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GeTS Launches CALISTA inventory financing Platform, Integrated with SGTraDex, to Digitalize and Streamline Singapore’s Oil Storage Financing

SINGAPORE – Media OutReach – 27 July 2021 – Global eTrade Services (GeTS), a global trade platform company, announced today the launch of CALISTA inventory financing (CIF) – one of the first platforms to be integrated with the Singapore Trade Data Exchange (SGTraDex) to simplify information flows through the global supply chain ecosystem via a shared data stream.

SGTraDex is a new exchange recently launched by the Singapore Government that was conceptualised by the Alliance for Action (AfA) to address Supply Chain Digitalisation.  AfA for Supply Chain Digitalisation is one of the seven Singapore Together Alliances for Action (AfA) set up in June 2020 under the Singapore Government’s Emerging Stronger Taskforce (EST).  The initial use cases of the exchange (SGTraDex) are to strengthen financing integrity of trade flows, enhance end-to-end visibility of container logistics flows, and digitalise the bunkering industry.  GeTS developed CIF through the AfA for Supply Chain Digitalisation.

Created to simplify and optimise business processes for oil storage financing, CIF is an end-to-end platform that collaborates with various commodity trading companies, banks, and terminals. CIF enables secure and transparent transfer of real-time trade finance data and provides an auditable log of records for users to easily track changes made to a trade.  The integration with SGTraDex facilitates the sharing of case data from CIF amongst multiple stakeholders in a more efficient and streamlined manner. Users can also easily provide or use data on SGTraDex via the SGTraDex API integration or SGTraDex Pitstop web portal, where the data exchange is consent-driven.

Andy Loh, Head of Commercial at Oiltanking Asia Pacific said: “The implementation of the CIF platform adds significant value to the storage and terminalling industry.  The platform provides more transparency and efficiency in the digitalised workflow, by tracking trade financing approvals of all parties in the supply chain. As an international storage logistics provider with a strong footprint in Singapore and founding partner of SGTraDex, we are proud to partner with GeTS in taking this collaboration to the next level.”

The ability to get direct access to trade data enables banks to have increased visibility on goods movement, easily verify trade legitimacy, and mitigate trade-related frauds.  Simplified trade procedures and data harmonization allow traders to plan their operations efficiently to better save costs. 

John Chen, Head of Commodity Sales, ASEAN at Standard Chartered said: “As one of the advisers in the development of CALISTA inventory financing, we are excited about the value-add this new digital platform will bring to the commodity-trade financing ecosystem.  The increased access to data about inventories will enhance transparency throughout the supply chain, and enable banks to extend financing more securely and more efficiently, facilitating greater access of funds for a bigger pool of traders.”

So Lay Hua, Managing Director and Head of Group Transaction Banking of UOB said: “Our clients will benefit greatly from the launch of CIF with SGTraDex.  With digitalisation and infrastructure interoperability, our clients will also have greater confidence in their supply chains through increased transparency and access to real-time information of goods held in storage. As UOB continues to open doors to Asia for businesses, we believe that this digitalised approach to supply chain finance will be a game changer in how we connect with our clients and support their cross-border needs.”

Chong Kok Keong, CEO of GeTS said: “We are proud to be working alongside industry stakeholders to develop CIF and delighted to integrate our CIF platform with SGTraDex for a more seamless, secure and transparent document exchange process for our users.  This integration is also in line with SGTraDex’s roadmap to address and alleviate fraud risks in Singapore’s commodity trading sector.”

About GeTS

Global eTrade Services (GeTS) is a wholly-owned subsidiary of CrimsonLogic. As a global leading trade platform company, GeTS is shaping the future of trade and supply chain with its innovative use of technology and deep G2B and B2B domain expertise. GeTS enables the orchestration of logistics, compliance and financial requirements of trade and supply chain seamlessly, smartly and securely. Thus, powering global trade by making it more accessible, predictable and easier to fulfil. GeTS has linkages to more than 60 Customs nodes, 90 ocean carriers & NVOCCs across the world, with more than 175,000 connected parties and conducting more than 40 million transactions annually.

#GeTS

Hong Kong based Rare Whisky Holdings agrees investment deal with Scottish whisky auction house Whisky Hammer

HONG KONG SAR – Media OutReach – 27 July 2021 – Rare Whisky Holdings, a whisky investment group managed out of Hong Kong has bought a 49% stake of the online whisky auction site, Whisky Hammer, and its sister ecommerce business Still Spirit, paving the way for global expansion of the family run Scottish business.

Li Hau TAN and Rickesh Kishnani, co-founders of Rare Whisky Holdings

Rickesh Kishnani, co-founder of Rare Whisky Holdings is the entrepreneur behind the successful Platinum Whisky Investment Fund, the first private equity fund in the world to focus on rare single-malt whiskies. The Platinum Whisky Fund originally launched in 2014 in Hong Kong, raised USD 12 million and is in the final stage of its wind down, exiting at over USD 24 million.

Rare Whisky Holdings also owns The Glenor Cask Company, which holds over 1,000 casks of maturing Scotch whisky from a range of top distillery brands.

Private whisky cask ownership has grown in popularity in the past two years, particularly in Hong Kong and Singapore, with many private clients choosing to buy a cask of whisky from a special vintage to store for the long term or to have their own private bottling to use for gifting.

The multi-million-dollar investment and partnership will provide registered members of Whisky Hammer and Still Spirit exclusive access to a full range of cask opportunities.

Whisky Hammer was started in 2016 by brothers Daniel and Craig Milne who are originally from Macduff, near Speyside in Scotland, famous for the production of single malt whiskies such as The Macallan, Glenlivet, and Balvenie.

Whisky Hammer hosts monthly online auctions, dedicated to whisky and other fine spirits, drawing customers from every corner of the globe. It has auctioned a wide range of whiskies, both bottles and casks, with auctions selling in excess of £1 million under the hammer each month.  

A recent feature included the 31-Year-Old Black Bowmore ‘DB5’ collaboration with Aston Martin, distilled in 1964 and sold for a hammer price of £81,000 in March 2021.  

The customer base of Whisky Hammer is an extensive global network of whisky enthusiasts who buy and sell on the platform, resulting in a 70% growth in revenue in 2020. One main driver of this growth has been customers from Asia, growing by 64% annually, with Hong Kong, Singapore, and Taiwan leading the way.

Whisky Hammer re-located in 2019 to a new, purpose-built facility in Aberdeenshire, which is also home to Still Spirit – a whisky shop, e-commerce site and dram bar offering over 100 rare whiskies to taste while overlooking the beautiful Scottish countryside. Rare Whisky Holdings will be providing Asian customers with customized VIP whisky trips to Scotland starting in 2022.

Rickesh Kishnani, Co-Founder of Rare Whisky Holdings commented “Our investment group is proud to join the Milne family business and help with their expansion to Asia, where the demand for whisky continues to grow at a rapid pace. We are also excited to use this new partnership to provide Whisky Hammer and Still Spirit members with exclusive access to our collection of aged casks.”

Daniel Milne, Managing Director of Whisky Hammer and Still Spirit said: “This is a very exciting time for our business. The transaction signifies an important bond with our new partner that will rapidly bring the group a much larger presence across Asia as well as exclusive access to casks for our members.”

 

Legal support was provided for the transaction by Goodwin Proctor LLP (acting on behalf of the buyer) and Brodies LLP (acting on behalf of the sellers).

Follow Whisky Hammer on @whiskyhammer on Facebook and Instagram.

#RareWhiskyHoldings #WhiskyHammer

Laos Records Sixth Covid-19 Death

23-year-old woman dies of Covid-19 in Savannakhet

Laos has confirmed its sixth death as a result of Covid-19 in Savannakhet Province.

Laos Sees Over 5,000 Total Cases of Covid-19

Covid-19 Update

Laos has confirmed 169 new imported cases of Covid-19 today, bringing the total number of cases to 5,154.

Firearms Trade Leads to Increased Gun Violence in Vientiane Capital

Firearms trade gun violence Laos

The illegal trade in firearms has led to an increase in violent crime including robbery and murder in Vientiane Capital, according to authorities.

Floodwaters Inundate Savannakhet After Days of Heavy Rain

Floods in savannakhet

Villages in Vilabouly, Champhone, and Nong districts of Savannakhet Province have been hit by floods after days of torrential rain.

SUNeVision Becomes Foundation Partner of Infrastructure Masons Hong Kong Chapter to drive Hong Kong’s digital future for all

HONG KONG SAR – Media OutReach – 27 July 2021 – SUNeVision Holdings Ltd. (SUNeVision), the number one data centre provider in Hong Kong, today announces the launch of the Hong Kong Chapter of Infrastructure Masons (iMasons)  to promote a better and more sustainable digital future for Hong Kong. SUNeVision also is a Foundation Partner of iMasons, a global, non-profit, professional association of technology and business leaders to make a better connected world for everyone.

 

With Asia leading connectivity, SUNeVision plays a significant role in empowering businesses to unlock digital potential and accelerating the growth of digital economy in the region.  It connects hundreds of telcos, cloud, ISP, CDN, OTT and other types of providers and enterprises on its highly connected data centre ecosystem.   It continuously strives to promote sustainability from data centre designs to operations, products to policies, and help enable its customers and partners to do the same.

 

Raymond Tong, CEO of SUNeVision, is currently a member of iMasons’ Advisory Council, where he will provide guidance to the organisation, share local insights and exchange industry best practices with other global peers. Raymond will lead the Hong Kong chapter to aggregate industry peers in the city to foster effective collaboration and influence the digital infrastructure industry.

 

“We are thrilled to play a key role in advancing the digital infrastructure industry in the region by enabling local and global peers to connect, grow and give back through iMasons. With Hong Kong being an international business hub in Asia and worldwide, the digital infrastructure industry will inevitably act as the backbone of the digital economy as the city continues to thrive. We look forward to working together with industry players to create a better, sustainable digital future.” said Raymond.

 

“The iMasons’ community includes some of the largest and most progressive technology portfolios in the world.” said Dean Nelson, founder & Chairman of iMasons.  “We are delighted to have Raymond Tong’s leadership to help foster the sustainable growth of digital infrastructure through our member and partner collaboration.”

 

About SUNeVision

SUNeVision (SEHK: 1686), the technology arm of Sun Hung Kai Properties (SEHK: 0016), is the largest data centre provider in Hong Kong. We provide industry-leading carrier and cloud-neutral data centre services with global top 10 connectivity. We connect providers of telecommunications, cloud, ISP, CDN, OTT from local, mainland China and global with enterprises of different businesses on our Asia leading data centre ecosystem.

SUNeVision forms MEGA Campus by extending the connectivity edge from highly connected MEGA-i to other high-tier data centres, including MEGA Two and MEGA Plus. Facilities on MEGA Campus are interconnected through high-performance dedicated fibres and more than 14,000 cross-connects. Together with City PoPs of major submarine cables in our facilities, we enable our customers for direct connections to multi-cloud platforms and multi-cloud exchanges with the best connectivity in town. We are committed to supporting Hong Kong as a regional information hub and a strategic gateway to mainland China.

For more information, please visit:

https://www.sunevision.com/

https://www.linkedin.com/company/sunevision-holdings-ltd.

About Infrastructure Masons

Infrastructure Masons (iMasons) is a non-profit, professional association of technology and business leaders who represent over $150Bn in infrastructure projects in over 130 countries. The organization is guided by an Advisory Council composed of global leaders who manage some of the largest digital infrastructure portfolios in the world. The iMasons vision is to Unite the Builders of the Digital Age by enabling our global membership to Connect, Grow, and Give Back. Members leave their companies at the door and connect as individuals. iMasons has four strategic priorities – enhance Education opportunities, champion Diversity & Inclusion, inspire Sustainability and promote Innovation and Technical Excellence.

For more information, please visit: https://imasons.org

#SUNeVision #InfrastructureMasons

Travis Pitt Joins Focus Partner Firm Escala Partners, Expanding Escala’s Investment Advisory Team and Increasing its Presence in the Melbourne and Syndey Wealth Markets

NEW YORK, US – ACCESSWIRE – 27 July 2021 – Focus Financial Partners Inc. (NASDAQ:FOCS) (“Focus”), a leading partnership of fiduciary wealth management firms, announced today that Travis Pitt (“Pitt”) has joined Melbourne-based Focus partner firm Escala Partners Pty Ltd (“Escala”).

Travis Pitt has over twenty years of industry experience as a tenured financial adviser providing customized investment and wealth management solutions to ultra-high net worth individuals and families. He is a nationally ranked adviser, having been named to the Barron’s list of Australia’s Top 100 Financial Advisers in 2021 as well as in prior years. Through this transaction, Escala will further increase its presence in the Melbourne market and add to the depth and breadth of its investment advisory team. By joining Escala, Pitt will gain access to Escala’s specialized investment management capabilities and operational infrastructure, continuing his commitment to provide best-in-class services to his clients.

“We are excited to partner with Travis, whom I have known for many years and respect as an outstanding adviser with a commitment to personalized, high-touch client service,” said Pep Perry, CEO and Partner at Escala. “This transaction elevates our organization with the addition of high caliber leadership and further deepens our presence in the attractive Melbourne and Sydney markets. We welcome Travis and his clients to the Escala family.”

“We are very pleased that Travis has joined the Escala team. Talent acquisition is a central component of the value-added support that we provide to our partner firms, particularly in facilitating the addition of highly experienced advisers who have a long track record of success in serving ultra-high and high net worth clients,” said Rajini Kodialam, Co-Founder and Chief Operating Officer of Focus. “Helping our partners build scale and accelerate their organic growth are essential elements of our value propoposition.”

About Focus Financial Partners Inc.

Focus Financial Partners Inc. is a leading partnership of fiduciary wealth management firms. Focus provides access to best practices, resources and continuity planning for its partner firms who serve individuals, families, employers and institutions with comprehensive wealth management services. Focus partner firms maintain their operational autonomy, while they benefit from the synergies, scale, economics and best practices offered by Focus to achieve their business objectives. For more information about Focus, please visit www.focusfinancialpartners.com.

#FocusFinancialPartners

About Escala Partners Pty Ltd

Founded in 2013, Escala provides objective advice and investment management solutions to ultra-high net worth individuals, families, foundations and institutional investors. Escala serves its clients through a collaborative, team-based approach focused on the client experience, a relationship built on trust and sustained over time by performance in line with evolving investment objectives. For more information about Escala, please visit https://escalapartners.com.au.

About the List of Australia’s Top 100 Financial Advisers

The Top 100 Financial Advisers list is a collaboration between The Australian and Barron’s. The formula used to calculate the ranking is rooted in three general categories: client assets managed by the adviser, fees and revenue generated by their business, and the quality of the adviser’s business. The asset and revenue numbers are proxies for client satisfaction. The quality of practice category includes a number of factors including an adviser’s experience, credentials and client-service resources.

Cautionary Note Concerning Forward-Looking Statements

This release contains certain forward-looking statements that reflect Focus’ current views with respect to certain current and future events. These forward-looking statements are and will be, subject to many risks, uncertainties and factors relating to Focus’ operations and business environment, including, without limitation, uncertainty surrounding the current COVID-19 pandemic, which may cause future events to be materially different from these forward-looking statements or anything implied therein. Any forward-looking statements in this release are based upon information available to Focus on the date of this release. Focus does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any statements expressed or implied therein will not be realized. Additional information on risk factors that could affect Focus may be found in Focus’ filings with the Securities and Exchange Commission.