Month: October 2021

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Budget 2022: MOSTI to focus on experimental R&D – Dr Adham

PUTRAJAYA, Oct 30 — The Ministry of Science, Technology and Innovation (MOSTI) will place greater emphasis on experimental development by channelling funding to research and development (R&D), said its Minister Datuk Seri Dr Adham Baba.

According to him, it is to utilise the allocation of RM423 million from the government, announced in the Budget 2022, to MOSTI and the Ministry of Higher Education.

“MOSTI appreciates the government’s concern to drive R&D, especially at the experimental development research by industries, institutions of higher learning, and government research agencies.

“(R&D) activities will generate income through the commercialisation of local products and technologies,” he said in a statement today.

Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz, when tabling the 2022 Budget in the Dewan Rakyat yesterday, announced the allocation including RM295 million for public universities to continue playing a role in the research and innovation ecosystem as well as to encourage collaboration with industry.

To strengthen the MyStartup strategy programme by Cradle Fund Sdn Bhd, Dr Adham said his ministry will provide support at every stage of development and potential growth of the start-up companies.

He said a total of RM20 million was allocated to intensify efforts for the recovery and resilience of the companies involved.

Describing the Budget 2022 as a comprehensive input from all walks of life, he said MOSTI would stay committed to implementing various initiatives that had been formulated and focused on the goal of restoring the livelihood of the people.

“This is in line with the three focus areas of Budget 2022, namely 3R (recovery, resilience, and reform) which demonstrates the government’s concern for the Malaysian Family,” he said.

In this regard, Dr Adham said he will ensure that his staff and various agencies under MOSTI are always proactive to ensure that the programmes planned can be implemented for the benefit of the country.

Source: BERNAMA News Agency

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MOH making detailed study on National Mental Health Excellence Centre – Khairy

KUALA LUMPUR, Oct 30 — The Ministry of Health (MOH) is making a detailed study on the establishment of the National Centre of Excellence for Mental Health to minimise service gaps and further strengthen delivery of mental health services to the community.

Minister Khairy Jamaluddin said it is hoped that all efforts being carried out could be coordinated more effectively so that more individuals would come forward to seek help and treatment for their mental health problems.

“Lack of awareness and social stigma in mental health have prevented affected individuals from coming forward for help, treatment or intervention, and this is very unfortunate,” he said in his speech at the 2021 National Youth Convention + Asean ConnectKBK held online today.

He added that on realising the importance of mental health problems, the MOH launched the National Mental Health Strategic Plan 2020–2025 on Oct 10, which is a long-term policy provided to improve the country’s mental health services.

The strategic plan has outlined eight key scopes including improving governance and regulatory framework, strengthening the mental health control system, ensuring the availability and accessibility of comprehensive and quality mental health services, and strengthening mental health resources.

This also covers enhancement of cross-sectoral cooperation, promotion of mental well-being and health, strengthening preparedness during emergencies, crises and disasters, as well as suicide prevention.

He said most mental health problems faced by youths and teenagers were influenced by social factors such as bullying, risky behavior, substance abuse, low self-esteem, high expectation, anxiety and depression.

He said concerned over the issue of mental health among youths, the MOH has with the cooperation of agencies and non-governmental organisations, implemented various programmes among them, the Healthy Minds School Programme, Healthy Students Programme, Let’s TALK Healthy Minds, besides working with the Youth and Sports Ministry (KBS) in promoting mental health.

Source: BERNAMA News Agency

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Tourism tax exemption to revive ailing industry

KUALA LUMPUR, Oct 30 — The extension for tourism tax exemption until Dec 31 through the presentation of Budget 2022 in the Dewan Rakyat yesterday will help revive the tourism industry in the three Federal Territories.

Federal Territories Minister Datuk Seri Dr Shahidan Kassim said the exemption of entertainment duty in the entertainment sector including theme parks and cinemas in all Federal Territories is also helping the industry to bounce back after being wracked by the COVID-19 pandemic.

“Although the Ministry of Federal Territories (KWP) did not receive the allocation expected from the federal government, we remain committed to improving the well-being and welfare of the people in all three Federal Territories,” he said in a statement today.

Through Budget 2022, Shahidan said the ministry received an allocation of RM414,209,900 for development in the Federal Territories which include Public Private Partnership (PPP) and Private Finance Initiative (PFI) projects; repairing roads and bridges; river rehabilitation; non-river sewerage (SWR) and River of Life (ROL), in addition to development in Putrajaya and Labuan.

Meanwhile, RM256,601,400 is being allocated for management of community development and urban wellbeing; planning and development; besides special programmes for Putrajaya bus maintenance; Labuan ferry fare discounts and upgrading of the Dataran Pahlawan Negara, he said.

On the programme of ‘Community Feeding’ for children of the urban poor in several states including Kuala Lumpur and Putrajaya, Shahidan said the ministry and its agencies will ensure the allocation will translate into benefits and relief for residents in the Federal Territories.

Source: BERNAMA News Agency

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2022 Budget inclusive, high impact and crucial to the Malaysian Family — Wisma Putra

KUALA LUMPUR, Oct 30 — The Foreign ministry has described the tabling of National Budget 2022 as inclusive, high impact and crucial to the Malaysian Family in meeting the unprecedented challenging situation faced by Malaysia due to the COVID-19 pandemic worldwide.

Its minister Datuk Saifuddin Abdullah, in welcoming the budget, said Wisma Putra will utilise the budget allocation to strengthen the roles and functions of Malaysia’s diplomatic missions abroad through strategic communication and effective public diplomacy in ensuring Malaysia’s active engagements at the international and regional fora.

“This include enhancing the delivery of consular services to Malaysians using digital diplomacy, upgrading of ICT facilities and infrastructure, improvement of the welfare of officers as well as augmentation of human capital through continuous training programmes and opportunities.

“These initiatives are in line with Malaysia’s Foreign Policy Framework and the Ministry’s Strategic Plan for 2021 – 2025,” he said in a statement.

Saifuddin said Wisma Putra will ensure that the initiatives and activities planned for 2022 can be implemented effectively and successfully through continuous engagements with the Ministry of Finance, as well as strategic collaborations with other relevant Ministries and agencies.

Under Budget 2022 tabled by Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz yesterday, Wisma Putra has been allocated a total of more than RM868 million as compared to close to RM778 million in 2021.

Out of the total allocation for 2022, the Operating Expenditure sees an increment of 8.13 per cent as compared to last year, while the Development Expenditure sees an increase of 44.68 per cent.

Commenting further, Saifuddin said Malaysia will continue to maintain an active engagement and consistently asserts its positions and views on global issues including on digital economy, health diplomacy, cyber security, sustainable development, nuclear disarmament and climate change.

“Given the ongoing COVID-19 pandemic that has altered the international diplomacy landscape, Wisma Putra will continue to undertake a number of high impact initiatives that will benefit Malaysia’s interests, both regionally and globally,” he said.

The initiatives include strategic cooperation and collaboration in the recognition of COVID-19 vaccination certificate as well as cooperation programmes between medical and pharmaceutical product manufacturers and partner countries, travel bubble and reciprocal green lane programmes to encourage border reopening and targeted expansion of Malaysian products.

“These initiatives will revitalise Malaysia’s links to the global economy in the post-pandemic as well as enhance Malaysia’s reputation in the international community,” said Saifuddin.

Source: BERNAMA News Agency

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Webtel.mobi Appoints Global Consultancy Frost & Sullivan to Carry Out Its Revaluation – Also Enables Limited Placements of Its Otherwise Unavailable Shares

WM’s Share Swap Platform can be accessed worldwide

WM’s Share Swap Platform can be accessed worldwide

Webtel.mobi – the Global Telephony Company that created the world’s first Global Digital Currency and Global Clearing System – has initiated its Revaluation by Global Consultancy Frost & Sullivan, and is enabling limited placements of its shares on its own platform and via external entities

ST PETER PORT, Guernsey and NEW YORK, Oct. 29, 2021 (GLOBE NEWSWIRE) — Since completing its refined Platform 2 in late 2021, Global Telephony Provider Webtel.mobi (“WM”) has been preparing to focus its attention primarily on global expansion in 2022. This global expansion will be implemented by WM’s appointment of multiple marketing companies that have marketing agent complements in the thousands of persons, who will extend the Affiliate (VSMP) Program opportunity to entities worldwide.

As WM had already gained worldwide VSMPs that have cumulatively just over 288 million members through the activities of primarily only one marketing agent without it even commencing active marketing of the VSMP opportunity, it anticipates VSMP growth in 2022, and with that, rapid member and revenue growth in 2022.

WM’s Global Growth via VSMPs is extremely rapid

WM’s Global Growth via VSMPs is extremely rapid

Moreover, WM’s position of having zero debt combined with extremely low running costs – due to its Artificial Intelligence Complex Adaptive System managing the majority of the administrative and logistical flows on its Platform, and its worldwide premises and personnel requirements being satisfied by its VSMPs – the Company is able to focus the majority of its attention on these expansion activities.

The only other activities WM will undertake in 2022 are the making live of five additional Facilities which are already configured within its system:

  • Its Gold-Backed “Secured TUV” Global Digital Currency
  • Its Programmable “Smart TUV” Digital Currency
  • Its SCRM Kiosks for global refunds to primarily Unbanked persons
  • Its Personal Emergency System
  • Its Global Emergency System

As all these Facilities are largely already completed, they will be able to be made live without detracting from the primary focus of global expansion.

In closing off the year 2021, WM is therefore attending to two remaining aspects of its business to be completed prior to 2022’s focused expansion, which are:

  • Revaluation of the Company to include the value of the reconfigured TUV Global Digital Currency
  • Enabling its private shareholders to make some of their shareholding available for sale, to acquire liquidity

REVALUATION OF WM

WM has appointed the Global Consultancy, Frost & Sullivan, to carry out the revaluation, and to include the value of WM’s Globally Valid TUV Digital Currency in its reconfigured format. This is because in its reconfigured format, the TUV Digital Currency is easily recognizable to all people. This in turn makes it easily usable for every transaction type, in every country, by any persons or entities who are Members of WM or one of its VSMPs, worldwide.

Consequently, the additional value that access to all these markets in all countries – including the ten largest markets in the world by volume and value – is anticipated to be significant.

WM appointed Frost & Sullivan because it is one of the world’s longest-established and most experienced global consultancies. It has been providing analysis, research, advisory and other specialized services to a worldwide client base for over 60 years – to the extent it now partners with 98% of the world’s top 1 000 companies.

Moreover, Frost & Sullivan’s thousand-plus highly skilled analysts provide expert advisory services across 13 industries, 35 sectors and 300 markets globally.

Frost & Sullivan has also been following the progress of WM for the last 13 years – since the initiation of limited operations with its Platform 1, and throughout the testing and period and the rebuild of its refined Platform 2. It also previously carried out two global due diligences on WM in North America, Latin America, Europe, Asia, and Africa, with teams led by some of its most experienced personnel (see the “Resources” section of this article for a video on confirmation of this due diligence).

Consequently, Frost & Sullivan is best placed to carry out a competent review and revaluation of WM to include the additional value brought by the reconfigured TUV Digital Currency, in its reconfigured format.

This Revaluation is anticipated to be completed in mid-December 2021.

ENABLING PLACEMENTS OF LIMITED WM SHARES

WM has not utilized, or taken in any funding from external corporate entities, to complete its System. It was completely self-financed by its founder and by a small number of less than 300 private individuals. As these private individuals have had a long wait for the WM System to be planned, built, tested worldwide for nine years, and then rebuilt as the refined Platform 2, WM is now enabling those individuals who wish to do so – to place some of their shareholding in WM, to acquire some liquidity.

WM’s shares have historically been unavailable to third parties outside of private individuals who were personally introduced to the Company by existing shareholders. This will therefore constitute the first opportunity for external persons and parties to acquire any shareholding in WM.

This limited placement of WM shares will be carried out via two mechanisms, which are as follow:

The WM Share Swap Platform:
Because WM is not going to list on a Stock Exchange – because it does not need to raise capital and it deems it a risk to list on venues owned by private companies whose business WM may affect in the future – it has created its own Closed-Loop Members-Only internal market – the Share Swap Platform.

The Share Swap Platform is open to Qualified Members of WM within its Closed-Loop members-Only system. To join WM is free, and the requirements to become a Qualified Member are that a Member needs to upload specific KYC confirmation documents to confirm his or her capacity to subscribe. This internal market is overseen by WM’s Resident Agent and Registrar firm, which is a licensed fiduciary services firm in Guernsey.

The Share Swap Platform enables Member-Shareholders to place offers on the Platform of shares they wish to sell, and other qualified members of WM may acquire these shares over the platform, directly, in PP2P transactions, at zero cost (other than the cost of the shares). The minimum acquisition price on the Share Swap Platform is the minimum price of the shares as set by WM’s last valuation (USD 252.00 per share).

The platform has been reviewed and approved by WM’s supervising Resident Agent and Registrar firm in Guernsey, which also has oversight over all Share Swap Transactions.

This is a safe, secure, zero cost and efficient platform and internal market, and to utilize it, all that is required is to join WM as a member, and upload the relevant KYC documentation to become a Qualified Member (i.e. a member Qualified to utilize the Share Swap platform).

To utilize the Share Swap Platform, all that is required is to join WM as a Member from any one of its urls as shown in the “Resources” section of this article, click on the “Share Swap” link in the WM Account, and follow the directions listed there. Alternatively, an email can be sent to the helpline email address requesting assistance, at support@webtel.mobi

Placements by external companies and entities:
For persons or entities that do not wish to utilize the Share Swap Platform, or who wish to ensure they acquire WM shares, and who consequently do not wish to first take the time to have their KYC documents certified and reverified by an attorney or notary, WM has facilitated a second mechanism.

WM has obtained consent from its supervising Resident Agent and Share Registrar in Guernsey to allow and enable external companies and firms – appropriately qualified and experienced in their fields – to acquire or place some of these WM shares. This can take the form of these appropriately qualified and experienced companies and firms either acquiring some of the WM shares, or acquiring them on behalf of clients who wish to secure shares without having to wait for their KYC documents to be certified, uploaded and reverified prior to being able to acquire WM shares.

The difference between the WM Share Placements via the Share Swap Platform and via and Approved Entity is that the Approved Entity will be authorized to negotiate discounted share acquisition or placements directly with the Member-Shareholders who wish to sell some of their shares.

This is in acknowledgement that external companies or firms run businesses, so it is reasonable to enable them to be able to accrue revenue for their professional efforts. The discount rate at which the shares are acquired or placed according to this method will be up to the negotiations between the Shareholders and the Approved Entity. However, WM and its Resident Agent and Share Registrar will have oversight over the ratification of any discounted share prices in these transactions, to ensure the stability of WM’s overall share value.

The opportunity to become an Approved Entity for this placement is open to any suitably qualified and experienced entity worldwide. To initiate the process to become an approved entity – which is a rapid and efficient professional process – such entities should send an email expressing their interest and providing their details to WM’s Resident Agent and Share Registrar at the email address: registrar@webtel.mobi

CONCLUSION

The Share Placements process will commence before the conclusion of the impending Revaluation of WM, and it will continue for as long as is required to enable the placement of the limited number of shares by the Member-Shareholders who wish to liquidate some of their stock. Whether the placement is completed prior to the impending Revaluation, after it, or after the additional Revaluation in Q1 2022 to include the value of the Gold-Backed “Secure TUV” and Programmable “Smart TUV” will simply be a matter of demand, and the capacity of external “Approved Entities”, as is standard free-market practice.

As far as WM’s expansion and additional Facilities’ releases in 2022 are concerned, these are already set, and will be implemented regardless of the limited Share Placements – as these activities are not dependent on each other.

Moreover, as WM has zero debts and extremely low running costs, it has declared there will be a dividend rate in 2022 of 50% of WM’s total net revenue, once its global revenues start to increase, so whether shares of its founder shareholders are fully or partially-acquired will have no effect on their receipt of increasing dividends through 2022 and beyond.

Resources:

Media Contact:
Nick Lambert: wm@thoburns.com

Details of the Global Consultancy Frost & Sullivan:
https://www.frost.com

Historical Comments by Frost & Sullivan’s Global ICT Practice of their Due Diligence on WM:
https://www.youtube.com/watch?v=PO3BjgBKR3E

Previous Valuation of WM by Frost & Sullivan:
https://webtel.mobi/media/info/webtelmobi-holdings-limited-valuation-april-15-2021-final.pdf

Details of WM’s Resident Agent and Share Registrar Firm:
http://www.fides.gg
https://www.gfsc.gg/commission/regulated-entities/2003943

Contact for Companies and Firms wishing to become Approved Entities:
registrar@webtel.mobi

Contact for Inquiries regarding WM’s Share Swap Facility:
support@webtel.mobi

Comments on the WM System’s Capacities by Professor Jan Kregel of the Levy Economics Institute:
https://youtu.be/XYBrCikUhn8

Research Papers on WM’s Global Clearing System and TUV Digital Currency:

Media Articles on WM:
https://webtel.mobi/info/current-media/

Characteristics of WM’s TUV Digital Currency:
https://webtel.mobi/info/tuv-characteristics

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/d7eda07a-7a9a-493f-b536-db1289b82ddc
https://www.globenewswire.com/NewsRoom/AttachmentNg/d25b98de-4051-4b3f-9578-e91d1073200d

The photo is also available at Newscom, www.newscom.com, and via AP PhotoExpress.

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Sportradar Earns International Betting Integrity Association’s Data Standards Accreditation and Kitemark

The world’s largest and most influential leagues and federations entrust Sportradar for betting data collection and integrity services

ST. GALLEN, Switzerland, Oct. 29, 2021 (GLOBE NEWSWIRE) — Sportradar Group AG (NASDAQ: SRAD) (“Sportradar” or “the Company”), the leading global sports technology company creating immersive experiences for sports fans and bettors, today announced that it has been granted the International Betting Integrity Association’s (IBIA) Data Standards Kitemark, one of the industry’s highest accreditation related to the quality assurance processes related to the collection of data for the purposes of sports betting. Sportradar earned the honor following an audit assessed by eCommerce and Online Gaming Regulation and Assurance (eCOGRA), a leading independent and internationally recognized agency specializing in the testing, inspection and certification of online gambling software and systems.

Developed in October 2020, the IBIA’s Data Standards Kitemark is the industry’s first set of standards and guidelines for how data is collected to protect the integrity of sports against betting corruption and is subject to an annual audit. The Data Standards is a living document and set of requirements which the association intends to continually assess and update to ensure that its recipients represent the highest levels of data collation. The IBIA is a leading global voice on integrity for the licensed betting industry and represents many of the largest regulated sports betting operators in the world.

Dr. Anja Martin, Chief Regulatory & Compliance Officer, Sportradar said: “At Sportradar, we are committed to delivering the most reliable and highest-quality data products to our customers and partners. We invest heavily in our quality control systems and processes, implementing the industry’s most stringent safeguards to ensure that the products presented to the downstream market are trustworthy. Receiving accreditation from the IBIA for its Data Standards Kitemark further substantiates Sportradar’s rigorous dedication to data quality, integrity and transparency.”

Khalid Ali, IBIA CEO said: “We are excited to recognize Sportradar as our latest Data Standards Kitemark recipient. The IBIA developed the Standards and Kitemark to ensure that the collection and supply chain of sports data achieved the highest levels of transparency and accuracy. Companies like Sportradar that pass the audit have demonstrated robust internal procedures for the collation of sporting event data for betting. Accurate data collation reassures sports fans and bettors alike that the events they watch are fair, honest and performed at the highest competitive levels.”

In 2021 alone, Sportradar has established new partnerships with several major leagues and federations for betting data collection and/or integrity services, including the National Hockey League (NHL), International Table Tennis Federation (ITTF), and the European Handball Federation (EHF).

Sportradar operates five data collection centers which are strategically located around the world to provide 24/7 uptime and is supported by over 700 data experts, all ISO 9001 certified for Quality Management. These data collection methods are enhanced by in-stadium verification technology and augmented by direct feeds from sports leagues, computer vision and AI technology. With up to 30 million odds changes per minute, across more than 40 languages served, and with 99.9% proven accuracy, the dependability of Sportradar’s products drives customer trust.

To learn more about Sportradar, please visit: http://www.sportradar.com.

About Sportradar
Sportradar is the leading global sports technology company creating immersive experiences for sports fans and bettors. Established in 2001, the company is well-positioned at the intersection of the sports, media and betting industries, providing sports federations, news media, consumer platforms and sports betting operators with a range of solutions to help grow their business. Sportradar employs more than 2,300 full time employees across 19 countries around the world. It is our commitment to excellent service, quality and reliability that makes us the trusted partner of more than 1,600 customers in over 120 countries and an official partner of the NBA, NHL, MLB, NASCAR, FIFA, and ITF. We cover more than 750,000 events annually across 83 sports. With deep industry relationships, Sportradar is not just redefining the sports fan experience; it also safeguards the sports themselves through its Integrity Services division and advocacy for an integrity-driven environment for all involved.
www.sportradar.com

About International Betting Integrity Association (IBIA)
The International Betting Integrity Association is the leading global voice on integrity for the licensed betting industry. Our members share a common goal of combating betting corruption to protect the integrity of sport and their businesses. Established in 2005 and formerly known as ESSA, we are a not for profit association whose members include many of the world’s largest regulated betting operators, active across six continents. Members undergo a rigorous due diligence process and must adhere to our code of conduct committing them to responsible betting practices.
https://ibia.bet/

Source: Sportradar Group AG

Press Contacts:
Sandra Lee
comms@sportradar.com

Investor Relations Contacts:
Ankit Hira or Ed Yuen
Solebury Trout for Sportradar
investor.relations@sportradar.com

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Swiss Based Retail Crypto Company DSFR LLC Announces Its Strategic Partnership with tibc

DSFR Partner with Tibc

DSFR Partner with Tibc Crypto ATM provider

DSFR has completed its Initial Exchange Offering (IEO) on Latoken 10th October 2021 listed to trade in Latoken and coinsbit.io Exchanges

The DSFR blockchain project focuses on bringing crypto adoption to the retail industry. The blockchain platform has an extensive ecosystem that consists of an integrated payment system that consists of a Crypto POS, a prepaid card and a crypto gateway.

Merchants can easily deploy these products into their eCommerce systems to accept crypto payments within minutes. DSFR token is a key feature of this ecosystem, and users can shop at discounted prices in supported stores and get cashback using the token.

DSFR has also partnered with Swiss-based crypto service provider TIBC to list its token within its ecosystem. With this strategic collaboration, thousands of people will be able to buy DSFR tokens from TIBC POS and ATMs across Switzerland and Europe.

Users will be able to directly top up their DSFR wallets by simply scanning their wallet QR and completing transactions. TIBC has Crypto ATMs across Europe and plans to increase this number to 1000+ machines by the end of 2022. This development is a huge boost towards adoption and brings about increased utility for DSFR tokens.

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