As the year progresses forward, we end the month of February in the Forex, Crypto and Fintech universe. Let’s review the executives that have taken on new roles or new challenges in our executive r...

Global cross-border payments firm Thunes is speeding up its global expansion by setting up a regional hub in Miami to expand into new Latin American markets. Thunes has established regional

The post Thunes Sets up Miami Hub to Deepen Presence in Latin America appeared first on Fintech Singapore.

HONG KONG, Feb 21, 2022 - (ACN Newswire) - Champion Real Estate Investment Trust (stock code: 2778), the owner of Three Garden Road and Langham Place, announces its financial results for year ended 31 December 2021.
Summary of financial results

FY 2021 FY 2020 Change
Total Rental Income (HK$ mil) 2,495 2,633 -5.2%
Net Property Income (HK$ mil) 2,197 2,347 -6.4%
Distributable Income (HK$ mil) 1,503 1,554 -3.3%
Distribution per unit (HK$) 0.2279 0.2496 -8.7%

31 Dec 2021 31 Dec 2020 Change
Gross Value of Portfolio (HK$ mil) 65,296 67,318 -3.0%
Net Asset Value per unit (HK$) 8.25 8.61 -4.2%
Gearing Ratio 22.9% 23.0% -0.1pp

Overview
The persistent COVID-19 pandemic continued to pose challenges to the operating environment for our business in 2021. Amid the gloomy market conditions, Champion REIT recorded a drop in distributable income by 3.3% to HK$1,503 million and distribution per unit ("DPU") declined 8.7% to HK$0.2279.

Three Garden Road
Three Garden Road recorded a shrank of the rental income by 3.8% to HK$1,460 million in 2021 (2020: HK$1,518 million). Average passing rent decreased to HK$108.3 per sq. ft. (based on lettable area) as at 31 December 2021. Demand from new and existing tenants gradually materialised in the second half, boosting the occupancy of the property to 89.0% as at 31 December 2021.

Langham Place Office Tower
The impact of negative rental reversion drove down rental income of Langham Place Office Tower to HK$365 million in 2021 (2020: HK$378 million), and passing rents of the property declined to HK$47.1 per sq. ft. (based on gross floor area) as at 31 December 2021. Occupancy of the property increased to 96.3% as at 31 December 2021, given the rebound in leasing momentum for beauty and healthcare tenants.

Langham Place Mall
Amid the challenging environment for retail leasing, the total rental income of the property went down 9.1% to HK$670 million (2020: HK$738 million). The average passing rents dropped to HK$165.9 per sq. ft. (based on lettable area) as at 31 December 2021. The mall remained fully occupied as at 31 December 2021, attributed by the spearhead of the Langham Beauty concept at our premises which upgraded the tenant mix and strengthened the strategic positioning of the mall.

Distribution
Distributable income of the Trust dropped 3.3% to HK$1,503 million (2020: HK$1,554 million) and DPU dropped 8.7% to HK$0.2279 (2020: HK$0.2496). Based on the closing unit price of HK$3.99 recorded on 31 December 2021, the total DPU represented a distribution yield of 5.7%.

Asset Value
The appraised value of the Trust's property portfolio was HK$65.3 billion as at 31 December 2021, declining 3.0% from HK$67.3 billion as at 31 December 2020.

Sustainability
We forged ahead to embrace change with resilience and agility to manage business continuity and put people at the heart of what we do. In addition to the BEAM Plus Existing Building Platinum certification, Langham Place Mall was awarded the international EDGE green building certification, making it the first shopping mall in Hong Kong to receive the recognition. The Trust also secured its first sustainability-linked loan and sustainability-linked swap, befitting our sustainability objectives.

Outlook
Amid the ongoing COVID-19 pandemic, the outlook of Hong Kong office and retail property market remains uncertain and difficult. The tightening of social distancing measures would continue to affect the business of our tenants. Relaxation of cross-border controls and quarantine requirements locally would be crucial for economic recovery.

Looking forward, we will continue to adopt a flexible leasing strategy to retain tenants and maintain high occupancy rates. Despite the unfavourable conditions, we strive to inject impetus to growth through asset enhancement and trade mix rebranding initiatives. We will take a prudent approach in balance sheet management in a rising rate environment. Equipped with a sufficient reserve, the Trust stands ready to pursue acquisition opportunities globally with a goal to generate long-term returns.

About Champion REIT (stock code: 2778)
Champion Real Estate Investment Trust is a trust formed to own and invest in income producing office and retail properties. The Trust focuses on Grade A commercial properties in prime locations. It currently offers investors direct exposure to nearly 3 million sq. ft. of prime office and retail floor area. These include two Hong Kong landmark properties, Three Garden Road and Langham Place, as well as a joint venture stake in 66 Shoe Lane in Central London. Since 2015, the Trust has been included in the Constituent of Hang Seng Corporate Sustainability Benchmark Index of Hang Seng Indexes.
Website: https://www.championreit.com/

For press enquiries:
Strategic Financial Relations Limited
Vicky Lee Tel: 2864 4834 Email: [email protected]
Christina Cheuk Tel: 2114 4979 Email: [email protected]
Yvonne Lee Tel: 2864 4847 Email: [email protected]
Website: https://www.sprg.com.hk/



Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comChampion Real Estate Investment Trust (stock code: 2778), the owner of Three Garden Road and Langham Place, announces its financial results for year ended 31 December 2021.

Nexplay says it is already operationally profitable with revenues growing at 150 percent year-on-year.

The post Filipino Tech Startup Nexplay Appoints New President and Plans to Venture Into NFTs and Blockchain Gaming appeared first on BitPinas.

Experienced product executive in risk and security to spearhead the company’s product vision

(PRWeb February 10, 2022)

Read the full story at https://www.prweb.com/releases/blue_lava_names_emily_shipman_as_vice_president_of_products/prweb18489407.htm

Montreal, Canada, Feb 9, 2022 - (ACN Newswire) - GOGE, an experimental, community-led, and innovative project that aims at revolutionizing the world in every way possible, has announced the launch of GOGE GENESIS, a product that will spearhead the segue into the world of decentralized autonomous organization [DAO].

Through this update, GOGE is pronouncing itself the world's foremost crypto-based virtual micronation called GOGELAND—a sovereign and independent nation. Citizens of this nation will decide on their future, flag, purpose, anthem, coat of arms, official dossier, etc. This will further carve GOGE's name into the history books, alongside its native token—$GOGE—which will become the elemental currency of a nation.

Scheduled to be phased out in different phases throughout February 2022, all information regarding this update will be relayed by the GOGE team on all of its social media accounts.

GOGE has planned a ton of AMAs [Ask Me Anything] to be held on different dates throughout February 2022 and community members are encouraged to participate, ask questions, share suggestions and insights. Coalesced with these declarations, GOGE will kick-start a massive marketing campaign to spread the gospel of this community-led, innovative LGBTQ-focused crypto project. To achieve this, GOGE has entered an official partnership with Flexe.io, a marketing agency.

Transition into a DAO

The segue to DAO will see the GOGE project become the fundamental government run by a DAO in the trillion-dollar crypto space. Promising a truly decentralized, transparent, community-led, and self-governed project, $GOGE token holders will benefit greatly from staking their tokens. Besides the offering of sizable rewards in the form of $CAKE, $GOGE holders will become key members of the project—making suggestions and voting on the suggestions presented.

Contracts, team, and marketing wallets will be owned and controlled by DAO and $GOGE owners will reserve the right to vote on how these funds are used. Like what is obtainable on other DAO-powered projects, the amount of $GOGE held will determine a community member's voting power.

Running a truly decentralized and democratic project, GOGE has simplified the voting process. $GOGE token holders will, on the updated V3 website, use the Dashboard to make proposals that will then be voted on by other community members. Once results are collated, these proposals are immediately and automatically implemented.

In an attempt to pass an external audit which has become a prerequisite to the trustworthiness of a crypto project, all previous contract problems users have encountered before this time has been duly resolved by the $GOGE founding team.

The pre-eminent LGBTQ-focused crypto project in the budding space, GOGE has donated over $10,000 to 3 LGBTQ charities in recent times and has been listed on CoinGecko and CoinMarketCap—two of the leading crypto analytics websites.

Rewards for $GOGE Holders

GOGE as the foremost micronation on the blockchain has rewarded community members with over 1.3 million tokens. Currently, due to the recent dip in the market, GOGE is holding strong at $2.5million, which is a GREAT entry point from the projects all time high of $17.7 million. The project has established over 4,500 strong holders reading to break the crypto space with the transition to a DAO.

With $20,000 rewards shared in a ton of contests, thousands of token rewards from trivial games, and the $GOGE token listed on CoinW, GOGE has created NFTs that will be shared amongst its token holders. These NFTs, as told by the founding team, will be the world's foremost NFT passports.

NFT Passports

Leading the way in the introduction of NFTs as digital identification on the blockchain, GOGE has initiated NFT Passports. In concomitance with the virtual micronation—which GOGE is the foremost leader—NFT passports will act as the official passports for citizens of GOGELAND. Limited to a specific amount and can be exclusively owned by buying and burning $GOGE tokens, it will be customizable—allowing owners to personalize them based on individual preferences.

Recent Achievements

Innovation, sheer willpower, leadership qualities, and compassion are requisites to becoming the next top dog coin. The GOGE team possesses all of these and through the introduction of prodigious upgrades such as this, GOGE is cementing its stance as the next top dog coin in the crypto market.

• Remarkably, it has managed to achieve a ton of feats in the shortest time possible. The pioneer LGBTQ-focused project, GOGE has;
• Rewarded token holders with over 1.3 million tokens.
• A market cap at an all time high of $17.7 million and is currently listed on CoinGecko and CoinMarketCap.
• Spent $20,000 in a plethora of contests, given out thousands of rewards in trivial games, and has been listed on CoinW—a centralized exchange.
• 5000 token holders and over $10,000 donated to three LGBTQ charities.
• Featured on Yahoo Finance and has, in the last couple of months, airdropped handmade yet exclusive NFTs to token holders.
• Partnered with io to achieve its massive marketing campaign goal.

About GOGE

GOGE is an innovative, experimental, and community-driven project created specifically to unite humans from all over the world. The leading Gay Doge family member, GOGE will build an international, safe, reliable, and ever-growing virtual community for everyone. It will also reward community members with $CAKE for holding and staking its native token, $GOGE.

Social Contact
Twitter: https://twitter.com/DogeGaySon
Telegram: https://t.me/DogeGaySon
Medium: https://medium.com/@DogeGaySon/
Discord: https://discord.com/invite/K4vKhx5uqg
Facebook: https://www.facebook.com/Dogegayson
Instagram: https://www.instagram.com/dogegayson/
YouTube: https://www.youtube.com/channel/UCB8cqeE-T7tjP2JIozKxo2g
Litepaper:
https://goge.showoffmarketing.com/wp-content/uploads/2021/11/6182996d6e5e6b621754741e_GOGE-LITEPAPER-V.5.pdf

Media Contact
Brand: GOGE
Contact: MoonGoge, Developer
Email: [email protected]
Website: https://goge.co

SOURCE: GOGE

Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.com

Digital banking software provider Backbase has appointed Chris Vanden Berghe as Regional Vice President of Technology for Asia Pacific. The new role is based in Singapore and will drive the

The post Backbase Appoints Chris Vanden Berghe as Regional VP of Technology for APAC appeared first on Fintech Singapore.

Bitcoin continues to display bullish price momentum as it has managed to reclaim the lows around $40,000. The benchmark crypto has been slowly recovering after a violent downside move which shocked traders and market participants. Related Reading | TA: Bitcoin Topside Bias Vulnerable If It Continues To Struggle Below $38K As of press time, Bitcoin trades at $41,486 with an 8% and 9.8% profit in the last 24-hours and 7-days, respectively. How Do You Do, Fellow Kids? The crypto trading community has been celebrating the recent Bitcoin price action after weeks of downside and sideways movement. When BTC was trending downside and pushing the market lower, crypto traders started joking about taking a joke on the popular food chain restaurant McDonald’s. The food chain took note and replied to the crypto traders via Twitter. Many relevant personalities in the space, including Cameron Winklevoss, and other big accounts commented on the post with messages alluding to a McDonald’s product or about potentially joining the restaurant. how are you doing people who run crypto twitter accounts — McDonald's (@McDonalds) January 24, 2022 Even Giga Bitcoin Bull Michael Saylor, CEO at MicroStrategy, shared memes of him joking about working in the popular food chain restaurant. In another Tweet, Saylor shared a picture of him using an apparel with a McDonald’s slogan “Doin’ whatever it takes”, as seen below. Doin’ whatever it takes since ‘92. #Bitcoin pic.twitter.com/93gSyB3L2t — Michael Saylor⚡️ (@saylor) January 6, 2022 Per his Wikipedia page, Saylor and McDonald’s were closely intertwine in 1992, the picture was part of a promo campaign. At that time, MicroStrategy was in a very early stage and Saylor won a $10 million contract to developed applications and study ways to make promotions more effective. Almost 30 years later, the software company founded by Saylor would spearhead a new treasury strategy by adopting the Bitcoin standard. Once MicroStrategy broke the wall and integrated BTC into its balance sheet, Tesla, Block, and others followed. Make It Or Break It? 2022 Could Be Bitcoin Most Important Year Interestingly, Bitcoin recent price action draws the food chain’s emblematic “M”, as seen below. The last time Bitcoin saw its yearly lows around $33,000, McDonald’s made the aforementioned Tweet. The “McDonald’s Pattern” draw on the chart could become legendary if Bitcoin truly hit its final bottom before resuming NewsBTC has presented several different vision on the potential trajectory for BTC’s price going into 2022. While some experts expect the cryptocurrency to struggle, others believe it will manage to surpass the $100,000 threshold. On the bullish side, Senior Commodity Strategist for Bloomberg Intelligence Mike McGlone believes BTC will come out on top of a widespread market downtrend due to a hike on interest rates. On a less optimistic note, QCP Capital expect BTC to struggle in 2022 and remain rangebound unable to achieve a new all-time high. Related Reading | Bitcoin Sees Poor Demand As Investors Try to Defend $37K, Is BTC In Trouble? Time will prove them right or wrong, if BTC’s price can decouple from traditional markets, as it has happened for brief periods over the past weeks, the cryptocurrency could attract more institutional attention. In that sense, McGlone and others believe 2022 will be one of BTC’s most important years.

Reading Time: 3 minutesSymantec announced it is selling its website certification business to Digicert. Symantec customers and partners now may face potential...