KUALA LUMPUR, Aug 28 (Bernama) -- As Malaysia turns 63 years old, the country will need to continue its transformation in becoming a knowledge-based economy to achieve its status as a developed nation, says Chris Wang.
Wang, CEO of the Asia Pacific Investment Bank (APIB) says Malaysia’s economic development has been stable as compared to its Southeast Asian peers, but it faces several constraints in breaking through the middle-income trap and become an advanced country.
For instance, Malaysia does not have a large consumer base such as the US, China and Japan to help propel the country to become an advanced nation.
“There has always been only one option for a small country like Malaysia to achieve such a goal, which is to develop a knowledge-based economy that possesses advanced knowledge, instead of relying only natural resources, that is unique and valuable.
“Education, research and development are the main sectors of a knowledge-based economy. Talent and human resources are the most important assets,” he adds.
Wang says the key driver behind a knowledge-based economy is an open financial market that could help the country attract talents, encourage development and innovation.
“Malaysia’s knowledge-based economy must rely on an open financial market to release its full potential. This can be done through continuous development and further opening of Malaysia’s Islamic finance.
“It is vital for Malaysia to open up its Islamic financial market further to attract talents and encourage technological advancement. It will benefit the service and manufacturing industries of the country,” he says.
Wang lauded Malaysian’s government strategic planning for the country’s economy. And he says APIB wants to help the country to open up its Islamic finance industry further.
“The objectives of Malaysia’s economic planning are clear. But it can be adjusted, especially in terms of its Islamic finance and capital market openness. For instance, the country should give full support to foreign Islamic entities including financial companies to enter its capital market. We believe this will allow more high technology businesses and innovative companies to set up their bases here,” he says.
He adds that many foreign enterprises from China and other countries are looking for cross-border investment and opportunities to enter the Islamic market. And Malaysia is in a good position to attract these companies and bring their advanced science and technological knowledge and capital into the country.
“As countries and businesses globally are embracing the Industry 4.0 trend, the existence of high-tech enterprises will support such a transformation process,” he adds.
Meanwhile, Wang says the world will witness drastic changes in the international order in the third decade of the 21st century. Malaysia’s leading position among ASEAN countries and how it continues to enhance itself as a global Islamic financial centre are keys to the country’s further progression.
“We are standing at a turning point in the development of the Islamic finance industry. And what the industry players need now is the courage to speak our minds and voice our demands for the Islamic industry to open up further. When this happens, it will attractive worldwide attention.
“APIB will work with the Malaysian government, financial institutions, local and foreign enterprises to help the country move towards a better future,” says Wang.
SOURCE: Asia Pacific Investment Bank (APIB)
FOR MORE INFORMATION, PLEASE CONTACT:
Name: Tai Shin Yin
Rechner Sdn Bhd
Tel: 0133397873
--BERNAMA
Friday, August 28, 2020
MALAYSIAN GOVERNMENT MAKES DIGITAL TRANSFORMATION A PRIORITY FOR ENHANCEMENT OF PUBLIC SERVICE DELIVERY
Crowdsourcing solutions from the Rakyat to accelerate digitalisation of government services delivery in response to the change in operating conditions post COVID-19 Pandemic
KUALA LUMPUR, Aug 28 (Bernama) -- The Malaysian government will further accelerate the digitalisation of selective government services delivery in response to the ‘new normal’ brought about by COVID-19 pandemic. The initiative, announced on 5th June 2020 by Prime Minister Tan Sri Muhyiddin Yassin as part of the Short-Term Economic Recovery Plan (PENJANA), is driven by the delivery of services most affected during the movement control order (MCO).
In response to the current global health crisis, PENJANA has launched several initiatives to stimulate economic activity and promote economic recovery. One important such new initiative is MYHackathon, a project with the express aim of further enhancing digitalisation of selective government services delivery effected by the pandemic.
MYHackathon is an exciting multi-agency initiative, spearheaded by the Ministry of Science, Technology & Innovation (MOSTI) and the Ministry of Finance (MOF), and championed by a taskforce team led by Cradle Fund Sdn Bhd (Cradle) with the support of the Malaysian Global Innovation & Creativity Centre (MaGIC), the Malaysian Administrative Modernisation And Management Planning Unit (MAMPU) and UniMAKER. MYHackathon was conceptualised with the objective to address public safety and wellbeing challenges during face-to-face government services delivery. Through crowdsourcing and the cross-fertilisation of ideas, MYHackathon, by being inclusive, will stimulate talent development, create opportunities and enrich lives of the Rakyat. With these objectives in mind, MYHackathon is a result of government response to the pandemic, and the economic challenges it continues to create.
According to YB Khairy Jamaluddin, Minister of MOSTI, the COVID-19 pandemic has presented unprecedented challenges to industry, commerce and the wider community.
“While we continue to fight new challenges as a nation, amidst business disruptions and remote working scenarios, it is important for all including Governments, industry and individuals to contribute to overcome the challenges and emerge stronger as a nation. This is an era where social distancing and contactless has become the new normal. This is where digital and technology can play a critical role as digital solutions and services will help to advance positively towards economic recovery and increase efficiency. It is imperative for the Government to actively encourage digitalisation to help us as a society to adapt to it. The continuous process of digitalisation in Government’s administration, businesses and our daily lives will be the future”.
Significant recent progress in the efficient provision of public services notwithstanding, MYHackathon will help accelerate early efforts made towards the digitalisation of public bodies to meet the challenges of the ‘new normal’.
Group CEO of Cradle, Rafiza Ghazali said digitalisation is critical for economic and social development. Through digitalisation, the Government can provide services to meet the changing expectations of citizens and businesses, especially in times of budgets constraints and increasingly complex challenges.
“MYHackathon aims to be one of the core catalysts of the digital revolution for the country. We want this hackathon to spur thinking and creativity, ultimately creating a positive environment that will drive further technology utilisation in areas such as education, public welfare, healthcare and logistics. The digitalisation should not be delayed because of the current situation we face; in fact, it should be intensified because of it. We need to further expedite digitalisation to further streamline and automate processes, effectively connect different parts of government and reduce the burden on people and businesses looking to access public services. Critically, we need to use technological innovation towards the delivery of impactful public services in order to further advance the country’s economic recovery”.
The MYHackathon will be organised in 2 concurrent tracks: SPRINT and MARATHON, held over as many as six rounds all over Malaysia. The SPRINT Ideation Track will be open to all Malaysian Citizens over 18 years of age registered as a group of individuals in teams of between two and five people. The MARATHON Track will also be open to all Malaysian Citizens over 18 years of age in teams of between two and five people, and eligible local start-ups. However, the MARATHON Track looks to encourage company growth or formation, through the awardance of grants.
Prizes for the SPRINT events comprise of cash (of up to RM10,000) and exciting gifts, while prizes for MARATHON events shall comprise of conditional grants of RM250,000 from Cradle to be used towards development of deployable prototype solutions.
The top three winners from each round will also meet for a final (‘Battle of the Best’) where further funding will be made available.
The MYHackathon will begin accepting applications on 12th September 2020. For more details, please visit the website: www.myhackathon.com.my or email to: hello@myhackathon.com.my
ABOUT CRADLE FUND SDN BHD (CRADLE)
Cradle Fund Sdn Bhd (Cradle) is Malaysia’s leading early stage technology-based start-ups influencer. Our mission is to create an ecosystem that supports a strong and innovative business-building environment for technology entrepreneurs through our Cradle Investment Programme (CIP). Established in 2003 with a mandate to fund high-calibre tech start start-ups, Cradle has supported over 1000 Malaysian Technology-Based companies across multiple sectors and holds the highest commercialisation rate amongst funding agencies in the country.
Cradle also runs the Coach & Grow Programme (CGP), a market-driven coaching programme that trains entrepreneurs and administers the Angel Tax Incentive programme which is designed to stimulate and encourage angel investments in support of the tech startup sector.
Cradle’s programme offerings are not restricted to monetary aid, but also include commercialisation support and various other value-added services to accelerate growth.
Cradle is a government-linked company under the Ministry of Science, Technology & Innovation (MOSTI).
For more information, please visit www.cradle.com.my
ABOUT MALAYSIAN GLOBAL INNOVATION & CREATIVITY CENTRE (MaGIC)
MaGIC discovers and empowers technology startups and social innovators through creativity, innovation and technology adoption, and develops a vibrant and sustainable entrepreneurship ecosystem in Malaysia. Since its inception in 2014, MaGIC has provided its community of start-ups, investors and ecosystem players with capacity building programmes, market & funding opportunities and regulatory assistance that impacted more than 100,000 aspiring and seasoned entrepreneurs with an overall value creation of RM1.9 billion. As an agency under the Ministry of Science, Technology and Innovation (MOSTI), MaGIC facilitates, navigates and enables the ecosystem with the mission of strengthening Malaysia’s position as an emerging innovation nation. For more information on MaGIC, please visit www.mymagic.my
ABOUT MALAYSIAN ADMINISTRATIVE MODERNISATION AND MANAGEMENT PLANNING UNIT (MAMPU)
Malaysian Administrative Modernisation and Management Planning Unit (MAMPU) is one of the few central agencies in Malaysia, responsible for ‘modernising and reformising’ the public sector in the areas of administrative reforms. MAMPU is placed under the Prime Minister Department.
For more information, please visit www.mampu.gov.my
ABOUT UNIMAKER
UNIMAKER (University Makers) – is an innovation competition run by the Ministry of Education Malaysia, as a platform to nurture & cultivate Maker's Movement in Malaysia.
For more information, please visit www.unimaker.my
SOURCE: Cradle Fund Sdn Bhd
FOR MORE INFORMATION, PLEASE CONTACT:
Name: Caroline Jintoni
Tel: +019 – 293 9096
Email: caroline@cradle.com.my
--BERNAMA
KUALA LUMPUR, Aug 28 (Bernama) -- The Malaysian government will further accelerate the digitalisation of selective government services delivery in response to the ‘new normal’ brought about by COVID-19 pandemic. The initiative, announced on 5th June 2020 by Prime Minister Tan Sri Muhyiddin Yassin as part of the Short-Term Economic Recovery Plan (PENJANA), is driven by the delivery of services most affected during the movement control order (MCO).
In response to the current global health crisis, PENJANA has launched several initiatives to stimulate economic activity and promote economic recovery. One important such new initiative is MYHackathon, a project with the express aim of further enhancing digitalisation of selective government services delivery effected by the pandemic.
MYHackathon is an exciting multi-agency initiative, spearheaded by the Ministry of Science, Technology & Innovation (MOSTI) and the Ministry of Finance (MOF), and championed by a taskforce team led by Cradle Fund Sdn Bhd (Cradle) with the support of the Malaysian Global Innovation & Creativity Centre (MaGIC), the Malaysian Administrative Modernisation And Management Planning Unit (MAMPU) and UniMAKER. MYHackathon was conceptualised with the objective to address public safety and wellbeing challenges during face-to-face government services delivery. Through crowdsourcing and the cross-fertilisation of ideas, MYHackathon, by being inclusive, will stimulate talent development, create opportunities and enrich lives of the Rakyat. With these objectives in mind, MYHackathon is a result of government response to the pandemic, and the economic challenges it continues to create.
According to YB Khairy Jamaluddin, Minister of MOSTI, the COVID-19 pandemic has presented unprecedented challenges to industry, commerce and the wider community.
“While we continue to fight new challenges as a nation, amidst business disruptions and remote working scenarios, it is important for all including Governments, industry and individuals to contribute to overcome the challenges and emerge stronger as a nation. This is an era where social distancing and contactless has become the new normal. This is where digital and technology can play a critical role as digital solutions and services will help to advance positively towards economic recovery and increase efficiency. It is imperative for the Government to actively encourage digitalisation to help us as a society to adapt to it. The continuous process of digitalisation in Government’s administration, businesses and our daily lives will be the future”.
Significant recent progress in the efficient provision of public services notwithstanding, MYHackathon will help accelerate early efforts made towards the digitalisation of public bodies to meet the challenges of the ‘new normal’.
Group CEO of Cradle, Rafiza Ghazali said digitalisation is critical for economic and social development. Through digitalisation, the Government can provide services to meet the changing expectations of citizens and businesses, especially in times of budgets constraints and increasingly complex challenges.
“MYHackathon aims to be one of the core catalysts of the digital revolution for the country. We want this hackathon to spur thinking and creativity, ultimately creating a positive environment that will drive further technology utilisation in areas such as education, public welfare, healthcare and logistics. The digitalisation should not be delayed because of the current situation we face; in fact, it should be intensified because of it. We need to further expedite digitalisation to further streamline and automate processes, effectively connect different parts of government and reduce the burden on people and businesses looking to access public services. Critically, we need to use technological innovation towards the delivery of impactful public services in order to further advance the country’s economic recovery”.
The MYHackathon will be organised in 2 concurrent tracks: SPRINT and MARATHON, held over as many as six rounds all over Malaysia. The SPRINT Ideation Track will be open to all Malaysian Citizens over 18 years of age registered as a group of individuals in teams of between two and five people. The MARATHON Track will also be open to all Malaysian Citizens over 18 years of age in teams of between two and five people, and eligible local start-ups. However, the MARATHON Track looks to encourage company growth or formation, through the awardance of grants.
Prizes for the SPRINT events comprise of cash (of up to RM10,000) and exciting gifts, while prizes for MARATHON events shall comprise of conditional grants of RM250,000 from Cradle to be used towards development of deployable prototype solutions.
The top three winners from each round will also meet for a final (‘Battle of the Best’) where further funding will be made available.
The MYHackathon will begin accepting applications on 12th September 2020. For more details, please visit the website: www.myhackathon.com.my or email to: hello@myhackathon.com.my
ABOUT CRADLE FUND SDN BHD (CRADLE)
Cradle Fund Sdn Bhd (Cradle) is Malaysia’s leading early stage technology-based start-ups influencer. Our mission is to create an ecosystem that supports a strong and innovative business-building environment for technology entrepreneurs through our Cradle Investment Programme (CIP). Established in 2003 with a mandate to fund high-calibre tech start start-ups, Cradle has supported over 1000 Malaysian Technology-Based companies across multiple sectors and holds the highest commercialisation rate amongst funding agencies in the country.
Cradle also runs the Coach & Grow Programme (CGP), a market-driven coaching programme that trains entrepreneurs and administers the Angel Tax Incentive programme which is designed to stimulate and encourage angel investments in support of the tech startup sector.
Cradle’s programme offerings are not restricted to monetary aid, but also include commercialisation support and various other value-added services to accelerate growth.
Cradle is a government-linked company under the Ministry of Science, Technology & Innovation (MOSTI).
For more information, please visit www.cradle.com.my
ABOUT MALAYSIAN GLOBAL INNOVATION & CREATIVITY CENTRE (MaGIC)
MaGIC discovers and empowers technology startups and social innovators through creativity, innovation and technology adoption, and develops a vibrant and sustainable entrepreneurship ecosystem in Malaysia. Since its inception in 2014, MaGIC has provided its community of start-ups, investors and ecosystem players with capacity building programmes, market & funding opportunities and regulatory assistance that impacted more than 100,000 aspiring and seasoned entrepreneurs with an overall value creation of RM1.9 billion. As an agency under the Ministry of Science, Technology and Innovation (MOSTI), MaGIC facilitates, navigates and enables the ecosystem with the mission of strengthening Malaysia’s position as an emerging innovation nation. For more information on MaGIC, please visit www.mymagic.my
ABOUT MALAYSIAN ADMINISTRATIVE MODERNISATION AND MANAGEMENT PLANNING UNIT (MAMPU)
Malaysian Administrative Modernisation and Management Planning Unit (MAMPU) is one of the few central agencies in Malaysia, responsible for ‘modernising and reformising’ the public sector in the areas of administrative reforms. MAMPU is placed under the Prime Minister Department.
For more information, please visit www.mampu.gov.my
ABOUT UNIMAKER
UNIMAKER (University Makers) – is an innovation competition run by the Ministry of Education Malaysia, as a platform to nurture & cultivate Maker's Movement in Malaysia.
For more information, please visit www.unimaker.my
SOURCE: Cradle Fund Sdn Bhd
FOR MORE INFORMATION, PLEASE CONTACT:
Name: Caroline Jintoni
Tel: +019 – 293 9096
Email: caroline@cradle.com.my
--BERNAMA
Thursday, August 27, 2020
LeddarTech to sponsor and present at MOVE 2020 in September
KUALA LUMPUR, Aug 25 (Bernama) -- LeddarTech® has announced its participation as a proud sponsor and presenter at the Mobility Re-imagined MOVE 2020 America from Sept 1 to 3.
“LeddarTech is excited to be involved in this tremendous event that brings together industry leaders in mobility and automotive innovations,” said Daniel Aitken, Vice President of Global Marketing and Communications.
“The transition from a physical to a virtual event has enabled MOVE 2020 to reach a greater audience, and the level of participation and interaction promises to make this event one not to miss in September.”
The company will lead two key sessions at the virtual conference, according to a statement.
On Sept 1, (3.40pm EST), LeddarTech will host a virtual roundtable exploring how an optimal sensor-fusion stack can accelerate ADAS features and AD capabilities to accelerate the adoption of Level 3 to 5 technology.
On the same date, (4.50pm EST) LeddarTech will host an interactive panel discussion along with key industry experts entitled ‘Multiple sensing modalities case study: The key to Level 3 to 5 autonomy’.
LeddarTech is an industry leader in environmental sensing solutions for autonomous vehicles and advanced driver assistance systems.
More details at www.leddartech.com.
-- BERNAMA
GOT A QUESTION ABOUT TAKAFUL? ASK AISYA, FWD TAKAFUL'S NEW ONLINE PERSONAL ASSISTANT
 |
| FWD Takaful has introduced Aisya, its first-ever online personal assistant. |
· simple and straightforward questions and answers for anyone to understand takaful
· quotations for online products
· plan recommendations based on a customer’s profile and needs
· instant responses to queries as an alternative to calling the customer care hotline during working hours or sending emails
Salim Majid Zain, FWD Takaful’s Chief Executive Officer, said, “FWD Group (FWD) prides itself in nurturing a culture of innovation and adopting technology for the ultimate benefit of our customers. Similarly, FWD Takaful is constantly looking at ways to leverage technology to increase efficiency and productivity, reduce turnaround time and drive positive customer experience in line with our vision to change the way people feel about takaful.”
“This chatbot is yet another important step we’re taking in our efforts to provide a seamless experience for Malaysians to connect with us and find out more about takaful. Aisya will provide a convenient and alternative channel for our audiences to find instant, quick answers to common questions anytime, anywhere. Aisya aims to increase the awareness of takaful in the market and help Malaysians understand how takaful products work and its benefits.” Salim added.
Get quick takaful tips from Aisya at fwd.com.my.
About FWD Takaful Berhad
FWD Takaful Berhad (FWD Takaful) is a Takaful provider in Malaysia that offers family Takaful services. FWD Takaful is licensed under the Islamic Financial Services Act 2013 and is regulated by Bank Negara Malaysia.
It is a Takaful business unit of FWD Group (FWD) – the insurance business of investment group, Pacific Century Group – which spans Hong Kong & Macau, Thailand, Indonesia, the Philippines, Singapore, Vietnam, Japan and Malaysia; offering life and medical insurance, general insurance, family Takaful and employee benefits across a number of its markets.
Since 2013, FWD has focused on creating fresh customer experiences, with easy-to-understand products, supported by digital technology. Through this customer-led approach, FWD will achieve its vision to become a leading pan-Asian insurer that changes the way people feel about insurance.
For more information, please visit fwd.com.my.
For media enquiries, please email media.my@fwd.com.
SOURCE: FWD Takaful Berhad
FOR MORE INFORMATION, PLEASE CONTACT:
Name: Arnee Ismail
Brand, PR & Communications, Marketing
Tel: (60) 3 2771 7776 / (60) 19 663 3390
Email: arnee.ismail@fwd.com
Name: Aslinda Aminuddin
PR & Communications, Marketing
Tel: (60) 3 2771 7784 / (60) 12 294 5805
Email: aslinda.aminuddin@fwd.com
--BERNAMA
Wednesday, August 26, 2020
RETAIL AND FOOD & BEVERAGE SECTOR LEVEL UP MENTORING PROGRAMME THROUGH DIGITISATION
PETALING JAYA, Aug 26 (Bernama) -- Malaysia Productivity Corporation (MPC) with Retail and Food & Beverage Productivity Nexus has moved up the mentoring programme of the retail and food & beverage sector by leveraging on digital technology. The current approach entitled “Productivity Digitisation (Productivity 1010) Retail and F&B” is expected to enhance awareness on the benefits of digitalisation in improving productivity among businesses.
Through these online initiatives, MPC hopes to create awareness, participation and momentum for independent growth to build business productivity and digital competency, thus leading Malaysia towards sustainable economic growth.
According to Director-General of Malaysia Productivity Corporation (MPC), YBhg. Dato’ Abdul Latif Haji Abu Seman “Digitalisation was discovered to be one of the top strategies used to maintain productivity, thus proving the need for greater awareness regarding the use of digital marketing and online platforms among businesses. Another advantage is to overcome the challenges set by social distancing and movement restriction order, digital marketing facilitates other ways for businesses to satisfy the needs of their customers. MPC has realised this before starting of the pandemic impact, as digitalisation of business advisory services offered by MPC has already started”.
A total of 200 companies have participated in the RFB-VACs where a total of 18 model companies were selected to participate in this Productivity Digitisation Retail and F&B programme based on observation of high potential from the previous RFB-VAC sessions. Similarly, the programme offers one-to-one consultation sessions with relevant industry experts, with the inclusion of strategic customised assistance and mentoring to build and expand the business, image-wise and branding-wise.
The sessions offered will home in on specific areas that are important for the business owner to address, namely business digitalisation, supply chain management and digital marketing and branding. The Productivity Digitisation Retail and F&B programme also provides tailored assistance in developing the business framework for existing international expansion as well as enhancement of the business’ existing online platform.
It also assists in achieving productivity initiatives by upskilling workforce, increasing the overall efficiency and productivity of the company, and promoting the adoption of technology and digitalisation. The Productivity Digitisation Retail and F&B programmes also link businesses with relevant experts and government agencies to obtain suitable funding and advice.
Retail and Food & Beverage Productivity Nexus (RFBPN) is one of the nine Productivity Nexus established by MPC to drive the implementation of productivity initiatives proposed by Malaysia Productivity Blueprint (MPB). RFBPN aims to address the key challenges of the industry and accomplish its goals in providing support and opportunities to SMEs through the digitalisation of business operations and strengthening their competency to reach the international standard.
SOURCE: Malaysia Productivity Corporation (MPC)
FOR MORE INFORMATION, PLEASE CONTACT:
Name: Nor Adira Adnan
Tel: 0179860758
Email: noradira@mpc.gov.my
Name: Huda Atiqah Samsir
Corporate Planning Division
Malaysia Productivity Corporation (MPC)
Tel:03-7955 7266 Ext:484
Fax:03-7954 0795
Email: atiqah@mpc.gov.my
--BERNAMA
Through these online initiatives, MPC hopes to create awareness, participation and momentum for independent growth to build business productivity and digital competency, thus leading Malaysia towards sustainable economic growth.
According to Director-General of Malaysia Productivity Corporation (MPC), YBhg. Dato’ Abdul Latif Haji Abu Seman “Digitalisation was discovered to be one of the top strategies used to maintain productivity, thus proving the need for greater awareness regarding the use of digital marketing and online platforms among businesses. Another advantage is to overcome the challenges set by social distancing and movement restriction order, digital marketing facilitates other ways for businesses to satisfy the needs of their customers. MPC has realised this before starting of the pandemic impact, as digitalisation of business advisory services offered by MPC has already started”.
A total of 200 companies have participated in the RFB-VACs where a total of 18 model companies were selected to participate in this Productivity Digitisation Retail and F&B programme based on observation of high potential from the previous RFB-VAC sessions. Similarly, the programme offers one-to-one consultation sessions with relevant industry experts, with the inclusion of strategic customised assistance and mentoring to build and expand the business, image-wise and branding-wise.
The sessions offered will home in on specific areas that are important for the business owner to address, namely business digitalisation, supply chain management and digital marketing and branding. The Productivity Digitisation Retail and F&B programme also provides tailored assistance in developing the business framework for existing international expansion as well as enhancement of the business’ existing online platform.
It also assists in achieving productivity initiatives by upskilling workforce, increasing the overall efficiency and productivity of the company, and promoting the adoption of technology and digitalisation. The Productivity Digitisation Retail and F&B programmes also link businesses with relevant experts and government agencies to obtain suitable funding and advice.
Retail and Food & Beverage Productivity Nexus (RFBPN) is one of the nine Productivity Nexus established by MPC to drive the implementation of productivity initiatives proposed by Malaysia Productivity Blueprint (MPB). RFBPN aims to address the key challenges of the industry and accomplish its goals in providing support and opportunities to SMEs through the digitalisation of business operations and strengthening their competency to reach the international standard.
SOURCE: Malaysia Productivity Corporation (MPC)
FOR MORE INFORMATION, PLEASE CONTACT:
Name: Nor Adira Adnan
Tel: 0179860758
Email: noradira@mpc.gov.my
Name: Huda Atiqah Samsir
Corporate Planning Division
Malaysia Productivity Corporation (MPC)
Tel:03-7955 7266 Ext:484
Fax:03-7954 0795
Email: atiqah@mpc.gov.my
--BERNAMA
Digital Edge And Stonepeak Infrastructure Partners Announce Formation Of A Diversified Asia Pacific Data Center Platform, With A $1 Billion Capital Commitment
SINGAPORE & NEW YORK, Aug 25 (Bernama-BUSINESS WIRE) -- Stonepeak Infrastructure Partners (“Stonepeak”), an infrastructure-focused private equity firm, and a group of seasoned senior executives formerly with Equinix, Facebook, Tata Communications and Macquarie, have formed a diversified, independent data center platform, Digital Edge, with a focus on acquiring and developing carrier-neutral data centers and related digital infrastructure assets across the Asia Pacific region, the company announced today. Stonepeak, its investors and the Digital Edge management team have together made a $1 billion equity capital commitment to the platform.
Headquartered in Singapore, Digital Edge (https://www.digitaledgedc.com/) aims to deliver innovative data center and interconnect solutions in order to make customer deployments easy in complex, evolving environments. The platform is led by CEO Samuel Lee, who previously served as President of Equinix’s Asia Pacific business from 2005 to 2019, and several individuals from his prior senior team at Equinix, including Kei Furuta, Andrew Rigoli and Jonathan Chou. They are joined by senior executives Jay Park, formerly with Facebook, John Freeman, formerly with Tata Communications, and Jonathan Walbridge, formerly with Macquarie.
Digital Edge also announced today the closing of two initial investments in data centers in Japan, one of the platform’s key markets. The first is a partnership with Keihanshin Building Co. and Kanden Energy Solution Co., Inc. (Kenes - Kansai Electric Power group company) for the development of a 12MW facility in central Osaka that will serve a variety of customer needs. The second is a strategic partnership with ITOCHU Techno-Solutions Corporation, beginning with their Mejirozaka Data Center in Tokyo. With these two transactions, Digital Edge will have an offering across the two largest data center markets in Japan serving both domestic and international demand.
Brian McMullen, Senior Managing Director at Stonepeak, said, “The Asia Pacific digital infrastructure market is among the fastest growing in the world, with demand continuing to outpace supply. We are delighted to partner with Samuel and his team, who bring unparalleled experience and an exceptional track record of development, and are investing in Digital Edge to help us achieve our shared vision for the region.”
Samuel Lee, CEO of Digital Edge, said, “We are very excited to partner with Stonepeak and to have completed the initial capacity acquisitions to fulfill our vision of bridging the digital divide in the Asia-Pacific region. The transactions in Tokyo and Osaka give the platform a dual footprint offering to customers in Japan’s two primary data center markets.”
Stonepeak has been an active investor in digital infrastructure, with multiple investments across the data center, fiber and wireless space. Stonepeak is the majority owner of Cologix, a leading carrier-neutral data center platform in North America, with 30 prime interconnection hubs and four hyperscale facilities, and euNetworks, delivering high bandwidth connectivity in Europe, with deep fiber networks in 17 cities and a long-haul network spanning 15 countries. Earlier this year, Stonepeak announced the acquisition of Xplornet Communications, the leading provider of broadband connectivity in rural Canada. Over the past three years, the firm has established a presence in Asia Pacific and has been active in infrastructure investments across multiple sectors.
SEEK ASIA APPOINTS PETER BITHOS AS CEO AS ASIA'S LABOUR MARKETS NAVIGATE COVID-19 IMPACT
Caption – SEEK Asia new CEO Peter Bithos: “Our purpose to improve lives through better careers has never been more urgent amidst the current social and economic environments.”
KUALA LUMPUR, Aug 25 (Bernama) -- SEEK Asia, which combines two leading brands JobStreet and jobsDB under one roof, today announced the appointment of Peter Bithos as Chief Executive Officer.
In his new role, Peter will be responsible for leading and driving business growth and operations of SEEK Asia, while building on the company’s success and presence over the past 23 years throughout Southeast Asia.
Peter’s 25-year career thus far includes various CEO and senior management positions throughout the region, encompassing both developed and developing markets and covering a spectrum of companies from start-ups to large enterprises.
Peter’s notable achievements include building and scaling up digital businesses from scratch, and helping spearhead one of the most successful telco transformations in the world over the past decade.
“Peter has a proven track record growing Tech, Media and Telco (TMT) businesses, leading digital business transformation programs and building strong company cultures in diverse markets across Asia Pacific and the United States,“ said Ian Narev, the SEEK Group Chief Operating Officer and Asia Pacific and Americas (AP&A) CEO.
“I am very excited about what he will bring to our business, while taking SEEK Asia to the next level of growth.”
Peter is taking over from Suresh Thiru, who has served as CEO since 2016, and has been with SEEK Asia (JobStreet) since 2000.
“All of us at SEEK, JobStreet and jobsDB thank Suresh for his leadership over two decades. He was a real pioneer of our business, and was instrumental in establishing it as a market leader in this region and a trusted brand for millions of job seekers and organisations,” said Ian.
Commenting on his appointment, Peter said: “I am deeply privileged to join one of the largest and best tech companies in the region. It’s truly exciting to be a part of fulfilling SEEK’s purpose in these times. The opportunity to work with SEEK’s teams and people across Asia to create step-change growth and an even better experience for our customers is unique and special.”
“I feel fortunate to be joining at this very moment because SEEK Asia’s purpose to improve lives through better careers has never been more urgent amidst the current social and economic environments brought about by the COVID-19 pandemic,” he added.
Over the past decade, Peter has been working across Asia and was most recently the CEO of premium digital streaming service HOOQ, a joint venture between Singtel, Sony and Warner Brothers.
He previously held senior roles at Singtel, including Chief Operating Officer of Globe Telecom in the Philippines.
Prior to this, he was CEO of Virgin Mobile Australia, and Director of Strategy and Corporate Development of Optus in Australia. He also has nearly a decade of strategy consulting experience, having served in a management capacity with Bain & Company.
SOURCE: SEEK ASIA
FOR MORE INFORMATION, PLEASE CONTACT:
Name: Firdaus Tarmizi
Communications Manager, SEEK Asia
Email: firdaus@seekasia.com
Name: Michael Ang
Consultant for JobStreet Malaysia
Email: mike.ang@alconsulting.asia
--BERNAMA
JF TECH POSTS ITS BEST ANNUAL REVENUE AND NET PROFIT IN THE GROUP'S HISTORY
Turnover and net profit hit RM27 million and RM8 million respectively for the first time
KOTA DAMANSARA, Aug 25 (Bernama) -- Leading innovator and manufacturer of high performance test contacting solutions for global integrated circuit (“IC”) makers, JF Technology Berhad (“JF Tech” or the “Group”) (“杰冯科技”), announced its fourth quarter (“4QFY20”) and full year (“FY20”) financial results today for the period ended 30 June 2020.
For the full year, JF Tech posted its best-ever turnover of RM26.8 million in FY20. This represented an increase of RM3.8 million or 16.5% year-on-year (“YoY”) from RM23.0 million in FY19. The improvement was mainly driven by the robust demand from its customers.
More remarkably, the Group’s record revenue performance also translated into a stellar profit after tax and non-controlling interest (“PATNCI” or “net profit”) of RM8.0 million in FY20, surging RM5.0 million or 165.8% YoY from RM3.0 million in FY19. The Group’s net profit broke the RM8 million-mark for the first time. The larger-than-proportionate growth stemmed from lower operating expenses, absence of legal fees incurred in the preceding year, as well as gain in foreign exchange due to the strengthening of US dollar (“USD”) against Ringgit Malaysia (“RM”).
For the quarter under review, it was also a milestone performance with the Group revenue registering a high of RM8.1 million, an increase of RM3.0 million or 60.0% YoY from RM5.1 million in the preceding year corresponding quarter (“4QFY19”). The jump was largely attributed to stronger demand from its customers overseas. GP margin leaped to 74.8% in 4QFY20 against 64.5% a year ago. In turn, the Group’s earnings before interest tax depreciation and amortization (“EBITDA”), has correspondingly, soared 1,107% YoY to RM3.3 million in 4QFY20 from a loss of RM0.3 million in the previous year corresponding quarter.
Tuesday, August 25, 2020
ADM completes secondary block trade of about US$550 million Wilmar ordinary shares
KUALA LUMPUR, Aug 24 -- ADM has completed its previously announced secondary block trade of approximately US$550 million in Wilmar ordinary shares. (US$1 = RM4.18)
Wilmar – Asia’s leading agribusiness and packaged food oils company – is a strategic partner and one of ADM’s largest customers.
ADM expects to use the net proceeds from the transaction for general corporate purposes, which may include, without limitation, meeting working capital requirements; funding capital expenditures and possible acquisitions of, or investments in, business and assets; and acquiring outstanding shares of ADM common stock.
Based on a statement, ADM will retain at least a 20 per cent equity investment in Wilmar.
According to ADM Chairman and Chief Executive Officer Juan Luciano, this transaction provides additional capital while retaining the strong relationship with Wilmar.
“We have no plans to sell additional Wilmar shares, and look forward to continuing our partnership for years to come.”
The Wilmar ordinary shares sold pursuant in the transaction have not been and will not be registered under the Securities Act of 1933, as amended, or the securities laws of any other jurisdiction and may not be offered or sold in the United States or to, or for the account or benefit of, US persons (as defined in Regulation S) absent registration or an applicable exemption from registration requirements.
-- BERNAMA
LESSONS LEARNT FROM COVID-19 EXPLORED DURING NATIONAL CONFERENCE
SETIA ALAM, Aug 25 (Bernama) -- The 13th National Conference for Clinical Research (NCCR), was officiated earlier today by the Minister of Health, YB Dato’ Sri Dr Adham Baba at National Institutes of Health (NIH), Setia Alam. The three-day conference themed “Conference Of Very Important Disease (COVID-19)”, showcased meaningful research advancements in the fight against the global COVID-19 pandemic.
Organised by the Institute for Clinical Research (ICR) and supported by Clinical Research Malaysia (CRM) and Collaborative Research in Engineering, Science and Technology Centre (CREST), the NCCR conference brought together medical experts and researchers under one platform, in exploring disruptive technologies, interdisciplinary digital health research and coordinated efforts to advance research in fighting against the COVID-19 pandemic that has affected Malaysia and the world. The conference was conducted on a virtual format this year, and was joined by 17 renowned speakers from Malaysia, Thailand, the Philippines, South Korea and United Kingdom.
Among the conference’s highlights was the CRC Named Lecture titled ‘Battling Against COVID-19’ which was delivered by Tan Sri Dato’ Seri Dr Noor Hisham Abdullah, Director General of Health. The 13th NCCR conference also received a total of 194 scientific abstracts from clinical, biomedical, public health, digital health, health systems research and behavioral research areas for both e-Poster as well as for the Dr Wu-Lien Teh Research Awards categories.
YB Dato' Sri Dr Adham Baba also presented the Young Investigator Awards (YIA), a category under the Dr Wu-Lien Teh Research Awards, to recipients during the opening ceremony. Dr Git Kim Ann, a radiologist and imaging informatics professional from Hospital Selayang, was awarded the YIA winner for optimizing an Artificial Intelligence (AI) model in the detection of COVID-19 on chest radiographs. The multi-center study involving five study sites and seven investigators, would further complement the ability to detect COVID-19. Dr Wong Xin Ci (ICR) and Dr Kuan Pei Xuan (ICR) were subsequently awarded the first and second runner-up for their work on COVID-19 research as well. Dr Wong’s study in determining the risk factors associated with the disease severity could further help in risk stratification for COVID-19 patients and Dr Kuan’s health systems research provides a modelling in testing the bed capacity preparedness of Malaysian hospitals to overcome surge capacity. MOH researchers Mr Mohamad Hasnan Ahmad (Institute for Public Health), Ms Wan Shakira Rodzlan Hasani (Institute for Public Health), Ms Jeyanthi Suppiah (Institute for Medical Research) and Ms Chiew Shoen Chuen (Hospital Seri Manjung) were all awarded the YIA Merit awards respectively.
The Ministry of Health’s (MOH) robust efforts in handling the pandemic were also shared by both the Deputy Director Generals of Health in Medical Development and in Public Health during the conference. The findings from multi-disciplinary research and sharing of experience from infectious disease experts during the conference highlights the importance of clinical research and the need for more of it in this field for better clinical decision-making in Malaysia’s public health response. The National Institutes of Health (NIH) of MOH, consisting of six research institutes in which ICR is one, have been integral for having conducted more than 40 research projects related to COVID-19 and in establishing a patient registry with clinical information of all the COVID-19 patients admitted to hospitals. The Institute for Medical Research (IMR), which have developed and led the COVID-19 diagnostics testing in the country, are conducting progressive biomedical research into the virus ranging from genome sequencing and molecular epidemiology to vaccine research and studying anti COVID-19 properties in certain compounds. Among recent breakthroughs was the detection of the highly infectious D614G mutated strain after full genome sequencing of samples from the Sivagangga cluster. The National Health and Morbidity Survey 2020 (NHMS 2020) led by Institute for Public Health have also incorporated the COVID-19 seroprevalence survey in the community study, aimed to obtain the status of COVID-19 infection within the community in different age groups. This collaborative project with IMR is noted to be the first of such study in Southeast Asia. In addition, NIH have also organized a series of webinar which shares clinical updates in COVID-19 periodically to the medical and scientific community nationwide.
“Amidst these challenging times, it is encouraging to see the wider application of online platform, machine learning, big data, artificial intelligence (AI), genomics, robotics and 3D printing for effective healthcare service delivery. Whilst we are seeing tremendous opportunities in these areas, we still require on-going research to monitor outcomes especially centric to the patient.” said YB Dato’ Sri Dr Adham Baba during his opening address.
For more info, please visit http://www.nccrconference.com.my
SOURCE: Clinical Research Malaysia (CRM)
FOR MORE INFORMATION, PLEASE CONTACT:
Name: Dr. Norizan Rosli
Tel: +6019-398 5712 / +603-3362 8803
Email: norizan@crc.gov.my
--BERNAMA
Organised by the Institute for Clinical Research (ICR) and supported by Clinical Research Malaysia (CRM) and Collaborative Research in Engineering, Science and Technology Centre (CREST), the NCCR conference brought together medical experts and researchers under one platform, in exploring disruptive technologies, interdisciplinary digital health research and coordinated efforts to advance research in fighting against the COVID-19 pandemic that has affected Malaysia and the world. The conference was conducted on a virtual format this year, and was joined by 17 renowned speakers from Malaysia, Thailand, the Philippines, South Korea and United Kingdom.
Among the conference’s highlights was the CRC Named Lecture titled ‘Battling Against COVID-19’ which was delivered by Tan Sri Dato’ Seri Dr Noor Hisham Abdullah, Director General of Health. The 13th NCCR conference also received a total of 194 scientific abstracts from clinical, biomedical, public health, digital health, health systems research and behavioral research areas for both e-Poster as well as for the Dr Wu-Lien Teh Research Awards categories.
YB Dato' Sri Dr Adham Baba also presented the Young Investigator Awards (YIA), a category under the Dr Wu-Lien Teh Research Awards, to recipients during the opening ceremony. Dr Git Kim Ann, a radiologist and imaging informatics professional from Hospital Selayang, was awarded the YIA winner for optimizing an Artificial Intelligence (AI) model in the detection of COVID-19 on chest radiographs. The multi-center study involving five study sites and seven investigators, would further complement the ability to detect COVID-19. Dr Wong Xin Ci (ICR) and Dr Kuan Pei Xuan (ICR) were subsequently awarded the first and second runner-up for their work on COVID-19 research as well. Dr Wong’s study in determining the risk factors associated with the disease severity could further help in risk stratification for COVID-19 patients and Dr Kuan’s health systems research provides a modelling in testing the bed capacity preparedness of Malaysian hospitals to overcome surge capacity. MOH researchers Mr Mohamad Hasnan Ahmad (Institute for Public Health), Ms Wan Shakira Rodzlan Hasani (Institute for Public Health), Ms Jeyanthi Suppiah (Institute for Medical Research) and Ms Chiew Shoen Chuen (Hospital Seri Manjung) were all awarded the YIA Merit awards respectively.
The Ministry of Health’s (MOH) robust efforts in handling the pandemic were also shared by both the Deputy Director Generals of Health in Medical Development and in Public Health during the conference. The findings from multi-disciplinary research and sharing of experience from infectious disease experts during the conference highlights the importance of clinical research and the need for more of it in this field for better clinical decision-making in Malaysia’s public health response. The National Institutes of Health (NIH) of MOH, consisting of six research institutes in which ICR is one, have been integral for having conducted more than 40 research projects related to COVID-19 and in establishing a patient registry with clinical information of all the COVID-19 patients admitted to hospitals. The Institute for Medical Research (IMR), which have developed and led the COVID-19 diagnostics testing in the country, are conducting progressive biomedical research into the virus ranging from genome sequencing and molecular epidemiology to vaccine research and studying anti COVID-19 properties in certain compounds. Among recent breakthroughs was the detection of the highly infectious D614G mutated strain after full genome sequencing of samples from the Sivagangga cluster. The National Health and Morbidity Survey 2020 (NHMS 2020) led by Institute for Public Health have also incorporated the COVID-19 seroprevalence survey in the community study, aimed to obtain the status of COVID-19 infection within the community in different age groups. This collaborative project with IMR is noted to be the first of such study in Southeast Asia. In addition, NIH have also organized a series of webinar which shares clinical updates in COVID-19 periodically to the medical and scientific community nationwide.
“Amidst these challenging times, it is encouraging to see the wider application of online platform, machine learning, big data, artificial intelligence (AI), genomics, robotics and 3D printing for effective healthcare service delivery. Whilst we are seeing tremendous opportunities in these areas, we still require on-going research to monitor outcomes especially centric to the patient.” said YB Dato’ Sri Dr Adham Baba during his opening address.
For more info, please visit http://www.nccrconference.com.my
SOURCE: Clinical Research Malaysia (CRM)
FOR MORE INFORMATION, PLEASE CONTACT:
Name: Dr. Norizan Rosli
Tel: +6019-398 5712 / +603-3362 8803
Email: norizan@crc.gov.my
--BERNAMA
Finterra Global Plantations Enters Into A Joint Venture With United Paulownia Plantation Sdn Bhd
KUALA LUMPUR, Malaysia, Aug 24 (Bernama) -- Finterra Global Plantations has announced its joint venture with United Paulownia Plantation Sdn Bhd (“UPP”), a subsidiary company of Green Afforestation International Network (Gain Green). The focus of the joint venture is on the sustainable afforestation sector and will see more than a 150,000 Paulownia trees being planted over the next 6 months in Kedah on a 500 acres land.
The announcement was made by Finterra Global Plantation’s CEO, Satesh Khemlani, according to whom, “ Gain Green after years of R&D, has come up with a Paulownia selected variety which has the ability to grow in tropical climates and be ready for harvest in a short period of just 40 months”. In doing so, “with the joint venture project with UPP, we will be able to meet the demands of the timber industry since the wood has been developed not only to grow fast, but to have characteristics and features that are highly desirable to the timber industry both locally and internationally”. In the first phase, Finterra Global Plantations together with UPP, will be planting the Paulownia tree on 500 acres and this will be scaled up to 5000 acres by 2022.
The Paulownia timber wood is a light, yet hardwood with numerous applications and is used for plywood, furniture, decking, doors, wood shavings and many other uses. It is able to absorb ten times more carbon dioxide while also producing ten times more oxygen as compared to other trees. In this way Finterra Global Plantation together with UPP will also contribute to reducing carbon footprint and do their part in helping the government’s initiative of planting one million tree in the next ten years. Finterra will be playing a strong part in accelerating afforestation of sites which lay barren or are deforested with the quick growing Paulownia species and will be supporting the UN Sustainable Development Goals for environment. Finterra is known for its role for developing Waqf. This project will bring Finterra’s Waqf asset development knowhow to large scale sustainable land development with impact investing.
This venture marks a new beginning for Finterra, which has its eyes set on sustainable yet profitable green ventures. CEO, Satesh Khemlani also mentioned that Finterra is evolving and looking at other sustainable development projects which benefit the environment and calls upon landowners who sit on large parcels of land to become partners with Finterra in exploring opportunities of embarking on environmentally sustainable projects on their land. This new area of business will be an addition to its current business which is providing a blockchain based technology solution for crowdfunding, transparency, and traceability. Finterra will be utilizing the blockchain to monitor the development of its plantations.
For further information, please visit www.finterraventures.com or contact our Marketing Team at support@finterra.org
SOURCE: Finterra Global Plantations
Strong message delivered at AJC-organised ASEAN 53rd Anniversary Symposium
KUALA LUMPUR, Aug 21-- The ASEAN-Japan Centre (AJC), together with the ASEAN Committee in Tokyo (ACT), which consists of the ASEAN Ambassadors to Japan, recently organised the ASEAN 53rd Anniversary Symposium.
The online event themed ‘Beyond Covid-19: Moving into the New Normal’, saw participation from both Japan and ASEAN Member States.
The Symposium was opened by Ambassador Extraordinary and Plenipotentiary of the Republic of the Union of Myanmar in Japan and ACT Chair, Myint Thu, who is calling for ASEAN and Japan to effectively address emerging challenges together and implement countermeasures against the impact of the global pandemic.
After the opening remarks, ASEAN Secretary-General, Datuk Lim Jock Hoi, delivered his keynote address and reassured that ASEAN’s determination to fight the pandemic remained strong through decisive, targeted, and measured actions.
In addition, during the panel discussion in the latter part of the symposium, Professor, Faculty of Economics, Keio University and Chief Economist, Economic Research Institute for ASEAN and East Asia, Dr Fukunari Kimura shared his view that Asia Pacific economies were currently experiencing both supply and demand shocks.
This will be followed by another huge demand shock with forcedly reshuffled production networks, according to a statement.
At the concluding remarks, AJC Secretary-General, Masataka Fujita echoed Ambassador Myint Thu’s sentiments that it was important for ASEAN and Japan to view this pandemic as a common issue and pursue innovative and resilient strategies together.
AJC, an intergovernmental organisation established by the ASEAN Member States and Japan in 1981, aims to promote trade, investment, tourism as well as people-to-people exchanges between the ASEAN Member States and Japan.
-- BERNAMA
DATAIKU RAISES $100 MILLION TO EXTEND LEADERSHIP IN ENTERPRISE AI MARKET
Stripes leads Series D as Tiger Global Management joins existing investors Battery Ventures, CapitalG, Dawn Capital, FirstMark Capital and ICONIQ
NEW YORK, Aug 24 (Bernama-BUSINESS WIRE) -- Today, Dataiku, a leading global Enterprise AI and machine learning platform, announced a $100 million Series D investment round led by Stripes, with major investment by Tiger Global Management and participation from existing investors Battery Ventures, CapitalG, Dawn Capital, FirstMark Capital and ICONIQ. The funding comes as Dataiku continues to drive AI within the enterprise, serving over 300 customers who understand that a collaborative and end-to-end AI strategy is critical to their success.
“Our leadership in enterprise AI continues to attract world-class investors who understand that Dataiku’s solution and customer base are truly global and that we’re uniquely positioned to help businesses realize the untapped potential for AI to transform the enterprise,” said Florian Douetteau, co-founder and CEO of Dataiku. “In a global business market rocked by the changes 2020 has brought, AI has proven to be a critical element of organizational success driving business growth in every major vertical market.”
Dataiku was founded in 2013 with the mission to take machine learning and AI projects out of experimental labs and put them into everyday operations that are truly woven into the fabric of a company. Dataiku serves hundreds of customers worldwide, including Schlumberger, GE Aviation, Sephora, Unilever, BNP Paribas, Premera Blue Cross, Kuka, and Santander. Its team has grown to more than 450 people worldwide in New York, Paris, London, Frankfürt, Dubai, Amsterdam, Sydney, and Singapore.
“The progression of AI in the enterprise has moved rapidly from experimentation to real-life implementations at scale in 2020, and Dataiku is at the forefront of that shift with the most comprehensive, secure and enterprise ready product we have seen in our extensive research into this market,” said Ron Shah, Partner at Stripes. “What we’ve seen in Dataiku is not only a commitment to developing future-proof technology for customers ranging across nearly every major industry and geography, but perhaps more importantly, a team of dedicated professionals and global organization working to ensure trust, safety and resilience through machine learning. We’re excited to be a part of their continued success through this investment,” added Paul Melchiorre, Operating Partner at Stripes.
“The market has continued to validate Dataiku's collaborative approach as the best way to reap the benefits of AI throughout any organization,” said Evgenia Plotnikova, Partner at Dawn Capital. “And agility through AI has never been a more important capability in the enterprise.”
About Dataiku
Dataiku is one of the world’s leading AI and machine learning platforms, supporting agility in organizations’ data efforts via collaborative, elastic, and responsible AI, all at enterprise scale. Hundreds of companies use Dataiku to underpin their essential business operations and ensure they stay relevant in a changing world, including models driving fraud detection, customer churn prevention, predictive maintenance, supply chain optimization, and much more. Dataiku is built for companies looking to democratize AI across their organization, bringing agility and preparedness to the business through the use of data by everyone from analysts to data scientists.
About Stripes
Stripes is a leading growth equity firm that brings a unique, entrepreneurial approach to investing in high-growth Software and Consumer businesses around the world. For over a decade, Stripes has partnered with market-defining companies to provide them with the support they need to accelerate growth and achieve their long-term vision. Stripes' mission is to have a culture, set of resources and expertise that provide entrepreneurs with an unparalleled advantage in markets that are evolving rapidly due to changes in technology and consumer behavior. For more information on Stripes, please visit https://www.stripes.co/.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20200823005026/en/
Contact
Laurel Toney
dataiku@strangebrewstrategies.com
Source : Dataiku
--BERNAMA
NEW YORK, Aug 24 (Bernama-BUSINESS WIRE) -- Today, Dataiku, a leading global Enterprise AI and machine learning platform, announced a $100 million Series D investment round led by Stripes, with major investment by Tiger Global Management and participation from existing investors Battery Ventures, CapitalG, Dawn Capital, FirstMark Capital and ICONIQ. The funding comes as Dataiku continues to drive AI within the enterprise, serving over 300 customers who understand that a collaborative and end-to-end AI strategy is critical to their success.
“Our leadership in enterprise AI continues to attract world-class investors who understand that Dataiku’s solution and customer base are truly global and that we’re uniquely positioned to help businesses realize the untapped potential for AI to transform the enterprise,” said Florian Douetteau, co-founder and CEO of Dataiku. “In a global business market rocked by the changes 2020 has brought, AI has proven to be a critical element of organizational success driving business growth in every major vertical market.”
Dataiku was founded in 2013 with the mission to take machine learning and AI projects out of experimental labs and put them into everyday operations that are truly woven into the fabric of a company. Dataiku serves hundreds of customers worldwide, including Schlumberger, GE Aviation, Sephora, Unilever, BNP Paribas, Premera Blue Cross, Kuka, and Santander. Its team has grown to more than 450 people worldwide in New York, Paris, London, Frankfürt, Dubai, Amsterdam, Sydney, and Singapore.
“The progression of AI in the enterprise has moved rapidly from experimentation to real-life implementations at scale in 2020, and Dataiku is at the forefront of that shift with the most comprehensive, secure and enterprise ready product we have seen in our extensive research into this market,” said Ron Shah, Partner at Stripes. “What we’ve seen in Dataiku is not only a commitment to developing future-proof technology for customers ranging across nearly every major industry and geography, but perhaps more importantly, a team of dedicated professionals and global organization working to ensure trust, safety and resilience through machine learning. We’re excited to be a part of their continued success through this investment,” added Paul Melchiorre, Operating Partner at Stripes.
“The market has continued to validate Dataiku's collaborative approach as the best way to reap the benefits of AI throughout any organization,” said Evgenia Plotnikova, Partner at Dawn Capital. “And agility through AI has never been a more important capability in the enterprise.”
About Dataiku
Dataiku is one of the world’s leading AI and machine learning platforms, supporting agility in organizations’ data efforts via collaborative, elastic, and responsible AI, all at enterprise scale. Hundreds of companies use Dataiku to underpin their essential business operations and ensure they stay relevant in a changing world, including models driving fraud detection, customer churn prevention, predictive maintenance, supply chain optimization, and much more. Dataiku is built for companies looking to democratize AI across their organization, bringing agility and preparedness to the business through the use of data by everyone from analysts to data scientists.
About Stripes
Stripes is a leading growth equity firm that brings a unique, entrepreneurial approach to investing in high-growth Software and Consumer businesses around the world. For over a decade, Stripes has partnered with market-defining companies to provide them with the support they need to accelerate growth and achieve their long-term vision. Stripes' mission is to have a culture, set of resources and expertise that provide entrepreneurs with an unparalleled advantage in markets that are evolving rapidly due to changes in technology and consumer behavior. For more information on Stripes, please visit https://www.stripes.co/.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20200823005026/en/
Contact
Laurel Toney
dataiku@strangebrewstrategies.com
Source : Dataiku
--BERNAMA
SweeGen, CCFT Group forge joint venture to distribute stevia sweeteners in China
KUALA LUMPUR, Aug 25 -- SweeGen has announced its joint venture with the China Commercial Foreign Trade Group (CCFT) as the strategic partner to distribute Bestevia® next generation non-GMO zero-calorie stevia sweeteners via its extensive distribution channels in China.
According to a statement, CCFT’s affiliate company China Commerce Sugar Industry Co is one of the largest sugar distributors and trading partners internationally.
The joint venture will transform the sugar market by providing food and beverage manufacturers in China with the highly sought-after sugar reduction solutions from SweeGen.
The strategic partnership comes at a time when SweeGen is expanding its regional applications capabilities worldwide to support and collaborate closely with its customers to enable unique local solutions.
Stevia distributorship in China is in line with SweeGen’s mission to help reduce sugar and artificial sweeteners in the global diet.
SweeGen’s Bestevia® Taste Solutions proprietary taste and sweetener platform offers solutions for food and beverage applications across the spectrum, including beverages, dairy, confectionery, bakery and sauces.
Bestevia Taste Solutions deliver the industry’s most cost-effective and best tasting complete sugar reduction options.
China consumes approximately 15 million tonnes of sugar annually. Growing health problems linked to obesity and diabetes are a concern to government health officials.
-- BERNAMA
According to a statement, CCFT’s affiliate company China Commerce Sugar Industry Co is one of the largest sugar distributors and trading partners internationally.
The joint venture will transform the sugar market by providing food and beverage manufacturers in China with the highly sought-after sugar reduction solutions from SweeGen.
The strategic partnership comes at a time when SweeGen is expanding its regional applications capabilities worldwide to support and collaborate closely with its customers to enable unique local solutions.
Stevia distributorship in China is in line with SweeGen’s mission to help reduce sugar and artificial sweeteners in the global diet.
SweeGen’s Bestevia® Taste Solutions proprietary taste and sweetener platform offers solutions for food and beverage applications across the spectrum, including beverages, dairy, confectionery, bakery and sauces.
Bestevia Taste Solutions deliver the industry’s most cost-effective and best tasting complete sugar reduction options.
China consumes approximately 15 million tonnes of sugar annually. Growing health problems linked to obesity and diabetes are a concern to government health officials.
-- BERNAMA
Monday, August 24, 2020
Pontus Cornelius appointed the president and CEO of Bona, effective Jan 2021
KUALA LUMPUR, Aug 24 -- Bona, products supplier for installing, renovating, maintaining and restoring premium floors, has appointed Pontus Cornelius as president and chief executive officer (CEO), effective Jan 11, 2021.
Kerstin Lindell, the current president and CEO, will shift her role to Chairman of the Board at Bona.
“Pontus is an exceptionally talented leader and will bring strong strategic insight to the company. The board and I welcome him to the team,” said Lindell.
“It has been an honour to serve as president and CEO at Bona for the past 14 years. I look forward to staying connected in my future role as Chairman of the Board.”
Meanwhile, Cornelius commented: “I look forward to working closely with the talented team at Bona and continuing the positive momentum of leading and innovating in the industry for a sustainable future.”
Cornelius will work closely with Lindell to ensure a smooth transition, according to a statement.
Most recently, Cornelius served as president and CEO of Ernströmgruppen AB, a Swedish, privately-owned industrial conglomerate focusing on developing B2B companies in various niche industries.
Prior to his tenure with Ernströmgruppen, Cornelius worked in leading positions with small and large companies, affording him a broad understanding of best practices for business growth.
More details at www.bona.com.
-- BERNAMA
Kerstin Lindell, the current president and CEO, will shift her role to Chairman of the Board at Bona.
“Pontus is an exceptionally talented leader and will bring strong strategic insight to the company. The board and I welcome him to the team,” said Lindell.
“It has been an honour to serve as president and CEO at Bona for the past 14 years. I look forward to staying connected in my future role as Chairman of the Board.”
Meanwhile, Cornelius commented: “I look forward to working closely with the talented team at Bona and continuing the positive momentum of leading and innovating in the industry for a sustainable future.”
Cornelius will work closely with Lindell to ensure a smooth transition, according to a statement.
Most recently, Cornelius served as president and CEO of Ernströmgruppen AB, a Swedish, privately-owned industrial conglomerate focusing on developing B2B companies in various niche industries.
Prior to his tenure with Ernströmgruppen, Cornelius worked in leading positions with small and large companies, affording him a broad understanding of best practices for business growth.
More details at www.bona.com.
-- BERNAMA
COVID-19 fuels healthier lifestyle, appetite for new insurance products - Survey
KUALA LUMPUR, Aug 24 -- A new Manulife Asia Care survey found COVID-19 concerns have prompted many life insurance policyholders in Malaysia to adopt new habits around a healthier lifestyle and rely increasingly on e-commerce, online and digital technology.
The survey involving 300 insurance customers found that 41 per cent or less than half of the respondents perceived the pandemic to be getting more serious in the next six months.
In a statement, Manulife said greater use of technology during the pandemic was evident and more pronounced among the Malaysian respondents compared with those surveyed across the region.
“Forty-nine per cent of the respondents found ways to be more physically healthy than before COVID-19 and 32 per cent started tracking their mental health. In the next 18 months, 37 per cent will continue to find ways to maintain their physical health and 21 per cent will track their mental health status.”
According to Manulife, 52 per cent of the respondents said the pandemic had caused them to review and manage personal finance more often than pre COVID-19; there was also a growing appetite among them for insurance.
Manulife Insurance Berhad chief executive officer, Lee Sang Hui said the importance of being financially protected heightens among the people during times of crises such as the COVID-19 pandemic.
"During such uncertainties, insurance coverage is an important financial product to have, thus the life insurance sector is expected to remain resilient in such challenging environment,” he said.
He said life insurance penetration rate in Malaysia was less than five per cent, far below the rates in markets such as Hong Kong and Singapore, making Malaysia among the region’s under-insured markets.
Thus, Lee said it was interesting that in Malaysia, 63 per cent of the insurance customers surveyed said they planned to buy new additional insurance in the next 18 months, with Hospitalisation (26 per cent), accident (24 per cent), life (23 per cent), health (21 per cent) and critical illness (21 per cent) being the main new products considered.
Manulife opined COVID-19 has accelerated trends already in place, notably digitisation in lifestyle whereby the acceptance and adoption of such trends provide another reason to believe that the changing habits would, in part at least, be permanent.
“In Malaysia, digitalisation and use of smartphones was already enabling greater numbers of Malaysians to get access to financial services and other online tools. COVID-19 has helped to reinforce the value of digital tools and services,” it said.
The survey showed greater willingness to switch from offline to shopping online (65 per cent), use online services such as for payment, shopping and food delivery (76 per cent) and, in particular, use online tools for news and socialising (66 per cent and 58 per cent respectively).
-- BERNAMA
The survey involving 300 insurance customers found that 41 per cent or less than half of the respondents perceived the pandemic to be getting more serious in the next six months.
In a statement, Manulife said greater use of technology during the pandemic was evident and more pronounced among the Malaysian respondents compared with those surveyed across the region.
“Forty-nine per cent of the respondents found ways to be more physically healthy than before COVID-19 and 32 per cent started tracking their mental health. In the next 18 months, 37 per cent will continue to find ways to maintain their physical health and 21 per cent will track their mental health status.”
According to Manulife, 52 per cent of the respondents said the pandemic had caused them to review and manage personal finance more often than pre COVID-19; there was also a growing appetite among them for insurance.
Manulife Insurance Berhad chief executive officer, Lee Sang Hui said the importance of being financially protected heightens among the people during times of crises such as the COVID-19 pandemic.
"During such uncertainties, insurance coverage is an important financial product to have, thus the life insurance sector is expected to remain resilient in such challenging environment,” he said.
He said life insurance penetration rate in Malaysia was less than five per cent, far below the rates in markets such as Hong Kong and Singapore, making Malaysia among the region’s under-insured markets.
Thus, Lee said it was interesting that in Malaysia, 63 per cent of the insurance customers surveyed said they planned to buy new additional insurance in the next 18 months, with Hospitalisation (26 per cent), accident (24 per cent), life (23 per cent), health (21 per cent) and critical illness (21 per cent) being the main new products considered.
Manulife opined COVID-19 has accelerated trends already in place, notably digitisation in lifestyle whereby the acceptance and adoption of such trends provide another reason to believe that the changing habits would, in part at least, be permanent.
“In Malaysia, digitalisation and use of smartphones was already enabling greater numbers of Malaysians to get access to financial services and other online tools. COVID-19 has helped to reinforce the value of digital tools and services,” it said.
The survey showed greater willingness to switch from offline to shopping online (65 per cent), use online services such as for payment, shopping and food delivery (76 per cent) and, in particular, use online tools for news and socialising (66 per cent and 58 per cent respectively).
-- BERNAMA
Conagen's Novel Non-GMO Human Milk Oligosaccharide Paves The Way For Advancing Nutrition In Next Generation Infant Formulas
Bedford, Mass., Aug 21 (Bernama-GLOBE NEWSWIRE) -- Conagen, a rapidly-growing Boston-based biotechnology firm, has established a novel and proprietary process for the scalable production of a non-GMO human milk oligosaccharide (HMO), an important nutritional compound only found in human milk. This micronutrition breakthrough will enable the creation of high-quality and cost-effective next generation infant formula products that most closely resemble human breast milk.
Human milk oligosaccharides are complex sugars that are naturally found in human milk. They are the third largest solid component in human milk after fat and lactose, and convey a variety of benefits. HMOs are responsible for directly stimulating the immune system by promoting good gut bacteria, strengthening the gut barrier function and blocking pathogens.
The most abundant HMO in human milk is 2’-fucosyllactose (2’FL.) Cow’s milk contains very little of this important compound, and for this reason the best infant formulas must be fortified with it in order to deliver the immune system benefits. Purifying this compound from either cow or human milk is obviously unsustainable, which is why Conagen researchers harnessed the technology of bioconversion for a sustainable non-GMO production process.
Unlike Conagen’s process, nearly all other HMOs on the market are produced by genetically engineered organisms. Conagen’s HMO product therefore offers source-sensitive consumers a pure, sustainable alternative ingredient for infant nutrition products.
“We leveraged our industry-leading technology for production of non-GMO certified natural sweeteners to instead make HMOs with simple enzymes rather than recombinant organisms. In this regard, our process resembles the way cheese is made,” said VP of Innovation, Dr. Casey Lippmeier.
Friday, August 21, 2020
Hillstone Networks Announces An Application Delivery Solution For Guaranteed Business Continuity And Customer Experience
SANTA CLARA, Calif., Aug 19 (Bernama-BUSINESS WIRE) -- Hillstone Networks, a leading provider of Enterprise Network Security and Risk Management solutions, announces the global release of the Hillstone Application Delivery Controller (ADC), a high-performance solution designed to deliver the most optimal application experience to the user.
Hillstone ADC delivers application high availability and improves the overall user access, productivity and experience. It delivers non-disruptive IPv6 migration and HTTPS transformation, with extreme SSL processing performance through a dedicated hardware acceleration technology. It features end-to-end secure application delivery through its on-board security technologies and in conjunction with other Hillstone security products.
Key Features and Benefits
• Flexible Load Balancing Options: Layer 4 to 7 server load balancing (SLB), link load balancing (LLB) and global server load balancing (GSLB) to assure business availability and continuity.
• Website and Application Acceleration: Reduces data transfers, load times, server connections and server read/write to improve overall response speeds and thus, user experience.
• Hardware-based SSL Processing: Hardware-based SSL offloading reduces servers’ compute workload for better performance, allows full inspection of traffic for improved security and provides HTTPS transformation with only minimal changes needed.
• Full-Featured, Low-Impact IPv6 Migration: Supports IPv6 with almost no network or server changes required, minimizing the complexity of the transition to IPv6.
• Highly Secure Application Delivery: Works with Hillstone’s NGFWs and other security technologies for an end-to-end security from access to data centers.
“Hillstone is introducing a paradigm shift in the application delivery market with the launch of AX series ADC products,” said Tim Liu, CTO and Co-Founder of Hillstone Networks. “Today’s workloads and users require a solution that complements existing environments and that addresses the high availability, accessibility and security needs of modern application delivery.”
http://mrem.bernama.com/viewsm.php?idm=37945
Thursday, August 20, 2020
Galvanize named a Leader in Gartner Magic Quadrant for IT Risk Management
KUALA LUMPUR, Aug 19 -- Galvanize, the global leader in SaaS governance, risk, and compliance (GRC) software, has been positioned by Gartner as a Leader in the 2020 Gartner Magic Quadrant for IT Risk Management.
“Galvanize is proud to be recognised by Gartner as a Leader in IT Risk Management for the second year running, which we believe validates the value we continue to deliver for customers,” said Dan Zitting, chief product and strategy officer, Galvanize.
“Our HighBond platform is flexible and nimble enough to anticipate risk and respond in real time, while comprehensive enough to serve both growing organisations and larger enterprises.”
Galvanize’s HighBond platform offers end-to-end GRC solutions across IT security, risk management, compliance, and assurance. It streamlines collaboration across organisations, automates repetitive tasks and delivers best practices.
It provides leadership with visibility into the organisation’s risk posture while reducing the cost and effort required to demonstrate compliance.
HighBond combines easy deployment, fast adoption, unique robotic process automation and advanced data analytics capabilities for a scalable baseline solution, according to a statement.
The Gartner Magic Quadrant for IT Risk Management is an annual evaluation of the competitive landscape for the IT risk management technology market.
-- BERNAMA
“Galvanize is proud to be recognised by Gartner as a Leader in IT Risk Management for the second year running, which we believe validates the value we continue to deliver for customers,” said Dan Zitting, chief product and strategy officer, Galvanize.
“Our HighBond platform is flexible and nimble enough to anticipate risk and respond in real time, while comprehensive enough to serve both growing organisations and larger enterprises.”
Galvanize’s HighBond platform offers end-to-end GRC solutions across IT security, risk management, compliance, and assurance. It streamlines collaboration across organisations, automates repetitive tasks and delivers best practices.
It provides leadership with visibility into the organisation’s risk posture while reducing the cost and effort required to demonstrate compliance.
HighBond combines easy deployment, fast adoption, unique robotic process automation and advanced data analytics capabilities for a scalable baseline solution, according to a statement.
The Gartner Magic Quadrant for IT Risk Management is an annual evaluation of the competitive landscape for the IT risk management technology market.
-- BERNAMA
Wednesday, August 19, 2020
Streamed video content dominates media and entertainment consumption in Asia-Pacific
KUALA LUMPUR, Aug 19 -- The ‘Brightcove Q2 2020 Global Video Index Entertainment and Media Edition’ has found that OTT streaming of entertainment content continued to dominate, even as governments began loosening stay-at-home restrictions.
Published by the world’s leading video technology platform, Brightcove Inc, the data suggests that consumers’ media consumption habits may be permanently shifting away from linear TV, cementing streaming as the go-to choice for entertainment viewing.
Brightcove’s Q2 2020 Global Video Index analyses hundreds of billions of recent data points from Brightcove’s customers globally to provide insights into how viewers are watching video content.
The Q2 data shows that consumption of news and entertainment content nearly doubled (40 per cent) from Q1 (23 per cent) – a significant finding, considering Q2 typically sees slower growth in video viewing compared to Q1.
Looking at the first half of 2020 compared to 2019, the number of views overall is up more than 30 per cent, according to a statement.
In addition, where consumers choose to view their content is also shifting. Connected TVs saw the most growth in Q2 (160 per cent year-over-year), indicating a resurgence in larger screens as the viewing medium of choice for entertainment.
Other notable findings that are specific to the Asia-Pacific region include: smartphones are the primary screen for video; Android-based smartphones continue to dominate the market; and consumers increasingly watch ultra-long-form content on mobile devices.
The Brightcove Q2 2020 Global Video Index Entertainment and Media Edition is available at https://www.brightcove.com/en/video-index.
-- BERNAMA
Published by the world’s leading video technology platform, Brightcove Inc, the data suggests that consumers’ media consumption habits may be permanently shifting away from linear TV, cementing streaming as the go-to choice for entertainment viewing.
Brightcove’s Q2 2020 Global Video Index analyses hundreds of billions of recent data points from Brightcove’s customers globally to provide insights into how viewers are watching video content.
The Q2 data shows that consumption of news and entertainment content nearly doubled (40 per cent) from Q1 (23 per cent) – a significant finding, considering Q2 typically sees slower growth in video viewing compared to Q1.
Looking at the first half of 2020 compared to 2019, the number of views overall is up more than 30 per cent, according to a statement.
In addition, where consumers choose to view their content is also shifting. Connected TVs saw the most growth in Q2 (160 per cent year-over-year), indicating a resurgence in larger screens as the viewing medium of choice for entertainment.
Other notable findings that are specific to the Asia-Pacific region include: smartphones are the primary screen for video; Android-based smartphones continue to dominate the market; and consumers increasingly watch ultra-long-form content on mobile devices.
The Brightcove Q2 2020 Global Video Index Entertainment and Media Edition is available at https://www.brightcove.com/en/video-index.
-- BERNAMA
Asia Pacific sourcing slumps in Q2 on pandemic concerns -- ISG
KUALA LUMPUR, Aug 19 -- Asia Pacific, the world’s smallest outsourcing region by contact value, saw the industry’s largest decline in the second quarter, as managed services slumped in response to the COVID-19 pandemic.
This is according to the latest state-of-the-industry report from a leading global technology research and advisory firm, Information Services Group (ISG).
The ISG Index™, which measures commercial outsourcing contracts with annual contract value of US$5 million or more, found the region’s combined market – both managed services and cloud-based as-a-service – fell 24 per cent versus the prior year, to US$1.9 billion, on pandemic concerns as well as a difficult comparison with a record-high second quarter last year. (US$1 = RM4.178)
According to a statement, the market was down across the board, as managed services plummeted 47 per cent, to US$529 million, with a 42 per cent drop in IT outsourcing, to US$477 million, and 71 per cent tumble in business process outsourcing, to US$52 million.
The decline in as-a-service was less severe, down nine per cent versus last year, to US$1.4 billion. Within this segment, infrastructure-as-a-service was down seven per cent, to US$1.2 billion, while software-as-a-service dropped 23 per cent, to US$165 million.
ISG forecasts slight sequential growth for the combined global market in the third and fourth quarters of 2020. For the full year, it is projecting the managed services market will be down 7.5 per cent, slightly more than the seven per cent decline it forecasted for the first quarter of 2020.
More details at www.isg-one.com.
-- BERNAMA
This is according to the latest state-of-the-industry report from a leading global technology research and advisory firm, Information Services Group (ISG).
The ISG Index™, which measures commercial outsourcing contracts with annual contract value of US$5 million or more, found the region’s combined market – both managed services and cloud-based as-a-service – fell 24 per cent versus the prior year, to US$1.9 billion, on pandemic concerns as well as a difficult comparison with a record-high second quarter last year. (US$1 = RM4.178)
According to a statement, the market was down across the board, as managed services plummeted 47 per cent, to US$529 million, with a 42 per cent drop in IT outsourcing, to US$477 million, and 71 per cent tumble in business process outsourcing, to US$52 million.
The decline in as-a-service was less severe, down nine per cent versus last year, to US$1.4 billion. Within this segment, infrastructure-as-a-service was down seven per cent, to US$1.2 billion, while software-as-a-service dropped 23 per cent, to US$165 million.
ISG forecasts slight sequential growth for the combined global market in the third and fourth quarters of 2020. For the full year, it is projecting the managed services market will be down 7.5 per cent, slightly more than the seven per cent decline it forecasted for the first quarter of 2020.
More details at www.isg-one.com.
-- BERNAMA
Tuesday, August 18, 2020
The Health Bank-Nanotronics Health, LLC, partnership to distribute non-invasive ventilator
KUALA LUMPUR, Aug 18 -- The Health Bank (THB) Global has announced the company’s partnering with Nanotronics Health, LLC, to distribute nHale™, a non-invasive ventilator, in the Middle East, North Africa and South Asia region for respiratory support during the COVID-19 pandemic.
According to a statement, to support non-invasive respiratory therapy in the region, THB will also train medical professionals to operate the device.
“In pursuit of finding a solution for managing COVID-19 symptoms through non-invasive methods, we have partnered with Nanotronics Health, LLC, for the sale and distribution of the nHale™,” said THB Global Head of Strategy, Zarmina Jafar.
“This partnership makes nHale™ accessible in the Middle East, North Africa, and South Asia region, benefiting patients and healthcare providers with an affordable, high-quality solution.”
Nanotronics Health, LLC, developed and designed nHale™ to assist spontaneously breathing adults suffering from COVID-19 disease.
It is intended for use in non-life-threatening situations, such as a patient in need of breathing assistance but not in need of invasive ventilatory support based on standard medical protocols.
THB is a tech-enabled global health management company offering individuals, families, and corporations a variety of virtual hospital services to support and manage their health and wellness.
-- BERNAMA
According to a statement, to support non-invasive respiratory therapy in the region, THB will also train medical professionals to operate the device.
“In pursuit of finding a solution for managing COVID-19 symptoms through non-invasive methods, we have partnered with Nanotronics Health, LLC, for the sale and distribution of the nHale™,” said THB Global Head of Strategy, Zarmina Jafar.
“This partnership makes nHale™ accessible in the Middle East, North Africa, and South Asia region, benefiting patients and healthcare providers with an affordable, high-quality solution.”
Nanotronics Health, LLC, developed and designed nHale™ to assist spontaneously breathing adults suffering from COVID-19 disease.
It is intended for use in non-life-threatening situations, such as a patient in need of breathing assistance but not in need of invasive ventilatory support based on standard medical protocols.
THB is a tech-enabled global health management company offering individuals, families, and corporations a variety of virtual hospital services to support and manage their health and wellness.
-- BERNAMA
Toshiba’s new photorelays contribute to low power consumption in battery-powered equipment
KUALA LUMPUR, Aug 17 -- Toshiba Electronic Devices & Storage Corporation (Toshiba) has launched two new photorelays ‘TLP170AM’ and ‘TLP170GM’ in a small 4-pin SO6 package, for security systems, building automation and other industrial equipment.
The new products feature a maximum trigger LED current of 1mA, which reduces input side power loss by increasing the sensitivity of the photodiode array.
According to a statement, using these photorelays for ON/OFF control in battery-powered security devices and various sensors contributes to lower power consumption and longer operation of devices.
TLP170AM has a rated OFF-state output terminal voltage of 60V and a constant ON-state current (ION) of 0.7A, with pulse operation of up to 2.1A, while TLP170GM is a 350V version with an ION of 110mA constant current and 330mA pulse operation.
The 4-pin SO6 package enables a minimum isolation voltage of 3750Vrms, allowing the devices to be used in equipment requiring high insulation performance.
More details at https://toshiba.semicon-storage.com/ap-en/top.html.
-- BERNAMA
China’s Chongqing Liangjiang New Area heading towards open, smart region
KUALA LUMPUR, Aug 17 -- China’s Chongqing Liangjiang New Area is picking up pace in its drive toward an open and smart region, with an innovative online promotion live show launched recently.
The live show was held on over 10 media platforms and displayed a wide range of tourism products and creative cultural products from Liangjiang, attracting over 20 million views, according to a statement from Chongqing Liangjiang New Area Administrative Committee.
The live show is a government-led large-scale cultural tourism promotion activity that has drawn wide public participation.
Located at the junction of the Yangtze River and the Jialing River, Chongqing is a popular travel destination for home and abroad tourists, thanks to its three-dimensional urban landscape and unique cultural features.
Liangjiang New Area strives to build a smart city to help improve Chongqing's smart development, explore new paths of high-level opening-up, create a new engine of high-quality development, and bring fresh experiences of high-quality life to its citizens.
It has been pushing forward the integrated development of intelligent industry and traditional industry, facilitating the industry transformation and upgrading and building a sound modern industrial cluster.
Liangjiang New Area is not only spearheading Chongqing's economic development, but also setting up an important strategic platform for Chongqing to take the lead in opening up and driving the opening-up in western China.
-- BERNAMA
Monday, August 17, 2020
AllRightsReserved, renowned American artist present ≺KAWS:HOLIDAY SPACE≻
KUALA LUMPUR, Aug 17 -- AllRightsReserved (ARR), a Hong Kong-based creative studio, has presented ≺KAWS:HOLIDAY SPACE≻ , in collaboration with world-renowned American contemporary artist, KAWS.
For ≺KAWS:HOLIDAY SPACE≻, COMPANION dons an astronaut suit and takes a sounding balloon 41.5 kilometres (136,296 feet) up into the Stratosphere.
After reaching super-high speeds, COMPANION's adventure culminates in a two-hour, zero-gravity walk in uninhabited space before returning to Earth.
The entire exploration process took about eight hours from preparation for lift-off, departure to landing.
It was recorded with a 360-degree panoramic video camera, capturing COMPANION's historical moment and marking his 20th year in existence.
“Because this year marks 20 years since I created COMPANION, I tried to find a way around all the restrictions and do something special. I felt so confined the past few months that creating a project like this has really given me a chance to escape,” said KAWS in a statement.
ARR began its long-term partnership with KAWS since KAWS:PASSING THROUGH in 2010, and continued to KAWS:HOLIDAY-the giant inflatable sculpture COMPANION, exhibited in various relaxed poses in different locations including Korea, Taipei and Hong Kong.
-- BERNAMA
For ≺KAWS:HOLIDAY SPACE≻, COMPANION dons an astronaut suit and takes a sounding balloon 41.5 kilometres (136,296 feet) up into the Stratosphere.
After reaching super-high speeds, COMPANION's adventure culminates in a two-hour, zero-gravity walk in uninhabited space before returning to Earth.
The entire exploration process took about eight hours from preparation for lift-off, departure to landing.
It was recorded with a 360-degree panoramic video camera, capturing COMPANION's historical moment and marking his 20th year in existence.
“Because this year marks 20 years since I created COMPANION, I tried to find a way around all the restrictions and do something special. I felt so confined the past few months that creating a project like this has really given me a chance to escape,” said KAWS in a statement.
ARR began its long-term partnership with KAWS since KAWS:PASSING THROUGH in 2010, and continued to KAWS:HOLIDAY-the giant inflatable sculpture COMPANION, exhibited in various relaxed poses in different locations including Korea, Taipei and Hong Kong.
-- BERNAMA
Saturday, August 15, 2020
The AMA And SNOMED International Launch Joint Demonstration Project To Enable Better Outcomes And Enhanced Resource Utilization
CHICAGO, Aug 13 (Bernama-GLOBE NEWSWIRE) -- The American Medical Association (AMA) and SNOMED International announced a concrete demonstration of how Current Procedural Terminology (CPT®) and SNOMED CT work together to enable better outcomes and enhanced resource utilization throughout the health ecosystem.
The AMA-SNOMED International demonstration project underscores the power of the two terminologies together – providing a clear path from clinical documentation to resource utilization insights. The demonstration tool will highlight how health care administrators can leverage both code sets to align resources to population needs in complex clinical areas such as breast cancer diagnosis and treatment.
Both serving a specific purpose, the AMA’s CPT codes are vital to health care administration and classification in the United States, while SNOMED CT serves as the global standard for clinical terminology. At a broad level, the AMA-SNOMED International collaboration aims to improve integration between the CPT and SNOMED CT terminologies, by producing tools for physician practices, hospitals, payers, and other stakeholders to better organize healthcare data.
The goal of this joint initiative is to provide opportunities for health care stakeholders to explore additional scenarios, capture new insights, and evaluate how the combined terminologies can be used to strengthen care in their health care systems. To this end, the AMA and SNOMED International have engaged in this joint initiative to explore creating a demonstration space, or sandbox, where clinical analytics scenarios can be demonstrated and, in the future, run securely.
“The AMA is focused on improving access to data for solutions to the challenges of an aging population that is growing, a rise in chronic conditions and co-morbidities, and an increasingly burdened healthcare workforce,” said AMA Executive Vice President and CEO James Madara, M.D. “The AMA’s collaboration with SNOMED International supports the shift to digitization and will help the health care industry optimize resources and increase efficiencies as it works towards achieving better patient outcomes, improved access and lower costs.”
“The American Medical Association is a valued partner and I am pleased that we have continued to evolve our relationship since our first collaboration was signed in 2016” offered SNOMED CT CEO, Don Sweete. “Our next chapter will focus on demonstrating the clinical analytics benefit from using data coded with SNOMED CT, as well as how integration between SNOMED CT and CPT provide key information to support the efficient and cost-effective management of healthcare organizations.”
Friday, August 14, 2020
Medallia Singapore data centre to support customer growth
KUALA LUMPUR, Aug 12 -- Medallia Inc, the global leader in experience management has announced the launch of its Singapore data centre in accelerating investment across APAC to support customer growth.
A global business and connectivity hub, Singapore is Medallia’s priority market, according to a statement.
Medallia APAC vice-president and general manager, Gavin Selkirk said: “The Singapore data centre plays an integral part in ensuring we deliver on the data security and regulatory requirements of businesses who are scaling up customer and employee experience programmes.”
The data centre will host all Medallia Experience Cloud™ Solutions, including Video, Digital, Speech, Conversations, Text Analytics and the company’s artificial intelligence product, Athena.
A SaaS cloud platform with enterprise-grade security, Medallia owns and maintains all backend infrastructure ensuring reliability, uptime and operational capabilities match data centres worldwide.
In its Asia’s continued accelerated growth trajectory, Medallia is excited to open its doors to customers and partners, including large Singaporean native and international banks, and world leading commercial real estate services businesses.
Medallia operates data centres in Santa Clara, Seattle, Denver, Toronto, Montreal, Frankfurt, London, Amsterdam, Sydney and Singapore.
-- BERNAMA
Thursday, August 13, 2020
AMAXMALL DONATES RM100,000 TO LUNG FOUNDATION TO HELP RECOVERING LUNG DISEASES PATIENTS
KUALA LUMPUR, Aug 13 (Bernama) -- In another heart-warming example of the generosity of Malaysians to their fellow countrymen in times of need, Asiaspace via amaxMALL has donated RM100,000 to the Lung Foundation of Malaysia (LFM) for its work in sourcing essential equipment for recovering lung diseases patients.
Asiaspace Sdn Bhd, the owners of amaxMALL, made the donation at a simple ceremony held on 13th August 2020 at amaxMALL store in Taman Tun Dr Ismail, Kuala Lumpur.
Asiaspace was represented by the Chief Executive Officer of amaxMALL, Datin Dr. Nik Sarina Hashim and LFM by its Chairman, Dato’ Dr. Zainudin Md Zin.
amaxMALL business solution provides Malaysian entrepreneurs market access via digital and physical platforms to expand their reach in Malaysian and overseas markets. It also provides training and advisory services for local entrepreneurs to develop their products with a view to become household names in the FMCG (Fast Moving Consumer Goods) market segment.
amaxMALL’s CEO Datin Dr. Nik Sarina Hashim said the portal was a champion of Malaysian sellers and SMEs who could sell their products more effectively by leveraging on amaxMALL’s business solution. She adds, “What’s important to us is that Malaysians should continue to enjoy a convenient and safe shopping experience from home, while supporting our merchants who are almost all SMEs.
LFM’s Dato’ Dr. Zainudin thanked amaxMALL for their generous support. “The donation will be timely as we continue to purchase essential equipment for patients who cannot afford the equipment they may need as they recover at home from lung diseases,” he said.
For more information on amaxMALL and Lung Foundation of Malaysia:
www.amaxmall.com
http://www.lfm.org.my/#hero
BACKGROUNDER FOR AMAXMALL
amaxMALL: RM100,000 DONATION TO HELP RECOVERY OF LUNG PATIENTS
amaxMALL is an exciting business solution developed by Asiaspace Sdn. Bhd. It is the first wholly owned Malaysian company to provide marketing platforms for both digital and physical markets, which cover a comprehensive service system for vendors and buyers.
amaxMALL has notched up impressive numbers. It carries 500 local brands accounting for 20,000 SKUs (Stock Keeping Units). It has trained 1,200 entrepreneurs and has developed various local brands into household names.
It has collaborations with retailers that have opened the doors for amaxMALL’s SME merchants to enter the networks of established names such as Giant, Watsons, Cold Storage, Mercato and AEON Wellness. It will soon be taking Malaysian brands into the Singapore and Brunei markets, with its overseas retail network.
Asiaspace set up amaxMALL on 6th July 2015 and has conducted numerous training sessions and programmes for its vendors, while its active CSR profile has seen it being involved in charity events.
In stepping forward to assist the Lung Foundation of Malaysia (LFM), Asiaspace has donated RM100,000 to assist Malaysians affected by a range of lung diseases to recover at home after discharge from hospital, using LFM sourced-equipment such as oxygen cylinders, oxygen concentrators and home portable ventilators (CPAP & BIPAP).
Asiaspace made the RM100,000 donation to LFM at a simple ceremony on 13th August 2020 at amaxMALL store in Taman Tun Dr Ismail, Kuala Lumpur.
PROFILE OF amaxMALL:
· Malaysia’s very own homegrown business solutions comprising amaxmall.com and bworks;
· Platform for Malaysian entrepreneurs to expand their market access;
· amaxMALL handles order placement, order verification, liaises with retailers on processing of orders and provides third party logistics to deliver products.
Find out more details on amaxMALL at: www.amaxmall.com
BACKGROUNDER FOR LUNG FOUNDATION MALAYSIA
LUNG FOUNDATION OF MALAYSIA: RAISING FUNDS TO BENEFIT PATIENTS WITH LUNG DISEASES
Since its inception in 2006, the Lung Foundation of Malaysia (LFM) has fulfilled a very important role in widening the understanding of lung diseases. Equally important has been the raising of funds to buy vital equipment, where LFM has depended on the generosity of the corporate world and of individual benefactors.
Established by a group of medical professionals and corporate citizens, LFM has been an advocate of improving the standard of care and treatment of patients with lung diseases. Many patients with chronic lung diseases cannot afford the equipment needed to aid their recovery at home, and LFM has over the years worked to ensure they have access to the needed equipment.
Chronic lung diseases such as Bronchopulmonary dysplasia in children, chronic obstructive pulmonary disease in adults and asthma in both children and adults are among lung diseases that commonly inflict people and lead to prolonged suffering and disability. Care for these patients can also be difficult and expensive especially if it involves the usage of life support devices.
LFM’s fundraising efforts to purchase equipment for lung patients were boosted with a sum of RM100,000 from amaxMALL, which donated the amount on 13th August 2020. LFM will thus be able to buy more equipment such as oxygen cylinders, oxygen concentrators and home portable ventilators (CPAP & BIPAP).
The generous donation was handed over to LFM by Asiaspace Sdn Bhd, the owners of amaxMALL, at a simple ceremony on 13th August at the amaxMALL pop-up store in Taman Tun Dr Ismail, Kuala Lumpur.
PROFILE OF LFM
· Supports patients with lung diseases to lead a better quality of life with minimal suffering
· Receives and administers funds for education, research and charitable purposes in relation to respiratory diseases for the public’s welfare
· Organises and supports schemes for the improvement of the standard of care of patients with lung diseases
Find out more about the Lung Foundation of Malaysia at: http://www.lfm.org.my/
SOURCE: World Communications Network Resources (M) Sdn Bhd
FOR MORE INFORMATION, PLEASE CONTACT:
Name: Dato’ Dr. Zainudin Md Zin
Yayasan Paru-Paru Malaysia
Tel: 03 28590426
Name: Fadhillah Abdullah
PR Manager
World Communications Network Resources (M) Sdn Bhd
Tel: +603-2166 3661 / +60199703352
Fax: +603-2166 4661
Website: http://world.com.my
--BERNAMA
Asiaspace Sdn Bhd, the owners of amaxMALL, made the donation at a simple ceremony held on 13th August 2020 at amaxMALL store in Taman Tun Dr Ismail, Kuala Lumpur.
Asiaspace was represented by the Chief Executive Officer of amaxMALL, Datin Dr. Nik Sarina Hashim and LFM by its Chairman, Dato’ Dr. Zainudin Md Zin.
amaxMALL business solution provides Malaysian entrepreneurs market access via digital and physical platforms to expand their reach in Malaysian and overseas markets. It also provides training and advisory services for local entrepreneurs to develop their products with a view to become household names in the FMCG (Fast Moving Consumer Goods) market segment.
amaxMALL’s CEO Datin Dr. Nik Sarina Hashim said the portal was a champion of Malaysian sellers and SMEs who could sell their products more effectively by leveraging on amaxMALL’s business solution. She adds, “What’s important to us is that Malaysians should continue to enjoy a convenient and safe shopping experience from home, while supporting our merchants who are almost all SMEs.
LFM’s Dato’ Dr. Zainudin thanked amaxMALL for their generous support. “The donation will be timely as we continue to purchase essential equipment for patients who cannot afford the equipment they may need as they recover at home from lung diseases,” he said.
For more information on amaxMALL and Lung Foundation of Malaysia:
www.amaxmall.com
http://www.lfm.org.my/#hero
BACKGROUNDER FOR AMAXMALL
amaxMALL: RM100,000 DONATION TO HELP RECOVERY OF LUNG PATIENTS
amaxMALL is an exciting business solution developed by Asiaspace Sdn. Bhd. It is the first wholly owned Malaysian company to provide marketing platforms for both digital and physical markets, which cover a comprehensive service system for vendors and buyers.
amaxMALL has notched up impressive numbers. It carries 500 local brands accounting for 20,000 SKUs (Stock Keeping Units). It has trained 1,200 entrepreneurs and has developed various local brands into household names.
It has collaborations with retailers that have opened the doors for amaxMALL’s SME merchants to enter the networks of established names such as Giant, Watsons, Cold Storage, Mercato and AEON Wellness. It will soon be taking Malaysian brands into the Singapore and Brunei markets, with its overseas retail network.
Asiaspace set up amaxMALL on 6th July 2015 and has conducted numerous training sessions and programmes for its vendors, while its active CSR profile has seen it being involved in charity events.
In stepping forward to assist the Lung Foundation of Malaysia (LFM), Asiaspace has donated RM100,000 to assist Malaysians affected by a range of lung diseases to recover at home after discharge from hospital, using LFM sourced-equipment such as oxygen cylinders, oxygen concentrators and home portable ventilators (CPAP & BIPAP).
Asiaspace made the RM100,000 donation to LFM at a simple ceremony on 13th August 2020 at amaxMALL store in Taman Tun Dr Ismail, Kuala Lumpur.
PROFILE OF amaxMALL:
· Malaysia’s very own homegrown business solutions comprising amaxmall.com and bworks;
· Platform for Malaysian entrepreneurs to expand their market access;
· amaxMALL handles order placement, order verification, liaises with retailers on processing of orders and provides third party logistics to deliver products.
Find out more details on amaxMALL at: www.amaxmall.com
BACKGROUNDER FOR LUNG FOUNDATION MALAYSIA
LUNG FOUNDATION OF MALAYSIA: RAISING FUNDS TO BENEFIT PATIENTS WITH LUNG DISEASES
Since its inception in 2006, the Lung Foundation of Malaysia (LFM) has fulfilled a very important role in widening the understanding of lung diseases. Equally important has been the raising of funds to buy vital equipment, where LFM has depended on the generosity of the corporate world and of individual benefactors.
Established by a group of medical professionals and corporate citizens, LFM has been an advocate of improving the standard of care and treatment of patients with lung diseases. Many patients with chronic lung diseases cannot afford the equipment needed to aid their recovery at home, and LFM has over the years worked to ensure they have access to the needed equipment.
Chronic lung diseases such as Bronchopulmonary dysplasia in children, chronic obstructive pulmonary disease in adults and asthma in both children and adults are among lung diseases that commonly inflict people and lead to prolonged suffering and disability. Care for these patients can also be difficult and expensive especially if it involves the usage of life support devices.
LFM’s fundraising efforts to purchase equipment for lung patients were boosted with a sum of RM100,000 from amaxMALL, which donated the amount on 13th August 2020. LFM will thus be able to buy more equipment such as oxygen cylinders, oxygen concentrators and home portable ventilators (CPAP & BIPAP).
The generous donation was handed over to LFM by Asiaspace Sdn Bhd, the owners of amaxMALL, at a simple ceremony on 13th August at the amaxMALL pop-up store in Taman Tun Dr Ismail, Kuala Lumpur.
PROFILE OF LFM
· Supports patients with lung diseases to lead a better quality of life with minimal suffering
· Receives and administers funds for education, research and charitable purposes in relation to respiratory diseases for the public’s welfare
· Organises and supports schemes for the improvement of the standard of care of patients with lung diseases
Find out more about the Lung Foundation of Malaysia at: http://www.lfm.org.my/
SOURCE: World Communications Network Resources (M) Sdn Bhd
FOR MORE INFORMATION, PLEASE CONTACT:
Name: Dato’ Dr. Zainudin Md Zin
Yayasan Paru-Paru Malaysia
Tel: 03 28590426
Name: Fadhillah Abdullah
PR Manager
World Communications Network Resources (M) Sdn Bhd
Tel: +603-2166 3661 / +60199703352
Fax: +603-2166 4661
Website: http://world.com.my
--BERNAMA
WIN A TABLET WITH WORLDREMIT'S BACK TO SCHOOL COMPETITION!
Send money between 1st July and 30th September 2020 to qualify
LONDON, Aug 13 (Bernama-BUSINESS WIRE) -- WorldRemit, a leading international payments company, is giving away 150 tablet computers to students in the Philippines! Public schools in the Philippines are scheduled to reopen from 24th August, depending on compliance with the local COVID-19 Risk Severity Classification. WorldRemit, which has a large presence in the Philippines, wants to create opportunities by widening access to education with this generous offer.
Customers will have the chance to win a tablet computer by simply making a transfer to the Philippines using the WorldRemit app or website between 1st July and 30th September 2020 and ensuring that they have registered for the offer online at: https://www.worldremit.com/en/promotions/winatablet. Every Friday of each week from 14th August 2020 until 2nd October 2020, WorldRemit will randomly select between 16 and 20 winners. A tablet computer will then be sent to the winners’ chosen recipient who can demonstrate they are currently a student in the Philippines.
“As a company, we recognise the transformative impact of education in young peoples’ lives, and we know that funding education is one of the main reasons that Overseas Foreign Workers send money back home. We want to ensure that more students can access learning resources online, whilst supporting those who opt for distance learning for personal reasons. This competition is our way of helping our customers to support their loved ones whilst playing our part in trying to mitigate inequalities around access to education,” said Scott Eddington, Managing Director, Asia-Pacific at WorldRemit.
The education system in the Philippines has suffered huge disruption as a result of the COVID-19 pandemic. The Department of Education has therefore devised a Basic Education Learning Continuity Plan comprising a mixture of face-to-face learning, blended learning, distance learning and home-schooling. The prospect of remote learning has caused concern for a number of low-income households who may struggle to afford the additional resources required, such as tablet computers. Some families may also be concerned about sending their children to school due to risk of exposure.
Earl Melivo, Country Director, Philippines at WorldRemit added, “The COVID-19 pandemic has had a negative impact on many families and their finances. This unfortunately means that a number of parents will have to make the difficult choice between choosing whether to buy household provisions or equipment so that their children can continue their studies remotely. As a Filipino, I know this competition will have a positive impact on the winners and their households.”
WorldRemit is the first international payments company to launch an offer of this kind. To enter, simply opt-in via the link below after making a transfer to the Philippines between 1st July and 30th September 2020.
For more details, please visit:
https://www.worldremit.com/en/promotions/winatablet
Terms and Conditions apply
WorldRemit
WorldRemit is a leading international payments company. We disrupted an industry previously dominated by offline legacy players by taking international money transfers online - making them safer, faster and lower-cost. We currently send from 50 to 150 countries, operate in 6,500 money transfer corridors worldwide and employ over 1,100 people worldwide.
On the sending side WorldRemit is 100% digital (cashless), increasing convenience and enhancing security. For those receiving money, the company offers a wide range of options including bank deposit, cash collection, mobile airtime top-up and mobile money.
Backed by Accel, TCV and Leapfrog – WorldRemit’s headquarters are in London, UK with a global presence including in the United States, Canada, South Africa, Japan, Singapore, the Philippines, Australia and New Zealand.
For more information visit www.worldremit.com
View source version on businesswire.com:
https://www.businesswire.com/news/home/20200812005754/en/
Contact
WorldRemit
Kyara Kwan
PR Manager Asia-Pacific
kkwan@worldremit.com
Source : WorldRemit
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