KUALA LUMPUR, May 20 -- Country Garden Real Estate (CGRE) has successfully issued three tranches of Islamic Sukuk for a total of RM495 million in March, with the longest tenure among them being seven years.
These issuances are reflection of the positive reception of the Company's most significant project, ‘Forest City’, as well as demonstration of confidence that Malaysian capital markets have in both Country Garden Group and CGRE’s long term growth in Malaysia. According to a statement, this is also shown by RAM Ratings that in September 2019 reaffirmed the AA3/Stable rating of CGRE’s Islamic Medium-Term Note (IMTN) Program. CGRE’s IMTN Programme was set up in 2015, which was the first ever Ringgit Sukuk issued by a China-related corporate entity. It was bestowed with the Triple-A Islamic Finance Awards 2016 by The Asset and the League Awards 2016 by RAM. Forest City Johor, which is located adjacent to Singapore and situated in the Iskandar Special Zone of Johor, is currently the Group’s largest overseas project. To this date, the basic infrastructure of the Forest City has already been developed in scale. Country Garden Malaysia has considerable liquidity and a healthy balance. Sales have remained resilient across all projects, and they are in line with the Group’s encouraging recent announcement of its financial performance report. Malaysia is currently one of the world’s biggest markets for Islamic finance. Sukuks are Islamic financial certificates (similar to a bond), that complies with Islamic religious law commonly known as Syariah. -- BERNAMA
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GREENWICH, Conn., May 19 (Bernama-BUSINESS WIRE) -- Interactive Brokers Group, Inc. (Nasdaq:IBKR) today announced the launch of its new Mutual Fund Marketplace, which offers availability to more than 25,000 mutual funds, including over 21,000 no load and 8,300 no transaction fee funds, from more than 290 fund families. The marketplace, which can be visited at ibkr.com/funds, is available to residents in over 200 countries and territories.
“The Interactive Brokers Mutual Fund Marketplace is now the largest, single source of no-load mutual funds,” said Steve Sanders, EVP of marketing and product development. “Our marketplace also has lower costs, if not the lowest, on our massive inventory of mutual funds.” Clients can select from thousands of free mutual funds or pay just € 4.95 (or equivalent) per trade.** Sanders also noted that, unlike many competitors, Interactive Brokers never charges a custody fee. Moreover, Interactive Brokers’ Mutual Funds Marketplace includes products exclusively from outside companies. “Instead of pushing proprietary funds like Fidelity, Vanguard, Schwab and others do, Interactive Brokers is product neutral,” Sanders said. “We have a fantastic variety of fund families available in our agnostic marketplace.” To facilitate searching the massive marketplace, this week Interactive Brokers also introduced a Mutual Fund Search Tool to let clients and non-clients search products and sort by their country of residence, commission charged, fund type and fund family. In addition to mutual funds, Interactive Brokers clients can invest in stocks, options, futures, forex, bonds, and ETFs in 135 markets in 31 countries from a single integrated account. “Interactive Brokers has always focused on providing advanced technology, superior pricing and breadth of product worldwide. We have now built the largest no-load mutual funds marketplace to help investors enjoy increased access to global markets and greater diversification,” Sanders said. Residents of Australia, Hong Kong, Japan, and Singapore will not have immediate access to the marketplace but should check back for availability. Access is not available to residents of sanctioned countries or territories. http://mrem.bernama.com/viewsm.php?idm=37384 The IDB-funded project will help Chile respond to emerging cybersecurity threats
TEL AVIV, Israel, May 20 (GLOBE NEWSWIRE) -- Toka, the cyber capacity-building company for government agencies, has been selected by the Government of Chile and the Inter-American Development Bank (IDB) to advise Chile on next steps for the country’s national cybersecurity readiness and operational capacity building. Toka will assess current cybersecurity gaps and challenges in Chile and support the IDB project implementation by recommending specific cybersecurity readiness improvements. The capacity building project, funded by the IDB, will strengthen Chile’s cybersecurity, build the country’s long-term resilience to digital threats, and establish Chile as a cybersecurity leader in South America. Following the May 2018 cyberattack on Banco de Chile, Chilean leaders accelerated the implementation of the national cybersecurity strategy approved in 2017 in order to address these emerging challenges. Toka supports the ongoing implementation of Chile’s national strategy and will suggest improvements to Chile’s technological tools, infrastructure, training programs, and cybersecurity policies. “In today’s ever-changing landscape of cyber threats, the Inter-American Development Bank understands that countries of all sizes all over the world must be proactive and regularly look for new ways to protect their vital infrastructure and their people,” said Yaron Rosen, CEO and co-founder of Toka. “We’re thankful our trusted partnerships with established organizations like the IDB provided us with this opportunity to work with the Government of Chile on the country’s cybersecurity resilience.” Toka is the first company to tackle these emerging threats by merging cutting-edge innovation with bold, strategic thinking about national cybersecurity matters. Toka develops high-end intelligence gathering capabilities to strengthen homeland security and can address the full breadth of defensive cybersecurity needs, including developing new technologies when required. Toka also works with other international organizations to offer unique “Cyber Designer Services” to government agencies, advising them on the strategies, processes, technologies, and personnel development needed to keep their critical infrastructure, digital landscape, and government institutions secure. Headquartered in Tel Aviv, Israel, Toka was founded by leaders with unparalleled experience in the political, military, and corporate worlds. The Toka team includes members who have worked at the highest levels of Israel’s national cybersecurity ecosystem, spearheading the development of Israel’s National Cyber Agency, the first of its kind in the world. Its founding team includes: retired Brig. Gen. Yaron Rosen, former Chief of Israel Defense Forces Cyber Staff; Alon Kantor, former Vice President of Business Development for CheckPoint; Kfir Waldman, former CEO of cyber and mobile companies Kayhut and Go Arc; and Ehud Barak, former Israeli Prime Minister and Minister of Defense. About Toka A strong national cyber defense and resilience are the keys to protecting any country’s systems, people, and digital economy from dynamic threats. Toka builds targeted and lawful intelligence gathering platforms to effectively gather intelligence from various sensors. These first-of-their-kind software platforms are simple to use, scale quickly, and offer complete operational control to enable smarter, faster, and easier investigations and operations. Toka’s unique Cyber Designer Services provide agencies with the full-spectrum strategies, customized projects, and technologies needed to keep critical infrastructure, the digital landscape, and government institutions secure and durable, while adhering to leading industry-recognized security standards. Toka helps design, build, and manage a tailored ecosystem of cyber capabilities and software products for governmental, law enforcement, and security agencies. Founded by leaders with unparalleled experience in the strategic, defense, and corporate worlds, Toka works across the strategic, operational, and tactical levels, and has deep, hands-on technical experience, to address the full breadth of its clients’ cybersecurity needs, including developing new technologies when required. Toka is headquartered in Tel Aviv, Israel, and backed by investors such as: Andreessen Horowitz, Eclipse Ventures, Dell Technologies Capital, Entrée Capital, and Launch Capital. For more information, go to: tokagroup.com. Contact: Kenneth Baer, [email protected] (202) 792-7200 SOURCE: Toka 14 May 2020
TURNOVER FIGURES FOR THE 1st QUARTER OF 2020 Turnover down by 6.6% Outperforming the market in relation to global automotive production A high level of cash flow generation FRANCE, May 18 (Bernama-GLOBE NEWSWIRE) -- AKWEL (FR0000053027, AKW, PEA-eligible), the automotive and HGV equipment and systems manufacturer specialising in fluid management and mechanisms, has posted consolidated turnover of €273.5m in the first quarter of 2020, down by -6.6 % compared to the first quarter of 2019. mrem.bernama.com/viewsm.php?idm=37369 KUALA LUMPUR, May 14 -- Preparations for the Asian Beach Games Sanya 2020 are progressing quickly as planned and the tournament will kick off as scheduled from Nov 28 to Dec 6.
“Despite the impact of the COVID-19 pandemic, construction of the athletes' village is under way 24 hours a day,” said vice-director of the organising committee’s venue construction department, Zhang Wei. “The first building will be completed on May 16, and the rest of the venues will be completed before Sept 30.” Meanwhile, Sanya vice-mayor, Zhou Jun in a statement said preparations for the games brought in great changes in the city. “In addition to the construction of 17 venues, it will further improve the infrastructure of the whole city, including communication, medical treatment, transportation and reconstruction of the Sanya Bay scenic area,” he said. -- BERNAMA |
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