KUALA LUMPUR, Aug 29 (Bernama) -- PubMatic, a premium digital technology company has achieved certification for IAB Tech Lab’s Open Measurement SDK Integration Validation Compliance (IVC) for Display ad formats.
“With this achievement, it is critical that we accelerate the growth of programmatic with more transparency, all which lead to the overall success of our in-app publisher and developer clients,” said PubMatic senior director (Product Management), Mike Chowla.
By supporting this initiative, PubMatic will help drive improved in-app viewability and verification to ensure quality and trust in this growing channel, according to a statement.
This certification comes in the midst of PubMatic’s continued commitment to enforcing industry quality and transparency initiatives such as the IAB Tech Lab’s App-ads.txt specification, Sellers.JSON and Supply Chain Object.
With the compliance certification, PubMatic continues to focus on driving more effective mobile advertising and helping advertisers realise the potential mobile can offer.
More information at https://pubmatic.com.
-- BERNAMA
Friday, August 30, 2019
Thursday, August 29, 2019
PRESS NOTICE - ENTITLEMENT DATE FIXED (CENTURY BOND BHD)
CENTURY BOND BHD. ("CBB" OR "COMPANY")
SELECTIVE CAPITAL REDUCTION AND REPAYMENT EXERCISE UNDERTAKEN BY CBB PURSUANT TO SECTION 116 OF THE COMPANIES ACT, 2016 ("ACT") ("SCR)
KUALA LUMPUR, Aug 29 (Bernama) -- We refer to the press releases in relation to the SCR dated 16 April 2019, 22 April 2019 and 20 June 2019 (collectively "Press Releases"). Unless otherwise defined herein, all expressions used in this press release shall carry the same meanings as defined in the Press Releases.
On behalf of the Board, CIMB Investment Bank Berhad wishes to announce that following the extraction of the Order, the entitlement date for the SCR has been fixed at 5.00 pm on 20 September 2019. The notice of the entitlement date will be despatch to the shareholders of CBB accordingly.
The SCR will become effective when an office copy of the sealed order is lodged with the Companies Commission of Malaysia in accordance with Section 116(6) of the Act.
Click here to view the full release
Source: CIMB Group
FOR MORE INFORMATION, PLEASE CONTACT:
Name: Dato’ Zain Azhari Mazlan
Managing Director
Corporate Finance
Investment Banking
CIMB Investment Bank Berhad
Tel: +6 03 2261 0338
Name: Ang Lay Leng
Director
Corporate Finance
Investment Banking
CIMB Investment Bank Berhad
Tel: +6 03 2261 0983
--BERNAMA
SELECTIVE CAPITAL REDUCTION AND REPAYMENT EXERCISE UNDERTAKEN BY CBB PURSUANT TO SECTION 116 OF THE COMPANIES ACT, 2016 ("ACT") ("SCR)
KUALA LUMPUR, Aug 29 (Bernama) -- We refer to the press releases in relation to the SCR dated 16 April 2019, 22 April 2019 and 20 June 2019 (collectively "Press Releases"). Unless otherwise defined herein, all expressions used in this press release shall carry the same meanings as defined in the Press Releases.
On behalf of the Board, CIMB Investment Bank Berhad wishes to announce that following the extraction of the Order, the entitlement date for the SCR has been fixed at 5.00 pm on 20 September 2019. The notice of the entitlement date will be despatch to the shareholders of CBB accordingly.
The SCR will become effective when an office copy of the sealed order is lodged with the Companies Commission of Malaysia in accordance with Section 116(6) of the Act.
Click here to view the full release
Source: CIMB Group
FOR MORE INFORMATION, PLEASE CONTACT:
Name: Dato’ Zain Azhari Mazlan
Managing Director
Corporate Finance
Investment Banking
CIMB Investment Bank Berhad
Tel: +6 03 2261 0338
Name: Ang Lay Leng
Director
Corporate Finance
Investment Banking
CIMB Investment Bank Berhad
Tel: +6 03 2261 0983
--BERNAMA
United India Insurance Company Limited´s credit ratings downgraded - AM Best
KUALA LUMPUR, Aug 29 -- AM Best has downgraded the Financial Strength Rating (FSR) to C++ (marginal) from B (fair) and the Long-Term Issuer Credit Rating (Long-Term ICR) to ´b+´ from ´bb+´ for United India Insurance Company Limited (United).
The outlook of the FSR remains stable, while the outlook of the Long-Term ICR remains negative, according to a statement.
The negative rating outlook for the Long-Term ICR reflects the potential for further deterioration in United´s risk-adjusted capitalisation and operating performance over the near to medium term.
The credit ratings reflect the company´s balance sheet strength, which AM Best categorised as adequate, marginal operating performance, neutral business profile and marginal enterprise risk management.
Risk-adjusted capitalisation, as measured by Best´s Capital Adequacy Ratio, deteriorated to adequate from very strong during fiscal year 2019, due to a combination of significant reserve strengthening for motor third-party liability business and large underwriting losses from other product lines.
Capital and surplus have declined significantly by 29.1 per cent to INR64 billion (US$0.9 billion) as of March 31. (INR100 = RM5.87).
The company repeatedly has fallen short of local minimum regulatory solvency requirements in recent years. To support an improvement in this position, the company issued INR9 billion of subordinated debt in 2017.
AM Best is a global rating agency and information provider with unique focus on the insurance industry. More information at www.ambest.com.
-- BERNAMA
Wednesday, August 28, 2019
S BLOCK 1000 PAX INTERSTELLAR QUANTITATIVE SUMMIT CONVENES IN BANGKOK
BERN, Switzerland, Aug 26 (Bernama-BUSINESS WIRE) -- On August 21st, "S BLOCK Interstellar Quantitative Summit" officially convened in Bangkok, Thailand!
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190825005035/en/
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190825005035/en/
Interstellar Quantification Assists S BLOCK to be Further Technologized
S BLOCK is a brand-new multi-currency, cross-chain technology wallet from Switzerland, which jointly issued by S BLOCK foundation, Cloud Capital, Top Line, DAF, Stanford Blockchain Research center, MIT Media Lab and Cambridge Financial Alternative Center. Since its launch on June 15, it has bring an generous revenue of 6-15% per month for its millions of users.
Tuesday, August 27, 2019
South Korea insurers to cope with new accounting, solvency rules
KUALA LUMPUR, Aug 27 -- South Korea’s non-life insurers are in a better position than their life counterparts to face the impact of simultaneous implementation of two new frameworks by 2022, according to AM Best.
The frameworks are the International Financial Reporting Standards 17 (IFRS 17) accounting standard and K-Insurance Capital Standard (K-ICS) solvency regime.
In a new Best’s Special Report, titled ‘South Korea Insurers Prepare to Face New Accounting and Solvency Rules’, AM Best stated that the implementation was likely to take a heavy operational toll on the market.
IFRS 17 will fundamentally change the accounting view on the valuation of insurance contracts and profit recognition.
In addition to the full adoption of IFRS 17, the Financial Supervisory Services also intend to have the industry simultaneously adopt K-ICS, a new solvency regime.
The aim is not only to align current solvency requirements with the new accounting standard, but also to adopt a more advanced yardstick to regulate the financial soundness of South Korea’s insurance industry.
According to the report, one of the unique features of South Korea’s non-life insurance market is that they can sell long-term insurance products, and as a result, their business largely overlaps with that of life insurers.
Despite potential financial burdens that may stem from the preparation to implement IFRS 17 and K-ICS, AM Best believes that overall, insurance customers will benefit from the enhanced financial soundness of the overall insurance industry over the long term.
More details on www.ambest.com
-- BERNAMA
MINOR DKL FOOD GROUP (THE COFFEE CLUB) AND INMOMENT TO PRESENT AT CX SINGAPORE 2019
SINGAPORE, Aug 26 (Bernama-BUSINESS WIRE) -- This week at Forrester’s CX Singapore 2019, InMoment, the leader in Experience Intelligence (XI), will host a session with Minor DKL Food Group, the owner of The Coffee Club, in presenting “The Real Work of Turning CX Insights into Results.” Taking place on 28 August in Singapore, the event will bring together some of the world’s best customer experience thought leaders, technology providers, and professionals.
Minor DKL is a leading food franchisor and owner of several brands, such as The Coffee Club, Ribs & Rumps Restaurants, and Coffee Hit franchises, totaling 450 restaurants throughout 11 countries, with more than 8,000 staff members and an annual turnover at approximately $550 million. Stephen Hazard, COO of Minor DKL, will explain how Minor DKL has successfully operationalised key CX insights that have led to impressive business results.
http://mrem.bernama.com/viewsm.php?idm=35321
Minor DKL is a leading food franchisor and owner of several brands, such as The Coffee Club, Ribs & Rumps Restaurants, and Coffee Hit franchises, totaling 450 restaurants throughout 11 countries, with more than 8,000 staff members and an annual turnover at approximately $550 million. Stephen Hazard, COO of Minor DKL, will explain how Minor DKL has successfully operationalised key CX insights that have led to impressive business results.
http://mrem.bernama.com/viewsm.php?idm=35321
Mori Building lays foundation for urban regeneration project in Tokyo
KUALA LUMPUR, Aug 22 (Bernama) -- Japanese urban landscape developer, Mori Building Co Ltd, has commenced a massive urban regeneration project to revitalise a large area of central Tokyo.
The ‘Toranomon-Azabudai District Category 1 Urban Redevelopment Project’ is set to be completed by March-end 2023.
The project is designed to provide a safe city that will allow people to carry on living and working, even during a major disaster on the scale of the Great East Japan Earthquake.
With ‘Modern Urban Village’ core concept, it is a unique neighbourhood that will combine the sophistication of a megalopolis with the intimacy of a small village in the heart of Tokyo.
It will cover an area of approximately 8.1 hectares, similar to that of New York’s Rockefeller Center, and feature extensive greenery measuring 24,000 sq metres, which includes a 6,000 sq metre central square.
Total floor area will be 860,400 sq metres, including 213,900 sq metres of office space and about 1,400 residential units.
About 20,000 office workers and 3,500 residents will work and live there, with 25 to 30 million people expected to visit this totally new city-within-a-city annually.
The electricity supplied will be from renewable sources, which will meet the targets stipulated in the RE100 international environmental initiative, led by the United Kingdom’s Climate Group.
More details on the project at www.mori.co.jp/en
-- BERNAMA
The ‘Toranomon-Azabudai District Category 1 Urban Redevelopment Project’ is set to be completed by March-end 2023.
The project is designed to provide a safe city that will allow people to carry on living and working, even during a major disaster on the scale of the Great East Japan Earthquake.
With ‘Modern Urban Village’ core concept, it is a unique neighbourhood that will combine the sophistication of a megalopolis with the intimacy of a small village in the heart of Tokyo.
It will cover an area of approximately 8.1 hectares, similar to that of New York’s Rockefeller Center, and feature extensive greenery measuring 24,000 sq metres, which includes a 6,000 sq metre central square.
Total floor area will be 860,400 sq metres, including 213,900 sq metres of office space and about 1,400 residential units.
About 20,000 office workers and 3,500 residents will work and live there, with 25 to 30 million people expected to visit this totally new city-within-a-city annually.
The electricity supplied will be from renewable sources, which will meet the targets stipulated in the RE100 international environmental initiative, led by the United Kingdom’s Climate Group.
More details on the project at www.mori.co.jp/en
-- BERNAMA
AM BEST AFFIRMS CREDIT RATINGS OF FOUNDATION LIFE (NZ) LIMITED
SINGAPORE, Aug 26 (Bernama-BUSINESS WIRE) -- AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of Foundation Life (NZ) Limited (FLNZ) (New Zealand). The outlook of these Credit Ratings (ratings) is stable.
The ratings reflect FLNZ’s balance sheet strength, which AM Best categorizes as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.
http://mrem.bernama.com/viewsm.php?idm=35316
The ratings reflect FLNZ’s balance sheet strength, which AM Best categorizes as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.
http://mrem.bernama.com/viewsm.php?idm=35316
32 LEADING GLOBAL FASHION AND TEXTILE COMPANIES MAKE COMMITMENTS ON CLIMATE, BIODIVERSITY AND OCEANS
PARIS, Aug 23 (Bernama-BUSINESS WIRE) -- Ahead of the G7 meeting at Biarritz from August 24-26, French President Emmanuel Macron, accompanied by Economy and Finance Minister Bruno Le Maire, Minister of Labour Muriel Pénicaud, and Deputy Minister of Ecological and Solidary Transition Brune Poirson, has invited to the Elysée Palace representatives of the 32 fashion and textile companies who have launched the Fashion Pact by his side.
In April 2019, ahead of the G7 meeting, Emmanuel Macron had given François-Henri Pinault, Chairman and Chief Executive Officer of Kering (Paris:KER), a mission to bring together the leading players in fashion and textile, with the aim of setting practical objectives for reducing the environmental impact of their industry.
http://mrem.bernama.com/viewsm.php?idm=35309
In April 2019, ahead of the G7 meeting, Emmanuel Macron had given François-Henri Pinault, Chairman and Chief Executive Officer of Kering (Paris:KER), a mission to bring together the leading players in fashion and textile, with the aim of setting practical objectives for reducing the environmental impact of their industry.
http://mrem.bernama.com/viewsm.php?idm=35309
Friday, August 23, 2019
SolarWinds upgrades web performance monitoring products across IT environments
KUALA LUMPUR, Aug 21 (Bernama) -- SolarWinds, an IT management software provider announced enhancements to its web performance monitoring products.
It includes updates to both the SolarWinds® Orion® Platform-based Web Performance Monitor (WPM), now WPM 3.0, and its SaaS-based SolarWinds Pingdom® solution.
The new features in the updated version of WPM 3.0 and Pingdom meet the needs of both IT operations and DevOps teams in unprecedented ways.
With the improved functionalities, technology professionals managing every type of environment can monitor website availability and performance, ultimately creating an overall exceptional user experience.
WPM is a comprehensive monitoring solution for SaaS applications and websites, helping users to find and fix web performance issues quickly and effectively.
Meanwhile, Pingdom provides web application performance monitoring outside the firewall, including real user monitoring, uptime, page speed and synthetics.
The SolarWinds web performance monitoring products are available immediately.
SolarWinds WPM and SolarWinds Pingdom monthly pricing starts at US$1,995 and US$11.95, respectively. (US$1=RM4.17)
Pricing may vary based upon the jurisdiction and applicable currency. More details at https://www.solarwinds.com
-- BERNAMA
It includes updates to both the SolarWinds® Orion® Platform-based Web Performance Monitor (WPM), now WPM 3.0, and its SaaS-based SolarWinds Pingdom® solution.
The new features in the updated version of WPM 3.0 and Pingdom meet the needs of both IT operations and DevOps teams in unprecedented ways.
With the improved functionalities, technology professionals managing every type of environment can monitor website availability and performance, ultimately creating an overall exceptional user experience.
WPM is a comprehensive monitoring solution for SaaS applications and websites, helping users to find and fix web performance issues quickly and effectively.
Meanwhile, Pingdom provides web application performance monitoring outside the firewall, including real user monitoring, uptime, page speed and synthetics.
The SolarWinds web performance monitoring products are available immediately.
SolarWinds WPM and SolarWinds Pingdom monthly pricing starts at US$1,995 and US$11.95, respectively. (US$1=RM4.17)
Pricing may vary based upon the jurisdiction and applicable currency. More details at https://www.solarwinds.com
-- BERNAMA
Thursday, August 22, 2019
PURECIRCLE LAUNCHES BRANDED GOURMET ICE CREAM IN CHICAGO. SWEETENED WITH STEVIA. ZERO ADDED SUGAR.
CHICAGO, Aug 21 (Bernama-GLOBE NEWSWIRE) -- PureCircle (LSE: PURE), the world’s leading producer and innovator of stevia sweeteners, is launching a great-tasting branded gourmet ice cream with zero added sugar and sweetened with its next generation stevia leaf sweeteners. Based in Chicago, the company is debuting the new ‘PureCircle’ ice cream in its hometown at the end of August. It will initially be distributed around the city via ‘PureCircle’ ice cream trucks.
PureCircle’s next generation stevia sweeteners, like Reb M, are an important break-through. They have a clean, sugar-like taste, contain no calories and are plant-based. They work extremely well in dessert products like ice cream and in a wide range of beverage and food products. That means beverage and food companies – seeking to reduce sugar and calories -- can offer consumers zero- and low-calorie products, sweetened with our plant-based stevia sweeteners.
http://mrem.bernama.com/viewsm.php?idm=35281
PureCircle’s next generation stevia sweeteners, like Reb M, are an important break-through. They have a clean, sugar-like taste, contain no calories and are plant-based. They work extremely well in dessert products like ice cream and in a wide range of beverage and food products. That means beverage and food companies – seeking to reduce sugar and calories -- can offer consumers zero- and low-calorie products, sweetened with our plant-based stevia sweeteners.
http://mrem.bernama.com/viewsm.php?idm=35281
Wednesday, August 21, 2019
IDEAL INDUSTRIES chairman, CEO retires early next year
KUALA LUMPUR, Aug 21 (Bernama) -- IDEAL INDUSTRIES INC chairman and chief executive officer (CEO), Jim James will retire on Jan 31 next year.
Illinois Tool Works (ITW) group president, Steve Henn will succeed him as the CEO on Sept 23.
Meanwhile, as long-planned, a fourth-generation family executive, Meghan Juday will become the chairman of the 103-year old family company on Feb 1, 2020, when James retires.
“I believe that after 11 years or so, it is time others get an opportunity to make their mark on the organisation,” said James, who announced his decision to the family and board of directors in the past two years.
Commenting on the new CEO appointment, the succession committee chairman, Chris Baldwin noted that Henn brought proven expertise in global management, acquisitions and integrations, innovation, high performance team development and manufacturing.
“He is consistently produced revenue and profit growth in dynamic, challenging and changing markets,” Baldwin added.
IDEAL INDUSTRIES INC is a diversified global family business, designing and manufacturing superior products, tools advanced technology solutions for various industries.
-- BERNAMA
Illinois Tool Works (ITW) group president, Steve Henn will succeed him as the CEO on Sept 23.
Meanwhile, as long-planned, a fourth-generation family executive, Meghan Juday will become the chairman of the 103-year old family company on Feb 1, 2020, when James retires.
“I believe that after 11 years or so, it is time others get an opportunity to make their mark on the organisation,” said James, who announced his decision to the family and board of directors in the past two years.
Commenting on the new CEO appointment, the succession committee chairman, Chris Baldwin noted that Henn brought proven expertise in global management, acquisitions and integrations, innovation, high performance team development and manufacturing.
“He is consistently produced revenue and profit growth in dynamic, challenging and changing markets,” Baldwin added.
IDEAL INDUSTRIES INC is a diversified global family business, designing and manufacturing superior products, tools advanced technology solutions for various industries.
-- BERNAMA
KITO ADDED TO JPX-NIKKEI MID AND SMALL CAP INDEX
TOKYO, Aug 20 (Bernama-BUSINESS WIRE) -- Kito Corporation, (TOKYO:6409) (head office: Yamanashi, Japan; president: Yoshio Kito) industrial hoist and crane manufacturer, pleased to announce that in the latest periodic review, Kito was added to the list of companies that make up the JPX-Nikkei Mid and Small Cap Index for fiscal 2019 (Aug. 30, 2019-Aug. 28, 2020) by the Tokyo Stock Exchange, Inc. and Nikkei Inc.
The index applies the concept of the JPX-Nikkei Index 400, comprised of highly attractive listed companies, to equities related to mid-sized and small-capital companies by selecting companies that focus on capital efficiency and investor-focused management perspectives.
http://mrem.bernama.com/viewsm.php?idm=35268
The index applies the concept of the JPX-Nikkei Index 400, comprised of highly attractive listed companies, to equities related to mid-sized and small-capital companies by selecting companies that focus on capital efficiency and investor-focused management perspectives.
http://mrem.bernama.com/viewsm.php?idm=35268
THE WE COMPANY Q2 2019 FINANCIAL RESULTS CONFERENCE CALL
NEW YORK, Aug 20 (Bernama-BUSINESS WIRE) -- WeWork Companies LLC (the “Company”), with respect to its 7.875% Senior Notes due 2025 (the “Senior Notes”), will hold a conference call on Monday, August 26, 2019, at 12:00 P.M. Eastern Time for the benefit of certain qualified participants in order to discuss the Company’s financial results for the second quarter of 2019.
Current holders and beneficial owners of the Senior Notes, bona fide prospective purchasers of the Senior Notes who are qualified institutional buyers (as defined in Rule 144A under the Securities Act of 1933) or non-U.S. persons (as defined in Regulation S under the Securities Act of 1933), securities analysts, and market-making financial institutions may gain access to the call information for the conference call by registering on the Company’s secure website at investors.wework.com. Additional information about the call (including dial-in number) will be provided on the secure website.
http://mrem.bernama.com/viewsm.php?idm=35265
Current holders and beneficial owners of the Senior Notes, bona fide prospective purchasers of the Senior Notes who are qualified institutional buyers (as defined in Rule 144A under the Securities Act of 1933) or non-U.S. persons (as defined in Regulation S under the Securities Act of 1933), securities analysts, and market-making financial institutions may gain access to the call information for the conference call by registering on the Company’s secure website at investors.wework.com. Additional information about the call (including dial-in number) will be provided on the secure website.
http://mrem.bernama.com/viewsm.php?idm=35265
Tuesday, August 20, 2019
Resolve Systems acquires FixStream for US$24 mln
KUALA LUMPUR, Aug 20 -- Resolve Systems, the leading IT automation and orchestration platform has acquired FixStream, a pioneer in AIOps, for US$24 million (US$1=RM4.178) to deliver game-changing combination of AIOps and advanced automation in a unified platform.
The acquisition, expected to close by end-September, will enable Resolve to offer the most robust IT automation platform available on the market by combining artificial intelligence insights into dynamic, hybrid IT environments with powerful automation capabilities that are purpose-built for the complexity of modern enterprises.
Resolve, in a statement, said the unified platform will handle a wide array of IT operations – from AI-driven infrastructure mapping, operational data correlation, and predictive analytics to intelligently automating cross-domain actions based on those findings.
It said this will enable customers to significantly improve infrastructure performance, reduce mean time to resolution (MTTR), increase IT operations efficiency, reduce alarm noise, and proactively and intelligently allocate resources for critical business services.
“By combining our powerful, cross-domain automation with insights from FixStream’s artificial intelligence, we’ll be able to help IT teams accelerate their digital transformation journey,” said Resolve chief executive officer John Ferron.
Acquiring FixStream enables Resolve to further tap into the market for AIOps solutions, which is seeing a significant growth as IT teams cope with the conundrum of reducing IT costs while managing increasing complexity, including an exponential uptick in data volumes generated by IT infrastructure and applications.
More information available at https://resolve.io.
-- BERNAMA
AM BEST AFFIRMS CREDIT RATINGS OF TOKIO MARINE & NICHIDO FIRE INSURANCE CO., LTD. AND ITS US SUBSIDIARIES
HONG KONG, Aug 19 (Bernama-BUSINESS WIRE) -- AM Best has affirmed the Financial Strength Rating (FSR) of A++ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa+” of Tokio Marine & Nichido Fire Insurance Co., Ltd. (TMNF) (Japan) and its U.S. subsidiaries. The outlook of these Credit Ratings (ratings) is stable. (See below for a detailed listing of the companies.)
AM Best also has affirmed the FSR of A+ (Superior) and the Long-Term ICR of “aa-” of Tokio Marine Pacific Insurance Limited (TMPI) (Guam), a wholly owned subsidiary of TMNF. The outlook of these ratings is stable.
http://mrem.bernama.com/viewsm.php?idm=35261
AM Best also has affirmed the FSR of A+ (Superior) and the Long-Term ICR of “aa-” of Tokio Marine Pacific Insurance Limited (TMPI) (Guam), a wholly owned subsidiary of TMNF. The outlook of these ratings is stable.
http://mrem.bernama.com/viewsm.php?idm=35261
Sunday, August 18, 2019
STEVIE® AWARDS ANNOUNCE WINNERS IN 16TH ANNUAL INTERNATIONAL BUSINESS AWARDS® FROM ACROSS THE GLOBE
FAIRFAX, Va., Aug 15 (Bernama-GLOBE NEWSWIRE) -- High-achieving organizations and executives around the world have been recognized as Gold, Silver, and Bronze Stevie® Award winners in The 16th Annual International Business Awards®, the world's only international, all-encompassing business awards program.
Nicknamed the Stevies from the Greek word for "crowned," the awards will be presented at a gala event on Saturday, 19 October at the Andaz Vienna am Belvedere Hotel in Vienna, Austria. Tickets for the event are on sale now at www.StevieAwards.com/IBA.
Friday, August 16, 2019
PRESS RELEASE - ACCEPTANCES LEVEL (TASEK CORP BHD)
HL CEMENT (MALAYSIA) SDN BHD AND RIDGE STAR LIMITED (COLLECTIVELY, THE "JOINT OFFERORS")
UNCONDITIONAL VOLUNTARY TAKE-OVER OFFER BY THE JOINT OFFERORS THROUGH CIMB INVESTMENT BANK BERHAD ("CIMB") TO ACQUIRE ALL THE REMAINING ORDINARY SHARES (EXCLUDING TREASURY SHARES) ("OFFER ORDINARY SHARES") AND ALL THE REMAINING PREFERENCE SHARES ("OFFER PREFERENCE SHARES") IN TASEK CORPORATION BERHAD ("TASEK") NOT ALREADY HELD BY THE JOINT OFFERORS FOR A REVISED CASH CONSIDERATION OF RM5.80 PER OFFER ORDINARY SHARE AND RM5.80 PER OFFER PREFERENCE SHARE ("OFFER PRICE") ("REVISED OFFER") -ACCEPTANCES LEVEL KUALA LUMPUR, Aug 15 (Bernama) -- We refer to the annoucement dated 28 May 2019 by Tasek on the unconditional voluntary take-over offer by the Joint Offerors. On behalf of the Joint Offerors, we wish to inform the Holders of Tasek that the level of acceptances of the Offer in Ordinary Shares of Tasek (excluding treasury shares) as at 5.00 p.m. (Malaysian time) on 15 August 2019 are as follows: http://mrem.bernama.com/viewsm.php?idm=35251 |
Thursday, August 15, 2019
AM Best upgrades PVI Insurance Issuer Credit Rating
KUALA LUMPUR, Aug 13 (Bernama) -- AM Best has upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to ‘bbb+’ from ‘bbb’ of PVI Insurance Corporation (PVI Insurance) Vietnam.
In a statement, AM Best also affirmed the Financial Strength Rating of B++ (good) of the company and the outlook of these credit ratings was stable.
The global rating agency also described the company’s balance sheet strength as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.
In addition, PVI Insurance benefits from rating enhancement from HDI Haftpflichtverband der Deutschen Industrie V.a.G. (HDI group).
The Long-Term ICR upgrade follows HDI group’s increased ultimate ownership of PVI Insurance and the resulting implicit support that AM Best expects the subsidiary to benefit from over the near term.
PVI Insurance’s balance sheet strength assessment is underpinned by risk-adjusted capitalisation that AM Best expects to remain at the strongest level over the medium term, as measured by Best’s Capital Adequacy Ratio.
PVI Insurance is the second-largest insurer in Vietnam’s non-life insurance sector with a market share of 15 per cent in 2018, based on gross premium written.
More details at www.ambest.com
-- BERNAMA
In a statement, AM Best also affirmed the Financial Strength Rating of B++ (good) of the company and the outlook of these credit ratings was stable.
The global rating agency also described the company’s balance sheet strength as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.
In addition, PVI Insurance benefits from rating enhancement from HDI Haftpflichtverband der Deutschen Industrie V.a.G. (HDI group).
The Long-Term ICR upgrade follows HDI group’s increased ultimate ownership of PVI Insurance and the resulting implicit support that AM Best expects the subsidiary to benefit from over the near term.
PVI Insurance’s balance sheet strength assessment is underpinned by risk-adjusted capitalisation that AM Best expects to remain at the strongest level over the medium term, as measured by Best’s Capital Adequacy Ratio.
PVI Insurance is the second-largest insurer in Vietnam’s non-life insurance sector with a market share of 15 per cent in 2018, based on gross premium written.
More details at www.ambest.com
-- BERNAMA
TRITON DIGITAL IS ONE OF THE FIRST TO RECEIVE THE IAB TECH LAB PODCAST MEASUREMENT SEAL OF COMPLIANCE
NEW YORK, Aug 14 (Bernama-BUSINESS WIRE) -- Triton Digital®, the global technology and services leader to the digital audio and podcast industry, announced today that it is among the first companies to secure the IAB Tech Lab Podcast Measurement Compliance verification.
Triton’s Podcast Metrics is a powerful tool for analyzing how, when and where podcast content is being consumed across multiple hosting platforms, with the ability to view metrics by date range, location, device, podcast name, episode, title and more.
http://mrem.bernama.com/viewsm.php?idm=35231
Triton’s Podcast Metrics is a powerful tool for analyzing how, when and where podcast content is being consumed across multiple hosting platforms, with the ability to view metrics by date range, location, device, podcast name, episode, title and more.
http://mrem.bernama.com/viewsm.php?idm=35231
REVERIE ANNOUNCES PAGE, A SUSTAINABLE FASHION MAGAZINE
NEW YORK, Aug 13 (Bernama-GLOBE NEWSWIRE) -- Reverie: Page is a newly-established fashion publication dedicated to the development and success of current and emerging fashion designers. Focusing on sustainability and promoting consciousness while delivering an unbiases perspective of the fashion industry. Page magazine core belief is to bring back the vivacity and alluring nature a fashion magazine once held.
“Page Magazine will be the first truly sustainable fashion magazine. Our print issues will be made to order. But most importantly, we want to provide insight into fashion that is palatable for any fashion enthusiast who wants a grounded outlook on fashion. We intend to humanize fashion wile informing and enlightening our readers.” - Cassell A. Ferere, Editor-in-Chief.
http://mrem.bernama.com/viewsm.php?idm=35220
“Page Magazine will be the first truly sustainable fashion magazine. Our print issues will be made to order. But most importantly, we want to provide insight into fashion that is palatable for any fashion enthusiast who wants a grounded outlook on fashion. We intend to humanize fashion wile informing and enlightening our readers.” - Cassell A. Ferere, Editor-in-Chief.
http://mrem.bernama.com/viewsm.php?idm=35220
China, ASEAN set up good example of international relations
KUALA LUMPUR, Aug 15 (Bernama) -- The historical relationship between China and ASEAN is the basis of China's ‘Maritime Silk Road’ initiative, with today, the strategic partnership between China and ASEAN becoming a model for a new type of international relations.
In recent years, in the face of the volatile international situation, China and ASEAN have taken the lead in maintaining regional peace and promoting the common development of mankind, according to a statement from Queqi Media Culture Co Ltd.
Historical accumulation has deepened China-ASEAN cooperation, whereby after the reform and opening up, ASEAN is the top priority of China's good-neighbourly friendship.
From the Asian financial crisis in 1997 to the international financial crisis in 2008, the strategic partnership between the two sides had experienced a real test. In 2003, China and ASEAN established a strategic partnership with common goals of mutual assistance and common development.
The accumulation of the policies, emotions and mechanisms have made the two sides cooperate quite smoothly under the ‘Belt and Road Initiative’.
Cooperation between China and ASEAN in the fields of economy and trade, macro-policy coordination, infrastructure, maritime rescue, counter-terrorism, culture and education has been progressing with remarkable results.
Future trends will ensure steady and substantial cooperation between the two sides and the development of the China-ASEAN relations will also become an important model for the world to examine the new type of international relations and community of shared future proposed by China.
More information at http://www.queqicn.com.
-- BERNAMA
In recent years, in the face of the volatile international situation, China and ASEAN have taken the lead in maintaining regional peace and promoting the common development of mankind, according to a statement from Queqi Media Culture Co Ltd.
Historical accumulation has deepened China-ASEAN cooperation, whereby after the reform and opening up, ASEAN is the top priority of China's good-neighbourly friendship.
From the Asian financial crisis in 1997 to the international financial crisis in 2008, the strategic partnership between the two sides had experienced a real test. In 2003, China and ASEAN established a strategic partnership with common goals of mutual assistance and common development.
The accumulation of the policies, emotions and mechanisms have made the two sides cooperate quite smoothly under the ‘Belt and Road Initiative’.
Cooperation between China and ASEAN in the fields of economy and trade, macro-policy coordination, infrastructure, maritime rescue, counter-terrorism, culture and education has been progressing with remarkable results.
Future trends will ensure steady and substantial cooperation between the two sides and the development of the China-ASEAN relations will also become an important model for the world to examine the new type of international relations and community of shared future proposed by China.
More information at http://www.queqicn.com.
-- BERNAMA
PRESS RELEASE - DISCLOSURE OF DEALINGS (TASEK CORP BHD)
HL CEMENT (MALAYSIA) SDN BHD AND RIDGE STAR LIMITED (COLLECTIVELY, THE "JOINT OFFERORS")
UNCONDITIONAL VOLUNTARY TAKE-OVER OFFER BY THE JOINT OFFERORS THROUGH CIMB INVESTMENT BANK BERHAD ("CIMB") TO ACQUIRE ALL THE REMAINING ORDINARY SHARES (EXCLUDING TREASURY SHARES) ("OFFER ORDINARY SHARES") AND ALL THE REMAINING PREFERENCE SHARES ("OFFER PREFERENCE SHARES") IN TASEK CORPORATION BERHAD ("TASEK") NOT ALREADY HELD BY THE JOINT OFFERORS FOR A REVISED CASH CONSIDERATION OF RM5.80 PER OFFER ORDINARY SHARE AND RM5.80 PER OFFER PREFERENCE SHARE ("OFFER PRICE") ("REVISED OFFER")
DISCLOSURE OF DEALINGS IN ACCORDANCE WITH RULE 19 OF THE RULES ON TAKE-OVERS, MERGERS AND COMPULSORY ACQUISITIONS 2016 ("RULES")
KUALA LUMPUR, Aug 13 (Bernama) -- We refer to the annoucement dated 28 May 2019 by Tasek on the unconditional voluntary take-over offer by the Joint Offerors.
Pursuant to Rule 19.04 (1) of the Rules, we wish to inform that HL Cement (Malaysia) Sdn Bhd and/or Ridge Star Limited and its persons acting in concert as well as other parties associated to the Joint Offerors has dealt in the securities of Tasek, details of which are as follows:
UNCONDITIONAL VOLUNTARY TAKE-OVER OFFER BY THE JOINT OFFERORS THROUGH CIMB INVESTMENT BANK BERHAD ("CIMB") TO ACQUIRE ALL THE REMAINING ORDINARY SHARES (EXCLUDING TREASURY SHARES) ("OFFER ORDINARY SHARES") AND ALL THE REMAINING PREFERENCE SHARES ("OFFER PREFERENCE SHARES") IN TASEK CORPORATION BERHAD ("TASEK") NOT ALREADY HELD BY THE JOINT OFFERORS FOR A REVISED CASH CONSIDERATION OF RM5.80 PER OFFER ORDINARY SHARE AND RM5.80 PER OFFER PREFERENCE SHARE ("OFFER PRICE") ("REVISED OFFER")
DISCLOSURE OF DEALINGS IN ACCORDANCE WITH RULE 19 OF THE RULES ON TAKE-OVERS, MERGERS AND COMPULSORY ACQUISITIONS 2016 ("RULES")
KUALA LUMPUR, Aug 13 (Bernama) -- We refer to the annoucement dated 28 May 2019 by Tasek on the unconditional voluntary take-over offer by the Joint Offerors.
Pursuant to Rule 19.04 (1) of the Rules, we wish to inform that HL Cement (Malaysia) Sdn Bhd and/or Ridge Star Limited and its persons acting in concert as well as other parties associated to the Joint Offerors has dealt in the securities of Tasek, details of which are as follows:
| Date | Name | Description of Transaction | Description of Security | Quantity | Price (RM) |
| 13 August 2019 | Ridge Star Limited | Buy | Ordinary Shares | 12,400 | 5.79 |
PROJECT MANAGEMENT INSTITUTE ANNOUNCES ACQUISITION OF DISCIPLINED AGILE
PHILADELPHIA, Aug 13 (Bernama-BUSINESS WIRE) -- Project Management Institute (PMI), the world’s leading not-for-profit membership association for the project management profession, today announced the acquisition of Disciplined Agile (DA). The DA toolkit is the world’s only comprehensive agile body of knowledge (BOK) that provides straightforward and practical guidance to help individuals, teams and enterprises choose their “way of working” in a context-specific way. Key principles of DA include customer centricity, being pragmatic rather than purist, providing a range of agile and lean options, applying context-based practices, and optimizing flow across the entire enterprise. Applying the DA toolkit allows organizations to customize any method or framework – such as traditional, Scrum, or SAFe – to drive outcomes that differentiate them from their competitors.
The combination of these two organizations offers a unique and unparalleled value proposition to stakeholders who are committed to improving their personal, team and enterprise agility.
http://mrem.bernama.com/viewsm.php?idm=35219
The combination of these two organizations offers a unique and unparalleled value proposition to stakeholders who are committed to improving their personal, team and enterprise agility.
http://mrem.bernama.com/viewsm.php?idm=35219
Synchronoss simplifies Telkom Indonesia business process, enhances customer interaction
KUALA LUMPUR, Aug 6 (Bernama) -- Synchronoss Technologies Inc, a global leader and innovator of cloud, messaging, digital and IoT products has partnered with Telkom Indonesia to simplify business processes and enhance customer interaction across all communication channels.
Telkom Indonesia will partner with Synchronoss for Digital Experience Platform (DXP), according to a statement.
“This new relationship with Telkom Indonesia is another important step forward in our strategy to open up important revenue and growth opportunities for Synchronoss in dynamic international markets outside of North America,” said Synchronoss president and chief executive officer, Glenn Lurie.
Synchronoss DXP allows operators, service providers and other companies to design a unified, interactive customer experience across mobile apps, call centres, in-store point-of-sale interactions and online.
Telkom Indonesia will be able to use the platform across all its business units, including consumer and enterprise services, to improve operational agility and support the expansion of digital services that incorporate new media, content and e-commerce offerings.
It also benefits effortless integration with legacy customer relationship management and complex back-end systems, and easy-to-use, intuitive drag-and-drop dashboard to easily create, configure and launch end-to-end digital customer journeys across multiple engagement channels.
More information at https://synchronoss.com.
-- BERNAMA
Telkom Indonesia will partner with Synchronoss for Digital Experience Platform (DXP), according to a statement.
“This new relationship with Telkom Indonesia is another important step forward in our strategy to open up important revenue and growth opportunities for Synchronoss in dynamic international markets outside of North America,” said Synchronoss president and chief executive officer, Glenn Lurie.
Synchronoss DXP allows operators, service providers and other companies to design a unified, interactive customer experience across mobile apps, call centres, in-store point-of-sale interactions and online.
Telkom Indonesia will be able to use the platform across all its business units, including consumer and enterprise services, to improve operational agility and support the expansion of digital services that incorporate new media, content and e-commerce offerings.
It also benefits effortless integration with legacy customer relationship management and complex back-end systems, and easy-to-use, intuitive drag-and-drop dashboard to easily create, configure and launch end-to-end digital customer journeys across multiple engagement channels.
More information at https://synchronoss.com.
-- BERNAMA
Wednesday, August 14, 2019
SHISEIDO AND TORY BURCH ANNOUNCE LONG-TERM BEAUTY PARTNERSHIP AGREEMENT
TOKYO & NEW YORK, Aug 8 (Bernama-BUSINESS WIRE) -- Shiseido Company, Limited (“Shiseido”), a leading global beauty company, and Tory Burch LLC (“Tory Burch”) today announced that they have entered into a long-term partnership agreement under which Shiseido will have the exclusive worldwide license to develop, market, and distribute Tory Burch beauty brands. The agreement will be effective as of January 1, 2020. Tory Burch’s beauty license will be managed by Shiseido Group’s Americas region headquartered in New York City.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190807005529/en/
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190807005529/en/
Tory Burch is an American lifestyle brand that embodies the personal style, global mindset and aesthetic of its Executive Chairman and Chief Creative Officer, Tory Burch, a modern and dynamic entrepreneur who launched her company in 2004. Today, the collection includes ready-to-wear, shoes, handbags, accessories, watches, home and fragrance. The first Tory Burch fragrance products were launched in 2013, and are currently available in Tory Burch boutiques and luxury retailers around the world.
Saturday, August 10, 2019
FINANCIAL LITERACY KNOWLEDGE TRANSFORMS LIVES
KUALA LUMPUR, Aug 8 (Bernama) -- MFPC rallies the action of the Malaysian government with the implementation of a National Strategy for Financial Literacy which was launched on July 23, 2019, a five-year plan that aims to raise the country’s low level of financial literacy. The initiative has 5 key thrusts and key to the success of the strategy would be successfully implementing financial literacy knowledge for the Kindergarten to Grade 12 (K-12) segment, as well as programmes for Youths and the public generally.
Since its inception in the year 2004 at the Malaysian government’s initiative, MFPC has been conducting numerous financial literacy sessions for the public through its UNESCO commended programme “My Money & Me”. Since the year 2018, the programme has entailed a multi-stakeholder approach mapping a way forward through clear coordinated collaboration with relevant agencies targetting to bring basic financial literacy knowledge to as many Malaysians. In line with this, programmes are held for youths through Majlis Belia Malaysia and the 24 universities affiliated with the Council as well as for FELDA Settlers and individuals at rural areas. In addition, the programmes are also conducted for Civil Servants.
Connecting the bridge of financial literacy to Malaysians is certainly not an easy task and needs collective effort from all stakeholders. At the heart of the matter, we are convinced that such efforts should be continuous and consistent in order for it to be fruitful and the Council hopes its eventual collaborative engagements with Financial Education Network (FEN) would bring about one key goal of people being able to enjoy better financial and emotional well-being by being able to manage, save, spend and invest their money. Vincent Kwo Shih Kang, President of the Council said, “through the establishment of the FEN collaboration framework, Malaysians from all walks of life must be the beneficiaries”. He reiterated that the Council’s is poised to a make a difference with its 13,000 qualified members in alignment with the FEN initiative and raise optimism that the formation of a national strategy would help raise awareness on the importance of financial literacy among Malaysians. He applauds the action of the government on the formulation of a national strategy.
The Council has in recent years delivered game-changing initiatives in educating Malaysians on financial literacy including through gamification methodology. Our goal is simply this, Malaysians must be aware of the essential benefits of financial planning as it could make a lasting social impact for the Country. The Council’s upcoming one day Financial Literacy Workshop for members of the public is at Kolej Poly-Tech Mara (KPTM), Kota Bharu, Kelantan on 24 August 2019 from 9.00am until 5.00pm and at Dewan Hasil Sri Mutiara, Menara Hasil, PJ Trade Centre on 2ndNovember 2019.For more information and to register please visit www.mfpc.org.my
http://mrem.bernama.com/viewsm.php?idm=35185
Friday, August 9, 2019
PPG invests US$15 million in Singapore Aerospace application support centre
KUALA LUMPUR, Aug 9 (Bernama) -- PPG has invested US$15 million in a new 38,750 sq ft application support centre (ASC) at the Seletar Aerospace Park near the Seletar Airport in Singapore. (US$1 = RM4.19).
The project is the company’s largest investment to date, in Southeast Asia, according to a statement.
Scheduled for completion in the first quarter next year, the ASC will accommodate increased demand for aerospace sealants and coatings, chemical management services and the packaging of third-party products.
“Having this state-of-the-art facility in Seletar will help increase collaboration and allow PPG to deliver efficient, value-added services to our customers locally,” said PPG general manager, aerospace products (Asia Pacific), Ranju Arya.
Headquartered in Pittsburgh, PPG’s global aerospace business offering includes coatings, sealants, transparencies, packaging and application systems and transparent armour. More information at https://www.ppg.com.
-- BERNAMA
The project is the company’s largest investment to date, in Southeast Asia, according to a statement.
Scheduled for completion in the first quarter next year, the ASC will accommodate increased demand for aerospace sealants and coatings, chemical management services and the packaging of third-party products.
“Having this state-of-the-art facility in Seletar will help increase collaboration and allow PPG to deliver efficient, value-added services to our customers locally,” said PPG general manager, aerospace products (Asia Pacific), Ranju Arya.
Headquartered in Pittsburgh, PPG’s global aerospace business offering includes coatings, sealants, transparencies, packaging and application systems and transparent armour. More information at https://www.ppg.com.
-- BERNAMA
Thursday, August 8, 2019
JPMorgan chase invests in America´s FreshBooks
KUALA LUMPUR, Aug 8 (Bernama) -- JPMorgan Chase & Co has made strategic investment in America’s leading small business accounting software, FreshBooks.
As part of the investment, a JPMorgan Chase representative will join FreshBooks’ board of directors.
The investment follows two previous institutional funding rounds for FreshBooks, namely a US$30 million Series A funding round in July 2014, and US$43 million Series B funding round in July 2017. (US$1=RM4.21)
FreshBooks chief executive officer (CEO) and co-founder, Mike McDerment said: “Our mission is to reshape the world to suit the needs of self-employed professionals and their teams.
“We see a significant opportunity to combine the strength and scale of JPMorgan Chase’s banking and payment capabilities with FreshBooks’ expertise in software design to create mass adoption for small businesses, and propel us closer to achieving that world.”
Meanwhile, according to Chase Merchant Services SMB Product head, Bill Clerico, FreshBooks is one of the smartest, easiest-to-use software options for small businesses.
Clerico is also CEO of WePay, the integrated payment business of JPMorgan Chase.
-- BERNAMA
Fusionex, Google Cloud partnership facilitate SMEs digital transformation journey
KUALA LUMPUR, Aug 8 (Bernama) -- Fusionex, a multi-award winning, leading software solutions provider is building its product and service offerings on Google Cloud Platform (GCP) technologies to help the digital transformation journey of small medium enterprises (SMEs) across Asia-Pacific.
Specialising in Big Data Analytics (BDA), Artificial Intelligence (AI), and Industrial Revolution (IR) 4.0 technologies, Fusionex has built its ‘Giant BDA’ suite of solutions that are specially tailored for SMEs on GCP, according to a statement.
“This collaboration will see joint investments from both companies, empowering SMEs to take up BDA, AI, and IR4.0 initiatives,” said Fusionex managing director (New Technologies), Jacob Isaac.
GCP allows customers to build, test and deploy applications on a highly scalable and reliable infrastructure with offerings that span storage, networking, data, analytics, app development and machine learning tools and APIs.
As a Google Cloud Services Partner, Fusionex also offers training programmes and consulting services for SMEs, enabling them to build their competencies around GCP to advance their businesses.
Fusionex’s suite of solutions allows businesses to take advantage of organisational and market data trends without having to worry about the technical complexities of coding or underlying technology.
More information at https://www.fusionex-international.com.
-- BERNAMA
Specialising in Big Data Analytics (BDA), Artificial Intelligence (AI), and Industrial Revolution (IR) 4.0 technologies, Fusionex has built its ‘Giant BDA’ suite of solutions that are specially tailored for SMEs on GCP, according to a statement.
“This collaboration will see joint investments from both companies, empowering SMEs to take up BDA, AI, and IR4.0 initiatives,” said Fusionex managing director (New Technologies), Jacob Isaac.
GCP allows customers to build, test and deploy applications on a highly scalable and reliable infrastructure with offerings that span storage, networking, data, analytics, app development and machine learning tools and APIs.
As a Google Cloud Services Partner, Fusionex also offers training programmes and consulting services for SMEs, enabling them to build their competencies around GCP to advance their businesses.
Fusionex’s suite of solutions allows businesses to take advantage of organisational and market data trends without having to worry about the technical complexities of coding or underlying technology.
More information at https://www.fusionex-international.com.
-- BERNAMA
Toshiba memory corporation showcases CM6 Series SSDs at Flash Memory Summit, USA
KUALA LUMPUR, Aug 7 (Bernama) -- Toshiba Memory Corporation, the world leader in memory solutions has developed the industry’s fastest-class, PCIe® 4.0 NVMe™ SSDs for enterprise applications.
The device has achieved a sequential read performance of over 6.4GB/s, according to a statement.
A reference display and a demo of the new CM6 Series SSDs will be showcased at Toshiba Memory America’s booth at the Flash Memory Summit in Santa Clara, USA until Aug 8.
It supports dual-port PCIe® Gen4 x4 lanes and is NVMe™ 1.4 compliant. The family of enterprise NVMe SSDs will be available in a 2.5-inch form factor with capacity points from 800GB to 30TB.
More information at https://business.toshiba-memory.com.
-- BERNAMA
Wednesday, August 7, 2019
DATATRACKS PLANS NEXT VERSION OF RAINBOW SOFTWARE FEATURING ARTIFICIAL INTELLIGENCE AND MACHINE LEARNING
NEW YORK, Aug 7 (Bernama-BUSINESS WIRE) -- DataTracks, a global leader in providing cloud based software application for preparation of compliance reports announces plans for the next version of its Rainbow software featuring artificial intelligence and machine learning capabilities.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190806005731/en/
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190806005731/en/
Singapore based DataTracks is a global leader in providing software and services to help business enterprises prepare and file compliance reports with regulators (such as SEC in United States). DataTracks counts more than 16,600 clients in 24 countries.
Monday, August 5, 2019
EXR to be stable preservation digital asset for global businesses
KUALA LUMPUR, Aug 5 (Bernama) -- EXR Foundation Limited and a stellar consortium of partners will launch EXR, a new stable digital asset, to be governed by a Libra-like association.
EXR aims to bridge industries of blockchain and traditional finance, acting as a safe capital preservation asset that would help businesses hedge against looming international trade conflicts.
The alliance of established technology companies, telecoms players, payment gateways, high-tech manufacturers, non-governmental organisations and more will oversee the EXR foundation which is tasked with the final design of EXR and to roll out the solution.
EXR is set up so that any company will be able to accept the digital asset and build wallets collectively that can be used by businesses of all sizes and types, in much the same way as how Bitcoin organically attracted wallet providers and exchanges.
However, EXR is a much more open platform where participants will be able to propose and implement rules and tech protocols in an open voting structure.
EXR also aims to simplify the relationship between demand and supply of goods and services with a stable means of transaction.
Customers and merchants can trade stress-free, secure in the knowledge that EXR‘s value stays consistent with that of major fiat currencies at all times.
More details at https://www.exr.org/
-- BERNAMA
EXR aims to bridge industries of blockchain and traditional finance, acting as a safe capital preservation asset that would help businesses hedge against looming international trade conflicts.
The alliance of established technology companies, telecoms players, payment gateways, high-tech manufacturers, non-governmental organisations and more will oversee the EXR foundation which is tasked with the final design of EXR and to roll out the solution.
EXR is set up so that any company will be able to accept the digital asset and build wallets collectively that can be used by businesses of all sizes and types, in much the same way as how Bitcoin organically attracted wallet providers and exchanges.
However, EXR is a much more open platform where participants will be able to propose and implement rules and tech protocols in an open voting structure.
EXR also aims to simplify the relationship between demand and supply of goods and services with a stable means of transaction.
Customers and merchants can trade stress-free, secure in the knowledge that EXR‘s value stays consistent with that of major fiat currencies at all times.
More details at https://www.exr.org/
-- BERNAMA
CHICAGO BOOTH EXECUTIVE EDUCATION ADDS MORE GLOBAL FLEXIBILITY TO ADVANCED MANAGEMENT PROGRAM
CHICAGO, Aug 2 (Bernama-BUSINESS WIRE) -- The University of Chicago Booth School of Business Executive Education is adding more flexibility to one of its most popular programs for senior executives, giving top business leaders the option to complete an elective in Chicago and in Asia.
Starting with the October 2019 cohort, Chicago Booth will offer senior executives enrolled in the Advanced Management Program the flexibility to choose to attend two of the many two-day-long programs at Booth’s Hong Kong campus in order to fulfill one elective requirement. This addition allows executives to complete the program around the globe with more personalization.
http://mrem.bernama.com/viewsm.php?idm=35142
Starting with the October 2019 cohort, Chicago Booth will offer senior executives enrolled in the Advanced Management Program the flexibility to choose to attend two of the many two-day-long programs at Booth’s Hong Kong campus in order to fulfill one elective requirement. This addition allows executives to complete the program around the globe with more personalization.
http://mrem.bernama.com/viewsm.php?idm=35142
FORMER TATA COMMUNICATIONS' DIRECTOR JOINS SIMO CORPORATION AS CEO OF IOT & B2B BUSINESS UNIT
SAN FRANCISCO, Aug 1 (Bernama-BUSINESS WIRE) -- SIMO Corporation, the parent company behind Skyroam (http://www.skyroam.com/), a leading portable WiFi device brand, announces the establishment of a new IoT & B2B business unit, with Ludovic Lassauce, former head of mobile and Internet of Things in the Asia-Pacific region for Tata Communications, appointed as CEO. Following SIMO Corporation’s strategy to become the reference open connectivity platform (PaaS) for IoT devices, the new business unit will enable any 3rd party devices with its virtual eSIM™ technology that is already serving over 10 million Skyroam WiFi users globally.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190731006139/en/
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190731006139/en/
Since the beginning of IoT, the industry has ushered in waves of new innovative companies, from startups to larger enterprises such as Amazon, Google or Microsoft. However, the growth of IoT remained slow due to the fragmentation of different complex layers of services to be integrated together including hardware, software to cloud, and global connectivity. According to Ericsson Mobile Trend Report, by 2025 the number of Internet of Things connections will reach 13.8 billion, and all these new devices will increase the need to be always connected to a myriad of Internet content and applications.
Friday, August 2, 2019
Ingredion Incorporated reports Q2 2019 results
KUALA LUMPUR, Aug 2 (Bernama) -- Ingredion Incorporated, a global ingredient solutions provider to diversified industries, has reported its results for the second quarter 2019.
Second quarter and year-to-date net sales were down from the year-ago period, driven by unfavourable foreign currency impacts and planned Stockton HFCS as well as industrial starch volume shed.
At June 30, total debt and cash and short-term investments were US$2.1 billion and US$301 million, respectively, versus US$2.1 billion and US$334 million, respectively, at December 31, 2018. (US$1=RM4.15)
The decrease was primarily due to the timing of changes in working capital and recent acquisitions and investments.
Meanwhile, net financing costs were US$16 million, making US$9 million lower in the second quarter from the year-ago period which resulted from foreign exchange gains lapping losses.
Reported and adjusted effective tax rates for the quarter were each 29.6 per cent compared to 31.4 per cent and 30.5 per cent, respectively, from the year-ago period.
The decrease resulted from the relative lower valuation of the Mexican peso impacting the US dollar denominated balances in Mexico. This was partially offset by a change in earnings mix and other factors.
The company recorded US$156 million for capital expenditures, down US$4 million from the year-ago period.
More details on the results at https://www.ingredionincorporated.com
-- BERNAMA
Second quarter and year-to-date net sales were down from the year-ago period, driven by unfavourable foreign currency impacts and planned Stockton HFCS as well as industrial starch volume shed.
At June 30, total debt and cash and short-term investments were US$2.1 billion and US$301 million, respectively, versus US$2.1 billion and US$334 million, respectively, at December 31, 2018. (US$1=RM4.15)
The decrease was primarily due to the timing of changes in working capital and recent acquisitions and investments.
Meanwhile, net financing costs were US$16 million, making US$9 million lower in the second quarter from the year-ago period which resulted from foreign exchange gains lapping losses.
Reported and adjusted effective tax rates for the quarter were each 29.6 per cent compared to 31.4 per cent and 30.5 per cent, respectively, from the year-ago period.
The decrease resulted from the relative lower valuation of the Mexican peso impacting the US dollar denominated balances in Mexico. This was partially offset by a change in earnings mix and other factors.
The company recorded US$156 million for capital expenditures, down US$4 million from the year-ago period.
More details on the results at https://www.ingredionincorporated.com
-- BERNAMA
Thursday, August 1, 2019
Zynga announces Q2 2019 financial results
KUALA LUMPUR, Aug 1 (Bernama) -- Zynga Inc has released its financial results for the second quarter ended June 30, by posting the management’s Q2 2019 Quarterly Earnings Letter to its Investor Relations website.
The company management will also host a conference call at 2pm Pacific Time (5pm Eastern Time) to discuss the results.
Zynga is a global leader in interactive entertainment games, available in over 150 countries and are playable across social platforms and mobile devices worldwide.
Access the letter at http://investor.zynga.com/financial-information/quarterly-results and conference call at http://investor.zynga.com
-- BERNAMA
The company management will also host a conference call at 2pm Pacific Time (5pm Eastern Time) to discuss the results.
Zynga is a global leader in interactive entertainment games, available in over 150 countries and are playable across social platforms and mobile devices worldwide.
Access the letter at http://investor.zynga.com/financial-information/quarterly-results and conference call at http://investor.zynga.com
-- BERNAMA
GTARCADE'S HUNGER HEROES GAMING MARATHON IS HERE
SHANGHAI, July 29 (Bernama-BUSINESS WIRE) -- YOOZOO Games is limbering up for an epic gaming marathon next month, as gamers all over the world get ready to turn their on-screen efforts into meals; all in support of the World Food Programme’s (WFP) fight against hunger in some of the world’s most vulnerable regions.
Gaming fans will get to enjoy exclusive gameplay features and events during the week-long initiative; by joining in they will be helping to raise crucial funding for the World Food Programme. The premise is simple: the more you play, the more YOOZOO donates. #GTarcadeHungerHeroes is a call from GTarcade to experience, to share and to make more people aware of the existence of hunger — participating in fun, charitable activities that will aid WFP in their mission to reach a world with zero hunger.
http://mrem.bernama.com/viewsm.php?idm=35089
Gaming fans will get to enjoy exclusive gameplay features and events during the week-long initiative; by joining in they will be helping to raise crucial funding for the World Food Programme. The premise is simple: the more you play, the more YOOZOO donates. #GTarcadeHungerHeroes is a call from GTarcade to experience, to share and to make more people aware of the existence of hunger — participating in fun, charitable activities that will aid WFP in their mission to reach a world with zero hunger.
http://mrem.bernama.com/viewsm.php?idm=35089
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