The Nigerian Stock Exchange (NSE) is pleased to announce the migration of Chellarams Plc, Living Trust Mortgage Plc, McNichols Plc, and The Initiates Plc from the Alternative Securities Market (ASeM) to the Growth Board and the launch the associated Growth Board Index on Monday, 30 November 2020.
This migration follows the receipt of applications from these companies requesting to be migrated from ASeM, and consequent screening and approval by the National Council of The Exchange.
The NSE Growth Board was launched to assist small and medium scale enterprises (SMEs) and growth-oriented companies looking to raise capital and promote liquidity in the trading of their shares. It offers relaxed entry criteria with less stringent listing requirements making it easier to attract capital flows along with reduced pre and post-listing obligations.
Commenting on the development, the Chief Executive Officer, NSE, Mr. Oscar N. Onyema, OON, stated,
“This migration affirms the notable efforts of the four companies to meet corporate governance standards and underpins the robustness of our market. We congratulate and are pleased to migrate Chellarams Plc, Living Trust Mortgage Plc, McNichols Plc, and The Initiates Plc to the Growth Board where they will have access to a suite of value-added services that will give them a competitive edge beyond access to capital.
We believe that the inclusion of these companies on the All-Share Index and the Growth Board Index of the NSE will provide increased visibility that will attract global investors.”
The migration of the four qualified companies was commemorated with a virtual Closing Gong ceremony were the:
CEO, The Initiates, Reuben Mustapha were given the honour to close the market.
It would be recalled that the NSE Growth Board was launched on 28 January 2020 to encourage Start-Ups, Small and Medium Enterprises, and the companies in the Fintech industry with high growth potential to seize the opportunity of raising long-term capital and promote liquidity in the trading of their shares.
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Amazon Singapore is also extending the waiver of professional selling account subscription, fees for new and existing sellers, until 30 June 2021
OutReach - 28 January 2021 - (NASDAQ:AMZN) - Amazon announced today at the inaugural Amazon Southeast Asia
Online Seller Summit 2021
additional resources and support for small and medium-sized businesses (SMBs)
in Singapore to start selling online and expand globally through its stores. Amazon
announced that it is extending the waiver of professional selling account
subscription fees for new and existing sellers, until 30 June 2021. This
support builds on Amazon's current initiatives such as the online seller
education series, Seller University, and over 225 free tools and
services to help sellers grow their sales in Amazon's stores in Singapore and
addition, Amazon is teaming up with Enterprise Singapore (ESG) to help local
retailers scale globally. Enterprise Singapore will support these efforts
through the Market Readiness Assistance (MRA) scheme. Support will be capped at
S$100,000 per new country, includes support for up to 70% of eligible costs for
overseas promotion, overseas business development and overseas country set-up,
and gives SMBs the flexibility to expand across new countries at their
preferred pace. This is one of several measures which local enterprises can tap
on through ESG to grow and diversify their businesses. More details can be found in ANNEX.
will double-down on efforts to support our local businesses in gaining
e-commerce capabilities and maximizing their growth opportunities from the
digital economy. To help companies access customers in new countries, ESG has
also been working with Amazon to onboard Singapore sellers to Amazon as a
channel for international sales, such as in the US, Canada, and India. Support
is available for Singapore companies that are looking to expand to these countries,"
said Minister for Trade and Industry, Mr
Chan Chun Sing.
businesses are an essential part of Amazon's DNA. Through the Amazon Southeast
Asia Online Seller Summit 2021, we aim to enable more local sellers to reach a
global audience through our 20 stores worldwide. Whether they are just getting
started or are an experienced seller, Amazon's comprehensive programs and
network will help SMBs overcome operational challenges to maximize growth opportunities
globally," said Henry Low, Country Manager, Amazon Singapore.
Southeast Asia Online Seller Summit, being held today and tomorrow, has drawn over 3,000 participants who are
interested to understand how they can sell with Amazon, scale their businesses,
and seize cross-border opportunities. Guest-of-Honour, Minister for Trade and
Industry, Mr Chan Chun Sing, leaders of Amazon Singapore, industry experts, and
local business owners selling on Amazon.sg came together on Day 1 to discuss
local and regional retail trends and offer insights on how SMBs can 'Start
Local, Go Global' with Amazon.
sellers to exchange best practices
part of the Summit, Amazon hosted a panel of SMB founders to share experiences
of growing their business online and their journey with Amazon. Through the
support of Amazon's global network and its logistics and inventory solutions
such as Fulfilment by Amazon (FBA), each of them has expanded to serve
customers globally -- all from the comfort and safety of their homes.
I started Rui Smiths in 2014, selecting Amazon as the e-commerce store for my
business was a no brainer. Amazon has been offering an unparalleled service that
perfectly fits my needs, since my initial days as a new business owner,
allowing me to expand internationally from the get-go. In just 4 years, with
Amazon, we had hit S$200,000 in sales and were already selling in the US, UK,
and Australia," said Debbie Cai, founder, Rui Smiths. "I hope the
insights and resources shared at the Summit will help many local sellers like
myself grow their business not only in Singapore but also beyond shores for
resources for sellers in Singapore to unleash and maximize global growth
date, Amazon has provided support to thousands of SMBs keen to sell online with
Amazon.sg and its stores globally and continues to help many of them go digital
and build thriving businesses. To shine the spotlight on more local retailers,
Amazon continues to promote a dedicated "Shop Local" storefront on Amazon.sg, featuring
local brands' founding stories and a plethora of products in categories such as
home and home improvement, electronics, kitchen and dining, health and personal
care, toys and games, groceries and more.
resources introduced include the Amazon Seller App for local sellers with
accounts on Amazon.sg to track sales and manage their business via mobile, the
Marketplace Appstore, a one-stop shop to discover third-party applications and
services for automating tedious business aspects, and the Seller Forum, a
resource for first-hand advice from fellow business owners on selling with
Amazon. Sellers can also join the Sell on
Amazon Singapore Facebook page to connect with the community of
sellers on Amazon.sg.
initiatives are furthered by Amazon.sg's ongoing collaboration with Infocomm
Media Development Authority (IMDA) for the Digital Resilience Bonus, offering eligible
SMBs a bonus of up to S$2,500 for selling on e-commerce channels like Amazon.
The bonus is available to eligible local retailers until 30 June 2021.
Annex: Empowering SMBs to Start Local, Go Global with the Market Readiness
Assistance (MRA) Scheme
selling on Amazon.sg may receive an international boost through Enterprise
Singapore's Market Readiness Assistance (MRA) scheme to partially offset the
costs of scaling their business overseas to new countries. Those eligible will
receive the following support:
Up to 70% of eligible costs, capped at S$100,000
per company per new country* from 1 April 2020 to 31 March 2023, that covers:
Promotion (capped at S$20,000)
Business Development (capped at S$50,000)
Set-up (capped at S$30,000)
Each application is limited to one activity in a
single overseas country (e.g. participation in a trade fair)
be eligible, companies should meet the following criteria:
Business entity is registered/incorporated in
New country criteria, i.e. target overseas
country whereby the applicant has not exceeded S$100,000 in overseas sales in
each of the last three preceding years
At least 30% local shareholding
Group Annual Sales Turnover of not more than
S$100 million; OR Company's Group Employment Size of not more than 200
effect from 1 April 2020, a new country refers to a target overseas country
whereby the applicant company has not exceeded S$100,000 in overseas sales in
each of the last three preceding years.The maximum support level is raised from 70% to 80% from 1 November 2020
to 30 September 2021.
and eligible SMBs selling on Amazon.sg can apply for the Market Readiness
Assistance (MRA) scheme via Enterprise Singapore's website here. SMBs can also approach Enterprise
Singapore and Amazon for advisory support to develop their
internationalisation business plans.
further equip Singapore SMBs with the capabilities to sell overseas via Amazon,
Enterprise Singapore is in active discussions with Amazon on new training
programmes which include listing optimisation, customer service, and
international demand generation. More details will be announced later this
Amazon is guided by four principles: customer obsession rather than
competitor focus, passion for invention, commitment to operational excellence,
and long-term thinking. Customer reviews,
personalized recommendations, Prime, Fulfillment by Amazon, AWS, and Kindle are
some of the products and services pioneered by Amazon. For more information,
1. COVID-19 drove a dichotomy in fraud technology
There is a distinct difference in investment between
FIs in countries still heavily impacted by COVID-19, and those in the stages of
emerging from the pandemic.
For countries that have yet to enter into a stable
recovery period, FIs will be making a more conservative approach to overall investment
and sustaining cashflow, but deprioritising investments in fraud technology
could leave them unprepared for the potential rise in financial crime and fraud
during financial hardship. FIs in Indonesia, Malaysia, Thailand, and the
Philippines, which are seeing reinstatement or continued lockdowns in the
country, may become even more hard-pressed for stronger fraud prevention
technology to combat an increase in financial crime, as basic fraud systems may
not adequately protect them against emerging and complex fraud typologies.
For FIs in Asia Pacific emerging from or preparing to emerge from
the pandemic, such as Singapore, Australia, Vietnam, and Taiwan, while
confidence will be relatively higher, spending will be cautious, as maintaining
substantial cashflow will remain a priority. Rather than overhauling fraud and
compliance systems, FIs would likely choose to recalibrate, update and optimise
their digital onboarding as well as payments and transaction monitoring
technology. Investments would be specific to address prominent gaps and data
intelligence. Alternative data to onboard more challenging cohorts, creating
readiness against cyber endpoint threats, and relationship analysis may be
considered to address acquisition growth strategy and growing volumes and
complexity of online fraud attacks.
2. Digital customer experience expectations will
continue to skyrocket
Global ecommerce powerhouses like Alibaba and Amazon
and has normalised expectations around customer experience (CX) including same-day
delivery services, real-time shipping tracking, and more, in turn significantly
impacting customers' CX standards for FIs. A recent
study showed seven in 10 customers demonstrated a deeper loyalty to
financial services and insurance companies that heavily invest in CX.
In 2021, the industry is already seeing FIs and fintechs race to
deliver instantaneous services through new financial products, with GBG's
latest research finding 31% of FIs in APAC planning to offer instant bank
accounts and instant loans, 29% planning to offer instant credit cards, and 22%
planning to offer user voice activated fund transfers and bill payments. To
take CX to the next level, there is a probability that the financial services
sector will explore replicating successes from other industries, such as retail
businesses that have effectively used augmented reality (AR) and virtual
reality (VR) technologies to re-create in-store experiences, which could be
used by banks to create virtual in-branch experiences.
3. Cross-vertical collaboration and consumer data
drill-down are re-shaping digitalisation standards
Collaborations amongst major enterprises in the digital banking
space demonstrated the investment across seemingly unlikely industries in
working together to effectively serve customers at scale. Last year, for
Group partnered with Standard Chartered, PCCW and HKT to launch a new
virtual banking service and Asia's first all-in-one numberless bank card, Mox,
while multinational ride hailing company Grab
teamed up with Singtel to prepare to launch their own digital banking
license in 2022. While both of these examples span multiple industries, they
each highlight the impetus among businesses to use business partnerships to
gain truly 360-degree views of their customers' needs.
Looking at 2021 and beyond, this collaborative mindset is likely to
continue as government and regulatory bodies work together to focus on
accelerating digital identity availability, while also teaming up with partners
like telco providers, educational institutions and aggregators to create access
to more comprehensive and accurate data sets. FIs would become more active in
exploring the use and ingestion of incremental data sets, beyond the basic
internal data and official sources, to feed into their core fraud engine and
enhance fraud detection and prevention.
FIs have already reinvented partnerships to form new market
propositions. This openness and innovation would spill over into fraud
management and propel them to leverage on an expanded ecosystem to layer their
data with intelligence from specialists in location, mobile data, devices,
cybersecurity, data co-relation, and IP. This broader and deeper approach will
more effectively equip FIs with appropriate fraud prevention capabilities as
the world becomes increasingly digital-first.
4. Expanding availability of shorter-term credit
offerings across SEA
The rise of Buy Now, Pay Later (BNPL) businesses has
disrupted the credit landscape with shorter-term credit services for everyday
purchases, faster or no credit checks, instant approvals, and "zero interest". New
BNPL players across
APAC have been setup and are quickly catching onto opportunities to offer
new and more agile types of loans.
FIs need to remain vigilant in how BNPL products are
rolled out, credits are distributed, and debts are managed. This ease in
obtaining credit can lead to more exposure to higher risk borrowers. FIs
focusing on growing their BNPL offerings need to build in stronger measures to
onboard consumers who have the ability and intent to pay back what they have
borrowed while keeping the standards of BNPL experience to ensure this revenue
stream does not go sideways in the long term.
5. Mobile-first technology and data intelligence as
fundamental building blocks for dynamic digital onboarding and transacting
Mobile devices are widely used to accelerate the
digital onboarding and transacting process. FIs are automating the identity
verification journey and streamlining biometric and facial verification,
document verification and data match altogether in instant KYC.
Today, mobile devices do more than enabling the
identity verification process. In Southeast Asia, seven
in 10 adults are either "underbanked" or "unbanked"and excluded from many
traditional financial services. FIs have begun to ascertain the quality of consumers
with limited identity documentation, or thin file clients, leveraging their
mobile phones as a personal identity verification device.
Mobile metadata, device usage patterns and SIM card
records are alternatives to traditional verification methods, datasets and data
sources. These alternatives offer data intelligence that FIs could use to fill
gaps in physical records, providing assessment and validation to the authenticity
and quality of consumer profiles and borrowing intent of these untapped
6. Socially engineered first party fraud and
identity crimes taking on a new level of complexity
Bringing together the above trends and predictions, the combination
of accelerated digital transformation among businesses, skyrocketing consumer
usage of social media, ecommerce, ebanking and online platforms, and increased collaboration
across FIs and non-bank organisations result in growing opportunities for
fraudsters and crime syndicates to mine data.
Consequently, socially engineered first party fraud,
identity crimes like synthetic ID and impersonations would take on a new level
of detection complexity. FIs have a responsibility to counter these attacks,
proactively manage the growing volume of channels where bad actors can access
personal information, and guard against financial crime and identity theft. As such
threats continue to broaden alongside other industry-wide trends, consumers'
expectations of FIs' commitments to protecting and futureproofing their
financial services and products will also grow.
Organisations will need to reflect their commitments
to customer satisfaction and retention with more sophisticated and agile
approaches to fraud prevention and fraud technology investments.
GBG offers a range of solutions that help organisations
quickly validate and verify the identity and location of their customers.
Our market-leading technology, data and expertise help our
customers improve digital access, deliver a seamless experience, and establish
trust so that they can transact quickly, safely and securely with their
Headquartered in the UK and with over 1,000 team members
across 16 countries, we work with 20,000 customers in over 70 countries. Some
of the world's best-known businesses rely on GBG to provide digital services
and keep the economy moving, from US e-commerce giants to Asia's biggest banks
and European household brands.
To find out more about how we help our clients establish
trust with their customers, visit www.gbgplc.com/apac, follow us on Twitter @gbgplc
SINGAPORE - Media OutReach - 28 January 2021 - DAEBAK! Fans can now meet the one and only figure of Woo-bin for a limited period, right here in Singapore. The popular Korean actor once again joins his co-star Bae Suzy from "Uncontrollably Fond", but this time at Madame Tussauds Singapore!
To celebrate the opening of the Brand new K-wave zone at Madame Tussauds
The world famous wax attraction brought in Kim Woo Bin to celebrate the opening of their brand new K- wave zone, which opened today to the public. Fans can gather around some of their favourite Korean stars, while snapping Insta worthy shots in front of iconic Korean themed sets.
The eyecatching Cherry Blossom tree takes center stage in the new zone. With cherry blossoms that change colour, this is the perfect spot to bring your date for #couplegoals pics. Missing Korea as much as we do...we've got you. Wander away and pose in front of the hanoks with Kim Woo Bin. Or shoot your boomerangs in front of the pretty cherry blossom flower wall and inspire your friends on where to shoot their next OOTD.
Madame Tussauds Singapore is based at Imbiah Lookout. Come and enjoy the brand-new K-wave zone with the SingapoRediscovers Vouchers. Visit the family fun attraction and get 5 experiences for only 1 ticket. For more information on how to redeem these vouchers and to know what the 5 experiences are, please visit our website www.madametussauds.com/Singapore.
The ultimate celebrity experience and the world's best known and most popular wax attraction. There are currently 23 Madame Tussauds attractions around the world. Each of the attractions is unique and tailored to the host city and visitor demographic to feature both local as well as international figures.
The result of 200 years of expertise and painstaking research every figure takes Madame Tussauds' gifted sculptors a minimum of three months to make, and costs more than $300K (Singapore dollars). Most contemporary figures are also produced following sittings with the celebrities themselves.
CUPERTINO, CALIFORNIA - Media
OutReach - 28 January 2021 -SugarCRM
Inc., the innovator of time-aware CX, today announced the launch of
SugarPredict, the first data-fueled AI for CRM. SugarPredict delivers new
levels of prediction accuracy without the time, cost, and technical expertise
typically required for companies to take advantage of AI.
Fifty-two percent of sales leaders say their CRM is costing
them lost revenue, according to new research from SugarCRM that examines the
lack of customer visibility that plagues most companies. The quality and consistency of the
data entered by CRM users can create challenges for basic AI systems. SugarPredict
takes a different approach by enriching customer data with additional
attributes that results in more comprehensive and consistent AI models.
SugarPredict provides accurate predictions, even with limited first-party data,
while diligently guarding the privacy and security of company and customer
"AI can solve a number of
sales and marketing barriers today, putting it at the heart of CRM," said Paul
Greenberg, president of the 56 Group and author of CRM at the Speed of Light.
"Sales teams that lean into AI-powered CRM can take advantage of the lead
insights and opportunity models that give them a significant competitive
As the first of many SugarPredict-powered capabilities in
Sugar Sell, the technology is being used to take the guesswork out of lead
prioritization, lead Ideal Customer Profile (ICP) alignment, and
opportunity-to-close-won scoring. SugarPredict analyzes historical account, deal,
and company data to accurately predict which leads are most likely to become
customers. Lead scoring is based on similarity to historical conversions
(converted leads or closed-won opportunities), while ideal customer profile
matching identifies leads that are similar to a company's past and current
"SugarPredict helps companies replace a fragmented,
out-of-date, and incomplete picture with a sharply focused understanding of
both their customers and business," said Craig Charlton, CEO of SugarCRM.
"We've made significant product investments, over the last year, to democratize
AI to drive business performance and enable
predictability for companies of all sizes."
"Like many companies in the manufacturing business
Bishop-Wisecarver is always looking for ways to work smarter and faster than
the competition", said Niegel Leoncio, CRM Manager
for Bishop-Wisecarver. "We are excited about the launch of SugarPredict,
which places the power of AI into the hands of sales and service teams so they
can drive better results and a better customer experience."
SugarPredict leverages Sugar's time-aware CX platform which provides a full historical record
of all change events related to customers and customer-facing processes. SugarPredict
for sales force automation, marketing automation, and customer service
applications is based on technology from last summer's acquisition of Node.io.
SugarPredict is free for Sugar Sell customers and will roll out to Sugar Market
and Sugar Serve customers later this year.
sales, marketing and service software helps companies deliver a high-definition
(HD-CX) customer experience. For mid-market and enterprise companies that
want a CX-driven platform, Sugar gives teams
the time-aware customer data they need to achieve a clear view of the customer
and reach new levels of business performance and predictability, and increase
customer lifetime value.
More than 4,500 companies in 120
countries rely on SugarCRM. Based in Silicon Valley, SugarCRM is backed by
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