KUALA LUMPUR, March 30 -- AM Best has affirmed the Financial Strength Rating of B+ (good) and the Long-Term Issuer Credit Rating of ‘bbb-’ of New Zealand Medical Professionals Limited (NZMPL) New Zealand.
In a statement, AM Best said the outlook of these ratings was stable.
The ratings reflect NZMPL’s balance sheet strength, which AM Best categorised as adequate, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.
NZMPL’s balance sheet strength is underpinned by its risk-adjusted capitalisation, as measured by Best’s Capital Adequacy Ratio, which remains at the strongest level.
In addition, the balance sheet is supported by the reinsurance programme placed with a highly rated counterparty, which is designed to protect NZMPL from exposure to elevated claims.
AM Best considers the company to have limited financial flexibility, with a dependence on shareholders for financial support, if needed.
Prospective risk-adjusted capitalisation is also dependent on NZMPL’s ability to retain earnings, which is driven by its underwriting performance and investment income, as well as level of dividend distribution.
NZMPL is a small and niche insurer in New Zealand that focuses on providing medical indemnity insurance to medical practitioners and health professionals. The company’s claims consist largely of legal fees, as most medical injury costs are covered by the Accident Compensation Corporation in New Zealand.
-- BERNAMA
Tuesday 31 March 2020
BIGSPRING ANNOUNCES SUDHA BALA AS VICE PRESIDENT, CUSTOMER SUCCESS AND LUKE MCNEAL AS VICE PRESIDENT, SALES
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Sudha Bala, Vice President, Customer Success at BigSpring (Photo: Business Wire)
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SINGAPORE, March 30 (Bernama-BUSINESS WIRE) -- BigSpring, the provider of a mobile learning and productivity platform enabling lifelong skilling with measurable ROI, today announced the appointments of Sudha Bala as Vice President, Customer Success and Luke McNeal as Vice President, Sales, bolstering its leadership team. As Vice President, Customer Success, Bala will be responsible for global customer advocacy, ensuring the customer is at the heart of BigSpring’s growth strategy. As Vice President, Sales, McNeal will continue to grow BigSpring’s strong presence in Asia and propel its global expansion, strengthening existing partnerships and adding to its customer base, that now includes Uber, United Technologies, Oyo, Tata Steel, and others.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200329005026/en/
BigSpring provides employers with measurable value, empowering learners of any stripe with skills training that for the first time also provides real-time, on-the-job performance and productivity measurement, ensuring business goals are met. Learners engage with online communities comprised of peers and coaches to apply learning on-the-job and receive meaningful feedback.
“BigSpring has had an exceptional response from clients around the world since our initial launch in 2017. We are now positioned to scale the business globally and I couldn't be more excited to bring in world-class leaders, in both Sudha and Luke, to drive this growth,” said Bhakti Vithalani, Founder and CEO, BigSpring. “Despite the challenges the COVID-19 crisis presents to the world, our current and prospective clients remain fully engaged in ramping up their digital roadmaps and we are only gaining momentum. BigSpring brings a unique and proven approach to skilling with measurable business impact that is relevant now more than ever.”
Luke joins BigSpring from Facebook where he led the Workplace enterprise connectivity platform across Asia Pacific. Prior to Facebook, Luke was the Head of Emerging Markets at Amazon Web Services (AWS), supporting customers across Southeast Asia to transform their businesses through cloud technologies. He launched Amazon’s initial teams in several countries.
“Luke brings extensive experience building global sales teams and operations that cater to large and mid-market clients,” Vithalani said. “He's launched emerging products from inception and grown them into thriving global enterprises. Luke’s track record at best-in-class companies such as Facebook and Amazon will help BigSpring establish a sales platform that grows and scales globally.”
“I am deeply committed to leveraging technology to ensure that education supports people to build the skills necessary to be gainfully employed and productive,” McNeal said. “BigSpring’s world-class technology and deep expertise in delivering continuous skilling with measurable impact is a powerful combination poised to become mission-critical for any organization. Skilling and reskilling are both at the top of CEOs’ agendas around the world and I am excited to engage them as partners in shaping the Future of Work.”
Sudha comes to BigSpring from SAP after more than two decades in customer leadership roles, running successful customer strategy, marketing and advocacy programs. She began her career in management roles at Unilever and Proctor & Gamble.
"I am inspired by Bhakti's vision to take on one of the world’s most urgent issues: employability, by connecting skills-based learning to business results,” Bala said. “I look forward to leveraging my years of experience in enterprise software to help move BigSpring's customers towards bigger and better outcomes. BigSpring is poised to become a major disruptor in the learning space and I'm thrilled to help shape that revolution."
“Customer success is not only a function but a mindset at BigSpring, given our focus on demonstrating measurable value,” Vithalani said. “Sudha's two-decades-long tenure at SAP and her expertise driving value to establish long-term client relationships couldn't be more relevant.”
About BigSpring
BigSpring, a mobile learning and productivity platform, empowers workers from management to the shop floor with lifelong skilling, while enabling employers to measure ROI from training as a core business driver - not a discretionary expense. The platform includes a large and growing content library, supplemented by an online community for on-the-spot coaching. Customers include Uber, United Technologies, Oyo, Tata and many others. BigSpring has more than 500,000 learners across Asia Pacific, Africa and the Americas.
For more information, call Mike Diamond, Aircover Communications, 1-408-594-9350 or media@bigspring.io.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20200329005026/en/
Contact
Mike Diamond, Aircover Communications, 1-408-594-9350 or media@bigspring.io.
Source : BigSpring
--BERNAMA
Saturday 28 March 2020
HONG KONG SCIENCE PARK VIRTUAL CAREER EXPO ATTRACTING 15,000 VISITATIONS FROM WORLDWIDE I&T TALENT FOR 1,100+ JOBS AVAILABLE
I&T multinational companies, trailblazing startups, industry experts and experienced recruiters to share insights on the exciting opportunities with candidates
HONG KONG, March 27 (Bernama-BUSINESS WIRE) -- Hosted by Hong Kong Science and Technology Parks Corporation (HKSTP), Hong Kong Science Park Virtual Career Expo 2020 (The Expo) is hosting more than 1,100 jobs from 160 tech companies from March 25 till April 21, with a view to attracting more global talent to build a robust talent pool in the city.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200326005385/en/
During the first day, the city’s first and largest virtual career fair for innovation and technology (I&T) reported an overwhelming response from 15,000 visitations from talent worldwide and 60,000 page views. 2,000 CVs were submitted through the fair for the job opportunities being offered from four major technology fields: biomedical technology, artificial intelligence and robotics, smart city and fintech.
Albert Wong, Chief Executive Officer of HKSTP, said: “In midst of current challenges, I&T never stops but is powering ahead. Our Virtual Career Expo, in a few hours since on live, has reported 15,000 visitations from worldwide I&T talent in 45 economies, demonstrating strong interest among talent in I&T.
“Talent is at the heart of I&T that drives economic growth and benefits the whole world. While Hong Kong is one of the birthplaces of a great deal of innovation and maintains in its unique position as an international I&T hub to be built in the Greater Bay Area, there is clear potential to boost our innovative capacity further. We aspire to open the door to a new world of possibilities for the world’s best talent to come and together shape an even better future.”
The majority of the jobs at the fair are in technology and R&D, such as information and communication technology, engineering and biomedical science. About one third of those roles are looking for fresh college graduates. 75 per cent of the positions are open for bachelor degree holders and 20 per cent are for post graduates or those with doctoral degrees and above.
Companies that are hiring include Hong Kong Science Park companies, current incubatees and graduates from HKSTP’s incubation programmes, SMEs and multinationals. The companies use virtual exhibition booths to share career-related information, and hold on-demand live chats, webcasts and presentations to converse with potential hires. Job applicants can submit their resumes and documents in a seamless virtual environment.
During the Expo, HKSTP is hosting free and interactive webinars daily, featuring I&T multinationals, trailblazing startups, industry experts and experienced recruiters to help candidates gain greater insights on the opportunities and career potential in the I&T industry. The guest speakers include Dr. KC Tsui, Chief Operating Officer of CryptoBLK; Lydia Leung, Chief Executive Officer of Belun; Miles Wen, Chief Executive Officer of Fano Labs; Patrick Tu, Chief Executive Officer and Co-Founder of Dayta AI; Patrick Yu, Vice President of People at Lalamove; Stanley Sy, Chief Executive Officer of Sanomics.
http://mrem.bernama.com/viewsm.php?idm=37048
TA ASSOCIATES ANNOUNCES STRATEGIC GROWTH INVESTMENT IN ACCION LABS
BOSTON & PITTSBURGH, March 27 (Bernama-BUSINESS WIRE) -- TA Associates, a leading global growth private equity firm, today announced that it has completed a strategic growth investment to join Basil Technology Partners (“Basil”) as an investor in Accion Labs (“Accion”), a digital-focused software product engineering company specializing in emerging technologies. Financial terms of the transaction were not disclosed.
Founded in Pittsburgh, PA in 2011, Accion is a leader in helping technology companies and enterprises leverage the power of emerging technologies. Accion’s expertise ranges across advanced UX, artificial intelligence and machine learning, big-data/analytics, migration to cloud/SaaS and re-engineering of legacy platforms, process automation, mobility, augmented reality and IOT. The company’s clients include software product companies, e-SaaS firms, e-business organizations and enterprises undergoing a digital transformation across a range of industries such as healthcare, financial services, technology and fintech. Accion has more than 2,600 engineers across 14 offices within the U.S., Canada, the UK and Asia-Pacific.
“We are very pleased to welcome TA Associates as an investor in Accion,” said Kinesh Doshi, Founder & CEO of Accion Labs. “In choosing to partner with TA, Accion and the Basil team were particularly attracted by the firm’s global presence, long history of investing in the technology sector and experience in growing portfolio companies through M&A. We believe that TA will prove to be a valuable partner as we seek to further grow Accion organically and through acquisitions, with a particular focus on the U.S. and European markets.”
“TA is delighted to invest in Accion, an innovative leader in the growing digital engineering space,” said Aditya Sharma, Principal at TA Associates Advisory Private Limited. “We are excited by Accion’s rapid growth, strong global leadership team, expertise in emerging technologies, proprietary accelerators and IP, and deeply integrated customer relationships. We look forward to a close collaboration with the Accion management and Basil teams in the company’s next phase of growth.”
Management and strategy consulting firm Zinnov estimated the annual spend on digital engineering across all industries at $160 billion in 2018, with approximately 60% of that expenditure in the U.S., followed by Western Europe and Asia-Pacific. The firm predicted a compound annual growth rate for the sector of 19% to $380 billion through 2023.
“Spending in the digital engineering market is being driven by technology and business model innovations, growth in technology companies, including start-ups, and the emergence of a global digital ecosystem,” said Dhiraj Poddar, Managing Director at TA Associates Advisory Private Limited. “With its innovative and solutions-driven approach, we believe that Accion is well-positioned to continue capitalizing on these trends and further grow its market share in this vibrant industry.”
“As a niche technology provider that we believe is disrupting the IT services space, Accion has been an ideal fit for Basil,” said Rajeev Srivastava, Executive Chairman & Managing Partner, Basil Technology Partners. “It has been truly gratifying to be involved with Accion since inception, helping to drive strategy and growth at this leading-edge business.”
“We welcome the opportunity to work with TA, leveraging their deep U.S. market experience to help scale Accion organically and through M&A,” added Sameer Kanwar, CEO & Partner, Basil Technology Partners.
Mr. Sharma and Mr. Poddar will join the Board of Directors of Accion Labs.
K&L Gates LLP served as U.S. counsel, Lexygen India served as Indian counsel, KPMG served as tax advisor and Avendus Capital served as investment banker to Accion Labs and Basil Technology Partners. Goodwin Procter LLP served as legal counsel and Ernst & Young served as tax advisor to TA Associates. TA Associates Advisory Private Limited also advised on the transaction.
About Accion Labs
Accion Labs, founded in 2011, is a Pittsburgh-headquartered global technology firm specializing in working with technology firms and IT organizations in the emerging technologies such as Rich Internet Applications, Service-Oriented Architecture, SaaS, Cloud, Open-Source, BI/DW, Mobility, Automation, DevOps and Big Data. Spread over 12 global offices, Accion has an engineering headcount of more than 2,250 employees. Accion clients include software product firms, e-SaaS firms, e-commerce organizations and e-business organizations. Accion engages with its clients in a range of collaborative, white-box engagement models that include extended teams, turn-key project and professional staffing. Accion specializes in building new products and re-engineering legacy products to leverage emerging technologies and best practices. Led by an entrepreneurial management team that believes in execution, outcome and continuous learning, Accion Labs has been recognized as one of Pittsburgh’s fastest growing companies by the Pittsburgh Business Times and one of America’s fastest growing companies by Inc. magazine. For more information, please visit www.accionlabs.com.
About Basil Technology Partners Pte. Ltd.
Basil Technology Partners Pte. Ltd. is a licensed fund manager in Singapore and is the advisor to Basil Technology Fund. Basil is a specialist technology investor that identifies and invests in niche technologies that are disrupting the IT services space. Basil has a hands-on approach to investing that leans heavily on identifying niche technology services companies, acquiring significant stakes and being involved as an active operating partner in each of the portfolio companies to drive strategy, growth – both organic and inorganic - and exits. Basil has developed a reputation within the technology community in SE Asia, India and the U.S. for funding, growing and successfully exiting technology and tech-related businesses. Since 2008, the Basil team members have invested in and actively operated around 14 technology investments, with six successful exits, mostly within 3 – 5 years of investment. In August, 2018 Basil completed a successful third-party fund-raising round from marquee international Limited Partners (LPs) to recapitalize and consolidate their position as an investor in several leading-edge niche technology companies. For more information, please visit www.basilpartners.com.
About TA Associates
TA Associates is a leading global growth private equity firm. Focused on targeted sectors within five industries – technology, healthcare, financial services, consumer and business services – TA invests in profitable, growing companies with opportunities for sustained growth, and has invested in more than 500 companies around the world. Investing as either a majority or minority investor, TA employs a long-term approach, utilizing its strategic resources to help management teams build lasting value in high quality growth companies. TA has raised $33.5 billion in capital since its founding in 1968 and is committing to new investments at the pace of over $2 billion per year. The firm’s more than 85 investment professionals are based in Boston, Menlo Park, London, Mumbai and Hong Kong. More information about TA Associates can be found at www.ta.com.
Founded in Pittsburgh, PA in 2011, Accion is a leader in helping technology companies and enterprises leverage the power of emerging technologies. Accion’s expertise ranges across advanced UX, artificial intelligence and machine learning, big-data/analytics, migration to cloud/SaaS and re-engineering of legacy platforms, process automation, mobility, augmented reality and IOT. The company’s clients include software product companies, e-SaaS firms, e-business organizations and enterprises undergoing a digital transformation across a range of industries such as healthcare, financial services, technology and fintech. Accion has more than 2,600 engineers across 14 offices within the U.S., Canada, the UK and Asia-Pacific.
“We are very pleased to welcome TA Associates as an investor in Accion,” said Kinesh Doshi, Founder & CEO of Accion Labs. “In choosing to partner with TA, Accion and the Basil team were particularly attracted by the firm’s global presence, long history of investing in the technology sector and experience in growing portfolio companies through M&A. We believe that TA will prove to be a valuable partner as we seek to further grow Accion organically and through acquisitions, with a particular focus on the U.S. and European markets.”
“TA is delighted to invest in Accion, an innovative leader in the growing digital engineering space,” said Aditya Sharma, Principal at TA Associates Advisory Private Limited. “We are excited by Accion’s rapid growth, strong global leadership team, expertise in emerging technologies, proprietary accelerators and IP, and deeply integrated customer relationships. We look forward to a close collaboration with the Accion management and Basil teams in the company’s next phase of growth.”
Management and strategy consulting firm Zinnov estimated the annual spend on digital engineering across all industries at $160 billion in 2018, with approximately 60% of that expenditure in the U.S., followed by Western Europe and Asia-Pacific. The firm predicted a compound annual growth rate for the sector of 19% to $380 billion through 2023.
“Spending in the digital engineering market is being driven by technology and business model innovations, growth in technology companies, including start-ups, and the emergence of a global digital ecosystem,” said Dhiraj Poddar, Managing Director at TA Associates Advisory Private Limited. “With its innovative and solutions-driven approach, we believe that Accion is well-positioned to continue capitalizing on these trends and further grow its market share in this vibrant industry.”
“As a niche technology provider that we believe is disrupting the IT services space, Accion has been an ideal fit for Basil,” said Rajeev Srivastava, Executive Chairman & Managing Partner, Basil Technology Partners. “It has been truly gratifying to be involved with Accion since inception, helping to drive strategy and growth at this leading-edge business.”
“We welcome the opportunity to work with TA, leveraging their deep U.S. market experience to help scale Accion organically and through M&A,” added Sameer Kanwar, CEO & Partner, Basil Technology Partners.
Mr. Sharma and Mr. Poddar will join the Board of Directors of Accion Labs.
K&L Gates LLP served as U.S. counsel, Lexygen India served as Indian counsel, KPMG served as tax advisor and Avendus Capital served as investment banker to Accion Labs and Basil Technology Partners. Goodwin Procter LLP served as legal counsel and Ernst & Young served as tax advisor to TA Associates. TA Associates Advisory Private Limited also advised on the transaction.
About Accion Labs
Accion Labs, founded in 2011, is a Pittsburgh-headquartered global technology firm specializing in working with technology firms and IT organizations in the emerging technologies such as Rich Internet Applications, Service-Oriented Architecture, SaaS, Cloud, Open-Source, BI/DW, Mobility, Automation, DevOps and Big Data. Spread over 12 global offices, Accion has an engineering headcount of more than 2,250 employees. Accion clients include software product firms, e-SaaS firms, e-commerce organizations and e-business organizations. Accion engages with its clients in a range of collaborative, white-box engagement models that include extended teams, turn-key project and professional staffing. Accion specializes in building new products and re-engineering legacy products to leverage emerging technologies and best practices. Led by an entrepreneurial management team that believes in execution, outcome and continuous learning, Accion Labs has been recognized as one of Pittsburgh’s fastest growing companies by the Pittsburgh Business Times and one of America’s fastest growing companies by Inc. magazine. For more information, please visit www.accionlabs.com.
About Basil Technology Partners Pte. Ltd.
Basil Technology Partners Pte. Ltd. is a licensed fund manager in Singapore and is the advisor to Basil Technology Fund. Basil is a specialist technology investor that identifies and invests in niche technologies that are disrupting the IT services space. Basil has a hands-on approach to investing that leans heavily on identifying niche technology services companies, acquiring significant stakes and being involved as an active operating partner in each of the portfolio companies to drive strategy, growth – both organic and inorganic - and exits. Basil has developed a reputation within the technology community in SE Asia, India and the U.S. for funding, growing and successfully exiting technology and tech-related businesses. Since 2008, the Basil team members have invested in and actively operated around 14 technology investments, with six successful exits, mostly within 3 – 5 years of investment. In August, 2018 Basil completed a successful third-party fund-raising round from marquee international Limited Partners (LPs) to recapitalize and consolidate their position as an investor in several leading-edge niche technology companies. For more information, please visit www.basilpartners.com.
About TA Associates
TA Associates is a leading global growth private equity firm. Focused on targeted sectors within five industries – technology, healthcare, financial services, consumer and business services – TA invests in profitable, growing companies with opportunities for sustained growth, and has invested in more than 500 companies around the world. Investing as either a majority or minority investor, TA employs a long-term approach, utilizing its strategic resources to help management teams build lasting value in high quality growth companies. TA has raised $33.5 billion in capital since its founding in 1968 and is committing to new investments at the pace of over $2 billion per year. The firm’s more than 85 investment professionals are based in Boston, Menlo Park, London, Mumbai and Hong Kong. More information about TA Associates can be found at www.ta.com.
Friday 27 March 2020
VISTAJET OFFERS GLOBAL INFRASTRUCTURE TO SUPPORT GOVERNMENTS AND MEDICAL ORGANIZATIONS DURING TIME OF INSTABILITY
Supporting communities, supporting individuals
- VistaJet offers complimentary empty leg flights for Governments and medical transportation;
- Using global infrastructure and expertise to help move critical medical products;
- Working with experts and leaders to identify new flying solutions for the global community.
LONDON, March 26 (Bernama-GLOBE NEWSWIRE) -- VistaJet, the first and only global business aviation company, is helping to ensure that those with critical travel requirements during this time of uncertainty are able to keep moving.
Understanding the global community’s needs as the world works to respond to the evolving situation on COVID-19, VistaJet continues to identify new ways to be of help through its global network and infrastructure. The Company is working directly with Governments and Consulates around the world, helping them to repatriate citizens by providing complimentary empty leg flights. To further ensure that officials are able to keep their response plans as prompt as possible, the Company is assisting with the complex logistics of the necessary permits and paperwork.
As cargo flights drastically fall owing to the cancellation of major global commercial routes, and inspired by the incredible gesture of humanity seen around the world, VistaJet is also in talks with medical organizations, health experts and regulators to identify other solutions to help, including the transportation of key medical supplies. Additionally, empty leg flights are being offered complimentary for critical flights to transport medical experts to necessary locations as they help to fight the global pandemic.
Thomas Flohr, VistaJet’s Founder and Chairman, said:
“Everyone at VistaJet continues to assess how we can better serve our customers and the greater global community during these difficult times. Listening to expert advice, whether that be security, safety or medical, we are here to ensure that they are fully supported with their flying needs. This is an unusual time and one that we must all work together where possible to do whatever we can to help. We know we don’t normally offer repatriation flights or the transportation of medical equipment, but ultimately, we are a logistics company and we are here to help the global community as much as we can. We are in this fight together.”
The Company has created a dedicated web page to channel all requests from Governments and medical organizations to ensure prioritization, address the most critical cases and manage the relevant safety screening.
Additionally, with heightened market insecurity, many customers have been in contact to evaluate alternative options to meet their flying needs. Listening to their concerns, VistaJet has introduced its Dynamic Jet Lease — a short-term lease over one, two or three months, offering a dedicated aircraft and crew positioned at the nearest possible airport to you. It is a unique monthly lease providing the highest flexibility whenever needed, and especially when quick decisions are required. The Dynamic Jet Lease increases safety, releases customers’ core business resources and ensures peace of mind during a constantly-changing global landscape.
For more information on VistaJet’s heightened efforts to help stop the spread of COVID-19, visit:
vistajet.com/coronavirus-updates
http://mrem.bernama.com/viewsm.php?idm=37038
- VistaJet offers complimentary empty leg flights for Governments and medical transportation;
- Using global infrastructure and expertise to help move critical medical products;
- Working with experts and leaders to identify new flying solutions for the global community.
LONDON, March 26 (Bernama-GLOBE NEWSWIRE) -- VistaJet, the first and only global business aviation company, is helping to ensure that those with critical travel requirements during this time of uncertainty are able to keep moving.
Understanding the global community’s needs as the world works to respond to the evolving situation on COVID-19, VistaJet continues to identify new ways to be of help through its global network and infrastructure. The Company is working directly with Governments and Consulates around the world, helping them to repatriate citizens by providing complimentary empty leg flights. To further ensure that officials are able to keep their response plans as prompt as possible, the Company is assisting with the complex logistics of the necessary permits and paperwork.
As cargo flights drastically fall owing to the cancellation of major global commercial routes, and inspired by the incredible gesture of humanity seen around the world, VistaJet is also in talks with medical organizations, health experts and regulators to identify other solutions to help, including the transportation of key medical supplies. Additionally, empty leg flights are being offered complimentary for critical flights to transport medical experts to necessary locations as they help to fight the global pandemic.
Thomas Flohr, VistaJet’s Founder and Chairman, said:
“Everyone at VistaJet continues to assess how we can better serve our customers and the greater global community during these difficult times. Listening to expert advice, whether that be security, safety or medical, we are here to ensure that they are fully supported with their flying needs. This is an unusual time and one that we must all work together where possible to do whatever we can to help. We know we don’t normally offer repatriation flights or the transportation of medical equipment, but ultimately, we are a logistics company and we are here to help the global community as much as we can. We are in this fight together.”
The Company has created a dedicated web page to channel all requests from Governments and medical organizations to ensure prioritization, address the most critical cases and manage the relevant safety screening.
Additionally, with heightened market insecurity, many customers have been in contact to evaluate alternative options to meet their flying needs. Listening to their concerns, VistaJet has introduced its Dynamic Jet Lease — a short-term lease over one, two or three months, offering a dedicated aircraft and crew positioned at the nearest possible airport to you. It is a unique monthly lease providing the highest flexibility whenever needed, and especially when quick decisions are required. The Dynamic Jet Lease increases safety, releases customers’ core business resources and ensures peace of mind during a constantly-changing global landscape.
For more information on VistaJet’s heightened efforts to help stop the spread of COVID-19, visit:
vistajet.com/coronavirus-updates
http://mrem.bernama.com/viewsm.php?idm=37038
SNOMED CT global clinical terminology introduced in Germany via Medical Informatics Initiative
KUALA LUMPUR, March 25 -- The Medical Informatics Initiative (MII) has formally announced a relationship with SNOMED International, supporting the use of SNOMED CT throughout Germany.
According to a statement, as of last week, the Federal Ministry of Research has given MII participants nationwide a licence to use SNOMED CT, the world’s largest clinical terminology, representing over 350,000 clinical concepts.
With the help of SNOMED CT, programmes can translate different medical terms into an internationally standardised numerical code.
In this way, clinical data from different countries can be compared and used for research, creating the prerequisites for treating diseases more effectively in the future, recognising them faster and supporting prevention.
The networking of routine care data and top medical research has great potential - for better medical treatment and strengthening Germany as a business and science location.
With strong presence in Europe, MII’s licence joins the initiative with 24 Members across Europe in the adoption and use of SNOMED CT.
Currently within Germany, there also exist a large number of additional SNOMED CT affiliate licensees, representing a mixture of large vendors and local development licences which have been provided free of charge for the time limited period of a project.
-- BERNAMA
According to a statement, as of last week, the Federal Ministry of Research has given MII participants nationwide a licence to use SNOMED CT, the world’s largest clinical terminology, representing over 350,000 clinical concepts.
With the help of SNOMED CT, programmes can translate different medical terms into an internationally standardised numerical code.
In this way, clinical data from different countries can be compared and used for research, creating the prerequisites for treating diseases more effectively in the future, recognising them faster and supporting prevention.
The networking of routine care data and top medical research has great potential - for better medical treatment and strengthening Germany as a business and science location.
With strong presence in Europe, MII’s licence joins the initiative with 24 Members across Europe in the adoption and use of SNOMED CT.
Currently within Germany, there also exist a large number of additional SNOMED CT affiliate licensees, representing a mixture of large vendors and local development licences which have been provided free of charge for the time limited period of a project.
-- BERNAMA
Tuesday 24 March 2020
AM BEST WITHDRAWS CREDIT RATINGS OF THE ORIENTAL INSURANCE COMPANY LIMITED
SINGAPORE, March 23 (Bernama-BUSINESS WIRE) -- AM Best has affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “bbb-” of The Oriental Insurance Company Limited (Oriental) (India). The outlook of these Credit Ratings (ratings) remains negative. Concurrently, AM Best has withdrawn these ratings as the company has requested to no longer participate in AM Best’s interactive rating process.
The ratings reflect Oriental’s balance sheet strength, which AM Best categorizes as very strong, as well as its marginal operating performance, neutral business profile and marginal enterprise risk management. The ratings also factor in a neutral impact from the company’s ultimate ownership by the Government of India.
Oriental’s risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR), has exhibited a deteriorating trend over recent years, although it remained at the strongest level for fiscal year-end 2019 (FY 2019). This trend has been driven in part by notable reserve strengthening requirements and elevated new business growth, which have resulted in increased underwriting leverage over recent years. Furthermore, post-tax operating losses and unfavorable fair value movements from equity investments recorded directly in the balance sheet have eroded the company’s capital position. Oriental’s capital and surplus fell by 11% to INR 104 billion (USD 1.5 billion) in FY 2019, as compared with FY 2018. During the first nine months of FY 2020, the company’s capital and surplus declined further to INR 76 billion (USD 1.1 billion).
http://mrem.bernama.com/viewsm.php?idm=37006
The ratings reflect Oriental’s balance sheet strength, which AM Best categorizes as very strong, as well as its marginal operating performance, neutral business profile and marginal enterprise risk management. The ratings also factor in a neutral impact from the company’s ultimate ownership by the Government of India.
Oriental’s risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR), has exhibited a deteriorating trend over recent years, although it remained at the strongest level for fiscal year-end 2019 (FY 2019). This trend has been driven in part by notable reserve strengthening requirements and elevated new business growth, which have resulted in increased underwriting leverage over recent years. Furthermore, post-tax operating losses and unfavorable fair value movements from equity investments recorded directly in the balance sheet have eroded the company’s capital position. Oriental’s capital and surplus fell by 11% to INR 104 billion (USD 1.5 billion) in FY 2019, as compared with FY 2018. During the first nine months of FY 2020, the company’s capital and surplus declined further to INR 76 billion (USD 1.1 billion).
http://mrem.bernama.com/viewsm.php?idm=37006
India’s National Insurance Company Limited Credit Ratings withdrawn - AM Best
KUALA LUMPUR, March 23 -- Global credit rating agency, AM Best has withdrawn the Credit Ratings of National Insurance Company Limited (National) India as the company has requested to no longer participate in AM Best’s interactive rating process.
In the same statement, AM Best has affirmed the Financial Strength Rating of C (weak) and the Long-Term Issuer Credit Rating (Long-Term ICR) of ‘ccc’ of the company, with outlook of these Credit Ratings as negative.
The ratings reflect National’s balance sheet strength, which AM Best categorised as weak, as well as its marginal operating performance, neutral business profile and weak enterprise risk management.
The ratings also factor in a neutral impact from the company’s ultimate ownership by the Government of India.
National’s risk-adjusted capitalisation, as measured by Best’s Capital Adequacy Ratio, deteriorated to a very weak level at fiscal year-end 2019 due to a combination of significant reserve strengthening for motor third-party liability business and continued large underwriting losses from several other product lines.
AM Best views the company’s operating performance as marginal, as evidenced by a five-year average return-on-equity ratio of -6.7 per cent (2015-2019). Underwriting performance has been persistently loss-making, with a five-year average combined ratio of 134.7 per cent (2015-2019) and a very weak combined ratio of 142.8 per cent for fiscal-year 2019.
The negative outlooks reflect AM Best’s expectation of continued pressure on National’s balance sheet strength and operating performance fundamentals over the near term.
More details at www.ambest.com.
-- BERNAMA
In the same statement, AM Best has affirmed the Financial Strength Rating of C (weak) and the Long-Term Issuer Credit Rating (Long-Term ICR) of ‘ccc’ of the company, with outlook of these Credit Ratings as negative.
The ratings reflect National’s balance sheet strength, which AM Best categorised as weak, as well as its marginal operating performance, neutral business profile and weak enterprise risk management.
The ratings also factor in a neutral impact from the company’s ultimate ownership by the Government of India.
National’s risk-adjusted capitalisation, as measured by Best’s Capital Adequacy Ratio, deteriorated to a very weak level at fiscal year-end 2019 due to a combination of significant reserve strengthening for motor third-party liability business and continued large underwriting losses from several other product lines.
AM Best views the company’s operating performance as marginal, as evidenced by a five-year average return-on-equity ratio of -6.7 per cent (2015-2019). Underwriting performance has been persistently loss-making, with a five-year average combined ratio of 134.7 per cent (2015-2019) and a very weak combined ratio of 142.8 per cent for fiscal-year 2019.
The negative outlooks reflect AM Best’s expectation of continued pressure on National’s balance sheet strength and operating performance fundamentals over the near term.
More details at www.ambest.com.
-- BERNAMA
Monday 23 March 2020
JPMORGAN CHASE MAKES $50 MILLION PHILANTHROPIC INVESTMENT TO HELP ADDRESS IMMEDIATE AND LONG-TERM IMPACTS OF COVID-19
NEW YORK, March 19 (Bernama-BUSINESS WIRE) -- JPMorgan Chase today announced a $50 million global philanthropic commitment to address the immediate public health and long-term economic challenges from the COVID-19 global pandemic.
Funds will support communities and people hit hardest by this public health crisis through an initial $15 million commitment, including:
Funds will support communities and people hit hardest by this public health crisis through an initial $15 million commitment, including:
- $5 million to provide immediate healthcare, food and other humanitarian relief globally;
- $2 million to existing nonprofit partners around the world that are responding to the COVID-19 crisis in their communities;
- $8 million to assist small businesses vulnerable to significant economic hardships in the U.S., China and Europe.
The remaining $35 million will be deployed over time to help the most vulnerable communities and people recover from the crisis and have an opportunity to benefit from future economic growth. The firm will lean into its core areas of expertise including financial health, jobs and skills, small business growth and neighborhood development and apply lessons learned from initiatives like AdvancingCities.
“We are mobilizing the firm’s resources to support customers, employees and communities – especially the most vulnerable – in this time of crisis,” said Peter Scher, Head of Corporate Responsibility and Chairman of the Mid-Atlantic region. “We are making immediate investments to help those most affected by humanitarian challenges and looking into sustainable and innovative solutions to help small businesses and underserved communities recover when the crisis subsides.”
Providing humanitarian community relief
To address the immediate humanitarian and healthcare crisis, the firm is providing $5 million to the following organizations focused on providing emergency medical supplies, food, and other critical health-related essentials:
“We are mobilizing the firm’s resources to support customers, employees and communities – especially the most vulnerable – in this time of crisis,” said Peter Scher, Head of Corporate Responsibility and Chairman of the Mid-Atlantic region. “We are making immediate investments to help those most affected by humanitarian challenges and looking into sustainable and innovative solutions to help small businesses and underserved communities recover when the crisis subsides.”
Providing humanitarian community relief
To address the immediate humanitarian and healthcare crisis, the firm is providing $5 million to the following organizations focused on providing emergency medical supplies, food, and other critical health-related essentials:
- $2 million to the COVID-19 Solidarity Response Fund supporting the World Health Organization, to provide essential supplies such as protective equipment to frontline healthcare workers, enabling countries to track and detect the disease by boosting laboratory capacity, and accelerating efforts to fast-track the discovery and development of lifesaving vaccines;
- $1 million to Feeding America’s COVID-19 Response Fund to help U.S. communities in need of critical food security through a network of 200+ food banks;
- $1 million to the GlobalGiving Foundation’s COVID-19 European Response Fund to assist vulnerable populations across Europe, focusing on communities where we do business;
- $1 million to the China Foundation for Poverty Alleviation to provide immediate and mid-to-long-term healthcare and small business support, including the distribution of medical supplies in impacted communities across China.
The firm is also matching employee donations to these COVID-19 relief efforts dollar-for-dollar. Employees have an opportunity to contribute to the COVID-19 Solidarity Response Fund supporting the World Health Organization, Feeding America’s COVID-19 Response Fund, GlobalGiving Foundation’s COVID-19 European Response Fund, or the China Foundation for Poverty Alleviation.
Supporting small businesses and nonprofit partners
JPMorgan Chase Institute research shows that 50 percent of small businesses have less than 15 cash buffer days, meaning the small business economy could be majorly disrupted by the current climate. The firm will promptly deploy $8 million, including $5 million in the U.S. and $3 million in international markets to support vulnerable and underserved small businesses in the following ways:
http://mrem.bernama.com/viewsm.php?idm=36986
Supporting small businesses and nonprofit partners
JPMorgan Chase Institute research shows that 50 percent of small businesses have less than 15 cash buffer days, meaning the small business economy could be majorly disrupted by the current climate. The firm will promptly deploy $8 million, including $5 million in the U.S. and $3 million in international markets to support vulnerable and underserved small businesses in the following ways:
http://mrem.bernama.com/viewsm.php?idm=36986
Friday 20 March 2020
DATAIKU 7 BRINGS DEEPER COLLABORATION AND MORE GRANULAR EXPLAINABILITY TO ENTERPRISE AI
NEW YORK, March 19
(Bernama-BUSINESS WIRE) -- Today Dataiku, the leading Enterprise AI and machine learning platform, announced the
release of Dataiku 7, bringing deeper integration for technical data
professionals to work on machine learning project development and row-level
explainability for white-box AI. Additional feature highlights with this latest
release include Kubernetes-powered web apps to expand on the capabilities
introduced in Dataiku 6 and a machine learning-assisted data labeling plugin.
This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20200318005008/en/
“Collaboration has been at the core of Dataiku since our founding in 2013, and with Dataiku 7, we’re continuing to add features that deepen our philosophy to effectively democratize AI in the enterprise,” said Dataiku CEO, Florian Douetteau. “With this launch, Dataiku 7 is our second consecutive product release that expands features for explainable AI, a critical component for organizations across industries to succeed and understand the impact of their AI model outcomes.”
Organizations worldwide are committed to enterprise AI efforts from the top down, but struggle to democratize projects from the bottom up to give more individuals access to actionable data insights. Dataiku 7 brings more people to the table via collaboration and empowers individuals with explainable AI for businesses to use data for day-to-day decisions and build impactful AI projects.
With the launch of Dataiku 7, new features include:
Support for Advanced Statistical Analysis: Statisticians can now use Dataiku to perform advanced statistical analysis in the familiar worksheet-and-cards format while collaborating with the wider data or analytics team. In the past, advanced statisticians were relegated to siloed tools with no visibility for non-statisticians, creating bottlenecks in governance and AI project deployment.
http://mrem.bernama.com/viewsm.php?idm=36984
This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20200318005008/en/
“Collaboration has been at the core of Dataiku since our founding in 2013, and with Dataiku 7, we’re continuing to add features that deepen our philosophy to effectively democratize AI in the enterprise,” said Dataiku CEO, Florian Douetteau. “With this launch, Dataiku 7 is our second consecutive product release that expands features for explainable AI, a critical component for organizations across industries to succeed and understand the impact of their AI model outcomes.”
Organizations worldwide are committed to enterprise AI efforts from the top down, but struggle to democratize projects from the bottom up to give more individuals access to actionable data insights. Dataiku 7 brings more people to the table via collaboration and empowers individuals with explainable AI for businesses to use data for day-to-day decisions and build impactful AI projects.
With the launch of Dataiku 7, new features include:
Support for Advanced Statistical Analysis: Statisticians can now use Dataiku to perform advanced statistical analysis in the familiar worksheet-and-cards format while collaborating with the wider data or analytics team. In the past, advanced statisticians were relegated to siloed tools with no visibility for non-statisticians, creating bottlenecks in governance and AI project deployment.
http://mrem.bernama.com/viewsm.php?idm=36984
Nippon Express (Malaysia) completes Shah Alam Logistics Center construction
KUALA LUMPUR, March 18 -- Nippon Express (Malaysia) Sdn Bhd, a local subsidiary of Nippon Express Co Ltd has completed construction of the Shah Alam Logistics Center at the Shah Alam Industrial Park in Selangor.
Having begun operations on March 9, the centre is Nippon Express Group's most extensive single-structure multifunctional logistics warehouse outside of Japan.
According to a statement, the location is near key consumption areas and an international seaport and airport are leveraged to meet a full range of logistics needs.
Its bonded warehouse functions enable non-resident inventory to be stored, allowing the centre to serve as a hub for Asia and the Middle East.
The centre plans to obtain halal certification in anticipation of future growth in the Muslim population, forecasting to exceed one-fourth of the world's total population by 2030, and a consequent expansion of the global halal market.
Accordingly, an area for ritually cleansing trucks and cargo containers has been established within the facility.
In addition, the centre intends to obtain certification for Good Distribution Practice, standards for proper distribution of pharmaceutical products.
A rise in Malaysia's national income has driven remarkable growth in personal consumption, and the increased distribution of consumer goods has led to expectations of growing needs for more sophisticated domestic logistics and warehousing services.
More details at http://www.nipponexpress.com/
-- BERNAMA
Having begun operations on March 9, the centre is Nippon Express Group's most extensive single-structure multifunctional logistics warehouse outside of Japan.
According to a statement, the location is near key consumption areas and an international seaport and airport are leveraged to meet a full range of logistics needs.
Its bonded warehouse functions enable non-resident inventory to be stored, allowing the centre to serve as a hub for Asia and the Middle East.
The centre plans to obtain halal certification in anticipation of future growth in the Muslim population, forecasting to exceed one-fourth of the world's total population by 2030, and a consequent expansion of the global halal market.
Accordingly, an area for ritually cleansing trucks and cargo containers has been established within the facility.
In addition, the centre intends to obtain certification for Good Distribution Practice, standards for proper distribution of pharmaceutical products.
A rise in Malaysia's national income has driven remarkable growth in personal consumption, and the increased distribution of consumer goods has led to expectations of growing needs for more sophisticated domestic logistics and warehousing services.
More details at http://www.nipponexpress.com/
-- BERNAMA
Friday 13 March 2020
JR CENTRAL TO LAUNCH ONLINE RESERVATION SERVICE FOR "TOKAIDO SANYO SHINKANSEN" BULLET TRAIN TICKETS
TOKYO, Mar. 13, 2020 /Kyodo JBN- AsiaNet/ —
On March 21, Central Japan Railway Company (JR Central) will launch an official online reservation service (*) allowing oversea travelers to purchase, before coming to Japan and from all over the world, tickets for the Tokaido Sanyo Shinkansen (bullet train) which runs through Japan’s golden route connecting Tokyo, Mt. Fuji, Nagoya, Kyoto, Osaka, Hiroshima, Hakata and other destinations.
(*) Service available in English.
The Shinkansen offers high speed and convenience. Trains run frequently and on time, seating is readily available, and travel is comfortable, safe and enjoyable. It is an efficient and reliable choice for long distances as well as short day trips.
Of course, Shinkansen tickets may be purchased at station ticket offices in Japan. But, this new service makes it easy and simple to book and buy tickets from countries outside of Japan. Moreover, travelers may change their booking as many times as they like without any additional charge. For leisure and business travelers planning a visit, register now to get Shinkansen tickets and enjoy travel in Japan.
For more details, please visit:
https://smart-ex.jp/en/lp/app/
https://smart-ex.jp/en/lp/app/
Features:
1. Book seats and purchase tickets
-Beginning one month prior to departure
-From inside and outside Japan
1. Book seats and purchase tickets
-Beginning one month prior to departure
-From inside and outside Japan
2. Change reservations
-Without charge
-As many times as wanted
-Up to 4 minutes before departure
-Without charge
-As many times as wanted
-Up to 4 minutes before departure
*Foreign transaction fee prescribed by the credit card company may be charged according to the card used.
3. Pick up tickets
Collect tickets easily and quickly at ticket machines in Tokaido Sanyo Shinkansen stations
Collect tickets easily and quickly at ticket machines in Tokaido Sanyo Shinkansen stations
4. No train restrictions
Tickets may be booked and purchased for all types of Tokaido Sanyo Shinkansen, including the fastest NOZOMI, with up to 17 departures per hour during peak times.
Tickets may be booked and purchased for all types of Tokaido Sanyo Shinkansen, including the fastest NOZOMI, with up to 17 departures per hour during peak times.
For travelers with oversized baggage
Reservation is required when bringing oversized baggage with overall dimensions (length + width + height) of between 160 cm and 250 cm (about 62 in. and 98 in.). Any oversized baggage carried onboard without a reservation is subject to a carry-on oversized baggage fee.
Reservation is required when bringing oversized baggage with overall dimensions (length + width + height) of between 160 cm and 250 cm (about 62 in. and 98 in.). Any oversized baggage carried onboard without a reservation is subject to a carry-on oversized baggage fee.
For more information, please visit:
https://global.jr-central.co.jp/en/info/oversized-baggage/index.html
https://global.jr-central.co.jp/en/info/oversized-baggage/index.html
*Credit cards Visa, Mastercard, JCB, American Express and Diners Club cards are accepted.
SOURCE: Central Japan Railway Company
WILLIS LEASE FINANCE CORPORATION REPORTS ANNUAL PRE-TAX PROFIT OF $88.9 MILLION
COCONUT CREEK, Fla., March 12 (Bernama-GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ: WLFC) today reported annual total revenues of $409.2 million and pre-tax profit of $88.9 million for the year ended December 31, 2019. The Company’s 2019 pre-tax results were driven by continued leasing revenue growth as well as gains associated with the active management of its portfolio. Aggregate lease rent and maintenance reserve revenues were $299.7 million for 2019. The Company's results also include $18.2 million of non-cash write downs.
“2019 was a great year for our business as evidenced by our exceeding $400 million of revenue and $88.9 million of earnings before tax,” said Charles F. Willis, Chairman and CEO. “There is obvious volatility in the global markets, generally, but we believe the Company is well positioned to continue to build market share and grow customer relationships by leveraging our in-demand portfolio of lease assets and continuing to focus on delivering unique customer solutions.”
“We are very proud of what our teams accomplished in 2019, but given the macro issues facing our industry, obviously now is no time to rest on last year’s performance,” said Brian R. Hole, President. “We believe the Willis Platform™ can deliver the most value in a stressed environment when our customers are raising or conserving cash and looking for ways to reduce engine expense, or avoid it altogether, by leveraging our balance sheet, existing engine portfolio, surplus material and overall power plant management capabilities.”
http://mrem.bernama.com/viewsm.php?idm=36933
“2019 was a great year for our business as evidenced by our exceeding $400 million of revenue and $88.9 million of earnings before tax,” said Charles F. Willis, Chairman and CEO. “There is obvious volatility in the global markets, generally, but we believe the Company is well positioned to continue to build market share and grow customer relationships by leveraging our in-demand portfolio of lease assets and continuing to focus on delivering unique customer solutions.”
“We are very proud of what our teams accomplished in 2019, but given the macro issues facing our industry, obviously now is no time to rest on last year’s performance,” said Brian R. Hole, President. “We believe the Willis Platform™ can deliver the most value in a stressed environment when our customers are raising or conserving cash and looking for ways to reduce engine expense, or avoid it altogether, by leveraging our balance sheet, existing engine portfolio, surplus material and overall power plant management capabilities.”
http://mrem.bernama.com/viewsm.php?idm=36933
SYMPHONY HEALTH PARTNERS WITH DATAVANT FOR THE INDUSTRY’S DEEPEST VIEW OF THE PATIENT JOURNEY
RALEIGH, N.C., March 12 (Bernama-GLOBE NEWSWIRE) — PRA Health Sciences (NASDAQ: PRAH) announced today a partnership between Symphony Health and Datavant that expands the breadth of data available for integration and allows life sciences companies to get the deepest and most holistic view of the patient journey in the commercial market.
Symphony Health’s proprietary Synoma® de-identification engine enables integration of complementary data sets from across the health ecosystem using a unique token. By working closely with Datavant, Symphony Health gives its customers the flexibility to connect data integrated via Synoma to the hundreds of unique data sets available through Datavant.
By leveraging best-in-class de-identification and integration with Symphony Health’s proprietary Synoma engine, customers will be able to connect, expand and analyze all relevant data types – electronic health records, medical and pharmacy claims, diagnostic lab datasets, demographics, and information from patient wearables and sensors collected during clinical trials. Leveraging these integrated data sets, customers can then build bespoke, fit-for-purpose data assets, custom data strategies and develop unique insights for their business with support from PRA and Symphony data experts.
http://mrem.bernama.com/viewsm.php?idm=36934
Symphony Health’s proprietary Synoma® de-identification engine enables integration of complementary data sets from across the health ecosystem using a unique token. By working closely with Datavant, Symphony Health gives its customers the flexibility to connect data integrated via Synoma to the hundreds of unique data sets available through Datavant.
By leveraging best-in-class de-identification and integration with Symphony Health’s proprietary Synoma engine, customers will be able to connect, expand and analyze all relevant data types – electronic health records, medical and pharmacy claims, diagnostic lab datasets, demographics, and information from patient wearables and sensors collected during clinical trials. Leveraging these integrated data sets, customers can then build bespoke, fit-for-purpose data assets, custom data strategies and develop unique insights for their business with support from PRA and Symphony data experts.
http://mrem.bernama.com/viewsm.php?idm=36934
Thursday 12 March 2020
WOMEN PROFESSIONALS NEED EQUAL AND BALANCED OPPORTUNITIES TO PROGRESS AND FULFILL THEIR HIGHEST POTENTIAL
New ACCA report, Empowering the Advancement of Women in the Workplace, reveals critical gaps that limit women’s contributions and opportunities
KUALA LUMPUR, March 12 (Bernama) -- ACCA (the Association of Certified Chartered Accountants), in conjunction with the second anniversary of ACCA Malaysia’s Women’s Network* and the month of March where women all over the world are celebrated, unveiled the results of its Empowering the Advancement of Women in the Workplace Report which highlights prevailing attitudes, disparities and challenges faced by women professionals.
* The ACCA Malaysia Women’s Network was launched in 2018 to provide a platform for women members to network, share insights, offer support and create more opportunities for career advancements.
“Empowerment of women in the workplace is a cause that is highly relevant to ACCA Malaysia as women comprise 60% of our members, and we look forward to welcoming more. We also proudly acknowledge that the achievements of women leaders locally and around the world are significant contributors to economic and social development. This report underscores the importance of taking concrete steps to be more supportive and inclusive so that more women can achieve their full potential; in this way we can create a more diverse business environment that adds value to the nation,” said Datuk Alexandra Chin, former ACCA President and Chair of ACCA Malaysia’s Women’s Network.
Key findings from the ACCA Malaysia Empowering the Advancement of Women in the Workplace Report were:
Gender disparity increases at more senior roles – While recruitment of new staff is perceived as being gender neutral with regard to salaries, benefits and career opportunity development, distinct gender disparity was noticed as talents progressed in seniority, with the gap widening at higher levels of management.
Pervasive gap between perception of men and women on initiatives needed to support women’s career advancement – Far fewer men than women believe that female employees face any gender-based inequality at work. Given that most people in senior leadership roles are still men, it’s difficult to see how gender parity can be accelerated when many of those in positions of influence do not see any inequality. Women placed more importance on initiatives such as flexible working arrangement (80% vs 60%), supportive Immediate Superior (73% vs 59%), career development opportunities (72% vs 59%), competitive wage and other financial benefit (67% vs 44%) and a good maternity leave policy (65% vs 50%)
Women who have taken a career break face difficulty in reentering the workforce – The majority of women (80%) who take a career break do so to raise a family (41%) or to have better work-life balance (39%). Most career breaks lasted less than a year but a significant proportion (38%) faced difficulties in their attempts to re-enter the workforce.
Sexual harassment is common and few companies have sufficient channels or formal mechanisms for reporting such incidents – One out of 4 women (25%) have experienced or witnessed sexual harassment in the workplace. Only 43% of the respondents’ organisations have policies on sexual harassment.
Women face the same challenges at every stage of career – The top three barriers are family commitments, inflexible work arrangements and a male-dominated environment.
The report concluded with recommendations from a roundtable comprising of CEOs, HR Leaders, Senior Finance Leaders and Senior Government representatives. Their recommendations were:
• Improve the design and availability of Flexible Work Arrangements (FWA). Establish FWA for both men and women to allow more equal distribution of family responsibilities
• Redesign renumeration packages to fit different working arrangements
KUALA LUMPUR, March 12 (Bernama) -- ACCA (the Association of Certified Chartered Accountants), in conjunction with the second anniversary of ACCA Malaysia’s Women’s Network* and the month of March where women all over the world are celebrated, unveiled the results of its Empowering the Advancement of Women in the Workplace Report which highlights prevailing attitudes, disparities and challenges faced by women professionals.
* The ACCA Malaysia Women’s Network was launched in 2018 to provide a platform for women members to network, share insights, offer support and create more opportunities for career advancements.
“Empowerment of women in the workplace is a cause that is highly relevant to ACCA Malaysia as women comprise 60% of our members, and we look forward to welcoming more. We also proudly acknowledge that the achievements of women leaders locally and around the world are significant contributors to economic and social development. This report underscores the importance of taking concrete steps to be more supportive and inclusive so that more women can achieve their full potential; in this way we can create a more diverse business environment that adds value to the nation,” said Datuk Alexandra Chin, former ACCA President and Chair of ACCA Malaysia’s Women’s Network.
Key findings from the ACCA Malaysia Empowering the Advancement of Women in the Workplace Report were:
Gender disparity increases at more senior roles – While recruitment of new staff is perceived as being gender neutral with regard to salaries, benefits and career opportunity development, distinct gender disparity was noticed as talents progressed in seniority, with the gap widening at higher levels of management.
Pervasive gap between perception of men and women on initiatives needed to support women’s career advancement – Far fewer men than women believe that female employees face any gender-based inequality at work. Given that most people in senior leadership roles are still men, it’s difficult to see how gender parity can be accelerated when many of those in positions of influence do not see any inequality. Women placed more importance on initiatives such as flexible working arrangement (80% vs 60%), supportive Immediate Superior (73% vs 59%), career development opportunities (72% vs 59%), competitive wage and other financial benefit (67% vs 44%) and a good maternity leave policy (65% vs 50%)
Women who have taken a career break face difficulty in reentering the workforce – The majority of women (80%) who take a career break do so to raise a family (41%) or to have better work-life balance (39%). Most career breaks lasted less than a year but a significant proportion (38%) faced difficulties in their attempts to re-enter the workforce.
Sexual harassment is common and few companies have sufficient channels or formal mechanisms for reporting such incidents – One out of 4 women (25%) have experienced or witnessed sexual harassment in the workplace. Only 43% of the respondents’ organisations have policies on sexual harassment.
Women face the same challenges at every stage of career – The top three barriers are family commitments, inflexible work arrangements and a male-dominated environment.
The report concluded with recommendations from a roundtable comprising of CEOs, HR Leaders, Senior Finance Leaders and Senior Government representatives. Their recommendations were:
• Improve the design and availability of Flexible Work Arrangements (FWA). Establish FWA for both men and women to allow more equal distribution of family responsibilities
• Redesign renumeration packages to fit different working arrangements
• Provide more equitable leadership and sponsorship programmes to enable opportunities for advancement
• Redesign government policies and incentives to attract and retain women professionals in the workforce
• Develop clear framework and separate legislation to deal more effectively with reports of sexual harassment
“Around the world, ACCA calls for women as well as men to challenge their preconceptions and define their own route to success by learning to acknowledge their own efforts and accomplishments. In this way, we take greater control of our career, so we can make good decisions that shape our future and drive us towards the goals we envision for ourselves,” said Edward Ling, Country Head of ACCA Malaysia.
SOURCE: ACCA Malaysia
Wednesday 11 March 2020
MOODY'S OFFERING CORONAVIRUS CREDIT AND ECONOMIC RESEARCH FREE TO THE PUBLIC
NEW YORK, March 10 (Bernama-BUSINESS WIRE) -- Moody’s Corporation (NYSE:MCO) is now offering its research and views on the credit and economic impact of the coronavirus (COVID-19) via a dedicated website, available to the public at moodys.com/coronavirus. Updated on an ongoing basis, the site brings together insights from across the company, providing a resource for market participants to better understand the financial implications of the outbreak. The full content on the site, including access to Moody’s webinars relating to COVID-19, is available to the public free of charge.
“We recognize that during times of intense market volatility and uncertainty, comprehensive and timely information is imperative,” says Rob Fauber, Chief Operating Officer of Moody’s Corporation. “Moody’s mission is to provide trusted insights and standards that help decision makers act with confidence. To that end, we are providing access to Moody’s economic and credit resources to help our stakeholders around the world address the uncertain situation related to COVID-19.”
Moody’s has published over 100 reports and other content on the impact of COVID-19, on issuers and market sectors and geographies, including analysis from both Moody’s Investors Service and Moody’s Analytics.
The following are among the many publications available on the website:
· COVID-19 Pandemic Scenario: Known Unknowns – Moody’s Analytics Economic Research
· Accounting Spotlight: Financial Reporting and the Coronavirus – Moody’s Investors Service
· Aircraft Lessors: Outlook Revised to Stable from Positive on Coronavirus-driven Business Disruption – Moody’s Investors Service
· Peak Uncertainty: The Possible Effect of COVID-19 on US Multifamily and Commercial Real Estate – Moody’s Analytics REIS
ABOUT MOODY’S CORPORATION
Moody’s (NYSE:MCO) is a global integrated risk assessment firm that empowers organizations to make better decisions. Our data, analytical solutions and insights help decision-makers identify opportunities and manage the risks of doing business with others. We believe that greater transparency, more informed decisions, and fair access to information open the door to shared progress. With over 11,000 employees in more than 40 countries, Moody’s combines international presence with local expertise and over a century of experience in financial markets. Learn more at moodys.com/about.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20200309005855/en/
Contact
SHIVANI KAK
Investor Relations
+1 212-553-0298
Shivani.kak@moodys.com
MICHAEL ADLER
Corporate Communications
+1 212-553-4667
Michael.adler@moodys.com
Source : Moody's Corporation Investor Relations
--BERNAMA
“We recognize that during times of intense market volatility and uncertainty, comprehensive and timely information is imperative,” says Rob Fauber, Chief Operating Officer of Moody’s Corporation. “Moody’s mission is to provide trusted insights and standards that help decision makers act with confidence. To that end, we are providing access to Moody’s economic and credit resources to help our stakeholders around the world address the uncertain situation related to COVID-19.”
Moody’s has published over 100 reports and other content on the impact of COVID-19, on issuers and market sectors and geographies, including analysis from both Moody’s Investors Service and Moody’s Analytics.
The following are among the many publications available on the website:
· COVID-19 Pandemic Scenario: Known Unknowns – Moody’s Analytics Economic Research
· Accounting Spotlight: Financial Reporting and the Coronavirus – Moody’s Investors Service
· Aircraft Lessors: Outlook Revised to Stable from Positive on Coronavirus-driven Business Disruption – Moody’s Investors Service
· Peak Uncertainty: The Possible Effect of COVID-19 on US Multifamily and Commercial Real Estate – Moody’s Analytics REIS
ABOUT MOODY’S CORPORATION
Moody’s (NYSE:MCO) is a global integrated risk assessment firm that empowers organizations to make better decisions. Our data, analytical solutions and insights help decision-makers identify opportunities and manage the risks of doing business with others. We believe that greater transparency, more informed decisions, and fair access to information open the door to shared progress. With over 11,000 employees in more than 40 countries, Moody’s combines international presence with local expertise and over a century of experience in financial markets. Learn more at moodys.com/about.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20200309005855/en/
Contact
SHIVANI KAK
Investor Relations
+1 212-553-0298
Shivani.kak@moodys.com
MICHAEL ADLER
Corporate Communications
+1 212-553-4667
Michael.adler@moodys.com
Source : Moody's Corporation Investor Relations
--BERNAMA
Tuesday 10 March 2020
OPERATIONAL GUIDELINE NO. 1/2020: PROCEDURE ON SUBMISSION OF AMENDED RETURN FORM
KUALA LUMPUR, March 10 (Bernama) -- The Inland Revenue Board of Malaysia (IRBM) would like to inform that the Operational Guideline No. 1 Of The Year 2020 regarding the Procedure on Submission of Amended Return Form (ARF) has been uploaded to the IRBM Official Portal as a reference and guide for taxpayers.
This guideline can be accessed and downloaded as follows:
www.hasil.gov.my > Home Page > Legislation > Operational Guidelines > Procedure on Submission of Amended Return Form
For quick access, click at the following link:
http://lampiran2.hasil.gov.my/pdf/pdfam/GPO_1_2020_2.pdf
This guideline revokes the Operational Guidelines No. 4 of the Year 2019 issued on 30th August 2019.
For further enquiries, please visit the official portal of IRBM at www.hasil.gov.my or contact Hasil Care Line (HCL) at 03-8911 1000 or 603-8911 1100 (overseas).
Issued by:
Communications Division | Chief Executive Officer Office
Inland Revenue Board of Malaysia
Date: 10 March 2020
SOURCE : Inland Revenue Board of Malaysia
This guideline can be accessed and downloaded as follows:
www.hasil.gov.my > Home Page > Legislation > Operational Guidelines > Procedure on Submission of Amended Return Form
For quick access, click at the following link:
http://lampiran2.hasil.gov.my/pdf/pdfam/GPO_1_2020_2.pdf
This guideline revokes the Operational Guidelines No. 4 of the Year 2019 issued on 30th August 2019.
For further enquiries, please visit the official portal of IRBM at www.hasil.gov.my or contact Hasil Care Line (HCL) at 03-8911 1000 or 603-8911 1100 (overseas).
Issued by:
Communications Division | Chief Executive Officer Office
Inland Revenue Board of Malaysia
Date: 10 March 2020
SOURCE : Inland Revenue Board of Malaysia
Legendary Maverick Hunter, Zero, available in new TEPPEN expansion 'Haunted by Memories'
KUALA LUMPUR, March 9 -- GungHo Online Entertainment has announced that the Maverick Hunter, Zero, from the Mega Man X series will join TEPPEN as one of the game’s playable Heroes.
According to a statement, Zero is now available in TEPPEN’s latest expansion, ‘Haunted by Memories’ which focuses on the haunted past of several memorable characters from Capcom’s rich history and introduces the new ability, ‘Memory’.
Memory allows a card’s abilities to change if the number of Action Cards used during the match is equal to or greater than the specified number.
The ‘Haunted by Memories’ expansion is jam packed with over 100 new cards that will add a new variety of exciting gameplay.
Zero will have three new Hero Arts namely, Fight Against Inner Demons, Rakuhouha and Tenkuuha.
To celebrate the new Hero and expansion, TEPPEN will have a new login bonus that includes ‘Haunted by Memories’ Pack Tickets. More details at https://teppenthegame.com/en/
-- BERNAMA
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