Fintech PR
Cambodia Microfinance Association Catalyzes Global Efforts in Sustainable, Inclusive Finance
SIEM REAP, Cambodia, Nov. 5, 2024 /PRNewswire/ — The Cambodia Microfinance Association (CMA) successfully hosted its Annual Microfinance Conference in Siem Reap, gathering over three hundred leaders, policymakers, and international partners under the theme “Sustainable and Inclusive Microfinance: Current Situation and Future Trends.” This conference underscored CMA’s dedication to expanding financial inclusion and promoting responsible growth, aligning with global development goals and positioning Cambodia as a model for sustainable finance.
In her opening remarks, Mrs. Dith Nita, Chairwoman of CMA, emphasized CMA’s mission to strengthen Cambodia’s microfinance sector, stating, “Sustainable and inclusive microfinance is not only a goal, but it is a necessity. Together, we’re working toward a stronger economy, a fairer society, and a financial system that serves all Cambodians.” Her remarks highlighted CMA’s core commitment to client protection and empowerment across Cambodia’s rural and underserved communities, which include 74.4% of the population.
CMA’s 132 member institutions play a vital role in this mission, managing a combined loan portfolio of $5.11 billion USD, serving 1.55 million active borrowers, and holding $2.21 billion in deposits across nearly two million accounts, 67% of which are held by women. This commitment not only supports financial accessibility but also contributes significantly to local employment, with over 21,000 staff members across nine hundred branches.
A highlight of the conference was the recognition of the Bakong payment system, developed by the National Bank of Cambodia (NBC). Launched in 2020, Bakong now has ten million active wallets, bridging traditional financial services and the unbanked population through seamless, low-cost digital finance. This pioneering initiative has earned international acclaim for advancing financial inclusion, and CMA expressed deep gratitude to NBC for its leadership in supporting this transformative step toward economic resilience and client empowerment.
While client protection and empowerment remain central to CMA’s mission, the association is also paving the way in green finance, aligning with the global shift toward environmental sustainability. CMA collaborates with Oxfam to advance green finance initiatives and works alongside Water.org to provide technical assistance in developing water, sanitation, and hygiene (WASH) products. Mrs. Dith Nita remarked, “We encourage our members to view green finance as essential, paving a path toward sustainability that benefits clients and the environment.” This initiative supports global sustainability goals, including clean water access and climate action.
Throughout the day, CMA reinforced the importance of financial literacy, capacity building, and adherence to a strong code of conduct in creating a transparent, resilient financial sector. Concluding the conference, a call to action was made to continue collaborative efforts in promoting sustainable and inclusive finance that aligns with both Cambodia’s needs and global priorities.
The Annual Microfinance Conference 2024 concluded with a collective commitment to build a resilient and inclusive financial future. CMA invites international partners, investors, and stakeholders to contribute to a financial landscape that empowers local communities and aligns with the United Nations Sustainable Development Goals. Through this annual event and ongoing initiatives, CMA remains dedicated to empowering communities, supporting sustainable growth, and actively participating in global efforts toward inclusive economic development.
Contact Information: Cambodia Microfinance Association (CMA), Name: Tongngy Kaing, Email: [email protected], Phone Number: +855 95 262 111
View original content:https://www.prnewswire.co.uk/news-releases/cambodia-microfinance-association-catalyzes-global-efforts-in-sustainable-inclusive-finance-302292870.html
Conference Call to Discuss Results Scheduled for 10:00 a.m. ET Today
NEW YORK, Nov. 5, 2024 /PRNewswire/ — Newmark Group, Inc. (Nasdaq: NMRK) (“Newmark” or “the Company”), a leading commercial real estate advisor and service provider to large institutional investors, global corporations, and other owners and occupiers, today, reported its financial results for the three and nine months ended September 30, 2024, and declared its quarterly dividend.
A complete and full-text financial results press release, including information about today’s financial results conference call and Newmark’s dividend declaration, is accessible in the “Media” section at https://nmrk.com. It is also available directly at any of the following web pages:
https://ir.nmrk.com (PDF version of the full press release, PDF of a quarterly results investor presentation, and supplemental Excel financial tables)
https://ir.nmrk.com/investors/news-releases/financial-and-corporate-releases (Links to the PDF version of the full press release, PDF of a quarterly results investor presentation, and to Excel financial tables)
https://nmrk.com/media (PDF version of the full release only)
(Note: If clicking on the above links does not open a new web page, you may need to cut and paste the above URLs into your browser’s address bar.)
Today’s conference call is expected to contain forward-looking statements with respect to the Company’s financial outlook.
ABOUT NEWMARK
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark’s comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform’s global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the twelve months ended September 30, 2024, Newmark generated revenues of over $2.6 billion. As of that same date, Newmark’s company-owned offices, together with its business partners, operated from nearly 170 offices with more than 7,800 professionals around the world. To learn more, visit nmrk.com or follow @newmark.
DISCUSSION OF FORWARD-LOOKING STATEMENTS ABOUT NEWMARK
Statements in this document regarding Newmark that are not historical facts are “forward-looking statements” that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the Company’s business, results, financial position, liquidity, and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark’s Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q, or Form 8-K.
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View original content:https://www.prnewswire.co.uk/news-releases/newmark-reports-third-quarter-2024-financial-results-302296557.html
Fintech PR
Sinochem Holdings secures over $13 billion in procurement at 7th CIIE, enhancing global industrial collaboration
SHANGHAI, Nov. 5, 2024 /PRNewswire/ — The 7th China International Import Expo (CIIE) opened at the National Exhibition and Convention Center in Shanghai, China on November 5, 2024. Sinochem Holdings, one of the world’s leading chemical conglomerates, participated in the event for the seventh consecutive year. Leveraging its international operations, the company organized five overseas subsidiaries for the event to deepen global industrial cooperation and share opportunities in the Chinese market.
During a dedicated signing ceremony, Sinochem Holdings secured procurement agreements with over 20 companies from more than 10 countries and regions, including Saudi Arabia, Kuwait, Iraq, Japan, France, Malaysia, the US, Germany, India, Thailand, and China’s Taiwan region. These agreements spanned various sectors, such as crude oil, petroleum products, high-quality chemicals, food, agricultural products, high-end intelligent equipment, technology research, and digital production services, totaling over $13.6 billion.
Sinochem Holdings emphasized its strategy of expanding diverse import channels to ensure supply chain stability. Partnerships with renowned companies such as Saudi Aramco, Kuwait Petroleum, Mitsui & Co., Ltd., Vitol Group, TotalEnergies, CHIMEI, Kao Corporation, and Sri Trang Group enabled the import of high-quality crude oil, petroleum products, methanol, engineering plastics, emulsifiers, industrial salt, and natural rubber. By collaborating with upstream energy and chemical companies, Sinochem Holdings is enhancing quality import channels to stabilize domestic supply chains.
Furthermore, Sinochem Holdings focuses on new productive forces and is committed to promoting high-quality development in domestic industries. The company has been dedicating to enhancing the business presence of its overseas subsidiaries in China, empowering domestic industries with advanced global technologies. Five participating subsidiaries—Syngenta Group (Switzerland), Adisseo (France), Elkem (Norway), KraussMaffei (Germany), and Prometeon Tyre Group (Italy)—showcased innovative technologies and solutions in areas like biotech breeding, digital agriculture, animal nutrition, new chemical materials, low-altitude economy, additive manufacturing, high-end tires, and green low-carbon technologies. These companies signed multiple supply agreements with Chinese clients at the CIIE, generating sales exceeding $1.5 billion.
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View original content:https://www.prnewswire.co.uk/news-releases/sinochem-holdings-secures-over-13-billion-in-procurement-at-7th-ciie-enhancing-global-industrial-collaboration-302295205.html
Fintech PR
COCA Unveils Black November: Zero Fees on Swaps, Spending, and FX with the COCA Crypto Card
HONG KONG, Nov. 5, 2024 /PRNewswire/ — This November, COCA is thrilled to announce its Zero-Fee Black November offer, delivering one of the most competitive zero-fee crypto wallet and card experiences in the industry. With zero fees on swaps, card spending, and FX, COCA is dedicated to helping users keep more of their crypto gains by reducing the costs that often come with swapping and spending cryptocurrencies in the real world.
Why COCA Leads the Way in Zero Fees
Most crypto apps, including Coinbase, Crypto.com, Revolut, and popular DEXs, add commission fees that reduce users’ earnings. COCA’s Zero-Fee Black November, however, offers the opportunity to transact with zero costs. Here’s how COCA stands out:
- Zero Commission on Cross-Chain Swaps: COCA users can swap assets seamlessly across 13 chains with no commission fees.
- Zero Fees on Card Spending: Every COCA card transaction—whether online or in-store—is fee-free.
- Zero FX Fees Worldwide: COCA cardholders can shop at 80 million+ merchants with no foreign exchange fees, ideal for international spending.
- No Membership Fees: COCA’s transparent structure means no annual card fees—users gain access to all benefits without hidden costs.
Earn Rewards with COCA Points
In addition to zero fees, COCA users earn COCA Points on every card transaction. These points can unlock exclusive rewards, including eligibility for an upcoming airdrop. This reward structure allows users to save with each transaction while gaining even more value with each purchase.
Zero-Fee Black November – The Perfect Time to Join COCA
Now through the end of November, users can secure COCA’s exclusive zero-fee offer by ordering a COCA card. COCA’s zero-fee structure, paired with COCA Points rewards, allows users to maximize savings and enjoy added benefits on every transaction.
About COCA
COCA is a next-generation crypto super app designed to simplify and secure the crypto experience for users worldwide. With innovations in security, usability, and integration, COCA is at the forefront of the digital asset revolution. For more information, visit coca.xyz.
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View original content:https://www.prnewswire.co.uk/news-releases/coca-unveils-black-november-zero-fees-on-swaps-spending-and-fx-with-the-coca-crypto-card-302296499.html
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