Apollo partners with Hostplus to launch $1.25 billion Asia Pacific Credit Strategy

Multi-sector, yield-focused mandate leverages Apollo’s origination and credit expertise in APAC Region

NEW YORK and MELBOURNE, Australia, June 22, 2022 (GLOBE NEWSWIRE) — Apollo (NYSE: APO) today announced the formation of an Asia Pacific Credit Strategy in strategic partnership with Hostplus, one of the five largest superannuation funds in Australia. The new strategy launches with US$1.25bn in assets, following an inaugural raise that includes a $500 million anchor commitment from Hostplus alongside Apollo’s internal and affiliated insurance balance sheets. The dedicated strategy brings Apollo’s global credit platform together with local expertise to capitalize on growing demand for private credit across Asia Pacific, providing companies and sponsors with flexible and bespoke solutions.

The Asia Pacific Credit Strategy is designed to leverage Apollo’s credit expertise and differentiated asset origination to source high-quality opportunities across the yield spectrum. Today, Apollo has more than $10 billion1 of assets under management invested in the region and a growing team of nearly 60 investment professionals. Last year, Apollo appointed Partner Matt Michelini as Head of Asia Pacific, now based in Singapore, and hired an Australia-based credit team led by Partner Anthony Hermann, among other key additions.

Apollo Co-President Jim Zelter said, “This strategy is a natural extension of our global credit capabilities and reflects growing demand in the region for flexible, expedient capital solutions from non-bank lenders. We are pleased to launch Asia Pacific Credit in alignment with our long-term partners at Hostplus, who share in our disciplined investment philosophy.”

Hostplus CEO David Elia commented, “We are delighted to extend our 13-year relationship with Apollo, one of the leading global credit managers. This launch is part of our broader investment strategy to help to further diversify our investment portfolio to protect and grow our member investments over the long-term. Credit plays an important role in our strategic asset allocation to ensure we spread investment risk and help stabilize our investment portfolio, smoothing the ups and downs of investment market cycles.”

“We continue to make tremendous progress building our team and capabilities across Asia Pacific to serve the growing credit needs of companies in the region,” said Matt Michelini, Apollo Partner and Head of Asia Pacific. “This new strategy seamlessly combines our global capital base and ability to provide large-scale, differentiated, cross capital structure solutions with local expertise and origination.”

The Asia Pacific Credit Strategy will focus geographically on Australia, India, Singapore, South Korea and Hong Kong, with select deployment across other parts of the region. Launch of the strategy follows increasing investment activity in APAC for Apollo. Recently, Apollo-managed credit funds provided a comprehensive, US$750 million financing for Mumbai International Airport Ltd., one of the largest-ever private placements in India. Apollo also helped to structure and made a cornerstone investment in a A$150 million sustainability-linked note issuance for Ampol in Australia, with targets that included carbon-emission reductions and installation of EV charging points supported by 100% renewable energy.

In addition to increased investment opportunities in the region, Apollo continues to grow its partnership with key Asian and Australian investors. Since 2017, Apollo has raised more than $22 billion from institutional investors in the region.

About Apollo
Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade to private equity with a focus on three investing strategies: yield, hybrid, and equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of March 31, 2022, Apollo had approximately $513 billion of assets under management. To learn more, please visit www.apollo.com.

About Hostplus
Hostplus has grown to be one of the largest industry super funds in Australia. With over 1.5 million members, more than 250,000 employers and $89 billion in funds under management (as at 20 April 2021), our scale and ongoing growth allows for low member costs and a broad range of investment opportunities. To learn more, please visits www.hostplus.com.au.

Contacts

Apollo

Noah Gunn
Global Head of Investor Relations
212-822-0540
IR@apollo.com

Joanna Rose
Global Head of Corporate Communications
212-822-0491
Communications@apollo.com

Hostplus

Nathan Motton
+61 447 771 882
media@hostplus.com.au

1 APAC-based assets as of 3/31/22 with pro forma inclusion of commitment to Mumbai International Airport Ltd.

Qommodity Officially Launched Its Revolutionary QAA Token on LaToken Platform

The QAA token has been launched and, at this time, it can be purchased by using the LaToken platform. All the benefits of the blockchain are available and accessible to everyone through the user-friendly interface, so that every purchaser has the option to access the newly launched token and add it to their portfolio.

Qommodity Launched Its QAA Token

Qommodity Launched Its QAA Token

CONSTANŢA, Romania, June 22, 2022 (GLOBE NEWSWIRE) — QAA is a project that aims to offer people from all over the world access to the future QAAA token, a one-of-a-kind security token that will launch as soon as possible on the SourceLess Blockchain, the most technically advanced Blockchain out there.

The QAA Token is built on the Binance Smart Chain and also BEP20 standard protocol. At this time, these are the most established blockchain-based smart contract technology.

Using blockchain technology, the structure aims to eliminate bureaucratic procedures and, at the same time, increase cost-efficiency, compared to the general costs that come from financial investments focused on similar assets.

Looking at the big picture, the greatest advantage for anyone joining the project is the opportunity to take part in the further stages of Qommodity at the current price level. On top of it all, the issuing company offers a guarantee where the QAA is a security asset-backed token.

The guarantee is a statement of dedication as the Board of directors of Tandem Liber Holdings and all of its shareholders will also provide a hard guarantee for the support of every purchaser. In addition, the company intends to also create its own marketplace with its partners who will provide the QAA Tokens.

Present in Sierra Leone since 2009, Qommodity has proven resources with the help of their partners – Tandem Liber Holdings. The goal of the company is to use the proven in-ground resources to give value to the land itself and, thus, maximise the value in order to be able to offer the surrounding communities a far better life with access to clean water, medicine, a healthcare system and many more.

Moreover, the token created by Qommodity is not just another token, it is a project created for everybody. The system behind it is entirely based on custom support and tailored consultancy in order to offer every person out there the chance to become a part of the project that represents a revolution in digital asset management. Thus, one of the main features of Qommodity is facilitating access to the next crypto opportunity, the one that’ll become Bitcoin 2.0.

In short, the company’s goal is to help people build a legacy in a sustainable, eco-friendly manner.

The newly launched token can be purchased at the following link: https://latoken.com/exchange/QAA_USDT

More details on the project:
www.qommodity.io
Facebook: https://www.facebook.com/Qommodity.io
Instagram: https://www.instagram.com/qommodity.io/
Twitter: https://twitter.com/qommodityio
Telegram Channel: https://t.me/qommodityglobal
Telegram Group: https://t.me/Qommodityio
Tiktok: https://www.tiktok.com/@qommodity.io .
Youtube: https://www.youtube.com/c/Qommodityio
Discord: https://discord.gg/kuyfGAve
Medium: https://medium.com/@qommodityio

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Over 7,000 Little Caliphs pupils join Little Haj 2022 simulation programme

SERDANG, A total of 7,150 six-year-old pupils from 362 Little Caliphs kindergartens participated in the Little Haj 2022 simulation programme organised by Little Caliphs International Sdn Bhd (LCISB), which was held at the Malaysia Agro Exposition Park Serdang (MAEPS) here.

Dressed in white ‘ihram’ (clothes donned by pilgrims) along with haj bags and passport replicas, Little Caliphs children from Putrajaya, Kuala Lumpur and Selangor, were given early exposure to the fifth Pillar of Islam with the help of 780 teachers.

In the programme which began at 8.30 am, the children were guided to perform the ‘Rukun Haji’ (Haj rituals) including the ‘tawaf’ (encircling) around a 10-foot-high replica of the Kaaba.

LCISB chief executive officer Datuk Roslan Nordin said the programme was a fun way for the Little Caliphs pupils to be introduced to God’s commandments at a tender age.

“They not only see and hear about it, but also experience the pilgrimage for themselves. At Little Caliphs, we also explain to students the meaning of each of the rituals and we relate it to history,” he told the media today during the simulation programme of the Little Haj.

He said teaching the pupils about the Haj was part of the national standard preschool curriculum for spiritual studies issued by the Ministry of Education, adding that a total of 15,000 six-year-old students from 480 Little Caliphs kindergartens nationwide were involved in the Little Haj Programme.

LCISB chief academic officer Datin Dr Sabariah Faridah Jamaluddin, who is also the programme director, said after a two-year hiatus of not being able to hold programmes physically, this year’s event was highly anticipated not only by students, but also parents.

“The last time it was held was in 2019 before it was postponed for two years following the COVID-19 pandemic, and during that period, every Little Caliphs kindergarten implemented the Little Haj programme on a small scale, she said.

“At that time, we monitored the Haj programme held at the respective kindergartens and we provided the softcopy for the management to set up replicas of the kaabah, signages and so on,” she said, adding that she was happy that this time, the pupils were able to gather in a central location in larger numbers.

According to her, the pupils were taught the practical methods of the Haj rituals in line with the hands-on project-based learning methodology approach of The Little Caliphs Programme.

“This is the two-week project where before they come here to perform Rukun Haji in practice, the students are first taught in class and perform them at their own kindergartens,” she said.

Sabariah said the LCISB management also sought advice from Lembaga Tabung Haji to ensure that everything taught to children was accurate.

Six-year-old Muhammad Ammar Mirza Sha Adli from Little Caliphs Puncak Utama, who participated in the programme along with 19 others from his class, was happy to perform the Rukun Haji.

“It’s fun and a novel way to meet friends. I want to perform the Haj when I grow up,” he said adding that encircling or circumambulating the replica of the Kaaba was his favourite part of the programme.

Waffa A.Rahim, who runs six Little Caliphs branches, said the programme was highly anticipated by parents every year and described the practical Haj programme as a culmination of the pupils’ understanding of the Five Pillars of Islam after being exposed to the basics of the religious tenets from an early age of four.

“When the Little Haj Programme comes around, it means that the children have completed (the Pillars of Islam) the journey from uttering the two ‘kalimah syahadah’ to Haj. This programme is an illuminating way for us to teach them in a fun learning environment and not just by reading about it from books,” she said.

Source: BERNAMA News Agency

GSK Malaysia Launches Their #GiveBack Recycling Campaign for Safe Disposal of Old Inhalers

PETALING JAYA, Malaysia,GSK Malaysia is committed to its long-term ambition of delivering net zero emissions across all operations by 2030. By striving to reduce its environmental impact, GSK Malaysia announced the launch of its very own Environmental, Social and Governance (ESG) campaign called #GiveBack, focusing on safe and responsible disposal of old and used inhalers.

#GiveBack is held through collaborative working with over 50 outlets of Big Pharmacy across the Klang Valley and Seremban and will soon be extended to a nationwide campaign. During this pilot phase of the campaign, patients are encouraged to drop off their used, unwanted or expired inhalers at participating pharmacies to help reduce plastic waste and the adverse effects that the propellant has on the environment.

Source: NAM NEWS NETWORK

Rukun Negara Oratory Competition targets 3,000 participants

MELAKA, The National Level Rukun Negara Oratory Competition for The Tuan Yang Terutama Yang Dipertua Negeri Melaka 2022 Cup which will take place on Sept 15, targets some 3,000 entries in six categories with a total cash prizes of over RM40,000 on offer.

Melaka Unity, Community Relations, Labour and Consumer Affairs Committee chairman, Ngwe Hee Sem said the six categories to be contested are public, non-Malay, institutions of higher learning (IPT), secondary school, secondary schools, primary schools as well as a new category for civil servants.

He said the competition was to give exposure to the people and the younger generation so that they have a better understanding of the meaning of Rukun Negara as the basis of unity and identity of Keluarga Malaysia (the Malaysian Family) apart from nurturing and improving the public’s understanding about the principles of the Rukun Negara.

“Currently, we have received more than 1,000 entries for the secondary and primary school categories since participation opened on June 13. The number of entries is expected to continue to increase until the closing date of entries on July 15.

“The competition is open to the general public in Malaysia and this time, a new category has been introduced namely for civil servants,” he told a press conference here today.

Also present was the Advisor of the competition, Datuk Radhuana Salleh, and the competition director, Datuk Prof Baharudin Puteh.

Ngwe said for the non-Malay category, participation is open to all Malaysians who are non-Malays aged 20 and above while for the public it is open to all Malaysians aged 18 and above.

He said for the IPT category, participation is open to all IPT students while for the secondary and primary schools categories participation is in pairs.

“Participants will have to submit a video of their speech and the entry will go through two screenings before advancing to the finals. The finals will be held at the Melaka International Trade Centre (MITC).

“A total of five participants for each category will advance to the finals and in addition to the cash prizes, the winners will also receive a trophy, a book, and a certificate. Each category will have five winners, namely champion, runner-up, third, and two consolation prizes,” he added.

Source: BERNAMA News Agency

UN expert commends Malaysia’s leadership on Myanmar crisis

KUALA LUMPUR, United Nations (UN) Special Rapporteur on the situation of human rights in Myanmar, Thomas Andrews, has expressed his appreciation for Malaysia’s increasing leadership on the crisis in Myanmar.

Speaking at a press conference in conjunction with his visit to Malaysia, here Thursday, he also urged other Southeast Asian states to adopt a similar approach to address the human rights catastrophe in Myanmar.

He noted that Malaysia has given voice to the obvious fact that more than one year after ASEAN leaders reached the Five Point Consensus (5PCs) on Myanmar, nothing has been moved and more people are being killed or forced to flee the country.

Andrews stressed that too much was at stake for Myanmar and its people to accept complacency and inaction by the international community, saying that was why the leadership being exhibited by Malaysia is so important.

“Foreign Minister Saifuddin (Abdullah) has implored his ASEAN colleagues to not wait for another year of inaction – to not just talk about the five-point consensus but create and engage in an action plan to move forward – an action plan with a time-frame for implementation.

“Malaysia has not only called for ASEAN to engage with the Myanmar National Unity Government (NUG), it has begun engaging with the National Unity Government’s Foreign Minister Zin Mar Aung,” he said.

Andrews who as a former member of the United States Congress is on a mission here from June 17 to 23 to gather information on the situation of human rights in Myanmar and to better understand both the Malaysian and ASEAN responses to the crisis.

Throughout the week, he had met with a number of Malaysian government officials, members of parliament, civil society leaders and individuals from diverse Myanmar communities who have fled the military’s violence and persecution.

Malaysia is the first country he visited in ASEAN.

Sharing his preliminary observations, Andrews said his mission here provided him with a unique opportunity to sit face to face with dozens of men, women and children who fled the horrors that have engulfed many areas of Myanmar, including those who have recently arrived in Malaysia.

“They provided me with firsthand accounts of what they witnessed or directly experienced. These stories, without exception, emphasised the terror that is raging across the country,” he said.

Andrews pointed out that since the Feb 2021 military coup, more than 2,000 civilians have been killed, over 14,000 arrested, and more than one million were internally displaced or have fled the country.

The crisis also plunged Myanmar into an economic and humanitarian crisis that threatens the lives and wellbeing of millions.

Citing his recently published report on children being impacted by the Junta military coup, he said armed groups have killed or injured at least 382 children, while more than 1,400 were detained and at least 142 have been tortured.

“The situation in Myanmar is a human rights catastrophe. People who are fleeing Myanmar are desperately seeking to escape attacks, persecution and torture. They are desperate to save their lives and those of their families,” he added.

He emphasised that it is impossible to address issues related to those seeking refuge in Malaysia and other nations in the region without directly and effectively addressing the crisis inside Myanmar.

“Malaysia not only recognises this fact, it has been willing, through the words and actions of Foreign Minister Saifuddin, to challenge ASEAN to re-examine their current policy on Myanmar,” he said.

Meanwhile, Malaysia’s Foreign Ministry in a statement today said Andrews’s visit reflects the country’s serious commitment to finding a peaceful and lasting solution to the crisis in Myanmar including the crisis in Rakhine, which has led to one of the biggest refugee situations in the region in recent years.

It said while in Malaysia, the Special Rapporteur had the opportunity to engage with the Foreign Minister, officials from the Foreign Ministry and Women, Family and Community Development Ministry, the Parliamentary Select Committee on International Affairs and Parliamentary Select Committee on Women, Children Affairs and Social Development, National Human Rights Commission of Malaysia (SUHAKAM), as well as civil society and community-based organisations.

He also held a roundtable discussion at the Institute of Diplomacy and Foreign Relations (IDFR) on “Human Rights in Myanmar: Perspectives and Realities” and addressed the “High-level Roundtable on Refugee Education: Moving the Agenda Forward” in commemoration of World Refugee Day, organised by the All-Party Parliamentary Group Malaysia (APPGM) and International Islamic University of Malaysia (IIUM).

The Ministry said the UN expert will be presenting an oral report of his visit to Malaysia during the 50th Session of Human Rights Council in Geneva on June 29.

Source: NAM NEWS NETWORK

Enacting political financing law will be good to curb corruption – Malaysian Bar

KUALA LUMPUR, Enacting a political financing law would be a good start to curbing the scourge that is corruption and inefficiencies in the regulation of the country’s electoral system, said Malaysian Bar president, Karen Cheah Yee Lynn.

She said currently, save for the outdated provisions of the Election Offences Act 1954, there was no legislation in Malaysia to govern political financing, thereby creating an ecosystem ripe for corruption.

“There are regulations on anonymous donations or even donations from foreign sources,” she said in her opening remarks at a joint conference on ‘Political Financing Act: Current Status, Challenges and the Way Forward’, organised by IDEAS and the Bar Council, here, today.

“Political parties are governed by the Societies Act 1960 and while they are required to submit their audited financial statements to the Registrar of Societies, there is no need for them to reveal the sources of their donations.

“This lacuna in the law which also includes the lack of effective criminal laws and sufficient enforcement powers in our Election Commission, forms part of the problem which contributes to the opaqueness of our political institutions.

“As Malaysians, we are no strangers to allegations of corruption and misappropriation of monies by those in positions of power.

“The Malaysian news cycle is filled with news relating to corruption and since 2015, Malaysia have been embroiled in the notorious 1Malaysia Development Berhad (1MDB) controversy and we are still reeling from the after-effects of the scandal until today.

“So, the relevant laws in Malaysia need to be reviewed and amended. The Malaysian Bar has consistently stood by the fact that we need a law to govern political financing and we continue to urge for the enactment of such legislation,” she added.

Cheah also said that such laws would set limits on candidates and parties’ expenditures, enhance public disclosure and properly regulate the structure of political financing in the general elections or party elections.

She noted that many other countries including Singapore, India, the United States and the United Kingdom have enacted elaborate and sophisticated laws that dictate what are acceptable behaviour of politicians and political parties.

“The issues attached to political financing are multifaceted, intricate and complex and there will be many hurdles that we will face.

“There are no straightforward answers and no single magic bullet that can change the political landscape overnight.

“However, Rome was not built in a day and I firmly believe that with enough political will and a properly thought out strategy, the necessary laws can be enacted to ensure cleaner and fairer elections.

“Also, there needs to be a greater ability for the public to participate in decisions that affect them, and the relevant authorities must listen and engage adequately on the concerns voiced by the public to promote accountability and instil confidence,” Cheah said.

On May 19, Prime Minister Datuk Seri Ismail Sabri Yaakob said the government had agreed in principle to the proposed Political Funding Bill and the policy scope would be tabled to the Cabinet soon.

Source: BERNAMA News Agency