Author: Marie Jones

State-owned oil and gas firm PT Pertamina (Persero) succeeded in achieving cost optimization of US$2.21 billion in 2021 amid high global crude oil prices. “Through this business strategy, in 2021, Pertamina succeeded in cost optimization of US$2.21 billion, obtained from the cost savings program (cost-saving) of US$1.36 billion, cost avoidance of US$356 million, and additional revenue (revenue growth) of around US$495 million,” director of finance of Pertamina, Emma Sri Martini, said in Jakarta on Tuesday. Martini explained that Pertamina has developed several policies and business strategies from the financial and operational perspective to face the increasing global oil price challenges.…

The Directors Of The Year Awards 2022 organised by The Hong Kong Institute of Directors (“HKIoD”) is open for nomination now. Themed “From Resilience to Sustainability”, the Awards this year recognises directors and boards capable of leading their companies in adapting to changes and, with outstanding governance thinking and practical strategies skills, taking their companies towards sustainable development in the ever-changing business environment. Dr Christopher To, Chairman of HKIoD, said, “Leadership in crisis calls for the ability to rethink and redefine some long-standing values or structure, and also the courage and strength to brave the uphill. In the at large…

State-owned oil and gas firm PT Pertamina (Persero) posted a record net profit of Rp29.3 trillion in 2021 following a successful business transformation. The 2021 transformation helped push up its consolidated net profit (audited) to US$2.046 billion or around Rp29.3 trillion, president director of Pertamina, Nicke Widyawati, said in a statement issued in Jakarta on Tuesday. The figure was almost double compared to the 2020 net profit of Rp15.3 trillion and exceeded the 2021 Corporate Work Plan and Budget (RKAP) target by 154 percent. In 2021, Pertamina transformed its business by increasing efficiency and production, carrying out energy transition, developing…

TOKYO & JAKARTA, June 22, 2022 – (ACN Newswire) – PT Bank CIMB Niaga Tbk (CIMB Niaga) and PT JCB International Indonesia (JCB), as a subsidiary of JCB International Co. Ltd., launched the CIMB Niaga JCB OCTO Card Digital Credit Card in Jakarta, on 22nd June 2022. This credit card with digital or virtual technology was developed in line with the rapid growth of demand for online transactions and credit card technology. The Digital Credit Card provides a number of improvements. It enables the user to apply for CIMB Niaga JCB OCTO Card Digital Credit Card anytime and anywhere, and it also…

Catalist-listed Jubilee Industries Holdings Ltd has entered into a Sales and Purchase Agreement (SPA) with UPC Electronics Pte. Ltd. (Purchaser) for the sale of the Company’s 14% stake in WE Components Pte. Ltd. (WEC), the Group’s EBU (Disposal). The Disposal offers significant synergies with the Purchaser’s existing operations and strategic priorities, leveraging WEC’s extensive product portfolio and strong presence across Asia. The Hong Kong incorporated Purchaser’s main business is the promotion and distribution of products and solutions of semiconductor manufacturers in the People’s Republic of China and overseas. The total cash consideration of US$2.1 million received for the Disposal will…

The G20 members and several relevant international organizations agreed to work together to create the Financial Intermediary Fund (FIF) to help countries in need to face any pandemic in the future. During the 1st G20 Joint Finance and Health Ministerial Meeting held in Yogyakarta on Tuesday, Indonesian Finance Minister Sri Mulyani emphasized the urgency for collaborative work between health and finance sectors to better prepared for future pandemics, considering that the COVID-19 would not be the last. “The world is definitely watching us – how the G20 is going to respond with delivering concrete action in pandemic preparedness and response.…

Pacific Green Technologies, Inc. (the Company or Pacific Green, (OTCQB:PGTK)) announces that it has reached financial close (Financial Close) for GBP28.25 million (US$34.90 million) of senior debt for the Company’s 99.98 MW battery energy storage system (BESS) at Richborough Energy Park. The senior debt, in conjunction with the equity investment by Green Power Reserves Limited, will provide the Company with the funding to bring the battery park to commercial operations in June 2023. The senior debt facility agreement is entered into with Close Leasing Limited (“CLL”), pursuant to which CLL will provide a development loan to fund the construction, which…

This year, CT Event Asia is all set to bring you the 2nd Annual Clean Power & New Energy 2022, themed “Shaping the Future of Energy in Asia”. Happening at the Mandarin Oriental Hotel on 20th-21st July 2022, this conference is the most efficient and targeted event for utility scale renewable companies. Bringing these industries together will create more value for participants by enhancing opportunities to network, broadening the scope of education and providing access to an exclusive audience. Incorporating all renewable technologies will be more convenient and cost-effective for multi-tech businesses as well as companies specializing in wind, utility solar, artificial intelligence in…

Inaugural WARC dComm IndexTM report on Amazon is released – a proprietary data-led report to help marketers overcome the challenges and find opportunities to achieve success on Amazon WARC, the global authority on marketing effectiveness, has today launched WARC Digital Commerce (www.warc.com/about-digital-commerce), a unique one-stop destination bringing together analysis, best practices and insights for brand marketers and ecommerce leaders to build digital platform marketing strategies and plan for success. Amin Mrini, VP WARC Digital Commerce, said: “WARC Digital Commerce is founded on the belief that brand marketing and ecommerce are converging – yet the two disciplines speak different languages and…

SinoMab BioScience Limited (SinoMab or the Company, together with its subsidiaries, the Group, HKG 3681), a Hong Kong-listed biopharmaceutical company dedicated to the research, development, manufacturing and commercialization of innovative therapeutics for the treatment of immunological diseases, primarily mAb-based biologics, today announced that on 10 June 2022, the mechanism of action of its flagship product SM03 (Suciraslimab) is successfully published in the Journal of Immunology, a reputable journal on immunology in the US (link to the paper: https://www.jimmunol.org/content/early/2022/06/10/jimmunol.2100820). The Journal of Immunology (the JI), founded in 1916 and managed and published by the American Association of Immunologists, is the world’s…

EC Healthcare (the Company, which together with its subsidiaries is referred to as the Group, HKG: 2138), the largest non-hospital medical group in Hong Kong, is pleased to announce the signing of its first sustainability-linked facility (SLL Facility) totalling HK$ 700 million with The Hongkong and Shanghai Banking Corporation Limited (HSBC) as sole lender and sustainability structuring bank. The inaugural dual-tranche SLL Facility is a first-of-its-kind for a healthcare services provider in Hong Kong, complementing the Group’s established status as a leading industry pioneer and reaffirming the importance of sustainability in the Group’s future growth strategy. The SLL Facility is…

EDX Pte. Ltd. will host DX Leaders Strategy Forum Philippines 2022, taking place at Diamond Hotel Philippines on August 24 and online on August 25, featuring 40+ international and local speakers and facilitators. EDX Pte. Ltd. is proud to bring its DX Leaders Strategy Forum to the Philippines for the first time. DX Leaders Strategy Forum Philippines 2022 will open opportunities for collaborative discussions and effective learning and application of digital and operational strategies to uplift the digital landscape of the country. Initial list of speakers will be Francisco Castillo of Maynilad Water Services, Inc., LCol. Francel Margareth Padilla-Taborlupa of…

Plato Blockchain is pleased to announce the launch of the “Minting the Future” television show. The global broadcast show will be hosted by Adryenn Ashley, an award winning producer and on-air host. Ashley, who also created the show, said it shares the title with her book “Minting the Future,” which is scheduled to be published in the near future. Ashley has over 30 years’ experience in the industry, both in front of and behind the camera. From shooting her first feature film in 8 days that went on to win awards around the globe for 2 years, to launching a…

B2B esports events and media company Esports Insider is excited to reveal the agenda and full lineup of speakers for our international two-day esports business conference – ESI Singapore. The event, which is co-hosted with Singapore-based Esports marketing agency, REDD+E, takes place on 6-7th July. As ESI’S first in-person event in the APAC region, the conference will provide delegates with two days of world leading sessions from industry leaders both within the region and from around the world, and valuable face to face networking opportunities. Speakers from the likes of AFC Ajax, MOONTON, PSG, Crypto.com Capital, Mineski, GRID, Galaxy Racer, EVOS, Bayes, Ampverse and more will grace…

Global renewable energy developer, service provider and distributor, BayWa r.e., today announced the opening of its Wind Projects Representative office in Lang Son Province, Vietnam. The opening of the Wind Projects Representative office will strengthen BayWa r.e.’s position as a key renewable energy developer in Vietnam and enable the company to provide a wider range of wind energy services in the country. The opening ceremony of the office was officiated by local government officials, which included leaders of the province’s People Committee, relevant departments of Industry and Commerce, Planning and Investment, Natural Resources & Environment, Agriculture and Rural Development, Transportations…

UOB Malaysia and The FinLab[1] today announced the fourth edition of the Jom Transform Programme[2]. This year’s programme is set to empower women to transform their businesses through digital acceleration. Jom Transform Programme (JTP) is specially-curated to provide advisory and assistance in the areas of digitalisation for Malaysia’s small- and medium-sized enterprises (SMEs). This year’s programme, themed ‘JTP: Womenpreneur Edition’, aims to support women entrepreneurs through digital solutions that drive productivity, save costs and grow revenue. The JTP will be conducted virtually on The FinLab Online[3]. Ms Ng Wei Wei, Chief Executive Officer, UOB Malaysia said, “With women entrepreneurs making…

PT Pemeringkat Efek Indonesia (Pefindo) affirms PT Wijaya Karya (Persero) Tbk (IDX: WIKA or Company) rating at idA with ‘stable’ outlook. Pefindo also affirms WIKA’s Shelf Registration Bonds I Year 2020 and Shelf Registration Bonds II Year 2021 at idA, and Shelf Registration Sukuk Mudharabah I Year 2020 and Shelf Registration Sukuk Mudharabah II Year 2021 at idA(sy). The Company’s rating reflects Pefindo’s optimism in its performance as a strong, national construction company supported by robust financial flexibility and diversified revenue sources. One of the reasons of the affirmation was an increase in new contracts by 57.54% YoY to Rp12.4…

Steps Up Cultivating On- and Off-line Retail Channels Further Develops Young Consumer Market Dynasty Fine Wines Group Limited (Dynasty or the Group) (HKG: 828), a premium grape winemaker in China, has upgraded its products in 2022, launching two smaller volumes – 373ml and 180ml – wine series in screw cap bottles, and also the Pleasant Color gift box and “Chinese style” product series, offering consumers more new and fashionable products and also to capture share in the young consumer market. The Group has launched the innovative 373ml and 180ml Dynasty dry red and semi-dry white series, sizes “disruptive” of the…

The 5th Brasil Investment Forum (BIF 2022), the largest foreign investment forum in Latin America jointly organized by Brazilian Trade and Investment Promotion Agency (ApexBrasil), Inter-American Development Bank and the Federal Government of Brazil, concluded successfully on 15 June 2022. During the forum, heavyweight speakers shared views on a range of topics, discussed the business environment and opportunities in Brazil, and promoted a number of high-quality investments. BIF 2022 has achieved huge success with various record-breaking figures this year. The forum has attracted and presented 157 investment projects with an estimated investment value of USD66.4 billion, expecting to create 200,000…

Ev Dynamics (Holdings) Limited (the Company, HKG: 476, together with its subsidiaries, collectively Ev Dynamics or the Group), a provider of new energy vehicles and integrated technology solutions, has received another purchase order from the Hong Kong Productivity Council to deliver a pure electric bus for use by a Hong Kong non-governmental organisation (NGO), which follows the Council’s earlier order of electric buses for the Airport Authority Hong Kong and the Hong Kong Anti-Cancer Society. Developed by the Group under a new purchase agreement with the Hong Kong Productivity Council, the electric bus boasts a light aluminum alloy body structure…