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

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 […]

Fujitsu highlights technologies to realize its vision for a sustainable world at CEATEC 2022

TOKYO, Sep 30, 2022 – (JCN Newswire via – Fujitsu today announced that it will exhibit a technology and business showcase of its latest innovations and vision for Fujitsu Uvance at “CEATEC 2022,” the annual cutting-edge IT & comprehensive electronics exhibition at Makuhari Messe (Chiba Prefecture, Japan) from October 18 to October 21, 2022. […]

Stricter borrowing criteria for property buyers, 15-month wait for private property owners moving to HDB flats

SINGAPORE – The maximum amount of money home buyers can borrow to purchase their homes will be tightened with immediate effect, so that borrowers avoid future difficulties in servicing those loans. The cooling measures come after interest rates have risen significantly and are likely to continue rising, the Monetary Authority of Singapore (MAS), Ministry of […]

MHI: Advanced light water reactor “SRZ-1200”

TOKYO, Sep 29, 2022 – (JCN Newswire via – Mitsubishi Heavy Industries, Ltd. (MHI) in collaboration with four Japanese PWR utilities*, has developed the conceptual design of an advanced light water reactor “SRZ-1200”. This reactor has additional safety features when compared to conventional pressurized light water reactors. It is in the intention of MHI […]

America does not seek economic decoupling from China, says US ambassador in Beijing Nicholas Burns

SINGAPORE – The United States is not seeking to decouple its economic ties from China, US Ambassador In Beijing Nicholas Burns said on Thursday. However, he noted that the US will continue to compete in technology with the world’s second-largest economy and keep reminding it of its commitments to multilateral agreements on global trade and investment. […]

Sats shares tumble 16% after $1.64b deal to buy world’s biggest air cargo handler

SINGAPORE – Shares of Sats plunged sharply to a two-year low after the stock resumed trading on Thursday morning, following news of the company’s deal to buy the world’s largest air cargo handler for $1.64 billion. The ground handling and catering provider announced on Wednesday it will acquire Paris-based Worldwide Flight Services (WFS). The combined entity’s […]

Zelensky meets French foreign minister on support for Ukraine

In this photo provided by the Ukrainian Presidential Press Office, Ukrainian President Volodymyr Zelensky, left, and French Foreign Minister Catherine Colonna pose for a photograph during their meeting in Kyiv, Ukraine, Sept 27, 2022. (UKRAINIAN PRESIDENTIAL PRESS OFFICE VIA AP) KYIV – Ukraine's President Volodymyr Zelensky on Tuesday met with visiting French Foreign Affairs Minister […]

A new model for smart and green industrial parks under development in central Vietnam

Vietnam, one of the fastest growing economies in the world, did something extraordinary at the United Nations annual climate change conference, or COP26, last year: It pledged not to build any new coal projects beyond those already under development as it transitions towards clean energy. To achieve its ambitious goal, the country is actively implementing  […]

Proposed price cap on Russian oil will benefit less well-to-do nations: US official

SINGAPORE – Low- and middle-income countries will be the primary beneficiaries of a proposed price cap on Russia’s oil trade, said Ms Catherine Wolfram, deputy assistant secretary for climate and energy economics at the United States Treasury. The top US official, who is in town for the Asia-Pacific Petroleum Conference, added that the objective of […]

Hitachi Astemo Receives EV e-Axle Orders from Honda, and will Further Expand its Electrification Business

TOKYO, Sep 26, 2022 – (JCN Newswire via – As a global leader in electrification, Hitachi Astemo, Ltd. has received electric axle (e-Axle) orders for mid-size and large-size battery-electric vehicles from Honda Motor Co., Ltd., slated for a global rollout in 2026. Image of the electric axle Hitachi Astemo as a systems integrator will […]

Inflation, deglobalisation on global leaders’ minds at Forbes CEO conference in S’pore

SINGAPORE – Forces shaking up the global economy – such as inflation and deglobalisation – are among the hot issues taking centre stage at the Forbes Global CEO Conference that has drawn about 400 business leaders worldwide here. Held at The Ritz-Carlton, the two-day event – which features a conversation with Deputy Prime Minister and […]

AEON Credit 1H2022 Revenue Up by 11.8% to HK$571.7 Million

HONG KONG, Sep 26, 2022 – (ACN Newswire via – AEON Credit Service (Asia) Company Limited (“AEON Credit” or the “Group”; Stock Code: 00900) today announced its interim results for the six months ended 31st August 2022 (“1H2022” or the “reporting period”). During the reporting period, the Group’s revenue was up by 11.8% year-on-year […]