SERDANG, July 31 (Bernama) -- Putra Business School (PBS) organized its industrial talk with Adjunct Professor Nora A Manaf, Group Chief Human Capital Officer, Maybank on ‘Living the Maybank Brand’. The talk was held on 27thJuly 2019 at Putra Business School Auditorium. The event had successfully attracted more than 70 postgraduate students. Also present were the President & CEO of PBS, Prof. Dr. Zulkornain Yusop and PBS faculty member, Prof. Dr. Abu Bakar Sade. The speaker graciously shared her expansive experience on building its Maybank brand and her concern for millennials in keeping abreast with the demand of IR 4.0. She has also emphasized that every employer needs to have employees who are digital literate and be a problem solver to spearhead the current development.
She notably made it clear from her ideas in building a humanized workplace through various initiatives whereby she implemented the up to one-year maternity leave for female staff. This was to enhance the employees working engagement, commitment and performance.
Bringing an industry player is an excellent exposure to have greater understanding on the real-life practices in industry. “The talk allows me to understand the challenges that the most organizations are facing today, this is truly a beneficial knowledge for both my studies and work” said Elizabete Kalnozola, an MBA student. The talk ended with a token of appreciation presented to Puan Nora and a group photo session.
ABOUT PUTRA BUSINESS SCHOOL
Putra Business School (PBS) was formerly known as the Graduate School of Management (GSM), Universiti Putra Malaysia (UPM). It is a leading business school in Malaysia and the first post-graduate business school accredited by AACSB - The Association to Advance Collegiate Schools of Business. Only fewer than 5% of business schools worldwide have these accreditation. PBS is also accredited by ABEST21 (The Alliance on Business Education and Scholarship for Tomorrow, a 21st Century Organisation). All programmes offered by PBS are accredited by the Malaysian Qualifications Agency (MQA) and approved by the Ministry of Higher Education.
The academic programmes offered by PBS include MBA (General Management), MBA (Corporate Governance) in collaboration with Malaysian Institute of Chartered Secretaries and Administrators (MAICSA), MBA (Marketing) in collaboration with Institute of Marketing Malaysia, MBA (Human Potential Management) in collaboration with Malaysian Institute of Human Resource Management, MBA (Finance), MBA (International Business), specialised Master of Science (MSc) and Doctor of Philosophy (PhD).
The value added into students’ qualifications is also enhanced by the recent collaboration with a professional body, the Chartered Management Institute (CMI). The CMI is an accredited professional institution for management, based in United Kingdom. This will create impact to graduates with added professional associateship. PBS has also formalized collaboration with Finance Accreditation Agency (FAA). This FAA is supported by the Central Bank of Malaysia and as such the quality of professional learning in the financial services industry will be well-monitored.
The programmes offered by PBS are designed to nurture its students to become leaders with human governance values and principles. PBS also engages in research, consultancy and business development activities. For more information, please visit our website at http://www.putrabusinessschool.edu.my.
Wednesday, July 31, 2019
Come August, national roadshow brings hyperloop pod to US communities
KUALA LUMPUR, July 31 (Bernama) -- Virgin Hyperloop One (VHO) has launched its first US roadshow to bring XP-1 hyperloop pod to communities across the United States (US) and start a dialogue on the new form of mass transportation.
The national roadshow kicks off as states and cities across the world are competing to be the first to implement hyperloop technology, realising the significant socio-economic benefits of early adoption.
The XP-1’s first stop will be in Columbus, Ohio on Aug 4, and will head to Arlington, Texas for three days, beginning Aug 8, and speeding to Kansas City, Kansas on Sept 14. It will also be stopping throughout the heartland to share the progress and promise of hyperloop technology.
It will give local communities a chance to see first-hand the historic test pod and learn more about their states’ progress in bringing hyperloop to fruition in a matter of years, according to a statement.
In May 2017, XP-1 completed the world’s first full-system hyperloop test. During the test, XP-1 had set the full-scale hyperloop speed record of 240 miles per hour on just 550 yards of track.
VHO is a leading hyperloop company launching the first new mode of mass transportation in over 100 years. For more information, visit https://hyperloop-one.com.
-- BERNAMA
Monday, July 29, 2019
TherapyLine, launched in 3 new markets, for Muslim mental health services
KUALA LUMPUR, July 29 (Bernama) -- TherapyLine, the online mobile mental health company for Muslims has been launched in three new markets, namely the United Kingdom (UK), Australia and New Zealand, to provide professional counselling to Muslims worldwide.
Originally launched in Canada, TherapyLine provides unlimited counselling from professionally licensed Muslim counsellors via direct messaging through the Therapyline.org website for about US$179 per month. (US$1 = RM4.13)
“Currently, about 2.3 million Muslims live in the United Kingdom, over 600,000 live in Australia and about 50,000 live in New Zealand, so that is about three million more Muslims we can now reach (out to) that might not have tried to seek mental health before,” said TherapyLine founder and chief executive officer, Faisal Khan.
TherapyLine is looking at the UK as an entry to provide Therapy to Muslims in Europe, as well as part of its longer term plan to go worldwide, according to a statement.
As the topic of mental health is not discussed among Muslims or publicly at Islamic institutions, TherapyLine aims to change and normalise this, in addition to obtaining access to professional mental health services in the Muslim world.
-- BERNAMA
Originally launched in Canada, TherapyLine provides unlimited counselling from professionally licensed Muslim counsellors via direct messaging through the Therapyline.org website for about US$179 per month. (US$1 = RM4.13)
“Currently, about 2.3 million Muslims live in the United Kingdom, over 600,000 live in Australia and about 50,000 live in New Zealand, so that is about three million more Muslims we can now reach (out to) that might not have tried to seek mental health before,” said TherapyLine founder and chief executive officer, Faisal Khan.
TherapyLine is looking at the UK as an entry to provide Therapy to Muslims in Europe, as well as part of its longer term plan to go worldwide, according to a statement.
As the topic of mental health is not discussed among Muslims or publicly at Islamic institutions, TherapyLine aims to change and normalise this, in addition to obtaining access to professional mental health services in the Muslim world.
-- BERNAMA
Friday, July 26, 2019
FUSIONEX TECHNOLOGY PLATFORM GIVES WINGS TO FPX #MYCYBERSALE 2019
KUALA LUMPUR, Malaysia, July 25 (Bernama-BUSINESS WIRE) -- Multi-award-winning, leading technology solutions provider Fusionex was chosen as the Pinnacle Technology Partner for the biggest online sale in Malaysia – FPX #MYCYBERSALE 2019. Fusionex technology will help this sixth annual sale to take flight and fulfill its ambitions of boosting e-commerce regionally with a #MYCYBERSALE ASIA event.
This year’s sale is going beyond borders and targeting Asian economies including Taiwan, Thailand, Indonesia, and Singapore. With Taiwan joining as the first Regional Partner, a #MYCYBERSALE ASIA event will be held in Taiwan concurrently with the FPX #MYCYBERSALE 2019 event in Malaysia from September 27 to October 3.
FPX #MYCYBERSALE 2019 offers a wide variety of products that are up for grabs with exclusive deals that shoppers can only get during this sale. The event is organized by the National Technology Association of Malaysia (PIKOM) and supported by the Malaysia Digital Economy Corporation (MDEC). The event this year also includes Title Partner PayNet, operator of FPX, an online payments provider.
This year, #MYCYBERSALE forecasts revenue of RM500 million, with export revenue forecasted at RM80 million. In turn, it hopes to attract around 1,500 registered participants with at least 750 exporting to 40 overseas markets. The event is an initiative to catalyze the growth of the national e-commerce industry, increase domestic e-commerce revenue, and accelerate the adoption of e-commerce among merchants.
Fusionex Founder and Group CEO Dato’ Seri Ivan Teh said: “We are excited to be playing a part in making FPX #MYCYBERSALE 2019 and the first ever #MYCYBERSALE ASIA a great success. We hope merchants will leverage on this robust, flexible, and easy-to-use platform, to reach more customers and boost sales. The #MYCYBERSALE events, championed by PIKOM and supported by MDEC, will benefit businesses immensely, especially with today’s increase in competition and tech-savvy consumers. It is our hope that Fusionex’s technology platform, via #MYCYBERSALE will be a stepping stone for business to succeed in the e-commerce space.”
About Fusionex
Fusionex is an established multi-award winning data technology provider specializing in Analytics, Big Data, IR 4.0, Machine Learning, and Artificial Intelligence. Its offerings are focused on helping clients unlock value and derive insights from data. Featured on Forbes, Bloomberg, Gartner, IDC, Forrester, Edison and Huffington Post, Fusionex is the largest Big Data Analytics company and market leader in ASEAN, bringing state-of-the-art, innovative and breakthrough data-driven platforms to its stable of clientele (including Fortune 500, FTSE companies, large conglomerates as well as a wide array of small and medium enterprises (SMEs)) that spans across the United States, Europe as well as Asia Pacific. Fusionex is also an MDEC GAIN company as well as an MGS recipient.
Gartner’s 2018 report on Modern Analytics and Business Intelligence shortlisted and commended Fusionex’s data technology platform. In addition, Fusionex has been as identified as a Major Player in IDC’s MarketScape Report for Big Data & Analytics. Fusionex is the only ASEAN-based company to be featured in both reports, cementing its credentials in the data technology market for this region.
http://mrem.bernama.com/viewsm.php?idm=35075
This year’s sale is going beyond borders and targeting Asian economies including Taiwan, Thailand, Indonesia, and Singapore. With Taiwan joining as the first Regional Partner, a #MYCYBERSALE ASIA event will be held in Taiwan concurrently with the FPX #MYCYBERSALE 2019 event in Malaysia from September 27 to October 3.
FPX #MYCYBERSALE 2019 offers a wide variety of products that are up for grabs with exclusive deals that shoppers can only get during this sale. The event is organized by the National Technology Association of Malaysia (PIKOM) and supported by the Malaysia Digital Economy Corporation (MDEC). The event this year also includes Title Partner PayNet, operator of FPX, an online payments provider.
This year, #MYCYBERSALE forecasts revenue of RM500 million, with export revenue forecasted at RM80 million. In turn, it hopes to attract around 1,500 registered participants with at least 750 exporting to 40 overseas markets. The event is an initiative to catalyze the growth of the national e-commerce industry, increase domestic e-commerce revenue, and accelerate the adoption of e-commerce among merchants.
Fusionex Founder and Group CEO Dato’ Seri Ivan Teh said: “We are excited to be playing a part in making FPX #MYCYBERSALE 2019 and the first ever #MYCYBERSALE ASIA a great success. We hope merchants will leverage on this robust, flexible, and easy-to-use platform, to reach more customers and boost sales. The #MYCYBERSALE events, championed by PIKOM and supported by MDEC, will benefit businesses immensely, especially with today’s increase in competition and tech-savvy consumers. It is our hope that Fusionex’s technology platform, via #MYCYBERSALE will be a stepping stone for business to succeed in the e-commerce space.”
About Fusionex
Fusionex is an established multi-award winning data technology provider specializing in Analytics, Big Data, IR 4.0, Machine Learning, and Artificial Intelligence. Its offerings are focused on helping clients unlock value and derive insights from data. Featured on Forbes, Bloomberg, Gartner, IDC, Forrester, Edison and Huffington Post, Fusionex is the largest Big Data Analytics company and market leader in ASEAN, bringing state-of-the-art, innovative and breakthrough data-driven platforms to its stable of clientele (including Fortune 500, FTSE companies, large conglomerates as well as a wide array of small and medium enterprises (SMEs)) that spans across the United States, Europe as well as Asia Pacific. Fusionex is also an MDEC GAIN company as well as an MGS recipient.
Gartner’s 2018 report on Modern Analytics and Business Intelligence shortlisted and commended Fusionex’s data technology platform. In addition, Fusionex has been as identified as a Major Player in IDC’s MarketScape Report for Big Data & Analytics. Fusionex is the only ASEAN-based company to be featured in both reports, cementing its credentials in the data technology market for this region.
http://mrem.bernama.com/viewsm.php?idm=35075
Wednesday, July 24, 2019
AMINVESTMENT WON TOP HONOURS AT THE ASSET TRIPLE A ISLAMIC FINANCE AWARDS 2019
KUALA LUMPUR, July 24 (Bernama) -- AmInvestment Bank Berhad (“AmInvestment Bank”) receives further recognition from The Asset as they won six awards at The Asset Triple A Islamic Finance Awards 2019. The awards were presented at the Four Seasons Hotel in Kuala Lumpur on Thursday, 4 July 2019.
The full list of awards won by AmInvestment Bank is as follows:
1. Best Islamic Loan Adviser
2. Best Structured Finance Sukuk
MBSB Bank Berhad’s RM2.295 billion structured covered Sukuk facility
Our roles: Joint Solicitation Agent, Joint Principal Adviser, Joint Lead Arranger and Joint Lead Manager
3. Best Government-Guaranteed Sukuk
Pengurusan Air SPV Bhd’s RM2.1 million Government-Guaranteed Sukuk issuance
Our role: Joint Lead Manager
4. Best Corporate Hybrid Sukuk
Yinson TMC Sdn Bhd’s RM950 million perpetual sukuk issuance
Our roles: Joint Principal Adviser, Joint Lead Arranger, Joint Lead Manager and Joint Shariah Adviser.
5. Best Local Currency Sukuk
Cagamas Berhad’s RM1.5 billion Sukuk issuance
Our role: Joint Lead Manager
6. Best Islamic Project Finance Deal
DanaInfra Nasional Berhad’s RM2.5 billion Government-Guaranteed Sukuk issuance
Our role: Joint Lead Manager
Commenting on the awards, Seohan Soo, Chief Executive Officer, AmInvestment Bank said,”We thank our clients for their continued trust in AmInvestment Bank and we share these awards with them. These awards will spur us on to continue delivering customised and innovative investment banking solutions for our clients.”
“We’re delighted to be recognised once again by The Asset with six accolades that celebrate our position as a leading investment organization and underline our investment expertise. These achievements demonstrate our continuous commitment to provide the best investment solutions to our corporate, sovereign and institutional clients,” said Dato’ Sulaiman Mohd Tahir, Group Chief Executive Officer, AmBank Group.
About AmBank Group
AMMB Holdings Berhad is the holding company of AmBank Group and has been listed on the Main Market of Bursa Malaysia since 1988. It is the sixth-largest banking group by assets in Malaysia, with a market capitalisation of around RM13.7 billion and assets of RM158.8 billion as at 31 March 2019.
AmBank Group is one of Malaysia’s premier financial solutions groups with over 43 years of experience in supporting Malaysians in their economic development. AmBank Group offers a wide range of both conventional and Islamic financial solutions and services, including wholesale banking, retail banking, investment banking, underwriting of general insurance, life assurance and takaful, stock and share broking, futures broking, investment advisory and management services in assets, real estate investment trust and unit trusts.
The Australia and New Zealand Banking Group (ANZ) is the biggest shareholder in the AmBank Group with a 23.8% holding and provides support with Board, risk and financial governance, product offerings and new business developments. In the general insurance business, the Group has partnered with Insurance Australia Group Ltd (IAG). In the life assurance and family takaful businesses, the Group has a partnership with MetLife International Holdings Inc (MetLife). The Group benefits in terms of expertise transfer from IAG and MetLife.
For more information, please visit www.ambankgroup.com
The full list of awards won by AmInvestment Bank is as follows:
1. Best Islamic Loan Adviser
2. Best Structured Finance Sukuk
MBSB Bank Berhad’s RM2.295 billion structured covered Sukuk facility
Our roles: Joint Solicitation Agent, Joint Principal Adviser, Joint Lead Arranger and Joint Lead Manager
3. Best Government-Guaranteed Sukuk
Pengurusan Air SPV Bhd’s RM2.1 million Government-Guaranteed Sukuk issuance
Our role: Joint Lead Manager
4. Best Corporate Hybrid Sukuk
Yinson TMC Sdn Bhd’s RM950 million perpetual sukuk issuance
Our roles: Joint Principal Adviser, Joint Lead Arranger, Joint Lead Manager and Joint Shariah Adviser.
5. Best Local Currency Sukuk
Cagamas Berhad’s RM1.5 billion Sukuk issuance
Our role: Joint Lead Manager
6. Best Islamic Project Finance Deal
DanaInfra Nasional Berhad’s RM2.5 billion Government-Guaranteed Sukuk issuance
Our role: Joint Lead Manager
Commenting on the awards, Seohan Soo, Chief Executive Officer, AmInvestment Bank said,”We thank our clients for their continued trust in AmInvestment Bank and we share these awards with them. These awards will spur us on to continue delivering customised and innovative investment banking solutions for our clients.”
“We’re delighted to be recognised once again by The Asset with six accolades that celebrate our position as a leading investment organization and underline our investment expertise. These achievements demonstrate our continuous commitment to provide the best investment solutions to our corporate, sovereign and institutional clients,” said Dato’ Sulaiman Mohd Tahir, Group Chief Executive Officer, AmBank Group.
About AmBank Group
AMMB Holdings Berhad is the holding company of AmBank Group and has been listed on the Main Market of Bursa Malaysia since 1988. It is the sixth-largest banking group by assets in Malaysia, with a market capitalisation of around RM13.7 billion and assets of RM158.8 billion as at 31 March 2019.
AmBank Group is one of Malaysia’s premier financial solutions groups with over 43 years of experience in supporting Malaysians in their economic development. AmBank Group offers a wide range of both conventional and Islamic financial solutions and services, including wholesale banking, retail banking, investment banking, underwriting of general insurance, life assurance and takaful, stock and share broking, futures broking, investment advisory and management services in assets, real estate investment trust and unit trusts.
The Australia and New Zealand Banking Group (ANZ) is the biggest shareholder in the AmBank Group with a 23.8% holding and provides support with Board, risk and financial governance, product offerings and new business developments. In the general insurance business, the Group has partnered with Insurance Australia Group Ltd (IAG). In the life assurance and family takaful businesses, the Group has a partnership with MetLife International Holdings Inc (MetLife). The Group benefits in terms of expertise transfer from IAG and MetLife.
For more information, please visit www.ambankgroup.com
Online Muslim counsellors now available in United States
KUALA LUMPUR, July 24 (Bernama) -- TherapyLine enters the United States (US) market today to help bring online professional therapy to over 3.4 million Muslims in the country.
Launched in Canada a few months ago, TherapyLine is an online platform that provides unlimited anonymous direct messaging therapy from professionally licensed Muslim counsellors.
With US$179 (RM737.28) monthly fee, users can choose a therapist for depression, anxiety, addiction, marriage counselling and others by text. (US$1=RM4.12)
The first state which TherapyLine will enter is Michigan, and there are plans to expand it to New York, Illinois and Minnesota.
More details at www.therapyline.org.
-- BERNAMA
VMO PARTNERS AI COLLECTIVE TO OFFER SALES PREDICTIVE ANALYTICS
Improving F&B merchants’ business insights
KUALA LUMPUR, July 23 (Bernama) -- There are many aspects of business operation that keep F&B merchants up at night and one of the biggest problems is the stocking level of their inventory. Knowing what ingredients to stock is usually a guesswork. VMO is partnering AI Collective, to offer ARKANA. ARKANA provides predictive analytics of next week’s sales to F&B merchants, eliminating the guesswork. As a result of fore-knowledge, this will reduce wastage and improve profitability.
“Over last 4 years, we have worked with many F&B merchants and come to understand the challenges that they face. We were wondering what else could we do to help them, apart from bringing events into their outlets. We saw that many did not have a system in which they would know what next week’s orders would be like, so they could not accurately stock their inventory. Sometimes this results in lost opportunity, when a certain ingredient runs out. Sometime it results in wastage, if less people order a food item. And that’s what this partnership with Arkana addresses. The best part of it is that Arkana will be offering the use of their predictive analytics solution free to VMO merchants,” said Vincent Kok, Chief Eventgelist of VMO Rocks Sdn Bhd.
“Our users, ranging from chain restaurants to individual outlet owners, have experienced an improvement in reducing their food wastage and predicting of their future sales. Arkana simplifies the process of data analysis and data management from months to a mere few clicks, allowing our users to understand their business a lot better and optimizing their productivity to a whole new level,” said Aloysius Liang, Chief Executive of AI Collective.
Early users of ARKANA have managed to reduce food wastage to below 2% and benefiting from an accurate predictive analysis of as high as 86% accuracy
Arkana is now available free to all registered VMO merchants.
For more information, head on to vmo.rocks.
About VMO
VMO is an instant booking platform for event venues and services with over 2,000 merchant listings across Malaysia on their site, covering event spaces for a wide range of 'life events' including birthday parties, graduations, wedding receptions, baby showers, corporate events, product launches, office meetings, and more. Having generated over RM150 million worth of inquiries, the platform also lists supporting event services to liven any occasion.
Users can do a free form search, or by “event / service category”, or even by “location" to filter out the event niche they are looking for, then get a free quote, and compare rates before placing their booking. Venue and Service operators can rely on VMO’s listing & booking platform to make their offerings known.
About AI Collective
AI Collective was founded in 2016 by Aloysius Liang, along with Alan Yudhahutama, with the goal of democratizing the healthcare industry and achieving transparency within the system. In 2018, AI Collective launched Arkana for the Food industry, and today, it is currently applied by more than 1,750 outlets.
http://mrem.bernama.com/viewsm.php?idm=35061
KUALA LUMPUR, July 23 (Bernama) -- There are many aspects of business operation that keep F&B merchants up at night and one of the biggest problems is the stocking level of their inventory. Knowing what ingredients to stock is usually a guesswork. VMO is partnering AI Collective, to offer ARKANA. ARKANA provides predictive analytics of next week’s sales to F&B merchants, eliminating the guesswork. As a result of fore-knowledge, this will reduce wastage and improve profitability.
“Over last 4 years, we have worked with many F&B merchants and come to understand the challenges that they face. We were wondering what else could we do to help them, apart from bringing events into their outlets. We saw that many did not have a system in which they would know what next week’s orders would be like, so they could not accurately stock their inventory. Sometimes this results in lost opportunity, when a certain ingredient runs out. Sometime it results in wastage, if less people order a food item. And that’s what this partnership with Arkana addresses. The best part of it is that Arkana will be offering the use of their predictive analytics solution free to VMO merchants,” said Vincent Kok, Chief Eventgelist of VMO Rocks Sdn Bhd.
“Our users, ranging from chain restaurants to individual outlet owners, have experienced an improvement in reducing their food wastage and predicting of their future sales. Arkana simplifies the process of data analysis and data management from months to a mere few clicks, allowing our users to understand their business a lot better and optimizing their productivity to a whole new level,” said Aloysius Liang, Chief Executive of AI Collective.
Early users of ARKANA have managed to reduce food wastage to below 2% and benefiting from an accurate predictive analysis of as high as 86% accuracy
Arkana is now available free to all registered VMO merchants.
For more information, head on to vmo.rocks.
About VMO
VMO is an instant booking platform for event venues and services with over 2,000 merchant listings across Malaysia on their site, covering event spaces for a wide range of 'life events' including birthday parties, graduations, wedding receptions, baby showers, corporate events, product launches, office meetings, and more. Having generated over RM150 million worth of inquiries, the platform also lists supporting event services to liven any occasion.
Users can do a free form search, or by “event / service category”, or even by “location" to filter out the event niche they are looking for, then get a free quote, and compare rates before placing their booking. Venue and Service operators can rely on VMO’s listing & booking platform to make their offerings known.
About AI Collective
AI Collective was founded in 2016 by Aloysius Liang, along with Alan Yudhahutama, with the goal of democratizing the healthcare industry and achieving transparency within the system. In 2018, AI Collective launched Arkana for the Food industry, and today, it is currently applied by more than 1,750 outlets.
http://mrem.bernama.com/viewsm.php?idm=35061
Tuesday, July 23, 2019
AM BEST REVISES OUTLOOKS TO POSITIVE FOR DPL INSURANCE LIMITED
SINGAPORE, July 22 (Bernama-BUSINESS WIRE) -- AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” of DPL Insurance Limited (DPL) (New Zealand).
The ratings reflect DPL’s balance sheet strength, which AM Best categorizes as adequate, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management. The ratings also factor in a neutral impact from the company’s ultimate ownership by Turners Automotive Group Limited (Turners), a motor vehicle retailer and financial services group in New Zealand.
The positive outlooks reflect an improving trend in DPL’s balance sheet fundamentals, including risk-adjusted capitalization and the size of the company’s absolute capital base. These factors, coupled with AM Best’s expectation of controlled growth and robust underwriting performance over the medium term, could lead to positive rating actions.
The company’s balance sheet strength assessment is underpinned by risk-adjusted capitalization that reached the strongest level in fiscal year 2019, as measured by Best’s Capital Adequacy Ratio (BCAR). A partially offsetting balance sheet factor remains the significant volume of intangible assets created as part of the company’s acquisition of Autosure’s business in 2017; this includes goodwill items relating to the brand name and agency relationships.
DPL has a track record of adequate operating performance, as evidenced by a five-year average return on equity ratio of 6.9% (fiscal years 2015 to 2019). The company’s combined ratio improved to 96% in fiscal year 2019 (fiscal year 2018: 103%), reflecting lower vehicle repair and spare part costs, as well as the positive impact of recent product pricing adjustments. In addition, following the Autosure acquisition, the company saw a reduction in its expense ratio as a result of greater economies of scale. Going forward, AM Best expects improved underwriting performance to support a greater balance of overall earnings.
AM Best views the company’s business profile as limited given its niche and small scale of operations. In addition, DPL’s core lines of business, including mechanical breakdown insurance for motor vehicles in New Zealand, remain subject to competitive market conditions and a general slowdown in car sales. Despite this, DPL’s ownership and affiliation with its parent, Turners, which is the largest retailer of motor vehicles in New Zealand, provides good access to business and creates a valuable distribution network.
AM Best considers DPL’s approach to risk management to be appropriate given the size and complexity of its current operations. DPL also is viewed to benefit from a level of risk management oversight and governance from the Turners group.
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 AM 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 AM 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. For information on the proper media use of Best’s Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Best’s Credit Ratings and AM Best Rating Action Press Releases.
AM Best is a global rating agency and information provider with a unique focus on the insurance industry. Visit www.ambest.com for more information.
Copyright © 2019 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.
http://mrem.bernama.com/viewsm.php?idm=35050
The ratings reflect DPL’s balance sheet strength, which AM Best categorizes as adequate, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management. The ratings also factor in a neutral impact from the company’s ultimate ownership by Turners Automotive Group Limited (Turners), a motor vehicle retailer and financial services group in New Zealand.
The positive outlooks reflect an improving trend in DPL’s balance sheet fundamentals, including risk-adjusted capitalization and the size of the company’s absolute capital base. These factors, coupled with AM Best’s expectation of controlled growth and robust underwriting performance over the medium term, could lead to positive rating actions.
The company’s balance sheet strength assessment is underpinned by risk-adjusted capitalization that reached the strongest level in fiscal year 2019, as measured by Best’s Capital Adequacy Ratio (BCAR). A partially offsetting balance sheet factor remains the significant volume of intangible assets created as part of the company’s acquisition of Autosure’s business in 2017; this includes goodwill items relating to the brand name and agency relationships.
DPL has a track record of adequate operating performance, as evidenced by a five-year average return on equity ratio of 6.9% (fiscal years 2015 to 2019). The company’s combined ratio improved to 96% in fiscal year 2019 (fiscal year 2018: 103%), reflecting lower vehicle repair and spare part costs, as well as the positive impact of recent product pricing adjustments. In addition, following the Autosure acquisition, the company saw a reduction in its expense ratio as a result of greater economies of scale. Going forward, AM Best expects improved underwriting performance to support a greater balance of overall earnings.
AM Best views the company’s business profile as limited given its niche and small scale of operations. In addition, DPL’s core lines of business, including mechanical breakdown insurance for motor vehicles in New Zealand, remain subject to competitive market conditions and a general slowdown in car sales. Despite this, DPL’s ownership and affiliation with its parent, Turners, which is the largest retailer of motor vehicles in New Zealand, provides good access to business and creates a valuable distribution network.
AM Best considers DPL’s approach to risk management to be appropriate given the size and complexity of its current operations. DPL also is viewed to benefit from a level of risk management oversight and governance from the Turners group.
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 AM 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 AM 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. For information on the proper media use of Best’s Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Best’s Credit Ratings and AM Best Rating Action Press Releases.
AM Best is a global rating agency and information provider with a unique focus on the insurance industry. Visit www.ambest.com for more information.
Copyright © 2019 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.
http://mrem.bernama.com/viewsm.php?idm=35050
LUBRIZOL ACQUIRES BAVARIA MEDIZIN TECHNOLOGIE GMBH
The acquisition expands Lubrizol’s medical device design, development and manufacturing capabilities and adds expertise in drug-coated balloons and innovative catheter-based products
CLEVELAND, July 15 (Bernama-GLOBE NEWSWIRE) -- The Lubrizol Corporation announces the acquisition of Bavaria Medizin Technologie GmbH (BMT), an innovative designer and manufacturer of both intravascular (coronary, peripheral, and cranial) and nonvascular devices, including drug-coated balloons, by its German subsidiary Lubrizol Deutschland GmbH from its current majority shareholder Custos Vermögensverwaltungs GmbH as well as from the minority shareholders.
This acquisition builds upon Lubrizol’s expertise in precision thermoplastic extrusion and product development, establishing Lubrizol as a true end-to-end partner to the global medical device and pharmaceutical industries.
With over 100 employees, BMT is headquartered near Munich, Germany and operates a manufacturing facility in Sibiu, Romania. A pioneer in catheter-based technologies, BMT developed the first commercial drug-coated balloon, the Paccocath™ catheter. Today, BMT holds over 50 patents and continues to innovate through self-funded R&D projects, as well as contract R&D services. Additionally, BMT offers private label manufacturing of proprietary catheters and balloons along with original equipment manufacturing (OEM) services, which include the manufacturing of subassemblies and components, sterilization, packaging and labeling, stent crimping, and logistics management.
The acquisition of BMT expands Lubrizol’s product design, development, and manufacturing expertise and provides access to proprietary catheter and balloon technologies. BMT’s experience and reputation in the drug-coated balloon (DCB) space aligns well with Lubrizol’s pharmaceutical CDMO business and positions Lubrizol as the ideal partner for developing next generation DCBs.
“Lubrizol continues to invest in opportunities that position us as a full-service development partner for innovative OEMs in the interventional space,” said Uwe Winzen, general manager of the Health business of Lubrizol Life Science. “Our customers will benefit from additional design capabilities, an increased global footprint, and synergies with our existing formulation and manufacturing services.”
CLEVELAND, July 15 (Bernama-GLOBE NEWSWIRE) -- The Lubrizol Corporation announces the acquisition of Bavaria Medizin Technologie GmbH (BMT), an innovative designer and manufacturer of both intravascular (coronary, peripheral, and cranial) and nonvascular devices, including drug-coated balloons, by its German subsidiary Lubrizol Deutschland GmbH from its current majority shareholder Custos Vermögensverwaltungs GmbH as well as from the minority shareholders.
This acquisition builds upon Lubrizol’s expertise in precision thermoplastic extrusion and product development, establishing Lubrizol as a true end-to-end partner to the global medical device and pharmaceutical industries.
With over 100 employees, BMT is headquartered near Munich, Germany and operates a manufacturing facility in Sibiu, Romania. A pioneer in catheter-based technologies, BMT developed the first commercial drug-coated balloon, the Paccocath™ catheter. Today, BMT holds over 50 patents and continues to innovate through self-funded R&D projects, as well as contract R&D services. Additionally, BMT offers private label manufacturing of proprietary catheters and balloons along with original equipment manufacturing (OEM) services, which include the manufacturing of subassemblies and components, sterilization, packaging and labeling, stent crimping, and logistics management.
The acquisition of BMT expands Lubrizol’s product design, development, and manufacturing expertise and provides access to proprietary catheter and balloon technologies. BMT’s experience and reputation in the drug-coated balloon (DCB) space aligns well with Lubrizol’s pharmaceutical CDMO business and positions Lubrizol as the ideal partner for developing next generation DCBs.
“Lubrizol continues to invest in opportunities that position us as a full-service development partner for innovative OEMs in the interventional space,” said Uwe Winzen, general manager of the Health business of Lubrizol Life Science. “Our customers will benefit from additional design capabilities, an increased global footprint, and synergies with our existing formulation and manufacturing services.”
Monday, July 22, 2019
AG&P RECEIVES LANDMARK EQUITY INVESTMENT FROM A CONSORTIUM OF PREEMINENT JAPANESE INVESTORS - OSAKA GAS AND JBIC
SINGAPORE, July 22 (Bernama-BUSINESS WIRE) -- AGP International Holdings Pte. Ltd. (AG&P) has received a major equity investment from two Japanese institutions to support AG&P’s success in innovating and disrupting the global natural gas value chain.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/52016252/en
Osaka Gas Co. Ltd., through its affiliate Osaka Gas Singapore Pte. Ltd. (Osaka Gas) and the Japan Bank for International Cooperation (JBIC) have invested in a minority stake in AG&P. This capital will be used to execute AG&P’s multiple LNG initiatives worldwide, including the development and roll-out of:
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/52016252/en
Osaka Gas Co. Ltd., through its affiliate Osaka Gas Singapore Pte. Ltd. (Osaka Gas) and the Japan Bank for International Cooperation (JBIC) have invested in a minority stake in AG&P. This capital will be used to execute AG&P’s multiple LNG initiatives worldwide, including the development and roll-out of:
- AG&P’s City Gas Distribution business in India, where AG&P has won long-term, exclusive concessions to connect millions of people to compressed natural gas (CNG) for their vehicles and piped natural gas (PNG) directly into their homes across South India and Rajasthan;
- Small- and medium-scale LNG import terminals, such as AG&P’s pending terminals in Karaikal, India and elsewhere, that will provide the vital link to bring commercially attractive, convenient and safe gas to population centers that today rely on dirtier and more expensive fuels;
- LNG applications and logistics, such as LNG delivery to end-customers by different transportation options.
- Additional intellectual property that has made AG&P and its family engineering company, Gas Entec, leaders in the design, build, testing and commissioning of LNG bunkering vessels, floating storage and regasification (FSRUs, FRUs, FSUs and onshore variations) and LNG, dual-fuel applications for ships and other vehicles; and
- Advanced modularization and field construction services to serve global energy and commodity markets in the US, Australia, the South Pacific and Southeast Asian markets and rapidly accelerating domestic infrastructure in the Philippines, where AG&P proudly owns and operates two major yard facilities, employing 4,000 people.
“We are humbled and privileged by the trust that both Osaka Gas and JBIC have placed in AG&P. These are amazing institutions that possess tremendous expertise and experience in their respective fields. We have a great responsibility to work very hard for them and our other shareholders to continue to grow AG&P’s unique business model that captures a large portion of the LNG value chain after the molecule has been shipped,” Dr. Jose P. Leviste Jr, Chairman AG&P, said.
Dr. Leviste continued: “AG&P and Gas Entec, working together, bring innovative, in-house engineering, project management, manufacturing, licensed LNG tank and handling system outfitting, construction, project development, customer marketing and operations management for LNG-related projects and for our modularization, site-work and other customers. We look forward to changing how the LNG industry works.”
Osaka Gas, the 114-year old, vertically integrated energy utility in Japan with revenues of $12 billion, is one of the world’s foremost gas utilities, supplying natural gas to ~5.5 million households and operating over 60,000km of pipeline, in addition to a wide-range of gas, power and renewable assets around the world, including in the US, Europe and Southeast Asia. Its investment in AG&P marks the next step in a long-term relationship where both parties have worked together to develop LNG infrastructure projects in South Asia, Southeast Asia and the Americas, among others.
“Osaka Gas has known AG&P since 2014. Since that time, we have come to admire AG&P’s unique ability to disrupt the natural gas value chain in areas such as city gas distribution, LNG import terminals, LNG bunkering, LNG engineering and advanced manufacturing. We strongly believe that this investment in AG&P will provide Osaka Gas with a valuable asset to create and develop new markets for Osaka Gas. AG&P’s single-minded focus in developing solutions with the end-customer in mind has been inspirational to our team,” said Mr. Katz Sato, Head of South and East Asia Business Development for Osaka Gas.
“In addition to providing growth capital, Osaka Gas will also work with AG&P in other areas, including technical support, such as providing technical collaboration for AG&P’s major city gas initiatives in India where AG&P is commencing its build-out of 12 concessions that cover many millions of people across a wide swathe of South India and Rajasthan. Given over 110 years of Osaka Gas’s heritage, we are extremely eager to see this clean energy made available quickly and safely to the citizens of India who live in these geographic areas,” said Mr. Katz Sato.
JBIC is an institution wholly owned by the Japanese government, with over JPY 16 trillion of debt, equity and guarantees extended in its global portfolio (as of March 31, 2019), intended to support Japanese industry and Japan’s strategic priorities. Its investment in AG&P was made, in line with its policy objectives, to support Osaka Gas’s ongoing collaboration with AG&P in expanding its overseas business.
“We have been impressed with AG&P’s talented management, especially in constructing an experienced team and bringing together capable players in their respective fields such as project management and construction, to carry out city gas distribution projects in India as well as LNG import terminal projects. We, alongside Osaka Gas, are excited to participate in the future of AG&P, and to continue our partnership with the AG&P team whom we have grown to admire over the course of our relationship,” said Mr. Hiroyuki Nakashima, Director General of the Equity Investment Department for JBIC.
Click here for hi-res image of photo.
View source version on businesswire.com:
https://www.businesswire.com/news/home/52016252/en
Contact
Media Contacts for AG&P
Cyrus Isles
Manager, Media and PR
Phone: +63 998 966 5836
cyrus.isles@agp.ph
Source : AGP International Holdings Pte. Ltd.
Dr. Leviste continued: “AG&P and Gas Entec, working together, bring innovative, in-house engineering, project management, manufacturing, licensed LNG tank and handling system outfitting, construction, project development, customer marketing and operations management for LNG-related projects and for our modularization, site-work and other customers. We look forward to changing how the LNG industry works.”
Osaka Gas, the 114-year old, vertically integrated energy utility in Japan with revenues of $12 billion, is one of the world’s foremost gas utilities, supplying natural gas to ~5.5 million households and operating over 60,000km of pipeline, in addition to a wide-range of gas, power and renewable assets around the world, including in the US, Europe and Southeast Asia. Its investment in AG&P marks the next step in a long-term relationship where both parties have worked together to develop LNG infrastructure projects in South Asia, Southeast Asia and the Americas, among others.
“Osaka Gas has known AG&P since 2014. Since that time, we have come to admire AG&P’s unique ability to disrupt the natural gas value chain in areas such as city gas distribution, LNG import terminals, LNG bunkering, LNG engineering and advanced manufacturing. We strongly believe that this investment in AG&P will provide Osaka Gas with a valuable asset to create and develop new markets for Osaka Gas. AG&P’s single-minded focus in developing solutions with the end-customer in mind has been inspirational to our team,” said Mr. Katz Sato, Head of South and East Asia Business Development for Osaka Gas.
“In addition to providing growth capital, Osaka Gas will also work with AG&P in other areas, including technical support, such as providing technical collaboration for AG&P’s major city gas initiatives in India where AG&P is commencing its build-out of 12 concessions that cover many millions of people across a wide swathe of South India and Rajasthan. Given over 110 years of Osaka Gas’s heritage, we are extremely eager to see this clean energy made available quickly and safely to the citizens of India who live in these geographic areas,” said Mr. Katz Sato.
JBIC is an institution wholly owned by the Japanese government, with over JPY 16 trillion of debt, equity and guarantees extended in its global portfolio (as of March 31, 2019), intended to support Japanese industry and Japan’s strategic priorities. Its investment in AG&P was made, in line with its policy objectives, to support Osaka Gas’s ongoing collaboration with AG&P in expanding its overseas business.
“We have been impressed with AG&P’s talented management, especially in constructing an experienced team and bringing together capable players in their respective fields such as project management and construction, to carry out city gas distribution projects in India as well as LNG import terminal projects. We, alongside Osaka Gas, are excited to participate in the future of AG&P, and to continue our partnership with the AG&P team whom we have grown to admire over the course of our relationship,” said Mr. Hiroyuki Nakashima, Director General of the Equity Investment Department for JBIC.
Click here for hi-res image of photo.
View source version on businesswire.com:
https://www.businesswire.com/news/home/52016252/en
Contact
Media Contacts for AG&P
Cyrus Isles
Manager, Media and PR
Phone: +63 998 966 5836
cyrus.isles@agp.ph
Source : AGP International Holdings Pte. Ltd.
152 MALAYSIANS PUT COUNTRY ON THE MAP AS THEY ARE NAMED GLOBAL TOP ACCA PRIZE WINNERS
· Abdurrahman Apandi is the highest ranked CAT Management Accounting student in the world having scored 100% in his exam
KUALA LUMPUR, July 19 (Bernama) -- There was elation in the air as the discipline, dedication and tenacity shown by 152 Malaysian students in preparing for their ACCA (the Association of Chartered Certified Accountants) examinations were rewarded when they were named prizewinners at the ACCA Malaysia Top Achievers Ceremony. This celebratory event recognised outstanding students for the achievements in the 2017, 2018 and March 2019 examinations.
Students from diverse background and education system who are pursuing this internationally recognised professional qualification have not only excelled and obtained the highest scores in Malaysia but also across the world. Top international scorers from Malaysia were bestowed the award as “Global Prizewinners” at this event as they surpassed the achievements of fellow ACCA students from 179 countries.
Of the winners, 117 are from ACCA learning providers. Among the group of Global Prizewinners, one student in particular shone brightest when he scored a perfect 100% for the ACCA Certified Accounting Technician (CAT) Management Accounting (MA 1) paper. Abdurrahman Apandi, aged 19, a Yayasan Peneraju-Perbadanan Nasional Berhad scholar who is currently pursuing the ACCA Qualification at INTEC Education College (INTEC), has once again put Malaysia on the map as a country with high calibre and outstanding accounting talents the world needs.
His fellow INTEC coursemate, 23 year old Nur Amira binti Arifin also did the country proud by becoming the No.1 scorer in Malaysia and fourth in the world for the Strategic Business Leader (SBL) paper. SBL is one of two new papers ACCA introduced last year as part of its efforts to future proof it’s accreditation and groom top global leaders by incorporating strategic business thinking module into its qualifications.
“ACCA has been a great support to my professional development. I appreciate the different opportunities to learn and network with professionals that help keep me intact with the industry” said Tiffany Tan, a former student from Sunway TES who is currently completing her postgraduate degree in Australia. She was named the No.1 Top Affiliate in Malaysia and second in the world for the December 2017 examinations. Tan Lin Fang, 21, who was also a student from Sunway TES received recognition as bronze Top Affiliate in the recent March 2019 examinations.
ACCA Malaysia Country Head, Edward Ling said, “Obtaining the ACCA qualification is by no means an easy feat. It takes a certain amount of verve, commitment, and determination for one to become an ACCA graduate. Not only have these students accomplished this, they have done so with distinction on a global scale. Adding on to that, I am very proud to share that today, ACCA has more than 36,000 outstanding students pursuing our professional qualification in Malaysia.”
http://mrem.bernama.com/viewsm.php?idm=35042
KUALA LUMPUR, July 19 (Bernama) -- There was elation in the air as the discipline, dedication and tenacity shown by 152 Malaysian students in preparing for their ACCA (the Association of Chartered Certified Accountants) examinations were rewarded when they were named prizewinners at the ACCA Malaysia Top Achievers Ceremony. This celebratory event recognised outstanding students for the achievements in the 2017, 2018 and March 2019 examinations.
Students from diverse background and education system who are pursuing this internationally recognised professional qualification have not only excelled and obtained the highest scores in Malaysia but also across the world. Top international scorers from Malaysia were bestowed the award as “Global Prizewinners” at this event as they surpassed the achievements of fellow ACCA students from 179 countries.
Of the winners, 117 are from ACCA learning providers. Among the group of Global Prizewinners, one student in particular shone brightest when he scored a perfect 100% for the ACCA Certified Accounting Technician (CAT) Management Accounting (MA 1) paper. Abdurrahman Apandi, aged 19, a Yayasan Peneraju-Perbadanan Nasional Berhad scholar who is currently pursuing the ACCA Qualification at INTEC Education College (INTEC), has once again put Malaysia on the map as a country with high calibre and outstanding accounting talents the world needs.
His fellow INTEC coursemate, 23 year old Nur Amira binti Arifin also did the country proud by becoming the No.1 scorer in Malaysia and fourth in the world for the Strategic Business Leader (SBL) paper. SBL is one of two new papers ACCA introduced last year as part of its efforts to future proof it’s accreditation and groom top global leaders by incorporating strategic business thinking module into its qualifications.
“ACCA has been a great support to my professional development. I appreciate the different opportunities to learn and network with professionals that help keep me intact with the industry” said Tiffany Tan, a former student from Sunway TES who is currently completing her postgraduate degree in Australia. She was named the No.1 Top Affiliate in Malaysia and second in the world for the December 2017 examinations. Tan Lin Fang, 21, who was also a student from Sunway TES received recognition as bronze Top Affiliate in the recent March 2019 examinations.
ACCA Malaysia Country Head, Edward Ling said, “Obtaining the ACCA qualification is by no means an easy feat. It takes a certain amount of verve, commitment, and determination for one to become an ACCA graduate. Not only have these students accomplished this, they have done so with distinction on a global scale. Adding on to that, I am very proud to share that today, ACCA has more than 36,000 outstanding students pursuing our professional qualification in Malaysia.”
http://mrem.bernama.com/viewsm.php?idm=35042
COMMEMORATING 10 YEARS -THE MICPA-CAANZ PROGRAMME
KUALA LUMPUR, July 15 (Bernama) -- 2019 marks the 10th anniversary of the relationship between MICPA and Chartered Accountants Australia and New Zealand (CA ANZ). Back in 2009, CA ANZ was known as the Institute of Chartered Accountants Australia (ICAA). A Memorandum of Understanding (MoU) was signed between ICAA and MICPA on February 24, 2009 to collaborate in providing a joint qualifying programme, i.e. the joint MICPA-ICAA Programme.
Through the joint Programme, MICPA conducted ICAA’s Chartered Accountant Program comprising 5 modules in Malaysia, but customised the Taxation module to cover the Malaysian taxation framework, thus making the Programme relevant to the local market. Hence 4 modules would be identical to that offered in Australia and the rest of the world, whilst the Taxation module would be set and marked by MICPA.
Graduates of the joint Programme are eligible for admission into memberships of both Institutes upon completion of the 5 modules and 3 years of supervised working experience, and will also be able to access the Global Accounting Alliance (GAA) – something very useful for global professionals. Memberships with both bodies provide the use of the titles “Certified Public Accountant”, or CPA (M), and “Chartered Accountant”, or CA (ANZ). The Programme was officially launched in June 2009 with the first batch of students attempting their first modules in December 2009.
In 2014, developments in ICAA saw its amalgamation with the New Zealand Institute of Chartered Accountants (NZICA) and the formation of a new body – CA ANZ, thus the name change of the Programme to the MICPA-CAANZ Programme.
Candidates eligible for the Programme are accounting degree holders from universities accredited by MICPA or CA ANZ, with most of them coming from universities in Malaysia, Australia and New Zealand. MICPA has opened up entry for accredited Diploma in Accounting holders who will be required to undergo MICPA’s Professional Stage Examination (PSE) (4 modules) before proceeding on to the MICPA-CAANZ Programme (5 modules). In 2015, MICPA introduced a 1-year Conversion Programme (8 modules) to allow non-accounting degree holders to pursue the MICPA-CAANZ Programme. The Conversion Programme is being conducted by Universiti Malaya with classes held on weekends.
In late 2019, some changes to the requirements of the MICPA-CAANZ Programme were made:
· Candidates can complete up to 2 technical modules per term (previously only 1 module per term was allowed)
· Candidates can complete the technical modules on a full-time basis, prior to commencing employment with an Approved Training Organisation (previously the Programme had to be completed concurrently whilst gaining work experience)
Outstanding candidates and graduates are recognised every year at the Excellence Awards event which is jointly hosted by MICPA and CA ANZ. Since the joint Programme commenced in 2009, Malaysian candidates achieved an average pass rate of 72% to-date. Each year has seen a steady increase in the reception towards the MICPA-CAANZ Programme and it continues to see growth – a globally-recognised qualification with a Malaysian flavour.
NOTE TO EDITOR:
About The Malaysian Institute of Certified Public Accountants (MICPA)
The Malaysian Institute of Certified Public Accountants (MICPA) was incorporated in 1958 and is the only Malaysian body which conducts a professional accountancy examination recognised under the Accountants Act 1967.
MICPA has collaborated with Chartered Accountants Australia and New Zealand (then known as Institute of Chartered Accountants Australia) since 2009 to offer the MICPA-CAANZ Programme – a joint professional programme which awards its graduates with a dual membership and the use of two titles – Certified Public Accountant, Malaysia and Chartered Accountant, Australia & New Zealand.
MICPA is governed by a Council of 30 elected members and has over 3,200 members and close to 900 registered candidates. For more information, visit www.micpa.com.my
Source: Malaysian Institute of Certified Public Accountants (MICPA)
Through the joint Programme, MICPA conducted ICAA’s Chartered Accountant Program comprising 5 modules in Malaysia, but customised the Taxation module to cover the Malaysian taxation framework, thus making the Programme relevant to the local market. Hence 4 modules would be identical to that offered in Australia and the rest of the world, whilst the Taxation module would be set and marked by MICPA.
Graduates of the joint Programme are eligible for admission into memberships of both Institutes upon completion of the 5 modules and 3 years of supervised working experience, and will also be able to access the Global Accounting Alliance (GAA) – something very useful for global professionals. Memberships with both bodies provide the use of the titles “Certified Public Accountant”, or CPA (M), and “Chartered Accountant”, or CA (ANZ). The Programme was officially launched in June 2009 with the first batch of students attempting their first modules in December 2009.
In 2014, developments in ICAA saw its amalgamation with the New Zealand Institute of Chartered Accountants (NZICA) and the formation of a new body – CA ANZ, thus the name change of the Programme to the MICPA-CAANZ Programme.
Candidates eligible for the Programme are accounting degree holders from universities accredited by MICPA or CA ANZ, with most of them coming from universities in Malaysia, Australia and New Zealand. MICPA has opened up entry for accredited Diploma in Accounting holders who will be required to undergo MICPA’s Professional Stage Examination (PSE) (4 modules) before proceeding on to the MICPA-CAANZ Programme (5 modules). In 2015, MICPA introduced a 1-year Conversion Programme (8 modules) to allow non-accounting degree holders to pursue the MICPA-CAANZ Programme. The Conversion Programme is being conducted by Universiti Malaya with classes held on weekends.
In late 2019, some changes to the requirements of the MICPA-CAANZ Programme were made:
· Candidates can complete up to 2 technical modules per term (previously only 1 module per term was allowed)
· Candidates can complete the technical modules on a full-time basis, prior to commencing employment with an Approved Training Organisation (previously the Programme had to be completed concurrently whilst gaining work experience)
Outstanding candidates and graduates are recognised every year at the Excellence Awards event which is jointly hosted by MICPA and CA ANZ. Since the joint Programme commenced in 2009, Malaysian candidates achieved an average pass rate of 72% to-date. Each year has seen a steady increase in the reception towards the MICPA-CAANZ Programme and it continues to see growth – a globally-recognised qualification with a Malaysian flavour.
NOTE TO EDITOR:
About The Malaysian Institute of Certified Public Accountants (MICPA)
The Malaysian Institute of Certified Public Accountants (MICPA) was incorporated in 1958 and is the only Malaysian body which conducts a professional accountancy examination recognised under the Accountants Act 1967.
MICPA has collaborated with Chartered Accountants Australia and New Zealand (then known as Institute of Chartered Accountants Australia) since 2009 to offer the MICPA-CAANZ Programme – a joint professional programme which awards its graduates with a dual membership and the use of two titles – Certified Public Accountant, Malaysia and Chartered Accountant, Australia & New Zealand.
MICPA is governed by a Council of 30 elected members and has over 3,200 members and close to 900 registered candidates. For more information, visit www.micpa.com.my
Source: Malaysian Institute of Certified Public Accountants (MICPA)
Saturday, July 20, 2019
Friday, July 19, 2019
Vietnam´s FPT becomes Homa´s strategic investor, enters Southeast Asia market
KUALA LUMPUR, July 12 (Bernama) -- Vietnam’s largest IT firm, FPT Corporation (FPT) has agreed to become Homa Techs Inc (Homa) strategic investor, thereby entering the Southeast Asia smart home market.
“FPT sees great value in Homa’s smart home technologies and solutions. We are excited to work with Homa to bring this family of products to millions of residents and help accelerate the development of smart buildings and smart cities in Asia,” said FPT chief executive officer, Nguyen Van Khoa.
“Apart from our commitment to research and develop digital solutions, FPT also looks for partnership opportunities to acquire new technological products and solutions which are in line with emerging market trends and our long-term strategies”, he added.
The investment reinforces FPT’s commitment to become a global provider of comprehensive digital transformation services from 2019 to 2021, according to a statement.
The company hopes to diversify its portfolio of hardware products that target smart city developers and better penetrate the Southeast Asia market for IoT and smart home solutions, as well as integrate Homa technologies into IoT and AI products in the future.
FPT is the global leading technology and IT services provider, while Homa is a global provider of Internet of Things (IoT) networking and smart some/building devices. For more information, contact https://www.fpt-software.com and http://www.homatechs.com.
-- BERNAMA
“FPT sees great value in Homa’s smart home technologies and solutions. We are excited to work with Homa to bring this family of products to millions of residents and help accelerate the development of smart buildings and smart cities in Asia,” said FPT chief executive officer, Nguyen Van Khoa.
“Apart from our commitment to research and develop digital solutions, FPT also looks for partnership opportunities to acquire new technological products and solutions which are in line with emerging market trends and our long-term strategies”, he added.
The investment reinforces FPT’s commitment to become a global provider of comprehensive digital transformation services from 2019 to 2021, according to a statement.
The company hopes to diversify its portfolio of hardware products that target smart city developers and better penetrate the Southeast Asia market for IoT and smart home solutions, as well as integrate Homa technologies into IoT and AI products in the future.
FPT is the global leading technology and IT services provider, while Homa is a global provider of Internet of Things (IoT) networking and smart some/building devices. For more information, contact https://www.fpt-software.com and http://www.homatechs.com.
-- BERNAMA
Thursday, July 18, 2019
ACCOUNTANTS CALL FOR ACTION TO STRENGTHEN ECONOMY, PUBLIC PRACTICE
MIA and ACCA Malaysia jointly release CFO Roundtable on BEO Report 2019 and the Practitioners’ Roundtable on BEO Report 2019, tapping the wisdom of accountants to support business and economic development
KUALA LUMPUR, July 17 (Bernama) -- In January 2019, the Malaysian Institute of Accountants (MIA) and ACCA (the Association of Chartered Certified Accountants) jointly released the Business and Economic Outlook (BEO) Report 2019. MIA and ACCA found it timely to join the conversation and share accountants’ perspectives on the key challenges and opportunities for 2019. “As internal and external business advisors and decision makers, accountants are ideally placed to comment on the market outlook and provide guidance for public and private sector organisations,” said MIA CEO Dr. Nurmazilah Dato’ Mahzan.
Subsequently, MIA and ACCA organised follow-up roundtables with CFOs and accountants in public practice respectively to gather more data and insights for further action. The findings of these roundtables have been documented in the CFO Roundtable on BEO Report 2019 and the Practitioners’ Roundtable on BEO Report 2019.
“These reports are firsts for MIA that build on the earlier BEO Report 2019. In line with our nation building agenda, MIA is making continuous effort to help improve the performance and governance of business and government,” explained Dr. Nurmazilah.
“CFOs and public practitioners are key advisors to business and government who are keenly aware of the latest developments and unfolding issues in the market. By tapping their wisdom, MIA trusts that these reports will help provide the insights for private and public sector organisations to inform their policy making and implementation, to help shape sustainable and forward-looking policy and implementation initiatives to build the nation,” explained Dr. Nurmazilah.
“Commenting on the reports, Edward Ling, ACCA Malaysia Country Head said, “These reports are succinct – making them easy to read. The calls to action directly address key challenges and opportunities faced by Malaysian businesses and accountancy firms. They feel like a culmination of years of insights and wisdom distilled into three pages of short paragraphs and several pragmatic action points to tackle one common issue.”
Edward added, “It is our hope that CFOs and practitioners would find these reports relevant and consider incorporating the action points into their strategic plans to help shape the present and future success of their businesses from within. We believe that these additional insights and findings will help support the Malaysian accounting and finance community in their role as partners and advisors to their businesses, corporations and the government.”
KEY FINDINGS FROM THE CFO ROUNDTABLE ON BEO REPORT 2019
Leading CFOs from public listed companies in a cross-spectrum of industries shared their insights at MIA’s Chief Financial Officer (CFO) Circle roundtable in April 2019. In summary, CFOs called for:
• Raising productivity through increasing investment in human capital and technology at organisational level, supported by targeted tax incentives and laser-focused policy-making/implementation at government level.
• Wage reforms to stimulate domestic demand and consumption to offset global headwinds including decelerating global trade.
• Greater regional and global participation focusing on ASEAN and the Belt and Road Initiative.
• Bridging the talent gap by broadening the talent base, increasing the focus on technical and vocational education training (TVET), and continuous upskilling and reskilling for the Malaysian workforce, funded by tax incentives and subsidies.
• Embracing digitalisation by adopting better organisational data practices; finance function transformation to support the overall strategic business model; upskilling talent; promoting culture change and buy-in for the digital agenda; and ensuring inclusivity for digital native talent. As changemakers, regulators should advocate for finance function transformation with executive decision makers and boards, while government should reengineer education and training syllabi to produce fit-for-digital talent.
KEY FINDINGS FROM PRACTITIONERS’ ROUNDTABLE ON BEO REPORT 2019
The practitioners’ roundtable in April 2019 involving small and medium practices (SMPs) and larger firms, discussed how the accountancy landscape could be tweaked and enriched to support practitioners and in turn, the business ecosystem. In summary, practitioners called for:
• Renewed focus on areas of judgement in financial statements and audits, especially those involving asset valuation and long-term cash flow projection. This could conceivably be achieved through heightening professional skepticism; keeping abreast of regulations and standards and communicating and clarifying these to clients; reviewing internal processes and controls related to areas of judgement; collaborating with experts in auditing processes, and integrating technologies to support tech transformation e.g. cloud-based auditing.
• Leveraging opportunities to scale up and combine resources and expertise through mergers and acquisitions, and extending accounting and finance competencies to SMEs lacking an internal finance function.
• Harnessing emerging opportunities across ASEAN by replicating firms’ service offerings in regional markets and leveraging on Malaysian firms’ competencies and English proficiencies, supported by increased intra-ASEAN efforts to improve talent mobility in the professional services sector.
• Operationalising talent management strategies, via transforming or outsourcing the internal human resource function, adapting to millennial work culture, offering flexible work arrangements, piloting two-way mentorship programmes, offering longer training contracts and empowering younger employees to help transform the firm’s culture and operations.
• Greater technology adoption and automation of service offerings supported by government subsidies for adoption of accounting and auditing-specific technologies.
http://mrem.bernama.com/viewsm.php?idm=35018
KUALA LUMPUR, July 17 (Bernama) -- In January 2019, the Malaysian Institute of Accountants (MIA) and ACCA (the Association of Chartered Certified Accountants) jointly released the Business and Economic Outlook (BEO) Report 2019. MIA and ACCA found it timely to join the conversation and share accountants’ perspectives on the key challenges and opportunities for 2019. “As internal and external business advisors and decision makers, accountants are ideally placed to comment on the market outlook and provide guidance for public and private sector organisations,” said MIA CEO Dr. Nurmazilah Dato’ Mahzan.
Subsequently, MIA and ACCA organised follow-up roundtables with CFOs and accountants in public practice respectively to gather more data and insights for further action. The findings of these roundtables have been documented in the CFO Roundtable on BEO Report 2019 and the Practitioners’ Roundtable on BEO Report 2019.
“These reports are firsts for MIA that build on the earlier BEO Report 2019. In line with our nation building agenda, MIA is making continuous effort to help improve the performance and governance of business and government,” explained Dr. Nurmazilah.
“CFOs and public practitioners are key advisors to business and government who are keenly aware of the latest developments and unfolding issues in the market. By tapping their wisdom, MIA trusts that these reports will help provide the insights for private and public sector organisations to inform their policy making and implementation, to help shape sustainable and forward-looking policy and implementation initiatives to build the nation,” explained Dr. Nurmazilah.
“Commenting on the reports, Edward Ling, ACCA Malaysia Country Head said, “These reports are succinct – making them easy to read. The calls to action directly address key challenges and opportunities faced by Malaysian businesses and accountancy firms. They feel like a culmination of years of insights and wisdom distilled into three pages of short paragraphs and several pragmatic action points to tackle one common issue.”
Edward added, “It is our hope that CFOs and practitioners would find these reports relevant and consider incorporating the action points into their strategic plans to help shape the present and future success of their businesses from within. We believe that these additional insights and findings will help support the Malaysian accounting and finance community in their role as partners and advisors to their businesses, corporations and the government.”
KEY FINDINGS FROM THE CFO ROUNDTABLE ON BEO REPORT 2019
Leading CFOs from public listed companies in a cross-spectrum of industries shared their insights at MIA’s Chief Financial Officer (CFO) Circle roundtable in April 2019. In summary, CFOs called for:
• Raising productivity through increasing investment in human capital and technology at organisational level, supported by targeted tax incentives and laser-focused policy-making/implementation at government level.
• Wage reforms to stimulate domestic demand and consumption to offset global headwinds including decelerating global trade.
• Greater regional and global participation focusing on ASEAN and the Belt and Road Initiative.
• Bridging the talent gap by broadening the talent base, increasing the focus on technical and vocational education training (TVET), and continuous upskilling and reskilling for the Malaysian workforce, funded by tax incentives and subsidies.
• Embracing digitalisation by adopting better organisational data practices; finance function transformation to support the overall strategic business model; upskilling talent; promoting culture change and buy-in for the digital agenda; and ensuring inclusivity for digital native talent. As changemakers, regulators should advocate for finance function transformation with executive decision makers and boards, while government should reengineer education and training syllabi to produce fit-for-digital talent.
KEY FINDINGS FROM PRACTITIONERS’ ROUNDTABLE ON BEO REPORT 2019
The practitioners’ roundtable in April 2019 involving small and medium practices (SMPs) and larger firms, discussed how the accountancy landscape could be tweaked and enriched to support practitioners and in turn, the business ecosystem. In summary, practitioners called for:
• Renewed focus on areas of judgement in financial statements and audits, especially those involving asset valuation and long-term cash flow projection. This could conceivably be achieved through heightening professional skepticism; keeping abreast of regulations and standards and communicating and clarifying these to clients; reviewing internal processes and controls related to areas of judgement; collaborating with experts in auditing processes, and integrating technologies to support tech transformation e.g. cloud-based auditing.
• Leveraging opportunities to scale up and combine resources and expertise through mergers and acquisitions, and extending accounting and finance competencies to SMEs lacking an internal finance function.
• Harnessing emerging opportunities across ASEAN by replicating firms’ service offerings in regional markets and leveraging on Malaysian firms’ competencies and English proficiencies, supported by increased intra-ASEAN efforts to improve talent mobility in the professional services sector.
• Operationalising talent management strategies, via transforming or outsourcing the internal human resource function, adapting to millennial work culture, offering flexible work arrangements, piloting two-way mentorship programmes, offering longer training contracts and empowering younger employees to help transform the firm’s culture and operations.
• Greater technology adoption and automation of service offerings supported by government subsidies for adoption of accounting and auditing-specific technologies.
http://mrem.bernama.com/viewsm.php?idm=35018
PREFCHEM ORGANISES PIC'S THIRD ENGLISH CARNIVAL FOR MORE THAN 4,000 STUDENTS
BANDAR PENAWAR, July 17 (Bernama) -- PRefChem, together with the Kota Tinggi District Education Office, jointly organised Pengerang Integrated Complex’s (PIC) third English Carnival, which is a signature Corporate Social Responsibility (CSR) programme that promotes the English language literacy and appreciation amongst students.
The one-day carnival saw the participation of more than 4,000 students from 75 primary schools and 22 secondary schools in the Kota Tinggi district.
Held at Dewan Kejora here on 16 July 2019, the event was officiated by Johor State Education, Human Resource, Science and Technology Committee Chairman, YB Encik Aminolhuda Hassan, who expressed his gratitude to PRefChem for its contributions towards the programme.
“By participating in the carnival, students can improve their proficiency in the English language while enhancing their knowledge. It also promotes the importance of critical thinking and analytical skills,” said Aminolhuda.
Also present were Head of Manufacturing and Engineering of Pengerang Refining Company Sdn Bhd Encik Ahmad Farid Yaacob as well as Kota Tinggi Regional Education Officer, Encik Mohamad Fadil Ishak.
Since its inception, the PIC English Carnival has been designed to make young learners overcome their fears of the English language through fun activities.
The first of the two main components of the carnival is the “PIC English Literacy Programme”, a school-based effort helmed by the respective English Clubs of all participating schools. Some of the activities carried out in this programme include 5-Minute Public Speaking sessions, Wednesdays being designated as English Day, Pen Pal Programme and Spelling Bee, which nurture speaking and writing skills.
The other complementing component is the “Kota Tinggi District English Language Carnival” a competition-based programme that encourages students to reach their best potential in learning English.
PRefChem, comprising Pengerang Refining Company Sdn Bhd (PRefChem Refining) and Pengerang Petrochemical Company Sdn Bhd (PRefChem Petrochemical), is a strategic alliance between PETRONAS and Saudi Arabian Oil Company, Saudi Aramco, through equal partnership in the two joint venture (JV) companies.
http://mrem.bernama.com/viewsm.php?idm=35022
The one-day carnival saw the participation of more than 4,000 students from 75 primary schools and 22 secondary schools in the Kota Tinggi district.
Held at Dewan Kejora here on 16 July 2019, the event was officiated by Johor State Education, Human Resource, Science and Technology Committee Chairman, YB Encik Aminolhuda Hassan, who expressed his gratitude to PRefChem for its contributions towards the programme.
“By participating in the carnival, students can improve their proficiency in the English language while enhancing their knowledge. It also promotes the importance of critical thinking and analytical skills,” said Aminolhuda.
Also present were Head of Manufacturing and Engineering of Pengerang Refining Company Sdn Bhd Encik Ahmad Farid Yaacob as well as Kota Tinggi Regional Education Officer, Encik Mohamad Fadil Ishak.
Since its inception, the PIC English Carnival has been designed to make young learners overcome their fears of the English language through fun activities.
The first of the two main components of the carnival is the “PIC English Literacy Programme”, a school-based effort helmed by the respective English Clubs of all participating schools. Some of the activities carried out in this programme include 5-Minute Public Speaking sessions, Wednesdays being designated as English Day, Pen Pal Programme and Spelling Bee, which nurture speaking and writing skills.
The other complementing component is the “Kota Tinggi District English Language Carnival” a competition-based programme that encourages students to reach their best potential in learning English.
PRefChem, comprising Pengerang Refining Company Sdn Bhd (PRefChem Refining) and Pengerang Petrochemical Company Sdn Bhd (PRefChem Petrochemical), is a strategic alliance between PETRONAS and Saudi Arabian Oil Company, Saudi Aramco, through equal partnership in the two joint venture (JV) companies.
http://mrem.bernama.com/viewsm.php?idm=35022
Ferns N Petals sprouts in Singapore, set to bloom in Southeast Asia
KUALA LUMPUR, July 17 (Bernama) -- After establishing a strong foothold in India, gifting giant, Ferns N Petals is now focusing to capture the Southeast Asian market.
The company has started its operations in Singapore, aiming to cater to general and major events like the Chinese New Year and Christmas festive seasons.
Customers looking for flower delivery in Singapore can now place orders for some stunning floral arrangements from www.fnp.sg and an upcoming mobile app for Android & iOS.
Ferns N Petals (Retail & Online) chief executive officer, Pawan Gadia said the company found huge potential in the island republic, adding that it could also be a springboard for them to easily penetrate other countries in Southeast Asia.
“What differentiates us from the competition is the range of categories, the quality of products and the service options.”
Southeast Asia is fast becoming the preferred choice of big companies to expand because of the higher gross domestic product growth and also the rising trend of internet penetration and e-commerce.
-- BERNAMA
The company has started its operations in Singapore, aiming to cater to general and major events like the Chinese New Year and Christmas festive seasons.
Customers looking for flower delivery in Singapore can now place orders for some stunning floral arrangements from www.fnp.sg and an upcoming mobile app for Android & iOS.
Ferns N Petals (Retail & Online) chief executive officer, Pawan Gadia said the company found huge potential in the island republic, adding that it could also be a springboard for them to easily penetrate other countries in Southeast Asia.
“What differentiates us from the competition is the range of categories, the quality of products and the service options.”
Southeast Asia is fast becoming the preferred choice of big companies to expand because of the higher gross domestic product growth and also the rising trend of internet penetration and e-commerce.
-- BERNAMA
Millennials need to acquire soft skills - survey
KUALA LUMPUR, July 16 (Bernama) -- Millennials are hungry to learn, and willing to invest in upskilling to acquire soft skills as revealed by HBR Ascend Youth Skills Survey 2019 on World Youth Skills Day.
The skills include strategic thinking, negotiation techniques, networking skills, communications and analytical thinking, according to Country Manager (India), Harvard Business Publishing, Vivek Chachra.
The survey provides valuable insights on the new perspectives and opinions of millennials about their work, following a study of over 2,700 young professionals and graduating students from more than 100 countries.
It is reported that almost three out of four respondents are confident of their technical ability while only less than 10 per cent of the respondents have expressed a lack of confidence in their technical skills.
The top barriers to performance at work which include office politics, lack of training and development, unclear roles, restrictive work culture, lack of collaboration, and excessive workload have reflected more culture- related factors than a lack of personal development.
Also reported is an employer of choice is defined by flexible work conditions, clear career path with advancement opportunities, strong training and development programmes, clear vision of corporate goals and mission, and passionate and engaging leaders.
For more details on the survey’s results, visit https://hbrascend.org.
-- BERNAMA
The skills include strategic thinking, negotiation techniques, networking skills, communications and analytical thinking, according to Country Manager (India), Harvard Business Publishing, Vivek Chachra.
The survey provides valuable insights on the new perspectives and opinions of millennials about their work, following a study of over 2,700 young professionals and graduating students from more than 100 countries.
It is reported that almost three out of four respondents are confident of their technical ability while only less than 10 per cent of the respondents have expressed a lack of confidence in their technical skills.
The top barriers to performance at work which include office politics, lack of training and development, unclear roles, restrictive work culture, lack of collaboration, and excessive workload have reflected more culture- related factors than a lack of personal development.
Also reported is an employer of choice is defined by flexible work conditions, clear career path with advancement opportunities, strong training and development programmes, clear vision of corporate goals and mission, and passionate and engaging leaders.
For more details on the survey’s results, visit https://hbrascend.org.
-- BERNAMA
Wednesday, July 17, 2019
MELISSA HIGHLIGHTS BIG DATA QUALITY TOOLS AT CDAO SINGAPORE
Seamless Data Quality Powers Actionable Intelligence from Customer Data
SINGAPORE, July 16 (Bernama-GLOBE NEWSWIRE) -- Melissa, a leading provider of global contact data quality and identity verification solutions, today announced it will demonstrate its comprehensive suite of Big Data Quality tools and services at Chief Data & Analytics Officer Singapore, July 23-24, 2019. Melissa’s Big Data Quality tools prevent incorrect, incomplete, duplicated, or outdated data from entering enterprise systems, ensuring analytics are fueled with the actionable intelligence necessary for authoritative results.
By partnering with leading data integration providers, Melissa enables simplified data verification and identity verification, and serves as a central operational hub for all federated customer and identity data. The company’s tools work seamlessly in the ETL process to empower businesses to ingest structured and unstructured large volume data and improve operations in record time by interfacing with legacy repositories, Big Data lakes, and real-time streams, or assisting in migration to modern infrastructure.
Melissa recognizes that data officers face volume, variety, and velocity of data – factors that create challenges in storing, maintaining, and analyzing customer data. Seamless data quality makes a difference by enabling a sustainable analytics strategy, preventing the GIGO (Garbage In, Garbage Out) that gets in the way of valuable analytics.
“Just because a business has access to a lot of data does not mean it has established authoritative, useful intelligence,” said Edmund Ng, Regional Sales Director Asia Pacific, Melissa. “Authoritative customer data needs to be merged with Big Data to derive what customers want to buy, what they have already purchased, and their sentiments toward specific products. These insights are critical in driving smart decisions in marketing and promotions.”
Melissa’s Singapore office offers convenient, in-country access to Melissa services and personnel, and continues to add services and support for the Asia Pacific region. To learn more, visit Melissa at Chief Data & Analytics Officer Singapore, July 23-24, 2019, at the Novotel Singapore Clarke Quay; click here if you prefer to set a briefing appointment. To connect with members of Melissa’s global intelligence team outside of this event, visit www.Melissa.com or call 1-800-MELISSA.
About Melissa
Since 1985, Melissa has specialized in global intelligence solutions to help organizations unlock accurate data for a more compelling customer view. More than 10,000 clients worldwide in arenas such as retail, education, healthcare, insurance, finance, and government, rely on Melissa for full spectrum data quality and ID verification software, including data matching, validation, and enhancement services to gain critical insight and drive meaningful customer relationships. For more information or free product trials, visit www.Melissa.com or call 1-800-MELISSA (635-4772).
http://mrem.bernama.com/viewsm.php?idm=35001
SINGAPORE, July 16 (Bernama-GLOBE NEWSWIRE) -- Melissa, a leading provider of global contact data quality and identity verification solutions, today announced it will demonstrate its comprehensive suite of Big Data Quality tools and services at Chief Data & Analytics Officer Singapore, July 23-24, 2019. Melissa’s Big Data Quality tools prevent incorrect, incomplete, duplicated, or outdated data from entering enterprise systems, ensuring analytics are fueled with the actionable intelligence necessary for authoritative results.
By partnering with leading data integration providers, Melissa enables simplified data verification and identity verification, and serves as a central operational hub for all federated customer and identity data. The company’s tools work seamlessly in the ETL process to empower businesses to ingest structured and unstructured large volume data and improve operations in record time by interfacing with legacy repositories, Big Data lakes, and real-time streams, or assisting in migration to modern infrastructure.
Melissa recognizes that data officers face volume, variety, and velocity of data – factors that create challenges in storing, maintaining, and analyzing customer data. Seamless data quality makes a difference by enabling a sustainable analytics strategy, preventing the GIGO (Garbage In, Garbage Out) that gets in the way of valuable analytics.
“Just because a business has access to a lot of data does not mean it has established authoritative, useful intelligence,” said Edmund Ng, Regional Sales Director Asia Pacific, Melissa. “Authoritative customer data needs to be merged with Big Data to derive what customers want to buy, what they have already purchased, and their sentiments toward specific products. These insights are critical in driving smart decisions in marketing and promotions.”
Melissa’s Singapore office offers convenient, in-country access to Melissa services and personnel, and continues to add services and support for the Asia Pacific region. To learn more, visit Melissa at Chief Data & Analytics Officer Singapore, July 23-24, 2019, at the Novotel Singapore Clarke Quay; click here if you prefer to set a briefing appointment. To connect with members of Melissa’s global intelligence team outside of this event, visit www.Melissa.com or call 1-800-MELISSA.
About Melissa
Since 1985, Melissa has specialized in global intelligence solutions to help organizations unlock accurate data for a more compelling customer view. More than 10,000 clients worldwide in arenas such as retail, education, healthcare, insurance, finance, and government, rely on Melissa for full spectrum data quality and ID verification software, including data matching, validation, and enhancement services to gain critical insight and drive meaningful customer relationships. For more information or free product trials, visit www.Melissa.com or call 1-800-MELISSA (635-4772).
http://mrem.bernama.com/viewsm.php?idm=35001
Tuesday, July 16, 2019
Samsung Galaxy, BTS, Kyochon among Korean wave 2019 top brand winners
KUALA LUMPUR, July 10 (Bernama) -- BRANDSTARS Selection Committee has announced the top representative brands of Korean wave 2019 which offer good quality and best service for consumers.
Garosu-gil in Gangnam, Seoul and Jeju Island were named as representatives in the tourism category while Samsung Galaxy, Hyundai Genesis, LG TROMM washing machine and Dong-A Pharmaceutical's Bacchus were listed in the industry category.
Also named were Lotte Department Store and The Shilla Duty Free for the shopping category; meanwhile, extremely popular boyband, BTS was listed as representative for entertainment brand, according to a statement.
Amorepacific Sulwhasoo, LG Household and Health Care's The History of Whoo, JUNGSAEMMOOL Beauty, DNCOMPANY's derma-healing aesthetic brand Esthemed, and BELLANEZ's major cosmeceutical brand De medicotem took the spotlight in the K-Beauty category.
For the food category, CJ Foods' bibigo, Binggrae Banana Flavored Milk, and Nongshim Shin Ramyun were selected the most popular brands while SINJEONTOPOKKI and Buldak Ramen are representatives for Korean spiciness, and Kyochon for Korean fried chicken.
For full list of winners, visit http://www.brandstars.co.kr.
-- BERNAMA
Garosu-gil in Gangnam, Seoul and Jeju Island were named as representatives in the tourism category while Samsung Galaxy, Hyundai Genesis, LG TROMM washing machine and Dong-A Pharmaceutical's Bacchus were listed in the industry category.
Also named were Lotte Department Store and The Shilla Duty Free for the shopping category; meanwhile, extremely popular boyband, BTS was listed as representative for entertainment brand, according to a statement.
Amorepacific Sulwhasoo, LG Household and Health Care's The History of Whoo, JUNGSAEMMOOL Beauty, DNCOMPANY's derma-healing aesthetic brand Esthemed, and BELLANEZ's major cosmeceutical brand De medicotem took the spotlight in the K-Beauty category.
For the food category, CJ Foods' bibigo, Binggrae Banana Flavored Milk, and Nongshim Shin Ramyun were selected the most popular brands while SINJEONTOPOKKI and Buldak Ramen are representatives for Korean spiciness, and Kyochon for Korean fried chicken.
For full list of winners, visit http://www.brandstars.co.kr.
-- BERNAMA
Monday, July 15, 2019
LEADING ASIAN TRADE FAIR, STYLE BANGKOK MAKES ITS GRAND RETURN THIS OCTOBER
KUALA LUMPUR, July 15 (Bernama) -- STYLE Bangkok, the premier international lifestyle trade fair, will be held from 17 - 21 October 2019 at the Bangkok International Trade & Convention Centre (BITEC), Bangkok, Thailand. The exhibition spreads over Halls 98 - 104 of BITEC Bangna in an area covering more than 40,000 square meters. STYLE Bangkok’s October edition brings together a vast selection of products guaranteed to interest both buyers and shoppers.
The Department of International Trade Promotion (DITP), Ministry of Commerce, aims to provide market opportunities for small and medium entrepreneurs and give them access to the global market, thus enabling them to grow into leading exporters of lifestyle products. The Fair will also underline Thailand’s capacity and readiness to become the international hub for Lifestyle Products exhibitions. Some 50,000 participants are expected to attend with the value of purchase orders made at the fair projected to exceed 2 billion baht. The exhibitor estimates of 2,000 booths from 1,000 companies will showcase five main products groups at STYLE Bangkok 2019, namely fashion, furniture, gifts, home decorative items and household gods targeting traditional buyers as well as niche business groups such as hotel industry, the real estate sectors, interior decorators and designers and meeting the needs of every business sector.
As part of the October edition of the Fair, the Department of international Trade Promotion (DITP) is hosting special exhibitions that specifically correspond to trends in modern society. The event will include exhibitions that integrate ideas for eco-lifestyle and spiritual living. Visitors will also be able to explore specific fashion and lifestyles products created from the original ideas of experts, such as the Qurated Fashion Incubation, and the Material Solution products. Those attending STYLE Bangkok will be able to see for themselves the extent to which Thai entrepreneurs have developed in responding to rapid global change and needs, whether in terms of raw material utilization, design or creativity.
http://mrem.bernama.com/viewsm.php?idm=34999
The Department of International Trade Promotion (DITP), Ministry of Commerce, aims to provide market opportunities for small and medium entrepreneurs and give them access to the global market, thus enabling them to grow into leading exporters of lifestyle products. The Fair will also underline Thailand’s capacity and readiness to become the international hub for Lifestyle Products exhibitions. Some 50,000 participants are expected to attend with the value of purchase orders made at the fair projected to exceed 2 billion baht. The exhibitor estimates of 2,000 booths from 1,000 companies will showcase five main products groups at STYLE Bangkok 2019, namely fashion, furniture, gifts, home decorative items and household gods targeting traditional buyers as well as niche business groups such as hotel industry, the real estate sectors, interior decorators and designers and meeting the needs of every business sector.
As part of the October edition of the Fair, the Department of international Trade Promotion (DITP) is hosting special exhibitions that specifically correspond to trends in modern society. The event will include exhibitions that integrate ideas for eco-lifestyle and spiritual living. Visitors will also be able to explore specific fashion and lifestyles products created from the original ideas of experts, such as the Qurated Fashion Incubation, and the Material Solution products. Those attending STYLE Bangkok will be able to see for themselves the extent to which Thai entrepreneurs have developed in responding to rapid global change and needs, whether in terms of raw material utilization, design or creativity.
http://mrem.bernama.com/viewsm.php?idm=34999
Friday, July 12, 2019
MOBILEIRON NAMES JEROEN NOOIJEN VICE PRESIDENT OF SALES FOR ASIA PACIFIC AND JAPAN
SINGAPORE, July 11 (Bernama-BUSINESS WIRE) -- MobileIron (NASDAQ:MOBL), the company to introduce the industry’s first mobile-centric, zero trust enterprise security platform, today announced the appointment of Jeroen Nooijen as Vice President of Sales for Asia Pacific and Japan. Based in Singapore, Jeroen is responsible for MobileIron’s go-to-market and channel strategies across the region, including partner alliances, customer acquisition and sales operations.
Jeroen brings more than 20 years of leadership experience in the enterprise networking infrastructure and security industry with a proven track record in building high-performing sales teams to accelerate market expansion. Before this appointment, Jeroen scaled MobileIron’s business in Europe, the Middle East and Africa through Benelux as a director and most recently as Vice President for EMEA North, West and South. He also led sales teams at Trapeze Networks and Radware.
"The addition of Jeroen, a highly seasoned technology sales leader, to the Asia Pacific team comes at the most opportune time as MobileIron launches the world’s first mobile-centric, zero trust strategy that makes the mobile device your ID and secure access to the enterprise,” said Greg Randolph, Senior Vice President Worldwide Sales at MobileIron. “Armed with extensive experience helping EMEA enterprises recognize the need for a robust mobile-centric enterprise grade solution over the last six years, we are confident that he will propel the adoption of MobileIron’s revolutionary zero sign-on technology that completely eliminates passwords amongst our Asia Pacific customers.”
Jeroen holds a degree in Business Administration from Fontys University of Applied Sciences in the Netherlands.
About MobileIron
MobileIron is redefining enterprise security with the industry’s first mobile-centric, zero trust platform built on the foundation of unified endpoint management (UEM) to secure access and protect data across the perimeter-less enterprise. Over 17,000 customers, including the world’s largest financial institutions, intelligence agencies, and other highly regulated companies rely on MobileIron to enable a seamless and secure user experience by ensuring only authorized users, devices, apps, and services can access business resources. For more information, visit www.mobileiron.com.
http://mrem.bernama.com/viewsm.php?idm=34966
Jeroen brings more than 20 years of leadership experience in the enterprise networking infrastructure and security industry with a proven track record in building high-performing sales teams to accelerate market expansion. Before this appointment, Jeroen scaled MobileIron’s business in Europe, the Middle East and Africa through Benelux as a director and most recently as Vice President for EMEA North, West and South. He also led sales teams at Trapeze Networks and Radware.
"The addition of Jeroen, a highly seasoned technology sales leader, to the Asia Pacific team comes at the most opportune time as MobileIron launches the world’s first mobile-centric, zero trust strategy that makes the mobile device your ID and secure access to the enterprise,” said Greg Randolph, Senior Vice President Worldwide Sales at MobileIron. “Armed with extensive experience helping EMEA enterprises recognize the need for a robust mobile-centric enterprise grade solution over the last six years, we are confident that he will propel the adoption of MobileIron’s revolutionary zero sign-on technology that completely eliminates passwords amongst our Asia Pacific customers.”
Jeroen holds a degree in Business Administration from Fontys University of Applied Sciences in the Netherlands.
About MobileIron
MobileIron is redefining enterprise security with the industry’s first mobile-centric, zero trust platform built on the foundation of unified endpoint management (UEM) to secure access and protect data across the perimeter-less enterprise. Over 17,000 customers, including the world’s largest financial institutions, intelligence agencies, and other highly regulated companies rely on MobileIron to enable a seamless and secure user experience by ensuring only authorized users, devices, apps, and services can access business resources. For more information, visit www.mobileiron.com.
http://mrem.bernama.com/viewsm.php?idm=34966
Hytera provides foresighted guidance via new white paper
With rich industry experience, deep understanding of end-user requirements and a forward-looking vision for the development of the communication industry, Hytera launched the white paper to provide customers with foresighted guidance.
Hytera, in a statement said the white paper discussed the development of communication technologies and the need for broadband technologies to support and enhance daily operations and emergency response to mission-critical and business-critical end-users.
The white paper carries the discussion further by providing recommendations and analyses of different deployment models for mission critical services over a broadband network.
It also encourages mobile network operators to collaborate with public safety agencies and business owners, with Hytera providing their technical expertise and vast experience.
The white paper can be downloaded at https://www.hytera.com/html/mvno/index.html
-- BERNAMA
"BANGKOK RHVAC 2019 AND BANGKOK E&E 2019, BUSINESS OPPORTUNITIES LIKE NO OTHERS"
KUALA LUMPUR, July 9 (Bernama) -- The Department of International Trade Promotion (DITP), Ministry of Commerce, together with The Federation of Thai Industries (F.T.I.) are organizing BANGKOK RHVAC 2019 (Bangkok Refrigeration, Heating, Ventilation and Air-conditioning) and BAGNKOK E&E 2019 (Bangkok Electric and Electronics) during 25 - 28 September 2019, Hall 98-100 at Bangkok International Trade and Exhibition Centre (BITEC), Bangkok, Thailand. 25 - 27 September 2019 (Trade Days) and 28 September 2019 (Public Day), 10.00 hrs. - 18.00 hrs.
Bangkok RHVAC 2019 and Bangkok E&E 2019 will open up a world of trade opportunities at Bangkok Refrigeration, Heating, Ventilation and Air-Conditioning 2019 (Bangkok RHVAC 2019) and Bangkok Electric and Electronics 2019 (Bangkok E&E 2019). It is an arena for trade negotiation and business network featuring professionals in the industries from around the world which will be showcasing refrigeration, heating, cooling, and ventilation products as well as electric and electronic goods. Besides, it will present Thailand’s potential from upstream to downstream industries as well as eco-friendly technologies and innovations to the eyes of the world.
Bangkok RHVAC 2019 and Bangkok E&E 2019 have grown continuously. In 2017, Bangkok RHVAC and Bangkok E&E featured 332 exhibitors from various countries including Asia and Europe and showcased products and services covering 953 exhibition booths with a total of 11,351 visitors from Thailand and overseas. It is anticipated that this year’s fair will gather more than 400 exhibitors who will showcase their products in 1,000 booths and attract over 14,000 traders and visitors from around the world. This year, the exhibition is expecting of 1,050 booths from 400 companies in both Bangkok RHVAC and Bangkok E&E 2019 from ASEAN, Korea, India, China, Middle East, Europe and USA.
The exhibition features “One Stop Solutions” theme which will provide the best trade platform for all enterprising manufactures, buyers, retailers, importers and exporters of refrigerators, air-conditioners, electric and electronics products.
Source: Royal Thai Embassy
http://mrem.bernama.com/viewsm.php?idm=34935
Bangkok RHVAC 2019 and Bangkok E&E 2019 will open up a world of trade opportunities at Bangkok Refrigeration, Heating, Ventilation and Air-Conditioning 2019 (Bangkok RHVAC 2019) and Bangkok Electric and Electronics 2019 (Bangkok E&E 2019). It is an arena for trade negotiation and business network featuring professionals in the industries from around the world which will be showcasing refrigeration, heating, cooling, and ventilation products as well as electric and electronic goods. Besides, it will present Thailand’s potential from upstream to downstream industries as well as eco-friendly technologies and innovations to the eyes of the world.
Bangkok RHVAC 2019 and Bangkok E&E 2019 have grown continuously. In 2017, Bangkok RHVAC and Bangkok E&E featured 332 exhibitors from various countries including Asia and Europe and showcased products and services covering 953 exhibition booths with a total of 11,351 visitors from Thailand and overseas. It is anticipated that this year’s fair will gather more than 400 exhibitors who will showcase their products in 1,000 booths and attract over 14,000 traders and visitors from around the world. This year, the exhibition is expecting of 1,050 booths from 400 companies in both Bangkok RHVAC and Bangkok E&E 2019 from ASEAN, Korea, India, China, Middle East, Europe and USA.
The exhibition features “One Stop Solutions” theme which will provide the best trade platform for all enterprising manufactures, buyers, retailers, importers and exporters of refrigerators, air-conditioners, electric and electronics products.
Source: Royal Thai Embassy
http://mrem.bernama.com/viewsm.php?idm=34935
Thursday, July 11, 2019
New Vricon CitySuite serves urban geospatial users
KUALA LUMPUR, July 11 (Bernama) -- Vricon has launched its newest 3D data product, CitySuite to meet the ever-changing demands of the geospatial market.
Derived from Vricon’s Globe in 3D, CitySuite offers worldwide users a highly accurate, immersive 3D at an affordable price.
Vricon CitySuite is designed to help planners with a range of activities, from citywide asset management to smart 3D mapping.
All Vricon CitySuite products are perfectly aligned and include 2m Digital Terrain Models, 3D Building Vectors, 3D Vegetation Vectors and 4D Bridge Vectors.
Vricon chief executive officer, Magnus Brege said: “All urban innovation, whether it involves small pilots or larger Smart City initiatives, requires smart data to plan for the best citizen experience.
“Vricon CitySuite scales to our user needs, from citywide asset management to smart 3D mapping. But unlike other source options, CitySuite provides geospatial products that fit with state and local government budgets.”
Headquartered in Virginia, Vricon serves the global professional geospatial market with world-leading 3D geodata and 3D visualisation solutions. More details at www.vricon.com
-- BERNAMA
Derived from Vricon’s Globe in 3D, CitySuite offers worldwide users a highly accurate, immersive 3D at an affordable price.
Vricon CitySuite is designed to help planners with a range of activities, from citywide asset management to smart 3D mapping.
All Vricon CitySuite products are perfectly aligned and include 2m Digital Terrain Models, 3D Building Vectors, 3D Vegetation Vectors and 4D Bridge Vectors.
Vricon chief executive officer, Magnus Brege said: “All urban innovation, whether it involves small pilots or larger Smart City initiatives, requires smart data to plan for the best citizen experience.
“Vricon CitySuite scales to our user needs, from citywide asset management to smart 3D mapping. But unlike other source options, CitySuite provides geospatial products that fit with state and local government budgets.”
Headquartered in Virginia, Vricon serves the global professional geospatial market with world-leading 3D geodata and 3D visualisation solutions. More details at www.vricon.com
-- BERNAMA
US-based Genscape, Mitsubishi Research Institute brighten Japan´s wholesale power market
KUALA LUMPUR, July 10 (Bernama) -- Genscape Inc and Mitsubishi Research Institute (MRI) recently signed a partnership agreement to provide real-time data services to the newly-liberated Japanese wholesale power market.
In a statement, the United States-based Genscape said both companies would collaborate on Power RT services in Japan.
MRI will facilitate Power RT platform sales in Japan and couple the data with the MRI Power Price Index (MPX) platform, providing a new service for short-term power trading.
The Japanese MRI has actively participated in market reform via its wholesale power market index publication, available on MPX platform.
This product currently serves clientele, including the former Japanese vertically integrated utilities, new power, supplier, producer players and power plant developers.
As the Japanese market opened up, Genscape harnessed its proprietary monitoring technology, proven in North America and Europe.
As changes in power plant generation significantly impact wholesale power market prices, the real-time data helps market participants understand impacts so they can execute short-term trades and build long-term strategies.
-- BERNAMA
In a statement, the United States-based Genscape said both companies would collaborate on Power RT services in Japan.
MRI will facilitate Power RT platform sales in Japan and couple the data with the MRI Power Price Index (MPX) platform, providing a new service for short-term power trading.
The Japanese MRI has actively participated in market reform via its wholesale power market index publication, available on MPX platform.
This product currently serves clientele, including the former Japanese vertically integrated utilities, new power, supplier, producer players and power plant developers.
As the Japanese market opened up, Genscape harnessed its proprietary monitoring technology, proven in North America and Europe.
As changes in power plant generation significantly impact wholesale power market prices, the real-time data helps market participants understand impacts so they can execute short-term trades and build long-term strategies.
-- BERNAMA
SMARTSTREAM PUBLISHES PAPER HIGHLIGHTING THE IMPORTANCE OF MANAGING INTRADAY LIQUIDITY TO GENERATE REVENUE
LONDON, July 10 (Bernama-BUSINESS WIRE) -- SmartStream Technologies, the financial Transaction Lifecycle Management (TLM®) solutions provider, today released a white paper to inform financial institutions of the regulatory pressures imposed on intraday liquidity requirements. This has now moved beyond reporting positions to actively managing and controlling intraday liquidity, all in an effort to reduce costs and increase profitability.
The white paper titled: ‘Intraday Liquidity Management: From a costs discussion to a revenue opportunity’ - explores the benefits that can be realised by financial institutions when they transform intraday discussions from an operational burden into adding true business value. It also analyses how institutions can leverage next-generation technologies like Cloud, Artificial Intelligence and Machine Learning to achieve the goals of real-time, active management of global intraday liquidity.
Nadeem Shamim, Head of Cash and Liquidity Management, SmartStream, brings over 30 years of experience in the industry, comments: “While this may seem to be another exercise in regulatory compliance, active intraday management offers a competitive advantage in the changing regulatory landscape. It provides added benefits to both banks and their customers. In the past, intraday liquidity management was a nice to have, but this has moved to a ’must have’ and the trend is to optimise the management of intraday liquidity, from a cost perspective to a potential revenue generating exercise. This typifies the kind of discussions we are currently having with our customers on a daily basis”.
The paper reviews the regulators’ views and the monitoring tools available, including stress testing scenarios. Additionally, the value drivers suggest that whilst meeting regulatory obligations is undoubtedly front and centre for most financial institutions, the ability to manage liquidity intraday and to stress test liquidity demands are not simply a matter of regulatory interest. There are considerable business optimisation opportunities that can come from having a strengthened intraday liquidity framework. Finally, the paper discusses the current status of where banks are now with their monitoring of intraday liquidity.
http://mrem.bernama.com/viewsm.php?idm=34957
The white paper titled: ‘Intraday Liquidity Management: From a costs discussion to a revenue opportunity’ - explores the benefits that can be realised by financial institutions when they transform intraday discussions from an operational burden into adding true business value. It also analyses how institutions can leverage next-generation technologies like Cloud, Artificial Intelligence and Machine Learning to achieve the goals of real-time, active management of global intraday liquidity.
Nadeem Shamim, Head of Cash and Liquidity Management, SmartStream, brings over 30 years of experience in the industry, comments: “While this may seem to be another exercise in regulatory compliance, active intraday management offers a competitive advantage in the changing regulatory landscape. It provides added benefits to both banks and their customers. In the past, intraday liquidity management was a nice to have, but this has moved to a ’must have’ and the trend is to optimise the management of intraday liquidity, from a cost perspective to a potential revenue generating exercise. This typifies the kind of discussions we are currently having with our customers on a daily basis”.
The paper reviews the regulators’ views and the monitoring tools available, including stress testing scenarios. Additionally, the value drivers suggest that whilst meeting regulatory obligations is undoubtedly front and centre for most financial institutions, the ability to manage liquidity intraday and to stress test liquidity demands are not simply a matter of regulatory interest. There are considerable business optimisation opportunities that can come from having a strengthened intraday liquidity framework. Finally, the paper discusses the current status of where banks are now with their monitoring of intraday liquidity.
http://mrem.bernama.com/viewsm.php?idm=34957
Wednesday, July 10, 2019
Tuesday, July 9, 2019
US FDA grants SunGen Pharma approval for medical product
KUALA LUMPUR, July 9 (Bernama) -- SunGen Pharma, a privately held specialty pharmaceutical company has received its sixth ANDA approval from the United States (US) Food and Drug Administration (FDA).
The approval for Methylprednisolone tablets, 4 mg, is a corticosteroid used to treat conditions including arthritis, allergic reactions and immune system disorders, as well as dermatologic, ophthalmic, respiratory, and gastrointestinal diseases, according to a statement.
“This is the sixth approval for SunGen. Our strong development capabilities are further supported by the short timeline in which the US FDA has approved our dossiers,” said co-founder and co-chief executive officer, Dr Isaac Liu.
SunGen Pharma has started its oral and topical research and development centre in January 2016 and entered into a Development and License Agreement with Elite Pharmaceuticals Inc in August 2016, to collaborate, develop and commercialise four generic pharmaceutical products.
In June this year, the company announced the launch of Bivalirudin through PIV Challenges in the US, in partnership with Athenex and Hainan Shuangcheng Pharmaceuticals.
-- BERNAMA
The approval for Methylprednisolone tablets, 4 mg, is a corticosteroid used to treat conditions including arthritis, allergic reactions and immune system disorders, as well as dermatologic, ophthalmic, respiratory, and gastrointestinal diseases, according to a statement.
“This is the sixth approval for SunGen. Our strong development capabilities are further supported by the short timeline in which the US FDA has approved our dossiers,” said co-founder and co-chief executive officer, Dr Isaac Liu.
SunGen Pharma has started its oral and topical research and development centre in January 2016 and entered into a Development and License Agreement with Elite Pharmaceuticals Inc in August 2016, to collaborate, develop and commercialise four generic pharmaceutical products.
In June this year, the company announced the launch of Bivalirudin through PIV Challenges in the US, in partnership with Athenex and Hainan Shuangcheng Pharmaceuticals.
-- BERNAMA
Friday, July 5, 2019
PHOTO RELEASE - 37TH CONFERENCE OF THE MALAYSIA-JAPAN ECONOMIC ASSOCIATION (MAJECA) AND JAPAN-MALAYSIA ECONOMIC ASSOCIATION (JAMECA)
KUALA LUMPUR, July 3 (Bernama) -- Yang Amat Berhormat Tun Dr Mahathir Mohamad, Prime Minister of Malaysia (2nd from right) paid a brief visit to AmBank Group’s booth at the 37th MAJECA-JAMECA Joint Conference. Also present were Tan Sri Azman Hashim, Chairman, AmBank Group, who is also the President of MAJECA (center), Syed Anuar Syed Ali, Executive Vice President, Group Corporate Communications & Marketing, AmBank Group (far right), Zalina Shaheed Ali, Senior Manager, Marketing & Value Proposition, Retail Distribution, AmBank (M) Berhad (far left) and Low Poey Poey, Assistant Manager, Sales Event, Retail Distribution, AmBank (M) Berhad (2nd from left).
Themed “Expanding Trade & Investments between Malaysia and Japan in the Innovative Technologies Sectors”, MAJECA and its Japanese counterpart, Japan-Malaysia Economic Association (JAMECA), have played a dynamic role to help Malaysia achieve its economic industrialisation goals, as evident by more than 1,500 Japanese companies in many industrial sectors locating their businesses in Malaysia. With the fast-changing business landscape, MAJECA takes cognizance that businesses need to adopt market-driven technological innovations to be able to compete effectively in the global marketplace.
The conference was held on 1 July 2019 at EQ, Equatorial Plaza, Kuala Lumpur.
Source: AmBank Group
Thursday, July 4, 2019
Manulife Malaysia launches 'Bring Art To Life' challenge
KUALA LUMPUR, July 4 (Bernama) – Shortly after launching the Art Wall at the Muzium Negara MRT station last month, Manulife Malaysia now has the 'Bring Art to Life' challenge which will run till Aug 2.
The Art Wall is the company’s largest advertising asset and currently showcases a work depicting typical Malaysian settings by multi-award winning children’s book author and illustrator, Emila Yusof.
The contest involves sending a photo of yourself at the Art Wall with a caption that is under 20 words. For more details, visit its Facebook (/ManulifeMalaysia) or Instagram (@manulife.malaysia) platforms.
“Winners will be selected according to the completion of four simple steps, followed by the most creative photo and caption,” said a statement from Manulife Malaysia.
It said that the top three winners of the contest which began on July 3 will receive a Samsung Galaxy A30, Samsung Galaxy Fit and Xiaomi Mi Band 2 respectively, while seven consolation prize winners will receive Manulife Malaysia customised Touch 'N' Go cards.
-- BERNAMA
The Art Wall is the company’s largest advertising asset and currently showcases a work depicting typical Malaysian settings by multi-award winning children’s book author and illustrator, Emila Yusof.
The contest involves sending a photo of yourself at the Art Wall with a caption that is under 20 words. For more details, visit its Facebook (/ManulifeMalaysia) or Instagram (@manulife.malaysia) platforms.
“Winners will be selected according to the completion of four simple steps, followed by the most creative photo and caption,” said a statement from Manulife Malaysia.
It said that the top three winners of the contest which began on July 3 will receive a Samsung Galaxy A30, Samsung Galaxy Fit and Xiaomi Mi Band 2 respectively, while seven consolation prize winners will receive Manulife Malaysia customised Touch 'N' Go cards.
-- BERNAMA
Wednesday, July 3, 2019
UCK Network presents blockchain ecosystem at Thailand Investment Forum
KUALA LUMPUR, July 2 (Bernama) -- China and Singapore-based blockchain company, UCK Network presented its blockchain ecosystem at the Greater Mekong Investment Forum in Bangkok, Thailand recently.
Hosted by Euromoney Conference, the forum was participated by UCK Network’s chief executive officer, Moses Ma; co-founder, Leo Hu; and, international strategy consultant, Helen Zhang, according to a statement.
Former Thai deputy prime minister, Dr Supachai Panitchpakdi and Thailand Stock Exchange president, Dr Pakorn Peetathawatchai who were also present, spoke at the forum.
UCK Network’s blockchain ecosystem solution provides the public easy access to blockchain world, whereby cryptocurrency mining programme has been written on the chip inside and does not require programming knowledge and low miner costs.
-- BERNAMA
Hosted by Euromoney Conference, the forum was participated by UCK Network’s chief executive officer, Moses Ma; co-founder, Leo Hu; and, international strategy consultant, Helen Zhang, according to a statement.
Former Thai deputy prime minister, Dr Supachai Panitchpakdi and Thailand Stock Exchange president, Dr Pakorn Peetathawatchai who were also present, spoke at the forum.
UCK Network’s blockchain ecosystem solution provides the public easy access to blockchain world, whereby cryptocurrency mining programme has been written on the chip inside and does not require programming knowledge and low miner costs.
-- BERNAMA
Monday, July 1, 2019
Chongqing Liangjiang New Area promotes cultural stories
KUALA LUMPUR, July 1 (Bernama) -- In a bid to introduce the culture and tourism resources of Chongqing Liangjiang New Area, a video clip entitled ‘Open Liangjiang, the City of the Future’ was recently broadcast.
Broadcast by Chongqing TV, the programme tells the story of inland opening-up, reform and innovation, efforts of going global and intelligence in the area.
The campaign is part of Chongqing's plan to build a global tourism destination by telling China's stories.
Via the transformation of the discourse, the local cultural tourism resources and development strategies are narrated in an eloquent way, which quickly became a popular topic.
Chongqing launched a half-year cultural tour promotion campaign to encourage local officials to introduce local culture and scenery on March 25, in a bid to explore the city's historical and cultural resources and philosophies.
Data from mobile platforms such as Douyin showed that online attention to Chongqing increased five-fold year on year, boasting tens of billions of exposures.
As a focus region for global investors, Chongqing Liangjiang New Area has been developing at a fast pace, attracting 1.4 trillion yuan of investments since its establishment in 2010.
Chongqing Liangjiang New Area received 32.42 million tourists, with annual tourism revenue reaching 44.857 billion yuan last year. (100 yuan = RM60.40)
-- BERNAMA
Broadcast by Chongqing TV, the programme tells the story of inland opening-up, reform and innovation, efforts of going global and intelligence in the area.
The campaign is part of Chongqing's plan to build a global tourism destination by telling China's stories.
Via the transformation of the discourse, the local cultural tourism resources and development strategies are narrated in an eloquent way, which quickly became a popular topic.
Chongqing launched a half-year cultural tour promotion campaign to encourage local officials to introduce local culture and scenery on March 25, in a bid to explore the city's historical and cultural resources and philosophies.
Data from mobile platforms such as Douyin showed that online attention to Chongqing increased five-fold year on year, boasting tens of billions of exposures.
As a focus region for global investors, Chongqing Liangjiang New Area has been developing at a fast pace, attracting 1.4 trillion yuan of investments since its establishment in 2010.
Chongqing Liangjiang New Area received 32.42 million tourists, with annual tourism revenue reaching 44.857 billion yuan last year. (100 yuan = RM60.40)
-- BERNAMA
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