Day: December 4, 2021

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Zebra Technologies opens first service center in Philippines

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Philippine Star

Louella Desiderio – The Philippine Star December 5, 2021 | 12:00am MANILA, Philippines — Technology firm Zebra Technologies Corp. has opened its first service center in the Philippines as part of its commitment to support businesses in Southeast Asia. In a statement, Zebra said the new service center in the Philippines would be operated by its authorized service partner Highpoint Services Network Philippines Inc. to provide repair services for a broad portfolio of innovative mobile computers and barcode scanners. “The opening of our first service center in the Philippines demonstrates our cont… Continue reading “Zebra Technologies opens first service center in Philippines”

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EXCLUSIVE: Manny Pacquiao-backed gaming and esports brand Team Pacquiao GG launches

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Esports Insider

When 42-year-old Manny Pacquiao announced he’d be hanging up his gloves in September in a video on his official Facebook account, the former eight-division champion didn’t mention his pursuit of an entirely different fight. In a press conference just days before, Senator Pacquiao announced that he accepted the nomination of his affiliated party as a candidate for president of the Republic of the Philippines. Today, true to PacMan fashion, he delivered a shot no one saw coming. In an official live-streamed press conference, a brand new gaming and esports brand was unveiled to thousands of viewe… Continue reading “EXCLUSIVE: Manny Pacquiao-backed gaming and esports brand Team Pacquiao GG launches”

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Capitalworks Emerging Markets Acquisition Corp Announces Closing of $230 Million Initial Public Offering, Including Full Exercise of the Underwriters’ Over-Allotment Option

NEW YORK, Dec. 03, 2021 (GLOBE NEWSWIRE) — Capitalworks Emerging Markets Acquisition Corp (the “Company”), a special purpose acquisition company, today announced the closing of its initial public offering of 23,000,000 units at a price of $10.00 per unit, which includes the full exercise of the underwriters’ option to purchase an additional 3,000,000 units from the Company. The units began trading on The Nasdaq Global Market (“Nasdaq”) on December 1, 2021, under the ticker symbol “CMCAU”.

Each unit issued in the offering consists of one Class A ordinary share and one-half of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share. Once the securities comprising the units commence separate trading, the Class A ordinary shares and redeemable warrants are expected to be respectively listed on Nasdaq under the symbols “CMCA” and “CMCAW”. No fractional warrants will be issued upon separation of the units and only whole warrants will trade.

Barclays was the sole book-running manager for the offering.

A registration statement relating to the securities became effective on November 30, 2021. The offering was made only by means of a prospectus, which forms a part of the registration statement. Copies of the prospectus may be obtained for free by visiting EDGAR on the Securities and Exchange Commission’s (the “SEC”) website at www.sec.gov. Alternatively, copies may be obtained, when available, from Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York, 11717, by email: Barclaysprospectus@broadridge.com, or by telephone: (888) 603-5847.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Capitalworks Emerging Markets Acquisition Corp

Capitalworks Emerging Markets Acquisition Corp is a newly organized blank check company, incorporated as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. While the Company may pursue an acquisition opportunity in any industry or geographic region, it intends to focus on high-growth companies operating in select emerging markets, with the ability to replicate their business models sustainably across other emerging markets or translate their products, services or technologies to developed markets.

Cautionary Statement Concerning Forward-Looking Statements

This press release contains statements that constitute “forward-looking statements,” including with respect to the initial public offering and search for a business combination. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the “Risk Factors” section of the Company’s registration statement and prospectus filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Capitalworks Contact
Cody Slach, Alex Thompson
Gateway IR
(949) 574-3860
CMCA@gatewayir.com

SOURCE: Capitalworks Emerging Markets Acquisition Corp

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Omicron variant: Indonesia updates international air travel regulation

Jakarta The Transportation Ministry has updated the international travel regulation to prevent the entry of the B.1.1.529 or Omicron variant into Indonesia and to suppress the likelihood of a third wave in the country.

The new regulation is stipulated in Circular Letter No. 106 of 2021 on guidelines on International Travel through air transportation during the COVID-19 pandemic, Air Transportation Director General Novie Riyanto remarked.

“We have to prevent the third wave. In the country, we have imposed the public activities restrictions (PPKM) for Christmas and New Year while we are averting the Omicron variant from emerging in Indonesia,” Riyanto noted at the press conference “Handling the Country’s Entrance and Exit Through International Air Travel” here on Saturday.

Riyanto explained that the new regulation changed the duration of mandatory quarantine for travelers coming from outside Indonesia, from a week to 10 days, except for 11 countries where the Omicron variant had been detected, including those geographically located near the transmitting countries.

Indonesia has banned entry for foreign travelers both coming and transiting from/at these 11 countries: South Africa, Botswana, Hong Kong (China), Angola, Zambia, Zimbabwe, Malawi, Mozambique, Namibia, Eswatini, and Lesotho.

Moreover, the regulation altered the requirement of PCR test for foreign airline personnel, earlier from 7×24 hours to 3×24 hours, and added a mandatory PCR test during their arrival.

“Foreign airline pilots, flight attendants, and all technicians will fall under the same (policy). The regulation is valid from December 3, 2021,” he expounded.

Source: Antara News

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Gov’t targets achieving 50% second-dose vaccination target by December

We are aiming to at least administer the second dose of vaccination to 50 percent (of the target population) by the end of December

Jakarta Vice President Ma’ruf Amin highlighted the government’s aim to cover 50 percent of the target population to receive the second dose of COVID-19 by December-end to expedite the realization of herd immunity in Indonesia.

“We are aiming to at least administer the second dose of vaccination to 50 percent (of the target population) by the end of December. There are also regions, with the second dose vaccination coverage reaching 80 percent and also 100 percent,” Amin noted after inaugurating the COVID-19 Heroes Monument in Bandung, West Java Province, on Saturday.

The government continues to expedite COVID-19 vaccination in various regions, considering that the number of vaccine doses for the community is sufficient to achieve herd immunity, the vice president added.

“We will expedite vaccination, as we have sufficient stocks of vaccine. Since our territory is large, with a huge population, we will still continue to increase vaccine stocks,” Amin remarked.

To accelerate the implementation of COVID-19 vaccination, the government not only relies on health workers from the health services but also counts on help from members of the National Police (Polri), Indonesia Defense Forces (TNI), The National Population and Family Planning Agency (BKKBN), and mass organization.

“We will focus on agglomeration areas where the vaccination coverage is still low, at around 20 percent, as well as areas outside Java,” he noted.

Meanwhile, based on data from the COVID-19 Handling Task Force, as of December 2, some 97,318,649 Indonesians had received two doses of the COVID-19 vaccine, or more than 46 percent of the target population.

The government is still targeting 208,265,720 residents to receive two doses of the COVID-19 vaccine to attain herd immunity.

The Indonesian government had earlier received vaccine assistance from the Netherlands on December 3. The arrival of the 146th batch of vaccines comprised 324 thousand doses of the Janssen vaccine.

Source: Antara News

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Indonesia, Switzerland ink YP agreement

Jakarta Indonesia and Switzerland signed the Agreement on the Exchange of Young Professional (YP Agreement) at the Federal Palace, Bern, Switzerland, as the bilateral scheme of the Comprehensive Economic Partnership Agreement, or IE-CEPA.

“We hope this agreement would bring benefits for the two countries in enhancing work performance, especially for the young professional workforce,” Director General of Labor Placement Development and Expansion of Employment Opportunities at the Manpower Ministry Suhartono noted in his statement here on Saturday.

The YP Agreement was proposed by Indonesia at the IE-CEPA for offering quota guarantees for young professionals as the requirement to work in both countries. Another goal is to bolster the skills of these professionals.

In the agreement, the exchange of the young workforce encompasses all types of professions and follows the authorization process based on the law and regulations. The approved quota for the YP Agreement is 50 participants per year and can be increased to 100.

To derive benefits of the YP Agreement, young professionals in the age bracket of 18 to 35 years must at least undergo on-job training not less than two years and possess a relevant certificate that states completion of their study.

Moreover, the opportunities in all professional sectors are expected to not violate any rules valid in both Indonesia and Switzerland.

If the requirements have been met, then authorization will be given to young professionals to work for a duration of 12 months and can be extended up to six months. The authorization is in the form of an entry permit and residence permit. Participants of the accepted YP Agreement will have to work based on the contract.

The contract will include the rights and obligations, such as working conditions, salary, and tax, based on the country they are working in. Furthermore, the salary must mirror the local minimum wage, profession, and expertise.

Director of Trade and Services Negotiations at the Trade Ministry Iskandar Panjaitan stated that the YP Agreement was Indonesia’s request to Switzerland during the IE-CEPA negotiation as the commitment of Indonesia and EFTA countries in implementing the economic partnership.

“Indonesia will derive more benefits from this agreement. It is hoped that Indonesia would be able to optimize its advantages through coordination of the Manpower Ministry,” Panjaitan stated.

In the agreement signing, Indonesia was represented by Suhartono, while Switzerland appointed Ambassador Vincenzo Mascioli, International Affairs Director of Federal Department of Justice and Police (FDJP), State of Secretariat for Migration (SEM) as the signatory.

Source: Antara News

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