Day: September 23, 2021

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Newsreels – The Next TikTok, But for News

Watch top news videos, curated for you

NEWSREELS

SAN JOSE, Calif., Sept. 23, 2021 (GLOBE NEWSWIRE) — The app development powerhouse behind Newsreels has done it again. Revolutionizing the traditional has always been part of their DNA. And this time, they took the notoriously rigid and conventional news format to the next level by creating an app that delivers 100% accurate news, up to 20 times faster.

With its two trailblazing news formats – reels and bullets – everyone can get to know more updates in no time at all.

This is the future of news. Welcome to Newsreels.

While a conventional news app shows its collection of headlines with full articles, Newsreels introduces a game-changer in the news industry through its bullet summarization engine. Readers get to save precious minutes by getting just the important bullet points from the news they want.

To make things a whole lot better, modern readers get to enjoy informative news content in trendy reels format. Now, users can simply swipe across an endless stream of newsreels. Living with its moniker, Newsreels has jazzed up the interface with a video-upload feed for users, much like Instagram or TikTok. This is another unique feature that cashes in on the younger generation and offers them digestible, up-to-the-minute news.

On top of that, Newsreels covers a wider spectrum of publishers – right from the regional/local level to the global news houses. Truly, nothing comes close when it comes to the sheer volume of their partner publications.

The app goes further by giving content creators the option to collab with the app, letting them use it as a publishing platform to reach more audiences. For an app born out of the innovation surge during the 2020 pandemic, Newsreels is the much-needed power-up of both emerging and established news outlets.

“It is our answer to the growing need of the public to have a one-stop news portal to get all the relevant information they need, be it for COVID-related topics or absolutely anything they want, without having to jump between apps and news sources,” says RJ David, the team’s Product Innovation Officer.

Gone are the glory days of the plain vanilla newsreader apps. The readers today are smart: we want more; we want better, quicker. And we want it how we like it. Newsreels has quashed the “same-old, same-old” monotony of current affairs through its contemporary, made-to-order, openly inclusive news aggregation platform. The era of engaging, on-point, choice news is in.

You are cordially invited to experience the future of news. And the future is now.

Welcome to Newsreels.

To know more about Newsreels or to download the app, please click here. You can also follow the company on Twitter, Facebook, Instagram, YouTube, and TikTok. For partnership-related queries, you can contact them at partnership@newsreels.app.

Related Images

Image 1: NEWSREELS

The smartest news app in the market.

Image 2: Newsreels Features

Short newsreels curated for you, local news and beyond, more publications and topics, and news summarized in bullets.

This content was issued through the press release distribution service at Newswire.com.

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Two Fully Operational and Globally Accessible Alternatives to the Swift System Now Available Worldwide

WM’s ICLM Transfers and TUV Digital Currency Transfers provide two fully operational and globally accessible Alternatives to SWIFT

ST PETER PORT, Guernsey and NEW YORK, Sept. 23, 2021 (GLOBE NEWSWIRE) — Global Telephony Provider Webtel.mobi (“WM”) – whose TUV Digital Currency potentially renders current Cryptocurrencies redundant and potentially supersedes CBDCs – has also recommenced the unrestricted global operations of its two alternative systems to SWIFT.

These two WM Facilities – its ICLM Transfers and TUV Digital Currency Transfers – are geared for a 21st Century Digital Economy, and not hamstrung by the multiple technical constraints and layers of intermediaries which plague the decades-old legacy systems. An overview of some of their characteristics is as follows:

REQUIRED CHARACTERISTIC SWIFT TRANSFERS ICLM TRANSFERS TUV TRANSFERS
Carry out Global Transfers Worldwide Yes Yes Yes
Compliant with Applicable Regulation Yes Yes Yes
Account Holders In Control of Transfer No Yes Yes
Transfer Initiated from any Mobile Phone No Yes Yes
Transfer Initiated from any Location No Yes Yes
Transfer Initiated at any time of any day No Yes Yes
Transfers and Receipt function 24/7/365 No Yes Yes
Transferor can do own FX Conversion No Yes Yes
Recipient can do own FX Conversion No Yes Yes
Transfers Instant in 1/100th of a Second No Yes Yes
Receipt is Instant in 1/100th of a Second No Yes Yes
Instant Confirmation to All Parties No Yes Yes
Real-Time Records and History No Yes Yes
Centrally Controlled Worldwide No Yes Yes
Worldwide Uniform Standards & Security No Yes Yes
Functions PP2P with No Intermediaries No Yes Yes
Can be Accessed and Used by Unbanked No Yes Yes
Free to have an Account No Yes Yes
Free of Bank Fees for Transfer No Yes Yes
Free of Intermediary Fees for Transfer No Yes Yes
Totally Free Transfers No 0.25% to 1% Yes

To construct a working and compliant Digital Currency that functions on a global basis, it is not sufficient to create only the Digital Currency itself. A Digital Currency without the means or capacities for global accessibility, acceptability, transferability, receipt, security, multicurrency convertibility, real-time multicurrency gross settlement, total transaction recording and multicurrency redemption is useless in and of itself.

To achieve these capacities, WM has constructed not just a Global Digital Currency similar to the “Bancor” proposed by English Economist John Maynard Keynes, but also a Global Clearing System – similar to the International Clearing Union as also proposed by Keynes.

A prerequisite for any Global Clearing System is the capacity for international transfers that includes all the capacities as previously listed, and many more. Consequently, as part of its Global Clearing System, WM constructed its ICLM Transfers Facility – a multicurrency instant global transfer system for its Members’ Stored Credit; and its TUV Transfer system – that facilitates instant global transfers of its Members’ TUV Digital Currency.

As with the TUV Digital Currency – WM’s Facilities are not new or untested. They have been fully tested in operational usage worldwide for nine years, and fully due diligenced on multiple occasions during that time. The only material change in Q3 2021 is that WM is making these facilities available for unrestricted global operations – as opposed to being available to a restricted user group only.

SWIFT – and all other legacy International Transfer systems that primarily run off the SWIFT System – are, like WM, in the Telecommunications Sector. The difference between them is that the legacy systems were built many decades ago, and attempt to keep up with technological advances by continuously patching their ageing systems, and relying on increasingly larger layers of costly intermediaries to function.

In contrast, WM’s Platform 2 is built to 21st Century specifications, and is powered by an Artificial Intelligence system. It consequently carries out transfers in 1/100th of a second, at ultra-low to zero costs, 24/7/365, as a unitary global system with no intermediaries.

Moreover, in 60% of countries worldwide, National transfers within countries are as slow and as costly as legacy system International transfers. The cumulative volume and value of National transfers is also higher than the several Thousand Trillion Dollars per annum volume of SWIFT and all the other legacy International transfer systems combined.

As WM’s ICLM Transfers and TUV Digital Currency Transfer Systems are able to be used for National transfers within countries in the same way and with the same advantages as for International transfers, both International and National transfers markets are seen as growth markets for WM.

Media Contact:
Nick Lambert: wm@thoburns.com

Interview of Professor Kregel including comments WM’s transfers capacity:
https://youtu.be/XYBrCikUhn8

Research Reports by Professor Kregel on the WM Global Clearing System:
https://tinyurl.com/TUVresearch

Professor Kregel’s Background and Biography
https://www.levyinstitute.org/scholars/jan-kregel
https://inctpped.ie.ufrj.br/internationalconference2018/Jan_Kregel_cv.pdf

WM’s urls
https://webtel.mobi/pc (Tablets / Laptops / Desktops)
https://webtel.mobi (Smart Phones)
https://webtel.mobi/wap (Pre-Smart Mobile Phones)

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ADB Lowers Indonesia’s Economic Growth Forecast To 3.5 Percent This Year

JAKARTA– The Asian Development Bank (ADB) has adjusted its forecast of Indonesia’s 2021 economic growth to 3.5 percent year-on-year, from the previous 4.5 percent in early Apr.

“The economic recovery will continue although at a more moderate speed,” ADB’s Senior Country Economist, Henry Ma said, during the Asian Development Outlook 2021 event in Jakarta yesterday.

The ADB has also revised its economic growth forecast for Indonesia in 2022 to 4.8 percent year-on-year, which is slightly lower than its earlier 5 percent projection.

There were several factors behind the ADB’s decision to lower its forecast for Indonesia, Ma said, adding that, the public mobility restrictions, locally known as PPKM, have put pressure on the country’s economy and people’s purchasing power.

The ADB also projected Indonesia’s inflation rate at 1.7 percent for this year, lower than the bank’s previous forecast of 2.4 percent in Apr.

 

 

Source: NAM NEWS NETWORK

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Last Batch Of Rails For Jakarta-Bandung HSR Arrives In Indonesia

JAKARTA– The last batch of 6,600 tonnes of rails, of the Jakarta-Bandung High Speed Railway (HSR), arrived at the Cilacap Port in Indonesia’s Central Java province, the railway’s operator said.

 

A statement released by KCIC, a joint venture consortium between Chinese and Indonesian state-owned firms, that run the 142.3-km HSR, said, the arrival creates conditions for the track laying of Jakarta-Bandung HSR and provides strong support for accelerating the project construction.

 

The total amount of steel rails, weighted 38,100 tonnes, were shipped by sea from port of Fangchenggang city in south China’s Guangxi Zhuang Autonomous Region, in five batches and arrived in Indonesia in 10 months.

 

The rails will be transported to the track-laying base of the Tegal Luar Depot, on the outskirt of West Java province’s capital, Bandung, in batches via the existing narrow-gauge railway.

 

KCIC said, the rails will be further welded into 500-metre-long steel rails in Tegal Luar and put into use in the whole line.

 

With a speed of 350 km per hour, the high-speed railway will cut the journey between Jakarta and Bandung, the capital of West Java province, from more than three hours to around 40 minutes.

 

Source: NAM NEWS NETWORK

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Malaysia’s Tourism Receipts Plunge 71.2 Percent To 12.51 Billion USD

KUALA LUMPUR– Malaysia’s tourism receipts in 2020 slumped 71.2 percent to 52.4 billion ringgit (about 12.51 billion U.S. dollars) from a year ago, as the COVID-19 pandemic dragged the industry, official data showed today.

 

The travel restrictions to curb the spread of COVID-19 affected Malaysia’s tourism performance in 2020, the Department of Statistics Malaysia (DOSM) said in a statement.

 

According to DOSM, inbound tourism expenditure plummeted 84.6 percent year on year, to only 13.7 billion ringgit in 2020; domestic tourism receipts also declined by 58.3 percent year on year, to 38.6 billion ringgit.

 

The impact of the COVID-19 pandemic is also reflected in the tourism direct gross domestic product, which declined by 72 percent to 28.5 billion ringgit, as compared to 102 billion ringgit in 2019.

 

DOSM data also showed that the tourism industry had generated 199.4 billion ringgit of gross value added of tourism industry (GVATI) last year, by contributing 14.1 percent to Malaysia’s gross domestic product.

 

Due to the government’s restriction in economic activities, to curb the spread of COVID-19, the GVATI shrank 17.1 percent year on year, from 240.5 billion ringgit in 2019. (1 U.S. dollar equals 4.19 ringgit)

 

Source: NAM NEWS NETWORK

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Saudi-Malaysia Ties Increase In Strength, Depth Via Cooperation

KUALA LUMPUR— The relations between Saudi Arabia and Malaysia continues to increase in strength and depth through cooperation in all fields.

 

In an article made available to Bernama in conjunction with Saudi’s 91st National Day on Sept 23, the Media Affairs Department of Saudi Arabia’s Embassy in Malaysia said that Saudi-Malaysia relations were distinguished by their historical depth based on common religious and cultural features.

 

“This relationship was also strengthened through the exchange of high-level visits between the two countries. The most prominent of these visits was the historic visit of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud to Malaysia in 2017,” it said.

 

The visit resulted in the signing of many agreements and Memorandum of Understanding (MoU) between the two countries in all fields, including the partnership between Saudi Aramco Petroleum Company and Petroleum Nasional Berhad (Petronas) through the oil refinery project.

 

The partnership includes two joint ventures for the Refinery and Petrochemical Integrated Development (RAPID) project.

 

“The strategic alliance is a historic partnership between two of the world’s largest and most successful national oil companies, bringing together the resources, technologies, experience, expertise, and commercial presence,” the article pointed out.

 

These joint ventures allow the parties equal ownership and participation in the refinery, cracker and selected petrochemical facilities in RAPID, which is part of the Pengerang Integrated Complex (PIC) in Malaysia’s southern state of Johor.

 

The article further explained that through this collaboration, Saudi Aramco will supply 50 per cent of the refinery’s crude feedstock requirements with the option of increasing to 70 per cent. Meanwhile, natural gas, power and other utilities will be supplied by Petronas and its affiliates.

 

The parties will share the rights to offtake the production of the joint ventures on an equal basis. The refinery, which has 300,000 barrels of crude per day, will produce a range of refined petroleum products, including gasoline and diesel, which meet Euro 5 fuel specifications. It will also provide feedstock for the integrated petrochemical complex, with a nameplate capacity of 3.3 million mt.

 

On high-level visits, the article said that former Prime Minister Muhyiddin Yassin had visited the Kingdom in March 2021 which it said had taken Kuala Lumpur-Riyadh ties to new heights.

 

The visit produced several positive outcomes for Malaysia. The substantive matters achieved was signing an MoU to ease and simplify the pre-clearance process for Malaysian haj and Umrah pilgrims.

 

In this context, Malaysia was the first country listed for the ‘Mecca Road Service’ initiative, which will ease and simplify the pre-clearance process for Malaysian haj and Umrah pilgrims. Both countries also agreed to set up the Saudi-Malaysian Coordination Centre to pave the way for regular consultation and follow-up on matters of mutual interest and benefit.

 

Statistics show that the number of Malaysian pilgrims and Mu’tamir from 2015 to 2019 was 177,124 pilgrims, and some 1.2 million Mu’tamir respectively.

 

Touching on education, it said that the government of Saudi Arabia granted Malaysia 300 annual scholarships in Saudi higher education institutions.

 

The current number of Malaysian students in the Kingdom under the Saudi scholarship is 149 while there are more than 6,000 Saudi students in Malaysia from 2015 to 2021.

 

On the people-to-people ties, 121,444 tourists from Saudi Arabia visited Malaysia in 2019.

 

 

Source: NAM NEWS NETWORK