SINGAPORE: Hong Leong Finance (HLF) has seen a surge in COVID-19 approved loan relief applications, reporting that it has approved applications from 500 customers, comprising 300 from local businesses and 200 from retail customers. HLF expects to see a further increase following the latest announcement by the Monetary Authority of Singapore to ease cash flow…
IQE wins BAE Systems’ Gold Tier Award
CARDIFF: IQE plc, manufacturer of advanced semiconductor wafer products for the global semiconductor industry, has won a Gold Tier Award for exceptional performance and contributions to supply chain success in 2019 for BAE Systems’ Electronic Systems sector. BAE Systems provides some of the world’s most advanced, technology-led defence, aerospace, and security solutions. Its Electronic Systems…
Rostelecom leads in J’son & Partners Consulting 2019 rating
MOSCOW: Rostelecom, Russia’s national telecommunications operator, has been ranked at the top of the independent J’son & Partners Consulting 2019 rating. According to the research, the major driver for subscriptions was the comprehensive office solution which includes Internet access, telephony, video surveillance and TV. The pay-TV subscriber base in the b2b segment has seen a…
S&P lowered long term credit ratings of South Africa
LONDON: S&P Global Ratings lowered its long-term foreign-currency sovereign credit rating on the Republic of South Africa to ‘BB-‘ from ‘BB’ and affirmed the ‘B’ short-term foreign-currency sovereign rating, with a stable outlook. At the same time, the long-term local currency sovereign credit rating for South Africa was lowered to ‘BB’ from ‘BB+’ and the…
Nazim Efendiev appointed CEO of Metalloinvest
MOSCOW: Metalloinvest Finance, a leading global iron ore and HBI producer and supplier and one of the regional producers of high-quality steel, has announced the appointment of Nazim Efendiev as CEO of Management Company Metalloinvest. He will combine the new role with the duties of First Deputy CEO, Sales Director. Ivan Streshinsky, Chairman of the…
Pakistan’s overall petroleum products’ sales decline 36% to 1.1mn tons
KARACHI: Pakistan’s overall petroleum products sales by oil marketing companies (OMCs) during April 2020 declined by 36 percent YoY to 1.1 million tons as economic activities declined significantly across country on the back of COVID-19 concerns, latest numbers issued by Oil companies Advisory Committee (OCAC) suggests. “As per market sources, oil consumption witnessed a rising…
SGX and AMTD International form partnership to enhance connectivity of financial markets
SINGAPORE: AMTD International and Singapore Exchange (SGX) have entered into a long-term strategic partnership to promote the development of Singapore’s capital markets and strengthen connectivity between Singapore, ASEAN, the Greater Bay Area, the rest of China and the Middle East. Through this collaboration, AMTD International and SGX will work together to meet the growing market…
Alfa Financial announces new contract win with an auto finance solutions provider
SYDNEY: Alfa Financial Software Holdings, a leading developer of mission-critical software for the asset finance industry, announced a new contract win with a leading provider of auto finance solutions. Company expects this new contract to rank in the middle tier, by monetary value, relative to other Alfa implementations. The agreement, which is with an existing…
Sigma Capital appoints Ian Sutcliffe as Non-executive Chairman
LONDON: Sigma Capital has announced the appointment of Ian Sutcliffe as Non-executive Chairman with immediate effect. Ian brings a wealth of board level experience in both house building and other companies. Most recently he was Group Chief Executive of Countryside Properties plc, until his retirement earlier this year, and Senior Independent Director at Ashtead Group…
MC Mining announces recommencement of coal production and lockdown update
LONDON: MC Mining Limited has provided a market update with regards to the impact on the Company of the global COVID-19 pandemic. MC Mining remains focused on taking the necessary precautions to prevent the spread COVID-19 and reducing the threat to our employees, contractors and stakeholders. Operations at the Uitkomst Colliery: The South African Government…
OptiBiotix Health signs deal for distribution of products in China and Hong Kong
LONDON: OptiBiotix Health plc has entered into a three-year distribution agreement with Pierce Group Asia subsidiary, Pierce ESIM Pte Limited. Founded in 2002 and headquartered in Singapore, Pierce specialises in cross border corporate development and investments with a focus on high growth partnerships. Pierce is an Asian focused B2B product developer and distributor with an…
Gaming Realms launches Slingo Originals on 888casino.com
LONDON: Gaming Realms plc has extended its licensing and revenue share agreement with 888 Holdings plc (888). Gaming Realms creates and licenses innovative games for mobile, with operations in the UK, U.S. and Canada. Through its unique IP and brands, Gaming Realms is bringing together media, entertainment and gaming assets in new game formats. Under…