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Incomlend Capital Receives Capital Markets Services Licence from Monetary Authority of Singapore, Expanding Trade Finance Investment Opportunities for Investors

Incomlend Capital aims to raise and manage US$500 million for the Incomlend ESG Invoice Financing Programme

SINGAPORE – Media OutReach – 3 Novemver 2021 – Incomlend Capital, an Incomlend Group company, has received the Capital Markets Services (CMS) licence from the Monetary Authority of Singapore (MAS) to conduct fund management activities. The CMS license allows the company to set up and manage funds and collective investment schemes. Incomlend Capital now offers institutional and accredited investors a range of competitive and stable trade finance investment solutions.  

 

Incomlend Capital aims to provide investors with superior returns in the trade finance receivables market on a risk-adjusted basis. Investors will benefit from the fund management team’s active portfolio management, risk management, and security selection in addition to having their investments in a transparent, secured, and ring-fenced asset-holding structure.

 

One of the significant funds that Incomlend Capital will be managing is the Incomlend Environment Social, and Governance (ESG) Invoice Financing Programme, Asia’s first ESG-focused structured finance programme. Incomlend Capital aims to raise US$500 million for the programme and is in the advanced stages of discussion with institutional investors. This includes the US$60 million investment from the European alternative asset manager, Fasanara Capital.

 

The initiative allows Small and Medium Enterprises (SMEs) that meet the ESG and financial criteria to access quick turnaround invoice financing solutions. It also connects socially conscious investors with responsible, sustainable SMEs and enabling investors to find investments that better fit their values and financial goals.

 

Furthermore, Incomlend Capital will allow accredited investors access to the Incomlend Group’s global invoice financing marketplace through the management of funds. The marketplace currently gives SMEs access to working capital solutions by matching proven exporters and importers with world-class investors. Since its launch in 2016, Incomlend Group has financed over $500 million in trades in over 50 countries.

 

Incomlend Group currently counts prominent venture capital funds, including Sequoia Capital and GTRVentures, and logistics multinational corporations, such as CMA CGM, as its strategic partners. With the CMS licence, Incomlend Capital is looking to partner with more global fund managers to place their products with accredited and institutional investors.

 

Incomlend Capital CEO Swajit Rath commented:

“As a global financial hub, Singapore is a nexus for investors seeking access and quality investment opportunities across markets in the Asia Pacific and the world. With the CMS licence, we can deliver bespoke investment solutions and support that enable investors to achieve optimal returns at a risk level suited to their unique needs. It’s also a strategic move to scale Incomlend Group’s global invoice financing marketplace. With more investors and funding, we can deliver alternative working capital solutions to more quality SMEs globally, enabling them to accelerate their business growth.”  

About Incomlend Capital

Incomlend Capital is an Incomlend Group company that offers managed fund services to institutional and accredited investors. The Singapore-based fund management company combines custom-tailored advice, the latest technology, and industry research for investors to achieve optimal returns at a risk level suited to their needs. For more information, visit www.incomlendcapital.com.

#IncomlendCapital

Rob Mackay appointed CEO of Regnology

  • With his background from executive positions in Itiviti, FIS, and SunGard, Rob Mackay has successfully built leading international companies in the financial software sector
  • Regnology’s founding CEO, Jürgen Lux, has decided to assume a more strategic role and will continue sharing his knowledge and experience as a senior advisor to the Board of Directors of Regnology and to its owner Nordic Capital

FRANKFURT, GERMANY – Newsaktuell – 3 November 2021 – Regnology, a leading international provider of innovative regulatory, risk, and supervisory technology solutions (RegTech, RiskTech, and SupTech), announced the appointment of Rob Mackay as new CEO of the company. Regnology’s founding CEO, Jürgen Lux, has decided to assume a more strategic role as a senior advisor to the Board of Directors of Regnology and to its owner Nordic Capital.

 

Regnology’s Board of Directors selected Rob Mackay for the position on account of his extensive experience from the financial services sector as a successful executive with a strong track record and customer focus.

 

Rob Mackay was until recently the CEO of Itiviti, a world-leading financial service company and technology provider for the capital markets industry. Prior to that, he was responsible as Chief Operating Officer for the Cross-Asset Trading & Risk business unit at FIS, the world’s largest provider of banking technology. His previous management experience includes positions as Chief Operating Officer of Hedge Funds & Risk and Managing Director of Alternative Investments.

 

“We are very pleased that Rob joins Regnology as CEO. With his valuable experience, he will support Regnology to reach the next level and further strengthen its extraordinary growth journey. Rob comes with extensive operational and commercial leadership experience. With his background from executive positions in Itiviti, FIS, and SunGard, he has successfully built leading international companies in the financial software sector. He is highly results driven and admired for his ability to create high performance cultures. The Board is confident that his deep understanding of customer needs and his strong track record in driving international growth makes him the right leader to take Regnology to the next level as an innovative and reliable partner to our customers,” says Johan Ek, Chairman of the Board, Regnology.

 

“Regnology is a company with a strong offering and great, dedicated people. I am looking forward to build upon the impressive foundation that has been established to date and to working with Regnology’s many talented and passionate colleagues, contributing to its continued development, and delivering the service, solutions and innovation that customers require to support their business and strategic ambitions,” said Rob Mackay, incoming CEO of Regnology.

 

By the acquisition of Vizor in 2021, a solid steppingstone for further opportunities for Regnology outside the DACH region has been created. The company is now in a position of strength, with significant potential to further accelerate its international growth journey. The goal is also to accelerate the product and service offerings.

 

“The Board of Directors of Regnology would like to thank Jürgen for his outstanding dedication and contributions since inception of the business more than 25 years ago. Under his leadership Regnology has established itself as a leading software provider in the RegTech space, particularly in the DACH region. We are looking forward to continue working with Jürgen in his capacity as a senior advisor,” comments Johan Ek.

 

“After almost three decades, now is the right time for me to step aside and make a change. Regnology is ideally positioned for a successful future and is fully on course for growth. With Nordic Capital, we have the right partner at our side. I am pleased to be able to contribute to the new chapter of the company’s success story as Senior Advisor,” says Jürgen Lux.

 

Until end of 2020, the company was part of BearingPoint group and operated under the name BearingPoint RegTech. Since the sale of the RegTech business to private equity firm Nordic Capital, the company is independent. In June 2021, the company joined forces with Vizor Software and recently changed the name to Regnology.

About Regnology

Regnology is a leading international provider of innovative regulatory, risk, and supervisory technology solutions (RegTech, RiskTech, and SupTech), of AEOI and tax reporting products, as well as of services along the Regulatory Value Chain for financial services. Regnology has been a partner for banks and regulators for 25 years. In total, Regnology serves more than 7,000 financial services firms with reporting solutions. At the same time, the company enables more than 50 regulators and tax authorities to collect data from 34,000 firms in 60 countries. The combined company has a total workforce of over 770 employees at 17 office locations in 12 countries.

More information:

www.regnology.net

www.vizorsoftware.com

#Regnology

Like Medi uses a new and unique LightSheer® technology to launch “True. Painless” Laser Hair Removal Treatment with Vacuum Technology

HONG KONG SAR – Media OutReach – 3 November 2021 – After many years of experience, Like Medi found that most customers are most concerned about the pain caused during and after laser hair removal. In view of this, in order to let customers have the best experience when receiving laser hair removal treatment, they combined Advanced technology and ingenious operation skills <True. Painless> permanent hair removal treatment, using the new and unique LightSheer® technology.

 

The LightSheer® technology launched by Like Medi this time is produced by Lumenis, the world’s largest energy medical device company for beauty, surgery and ophthalmology applications. This product is positioned at the forefront of the market. Provide laser hair removal treatment with a wavelength of 805 nm or 1060 nm, no need to stop, in addition to painless hair removal, it can also treat pigment and vascular diseases. Doctors can combine LightSheer®’s high-speed vacuum assist technology with ChillTip (TM) integrated contact cooling technology to achieve excellent results and provide customers with pleasant, effective, fast and safe treatment.

 

LightSheer® is the latest generation of Lumenis hair removal system, using the “vacuum patented negative pressure suction laser hair removal principle” to suck the skin surface with vacuum technology to expand the epidermis, reduce the density of epidermal melanin, and temporarily block blood circulation in the blood vessels, allowing energy It reaches the deep hair follicles more accurately, and the hair shaft and hair follicles are damaged, which prevents the hair from growing again. Compared with general laser hair removal, no anesthetic is required before the treatment. Its first HIT vacuum painless technology and breakthrough semiconductor infrared laser (800 nm) make the hair removal process as comfortable as thermal massage, greatly reducing pain and achieving effective The hair removal effect, coupled with the patented ChillTip™ Contact Cooling cryoprotection technology, provides a constant temperature of 4°C throughout the treatment, which is safer and more comfortable than traditional laser hair removal. For particularly thick hair (such as men’s hair removal or Bikini hair removal) More effective. After years of all verification, it has been approved by the US FDA as a medical device for permanent hair reduction.

 

The LightSheer® hair removal system also allows to provide 3 different sizes of treatment probes customized treatment according to different hair colors, different skin types and different body parts, such as ET cold pressure probe for small-scale hair removal (face hair removal, hand hair removal, Bikini hair removal ), HS vacuum probe is aimed at large-scale hair removal (men’s laser hair removal, back hair removal). The number of hair removal treatments and the laser hair removal effect required by the customer depends on the hair color and the target area. Because hair grows periodically, it requires multiple treatments to get the best results. Each hair removal treatment lasts 10 to 30 minutes.

 

Before each treatment, the Like Medi will remind customers to prepare before hair removal and avoid receiving fruit acid peeling treatments or using fruit acid skin care products on related parts. In addition, avoid receiving optical treatments such as color light, laser, radio frequency, microneedles, etc. on the relevant parts within 4 weeks before the treatment. Just pay attention to wearing loose clothing before laser hair removal After the treatment, the customer will be reminded not to use antiperspirant, fruit acid, alcohol-containing skin care products within two weeks after the laser hair removal, and moisturize after the hair removal, and apply high-moisturizing skin care to the laser hair removal area. Good care after laser hair removal can prevent dry skin and even red spots after hair removal.

 

About Like Medi

Like Medi’s business philosophy is “Intentions, Sincerity, and Word of Mouth”, providing high-quality life beauty and medical beauty treatments, shaping a new definition of “beauty”, crafting aesthetics in the subtleties, and letting technology create health and beauty. In addition to women’s hair removal, it has also been available in recent years. Men began to pay attention to hair appearance, so Like Medi also launched men’s facial hair removal. They use European and American medical beauty brands and professional-grade equipment to perform facial laser hair removal, and measure exclusive aesthetic treatments for different customers. During customer consultation, customers often ask ” What are the recommendations for hair removal“, “which hair removals are better“, “are permanent hair removal and laser hair removal the same things”, these information will also be shared in Like Medi, such as which permanent hair removals are better, which laser hair removals are better, etc., they also provide the most popular bikini line hair removal service in recent years. In addition, Like Medi will also share hair removal tips, such as preparations for laser hair removal, post-removal care, so that customers can enjoy safe treatment during the entire hair removal process. .

For more information, please visit: https://likemedi.com/

#LikeMedi

Tanoto Foundation Supports Stroke Support Station’s Caregiver-Focused Programme

SINGAPORE – Media OutReach – 3 November 2021 – Independent philanthropy organisation Tanoto Foundation is supporting Stroke Support Station (S3) in developing a programme to further engage and empower stroke family caregivers in the rehabilitation and reintegration journeys of their loved ones.

Currently, S3 provides caregivers with information or assistance regarding stroke resources and referrals to the appropriate agencies. It also provides care management and counselling for stroke survivors and caregivers facing financial stresses, grief and loss, as well as subsidies so they still get access to rehabilitation services. The expanded programme will focus on the family members of stroke patients and help them to overcome mental and physical challenges of caring for their loved ones.

 

Ms Belinda Tanoto, member of the Board of Trustees at Tanoto Foundation, which was founded by Sukanto Tanoto and his wife Tinah Bingei Tanoto in 1981, said: “A quality health span matters for all families and communities, and this is something we hold close to our hearts as we support research and partnerships through our medical philanthropy work. Because we recognise that many caregivers of stroke survivors are family members, we are now exploring with our friends at S3 family-centred solutions and programmes to empower these caregivers and promote family harmony and filial piety.”

 

While people tend to associate stroke with the elderly, according to the Singapore Stroke Registry Report, there has been a significant increase in stroke incidences in the age groups of 15-29 and 40-49.

 

As most strokes occur suddenly, stroke survivors are left with a sudden loss of ability to perform certain tasks such as walking to the bathroom or getting dressed, and need a lot of physical assistance for support. They also have to deal with their grief over their loss of function, confidence and independence.

 

With an aim to improve the quality of life, Tanoto Foundation supported S3 as a pioneer donor in 2015. Launched in 2016, S3 is Singapore’s first dedicated wellness centre which helps patients recover psychosocially and emotionally, while providing social-emotional support to caregivers. It has programmes and activities to help stroke survivors regain mobility and acquire stress relief techniques. It also provides caregivers with sharing and group counselling sessions.

 

Tanoto Foundation has operations in Indonesia, China and Singapore. Part of its human capital development work also includes medical philanthropy and healthcare advocacy. It supports medical research in diseases prevalent in Asia as well as research in early childhood development and maternal health.

 

#TanotoFoundation

Laos Marks New Daily Record of Covid-19 Cases

Vientiane Covid Update


Laos has confirmed 1,062 cases of Covid-19 today, marking a new daily record for the country.

Nearly Four Thousand Lao Workers Receive Vaccinations in Thailand

Lao migrant workers receive Covid-19 vaccinations in Bangkok
Lao migrant workers receive Covid-19 vaccinations in Bangkok

 

The Thai government has begun Covid-19 vaccinations for 3,849 Lao migrant workers living in Bangkok.

Shop Online at iShopChangi this 11.11 and Save with our Biggest Sale of the Year

Get on board the biggest sale of the year at iShopChangi, with amazing flash vouchers and partner deals that will help you save a ton. Running from now till 14 November 2021, stack sitewide vouchers on top of both shop vouchers and brand deals to get up to 70% off!

SINGAPORE – Media OutReach – 3 November 2021 – There’s no better time to head online and start loading up your shopping cart on iShopChangi than for 11.11, the biggest sale of the year. On top of stackable flash vouchers to save even more on brands like ESTÉE LAUDER, PENFOLDS and MONTBLANC, there’s also free delivery Singapore-wide when you spend S$59 or more!

 

Don’t Miss Stackable Flash Vouchers

Get the most out of iShopChangi’s 11.11 campaign with stackable flash vouchers when you checkout. Whether you’re buying great wines and spirits, the latest electronics or must-have beauty products, these promo codes can be stacked on top of shop vouchers and brand deals so you get the biggest bang for your buck.

Grab flash deals over these two weeks. Till November 4, use 11FLASH22 to save S$22 off a minimum spend of S$20 and 11FLASH88 to take S$88 off a minimum spend of S$580. Meanwhile, 11FLASHOFF runs from November 5-7, featuring 11% off a minimum spend of S$250 ​with no discount cap.

If you plan on shopping between November 8-10, use 11FLASH111 for a huge saving of S$111 off a minimum spend of S$680. Finally, shop from November 11-14 with promo code 11FLASH to wipe 11% off with no minimum spend, discount capped at S$50.

 

Save with American Express

If you shop with American Express, here is how you can maximise your savings further! New shoppers to iShopChangi will get an incredible 20% off a minimum spend of S$150, capped at S$80. Just enter the promo code 20AMEXNEW21 when you checkout.

Existing iShopChangi customers can still access these huge savings, with 12% off a minimum spend of S$200, capped at S$50. Use the promo code 12AMEX21 when you’re carting out to get more for less.

Payment must be made with an American Express card for promotion to apply. Both vouchers run until November 30 2021, so grab them fast.    


Earn Perks with DBS/POSB

DBS/POSB cardmembers can also enjoy more discounts with promo codes exclusively for them. Till 31 March 2022, new iShopChangi customers can use 8DBS20NEW to take 20% off their purchase with no minimum spend, capped at S$30. While existing shoppers can add 8DBS25ALL to save S$25 off a minimum spend of S$200, promotion is valid till November 14 2021. Payment must be made with a DBS/POSB credit or debit card for promo to apply. These perks are just another way 11.11 is set to be an unforgettable shopping extravaganza.

In addition to massive savings, all shoppers can also earn up to 3% rebates with their Changi Rewards exclusive membership

About iShopChangi

iShopChangi was launched in 2013 as an extension of Changi Airport’s promise to deliver greater comfort and convenience to travellers in its suite of airport retail offerings. Passengers can browse and purchase tax- and duty-free products across all terminals between 30 days to 12 hours pre-flight on the e-store – and choose to collect their items at Collection Centres within departure, upon arrival or have them delivered free in Singapore. Providing easy access to over 30,000 products across 900 brands and exclusives such as Changi First product launches, the site has since received global recognition with its award for Best Website – Retail Customer Facing at The Moodies: the Airport and Travel Retail Digital Media Awards 2018. In early 2020, the e-commerce store started to retail a selection tax- and duty-absorbed products to Singapore-based residents without the need to fly.

#iShopChangi

Sink or Swim: Asia’s marine fisheries at risk of collapse, leading scientists warn

HONG KONG SAR – Media OutReach – 3 November 2021 – The combined impacts of climate change and overfishing mean Asia’s fisheries are at risk of collapse in the coming decades, according to new research released today.

Photo credit: Calton Law, further press materials available here.

 

The report Sink or Swim: The future of fisheries in the East and South China Sea shows that growing demand for fish-based feed in the aquaculture industry is an emerging driver of fisheries overexploitation in the East and South China Seas.

 

Under a severe climate change trajectory, which indicates a 2˚C warming by 2050, the South China Sea is likely to experience significant declines in key commercial fish and invertebrate species, placing many regional fishing economies at risk of devastating failure.

 

Scientists call for immediate action to reduce fishing effort in the next ten years in order to prevent irreparable damage to Asia’s key oceans. As the two most important fishing areas in the West Pacific in terms of productivity and economic value, the East and South China Seas have a combined trade valued at approximately US$100 billion.

 

Parts of these marine areas have experienced warming ten times the global average, whilst subject to decades of overfishing. Many commercially important species, such as chub mackerel or large yellow croakers, are currently classified as overexploited.

 

The research, conducted by University of British Columbia (UBC) fisheries scientists and ADM Capital Foundation, highlights key threats and risks of economic losses under a range of climate change and fisheries management scenarios.

 

The fisheries team applied advanced ecosystem modelling techniques to project the impacts of climate change and overfishing on fish populations and the revenues generated by the fisheries of the East and South China Seas.

 

“Under certain climate change scenarios, seafood species that are mainstays of the Hong Kong seafood market, such as groupers and threadfin breams, could be reduced to a fraction of their present population by the end of the century – if not driven completely to extinction,” explained Dr. Rashid Sumaila, Professor at the Institute for the Oceans and Fisheries and the School of Public Policy and Global Affairs at UBC.

 

“This is especially the case in the tropical waters of the South China Sea, where many fish species are already facing the limits of their heat tolerance,” he added.

 

The analysis specifically focuses on seafood species that are valuable to Hong Kong, where 95% of seafood consumed is imported and the annual value of imports rank amongst the highest in the world.

 

The severe climate change scenario estimated losses in revenues upwards of US$10bn annually for South China Sea fisheries. By comparison, US$3-7bn in losses are projected under a mild climate change scenario, equating to 1˚C in global warming by mid-century.

 

Combined with the effects of a severe climate change scenario, continued business-as-usual fishing intensity is expected to result in a 90% drop in key commercial species, by weight (biomass) in the South China Sea by the end of the century. This translates to a projected US$11.5bn of annual revenue losses.

 

The East China Sea is similarly expected to lose 20% of the biomass of its key commercial species under this same set of conditions. However, in a scenario where fishing intensity is reduced by 50% in the next ten years and climate change is mild (i.e., 1˚C warming by mid-century), the East China Sea has the potential to gain 20% in marine fisheries biomass by 2100 compared to present day.

 

The overexploitation of Asia’s fisheries has in part been driven by the growth of the aquaculture industry. Many commercial vessels now opt for a ‘quantity over quality’ approach to produce feed for farmed fish and animal feed – known as feed-grade fishing.

 

“Many people are unaware that aquaculture can contribute to overfishing, rather than counteract it,” said Dr Yvonne Sadovy, Honorary Professor at the University of Hong Kong. “By using wild-caught fish for aquaculture feed, we are harvesting juvenile fish of commercially important species and potentially jeopardizing future regional food security.”

 

The research highlights an urgent need to seek alternative protein sources for the aquaculture industry. By allowing juveniles to mature in the wild, modelling predicts that regional fisheries revenue would be over ten times higher than if current feed-grade fishing practices are continued.

 

“The research sets the foundation to initiate regional dialogues to collectively manage East and South China fisheries, especially including themes of climate change adaptation,” said Ashley Bang, an author of the report.

 

“With a strong commitment to regional fisheries management and climate change mitigation, our oceans can continue to support Asia’s human, social, and economic well-being to infinity,” said Dr. Rashid Sumaila of UBC. “The choice is ours to sink or swim.”

 

All eyes are on this week’s United Nations Climate Change Conference (COP26) which will determine whether the necessary actions will be taken to mitigate climate change. If not, the millions of livelihoods that depend on the East and South China Sea’s fisheries will spiral into crisis.

 

Read the full report here.