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Hong Kong Trade Development Council Chairman Dr Peter KN Lam confident in Hong Kong’s business environment

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HONG KONG, July 20, 2021 – (ACN Newswire) – The Hong Kong Trade Development Council (HKTDC) noticed recent discussions on Hong Kong’s business environment. Dr Peter KN Lam, Chairman of the HKTDC, said that most companies operating in Hong Kong remain confident in the city’s business landscape.

Dr. Lam said, “Based on my interaction with Hong Kong’s international business community, they are excited about the vast opportunities arising from the Guangdong-Hong Kong-Macao Greater Bay Area development, and see Hong Kong as the ideal entry point.”

“As a global business hub, Hong Kong’s fundamental strengths remain robust. The city continues to be a place which is easy to do business, has a rich pool of international talent, and enjoys economic freedom, a low level of corruption and free flow of capital, goods, people and information. I believe global investors and the business community are confident in Hong Kong’s continued role as a two-way investment and business platform,” Dr. Lam added.

Given Asia’s strong growth potential as well as opportunities arising from the Mainland’s 14th Five-Year Plan, dual circulation policy and development of the Greater Bay Area, the HKTDC has planned a series of activities focusing on Hong Kong’s strengths in areas such as medical and healthcare, technology, finance, logistics, legal as well as intellectual property, to support local and international companies to capture these opportunities.

About HKTDC

The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong’s trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedIn

Media Contact:
HKTDC’s Communications and Public Affairs Department
Susanna Sin, Tel: +852 2584 4294, email: susanna.kc.sin@hktdc.org


Topic: Press release summary
Source: HKTDC

Sectors: Daily Finance, Daily News, Local Biz
https://www.acnnewswire.com

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Source: https://www.acnnewswire.com/press-release/english/68166/

ACN Newswire

Alphaus enters Singapore Cloud Financial Management market with Cloud Comrade win

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KUALA LUMPUR, July 29, 2021 – (ACN Newswire) – Alphaus Inc. (https://alphaus.cloud/jp/), a prominent start up in the Cloud Financial Management space in Japan, has made a successful foray into the Singapore market in line with its strategic growth plans. The company will provide its suite of cloud financial management (CFM) solutions to the fast-growing Managed Services Provider (MSP) Cloud Comrade (https://cloudcomrade.com/). The overall value of Alphaus’ solutions and support, with the ability for bespoke integrations to the financial services system, were key considerations for Cloud Comrade to switch to Alphaus’ products as critical components for its business operations.

Andy Waroma and Hajime Hirose

Signing Cloud Comrade- the first Singapore-headquartered AWS Premier Consulting Partner that is also a Google Premier Partner and Microsoft Gold Cloud Platform partner- as a client gives Alphaus great impetus in achieving its strategic goals for the Southeast region. Its growing Global Delivery Centre in Kuala Lumpur, established last year, is a testament to the company’s commitment to provide dedicated support for the unique needs of a diverse clientele across various countries and industries in this high-potential region.

Solving cloud financial management challenges

Cliched as it sounds, the ‘New Normal’ is upon us with increasing clarity that it is in the cloud. According to a study by Boston Consulting Group (BCG) in 2020, the Asia Pacific- including India and Australia- is leading this charge as the adoption of the public cloud in the region outpaces that in the US and Western Europe. From a modest 3 percent of their IT spend on the public cloud in 2016, businesses in APAC are projected to spend over 10% of the IT budget on the public cloud by 2023.

Despite the promising growth and outlook for migration to the cloud, the complexity and lack of adequate clarity into the costs of cloud infrastructure deployment present a serious challenge for businesses making or facilitating such a transition. This was highlighted in a survey of over 100 companies in Malaysia carried out last year. In the recent past, Amazon Web Services (AWS) has also highlighted this problem while recommending that companies take appropriate steps for CFM. ‘Cloud waste’ or sub-optimal utilization of cloud resources is another major pain point, preventing businesses from deriving maximum ROI on their cloud spend.

Alphaus precisely addresses these challenges, expanding its footprint in APAC as a pioneer in simplifying billing/spend management and tackling cloud waste for companies. Its suite of user-friendly and feature-rich Software-as-a-Service products – Wave* and Ripple** — is serving as a catalyst to faster, greater, and better adoption and use of the cloud.

Helping Cloud Comrade in its growth journey

Cloud Comrade is one of the many companies experiencing the value of Aphaus’ solutions. The company had been on the lookout for a more effective solution and a reliable partner who could help navigate the dynamic future of cloud management to jointly deliver even greater value and a better cloud experience for their customers.

“As a cloud Managed Services Provider, we enable several large organizations in the region with their digital transformation and migration to the cloud. It is a critical success factor for both our clients and us that we not only have complete clarity on all the costs associated with the cloud infrastructure but are also making optimum utilization of any cloud resources deployed. The SaaS solutions from Alphaus for billing management and cloud cost optimization provide us with the requisite tools, information, and intelligence to achieve these seamlessly. These tools are integral to our operations and in use 24/7. Alphaus’ Wave and Ripple go a long way in helping maximize ROI, one of the key value propositions for moving to the cloud,” said Andy Waroma, Co-Founder & Co-Managing Director of Cloud Comrade.

“We are thrilled to have a leader like Cloud Comrade as a client and help it deliver better customer service with bespoke integrations to its financial services system,” said Hajime Hirose, CEO of Alphaus Inc. “The APAC is a digital hub that is at the cusp of unprecedented use of cloud services. Our goal is to enable every business to fully realize the value of migrating their IT infrastructure to the cloud. All change does not have to be painful. This belief explains our relentless focus on simplifying billing/spend management, helping companies realize cost and time savings, optimizing resources and consequently, directly impacting their bottom line. We are committed to continually introduce features that fulfill these objectives for our partners and clients; our strong presence and expansion in the APAC market manifests this commitment.”

*Wave- Cloud Cost Optimization and Management
Manages multiple AWS cloud accounts in one place, analyzes organizations’ cost and optimizes budget easily. Wave helps organizations get a clear picture of the cost of cloud infrastructure, discover wasted resources and excessive costs.

**Ripple- Billing Management Solution for MSPs and resellers
Recalculates AWS invoices and reallocates Reserved Instances (RIs) only to linked accounts they belong to, helping the former to accurately charge their customers. Ripple helps service providers save significant time and hassle in complex accounting and billing. Service providers can also use Ripple to plan their RI procurement strategy for maximum ROI.

About Alphaus Inc.

Alphaus, a VC-backed tech start-up on a mission to simplify cloud computing for everyone specializes in Cloud Financial Management (CFM) solutions. The company is focused on enabling its cloud services partners and clients to understand, manage and optimize complicated cloud spend, billings and resource allocation for maximizing ROI on their investments in the cloud. An AWS Advanced Technology Partner, Alphaus provides a suite of Software-as-a-Service solutions for multi-cloud management supporting AWS, Microsoft Azure and Google Cloud.

Founded in 2015, Alphaus Inc. is backed by reputed investors like DNX Ventures, NTT DoCoMo Ventures, Mitsubishi UFJ Capital, Archetype Ventures, Accord Ventures and 500 Startups. The company’s roster of clients includes NTT Data, Nomura Research Institute (NRI), and ISI-Dentsu. Headquartered in Japan, Alphaus has a rapidly growing Global Delivery Centre in Kuala Lumpur, Malaysia comprising 10 team members to support its rapid expansion in the Asia Pacific and Oceania regions.

Media Contact
Rishanty Navaratnam, People & Administration Lead
Tel: +60 12 952 2655
E-mail: rishanty@alphaus.cloud


Topic: Press release summary
Source: Alphaus

Sectors: Daily Finance, Cloud & Enterprise, Startups
https://www.acnnewswire.com

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Source: https://www.acnnewswire.com/press-release/english/68311/

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ACN Newswire

VFS Global opens new UAE Attestation Centres in the Philippines

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MANILA, July 28, 2021 – (ACN Newswire) – Customers in the Philippines can directly visit the UAE Attestation Centres located in Makati City, Malate in Manila and Cebu without any prior appointment for document attestation services which commenced on 1 July 2021. Services at the Centre include personal documents (Birth Certificate, Marriage Certificate etc.), educational documents (School Certificate, Diploma etc.), and commercial documents (Business Registrations, Invoices).

Customers who are travelling to UAE or the Middle East can submit their documents in person for attestation by walk-in directly at our new centres that adhere to the stringent safety and physical distancing guidelines prescribed by the World Health Organisation and local authorities. The convenience of doorstep document collection and delivery with real-time tracking of key documents via courier will be made available soon for the residents in these three locations. The mode of payment is cash only at present. Please note that all documents submitted for attestation should already have an apostille by DFA (Department of Foreign Affairs), UAE.

Commenting on the inauguration of the new UAE Attestation Centres, Mr Jiten Vyas, Regional Group COO, VFS Global, “We are excited to extend our long-standing partnership with the Government of the UAE to the next level through the launch of the new Attestation Centres in cooperation with the UAE Ministry of Foreign Affairs. By leveraging on our vast operations network and expertise in Attestation services globally, our newly opened UAE Attestation Centres across the Philippines will offer an enhanced experience for customers with a secure application process and with a range of Value Added Services like pick and drop, end-to-end support, courier, translation etc.”

Key advantages of the new UAE Attestation Centre include:
– Secured end to end process legalisation process
– Safety of documents shared for attestation and legalisation
– On-time processing and return of important documents

Important information for UAE attestation services customers in the Philippines:

As the safety of our customers and employees is our priority, VFS Global has implemented strict health and safety measures in line with Government guidelines for physical distancing at the Centres. Customers must wear a face mask/face covering to enter the premises, and a temperature reading will be required on arrival. Customers exhibiting COVID-19 symptoms, including fever (higher than 37.3 degrees Celsius), cough and difficulty in breathing, will not be allowed to proceed with their applications and be allowed to reschedule their appointments for another day.

Customers can visit our website: http://www.vfsattestation.com/philippines/ or call our helpline number +639190615894 or email us infodvpcmnl@dubaivisa.net for more details.

UAE Attestation Centre
– Address in Makati City: VFS Global, Unit M01, Mezzanine Floor, Ecoplaza Building, 2305 Chino Roces Ave.Extension, Makati City, Metro Manila 1231, Philippines
– Address in Malate: VFS Global, Ground Floor, DY International Building, San Marcelino corner Gen. Malvar St. Malate, Manila 1004, Philippines
– Address in Cebu: VFS Global, 5th Floor Unit 503 Kepwealth Center, Samar Loop cor. Cardinal Rosales Avenue, Cebu Business Park, Cebu City 6000, Philippines
Email id: infodvpcmnl@dubaivisa.net
Helpline: +639190615894
Website: http://www.vfsattestation.com/philippines/
Submission Timing: 0900 hrs – 1300 hrs (Monday to Friday, except holidays)

*VFS Global will be responsible only for accepting applications for client missions. All applications submitted will continue to be assessed and processed by the respective client missions. Timelines for turnaround are as per the discretion of the authorities.

About VFS Global

VFS Global is the world’s largest outsourcing and technology services specialist for governments and diplomatic missions worldwide. With 3523 Application Centres, operations in 143 countries across five continents and over 230 million applications processed (since inception in 2001) as on 30 June 2021, VFS Global is the trusted partner of 62 client governments. The company manages non-judgmental and administrative tasks related to applications for visa, passport and consular services for its client governments, enabling them to focus entirely on the critical task of assessment.

VFS Global is majority owned by the global investment organisation EQT. The Swiss-based Kuoni and Hugentobler Foundation holds a minority stake in VFS Global. EQT is a global investment organisation with offices in Europe, North America and Asia-Pacific and a 27-year track record of consistent investment performance across multiple geographies, sectors, and strategies. EQT AB Group is listed on the Nasdaq Stockholm stock exchange. EQT manages and advises a range of specialized investment funds and other investment vehicles that invest across the world with the mission to generate attractive returns and future-proof companies. EQT funds’ investors do not influence portfolio companies’ decision making or strategies. Nor do they have access to private and confidential business assets or client and customer data.

Media Contact
Sukanya Chakraborty
sukanyac@vfsglobal.com
communications@vfsglobal.com


Topic: Press release summary
Source: VFS Global

Sectors: Travel & Tourism, Daily News, Legal & Compliance, Local Biz, Government
https://www.acnnewswire.com

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ACN Newswire

Leo Secures a Total of HKD1.15 Billion Green Loan after Successful Completion of Third Round of Green Financing

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HONG KONG, July 28, 2021 – (ACN Newswire) – Leo Paper Group (Hong Kong) Limited (‘Group’), a global printing communications company based in Hong Kong, announced that its wholly-owned subsidiary, Leo Paper Group Finance Limited (‘Leo’), has signed a HKD400 million four-year green term loan and revolving credit facility (‘Green Loan’) with a group of eight major banks today. Together with the green loans totalling HKD750 million obtained in 2018 and 2019, the Group has secured a total of HKD1.15 billion in Green Financing. Also, the Group has been recognised as the first batch of local companies eligible for the Green and Sustainable Finance Grant Scheme of the Hong Kong Monetary Authority (HKMA), entitling it to a full subsidy for all external review service expenses.

The advent of the COVID-19 pandemic has raised notably worldwide attention on the environmental, social and governance (ESG) endeavours of business corporations. In the 14th Five-Year Plan for the Development of Circular Economy recently released by the National Development and Reform Commission, there is a clear direction of achieving full implementation of circular production by 2025, encouraging industries to promote green designs and clean production and to more efficiently integrate and apply resources. It also urges financial institutions to increase green economy-related investment and financing so as to support companies and projects related to the circular economy. As a leader in the printing industry and a first mover in ESG, Leo continued to enjoy strong support from local and international banks for this third round of Green Financing amid the pandemic. Part of the HKD400 million green loan will be used on the green construction projects in its existing plants in Mainland China and Vietnam, to strengthen energy saving and reduction of carbon emissions, waste gas, solid waste, wastewater and other environmental protection facilities. Another part of the loan will be used to build a new green plant in Hunan, China that complies with the certification standards, and more stringent standards will be adopted at the plant for energy consumption, wastewater and waste discharges. The aim of such efforts is to help the country promote carbon peaking and carbon neutrality, while also driving the Group’s business development in Mainland China.

In fact, Leo has been boosting its efforts on energy and emission reduction at its production plants in Mainland China and Vietnam over the years to help foster sustainable development of the paper products and printing industry. Since securing green loans totalling HKD750 million in 2018 and 2019, the Group has invested a few hundred million Hong Kong dollars so far in various energy-saving and technological improvement projects in relation to energy efficiency management, carbon emissions reduction, wastewater, waste gas control, green buildings, resource utilization and recycling of natural resources, etc. The significant results achieved have helped the Group’s production bases save cumulatively close to 18 million kwh of electricity and reduce over 9,200 tonnes of carbon emissions (data as of July 31, 2020), making environmental protection and energy-saving much more effective.

In addition, having been recognised as the first batch of companies eligible for the Hong Kong Monetary Authority’s (HKMA) Green and Sustainable Finance Grant Scheme, Leo has received a subsidy that covered all its external review service expenses. Also, with the effort to promote the development of green financing in Hong Kong, Leo became the first private company to obtain the Hong Kong Quality Assurance Agency (HKQAA) Green Finance Certification in 2018. Later in 2020, the Group also won the Outstanding Award for Green Loan Issuer – Comprehensive Green Framework – Single Green Loan (Printing & Communication Industry) from the Hong Kong Sustainable Finance Awards 2020 organised by HKQAA. In addition to the successful approval of the HKMA’s Green and Sustainable Finance Grant Scheme, it is undoubtedly a great affirmation and encouragement to Leo’s promotion of green development over the years.

Mr Samuel Leung, Group Chairman, said, “2020 was a year of changes and challenges. COVID-19 pandemic which has lasted for more than a year has profound impacts on the entire society, economy, market demand and business operations. Some of the Group’s businesses such as paper packaging, greeting cards and gifts, were also slightly affected last year. However, benefiting from people staying home longer particularly in Europe and the US, the Group’s home entertainment products including books, card games and jigsaw puzzles had impressive growth in the slack market. With the pandemic gradually coming under control, the Group will expand the production capacity of its plants in Mainland China and Vietnam to prepare for the economic recovery.”

“The pandemic has helped us realise the importance of sustainable development to a company. Thus, we have implemented timely a full spectrum of sustainable development strategies for environmental protection, social responsibility, employee protection and business excellence. Looking ahead, the Group will continue to promote environmental protection and strive to achieve the ‘zero-waste factory’ goal, in the hope of setting new industry standards.”

Mr King Lai, CFO of the Group, said, “In spite of the uncertainties in the global and local markets in recent years, our latest Green Financing still received strong support from eight major banks. The fact that the HKD400 million four-year green term loan and revolving credit facility only took 36 days to organize – a new industry record – is a clear testament to the strong confidence the capital market has in the Group’s financial strength and prospects. We are proud to have secured the funds and are grateful for the trust and recognition from the banks. Going forward, we will continue to deliver on our promise of leading the industry towards a greener future.”

Mr Frank Fang, Head of Commercial Banking, Hong Kong, HSBC, said: “Building on our support for Leo Paper’s Green Loan Framework established in 2018, we are pleased to participate in the Group’s Green Financing projects for the third time, as it continues to embed sustainability into its operations. The banking sector plays an important role in corporates’ net-zero mission. As the leading bank in the sustainable finance market, HSBC is dedicated to supporting our customers’ ESG agenda and driving the transition to a low-carbon economy.”

The eight banking institutions participating in the Green Financing exercise included (in alphabetical order):

Bank of China (Hong Kong) Ltd.
Citibank, N.A.
CTBC Bank Co., Ltd.
Hang Seng Bank Ltd.
The Hongkong and Shanghai Banking Corporation Ltd.
Mizuho Bank, Ltd.
The Bank of East Asia, Ltd.
United Overseas Bank Ltd.

To demonstrate its determination to realising long-term sustainable development, Leo has formulated the Green Harmony framework as the core policy aiming to build a green business chain from raw materials to consumers and from design to disposal. The Group also raised the barriers of the framework this year, hoping to give new impetus to its green development. For information about Leo’s work in promoting sustainable development, please refer to: https://tinyurl.com/rj9v5je8

About Leo Paper Group (Hong Kong) Limited
Since 1982, the Group has engaged in business as a traditional printing company and since then, it has developed into a leading global printing communications company, providing its clients with comprehensive printing services. Over the years, the Group has continued to promote environmentally friendly materials and cleaner production technologies. To enhance its green manufacturing capability, not only has the Group increased sourcing of “green” materials and developed products with green technologies, but it has also reduced waste and emissions and has reused resources. The Group strives to improve their environmental performance in the production and business operations to reduce the ecological footprint to help create a better future.

For media enquiries:
Name: Kay Lau
Title: Assistant Manager
Strategic Financial Relations Ltd.
Phone: (852) 2114 2239
Email: kay.lau@sprg.com.hk

Name: Emma Fung
Title: Executive Secretary
Leo Paper Group (Hong Kong) Ltd.
Phone: (852) 2535 2438
Email: EmmaFung@leo.com.hk

The electronic version of this press release is available for download:
English version: https://tinyurl.com/7485kp3s
Traditional Chinese version: https://tinyurl.com/2dkzcvcp
Simplified Chinese version: https://tinyurl.com/j7auyyxk


Topic: Press release summary
Source: Leo Paper Group (Hong Kong) Limited

Sectors: Daily Finance, Banking & Insurance
https://www.acnnewswire.com

From the Asia Corporate News Network

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ACN Newswire

China Dynamics Changes Name to Ev Dynamics

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HONG KONG, July 27, 2021 – (ACN Newswire) – China Dynamics (Holdings) Limited (the “Company”, Stock Code: 476, together with its subsidiaries, collectively “China Dynamics” or the “Group”), which provides new energy vehicles and technology integrated solutions, has changed the name of the Company from “China Dynamics (Holdings) Limited” to “Ev Dynamics (Holdings) Limited” to better reflect the current status of the Group’s business development and its direction of future development.

Mr. Miguel Valldecabres Polop, CEO of Ev Dynamics, said, “The Group is to globalise its electric vehicles to world markets, including and not limited to Mainland China, Hong Kong, Asia Pacific and South America. Through the dynamic environment of pure electric vehicle development, it is also the Group’s aim to become an environmentally friendly enterprise. We believe that the new name can provide the Company with a more appropriate corporate image and identity which will benefit the Group’s business development.”

The stock short name of the Company for trading in the shares on The Stock Exchange of Hong Kong Limited will be changed from “CH DYNAMICS” to “EV DYNAMICS” in English with effect from 27 July 2021.

About Ev Dynamics (Holdings) Limited (Stock Code: 476)
Ev Dynamics (Holdings) Limited is a pioneer and a prominent player in China’s new energy commercial vehicles market, as well as a whole-vehicle manufacturer of specialty passenger vehicles and new energy passenger vehicles. It is an integrated driving and logistics solutions provider with a solid technological foundation in diverse areas including new energy platform power system and its key components. The Group has production base in Chongqing and it has developed its sales network in Mainland China, Hong Kong, Asia Pacific and South America.

Media Enquiry
Strategic Financial Relations Limited
Vicky Lee +852 2864 4834 vicky.lee@sprg.com.hk
Phoebe Leung +852 2114 4172 phoebe.leung@sprg.com.hk
Eddie Li +852 2114 4170 eddie.li@sprg.com.hk
Website: www.sprg.com.hk


Topic: Press release summary
Source: Ev Dynamics (Holdings) Limited

Sectors: Daily Finance, Automotive
https://www.acnnewswire.com

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