KUALA LUMPUR, Feb 7 (Bernama) -- Nippon Express (Vietnam) Co Ltd (NX Vietnam) has commenced a consolidation service to enhance its rail freight services on Vietnam's North-South Railway between Hanoi and Ho Chi Minh City.
As logistics needs become more diversified and sophisticated in line with the rapid growth of the Vietnamese economy, demand is on the rise for a north-south logistics network to serve as a key route between manufacturing bases and consumption centres.
To address this need, NX Vietnam, a group company of Nippon Express Holdings Inc, has launched a rail transport service in June 2024, reducing transit time between Hanoi and Ho Chi Minh City (approximately 1,700 kilometres) in about 48 hours.
According to a statement, this service has been well received by many customers as a high-quality service that helps reduce the environmental impact of logistics.
NX Vietnam has now launched a Less than Container Load (LCL) service to supplement its existing Full Container Load (FCL) service, utilising its own warehouses as incoming/outgoing container freight stations (CFSs). Loading and unloading of containers will be performed in-house to ensure high-quality service.
This approach enables efficient and sustainable transport of smaller quantities of cargo that do not fill a single container and provides more customers with flexible and cost-effective logistics solutions.
The NX Group will continue providing high-quality logistics services to meet the needs of its customers while working to cut carbon dioxide emissions with the aim of achieving sustainable societies.
-- BERNAMA
Friday, 7 February 2025
Thursday, 6 February 2025
GN INTRODUCES ITS MOST INTELLIGENT HEARING PORTFOLIO YET, INCLUDING RESOUND VIVIA - THE WORLD'S SMALLEST AI POWERED HEARING AID
· Built on decades of shared AI research and development across the GN Group, GN has pioneered a unique approach to AI that mimics the brain’s natural sound processing via a new Intelligent Focus feature to create a superior hearing experience in noise.
· This breakthrough technology is packed in the world's smallest rechargeable Receiver-in-Ear hearing aid, (microRIE), ReSound Vivia™ offering all-day battery power and comfort without compromise.· ReSound Vivia is powered by a dedicated Deep Neural Network (DNN) chip trained on 13.5 million spoken sentences that spotlights speech and eliminates distracting noise, offering the best solution for hearing in noise without cutting people off from the world around them.
· To enable even more people to experience their best-in-class technologies, GN is bringing some of its most advanced features, including Bluetooth® Low Energy (LE) Audio and Auracast™ broadcast audio, to a new essentials range with the launch of ReSound Savi™.
BALLERUP, Denmark, Feb 5 (Bernama-GLOBE NEWSWIRE) -- GN, the global leader in hearing aid innovation, today announces the launch of ReSound Vivia, the world's smallest AI powered hearing aid, and ReSound Savi, an essentials range featuring Bluetooth LE Audio and Auracast broadcast audio.
The new ReSound Vivia hearing aids deliver unparalleled sound quality in noisy environments and all-day comfort without compromising size or battery life. Central to this innovation is GN's unique human approach to AI, which models the brain's natural sound processing capability to create voice clarity in complex listening environments. GN's Intelligent Focus feature is distinctive in its ability to respond to the direction a person is looking, ensuring the AI enhances sounds based on the user's natural response to their environment. GN’s proprietary technology provides a more natural and effortless listening experience, even in challenging situations like noisy restaurants or crowded venues.
A new, dedicated Deep Neural Network (DNN) chip enables the superior listening experience. This DNN-powered solution is up to 17 times more efficient than other leading hearing solutions with directionality and DNN noise reduction, resulting in a significant improvement to speech understanding.1 Trained on 13.5 million spoken sentences in various languages and with varied vocal effort, across 3.9 million tuned sound parameters, the DNN can perform 4.9 trillion operations per day to spotlight speech and reduce background noise.
Studies show ReSound Vivia offers the world's best hearing in noise experience, with 64% of users experiencing improved hearing in noisy environments compared to other AI hearing solutions, so they can enjoy conversations with greater ease and understanding.1
All of this advanced technology is packed into the world's smallest AI hearing aid, the ReSound Vivia microRIE. The microRIE style offers 30 hours wear on one battery charge and 20 hours of use for a typical day using a combination of Intelligent Focus and streaming.2 This all-day power ensures users can enjoy uninterrupted hearing and seamless connectivity without compromise.
Brian Dam Pedersen, Chief Technology Officer, Head of Research and Technology at GN, explains: “With ReSound Vivia, we've fundamentally reimagined how AI can enhance the hearing experience. Our unique Intelligent Focus feature mimics natural human behavior, allowing the AI to prioritize sounds based on where the user is looking, not just how loud they are. This creates a far more intuitive and natural listening experience, seamlessly integrating with the user's own perception of their environment. It's not just about amplifying sound; it's about intelligently enhancing the sounds that matter most. And we are not stopping here – all the knowledge, capabilities, and research we have acquired will be applied across other GN products and projects, furthering innovation across the Group."
DUCK CREEK TECHNOLOGIES UNVEILS PAYMENTS MARKETPLACE, INTEGRATION WITH PAYMENTUS
KUALA LUMPUR, Feb 5 (Bernama) -- Duck Creek Technologies, the global intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, has launched its Payments Marketplace, a comprehensive payments ecosystem purpose-built for the global insurance industry.
The Duck Creek Payments Marketplace offers seamless integration with trusted payment providers and delivers end-to-end payment management for carriers, according to a statement.
A key part of the launch is a strategic collaboration with Paymentus, a provider of digital payment solutions, which adds substantial payment volume to the marketplace. This partnership will support top global insurers and major regional carriers.
Duck Creek Technologies Chief Payments Officer, Allan Lacoste said the Payments Marketplace is a major technological advancement in the insurance industry, focusing on secure, seamless payment processing for carriers and their customers.
“Through strategic partnerships with industry leaders like Paymentus, we're building a robust ecosystem that empowers carriers with both payment flexibility and reliability,” he said.
Meanwhile, Paymentus Holdings Inc Chief Commercial Officer, Jerry Portocalis said the partnership will deliver best-in-class electronic billing and payment solutions to a larger, more global customer base.
By leveraging the Duck Creek Payments Orchestrator, the Payments Marketplace significantly reduces payment integration timelines from the typical nine to 18 months to just one to two weeks.
This rapid integration offers carriers a smooth connection to global payment systems, supporting both collections and payouts without requiring major changes to their information technology (IT) infrastructure.
Additionally, the platform ensures continuous updates, security, and compatibility with Duck Creek’s software as a service (SaaS) core systems, offering enhanced experiences for both insurers and customers.
-- BERNAMA
BELTONE UNVEILS ENVISION HEARING AIDS WITH ADVANCED AI TECHNOLOGY
KUALA LUMPUR, Feb 5 (Bernama) -- Beltone has introduced its latest innovation, the Beltone Envision hearing aids, designed to set a new benchmark in noise management and voice clarity.
According to a statement, these hearing aids provide superior sound quality, even in noisy environments, allowing users to clearly hear important sounds, such as a friend's voice at a crowded restaurant.
Despite the fact that only one in five people who could benefit from hearing aids actually use them, Beltone Envision aims to bridge this gap by empowering users to connect with loved ones, colleagues, and their surroundings.
These devices intelligently detect the environment, noise levels, and speech cues, automatically adjusting settings for an optimal listening experience.
The artificial intelligence (AI) inside Beltone Envision is trained to recognise and suppress thousands of unwanted noises while highlighting the sounds and voices users want to hear, ensuring a clearer and more focused listening experience. Beltone's unique approach mimics natural human behaviour by prioritising sounds based on where the user is looking, not just their volume.
Equipped with a dedicated Deep Neural Network (DNN) chip, the Beltone Envision is up to 17 times more efficient than other hearing solutions with directionality and DNN noise reduction, resulting in a significant improvement to speech understanding.
Available in the world's smallest AI hearing aid form and new streamlined receiver-in-ear (RIE) styles, this device offers a discreet, modern, and comfortable solution, with full-day battery performance. The hearing aid also supports Bluetooth Low Energy (LE) Audio experience and is compatible with Auracast broadcast audio, providing users with access to news, entertainment, and assistive listening in public spaces.
In addition, the Beltone HearMax app now features the Auracast Assistant, simplifying the connection to Auracast broadcasts with just a tap. Alongside the Beltone Envision, the company is also launching Beltone Commence, an essential hearing aid range offering Bluetooth LE Audio and Auracast compatibility, designed for individuals with mild to profound hearing loss.
The new microRIE style offers a discreet and ergonomic fit, while updated RIE designs ensure all-day comfort in various colours, including navy blue and bold red. Additionally, Beltone Envision enables seamless audio streaming from televisions and mobile devices, along with hands-free calling, enhancing convenience for users on the go.
The Beltone Envision and Beltone Commence will be available in the United States and Germany from Feb 20, with global expansion to follow.
--BERNAMA
Wednesday, 5 February 2025
UNLOCK YOUR TRADING EDGE WITH AXI AT THE 2025 MONEY EXPO MEXICO
Broker to showcase their capital allocation program, Axi Select, Manchester City memorabilia, and more
SYDNEY, Feb 5 (Bernama-GLOBE NEWSWIRE) -- Leading online FX and CFD broker Axi announced that it is attending this year’s Money Expo Mexico, taking place on February 26-27, 2025, at Centro Citibanamex.
Event attendees will have the opportunity to learn about Axi Select, Axi’s innovative capital allocation program designed to empower ambitious traders on their trading journey, as well as meet Axi Select traders who are well on their way to reaching the $1million milestone. “We invite all traders to visit our team at Booth 14 and uncover the future of trading with Axi,” says Greg Rubin, Head of Axi Select at Axi, before adding “We look forward to networking with fellow traders and showcasing the exceptional benefits of Axi Select. Our program features zero registration fees, capital funding of up to $1,000,000 USD, the opportunity to earn up to 90% of the profits, and advanced tools to accelerate traders’ trading potential.”
Additionally, visitors can explore their Introducing Broker (IB) and Affiliate programs or learn more about Axi’s longstanding partnership with Manchester City, Premier League Champions. Man City memorabilia and the club's mascots will be on-site for photos and attendees stand the chance to win exciting prizes from the broker, including signed player shirts and other merchandise.
The broker has a longstanding partnership with Premier League club, Manchester City FC, as well as LaLiga club, Girona FC, and Brazilian club, Esporte Clube Bahia. In 2023, they also announced England international John Stones as their Brand Ambassador. More recently, the broker was recognised with the ‘Innovator of the Year’ award at the 2024 Dubai Forex Expo, as well as being named ‘Most Innovative Proprietary Trading Firm’ by Finance Feeds.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available to AU, NZ, EU and UK residents. For more information, refer to our Terms of Service.
About Axi
Axi is a global online FX and CFD trading company, with thousands of customers in 100+ countries worldwide. Axi offers CFDs for several asset classes including Forex, Gold, Oil, and more.
For more information or additional comments from Axi, please contact: mediaenquiries@axi.com
SOURCE: AxiTrader Limited
DISCLAIMER: BERNAMA MREM are not accountable for any causes of website defacement, misuse, or illegal activities connected to cryptocurrency, blockchain, tokenisation, or bitcoin. This material should not be considered as guidance or an opinion, as it does not constitute financial or investment advice. Use this information at your own risk; we are not liable for any losses or damages caused by the republication of this article.
--BERNAMA
SYDNEY, Feb 5 (Bernama-GLOBE NEWSWIRE) -- Leading online FX and CFD broker Axi announced that it is attending this year’s Money Expo Mexico, taking place on February 26-27, 2025, at Centro Citibanamex.
Event attendees will have the opportunity to learn about Axi Select, Axi’s innovative capital allocation program designed to empower ambitious traders on their trading journey, as well as meet Axi Select traders who are well on their way to reaching the $1million milestone. “We invite all traders to visit our team at Booth 14 and uncover the future of trading with Axi,” says Greg Rubin, Head of Axi Select at Axi, before adding “We look forward to networking with fellow traders and showcasing the exceptional benefits of Axi Select. Our program features zero registration fees, capital funding of up to $1,000,000 USD, the opportunity to earn up to 90% of the profits, and advanced tools to accelerate traders’ trading potential.”
Additionally, visitors can explore their Introducing Broker (IB) and Affiliate programs or learn more about Axi’s longstanding partnership with Manchester City, Premier League Champions. Man City memorabilia and the club's mascots will be on-site for photos and attendees stand the chance to win exciting prizes from the broker, including signed player shirts and other merchandise.
The broker has a longstanding partnership with Premier League club, Manchester City FC, as well as LaLiga club, Girona FC, and Brazilian club, Esporte Clube Bahia. In 2023, they also announced England international John Stones as their Brand Ambassador. More recently, the broker was recognised with the ‘Innovator of the Year’ award at the 2024 Dubai Forex Expo, as well as being named ‘Most Innovative Proprietary Trading Firm’ by Finance Feeds.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available to AU, NZ, EU and UK residents. For more information, refer to our Terms of Service.
About Axi
Axi is a global online FX and CFD trading company, with thousands of customers in 100+ countries worldwide. Axi offers CFDs for several asset classes including Forex, Gold, Oil, and more.
For more information or additional comments from Axi, please contact: mediaenquiries@axi.com
SOURCE: AxiTrader Limited
DISCLAIMER: BERNAMA MREM are not accountable for any causes of website defacement, misuse, or illegal activities connected to cryptocurrency, blockchain, tokenisation, or bitcoin. This material should not be considered as guidance or an opinion, as it does not constitute financial or investment advice. Use this information at your own risk; we are not liable for any losses or damages caused by the republication of this article.
--BERNAMA
Zycus To Transform Procurement Industry With Groundbreaking Platform Launch
KUALA LUMPUR, Feb 3 (Bernama) -- Zycus, the global leader in procurement technology, is set to transform the procurement industry with the launch of its groundbreaking Merlin Agentic AI Platform on Feb 11.
According to Zycus in a statement, this exclusive virtual event will introduce a new era of procurement, where artificial intelligence (AI) agents collaborate seamlessly with human expertise to redefine processes and unlock unprecedented value.
Zycus’ Merlin Agentic AI Platform is not just a technological upgrade, as it represents a paradigm shift for procurement teams seeking to unlock deep value and drive tangible business outcomes.
As procurement teams face growing pressure to enhance efficiency and deliver strategic value, Zycus’ Agentic AI introduces autonomous and semi-autonomous agents to simplify complex workflows.
By embedding intelligent agents across procurement processes, the platform accelerates decision-making, enabling organisations to reduce cycle times by up to 50 per cent while maintaining governance and compliance.
Furthermore, Agentic AI empowers procurement teams to shift focus from transactional tasks to strategic priorities, automating up to 70 per cent of routine workflows and uncovering hidden savings opportunities averaging 12 to 15 per cent across spend categories.
Early trials of Agentic AI demonstrate its ability to help organisations achieve a 25 per cent increase in supplier collaboration efficiency, fostering innovation and sustainability across the supply chain.
In addition, the platform’s predictive analytics and automation capabilities are projected to reduce supplier risks by up to 35 per cent, ensuring organisations can navigate today’s dynamic business environment with agility and resilience.
Zycus' virtual event will introduce these groundbreaking capabilities, providing procurement professionals and industry leaders with the opportunity to learn how Agentic AI can transform their operations.
-- BERNAMA
UNI-FUELS HOLDINGS LIMITED ANNOUNCES UNDERWRITERS’ FULL EXERCISE OF OVER-ALLOTMENT OPTION
SINGAPORE, Feb 5 (Bernama-GLOBE NEWSWIRE) -- Uni-Fuels Holdings Limited (NASDAQ: UFG) (“Uni-Fuels” or the “Company”), a global provider of marine fuel solutions for shipping companies headquartered in Singapore, announced today that on February 4, 2025, the underwriter of its previously announced initial public offering (the “Offering”) has exercised its over-allotment option (the “Over-Allotment Option”) in full and purchased an additional 315,000 Class A Ordinary Shares of the Company at the public offering price of $4.00 per share, resulting in additional gross proceeds of $1.26 million. After giving effect to the full exercise of the Over-Allotment Option, the total number of Class A Ordinary Shares sold by the Company in the Offering increased to 2,415,000 Class A Ordinary Shares and the gross proceeds increased to $9.66 million, before deducting underwriting discounts and commissions.
The Class A Ordinary Shares commenced trading on Nasdaq Capital Market on January 14, 2025 under the ticker symbol “UFG.”
Uni-Fuels intends to use the proceeds from the Offering for scaling up its reselling activities to gain market share from existing and new markets; for strengthening its workforce and expanding its market presence in new geographical locations; and as cash reserve and general corporate purposes.
The Offering was conducted on a firm commitment basis. R. F. Lafferty & Co., Inc. acted as the sole book-running manager for the Offering.
A registration statement on Form F-1 relating to the shares being sold in the Offering was initially filed with the U.S. Securities and Exchange Commission (the “SEC”) on October 28, 2024; and was declared effective by the SEC on January 10, 2025. This Offering was made only by means of a prospectus. A copy of the final prospectus relating to the Offering may be obtained for free by visiting EDGAR on the SEC’s website at www.sec.gov, or alternatively, from: R. F. Lafferty & Co., Inc., 40 Wall Street, 27th Floor, New York, NY 10005; (212) 293-9090.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Uni-Fuels Holdings Limited
Uni-Fuels is a fast-growing global provider of marine fuel solutions, helping shipping companies optimize fuel procurement across all markets and time zones. Founded in 2021, Uni-Fuels has evolved from modest beginnings into a dynamic, forward-thinking company. Backed by a passionate team and a growing presence across multiple locations, it has forged trusted partnerships with customers, supporting them in achieving their operational objectives with confidence, from shore to shore.
For more information, visit www.uni-fuels.com.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the intended use of the proceeds. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. These statements may include words such as “anticipate”, “estimate”, “expect”, “project”, “plan”, “intend”, “believe”, “may”, “will”, “should”, “can have”, “likely” and other words and terms of similar meaning. Forward-looking statements represent Uni-Fuels’ current expectations regarding future events and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those implied by the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions and the completion of the initial public offering on the anticipated terms or at all, and other factors discussed in the “Risk Factors” section of the registration statement filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.
Contact Information
For Investor Relations:
Uni-Fuels Holdings Ltd
Email: investors@uni-fuels.com
Skyline Corporate Communications Group, LLC
Email: info@skylineccg.com
SOURCE: UNI-FUELS Holdings LTD.
--BERNAMA
The Class A Ordinary Shares commenced trading on Nasdaq Capital Market on January 14, 2025 under the ticker symbol “UFG.”
Uni-Fuels intends to use the proceeds from the Offering for scaling up its reselling activities to gain market share from existing and new markets; for strengthening its workforce and expanding its market presence in new geographical locations; and as cash reserve and general corporate purposes.
The Offering was conducted on a firm commitment basis. R. F. Lafferty & Co., Inc. acted as the sole book-running manager for the Offering.
A registration statement on Form F-1 relating to the shares being sold in the Offering was initially filed with the U.S. Securities and Exchange Commission (the “SEC”) on October 28, 2024; and was declared effective by the SEC on January 10, 2025. This Offering was made only by means of a prospectus. A copy of the final prospectus relating to the Offering may be obtained for free by visiting EDGAR on the SEC’s website at www.sec.gov, or alternatively, from: R. F. Lafferty & Co., Inc., 40 Wall Street, 27th Floor, New York, NY 10005; (212) 293-9090.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Uni-Fuels Holdings Limited
Uni-Fuels is a fast-growing global provider of marine fuel solutions, helping shipping companies optimize fuel procurement across all markets and time zones. Founded in 2021, Uni-Fuels has evolved from modest beginnings into a dynamic, forward-thinking company. Backed by a passionate team and a growing presence across multiple locations, it has forged trusted partnerships with customers, supporting them in achieving their operational objectives with confidence, from shore to shore.
For more information, visit www.uni-fuels.com.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the intended use of the proceeds. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. These statements may include words such as “anticipate”, “estimate”, “expect”, “project”, “plan”, “intend”, “believe”, “may”, “will”, “should”, “can have”, “likely” and other words and terms of similar meaning. Forward-looking statements represent Uni-Fuels’ current expectations regarding future events and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those implied by the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions and the completion of the initial public offering on the anticipated terms or at all, and other factors discussed in the “Risk Factors” section of the registration statement filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.
Contact Information
For Investor Relations:
Uni-Fuels Holdings Ltd
Email: investors@uni-fuels.com
Skyline Corporate Communications Group, LLC
Email: info@skylineccg.com
SOURCE: UNI-FUELS Holdings LTD.
--BERNAMA
Tuesday, 4 February 2025
IFE CONFERENCE 2025: REDEFINING EDUCATION'S FUTURE WITH INNOVATION, TECHNOLOGY
KUALA LUMPUR, Feb 3 (Bernama) -- The Institute for the Future of Education (IFE) at Tecnológico de Monterrey has welcomed more than 4,650 participants worldwide to the 11th edition of IFE Conference, an educational innovation congress taking place from Jan 28 to 30 in Monterrey, Mexico.
According to a statement, the conference has become a crucial forum where leading voices in the sector explore the trends and practices transforming global education.
Speaking at the opening ceremony, Rector of Tecnológico de Monterrey, Juan Pablo Murra, emphasised that one of the main challenges is integrating technological capabilities with the pedagogical expertise of institutions to drive societal transformation.
IFE Associate Director, José Escamilla, highlighted that this year’s theme, “Driving the Future of Education with Innovation and Technology", encourages reflection on how institutions can effectively and ethically integrate technological tools to shape qualified and engaged global citizens.
Escamilla explained that the event aims to facilitate learning, networking, and inspiration across all academic levels, from primary to higher education.
He also noted that over 110 university presidents and higher education leaders will convene at the "Transforming Higher Education" gathering to explore the challenges and opportunities in educational transformation.
The conference also includes thematic sessions on information technology, the impact of public policies, and lifelong learning models. A special forum on educational technology entrepreneurship will bring together startups and investors to foster collaboration and innovation in the sector.
As part of the event’s inauguration, the conference “Artificial Intelligence in Education: Expectation vs. Reality” was led by IFE Executive Director Michael Fung and IFE’s Research Lab Director, Paulo Blikstein. The discussion examined the evolving role of AI in education, with experts cautioning against overestimating its capabilities while emphasising the continued importance of human interaction.
The IFE Conference 2025 features more than 250 activities, including keynote speeches, panel discussions, special events, awards, and networking sessions. Topics covered were emerging technologies, the future of work, innovation, entrepreneurship, public policy, and sustainability.
Over the past decade, IFE has brought together more than 29,000 participants from 3,000 institutions across 40 countries, with the participation of leading education professionals and innovation advocates.
-- BERNAMA
AACSB GREENLIGHTS GLOBAL STANDARD-SETTING FRAMEWORK FOR BUSINESS EDUCATION
KUALA LUMPUR, Feb 4 (Bernama) -- AACSB International (AACSB), the world’s leading accrediting body for business schools, has approved the AACSB Global Standard-Setting Framework, paving the way for the next era of business education standards.
According to AACSB in a statement, this framework formalises the process for revising business education standards and establishes a structured five-year review cycle, reaffirming its position as the global authority on business education quality and impact.
“For over a century, AACSB has been the de facto global standard-setting body for business education, guiding institutions toward quality, excellence, and impact.
“As the business education landscape continues to evolve, AACSB is committed to ensuring that business schools remain agile, innovative, and aligned with industry and societal needs,” said its President and Chief Executive Officer, Lily Bi.
Its Chief Accreditation Officer, Stephanie Bryant, has been tasked by the AACSB Board of Directors with implementing the new framework and initiating a review and revision of the current standards.
A global task force comprising key stakeholders from across the business education ecosystem will oversee the revision process to ensure alignment with the evolving needs of business schools, industry, and society.
The revised standards, set to launch on July 1 next year, will be released as The Global Standards for Business Education, while the final version is expected to be voted on at the Annual Business Meeting in April 2026.
This initiative reinforces AACSB’s mission to advance the quality and impact of business education, providing more than 17,000 business schools worldwide with a structured framework for continuous improvement and global impact.
The standards revision process will include an exposure draft and a public comment period, allowing for broad engagement from AACSB’s global community.
-- BERNAMA
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