VND

Regina Miracle FY22 Interim Revenue Hits New High of HK$4.1 Billion with a Turnaround in Adjusted Net Profit of HK$275.6 Million Driven by Development of Multiple Segments through Innovation

Monday, November 29, 2021 - 8:17am

Gross profit grew by 101.3% to approximately HK$980.6 million, with gross profit margin up by 4.7 percentage points to 24.0%.

Key Points: 
  • Gross profit grew by 101.3% to approximately HK$980.6 million, with gross profit margin up by 4.7 percentage points to 24.0%.
  • Consequently, the Group turned around to net profit of approximately HK$254.3 million (1HF2021: net loss of HK$32.4 million) and net profit margin at 6.2%.
  • The sportswear segment contributed approximately HK$1,036.4 million in revenue, up 58.6% year-on-year and accounting for 25.4% of total revenue.
  • Segmental gross profit climbed by 100.2% to approximately HK$243.4 million, with gross profit margin up by 4.9 percentage points to 23.5%.

Regional Insurtech Igloo and Vietnam's AhaMove strengthen partnership with 3 new insurance products including hospital cash allowance to protect its drivers

Thursday, November 25, 2021 - 7:00am

Over the next three months, 3000 drivers who purchase Hospital Cash Allowance plans will enjoy a 60% discount.

Key Points: 
  • Over the next three months, 3000 drivers who purchase Hospital Cash Allowance plans will enjoy a 60% discount.
  • Drivers can choose from 3 plans starting from as low as 45,000VND/month, with hospitalisation allowance of up to 1,000,000VND/day.
  • Moving forward, Igloo will actively explore possible strategic partnerships to offer insurance protection solutions for the locals in Vietnam."
  • AhaMove also helps more than 25,000 Vietnamese drivers and drivers earn monthly income with attractive fee and bonus policy.

AEX Global Accelerates Global Strategic Development, Adds Banxa, Xanpool and Other Fiat Channels

Tuesday, October 26, 2021 - 1:37pm

DUBAI, UAE, Oct. 26, 2021 /PRNewswire/ -- On October 26th, AEX Global integrated with Banxa and Xanpool payment platforms, adding 22 new fiat currency access channels.

Key Points: 
  • DUBAI, UAE, Oct. 26, 2021 /PRNewswire/ -- On October 26th, AEX Global integrated with Banxa and Xanpool payment platforms, adding 22 new fiat currency access channels.
  • Banxa and Xanpool are secure, trusted and high-performance third-party custodian platforms for fiat currency and digital assets, serving institutional-level customers and qualified investors.
  • Currently, AEX Global users can participate in the cryptocurrency market through a variety of major fiat currencies.
  • After laying out fiat channels in multiple countries, AEX Global fiat services have been able to reach more than 90% of the global population, which will strongly promote the popularity of crypto assets.

Huobi Launches Ad Posting Feature on Huobi App

Monday, October 18, 2021 - 5:00am

LONDON, Oct. 18, 2021 /PRNewswire/ --Huobi Global today announced the launch of its ad posting function on the Huobi app.

Key Points: 
  • LONDON, Oct. 18, 2021 /PRNewswire/ --Huobi Global today announced the launch of its ad posting function on the Huobi app.
  • The release of the ad posting function comes as Huobi Global continues to expand its services to meet the needs of its global community.
  • "The launch of the ad posting feature on the Huobi app will also improve the liquidity of the P2P market, which will provide more options for digital asset buyers and sellers to choose from."
  • To help new advertisers create and post ads on the Huobi P2P platform, Huobi Global offers several detailed written tutorials and videos.

AM Best Affirms Credit Ratings of BIDV Insurance Corporation

Wednesday, September 29, 2021 - 4:50pm

AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of bbb (Good) of BIDV Insurance Corporation (BIC) (Vietnam).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of bbb (Good) of BIDV Insurance Corporation (BIC) (Vietnam).
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
  • For information on the proper use of Bests Credit Ratings, Bests Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Bests Ratings & Assessments .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry.

Vemanti Group Signs MOU with PVcomBank to Bring Banking Services to the Underserved

Wednesday, August 11, 2021 - 1:30pm

PVcomBank is a fully licensed and regulated bank in Vietnam with comprehensive core banking products and services.

Key Points: 
  • PVcomBank is a fully licensed and regulated bank in Vietnam with comprehensive core banking products and services.
  • PVcomBank has received numerous awards from prestigious international financial institutions, including "MostInnovative Digital Bank -Vietnam, 2020","Best Bank for Customer Services inVietnamfor 2021".
  • According to the signed MOU outlining the partnership, Vemanti will gain access to the technical know-hows and banking expertise of PVcomBank via the latters bank license, core banking services, and an existing technology platform purpose-built for API-based integration.
  • It is aimed to be a cost-effective and efficient approach to bring banking services to the underserved consumers and small businesses compared to traditional banking products that are either under-penetrated or under-marketed.