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

EC World Reit proposes asset sale for loan repayment; to make special distribution

SINGAPORE – EC World Real Estate Investment Trust (EC World Reit) is proposing to divest its indirect interests in Bei Gang Logistics and Chongxian Port Logistics at the agreed property values of 1.2 billion renminbi (S$235.7 million) and 820 million renminbi respectively, each representing a premium of 2.9 per cent to their independent valuations. Proceeds […]

Asia’s factories paint picture of uneven recovery in September

SINGAPORE – Asia’s factories saw a split track of recovery in September as South-east Asia showed some resilience while China’s growth slowdown and lingering supply chain challenges held back the broader orders outlook. Purchasing managers’ indexes (PMIs) for much of South-east Asia showed improvement, with Indonesia at 53.7 matching its January reading for the best this year. […]

Singtel says media reports on potential hefty costs from Optus cyber attack ‘speculative’

SINGAPORE – Singtel said on Monday that media reports citing potential fines or costs from the massive cyber breach that affected nearly 10 million accounts of its Australian unit Optus are “speculative” and the company is still making its own assessment. “Singtel is continuing to evaluate the potential financial implications arising from this matter and […]

Hitachi Astemo develops Steer-by-Wire prototype with advanced steering and failsafe function

TOKYO, Oct 3, 2022 – (JCN Newswire via – Hitachi Astemo, Ltd.has developed a Steer-by-Wire prototype for vehicles, which actuates the tires not mechanically, but through the electric control of steering wheel inputs. The prototype not only realizes smooth, effortless steering wheel operation, but also redundancy through a fail-safe function that enables the continued […]

EC Healthcare Acquires Multi-Disciplinary Healthcare Services Chain in Hong Kong

HONG KONG, Oct 3, 2022 – (ACN Newswire via – EC Healthcare (the “Company”, which together with its subsidiaries is referred to as the “Group”, SEHK stock code: 2138), the largest non-hospital medical group in Hong Kong*, is pleased to announce that the Group and the Seller enters into a sale and purchase agreement […]

WFIS Paces to Unveil Indonesia’s Most Advanced FSI Show

JAKARTA, INDONESIA, Oct 3, 2022 – (ACN Newswire via – With Indonesia darting to incorporate the latest technology innovations in FSI, the country’s fintech is expected to generate $8.6 billion revenue by 2025. The move is further getting bolstered by Otoritas Jasa Keuangan (OJK) that is bringing favorable regulatory changes and has even launched […]

Exit polls: GERB-UDF coalition leads in Bulgaria parliamentary polls

Voters wait to cast their ballots at a polling station during Bulgaria's parliamentary elections in Sofia, Bulgaria on Oct 2, 2022. (NIKOLAY DOYCHINOV / AFP) SOFIA – GERB-UDF coalition leads in Bulgaria's early parliamentary elections, according to exit polls reported by the Bulgarian National TV on Sunday. GERB-UDF coalition is expected to have 25.5 percent […]

Burkinabe coup leader says situation under control

Burkina Faso's new self-proclaimed leader captain Ibrahim Traore (center) attends a meeting in Ouagadougou on Oct 2, 2022. (PHOTO /AFP) OUAGADOUGOU – Burkina Faso's self-declared military leader Captain Ibrahim Traore said Sunday that the situation was under control after he announced the eviction of President Lieutenant Colonel Paul-Henri Sandaogo Damiba late Friday. "We would like […]