KUALA LUMPUR, March 3 -- EMQ, a global financial settlement network is augmenting its footprint across Southeast Asia with direct connectivity to Singapore’s Fast and Secure Transfers (FAST) network and extensive bank coverage across Malaysia.
This initiative will provide global businesses with enhanced coverage for the growing digital payment ecosystem in the region, according to a statement.
“Our new expansion across Singapore and Malaysia will further complement our capabilities in Southeast Asia and we are well-positioned to offer businesses direct payment access to international markets,” said EMQ co-founder and chief executive officer, Max Liu.
Powered by EMQ's global financial settlement network, businesses can now have instant access to 19 banks under Singapore’s FAST and extensive bank coverage across Malaysia under one single API integration.
EMQ’s Connect API integration platform is designed to streamline the complexity of making cross-border payments by providing solutions that can scale to meet the needs of businesses with high transaction volumes, enabling them to control workflows for a seamless user experience.
Businesses on EMQ’s platform can also benefit from greater security and comprehensive compliance to meet local regulatory requirements without the need to manage complex network infrastructure.
The latest developments come on the heels of a recent series of plans to bolster EMQ’s network infrastructure globally, which currently spans across Europe, UK, Singapore, Malaysia and China, among others. In the coming months, it will expand across Africa and the Americas.
More details at www.emq.com.
-- BERNAMA
Wednesday, March 4, 2020
Tuesday, March 3, 2020
Juniper Networks to power world-class, tech-enabled healthcare in India
KUALA LUMPUR, March 3 -- Juniper Networks has been chosen by the Dr D.Y. Patil Hospital & Research Centre in Pune, India to deliver world-class, technology-enabled healthcare with zero downtime.
Juniper Networks was selected for its ability to deliver a resilient, secure and highly automated architecture that could operate round-the-clock with 100 per cent uptime, while still allowing for scalability alongside the growth of the institute.
This solution framework was crucial for significant improvements in treatment and recovery time, without negatively impacting the performance and availability of other critical healthcare applications.
According to a statement, since the Juniper Networks deployment, D.Y. Patil Hospital & Research Centre has seen 100 per cent availability and an increase in network performance by over 60 per cent.
With Juniper’s proven network automation capabilities, the entire institute is now managed by only two engineers who supervise over 5,000 IT users across the campus.
The state-of-the-art, multi-specialty hospital stretches across 725,000 square feet, with provision for over 2,000 beds, 13 basic outpatient departments (OPD), eight super-specialty OPDs and 31 operation theatres.
-- BERNAMA
Coronavirus: China's Hangzhou introduces QR code system to 'scan' health condition
KUALA LUMPUR, March 2 -- China’s Hangzhou recently launched a health QR code system as a regional ‘traffic permit’, ensuring systematic population flow during the novel coronavirus outbreak.
According to the Hangzhou Municipal Government in a statement, the health QR code is the city’s latest digital efforts to fight the epidemic.
Based on related laws and rules, residents have to declare their conditions online via third-party platforms and government service apps. In turn, they will be assigned codes marked by green, yellow or red based on the information they offer.
Only residents with a green code are allowed to move around the city freely. Those with yellow and red codes must quarantine for certain days.
Holders of yellow and red codes are required to log in every day during quarantine before their codes can turn green.
The health QR code can be used in production and daily life once declared, enabling scientific, accurate and efficient epidemic prevention and control as well as the safe resumption of work and production for enterprises.
In Hangzhou, people returning to work are subject to classified and targeted epidemic management and control, which cuts the approval procedures of enterprises and avoids the inconveniences brought by ‘one-size-fits-all’ measures.
Therefore, the speed of work resumption of enterprises is significantly accelerated. Data showed that about 94.9 per cent of the city's enterprises are in normal operation.
-- BERNAMA
According to the Hangzhou Municipal Government in a statement, the health QR code is the city’s latest digital efforts to fight the epidemic.
Based on related laws and rules, residents have to declare their conditions online via third-party platforms and government service apps. In turn, they will be assigned codes marked by green, yellow or red based on the information they offer.
Only residents with a green code are allowed to move around the city freely. Those with yellow and red codes must quarantine for certain days.
Holders of yellow and red codes are required to log in every day during quarantine before their codes can turn green.
The health QR code can be used in production and daily life once declared, enabling scientific, accurate and efficient epidemic prevention and control as well as the safe resumption of work and production for enterprises.
In Hangzhou, people returning to work are subject to classified and targeted epidemic management and control, which cuts the approval procedures of enterprises and avoids the inconveniences brought by ‘one-size-fits-all’ measures.
Therefore, the speed of work resumption of enterprises is significantly accelerated. Data showed that about 94.9 per cent of the city's enterprises are in normal operation.
-- BERNAMA
AM BEST AFFIRMS CREDIT RATINGS OF TUGU INSURANCE COMPANY LIMITED
| HONG KONG, March 2 (Bernama-BUSINESS WIRE) -- AM Best has affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” of Tugu Insurance Company Limited (TIC) (Hong Kong). The outlook of these Credit Ratings (ratings) is negative. The ratings reflect TIC’s balance sheet strength, which AM Best categorizes as strong, as well as its marginal operating performance, limited business profile and marginal enterprise risk management. On a going-concern basis, the company’s strongest level of risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR), remained supportive of the balance sheet strength. Over the past five years, net underwriting leverage has trended downward and remained low while capital and surplus has exhibited volatility, driven by investment property revaluation gains in 2017 and fluctuations in operating earnings. The balance sheet strength is offset partially by the high asset concentration in a small number of investment properties and a high degree of uncertainty and sensitivity to actuarial assumptions in net reserves, partially attributed to the small net retained book of business. The negative outlooks reflect the strategic uncertainty over TIC’s capitalization over the short to intermediate term, following the public disclosure of its parent, PT Asuransi Tugu Pratama Indonesia Tbk, of its intention to sell its shares in TIC. In regard to operating performance, TIC’s underwriting results have been volatile over the past five years, mainly due to significant reserve movements and volatile claims experience in its commercial lines-focused portfolio. Fixed costs remained high due to the small-sized and shrinking net underwriting portfolio. Investment results continued to benefit from the income stream from rental properties, and bond and equity investments. TIC is a small insurer in Hong Kong’s highly competitive and fragmented non-life market. The company applies basic tools in risk management, such as investment and underwriting guidelines. Positive rating actions are unlikely in the near term. Negative rating actions could occur if there is a material decline in the company's risk-adjusted capitalization or liquidity, for example, due to adverse reserve movements or a significant decrease in its capital position. |
Monday, March 2, 2020
Hillstone Networks to launch Intelligence squared at RSAC 2020
KUALA LUMPUR, Feb 25 -- Hillstone Networks is set to unveil its Intelligence squared campaign at the RSA Conference 2020 in San Francisco.
With this year’s theme being the Human Element, RSAC is the ultimate venue for the newest developments in cybersecurity.
Intelligence squared is based on Hillstone’s vision that AI and humans are better together as Intelligence squared.
According to a statement, it is a force multiplier, continually growing, adapting and defending enterprise.
“Intelligence squared expresses our commitment to our customers to stand with them to protect their organisation from the legions of ever-smarter attackers,” said Hillstone Networks’ CTO and Co-founder, Tim Liu.
“With Hillstone solutions, our customers will force multiply their security defences and protection. We are excited to share with the RSA audience the latest developments in Hillstone’s solution suite.”
Hillstone was recently recognised as a 2020 Gartner Peer Insights Customers’ Choice for Network Firewalls.
-- BERNAMA
With this year’s theme being the Human Element, RSAC is the ultimate venue for the newest developments in cybersecurity.
Intelligence squared is based on Hillstone’s vision that AI and humans are better together as Intelligence squared.
According to a statement, it is a force multiplier, continually growing, adapting and defending enterprise.
“Intelligence squared expresses our commitment to our customers to stand with them to protect their organisation from the legions of ever-smarter attackers,” said Hillstone Networks’ CTO and Co-founder, Tim Liu.
“With Hillstone solutions, our customers will force multiply their security defences and protection. We are excited to share with the RSA audience the latest developments in Hillstone’s solution suite.”
Hillstone was recently recognised as a 2020 Gartner Peer Insights Customers’ Choice for Network Firewalls.
-- BERNAMA
Sunday, March 1, 2020
MANULIFE INSURANCE BERHAD PROVIDES SPECIAL COVID-19 FINANCIAL ASSISTANCE FOR CUSTOMERS
KUALA LUMPUR, Feb 28 (Bernama) -- Manulife Insurance Berhad (MIB) has announced that the company is providing a special financial assistance to customers diagnosed with COVID-19.
This financial assistance is on top of the company’s recent announcement on 31 January 2020 stating that customers who are seeking treatment related to COVID-19 within Malaysia will be covered by the company’s medical plans. The company will also waive the 30-day waiting period for medical policies issued or reinstated before 30 January 2020 and extend the grace period to 90 days for policyholders who are diagnosed with COVID-19.
MIB’s enhanced protection benefits support the Malaysian government’s effort in dealing with the evolving COVID-19 situation.
Starting from 26 Feb 2020 until 30 June 2020, MIB customers who are diagnosed with COVID-19, and kept in quarantine in any Ministry of Health Malaysia’s designated hospitals will be provided with daily benefit of RM200 per day for up to 30 days. In the case of loss of life due to COVID-19, an additional lump sum amounting to RM10,000 will be provided. The lump sum amount given due to loss of life is offered to customers and their immediate family members (parents, spouse & children up to age 18).
MIB appreciates the high risk medical personnel face amidst a public health outbreak. An additional RM5,000 lump sum will therefore be given on top of the RM10,000, if the loss of life due to COVID-19 happens to a medical staff who works in a registered hospital in Malaysia.
More information on this special financial assistance is made available in our website, www.manulife.com.my.
“As a company that is committed to doing the right thing and helping make decisions easier and lives better for our customers, we will continue to monitor the situation closely and look for ways to further support our customers,” said Manulife Insurance Berhad Chief Executive Officer, Lee Sang Hui.
About Manulife Malaysia
Manulife Holdings Berhad is part of Canada-based Manulife Financial Corporation. Through its subsidiary companies, Manulife Malaysia offers an innovative range of financial protection, health and wealth management products and services to meet different customer needs. Manulife Malaysia currently serves the needs of over 270,000 policyholders and wealth management customers. Manulife Holdings Berhad has been listed on the Main Board of Bursa Malaysia since 1984. As at 31 December 2019, its assets under management were over RM11 billion. To learn more about Manulife Malaysia, visit: www.manulife.com.my.
About Manulife
Manulife Financial Corporation is a leading international financial services group that helps people make their decisions easier and lives better. With our global headquarters in Toronto, Canada, we operate as Manulife across our offices in Canada, Asia, and Europe, and primarily as John Hancock in the United States. We provide financial advice, insurance, and wealth and asset management solutions for individuals, groups and institutions. At the end of 2019, we had more than 35,000 employees, over 98,000 agents, and thousands of distribution partners, serving almost 30 million customers. As of December 31, 2019, we had $1.2 trillion (US$0.9 trillion) in assets under management and administration, and in the previous 12 months we made $29.7 billion in payments to our customers. Our principal operations are in Asia, Canada and the United States where we have served customers for more than 100 years. We trade as 'MFC' on the Toronto, New York, and the Philippine stock exchanges and under '945' in Hong Kong.
http://mrem.bernama.com/viewsm.php?idm=36848
This financial assistance is on top of the company’s recent announcement on 31 January 2020 stating that customers who are seeking treatment related to COVID-19 within Malaysia will be covered by the company’s medical plans. The company will also waive the 30-day waiting period for medical policies issued or reinstated before 30 January 2020 and extend the grace period to 90 days for policyholders who are diagnosed with COVID-19.
MIB’s enhanced protection benefits support the Malaysian government’s effort in dealing with the evolving COVID-19 situation.
Starting from 26 Feb 2020 until 30 June 2020, MIB customers who are diagnosed with COVID-19, and kept in quarantine in any Ministry of Health Malaysia’s designated hospitals will be provided with daily benefit of RM200 per day for up to 30 days. In the case of loss of life due to COVID-19, an additional lump sum amounting to RM10,000 will be provided. The lump sum amount given due to loss of life is offered to customers and their immediate family members (parents, spouse & children up to age 18).
MIB appreciates the high risk medical personnel face amidst a public health outbreak. An additional RM5,000 lump sum will therefore be given on top of the RM10,000, if the loss of life due to COVID-19 happens to a medical staff who works in a registered hospital in Malaysia.
More information on this special financial assistance is made available in our website, www.manulife.com.my.
“As a company that is committed to doing the right thing and helping make decisions easier and lives better for our customers, we will continue to monitor the situation closely and look for ways to further support our customers,” said Manulife Insurance Berhad Chief Executive Officer, Lee Sang Hui.
About Manulife Malaysia
Manulife Holdings Berhad is part of Canada-based Manulife Financial Corporation. Through its subsidiary companies, Manulife Malaysia offers an innovative range of financial protection, health and wealth management products and services to meet different customer needs. Manulife Malaysia currently serves the needs of over 270,000 policyholders and wealth management customers. Manulife Holdings Berhad has been listed on the Main Board of Bursa Malaysia since 1984. As at 31 December 2019, its assets under management were over RM11 billion. To learn more about Manulife Malaysia, visit: www.manulife.com.my.
About Manulife
Manulife Financial Corporation is a leading international financial services group that helps people make their decisions easier and lives better. With our global headquarters in Toronto, Canada, we operate as Manulife across our offices in Canada, Asia, and Europe, and primarily as John Hancock in the United States. We provide financial advice, insurance, and wealth and asset management solutions for individuals, groups and institutions. At the end of 2019, we had more than 35,000 employees, over 98,000 agents, and thousands of distribution partners, serving almost 30 million customers. As of December 31, 2019, we had $1.2 trillion (US$0.9 trillion) in assets under management and administration, and in the previous 12 months we made $29.7 billion in payments to our customers. Our principal operations are in Asia, Canada and the United States where we have served customers for more than 100 years. We trade as 'MFC' on the Toronto, New York, and the Philippine stock exchanges and under '945' in Hong Kong.
http://mrem.bernama.com/viewsm.php?idm=36848
JAPAN RAIL CAFE AT TOKYO STATION TO BECOME TRAVELLERS' INFORMATION HUB
KUALA LUMPUR, Feb 28 (Bernama) -- East Japan Railway Co (JR East) will
open ‘JAPAN RAIL CAFE’ at Tokyo Station on March 5 as a site where
overseas visitors can interact with one another and gather seasonal travel
information on Japan.
JAPAN RAIL CAFE will help visitors share the seasonal charms of Japan as
ways of enjoying trips are being increasingly diversified, according to a statement.
The cafe will provide inbound tourists with up-to-date information ‘only
now’ and ‘for yourselves only’ on various areas of Japan, which cannot be
obtained from guidebooks or online, as well as travel support in one-stop
service.
With ‘Talk about trips, meet new friends’ concept, the cafe will help
foreign travellers interact with one another and talk about areas they should
visit now as well as the charms of their hometowns, thereby exchanging hints
about trips in Japan.
JR East will establish a tourism information and
travel consultation counter at the cafe to propose specific travel plans
in Japan in conjunction with tourism promotion campaigns underway in various
parts of the country.
Visitors can exchange their vouchers for Japan Rail Pass and other
specially planned tickets for visitors from overseas as well as selling JR
tickets and ‘Welcome Suica’ IC cards for inbound tourists.
The cafe will also sell seasonal Japanese food and drinks, ‘ekiben’ box
lunches and special food products made exclusively for the cafe under the
supervision of Japanese tea producer-dealer, ‘Senchado Tokyo’.
A large 140-inch screen will be installed to allow visitors to have
virtual experiences of travel in Japan. Visitors can also use digital
signage content ‘Wall SHOP’ which utilises the fruits of Internet research by
the Rakuten group, to enjoy searching for travel information.
More details at http://www.jreast.co.jp/e/japanrailcafe/tokyo/
-- BERNAMA
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