Chief Executive Officer (“CEO”) of Perangsang Selangor, Ahmad Fariz Hassan (“Fariz”) expressed, “We are extremely pleased to be recognised by MARIM as Risk Manager of the Year for 2016. It affirms the importance all of us at Perangsang Selangor place on risk management, not only in our investment strategy but also in our day to day operations and management processes. We are always mindful of our responsibilities as a public listed investment company and are constantly working to ensure that we effectively mitigate any risks to our shareholders.”
Sunday, 31 July 2016
PERANGSANG SELANGOR CLINCHES TOP AWARD AS RISK MANAGER OF THE YEAR FOR 2016 BY MARIM
KUALA LUMPUR, July 29 (Bernama) -- Kumpulan Perangsang Selangor Berhad (“Perangsang Selangor” or the “Company”), has been named Risk Manager of the Year for 2016, by the Malaysian Association of Insurance & Risk Management (“MARIM”) at the recently held MARIM Conference 2016. MARIM is a non-profit trade association representing corporate entities which practice Risk and Insurance Management in Malaysia, and presents the award to the organisation which clearly demonstrates an implemented effective risk management system with the objective of minimising potential losses while also adding value to the organisation. The MARIM Risk Manager of the Year Award recognises the pursuit of excellence in the risk management sector, and strives to set benchmarks for the risk management profession in the country. Ultimately, through the award and the related recognition, MARIM aims to promote the integration of sound risk management standards into business processes to enhance the overall growth and survival of an organization.
Chief Executive Officer (“CEO”) of Perangsang Selangor, Ahmad Fariz Hassan (“Fariz”) expressed, “We are extremely pleased to be recognised by MARIM as Risk Manager of the Year for 2016. It affirms the importance all of us at Perangsang Selangor place on risk management, not only in our investment strategy but also in our day to day operations and management processes. We are always mindful of our responsibilities as a public listed investment company and are constantly working to ensure that we effectively mitigate any risks to our shareholders.”
Chief Executive Officer (“CEO”) of Perangsang Selangor, Ahmad Fariz Hassan (“Fariz”) expressed, “We are extremely pleased to be recognised by MARIM as Risk Manager of the Year for 2016. It affirms the importance all of us at Perangsang Selangor place on risk management, not only in our investment strategy but also in our day to day operations and management processes. We are always mindful of our responsibilities as a public listed investment company and are constantly working to ensure that we effectively mitigate any risks to our shareholders.”
TOYO RICE CORPORATION'S HIGH PRICED RICE AT 11,304 YEN/KG LISTED IN GUINNESS WORLD RECORDS(R)(1)
Benefits of Kinmemai Rice promoted worldwide, helping to expand Japan's rice exports
TOKYO, July 28 (Bernama-BUSINESS WIRE) -- The "World's Highest Quality Rice," which Toyo Rice Corporation (Headquarters: Chuo-ku, Tokyo, President: Keiji Saika) made publicly available for the first time through its online shopping site (*2) for five days between June 29th and July 3rd, 2016, is listed in Guinness World Records as the world's most expensive rice. The rice was sold in units of six packages x 140 g for 10,800 yen (including consumption tax and postage). All 30 boxes of the rice were sold as planned. The rice is certified and listed in Guinness World Records as priced at 11,304 yen/kg (109 U.S. dollars/kg) excluding consumption tax and postage.
Toyo Rice Corporation has advanced its "World's Highest Quality Rice" business since last winter in order to improve the global perception of Japanese rice and provide "a dream and hope" to rice producers in Japan. Six varieties of rice were carefully selected from among 18 varieties of brown rice that were awarded gold prizes and certified as the world's top quality rice in the International Category at the 17th International Contest on Rice Taste Evaluation (hosted by the Association of the Certified Rice Appraisers) held in Komatsu City, Ishikawa Prefecture in November 2015. A total of 3,870 kg of the six varieties of rice were purchased from their producers at 1,900 yen/kg, approximately eight times the usual price for rice. Then approximately 2,000 kg of brown rice grains were selected for their superior vital energy to produce Kinmemai Rice, an ultra-high class rice, with improved taste and vital energy thanks to Toyo Rice's unique aging, polishing, blending and rinse-free technologies. Regarding the stock of the World's Highest Quality Rice, only amounts reserved by Yugyoan Tankuma Kitamise, a Japanese restaurant headquartered in Kyoto, and amounts reserved for export overseas are now available. Toyo Rice Corporation will continue to advance its "World's Highest Quality Rice" business in order to proclaim the quality of Japanese rice and rice processing technologies worldwide.
Toyo Rice Corporation has advanced its "World's Highest Quality Rice" business since last winter in order to improve the global perception of Japanese rice and provide "a dream and hope" to rice producers in Japan. Six varieties of rice were carefully selected from among 18 varieties of brown rice that were awarded gold prizes and certified as the world's top quality rice in the International Category at the 17th International Contest on Rice Taste Evaluation (hosted by the Association of the Certified Rice Appraisers) held in Komatsu City, Ishikawa Prefecture in November 2015. A total of 3,870 kg of the six varieties of rice were purchased from their producers at 1,900 yen/kg, approximately eight times the usual price for rice. Then approximately 2,000 kg of brown rice grains were selected for their superior vital energy to produce Kinmemai Rice, an ultra-high class rice, with improved taste and vital energy thanks to Toyo Rice's unique aging, polishing, blending and rinse-free technologies. Regarding the stock of the World's Highest Quality Rice, only amounts reserved by Yugyoan Tankuma Kitamise, a Japanese restaurant headquartered in Kyoto, and amounts reserved for export overseas are now available. Toyo Rice Corporation will continue to advance its "World's Highest Quality Rice" business in order to proclaim the quality of Japanese rice and rice processing technologies worldwide.
Friday, 29 July 2016
A.M. BEST AFFIRMS RATINGS OF YOUI NZ PTY LIMITED
SINGAPORE, July 29 (Bernama-BUSINESS WIRE) -- A.M. Best has affirmed the financial strength rating of B++ (Good) and the issuer credit rating of “bbb” of Youi NZ Pty Limited (Youi NZ) (New Zealand). The outlook for each rating remains stable.
The rating affirmations reflect Youi NZ’s strong risk-adjusted capitalization, resulting from the company’s low underwriting leverage, its prudent reinsurance program and conservative investments. In addition, actual claims experience during the company’s first two years of operation has been largely consistent with the assumptions it uses in pricing its policies.
http://mrem.bernama.com/viewsm.php?idm=27232
The rating affirmations reflect Youi NZ’s strong risk-adjusted capitalization, resulting from the company’s low underwriting leverage, its prudent reinsurance program and conservative investments. In addition, actual claims experience during the company’s first two years of operation has been largely consistent with the assumptions it uses in pricing its policies.
http://mrem.bernama.com/viewsm.php?idm=27232
A.M. BEST REVISES OUTLOOKS TO POSITIVE FOR BIDV INSURANCE CORPORATION
SINGAPORE, July 29 (Bernama-BUSINESS WIRE) -- A.M. Best has revised the outlooks to positive from stable and affirmed the financial strength rating of B+ (Good) and the issuer credit rating of “bbb-” of BIDV Insurance Corporation(BIC) (Vietnam). BIC is majority owned by the Bank for Investment and Development of Vietnam JSC (BIDV), one of the largest banks in Vietnam.
The revised outlooks reflect BIC’s strengthened risk-adjusted capitalization, following support from Fairfax Asia Limited (Fairfax Asia) as a strategic investor.
Thursday, 28 July 2016
TOSHIBA TO START MASS PRODUCTION OF BIPOLAR 2-CHANNEL STEPPING MOTOR DRIVER WITH MAXIMUM RATING OF 40V AND 2.0A
TOKYO, July 28 (Bernama-BUSINESS WIRE) -- Toshiba Corporation's (TOKYO:6502) Storage & Electronic Devices Solutions Company today announced that mass production of "TC78S122FNG," a bipolar 2-channel stepping motor driver offering a maximum output withstand voltage of 40V and output current of 2.0A, will start on August 5. The company also added "TC78S122FTG" to its stepping motor driver line-up as a package variation housed in more compact QFN package, with mass production set to start at the end of August.
High speed, high performance motor drives are required for applications that include printers, surveillance cameras, office automation equipment, banking terminals such as ATMs, banknote identification machines, amusement machines, and home appliances. In parallel, the downsizing of equipment is being accelerated by customer demand for space-saving products with excellent design. Measures to reduce heat generated inside equipment and low power consumption of the overall unit are also growing in importance.
http://mrem.bernama.com/viewsm.php?idm=27230
High speed, high performance motor drives are required for applications that include printers, surveillance cameras, office automation equipment, banking terminals such as ATMs, banknote identification machines, amusement machines, and home appliances. In parallel, the downsizing of equipment is being accelerated by customer demand for space-saving products with excellent design. Measures to reduce heat generated inside equipment and low power consumption of the overall unit are also growing in importance.
http://mrem.bernama.com/viewsm.php?idm=27230
NASDAQ BWISE GRC PLATFORM SELECTED BY DUBAI ISLAMIC BANK FOR RISK, COMPLIANCE AND INTERNAL CONTROL
NEW YORK & DUBAI, United Arab Emirates, July 28 (Bernama-GLOBE
NEWSWIRE) -- Nasdaq BWise (Nasdaq:NDAQ), a global leader in enterprise
Governance, Risk Management and Compliance (GRC), announced today that
it has been selected by Dubai Islamic Bank, the largest Islamic bank in
the United Arab Emirates, to support and further enhance their risk
management, compliance and internal control processes gaining a deeper
and more real-time visibility into their risks and overarching control
frameworks.
“We were searching for an eGRC solution that enables us to enhance and strengthen our risk management practices throughout the organization,” said Mr. Mohamed Abdulla Al Nahdi, Deputy CEO at Dubai Islamic Bank. “Nasdaq BWise was selected because of its user friendliness in one integrated GRC platform. In this way the compliance, risk and internal control departments will all have access to the right information from one single source.”
http://mrem.bernama.com/viewsm.php?idm=27229
“We were searching for an eGRC solution that enables us to enhance and strengthen our risk management practices throughout the organization,” said Mr. Mohamed Abdulla Al Nahdi, Deputy CEO at Dubai Islamic Bank. “Nasdaq BWise was selected because of its user friendliness in one integrated GRC platform. In this way the compliance, risk and internal control departments will all have access to the right information from one single source.”
PITNEY BOWES EXPANDS BUSINESS IN AUSTRALIA WITH GLOBAL RETAIL ECOMMERCE SOLUTIONS
Australian retailers and brands will sell across borders with the Pitney Bowes Borderfree Retail Platform
SYDNEY, July 28 (Bernama-BUSINESS WIRE) -- Pitney Bowes Inc. (NYSE:PBI), a global technology company that provides innovative products and solutions to power commerce, today announced that it is expanding its business in Australia to provide global ecommerce solutions to retailers looking to sell their goods across international borders. With the Pitney Bowes Borderfree Retail solution, Australian retailers will reach consumers in 220 countries and territories.
For nearly 40 years, clients in Australia have turned to Pitney Bowes for solutions that provide simplicity and remove complexities across the physical and digital worlds of commerce. Pitney Bowes solutions help clients identify customers, locate opportunities, enable communications, power shipping from anywhere to everywhere, and manage payments.
http://mrem.bernama.com/viewsm.php?idm=27227
SYDNEY, July 28 (Bernama-BUSINESS WIRE) -- Pitney Bowes Inc. (NYSE:PBI), a global technology company that provides innovative products and solutions to power commerce, today announced that it is expanding its business in Australia to provide global ecommerce solutions to retailers looking to sell their goods across international borders. With the Pitney Bowes Borderfree Retail solution, Australian retailers will reach consumers in 220 countries and territories.
For nearly 40 years, clients in Australia have turned to Pitney Bowes for solutions that provide simplicity and remove complexities across the physical and digital worlds of commerce. Pitney Bowes solutions help clients identify customers, locate opportunities, enable communications, power shipping from anywhere to everywhere, and manage payments.
http://mrem.bernama.com/viewsm.php?idm=27227
MH370 PLUNGED INTO SEA AT ALMOST 400KM/HR
PERTH, Australia, July 28, 2016 /Medianet International-AsiaNet/ --
Australia's crash investigator has revealed to AirlineRatings.com (http://www.airlineratings.com/news.php?s&id=739) that data indicates that MH370 could have been descending at up to 20,000ft (6700m) a minute in the moments just before it smashed into the sea with 239 passengers and crew.
In his first interview after taking over as Chief Commissioner of the Australian Transport Safety Bureau (ATSB), Greg Hood told AirlineRatings.com in Perth, Western Australia, that the automated satellite communication with the Boeing 777 in its final minutes showed that its descent increased dramatically from about 5,400ft (1200m) a minute to up to 20,000ft (6700m) a minute.
http://mrem.bernama.com/viewsm.php?idm=27226
Australia's crash investigator has revealed to AirlineRatings.com (http://www.airlineratings.com/news.php?s&id=739) that data indicates that MH370 could have been descending at up to 20,000ft (6700m) a minute in the moments just before it smashed into the sea with 239 passengers and crew.
In his first interview after taking over as Chief Commissioner of the Australian Transport Safety Bureau (ATSB), Greg Hood told AirlineRatings.com in Perth, Western Australia, that the automated satellite communication with the Boeing 777 in its final minutes showed that its descent increased dramatically from about 5,400ft (1200m) a minute to up to 20,000ft (6700m) a minute.
http://mrem.bernama.com/viewsm.php?idm=27226
PUBMATIC ANNOUNCES SIGNIFICANT GROWTH IN MOBILE, VIDEO AND NATIVE SPEND
REDWOOD CITY, Calif., July 28 (Bernama-BUSINESS WIRE) -- PubMatic,
the marketing automation software company for publishers, today
announced that in the first half of 2016, its mobile, video and native
platform spend grew more than 50 percent year-over-year. The company
went on to state that it is cash flow positive, following its third full
year of profitability in 2015. To capitalize on this momentum, veteran
digital media executive Jeff Hirsch has joined the company as Chief
Marketing Officer.
“Consumers continue to increase the time they spend on mobile devices and our focus on relevant solutions is resulting in significant upside for our customers,” said Rajeev Goel, Co-Founder & CEO of PubMatic. “Correspondingly, as the automation of media buying and selling matures, the demand for scalable and efficient direct deals has increased. Our enhanced ad decisioning is proving invaluable for these types of transactions. As a result of our focus on these industry trends, PubMatic achieved 12-month performance highs in daily run rate, daily Private Marketplace spend, and daily mobile monetization.”
http://mrem.bernama.com/viewsm.php?idm=27225
“Consumers continue to increase the time they spend on mobile devices and our focus on relevant solutions is resulting in significant upside for our customers,” said Rajeev Goel, Co-Founder & CEO of PubMatic. “Correspondingly, as the automation of media buying and selling matures, the demand for scalable and efficient direct deals has increased. Our enhanced ad decisioning is proving invaluable for these types of transactions. As a result of our focus on these industry trends, PubMatic achieved 12-month performance highs in daily run rate, daily Private Marketplace spend, and daily mobile monetization.”
Wednesday, 27 July 2016
AGEING POPULATION DRIVES 14 PERCENT GROWTH IN SENIOR CARE FACILITIES BY 2021
| CHICAGO, July 26 (Bernama-BUSINESS WIRE) -- Global market research company Euromonitor International released today new institutional channels industry data that provides comprehensive insight on the private and public business-to-business marketplace.
According to the new research, senior care facilities are projected to experience rapid growth in both developed and emerging economies over the forecast period (2016-2021) with a compound annual growth rate (CAGR) of 2.1 percent and 3.4 percent, respectively.
|
GLOBAL SURVEY RELEASED BY ISAPS REPORTS INCREASE OF OVER ONE MILLION COSMETIC AND AESTHETIC PROCEDURES PERFORMED IN 2015
The world continues to find value in aesthetic plastic surgery as indicated by growing numbers of procedures.
NEW YORK, July 26 (Bernama-GLOBE NEWSWIRE) -- The worldwide reach of the International Society of Aesthetic Plastic Surgery (ISAPS) is well known to the global plastic and aesthetic surgery community. Now the release of eagerly awaited procedural survey results shows an increase of over one million reported procedures from 2014 to 2015.
The data on surgical and non-surgical treatments performed in 2015 was tabulated from a questionnaire sent to approximately 35,000 plastic surgeons in the proprietary ISAPS database. ISAPS is the only organization that collects this type of data on a global scale and the study is viewed as a valuable resource in the field of aesthetics.
Monday, 25 July 2016
MDEC Assisting GHL To Find Suitable Partners To Grow
KUALA LUMPUR, July 21 (Bernama) -- Malaysia Digital Economy Corporation (MDEC), through its connections and initiatives, has been assisting GHL Systems Bhd to find suitable partners to grow.
In a statement today, MDEC said GHL had clearly set its sights on becoming the largest payment services provider in ASEAN.
"While GHL's core businesses include Shared Services and Solutions Services, its growth has been underpinned by its Transaction Payment Acquisition business.
"The TPA business enables GHL to directly contact merchants to provide credit card payment services (merchant acquiring) with an acquiring bank that will obtain authorisation for the credit card transactions," it said.
It said the shift in focus has transformed the company from a hardware reseller that earned non-recurrent revenue into a significant merchant acquirer, generating annuity revenue amounting to 94 per cent of its total group revenue.
"GHL recently expanded its TPA business by partnering Rizal Commercial Banking Corporation as the acquiring bank in the Philippines, which will help the company consolidate its position in the country," it added.
-- BERNAMA
In a statement today, MDEC said GHL had clearly set its sights on becoming the largest payment services provider in ASEAN.
"While GHL's core businesses include Shared Services and Solutions Services, its growth has been underpinned by its Transaction Payment Acquisition business.
"The TPA business enables GHL to directly contact merchants to provide credit card payment services (merchant acquiring) with an acquiring bank that will obtain authorisation for the credit card transactions," it said.
It said the shift in focus has transformed the company from a hardware reseller that earned non-recurrent revenue into a significant merchant acquirer, generating annuity revenue amounting to 94 per cent of its total group revenue.
"GHL recently expanded its TPA business by partnering Rizal Commercial Banking Corporation as the acquiring bank in the Philippines, which will help the company consolidate its position in the country," it added.
-- BERNAMA
8X8 EXPANDS INTERNATIONAL FOOTPRINT WITH INVESTMENTS IN EUROPE, ASIA PACIFIC, AND LATAM TO SUPPORT MID-MARKET AND ENTERPRISE CUSTOMER GROWTH
Announces New Global Data Centers, Localization Capabilities, and Customer Support Centers
SAN JOSE, Calif., July 20 (Bernama-BUSINESS WIRE) -- 8x8, Inc. (Nasdaq:EGHT), the leading provider of global Enterprise Communications as a Service (ECaaS), today announced that the company is expanding its international footprint with new investments in Europe, Asia Pacific, and Latin America (LATAM) to support growing demand from global and distributed mid-market and enterprise customers. This will include the addition of three new data centers in Singapore, The Netherlands and Brazil; full localization capabilities (end user application and portal localization) for an additional six languages – French (two dialects), German, Dutch, Spanish, Italian and Portuguese; and new support centers in the Philippines and Romania delivering 24 x 7 follow-the-sun support.
With this expansion, 8x8 will have a total of 12 data centers in eight regions of the world and will be one of the first global cloud communications providers with a presence in LATAM. From a localization perspective, 8x8 will support a total of 13 languages in addition to English, for its desktop interactive voice response (IVR) services by the end of this calendar year, including Japanese. The company is also supplementing its global customer success network in the United States and United Kingdom with its new support centers in the Philippines and Romania, bringing the total number of centers to seven. In addition 8x8 continues to make key investments in technology, quality of service, security, and reliability to support customers.
With this expansion, 8x8 will have a total of 12 data centers in eight regions of the world and will be one of the first global cloud communications providers with a presence in LATAM. From a localization perspective, 8x8 will support a total of 13 languages in addition to English, for its desktop interactive voice response (IVR) services by the end of this calendar year, including Japanese. The company is also supplementing its global customer success network in the United States and United Kingdom with its new support centers in the Philippines and Romania, bringing the total number of centers to seven. In addition 8x8 continues to make key investments in technology, quality of service, security, and reliability to support customers.
VERMILION SECURES MAJOR ASSET MANAGER IN AUSTRALIA FOR REPORTING
SYDNEY, July 25 (Bernama-BUSINESS WIRE) -- Vermilion Software (‘Vermilion’), the leading global supplier of client reporting and communications software, is delighted to announce that its reporting suite has been selected by one of the largest investment managers in Australia, Challenger.
Vermilion Reporting Suite was selected by Challenger Limited following a rigorous market selection process. The Vermilion solution will primarily be used in delivering reporting to Challenger’s institutional client base.
http://mrem.bernama.com/viewsm.php?idm=27215
Vermilion Reporting Suite was selected by Challenger Limited following a rigorous market selection process. The Vermilion solution will primarily be used in delivering reporting to Challenger’s institutional client base.
http://mrem.bernama.com/viewsm.php?idm=27215
Saturday, 23 July 2016
AG&P INTRODUCES VIRTUAL LNG PIPELINE TO MEET DEMAND FOR CLEANER, MORE EFFICIENT POWER
MANILA, Philippines, July 22 (Bernama-BUSINESS WIRE) -- AG&P (Atlantic, Gulf and Pacific Company), the leading infrastructure solutions provider, has announced it will be introducing a virtual LNG pipeline to bridge the capacity demands for power in Southeast Asia. The announcement was made by Albert Altura, President, AG&P, in his keynote address at the fourth annual Power and Electricity Philippines conference in Manila.
According to AG&P, the Philippines provides a unique challenge for the distribution of energy to 100 million people living across 7,000 islands. Traditional power delivery models are often too bulky to be viable to meet relatively smaller-scale energy requirements. Small-scale LNG solutions, including floating storage, regasification and power, provide power plants tailored to the archipelago, from even 5MW all the way up to traditionally-sized plants.
According to AG&P, the Philippines provides a unique challenge for the distribution of energy to 100 million people living across 7,000 islands. Traditional power delivery models are often too bulky to be viable to meet relatively smaller-scale energy requirements. Small-scale LNG solutions, including floating storage, regasification and power, provide power plants tailored to the archipelago, from even 5MW all the way up to traditionally-sized plants.
Friday, 22 July 2016
CONSUMERS IN SINGAPORE WANT SELF-DIRECTED HEALTHCARE ENABLED BY DIGITAL TECHNOLOGIES, ACCORDING TO ACCENTURE REPORT
Majority willing to replace face-to-face doctor visit with digitally enabled “virtual” visit
SINGAPORE, July 20 (Bernama-BUSINESS WIRE) -- Consumers in Singapore are ready to accept self-directed healthcare driven by digital technologies, with more than half of them willing to use virtual-care technologies as a replacement for a face-to-face healthcare visit, according to a new report by Accenture (NYSE:ACN).
The report, titled Innovation-Powered Healthcare in Asia Pacific, is based on a three-country survey of 2,250 citizens – 750 each in Australia, Japan and Singapore. According to the report, 54 per cent of Singaporean consumers said they would forego a face-to-face visit with a physician in lieu of a virtual visit if that would enable them to be seen sooner.
The report, titled Innovation-Powered Healthcare in Asia Pacific, is based on a three-country survey of 2,250 citizens – 750 each in Australia, Japan and Singapore. According to the report, 54 per cent of Singaporean consumers said they would forego a face-to-face visit with a physician in lieu of a virtual visit if that would enable them to be seen sooner.
NOXOPHARM LIMITED CLOSES OVERSUBSCRIBED IPO
SYDNEY, Australia, July 20, 2016 /Medianet International-AsiaNet/--
| * Noxopharm is a clinic-ready Australian biotech with a current focus on a drug product technology offering the possibility of less-damaging chemotherapy for cancer patients and those who are unable to tolerate standard treatments, and also for patients with cancers such as pancreatic cancer where survival prospects remain poor. * IPO raised $A6 million - strongly supported by institutional, retail and high net worth investors along with general public investors with an interest to see a change in current standard of-care cancer treatments * ASX - Listing date to be advised http://mrem.bernama.com/viewsm.php?idm=27188 |
A.M. BEST AFFIRMS RATINGS OF SOMPO JAPAN NIPPONKOA INS. INC., ITS SUBSIDIARY, NIPPONKOA INSURANCE COMPANY (CHINA) LIMITED AND ITS U.S. SUBSIDIARIES
HONG KONG, July 22 (Bernama-BUSINESS WIRE) -- A.M. Best has affirmed the financial strength rating (FSR) of A+ (Superior) and the issuer credit rating (ICR) of “aa-” of Sompo Japan Nipponkoa Insurance Inc. (SJNK) (Japan). A.M. Best also has affirmed the FSR of A- (Excellent) and the ICR of “a-” of SJNK’s subsidiary, NIPPONKOA Insurance Company (China) Limited (NKC) (China). The outlook for each rating remains stable. Concurrently, A.M. Best has affirmed the FSR of A+ (Superior) and the ICRs of “aa-” of Sompo Japan Insurance Company of America (SJA) and its reinsured affiliate, Sompo Japan Fire and Marine Insurance Company of America(SJFM), collectively known as Sompo Japan US Group (both domiciled in New York, NY). The outlook for each of these ratings remains stable. Additionally, A.M. Best has revised the outlooks to negative from stable and affirmed the FSR of A- (Excellent) and the ICR of “a-” of Canopius US Insurance, Inc. (Canopius US) (Wilmington DE).
TRAVELSKY MIGRATES TO UNISYS AIRCORE TO MODERNISE AIRLINE PASSENGER SALES AND SERVICE FOR CHINA'S AIRLINES
BEIJING, China, July 20 (Bernama) --
China's leading aviation IT solutions provider streamlines and enhances passenger sales and service applications via modular open systems solution
http://mrem.bernama.com/viewsm.php?idm=27191Unisys Corporation (NYSE: UIS) (http://www.unisys.com/) today announced that TravelSky (http://www.travelsky.net/publish/english/index.html) has successfully cut over to the Unisys AirCore next-generation passenger system to streamline and modernise passenger sales and service (PSS) applications for its airline clients. http://www.unisys.com/offerings/industry-solutions/transportation-industry-solutions/aircore-airline-passenger-services |
EASTSPRING INVESTMENTS BERHAD DECLARES INCOME DISTRIBUTION FOR THE EASTSPRING INVESTMENTS ASIAN HIGH YIELD BOND MY FUND
KUALA LUMPUR, July 22 (Bernama) -- Eastspring Investments Berhad today announced the first income distribution for its Eastspring Investments Asian High Yield Bond MY Fund (“Fund”). The Fund is a wholesale feeder fund which aims to maximise income and capital appreciation by investing in the Eastspring Investments-Asian High Yield Bond Fund (“Target Fund”), which invests primarily^ in Asian high yield bonds.
RANGE INTERNATIONAL TO LIST ON ASX FOLLOWING SUCCESSFUL IPO
SYDNEY, Australia, July 21 (Bernama-AsiaNet) -- Recycled plastic pallet manufacturer Range International (ASX: RAN) will list on the Australian Securities Exchange on Friday July 22, following a successful IPO.
Range International produces Re>Pal(TM) pallets, an affordable durable and sustainable product made from 100% recycled waste plastic.
Range International produces Re>Pal(TM) pallets, an affordable durable and sustainable product made from 100% recycled waste plastic.
GENIEE INC. ANNOUNCES NOTICE OF A CAPITAL INCREASE THROUGH THIRD-PARTY ALLOCATION AND TRANSFER OF OUTSTANDING SHARES
Approximately 1 billion yen in funds raised via Fenox VC, BRV, others
TOKYO, July 21 (Bernama-BUSINESS WIRE) -- Geniee, Inc. (Head Office: Shinjuku-ku, Tokyo; President & CEO: Tomoaki Kudo; hereinafter, "Geniee") announces that today it will execute a capital increase through third-party allocation and transfer of outstanding shares allotted to Fenox Venture Capital as well as BRV Japan Advisers and two other companies.
http://mrem.bernama.com/viewsm.php?idm=27195
TOKYO, July 21 (Bernama-BUSINESS WIRE) -- Geniee, Inc. (Head Office: Shinjuku-ku, Tokyo; President & CEO: Tomoaki Kudo; hereinafter, "Geniee") announces that today it will execute a capital increase through third-party allocation and transfer of outstanding shares allotted to Fenox Venture Capital as well as BRV Japan Advisers and two other companies.
Thursday, 21 July 2016
JOY GLOBAL ANNOUNCES AGREEMENT TO BE ACQUIRED BY KOMATSU IN $3.7 BILLION ALL-CASH TRANSACTION
Delivers substantial all-cash premium to Joy Global stockholders
Komatsu committed to long-term growth of Joy Global, which will operate as a separate subsidiary of Komatsu
MILWAUKEE, July 21 (Bernama-BUSINESS WIRE) -- Joy Global Inc. (NYSE: JOY) (“Joy Global”), a worldwide leader in high-productivity mining solutions, today announced that its Board of Directors has unanimously approved a definitive merger agreement under which Komatsu America Corp., a subsidiary of Komatsu Ltd. (TYO: 6301) (“Komatsu”), will acquire Joy Global in a transaction valued at approximately $3.7 billion, including Joy Global’s outstanding indebtedness. Under the terms of the agreement, Joy Global stockholders will receive $28.30 per share in cash for each outstanding share of common stock held, representing a 48% premium to the volume weighted average closing price of Joy Global’s common stock for the 90 trading days and a 41% premium to the volume weighted average closing price of Joy Global’s common stock for the 60 trading days prior to July 21, 2016.
A.M. BEST AFFIRMS RATINGS OF CENTURY INSURANCE COMPANY (GUAM) LIMITED
HONG KONG, July 21 (Bernama-BUSINESS WIRE) -- A.M. Best has affirmed the financial strength rating (FSR) of B++ (Good) and the issuer credit rating (ICR) of “bbb+” of Century Insurance Company (Guam) Limited (CIC Guam) (Guam). The outlook for the FSR remains stable, while the outlook for the ICR remains negative.
The ratings reflect CIC Guam’s improved underwriting performance and sound reinsurance program. The negative outlook for the ICR reflects the company’s declining risk-adjusted capitalization and a significant proportion of overdue premium receivables. New management discarded its initial plan to merge the insurance book of an affiliated company, Century Insurance Company Ltd., into CIC Guam, which would have placed material negative pressure on the company’s risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio. However, A.M. Best expects CIC Guam’s risk-adjusted capitalization to continue declining based on its business plan. This decrease is mainly due to higher growth in underwriting risk relative to statutory capital and surplus, historically and prospectively. In addition, the decline in statutory capital and surplus since 2013 was mainly due to the increase in non-admitted assets (primarily composed of overdue premium receivables), which was deducted from statutory surplus. CIC Guam’s management will continue to work with its designated managing general agency to reduce the size of overdue receivables going forward.
http://mrem.bernama.com/viewsm.php?idm=27196
The ratings reflect CIC Guam’s improved underwriting performance and sound reinsurance program. The negative outlook for the ICR reflects the company’s declining risk-adjusted capitalization and a significant proportion of overdue premium receivables. New management discarded its initial plan to merge the insurance book of an affiliated company, Century Insurance Company Ltd., into CIC Guam, which would have placed material negative pressure on the company’s risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio. However, A.M. Best expects CIC Guam’s risk-adjusted capitalization to continue declining based on its business plan. This decrease is mainly due to higher growth in underwriting risk relative to statutory capital and surplus, historically and prospectively. In addition, the decline in statutory capital and surplus since 2013 was mainly due to the increase in non-admitted assets (primarily composed of overdue premium receivables), which was deducted from statutory surplus. CIC Guam’s management will continue to work with its designated managing general agency to reduce the size of overdue receivables going forward.
http://mrem.bernama.com/viewsm.php?idm=27196
NASDAQ WINS 'BEST MARKET SURVEILLANCE PROVIDER'
2016 marks 4th consecutive win for Nasdaq SMARTS Trade Surveillance in Waters Rankings
NEW YORK, July 19 (Bernama-GLOBE NEWSWIRE) -- Nasdaq (Nasdaq:NDAQ), the world's leading provider of market technology, was recently selected as 'Best Market Surveillance Provider' by Waters Technology's 2016 Waters Rankings. This is the fourth consecutive win for Nasdaq’s SMARTS Trade Surveillance product, which is currently used by over 120 market participants across 139 global markets and across all asset classes.
Each year, Waters Rankings awards 30 winners in five sections: Trading Services; Trading Tools; Data Management; Compliance, Risk Management and the Back Office; and Infrastructure and Connectivity. Waters Rankings is the only awards program offered by Waters Technology where the category winners are determined exclusively by the readers.
Wednesday, 20 July 2016
JEWELLERY RECORDS US$ 316 BILLION SALES IN 2016, WITH 15 PERCENT INTERNET RETAILING GROWTH
SINGAPORE, July 19 (Bernama-BUSINESS WIRE) -- Global Market Research Company Euromonitor International released today 2016 personal accessories data.
According to the new research, jewellery is the best performing personal accessories category with sales worth US$ 316 billion in 2016. It is also the fastest growing segment within the personal accessories industry with 3 percent growth between 2015 and 2016. Jewellery, that includes both costume and fine jewellery, experienced 15 percent year-on-year growth of internet retail sales, reaching US$ 19 billion in 2016, up from US$ 9 billion in 2011. Interestingly, the 16 percent growth of internet retailing for fine jewellery is higher than the growth of internet retailing for costume jewellery at 12 percent, as more fine jewellery players go online.
According to the new research, jewellery is the best performing personal accessories category with sales worth US$ 316 billion in 2016. It is also the fastest growing segment within the personal accessories industry with 3 percent growth between 2015 and 2016. Jewellery, that includes both costume and fine jewellery, experienced 15 percent year-on-year growth of internet retail sales, reaching US$ 19 billion in 2016, up from US$ 9 billion in 2011. Interestingly, the 16 percent growth of internet retailing for fine jewellery is higher than the growth of internet retailing for costume jewellery at 12 percent, as more fine jewellery players go online.
ISOCOL HOLDINGS AG APPLIES TO LIST ON EURONEXT EXCHANGE IN PARIS
ZURICH, Switzerland, July 20 (Bernama-GLOBE NEWSWIRE) -- Isocol
Holdings AG has applied to list on the Euronext Paris (Marché Libre)
exchange.
The proposed listing forms part of the company’s global growth strategy and will help meet the strong demand in European markets for the company’s core product, Isocol™ Rubbing Alcohol Antiseptic.
For more than 30 years, Isocol™ has been a must-have product in Australian households, with a multitude of applications from general cleaning to skin treatment. Isocol™ products are sold through more than 1500 of Australia’s leading supermarkets, including Woolworths, Coles and IGA, as well as 4000 retail pharmacies that include national chains Priceline, Terry White and Amcal.
http://mrem.bernama.com/viewsm.php?idm=27186
The proposed listing forms part of the company’s global growth strategy and will help meet the strong demand in European markets for the company’s core product, Isocol™ Rubbing Alcohol Antiseptic.
For more than 30 years, Isocol™ has been a must-have product in Australian households, with a multitude of applications from general cleaning to skin treatment. Isocol™ products are sold through more than 1500 of Australia’s leading supermarkets, including Woolworths, Coles and IGA, as well as 4000 retail pharmacies that include national chains Priceline, Terry White and Amcal.
NRI ADDS NEW FUNCTIONALITY TO ITS I-STAR SUITE
- New feature will allow increased engagement in
post-trade activities and respond to JPX’s derivatives trading system -
TOKYO, July 20 (Bernama-BUSINESS WIRE) -- Nomura Research Institute, Ltd. (NRI, TOKYO:4307), a leading provider of consulting services and system solutions, today announced it has added new functionality to I-STAR, NRI’s securities back-office solution for wholesale brokerage firms. The new feature adapts to the Next Generation Derivatives Trading System (Next J-GATE) of Osaka Exchange Inc., which is Japan Exchange Group subsidiary. Next J-GATE went live today.
JAPAN EXCHANGE GROUP (JPX) LAUNCHES NEXT GENERATION TECHNOLOGY SUITE POWERED BY NASDAQ
NEW YORK and TOKYO, July 19 (Bernama-GLOBE NEWSWIRE) -- Japan Exchange Group (JPX) and Nasdaq have officially announced that JPX has gone live with their new next-generation derivatives trading system for the JPX subsidiary, Osaka Exchange. This is a milestone in the relationship between Nasdaq and JPX, who have been working together since 2011.
“We are proud to be supporting JPX as they successfully launch their new trading system on the Osaka Exchange,” said Lars Ottersgård, Executive Vice President, Market Technology, Nasdaq. "As JPX continues to expand its business both regionally and globally, the technology they’ve implemented will provide the flexibility and performance capabilities, as well as the risk and surveillance solutions, to help the exchange group meet and exceed their growth plans.”
Tuesday, 19 July 2016
TOSHIBA LAUNCHES PHOTORELAYS IN DIP8 PACKAGES WITH INDUSTRY-LEADING 5A DRIVE CURRENT
Line-up of large-current products enhanced for replacement of mechanical relays in industrial applications
TOKYO, July 19 (Bernama-BUSINESS WIRE) -- Toshiba Corporation’s (TOKYO: 6502) Storage & Electronic Devices Solutions Company today announced the addition of three new products to its line-up of photorelays that can replace mechanical relays in industrial applications, including an industry-leading[1] 5A large drive current for DIP8 package photorelays. Shipments of the new products, “TLP3547”, “TLP3548” and “TLP3549”, start from today.
“TLP3547” is a 60V product with an industry-leading[1] 5A (max.) large drive current for a DIP8 package photorelay. “TLP3548” is a 400V product with 0.4A (max.) drive current and high-speed switching of 1ms (max.). “TLP3549” is the industry’s first[2] photorelay to utilize a super-junction structure MOSFET, “DTMOS series”, and is a 600V product with 0.6A (max.) drive current.
http://mrem.bernama.com/viewsm.php?idm=27184
TOKYO, July 19 (Bernama-BUSINESS WIRE) -- Toshiba Corporation’s (TOKYO: 6502) Storage & Electronic Devices Solutions Company today announced the addition of three new products to its line-up of photorelays that can replace mechanical relays in industrial applications, including an industry-leading[1] 5A large drive current for DIP8 package photorelays. Shipments of the new products, “TLP3547”, “TLP3548” and “TLP3549”, start from today.
“TLP3547” is a 60V product with an industry-leading[1] 5A (max.) large drive current for a DIP8 package photorelay. “TLP3548” is a 400V product with 0.4A (max.) drive current and high-speed switching of 1ms (max.). “TLP3549” is the industry’s first[2] photorelay to utilize a super-junction structure MOSFET, “DTMOS series”, and is a 600V product with 0.6A (max.) drive current.
http://mrem.bernama.com/viewsm.php?idm=27184
BARRY CALLEBAUT SELECTS DESCARTES TO ENHANCE GLOBAL TRANSPORTATION MANAGEMENT
WATERLOO, Ontario, July 19 (Bernama-GLOBE NEWSWIRE) -- Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, announced that Barry Callebaut Group, a world leading manufacturer of high-quality chocolate and cocoa products, has selected Descartes’ cloud-based transportation management solution to enhance its global shipping processes, performance, and visibility.
“Barry Callebaut operates 52 factories across four continents and serves customers in more than 100 countries. We needed a transportation management solution to automate existing manual processes in order to operate more efficiently and better track the thousands of containers we ship annually,” said Martin Kaeshammer, Cocoa Planner - Global Planning Cocoa at Barry Callebaut Group. “Descartes’ solution helps us improve supply chain transparency, reduce stock-in-transit and transportation costs, better manage carrier rates and performance, and improve delivery reliability for our factories and end customers.”
HELIOS AND MATHESON ANALYTICS FILES $50 MILLION UNIVERSAL SHELF REGISTRATION STATEMENT
Shelf Registration Follows Recently Announced Merger Agreement With Zone Technologies, Inc.
NEW YORK, July 19 (Bernama-GLOBE NEWSWIRE) -- Helios and Matheson Analytics Inc. (Nasdaq:HMNY) announced today that it has filed a universal shelf registration statement on Form S-3 with the Securities and Exchange Commission ("SEC"). Under the shelf registration, once it is declared effective by the SEC, HMNY may offer and sell, from time to time, up to $50 million of a variety of its securities over the next three years.
Under the shelf registration statement, HMNY will have the flexibility to publicly offer and sell from time to time, common stock, preferred stock, warrants or any combination of such securities. HMNY may periodically offer one or more of these securities in amounts, at prices and on terms announced, if and when the securities are ever offered. The terms of any potential future offerings, along with the intended use of proceeds from the sale of any such securities offered by HMNY, will be described in detail in a prospectus supplement at the time of any such offering.
NEW YORK, July 19 (Bernama-GLOBE NEWSWIRE) -- Helios and Matheson Analytics Inc. (Nasdaq:HMNY) announced today that it has filed a universal shelf registration statement on Form S-3 with the Securities and Exchange Commission ("SEC"). Under the shelf registration, once it is declared effective by the SEC, HMNY may offer and sell, from time to time, up to $50 million of a variety of its securities over the next three years.
Under the shelf registration statement, HMNY will have the flexibility to publicly offer and sell from time to time, common stock, preferred stock, warrants or any combination of such securities. HMNY may periodically offer one or more of these securities in amounts, at prices and on terms announced, if and when the securities are ever offered. The terms of any potential future offerings, along with the intended use of proceeds from the sale of any such securities offered by HMNY, will be described in detail in a prospectus supplement at the time of any such offering.
INCREASE OF MYOPIA AND AGEING POPULATION WILL BOOST GLOBAL EYEWEAR SALES TO US$136 BILLION BY 2021
SINGAPORE, July 18 (Bernama-BUSINESS WIRE) -- Market Research Company Euromonitor International released today new data on the global eyewear industry. According to the new research, global sales of eyewear are forecast to reach US$136 billion by 2021, up from US$121 billion in 2016.
“The increasing prevalence of myopia globally and the growing ageing population are major contributors to the continuous growth in demand for eyewear,” said Eyewear Industry Analyst, Anna Cheng. “With higher demands for functional eyewear, such as office lenses, progressive lenses and digital devices lenses, competition is toughening for the leading players as more low-cost providers are introducing lower quality products marketed to provide similar functions at a much lower price,” she added.
A.M. BEST AFFIRMS RATINGS OF FOUNDATION LIFE (NZ) LIMITED
SINGAPORE, July 18 (Bernama-BUSINESS WIRE) -- A.M. Best has affirmed the financial strength rating of A- (Excellent) and the issuer credit rating (ICR) of “a-” of Foundation Life (NZ) Limited (FLNZ) (New Zealand). The outlook for each rating remains negative.
The ratings reflect FLNZ’s strong risk-adjusted capitalization, consistently positive operating performance, high quality investment assets and adequate liquidity to meet its expected claims and expenses. Moreover, a significant buffer in the form of excess assets over guaranteed liabilities is available to absorb potential unfavorable experiences through adjusting future bonus declarations of its participating policies.
Monday, 18 July 2016
LEIGH TERRY APPOINTED CEO OF IPG MEDIABRANDS APAC
NEW YORK, July 18 (Bernama-BUSINESS WIRE) -- IPG Mediabrands’ Global
CEO Henry Tajer has announced the appointment of Leigh Terry as CEO of
IPG Mediabrands in Asia Pacific. Terry is a highly regarded media
innovator and leader whose career has spanned Europe and the Pacific.
“Asia Pacific is a key priority for regional investment over the next five years,” said Tajer. “The region continues to hold enormous potential for our clients and our business and Leigh possesses the talent, experience and vision to deliver on the plans we have in place.”
He added, “Leigh is a very highly respected and effective executive who has been on our most-wanted list for quite some time and I am very excited he has chosen to join us.”
http://mrem.bernama.com/viewsm.php?idm=27164
“Asia Pacific is a key priority for regional investment over the next five years,” said Tajer. “The region continues to hold enormous potential for our clients and our business and Leigh possesses the talent, experience and vision to deliver on the plans we have in place.”
He added, “Leigh is a very highly respected and effective executive who has been on our most-wanted list for quite some time and I am very excited he has chosen to join us.”
MIC To Initiate More Economic Enhancement Programmes For Indian Community
BANTING, July 17
(Bernama) -- The MIC aims to increase economic enhancement programmes for the
Indian community and help them expand their products in the market to increase
their income.
MIC president Datuk Seri Dr S. Subramaniam said the move would be implemented by channeling various government aid and funds allocated for the Indian community every year in a more comprehensive manner.
Saturday, 16 July 2016
A.M. BEST AFFIRMS RATINGS OF TUNE PROTECT RE LTD
SINGAPORE, July 15 (Bernama-BUSINESS WIRE) -- A.M. Best has affirmed the financial strength rating of B (Good) and the issuer credit rating of "bbb " of Tune Protect Re Ltd (TPR) (Malaysia). The outlook for each rating remains stable.
The ratings reflect TPR's favorable business profile and strong operating performance. As a subsidiary of Tune Protect Group Berhad (TPG) and an affiliate of AirAsia Berhad and its associates (AirAsia Group), TPR has exclusive access to a profitable travel insurance portfolio derived primarily from the AirAsia Group via its partnership with cedents and distribution partners. This competitive advantage has allowed TPR to achieve strong and stable combined ratios of below 50% between 2012 and 2015, while growing revenue and profits.
The ratings reflect TPR's favorable business profile and strong operating performance. As a subsidiary of Tune Protect Group Berhad (TPG) and an affiliate of AirAsia Berhad and its associates (AirAsia Group), TPR has exclusive access to a profitable travel insurance portfolio derived primarily from the AirAsia Group via its partnership with cedents and distribution partners. This competitive advantage has allowed TPR to achieve strong and stable combined ratios of below 50% between 2012 and 2015, while growing revenue and profits.
Friday, 15 July 2016
TOSHIBA LAUNCHES NEW ICS FOR BLUETOOTH® SMART DEVICES WITH INDUSTRY-LEADING-CLASS LOW CURRENT CONSUMPTION
TOKYO, July 14 (Bernama-BUSINESS WIRE) -- Toshiba Corporation's (TOKYO: 6502) Storage & Electronic Devices Solutions Company today announced the launch of three new ICs "TC35678FSG", "TC35678FXG" and "TC35679FSG" as additions to its line-up of ICs that support Bluetooth® Low Energy (LE)[1] ver.4.1 communications. At 3V supply voltage, the new ICs consume just under half the power of Toshiba's previous products[2], and realize current consumption on par with the lowest in the industry[3]. Sample shipments start today, with mass production scheduled to start by the end of 2016 for "TC35678FXG" and in early 2017 for the other two ICs.
AFLES 2016 Aims To Enrich ASEAN Students With Leadership Capabilities
NILAI, July 15 (Bernama) -- The 4th ASEAN Future Leaders Summit, which was officially opened here today, aims to enrich participating students from the ASEAN universities and other universities with leadership capabilities.
The 10-day AFLES 2016, which began last Wednesday with 170 delegates from the 10 ASEAN countries and Pakistan, aspires to nurture, train and educate the leaders of tomorrow in higher learning institutions towards better interdependence, policy making and a sustainable future.
MEDIA PARTNERS ASIA: ASIA PACIFIC PAY-TV INDUSTRY FACES SLOWING GROWTH
HONG KONG & SINGAPORE, July 15 (Bernama-BUSINESS WIRE) -- The Asia-Pacific pay-TV industry will grow at a 5.8% average
annual rate from 2016 to 2021, according to a new report, Asia
Pacific Pay-TV & Broadband Markets,
published by leading industry analysts Media
Partners Asia (MPA).
MPA projects pay-TV industry sales across 18 major markets in Asia Pacific to climb from US$54 billion in 2016 to US$72 billion by 2021, rising thereafter to US$81 billion by 2025. The pace of pay-TV subscriber and revenue growth is slowing however, weakened by an economic slowdown and increasing competition from both legal and illegal alternatives. Pay-TV subscriber growth declined or substantially decelerated in Hong Kong, Indonesia, Malaysia and Singapore in particular.
NASDAQ LAUNCHES POWERFUL NEW TOOL FOR COMMUNICATIONS AND MARKETING PROFESSIONALS TO SEAMLESSLY LEVERAGE INDUSTRY INFLUENCERS
Industry Influencers Essential to Credibility of
Integrated Marketing Efforts and Successful Digital and Social Campaigns
NEW YORK, July 15 (Bernama-GLOBE NEWSWIRE) -- Nasdaq’s Corporate Solutions business (Nasdaq:NDAQ), has launched Nasdaq Influencers, a new solution designed specifically for communications and marketing professionals to discover and connect with the most relevant thought leaders in their industry and uncover new opportunities to share their news and information, insights and recommendations as well as drive brand identity and awareness.
A.M. BEST AFFIRMS RATINGS OF DONGBU INSURANCE CO., LTD.
HONG KONG, July 15
(Bernama-BUSINESS WIRE) -- A.M. Best has affirmed the financial strength rating of A
(Excellent) and the issuer credit rating of “a+” of Dongbu
Insurance Co., Ltd. (Dongbu)
(South Korea). The outlook for each rating remains stable.
The rating affirmations reflect Dongbu’s very strong risk-adjusted capitalization, favorable operating performance and sound market profile. Dongbu’s risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR), remains at a very strong level and supportive of the current ratings. Although profitability has remained stagnant in recent years primarily due to the deterioration in medical indemnity and auto insurance lines, the company’s five-year results outperformed the industry in several key financial measures as evidenced by the profitable level of its operating ratio. Profitability was mainly supported by strong net investment income and an efficient cost structure. Moreover, Dongbu continued to gradually increase its domestic market share across all three major product lines of auto, commercial and long-term insurance during the period.
Thursday, 14 July 2016
NRI PRODUCT UPGRADE FOR BASEL COMMITTEE'S NEW SA-CCR REGULATION
TOKYO, July 14 (Bernama-BUSINESS WIRE) -- Nomura Research Institute, Ltd. (NRI, TOKYO:4307), a leading provider of consulting services and system solutions, today announced that T-STAR/GX, NRI's solution for asset managers' securities operation management, will be upgraded to respond to the new standardized approach for measuring counterparty credit risk exposures (SA-CCR) under Basel III which takes effect in January 2017. The new function will be available in April 2017 and be used by multiple financial institutions in Japan including major asset managers.
The Basel Committee's final standard on the SA-CCR includes a comprehensive, non-modelled approach for measuring counterparty credit risk associated with OTC derivatives, exchange-traded derivatives, and long settlement transactions. The new standardized approach (SA-CCR) takes effect on January 1st, 2017.
The Basel Committee's final standard on the SA-CCR includes a comprehensive, non-modelled approach for measuring counterparty credit risk associated with OTC derivatives, exchange-traded derivatives, and long settlement transactions. The new standardized approach (SA-CCR) takes effect on January 1st, 2017.
BERKSHIRE HATHAWAY SPECIALTY INSURANCE COMPANY LAUNCHES PUBLIC OFFERING OF SECURITIES & EXCESS SIDE A DIC INSURANCE IN ASIA
BOSTON, July 13 (Bernama-BUSINESS WIRE) -- Berkshire Hathaway Specialty Insurance Company (BHSI) today announced that it is expanding its Executive & Professional Lines capabilities with the introduction of Executive FirstTM Public Offering of Securities Insurance (POSI) and Executive FirstTM Side A Difference In Conditions (DIC) Liability Insurance in Asia.
MINUTE MEDIA HIRES MARK MCFARLANE AS GENERAL MANAGER, ASIA-PACIFIC AND OPENS SINGAPORE OFFICE Last Updated: --
McFarlane to focus on growing Minute Media brands and commercial platforms throughout the region
LONDON, July 13 (Bernama-BUSINESS WIRE) -- Minute Media, parent company of 90min and 12up, today announced the appointment of Mark McFarlane as General Manager, Asia Pacific. A seasoned media professional, McFarlane will be responsible for growing the company's publisher relationships, engagements with brands and agencies and broader business development and strategy throughout APAC. With McFarlane's appointment, Minute Media has also opened a Singapore office, in addition to its existing office in Manila, to serve its growing brands.
LONDON, July 13 (Bernama-BUSINESS WIRE) -- Minute Media, parent company of 90min and 12up, today announced the appointment of Mark McFarlane as General Manager, Asia Pacific. A seasoned media professional, McFarlane will be responsible for growing the company's publisher relationships, engagements with brands and agencies and broader business development and strategy throughout APAC. With McFarlane's appointment, Minute Media has also opened a Singapore office, in addition to its existing office in Manila, to serve its growing brands.
NORSK TITANIUM RECEIVES BOEING ENGINEERING TEST ARTICLE ORDER
Titanium RPD™ Components to Enable Flight Certification for Boeing Commercial Airplanes
FARNBOROUGH, U.K., July 13 (Bernama-BUSINESS WIRE) -- Norsk Titanium AS, the world's pioneering supplier of aerospace-grade, additive manufactured, structural titanium components today announced it has received an order for titanium engineering test articles from The Boeing Company (NYSE: BA) produced by Norsk's proprietary Rapid Plasma Deposition™ (RPD™) process. Terms of the purchase order were not released.
"We are pleased with Boeing's thoughtful review of structural titanium components made by our RPD™ process," said Norsk Titanium President & Chief Executive Officer Warren M. Boley, Jr. "Together, we seek to create significant customer value by reducing cost and lead time from their premier commercial airplane platforms."
FARNBOROUGH, U.K., July 13 (Bernama-BUSINESS WIRE) -- Norsk Titanium AS, the world's pioneering supplier of aerospace-grade, additive manufactured, structural titanium components today announced it has received an order for titanium engineering test articles from The Boeing Company (NYSE: BA) produced by Norsk's proprietary Rapid Plasma Deposition™ (RPD™) process. Terms of the purchase order were not released.
"We are pleased with Boeing's thoughtful review of structural titanium components made by our RPD™ process," said Norsk Titanium President & Chief Executive Officer Warren M. Boley, Jr. "Together, we seek to create significant customer value by reducing cost and lead time from their premier commercial airplane platforms."
NASDAQ WELCOMES IHS MARKIT LTD. TO THE NASDAQ STOCK MARKET
Commences Trading Under New Ticker Symbol “INFO”
NEW YORK, July 14 (Bernama-GLOBE NEWSWIRE) -- Nasdaq (Nasdaq:NDAQ) announced that trading of IHS Markit Ltd. (Nasdaq:INFO) commenced on The Nasdaq Stock Market on July 13, 2016. This marks the successful merger of two companies – IHS (formerly NYSE:IHS) and Markit (formerly Nasdaq:MRKT) – creating a global leader in financial and corporate information.
HUNTER ULTRASONICS CALLS FOR A GREENER WAY TO CLEAN DIESEL ENGINE FILTERS
Environmental regulations miss the mark on reducing diesel engines' carbon emissions
TORONTO, July 13 (Bernama-BUSINESS WIRE) -- Regulations, ranging from the 2015 Paris Agreement's wide ranging guidelines to mandates on nonroad vehicles, have all aimed at reducing greenhouse gas emissions.
But as Ken Hunter, Founder and CEO of Hunter Ultrasonics, points out in a recent article, the measures to reduce pollution exclude a key part of the process - regular, thorough cleaning of engine filters.
TORONTO, July 13 (Bernama-BUSINESS WIRE) -- Regulations, ranging from the 2015 Paris Agreement's wide ranging guidelines to mandates on nonroad vehicles, have all aimed at reducing greenhouse gas emissions.
But as Ken Hunter, Founder and CEO of Hunter Ultrasonics, points out in a recent article, the measures to reduce pollution exclude a key part of the process - regular, thorough cleaning of engine filters.
Wednesday, 13 July 2016
INTL FCSTONE HIRES JASON BRAY TO LEAD ASIA-PACIFIC DAIRY PRACTICE
Move Demonstrates
INTL’s Commitment to Serving its Customers and Growing its Market Presence in
Region
NEW YORK, July 13 (Bernama-GLOBE NEWSWIRE) -- INTL FCStone Inc. (NASDAQ:INTL), a diversified global financial services organization delivering execution and advisory services in commodities, currencies, and securities, today announced that its wholly owned subsidiary, INTL FCStone Pte Ltd., has hired Jason Bray to lead its dairy practice in the Asia-Pacific region. Bray will work from INTL FCStone’s office in Singapore.
VERMILION GOES LIVE WITH REPORTING AT MAGELLAN
SYDNEY, July 11 (Bernama-BUSINESS WIRE) -- Vermilion Software ('Vermilion'), the leading global supplier of client reporting and communications software, announces that it has gone live with leading Australian investment manager Magellan Asset Management Limited ('Magellan').
Vermilion has integrated existing data sources, customised workflow and automated the re-use of data to create a more streamlined reporting solution.
Vermilion has integrated existing data sources, customised workflow and automated the re-use of data to create a more streamlined reporting solution.
NRI TO UPGRADE SMARTBRIDGE SOLUTION TO CONNECT TO JASDEC
Upgrade will enable the integration of ISO 20022 messaging standards
TOKYO, July 13 (Bernama-BUSINESS WIRE) -- Nomura Research Institute, Ltd. (NRI, TOKYO:4307), a leading provider of consulting services and system solutions, has today announced it is upgrading its SmartBridge solution to connect to Japan's Securities Depository Center, Inc. (JASDEC) new settlement system. SmartBridge, a solution for asset managers, brokerage firms, trust banks and life insurance companies, enables external straight-through processing (STP) for securities trading by allowing clients to electronically exchange messages related to all trading activity.
TOKYO, July 13 (Bernama-BUSINESS WIRE) -- Nomura Research Institute, Ltd. (NRI, TOKYO:4307), a leading provider of consulting services and system solutions, has today announced it is upgrading its SmartBridge solution to connect to Japan's Securities Depository Center, Inc. (JASDEC) new settlement system. SmartBridge, a solution for asset managers, brokerage firms, trust banks and life insurance companies, enables external straight-through processing (STP) for securities trading by allowing clients to electronically exchange messages related to all trading activity.
ENTEGRIS CELEBRATES 50 YEARS IN BUSINESS
Company traces its roots to the 1966 founding of Fluoroware
BILLERICA, Mass., July 13 (Bernama-GLOBE NEWSWIRE) -- Entegris Inc. (NASDAQ:ENTG), a leader in specialty chemicals and advanced materials solutions for the microelectronics industry, is proudly celebrating its 50th year of helping customers solve their critical materials challenges and enhance their manufacturing yields.
NTT COMMUNICATIONS LAUNCHES DIGI-PATH PREMIER INTERNET SERVICE FOR ENTERPRISES IN YANGON, MYANMAR
Obtains communication service license to deliver one-stop ICT solutions
TOKYO, July 13 (Bernama-BUSINESS WIRE) -- NTT Communications Corporation (NTT Com), the ICT solutions and international communications business within the NTT (NYSE: NTT) Group, announced today that it has received a network service license from Myanmar’s Ministry of Transport and Communications and has begun offering reliable, high-speed internet connections for enterprises throughout the Yangon area as a first phase, effective immediately.
KEIO PLAZA HOTEL TOKYO WILL OPEN NEW CLUB FLOORS "PREMIER GRAND" IN DECEMBER, 2016
Strengthening the Lineup of High End Facilities and Services
TOKYO, July 12 (Bernama-BUSINESS WIRE) -- Keio Plaza Hotel Tokyo (KPH), one of Japan's most prestigious international hotels located in Shinjuku, Tokyo, will begin renovation of 11 suite rooms and 100 club rooms. At the same time, a special Club Lounge will be opened on the upper level 45th floor of the main tower and begin operating from December, 2016. Special attention will be paid to making significant upgrades to amenities and facilities to make guest experiences at our hotel more comfortable and enjoyable. A total of JPY 2.5 billion will be spent on these renovations.
TOKYO, July 12 (Bernama-BUSINESS WIRE) -- Keio Plaza Hotel Tokyo (KPH), one of Japan's most prestigious international hotels located in Shinjuku, Tokyo, will begin renovation of 11 suite rooms and 100 club rooms. At the same time, a special Club Lounge will be opened on the upper level 45th floor of the main tower and begin operating from December, 2016. Special attention will be paid to making significant upgrades to amenities and facilities to make guest experiences at our hotel more comfortable and enjoyable. A total of JPY 2.5 billion will be spent on these renovations.
C.H. ROBINSON VOTED #1 3PL BY INBOUND LOGISTICS READERS FOR SIXTH YEAR
EDEN PRAIRIE, Minn., July 12 (Bernama-BUSINESS WIRE) -- C.H. Robinson, a global leader in third party logistics (3PL), was named the #1 3PL by readers of Inbound Logistics magazine for the sixth consecutive year.
"Our people are dedicated to providing our customers, contract carriers, suppliers, and growers with solutions and services to make their supply chain a competitive advantage," said John Wiehoff, chief executive officer at C.H. Robinson. "This honor is for our people-our 13,000 employees around the globe that demonstrate daily how C.H. Robinson believes in helping our customers work smarter, not harder."
"Our people are dedicated to providing our customers, contract carriers, suppliers, and growers with solutions and services to make their supply chain a competitive advantage," said John Wiehoff, chief executive officer at C.H. Robinson. "This honor is for our people-our 13,000 employees around the globe that demonstrate daily how C.H. Robinson believes in helping our customers work smarter, not harder."
SUB-SAHARAN AFRICAN CITIES' USD$197 BILLION MARKET: THE NEW INVESTMENT FRONTIER FOR MULTINATIONALS
CAPE TOWN, South Africa, July 12 (Bernama-BUSINESS WIRE) -- Global Market Research Company Euromonitor International released today its new white paper: "Sub-Saharan African Cities of Opportunity: Expanding Business Horizons Beyond South Africa."
According to the white paper, Sub-Saharan African cities represent the new frontier for multinational businesses. Richly gifted with natural resources, Sub-Saharan Africa has profited from surging global raw material demand. The region is seeing a growing proportion of foreign direct investments into the manufacturing and services sectors, with investment inflows amounting to US$41 billion in 2014. Furthermore, Sub-Saharan Africa has a young expanding population - it surged by 31 percent to 957 million during 2005-2015, with a median age of 18.2 years in 2015.
According to the white paper, Sub-Saharan African cities represent the new frontier for multinational businesses. Richly gifted with natural resources, Sub-Saharan Africa has profited from surging global raw material demand. The region is seeing a growing proportion of foreign direct investments into the manufacturing and services sectors, with investment inflows amounting to US$41 billion in 2014. Furthermore, Sub-Saharan Africa has a young expanding population - it surged by 31 percent to 957 million during 2005-2015, with a median age of 18.2 years in 2015.
THE 13TH CHINA-ASEAN EXPO TO BOOST CHINESE ENTERPRISES' INVESTMENT IN ASEAN
NANNING, China, July 12 (Bernama-AsiaNet) -- The China-ASEAN Expo (CAEXPO) Secretariat announced the trade and investment promotion program to be launched during this year's Expo on July 5th , so as to promote the "going global" strategy and investment of Chinese enterprises in ASEAN countries. The high-profile investment promotion conference on ASEAN's industrial parks and China-ASEAN matchmaking symposia on investment and financing projects will be given high priority during the Expo.
Tuesday, 12 July 2016
PAGNOTTA DESIGN ANNOUNCES FINAL DAYS TO REALIZE THE WORLD'S FIRST PRODUCTION 3D-PRINTED TITANIUM WRITING INSTRUMENT
NEW YORK, July 11 (Bernama-GLOBE NEWSWIRE) -- Pagnotta Design today announced the final days to obtain the P22, the world's first additively manufactured production Titanium writing instrument. Key features include:
TOURISM EXPECTED TO GROW BY 4% BY 2020, DESPITE ADVERSE EXTERNAL SHOCKWAVES
LONDON, July 11 (Bernama-BUSINESS WIRE) -- Market Research Company Euromonitor International released today its latest travel research, providing the latest insights on the industry performance.
According to Euromonitor's new research, global travel and tourism sales grew consistently despite high external shockwaves. Geopolitical tensions, whether terrorism or political concerns, have impacted the traditional sun and sea destinations in locations such as the Mediterranean Sea, with safer destinations winning out. "The substitution effect, where tour operators shift capacity away from troubled hotspots to more stable countries, is visible" says Caroline Bremner, Head of Travel Research at Euromonitor International. International arrivals declined in Egypt and Tunisia, suffering a negative growth of 25 percent and 5 percent respectively, as the travel industry and consumers shun trouble for the safer shores of Spain, Portugal and Croatia.
According to Euromonitor's new research, global travel and tourism sales grew consistently despite high external shockwaves. Geopolitical tensions, whether terrorism or political concerns, have impacted the traditional sun and sea destinations in locations such as the Mediterranean Sea, with safer destinations winning out. "The substitution effect, where tour operators shift capacity away from troubled hotspots to more stable countries, is visible" says Caroline Bremner, Head of Travel Research at Euromonitor International. International arrivals declined in Egypt and Tunisia, suffering a negative growth of 25 percent and 5 percent respectively, as the travel industry and consumers shun trouble for the safer shores of Spain, Portugal and Croatia.
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