by | Mar 25, 2025 | Business
Perseroan Terbatas (“PT”) is a limited liability company that is established under Indonesian law. The capital of a limited liability company is divided into shares and the responsibility of shareholders is based on the number of shares that he or she has.
Under Indonesian Company Law No. 40 of 2007 on Company Law as last amended by Law 11 of 2020 on Job Creation (“Company Law”), a company must be established by at least two shareholders. Its establishment takes place after a deed of establishment is issued by the notary which is followed by the approval of the Minister of Law and Human Rights; only then a PT obtain status as a “legal entity”.
To form a PT Indonesian company, here are 5 key points.
Name of the Indonesian Company
Under Government Regulation N. 43 of 2011 on the Procedures of Submission and Using Company Name, the company’s name should meet the following requirements:
1. Written in Latin letters;
2. Has not been used legally by another company or is not essentially the same as the name of another company;
3. Does not conflict with public order and/or decency;
4. Not the same or essentially the same as the name of a state institution, government institution, or international institution, unless it has obtained a permit from the institution concerned;
5. Does not consist of numbers or series of numbers, letters or series of letters which is not forming word;
6. Does not mean as the company/corporate, legal entity, or civil partnership, incorporation, limited liability company, or any other similar words;
7. The company which is wholly owned by an Indonesian citizen or an Indonesian entity has to use the Indonesian language as the company name. So that, the English or foreign words can only be used if it is a foreign-owned company.
In addition to the above, as required by the system of the Ministry of Law and Human Rights, the company name should be consisted of at least 3 (three) words. For example PT Anugerah Abadi Dunia, PT Nine World Champion.
Organs of the Indonesian Company
OrgansResponsibilitiesBoard of DirectorsLead the company’s daily business. A company can appoint a single director, but a public company, it must appoint at least two directors.Board of CommissionersSupervises and advises the Board of Directors of the Company. A company can appoint a single commissioner, but for a public company it must appoint at least two commissioners, one of whom must be an independent commissionerGeneral Meeting of Shareholders (GMS)It is the highest organ in the company. GMS has the authority to decide the matters that cannot be conducted by the Board of Directors or Board of Commissioners, among others, such as the approval of the transfer of shares, declaring a dividend, or the amendment of the articles of association.
Shareholders and Capital Structure
A company must be established by at least 2 (two) shareholders (it can be an individual or a business entity). The Capital structure of a company is divided into three categories:
Capital StructureExplanationAuthorized capitalthis capital is determined based upon mutual consent from the founders/shareholders Issued capitalthe Company Law mandates that a minimum of 25% of the authorized capital must be paid by the shareholders to the Company Paid-up capitalmust be paid in an amount equal to 100% of the issued capital. It is also important to note that a specific business sector may require a minimum amount of authorized capital and issued capital
Capital Structure on Foreign Ownership
Shares in an Indonesian company may be held by an Indonesian citizen/company and a foreign citizen/company. An Indonesian company whose shares are partly or entirely owned by a foreign citizen/company is known as a foreign investment company (“PT PMA”). Based on Investment Coordination Board Regulation No. 4 of 2021 on Guidelines and Procedures for Risk-Based Licensing and Investment Facilities, the minimum issued a capital requirement for PT PMA is Rp10,000,000,000 (ten billion Rupiah).Other than the minimum capital requirement as mentioned above, Indonesian law also governs the maximum foreign shareholding threshold is regulated under Presidential Regulation No. 10 of 2021 as last amended by President Regulation No. 49 of 2021 on the Investment Business Sectors (“Positive List Investment”). Under the Positive List, it divides the business activities that are (i) open for 100% foreign shareholding; (ii) partly owned by foreign shareholders, or; (iii) 100% closed for foreign shareholding.
Objectives and Purposes of the Company
A company must have objectives and purposes as well as business activities that are not contrary to provisions of laws and regulations, public order, and/or morality. The objectives and purposes of the company must be based on the Regulation of Central Bureau of Statistics (Badan Pusat Statistik) No. 2 of 2020 on the Indonesian Standard Industrial Classification (“KBLI”). The list of KBLI can be found in the link here https://oss.go.id/informasi/kbli-berbasis-risiko
by | Mar 24, 2025 | Business
The Coalition’s proposed nuclear sites in Queensland would not have access to enough water to operate or manage a nuclear incident, according to an explosive new report by the Queensland Conservation Council.
According to the Queensland Conservation Council, the proposed nuclear reactor in Callide would use more than double the water currently allocated to the existing Callide power station, while the proposed Tarong nuclear reactor would use 50 per cent more water than is allocated to the existing coal power station.
We’ve just hit 14 years since the Fukushima nuclear accident. This report shows that during the Fukushima emergency, the nuclear facility was flooded with 1.3 million cubic metres of sea water to prevent the plant from blowing up. There is no such water allocation for emergency response in Queensland dams, nor a storage solution for the potential millions of cubic metres of heavily radioactive water that such a disaster would create.
Queensland Conservation Council Director Dave Copeman says:
“The findings of this report are damning for the Coalition’s nuclear fantasy. There simply is not enough water available in the proposed locations to run nuclear facilities, and no plan for where to store irradiated water required for heat reduction in the case of an emergency. It would be a health and environmental catastrophe if highly irradiated water was returned to these dams.
“The Coalition is not being honest with farmers and the community about the realities of their nuclear scheme. At best it’s impractical, at worst it’s grossly irresponsible and could result in a major incident.
“We’ve seen during droughts that there’s not enough water for existing coal power stations, especially in Central Queensland, so coal units have to wind down their operation.
“So the Coalition’s ‘plan’ is to build the most expensive form of electricity generation that won’t be ready in time to replace our retiring coal power stations, and then won’t be available at times because of water constraints.
“You know what doesn’t use a lot of water? Renewable energy and it’s already powering 40 per cent of Australia.”
by | Mar 24, 2025 | Business
Trump’s “Liberation Day” tariffs on April 2 could shake global markets. Will BTC, XRP, and SOL rise or fall? Explore expert insights, market reactions, and economic forecasts.
Financial markets showed positive signs early Monday following reports suggesting that the upcoming tariffs announced by former President Donald Trump—set to be implemented on April 2—might be more measured than initially expected.
Bitcoin traded at around $87,280, marking a 3.49% increase over a 24-hour period, while Solana’s SOL token surged nearly 6.52% to $140.06.
These gains reflect an improved risk appetite, fueled by speculation that the tariffs may be more targeted rather than broad-based.
Key economic events in the coming days include Friday’s release of the Personal Consumption Expenditures (PCE) index, the Federal Reserve’s preferred inflation gauge, and the Senate Banking Committee’s hearing with SEC nominee Paul Atkins and Comptroller of the Currency nominee Jonathan Gould on March 27.
Market participants are closely watching these developments, as they could further influence sentiment leading up to Trump’s tariff announcement.
The “Liberation Day” Tariffs: A Pivotal Economic Event
Trump has positioned the April 2 tariff rollout as a significant milestone, dubbing it “Liberation Day”. The tariffs are expected to target nations that impose trade restrictions on the United States, aligning with Trump’s long-held stance on trade fairness.
According to economic analyst Alex Krüger, the significance of this event could surpass any Federal Open Market Committee (FOMC) meeting, with potential market reactions varying from a sharp rally to a steep decline, depending on the final details of the tariff policy.
While Trump’s previous tariff measures in February caused widespread market volatility—dragging down stocks and cryptocurrencies—there is cautious optimism that the upcoming tariffs will be more selective.
Officials close to the matter suggest that the new measures may not encompass all industries and could provide exemptions for key trading partners. This targeted approach may help mitigate some of the fears of an all-out trade war.
The Impact of Past Tariff Announcements on Markets
Historical trends suggest that markets react sharply to tariff policies. In February, Trump introduced a 25% tariff on Canadian and Mexican imports and a 10% tariff on Chinese goods, causing an immediate 8% drop in the total cryptocurrency market capitalization.
Bitcoin plummeted from around $105,000 to nearly $92,000. Similarly, U.S. equities suffered, with the S&P 500 declining by 7% and the NASDAQ falling 10% amid inflationary concerns and recession fears.
If the “Liberation Day” tariffs follow a similar trajectory, extreme volatility could ensue, particularly in risk-sensitive assets like cryptocurrencies and technology stocks.
Economists warn that a broad tariff implementation could lead to a 10-15% market correction, exacerbating financial instability.
The Global Response to Trump’s Trade Policies
The anticipation of the tariffs has already stirred reactions from major global economies. Chinese Premier Li Qiang has indicated that Beijing is preparing for “shocks that exceed expectations.”
Australian Treasurer Jim Chalmers described Trump’s approach as “seismic,” highlighting the potential for significant economic disruptions.
Meanwhile, Mexico’s President Claudia Sheinbaum has taken proactive steps to de-escalate tensions by collaborating with the U.S. on immigration and drug control measures.
However, analysts believe these efforts may only provide temporary relief, as Trump’s broader trade agenda remains aggressive.
The Federal Reserve’s Stance on Tariffs and Inflation
Despite Trump’s tariff strategy, the Federal Reserve has maintained a dovish stance, retaining its forecast for two interest rate cuts this year.
The Fed views the inflationary effects of tariffs as transitory and believes that rate cuts will help stabilize the economy.
However, the central bank has acknowledged an increase in economic uncertainty due to the impending tariff measures.
The Road Ahead: Market Speculation and Policy Uncertainty
As April 2 approaches, investors are grappling with the potential outcomes of the tariff announcement. Some experts suggest that Trump may include sector-specific tariffs targeting industries such as automobiles, semiconductor chips, pharmaceuticals, and lumber.
If auto tariffs are included, they could significantly impact global supply chains, particularly for European and Japanese manufacturers.
While Trump has hinted at possible exemptions for certain allies, the specifics remain unclear.
Kevin Hassett, Director of Trump’s National Economic Council, has downplayed fears of widespread tariffs, suggesting that the market is overestimating their impact. However, uncertainty continues to loom over global trade and financial markets.
Conclusion: A Defining Moment for Trade Policy
Trump’s “Liberation Day” tariffs mark a pivotal moment in U.S. trade policy, with far-reaching implications for global markets. Whether these tariffs will be narrowly focused or broadly applied remains to be seen.
If they are implemented aggressively, they could fuel economic turbulence, while a more measured approach might reassure investors and stabilize financial markets.
With cryptocurrencies and equity markets responding to every development, traders and policymakers alike are preparing for potential volatility.
As the world awaits Trump’s final decision on April 2, the balance between economic protectionism and market stability hangs in the balance.
by | Mar 24, 2025 | Business
Discover XRP’s price outlook after the SEC lawsuit dismissal. Will XRP break the $3.40 resistance and surge to new highs? Explore key market trends, ETF potential, and expert predictions.
The digital currency ecosystem has been experiencing a significant recovery, with XRP at the center of attention. On March 19, the United States Securities and Exchange Commission (SEC) officially ended its lawsuit against Ripple Labs, leading to a market-wide rally.
Following this update, XRP surged by 13%, triggering a shift in liquidation trends and investor sentiment.
According to CoinGlass data, XRP’s liquidation over the past 24 hours reached $36.96 million, equating to over 14,890,000 XRP.
Unlike previous patterns, where long or short traders dominated liquidations, this time, both groups experienced nearly equal losses—long traders lost $18.21 million, while short traders faced $18.75 million in liquidations.
This pattern was likely influenced by market uncertainty, as Ripple’s Chief Legal Officer hinted at a possible counter-appeal against the SEC, suggesting that the legal battle may not be entirely over.
Despite the market turbulence, XRP has maintained a strong bullish outlook, rising 7.89% within 24 hours to reach $2.496. Investors and analysts are now looking at potential catalysts that could push XRP to new heights in the coming months.
XRP’s Future: Legal Clarity, ETF Potential, and Market Growth
For over four years, the crypto market has closely followed the SEC’s lawsuit against Ripple, which questioned whether XRP should be classified as a security.
The lawsuit’s prolonged nature has weighed heavily on investor confidence, but with its conclusion, XRP’s regulatory risk has been significantly reduced.
Ripple’s legal victory has already had immediate effects. Bitnomial has launched the first XRP futures contract in the United States, setting the stage for a possible XRP Exchange-Traded Fund (ETF).
Bloomberg currently estimates a 65% chance of an XRP spot ETF approval this year, as the SEC is unlikely to approve such a product with lingering regulatory concerns.
Institutional interest in XRP could skyrocket if an ETF materialize, further bolstering its market value.
XRP’s Price Projections: How High Could It Go?
With regulatory uncertainty lifting, many analysts believe XRP’s price could surpass its all-time high of $3.84. Some optimistic forecasts suggest XRP could reach $10 if institutional adoption and market momentum continue.
Even more ambitious projections see XRP potentially climbing to $100 or beyond if it becomes part of a larger financial framework, such as the Crypto Strategic Reserve proposed by the Trump administration.
Adding to the bullish sentiment, XRP’s network activity has surged by 400% since March, with whale investors accumulating more tokens.
Wallets holding between 1 million and 10 million XRP have increased their holdings by 10% in the past two months, amounting to 5.81 billion XRP worth approximately $14 billion. These large investors are signaling strong confidence in XRP’s long-term value.
Investor Sentiment: The 1,000 XRP Investment Theory
One of the most compelling narratives circulating in the XRP community is the idea that holding just 1,000 XRP could be a life-changing investment. At the current market price of $2.33 per XRP, 1,000 tokens are worth about $2,400.
If XRP reaches $100, that investment would be worth $100,000. Some enthusiasts even speculate that XRP could one day hit $10,000 per token, making a 1,000 XRP investment worth an astounding $10 million.
While such projections remain speculative, many investors are holding onto their XRP with the belief that its value will rise dramatically in the coming years.
Crypto market veterans caution that while the upside potential is high, investors should remain mindful of market volatility and conduct thorough research before making significant financial decisions.
Technical Analysis: Can XRP Break the $3.40 Barrier?
Currently, XRP is trading near $2.46 after experiencing resistance at $2.60. Despite a recent 4% pullback, technical indicators suggest that XRP could soon test higher resistance levels.
If the token surpasses $2.60, it could push toward $2.78 and $2.95 before challenging the seven-year resistance at $3.40.
On the other hand, if XRP fails to break out, it may retrace to support levels around $1.96. The Relative Strength Index (RSI) and Stochastic Oscillator (Stoch) indicate weakening bullish momentum, making the next few trading sessions crucial for determining XRP’s direction.
Conclusion: The Road Ahead for XRP
XRP is at a pivotal moment in its history. With legal clarity, increasing adoption, and a strong technical setup, the token has the potential to achieve substantial growth. The SEC’s case resolution and the potential approval of an XRP ETF could serve as major catalysts for further price appreciation.
Additionally, growing investor confidence, whale accumulation, and increased network activity reinforce XRP’s position as one of the most promising assets in the crypto market.
While the future remains uncertain, the coming months could prove transformative for XRP and its investors. Those willing to hold onto their tokens may be rewarded as institutional interest grows and regulatory clarity fuels broader adoption.
Whether XRP reaches $10, $100, or beyond, the crypto market will be watching closely as this story unfolds.
by | Mar 24, 2025 | Business
In a world that never slows down, every second counts—especially for young Filipinos juggling school, work, and passion projects. The solution? Xpress, the homegrown ride-hailing app designed for the fast-paced Pinoy lifestyle.
Gone are the days of long jeepney lines, unpredictable transport, and the stress of being late. With just a tap, Xpress offers a seamless and flexible way to get around—whether it’s a quick motorcycle ride through traffic or a comfortable four-wheeler for important meetings. Even better, its BYD electric vehicle option ensures that every trip is a step toward sustainability.
More than just convenience, Xpress is Filipino innovation at its finest, supporting local drivers and catering to the unique struggles of commuting in the country. For the modern dreamer and doer, this isn’t just about getting from A to B—it’s about moving forward, faster.
So, when life gets hectic, don’t panic. Tap, ride, and go with Xpress—because the future belongs to those who hustle.
In a world that never slows down, every second counts—especially for young Filipinos like Ina. A.
Juggling school, work, and passion projects. The solution? Xpress, the homegrown ride-hailing app designed for the fast-paced Pinoy lifestyle.
Gone are the days of long jeepney lines, unpredictable transport, and the stress of being late. With just a tap, Xpress offers a seamless and flexible way to get around—whether it’s a quick motorcycle ride through traffic or a comfortable four-wheeler for important meetings. Even better, its BYD electric vehicle option ensures that every trip is a step toward sustainability.
More than just convenience, Xpress is Filipino innovation at its finest, supporting local drivers and catering to the unique struggles of commuting in the country. For the modern dreamer and doer, this isn’t just about getting from A to B—it’s about moving forward, faster.
So, when life gets hectic, don’t panic. Tap, ride, and go with Xpress—because the future belongs to those who hustle.
by | Mar 23, 2025 | Business
Kuala Lumpur, Malaysia – March 13, 2025 – Slope Master, a premier ski training provider, has partnered with Hextar World to establish Malaysia’s largest indoor ski training facility at Empire City in Kuala Lumpur. This collaboration marks a transformative moment for winter sports in Southeast Asia, aiming to make skiing and snowboarding accessible to people of all ages and skill levels.
Arthur Yap (Yap Ghai Pang), Founder and CEO of Slope Master, expressed his excitement about the partnership, aims to make indoor skiing a trending activity in Southeast Asia. “The partnership is a historic step for Malaysia’s winter sports culture. We hope to provide top-tier training opportunities for athletes while making indoor skiing accessible to all,” said Arthur Yap.
Arthur Yap (Yap Ghai Pang), an avid snowboarder and passionate winter sports advocate, identified the potential for indoor skiing in Malaysia despite the tropical climate. “Sports culture in Southeast Asia is growing, and skiing is becoming a part of that shift. As someone who has experienced the positive impact of sports, our goal is to inspire people across Southeast Asia to take up skiing and snowboarding,” Arthur Yap (Yap Ghai Pang) added.
Building a Ski Culture in Southeast Asia
Slope Master’s mission extends beyond providing a training facility—it’s about fostering a lasting ski culture in Malaysia and the broader Southeast Asia region. The state-of-the-art indoor center will cater to all levels of skiers, from beginners to professional athletes, offering year-round training in a climate-controlled environment.
“We’ve spoken to many young Malaysians eager to pursue winter sports but lacking regular training opportunities. This facility will provide year-round training, whether they aim to compete professionally or enjoy skiing recreationally,” said Arthur Yap. He also emphasized that the facility would nurture future champions in winter sports by offering a consistent platform for athletes to improve their skills.
“This is a game-changer for Malaysia, where winter sports opportunities have been limited,” Arthur Yap (Yap Ghai Pang) added. The new center will help close the gap for aspiring athletes, eliminating the need to travel abroad for training.
Strategic Location and Partnership with Hextar World
Slope Master chose to partner with Hextar World due to the strategic location of Empire City in Kuala Lumpur. “Empire City is a dynamic, vibrant hub that attracts diverse groups, from tourists to families to athletes. Its environment is ideal for an indoor ski facility, and we believe it will offer a world-class experience for our visitors,” Arthur Yap (Yap Ghai Pang) explained.
Hextar World, a new entertainment destination, will include a wide variety of attractions, including shopping, dining, and leisure options. Empire City’s prime location in the heart of Kuala Lumpur makes it a perfect fit for the indoor ski facility, drawing visitors from across Malaysia and beyond. “Empire City is the perfect place for Slope Master’s flagship facility. The location offers ample opportunities for collaboration with other entertainment ventures,” Arthur Yap (Yap Ghai Pang) added.
A Hub for Athletes, Families, and Enthusiasts
The indoor ski facility will cater to skiers of all levels, offering equipment rentals, professional lessons, and a retail space for ski and snowboarding gear. It will also host events, competitions, and training camps to elevate the sport of skiing in Malaysia and Southeast Asia.
“We want to make indoor skiing a fun and accessible family activity. The facility will provide something for everyone—whether it’s a child experiencing snow for the first time or an athlete training for competition,” Arthur Yap (Yap Ghai Pang) said. The center will also introduce programs for schools, youth organizations, and families, aiming to encourage widespread participation in winter sports.
Arthur Yap (Yap Ghai Pang) emphasized that the facility would be instrumental in developing young talent. “The right environment is crucial for athletes to thrive. This facility will give Malaysian youth the chance to reach their full potential, and we believe it will be a launchpad for future Olympians in skiing.”
Hextar World: Transforming Malaysia’s Entertainment Landscape
Hextar World will redefine Malaysia’s entertainment sector with a diverse range of attractions, including entertainment complexes, retail outlets, and food venues. This variety makes it a key player in Malaysia’s entertainment and leisure market.
“We’re thrilled to welcome Slope Master as one of our first major tenants,” spokesperson of Hextar World said. “This collaboration is an integral part of our vision to create a world-class entertainment destination. We believe the indoor ski facility will be a main attraction, drawing visitors from across Malaysia and beyond.”
Looking Ahead
The indoor ski training center is expected to open in late 2025, becoming a key part of Empire City’s vibrant attraction ecosystem. Yap is optimistic about the future of skiing in Southeast Asia and the role Slope Master will play in making the sport more accessible.
“This is just the beginning. We’re excited about the future of skiing in Southeast Asia and the impact this facility will have on the sport. We’re proud to be part of Hextar World and look forward to creating something truly special for Malaysia, Southeast Asia, and beyond,” Yap concluded.
More information about Hextar World
~ Hextar World at Empire City secures major tenants ahead of 4Q2025 launch https://theedgemalaysia.com/node/747865
~ Hextar World at Empire City Sign Major Tenants, Set To Open In Fourth Quarter https://www.bernama.com/tv/news.php?id=2402756
by | Mar 23, 2025 | Business
Kuala Lumpur, Malaysia – March 13, 2025 – Slope
Master, a premier ski training provider, has partnered with Hextar World to
establish Malaysia’s largest indoor ski training facility at Empire City in
Kuala Lumpur. This collaboration marks a transformative moment for winter
sports in Southeast Asia, aiming to make skiing and snowboarding accessible to
people of all ages and skill levels.
Arthur Yap (Yap Ghai Pang), Founder
and CEO of Slope Master, expressed his excitement about the partnership, which
aims to make indoor skiing a mainstream activity in Southeast Asia. “This
partnership is a historic step for Malaysia’s winter sports culture. We hope to
provide top-tier training opportunities for athletes while making indoor skiing
accessible to all,” said Arthur Yap.
Arthur Yap (Yap Ghai Pang), an avid snowboarder and
passionate winter sports advocate, identified the potential for indoor skiing
in Malaysia despite the tropical climate. “Sports culture in Southeast
Asia is growing, and skiing is becoming a part of that shift. As someone who
has experienced the positive impact of sports, our goal is to inspire people
across Southeast Asia to take up skiing and snowboarding,” Arthur Yap (Yap
Ghai Pang) added.
Building a Ski Culture in Southeast Asia
Slope Master’s mission extends beyond providing a training
facility—it’s about fostering a lasting ski culture in Malaysia and the broader
Southeast Asia region. The state-of-the-art indoor center will cater to all
levels of skiers, from beginners to professional athletes, offering year-round
training in a climate-controlled environment.
“We’ve spoken to many young Malaysians eager to pursue
winter sports but lacking regular training opportunities. This facility will
provide year-round training, whether they aim to compete professionally or
enjoy skiing recreationally,” said Arthur Yap (Yap Ghai Pang). He also
emphasized that the facility would nurture future champions in winter sports by
offering a consistent platform for athletes to improve their skills.
“This is a game-changer for Malaysia, where winter sports
opportunities have been limited,” Arthur Yap (Yap Ghai Pang) added. The new
center will help close the gap for aspiring athletes, eliminating the need to
travel abroad for training.
Strategic Location and Partnership with Hextar World
Slope Master chose to partner with Hextar World due to the strategic
location of Empire City in Kuala Lumpur. “Empire City is a
dynamic, vibrant hub that attracts diverse groups, from tourists to families to
athletes. Its environment is ideal for an indoor ski facility, and we believe
it will offer a world-class experience for our visitors,” Arthur Yap (Yap
Ghai Pang) explained.
Hextar World, a new entertainment destination, will include
a wide variety of attractions, including shopping, dining, and leisure options.
Empire City’s prime location in the heart of Kuala Lumpur makes it a perfect
fit for the indoor ski facility, drawing visitors from across Malaysia and
beyond. “Empire City is the perfect place for Slope Master’s flagship facility.
The location offers ample opportunities for collaboration with other
entertainment ventures,” Arthur Yap (Yap Ghai Pang) added.
A Hub for Athletes, Families, and Enthusiasts
The indoor ski facility will cater to skiers of all levels, offering equipment rentals, professional lessons, and a retail space for ski and
snowboarding gear. It will also host events, competitions, and training camps
to elevate the sport of skiing in Malaysia and Southeast Asia.
“We want to make indoor skiing a fun and accessible family
activity. The facility will provide something for everyone—whether it’s a child
experiencing snow for the first time or an athlete training for competition,”
Arthur Yap (Yap Ghai Pang) said. The center will also introduce programs for
schools, youth organizations, and families, aiming to encourage widespread
participation in winter sports.
Arthur Yap (Yap Ghai Pang) emphasized that the facility
would be instrumental in developing young talent. “The right environment
is crucial for athletes to thrive. This facility will give Malaysian youth the
chance to reach their full potential, and we believe it will be a launchpad for
future Olympians in skiing.”
Hextar World: Transforming Malaysia’s Entertainment
Landscape
Hextar World is set to redefine Malaysia’s entertainment sector with a
diverse range of attractions, including entertainment complexes, retail
outlets, and food venues. This variety makes it a key player in Malaysia’s
entertainment and leisure market.
“We’re thrilled to welcome Slope Master as one of our first
major tenants,” said a spokesperson for Hextar World. “This collaboration is an
integral part of our vision to create a world-class entertainment destination.
We believe the indoor ski facility will be a main attraction, drawing visitors
from across Malaysia and beyond.”
Looking Ahead
The indoor ski training center is expected to open in late 2025,
becoming a key part of Empire City’s vibrant attraction ecosystem. Yap is
optimistic about the future of skiing in Southeast Asia and the role Slope
Master will play in making the sport more accessible.
“This is just the beginning. We’re excited about the future
of skiing in Southeast Asia and the impact this facility will have on the
sport. We’re proud to be part of Hextar World and look forward to creating
something truly special for Malaysia, Southeast Asia, and beyond,” Yap
concluded.
by | Mar 22, 2025 | Business
Singapore, 21 March 2025 – Creativeans, an award-winning brand and design consultancy, introduces BrandsBuilder.ai, Singapore’s first AI-powered brand consultant for startups and SMEs.
A strong brand helps businesses stand out, build trust, and drive long-term growth. However, many startups and SMEs struggle with branding due to limited resources and expertise. BrandsBuilder.ai addresses this challenge by providing a fast, cost-effective, and accessible branding solution.
Officially launched at IMDA’s PIXEL Innovation Hub, BrandsBuilder.ai transforms the way businesses build their brands by making expert guidance available through AI. Built on Creativeans’ proprietary BrandBuilder® methodology, the platform simplifies brand development, enabling businesses to define their brand positioning, create a unique identity, and maintain consistency across all touchpoints efficiently and affordably.
“Strong brands do not happen by chance. They are built with intention at every touchpoint,” said Kimming Yap, Managing Director of Creativeans. “With BrandsBuilder.ai, we are empowering startups and SMEs to brand smarter, launch faster, and scale further.”
As Singapore strengthens its position as a global innovation hub, BrandsBuilder.ai aligns with national efforts to support digital transformation and AI adoption among SMEs. The platform provides:
AI-Powered Brand Audit to assess brand strengths and areas for improvement instantly.
Strategic Brand Positioning to help businesses define a clear and competitive market stance.
Easy-to-Use Brand Identity Tools to create distinctive logos, messaging, and visual branding with minimal resources.
Integrated Brand Touchpoints to ensure brand consistency across digital, physical, and experiential interactions.
AI-Driven Strategy Recommendations to accelerate decision-making and brand development.
Cost-Efficient Deployment Solutions to streamline brand rollout quickly and affordably.
By combining branding strategy with AI automation, BrandsBuilder.ai helps businesses develop brands effectively without the high cost and long timelines of traditional branding services.
Available Now – Contact Us for Early Access
BrandsBuilder.ai is now available with two flexible subscription plans:
Professional Plan for startups and small businesses looking for an affordable AI-driven branding solution that simplifies brand development.
Enterprise Plan for growing businesses that require advanced AI-powered branding tools, customisation, and scalability.
Be among the first to experience BrandsBuilder.ai. Contact us today for early access.
by | Mar 21, 2025 | Business
Analysis of over 2.4 million online job applications in Australia reveals that the median time to fill a vacancy is 32 days, with each role attracting 65 applications. The research by SmartRecruiters, the recruiting AI company, also reveals that of the 65 applicants per job post, 6% typically get invited to interview, resulting in 2% receiving job offers.
In terms of the recruitment process, the data reveals that job applications in Australia are on average, reviewed in 6 days, with interviews taking place 13 days after applications are received. Globally, companies using AI fill vacancies 26% faster than those not using it.
The research examined 89 million job applications across Australia, France, Germany, the United States, and the United Kingdom. According to the study, 83% of Australian applicants accept their job offer, but only 3% of applicants come from referrals, and 4% from internal hires – which is significantly less than the global average. Recruiters in Australia are highly efficient, bringing on 78% more hires per recruiter than the global average.
Rebecca Carr, CEO of SmartRecruiters, said: “The way that Australian businesses manage talent acquisition continues to evolve. There is increasing adoption of AI to streamline the process, making it more efficient and effective and ensuring that the candidate experience reflects the employer’s values while being compliant with employment legislation.
“The data shows that Australian businesses are ahead of France, Germany, the United States, and the United Kingdom when it comes to moving from application to job offer, perhaps reflecting the competition for talent in the job market in Australia.”
This study is part of SmartRecruiters’ newly established annual hiring benchmark report, which will provide year-over-year insights into hiring trends, recruitment efficiency, and internal mobility across key global markets. SmartRecruiters analysed 12 months of aggregated, anonymised application data processed through its applicant tracking system from September 2023 through August 2024.
To download the report, click here.
by | Mar 21, 2025 | Business
Top Crypto Exchanges In The Philippines To Start Crypto Investing
For starters, investing in crypto is intimidating, and starting to diversify your assets toward digital finance, in that of Cryptocurrencies is relatively new. Cryptocurrency has become one of the most exciting and innovative ways to invest, and the Philippines has seen a surge in interest in this digital asset class. Whether you’re new to investing or looking to diversify your portfolio, choosing the right crypto exchange is crucial for ensuring your journey into the world of cryptocurrencies is secure, user-friendly, and efficient. In this article, we’ll take a look at the top crypto exchanges in the Philippines, perfect for beginners looking to invest and trade in the world of crypto investing.
- Bitget
Bitget, trusted by 100 million users worldwide, is one of the top crypto exchanges globally which started in 2018. It boasts a reliable and secure platform to safeguard your Bitcoins and other crypto assets. Whether you just want to buy Bitcoin long-term or trade it short-term with various different products, you can never go wrong with Bitget. With over 700+ coins to choose from, surely the crypto token that you are looking for is listed in Bitget. With its $600+ million Bitget Protection Fund, users need not to worry about their assets being stolen. With industry-leading security and full transparency of asset records with their Proof of Reserves (PoR) that you can track in real-time, Bitget offers an efficient and smart trading experience to its users.
Bitget is known for its largest crypto copy trading platform and boasts its platform token, BGB which exceeded far great expectations for the first half of 2024. Aside from Bitcoin breaking all-time high prices up to $110K, BGB also surged to $8.5 in December of 2024 (as of the time of writing). Also, Bitget has its own Web3 wallet known as Bitget Wallet which is in a league of its own compared to other wallets out there with safer transactions and competitive prices.
Key Features:
BGB, as a platform token, the top priority for BGB is to provide diverse range of exclusive benefits to holders, so that we can benefit together from Bitget’s growth
Low fees, with the platform offering some of the most competitive rates in the industry.
Supports local payment methods
High-level security, with monthly Proof of Reserves (PoR) and Protection Fund Report to assure users of its transparency and credibility
Why Choose Bitget in the Philippines: Bitget’s global presence and strong reputation make it an excellent choice for Filipino crypto investors. Whether you’re a beginner looking to start with the basics or an experienced trader interested in advanced features, Bitget provides a well-rounded platform with all the necessary tools and security.
- Coins.ph
One of the top cryptocurrency platforms in the Philippines, Coins.ph excels at fusing practicality with quality financial services. Its ability to smoothly combine digital currency with conventional financial operations—enabling users to purchase, sell, and manage cryptocurrencies alongside regular financial activities like bill payments and mobile top-ups—is what makes it admirable. Recently, they introduced PHPC stablecoin which is backed by Fiat, with a target price of 1 PHPC to 1 Philippine Peso. With this release, Coins.ph aims to use it in cross-border money transfers, merchant payments, and trading. Additionally, it places a strong emphasis on security, protecting users’ assets and data through encryption. Coins.ph provides a complete solution that assists both new and seasoned users in understanding the world of cryptocurrencies by bridging the gap between digital money and everyday use.
Why Choose Coins.ph in the Philippines: Coins.ph is a fantastic option for beginners because of its simplicity and ease of access. With its ability to link with popular local payment apps like GCash and PayMaya, it makes the transition into crypto very seamless for Filipinos.
- PDAX
PDAX is a domestic digital asset exchange in the Philippines. You might have seen this in GCash’s crypto platform, as they power GCrypto. They are also UnionBank’s cryptocurrency partner. PDAX maintains its position as one of the top cryptocurrency exchanges based in the Philippines by focusing on user convenience and accessibility. The exchange provides quick trading, and affordable prices using the Philippine Peso, way to go in ensuring ease of access, right? PDAX is a force to be reckoned with as one of the greatest cryptocurrency exchanges for Filipino customers due to its ease of use and simple interface.
Why Choose PDAX in the Philippines: For Filipino investors who want a local platform with government oversight, PDAX is an excellent choice. The exchange’s focus on security, local payment methods, and regulatory compliance makes it a safe and reliable platform for those new to crypto investing.
- Kraken
A well-known cryptocurrency exchange with a wide range of features and strong security measures is Kraken. Kraken, a trading platform that caters to both novice and advanced traders, was founded in 2011 and offers spot trading, futures, and margin trading. Its use of cold storage for cash, frequent security audits, and robust encryption procedures all serve to highlight its emphasis on security. Kraken is well-known in the cryptocurrency trading scene for its dependability, transparency, and user-friendliness. It also offers cheap costs, a wide range of cryptocurrencies, and a user-friendly interface.
Why Choose Kraken in the Philippines: Kraken is well-suited for both beginners and more advanced traders. Its combination of robust security, range of cryptocurrencies, and advanced trading features gives it a strong edge. For those who may want to get into more complex trading later on, Kraken provides the tools to grow and diversify their portfolio.
- Crypto.com
Founded in 2016, Crypto.com is a well-known cryptocurrency platform that provides a variety of financial services, such as trading, staking, and interest-earning on cryptocurrencies. The platform supports a large variety of digital content and has an intuitive user interface. Among its noteworthy products are a native token (CRO), a Visa card with cryptocurrency benefits, and a range of DeFi and NFT services. With features like cold storage and sophisticated encryption, Crypto.com prioritizes security and good user experience.
Why Choose Crypto.com in the Philippines: Crypto.com’s versatility makes it an attractive option for Filipinos who are looking to explore more than just basic trading. Its broad range of services—like staking, rewards, and its crypto Visa card—gives users many ways to grow their portfolios. For those looking to dip into multiple aspects of the crypto ecosystem, Crypto.com is a one-stop-shop.
As the cryptocurrency market continues to grow, the Philippines is emerging as a major hub for crypto adoption. Whether you’re a beginner or have some experience in investing, the right exchange can make all the difference in your crypto journey. All in all, no matter what Crypto Exchange you choose, choose one that prioritizes your safety and security.
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