Singapore, Feb 24, 2022 - (ACN Newswire) - The historic Nedlands Baths site on the Swan River will become an iconic tourist attraction for Western Australia in a visionary $27 million redevelopment announced today by Sevens Group Australia.

The proposal to create a unique over-the-water destination has been granted Tourism Project of State Significance status under the WA Government's Tourism Attractions Case Management framework.

To be known as Sevens Nedlands Baths, the five-star hospitality and entertainment precinct will feature a contemporary cafe, bar, fine dining restaurant, a luxury boutique hotel, function centre and marina brought to life through a design that pays homage to the site's social heritage.

With 360-degree river views and a commitment to reimagine the location through quality architecture, art and landscaping, the project will hold strong appeal for international hospitality brands and hotel operators.

Sevens Group Australia CEO Eric Cheng said the Sevens Nedlands Baths will support the State Government's Reconnect WA strategy of securing world-class attractions and marketing Western Australia to the world.

"Our vision is to create an outstanding architectural icon and tourism experience that not only becomes synonymous with Perth but is on the must-see list for global travellers.

"We want Sevens Nedlands Baths to be something extraordinary for both the local community and visitors to Western Australia alike," he said.

WA Tourism Minister, Roger Cook, said the multi-million redevelopment of the historic Nedlands Baths shows confidence in the future of tourism in Western Australia, with the site to become an iconic attraction for visitors from around the world.

"As a project of State significance, I'm proud to support this project through our Tourism Attractions Case Management team, which is working with the Sevens Group to help navigate the relevant approval processes,' he said.

"The development of tourism attractions such as this will help showcase Perth and Western Australia as a must-visit destination, as we prepare to welcome the return of visitors from around the world."

Sevens Group Australia said the community will be invited to contribute to honouring the site's rich history by sharing their memories of the much-loved Nedlands landmark which was established as a visitor destination in the early 1900s

Thousands of West Australian children also learned to swim at the baths until they officially closed in 1975.

Sevens Group Australia said it has received positive feedback for its Sevens Nedlands Baths concept during initial stakeholder discussions and is looking forward to finalising a design to share with the community in the coming months.

For more information visit www.sevensnedlandsbaths.com.au.

Media Contact:
Kamal Samuel
kamal@financialpr.com.sg

JAKARTA, Feb 24, 2022- (ACN Newswire)-President Joko Widodo harbors many hopes and expectations for Indonesia's State-Owned Enterprises (SOEs), and strives to see them succeed not only at a national level, but also at an international level. The President believes these SOEs hold vast potential to dominate the essential sectors earlyon, and move to the global level as they mature.

Yet SOEs require professional management and a helping hand to assist them on their way. However great, any company that falls into the hands of mis-management will experience under development and and ultimate demise. To survive this fourth industrial revolution, companies need to elevate In theory, transformation coupled with technological adaptation will follow.

Indonesian SOEs Minister Erick Thohir spoke of three big dreams for SOEs, the first being larger SOE contributions to the nation. "If it is not my wishful thinking, it is how to enable SOEs to make a bigger contribution to the country. That is number one, "Thohir wrote on his official Instagram account @erickthohir on Feb 20.

The second dream involves the number of State-Owned Enterprises becoming less, but therefore larger in terms of the average footprint. The third dream pertains to rationalizing and optimizing the role of SOE services in the community. or KPIs.

SOEs have been undergoing a massive and ongoing transformation. It has borne fruit; for the first half of 2021, SOEs reported an income of Rp96 trillion, and net profit of Rp26 trillion. Reflecting on an improved state of affairs, Erick suggested that the restructuring. program among State-Owned Enterprises had been going well.

It turns out that SOEs behaved more efficiently as they realized greater profits, bringing the total number of SOEs from 108 to 41, and SOE sectors from 27 to 12, cDNA of mineral and coal, forestry and plantations, foods, healthcare, finance and insurance , telecommunication, infrastructure and logistics, and several others.

Thohir's ministry was successful in reducing the niumbers of SOE companies, and SOE sectors, which he had deemed too great, focusing instead on specific SOEs or segments to incorporate his tranformative notions. Among the groups undergoing transformation, the State-Owned Banks showed some tangible results.

The minister noted that the State-Owned Bank Association (Himbara) profit rose by 78% in 2021, while the banks remained focused on their respective segments: BRI (Indonesian Peoples Bank) catering to MSMEs, company-oriented Mandiri Bank, BNI (Indonesian) State Bank) with its international scope, and BTN (State Savings Bank) of housing-related financial services.

The Himbara Association gained around Rp72.05 trillion in profit in 2021, much improved from their combined profit of Rp40.34 trillion in 2020. BRI contributed Rp 30.76 trillion to this total, Mandiri Rp28.03 trillion, BNI Rp10.89 trillion, with BTN pitchig in for Rp2.37 trillion.

Syahrul Ramadhan, Coordinator of Millennial Indonesia's MSME and Business Sector, lauded Erick's initiatives, encouraging the banks to such lofty achievements. Under Thohir's command, for example, less-experienced directors had been replaced with seasoned professionals, the means to generate more profits for the state.

Moreover, a business sector mapping was undertaken since the SOEs had so many businesses; some SOEs weren't even sure what their focus sector was. Deputy Head of Commission VI, House of Representatives, Martin Manurung seconded a motion recognizing the adjustments of State- Owned Enterprises as ongoing.

Indeed troubles from the past still linger, though the Commission VI and the government are both committed to the betterment of the situation, as was apparent from their meetings.

Manurung affirmed that President Joko Widodo (Jokowi) hopes that a future will materialize through Revisions of the SOEs Laws, which are currently being prepared by his administration. Manurung concluded by commending Jokowi's promotion of government investment.

Government Capital: the rules

Essentially, the commission and the ministry are on the same boat for most aspects in the quest to improve SOEs. These include restructuring, holdings, clusters, and investments, among others. The commission also agrees to some suggestions made by SOEs that received Government Capital for company acts.

In some instances, the discussions of Government Capital cannot be avoided. It should be ensured that capital is used for boosting the SOEs productivity, thereby offering significant contributions to the state in the form of dividend, tax, and more.

President Jokowi drew attention to several SOEs that had received excess government capital as a means of protecting continuation, despite making no meaningful contribution to the state, and it has often been stressed that capital should not be used as a way to cover losses caused by faulty management, he insisted.

The president gave stern warning that no such cases should recur. In fact, he also suggested that the dying companies be closed right away in lieu of having government capital being handed over to them. cynicism but rather based on the spirit to see the companies achieve success together, an expectation which hopefully does not end in dreams.

(c) ANTARA 2022. Reporters: Hanni Sofia, Mecca Yumna; Editor: Rahmad Nasution
ANTARA / HO-KBUMN: https://www.acnnewswire.com/topimg/Low_Antara202202242.jpg

SINGAPORE, Feb 24, 2022 - (ACN Newswire) - Moonstake is pleased to announce that our users can now earn interest from staking Everscale network's EVER token on both the Web and Mobile Wallets! Hold, send, receive, and stake EVER to receive rewards with the best user experience through one single click. After Cosmos, IRISnet, Ontology, Harmony, Tezos, Cardano, Qtum, Polkadot, Quras, Centrality, Orbs, IOST, TRON, Shiden, and FIO, EVER became the 16th staking coin available on Moonstake.

Moonstake started the staking business last year with the aim to create the largest staking network in Asia. Since then, we have developed the most user-friendly Web Wallet and Mobile Wallet (iOS/Android) with support for over 2000 cryptocurrencies. After a full-scale operation launched in August 2020, Moonstake's total staking assets have grown rapidly to reach $1 Billion, allowing Moonstake to become one of the top 10 staking providers globally. Since March this year, Moonstake has also entered DeFi together with the newly launched DeFi platform, Muse.Finance, who has begun releasing its core DeFi products which are all scheduled to be integrated into Moonstake platform to enable advanced DeFi connectivity for our global users.

Meanwhile, Everscale Network is a blockchain made up of DAOs called sub-governance. Everscale is an SDK with Solidity and C ++ compilers, APIs, 13 programming languages, and client libraries for all popular platforms, local nodes for DApp testing, CLI tools, DeFi, NFT, tokenization, and governance. It has powerful developer tools such as a decentralized browser and a range of wallets that empower many applications. Everscale is a new and unique blockchain design that combines a scalable distributed world computer with the distributed operating system Ever OS.

EVER Reward Campaign
To celebrate the launch of the EVER staking feature on Moonstake through partnership with Everscale, Everscale Japan is launching an EVER Giveaway Campaign on February 24, 2022.

The first 2,000 people to open a Moonstake account through the Moonstake registration link below will receive an EVER token reward that is worth about $10. Details of the event will be announced on Everscale Japan's Twitter, so please follow their channels to stay updated.

Moonstake account registration link for EVER reward campaign: https://wallet.moonstake.io/sign-up?ref=CYRHJWWH6Z
Everscale Japan Twitter: https://twitter.com/EverscaleJapan

How to stake EVER on Moonstake Wallet
Here's a simple 3-step process to stake EVER with Moonstake Wallet:
1. Register your Moonstake Wallet via Web or mobile (iOS/Android)
2. Select EVER from the "Wallets" screen and click the "Add Asset" button.
3. Access the EVER screen to check your staking information. From the Staking tab, click the "Stake" button and enter your wallet password to complete staking.

How EVER staking works
Hold EVER, 10 EVER minimum staking amount.
Agree to lock in and stake EVER.

To get the maximum reward, split your stake into two parts and make sure to invest in both even and odd rounds. Currently, Everscale's staking yields an annual interest rate of up to 6%.

How to get rewards of EVER staking
Rewards are paid by the Elector system contract after each validation cycle and are distributed by depools between stakeholders in proportion to their stake.

A small part of reward (typically 5%) goes to the validator node, the rest serves as a basis for distribution between all stakeholders.

How EVER unstaking works
If token holders want to send an asset that is currently staked, they will need to unstake it first. The staked coin is locked in the pool for the duration of the validation round (up to 54 hours) and cannot be withdrawn until then.

To withdraw your tokens from specific rounds, make sure to put the withdrawal request until the round ends. You can track validation rounds using network explorers tonscan.io or ever.live.

In case no withdrawal request is done before the validation cycle ends, the reward will be automatically added to your stake amount and participate in validation.

Moonstake is pleased to partner with Everscale to bring our users a satisfactory experience staking EVER. We look forward to further collaboration with the Everscale team to bring even more value to crypto users worldwide.

About Moonstake

Moonstake is the world's leading staking service provider that develops and operates decentralized wallet services for businesses and individuals.

Since its launch in April 2020, Moonstake has partnered with 27 leading platform providers, including Cardano's constituent Emurgo, developer of the Polkadot-connected blockchain Astar Network Stake Technologies, and the TRON Network with over 50 million users. In May 2021, Moonstake further enhanced its corporate credibility by becoming a wholly owned subsidiary of OIO Holdings Limited, a company listed on the Singapore Stock Exchange.

Using blockchain technology, Moonstake aims to progress toward a world where anyone can easily make use of highly secure and reliable digital asset management tools. https://www.moonstake.io/

About Moonstake's staking business

For the staking industry, which has grown into a 630-billion dollar market as of September 2021, Moonstake provides a decentralized staking service that does not require user deposits, and supports nodes around the world in addition to its own validator nodes. Moonstake currently supports the staking of 12 blockchains. With a total staking assets of 1.8 billion USD and a global user base, the company ranked third out of more than 10,000 providers worldwide in June of the same year.

About Everscale

Everscale is a new and unique blockchain design that proposes a scalable decentralized world computer, paired with a distributed operating system. The network is based on a platform called Ever OS, capable of processing millions of transactions per second, with Turing-complete smart contracts and decentralized user interfaces.

Everscale presents some new and unique properties, such as dynamic multithreading, soft majority consensus and distributed programming, which enable it to be scalable, fast and secure at the same time. It is governed by a decentralized community founded upon meritocratic principles via Soft Majority Voting protocol.

Everscale has powerful developer tools, such as compilers for Solidity and C++, SDK and API, client libraries ported to more than 20 languages and platforms, a range of decentralized browsers and wallets empowering many applications in DeFi, NFT, tokenization and governance domains. https://everscale.network/