Finance Archives - Page 56 of 75

Online Brokerage Tiger Brokers Kicks off Green Sustainability Efforts Through WWF-SINGAPORE Partnership

Tiger Brokers (Singapore) Pte. Ltd. (Tiger Brokers Singapore) today announced a partnership with World Wide Fund for Nature Singapore (WWF-Singapore) to promote green sustainability efforts in Singapore. Tiger Brokers, as the lead sponsor with WWF-Singapore, will be launching the first AR-mazing Tiger Trail at Gardens by the Bay on 26 February, to kickstart the company’s sustainability agenda in 2022.

WWF-Singapore’s AR-mazing Tiger Trail will feature a 3-part island-wide trail that focuses on tiger conservation and other key environmental causes impacting the planet today, using art as a vehicle to educate, spark discussion and action. Today, there are approximately 3,900 tigers left in the wild. According to WWF-Singapore, the overall tiger populations are declining and many are still at risk. In some areas of Southeast Asia such as Cambodia, Lao PDR and Vietnam within the last 25 years, tigers have completely disappeared.

Eng Thiam Choon, Chief Executive Officer, Tiger Brokers (Singapore), shared “Together with WWF-Singapore, we aim to raise global awareness of the importance of tiger conservation efforts globally and across Asia. Celebrating Tiger Brokers’ 8th anniversary this year, the year of the tiger and this initiative relates well with our brand identity and Tiger Mascot. More importantly, it kickstarts our journey as a force for good for the environment, society, and community at large.

As an innovative FinTech company, there is more we can do beyond just finance. Being one of the leading online brokerage companies, our focus lies in creating a better shared future for everyone. Since our inception seven years ago, we have been actively seeking ways to support people’s global investing strategies through cutting-edge technologies. Similarly, our collaboration with WWF-Singapore leverages technology to raise awareness and engagement on the importance of maintaining biodiversity and a balanced ecosystem.

We hope that the WWF-Singapore’s AR-mazing Tiger Trail campaign, featuring exceptional art pieces, will inspire individuals to do the right thing and raise awareness to protect our ecosystem. Together, we can do more to reverse the decline of wildlife than we can alone. Let’s immerse ourselves in the fascinating art world and empower more people to get involved in WWF-Singapore’s conservation work.”

“WWF-Singapore is thankful for the support from our esteemed partners such as Tiger Brokers, who have made the WWF-Singapore’s AR-mazing Tiger Trail possible. We hope that individuals and businesses will learn from this artistic trail and be inspired to play a more active role in tackling the climate crisis and protecting our natural biodiversity,” said Mr. R. Raghunathan, CEO of WWF-Singapore.

Putting on a Green Lens
Sustainability will continue to be a key agenda in Tiger Broker’s long-term strategy. As a first step, Tiger Brokers Singapore, in line with MAS’ Green FinTech agenda, will be applying a “Green Lens” on all its business operations.

Since its inception in 2014, the company has been focusing on reducing its carbon footprint and actively promoting green and sustainable development by using artificial intelligence to develop its internet platform and online financial applications, going paperless and using energy-saving infrastructure.

This has a significant impact given that Tiger Brokers as of the end of third quarter of 2021 has over 1.767 million account opening customers worldwide and over 612,000 deposit clients worldwide, all of which are conducted in a paperless way, eliminating the need for users to go to prepare physical documents and reducing carbon emissions because of not having to visit a physical office.

At the group level, Tiger Brokers will be expanding its Environmental, Social and Corporate Governance (ESG) research team, combining its own technology and business advantages around ESG, the company hopes to use its own strength to help support sustainable issues such as carbon neutrality transition.

Promoting Green Investment for the Future
Amidst growing awareness of ESG and understanding of the role investors play in supporting a shift towards sustainable development, Tiger Brokers aims to empower them to go beyond managing the ESG risks in their portfolios, to also create positive and measurable environmental impact from their investment activities.

Today, retail investors can easily access and invest in over 60 sustainable funds that are on Tiger Broker Singapore’s platform. This includes widely traded funds such as United Smart Sustainable Singapore Bond Fund and Fidelity Sustainable Asia Equity Fund. The company also aims to increase the number of sustainable funds substantially by 2022 by working closely with its partners.

“Retail investors have increasingly been wanting to do their part for planet earth and make a positive difference by investing in companies with higher Environmental, Social and Governance (ESG) ratings and business practices,” said Mr Eng.

Recent studies have shown that young investors (millennials and Gen X) are more likely to consider social responsibility alongside their other investment strategies. In a research conducted on ESG and Socially Responsible Investing (SRI), the majority of the financial advisors (69%) surveyed felt that SRI will play a larger role in their practices.

According to financial data provider Morningstar, investors globally poured $142.5 billion into sustainable funds in the fourth quarter of last year, 12 per cent up on the previous quarter. ESG assets may hit $53 trillion by 2025, a third of global AUM based on estimation from Bloomberg.

Tiger Brokers continues to support equity financing and serve the real economy. The company continues to support the development of green companies and help green companies raise funds and go public. In 2021, Tiger Brokers served as the underwriter for ATRenew Inc. and helped it get listed on the New York Stock Exchange. ATRenew Inc. became the “first ESG stock” in China, and its integrated low-carbon circular economy platform has been welcomed by many users in China.

“We are seeing a growing interest among investors investing in sustainable funds. Tiger Brokers Singapore will continue to evolve to become more lifestyle-centric, appealing to the young investors, and aligning with their interest in social responsibility and sustainability investing,” added Mr Eng.

The Tiger Trade mobile application is available for download on the Apple App Store and Google Play Store.

For media enquiries, please contact:
PRecious Communications for Tiger Brokers (Singapore)
Email: tiger@preciouscomms.com

This advertisement has not been reviewed by the Monetary Authority of Singapore.
Any views shared with Prospective Clients (“Prospects”) are suggestive in nature and on a sample basis only. This may also be predicated on assumptions that are made by Tiger Brokers (Singapore) Pte Ltd about the Prospects’ investment objectives and risk profile. Our suggestive and sample views extended to Prospects are not to be considered as recommendations made by the Company. Suggestions provided are also based on information that may be shared by the Prospects, the accuracy and comprehensiveness of which Tiger Brokers in not in a position to verify.

About Tiger Brokers (Singapore)
Tiger Brokers (Singapore) Pte Ltd (herein “Tiger Brokers”) may, to the extent permitted by law, participate or invest in other transactions with the issuer of the products referred to herein, perform services or solicit business from such issuers, and/or have a position or effect transactions in the securities or options thereof. The information herein is for recipient’s information only and not an offer to sell or a solicitation to buy. Any date or price information is indicative only and may be changed without prior notice. All opinions expressed and facts referred to herein are subject to change without notice. The information herein was obtained and derived from sources that we believe are reliable, but while reasonable care has been taken to ensure that stated facts are accurate and opinions are fair and reasonable, Tiger Brokers does not represent that it is accurate or complete and it should not be relied upon as such. The information expressed herein is current and does not constitute an offer, recommendation or solicitation, nor does it constitute any prediction of likely future stock performance. Investment involves risk. The price of investment instruments can and do fluctuate, and any individual instrument may experience upward or downward movements, and under certain circumstances may even become valueless. Past performance is not a guarantee of future results. In preparing this information, we did not take into account the investment objectives, financial situation or particular needs of any person or affiliated companies. Before making an investment decision, you should speak to a financial adviser to consider whether this information is appropriate to your needs, objectives and circumstances. Tiger Brokers assumes no fiduciary responsibility or liability for any consequences financial or otherwise arising from trading in securities if opinions and information in this document may be relied upon.

Society Pass (SoPa) Adds Vietnam’s Handycart To Its Next-Generation Digital Ecosystem and Loyalty Platform

Society Pass Incorporated (SoPa) (Nasdaq: SOPA), a leading Southeast Asian data-driven loyalty platform today, announced that it has acquired Dream Space Trading Company Limited (Dream Space), the operator of Handycart, a leading online grocery delivery service based in Hanoi, Vietnam. The newly acquired company will be integrated into SoPa’s F&B delivery vertical with SoPa’s existing merchant software platform #HOTTAB. Handycart founder and CEO, Seo Jun Ho, has been named Head of the new Business Unit managing both Handycart and #HOTTAB in Vietnam.

Founded in 2019, Handycart is an online grocery delivery app with its own fleet of delivery vehicles that focuses on servicing the Korean restaurant market and F&B sector in Hanoi. Korean food and pop-culture have taken Vietnam by storm, driven by the growing “Korean Wave”, a recent survey by market research firm Q&Me found that 58 percent of Vietnamese favor Korean cuisine.

Commenting on this strategic step, Ngo Thi Cham, SoPa Vietnam Country General Manager, said, “We are excited to welcome Handycart to our larger SoPa ecosystem which will enable it to harness our integrated marketing and technology proposition while also strengthening our collective senior management resources. We endeavour to combine the robust technology and operational efficiency of a specialty ecommerce brand like Handycart with our brand building experience. SoPa has witnessed, with our runaway success of Leflair, in Vietnam, that this move will lead to immediate returns in terms of cost optimisation and increased revenue generation. We are determined to increase merchant coverage to 500 restaurants in Hanoi by the end of 2022 and look to expand to HCMC in 3Q 2022.”

Leveraging on SoPa’s integrated technology platform to drive operational efficiencies and business performance Handycart will focus on dramatically increasing on-demand grocery shopping services to more consumers in the country, while empowering specialty F&B restaurants to transform business models and further tap into online markets.

Seo Jun Ho, CEO of Handycart said, “Handycart was established in 2019 with a mission of connecting Korean patrons seeking a taste of home through its established network of authentic Korean restaurants right here in Vietnam. Providing businesses with speedy access to authentic Korean products has helped us gather a loyal user base of over 3000 with more than 26,000 orders in 2021 alone. SoPa will now be able to accelerate Handycart’s growth given our well-established positioning as a go-to online grocery delivery service. Partnership with Society Pass will enable us to unlock growth opportunities within the industry and I am glad that Handycart can now avail itself of SoPa’s synergistic ecosystem.”

Vietnam has been one of the fastest-growing economies within SEA over the past two decades. The country’s e-commerce is growing tremendously, valued at 13.2 billion USD, it is expected to grow steadily from 2021 until 2025.

Focused on growing its operations in the VIP (Vietnam, Indonesia, and Philippines) markets, SoPa is an acquisition focused ecommerce holding company operating across 5 interconnected verticals (lifestyle, F&B, travel, merchant software and loyalty) with 6 unique business units connecting millions of consumers and thousands of merchants in Southeast Asia. Handycart is the group’s third acquisition in Vietnam following its acquisition of ecommerce marketplace Leflair and merchant POS and business app #HOTTAB.

About Society Pass
Society Pass is a loyalty and data marketing ecosystem that operates multiple e-commerce and lifestyle platforms across its key markets. Its business model focuses on collecting user data through the expected circulation of its universal loyalty points. It seamlessly connects consumers and merchants across multiple product and service categories fostering organic loyalty.

Since its inception, SoPa has amassed over 1.6 million registered consumers and over 3,500 registered merchants/brands on its platform. It has since invested 2+ years building proprietary IT architecture with cutting edge components to effectively scale and support its Platform’s consumers, merchants, and acquisitions.

Society Pass provides merchants with #HOTTAB Biz – a convenient order management app for business partners on SoPa.asia, and #HOTTAB POS – a specialized POS technology solution, a comprehensive system for payment, loyal customer management, user’s profile analytics, and convenient financial support packages for small and medium-sized enterprises. All tools offered above will allow businesses to attract and retain customers through personalized interaction based on analytics with a high profit margin.

In addition, SoPa operates Leflair.com, Vietnam’s leading lifestyle e-commerce platform, and Pushkart.ph, a popular grocery delivery company in Philippines. For more information, please check out: http://thesocietypass.com/

Media contact
PRecious Communications for SoPa
sopa@preciouscomms.com

G3 Global records highest revenue in Year 2021 on higher COVID-19 test kit distribution solutions

Turnaround expected by Q3, 2022 as the Group is positive on the outlook of ICT & Healthcare divisions

Artificial Intelligence specialist G3 Global Berhad (G3 Global or Group) completed its financial year ended 31 December 2021 (FY2021) on a positive note as the Group’s quarterly revenue surged to the highest level in over 4 years. The stellar performance of its new Healthcare division, where revenue increased by more than 700% quarter-on-quarter (q-o-q) due to stronger sales of COVID-19 antigen kits, propelled G3 Global closer to its turnaround target.

G3 Global, which also supplies Internet-of-Things (IoT) connected objects and deliver cloud-based data solutions, recorded a revenue of RM18.79 million in the fourth quarter of FY2021, representing a strong growth of more than eight-fold year-on-year (“y-o-y”). The Group had posted a revenue of RM2.29 million in the previous year corresponding quarter.

In terms of bottom-line performance, G3 Global registered a loss before tax of RM7.27 million in the fourth quarter of FY2021 as compared to a loss before tax of RM6.97 million a year earlier. The higher amount was due to the ongoing kitchen-sinking exercise undertaken by G3 Global for its Information, Communications and Technology (“ICT”) division, especially with regards to items related to past collaborations with Green Packet Berhad. This involved an impairment of RM2.9 million made on the amount owed by Green Packet Berhad for ICT products purchased from G3 Global as well as a write-off of inventories worth RM2.2 million relating to telematics and Internet of Things. Excluding the impairment and write-off, G3 Global would have reported a loss before tax of only RM2.2 million in the fourth quarter of FY2021.

As for the 12-month period ended 31 December 2021, G3 Global recorded a 57% jump in revenue to RM23.6 million compared to RM15.03 million previously, mainly driven by the Healthcare division. Meanwhile, the Group’s loss before tax has been successfully reduced to RM9.22 million in FY2021, down by 31% y-o-y from RM13.39 million.

It is noteworthy that the ICT division’s loss from operations in FY2021 declined by 13% y-o-y to RM11.69 million, following the cost-rationalisation exercise undertaken by G3 Global and its subsidiaries. On the other hand, the Healthcare division contributed a profit of RM2.48 million for the financial year ended 2021.

Mr. Dirk Quinten, Managing Director G3 Global Berhad said “G3 Global’s financial turnaround has picked up steam, especially after the diversification into the healthcare sector through the acquisition of a 51% stake in Bestinet Healthcare Sdn Bhd. The outlook for Bestinet Healthcare remains promising, with orders for 2 million test kits in hand. If the current momentum continues, the Group is on track to return to profitability by Q3, 2022. Given our involvement in COVID-19 antigen kit distribution solutions, G3 Global is a beneficiary of the robust demand for such self-testing kits amidst the spike in coronavirus cases in Malaysia.

In addition, with the expected recovery in the Malaysian economy this year, we are also positive that our ICT division will benefit from greater flow of projects. We are already receiving increased queries from existing and prospective clients, and this should translate into an improved performance for the ICT division.

Notwithstanding the impact from the current pandemic, the Group will continue to focus on (1) expanding the involvement in the healthcare sector and pursue key ICT projects, (2) increasing business development efforts to boost revenue and (3) corporate exercise to raise funds.

Moving forward, G3 Global will be spearheaded by a fresh board of directors, especially with new major shareholder Datuk Seri Aminul Islam Abdul Nor (better known as Datuk Seri Mohd Amin) on board.

In November 2021, Datuk Seri Mohd Amin had emerged as a major shareholder of G3 Global with a 25% stake, and was subsequently made an executive director of the Group. He is the founder and chairman of technology firm Bestinet Sdn Bhd, which provides information technology solutions for managing foreign labour for all stakeholders.

On 4 January 2022, former secretary-general of the Ministry of Education Dato’ Sri Alias bin Ahmad was appointed as Independent Non-Executive Director and Chairman. He succeeded Datuk Wan Khalik Bin Wan Muhammad, who served as G3 Global’s Executive Chairman previously.

It is important to note that Green Packet Bhd and Mr. Puan Chan Cheong are no longer related to G3 Global, as both parties have ceased to be substantial shareholders of the Group. G3 Global will be driven by a fresh mandate, with improved aspirations for further growth.

G3 Global is shifting its focus to artificial intelligence and other information technology-based healthcare solutions. Beyond the sales of COVID-19 test kits, the Group’s healthcare business will also explore the vast potential of artificial intelligence in healthcare, especially in the area of healthcare diagnosis.

Hektar REIT 2021 Performance: Weathering the Challenges

Achieved Revenue of RM96.6 million & Net Property Income of RM47 million
DPU of 2.53 sen, up 181%
Signs of recovery weighed by Omicron surge
Stepping up on sustainability measures & 3-star ESG rating by FTSE Russell

Hektar Asset Management Sdn. Bhd., the Manager of Hektar Real Estate Investment Trust (Hektar REIT), today announced Hektar REIT’s annual results for the financial year ended 31 December 2021 (FY2021) with revenue at RM96.60 million in FY2021, down by 13.1% compared to the same period in the preceding year. Property Operating Expenses reduced by RM8.59 million or savings of 14.8% compared to the previous year. Net Property Income (NPI) was reported at RM47.02 million, a decline of 11.2% compared with 2020. FY21 was a challenging year for the retail sector due to the COVID-19 pandemic and implementation of various Movement Control Orders, National Recovery Plan, mobility restrictions & closure of non-essential businesses for an extended period. Despite these challenges to the malls, the REIT managed to attract new & secured existing tenants covering 39.2% of Hektar REIT’s Net Lettable Area (NLA) in FY21.

One of Hektar REIT’s regional malls, Mahkota Parade, Melaka

For the fourth quarter ended 31 December 2021 (“4Q 2021”), Hektar REIT recorded revenue of RM24.98 million, which is 16.2% lower compared to the same quarter of the preceding year. Property Operating Expenses reduced by RM4.86 million or savings of 27.9% compared to the same quarter in the previous year. Hektar REIT registered net property income of RM12.38 million for the quarter under review, which is a slight increase of 0.2% compared to the corresponding quarter of the previous year, while realised income for 4Q 2021 was 185.5% higher at RM3.21 million compared to the RM1.12 million recorded in 4Q 2020.

The Manager noted that there are signs of recovery supported by the gradual reopening of the economy and it can also be seen in the steady rise in visitor footfall since the relaxation of restrictions by the Government. While Hektar REIT is cognisant of the economy’s improved growth trajectory supported by a recovering labour market, continued policy support and expansion in external demand, as well as the possible opening of international borders as early as the second quarter, the REIT is nevertheless retaining its cautious outlook in the face of the current wave of infections stemming from the Omicron strain.

Income Distribution
As earlier announced, Hektar REIT declared an income distribution of RM11.9 million for 4Q 2021, equivalent to 2.53 sen per unit or a DPU yield of 4.96%, which is 181% higher compared to the income distribution for the corresponding period in 2020. The COVID-19 pandemic has impacted the retail industry significantly and the REIT has also not been spared. However, we remain committed to steering our portfolio into recovery this year, barring any unforeseen circumstances despite future Variants of Concern (“VOC”) that might disrupt the overall recovery of the retail & economic sector.

Private Placement
During the quarter under review, Hektar REIT’s fund size increased to 471,260,178 units from 461,960,178 units arising from the private placement exercise announced on 15 November 2021. A total of 9.30 million units out of the total proposed private placement of 23.098 million units were subsequently placed out in two tranches in December 2021, raising RM4.23 million. The private placement was undertaken to raise funding for working capital and capital work in progress, facilitating Hektar REIT’s day-to-day operations as a whole by providing more flexibility in terms of cash flow management.

Sustainability Efforts
Hektar REIT remains committed to fulfill its obligation to ensure that all business activities are performed to high standards of Environmental, Social and Governance (ESG). Various energy utilisation and optimisation initiatives since 2017 have been put in place for all of its shopping malls, resulting in a significant reduction in greenhouse gas emissions (recorded as CO2e) and energy usage over the last five years. Despite the pandemic, reducing the environmental footprint of our assets and operations remain a priority. We managed to reduce the overall amount of CO2e emissions of our assets by about 11.6% to 18.8 million kgCO2e in 2021 from almost 21.3 million kgCO2e in 2020. Emissions intensity of our assets expressed as the amount of CO2e emitted per gross floor area (kgCO2e/sq.ft.) also improved to 4.0 kgCO2e/sq.ft. from 4.50 kgCO2e/sq.ft. in 2020. Overall, the portfolio’s Building Energy Intensity (“BEI”) is also on a declining trend. Hektar REIT is a constituent member of the FTSE4Good Bursa Malaysia Index and in its latest December 2021 evaluation, its ESG conduct has been recognised with a 3-star ESG rating by FTSE Russell.

For further information, please log on to www.bursamalaysia.com.

PLS Plantations Showcases Performance Improvement with a 340% Net Profit Increase

Year-on-year net profit for the financial period Q2FY2022 jumps by 4.4 timesKey Financial and Performance Highlights (Q2FY2022 versus Q2FY2021):

Profit after tax at RM9.97 million, up by 340% year-on-year
More than doubles revenue to date to RM57.26 million, up by 107.1%
Profit after tax margin more than doubles to 17.4%, up by 9.2%

PLS Plantations Berhad (PLS Plantations or the Company) today announced a 340% jump in the net profit for their second quarter financial performance for the period ended 31 December 2021 (Q2FY2022). The Company recorded a net profit after tax of RM9.97 million, a 4.4 times jump from RM2.26 million for the same quarter of the preceding year ended 31 December 2020 (Q2FY2021) on the back of higher revenue and managed costs.

For the same quarter, PLS Plantations’ profit before tax (“PBT”) stood at RM14.0 million, 265% higher compared to RM3.84 million posted for the same period, Q2FY2021, due to higher sales and an increase in the profit after tax margin of 17.4% up from 8.2% for the period. The surge in revenue and profit before tax were mainly attributed to the improved Fresh Fruit Bunches (“FFB”) selling price realised under the plantation segment, and the improved sales of frozen durian products under the manufacturing and trading segment to overseas customers. The Company, via its subsidiary continuously expanding their contracting and plantation development. Earnings per share stood at 1.77 sen (fully diluted) in Q2FY2022 compared to EPS of 0.33 sen in Q2FY2021.

PLS Plantations’ Executive Vice Chairman, Tan Sri Dato’ Lim Kang Hoo highlighted, “We continue to execute against our plans to turnaround the company. In addition to strengthening our operations and revenue streams, we are building up our land bank to position the company and capitalise on the booming demand for durians, from key import partners such as China, Australia, and the United States of America, to name a few. In addition, PLS will also be venturing into cash crops, agriculture and aquaculture through ventures to support country’s food sufficiency efforts.”

About PLS Plantations Berhad
PLS Plantations was incorporated in Malaysia in 1987 and was listed on the Second Board of Kuala Lumpur Stock Exchange in 1994. Currently listed on the Main Board of Bursa Malaysia Securities Berhad, PLS and its subsidiaries are involved in the management and operation of forest, oil palm and durian plantations, as well as the processing, distribution and sale of durian products.

Forward-Looking Statements
The statement included in this press release, other than statements of historical facts, are forward- looking statements. Forward-looking statement generally can be identified by the use of forward-looking terminology such as “may,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “plan,” “seek,” or “believe.” These forward-looking statements, which are subject to risks, uncertainties, and assumptions, may include projections of our future financial performance based on our growth strategies and anticipated trends in our business. These statements are only predictions based on our current expectations about future event. There are important factors that could cause our actual results, level of activity, performance, or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied by the forward-looking statement, including, but not limited to our ability to win additional business. Although we believe the expectations reflected in the forward- looking statements are reasonable, we cannot guarantee future result, level of activity, performance, or achievements. You should not rely upon forward- looking statements as predictions of future events. These forward-looking statements apply only as of the date of this press release; as such, they should not be unduly relied upon as circumstances change. Except as required by law, we are not obligated, and we undertake no obligation, to release publicly any revisions to these forward-looking statements that might reflect events or circumstances occurring after the date of this release or those that might reflect the occurrence of unanticipated events.

Media Contact:
Cheong Sue Fyenn
Narro Communications
E: suefyenn@narrocomms.com
T: +6016 910 7625

Synergy Group’s Collaboration with Malaysian State Government Agency To Achieve Green Initiative For an annual reduction of over 600,000 tons of CO2 emissions

Synergy Group Holdings International Limited, HKG: 1539 (Synergy Group or The Group)(1) signed a memorandum of understanding with Lembaga Perumahan dan Hartanah Selangor (LPHS)(2), a Malaysian government agency, and Odesi Ecob Sdn Bhd (ODESI)(3), a property technology company, last week to launch a green composite program in Selangor, Malaysia. The green composite program consists of two parts, the “Light Saving Program”, which focuses on lighting energy efficiencies, and “COVID Fighting Program” which focuses on reducing airborne bacteria by air quality treatment and COVID-19 transmission risk. The program is in line with Selangor’s initiatives to become a smart and sustainable city and is also compatible with the forthcoming approach to urban planning development in Selangor.

As the core green technology solution provider of the “Light Saving Program”, Synergy Group anticipates to install approximately six million LED lights over 6,000 condominiums in Selangor with energy performance contract. Synergy Group’s patented LED light has a 10 years lifespan and saves 50% more energy than traditional LED light in the market which will minimize product replacement costs and maximize savings.

“Synergy Group offers the most advanced, durable and sustainable LED lighting solution. For the period agreed, it is estimated that the ‘Light Saving Program’ will achieve an annual saving of MYR448 million (equivalent to approximately HKD840 million) with approximately 867 million kWh electricity savings. That is equivalent to a reduction of over 600,000 tons of CO2 emissions per year and represents planting over 10 million trees annually for 10 years.” The Group Chairman and Chief Executive Officer Mr. Mansfield Wong said.

Synergy Group has further collaborated with iCleanic Limited(4) in the implementation of the “COVID Fighting Program” in the same 6,000 condominiums in Selangor. iCleanic Limited is a Hong Kong-based company that provides sanitization solutions to eliminate the COVID-19 virus. Effectiveness of sanitization solution is tested by international professional organizations such as CMA Testing(5) for airborne bacteria elimination, and by the University of British Columbia for COVID-19 elimination as well. The program focuses on airborne bacteria reduction through air quality treatment and COVID-19 transmission risk in Selangor. Program effectiveness and safety is tested by CMA Testing(5) which is suitable and safe for all ages.

Selangor is visualized as a liveable smart city by 2025 in ASEAN. The Group aims to participate in the green initiatives of Malaysia in promoting green development and building a smarter, greener and safer city in Selangor

Media enquiries:
New Smile Limited Strategic IR & PR Consultancy
Tel: +852 2126 7076
Jenny Lai jenny.lai@newsmilehk.com
Jenny Cheung jenny.cheung@newsmilehk.com

Notes to editors:
1. Synergy Group Holdings International Limited (“Synergy Group” or “The Group”)
Founded in 2008, Synergy Group Holdings International Limited (HKG: 1539), is the first Energy Service Company (ESCO) to be listed on the Hong Kong Stock Exchange and one of the leading integrated energy saving and management solutions providers based in Hong Kong. The Group and its subsidiaries is principally engaged in design and customization, investment, installation and commissioning, operation and maintenance of (i) energy efficiency technology; (ii) renewable energy; and (iii) energy storage and distributed energy resources. Serving clients in over 20 countries, and with businesses in large multi-million projects in Malaysia, Indonesia and South Africa.

2. Lembaga Perumahan dan Hartanah Selangor (LPHS)
LPHS is a state government agency who is responsible for the planning and management of property developments in the state of Selangor.

3. Odesi Ecob Sdn Bhd (ODESI)
ODESI is in the business of Property Technology, supplying Strata Management Solution to the State Housing Ministry and Commissioner of Buildings.

4. iCLEANIC Limited
iCleanic Limited is a company incorporated in Hong Kong which provides sanitization
solutions.

5. CMA Testing
Established since 1979, CMA Testing, a subsidiary of The Chinese Manufacturers’ Association of Hong Kong, is a large-scale quality assurance center, specializes in testing, inspection and certification services. CMA Testing is also a third-party laboratory accredited by The Hong Kong Laboratory Accreditation Scheme (HOKLAS) and an inspection body accredited by The Hong Kong Inspection Agency Accreditation Scheme (HKIAS). CMA Testing’s global footprint spans over 12 countries in Asia, Middle East, Europe and North America.

Online Brokerage Tiger Brokers (Singapore) Makes It Easy for Users to Fund Their Investment Portfolio

Tiger Brokers (Singapore) Teams Up with Wise to Offer Remittance Directly to Trading Account in Singapore

Tiger Brokers (Singapore) Pte. Ltd. (Tiger Brokers Singapore) today announced a partnership with Wise, the global technology company building the best way to move money around the world, to offer investors cheaper and faster international money transfers to their trading account at Tiger Brokers Singapore.

With the new offering, Singapore investors will now be able to seamlessly transfer funds from their overseas bank accounts to Singapore Dollar (SGD) in real-time and execute trades on Tiger Trade app within minutes. Through the Tiger Trade app, users will be able to get the real exchange rate and see the fees upfront with no hidden costs. Additionally, transfers are fast – 45% of all transfers globally sent on Wise are instant (less than 20 seconds). These features not only help reduce transfer fees but also shorten the time needed to move funds between their bank accounts and trading account at Tiger Brokers Singapore.

Eng Thiam Choon, Chief Executive Officer, Tiger Brokers Singapore, shared, “We are excited to partner with Wise to be the first to offer investors a faster, cheaper and more convenient way to transfer directly to their trading account held with Tiger Brokers Singapore. As we grow, we want to find ways to make it easier and more efficient for investors to trade a wide range of securities across major global markets and currencies on our investment platform. Tiger Brokers has always been focused on creating a superior and seamless trading experience for investors on our online and mobile trading platforms, and our partnership with Wise, a global leader in money movement, is yet another step in this direction.”

Digital investment continues to be on a rise in South East Asia (SEA) and last year alone the region saw an increase in the number of users on investment platforms from 9 million in 2020 to 12 million in 2021. The region is expected to see 25 million users on digital investment platforms by 2025.

Vinay Palathinkal, Regional Head, Wise Platform, said: “At Wise, our mission is to make moving money faster, cheaper and more transparent for everyone, everywhere. As a customer-obsessed company, Wise shares Tiger Brokers’ vision for creating new, frictionless experiences for their customers and we’re thrilled to build this feature with them to enable quick and low-cost transfers with no exchange rate markups to their customers.”

Wise is a global tech company building the best way to move money around the world. Globally, 12 million people and businesses use Wise, which processes over GBP6 billion in cross-border transactions every month, saving customers over GBP1 billion a year.

The Tiger Trade mobile application is available for download on the Apple App Store and Google Play Store.
– Apple App Store: https://apps.apple.com/sg/app/id1023600494
– Google Play Store: https://play.google.com/store/apps/details?id=com.tigerbrokers.stock

For media enquiries, please contact:
PRecious Communications for Tiger Brokers (Singapore)
Email: tiger@preciouscomms.com

This advertisement has not been reviewed by the Monetary Authority of Singapore.

Any views shared with Prospective Clients (“Prospects”) are suggestive in nature and on a sample basis only. This may also be predicated on assumptions that are made by Tiger Brokers (Singapore) Pte Ltd about the Prospects’ investment objectives and risk profile. Our suggestive and sample views extended to Prospects are not to be considered as recommendations made by the Company. Suggestions provided are also based on information that may be shared by the Prospects, the accuracy and comprehensiveness of which Tiger Brokers in not in a position to verify.

About Tiger Brokers (Singapore)
Tiger Brokers (Singapore) Pte Ltd (herein “Tiger Brokers”) may, to the extent permitted by law, participate or invest in other transactions with the issuer of the products referred to herein, perform services or solicit business from such issuers, and/or have a position or effect transactions in the securities or options thereof. The information herein is for recipient’s information only and not an offer to sell or a solicitation to buy. Any date or price information is indicative only and may be changed without prior notice. All opinions expressed and facts referred to herein are subject to change without notice. The information herein was obtained and derived from sources that we believe are reliable, but while reasonable care has been taken to ensure that stated facts are accurate and opinions are fair and reasonable, Tiger Brokers does not represent that it is accurate or complete and it should not be relied upon as such. The information expressed herein is current and does not constitute an offer, recommendation or solicitation, nor does it constitute any prediction of likely future stock performance. Investment involves risk. The price of investment instruments can and do fluctuate, and any individual instrument may experience upward or downward movements, and under certain circumstances may even become valueless. Past performance is not a guarantee of future results. In preparing this information, we did not take into account the investment objectives, financial situation or particular needs of any person or affiliated companies. Before making an investment decision, you should speak to a financial adviser to consider whether this information is appropriate to your needs, objectives and circumstances. Tiger Brokers assumes no fiduciary responsibility or liability for any consequences financial or otherwise arising from trading in securities if opinions and information in this document may be relied upon.

About Wise
Wise is a global technology company, building the best way to move money around the world. With the Wise account people and businesses can hold more than 50 currencies, move money between countries and spend money abroad. Huge companies and banks use Wise technology too; an entirely new cross-border payments network that will one day power money without borders for everyone, everywhere. However you use the platform, Wise is on a mission to make your life easier and save you money.

Co-founded by Taavet Hinrikus and Kristo Kaarmann, Wise launched in 2011 under its original name TransferWise. It is one of the world’s fastest growing, profitable tech companies and is listed on the London Stock Exchange under the ticker, WISE.

12 million people and businesses use Wise, which processes over GBP6 billion in cross-border transactions every month, saving customers over GBP1 billion a year.

Society Pass (SoPa) Completes Acquisition of Pushkart.ph Expanding Southeast Asia Footprint

Society Pass (SoPa) endeavors to revolutionize the online grocery shopping market in Philippines through this strategic acquisition
E-commerce industry in the Philippines is witnessing exponential growth and is expected to be at US$40 billion in 2025
SoPa is now poised to bring amplified value to consumers by allowing them to experience hassle-free shopping anytime, anywhere they want through Pushkart.ph
The company aims to empower more existing and new merchants in Philippines to reach the online market by allowing them to transform their shops digitally

Society Pass Incorporated (Nasdaq: SOPA), a leading Southeast Asian data-driven loyalty platform today announced that it has acquired Pushkart.ph, a leading online grocery delivery service in Philippines. As a result of the acquisition, Pushkart.ph becomes a wholly owned subsidiary of SoPa. The move kicks-off SoPa’s expansion into the Philippines market. Leveraging on SoPa’s capital, Pushkart.ph will focus on dramatically increasing on-demand grocery shopping services to more consumers and more retailers initially to Metro Manila and then to all of Philippines, while empowering grocery stores and restaurants to transform business models and further tap into online markets.

The announcement comes at a time of accelerated rapid growth for delivery services in Philippines, with the internet economy expected to increase 24% from US$17 billion in 2021 to US$40 billion in 2025. Pushkart.ph is one of Philippines’ fastest growing e-commerce platforms, with a customer base of over 125,000 registered users, over 35,000 social media followers, and more than 20,000 mobile app downloads.

Commenting on this strategic step, Dennis Nguyen, Society Pass Founder, Chairman and Chief Executive Officer, said, “We are excited to combine the robust technology, retail and operational prowess of a high-performance brand like Pushkart.ph with our brand building experience. As the Phillipine consumer faces tremendous challenges with traditional brick and mortar shopping due to a plethora of hurdles including excessive wait times in traffic/public transport, SoPa aims to provide viable solutions by providing impetus to the growing e-commerce industry in the country. Given the immense potential of the Philippines market, we are very excited about the opportunities that this acquisition will bring in the upcoming months. In addition, as Philippines is a cornerstone of SoPa’s VIP (Vietnam, Indonesia, and Philippines) acquisition strategy, I expect to acquire a number of market leading companies in Philippines over the next few months.”

“We are very excited to announce our acquisition by Society Pass, this partnership provides us the opportunity to not only grow our presence in Philippines but further our lead in the grocery delivery business. We are excited to join the larger SoPa ecosystem which will enable us to harness its integrated marketing and technology proposition while also strengthening our collective senior management resources. We foresee that this will lead to immediate returns in terms of cost optimisation and increased revenue generation. With the capital provided by SoPa, Pushkart.ph will now be empowered to provide enhanced end to end solutions to our customers and ensure an amplified market presence,” said Michael Lim, CEO of Pushkart.ph.

Society Pass is leveraging technology to provide a more personalized experience for customers in the purchase journey, to help transform the entire retail value chain in SEA. Through the acquisition of market-leading companies and partnership with visionary entrepreneurs in five distinct verticals: loyalty, lifestyle, travel, food & beverage and merchant software, the company expects to meet the region’s growing demand for better and more convenient services. The acquisition is in line with SoPa’s core vertical focus and facilitates proliferation of its growth in Philippines while increasing consumer opportunities and delivering enhanced value. This move will also help tap the increasing digital penetration in the online grocery shopping space in the Philippines market.

The offering of this acquisition is of immense consequence to the end user with SoPa’s aggressive new plans for Pushkart.ph which include adding more hubs in key cities and regions and increasing its manpower. SoPa aims to expand Pushkart.ph’s technology offering, phenomenally increasing registered users to more than double to over 300,000 and driving app downloads to over 150,000 in 2022. Philippine consumers will be able to use Pushkart.ph app across 19 cities in Metro Manila with a guaranteed next day delivery service.

About Society Pass
Society Pass’ customer loyalty and analytics platform has onboarded hundreds of thousands of registered consumers. Society Pass provides merchants with SoPa.asia – an online commerce platform for users, alongside with #HOTTAB Biz – a convenient order management app for business partners on SoPa.asia, and #HOTTAB POS – a specialized POS technology solution, a comprehensive system for payment, loyal customer management, user’s profile analytics, and convenient financial support packages for small and medium-sized enterprises. All tools offered above will allow businesses to attract and retain customers through personalized interaction based on analytics with a high profit margin. In addition, SoPa operates Leflair.com, Vietnam’s leading lifestyle e-commerce platform.

SoPa is a loyalty and data marketing ecosystem that operates multiple e-commerce and lifestyle platforms across its key markets. Its business model focuses on collecting user data through the expected circulation of its universal loyalty points. It seamlessly connects consumers and merchants across multiple product and service categories fostering organic loyalty. From its launch in 2019, SoPa has amassed over 1.5 million registered users and over 3,500 registered merchants and brands. It has since invested 2+ years building proprietary IT architecture with cutting edge components to effectively scale and support its Platform’s consumers, merchants, and acquisitions. For more information, please check out: http://thesocietypass.com/

Media contact
PRecious Communications for SoPa
sopa@preciouscomms.com

General Dr. Uthai Shinawatra Signals Intent to Sign Billionaire Deal

In a move that is sure to excite finance-sector watchers the world over, General Dr. Uthai Shinawatra has taken an appointment to serve as the honorable advisor for Capital Trust Group Limited (CTG). General Dr. Uthai, the Former Deputy Permanent Secretary of Defense and Former Advisor to the Minister of the Interior of Thailand will thus grant CTG use of his signature on a Certificate of Performance for the Bitcoin Fund and Bluechip Stock Trading Challenges. These challenges, directed at 1.8 billion millennials around the world, and focusing especially on 400 million Chinese students, represent a major step forward for CTG.

(Bottom row, left to right) Mr. Preecha Or-prasert, Ms. Threephatcha Buldamrongzin, Gen Dr. Uthai Shinawatra, Lt. Gen. Chumporn Vichien

For his part, General Dr. Uthai will strictly limit the issuance number of the Certificates of Performance to 100 million, receiving compensation of $5 for each certificate with a maximum compensation of $500 million total per year over a 4-year period.

The Certificate of Performance signed-and-approved by General Dr. Uthai will be awarded to all Trader Applicants who participate in each trading challenge organized by Fortius Capital Foundation and promoted by Crypto Promoters whose trading accounts from each trading challenge have been profitable.

Each of 30,000 trading challenges will be promoted by Licensed Crypto Promoters (entrepreneurs who sign up for the Dubai Crypto Unicorn Accelerator Project to launch their own Bitcoin Funds and Bluechip Stock Trading Challenges earned from application fee and trade copying fee). There will also be a $39 fee per online issuance, except for the top three performers at each trading challenge. This is, appropriately, a way to recognize the most outstanding traders, while also including and encouraging all traders.

In addition to supporting the Certificates of Performance for the Bitcoin Fund and Bluechip Stock Trading Challenges, General Dr. Uthai’s digital signature will also appear on a “Certificate of Training” issued as part of a universally accessible, zero-tuition online course. The course, “How to Build an Investment Portfolio like Billionaires,” will walk students through some of the strategies favored by world-renowned financiers such as Chris Horn, Jim Simons, Ken Griffin, Steven Cohen, and Chase Coleman, experts whose assets under management total more than $500 billion.

Byung Jun Chun, UN Peace Ambassador, and Advisor to CTG have explained that this initiative will be a life-changer for many. In his own words: “Today, most of the 400 million Chinese students don’t have live experience trading bluechip stocks on major US stock exchanges, so we are delighted to partner with promoters through our online Bitcoin ETF x Blue-Chip Stocks Trading Challenge via live accounts. At the same time, we will be providing education on how to build investment portfolios like George Soros, Temasek Holding, AIA Group, or Yale University. This can potentially help change the students’ mindsets forever.”

For General Dr. Uthai, these initiatives seem appropriate, given his ongoing support of financial literacy education for the youth. He has spoken in the past about reducing global poverty by teaching more young people about finance. Long-term, General Dr. Uthai believes, programs such as this can enhance the Thai economy, increasing the standard of living within the country by improving product distribution and attracting new investments.

Mr. Jose Rivera Olalquiaga, Chairman of Fortius Capital Foundation, the Dubai-based Project license holder, has said of the working relationship, “We are proud to have General Uthai Shinawatra contribute his reputation to fully promote our Dubai Crypto Unicorn Accelerator Project. This project is not only potentially helping General Uthai to become the second billionaire from the Shinawatra family, but also helping Thailand to have a sustainable distribution channel of local Thai SME products representing more than 40% of Thailand’s GDP.”

To learn more about the free portfolio-building course, visit: www.fortiuscapitalfoundation.com/freecourse today.

https://fortiuscapital.medium.com/general-dr-uthai-shinawatra-signals-intent-to-sign-2-billion-deal-90658e224b61

Contact Info:
Name: Karen Farias
Phone number: +971503120199
Email: office@fortiuscapitalfoundation.com

SOURCE: Fortius Capital Foundation

Opal aims to assist SMEs by making business transactions more efficient in the new normal environment

Saves up to 40% in cost and access business named accounts for international payments with Opal’s newly launched Global Digital Business Account.

Opal, a Major Payment Institution (MPI) licensed by the Monetary Authority of Singapore (MAS) has launched a Global Digital Business Account for SMEs. This latest product offering from Opal will allow businesses access to a less costly and more convenient form of international payment and cross-border banking.

The Global Digital Business Account is an ideal financial tool for SMEs with global ambition and outreach. It provides named accounts to Opal’s customers, making it convenient for their customers to receive payments quickly in major markets such as the US, UK, EU, and others.

Opal’s new product offering also provides access to local payment networks in 21 countries. This allows payment to be made quickly and cheaply in countries such as the US, UK, Euro, China, and others. It provides easy access to these markets without the need to set up business operations in these territories.

Lim Ming Wang, Co-founder of Opal said, “We are aware SMEs face hurdles when it comes to business transactions on a global scale. They often face high charges and barriers such as unreasonable costs and delayed timings, while making payments or receive payments for their business. These issues are amplified in this post-covid era where cashflows need to unimpeded and every cost-saving is vital to a company’s financial health.”

He added “With the Global Digital Business Account, these issues are addressed and resolved. Our customers can operate almost like a local in various markets, with the same agility. It gives them the same advantage as larger MNCs and provide access to markets without the need to set-up business operations in multiple countries.”

The Opal Global Digital Business Account can receive funds from up to 33 different currencies and send funds via a local payment network for 21 currencies. With its ability to receive, send, hold and convert funds, it helps SMEs streamline their business transactions and enjoy greater efficiencies.

It will provide great value to SMEs around the region who need to collect, make international payment via local network, and hold funds in multiple currencies

About Opal
Opal is a neo bank designed to best serve companies with international trade or business with transparent, safe, and easy-to-use financial-business solutions. Opal is a leading provider of end-to-end, regulated payments and financial solutions based on robust, proprietary technology. Opal offers businesses a broad set of financial solutions (consisting of multicurrency global digital business accounts, cross-border payments to 180 countries, local payments, named accounts, escrow, and a suite of financing/credit products) to help clients meet their diverse needs in today’s ever-changing financial and business environment.

Opal is a leading provider of end-to-end, regulated payment solutions based on a robust, proven platform and proprietary technology. Opal is licensed as a Major Payment Institution (MPI) by the Monetary Authority of Singapore. For more information, please visit www.opalpayment.com