Via Philly.com:
November 2015 - This month, the U.S. Trade and Development Agency (USTDA) will be highlighting its work in the Southeast Asia region on its social media. USTDA has a long history of forming partnerships between U.S. businesses and Southeast Asian project sponsors to advance energy, transportation, aviation and telecommunications projects. The results of these projects, as well as upcoming regional reports, commercial opportunities, and facts, will be highlighted throughout November. USTDA will feature its engagement during the APEC CEO Summit in Manila, Philippines from November 16-18. The Agency will also highlight its U.S.-ASEAN Energy Infrastructure Reverse Trade Mission and Symposium, which will be held in December to increase U.S. engagement in priority energy projects in ASEAN member countries. The event will focus on promoting natural gas, renewable energy and smart grid technologies. Use hashtags, such as #SEAsia and #APEC2015 and inform their U.S. business partners of future export and investment opportunities throughout the region, as well as connect with Southeast Asian stakeholders looking to partner with U.S. businesses or access U.S. government resources for their development projects. Learn More Philadelphia Business Journal November 4, 2015 University of Pennsylvania Health System and Abu Dhabi-based VPS Healthcare entered into a strategic partnership Monday. VPS Healthcare and Penn Medicine will explore the development of collaborative initiatives in establishing and enhancing educational conferences; standards in patient care; and continuing medical education for physicians, nurses and other allied health professionals. The Philadelphia Business Journal first reported the two organizations were discussing an alliance in late September.
“The main goal of our partnership is to provide the best of the health care services for the people of the United Arab Emigrates,” said Dr. Ali Obaid Al Ali, CEO of Abu Dhabi Hospitals at VPS Healthcare. “Our approach has always been patient centric and in Penn we have a partner who shares the same ideology of putting patients’ interests right at the top of the list and gradually work from there.” The University of Pennsylvania Health System is the parent company for The Hospital of the University of Pennsylvania, Penn Presbyterian Medical Center and Pennsylvania Hospital, all in Philadelphia; Chester County Hospital; Lancaster General Health; Penn Wissahickon Hospice; and a large network of physician practices and outpatient care centers throughout the region. VPS Healthcare is an integrated health care service provider with 14 operational hospitals, over 7,500 employees and medical support services spread across the Middle East, Europe, UK and India. In October, VPS Healthcare signed a memorandum of understanding with Children’s Hospital of Philadelphia regarding a potential partnership that would include providing a continuum of pediatric care for international patients treated at CHOP and establishing new standards of pediatric care at VPS hospitals and clinics. Full Story Here Brazil Business News and Updates for Opportunity Seekers via Tradebrz at the Sao Paulo, Brazil WTC Business Tower
A VideoRay Pro 4 Remotely Operated Vehicle (ROV) was recently deployed as part of clean-up efforts on a coal-fired power plant. VideoRay consultant Steve Van Meter supported Hudson Engineering during a water intake structure inspection on Calpine's Deepwater Generating Station near Pennsville, New Jersey. Owned and operated by Pepco Holdings, Deepwater Generating Station is a legacy coal-fired plant that is currently being renovated into a more modern Oil & Gas power plant. They plan to use the same intake structures, which pull in water from the nearby Delaware River. The Pro 4 inspection found the intakes to still be in good condition. Hudson Engineering is a Camden, NJ-based marine engineering firm that provides services across the United States, mainly in the Philadelphia and Delaware Valley waterfront regions. They are currently working with Calpine to reduce emissions from coal-fired plants like the Deepwater Generating Station, without completely shutting down the plants. The coal firing will be replaced by natural gas, a cleaner alternative. Full story here
Washington D.C., Oct. 30, 2015 - The Securities and Exchange Commission today adopted final rules to permit companies to offer and sell securities through crowdfunding. The Commission also voted to propose amendments to existing Securities Act rules to facilitate intrastate and regional securities offerings. The new rules and proposed amendments are designed to assist smaller companies with capital formation and provide investors with additional protections.
Crowdfunding is an evolving method of raising capital that has been used to raise funds through the Internet for a variety of projects. Title III of the JOBS Act created a federal exemption under the securities laws so that this type of funding method can be used to offer and sell securities. “There is a great deal of enthusiasm in the marketplace for crowdfunding, and I believe these rules and proposed amendments provide smaller companies with innovative ways to raise capital and give investors the protections they need,” said SEC Chair Mary Jo White. “With these rules, the Commission has completed all of the major rulemaking mandated under the JOBS Act.” The final rules, Regulation Crowdfunding, permit individuals to invest in securities-based crowdfunding transactions subject to certain investment limits. The rules also limit the amount of money an issuer can raise using the crowdfunding exemption, impose disclosure requirements on issuers for certain information about their business and securities offering, and create a regulatory framework for the broker-dealers and funding portals that facilitate the crowdfunding transactions. The new crowdfunding rules and forms will be effective 180 days after they are published in the Federal Register. The forms enabling funding portals to register with the Commission will be effective Jan. 29, 2016. The Commission also proposed amendments to existing Securities Act Rule 147 to modernize the rule for intrastate offerings to further facilitate capital formation, including through intrastate crowdfunding provisions. The proposal also would amend Securities Act Rule 504 to increase the aggregate amount of money that may be offered and sold pursuant to the rule from $1 million to $5 million and apply bad actor disqualifications to Rule 504 offerings to provide additional investor protection. The SEC is seeking public comment on the proposed rule amendments for a 60-day period following their publication in the Federal Register. Read More |
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