SINGAPORE — The Qatar Financial Centre (QFC), one of the world’s leading and fastest growing onshore business and financial centres, successfully concluded its Singapore roadshow last week on 3 May 2017. Business leaders attended the event at the Marina Mandarin to learn how they can capitalise on the emergent business opportunities in Qatar and the Gulf region. The event is a response to burgeoning interest in the Middle East among companies in Singapore. Qatar is investing heavily in infrastructure, transport, and tourism, with bilateral trade between both countries at S$45.1b in 2015. Highlights included presentations from senior QFC representatives as well…
Author: Marie Jones
New Delhi / Tokyo — National Payments Corporation of India (NPCI) and JCB International Co. Ltd. (JCBI), the international operations subsidiary of JCB Co. Ltd, operationalised acceptance of JCB payment cards at ATMs and POS terminals in India. Through this strategic partnership, JCB cards acceptance coverage in India will reach to about 100 per cent for both ATMs and POS terminals in the coming few years. This development has enabled JCB to serve increasing number of tourists and business professionals with payment options at ATM and POS in India especially from Asia where JCB has large number of card members. The…
Demonstrating the company’s dedication to providing cloud services with high security standard to satisfy its customers’ needs HONG KONG — CITIC Telecom International CPC Limited (“CITIC Telecom CPC”), a wholly-owned subsidiary of CITIC Telecom International Holdings Limited (SEHK:1883), has been receiving local and international attention over the recent years due to its remarkable achievements in the industry. Today, the Company is honored to announce its compliance to the international cloud security standard by becoming the first Infrastructure-as-a-Service (IaaS) provider to obtain the “ISO 27017 Code of Practice for Information Security Controls for Cloud Services” certification in Hong Kong, testifying the company’s…
HONG KONG — The Qatar Financial Centre (QFC), one of the world’s leading and fastest growing onshore business and financial centre successfully concluded its Hong Kong roadshow today. Business leaders attended the event at the Harbour Grand to learn how they can capitalise on the emergent business opportunities in Qatar and the Gulf region. The event came as part of QFC’s efforts to address the burgeoning trend of Hong Kong and Mainland Chinese companies growing their businesses in the Middle East. Qatar and Hong Kong are both situated in the One Belt, One Road region, which has helped strengthen ties, and…
Public Offer of 125,000,000 Shares; Offer Price Ranges from HK$0.90 to HK$1.20 per Share HONG KONG — Okura Holdings Limited (“Okura” or the “Group”), a pachinko hall operator in Japan, has commenced the Hong Kong Public Offer on 28 April 2017. Offering Details Okura intends to offer a total of 125,000,000 Shares, of which 90% of the Offer Shares, or 112,500,000 Shares, are for Placing Shares (subject to re-allocation); and the remaining 10% of the Offer Shares, or 12,500,000 Shares, are for the Hong Kong Public Offer (subject to re-allocation). After deducting underwriting fees and other estimated expenses in relation to…
Strong global industry support and expanded size attest to the show’s continued importance in the Asia-Pacific maritime security and defence landscape SINGAPORE — The 11th edition of the International Maritime Defence Exhibition and Conference (IMDEX Asia), Asia-Pacific’s premier international maritime defence show, will be held from 16 to 18 May 2017 in Singapore at the Changi Exhibition Centre. IMDEX Asia 2017 looks set to be the biggest ever, and the stellar line-up of events and activities underscores the phenomenal participation and support for this year’s show. Strong global support and increasing exhibitor participation Asia-Pacific is expected to drive global demand for…
President & CEO Garuda Indonesia and Angkasa Pura II share vision of making Soekarno-Hatta Airport the best smart-connected airport in the region CENGKARENG, INDONESIA — President & CEO Garuda Indonesia Pahala N Mansury and President & CEO of Angkasa Pura II Muhammad Awaluddin inaugurated Garuda Indonesia international flight operations service at Terminal 3 of Soekarno-Hatta Airport, Tangerang on Monday (1/5) by releasing flight GA 820 route Jakarta – Kuala Lumpur and welcoming the arrival of flight GA 823 route Singapore – Jakarta. Flight GA 820 from Jakarta to Kuala Lumpur destination, departed at 08.35 Local Time, while the arrival of flight…
JAKARTA — Wintermar Offshore Marine (IDX:WINS) has reported 1Q2017 financial results. Revenue from WINS fleet falls 39% YOY, reflecting the lagged effect of depressed oil prices in 2016. Overall Revenue including Chartering Division fell by 44% YOY to US$ 13.1 million compared to US$ 23.3million in 1Q2016. This was caused by the lagged effect of the near standstill in tendering activity experienced in the second half of 2016, which resulted in lower charter rates at the same time as the utilization rate dipped below 50%. Although sentiment in the oil industry seems to have bottomed and tendering activity has picked up…
Planning to Construct 3 New High Schools to Increase the Market Share HONG KONG — China YuHua Education Corporation Limited (6169.HK)announced the unaudited consolidated the interim results for the six months ended 28 February 2017 (the “Reporting Period” ) today. During the Reporting Period, adjusted net profit of the company was RMB195.2 million, representing an increase of 30.1% for the corresponding period of 2016. Due to the result of an increase in student enrolment and tuition fees, adjusted operating profit was RMB201.0 million for the six months ended 28 February 2017, representing an increase of 22.5% as compared with RMB164.1 million…
Survey: Over 90% Expect Overall Sales to Grow or Remain Steady; Chinese Mainland Seen as Having Most Growth Potential HONG KONG — The 32nd Hong Kong Gifts & Premium Fair, organised by the Hong Kong Trade Development Council (HKTDC), concluded yesterday at the Hong Kong Convention and Exhibition Centre. The concurrent 12th Hong Kong International Printing & Packaging Fair, jointly organised by the HKTDC and CIEC Exhibition Company (HK) Ltd, also came to a successful close at the AsiaWorld-Expo. The twin fairs together attracted 62,000 buyers from 138 countries and regions. Nearly 47,000 buyers attended the Gifts & Premium Fair, while…
Concurrent Printing & Packaging Fair Starts at AsiaWorld Expo HONG KONG — The 32nd Hong Kong Gifts & Premium Fair opened today at the Hong Kong Convention and Exhibition Centre (HKCEC). The four-day fair (27-30 April), organised by the Hong Kong Trade Development Council (HKTDC), is the world’s largest fair of its kind. This year’s fair features more than 4,300 local and overseas exhibitors from 31 countries and regions, showcasing a broad variety of giftware products. The 12th Hong Kong International Printing & Packaging Fair, held in parallel with the Gifts & Premium Fair, also started today at the AsiaWorld-Expo. Jointly…
Manufacturing Business Achieved Rapid Growth Distribution Business Steadily Scaled Up HONG KONG — Shanghai Pharmaceuticals Holding Co., Ltd. (“Shanghai Pharmaceuticals” or the “Company” and, together with its subsidiaries, the “Group”; stock code: 601607.SH; 2607.HK), the integrated pharmaceutical company in the PRC that has leading positions in both pharmaceutical products and service markets, released its first quarterly report of 2017 on the night of 27 April, 2017. Data showed that During the Reporting Period, Shanghai Pharmaceuticals recorded operation revenue of RMB33.129 billion (Unit: RMB, following the same), representing an increase of 13.16% on a YOY basis. Net profit attributable to the equity…
HONG KONG — GF Securities Co., Ltd. (“GF Securities” or “the Company”; HKSE: 1776; SZSE: 000776) and Hong Kong University of Science and Technology Entrepreneurship Center (“HKUST Entrepreneurship Center”, and the Hong Kong University of Science and Technology, “HKUST”) jointly held a public lecture yesterday on campus, aiming to promote the “HKUST One Million Dollar Entrepreneurship Competition”, and attracted numerous students and start-up-ers. Since 2011, the “One Million Dollar Entrepreneurship Competition” (“he Competition”) has been held for six consecutive years, with divisions extending to Beijing, Guangzhou, Shenzhen, and Macau. Being the Platinum sponsor of the Hong Kong Division, GF Securities has…
To Accelerate Strategic Cooperation on the Exploration and Development of Gas and Oil Wells HONG KONG — Persta Resources Inc. (“Persta Resources” or the “Company,” stock code: 3395), a Calgary-based energy company principally engaged in natural gas and crude oil exploration and production, with a focus on natural gas, is pleased to announce that, on 24 April 2017, the Company has entered into a non-binding Memorandum of Understanding (the “MOU”) with CNOOC Energy Technology & Services Limited (“Cenertech”), a subsidiary of the internationally-renowned oil and natural gas producer CNOOC Limited. The signing of the MOU forges strategic cooperation for both parties…
Survey: 87% Expect Overall Sales to Grow or Remain Steady; Green Products Bring New Opportunities HONG KONG — Organised by the Hong Kong Trade Development Council (HKTDC), the 32nd Hong Kong Houseware Fair and the eighth Hong Kong International Home Textiles and Furnishings Fair drew to a successful close yesterday. The two fairs welcomed a total of more than 48,000 buyers from 111 countries and regions, up approximately 2 per cent over last year. More than 29,000 buyers visited the Houseware Fair, while close to 19,000 buyers attended the Home Textiles and Furnishings Fair. Attendance among mature markets such as Australia…
Solid Performance in Its First Annual Results after Listing; Net Profit Increases 35.9% to RMB24,900,000 in 2016 HONG KONG — Vixtel Technologies Holdings Limited (“Vixtel Technologies” or “Group”, stock code: 8342), the market leader in China’s Application Performance Management (“APM”) industry, was listed on The Stock Exchange of Hong Kong Limited on 15 December 2016, which greatly enhanced the Group’s corporate image and customer awareness of their products. Moving forward, the Group will continue to invest in research and development to promote the integration of newly designed version with their customers’ specific systems and network environment of APM technology and to…
HONG KONG — Kiu Hung International Holdings Limited (“Kiu Hung International” or the “Group”; stock code: 381) plans to develop robotic technology business in the hotel industry together with Shanghai Liming Intelligent Technology Limited (“Shanghai Liming”). Today, the 2014 Nobel Laureate physicist, Professor Shuji Nakamura, was invited to the conference named “First Launch Front-desk Robot in China”, hosted by Shanghai Liming and title-sponsored by the Group to share his views on the trend and potential of the intelligent hotel technology business. With labor cost of hotel operations increasing, there is a pressing need for the development of intelligent hotel technology that…
HONG KONG — Tongda Group Holdings Limited (the “Company”, together with its subsidiaries, the “Group”) (Stock Code: 698) has presented the operating position for the three months ended 31 March 2017. Based on the unaudited consolidated management accounts of the Company for the Period, the turnover of the Company amounted to approximately HK$1,784.5 million (corresponding period in 2016: HK$1,367.7 million), representing a growth of approximately 30.5% as compared to the corresponding period of last year. The increase was mainly derived from the handset segment. Due to the increase in the contribution from two major customers and a broadened customer base, offsetting…
Boosting Office Occupancy Rates, Creating Great Investment Returns BANGKOK — GLAND Office Leasehold Real Estate Investment Trust, or GLANDRT, which has invested in 30-year and 17-year-and seven-month leasehold interests in ‘The Nine Towers’ and ‘Unilever House’ office building projects, respectively, in Bangkok’s ‘New CBD’, had its first trading day on 21 April, after receiving an enthusiastic welcome from both institutional and retail investors. Its management forecasted that a continuously growing demand for office space in Ratchada-Rama 9 area will improve the projects’ occupancy rates. Ms Veena Lertnimitr, Executive Vice President, Primary Distribution Division, The Siam Commercial Bank Public Company Limited, as…
Enhanced Cigna Health First Elite Medical Plan offers comprehensive and personalized solutions to meet customer needs throughout their life journeys HONG KONG — Hong Kong’s overall health score has continued in a declining trend over the past three years, dropping from 59.9 in 2015 to 58.6 in 2017, the latest Cigna 360 Well-being Score Survey reveals. The survey results show that Hong Kong people, regardless of their age, often don’t see themselves as “old” and are not financially prepared. Only 12% of respondents think they are financially secure should they be unable to work and only 17% perform well on current…