New Solid Hydrogen-on-Demand Fuel Cell from HES Energy Systems Flies ST Aerospace UAV for Record 6 Hours

A consortium of Singaporean institutions and private sector companies including HES Energy Systems, ST Aerospace, DSO National Laboratories, and the Future Systems and Technology Directorate of Singapore’s Ministry of Defense, have worked jointly to achieve a record 6 hour endurance, 300km flight on the Skyblade 360 UAV built in Singapore by ST Aerospace. Besides achieving a significant technical and performance milestone for hydrogen-on-demand enabled fuel cells, it is also the first time in the world that a fuel cell moves beyond the prototype stage and enters the standard products list of a UAV manufacturer. The Skyblade 360 UAV and its fuel cell system are currently on display on ST Engineering’s booth at the 2016 Singapore Air Show.

Olenex to Become a Full-Function Joint Venture

Archer Daniels Midland Company (NYSE: ADM) and Wilmar International Limited (SGX: F34) announced today that they have entered into an agreement whereby Olenex, their partnership to market oils and fats in Europe, will become a full-function joint venture with its own assets. As part of the agreement, ADM will transfer two sites—a specialty oils and fats facility and a palm refining plant in Hamburg, Germany—to the new joint venture. Wilmar will transfer its tropical oils processing plants in Brake, Germany and Rotterdam, the Netherlands. In addition to processing, the joint venture will also integrate raw materials sourcing, trading, and sales and marketing operations. The agreement also stipulates that refined oils and fats from ADM’s other plants in the Czech Republic, Germany, the Netherlands, Poland and the U.K. will be marketed by Olenex.

American Express Will Bring Apple Pay to Card Members in Key Global Markets

American Express (NYSE:AXP) announced today that Apple Pay™ will be available in key global markets allowing American Express® Card Members to pay on the go with an iPhone, Apple Watch or iPad. Apple Pay is expected to be available for Card Members in Canada and Australia this year and in Spain, Singapore and Hong Kong in 2016. With Apple Pay, Card Members in these countries will have the ability to seamlessly add their eligible consumer, small business and corporate American Express® Cards(i) and pay with iPhone or Apple Watch in stores where contactless payments and American Express are accepted. Card Members will also be able to use their iPhone or iPad to pay within participating merchant apps.

GPCI 2015 Report Unveils World’s Most Powerful Cities

The Mori Memorial Foundation’s Institute for Urban Strategies, a research institute established by Mori Building, unveiled today the results of its Global Power City Index (GPCI) 2015 report, which ranks 40 global metropolises according to their “magnetism,” or power to attract creative individuals and enterprises from around the world and mobilize their assets for economic and social development. Like last year, London, New York, Paris and Tokyo took the top four spots, in that order, while Los Angeles, San Francisco and Hong Kong showed significant improvement.

South East Asian Strategic Assets Fund Exits Cheras-Kajang Highway in Malaysia

The South East Asian Strategic Assets Fund L. P. (SEASAF), advised by Capital Advisors Partners Asia Pte Ltd (CapAsia), a private equity fund management company specialising in infrastructure investment in Southeast Asia, today announced it has completed the divestment of its 35% equity interest in Cerah Sama Sdn Bhd, which is the investment holding company of Grand Saga Sdn Bhd, the concession holder that owns and operates the 11.5KM Cheras-Kajang Highway in Malaysia to TEI Sdn Bhd, a joint venture between Taliworks Corporation Berhad and the Employees Provident Fund Board of Malaysia.

South East Asian Strategic Assets Fund Exits Cheras-Kajang Highway in Malaysia

The South East Asian Strategic Assets Fund L. P. (SEASAF), advised by Capital Advisors Partners Asia Pte Ltd (CapAsia), a private equity fund management company specialising in infrastructure investment in Southeast Asia, today announced it has completed the divestment of its 35% equity interest in Cerah Sama Sdn Bhd, which is the investment holding company of Grand Saga Sdn Bhd, the concession holder that owns and operates the 11.5KM Cheras-Kajang Highway in Malaysia to TEI Sdn Bhd, a joint venture between Taliworks Corporation Berhad and the Employees Provident Fund Board of Malaysia.