Savings: Perissinotto (Eurizon), Gradual risk management strategies needed

MILAN, Italy, May 19, 2023 (GLOBE NEWSWIRE) — In the current market environment, “the return of interest rates to positive levels and inflation are big news, something we haven’t seen for years”. This was stated by Saverio Perissinotto, CEO of Eurizon and Vice-President of Assogestioni, at the Salone del Risparmio at MiCo, Milan Convention Center. Here, the Intesa Sanpaolo Group company organised a conference entitled ‘Geopolitical tensions, inflation, monetary policies: Investment strategies for the future?’.

“In this context, Eurizon is looking very carefully at the entire fixed income segment, the bond portion, with various investment solutions”, Perissinotto explained, adding: “On the equity side, we should not forget that the markets are not that far from the highs, so we think that gradual risk accumulation and gradual risk decumulation strategies are the best option to pursue at this time”.

At Assogestioni, Perissinotto also chairs the Financial Education Committee, and he spoke at the closing conference of the Salone, entitled ‘Saving beyond the crisis: Leading investors towards conscious choices’, which focused on the theme of financial education. The Censis presentation on the state of the art of financial education painted a picture of a country, Perissinotto explained, “with a rather high level of ‘miseducation’. Italy is a country with a huge stock of savings, which very often is not well allocated”. It is therefore necessary “to be more financially educated, more aware of investment choices, and it is also extremely important to be more familiar with basic concepts such as compound interest, the effect of inflation, and risk-return”. Eurizon, “within the Assogestioni environment, gives its contribution as an industry partner to try to bring home a project that allows us to have greater awareness and greater knowledge with these issues”, Perissinotto added.

During the conference, Perissinotto noted that “the various players at the level of institutions, industry operators and associations are committed to improving these aspects” and “now, in particular with the ‘Decreto Capitali’ [package of reforms aimed at facilitating capital market financing; ed.], financial education is becoming a subject of study, and this is fundamental”. Eurizon’s CEO went on to stress that “the real wealth still lies in culture: the more knowledgeable and cultured you are, the more you are able to make informed choices”, concluding that “we, as an industry, must provide not only skills but also a disciplined investment process. It is important not to get caught up in emotionalism”.

For more information:
Press Office LaPresse – ufficio.stampa@lapresse.it

A video accompanying this announcement is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/17ae03a9-1096-44cc-8a41-2632ec2758f9

GlobeNewswire Distribution ID 8842919

St Kitts and Nevis stands out for its strong Rule of Law and well-regulated citizenship by investment programme

Basseterre, May 19, 2023 (GLOBE NEWSWIRE) — Citizenship by Investment (CBI) programmes are often evaluated based on security, protection of property and human rights as well as general stability. The rule of law is a principle that is typically used to test the strength of a country’s system of laws. For countries like St Kitts and Nevis which offer CBI programmes, having favourable laws that are applied fairly is important because it enhances their capacity to attract more investors while upholding the integrity of their CBI initiatives.

Rule of law refers to the mechanisms, processes and institutional practices that support the equality of all persons before a country’s laws. This implies that the creation and enforcement of laws must be legally regulated so that no one is above the law. In countries where the rule of law is strong, the application and adjudication of the law by governing officials are impartial. On the other hand, a weak rule of law is characterised by the consideration of class, economic or political status and relative power in the application of the law.

St Kitts and Nevis ranked 40 out of 139 countries in the 2021 Rule of Law Index. In the year 2022, the country ranked 39 out of 140 countries, indicating a slight increase. At a regional level, consisting of 32 countries in the Latin America and Caribbean region; St Kitts and Nevis was ranked 7th and 5th in 2021 and 2022 respectively.  The rule of law index measures how the rule of law is perceived and experienced globally. Rankings in the index are based on the following pillars:

  • Constraints on government powers;
  • Absence of corruption;
  • Open government;
  • Fundamental rights;
  • Order and security;
  • Regulatory enforcement;
  • Civil justice; and
  • Criminal justice.

The first pillar measures the extent to which those who are in governing positions are bound by the law. Various checks such as the existence of a free and independent press, the limitation of government powers by the legislature or the judiciary as well as the independent auditing of government activities determine government powers. In 2022, St Kitts and Nevis had a global ranking of 45 out of 140 and a regional ranking of 7 out of 32 on the constraints of government powers.

With regards to the absence of corruption, St Kitts and Nevis scored a global ranking of 41 out of 140 and a regional ranking of 7 out of 32 in the year 2022. These ratings indicate that the prevalence of bribery, informal payments and embezzlement of public funds is significantly low in the judicial, military and law enforcement spheres.

The third pillar which is open government, measures the openness of a government. This is principally indicated by the extent to which a government shares information, encourages citizen participation in policy-making and is held accountable. Globally, St Kitts and Nevis was ranked 86 out of 140 whereas regionally, it was ranked 23 out of 32.

In St Kitts and Nevis, individuals are free from discrimination based on socio-economic status, gender, ethnicity, sexual orientation or religion. In addition to this, the right to life of a person and fundamental labour rights are effectively guaranteed. These observations are supported by St Kitts and Nevis’s global ranking of 35 out of 140 and a regional ranking of 7 out of 32 on the fundamental rights factor.

When it comes to order and security, St Kitts and Nevis was ranked 49 out of 140 globally, and an impressive 4 out of 32 regionally. This indicator is particularly important for investors who want to settle in the country without having to worry much about their security. Rating highly in this pillar means that in St Kitts and Nevis, the prevalence of common crimes such as homicide, kidnapping, armed robbery and theft is low. It also means that people in the country are considerably protected from civil conflict and terrorism.

The enforcement of labour, environmental, consumer and public health regulations has an implication on a country’s rule of law. In the regulatory enforcement pillar, St Kitts and Nevis had a global and regional rating of 34 out of 140 and 2 out of 32 respectively. The ratings indicate that in St Kitts and Nevis, government regulations are applied and enforced without improper influence.

St Kitts and Nevis ranked high in the civil and criminal justice pillars of the rule of law index. For the year 2022, the country ranked 24 out of 140 in civil justice, and 36 out of 140 in criminal justice. Regionally, St Kitts and Nevis occupied the 2nd position out of 32 in civil justice and 5th position out of 32 in criminal justice. People living in the country can access and afford civil as well as criminal justice compared to other countries in the world. This also means that these two systems are relatively free of discrimination, improper political influence, corruption and unreasonable delays among other hindrances.

The rule of law is particularly important for investors because it has a bearing on property rights. St Kitts and Nevis have the rule of law embedded in their CBI programmes. This gives investors a guarantee that their property rights are upheld at all times. The comparatively high rule of law index ranking, along with a strict due diligence process make St Kitts and Nevis a great choice for investments through CBI programmes.

Earlier this year, the St Kitts and Nevis government formally established the Citizenship by Investment Unit (CIU) Board of Governors. This body advises the Prime Minister on the management, operation, reviewing and monitoring of the development of CBI policies. A technical committee that is in charge of ensuring due diligence checks are completed on all CBI applications was also established by the government. St Kitts and Nevis, which has the world’s longest-standing CBI programme in the world has been setting the standard in the CBI industry for decades. The dual island was ranked top in terms of its meticulous commitment to due diligence according to the 2022 CBI Index.

Chantal Mabanga
PR St. Kitts and Nevis
+44 (0) 207 318 4343
chantal.mabanga@csglobalpartners.comGlobeNewswire Distribution ID 8842858

GlobeNewswire Distribution ID 8842858

RIB Software launches free-to-use RIB Carbon Quantifier for optimized carbon quantification in construction

RIB Software launches free-to-use RIB Carbon Quantifier for optimized carbon quantification in construction.RIB Software, a leading multinational provider of innovative technology solutions to the architecture, engineering, and construction (AEC) industries, has partnered with non-profit organization, Building Transparency, to develop the RIB Carbon Quantifier. Through a direct link with Building Transparency’s Embodied Carbon in Construction Calculator (EC3), the application allows users to quickly, easily and consistently allocate carbon environmental product declaration (EPD) values against their imported estimate data, including resource quantities.

RIB Software launches free-to-use RIB Carbon Quantifier for optimized carbon quantification in construction.

RIB Software, a leading multinational provider of innovative technology solutions to the architecture, engineering, and construction (AEC) industries, has partnered with non-profit organization, Building Transparency, to develop the RIB Carbon Quantifier.

Through a direct link with Building Transparency’s Embodied Carbon in Construction Calculator (EC3), the application allows users to quickly, easily and consistently allocate carbon environmental product declaration (EPD) values against their imported estimate data, including resource quantities.

This comes as studies highlight the industry’s impact on the environment, with construction constituting a staggering 39% of global greenhouse gas emissions and accounting for 36% of global energy demands.

René Wolf, Chief Executive Officer at RIB Software, says there is a growing need to reduce carbon emissions within the engineering and construction sector to combat the damaging effects of climate change.

“Until recently, the construction industry’s response to reducing building-related emissions has focused on energy efficiency by reducing operational emissions – the energy used to heat, cool and light buildings.

“While previously effective, this approach overlooks embodied carbon emissions associated with material and construction processes across a building’s lifecycle, which represents a quarter of the carbon emitted during the life of a building and 11% of all global carbon emissions.

“It is therefore critical to increase efforts to quantify, monitor, evaluate and ultimately reduce the embodied carbon emitted throughout the lifecycle of a construction project – and the driving factor for why RIB Software developed the Carbon Quantifier application,” explains Wolf.

Through a seamless integration with Building Transparency’s premier, free-to-use EC3 tool, the RIB Carbon Quantifier application is set to be the first of its kind in the industry to assist the built environment in extracting and quantifying embodied carbon data more quickly and efficiently, optimizing carbon quantification and reducing estimate delivery times.

Through this powerful partnership of technology, industry professionals will now have access to an additional toolset to optimize the efficiency in the quantification and measurement of carbon, thus better facilitating design and procurement decisions, helping the global AEC industry in achieving a lower embodied carbon footprint.

Stacy Smedley, Executive Director of Building Transparency, says reducing embodied carbon emissions is one of the biggest opportunities in the fight against global warming. “Partnerships, like ours with RIB Software, are critical to driving action in the building sector and identifying new solutions that make it easier to prioritize low-carbon decision-making on projects. It’s exciting to have our EC3 data and its large carbon impact database be utilized and leveraged for tools like the RIB Carbon Quantifier.”

The primary features of the RIB Carbon Quantifier include the easy extraction of embodied carbon data from Building Transparency’s EC3 database against estimates; keeping a repository of each estimate’s embodied carbon data for cross-referencing and facilitating easier allocation of carbon values for future projects; the ability to easily export aligned quantified data back to EC3 for analytics, reporting and dashboarding; and providing users with a direct integration with other estimating products within the RIB portfolio of products.

Wolf says the need to accelerate decarbonization practices in the AEC industry is critical, and using an application like the RIB Carbon Quantifier will not only allow users to optimize carbon quantification, but will ensure they avoid unnecessary energy spent and emissions generated from associated projects and processes.

“At RIB, we are driven by transformative digital technologies, industry best-practice and trends that help propel the industry forward and make engineering and construction more efficient and sustainable,” he concludes.

For more information about the RIB Carbon Quantifier, email cq@rib-software.com or visit rib-software.com/en/home/carbon-quantifier

Press Enquiries

Kim Immelman
kim.immelman@rib-software.com

Attachment

Kim Immelman

GlobeNewswire Distribution ID 1000810903

VNGGames, one of key business segments of VNG Corporation, continues its international publishing strategy with its new Taipei studio

VNGGames continues its international publishing strategy with its new Taipei studio

VNGGames’s latest studio officially launches in Taipei to explore new opportunities and leverage local resources

HO CHI MINH CITY, Vietnam, May 19, 2023 (GLOBE NEWSWIRE) — VNG continues its international expansion with its new offices in Taipei with thirty-five employees.

Taipei is the next city for VNGGames to establish a publishing presence after Bangkok, Kuala Lumpur, Jakarta, Shanghai, and Beijing. Prior to the official grand opening on May 19, 2023, VNGGames already had a small team in the city exploring publishing opportunities and have published several games since June 2021.

Taipei is an attractive city for game publishers due to its depth of talent, strong infrastructure, and large gamer community. Being a newer entrant, VNGGames is entering a highly competitive market but this is both a challenge and an opportunity as it will be leveraging broad regional resources to establish itself as a game publisher in Taipei.

“Taipei is important for our strategy to go global as it is a key market for role-playing games (RPG), which has been a core part of VNGGames’s DNA since founding” shared by Kelly Wong, Vice President of Game Entertainment. “With the new office, we have obviously made a strong statement that we are committed to both the market and the team that we have assembled.”

Wong highlighted that the talent pool in Taipei is one of the reasons leading to the establishment of the Taipei office. The professionalism and depth of knowledge of games has helped VNGGames to grow its business not only in Taipei, but also across different countries in Asia.

VNGGames first entered the market with the launch of Gunny Origin in 2022, which ranked number 2 in the highest-grossing iOS games in Taipei. The success had laid the groundwork for VNGGames to scale up its game-publishing business in the region and accelerated its plans to build a permanent presence in Taipei.

“For the long-term goal, we aim to be the top-tier game publisher in the Taipei market,” stated Chu Cheng Yuan, Head of the VNGGames, Taipei Studio.

Besides Taipei, VNGGames has plans to continue its expansion into additional markets, such as Southeast Asia, Latin America and the Middle East. So far, the company has successfully published 41 games across the international markets. VNGGames has also invested in several studio games, aiming to bring its own games internationally.

About VNGGames

VNGGames is a leading game publisher headquartered in Vietnam and part of VNG Corporation (a leading technology company in Vietnam) and aims to bring high-quality, entertaining content to its gamers across the world. VNGGames invests and collaborates with developers across the world and brings localized content for gamers in Southeast Asia and has plans to expand its publishing capabilities internationally.

About VNG

Founded in 2004, VNG is the leading technology company in Vietnam, pioneering the development of a diverse ecosystem of technological products that improve the lives of hundreds of millions of domestic users. After 18 years of operation, VNG now employs nearly 5,000 people across 12 cities 9 different countries. In addition to its core products such as online games, social platforms, online payment, and cloud computing, VNG has increased its investment in digital business and artificial intelligence.

For further inquiries, please contact:
(Ms.) Le Thi Thu Van PR Specialist at VNG
Email: vanltt3@vng.com.vn
Tel: 0903 86 70 71

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/48e70a5c-7483-446b-b736-b63f12efb8ed

GlobeNewswire Distribution ID 8842802

Webull Securities (Singapore) Pte. Ltd. Celebrates First Anniversary and Continues to Expand Across Asia-Pacific

SINGAPORE, May 19, 2023 (GLOBE NEWSWIRE) — Webull Securities (Singapore) Pte. Ltd. (“Webull Singapore“), a subsidiary of Webull Corporation (“Webull”), is proud to announce that it has achieved significant growth and expansion since its launch on 21 May 2022. Webull has over 17 million users globally and is one of the leading online trading platforms in the United States. Webull Singapore has grown its user base significantly in the past year, surpassing 200,000 users by the end of its first year.

“On our first anniversary, we are proud of our achievements, and we would like to express our gratitude to our loyal clients and dedicated staff who have made this milestone possible,” said Bernard Teo, CEO of Webull Singapore and Head of Asia-Pacific for Webull. “We will continue to enhance our trading platform and introduce new products to benefit our users.”

Webull Singapore’s mission is to provide traders with the best trading experience by offering low-commission trading, world class technology, real-time quotes and a wealth of educational resources. The company launched Moneybull, a wealth management tool designed to help customers earn a yield on idle cash, for margin accounts in March 2023, and China-A Shares in April 2023, offering new opportunities for investors interested in the Chinese market. Webull Singapore will unveil its Regular Savings Plan, allowing users to effortlessly engage in dollar-cost averaging for their investments on 21 May.

Webull is constantly pursuing opportunities to expand its business in Asia-Pacific, with new business launches in Australia in December 2022 and Japan in April 2023. Last month, Webull received Approval-In-Principle for a Capital Markets Services Licence in Malaysia. Webull is focused on providing additional investment products and tools for the benefit of its clients and expanding its presence in the Asia-Pacific region.

The Webull trading platform can be accessed on both mobile and desktop. The mobile application can be downloaded through the Apple App Store and the Google Play Store, and the desktop application can be downloaded through Webull Singapore’s website at https://www.webull.com.sg.

For more information about Webull Singapore, please visit Webull Singapore’s website at https://www.webull.com.sg. For media inquiries, please contact pr@webull.com.

About Webull

Webull is a leading digital investment platform built on next-generation global infrastructure. Webull serves tens of millions of users from over 180 countries, providing retail investors with 24/7 access to financial markets worldwide. Users can put investment strategies to work by trading global stocks, ETFs, options and fractional shares, through Webull’s trading platform, which is currently available in the United States, Hong Kong, Singapore, Australia, South Africa and Japan.

GlobeNewswire Distribution ID 8842235