Medicine delivery

- A + A HONG KONG/JOHANNESBURG (June 27): Prosus NV is planning to sell more of its US$134 billion stake in Chinese internet giant Tencent Holdings Ltd to finance a buyback programme, reversing a pledge to hold onto the full shareholding. Tencent declined in Hong Kong on Monday as investors pondered the extent to which Prosus, the Chinese company’s biggest shareholder, will unload its stock. The shares fell as much as 2.5% and traded 1.6% lower at the close. “We will keep selling Tencent shares to buy back our own, it’s open-ended and an unlimited programme,” Prosus Chief Executive Officer Bob Van Dijk said in an interview. “It’s actually a small part of Tencent daily traded volumes — it should be maximum between 3% to 5%.” The move represents a change of heart by Dutch e-commerce giant Prosus — majority owned by South Africa’s Naspers Ltd — which said after its last sale in April 2021 it wouldn’t offload more shares for three years. The company, spun off from … [Read more...] about Tencent backer Prosus to cut US$134 bil stake to buy stock

This article first appeared in The Edge Financial Daily, on March 31, 2020 . - A + A Euro Holdings Bhd (-ve) TRADING of shares in Euro Holdings Bhd (fundamental: 0.35/3, valuation: 0.3/3) triggered our momentum algorithm yesterday for the fourth time this year. The counter closed eight sen or 25.4% higher at 39.5 sen, with 11.04 million shares traded, over six times its 200-day average volume of 1.77 million shares. The group is principally engaged in the design, manufacturing and trading of its own brand of chairs, system furniture, storage and accessories. For the fourth quarter ended Dec 31, 2019, the group’s net loss almost doubled to RM4.18 million from RM2.18 million for the corresponding period last year, mainly due to higher cost incurred and a provision for late delivery by the property division. Quarterly revenue fell 32% to RM18.16 million from RM26.6 million, due to lower property completion rates and lower sales owing to … [Read more...] about Stock With Momentum: Euro Holdings

Battery Smart, a battery-swapping network for electric vehicles (EVs), has raised $25 million as a part of its Series A funding led by Tiger Global Management, the company said on June 27. Existing investors Blume Ventures and Orios Ventures also participated in the funding round. Battery Smart will use the funds to expand to new territories, strengthen its battery-assignment technology and build team to continue scaling operations, the New Delhi-based startup said in a statement. "With this investment, we are focused on bringing our offerings to even more EV users pan-India, by increasing the number of swap stations and continuing to partner with OEMs (original equipment makers) and fleet operators. We are also looking to strengthen our technology for effective network planning and make key hires in our growing team," Battery Smart co-founder Pulkit Khurana said. Battery Smart operates a "battery-as-a-service model" that enables interoperable battery swapping for EVs. It … [Read more...] about Tiger Global leads $25 million Series A round in Battery Smart

Jeong Jae-hong The author is an international affairs and security editor of the JoongAng Ilbo. Gustavo Petro was elected president of Colombia on June 19. According to an analysis in the Washington Post, Columbia, ruled by right-wing politicians over 200 years, elected a left-wing president because the middle-class collapsed due to the Covid-19 pandemic and voters wanted the government to ease economic inequality. Brazil is scheduled to have a presidential election on October 2, and leftist former president Luiz Inácio Lula da Silva, commonly known as Lula, is getting over 50 percent of support. In addition to Mexico, Argentine, Chile, Peru and Columbia, another left-wing administration is about to launch in Brazil, too The left-wing wave in Latin America largely resulted from right-wing administrations’ failure to cope with the pandemic and the collapse of the middle class in the region. The middle class is the bastion of democracy. A country with a strong middle class … [Read more...] about A class above all others

Share to Twitter Share to Linkedin W hen Alexi Nazem was a hospital doctor, he faced a mountain of paperwork and bureaucratic hurdles anytime he wanted to moonlight outside his hospital. For healthcare professionals side gigs like these are common, so why should the process be so burdensome? Inspired by the possibility of applying the concept of other online marketplaces like AirBnB to healthcare temping, he and four cofounders (including AlleyCorp founder Kevin Ryan) launched Nomad Health in 2015. During the Covid-19 pandemic, Nomad saw explosive growth as hospitals, already facing nursing shortages, raced to fill roles in overburdened ICUs around the country. While the pandemic has (hopefully) peaked and travel nursing pay rates are receding from all-time highs, the underlying shift of much more of the healthcare workforce engaged in temporary rather than full-time roles is expected to continue. “One of the most important lessons that we've learned … [Read more...] about Staffing Marketplace Nomad Health Raises $105 Million As It Expands Beyond Travel Nurses

Divya Karyza (The Jakarta Post) PREMIUM Jakarta   ● Mon, June 27, 2022 The number of cold storage installations for the fishery sector is set to rise rapidly this year on increasing online orders for cool delivery and improving seafood production, but industry players need to anticipate rising installation costs. Cold Storage Association (ARPI) chairman Hasanuddin Yasni expects 32,000 tons of cold storage to be installed this year, up 50 percent from last year’s capacity increase, as the industry expands to accommodate growing production in the marine products and fishery sector. “New players that provide mini-middle cold storage have begun to emerge. This group is expected to provide 200 tons to 600 tons of cold storage,” Hasanuddin told The Jakarta Post on Thursday, adding that 60 percent of cold storage used in the fishery sector was for export purposes while the remaining 40 percent was used as a storage system to supply the domestic seafood processing … [Read more...] about Cold storage to grow 50% as fishery firms push for export markets