SINGAPORE: GuocoLand Limited through its indirect subsidiaries, MTG Apartments Pte. Ltd. and MTG Retail Pte. Ltd., has secured a S$730 million green club loan from OCBC Bank, DBS Bank and ICBC Singapore Branch for the construction of a new luxury residential cum commercial development at Tan Quee Lan Street. The development is a joint venture…
Online automotive retailer Vroom files registration statement for proposed IPO
NEW YORK: Vroom Inc. has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC) relating to the proposed initial public offering (IPO) of its common stock. Application has been made for listing the common stock on the Nasdaq Global Market under the ticker symbol “VRM.” The number of shares…
Hemp grower launches building supplies division to capitalise on increasing demand
LONDON: HempFlax Int’l Ltd, Europe’s industrial hemp grower and processor, has launched its building supplies division following the acquisition of the assets, licencing, brand and certifications of Thermo Natur GmbH & Co. KG, a manufacturer of natural fibre insulation materials. The deal accelerates HempFlax’s strategy to integrate the business and own even more of the…
Fusionex International to implement data-driven digital platform for oil and gas giant
SINGAPORE: Fusionex has clinched a contract with one of the region’s largest oil and gas companies to implement a data-driven digital platform to enhance customer experience. The client is a global energy company, ranked amongst the largest corporations on Fortune Global 500 with over 1,000 gas stations. Known for their oil and gas ventures, their…
James Carey appointed Director of Technology at Alpha FX Group
LONDON: Alpha FX Group plc, an FX risk management and payments specialist, announces the appointment of James Carey as Director of Technology with immediate effect. James brings significant experience to Alpha, having spent 6 years at Betfair, most recently as Head of Technology, where he was responsible for the Betfair Exchange, the largest sports betting…
First Derivatives signs global partnership agreement with Tata Consultancy
LONDON: First Derivatives Plc (FD) has signed a global partnership agreement with Tata Consultancy Services (TCS), a leading global IT services organization, to develop and deploy solutions based on Kx technology and targeted at TCS’s client base across multiple industries. TCS has been the growth and transformation partner to leading corporations across industry verticals, helping…
Total, PureCycle agree to develop strategic partnership in plastic recycling
PARIS: Total has signed an agreement with PureCycle Technologies to develop a strategic partnership in plastic recycling. As part of the agreement, Total undertakes to purchase part of the output of PureCycle Technologies’ future facility in the United States and to assess the interest of developing a new plant together in Europe. PureCycle Technologies uses…
Silverlake wins digital innovation enhancement and maintenance contracts
SINGAPORE: Silverlake Axis Ltd has secured contracts to deliver innovative and transformative digital innovation enhancement solutions to 15 of its existing customers and one extended maintenance support contract during the third quarter ended 31 March 2020. The contracts are signed with 2 leading banks in Singapore, 6 large Malaysian banks, 3 banks in Indonesia, a…
Huawei opposes amendments made by the US Department of Commerce to its foreign direct product rule
NEW YORK: “Huawei categorically opposes the amendments made by the US Department of Commerce to its foreign direct product rule that target Huawei specifically”. This statement was issued officially by Huawei today. The statement further highlighted that the US government added Huawei to the Entity List on May 16, 2019 without justification. Since that time,…
Kongsberg Digital signs agreement for real-time software services worth $25 million
OSLO: Kongsberg Digital has signed a $25 million agreement for the delivery of real-time data aggregation and visualization software and various domain specific services for a major energy company. The agreement includes an upside potential of up to $5 million over the next five years, should the customer decide to expand delivery to all installations….
OPPO and Vodafone partner to bring OPPO products to Vodafone’s European markets
SHENZHEN: OPPO and Vodafone have announced a comprehensive partnership agreement that will bring a broad range of OPPO’s smartphones to Vodafone’s European markets starting from May 2020. As a leading smartphone brand with an innovative product portfolio, advanced 5G technology know-how, and annual handset shipments of more than 100 million, OPPO is a natural partner…
Directa Plus wins Technology Innovation Award from Frost & Sullivan
LONDON: Directa Plus Plc has received a Technology Innovation Award 2020 from global consultants Frost & Sullivan for its graphene based Grafysorber technology for treating waters and sludges contaminated by hydrocarbons. Directa Plus is a leading producer and supplier of graphene nanoplatelets based products for use in consumer and industrial markets. In the report, ‘Graphene…