Traditional medicines in Laos are poised for broader recognition as a state-run pharmaceutical enterprise partnered with three Chinese agencies to enhance the therapeutic potential of traditional medicine in the country.
Forex trading robots: everything traders need to know about automatic trading systems – Octa
There are different types of traders in the Forex market, and each has its own way of working. However, all traders can be divided into two groups: those who prefer to trade manually and those who stick to automated trading and use trading robots. In this article, Octa discusses Forex trading robots, also called Expert Advisors, and automated trading.
KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 22 March 2024 – Trading robots are automatic trading systems that, based on a certain algorithm, independently manage the trader’s financial flows. An automated trading program or script is not subject to ordinary human weaknesses—it doesn’t need to eat, sleep, or spend time with its loved ones. The trading robot can analyse the situation around the clock during the entire market operation hours, choose the most convenient moments for transactions, control the account balance, and monitor the execution of orders. Practice shows that using Forex trading robots greatly simplifies and automates the trader’s activity.

History and types of trading robot creation
- First generation. The prototypes of modern trading robots appeared in the late 60s and early 70s of the last century. These semi-automatic systems were based on long-term trend-tracking strategies, with sharp changes in quotes serving as a signal. They signalled traders about changes in the market, and the traders made their own decisions on what to do in this situation.
- The second generation. In the early 70s, new robots based on statistical algorithms appeared. The first was ‘momentum, ‘ which monitored the oversold market using various indicators. Another one was ‘reversal systems’, which detected deviations of the traded asset from its average value for a specified period and calculated the moments when the probability of quotes returning to the average would be higher than 50%.
- The third generation of robots relied not so much on digital price and time data as on a data set—they identified which patterns were present in the market and signalled when the pattern changed, not the trend.
Algorithms have been improving evenly with the technological progress of society. Thus, high-frequency robots (HFT robots) appeared with the growth of internet connection speed, which can make thousands of transactions per second. With the advent of artificial intelligence (AI) technology, there is no need to write an extended code—AI has taken this function over. Machine learning (ML) technology will help create a trading algorithm by observing the trader’s actions.
How to choose a trading robot
The actual efficiency of a trading robot directly depends on what algorithm it is guided by. A certain algorithm often brings solid profit for a long time, and then, due to certain market mechanisms, it starts to operate at a loss. Therefore, to make money on Forex, you need to be able to not only install and run the program but also understand the relevance of its working methods. During the selection process, it is necessary to study the essential information and parameters that directly affect the profitability of automated trading.
- Frequency of transactions. Suppose your broker has commissions for opening and closing positions. In that case, the number of operations the robot performs is important because the more orders you open, the more commissions you will have to pay. For example, the Octa broker has no commissions for entering or exiting a position. The trading robot can open as many orders as the trading signals it receives without commission issues, as Octa only considers the spread.
- Risk-reward ratio. A Forex robot should be profitable, but what exactly do you mean by this concept? For you, how much profit is profit? After all, it is one thing if you are satisfied with an income of $50–70 per week and another if you want to earn $100 daily. The higher the expectations, the greater the risk degree. Some robots are designed for trading with conservative strategies, which are the least risky but do not promise a significant income. Other robots are suitable for aggressive trading, where large drawdowns are allowed in the expectation of large profits.
- Trading conditions. No universal trading robots would trade with absolutely the same efficiency in any market conditions. Some robots are designed for trend trading, and some show good results only when trading during flat periods. As a rule, the description of each Forex robot tells you what type it belongs to. If you don’t know what is better—trend trading or channel breakout, then pay attention to the currency pairs you want to trade. Some pairs tend to form clear and relatively stable trends, while others are more likely to move in sideways channels.
- Sustainability. All automated Forex trading systems need to be tested. To understand how stable the Expert Advisor works, it is unnecessary to use it immediately on a real trading account—you can choose a demo one for testing. For example, Octa’s trading conditions on real and demo accounts are identical, which allows you to test the robot in situations as close to the real market as possible.
Why do you need trading robots in the first place? To make money, of course. Robots do not tire and can trade 24 hours a day, seven days a week. Trading robots today can be bought or downloaded for free. The main thing is to evaluate your purchase adequately. For beginners, a trading robot can become a teacher in currency operations, and for a professional—working hands that implement the necessary trading strategy.
Hashtag: #Octa
The issuer is solely responsible for the content of this announcement.
Octa
Octa is an international broker that has been providing online trading services worldwide since 2011. It offers commission-free access to financial markets and various services already utilised by clients from 180 countries with more than 42 million trading accounts. Free educational webinars, articles, and analytical tools they provide help clients reach their investment goals.
The company is involved in a comprehensive network of charitable and humanitarian initiatives, including the improvement of educational infrastructure and short-notice relief projects supporting local communities.
Octa has also won more than 70 awards since its foundation, including the ‘Best Educational Broker 2023’ award from Global Forex Awards and the ‘Best Global Broker Asia 2022’ award from International Business Magazine.
Prudential customers are the first to enjoy online nomination of beneficiary service using Sign with Singpass
The online service which leverages Singpass’ digital signing service makes it easier for policyholders to complete their nominations
SINGAPORE – Media OutReach Newswire – 22 March 2024 – Starting from 15 March 2024, Prudential Singapore (“Prudential”) policyholders are able to nominate their beneficiaries online. Prudential is the first insurer in Singapore to roll out an online nomination of beneficiaries (“online NOB”) service using Sign with Singpass, which makes it easy and more convenient for policyholders to nominate their beneficiaries.
Previously, Prudential policyholders had to submit a hard copy of their nomination forms to Prudential via post or in person at the customer service centre. With online NOB, they now have the option to submit their nomination forms and electronic signatures online.
Beneficiary nomination is crucial in ensuring that the intended recipients receive the policy benefits according to the policyholder’s wishes. While it is not compulsory to make a nomination, doing so will allow beneficiaries to receive the payout without any unnecessary delays or potential conflicts.
This online nomination service leverages Sign with Singpass[1] and generates Secure Electronic Signatures (SES)[2]. These signatures can be verified and traced back to the signer, which confirms the authenticity and integrity of the signed documents. Sign with Singpass is a product developed by Government Technology Agency (GovTech) Singapore.
Online NOB was introduced following the Monetary Authority of Singapore’s (MAS) announcement in July 2023 that amendments had been made to the Insurance (Nomination of Beneficiaries) Regulations 2009, to enable insurers to provide online nomination of insurance beneficiaries from 2 January 2024.[3]
Mr Vikas Sinha, Chief Operations Officer, Prudential Singapore, said: “With online NOB, we wanted to make it simple, convenient and secure for our policyholders to take the important step of completing their beneficiary nomination. This helps prevent any potential delays or disputes in distributing the policy proceeds and gives customers greater peace of mind knowing that their loved ones are cared for in the future.”
How online Nomination Of Beneficiaries works
Prudential policyholders will need to:
- Log in to PRUaccess, the company’s online customer portal, to initiate an online nomination for their selected policy.[4]
- Provide details of their nominees and two attestors.
- Perform digital signing via Sign with Singpass. Appointed attestors will receive an email notification to make their online declarations.
- Submit the nomination.
The nomination will then be processed by Prudential and the policyholder will be notified on the status of the nomination.
Quote from a Prudential policyholder
Ms Yeo Sook Kuan, 38 years old.
“I have been putting off the nomination of beneficiaries for my insurance policies as filling out paper forms and getting someone to witness the signing in person is really a hassle. Now that we can do it online, it makes it so much easier for everyone, and it saves me a lot of time and effort.”
Hashtag: #PrudentialSingapore
https://www.prudential.com.sg/
https://www.linkedin.com/company/prudential-assurance-company-singapore/
https://www.facebook.com/PrudentialSingapore/
https://www.instagram.com/prudentialsingapore/?hl=en
The issuer is solely responsible for the content of this announcement.
About Prudential Assurance Company Singapore (Pte) Ltd (Prudential Singapore)
Prudential Assurance Company Singapore (Pte) Ltd is one of the top life insurance companies in Singapore, serving the financial and protection needs of the country’s citizens for 93 years. The company has an AA- Financial Strength Rating from leading credit rating agency Standard & Poor’s, with S$49.4 billion funds under management as at 31 December 2022. It delivers a suite of well-rounded product offerings in Protection, Savings and Investment through multiple distribution channels including a network of more than 5,200 financial representatives.
Local Corporate Services Company One Tax CM Offers Complimentary Tax Filing For The Needy & Non-Tech Savvy Individuals
~One Tax CM’s E-Filing Assistance YA2024 initiative Returns~


Hashtag: #Business #Finance #OneTaxCM #Community #Taxfiling
The issuer is solely responsible for the content of this announcement.
One Tax CM Pte Ltd
One Tax CM Pte Ltd is a dedicated corporate service provider committed to partnering with clients for financial success and business growth. Since 2018, they have offered comprehensive solutions tailored to meet the unique needs of businesses across various industries, including tax planning, financial statement preparation, advisory services, and corporate secretarial services. With a client-centric approach and a team of professionals well-versed in industry intricacies, they leverage cutting-edge technology to streamline financial processes and provide real-time insights. Our commitment to excellence, ethics, and integrity ensures trust and confidentiality in all client relationships, while our proactive insights and strategic advice drive growth and profitability
Vietnamese President Relieved From Position, Acting President Steps in
The Communist Party of Vietnam’s 13th Central Committee announced the resignation of Vietnamese President Vo Van Thuong on 20 March after his alleged serious violation of party regulations and corruption allegations.
ETHxCAT Launches: A New Era of Blockchain Gaming for Cat Enthusiasts

HONG KONG SAR – Media OutReach Newswire – 22 March 2024 – Recently, ETHxCAT was launched, blending the excitement of gaming with the lucrative world of finance. It is built on Arbitrum chain, and it is an Ethscriptions empowered web3 game. Players are invited to explore this enchanting universe, where they can raise their own feline companions, embark on thrilling quests, and reap rewards in both TOKEN and NFT forms.

Designed to captivate cat lovers and blockchain enthusiasts alike, ETHxCAT stands out with its extensive selection of thousands of distinctively charming cats. Each with their own unique traits and abilities. Players can customize their cats with different outfits, accessories, and skills. Players can also breed their cats to create new and rare ones.
ETHxCAT unveiles the new game model that intertwines strategy, adventure, and competition. Players can join the MINT of the land plots, which are either centralized (controlled by game NPCs) or decentralized (tradable by users). They can use their cats to help other users with their land plots and earn tokens. Players can also form alliances with other users who have adjacent land plots and compete with other alliances for the most valuable TOKEN and NFT in the game.
ETHxCAT is a game that can play and earn. Players can get TOKEN and NFT by participating in various activities, such as planting crops, mining resources, trading with other players, and expanding territory. Players can also use their TOKEN and NFT to upgrade cats, land plots, and buildings.
To learn more, please visit: http://www.ethxcat.io
Hashtag: #ETHxCAT
The issuer is solely responsible for the content of this announcement.
About ETHxCAT
[ETHxCAT] is a pioneering force in the blockchain space, dedicated to creating innovative experiences for cat lovers worldwide. Join in on this magical journey, where players can play, earn, and celebrate the purr-fect blend of technology and cuteness.Follow us on Twitter, Youtube, and Telegram for real-time updates.
Twitter: https://twitter.com/ETHxCAT
Telegram: https://t.me/ETHxCAT_EN
CR Construction Announces Annual Results, Gross profit increased by nearly 20% YoY
Proposed a final dividend of HK1.8 cents per share
Highlights:
- Revenue generated from environmental operations increased by 49.8% to approximately HK$213.9 million.
- Gross profit increased by 19.3% to approximately HK$306.0 million.
- Basic earnings per share was HK14.38 cents. The Board recommended the payment of final dividend of HK1.8 cents per share.
Financial Highlights:
For the year ended 31 Dec 2023 | ||||
HK$’000 | 2023 | 2022
(Restated) |
Change | |
Revenue | 5,445,560 | 6,409,429 | -15.0% | |
|
4,703,000
528,681 213,879 |
4,995,343
1,271,246 142,840 |
-5.9%
-58.4% +49.8% |
|
Gross profit | 305,991 | 256,498 | +19.3% | |
Gross profit margin | 5.6% | 4.0% | +1.6 ppts. | |
Net profit | 72,225 | 72,940 | -1.0% | |
Earnings per share (HK cents) | 14.38 | 14.42 | -0.3% |
HONG KONG SAR – Media OutReach Newswire – 22 March 2024 – CR Construction Group Holdings Limited (“CR Construction” or the “Company”, together with its subsidiaries, the “Group”; stock code: 1582.HK), a building contractor in Hong Kong, announced its annual results for the year ended 31 December 2023 (the “Financial Year under Review”).
During the Financial Year under Review, the revenue recorded by the Group amounted to approximately HK$5,445.6 million representing a decrease of approximately 15.0% as compared to approximately HK$6,409.4 million for the year ended 31 December 2022 (the “Corresponding Period Last Year”).
Net profit of the Group during the Financial Year under Review was approximately HK$72.2 million, representing a decrease of 1.0% as compared to the Corresponding Period Last Year. During the Financial Year under Review, gross profit of the Group was approximately HK$306.0 million, representing an increase of approximately 19.3% as compared to approximately HK$256.5 million for the Corresponding Period Last Year. The Group’s gross profit margin was approximately 5.6% and 4.0% for the year ended 31 December 2023 and 2022, respectively.
During the Financial Year under Review, earnings per share of the Group was approximately HK14.38 cents (for the year ended 31 December 2022: HK14.42 cents). The Board recommended the payment of final dividend of HK1.8 cents per share.
BUSINESS REVIEW
Construction Operations
Building Construction Works
For the year ended 31 December 2023, the revenue generated from the building construction works was HK$4,703.0 million, representing a decrease of approximately 5.9% as compared to approximately HK$4,995.3 million for the year ended 31 December 2022.
During the Financial Year under Review, the gross profit of building construction works was approximately HK$204.4 million, representing an increase of approximately 38.9% as compared to approximately HK$147.2 million for the Corresponding Period Last Year. The gross profit margin increased to approximately 4.3% for the year ended 31 December 2023.
Repair, Maintenance, Alteration and Addition (“RMAA”)
The revenue generated from the RMAA works decreased by approximately 58.4% from approximately HK$1,271.3 million for the year ended 31 December 2022 to approximately HK$528.7 million for the year ended 31 December 2023. The decrease was mainly attributable to existing projects were closed to completion during the Financial Year under Review.
During the Financial Year under Review, the gross profit of RMAA works was approximately HK$61.7 million, representing a decrease of approximately HK$11.7 million from the gross profit of approximately HK$73.4 million for the year ended 31 December 2022. The gross profit margin increased to approximately 11.7% for the year ended 31 December 2023. The decrease in the gross profit and increase in gross profit margin was mainly due to decrease in revenue from RMAA works projects with higher gross profit margin during the Financial Year under Review.
Environmental Operations
For the year ended 31 December 2023, the revenue generated from the environmental operations was approximately HK$213.9 million, representing an increase of approximately 49.8% as compared to approximately HK$142.8 million for the year ended 31 December 2022. The increase was mainly attributable to increase in revenue from new and existing projects from construction and rehabilitation services during the Financial Year under Review.
During the Financial Year under Review, the respective gross profit was approximately HK$39.9 million, representing an increase of approximately HK$4.0 million as compared to approximately HK$35.9 million for the year ended 31 December 2022. The gross profit margin decreased to approximately 18.7% for the year ended 31 December 2023. The increase in the gross profit and decrease in gross profit margin for the year ended 31 December 2023 was mainly due to increase in revenue from construction and rehabilitation services which contributed lower gross profit margin during the Financial Year under Review.
CONTRACT COSTS
The Group’s contract costs primarily consisted of subcontracting costs, material costs, direct staff costs, site overheads and provision for rectification works and claims. For the year ended 31 December 2023, the contract costs recorded by the Group were approximately HK$5,139.6 million, representing a decrease of 16.5% compared to approximately HK$6,152.9 million for the year ended 31 December 2022.
PROSPECTS
Subsequent to 31 December 2023, the Group has been further awarded 4 new projects relating to 3 building construction contracts with original contract sum of approximately HK$96.4 million and 1 RMAA contract with original contract sum of approximately HK$599.0 million.
The Group has also placed significant emphasis on technological innovation to enhance its core competitiveness in the construction industry. The total expenditure for the research and development was approximately HK$17.5 million. Our self-developed “CR Smart Site Safety System” (tentative name) has integrated various systems, including environmental sensors, Enertainers, gate monitoring systems, Building Information Modeling (BIM), artificial intelligence-based safety monitoring systems and IoT system. Managerial staffs can comprehensively and in real-time monitor the construction site through a mobile and web portal, ensuring the safety of construction activities. At the same time, the Group implements smart helmets in certain construction sites, which can detect the heart rate, blood pressure, and body temperature of site workers, as well as provide real-time location tracking. These smart helmets also incorporate Radio Frequency Identification (RFID) tags for correspondence with the heavy machines equipped with RFID sensors on the site. If any workers enter unauthorized restricted areas, the alarm system will be triggered, ensuring safety for workers.
As construction digitalization continues to accelerate, the Group is keeping pace with the industry by adopting more digital tools to enhance management and construction safety, aligning with the government’s development of Smart site.
In addition, ZCIEE collaborates with various universities for technological research. This includes conducting research and development of the technology for rural wastewater treatment with Zhejiang University of Technology, as well as conducting research on Fly Ash melting technology in partnership with Zhejiang Gongshang University. These research outcomes contribute to enhancing the technological level of the environmental industry.
The outlook for 2024 should remain stable. The government has recently announced in the Hong Kong Budget 2024-2025 that they have cancelled all demand-side management measures for residential properties, namely the Special Stamp Duty (SSD), Buyer’s Stamp Duty (BSD), and New Residential Stamp Duty (NRSD). Additionally, with ongoing projects in new development areas like the Northern Metropolis, they are anticipated to have a positive impact on the Group’s business. However, the Group will still face challenges such as talent shortages in the construction industry. To address these challenges, the Group will enhance the utilization of the Labour Importation Scheme and Top Talent Pass Scheme for the Construction Sector, continuing to dedicate efforts to seek out new and potential construction opportunities for profitable growth. Additionally, leveraging the industry experience and expertise, the Group is keen to explore suitable business opportunities in the construction sector both locally and overseas.
Hashtag: #CRConstruction
The issuer is solely responsible for the content of this announcement.
CR Construction Group Holdings Limited
CR Construction Group Holdings Limited, which is carrying out construction business for over 55 years locally, is one of the leading building contractors in Hong Kong. The Group principally act as a main contractor in building construction works and RMAA works projects across public and private sectors in Hong Kong. As a main contractor, the Group is responsible for (i) overall management of the projects; (ii) formulating work programmes; (iii) engaging subcontractors and supervising their works; (iv) sourcing construction materials; (v) communication and coordination with the customers and their consultant teams; and (vi) safeguarding compliance with safety, environmental and other contractual requirements.
SIBUR undergoing business transformation to focus on Russian market

MOSCOW, RUSSIA – Media OutReach Newswire – 22 March 2024 – In order to further develop industries that consume polypropylene, polyethylene and synthetic rubbers, SIBUR plans to transform its business management model starting in April 2024, transitioning from a structure focused on product divisions to an industry-based model. To replace its Basic Polymers, Plastics and Organic Synthesis, and Synthetic Rubbers divisions, the company is going to create the following industry-based divisions instead:
- Agribusiness
- Recycling
- Flexible Packaging
- Rigid Packaging
- Engineering and Transport Infrastructure
- Healthcare
- Oil and Gas Processing and Production
- Consumer Goods
- Construction
- Transport
- E-commerce and Partnerships
SIBUR’s primary goal is to satisfy demand from Russian customers that are meeting the needs of socially important industries. The company has been consistently building up its capacities since 2014, more than doubling its production of core products in that time. Thanks to an intense R&D effort to develop its product line, SIBUR has been bringing innovative products to market every year to replace alternative solutions that are less eco-friendly and less energy-efficient, as well as to replace imports and to expand niches for the use of tried-and-tested products. These initiatives have enabled the company to facilitate growth in local production in various industries. In 2023 alone, SIBUR launched 27 new grades of petrochemical products with potential for sales of 111 thousand tonnes per year. Over the past 10 years, the consumption of polypropylene and polyethylene has increased by 35%. Thanks to SIBUR’s efforts to boost demand for polymers and its customer support programmes, imports of polymers as well as finished products made from polymers have been consistently declining. Imports of polymers into the Russian Federation have decreased by more than 30% since 2014.
The gradual ramp-up to design capacity at the Amur Gas Chemical Complex and a new polypropylene production facility in Tobolsk (DGP-2), which is expected to begin operating in the next few years, will help further increase polymer consumption in Russia and facilitate the development of import substitution programmes for finished products made from the latest synthetic materials.
SIBUR’s vision is to support the comprehensive development of every petrochemical-consuming industry, to meet growing demand and to promote the use of high-tech materials.
Russia has excellent potential when it comes to developing the use of polymer products. For example, polymers are used in 37% of packaging in the Russian Federation, while this figure reaches 50% on average in other countries. The use of polymer solutions in the housing and utilities sector in the Russian Federation is no higher than 40%; this figure is 85% in Europe. At the same time, per capita consumption of polymers in developed countries, such as Turkey (52 kg per capita), is ahead of consumption in the Russian Federation (30 kg per capita).
The transition to an industry-based model will expand opportunities for Russian manufacturers to sell their products by encouraging the use of domestic solutions, finding new niches for their use and.
Over the past 10 years, SIBUR has carried out an array of projects aimed at developing a customer-oriented business model. It has a well-developed network of R&D centres that enable it to quickly find solutions in response to customer requests for support in launching new products and formulas. SIBUR’s new model will enable its customers to work alongside the company to test ideas and hypotheses for the development of product lines and applications.
Hashtag: #SIBUR
The issuer is solely responsible for the content of this announcement.