SINGAPORE: RAM Rating Services Berhad has maintained ratings for the Frasers Hospitality Trust’s sponsored RM 477.48 million medium term Notes Series 2019-A issued by Notable Vision Sdn. Bhd. under NVSB’s RM750 million Medium Term Note Programme. The Notes Series 2019-A were issued in connection with the securitisation of The Westin Kuala Lumpur, one of the…
Peter Duffy appointed CEO of Moneysupermarket.com Group
LONDON: Moneysupermarket.com Group has announced the appointment of Peter Duffy as Chief Executive Officer. Peter will succeed Mark Lewis who, as announced in February, is stepping down as CEO. Peter Duffy is currently CEO of Just Eat Limited and before that was Chief Commercial Officer at easyJet and Marketing Director of Audi UK. Peter started…
Singapore Exchange and Economic Society launch essay competition on capital markets of the future
SINGAPORE: Singapore Exchange (SGX) and the Economic Society of Singapore (ESS) have partnered to launch the SGX-ESS Essay Competition that encourages participants to analyse and debate on how the networks and mechanisms of price formation are likely to evolve in the future. Markets are collections of individual sellers and buyers determining the prices of goods…
MelodyVR develops new content studio and launches music series ‘Live from LA’
LONDON: EVR Holdings plc, the leading creator of virtual reality entertainment content and operator of the MelodyVR platform, announced the launch of Live from LA, a new live music series delivered directly into fans’ homes around the world, broadcast from MelodyVR’s brand-new studio location in Los Angeles. Starting Saturday with an exclusive show from global…
Gresham House appointed investment manager to SEC
LONDON: Gresham House Asset Management Limited (GHAM) and Strategic Equity Capital plc (SEC) have entered into an investment management agreement whereby GHAM will become SEC’s new investment manager and alternative investment fund manager. The appointment will be effective from 21 May 2020. It remains the intention that Aberdeen Standard Gresham House Investment Management Limited, the…
CoStar Group agrees to acquire Ten-X Commercial for $190 million
WASHINGTON: CoStar Group Inc., the leading provider of commercial real estate information, announced plans to acquire Ten-X for $190 million in cash. Ten-X was launched in 2009 with the goal of providing a digital transaction platform for effectively liquidating the large volume of distressed commercial real estate assets that came on the market during the…
AWS announces major enhancements to Amazon Macie
SEATTLE: Amazon Web Services Inc. (AWS), an Amazon.com company, announced a series of major enhancements to Amazon Macie, delivering important new features, greater availability worldwide, and substantially reduced pricing. The new features include updated machine learning models for more accurate detection of Personally Identifiable Information (PII), support for customer-defined data types, and native multi-account management…
Pexip listed on the Oslo Stock Exchange after the first fully-virtual IPO in Norway
OSLO: Pexip Holding, a video communications provider, was today listed on the Oslo Stock Exchange trading under the symbol PEXIP. Around the world, countries are in lockdown to prevent the spread of the Covid-19 virus, creating a surge in remote work and unprecedented demand for video conferencing. Organizations are relying on Pexip’s video platform to…
Medherant partners with Cycle Pharmaceuticals to develop new products
LONDON: Medherant Ltd, the transdermal drug delivery company, has entered into a partnership with Cycle Pharmaceuticals to develop new products using Medherant’s proprietary TEPI Patch technology. Mercia Asset Management PLC holds a 30.1% direct stake in Medherant Ltd. Under the terms of the partnership, Medherant will receive an initial upfront licence payment with an additional…
SGX to hold month-long webinar series on the current state of the global economy
SINGAPORE: Singapore Exchange (SGX) will be hosting Commodities Unplugged, a month-long webinar series from 18 May to 12 June, featuring commodities industry specialists and subject matter experts who will share independent and actionable insights on the current state of the global economy, what the post-pandemic world may look like and its impact and linkages between…
Mark Garrett appointed Chief Operating Officer of Ceres Power Holdings
HORSHAM: Ceres Power Holdings, a global leader in fuel cell technology and engineering, announcesd the appointment of Mark Garrett as Chief Operating Officer joining the Executive Management board, effective from 10 August 2020. Mark joins Ceres from Ricardo plc, where he held various positions including Chief Operating Officer and Group Strategy Officer. During his time…
Lloyd’s market set to pay out up to $4.3bn to customers
LONDON: Lloyd’s, the world’s leading (re)insurance market, revealed that it will pay out in the range of $3 billion to $4.3 billion to its global customers as a result of the far-reaching impacts of COVID-19. This is on a par with 9/11 in 2001 and the combined impact of hurricanes Harvey, Irma and Maria in…