Daily Archives: September 24, 2021

Webtel.mobi to Announce Details of Potentially Sector-Influencing Facilities, in the Coming Weeks

WM’s Suite of Products includes multiple Facilities potentially influencing a number of sectors – including some of the most valuable worldwide

Tel.mobi Group’s TUVs

Examples of Tel.mobi Group’s TUVs in relation to a variety of currencies – CHF, EUR, GBP and USD’

ST PETER PORT, Guernsey and NEW YORK, Sept. 24, 2021 (GLOBE NEWSWIRE) — Webtel.mobi (“WM”) – the Global Telephony Company that recently announced its recommencement of unrestricted global operations – is in the process of making details of the various facilities in its product suite publicly available.

WM recently issued releases regarding its TUV Digital Currency, its TUV Digital Currency Transfers Facility and its ICLM Transfers Facility, the capacities of which render current Cryptocurrencies redundant, supersede the requirement for CBDCs and provide two fully operational alternatives to the SWIFT system and other international and national transfers systems.

These are, however, only three of the more than 40 Facilities within WM’S product suite that have the potential to provide strategic impact or sector-influencing impact, across some of the largest markets in the world by volume and value.

In the coming weeks, WM will announce details on how its Facilities will influence the Global Offline Payments sector, the Global Online Payments Sector, the Global FX Market, and various other markets.

In order to create a system in which Digital Currencies could function on a global basis – and in a manner that did not infringe of the currency sovereignty and monetary policies of Central Banks or States – WM spent nine years testing and refining its system in fully-operation, but restricted, global operations.

It then took down its Platform 1, via which it executed its testing, and rebuilt from scratch its refined Platform 2 – to carry out unrestricted global operations. Platform 2 – which took three years to rebuild – incorporates all of the lessons learnt in the global testing, and is fully compliant with all regulations applicable to a telephony company in the ITSP sector, that provides services to a members-Only Closed-Loop system.

WM’s Platform 2 is powered by an Artificial Intelligence system known as an Adaptive Complex System. The Adaptive Complex System – referred to as “HAL” within WM – exponentially amplifies WM’s capacities across all operational, management, administered and expansion aspects of its business.

WM expands its business worldwide by means of Affiliates – known as VSMPs or Virtual Specialized Mobile Providers. It provides existing companies or entities with their own versions of WM at zero cost and zero personnel, and with zero marketing or support requirements from them. It also provides them with 10% of the net revenue from their Affiliate. In return, the VSMPs sends or provides WM’s retail marketing directly to their existing client bases.

This program is known as the TEL.mobi Group Global Alliance – and, prior to even the recommencement of unrestricted global operations, companies, and other entities with cumulative over 288 million members had obtained VSMPs and become members of the TMG Global Alliance. Due to this methodology, WM does not ever have to execute expensive media or marketing campaigns to expand internationally. It rather expands exponentially through zero-cost co-operative marketing via the entities that acquire VSMPs.

WM had its entire system reviewed by the Levy Economics Institute and its Head of Research prior to it recommencing unrestricted global operations, and it has now made videos of an interview with the Head of Research at the Levy Economics Institute – Professor Jan Kregel – available for public review.

Media Contact:
Nick Lambert: wm@thoburns.com

Interview with Professor Jan Kregel on the WM System:
https://youtu.be/XYBrCikUhn8  (Full Interview (+/- 34 minutes)
https://youtu.be/J3BkZylb04s (Interview Extracts +/- 11 minutes)

Research Reports on the WM Global Clearing System:
https://tinyurl.com/TUVresearch

The TEL.mobi Group Global Alliance:
https://webtel.mobi/pc/info/tmg-global-alliance/

WM’s urls
https://webtel.mobi/pc (Tablets / Laptops / Desktops)
https://webtel.mobi (Smart Phones)
https://webtel.mobi/wap (Pre-Smart Mobile Phones)

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/dbdd2338-6a70-456a-a005-eb89be0c5a21

https://www.globenewswire.com/NewsRoom/AttachmentNg/170c36ce-351c-4a58-93ef-7bc67619e4b9

https://www.globenewswire.com/NewsRoom/AttachmentNg/32639e88-fa74-408e-aa7a-7e832b04b5b1

https://www.globenewswire.com/NewsRoom/AttachmentNg/a0e6ea0c-f379-49a3-a000-c606282a0c38


AKWEL: NET EARNINGS OF €38 M IN H1 2021

        Thursday 23 September 2021

NET EARNINGS OF €38 M IN THE H1 OF 2021

AKWEL (FR0000053027, AKW, PEA-eligible), the automotive and HGV equipment and systems manufacturer specialising in fluid management and mechanisms, published its 2021 half-yearly results.

Consolidated data – in € millions 30.06.2021 30.06.2020 Var. in %
Revenue 487.6 387.0 +26.0%
EBITDA 64.7 60.0 +7.9%
Current operating income 50.0 24.3 +105.8%
Current operating margin 10.3% 6.3% +4.0 pts
Operating income 50.7 25.3 +100.9%
Financial income (0.6) (1.0) -36.8%
Net result (group share) 38.0 20.2 +88.1%
Net margin 7.8% 5.2% +2.6 pts

In the first half of 2021, AKWEL recorded consolidated revenue of €487.6 m, up 26.0% on 2020 and 33.7% at a constant scope and exchange rates, but it is still down nearly 14% compared to the same period of 2019. The Group’s business was adversely affected – like the sector as a whole – by major supply difficulties in commodities and electronic components.

EBITDA reached €64.7 m, up 7.9%, and current operating income more than doubled to €50.0 m. The net income Group share was €38.0 m, up €88.1%.

Free cash flow generation remained strong at €44.4 m compared to €51.5 m in the first half of 2020.

In a context of reduced visibility on market, AKWEL expects at best a slight increase in its activity over the financial year as a whole compared to 2020, but significantly down versus 2019. Operating profitability is expected to decline in 2021, adversely affected by production disruptions and increases in costs related to supply problems.

Confident in the solidity of its model and the relevance of its strategic choices, AKWEL will continue its investments in commercial development and new mobility solutions, particularly electric and hydrogen, and continue to roll out its partnership with Tallano on braking particles.

An independent, family-owned group listed on the Euronext Paris Stock Exchange, AKWEL is an automotive and HGV equipment and systems manufacturer specialising in fluid management and mechanisms, offering first-rate industrial and technological expertise in applying and processing materials (plastics, rubber, metal) and mechatronic integration.

Operating in 20 countries across every continent, AKWEL employs almost 10,500 people worldwide.

Euronext Paris – Compartment B – ISIN: FR0000053027 – Reuters: AKW.PA – Bloomberg: AKW:FP

Attachment


Pricing of CNH Industrial Capital Canada Ltd. CAD$ 300 million notes

London, September 23, 2021

CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) today announced that its indirect wholly owned subsidiary, CNH Industrial Capital Canada Ltd., has priced CAD$ 300 million in aggregate principal amount of 1.50% notes due October 1, 2024, with an issue price of 99.936%. The notes are being offered on a private placement basis to certain accredited investors in each of the provinces of Canada, which offering is expected to close on September 28, 2021, subject to the satisfaction of customary closing conditions.

CNH Industrial Capital Canada Ltd. intends to add the net proceeds from the offering to its general funds and use them for working capital and other general corporate purposes, including, among other things, the purchase of receivables or other assets in the ordinary course of business. The net proceeds may also be applied to repay CNH Industrial Capital Canada Ltd.’s indebtedness as it becomes due.

The notes, which are senior unsecured obligations of CNH Industrial Capital Canada Ltd., will pay interest semi-annually on April 1 and October 1 of each year, beginning on April 1, 2022, and will be guaranteed by CNH Industrial Capital LLC, CNH Industrial Capital America LLC and New Holland Credit Company, LLC, each an indirect wholly owned subsidiary of CNH Industrial N.V.

The securities offered in the private placement have not been and will not be qualified for sale to the public under applicable securities laws in Canada and, accordingly, any offer and sale of the securities in Canada will be made on a basis which is exempt from the prospectus requirements of such securities laws.

The securities offered in the private placement have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or applicable state securities laws. Accordingly, the securities may not be offered or sold in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirements of the Securities Act and such applicable state securities laws.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any of these securities, nor shall there be any sale of these securities, in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful. This press release is being issued pursuant to and in accordance with Rule 135c under the Securities Act.

 Contacts:

Corporate Communications

Email: mediarelations@cnhind.com

Investor Relations

Email: investor.relations@cnhind.com

Attachment

PM announces rent waiver, extension of moratorium on rental payments for PPR units

PUTRAJAYA, Sept 24 – Prime Minister Datuk Seri Ismail Sabri Yaakob today announced several initiatives under the Malaysian Family welfare agenda on housing, including rent waiver for affected groups and extension of the moratorium on rental payments for the People’s Housing Project (PPR).

When launching the Malaysian Family Housing Initiative known as “Rumah Ikram Keluarga Malaysia” here, Ismail Sabri also announced that the number of units under the project had been doubled to 2,000 from the initial 1,000, enabling it to benefit some 10,000 needy occupants.

Rumah Ikram Keluarga Malaysia is being made available in PPR areas in Kuala Lumpur, Selangor, Kedah, Kelantan and Johor at a minimum monthly rent of RM124 for a maximum two-year period.

Rumah Ikram Keluarga Malaysia will provide shelter to groups who have lost their sources of income or whose incomes have been affected by the COVID-19 pandemic to the extent of being unable to pay high rentals for houses.

To ease the stress and burden on recipients of Rumah Ikram Keluarga Malaysia, Ismail Sabri said they would enjoy rental exemption of up to six months beginning from the date of handing over of keys for their units.

“This rental waiver will be borne by the government, involving an allocation of more than RM3 million,” he added.

Ismail Sabri also announced that the programme on moratorium on rental payments for existing PPR occupants under the supervision and management of the Housing and Local Government Ministry (KPKT) will be extended until the end of 2022.

This would benefit about 10,000 households or 50,000 occupants of PPR, involving a financial implication of RM18.84 million for the government, he said.

“These are part of our efforts and initiatives for the Malaysian Family who need assistance,” he said.

Ismail Sabri said the housing agenda would continue to be the main focus of the government, especially in the provision of affordable housing for the Malaysian Family.

Affordable housing programmes such as PPR, PR1MA Housing and Malaysian Civil Servants’ Housing (PPAM) would continue to be strengthened and improved to ensure that the people would have a roof over their heads, he said.

He said KPKT would undertake more strategic planning and implementation of housing programmes so that these units could be built in a short period and yet remain affordable to Malaysians.

He said vulnerable groups, youths and the younger generation wishing to have comfortable and quality housing would also be helped in line with the Liveable Malaysia agenda, the details of which would be announced during the tabling of the 12th Malaysia Plan and Budget 2022.

Source: BERNAMA News Agency

PM announces rent waiver, extension of moratorium on rental payments for PPR units

PUTRAJAYA, Sept 24 – Prime Minister Datuk Seri Ismail Sabri Yaakob today announced several initiatives under the Malaysian Family welfare agenda on housing, including rent waiver for affected groups and extension of the moratorium on rental payments for the People’s Housing Project (PPR).

When launching the Malaysian Family Housing Initiative known as “Rumah Ikram Keluarga Malaysia” here, Ismail Sabri also announced that the number of units under the project had been doubled to 2,000 from the initial 1,000, enabling it to benefit some 10,000 needy occupants.

Rumah Ikram Keluarga Malaysia is being made available in PPR areas in Kuala Lumpur, Selangor, Kedah, Kelantan and Johor at a minimum monthly rent of RM124 for a maximum two-year period.

Rumah Ikram Keluarga Malaysia will provide shelter to groups who have lost their sources of income or whose incomes have been affected by the COVID-19 pandemic to the extent of being unable to pay high rentals for houses.

To ease the stress and burden on recipients of Rumah Ikram Keluarga Malaysia, Ismail Sabri said they would enjoy rental exemption of up to six months beginning from the date of handing over of keys for their units.

“This rental waiver will be borne by the government, involving an allocation of more than RM3 million,” he added.

Ismail Sabri also announced that the programme on moratorium on rental payments for existing PPR occupants under the supervision and management of the Housing and Local Government Ministry (KPKT) will be extended until the end of 2022.

This would benefit about 10,000 households or 50,000 occupants of PPR, involving a financial implication of RM18.84 million for the government, he said.

“These are part of our efforts and initiatives for the Malaysian Family who need assistance,” he said.

Ismail Sabri said the housing agenda would continue to be the main focus of the government, especially in the provision of affordable housing for the Malaysian Family.

Affordable housing programmes such as PPR, PR1MA Housing and Malaysian Civil Servants’ Housing (PPAM) would continue to be strengthened and improved to ensure that the people would have a roof over their heads, he said.

He said KPKT would undertake more strategic planning and implementation of housing programmes so that these units could be built in a short period and yet remain affordable to Malaysians.

He said vulnerable groups, youths and the younger generation wishing to have comfortable and quality housing would also be helped in line with the Liveable Malaysia agenda, the details of which would be announced during the tabling of the 12th Malaysia Plan and Budget 2022.

Source: BERNAMA News Agency

PM announces rent waiver, extension of moratorium on rental payments for PPR units

PUTRAJAYA, Sept 24 – Prime Minister Datuk Seri Ismail Sabri Yaakob today announced several initiatives under the Malaysian Family welfare agenda on housing, including rent waiver for affected groups and extension of the moratorium on rental payments for the People’s Housing Project (PPR).

When launching the Malaysian Family Housing Initiative known as “Rumah Ikram Keluarga Malaysia” here, Ismail Sabri also announced that the number of units under the project had been doubled to 2,000 from the initial 1,000, enabling it to benefit some 10,000 needy occupants.

Rumah Ikram Keluarga Malaysia is being made available in PPR areas in Kuala Lumpur, Selangor, Kedah, Kelantan and Johor at a minimum monthly rent of RM124 for a maximum two-year period.

Rumah Ikram Keluarga Malaysia will provide shelter to groups who have lost their sources of income or whose incomes have been affected by the COVID-19 pandemic to the extent of being unable to pay high rentals for houses.

To ease the stress and burden on recipients of Rumah Ikram Keluarga Malaysia, Ismail Sabri said they would enjoy rental exemption of up to six months beginning from the date of handing over of keys for their units.

“This rental waiver will be borne by the government, involving an allocation of more than RM3 million,” he added.

Ismail Sabri also announced that the programme on moratorium on rental payments for existing PPR occupants under the supervision and management of the Housing and Local Government Ministry (KPKT) will be extended until the end of 2022.

This would benefit about 10,000 households or 50,000 occupants of PPR, involving a financial implication of RM18.84 million for the government, he said.

“These are part of our efforts and initiatives for the Malaysian Family who need assistance,” he said.

Ismail Sabri said the housing agenda would continue to be the main focus of the government, especially in the provision of affordable housing for the Malaysian Family.

Affordable housing programmes such as PPR, PR1MA Housing and Malaysian Civil Servants’ Housing (PPAM) would continue to be strengthened and improved to ensure that the people would have a roof over their heads, he said.

He said KPKT would undertake more strategic planning and implementation of housing programmes so that these units could be built in a short period and yet remain affordable to Malaysians.

He said vulnerable groups, youths and the younger generation wishing to have comfortable and quality housing would also be helped in line with the Liveable Malaysia agenda, the details of which would be announced during the tabling of the 12th Malaysia Plan and Budget 2022.

Source: BERNAMA News Agency

Traders heave a sigh of relief as Johor enters Second Phase of PPN

JOHOR BAHRU, Sept 24 — Traders at a popular shopping mall in the city can now breathe a sigh of relief as the public began patronising their permises on the first day of Johor’s transition to Phase Two of the National Recovery Plan (PPN) today.

The owner of Hj Wahid Mee Rebus restaurant, Abdul Halim Wahid, said he was expecting more customers on weekends as those who have been fully vaccinated can now travel inter-district.

“Previously, people might be afraid or hesitant to go out, but after Johor entered the second phase, we hope that more customers will come,” the 65-year-old trader, who has been doing business for about 24 years told Bernama, here today.

For a 44-year-old shoe store owner, Lim Kang Wei, he hoped that the relaxation of the standard operating procedure (SOP) in Phase Two of PPN will to some extent help him to revive his business which has been affected by the pandemic over the past three months.

“However, at the same time, we also hope to receive foreign tourists, especially from Singapore, as Johor Bahru city is also a shopping destination for Singaporeans,” he added.

Meanwhile, checks by Bernama found that the public was seen shopping with their children and eating at the food court and food outlets as early as 10 am.

Nur Syairah Mohd Khalid, 28, said she took the opportunity to do some shopping with her family after months of being holed up at home.

“I also plan to bring my family for a holiday at a nearby destination…Alhamdulillah, Johor has entered phase two, many sectors have been allowed to resume operations under the new norms,” she said.

Source: BERNAMA News Agency