KUALA LUMPUR, Oct 30 -- The Takara Belmont Corporation has released corporate purpose for its next 100 years as well as a logo commemorating the centenary of its founding next year, as the company marked its 99th anniversary this month.
“Looking ahead towards the next 100 years, we are delighted to continue to serve the future of our clientele, industry, and society as a whole in leading beautiful and fulfilling lives,” said Chairman and Chief Executive Officer, Hidetaka Yoshikawa in a statement.
As it looks ahead to the next 100 years, Takara Belmont is determined to promote corporate management based on its newly established corporate purpose and strive to help create a society in which customers in its target industries as well as people in the world are filled with joy of being beautiful.
As it commemorates the centenary of its founding in 2021, Takara Belmont has defined in its corporate purpose how the company should aim to contribute to society over the next 100 years.
The commemorative logo symbolises a close relationship between people and goods the company produces and sells by likening the letter ‘t’ in ‘100th anniversary’ to a person and ‘h’ to a chair, which is one of the company's products.
Meanwhile, the ‘person’ in the logo points further beyond the figure ‘100’ to show the direction of the company over the next 100 years. The Takara Belmont group will use this logo in its publicity campaigns, beginning this month until September 2022.
Founded in the western Japan city of Osaka in 1921, Takara Belmont has developed, produced and sold hair salon equipment, professional hair cosmetic products for the hairdressing industry, and dental and medical equipment for the medical field.
The products sold overseas include hair salon equipment brand-named, ‘Takara Belmont’; hair salon-exclusive professional cosmetic products, ‘LebeL’ and ‘ESTESSiMO’; and dental and medical equipment, ‘Belmont’.
More details at https://www.takarabelmont.co.jp/global/
-- BERNAMA
Friday 30 October 2020
Rajiv Dingra launches global transformation network powered by deep tech, gig economy
 |
| Rajiv Dingra, Founder & CEO, RD&X Network |
KUALA LUMPUR, Oct 30 -- Rajiv Dingra, who previously was Founder and Chief Executive Officer of WATConsult, a digital agency part of global network Dentsu International, has launched his latest entrepreneurial venture, RD&X Network.
It is a deep-tech network that will drive brand, business, media and data transformation helping businesses globally become real-time, disruptive and thereby achieve exponential growth.
RD&X Network endeavours to leverage the impending deep tech and business model disruption across marketing, advertising, media and business consulting with its unique transformational offerings.
According to a statement, an initial corpus of US$10 million has been committed for its organic and inorganic growth worldwide. (US$1 = RM4.157)
Aiming to be a geography agnostic and remote-first company, its expansion plans include strategic acquisitions and investments in early-stage companies in areas of deep tech, gig economy, mar-tech and ad-tech.
Parallelly, inhouse flagship solutions are also currently under development.
While the India hub will serve as a global capability centre powering shared services and technology, there will be three international hubs in the US, EMEA and SEA, respectively.
These hubs will function as centres of excellence offering brand, business, media and data transformation services.
RD&X Network is currently in advanced stages of discussion with multiple disruptive early-stage companies in each of these markets to join the network and plans to be fully operational across global markets by end of Q2 2021.
-- BERNAMA
AlumaSafway bags SCSA Constructing Safety Leadership Award
KUALA LUMPUR, Oct 30 -- AlumaSafway, a BrandSafway company, has been named a 2020 Constructing Safety Leadership Award winner by the Saskatchewan Construction Safety Association (SCSA).
These annual awards recognise the most successful safety companies and leaders among SCSA’s members, based on their significant achievements in safety leadership and excellent safety practices during the prior year (2019).
“This award demonstrates our commitment to continually raising the bar and leading our industry in safety,” said BrandSafway Global Environmental Health and Safety vice-president, Steve Wilson.
“I would like to take this opportunity to thank the SCSA for their partnership and to congratulate Justin Lasnier, the regional safety manager, Don Black, Saskatchewan branch manager, and all of our dedicated trades workers in Saskatchewan for this outstanding achievement.”
The SCSA is an industry-funded, membership-based non-profit organisation that provides safety training and advice to employers and employees in the construction industry throughout the province.
Serving almost 10,000 member companies, the SCSA vision is to create the safest construction environment in Canada, according to a statement.
More details at www.AlumaSafway.com.
-- BERNAMA
These annual awards recognise the most successful safety companies and leaders among SCSA’s members, based on their significant achievements in safety leadership and excellent safety practices during the prior year (2019).
“This award demonstrates our commitment to continually raising the bar and leading our industry in safety,” said BrandSafway Global Environmental Health and Safety vice-president, Steve Wilson.
“I would like to take this opportunity to thank the SCSA for their partnership and to congratulate Justin Lasnier, the regional safety manager, Don Black, Saskatchewan branch manager, and all of our dedicated trades workers in Saskatchewan for this outstanding achievement.”
The SCSA is an industry-funded, membership-based non-profit organisation that provides safety training and advice to employers and employees in the construction industry throughout the province.
Serving almost 10,000 member companies, the SCSA vision is to create the safest construction environment in Canada, according to a statement.
More details at www.AlumaSafway.com.
-- BERNAMA
Wednesday 28 October 2020
Employee welfare, inclusion important for purpose driven sustainability agenda
KUALA LUMPUR, Oct 27 -- The Coronavirus pandemic has propelled organisations to redefine what purpose means for their business, according to global market research company, Euromonitor International.
In its report, Rethinking Sustainability: No Purpose, No Gain, one in eight businesses did not provide sick paid leave to employees, and only 3.2 per cent offered childcare support to their workforce, amid a global economic recession.
This illustrates the need for businesses to move away from a traditional ‘for-profit’ approach by putting people at the heart of their purpose, according to a statement.
Insights from the report show that business engagement with the Sustainable Development Goal ‘Decent work and economic growth’ (SDG8) increased by 6.7 per cent after the outbreak, the highest of all SDGs.
As a result, 39 per cent of businesses plan to invest in employee health and welfare to prevent similar public health risks, while 71 per cent intend to expand remote working, flexible hours and promote work-life balance.
Social purpose has also been brought to the fore with ‘Reduced inequality’ (SDG10) which increased by 1.4 per cent this year, the fourth highest of all SDGs.
In addition, focusing on the inclusion of society at large, alongside environmental concerns such as climate change, will be key to embrace a purpose driven transformation.
-- BERNAMA
NTTVC, NTT US$500 million fund helps startups achieve rapid global scale
KUALA LUMPUR, Oct 27 -- An independent venture capital firm, NTTVC has publicly announced its US$500 million fund to help startups reach rapid global scale by harnessing the power of partnership. (US$1 = RM4.162)
The firm also announced investments in five startups, delivering impactful innovations for businesses and consumers - Celona, Eko, nference, Shoreline and UDP Labs.
According to a statement, NTTVC was founded by entrepreneur and investor, Vab Goel, in collaboration with global technology service provider, NTT.
NTTVC invests broadly across all stages and sectors, with emphasis on the future of enterprise, digital health and innovations powered by AI, machine learning and data.
By combining deep relationships of its investment team with NTT reach, the firm offers access to a robust network of industry experts, customers, entrepreneurs, business leaders, system integrators and service providers who can help startups make better decisions, more quickly.
By partnering with Goel to form a returns-driven venture capital fund, NTT deepens its commitment to building long-term relationships in the entrepreneurial ecosystem.
In turn, NTTVC portfolio companies have the choice and opportunity to sell to, through and with NTT to help scale their businesses.
-- BERNAMA
International Forum on Zero Trans-Fat Oil takes off in Shanghai
KUALA LUMPUR, Oct 27 -- The International Forum on Zero Trans-Fat Oil was recently organised by the Grease Branch of the Chinese Cereals and Oils Association and Yihai Kerry Group in Shanghai, China.
Co-organised by oil provider Arawana Sunshine, the event was in response to the Chinese food sector to WHO's REPLACE action package, as the emergence of trans-fat-free cooking oils indicates China is about to enter the 5G oil era.
According to a statement, WHO estimates that annually, trans-fat intake results in over 500,000 deaths caused by cardiovascular diseases.
WHO expert, Professor Jennifer Coates said at the forum: “More than 40,000 Chinese per one million of the population are at risk from intake of trans-fatty acids (TFA).”
Based on the report Risk Assessment of Dietary Trans-Fatty Acids Intake in the Chinese Population released in 2012, about half the TFA intake of Chinese people in large cities came from cooking oils.
Thus, Yihai Kerry Group has invested more than 200 million yuan in systematic and comprehensive research into green processing technology with precision and moderation factored in, and accelerated it into industrial application. (100 yuan = RM62.12)
In addition, the company has launched the healthy oil era of Arawana Sunshine Zero Trans-Fat Vegetable Oils, whereby currently Arawana Sunshine has marketed corn oil, sunflower seed oil, canola oil and soybean oil under the Sunshine brand.
Arawana is pursuing a new international path with its Sunshine Zero Trans-Fat Vegetable Oils to implement the REPLACE action package and offer more dining options for Chinese people.
-- BERNAMA
UPDATE - NEW CRYPTOCURRENCY MINING ERA WITH ASICLINE
TOKYO, Oct 28 (Bernama-GLOBE NEWSWIRE) -- ASICLine ( https://asicline.com ) has recently pioneered a new era in the world of cryptocurrency mining with the official launch of its two miners FirstLine and PowerBox. These advanced range of 5nm ASIC miners make crypto mining simple, affordable, and profitable like never before, with several features that are unheard of in the industry.
Hash rate and power consumption are the two key parameters determining the profitability of cryptocurrency mining. In both these fronts, FirstLine and PowerBox beats all other available products hands down. Naturally, within the current level of mining difficulty, the profit making potential of these two products is higher compared to any other product.
Hash Rate and Power Consumption:
· FirstLine: Bitcoin 410 TH/s, Litecoin 60 GH/s, Ethereum 8 GH/s, and Monero 3 MH/s, and 650 W power consumption.
· PowerBox: Bitcoin 1250 TH/s, Litecoin 180 GH/s, Ethereum 24 GH/s, and Monero 9 MH/s, and 1800 W power consumption.
Power consumption of 650 W and 1,800 W respectively, for FirstLine and PowerBox.
Profit per Month:
· FirstLine: $960 (Bitcoin), $4,152 (Litecoin), $6,345 (Ethereum), and $7,071 (Monero)
· PowerBox: $2,942 (Bitcoin), $12.4K (Litecoin), $19 K (Ethereum), and $21.1 K ( Monero )
Easy to Use: Users are just required to plug in, and connect to the internet through Wi-Fi or cable, enter the pool data or select ASICLine pool, which has 0 % fee, and insert wallet address and start mining. No prior knowledge in IT or mining is required.
“The global lockdown has deprived millions of people from their livelihood and we are happy to create a profitable work-for-home opportunity for all through ASICLine,” said ASICLine CEO Martin Muller.
To find out more, visit https://asicline.com/
About ASICLine: ASICLine was founded by a team comprising of multiple investors dedicated to bringing the latest ASIC technology miners to the market before the so-called technology giants use them for a long time for their own profit and dump them on the market when they are no longer profitable. Whenever a new generation of ASIC is available, ASICLine is committed to bringing it to the public for a price they can afford. The company is now offering an advanced range of ASIC miners with guaranteed profitability.
Haya Sato
press@asicline.com
+81 (050) 5806-9615
SOURCE: ASICLine, Inc.
--BERNAMA
Hash rate and power consumption are the two key parameters determining the profitability of cryptocurrency mining. In both these fronts, FirstLine and PowerBox beats all other available products hands down. Naturally, within the current level of mining difficulty, the profit making potential of these two products is higher compared to any other product.
Hash Rate and Power Consumption:
· FirstLine: Bitcoin 410 TH/s, Litecoin 60 GH/s, Ethereum 8 GH/s, and Monero 3 MH/s, and 650 W power consumption.
· PowerBox: Bitcoin 1250 TH/s, Litecoin 180 GH/s, Ethereum 24 GH/s, and Monero 9 MH/s, and 1800 W power consumption.
Power consumption of 650 W and 1,800 W respectively, for FirstLine and PowerBox.
Profit per Month:
· FirstLine: $960 (Bitcoin), $4,152 (Litecoin), $6,345 (Ethereum), and $7,071 (Monero)
· PowerBox: $2,942 (Bitcoin), $12.4K (Litecoin), $19 K (Ethereum), and $21.1 K ( Monero )
Easy to Use: Users are just required to plug in, and connect to the internet through Wi-Fi or cable, enter the pool data or select ASICLine pool, which has 0 % fee, and insert wallet address and start mining. No prior knowledge in IT or mining is required.
“The global lockdown has deprived millions of people from their livelihood and we are happy to create a profitable work-for-home opportunity for all through ASICLine,” said ASICLine CEO Martin Muller.
To find out more, visit https://asicline.com/
About ASICLine: ASICLine was founded by a team comprising of multiple investors dedicated to bringing the latest ASIC technology miners to the market before the so-called technology giants use them for a long time for their own profit and dump them on the market when they are no longer profitable. Whenever a new generation of ASIC is available, ASICLine is committed to bringing it to the public for a price they can afford. The company is now offering an advanced range of ASIC miners with guaranteed profitability.
Haya Sato
press@asicline.com
+81 (050) 5806-9615
SOURCE: ASICLine, Inc.
--BERNAMA
Tuesday 27 October 2020
2 ASICLine miners grab global investor attention, create surefire investment
KUALA LUMPUR, Oct 26 -- ASICLine has quickly grabbed the attention of global crypto investors since the recent launch of its miners, FirstLine and PowerBox.
The two 5nm ASIC miners have been designed to create a surefire investment opportunity for all crypto mining enthusiasts, regardless of their knowledge and expertise.
In order to ensure fastest return on investment, these products offer lightning fast hash rate as well as maximum energy efficiency.
According to a statement, FirstLine offers hash rates of 410 TH/s, 60 GH/s, 15 GH/s, and 3 MH/s for Bitcoin, Litecoin, Ethereum, and Monero, respectively.
These figures are even more impressive for PowerBox; 1250 TH/s, 180 GH/s, 45 GH/s, and 9 MH/s, in the same order.
The power consumptions for these two units are 650 W and 1800 W, respectively. More details at https://asicline.com/
-- BERNAMA
Monday 26 October 2020
Hong Kong’s DSI Credit Ratings affirmed excellent - AM Best
KUALA LUMPUR, Oct 26 -- AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of ‘a-’ of Dah Sing Insurance Company (1976) Limited (DSI) Hong Kong.
The outlook of these Credit Ratings (ratings) was stable, said the global credit rating agency in a statement.
The ratings reflect DSI’s balance sheet strength, which AM Best categorised as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.
The ratings also reflect the parental support from Dah Sing Financial Holdings Limited in terms of capital, brand recognition, business development, product distribution, risk management and operations.
AM Best expects DSI’s risk-adjusted capitalisation, as measured by Best’s Capital Adequacy Ratio, to remain at the strongest level and supportive of the anticipated increases in asset and underwriting risks from business expansion over the short to intermediate term.
DSI has consistently delivered a profitable operating performance over the past five years, mainly driven by its favourable investment results, albeit partially offset by the relatively marginal and volatile underwriting performance.
As a small to medium-sized player in Hong Kong’s non-life insurance segment, DSI maintained a market share of approximately one per cent, with a gross written premium of HKD 557.5 million (US$71.6 million) in 2019. (US$1 = RM4.15)
Going forward, the company intends to diversify its underwriting portfolio by expanding inward reinsurance business, in particular in the casualty and financial lines, as well as direct business in the individual accident and health segment.
-- BERNAMA
The outlook of these Credit Ratings (ratings) was stable, said the global credit rating agency in a statement.
The ratings reflect DSI’s balance sheet strength, which AM Best categorised as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.
The ratings also reflect the parental support from Dah Sing Financial Holdings Limited in terms of capital, brand recognition, business development, product distribution, risk management and operations.
AM Best expects DSI’s risk-adjusted capitalisation, as measured by Best’s Capital Adequacy Ratio, to remain at the strongest level and supportive of the anticipated increases in asset and underwriting risks from business expansion over the short to intermediate term.
DSI has consistently delivered a profitable operating performance over the past five years, mainly driven by its favourable investment results, albeit partially offset by the relatively marginal and volatile underwriting performance.
As a small to medium-sized player in Hong Kong’s non-life insurance segment, DSI maintained a market share of approximately one per cent, with a gross written premium of HKD 557.5 million (US$71.6 million) in 2019. (US$1 = RM4.15)
Going forward, the company intends to diversify its underwriting portfolio by expanding inward reinsurance business, in particular in the casualty and financial lines, as well as direct business in the individual accident and health segment.
-- BERNAMA
BRAND SALES DOUBLE AMID PANDEMIC WITH SHOPBACK AND SHOPEE MARKETING SOLUTIONS
Demand for Dettol products such as disinfectant sprays, antiseptic liquid, and hand sanitisers increase as local Covid-19 cases continue to climb
KUALA LUMPUR, Oct 26 (Bernama) -- Based on data from ShopBack Malaysia, despite the weakening economic outlook, over 60 brands with Shopee Official Stores have on average experienced more than twofold increase in sales through ShopBack over the last three months. This has been made possible with Shopee Affiliate Marketing Solutions (AMS), via a partnership inked between Shopee and ShopBack Malaysia that set to amplify brands growth through a targeted marketing and stackable shopper incentive approach.
With AMS, brands on Shopee can list their store on ShopBack and offer cashback directly to more than 3 million ShopBack users in Malaysia. ShopBack users can now enjoy more savings through a higher cashback rate (existing Shopee cashback + additional up to 13% brand store cashback) on top of existing platform offers, seller discounts, and free shipping vouchers.
Popular categories and brands include Health & Beauty brands such as Dettol, Grafen, Maybelline, and Unilever; Mom & Baby brands such as Anmum, Enfagrow, and Fernleaf; Home & Living brands such as 3M, Tefal, and Trapo; as well as Gadgets and Accessories brands such as Anker, Aukey, and Belkin.
During mega sales days such as 9.9 and 10.10, ShopBack Malaysia drove on average around 20x increase in sales for Shopee brands via AMS compared to a normal day, with the highest record of more than 250x sales uplift experienced by a beauty and skincare brand, Wardah, through their Shopee Official Store listed on ShopBack.
“We are motivated by the fruitful outcome that has resulted from this partnership with Shopee. 2020 has not been an easy year, and it is especially meaningful for us to be able to contribute to brands’ sales and users’ savings during this difficult time. Many brands are looking to digitally transform their business during this pandemic, and through AMS, we are helping brands to accelerate the growth of their e-commerce stores while bringing more value to consumers in the form of product discovery and savings,” said Eddy Han, Country General Manager of ShopBack Malaysia.
According to ShopBack Malaysia, it observed a shift in purchasing priority among users, where the top spending categories changed from Fashion and Home & Living during 9.9, to Mom & Baby and Health & Beauty during 10.10. Users were stocking up supplies such as milk powder, personal disinfectants, and sanitising products in view of the spike of local Covid-19 cases. For example, Dettol saw a 20x sales increase through its Shopee Official Store listed on ShopBack, with disinfectant sprays, antiseptic liquid, and hand sanitisers emerging as the best-selling products.
“The implementation of the movement control order has further accelerated the rate of e-commerce adoption - Malaysians are increasingly sourcing for products online and we detected a stronger purchasing trend from late September, when the number of reported cases in Malaysia reached three digits for several consecutive days,” Han shared.
With the Conditional Movement Control Order (CMCO) being implemented in Kuala Lumpur, Selangor, and Putrajaya, ShopBack expects online sales for these categories to remain strong till next month and beyond.
“Shoppers turn to ShopBack not only for the convenience of online shopping, but also for the additional savings they can get from stacking multiple incentives found on our platform. With the increasing demand in the market, we are confident of our ability to help AMS brands enhance their business performance and hit a new record in the upcoming mega sales, including 11.11, and more,” Han added.
Established in 2015, ShopBack Malaysia currently has over 3 million users and over 500 online merchants that reward its users with cashback across categories including Marketplace, Health & Beauty, Fashion, Travel, Food & Dining, Electronics, and Home & Living. To date, ShopBack Malaysia has helped its users save more than RM60 million in cashback on their online purchases. The cashback, upon validation, can be withdrawn to the user's selected bank account. For more information, visit https://www.shopback.my.
SOURCE : SHOPBACK MALAYSIA
Innovation key to travel recovery amid COVID-19 - Euromonitor International
KUALA LUMPUR, Oct 26 -- Euromonitor International will explore how innovation would be the key to kickstart travel recovery, as businesses try to bounce back while digitalisation and sustainability accelerates.
According to the global market research company in a statement, the report titled ‘Accelerating Travel Innovation after Coronavirus’ will be presented virtually at WTM London on Nov 9.
The travel industry is showing resilience, agility and strength in times of adversity, and innovation is a key vehicle for adapting to the new normal and moving towards recovery.
To create a safer environment for travellers, the use of AI and automation accelerated, reinventing the customer journey.
Virtual experiences became popular with European cities introducing ‘off the beaten path’ virtual tours led by locals; while contactless and self-service, now commonly used, are reinforced with stricter hygiene and social distancing measures.
“Globally, over a fifth of consumers consider permanently shifting away from international travel with the desire to reduce carbon emissions and stay closer to home,” said Euromonitor International head of travel research, Caroline Bremner.
“This message is reinforced in regions such as Scandinavia and Europe, where 65 per cent of travel businesses in the Nordics are implementing a sustainability strategy, 10 per cent higher than the global average.”
-- BERNAMA
Friday 23 October 2020
Seaborn, Infinera to launch submarine network services connecting US, Brazil
KUALA LUMPUR, Oct 21 -- Seaborn Networks (Seaborn), a leading developer-owner-operator of submarine fibre optic cable systems, and Infinera have announced the launch of new submarine network services on Seaborn’s AMX-1 submarine network segment connecting the United States (US) and Brazil.
Powered by Infinera’s XT Series submarine network platforms, featuring Infinera’s Infinite Capacity Engine technology, Seaborn’s new network boasts modernised architecture and industry-leading spectral efficiency.
This enables the company to optically bypass cable landing stations and reduce network costs, according to a statement.
Seaborn Engineering & Operations Vice-President, Paul Cannon said: “Our longstanding relationship with Infinera and this collaboration have enabled us to cost-efficiently address our customers’ growing capacity demands with reliable, low-latency solutions purpose-built for subsea transport.”
To address global bandwidth needs across the Americas, Seaborn operates two leading cable systems, Seabras-1 and AMX-1, both powered by Infinera solutions.
Seaborn’s AMX-1 cable system provides transport, Ethernet private line, and IP services on a geographically diverse path from its Seabras-1 cable, connecting Rio de Janeiro and Jacksonville, Florida, to offer its customers high-capacity, low-latency connectivity services.
More details at www.seabornnetworks.com.
-- BERNAMA
Manufacturing companies set to increase production localisation - Euromonitor International
KUALA LUMPUR, Oct 23 -- Around 30 per cent of manufacturing companies plan to increase production localisation efforts over the next six months to better shield from future risks, according to global market research company Euromonitor International.
The production localisation progress would make global supply and logistics chains shorter and provide new growth opportunities for North American and European suppliers, said in a statement.
In addition, changing economic conditions and consumer preferences will impact the manufacturing sector, which will have to adapt to the ‘new normal’.
The future of the global manufacturing industry will be defined by five key trends by 2025 including transition towards demand-driven supply chain; embracing digital solutions and automation; greater flexibility of supply chains; and, repurposing manufacturing capabilities.
Manufacturing companies are expected to invest more in a demand-driven supply chain model and greater flexibility in their facilities.
Meanwhile, around 50 per cent of companies plan to reshape their digital strategies and invest into e-commerce, while one-third of respondents from Euromonitor’s Voice of the Industry survey 2020 will accelerate investments into automation tools.
It is also stated that the manufacturing sector is predicted to transform supply chains in the next two to three years, by making them more localised and flexible, while companies will also look for new ways to utilise manufacturing capabilities outside of their primary industry.
-- BERNAMA
The production localisation progress would make global supply and logistics chains shorter and provide new growth opportunities for North American and European suppliers, said in a statement.
In addition, changing economic conditions and consumer preferences will impact the manufacturing sector, which will have to adapt to the ‘new normal’.
The future of the global manufacturing industry will be defined by five key trends by 2025 including transition towards demand-driven supply chain; embracing digital solutions and automation; greater flexibility of supply chains; and, repurposing manufacturing capabilities.
Manufacturing companies are expected to invest more in a demand-driven supply chain model and greater flexibility in their facilities.
Meanwhile, around 50 per cent of companies plan to reshape their digital strategies and invest into e-commerce, while one-third of respondents from Euromonitor’s Voice of the Industry survey 2020 will accelerate investments into automation tools.
It is also stated that the manufacturing sector is predicted to transform supply chains in the next two to three years, by making them more localised and flexible, while companies will also look for new ways to utilise manufacturing capabilities outside of their primary industry.
-- BERNAMA
Thursday 22 October 2020
Teledyne Imaging's new Z-Trak2 3D sensor family delivers up to 45,000 profiles per second
KUALA LUMPUR, Oct 21 -- Teledyne Imaging has launched Z-Trak™2, its newest family of 3D profile sensors, built on its 3D image sensor technology, ushering in a new era of 5GigE 3D profile sensors for high-speed, in-line 3D applications.
According to a statement, models deliver scan speeds of up to 45,000 profiles per second and features built-in HDR and reflection compensation algorithms to handle surfaces with varying degrees of reflectivity in a single scan.
This delivers in-line height measurements for inspection, detection, identification, and guidance in electronics, semiconductor, automotive and factory automation markets segments.
Offering 2,000 points per profile, all Z-Trak2 models are factory calibrated and offered with either blue or red eye safe lasers to suit various surface properties and operating environments.
All sensors are housed in IP67 enclosures for harsh environments and come bundled with Teledyne Imaging’s Sherlock 8 — a point-and-click, rapid application development software package.
In the same statement, Teledyne Imaging also introduced the Sapera Z-Expert with the release of Sapera LT SDK ver. 8.60. Z-Expert offers a graphical configuration environment for rapid set-up and configuration of the Z-Trak family of 3D profile sensors.
-- BERNAMA
Seaborn, Infinera to launch submarine network services connecting US, Brazil
KUALA LUMPUR, Oct 21 -- Seaborn Networks (Seaborn), a leading developer-owner-operator of submarine fibre optic cable systems, and Infinera have announced the launch of new submarine network services on Seaborn’s AMX-1 submarine network segment connecting the United States (US) and Brazil.
Powered by Infinera’s XT Series submarine network platforms, featuring Infinera’s Infinite Capacity Engine technology, Seaborn’s new network boasts modernised architecture and industry-leading spectral efficiency.
This enables the company to optically bypass cable landing stations and reduce network costs, according to a statement.
Seaborn Engineering & Operations Vice-President, Paul Cannon said: “Our longstanding relationship with Infinera and this collaboration have enabled us to cost-efficiently address our customers’ growing capacity demands with reliable, low-latency solutions purpose-built for subsea transport.”
To address global bandwidth needs across the Americas, Seaborn operates two leading cable systems, Seabras-1 and AMX-1, both powered by Infinera solutions.
Seaborn’s AMX-1 cable system provides transport, Ethernet private line, and IP services on a geographically diverse path from its Seabras-1 cable, connecting Rio de Janeiro and Jacksonville, Florida, to offer its customers high-capacity, low-latency connectivity services.
More details at www.seabornnetworks.com.
-- BERNAMA
COVID-19: Vonage unveils report on global customer engagement landscape
KUALA LUMPUR, Oct 22 -- Vonage, a global leader in cloud communications has released a new report, ‘COVID-19 Reshapes the Global Customer Engagement Landscape’.
The report details changing consumer preferences and behaviours and how businesses and service providers need to transform their customer engagement strategies to become more agile and adapt to changes driven by the COVID era.
Key findings demonstrate that the pandemic accelerated the adoption of newer communication channels while increasing fragmentation in channel preferences, especially in the ways that consumers interact with businesses and service providers.
To connect with consumers today, businesses must turn to less traditional channels and employ technology, such as APIs, that allow them the flexibility to embed programmable capabilities - voice, video, messaging and verification - directly into existing applications and workflows.
Since January, globally, there has been 140 per cent growth in the number of people who prefer to connect with businesses via video, according to a statement.
Video chat has also become a mainstream addition to people’s everyday lives, and U.S. adoption has experienced four years of growth in just seven months, with 43 per cent of Americans now video chatting with businesses regularly, up from 28 per cent in January.
In addition, emerging communication channels that saw an increase in preference include voice calls and messaging via social messaging apps, and chatbots. The communication channels that experienced a decrease in preference since January included landline phone calls, email, and SMS text messaging.
Organisations must always be agile and ready to adapt to changes in the market, but 2020 has made the call for agility even louder.
With lockdowns and social distancing likely to continue for the foreseeable future, organisations across all industries can successfully adapt to the new normal through the ability to deliver goods and services remotely.
-- BERNAMA
The report details changing consumer preferences and behaviours and how businesses and service providers need to transform their customer engagement strategies to become more agile and adapt to changes driven by the COVID era.
Key findings demonstrate that the pandemic accelerated the adoption of newer communication channels while increasing fragmentation in channel preferences, especially in the ways that consumers interact with businesses and service providers.
To connect with consumers today, businesses must turn to less traditional channels and employ technology, such as APIs, that allow them the flexibility to embed programmable capabilities - voice, video, messaging and verification - directly into existing applications and workflows.
Since January, globally, there has been 140 per cent growth in the number of people who prefer to connect with businesses via video, according to a statement.
Video chat has also become a mainstream addition to people’s everyday lives, and U.S. adoption has experienced four years of growth in just seven months, with 43 per cent of Americans now video chatting with businesses regularly, up from 28 per cent in January.
In addition, emerging communication channels that saw an increase in preference include voice calls and messaging via social messaging apps, and chatbots. The communication channels that experienced a decrease in preference since January included landline phone calls, email, and SMS text messaging.
Organisations must always be agile and ready to adapt to changes in the market, but 2020 has made the call for agility even louder.
With lockdowns and social distancing likely to continue for the foreseeable future, organisations across all industries can successfully adapt to the new normal through the ability to deliver goods and services remotely.
-- BERNAMA
Wednesday 21 October 2020
US-based Jefferies inks co-brand alliance with TISCO Securities in Thailand
KUALA LUMPUR, Oct 21 -- Jefferies recently established a co-brand alliance with TISCO Securities Company Limited for the cash equities business in Thailand.
Under the arrangement, Jefferies will distribute equity research on companies in Thailand produced by TISCO Securities on a co-branded basis to Jefferies’ global client base.
According to a statement, TISCO Securities will provide local equity brokerage services to Jefferies and its international clients.
The alliance with TISCO enhances Jefferies’ growing equities franchise in Asia and is another step in Jefferies’ long-term investment in the region.
Jefferies Asia President, Murray Wilson said: “We are pleased to join forces with TISCO Securities in our commitment to continuously improve and expand Jefferies’ longstanding equity research, sales and trading business with an emphasis on serving the needs of our global investor client base.”
Jefferies has similar agreements with several firms throughout Asia, including Mandiri Sekuritas in Indonesia, KAF Securities in Malaysia, JB Securities in Sri Lanka and Fubon Securities in Taiwan.
TISCO Securities Company Limited is a long established and leading equity brokerage house in Thailand. Its country-based team offers research, sales and trading, corporate access trading and execution services to global and local institutional clients.
Jefferies Group LLC is the largest independent, global, full-service investment banking firm headquartered in the United States. It is a wholly-owned subsidiary of Jefferies Financial Group Inc, a diversified financial services company.
-- BERNAMA
Under the arrangement, Jefferies will distribute equity research on companies in Thailand produced by TISCO Securities on a co-branded basis to Jefferies’ global client base.
According to a statement, TISCO Securities will provide local equity brokerage services to Jefferies and its international clients.
The alliance with TISCO enhances Jefferies’ growing equities franchise in Asia and is another step in Jefferies’ long-term investment in the region.
Jefferies Asia President, Murray Wilson said: “We are pleased to join forces with TISCO Securities in our commitment to continuously improve and expand Jefferies’ longstanding equity research, sales and trading business with an emphasis on serving the needs of our global investor client base.”
Jefferies has similar agreements with several firms throughout Asia, including Mandiri Sekuritas in Indonesia, KAF Securities in Malaysia, JB Securities in Sri Lanka and Fubon Securities in Taiwan.
TISCO Securities Company Limited is a long established and leading equity brokerage house in Thailand. Its country-based team offers research, sales and trading, corporate access trading and execution services to global and local institutional clients.
Jefferies Group LLC is the largest independent, global, full-service investment banking firm headquartered in the United States. It is a wholly-owned subsidiary of Jefferies Financial Group Inc, a diversified financial services company.
-- BERNAMA
Tuesday 20 October 2020
[INVNT GROUP]™ partners World Air League® to launch World Sky Race®
KUALA LUMPUR, Oct 20 -- [INVNT GROUP], THE GLOBAL BRANDSTORY PROJECT™ has entered into a strategic partnership with World Air League to launch World Sky Race, a world-first international race of airships for consumers, brands and countries that will fly over a live audience of more than two billion.
Launching in London in September 2023 and culminating in Paris in May 2024, the triennial World Sky Race will see up to 20 airships – which use 75 per cent less fuel than aeroplanes and do not require roads, harbours, railroads or runways – embark on an around-the-world expedition, landing at 17 iconic destination cities along the way.
The race will commence with an opening ceremony in London, followed by fly-overs and stops in Berlin, Rome, Cairo, Riyadh, Abu Dhabi and Dubai, New Delhi and Mumbai, Burma, Singapore, Bangkok, Tokyo, San Francisco, Los Angeles, Houston, New York, and finally, Paris.
In Paris, the final grand stage for centering the world’s attention, the event will culminate with a triumphal celebratory closing ceremony, where the historic winning airship team with the fastest cumulative time will be awarded a US$5 million cash prize. (US$1 = RM4.14)
[INVNT GROUP] is working with World Air League to raise awareness and build custom sponsor partnerships for the race. Its four brands – Folk Hero, Meaning, HEVĒ and INVNT are providing a combination of strategy, content, logistics and production support.
In a statement, [INVNT GROUP] President & Chief Executive Officer, Scott Cullather, said: "[INVNT GROUP] and World Air League are the perfect partners, because we’re both global, passionate about doing things differently, about doing good work, and about doing work that does good.”
More information on [INVNT GROUP], visit: www.invntgroup.com/
-- BERNAMA
Uniphore, NTT DATA sign multi-year deal to transform customer experience market
KUALA LUMPUR, Oct 20 -- In response to an increase in global demand for end-to-end customer service solutions, Uniphore and NTT DATA Services have entered into a definitive agreement to co-create new solutions to transform the customer experience market.
Based on internal projections and opportunities currently underway, this partnership could generate more than US$50 million in revenue over the next five years. (US$1 = RM4.14)
According to a statement, large enterprises will have access to a powerful platform with enhanced capabilities in intelligent automation, specifically suited for a new generation of contact centres.
With the agreement, NTT DATA will be able to take full advantage of Uniphore’s Conversational Service Automation platform and apply powerful capabilities and technology to improve both agent experience and performance.
Uniphore will be able to leverage NTT DATA’s IT and business transformation expertise to improve business outcomes including increasing productivity, lowering costs and transforming the overall end-to-end customer experience.
Uniphore chief executive officer and co-founder, Umesh Sachdev said: “Working side by side with an industry leader like NTT DATA creates the perfect combination of technology and services to solve customer issues in new and innovative ways, which enables both consumers and business to thrive.”
“With Uniphore technology, we can do that and more, by providing actionable insights through interactions analytics. We can empower agents with real-time agent assist and drive cognitive automation through virtual agents,” said NTT DATA Services, Dynamic Workplace Services and Business Process Outsourcing, Executive Vice-President, Tanvir Khan.
-- BERNAMA
Based on internal projections and opportunities currently underway, this partnership could generate more than US$50 million in revenue over the next five years. (US$1 = RM4.14)
According to a statement, large enterprises will have access to a powerful platform with enhanced capabilities in intelligent automation, specifically suited for a new generation of contact centres.
With the agreement, NTT DATA will be able to take full advantage of Uniphore’s Conversational Service Automation platform and apply powerful capabilities and technology to improve both agent experience and performance.
Uniphore will be able to leverage NTT DATA’s IT and business transformation expertise to improve business outcomes including increasing productivity, lowering costs and transforming the overall end-to-end customer experience.
Uniphore chief executive officer and co-founder, Umesh Sachdev said: “Working side by side with an industry leader like NTT DATA creates the perfect combination of technology and services to solve customer issues in new and innovative ways, which enables both consumers and business to thrive.”
“With Uniphore technology, we can do that and more, by providing actionable insights through interactions analytics. We can empower agents with real-time agent assist and drive cognitive automation through virtual agents,” said NTT DATA Services, Dynamic Workplace Services and Business Process Outsourcing, Executive Vice-President, Tanvir Khan.
-- BERNAMA
Linedata offers latest innovation, Asset Management Platform - AMP
Linedata offers latest innovation, Asset Management Platform - AMP: Linedata offers latest innovation, Asset Managemen
Monday 19 October 2020
Linedata offers latest innovation, Asset Management Platform - AMP
KUALA LUMPUR, Oct 19 -- Linedata, a global provider of credit and asset management technology, data and services, has unveiled its latest innovation, Asset Management Platform – Linedata AMP.
The dynamic suite of tools provides asset managers with an always-on approach to software, data and services by leveraging cloud technology to offer continuous integration and drive adaptability.
According to a statement, the rapidly changing nature of the asset management industry has increased the pressures to adapt to digital transformation, overcome regulatory hurdles, streamline business costs and meet the needs of a globalised customer base.
NETJETS ANNOUNCES OFFICIAL WORLDWIDE SUSTAINABILITY PROGRAM
The World’s Largest Private Aviation Company Commits to Carbon Offsetting Measures and Sustainable Fuel Purchase
Columbus, OH, Oct 16 (Bernama-GLOBE NEWSWIRE) -- COLUMBUS, OHIO (October 15, 2020) – NetJets today launches its expanded Global Sustainability Program, a commitment to reducing the environmental footprint of the brand and its Owners. As the leader in private aviation with more than 750 aircraft worldwide, NetJets’ position in the market comes with the responsibility to drive awareness and action for important issues industry-wide. As such, the brand is developing a multi-tiered program to address sustainability and continuing to examine all aspects of its business with environmental impact in mind.
NETJETS ANNOUNCES OFFICIAL WORLDWIDE SUSTAINABILITY PROGRAM
Columbus, OH, Oct 16 (Bernama-GLOBE NEWSWIRE) -- COLUMBUS, OHIO (October 15, 2020) – NetJets today launches its expanded Global Sustainability Program, a commitment to reducing the environmental footprint of the brand and its Owners. As the leader in private aviation with more than 750 aircraft worldwide, NetJets’ position in the market comes with the responsibility to drive awareness and action for important issues industry-wide. As such, the brand is developing a multi-tiered program to address sustainability and continuing to examine all aspects of its business with environmental impact in mind.
NETJETS ANNOUNCES OFFICIAL WORLDWIDE SUSTAINABILITY PROGRAM
Sunday 18 October 2020
BigSpring adds Frits van Paasschen, Hugo Bague to advisory board
KUALA LUMPUR, Oct 16 -- BigSpring, a mobile lifelong skilling platform, has appointed Frits van Paasschen and Hugo Bague, as advisers.
The appointments come as the impact of COVID-19 has mandated that organisations, large and small, retrain employees quickly and on the spot - something only BigSpring does, with measurable ROI.
“Frits brings vast global experience in hospitality and retail, today's most vulnerable sectors; Hugo has helped drive large upskilling programmes to navigate through automation,” said BigSpring Founder and Chief Executive Officer (CEO), Bhakti Vithalani.
“Their experience will ensure BigSpring continues to confront and solve today's largest challenges in reskilling and upskilling.”
Previously, Starwood Hotels & Resorts President and CEO, van Paasschen also held numerous executive roles at Nike, ultimately becoming its President of Europe, Middle East, and Africa.
Meanwhile, Bague is a seasoned global executive with experience in metals and mining, technology, advanced manufacturing and pharmaceuticals. From 2007-2017, he was the Group Executive Organisational Resources for Rio Tinto plc, a leading international metals and mining group.
BigSpring was recently designated a ‘Technology Pioneer’ in 2020 by the World Economic Forum, joining a select cohort of start-ups that are developing cutting-edge technologies and contributing greatly to improve the well-being of society and economic growth.
More details at https://bigspring.io.
-- BERNAMA
Wednesday 14 October 2020
Shandong's "Confucius Culture & Tourism Envoy" Program Promotes International Exchanges On Culture And Tourism
JINAN, China, Oct. 14, 2020 /Xinhua-AsiaNet/–
Shandong Provincial Department of Culture and Tourism will recruit 20,000 Confucius culture & tourism envoys from Chinese language learners and Chinese culture lovers all over the world, so as to promote the cultural and tourism-related brands such as “Make a Study Tour in Shandong” and “Find China in Shandong”.
To implement the “Confucius Culture & Tourism Envoy” Program (the Program), Shandong Provincial Department of Culture and Tourism has promoted the cultural and tourism resources of Shandong by editing and publishing HSK Leveled Readings (Level 1) – Shandong Chapter, developing test banks and test system for the Program, and organizing Chinese Bridge Chinese Proficiency Competition for Foreign College Students.
In cooperation with ChinesePlus, Shandong Provincial Department of Culture and Tourism invited dozens of Chinese cultural experts and international education specialists on Chinese language to compile HSK Leveled Readings (Level 1) – Shandong Chapter in six languages, making Shandong China’s first province to promote culture and tourism on the basis of the HSK Chinese proficiency test and locking the target populations of Chinese learners all over the world.
Chinese language lovers all over the world may take part in the activity by logging on the official website of “Confucius Culture & Tourism Envoy” or downloading the “Confucius Culture & Tourism Envoy” APP, or logging on https://meetconfucius.sdta.com to directly take part in the online test.
With a novel form, the test of the Program has drawn great attentions. It consists of eight passes. Guided by the animated Little Qilin, examinees need to fight their way through passes via videos integrating creative amination and live-action shooting.
In addition, information release and promotional activities are carried out by means of Chinese Bridge, the world’s largest Chinese proficiency competition. As of October 2020, the promotional activities have been carried out in 10 countries and regions including Colombia, UK, France, Germany, Australia, Japan, Malaysia, the Philippines, Kazakhstan, and Thailand, and such activities are further promoted by local mainstream media and embassies of the countries in China.
A variety of cultural and tourism promotion activities will be organized for the Program, helping the “envoys” to learn for free the online Chinese language course of the Great Wall Chinese, get the opportunities for taking part in the “Tour in Shandong for Experiencing the Chinese Language and Culture” after the COVID-19 pandemic, and to get a taste of the cultural charm of “Friendly Shandong”.
Fuji Television unveils 'Quiz Pinch Hitter', 'Idea Chef' shows worldwide
KUALA LUMPUR, Oct 13 -- Fuji Television Network Inc has announced its latest non-scripted format ‘Quiz Pinch Hitter’ and ‘Idea Chef’ at MIPCOM 2020 for international market distribution.
Working closely with legendary TV scriptwriter Yasushi Akimoto, who is behind Japanese pop group AKB48 to produce this non-scripted format, ‘Quiz Pinch Hitter’ is a completely new quiz show whereby, questions will be asked across topics such as video games, anime, math, food, and trivia which cannot be easily answered.
Contestants' networks of connections of friends and followers on social media are used to solve super difficult problems during live broadcast.
Meanwhile, ‘Idea Chef’ is a food battle show where an unimaginable unique recipe comes up. A first-class chef, popular cuisine YouTuber and a charismatic housewife battle in a serious cooking showdown using only ingredients announced on the spot.
Yuki Matsumoto (Producer of ‘Quiz Pinch Hitter’ and ‘Idea Chef’/Variety Production Department, Fuji TV) and Ryuji Komiya (Head of Format, Fuji TV) hoped the shows would be adapted locally in many countries, as both programmes' format could be easily adapted locally even in the current COVID-19 situation.
Fuji Television continues to maintain its status as an innovative leader in Japan's television industry since its establishment in 1959.
For details, visit https://www.fujitv.com/
-- BERNAMA
China’s Qingdao forum promotes global indepth marine cooperation
KUALA LUMPUR, Oct 14 -- East Asia Marine Cooperation Platform Qingdao Forum and Qingdao International Marine Week recently kicked off in Qingdao West Coast New Area, China.
According to a statement, global experts, scholars and elites as well as international organisations gathered online and offline to jointly promote indepth cooperation in the marine field.
The forum is hosted by the Ministry of Natural Resources and Shandong Provincial People's Government, organised by Qingdao Municipal People's Government and Shandong Port Group.
It consists of seven segments which were the main forum, four sub-fora, final of Global Marine Intelligent Tech Innovation and Entrepreneurship Contest and East Asia Marine Expo.
A total of 24 key projects have been signed at the forum, among which 12 are key industrial projects, covering 10 major industries and 12 projects led by high-level talents, involving over 250 talents in seven emerging strategic fields.
It is learned that the East Asia Marine Cooperation Platform is a prioritised promotion project in the national Belt and Road construction plan and a key promotion project in Shandong's initiative to replace old growth drivers with new ones.
Focusing on the platform construction, Qingdao West Coast New Area has hosted this forum for the fifth year running, attracting over 1,100 guests and more than 1,600 enterprises from 53 countries and regions.
Now, the East Asia Marine Cooperation Platform Qingdao Forum has become an important vehicle for promoting indepth cooperation between China, Japan, South Korea and Southeast Asian countries.
-- BERNAMA
According to a statement, global experts, scholars and elites as well as international organisations gathered online and offline to jointly promote indepth cooperation in the marine field.
The forum is hosted by the Ministry of Natural Resources and Shandong Provincial People's Government, organised by Qingdao Municipal People's Government and Shandong Port Group.
It consists of seven segments which were the main forum, four sub-fora, final of Global Marine Intelligent Tech Innovation and Entrepreneurship Contest and East Asia Marine Expo.
A total of 24 key projects have been signed at the forum, among which 12 are key industrial projects, covering 10 major industries and 12 projects led by high-level talents, involving over 250 talents in seven emerging strategic fields.
It is learned that the East Asia Marine Cooperation Platform is a prioritised promotion project in the national Belt and Road construction plan and a key promotion project in Shandong's initiative to replace old growth drivers with new ones.
Focusing on the platform construction, Qingdao West Coast New Area has hosted this forum for the fifth year running, attracting over 1,100 guests and more than 1,600 enterprises from 53 countries and regions.
Now, the East Asia Marine Cooperation Platform Qingdao Forum has become an important vehicle for promoting indepth cooperation between China, Japan, South Korea and Southeast Asian countries.
-- BERNAMA
Tuesday 13 October 2020
Chinese urban millennials, Generation Z live on smartphones in every aspect - report
KUALA LUMPUR, Oct 13 -- Millennials and Generation Z accounted for almost 40 per cent of the population in China last year, an important segment driving the Chinese consumer market, according to Euromonitor International.
The new report, ‘How China's Urban Millennials and Gen Z Live and Spend’ identified eight trends profiling Chinese urban millennials and Gen Z, according to the global market research company in a statement.
This includes Living on Smartphones, whereby Chinese urban millennials and Generation Z live on smartphones in every aspect of their lives, with M-commerce in China growing by 64 per cent in 2014-2019.
Chinese urban millennials, Generation Z live on smartphones in every aspect - report:
The new report, ‘How China's Urban Millennials and Gen Z Live and Spend’ identified eight trends profiling Chinese urban millennials and Gen Z, according to the global market research company in a statement.
This includes Living on Smartphones, whereby Chinese urban millennials and Generation Z live on smartphones in every aspect of their lives, with M-commerce in China growing by 64 per cent in 2014-2019.
Chinese urban millennials, Generation Z live on smartphones in every aspect - report:
Monday 12 October 2020
Ludovic Blanquet appointed smartTrade Chief Product and Strategic Planning Officer
KUALA LUMPUR, Oct 9 — Pioneer of multi-asset electronic trading solutions, smartTrade Technologies announced that Ludovic Blanquet has joined as Chief Product and Strategic Planning Officer.
“Drawing on his business leadership experience, Ludovic will provide fresh insights to our product priorities as we help our clients and the wider industry to further modernise capital markets technology,” said smartTrade Chief Executive Officer, David Vincent.
Reporting to Vincent, Blanquet brings 20 years of industry experience to the role and will support smartTrade to deliver world-class integrated eTrading solutions which capitalise on its market leading eFX LiquidityFX cloud offering.
According to a statement, Blanquet joins from Finastra where he was the Global Head of Product Strategy across its five lines of business. Prior to this, Blanquet built Credit Agricole APAC’s global equities trading platform and was APAC regional director for SmartStream.
Now based in London, Blanquet will lead a team of strategy and product managers responsible for designing and delivering on the future product roadmap in collaboration with smartTrade’s ecosystem of customers, partners and liquidity providers.
More details at www.smart-trade.net.
— BERNAMA
Sunday 11 October 2020
New name: Meggitt Training Systems becomes InVeris Training Solutions
KUALA LUMPUR, Oct 8 -- Meggitt Training Systems, the global leader in integrated live-fire and virtual weapons training solutions has announced its new name, InVeris Training Solutions, effective immediately.
“Over the past few months, we have undertaken a very thorough and thoughtful exercise to more closely align our name and brand with our values in service of safety,” said Vice-President of Strategy, Sales and Marketing, Andrea Czop.
“We’ve always backed our clients with quality products, proven innovations and dedicated support. We’ll continue to do that as we move ahead.”
The rebranding reflects the Company’s pride in standing behind the bravest, best-trained men and women worldwide and to provide comprehensive training solutions that prepare them to act at a moment’s notice to protect the communities and countries they serve.
According to a statement, the Company remains headquartered in Suwanee, GA and partners with clients in the US and around the world from facilities on five continents.
As part of the rebranding, InVeris Training Solutions has also introduced a new logo, corporate colours, and website, InVerisTraining.com.
The Company also retains ownership of its legacy brands, FATS® and Caswell technologies, the industry pioneers in the virtual and live fire training arenas, respectively.
-- BERNAMA
Saturday 10 October 2020
Virgin Hyperloop announces global HCC in West Virginia
KUALA LUMPUR, Oct 9 -- Virgin Hyperloop has revealed the global Hyperloop Certification Center (HCC) will be located in the US state of West Virginia, after years of testing and developing hyperloop technology at its full-scale test site.
The HCC is a major milestone in the maturity and acceptance of hyperloop systems globally, according to a statement.
A testament to Virgin Hyperloop’s technology advancement, it will enable global regulatory bodies to work with US federal authorities to establish and set global safety and industry standards for the new hyperloop category, which can subsequently be adopted and re-applied in other geographies.
“Today is one of the most exciting days in Virgin Hyperloop’s history,” said Virgin Group Founder, Sir Richard Branson.
“We’re one step closer to making hyperloop travel a reality for people everywhere.”
In India, the Government of Maharashtra has deemed hyperloop a public infrastructure project and approved the Virgin Hyperloop-DP World Consortium as the Original Project Proponent for the Mumbai-Pune hyperloop project.
This global regulatory momentum, combined with the advancements at the HCC, will pave the way for the certification of hyperloop systems globally – the first step towards commercial projects, including in India, while having the first human testing of the technology take place in the United States.
Virgin Hyperloop aims to achieve safety certification by 2025, with commercial operations beginning in 2030.
-- BERNAMA
Friday 9 October 2020
AM BEST REMOVES FROM UNDER REVIEW WITH NEGATIVE IMPLICATIONS AND DOWNGRADES ISSUER CREDIT RATING OF TUNE PROTECT RE LTD.
SINGAPORE, Oct 9 (Bernama-BUSINESS WIRE) -- AM Best has removed from under review with negative implications and downgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb” from “bbb+” and affirmed the Financial Strength Rating of B++ (Good) of Tune Protect Re Ltd. (TPR) (Malaysia). The outlook assigned to these Credit Ratings (ratings) is negative.
The ratings reflect TPR’s balance sheet strength, which AM Best categorises as strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.
AM BEST REMOVES FROM UNDER REVIEW WITH NEGATIVE IMPLICATIONS AND DOWNGRADES ISSUER CREDIT RATING OF TUNE PROTECT RE LTD.
The ratings reflect TPR’s balance sheet strength, which AM Best categorises as strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.
AM BEST REMOVES FROM UNDER REVIEW WITH NEGATIVE IMPLICATIONS AND DOWNGRADES ISSUER CREDIT RATING OF TUNE PROTECT RE LTD.
SNOMED International Announces Management Board Changes
London, United Kingdom, Oct 8 (GLOBE NEWSWIRE) -- Changes are underway for SNOMED International’s Management Board, a governance body which has legal and oversight responsibility for the management and direction of SNOMED International. At the end of August 2020, SNOMED International appointed Joanne Burns to the role of Board Chair, having previously served the organization in the role of vice-chair. Joanne Burns succeeds Lady Barbara Judge CBE, SNOMED International’s Management Board Chair and highly respected and globally recognized governance expert, who recently passed away. Joanne Burns, a highly valued part of the Management Board since April 2017, has worked closely with the General Assembly Executive and the CEO to shape the 2020-2025 SNOMED International strategy, offering actionable insights on measuring value to the organization and Members. An organization that features a multi-tiered governance structure, a fluid working relationship between the Management Board and the General Assembly is an essential component of success for SNOMED International. Acknowledging Outgoing Members SNOMED International bid a fond farewell to our outgoing Directors whose terms have concluded. Dr. Douglas Fridsma, appointed 2015, and Dr. Cheemin Bo-Linn, appointed 2017, have both exhibited excellence in their management of the organization’s risk portfolio, leaving the Management Board governing body well-positioned to support SNOMED International as it works toward achieving its established goals. Dr. Fridsma, a health informatics expert who first joined the Management Board as a Director in 2015, has been a strong proponent of good governance and sound financial management practices. Dr. Fridsma became the Finance, Audit and Risk Committee Chair in 2017 and has participated on the Management Board’s revenue subcommittee, where he led a number of strategic discussions resulting in operational improvement initiatives. Dr. Bo-Linn, CEO of Peritus Partners Inc., held the role of vice-chair of the FARC. Over the past three years, Dr. Bo-Linn has encouraged SNOMED International to optimize how its harnesses, adopts and implements advanced technology befitting a terminology. In 2019, she was recognized as one of the Top 50 Directors in the United States by the National Association of Corporate Directors for her significant impact on boardroom practice and performance. “During my tenure working with Doug and Cheemin, I have observed how each has left a lasting and positive impact on SNOMED International,” said the organization’s CEO, Don Sweete. “I thank them both for their unique contributions and their leadership over the past three years and wish them every success in their future endeavours.”
Welcoming New Directors
We are pleased to welcome four new Management Board Directors, all of whom will formally join SNOMED International at the October 2020 Business Meetings.
Our newly appointed Management Board Directors bring to the organization a wealth of experience in global healthcare and informatics, advanced technologies, organizational governance and business leadership. As such, they are well-positioned to guide SNOMED International in the execution of its 2020-2025 strategy by leveraging technologies and strengthening partnerships with a broad range of stakeholders in private and public sector organizations across the globe.
Hadas Bitran, Tel Aviv-based founder and head of Microsoft Healthcare Israel, brings to SNOMED International’s MB considerable expertise in the area of building AI technologies and products for health and life sciences, including language services, natural language processing, personal health assistant technologies and machine learning based solutions. Prior to joining Microsoft, Hadas held senior leadership positions at SAP after managing R&D and product teams in start-up companies. She received her BSc degree in Computer Science from Tel Aviv University, and her MBA from Kellogg School of Management, Northwestern University in Chicago.
Dr. Isabelle de Zegher, previously Vice President, Integrated Solutions, at Parexel Informatics, recently left her corporate career to found a start-up that is developing an AI-based solution empowering individuals to curate their personal data. Dr. de Zegher offers extensive board and advisory experience across a variety of EU initiatives, including with the European Federation of Pharmaceutical Industry. A member of the Health Level Seven (HL7) Technical Committee for nearly a decade, Dr. de Zegher also serves on the Board of Directors of CDISC, the Clinical Data Interchange Standards Consortium, a standards development organization seeking to create clarity in the clinical research domain.
Professor Michael Lewis, has 30 years global health industry experience, and among other roles, is currently Chair of five medical and contract research organizations as well as digital health companies. Professor Lewis has previously held a series of senior roles at various European companies focused on pharma, biotech, digital, dental, devices and diagnostics. Professor Lewis is also a frequent speaker at conferences and events on digital health-focused topics such as mental health, investment and innovation.
Dr Andrew Roddam is currently the CEO of the UK Early Disease Detection Research Project. An internationally renowned epidemiologist, Andrew has held a wide range of roles across both academia and the pharmaceutical industry, principally focused on the application of epidemiological methods to advance the understanding of human disease. He has a strong interest in health informatics and is an experienced board member within the UK and internationally who regularly participates at international meetings and conferences as a keynote speaker.
“We look forward to the combined wisdom and experience each new Director brings as we work toward executing our strategy and measuring its impact to our Members and users worldwide” says SNOMED International CEO Don Sweete. The organization’s four newly appointed Directors join Board Chair, Joanne Burns, and Directors Dr. Gong Mengchun and Dr Matic Meglic.
For more information, please visit the SNOMED International website.
About SNOMED International
SNOMED International is a not-for-profit organization that owns and develops SNOMED CT, the world's most comprehensive healthcare terminology product. We play an essential role in improving the health of humankind by determining standards for a codified language that represents groups of clinical terms. This enables healthcare information to be exchanged globally for the benefit of patients and other stakeholders. A Member oriented organization, we are committed to the rigorous evolution of our products and services, to deliver continuous innovation for the global healthcare community. SNOMED International is the trading name of the International Health Terminology Standards Development Organisation.
Kelly Kuru
SNOMED International
1 416 566 8725
SOURCE: SNOMED International
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