SINGAPORE: CapitaLand’s wholly owned lodging business unit, The Ascott Limited (Ascott), has opened lyf Funan Singapore, the largest coliving property in Southeast Asia. It is also the world’s first property under Ascott’s new ‘lyf’ coliving brand that is managed by millennials for the millennials and millennial-minded. lyf Funan Singapore is the first of Ascott’s record-breaking…
Ulrik Bengtsson appointed Chief Executive Officer of William Hill
LONDON: The Board of William Hill PLC announced that Philip Bowcock will step down as Chief Executive Officer and as a Director of the Company with effect from 30th September 2019. Ulrik Bengtsson, previously William Hill’s Chief Digital Officer, has been appointed Chief Executive Officer Designate and a Director of the Company with immediate effect….
ClearStar achieves ISO security accreditation
LONDON: ClearStar Inc, a provider of Human Capital Integrity SM technology-based services specialising in background and medical screening, has achieved ISO/IEC 27001:2013 accreditation, which certifies that the Company’s information security, cyber security and privacy protection systems and policies comply with international standards of best practice. Ken Dawson, CIO/CISO of ClearStar, said: “We have always taken…
Frasers Centrepoint Trust to join the FTSE EPRA/NAREIT Global Developed Index
SINGAPORE: Frasers Centrepoint Asset Management Ltd (FCAM), the manager of Frasers Centrepoint Trust (FCT), announced that FCT will be included in the FTSE EPRA/NAREIT Global Real Estate Index Series (Global Developed Index) from 23 September 2019. Richard Ng, Chief Executive Officer, FCAM, said, “We are delighted that FCT will be joining the FTSE EPRA/NAREIT index….
Vodafone and Oman Future Telecommunications announce strategic partnership
MUSCAT, OMAN: Vodafone Group and Oman Future Telecommunications (OFT) Thursday announced a strategic partnership agreement in the Sultanate of Oman as part of Vodafone’s Partner Markets programme. Under the non-equity agreement, the companies will work together to roll out a new mobile network and develop a number of new services using the Vodafone brand in…
Renewable technology innovations in focus at IRENA’s s Innovation Day
BANGKOK: Artificial intelligence and big data, the Internet of Things and batteries are innovative solutions that will enable massive solar and wind use and amplify the transformation of the power sector based on renewables. By 2050, over 60 per cent of total power generation could come from wind and solar renewables globally, driven by the…
European Commission adopts mandate to extend interim appeal arbitration arrangement
BRUSSELS: The European Commission today adopted a decision laying the groundwork to deal with the consequences of a possible blockage of the World Trade Organization’s (WTO) Appellate Body, the highest instance of WTO dispute resolution. This decision will enable the Commission to enter into interim appeal arbitration arrangements with third countries based on existing World…
Majority of U.S. insurers’ bank loan holdings of low credit quality
OLDWICK: Of the $40.6 billion in bank loans owned by the U.S. life/annuity, approximately three-quarters are rated below investment grade, according to a new AM Best report. The Best’s Special Report, titled, “Bank Loans: Low Credit Quality, But Manageable Exposure,” notes that bank loans as an asset class is not yet widely held throughout the industry….
Kingswood acquires WFI Financial for £14 million
LONDON: Kingswood Holdings Limited, the integrated wealth management group, has announced the acquisition of the business and assets of WFI Financial, a significant independent regional financial planning business based in Sheffield. The acquisition marks the continuation of the Group’s expansion of its national wealth management footprint to the Midlands and the North. The acquisition is…
NOVATEK signs MOU with H-Energy
VLADIVOSTOK: PAO NOVATEK and H-Energy Global Ltd, India, signed a Memorandum of Understanding (MOU) envisaging cooperation in LNG supplies to India on a long-term basis, joint investment in future LNG terminals of H-Energy and LNG projects of NOVATEK, as well as establishing a joint venture to market LNG and natural gas from NOVATEK’s portfolio to…
NOVATEK creates shipping joint venture with Sovcomflot
VLADIVOSTOK: Today, during the Eastern Economic Forum in Vladivostok, PAO NOVATEK and PAO Sovcomflot, signed the Heads of Agreement on creating a joint venture, a release issued to London Stock Exchange said. According to the agreement, the parties intend to create a shipping company, with the potential involvement of other joint venture participants. The joint…
Audioboom selects Voxnest as exclusive advertising technology partner
LONDON: Audioboom Group, the leading global podcast company, announced an advertising technology partnership with Voxnest, Inc, a leading b2b technology provider. Audioboom and Voxnest have worked together over several months to develop a scalable podcast advertising system that can quickly deliver ads to Audioboom’s inventory of podcasts. In 2018, Audioboom began the search for a…