New York, NY, Oct 1, 2021 - (ACN Newswire via SEAPRWire.com) - Amnext brings a revolution in classic saving methods by launching multiple No Loss Prize Pools where users can easily save Cryptocurrencies and gain the possibility to earn direct and passive incomes with lower risks.Amnext is solving the ever-evolving issues of standard lottery systems which are created to produce profit without considering the negatives they bring. For example, CNBC reported that in the United States, "Spending on lotto tickets adds up to about $1,038 each year per consumer, according to a recent survey commissioned by Bankrate of over 2,300 U.S. adults". (Leonhardt, 2019)1. A study conducted by Ann Carnahan talks about Compulsive Gambling in lotteries: "There is growing evidence that the new games the lotteries have introduced to increase sales are more addictive, and are compounding the problem of compulsive gamblers. Dr. Lance Dodes, Director of the Center for Problem Gambling at Mt. Auburn Hospital in Cambridge Massachusetts, estimates that 40% of his patients are lottery players."This is something that Amnext has set out to solve.The No Loss Prize Pools has been developed on the Binance Smart Chain, bringing to the world a fun and easy way to save money and gain profits. The creators combined the power of Blockchain and DeFi with a Lottery to create something unique and helpful for saving money and winning at the same time.The platform allows all individuals the possibility of earning passive income through multiple methods. The first method is the AMC Machine, which provides a standard high-interest yield in $AMC tokens. The second one lets users save money by depositing funds into the No Loss Prize Pools and receiving back No Loss Tickets, which entitle them to win prizes until they decide to withdraw the funds. Thus, the lucky winners get the pool prizes and their tickets back at the end of each prize draw. However, this game is unique because players who don't win also get their tickets back. Thus, everyone involved keeps their money safe. The Amnext Prize Pools uses a smart system to fund the prizes, the funds deposited earn interest in staking pools and at the end of each day, it is accrued to generate the jackpots. The third feature that has been designed is the Lifetime Lottery system. This allows investors to buy lifetime tickets and create affiliate networks that bring them direct and passive incomes. Something unique and straightforward happens; the participants acquire an infinite chance to win and the right to participate in the lottery drawings forever.Features Overview No Loss Prize Pool: The No Loss Prize Pool is composed of pools of funds whose accrued interest is distributed as prizes. The concept is well-established and otherwise known as "Prize Linked Savings Account". All prize games created by the protocol share the same fundamental characteristics. Lifetime Ticket: Lottery tickets that are valid for life. Users can buy lifetime tickets and get the opportunity to win grand prizes for the rest of their life as well as gain profits thanks to the articulated network marketing system. Yield Sources: Amnext has a staking protocol named AMC Machine; it is used as the yield prize generator for the AMC Lifetime Pool and the primary AMC No Loss Prize Pool. Other Prize Pools use the Venus Protocol yield sources and the PancakeSwap syrup pool as yield prize generators. Loot Box: The Loot Box is an incentive in AMC tokens, added to the Grand Prizes of the Prize Pools. The Loot Box is generated from 20% of the AMC minted per block. AMC Machine: Users can stake AMC Tokens and generate more AMC to increase their profits significantly. Fabio Pizzingrilli, the CEO said, "The Amnext ecosystem is built around two concepts; change the entire lottery system and offer people around the world a safe and easy way to save money and earn profits."Media ContactCompany: AmnextContact: Fabio PizzingrilliTwitter: @FabioPizzin | @OfficialAmnextTelegram: @amnext_officialEmail: info@amnext.ioWebsite: https://amnext.io Copyright 2021 ACN Newswire. All rights reserved. (via SEAPRWire)
HONG KONG, Aug 31, 2021 - (ACN Newswire via SEAPRWire.com) - Value Convergence Holdings Limited ("VC Holdings", together with its subsidiaries, the "Group"; Stock Code: 0821.HK), a well-established and one- stop financial services institution in Hong Kong, is pleased to announce its interim results for the six months ended 30 June 2021 ( the "Reporting Period").During the Reporting Period, the Group successfully achieved a business turnaround, with its total revenue significantly increasing by 35.6% to approximately HK$37.8 million as at 30 June 2021 (1H2020: HK$27.9 million). The Group recorded a profit attributable to owners of the Company of approximately HK$ 101.1 million for the Reporting Period as compared to that of a loss of approximately HK$54.8 million for the same period last year. Basic earnings per share were HK5.93 cents (1H2020: Basic loss per share of HK4.45 cents).Mr. Peter Fu, Chairman and Executive Director of Value Convergence Holdings Limited, said, "VC Holdings has always been dedicated to offering premier financial services and products that fulfil various investment and wealth management needs of clients in the Great China region. Benefiting from the outperforming financial market in the first half of 2021, the Group achieved breakthroughs in several business segments and recorded a remarkable increment in revenue. During the Reporting Period, the Group achieved a turnaround, mainly attributable to the increase in revenue of approximately HK$10.5 million, mainly from interest income generated from margin financing and money lending businesses. Meanwhile, a net realised and unrealised gain in financial assets at fair value through profit or loss of approximately HK$79.4 million (1H 2020: net realised and unrealised loss of approximately HK$22.2 million) and reversal of impairment loss on accounts receivables of approximately HK$27.7 million (1H 2020: additional impairment loss of approximately HK$12.1 million) were recorded in the Reporting Period, both attributable to the remarkable appreciation of market values in securities held-for-trading by the Group and from clients as collateral." Business OverviewFinancial service businessThe financial service business remained the Group's core business and contributed approximately 88% of the Group's total revenue. The business segment recorded a 46% year-on-year growth in revenue, driven by the Group's effort in providing multiple premium financing businesses to address clients' needs and broadening the revenue base to enhance its profitability. The Group continued to provide local and overseas securities dealing, futures and options trading, derivatives and other structured products trading, placement and underwriting, margin financing and money lending, etc. Regconising the importance of financial technology, the Group strived to optimise its online securities transaction services, meanwhile actively enhancing user experience through refining its operating system. Leveraging VC Capital Limited, its indirect wholly owned subsidiary, the Group continues to offer corporate finance advisory services, including mergers and acquisitions advisory and company secretarial services. Proprietary trading businessThanks to the fully-fledged revival of economic activities, there was a notable rebound of Hong Kong's capital market during the Reporting Period. As at 30 June 2021, the Group held equity securities listed in Hong Kong of approximately HK$358.4 million as financial assets held-for-trading, marking a 45% appreciation of market value as compared with that of 31 December 2020, mainly attributable to the gains from technology information and energy segments. OutlookDespite the global economy poised a stage to rebound in the first half of the year, the Delta variants still pose uncertainties to the financial market. In face of the market headwinds, the Group will continue to strengthen its financial business and optimise the operational efficiency to maintain its market position. In view of digital era, the Group is dedicated to embrace more disruptive technologies in hopes of offering users with better user experience and secured trading platform.Mr. Fu concluded, "We strive to enhance our financial services through adopting advanced technologies including but not limited to artificial intelligence, computing cloud and big data. Looking ahead, the Group will further strengthen its financial services in forms of addressing user experience and reinforcing security system together with expanding its businesses through integrating SaaS and FinTech, with the aim of improving its profitability, achieving operational efficiency alongside maintaining steady businesses development."About VC Holdings Limited Value Convergence Holdings Limited (Stock code: 0821.HK) was listed on the GEM board of Hong Kong Stock Exchange in 2001, and completed transfer of listing to the Main Board in 2008. Being a well-established financial services group committed to delivering premier financial services and products in the Great China region, the Group's services include (i) provision of financial services comprising securities, futures and options brokering and dealing, financing services, corporate finance and other advisory services, asset management and insurance brokerage; (ii) proprietary trading; and (iii) sale and distribution of healthcare products. Aiming to enhance user experience through integrating SaaS and FinTech in the securities industry, the Group intended to acquire SaaS-related business in 2021, further consolidating its own business and expanding its clientele.For more details, please visit www.vcgroup.com.hk. Copyright 2021 ACN Newswire. All rights reserved. (via SEAPRWire)
SINGAPORE - Applications for the Covid-19 Recovery Grant (Temporary) (CRG-T) will begin on Thursday (June 3) and end a month later on July 2. The grant, announced last Friday, is meant to assist lower- to middle-income workers who have been financially impacted by the latest Covid-19 restrictions. Eligible workers who have been placed on involuntary no-pay leave for at least a month from May 16 to June 30, or who have suffered an income loss of at least 50 per cent for at least a month over the same period, may apply for the CRG-T. Those eligible will receive a one-off payout of up to $700. CRG-T is a supplement to the existing Covid-19 Recovery Grant (CRG), which was launched on Jan 18 to support lower- to middle-income workers and self-employed people affected by the coronavirus pandemic, Finance Minister Lawrence Wong said at a press conference last Friday. In a statement on Monday, the Ministry of Social and Family Development (MSF) said the eligibility criteria for the CRG-T are similar to those of the CRG, with two key differences. First, CRG-T applicants must have income loss of at least 50 per cent for one month or be placed on involuntary no-pay leave for at least a month between May 16 and June 30. This compares with an average income loss of at least 50 per cent or involuntary no-pay leave for at least three consecutive months for CRG applicants. Second, CRG-T applicants do not have to show proof of job search or training, unlike CRG applicants. MSF said individuals cannot receive both the CRG and CRG-T concurrently, as CRG-T is meant for those who are not receiving support in June 2021. Likewise, individuals who are currently receiving support from other Covid-19 support schemes, such as the Covid-19 Driver Relief Fund, are not eligible for the CRG-T. In a Facebook post on Monday, Minister for Social and Family Development Masagos Zulkifli said: “The CRG-T adds to a suite of assistance schemes that the Government has introduced since last year, to support Singaporeans through the pandemic. “After one’s CRG-T assistance ends, CRG-T recipients could still qualify for CRG support if they continue to require help and meet the eligibility criteria.” Applications for CRG remain open until Dec 31. Under CRG-T, employees who are placed on involuntary no-pay leave for at least one month will receive a one-off payout of up to $700. Employees who are facing salary loss of at least 50 per cent for at least one month and self-employed people facing net trade income loss of at least 50 per cent for at least one month - compared with their average monthly net trade income in 2019 or 2020 - will receive up to $500. More details are available at this website. The CRG-T application portal will open at 9am on Thursday and close at 11.59pm on July 2. More on this topic Related Story New Covid-19 support measures for firms, workers during phase 2: How they may affect you Related Story S'pore will not dip into reserves to fund new Covid-19 support package, says Lawrence Wong
Poch has first PSG loss as Lille take top spot PARIS • Paris Saint-Germain suffered their first defeat under new coach Mauricio Pochettino, as lowly Lorient fought back to claim a dramatic 3-2 victory on Sunday, allowing Lille to go top of Ligue 1. Neymar, who has said he is in talks to extend his deal, which expires in June 2022, scored two penalties but the visitors conceded in added time to Terem Moffi. PSG drop to third, one point behind second-placed Lyon (46), with Lille a further two points ahead. AGENCE FRANCE-PRESSE Prince says player abuse 'must stop now' LONDON • Prince William has branded racist abuse directed at black footballers as "despicable", saying it "must stop now" after Manchester United's Marcus Rashford became the latest player to be targeted. Queen Elizabeth's grandson, who is the president of the Football Association, spoke out on Sunday after the Professional Footballers' Association accused social media companies of lacking the willingness to clamp down on racist posts. Last week, several players were also abused and the British royal said "those who choose to spread hate and division are held accountable for their actions". AGENCE FRANCE-PRESSE Gasly is sixth F1 driver to catch virus PARIS • French driver Pierre Gasly on Sunday became the sixth Formula One driver to test positive for Covid-19 but the AlphaTauri driver insisted he was "feeling OK" and was self-isolating at home. The 24-year-old tweeted his plan was to "continue to follow my training plan from home while I remain in isolation". He claimed a career first win at the Italian Grand Prix last season and finished 10th in the standings. The new season is set to start on March 28 in Bahrain. AGENCE FRANCE-PRESSE Heptathlete pushes on despite injury LONDON • Heptathlon world champion Katarina Johnson-Thompson will be out of action until next month after injuring an Achilles tendon in training at the end of last year but says the issue has not affected her plans for the Tokyo Olympics. The 28-year-old emerged as one of Britain's top gold medal prospects for Tokyo after winning the world title in Doha in 2019 ahead of Rio Games champion Nafi Thiam of Belgium. Johnson-Thompson said she was recovering back home in Liverpool and once her protective boot comes off this week, her plan was to head to her training base in Montpellier, France. REUTERS
SINGAPORE - Children with hearing loss will get dedicated support for the first time at a pre-school run by the Ministry of Education (MOE). The kindergarten, which starts operations next year, will teach sign language to children with moderate to profound hearing loss. The aim is for them to build basic language proficiency in Singapore sign language from a young age, so that they can also learn the same curriculum as their hearing peers. Besides having a dedicated sign language teacher, children will also have access to external speech and language therapists as well as services provided by audiologists in school. The centre, which will be located within Mayflower Primary School in Ang Mo Kio, will have a capacity of 120 children per cohort. It will take in seven to 10 children with hearing loss per level from 2022. Minister of State for Education Sun Xueling, who announced this provision on Thursday (Nov 12) during a visit to Mayflower Primary School, said: "We believe that the earlier the children with hearing loss come into contact with the Singapore sign language, the better their foundations in it. "It will help to build their confidence, and will also allow them to interact better with their peers." Ms Sun added: "Such a model allows greater inclusion in our education system. It allows our typically developing children to see and interact with children of different abilities." She said children with hearing loss will benefit from having regular interaction with their peers, as it can boost their confidence and help them socialise better. The other children will also be able to pick up sign language. More on this topic Related Story Special masks for teachers so deaf students can read their lips easily Related Story Generation Grit: Hearing loss didn't stop him from achieving musical success Currently pre-school children with hearing loss receive support from external providers like hospitals and centres which run early intervention programmes. Mayflower Primary School is the first primary school to take in children with moderate to profound hearing loss who use sign language. It started with six such children in 2018, and now has nine across the different levels. The MOE said that its kindergartens already provide support to children with mild developmental delays, who can learn in a group of 20 children. The ministry said that it will continue to meet the needs of children who require extra support, and help them have a smooth transition to the next phase of education. About four in 1,000 babies in Singapore are born with hearing loss each year. About one in 1,000 will have severe hearing loss. Information on the admission process for children with hearing loss to the MOE kindergarten in Mayflower Primary will be released in February 2021.