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Everscale’s cryptocurrency EVER to be supported by leading staking pool Moonstake

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Laotian Times
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TOKYO, JAPAN – Media OutReach – 23 February 2022 – Everscale is pleased to announce that Moonstake, a leading staking pool, will begin supporting the Everscale blockchain cryptocurrency EVER on February 23, 2022.

Everscale Japan, Everscale’s community organization in Japan, has been seeking partnerships to expand the Everscale ecosystem since its inception in 2021. In the first phase of the collaboration with Moonstake, Everscale Japan held a large-scale event in August last year to present EVER to the community. In the second phase of the collaboration, Moonstake’s wallet will be compatible with EVER, and EVER will be available for staking.

What is staking?

Staking is a mechanism that allows users to earn newly issued cryptocurrency by depositing cryptocurrency. While there are differences depending on the type of cryptocurrency, the typical yield on staking is around 5-10% per year. As of February 2022, the total amount of crypto assets currently in circulation that have been staked amounts to $236.8 billion.

Everscale’s staking allows users to obtain newly issued EVER by participating in the blockchain approval process with the cryptocurrency EVER. Currently, Everscale’s staking yields an annual interest rate of about 5.43%.

Advantages of EVER becoming Moonstake compatible

Since Moonstake offers a multi-currency wallet with staking support, EVER users will be able to manage a variety of cryptocurrencies, including EVER, with a single wallet, and will also be able to stake other cryptocurrencies from their Moonstake wallet, greatly reducing the time and effort required to manage their own assets.

EVER giveaway Campaign

To celebrate Moonstake’s support for Everscale staking, Everscale Japan is running a giveaway campaign for EVER.

The first 2,000 people to open a Moonstake account through the Moonstake registration link below will receive $10 worth of EVER tokens. Details of the event will be announced on Everscale Japan’s Twitter.

Registration link: https://wallet.moonstake.io/sign-up?ref=CYRHJWWH6Z
Twitter: https://twitter.com/EverscaleJapan

About Everscale / Everscale Japan

Everscale is a decentralized public blockchain with high scalability. DApps developers have access to Solidity and C++ compilers, SDKs and APIs, and client libraries that have been ported to over 20 languages and platforms.

Everscale also has geographically specific Decentralized Autonomous Organizations (DAOs) around the world, and Everscale Japan is a DAO to expand the Everscale ecosystem.

Everscale: https://everscale.network/

About Moonstake

Moonstake is a blockchain company in the OIO Holdings Limited group, a publicly listed company in Singapore. The company’s core business is providing staking services, allowing users to stake various types of cryptocurrencies.

As of February 2022, Moonstake has a total of $600 million in staked assets, making it one of the top staking service providers in Asia.

Moonstake: https://wallet.moonstake.io/sign-up?ref=CYRHJWWH6Z

#Everscale #Moonstake

KJFEM, Previously OCS Facilities Management, Now Offers Energy Management Solutions

By
Laotian Times
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SINGAPORE – Media OutReach – 23 February 2022 – Formerly an industrial and commercial cleaning services company, OCS Facilities Management has been rebranded into KJFEM after the acquisition by KJ Technical Services (KJTS) Group. Under the rebranded KJFEM, the company will now offer energy and facilities management services and building management in Singapore, on top of its previous suite of soft services, as part of KJTS Group’s expansion plans.

To improve energy and facilities management solutions for clients in Singapore, KJFEM is providing a more comprehensive range of services beyond what it currently offers, such as HVAC systems, energy retrofitting, and district cooling systems for temperature control. KJFEM also has vast experiences in HVAC and designs systems that provide the most efficient chill water rates. Leading a team of highly experienced engineers, KJFEM has extended their services to various industries, including education, pharmaceutical and healthcare, commercial and retail, industrial and manufacturing, hospitality, and aviation. And while the general market practice is to end obligations upon the defect liability period, KJFEM extends their services beyond fixed timeframes to guarantee performance and reliability for its clients in the long term.

On top of that, KJFEM is also embracing technology to be more transparent and effective in cost and performance management by developing its own in-house software. The application aims to improve efficiency and move away from manual operations that are prone to human error. It includes features such as a digital audit system and client request history tracking, which allows the company to be more flexible. With the use of technology, coupled with an experienced team that executes top-notch procedures, KJFEM plans to deliver tailor-made solutions that best suit their clients’ sector and organisational needs.

As industries such as energy management in Singapore continue to push forward with robotics and automation, KJFEM hopes to adapt to future technological advancements and adopt a more agile and collaborative approach in their business, fostering meaningful partnerships and delivering top-quality services to their clients.

For more info, please visit: https://www.kjfem.com.sg/.

#KJFEM

The issuer is solely responsible for the content of this announcement.

Zurich Hong Kong integrates ESG strategy into ILAS Scooping awards in Benchmark Wealth Management Awards 2021

By
Laotian Times
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  • Zurich Hong Kong is committed to sustainability and integrates ESG into its product development strategy
  • Its newest Investment-Linked Assurance Scheme has the highest number of ESG investment choices, with 19 ESG investment choices available, as compared to other similar products offered in the market1
  • Zurich Hong Kong won “Best-in-Class in Investment-linked Assurance Scheme (ILAS)” and “Responsible Insurer Award – Outstanding Responsible Insurer” and the Zurich Insurance Group won four other ESG awards in the Benchmark Wealth Management Awards 2021

HONG KONG SAR – Media OutReach – 23 February 2022 – Zurich Insurance (Hong Kong) (“Zurich Hong Kong“) has long been committed in putting our sustainability vision into practice, and continue to push the boundary further in Environmental, Social and Governance (ESG) performance, to make scalable and lasting impact. Integrating ESG into its product development strategy, Zurich Hong Kong’s newest Investment-Linked Assurance Scheme (ILAS) has the highest number of ESG investment choices, with 19 ESG investment choices available, as compared to other similar products offered in the market1.

(From left to right) Jason Lee - Proposition Manager, Life Business, Geoffrey Au – CEO, Life Business, and Erik Choi - Head of Propositions, Life Business represented Zurich Hong Kong to receive the honors in the Benchmark Wealth Management Awards 2021.
(From left to right) Jason Lee – Proposition Manager, Life Business, Geoffrey Au – CEO, Life Business, and Erik Choi – Head of Propositions, Life Business represented Zurich Hong Kong to receive the honors in the Benchmark Wealth Management Awards 2021.


Geoffrey Au, CEO of Life Business, Zurich Hong Kong, said, “According to the Global Risks Report 20222, which Zurich Insurance Group (“Zurich”) jointly developed with the World Economic Forum, ‘climate action failure’ is ranked as the number one long-term threat to the world and the risk with potentially the most severe impacts over the next decade. That is why as a responsible insurer, Zurich Hong Kong has been implementing measures to address the impacts of a changing climate, underpinned by our commitment in ESG, making us the ‘Responsible Insurer Award – Outstanding Responsible Insurer’ winner in the Benchmark Wealth Management Awards 2021.”

“We walk the talk and actively engage with our customers. We are proud that our ILAS product is having the highest number of ESG investment choices in the local market, thereby enabling our customers to invest responsibly to extend the positive impact wherever possible. As one of the pioneers and market leaders of ILAS in Hong Kong, our strengths in ILAS have been recognized as ‘Investment-linked Assurance Scheme (ILAS) – Best-in-Class‘ in the aforesaid Awards as well.”

As a Group, Zurich is taking global measures to accelerate cuts in carbon emissions from its operations, reflecting the urgent need to respond to the climate crisis. The Group aims to be a net-zero emissions business by 2050, in line with the Paris Agreement’s goal to limit global warming to 1.5°C. While Zurich’s operations have been carbon neutral since 2014, it is committed to reducing its remaining greenhouse gas emissions by 50% by 2025 and by 70% by 2029. These examples testify the Group’s wins in the Benchmark Wealth Management Awards 2021:
    • Climate Award – Outstanding Achiever
    • Environmental Contribution Award – Outstanding Achiever
    • Social Contribution Award – Outstanding Achiever
    • Overall ESG Top 10 Percentile Awards

    Apart from actions in combating climate change, Zurich Hong Kong will continue efforts in ESG in areas such as youth development, mental health support and community sustainability by engaging with our partners, customers, staff and the community.

    1 Statement based on comparison results as of January 3, 2022.
    2 Global Risks Report 2022 is published by World Economic Forum with the development with Zurich Insurance Group, Marsh McLennan and SK Group as well as National University of Singapore, University of Oxford’s Oxford Martin School and University of Pennsylvania’s Wharton Risk Management and Decision Processes Center, gathering insights from nearly 1,000 global experts and leaders with an analysis of key risks emanating from current economic, societal, environmental and technological tensions: https://www.zurich.com/en/knowledge/topics/global-risks/the-global-risks-report-2022

    About Zurich Insurance (Hong Kong)

    Zurich Insurance (Hong Kong) is part of the Zurich Insurance Group, with its presence in Hong Kong dating back to 1961. Since then, Zurich Insurance (Hong Kong) has been dedicated to serving the Hong Kong Community with a full range of flexible investment, life insurance and general insurance solutions for individuals, as well as commercial and corporate customers — attending to their insurance, protection and investment needs. Zurich Insurance (Hong Kong) is currently top five in the general insurance market1 and ranks fifth in the city’s ILAS market2. Please visit www.zurich.com.hk for more information of Zurich Insurance (Hong Kong).

    1 Annual statistics of the Insurance Authority on Hong Kong General Business from January to December 2020, based on gross premium.
    2 Annual statistics of the Insurance Authority on Hong Kong long term insurance business from January to December 2020, based on the number of policies and premiums of in-force business of investment-linked life insurance.

    About Zurich Insurance Group (Zurich)
    Zurich Insurance Group (Zurich) is a leading multi-line insurer that serves its customers in global and local markets. With about 56,000 employees, it provides a wide range of property and casualty, and life insurance products and services in more than 210 countries and territories. Zurich’s customers include individuals, small businesses, and mid-sized and large companies, as well as multinational corporations. The Group is headquartered in Zurich, Switzerland, where it was founded in 1872. The holding company, Zurich Insurance Group Ltd (ZURN), is listed on the SIX Swiss Exchange and has a level I American Depositary Receipt (ZURVY) program, which is traded over-the-counter on OTCQX. Further information about Zurich is available at www.zurich.com.

    #ZurichHongKong

    The issuer is solely responsible for the content of this announcement.

    George Liu, a veteran commodity trader, has been named the new Head of Derivatives at Babel Finance

    By
    Laotian Times
    -
    SINGAPORE – Media OutReach – 23 February 2022 – George Liu has been named head of derivatives at Babel Trading by crypto financial services provider Babel Finance, a newly formed role for the company’s trading arm.

    The move coincides with Babel Finance’s investment in developing more complex and tailored crypto-asset financial products with traditional finance features for institutional and HNWI clients and improving internal risk control and management protocols.

    George has over 15 years of expertise in commodities and metals trading and financial product structuring and has held top positions in London, Shanghai, and New York.

    The appointment comes amid Babel Finance’s push to create increasingly sophisticated and tailor-made crypto-asset financial products with traditional finance characteristics for institutional and HNWI investors and upgrade internal risk control and management practices.

    Because of George’s strong trading knowledge, Babel Finance’s crypto trading and lending will explore how traditional investing strategies transfer onto more widespread crypto assets like Bitcoin, Ethereum, and other cryptocurrencies.

    “I warmly welcome George as he joins the firm, bringing a unique perspective and an impressive track record in trading and serving clients. With George onboard, Babel will further enhance its leading position in crypto financial product innovation and in offering more customized products for clients according to their specific risk profile and requirements,” said Del Wang, founder of Babel Finance.

    Babel Finance financial services has recently launched more complex solutions to better meet the expanding demands of institutional and HNWI clients. The new offerings span from crypto market entrance tactics and position building to dip hunting, top searching, low-risk high-yield generation, and arbitrage-related strategies, as well as more discretionary management of crypto holdings.

    “It is an incredibly exciting time to join Babel as cryptocurrencies become increasingly mainstream. Bitcoin, in particular, is becoming more and more closely related to growth stocks. The volatile nature of the crypto market presents us with an ideal opportunity to offer clients of different risk appetites better investment solutions as an alternative and addition to other more traditional and stable asset classes,” said George Liu.

    With a monthly trading volume of US$8 billion equivalent, Babel Finance crypto trading is one of APAC’s major crypto options traders. Babel Finance’s Singapore trading team is rapidly growing, with more than 30 engineers and traders on board, many of whom, like George, come from Wall Street investment banks and trading firms. By the end of 2021, the firm’s worldwide trading volume market share will be 2% for spot trading, 3% for futures, and 15% for options, thanks to a strong position in derivatives.

    About Babel Finance

    Babel Finance is a global leading crypto financial services provider, offering institutional and HNWI investors professional services covering crypto lending and crypto trading. The company is backed by prominent investors, including Sequoia Capital China, Tiger Global Management, BAI Capital, Zoo Capital, Dragonfly Capital, and NGC Ventures. With a business focus in Asia and a business headquarters in Singapore, Babel Finance has established close cooperative relationships with major global exchanges, custodians, investment funds, and mining institutions.

    #BabelFinance

    The issuer is solely responsible for the content of this announcement.

    Monkeys Found Bagged Alive in Thailand 

    By
    Laotian Times
    -
    Monkeys found bagged alive in Thailand
    Monkeys found in bags are seen inside a crate in an abandoned house in Saraburi Province, Thailand February 17, 2022. Thai Department of Natural Parks, Wildlife and Plant Conservation (DNP)/Handout via REUTERS

    Nearly one hundred monkeys were found in an abandoned house in Thailand’s Saraburi Province, where the animals are believed to have been kept by wildlife traffickers.

    Continue

    NBA All-Star LaMelo Ball and Memorigin partners to launch new watch brand Melofaith LaMelo Ball’s first-ever RARE Tourbillon watch

    By
    Laotian Times
    -
    HONG KONG SAR – Media OutReach – 22 February 2022 – The 20-year-old NBA All-Star LaMelo Ball made his appearance in the NBA All-Star Game held on last Saunday February 20. Basketball fans are eagerly awaiting his impressive performance. LaMelo Ball is currently playing for the Charlotte Hornets, after embarking on his NBA career since 2020. In just two years, he has clinched numerous awards: ESPY’s Breakthrough Athlete of the Year, NBA Rookie of the Year, and NBA All-Rookie Team. He is the also the 4th-youngest player to appear in the All-Star Game, earning him widespread attention as an elite young star.

    Caption

    NBA stars have always been looked to as more than just athletes, but instead as fashion faces which drive global trends forward. LaMelo Ball, who has always been passionate about fashion, launched his own designer lifestyle clothing brand LaFrance last year, and this year, he is adding another accolade to his resume by launching an international collaboration with Memorigin, a Hong Kong-based tourbillon watch brand, with the creation of a new high-end watch brand “Melofaith”.

    Melofaith introduces its first high-end fashion item – the “RARE Tourbillon”, designed in complete LaMelo Ball style. Using a strong fiery red as the primary color, the watch features a unique tonneau-shaped case and a stylish red camouflage rubber strap, breaking the tourbillon’s traditional notion of polished, genteel elegance.

    The skeleton dial is presented in street graffiti style and features numerous symbols of LaMelo Ball, including his first tattoo – the word “FEAR” and “GOD” on his wrist at the age of 16 – as well as a doodle of his name “Melo”. There is also a silhouette of LaMelo Ball in profile and the “number 1 with wings” symbolizing him as the “Golden Child”.

    The watch is available in two versions, the regular version with a more subdued PVD tonneau-shaped steel case in black and the diamond version with a tonneau-shaped steel case inlaid with 226 diamonds, making it a dazzling timepiece that suits different people.

    The watch is equipped with a hand-wound tourbillon movement with a 40-hour power reserve and a frequency of 28,800 vibrations per hour. The word “MELOFAITH” is engraved on the tourbillon, which makes the watch stand out without compromising its stability.

    The brand, named “Melofaith”, is coined from LaMelo Ball’s religious beliefs – his faith is his source of strength, inspiring him to face the challenges of every game with determination and perseverance. LaMelo Ball hopes to share his philosophy with fans through the creation of his brand. With religion being his spiritual pillar, faith and confidence are two indispensable elements that have allowed him to develop into an outstanding athlete.

    About RARE Tourbillon Watch

    Retail price: USD 6,800

    Model No.
    MO 0822

    Case
    Black PVD coated barrel-shaped stainless steel case
    Watch size: approx. 58 x 46mm
    Watch thickness: approx. 18.25mm
    Both sides sapphire crystal
    Water resistance: 5ATM

    Movement
    Flying tourbillon
    155 pieces of subassembly module and 18 jewels
    Frequency: 28800 oscillations/hour

    Features
    40 hours power reserve
    The tourbillon located at 6 o’clock rotates at a speed of 60s for one circle
    Manual winding mechanism

    Dial
    LaMelo Ball-themed dial
    LaMelo Ball’s tattoo design
    Graffiti style painting

    Strap
    Camouflage rubber strap

    About RARE Tourbillon Watch (Diamond version)
    Retail price: USD 20,000

    Model No.
    MO 0822

    Case
    Diamond-embedded barrel-shaped stainless steel case
    Watch size: approx. 58 x 46mm
    Watch thickness: approx. 18.25mm
    Both sides sapphire crystal
    Water resistance: 5ATM

    Diamond/Gem Setting
    White diamond quantity: approx. 226pcs approx. 1.9carats

    Movement
    Flying tourbillon
    155 pieces of subassembly module and 18 jewels
    Frequency: 28800 oscillations/hour

    Features
    40 hours power reserve
    The tourbillon located at 6 o’clock rotates at a speed of 60s for one circle
    Manual winding mechanism

    Dial
    LaMelo Ball-themed dial
    LaMelo Ball’s tattoo design
    Graffiti style painting

    Strap
    Camouflage rubber strap

    About Memorigin

    Memorigin is the first Hong Kong brand which only produces Tourbillon. The marvelous oriental sculpture merging with western top art of watchmaking creates a Tourbillon watch which has strong Hong Kong cultural character and is a blend of oriental and western cultures. Memorigin uses its in-house movement with its production process strictly controlled so that craftsmanship and quality are sanctioned by international professionals. All Memorigin watches are used with high quality materials from different countries; it has been arranged meticulously from a small part to the complete watch.

    Memorigin Tourbillon watches are designed by Hong Kong top designers and collectors with innovative concepts. Besides the traditional elegant style, it also adds cultural elements into the design, leading the oriental art to be international. In additions, Memorigin has a unique word carving technology: words can be engraved on the movement and can be preserved forever that the watch becomes unique and memorable.

    Official web site: www.memorigin.com

    Tel: (852) 29760108
    Address: Room 803-804, 8/F, Chai Wan Industrial City Phase 1, No. 60 Wing Tai Road

    #Memorigin

    V2Y Enters Non-Binding Agreement to Acquire General Insurance Business Portfolio

    By
    Laotian Times
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    ● Proposed acquisition of a local renowned insurance company’s general insurance business portfolio for about S$20 million
    ● Acquisition will provide its Insurtech business with cost and revenue synergies, and allow the Group to build on its insurance ambitions
    ● V2Y disposed of its e-commerce and e-logistics segments in 2020 with the aim of focusing on its Insurtech business
    ● Singapore’s general insurance market forecast to grow from S$4.4 billion in 2020 to S$5.6 billion in 2025, in terms of gross written premium, representing CAGR of 5%: GlobalData


    SINGAPORE – Media OutReach – 22 February 2022 – V2Y Corporation Ltd. (SGX: V2Y) announced today that it has issued a non-binding letter of offer to acquire all or a substantial percentage of a local renowned insurance company’s general insurance business. The purchase consideration, which will be determined and agreed upon by both parties, is expected to be approximately S$20 million, subject to satisfactory due diligence, an independent valuation report and finalised terms in the definitive agreement. The move, which provides its current Insurtech business with cost and revenue synergies, will allow the Group to build on its insurance ambitions.

    The Group’s Insurtech business segment provides third-party administration and value-added services to help its brand partners in the computer, communication and consumer electronics sector manage and execute their extended warranty and accidental damage protection programmes. Leveraging on its technology platform and ecosystem, the Group aims to expand its Insurtech business by extending existing offerings and new products to its brand partners, channel partners and end-consumers.

    The general insurance market of Singapore is expected to grow from S$4.4 billion in 2020 to S$5.6 billion in 2025, in terms of gross written premium (GWP), representing a compound annual growth rate (CAGR) of 5%, according to a study by GlobalData[1].

    The resumption of economic activities, success of COVID-19 vaccination programs, and relaxation on travel restrictions are among the factors that will drive the growth of the general insurance sector in Singapore, the study said.

    V2Y Chief Executive Officer, Mr Ong Shen Chieh, said: “As economic activities recover and gather momentum in Singapore and the region, and international borders open further, demand for general insurance is expected to rise. We expect the industry’s growth trajectory to pick up in the coming years, thanks to the digitalisation wave, better product innovation, and an increase in infrastructure development projects. These trends will benefit our Insurtech business.”

    About V2Y Corporation Ltd

    V2Y was incorporated in Singapore on 28 June 2017 under the name of Synagie Corporation Pte. Ltd., and subsequently renamed Synagie Corporation Ltd. on 27 June 2018 in connection with its listing on SGX Catalist in 8 August 2018. On 12 November 2020, the Company’s name was changed to V2Y Corporation Ltd. Following the disposal of its e-commerce business segment in November 2020, the Group will now focus on its Insurtech business providing third-party administration services for its multinational customers in the computer, communications and consumer electronics sector.

    #V2Y

    The issuer is solely responsible for the content of this announcement.

    G8 Awarded LOI for the Installation of the Largest Next Generation 65MW Floating Solar system at BUI Hydro Dam in West Africa

    By
    Laotian Times
    -
    • The Bui Dam is a hydroelectric project in Ghana, built on the Black Volta River at the Bui Gorge
    • G8 entered LOI with BUI Power Authority Ghana to install a full turnkey 65MW system at BUI Hydro Dam facility


    SINGAPORE – Media OutReach – 22 February 2022 – G8 Subsea, Singapore-based technology company with global expertise in offshore and marine renewable energy projects today, announced that the Company has been awarded with an agreement by BUI Power Authority Ghana to install a full turnkey 65MW system at BUI Hydro Dam facility.


    The Group will install the GPM-65 floating solar system- featuring G8’s new generation flotation and high output Photovoltaic modules to increase power production capacity of Hydro Power Plants with an advanced power management system. This is to ensure efficient power and load transfer between solar and hydro-power.

    The GPM-65 Solar-Hydro System will occupy approximately 350,000m2 of water space at Black Volta River close to the Hydro dam vicinity. The Solar-Hydro system will be incorporated with G8’s marine engineered mooring and flotation technology to cater to different depth variations of the dam throughout the year. The system will feature an advanced power management system with an optional ESS (Energy Storage System) to integrate the function of solar power and hydropower generation.

    G8’s management, together with local joint venture partner KW Renewables, conducted a site assessment of the hydro dam facility to initiate logistics and project preparation with BUI operations team. The system is part of an extension to a present 5MW system and is targeted to be commissioned by third quarter 2023.

    G8’s unique expertise in marine construction and floating solar engineering will provide a high-quality solution to BUI with the latest technology to integrate Solar & Hydropower to increase renewable energy production in Africa.

    Emerging Enterprise- G8

    G8 was recently awarded the Emerging Enterprise Award 2021 in Singapore, is committed to capitalise on the robust demand for renewable energy technologies. Making few progresses recently. The company’s ambition for potential NASDAQ listing in 2022 had recently entered a US10million investment and technology collaboration deal with 3DOM of Japan valuing G8 at USD200mil. This enables the Group to set a leadership position in sustainable energy storage combined with wind and solar globally. Together with 3DOM as a technology partner, the Group will set its sights on playing a key role in the battle against climate change with complete green energy generation and storage solutions.

    Demand is growing faster than in any other region worldwide, supported by expanding populations, robust economic growth prospects, and significant potential due to the low market penetration of renewables 4 . Global consulting agency Deloitte predicts that the aggregate installed capacity of floating photovoltaics (FPVs) will reach 5.2GWp globally by the end of 2022, representing US$4–5 billion in spending.

    G8 has nearly 3 gigawatts (GW) of renewable energy and sub-sea transmission projects under development in Asia. Its footprint spans Indonesia, South Korea, India, and soon, Africa.

    #G8 #G8Subsea

    The issuer is solely responsible for the content of this announcement.

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