Latest news with #PCCA
Barnama
27-05-2025
- Automotive
- Barnama
Amer Harris Eyes Overall Title In Porsche Carrera Cup Asia
KUALA LUMPUR, May 27 (Bernama) -- Young Malaysia racer Amer Harris Jefry is on a mission to clinch the overall title when he makes his debut in the Porsche Carrera Cup Asia (PCCA) at the Sepang International Circuit (SIC) here on June 6-8. The 22-year-old, who is sponsored by CIMB Group Holdings Berhad, is confident of achieving his target since the race is being held in Sepang, his home turf. "I have spent thousands of hours training in Sepang. So, I'm confident I can at Sepang. Whatever it is, my mission is to clinch the overall title, but it won't be easy because there will be stiff competition from other drivers who have been in the game a long time.
New Straits Times
27-05-2025
- Automotive
- New Straits Times
Tax incentives needed to drive motorsports development, says Yeoh
KUALA LUMPUR: Youth and Sports Minister Hannah Yeoh is hoping the government will roll out more attractive tax incentives to attract corporate sponsorship for sports such as motorsports in the future. Yeoh said the government has allocated RM5.6 million in funding to motorsports this year but admitted that the amount is "hardly enough" to boost development in the sport. Motorsports talent development, especially at the higher levels, is substantially more expensive when compared to sports such as football and badminton due to equipment and infrastructure requirements as well as the technical expertise needed to run events or teams. "Yes, the Ministry is (more) focussed on the Olympics, however, we do now have 103 sports gazetted (under the Sports Development Act)," said Yeoh today (May 27). "As such, we do have a budget for motorsports but in terms of the big picture, it is never enough. "This year we gave out a budget totalling RM5.6 million for motorsports. RM1.9 million went to the Motorsports Association of Malaysia (MAM), RM3.2 million to clubs and associations at the state level and RM450,000 to State Youth and Sports Departments. "We have also opened up a trust where individual athletes can apply for small grants which can help them cover some costs when they go for competitions. "Yes, there is a huge audience and interest in motorsports in Malaysia but just like any other sport, talent takes a long time to develop. "Like I said, RM5.6 million is hardly enough for a sport like this. This is why we encourage the corporate sector to come in. "Moving forward, my hope is that we can roll out more tax incentives for the corporate sector who are interested in investing (sponsoring) sports. "At the moment we only rely on a few key industry players to support certain sports. My hope is that more banks can be like CIMB and come forward and adopt a sport." The government has traditionally invested more in sports that are part of multi-sport games such as the Olympics, Asian and Commonwealth Games in the past and more recently, in esports. A total of RM20 million was allocated to strengthening the esports ecosystem under the national budget for this year. Yeoh was speaking after attending a partnership signing ceremony between CIMB Group Holdings Berhad and race car driver Amer Harris Jefry in Kuala Lumpur today. Amer, who is competing in the Porsche Carrera Cup Asia (PCCA) series this season, joins CIMB's roster of top Malaysian talent which includes track cyclist Azizulhasni Awang, squash player S. Sivasangari and golfer Ervin Chang. CIMB disclosed that their research identified motorsports as the third most popular sport in Malaysia after football and badminton based on media audience and fan turnouts at major events. Amer, who has a two-year deal with CIMB, is hoping to make an immediate impact in his first season in PCCA. "Definitely I want to win the overall title but it won't be easy with a lot of tough competitors in the field. Top-three should be within reach," said Amer. "I am looking forward to the next round where I will have home ground advantage. I have spent thousands of hours there so I should be able to win at Sepang." The next round of the series will be held at Sepang Circuit on June 6-8.
Associated Press
08-04-2025
- Automotive
- Associated Press
From Markets to Motorsports: WeTrade Joins Forces with Phantom Global Racing
WeTrade partners with Phantom Global Racing (PGR) and supports rising star Josh Rowledge in the 2025 Porsche Carrera Cup Asia (PCCA) season. SHANGHAI, CN / ACCESS Newswire / April 8, 2025 / The 2025 Porsche Carrera Cup Asia (PCCA) roared to life at the Shanghai International Circuit, marking the start of the season's first race weekend. As the engines fired up, WeTrade officially entered the motorsport arena, making its debut as a proud partner of Phantom Global Racing. This collaboration includes supporting Josh Rowledge, a rising star in British motorsport, as he competes on the international stage. Credits: Phantom Global Racing Gallery WeTrade's Decade of Excellence With 10 years of experience and a track record of global recognition, including awards such as Most Trusted Broker and Best Loyalty Program Broker, WeTrade thrives in high-stakes environments with accuracy and efficiency. Much like Phantom Global Racing, which thrives on speed and accuracy in motorsports, WeTrade's commitment mirrors the values that drive success on the racetrack. Credits: Phantom Global Racing Gallery Phantom Global Racing Phantom Global Racing is a prominent contender in top-tier motorsport events such as the Porsche Carrera Cup Asia and GT World Challenge Asia. Antoine Brunel, Communications and Commercial Director at Phantom Global Racing highlighted the synergy between the two brands: 'WeTrade shares our passion for innovation and long-term vision. Together, we're set to make waves both on the track and beyond.' Credits: Phantom Global Racing Gallery Shared Philosophies WeTrade's dedication to innovation and performance aligns seamlessly with the values at the heart of motorsport. George Miltiadou, Director at WeTrade, shared his vision for the partnership: 'Both trading and motorsports demand quick decisions and flawless execution, values we share with Phantom Global Racing. This partnership is about pushing boundaries and achieving greatness in both arenas.' Credits: Phantom Global Racing Gallery Championing Emerging Talent: Josh Rowledge As part of this partnership, WeTrade is proud to support Josh Rowledge, a promising British driver who is making waves in the racing world. At just 20 years old, Josh has already achieved remarkable milestones, including a standout season in the British GT4 Championship and victory in the McLaren Artura Trophy at Spa. Now, he's ready to take on Asia's premier racing series. 'In motorsport, trust in your team is everything. The same goes for trading,' said Josh. 'With Phantom Global Racing and WeTrade behind me, I'm confident we'll have an incredible season.' Credits: Phantom Global Racing Gallery WeTrade's Bold Presence on the Track The 2025 PCCA season kicked off with Rounds 1 and 2 at the Shanghai International Circuit from 21 to 23 March, marking the start of an adrenaline-fueled journey across Asia, with upcoming races in Japan, Malaysia, Thailand, Indonesia and Singapore. As the cars hit the track, WeTrade's blazing orange takes centre stage on Phantom Global Racing's car livery, symbolising speed, adrenaline and the brand's dynamic spirit. This bold visual statement not only highlights WeTrade's commitment to innovation but also mirrors the high-energy excitement of both trading and motorsports. Credits: Phantom Global Racing Gallery Exclusive Opportunities for WeTrade Clients Beyond the track, WeTrade offers exclusive opportunities for clients to engage with the brand, including demo and live trading competitions. Their demo competition, which wraps up at the end of March, features a total prize pool of $43,000, giving participants a chance to showcase their skills in a risk-free environment. Starting in May and running through July, WeTrade will elevate the excitement with a live trading competition boasting a prize pool exceeding $200,000. Participants will compete based on their profit rates with weekly prizes of $2,000 up for grabs. Keep an eye out for more opportunities coming soon! Join WeTrade on this Exciting Journey Be part of WeTrade as they take their passion for precision and performance from the trading floor to the fast lane. Stay tuned for more updates on this exciting journey. Find out more about the partnership with Phantom Global Racing here - Credits: Phantom Global Racing Gallery About WeTrade WeTrade is a globally recognised financial broker, founded in 2015, offering innovative online trading services across a diverse range of CFD instruments. Known for its commitment to excellence, WeTrade provides ultra-low spreads, flexible leverage options, and strong capital security, earning it prestigious awards such as Most Trusted Broker and Best Loyalty Program Broker. Its exclusive programmes include WeTrade Honours, a premium membership with high-value benefits; WeTrade Rewards, a pioneering loyalty programme; and WeTrade Wallet, a reward-generating storage fund. At WeTrade, trading is designed to be both successful and rewarding. Media Contact Organization: WeTrade City: Kingstown
Associated Press
27-03-2025
- Automotive
- Associated Press
WeTrade Fuels Phantom Global Racing's Pursuit of Glory at Porsche Carrera Cup Asia 2025 with Josh Rowledge
WeTrade joins the 2025 Porsche Carrera Cup Asia as the official partner of Phantom Global Racing, showcasing its bold entry into motorsport with Josh Rowledge. SAINT VINCENT AND THE GRENADINES, March 27, 2025 / / -- WeTrade, a leading global trading platform, is making its motorsport debut as the official partner of Phantom Global Racing in the highly anticipated 2025 Porsche Carrera Cup Asia (PCCA) season. This groundbreaking collaboration brings together high-speed racing and elite trading, featuring rising British talent Josh Rowledge behind the wheel of the No. 8 WeTrade-liveried Porsche 911 GT3. A Bold Step into the World of Motorsport Since its founding in 2015, WeTrade has been at the forefront of financial trading with its award-winning trading solutions. Building on this foundation, the company is expanding into the fast-paced world of motorsport, where strategy, precision, and split-second decision-making are just as critical as in financial markets. 'Both trading and motorsports demand quick decisions, precise execution, and a passion for success. These are values we proudly share with Phantom Global Racing,' said George Miltiadou, one of the directors at WeTrade, as he shared his views and aims for this collaboration. 'Together, we aim to captivate audiences in both the trading and motorsport arenas'. Raising the Bar with Phantom Global Racing Officially sealed on January 15, 2025, this collaboration marks a major milestone for WeTrade as it extends its reach beyond financial markets and into elite motorsport. Known for its relentless drive and competitive spirit, Phantom Global Racing has made a name for itself across PCCA, GT World Challenge Asia, and endurance racing, consistently challenging the best on the track. In 2024, the team took on the legendary 24 Hours of Spa by demonstrating its endurance racing prowess with the Porsche 911 GT3 R (992). At the Repco Bathurst 12 Hour, they set the fastest lap and led multiple times, further cementing their status as top contenders on the global stage. Their ability to thrive in high-pressure environments mirrors WeTrade's relentless drive for excellence in the financial world. Josh Rowledge: A Rising Star on the Global Stage As part of this dynamic collaboration, WeTrade is proud to support Josh Rowledge, a 20-year-old British racing talent making waves in the motorsport world. Rowledge has already established himself as a force to be reckoned with by securing titles such as British GT3 driver, BRDC Rising Star, and McLaren Artura Trophy winner. His transition to the Porsche 911 GT3 Cup marks an exciting new chapter as he competes in one of Asia's most prestigious motorsport championships. 'In racing, you need trust in your car and your team. In trading, you need trust in your platform and strategy,' expressed Rowledge. His impressive career trajectory, strategic approach to racing, and strategic mindset align perfectly with WeTrade's core philosophy, positioning him as the perfect ambassador of this collaboration. Chasing Victory Across Asia's Elite Racing Circuits The 2025 Porsche Carrera Cup Asia season will feature 14 exhilarating races across six major regions: China, Japan, Thailand, Malaysia, Indonesia, and Singapore. As one of Asia's most competitive one-make racing series, PCCA showcases elite driving talent competing in identical Porsche 911 GT3 Cup cars by emphasizing skill, strategy, and execution, values that resonate deeply with WeTrade's approach to financial markets. WeTrade's bold orange branding will be prominently displayed on Phantom Global Racing's #8 Porsche 911 GT3 Cup, embodying speed, adrenaline, and innovation, the qualities that define success both on the track and in the world of trading. Stay Connected and Follow the Action As the Porsche Carrera Cup Asia 2025 season gains momentum, racing enthusiasts and industry professionals are invited to follow Team WeTrade by PGR as they take on Asia's most iconic racing circuits. Experience the adrenaline of the competition and witness Josh Rowledge push the limits, where every second counts and every decision defines the race. Follow the action with Porsche Carrera Cup Asia for latest race updates, WeTrade Global for trading and motorsport insights, and Phantom Global Racing for exclusive behind-the-scenes action. Expect thrilling moments, fierce competition, and a relentless pursuit of excellence. WeTrade WeTrade Legal Disclaimer:
Yahoo
13-02-2025
- Politics
- Yahoo
Kansans aim to rescue Food For Peace
Feb. 12—By moving Food for Peace to USDA, the program can continue to equip American producers to serve hungry people while providing more transparency and efficiency as to how taxpayer dollars are stewarded. Rep. Tracey Mann The farming community believes in raising the crop and providing things for the world and for other people to be able to prosper themselves. We've been the breadbasket of the world for years, and that hasn't changed. PCCA CEO Kim Barnes WASHINGTON, D.C — The shuttering and impending dismantlement of the U.S. Agency for International Development is not only causing a stir among the world's recipients of U.S. assistance, but it has also become an issue here at home, in the heart of the nation's breadbasket. Citing fraud and corruption within the agency created by President John F. Kennedy in 1961, President Donald Trump's Jan. 20 executive order shut down USAID, placing an unprecedented 90-day freeze on foreign assistance in his first day of office. The freeze attempted to place some 2,200 USAID employees on administrative leave or evacuating them from their host countries, but that move has been barred by Judge Carl Nichols, appointed by Trump in his first term, by a limited temporary restraining order that is due to expire at midnight on Feb. 14. While USAID has run Food for Peace, USDA has run two other international food assistance programs, including the McGovern-Dole Food for Education program named in part after former U.S. Sen. Bob Dole. Food for Peace uses taxpayer dollars to buy American agricultural surplus to use as foreign food aid. The program is intended to fight world hunger, expand international trade and advance foreign diplomacy. Rescuing Food For Peace On Tuesday, a group of U.S. Representatives led by Kansas First District Rep. Tracey Mann, R-Salina, alongside U.S. Senators Jerry Moran, R-KS and John Hoeven, R-ND, introduced legislation to move the administration of the Food for Peace program, as a part of USAID, from that agency to the U.S. Department of Agriculture. The bill does not appear to include Feed the Future, another USAID program that has awarded tens of millions of dollars to Kansas State University for agricultural research. "For 70 years, Kansas and American farmers have played an active role in sending their commodities to feed malnourished and starving populations around the world," Rep. Mann released from his Washington office on Tuesday. "This free gift from the American people is more than food. It's diplomacy and feeds the most vulnerable communities while helping them recognize the freedom, prosperity, and good America can establish across the globe. By moving Food for Peace to USDA, the program can continue to equip American producers to serve hungry people while providing more transparency and efficiency as to how taxpayer dollars are stewarded. I will continue to work with the Trump Administration to uproot wasteful spending while ensuring America can continue to be the beacon of hope and freedom we are to the rest of the world." Co-sponsors of the bill include Reps. Rick Crawford, R-Ark., Dan Newhouse, R-Washington, David Rouzer, R-NC. and House Agriculture Committee Chairman G.T. Thompson, R-PA. "Food for Peace is a critical program for American farmers and has a proven track-record of successfully feeding people all over the world," said Rep. Crawford. "I am encouraged by the Trump Administration taking a fresh look at how we provide foreign assistance, including Food for Peace. I believe a move from USAID to USDA would make program administration more efficient and more in-line with America's priorities. USDA already runs two international food assistance programs that deal with in-kind food donations, Food for Progress and the McGovern-Dole Food for Education program. This makes USDA a natural home for Food for Peace." "Kansas has a long history of providing food to the hungry beginning with a Kansas farmer suggesting the U.S. provide surplus grain to countries in need, to President Eisenhower establishing the resulting humanitarian aid program, to Senator Bob Dole's expanding Food for Peace, to the farmers who grow the crops that feed the world," noted Sen. Moran. "As part of an ongoing effort to save money and increase efficiency, Food for Peace should be moved to the U.S. Department of Agriculture. By moving this program closer to the producers who grow these crops, we can help reduce waste and make certain our farmers have access to this valuable market. Food stability is essential to political stability, and our food aid programs help feed the hungry, bolster our national security and provide important markets for our farmers." Rep. Mann said that for the past 70 years, America's farmers, millers, shippers, and dockworkers have served at the helm of combatting international hunger as Food for Peace has fed more than 4 billion people in more than 150 countries, noting more than 50 organizations support his legislation. "Kansas farmers take great pride in Food for Peace and the impact the program and American commodities have had on feeding the world," said Chris Tanner, Kansas Association of Wheat Growers President. "Moving Food for Peace to USDA would continue to provide the needed relief for people in need. Thank you to Senator Moran and Congressman Mann for leading the way on this issue." "Kansas-grown sorghum is a critical crop for food security in America and abroad," said Adam York, CEO of Kansas Sorghum Producers Association. "Throughout changes in administrations, sorghum farmers have worked to have a seat at the table in international food programs housed across many agencies to ensure America's farmers can contribute to our national security. We recommend policy makers continue prioritizing American agriculture as a solution to challenges in domestic and foreign policy." "U.S. soybeans play an important role in addressing global hunger," said Caleb Ragland, president of the American Soybean Association and a soybean farmer from Kentucky. "Soybeans are the only plant-based protein that provides all nine amino acids essential for human health, and our farmers have been proud to support international food assistance programs. ASA strongly supports efforts to protect these programs and to ensure U.S. grown commodities continue to feed vulnerable populations around the globe. We thank Representative Mann and Senator Moran for their leadership on this important issue." "National Sorghum Producers supports this legislation that would move U.S. food aid programs under the U.S. Department of Agriculture — a move that makes sense and would ensure the long-term viability and success of these programs by continuing to provide a critical market for American sorghum farmers and the ability to move grain from our fields to the hands of those in need around the world," said Amy France, National Sorghum Producers Chairwoman. "Our nation's millers take great pride in feeding those facing famine emergencies around the world," said Kim Z Cooper, Vice President of Government Affairs for the North American Millers' Association. "Our flagship emergency food aid program Food for Peace not only helps those abroad, but is a critical component of Buy American and America First policies. We applaud Representatives Mann (R-KS), Thompson (R-PA), Crawford (R-AR), Newhouse (R-WA), Rouzer (R-NC), and Senators Moran and Hoeven for introducing legislation that would allow Food for Peace to operate under USDA, and reinstate this critical, life-saving program." Rep Mann has continuously championed Kansas' leadership in the U.S. fight against world hunger. In June 2023, Rep. Mann introduced legislation to reform Food for Peace and ensure that U.S. grown commodities remained the cornerstone of international food aid. Much of that legislation was seen in the House Agriculture Committee's Farm, Food, and National Security Act. In November 2022, Rep. Mann hosted 'Thank the American Farmer' in Salina, Kansas to pay tribute to the rich history of Kansas agriculture's role in feeding the world. Preserving a Kansas legacy Rescuing the Food for Peace program and placing it within USDA's administration is an important step in keeping an export market for grain sorghum. While the U.S. is the world leader at 14% of global sorghum production, Kansas produces 57% of the sorghum grown in this country. Grain sorghum, or milo as it is known by most Kansas producers, is primarily used for livestock feed and ethanol production, but is becoming popular in the consumer food industry and other emerging markets. Overseas, sorghum is well known as an ancient, sustainable, gluten-free grain with a mild, earthy flavor similar to wheat berries. Chefs around the world know it as a flexible ingredient that is used in a variety of preparations. Shutting down Food for Peace would adversely affect Kansas producers, who turn to milo as a common follow planting in their annual crop rotation. Because it requires less water to produce, it has been championed by growers, especially in drought-stricken central and western Kansas. But because Kansans grow it, they are also harvesting and storing it. Kansas currently has more than 150 million bushels of sorghum held at mills, elevators, warehouses, terminals and processors according to USDA grain stock data. The total nationwide, incidentally, is 210 million bushels. Dismantling a potential sorghum market outlet along with USAID would be a bad move, noted Pawnee County Co-op Association CEO Kim Barnes. Barnes, who has spent 51 of his 70 years at PCCA purchasing and selling grain, is continuously on the lookout for grain contracts. Sometimes, that means selling to Food for Peace, when the organization makes the call. Sometimes, they sell to brokers. Other times, directly to an export house, and they then make the contract with the government. From there, the grain is loaded on a ship and sent overseas. Barnes explained that taxpayer dollars pay the American agriculture industry for the food that is used in foreign aid. The way the USAID program has worked in the past, he noted, is the government, through the U.S. Department of Agriculture, sends out a call for contract. If the government doesn't buy sorghum to use as food aid, grain elevators and others in the industry could find themselves stuck with last year's harvest filling up space — and potentially costing them storage interest — heading into this year's growing season. "I've gotten these contract proposals for many years," Barnes said. "They tell you what they're looking to buy and the destination and how much they're looking to buy." "Right now, there's no other export market for it, and there's no domestic market," Barnes said. "We were hoping there'd be another one with as much milo as we have. "The market is just not there to sell it. We've been buying milo from our producers all along. We have a tremendous company-owned position at this point, just nobody on the other side to sell it to. And it's just not country elevators, it's terminals, it's everybody, because there's just no other market in the world today for milo. "It won't go bad — we know how to maintain grain — but storage space is going to get tight," Barnes said. PCCA's elevator has storage capacity of 6 million bushels, Barnes said. About 2.5 to 3 million of that is currently full, and the majority of that is sorghum. Compared to this time in past years, grain storage is typically around 2 to 2.5 million, with sorghum accounting for a smaller share. "This is just a milo issue," he said. "Because corn, soybeans and wheat are finding homes elsewhere. If we can't get a chance to move this milo, the basis on milo is just going to deteriorate farther as we get into the future months," Barnes said. "Because if there's no place to go with it, we can't buy something that we can't get fair value on the other side." "Putting Food for Peace under the USDA is probably the best place to go for it. That is certainly better than just having it go away," Barnes said. 'The breadbasket of the world' Barnes, from the co-op in Pawnee County, echoed the thoughts shared in Congress. "My concern is these will be potential markets that we'll lose, and people will go hungry," Barnes said. "They'll look for other sources, and will those other sources not be what we need for safety? We also need to take care of those in need." Barnes said that foreign food aid opens the door for long-term benefit in exports. "In other words," he said, "taking that development of that country, getting it on its feet — helping people to be better economists in their countries —carries the idea that 'we help you today, get you back on your fee and you could be a purchaser down the road.' "The farming community," he added, "believes in raising the crop and providing things for the world and for other people to be able to prosper themselves. We've been the breadbasket of the world for years, and that hasn't changed."
