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- Hyundai Heavy Industries: Real Time Quotes
October 07, 2022. SEOUL, South Korea. Hyundai Heavy Industries will deliver satisfaction to our customers and shareholders through our management based on trust and integrity. Source Link: https://english.hhi.co.kr/IR/stock_price01
- Turkey's Largest Sustainability Themed Colossal Syndicated Loan from Ziraat Bank
April 11, 2022. ISTANBUL, Turkiye. The cost of the loan, which has a maturity of 367 days, was determined as SOFR+275 bps for the USD portion and Euribor+210 bps for the Euro portion. Ziraat Bank has finalized a syndicated loan agreement of USD 325,5 million and EUR 814 million, totaling USD 1,24 billion, successfully renewing the last year’s loan at a 100% rate in EUR/USD parity adjusted terms. The cost of the loan, which has a maturity of 367 days, was determined as SOFR+275 bps for the USD portion and Euribor+210 bps for the Euro portion. As LIBOR lost the status of reference interest rate for USD loans, the USD part of the loan was indexed to SOFR (Secured Overnight Funding Rate). Abu Dhabi Commercial Bank PJSC, Emirates NBD Capital Limited and The Commercial Bank (P.S.Q.C.) coordinated the syndicated deal, while Emirates NBD Capital Limited, Standard Chartered Bank and Sumitomo Mitsui Banking Corporation acted as sustainability coordinators. The loan, which was renewed with participation of 45 banks from 21 countries, is the largest sustainability themed, single tranche syndicated loan received by a financial institution in Turkey. The ESG KPIs include favorable loan terms for women and young farmers, facilitating gender and opportunity equality and revisions of ATMs and branch offices to better accommodate disabled customers. CEO Alpaslan Çakar, has made the following statements related with this syndicated loan; “The global adverse effects of climate change and the need for environmental risk management has made it critical that financial institutions act with sensitivity towards ESG issues. In this context, We have made environmentally and socially responsible financing a key strategic priority and after issuing the Bank’s first sustainability bond in February 2021 and we have now added the first sustainability themed syndicated loan to our balance sheet. We acknowledge the high and diverse participation of our international stakeholders, despite the current operating environment which is dominated by the ongoing pandemic and global geo-political issues, a symbol of trust in the Turkish economy, Turkish Banking Sector and our Bank. We are thankful to our correspondent banks for their contributions to adding a new deal to our long list of successful collaborations in this period where global monetary policies are tightened. With this fund secured by Ziraat Bank, we will continue our support to real sector and sustainable economic growth by further financing foreign trade operations. While performing our function of financial intermediation, we will continue diversifying our funds with responsible banking approach and decisively value creation with considering the future.” Yours sincerely, ZIRAAT BANK Headquarters Address : Hacıbayram Mah. Atatürk Bulvarı No: 8 06107 Ulus –ANKARA Maslak Mah. Eski Büyükdere Cd. No: 41 / 1 34398 Sarıyer İstanbul Phone e-mail : 0(312) 584 40 49 –0(212) 304 35 14 : kurumsaliletisim@ziraatbank.com.tr Fax Web : 0(312) 584 25 51 : www.ziraatbank.com.tr Source Link: https://www.ziraatbank.com.tr/en/Our-Bank-ZB/Press-Room/News-Announcements/Documents/11.04.2022_-_turkey_s_largest_sustainability_themed_colossal_syndicated_loan_from_ziraat_bank_FAAB1.pdf
- The best photos from the 2022 US Open
Sunday, September 11, 2022. NEW YORK, US. It's tough to follow all the action around the grounds at a Grand Slam. That's where the US Open's esteemed team of photographers comes in. Here are some of their favorite shots from the 2022 US Open. Photo by Darren Carroll/USTA Photo by Simon Bruty/USTA Photo by Manuela Davies/USTA Photo by Mike Lawrence/USTA Photo by Brad Penner/USTA View full photo gallery on: https://www.usopen.org/en_US/news/articles/2022-09-11/2022_us_open_notebook_alcaraz_clinches_title_no_1_ranking_over_ruud_on_day_14.html
- SHARM EL-SHEIKH CLIMATE CHANGE CONFERENCE - NOVEMBER 2022
6 Nov - 18 Nov 2022. SHARM EL-SHEIKH, Egypt. The Sharm El-Sheikh Climate Change conference will take place from 6-18 November 2022. The venue is Sharm El-Sheikh International Convention Centre (SHICC) From the podium The COP 26 Presidency and the incoming-COP 27 Presidency are committed to ensuring a transparent and inclusive process in the lead-up to COP 27 to be convened in Sharm el-Sheikh, Egypt from 6 – 18 November 2022. Throughout the year, the Presidencies will engage at ministerial, head of delegation and technical levels, as appropriate, on issues critical to the delivery of work in 2022 and the success of COP 27. Regular multilateral consultations at the level of heads of delegation will provide an opportunity for Parties to engage informally on specific issues and make progress in preparation for Sharm el-Sheikh. Visit the Road to Sharm el-Sheik informal consultations page High Level Champions and Marrakech Partnership Program for COP27 The High-Level Champions and Marrakech Partnership programme for COP 27 is done in collaboration with the programme of the COP 27 Presidency. The programme unites government and non-Party stakeholders, fostering collaboration among them to deliver greenhouse gas emission reductions and help ensure a just transition to a net-zero economy which alleviates poverty and helps secure a sustainable future. This programme is being under development. Concept notes, programmes and outcome documents of these events will be posted on this page as they become available. Source Link: https://unfccc.int/cop27
- Malacca Straits Acquisition Company Limited
Termination of business combination agreement between Malacca Straits Acquisition company and Asia Vision Network September 7, 2021. WASHINGTON, US. Malacca Straits Acquisition Company Limited (“Malacca Straits” or “MLAC”) (NASDAQ: MLAC), a publicly traded special purpose acquisition company led by CEO Kenneth Ng, and Asia Vision Network (“AVN” or the “Company”), the holding company for Vision+ and MNC Play today announced that they have mutually agreed to terminate the business combination agreement which was originally entered into on March 21, 2021. Kenneth Ng, Chief Executive Officer of Malacca Straits, said, “While both parties have made diligent and dedicated efforts towards a successful closing of the business combination within the planned timetable, various unforeseen circumstances beyond the control of either party have precluded this. Therefore, we have concluded together with AVN that it is in the best interest of both parties to terminate our business combination agreement.” Ade Tjendra, Chief Executive Officer of PT MNC Vision Networks Tbk, commented, “We have been working closely over the past several months with the Malacca Straits team, and while we are disappointed not to have completed this transaction as originally contemplated, we believe this is the correct decision, which was mutually and amicably reached by both parties.” About Asia Vision Network Asia Vision Network is the holding company for Vision+, Indonesia’s fastest growing Over-The-Top media business and MNC Play, the 3rd largest broadband and IPTV operator in Indonesia. Vision+ offers Subscription Video on Demand (SVOD) and Advertising-based Video on Demand (AVOD), based on exclusive OTT access to MNC Group market-leading Free-to-Air channels and a content library of over 300,000 hours. MNC Play delivers fiber-optic based broadband & IPTV services and is the pioneer in 100% FTTH technology in Indonesia. About Malacca Straits Acquisition Company Malacca Straits is a blank check company incorporated as a Cayman Islands exempted company and formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Malacca Straits consummated its initial public offering on July 17, 2020. Its units, shares and warrants are listed on the Nasdaq Capital Market. Forward Looking Statements This press release contains, and certain oral statements made by representatives of Malacca Straits and AVN and their respective affiliates, from time to time may contain, “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Malacca Straits’ and AVN’s actual results may differ from their expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “might” and “continues,” and similar expressions are intended to identify such forward-looking statements. Malacca Straits does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based, subject to applicable law. No Offer or Solicitation This press release is for informational purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy any securities pursuant to the Transaction or otherwise, nor shall there be any sale of securities in any jurisdiction in which the offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended. Contacts: Investors: Kenneth Ng / Stanley Wang kenneth@malaccastraits.net / stanley@malaccastraits.net Source Link: https://sec.report/Document/0001213900-21-046827/
- Digital Core REIT
Proposed Acquisition of Core Data Centres in Frankfurt and Dallas September 22, 2022. SINGAPORE More information from source Link: https://s28.q4cdn.com/669718746/files/doc_news/2022/09/Digital-Core-REIT-Proposes-Inaugural-Acquisition-Presentation.pdf
- Genius Technology Solutions: Always Stay Connected
Make Buffering A Thing Of The Past More information, visit https://geniustechnologysolutions.com/
- Franky Zapata et son Flyboard au GP de Formule 1 à Singapour !
October 18, 2018. SINGAPORE. Youtube Link: https://youtu.be/kV5KJPuHErg
- FEW Incubator & Accelerator
May 31, 2022. Asia-Pacific’s largest business platform for female founders is excited to invite women-led businesses. FEW Accelerator Gathers Impact Investors To Fund Women-Led Businesses, Offering Exclusive Access to FEW’s Elite Investor Network. Asia-Pacific’s largest business platform for female founders is excited to invite women-led businesses, particularly those in the consumer goods space or seeking access to a female client demographic, with an exclusive VC network, media coverage, mentorship, marketing and more. Applications until June 15, 2022 Apply: https://www.thefewgroup.com/few-accel... Like and Subscribe to Female Entrepreneurs Worldwide on Youtube Video Source Link: https://youtu.be/vSk3oUgFkkE
- CMA CGM creates a USD 1.5 billion Special Fund for Energies
September 4, 2022. MARSEILLE, France. A major commitment to developing energy-saving and energy-efficient solutions. A five-year investment and a dedicated team to drive the energy transition. The objective is to accelerate decarbonization across shipping, inland, and logistics operations globally. A major commitment to developing energy-saving and energy-efficient solutions. Source Link: https://www.cma-cgm.com/news/4140/cma-cgm-creates-a-usd-1-5-billion-special-fund-for-energies
- Al-Nour Party welcomes the invitation of the National
May 11, 2022. ALEXANDRIA, Egypt. The party indicated that it will prepare a working paper based on the axes that were raised. The Nour Party announced that it welcomed the invitation of the National Academy of National Dialogue, noting that the party appreciates this step; For the participation of all segments of Egyptian society in the national dialogue called for by the President of the Republic, during the Egyptian family's breakfast. In its statement, the party said: "This should be a serious step on the path to the effective participation of all national forces for the advancement of the country, and that constructive dialogue is a method for dealing in the new phase." The party indicated that it will prepare a working paper based on the axes that were raised; In order to ensure the success and continuation of this experience in order to advance the country, rationalize the path and consolidate national cohesion. Source Link: https://alnourpartyeg.com/ar/989
- TOP GLOVE WEATHERING THE EFFECTS OF NORMALISATION
June 9, 2022. SHAH ALAM, Malaysia. Group grows QoQ Sales Volume amidst challenging times. Top Glove Corporation Bhd or “Top Glove” today announced its financial results for the Third Quarter ended 31 May 2022 (3QFY2022), delivering quarter on quarter growth in Sales Volume, despite prevalent challenging market conditions amidst the normalising trend. Financial Performance For 9MFY2022, the Group posted Sales Revenue of RM4.50 billion and Profit After Tax of RM334 million. Meanwhile, Sales Revenue for 3QFY2022 amounted to RM1.47 billion and Profit After Tax registered RM29 million. Against a highly challenging backdrop, the Group achieved a 6% improvement in Sales Volume compared with the preceding quarter, attributed mainly to the recovery in sales to the USA from Malaysia as well as other regions. The softer performance occurred amidst a convergence of headwinds, with production costs moving upward due to global inflation and as the Russia Ukraine conflict drove up crude oil prices. Additionally, the Group contended with increases in natural gas and electricity tariffs, as well as minimum wage implementation which came into effect 1 May 2022. The escalating costs resulted in margin compression, as the Group was unable to fully pass cost through amidst the ongoing oversupply situation. However, average selling prices (ASPs) are declining at a far slower pace which will help cushion the cost impact going forward. Meanwhile, sales to the USA from Malaysia continue to trend higher in 3QFY2022, increasing by 8% compared with 2QFY2022, with great potential for further growth, which bodes well for the Group. For 3QFY2022, the average natural latex concentrate price rose 17% quarter on quarter to RM6.50/kg. Meanwhile, the average nitrile latex price was USD1.11/kg, 3% lower compared to 2QFY2022. In consideration of the moderating demand, the Group has deferred and reduced its major CAPEX for the immediate term, as it continues to align its expansion plans with market conditions. Commenting on the Group’s results, Dato’ Lee Kim Meow, Managing Director of Top Glove said, “This is an extremely challenging time for the glove industry and this quarter’s results are not reflective of our usual business performance, owing to the ongoing normalisation trend coupled with demand supply imbalance. However, we will press on and continue focusing on the fundamentals: delivering quality products at an efficient cost, a direction which remains our priority both in good and lean times. On this note, I also wish to express our profound appreciation to our people who have worked hard with a quality mindset, which will continue to move us forward through this difficult period.” Launch of Top Glove Sustainability Policy In keeping with the Group’s steadfast commitment to Environmental, Social and Governance or "ESG" considerations, Top Glove will be launching its Sustainability Policy (Policy), which articulates its key focus areas and goals across the sustainability spectrum through FY2025. Developed in consultation with various stakeholders, including investors, nongovernmental organisations and analysts, the Policy serves as a guide to ethical and responsible sourcing and procurement for the Group, as well as its supply chain. Significantly, by FY2025, Top Glove has committed to setting a target year by which to achieve its Net Zero Carbon aspirations. The Group also aims to attain 70% traceability to natural rubber plantations by FY2025. Outlook Top Glove expects the challenging business environment to persist in the near term, but emphasises the situation is a temporary setback. Expressing optimism in prospects both for the Group and the sector, Dato’ Lee remarked, “In business, we always take a long term view. Top Glove believes that the outlook for the glove industry is still promising as gloves remain an essential item in the healthcare sector. We are very confident that demand will keep growing with increased usage from emerging markets where the glove consumption base is relatively low, coupled with higher levels of hygiene and health consciousness in a post pandemic era”. The Group also recognises that challenges are part of doing business and has successfully weathered several such cycles since commencing operations 31 years ago. “As external factors are beyond our control, we continue to focus on internal factors, the most fundamental of which is staying fit and healthy, so that we remain sustainable through the toughest of times. This will enable us to prepare for better times ahead”, Dato’ Lee concluded. About Top Glove Corporation Bhd Top Glove Corporation Bhd is listed on the Bursa Malaysia Stock Exchange Main Board and Singapore Exchange Mainboard. It is also one of the component stocks of the MSCI Global Standard Index, FTSE Bursa Malaysia KLCI Index, FBM Top 100 Index, FBM Emas Index, FBM Hijrah Syariah Index, FBM Emas Syariah Index and the Dow Jones Sustainability Indices (DJSI) for Emerging Markets. A Forbes Global 2000 company, Top Glove is currently the world’s largest manufacturer of gloves with an established corporate culture and good business direction of producing consistently high quality, cost efficient gloves. Top Glove has over 2,000 customers worldwide and exports to more than 195 countries. Summary of key information: Source Link: https://www.topglove.com/single-press-release-en?id=411&title=top-glove-weathering-the-effects-of-normalisation












