- A + A (June 25): Just days after saying Singapore is “brutal and unrelentingly hard” on bad behaviour in the crypto industry, Sopnendu Mohanty, the chief fintech officer of the city’s regulator, struck a cordial tone. Mohanty, in a LinkedIn post summarising his thoughts from the Point Zero Forum in Switzerland, commended the leadership of some of the biggest firms in the sector. “Leaders from the crypto/token space (Binance, Crypto.com, Ripple and others) are fully committed to building a secure and sustainable innovation solving real problems, and identifying real-economy opportunities,” said Mohanty of the Monetary Authority of Singapore (MAS). “It is heartening to see the clarity among chief executive officers (CEOs) on the need to create a responsible and compliant industry. The future is on the right path.” Mohanty’s praise comes as the digital currency market continues to spiral downwards following a broad-based sell-off in digital assets and the collapse … [Read more...] about Singapore regulator praises leaders of crypto firms like Binance
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PhonePe is made in India and will list in India, says CEO Sameer Nigam
PhonePe CEO Sameer Nigam (Image credit: Photo tweeted by @_sameernigam) Payments and financial services company PhonePe has clear plans to list on the stock exchanges some day and when ready the company will launch an initial public offering (IPO) in India, founder and CEO Sameer Nigam said. Speaking in an episode of CNN News18 ’s Bits to Billions, Nigam said that the company is also in the process of moving its registered entity from Singapore to India. Missed Bits to Billions? Watch it here: PhonePe Is Made In India, Will List In India: How Sameer Nigam & Rahul Chari Built A Unique Unicorn "We are moving our holding company to India, and we will list here. Our board has already signed off on it, it's just a matter of time now," he said. "We are a made in India company. Every office, data centre, and employee of ours is here. There is no reason why we should not contribute to wealth creation in this market." Close PhonePe's move to bring back its … [Read more...] about PhonePe is made in India and will list in India, says CEO Sameer Nigam
Resolving worker shortage woes
AS you’re aware, there is a serious manpower situation that Malaysia is facing. Some are saying Malaysia is at breaking point. It’s feared that our country is missing a golden opportunity to capitalise on high palm oil prices and will suffer production losses because of the acute shortage of workers. What has been done? According to the Malaysian Palm Oil Board (MPOB) report in 2015, up to 78% of the oil palm plantation workers are foreign workers, with most of them coming from Indonesia. Due to the Covid-19 pandemic, there was no new arrival of foreign workers beginning from March 2020, and Malaysia recently opened its international borders on April 1, 2022. Due to the shortage of workers in the oil palm plantation sector, expected revenue losses are around RM20bil. ALSO READ: More foreign labour soon This has led to the Malaysian Cabinet to agree to a special exemption for the intake of 32,000 foreign workers for the palm oil sector in April 2022. As mentioned much … [Read more...] about Resolving worker shortage woes
World-class ‘aerocity’ rising
DREAMGATEWAY Exterior design of SMC’s P740-billion New Manila International Airport in Bulakan, Bulacan, the single most expensive infrastructure project in Philippine history. —CONTRIBUTED PHOTOS Ramon S. Ang is never out of new ideas, especially when it comes to expanding the business and economic footprint of one of the country’s largest conglomerates, which he heads. When we sat down for an interview recently, however, the president and CEO of San Miguel Corp. (SMC) seemed more focused than usual on one particular project—one mega project which, by his own admission, will only start making money two decades after its completion. At a total projected cost of P740 billion ($13.5 billion)—to be financed solely by the company without a single centavo of funding from the government—the new Manila International Airport in Bulakan, Bulacan, is the most expensive infrastructure undertaking in the country’s history whether by a public or private entity. “This is a legacy project … [Read more...] about World-class ‘aerocity’ rising
Recruiters thrilled as myStarJob Fair allows closer interaction with jobseekers
KUALA LUMPUR: Recruiters from top companies in the country were elated to be able to find top talents during the myStarJob Fair 2022 held at the Pavilion Bukit Jalil Exhibition Centre here on Sunday (June 26). ExxonMobil human resources, talent acquisitions (Malaysia/Singapore) manager Azatul Amery Ismail said being able to be part of the myStarJob Fair was a great experience. He said it presented them a better opportunity to meet candidates. "When you meet face to face, we are able to assess them in terms of their capabilities, appearance and explain further the job scope. "During this fair, we are looking for engineering, commercial and internship candidates. "There are about 50 positions we need to fill," he said. Air Selangor manpower planning & recruitment unit human resources & administrative department assistant vice-president II Abdul Khaliq Putra Abdul Rahman Putra said they are looking to fill some 200 positions from non-executives to executives and top … [Read more...] about Recruiters thrilled as myStarJob Fair allows closer interaction with jobseekers
Spanish Premium Wine Region Commits To 100% Tempranillo Wines
Share to Twitter Share to Linkedin The incredible smells of thick steaks cooking over a wood fire fueled by grapevines encourage drool to form at the guests’ mouths as they eagerly wait in anticipation for a meal of a lifetime. The large centuries-old kitchen had festive Spanish music playing in the background as the multi-course meal with free-flowing wine brought everyone along a journey that was a magical dining experience. All the good things in life could be enjoyed in one place, the home of a winemaking family who were also restaurateurs who loved nothing more than to host people in their ancient family home tucked away in a tiny town in the Spanish wine region of Ribera del Duero . Although Ribera del Duero is a well-known wine region, some parts of the area are less known than others, such as where the Sanz family has their Bodegas Severino Sanz winery in the small town of Montejo de la Vega de la Serrezuela, which only has around 100 residents … [Read more...] about Spanish Premium Wine Region Commits To 100% Tempranillo Wines
Hinduja brothers find a historical link to Buckingham Palace through their new London home
Carlton House Terrace overlooks The Mall and St James’ Park in London. The Hinduja brothers now occupy Nos 13-16 in the eastern terrace. (Photo: Danish Khan) In 2006, the Hinduja brothers bought 13-16 Carlton House Terrace for £58 million. They spent another £50 million on renovating the 67,000 sq. ft home which was formally opened in 2011. Over 300 people were invited to the housewarming party, but it was a few more years before the Hindujas moved in completely. The family was reluctant to leave their more modest 25,000 sq. ft abode - just opposite Carlton House Terrace - where they had lived for over 30 years. The four brothers Srichand, Gopichand, Prakash and Ashok who control the Hinduja Group do believe in lucky charms. But now the 25-bedroom property, which comprises four interconnected six-storey Georgian Houses, designed by architect John Nash with its classical cornices, French polished timber, and ceiling roses is where they host the high and the mighty. It is easy … [Read more...] about Hinduja brothers find a historical link to Buckingham Palace through their new London home
Danish firm LJM leases 50,000 sq ft warehousing space in IndoSpace’s Chennai park
Industrial and logistics parks developer IndoSpace has leased out 50,000 square feet of warehousing space in Chennai industrial park to Denmark-based hydraulic cylinder maker Lind Jensen Machinery (LJM). IndoSpace has expanded its tenant portfolio by onboarding LJM. The company will set up its first factory in India at Oragadam II in Chennai where it will produce hydraulic pitch, lock cylinders, and accumulators for the wind turbine industry, IndoSpace said in a statement. The facility is expected to be functional next month. It will be LJM's second manufacturing plant in Asia after China, it said. LJM plans to develop parts for the wind energy sector to cater to both local and international markets. The project has received an investment of 2 million euros so far, IndoSpace said. Jointly promoted by Everstone Group LLP, GLP and Realterm, IndoSpace is the country's largest developer and owner of Grade A industrial real estate and logistics parks. IndoSpace has an extensive … [Read more...] about Danish firm LJM leases 50,000 sq ft warehousing space in IndoSpace’s Chennai park