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HemoHim’s Global Market Success Rooted in Rigorous Quality Control

August 24, 2024,Seoul, South Korea : HemoHim, a health functional food developed by Kolmar BNH (KRX: 200130), is garnering significant attention in the global market thanks to its meticulous quality control measures throughout the entire process, starting with the stringent management of raw material origins.

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HemoHim G, produced by Kolmar BNH and distributed by Atomy is gaining a great popularity around the world (Image: Kolmar BNH)
HemoHim G, produced by Kolmar BNH and distributed by Atomy is gaining a great popularity around the world (Image: Kolmar BNH)

HemoHim is Korea’s first individually-approved health functional food designed to enhance immune function and alleviate fatigue. Developed by Kolmar BNH in 2006, it is formulated with domestic natural ingredients such as angelica gigas, cnidium officinale, and paeonia japonica. Distributed by Atomy, HemoHim is exported to about 20 countries, including the United States and China. Since its launch, it has generated over KRW 2 trillion in cumulative domestic and international sales, with exports surpassing USD 200 million.

HemoHim’s nearly 20-year consumer preference is highly attributed to the “trust earned through rigorous quality control.” Kolmar BNH, the manufacturer of HemoHim, maintains strict oversight over the cultivation of its primary raw materials—Korean angelica gigas Nakai, cnidium officinale, paeonia japonica—ensuring their safety. The company has established a dedicated food safety team to continuously share technology and provide education to raw material cultivating farms, while rigorously inspecting the safety, stability, and efficacy of these ingredients.

Furthermore, Kolmar BNH has enhanced its quality competitiveness by developing genetic testing methods to verify the country of origin, ensuring the prevention of contamination of primary raw materials with other species. In July, Kolmar BNH patented a genetic analysis method (SCAR Marker) that identifies the origin of Korean angelica gigas by recognizing specific genetic regions. Moreover, Kolmar BNH developed a genetic analysis method using PCR (polymerase chain reaction) analysis for cnidium officinalea and paeonia japonica and completed the patent registration process two years ago.

Safety was also the top priority for HemoHim G, a latest product targeting the global market. In April, Kolmar BNH published a study on HemoHim G in the SCIE-ranked journal ‘Toxicological Research,’ demonstrating its safety. Conducted according to OECD guidelines, the study holds significance not only in facilitating safety approvals in other countries but also in securing intellectual property rights with reliable results.

HemoHim G (Global) is the international version of HemoHim, Korea’s first individually-approved immune-boosting health supplement developed by Kolmar BNH over an eight-year period. The formulation has been tailored to comply with the food regulations of various countries, with adjustments made to raw materials and ingredient ratios. The product features angelica sinensis, ligusticum chuanxiong, paeonia lactiflora, all selected through rigorous provenance and quality control processes. Enhanced taste and aroma also make HemoHim G more appealing to a broader audience.

Kolmar BNH plans to continuously improve quality through ongoing research and development to support HemoHim’s growth as a globally recognized brand.

“HemoHim, now established as a leading K-health functional food brand in the global market, is manufactured through an exhaustive quality control process,” A Kolmar BNH official said. “We will continue to conduct extensive research and development to further enhance product reliability.”

Praveen

August 25, 2024
NuSirt Health Launches LEUSIX Dietary Supplement into the Rapidly Growing GLP-1 Companion Product Market

Harpers Ferry, WV, August 24, 2024 –NuSirt Sciences, Inc. d/b/a NuSirt Health today announced that it has launched its innovative dietary supplement, LEUSIX™, for weight management and cardiometabolic health.

For more information, and to order, please visit www.nusirthealth.com.

LEUSIX™, a combination of the essential amino acid, leucine, in patented proprietary proportions with Vitamin B6 (pyridoxine hydrochloride), is based on NuSirt’s discovery that leucine unexpectedly and synergistically amplifies cardiometabolic benefits of supplements like Vitamin B6, resveratrol, NMN, NR and berberine, and drugs like metformin and sildenafil.

Human clinical data published in peer-reviewed scientific journals showed ~300 extra calories burned per day, ~2” reduction in waist circumference at Day 28 and ~9% weight loss with lean body mass preservation at Month 6, with modest lifestyle modifications, among those taking LEUSIX™. The treatment cohort also showed improved markers of oxidative and inflammatory stress, including reduction in insulin resistance of ~40%.

In a randomized controlled trial in obese dogs, those on LEUSIX™ lost ~22% body weight and body fat in 12 weeks without caloric restrictions, which supports administration (e.g., in pill pockets) to overweight dogs.

LEUSIX™ could be a complement to or first line substitute for GLP-1 obesity drugs, which induce caloric restriction via feelings of satiety, and thus do not discriminate between weight loss from fat or lean body mass. In contrast, LEUSIX™ metabolically redirects excess energy from fat cells to skeletal muscle, thereby preserving lean body mass, without impacting enjoyment of food.

Praveen

August 24, 2024
Why investing in the UK office market is a must
As we celebrate Financial Awareness Day today, August 14th, it’s an opportune time to highlight the importance of informed investment decisions. With the London office investment market experiencing a positive shift—marked by a 1.5% rise in gross rental income and increasing rental values—this is an ideal moment to explore new investment opportunities.1

With this in mind, property experts Savoy Stewart provide their insights on why this is the ideal time for investors to explore opportunities in the UK office market.

Why now is the right time to invest in the UK office market
1. UK economic growth boosts London’s position among global cities
The UK is on the brink of significant economic growth, with the government predicted to achieve the fastest sustained expansion among G7 nations by the next election.2 This ambition, coupled with a projected 1.9% rise in Gross Value Added (GVA) between 2024 and 2027, sets the stage for robust job creation and increased investment across the UK office market.3 The recent interest rate cut to 5% further enhances the investment landscape by reducing borrowing costs and boosting returns.4

London’s economy is poised to outpace key global peers, with Central London’s economic output expected to surpass cities like New York, Paris, Berlin, and Hong Kong by 2030.5 Despite challenges such as Brexit, COVID-19, and the cost of living crisis, London has demonstrated exceptional resilience, solidifying its status as a premier global hub and an increasingly attractive destination for office market investment.
1. Rising rental yields due to supply and demand imbalance
Office occupancy levels in London have seen a remarkable 21% increase in leasing activity, driven by a surge in demand for high-quality and sustainable office spaces.6 With a supply squeeze from a depleted development pipeline, competition for best-in-class buildings is intensifying. Currently, 37% of the office space under construction, due for completion in 2024 across UK office markets, has already been secured by occupiers.7

This scarcity and increased demand for sustainable office buildings are expected to drive rents upwards, presenting investors with lucrative opportunities. The UK office market is becoming increasingly profitable, with prime office assets projected to achieve annual total returns of up to 11% by 2028. Key regional markets such as Bristol, Cambridge, Edinburgh, Oxford, and Manchester are also anticipated to see annual gains of around 7%.8
1. Falling interest rates in the second half of 2024
The Bank of England is expected to reduce interest rates later in 2024 as inflation continues to trend downward. This anticipated rate cut, following the current 5.25% level held since August 2023, means lower borrowing costs for investors.9,10 Lower interest rates will allow investors to finance properties more affordably, making it easier to leverage capital and maximise returns on investment (ROI).

The UK office market’s recent correction and adjustment to new economic conditions and working realities create a favourable environment for investment, particularly in prime and Grade A spaces.10 Investors who act now can take advantage of the current conditions to acquire properties at attractive prices and benefit from rental growth as the market recovers and fully rebounds.
1. Surge in tech and innovation investments
Seeing over £7.4 billion raised by UK start-ups and scale-ups in the first half of the year, London has solidified its status as a top destination for tech sector venture capital investment, capturing nearly one-third of all European funding.11 The city’s appeal is further highlighted by major AI firms like CoreWeave and Scale AI choosing London for their European headquarters.

Over the past decade, London has led global cities in attracting international tech companies, with over 1,700 tech foreign direct investment projects recorded since 2014.12,13 As the tech and AI industries grow, demand for office space in key areas close to talent and collaboration hubs is expected to rise, driving up rents and occupancy rates, presenting attractive investment opportunities.
1. Surge in demand for coworking spaces
The coworking space market is set to experience explosive growth, with the number of users worldwide expected to reach 5 million by 2024, doubling from 2021. The global count of coworking spaces is projected to surge by 125% in the next year, highlighting the sector’s rapid expansion.14,15

In response, UK landlords are planning a 54% increase in office space dedicated to flexible and coworking environments by 2030. This shift reflects a growing recognition of the need for adaptable workspaces, making the UK office market particularly appealing for investors looking to capitalise on this evolving demand.
Neel Achary
August 19, 2024
OLA Electric’s Groundbreaking Motorcycle Debut Revolutionizes the EV Market

In a bold move that is set to electrify the two-wheeler industry, OLA Electric has unveiled its highly anticipated electric motorcycle lineup, propelling its stock price up by 16%, reaching Rs 128.30 per share.

The trio of motorcycles—Roadster Pro, Roadster, and Roadster X—boasts cutting-edge technology, sleek designs, and unparalleled performance, promising to redefine the riding experience.

What sets OLA Electric’s motorcycles apart is their innovative battery technology, making them an attractive option for eco-conscious commuters and thrill-seekers alike. Additionally, the motorcycles feature advanced safety features, including regenerative braking and traction control, ensuring a secure and exhilarating ride.

Following an incredible reaction to MoveOS 5, this strategic expansion into the electric motorcycle category demonstrates OLA Electric’s dedication to promoting sustainable mobility solutions and lowering India’s carbon footprint.

With this launch, OLA Electric is poised to capture a significant share of the burgeoning electric vehicle market, which is expected to reach unprecedented heights in the coming years.

August 16, 2024
Noatum Enters Egypt’s Maritime Market with the Acquisition of Safina Shipping Services

Acquisition of controlling stake in the company to expand Noatum Maritime’s presence in the Middle East region

Madrid, Spain/ Cairo, Egypt – 16 August 2024: Noatum, an AD Ports Group company (ADX: ADPORTS), announced the acquisition of a majority stake in Safina B.V., a leading provider of maritime agency and cargo services in Egypt and across the Middle East region. The deal is expected to close in Q3 2024.

The acquisition by Noatum Maritime marks a significant milestone in its strategic growth as it leverages Safina’s expertise, capacity and reputation in Egypt’s maritime agency market.

The acquisition of Safina is a significant step for Noatum Maritime in its ongoing expansion across the Mediterranean, which recently included the launch of its offices in Türkiye. Along with its growth in the Middle East region, which represents a key market for the company’s global strategy, the move also integrates well into AD Ports Group’s broader presence in Egypt, which was recently marked with signing of concession agreements for the management and operation of cruise and Ro-Ro terminals at Safaga, Hurghada, Sharm El Sheikh and Sokhna ports.

Safina has evolved as a key player in the Egyptian maritime industry, offering comprehensive agency services and maritime logistics to shippers serving the metals, minerals, and fertilisers sectors. With Noatum’s extensive international network, Safina will be in an excellent position to access new customers from more diverse industries and strengthen its local presence.

As a well-established shipping agency, Safina is situated across six strategic office locations, including its headquarters in Cairo which allows it to provide agency services across 15 Egyptian ports, offering liner and tramp agency services as well as transit services through the Suez Canal. Safina enjoys a sizable market share in both Mediterranean and Red Sea Egyptian Ports, inclusive of Sokhna, Adabiya, Damietta, Port Said and Alexandria.

Terry Gidlow, Chief Executive Officer, Noatum Maritime, Noatum, Logistics Cluster, AD Ports Group, said: “Welcoming Safina into the Noatum Maritime family aligns perfectly with our vision for growth. The move enhances our presence in key markets and enables us to strengthen our service offering across Egypt, the Middle East and North Africa, providing for greater flexibility and opportunities to meet our customers’ needs. By leveraging Safina’s four decades of experience and local expertise, we aim to further optimise our operations, strengthen customer relationships, and drive sustainable growth.”

Safina will be rebranded as Noatum Maritime Egypt in due course and be integrated into the Noatum Maritime ecosystem. Its founders will retain a minority stake in the business and continue to support the growth of the company.

Neel Achary

August 16, 2024
Emerging APAC Cross-border Payment Solution Company SentBe Enters the Global $5.9 Billion Digital Overseas Remittance Market

By 2031, the digital overseas remittance market, expected to grow annually by 22%, will likely reach $45.2 billion. In this burgeoning market, SentBe, led by CEO Alex Seong-Ouk Choi, has announced its definitive entry. Following the June introduction of the API-based B2B payment solution ‘SentBiz KRW Collection’, supporting seamless international business payments for foreign enterprises requiring Korean Won collection and multi-currency settlements, SentBe is poised to expand its personal small-scale overseas remittance service regionally on a global scale.

Recent studies by global market research platform Business Research have forecast the digital overseas remittance market, worth $5.9 billion in 2022, to grow at a 22% annual rate, reaching $45.2 billion by 2031. The rise in migrant workers and the increasing prevalence of easy and quick remittance options, compared to traditional banking services, are accelerating this growth.

In response, SentBe is intensifying its direct global market entry, capitalizing on its competitive edge in digital overseas remittance services. Having established a corporation in Singapore, Asia’s forex financial hub, SentBe is bolstering its competitiveness in providing overseas remittance and payment services, utilizing its efficiency, ease of use, and customer accessibility. SentBe’s remittance services are well-recognized for their low fees, rapid processing, 24/7 availability, and recipient-friendly options.

Established in 2015, SentBe strives toward its mission of “A World Without Financial Borders,” developing a broad global partnership network and building a business infrastructure aligned with global standards. SentBe showcases both the individual small-scale overseas remittance service ‘SentBe’ and the business-focused overseas remittance and payment solution ‘SentBiz’.

Particularly noteworthy, SentBe initiated its C2C service in 2016, focusing initially on migrant workers within Korea. This service was distinguished by its safety, convenience, and competitively low fees. Following its domestic success, SentBe expanded this service across various Asian countries, including Singapore and Indonesia, based on its strong performance and positive reception. As SentBe prepares for its entry into the global market, the C2C service is set to broaden significantly. This expansion will cater not only to migrant workers and Korean expatriates within the countries where the service is offered but also to students and other long-term residents from Korea, effectively making SentBe’s services accessible to a global audience.

Currently, SentBe’s C2C service supports remittances to over 50 countries globally, including the United States, Thailand, the Philippines, and Malaysia, with the capability to complete transactions within a single day. Offering remittance fees that are up to 90% lower compared to conventional banks, this service has become increasingly popular among migrant workers in Korea and across Asia. According to SentBe’s 2023 Business Impact Report, from 2016 to 2023, migrant workers using the C2C service have saved a total of $264 million in fees. Notably, 71% of these transactions have been remittances sent back to Southeast Asia, indicating that the savings on fees significantly boosted the amount of money workers could send home. Looking forward, SentBe is committed to further refining the remittance process, drawing on its comprehensive understanding of the remittance needs and experiences of migrant workers from Asia, including those in Korea, Indonesia, and Singapore.

Additionally, SentBe is significantly enhancing cost reduction and operational efficiency for both domestic and international companies through its proprietary API settlement solution, ‘SentBiz’. This service offers tailored financial solutions to global corporations that require local settlements in individual countries. From 2020 to 2023, companies utilizing SentBiz have realized a total of $76 million in fee savings. The recently launched SentBiz KRW Collection, for instance, provides a comprehensive one-stop service for international money transfer operators (MTOs), payment gateway (PG) providers, and global e-commerce platforms that need to collect Korean Won within the Korean market. This service simplifies complex financial processes by offering features such as multi-currency settlements in 31 global currencies across 174 countries, enabling payment without the need for currency exchange through the use of secure virtual accounts

CEO Alex Seong-Ouk Choi of SentBe said, ‘We are continually researching the affordability, accessibility, and inclusiveness of SentBe’s offerings, as evidenced by our 2023 Business Impact Report. Notably, 68% of transactions through our personal small-scale overseas remittance service occurred outside of traditional banking hours, and it was found that approximately 80% of transactions from our B2B client’s single requests consisted of multiple transactions, which were often processed on the same day. For corporate clients, eliminating the need to visit a bank not only enhanced accessibility but also significantly improved their operational efficiency. Although usage patterns vary among customers, 92% of all transactions across these services were completed within 24 hours of the request, and 90% of transactions over weekends were completed within one day. The reason both individual and corporate clients are highly satisfied with SentBe’s services is that they offer the convenience of handling multiple transactions swiftly and outside of regular banking hours, which is not possible with traditional financial institutions.’”

CEO Choi added, “The widespread adoption of our online remittance services by both individuals and businesses has significantly contributed to the rapid growth of the digital overseas remittance market. As SentBe continues to expand internationally, leveraging our innovative solutions, unique business infrastructure, and secure management capabilities, we aim to be recognized as a leading cross-border payment solution company in the global fintech payment/remittance sector.”

Meanwhile, SentBe continues to drive sustainable growth and expand its geographical and service reach in the global market, based on its achievements in Korea and Asia. It operates a dedicated in-house Legal & Compliance Division, comprising domestic and international financial legal experts, ensuring compliance with global laws and managing foreign exchange risks. With over 80 global partnerships, SentBe maintains an information security system and safety standards that meet global criteria. Moreover, SentBe is the first and only Korean fintech firm to have acquired a Singapore Cross-border Money Transfer Service License from the Monetary Authority of Singapore (MAS) in 2020, solidifying its robust legal foundation for handling international remittance and payment transactions.

Neel Achary

August 15, 2024
Future outlook for residential market in India remains optimistic: Report

Future outlook for residential market in India remains optimisticIANS

The future outlook for the real estate market remains in the optimistic territory in India, showcasing the sector’s resilience with notable activity in residential and office demands, a report showed on Wednesday.

The Knight Frank–NAREDCO report cited that the ‘Current Sentiment Index Score’ has moderated to 65 from its all-time high in Q1 2024, indicating a measured outlook among stakeholders. Future sentiment score for this period also recorded a recalibration in Q2 2024 and was recorded at 65.

The report mentioned that while both current and future sentiments remain firmly in the positive zone suggesting a continued belief in the sector’s long-term prospects, “the scores reflect a more tempered view on recent real estate growth, influenced by election and budget speculations”.

Shishir Baijal, Chairman and Managing Director, Knight Frank India, said that the current and future sentiment score of 65 is still in positive. “The economy remains positive with key indicators seeing stability while remaining resilient against the global geo-political developments,” said Baijal.

With positive sentiment driven by sustained growth in residential and office markets, this adjustment highlights the sector’s careful and measured approach, ensuring continued stability amidst ongoing economic and political developments, he added.

Indexation removal on real estate won’t hike tax burden, has limited impactIANS

The Future Sentiment Index has adjusted from 73 in Q1 2024 to 65 in Q2 2024, reflecting a positive yet more conservative outlook for the near term.

According to the report, the residential market outlook in Q2 2024 sustains optimism with 63 per cent response rate for an expected rise in residential prices while 51 per cent of the stakeholders anticipate an increase in sales with a significant portion of 24 per cent respondents expect stability.

“The office market outlook exhibits buoyancy on all key parameters – leasing, supply and rent as the stakeholders remained confident of the performance of this asset class in the next six months,” the findings showed.

“The residential and office markets continue to show notable activity, signalling ongoing growth and opportunity. Developers and other key stakeholders, including banks and financial institutions, are maintaining a positive outlook,” said Hari Babu, President-NAREDCO.

(With inputs from IANS)

August 14, 2024
India’s 5G smartphone market share surges 77 pc in Q2
5G mobile subscriptions in India to reach 130 mn in 2023IANS

India’s 5G smartphone market share increased to 77 per cent in the second quarter (Q2) — up from 49 per cent in the same quarter last year — while the average selling price declined by 22 per cent to $293 (about Rs 24,000), a report said on Tuesday. Nearly 27 million 5G smartphones were shipped in the April-June quarter.

The Indian smartphone market shipped 69 million smartphones in the first half of 2024, with 7.2 per cent growth YoY (year-over-year), according to the International Data Corporation (IDC). In Q2, the market shipped 35 million smartphones, with growth of 3.2 per cent YoY.

The report said that although it is the fourth consecutive quarter of YoY shipment growth, muted consumer demand and rising average selling prices (ASPs) continue to restrict swift annual recovery.

“Apart from old inventory clearance in the first half of the quarter, vendors also started to launch new smartphones, especially in the mid-premium/premium segment (mostly China-based vendors) from mid-quarter onwards, for monsoon sales in July and August,” said Upasana Joshi, Senior Research Manager, Devices Research, IDC India.

Key models were the iPhone 13, Galaxy S23FE, iPhone 12 and OnePlus12IANS

The entry-level (sub-$100) segment witnessed a strong decline of 36 per cent YoY to 14 per cent share, down from 22 per cent a year ago. Xiaomi continued to lead this space, followed by Poco and realme.

Shipments to the mass budget (above $100 and below $200) segment grew by 8 per cent YoY. The top 3 brands were Xiaomi, realme and vivo, making up 60 per cent of this segment.

According to the report, the premium segment held 2 per cent share and declined by 37 per cent in unit terms. Key models were the iPhone 13, Galaxy S23FE, iPhone 12 and OnePlus12. Apple’s share increased YoY to 61 per cent, while Samsung’s share increased to 24 per cent, from 21 per cent a year ago.

In Q2, shipments to online channels grew by 8 per cent YoY, and its share increased to 50 per cent in Q2 compared to 47 per cent in Q2 2023.

(With inputs from IANS)
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August 13, 2024
Hindenburg Allegations Against SEBI Chief: Market Resilience and Investor Trust Prevail

IANS

The Indian stock market demonstrated remarkable resilience against allegations made by Hindenburg Research against the Securities and Exchange Board of India (SEBI) Chairperson, Madhabi Puri Buch, and her husband, Dhaval Buch. Despite the negative report, the domestic stock markets remained largely unaffected, with the benchmark indices ending flat on Monday. This was contrary to the predictions of an imminent crash following the release of the report.

The Hindenburg report had sparked a political storm, with the Leader of Opposition (LoP), Rahul Gandhi, demanding a Joint Parliamentary Committee (JPC) probe into the serious charges against the SEBI chief. In a video message, Gandhi stated that the integrity of the securities regulator, entrusted with safeguarding the wealth of small retail investors, had been gravely compromised by the allegations against its Chairperson.

However, the market’s response was contrary to these concerns. The Sensex jumped over 300 points during intra-day trading, even crossing the 80,000 level for a short period. This reflected the trust of Indian investors in the market’s strong fundamentals and overall economic growth.

At close, the Sensex was down just 57 points at 79,648, and the Nifty was down 20 points to close at 24,347. Market experts attributed this resilience to the market’s anticipation of ease in Consumer Price Index (CPI) inflation, supported by a good monsoon. They also noted that the buy-on-dips strategy, which has been working well in this bull run, is likely to continue.

In response to the allegations, the SEBI advised investors to remain calm and exercise due diligence before reacting to inaccurate reports like Hindenburg. The regulator also suggested that Hindenburg Research may have short positions in the securities covered in the report.

Madhabi Puri Buch and her husband issued a detailed response to the accusations, terming them as baseless and an attempt at character assassination. They emphasized that the contested investment occurred before Madhabi’s tenure at SEBI.

The couple’s response, along with the market’s resilience, reflects the trust and confidence of the investors in the Indian stock market. This incident brings to mind similar events in the past where allegations against regulatory bodies or their heads have been made. However, in most cases, the markets have shown resilience, reflecting the robustness of the financial systems and the trust of investors.

The recent Hindenburg report and the subsequent political storm have put the spotlight on the SEBI and its Chairperson. However, the market’s response and the detailed rebuttal by the SEBI Chairperson and her husband have shown that the Indian financial system can withstand such allegations. The incident serves as a reminder of the importance of due diligence and the need for transparency in the financial sector. It underscores the strength of the Indian financial system and the trust that investors place in it, even in the face of serious allegations.

August 12, 2024
Market orders on BSE Derivatives are now live

We’re pleased to announce that you can now place Market Orders in BSE Derivatives, in addition to limit orders.

What this means:

Earlier we only permitted Limit Orders if you wished to trade in BSE Derivatives i.e. SENSEX Futures and Options. However, you can now place market orders as well.

August 12, 2024