Scientists at the National Institute of Virology (NIV) of the Indian Council of Medical Research (ICMR) in Pune are training medical workers from several countries, including Laos, to combat monkeypox amid rising concerns about the disease.
Kenanga Futures Announces Eight Eight Cashback Festival 2022 Campaign

The Campaign mechanism involves participants to trade into seven (7) CME Group products namely, Micro E-mini S&P 500 Futures, Micro E-mini Nasdaq 100 Futures, Micro E-mini Dow Futures, Micro E-mini Russell 200 Futures, Micro WTI Crude Oil Futures, Micro Silver Futures and E-micro Gold Futures.
The Micro E-mini products provide clients access to the four leading U.S. stock indexes through bite size contracts. Owing to the fact that the contracts are only a tenth of the size of a standard contract, it also plays a vital role in making futures more accessible, allowing traders to buy small fractions of individual stocks which enables them to manage their risks and portfolio appropriately as market conditions change.
Eligible participants will be rewarded with a cashback reward based on the total gross brokerage generated during the Campaign period. Participants who trade a total gross brokerage between USD100 to USD300 will earn 8% cashback, while those who trade between USD301 and USD800 or more than USD800 will earn – 18% and 28% cashback respectively.
Chief Executive Officer/Executive Director and Head of Listed Derivatives of Kenanga Futures Sdn Bhd, Azila Abdul Aziz said, “With accessibility to additional seven (7) products under the CME Group, we believe this campaign will help diversify portfolios and create structural growth to individual traders moving forward. Clients value efficient and convenient solutions when it comes to trading. With our KDF TradeActiveTM platform and cashback rewards in place, we hope this campaign will be an incentive for clients to begin their journey in Futures trading.”
“The Campaign is one of the few initiatives that we do at Kenanga Futures to create awareness and educate the general public with knowledge about the opportunities available in the listed derivatives market. This is in line with our continuous commitment to further engage and educate new and existing clients thus enabling them to see futures contracts as a tool to hedge and leverage their varied investment exposures,” added Azila.
For more information about Kenanga Futures and the “Eight Eight Cashback Festival” campaign, please visit http://www.kenangafutures.com.my.
-Terms and conditions apply
Hashtag: #Kenanga
The issuer is solely responsible for the content of this announcement.
About Kenanga Futures Sdn Bhd 199501024398 (353603-X)
Kenanga Futures Sdn Bhd is an award-winning Malaysian listed derivatives broker regulated under the Securities Commission Malaysia and Bursa Malaysia Berhad. The company offers clients electronic market access to trade listed products on Bursa Malaysia Derivatives and CME Group. Apart from being a direct member of Bursa Malaysia Derivatives Berhad and the clearinghouse, the company is also a registered broker with the U.S. CFTC and was granted exemption relief pursuant to Commission Regulation 30.10 which enables the company to paper directly with entities in the U.S. On the domestic front, the company has an extensive network with 24 branches nationwide licensed to trade listed derivatives.
Clients can access both U.S. and Malaysian listed derivatives on a single trading platform via the company’s trademarked real-time customised online trading solution, KDF TradeActive™. KDF TradeActive™ is available on both desktop and mobile devices, giving clients easy access to real-time market data and flexibility to trade on-the-go.
This Press Release was issued by Kenanga Group’s Marketing, Communications & Sustainability department.
Cheng & Cheng Taxation Reveals Nine “Additional” Challenges Trading Companies Should Pay Attention to when Pursuing Offshore Claims in Hong Kong
A surprising number of multinational corporations fail in their application for an offshore claim in Hong Kong, even when they have no personnel physically present in the jurisdiction
HONG KONG SAR – Media OutReach – 8 August 2022 – Hong Kong is famous for its simple taxation system and low tax rate, and its territorial taxation concept has attracted many Mainland China enterprises and multinational corporations (MNCs) to set up trading companies in Hong Kong. For MNCs, Hong Kong is the platform for the Mainland China market, while for Mainland China enterprises, Hong Kong is the platform for export sales. Under the territorial source concept, the Hong Kong trading company may pursue an offshore claim for exemption of profits tax. Cheng & Cheng Taxation Services Limited (Cheng & Cheng Taxation) reveals in this article the nine “additional” challenges may be raised by the Inland Revenue Department (IRD) when approving such a claim.
Pursuant to Section 14(1) of the Hong Kong Inland Revenue Ordinance (IRO), a profit is subject to Hong Kong Profits Tax under the following circumstances:
- The taxpayer is carrying on a trade, business or profession in Hong Kong; and
- The profits are arising in or derived by the taxpayer from Hong Kong.
For trading profits, the basic principle used is the “contract effected test”. When both sales and purchase contracts are effected outside Hong Kong, the trading profits would be considered as offshore sourced and therefore not subject to Hong Kong Profits Tax. The recent judgement handed down in the Newfair Holdings Limited v Commissioner of Inland Revenue case has reconfirmed the above principle. (You may refer to our April 2022 Newsletter for more details: Court continues Hang Seng Bank case principle in determining source of profits [https://henrykwongtax.com/newsletter/court-continues-hang-seng-bank-case-principle-in-determining-source-of-profits/]).
Many taxpayers believe that they have no Hong Kong Profits Tax liabilities when they do not physically travel to Hong Kong to carry out business activities
Based on the contract effected test principle, if none of the sales and purchase contracts are effected in Hong Kong, the taxpayer should have no Hong Kong Profits Tax liabilities. However, in practice, the Hong Kong IRD has been taking a stringent approach to reviewing offshore claims and will consider not only the trading arrangements but also other business activities carried out by the taxpayer.
Pursuant to Paragraph 21 of Departmental Interpretation and Practice Notes 21 (Revised) (DIPN 21), the following business activities will be considered in determining the source of trading profits:
- Solicitation of orders, negotiation and conclusion.
- Trade financing.
- Shipment.
- Performance of the contracts.
If any of the above activities are carried out in Hong Kong, the IRD will likely consider that the trading profits are taxable in Hong Kong.
To facilitate the offshore claim tax planning of trading companies, we have identified nine potential challenges raised by the IRD when reviewing offshore trading profits claims. Taxpayers should take all nine factors into account should they wish to pursue an offshore claim in Hong Kong.
Nine potential challenges faced by taxpayers pursuing an offshore claim in Hong Kong
- Hong Kong suppliers and/or customers
Pursuant to DIPN 21, if the customers or suppliers of the Hong Kong company are Hong Kong incorporated companies, the IRD’s presumption will be that the Hong Kong company carries out sales or purchase activities in Hong Kong, and thus the trading profits will be considered as Hong Kong sourced.
While trading with Hong Kong suppliers or customers does not necessarily infer that the relevant activities are performed in Hong Kong, taxpayers should be prepared to provide sufficient and strong documentary evidence to support their claim that none of the business activities are performed in Hong Kong – and third-party confirmation of the location of the business activities may also be required – otherwise the IRD is likely to disallow the offshore claim of the Hong Kong company.
- No employee is hired by the Hong Kong company
For most MNCs, the reason for setting up a Hong Kong company is to facilitate trade in Asia. Hong Kong is not their target market and thus there is no need for their Hong Kong company to hire any staff. All the trading activities of the Hong Kong company are carried out by employees of overseas group companies.
In this situation, from an offshore claim perspective, the IRD will take the view that the Hong Kong company has not carried out any business activity to earn the profits in question. In other words, the IRD looks at whether the Hong Kong company is making such a claim for tax avoidance reasons, or to take advantage of the status of being in Hong Kong (for example, its legal system or free flow of capital). For these reasons, the IRD may disallow the offshore claim of the Hong Kong company.
- Lack of internal cost recharge arrangements
As mentioned in Point 2, it is common that the trading activities of a Hong Kong company are carried out by group companies overseas. From a transfer pricing perspective, the Hong Kong company should pay a service fee to the overseas group company for those services.
However, many MNCs have no mechanism for internal cost recharge arrangements between Hong Kong and overseas group companies. In such cases, the IRD will not be convinced that the overseas group company is the agent of the Hong Kong company and will therefore disregard the work performed by the overseas group company. The offshore claim of the Hong Kong company will thus be disallowed.
- Existence of a Hong Kong company as a tax planning or internal mark-up mechanism
Similar to the internal cost recharge arrangements, the IRD will also very often make enquiries about the transfer pricing policy of trading companies if the suppliers and/or customers of the Hong Kong company are related companies. Some taxpayers may find this confusing as the transfer pricing policy seems to be irrelevant to the offshore claim.
If the Hong Kong company commands a consistently healthy gross profit margin under the group policy without bearing much risk, together with the fact that the Hong Kong company does not maintain any staff, the IRD is likely to consider that the main objective behind setting up the Hong Kong trading company was for tax avoidance purposes, and will thus disallow the offshore claim of the Hong Kong company.
- Non-payment of overseas tax
The Base Erosion and Profit Shifting (BEPS) Actions set out by the Organisation for Economic Co-operation and Development (OECD) are aimed at targeting taxpayers who are not paying tax in any tax jurisdiction. As an advocate of BEPS, the IRD is hesitant to grant an offshore claim if the profits have not been taxed in another tax jurisdiction.
Unless the taxpayers can provide strong documentary evidence to substantiate their offshore claim, the IRD will consider the non-payment of overseas tax as strong proof that the trading activities were actually carried out in Hong Kong, and will thus disallow the offshore claim of the Hong Kong company.
- Hong Kong trade financing activities
Depending on the nature of the business, the IRD may consider Hong Kong trade financing–related elements (e.g. liaison with financial institutions in Hong Kong, obtaining a Letter of Credit (LC) from Hong Kong financial institutions, or maintaining accounting professionals in Hong Kong) as the profit-generating activities of the taxpayer.
If the IRD considers that trade financing is a core part of the trading operations, and if certain parts of such activities are carried out in Hong Kong, the IRD may disallow the offshore claim of the Hong Kong company.
- Hong Kong shipping activities
The IRD may consider Hong Kong shipping-related elements (e.g. arrangement of shipment by the suppliers/customers in Hong Kong; ii) arrangement of shipment by the taxpayer in Hong Kong; and iii) the trans-shipment of goods through Hong Kong) as the profit-generating activities of the taxpayer.
If the IRD considers that shipping is a core part of the trading operations, and if certain parts of such activities are carried out in Hong Kong, the IRD may disallow the offshore claim of the Hong Kong company.
- Governance of sales and purchase contracts under Hong Kong Law
The contract effected test is the basic principle in determining the source of trading profits. Many taxpayers only focus on the location of signing and conclusion of the contract. However, the IRD will look beyond that.
Hong Kong has a sound legal system which is recognised by most Asian and Western countries. As such, it is common for the master sales agreements and the master purchase agreements to be effective under and governed by Hong Kong law. However, this could be a drawback from the perspective of an offshore claim.
Together with other factors, the IRD may consider that the Hong Kong trading company earns its profits because of its status of being in Hong Kong, and thus may disallow the offshore claim of the Hong Kong company.
Last but not least, a lack of documentary evidence is still the core reason for failure to be granted an offshore claim in Hong Kong - Insufficient information supplied in respect of trading profits from the purchase and sale of goods
The documentary evidence required for an offshore claim is different from that for accounting and bookkeeping purposes. Many taxpayers are not aware of the need to keep their trade-related business records to defend against any challenge by the IRD. As the IRD’s enquiries are normally made a couple of years later, taxpayers can find it difficult to retrieve their business records as many staff would have already left the company.Under the IRO, the burden of proof lies with the taxpayer in Hong Kong. Submitting all the required documents and information in response to the IRD’s enquiry letter is the prerequisite for a successful offshore claim. Some examples of documentary evidence for a trading profit offshore claim are illustrated in Appendix 3 of DIPN No 31 (https://www.ird.gov.hk/eng/pdf/dipn31.pdf).
Taxpayers who intend to pursue an offshore claim in Hong Kong are encouraged to collate a set of supporting documents on a representative trading transaction for the review of their tax advisors. Their finance departments should then communicate with the sales, procurement and operations departments to maintain the necessary business records to avoid or defend against any challenge by the IRD.
The elevated importance of tax planning
Enhance the chance of success of an offshore claim
Although Court decisions are seemingly in favour of taxpayers, the IRD has recently taken a more stringent approach to handling offshore claims. Taking a case to Court is never desirable, given the significant economic and time costs that are incurred, and should be considered as a last resort when it comes to a tax dispute with the IRD.
Taxpayers are therefore encouraged to take into account the nine challenges raised in this article in their tax planning, and to seek advice from their tax advisors to ensure that the most appropriate measures are taken at the inception of the trading operations.
Overseas tax exposure
The OECD’s Automatic Exchange of Financial Account Information (AEOI) and Common Reporting Standard (CRS), of which Hong Kong is a participant, are designed to elevate the transparency of foreign tax exposure, one expected outcome of which is to make double non-taxation increasingly difficult. Taxpayers who have not paid tax in their operating jurisdictions should consult their local tax advisors on their permanent establishment risk arising from any offshore claim.
Hashtag: #Cheng&ChengTaxationServices
The issuer is solely responsible for the content of this announcement.
About Cheng & Cheng Taxation Services
This article is by Henry Kwong, Tax Partner of Cheng & Cheng Taxation Services Limited. Cheng & Cheng is one of the top 20 accounting firms in Hong Kong, with over 250 staff in Hong Kong and Mainland China. We are the principal auditor for around 20 listed corporations in Hong Kong and the tax advisor for over 100. We specialise in providing Hong Kong, Mainland China and international tax advisory services, as well as transfer pricing services to international clients. If you would like to know more about transfer pricing in Hong Kong, or seek tax advice from our tax experts, please do not hesitate to contact us by email (henry.kwong@chengtax.com.hk) or phone (+852 5600 1980).
Lighthouse Canton wins three categories at Global Private Banking Innovation Awards 2022
- Lighthouse Canton was awarded Best Family Office in regional and country categories of Middle East and United Arab Emirates (UAE) respectively
- The global investment institution also clinched the award for “Outstanding Digital Transformation in Covid-19 by a Family Office”
SINGAPORE – Media OutReach – 8 August 2022 – Global investment institution Lighthouse Canton has been named the winner in three categories at the Global Private Banking Innovation Awards 2022.
In the regional and country awards for Best Family Office, Lighthouse Canton was awarded the regional title for Middle East as well as the country title for UAE. Under the digital innovations awards it also won the award for “Outstanding Digital Transformation in Covid-19 by a Family Office”.
The Global Private Banking Innovation Awards recognize and celebrate the world’s preeminent private banks, family offices and wealth managers that deliver exceptional experiences through innovative business models and customer experiences.
“Since we established the business in 2017, the Middle East has continued to rise as one the world’s leading financial hubs.” said Prashant Tandon, CEO and Managing Director for Lighthouse Canton Capital DIFC, the Dubai arm of the business. “Over the last 4 years, we have firmly focused on innovating and providing an institutionalized wealth management experience for clients in the region. We are honored and thank all our clients, partners and people who have placed their trust in us.”
“Our relationships and footprint in the UAE have been a significant part of our Middle Eastern business strategy. These awards reflect our commitment to creating value for our clients through innovative and intelligent investment solutions.” commented Shilpi Chowdhary, Group Chief Executive Officer for Lighthouse Canton. “They speak to the strengths and capabilities we have built through the continued support and relationships with our international clients.”
Commenting on its win in the Outstanding Digital Transformation in Covid-19 by a Family Office, Audrey Tang, Global Chief Operating Officer for Lighthouse Canton said, “Technology has always been at the core of our business. In combination with our investment acumen and human excellence, technology has been an enabler for us in our mission to elevate the client experience and provide intelligent investment solutions. It is also the one element that has kept the world moving despite the pandemic. In that context, this award means a lot more to us at Lighthouse Canton as we endeavor to continue to better and develop the infrastructure and technology to delight our clients, partners, and the ecosystem at large.”
Earlier this year, Lighthouse Canton was also awarded “Best Independent Wealth Manager – Investment Advisory” and “Best Independent Wealth Manager – Wealth Planning Services” at the prestigious Asian Private Banker Awards for Distinction 2021. These awards are considered the benchmark for excellence in private wealth management in the Asia Pacific region.
Hashtag: #LighthouseCanton
The issuer is solely responsible for the content of this announcement.
About Lighthouse Canton
Since its inception in 2014, Lighthouse Canton has grown significantly, serving a diverse range of global accredited investors, including private clients and some of the world’s largest institutional investors. Over the years it has built up its in-house wealth and asset management capabilities, providing its clients with an institutional-level service and framework, and a strong value system that always puts its client’s best interests forward.
Headquartered in Singapore, Lighthouse Canton employs over 100 experienced professionals across its offices in Singapore, Dubai and four cities in India. The firm oversees over $3Bn US dollars worth of assets under management and advisory. Lighthouse Canton’s Asset Management service comprises strong internal product capabilities in hedge funds, private equity, traditional fundamental analysis, investing through multiple strategies in real estate private equity, direct lending, public equities, and global macros. The firm’s wealth management service caters to accredited investors including corporates, ultra-high net worth individuals, families and family offices, founders and entrepreneurs, to help with their personal and business investments, estates and philanthropic needs, with tailored investment advisory, portfolio management, treasury, business & family office solutions.
For more information about Lighthouse Canton please visit www.lighthouse-canton.com
Rolling Pastures’s Nutrient-Packed Organic Micro Tea: Nourishing The World Through Technology
One-of-a-kind beverage that is packed with essential vitamins, minerals, and nutrients to help consumers maintain a balanced and healthy physical state.
SINGAPORE – Media OutReach – 8 August 2022 – Rolling Pastures brings micro tea into the busy lives of consumers in a form of nutrient-dense beverage concentrates. Especially in a fast and quick-changing busy city like Singapore, many young professionals and active youths need to keep their bodies healthy and well throughout the day. By incorporating the micro tea blends, consumers can maintain their balanced diet and nutrients intake more efficiently. Rolling Pastures micro tea packs will also help to improve mental health.

Introducing Micro Tea
Originally developed for people with special diets, Micro Tea is a concentrated nutrient dense beverage that are packed with vitamins, minerals, and nutrients that the body needs to maintain a balanced healthy state. Each micro tea blend is packed and preserved with nutrient extracts, flavours and scents in microcapsules which are formulated within the core composition of the capsule. It becomes the most efficient and sustainable beverage product, packaged to keep the ingredients fresh, without over-processing produce and eventually, reducing overall wastes. Micro Tea can be enjoyed with anyone’s favourite drinks. Here are the available flavours in the market:
With an aromatic smell of green tea leaves, they serve Organic Green Mist Tea packs that can help you achieve healthy digestive experience. Containing the best food source of a group called ‘Catechins’, Catechins are more powerful than vitamins C and E in halting oxidative damage to cells and appear to have other disease-fighting properties.
What’s more? The unique blend helps regulate glucose levels, slowing the rise of blood sugar levels after eating—preventing insulin spikes and reducing fat storage. These nutrients in their responsibly and sustainably sourced green tea leaves contain properties to lower total and LDL cholesterol. Moreover, it protects your body from oxidative effects to lower cardiovascular disease and cancer forming free radicals.
As people with special diets need nutrients and might not be able to consume or digest certain foods well, they can safely drink the Organic Green Mist Tea to help them boost their digestion.
With this tea, it can boost people’s immunity. It is best to take a pack after a hearty meal for a healthy digestive experience and more effective results with Rolling Pasture’s organic green mist tea’s power antioxidants.
The Organic Green Mist Tea 100 GM is retailing at SGD$24.67 and 200 GM at SGD$32.24.
For those who are looking to improve their sleep wellness and improve skin complexion, the Organic Traditional Herbal Tea is the right mix. It has been formulated for centuries as a beauty and skin care therapeutic drink. Centered around relaxation and rejuvenation of both mind and body, it aids sleep disorders like insomnia. The tea blend also has hormonal balancing effects. Being safer and more effective than sleeping pills for long term use, the strong natural calming property can help light and troubled sleepers to get into a deep sleep faster and rest better.
The Organic Traditional Herbal Tea 100 GM is retailing at SGD$25.67 and 200GM at SGD$35.24.
Organic Fire Dragon Fruit Tea serves as a daily boost of immunity that everyone needs.
It is made from a unique blend of herbs, dried fruits, and red bush tea leaves. The blend is made using leaves from a shrub called Aspalathus linearis. Its reddish-brown hue in a drink is tinctured through a delicate and precise fermentation process which preserves much of its original unfermented green tea cousin’s rich mix and flavours with a slightly roasted sweet after taste. Rich in antioxidants, the Organic Fire Dragon Fruit Tea protects consumers against cancer, heart disease and stroke.
Being a unique tea mix, the special herb and fruit blend is cured together with the leaves of the rooibos tea. This helps to enrich a tea connoisseur’s taste buds with a colourful burst of fine fruity mix, emitting an interesting flavour.
Take a pack at leisure time or on the go to give immunity boosts.
The Organic Fire Dragon Fruit Tea 100 GM is retailing at SGD$26.72 and 200GM at SGD$37.24.
Rolling Pastures sell micro tea products of both sizes at 100GM and 200GM so consumers can select their suitable portion.
The Next Generation Nutrient-Dense Beverage
Serving a new generation of consumers, Rolling Pastures Micro Teas, Rolling Pastures Micro Teas are produced with sustainability in mind. The process involves simple, non-heating and non-diluted extrusion techniques, retaining the most important aspects of vitamins and nutrients without sacrificing sensitive vitamins and minerals like vitamin A, C, D and K through oxidative stresses produced by overheating. This greatly reduces wastes while still preserving the most essential ingredients to be densely packed into microcapsules, which are also biodegradable.
Rolling Pastures manufacturing processes applies green environmental measures from pre-production to consumers to reduce Singapore’s carbon footprint. Furthermore, they use only sustainably and responsibly sourced raw ingredients and leverage on AI as a digital transformation driver for manufacturing and automation—future eco-friendly green building establishment.
Being potential key to Singapore’s 30 by 30 food security mission and vision, the core of their technology for food processing uses biodegradable and biocompatible shell material to encapsulate vitamins and nutrients into the core composition.
In ten years, the Rolling Pastures plan to expand globally and aims to become the world’s leading nutraceutical, pharmaceutical and medicinal functional food, and beverages producer, serving, tasty, convenient, and easy consumption by ages young and old.
*Disclaimer: findings are based on our research, always check with your health professional if you have any questions, or concerns before consuming or have any reactions to the products.
Hashtag: #RollingPastures
About ROLLING PASTURES
ROLLING PASTURES is a group of food and beverage specialists that focuses on promoting high quality healthy products and sustainable processing methods and technology. They are the number one upcoming industry brand. With their beverage products of 2021, they believe that by utilising their sustainable farming and harvesting technology, they can help a lot of beverage lovers achieve the enjoyment and satisfaction of a healthy lifestyle.
Dedicated to the sustainability of the environment, food, and nutrition ecosystem of the 21st century. All their products are produced on farms where carbon footprints are minimized through the latest farming technology, practices and installations.
Chubb Appoints Division Head of Consumer Lines for Singapore
In this newly created role, Serene will have responsibility on all aspects of Singapore’s consumer business comprising Accident & Health (A&H) and International Personal Lines (IPL). She will have oversight on business plans and strategies to achieve overall goals and production of the consumer business.
“Over the last few years, Chubb has established market leadership position in the consumer business for general insurance. To enable Chubb to continually present more compelling and holistic product propositions, it is timely to create the new role to meet and exceed market expectations and needs,” said Mr. Bogardus.
He added, “We have strong ambitions to grow our consumer business and equally, a commitment to continue to deliver on the overall customer experience. With Serene’s expertise and experience in consumer product development, innovation, digitalisation, and development of customer-centric strategies, I am confident she is well placed to steer our strategy in Singapore.”
Ms. Neo joined Chubb Singapore in 2019 as Division Head of A&H. Prior to joining Chubb, she has close to two decades of professional experience spanning across banking, advertising, and tourism industries.
Hashtag: #Chubb
About Chubb Singapore
Chubb is the world’s largest publicly traded property and casualty insurer. Chubb Insurance Singapore Limited, via acquisitions by its predecessor companies, has been present in Singapore since 1948. Chubb in Singapore provides underwriting and risk management expertise for all major classes of general insurance. The company’s product offerings include Financial Lines, Casualty, Property, Marine, Industry Practices as well as Group insurance solutions for large corporates, multinationals, small and medium-sized businesses. In addition, to meet the evolving needs of consumers, it also offers a suite of tailored Accident & Health and Personal & Specialty insurance options through a multitude of distribution channels including bancassurance, independent distribution partners and affinity partnerships.
Over the years, Chubb in Singapore has established strong client relationships by delivering responsive service, developing innovative products and providing market leadership built on financial strength.
More information can be found at www.chubb.com/sg.
Strategic Partnership Between Art Tokyo Global and Shanghai Film Co. Ltd
Leveraging The Artworks And Contents From Both Companies To Create Digital Arts with Location-Based Entertainment And Promote Asian Artists To The World
SINGAPORE – Media OutReach – 8 August 2022 – Art Tokyo Global Pte Ltd (ATG) and Shanghai Film Co., Ltd (SFC) have jointly announced today a strategic partnership to develop a variety of businesses, including digital collectibles centered on the World’s first NFT Art Film, “SHIP” using Web 3.0 Technology, Metaverse, and other advanced technologies. The partnership will form a strong network for promoting art from Asian artists to the World, and some of the collaboration areas include:
1. Production and publication of digital art using Web3.0 technology
(a) Production of digital artworks of Asia artworks;
(b) Sales of digital artworks from Asian Artists; and
(c) Production and sales of collaborative artworks by Asian artists.
2. Production, promotion, and branding of the World’s first NFT Art Film, “SHIP”
(a) Event program for the branding of the NFT Art Film “SHIP”; and
(b) Collaborate on various areas centering around the next sequel of “SHIP.”
3. Planning, implementing, and operating art exhibitions and Location-based Entertainment derived from the NFT Art Film “SHIP”.
(a) Organizing and operating art exhibition and sales events for branding of the NFT Art Film “SHIP”; and
(b) Joint production and implementation of the “Around by SHIP” Location-based Entertainment project, a spin-off project from the above exhibition and sales events.
Mr. Naohiko Kishi, Chairman and Executive Producer of ATG, said, “This important strategic partnership is a strong endorsement of our innovations in Art and Film combining with the Latest Technologies to set new standards for art creation and unique experiences for art lovers.”
Mr. Steven Zhang, CEO of ATG, said, “Our partnership with SFC will bring together the Asian artists and allow us to deliver more content in our exhibitions and offer new experiences using Location-based Entertainment. This strategic partnership will offer a global platform for Asian artists to showcase their work and create more exciting content in the newly created World of Metaverse.”
Hashtag: #ArtTokyoGlobal
About Art Tokyo Global
Art Tokyo Global (ATG) is an Art Exhibition, Film Production, and Digital Art Company headquartered in Singapore, with wholly-owned subsidiaries in Tokyo, Japan, and Shanghai, China.
ATG runs Asia’s largest art exhibition events, including Art Fair Tokyo, Art Stage Osaka, ArtKYOTO, and Daimaru Matsuya National Art Exhibition Tour. It is also active in Film Creative, Production, and Distribution of NFT Art Films. In July 2022, ATG completed the production of the World’s first NFT 70-minute Art Film – “SHIP” which will have a global launch within the year. In addition, ATG has developed its Future Art Tokyo (FAT) Collection Platform offering a digital art production and NFT marketplace for emerging artists in Asia. By 2023, the Company expects to have 2,000+ talented Asian artists in its FAT Collection and extend its platform to other emerging artists from Singapore and ASEAN countries.
Leveraging vast experience in the art scene, ATG has integrated Art, Films, and Technologies to break new ground and offer new and unique experiences for art lovers. The goal is to build the largest global platform for Asian artists and art lovers.
For more information, visit arttokyoglobal.
About Shanghai Film Co, Ltd.
Shanghai Film Group Co. Ltd is composed of Shanghai Film Studio, Shanghai Animation Film Studio, Shanghai Dubbing Studio, Shanghai Documentary Film Studio, Shanghai Film Technology Plant, Shanghai United Cinemas, East Film Distribution Company, Shanghai East Movie Channel, Shanghai Film Park, Shanghai Art Designing Corp., and Crowne Plaza Hotel Shanghai, etc. It is one of the largest film groups in China.
Since 2003’s organizational reform, SFG has been sticking to the “open door” and “cooperation” policy. Besides producing a great diversity of films, its major business includes film (and TV drama) development, production, promotion, sales, distribution, and exhibition. SFG has formed a complete business chain linking film & TV drama production, distribution and exhibition, technical services, media, film studios, film education, and so on. With leading production capacity, market share, and international recognition in China, SFG is contributing actively to developing the Chinese film industry. For more information, visit cfc.cn.
Bangladesh and Laos Discuss Trade, Myanmar During ASEAN Meeting

Laos Deputy Prime Minister and Foreign Minister Saleumxay Kommasith held talks with Bangladeshi Foreign Minister AK Abdul Momen on the sidelines of the 55th ASEAN Foreign Minister’s Meeting in Phnom Penh on Saturday.