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- PROPOSED PUBLIC ISSUE OF DOMESTIC CORPORATE BONDS BYCOUNTRY GARDEN REAL ESTATE GROUP CO., LTD
May 18, 2022. GUANGDONG PROVINCE. Voluntary announcement proposed public issue of domestic corporate bonds by Country Garden Real Estate Group Co., Ltd., A wholly-owned subsidiary of the company. This is a voluntary announcement made by Country Garden Holdings Company Limited (the ‘‘Company’’). The board of directors (the ‘‘Board’’) of the Company announces that, on 10 February 2021, Country Garden Real Estate Group Co., Ltd. (碧桂園地產集團有限公司) (the ‘‘Issuer’’), a company established in the People’s Republic of China (the ‘‘PRC’’) and a wholly-owned subsidiary of the Company, has obtained the approval of China Securities Regulatory Commission (中國證券監督管理委員會) (the ‘‘CSRC’’) to register for the proposed public issue of domestic corporate bonds of face value of not exceeding RMB13.9 billion (the ‘‘Corporate Bonds’’) to professional institutional investors in tranches. The size of this tranche of bond issue will be not more than RMB500 million and the bond maturity will be 3 years, with an option for the Issuer to adjust the coupon rate and a sell-back option for investors at the end of the first year and the second year respectively. The Corporate Bonds so issued is proposed to be listed on the Shenzhen Stock Exchange (深圳證券交易所). The Issuer and the lead underwriter will conduct a book-building exercise with professional institutional investors on 20 May 2022. In accordance with the relevant rules and regulations in the PRC, relevant documents in relation to the Issuer and this tranche of the Corporate Bonds are available on the website of the Shenzhen Stock Exchange (深圳證券交易所) (www.szse.cn) and cninfo (巨 潮資訊網) (http://www.cninfo.com.cn). Shareholders and investors of the Company are reminded that such documents were prepared in accordance with the relevant requirements in the PRC and are limited solely to the Issuer, and the information contained therein does not provide a full picture of the operation or status of the Company and its subsidiaries. The Issuer may issue further tranche(s) of the Corporate Bonds within 24 months from the date of registration of the proposed issue of the Corporate Bonds with the CSRC. Information on any such issue will be disclosed in the interim and/or annual report(s) of the Company. By Order of the Board Country Garden Holdings Company Limited MO Bin President and Executive Director Foshan, Guangdong Province, the PRC, 18 May 2022 As of the date of this announcement, the executive directors of the Company are Mr. YEUNG Kwok Keung (Chairman), Ms. YANG Huiyan (Co-Chairman), Mr. MO Bin (President), Ms. YANG Ziying, Mr. YANG Zhicheng, Mr. SONG Jun and Mr. SU Baiyuan. The non-executive director of the Company is Mr. CHEN Chong. The independent non-executive directors of the Company are Mr. LAI Ming, Joseph, Mr. SHEK Lai Him, Abraham, Mr. TONG Wui Tung, Mr. HUANG Hongyan and Mr. TO Yau Kwok. Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
- Morgan Stanley Infrastructure Partners Completes Investment in StraitNZ
March 31, 2022. NEW YORK. Morgan Stanley Infrastructure Partners invests in a diverse range of infrastructure assets predominantly located in OECD countries. The team seeks to create value through active asset management and operational improvements. Investment funds managed by Morgan Stanley Infrastructure Partners (“MSIP”), a private infrastructure team within Morgan Stanley Investment Management, announced today that they have acquired StraitNZ Holdings Limited (“StraitNZ” or the “Company”). “We are excited to acquire the leading independent freight transportation solution across the Cook Strait,” Mark McLean StraitNZ is a ferry and logistics operator that manages multiple daily freight and passenger services across the Cook Strait in New Zealand. StraitNZ is one of only two Cook Strait ferry operators, connecting New Zealand’s national highway system from the North Island, where approximately 77% of New Zealand’s population resides, to the South Island, where the remainder of the population lives. With more than 90% of New Zealand’s freight being distributed via road and imports becoming increasingly concentrated at North Island ports, these ferries represent essential transportation infrastructure for the New Zealand logistics supply chain, with strong barriers to entry provided via long-term port leases, dedicated berthing facilities and geographic constraints on the creation of additional port capacity. “We are excited to acquire the leading independent freight transportation solution across the Cook Strait,” says Mark McLean, Managing Director and Head of Asia Pacific Investing for MSIP. “Structural shifts towards higher e-commerce activity, as well as strong secular trends within New Zealand, all support the increasingly critical nature of the asset.” About Morgan Stanley Infrastructure Partners Morgan Stanley Infrastructure Partners (“MSIP”) is a leading global private infrastructure investment platform with over $16 billion in assets under management1. Founded in 2006, MSIP has invested in a diverse portfolio of over 30 investments across transport, digital infrastructure, energy transition and utilities. MSIP targets assets that provide essential public goods and services with the potential for value creation through active asset management. For further information about Morgan Stanley Infrastructure Partners, please visit www.morganstanley.com/im/infrastructurepartners.
- Mining giants back eight winning ideas in global Charge On Innovation Challenge to decarbonise minin
May 12, 2022. MELBOURNE. In the global quest to significantly decarbonise mining operations, eight technology innovators’ submissions have been selected to progress beyond the Charge On Innovation Challenge. The global challenge, launched by BHP, Rio Tinto and Vale sought to accelerate commercialisation of effective solutions for charging large electric haul trucks while simultaneously demonstrating there is an emerging market for these solutions in mining. The eight innovators selected are ABB, Ampcontrol and Tritium (Australia), BluVeinXL, DB Engineering & Consulting with Echion Technologies, Hitachi, Shell Consortium, Siemens Off-board power supply, and 3ME Technology. The Charge On Innovation Challenge was launched in 2021 and invited vendors and technology innovators from around the world and across industries, to collaborate with the mining industry to present novel electric truck charging solutions. The Challenge received interest from over 350 companies across 19 industries, with over 80 companies submitting expressions of interest (EOI). 21 companies were then invited to present a detailed pitch of their solution. The final eight were chosen from these 21 companies. These technology innovators worked together with the founding patrons – BHP, Rio Tinto, and Vale – and 16 other mining companies to accelerate commercialisation of interoperable solutions that can safely deliver electricity to large battery-electric off-road haul trucks – reducing emissions while enhancing mine productivity. “Do you have a design in mind for your blog? Whether you prefer a trendy postcard look or you’re going for a more editorial style blog - there’s a stunning layout for everyone.” They are: ABB – We are enabling the entire mining value chain to evolve through electrification, automation and digitalization embracing a joint industry approach linking the domain expertise of our people with the specialist knowledge of partners for fully integrated systems. Under our ABB Ability™ eMine purposeful framework of methods and solutions we have designed a dual charging system solution for stationary and in-motion charging. This is to optimize the electric mine hauling operation with high power, the shortest charging initiation time and limited truck design impacts by leveraging standardised infrastructure and onboard systems and components. This journey of partnership in action, research, development and testing will continue. Ampcontrol and Tritium (Australia) - The Ampcontrol and Tritium mining haul truck battery swap solution is an end-to-end ultra-fast modular recharging station that is fully automated, relocatable, scalable and cell agnostic. Drive-in/drive-out, an autonomous transfer robot swap batteries in 90 seconds, significantly reducing safety risks and increasing productivity by excluding personnel from the swap process. BluVeinXL - BluVeinXL is a dynamic charging technology solution for heavy battery electric vehicles in open-pit mining and safely enables the full electrification of heavy mining fleets. It enables the ability for grid power to be used to power the electric drive motors and charge the onboard vehicle battery simultaneously. DB Engineering & Consulting (DB E&C) and Echion Technologies - have come together to develop a world-leading solution for the electrification of mining trucks. Our Catenary and Advanced Battery Technology system combines proven rail industry technology with cutting edge XNO™ battery chemistry to deliver an unrivalled electric solution Hitachi Energy - is proposing an innovative haul truck electrification solution which addresses the sustainability needs of the mining industry without compromising the productivity of the mine. Using Grid-eMotion™ Flash – a pioneering technology for sustainable e-mobility – the proposed solution will rapidly and safely charge the haul trucks’ batteries in just a few minutes. A holistic and detailed monitoring and control solution for the charging process and the grid connection system is provided by the innovative e-mesh™ digital solutions for e-mobility. Shell Consortium - For mobile equipment on a mine site, Shell helps to enable a decarbonised, cost neutral end-to-end interoperable electrification system while minimising operational impact. It combines an innovative, high-powered battery solution, with ultrafast charging and a standardised micro-grid energy system. Siemens - Siemens patented Zero-Emission, Battery electric Haul Truck solution combines a proven off-board energy source (trolley substation and overhead catenary) with on-board energy storage (LTO batteries) capable of dynamic 6C and >400kWh in-cycle charging while simultaneously providing increased power to the wheels to decrease overall cycle time and increase productivity. 3ME Technology - is a battery and electric vehicle technology company that develops and manufactures safe, scalable, remotely monitored, and reliable battery systems to power heavy-duty mining equipment. 3ME Technology is providing the Charge On Innovation Challenge with a purpose-refined version of its novel Bladevolt® Battery System to fit the requirements of haul truck operations. The haul truck-specific Bladevolt® XL system will be scalable to fit varied truck sizes, composed of the optimum chemistry, cost-effective and compliant with the proposed charging infrastructure, as well as enabled to capture and analyse critical data that will help improve operations going forward. Next steps Winners are collaborating with interested mining companies, OEMs and investors to accelerate the technology development to support the future roll-out of zero-emissions fleets. BHP’s Group Procurement Officer, James Agar, said, “The truly global nature of the final eight technology innovators selected, from across industries, demonstrates the level of interest that exists to work closely with the mining industry in seeking solutions to decarbonise mining fleets. The Charge On Innovation Challenge is a great example of the current collaborative work being done to reimagine traditional models and relationships, which will enable innovative solutions to be designed, tested and implemented, fast-tracking the adoption of new technology.” Rio Tinto Chief Technical Officer Mark Davies said, “With this group of innovators, we’re taking another step in the right direction towards changing the way haul truck systems operate in the mining sector. Through collaborations like this, where we all come together to create change, we can drive long-term benefits for our industry and the environment. “We know we have a role to play in helping solve the global climate challenge. We’re looking at how we can make changes across our business to reduce our carbon emissions by 50 per cent by 2030. Initiatives like the Charge On Innovation Challenge can help us reach our targets.” Vale´s CEO, Eduardo Bartolomeo said, “It is with great pride that we announce the winners of this Challenge who have presented solutions that promise to disrupt the sector. The decarbonisation challenge is so extensive that the mining industry cannot tackle it alone, but with partnerships such as these, we hope to reach this goal, for ourselves, for our communities and for our planet.” GHD, one of the world’s leading professional services companies, has facilitated the Charge On Innovation Challenge, and is now leading the process of establishing consortia to drive the testing of preferred technologies. GHD's role builds on the significant work of Austmine to launch the challenge, which attracted a number of supporting organisations, OEMs and investors. GHD’s CEO, Ashley Wright, said, “We are proud to help the global mining industry innovate to reduce emissions. Our role with Charge On Innovation Challenge is aligned with our Future Energy ambitions of helping clients and communities move to a future of reliable, affordable and secure low-carbon energy, sooner. Decarbonising heavy-emitting sectors, including both mining and transport, will be crucial to realising this vision.” More information BHP Satish Rajmohan Satish.rajmohan@bhp.com +65 9825 6307 Rio Tinto Kate Barcham: Media Relations Kate.barcham@riotinto.com +61 438 990 238 Vale Murilo Fiuza: Media Relations Murilo.fiuza@vale.com, +55 21 99170-2290 GHD Kirill Reztsov: Global Communications Advisor kirill.reztsov@ghd.com +61 2 9239 7175 About Charge On Innovation Challenge: BHP, Rio Tinto, and Vale, three of the world’s biggest resource companies, have launched the Charge On Innovation Challenge, a global competition for technology innovators to develop new concepts for large-scale haul truck electrification systems to help significantly cut emissions from surface mine operations and unlock safety, productivity, and operational improvements. www.chargeoninnovation.com About GHD: GHD is a leading professional services company operating in the global markets of water, energy and resources, environment, property and buildings, and transportation. Committed to a vision to make water, energy, and urbanisation sustainable for generations to come, GHD delivers engineering, architecture, environmental and construction solutions to public and private sector clients. Established in 1928 and privately owned by its people, GHD’s network of 10,000+ specialists are connected across 200 offices located in five continents and the Pacific region. www.ghd.com
- OCBC Bank and MetaVerse Green Exchange to develop new green financing solutions with tokenised carbo
April 25, 2022. SINGAPORE This partnership between the two Singapore firms aims to help accelerate corporates’ journey to carbon neutrality. OCBC Bank and MetaVerse Green Exchange (MVGX), a digital green exchange licensed and regulated by the Monetary Authority of Singapore, have announced a strategic partnership to develop new green financing solutions aimed at accelerating large corporates’ journey to carbon neutrality. Scheduled to be launched later this year, these financing solutions will include tokenised carbon credits in the form of MVGX’s Carbon Neutrality Tokens (CNT™s), for large corporates to offset their carbon emissions, simplifying their path to carbon neutrality. An independent party will verify the expected carbon emissions from projects utilising these financing solutions, to calculate the corresponding carbon credits required. MVGX’s CNT™s are supported by MVGX’s proprietary Non-Fungible Digital Twin (NFDT™) distributed ledger technology that provides corporates a verifiable, immutable and constantly updated record of the carbon performance of the climate-action projects that they have invested in through these digital carbon credits. The partnership comes at an opportune time when carbon credits are becoming an increasingly popular solution for corporates after they have explored other decarbonisation options to achieve carbon neutrality. This is particularly important for companies in hard-to-abate industries such as shipping, steel and energy. By purchasing carbon credits, corporates are also investing in green projects such as reforestation and renewable energy that contribute to future decarbonisation. The Institute of International Finance’s Taskforce on Scaling Voluntary Carbon Markets estimates that the global demand for carbon credits could increase fifteen-fold by 2030. The ability to properly account for and track carbon credits under existing systems has resulted in challenges which have prevented uptake and impact at scale, such as double counting and the difficulties involved with cross-border carbon trading. The CNT™s provided in the new green financing solutions can mitigate these challenges by providing businesses with a reliable and accurate view of their emissions and offsets. “We hope to accelerate these efforts by providing financing solutions with tokenised carbon credits, and expand the reach of private-sector finance in areas and sectors most crucial in mitigating climate change.” Elaine Lam Ms Elaine Lam, Head, Global Corporate Banking, OCBC Bank, said: “With the recently released report by the United Nations' Intergovernmental Panel on Climate Change (IPCC), there will be increased urgency in corporates' transition to a low carbon future by cutting down greenhouse gas emissions. We hope to accelerate these efforts by providing financing solutions with tokenised carbon credits, and expand the reach of private-sector finance in areas and sectors most crucial in mitigating climate change.” This partnership underscores the Bank’s commitment to combating climate change and supporting customers in their journey to carbon neutrality, by seizing growth opportunities in green and sustainable financing. By end-2021, the Bank had extended over $34 billion in sustainable financing to customers, surpassing its original target of S$25 billion by 2025 four years ahead of schedule. A new target of S$50 billion in sustainable financing commitments by 2050 has been established. Commenting on the company’s landmark partnership, MVGX Executive Chairman and Co-Founder Bo Bai, said: “Despite the best intentions, governments and businesses around the world have come to realise the limitations of the current systems for tracking and neutralising carbon emissions. Thankfully, there is now a greater urgency to embrace new solutions that leverage technology to promote carbon reduction and finance green initiatives. By joining forces with Southeast Asia’s second-largest bank, we have the opportunity to advance our sustainability ambitions and fast-track our nation’s goal of achieving Singapore’s 2030 Green Plan. We are excited to be building the bridge between green investments in traditional finance and the global carbon trading markets of the future through green digital assets.” Last year, MVGX launched its first batch of CNT™s ahead of COP26 in Glasgow. These asset-backed tokens were tied to carbon credits generated by a wind project in Zhangjiakou, China that was verified and registered with China’s National Carbon Registry. The first tranche of 5,000 carbon credits was sold to a Hong Kong-based private equity firm last year, lowering barriers to access ESG assets for retail and institutional investors in Asia Pacific. Pictured from left to right are: Mr Gabriel Wong, Co-Founder of MVGX; Dr Bo Bai, Executive Chairman and Co-Founder of MVGX; Mr Lee Shyong, Managing Director, Partnership & Innovation of OCBC Bank; and Ms Elaine Lam, Head, Global Corporate Banking of OCBC Bank. This partnership between OCBC Bank and MVGX to develop new green financing solutions with tokenised carbon credits will help accelerate large corporates’ journey to carbon neutrality. Media Queries Please contact: Dawn Sin corpcomms@ocbc.com
- ONEUNITED BANK JOINS WITH LENDISTRY TO OFFER SMALL BUSINESS LOANS NATIONWIDE
April 11, 2022. LOS ANGELES. The nation’s largest Black-owned bank, joins with Lendistry, a Black-led fintech, to provide small business loans to OneUnited Bank customers. OneUnited Bank, the nation’s largest Black-owned bank, joins with Lendistry, a Black-led fintech, to provide small business loans to OneUnited Bank customers. The Bank’s continuing mission is to close the racial wealth gap by providing a resource for term loans and non-revolving lines of credit to small businesses nationwide. As part of its mission, OneUnited Bank introduced its OneTransaction program and podcast to encourage Black Americans to focus on “one transaction” to close the wealth gap for their family. The six options include a profitable business, homeownership, savings & investments, an improved credit score, wills, and insurance. With Lendistry, the Bank can support customers who are business owners seeking funds to expand, buy an existing business or finance working capital. Lendistry is a Black-led fintech and a leader in providing equal access to capital for small business owners. Since 2015, minority, women and veteran-owned businesses have trusted Lendistry to help them grow. Lendistry offers funding for working capital, expansion, tenant/leasehold improvements, debt consolidation and to buy existing businesses. “We’re proud to expand our relationship in 2022 to offer small business loans to our customers nationwide” Teri Williams “We began our relationship with Lendistry in 2020 with the Paycheck Protection Program (PPP) and continued in 2021 with our OneTransaction Program,” states Teri Williams, OneUnited Bank President. “We’re proud to expand our relationship in 2022 to offer small business loans to our customers nationwide”. “Access to capital for the expansion of small businesses is what we do,” said Kerrington Eubanks, SVP of Strategic Partnerships for Lendistry. “We are happy to be a resource for OneUnited Bank’s small business customers to connect with us directly to explore new economic opportunities.” Lendistry is a resource for all OneUnited Bank customers for small business loans through OneUnited Bank’s online banking platform and highly rated mobile app. Business owners can access the resource, in our app or in online banking, even if their business does not have a business banking account with OneUnited Bank. Qualifications, terms, and conditions apply which are determined by Lendistry. For more information, please visit: www.oneunited.com/businessloan.
- Accelerating Asia announces Q1 investments into 13 startups across 10+ markets
May 5, 2022. SINGAPORE. International early-stage VC fund, Accelerating Asia has announced its latest round of investments today including nine new companies joining Cohort 6 of the flagship program and additional capital into four existing portfolio companies. International early-stage VC fund, Accelerating Asia has announced its latest round of investments today including nine new companies joining Cohort 6 of the flagship program and additional capital into four existing portfolio companies. The new investments take Accelerating Asia’s portfolio to 52 startups who have raised a total of over US$42M. Cohort 6 continues the portfolio’s trend of attracting early investor interest with ~US$1.5M in soft commitments received during month 1 of the program when access is reserved for Accelerating Asia’s network, adding to the $2.5M raised prior to joining the program. The new investments in Cohort 6 also have market traction and growth revenue with an average GMV of $100k per month and an average monthly recurring revenue of over $25k. “With the 9 new portfolio startups selected from 600 applicants and 4 follow-on investments, Accelerating Asia is excited to continue to invest in highly scalable pre-Series A startups that also have a positive impact in respective operating markets.” Amra Naidoo Cohort 6 startups have a market presence in 10+ countries in Southeast Asia, South Asia, North America and Europe and cover 8 verticals including proptech, marketplace, fintech, logistics, services, eCommerce and healthtech. The nine new startups also include 40% female co-founded startups - Tokban, 60+, relay.club, and Markopolo.ai, all of which have a female Chief Operating Officer or Chief Executive Officer and 80% of startups are also addressing Sustainable Development Goals. “With the 9 new portfolio startups selected from 600 applicants and 4 follow-on investments, Accelerating Asia is excited to continue to invest in highly scalable pre-Series A startups that also have a positive impact in respective operating markets. Since 2019, we’ve built up our portfolio of startups with investors coming to Accelerating Asia to gain early access to a pipeline of startups that combine profit with purpose,” Accelerating Asia General Partner Amra Naidoo said. “Our VC accelerator model ensures high potential founders have greater access to needed capital financing, mentoring and skill sets to enhance their growth trajectory and quickly become leaders in their respective verticals while also lowering the overall risk for our investors at an early stage. “With the new cohort, we add a second investment into Pakistan and India, with Godaam and 60+ joining Deaftawk and ProjectPro in the portfolio. We also broaden our geographical footprint by investing into Relay.Club and Nucredits which are serving Chinese customers and connecting to international markets,” Amra said. “In Bangladesh, the ecosystem is at a similar point to where Indonesia was 5-6 years ago and GDP growth is on track to be ~7% in 2022, making it one of the fastest growing economies regionally.” Craig Bristol Dixon In Q1 2022 Accelerating Asia also made follow-on investments into Shuttle, Transtrack.ID, Numu and Giftpack, adding to the additional investments into ProjectPro and iFarmer made in 2021. Accelerating Asia first invested in these six companies in 2020 and 2021, since then average monthly revenue has grown 332% and are projected to grow revenue to an average of over $16M this financial year. Since joining the portfolio, the startups have also launched new product offerings, signed new clients and optimised operations to sustain revenue growth and develop new income streams. In addition to investment from Accelerating Asia, these startups have raised from Cocoon Capital, the Indonesian Women Empowerment Fund ( an initiative of Moonshot Global & YCab Ventures), Draper Startup House Ventures Fund, HH VC Investments, Startup Bangladesh, Impact Collective and angels investors in Accelerating Asia’s fund. “We’re excited to continue to invest in our portfolio companies as they grow alongside leading institutional investors. There is significant market and investor demand for the portfolio especially in digitisation of transport and logistics networks with the industry at an inflection point in emerging economies like Bangladesh and Indonesia. With their fleet telematics solution and the founding team’s extensive industry experience, TransTRACK.id is well placed to capitalise on the growth of the freight and logistics market which is expected to be worth US$383B by 2023,” said Accelerating Asia General Partner Craig Bristol Dixon. “In Bangladesh, the ecosystem is at a similar point to where Indonesia was 5-6 years ago and GDP growth is on track to be ~7% in 2022, making it one of the fastest growing economies regionally. We first started investing in Bangladesh in 2019 as one of the first international VCs, since then investor interest into our portfolio has increased. For example, Shuttle has successfully grown from starting as a safe transportation solution for women to expanding its serve to include B2B offerings for companies and more routes.” Craig said. Accelerating Asia launched Fund II in 2021, Cohort 6 are the second batch of investments for Fund II which will deploy capital across Southeast and South Asia pre-Series A startups. If you’re an accredited investor who is looking to gain access to qualified deal flow and contribute to Accelerating Asia’s to build the best pre-Series A startups in the region, reach out to the Accelerating Asia team for more information about investing alongside us. The invite only Demo Day for Cohort 6 will be held on June 30, more information on how to apply to attend can be found here
- BURSA MALAYSIA NAMED ‘BEST STOCK EXCHANGE FORISLAMIC LISTINGS’ AT THE ISLAMIC FINANCE NEWS AWARDS
March 31, 2022. KUALA LUMPUR. Bursa Malaysia Berhad (“Bursa Malaysia or the Exchange”) has been named ‘Best Stock Exchange for Islamic Listings’ by Islamic Finance News (“IFN”) at the 15 th and 16th Annual IFN Service Providers Poll, which was announced at the IFN Award Ceremony 2022 yesterday, 30 March 2022. The ‘Best Stock Exchange for Islamic Listings’ category was first introduced in 2018 to recognise the most outstanding stock exchange for the listing of Shariah-compliant securities in an enabling and conducive ecosystem. This is the fourth consecutive year Bursa Malaysia has emerged as the winner of this category, making it the Leading Exchange in the Islamic capital market. “We are honoured to receive this Award, as it reflects Bursa Malaysia’s strength and competitive edge in the Islamic finance space,” said Datuk Muhamad Umar Swift, CEO of Bursa Malaysia. “Notwithstanding the challenges posed by the global pandemic, we remain steadfast in ensuring our markets stayed open and accessible to continue to attract more listings of Islamic instruments and increase investor participation in the Islamic capital market.” Bursa Malaysia offers a wide breadth of Shariah-compliant securities that are listed on the Main, ACE and LEAP markets. As at end February 2022, Shariah market capitalisation stood at RM1.2 trillion, which is 67.3 percent of the total market capitalisation of RM1.8 trillion. During the same period, 753 or 79.1 percent out of total 993 companies listed on Bursa Malaysia are Shariah-compliant and tradable on Bursa Malaysia-i, the world’s first end-to-end Shariahcompliant investing platform. Bursa Malaysia-i incorporates a full range of Shariah-compliant exchange-related facilities including listing, trading, clearing, settlement and depository services, augmenting Bursa Malaysia’s leadership as the global marketplace for Shariah listing and investments. Datuk Muhamad Umar Swift, CEO of Bursa Malaysia receiving the ‘Best Stock Exchange for Islamic Listings’ Award for 2020 (top image) and 2021 (bottom image) at the IFN Awards 2022 Ceremony held at EQ Hotel, Kuala Lumpur.
- Robinhood Reports First Quarter 2022 Results
April 28, 2022. MENLO PARK, Calif. Robinhood Markets, Inc. (“Robinhood”) (NASDAQ: HOOD) today announced financial results for the first quarter, which ended March 31, 2022. Total net revenues decreased 43% to $299 million, compared with $522 million in the first quarter of 2021. Transaction-based revenues decreased 48% to $218 million, compared with $420 million in the first quarter of 2021. Options decreased 36% to $127 million, compared with $198 million in the first quarter of 2021. Cryptocurrencies decreased 39% to $54 million, compared to $88 million in the first quarter of 2021. Equities decreased 73% to $36 million, compared with $133 million in the first quarter of 2021. Net loss was $392 million, or $0.45 per diluted share, compared with net loss of $1.4 billion, or $6.26 per diluted share in the first quarter of 2021. Share-based compensation expense totaled $220 million for the first quarter of 2022, compared with $9 million for the first quarter of 2021. Share-based compensation for the first quarter of 2021 related entirely to stock options; no expense relating to restricted stock units was recognized because our initial public offering had not yet occurred. Net loss for the first quarter of 2021 also included total expense of $1.5 billion associated with the change in fair value of convertible notes and warrants issued in February 2021. Adjusted EBITDA (non-GAAP) was negative $143 million, compared with positive $115 million in the first quarter of 2021. Net Cumulative Funded Accounts increased 27% to 22.8 million as of March 31, 2022, compared with 18.0 million as of March 31, 2021 as we added 7.1 million new funded accounts primarily driven by large customer interest in cryptocurrencies during the second quarter of 2021, and 0.7 million resurrected accounts, partially offset by 3.0 million churned accounts. On a sequential basis, Net Cumulative Funded Accounts increased slightly compared with 22.7 million as of December 31, 2021. Churn continues to improve and as a percentage of Net Cumulative Funded Accounts has reached one of the lowest quarterly rates we have seen in years. Monthly Active Users (MAU) decreased 10% to 15.9 million for March 2022, compared with 17.7 million for March 2021 during which we experienced high trading volumes and account sign-ups as well as high market volatility, particularly in certain sectors. On a sequential basis, MAU decreased 8% compared with 17.3 million for December 2021. The sequential decline was primarily attributable to users with lower balances, who are engaging less in the current market environment. Assets Under Custody (AUC) increased 15% to $93.1 billion as of March 31, 2022, compared with $80.9 billion as of March 31, 2021, as result of the growth in our user base. On a sequential basis, AUC decreased 5% compared with $98.0 billion as of December 31, 2021, primarily due to decreasing asset values in this market environment, partially offset by an increase in net deposits of 30%. Average Revenues Per User (ARPU) decreased 62% to $53, compared with $137 in the first quarter of 2021. On a sequential basis, ARPU decreased 18% compared with $64 in the fourth quarter of 2021. The decreases were primarily related to lower transaction-based revenue driven by the current market environment, which had a negative impact on the number of traders and notional trading volumes in all asset classes. Cash and cash equiva lents at March 31, 2022 totaled $6.2 billion, compared with $6.3 billion at March 31, 2021. “We're seeing our customers affected by the macroeconomic environment, which is reflected in our results this quarter.” Jason Warnick "We're seeing our customers affected by the macroeconomic environment, which is reflected in our results this quarter," said Jason Warnick, Chief Financial Officer of Robinhood Markets. "At the same time, we've also made progress on our long-term plans and continue to pursue them aggressively." "This quarter saw our product development engine gain velocity with the rollout of some of our most requested features and capabilities,” said Vlad Tenev, CEO and Co-Founder of Robinhood Markets. “With the introduction of the Robinhood Cash Card, the release of crypto wallets to all customers, the addition of new coins to our platform, and our agreement to acquire Ziglu Limited, we’ve made huge strides against our roadmap. Looking ahead, we have a suite of new products and services slated for release that we believe will excite and delight our customers.” Highlights Robinhood delivers major product developments In March, Robinhood introduced the Robinhood Cash Card - one of the few debit cards to offer rewards similar to what customers have come to expect from a credit card. With the Robinhood Cash Card, customers can round up their spending and receive weekly bonuses for them to invest in stock and crypto. For customers who direct-deposit their paychecks, they can access their money two days early and automatically set aside a portion of their paycheck to invest. Over time, additional features and capabilities will be added to the Cash Card - like Instant Savings, which will give customers discounts on items like gas and groceries. Robinhood also extended trading hours in March, with trading now available from 7 a.m. to 8 p.m. eastern time. This is the first step toward offering 24/7 trading and was one of the top-requested features of Robinhood advanced users. Just this week, Robinhood began rolling out Stock Lending, its fully-paid securities lending product, to a small set of customers. Through Stock Lending, customers have the opportunity to earn extra income on the stocks they already own, empowering them to put their investments to work for them and adding a new source of passive income to their portfolios. Robinhood makes significant strides in its crypto business At the beginning of April, Robinhood rolled out crypto wallets to the approximately two million customers on its waitlist and just this week completed the full roll-out to all customers. In addition, Robinhood recently added four new coins: Compound, Polygon, Solana, and Shiba Inu. New coins are one of the most frequently requested products from Robinhood customers and the company expects to add additional coins over time. Crypto customers will also benefit from Robinhood’s planned integration with the Lightning Network, which will power near-instantaneous Bitcoin transfers globally, with transaction fees of less than a penny. Eventually, this technology, once fully integrated, is expected to help accelerate Robinhood’s ability to serve Bitcoin remittances on a global scale - at virtually no cost - and will be important for international expansion. Robinhood is on track with its 2022 roadmap Last quarter, Robinhood announced an ambitious plan for 2022 focused on long-term investing, spending and savings, helping customers move money faster, and opening up its crypto platform to customers internationally. This month, Robinhood signed an agreement to acquire Ziglu Limited ("Ziglu"), a UK-based electronic money institution and crypto-asset firm, subject to regulatory approvals and other customary closing conditions. Ziglu's impressive team of deeply experienced financial services and crypto experts will help Robinhood accelerate its global expansion efforts and break down barriers for customers across the UK and Europe. Tax-advantaged retirement accounts remain on track, with the goal of providing early access to an initial set of customers later this year. Webcast and Conference Call Information Robinhood will host a conference call to discuss its results at 2 p.m. PT / 5 p.m. ET today, April 28, 2022. The live webcast of Robinhood's earnings conference call can be accessed at investors.robinhood.com, along with the earnings press release and accompanying slide presentation. Following the call, a replay and transcript will also be available at the same website. Monthly Metrics Reports and Financial Outlook Robinhood is going to start reporting certain limited purpose statistical and operational results on a monthly basis. The first report will cover the month of March 2022 (and each of the preceding 12 calendar months) and will be available on the afternoon of April 28, 2022. The report regarding April 2022 will be available in mid-May 2022. These monthly metrics reports ("Reports") will generally be presented without commentary and should be read together with our most recent quarterly and annual results and other filings with the U.S. Securities and Exchange Commission ("SEC"). Reports will be available for download from the “Overview” tab of our Investor Relations website. We expect that Reports regarding each of the first two months of each fiscal quarter will be available around the middle of the following month. We expect that the Report regarding the third month of each fiscal quarter will be available shortly after our quarterly earnings are announced regarding that completed quarter. Anyone who would like to receive an automatic email alert whenever a new Report is available may sign up on the "Resources" tab of our Investor Relations website. With this change, we no longer intend to provide revenue guidance. Previously we shared that, for fiscal year 2022, we expected total operating expenses, excluding share-based compensation, to increase 15%–20% year-over-year and share-based compensation to decline 35%–40% year-over-year. As a result of our cost reduction initiatives (the “Cost Reduction Initiatives”), which include the reduction in force of approximately 9% of our full-time headcount announced on April 26, 2022 and a reduction to headcount targets for the year, we now expect total operating expenses, excluding share-based compensation, for full year 2022 to increase by approximately 2%–5% year-over-year and share-based compensation to decline by approximately 42%–47% year-over-year, in each case before giving effect to the restructuring impacts described below. Additionally, we anticipate recording a restructuring benefit of approximately $7–$19 million in the second quarter of 2022, composed of $17–$23 million of cash restructuring and related charges, offset by $30–$36 million from reversals of previously recognized share-based compensation. Actual results might differ materially from our outlook due to several factors, including the rate of growth in net new funded accounts which affects several costs including variable marketing costs, the degree to which we are successful in preventing fraud, our ability to manage web-hosting expenses efficiently, and our ability to achieve productivity improvements in customer service, among other factors. About Robinhood Robinhood Markets is on a mission to democratize finance for all. With Robinhood, people can invest with no account minimums through Robinhood Financial, LLC, buy and sell crypto through Robinhood Crypto, LLC, spend, save, and earn rewards through Robinhood Money, LLC, and learn about investing through easy-to-understand educational content. Robinhood intends to use the "Overview" tab of its Investor Relations website and its blog, Under the Hood, as means of disclosing material information to the public in a broad, non-exclusionary manner for purposes of the SEC’s Regulation Fair Disclosure (Reg. FD). The Overview page can be accessed at investors.robinhood.com/overview and Under the Hood can be accessed at blog.robinhood.com and investors should routinely monitor those web pages, in addition to Robinhood’s press releases, SEC filings, and public conference calls and webcasts, as information posted on them could be deemed to be material information. "Robinhood" and the Robinhood feather logo are registered trademarks of Robinhood Markets, Inc. All other names are trademarks and/or registered trademarks of their respective owners. Contacts Investors: Irvin Sha ir@robinhood.com Press: press@robinhood.com Link to press release: https://investors.robinhood.com/news/news-details/2022/Robinhood-Reports-First-Quarter-2022-Results/default.aspx
- CBA reports third quarter cash profits of $2.4 billion as the economic momentum remains strong
May 12, 2022. MELBOURNE. Disciplined execution on the Group’s strategy including continued growth across CommBank’s core banking businesses and sound credit quality underpinned the latest quarterly performance. Continuing focus on disciplined operational performance coupled with volume growth across the Group’s core banking businesses has seen Commonwealth Bank deliver an unaudited cash profit of $2.4 billion for the third quarter of the 2022 financial year. The Bank’s result included a steady operating performance and volume growth compared to the quarterly average of the first half of FY22. This was led by household and business deposits (up $8.5 billion and $2.2 billion respectively), home lending (up $6.9 billion) and business lending (up $3 billion). Operating expenses were 2 per cent lower. The outcome also reflected the continued improvement in economic conditions as the impact of the COVID-19 pandemic fades and investment picks-up, particularly in the business sector and as a consequence of higher government and consumer spending. “Looking ahead, we are well positioned to support business investment to build Australia’s future economy” Matt Comyn Matt Comyn, CBA’s CEO said: “The March quarter underlined the disciplined execution of the Group’s strategy, focused on our core banking franchises, which delivered continued volume growth, sound portfolio credit quality and ongoing support for our customers and communities, in particular to those most affected by extreme weather events in many parts of the country including the catastrophic East Coast floods and WA bushfires.” Another feature of the quarter was the Group’s strong balance sheet settings, a period in which CBA paid $3 billion in half-year dividends to shareholders, added Mr Comyn. As for the previously announced on-market share buy-back of up to $2 billion, this will be conducted across the remainder of the 2022 calendar year. In the meantime, CBA last week obtained regulatory approval from the China Banking and Insurance Regulatory Commission in respect of the partial sale of shares in the Bank of Hangzhou, a transaction that was disclosed in March. “Looking ahead, we are well positioned to support business investment to build Australia’s future economy,” said Mr Comyn. “Through disciplined execution of our strategic agenda, we will continue to deliver for our customers, communities and shareholders as we build tomorrow’s bank today.” Loan impairment expenses remained low in the quarter to 31 March 2022 with a lower level of troublesome and impaired assets as a proportion of Total Committed Exposures (TCE), down $200 million in the quarter to $6.6 billion or 0.51 per cent of TCE. Consumer arrears, as measured by payments by customers on personal loans, credit card borrowings and home loans that are outstanding by three months or more, remained low. Total credit provisions amounted to $5.7 billion as the group continues to adopt a cautious approach to managing potential risks, including higher interest rates, inflationary pressures and supply chain disruptions. “Through disciplined execution of our strategic agenda, we will continue to deliver for our customers, communities and shareholders as we build tomorrow’s bank today.” Matt Comyn The Group’s Common Equity Tier 1 (Level 2) ratio, which is the measurement used by regulators to gauge the financial strength of banks, stood at 11.1 per cent at the end of the quarter. This was down slightly since the half year result after taking into account the payment of $3 billion in dividends to the Group’s 870,000 shareholders. Operationally, the combination of growth and higher non-interest income, driven in part by Treasury earnings, helped offset a lower net interest margin (NIM) caused by elevated swap rates, mix effects and on-going lending competition. Volume growth saw business lending grow at ~1.5 times system during the 12 months to March, household and business deposits was above system and home lending in line with system.
- Thanks to Customer Loyalty, KPR BCA Reaches IDR 100 Trillion
May 12, 2022. JAKARTA. This achievement is proof of the loyalty of BCA's loyal customers in realizing their dream residence through KPR BCA. PT Bank Central Asia Tbk (BCA) managed to record the achievement of Home Ownership Loans (KPR) of Rp. 100 Trillion on April 22, 2022. This achievement is proof of the loyalty of BCA's loyal customers in realizing their dream residence through KPR BCA. To mark this special achievement, BCA held an inscription signing ceremony to capture this special moment by BCA President Director Jahja Setiaatmadja, BCA Vice President Director Suwignyo Budiman and BCA EVP Consumer Loan Felicia M. Simon in Jakarta some time ago. “We should be grateful for the accumulative achievement of the company's credit distribution through this Rp 100 trillion mortgage. We give our highest appreciation to all loyal BCA customers and to all BCA employees for their extraordinary performance which was not easy during this pandemic.” Suwignyo Budiman Jahja said, amid the challenges of the pandemic that has lasted for the past 2 years, the achievement of the company's credit distribution through KPR is a manifestation of BCA's commitment to providing the best service for customers in meeting various needs, especially housing. "We should be grateful for the accumulative achievement of the company's credit distribution through KPR of Rp. 100 trillion. We give our highest appreciation to all loyal BCA customers and to all BCA employees for their extraordinary performance which was not easy during this pandemic," said Suwignyo. Felicia menambahkan, KPR BCA akan selalu berupaya untuk menjadi perbankan pilihan utama masyarakat dalam penyaluran fasilitas KPR melalui: bunga yang kompetitif, pelayanan yang terbaik, kemudahan proses, serta pengembangan dalam hal teknologi dan produk seperti digitalisasi dan inovasi, sehingga Nasabah akan sangat dimudahkan dalam mengajukan KPR. KPR BCA Capai Rp 100 Triliun – Presiden Direktur BCA Jahja Setiaatmadja (kiri) bersama dengan EVP Consumer Loan BCA Felicia M. Simon (kanan) dalam seremoni penandatanganan prasasti pencapaian KPR BCA 100T pada beberapa waktu lalu. Pencapaian tersebut merupakan bukti dari loyalitas nasabah setia BCA dalam mewujudkan hunian impian melalui KPR BCA. Tentang PT Bank Central Asia Tbk (per 31 Maret 2022) BCA merupakan salah satu bank terkemuka di Indonesia yang fokus pada bisnis perbankan transaksi serta menyediakan fasilitas kredit dan solusi keuangan bagi segmen korporasi, komersial, UKM, dan konsumer. Pada akhir Maret 2022, BCA melayani sekitar 30 juta rekening nasabah dan memproses sekitar 60 juta transaksi setiap harinya, didukung oleh 1.241 kantor cabang, 18.050 ATM, serta layanan internet & mobile banking dan contact center Halo BCA yang dapat diakses 24 jam. Kehadiran BCA didukung oleh sejumlah entitas anak yang berfokus pada pembiayaan kendaraan, perbankan Syariah, sekuritas, asuransi umum dan jiwa, perbankan digital, pengiriman uang, dan pemodal ventura. BCA berkomitmen untuk membangun relasi jangka panjang dengan nasabah, mengutamakan kepentingan Bersama, dan menciptakan dampak positif pada masyarakat luas. Dengan lebih dari 25.000 karyawan, visi BCA adalah untuk menjadi bank pilihan utama andalan masyarakat yang berperan sebagai pilar penting perekonomian Indonesia. Untuk informasi lebih lanjut, dapat menghubungi: PT BANK CENTRAL ASIA TBK Divisi Sekretariat & Komunikasi Perusahaan Biro Hubungan Masyarakat Alamat : Jl. MH Thamrin No. 1 Menara BCA Lt. 20 Jakarta Pusat 10310 Telepon : (021) 2358-8000 Fax : (021) 2358-8339 E-mail : corcom_bca@bca.co.id
- Meta Reports First Quarter 2022 Results
April 27, 2022 MENLO PARK, Calif. /PRNewswire/ -- Meta Platforms, Inc. (Nasdaq: FB) today reported financial results for the quarter ended March 31, 2022. First Quarter 2022 Operational and Other Financial Highlights Family daily active people (DAP) – DAP was 2.87 billion on average for March 2022, an increase of 6% year-over-year. Family monthly active people (MAP) – MAP was 3.64 billion as of March 31, 2022, an increase of 6% year-over-year. Facebook daily active users (DAUs) – DAUs were 1.96 billion on average for March 2022, an increase of 4% year-over-year. Facebook monthly active users (MAUs) – MAUs were 2.94 billion as of March 31, 2022, an increase of 3% year-over-year. Ad impressions and price per ad – In the first quarter of 2022, ad impressions delivered across our Family of Apps increased by 15% year-over-year and the average price per ad decreased by 8% year-over-year. Capital expenditures – Capital expenditures, including principal payments on finance leases, were $5.55 billion for the first quarter of 2022. Share repurchases – We repurchased $9.39 billion of our Class A common stock in the first quarter of 2022. As of March 31, 2022, we had $29.41 billion available and authorized for repurchases. Cash and cash equivalents and marketable securities – Cash and cash equivalents and marketable securities were $43.89 billion as of March 31, 2022. Headcount – Headcount was 77,805 as of March 31, 2022, an increase of 28% year-over-year. CFO Outlook Commentary We expect second quarter 2022 total revenue to be in the range of $28-30 billion. This outlook reflects a continuation of the trends impacting revenue growth in the first quarter, including softness in the back half of the first quarter that coincided with the war in Ukraine. Our guidance assumes foreign currency will be approximately a 3% headwind to year-over-year growth in the second quarter, based on current exchange rates. In addition, as noted on previous calls, we continue to monitor developments regarding the viability of transatlantic data transfers and their potential impact on our European operations, and we are pleased with the progress on a political agreement. We expect 2022 total expenses to be in the range of $87-92 billion, lowered from our prior outlook of $90-95 billion. We expect 2022 expense growth to be driven primarily by the Family of Apps segment, followed by Reality Labs. We expect 2022 capital expenditures, including principal payments on finance leases, to be in the range of $29-34 billion, unchanged from our prior estimate. Absent any changes to U.S. tax law, we expect our full-year 2022 tax rate to be above the first quarter rate and in the high teens. "We made progress this quarter across a number of key company priorities and we remain confident in the long-term opportunities and growth that our product roadmap will unlock," Mark Zuckerberg Webcast and Conference Call Information Meta will host a conference call to discuss the results at 2 p.m. PT / 5 p.m. ET today. The live webcast of Meta's earnings conference call can be accessed at investor.fb.com, along with the earnings press release, financial tables, and slide presentation. Meta uses the investor.fb.com and about.fb.com/news/ websites as well as Mark Zuckerberg's Facebook Page (facebook.com/zuck) and Instagram account (instagram.com/zuck) as means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD. Following the call, a replay will be available at the same website. A telephonic replay will be available for one week following the conference call at +1 (416) 626-4100 or +1 (800) 558-5253, conference ID 22016731. Transcripts of conference calls with publishing equity research analysts held today will also be posted to the investor.fb.com website. About Meta Meta builds technologies that help people connect, find communities, and grow businesses. When Facebook launched in 2004, it changed the way people connect. Apps like Messenger, Instagram and WhatsApp further empowered billions around the world. Now, Meta is moving beyond 2D screens toward immersive experiences like augmented and virtual reality to help build the next evolution in social technology. Contacts Investors: Deborah Crawford investor@fb.com / investor.fb.com Press: Ryan Moore press@fb.com / about.fb.com/news/ Link to Full Press Release https://investor.fb.com/investor-news/press-release-details/2022/Meta-Reports-First-Quarter-2022-Results/default.aspx
- 6th ASIA International Multidisciplinary Conference 2022
June 24-26, 2022. ONLINE. A multidisciplinary pathway to post covid digital transformation. CONNECTING ASIA is a global research network that brings together over 10,000 researchers from 42 countries. We aim to provide researchers with opportunities for learning and networking, while also contributing to the researcher community in a variety of ways. Since 2014, Connecting ASIA has provided full or partial funding to 42 PhD scholars, as well as research grants to over 200 research scholars to present their work at Connecting ASIA conferences and opportunities to publish their work in SCOPUS / ISI indexed journals. More than 7000 researchers have presented their work at Connecting ASIA conferences, and more than 5000 research articles have been published in SCOPUS/ISI indexed journals. With all of these contributions, Connecting ASIA anticipates continued growth in the future. We appreciate your support and contribution to this research network’s strengthening. We hope that as time passes, this bond will grow stronger. Vision CONNECTING ASIA aims to be a premier research and development organization in the Asian region, creating inter-organizational alliances targeted at developing and enhancing institutional and human resources capacities, providing quality services, and contributing to the emergence of a knowledge society on a sustainable basis. Mission Our mission is to establish and nurture alliances among prime institutions in academia, industry, government and society to foster impactful knowledge transfer and human capital development. Values We believe in four core values: Ethics, Trust, Development and Contribution. “Today the technology is rapidly evolving. The exchange of expertise has further stimulated exponential growth in the field of technology at this era of globalisation. Such phenomenal progress has revolutionised almost all areas of human life today.” Dr Imran Qureishi Conference Tracks Science, Technology, Engineering and Mathematics (STEM) Focus Areas: Civil Engineering, Mechanical Engineering, Chemical Engineering, Electrical Engineering, Energy, Marine Engineering, Information technology and Computer science, Bioinformatics, Geoinformatics and real states, Mathematics, Physics, Chemistry and related areas. Economics, Business And Management (EBM) Focus Areas: Economics, Business Management, Accounting and Finance, Management, Marketing, Technology Management, Human Resource Management, Operations Management and related areas. Social Sciences and Humanities (SSH) Focused Areas: Psychology, Education, Linguistics, Civilization and Law, Anthropology and related areas. Social Sciences and Humanities (SSH) Focused Areas: Psychology, Education, Linguistics, Civilization and Law, Anthropology and related areas. Life Sciences (LS) Focus Areas: Environmental Sciences, Biosciences, Pharmacy, Medical Sciences, Earth sciences, Geology, Agriculture, Anatomy, Genetics, Zoology and related areas.












