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Welcome to our ‘News In Brief’ column in which we digest all the news releases for you in no more than five paragraphs. Below are snippets of all the media releases we received from Feb 13 till the end of the week. This column updates regularly throughout the week.
ESPL Announces Listing of First Host-to-Earn Utility
Singapore, Feb 13: Esports Players League (ESPL), an integrated esports tournament platform, announced today that its utility token $ARENA has been listed on ProBit Global.
The listing is in line with ESPL’s goal of providing a holistic esports experience to a global audience, offering a renewed economic model for aspiring esports athletes.
ProBit Global is the first major CEX to list the $ARENA token, providing users with a wide range of crypto trading options backed by deep liquidity.
Deposits for $ARENA on the platform will be enabled on today at 10:00am (UTC+8), with trading commencing at 1:00pm (UTC+8) on the same day.
ESPL first launched $ARENA on PancakeSwap, a popular decentralised exchange, through a successful IFO on Jan 16, 2023.
Radium Donates to Shelter Home for Children
Kuala Lumpur, Feb 12: Continuing their commitment to contribute to the well-being of those less fortunate, today Radium Development Bhd (Radium) donated RM30,000 along with two sofas to the Shelter Home for Children at Taman Overseas Union Garden.
As part of Radium’s community outreach, the donation will kick start further grants as well as solidify Radium’s presence with positive social efforts.
The Shelter Home for Children houses children who have suffered trauma and in need of a loving, supportive environment to grow in.
The contribution was handed over to CK Yong, Assistant General Manager of Shelter Home for Children by Datuk Gary Gan, Group Managing Director of Radium, and Chai Woon Hou, Executive Director & Head of Corporate Affairs, Legal & Human Resources. The management team from Radium were also present to witness the occasion the community.”
In addition to handing over the donation, Radium’s management team and staff also sat down for lunch with all of the children at the Shelter. The children were also given ang pows in conjunction with the recent Chinese New Year celebrations.
It is part of Radium’s mission to provide positive and good society-building initiatives to those who are less fortunate. It is hoped that this movement will encourage others to keep on doing good and lend support to those in the underprivileged communities.
For more information and to contribute, donate or to support Shelter Home for Children, go to https://www.shelterhome.org.
AFC’s Football Management Diploma Launches Fifth Edition
Kuala Lumpur, Feb 13: The launch of the fifth edition of the AFC Football Management Diploma (FMD) online course today once again underlined the steadfast commitment of the Asian Football Confederation (AFC) towards nurturing future Asian football leaders for the betterment of the game.
A total of 48 middle and senior management participants from the AFC’s Member Associations (MAs), Regional Associations (RAs) and independent stakeholders commenced their journey in the latest FMD edition, which has been curated to mould football specific capabilities that will enable the AFC to continuously reach new landmarks both on and off the pitch.
The FMD comprises 460 hours of study time covering 12 core modules – the Organisation of World Football, International Sports Federations, Strategic Management, Financial Management, Income Generation, Media & Communications, Event Management, Operational Management, HR Management, Child Safeguarding & Social Responsibility, Sports Law and Club Licensing.
The FMD was introduced under the AFC Academic Centre of Excellence (ACE), an online educational platform that commenced in September 2021 to develop the skill sets and expertise of future leaders.
The first edition of the FMD kicked off in Nov 2021, the second in Jan 2022, the third in May 2022 and the fourth edition was launched in Oct 2022.
SCIB Terminates Indonesian Project
Kuching, Feb 14: Civil engineering specialist Sarawak Consolidated Industries Berhad has announced that the Company’s wholly-owned subsidiary, SCIB International Ltd. , has issued a notice of termination to PT Cipta Multi Sarana for the proposed engineering, procurement, construction and commissioning (“EPCC”) project involving earthworks for the Prabumulih–Muara Enim tolled road located in Sumatera, Indonesia valued at RM55.59 million.
SCIBILL, which accepted a letter of award for the EPCC project on Aug 16 2020 from PTCMS, has decided to take the necessary measures to protect its interests following the lack of progress in the project arising from uncertainties related to the COVID-19 pandemic and in view of the initiatives being taken to review and update SCIB’s order book records.
SCIBILL and PTCMS have mutually agreed to terminate the contract and unconditionally release and indefinitely discharge both parties from all claims, liens and obligations of every nature arising out of or in connection with the performance of the works and all amendments thereto, provided that the parties’ obligations under a settlement agreement are fulfilled.
“The termination is in the best interests of the Company as there has been no progress on the project,” Group Managing Director of SCIB, Rosland Othman said.
“On the part of PTCMS, it has acknowledged that there are no penalties or liquidated ascertained damages on SCIBILL.”
Cruise Tourism Returns To Sabah
Kota Kinabalu, Feb 15: Cruise tourism has returned to Sabah with the arrival of the Seabourn Encore ship, bringing over 1,000 passengers, including crew members to the Land Below the Wind.
The cruise liner entered state waters on Wednesday morning and pulled into the Sabah Port. Its most recent stop was in Boracay, Philippines.
This is the first cruise landing in Sabah this year, with the last arriving in 2020, before the closure of international borders and tourism due to the Covid-19 pandemic.
Sabah Tourism Board (STB) team was on hand to welcome and present goodie bags to cruise passengers who would be spending the night in Kota Kinabalu before the Seabourn Encore set sail at 6pm from Sabah Port en route to its homeport in Singapore.
Bandolier Partners with Colin LoCascio for Iconic NYFW Runway
New York, Feb 15: As part of New York Fashion Week, luxe, lifestyle accessories brand Bandolier has teamed up with can’t miss designer, Colin LoCascio.
Showcased with several unique looks during the FW2023 runway show, Bandolier’s chic crossbody iPhone accessories pair seamlessly with Colin LoCascio’s cool girl aesthetic.
A staple in the wardrobes of A-list celebrities including Madonna, Zooey Deschanel, Alessandra Ambrosio, Eva Longoria and more, Bandolier couples’ intelligent utility with everyday convenience. Credited as the need-to-know young designer of NYFW, Colin LoCascio incorporates key Bandolier styles including the Gia Heart ($118), Willa ($145), Lena ($108) and more crossbody iPhone accessories into several show stopping looks.
Bandolier is available at bandolierstyle.com as well as Amazon.com.
Bandolier is affiliated through Rakuten (Merchant ID: 43634) and Skimlinks (Merchant ID: 50329). Additional imagery available upon request.
Glimmer of Hope for First Home Buyers
Sydney, Feb 16: Inflation and skyrocketing home rentals are increasing at a greater rate than household incomes.
This means saving for a home deposit has become increasingly difficult for Australians, particularly first home buyers.
Now, Sydney company, AffordAssist is offering an innovative solution to help Australians get into the property market by replacing the need for a typical 10 percent deposit with a deferred deposit solution.
Buying a property with AffordAssist can reduce mortgage stress by reducing the loan amount, saving LMI (Lenders Mortgage Insurance) fees; and thousands on interest repayments.
To find out more visit AffordAssist.com.
Homebound Australians Tell Their Stories Through Exhibition
Adelaide, Feb 16: More than 600 thousand Australians prevented from leaving home by their disability can now access an innovative wellbeing initiative to reveal their personal journey and challenges navigating the healthcare system.
The exhibition has combined science with technology to develop twenty-three photographs, posters and videos with the expert guidance of health consumers like Penelope McMillan and researchers from the multidisciplinary team that Dr Maria Alejandra Pinero de Plaza, Caring Futures Institute at Flinders University, has integrated to shine a light on their traumatic personal experiences and advocate for improved access to public health services.
‘Approximately 50 percent of these Australians are aged 5-64 years, and the other half are 65 years or older, so a wide socio-demographic spectrum,’ Dr Pinero de Plaza, a researcher at Flinders University that has led the development of an online arts and storytelling exhibition with a network of Frail, Homebound and Bedridden People (FHBP) and clinicians said.
The FHBP are using innovative wellbeing initiatives to tell their personal stories of struggle, aiming to build support networks and primary care access. Many of these Australians live with health issues – including frailty, disabilities, mental health, permanent injuries, and autoimmune, chronic, and rare conditions.
They are left feeling trapped and alone without appropriate access to disability, telehealth and financial support.
PARKROYAL Langkawi Resort Officially Debuts
Kuala Lumpur, Feb 16: PARKROYAL Langkawi Resort announced the official opening of its latest beachfront property located along the picturesque Pantai Tengah.
The upscale modern living resort hopes to be an unforgettable experience for guests from all walks of life.
Guests can choose from a range of modern and comfortable room options, including six room types, eight suite types, and seven exclusive villas with distinctive features and amenities, all designed to provide maximum comfort and relaxation for families of all sizes
For guests seeking to indulge in fun-filled activities, the resort offers a range of activities, such as cooking classes, and interactive beach activities, while fitness enthusiasts can enjoy a range of workout activities at the gym.
Guests can also rejuvenate and recharge at our indoor and outdoor pools or indulge in a head-to-toe pampering session at SUASANA Spa.
With its unwavering commitment to catering to every guest’s needs from start to finish, PARKROYAL Langkawi Resort aims to be the preferred destination hotspot.
Aneka Jaringan Shareholders Approve All Resolutions
Kuala Lumpur, Feb 16: Aneka Jaringan Holdings Berhad, a basement and foundation construction specialist, announced that shareholders have approved all resolutions at the 4th Annual General Meeting of Aneka Jaringan held today on a virtual platform.
Shareholders received the audited financial statements for the Financial Year Ended Aug 31 together with the reports of the directors and auditors contained therein.
Shareholders also approved the authority for the Board of Directors to issue shares and approved the proposed new mandate for recurrent related party transactions of a revenue or trading nature.
Aneka Jaringan has an order book of RM145.73 million as of Oct 31, with Malaysian operations contributing RM138.97 million and Indonesian operations contributing RM6.76 million.
As of Oct 31, the Group’s tender book stood at RM969.45 million, with tenders in Malaysia valued at RM 873.85 million and tenders in Indonesia valued at RM95.60 million.
AirBnB: Penang Going The Wrong Way
Kuala Lumpur, Feb 16: Airbnb has reiterated that the Penang government’s proposed guidelines for short-term rental accommodation (STRA) would have an adverse impact on the livelihoods of many everyday Malaysians, if enacted and enforced this year.
The accommodation platform has urged for new guidelines in its detailed feedback and policy recommendations to the Penang executive committee.
Airbnb’s calls for fair and practical guidelines are critical as short term rental accommodation continues to gain momentum in Malaysia.
A survey conducted by YouGov revealed that 43 percent of homeowners in Malaysia have considered hosting on Airbnb to take advantage of the travel rebound.
Notably, latest Airbnb data reveals that the platform has one million Superhosts around the world, with a 4.8 or higher average overall rating based on Airbnb guest reviews in the past year.
In Malaysia, over 13 per cent of all hosts are Superhosts.
Following the return of interstate travel, Penang is a top-of-mind destination among Malaysians with Georgetown ranking among the top searched domestic destinations on Airbnb in 2022.
By restricting tourism in Penang, the proposed guidelines may hamper Penang’s domestic and international tourism recovery and jobs growth in the long term.
Wellous And DHL Establish Partnership
Kuala Lumpur, Feb 17: Wellous Group Limited, a fast-growing Asia-based international nutrition company, has announced that the Company has entered into an agreement to become DHL Express’s first customer in Asia Pacific to use GoGreen Plus service.
This partnership supports Wellous’ sustainability goal to reduce the carbon emissions of its international shipments by 10 percent year-on-year.
The partnership between Wellous and DHL includes a framework to explore cooperation in other climate neutral initiatives, communications, knowledge-sharing, and community engagement. It comes as part of Wellous’ measures to meet their eco-conscious ambitions.
Newly introduced in 2023 by DHL Express, GoGreen Plus enables businesses to efficiently mitigate the environmental impact of their air freight supply chains.
This is achieved through carbon insetting, where the release of CO2 and other greenhouse gasses is decreased by blending the amount of conventional jet fuel needed with sustainable aviation fuel.
ACCA Urges Use of Green Budgeting
Kuala Lumpur, Feb 17: ACCA (the Association of Chartered Certified Accountants) applauds the intention of the Malaysian government to make the green economy one of the key focus areas under the upcoming revised Budget 2023.
In line with this objective, the global professional accounting body encourages the Malaysian government to adopt green budgeting to identify priorities and options for action to enable the country to achieve an environmentally sustainable economy and fulfil its commitments against climate change.
The toolkit also outlines the basics of green budgeting, focusing on the role of finance professionals in turning goals and ambitions into tangible plans.
It highlights examples of green budgeting methods and sets out the steps for making green budgeting a success, while emphasising the importance of ownership by the finance function to make climate action a priority.
Malaysia is set to table its revised Budget 2023 in Parliament on Feb 24.
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