UNCERTAINTIES over the Philippine government’s management of the coronavirus pandemic and deteriorating economic fundamentals will threaten the peso’s strength, Fitch Solutions Country Risk & Industry Research said. “We expect the peso to remain vulnerable to coronavirus disease 2019 (COVID-19) outbreaks, given low vaccination rates and difficulties containing outbreaks,” it said in a note on Tuesday […]
Tag: solutions
TVS Motor Company Forays Into the Personal E-Mobility Business With a Majority Stake in European E-Bike Brand EGO Movement
SINGAPORE, Sept 17, 2021 – (ACN Newswire via SEAPRWire.com) – TVS Motor Company, a reputed two-wheeler andthree-wheeler manufacturer globally, today announced a partnership with EGOMovement as a majority shareholder, in an all-cash deal through its SingaporeSubsidiary TVS Motor (Singapore) Pte Ltd. The partnership is in line with TVSMotor Company’s commitment to building an aspirational product […]
DoE clears Solar Philippines unit for green energy program
SOLAR Philippines Retail Electricity, Inc. is the newest participant in the government’s green energy option program (GEOP), bringing the number of eligible renewable energy (RE) suppliers to 14. In an announcement posted on its website this week, the Department of Energy (DoE) said the company joins power suppliers under First Gen Corp., AC Energy Corp. […]
Telefonica and NEC to Build Open RAN Live Pilots in 4 Global Markets as a Key Milestone Toward Mass Deployment
Madrid and Tokyo, Sep 14, 2021 – (JCN Newswire via SEAPRWire.com) – Telefonica and NEC Corporation (NEC; TSE: 6701) announced today that they have entered an agreement to conduct Open Radio Access Network (Open RAN) pre-commercial trials in Telefonica’s four core global markets: Spain, Germany, the UK and Brazil. Comments from Enrique Blanco, Chief Technology […]
Mooring Solutions Specialist Mooreast Asia Acquires Significantly Larger New Singapore Facility as it Prepares to Expand into Mooring Systems for Floating Wind Farms
Mooreast’s upgraded water-front facility at 51 Shipyard Road SINGAPORE, Sept 9, 2021 – (ACN Newswire) – Mooring solutions specialist Mooreast Asia Pte. Ltd. (“Mooreast”) said today that it has completed the acquisition of an upgraded water-front facility in Singapore that will more than double its capacity as it embarks on its strategic shift towards offshore renewable energy, particularly floating […]
NEC Announces Transfer of Shares in a Consolidated Subsidiary
TOKYO, Sep 3, 2021 – (JCN Newswire via SEAPRWire.com) – NEC Corporation (TSE: 6701) today announced the transfer of all shares in NEC Energy Solutions, Inc. (NEC Energy Solutions), a consolidated subsidiary, to LG Energy Solution, Ltd. (LG Energy Solution). The stock transfer is scheduled to take place following completion of required regulatory clearances. In […]
Quantum Solutions’ Capital Alliance Partner Applies for IPO in Hong Kong
HONG KONG, Aug 30, 2021 – (ACN Newswire via SEAPRWire.com) – According to the announcement dated in respect to “Notification for Change in Use of Fund by the Capital Partnership and the 2nd Series of Unsecured Convertible Bond with Stock Acquisition Rights”, Quantum Solutions, through Asia TeleTech Investment Limited, an indirect wholly-owned subsidiary, invested in […]
Witness Twelve MedTech Startups showcasing latest HealthTech Innovations
TAIPEI, TW, Aug 23, 2021 – (ACN Newswire via SEAPRWire.com) – SC Hospital (SCMH) and IRCAD Taiwan are collaborating with BE Accelerator, the largest healthcare accelerator in Asia, to present Batch 5, ‘DemoDay 2021: Applied Technologies for Minimally Invasive Surgery’. It’s the celebration of 12 brilliant startups x 24 intensive weeks, sharing their applied technologies […]
Setbacks cited in Philippine pandemic response
By Kyle Aristophere T. Atienza, Reporter and Alyssa Nicole O. Tan A MORE contagious Delta coronavirus variant has worsened the pandemic situation in the Philippines, with 16% of its hospitals nearly full, according to Fitch Solutions Country Risk and Industry Research. Of 1,291 hospitals in the country, more than 200 have reached critical levels amid […]
KGiSL wins Common infrastructure for Brokers Back Office Project from Stock Exchange of Thailand
India / Malaysia, Aug 17, 2021 – (ACN Newswire via SEAPRWire.com) – KGiSL, a global IT Products, Solutions, and Services provider, today announced the landmark contract that was won by KGiSL against significant competition from one of the largest stock exchanges in the ASEAN, The Stock Exchange of Thailand (SET). KGiSL will rollout Dolphin – […]
More FDI seen needed to plug current account deficit by 2022
THE CURRENT account deficit is likely to widen starting in 2022, pressing home the need for reforms to attract more foreign direct investment (FDI) rather than more transitory forms of inflows, Fitch Solutions Country Risk and Industry Research said. “Policymakers will have to manage the economy’s external financing needs over the long term, with a […]
Habitat for Humanity’s ShelterTech accelerator ends with bold vision for affordable housing
MANILA, Jul 21, 2021 – (ACN Newswire via SEAPRWire.com) – A Global Summit held on July 14 topped off Habitat for Humanity’s ShelterTech accelerator in Southeast Asia, the 10 startups pitched their work and progress to date, while investors and ecosystem partners wrapped with a critical reflection on innovation in affordable housing markets today. Launched […]
Opal and Funding Societies Partner to Strengthen SME Cash Flow
SINGAPORE, Jul 13, 2021 – (ACN Newswire via SEAPRWire.com) – Opal, a Major Payment Institution (MPI) licensed by the Monetary Authority of Singapore (MAS), and Funding Societies, Southeast Asia’s largest SME digital financing platform, have initiated a partnership to offer a range of financing solutions to Opal’s ecosystem of clients and partners. This partnership aims […]
Digital banking sector to grow amid rise in online transactions
ONLINE TRANSACTIONS have climbed due to the coronavirus pandemic. — KATEMANGOSTAR /FREEPIK.COM THE RISE in online transactions has opened opportunities for digital banking as many Filipinos remain unbanked or underbanked, Fitch Solutions Country Risk & Industry Research said, although the country’s underdeveloped digital infrastructure may limit the sector’s growth. “The Philippines’ large unbanked population, one […]
CETIN, NEC and Fortinet Join Forces to Modernize Large-scale Network in Four Countries
LONDON, Jul 6, 2021 – (JCN Newswire via SEAPRWire.com) – CETIN a.s. and NEC Europe Ltd., a wholly owned subsidiary of NEC Corporation, announced today the signing of a large network security project. Based on solutions of Fortinet and Cellusys, NEC will provide end-to-end services ranging from installation and commissioning to modernizing CETIN Group’s network […]
The combination of Venus Acquisition Corporation and Viyi Algorithm Inc. will increase its revenue by 176.8% in 2020
NEW YORK, June 10, 2021 Venus Acquisition Corporation (Nasdaq: VENA) (“Venus”), a publicly traded special purpose acquisition company, and VIYI Algorithm Inc. (“VIYI Algo”), a Cayman Islands exempted company operating in China and controlled by WiMi Hologram Cloud, Inc. (NASDAQ: WIMI), announced today that they have entered into a definitive merger agreement. A newly created merger subsidiary of […]
Northgate Public Services becomes NEC Software Solutions
Tokyo and London, Jul 2, 2021 – (JCN Newswire via SEAPRWire.com) – NEC Corporation (NEC; TSE: 6701) today announced that Northgate Public Services (NPS) has a new name and will now be known as NEC Software Solutions UK Limited. Since being acquired by the NEC Group in 2018, NEC Software Solutions’ customers have benefited from […]
NTT Group and NEC accelerate activities to promote 5G tailored for enterprises
TOKYO, Jun 28, 2021 – (JCN Newswire via SEAPRWire.com) – NTT Corporation (NTT), its subsidiary NTT DATA Corporation (NTT DATA) and NEC Corporation (NEC) announced today the acceleration of activities to promote the global adoption of 5G solutions tailored for enterprises. The three companies aim to develop these solutions to accommodate market demand that helps […]
Hitachi ABB Power Grids joins 450 MHz Alliance to develop critical communications solutions
ZURICH, SWITZERLAND, Jun 25, 2021 – (JCN Newswire via SEAPRWire.com) – Hitachi ABB Power Grids has joined the 450 MHz Alliance which brings together carriers; spectrum owners; and equipment, terminal and solution vendors to drive development of mobile networks in the 450 MHz frequency band. As natural disasters and cyber threats increase, wireless communication solutions […]
Avantor Named Best Company in Bioprocessing Excellence for Single-use Solutions and Best Bioprocessing Supplier for Upstream Processing at Biologics Manufacturing Korea 2021
Seoul, Korea, June 25, 2021 – (ACN Newswire via SEAPRWire.com) – Avantor, a leading global provider of mission-critical products and services to customers in the life sciences and advanced technologies and applied materials industries, was named best company in bioprocessing excellence for single-use solutions and best bioprocessing supplier for upstream processing at Biologics Manufacturing Korea […]