Online Brokerage Tiger Brokers Announces Q2 2021 Results; Singapore’s Generation Z New Account Openings Up By +90% Y/Y

SINGAPORE, Sep 15, 2021 – (ACN Newswire via SEAPRWire.com) – Xiaomi-backed online brokerage Tiger Brokers (Singapore) Pte. Ltd. today announced that its quarterly business achieved a significant milestone as the number of account openings represented by Generation Z (18-24 yr) saw an increase of over 90 per cent compared to the same period last year. […]

ZALL Smart Commerce Group (2098.HK) increased revenue by 40.3% in 1H2021, aims for RMB100 billion on year

SINGAPORE, Sep 1, 2021 – (ACN Newswire via SEAPRWire.com) – ZALL Smart Commerce Group (ZALL; 2098.HK), Asia’s largest B2B e-commerce group, today announced its results for the first half 2021 (January 1 – June 30, 2021). ZALL’s revenue rose by 40.3 per cent year-on-year to RMB 50.16 billion (US$7.76 billion), on the back of stronger […]

Industries push back on including Thai auto parts in trade retaliation

INDUSTRY GROUPS said they are opposed to the inclusion of motor vehicle parts on a list of Thai products being considered for a suspension of tariff concessions. The Trade department is seeking to suspend tariff concessions in retaliation against Thailand over a 13-year-old trade dispute involving Philippine tobacco products.  The Tariff Commission in January presented […]

‘Gap’ noted in ASEAN, European Union views on sustainability amid hopes for trade deal

THE EUROPEAN Union (EU) said differences with ASEAN on sustainability matters must be resolved as the two blocs seek to revive free trade talks, the EU Ambassador said, adding that “gaps” between the two sides must also be addressed in terms of government procurement policies. The EU and the Association of Southeast Asian Nations (ASEAN) […]

De Lima to seek reelection 

OPPOSITION Senator Leila M. De Lima on Wednesday confirmed that she would seek reelection in next year’s polls, saying that what she called the political persecution she experienced under President Rodrigo R. Duterte’s administration only strengthened her resolve to fight for her advocacies.   In a letter addressed to Mr. Duterte ahead of his sixth and final State of the […]

Hong Kong Trade Development Council Chairman Dr Peter KN Lam confident in Hong Kong’s business environment

HONG KONG, Jul 20, 2021 – (ACN Newswire via SEAPRWire.com) – The Hong Kong Trade Development Council (HKTDC) noticed recent discussions on Hong Kong’s business environment. Dr Peter KN Lam, Chairman of the HKTDC, said that most companies operating in Hong Kong remain confident in the city’s business landscape. Dr. Lam said, “Based on my […]

PHL trade facilitation rating exceeds pre-pandemic score

THE PHILIPPINES’ implementation of trade facilitation measures hit 86% in 2021 from 80.7% in 2019 before the pandemic, according to a global survey conducted by the United Nations. The Philippines posted 100% scores in the transparency and formalities categories, maintaining its earlier performance, according to the United Nations Global Survey on Digital and Sustainable Trade Facilitation 2021 released […]

Online Brokerage Tiger Brokers strengthens Singapore operations with approvals-in-principle for SGX trading membership in securities and derivatives, and CDP clearing rights in Singapore

SINGAPORE, Jun 28, 2021 – (ACN Newswire via SEAPRWire.com) – Xiaomi-backed online brokerage Tiger Brokers (Singapore) Pte. Ltd. (“Tiger Brokers Singapore”) today announced that it has received approval-in-principle to be admitted as a Clearing Member of The Central Depository (Pte) Limited (“CDP”). Tiger Brokers has also received approval-in-principle from Singapore Exchange Securities Trading Limited (“SGX-ST”) […]

Singapore’s Commodities Intelligence Centre Signs Investment Agreement to Establish Its Overseas Digital Trade Platform in Chongqing’s Guoyuan Port

SINGAPORE, Jun 17, 2021 – (ACN Newswire via SEAPRWire.com) – Singapore-based Commodities Intelligence Centre (CIC) has signed an investment agreement with Chongqing Liangjiang New District Management Committee. The agreement will see an investment commitment of RMB 10 million (S$2.07 million) by CIC to establish its overseas digital trade platform in China’s Guoyuan Port in Chongqing […]

Trade panel to streamline Customs processes to aid small businesses

The newly established committee for trade facilitation is expected to help micro-, small-, and medium-sized enterprises (MSMEs) to be more active in international trade and widen their access to international goods and services, Finance Secretary Carlos G. Dominguez III said. During its first meeting Wednesday, Mr. Dominguez said the Philippine Trade Facilitation Committee (PTFC), which […]

Foreign ownership curbs seen limiting PHL digital integration with region

RESTRICTIONS on foreign participation have limited the Philippines’ integration with digital trade networks in the Asia-Pacific, the Philippine Institute for Development Studies (PIDS) concluded in a study. The report, How Ready Are We? Measuring the Philippines’ Readiness for Digital Trade Integration with the Asia-Pacific, found that the Philippines has a slightly restrictive policy and regulatory environment for […]

DiMuto and OPAL Announce Agrifood Fintech Partnership to Tackle Trillion Dollar Global Trade Finance Gap

SINGAPORE, Apr 30, 2021 – (ACN Newswire via SEAPRWire.com) – DiMuto, a global agri-fintech trade solutions company that provides end-to-end supply chain visibility for global agrifood trade, has partnered with OPAL, a Major Payment Institution (MPI) licensed by Monetary Authority of Singapore (MAS), to provide payment services on the blockchain-powered DiMuto Platform. Lim Ming Wang, […]

S.A.M. Trade (Asia) Pte Ltd (OTC: SMFX) begins US OTC trading

St Vincent & the Grenadines, Apr 14, 2021 – (ACN Newswire) – Global trading broker Samtrade FX Ltd. (Samtrade FX, the “Company”), together with its subsidiaries (the “Group”), announces that its affiliate, S.A.M. Trade (Asia) Pte Ltd, commenced trading March 31 on the US OTC markets under the symbol SMFX.Sam Goh, Founder and Chief Executive Officer of Samtrade FX, […]