METRO MANILA – Looking for the official 6/42 Lotto Result? Here is the official 6/42 Lotto Result Today, Saturday, May 8, 2021, based on the official draw of the Philippine Charity Sweepstakes Office (PCSO). Please refresh this page after the 9PM draw to view tonight’s winning combination.
6/42 Lotto is one of the most popular 6-digit game in the Philippines. It is the country’s first national lottery game where players get the chance to win at least P5,940,000 (initial jackpot prize). The jackpot prize keeps on growing based on nationwide sales until there is a jackpot winner.
6/42 Lotto Result Today, May 8, 2021 (PCSO) [ 15-36-03-24-06-08 ]
Please refresh this page after the 9PM draw to view the latest result. Congratulations!
How to Play 6/42 Lotto:
Each Lotto 6/42 ticket costs 20.00. You may select your own 6-number combination from 1 to 42 on each board or play Lucky Pick (LP) and let the computer choose your numbers.
To play with the same selected numbers for more than one draw, mark your preferred number of draws you want to play in DRAW panel.
SYSTEM play is also available for this game. Simply select the 5R, SYS 7 up to SYS 12 option in your playslip to play your preferred System game and pay the corresponding amount.
https://youtu.be/BMOXHOXs4_c
Live draws are broadcasted over PTV4 and livestreamed over pcso.gov.ph, PCSO Games Hub and Philippine Charity Sweepstakes Office Official Facebook page and PCSO Official YouTube Channel at 9:00PM every TUESDAY, THURSDAY and SATURDAY where the six (6) balls numbered 1 – 42 are selected.
If the selected 6-number combination in your ticket matches the officially drawn 6-winning number combination you win the jackpot prize. However, if more than one player picks the same winning 6-number combination, the jackpot will be divided equally among the jackpot winners.
Consolation or low tier prizes are also available for anyone who matched 5 out of 6 down to 3 out of 6 numbers.
Reminders from PCSO:
You must be at least 18 years old to buy UltraLotto 6/42 Tickets or claim your winnings.
The 20.00 play amount is inclusive of 20% Documentary Stamp Tax (DST)
Players have the sole responsibility for checking the accuracy of the data printed on your ticket(s) including bet type, bet amount, the draw date you want to enter and the numbers you want to play.
Please ensure that you check your numbers at the official PCSO website. BusinessNews.ph cannot be held responsible for any misprints, typos or inaccuracies that lead to any financial loss or failure to claim winnings.
METRO MANILA – The Philippine Charity Sweepstakes Office (PCSO) is drawing the official 2D Lotto Result Today May 8, 2021, for 2PM, 5PM, and 9PM draws. Check your tickets here to find out if you won!
2D Lotto is also known as Ez2 Lotto. It is one of the most popular digit games in the Philippines. The PCSO conducts live draws via social media for this game at 2PM, 5PM, and 9PM every day.
2D Lotto Result Today May 8, 2021: 2PM: 28-05 5PM:15-29 9PM: 14-04
Congratulations for winning today’s lucky combinations! For P10,001.00 and up, excluding the Jackpot Prize, prizes can be claimed in PCSO Branch Offices in your area or at the PCSO Head Office.
For P24 up to P10,000, prizes can be claimed at the Lotto outlet where you bought your ticket or at the PCSO Branch Offices in your are in.
Using the 2D Lotto playslip, select a set of two (2) numbers from a field of 1 to 3. You may also play the Lucky Pick (LP) if you do not have any number in mind. After marking your chosen numbers, mark the amount that you’re going to play for each combination. Play amount varies from PhP12.00 to PhP600.00 inclusive of 20% Documentary Stamp Tax (DST).
You can also mark “Rambolito” if you want to play the 2D Lotto System bet. The minimum play amount is 12.00 per 2-number combination.
In playing via Advance Draws, mark how many consecutive draws you want to play in the DRAW panel. You can play the same numbers and play type for six (6) consecutive draws.
Pay 12.00 for each play per draw.
You win 4,000.00 for every 12.00 play, if your selected 2-number combination match the winning 2-number combination in exact order. If you have selected the winning 2-number combination and have chosen the “Rambolito” game, you win 2,000.00 for every 12.00 play.
Reminders from PCSO:
You must be 18 years old or older to buy 2D Lotto Tickets or claim your 2D Lotto winnings.
The 12.00 play amount is inclusive of 20% Documentary Stamp Tax (DST)
Players have the sole responsibility for checking the accuracy of the data printed on your ticket(s) including bet type, bet amount, the draw date you want to enter and the numbers you want to play.
Please ensure that you check your numbers at the official PCSOwebsite. BusinessNews.ph cannot be held responsible for any misprints, typos or inaccuracies that lead to any financial loss or failure to claim winnings.
METRO MANILA – Here is the official 3D Lotto Result today, Saturday, May 8, 2021 from the Philippine Charity Sweepstakes Office (PCSO) based on 2PM, 5PM, and 9PM live draws online.
3D also known as Swertres is one of the most popular digit games in the Philippines. The PCSO releases official 3D result / Swertres result for 8 May 2021 at 2pm, 5pm and 9pm. Refresh this page after the scheduled draw time to see the latest results.
3D Lotto Result Today May 8, 2021 from PCSO (Swertres):
Congratulations to all the winners. if you did not make it in today’s draws, don’t worry, there are still more draws to come. 3D Swertres tickets are still at P20 each. Please check this post regularly for the latest 3D Swertres Lotto results from the Philippine Charity Sweepstakes Office (PCSO).
Only persons aged 18 and above are allowed to play Swertres Lotto. Players are responsible for checking the accuracy of the data printed in their tickets.
Select your Swertres number combination by marking one (1) number out of numbers 0 to 9 in each of the three columns.
Mark LP (Lucky Pick) if you want the terminal to choose the number combination for you.
Select your play amount.
Mark Rambolito if you want to play Rambolito 3D Lotto System Bet.
For Advance Plays, mark the number of consecutive draws in the Draw panel.
Where to Claim 3D Lotto Prize/s
For P10,001.00 and up, excluding the Jackpot Prize, prizes can be claimed in PCSO Branch Offices in your area or at the PCSO Head Office.
For P24 up to P10,000, prizes can be claimed at the Lotto outlet where you bought your ticket or at the PCSO Branch Offices in your are.
Please ensure that you check your numbers at the official PCSOwebsite. BusinessNews.ph cannot be held responsible for any misprints, typos or inaccuracies that lead to any financial loss or failure to claim winnings.
Broadcast live from Washington DC, June 18-19, 2021, with contributions from chapters around the globe, GBA will virtually present its annual state of the union to the world. The GBA global leadership team will present their blockchain results so far and discuss where we are headed for the next decade.
The featured Keynote speaker, Dr. Robert Brown will share his wisdom gained from decades of working with world leaders, industry titans, and civil rights leaders. The Washington Post called him a “World Class Power Broker”. Just some of his many accomplishments include:
– Key advisor to the late Dr. Martin Luther King, Jr.
– Involved in the Robert Kennedy campaign
– Special Assistant to President Richard Nixon
– Close friend and confidant of Nelson Mandela
– Consulted with many prominent US corporations on race relations and crisis management
– Worked on the committee that established the legislation creating the Office of Minority Business Enterprise within the US Department of Commerce
– He signed the documents that increased funding for historical black colleges & universities under President Nixon
– Serves on the boards of numerous universities and corporations
– He holds eleven honorary doctorate degrees from prestigious institutions of higher learning.
Dr. Brown has handled communications and race relations during pivotal moments of the civil rights movement. His ability to build bridges between Democrats and Republicans during the Civil Rights heyday, makes him an exceptional choice for blockchain leaders who will face inevitable backlash as this technology revolutionizes the landscape for many in power. How are we to move forward in a respectful and mutually beneficial manner?
As blockchain technology continues to disrupt every industry, GBA influencers will need to hear the lessons learned from this icon of history.
The Government Blockchain Association, (GBA), is honored to have Dr. Brown as a keynote speaker for Blockchain and Liberty for All.
“Political freedom must be accompanied by economic freedom for people to be truly free. Blockchain Technology is a new frontier in the economic landscape,” says Gerard Dache, Executive Director, GBA.
Butterfly Protocol (www.butterflyprotocol.io), the blockchain-based web naming system built for the decentralized internet, today announced that it is opening up additional sponsorship options for top-level domains (TLDs), allowing anyone to create and totally control their own decentralized, token-powered ecosystem. This move compliments the original sponsorship option where TLDs can be sponsored and are controlled by the common governance contract.
The movement to a decentralized web has been accelerating recently due to highly visible censoring such as Facebook’s ban on allowing Donald Trump access to posting, the takedown of the Parler social media app and the continuing restrictions on free speech by authoritarian governments. Blockchain domain systems such as Unstoppable Domains, Handshake and ENS have been paving the way for making the decentralized and distributed web accessible and Butterfly is taking that access to a new level.
As opposed to the existing platforms, Butterfly allows for the sponsorship of practically any TLD. Rather than being stuck in the confines of .crypto or .eth as TLDs, sponsors can create their own such as .token, .defi or even .trump, .biden, or .obama. As a decentralized autonomous organization (DAO), Butterfly does not limit the community to what can be created but there are measures being initiated soon to discourage the use of existing TLDs from other sources and those that are clearly trademarked.
The process to sponsor TLDs can come in two forms. The light version where anyone can go to the ButterflyProtocol.io domain panel and contribute approximately 9000 BFLY tokens to initiate the creation. Or the custom option where it requires 100,000 BFLY tokens for complete control of that TLD’s domain environment. For custom requests, Butterfly support works directly with the sponsor for the creation of the TLD and the subTokens associated with that name.
To learn more about the Butterfly Protocol, the BFLY token and how to participate in the quickly evolving decentralized web, please click here.
About Butterfly Protocol
Butterfly Protocol is a blockchain-based web naming system built for the decentralized internet. Butterfly’s Decentralized Autonomous Organization offers a registry platform that allows people to purchase top-level domains using cryptocurrency in the form of its utility token, BFLY. Butterfly Protocol uses blockchain technology to create a system similar to ICANN without centralized control. Butterfly Protocol allows anyone to suggest, sponsor, or bid on the creation of new top-level domain names, and receive a share of the tokens associated with the name, which they can use to create subdomains and continue growing the decentralized web. Along with domain names, Butterfly allows for each domain address to be used for several unique functionalities, including cryptocurrency transactions, messaging, and social media.
Don Muang Tollway PCL (SET:DMT), an experienced transportation infrastructure management company and an operator of the Uttraphimuk Elevated Toll Road or Don Muang Tollway, will begin its trading on the Stock Exchange of Thailand (SET) on May 7, 2021. With expertise in managing a toll road business for over 30 years, the company is looking for new investment opportunities and aiming to become a leader in developing and managing transportation infrastructure projects in Thailand, creating sustainable growth and ensure steady returns for its shareholders in the long term.
Mr. Tarnin Phanichewa, Managing Director of Don Muang Tollway, reports that the company will begin trading its shares on the Stock Exchange of Thailand (SET) on May 7, 2021, under the Transportation and Logistics sector with the symbol of DMT.
DMT has been well preparing on business expansion plans to take advantage of public-private partnership opportunities, allowing private sectors to participate in infrastructure development projects with the government. Leveraging on its strengths and having more than 30 years of experience in managing Don Muang Tollway, the company is in a good position to participate in the 20-year Intercity Motorway Development Master Plan envisioned by the Department of Highways. Besides, the company is interested in non-toll businesses such as highway rest area projects.
Part of the fundraising proceeds will be used for the debt repayment in order to be a debt-free company, reducing the financial burden and strengthening the company’s financial position. The business expansion plans together with its strong financial position will boost sustainable growth and ensure good returns for shareholders in the long run.
“I would like to thank you all investors for trusting in DMT. We are determined to become a leading player in the development and management of transportation infrastructures in Thailand. With our over 30-year experience and expertise in the business, we believe that we will play an important role in improving Thailand’s competitiveness by creating high-quality transportation infrastructures and transportation network, and at the same time we also believe that DMT will be able to achieve stable growth and decent rate of returns to our shareholders,” Mr. Tarnin says.
Mr. Varah Sucharitakul, Executive Director of Finansa Securities Limited, as the sole lead underwriter, says DMT’s IPO received a very warm welcome from investors. IPO fundraising proceeds will definitely strengthen the company’s financial status and enable DMT to be a debt-free company. With DMT’s dividend policy having a payout ratio of not less than 90% of net profit after the capital reserve as required by law, we believe that the investors will receive stable and attractive returns.
On top of that, investors will benefit from the public-private partnership opportunities allowing DMT to selectively participate and invest in various projects under the 20-year Intercity Motorway Development Master Plan under the responsibility of the Department of Highways, he adds.
Mr. Worawas Wassanont, Managing Director of Avantgarde Capital Co., Ltd., as the financial advisor, says DMT’s stock will be in the spotlight from the investors because of its strong business fundamentals and its expertise in transportation infrastructures. By utilizing modern technologies on the traffic management, the operation of the Don Muang Tollway has become more efficient as well as be ready for the 24 hours to ensure prompt services to the Tollway users and for the increasing number of Tollway users which are expected to be the normal level after the end of COVID-19 pandemic.
DMT is also leveraging on its knowledge and experience to expand its businesses, enhancing decent returns to all shareholders, he says.
Series of start-up programmes helps nurture local entrepreneurs
The Hong Kong Trade Development Council (HKTDC) today announced the launch of the inaugural Hong Kong Start-up Fiesta campaign that will run in May and June.
Comprising a full range of activities organised by the HKTDC and other organisations, the aim of the campaign is to support and foster the local start-up eco-system and help innovative new companies capture business opportunities amid the challenges of the pandemic.
Speaking at today’s ceremony to mark the launch of the Hong Kong Start-up Fiesta campaign, HKTDC Assistant Executive Director Stephen Liang said the HKTDC will work with different organisations to co-create a series of start-up-focused activities in May and June.Stephen Liang, Assistant Executive Director, HKTDC (front row, second from right), Jason Chiu, Chairman, Hong Kong Start-up Council (front row, from right) and Mark Lo, CEO, AMTD (front row, from left) took a group photo with the 10 selected scale-ups for the Start-up Express Master League, including Contact Beverage, CYC Motor, Film Players, Gense Technologies, Incus, Koofy Development Limited, MAD Gaze, Return Helper, MedEXO Robotics and Miscato.MAD Gaze employs mixed reality (MR), virtual reality (VR) and augmented reality (AR) to produce the next generation of smart eyewear.
The number of start-ups in Hong Kong has more than doubled over the past six years, surging from 1,558 in 2015 to 3,360 in 2020. In order to empower local start-ups, the HKTDC will work with different organisations for Start-up Fiesta, including Cyberport, Hong Kong Science and Technology Parks, InvestHK, universities and the start-up community, to co-create about 20 different start-up-focused activities. Anchored by the Start-up Express Master League and annual Start-up Express Pitching Final, the campaign also features a series of booster workshops, mentorship programmes and networking events.
Speaking at today’s opening ceremony, HKTDC Assistant Executive Director Stephen Liang said the HKTDC would continue its commitment to supporting entrepreneurs in expanding their businesses, in addition to promoting the city’s capabilities in innovation and technology. “The COVID-19 pandemic has had a big impact on the global economy, which means start-ups need our help more than ever. Giving start-ups the chance to use their creativity to explore business opportunities will help them continue to grow during this challenging time. The debut Start-up Fiesta campaign enlists the support of different organisations in the ecosystem, co-creating an array of activities to promote local entrepreneurship.”
Start-up Express Master League promotes local scale-ups
The Start-up Fiesta kicked off with the Start-up Express Master League, which aims to encourage and support local entrepreneurs, selecting programme alumni that have demonstrated the most vigorous business growth since joining the cohort. The selected scale-ups will be granted an extra year of marketing support from the programme to help them build their brands.
The 10 scale-ups joining the Start-up Express Master League were selected based on their business resilience, growth and expansion strategy. They include Contact Beverage, CYC Motor, Film Players, Gense Technologies, Incus, Koofy Development Limited, MAD Gaze, Return Helper, MedEXO Robotics and Miscato.
At today’s opening ceremony, the companies shared their experiences in overcoming obstacles and working to achieve breakthroughs during the pandemic. Among them, Contact Beverage has combined technology with traditional wisdom to produce the Lify smart beverage device. Using the Internet of Things, big data and smart mobile technologies, Lify aims to provide natural remedies and beverages in the simplest and most effective way. The company is also looking to launch its innovation in overseas markets with the help of networking and promotional activities organised by the HKTDC.
Another start-up, Incus, has developed disruptive source separation technology that can separate different human voices in complex environments with real-time processing. MAD Gaze is smart glasses company employing mixed reality (MR), virtual reality (VR) and augmented reality (AR) technologies to create the next generation of eyewear. The company recently launched its latest smart glasses model, which allows users to experience the benefits of AR, and has successfully expanded its global footprint with the HKTDC’s support.
The winning scale-ups in the Start-up Express Master League will be able to join a range of local and international activities and events, exploring networking opportunities with potential investors, buyers and business partners. They can also participate in exhibitions and conferences organised by the HKTDC in Hong Kong that have a dedicated start-up zone, such as the Asian Financial Forum, the Hong Kong Electronics Fair (Spring & Autumn Editions) and the Hong Kong International Medical and Healthcare Fair. Moreover, they will also have the opportunity to join the Hong Kong Pavilion at international exhibitions such as the Consumer Electronics Show (CES) in Las Vegas in the United States and the Mobile World Congress (MWC) event in Barcelona, Spain, to broaden their connections and experience.
Fourth Start-up Express helps start-ups to grow
Start-up Express, a start-up development programme launched by the HKTDC, is returning for its fourth edition to assist local start-ups in building connections, exploring markets, seeking partners and developing brand awareness. Applications are invited until 12 May and the programme will culminate in the Pitching Final on 29 June, with the winners given the opportunity to join local and overseas trade promotions and activities organised by the HKTDC, as well as exhibit at international start-up events to expand their business networks.
“Start-up Express has been giving tremendous support to local start-ups over the past three years, helping them explore global markets, seal major orders and win international awards, assisting them in growing their businesses to the next level. With the global economy severely impacted by the pandemic, it is harder than ever for start-ups to find funding and business partners, making it all the more important to assist them in promoting their innovative technologies to corporations,” Mr Liang said.
The shortlisted start-ups in last year’s Start-up Express mainly focused on areas such as artificial intelligence, big data, biotech, the Internet of Things, fintech and robotics. In 2021, more new technologies are explored, including augmented reality, virtual reality, green tech, health tech and retail tech. In recent years, environmental, social, and governance (ESG) criteria have become increasingly important among venture capitalists and corporations, so the Social Impact Award has been established to recognised innovative and ground-breaking start-up ideas that create real social impact.
Holistic support for start-ups
Co-organised with the Hong Kong Startup Council, Enterprise Connect: Solution Day will be held in mid-June and invites start-ups in medtech, food tech and wellness tech to present their ideas under the theme “Well Being Tech”, pitching to business users and fostering collaboration between start-ups and user enterprises. Co-organised with The Hong Kong Federation of Youth Groups, the Young Founders’ Camp equips young entrepreneurs via brainstorming workshops and mentorship sessions, offering a testing ground for them to implement their start-up ideas through HKTDC-organised events such as SmartBiz Expo and Entrepreneur Day. Meanwhile, the success stories of various Start-up Express alumni will be brought together in the Start-up Express Digital Book: A Journey to Success.
Partner organisations of the Start-up Fiesta, including W-Hub, Entrelink, Advantage Austria, Junior Achievement Hong Kong and more, will organise various seminars and workshops to provide networking opportunities to support local start-ups.
Attracting investors
The AMTD Group is the Sole Strategic Partner of Start-up Express for the third consecutive year. Calvin Choi, Chairman of the Board of Directors and Chief Executive Officer of AMTD Group, Founding Chairman of the Greater Bay Young Entrepreneurs Association (“GBYEA”), Vice Chairman of Greater Bay Area Homeland Youth Community Foundation and the Vice President of China Young Entrepreneurs Association believes that core values and fundamental business models for start-ups must be solid, sustainable and resilient. Accordingly, there will be opportunities available for the more ready start-ups no matter during good times or bad times, and even during extreme situations such as the COVID pandemic, as long as the entrepreneurs have clear vision and strategy to navigate beyond status quo to rise up as a winner in due course.
“The global economy has been severely affected by the pandemic, and inevitably this has also impacted the investment sentiment. This makes it even more crucial for founders of start-ups to embrace developments and visions beyond the current points in time but into a sustainable long term future,” Mr Choi shared his perspectives, given that the AMTD Group has invested in many start-ups around the world, paying close attention to factors such as the comprehensiveness of business solutions, cross-region and cross-platform features, growth trajectory, sustainability, scalability and the team’s vision and resilience.
On March 28, FMC-Film Music Contest 2021 the unique international music competition and awards and one of the largest competitions of its kind in Europe expanding into Asia, has opened online registration for the regular and new competition categories.
1. Films, TV series, videos with original music
Film and TV creators, production companies, national and private television stations, independent creators and audio-visual content producers may also participate in the new year of the unique international competition and awards FMC-Film Music Contest 2021.
You may submit films, videos and TV series of any genre without regard to the date of their creation. This includes any experimental, animated, documentary sci-fi films, films for children or genre hybrids with original music.
The music is the main and most important component evaluated in these works.
Members of the prestigious international jury FMC 2021 will decide which films or television series with original music will be this year’s finalists and who will be the overall winner.
“In the past, we have discovered many very interesting films, videos and serials in different genres from many countries around the world for this category. The works were often visually ambitious; however, we were mainly interested in the sound component of the film and the original music score. We also screened the finalists at the closing gala ceremony, and it was a genuine experience for all the international guests in the hall,” said FMC Director Vlado Zeleznak Jr.
In the past, this competition category was dominated by American and EU production, but also included works from Australia and New Zealand.
“Since FMC is attempting to incorporate Asia, we believe that Asian filmmakers and television with their extensive and high-quality production will also sign up for this year’s competition,” added Vlado Zeleznak Jr.
You can submit your films and videos in mp4 format with a maximum file size of 500MB to this category with a maximum length of 10 minutes.
The Deadline to enter Films, TV series, videos with original music is on August 31, 2021
2. Trailer Music “Iceland”
FMC in collaboration with talented film and video maker, photographer and traveler Vlado Lorinc brings a completely new opportunity for all musicians to create their creative idea and compose trailer music for the travel documentary “The way of inspiration Iceland”.
Iceland – popular spot and prominent location for Hollywood blockbuster films or tv series (Star Wars, Prometheus, Game of Thrones, Star Trek: Discovery, Interstellar, James Bond-Die Another Day, Fast & Furious 8) will be a location for all our competitors who will be able to realize their creative compositional ideas without any restrictions.
The competition is open to composers, sound designers, producers, musicians without age limit who will be able to work on the film in their studios and subsequently submit a film with original music online to the competition for the evaluation process.
For many composers, this may be their first experience of working on a professional film and try the whole process of musical composition. They will have plenty of time to create an interesting and unique musical perspective and further enhance the experience of this film work about a unique Iceland.
We believe that the whole process will be fun for the competitors, enriching with the same chance to advance to the semifinals and finals or become an absolute winner.
3. Compose Music for the Animated Sci-Fi film “To the Pathfinders of the Universe” by filmmaker, artist and visionary Alexander Krasnov.
This film is a sequel to the successful film scoring category, where composers and sound designers will be able to compose an original composition for this visionary work.
“This video is dedicated to all the researchers of this astonishing and bottomless space called Cosmos. Whether it’s a vanguard of spaceships discovering new worlds, or scientists broadcasting from their sterile observatories – all of them, day by day, are helping us get closer to a more holistic understanding of the Universe,” said Alexander Krasnov author of the film.
The Deadline to enter Animated sci-fi film category is on July 31, 2021
Along with the opening of the competition, FMC 2021’s official video trailer was also unveiled. https://youtu.be/x4F-IgfQjJg
Who will judge and listen to competition entries?
An elite group of professionals from the EU, USA, Asia and Australia will be made up of representatives from the music and film business who actively work for national TV broadcasters, the largest Asian and Hollywood film studios, cultural or theater institutions, agencies as well as for Netflix.
Valuable Prizes
Organizers are proud that thanks to this year’s exclusive partners as well as event partners the prizes will be in such a high value of more than 58 000 Euros.
Follow FMC-Film Music Contest on Social Media: Facebook: facebook.com/FilmMusicContest Instagram: instagram.com/fmcontest YouTube: http://bit.ly/3oOaG48 #fmcfilmmusiccontest
Media Contact:
Mgr. Vlado Zeleznak Jr.
Director, FMC-Film Music Contest, PRESS FMC
E: press@fmcontest.com
The Group also proudly announced the completion of its first residential project in Malaysia – Rica Residence @ Sentul.
FajarbaruBuilder Group Bhd, a Bursa Malaysia Main Market listed company primarily involved in construction and property development, is upbeat on its property segment’s outlook in anticipation of the economic recovery supported by the National Covid-19 Immunisation Programme.
The company is also looking to launch new property projects towards second half of this year once market conditions improve.
The Group recently completed its maiden development Rica Residence @ Sentul on schedule, and started handover in mid-March this year. The handover was originally due to kick off up to 3 months earlier, but was delayed due to MCO restrictions.
Fajarbaru Group Chief Executive Officer Dato’ Sri Eric Kuan Khian Leng said: “The property division remains a significant revenue generator for the Group in addition to our core business in construction. We have property development interest not just in Malaysia but in Australia as well. Although the Covid-19 pandemic has certainly affected the property segment, there are positive signs that market conditions will improve and we can capitalise on it as long as we adapt and innovate accordingly.”
Rica Residence @ Sentul, which has a gross development value (GDV) of RM292.49 million, is Fajarbaru’s maiden property development in Malaysia. Despite coming from a ‘construction-based’ background, the Group’s property development segment under its wholly-owned subsidiary Fajarbaru Land has made good on its promise of quality to its first customers and delivered extra value to buyers with the instalment of polyurethane (PU) flooring for its carparks as well as 3 electric vehicle (EV) charging stations.
The latest take-up rate of Rica Residence @ Sentul stands at 82% (including booking). On the balance units, he said, “We are currently in the midst of releasing the remaining developer units. We believe there will be a strong take-up after MCO – the near-completion of the MRT2 in 2022 is also a positive boost for us to do so smoothly. We target to sell off the remaining units by end of 2021.” “Once market condition improves, we will also look into the possibility of launching the Rica Residence @ Kinrara project in 2021 which will be based on a condominium development concept.” Eric noted.
Meanwhile in Melbourne, Australia, the Group reported that its AUD182.84 million GDV Paragon Queen Street development was completed recently. Its latest take-up rate stands at 93%, and the developer is fairly confident of the sales of the remaining units in its project which has won awards in the Asia Pacific Property Awards 2018-19 and iProperty Development Excellence Award 2019.
This is Fajarbaru’s second development after the success of its first sold-out project called ‘Gardenhill’ in Melbourne in 2017. The Group is now on to its third development here, a project comprising 15 residential two-storey houses along Merri Creek in Northcote, Melbourne.
“The construction from Northcote has not yet started, but it is scheduled for a soft launch sometime in mid-2021 and the interest has been encouraging due to the location. This project will increase our presence in the property market in Melbourne, Australia and expand the Group’s earning base,” said Eric. The estimated GDV for the Northcote development is approximately AUD40.20 million.
Going forward, Fajarbaru is looking into expanding its local property development footprints not just in the Klang Valley, but also into Penang and Putrajaya once the economy fully reopens. Eric reckons that for projects in prime locations, high-end landed property development will be viable but the market demand for affordable housing and family upgraders cannot be neglected.
The Group will continue exploring landbanks in locations that can generate income for now, and be on the lookout for potential joint-ventures to develop properties in Malaysia and Australia. Fajarbaru is cautiously optimistic on the growth prospects of its property development segment in 2021 and beyond in line with the expected recovery of market conditions.
The Place Holdings Limited (“The Place Holdings”, the “Company” and together with its subsidiaries, the “Group”), an SGX mainboard-listed company with a primary focus on integrating traditional businesses and new growth opportunities in the digital economy, is pleased to announce that the land site, held by its subsidiary Tianjie Yuntai Wanrun (Xiuwu) Property Development Co., Ltd. (“Tianjie Yuntai Wanrun”), has been assessed and revalued at RMB 481 million by one of China’s leading valuation companies, WorldUnion Property Assessment Co., Ltd.
Compared to the valuation of the land site of RMB 112 million as at 30 September 2020, the revaluation of RMB 481 million after the change in zoning represents a substantial increment in value of RMB 369 million, which is an increase of 329% from RMB 112 million.
The size of the land site is approximately 270,500.64 square metres. It is strategically located within Mount Yuntai Tourist Township, where hospitality properties, wellness resorts, integrated retail and commercial developments and theme parks are been planned and some are currently under development.
The revaluation of RMB 481 million of the land site is primarily based on the change in zoning from commercial to residential and it also take into consideration the increase in land-use rights assigned to the land from its existing 40 years to 70 years, larger buyer group and as well as the current developments and completed infrastructure surrounding the area.
Mount Yuntai Tourist Township is located at the entrance of Mount Yuntai, which is approximately 70km from Zhengzhou City, the provincial capital of Henan Province in the PRC.
Highly accessible and connected via various transportation networks, Mount Yuntai Tourist Township is just a 20 minutes ride from Jiaozuo high-speed rail station and a 45 minutes drive from Zhengzhou International Airport.
Mount Yuntai is a tourist site with the highest “AAAAA” rating under the Tourism Attraction Rating Categories of China. Mount Yuntai is also listed as one of the National Parks of China and as a geological park in the Global Geoparks by the United Nations Educational, Scientific and Cultural Organization. In 2019, approximately 6 million visitors visited Mount Yuntai.(1)
Tourism has become an essential contributor to China’s domestic economy and it is a cornerstone of the government’s long-term goal to create a consumption-driven economy. The emergence of an affluent middle class and an easing of movement restrictions for locals and foreign visitors are both supporting this domestic travel boom.
According to China’s Ministry of Culture and Tourism, travelers made 102 million domestic trips during the annual holiday (over an extended three-day weekend) in April 2021. The figure was 94.5% of the number of trips made during the holiday in 2019, the year before COVID-19 hit.(2)
Under the leadership of Executive Chairman, Mr Ji Zenghe and Chief Executive Officer, Mr Fan Xianyong and combined with their deep property development experience and long-standing business track record, The Place Holdings has established a business model that integrates omni-channel strategies and innovative business concepts (such as “new-retail” solutions, last mile logistics, immersive virtual reality technology, enterprise intelligent connectivity) within its 3 core business pillars that include property, cultural tourism and integrated media-related businesses to create new value propositions.
Mr Ji Zenghe, Executive Chairman of The Place Holdings, said, “While China’s giant middle-class continue to grow rapidly, the hectic lifestyles of Chinese consumers have spurred significant opportunities in the tourism and wellness industries.
In addition, the COVID-19 pandemic has created pent-up demand for travel and cultural immersion activities in China.
With Mount Yuntai’s strategic location that is within an hour’s drive from a catchment zone of nearly 40 million people, the substantial increment in value of our land site from the revaluation highlights the underlying value and strong prospects of Mount Yuntai Tourist Township.
Integrating new digital solutions with traditional property development approach, there is strong potential for us to create new value propositions with our land site that caters to the demand for quality accommodations at Mount Yuntai.”
This document is to be read in conjunction with The Place Holdings’ exchange filings on 5 May 2021, which can be downloaded via www.sgx.com.
About The Place Holdings Limited (SGX Code: E27)
Listed on the Mainboard of the Singapore Exchange, The Place Holdings Limited (“The Place Holdings”, the “Company” and together with its subsidiaries, the “Group”), focuses on integrating traditional businesses with omni-channel strategies and digital solutions (such as “new-retail” solutions, last mile logistics, immersive virtual reality technology, enterprise intelligent connectivity) to harness new growth opportunities in the digital economy.
The Group has established a strong business platform to create new value propositions within its 3 core business pillars:
1. Property development and property management activities
2. Cultural tourism and related “new retail” businesses
3. Integrated media-related businesses with management & operation rights
The Group is backed by the key management team of The Place Investment Group, a multi-billion PRC conglomerate that has a strong track record for its extensive business portfolio in tourism, media, property management, biomedical technology investments and international trade.
Embolden with a new business approach and forward-looking corporate culture, The Place Holdings is expanding its business presence with high growth businesses in Singapore and China through organic and inorganic initiatives.
