HONG KONG SAR – Media OutReach – 31 May 2021 – MOVE Network has officially launched its first NFT (Non-Fungible Token) incubator in Hong Kong.

Non-fungible Token has recently become a social buzzword, while the relationship of NFT and digital art has aroused debates among the industry and the public. MOVE Network is committed to bringing unprecedented possibilities to the industry through fintech and blockchain technology. The newly launched MOVE Network will focus on one-stop NFT IP agents and distribution services as its core business, including NFT format conversion, product hosting, IP agents, and decentralized distribution to different NFT trading platforms. The local KOL.shop is an example of NFT content incubated by MOVE Network, in which KOL’s digital photos and videos will be tokenized as NFT, while the new NFT products will be launched on the platform to provide a newer and more competitive sales channel. MOVE Network will also enhance the NFT industry chain to offer a wider range of applications on music, entertainment, sports, eSports and e-books etc. The diverse and comprehensive service package will also provide a new value as well as a business model and experience on intellectual property protection for the customers.

MOVE Network was co-founded and is led by experienced serial entrepreneurs. One of the co-founders, Ricky Ng, who is also Co-founder and Group CEO of Aladdin Technology Group, said that MOVE Network had linked up with many industry pioneers for collaboration, including the well-known film company The H Collective. The H Collective has been working with top producers and creative talents in Hollywood, and now it will work with MOVE Network to make a facelift through NFT on the business ecosystem in the film industry. Ricky also revealed that MOVE Network will announce the collaborative heavyweight partner at a later stage. He believes that the capabilities of MOVE Network will attract spotlights as a world-class NFT incubator.

Ricky added that MOVE Network not only aims to assist users to convert their digital content into digital assets but also provides a flexible sales solution for a more diversified auction category and combats intellectual property right infringements. In addition, most of the NFT products nowadays are based on several common public chains for decentralization. It is expected that MOVE Network can reduce the cost of each decentralized transaction and make transactions of the existing NFT product universal.

NFT is a blockchain-based technology that can tokenize digital content. Blockchain technology can form a unique signature to certify the ownership of the digital assets. The emergence of NFT is expected to introduce new business ideas and models to provide a standardized and anti-infringement trading platform for creators to enhance their autonomy and value.

About MOVE Network

MOVE Network sets out to be the world’s largest NFT aggregator covering a wide spectrum of NFT products. MOVE Network allows enterprises and start-ups to capture value today by using blockchain technologies to trade, stake, create and auction assets. The MOVE Network comprises of the MOVE market, the $MOVD token and the MOVE Chain. Users can use MOVE Network to own NFT IPs covering entertainment, music, artwork and also eSports. The MOVE team collaborates with different IP distribution partners for NFT issuance in Asia and North America.

Join the MOVEment Now!

● Website: http://www.MOVEnetwork.io/

● Twitter: https://twitter.com/MOVEMOVEnetwork

● Medium: https://MOVEnetwork.medium.com

#MOVENetwork

KUALA LUMPUR, MALAYSIA – Media OutReach – 31 May 2021 – Malaysia’s leading independent investment bank, Kenanga Investment Bank Berhad (“Kenanga” or the “Group”) today announced its first quarter financial results for the period ended 31 March 2021 (“1Q21”). The Group recorded profit after tax and non-controlling interest (“PATNCI” or “net profit”) of RM34.2 million for the quarter, an increase of RM41.1 million relative to RM6.9 million net loss from 1Q20. The previous net loss was mainly due to provision of credit loss expenses which has progressively been reversed over the quarters.

Datuk Chay Wai Leong, Group Managing Director of Kenanga Investment Bank Berhad

Consolidated revenue for the quarter under review increased by 51.3% year-on-year (“YoY”) to RM250.1 million in 1Q21. Annualised Return on Equity (ROE) is at 13.8%, compared to full year 2020 of 10.7%.

The strong performance was mainly attributed to higher contributions from the stock broking segment and the investment & wealth management segment, as well as, higher share of profits from the joint venture with Rakuten Trade.

Kenanga’s stock broking division continued to benefit from the high trading activities on Bursa Malaysia. In 1Q21, the local bourse saw its average daily trading value (“ADV”) reach RM10.0 billion, which was higher than the ADV of RM8.6 billion recorded in the whole of 2020. As a result, 1Q21 profit before tax (“PBT”) from the segment jumped to RM34.3 million, as compared to a loss before tax (“LBT”) of RM13.6 million in the same period last year.

PBT from the investment & wealth management division surged almost fifteen-fold to RM7.6 million in 1Q21 from RM0.5 million in 1Q20. The significant increase was attributed to the higher management fees income generated.

In 1Q21, the monthly average of new accounts opened was 10,457 for the Group’s joint-venture, Rakuten Trade, higher against the monthly average of 9,893 new accounts registered in the bumper year of 2020.

Group Managing Director of Kenanga Investment Bank Berhad, Datuk Chay Wai Leong commented, “Our digital strategy has proven invaluable in these trying times. Technology investments made in earlier years such as the remisier portal have allowed us to implement remote working before it became the norm. Today, we continue to handle high volume of account registrations and manage the servicing of our clients seamlessly in the face of the various Movement Restriction Orders implemented nationwide.”

“With the roll-out of the national vaccination programme gaining momentum, we are cautiously optimistic about the health of the overall economy for the second half of the year. Bolstered by our digital initiatives that are in the pipeline, we are on track to boost our ecosystem, sustain growth and deliver against targets for 2021,” Datuk Chay added.

Last month the Group’s fully owned subsidiary, Kenanga Investors Berhad, launched Kenanga Waqf Al-Ihsan Fund, further expanding on its Shariah-compliant investments. Waqf is an Islamic philanthropic-based vehicle that focuses on areas such as education, healthcare, economic empowerment, and environmental preservation. The fund will serve as the launchpad for other similar ESG-linked products as part of Kenanga Investors’ move towards sustainable and socially responsible investing.

For more information on Kenanga, please visit www.kenanga.com.my

About Kenanga Investment Bank Berhad 197301002193 (15678-H)

Established for more than 45 years, Kenanga Investment Bank Berhad (“the Group”) is a financial group in Malaysia with extensive experience in equity broking, investment banking, treasury, Islamic banking, listed derivatives, investment management, wealth management, structured lending and trade financing.

The Group has garnered a host of awards and accolades reflecting its strong market position. It was awarded under the categories of Best Overall Equities Participating Organisation by Bursa Malaysia, Best Overall Derivatives Trading Participant, Best Structured Warrant Issuer, Best Retail Equities Participating Organisation, Best Institutional Equities Participating Organisation Investment Bank; along with Best Trading Participant and Best Institutional Equities Participating Organisation and for Equity and Financial Derivatives for 18 consecutive years. The Group was also accorded the title of Best Institutional Derivatives Trading category by Bursa Malaysia.

The Group continues to be a regular and repeat recipient of distinguished industry accolades, such as the Lipper, Fundsupermart and Morningstar awards. For its continued efforts towards community outreach and employee volunteerism, the Group was awarded the coveted company of the year award for environmental awareness and sustainability at Sustainability & CSR Malaysia Awards 2020.

Today, Kenanga Investment Bank Berhad is an award-winning leading independent investment bank in the country with a continuous commitment towards driving collaboration, innovation, and digitalization in the marketplace.

This Press Release was issued by Kenanga Group’s Marketing & Communications department.

SINGAPORE – Media OutReach – 31 May 2021 – The Rhenus Group is among the top 10% of service providers in the logistics industry rated by the sustainability ratings specialist. In particular, Rhenus was among the top 6% among its industry in terms of its sustainability performance in the “Environment” category.

Leading global logistics service provider Rhenus has received a Silver medal in the EcoVadis Sustainability Rating for the sixth consecutive year. The award recognises the quality of Rhenus’ sustainability management system – ranking it in the top 10% of its industry. Rhenus scored above-average results from the individual areas of assessment, which included environment (top 6%), labour and human rights, ethics, and sustainable procurement.

“As the Rhenus Group, we focus on resource-saving services to enable our customers to have sustainable transports and supply chains. The good result at EcoVadis confirms our continuous commitment, which was only made possible by the support of all employees from all units,” said Karsten Obert, Board Member of the Rhenus Group.

Green thinking is entrenched in Rhenus’ company philosophy, from resource-saving initiatives in its services, developing innovative projects that reduce the company’s global emissions and energy records, to solutions in alternative drive technologies and multimodal logistics solutions. This includes RHEGREEN, the first worldwide air freight carbon dioxide (CO2) reduction programme, which was launched in 2019. The free-of-charge service aims to create awareness to lower CO2 emissions throughout the logistics chain by offering customers the opportunity to choose a “greener” aircraft.

EcoVadis is the world’s largest provider of business sustainability ratings with a network of more than 75,000 rated companies across over 160 countries. Backed by a technology platform and a global team of domain experts, its sustainability scorecards span 190 purchasing categories with insights into environmental, social and ethical risks.

About Rhenus

The Rhenus Group is one of the leading logistics specialists with global business operations and annual turnover amounting to EUR 5.4 billion. 33,500 employees work at 820 business sites and develop innovative solutions along the complete supply chain. Whether providing transport, warehousing, customs clearance or value-added services, the family business pools its operations in various business units where the needs of customers are the major focus at all times.

SINGAPORE – Media OutReach – 31 May 2021 – ONLYOU Korean Language School has announced its plan to focus on its online Korean courses in the wake of tightening measures from the Singapore government to combat the COVID-19 pandemic. The Korean language school experienced a relatively smooth transition to online classes last year, with the development of online, face-to-face software, such as Zoom, providing the teachers with the flexibility to customise their lessons with the same engagement and active interactions as an on-site classroom. This successful switch has encouraged the school to place greater emphasis on online learning following the latest restrictions announced by the government.

The shift to online learning has made it possible for some students who have travelled abroad to continue their Korean learning journey online. Despite initial concerns about a virtual classroom, reception to the switch has been largely positive. Many students were encouraged by the numerous interactions between them and their teachers and the continuation of the non-conventional approach to their lessons.

Various on-site class activities focused on oral interaction have been successfully integrated into the online classes. For example, students are often paired into several groups to discuss and practise their Korean together. This activity occurs multiple times in each lesson. Additionally, they are also tasked with creating presentation slides that they have to present to the class. Their classmates then take turns asking questions about their presentation afterwards.

The teachers have also sought to incorporate several game activities such as role-play, where participants are assigned the roles of shopkeeper and customer. The pair then have to communicate with each other in Korean to mimic the selling and purchasing of daily goods in real life. Learning also extends beyond the walls of the virtual classrooms as the teachers have created various group chat sessions to encourage students to communicate with each other using the Korean expressions they learned in class. Even with online learning barriers, ONLYOU has continued to find ways to motivate students to practise their Korean and clarify any doubts they have during their online classes.

However, this change has also brought about various logistical hurdles that had to be navigated to ensure the shift occurred without a hitch. Every student was required to download an e-learning platform to facilitate the switch to online learning. The teachers and students also had to get to grips with the new software and its various features due to their unfamiliarity with the platform. To resolve this issue, the school came up with an instructional video guide and distributed it to the staff and students to assist them with any problems they face with the software. The platform has also allowed the students to inform their teachers when they require assistance via the ‘ask for help’ feature. This prompt has benefitted both parties as the nature of the online class made it challenging for the teachers to observe every student and respond promptly to any queries.

Additionally, the switch to online learning has resulted in a change in the school’s teaching approach. In a classroom setting, the teachers often utilised physical resources, such as a whiteboard, to illustrate grammar rules and display useful information. However, upon realising the challenge in getting their students to concentrate when faced with a cluttered screen, the teachers had to revise their teaching materials and ensure they are neatly organised to reduce confusion and enhance their students’ concentration.

Multiple learning resources, such as animation and PowerPoint slides, are also utilised to capture students’ attention and aid learning. In addition, the teachers have continued to incorporate popular Korean songs and television dramas into their online lessons to spark interest, given the students’ past receptiveness to this learning method. Finally, to ensure that its students are constantly exposed to the Korean language, the school has also utilised mobile applications to allow them to revise what they have learned so that their Korean do not get rusty.

Noting the popularity of this class format among several students, ONLYOU states it is considering the possibility of making its online classes a permanent option if demand persists.

Founded in 2017, ONLYOU Korean Language School specialises in delivering high-quality Korean courses that cater to a wide range of learning preferences. It currently offers Foundation and Regular group classes, as well as private one-to-one learning sessions to meet various student needs.

For more information about ONLYOU’s online classes, please visit https://www.onlyou.sg/korean-classes-singapore/.

#ONLYOU