Economy of Asia

Partner Communications Announces Receiving A Lawsuit And A Motion For The Recognition Of This Lawsuit As A Class Action

Retrieved on: 
Tuesday, December 22, 2020
Partner Communications Company, Tel Aviv Stock Exchange, Tase, Economy of the Middle East, Stock exchanges, Economy of Asia

The total amount claimed against the Respondents, in case the Motion is accepted was not stated by the applicant (but was stated as estimated at over NIS 2.5 million).

Key Points: 
  • The total amount claimed against the Respondents, in case the Motion is accepted was not stated by the applicant (but was stated as estimated at over NIS 2.5 million).
  • Partner is reviewing the Motion and is unable at this preliminary stage, to evaluate, with any degree of certainty, the probability of success of the lawsuit or the range of potential exposure, if any.
  • Partner Communications Company Ltd. ("Partner") is a leading Israeli provider of telecommunications services (cellular, fixed-line telephony, internet and television services).
  • Partner's ADSs are quoted on the NASDAQ Global Select Market and its shares are traded on the Tel Aviv Stock Exchange (NASDAQ and TASE: PTNR).

Welcome to the Tel Aviv Stock Exchange: Group 11, the Venture Capital Fund of Investor Dovi Frances and the Start-Up Company, Veev Are the First to Join TASE UP

Retrieved on: 
Tuesday, December 22, 2020
Tel Aviv Stock Exchange, Tase, Tel Aviv, Economy of the Middle East, Economy of Asia

TEL AVIV, Israel, Dec. 22, 2020 /PRNewswire/ -- Today (Tuesday) the Tel Aviv Stock Exchange announces (TASE: TASE) TASE UP's first two listings - venture capital fund, Group 11 and start-up company, Veev.

Key Points: 
  • TEL AVIV, Israel, Dec. 22, 2020 /PRNewswire/ -- Today (Tuesday) the Tel Aviv Stock Exchange announces (TASE: TASE) TASE UP's first two listings - venture capital fund, Group 11 and start-up company, Veev.
  • Veev has offices in San Francisco and Tel Aviv, with 280 employees 218 in the United States and 62 employees in Israel.
  • Group 11 is a Silicon Valley based venture capital fund that invests in revolutionary technology companies from the financial services industry.
  • CEO of TASE, Ittai Ben-Zeev, said today: "We thank Group 11 and Veev for their confidence in us and are delighted to welcome them into TASE UP.

TASE's 2020 Summary - More High-Tech, More Trading, More Investors

Retrieved on: 
Tuesday, December 22, 2020
Tel Aviv Stock Exchange, Economy of the Middle East, Tase, Economy of Asia

At the press conference marking the end of 2020, Ittai Ben Zeev, CEO of TASE (TASE: TASE), today (Tuesday) summarized the past year's activities.

Key Points: 
  • At the press conference marking the end of 2020, Ittai Ben Zeev, CEO of TASE (TASE: TASE), today (Tuesday) summarized the past year's activities.
  • Another indication of the growing weight of the technology sector is the 6 high-tech companies that joined the TA-35 flagship index.
  • Capital raising on the equities market amounted to NIS 16.3 billion in 2020, compared to NIS 13.3 raised in 2019.
  • Total public offerings amounted to NIS 12 billion in 2020, an increase of 45% over the previous year.

Masdar and PT PJBI form joint venture to drive development of Indonesia's first floating solar power plant

Retrieved on: 
Thursday, December 17, 2020
Masdar, Cirata Dam, Dams, Economy of Asia, Cities in the United Arab Emirates

Pembangkitan Jawa Bali Masdar Solar Energi (PMSE), was formally announced at a ceremony at the Cirata reservoir in West Java, where the project will be located.

Key Points: 
  • Pembangkitan Jawa Bali Masdar Solar Energi (PMSE), was formally announced at a ceremony at the Cirata reservoir in West Java, where the project will be located.
  • The Cirata project marks the UAE's first investment in Indonesia's renewable energy sector, and will contribute to the nation's sustainable development."
  • "The creation of this joint venture company, PMSE, will enable us to continue the exceptional progress we have made on the Cirata Floating Photovoltaic Power Plant with our development partner PT PJBI," said Mohamed Jameel Al Ramahi, CEO of Masdar.
  • Through our joint venture company PJBI with Masdar, we commit to contribute to the development of new renewable energy power plants.

HKTDC Export Index 4Q20: Hong Kong exports expected to grow 5% in 2021

Retrieved on: 
Wednesday, December 9, 2020
Hong Kong Trade Development Council, Economy of China, Hong Kong, Economy of Asia, Cities in China, Hong Kong Trade Development Council Trade Fairs, Hong Kong International Lighting Fair

HONG KONG, Dec 9, 2020 - (ACN Newswire) - The HKTDC Export Index, published by the Hong Kong Trade Development Council (HKTDC), increased further in the fourth quarter of 2020.

Key Points: 
  • HONG KONG, Dec 9, 2020 - (ACN Newswire) - The HKTDC Export Index, published by the Hong Kong Trade Development Council (HKTDC), increased further in the fourth quarter of 2020.
  • Taking all these factors into consideration, the HKTDC forecasts Hong Kong's exports in 2021 will grow 5% by value year-on-year.
  • The HKTDC has also made an upward revision to its estimates for this year's total exports, from -10% to -3%.
  • - Hong Kong Export Index 4Q20: Exporter Sentiment Improves as Initial Covid-19 Shockwave Recedes https://bit.ly/2JpnkYX
    - Hong Kong Export Outlook for 2021: A Cautious, Fragile Recovery Awaits https://bit.ly/3g9NM4p
    The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade.

Melco embraces Artificial Intelligence to lead the charge against food waste in Macau

Retrieved on: 
Wednesday, December 9, 2020
Melco Resorts & Entertainment, Integrated resort, Companies, Economy of Asia

MACAU, Dec. 09, 2020 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment, a global leader in premium integrated resorts, announces that it will be rolling out Winnow Vision, an Artificial Intelligence (A.I.

Key Points: 
  • MACAU, Dec. 09, 2020 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment, a global leader in premium integrated resorts, announces that it will be rolling out Winnow Vision, an Artificial Intelligence (A.I.
  • Chefs can then adjust their food purchasing decisions accordingly, reducing spending and tackling a fundamental problem of overproduction.
  • Denise Chen, Senior Vice President and Chief Sustainability Officer of Melco Resorts & Entertainment, said, Melco is dedicated to tackling one of the industrys biggest challenges, food waste, while inspiring others to follow suit.
  • We are excited about continuing our collaboration with Winnow across our resorts to lead the charge against food waste in Macau.

The First Digital Bank (In Set up) Will Join as a Member to the Tel Aviv Stock Exchange

Retrieved on: 
Monday, December 7, 2020
Tel Aviv Stock Exchange, Tase, Economy of the Middle East, Tel Aviv, Economy of Asia

TEL AVIV, Israel, Dec. 7, 2020 /PRNewswire/ -- The Tel-Aviv Stock Exchange (TASE: TASE) announced today that the First Digital Bank has applied to join TASE as a member.

Key Points: 
  • TEL AVIV, Israel, Dec. 7, 2020 /PRNewswire/ -- The Tel-Aviv Stock Exchange (TASE: TASE) announced today that the First Digital Bank has applied to join TASE as a member.
  • In December 2019, the First Digital Bank was granted a regulatory approval to operate as a digital bank in Israel.
  • Gal Bar Dea, CEO of First Digital Bank (in set up):"By becoming a TASE member, the First Digital Bank (in set up) is reinforcing the foundations for the variety of digital services that will be available to our customers.
  • Ittai Ben-Zeev, CEO of TASE, said today:"We congratulate the First Digital Bank on choosing to become a member of TASE.

Fifth Belt and Road Summit draws to successful close

Retrieved on: 
Tuesday, December 1, 2020
Hong Kong Trade Development Council, Economy of China, Economy of Asia, Hong Kong, Cities in China, Hong Kong Trade Development Council Trade Fairs, Hong Kong International Lighting Fair

HONG KONG, Dec 1, 2020 - (ACN Newswire) - The fifth Belt and Road Summit, jointly organised by the Government of the Hong Kong Special Administrative Region (HKSAR) and the Hong Kong Trade Development Council (HKTDC), drew to a successful close today.

Key Points: 
  • HONG KONG, Dec 1, 2020 - (ACN Newswire) - The fifth Belt and Road Summit, jointly organised by the Government of the Hong Kong Special Administrative Region (HKSAR) and the Hong Kong Trade Development Council (HKTDC), drew to a successful close today.
  • Under the theme "A Business Vision for a Sustainable and Inclusive Future", the fifth Belt and Road Summit brought together more than 6,000 participants from about 80 countries and regions.
  • China International Capital Corporation Ltd served as the Strategic Partner of the fifth Belt and Road Summit.
  • - Belt and Road Summit website: www.beltandroadsummit.hk/en
    - HKTDC Belt and Road Portal: https://beltandroad.hktdc.com/
    The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade.

Fifth Belt and Road Summit opens today

Retrieved on: 
Monday, November 30, 2020
Hong Kong Trade Development Council, Belt and Road Initiative, Economy of China, Economy of Asia, Economy, Hong Kong Trade Development Council Trade Fairs

The fifth Belt and Road Summit opened today as an online event, covering plenary sessions, one-to-one business matching meetings and project pitching sessions.

Key Points: 
  • The fifth Belt and Road Summit opened today as an online event, covering plenary sessions, one-to-one business matching meetings and project pitching sessions.
  • Hong Kong is the ideal platform to turn Belt and Road projects into viable commercial opportunities, and it was here in 2016 that the Belt and Road Summit was conceived.
  • Growing together with the Belt and Road Initiative, the summit is now the premier international business event to find partners, raise funds and learn about new developments and investment opportunities on the Belt and Road.
  • - Belt and Road Summit website: www.beltandroadsummit.hk/en
    - HKTDC Belt and Road Portal: https://beltandroad.hktdc.com/
    The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade.

Regional Comprehensive Economic Partnership (RCEP) will deepen Pacific economic integration

Retrieved on: 
Friday, November 20, 2020
Trade blocs, Asia-Pacific, Economy of Asia, Regional Comprehensive Economic Partnership, International relations, World, Economy

LONDON, Nov. 20, 2020 /PRNewswire/ -- On 15 November, 15 countries signed the Regional Comprehensive Economic Partnership (RCEP).

Key Points: 
  • LONDON, Nov. 20, 2020 /PRNewswire/ -- On 15 November, 15 countries signed the Regional Comprehensive Economic Partnership (RCEP).
  • Over time, it should lead to deeper integration of regional supply chains and economies in East and South East Asia, boosting trade and productivity.
  • RCEP extends and links a number of existing trade agreements into a multi-lateral partnership covering most of the major economies in the Asia-Pacific region.
  • CRU big enough to deliver a high quality service, small enough to care about all of our customers.