Posts Tagged ‘Establishes’
UAE Establishes ‘Modern-Day Noah’s Ark’ in Landmark Biotech Deal with Colossal Biosciences
In a landmark move that underscores the shifting paradigm of global venture capital, the United Arab Emirates has finalized a nine-figure partnership with Colossal Biosciences, the Texas-based leader in synthetic biology. The initiative, unveiled at the World Governments Summit in Dubai, marks the establishment of the Colossal BioVault and World Preservation Lab—a permanent, state-of-the-art facility…
Read MoreNintendo establishes Singapore unit to accelerate South-east Asia business
The maker of video-games series ‘Pokemon’ and the Switch gaming console is also considering setting up a local unit in Thailand [SINGAPORE] Japanese video game giant Nintendo on Tuesday (Sep 30) announced the creation of a business unit in Singapore, aimed at “accelerating (its) business in South-east Asia”. It added that it was also considering…
Read MoreOCBC establishes blockchain-based digital US commercial paper programme
[SINGAPORE] OCBC Bank announced on Monday (Aug 25) the introduction of a US$1 billion digital US commercial paper (USCP) programme using the blockchain. This allows for near-instantaneous short-term US dollar funding capabilities for the bank, it said. This speed is achieved through tokenised securities and funds being on the blockchain, added the bank, allowing it…
Read MoreOCBC establishes US$1 billion digital US commercial paper programme based on blockchain
[SINGAPORE] OCBC Bank announced on Monday (Aug 25) the introduction of a US$1 billion digital US commercial paper (USCP) programme using the blockchain. This allows for near-instantaneous short-term US dollar funding capabilities for the bank, it said. This speed is achieved through tokenised securities and funds being on the blockchain, added the bank, allowing it…
Read MoreChina Everbright Water appoints new CEO, establishes sustainability committee
Xiong Jianping suceeds outgoing chief Tao Junjie who has been at the helm for nearly four years [SINGAPORE] Water environmental management company China Everbright Water has appointed Xiong Jianping, 46, as its new chief executive officer and executive director. He succeeds Tao Junjie, 59, who stepped down from both positions. The company also announced on…
Read MoreColombian President Says He’ll Deny Entry of American Planes Carrying Colombian Migrants Until US Establishes Protocol For ‘Dignified Treatment of Migrants’
Colombia’s President Gustavo Petro Latin Times Two military aircrafts containing migrants were turned down by the Colombian government in the second incident of a Latin American country refusing deportation flights. In a post published on X, president Gustavo Petro of Colombia said the United States government cannot treat migrants like criminals and they need to…
Read MoreFar East Orchard establishes inaugural private fund to invest in UK purpose-built student accommodation
FAR East Orchard has established its first private fund in Singapore, and completed its first closing of £70 million (S$120.1 million) on Thursday (Aug 22). The company announced that the fund, called the FE UK Student Accommodation Development Fund, will invest in purpose-built student accommodation (PBSA) development opportunities in the United Kingdom. The fund has…
Read MoreKeppel Reit establishes green funding framework
It also issues A$175 million in aggregate principal amount of floating-rate green notes due 2027 under its multicurrency debt issuance programme KEPPEL Real Estate Investment Trust (Reit) has established a green financing framework that will serve as a reference for all green finance transactions it issues, the Reit’s manager said in a bourse filing on…
Read MoreWing Tai establishes S$1 billion multicurrency debt issuance programme
WING Tai Holdings has established a S$1 billion multicurrency debt issuance programme. The property developer and fashion retailer on Wednesday (Mar 6) said it plans to use the net proceeds for general working capital and investments, as well as refinancing existing borrowings. It may issue perpetual securities and notes denominated in Singapore dollars or any…
Read MoreBiden Establishes Task Force To Address Classified Document Mishandling
President Joe Biden formed a Presidential Records Transition Task Force to address the mishandling of classified documents during presidential transitions. Biden’s announcement follows a special counsel Robert Hur’s report found he had willfully retained classified documents after serving as vice president. Though the Hur report decided not to criminally charge Biden for mishandling classified documents,…
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