Liminal Launches ‘Vaults’ Mobile App for Web3 Businesses

1 March 2023—Leading wallet infrastructure platform Liminal has announced its new mobile application, Liminal Vaults, that allows crypto-native companies to make secure transactions on the go while improving efficiency and productivity.

Powered by its secure Multiparty Computation (MPC) technology, Liminal Vaults helps organizations set up secure transactions while enabling them to move assets quickly and securely. Users can also add an extra layer of authentication by utilizing the app's features while carrying out a transaction, giving them complete control over their keys and transactions without compromising security, making it an ideal choice for Web3 organizations.

“We are delighted to launch our iOS app ‘Liminal Vaults’, which empowers our users to approve transactions on the go securely. With the app, we will give users the tools and freedom to make transactions with the assurance of complete privacy and security. In addition, the MPC technology helps store a variety of digital assets with confidence,” Mahin Gupta, Founder of Liminal, said of the launch.

The app’s launch is part of Liminal’s continued efforts to provide an ever-learning and secure platform to store, transfer, and manage digital assets independently.

Growth of blockchain adoption in Southeast Asia

Apps intended for crypto-native or Web3 businesses show the continued growth of crypto and blockchain industries. Southeast Asia is one of the regions leading the charge when it comes to crypto adoption with countries like Vietnam and the Philippines placing first and second respectively out of 146 countries in the most recent edition of the 2022 Global Crypto Adoption Index by blockchain analysis firm Chainalysis.

In the Philippines alone, some 10.9 million Filipinos own cryptocurrencies as of November 2022.

“With the increasing need for a robust infrastructure, it's imperative for Web3 businesses & exchanges to have control of digital assets at any given time. Our app gives enterprises the power to manage transactions while offering the utmost security of self-custody on the go,” explained Dhruvil Shah, Liminal’s SVP for Technology.

Liminal Vaults App is designed to provide a smooth and intuitive experience for all users. From downloading the app to setting up your account and accessing all of its features, the process is quick and effortless with a user-friendly interface. So, whether you are an exchange, HNI, web3 company, treasuries or even an individual who needs to manage digital assets, you can trust Liminal’s simple and seamless onboarding process. 

With the app, you can enable mobile signing access for relevant team members in your organization. Using the app, you can also create and approve policies like whitelisting addresses, transaction limits etc.

The Liminal Vault app is now live in Singapore from the iOS app store and will soon be available in more countries.

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About Liminal

Liminal is an automated wallet infrastructure platform that offers robust security to digital assets. An ISO 27001 and 27701 certified organisation, Liminal, is based in Singapore. Liminal enables crypto-native companies to securely scale their digital asset operations through automated, plug-and-play wallet architecture. They provide a combination of multi-signature and multi-party computation (MPC) to provide secure, efficient, and compliant access to digital assets. Its operational excellence framework provides efficient fee management, transaction confirmation guarantees, seamless onboarding, and other wallet operations hence, saving businesses significant development costs. Liminal’s unified interface ensures the same wallet management experience across multiple blockchains. Its proprietary regulatory readiness program, which includes AML checks, travel rules and CCSS-compliant platforms, helps projects fast-track their compliance journey.

DTI Chief: PH Gov’t to Pursue Reforms to Seize Opportunities from US-China Trade War

MALACAÑAN – According to Trade Secretary Ramon Lopez, the government needs to pursue more reforms to take advantage of opportunities resulting from the ongoing US-China trade war.

Sec. Lopez said that the Cabinet decided to adopt the recommendations of the Department of Trade and Industry (DTI) and the National Economic Development Authority (NEDA) during a joint presentation at the 41st Cabinet meeting last 4 September. The proposed solutions require a whole-of-government approach and involve several government agencies aside from DTI and NEDA.

PH is the second-best Asian export performer, with a merchandise export growth of 1.2% in the 2nd quarter of 2019. Among 11 Asian countries measured, PH, Vietnam, and Malaysia were the only countries with positive growth. Meanwhile, China, Chinese Taipei, Japan, Thailand, Singapore, Hong Kong, South Korea, and Indonesia reported contractions in merchandise exports.

“The Philippines is not as vulnerable as other countries, as exports only account for 15% of our GDP. But a prolonged trade war will eventually affect our export growth,” said Sec. Lopez.

Sec. Lopez added that the trade war is “an opportunity for the Philippines to attract more export-oriented manufacturing foreign direct investments. However, it is necessary to address key constraints in attracting investors to the country.”

Board of Investments-approved projects from the US and China are growing, albeit at different rates. US investments grew by 7.3% from PHP583 million in 2017 to PHP625 million in 2018. Meanwhile, Chinese investments grew by 8,364% from PHP576 million in 2017 to PHP48.74 billion in 2018.

To achieve this goal, DTI and NEDA proposed recommendations, ranging from short-term to long-term strategies, said the Secretary.

DTI is already implementing some of the short-term strategies, like eliminating investor uncertainty by supporting the passage of the Corporate Income Tax and Incentives Rationalization (CITIRA) Act, and to further liberalize the market through amending the Foreign Investment Act, Public Service Act, and Retail Trade Liberalization Act.

To improve ease of doing business, Sec. Lopez said the gov't is seeking to expedite web-based solutions by establishing a Central Business Portal and fully-operationalizing TradeNet, the government’s online platform for trading permits.

In tandem with these are recommendations to ensure national security and peace and order considering the rising investments from China and to assist local workers who will be displaced due to the trade war.

Lastly, Sec. Lopez said DTI will continue its “Last Touch” trade strategy, which aims to integrate PH in regional value chain production networks to enhance local value-added and attain the best access to major markets. The agency does this by deepening regional partnership through the Regional Comprehensive Economic Partnership (RCEP), while pursuing trade agreements with countries outside the Asia-Pacific region.

The Secretary likewise related long-term strategies like the collaboration of different government agencies to improve the country’s business climate. By developing state-of-the-art ports, airports and guaranteeing affordable and reliable energy throughout the country, investors will be encouraged to locate in emerging hubs outside of Metro Manila.

To improve the Philippine human capital, DTI and NEDA suggested to equip students and workers with the skills needed the Fourth Industrial Revolution (Industry 4.0). There should also be a government-led effort to promote innovation by building regional inclusive innovation centers (RIICs) in major cities and provinces. These RIICs will serve as a hub for startups and partnership projects among the industry, government, and academe.

DTI will also lead in linking domestic Micro, Small, and Medium Enterprises (MSMEs) with global businesses. The agency will also partner with other concerned agencies to strengthen national quality infrastructure for standards setting, testing and accreditation, and metrology to create more competitive products and industries.

Sec. Lopez said that these initiatives will not only shield the Philippines from the worst effects of the US-China trade war but will also improve the country’s attractiveness to foreign investors in other countries in general.

He added that attracting foreign investments is part of President Rodrigo Duterte’s promise of a more comfortable life for all Filipinos by providing decent job and livelihood opportunities.

Mega Trade Deal in the Final Stages

BANGKOK — The sixteen (16) Ministers of the Regional Comprehensive Economic Partnership (RCEP) participating countries from the 10 members states of ASEAN (Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, Viet Nam) together with its Free Trade Area (FTA) Partners from Australia, China, India, Japan, Korea and New Zealand gathered on 8th of September 2019 in Bangkok, Thailand for the 7th RCEP Ministerial Meeting.

According to Philippine Trade Secretary Ramon M. Lopez, the RCEP Ministers expressed their collective determination to conclude the negotiations this year and recognized that the parties have reached a critical milestone as the conclusion of negotiations draws near. The Ministers mandated the negotiating teams to finish the last pending items on market access as well as a couple of issues on rules before the end of the month.

The 3rd RCEP Leaders’ Summit, to be attended by the Presidents and Prime Ministers, is scheduled at the sidelines of the ASEAN Summit in early November 2019, where the conclusion of the RCEP is set to be announced.

To ensure that the agreement will be concluded, the Ministers committed to exert utmost flexibility, and provide appropriate resources for the negotiations.

In today’s growing global economic uncertainty and trade frictions, the conclusion of the RCEP would help bring back the confidence to the international trading system and help ensure a more stable environment in trade and investment.

The agreement will also help level the playing field and help contribute in building a free and fair market in the region.

“For the Philippines, this agreement is envisaged to achieve greater market access for goods, services, and investments, and provide a business friendly and trade facilitative rules for businesses and investors.” Lopez said.

The final round of negotiation is scheduled on September 19-28, 2019 in Danang, Vietnam.

Read the 7th RCEP MM Joint Media Statement here: https://asean.org/storage/2019/09/RCEPMM7-03-RCEP-MM-7-Joint-Media-Statement-FINAL.pdf 

DRIVERS OF MSME DEVELOPMENT

Thai Prime Minister Prayut Chan-o-cha met Department of Trade and Industry (DTI) Secretary Ramon Lopez and other ASEAN Economic Ministers (AEM) prior to the opening of the 51st AEM Meeting and Related Meetings in Bangkok on 6 September 2019. The Prime Minister encouraged ASEAN countries to support micro, small, and medium enterprises (MSMEs) by teaching technological and digital know-how and encouraging innovation – the same strategies that President Rodrigo Duterte and DTI implement. The Prime Minister also underscored the importance helping SMEs level up their businesses. In the Philippines, DTI continues its effort in upgrading MSMEs and ensuring they are at the front and center of its economic agenda through various public and private partnerships. DTI implements the 7Ms framework (Mindset Change, Mastery, Mentoring, Money, Machine, Market Access and Models of Negosyo), a holistic approach of the government that would develop smarter entrepreneurs for poverty reduction.

COMPLETE CARD ANNOUNCED FOR ONE: IMMORTAL TRIUMPH IN HO CHI MINH ON 6 SEPTEMBER

22 August 2019 – Ho Chi Minh City, Vietnam: The largest global sports media property in Asian history, ONE Championship™ (ONE), has just announced its historic first event to be held in Vietnam. Live from Ho Chi Minh City is ONE: IMMORTAL TRIUMPH, featuring the absolute best in world-class martial arts talent. The greatest strikers from all corners of the globe are set to converge at the Phu Tho Indoor Stadium on 6 September for an action-packed evening. ONE: IMMORTAL TRIUMPH is also the first event to feature all ONE Super Series bouts. In the main event, reigning ONE Bantamweight Muay Thai World Champion Nong-O Gaiyanghadao of Thailand will defend his title against Brice Delval of France. Ticket information for ONE: IMMORTAL TRIUMPH is available at www.onefc.com. Considered one of the greatest strikers of all time, Nong-O has captured nearly every accolade in Muay Thai. He made his first appearance at the famed Rajadamnern Stadium when he was just a teenager and won. That set off an incredible run of success. The icon has competed in over 300 professional bouts. During that time, he claimed two Thailand National Muay Thai Championships, four Lumpinee Stadium Muay Thai World Championships in different divisions, and a Rajadamnern Stadium Muay Thai World Championship. Since joining the world’s best strikers in ONE Super Series, Nong-O has dominated the competition. In February, he captured the inaugural ONE Bantamweight Muay Thai World Title with a unanimous decision victory over Han Zi Hao. He then successfully defended the belt in his next bout against Hiroaki Suzuki. Nong-O’s opponent, striking sensation Brice Delval, is a natural talent who trains at the famed Mahmoudi Gym in France. Delval grew up on the French island of Réunion, where he discovered his passion for martial arts. That ultimately led him to the sport of Muay Thai. An S1 Muay Thai World Champion, Delval now joins ONE Super Series. In his official debut, he will challenge Nong-O for the ONE Bantamweight Muay Thai World Title. Rising star Saemapetch Fairtex of Thailand returns to action in a Muay Thai contest. The former MTGP Welterweight World Champion joined ONE Super Series in 2018 and has since impressed during his time inside the ring. Prodigiously talented, Saemapetch took up Muay Thai at the age of 11, and a mere three years later, he was already competing at the famed Rajadamnern Stadium in Bangkok. Now training out of the renowned Fairtex camp in Pattaya, alongside the likes of Muay Thai World Champions Yodsanklai IWE Fairtex and Stamp Fairtex, Saemapetch is certainly a noteworthy talent to watch out for. Saemapetch takes on French Muay Thai Kickboxer and 5-time Muay Thai World Champion and Lumpinee Stadium World Champion Rafi Bohic. Bantamweights Kulabdam “Left Meteorite” Sor. Jor. Piek Uthai of Thailand and Bobo “The Panther” Sacko of France are set to see action in a Muay Thai contest. Kulabdam made a name for himself in the prestigious Channel 7 Stadium with an impressive streak of knockout victories in 2016. He was awarded the Sports Writers Association Fighter of the Year honors for his performances in 2017. Also, he is a 2-time Lumpinee Stadium Muay Thai World Champion. Sacko, on the other hand, is a WMF Welterweight Muay Thai World Champion and WPMF Muay Thai World Champion. Lumpinee and Rajadamnern Stadium Champion Panpayak “The Angel Warrior” Jitmuangnon of Thailand takes on RISE Featherweight Champion Masahide “Crazy Rabbit” Kudo of Japan in a kickboxing contest. In addition, Lumpinee Stadium Muay Thai World Champion Mongkolpetch Petchyindee Academy of Thailand returns to action against WBC Muay Thai Super Bantamweight World Champion Joseph “The Hurricane” Lasiri of Italy, while Singtongnoi Por Telakun of Thailand faces Kohei “Momotaro” Kodera of Japan.. Vietnamese-English athlete Michael “The Beast from the East” Pham and the United Kingdom's Amber “AK 47” Kitchen are set to see action as they face Mohamad Fakri “Ant Man” Bin Yusoff of Malaysia and Viktoria Lipianska of Slovakia, respectively, in a pair of Muay Thai bouts. Also, Vietnamese-Australian athlete Chris Nguyen faces Japan’s Yukinori Ogasawara in a Muay Thai contest. Making her striking debut is Vietnamese-American mixed martial arts star Bi “Killer Bee” Nguyen who takes on India’s Puja “The Cyclone” Tomar in a Vietnamese Super Series Muay Thai contest. Vietnamese martial arts athletes will, of course, be well-represented in ONE Championship’s inaugural event in the country. Set to see action are Nguyen Tran Duy Nhat and Nguyen Thanh Tung, who will take on Malaysia’s Azwan Che Wil and Pakistan’s Shahzaib “King” Rindh, respectively, in Vietnamese Super Series bouts. Last but not least is a pair of kickboxing bouts. World Fighting League Tournament Champion Santino Verbeek of the Netherlands goes head-to-head with WTKA Champion Juan Cervantes of the United Kingdom, while WMC World Champion Beybulat Isaev of Russia locks horns with Brazilian National Kickboxing Champion Anderson “Braddock” Silva. ONE: IMMORTAL TRIUMPH Friday, 6 September Phu Tho Indoor Stadium, Ho Chi Minh City, Vietnam Main Event ONE Bantamweight Muay Thai World Championship Nong-O Gaiyanghadao (C) vs Brice Delval Muay Thai: 65.8kg Saemapetch Fairtex vs Rafi Bohic Muay Thai: 65.8kg Nguyen Tran Duy Nhat vs Azwan Che Wil Muay Thai: 61.2kg Beybulat Isaev vs Anderson Silva Kickboxing: 102.1kg Kulabdam Sor. Jor. Piek Uthai vs Bobo Sacko Muay Thai: 65.8kg Chris Nguyen vs Yukinori Ogasawara Muay Thai: 61.2kg Bi Nguyen vs Puja Tomar Muay Thai: 52.2kg Panpayak Jitmuangnon vs Masahide Kudo Kickboxing: 61.2kg Mongkolpetch Petchyindee Academy vs Joseph Lasiri Muay Thai: 61.2kg Santino Verbeek vs Juan Cervantes Kickboxing: 83.9kg Singtongnoi Por Telakun vs Kohei Kodera Muay Thai: 61.2kg Amber Kitchen vs Viktoria Lipianska Muay Thai: 56.7kg Nguyen Thanh Tung vs Shahzaib Rindh Kickboxing: 70.3kg Michael Pham vs Mohamad Fakri Bin Yusoff Muay Thai: 70.3kg For more updates on ONE Championship, please visit www.onefc.com, follow us on Twitter and Instagram @ONEChampionship, and like us on Facebook at https://www.facebook.com/ONEChampionship.

About ONE Championship™ ONE Championship (ONE) is the largest global sports media property in Asian history, and the largest producer of millennial live sports content in Asia. Headquartered in Singapore, ONE is the Home of Martial Arts, and is the world's largest martial arts organization, hosting bouts across all styles of martial arts such as Muay Thai, Kickboxing, Karate, Kung Fu, Silat, Sanda, Lethwei, Mixed Martial Arts, Tae Kwon Do, Submission Grappling, and more. ONE hosts the biggest sports entertainment events across Asia, featuring some of the world's best martial artists and world champions on the largest global media broadcast in Asia. ONE Esports, a subsidiary of ONE Championship, runs Asia's largest global esports Championship Series with some of the biggest blockbuster game titles in the world. In addition to its digital platforms, ONE Championship broadcasts to over 2.6 billion potential viewers across 140+ countries with some of the largest global broadcasters, including Fox Sports, ABS-CBN, Astro, ClaroSports, Startimes, Thairath TV, Skynet, Mediacorp, Great Sports, Tencent, Star TV, Mediaset Italia, ProSiebenSat.1, Dubai Sports, Turner Sports, and more.

The Philippines Makes a Splash at the ATF 2019 in Vietnam

With an estimated US$ 475,000.00 business leads generated during the four-day event, the participation of the Philippines in the recently-concluded ASEAN Tourism Forum (ATF) in Hanoi, Vietman was a resounding success for the Tourism Promotions Board (TPB) with the Department of Tourism (DOT).

A 270 sqm. booth was secured by TPB to showcase the inviting array of local destinations, attractions, and special interest programs the Philippines has to offer. The Philippine Late Night FUNction, held on the third day of ATF, was very well attended, with fantastic prizes raffled off to lucky attendees. A sumptuous spread of favorite local dishes was served at dinner, with talented Pinoy performers providing the evening’s entertainment.

Spearheaded by Tourism Secretary and TPB Chairperson Bernadette Romulo-Puyat, the Philippine contingent to the ATF included DOT Undersecretary Benito Bengzon, Jr., TPB Chief Operating Officer Marie Venus Q. Tan and other officials, representatives from the Subic Bay Metropolitan Authority (SBMA), eight hotels/properties, 14 travel agencies/tour operators and an airline.

The TPB’s goal is for visiting tourists to enjoy an optimal travel experience, thus extending their stay and spending more while in the country. To achieve this, their active presence in international forums and events with high attendance of global influencers is deemed imperative.

“Our fruitful participation to the ASEAN Tourism Forum 2019 really got us fired up as we kick-off our various programs for the New Year,” says TPB Chief Operating Office Marie Venus Tan. “We’re totally excited about the many activities we’re rolling out as a revitalized and invigorated TPB, as we ramp up our efforts towards placing the Philippines’ back in the global tourism map through targeted, high-impact marketing, promotional activities, and an array of exciting events.”

Now on its 38th edition, the ATF is a cooperative regional effort, a must-attend tourism event that promotes the Association of the Southeast Asian Nations (ASEAN) region as one tourist destination, with all the tourist industry sectors of the 10 member nations of ASEAN participating.

With the theme ASEAN: The Power of One, ATF 2019 which drew over 2,000 delegates—including tourism ministers, leaders of national tourism agencies, international organizations and buyers—with the TRAVEX, a platform for the selling and buying of regional and individual tourism with over a hundred booths, serving as one of the major components.