While the restructuring allows EPF contributors more flexibility to manage their overall financial well-being, it requires more discipline from the contributors. Already, 40% of the EPF members have average savings of less than RM2,000 in their accounts and 80% have less than RM30,000. Clearly, these amounts are not sufficient to support any form of retirement. For a majority of Malaysians, money in the EPF represents the only savings they have after retirement. Given that having financial discipline is not a quality that most Malaysians possess, the creation of the flexible account could put many Malaysians in poverty after retirement.
Webull Corporation Announces 24-hour Trading for US Stocks Across Key Markets in Asia Pacific
by PR Newswire on Mon, 20 May 2024 10:08:00 +0800
SINGAPORE, May 20, 2024 /PRNewswire/ -- Webull Corporation, owner of the popular trading platform, has announced the launch of 24-hour trading for US equities and ETFs, powered by Blue Ocean, for key markets across the Asia Pacific including Australia, Hong Kong SAR, Japan, and Singapore. read more
SINGAPORE, May 20, 2024 /PRNewswire/ -- Webull Corporation, owner of the popular trading platform, has announced the launch of 24-hour trading for US equities and ETFs, powered by Blue Ocean, for key markets across the Asia Pacific including Australia, Hong Kong SAR, Japan, and Singapore.
The launch of the 24-hour US stock trading will support popular individual securities and ETFs such as Tesla, Nvidia, Microsoft, Amazon, Google, and SPY ETFs.
Previously, local investors in APAC could only trade US stocks and ETFs across regular and extended trading hours via Webull's platform. However, with Webull's new 24-hour trading feature, trading of US stocks and ETFs will be available both during and outside of regular and extended US trading hours. Trading after hours will be within a brand-new trading session – US overnight trading.
In Asia Pacific regions, time zone differences have traditionally presented a hurdle for investors looking to participate in the dynamic US market. The introduction of 24-hour trading empowers these investors by enabling them to conveniently invest and stay informed on market developments, even outside of traditional US trading hours. This opens doors for investors to diversify their portfolios and access high-growth opportunities in sectors and companies distinct from those offered on their local exchanges.
Anthony Denier, Group President, Webull Corporation, said, "We're seeing a strong and growing community of international investors, particularly from the APAC region, actively participating in the US market. However, factors like time zone differences and navigating unfamiliar regulations can create challenges. The 24-hour trading feature is part of our ongoing effort to bridge those gaps with a growing suite of tools and educational resources tailored for international investors. Our goal is to empower all investors to navigate the US market with confidence."
The new feature manages the risk of price movements outside of normal US market hours, allowing traders to enjoy price certainty and guaranteed next-day settlement of their trades, regardless of when orders are executed.
With the launch of 24-hour US trading feature in key Asia Pacific markets, Webull continues to prioritise innovation to provide its users with the best-in-class investing and trading experience.
Region | Trading Hours | ||||||
Pre-market | Regular | After hours | Overnight | ||||
Webull
| 4:00PM – 9:30PM | 9:30PM – 4:00AM | 4:00AM – 8:00AM | 8:00AM – 4:00PM | |||
Webull
| |||||||
Webull | 5:00PM – 10:30PM | 10:30PM – 5:00AM | 5:00AM – 9:00AM | 9:00AM – 5:00PM | |||
Webull | 6:00PM – 11:30PM | 11:30PM – 6:00AM | 6:00AM – 10:00AM | 10:00AM – 6:00PM | |||
To learn more about Webull's 24-hour US equities trading product, more information is available on the website: https://www.webull.com/
Media contact:
Cognito for Webull
Webull@cognitomedia.com
About Webull:
Webull is a leading digital investment platform built on next generation global infrastructure. The Webull Group is headquartered in St. Petersburg, Florida and backed by private equity investors located in the United States, Europe and Asia. Webull serves tens of millions of users from over 180 countries, providing retail investors with 24/7 access to global financial markets. Users can put investment strategies to work by trading global stocks, ETFs, options and fractional shares, through Webull's trading platform, which is currently available in the United States, the United Kingdom, Hong Kong SAR, Singapore, Indonesia, Japan, South Africa, Australia and Canada. Webull also offers investment education services, with lessons covering a wide range of topics.
Global trading platform Webull expands to Malaysia
by PR Newswire on Mon, 20 May 2024 10:00:00 +0800
Webull Malaysia's technology-powered, all-in-one platform seeks to inspire greater participation from retail investors of all levels read more
Webull Malaysia's technology-powered, all-in-one platform seeks to inspire greater participation from retail investors of all levels
KUALA LUMPUR, Malaysia, May 20, 2024 /PRNewswire/ -- Webull Securities (Malaysia) Sdn. Bhd. ("Webull Malaysia"), announces the launch of the leading global trading platform, Webull, in Malaysia. Designed for investors of all levels, Webull Malaysia provides access to trade Bursa Securities and Bursa Derivatives alongside US-listed stocks and exchange-traded funds (ETFs) via the Webull Malaysia app. In April, Webull Malaysia secured a Capital Markets Services License for Dealing in Securities (restricted to listed securities) and Dealing in Derivatives from the Securities Commission Malaysia.
Webull Malaysia's entry into the local market comes amid efforts by Bursa Malaysia to promote growth and participation from retail investors, especially the younger generation, in the local stock exchange. As of Q1 2024, local retail investor participation in the securities market stood at 22%, while participation in the derivatives market stood at 17% for FKLI and 25% for FCPO respectively[1].
Built on next-generation global infrastructure and proprietary technology from Webull, the Webull Malaysia trading platform offers an integrated suite of real-time quotes, market information, financial news, industry data, insights and analyst ratings, all from trusted sources in a single touchpoint, to help investors make informed decisions. In addition, Webull Malaysia also features a Shariah indicator to help investors identify the Shariah-compliance status of stocks before they engage in any transactions.
"We are excited to introduce Webull's technologically advanced digital investment platform to the growing investor community in Malaysia. Our expansion into the country brings equal opportunities for all investors, irrespective of their investment or trading experience. Making investing more inclusive and accessible to all, Webull Malaysia brings best-in-class tools and information to empower investors of all levels with knowledge and skills to help them make better investment decisions and achieve their investment goals," said Kenneth Chan, Chief Executive Officer, Webull Malaysia.
Recognising the importance of financial education and literacy as the cornerstone of responsible investing, and in line with its Learning, Sharing, Investing philosophy, investors on Webull Malaysia will also gain access to investment educational resources and tools via Webull Learn. Available on-demand, investors can access content such as explainers of investment terminology, best practices, and how-to guides. Investors who want to practise their trading skills and simulate their strategies can also utilise Paper Trading, an in-platform training simulator where investors can buy and sell without involving real money.
"Technology is the core of our business, and we are committed to synergising technology with finance to provide secure, reliable, and intelligent products and services within a seamless trade experience. Through advanced trading tools and services, best-in-class learning resources and shareable content on the Webull Malaysia platform, investors can grow in their investment journeys in a supportive environment. With these, we expect to reduce the barriers to invest faced by investors in Malaysia and aim to encourage people to build longer-term savings through investment opportunities," added Kenneth.
Webull Malaysia offers competitive brokerage fees for trades with no platform fees. To commemorate its launch, Webull Malaysia offers zero commission on tradeable Bursa-listed stocks, US-listed stocks, and ETFs on the Webull app for 180 days from opening a Webull Malaysia account. Investors can also stand to secure five Apple shares through Webull Malaysia's launch sign-up campaign.
The Webull Malaysia platform is a native-language app available in Bahasa Malaysia and English from the Apple App Store and Google Play Store.
About Webull
Webull is a leading digital investment platform built on next-generation global infrastructure. The Webull Group is headquartered in St. Petersburg, Florida in the United States and backed by private equity investors located in the United States, Europe, and Asia. Webull serves tens of millions of users from over 180 countries, providing retail investors with 24/7 access to financial markets worldwide. With low-cost trading on a wide range of assets, Webull is revolutionising the way individuals approach investing.
Webull Securities (Malaysia) Sdn. Bhd., a subsidiary of the Webull Group ("Webull"), holds a Capital Markets Services License for Dealing in Securities (restricted to listed securities) and Dealing in Derivatives from the Securities Commission Malaysia.
For media queries, please contact:
Hooi Mun Keong
Marketing, Webull Securities (Malaysia) Sdn. Bhd.
Email: munkeong.hooi@webull-my.com
Colin Lau
Blue Totem Communications
webull@bluetotem.co
PRUDENTIAL PLC, ACCENTURE, FINE HYGIENIC HOLDING, SPIN MASTER, DIAGEO, TO LEAD FOR 2024 WORLD EDITION OF BREAK THE CEILING TOUCH THE SKY®
by PR Newswire on Mon, 20 May 2024 09:30:00 +0800
World's Most successful Companies to collaborate and share best practices on leadership, DEI and success at 10-Year anniversary World Edition of BTCTTS. read more
World's Most successful Companies to collaborate and share best practices on leadership, DEI and success at 10-Year anniversary World Edition of BTCTTS.
SINGAPORE, May 20, 2024 /PRNewswire/ -- House of Rose Professional (HORP) announced today that the 2024 World Edition of Break the ceiling touch the sky® - the success and leadership summit for women would be held live on Nov 11, 2024 in Singapore. Prudential plc, Accenture, Fine Hygienic Holding, Spin Master and Diageo will lead as early sponsors for this 10 year anniversary world edition of the summit which will bring together leaders from the world of business, not-for-profit and government to exchange cutting-edge best practices on leadership, diversity & inclusion and success. This year's world edition will also recognize the most inspirational women in leadership and the best global companies for women in leadership.
The 2024 World Edition supports MISSION 2029 FOR A BETTER WORLD– the 10-year initiative (started in mid 2020), led by HORP and several global Companies to shape a better world via quintupling the number of Female CEOs (from 14 in 2020 to 70 in 2029) and doubling the number of Male CEOs (who actively advocate for diversity & inclusion) in the world's 500 largest companies by 2029. Since 2014, Break the Ceiling Touch the Sky® has enabled the success of over 40,000 women leaders and several thousand male champions for Diversity, Equity and Inclusion via the summit and associated programs from HORP. At the time of this Release, the number of Female CEOs in the world's 500 largest Companies is up to 29. The summit is supported by the world's most successful Companies which continue to realize business, innovation and organizational benefits from the acceleration of gender equality in their leaderships.
Victor Mills, Chief Executive, Singapore International Chamber of Commerce (SICC) commented, "The Chamber is very proud to be an Industry Partner of Break the ceiling touch the sky® and has been for the last 10 years. SICC believes in gender equality, equal pay and the positive power of inclusion. I encourage you to attend this important annual summit. It attracts some of the very best business leaders who share their experiences and the positive power of diverse work teams and company boards. Anyone who wants to know why and how inclusiveness in the workplace makes for better and more successful businesses should attend. It will be well worth your time."
Sheela Parakkal, Group Head of Leadership, People Development & Experience, Prudential plc, shared, "Prudential is proud to once again be a sponsor for Break the ceiling touch the sky®. At Prudential, our purpose is 'for every life, for every future'. We have a mission to be the most trusted partner and protector for today's generations and generations to come. By embedding diversity and inclusion in the way we do business and how we organise ourselves, we are committed to building a sustainable talent pipeline of high performing leaders who are committed to delivering on our purpose. We are delighted to support this programme that develops, motivates, and empowers women to flourish as leaders across sectors."
Anca Vasilescu, Managing Director, SEA Inclusion & Diversity Lead, Accenture Singapore shared; "Inclusion and diversity begins with leadership. Our commitment starts from the top – with our leadership and is reflected in our work around the world. We are committed to helping all our people thrive, including advancing inclusion and diversity for women. We are a founder partner of Break the ceiling touch the sky® and are delighted to be leading at this 10 year anniversary celebration of the years of impact together in advancing gender equality and shaping a better world."
Commented James Michael Lafferty, CEO of Fine Hygienic Holding, "We are proud to be a sponsor once again of the 2024 World Edition of Break the ceiling touch the sky. Renewing our partnership reiterates our commitment to our ongoing mission to make FHH's workplace environment more inclusive and inviting for females. I am proud of the progress our company is making in this arena, adopting best practices, and celebrating the efforts and contributions of its females by rolling out world-class policies and programs that ensure they are operating in a supportive environment that allows them to unleash their potential and thrive. We are looking forward to celebrating this 10 year anniversary of Break the ceiling touch the sky® ."
Max Rangel, CEO and Global President, Spin Master shared, "Being open-minded and embracing diversity are values we hold closely as part of Spin Master's culture. We believe that diversity of thought fuels new ideas and innovations, which is essential to helping us to reimagine everyday play. Our hope is that we can continue to advance inclusivity to foster a workplace where everyone has an equal opportunity to thrive and are delighted to partner with Break the ceiling touch the sky® to further our goal."
Shared Preeti Arora Razdan, Managing Director, Southeast Asia, Diageo; "We believe our continued partnership with Break the Ceiling Touch the Sky® is key to unlocking a truly inclusive and sustainable future. At Diageo, diversity is at the heart of everything we do, from building talented teams and sourcing diverse suppliers to ensuring our brands authentically reflect the world around us. We further extend this commitment to empower women and other communities through skills programs that improve employability and livelihoods. Anyone who echoes the common mission in shaping a better world through diversity should attend the event and be inspired by how we can realise this reality through action."
Commented Anthony A. Rose, Chairman and CEO, House of Rose Professional and best-selling author of "Break the ceiling touch the sky: success secrets of the world's most inspirational women" – the book that inspired the global summit. "The World Edition is our signature forum held annually to equip leaders with the best tools and techniques for success, learning across industries and organizations for the year ahead. It is an easy and cost effective means by which Organizations can invest in their leaders and learn from the best practices of the world's best!! We are pleased to hold the summit live in Singapore – an excellent home for businesses to learn, network and achieve alongside the world's best organizations, and continue our progress on MISSION 2029 FOR A BETTER WORLD."
The 2024 World Edition of Break the ceiling touch the sky® has as its partners a host of Associations and Chambers of Commerce. Preferential Delegate rates apply to these Industry Partners. Companies interested in joining as Participating Companies may sign up at www.houseofroseprofessional.com
Companies interested in leading as Sponsors may email anthony@houseofroseprofessional.com
The 2024 World Edition of BTCTTS follows hard on the heels of other Break the ceiling touch the sky editions earlier in 2024 including:
The 2024 Americas Edition of Break the ceiling touch the sky® being held in New York on July 16, 2024
The 2024 Middle East & Africa Edition of Break the ceiling touch the sky® , being held in Dubai on Sept 9, 2024.
Sign up for all editions at www.houseofroseprofessional.com
House of Rose Professional Pte. Ltd. (HORP) is a global leader in the Talent, Training and Transformation areas of business via its brands Break the ceiling touch the sky®, @BeliEVE® and CEOSmith®. HORP enables organizations to build sustainable competitive advantage via better diversity & inclusion, better leadership, and better business.
INQUIRIES:
Anthony A. Rose at anthony@houseofroseprofessional.com
South Korean Government's "Value-Up Program" Fuels Growth for Hecto Financial in Evolving Payment Landscape
by PR Newswire on Mon, 20 May 2024 09:00:00 +0800
Empowering Corporate Growth Through Government Initiatives read more
Empowering Corporate Growth Through Government Initiatives
SEOUL, South Korea, May 20, 2024 /PRNewswire/ -- The South Korean government is spearheading the "Value-Up Program," a strategic initiative aimed at elevating the worth of Korean enterprises and fostering a culture of shareholder appreciation. This long-term policy aims to empower companies listed on the KOSPI and KOSDAQ stock exchanges to enhance their corporate value autonomously. Under this program, companies are incentivized to develop and execute plans to improve their value, while the government identifies and rewards those contributing to this objective with tax incentives, commendations, and other perks.
Hecto Financial: A Standout Beneficiary of the Value-Up Program
One notable beneficiary of this initiative is Hecto Financial, a TechFin (Technology Financial) firm specializing in electronic payments and payment gateways, listed on the KOSDAQ. Alongside its parent company, Hecto Innovation, a mobile authentication and electronic payment company, Hecto Financial has unveiled a comprehensive shareholder return plan, including share buybacks and a cash dividend representing 25% of net profits.
Hecto Financial's Remarkable Growth and Market Dominance
With an annual payment volume exceeding KRW 200 trillion (approximately USD 168 billion), Hecto Financial has emerged as a leading player in the South Korean market for electronic payments and payment gateways. Demonstrating significant growth, the company's first-quarter results for 2024 showcased a 41.3% increase in operating profit compared to the same period last year, maintaining a consistent growth rate of over 10% annually.
A2A Dominance: Strengthening Hecto Financial's Financial Ecosystem Position
Hecto Financial's dominance in Account-to-Account (A2A) transactions further solidifies its position in South Korea's financial ecosystem. A2A transactions enable seamless fund transfers between different financial institution accounts, a vital service in a market where 98.7% of individuals aged 15 and above hold financial accounts.
Pioneering Innovation: Hecto Financial's Stronghold in Payment Solutions
Established in October 2000 as SettleBank, Hecto Financial pioneered the creation of virtual accounts and online banking systems. With a strong network of collaborations with banks across South Korea, Hecto Financial has maintained its stronghold, commanding approximately 90% market share in e-commerce and over 60% across all sectors domestically.
Unrivaled Origin Rights: Hecto Financial's Leading Position in Payment Realm
Beyond A2A transactions, Hecto Financial distinguishes itself through its synergy with other payment methods and its ability to provide tailored services. It holds the origin rights for top payment methods in South Korea, including card payments and direct carrier billing (DCB), a testament to its unrivaled status in the payment realm. Origin rights refer to the rights to directly provide payment services for customers through the means of cards, accounts, carrier billing, and the origin rights are only granted to companies recognized as trusted partners. Hecto Financial is the only company that has earned the trust of all banks, card issuers, and telecommunications companies to possess such comprehensive origin rights.
Anticipating Continued Growth: Hecto Financial's Prospects Amid Government Initiatives
As the South Korean government's "Value-Up Program" gains momentum, companies like Hecto Financial are poised for further growth and value appreciation. With the convergence of government initiatives and industry strengths, investors can anticipate enhanced value maximization in Hecto Financial and similar enterprises operating in South Korea's vibrant financial technology sector. Hecto Financial's fundamental strength, coupled with the convergence of South Korea's government value-up policies, is expected to further maximize investor value this year.
RCEP to bring more vitality and certainty
by PR Newswire on Mon, 20 May 2024 08:15:00 +0800
HAIKOU, China, May 20, 2024 /PRNewswire/ -- The Regional Comprehensive Economic Partnership — a free trade agreement that has created the world's largest trading group — is sending a strong signal in favor of open markets, fair competition and rules-based trade at a time when protectionist tendencies and trade tensions are posing challenges to stable supply chains and global economic recovery, officials and experts said on Sunday. read more
HAIKOU, China, May 20, 2024 /PRNewswire/ -- The Regional Comprehensive Economic Partnership — a free trade agreement that has created the world's largest trading group — is sending a strong signal in favor of open markets, fair competition and rules-based trade at a time when protectionist tendencies and trade tensions are posing challenges to stable supply chains and global economic recovery, officials and experts said on Sunday.
Members of the audience listen to an address on sharing the benefits of the RCEP and advancing international cooperation at the 2024 RCEP Media & Think Tank Forum in Haikou, Hainan province, on Sunday. PROVIDED TO CHINA DAILY
China, as the largest economy within the RCEP framework, will work closely with other member countries to unlock the full potential of the agreement and ensure that its benefits are shared by all for win-win cooperation, they said at the fourth edition of the RCEP Media and Think Tank Forum in Haikou, Hainan province.
The RCEP, with its vast regional population, substantial GDP and significant volume of goods trade, each accounting for approximately 30 percent of the global share, took full effect in June last year among its 15 signatory countries — China, Australia, Japan, New Zealand, South Korea and the 10 member states of the Association of Southeast Asian Nations.
Looking ahead, the RCEP is set to unleash more vitality as member countries make significant strides in enhancing connectivity and boosting trade and investment, said Hu Kaihong, a member of the Affairs Council of the Publicity Department of the Communist Party of China Central Committee.
Thanks to provisions such as tariff reductions, cumulative rules of origin and streamlined customs procedures, the agreement has facilitated the continuous entry of high-quality products from member countries into the Chinese market over the past few years.
Last year, the total import and export volume between China and other RCEP members reached 12.6 trillion yuan ($1.7 trillion), statistics from the General Administration of Customs showed. This accounted for 30.2 percent of China's total foreign trade, a 5.3 percent increase compared with 2021, the year before the agreement came into force.
Yin Libo, vice-governor of the Hainan provincial government, said the agreement's multiple effects of trade creation, growth promotion and job generation have brought a rare sense of certainty to a world grappling with mounting uncertainties.
Hainan, in particular, will capitalize on the combined advantages of the RCEP and the policies of its free trade port, to foster a base for Chinese companies venturing into international markets and a hub for overseas enterprises seeking entry into the Chinese market, Yin said.
Last year, Chinese enterprises enjoyed a reduction of import duties worth 2.36 billion yuan within the RCEP framework. Importing enterprises based in the RCEP trading partners' economies also benefited immensely from preferential treatment, to the tune of 4.05 billion yuan, data from the Ministry of Commerce showed.
Qu Yingpu, publisher and editor-in-chief of China Daily, said the world today is far from being peaceful, with conflicts and disputes arising one after another. Narratives of a new Cold War or confrontation are all too common, and there are those who advocate "decoupling and severing supply chains" and creating "small yard, high fence", he said.
The World Trade Organization said in April that it expected global trade in goods volume to increase 2.6 percent this year, indicating a decrease of 0.7 percentage point compared with the prediction made in October. It warned that geopolitical tensions continue to pose a significant risk to its outlook, as signs of trade fragmentation rise.
The RCEP must further boost the utilization of its rules, upgrade rules and standards, and broaden the scope of cooperation, Qu said. By doing so, it can continue to unleash policy dividends and strengthen the efforts in building a better world, he added.
The RCEP is projected to drive an annual increase of $186 billion in global GDP by the year 2030, according to the Washington-based Peterson Institute for International Economics.
Chi Fulin, president of the China Institute for Reform and Development, said that due to the short implementation time and low awareness of enterprises, the rate of some members' use of RCEP rules is still low.
Speeding up improvement of the rate of utilization of RCEP rules will further enhance the vitality of the large regional market, he said.
With the Hong Kong Special Administrative Region playing a key role as an international trade center, international financial center and international arbitration center, its accession to the RCEP, if it becomes a reality, will play a unique role in promoting the RCEP regional market, Chi said.
At the same time, research and communication on issues that concern India should be strengthened to attract the South Asian country's interest in rejoining the RCEP, he added.
Kao Kim Hourn, secretary-general of ASEAN, said that the RCEP must work for all businesses, with a particular focus on micro, small and medium-sized enterprises, which account for on average more than 95 percent of registered businesses and provide between 30 percent and 85 percent of total employment in RCEP economies.
The MSMEs must be furnished with the necessary know-how to take advantage of the RCEP and other free trade associations to grow our businesses and economies together and leave no one behind, he added.
Shi Zhongjun, secretary-general of the ASEAN-China Center, said that against the backdrop of declining global openness, rising trade costs and bottlenecks of supply chains in the world, the RCEP could promote the free flow of production factors in a wider scope, realize the optimal allocation of production factors, promote the specialized division of labor and spur more new quality productive forces and innovations.
Such efforts will help regional cooperation advance toward a more inclusive, modern, comprehensive and mutually beneficial direction, Shi said.
The forum, themed "Shared Benefits, Win-win Cooperation" this year, was held by the Publicity Department of the CPC Hainan Provincial Committee, China Daily and the China Institute for Reform and Development.
SUNRATE joins Mastercard's Priceless Planet Coalition
by PR Newswire on Mon, 20 May 2024 08:00:00 +0800
SINGAPORE, May 20, 2024 /PRNewswire/ -- SUNRATE, an intelligent global payment and treasury management platform today announced it has joined Mastercard Priceless Planet Coalition in support of fighting climate change through funding the restoration of 100 million trees. This announcement is part of the global fintech's efforts to contribute to a sustainable economy and improvement of the planet. read more
SINGAPORE, May 20, 2024 /PRNewswire/ -- SUNRATE, an intelligent global payment and treasury management platform today announced it has joined Mastercard Priceless Planet Coalition in support of fighting climate change through funding the restoration of 100 million trees. This announcement is part of the global fintech's efforts to contribute to a sustainable economy and improvement of the planet.
"The Priceless Planet Coalition works by uniting companies, communities and consumers in collective, coordinated climate action. By pooling resources, it's possible to rapidly scale forest restoration work and environmental initiatives, while providing forward-thinking companies like SUNRATE with pre-existing infrastructure that easily – and cost effectively – allows them to have a tangible impact. It is this connectivity that makes the Priceless Planet Coalition different and more effective," said Sandeep Malhotra, executive vice president, Products & Innovation, Asia Pacific, Mastercard.
Mastercard founded the Priceless Planet Coalition in January 2020 which is guided by climate science and forest restoration experts Conservation International (CI) and World Resources Institute (WRI). The Coalition employs rigorous science-based best practices for the selection, implementation and monitoring of forest restoration efforts.
"Tackling climate change is critical to our sustainability framework and studies have shown that reforestation is key to combating global warming, which in turn influences climate change positively. Therefore, we are proud to join this initiative and work together with Mastercard and other stakeholders to protect our planet and make our lives greener," said Darren Thang, Head of Marketing of SUNRATE.
About SUNRATE
SUNRATE is an intelligent global payment and treasury management platform for businesses worldwide. Since its inception in 2016, SUNRATE is recognised as a leading solution provider and has enabled companies to operate and scale both locally and globally in 190+ countries and regions with its cutting-edge proprietary platform, extensive global network, and robust APIs.
With its global business headquarters in Singapore and offices in Hong Kong, Jakarta, London and Shanghai, SUNRATE partners with the top global financial institutions, such as Citibank, Standard Chartered, Barclays and J.P. Morgan. To learn more about SUNRATE, visit https://www.sunrate.com/
Ferretti's first-quarter performance shines, with the new shipyard put into operation
by PR Newswire on Mon, 20 May 2024 07:12:00 +0800
MILAN, May 20, 2024 /PRNewswire/ -- On May 16, 2024, local time in Italy, Ferretti Group Chairman Tan Xuguang hosted an on-site meeting of the Italian Ferretti company's board of directors at Milan headquarters, fully affirmed the continuous growth of the company's performance in the first quarter, and claimed to comprehensively build up a sustainable and high-quality operational competitive advantage. read more
MILAN, May 20, 2024 /PRNewswire/ -- On May 16, 2024, local time in Italy, Ferretti Group Chairman Tan Xuguang hosted an on-site meeting of the Italian Ferretti company's board of directors at Milan headquarters, fully affirmed the continuous growth of the company's performance in the first quarter, and claimed to comprehensively build up a sustainable and high-quality operational competitive advantage.
In 2012, Weichai Group strategically reorganized the Italian Ferretti Group, which was on the verge of bankruptcy, saving Italy's "crown jewel" and more than 2,000 Italian families. After 12 years of strategic linkage, business integration, and cultural integration, Ferretti has gone from bankruptcy and reorganization to a high-speed development track, becoming the first company in the world to be listed in Hong Kong, China and Milan, Italy! Today, Ferretti has become a stage for more than 4,000 families to gain happiness, contributing to the stable development of local Italy.
Tan Xuguang led a team to conduct an intensive investigation of the La Spezia, Ravenna Shipyard and Forli Shipyard under the Ferretti Group, and learned about product development, manufacturing, order delivery, technical transformation projects and other related situations on the spot. On the basis of thorough research, Tan Xuguang conducted face-to-face discussions with Ferretti's front-line technical, sales, production managers and employees, and delivered an impromptu keynote speech on the spot.
Weichai Group's strategic reorganization of the Italian Ferretti Group has achieved great success. Both parties have amazed the world with their heavy achievements and built a new model of Sino-Italian business cooperation.
Medtronic Affera™ Mapping and Ablation System with Sphere-9™ Catheter achieves endpoints for safety and efficacy, providing promising evidence for the future of atrial fibrillation treatment
by PR Newswire on Sat, 18 May 2024 04:55:00 +0800
HRS late breaking data: SPHERE Per-AF trial demonstrates novel all-in-one system delivers exceptional results, plus increased efficiency and improved quality of life read more
HRS late breaking data: SPHERE Per-AF trial demonstrates novel all-in-one system delivers exceptional results, plus increased efficiency and improved quality of life
DUBLIN and BOSTON, May 18, 2024 /PRNewswire/ -- Medtronic plc (NYSE: MDT), a global leader in healthcare technology, today announced positive results demonstrating excellent safety and efficacy of the Affera™ Mapping and Ablation System with Sphere-9™ Catheter, an all-in-one pulsed field (PF) and radiofrequency (RF) ablation and high density (HD) mapping catheter for the treatment of persistent atrial fibrillation (AFib). The SPHERE Per-AF study, a U.S. Food and Drug Administration (FDA) Investigational Device Exemption (IDE) pivotal trial, compared Sphere-9 to the conventional Thermocool SmartTouch® SF radiofrequency ablation catheter with the Carto™ 3 System. Findings were presented as late-breaking clinical data at the Heart Rhythm Society (HRS) 2024 Annual Meeting and simultaneously published in Nature Medicine.
"These are excellent results for the investigational Sphere-9 catheter. The data show Sphere-9 lattice tip technology enables physicians to create a wide circumferential pulmonary vein isolation, which is the cornerstone of any type of AFib ablation, and any set of desired ablation lesions, in a safe, effective and efficient manner," said Elad Anter, M.D., Director of the Arrythmia Institute, Shamir Medical Center, Israel. "Persistent AFib patients make up 30-50% of the patient population and are often challenging to treat, with the majority of procedures requiring additional lesion sets beyond pulmonary vein isolation. The versatility and ease of use of this mapping and ablation system led to impressive efficiency and treatment outcomes in the trial."
- The Sphere-9 Catheter demonstrated a positive safety profile with an excellent primary safety endpoint rate of 1.4% (1.0% for the control arm). Importantly, no safety events including pulmonary vein stenosis, esophageal events or cardiac tamponade were reported. More than 95% of Sphere-9 procedures used a single transeptal puncture compared to 62% in the control arm.
- Sphere-9 demonstrated 73.8% freedom from AFib* vs. only 65.8% observed in the control arm. Following 100% acute isolation of pulmonary veins and linear lesions, patients treated with the Sphere-9 Catheter also observed less recurrence of atrial arrhythmias throughout the 12-month follow up period.
- Treatment with the Sphere-9 catheter demonstrated superior efficiency over the control arm for procedural characteristics including:
- Skin-to-skin procedural time
- Time between first and last ablation
- Energy application time
- Patients treated with the Sphere-9 catheter experienced improvements to quality of life in both mental and physical well-being.
"As pioneers in cardiac ablation treatment, including cryoablation and PFA, we are thrilled to share these results providing excellent evidence for use of this all-in-one catheter that can be used with no need to pull a second catheter," said Rebecca Seidel, president, Cardiac Ablations Solutions business, which is part of the Cardiovascular Portfolio at Medtronic. "The Affera Mapping and Ablation system with Sphere-9 Catheter demonstrates a positive safety, efficacy and efficiency profile and can amplify our innovative and trusted portfolio. With these results, we are now one step closer to bringing this technology to the U.S. and beyond."
SPHERE Per-AF was a prospective, multicenter, randomized clinical trial evaluating the Sphere-9 Catheter with the Affera Mapping and Ablation System for treatment of persistent AFib. Subjects were randomized 1:1 to receive treatment with either the Sphere-9 Catheter with the Affera Mapping and Ablation System or the Thermocool SmartTouch® SF radiofrequency ablation catheter with the Carto™ 3 System. For the primary analysis, a total of 420 patients were enrolled across 23 sites in three countries: the United States, Czech Republic and Israel. All patients in both arms of the trial received pulmonary vein isolation as well as linear lesions based on the patient's needs.
Affera Sphere-9 features include:
- All-in-one HD mapping and ablation catheter fully integrated with the Affera Mapping and Ablation System
- 9mm lattice tip with large footprint
- Convenience of dual energy, pulsed field or radiofrequency
"We've been waiting for one catheter that can be used for every arrhythmia, and these randomized results from centers that routinely use conventional point by point ablation indicate Affera Sphere-9 will be worth the wait with all its innovation and the rapid learning curve of the system," said Vivek Reddy, M.D., Director of Cardiac Arrhythmia Services for the Mount Sinai Health System in New York City. "These are important, highly anticipated results and groundbreaking news for the electrophysiology community that could change the treatment workflow."
The company recently filed for approval of the Affera Sphere-9 Catheter in the U.S. with the FDA. The Affera Sphere-9 Catheter is investigational in the United States and not approved for sale or distribution. The Affera Mapping and Ablation System, which includes the Sphere-9 Catheter, received CE Mark approval in March 2023.
AFib is one of the most common and undertreated heart rhythm disorders, affecting more than 60 million people worldwide.1 Afib is a progressive disease, often beginning as paroxsymal AFib (presents intermittently) and progressing to persistent (lasts for more than 7+ days without stopping). As the disease progresses, the risk of serious complications including heart failure, stroke and risk of death increases2-5.
For more information on Affera SPHERE-9, visit Medtronic.com.
*The primary effectiveness endpoint was a composite of freedom from: failure to isolate all targeted pulmonary veins and complete all left atrial ablation with the assigned study device; repeat ablation at any time after the index procedure; and after a 3-month blanking period, documented occurrence of atrial tachyarrhythmia, escalation or initiation of Class I or III antiarrhythmic drugs, or cardioversion.
About Medtronic
Bold thinking. Bolder actions. We are Medtronic. Medtronic plc, headquartered in Dublin, Ireland, is the leading global healthcare technology company that boldly attacks the most challenging health problems facing humanity by searching out and finding solutions. Our Mission — to alleviate pain, restore health, and extend life — unites a global team of 95,000+ passionate people across 150 countries. Our technologies and therapies treat 70 health conditions and include cardiac devices, surgical robotics, insulin pumps, surgical tools, patient monitoring systems, and more. Powered by our diverse knowledge, insatiable curiosity, and desire to help all those who need it, we deliver innovative technologies that transform the lives of two people every second, every hour, every day. Expect more from us as we empower insight-driven care, experiences that put people first, and better outcomes for our world. In everything we do, we are engineering the extraordinary. For more information on Medtronic (NYSE:MDT), visit www.Medtronic.com and follow Medtronic on LinkedIn.
Any forward-looking statements are subject to risks and uncertainties such as those described in Medtronic's periodic reports on file with the Securities and Exchange Commission. Actual results may differ materially from anticipated results.
Thermocool SmartTouch and Carto are trademarks of Biosense Webster, Inc.
References
- Roth GA, Mensah GA, Johnson CO et al. Global Burden of Cardiovascular Diseases and Risk Factors, 1990-2019: Update From the GBD 2019 Study. J Am Coll Cardiol 2020;76:2982-3021.
- Miyasaka Y, Barnes ME, Bailey KR, et al. Mortality trends in patients diagnosed with first atrial fibrillation: a 21-year community-based study. J Am Coll Cardiol 2007;49:986-92.
- Hindricks G, Potpara T, Dagres N, et al. 2020 ESC Guidelines for the diagnosis and management of atrial fibrillation developed in collaboration with the European Association of Cardio-Thoracic Surgery (EACTS). Eur Heart J 2020.
- Wolf PA, Abbott RD, Kannel WB. Atrial fibrillation as an independent risk factor for stroke: the Framingham Study. Stroke 1991;22:983-8.
- Lubitz SA, Moser C, Sullivan L, et al. Atrial fibrillation patterns and risks of subsequent stroke, heart failure, or death in the community. J Am Heart Assoc 2013;2:e000126
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Dogness Announces Closing of US$5.0 Million Private Placement
by PR Newswire on Sat, 18 May 2024 04:45:00 +0800
PLANO, Texas, May 18, 2024 /PRNewswire/ -- Dogness (International) Corporation ("Dogness" or the "Company") (NASDAQ: DOGZ), a developer and manufacturer of a comprehensive line of Dogness-branded, OEM and private label pet products, today announced that it closed a private placement transaction (the "Private Placement"), raising US$5.0 million in gross proceeds, from the sale of 2,000,000 of the Company's Class A common shares (the "Shares") to various purchasers (the "Purchasers"), priced at US$2.50 per share. read more
PLANO, Texas, May 18, 2024 /PRNewswire/ -- Dogness (International) Corporation ("Dogness" or the "Company") (NASDAQ: DOGZ), a developer and manufacturer of a comprehensive line of Dogness-branded, OEM and private label pet products, today announced that it closed a private placement transaction (the "Private Placement"), raising US$5.0 million in gross proceeds, from the sale of 2,000,000 of the Company's Class A common shares (the "Shares") to various purchasers (the "Purchasers"), priced at US$2.50 per share.
On May 9, 2024, the Company entered into a securities purchase agreement with certain non-U.S. purchasers (the "Purchasers") for the aforementioned placement offering. The Shares were sold in transactions exempt from registration under the Securities Act of 1933, as amended, in reliance on Regulation S thereunder. Each of the Purchasers understands that the Shares have not been registered under the Securities Act and such Purchasers may not sell or otherwise dispose of the Shares without registration under the Securities Act and under applicable state securities or "Blue Sky" laws, or pursuant to an exemption therefrom.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the Shares in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Dogness
Dogness (International) Corporation was founded in 2003 from the belief that dogs and cats are important, well-loved family members. Through its smart products, hygiene products, health and wellness products, and leash products, Dogness' technology simplifies pet lifestyles and enhances the relationship between pets and pet caregivers. The Company ensures industry-leading quality through its fully integrated vertical supply chain and world-class research and development capabilities, which has resulted in over 200 patents and patents pending. Dogness products reach families worldwide through global chain stores and distributors. For more information, please visit: ir.dogness.com.
Forward Looking Statements
No statement made in this press release should be interpreted as an offer to purchase or sell any security. Such an offer can only be made in accordance with the Securities Act of 1933, as amended, and applicable state securities laws. Certain statements in this press release concerning our future growth prospects are forward-looking statements regarding our future business expectations intended to qualify for the "safe harbor" under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding lingering effects of the Covid-19 pandemic on our customers' businesses and end purchasers' disposable income, our ability to raise capital on any particular terms, fulfillment of customer orders, fluctuations in earnings, fluctuations in foreign exchange rates, our ability to manage growth, our ability to realize revenue from expanded operation and acquired assets in China and the U.S., our ability to attract and retain highly skilled professionals, client concentration, industry segment concentration, reduced demand for technology in our key focus areas, our ability to successfully complete and integrate potential acquisitions, and unauthorized use of our intellectual property and general economic conditions affecting our industry. Additional risks that could affect our future operating results are more fully described in our United States Securities and Exchange Commission filings. These filings are available at www.sec.gov. Dogness may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company's filings with the Securities and Exchange Commission and our reports to shareholders. In addition, please note that any forward-looking statements contained herein are based on assumptions that we believe to be reasonable as of the date of this press release. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law.
For investor and media inquiries, please contact:
Wealth Financial Services LLC
Connie Kang, Partner
Email: ckang@wealthfsllc.com
Tel: +86 1381 185 7742 (CN)
Late-breaking data show reliable performance of small-diameter defibrillation lead, the Medtronic OmniaSecure™
by PR Newswire on Fri, 17 May 2024 23:50:00 +0800
Global LEADR clinical trial meets safety and effectiveness objectives; results presented at Heart Rhythm 2024 and simultaneously published in Heart Rhythm read more
Global LEADR clinical trial meets safety and effectiveness objectives; results presented at Heart Rhythm 2024 and simultaneously published in Heart Rhythm
DUBLIN and BOSTON, May 17, 2024 /PRNewswire/ -- Medtronic plc (NYSE: MDT), a global leader in healthcare technology, announced that its investigational OmniaSecure™ defibrillation lead met its primary safety and effectiveness endpoints, exceeding prespecified performance goals, in the global Lead Evaluation for Defibrillation and Reliability (LEADR) Pivotal Trial. Late breaking results were presented at Heart Rhythm 2024 and simultaneously published in the journal Heart Rhythm. Worldwide, the OmniaSecure defibrillation lead is investigational and not yet approved for sale or distribution.
Implantable cardioverter defibrillators (ICDs) are the gold standard for preventing sudden cardiac death. Yet transvenous defibrillator leads, which are thin wires connected to the ICD and threaded through the veins into the heart muscle, remain the weakest point of the system,1 given the harsh environment inside the human body where the lead must remain attached and yet flex with millions of heart contractions over a patient's lifetime. Existing defibrillation leads have a large diameter (7-8 French), which can contribute to venous occlusion or tricuspid valve complications. For patients where an extravascular defibrillator may not be appropriate, Medtronic engineers designed the OmniaSecure defibrillation lead based on the Medtronic SelectSecure™ Model 3830 pacing lead, which has offered safe and effective treatment to patients for more than 20 years. By beginning with this highly reliable pacing lead and building a larger lead suitable for defibrillation therapy, the Medtronic OmniaSecure lead is the world's smallest transvenous defibrillation lead (4.7 French, equivalent to the diameter of graphite in a wooden pencil).
LEADR Primary Results: Effectiveness
Defibrillation testing conducted at device implantation in 119 patients was successful in 97.5% of cases. The study exceeded the prespecified efficacy goal of 88%.
LEADR Primary Results: Safety
At six months, 97.1% (Kaplan-Meier estimate) of 657 patients with an implant attempt were free from lead-related major complications such as hospitalization, lead fracture, system revision, or death. The study exceeded the prespecified safety performance goal of 90%. There were no lead-related major complications observed between six and 12 months (average follow up of 12.7±4.8 months).
"The positive results from the LEADR Pivotal trial are a significant advancement for patients at risk of sudden cardiac death who rely on ICDs to deliver life-saving therapy in the event of a dangerous heart rhythm," said George H. Crossley, M.D., Director of the Electrophysiology Lab and Cardiac Research Enterprise, Vanderbilt University Medical Center, Nashville, Tenn., and LEADR Pivotal trial steering committee chair. "Patients with defibrillators are living longer today, and we need to strive for reliable therapy for the lifetime of the patient. This innovative, low-profile defibrillation lead leverages a highly reliable pacing lead design to help achieve this goal, and the unique catheter-based method of implantation helps the physician place the lead in the optimal position for the patient."
The LEADR Pivotal trial is a prospective, multicenter, single-arm, non-randomized, global clinical study that assessed the safety and effectiveness of the Medtronic OmniaSecure defibrillation lead when placed at traditional locations in the right ventricle to achieve defibrillation, sensing, pacing and cardioversion in patients at risk of sudden cardiac death. The study enrolled 675 patients at 45 sites in 17 countries in North America, Europe, Asia, and Australia.
Secondary and Ancillary Results: Reliability
The lead demonstrated reliable performance with zero (0) study lead fractures through an average follow up of 12.7±4.8 months. Medtronic developed and validated an in-vitro model that accurately predicts lead reliability out to 10 years,2 and then applied that model within the study to predict a fracture-free survival of 99.9% at two years for the investigational OmniaSecure lead. The lead also demonstrated a 97.9% implant success rate, and stable electricals (R-wave, pacing capture threshold, and pacing impedance) through 12 months.
Nearly 12% of patients in the study received appropriate therapy (shock, or anti-tachycardia pacing [ATP]) for dangerously fast ventricular arrhythmias by 14.0±5.0 months. ATP terminated 74.9% of episodes, preventing a shock in 49 patients.
Medtronic plans to present additional reliability model results from the LEADR study in the coming months.
"For 75 years, Medtronic has innovated to bring better life-saving technologies to the patients who need them," said Alan Cheng, M.D., chief medical officer of the Cardiac Rhythm Management business, which is part of the Cardiovascular Portfolio at Medtronic. "Given our history in working with health care providers to design technology for patients with arrhythmias, we applied learnings from our deep experience with both transvenous defibrillation and pacing leads to create the novel OmniaSecure lead, a catheter-delivered lead that can be placed in the desired location. The LEADR study results are an encouraging step forward in achieving the goal of an even more reliable defibrillation lead for patients."
In addition to the LEADR results presented at Heart Rhythm 2024, Medtronic recently initiated the LEADR LBBAP study (Lead Evaluation for Defibrillation and Reliability in Left Bundle Branch Area Pacing), which is assessing the safety and efficacy of the investigational OmniaSecure defibrillation lead when placed at the Left Bundle Branch Area in patients eligible for an ICD or Left Bundle Branch-Optimized Cardiac Resynchronization Therapy (LOT-CRT). Placing the defibrillation lead in the left bundle branch area is being evaluated as an alternative to right ventricular stimulation for sensing, pacing, cardioversion and defibrillation. First implants were recently conducted by Muhammad Afzal, M.D., MBBS, principal investigator at The Ohio State Medical Center Wexner Medical Center, and John Zakaib, M.D., principal investigator at Minneapolis Heart Institute Foundation.
About Medtronic
Bold thinking. Bolder actions. We are Medtronic. Medtronic plc, headquartered in Dublin, Ireland, is the leading global healthcare technology company that boldly attacks the most challenging health problems facing humanity by searching out and finding solutions. Our Mission — to alleviate pain, restore health, and extend life — unites a global team of 95,000+ passionate people across 150 countries. Our technologies and therapies treat 70 health conditions and include cardiac devices, surgical robotics, insulin pumps, surgical tools, patient monitoring systems, and more. Powered by our diverse knowledge, insatiable curiosity, and desire to help all those who need it, we deliver innovative technologies that transform the lives of two people every second, every hour, every day. Expect more from us as we empower insight-driven care, experiences that put people first, and better outcomes for our world. In everything we do, we are engineering the extraordinary. For more information on Medtronic (NYSE:MDT), visit www.Medtronic.com and follow Medtronic on LinkedIn.
Any forward-looking statements are subject to risks and uncertainties such as those described in Medtronic's periodic reports on file with the Securities and Exchange Commission. Actual results may differ materially from anticipated results.
1 | Swerdlow CD, Kalahasty G, Ellenbogen KA. Implantable Cardiac Defibrillator Lead Failure and Management. J Am Coll Cardiol 2016;67:1358-1368 |
2 | Wilkoff, Bruce L., et al. In vitro modeling accurately predicts cardiac lead fracture at 10 years. Heart Rhythm 18.9 (2021): 1605-1612. |
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Public Relations | Investor Relations |
+1-763-526-2492 | +1-763-505-4626 |
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