Trade Finance Archives - Page 6 of 6

The Bazaars Project launches peer-to-peer marketplace app to Exchange goods, vehicles or property for crypto

Exchange goods, vehicles, or property for crypto on Bazaars

The Bazaars Project has launched its peer-to-peer marketplace app in the Apple App and Google Play stores. The app allows users to buy and sell goods, property, and vehicles with cryptocurrency. This milestone is significant for the Bazaars Project’s mission to create a proof-of-stake blockchain network and a decentralized peer-to-peer marketplace.

“The crypto market value is more than $2 trillion. There are thousands of cryptocurrencies and most of their value so far has come from speculation and trading rather than their ability to be exchanged for any tangible goods or assets. The Bazaars Project is aiming to change this by providing a marketplace where people can buy and sell everyday products and valuable assets using cryptocurrency,” said Cryptomoe, founder of the Bazaars Project.

The Bazaars Project has also launched BZR, its ERC20 token. The token is now available on the Uniswap exchange, with other exchanges coming soon. Token holders will earn a percentage of the transaction fees collected from the Bazaars marketplace.

Future phases of the project will enable users to create and deploy smart contracts and decentralized apps individually or in groups without the need for a third party.

The Bazaars marketplace app is not bound by national or regional borders. Customers can shop securely and privately from any location. The Bazaars app does not collect, store, or track sensitive data. Users can register using their mobile phone numbers and email addresses and the app will only collect information required by the app stores.

“We believe in a world where anyone can buy products privately and securely, no matter where they live or what currency they use. Payments need to be easy, instant, and private. And the ability to trade needs to be in the hands of buyers and sellers,” added Cryptomoe. “The future of commerce is online, with crypto. Bazaars wants to help make crypto commerce a reality.”

The Bazaars marketplace is using Coinbase Commerce for payments. Its delivery and logistics partner is Aramex, a global provider based in the UAE, one of the worlds’ largest trading hubs.

About Bazaars Project
The Bazaars Project was established in September 2021. It was set up by a group of experienced entrepreneurs and investors to provide a proof-of-stake decentralized blockchain network to drive crypto commerce adoption worldwide. Visit https://bazaars.io to learn more.

Media Contact:
Raja Al Khatib, Chairwoman
The Bazaars Project
00447 787152900
info@bazaars.io

This press release is issued through Arab Newswire ( www.arabnewswire.com ) – a newswire service for the Arab World, Middle East and North Africa (MENA) – and is distributed by EmailWire(TM) ( www.emailwire.com ) – the global newswire service that provides Press release distribution with guaranteed results(TM).

Pertamina to expand geothermal capacity by implementing ESG

“Our expansive plan will help Indonesia to achieve the net zero emission target by 2060.”

Pertamina Geothermal Energy (PGE) has planned to expand its installed geothermal power plant capacity in order to provide greater contribution to the reduction of greenhouse gas emissions in Indonesia, and support achieving the sustainable development goals (SDGs) on climate action, through implementing Environmental, Social, & Governance (ESG) based programs.

PT Pertamina Geothermal Energy’s (PGE’s) geothermal power plant. [ANTARA/HO-PGE]

“Our expansive plan will help Indonesia to achieve a net zero emissions target by 2060,” said the Chief Financial Officer (CFO) of Pertamina Geothermal Energy, Nelwin Aldriansyah, during a discussion session at the UN Global Compact on responsible business conduct and climate ambition, held virtually on Wednesday, Nov 10.

The UN Global Compact is a “voluntary initiative based on CEO commitments to implementing universal sustainability principles, and taking steps to supporting UN goals. Pertamina reiterates its commitment to achieving SDGs through the implementation of Environmental, Social, and Governance (ESG) based programs in their operational areas.”

According to Aldriansyah, PGE is planning to issue its own wind green bonds in the first half of next year (2022) in addition to PT Pertamina’s plan to issue green bonds in 2022. “Proceedings of green bonds will be used to refinance our existing conventional loans and also to finance our capex (capital expenditure) plan in developing new geothermal projects in Indonesia,” he said.

With such an initiative, PGE would be expected to gain an additional 375 megawatts (MW) over the next four years, from the current installed capacity at its geothermal power plant of 672 MW.

“We are aiming to have a total installed capacity to 1,500 megawatts by 2030,” Aldriansyah remarked. He expressed optimism that with such an additional capacity, PGE would contribute significantly to Pertamina’s plan to decarbonize its assets and reduce emissions by 30 percent by 2030.

“At our current capacity, we currently reduce emissions by about 3.5 million tonnes of carbon dioxide (CO2) per annum. And with the additional capacity, we expect to reduce the emissions further, to six million tonnes annually over the next four years, and to 12 million tonnes by year 2030,” he stated.

Aldriansyah stated that the government of Indonesia aims to improve its energy mix with the use of renewable energy sources from the current 12 percent to 23 percent by 2025. He expressed confidence that the increased use of energy mix would provide ample room for renewable energy companies such as Pertamina Geothermal Energy to expand installed capacity and provide higher contributions to emissions reduction.

The CFO believes that financing plans, including the issuance of green bonds next year, can support the capacity growth in the future, which will contribute significantly to Pertamina’s objective to decarbonize its asset portfolio. “It is also aligned with the Indonesian Government’s commitment to Paris Agreement,” added Aldriansyah, “And with goal No.13 of the sustainable development goals (SDGs) on climate action.”

Media contact:
Fajriyah Usman
Pjs Senior Vice President,
Corporate Communications & Investor Relations
PT Pertamina (Persero)
M : +62 858 8330 8686
E : fajriyah.usman@pertamina.com
U : https://www.pertamina.com

Initiative to Enhance Cooperation of China and Central Asian Countries Concludes

The 8th China-Central Asia Cooperation Forum was concluded in Lanzhou, capital of Northwest China’s Gansu Province on October 17, and a joint initiative was released, aiming at more profound and practical openness and cooperation among participators.

With “Strengthen Solidarity and Cooperation for Building a Community of Security and Development” as its theme, the forum was co-hosted by the Good-Neighborliness, Friendship and Cooperation Committee of the Shanghai Cooperation Organization (SCO) and the People’s Government of Gansu Province.

The Forum included four sub-forums covering topics including “China-Central Asia cooperation on China’s BDS” and “green development.” A themed exhibit on China’s BeiDou Navigation Satellite System (BDS), which can provide customized services according to the needs of different countries and industries, was also held during the event.

Representatives from China and Central Asian countries including Kazakhstan, Tajikistan, Kyrgyzstan, Turkmenistan, and Uzbekistan, as well as international organizations, attended the forum online and in person.

Secretary-General of the SCO Vladimir Norov said the China-Central Asia Cooperation Forum is an authoritative platform for extensive exchanges between China and Central Asian countries. It helps strengthen political interaction, and deepens the relationship between all parties in ensuring regional security, and in responding to current challenges and threats. It also promotes a mutually beneficial cooperation, especially with regards to economy and trade.

“Under these conditions, cooperation in the health sector remains a priority. We propose to put environmental protection at the top of the agenda. We have actively participated in the development of the global agenda for sustainable development until 2030, and intend to achieve carbon neutrality by 2060,” said Alikhan Smailov, First Deputy Prime Minister of Kazakhstan.

Tajikistan’s ambassador to China Saidzoda Zohir pointed out that despite the various challenges of the new era, China’s economy continues to grow, and this will have a positive impact on the joint construction of a healthy, green and digital Silk Road. The volume of Chinese investment and bilateral trade with Central Asian countries has been growing steadily for two decades in a row.

The volume of accumulated direct Chinese investments in five countries of the region amounted to about $15 billion in 2020. “A new stage in the advancement of the Belt and Road may be the alignment “point” of China’s development programs with the national strategies of the Central Asian countries,” Saidzoda Zohir added.

Media Contact:
Liu Gehua,
E: Liugehuan@huanqiu.com
Website: www.Huanqiu.com

Source: Global Times Online

2021 Global Digital Trade Conference hosts “Digital Trade and Technology” themed event

The 2021 Global Digital Trade Conference and Wuhan (Hankoubei) Commodities Fair presented Digital Trade and Technology, a thematic keynote event, on October 13 in Wuhan, Hubei Provence, China. More than 300 distinguished guests, including experts and scholars in the digital economy, shared new insights on digital trade under China’s new “dual circulation” development strategy, and on the future of the global digital economy.

The Main Conference Hall, 2021 Global Digital Trade Conference & Wuhan (Hankoubei) Commodities Fair, for the thematic keynote “Digital Trade and Technology”, in Wuhan, Heibei Provence, on October 13. The event on-/off-line runs through October 26.

Jiang Wei, Standing Committee-member Wuhan Municipal Party Committee and Vice-Mayor of Wuhan encouraging conference attendees to take advantage of digital trade development opportunities in Wuhan for new businesses and tech innovations.

Organizer/host Qi Zhiping, CEO, ZALL Smart Commerce Group, joins entrepreneurs Qian Xiaojun, CEO, Beijing United Information Technology; Mu Xiaohai, Vice President, JD Cloud Business Group; Sun Wei, CEO, Shenzhen Sinoagri; and Huang Jianwen, Chairman, pao400, for panel “Industrial Development in the Digital Economy Era”. [All images: ZALL Smartcom]

This new technological revolution and industrial transformation brought about digital trade, significantly impacting the trading sector, fostering new business models and trading patterns. This has reshaped the global industrial chain, supply chain, value chain and innovation chain, becoming a major driving force for economic globalization.

As one of the key highlights of the Global Digital Trade Conference, the “Digital Trade and Technology” event aims to become the leading platform that facilitates discussions, exchanges, and conversations around global digital trade.

Jiang Wei, Standing Committee member of the Wuhan Municipal Party Committee and Vice Mayor of Wuhan, delivered a speech that addressed Wuhan’s geographic location and transportation advantages, vibrant commercial hub, and quality modern logistics infrastructure laying the foundation to advance the development of Wuhan’s digital trade and economy. Wuhan has introduced a series of policies to promote development of the digital economy with much success. Jiang Wei welcomed all attendees to take advantage of the digital trade development opportunities and invest in Wuhan for their new businesses and technological innovations.

Internationally renowned speakers including Dr Finn E. Kydland, Norwegian economist and winner of the 2004 Nobel Prize in Economics; Yoshinori Ogawa, Executive Director, Marubeni Corporation and Managing Director, Marubeni China; Wu Ying, Chairman of the Digital China Federation; Liang Rubo, CEO of Bytedance; Jiang Guofei, Vice President of Ant Group; Loh Boon Chye, Vice Chairman, World Federation of Exchanges (WFE) and CEO, Singapore Exchange (SGX); Tian Ning, Chairman of the Board of the Panshi Group delivered keynote addresses, sharing new insights into the development trends of the global digital economy, the integration of digital trade and technology, and industrial supply chain innovation and transformation.

Host organizer Qi Zhiping, CEO of ZALL Smart Commerce Group, joined entrepreneurs Qian Xiaojun, CEO of Beijing United Information Technology; Mu Xiaohai, Vice President of JD Cloud Business Group; Sun Wei, CEO of Shenzhen Sinoagri; and Huang Jianwen, Chairman of pao400, for an in-depth panel discussion around the development and transformation of traditional industries in the digital economy era.

iResearch Consulting, China’s leading data research organization, presented a new white paper on Global Digital Trade during the event. Li Chao, a Chief Analyst at iResearch and Executive Dean of iResearch Institute, presented their findings. The white paper shares the current development of digital trade from the existing digital infrastructure, policies, technologies, and capital. It also analyzes in-depth how digital trade has redefined traditional trade across production, transaction and supply chain.

The whitepaper looks at five major industries: agriculture, steel, plastics, wholesale and cross-border trade, along with the business models of renowned Chinese and global digital trading companies. It analyzes the profound changes digital technologies and supply chain services bring to the global trade industry, highlighting the growth momentum of digital trading companies and their financial market prospects. The paper suggests that with continued industry upgrading and business segmentation, there will be opportunities for digital trade services and ecosystem-based platforms to create new industrial supply-demand relationships and ecological synergies.

Themed “Intelligent Connectivity . Global Trading”, the 2021 Global Digital Trade Conference is organised by the Hubei Provincial People’s Government; supported by the All-China Federation of Industry and Commerce; co-organised by the Wuhan Municipal People’s Government and the Department of Commerce of Hubei Province; and executed by the Wuhan Huangpi District Government, Wuhan Municipal Bureau of Commerce, Hankoubei Group and ZALL Smart Commerce Group.

The Wuhan (Hankoubei) Commodities Fair is organized concurrently and features hundreds of procurement hubs and thousands of live streaming activities, pushing global industrial and supply chains towards digitalization and intelligent connectivity while promoting high-quality economic development and global trade. Running through October 26, 2021, the event has attracted representatives from 100+ countries, as well as over 10,000 merchants, experts and scholars. (en.hubei.gov.cn)

Contact: ZALL Smart Commerce Group, http://en.zallcn.com, e: ZALL@preciouscomms.com

Gala Games Joins World Esports and Gaming Summit – Asia as Headline Sponsor

Gala Games, a pioneer of blockchain gaming joins World Esports and Gaming Summit – Asia as Headline Sponsor.

Gala Games, a pioneer in blockchain gaming will feature as the headline sponsor for the inaugural virtual edition of World Esports and Gaming Summit – Asia, an event presented by Trescon & Semper Fortis, on 23-24 September 2021. Jason Brink, President of Blockchain at Gala Games will be among the top speakers joining the summit.

Saturday, 22 May 2021: One of the first companies to use blockchain technology in the gaming industry, Gala Games, will feature at Trescon’s virtual edition of the World Esports and Gaming Summit on September 23-24, 2021. With a special focus on Asia, the inaugural summit aims to gather over 300 global attendees including the thought leaders and experts from the global gaming & esports ecosystem.

Among the top technology leaders and speakers who will join the global conversation will be Jason Brink, President of Blockchain at Gala Game. Jason is a recognized leader, speaker and commentator in the cryptocurrency and blockchain space. Jason is passionate about equity, mobility and security, and believes that decentralized technology will provide a much-needed change for people across the world.

Having been previously recognized by the Bill and Melinda Gates Foundation, winning the Global Development Network Prize for ‘AidDollar’, a novel blockchain-based solution to solve the problems endemic to foreign aid, he is currently immersed in designing and building the ecosystem for the world’s leading blockchain gaming company Gala Games.

According to Mithun Shetty, CEO of Trescon, The summit will essentially explore how Asia is anticipated to dominate the esports and gaming landscape in the next years, owing to a favourable environment, a cultural inclination for games and genres, significant levels of investment, and a solid gaming infrastructure. He said, “We are extremely honoured to feature Gala Games as the Headline sponsor for the event. Gala Games is vehemently changing the gaming ecosystem by the use of Blockchain Technology.” He further added, “The summit will feature regional and international, keynotes, panel discussions, tech talks and more from leading experts from the industry.”

About Gala Games

Gala Games was founded with one goal in mind: to give power back to the gamers. Their mission is to enable freedom through play. To this end, we have embarked on one of the most ambitious development projects to date – the creation of the Gala Games Ecosystem.
Founded by Eric Schiermeyer (the co-founder of Zynga and gaming legend), Wright Thurston (one of the first major miners in the cryptocurrency space and holder of multiple patents on blockchain technology), and Michael McCarthy (the Creative Director behind viral gaming hits such as Farmville 2), Gala Games is here to fundamentally redefine both the gaming and blockchain spaces.

About World Esports and Gaming Summit – Asia

World Esports and Gaming Summit, is Asia’s biggest foray into the esports and gaming space. Set over the course of 2 days, the summit, hosted on a virtual platform, will cover the current state of esports and build on the already strong framework of gaming within the continent.
With an aim of hosting over 1500+ executives/professionals/enthusiasts from all gaming industry verticals, the summit will also act as a platform for change to discuss, deliberate and share insights within these forward moving industries.

To register visit: World Esports and Gaming Summit – Asia (https://tresconglobal.com/conferences/gaming/asia/free-pass-registration)

About Semper Fortis Esports

Semper Fortis Esports PLC is a multi-operational Esports organisation converging high growth team infrastructures, gaming technology solutions and corporate business advisory services. Best known for the esports brand SMPR, Semper Fortis leverages its position in competitive electronic sports to produce disruptive game-based solutions and interactive experiences fusing physical and digital.

Semper Fortis translates in Latin to “Always Strong”, channelling its expertise in sports, media and entertainment to strengthen, innovate and add value to the Esports ecosystem in the United Kingdom and globally.

About Trescon

Trescon is a global business events and consulting firm that provide wide range of business services to a diversified client base that includes corporations, governments and individuals. Trescon is specialises in producing highly focused B2B events that connect businesses with opportunities through conferences, roadshows, expos, demand generation, investor connect and consulting services.

KGiSL wins Common infrastructure for Brokers Back Office Project from Stock Exchange of Thailand

KGiSL, a global IT Products, Solutions, and Services provider, today announced the landmark contract that was won by KGiSL against significant competition from one of the largest stock exchanges in the ASEAN, The Stock Exchange of Thailand (SET). KGiSL will rollout Dolphin – a state of the art, cutting-edge technology back-office (BO) platform for brokers in Thailand. The platform will be hosted by SET and will be made available to brokers. The implementation is expected to be completed in the next 16 months.

KGiSL’s flagship product for Capital Markets – Dolphin, caters to 60% of the leading institutional brokers in India by supporting their back-office clearing and settlement operations. The new platform is set to become the one-stop-shop solution to the brokers of Thailand with its ability to handle multiple asset classes including Equities, Bonds, and Offshore Trading, for both retail and institutional brokers. The next generation technology platform has been tested for handling 5 million trades/ day and has the potential capability to scale vertically and horizontally, to support any increase in business volumes. Dolphin was chosen over the other leading global platforms, because it had a better fit to the requirements and also for the robustness, scalability, and automation capabilities, it offers.

Dr. Pakorn Peetathawatchai, President, The Stock Exchange of Thailand said, “This is one of our most ambitious and challenging projects to establish a common, streamlined infrastructure that will open up new possibilities for Thai brokers to revolutionize their back office business models. We strongly believe that continued support from participating brokers in providing valuable insights, along with KGiSL’s delivery capability are key ingredients to contribute the project’s success.”

On the association with SET, Prassadh Shanmugam, Director & Chief Executive Officer KGiSL said, “This is a huge win for KGiSL. Dolphin has been the undisputed market leader in India so far, but we have had limited successes in other markets. This order opens up the entire ASEAN & APAC market to create similar success stories like how we have done in India. KGiSL is poised to invest more in Dolphin’s capabilities by adding Artificial Intelligence (AI), Machine Learning (ML), Business Intelligence (BI) and Analytics. I would also like to take this opportunity to thank Dr. Pakorn Peetathawatchai, President of The Stock Exchange of Thailand and the rest of the management in placing their trust in KGiSL and Dolphin.”

About The Stock Exchange of Thailand: www.set.or.th

SET is the most liquid stock market in ASEAN with end-to-end services to empower seamless journey for all investors, securities brokerage companies and market participants. SET has transformed toward partnership platform by harnessing world-class technology and digital innovation to enable all parties to benefit from the Thai capital market in line with vision “To Make the Capital Market Work for Everyone”. A number of open architecture and interoperable platforms have been developed with aims at building ecosystem crucial for fundraising, wealth creation and the country’s development; widening business opportunities for operators in securities industry while offering investors convenient access to investment data, products and services.

About KGiSL: www.KGISL.com/gss

KGiSL is a global IT Products, Solutions, and Services provider in the BFSI space. KGiSL offers Software Products, Solutions and Services, Intelligent Automation, ERP (SAP), CRM, Business Intelligence and Analytics, Quality Engineering, IT Infrastructure Management and Custom Application Development. KGiSL has offices in India, US, Malaysia, Singapore, Australia and Thailand.

KGiSL is part of the $750 million business conglomerate KG Group with interest in Textiles, Engineering, Healthcare, Education, Real Estate, Entertainment, Software and Business Support Services. The Group employs over 25000 people and is known for its philanthropic services to the community for over 8 decades.
For further information, please contact:

KGiSL: Sampathkumar S | sampathkumar.s@KGISL.com | +91 9940069884