SINGAPORE: Singapore Exchange Regulation (SGX RegCo) in consultation with the Accounting and Corporate Regulatory Authority and the Monetary Authority of Singapore is providing guidance on the holding of general meetings amid the COVID-19 situation. SGX RegCo had earlier announced measures to give time extensions for issuers with 31 December financial year-end to hold their annual…
Total acquires majority stake in the pioneering floating wind project Erebus
PARIS: Total S.A, a major energy player that produces and markets fuels and low-carbon electricity, has signed an agreement with the developer Simply Blue Energy to acquire 80% stake in the pioneering floating wind project Erebus located in the Celtic Sea, in Wales. The project will have a 96 megawatts capacity and will be installed…
Market outlook of U.S. life insurance, annuity segment revised to negative
NEW YORK: Insurance sector rating agency, AM Best has revised its market segment outlook on the U.S. life insurance and annuity (L/A) segment to negative from stable, due to the significant volatility and uncertainty in the financial markets created by the COVID-19 virus. In AM Best’s view, the L/A industry maintains strong capital and liquidity…
BW Energy announces 50pc capital expenditure reduction for 2020
OSLO: BW Energy, a growth E&P company with a differentiated strategy targeting proven offshore oil and gas reservoirs through low risk phased developments, has announces adjustments to the development program on the operated Dussafu Marin license in Gabon in response to the spread of the coronavirus (COVID-19) and restrictions on international travel. The deferral of…
Pandion Energy announces hydrocarbon discoveries close to Balder Field
OSLO: Pandion Energy, a private oil and gas company with licenses on the Norwegian Continental Shelf, has announced the discovery of oil and gas in production license 820 S through the drilling of exploration well 25/8-19 S, including sidetracks A and A2. The exploration well, including sidetracks, proved hydrocarbons at five different intervals. Preliminary evaluation…
Boku partners Pearl Abyss to extend mobile payments and eWallets globally
LONDON, UK: Boku Inc, an independent carrier commerce company, announced a multi-country launch of Direct Carrier Billing (DCB) and eWallet payment services for Pearl Abyss Corp, the Korean game developer. The launch countries include Russia, Turkey, Thailand, Philippines, Indonesia, Malaysia, and Singapore and alongside carrier billing will also include local eWallet payment services such as…
MJ Hudson acquires Meyler LLC
LONDON: MJ Hudson Group plc, the international financial services support provider, has acquired Meyler LLC, a marketing services and analytics business with a full and part time staff of eight, based in New York and Vancouver. Meyler will be integrated into MJ Hudson’s existing marketing and analytics business in the UK, to form a transatlantic…
Air Partner issues update of company’s approach to COVID-19 and outlook
LONDON: Air Partner Plc, the global aviation services group, has issued an update on the company’s approach to the COVID-19 virus, protective actions being taken, current trading and outlook. Despite the global impact of COVID-19, we have had an extremely busy start to the new financial year, with February reporting a good profit and March…
Bayer Pakistan calls for consistent policies to spur pharma industry’s growth
KARACHI: CEO and MD Bayer Pakistan Dr. Imran Ahmad Khan has called for consistent and transparent implementation of policies to enable the pharma industry provide research-based products along with employment opportunities, transfer of technology and to boost exports. He said in a statement that prompt and decisive decision-making would foster an environment where innovation can…
Huawei ramps up innovation and tops Europe patent applications
BEIJING: According to a new report by the European Patent Office, Huawei, a leading global provider of information and communications technology (ICT) infrastructure and smart devices, filed more patent applications in Europe than any other company last year, pioneering the development of solutions to support digital transformation worldwide. Of its patent applications, around two thirds…
Bidstack and Codemasters in-game advertising sign collaboration
LONDON: Bidstack Group, the native in-game advertising group, has reached a new exclusive agreement with Codemasters to deliver native in-game advertising into an upcoming 2020 title. Through the seamless integration of Bidstack’s lightweight SDK, leading brands and advertisers from around the world will be able to deliver contextually relevant ads in real time (either directly…
JTC acquires SANNE Group’s private client business
LONDON: JTC Plc has announced the acquisition of the assets, contracts and employees of SANNE Group plc’s private client business based in Jersey. TC is an award-winning provider of fund, corporate and private client services. The consideration is variable based on the satisfactory migration of clients to JTC and is capped at a maximum of…