NEW YORK, July 27 (Bernama-BUSINESS WIRE) -- Starr Insurance Companies today announced the appointment of Santiago Mora as head of international accident & health. He will be responsible for the profitable growth of the Accident & Health Division outside of the U.S. and Canada.
“We are excited for Santi to join Starr, as he brings more than 20 years of industry experience in sales, distribution, underwriting and pricing,” stated Jim Herbert, president of Starr Insurance & Reinsurance Limited. “His wealth of knowledge will benefit the growth of our Accident & Health Division and his leadership will strengthen the relationships Starr has and with its customers and partners.” Starr’s Accident & Health Division provides personal accident and travel insurance to companies, associations, schools, non-profit organizations and individuals to protect against accidents and emergencies at home, at work, or away. http://mrem.bernama.com/viewsm.php?idm=32364\ |
Tuesday, 31 July 2018
STARR INSURANCE COMPANIES APPOINTS SANTIAGO MORA AS HEAD OF INTERNATIONAL ACCIDENT & HEALTH
Global Dairy Platform adds China's Mengniu Diary CEO to board
KUALA LUMPUR, July 31 (Bernama) -- Global Dairy Platform Inc (GDP) has added Executive Director and Chief Executive Officer (CEO) of China Mengniu Dairy Co Ltd, Minfang (Jeffery) Lu to its board of directors.
GDP is a pre-competitive collaboration of dairy sector organizations, focused on encouraging the appropriate intake of nutrient-rich dairy foods and demonstrating the sector's role in sustainable agriculture, a statement said.
"The dairy sector has a critical role in providing solutions to global health and development challenges," said Lu.
He added: "I look forward to contributing towards the success of GDP's mission to align and support the dairy industry in promoting sustainable dairy nutrition."
Lu will serve on the board along with GDP Board Chair and CEO of Fonterra, Theo Spierings; CEO of Royal FrieslandCampina, Hein Schumacher; President and CEO of Dairy Farmers of America, Rick Smith and CEO of Arla Foods, Peder Tuborgh.
Lu was appointed as Executive Director and CEO of China Mengniu Dairy Co Ltd in 2016.
A member of GDP since 2013, the company was GDP's first member from China. Based in Inner Mongolia, it is one of the leading dairy product manufacturers in China.
More details on www.globaldairyplatform.com.
--BERNAMA
GDP is a pre-competitive collaboration of dairy sector organizations, focused on encouraging the appropriate intake of nutrient-rich dairy foods and demonstrating the sector's role in sustainable agriculture, a statement said.
"The dairy sector has a critical role in providing solutions to global health and development challenges," said Lu.
He added: "I look forward to contributing towards the success of GDP's mission to align and support the dairy industry in promoting sustainable dairy nutrition."
Lu will serve on the board along with GDP Board Chair and CEO of Fonterra, Theo Spierings; CEO of Royal FrieslandCampina, Hein Schumacher; President and CEO of Dairy Farmers of America, Rick Smith and CEO of Arla Foods, Peder Tuborgh.
Lu was appointed as Executive Director and CEO of China Mengniu Dairy Co Ltd in 2016.
A member of GDP since 2013, the company was GDP's first member from China. Based in Inner Mongolia, it is one of the leading dairy product manufacturers in China.
More details on www.globaldairyplatform.com.
--BERNAMA
Reinsurers in Hong Kong to have privilege of lower credit risk charge
KUALA LUMPUR, July 31 (Bernama) -- Qualified reinsurers in Hong Kong will receive preferential treatment from China Regulator based on a recent agreement between China Banking and Insurance Regulatory Commission and the Insurance Authority of Hong Kong.
The privilege will allow the mainland insurance companies that cede business to qualified Hong Kong reinsurers to be subject to a lower reinsurance credit risk charge, according to a new briefing from A.M.Best -- a global rating agency and information provider focus on the insurance industry.
The agreement is expected to boost Hong Kong´s standing as a risk management hub in Asia providing reinsurance capacity and expertise as it able to attract new capital to Hong Kong for those interested in tapping into the Chinese reinsurance market.
It also encourages Mainland China insurers to give priority to high-quality Hong Kong reinsurers over other offshore reinsurers in placing reinsurance, a statement said.
Previously, Hong Kong reinsurers were grouped with other offshore reinsurers and assigned baseline risk charge factors for credit risk exposure that were much higher than those applicable to onshore reinsurers.
A.M. Best expects the agreement to enhance Hong Kong reinsurers´ competitiveness in China and promote Hong Kong as a risk management platform for Chinese cedents, particularly in support of the country´s Belt and Road Initiative. More information at www.ambest.com.
--BERNAMA
The privilege will allow the mainland insurance companies that cede business to qualified Hong Kong reinsurers to be subject to a lower reinsurance credit risk charge, according to a new briefing from A.M.Best -- a global rating agency and information provider focus on the insurance industry.
The agreement is expected to boost Hong Kong´s standing as a risk management hub in Asia providing reinsurance capacity and expertise as it able to attract new capital to Hong Kong for those interested in tapping into the Chinese reinsurance market.
It also encourages Mainland China insurers to give priority to high-quality Hong Kong reinsurers over other offshore reinsurers in placing reinsurance, a statement said.
Previously, Hong Kong reinsurers were grouped with other offshore reinsurers and assigned baseline risk charge factors for credit risk exposure that were much higher than those applicable to onshore reinsurers.
A.M. Best expects the agreement to enhance Hong Kong reinsurers´ competitiveness in China and promote Hong Kong as a risk management platform for Chinese cedents, particularly in support of the country´s Belt and Road Initiative. More information at www.ambest.com.
--BERNAMA
Monday, 30 July 2018
Skills Johor-PSDC MoU for Industry 4.0
KUALA LUMPUR, July 30 (Bernama) --Skills Johor has signed a memorandum of understanding (MoU) with Penang Skills Development Centre (PSDC) to collaborate on completing the Industry 4.0 value chain and to support the industry needs in Johor.
The upshot in the strategic tie-up is that Skills Johor will be able to receive a boost with the appointment of PSDC's top industry professionals who will be sharing their industry knowledge with the dedicated team of Skills Johor.
Under the collaboration plan, committees will be appointed to represent both sides to discuss and draft new industry-driven technical programmes, including vocational and soft skills programmes and to explore ways to bridge the skills gap that exists in the current market.
The MoU was signed on July 28 by Skills Johor executive director, Datuk Omar Shariff Mydeen and PSDC chief executive officer, Muhamed Ali Hajah Mydin, and witnessed by Penang Chief Minister, Chow Kon Yew.
Datuk Omar Shariff said: "PSDC is the leading TVET expert in Industry 4.0. The collaboration will see Skills Johor play a larger role in providing training related to Industry 4.0, which is changing how people live, work, play and communicate.
"Therefore, it is vital to prepare the current and future workforce in Johor and Malaysia in general, to be ready for this change."
Skills Johor is the first technical and vocational skills training hub in Malaysia. Its objective is to improve the employability and entrepreneurship of Malaysians through quality TVET, relevant to current and emerging market and industry needs. It serves as a platform to provide and develop a suitably skilled workforce for the nation.
--BERNAMA
The upshot in the strategic tie-up is that Skills Johor will be able to receive a boost with the appointment of PSDC's top industry professionals who will be sharing their industry knowledge with the dedicated team of Skills Johor.
Under the collaboration plan, committees will be appointed to represent both sides to discuss and draft new industry-driven technical programmes, including vocational and soft skills programmes and to explore ways to bridge the skills gap that exists in the current market.
The MoU was signed on July 28 by Skills Johor executive director, Datuk Omar Shariff Mydeen and PSDC chief executive officer, Muhamed Ali Hajah Mydin, and witnessed by Penang Chief Minister, Chow Kon Yew.
Datuk Omar Shariff said: "PSDC is the leading TVET expert in Industry 4.0. The collaboration will see Skills Johor play a larger role in providing training related to Industry 4.0, which is changing how people live, work, play and communicate.
"Therefore, it is vital to prepare the current and future workforce in Johor and Malaysia in general, to be ready for this change."
Skills Johor is the first technical and vocational skills training hub in Malaysia. Its objective is to improve the employability and entrepreneurship of Malaysians through quality TVET, relevant to current and emerging market and industry needs. It serves as a platform to provide and develop a suitably skilled workforce for the nation.
--BERNAMA
China's Red Beach in Panjin has a national monument to attract more tourists
KUALA LUMPUR, July 30 (Bernama) -- A monument was unveiled recently to highlight 'China's northernmost coastline' at Red Beach National Scenic Corridor in Panjin, China -- the national 4A level scenic spot -- visited by more than two million tourists annually.
The Panjin Red Beach Wetland Resort Administrative Committee in a statement said the Red Beach is famous for 'China's most wonderful leisure corridor' and 'China's most romantic recreation coastline'.
As China has more than 32,000 kilometers of coastline, water in this area will freeze every winter which is commonly known as 'sealing-off the sea' and forming a magnificent ice row, a statement said.
The affiliated shoals of Red Beach are formed by a large amount of sediment deposited by the Liaohe River commonly known as 'great mud bank' and it is suitable for the growth of seepweed and reed.
There are more than 100 kinds of seepweeds over the world but the seepweed in the Red Beach is unique because it has two red opposite leaves, like the wings of a pair of birds.
October is always considered as the best viewing season for Panjin red beach and Panjin city has entered a new era of regional tourism because activities such as a beautiful countryside, characteristic ancient towns, hot springs and sightseeing are favored by tourists at home and abroad.
--BERNAMA
The Panjin Red Beach Wetland Resort Administrative Committee in a statement said the Red Beach is famous for 'China's most wonderful leisure corridor' and 'China's most romantic recreation coastline'.
As China has more than 32,000 kilometers of coastline, water in this area will freeze every winter which is commonly known as 'sealing-off the sea' and forming a magnificent ice row, a statement said.
The affiliated shoals of Red Beach are formed by a large amount of sediment deposited by the Liaohe River commonly known as 'great mud bank' and it is suitable for the growth of seepweed and reed.
There are more than 100 kinds of seepweeds over the world but the seepweed in the Red Beach is unique because it has two red opposite leaves, like the wings of a pair of birds.
October is always considered as the best viewing season for Panjin red beach and Panjin city has entered a new era of regional tourism because activities such as a beautiful countryside, characteristic ancient towns, hot springs and sightseeing are favored by tourists at home and abroad.
--BERNAMA
Saturday, 28 July 2018
PINDUODUO ANNOUNCES PRICING OF INITIAL PUBLIC OFFERING
SHANGHAI, July 27 (Bernama-GLOBE NEWSWIRE) -- Pinduoduo Inc. ("Pinduoduo" or the "Company") (NASDAQ:PDD), an innovative and fast growing “new e-commerce” platform and one of the leading Chinese e-commerce players, today announced the pricing of its initial public offering of 85,600,000 American Depositary Shares ("ADSs") (equivalent of 342,400,000 Class A ordinary shares) at a price of US$19 per ADS for a total offering size of US$1.63 billion, assuming the underwriters do not exercise their option to purchase additional ADSs. The ADSs, each representing four Class A ordinary shares of the Company, have been approved for listing on the NASDAQ Global Select Market and are expected to begin trading today under the symbol "PDD."
The underwriters have been granted a 30-day option to purchase up to an additional 12,840,000 ADSs from the Company (equivalent of 51,360,000 Class A ordinary shares), which would contribute to additional gross proceeds of US$244 million.
The number of ordinary shares outstanding immediately after this offering (assuming the full vesting and exercise of 581,972,860 options granted and outstanding as of this offering) is 5,013,118,240 ordinary shares on a fully diluted basis (or 5,064,478,240 ordinary shares if the underwriters exercise the over-allotment option in full).
Credit Suisse, Goldman Sachs, CICC and China Renaissance acted as joint bookrunners for the offering.
Pinduoduo’s registration statement relating to the offering has been filed with, and declared effective by, the United States Securities and Exchange Commission. This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
The offering of the securities is made only by means of a prospectus forming a part of the effective registration statement. A copy of the prospectus relating to the offering may be obtained by contacting Credit Suisse Securities (USA) LLC at Eleven Madison Avenue, New York, New York 10010, United States of America or Goldman Sachs (Asia) L.L.C. at 68th Floor, Cheung Kong Center, 2 Queens Road, Central, Hong Kong or China International Capital Corporation Hong Kong Securities Limited at 29th Floor, One International Finance Centre, 1 Harbour View Street, Central, Hong Kong or China Renaissance Securities (Hong Kong) Limited at Unit 8107-08, Level 81, International Commerce Centre, 1 Austin Road West, Kowloon, Hong Kong.
About Pinduoduo (NASDAQ:PDD):
Pinduoduo is an innovative and fast growing “new e-commerce” platform that provides buyers with value-for-money merchandise and fun and interactive shopping experiences. The Pinduoduo mobile platform offers a comprehensive selection of attractively priced merchandise, featuring a dynamic social shopping experience that leverages social networks as an effective and efficient tool for buyer acquisition and engagement.
http://mrem.bernama.com/viewsm.php?idm=32365
The underwriters have been granted a 30-day option to purchase up to an additional 12,840,000 ADSs from the Company (equivalent of 51,360,000 Class A ordinary shares), which would contribute to additional gross proceeds of US$244 million.
The number of ordinary shares outstanding immediately after this offering (assuming the full vesting and exercise of 581,972,860 options granted and outstanding as of this offering) is 5,013,118,240 ordinary shares on a fully diluted basis (or 5,064,478,240 ordinary shares if the underwriters exercise the over-allotment option in full).
Credit Suisse, Goldman Sachs, CICC and China Renaissance acted as joint bookrunners for the offering.
Pinduoduo’s registration statement relating to the offering has been filed with, and declared effective by, the United States Securities and Exchange Commission. This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
The offering of the securities is made only by means of a prospectus forming a part of the effective registration statement. A copy of the prospectus relating to the offering may be obtained by contacting Credit Suisse Securities (USA) LLC at Eleven Madison Avenue, New York, New York 10010, United States of America or Goldman Sachs (Asia) L.L.C. at 68th Floor, Cheung Kong Center, 2 Queens Road, Central, Hong Kong or China International Capital Corporation Hong Kong Securities Limited at 29th Floor, One International Finance Centre, 1 Harbour View Street, Central, Hong Kong or China Renaissance Securities (Hong Kong) Limited at Unit 8107-08, Level 81, International Commerce Centre, 1 Austin Road West, Kowloon, Hong Kong.
About Pinduoduo (NASDAQ:PDD):
Pinduoduo is an innovative and fast growing “new e-commerce” platform that provides buyers with value-for-money merchandise and fun and interactive shopping experiences. The Pinduoduo mobile platform offers a comprehensive selection of attractively priced merchandise, featuring a dynamic social shopping experience that leverages social networks as an effective and efficient tool for buyer acquisition and engagement.
http://mrem.bernama.com/viewsm.php?idm=32365
Friday, 27 July 2018
ANNOUNCEMENT OF BUSINESS EXPANSION OF CHUGAI PHARMABODY RESEARCH PTE. LTD., CHUGAI'S RESEARCH SUBSIDIARY
TOKYO, July 26 (Bernama-BUSINESS WIRE) -- Chugai Pharmaceutical Co., Ltd. (TOKYO:4519) announced today that it has decided to expand the business of Chugai Pharmabody Research Pte. Ltd. (hereinafter referred to as “CPR”), its research subsidiary in Singapore.
This decision has been made aiming to further improve drug discovery capabilities of the Chugai Group, in which the operation period of CPR is to be extended for another five years with an investment of 282 million Singapore dollars (SGD) from 2022 to 2026. CPR was established in 2012 to conduct research focused on the discovery of novel antibody drugs by utilizing innovative antibody engineering technologies owned by Chugai. The operation period of CPR was initially planned to be five years until 2016, and then extended for five additional years. An investment of 476 million SGD is planned to be made for 10 years from 2012 to 2021.
“Chugai Group’s drug discovery approach has successfully generated new breakthrough drugs including “ACTEMRA®” and “HEMLIBRA®” by utilizing our proprietary advantage including antibody engineering technologies,” said Executive Vice President in charge of Research and Translational Clinical Research, Dr. Hisafumi Okabe. “We seek to accelerate creation of drug candidates with the next-generation antibody technologies by combining expertise of our three research laboratories, CPR, Kamakura Research Laboratories, and Fuji Gotemba Research Laboratories, toward continuous creation of innovation in the future.”
At CPR, researchers with various nationalities and expertise are dedicated to creating innovative antibody drug candidates in a prompt and efficient manner with the use of proprietary antibody engineering technologies of the Chugai Group. They are also committed to developing new technologies for continuously creating antibody engineering projects. With a total investment of 244 million SGD since 2012, CPR has successfully contributed to the creation of SKY 59 and other antibody drug candidates as well as maximizing the value of Chugai’s antibody engineering technologies.
As a leading company in biopharmaceutical medicines in Japan, Chugai will further strengthen its drug discovery technology platform in order to create pharmaceutical products that address unmet medical needs for the benefit of the medical community and human health around the world.
http://mrem.bernama.com/viewsm.php?idm=32358
This decision has been made aiming to further improve drug discovery capabilities of the Chugai Group, in which the operation period of CPR is to be extended for another five years with an investment of 282 million Singapore dollars (SGD) from 2022 to 2026. CPR was established in 2012 to conduct research focused on the discovery of novel antibody drugs by utilizing innovative antibody engineering technologies owned by Chugai. The operation period of CPR was initially planned to be five years until 2016, and then extended for five additional years. An investment of 476 million SGD is planned to be made for 10 years from 2012 to 2021.
“Chugai Group’s drug discovery approach has successfully generated new breakthrough drugs including “ACTEMRA®” and “HEMLIBRA®” by utilizing our proprietary advantage including antibody engineering technologies,” said Executive Vice President in charge of Research and Translational Clinical Research, Dr. Hisafumi Okabe. “We seek to accelerate creation of drug candidates with the next-generation antibody technologies by combining expertise of our three research laboratories, CPR, Kamakura Research Laboratories, and Fuji Gotemba Research Laboratories, toward continuous creation of innovation in the future.”
At CPR, researchers with various nationalities and expertise are dedicated to creating innovative antibody drug candidates in a prompt and efficient manner with the use of proprietary antibody engineering technologies of the Chugai Group. They are also committed to developing new technologies for continuously creating antibody engineering projects. With a total investment of 244 million SGD since 2012, CPR has successfully contributed to the creation of SKY 59 and other antibody drug candidates as well as maximizing the value of Chugai’s antibody engineering technologies.
As a leading company in biopharmaceutical medicines in Japan, Chugai will further strengthen its drug discovery technology platform in order to create pharmaceutical products that address unmet medical needs for the benefit of the medical community and human health around the world.
http://mrem.bernama.com/viewsm.php?idm=32358
WeWork receives US$500 million investment for growth in China
KUALA LUMPUR, July 27 (Bernama) -- WeWork Companies (WeWork) received US$500 million or RM 2.04 billion Series B investment in WeWork China to accelerate company growth, serving more entrepreneurs, creators and enterprises across the region. (1US$ = RM 4.07).
The investment led by Trustbridge Partners, Temasek, the SoftBank Group, the SoftBank Vision Fund and Hony Capital will help the company to fuel its mission to support creators, small businesses and large companies companies across China, a statement said.
The company has built a team in China to support its members every day, serving as a bridge for local companies who want to reach the world as well as for global companies that want to enter the Chinese market.
WeWork is a trusted local partner to creators and businesses of all sizes, providing 20,000 members across nearly 40 locations in three cities.
It has also enabled more global businesses to have a presence in China and helped Chinese businesses within the country and around the world.
WeWork created WeWork China in July 2017. More information at https://www.wework.com.
--BERNAMA
The investment led by Trustbridge Partners, Temasek, the SoftBank Group, the SoftBank Vision Fund and Hony Capital will help the company to fuel its mission to support creators, small businesses and large companies companies across China, a statement said.
The company has built a team in China to support its members every day, serving as a bridge for local companies who want to reach the world as well as for global companies that want to enter the Chinese market.
WeWork is a trusted local partner to creators and businesses of all sizes, providing 20,000 members across nearly 40 locations in three cities.
It has also enabled more global businesses to have a presence in China and helped Chinese businesses within the country and around the world.
WeWork created WeWork China in July 2017. More information at https://www.wework.com.
--BERNAMA
Japan - Host Of 2020 Olympics - introduces program highlighting clean sports environment
KUALA LUMPUR, July 26 (Bernama) -- Japan´s Anti-Doping Agency (JADA) plans to develop and introduce various programs and activities to create a clean sports environment and establish the integrity of sports and society as Japan will host the Tokyo 2020 Olympic and Paralympic Games.
As part of the program JADA organised interviews with world-class athletes on the meaning of truth to them and sport under the ‘Play True 2020, Sport for Tomorrow (SFT)´ project recently.
The project had a wide range of athletes from different countries, sports and generations relay their truth messages found in sports and in themselves, a statement said.
The agency highlighted the truth messages from Japanese athletes Akito Watabe (Nordic Combined, Olympic medalist and 2017 World Cup champion) and Minato Oike (BMX Freestyle Park, UCI BMX Freestyle World Cup 2018 champion).
"The highest excellence is like water and changing the way that one is, smoothly and flexibly, according to any circumstance without resistance, " expressed Akito Watabe on his messages about truth in himself.
Minato Oike expressed her truth messages as broadening the possibilities that can be found beyond just having fun. She wanted to be admired by others not only for her freestyle riding but based on who she is.
The interview series aims to encourage many people to discover the intrinsic values of sports and to realise how the truths found by athletes are related to their values. So far 16 athletes with various backgrounds have relayed their messages as for now.
The interview is followed with a quiz challenge page about the project. More information at https://playtrue2020-sp4t.jp.
-- BERNAMA
Thursday, 26 July 2018
FORBES TRAVEL GUIDE ANNOUNCES NEW LEADERSHIP STRUCTURE TO SUPPORT EXPANSION PLANS TO 100 COUNTRIES IN 2019
Jerry Inzerillo appointed as Vice-Chairman to the Forbes Travel Guide Board of Directors and Filip Boyen joins company as Chief Executive Officer
ATLANTA, July 25 (Bernama-BUSINESS WIRE) -- Forbes Travel Guide, the global authority on luxury travel, announced today a plan to significantly scale the company from evaluating and verifying luxury hospitality in 60 countries to 100 countries by the end of 2019. As part of this growth strategy, the company has made several key appointments and executive promotions.
Gerard “Jerry” Inzerillo, who has served as CEO of Forbes Travel Guide since 2014, will be appointed Vice-Chairman of the Forbes Travel Guide Board of Directors and veteran luxury hospitality leader of 30 years, Filip Boyen, will be appointed CEO of Forbes Travel Guide. Filip was most recently the CEO of Small Luxury Hotels of the World, which he joined in 2015 following decades of stewardship with Orient Express Hotels and Resorts where his last role was Chief Operation Officer at Belmond and will remain in London.
“Jerry’s leadership and vision was a driving force in the company’s successful growth during these last four years,” said Jeff Arnold, Chairman of the Forbes Travel Guide Board of Directors. “We are delighted he will remain on the BOD and help guide our governance and strategic direction in this exciting new era of expansion. We wish him the very best in his new appointment from HRH, The Crown Prince of the Kingdom of Saudi Arabia Mohammed Bin Salman, as CEO of the Diriyah Gate Development Authority."
Arnold continued, “We are very excited to welcome Filip to the company as CEO with his valuable operational and revenue-growth expertise focusing on the development of new and expanded opportunities for our business. His extensive experience in luxury hospitality, commitment to guest service and proven track record as a global operator of luxury brands will help us to continue our growth while remaining true to our commitment of unbiased excellence at this dynamic time of globalization in the luxury market.”
“It is a great honor for me to join the originators of the Five-Star hospitality rating system and to have the chance to work with such an exceptional group of professionals as we expand our services to the industry and our guests globally,” said Boyen.
The company also announced that Tony Hounshell will join the company as Executive Vice President of Finance and will be responsible for the global operations of the company’s finance and accounting divisions. Tony brings almost twenty years of senior financial services experience with leading firms including most recently, Ernst & Young. Additionally, veteran Forbes Travel Guide executives Peter Kressaty, Tom Flournoy, Amanda Frasier, Mica Hill and Marilyn Karstaedt have been promoted to Executive Vice Presidents.
ABOUT FORBES TRAVEL GUIDE
Forbes Travel Guide is the only independent, global rating system for luxury hotels, restaurants and spas. Started as Mobil Travel Guide in 1958, the company created the first Five-Star rating system in the United States. Today, Forbes Travel Guide’s incognito inspectors travel the world, evaluating properties based on up to 900 rigorous, objective standards. The company’s annual Star Ratings, reviews and daily travel stories help discerning travelers select the world’s best luxury experiences. For more information about Forbes Travel Guide, visit www.forbestravelguide.com.
http://mrem.bernama.com/viewsm.php?idm=32343
ATLANTA, July 25 (Bernama-BUSINESS WIRE) -- Forbes Travel Guide, the global authority on luxury travel, announced today a plan to significantly scale the company from evaluating and verifying luxury hospitality in 60 countries to 100 countries by the end of 2019. As part of this growth strategy, the company has made several key appointments and executive promotions.
Gerard “Jerry” Inzerillo, who has served as CEO of Forbes Travel Guide since 2014, will be appointed Vice-Chairman of the Forbes Travel Guide Board of Directors and veteran luxury hospitality leader of 30 years, Filip Boyen, will be appointed CEO of Forbes Travel Guide. Filip was most recently the CEO of Small Luxury Hotels of the World, which he joined in 2015 following decades of stewardship with Orient Express Hotels and Resorts where his last role was Chief Operation Officer at Belmond and will remain in London.
“Jerry’s leadership and vision was a driving force in the company’s successful growth during these last four years,” said Jeff Arnold, Chairman of the Forbes Travel Guide Board of Directors. “We are delighted he will remain on the BOD and help guide our governance and strategic direction in this exciting new era of expansion. We wish him the very best in his new appointment from HRH, The Crown Prince of the Kingdom of Saudi Arabia Mohammed Bin Salman, as CEO of the Diriyah Gate Development Authority."
Arnold continued, “We are very excited to welcome Filip to the company as CEO with his valuable operational and revenue-growth expertise focusing on the development of new and expanded opportunities for our business. His extensive experience in luxury hospitality, commitment to guest service and proven track record as a global operator of luxury brands will help us to continue our growth while remaining true to our commitment of unbiased excellence at this dynamic time of globalization in the luxury market.”
“It is a great honor for me to join the originators of the Five-Star hospitality rating system and to have the chance to work with such an exceptional group of professionals as we expand our services to the industry and our guests globally,” said Boyen.
The company also announced that Tony Hounshell will join the company as Executive Vice President of Finance and will be responsible for the global operations of the company’s finance and accounting divisions. Tony brings almost twenty years of senior financial services experience with leading firms including most recently, Ernst & Young. Additionally, veteran Forbes Travel Guide executives Peter Kressaty, Tom Flournoy, Amanda Frasier, Mica Hill and Marilyn Karstaedt have been promoted to Executive Vice Presidents.
ABOUT FORBES TRAVEL GUIDE
Forbes Travel Guide is the only independent, global rating system for luxury hotels, restaurants and spas. Started as Mobil Travel Guide in 1958, the company created the first Five-Star rating system in the United States. Today, Forbes Travel Guide’s incognito inspectors travel the world, evaluating properties based on up to 900 rigorous, objective standards. The company’s annual Star Ratings, reviews and daily travel stories help discerning travelers select the world’s best luxury experiences. For more information about Forbes Travel Guide, visit www.forbestravelguide.com.
http://mrem.bernama.com/viewsm.php?idm=32343
Qtum platform now available on Amazon Web Services
KUALA LUMPUR, July 26 (Bernama) -- Qtum -- the first UTXO-based smart contract system -- announced its Dapp development platform is now available on Amazon Web Services (AWS), enable users to develop and deploy their own smart contracts.
Users are able to develop or deploy it from the ready-to-use Amazon Machine Image (AMI) featuring Qtum core and the Qmix Integrated Development Environment (IDE), a statement said.
The company focuses in offering easy-to-use yet robust solutions for users inside and outside the enterprise. The Qtum AMI image is completely free to use at no additional cost for AWS customers to deploy a Qtum instance.
A test network can be deployed directly on the instance, allowing developers to simulate a public blockchain whereby users are not required to purchase Qtum tokens.
The new Qtum AMI on AWS are also available for users who want to get started on the blockchain, run a Qtum node or simply launch a server with Qtum pre-installed, without the hassle of handling dependencies.
Blockchain industry leaders are looking to Qtum to solve complex issues of scalability and deliverability for their projects as Qtum's platform utilises solidity smart contracts through its integration of the Ethereum Virtual Machine. More information at www.qtum.org.
-- BERNAMA
Users are able to develop or deploy it from the ready-to-use Amazon Machine Image (AMI) featuring Qtum core and the Qmix Integrated Development Environment (IDE), a statement said.
The company focuses in offering easy-to-use yet robust solutions for users inside and outside the enterprise. The Qtum AMI image is completely free to use at no additional cost for AWS customers to deploy a Qtum instance.
A test network can be deployed directly on the instance, allowing developers to simulate a public blockchain whereby users are not required to purchase Qtum tokens.
The new Qtum AMI on AWS are also available for users who want to get started on the blockchain, run a Qtum node or simply launch a server with Qtum pre-installed, without the hassle of handling dependencies.
Blockchain industry leaders are looking to Qtum to solve complex issues of scalability and deliverability for their projects as Qtum's platform utilises solidity smart contracts through its integration of the Ethereum Virtual Machine. More information at www.qtum.org.
-- BERNAMA
KYRIBA ANNOUNCES 48% FIRST-HALF BOOKINGS GROWTH, NOW ON TRACK TO SURPASS $100 MILLION IN REVENUE IN 2018
NEW YORK, July 25 (Bernama-BUSINESS WIRE) -- Kyriba, the #1 cloud treasury and financial management platform, today announced that it grew year-over-year sales bookings by 48 percent during the first half of the year, benefiting from strong performances across all global markets. The results show continuous acceleration in growth over the past three years. The company added more than 100 new enterprise clients during the period, consolidating its leadership in the cloud-based treasury and risk management solution space, where it now serves 15 percent of U.S. Fortune 500 companies.
Kyriba CEO Jean-Luc Robert attributed the strong growth to increased demand from global CFOs and their corporate finance teams who require a secure, centralized platform to get real-time insight into global cash and liquidity positions; enhance fraud protection, compliance and risk management; optimize payments; and accelerate growth opportunities through working capital optimization and improved decision support.
“We have been delighted by the response of our customers. When it comes to digital transformation, many global organizations are looking to upgrade their core treasury and finance operations through Kyriba’s enterprise platform,” Robert said. “This ongoing shift is one of several tailwinds that have enabled us to post such a strong first half, with a run rate that will see us eclipse $100 million in total revenue by year-end. Continuing to manage the critical operations of the finance and treasury department through antiquated technologies such as spreadsheets or on-premise software is no longer viable in today’s complex, fast-paced global markets. We are committed to building-out our industry-leading platform, and to expanding the value we bring to our growing list of customers.”
Additional operational highlights during the first half include:
• Industry recognition – Earlier this year, Kyriba announced it had been recognized as a global category leader by technology analyst firm IDC in its latest MarketScape for SaaS and cloud-enabled treasury and risk management applications.
• BlackRock partnership – In March, Kyriba and BlackRock (NYSE: BLK), a global investment management corporation, announced a new strategic partnership that will leverage both firms’ technology platforms to streamline cash management processes for joint clients.
• Implementations – Kyriba’s partner-led implementation model is working to get clients up and running quickly and efficiently, with Kyriba and its partners completing more than 200 full and partial implementations in the first half of 2018.
About Kyriba Corp.
Kyriba empowers financial leaders and their teams with award-winning solutions for cash and risk management, payments and supply chain finance. Kyriba delivers a highly secure, 100 percent SaaS enterprise platform, superior bank connectivity and a seamlessly integrated solution set for tackling today’s most complex financial challenges. Thousands of companies, including many of the world’s largest organizations, rely on Kyriba to streamline key processes, protect against loss from fraud and cybercrime, and accelerate growth opportunities through improved decision support. Technology analyst firm IDC recognized Kyriba as a global leader in its MarketScape for SaaS and cloud-enabled treasury and risk management applications for 2017-2018. Kyriba is headquartered in New York, with offices in San Diego, Paris, London, Tokyo, Dubai and other major locations. For more information, visit www.kyriba.com.
http://mrem.bernama.com/viewsm.php?idm=32342
Kyriba CEO Jean-Luc Robert attributed the strong growth to increased demand from global CFOs and their corporate finance teams who require a secure, centralized platform to get real-time insight into global cash and liquidity positions; enhance fraud protection, compliance and risk management; optimize payments; and accelerate growth opportunities through working capital optimization and improved decision support.
“We have been delighted by the response of our customers. When it comes to digital transformation, many global organizations are looking to upgrade their core treasury and finance operations through Kyriba’s enterprise platform,” Robert said. “This ongoing shift is one of several tailwinds that have enabled us to post such a strong first half, with a run rate that will see us eclipse $100 million in total revenue by year-end. Continuing to manage the critical operations of the finance and treasury department through antiquated technologies such as spreadsheets or on-premise software is no longer viable in today’s complex, fast-paced global markets. We are committed to building-out our industry-leading platform, and to expanding the value we bring to our growing list of customers.”
Additional operational highlights during the first half include:
• Industry recognition – Earlier this year, Kyriba announced it had been recognized as a global category leader by technology analyst firm IDC in its latest MarketScape for SaaS and cloud-enabled treasury and risk management applications.
• BlackRock partnership – In March, Kyriba and BlackRock (NYSE: BLK), a global investment management corporation, announced a new strategic partnership that will leverage both firms’ technology platforms to streamline cash management processes for joint clients.
• Implementations – Kyriba’s partner-led implementation model is working to get clients up and running quickly and efficiently, with Kyriba and its partners completing more than 200 full and partial implementations in the first half of 2018.
About Kyriba Corp.
Kyriba empowers financial leaders and their teams with award-winning solutions for cash and risk management, payments and supply chain finance. Kyriba delivers a highly secure, 100 percent SaaS enterprise platform, superior bank connectivity and a seamlessly integrated solution set for tackling today’s most complex financial challenges. Thousands of companies, including many of the world’s largest organizations, rely on Kyriba to streamline key processes, protect against loss from fraud and cybercrime, and accelerate growth opportunities through improved decision support. Technology analyst firm IDC recognized Kyriba as a global leader in its MarketScape for SaaS and cloud-enabled treasury and risk management applications for 2017-2018. Kyriba is headquartered in New York, with offices in San Diego, Paris, London, Tokyo, Dubai and other major locations. For more information, visit www.kyriba.com.
http://mrem.bernama.com/viewsm.php?idm=32342
Wednesday, 25 July 2018
Saudi Crown Prince appoints First CEO of Diriyah Gate Development Authority
KUALA LUMPUR, July 25 (Bernama) -- The Crown Prince of Saudi Arabia, Mohammed Bin Salman has named Jerry Inzerillo as first chief executive officer (CEO) of Diriyah Gate Development Authority (DGDA).
The Crown Prince who is also chairman of DGDA appointed Inzerillo to restore Diriyah by developing a number of major new historical and tourism assets in a 7.1 million square meter development on the west side of Riyadh.
Inzerillo was the former CEO of Forbes Travel Guide -- a global standard for the verification of service excellence in hospitality which operates in more than 100 countries, a statement said.
The new historical and tourism assets includes museums, academic institutions and ‘edutainment´ facilities, resorts, restaurants, wellness facilities and high-end retail.
The initiative is the Crown Prince´s 2030 Vision to modernise the Saudi state, engage Saudi citizens and welcome guests from all over the world.
Diriyah -- a UNESCO registered site, holds a historical depth of more than 590 years -- is also the birthplace of the first, second and current Kingdom of Saudi Arabia as well as the root of the Saudi nation.
Much of the original site was built in adobe brick in the traditional architecture of the greater Najd region which will be authentically restored with new tourism attractions and facilities.
-- BERNAMA
The Crown Prince who is also chairman of DGDA appointed Inzerillo to restore Diriyah by developing a number of major new historical and tourism assets in a 7.1 million square meter development on the west side of Riyadh.
Inzerillo was the former CEO of Forbes Travel Guide -- a global standard for the verification of service excellence in hospitality which operates in more than 100 countries, a statement said.
The new historical and tourism assets includes museums, academic institutions and ‘edutainment´ facilities, resorts, restaurants, wellness facilities and high-end retail.
The initiative is the Crown Prince´s 2030 Vision to modernise the Saudi state, engage Saudi citizens and welcome guests from all over the world.
Diriyah -- a UNESCO registered site, holds a historical depth of more than 590 years -- is also the birthplace of the first, second and current Kingdom of Saudi Arabia as well as the root of the Saudi nation.
Much of the original site was built in adobe brick in the traditional architecture of the greater Najd region which will be authentically restored with new tourism attractions and facilities.
-- BERNAMA
Tuesday, 24 July 2018
Toshiba Memory Corporation launches new SSDS series
KUALA LUMPUR, July 24 (Bernama) -- Toshiba Memory Corporation -- the world leader in memory solutions -- has launched the industry's first SSDs utilizing 96-layer, 3D flash memory with limited quantities of sample shipments to OEM customers beginning today.
Combining Toshiba Memory Corporation's fourth generation BiCS FLASH memory technology and SLC cache, the new XG6 series delivers industry-leading sequential write performance of up to 2960 MB/s in client SSDs, a statement said.
The new series also delivers performance of up to 3180 MB/s sequential read and 365,000 random write IOPS. It also superior to the previous generation XG5 series in efficiency.
The power consumption of the new series is maximum 4.7W in active mode and 3mW during stand-by in the lowest power mode which makes it suitable for power-sensitive mobile PCs.
The new SSDs will be available in three capacities including 256GB, 512GB and 1024GB. It is highly suited to a wide range of applications including ultra-mobile PCs that prioritise performance and server-boot storage in datacenter and enterprise environments.
Toshiba Memory Corporation will gradually increase shipments of the new series from the fourth quarter of 2018 and it will be exhibited at the Flash Memory Summit 2018 from August 7 to 9 in Santa Clara, California, USA.
-- BERNAMA
Combining Toshiba Memory Corporation's fourth generation BiCS FLASH memory technology and SLC cache, the new XG6 series delivers industry-leading sequential write performance of up to 2960 MB/s in client SSDs, a statement said.
The new series also delivers performance of up to 3180 MB/s sequential read and 365,000 random write IOPS. It also superior to the previous generation XG5 series in efficiency.
The power consumption of the new series is maximum 4.7W in active mode and 3mW during stand-by in the lowest power mode which makes it suitable for power-sensitive mobile PCs.
The new SSDs will be available in three capacities including 256GB, 512GB and 1024GB. It is highly suited to a wide range of applications including ultra-mobile PCs that prioritise performance and server-boot storage in datacenter and enterprise environments.
Toshiba Memory Corporation will gradually increase shipments of the new series from the fourth quarter of 2018 and it will be exhibited at the Flash Memory Summit 2018 from August 7 to 9 in Santa Clara, California, USA.
-- BERNAMA
Monday, 23 July 2018
Friday, 20 July 2018
Cushman & Wakefield to acquire its Irish Affiliate from Sherry Fitzgerald Group
KUALA LUMPUR, July 17 (Bernama) -- Cushman & Wakefield has entered into an agreement to acquire the commercial property arm of Sherry FitzGerald Group in the Republic of Ireland.
Cushman & Wakefield is one of the world´s largest real estate services firms with 48,000 employees in approximately 400 offices in 70 countries.
The acquisition is expected to complete in early September 2018, a statement said.
Cushman & Wakefield already has a 20 per cent stake in the Irish commercial property business which operated as its exclusive affiliate in the Republic
rebranding two years ago as Cushman & Wakefield Ireland.
The firm has more than 100 commercial property professionals and offices in Dublin, Limerick and Galway, will now be fully integrated into Cushman & Wakefield.
Managing Director, Aidan Gavin becomes Cushman & Wakefield´s Head of Ireland and will also sit on the firm´s UK and Ireland Executive Committee.
Cushman & Wakefield will maintain its close affiliate relationship with the wider Sherry FitzGerald Group, which has a further 97 offices across the Republic.
As part of the transaction, the firm will also acquire, from Sherry FitzGerald Group, a minority share in its affiliate commercial property businesses in Cork and Belfast. The remaining equity, held by shareholding directors, is unaffected.
More details on www.cushmanwakefield.com
--BERNAMA
Cushman & Wakefield is one of the world´s largest real estate services firms with 48,000 employees in approximately 400 offices in 70 countries.
The acquisition is expected to complete in early September 2018, a statement said.
Cushman & Wakefield already has a 20 per cent stake in the Irish commercial property business which operated as its exclusive affiliate in the Republic
rebranding two years ago as Cushman & Wakefield Ireland.
The firm has more than 100 commercial property professionals and offices in Dublin, Limerick and Galway, will now be fully integrated into Cushman & Wakefield.
Managing Director, Aidan Gavin becomes Cushman & Wakefield´s Head of Ireland and will also sit on the firm´s UK and Ireland Executive Committee.
Cushman & Wakefield will maintain its close affiliate relationship with the wider Sherry FitzGerald Group, which has a further 97 offices across the Republic.
As part of the transaction, the firm will also acquire, from Sherry FitzGerald Group, a minority share in its affiliate commercial property businesses in Cork and Belfast. The remaining equity, held by shareholding directors, is unaffected.
More details on www.cushmanwakefield.com
--BERNAMA
MAKING BLOCKCHAIN SECURITY SIMPLE: DIGITAL WALLETS & CRYPTOCURRENCIES PROTECTED BY UTIMACO HSMs
• Encryption specialist ThothTrust implements Utimaco Hardware Security Module (HSM)
• Utimaco HSM stores master data encryption key for digital wallets
SINGAPORE, July 19 (Bernama-BUSINESS WIRE) -- Utimaco, a leading manufacturer of Hardware Security Module (HSM) technology, partners with ThothTrust in Singapore to protect digital wallets and their cryptocurrency assets with Utimaco HSMs and the CryptoScript Software Development Kit (SDK).
ThothTrust is a leading provider of innovative security techniques to prevent leaking of critical data. The Customizable Secure Cryptography (CSC) product offers different security levels and customization options to create a secure environment corresponding to the customer’s unique requirements. In the case of digital wallets, a Wallet Security Module (WSM) ensures cryptocurrency asset security based on a Utimaco HSM as its hardware root of trust.
The Utimaco HSM equipped with the WSM module generates secure digital wallets, which can store up to 255 pieces of 256-bit ECDSA key pairs for cryptocurrency and token transactions.
These keys securely sign cryptocurrency transactions including Bitcoin, Ethereum and many other flavors of Bitcoin, ERC20 compatible tokens as well as tokens that rely on 256-bit ECDSA cryptographic signatures. Signing happens without ever leaving the secure confines of the Utimaco HSM, preventing leakage of transaction keys.
Authentication to the WSM-backed wallets relies on public key challenge-response using ECDSA signatures via an ECC key pair created by the endpoint device and secured using the endpoint’s secure keystore. This keystore usually requires a password or biometric authentication from the user to access the device key pair for authorizing the user’s requested actions (i.e. creating digital signatures for cryptocurrency transactions or managing the wallet).
Users may also securely provision new devices for increased flexibility and accessing their digital wallets and cryptocurrency funds from multiple authorized endpoints. If a user loses all authorized devices, the WSM module features a wallet restoration functionality. This process requires the user to enter a 12-digit PIN code and supply the wallet ID to restore access to the wallet and its cryptocurrency transaction keys. At the same time, a limited number of possible PIN entry retries prevents brute-force attacks against the WSM-backed wallets and results in a lockout period when the number of PIN entries exceeds the threshold. The lockout period is backed by the HSM’s secure clock.
“In an era where digital security is highly complex and dynamic, Utimaco provides robust security standards and a highly adaptable platform that can implement complex and holistic security solutions. Its CryptoScript capability provides a secure environment for executing sensitive business logic to the standards of the FIPS-140 security certification,” says Gerald Tay, Director at ThothTrust.
Apart from securing cryptocurrency assets, the WSM is also capable of being modified for use in traditional mobile payment scenarios, e.g. in the context of tokenized payment applications by adapting the specific codes and scripts.
“ThothTrust and their customers can rely on Utimaco’s longstanding expertise and security standards in the field of hardware security,” says Malte Pollmann, CEO of Utimaco. “Optimized for encryption and crypto applications, the Utimaco HSM minimizes the risk of cryptocurrency assets being stolen from the digital wallets.”
Security is of major importance when it comes to digital wallets, as the financial losses in case of a security breach easily reach several million dollars. A recent breach with a loss of over $20 million is likely due to lost control of authentication keys, which the use of an HSM could have prevented.
About Utimaco
Utimaco is a leading manufacturer of HSMs that provide the Root of Trust, from financial services and payment to the automotive industry, cloud services and the public sector. We keep cryptographic keys and digital identities safe to protect critical digital infrastructures and high value data assets. Our products enable innovation and support the creation of new business by helping to secure critical business data and transactions.
Founded in 1983, Utimaco HSMs today are deployed across more than 80 countries in more than 1,000 installations. Utimaco employs a total of 200 people, with sales offices in Germany, the US, the UK and Singapore.
For more information, visit https://hsm.utimaco.com/
http://mrem.bernama.com/viewsm.php?idm=32312
• Utimaco HSM stores master data encryption key for digital wallets
SINGAPORE, July 19 (Bernama-BUSINESS WIRE) -- Utimaco, a leading manufacturer of Hardware Security Module (HSM) technology, partners with ThothTrust in Singapore to protect digital wallets and their cryptocurrency assets with Utimaco HSMs and the CryptoScript Software Development Kit (SDK).
ThothTrust is a leading provider of innovative security techniques to prevent leaking of critical data. The Customizable Secure Cryptography (CSC) product offers different security levels and customization options to create a secure environment corresponding to the customer’s unique requirements. In the case of digital wallets, a Wallet Security Module (WSM) ensures cryptocurrency asset security based on a Utimaco HSM as its hardware root of trust.
The Utimaco HSM equipped with the WSM module generates secure digital wallets, which can store up to 255 pieces of 256-bit ECDSA key pairs for cryptocurrency and token transactions.
These keys securely sign cryptocurrency transactions including Bitcoin, Ethereum and many other flavors of Bitcoin, ERC20 compatible tokens as well as tokens that rely on 256-bit ECDSA cryptographic signatures. Signing happens without ever leaving the secure confines of the Utimaco HSM, preventing leakage of transaction keys.
Authentication to the WSM-backed wallets relies on public key challenge-response using ECDSA signatures via an ECC key pair created by the endpoint device and secured using the endpoint’s secure keystore. This keystore usually requires a password or biometric authentication from the user to access the device key pair for authorizing the user’s requested actions (i.e. creating digital signatures for cryptocurrency transactions or managing the wallet).
Users may also securely provision new devices for increased flexibility and accessing their digital wallets and cryptocurrency funds from multiple authorized endpoints. If a user loses all authorized devices, the WSM module features a wallet restoration functionality. This process requires the user to enter a 12-digit PIN code and supply the wallet ID to restore access to the wallet and its cryptocurrency transaction keys. At the same time, a limited number of possible PIN entry retries prevents brute-force attacks against the WSM-backed wallets and results in a lockout period when the number of PIN entries exceeds the threshold. The lockout period is backed by the HSM’s secure clock.
“In an era where digital security is highly complex and dynamic, Utimaco provides robust security standards and a highly adaptable platform that can implement complex and holistic security solutions. Its CryptoScript capability provides a secure environment for executing sensitive business logic to the standards of the FIPS-140 security certification,” says Gerald Tay, Director at ThothTrust.
Apart from securing cryptocurrency assets, the WSM is also capable of being modified for use in traditional mobile payment scenarios, e.g. in the context of tokenized payment applications by adapting the specific codes and scripts.
“ThothTrust and their customers can rely on Utimaco’s longstanding expertise and security standards in the field of hardware security,” says Malte Pollmann, CEO of Utimaco. “Optimized for encryption and crypto applications, the Utimaco HSM minimizes the risk of cryptocurrency assets being stolen from the digital wallets.”
Security is of major importance when it comes to digital wallets, as the financial losses in case of a security breach easily reach several million dollars. A recent breach with a loss of over $20 million is likely due to lost control of authentication keys, which the use of an HSM could have prevented.
About Utimaco
Utimaco is a leading manufacturer of HSMs that provide the Root of Trust, from financial services and payment to the automotive industry, cloud services and the public sector. We keep cryptographic keys and digital identities safe to protect critical digital infrastructures and high value data assets. Our products enable innovation and support the creation of new business by helping to secure critical business data and transactions.
Founded in 1983, Utimaco HSMs today are deployed across more than 80 countries in more than 1,000 installations. Utimaco employs a total of 200 people, with sales offices in Germany, the US, the UK and Singapore.
For more information, visit https://hsm.utimaco.com/
http://mrem.bernama.com/viewsm.php?idm=32312
Thursday, 19 July 2018
Uganda Airlines orders four Canadian Bombardier aircraft
KUALA LUMPUR, July 19 (Bernama) -- Uganda National Airlines Company has signed a firm order for four new CRJ900 regional jets costing US$190 million or RM 771.4 million. (1US$ = RM 4.06), Canada's Bombardier Commercial Aircraft announced.
Uganda Airlines is confident the aircraft will help the company to succeed with its proven track record in Africa and other regions of the word. The company will operate the CRJ900 in dual-class configuration with 76 seats, including 12 first class seats, a statement said.
Chief executive officer of Uganda National Airlines, Ephraim Bagenda said the company look forward to provide the most modern passenger experience in regional aviation to the people of Uganda and across Africa.
Vice-president, Sales, Middle-East and Africa at Bombardier Commercial Aircraft, Jean-Paul Boutibou said the aircraft enabled airlines worldwide to serve communities with better connectivity and they are supporting the development of Uganda´s regional air travel with these aircraft.
There are currently 21 operators flying 58 CRJ Series in Africa. Bombardier, headquartered in Montreal, Canada has recorded firm orders for 1957 CRJ Series regional jets. More information at www.bombardier.com.
-- BERNAMA
Uganda Airlines is confident the aircraft will help the company to succeed with its proven track record in Africa and other regions of the word. The company will operate the CRJ900 in dual-class configuration with 76 seats, including 12 first class seats, a statement said.
Chief executive officer of Uganda National Airlines, Ephraim Bagenda said the company look forward to provide the most modern passenger experience in regional aviation to the people of Uganda and across Africa.
Vice-president, Sales, Middle-East and Africa at Bombardier Commercial Aircraft, Jean-Paul Boutibou said the aircraft enabled airlines worldwide to serve communities with better connectivity and they are supporting the development of Uganda´s regional air travel with these aircraft.
There are currently 21 operators flying 58 CRJ Series in Africa. Bombardier, headquartered in Montreal, Canada has recorded firm orders for 1957 CRJ Series regional jets. More information at www.bombardier.com.
-- BERNAMA
Wednesday, 18 July 2018
Tinubu Square, Gestion Credit Expert collaborate on debt collection service
KUALA LUMPUR, July 17 (Bernama) -- Tinubu Square has sealed a strategic partnership with Gestion Credit Expert to ensure customers of Recovery Square -- a subsidiary of Tinubu Square -- receive seamless continuity of its debt collection services.
Tinubu Square is a French trade credit, bonding and surety and receivables finance solutions provider while Gestion Credit Expert, also a French provider of credit management solutions.
As Long Arc Capital and Bpifrance have invested EUR 53 million (RM250.16 million) at the end of 2017, Tinubu Square is pursuing its international expansion and will concentrate on its core activity -- software publishing and services offering on risk analysis services. (EUR 1 = RM4.72)
In this context, the activities of its Recovery Square are taken over by Gestion Credit Expert, a statement said.
It is critical for Tinubu Square to ensure a seamless continuity of services to its long-term customers, both in France and internationally, as well as to offer, in particular to its credit insurance customers, the benefits and the high-quality services of this partnership.
"We are confident that our customers will benefit from seamless continuation of high-quality service provision from such an internationally-minded and experienced partner as Gestion Credit Expert which is expanding rapidly worldwide in this market, " said chief executive officer and founder of Tinubu Square, Jerome Peze.
"Through this partnership, we reinforce our position in the market and move further forward to contribute to two of the main challenges faced by our economy: increasing corporate cash flow and reducing corporate trade credit risk worldwide ", said chief executive officer of Gestion Credit Expert, Christophe Nobilet.
More details on www.tinubu.com and www.gestioncreditexpert.com
--BERNAMA
Tinubu Square is a French trade credit, bonding and surety and receivables finance solutions provider while Gestion Credit Expert, also a French provider of credit management solutions.
As Long Arc Capital and Bpifrance have invested EUR 53 million (RM250.16 million) at the end of 2017, Tinubu Square is pursuing its international expansion and will concentrate on its core activity -- software publishing and services offering on risk analysis services. (EUR 1 = RM4.72)
In this context, the activities of its Recovery Square are taken over by Gestion Credit Expert, a statement said.
It is critical for Tinubu Square to ensure a seamless continuity of services to its long-term customers, both in France and internationally, as well as to offer, in particular to its credit insurance customers, the benefits and the high-quality services of this partnership.
"We are confident that our customers will benefit from seamless continuation of high-quality service provision from such an internationally-minded and experienced partner as Gestion Credit Expert which is expanding rapidly worldwide in this market, " said chief executive officer and founder of Tinubu Square, Jerome Peze.
"Through this partnership, we reinforce our position in the market and move further forward to contribute to two of the main challenges faced by our economy: increasing corporate cash flow and reducing corporate trade credit risk worldwide ", said chief executive officer of Gestion Credit Expert, Christophe Nobilet.
More details on www.tinubu.com and www.gestioncreditexpert.com
--BERNAMA
New Bombardier atmosphere cabin debuts at Britain's Farnborough Air Show
KUALA LUMPUR, July 17 (Bernama) -- Bombardier Commercial Aircraft unveiled the interior of its first CRJ Series aircraft with the new atmosphere cabin design at the 2018 Farnborough International Air Show in United Kingdom.
The air show from July 16 to 22 has more than 1500 exhibitors from 52 countries.
The Canada-based Bombardier showcased the new cabin alongside launch operator Delta Air Lines and supplier Zodiac Aerospace during the air show. The CRJ900 aircraft is painted in Delta Air Lines livery and fitted with the atmosphere cabin, a statement said.
President of Bombardier Commercial Aircraft, Fred Cromer said the new cabin design represents the latest innovation to their successful regional jet program.
"This cabin design will add value to airlines, the feedback has already been very positive as demonstrated with the recent momentum we have gained in the market, " he added.
The features of the new interior are comprised of larger passenger living space, wheel-first roller bag capability, more spacious lavatory, increased cabin connectivity options -- all integrated in a contemporary design and material choices.
More details on https://discoveratmosphere.com/
--BERNAMA
The air show from July 16 to 22 has more than 1500 exhibitors from 52 countries.
The Canada-based Bombardier showcased the new cabin alongside launch operator Delta Air Lines and supplier Zodiac Aerospace during the air show. The CRJ900 aircraft is painted in Delta Air Lines livery and fitted with the atmosphere cabin, a statement said.
President of Bombardier Commercial Aircraft, Fred Cromer said the new cabin design represents the latest innovation to their successful regional jet program.
"This cabin design will add value to airlines, the feedback has already been very positive as demonstrated with the recent momentum we have gained in the market, " he added.
The features of the new interior are comprised of larger passenger living space, wheel-first roller bag capability, more spacious lavatory, increased cabin connectivity options -- all integrated in a contemporary design and material choices.
More details on https://discoveratmosphere.com/
--BERNAMA
Tuesday, 17 July 2018
Aryaka expands network to Canada
KUALA LUMPUR, July 17 (Bernama) -- Aryaka -- the leading global SD-WAN provider -- expanded its worldwide network with the addition of a new Point of Presence (POP) in Toronto, Canada to accelerate digital transformation strategies.
Senior vice-president of Engineering and Operations at Aryaka, Vikas Garg said through their track record of digital transformation initiatives and software-defined infrastructure deployments, they will add further value to global enterprises with presence in Canada.
The investment was spurred by a rapidly growing presence of global enterprises with sites in Canada as part of their digital transformation initiatives and looking for better application performance, multi-cloud connectivity and security from their network, a statement said.
It extends Aryaka´s SD-WAN as-a-Service into the region and offers it directly to Canadian enterprises. The expansion will further enable Aryaka success in meeting the connectivity, application performance and digital transformation needs of its global enterprise customers.
Aryaka also announced Craig Workman as its director of Business Development, Canada. Workman is a seasoned business development leader with more than 25 years of experience in global networking, security and software companies.
Most recently, Aryaka was named ‘Company of the Year´ as part of Light Reading´s 2018 Leading Lights Awards. More information at www.aryaka.com.
-- BERNAMA
Senior vice-president of Engineering and Operations at Aryaka, Vikas Garg said through their track record of digital transformation initiatives and software-defined infrastructure deployments, they will add further value to global enterprises with presence in Canada.
The investment was spurred by a rapidly growing presence of global enterprises with sites in Canada as part of their digital transformation initiatives and looking for better application performance, multi-cloud connectivity and security from their network, a statement said.
It extends Aryaka´s SD-WAN as-a-Service into the region and offers it directly to Canadian enterprises. The expansion will further enable Aryaka success in meeting the connectivity, application performance and digital transformation needs of its global enterprise customers.
Aryaka also announced Craig Workman as its director of Business Development, Canada. Workman is a seasoned business development leader with more than 25 years of experience in global networking, security and software companies.
Most recently, Aryaka was named ‘Company of the Year´ as part of Light Reading´s 2018 Leading Lights Awards. More information at www.aryaka.com.
-- BERNAMA
Monday, 16 July 2018
Paidy receives US$55 million funding
KUALA LUMPUR, July 12 (Bernama) -- Paidy Inc -- an instantly issued post-pay credit account linked to a mobile phone number company -- received Series C funding round of US$55 million or RM 225.5 million from ITOCHU Corp and Goldman Sachs. (1US$ = RM 4.10).
Founder and executive chairman of Paidy, Russell Cummer said they expect to launch new merchants in order to deliver Paidy's frictionless and intuitive financial solution to a much broader audience with addition of new payment functions and diverse financial services.
Paidy started Japan's first instant post-pay credit service for ecommerce consumers in October 2014 which requires no pre-registration or credit card for consumers to purchase products online using only a mobile phone number and email address, a statement said.
The service also supports multi-pay installments and subscriptions which currently there are over 1.4 million Paidy accounts in use by June 2018 and the company expects to grow its customer base to 11 million accounts by 2020.
Its proprietary models and machine learning makes transactions in seconds, with guaranteed payment to merchants and increases their revenues by reducing incomplete transactions, increasing conversion rates and facilitating easy repeat buying.
Paidy, offering real-time monthly consolidated credit service in Japan has the total amount of capital raised to US$80 million or RM 328 million combined with two previous rounds (Series A and B). More information at visit www.paidy.com.
-- BERNAMA
Founder and executive chairman of Paidy, Russell Cummer said they expect to launch new merchants in order to deliver Paidy's frictionless and intuitive financial solution to a much broader audience with addition of new payment functions and diverse financial services.
Paidy started Japan's first instant post-pay credit service for ecommerce consumers in October 2014 which requires no pre-registration or credit card for consumers to purchase products online using only a mobile phone number and email address, a statement said.
The service also supports multi-pay installments and subscriptions which currently there are over 1.4 million Paidy accounts in use by June 2018 and the company expects to grow its customer base to 11 million accounts by 2020.
Its proprietary models and machine learning makes transactions in seconds, with guaranteed payment to merchants and increases their revenues by reducing incomplete transactions, increasing conversion rates and facilitating easy repeat buying.
Paidy, offering real-time monthly consolidated credit service in Japan has the total amount of capital raised to US$80 million or RM 328 million combined with two previous rounds (Series A and B). More information at visit www.paidy.com.
-- BERNAMA
Friday, 13 July 2018
China's Dashang Group launches digital shopping app
KUALA LUMPUR, July 13 (Bernama) -- Dashang Group - the largest department store group in Northeast China - launched Tiangou Net, a digital shopping app that makes shopping easier.
President of Dashang Group, Liu Sijun said they will transform traditional business and accelerate entity business revolution through comprehensively building a digital and intelligent e-commerce platform and promoting the technological innovation of big data flow ecosystem.
The app features user with benefits including access to find a parking space in northern China cities, receive price reduction messages, get updated with favourite products and shopping guide information, a statement said.
Tiangou Net promotes in-depth integration of the traditional grocery industry and the Internet to help tens of thousands of department stores in China become future department stores recognised by the Ministry of Commerce , China (MOFCOM).
From 2014 to 2017, the app had achieved 30 billion yuan or RM 18.3 billion in transactions with more than 10 million users, making it as one of China's top e-commerce enterprises. (1 yuan = RM0.61)
Dashang Group has more than 400 department stores and shops in more than 80 large and medium-sized cities over 15 provinces. The company looks for the best-quality products around the world and bringing them into China's huge market.
-- BERNAMA
President of Dashang Group, Liu Sijun said they will transform traditional business and accelerate entity business revolution through comprehensively building a digital and intelligent e-commerce platform and promoting the technological innovation of big data flow ecosystem.
The app features user with benefits including access to find a parking space in northern China cities, receive price reduction messages, get updated with favourite products and shopping guide information, a statement said.
Tiangou Net promotes in-depth integration of the traditional grocery industry and the Internet to help tens of thousands of department stores in China become future department stores recognised by the Ministry of Commerce , China (MOFCOM).
From 2014 to 2017, the app had achieved 30 billion yuan or RM 18.3 billion in transactions with more than 10 million users, making it as one of China's top e-commerce enterprises. (1 yuan = RM0.61)
Dashang Group has more than 400 department stores and shops in more than 80 large and medium-sized cities over 15 provinces. The company looks for the best-quality products around the world and bringing them into China's huge market.
-- BERNAMA
IASLC INVITES LUNG CANCER PROFESSIONALS TO TAKE GLOBAL SURVEY ON MOLECULAR TESTING
Global Leader in Thoracic Malignancies Conducting Survey to Assess & Improve Molecular Testing Worldwide
DENVER, July 12 (Bernama-GLOBE NEWSWIRE) -- The International Association for the Study of Lung Cancer (IASLC) encourages all those involved in molecular testing of lung cancer patients to participate in a global survey designed to assess the implementation of best practices and ultimately develop worldwide guidelines for molecular testing. To take the IASLC Global Survey on Molecular Testing in Lung Cancer, please visit www.iaslc.org/survey.
“The pace of scientific advances in lung cancer is extremely rapid,” said Fred R. Hirsch, MD, PhD, and CEO of the IASLC. Dr. Hirsch also noted that, “Ensuring that patient care follows scientific advances necessitates an understanding of the implementation and barriers to adopting new treatments. The IASLC is uniquely poised to collect that data, harnessing and disseminating it to change patient outcomes.”
Numerous guidelines recommend testing for oncogenic molecular drivers such as EGFR, ROS1, ALK and BRAF in advanced non-small cell lung cancer (NSCLC) with an adenocarcinoma histology component. Therapies targeting these specific oncogenic molecular drivers can add years of quality life for these patients, but the knowledge of driver presence is required before therapy can be initiated.
Expert participation in this survey is critical to understanding the current status of molecular testing in lung cancer as well as any regional challenges and barriers to implementation, including why not all regions participate in molecular testing. The IASLC invites health care professionals and other interested parties to take this survey. The survey is available in English, Chinese, Japanese, Portuguese and Spanish.
Results of the IASLC Global Survey on Molecular Testing in Lung Cancer will 1) determine the current status of molecular testing, 2) reveal any regional challenges or barriers to implementation, and 3) inform future strategies to overcome barriers to molecular testing in lung cancer patients worldwide. A summary of the key findings will be shared with respondents and a full report will be submitted to the Journal of Thoracic Oncology, the official journal of the IASLC, for publication. Respondents will be entered into a drawing to win free registration to an upcoming IASLC World Conference on Lung Cancer.
Given the pace of advances in thoracic oncology, collecting and distributing up-to-date information is critical to improving outcomes worldwide. The IASLC is committed to serving as a global resource for all involved in lung cancer, the leading cause of cancer-related deaths worldwide.
AstraZeneca has provided a sponsorship grant toward this independent program.
About the IASLC
The International Association for the Study of Lung Cancer (IASLC) is the only global organization dedicated solely to the study of lung cancer and other thoracic malignancies. Founded in 1974, the association's membership includes more than 7,500 lung cancer specialists across all disciplines in over 100 countries, forming a global network working together to conquer lung and thoracic cancers worldwide. The association also publishes the Journal of Thoracic Oncology, the primary educational and informational publication for topics relevant to the prevention, detection, diagnosis and treatment of all thoracic malignancies. Visit www.iaslc.org for more information.
http://mrem.bernama.com/viewsm.php?idm=32270
DENVER, July 12 (Bernama-GLOBE NEWSWIRE) -- The International Association for the Study of Lung Cancer (IASLC) encourages all those involved in molecular testing of lung cancer patients to participate in a global survey designed to assess the implementation of best practices and ultimately develop worldwide guidelines for molecular testing. To take the IASLC Global Survey on Molecular Testing in Lung Cancer, please visit www.iaslc.org/survey.
“The pace of scientific advances in lung cancer is extremely rapid,” said Fred R. Hirsch, MD, PhD, and CEO of the IASLC. Dr. Hirsch also noted that, “Ensuring that patient care follows scientific advances necessitates an understanding of the implementation and barriers to adopting new treatments. The IASLC is uniquely poised to collect that data, harnessing and disseminating it to change patient outcomes.”
Numerous guidelines recommend testing for oncogenic molecular drivers such as EGFR, ROS1, ALK and BRAF in advanced non-small cell lung cancer (NSCLC) with an adenocarcinoma histology component. Therapies targeting these specific oncogenic molecular drivers can add years of quality life for these patients, but the knowledge of driver presence is required before therapy can be initiated.
Expert participation in this survey is critical to understanding the current status of molecular testing in lung cancer as well as any regional challenges and barriers to implementation, including why not all regions participate in molecular testing. The IASLC invites health care professionals and other interested parties to take this survey. The survey is available in English, Chinese, Japanese, Portuguese and Spanish.
Results of the IASLC Global Survey on Molecular Testing in Lung Cancer will 1) determine the current status of molecular testing, 2) reveal any regional challenges or barriers to implementation, and 3) inform future strategies to overcome barriers to molecular testing in lung cancer patients worldwide. A summary of the key findings will be shared with respondents and a full report will be submitted to the Journal of Thoracic Oncology, the official journal of the IASLC, for publication. Respondents will be entered into a drawing to win free registration to an upcoming IASLC World Conference on Lung Cancer.
Given the pace of advances in thoracic oncology, collecting and distributing up-to-date information is critical to improving outcomes worldwide. The IASLC is committed to serving as a global resource for all involved in lung cancer, the leading cause of cancer-related deaths worldwide.
AstraZeneca has provided a sponsorship grant toward this independent program.
About the IASLC
The International Association for the Study of Lung Cancer (IASLC) is the only global organization dedicated solely to the study of lung cancer and other thoracic malignancies. Founded in 1974, the association's membership includes more than 7,500 lung cancer specialists across all disciplines in over 100 countries, forming a global network working together to conquer lung and thoracic cancers worldwide. The association also publishes the Journal of Thoracic Oncology, the primary educational and informational publication for topics relevant to the prevention, detection, diagnosis and treatment of all thoracic malignancies. Visit www.iaslc.org for more information.
http://mrem.bernama.com/viewsm.php?idm=32270
Thursday, 12 July 2018
BACKBASE AND JUMIO FORM GLOBAL ALLIANCE FOR AI-POWERED IDENTITY VERIFICATION
Jumio’s online identity verification services enhance Backbase’s Open Banking Marketplace to compliantly vet new users, simplify account on-boarding and dramatically reduce online fraud
PALO ALTO, Calif., July 11 (Bernama-GLOBE NEWSWIRE) -- Jumio, the leading AI-powered trusted identity as a service provider, today announced a partnership with Backbase, the omni-channel digital banking platform leader. Together, they will deliver online identity verification services that help financial service organizations optimize conversions, deter fraud and meet KYC, AML and GDPR compliance mandates within an intuitive digital banking experience.
Backbase helps financial institutions achieve digital transformation by providing digital experiences that boost engagement and ensure lasting client relationships. Financial institutions that have adopted the Backbase digital banking platform can enrich their solution with highly differentiating Fintech capabilities through the Open Banking Marketplace.
Now, customers on the Backbase digital banking platform can easily add Jumio’s online identity verification capabilities to enhance the onboarding experience. By integrating these AI-powered identity services, financial institutions can deliver a fast, compliant, and simple identity verification process within Backbase’s digital banking platform. In fact, Jumio and Backbase already share several common banking customers including HSBC and Metro Bank.
http://mrem.bernama.com/viewsm.php?idm=32264
PALO ALTO, Calif., July 11 (Bernama-GLOBE NEWSWIRE) -- Jumio, the leading AI-powered trusted identity as a service provider, today announced a partnership with Backbase, the omni-channel digital banking platform leader. Together, they will deliver online identity verification services that help financial service organizations optimize conversions, deter fraud and meet KYC, AML and GDPR compliance mandates within an intuitive digital banking experience.
Backbase helps financial institutions achieve digital transformation by providing digital experiences that boost engagement and ensure lasting client relationships. Financial institutions that have adopted the Backbase digital banking platform can enrich their solution with highly differentiating Fintech capabilities through the Open Banking Marketplace.
Now, customers on the Backbase digital banking platform can easily add Jumio’s online identity verification capabilities to enhance the onboarding experience. By integrating these AI-powered identity services, financial institutions can deliver a fast, compliant, and simple identity verification process within Backbase’s digital banking platform. In fact, Jumio and Backbase already share several common banking customers including HSBC and Metro Bank.
http://mrem.bernama.com/viewsm.php?idm=32264
VistaJet records positive growth first half of 2018
KUALA LUMPUR, July 12 (Bernama) -- VistaJet Ltd - a global business aviation company -- gained substantial market share around the world during the first half of 2018 driven by the sustained demand for its flagship program subscription model.
"We started 2018 with an impressive acceleration. We continue to see sustainable growth across our business and retain the ability to adapt our offer to meet demand in every region around the globe," said VistaJet's founder and chairman, Thomas Flohr.
The company recorded increases of 32 per cent new members year-on-year, with Europe doubling the number of new contracts against the same period last year. Renewal hours also recorded a growth of 33 per cent, propelled by its service excellence, a statement said.
VistaJet has further invested on service innovation for its passengers with a new program offering, designed around VistaJet customers' passions, encompassed key partnerships with world leading art and sport partners such as Christie's and British Polo Day.
It also seen growth in flight revenue, flight hours and number of flights by 27 per cent whereby North America spearheaded this expansion, accounting for 25 per cent of total global hours flown.
The records demonstrate the global shift in flying preferences for individuals and corporations who are moving away from aircraft ownership to reduce flight costs and asset risks, without compromising on the convenience, benefits and comfort of business aviation.
VistaJet is well positioned to take even more market share by offering global coverage, consistent unparalleled quality and maximum efficiency. More information at https://www.vistajet.com
-- BERNAMA
"We started 2018 with an impressive acceleration. We continue to see sustainable growth across our business and retain the ability to adapt our offer to meet demand in every region around the globe," said VistaJet's founder and chairman, Thomas Flohr.
The company recorded increases of 32 per cent new members year-on-year, with Europe doubling the number of new contracts against the same period last year. Renewal hours also recorded a growth of 33 per cent, propelled by its service excellence, a statement said.
VistaJet has further invested on service innovation for its passengers with a new program offering, designed around VistaJet customers' passions, encompassed key partnerships with world leading art and sport partners such as Christie's and British Polo Day.
It also seen growth in flight revenue, flight hours and number of flights by 27 per cent whereby North America spearheaded this expansion, accounting for 25 per cent of total global hours flown.
The records demonstrate the global shift in flying preferences for individuals and corporations who are moving away from aircraft ownership to reduce flight costs and asset risks, without compromising on the convenience, benefits and comfort of business aviation.
VistaJet is well positioned to take even more market share by offering global coverage, consistent unparalleled quality and maximum efficiency. More information at https://www.vistajet.com
-- BERNAMA
Tuesday, 10 July 2018
Monday, 9 July 2018
New technology for high-rise building inspections unveiled
KUALA LUMPUR, July 9 (Bernama) -- A new cloud-based and artificial intelligence enabled services platform -- H3 Zoom.AI -- has been launched for high-rise building inspection activities for smart cities.
Launched by H3 Dynamics Holdings, the platform connects with camera drones for a safer, faster and more accurate alternative to dangerous and difficult to reach maintenance inspection.
Industry professionals can now find the building elevation maps they are familiar with, see a summary and of defects found by severity and by type (surface cracks, paint peels or corrosion marks and other defects) -- all can be visualized as an overlay onto the elevation maps.
The technology will improve worker safety, reduce downtimes and improve productivity, a statement said.
H3 Zoom´s AI engine can sort through thousands of HD images and billions of pixels to precisely identify, qualify and localize different types of defects, which are then represented through interactive inspection reports.
H3 Zoom is also launching Facade Inspector -- a visual inspection tool that leverages machine learning and drones to transform the way high-rise building facades are inspected and maintained.
The inspection tool is fully digitized and can scan a high-rise building within minutes instead of weeks, while avoiding gondolas and improving worker safety.
Facade Inspector will be unveiled at the 2018 World Cities Summit - Singapore Pavilion, from July 9 to 11. More details about the technology on https://www.h3zoom.ai/
--BERNAMA
Launched by H3 Dynamics Holdings, the platform connects with camera drones for a safer, faster and more accurate alternative to dangerous and difficult to reach maintenance inspection.
Industry professionals can now find the building elevation maps they are familiar with, see a summary and of defects found by severity and by type (surface cracks, paint peels or corrosion marks and other defects) -- all can be visualized as an overlay onto the elevation maps.
The technology will improve worker safety, reduce downtimes and improve productivity, a statement said.
H3 Zoom´s AI engine can sort through thousands of HD images and billions of pixels to precisely identify, qualify and localize different types of defects, which are then represented through interactive inspection reports.
H3 Zoom is also launching Facade Inspector -- a visual inspection tool that leverages machine learning and drones to transform the way high-rise building facades are inspected and maintained.
The inspection tool is fully digitized and can scan a high-rise building within minutes instead of weeks, while avoiding gondolas and improving worker safety.
Facade Inspector will be unveiled at the 2018 World Cities Summit - Singapore Pavilion, from July 9 to 11. More details about the technology on https://www.h3zoom.ai/
--BERNAMA
Friday, 6 July 2018
MUELLER WATER PRODUCTS TO SHOWCASE LARGEST LEAK DETECTION PROGRAMME AT SINGAPORE INTERNATIONAL WATER WEEK
ATLANTA, July 6 (Bernama-GLOBE NEWSWIRE) -- Mueller Water Products, Inc. (NYSE:MWA), announced that Echologics PTE. LTD., the Company’s Singapore subsidiary, will showcase the largest deployment of the EchoShore®-TX leak detection monitoring system, with PUB, Singapore’s National Water Agency at Singapore International Water Week, July 7-11.
Since commencement of the project in September 2017, 120 EchoShore-TX smart sensors have been installed across approximately 100 km of Singapore’s water pipeline network. The monitoring platform combines proven acoustic leak detection technology with wireless connectivity and visual end-user dashboards, to create a dynamic, cost-effective leak detection and pipeline monitoring solution.
“This project has demonstrated that PUB is at the forefront of technology and forward thinking in effectively safe-guarding the future of Singapore’s water supply in relation to Non-Revenue Water Loss,” stated Mark Nicol, Echologics Senior Director of Sales and Operations - International.
To learn more about this project visit PUB SMART Water Pavilion booth L1M14 or Mueller Water Products booth L1P10 at Singapore International Water Week.
About Mueller Water Products
Mueller Water Products, Inc. (NYSE:MWA) is a leading manufacturer and marketer of products and services used in the transmission, distribution and measurement of water. Our broad product and service portfolio includes engineered valves, fire hydrants, metering products and systems, leak detection and pipe condition assessment. We help municipalities increase operational efficiencies, improve customer service and prioritize capital spending, demonstrating why Mueller Water Products is Where Intelligence Meets Infrastructure®. Visit us at www.muellerwaterproducts.com.
Business Contact:
Mark Nicol
Senior Director of Sales and Operations - International
Echologics
Mnicol@echologics.com
Media Contact:
Yolanda Kokayi
Director of Communications
Mueller Water Products
ykokayi@muellerwp.com
SOURCE : Mueller Water Products Inc
Since commencement of the project in September 2017, 120 EchoShore-TX smart sensors have been installed across approximately 100 km of Singapore’s water pipeline network. The monitoring platform combines proven acoustic leak detection technology with wireless connectivity and visual end-user dashboards, to create a dynamic, cost-effective leak detection and pipeline monitoring solution.
“This project has demonstrated that PUB is at the forefront of technology and forward thinking in effectively safe-guarding the future of Singapore’s water supply in relation to Non-Revenue Water Loss,” stated Mark Nicol, Echologics Senior Director of Sales and Operations - International.
To learn more about this project visit PUB SMART Water Pavilion booth L1M14 or Mueller Water Products booth L1P10 at Singapore International Water Week.
About Mueller Water Products
Mueller Water Products, Inc. (NYSE:MWA) is a leading manufacturer and marketer of products and services used in the transmission, distribution and measurement of water. Our broad product and service portfolio includes engineered valves, fire hydrants, metering products and systems, leak detection and pipe condition assessment. We help municipalities increase operational efficiencies, improve customer service and prioritize capital spending, demonstrating why Mueller Water Products is Where Intelligence Meets Infrastructure®. Visit us at www.muellerwaterproducts.com.
Business Contact:
Mark Nicol
Senior Director of Sales and Operations - International
Echologics
Mnicol@echologics.com
Media Contact:
Yolanda Kokayi
Director of Communications
Mueller Water Products
ykokayi@muellerwp.com
SOURCE : Mueller Water Products Inc
Kofax named strong performer in robotic process automation
KUALA LUMPUR, July 6 (Bernama) -- Kofax was named as a Strong Performer in Robotic Process Automation (RPA) in 2018 Forrester Wave evaluation -- The Forrester Wave: Robotic Process Automation, Q2 2018.
Kofax is a software provider that automates and digitally transform information intensive processes. The evaluation focused on three areas: current offering, strategy and market presence, a statement said.
"The architecture is elegant. Customers can deploy and scale RoboServers using Docker containers, which is more cost-effective than more traditional RPA deployments using managed virtual machines. "
"Improvement in desktop RPA features, such as Citrix support — with surface automation based on neural technology is evident. "
It also stated that any enterprise with Kofax-adjacent content products (e.g., capture and BPM) or prefers execution-based rather than per-bot licensing should shortlist Kofax.
Chief Executive Officer of Kofax, Reynolds C. Bish said Kapow´s architecture enables organizations to easily and cost effectively scale from point solutions through broad, enterprise-wide RPA deployments.
More details on www.kofax.com
--BERNAMA
Kofax is a software provider that automates and digitally transform information intensive processes. The evaluation focused on three areas: current offering, strategy and market presence, a statement said.
"The architecture is elegant. Customers can deploy and scale RoboServers using Docker containers, which is more cost-effective than more traditional RPA deployments using managed virtual machines. "
"Improvement in desktop RPA features, such as Citrix support — with surface automation based on neural technology is evident. "
It also stated that any enterprise with Kofax-adjacent content products (e.g., capture and BPM) or prefers execution-based rather than per-bot licensing should shortlist Kofax.
Chief Executive Officer of Kofax, Reynolds C. Bish said Kapow´s architecture enables organizations to easily and cost effectively scale from point solutions through broad, enterprise-wide RPA deployments.
More details on www.kofax.com
--BERNAMA
Wednesday, 4 July 2018
LIMELIGHT NETWORKS' "STATE OF DIGITAL LIFESTYLES" REPORT SHOWS MORE THAN HALF OF SINGAPOREAN CONSUMERS COULD NOT GIVE UP MOBILE PHONES FOR ONE DAY
Consumers increasingly depend on technology and say it has positively impacted their lives
SINGAPORE, July 2 (Bernama-BUSINESS WIRE) -- Consumers in Singapore increasingly depend on internet-connected devices, with 83 percent reporting digital technology has made a positive impact on their lives. According to the new “State of Digital Lifestyles” report from Limelight Networks(Nasdaq: LLNW), a global leader in digital content delivery, mobile phones have become such an integral part of daily life that more than half of Singaporean consumers surveyed say they could not go a single day without them.
Respondents in ten countries were asked how they interact with digital media and the impact of technology in their lives. When asked how long they could part with their favorite digital devices, 48 percent of global consumers and 58 percent of consumers in Singapore reported they would not be able to stop using their mobile phones for even one day. Desktop computers and laptops were the second most integral technology, with 36 percent of Singaporean respondents reporting they could not go a day without theirs.
Consumers have yet to widely embrace digital assistants such as Amazon Echo and Google Home. In Singapore, only 14 percent currently own one of the devices, 5 per cent below the global average of 19 per cent. The main hurdle to adoption is that only 35 percent of Singaporean consumers fully trust digital assistants to provide general information such as weather, news and research. Less than one-third (28 percent) fully trust digital assistants for online shopping, and just 24 percent trust them for home automation.
http://mrem.bernama.com/viewsm.php?idm=32211
SINGAPORE, July 2 (Bernama-BUSINESS WIRE) -- Consumers in Singapore increasingly depend on internet-connected devices, with 83 percent reporting digital technology has made a positive impact on their lives. According to the new “State of Digital Lifestyles” report from Limelight Networks(Nasdaq: LLNW), a global leader in digital content delivery, mobile phones have become such an integral part of daily life that more than half of Singaporean consumers surveyed say they could not go a single day without them.
Respondents in ten countries were asked how they interact with digital media and the impact of technology in their lives. When asked how long they could part with their favorite digital devices, 48 percent of global consumers and 58 percent of consumers in Singapore reported they would not be able to stop using their mobile phones for even one day. Desktop computers and laptops were the second most integral technology, with 36 percent of Singaporean respondents reporting they could not go a day without theirs.
Consumers have yet to widely embrace digital assistants such as Amazon Echo and Google Home. In Singapore, only 14 percent currently own one of the devices, 5 per cent below the global average of 19 per cent. The main hurdle to adoption is that only 35 percent of Singaporean consumers fully trust digital assistants to provide general information such as weather, news and research. Less than one-third (28 percent) fully trust digital assistants for online shopping, and just 24 percent trust them for home automation.
http://mrem.bernama.com/viewsm.php?idm=32211
Tuesday, 3 July 2018
THE FIRST TRUE MOBILE-ONLY CRYPTOCURRENCY MINING SOLUTION
The experts said mobile mining wasn’t possible, so Phoneum set out to prove them wrong
British Virgin Islands, July 2 (Bernama-GLOBE NEWSWIRE) -- Introducing Phoneum, the world's first true mobile only mining platform.
Phoneum has created a new, accessible mining model that leverages an untapped market, making cryptocurrency available to anyone with a smartphone. At last count, there are over 2.1 billion smart devices, in effect mini-computers, currently in circulation. Leveraging smartphones allows for the unprecedented reach of cryptocurrency mining to those who have no specialized technical knowledge or equipment and/or to those who reside in underserved areas or regions with limited/higher electricity costs.
Phoneum will deliver a simplified user experience and platform enabling all users – regardless of technical aptitude – to fully participate in the new cryptocurrency economy, earning or purchasing tokens or redeeming to make a purchase. Phoneum is a decentralized cryptocurrency (PHM) and product that is revolutionary with its customized blockchain and algorithm for consensus, optimized for mobile devices. The revolutionary Phoneum application and product focuses on ease-of-use and speed of transaction to be able to deliver on Phoneum’s mission to drive mainstream adoption of cryptocurrencies and mining them.
Highlights include:
· Fast and secure mobile-only P2P network of transactions for Phoneum users (no intermediary chain) with a built-in QR scanner
· Free app (Android and Apple) with built-in Phoneum miner and crypto wallet that is automatically created for the user
· Users have the option to earn PHM versus buy – a lower cost of entry
· Free peer-to-peer transactions for users and fractional merchant transaction fees to spur business adoption, thereby supporting consumer adoption
· Access to a point-of-sale network of merchants that accepts PHM transactions
On June 27, 2018, Phoneum launched their fundraising event. The event runs through July 27, 2018. PHM will be launched initially as an ERC20 token with a maximum supply of 20,000,000,000. The fundraise allocation will be 2,462,500,000 PHM tokens. The soft cap is $1,000,000.00 and the hard cap is $20,000,000.00. The tokens are priced at $.01 per PHM and there are four stages with discounts varying per stage.
To participate, create an account at https://www.phoneum.io/
A KYC (Know Your Customer) is required. Due to regulatory concerns, the following countries are currently unable to participate: Canada, US, UK, Australia, China, Japan, Hong Kong, Taiwan, Singapore.
The tokens will be released once the fundraising event has been completed.
Phoneum is also running an Airdrop with 5,000,000 PHM tokens available. To learn more: https://crowdsale.phoneum.io/user
http://mrem.bernama.com/viewsm.php?idm=32213
British Virgin Islands, July 2 (Bernama-GLOBE NEWSWIRE) -- Introducing Phoneum, the world's first true mobile only mining platform.
Phoneum has created a new, accessible mining model that leverages an untapped market, making cryptocurrency available to anyone with a smartphone. At last count, there are over 2.1 billion smart devices, in effect mini-computers, currently in circulation. Leveraging smartphones allows for the unprecedented reach of cryptocurrency mining to those who have no specialized technical knowledge or equipment and/or to those who reside in underserved areas or regions with limited/higher electricity costs.
Phoneum will deliver a simplified user experience and platform enabling all users – regardless of technical aptitude – to fully participate in the new cryptocurrency economy, earning or purchasing tokens or redeeming to make a purchase. Phoneum is a decentralized cryptocurrency (PHM) and product that is revolutionary with its customized blockchain and algorithm for consensus, optimized for mobile devices. The revolutionary Phoneum application and product focuses on ease-of-use and speed of transaction to be able to deliver on Phoneum’s mission to drive mainstream adoption of cryptocurrencies and mining them.
Highlights include:
· Fast and secure mobile-only P2P network of transactions for Phoneum users (no intermediary chain) with a built-in QR scanner
· Free app (Android and Apple) with built-in Phoneum miner and crypto wallet that is automatically created for the user
· Users have the option to earn PHM versus buy – a lower cost of entry
· Free peer-to-peer transactions for users and fractional merchant transaction fees to spur business adoption, thereby supporting consumer adoption
· Access to a point-of-sale network of merchants that accepts PHM transactions
On June 27, 2018, Phoneum launched their fundraising event. The event runs through July 27, 2018. PHM will be launched initially as an ERC20 token with a maximum supply of 20,000,000,000. The fundraise allocation will be 2,462,500,000 PHM tokens. The soft cap is $1,000,000.00 and the hard cap is $20,000,000.00. The tokens are priced at $.01 per PHM and there are four stages with discounts varying per stage.
To participate, create an account at https://www.phoneum.io/
A KYC (Know Your Customer) is required. Due to regulatory concerns, the following countries are currently unable to participate: Canada, US, UK, Australia, China, Japan, Hong Kong, Taiwan, Singapore.
The tokens will be released once the fundraising event has been completed.
Phoneum is also running an Airdrop with 5,000,000 PHM tokens available. To learn more: https://crowdsale.phoneum.io/user
http://mrem.bernama.com/viewsm.php?idm=32213
Seven Chartered Accountants in Singapore receive fellowships
KUALA LUMPUR, July 3 (Bernama) -- President of Chartered Accountants Australia and New Zealand (CA ANZ), Jane Stanton has awarded fellowships -- the highest recognition in the accounting profession -- to seven chartered accountants in Singapore.
"Chartered accountants' designation is internationally recognised for its commitment to building sustainable prosperity for clients and communities while maintaining the highest ethical standards," said Stanton.
She also awarded thirty-six chartered accountants across Singapore, Malaysia, Hong Kong and the United Kingdom for their achievements during a multi-country tour to meet with partner organisations to foster and strengthen relationships.
The Singaporean fellowship recipients includes Philip Forrest, Gareth Vaughan Hughes, Chris Cheah, Anand Sachdev, David Green, Sanjay Patel and Brahma Sharma.
The recipients was awarded for outstanding career achievements and contributions to the profession through business and community endeavors while maintaining the highest standards of integrity and judgement.
CA ANZ is a professional body comprised of over 117,000 diverse, talented and financially astute members who utilise their skills every day to make a difference for businesses the world over. More information at www.charteredaccountantsanz.com.
-- BERNAMA
"Chartered accountants' designation is internationally recognised for its commitment to building sustainable prosperity for clients and communities while maintaining the highest ethical standards," said Stanton.
She also awarded thirty-six chartered accountants across Singapore, Malaysia, Hong Kong and the United Kingdom for their achievements during a multi-country tour to meet with partner organisations to foster and strengthen relationships.
The Singaporean fellowship recipients includes Philip Forrest, Gareth Vaughan Hughes, Chris Cheah, Anand Sachdev, David Green, Sanjay Patel and Brahma Sharma.
The recipients was awarded for outstanding career achievements and contributions to the profession through business and community endeavors while maintaining the highest standards of integrity and judgement.
CA ANZ is a professional body comprised of over 117,000 diverse, talented and financially astute members who utilise their skills every day to make a difference for businesses the world over. More information at www.charteredaccountantsanz.com.
-- BERNAMA
Monday, 2 July 2018
Largest China used car platform announces IPO pricing
KUALA LUMPUR, June 28 (Bernama) -- Uxin Ltd, the largest used car e-commerce platform in China, has announced the pricing of its initial public offering (IPO) of 25 million American depositary shares (ADSs), each representing three ordinary shares, at a price to the public of US$9 (RM36.34) per ADS. (1US$ = RM4.04).
Concurrent with the private placement of US$175 million (RM706.73 million) of convertible bonds, the total amount raised is US$400 million (RM1.62 billion), assuming the underwriters do not exercise their option to purchase additional ADSs.
Uxin has granted the underwriters a 30-day option to purchase up to an additional 3.75 million ADSs to cover over-allotments, a statement said.
The ADSs are expected to begin trading on the NASDAQ Stock Market on June 27 under the ticker symbol 'UXIN.' The offering is expected to close on July 2, subject to customary closing conditions.
Morgan Stanley & Co. International plc, Goldman Sachs (Asia) L.L.C., J.P. Morgan Securities LLC, China International Capital Corporation Hong Kong Securities Ltd, and China Renaissance Securities (Hong Kong) Ltd are acting as joint book-running managers of the offering and as the representatives of the underwriters.
-- BERNAMA
Concurrent with the private placement of US$175 million (RM706.73 million) of convertible bonds, the total amount raised is US$400 million (RM1.62 billion), assuming the underwriters do not exercise their option to purchase additional ADSs.
Uxin has granted the underwriters a 30-day option to purchase up to an additional 3.75 million ADSs to cover over-allotments, a statement said.
The ADSs are expected to begin trading on the NASDAQ Stock Market on June 27 under the ticker symbol 'UXIN.' The offering is expected to close on July 2, subject to customary closing conditions.
Morgan Stanley & Co. International plc, Goldman Sachs (Asia) L.L.C., J.P. Morgan Securities LLC, China International Capital Corporation Hong Kong Securities Ltd, and China Renaissance Securities (Hong Kong) Ltd are acting as joint book-running managers of the offering and as the representatives of the underwriters.
-- BERNAMA
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