Economy
Shopee Singapore and Children’s Cancer Foundation Announce Partnership to Support The Hope Train x ARTrepreneur 2024 Initiative
Shopee’s Contributions to The Hope Train x ARTrepreneur 2024 Initiative
Shopee is pledging significant support to the The Hope Train x ARTrepreneur 2024 initiative, with a series of activities designed to engage the public, raise awareness, and for Shopee to make donations to CCF:
- S$10,000 Donation Through Shopee Kiap Kiap Game: Shopee is targeting to raise S$10,000 through its popular Shopee Kiap Kiap game, where every 5 plays contribute S$0.01 to the cause. The accumulated amount will be directed to CCF’s programs supporting youth cancer survivors.
- Storytelling and Awareness on Shopee’s Website: Shopee will feature the stories of the youth survivors and their artwork on its website, helping to raise awareness about childhood cancer and the strength and resilience of these young individuals.
“We are deeply honored to collaborate with the Children’s Cancer Foundation on this meaningful initiative,” said Chua Kel Jin, Director of Shopee Singapore. “At Shopee, we believe in the power of community, creativity, and giving back. Through Shopee Kiap Kiap and this partnership, we hope to raise awareness and provide these young survivors with a platform to shine.”
Empowering Young Survivors Through Art
The Hope Train x ARTrepreneur 2024 Initiative shines a spotlight on the extraordinary creativity of youth cancer survivors, offering them a platform to express themselves through art.
Through this programme, these resilient young individuals gain access to customised art skills training that not only hone their craft but also opens doors to future career opportunities. By empowering them with the tools to develop their talents, the initiative helps foster a sense of purpose, self-confidence, and hope.
Launch and Additional Information
The Hope Train x ARTrepreneur 2024 initiative will kick off on 3 December and run until 12 December 2024. To learn more about the initiative or to participate in the Shopee Kiap Kiap game, visit https://shopee.sg/m/1212kiap-ccf.
Hashtag: #shopee #shopeegivesback #ARTrepreneur2024 #shopeekiapkiap #CCF #CSR
The issuer is solely responsible for the content of this announcement.
About Shopee
Shopee is the leading e-commerce platform in Southeast Asia & Taiwan. Shopee promotes an inclusive and sustainable digital ecosystem by enabling businesses to digitalise and grow their online presence, helping more people access and benefit from digital services, and uplifting local communities.
Shopee offers an easy, secure, and engaging experience that is enjoyed by millions of people daily. Shopee is also a key contributor to the region’s digital economy with a firm commitment to helping homegrown brands and entrepreneurs succeed in e-commerce.
Shopee is part of Sea Limited (NYSE: SE), a leading global consumer internet company. Sea’s mission is to better the lives of consumers and small businesses with technology through its three core businesses: Shopee, Garena and SeaMoney.
About Children’s Cancer Foundation
Founded in 1992, the Children’s Cancer Foundation (CCF) is a Social Service Agency dedicated to enhancing the quality of life for children with cancer and their families. With a mission to improve emotional, social, and medical well-being, CCF is committed to becoming a leading provider of resources and psychosocial services for those impacted by childhood cancer.
CCF’s mission is to improve the quality of life of children with cancer and their families by enhancing their emotional, social, and medical well-being. CCF’s vision is to become a leading provider of resources and psychosocial services to children and families impacted by childhood cancer.
By Aduragbemi Omiyale
All may now be set for the presentation of the 2025 Appropriation Bill to the joint session of the National Assembly by President Bola Tinubu on Wednesday, December 18, 2024.
The exercise was earlier scheduled for today, Tuesday, December 17, 2024, but it was shifted to tomorrow after the 2025 budget proposal of N48 trillion was approved Federal Executive Council (FEC).
The council met on Monday on the 2025 Appropriation Bill and made a few amendments, according to the Minister of Budget and Economic Planning, Mr Atiku Bagudu, who addressed journalists after the meeting yesterday at the Presidential Villa, Abuja.
“Today, the Federal Executive Council approved the budget proposals for 2025 with amendments, which Mr President directed, following a presentation to the Federal Executive Council by the Director of the Budget Office, Tanimu Yakubu.
“The 2025 budget proposal articulates the federal government’s financial plan for the 2025 fiscal year and aligns with the renewed hope agenda and the National Development Plan, 2021–2025, as earlier approved in the medium-term expenditure framework and fiscal strategy paper,” the Minister informed newsmen
Mr Bagudu disclosed that the framework is based on a benchmark oil price of $75 per barrel, an exchange rate of N1,400/$1 and crude oil production of 2.06 billion barrels per day.
He disclosed that based on these parameters, the total projected revenue for the year is N34.820 trillion out of which the expenditure is projected at N47,960 trillion, higher than the 2024 figures by 36.8 per cent, with the deficit projected at N13.13 trillion, to be financed by borrowing.
Also addressing members of the press after the meeting was the Minister of Finance and Coordinating Minister for the Economy, Mr Wale Edun, who announced that the N13 trillion deficit would be financed through borrowing.
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange slumped by 0.57 per cent on Monday, December 16, trimming the benchmark index, the Unlisted Security Index (NSI), by 117.21 points to 3,014.95 points from the 3,092.16 points it ended last Friday.
However, the market capitalisation of the alternative bourse went down by 2.74 per cent or N29.16 billion during the session to N1.033 trillion from the N1.062 trillion it closed in the previous trading day.
Business Post reports that FrieslandCampina Wamco Nigeria Plc lost N2.75 yesterday to settle at N40.10 per share compared with the preceding session’s N42.85 per share and Afriland Properties Plc weakened by 10 Kobo to wrap the trading day at N16.20 per unit, in contrast to last Friday’s N16.30 per unit.
A look at the activity chart showed that the volume of securities bought and sold by investors on the first trading session of the week went down by 92.6 per cent to 90,629 units from the 1.2 million units transacted at the last session.
Also, the value of shares traded by the market participants on Monday declined by 6.7 per cent to N2.3 million from the N2.4 million quoted in the previous session, as the number of deals carried out closed flat at 18 deals.
At the close of business, Geo-Fluids Plc retained its position as the most active stock by volume (year-to-date) with 1.7 billion units sold for N3.9 billion, followed by Okitipupa Plc with 752.2 million units valued at N7.8 billion, and Afriland Properties Plc with 297.6 million units worth N5.3 million.
Aradel Holdings Plc also remained the most active stock by value (year-to-date) with 108.7 million units worth N89.2 billion, trailed by Okitipupa Plc with 752.2 million units valued at N7.8 billion, and Afriland Properties Plc with 297.6 million units sold for N5.3 billion.
By Adedapo Adesanya
The Naira depreciated against the US Dollar at the Nigerian Autonomous Foreign Exchange Market (NAFEM) on Monday after the National Bureau of Statistics (NBS) disclosed that the inflation rate increased in November 2024 to a multi-year high of 34.60 per cent.
The local currency lost N12.10 or 0.79 per cent against the greenback yesterday to trade at N1,545.10/$1 compared with last Friday’s closing rate of N1,533.00/$1, according to data from the FMDQ Securities Exchange.
The NBS on Monday indicated that inflation rose by 0.72 per cent on a month-on-month basis to a year-high of 34.60 per cent in November 2024. In the preceding month, the rate was 33.88 per cent.
Analysts at Coronation Plc noted, “The month-on-month core inflation measure eased to 1.38 per cent from 2.14 per cent in October, following the NNPC downwards review of petrol price in November.”
However, it warned that “Persistent inflationary pressures continue to pose significant challenges to businesses and households. Elevated production costs have translated into higher operating expenses for businesses, many of which have been passed on to consumers through increased prices. This dynamic erodes household purchasing power and suppresses consumer demand.”
But it was observed that at the official market, the domestic currency appreciated against the Pound Sterling yesterday by N1.31 to trade at N1,940.88/£1 compared with the previous trading day’s N1,942.19/£1 and against the Euro, it improved by N3.98 to sell for N1,608.87/€1 versus N1,612.85/€1.
At the black market, the Naira, however, declined against the Dollar yesterday by N10 to settle at N1,660/$1, in contrast to the previous trading session’s price of N1,650/$1.
Meanwhile, the digital currency market was largely mixed as investors awaited interest rate cuts by the US Federal Reserve this week while a stronger Dollar affected riskier assets.
Ripple (XRP) gained 4.5 per cent to sell at $2.52 as it announced the RLUSD stablecoin set to officially launch on Tuesday and the bullish sentiments surrounding the launch could further boost the price of the coin.
Further, Bitcoin (BTC) increased its value by 1.5 per cent to finish at $106,876.37, Ethereum (ETH) jumped by 1.2 per cent to $4,019.57, and Binance Coin (BNB) rose by 0.4 per cent to $718.02.
On the flip side, Solana (SOL) slumped by 3.4 per cent to $215.97, Litecoin (LTC) slid by 3.1 per cent to $117.16, Cardano (ADA) lost 2.2 per cent to quote at $1.06, and Dogecoin (DOGE) fell by 1.3 per cent to $0.4001, while the US Dollar Tether (USDT) and the US Dollar Coin (USDC) traded flat at $1.00 each.
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