Malaysian Genomics, Rinani Genotec Sign LOI with Universiti Malaysia Sabah

PETALING JAYA, Malaysia, Sep 21, 2022 – (ACN Newswire via – Leading genomics and biopharmaceutical specialist Malaysian Genomics Resource Centre Berhad (Bursa: MGRC, 0155) is pleased to report that the Group has signed a letter of intent (LOI) with the Faculty of Science and Natural Resources, Universiti Malaysia Sabah (UMS) and Rinani Genotec Sdn […]

JCB presents STAR ISLAND Singapore Countdown Edition 2022-2023

TOKYO & SINGAPORE, Sep 21, 2022 – (JCN Newswire via – STAR ISLAND Singapore Countdown Edition returns December 31 to The Float at Marina Bay. The one and only futuristic fireworks entertainment display will be held for the first time in three years against the iconic Marina Bay city skyline. Colorful HANABI hand-crafted fireworks […]

Dah Sing Bank and Friends of the Earth (HK) Jointly Present Retail and E-Commerce ESG Forum for SMEs

HONG KONG, Sep 21, 2022 – (ACN Newswire via – The second industry forum (the “Forum”) under the SME ESG Best Practices Recognition Programme (“the Programme”) took place today under the joint auspices of Dah Sing Bank, Limited (“Dah Sing Bank”) and Friends of the Earth (HK) (“FoE HK”). It gathered business and industry […]

Sats said in talks to buy Worldwide Flight Services for up to $4.2 billion

SINGAPORE – Catering and gateway services provider Sats is in talks to acquire air cargo handler Worldwide Flight Services from its private equity owner Cerberus Capital Management for as much as US$3 billion (S$4.2 billion), people with knowledge of the matter said. The Singapore-listed company has sounded out financing for the potential purchase, said the […]

Global investors cut exposure to China on rising risks

SINGAPORE – Global investors in private equity and venture capital funds say they are rotating away from China as clients are reassessing risks because of the country’s rapidly changing environment. Investors are paring their holdings in the once-booming economy, despite their conviction that long-term growth will continue, according to speakers from Partners Capital, Hamilton Lane […]

Tencent’s $3.2 billion buyback spree fails to stem stock rout

HONG KONG – Tencent Holdings’ buyback spree is failing to revive investor sentiment over the online gaming giant, whose shares are languishing near a 2018 low. Tencent, China’s biggest company by market capitalisation, has spent nearly US$1 billion (S$1.4 billion) in repurchasing shares over the past month to take the year’s total to US$2.3 billion […]

Fujitsu strengthens security practice with acquisition of leading New Zealand cybersecurity firm InPhySec

TOKYO, Sep 21, 2022 – (JCN Newswire via – Fujitsu Limited and Fujitsu Australia and New Zealand have moved to strengthen their security services capabilities with the acquisition of New Zealand cyber security company InPhySec. This move marks the latest milestone in Fujitsu’s global M&A strategy and builds upon services offered by recently acquired […]

Hitachi Energy to support major renewable electricity transmission between Canada and New York City

ZURICH, SWITZERLAND, Sep 21, 2022 – (JCN Newswire via – Hitachi Energy, a global technology leader that is advancing a sustainable energy future for all, today announced it was selected by Transmission Developers Inc., a Blackstone portfolio company specialized in renewable power development, to supply a high-voltage direct current (HVDC) converter station that is […]

Australia’s central bank has equity wiped out by billions in bond losses

SYDNEY – Australia’s central bank on Wednesday said its equity had been wiped out by losses suffered on pandemic-era bond buying, but its ability to create money meant it was not insolvent and would continue as normal. Reserve Bank of Australia (RBA) deputy governor Michele Bullock said the bank had taken a mark-to-market valuation loss on […]

Lian Beng declines disclosing family members’ pay, citing poaching fears

SINGAPORE – Lian Beng Group has declined regulators’ request for the company to disclose the remuneration of employees singled out as family members of a director, the chief executive or a substantial shareholder, citing potential impact on the group’s ability to attract and retain key and middle management talent. The Singapore Exchange (SGX) had asked […]