Economy of Asia

MMC Corporation Berhad chooses Ramco Systems to digitally transform five ports in Malaysia's single largest port transformation programme

Friday, April 9, 2021 - 3:30pm

The digital transformation will consolidate and standardise processes of MMC's ports, which include Pelabuhan Tanjung Pelepas Sdn Bhd (PTP), Johor Port Berhad, Northport (Malaysia) Bhd, Penang Port Sdn Bhd and Tanjung Bruas Port Sdn Bhd.

Key Points: 
  • The digital transformation will consolidate and standardise processes of MMC's ports, which include Pelabuhan Tanjung Pelepas Sdn Bhd (PTP), Johor Port Berhad, Northport (Malaysia) Bhd, Penang Port Sdn Bhd and Tanjung Bruas Port Sdn Bhd.
  • "With the support from Ramco Systems, MMC is committed to accelerate digital transformation that delivers efficiency, productivity and reliability within our ports to provide the best-in-class service for our customers.
  • Venketrama Raja, Chairman, Ramco Group, said, "It is a great honour to work alongside the MMC Group to help upgrade its ports.
  • MMC Corporation Berhad ("MMC") is a leading utilities and infrastructure group with diversified businesses under four divisions, namely Ports and Logistics, Energy and Utilities, Engineering, and Industrial Development.

MMC Corporation Berhad Chooses Ramco Systems to Digitally Transform Five Ports in Malaysia's Single Largest Port Transformation Programme

Thursday, April 8, 2021 - 9:00am

The digital transformation will consolidate and standardise processes of MMC's ports, which include Pelabuhan Tanjung Pelepas Sdn Bhd (PTP), Johor Port Berhad, Northport (Malaysia) Bhd, Penang Port Sdn Bhd and Tanjung Bruas Port Sdn Bhd.

Key Points: 
  • The digital transformation will consolidate and standardise processes of MMC's ports, which include Pelabuhan Tanjung Pelepas Sdn Bhd (PTP), Johor Port Berhad, Northport (Malaysia) Bhd, Penang Port Sdn Bhd and Tanjung Bruas Port Sdn Bhd.
  • With the support from Ramco Systems, MMC is committed to accelerate digital transformation that delivers efficiency, productivity and reliability within our ports to provide the best-in-class service for our customers.
  • Venketrama Raja, Chairman, Ramco Group, said, "It is a great honour to work alongside the MMC Group to help upgrade its ports.
  • MMC Corporation Berhad ("MMC") is a leading utilities and infrastructure group with diversified businesses under four divisions, namely Ports and Logistics, Energy and Utilities, Engineering, and Industrial Development.

Masdar celebrates groundbreaking on Uzbekistan's first wind farm and agrees to extend project capacity

Friday, April 2, 2021 - 12:07pm

Saeed Matar Al-Qemzi, UAE Ambassador to Uzbekistan, during an event in Tashkent to celebrate the groundbreaking on the project, with H.E.

Key Points: 
  • Saeed Matar Al-Qemzi, UAE Ambassador to Uzbekistan, during an event in Tashkent to celebrate the groundbreaking on the project, with H.E.
  • Sherzod Khodjaev, Deputy Minister of Energy, signed the project capacity extension agreement with Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar.
  • Masdar entered into bilateral agreements with the Government of Uzbekistan last year to develop, build and operate the 500-megawatt (MW) wind farm project, its second utility-scale clean energy project in the country, and the largest wind farm in Central Asia.
  • Last December, Masdar announced financial close on the 100 MW Nur Navoi Solar Project Uzbekistan's first successfully-financed independent power producer (IPP) solar project.

JSC Halyk Bank: Informs that the materials on the items of the agenda of the Annual General Shareholders' Meeting are available for shareholders

Friday, March 19, 2021 - 2:01pm

Hereby, JSC Halyk Bank of Kazakhstan (the "Bank"), in addition to the notice of annual general shareholders' meeting of the Bank by absentee voting without holding the in-person General Shareholders' Meeting (the "AGM"), published on March 5 2021, informs that the materials on the items of the agenda of the AGM are available for shareholders on the corporate website of the Bank at the following link: https://halykbank.com/shareholder-information/ .

Key Points: 
  • Hereby, JSC Halyk Bank of Kazakhstan (the "Bank"), in addition to the notice of annual general shareholders' meeting of the Bank by absentee voting without holding the in-person General Shareholders' Meeting (the "AGM"), published on March 5 2021, informs that the materials on the items of the agenda of the AGM are available for shareholders on the corporate website of the Bank at the following link: https://halykbank.com/shareholder-information/ .
  • Halyk Bank is Kazakhstan's leading financial services group, operating across a variety of segments, including retail, SME & corporate banking, insurance, leasing, brokerage and asset management.
  • Halyk Bank has been listed on the Kazakhstan Stock Exchange since 1998, on the London Stock Exchange since 2006 and Astana International Exchange since October 2019.
  • With total assets of KZT 10,387.8 as at 31 December 2020, Halyk Bank is Kazakhstan's leading lender.

Joy Spreader to be included in the Hang Seng Composite Small Cap Index and Southbound Stock Connect Trading

Monday, March 1, 2021 - 8:35am

HK) would be included in the Hang Seng Composite Small Cap Index, meaning that it will also be soon eligible for southbound trading under Stock Connect ("Shenzhen Connect").

Key Points: 
  • HK) would be included in the Hang Seng Composite Small Cap Index, meaning that it will also be soon eligible for southbound trading under Stock Connect ("Shenzhen Connect").
  • As we know, Southbound Stock Connect Trading has always been an important channel for mainland investors to participate in the Hong Kong stock market.
  • The proportion of turnover under Southbound Stock Connect Trading to the total turnover in the Hong Kong stock market has increased year by year.
  • As Southbound Stock Connect Trading has played a prominent role in the Hong Kong Stock market, every adjustment to the list of Southbound Stock Connect Trading often brings great concern to the investors in the Hong Kong stock market.

PIC Group Is Awarded the O&M Services Agreement for the Hummel Station by LS Power Group Inc.

Monday, February 22, 2021 - 2:00pm

PIC Group Inc., has been awarded the Operation and Maintenance (O&M) Agreement for the Hummel Power Station, a subsidiary of LS Power Group, in Shamokin Dam, PA.

Key Points: 
  • PIC Group Inc., has been awarded the Operation and Maintenance (O&M) Agreement for the Hummel Power Station, a subsidiary of LS Power Group, in Shamokin Dam, PA.
  • LS Power is excited about our recently acquired Hummel facility and looking forward to working with PIC Group and their experienced operations and maintenance team, said Anthony Hammond, Vice President of Asset Management for LS Power.
  • PIC Groups approach to O&M services ensures consistent and reliable operations while enabling the Hummel Station to achieve the maximum financial and operational goals.
  • PIC Group provides O&M Services (Care, Custody and Control), Commissioning and Startup, Documentation & Training and Staffing services and serves the power generation, oil and gas, petrochemical, pulp and paper and manufacturing industries.

YAMAHA MOTOR: Consolidated Business Results Summary — Fiscal Year 2020 Ending December 31 —

Friday, February 12, 2021 - 7:00am

Yamaha Motor Co., Ltd. (TOKYO:7272) announces consolidated business results for the full fiscal year.

Key Points: 
  • Yamaha Motor Co., Ltd. (TOKYO:7272) announces consolidated business results for the full fiscal year.
  • Net sales were 1,471.3 billion yen (a decrease of 193.5 billion yen, or 11.6% compared with the previous fiscal year).
  • Operating income was 81.7 billion yen (a decrease of 33.7 billion yen, or 29.2%), ordinary income was 87.7 billion yen (a decrease of 31.8 billion yen, or 26.6%), and net income attributable to owners of parent was 53.1 billion yen (a decrease of 22.7 billion yen, or 29.9%) .
  • Forecast of Consolidated Business Results for the next fiscal year ending December 31, 2021

Tricor Group Releases 2021 Asia Pacific Trade Report Focusing on Impact of RCEP on Vietnam and COVID-19 Recovery

Monday, February 1, 2021 - 1:00am

In particular, Tricor Groups 2021 Asia Pacific Trade Report focuses on how the landmark implementation of the RCEP in 2021 is likely to enhance market openness and create new opportunities for global enterprises in Vietnam and APAC against the challenging backdrop of COVID-19 pandemic recovery.

Key Points: 
  • In particular, Tricor Groups 2021 Asia Pacific Trade Report focuses on how the landmark implementation of the RCEP in 2021 is likely to enhance market openness and create new opportunities for global enterprises in Vietnam and APAC against the challenging backdrop of COVID-19 pandemic recovery.
  • Tricor Groups 2021 Asia Pacific Trade Report provides a blueprint for global and local enterprises looking to leverage and capitalize on the new opportunities expected to be created by the RCEP.
  • Tricor Groups 2021 Asia Pacific Trade Report, which draws from qualitative and quantitative data, suggests that, despite numerous roadblocks and pending uncertainties ahead, new opportunities are on the horizon for global businesses in 2021, such as the numerous benefits offered by RCEP.
  • Tricor serves 50,000 clients, including ~2,000 companies publicly listed in Asia and over 40% of the Fortune Global 500 companies.

Tricor Group Releases 2021 Asia Pacific Trade Report Focusing on Impact of RCEP on Thailand and COVID-19 Recovery

Monday, February 1, 2021 - 1:00am

In particular, Tricor Groups 2021 Asia Pacific Trade Report focuses on how the landmark implementation of the RCEP in 2021 is likely to enhance market openness and create new opportunities for global enterprises in Thailand and APAC against the challenging backdrop of COVID-19 pandemic recovery.

Key Points: 
  • In particular, Tricor Groups 2021 Asia Pacific Trade Report focuses on how the landmark implementation of the RCEP in 2021 is likely to enhance market openness and create new opportunities for global enterprises in Thailand and APAC against the challenging backdrop of COVID-19 pandemic recovery.
  • Dyland Mah, Managing Director, Tricor Thailand , said: The RCEP brings together different countries with different outlooks and prospects.
  • Tricor Groups 2021 Asia Pacific Trade Report provides a blueprint for global and local enterprises looking to leverage and capitalize on the new opportunities expected to be created by the RCEP.
  • Tricor serves 50,000 clients, including ~2,000 companies publicly listed in Asia and over 40% of the Fortune Global 500 companies.

Tricor Group Releases 2021 Asia Pacific Trade Report Focusing on Impact of RCEP on Singapore and COVID-19 Recovery

Monday, February 1, 2021 - 12:00am

In particular, Tricor Groups 2021 Asia Pacific Trade Report focuses on how the landmark implementation of the RCEP in 2021 is likely to enhance market openness and create new opportunities for global enterprises in Singapore and APAC against the challenging backdrop of COVID-19 pandemic recovery.

Key Points: 
  • In particular, Tricor Groups 2021 Asia Pacific Trade Report focuses on how the landmark implementation of the RCEP in 2021 is likely to enhance market openness and create new opportunities for global enterprises in Singapore and APAC against the challenging backdrop of COVID-19 pandemic recovery.
  • Ho Lon Gee, CEO & Managing Director, Tricor Singapore , said: "The RCEP is expected to greatly enhance regional cross-border trade, which is at the very heart of Singapore's open and export-oriented economy.
  • Tricor Groups 2021 Asia Pacific Trade Report provides a blueprint for global and local enterprises looking to leverage and capitalize on the new opportunities expected to be created by the RCEP.
  • This expertise reinforces our leadership in the region as the go-to partner for enterprises seeking to expand throughout Asia Pacific and beyond.