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Cheung Kong Graduate School of Business Convenes Leaders from Asia Pacific at "New Frameworks: RCEP's Critical Role in Driving the Asian Digital
BEIJING, June 24, 2022 /PRNewswire/ -- Six months after the Regional Comprehensive Economic Partnership (RCEP) came into force, Cheung Kong Graduate School of Business (CKGSB), in collaboration with Asia House, the Malaysian Chamber of Commerce in China and Indonesian Business School, Prasmul-Eli, hosted the webinar, "New Frameworks: RCEP's Critical Role in Driving the Asian Digital Economy" on June 22 to explore the impacts of the world's largest trade agreement and how it will shape the future of the region. The event featured Vietnam's Vice Minister of Industry and Trade, Tran Quoc Khanh, the Deputy Secretary-General for ASEAN Economic Community, Satvinder Singh, and CKGSB's Founding Dean and Professor of China Business and Globalization, Xiang Bing. Khanh, started with a speech outlining the significance of RCEP, saying, "It is the most comprehensive free-trade agreement ASEAN has ever signed. RCEP is also the first free-trade agreement that ASEAN have signed with a stand-alone chapter on ecommerce." Xiang following by saying, "China has been the largest trading partner of Korea for the past 18 years, Japan for 15 years, ASEAN and Australia for 13 years – so there is already very extensive integration of economies in the region. We have a great foundation for going forward." Singh was also optimistic, saying, "It is one of the most comprehensive forward looking, advanced free trade agreements that we have, not only in terms of market coverage, but in terms of the scope of issues it covers." Two panel discussions followed, diving deeper into how Southeast Asia will benefit from digitized and streamlined financial transactions and the resulting impact on data sharing and regional supply chains and how the agreement will facilitate trade and the growth of start-ups and small and medium-sized enterprises. Panelists included Li Haitao, Dean's Distinguished Chair Professor of Finance and Associate Dean at CKGSB; Vince Iswara, CEO and Co-Founder, DANA Indonesia, Treasurer at Indonesian Payment System Association (ASPI); Allan Gepty, The Philippines' Assistant Secretary for Industry Development and Trade Policy, Department of Trade and Industry; Hanim Hamzah Regional, Managing Partner at ZICO Law, Head of the Corporate M&A Practice at Roosdiono & Partners; Raymond Yee Woon Ming, Vice President for Customs and Regulatory Affairs, DHL Express Philippines; David Hardoon, Chief Data and AI Officer at Union Bank of the Philippines, Chief Data Officer at UnionDigital.
RESULT OF ANNUAL GENERAL MEETING HELD ON 23 JUNE 2022
TAIPEI, June 23, 2022 /PRNewswire/ -- GigaMedia Limited (NASDAQ: GIGM), a digital entertainment services provider, announces that at the Annual General Meeting ("AGM") of the Company held on 23 June 2022, all resolutions relating to the matters set out in the Notice of AGM dated 13 May 2022 were duly passed. Poll Results The results of the poll in respect of each of the resolutions put to vote at the AGM, as confirmed by scrutineer for the poll at the AGM, are as follow: Resolution 1 – Adoption of audited financial statements FOR AGAINST ABSTAIN No. of votes % of total votes exercised at AGM No. of votes % of total votes exercised at AGM No. of votes % of total votes exercised at AGM 4,203,056 98.81 39,120 0.92 11,336 0.27 Resolution 2 – Approval of appointment of auditors FOR AGAINST ABSTAIN No. of votes % of total votes exercised at AGM No. of votes % of total votes exercised at AGM No. of votes % of total votes exercised at AGM 5,569,806 99.00 37,986 0.68 18,502 0.33 Resolution 3 –Approval of Directors' remuneration FOR AGAINST ABSTAIN No. of votes % of total votes exercised at AGM No. of votes % of total votes exercised at AGM No. of votes % of total votes exercised at AGM 4,153,742 97.65 91,792 2.16 7,978 0.19 Resolution 4 – Approval for authority to allot and issue shares FOR AGAINST ABSTAIN No. of votes % of total votes exercised at AGM No. of votes % of total votes exercised at AGM No. of votes % of total votes exercised at AGM 4,167,884 97.99 74,904 1.76 10,724 0.25 Resolution 5 – Approval for share purchase mandate FOR AGAINST ABSTAIN No. of votes % of total votes exercised at AGM No. of votes % of total votes exercised at AGM No. of votes % of total votes exercised at AGM 4,200,014 98.74 44,811 1.05 8,687 0.20 About GigaMedia Headquartered in Taipei, Taiwan, GigaMedia Limited (Singapore registration number: 199905474H) is a diversified provider of digital entertainment services in Taiwan and Hong Kong. GigaMedia's digital entertainment service business is an innovative leader in Asia with growing capabilities of development, distribution and operation of digital entertainments, as well as platform services for games with a focus on mobile games and casual games. More information on GigaMedia can be obtained from www.gigamedia.com.tw. The statements included above and elsewhere in this press release that are not historical in nature are "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. GigaMedia cautions readers that forward-looking statements are based on the company's current expectations and involve a number of risks and uncertainties. Actual results may differ materially from those contained in such forward-looking statements. Information as to certain factors that could cause actual results to vary can be found in GigaMedia's Annual Report on Form 20-F filed with the United States Securities and Exchange Commission in April 2022.
CityFALCON, the Spotify of financial content, raises $2m from a client, TBH, Holt, and Seedrs
LONDON, June 23, 2022 /PRNewswire/ -- London and Malta based fintech CityFALCON closed an equity fundraising campaign on Seedrs of £1.65m ($2m) to scale up the business and bring even more insightful products to market faster. CityFALCON's Malta office team hard at work On Seedrs, the leading UK private investment platform, CityFALCON has leveraged individual investors from their growing fanbase and onboarded institutional investors. Serial entrepreneurs took part in the round, including one that sold his last company for £500m. Moreover, eToro, the social investing network with over 27 million registered users globally, took a small position in the company. eToro is a client and powers its News tab with CityFALCON content, providing users with a quality contextual newsfeed to inform investment decisions and increase engagement. As further validation, The Holt Xchange, a global early-stage VC firm and platform in Canada, and Terance Butler Holdings (TBH), a property investment company in the UK, have both taken stakes. TBH's investment enhances their portfolio of high-growth, IP-based companies. Stephen Walker, Investment Director at TBH, said "We are excited to invest in CityFALCON at what we believe is a pivotal time for the company. Having gained traction, we believe now is the right moment for the company to scale up its sales & marketing effort whilst continuing to develop the product". Managing Partner at Holt Xchange, Elisabeth Laett, stated "The democratisation of financial information is the result of a global demand to access better education and deeper financial insights for a broader audience. We have been impressed with the team's mission at CityFALCON and pleased to further support them in this seed round". Overall, CityFALCON boasts 2300 existing investors, with 1200 coming on in this round, including new and repeat investors. Ruzbeh Bacha, CEO at CityFALCON, commented "We are grateful and very excited about this round, especially during these volatile and uncertain times. Our users, clients, and investors on Seedrs have been amazingly supportive". Seedrs' Kirsty Grant, chief investment officer, added "CityFALCON's raise far outstripped their original expectations and shows the investor demand for opportunities even amidst the current economic climate. We are happy to have been able to support them in their journey." About CityFALCON - Using AI and Big Data, CityFALCON personalises content feeds from thousands of financial sources with one paid subscription like Spotify does for music. Clients receive curated content, analytics, and insights via web, mobile, and API.
42% of AUM across private capital is managed by funds that have an active ESG policy
Demand For ESG Investment is Rising - Preqin ESG Report 2022 SINGAPORE, June 23, 2022 /PRNewswire/ -- Today Preqin, the global leader in alternative assets data, tools, and insights, has published its annual Environmental, Social, and Governance (ESG) report: ESG in Alternatives 2022: The Transparency Tipping Point. The report provides the latest insights on developments in the private markets ESG landscape. As of October 2021, Preqin has tracked $4.37tn of private capital assets under management (AUM) managed by firms that report being committed to ESG investing.* This represents 42% of total private capital AUM ($10.3tn). Private Equity and Venture Capital: AUM of funds reporting as ESG committed is at $2.26n, and the percentage of AUM under ESG commitments is 34% Private Debt: AUM of funds reporting as ESG committed is at $0.73tn, and the percentage of AUM under ESG commitments is 59% Real Estate: AUM of funds reporting as ESG committed is at $0.66tn, and the percentage of AUM under ESG commitments is 51% Infrastructure: AUM of funds reporting as ESG committed is at $0.61tn, and the percentage of AUM under ESG commitments is 64% Natural Resources: AUM of funds reporting as ESG committed is at $0.11tn, and the percentage of AUM under ESG commitments is 50% Jaclyn Bouchard, EVP, Head of ESG Solutions, at Preqin, says: "As ESG continues to embed into private capital markets, tracking managers' commitments is essential to inform investors who to select to achieve more sustainable portfolios. Private markets are at a transparency tipping point. High-quality and reliable ESG data is essential to move from vision to reality. The more transparent the industry is on ESG reporting, the better our data and analysis can be for the whole private markets lifecycle – it is a symbiotic relationship." #ENDS# Note to editors *Firms that Preqin mark as committed to ESG are filtered based on whether they have an ESG investment policy in place. Preqin does not currently track ESG-specific funds. About Preqin Preqin is the Home of AlternativesTM, the foremost provider of data, analysis, and insights to the alternatives industry. The company has pioneered rigorous methods of collecting private data for almost 20 years, enabling more than 170,000+ global professionals to streamline how they raise capital, source deals and investments, understand performance, and stay informed. For more information visit www.preqin.com. Or contact email@example.com for press enquiries.
DBS VANTAGE VISA INFINITE CARD LAUNCHES WITH BEST-IN-CLASS EARN RATES AND SLEW OF LIFESTYLE PRIVILEGES FOR AFFLUENT CUSTOMERS
Cardholders enjoy up to 4 mpd and can choose between cashback and miles for their rewards every month – a first-in-market feature SINGAPORE, June 23, 2022 /PRNewswire/ -- DBS has launched the much-awaited DBS Vantage Visa Infinite Card (DBS Vantage) for affluent customers who enjoy fine dining, luxury travel and above all, being generously rewarded for these experiences. Said Anthony Seow, Head of Payments & Platforms, DBS Consumer Banking Group (Singapore), "DBS Vantage represents some of the best offerings the market has to offer for affluent customers. With best-in-class earn rates and exclusive privileges for travel, dining, and petrol purchases, we believe DBS Vantage will quickly become an indispensable part of customers' lifestyles by providing access to top-notch experiences coupled with generous and flexible rewards." Best-in-class earn rates with no minimum spend With earn rates that are among the highest in the affluent segment, cardholders will be able to rapidly accumulate miles or cashback without needing to meet any minimum spends. Categories Miles per dollar (mpd) Cashback Local spending (No minimum spend) 1.5 mpd* 1.5 % Foreign currency/ overseas spending (No minimum spend) 2.2 mpd* 2.2 % Accelerated earn rate on dining and petrol till 31 Dec 2022 (capped at first SGD 2,000 spent per calendar month) 4 mpd 4 % *Best-in-class earn rate for affluent cards in Singapore Assuming a DBS Vantage cardholder spends SGD 5,000 per calendar month with SGD 3,000 on local spending, SGD 1,000 on foreign currency spending and SGD 1,000 on dining and petrol, they can expect to accumulate 35,700 in miles – more than enough for a flight to Bali. DBS Vantage Card Miles earned Local spending SGD 3,000 x 1.5 mpd = 4,500 Foreign currency spending SGD 1,000 x 2.2 mpd = 2,200 Dining and petrol (until 31 Dec 2022) SGD 1,000 x 4 mpd = 4,000 Signup/renewal miles 25,000 Total miles earned 35,700 Exclusive lifestyle privileges for travel and dining DBS Vantage's privileges are designed to treat cardholders with exclusive, luxury experiences wherever they are in the world. Accor Plus Explorer Membership: Complimentary 1 night's stay at over 1,000 affiliated Accor Hotels worldwide including Sofitel, Fairmont, Swissôtel, with up to 50% off dining at over 1,400 hotel restaurants across 20 countries Dining City access: Real time online table reservations at over 80 dining partners (including 10 Michelin-starred restaurants, and up to 50% off on restaurant deals Priority Pass™ membership: 10 free lounge visits within each membership year Unsurpassed rewards flexibility With DBS Vantage, cardholders can easily toggle between miles or cashback for their reward points every month via DBS digibank – a first-in-market feature. In addition, cardholders get 25,000 bonus miles upon signup or annual renewal, or waiver of the annual fee (SGD 550, exclusive of GST) when they spend more than SGD 60,000 in a year. "The launch of the DBS Visa Vantage affluent card is extremely timely, as we see the return of leisure travel. Based on our research, more than half of Singaporeans indicated that they are likely to travel for leisure in the next one year, and luxury accommodation and dining are the top two keywords search. Our data also shows an increase in cross-border spend by Singapore Visa cardholders of more than 300% compared to May 2021, which is evident as the world reopens and more travel restrictions start to ease for popular travel destinations. Singaporeans who apply for the DBS Visa Vantage card can now make use of the benefits for this card including the ability to earn up to 4% cashback or 4 miles per SGD 1 depending on cardholders' choice, priority pass at airport lounges, complimentary stay at over 1,000 accommodation choices and more," said Mr. Kunal Chatterjee, Visa Country Manager for Singapore & Brunei. To find out more or to apply for the DBS Vantage Card, please visit https://www.dbs.com.sg/personal/cards/credit-cards/dbs-vantage-visa-infinite-card. The card is open to applicants who are Singaporeans, Permanent Residents, or foreigners with an annual income of at least SGD 120,000. About DBS DBS is a leading financial services group in Asia with a presence in 18 markets. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank's "AA-" and "Aa1" credit ratings are among the highest in the world. Recognised for its global leadership, DBS has been named "World's Best Bank" by Euromoney, "Global Bank of the Year" by The Banker and "Best Bank in the World" by Global Finance. The bank is at the forefront of leveraging digital technology to shape the future of banking, having been named "World's Best Digital Bank" by Euromoney and the world's "Most Innovative in Digital Banking" by The Banker. In addition, DBS has been accorded the "Safest Bank in Asia" award by Global Finance for 13 consecutive years from 2009 to 2021. DBS provides a full range of services in consumer, SME and corporate banking. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region's most dynamic markets. DBS is committed to building lasting relationships with customers, as it banks the Asian way. Through the DBS Foundation, the bank creates impact beyond banking by supporting social enterprises: businesses with a double bottom-line of profit and social and/or environmental impact. DBS Foundation also gives back to society in various ways, including equipping communities with future-ready skills and building food resilience. With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. For more information, please visit www.dbs.com.
THE LEGENDARY LAGUNA, A LUXURY COLLECTION RESORT & SPA, NUSA DUA BALI RETURNS AFTER AN EXTENSIVE RENOVATION
The Transformed Oasis Offers Travelers Luxury, History, and Gastronomy in the Heart of Bali JAKARTA, Indonesia, June 23, 2022 /PRNewswire/ -- The Laguna, a Luxury Collection Resort & Spa, Nusa Dua Bali unveils a transformative journey that gracefully weaves architecture inspired by the surrounding nature and indigenous culture in the storied destination after undergoing an extensive renovation, in time for the G20 Summit. Built 30 years ago by Rajawali Property Group, The Laguna is the first international resort in Nusa Dua, portrayed as the cornerstone of Balinese hospitality, renowned for hosting foreign presidents and dignitaries from around the world. Main Lobby of The Laguna, A Luxury Collection Resort & Spa, Nusa Dua Bali "The heart of the remake of The Laguna, our very first in 2 decades, ensures that the next chapter of the resort's journey honors its rich indigenous heritage through stunning décor. Our timely decision to renovate The Laguna in the midst of a global pandemic was driven by our commitment to restore this historic icon and inspire others to rebuild Bali for the future," said Shirley Tan, Chief Executive Officer, Rajawali Property Group. "30 years ago, we welcomed the debut of The Luxury Collection brand to Bali, one of the most popular island destinations in Indonesia with the opening of The Laguna. Since then, the resort has offered treasured memories to discerning guests from all around the world. As we look ahead to the optimistic return of travel, we look forward to welcoming travelers to Bali and create memorable and distinctive experiences that are unique to this most sought-after destination," said Rajeev Menon, President, Asia Pacific (excluding Greater China), Marriott International The resort is an oasis with panoramic views of the Indian Ocean. The guestrooms, restaurants, and public areas have undergone a thoughtful restoration, along with an entirely revamped arrival and lobby experience amidst pristine gardens with centuries-old trees and lush greenery. As guests approach the resort's lobby, the chime of a gong (a traditional cymbal instrument used to welcome royal families) resonates, symbolizing the joy of welcoming a guest for an enriching experience throughout their stay. Elevated Nautical-Inspired Interiors The guestrooms have been refreshed with natural materials and inspired by the collective stories and traditions of Bali. Nautical elements take centerstage in the nuanced design, influenced by the resort's seven lagoons. A color palette of neutral earthy tones ensures a balance between traditional warmth and adds a modern touch throughout its 287 rooms, suites, and villas. Emblematic features such as a panel of Balinese sulaman embroidery seen in kebaya adorn the rooms' headboards; bespoke selection of lamps, shiplap walls, and leather detailing of a suitcase next to the bed all come together as a nod to travel and discovery, part of the DNA of The Luxury Collection. An Exquisite Epicurean Destination for Gourmands Banyubiru is a tribute to the unique traditional warung stalls in the villages, accompanied by the notable use of materials such as bamboo and rattan. The all-day dining restaurant offers breakfast and themed dinners. De Bale is a re-enactment of a quintessential Balinese village courtyard, where authentic and iconic experiences are created. Guests can look forward to a glass of jamu (a famed traditional drink infused with turmeric and ginger) upon arrival. As part of its evening ritual, De Bale will showcase village dances and storytelling for all guests. With a convivial ambiance, the theatrical lounge and bar also features an expansive entertainment terrace, perfect for hosting private events and coffee breaks during group meetings and functions. The regeneration of The Laguna is a testament to the long-standing partnership between Marriott International and Rajawali Property Group, which currently owns six Marriott properties as well as the ultra-modern Langkawi International Convention Centre (LICC), with a total of more than 1,157 rooms throughout properties in Malaysia and Indonesia. The latter's distinguished portfolio includes The St. Regis Bali Resort, The St. Regis Langkawi, and the anticipated opening of The St. Regis Jakarta. With more than 19 brands, Marriott International currently operates 59 hotels in Indonesia, with more hotels expected to open this year. Perfectly timed to coincide with the much-anticipated 2022 G20 Bali Summit, The Laguna is poised to welcome guests from around the world for all occasions from business meetings to special events with immersive luxury in the heart of Bali. For more information or to book a stay, please visit The Laguna, a Luxury Collection Resort & Spa About The Laguna, a Luxury Collection Resort & Spa, Nusa Dua, BaliNestled on Bali's pristine white sand beach of Nusa Dua with infinite Indian Ocean views, The Laguna, a Luxury Collection Resort & Spa, Nusa Dua, Bali boasts seven shimmering lagoon pools, one for each day of the week, and 287 guestrooms, suites and villas surrounding lush tropical gardens. Featuring an enchanting Lagoon Spa and state-of-the-art fitness center, contemporary indoor and outdoor meeting venues all complemented by the personalized touches of the Luxury Collection Concierge service, which curates its programs to unlock the true essence of Bali for global explorers. The Laguna Resort & Spa delivers a variety of dining options from around the world: Banyubiru for Pan-Asian and international cuisines, beachfront Arwana for unparalleled premium coastal cuisine showcasing fresh live seafood, oysters, sushi and the island's favorite Sunday Beach & BBQ Brunch. Cornerstone, a private wine room and Deli highlighting casual dining, homemade treats and daily specialties. Signature cocktails, wines, spirits, and light bites are on offer throughout the resort at Kul Kul Bar, De Bale Lounge & Bar and Sapphire Bar. For more information, please visit www.thelagunabali.com About The Luxury Collection® Hotels & Resorts The Luxury Collection®, part of Marriott International, Inc., is comprised of world-renowned hotels and resorts offering unique, authentic experiences that evoke lasting, treasured memories. For the global explorer, The Luxury Collection offers a gateway to the world's most exciting and desirable destinations. Each hotel and resort is a unique and cherished expression of its location; a portal to the destination's indigenous charms and treasures. Originated in 1906 under the CIGA® brand as a collection of Europe's most celebrated and iconic properties, today The Luxury Collection brand is a glittering ensemble of nearly 120 of the world's finest hotels and resorts in more than 35 countries and territories. All of these hotels, many of them centuries old, are internationally recognized as being among the world's finest. For more information and new openings, visit theluxurycollection.com or follow Twitter, Instagram and Facebook. The Luxury Collection is proud to participate in Marriott Bonvoy, the global travel program from Marriott International. The program offers members an extraordinary portfolio of global brands, exclusive experiences on Marriott Bonvoy Moments and unparalleled benefits including free nights and Elite status recognition. To enroll for free or for more information about the program, visit MarriottBonvoy.marriott.com. About Rajawali Property GroupRajawali Property Group is the real estate investment and development arm of Rajawali Group. Rajawali Group is one of Indonesia's largest investors. Driven by the philosophy of value creation, the Group has successfully engaged across a wide range of industries, including hotel & property, agriculture, mining, infrastructure, transportation, and media. Over the last three decades, the Group has built a solid reputation for strategic investments, including Indonesia's first privately-owned television network Rajawali Citra Televisi Indonesia (RCTI), the nation's first private mobile services operator PT XL Excelcomindo Pratama, and growing PT Express Transindo Utama into the country's second largest taxi operator by fleet size with a business model recognized by the United Nations Development Program (UNDP) as an effective poverty reduction program for emerging economies. The Group's track record in value creation includes the turnaround of PT Perusahaan Rokok Tjap Bentoel and partnering with the Government of Indonesia to significantly increase the shareholder value of the country's largest cement maker PT (Persero) Semen Gresik Tbk. As part of the Group's vision of a sustainable future for Indonesia and Asia, it established the Rajawali Foundation Institute for Asia and initiated the Harvard Kennedy School Indonesia Program to enhance research and education in public policy and governance issues.
Durability Technology Can Achieve Massive Reductions in the Carbon Footprint of Concrete Structures - Report by Penetron International
The cement industry contributes 8% of global CO2 emissions PENETRON report finds that the carbon footprint of concrete structures can be reduced by up to 65% by using an advanced crystalline admixture that reduces concrete permeability Advanced crystalline admixtures allow for greater concrete durability with less cement High durability concrete reduces approximately 90% of the carbon footprint related to the maintenance of concrete structures High CO2 emission membrane products continue to dominate the concrete waterproofing industry NEW YORK, June 23, 2022 /PRNewswire/ -- Construction stakeholders can reduce up to 65% of the carbon footprint of concrete by adopting a long-term view and extending the durability of the material, according to the 2022 Towards Zero Carbon Concrete report by PENETRON, a leading provider of crystalline waterproofing solutions. Reducing the usage of cement, one of the most carbon-intensive industrial materials accounting for 8% of global carbon emissions, is critical to achieving the world's CO2 reduction targets. The report finds that the durability of concrete poses the largest sustainability challenge in construction. Water is the main cause of concrete deterioration, with corrosion accounting for 80% of all damage. This leads to frequent and costly repairs or replacements, increasing the use of cement, other materials, and energy. The annual cost of repairing reinforced concrete structures near coastal areas is estimated to be $300 billion per year in the US and £755m in the UK. The report evaluates how integral waterproofing protection alone can cut up to 90% of the carbon footprint that comes from the maintenance and repair of concrete structures. Additionally, PENETRON estimates that using durable, waterproof concrete reduces a structure's carbon footprint by 50% or more by extending its service life. These findings are consistent with the ICRI Committee 160 that states the most effective sustainability strategy for concrete structures is to avoid the need for repairs. Eliminating high-emission liners and membranes, extending the life of concrete structures, avoiding costly repairs, and utilizing non-toxic products contribute to more sustainable construction projects. Jozef Van Beeck, Director at PENETRON International, commented, "Our report confirms how enhancing the durability of concrete is the most effective way to significantly reduce the carbon footprint of projects, which is very significant both at the construction stage and throughout the service life. Using permanent integral waterproofing solutions further reduces the need for maintenance while also accelerating construction schedules, again dramatically reducing the carbon footprint. "We encourage our industry to continue to strive for innovation and be more sustainable. However, we estimate that about 80% of global concrete protection is still dominated by unsustainable and inefficient solutions, such as membrane-type products or topical treatments, which are not only inefficient but actually increase a structure's carbon footprint. "There is an urgent need for the construction sector to further embrace advanced crystalline admixture technology that can effectively waterproof concrete and massively reduce the carbon footprint of projects." Major economies have pledged to achieve net zero in the public construction use of concrete and steel by 2050. The report highlights how the industry must now incorporate low carbon products and sustainable solutions into their projects, such as: Enabling smart designs to build more with less Building more durable structures to extend service life Driving the circular economy and recycling of building materials Specifying low carbon footprint solutions Incorporating cement alternatives (SCMs) in concrete mixes The report also urges the industry to reconsider the materials used in building downwards, which has grown highly popular in land-scarce cities. Conventional waterproofing membranes for underground structures have a heavy carbon footprint, with some reaching as much as 23 kilograms of CO2 per meter square, equivalent to almost three times the emissions from a gallon of gasoline. PENETRON estimates the removal of unsustainable membranes from these structures could cut sub-structure carbon footprints by up to 20%. For more information on the report, visit: https://www.penetron.com/sustainable-concrete  United States Environmental Protection Agency (EPA), Greenhouse Gas Emissions from a Typical Passenger Vehicle About PENETRON PENETRON provides an advanced crystalline technology that represents the industry's gold standard for permanent concrete protection. Active in 105 countries and with production facilities around the world, PENETRON offers products and technical support through a comprehensive network of distributors and subsidiaries. PENETRON is certified for the ISO 14001 environmental standard in the United States, while its products play a central role in helping projects around the world to achieve internationally recognized standards such as Leadership in Energy and Environmental Design (LEED). PENETRON products conform to international green building standards such as GREENGUARD Gold, Environmental Product Declaration (EPD), CDPH and Singapore Green Labelling Scheme (SGLS). They are completely free of volatile organic compounds (VOC) and non-toxic, making them ideal for potable water applications. PENETRON has proven track record on a number of landmark projects, such as Singapore's Gardens by the Bay and Jewel at Changi Airport; Vietnam's Sun Marina Town; China's Universal Beijing Resort; Australia's Gold Coast Desalination Plant; Indonesia's Menara Jakarta; US' Davisboro Water Pollution Control Plant; Mexico's Riviera Maya Nickelodeon Resort; Brazil's FIFA World Cup stadiums.
69% of Thailand's employees willing to forgo higher salaries or job promotions for work-life balance: Michael Page
BANGKOK, June 23, 2022 /PRNewswire/ -- Sparked by the global pandemic, the Great Resignation has been happening in Thailand for the past two years and will only intensify in 2022. There has been a wave of resignations in Thailand with a large portion (37%) of employees who have been at their current jobs for not more than two years and a significant 81% of employees looking for new career prospects over the next six months. Kristoffer Paludan, Regional Director of Michael Page Thailand Professional recruitment services firm, Michael Page Thailand, launched the 'Talent Trends 2022 Report', titled 'The Great X' which features prominent employment insights. While salaries and bonuses are still top motivators for candidates, the survey shows a swing towards non-monetary benefits. A significant 69% of respondents in Thailand are willing to forgo pay rise and/or promotion for better work-life balance, overall well-being, and happiness. Kristoffer Paludan, Regional Director of Michael Page Thailand, says, "Companies starting their digital transformation may find the learning curve steep. However, the pay-off is worth it in the long run. Embracing digital tools will be crucial in a world where remote-working has become the norm. Companies that have embraced digitisation have the advantage in a competitive talent landscape, as they will no longer be restricted by geography when hiring." As economies improve, companies cannot underestimate the psychological effect that merging "work" and "personal" life has had over the past two years. 82% of respondents want a hybrid work arrangement between working from home and the office. In addition, 61% of professionals in Thailand have asked or will consider asking about a company's DE&I policy at interviews and 33% say the lack of clear DE&I commitment would stop them from actively pursuing a job opportunity. The pandemic has also shifted priorities, 70% of candidates believe that mental health and well-being should play a part in employee performance and appraisals. Companies must create a positive culture in which employees at all levels feel appreciated. A significant number of employees has been found to not feel supported at work. 52% of respondents say that their workload has increased compared to before COVID-19. 86% believe that their company does not take active steps to ensure work-life balance. Companies need to change things and help employees work more efficiently.
ATIF Holdings Announces Investment in Phoenix Motor Inc. IPO
IRVINE, Calif., June 23, 2022 /PRNewswire/ -- ATIF Holdings Limited (Nasdaq: ATIF) (the "Company," "ATIF" or "We"), a holding company providing business and financial consulting services in Asia and North America, is pleased to announce that it has deepened its investments in emerging technology companies with an investment in Phoenix Motor Inc. (Nasdaq: PEV) an electric drive system and vehicle maker. Founded in 2003, Phoenix Motor designs, assembles, and integrates electric drive systems and electric vehicles (EVs), and markets and sells EV chargers for the commercial and residential markets. Phoenix Motors converts light- and medium-duty commercial vehicles into EVs for various service and government fleet markets and serves a broad spectrum of commercial fleet customers. Phoenix delivered its first commercial EV in 2014 and as of December 31, 2021, it has delivered a total of 104 EVs, consisting of 91 shuttle buses and 13 work and delivery trucks. It is currently in production of its third-generation drivetrain, which includes the largest battery pack and longest electric range for any Class 4 product on the market, offering up to 160 miles in range. Jun Liu, President, Chairman of the Board, and CEO of ATIF, commented, "We are excited to be an investor in Phoenix Motor Inc., based on my strong belief in their growth prospects. We routinely work with entrepreneurs and up-and-coming companies with compelling technologies. We believe that Phoenix Motor brings a unique value proposition to ATIF and its shareholders. I am happy that ATIF participated alongside the other investors in their IPO and look forward to their continued growth." About ATIF Holdings Limited ATIF Holdings Limited ("ATIF") is a holding group with business consulting, asset management, and investment businesses, with offices in Los Angeles, California, Hong Kong, and Shenzhen, China. ATIF mainly provides IPO Advisory Services to small and medium-sized enterprises in Asia and North America. ATIF has advised several enterprises in China in their plans to become publicly listed in the United States. ATIF was awarded the "Top 10 Best Listed Companies 2019" from the "Golden Bauhinia Award," the highest award in Hong Kong's financial and securities industry. For more information, please visit https://ir.atifchina.com/. To learn more about IPOEX, our financial services platform, please visit: https://www.ipoex.com/ For more information about NFTDPO, our NFT service division, please visit https://nftdpo.com/. Follow ATIF on Social Media: Twitter Facebook YouTube LinkedIn Instagram Forward-Looking Statements Certain statements made in this release are "forward looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words "estimates," "projected," "expects," "anticipates," "forecasts," "plans," "intends," "believes," "seeks," "may," "will," "should," "future," "propose" and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantee of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company's control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, are: future financial and operating results, including revenues, income, expenditures, cash balances and other financial items; ability to manage growth and expansion; current and future economic and political conditions; ability to compete in an industry with low barriers to entry; ability to obtain additional financing in the future to fund capital expenditures; ability to attract new clients, complete projects for clients, and further enhance brand recognition; ability to hire and retain qualified management personnel and key employees; trends and competition in the financial consulting services industry; a pandemic or epidemic; the occurrence of any event, change or other circumstances that could affect the Company's ability to continue successful development and launch of its NFT collection; the possibility that the Company may not succeed in developing its NFT platform and business due to, among other things, changes in the business environment, competition, changes in governmental regulation, or other economic and policy factors; the ability of the Company to continue compliance with the development of applicable regulatory regulations in connection with blockchain, digital assets and the NFT industry; the possibility that the Company's ongoing NFT services may be adversely affected by other economic, business, and/or competitive factors; and other factors listed in the Company's annual report on Form 20-F and other documents filed with the Securities and Exchange Commission. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions you that actual results may differ materially from the anticipated results expressed or implied by the forward-looking statements we make. You should not rely upon forward-looking statements as predictions of future events. Forward-looking statements represent our management's beliefs and assumptions only as of the date such statements are made. These forward-looking statements are made as of the date of this news release. For investor and media inquiries, please contact: In China:ATIF Holdings LimitedAnna HuangTel: +86-139-2726-7157Email: firstname.lastname@example.org In the United States:Strategic Investor Relations, LLCMatthew Abenante, IRCPresidentTel: 646-828-8710Email: email@example.com
With Inflation Soaring, Fintech Company CashD Redefines Pay Cycles for Workers
SYDNEY, June 22, 2022 /PRNewswire/ -- A B2B FinTech business established in Australia, CashD is redefining pay cycles, by enabling businesses to empower their workers to choose how and when they get paid. By bringing together banking, payroll, and finance, CashD is a solution to traditional pay cycles that do not suit the on-demand needs of today's workers. As a B2B business, CashD works directly with employers to promote financial fairness and freedom for their employees. Eitan Neishlos Marcus Lasarow With inflation around the world increasing rapidly, CashD, cofounded by Marcus Lasarow, is enabling employees to get paid whenever it suits them, without having to wait for the end of the month. The company and its app are revolutionizing how companies pay employee salaries with the potential to dramatically impact the way in which we approach financial wellness, and planning. The company has recently brought in UAE based fintech investor and entrepreneur, Eitan Neishlos, as a principal investor. Neishlos joins the company with an impressive track record of socially responsible investment, and is supporting the startups' goal of aiding employees to access wages as earned and avoid high interest payday loans. CashD believes that when an employee earns money, they should have access to their money in real-time. While there are some existing perceived solutions to this problem, CashD is unlike any lender or bank. An employee can view their available balance and instantly withdraw at any time during the pay cycle, receiving the funds directly to their bank account or directly pay bills. It's not a loan, it's their cash. CashD has already made tremendous inroads in the Australian market. Today, hundreds of thousands of employees at dozens of leading companies have the ability to utilize their salary as it is earned. CashD's co-founder and CEO, Marcus Lasarow, "With inflation soaring, this type of financial flexibility is crucial. While this is a great step towards modernization in the way we approach salary and payroll, it is in reality a return to the values of enabling employees to have access to their wages as earned, using innovation to make this possible in today's world." New principal investor, Eitan Neishlos noted, "I share CashD's commitment to innovation geared towards having positive social impact. Their goal of empowering employees around the globe to have better financial wellbeing has the potential to revolutionize individual financial planning and credit. In this current environment, it has never been more important." For more information, please contact Ya'ara Hames-Ezra at firstname.lastname@example.org
CAITEC report - Multinationals in China: New Possibilities in Reshaping of Global Supply Chains
QINGDAO, China, June 22, 2022 /PRNewswire/ -- The 3rd Qingdao Multinationals Summit, co-organized by China's Ministry of Commerce and the Shandong provincial government, was held in Qingdao, East China's Shandong province, on June 19. The report, Multinationals in China: New possibilities in Reshaping of Global Supply Chains, compiled by the Chinese Academy of International Trade and Economic Cooperation (CAITEC), a consultative body directly under the aegis of the Ministry of Commerce, was published during the summit to elaborate on the opportunities afforded by changes to global supply chains amid a new situation, with topics on the reshaping of global supply chains, the investment confidence of multinational companies in China, the role of China in global supply chains, and how China would fit in to the evolving global supply chain structure in the future. According to the report, despite the accelerated restructuring of global supply chains, multinationals still see China as an important destination for global investment due to its strong core competitive strengths with a mature industry supporting environment, huge headroom for market growth and high labor productivity. In 2020, FDI inflows into China's manufacturing sector declined to US$31 billion due to the pandemic. However, the amount increased 8.8% year-on-year to US$33.73 billion in 2021 following the government's success in COVID-19 prevention and control. The increase is 1.1 percentage points higher than the growth rate of global manufacturing FDI. Large foreign investment projects maintained rapid growth in China. Of the newly approved foreign investment or capital increase contracts, the number of large projects valued at more than US$100 million surged from 834 in 2019 to 1,177 in 2021, continuing double-digit growth for three consecutive years. Thanks to the improving investment structure, China's high-tech manufacturing sector sustained high growth with the support of foreign investment, accounting for over one-third of the total FDI, while the number of major foreign investment projects maintained double-digit growth for three years in a row. With rapid economic development, some central and western provinces and cities are emerging as new contributors to the manufacturing sector by attracting additional foreign investment. Multinationals witnessed an increase both in revenue and profits.
CKGSB's New Report Examines the Impact of the New Regional Comprehensive Economic Partnership (RCEP)
BEIJING, June 22, 2022 /PRNewswire/ -- Drawing from its extensive network of partners in Asia Pacific, China's leading business school Cheung Kong Graduate School of Business (CKGSB) publishes a new report – "RCEP: Can Multilateralism Lead to Economic Growth in Asia Pacific?" – to examine the impact of the Regional Comprehensive Economic Partnership (RCEP), which entered into force on January 1, 2022. Accounting for nearly a third of the world's population and almost 30% of global GDP, RCEP is expected to be the most consequential trade agreement in history. This report is one of the first to bring together insights from 20 experts across 10 RCEP member countries analyzing how the agreement will change the economic and political landscape in the 21st century. Contributors in the report represent leading schools like CKGSB, Chulalongkorn University and Prasmul-Eli; multilateral institutions like the Asian Development Bank; influential political figures like Indonesia's former Trade Minister, Japan's RCEP negotiator, Indonesia's Consul General in Shanghai, Philippine's Commercial Counsellor, and Australia's Commissioner to Greater China for Victoria; and senior leaders of successful companies like Alibaba Group, United Overseas Bank and Fortune Korea. The first section of the report discusses the geopolitical and economic shifts that will likely take place. The second section looks at the development of cross-border e-commerce and the establishment of a digital economy. The final section examines how tariff liberalization will expand trade between the member countries, sparking new sectors and elevating technical know-how. "RCEP represents Asia's response to an increasingly fractured world. Asia's proactive role in supporting globalization will also help increase its influence on the world stage," writes CKGSB Founding Dean, Xiang Bing. At a time when multilateralism is being challenged, will RCEP prove the skeptics wrong? Can it represent an opportunity to leverage liberalized trade and supply chain optimization while turbo-charging Asia Pacific's economies? Read the full report for free here. About CKGSB: Established in Beijing in November 2002, CKGSB is China's first privately-funded and research-driven business school. The school aims to cultivate transformative business leaders with a global vision, sense of social responsibility, innovative mindset, and ability to lead with empathy and compassion. Today, CKGSB stands apart for its full-time, world-class faculty, research excellence, China insights and unparalleled alumni network.
Mycronic evaluates listing Axxon
STOCKHOLM, June 22, 2022 /PRNewswire/ -- The Board of Mycronic AB (publ) has decided to investigate the possibility of listing Axxon, the core of the High Volume division, on the STAR market of the Shanghai stock exchange and floating a minority stake. If feasible, the listing could take place during 2024. Axxon has developed very successfully since Mycronic's acquisition in 2016. A net sales compound annual growth rate of 39 percent, with healthy profitability, has brought Axxon to a market leadership position in dispensing for the electronics industry. Axxon has largely operated independently as a Chinese company with its own IP, R&D and operations. By listing and floating a minority stake on the STAR market in Shanghai, Axxon would further strengthen its brand and market leadership position in China and the world. The STAR market is a highly liquid stock exchange focused on high tech companies, where trading is mainly driven by investment funds. "The reason for investigating a possible listing of Axxon on the STAR market of the Shanghai stock exchange is to create the best possible conditions for Axxon to realize its success and full potential, by being more independent and having the means for fast expansion", says Anders Lindqvist, Mycronic's President and CEO. For additional information, please contact:Anders LindqvistPresident and CEOTel: +46 8 638 52 00E-mail: email@example.com Sven Chetkovich Director Investor RelationsTel: +46 70 558 39 19E-mail: firstname.lastname@example.org Mycronic is obliged to publish this information in accordance with the EU Market Abuse Regulation. The information was submitted for publication through the contact persons stated above on June 22, 2022, at 2:00 p.m. CEST. About MycronicMycronic is a Swedish high-tech company engaged in the development, manufacture and marketing of production equipment with high precision and flexibility requirements for the electronics industry. Mycronic's headquarters are located in Täby, north of Stockholm and the Group has subsidiaries in China, France, Germany, Japan, the Netherlands, Singapore, South Korea, United Kingdom, United States and Vietnam. Mycronic is listed on Nasdaq Stockholm. www.mycronic.com This information was brought to you by Cision http://news.cision.com https://news.cision.com/mycronic-ab/r/mycronic-evaluates-listing-axxon,c3589141 The following files are available for download: https://mb.cision.com/Main/10432/3589141/1595481.pdf Press release (PDF)
Golden Path Acquisition Corporation Announces to Extend Deadline to Consummate Business Combination
NEW YORK, June 22, 2022 /PRNewswire/ -- Golden Path Acquisition Corporation (the "Company" or "Golden Path") (NASDAQ: GPCO) (the "Company") today announced that the Company's sponsor, Greenland Asset Management Corporation (the "Sponsor"), has deposited into the Company's trust account (the "Trust Account") an aggregate of $191,667, representing $0.033 per public share of the Company, in order to extend the period of time the Company has to consummate a business combination by one month to July 24, 2022. The Sponsor plans to extend such period of time additional eight times to complete its initial business combination as necessary, each by an additional one months, up to March 24, 2023, by depositing $191,667 each time and up to an aggregate amount of $1,533,333 into the Trust Account, representing up to an additional $0.267 per public share, in connection with such additional extensions. About Golden Path Acquisition Corporation The Company 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. While the Company may pursue an acquisition opportunity in any industry or sector, the Company intends to focus on businesses that have a connection to the Asian market. Forward-Looking Statements This press release contains statements that constitute "forward-looking statements". Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's registration statement and prospectus for the offering filed with the Securities and Exchange Commission ("SEC"). Copies are available on the SEC's website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law. Contact Shaosen Cheng Chief Executive Officerceo@goldenpath.cn
MIC Global Commences Underwriting at Lloyd's Through Syndicate 5183
NEW YORK, June 22, 2022 /PRNewswire/ -- MIC Global announces today that it has received approval for Lloyd's Syndicate 5183 to commence underwriting, effective immediately. Syndicate 5183 will be managed by Asta through Lloyd's syndicate in a box (SIAB) platform. Syndicate 5183 further cements MIC Global as an international leader in providing embedded insurance solutions to platform companies – a position which is further strengthened by the appointment of Erik Johnson as Senior Underwriting Manager in support of its objectives. Harry Croydon, CEO and Founder of MIC Global, said: "As a syndicate of Lloyd's, MIC Global can now offer companies highly rated, relevant, and affordable insurance products which can easily be embedded into their existing digital processes. This will accelerate the delivery of micro insurance products when and where customers need them, allowing access to cover that is not readily available through traditional insurance methods." Steve Haase, President of STP Insurance Services, LLC, a USA-based broker, spearheaded the organization of MIC Global's first two partnerships that will allow the company to underwrite business through Lloyds Syndicate 5183. The first partnership is with InsureTEK – a Loss Control as a Service (LCaaS) platform, that helps predict and prevent catastrophic water events before they happen. Michael P. Murphy, KM President, and CEO of InsureTEK comments: "When we were seeking a strategic partner to help us create an embedded cover for IoT water sensor systems, we searched the market for a company that understood the need to evolve in order to stay relevant. MIC Global brought an entrepreneur's spirit matched with a technical expertise that quite simply has become a cornerstone of our business. Their innovators and professionals are second to none in matching outside the box thinking with regulatory compliance." MIC Global's second account to be underwritten by Syndicate 5183 is h.way, a Hispanic-owned neobank built around the financial needs and issues facing the Hispanic community. Lionel Carrasco, Founder and CEO at h.way, said: "We have found that much of our customer base does not have health insurance. By partnering with MIC Global, we are helping our members get access to up to $1,000 for unexpected medical expenses as part of our h.way membership experience. MIC Global's value proposition clearly aligns with our company's purpose of providing equitable financial services and cultural-driven product innovation." Julian Tighe, CEO of Asta, adds: "We are delighted that MIC Global's Syndicate has received approval from Lloyd's to commence underwriting. Entry to Lloyd's allows MIC Global to greatly expand their reach. Collaborations like this are an excellent example of how Asta can assist forward-thinking organizations like MIC Global with accessing the Lloyd's market." Jamie Crystal, Executive Chairman of MIC Global, concludes: "We are thrilled to receive approval to provide embedded insurance solutions globally through our Lloyd's syndicate." For press enquiries or more information about MIC Global, visit https://www.micglobal.com or email Press@MICGlobal.com For more information about Asta, visit https://www.asta-uk.com
Top Investors Back FalconX as The Need For Reliable Execution & Institutional Conviction In Digital Assets Continues To Soar
GIC and B Capital Lead $150 Million Series D Funding Round, Valuing FalconX at $8 Billion SAN FRANCISCO, June 22, 2022 /PRNewswire/ -- FalconX, a digital assets platform for institutional investors, today announced a $150M Series D financing round, valuing the company at $8 billion. The round was led by GIC and B Capital, with participation from Thoma Bravo, Wellington Management, Adams Street Partners and Tiger Global Management. This venture round more than doubles the value of FalconX after its Series C raise in August 2021 that valued the company at $3.75 billion. FalconX has now raised $430 million+ from the world's leading investors, making it one of the most valuable crypto prime brokerages in the world. Momentum Is Strong Throughout Recent Market Stress Tests There has been a definitive flight to quality in both the public and private markets – with investors focused on strong, profitable and sustainable companies. In Q1 2022, FalconX had the strongest quarter of customer onboarding in the company's history, despite the volatile public and private markets. This growth is driven by demand from a diverse range of institutional market customers who are looking for a reliable execution platform in volatile crypto markets, capital efficiency to scale returns and strong risk management. "FalconX is one of the very few crypto prime brokerages who do not take on market risk, so we're not in conflict with our clients and their trading strategies. In light of recent market conditions, this is extremely valuable to our clients who demand a reliable market infrastructure provider. This investment is a validation of our client-first focus, the health and strength of the crypto industry, and the move towards digital asset transformation," said Raghu Yarlagadda, CEO and Founder of FalconX. FalconX At the Forefront of Digital Asset Transformation We are in the early stages of a shift towards digital asset transformation and crypto is the first use-case. Soon, every asset will go through a transformation, leverage tokenization and become truly global. This will unlock unparalleled value in industries where 24/7 liquidity and credit did not exist previously. From the world's largest hedge funds to fintech companies, boardrooms are focused on digital asset transformation. FalconX is driving this transformation by creating the underlying infrastructure required to not just access crypto but pave the way for traditional assets such as equities to be tokenized. "FalconX is a key liquidity provider for Apex Crypto and a key partner that contributes to best pricing," said Danny Rosenthal, CEO of Apex Crypto. "We are proud to partner with FalconX to provide strong markets for our customers, representing over 4.5 million cryptocurrency accounts, in a seamless and capital efficient manner. We look forward to our future with FalconX." Premier Talent Is Hungry to Be Involved in the Early Stages of Crypto While there has been a public narrative that the current hiring trend across the technology ecosystem is slowing down, FalconX's growth strategy remains unchanged. The company is currently hiring across departments. As one of the leading talent hubs in the world of crypto, the company recently announced the hiring of key executives like Suzy Walther (formerly of Carta) and Jon Kaplan (formerly of Pinterest). Because the crypto industry is well funded with more capital eager to engage, premier talent is hungry to be involved in these early stages. "We partner with companies that will have lasting impacts on the industries and customers they serve. As a tech-first digital asset infrastructure platform, FalconX provides a holistic product offering paired with unparalleled execution that supports over 70M+ transactions on a monthly basis. They are well-positioned to lead the ongoing institutional transition to digital assets for years to come," said Rashmi Gopinath, General Partner, B Capital. Last month, FalconX became the first CFTC-registered crypto-focused Swap Dealer and one of the first crypto-focused Primary Level Members of the International Swaps & Derivatives Association (ISDA). As a result of adhering to these regulatory and industry standards, U.S. institutions can now engage with this regulated product in a predictable and familiar way. To learn more or get started with FalconX today, visit https://falconx.io. About FalconX FalconX is a fully comprehensive digital asset platform that allows institutions to access and manage all of their crypto strategies through a single interface and seamless workflows, making it easy to execute trading, credit and clearing all in one place. FalconX's crypto-as-a-service offering powers leading banks, FinTech institutions and investment applications to easily add crypto to their product offerings with a goal of enabling the next billion users to enter the crypto space. The company is backed by investors including Accel, Adams Street Partners, Altimeter Capital, American Express Ventures, B Capital, GIC, Lightspeed Venture Partners, Sapphire Ventures, Thoma Bravo, Tiger Global Management and Wellington Management. FalconX has offices in Silicon Valley, New York, Chicago, Bengaluru and Malta. For more information visit falconx.io or follow them on Twitter and LinkedIn. MEDIA CONTACT: Kasey Christolos Next PR FalconX@nextpr.com
Ingenico, a Worldline brand, and DataMesh partner to offer advanced payment and commerce services to Australian merchants and retailers
SYDNEY and PARIS and SINGAPORE, June 22, 2022 /PRNewswire/ -- DataMesh group, the Sydney-based payment services software company and Ingenico, a Worldline brand today announces a strategic partnership to support DataMesh's growth strategy within the Australian payment ecosystem. As a part of the partnership, Ingenico has rolled out its latest Axium range of Android Smart Point Of Sale (POS) terminals to DataMesh's merchant and retailer network across Australia . In combination with Ingenico's DX8000 Android-based terminals and DataMesh's payment solution software, merchants iare offereda state-of-the-art frictionless payment solution, focusing on real-time transactions while maintaining the highest security levels, enabling acquirers to focus on the relationship with the merchants. For Ingenico, this partnership furthers its strategy to enable seamless payments and to continue to support the highly dynamic Australian market further cementing its position as an ecosystem enabler empowering commerce and retailers across all channels, simplifying payments and delivering innovative customer journeys. Commenting on the successful pilot between DataMesh and Ingenico, Anushka Weeratunga, Managing Director for Ingenico Pacific said: "We are delighted to form this long-term strategic partnership with DataMesh into the highly dynamic Australian market as well as support Datamesh with the full set of Ingenico's market leading capabilities. This is one of many milestones we look forward to delivering into the region in partnership with Datamesh." The partnership with Ingenico is bolstering DataMesh's ability to offer new capabilities to merchants as well as take away the burden put on acquiring banks processing transactions. DataMesh founder and CEO, Mark Nagy says of the partnership: "Ingenico is trusted amongst merchants and acquirers globally, so naturally this partnership helps us expand our offering and confidently seed our payments technology into new markets. At DataMesh, we are determined to make elegant and seamless solutions for all parties involved in financial payments, and we believe Ingenico shares this belief. We look forward to working with them over the course of this partnership." ABOUT WORLDLINE Worldline [Euronext: WLN] is a global leader in the payments industry and the technology partner of choice for merchants, banks and acquirers. Powered by 20,000 employees in more than 50 countries, Worldline provides its clients with sustainable, trusted and innovative solutions fostering their growth. Services offered by Worldline include instore and online commercial acquiring, highly secure payment transaction processing and numerous digital services. In 2021, Worldline generated a proforma revenue close to 4 billion euros. ABOUT DATAMESH DataMesh Group is an Australian based technology company with deep payments experience that has been focussed on revolutionising the current payment systems available to banks, acquirers, and merchants across the globe. DataMesh delivers next generation, fully integrated payment capabilities as well as a suite of unique, valuable customer insights and integration tools through its proprietary EMV compliant financial switching platform (UnifyTM). Unify is the world's most modern and powerful cloud and terrestrial-based financial switching solution available in the market today. The company has commenced its global roll out of its platform, creating a world-wide, interconnected network of processing capabilities that will be offered under an own or SAAS model. The systems are fully certified and PCI compliant.