by | Oct 23, 2024 | Business
KUALA LUMPUR, 23 October – OPUS International (M) Berhad
(OPUS), a leading engineering and asset management consultancy, a subsidiary of
UEM Edgenta Berhad (UEM Edgenta) together with
HSS Engineering Sdn Bhd (HSSE), a prominent player in engineering and project
management services, a wholly owned subsidiary of HSS Engineers Berhad (HEB);
today announced the signing of a Joint Venture and Shareholders’ Agreement
(JVSA). This strategic partnership aims to accelerate expansion into
high-growth infrastructure markets across Southeast Asia (SEA) and the Middle
East.
This collaboration brings
together the combined expertise of OPUS and HSS Engineering to deliver comprehensive
solutions across engineering and technical services, project management and
asset management consultancy and energy efficiency solutions in diverse
infrastructure sectors. The joint venture will be 60% owned by OPUS and 40% by
HSSE.
Sharing her thoughts on the
collaboration, Hillary Chua, Managing Director, OPUS, said, “This joint venture
marks a transformative step forward by merging the expertise of OPUS in asset
management and energy efficiency with HSSE’s extensive international market
presence and network. With over three decades of engineering excellence from
both OPUS and HSSE, we are uniquely positioned to deliver innovative and sustainable
infrastructure solutions not only to Malaysia but also for the high-growth
markets across Southeast Asia and the Middle East. We share ambitious growth
aspirations, aiming to enhance the delivery of world-class engineering practice
and asset management services while contributing to the region’s infrastructure
development.
Echoing similar sentiments
and enthusiasm, Syahrunizam Samsudin, Managing Director & CEO, UEM Edgenta,
shared, “This partnership is goes beyond collaboration – it is about
creating long-term value. It strengthens our ability to deliver innovative,
sustainable projects. For UEM Edgenta, this aligns seamlessly with our Edgenta
of the Future 2025 (EOTF 2025) vision; where innovation, sustainability, and
impact are at the core of our strategy. This joint venture also enhances our
competitiveness in the international market, positioning us as a leader in
infrastructure asset management across Southeast Asia and the Middle East region.”
“This JV allows us to leverage the strengths of both HEB
Group and Opus International. By combining HEB Group’s expertise in engineering
design and project management with Opus International’s innovative approaches
like asset management, geotechnical, energy efficiency and sustainability
solutions. We are creating a formidable alliance primed for success. Our
collaboration will certainly lead to synergistic benefits in our joint
projects. We look forward to building a strong partnership with Opus International
to raise the standards of infrastructure projects in modern urban landscapes,”
added Ir. Sharifah Azlina Raja Kamal Pasmah, Chief Executive Officer, HSS
Engineering Sdn Bhd.
Tan Sri Ir. Kuna Sittampalam, Executive Vice Chairman, HSS
Engineers Berhad concluded, “Opus International’s esteemed brand and its
leadership in asset management will seamlessly complement HEB Group’s proven
track record in engineering solutions for infrastructure projects. This
partnership is poised to significantly enhance project delivery capabilities
and foster dynamic growth in both domestic and global markets. HEB Group is
pivoting toward emerging fields like data centers and renewable energy while strengthening
its core areas of rail, highways, ports, and water infrastructure. Hence, this
JV is poised to enhance our position as Malaysia’s leading engineering
consultant and strengthen the comprehensiveness of our solutions.”
Signing the agreement on
behalf of OPUS was Hillary Chua, Managing Director, OPUS while HSS was
represented by it’s CEO, Ir. Sharifah Azlina Raja Kamal Pasmah. The signing was
witnessed by Syahrunizam Samsudin Managing Director & CEO, UEM Edgenta and
Tan Sri Ir. Kuna Sittampalam, Executive Vice Chairman, HSS Engineers Bhd.
OPUS and HSSE plan to
formally establish the joint venture in 2024, with initial operations focusing
on major asset management projects and energy efficiency initiatives. The
formation and operations of the joint venture are subject to necessary
regulatory approvals.
For further information on OPUS and UEM Edgenta,
log on to https://www.uemedgenta.com.
by Penny Angeles-Tan | Oct 23, 2024 | Business
Learn about liquidation in crypto futures trading, from what the contract is to how it works. This article discusses the factors that cause liquidation, the process, and the importance of risk management for traders to avoid financial losses. Discover strategies for success in the world of crypto futures!
A futures contract is an agreement to buy or sell an underlying asset at a specified price at a specified date in the future. This is a type of derivative contract. These contracts are important in financial markets as they provide traders with opportunities to hedge or speculate.
In this article, we will discuss this type of trading about crypto liquidations and try to understand why crypto liquidations are a valuable tool.
Understanding Crypto Liquidation in Futures Trading
Crypto liquidation in futures trading is about closing positions to balance the initial trade. If a trader has a long position, meaning they want to buy the asset, they must sell the contract to liquidate it. Conversely, if they have a short position, meaning they want to sell the asset, they must buy back the contract to complete the liquidation.
Crypto liquidations are common in futures trading, but traders should think carefully about the effects. This includes looking at how leverage can affect trading results.
Not knowing how crypto liquidation works can lead to major financial losses, especially for new traders who may not fully understand futures trading. In other words, traders who do not know when and how to manage their positions risk liquidation.
Basics of Crypto Liquidation in the Market
Crypto liquidation in futures trading depends on margin requirements. When you trade futures, you must deposit a percentage of the contract value as a margin. It serves as collateral to cover possible losses.
When the price of the underlying asset changes, margin requirements also change. If a trade goes against you and your margin account falls below a certain level, known as maintenance margin, you will receive a margin call.
How Crypto Liquidation Works in Futures Trading?
Liquidation in futures trading occurs for two main reasons:
1. The first reason is voluntary crypto liquidation. Here, a trader decides to close a position before the expiration date of the futures contract. They may do this to take profits, limit losses, or change their trading strategy based on market analysis or risk appetite.
2. The second reason is forced liquidation. This occurs when a trader’s margin account falls below the required maintenance margin level. This usually happens because the price of the underlying asset has fallen. In this case, the brokerage firm can sell the trader’s position, no matter what their investment plans or outlook.
Crypto Liquidation Process for Traders
The liquidation process for people trading in the futures market has several steps. When a trader wants to close their position or if they get a margin call, the first step is to place an order against their current position. For example, if a trader is long on a futures contract, they would need to enter a sell order for the same type and number of contracts.
Profits go to the trader’s trading account, while losses reduce the margin account. Traders need to keep an eye on their margin levels, especially during difficult market conditions. This helps them avoid forced liquidation and major financial losses.
Factors Leading to Liquidation in Futures
Several things can cause the liquidation of a futures contract. This affects both long and short positions. One major factor is that large changes in the price of the underlying asset can lead to large losses and margin calls.
High liquidity in the futures market can exacerbate this. Even small price changes can cause large fluctuations.
Changes in interest rates can affect the costs associated with futures positions. This can affect how profitable the position is and may lead to liquidation. It is important to know that futures trading uses leverage. This means that profits and losses can be magnified.
Traders should think about market risk, interest rate changes, and their risk tolerance. This will help reduce possible liquidation risks.
Conclusion
MKnowing about crypto liquidation in futures trading is the key to success. When you understand the basics, you can move through the markets better. You can use risk management techniques is important.
Understanding trading strategies will also help you to avoid unwanted liquidations. By focusing on timing, predicting trends, and taking advantage of market changes, traders can make better choices.
Bitrue can help you do research before trading crypto futures. You can study before buying futures Bitcoin, Ethereum, Solana, XRP, and other crypto tokens. Also, find out how to convert prices from Ethereum to USD and other tokens easily on the Bitrue website.
by | Oct 22, 2024 | Business
Gyukatsu Motomura, the renowned Japanese restaurant chain famous for its deep-fried beef cutlets, is inspiring the launch of a new concept restaurant in Boracay, set to open in November 2024. Bringing signature dishes and a unique dining experience to the popular island destination, the restaurant will be located at 0445 Zone 5, Road 1 Laketown, Balabag, Malay, Boracay. It aims to blend Japanese culinary excellence with the island’s relaxed atmosphere, potentially attracting food enthusiasts and boosting gastronomic tourism. Interested diners can follow @gyukatsuboracay on Instagram for updates and visit https://gyukatsumotomura.com for more information about this exciting addition to Boracay’s diverse culinary scene.
BORACAY, Philippines – Food enthusiasts and tourists alike have reason to celebrate as a new Japanese-inspired restaurant, inspired by the renowned Gyukatsu Motomura concept, announces its plans to open on the picturesque island of Boracay in November 2024.
This new establishment, inspired with the original Gyukatsu Motomura in Japan, aims to bring a similar culinary experience to the Philippines. The restaurant will feature deep-fried beef cutlets, reminiscent of the dish that has made the original Gyukatsu Motomura a culinary sensation in Japan.
“We are beyond excited to bring the authentic taste of Gyukatsu Motomura to the beautiful shores of Boracay next November,” said Ricka Raga, Chief Marketing Officer of Gyukatsu Motomura Philippines. “Our goal is to offer both locals and tourists a unique dining experience that combines the relaxed island atmosphere with the exquisite flavors of our carefully prepared gyukatsu. We’re not just opening a restaurant; we’re creating a destination for food lovers!”
The new Boracay branch, located at 0445 Zone 5, Road 1 Laketown Balabag, Malay, Boracay, 5608 Aklan, Philippines, will feature Gyukatsu Motomura’s classic menu, including their famous 30-second self-grilling option that allows diners to achieve their preferred level of doneness. The restaurant promises to source high-quality local beef to maintain the standards that have made them a favorite in Japan.
BREAKING LOCAL NEWS: Mark your calendars for November 2024! While the exact day is yet to be announced, the anticipation is already building among locals and tourists alike. The restaurant has launched its official Instagram account @gyukatsuboracay to keep eager fans updated on their progress leading up to the grand opening. Interested diners can also find more information on the official website https://gyukatsumotomura.com.
The arrival of Gyukatsu Motomura is set to revolutionize Boracay’s diverse culinary scene, adding an exciting new dimension to the island’s food offerings. Local food critics and tourism officials are buzzing with excitement about the addition of this international brand to Boracay’s restaurant lineup.
“We’re not just bringing a restaurant to Boracay; we’re bringing an experience,” Raga added with enthusiasm. “Imagine savoring the perfect gyukatsu while enjoying the breathtaking Boracay sunset. It’s going to be unforgettable!”
As preparations for the November 2024 opening continue, anticipation builds among food lovers and Boracay regulars. The introduction of Gyukatsu Motomura to the island promises to be a game-changer, potentially attracting a new wave of gastronomic tourists to the already popular destination.
The restaurant is poised to become a must-visit culinary hotspot, offering a unique blend of Japanese culinary excellence and the laid-back charm of island life. Whether you’re a local foodie or a tourist seeking an exceptional dining experience, Gyukatsu Motomura Boracay is set to become your new favorite destination.
Stay tuned to @gyukatsuboracay on Instagram for the latest updates on the grand opening in November 2024 and future promotions. Get ready to embark on a culinary journey that will transport your taste buds straight to the heart of Tokyo, right here in beautiful Boracay!
by Penny Angeles-Tan | Oct 22, 2024 | Business
Vitalik Buterin, co-founder of Ethereum, has identified centralization as one of the biggest risks for Ethereum. Buterin has proposed a potential solution known as “The Scourge.” Check out the full explanation in this article.
Becoming one of the largest blockchain platforms, Ethereum continues to grow and attract investor interest. However, like every technology, Ethereum also faces challenges and risks. One of the biggest risks facing Ethereum is the centralization of proof-of-stake (PoS).
Centralized Proof-of-Stake
Proof-of-stake is a consensus mechanism that Ethereum uses to validate transactions and secure the network. In PoS, validators must lock a certain amount of ETH to participate in the validation process.
One of the risks in PoS is centralization, where a small number of validators control most of the network. This can increase the risk of 51% attacks, transaction censorship, and value extraction.
Vitalik Buterin and The Scourge
Vitalik Buterin, co-founder of Ethereum, has identified centralization as one of the biggest risks for Ethereum. Buterin has proposed a potential solution known as “The Scourge.”
The Scourge aims to reduce the risk of centralization by using techniques such as encrypted and a two-tier staking approach. This can help prevent large validators from controlling large portions of the network and reduce the risk of transaction censorship.
Centralization Risk Analysis
Some things that need to be considered so that we can carry out risk analysis are:
1. 51% attack risk: Centralization can increase the risk of 51% attacks, where a small group of validators can control the network and invalidate transactions.
2. Transaction censorship: Centralized validators may choose not to process certain transactions, which could disrupt Ethereum’s functionality.
3. Value extraction: Centralized validators can earn larger profits than small validators, which can reduce value for Ethereum users.
Potential Solutions
Apart from The Scourge, some other potential solutions to overcome PoS centralization on Ethereum include:
1. Increased validator set size: Expanding the number of validators can reduce the risk of centralization.
2. Anti-centralization mechanisms: Development of mechanisms that can prevent large validators from controlling the network.
3. Increased user participation: Encouraging more users to become validators can help reduce centralization.
Conclusion: Current Ethereum Price
Centralization of proof-of-stake is one of the biggest risks facing Ethereum. While potential solutions exist, addressing this issue will require continued efforts from the Ethereum community.
As additional information for those of you who are interested in Ethereum, currently the price of the ETH token is minus 3.24% so it is trading at $2,618.
Although Ethereum price experienced a decline, the RSI indicator has a value of more than 69, so it is indicated that there will be a bullish trend in the near future. The MACD line also explains that the trend will come soon because the buying trend is dominating compared to the selling trend.
Apart from checking token prices in real time, you can also check price conversions ETH to USD easily on the Bitrue website. So, you can know how to allocate funds beforehand buy Ethereum.
by | Oct 22, 2024 | Business
Registration open to public:
Date: October 28-29, 2024
Time: 9:00 AM – 5:00 PM GMT+7
Registration: https://forms.gle/xCzPk1UHZ3ffcvHG9
The Ministry of Natural Resources and Environment of Lao PDR, the Economic Research Institute for ASEAN and East Asia and its Regional Knowledge Centre for Marine Plastic Debris, and United Nations Development Programme Lao PDR will host the ASEAN Conference on Combatting Plastic Pollution 2024. This conference aims to bring together stakeholders from ASEAN Member States, the private sector, innovators, academia, and civil society to discuss innovative solutions, best practices, and regional policies to address plastic pollution.
The two-day event will focus on fostering partnerships and sharing knowledge on combatting plastic pollution across Southeast Asia. It will also feature an exhibition showcasing innovations from across ASEAN. The conference will be open to the public and could be joined online. Please find the date, time, and registration link below:
Date: October 28-29, 2024
Time: 9:00 AM – 5:00 PM GMT+7
Registration: https://forms.gle/xCzPk1UHZ3ffcvHG9
Prominent speakers, including government officials, international experts, and innovators working on sustainability and circular economy solutions, will be among the participants. The conference will be held under the patronage of H.E. Mme. Bounkham Vorachit, Minister of Natural Resources and Environment of Lao PDR.
ERIA’s involvement through its Regional Knowledge Centre for Marine Plastic Debris, underscores its dedication to fostering regional cooperation and knowledge-sharing. ERIA remains committed to contributing to ASEAN’s efforts in reducing plastic pollution through collaborative and innovative solutions.
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