SINGAPORE, Aug 30 (Bernama-BUSINESS WIRE) -- Intercontinental Exchange (NYSE:ICE), a leading operator of global network of exchanges and clearing houses and provider of global data and listing services, today announced that SinoPac has been approved as a member of ICE Futures Singapore, effective immediately.
SinoPac Futures Corporation, a subsidiary of SinoPac Holdings, was founded in 1994 and specializes in conducting futures transactions for both itself and its clients.
http://mrem.bernama.com/viewsm.php?idm=29921
Thursday 31 August 2017
INTERNATIONAL ARRIVALS TO AFRICA REACH MORE THAN 18 MILLION IN 2017 - DRIVEN BY DIGITALISATION AND NICHE TOURISM
CAPE TOWN, South Africa, Aug 30 (Bernama-BUSINESS WIRE) -- Market Research Company Euromonitor International revealed today the key trends shaping travel and tourism in Africa at the 41st Annual World Tourism Conference in Kigali, Rwanda.
According to Euromonitor International’s new data, international arrivals to Africa grew by 6.5 percent in 2017, to reach 18,550 million, up from 16,351 million in 2012. Key markets such as South Africa, Kenya, Nigeria, Mozambique, Cameroon, Mauritius and Tanzania accounted for 70 percent of international trips to the Sub-Saharan African region.
This growth can be attributed to digital integration and increasing interaction between hotels, airlines, and car rental companies, using platforms such as social media, meta-search engines and the penetration of online travel agents. Other drivers include a growing short-term rental market, luxury travel, niche tourism, Meetings Incentives Conferences Exhibitions (MICE) and an increasing focus on domestic tourism.
“Many countries are moving away from only promoting Africa as a traditional safari destination, exploring other niche categories such as beach and medical tourism. The travel and tourism market continues to introduce products that suit different type of travellers, accounting for strong growth in major cities across Sub-Saharan Africa,” says Euromonitor Research Analyst Christy Tawii.
Euromonitor predicts that growth in international arrivals to Sub-Saharan Africa will reach 25,000 million trips by 2022. Arrivals to Africa are expected to see continued growth, driven by increased interest from overseas visitors due to competitive rates in comparison to other destinations with a similar offer. Aggressive brand marketing campaigns and the introduction of new and increased direct air connectivity to and from major overseas markets, is also expected to boost inbound arrivals to the region. Key economies such as South Africa and Nigeria can expect strong growth in inbound trips.
For more information, please visit: http://blog.euromonitor.com/2017/02/economies-2017-top-10-african-cities-growth-2017.html
About Euromonitor International
Euromonitor International is the world’s leading provider for global business intelligence and strategic market analysis. We have more than 40 years of experience publishing international market reports, business reference books and online databases on consumer markets.
This growth can be attributed to digital integration and increasing interaction between hotels, airlines, and car rental companies, using platforms such as social media, meta-search engines and the penetration of online travel agents. Other drivers include a growing short-term rental market, luxury travel, niche tourism, Meetings Incentives Conferences Exhibitions (MICE) and an increasing focus on domestic tourism.
“Many countries are moving away from only promoting Africa as a traditional safari destination, exploring other niche categories such as beach and medical tourism. The travel and tourism market continues to introduce products that suit different type of travellers, accounting for strong growth in major cities across Sub-Saharan Africa,” says Euromonitor Research Analyst Christy Tawii.
Euromonitor predicts that growth in international arrivals to Sub-Saharan Africa will reach 25,000 million trips by 2022. Arrivals to Africa are expected to see continued growth, driven by increased interest from overseas visitors due to competitive rates in comparison to other destinations with a similar offer. Aggressive brand marketing campaigns and the introduction of new and increased direct air connectivity to and from major overseas markets, is also expected to boost inbound arrivals to the region. Key economies such as South Africa and Nigeria can expect strong growth in inbound trips.
For more information, please visit: http://blog.euromonitor.com/2017/02/economies-2017-top-10-african-cities-growth-2017.html
About Euromonitor International
Euromonitor International is the world’s leading provider for global business intelligence and strategic market analysis. We have more than 40 years of experience publishing international market reports, business reference books and online databases on consumer markets.
Contacts
Euromonitor International
Ayesha Makuyi
Communications Executive
Tel: +27 21 524 3000
Ayesha.Makuyi@euromonitor.com
Ayesha Makuyi
Communications Executive
Tel: +27 21 524 3000
Ayesha.Makuyi@euromonitor.com
Source: Euromonitor International
LONGMEN: A MOUNTAINOUS COUNTY TURNS INTO CHINA'S EXEMPLARY ARTSY PLACE
LONGMEN, China, Aug. 30, 2017 /Xinhua-AsiaNet/--
Longmen, a mountainous county with beautiful scenery, a blend of civilization and ancient culture, has become a good example of high quality living circle based on the Guangdong-Hong Kong-Macao Greater Bay Area to build up an artsy place. Blessed with green vacation, healthy hot spring, pastoral scenery and folk customs, the flourishing tourism opens a new window for the county development. According to statistics, the annual tourism revenue of Longmen reached 4.93 billion RMB in 2016, with a year-on-year growth of 34.3%.
Subordinated to Guangdong province, Longmen, a historical county lying in the core zone of the Guangdong-Hong Kong-Macao Greater Bay Area, is known as "an oasis on the Tropic of Cancer". As a mountainous county with hills accounted for more than 73% of the total area, and the forest coverage rate of 76.6%, Longmen enjoys the names of "the most beautiful cultural and ecological tourism county" and "hometown of Chinese folk culture and art", and is one of the best areas in the Pearl River Delta in terms of ecological environment. All these culture evolutions have been significantly marked down by the farmer painting.
http://mrem.bernama.com/viewsm.php?idm=29922
Longmen, a mountainous county with beautiful scenery, a blend of civilization and ancient culture, has become a good example of high quality living circle based on the Guangdong-Hong Kong-Macao Greater Bay Area to build up an artsy place. Blessed with green vacation, healthy hot spring, pastoral scenery and folk customs, the flourishing tourism opens a new window for the county development. According to statistics, the annual tourism revenue of Longmen reached 4.93 billion RMB in 2016, with a year-on-year growth of 34.3%.
Subordinated to Guangdong province, Longmen, a historical county lying in the core zone of the Guangdong-Hong Kong-Macao Greater Bay Area, is known as "an oasis on the Tropic of Cancer". As a mountainous county with hills accounted for more than 73% of the total area, and the forest coverage rate of 76.6%, Longmen enjoys the names of "the most beautiful cultural and ecological tourism county" and "hometown of Chinese folk culture and art", and is one of the best areas in the Pearl River Delta in terms of ecological environment. All these culture evolutions have been significantly marked down by the farmer painting.
http://mrem.bernama.com/viewsm.php?idm=29922
Wednesday 30 August 2017
MHIET RECEIVES ORDER FOR 147 DIESEL GENSETS TO SERVE AS STAND-ALONE POWER SYSTEMS IN INDONESIA
-- Units Destined for 22 Districts on Kalimantan and Sulawesi --
TOKYO, Aug 30 (Bernama-BUSINESS WIRE) -- Mitsubishi Heavy Industries Engine & Turbocharger, Ltd. (MHIET), a Group company of Mitsubishi Heavy Industries, Ltd. (MHI) (TOKYO:7011), has received an order for 147 units of its MGS Series gensets, the core lineup in the company’s diesel power plant offerings, from PT PLN (Persero), a state-owned electricity provider in Indonesia. The gensets are to serve as stand-alone power systems, a mode of power supply especially useful in Indonesia, a country comprising thousands of islands. Plans call for the units to progressively go into service in 22 districts of Kalimantan and Sulawesi by mid-2018.
http://mrem.bernama.com/viewsm.php?idm=29930
TOKYO, Aug 30 (Bernama-BUSINESS WIRE) -- Mitsubishi Heavy Industries Engine & Turbocharger, Ltd. (MHIET), a Group company of Mitsubishi Heavy Industries, Ltd. (MHI) (TOKYO:7011), has received an order for 147 units of its MGS Series gensets, the core lineup in the company’s diesel power plant offerings, from PT PLN (Persero), a state-owned electricity provider in Indonesia. The gensets are to serve as stand-alone power systems, a mode of power supply especially useful in Indonesia, a country comprising thousands of islands. Plans call for the units to progressively go into service in 22 districts of Kalimantan and Sulawesi by mid-2018.
http://mrem.bernama.com/viewsm.php?idm=29930
HDC'S CEO TAKES THE BRANDLAUREATE MOST EMINENT BRAND ICON LEADERSHIP AWARD IN HALAL INDUSTRY
KUALA LUMPUR, Aug 29 (Bernama) -- Halal Industry Development Corporation (HDC), an agency under the Ministry of International Trade and Industry announced today that its Chief Executive Officer / Managing Director, Dato’ Seri Jami Bidin, has received the award of the “Most Eminent Brand ICON Leadership Award” during the BrandLaureate Brand ICON Leadership Awards 2017 held here on 28 August 2017.
This award acknowledges Dato’ Seri Jamil’s vision, dedication and commitment towards helming the development of Malaysia’s Halal Industry. HDC’s relentless efforts in developing this industry started in 2006 when it was established. It then embarked on the Halal Industry Development Master Plan (HIMP) 2008-2020, aiming to drive Halal as a new source of economic growth. This is in line with the Government’s efforts to diversify our economic activities of which Halal exports now has contributed to 7% of total exports value and is increasing yearly. Credit also goes to our former Prime Minister YABhg Tun Abdullah Badawi who was instrumental in providing leadership to promote the Halal agenda in Malaysia and also throughout the world. According to HDC’s CEO, Malaysia and HDC will not rest on its laurels and will continue to be committed towards developing the halal sector and intensifying high valued-added activities within the industry. The country spotted the potential of the Halal economy very early on, and over the decades has nurtured a Halal eco-system that has placed Malaysia in the forefront of this burgeoning industry. Malaysia is also committed in the pursuit of Halal Agenda and this is reflected through the formation of the National Halal Council which is chaired by YAB Dato’ Sri Dr. Ahmad Zahid Hamidi, the Deputy Prime Minister of Malaysia. Our approach is holistic, our mission is singular: to make Malaysia the Global Halal leader. ABOUT HALAL INDUSTRY DEVELOPMENT CORPORATION SDN BHD (HDC) Halal Means Business The Halal Industry Development Corporation (HDC) was established on 18 September 2006 to coordinate the overall development of the Halal industry in Malaysia. HDC is an agency under the Ministry of International Trade and Industry (MITI). HDC is Malaysia's holistic response to the worldwide demand for better quality products and services as consumers gain confidence in the Halal process. Its key thrusts are to promote Halal standards; facilitate capacity- building for halal products and services; promote growth and participation of Malaysian companies in the trillion dollar global halal market. Today, there is an estimated population of 1.8 billion Muslims worldwide. The global halal market is currently estimated at USD2.3 trillion covering both food and non-food sectors. |
A.M. BEST COMMENTS ON CREDIT RATINGS OF FIRST CAPITAL INSURANCE LIMITED
SINGAPORE, Aug 30 (Bernama-BUSINESS WIRE) -- A.M. Best has commented that the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” of First Capital Insurance Limited (First Capital) (Singapore) remain unchanged following the recent announcement that the company will be acquired.
Mitsui Sumitomo Insurance Company, Limited will acquire a 97.7% stake in First Capital from Fairfax Financial Holdings Limited. Funding for the acquisition is expected to come from cash-on-hand. First Capital’s day-to-day operations are likely to continue as normal in the near term.
http://mrem.bernama.com/viewsm.php?idm=29918
Mitsui Sumitomo Insurance Company, Limited will acquire a 97.7% stake in First Capital from Fairfax Financial Holdings Limited. Funding for the acquisition is expected to come from cash-on-hand. First Capital’s day-to-day operations are likely to continue as normal in the near term.
http://mrem.bernama.com/viewsm.php?idm=29918
Tuesday 29 August 2017
IE EXPO GUANGZHOU 2017 TO OPEN IN SEPTEMBER, BRINGING LATEST TECHNOLOGIES AND MORE OPPORTUNITIES TO SOUTHEAST ASIA'S ENVIRONMENTAL MARKET
SHANGHAI, Aug 29 (Bernama-BUSINESS WIRE) -- IE expo Guangzhou 2017, South China’s leading environmental technology expo for water, waste, air and soil, will open on September 20-22 at China Import & Export Fair Complex, Guangzhou, China. Presented by IE expo and Guangdong Association of Environmental Protection Industry, IE expo Guangzhou was admitted as a formal member of IFAT in 2016 and is committed to building a trade platform with high quality and professionalism in the environment sector targeting South China and Southeastern Asia markets.
This year, with an exhibition area of 30,000m2, it is expected to attract over 30,000 professional purchasers and 450 exhibitors displaying products and technologies in 15 categories including water & sewage treatment, water distribution & sewers, sponge city technologies & products, waterbody protection, refuse management & recycling, air purification & cleaning, noise reduction & sound insulation, soil & groundwater remediation, etc.
In addition, the Innovation Technology Conference, which comprises the main forum and multiple summits and seminars focusing on various issues like South China Water Pollution Prevention & Control, Guangdong Key Industries Volatile Organic Compound (VOCs) Control & Monitoring Technology, Environmental Sanitation Development, Environmental Investment & Financing Innovation Policy, etc. will also be held to discuss a wide range of topics and share insights on the latest development and trend in the environment sector. In particular, three business matchmaking meetings and an international B2B meeting will be arranged to attract delegations from Southeast Asia, Europe, North America, South America and Africa.
In addition, the Innovation Technology Conference, which comprises the main forum and multiple summits and seminars focusing on various issues like South China Water Pollution Prevention & Control, Guangdong Key Industries Volatile Organic Compound (VOCs) Control & Monitoring Technology, Environmental Sanitation Development, Environmental Investment & Financing Innovation Policy, etc. will also be held to discuss a wide range of topics and share insights on the latest development and trend in the environment sector. In particular, three business matchmaking meetings and an international B2B meeting will be arranged to attract delegations from Southeast Asia, Europe, North America, South America and Africa.
SUNDANCE ENERGY AUSTRALIA LIMITED PROVIDES PRODUCTION UPDATE FOLLOWING HURRICANE HARVEY
DENVER, Aug 29 (Bernama-GLOBE NEWSWIRE) -- Sundance Energy Australia Limited (ASX:SEA) (NASDAQ:SNDE) (“Sundance” or the “Company”), a U.S. onshore oil and gas exploration and production company focused in the Eagle Ford in South Texas, shut in approximately 75% of its Eagle Ford production on Friday, August 25, 2017 in the United States to ensure the safety its local employees and protect from potential environmental and equipment damage due to Hurricane Harvey. Forecasted high winds of over 140 miles per hour and over 40 inches of rain are expected to cause catastrophic flooding. The hurricane has caused the majority of midstream and downstream natural gas and crude oil infrastructure to be shut down across the Texas Gulf Coast.
http://mrem.bernama.com/viewsm.php?idm=29911
http://mrem.bernama.com/viewsm.php?idm=29911
PALO ALTO STARTUP 8TH WALL LAUNCHES CROSS-PLATFORM TOOLS FOR MOBILE AR
8th Wall XR provides a single solution for developing AR apps on all iOS and Android phones
PALO ALTO, Calif., Aug. 29 (Bernama-GLOBE NEWSWIRE) -- 8th Wall, Inc. announced today 8th Wall XR, the world's first Augmented Reality (AR) platform that works on all commonly available iOS and Android phones and integrates seamlessly with ARKit (Apple) and Tango (Google).
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/51163dc6-2e25-4f8d-a653-d797786f1e26
Founded in August 2016, 8th Wall is a Palo Alto startup made up of an all-star team of ex-Google and Facebook engineers with extensive experience in computer vision, machine learning and product development. Passionate about AR, the team believes that the shift to widespread AR adoption will start with today's mobile phones. As a result they have been working on a suite of native tools that make it effortless to develop AR applications for mobile.
http://mrem.bernama.com/viewsm.php?idm=29910
PALO ALTO, Calif., Aug. 29 (Bernama-GLOBE NEWSWIRE) -- 8th Wall, Inc. announced today 8th Wall XR, the world's first Augmented Reality (AR) platform that works on all commonly available iOS and Android phones and integrates seamlessly with ARKit (Apple) and Tango (Google).
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/51163dc6-2e25-4f8d-a653-d797786f1e26
Founded in August 2016, 8th Wall is a Palo Alto startup made up of an all-star team of ex-Google and Facebook engineers with extensive experience in computer vision, machine learning and product development. Passionate about AR, the team believes that the shift to widespread AR adoption will start with today's mobile phones. As a result they have been working on a suite of native tools that make it effortless to develop AR applications for mobile.
http://mrem.bernama.com/viewsm.php?idm=29910
ESRI'S ARCGIS HUB SHINES IN GEOSMART ASIA 2017
With an increasing number of cities worldwide adopting Esri's ArcGIS Hub, the concept is expected to usher in a new wave of Smart Cities in Asia.
KUALA LUMPUR, Aug 28 (Bernama) -- Today, cities account for more than 50 per cent of the world's population and produce 80 per cent of global Gross Domestic Product. By 2045, this figure is expected to grow by a further 1.5 times.
According to Brett Dixon, General Manager of Esri Asia Pacific, a growth pattern like this clearly indicates that the future sustainability of our communities depends on smarter governed cities.
KUALA LUMPUR, Aug 28 (Bernama) -- Today, cities account for more than 50 per cent of the world's population and produce 80 per cent of global Gross Domestic Product. By 2045, this figure is expected to grow by a further 1.5 times.
According to Brett Dixon, General Manager of Esri Asia Pacific, a growth pattern like this clearly indicates that the future sustainability of our communities depends on smarter governed cities.
Monday 28 August 2017
USERS RECOMMEND HMINERS MINING RIGS FOR FAST AND GUARANTEED ROI
Hminers, a trusted manufacturer of cryptocurrency mining products, has recently hit the headlines with their three multi-algorithm mining rigs. Numerous users have already recommended these products for a guaranteed return on investment within less than a month.
MIAMI, Aug 28 (Bernama-GLOBE NEWSWIRE) -- Hminers continues to strengthen their position in the rapidly growing global industry for cryptocurrencies, with their advanced range of mining rigs. Within a relatively short lifespan in the highly competitive market, three extremely efficient mining rigs from the company have received a promising response from several users. These users suggest that the mining rigs from www.Hminers.com have provided them fast and guaranteed return on their investment.
http://mrem.bernama.com/viewsm.php?idm=29901
MIAMI, Aug 28 (Bernama-GLOBE NEWSWIRE) -- Hminers continues to strengthen their position in the rapidly growing global industry for cryptocurrencies, with their advanced range of mining rigs. Within a relatively short lifespan in the highly competitive market, three extremely efficient mining rigs from the company have received a promising response from several users. These users suggest that the mining rigs from www.Hminers.com have provided them fast and guaranteed return on their investment.
http://mrem.bernama.com/viewsm.php?idm=29901
A.M. BEST REVISES OUTLOOKS TO STABLE FOR PVI REINSURANCE JOINT-STOCK CORPORATION
SINGAPORE, Aug 28 (Bernama-BUSINESS WIRE) -- A.M. Best has revised the outlooks to stable from positive and affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” of PVI Reinsurance Joint-stock Corporation (PVI Re) (Vietnam).
In April 2013, A.M. Best revised the outlooks to positive from stable in consideration of plans for capital injections into PVI Re. Since then, the company’s capital position has been well below the levels presented originally. The company’s presence in Vietnam’s reinsurance market remains limited, and it relies significantly on its sister company, PVI Insurance Corporation (PVI Insurance), for business volumes. At the same time, the environment for oil- and gas-related insurance business has become increasingly challenging due to low energy prices. The revision of the outlooks to stable from positive reflects these developments.
http://mrem.bernama.com/viewsm.php?idm=29902
In April 2013, A.M. Best revised the outlooks to positive from stable in consideration of plans for capital injections into PVI Re. Since then, the company’s capital position has been well below the levels presented originally. The company’s presence in Vietnam’s reinsurance market remains limited, and it relies significantly on its sister company, PVI Insurance Corporation (PVI Insurance), for business volumes. At the same time, the environment for oil- and gas-related insurance business has become increasingly challenging due to low energy prices. The revision of the outlooks to stable from positive reflects these developments.
http://mrem.bernama.com/viewsm.php?idm=29902
Friday 25 August 2017
GRAMINEX L.L.C. OPENS NEW OFFICE IN SEOUL, KOREA, GRAMINEX KOREA CO., LTD.
SAGINAW, Mich., Aug 25 (Bernama-BUSINESS WIRE) -- Graminex® LLC, producer of Graminex® Flower Pollen Extracts™, is pleased to announce the opening of Graminex® Korea Co., Ltd. Sun-Ho Frank Kim, Ph.D. has been appointed Managing Director of the local office in Seoul, Korea.
Dr. Sun-Ho Frank Kim has extensive international experience in the pharmaceutical, dietary supplement and food industries. Prior to joining Graminex®, Dr. Sun-Ho Frank Kim, held the position of Director at Kunpoong Bio, Branch Manager at US based TSI Health Science and Business Executive Advisor at CJ CheilJedang, developing and implementing sales and marketing strategies. Additionally, Dr. Sun-Ho Frank Kim, brings his scientific background and KFDA experience to Graminex®. Dr. Sun-Ho Frank Kim earned a Doctor of Science degree in Biomaterial Sciences from Yonsei University, Korea.
http://mrem.bernama.com/viewsm.php?idm=29887
Dr. Sun-Ho Frank Kim has extensive international experience in the pharmaceutical, dietary supplement and food industries. Prior to joining Graminex®, Dr. Sun-Ho Frank Kim, held the position of Director at Kunpoong Bio, Branch Manager at US based TSI Health Science and Business Executive Advisor at CJ CheilJedang, developing and implementing sales and marketing strategies. Additionally, Dr. Sun-Ho Frank Kim, brings his scientific background and KFDA experience to Graminex®. Dr. Sun-Ho Frank Kim earned a Doctor of Science degree in Biomaterial Sciences from Yonsei University, Korea.
http://mrem.bernama.com/viewsm.php?idm=29887
HERBALIFE NUTRITION EXTENDS TITLE SPONSORSHIP FOR BALI INTERNATIONAL TRIATHLON 2017
JAKARTA, Indonesia, Aug 24 (Bernama-BUSINESS WIRE) -- Global nutrition company, Herbalife has been named as the title sponsor of the Bali International Triathlon for the third consecutive year. Called the Herbalife Bali International Triathlon 2017, the event will be held at Mertasari Beach in Sanur, Bali on Sunday, October 15.
“We are proud to return as the title sponsor of the Bali International Triathlon for the third time running. The sports sponsorship exemplifies our commitment to a healthy, active life, supported by good nutrition,” said Shobie Ann King, Vice President, Southeast Asia at Herbalife Nutrition. “We have been supporting the Bali International Triathlon since its inception in 2007, and are delighted to see the event has grown from strength to strength. We look forward to working closely with the organisers to spread our messages on good nutrition to as many people as possible.”
Over 2,000 participants are expected to take part in this year’s race, including Indonesia’s national athlete, Jauhari Johan. An Herbalife Nutrition sponsored athlete, Johan will also be representing Indonesia in the triathlon event at the 29thSoutheast Asian Games in Malaysia this month.
As the title sponsor, Herbalife Nutrition will provide all Herbalife Bali International Triathlon 2017 participants with its nutrition products during pre-event training sessions and coaching clinics. In addition, Herbalife Nutrition will be offering a taste of its Formula 1 Nutritional Shake Mix and NRG tea to participants at the five booths set up across the competition venue, where participants will also be able to receive complimentary body fat and glycemic index analyses.
The Bali International Triathlon has grown in popularity and was recently named as one of the “Best Triathlon Races in Asia 2016” by AsiaTri.com, an Asian triathlon online magazine. This year’s race comprises the following race categories:
Over 2,000 participants are expected to take part in this year’s race, including Indonesia’s national athlete, Jauhari Johan. An Herbalife Nutrition sponsored athlete, Johan will also be representing Indonesia in the triathlon event at the 29thSoutheast Asian Games in Malaysia this month.
As the title sponsor, Herbalife Nutrition will provide all Herbalife Bali International Triathlon 2017 participants with its nutrition products during pre-event training sessions and coaching clinics. In addition, Herbalife Nutrition will be offering a taste of its Formula 1 Nutritional Shake Mix and NRG tea to participants at the five booths set up across the competition venue, where participants will also be able to receive complimentary body fat and glycemic index analyses.
The Bali International Triathlon has grown in popularity and was recently named as one of the “Best Triathlon Races in Asia 2016” by AsiaTri.com, an Asian triathlon online magazine. This year’s race comprises the following race categories:
- Olympic Distance Course: Pool 1.5km, Bike 40km, Run 10km
- Sprint Distance Course: Pool 500m, Bike 20km, Run 5km
- 5km Fun Run
More information on the Herbalife Bali International Triathlon 2017 is available on http://balitriathlon.com/.
About Herbalife
Herbalife Nutrition is a global nutrition company whose purpose is to make the world healthier and happier. We have been on a mission for nutrition - changing people's lives with great nutrition products & programs - since 1980. Together with our Herbalife Nutrition independent members, we are committed to providing solutions to the worldwide problems of poor nutrition and obesity, an aging population, sky-rocketing public healthcare costs and a rise in entrepreneurs of all ages. We offer high-quality, science-backed products, most of which are produced in Company-operated facilities, one-on-one coaching with an Herbalife Nutrition independent member, and a supportive community approach that inspires customers to embrace a healthier, more active lifestyle.
Our targeted nutrition, weight-management, energy and fitness and personal care products are available exclusively to and through dedicated Herbalife Nutrition members in more than 90 countries.
Through our corporate social responsibility efforts, Herbalife Nutrition supports the Herbalife Family Foundation (HFF) and our Casa Herbalife programs to help bring good nutrition to children in need. We are also proud to sponsor more than 190 world-class athletes, teams and events around the globe, including Cristiano Ronaldo, the LA Galaxy, and numerous Olympic teams.
Herbalife Nutrition has over 8,000 employees worldwide, and is traded on the New York Stock Exchange (NYSE:HLF) with net sales of approximately US$4.5 billion in 2016. To learn more, visit Herbalife.com or IAmHerbalife.com. Financial information is available on ir.herbalife.com.
About Herbalife
Herbalife Nutrition is a global nutrition company whose purpose is to make the world healthier and happier. We have been on a mission for nutrition - changing people's lives with great nutrition products & programs - since 1980. Together with our Herbalife Nutrition independent members, we are committed to providing solutions to the worldwide problems of poor nutrition and obesity, an aging population, sky-rocketing public healthcare costs and a rise in entrepreneurs of all ages. We offer high-quality, science-backed products, most of which are produced in Company-operated facilities, one-on-one coaching with an Herbalife Nutrition independent member, and a supportive community approach that inspires customers to embrace a healthier, more active lifestyle.
Our targeted nutrition, weight-management, energy and fitness and personal care products are available exclusively to and through dedicated Herbalife Nutrition members in more than 90 countries.
Through our corporate social responsibility efforts, Herbalife Nutrition supports the Herbalife Family Foundation (HFF) and our Casa Herbalife programs to help bring good nutrition to children in need. We are also proud to sponsor more than 190 world-class athletes, teams and events around the globe, including Cristiano Ronaldo, the LA Galaxy, and numerous Olympic teams.
Herbalife Nutrition has over 8,000 employees worldwide, and is traded on the New York Stock Exchange (NYSE:HLF) with net sales of approximately US$4.5 billion in 2016. To learn more, visit Herbalife.com or IAmHerbalife.com. Financial information is available on ir.herbalife.com.
Contacts
Herbalife
Media Enquiries:
Daliea Mohamad-Liauw, +852 3589 2643
VP, Corporate Communications, Herbalife Nutrition Asia Pacific
dalieal@herbalife.com
Media Enquiries:
Daliea Mohamad-Liauw, +852 3589 2643
VP, Corporate Communications, Herbalife Nutrition Asia Pacific
dalieal@herbalife.com
Source: Herbalife
PAYBYPHONE APPOINTS FRANCIS DUPUIS AS NEW CEO
VANCOUVER, British Columbia, Aug 24 (Bernama-GLOBE NEWSWIRE) --PayByPhone, the global leader in mobile parking payments, today announced that it has appointed Francis Dupuis as President and Chief Executive Officer effective August 23rd, 2017. Kush Parikh, former President and CEO, has stepped down from the role after his successful 3.5-year term with the business. During his time at PayByPhone, Kush led the business to profitability, established a strong focus on end customers and was pivotal in its ground-breaking sale to Volkswagen Financial Services.
“With more than 20 years of experience in the software industry and a deep product background, Francis is exactly the kind of leader we need to further grow and innovate in the parking market on an international scale,” said Stefan Imme, Head of M&A and Investment Management at Volkswagen Financial Services AG.
Francis, a long-standing member of the executive team at PayByPhone, takes the reins at a pivotal time for the company. The recent acquisition of PayByPhone by Volkswagen Financial Service AG gives the PayByPhone team unprecedented access to the automotive industry at a time when smart parking and smart city initiatives are booming.
"I'm very excited about the opportunity we have to build on our history of innovation and continue to drive the transformation of the parking industry," Francis Dupuis said. "We’re extremely well poised to grow the business to its true potential."
ABOUT PAYBYPHONE
PayByPhone is one of the fastest growing mobile payments companies in the world, processing more than $325 million in payments annually. Through the company's mobile web, smartphone and smartwatch applications, PayByPhone helps millions of consumers easily and securely pay for parking without the hassles of waiting in line, having to carry change or risking costly fines.
Thomas Nguyen, Marketing Manager
tnguyen@paybyphone.com
Source : PayByPhone
--BERNAMA
“With more than 20 years of experience in the software industry and a deep product background, Francis is exactly the kind of leader we need to further grow and innovate in the parking market on an international scale,” said Stefan Imme, Head of M&A and Investment Management at Volkswagen Financial Services AG.
Francis, a long-standing member of the executive team at PayByPhone, takes the reins at a pivotal time for the company. The recent acquisition of PayByPhone by Volkswagen Financial Service AG gives the PayByPhone team unprecedented access to the automotive industry at a time when smart parking and smart city initiatives are booming.
"I'm very excited about the opportunity we have to build on our history of innovation and continue to drive the transformation of the parking industry," Francis Dupuis said. "We’re extremely well poised to grow the business to its true potential."
ABOUT PAYBYPHONE
PayByPhone is one of the fastest growing mobile payments companies in the world, processing more than $325 million in payments annually. Through the company's mobile web, smartphone and smartwatch applications, PayByPhone helps millions of consumers easily and securely pay for parking without the hassles of waiting in line, having to carry change or risking costly fines.
Thomas Nguyen, Marketing Manager
tnguyen@paybyphone.com
Source : PayByPhone
--BERNAMA
HELLMANN'S TEAMS UP WITH STARTUP QUIQUP TO ENGAGE WITH A NEW MILLENNIAL AUDIENCE
Hellmann’s tests new direct-to-consumer model with on demand delivery service Quiqup in a collaboration connected by Unilever Foundry
LONDON, Aug 24 (Bernama-BUSINESS WIRE) -- Global dressings brand, Hellmann’s, has partnered with on-demand delivery startup Quiqup to deliver fresh ingredients to consumers at the click of a finger.
Launching its first foray into the direct-to-consumer space, Hellmann’s is working with Quiqup to launch on-demand recipe delivery via the Quiqup platform and app. Targeting shoppers who are likely to make ‘impulse purchases’, the service allows consumers to choose their favourite recipe and get all the fresh ingredients delivered to them directly within an hour.
The innovative partnership is an opportunity for Hellmann’s to engage with its consumers in a new way and will initially target the London area. The pilot allows the brand to address an unmet consumer need, taking advantage of the growing trend in the consumer behaviour of buying goods on impulse.
Through the Unilever Foundry, Hellmann’s put out a brief looking for tech solutions to help the brand further engage with a digitally savvy millennial audience. Following the platform’s unique pitch-pilot-partner process, Quiqup was identified as the ideal solution to directly engage with a new audience through a new business model.
As part of Hellmann’s strategy to connect with a new generation of millennials, Quiqup will enable the brand to reach consumers through the on-demand delivery models millennials have come to expect.
Joanna Allen, Global Brand VP for Hellmann’s, commented:
“We’re very excited to be launching this service in partnership with Quiqup. We recognised that consumers are looking to technology to help make their cooking and eating habits quicker and easier. By offering consumers the opportunity to directly shop the Hellmann’s recipes, we free up consumers’ time to focus on what they enjoy most - the pleasure of eating great tasting food. As a brand that originated in a deli, it’s an important opportunity for us to return to direct-to-consumer servicing.”
Unlike most delivery services, Quiqup isn’t tied to a specific retail outlet or size of partner. The company works with a variety of retailers ranging from big name brands to independent businesses.
Bassel El Koussa, Quiqup CEO & Co-Founder, commented:
“Partnering with Hellmann’s has provided us with an entry route to collaboration with a well-established big brand. Today’s consumers have come to expect businesses to offer fast, flexible and efficient delivery options because they recognise the scarcity of time and want to make the most of what they have. Our technology enables Hellmann’s to remain relevant to new audiences and adapt to changing digital consumer lifestyles.”
For more information on the partnership please visit: https://quiqup.com/hellmanns
Unilever Foundry, a global platform for startups to collaborate with Unilever’s 400+brands, has been an entry point for innovative tech companies for over three years, piloting over 100 startups with Unilever brands in that time.
To find out more about startup collaborations with Unilever Foundry please visit: https://foundry.unilever.com/
About Quiqup
Quiqup is a London based on demand delivery service startup formed in 2014. Founded originally to let consumers order anything from its app for local same hour delivery, Quiqup has since expanded its proposition to become vertical agnostic and to providing last mile delivery to businesses.
Since its launch, the company has delivered more than 550,000 orders and with a headcount of more than 110 employees and 2,000 self-employed couriers, the business continues to grow.
About Unilever Foundry
‘Unilever Foundry’ is a global platform for partnering with the world's best startups to accelerate innovation on a global scale. It brings together Unilever, startups, and entrepreneurs to encourage innovation and create new partnerships that deliver real and meaningful business impact. Unilever Foundry focuses on the following areas: Marketing Tech & Ad Tech, Enterprise Tech, Products & Ingredients, New Business Model Innovation and Social Impact.
The Unilever Foundry provides a single entry-point for innovative startups seeking to partner with Unilever, enabling the company’s global brands to experiment with and pilot new technologies more efficiently, effectively and speedily. It provides startups and entrepreneurs the opportunity to develop and work on global projects, access mentoring from marketing professionals, and tap into funding through Unilever Ventures. Startups are invited to apply to be part of the Unilever Foundry through visiting http://foundry.unilever.com/projects . More details on Unilever’s Sustainable Living Plan can be found here: http://www.unilever.com/sustainable-living-2014/
The Unilever Foundry (Unilever.com/foundry) works closely with Unilever Ventures, the Venture capital arm of Unilever. Unilever Ventures invests in early stage companies that could become strategically relevant to Unilever and can benefit from access to Unilever’s assets and capabilities. One of the key areas of investment for Unilever Ventures is Digital Marketing, encompassing marketing services business with a focus on mobile marketing, digital media and video, social media, content creation, eCommerce, shopper marketing and big data. Recent examples include Olapic and Blissmedia.
Contacts
Launching its first foray into the direct-to-consumer space, Hellmann’s is working with Quiqup to launch on-demand recipe delivery via the Quiqup platform and app. Targeting shoppers who are likely to make ‘impulse purchases’, the service allows consumers to choose their favourite recipe and get all the fresh ingredients delivered to them directly within an hour.
The innovative partnership is an opportunity for Hellmann’s to engage with its consumers in a new way and will initially target the London area. The pilot allows the brand to address an unmet consumer need, taking advantage of the growing trend in the consumer behaviour of buying goods on impulse.
Through the Unilever Foundry, Hellmann’s put out a brief looking for tech solutions to help the brand further engage with a digitally savvy millennial audience. Following the platform’s unique pitch-pilot-partner process, Quiqup was identified as the ideal solution to directly engage with a new audience through a new business model.
As part of Hellmann’s strategy to connect with a new generation of millennials, Quiqup will enable the brand to reach consumers through the on-demand delivery models millennials have come to expect.
Joanna Allen, Global Brand VP for Hellmann’s, commented:
“We’re very excited to be launching this service in partnership with Quiqup. We recognised that consumers are looking to technology to help make their cooking and eating habits quicker and easier. By offering consumers the opportunity to directly shop the Hellmann’s recipes, we free up consumers’ time to focus on what they enjoy most - the pleasure of eating great tasting food. As a brand that originated in a deli, it’s an important opportunity for us to return to direct-to-consumer servicing.”
Unlike most delivery services, Quiqup isn’t tied to a specific retail outlet or size of partner. The company works with a variety of retailers ranging from big name brands to independent businesses.
Bassel El Koussa, Quiqup CEO & Co-Founder, commented:
“Partnering with Hellmann’s has provided us with an entry route to collaboration with a well-established big brand. Today’s consumers have come to expect businesses to offer fast, flexible and efficient delivery options because they recognise the scarcity of time and want to make the most of what they have. Our technology enables Hellmann’s to remain relevant to new audiences and adapt to changing digital consumer lifestyles.”
For more information on the partnership please visit: https://quiqup.com/hellmanns
Unilever Foundry, a global platform for startups to collaborate with Unilever’s 400+brands, has been an entry point for innovative tech companies for over three years, piloting over 100 startups with Unilever brands in that time.
To find out more about startup collaborations with Unilever Foundry please visit: https://foundry.unilever.com/
About Quiqup
Quiqup is a London based on demand delivery service startup formed in 2014. Founded originally to let consumers order anything from its app for local same hour delivery, Quiqup has since expanded its proposition to become vertical agnostic and to providing last mile delivery to businesses.
Since its launch, the company has delivered more than 550,000 orders and with a headcount of more than 110 employees and 2,000 self-employed couriers, the business continues to grow.
About Unilever Foundry
‘Unilever Foundry’ is a global platform for partnering with the world's best startups to accelerate innovation on a global scale. It brings together Unilever, startups, and entrepreneurs to encourage innovation and create new partnerships that deliver real and meaningful business impact. Unilever Foundry focuses on the following areas: Marketing Tech & Ad Tech, Enterprise Tech, Products & Ingredients, New Business Model Innovation and Social Impact.
The Unilever Foundry provides a single entry-point for innovative startups seeking to partner with Unilever, enabling the company’s global brands to experiment with and pilot new technologies more efficiently, effectively and speedily. It provides startups and entrepreneurs the opportunity to develop and work on global projects, access mentoring from marketing professionals, and tap into funding through Unilever Ventures. Startups are invited to apply to be part of the Unilever Foundry through visiting http://foundry.unilever.com/projects . More details on Unilever’s Sustainable Living Plan can be found here: http://www.unilever.com/sustainable-living-2014/
The Unilever Foundry (Unilever.com/foundry) works closely with Unilever Ventures, the Venture capital arm of Unilever. Unilever Ventures invests in early stage companies that could become strategically relevant to Unilever and can benefit from access to Unilever’s assets and capabilities. One of the key areas of investment for Unilever Ventures is Digital Marketing, encompassing marketing services business with a focus on mobile marketing, digital media and video, social media, content creation, eCommerce, shopper marketing and big data. Recent examples include Olapic and Blissmedia.
Contacts
Source: Unilever Foundry
A.M. BEST COMMENTS ON CREDIT RATINGS OF MITSUI SUMITOMO INSURANCE COMPANY, LIMITED
HONG KONG, Aug 25 (Bernama-BUSINESS WIRE) -- A.M. Best has commented that the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Rating of “aa” of Mitsui Sumitomo Insurance Company, Limited (MSI) (Japan) remain unchanged following its announced acquisition of First Capital Insurance Limited (First Capital).
This Credit Rating (rating) commentary follows MS&AD Insurance Group Holdings, Inc.’s (MS&AD) announcement on Aug. 24 2017, that its wholly owned subsidiary, MSI, has entered an agreement to acquire a 97.7% stake in First Capital from Fairfax Financial Holdings Limited.
http://mrem.bernama.com/viewsm.php?idm=29891
This Credit Rating (rating) commentary follows MS&AD Insurance Group Holdings, Inc.’s (MS&AD) announcement on Aug. 24 2017, that its wholly owned subsidiary, MSI, has entered an agreement to acquire a 97.7% stake in First Capital from Fairfax Financial Holdings Limited.
http://mrem.bernama.com/viewsm.php?idm=29891
Thursday 24 August 2017
INVESTMENT INTO VISTAJET VALUES THE BUSINESS IN EXCESS OF $2.5 BILLION
Investment from private equity firm Rhône Capital
LONDON, Aug 23 (Bernama-GLOBE NEWSWIRE) -- VistaJet today announces that it has signed a ground breaking transaction with investment funds affiliated with Rhône Capital, which have invested $150 million of cash into the business. Together with secondary acquisitions, Rhône will have a $200 million stake in VistaJet, in a transaction valuing VistaJet’s equity on a post-money basis in excess of $2.5 billion. The investment is another key milestone in VistaJet’s growth story and a major vote of confidence in the Company’s strategy and business model.
LONDON, Aug 23 (Bernama-GLOBE NEWSWIRE) -- VistaJet today announces that it has signed a ground breaking transaction with investment funds affiliated with Rhône Capital, which have invested $150 million of cash into the business. Together with secondary acquisitions, Rhône will have a $200 million stake in VistaJet, in a transaction valuing VistaJet’s equity on a post-money basis in excess of $2.5 billion. The investment is another key milestone in VistaJet’s growth story and a major vote of confidence in the Company’s strategy and business model.
INCREASED DIGITALISATION WILL BOOST SALES OF ELECTRONICS TO REACH ALMOST 700 BILLION DOLLARS IN 2022
SINGAPORE, Aug 23 (Bernama-BUSINESS WIRE) -- Euromonitor International released today new data on the global consumer electronics industry.
According to the new research, consumer electronics sales will grow by 4.4 percent in the next five years, reaching 699.8 billion dollars by 2022. Emerging markets such as China and India will lead this growth, driven by a fast-growing middle class and their growing income.
According to the new research, consumer electronics sales will grow by 4.4 percent in the next five years, reaching 699.8 billion dollars by 2022. Emerging markets such as China and India will lead this growth, driven by a fast-growing middle class and their growing income.
CROWDSTRIKE EXPANDS OPERATIONS IN APAC AND ACHIEVES STRONG GROWTH IN FIRST HALF OF 2017
Company broadens footprint in Singapore, New Zealand, India and Northern Asia; appoints key hires in Asia Pacific Region
SYDNEY, Aug 24 (Bernama-BUSINESS WIRE) --
CrowdStrike® Inc., the leader in cloud-delivered endpoint protection,
today announced the rapid expansion of its Asia Pacific (APAC)
operations on the heels of triple-digit bookings growth. The company has
established offices and headcount in key markets including Singapore,
New Zealand, India and Northern Asia. Increased demand within the APAC
region for CrowdStrike Falcon®,
the first cloud-based endpoint protection platform, continues to spike
as organizations replace legacy antivirus (AV) solutions with
next-generation technology.
CrowdStrike Falcon is the only platform that unifies next-generation AV, endpoint detection and response (EDR), and a 24/7 threat hunting service — all delivered via a single lightweight agent. With CrowdStrike Falcon, organizations can replace their AV or augment it with a full-scale endpoint protection solution, powered by a cloud-native architecture and artificial intelligence/machine learning.
While CrowdStrike opened APAC headquarters in June 2016, the organization has had customers within the region for more than four years. Since then, CrowdStrike has seen growing momentum in its business and operations, sales growth, and a rapidly expanding customer base. This May, CrowdStrike completed a $100 million Series D funding round, led by existing investor Accel along with CapitalG (formerly Google Capital), Warburg Pincus, March Capital Partners and regional investor Telstra. This round of funding will help CrowdStrike further accelerate its APAC expansion to meet the spiking demand for its Falcon platform.
In tandem with expanding operations, CrowdStrike has made multiple strategic hires to continue investment in the APAC region including regional director for India and SAARC, APAC director of Channel and Alliances, and regional Sales and Marketing managers for New Zealand, Southeast Asia and Victoria, Australia. CrowdStrike’s operations in APAC now include Australia, New Zealand, Singapore, India, and parts of Northern Asia.
Other regional milestones include:
CrowdStrike Falcon is the only platform that unifies next-generation AV, endpoint detection and response (EDR), and a 24/7 threat hunting service — all delivered via a single lightweight agent. With CrowdStrike Falcon, organizations can replace their AV or augment it with a full-scale endpoint protection solution, powered by a cloud-native architecture and artificial intelligence/machine learning.
While CrowdStrike opened APAC headquarters in June 2016, the organization has had customers within the region for more than four years. Since then, CrowdStrike has seen growing momentum in its business and operations, sales growth, and a rapidly expanding customer base. This May, CrowdStrike completed a $100 million Series D funding round, led by existing investor Accel along with CapitalG (formerly Google Capital), Warburg Pincus, March Capital Partners and regional investor Telstra. This round of funding will help CrowdStrike further accelerate its APAC expansion to meet the spiking demand for its Falcon platform.
In tandem with expanding operations, CrowdStrike has made multiple strategic hires to continue investment in the APAC region including regional director for India and SAARC, APAC director of Channel and Alliances, and regional Sales and Marketing managers for New Zealand, Southeast Asia and Victoria, Australia. CrowdStrike’s operations in APAC now include Australia, New Zealand, Singapore, India, and parts of Northern Asia.
Other regional milestones include:
- 245 percent growth in new customers, year over year
- Total bookings year-over-year increased by 410 percent
- 154 percent channel pipeline growth
- Doubled headcount and continued investments to broaden the partner and channel pipeline
Supporting Quotes:
Kevin O’Sullivan, head of Security Services, Kinetic IT
“Today, customers are looking to move away from point products and adopt comprehensive solutions to not only transform their legacy AV but also add capabilities to detect and respond to advanced attacks. CrowdStrike Falcon offers exactly that and enables customers to stop breaches regardless of how threats continue to evolve. CrowdStrike and Kinetic IT share a commitment to putting the customer first and delivering best-of-breed solutions to drive value and ROI and we look forward to continuing to our productive partnership.”
Michael Ostrowski, regional vice president of Sales, APAC at Proficio
“As a global, next-gen cybersecurity services provider, Proficio is continually focused on providing its clients with state-of-the-art monitoring, detection and response solutions like CrowdStrike’s Falcon platform. Through our valued partnership with CrowdStrike, we are able to offer our clients the most comprehensive and effective solution to stop modern-day attacks and give them a definitive advantage against the rising tide of threats that they are facing not just in the APAC region but globally as well. The CrowdStrike Falcon platform not only improves our overall visibility into our customers’ environment but also allows us to provide better actionable intelligence, recommendations and remediation.”
Andrew Littleproud, vice president of APAC, CrowdStrike
“The CrowdStrike Falcon platform delivers to customers maximum protection against modern-day threats, along with best-in-class performance, efficacy, and efficiency. This powerful combination has allowed us to set a new standard in endpoint security, which is driving incredible momentum in our sales across APAC. We are excited to expand our presence in APAC countries and will continue to invest within the region throughout the rest of 2017.”
About CrowdStrike®
CrowdStrike is the leader in cloud-delivered endpoint protection. The CrowdStrike Falcon® platform offers instant visibility and protection across the enterprise and prevents attacks on endpoints on or off the network. CrowdStrike Falcon deploys in minutes to deliver actionable intelligence and real-time protection from Day One. Falcon seamlessly unifies next-generation AV with best-in-class endpoint detection and response, backed by 24/7 managed hunting. Its cloud infrastructure and single-agent architecture take away complexity and add scalability, manageability, and speed. CrowdStrike Falcon protects customers against all cyber attack types, using sophisticated signatureless artificial intelligence/machine learning and Indicator-of-Attack (IOA) based threat prevention to stop known and unknown threats in real time. Powered by the CrowdStrike Threat Graph™, Falcon instantly correlates over 50 billion security events from across the globe to immediately prevent and detect threats.
There's much more to the story of how Falcon has redefined endpoint protection but there's only one thing to remember about CrowdStrike: We stop breaches.
Learn more: https://www.crowdstrike.com/
Follow us: Blog | Twitter
© 2017 CrowdStrike, Inc. All rights reserved. CrowdStrike®, CrowdStrike Falcon®, CrowdStrike Threat Graph™, CrowdStrike Falcon Prevent™, Falcon Prevent™, CrowdStrike Falcon Insight™, Falcon Insight™, CrowdStrike Falcon Discover™, Falcon Discover™, CrowdStrike Falcon Intelligence™, Falcon Intelligence™, CrowdStrike Falcon DNS™, Falcon DNS™, CrowdStrike Falcon OverWatch™, and Falcon OverWatch™ are the trademarks of CrowdStrike, Inc. All other brands, products, or service names are or may be trademarks or service marks of their respective owners.
Source: CrowdStrike, Inc.
A.M. BEST AFFIRMS CREDIT RATINGS OF ROYAL INSURANCE CORPORATION OF BHUTAN LIMITED
SINGAPORE, Aug 24 (Bernama-BUSINESS WIRE) -- A.M. Best has affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” of Royal Insurance Corporation of Bhutan Limited (RICB) (Bhutan). The outlook of these Credit Ratings (ratings) is stable.
The ratings reflect RICB’s adequate risk-adjusted capitalization, established business profile within its domestic market and track record of strong operating performance. RICB is the larger of the two insurance companies in Bhutan, holding a dominant share of the country’s non-life market and a monopoly in its life insurance market.
The company’s strong operating performance is driven primarily by its favorable investment income and positive underwriting results. Investment income comprises primarily interest income from RICB’s sizable portfolio of loans and advances.
http://mrem.bernama.com/viewsm.php?idm=29881
The ratings reflect RICB’s adequate risk-adjusted capitalization, established business profile within its domestic market and track record of strong operating performance. RICB is the larger of the two insurance companies in Bhutan, holding a dominant share of the country’s non-life market and a monopoly in its life insurance market.
The company’s strong operating performance is driven primarily by its favorable investment income and positive underwriting results. Investment income comprises primarily interest income from RICB’s sizable portfolio of loans and advances.
http://mrem.bernama.com/viewsm.php?idm=29881
CALL FOR SUBMISSIONS FOR MYCREATIVE'S STARGLITZ 3.0 AND F'STREET
PETALING JAYA, Aug 23 (Bernama) --
Starglitz 3.0 and F’Street are calling for potential contestants. Both
The Starglitz 3.0 and F’Street are amongst the initiatives by MyCreative
to provide promotional opportunities to the singers, cooks and bakers
driving the Malaysian creative scenes as well as a platform for the
industry experts to discover fresh talents.
StarGlitz 3.0 is open to all Malaysians aged 16 and above. Contestants (solo or group) are required to submit a clip of them singing with a minimum duration of 60 seconds to a maximum of 90 seconds and upload it onto YouTube. Other than that, there is no restriction to the language or genre of the song selected, and applicants may choose between singing a song, playing musical instrument or both.
The shortlisted contestants will then be announced on 9 October 2017 via MyCreative’s official Facebook page and the shortlisted video will be uploaded for public viewing and public voting. MyCreative shall shortlist the Top 10 finalists that will be called for a Live Performance in front of a panel of judges on 25 November 2017. The competition offers a total of RM13,000 worth of cash prizes and demo recordings to three selected winners of StarGlitz 3.0.
On the other hand, MyCreative also aims to celebrate the culinary skills of cooks and bakers in Malaysia through F’Street – The first culinary showdown by MyCreative. F’Street is open to all Malaysians that have passion in food and culinary business.
Contestants are required to submit food concept and current business model and shortlisted contestants will be required to present a sample of their signature dish/dessert at a time and place to be informed by the organisers. The finalists will be determined upon the deliberation from the food presentation and to be notified by 20th October 2017. A competition day will be held on 27th November 2017 where the finalists shall compete and have the opportunity to showcase and sell their signature dish/dessert and culinary skills.
The competition awards RM3,500 each for the champions of signature dish and baking/desserts categories.
Deadline of submissions for both StarGlitz 3.0 and F’Street will be on 30 September 2017.
Additional details could be found at the following links:
StarGlitz 3.0
http://www.mycreative.com.my/news_events/starglitz-3.0
F’Street
http://www.mycreative.com.my/news_events/fstreet
For visuals/posters of the competitions, kindly download if from the following link:
https://drive.google.com/open?id=0B9SK1dHJcEwDdExYeldQREtXOTA
SOURCE : MyCreative Ventures Sdn. Bhd.
FOR MORE INFORMATION, PLEASE CONTACT:
Name : Nadia Muadzam or Ainunnajhan Marzuki
Corporate Affairs, MyCreative Ventures Sdn. Bhd.
Tel : 03- 7712 7212 / Nadia 012-3782318 / Ainun 017-7140400
Fax : 03- 7733 7604
Email : pr@mycreative.com.my
StarGlitz 3.0 is open to all Malaysians aged 16 and above. Contestants (solo or group) are required to submit a clip of them singing with a minimum duration of 60 seconds to a maximum of 90 seconds and upload it onto YouTube. Other than that, there is no restriction to the language or genre of the song selected, and applicants may choose between singing a song, playing musical instrument or both.
The shortlisted contestants will then be announced on 9 October 2017 via MyCreative’s official Facebook page and the shortlisted video will be uploaded for public viewing and public voting. MyCreative shall shortlist the Top 10 finalists that will be called for a Live Performance in front of a panel of judges on 25 November 2017. The competition offers a total of RM13,000 worth of cash prizes and demo recordings to three selected winners of StarGlitz 3.0.
On the other hand, MyCreative also aims to celebrate the culinary skills of cooks and bakers in Malaysia through F’Street – The first culinary showdown by MyCreative. F’Street is open to all Malaysians that have passion in food and culinary business.
Contestants are required to submit food concept and current business model and shortlisted contestants will be required to present a sample of their signature dish/dessert at a time and place to be informed by the organisers. The finalists will be determined upon the deliberation from the food presentation and to be notified by 20th October 2017. A competition day will be held on 27th November 2017 where the finalists shall compete and have the opportunity to showcase and sell their signature dish/dessert and culinary skills.
The competition awards RM3,500 each for the champions of signature dish and baking/desserts categories.
Deadline of submissions for both StarGlitz 3.0 and F’Street will be on 30 September 2017.
Additional details could be found at the following links:
StarGlitz 3.0
http://www.mycreative.com.my/news_events/starglitz-3.0
F’Street
http://www.mycreative.com.my/news_events/fstreet
For visuals/posters of the competitions, kindly download if from the following link:
https://drive.google.com/open?id=0B9SK1dHJcEwDdExYeldQREtXOTA
SOURCE : MyCreative Ventures Sdn. Bhd.
FOR MORE INFORMATION, PLEASE CONTACT:
Name : Nadia Muadzam or Ainunnajhan Marzuki
Corporate Affairs, MyCreative Ventures Sdn. Bhd.
Tel : 03- 7712 7212 / Nadia 012-3782318 / Ainun 017-7140400
Fax : 03- 7733 7604
Email : pr@mycreative.com.my
INTERNATIONAL BODY POSITIVE MENTOR, ARABELLA S. RUBY, LAUNCHES NEW FASHION COLLECTION UNDER THE XEHAR BRAND, ARABELLA BY XEHAR
Xehar’s successful ambassador marketing campaign continues to drive online sales while spreading body positive messages among millennials around the world
PLAYA VISTA, Calif., Aug 24 (Bernama-GLOBE NEWSWIRE) -- Today Xehar launches their newest collection Arabella by Xehar, an edgy and contemporary plus size fashion line targeting progressive millennials. High demand for Xehar’s custom clothing lines can be seen by the recent collection Laura by Xehar, which sold out in a record 10 days. Xehar has developed a proven method in creating collections inspired by Body Positive Mentors who have a significant social media following.
http://mrem.bernama.com/viewsm.php?idm=29878
PLAYA VISTA, Calif., Aug 24 (Bernama-GLOBE NEWSWIRE) -- Today Xehar launches their newest collection Arabella by Xehar, an edgy and contemporary plus size fashion line targeting progressive millennials. High demand for Xehar’s custom clothing lines can be seen by the recent collection Laura by Xehar, which sold out in a record 10 days. Xehar has developed a proven method in creating collections inspired by Body Positive Mentors who have a significant social media following.
http://mrem.bernama.com/viewsm.php?idm=29878
A.M. BEST AFFIRMS CREDIT RATINGS OF EQ INSURANCE COMPANY LIMITED
SINGAPORE, Aug 24 (Bernama-BUSINESS WIRE) -- A.M. Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb+” of EQ Insurance Company Limited (EQ) (Singapore). The outlook of these Credit Ratings (ratings) is stable.
The ratings reflect EQ’s adequate risk-adjusted capitalization, which has benefited from capital injections by its parent company, Citystate Capital Asia Pte. Ltd. EQ’s capital position grew by a cumulative average of approximately 7% in the five years ending Dec. 31, 2016. Its risk-adjusted capitalization is supported by low underwriting leverage and prudent investments that are held predominantly in cash and bonds.
http://mrem.bernama.com/viewsm.php?idm=29879
The ratings reflect EQ’s adequate risk-adjusted capitalization, which has benefited from capital injections by its parent company, Citystate Capital Asia Pte. Ltd. EQ’s capital position grew by a cumulative average of approximately 7% in the five years ending Dec. 31, 2016. Its risk-adjusted capitalization is supported by low underwriting leverage and prudent investments that are held predominantly in cash and bonds.
http://mrem.bernama.com/viewsm.php?idm=29879
Wednesday 23 August 2017
BLUJAY SOLUTIONS RAISES UP TO $500 MILLION NEW FINANCING TO DRIVE ACCELERATED GROWTH
MANCHESTER, England, Aug 22 (Bernama-BUSINESS WIRE) -- BluJay Solutions, a leading provider of supply chain software and services powered by the world’s first Global Trade Network, has raised a significant new financing facility from TPG Specialty Lending and BlueBay Asset Management’s Private Debt Group. The capital will bolster BluJay’s continued expansion of its market-leading Global Trade Network and help accelerate growth. In addition, the facility allows for $200 million of additional capital to finance acquisitions as BluJay continues to expand its market-leading software solutions.
“Our Global Trade Network has been widely accepted by companies around the globe,” said Doug Braun, BluJay Solutions CEO. "They understand the power and vision of bringing thousands of supply chain participants into a single network and workflow. We are winning more deals because our Global Trade Network is resonating, and this new financing will allow us to accelerate our expansion plans.”
Over the past 18 months, the Company has attained significant milestones:
Over the past 18 months, the Company has attained significant milestones:
- Achieved record revenue and double-digit organic growth
- Fully integrated its product portfolio, delivering a seamless customer experience and a modern, intuitive user interface;
- Completed and fully integrated the acquisitions of LeanLogistics and Blackbay, solidifying the Company’s leadership in SaaS TMS and bringing a next-generation, last-mile mobility solution into the product portfolio;
- Added 269 new customers across 18 countries on four continents;
- Continued to invest heavily in its products and people – BluJay now has over 1,100 people across the organization, including 400 in engineering and product development.
“We are proud of our success. Our focus is and will always be delivering value to our customers. We measure our success by theirs,” said Braun. “This financing event provides further flexibility with respect to future acquisitions as we seek to continuously improve our Global Trade Network, reach new markets, and add new services – ultimately driving value for our customers.”
About BluJay Solutions
BluJay Solutions delivers supply chain software and services to the world’s most progressive retailers, distributors, freight forwarders, manufacturers, and logistics service providers. Transforming supply chain logistics with the BluJay Global Trade Network, we enable customers to unlock the power of more than 40,000 universally connected partners. With BluJay, companies can achieve greater trade velocity, transform their supply chain economics for disruptive advantage, and see beyond the horizon to optimize their future in the global economy. To learn more, visit: www.blujaysolutions.com, or follow us on Twitter at @myblujay and LinkedIn.
About BluJay Solutions
BluJay Solutions delivers supply chain software and services to the world’s most progressive retailers, distributors, freight forwarders, manufacturers, and logistics service providers. Transforming supply chain logistics with the BluJay Global Trade Network, we enable customers to unlock the power of more than 40,000 universally connected partners. With BluJay, companies can achieve greater trade velocity, transform their supply chain economics for disruptive advantage, and see beyond the horizon to optimize their future in the global economy. To learn more, visit: www.blujaysolutions.com, or follow us on Twitter at @myblujay and LinkedIn.
Source: BluJay Solutions
NEW CRYPTOCURRENCY MINING RIGS FROM HMINERS RECEIVE POSITIVE FEEDBACK FROM USERS
Three
recently launched cryptocurrency mining rigs from Hminers have now
started receiving an encouraging response from the earliest users. These
multi algorithm mining rigs were designed by the company to deliver a
higher hash rate with minimum power consumption.
MIAMI, Aug 23 (Bernama-GLOBE NEWSWIRE) -- Hminers is pleased to reveal that their recently launched cryptocurrency mining rigs are off to an encouraging start, with positive reviews coming in from several users. It may be recalled that the company has recently come up with H2U Miner, H4U Miner, and Rack Equipped with 5 x H4U, three advanced and powerful mining rigs that have already shown promises of making a strong impact on the rapidly expanding crowdfunding market. All these products are now selling successfully on the company’s website www.hminers.com
With the steadily growing population of cryptocurrencies, the demand for mining rigs has also experienced a significant growth over the years. However, unfortunately, many of the available products fail to deliver the desired level of hash rate to the users. Incidentally, hash rate is the most important parameter to judge the efficiency of a mining rig. Moreover, many industry experts have expressed concern about the high electric power consumption by most of the mining rigs available on the market.
Hminers is a team of cryptocurrency enthusiasts and experts that grabbed the attention of the industry some years ago by creating the world’s first 10 nm ASIC Chip. Now, the company has worked diligently to deliver three cryptocurrency mining rigs that not only deliver extremely high hash rates, but also address the problem of excessive power consumption.
Some of the top features of these mining rigs include
MIAMI, Aug 23 (Bernama-GLOBE NEWSWIRE) -- Hminers is pleased to reveal that their recently launched cryptocurrency mining rigs are off to an encouraging start, with positive reviews coming in from several users. It may be recalled that the company has recently come up with H2U Miner, H4U Miner, and Rack Equipped with 5 x H4U, three advanced and powerful mining rigs that have already shown promises of making a strong impact on the rapidly expanding crowdfunding market. All these products are now selling successfully on the company’s website www.hminers.com
With the steadily growing population of cryptocurrencies, the demand for mining rigs has also experienced a significant growth over the years. However, unfortunately, many of the available products fail to deliver the desired level of hash rate to the users. Incidentally, hash rate is the most important parameter to judge the efficiency of a mining rig. Moreover, many industry experts have expressed concern about the high electric power consumption by most of the mining rigs available on the market.
Hminers is a team of cryptocurrency enthusiasts and experts that grabbed the attention of the industry some years ago by creating the world’s first 10 nm ASIC Chip. Now, the company has worked diligently to deliver three cryptocurrency mining rigs that not only deliver extremely high hash rates, but also address the problem of excessive power consumption.
Some of the top features of these mining rigs include
- High hash rates
- Low power consumption
- Built and designed to operate under multiple algorithms
- Low noise and heat generation
- Suitable for mining Bitcoin/Litecoin/Ethereum/Dash
- Guaranteed Return of Investment in less than a month
Expressing pleasure about the company’s H2U Miner, a recent user mentioned, “I have recently purchased the H2U Miner from Hminers and the experience so far has been just amazing. With solid hash rate and low power consumption, this product is certainly miles ahead of any other mining rig I have used so far. My accolades to the creators for delivering something that the market has been missing so far.”
Reacting to the positive market response for the mining rigs, a senior official from Hminers stated, “Our team has spent several months in evaluating, prototyping, and extreme-condition pressure testing of these products to achieve perfection. It is certainly great to see that their effort and dedication is making a serious difference in the user experience of our customers.”
To find out more about the new Hminers Mining Rigs, please visit https://hminers.com/products/
About Hminers: Hminers is the most recognizable company in the cryptocurrency industry and the proud creators of the world’s first 10 nm ASIC Chip. The core team of this organization comprises of top level specialists from globally renowned organizations such as IBM, Microsoft, and Samsung.
Contact:
Adam Lark
info@hminers.com
+1 305-203-6542
SOURCE : HMiners Technologies Inc
NASDAQ OFFERS PROPRIETARY U.S. EQUITY DATA FEEDS FROM EQUINIX DATA CENTER IN LONDON
NEW YORK and LONDON, Aug 23 (Bernama-GLOBE NEWSWIRE) -- Nasdaq, Inc. (Nasdaq:NDAQ) has announced the availability of proprietary U.S. equity feeds from Equinix’s London International Business Exchange™ (IBX®) data center — LD4 — located in Slough, U.K. As part of Nasdaq’s efforts to bring U.S proprietary equities data to a larger audience, Nasdaq now offers Nasdaq TotalView and Nasdaq Basic from LD4. Nasdaq Basic combines Nasdaq Best Bid and Offer (QBBO), with either Nasdaq Last Sale (NLS), or Nasdaq Last Sale Plus (NLS Plus).
“We continue to focus on working closely with our clients around the world in order to help them gain secure, efficient access to our markets,” said Jeff Kimsey, Head of Global Data Products, Nasdaq. “Buy-and sell-side clients based in the U.K. can now access our U.S. data products directly from the exchange through the Equinix LD4 data center.”
http://mrem.bernama.com/viewsm.php?idm=29873
“We continue to focus on working closely with our clients around the world in order to help them gain secure, efficient access to our markets,” said Jeff Kimsey, Head of Global Data Products, Nasdaq. “Buy-and sell-side clients based in the U.K. can now access our U.S. data products directly from the exchange through the Equinix LD4 data center.”
http://mrem.bernama.com/viewsm.php?idm=29873
MANUPORT LOGISTICS USES DESCARTES FOR SOLAS COMPLIANCE
LIER, Belgium, Aug 23 (Bernama-GLOBE NEWSWIRE) -- Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, announced that Manuport Logistics in Belgium is using the Descartes Verified Gross Mass™ (Descartes VGM™) solution to help its customers comply with the International Convention for the Safety of Life at Sea (SOLAS) regulations for container weight requirements.
“The long-standing relationship Manuport has with Descartes played an important role in our selection of the Descartes VGM solution; however, it was the rapid implementation capabilities that really differentiated Descartes,” said Luc Geerts, Strategic Accounts Manager at Manuport Logistics. “In addition, Descartes has an impressive track record in networked communication and the Descartes VGM solution uses a similar Descartes standard message format as we do for managing shipments. In the maritime industry where messaging standards are limited, Descartes greatly simplifies the process of communicating with different stakeholders in our supply chain.”
http://mrem.bernama.com/viewsm.php?idm=29863
“The long-standing relationship Manuport has with Descartes played an important role in our selection of the Descartes VGM solution; however, it was the rapid implementation capabilities that really differentiated Descartes,” said Luc Geerts, Strategic Accounts Manager at Manuport Logistics. “In addition, Descartes has an impressive track record in networked communication and the Descartes VGM solution uses a similar Descartes standard message format as we do for managing shipments. In the maritime industry where messaging standards are limited, Descartes greatly simplifies the process of communicating with different stakeholders in our supply chain.”
http://mrem.bernama.com/viewsm.php?idm=29863
ARE ZERO WASTE & ZERO PLASTIC CITIES FEASIBLE? GREEN CITY EXPERTS TO WEIGH IN AT SELANGOR FORUM
SHAH ALAM, Aug 23 (Bernama) -- This September 8th, leading experts will be at the Setia City Convention Centre to share and discuss about the benefits, challenges, pragmatism and potential of building Zero Waste and Zero Plastic cities, as part of the Selangor Smart City & Future Commerce Convention 2017.
The Green City Forum will feature speakers from the UN and the region, such as Indonesia, and the Philippines. Local waste management experts and environmental entrepreneurs will also share their thoughts on how to make businesses green, yet still profitable.
Officiated by Y.B Elizabeth Wong, Selangor Executive Council Member for Tourism, Consumer Affairs, Green Tech and Environment, the forum will see a Keynote Speech delivered by Mr. Choudhury Rudra Charan Mohanty, the Environment Programme Coordinator of the United Nations Centre for Regional Development, who will be tackling the topic titled “Towards Resource Efficient & Zero Waste Societies”.
http://mrem.bernama.com/viewsm.php?idm=29870
The Green City Forum will feature speakers from the UN and the region, such as Indonesia, and the Philippines. Local waste management experts and environmental entrepreneurs will also share their thoughts on how to make businesses green, yet still profitable.
Officiated by Y.B Elizabeth Wong, Selangor Executive Council Member for Tourism, Consumer Affairs, Green Tech and Environment, the forum will see a Keynote Speech delivered by Mr. Choudhury Rudra Charan Mohanty, the Environment Programme Coordinator of the United Nations Centre for Regional Development, who will be tackling the topic titled “Towards Resource Efficient & Zero Waste Societies”.
http://mrem.bernama.com/viewsm.php?idm=29870
Tuesday 22 August 2017
A.M. BEST ASSIGNS ISSUER CREDIT RATING TO CBL CORPORATION LIMITED
SINGAPORE, Aug 21 (Bernama-BUSINESS WIRE) -- A.M. Best has assigned a Long-Term Issuer Credit Rating (rating) of “bbb-” to CBL Corporation Limited (CCL) (New Zealand). The outlook assigned to the rating is stable.
CCL is a listed company on the Australian Securities Exchange and the New Zealand Stock Exchange. The lead insurance subsidiary within this group is CBL Insurance Limited (CBL), a non-life insurer that specializes in writing building- and construction-related credit and financial surety insurance, bonding and reinsurance.
CCL’s rating reflects the use of typical notching from CBL’s current rating, which is “a-”, with a stable outlook. On a consolidated basis, CCL maintains moderate financial leverage, and A.M. Best expects CCL’s interest coverage ratios to continue to support its guideline for the assigned rating.
Factors that may lead to negative rating actions for CCL include deterioration in operating performance in the subsidiary insurance operations or a decrease in CBL’s risk-adjusted capitalization to a level that would no longer support its current ratings.
Ratings are communicated to rated entities prior to publication. Unless stated otherwise, the ratings were not amended subsequent to that communication.
CCL is a listed company on the Australian Securities Exchange and the New Zealand Stock Exchange. The lead insurance subsidiary within this group is CBL Insurance Limited (CBL), a non-life insurer that specializes in writing building- and construction-related credit and financial surety insurance, bonding and reinsurance.
CCL’s rating reflects the use of typical notching from CBL’s current rating, which is “a-”, with a stable outlook. On a consolidated basis, CCL maintains moderate financial leverage, and A.M. Best expects CCL’s interest coverage ratios to continue to support its guideline for the assigned rating.
Factors that may lead to negative rating actions for CCL include deterioration in operating performance in the subsidiary insurance operations or a decrease in CBL’s risk-adjusted capitalization to a level that would no longer support its current ratings.
Ratings are communicated to rated entities prior to publication. Unless stated otherwise, the ratings were not amended subsequent to that communication.
MURATA CHEERLEADERS PERFORMING AT TECH DOME PENANG, MALAYSIA
KYOTO, Japan, Aug 22 (Bernama-BUSINESS WIRE) -- Murata Manufacturing Co., Ltd. (TOKYO:6981) (ISIN:JP3914400001):
For their second consecutive year, the Murata Cheerleaders will perform their synchronized dance at Japanese Technology Week at Tech Dome Penang this year. These innovative, world’s first cheerleading robots will be promoting latest technologies, unique Japanese innovations, and the ability of electronics to enrich human lives.
In cooperation with Tech Dome Penang, Murata will organize four demonstrations on 26th and 27th, and three demonstrations on 28th of August. Join us at the Japanese Technology Weekend at Tech Dome Penang and witness the impressive capabilities of the Japanese robots!
For their second consecutive year, the Murata Cheerleaders will perform their synchronized dance at Japanese Technology Week at Tech Dome Penang this year. These innovative, world’s first cheerleading robots will be promoting latest technologies, unique Japanese innovations, and the ability of electronics to enrich human lives.
In cooperation with Tech Dome Penang, Murata will organize four demonstrations on 26th and 27th, and three demonstrations on 28th of August. Join us at the Japanese Technology Weekend at Tech Dome Penang and witness the impressive capabilities of the Japanese robots!
Event Overview |
| Time | Saturday, August 26, and Sunday, August 27, 2017 | |
| Demonstrations commence at: (length of the demo ~20 min) | ||
| 11:00; 13:00; 15:00; 16:00 | ||
| Monday, August 28, 2017 | ||
| Demonstrations commence at: (length of the demo ~20 min) | ||
| 11:00; 13:00; 15:00 | ||
| Place | Tech Dome Penang, KOMTAR Geodesic Dome, Jalan Penang, 10000 George Town, Pulau Pinang, Malaysia | |
About Tech Dome Penang
Tech Dome Penang (TDP) is a science and discovery center situated in Georgetown, Penang. It is a not-for-profit organization established to motivate and inspire young people concerning Science and Technology by allowing them to experience science in a fun way. TDP was open to the public in July 16th 2016. Apart from the 120 interactive exhibits which demonstrate scientific concepts to our visitors, TDP also runs special projects, workshops, education programs and team building activities. For more information, visit Tech Dome Penang’s website http://techdomepenang.org/
About Murata
Murata Manufacturing Co., Ltd. is a worldwide leader in the design, manufacture and sale of ceramic-based passive electronic components & solutions, communication modules and power supply modules. Murata is committed to the development of advanced electronic materials and leading edge, multi-functional, high-density modules. The company has employees and manufacturing facilities throughout the world. For more information, visit Murata's website at www.murata.com.
Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=51671076&lang=en
Contacts
Media Contact
Murata Manufacturing Co., Ltd.
Yoshihiko TAKEDA, +81 (0)75 955 6786
Corporate Communications Office
takeday@murata.com
Murata Manufacturing Co., Ltd.
Yoshihiko TAKEDA, +81 (0)75 955 6786
Corporate Communications Office
takeday@murata.com
Source: Murata Manufacturing Co., Ltd.
CELULARITY, INC., ACCELERATES BREAKTHROUGH PLACENTAL DISCOVERY & THERAPEUTIC PLATFORM
---New
Biotechnology Company Accelerates the Delivery of Transformative
Innovations in Treatments of Cancer, Inflammatory & Degenerative
Diseases, and Functional Regeneration
---Contributions of Capital, More Than 200+ Issued and Pending Patents, Pre-Clinical and Clinical Assets and Commercial Products Obtained from Companies Including Celgene Corporation, Sorrento Therapeutics (Nasdaq: SRNE), United Therapeutics (Nasdaq: UTHR), and Human Longevity, Inc.
---Contributions of Capital, More Than 200+ Issued and Pending Patents, Pre-Clinical and Clinical Assets and Commercial Products Obtained from Companies Including Celgene Corporation, Sorrento Therapeutics (Nasdaq: SRNE), United Therapeutics (Nasdaq: UTHR), and Human Longevity, Inc.
WARREN, N.J., Aug 22 (Bernama-BUSINESS WIRE) --
Celularity, Inc., a newly formed biotechnology company, today announced
its acceleration of cell and tissue regenerative therapies to address
unmet medical needs in cancer and chronic and degenerative disease.
Celularity completed their Series A financing with contributions from
several biopharma companies, including Sorrento Therapeutics, United
Therapeutics Corporation and Human Longevity, Inc., and entrepreneurial
investors.
Celularity has been created through the contributions of extensive intellectual property, clinical-stage assets, basic and clinical research, and development expertise including:
Celularity has been created through the contributions of extensive intellectual property, clinical-stage assets, basic and clinical research, and development expertise including:
- Several clinical-stage immuno-oncology and regenerative medicine assets and a pipeline of pre-clinical assets
- Proprietary allogeneic (“readily accessible”) immunotherapy platform
- 200+ issued and pending patents in cell therapy; robust IP for placental stem cells
- Broad fully human antibody-CAR constructs
- IND-ready joint CD38 immuno-oncology programs
- Commercial-stage functional regeneration products Biovance® and Interfyl®* and pipeline assets
- LifeBankUSA stem cell biorepository with two decades operating expertise
Founded
on the pioneering work of Robert Hariri, MD, PhD, in human
placenta-derived cellular therapeutics and biomaterials, Celularity’s
ability to procure placental stem cells, engineer potential therapies,
and deploy potential treatments, positions it to harness the potential
of the human placenta and operate along the entire value chain.
“Celularity was formed as a new biotechnology model designed to apply the necessary expertise to harness our placenta discovery platform across a range of unmet medical needs,” said Celularity Founder and Chief Executive Officer, Robert J. Hariri, MD, PhD. “With the support of our investors, we are assembling proven regenerative medicine technology and expertise with the goal of developing transformative therapies for fatal and intractable diseases.” Dr. Hariri was previously chairman, chief scientific officer and chief executive officer of Celgene Cellular Therapeutics and founder of Anthrogenesis Corporation, which Celgene acquired in 2002. Dr. Hariri is also the co-founder of Human Longevity, Inc.
The formation of Celularity leverages seminal work in the discovery of novel biologically active cell populations in the human placenta with broad therapeutic potential. Celularity will draw upon these proprietary and scalable discoveries that derive from the post-partum human placenta – an ethical and renewable source of usable biomaterials. Celularity’s development program is focused on an allogeneic platform, leveraging clinically accessible, immune-tolerant cells and biomaterials from a diverse population of informed-consent donors.
Andrew von Eschenbach, MD, among the founding members of the Celularity Board of Directors and former United States Food and Drug Administration (FDA) Commissioner and Director of the National Cancer Institute said, “The pioneering work of Celularity founder Bob Hariri has unleashed the unique properties of placental derived stem cells which have renewed hope for creating safe and effective therapies for the most challenging degenerative diseases." Dr. von Eschenbach added "Celularity with its focus on accelerating innovation in regenerative medicine can become the leading catalyst for cell therapy to address many of the world's unmet medical needs."
*Interfyl is a registered trademark of Alliqua BioMedical, Inc.
Dr. Henry Ji, President and CEO of Sorrento Therapeutics, said, “We are very excited to participate in the creation of Celularity together with Dr. Hariri and his scientific team as well as global leading biopharmaceutical companies, such as Celgene, Human Longevity Inc., and United Therapeutics. The potential for regenerative therapies in treating a wide array of chronic degenerative conditions is well known. We see important synergies for the oncology field and the potential to enhance our fight against malignant cancers. Celularity’s technologies, assets, and resources will help advance selected Sorrento cellular therapy programs and potentially transform autologous cellular therapies into affordable and accessible allogeneic cell therapies.”
About Celularity, Inc.
Celularity, headquartered in Warren, New Jersey, is a biotechnology company with proprietary, leading-edge technology and Intellectual Property to harness the power of the placenta. Their medicine asset portfolio consists of more than 200 issued or pending patents as well as pre-clinical and clinical assets including CAR constructs for allogeneic CAR-T/NK products, licenses of 100+ immunotherapy assets, and commercial stage biosourcing and functional regeneration businesses. For more information, please visit www.celularity.com. Follow Celularity on Social Media: @Celularity.
About United Therapeutics
United Therapeutics Corporation is a biotechnology company focused on the development and commercialization of innovative products to address the unmet medical needs of patients with chronic and life-threatening conditions.
About Sorrento Therapeutics
Sorrento is an antibody-centric, clinical stage biopharmaceutical company developing new treatments for immuno-oncology, inflammation and autoimmune diseases. Sorrento's lead product candidates include immunotherapies focused on the treatment of both solid tumors and hematological malignancies, as well as late stage pain products. For more information, please visit http://sorrentotherapeutics.com
About Human Longevity, Inc.
Human Longevity, Inc. (HLI) is the genomics-based, health intelligence company creating the world’s largest and most comprehensive database of whole genome, phenotype and clinical data. HLI is developing and applying large scale computing and machine learning to make novel discoveries to revolutionize health. In addition to the HLIQ Whole Genome and HLIQ Oncology, HLI’s business also includes the HLI Health Nucleus, a genomic powered clinical research center which uses whole genome sequence analysis, advanced clinical imaging and innovative machine learning, along with curated personal health information, to deliver the most complete picture of individual health. For more information, please visit http://www.humanlongevity.com or http://www.healthnucleus.com
“Celularity was formed as a new biotechnology model designed to apply the necessary expertise to harness our placenta discovery platform across a range of unmet medical needs,” said Celularity Founder and Chief Executive Officer, Robert J. Hariri, MD, PhD. “With the support of our investors, we are assembling proven regenerative medicine technology and expertise with the goal of developing transformative therapies for fatal and intractable diseases.” Dr. Hariri was previously chairman, chief scientific officer and chief executive officer of Celgene Cellular Therapeutics and founder of Anthrogenesis Corporation, which Celgene acquired in 2002. Dr. Hariri is also the co-founder of Human Longevity, Inc.
The formation of Celularity leverages seminal work in the discovery of novel biologically active cell populations in the human placenta with broad therapeutic potential. Celularity will draw upon these proprietary and scalable discoveries that derive from the post-partum human placenta – an ethical and renewable source of usable biomaterials. Celularity’s development program is focused on an allogeneic platform, leveraging clinically accessible, immune-tolerant cells and biomaterials from a diverse population of informed-consent donors.
Andrew von Eschenbach, MD, among the founding members of the Celularity Board of Directors and former United States Food and Drug Administration (FDA) Commissioner and Director of the National Cancer Institute said, “The pioneering work of Celularity founder Bob Hariri has unleashed the unique properties of placental derived stem cells which have renewed hope for creating safe and effective therapies for the most challenging degenerative diseases." Dr. von Eschenbach added "Celularity with its focus on accelerating innovation in regenerative medicine can become the leading catalyst for cell therapy to address many of the world's unmet medical needs."
*Interfyl is a registered trademark of Alliqua BioMedical, Inc.
Dr. Henry Ji, President and CEO of Sorrento Therapeutics, said, “We are very excited to participate in the creation of Celularity together with Dr. Hariri and his scientific team as well as global leading biopharmaceutical companies, such as Celgene, Human Longevity Inc., and United Therapeutics. The potential for regenerative therapies in treating a wide array of chronic degenerative conditions is well known. We see important synergies for the oncology field and the potential to enhance our fight against malignant cancers. Celularity’s technologies, assets, and resources will help advance selected Sorrento cellular therapy programs and potentially transform autologous cellular therapies into affordable and accessible allogeneic cell therapies.”
About Celularity, Inc.
Celularity, headquartered in Warren, New Jersey, is a biotechnology company with proprietary, leading-edge technology and Intellectual Property to harness the power of the placenta. Their medicine asset portfolio consists of more than 200 issued or pending patents as well as pre-clinical and clinical assets including CAR constructs for allogeneic CAR-T/NK products, licenses of 100+ immunotherapy assets, and commercial stage biosourcing and functional regeneration businesses. For more information, please visit www.celularity.com. Follow Celularity on Social Media: @Celularity.
About United Therapeutics
United Therapeutics Corporation is a biotechnology company focused on the development and commercialization of innovative products to address the unmet medical needs of patients with chronic and life-threatening conditions.
About Sorrento Therapeutics
Sorrento is an antibody-centric, clinical stage biopharmaceutical company developing new treatments for immuno-oncology, inflammation and autoimmune diseases. Sorrento's lead product candidates include immunotherapies focused on the treatment of both solid tumors and hematological malignancies, as well as late stage pain products. For more information, please visit http://sorrentotherapeutics.com
About Human Longevity, Inc.
Human Longevity, Inc. (HLI) is the genomics-based, health intelligence company creating the world’s largest and most comprehensive database of whole genome, phenotype and clinical data. HLI is developing and applying large scale computing and machine learning to make novel discoveries to revolutionize health. In addition to the HLIQ Whole Genome and HLIQ Oncology, HLI’s business also includes the HLI Health Nucleus, a genomic powered clinical research center which uses whole genome sequence analysis, advanced clinical imaging and innovative machine learning, along with curated personal health information, to deliver the most complete picture of individual health. For more information, please visit http://www.humanlongevity.com or http://www.healthnucleus.com
Contacts
Media:
For Celularity
Olivia Goodman, 212-715-1597
olivia.goodman@finnpartners.com
or
Sorrento Therapeutics, Inc.
Alexis Nahama, DVM, 858-203-4120
anahama@sorrentotherapeutics.com
For Celularity
Olivia Goodman, 212-715-1597
olivia.goodman@finnpartners.com
or
Sorrento Therapeutics, Inc.
Alexis Nahama, DVM, 858-203-4120
anahama@sorrentotherapeutics.com
Source: Celularity, Inc.
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