covid pandemic – Aisa Net Fri, 15 Apr 2022 21:27:04 +0000 en-US hourly 1 covid pandemic – Aisa Net 32 32 Hawaiian Airlines ‘preparing for Japanese market’: CEO Tue, 15 Mar 2022 19:37:37 +0000

As Japan begins to open its borders to outbound travel after a three-month restriction in response to the Omicron variant, Pacific airlines are gearing up to reap the benefits of increased travel activity to and from originating from the East Asian nation.

“We are preparing for the opening of the Japanese market, which is the most important international market for Hawaii over the next few months,” Hawaiian Airlines CEO Peter Ingram told Yahoo Finance Live in a recent post. interview. “We are really monitoring this situation very closely. And that’s going to dictate a lot of how our schedules look for the summer.

Travelers from Japan typically make up the largest group of tourists to Hawaii, according to Hawaii Public Radio. In 2019, Hawaii welcomed 1.5 million arrivals from Japan, the Hawaii Tourism Authority reported.

A surfboard concession stand is closed on Waikiki beach due to the downturn in business caused by the coronavirus disease (COVID-19) in Honolulu, Hawaii, United States, April 28, 2020. Picture taken on 28 April 2020. REUTERS/Marco Garcia

The Japanese government has announced that it will increase the limit for new arrivals from 5,000 to 7,000 per day and, as of April 1, will increase this figure to 10,000. The eleventh most populous country in the world has been a bit of an outlier regarding international travel restrictions in recent months, taking a more aggressive approach to limiting potential coronavirus outbreaks.

“I think there is the same potential for [increased demand] on the international side, as policy changes are put in place in places like Australia, which we’ve seen before, and then Japan and Korea, which are starting to loosen some of their restrictions on cross-border travel,” said Ingram said. “And that positions us pretty well.”

Visitors wearing protective face masks walk under New Year's decorations on Nakamise Street leading to Senso-ji Temple in the Asakusa district, a popular tourist spot, amid the coronavirus disease (COVID-19) pandemic, in Tokyo, Japan on December 24, 2021.REUTERS/Issei Kato

Visitors wearing protective face masks walk under New Year’s decorations on Nakamise Street leading to Senso-ji Temple in the Asakusa district, a popular tourist spot, amid the coronavirus disease (COVID-19) pandemic, in Tokyo, Japan on December 24, 2021.REUTERS/Issei Kato

In November, Japan closed its border to non-Japanese travelers in response to the appearance of the Omicron variant. Even now, access to Japan from the United States is extremely limited. Tourist travel is still not allowed in Japan.

“We’ve seen a big recovery in terms of domestic leisure travel demand and domestic Hawaii travel demand,” Ingram said. “[The recovery] got a little shaken up at the end of the year with the Delta surge and then the Omicron surge at the end of the year. But as we enter 2022, and come down from this peak in the Omicron business, demand is very strong and is shaping up to be a good summer domestically.

Ihsaan Fanusie is a writer at Yahoo Finance. Follow him on Twitter @IFanusie.

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Saudi Arabia Fertilizer Market is expected to grow at a CAGR of 7.4% during the period 2022-2027 Fri, 11 Mar 2022 16:57:00 +0000

DUBLIN, March 11, 2022–(BUSINESS WIRE)–The report “Saudi Arabia Fertilizer Market – Growth Trends, Covid-19, and Forecast (2022-2027)” has been added to from offer.

The fertilizer market in Saudi Arabia is expected to register a CAGR of 7.4% during the forecast period (2022-2027). The effects of COVID-19 have been severe on the economy in all sectors of Saudi Arabia, leading to labor shortages, temporary factory closures and reduced operating rates across all sectors. industrial sectors of the country.

Even though factories have resumed operations, there have been shipping and logistics issues. Thus, finding air, sea or land freight was a major disruptive factor for companies involved in the industry. Higher costs of containers and shipping, transportation and storage have driven up fertilizer prices.

Over the years, Saudi Arabia, a country that receives an average of about four inches of rain each year, has sought to develop its agricultural sector to achieve self-sufficiency in food security. Thus, the application of fertilizers to improve crop growth and yield is expected to become crucial, creating an increased demand for fertilizers.

The fertilizer market in Saudi Arabia is expected to register a CAGR of 7.4% during the forecast period (2022-2027). The effects of COVID-19 have been severe on the economy in all sectors of Saudi Arabia, leading to labor shortages, temporary factory closures and reduced operating rates across all sectors. industrial sectors of the country.

Even though factories have resumed operations, there have been shipping and logistics issues. Thus, finding air, sea or land freight was a major disruptive factor for companies involved in the industry. Higher costs of containers and shipping, transportation and storage have driven up fertilizer prices.

Although nitrogen fertilizer segment took the largest share of the market with a share of 39.3% in 2021, the application of potassium fertilizer is increasing at a rapid rate as it can improve plant tolerance to abiotic stress , especially lack of water, which can otherwise significantly reduce crop yields. The production of fruits and vegetables has developed in the country.

Additionally, the COVID-19 pandemic has highlighted the importance of developing local food sources. Thus, increase in agricultural activity due to various government initiatives to achieve self-sufficiency is expected to drive the fertilizer market in the country during the forecast period.

Main market trends

Increase the export potential of fertilizers

Saudi Arabia is the largest ammonia exporter in the GCC region. Ammonia exports are mainly destined for the Indian market, with the rest being diverted to other Asian and African countries. There are various potential sales destinations for Saudi ammonia producers in Asia-Pacific, including China, Japan, South Korea, Thailand and Vietnam. Arab producers have a competitive advantage in supplying the Asia-Pacific region (especially South and Southeast Asia) compared to its other European, African and South American counterparts.

According to ITC trade, the export quantity of urea increased during the period 2017-2020 in Saudi Arabia. The country’s urea exports were recorded at 3,797.5 thousand metric tons in 2017 and reached 4,428.7 thousand metric tons in 2020. Thailand was Saudi Arabia’s main destination, with a share in value by 23.9% in 2020. Other destinations include the United States, Australia, South Africa and New Zealand.

The availability of natural gas at an attractive price in the country gives the advantage of low production cost. The ability of producers to run plants efficiently and reliably makes building integrated, export-oriented urea plants very attractive. This is expected to drive the overall market growth.

Nitrogen Fertilizers Dominate the Product Type Segment

Saudi Arabia accounts for about one-third of the GCC’s fertilizer export volume of approximately 7.2 million metric tons, with urea accounting for 53% and the remainder split between ammonia and DAP. Saudi Arabia depends mainly on imports for its domestic consumption of vegetables. To avoid total dependence on vegetable imports, the Saudi government has formulated policies that encourage farmers to grow crops that require little water rather than crops that consume more water. Vegetable yield increased from 174,026 hg/ha in 2016 to 176,524 hg/ha in 2018, thanks to improved water conditions.

Moreover, the increase in the cultivation of vegetable crops (tomatoes) mainly drives the demand for ammonium sulfate as it also helps in plant growth by providing nitrogen. Domestic demand for ammonium sulphate is mainly met by imports. SafSulphur company is one of the leading companies that offer good quality ammonium sulphate in Saudi Arabia.

Imports of ammonium sulphate into the country have grown steadily over the review period. For example, according to ITC trade, the import of ammonium sulphate increased from 1,981 metric tons in 2019 to 2,126 metric tons in 2020, indicating possible market growth in the coming years.

In addition, the government wants the country to be self-sufficient in vegetable production, especially after the food crisis a few years ago. As a result, the demand for nitrogen fertilizers, such as urea, is expected to increase in the coming years.

Competitive landscape

The fertilizer market in Saudi Arabia is moderately consolidated in nature, with major players accounting for 53.2% of the market share. Saudi Basic Industries Corporation (SABIC), Maaden phosphate Co., Arabian Agricultural Services Co. (ARASCO), Saudi United Fertilizer Co. (Al-Asmida) and Saf Sulfur Company are the major players in the fertilizer market in Saudi Arabia.

The domestic and international players in the market are focusing on strategies such as increasing investment in research and development, product launches, expansions and partnerships to improve their market share in the region.

Companies cited

  • Maaden Phosphate Co.

  • Saudi Society for Basic Industries (SABIC)

  • Al-Jubail Fertilizer Company (AlBayroni)

  • Al-Tayseer Chemical Industry

  • Jas Global Industries

  • Arabian Agricultural Services Co. (ARASCO)

  • Saudi United Fertilizer Company (AlAsmida)

  • Takamul National Agriculture

  • Saf Sulfur Company

For more information about this report visit

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Laura Wood, Senior Press Officer

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Everlife Acquires Research Instruments Group and Other Laboratory Suppliers to Strengthen Presence in Strategic Life Sciences and Clinical Diagnostics Segments in Southeast Asia Thu, 10 Mar 2022 04:03:26 +0000

SINGAPORE, March 10, 2022 /PRNewswire/ — Everlife Holdings Pte Ltd (“Everlife”), a leading market access and distribution company in India and South East Asiaannounced the completion of the acquisition of Research Instruments Group (“RI”), a leading supplier of scientific and laboratory instruments in Singapore, Malaysia, Thailand and Vietnam. Founded in 1989, the group has established itself as a trusted partner to the scientific and life science community, supplying a product line of nearly 30 leading companies, including globally recognized brands such as Cytiva, Agilent, PacBio , Nanostring, Cell Signaling Technologies, Proteintech, Twist Biosciences, Quanterix, ThermoFisher and others. RI also supplies Pure-NA and True-Pro, their own brand of reagents and consumables for genomics and protein research. RI currently employs over 70 people in 4 countries who provide a full range of services including sales, marketing, service and regulatory and logistics support.

RI’s investment joins three other transactions recently completed in Malaysia and Singapore over the past two months. The other companies, Medigene Sdn Bhd, Analisa Resources Sdn Bhd and Scientific Resources Pte Ltd, are well-established players in clinical diagnostics, analytics and life sciences with portfolios highly complementary to those of RI. Everlife already holds a leading position in the region, particularly in the field of clinical diagnostics in Malaysia, Philippines and India. The recent transactions will allow the company to consolidate its products and enter synergistic segments in analytical and life sciences, while gaining a foothold in geographies such as Thailand and Vietnam. RI and the other investments are highly strategic for Everlife and indicate an ambitious drive to strengthen the presence and product offering in one of the fastest growing regions in the world. Despite the COVID pandemic, GDP growth in Southeast Asia has shown a robust recovery and is expected to return to pre-pandemic levels in 2022. Singaporewhere RI is headquartered, the government has identified research and development as a strategic priority since the 1990s, and continues to be a key pillar of that of Singapore project to be an economy based on innovation and knowledge.

Sir. Raman GandotraEverlife CEOsaid, “RI epitomizes what Everlife seeks in business and they have become one of the leading names in the laboratory industry by consistently delivering superior products and services to their customers and managers. I am delighted to welcome the RI team to the Everlife family. , and we look forward to working together to advance our shared vision for better results in our region. »

Sir. Gregor KentCEO of Research Instrumentsalso commented, “I am impressed with the success Everlife has had in the region and believe that RI will benefit from the experience, professionalism and resources of a large multinational group, comprising marketing, IT, HR and a rigorous compliance team. We are thrilled to be part of Everlife and to reach even greater heights with their support.”

About Everlife

Everlife is the leading provider of diagnostic products and solutions for clinical and scientific laboratories in the South and South East Asia. By combining our technical expertise with a deep understanding of Asia and a passionate, results-driven approach to business, we aim to improve outcomes for our communities and improve business performance for clients and constituents. The Group represents more than 250 directors and a team of nearly 1,000 employees who operate in 7 countries. Everlife is part of the Everstone group and Cure Capital is a minority investor. To learn more, visit or visit us on LinkedIn.

About Finding Aids

Research Instruments is a leading distributor of scientific instruments and bioreagents for life science research, with the goal of providing next-generation tools and technologies with world-class support for applications, services maintenance and training. Founded in 1989 with offices throughout South East AsiaResearch Instruments Pte Ltd is GDP-MDS certified for the distribution of diagnostic and medical devices, bizSAFE for engineering services, and offers GMP compliant, ISO 9001 certified cold chain warehousing and logistics. more, visit




SOURCEEverlife Holdings Pte. ltd.

Health insurance scores ‘surplus’ as Covid-19 slashes other medical costs Sat, 26 Feb 2022 10:06:00 +0000

Korea’s public health insurance posted a “surplus” of 2.82 trillion won ($2.34 billion) last year.

At the start of “Moon Jae-in care” – a policy to expand health insurance coverage – concerns grew about the depletion of health insurance finances. However, the prolonged Covid-19 pandemic over the past two years appears to have reduced the use of medical services, slowing the growth rate of its spending, officials said.

On Friday, the National Health Insurance Service (NHIS) released its cash flow-based financial situation in 2021. According to the report, the health insurance fund grew by 2.82 trillion won, bringing the accumulated reserve at 20.2 trillion won.

Year on year, revenue jumped 9.6 percent to 7.73 trillion won. By comparison, the spending growth rate stalled at 5.3 percent to reach a total of 3.89 trillion won, he added.

The increase in revenue was attributed to an increase in the number of insurance subscribers (2.7% of workplace subscribers and 3.0% for district subscribers), salary increases (2 .1%), an increase in government subsidies (from 9.2 trillion won in 2020 to 9.6 trillion won in 2020). 2021) and increases in insurance costs (2.89%).

In contrast, the growth rate of health insurance expenditure has been lower than before Covid-19, as personal hygiene, such as wearing a mask and washing hands, has become a part of daily life. , reducing the number of patients with respiratory diseases such as colds. and pneumonia, other infectious disease patients and digestive disease patients.

The expenditure growth rate over the previous two years was 5.1 percentage points (from 8.7% in 2018 to 13.8% in 2019). However, the comparable increase over the past two years was 1.2 percentage points (from 4.1% to 5.3%).

It cost 2.1 trillion won to support the Covid-19 response, including expenses for diagnostic testing, quarantine and treatment, grants for community treatment centers, home treatment support and the implementation of vaccination programs.

Classification 2021 (A) 2022 (B) Year-on-year comparison Growth rate
(A B) (Percent)
Total revenue 804 921 734 185 70,736 (9.6%)
Total of expenses 776 692 737 716 38,976 (5.3%)
Surplus 28,229 Δ3351 31,760
Accumulated surplus 202 410 174 181 28,229

Cash flow basis (unit: 100 million won), Source: National Health Insurance Service

“The state health insurance agency said it plans to expand the medical safety net by gradually converting nonpaying items with high medical requirements, such as MRIs and ultrasounds, to payment elements, increasing disaster medical expense subsidy rates and support amounts.

“We will strengthen a stable revenue base by solidifying fair collection of income-based insurance costs in anticipation of aging populations and infectious disease crises,” the NHIS said. “We will also manage finances stably in a premeditated way by improving the close monitoring of changes in spending and actively increasing the efficiency of overall spending.”

However, the state health insurance body expects the rate of revenue growth to slow. On the other hand, the rate of increase in expenditure will be higher this year due to the strengthening of insurance coverage and the continued response to Covid-19.

The NHIS estimates it would spend 600 billion won per month to support rapid antigen testing at neighborhood clinics, 290 billion won for home treatment and temporary testing expenditures of 30 billion won to conduct PCR tests. on guardians and carers of patients.

“For a variety of reasons, including the need for an ongoing response to Covid-19, health insurance revenue growth will slow while spending will rise rapidly this year,” the NHIS said. “We will do our best in exploiting the funds to achieve an optimal rate of profit.”

President Moon Satisfied with ‘Improved Health Insurance Funding’

Upon learning that the National Health Insurance was recording a surplus, President Moon Jae-in positively assessed the policy.

President Moon Jae-in left comments on the surplus of National Insurance funding through the SNS. (Source: Extract from President Moon’s SNS)

Although the government has sharply increased spending by implementing “Moon Jae-in care,” the insurance financial situation has rather improved, the president said via SNS.

“Medicare recorded a surplus of more than 2.8 trillion won last year to bring the cumulative reserve to 20.2 trillion won. The figure is even higher than when our administration took office,” Moon said. “We have increased spending sharply, but the finances have rather improved. Criticisms of worsening health insurance finances were nothing more than the words of people who didn’t know well.

The Chief Executive pointed out that the government has reached an accumulated reserve twice as high as initially planned and has limited the increase in insurance costs to an average of 2.7%, also lower than forecast, managing to minimize public charges.

“Such an achievement is all the more important as we have done it despite the large injection of insurance funds into the anti-Covid-19 fights by spending 2.1 trillion won on diagnosis, quarantine and treatment. treatment,” President Moon noted.

When he took office in 2017, Moon announced his health insurance policy, saying the government would pay 10 trillion won from the accumulated reserve of 20 trillion won to help ease the burden of medical costs while leaving the remaining 10 trillion won intact. The president also said he would reduce the rate of insurance cost increases below the 3.2% average of the previous decade.

“The government will continue to manage health insurance funding in a stable manner and strive to reduce people’s medical costs,” President Moon said. “It will continue to expand medical insurance coverage and make the most of it to respond effectively to the Omicron wave.”

Uttama dangles financial boost for tourism Mon, 14 Feb 2022 21:33:00 +0000

Former Finance Minister Uttama Savanayana

The newly formed Sang Anakhot Thai (Building Thailand’s Future) party on Monday unveiled its Restart Thai Tourism platform with a plan to create a 20 billion baht fund to help the tourism industry get back on its feet. after the Covid-19 pandemic.

Party co-founder Uttama Savanayana discussed the idea on his Facebook page following a meeting on Thursday between party officials and the Tourism Board of Thailand to discuss how to revitalize the tourism sector. tourism battered by Covid.

In 2019, before Covid-19, Thailand earned three trillion baht from tourism with nearly 40 million international tourists visiting the country. The number of foreign visitors fell to 7 million in 2020 and to 400,000 in 2021.

Mr Uttama, a former finance minister, said the pandemic would have left some seven million people, both operators and workers, in the tourism industry in financial difficulty with between 70% and 80% of employees who would have been unemployed and several small and medium-sized operators forced into bankruptcy due to their debts.

He said that during the meeting, the Sang Anakhot Thai party seized on the slogan “Restart Thai Tourism” as it saw the pandemic as an opportunity to assess, rebuild and uplift the tourism industry.

With rich natural resources, Thailand is well placed to use tourism as an engine of growth, Mr. Uttama said, and the party’s strategy would aim to upgrade facilities, acquire new technologies and conquer new markets in order to develop and build capacity during reconstruction. process process.

Mr Uttama said the creation of a 20 billion baht fund was the appropriate mechanism to implement the strategy and would be part of a previously discussed plan to create a 200 billion baht fund to develop SMEs in the country.

Building a better future Wed, 09 Feb 2022 21:00:00 +0000

Finance Minister Arkhom Termpittayapaisith addresses the virtual conference “Future of Growth: Thailand Vision 2030” as the keynote speaker to mark the 20th anniversary of “Post Today”.

Finance Minister Arkhom Termpittayapaisith outlined eight areas Thailand needs to work on over the next decade to increase the country’s competitiveness.

During a keynote address at a virtual conference titled “Future of Growth: Thailand Vision 2030” marking the 20th anniversary of Publish todayMr Arkhom said the country must adapt now to avoid an economic regression.

Thailand has a 20-year strategic plan divided into five-year action plans prepared by the National Economic and Social Development Council (NESDC), the government’s planning unit, he said.

The Minister outlined eight areas Thailand needs to address to improve its overall competitiveness over the next decade.

The first was climate change, he said.

As the global community sets the goal of carbon neutrality and net zero balance, Thailand must join the momentum.

One government policy designed to support a reduction in carbon emissions was its comprehensive plan to promote electric vehicles (EVs).

Another area was the promotion of digital technology, which is one of the 12 targeted industries. Digital technologies have played a key role over the past two years, especially in payment systems, peer-to-peer lending and cloud financing, Arkhom told the meeting.

He said the government will encourage such innovations, but the Bank of Thailand and the Securities and Exchange Commission will provide oversight to ensure they do not affect the country’s financial stability.

The third area was promoting the health and wellness industry, which has great potential, he said.

The private sector has taken the initiative and incorporated trends in health, well-being and life in the elderly into its business model. Property developers, for example, have built accommodation to accommodate older foreigners seeking long stays in Thailand.

Arkhom said the country needs to do more to promote SMEs, adding that the finance ministry is considering how to support those who want to invest and launch start-ups.

Although the tourism industry typically accounts for 12% of GDP, with up to 40 million international travelers visiting the country each year before the pandemic, Thailand needs to move from quantity to quality when it comes to tourism, said the Minister.

He said the country should pay more attention to attracting travelers with high purchasing power rather than relying on mass tourism, which is known to have a negative impact on the environment and natural resources.

Mr. Arkhom said the country should also create a social safety net, especially for grassroots people, and promote savings among the working population to help them meet their future vital needs.

He said the transition to an aging society remains a challenge for the country and requires careful planning.

Finally, Mr. Arkhom said that policymakers must also ensure fiscal sustainability by increasing the efficiency of revenue collection and broadening tax bases.

He described this as a global issue due to the massive government spending needed over the past two years to mitigate the economic impact of the Covid-19 pandemic.

NextPlay Technologies’ Longroot Selected by Ample Health to Lead Security Token Offering Thu, 27 Jan 2022 14:15:00 +0000

SUNRISE, Fla., Jan. 27, 2022 (GLOBE NEWSWIRE) — via NewMediaWire — NextPlay Technologies, Inc. (NASDAQ: NXTP), a digital commerce ecosystem for digital advertisers, consumers, video gamers and travelers, reported that its license long root The Digital Token Offering Platform will serve as financial advisor and underwriter for the Security Token Offering (STO) offered by Ample Health (“Ample”).

Ample Health is an emerging cannabis company operating from seed to sale in Southeast Asia. The company is looking to use the proceeds from its STO to fund its development and global expansion.

Longroot will be responsible for structuring the offering and raising initial capital to fund the STO. This will involve developing registration statements for all relevant jurisdictions, including preliminary and final prospectuses. He intends to lead Ample through the regulatory approval process and then help with pricing and the launch of the STO through the Longroot portal.

“This Ample Health STO represents a tremendous opportunity for us to represent a major customer in the growing global cannabis space,” commented Todd Bonner, Director of Longroot (Thailand) Limited and President of NextPlay Technologies. “Once completed, we believe it will represent the first of many successful STOs for Longroot that we are currently moving forward through our pipeline.”

Ample Health is looking to tap into the global cannabis market, which is expected to grow at a compound annual growth rate of 32% from $28.3 billion in 2021 to $197.74 billion by 2028, according to Fortune Business Insights.

Akira Wongwan, CEO and Co-Founder of Ample Health, said, “We chose Longroot to lead our STO because of their experienced management and established presence in the digital offering market, as well as their license and its supervision by the Thai federal government. Together, we believe this will ensure a very successful STO and the launch of our global cannabis platform.

The proposed offering aims to raise between 100 and 250 million US dollars. Longroot will receive management and placement fees on the proceeds raised immediately following the closing of the offering, which is expected to occur by summer 2022.


The information contained in the press release is for informational purposes only. It is not intended to be, and should not be construed as, an offer or solicitation for the purchase or sale of any financial instrument, security or digital currency, or as an official confirmation of any transaction. All market information, data and other information included herein is not guaranteed to be complete or accurate and is subject to change without notice.

This press release does not constitute an offer of securities for sale in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration. Any public offering of securities in the United States will be made by means of a prospectus which may be obtained from Ample Health and will contain detailed information about the company and management, as well as financial statements.

About Ample Health

Ample Health is an emerging cannabis company operating from seed to sale in Southeast Asia. It aims to create synergy between producers, extractors, retailers and regulators, to help them compete in the national and international cannabis market and create a fair and sustainable industry for all.

About Longroot

Authorized and regulated under Thailand’s Federal Digital Assets Act and licensed by the Securities & Exchange Commission of Thailand, Longroot (Thailand) Limited provides fully regulated and licensed digital asset financing and investment services for assets digital. Longroot is focused on creating regulated cryptocurrencies used in wholesale travel, real estate and hotels, gambling assets, insurance, and digital advertising. As a Thailand-based company, Longroot is indirectly controlled by NextPlay Technologies. For more information, visit

About NextPlay Technologies

NextPlay Technologies, Inc. (Nasdaq: NXTP) is a technology solutions company providing gaming, in-game advertising, crypto-banking, connected TV and travel booking services to consumers and businesses across the world. growing global digital ecosystem. NextPlay’s engaging products and services use innovative AdTech, Artificial Intelligence and Fintech solutions to leverage the strengths and channels of its existing and acquired technologies. For more information about NextPlay Technologies, visit and follow us on Twitter @NextPlayTech and LinkedIn.

Forward-looking statements

This press release contains “forward-looking statements” within the meaning and scope of the safe harbor provided by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements give our current expectations, opinions, beliefs or forecasts regarding future events and performance. A statement identified by the use of forward-looking words such as “will”, “may”, “expect”, “intend”, “project”, “anticipate”, “plan”, “believe” , “estimates”, “should”, and certain of the other preceding statements may be considered forward-looking statements. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve risks and uncertainties that may cause actual future activities and results to differ materially from those suggested or described in this press release. . Factors that could cause such a difference include risks and uncertainties, including, but not limited to, our need for additional capital which may not be available on commercially acceptable terms, if at all, which raises questions about our ability to continue our business; the fact that the COVID-19 pandemic has had, and is expected to continue to have, a material adverse impact on the travel industry and our business, results of operations and liquidity; current regulations governing digital currency activity are often unclear and evolving; the future development and growth of digital currencies is subject to a variety of factors that are difficult to predict and assess, many of which are beyond our control; the value of digital currency is volatile; amounts owed to us by third parties which may not be paid on time or at all; certain amounts we owe for unpaid debt that are secured by substantially all of our assets and any penalties we may incur in connection therewith; our being heavily indebted, which could adversely affect our business and financial condition; our revenues and results of operations being subject to the ability of our distributors and partners to integrate our alternative accommodation rental (ALR) properties into their websites, and the timing of such integrations; uncertainty and illiquidity in credit and capital markets which may impair our ability to obtain credit and financing on acceptable terms and may impair the financial strength of our business partners; the Company’s officers and directors have the ability to exercise significant influence over the Company; shareholders may be significantly diluted by our efforts to obtain financing, meet our obligations and make acquisitions by issuing additional shares of our common or preferred stock; if we are unable to adapt to changes in technology, our business could suffer; our travel business is largely dependent on property owners and managers renewing their listings; if we do not adequately protect our intellectual property, our ability to compete could be impaired; our long-term success depends, in part, on our ability to expand our owner, manager and traveler bases outside of the United States and, therefore, our business is sensitive to the risks associated with international operations; changes or adverse interpretations of governmental regulations or taxation of the evolving ALR, Internet and e-commerce industries that could adversely affect our results of operations; risks associated with the operations, businesses and regulations of Longroot and NextBank International (formerly IFEB); the market in which we participate is highly competitive, and because of this, we may be unable to compete successfully with our current or future competitors; our potential inability to adapt to changes in technology, which could adversely affect our business; the volatility of our stock price; that we may be held liable for the activities of our property owners and managers, which could damage our reputation and increase our operating costs; and that we have incurred significant losses to date and require additional capital which may not be available on commercially acceptable terms, if at all. Further information about the risks and uncertainties facing NextPlay is detailed from time to time in NextPlay’s periodic reports filed with the SEC, including its most recent annual report on Form 10-K and its quarterly reports on Form 10. -Q, under “Risk Factors”. These reports are available at Other unknown or unpredictable factors could also materially adversely affect the Company’s future results and/or could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements. Investors are cautioned that forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those projected. The forward-looking statements contained in this press release speak only as of the date hereof. The Company undertakes no obligation to update or correct its own forward-looking statements, except as required by law, or those prepared by third parties who are not paid by the Company. If we update one or more forward-looking statements, no conclusion should be drawn that we will make additional updates with respect to such or other forward-looking statements.

SOURCE: NextPlay Technologies, Inc.

Company details :

NextPlay Technologies, Inc.

Richard Marshall

Director of Corporate Development

Tel: (954) 888-9779


ample health

Akira Wongwan


Tel: 0869778788


Stellantis plans to take a majority stake in a joint venture with GAC in China Thu, 27 Jan 2022 07:09:29 +0000

Stellantis Plans to take a majority share in Joint venture with GAC in China

  • Possible change thanks to new regulatory framework allowing additional foreign investments in existing JVs, from January 2022

  • Stellantis and GAC Group will continue to cooperate to develop the Jeep® Brandit is to success business potential in China

  • First key step at streamline China operations, as part of Business the strategic plan will be announced on March 1

AMSTERDAM, January 27, 2022 – Stellantide NV today announced plans to increase its stake in GAC-Stellantis from 50% to 75%. This announcement is a key part of Stellantis’ plan to establish a new base for its business in China. GAC Group and Stellantis have agreed to jointly complete the relevant formalities of the agreement, which remains subject to the approval of the Chinese government.

GAC-Stellantis is a joint venture formed between China Guangzhou Automobile Group Co., Ltd. (GAC Group) and Stellantis in March 2010.

In September 2021, Stellantis announced that it would create a simplified operational organization “Stellantis Jeep” to develop the brand in China. The JV is now able to support the effectiveness of this integrated “One Jeep” strategy in China, centered on the Changsha manufacturing plant, which is currently preparing the launch of the Compass model. GAC Group and Stellantis will continue to work closely together to develop the brand’s profitable business in China.

Additional details of Stellantis’ plan for the Chinese market will be announced in the Global Strategic Plan on March 1, 2022.

About Stellantis

Stellantis NV (NYSE / MTA / Euronext Paris: STLA) is one of the global playerss leading car manufacturers and a mobility provider. His historic and iconic brands embody the passion of their visionary founders and todays customers in their innovative products and services, including Abarth, Alfa Romeo, Chrysler, Citroen, Dodge, DS Automobiles, Fiat, Jeep®, Lancia, Maserati, Opel, Peugeot, Ram, Opel, Free2move and Leasys. Empowered by our diversity, we are leading the way for the world – aspiring to be the biggest sustainable mobility technology company, not the biggest, while creating value for all stakeholders as well as the communities in which it operates. operates. For more information visit





For more information, contact:

Chao Wang –


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IMF lowers global economic growth forecast for 2022 to 4.4% on weaker outlook for US and China Tue, 25 Jan 2022 14:00:00 +0000

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The International Monetary Fund has cut its global economic growth forecast for 2022 as the Covid-19 pandemic enters its third year, citing weaker prospects for the United States and China as well as persistent inflation.

The global economy will expand 4.4% this year, down from an estimate of 4.9% in October, the Washington-based IMF said in its World Economic Outlook on Tuesday. The fund forecast growth of 3.8% for 2023, up from the previous projection, but the cumulative expansion for the two years will still be 0.3 percentage points lower than the previous forecast.

The United States, the world’s largest economy, saw its forecast reduced on the outlook for President Joe Biden’s spending program and China, the second-largest, on housing challenges.

The global economy grew 5.9% last year, according to the IMF, the strongest in four decades of detailed data. This followed a 3.1% contraction in 2020 that was the worst peacetime decline in broader numbers since the Great Depression.

Central banks that have cut interest rates to mitigate the economic decline caused by the pandemic are facing pressure to tighten policy to deal with soaring consumer prices, threatening to dampen the rebound in growth. Governments also have less fiscal space to meet health needs and support their economies after racking up record debt.

‘Be ready’

“The past two years reaffirm that this crisis and the ongoing recovery is unlike any other,” wrote Gita Gopinath, who became the fund’s second head this month after three years as chief economist, in a blog accompanying the report.

“Policymakers need to vigilantly monitor a wide range of incoming economic data, prepare for contingencies, and be ready to communicate and execute near-term policy changes,” Gopinath said. “In parallel, bold and effective international cooperation should ensure that this year is the year the world escapes the grip of the pandemic.”

While the IMF sees the omicron variant weighing on growth in the first quarter, it expects the negative impact to fade from the second quarter, assuming the global surge in infections subsides and the virus does not transform into new variants that require more restrictions on mobility.

Supply chain disruptions are spurring more widespread inflation than expected, the IMF said, with an annual rate projected to average 3.9% in advanced economies this year, down from a previous estimate of 2.3%, and 5.9% in emerging and developing countries.

The IMF expects the faster pace of cost-of-living increases to gradually ease later this year, assuming price expectations remain firmly anchored as maritime bottlenecks ease and major economies react with interest rate increases.

Advanced economies raising interest rates can create risks to financial stability and capital flows, currencies and fiscal positions of emerging and developing economies after debt levels rise, the IMF said. . International cooperation will be needed to preserve nations’ access to liquidity and facilitate orderly debt restructuring if necessary, the fund said.

IMF projections:

  • The fund cut its US growth forecast by 1.2 percentage points to 4%. The revision reflects the removal of positive impact assumptions from President Joe Biden’s Build Back Better social spending plan, which has stalled in Congress; early withdrawal of Federal Reserve support; and persistent supply chain bottlenecks

  • He cut China’s growth forecast by 0.8 points to 4.8%, citing disruptions caused by the pandemic, the nation’s zero-tolerance policy for Covid-19 and disruptions in the housing sector.

  • The IMF lowered its growth forecasts for Brazil and Mexico by 1.2 percentage points to 0.3% and 2.8%, respectively, as the fight against inflation already prompted a tightening of monetary policy which will weigh on domestic demand

  • India to grow fastest among major economies at 9% from 8.5%, due to improved credit growth

Projections assume that poor health outcomes from Covid-19 recede to low levels in most countries by the end of this year, vaccination rates improve and treatments become more available. Risks are on the downside, with new variants threatening to prolong the pandemic.

Ending the pandemic depends on ending vaccine inequity, the IMF has said. The share of the population fully immunized is about 70% for high-income countries, but less than 4% for low-income countries. Eighty-six countries, representing 27% of the world’s population, failed to reach the 40% immunization level at the end of last year that the IMF says is needed to stem the pandemic.

The world also suffers from deep inequality in Covid-19 testing, with testing rates around 80 times higher in high-income countries than in low-income countries.

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India and Sri Lanka review progress in providing loans worth $1.5 billion | Latest India News Sat, 15 Jan 2022 12:18:13 +0000

NEW DELHI: India and Sri Lanka on Saturday reviewed progress in providing loans worth a total of $1.5 billion to the island nation for emergency purchases of food, medicine and supplies. fuel to overcome an economic crisis.

The matter featured in a virtual meeting between Foreign Minister S Jaishankar and Sri Lankan Finance Minister Basil Rajapaksa, who visited New Delhi last month to discuss a four-pronged financial aid package points.

Sri Lanka is grappling with a severe debt and currency crisis, which has been exacerbated by a drop in tourist arrivals due to the Covid-19 pandemic. Analysts believe that the rapid depletion of foreign exchange reserves could lead to a default on the payment of foreign debt.

Following a meeting between Indian envoy Gopal Baglay and Central Bank of Sri Lanka Governor Ajith Nivard Cabraal in Colombo on Thursday, India extended a currency swap facility by $400 million Saarc and deferred payment of $515.2 million to the Asian Clearing Union (ACU) for two months. to help Sri Lanka.

During their meeting, Jaishankar and Rajapaksa “reviewed the progress made in extending India’s $1 billion credit facility for importing food, essential items and medicine and $500 million dollars for importing fuel from India,” the foreign ministry said in a statement. Jaishankar tweeted that the two sides discussed “fast completion” of these loans.

The ministers “positively noted” the $400 million extension under the Saarc currency swap agreement and the postponement of the $515.2 million ACU settlement, the statement said.

Jaishankar also tweeted that India will be an “steadfast and reliable partner of Sri Lanka”. He said he assured Rajapaksa that India would take initiatives to support Sri Lanka at this important time along with other international partners.

The statement said India “has always supported Sri Lanka and will continue to support Sri Lanka in every way possible to overcome the economic and other challenges posed by the Covid-19 pandemic.” He added: “As close friends and maritime neighbours, India and Sri Lanka stand to gain from closer economic ties.”

The two ministers noted that the recent steps taken by the Sri Lankan government to jointly upgrade the Trincomalee Petroleum Park will boost investor confidence and enhance Sri Lanka’s energy security. They agreed to keep in touch to guide mutually beneficial economic cooperation.

Rajapaksa recalled India’s longstanding cooperation with Sri Lanka and “deeply appreciated the gestures of support”, according to the statement. He hailed India’s investments in several important areas including ports, infrastructure, energy, renewables, power and manufacturing, and assured Jaishankar that an enabling investment environment will be provided by Sri Lanka.

Sri Lanka last week signed an agreement with a subsidiary of the Indian Oil Corporation for the long-term renovation project of the British-era Trincomalee oil farm, an 850-acre storage facility with a capacity of almost a million tons. The Ports Authority of Sri Lanka and the Adani Group finalized an agreement last year to develop the western container terminal at the Port of Colombo.

Jaishankar also addressed the issue of Indian fishermen detained in Sri Lanka and urged Colombo to secure their speedy release as a humanitarian gesture.

India’s decision to provide financial assistance to Sri Lanka follows a visit to Sri Lanka last week by Chinese Foreign Minister Wang Yi, who told Colombo that no “third party” should s interfere in Sino-Sri Lankan relations. Much of Sri Lanka’s outstanding debt is held by China, which has provided subsidized loans worth billions of dollars that some experts say have thrust the island nation into a debt trap.

In a meeting with Wang, President Gotabaya Rajapaksa called on China to restructure debt repayments as a solution to the economic crisis. He also called for a concessional trade credit scheme for imports from China.