KUALA LUMPUR, Jan 13 (Bernama) -- Perma-Pipe International Holdings Inc (Perma-Pipe), announced it has received a formal letter of award with value exceeding US$43 million for a development project located in the Gulf Cooperation Council (GCC) region. (US$1=RM4.51)
In a statement, the company said it will provide thermal insulation, anti-corrosion coatings, and other services from its Abu Dhabi facility, with work on the project is slated to begin in the third quarter of this year.
“This award provides evidence that our technologies are well-positioned to meet the complex requirements in virtually all geographies as we continue our focus on highly active oil and gas markets worldwide.
“This project continues an increase in large-scale project activity we are seeing globally and, when coupled with other recently announced project awards, further strengthens our record backlog position heading into 2025,” said its President and Chief Executive Officer, David Mansfield.
Meanwhile, Perma-Pipe MENA region Senior Vice President, Saleh Sagr said this award follows the successful execution of numerous development projects in the region.
“Our differentiated coating solutions have proven to be well-suited for technically challenging projects. We would like to thank our customers for this significant award,” added Sagr.
This project will utilise Perma-Pipe’s anti-corrosion coatings capabilities, fabrication, and the TRACE-THERM insulation system, a spray-applied polyurethane foam jacketed with a high-density polyethylene casing.
A global leader in pre-insulated piping and leak detection systems for oil and gas, district heating and cooling, Perma-Pipe has operations at 15 locations in six countries. It uses its extensive engineering and fabrication expertise to develop piping solutions that solve complex challenges regarding the safe and efficient transportation of many types of liquids.
-- BERNAMA
Monday, January 13, 2025
PERMA-PIPE SECURES US$43 MLN CONTRACT FOR DEVELOPMENT PROJECT IN GCC REGION
Thursday, January 9, 2025
SYNCHRONOSS TECHNOLOGIES TO PRESENT AT INVESTOR CONFERENCES THIS MONTH
Wednesday, January 8, 2025
ANTOM, AIRASIA MOVE JOIN FORCES FOR SEAMLESS PAYMENT SOLUTIONS
KUALA LUMPUR, Jan 8 (Bernama) -- Singapore-headquartered Ant International announced its payment and digitisation services provider, Antom, with AirAsia MOVE, has signed a partnership agreement to transform travel, including seamless payment experiences on the app.
Under the agreement, AirAsia MOVE will work closely with Antom and 2C2P, a full-suite global payments platform and a subsidiary of Antom.
According to a statement, this collaboration is set to integrate Antom and 2C2P’s advanced payment solutions, including payment orchestration and acquiring for both cards and local payment methods (LPMs), into AirAsia MOVE’s platform.
These cutting-edge technologies will empower AirAsia MOVE to streamline payment methods, reduce cross-border transaction costs and operational expenses, and broaden its consumer base while providing customers with a wider range of preferred payment options.
“Our advanced solutions, including payment orchestration and acquiring for both cards and LPMs, enable AirAsia MOVE to expand its reach to more consumers across the Asia-Pacific region and beyond.
“By combining our expertise and AI-driven payment technologies, we are committed to improving operational efficiency, enhancing customer satisfaction, and unlocking long-term value together,” said General Manager of Antom, Ant International, Gary Liu.
Meanwhile, AirAsia MOVE Chief Executive Officer, Nadia Omer said: “By integrating Antom and 2C2P’s advanced solutions, we are enhancing efficiency, improving customer satisfaction, and delivering significant cost savings.”
This partnership agreement between AirAsia MOVE, Antom, and 2C2P is part of a strategic partnership announced last March between Capital A and Ant International that covers various areas.
This includes exploring ways to integrate more payment methods and providing acquiring services to Capital A’s platforms, working on digital marketing and sponsorship opportunities to drive business growth, and cooperating in enhancing access to sustainable finance while transitioning to a low-carbon economy for the micro, small and medium enterprise community.
-- BERNAMA
Monday, December 23, 2024
PACIFIC PRIME CXA WINS HR ONLINE'S PRESTIGIOUS VOTY 2024 HR MANAGEMENT SYSTEM (SMB) AWARD
Pacific Prime CXA Wins HR Online’s Prestigious VOTY 2024 HR Management System (SMB) Award. (Photo: Business Wire)
SINGAPORE, Dec 23 (Bernama-BUSINESS WIRE) -- Presented by Human Resources Online, global employee benefits specialist Pacific Prime CXA’s Flex Portal was honored with the Bronze Award for Best HR Management System (SMB) at the HR Vendors of the Year Awards in Singapore.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241219490281/en/
A resounding echo of last year, where the company won the Bronze Award for Best HR Management System (Enterprise), Pacific Prime CXA has gone to outstanding lengths to remain a top insurance broker in terms of HR management systems and international health insurance, retaining their unique position as the only broker to win awards in this category.
Voted as a top 3 HR management system, Pacific Prime CXA's Flex Portal is a state-of-the-art benefits management system designed specifically to address the needs of small to medium-sized businesses (SMBs). In an era of evolving workforce demands and an increasingly competitive talent market, this platform empowers HR teams and employees by streamlining employee benefits administration and boosting staff engagement. With features such as real-time eWallet updates, seamless integration with third-party providers, and a highly customizable interface, the Flex Portal simplifies complex insurance mechanisms, ensuring efficiency and cost-effectiveness.
For HR teams, the portal automates administrative processes, reduces manual workloads, and provides a centralized platform for managing flex and insurance claims. Employees, on the other hand, benefit from a user-friendly interface that offers a personalized experience, from adjusting life and medical insurance coverage to accessing wellness resources and tailored health assessments. Additional features like OCR receipt scanning, a clinic locator, and in-app purchases further enhance its convenience.
By addressing the unique challenges of SMBs, the Flex Portal maximizes return on investment through flexibility and strategic cost management. With a commitment to continuous improvement and user-centric design, Pacific Prime CXA positions the Flex Portal as a vital tool for businesses seeking to thrive in a dynamic global environment.
Heena Bose, CEO at Pacific Prime CXA, shared:
"This recognition is a testament to the hard work and innovation of our talented team. The Flex Portal was designed with a strong commitment to helping small and medium-sized businesses attract and retain top talent. We remain focused on ongoing innovation, and with continued collaboration, we are confident that the Flex Portal will continue to shape the future of HR management and employee benefits, enabling businesses and their employees to thrive in a rapidly changing world.”
To learn more about Pacific Prime CXA’s Flex Portal, please visit: https://www.pacificprime.com/corporate/pacificprime-cxa-portal
About Pacific Prime
Established in 2000, Pacific Prime is an award-winning global insurance brokerage and employee benefits specialist that offers international health insurance and corporate insurance solutions. With a USD $1 billion premium under management, Pacific Prime is now the third largest employee benefits broker in the Asia Pacific. The brokerage has over 1,000 employees and 15 offices worldwide, including Hong Kong, Singapore, China, Thailand, Malaysia, the UAE, Indonesia, the UK, the US, Mexico, the Philippines, and Australia.
To learn more about Pacific Prime, please visit: https://www.pacificprime.com/corporate
View source version on businesswire.com:
https://www.businesswire.com/news/home/20241219490281/en/
Contact
Stephen Ho
Chief Marketing Officer
Pacific Prime
+852 3589 0508
Source : Pacific Prime
Thursday, December 19, 2024
MRI-Simmons Joins Truthset Data Collective To Reaffirm Data Accuracy, Transparency
KUALA LUMPUR, Dec 18 (Bernama) -- MRI-Simmons, a provider of insights on the American consumer, has joined the Truthset Data Collective, a group of data providers uniting to ensure the highest degree of accuracy and quality for the marketing industry.
This move underscores the insights leader’s commitment to transparency and accuracy, two qualities the company has upheld for over 70 years, according to a statement.
MRI-Simmons majority owner, who is also NIQ Head of Global Media, Lana Busignani said that joining the Truthset Data Collective reaffirms the company’s commitment to providing high-quality data that supports more effective digital and addressable activation outcomes,” she said.
Meanwhile, Truthset Chief Executive Officer, Scott McKinley expressed excitement over MRI-Simmons’ involvement, highlighting their shared goal of advancing data accuracy standards in the marketing industry.
For MRI-Simmons, the Truthset relationship provides additional validation that its data sets are of the highest possible quality, which can be trusted by the industry at large.
With four MRI-Simmons products already accredited by the Media Ratings Council, including its core consumer study ‘United States of America (USA)’, the Data Collective membership adds another layer of transparency to an already arduous process that includes rigorous annual audits conducted by an independent Certified Public Accountant (CPA) firm.
Joining Truthset’s Data Collective comes on the heels of MRI-Simmons expanding its data enrichment solutions, which help marketers improve the quality and utility of first-party data. With marketers tasked with driving greater media efficiency and return on advertising investments, the accuracy and reliability of third-party data sets used for enrichment are now paramount.
Launched in December of 2022, the Truthset Data Collective was formed to provide the industry with a multi-sourced and objectively accurate service to standardise demographic accuracy for audience targeting and media measurement.
A leader in consumer insights for over 60 years, MRI-Simmons possesses one of the few single-source, privacy-compliant data sets that is widely used for consumer profiling, media planning, data enrichment, and activation.
-- BERNAMA
MEDIDATA, CLINCHOICE EXTEND PARTNERSHIP TO ENHANCE CLINICAL TRIAL EFFICIENCY, INNOVATION
KUALA LUMPUR, Dec 20 (Bernama) -- Medidata, a Dassault Systèmes brand and provider of clinical trial solutions to the life sciences industry, has renewed its long-standing enterprise partnership with ClinChoice, a global contract research organisation (CRO).
Under this new agreement, ClinChoice will utilise the Medidata Platform to streamline study data and supply management, boost trial efficiency, and accelerate growth as a full-service CRO in Asia, Europe, and North America.
ClinChoice also plans to prioritise Clinical Data Studio accreditation, further enhancing its capabilities through a transformative artificial intelligence (AI)-powered data quality management experience.
Medidata senior vice president and general manager, APAC, Edwin Ng in a statement said ClinChoice’s dedication to innovation and patient-centred approaches makes them an invaluable partner.
“With this renewed partnership, we look forward to empowering ClinChoice with Medidata’s advanced solutions to further streamline their trial operations, expand their global reach, and accelerate access to life-changing therapies for patients worldwide,” he said.
Meanwhile, ClinChoice global chairman and chief executive officer, Ling Zhen noted that since the company’s first implementation of Medidata Rave EDC in 2011, its partnership with Medidata has supported its development, starting in the United States, then China, and eventually to the wider global stage.
“We are delighted to extend our work together to include Medidata’s Clinical Data Studio and other advanced technologies to further boost our expansion,” Ling added.
ClinChoice’s commitment in utilising Medidata’s solution has spanned over a decade, facilitating secure connections among patients, sites, and sponsors within a unified cloud environment.
By integrating Medidata’s solutions, ClinChoice continues to strengthen its operational efficiency and position itself for growth in today’s increasingly complex clinical trial landscape.
-- BERNAMA
Sunday, December 15, 2024
AM Best Upgrades Malaysia’s Tune Protect Re Issuer Credit Rating
KUALA LUMPUR, Dec 13 (Bernama) -- Global credit rating agency, AM Best has upgraded Malaysia’s Tune Protect Re Ltd (TPR) long-term issuer credit rating (long-term ICR) to “bbb+” (good) from “bbb” (good) and affirmed the financial strength rating (FSR) of B++ (good).
In addition, AM Best, in a statement, said it has revised the long-term ICR outlook to stable from positive, while the outlook of the FSR is stable.
The credit ratings (ratings) reflect TPR’s balance sheet strength, which the credit rating agency assesses as strong, as well as its strong operating performance, limited business profile and appropriate enterprise risk management.
The upgrade of the Long-Term ICR reflects an improvement in the company’s operating performance in recent periods. Despite exhibiting volatile premium growth and operating earnings during the COVID-19 pandemic, the growth of the travel insurance operation has since normalised, resulting in more stable underwriting performance.
In 2023, TPR reported a robust combined ratio (net-net) of 84.6 per cent and a return-on-equity ratio of 16.4 per cent (as calculated by AM Best). In the first three quarters of 2024, TPR’s operating performance remains favourable, supported by strong technical profitability and investment performance.
TPR’s balance sheet strength is supported by its risk-adjusted capitalisation, which is expected to remain at the strongest level over the medium term, as measured by Best’s Capital Adequacy Ratio.
The company maintains a conservative investment portfolio, predominantly in unit trust funds with high-quality fixed-income securities. However, its modest-sized absolute capital base of US$33 million at the end of 2023, compared with its peer reinsurers, exposes the company to potential volatility in stressed scenarios. (US$1=RM4.43)
AM Best’s balance sheet strength analysis also incorporates a neutral holding company impact from Tune Protect Group Berhad (TPG), TPR’s ultimate parent.
Although TPR’s business profile is considered limited given its position as a niche reinsurer with a focus on travel-related insurance products, it benefits from leveraging TPG’s in-house technology platform to support and distribute policies in collaboration with corporate partners, including airlines and travel agencies. Over the medium term, TPR is expected to exhibit moderate underwriting growth.
-- BERNAMA