business

KSL Capital Partners & Soneva Resorts A Cautionary Tale of Due Diligence

KSL Capital Partners, a prominent private equity firm boasting over 165 companies in its portfolio and managing a staggering $21 billion in assets, is known for its keen eye for exceptional businesses. With a focus on operational expertise and collaborative partnerships, one might wonder how such a powerhouse could find itself entangled in the web of controversy surrounding Soneva Resorts and its CEO, Sonu Shivdasani. Soneva, formerly Soneva Resorts and Residences, stands as a testament to luxury hospitality, with its roots tracing back to its founding in the Maldives in

AI-Blockchain Platform ChainGPT Secures Launchpad with Blockpass KYC

HONG KONG, July 8, 2024 - (ACN Newswire) - The advanced AI model for blockchain solutions, ChainGPT, and Blockpass, the Web3 compliance provider, are pleased to announce that ChainGPT’s decentralized fundraising platform and launchpad utilizes Blockpass’ KYC platform to secure its ecosystem and ensure the highest standards of compliance are met. Through this move, ChainGPT Pad - ChainGPT’s combined incubator and launchpad - is able to facilitate the development of projects in a safe and regulated manner. ChainGPT utilizes the power of AI to create revolutionary tools such as AI

Standard Chartered GBA business confidence survey shows sentiment holding up

Findings highlight sustained growth momentum HONG KONG, July 8, 2024 - (ACN Newswire) - Standard Chartered and the Hong Kong Trade Development Council (HKTDC) today released the Standard Chartered GBA Business Confidence Index (GBAI) for the second quarter of 2024. The “current performance” index for business activity remained largely unchanged in Q2 at 54.1, compared to 54.3 in Q1, and near its strongest level since Q2 of 2021. The GBAI “expectations” index rose to 54.8 in Q2 from 54.0 in Q1, registering its first rise in five quarters. The figures

SMC Signs Partnership Agreement with PCG Advisory Inc. and Investment Agreement with ProActive Capital Partners, LP.

BOCA RATON, FL – July 5, 2024 / SMC Entertainment, Inc. ("SMC" or the "Company") (OTC:SMCE), a versatile incubator company focused on acquisition and support of proven commercialized financial services and technology (Fintech) companies, is pleased to announce the execution of a Partnership Agreement (“Partnership Agreement”) with NY-based PCG Advisory, Inc. (“PCG Advisory”) and an investment agreement (“Investment Agreement”) with NY-based ProActive Capital Partners, LP (“ProActive Capital”). Both PCG Advisory and ProActive Capital are owned and controlled by Mr. Jeff Ramson, a career veteran in capital markets. Mr. Ramson has

SUMMER WEB3FEST 2024: A Resounding Success and a Glimpse into the Future

Crypto Valley, Switzerland - The Swiss WEB3FEST 2024 has concluded with outstanding success, setting new benchmarks in the world of blockchain and WEB3 innovation. From June 5-13, 2024, the event brought together an impressive 4500 attendees, 200 speakers, and 50 exhibitors across 28 events. Some highlights of the festival was the participation of Edward Snowden and the Crypto Valley Visionaries list, honoring the pioneers and innovators of the blockchain space. This year’s festival was embedded around the pivotal Crypto Valley Conference in Switzerland, combining several ecosystems and welcoming both national

GDA Capital & Coinweb Launch The Next Top Blockchain Startup Competition with a $200k+ Prize Pool to Fuel Innovation and Growth in Web3.

  Toronto, ON, GDA Capital and Coinweb are excited to launch the "Next Top Blockchain Startup" Competition for Summer 2024, and with multiple developer tracks from blockchain infrastructure partners. The competition boasts an impressive prize pool of $200,000 USD, with more prizes likely to be secured leading up to the event. Over the four weeks of July, entrepreneurs will benefit from an educational program designed to build thriving businesses and will have the opportunity to secure vital funding by pitching their business in a live case competition setting. The Next

Findell Capital Management LLC Releases Comprehensive Research Coverage Report on ESTA : Nasdaq

  June 17, 2024 – New York, NY – Findell Capital Management LLC, an investment management firm, today announced the release of a detailed Report on Establishment Labs Holdings Inc. (Nasdaq: ESTA), which can be found here. ESTA is a NASDAQ listed company, headquartered in Costa Rica, that has developed and commercialized a significantly improved breast implant. We believe ESTA stock has a credible pathway to double in the next year, with an opportunity to grow multiples beyond that with a long-term price target of +$200 versus $44.48 (6/14/2024 close).

Blockchain Australia evolves to Digital Economy Council of Australia (DECA) to advocate for Australia’s growing digital economy

MEDIA RELEASE • The digital activity share of the Australian economy is expected to increase to 10% by 2030 (from 6.1% in 2020-21) • Expands membership categories to fully represent the multifaceted aspects of the digital economy • Amy-Rose Goodey will lead DECA as Managing Director, as CEO Simon Callaghan returns to the industry • Aims to address top industry concerns: Fit-for-purpose regulation (88%), lack of credible information (82%) and attracting the best talent (78%) SYDNEY, Tuesday, 11 June 2024: Blockchain Australia, the leading industry association advocating for blockchain technology

Grizzly Research Releases Coverage Report on GigaCloud (NASDAQ:GCT)

New York, May 22, 2024 – Grizzly Research has released a comprehensive coverage report on GigaCloud Technology Inc. (NASDAQ: GCT). The report provides an in-depth analysis of GigaCloud’s business operations, highlighting several areas of concern regarding the company’s financial reporting and operational practices. A copy of the report can be found here: Grizzly GCT Report Key Findings: 1.Discrepancies in Gross Merchandise Value (GMV): While GigaCloud reports significant growth in GMV, web traffic data for its B2B marketplace, GigaB2B, indicates low activity. At its peak, the site had only 1,000 visits

Exploring the Influential Leadership Legacy of Wilbert T. Lee: A Philippine Congressional Force.

In a world often colored by political machinations and self-serving motivations, Representative Wilbert T. Lee emerges as a luminary of integrity and sincere dedication to the well-being of the Filipino population. His formidable first term in politics is decorated with a multitude of profoundly significant legislative accomplishments, with standout examples being the Philippine Salt Industry Development Act and the New Agrarian Emancipation Act - both indicative of his commitment to catalyzing economic progress and amplifying local communities' agency. Before stepping foot into the realm of politics, Lee was renowned for

Soft Space Enters into Strategic Partnership with JCB

  Collaboration will expand JCB's presence in Southeast Asia and act as a bridge for Soft Space to link Japanese consumers with the region and vice versa KUALA LUMPUR & TOKYO, Jan 13, 2022 - (JCN Newswire) - The world's leading fintech player, Soft Space Sdn. Bhd. ("Soft Space"), has announced a new strategic partnership with Japan's only international payment brand, JCB Co. Ltd. ("JCB"). This strategic partnership is the first of its kind in Malaysia for the payment giant and involves a combination of US$5 million investment in Soft