Synagie and Singapore Institute of Retail Studies Partner to Springboard eCommerce Career Opportunities in European Market

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The collaboration aims to equip Singapore-based eCommerce workers with the skills needed to venture into Europe

SINGAPORE – Media OutReach – 8 August 2022 – Synagie, the leading Southeast Asian digital commerce enabler and Nanyang Polytechnic’s Singapore Institute of Retail Studies (NYP-SIRS) have today signed a Memorandum of Understanding (MoU) to co-develop and roll out a digital commerce talent training and placement programme to boost European-focused eCommerce career opportunities for Singapore-based workers.

www.synagie.com

About Nanyang Polytechnic and the Singapore Institute of Retail Studies

Established as an institution of higher learning in 1992, Nanyang Polytechnic’s (NYP) academic schools offer quality education and training through 40 full-time diploma courses and common entry programmes. NYP also has a full suite of continuing education and training (CET) options for lifelong learning, ranging from specialist and advanced diplomas to SkillsFuture modules and courses.

The Singapore Institute of Retail Studies (SIRS) is a National Continuing Education & Training (CET) institute, appointed to spearhead CET for the retail industry. Jointly established by NYP and SkillsFuture Singapore, NYP-SIRS works closely with industry to support the retail sector through consultancy, executive programmes, solutions development, CET, as well as placement services. For more information, visit .

Latest US Dollar To Naira Black Market Rates Today, 8 August 2022

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Latest US Dollar To Naira Black Market Rates Today, 8 August 2022

What is the Dollar to Naira Exchange rate at, offical CBN rate, aboki fx and the black market. How much is the Dollar to Naira exchange rate today, 8th August 2022? You convert your dollar to Naira at these rates, or you convert your dollar to Naira at the most recent, official CBN rate, black market or parallel market rate.

How Much Is Dollar To Naira Exchange Rate Today Official Rate?

The official rate today, Monday August 8th 2022, for $1 dollar to naira = ₦429.00/$1.

According to the data obtained from the FMDQ, where Naira is traded officially, the exchange rate between the naira and the US dollar opened at ₦429.00/$1 on Monday 8th August, and closed at ₦428.12 to a $1.

US Dollar to Naira Black Market Rate Today, 8th August 2022

Dollar to Naira (USD to NGN) Black Market Exchange Rate Today
Buying Rate 630
Selling Rate 660

Naija News reports that  the US dollar to naira exchange rate changes hourly. The exchange rate fluctuates depending on the volume of dollars available and demand for it.

This means the exchange rate you buy and sell the dollar could be different hours later (high or low).

Factors that could Influence Foreign Exchange Rates in Nigeria

  • Conditions of Trade
  • Speculators
  • Government Debt
  • Interest Rates
  • Inflation Rates

Media OutReach Newswire joins hand with AIESEC in Universiti Malaya and Thermomix KLM for the youth in Malaysia

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Launching volunteer projects to promote youth’s mental health awareness, STEM education and food waste management

KUALA LUMPUR, MALAYSIA – Media OutReach – 8 August 2022 – AIESEC in Universiti Malaya returns with its semiannual Malaysian Youth Volunteer projects focusing on SDGs 4 and 12, in the field of mental health awareness, STEM education and food waste management respectively. The projects run throughout a span of four weeks and are scheduled to take place from the 25th of July 2022 to the 20th of August 2022. With targeted beneficiaries coming from students in the B40 groups, AIESEC in Universiti Malaya strives to amplify its impact by having students drive the projects for students – for youths, by youths.

global press release distribution company that owns its distribution network across 25 countries in the Asia Pacific; possessing a database of more than 140,000 journalists, 400 trade categories, 65,000 media titles, and has partnership with more than 500 real media to provide guarantee real online news posting for their clients’ news releases.

With proprietary technology at its core, Media OutReach disrupts the newswire industry by delivering multimedia and multilanguage directly to journalists and provides post release reports that offer reporting options that helps PR professional to reports efficiently and quickly. With its ownership of its distribution, their reports include insights into journalists accessing the news by publication and country.

In 2021, Media OutReach was named “the Most Important and Influential Asian PR Distribution Service provider for Asia Pacific Region” by TMCnet, the world’s leading trade online media website covering communications and technology. Media OutReach was also named “2021 OPPO Partner of the Year” by OPPO Global, the world’s leading smart device manufacturers and innovators. For more information, please visit

About AIESEC in Universiti Malaya

AIESEC in Universiti Malaya is the oldest local chapter of AIESEC Malaysia. Established in 1968, it started as a subcommittee under the Universiti Malaya Economics Society (UMECS) before becoming an independent organisation in the university, later on growing to become a national chapter. Currently, the organisation runs with 12 other local chapters across the country, and the Universiti Malaya branch prides itself on running projects under the Sustainable Development Goals (SDGs) and providing industrial exposure to students of its entity. If you wish to know more about the organisation and our programmes, please contact us at or visit

About Speak Up Project
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About Clean Our Plate Project
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About Thermomix KLM

Thermomix KLM is one of the Branches in Thermomix Malaysia. It was formed in early 2018 with just a Branch Manager; Suriya Abdullah. Today it has over 600 active advisors and has been the No 1 branch in Malaysia in 2020 and 2021 in terms of number of sales. Suriya Abdullah is also the Author of the award winning Malay Kitchen Cookbook.

They can be contacted at (Adrina Awaludin – Thermomix Advisor: +6019-2358733)

TÜV Rheinland Becomes 1st Notified Body Designated by DGSM for New Omani Conformity Scheme

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HONG KONG SAR – Media OutReach – 8 August 2022 – TÜV Rheinland Hong Kong has been designated by the Directorate General for Specifications and Measurements (DGSM) of the Sultanate of Oman as the first Notified Body for the new Omani Conformity Scheme. Starting immediately, TÜV Rheinland can provide Omani Type Examination certificates to manufacturers and importers of regulated products.

The DGSM, as a directorate under the Ministry of Commerce, Industry and Investment Promotion (MoCIIP) of the Sultanate of Oman, is implementing the technical regulations for the new Omani Conformity Scheme, which came into force June 5, 2022. Products subject to these regulations need to obtain certification from a Notified Body designated by the DGSM. Conformity certificates are valid for one year and subject to annual renewal.

Regulated products in Stage 1 cover dishwashers, washing machines, and vacuum cleaners. Manufacturers are required to apply for the Omani Type Examination certificate from a Notified Body. These products must undergo safety and EMC tests, and the manufacturer has to prepare product design and risk analysis documentation.

According to UN Comtrade, in 2021 Oman imported US$26.2 million in dishwashers, US$13 million in washing machines, and US$2 million in vacuum cleaners. Implementation of the Omani Conformity Scheme raises the product quality in the market. Stages 2 and 3 of the Omani Conformity Scheme are expected in 2023 and 2024, and non-electrical products may be included in the scheme.

TÜV Rheinland is also a designated certification body for the Gulf G-mark, Oman and Bahrain energy efficiency, UAE ECAS & EQM, Saudi SALEEM, Kuwait KUCAS, etc., and can provide complete market access solutions for the Middle East market (Saudi Arabia, Iraq, Kuwait, the UAE, Oman, Bahrain, Qatar, Yemen, etc.). If you have questions about certifications for the Middle East market, please contact TÜV Rheinland for consultation.

Infographic of Omani Conformity Scheme

Hashtag: #TÜVRheinland

The issuer is solely responsible for the content of this announcement.

Kenanga Futures Announces Eight Eight Cashback Festival 2022 Campaign

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KUALA LUMPUR, MALAYSIA – Media OutReach – 8 August 2022 – Kenanga Futures Sdn Bhd (“Kenanga Futures”) is back with another nationwide Campaign, “Eight Eight Cashback Festival”, aimed at rewarding new and existing clients with a cashback reward of up to 28% for those who trade CME Group (“CME”) micro products from 8 August to 31 October 2022.

Cheng & Cheng Taxation Reveals Nine “Additional” Challenges Trading Companies Should Pay Attention to when Pursuing Offshore Claims in Hong Kong

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A surprising number of multinational corporations fail in their application for an offshore claim in Hong Kong, even when they have no personnel physically present in the jurisdiction

HONG KONG SAR – Media OutReach – 8 August 2022 – Hong Kong is famous for its simple taxation system and low tax rate, and its territorial taxation concept has attracted many Mainland China enterprises and multinational corporations (MNCs) to set up trading companies in Hong Kong. For MNCs, Hong Kong is the platform for the Mainland China market, while for Mainland China enterprises, Hong Kong is the platform for export sales. Under the territorial source concept, the Hong Kong trading company may pursue an offshore claim for exemption of profits tax. Cheng & Cheng Taxation Services Limited (Cheng & Cheng Taxation) reveals in this article the nine “additional” challenges may be raised by the Inland Revenue Department (IRD) when approving such a claim.

Pursuant to Section 14(1) of the Hong Kong Inland Revenue Ordinance (IRO), a profit is subject to Hong Kong Profits Tax under the following circumstances:

  • The taxpayer is carrying on a trade, business or profession in Hong Kong; and
  • The profits are arising in or derived by the taxpayer from Hong Kong.

For trading profits, the basic principle used is the “contract effected test”. When both sales and purchase contracts are effected outside Hong Kong, the trading profits would be considered as offshore sourced and therefore not subject to Hong Kong Profits Tax. The recent judgement handed down in the Newfair Holdings Limited v Commissioner of Inland Revenue case has reconfirmed the above principle. (You may refer to our April 2022 Newsletter for more details: Court continues Hang Seng Bank case principle in determining source of profits [https://henrykwongtax.com/newsletter/court-continues-hang-seng-bank-case-principle-in-determining-source-of-profits/]).

Many taxpayers believe that they have no Hong Kong Profits Tax liabilities when they do not physically travel to Hong Kong to carry out business activities

Based on the contract effected test principle, if none of the sales and purchase contracts are effected in Hong Kong, the taxpayer should have no Hong Kong Profits Tax liabilities. However, in practice, the Hong Kong IRD has been taking a stringent approach to reviewing offshore claims and will consider not only the trading arrangements but also other business activities carried out by the taxpayer.

Pursuant to Paragraph 21 of Departmental Interpretation and Practice Notes 21 (Revised) (DIPN 21), the following business activities will be considered in determining the source of trading profits:

  • Solicitation of orders, negotiation and conclusion.
  • Trade financing.
  • Shipment.
  • Performance of the contracts.

If any of the above activities are carried out in Hong Kong, the IRD will likely consider that the trading profits are taxable in Hong Kong.

To facilitate the offshore claim tax planning of trading companies, we have identified nine potential challenges raised by the IRD when reviewing offshore trading profits claims. Taxpayers should take all nine factors into account should they wish to pursue an offshore claim in Hong Kong.

Lighthouse Canton wins three categories at Global Private Banking Innovation Awards 2022

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  • Lighthouse Canton was awarded Best Family Office in regional and country categories of Middle East and United Arab Emirates (UAE) respectively
  • The global investment institution also clinched the award for “Outstanding Digital Transformation in Covid-19 by a Family Office”

SINGAPORE – Media OutReach – 8 August 2022 – Global investment institution Lighthouse Canton has been named the winner in three categories at the Global Private Banking Innovation Awards 2022.

In the regional and country awards for Best Family Office, Lighthouse Canton was awarded the regional title for Middle East as well as the country title for UAE. Under the digital innovations awards it also won the award for “Outstanding Digital Transformation in Covid-19 by a Family Office”.

The Global Private Banking Innovation Awards recognize and celebrate the world’s preeminent private banks, family offices and wealth managers that deliver exceptional experiences through innovative business models and customer experiences.

“Since we established the business in 2017, the Middle East has continued to rise as one the world’s leading financial hubs.” said Prashant Tandon, CEO and Managing Director for Lighthouse Canton Capital DIFC, the Dubai arm of the business. “Over the last 4 years, we have firmly focused on innovating and providing an institutionalized wealth management experience for clients in the region. We are honored and thank all our clients, partners and people who have placed their trust in us.”

“Our relationships and footprint in the UAE have been a significant part of our Middle Eastern business strategy. These awards reflect our commitment to creating value for our clients through innovative and intelligent investment solutions.” commented Shilpi Chowdhary, Group Chief Executive Officer for Lighthouse Canton. “They speak to the strengths and capabilities we have built through the continued support and relationships with our international clients.”

Commenting on its win in the Outstanding Digital Transformation in Covid-19 by a Family Office, Audrey Tang, Global Chief Operating Officer for Lighthouse Canton said, “Technology has always been at the core of our business. In combination with our investment acumen and human excellence, technology has been an enabler for us in our mission to elevate the client experience and provide intelligent investment solutions. It is also the one element that has kept the world moving despite the pandemic. In that context, this award means a lot more to us at Lighthouse Canton as we endeavor to continue to better and develop the infrastructure and technology to delight our clients, partners, and the ecosystem at large.”

Earlier this year, Lighthouse Canton was also awarded “Best Independent Wealth Manager – Investment Advisory” and “Best Independent Wealth Manager – Wealth Planning Services” at the prestigious Asian Private Banker Awards for Distinction 2021. These awards are considered the benchmark for excellence in private wealth management in the Asia Pacific region.

Hashtag: #LighthouseCanton

The issuer is solely responsible for the content of this announcement.

About Lighthouse Canton

Since its inception in 2014, Lighthouse Canton has grown significantly, serving a diverse range of global accredited investors, including private clients and some of the world’s largest institutional investors. Over the years it has built up its in-house wealth and asset management capabilities, providing its clients with an institutional-level service and framework, and a strong value system that always puts its client’s best interests forward.

Headquartered in Singapore, Lighthouse Canton employs over 100 experienced professionals across its offices in Singapore, Dubai and four cities in India. The firm oversees over $3Bn US dollars worth of assets under management and advisory. Lighthouse Canton’s Asset Management service comprises strong internal product capabilities in hedge funds, private equity, traditional fundamental analysis, investing through multiple strategies in real estate private equity, direct lending, public equities, and global macros. The firm’s wealth management service caters to accredited investors including corporates, ultra-high net worth individuals, families and family offices, founders and entrepreneurs, to help with their personal and business investments, estates and philanthropic needs, with tailored investment advisory, portfolio management, treasury, business & family office solutions.

For more information about Lighthouse Canton please visit

Chubb Appoints Division Head of Consumer Lines for Singapore

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SINGAPORE – Media OutReach – 8 August 2022 – Chubb announced today that Serene Neo has been appointed as Division Head of Consumer Lines in Singapore, effective 1 August 2022. She will report to Kevin Bogardus, Country President for Chubb Singapore.

In this newly created role, Serene will have responsibility on all aspects of Singapore’s consumer business comprising Accident & Health (A&H) and International Personal Lines (IPL). She will have oversight on business plans and strategies to achieve overall goals and production of the consumer business.

“Over the last few years, Chubb has established market leadership position in the consumer business for general insurance. To enable Chubb to continually present more compelling and holistic product propositions, it is timely to create the new role to meet and exceed market expectations and needs,” said Mr. Bogardus.

He added, “We have strong ambitions to grow our consumer business and equally, a commitment to continue to deliver on the overall customer experience. With Serene’s expertise and experience in consumer product development, innovation, digitalisation, and development of customer-centric strategies, I am confident she is well placed to steer our strategy in Singapore.”

Ms. Neo joined Chubb Singapore in 2019 as Division Head of A&H. Prior to joining Chubb, she has close to two decades of professional experience spanning across banking, advertising, and tourism industries.

Hashtag: #Chubb

About Chubb Singapore

Chubb is the world’s largest publicly traded property and casualty insurer. Chubb Insurance Singapore Limited, via acquisitions by its predecessor companies, has been present in Singapore since 1948. Chubb in Singapore provides underwriting and risk management expertise for all major classes of general insurance. The company’s product offerings include Financial Lines, Casualty, Property, Marine, Industry Practices as well as Group insurance solutions for large corporates, multinationals, small and medium-sized businesses. In addition, to meet the evolving needs of consumers, it also offers a suite of tailored Accident & Health and Personal & Specialty insurance options through a multitude of distribution channels including bancassurance, independent distribution partners and affinity partnerships.

Over the years, Chubb in Singapore has established strong client relationships by delivering responsive service, developing innovative products and providing market leadership built on financial strength.

More information can be found at .

Rolling Pastures’s Nutrient-Packed Organic Micro Tea: Nourishing The World Through Technology

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One-of-a-kind beverage that is packed with essential vitamins, minerals, and nutrients to help consumers maintain a balanced and healthy physical state.

SINGAPORE – Media OutReach – 8 August 2022 – Rolling Pastures brings micro tea into the busy lives of consumers in a form of nutrient-dense beverage concentrates. Especially in a fast and quick-changing busy city like Singapore, many young professionals and active youths need to keep their bodies healthy and well throughout the day. By incorporating the micro tea blends, consumers can maintain their balanced diet and nutrients intake more efficiently. Rolling Pastures micro tea packs will also help to improve mental health.

Strategic Partnership Between Art Tokyo Global and Shanghai Film Co. Ltd

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Leveraging The Artworks And Contents From Both Companies To Create Digital Arts with Location-Based Entertainment And Promote Asian Artists To The World

SINGAPORE –

About Shanghai Film Co, Ltd.

Shanghai Film Group Co. Ltd is composed of Shanghai Film Studio, Shanghai Animation Film Studio, Shanghai Dubbing Studio, Shanghai Documentary Film Studio, Shanghai Film Technology Plant, Shanghai United Cinemas, East Film Distribution Company, Shanghai East Movie Channel, Shanghai Film Park, Shanghai Art Designing Corp., and Crowne Plaza Hotel Shanghai, etc. It is one of the largest film groups in China.

Since 2003’s organizational reform, SFG has been sticking to the “open door” and “cooperation” policy. Besides producing a great diversity of films, its major business includes film (and TV drama) development, production, promotion, sales, distribution, and exhibition. SFG has formed a complete business chain linking film & TV drama production, distribution and exhibition, technical services, media, film studios, film education, and so on. With leading production capacity, market share, and international recognition in China, SFG is contributing actively to developing the Chinese film industry. For more information, visit .

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