Press releases about business, cryptocurrency, fintech and more news in Hong Kong and Asia

Alfa Romeo showroom shut, staff laid off as S’pore distributorship set to change hands

SINGAPORE – EuroAutomobile will cease to be the official importer and distributor of Alfa Romeo cars in Singapore, while Komoco Holdings is set to take over the exclusive distributorship next year, The Straits Times has learnt. On Sept 30, the firm, which has held the distributorship since 2004, shut down its Alfa Romeo showroom at Leng […]

Australia’s Telstra reveals data breach two weeks after attack on Optus

SYDNEY – Australia’s largest telecoms firm Telstra said on Tuesday it had suffered what it called a small data breach, a disclosure that comes two weeks after main rival Optus was left reeling by a massive cyber attack. Telstra, which has 18.8 million customer accounts, equivalent to three-quarters of Australia’s population, said an intrusion of a […]

Australia’s central bank slows pace of rate hikes in surprise move

SYDNEY – Australia’s central bank on Tuesday surprised markets by lifting interest rates by a smaller-than-expected 25 basis points, saying they had already risen substantially, though it added that further tightening would still be needed. Wrapping up its October policy meeting, the Reserve Bank of Australia (RBA) raised its cash rate to a nine-year peak […]

S’pore should consider standby diesel fuel facility to boost energy security: Industry experts

SINGAPORE – Singapore should consider setting up a strategic reserve facility for diesel, an important alternative fuel for power generation, industry sources said. Power security has emerged as a key issue in the wake of the Ukraine conflict, and has once again turned the spotlight on energy security here in Singapore, which depends on imported […]

Eisai Completes Construction of Its New Injection/Research Building at Kawashima Industrial Park in Japan

TOKYO, Oct 4, 2022 – (JCN Newswire via SEAPRWire.com) – Eisai Co., Ltd. announced that, as part of the strategic investment towards the realization of its medium-term business plan “EWAY Future & Beyond”, it has completed construction of the new injection/research building “Eisai Medicine Innovation Technology Solutions” (“EMITS”) at the Kawashima Industrial Park located in […]

SCIB Unveils Sample IBS House Built with 3D Technology

KUCHING, MALAYSIA, Oct 4, 2022 – (ACN Newswire via SEAPRWire.com) – Civil engineering specialist Sarawak Consolidated Industries Berhad’s (SCIB), wholly-owned subsidiary, SCIB Industrialised Building System Sdn Bhd (SIBS), today unveiled a sample house built using a 3D printing system from COBOD International A/S, a Copenhagen, Denmark-based 3D construction specialist. Group Managing Director and Chief Executive […]

MHI Group Delivers Two Large-Capacity Centrifugal Chillers for Singapore’s Marina Bay District Cooling System

TOKYO, Oct 4, 2022 – (JCN Newswire via SEAPRWire.com) – Mitsubishi Heavy Industries (MHI) Group companies – Mitsubishi Heavy Industries Thermal Systems, Ltd. (MHI Thermal Systems) and Mitsubishi Heavy Industries Asia Pacific Pte. Ltd. (MHI-AP) – have jointly delivered two large-capacity centrifugal chillers for a large-scale district cooling system in Singapore’s Marina Bay as part […]

Gradiant, Global Water Solutions Provider, Expands Australia Presence and Capabilities

New Offices in Adelaide and Perth, and ISO Certification Australia-Wide SYDNEY, AU, Oct 4, 2022 – (ACN Newswire via SEAPRWire.com) – Gradiant, a leading global water solutions provider, announced new milestones in Australia to execute its strategy to deploy its award-winning sustainable solutions in advanced water and wastewater into the Australia and New Zealand region. […]

Crypto needs more rules and better enforcement, US regulators warn

NEW YORK – A US federal panel responsible for monitoring financial system risks sounded a warning on Monday about cryptocurrency markets, saying that the widespread adoption of digital assets poses risks if the market continues to grow without better oversight and enforcement. It is the first major report on cryptocurrencies by the Financial Stability Oversight Council, […]

Metro expands in UK, Australia with $204.7m worth of acquisitions

SINGAPORE – Metro Holdings announced on Monday (Oct 3) the acquisition of a retail property in Australia and four student accommodations in the United Kingdom to deepen its presence across its key markets. The Australian property is a freehold neighbourhood retail centre called Shepparton Marketplace in Victoria, and it was bought by Metro Holdings with its […]

Rinnai and Toyota Start Exploring Hydrogen-Powered Cooking Methods

TOKYO, Oct 4, 2022 – (JCN Newswire via SEAPRWire.com) – Rinnai Corporation (Rinnai) and TOYOTA MOTOR CORPORATION (Toyota), together with Woven Planet Holdings, Inc. (Woven Planet), have initiated collaborative efforts on a potentially ubiquitous new application of hydrogen for food preparation. Their shared goal is to contribute to carbon neutrality and popularize more sustainable approaches […]

Neste, Idemitsu Kosan, CHIMEI and Mitsubishi Corporation join forces to create a renewable plastics supply chain

TOKYO, Oct 3, 2022 – (JCN Newswire via SEAPRWire.com) – Neste, Idemitsu Kosan, CHIMEI and Mitsubishi Corporation have agreed to build a renewable plastics supply chain utilizing bio-based hydrocarbons (Neste RE) for the production of styrene monomer (i.e. bio-SM), and its mass balanced renewable plastics derivatives including acrylonitrile butadiene styrene (i.e. bio-ABS*). The bio-SM production […]