ADM Announces Proposed Secondary Block Trade of Ordinary Shares of Wilmar International Limited (“Wilmar”) and Concurrent Proposed Offering of Zero Coupon Exchangeable Bonds, Exchangeable For Wilmar Ordinary Shares

CHICAGO, Aug 21 (Bernama-BUSINESS WIRE) — ADM (NYSE:ADM) today announced that its wholly-owned subsidiaries ADM Ag Holding Limited (“ADM Ag”) and Archer Daniels Midland Asia-Pacific Limited (“ADM APac”) propose to sell ordinary shares of Wilmar (the “Shares”) for an aggregate purchase price of approximately US$500,000,000 pursuant to a secondary block…

Malaysia’s Path To Economic Recovery Post Pandemic

KUALA LUMPUR, Aug 21 (Bernama) — The Malaysian government needs to expand its fiscal deficit to revive its economy in the post-pandemic period. It would also need to attract foreign investment from countries that have quickly recovered from the pandemic, says Adam Ho. Adam Ho, managing director of the investment banking department…

Nippon Express (Nederland) Building New Warehouse In Schiphol Trade Park

TOKYO, Aug. 21, 2020 /Kyodo JBN-AsiaNet/ — Nippon Express (Nederland) BV (hereinafter, “NE Nederland”), a local subsidiary of Nippon Express Co., Ltd. based in Tokyo, began construction of a new warehouse in Schiphol Trade Park on Monday, August 3. Logo: https://kyodonewsprwire.jp/img/202008193274-O1-3j1MxVt7 Photo: Groundbreaking ceremony: from left to right, Marja Ruigrok, Councilor,…

AXA Named International General Insurer of the Year for the 5th Consecutive Year

KUALA LUMPUR, Aug 19 (Bernama) — AXA Affin General Insurance Berhad (AXA) achieved yet another commendable milestone, receiving the International General Insurer of the Year – Malaysia and New Insurance Product of the Year – Malaysia awards for the 5th consecutive year at the Asian Banking and Finance (ABF) Insurance Asia Awards 2020. AXA is the first…

MyCC Releases Market Review On Wholesale And Retail Industry

KUALA LUMPUR, Aug 19 (Bernama) — The Malaysia Competition Commission (“MyCC”) has made available to the general public its findings and recommendations contained in its Market Review under the Competition Act 2010 for Service Sector in Malaysia (Wholesale and Retail for Selected Product), in line with section 11 and 12 of…

CIMB and Berjaya Sompo introduce Secure Home, a first-of-its-kind insurance for household goods and personal belongings

KUALA LUMPUR, Aug 19 (Bernama) — CIMB Bank Berhad (“CIMB” or “the Bank”) in collaboration with Berjaya Sompo Insurance Berhad (“Berjaya Sompo”) have introduced Secure Home, a first online all risks protection insurance plan that covers both household goods and personal belongings in your home against loss and damage, on a first loss…

PCG Mitigates COVID-19 Impact, Posts 1H Profit Of RM678 Million

KUALA LUMPUR, Aug 19 (Bernama) — PETRONAS Chemicals Group Berhad (PCG) maintained profitability in 1H 2020 despite global challenges brought on by COVID-19 and the OPEC+ fallout. The Group registered 6-months Profit after Tax (PAT) of RM678 million, during the period which saw lockdowns across the world and collapse of…

Drive & Ride Safely This Merdeka With Amazing Discounts On Auto Accessories With Mudah.my’s Merdeka Auto Accessories Sale

KUALA LUMPUR, Aug 19 (Bernama) — Mudah Auto, Malaysia’s No.1 Car Marketplace, part of Mudah.my has introduced a new campaign, Mudah.my’s Merdeka Auto Accessories Sale. The campaign offers exclusive deals, with at least 15% off ad listing price on car accessories and 10% for motorcycle accessories by the platform’s PRO Niaga…

International CCS Knowledge Centre: Let’s Be Clear, Petra Nova’s Carbon Capture System Works

REGINA, Saskatchewan, Aug 19 (Bernama-GLOBE NEWSWIRE) — The recent news that the carbon capture and storage (CCS) project at Petra Nova suspended its operations is concerning. As we try to advance CCS globally to see rapid and meaningful cuts in carbon dioxide (CO₂) emissions, any project that gets shut down at…

Red Hat Drives the Future of Open with Asia Pacific Partners

SINGAPORE, Aug 19 (Bernama-BUSINESS WIRE) — Red Hat, Inc., the world’s leading provider of open source solutions, today announced the Red Hat Asia Pacific Partner Conference 2020. The event will be a fully virtual experience and expects the attendance of more than 2,200 Red Hat partners, distributors, systems integrators, independent software…