by | Aug 2, 2024 | Business
Invesko has announced that it has welcomed more than 12,000 new investors aged 18-29 to its platform since launching in May 2024
Singapore – July 25, 2024 – Invesko has announced that it has welcomed more than 12,000 new investors aged 18-29 to its platform since launching in May 2024.
Invesko is on a mission to make investing easy, accessible, and rewarding for a new generation of investors. With Invesko, young people can invest with no account minimums, buy and sell stocks for as little as $1, and get rewarded in cash and stocks as they invest in their future.
Investing Made Easy
With a simple design and intuitive interface, Invesko makes investing familiar and welcoming. Unlike complex platforms, Invesko offers an easy and rewarding onboarding process. Signing up takes less than 5 minutes, with free stock awaiting you when you complete verification. You can buy your first stock with just three taps for as little as $1. This simplicity aims to make Invesko the go-to mobile investing experience.
Investing Made Accessible
With 81% of young adults preferring to manage their finances via mobile apps, Invesko is designed as a mobile-first platform to meet this demand. It offers no account minimums and zero commissions during the promotional period, ensuring accessibility. Afterward, Invesko will continue to keep fees low for funding, trading, and subscriptions.
Investing Made Rewarding
With over two-thirds of young investors feeling overwhelmed by investment information and around half citing insufficient funds as a barrier, starting to invest can be intimidating. Invesko addresses these concerns by offering Rewards, which provide cash bonuses or free stocks as users invest. By recognizing and rewarding their commitment, Invesko helps turn hesitation into action, making early investment more accessible and appealing.
Grow You Investments with Invesko
Invesko currently offers access to US stocks and ETFs by working with a partner broker-dealer to offer exceptional brokerage features with ultimate flexibility and the security of SIPC insurance — all delivered through the Invesko app that makes building your wealth easy.
The company is also expanding to include local stocks, as part of its strategy to become a comprehensive financial-services provider.
“Our vision is for Invesko to be the most trusted, lowest-cost, and culturally relevant investment app for Gen Z in Southeast Asia—the most tech-savvy and largest user base,” Invesko founder Miko Bantigue says. “Looking ahead, we aim to offer a seamless experience where users can grow and manage all aspects of their wealth in one place. We’re building a platform where they can easily transition between US stocks, local stocks, automated investment products, and a high-yield USD cash account. It will truly be ‘all my investments.’”
The app is available to customers in over 150 countries on the Apple App Store and Google Play at getinvesko.com.
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Invesko is not a securities broker and does not provide any broker-dealer services. We work with licensed partner broker-dealers to ensure compliance with all applicable regulations. Nothing in this press release should be construed as an offer or solicitation to buy or sell securities or other financial products in any jurisdiction where such offer, solicitation, purchase, or sale would be unlawful under the securities laws of such jurisdiction. Neither Invesko nor its partner broker-dealers hold the necessary licenses or registrations in such jurisdictions. Prospective investors should seek the advice of their own financial and legal advisors before making any investment decision.
by Ferry Bayu | Aug 1, 2024 | Business
Manila, Philippines, July 30, 2024, Chainwire – With its advanced blockchain technology, the Venom Foundation proudly announces its proposal to digitize the Philippine government’s accountable forms, such as but not limited to invoices or receipts, cash tickets, documentary stamps, and special bank receipts, individually identified, accounted for, and afforded appropriate security. This project represents a major milestone, marking the world’s largest blockchain use case and showcasing Venom’s capability to handle large-scale, sovereign-level operations.
Landmark Opportunity and Global Significance:
The project will represent a landmark opportunity, not only for Venom but for the blockchain industry as a whole. The world’s largest blockchain use case signifies a seismic shift in how sovereign states perceive and utilize blockchain technology. By betting on Venom, the Philippine government can demonstrate unprecedented trust and confidence in blockchain as a secure, scalable, and efficient solution for national-level operations. This move will revolutionize the way governments and large institutions handle data, transactions, and record-keeping, setting a new standard for transparency and efficiency.
Project Scope and Impact:
The Philippines will be making a significant leap forward if the country pursues the digitalization of approximately 10 billion transactions in accountable form using Venom blockchain technology. This initiative will mark a new phase in the country’s digitalization journey and promises to revolutionize financial operations. The project expects to significantly enhance transparency, reduce costs, and improve the efficiency and security of financial transactions across the nation. With a population of approximately 115 million, the impact of this digitization effort will be far-reaching, touching every aspect of daily life and commerce in the Philippines.
Strategic Selection:
Initially, the Philippines considered utilizing IBM’s Hyperledger technology to implement its digitization plan. However, the country eventually decided to move forward with the Venom blockchain instead due to its unparalleled scalability, high throughput, security, and low transaction costs, making it the best choice for government and corporate needs. With efforts underway in the Philippines to reform financial operations, Venom brings key qualities to the table that will help usher in a new era of efficiency and transparency in the country while also helping to curb inflation. More than just a technological solution, Venom represents an institutional foundation capable of growing and adapting to the needs of a massive project that will only grow in scope over time.
Economic Impact:
If fully leveraged, digital transformation using Venom blockchain in the Philippines can unlock up to USD 101.3 billion (PHP 5 trillion) in annual economic value by 2030, equivalent to about 27 percent of the country’s GDP in 2020, according to a report by AlphaBeta in October 2021 on The Growing Digital Economy in the Philippines. This represents billions of dollars in additional revenue to boost the economy, which will contribute to improving citizens’ quality of life and infrastructure development.
Government Endorsement:
The Philippines’ National Printing Office (NPO), responsible for printing about 10 billion pieces of accountable forms annually, is leading the digitization initiative with Venom. President Ferdinand “Bongbong” Marcos Jr. (PBBM) has made digitization a priority for the country, identifying it as a means of improving essential services for Filipinos and helping curb corruption. According to PBBM, digitizing government records and services would enhance the country’s science-based planning and decision-making, as well as streamline business transactions.
Technological Superiority:
In turn, the Philippines’ hopeful adoption of Venom can signify a new and exciting stage in the Venom network’s growth. The billions of additional transactions will add enormous value to the network, introduce it to millions of new users, and provide a blueprint for other projects of a similar scale on how to use Venom to maximize their efficiency. Furthermore, the dramatic increase in network transactions will make being a validator on Venom even more lucrative, bolstering the network’s health.
Leadership Perspective:
The Venom Foundation’s CEO, Christopher Louis Tsu, commented on the news that the Philippines prints approximately 10 billion paper receipts annually. He said, “Transitioning to digital receipts using the Venom blockchain not only reduces printing and processing costs but also demonstrates the massive utilization of the Venom blockchain in the form of hundreds of millions of Venom tokens annually. With its incredible throughput of 100,000 transactions per second and low transaction costs, Venom is becoming a leader in institutional blockchain solutions.”
By selecting Venom, the NPO and the Philippine government as a whole will demonstrate readiness to keep pace with the times and to adopt advanced technologies to achieve better outcomes in governance and citizen services.
About the National Printing Office (NPO) in the Philippines
NPO, the foremost Recognized Government Printers (RGP) in the Philippines, is responsible for printing accountable and non-accountable forms and documents essential to the Philippine government’s operations. The NPO’s digitization initiative, supported by Venom’s blockchain technology, aims to enhance the efficiency and security of government services.
For more information, please refer to the official Philippine government release: Venom Blockchain Boosts Digitization in the Philippines.
by Ferry Bayu | Aug 1, 2024 | Business
Venom Foundation, developer of the Venom Blockchain, together with global company Miquido, will work on digitization efforts championed by the government. Experts estimate that digitalizing the economy could lead to an annual GDP growth of one to two percent, which means billions of dollars in additional revenue that could boost the economy, help improve the quality of life of Filipinos, and develop infrastructure.
The National Printing Office (NPO), which is working on its own digitalization roadmap, is expected to benefit from the digitization efforts, as in the country, at least 6.5 billion receipts are being printed annually. Most of the receipts are issued in accordance with the requirements of the Bureau of Internal Revenue, which regulates the issuance of official receipts and commercial invoices through the Electronic Invoicing System that has been introduced to reduce VAT fraud and improve tax collection and administration.
President Ferdinand “Bongbong” Marcos Jr. has pressed for full digitalization under his administration to provide better services for Filipinos and eradicate corruption. According to President Marcos, digitizing government records and services would help support its science-based planning and decision making, as well as improve business transactions.
The NPO, headed by Director Renato Acosta, is moving towards digitizing accountable forms. Approximately more than 10 billion accountable forms are printed annually.
Looking into and using the Venom Blockchain and the Miquido technology stack, the NPO can transition to the issuance of electronic forms to not only reduce printing and processing costs but also increase transparency and security of financial transactions. Venom Blockchain proved it is superior to other blockchain platforms like Hyperledger, Ethereum, and R3 Corda.
Implementing blockchain technologies specifically in government processes helps to increase transparency, reduce corruption, and improve data management. This will not only strengthen the economy but also increase the people’s trust in government institutions.
Transitioning to electronic receipts based on Venom Blockchain technology will not only reduce printing and processing costs but will also increase the transparency and security of financial transactions.
Venom Blockchain technology is known for its security, scalability, and efficiency. Venom focuses on distributed ledgers, CBDCs (central bank-backed digital currencies), and asset tokenization. Several countries have already chosen the Venom Blockchain for the digitalization of their economies, including the creation of digital currencies, data management, and the development of private blockchains for government and corporate needs.
Venom Foundation aims to bring transparency and innovation to the industry as a leading global blockchain company. It endeavors to provide infrastructure to governments and web3 projects while empowering emerging economies in the Middle East and North Africa with its unique technology.
On the other hand, Miquido’s rich technology stack enables a smooth and reliable digital transformation by providing comprehensive services that embed technology into business. Its expertise in Android, iOS, cross-platform, front-end, back-end, and even artificial intelligence development suits the requirements of governments and the private sector.
Miquido is a Google-certified software development company based in Europe. It is a one-stop software development company that aims to solve business challenges with cutting-edge technology and data-driven research. Among its notable clients include BNP Paribas, a top-tier European and international banking establishment, and Skyscanner, a global leader in travel services.
by | Aug 1, 2024 | Business
For all anime song lovers!! Don’t miss the biggest chance to explore your favorite anime songs in Karaoke Manekineko!
Karaoke Manekineko Malaysia Presents: Anime Song Competition
Kuala Lumpur, Malaysia – Karaoke Manekineko Malaysia is thrilled to announce an exciting Anime Song Competition, set to captivate anime enthusiasts and aspiring singers across the nation. This highly anticipated event offers a unique platform for participants to showcase their vocal talents while celebrating their love for anime music.
Registration Now!
Categories and Prizes:
CATEGORY A – KID (Ages 7 to 12)
– 1st Prize: RM3000
– 2nd Prize: RM2000
– 3rd Prize: RM1000
– Consolation Prize: RM200
CATEGORY B – ADULT (Ages 13 and above)
– 1st Prize: RM3000
– 2nd Prize: RM2000
– 3rd Prize: RM1000
– Consolation Prize: RM200
Registration Closes: 4th August 2024
Competition Schedule and Venues:
Category A – Kid Qualifying Rounds:
– 17th August 2024 (Saturday), 12pm-5pm at Karaoke Manekineko Paradigm Mall
– 21st September 2024 (Saturday), 12pm-5pm at Karaoke Manekineko Avenue K
Category B – Adult Qualifying Rounds:
– 19th October 2024 (Saturday), 12pm-5pm at Karaoke Manekineko Berjaya Times Square
– 16th November 2024 (Saturday), 12pm-5pm at Karaoke Manekineko Bukit Bintang
Finals:
– Category A – Kid Final:
14th December 2024 (Saturday), 12pm-5pm at Karaoke Manekineko Berjaya Times Square
– Category B – Adult Final:
15th December 2024 (Sunday), 12pm-5pm at Karaoke Manekineko Berjaya Times Square
How to Register:
1. Scan the QR code above or click here to access the registration form.
2. Record a 30-second performance of your chosen anime song.
3. Send the video file directly to our mailbox at *************************@***il.com“>ma*************************@***il.com. Ensure the file size does not exceed 25MB.
4. Include your name when submitting the video.
5. Fill out the registration form with all required information. If you are selected for the qualifying round, we will contact you with further details.
Competition Rules & Regulation
1. Categories:
– Category A: Participants aged 7 to 12 years old.
– Category B: Participants aged 13 years and above.
2. Eligibility:
– Open to all Malaysians and foreigners with a valid passport.
3. Performance Requirements:
– Each participant must present a 30-second segment of their chosen anime song and email it to: *************************@***il.com“>ma*************************@***il.com.
4. Rights and Permissions:
– Karaoke Manekineko reserves all rights related to the competition, including but not limited to the use of recordings, photographs, and videos of participants.
– By participating, candidates agree to be recorded during both the qualifying rounds and the final competition.
– Karaoke Manekineko reserves the right to change, modify, or amend these rules and regulations at any time without prior notice.
5. Song Selection:
– Participants must choose and perform a song related to anime.
Don’t miss this incredible opportunity to shine and win fantastic prizes! Register now and be a part of the most exciting Anime Song Competition of the year.
For more information and updates, visit our website or contact us at *************************@***il.com“>ma*************************@***il.com
by | Aug 1, 2024 | Business
Iloilo City- Following its successful launch last May 2024, Filipino Transport Network Company (TNC) Unified Transport Operations League (UTOL) expands its operations to other provinces in the Philippines and is now making its presence felt in Iloilo City, one of the major centers of business in Western Visayas.
Atty. Orly Ocampo, Head of the Legal Department of UTOL, noted that the move to expand into provinces was in response to the Board Resolution of the Land Transportation Franchising and Regulatory Board (LTFRB) which opened slots for transportation network vehicle service (TNVS) applications in the Visayas and Mindanao Regions.
“The LTFRB Board resolves to open TNVS slots in Region 6 ( Western Visayas) which includes Iloilo, Aklan, Capiz, Antique and Bacolod. For this year, the agency opened 1,600 slots. UTOL will expand to regions where there are open slots to address the demand of the market,” Atty. Orly Ocampo, Head of the Legal Department noted.
UTOL chairman of the board Roland Maningas shared that unlike Metro Manila, TNVS availability in the provinces remain untapped and there is a big market that TNCs can expand into. In fact, TNVS services in many tourist destinations are underutilized, with many driver operators offering vehicles for hire at a daily or hourly rate instead. “We saw that in the provinces, there is demand for TNVS services, usually fueled by tourists. However, the riding public and public utility vehicle drivers and owners in these areas are not wholly familiar with the TNC concept. We want to be the first to penetrate these new markets. We want to educate both the riding public and the driver operators and show to them that there are other ways to get around in their areas and provide better transport services,” he said.
UTOL originally wanted to focus solely on Metro Manila as it irons out its operations, but with the opening of slots in other provinces, the company saw an opportunity to grow its presence and leverage on the advantages in being the first mover.
“The open slots give UTOL the opportunity as a TNC to accredit its own fleet of TNVS drivers/operators. We hope that these first-time TNVS franchise holders would also support UTOL. We have said before that we want to be partners with TNVS drivers/operators and help each other build a better future for both of us,” Atty. Ocampo shared.
One of the projects that UTOL has worked out is an agreement between the company and car dealers to provide one-stop shop services for UTOL-registered drivers/operators. “Normally, when someone goes to dealership, customers there only get the unit. However, we have partnered with Toyota Valenzuela and Toyota Pasong Tamo to provide more services to help our driver operators. If they are accredited by UTOL, they also get to avail services such as financing services, insurance, and law offices services. So those who are interested in entering the TNVS services can join UTOL caravans because during these events, everything is already laid out for them, from car ownership, to financing, to TNVS accreditation,” Atty. Ocampo added.
UTOL is also in discussions with other car dealers in provinces to provide these services in order to help support prospective applicants.
The company has also partnered with SSS, with UTOL pledging to subsidize the SSS contributions of eligible drivers/operators. “We will be shouldering the SSS contributions of our driver operators. We only require that they are active on UTOL for 6 months straight. That is the first requirement because that is the minimum required by the SSS under the program. This incentive program is our way of showing to our drivers that we value them and UTOL supports them in many ways, not just by offering an online platform as a TNC,” Maningas shared.
UTOL has just opened its first Iloilo office at 14A Blk 2 Lot 15, Bankers Village, Brgy. Quintin Salas Jaro, Iloilo City with contact numbers 09668610750 and 09085409409. A Grand motorcade will happen on July 27, 2024 starting at Robinson Pavia and ending at Park Inn by Radisson.
UTOL is an All-Filipino ride-hailing transport network services company that aims to address the needs of both the riding public and TNVS driver and operators.
The company had its major press launching event last April 30, 2024 at the Champagne Room of the Manila Hotel and its Grand Launching Event last May 8, 2024 at the Palacio de Manila where more than 500 drivers attended to signify their full support.
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