A.M. BEST PLACES CREDIT RATINGS OF KB INSURANCE CO., LTD. UNDER REVIEW WITH POSITIVE IMPLICATIONS

HONG KONG, April 18 (Bernama-BUSINESS WIRE) -- A.M. Best has placed under review with positive implications the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of KB Insurance Co., Ltd. (KB Insurance) (South Korea).
 

The Credit Rating (rating) action follows KB Financial Group Inc.’s (KB Group) announcement on April 17, 2017, that it will acquire 60.19% of the outstanding shares of KB Insurance. The KB Group currently owns 39.81% of KB Insurance’s shares. The under review with positive implications status reflects the potential financial and operational benefits that KB Insurance could derive from being a member of the larger and more diverse KB Group.

A.M. Best expects to resolve the under review with positive implications status of the ratings following the completion of the discussions with management regarding the company’s business plans and the strategic role that KB Insurance will play in KB Group’s structure. Any actual or anticipated changes to KB Insurance’s financial profile will be reviewed to assess the impact on the company’s ratings. Additionally, A.M. Best will factor its view of KB Group’s credit profile into the final rating determination.

Ratings are communicated to rated entities prior to publication. Unless stated otherwise, the ratings were not amended subsequent to that communication.

This press release relates to Credit Ratings that have been published on A.M. Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see A.M. Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Best’s Credit Ratings.

A.M. Best is the world’s oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.

Copyright © 2017 by A.M. Best Rating Services, Inc. and/or its subsidiaries. ALL RIGHTS RESERVED.
 

Contacts

A.M. Best
Sergio Agena, +852-2827-3407
Associate Financial Analyst
sergio.agena@ambest.com
or
Seewon Oh, +852-2827-3404
Associate Director, Analytics
seewon.oh@ambest.com
or
Christopher Sharkey, +1-908-439-2200, ext. 5159
Manager, Public Relations
christopher.sharkey@ambest.com
or
Jim Peavy, +1-908-439-2200, ext. 5644
Director, Public Relations
james.peavy@ambest.com

 

Source: A.M. Best

 

View this news release online at:
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--BERNAMA

"FINTECH SOLUTIONS IN ISLAMIC WEALTH MANAGEMENT & FINANCIAL PLANNING"

KUALA LUMPUR, April 17 (Bernama) -- The leading players in Islamic Wealth Management and Financial Planning once again gathered at the 4th MFPC International Conference on Islamic Wealth Management & Financial Planning (ICWMFP) at Putra World Trade Centre (PWTC), Kuala Lumpur on 15 April 2017.

With the pertinent need of early knowledge of Fintech among the financial fraternity, MFPC has decided to organise this year conference with the theme “Islamic Wealth Management and Fintech Solutions”. 4th ICWMFP saw experts from finance, banking, academician and the Fintech sector. Zainal Izlan Zainal Abidin, Managing Director of Islamic Capital Market from Securities Commission (SC) Malaysia delivered the key note address.

The organising chairman of the conference, Assoc. Prof. Dr Ahcene Lahsasna stated that this year’s conference provide alertness about the challenges and the advantages of Fintech in Islamic wealth management. He also added that Fintech has become such a global interest and the technology would alter the Islamic Wealth Management Industry.

“It is undeniable that we see many financial products and services is being marketed through the internet; through company’s e-platform or system today; while we could anticipate greater sale volume to be achieved and at the same time, these distribution channels may also bring new challenges to the finance industry. I believe today’s conference will further emphasize the importance, the challenges and the advantages of Fintech in Islamic wealth management”. 

http://mrem.bernama.com/viewsm.php?idm=28908

NTT AND TELKOM INDONESIA LAUNCH "APAC TELECOM INNOVATION INITIATIVE (ATII)" TO CREATE NEW NETWORK SERVICES IN ASIA-PACIFIC REGION BASED ON VIRTUAL INFRASTRUCTURE TECHNOLOGIES

TOKYO, Apr. 18, 2017 /Kyodo JBN-AsiaNet/ --

Nippon Telegraph and Telephone Corporation (NTT) and PT Telkom Indonesia (Persero) Tbk (Telkom Indonesia) established the "APAC Telecom Innovation Initiative (ATII)" as a joint research and development initiative on April 17 with a view to creating new network services in the Asia-Pacific region with a look beyond 2020 focusing on virtual infrastructure technologies. The ATII launch was attended by Tadashi Ito, Senior Vice President, Head of NTT Information Network Laboratory Group, NTT, and Arief Mustain, Executive General Manager (EGM) of Digital Service Division, Telkom Indonesia, in Tokyo on April 17. The initiative will develop technical studies and proof of concepts (PoCs) regarding requirements for new network services in the virtualization era, and aims to expand this initiative together with various partners, including other service providers, who share the initiative's goals.

http://mrem.bernama.com/viewsm.php?idm=28918

'ACCA RECOGNISED TUTOR TRAINING ACADEMY' TO TRAIN MORE PROFESSIONAL ACCOUNTANTS

KUALA LUMPUR, April 18 (Bernama) -- The Association of Chartered Certified 
Accountants (ACCA) launched its first ACCA Recognised Tutor Training Academy with the 
appointment of Inspire Professional Academy (INSPIRE) as an independent training 
centre.

ACCA Asia Pacific Director, Leong Soo Yee said the initiative was an answer to the 
government''s call to train more professional accountants to support Malaysia''s 
progressive economy.

"We strongly believe it''s essential to have the right number and right quality of 
tutors to support the rapidly growing number of students wishing to study ACCA and 
become professional accountants," she said in a statement, today.

The ACCA Recognised Tutor Training Academy, which is ACCA''s first in the world, will 
set new standards in tutor training using a combination of online digital materials 
and face-to-face teaching.

Participants of this training programme will learn the teaching style and methodology 
for professional qualifications which required more strategic and practical 
application. 

Upon completion of the programme, they will receive certificates in recognition of 
their achievements, proving they have undertaken training to develop and teach 
students who will become professional accountants.

Meanwhile, INSPIRE founder Lee Sik Weng said the training centre was ready to groom 
more professional accountants for the programme.

"Developing tutors who already have the technical knowledge with practical 
application skills and know-hows will enhance the employability and increase the 
success rates of Malaysian talents," he said.

As a training center, INSPIRE will assist to develop and nurture lecturers and 
individuals to become effective teachers of the ACCA qualification.

Registration is now open for the first session of the ACCA Recognised Tutor Training 
Academy, which will begin in June. For more information, interested applicants can 
surf www.inspireacademy.com.my 

-- BERNAMA

BRAND UPGRADING : CHINESE AUTO GIANT JAC ANNOUNCES BOLD NEW BRANDING STRATEGY AT ANNUAL CONFERENCE

SUZHOU, China, April 17 (Bernama-BUSINESS WIRE) -- At the 2017 International Distributors’ Conference, held on April 16-19, JAC reaffirmed its plan to build a strong global brand by launching and implementing a new brand upgrade strategy which will be focused on three key areas: technological innovation on products upgrade, exports, and enhanced collaboration within the auto industry. An Jin, JAC Chairman, said, “A breakthrough is not necessarily a business expansion. It can be a brand upgrade. JAC’s breakthroughs are only made when JAC brands compete with Sino-foreign joint-venture brands.”
 

Products Upgrade

JAC’s product portfolio is in line with the philosophy of ‘Enhancing Energy Efficiency, Green Technology, and Safety with Intelligent Design.’ By investing in R&D, JAC has mastered three key technologies in batteries, electric motors and electric controls. JAC has sold over 35,000 units of new energy vehicles, with an accumulative driving mileage of more than 600 million kilometers.

JAC’s line of high-end products include the A60, N series light-duty trucks, and BEST coaches. In 2017, JAC plans to develop more high-end products, including the passenger vehicle masterpiece S7 SUV, along with the MPV M6 and K7 utility truck for commercial use.

Upwards and Outwards: A Global Strategy

JAC Motors’ global business model proved effective throughout 2016, with exports accounting for 8.2% of total sales – a figure set to rise to 10% in 2017. JAC Chairman An Jin pledged to further increase this figure to 20% over the coming years.

By sticking to a sales strategy that focuses on strategic markets, key demographics and consumer needs, JAC now has the 5^th largest export volume in the auto industry, with JAC assembly lines and factories under construction in Kazakhstan, Algeria, Iran, Vietnam and Paraguay. After years of efforts, JAC has finally gained a foothold in the South American market, and is set to enter higher-end markets, such as Australia and New Zealand.

Collaboration is the Key

To seek more collaborations within the industry, JAC signed an agreement with NEXTEV in April 2016, in addition to a memorandum of cooperation with Volkswagen China. The partnership between JAC Motors, which has rich experience in the local electrical vehicle market, and Volkswagen, which has an extensive brand influence, proves to have created tremendous mutual benefits. An Jin stated, “As we hope to expand electric vehicle manufacturing, our doors are always open for widespread cooperation within the industry.”

About JAC Motors

JAC Motors is an automaker that develops full-line independent brand vehicles including light, medium and heavy trucks, sedans, MPV, SRV, buses, chassis, engineering machinery, engines, and gearboxes. Based in Hefei, China, the company’s research and development center drives its innovation. JAC also founded China’s first overseas research and development center in Turin Italy, and a second in Tokyo, Japan.
 

Contacts

JAC Motors
Crystal Feng, +86-551-62296885
jacmotors@jac.com.cn
http://jacen.jac.com.cn/showroom/s5.html
http://goal.jac.com.cn/

 

Source: JAC Motors

 

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--BERNAMA 

TOSHIBA LAUNCHES HIGH-VOLTAGE MULTI-CHANNEL SOLENOID AND UNIPOLAR MOTOR DRIVER IC

TOKYO, April 17 (Bernama-BUSINESS WIRE) -- Toshiba Corporation's (TOKYO:6502) Storage & Electronic Devices Solutions Company today announced the launch of “TB67S111PG,” a multi-channel solenoid and a unipolar motor driver IC that achieves high-voltage and low ON resistance drive. Sample shipments start today, with mass production scheduled to start in May.
 

TB67S111PG incorporates four channels of each low-side MOSFET and regenerative common diode. This enables it to control all output MOSFETs independently and realizes a design that is suited to driving the solenoids and unipolar motors widely used in such applications as amusement equipment (pachinko and slot machines), home appliances (air-conditioners and refrigerators) and industrial equipment (vending machines, banking terminals such as ATMs, office automation equipment and factory automation equipment).

Fabricated with the latest high-voltage analog power process, BiCD 130nm, the motor driver IC achieves an output rating of 80V and reduces IC heat generation by lowering the output ON resistance ^[1] to 0.25Ω.

The IC is packaged in a high heat dissipation H-frame DIP package that can be mounted on low-cost paper phenol board and on a general glass-epoxy board.

Main Features of New Product
1. Four channels of each low-side MOSFET and regenerative common diode
This allows all output MOSFETs to be controlled independently. The IC is suited to multi-channel solenoid drives and unipolar motor drives.

2. High voltage (80V) and low ON resistance (0.25Ω) drive
High-voltage (80V) MOSFET in the output block provides support for solenoid and unipolar motor drives. Heat generation during motor operation can be reduced by low ON resistance (0.25Ω).

3. Lead insert type package (DIP)
The H-frame DIP package, which has high heat dissipation, supports diverse consumer and industrial applications.

4. Built-in error detections with automatic reset functions
A thermal shutdown circuit and overcurrent shutdown circuit protect the IC when abnormalities occur in set usage, and automatically reset IC operation after a specified time.

Main Specifications of New Product
Part number				TB67S111PG
Function				Multi-channel solenoid/ Unipolar driver
Package				DIP16-P-300-2.54A
Input		Control I/F		Full parallel input (CMOS)
		VM power supply voltage		45V (max)
Output		Output rating (voltage)		80V (max)
		Output rating   (current)		1.5A per channel (max)
		Output ON  resistance		0.25Ω (typ.)
		Common diode		Built in
Other features				- Built-in error detection circuits (thermal shutdown and overcurrent shutdown) - Built-in automatic reset function after error detection - Built-in thermal shutdown flag output function - Supports the power-on sequence by the single power drive
Mass production				May 2017 (scheduled)

Note 1: On resistance: Resistance in applying current. When resistance is low, power loss from driving the motor is small and heat generation is reduced.

For more information about the new product, please visit:
https://toshiba.semicon-storage.com/info/lookup.jsp?pid=TB67S111PG®ion=apc&lang=en

For more information about Toshiba’s stepping motor driver ICs, please visit:
https://toshiba.semicon-storage.com/ap-en/product/linear/motordriver/stepping-motor.html

Customer Inquiries
Mixed Signal IC Sales and Marketing Department
Tel:+81-44-548-2821
https://toshiba.semicon-storage.com/ap-en/contact.html

*Information in this document, including product prices and specifications, content of services and contact information, is current on the date of the announcement but is subject to change without prior notice.

About Toshiba
Toshiba Corporation, a Fortune Global 500 company, channels world-class capabilities in advanced electronic and electrical product and systems into three focus business fields: Energy that sustains everyday life, that is cleaner and safer; Infrastructure that sustains quality of life; and Storage that sustains the advanced information society. Guided by the principles of The Basic Commitment of the Toshiba Group, “Committed to People, Committed to the Future”, Toshiba promotes global operations and is contributing to the realization of a world where generations to come can live better lives.

Founded in Tokyo in 1875, today’s Toshiba is at the heart of a global network of 550 consolidated companies employing 188,000 people worldwide, with annual sales surpassing 5.6 trillion yen (US$50 billion). (As of March 31, 2016.)
To find out more about Toshiba, visit www.toshiba.co.jp/index.htm

Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=51541467&lang=en

Contacts

Media Inquiries:
Toshiba Corporation
Storage & Electronic Devices Solutions Company
Chiaki Nagasawa, +81-3-3457-4963
semicon-NR-mailbox@ml.toshiba.co.jp

 

Source: Toshiba Corporation Storage & Electronic Devices Solutions Company

 

View this news release and multimedia online at:
http://www.businesswire.com/news/home/20170416005028/en

--BERNAMA

HCL RENEWS TRANSFORMATIONAL IT ENGAGEMENT WITH SINGAPORE EXCHANGE

HCL RENEWS TRANSFORMATIONAL IT ENGAGEMENT WITH SINGAPORE EXCHANGE