Friday 30 March 2018

A.M. Best affirms credit ratings of China Taiping Insurance (Macau)

KUALA LUMPUR, March 30 (Bernama) -- A.M. Best has affirmed the financial strength rating of A (excellent) and the long-term issuer credit rating of 'a' of China Taiping Insurance (Macau) Co Ltd (CTIM) Macau.

"The outlook of these credit ratings is stable," A.M Best said in a statement.

"The ratings reflect CTIM's balance sheet strength, which A.M. Best categorised as adequate, as well as its strong operating performance, favorable business profile and appropriate enterprise risk management.

"The ratings also reflect the lift that the company receives from its parent, China Taiping Insurance Holdings Co Ltd," the statement added.

CTIM's risk-adjusted capitalisation, as measured by Best's Capital Adequacy Ratio (BCAR), dropped to the adequate level at year-end 2017 due to significant additional reinsurer credit risk related to reinsurance recoverables from Typhoon Hato - a 1-in-50-year storm that struck in August 2017 - and major losses in the following month from the SJM's Grand Lisboa Palace fire.

The company's reinsurer panel is highly rated and the vast majority of the typhoon claims are expected to be settled and closed within one year, A.M. Best expects the risk-adjusted capitalisation to return to the strongest level within the next two years.

CTIM maintains a leading market position in Macau, with strong operating performance and a five-year average return on equity of 22.3 per cent from 2012 to 2016.

The company achieved net profits in 2017 due to investment income, despite the occurrence of two severe underwriting events.

A.M. Best is the world's oldest and most authoritative insurance rating and information source.

--BERNAMA 

SHIGA PREFECTURE TO RELEASE PR VIDEO "THE PREMIUM CULINARY TOUR SHIGA JAPAN" IN FIVE LANGUAGES ON MARCH 30 TO PROMOTE CHARMS OF JAPAN'S OLDEST BRANDED BEEF, OMI BEEF

OTSU, Japan, March 29 (Bernama) -- 

The Shiga Prefectural Government has produced "The Premium Culinary Tour Shiga Prefecture," a publicity video promoting the charms of Omi Beef, one of Japan's top three "wagyu" beef brands. It is to be posted on YouTube in five languages -- English, Chinese (both traditional and simplified), Korean and Thai -- on Friday, March 30, 2018.

This video retraces an event, titled a "Journey to Fully Enjoy Omi Beef in Shiga Prefecture," which was held in December last year to promote Omi Beef and sightseeing spots in Shiga by inviting tour operators from Hong Kong and Singapore to the western Japan prefecture.

The four-day tour did not only feature all kinds of Omi Beef gourmet treats -- ranging from shabu-shabu and sukiyaki hot pots to hamburg steak and beef steak -- but also tourist attractions in Shiga Prefecture. They included a cruise in Lake Biwa, the largest lake in Japan; the hot spring resort of Ogoto Onsen, which has a history of nearly 1,200 years; Enryakuji Temple on Mount Hiei, part of a World Heritage site; and Hikone Castle, one of Japan's best known castles. The video contains comments by participants at the end of the tour, such as "Lake Biwa is super beautiful! I want to come here again. Omi Beef is super delicious!" and "Omi Beef shabu-shabu tasted really great!"

Omi Beef has so far been exported to Macao, Singapore, Thailand, the Philippines, Vietnam and Myanmar as well as Taiwan, which newly joined the export destination list in October last year. Shiga Prefecture has organized this fam trip targeting Hong Kong and Singapore, where wagyu draws much attention and a great number of potential buyers when compared with other economies, to create a tour combining Omi Beef and sightseeing spots in the prefecture, aiming to expand demand for inbound tourism via Kyoto, attract visitors to Shiga and boost consumption of Omi Beef.

Omi Beef: Japan's oldest branded beef
Omi Beef has its origin dating back some 400 years and its history is considered long for well-known branded beef. In these early years, eating beef in Japan was prohibited by the shogunate feudal government. But the Hikone domain, currently Shiga Prefecture, was the only region in the country that was allowed to produce beef as it presented the shogunate family with miso (soybean paste)-marinated beef as "meat for health and fitness" or, so to say, medicinal meat. In 1951, local livestock dealers, wholesalers in Tokyo and other parties concerned founded the Omi Beef Association with the aim of establishing the brand of Omi Beef and expanding its marketing channels. It was the first-ever organization in Japan to promote brand-name beef. Now Omi Beef can be called one of Japan's premium traditional beef brands.

Video site URL: https://www.youtube.com/channel/UCw69E1PLVCOCbgU0_2l9WsA

Restaurants where you can eat Omi Beef: http://www.oumiushi.com/en/

Outline of Shiga Prefecture
Shiga Prefecture, neighboring the east of Kyoto, is quite accessible from big cities -- about 10 minutes from Kyoto and about 30 minutes from Osaka by train. The prefecture is full of sights to see: Lake Biwa, the largest lake in Japan with a history of about one million years; Enryakuji Temple on Mount Hiei, which is part of a World Heritage site; Hikone Castle and other spots. Shiga is also known as a prefecture of longevity with its average male lifespan being the longest in Japan.

SOURCE: Shiga Prefectural Government

VISTAJET SOARS TO NEW HEIGHTS WITH ASIA-WIDE INITIATIVES

HONG KONG, March 29 (Bernama-GLOBE NEWSWIRE) -- VistaJet, the first and only global aviation company, continues to lead the industry with three major initiatives in April. These include:

- The global tour of The Collection of Peggy and David Rockefeller comes to Beijing and Shanghai
- Launch of the industry-defining Jet Traveler Report 2018
- Asian Business Aviation Conference and Exhibition (ABACE) in Shanghai


The Art of Flying: The Collection of Peggy and David Rockefeller 
VistaJet is delighted to sponsor the worldwide exhibitions and tour of The Collection of Peggy and David Rockefeller, set to be the most significant auction entirely dedicated to raising funds for philanthropic causes.

Following the unveiling of early highlights in Hong Kong, London and Paris, the global public tour will move to Beijing (6-7 April), Los Angeles (6-12 April) and Shanghai (10-11 April), ahead of the final exhibition in New York from 28 April. With every stop of the tour, new elements of this multi-category collection will be revealed. The sale will be conducted at Christie’s New York in Rockefeller Center during the week of 7-11 May. 

To further enrich the global exhibition tour, VistaJet has created three exclusive and fully-customizable The Art of Flying experiences for VistaJet and Christie’s clients. 

http://mrem.bernama.com/viewsm.php?idm=31555

GLYCOTOPE SELECTS CROWNBIO AS A PRECLINICAL DEVELOPMENT PARTNER TO ADVANCE THEIR IMMUNOTHERAPEUTIC PIPELINE

SAN DIEGO, March 29 (Bernama-GLOBE NEWSWIRE) -- Crown Bioscience, a wholly-owned subsidiary of Crown Bioscience International (TWSE:6554) and a global drug discovery and development services company providing translational platforms to advance oncology, inflammation, cardiovascular and metabolic disease research, announces that it has been chosen by Glycotope GmbH as a partner to accelerate their immuno-oncology drug discovery pipeline.

CrownBio offers the world’s largest collection of patient derived xenograft (PDX) models and is a leading provider of humanized solutions for immuno-oncology drug development. Leveraging these exclusive capabilities, CrownBio will engraft cell line-derived cancer models as well as PDX models selected by Glycotope into CD34 humanized mouse models. These customized, humanized models will be used to accelerate Glycotope’s innovative immuno-oncology drug discovery pipeline.
http://mrem.bernama.com/viewsm.php?idm=31551

Thursday 29 March 2018

New private aviation report reveals preferences of business elite and wealthy fliers

KUALA LUMPUR, March 29 (Bernama) -- VistaJet Ltd and Wealth-X, a leader in wealth information and insight have released the first customer-centric analysis on the private aviation industry - 'The Jet Traveler Report: The Global Perspective on Who Flies Privately and How'.

The report provides unique insight into the profiles of private fliers around the globe, how they fly and what is most important to them, a statement said.

The companies have identified four key findings of the report including, the average wealth of owners (US$1.5 billion) and members (US$ 1.16 billion) is not dissimilar; a widespread move away from full or fractional ownership; the increasing demand for longer trips and larger cabins; and a rise of younger generation of customers in all regions.

According to the report, private aviation is growing but the global ultra high net worth (UHNW) population and the world's fleet are not rising at the same rate which highlights that not everyone who flies privately on a regular basis owns a plane.

Most of the growth comes from an increase in other flying solutions, including membership programs, fractional ownership and on-demand chartering, allowing individuals access to a fleet of private jets at their convenience.

It is also reported that UHNW travelers have been classified into three groups which are the owners, members and the wider audiences of UHNW who use a variety of methods to fly.

"By identifying who these individuals are and understanding how and why they fly, we gain a clear understanding of the choices facing them and the typologies that exist in the market," said director of Wealth-X Custom Research, Winston Chesterfield.

Wealth-X has leveraged its international database of dossiers on UHNW individuals to profile passengers using different methods to fly and the result was included in the report through in-depth interviews with experts, to discover how they travel and why.

The Jet Traveler Report has answered the question of who flies privately and how to identify the key typologies of private flyers and the complete report can be downloaded at vistajet.com/TheJetTravelerReport.

VistaJet is one of the most technologically integrated companies in business aviation and the first and only global private aviation company who offers customers a fully integrated end-to-end service via app and website through its flagship program membership, the statement said.

Credit ratings of Malayan Insurance remains stable - A.M. Best

KUALA LUMPUR, March 29 (Bernama) -- A.M. Best has affirmed the financial strength rating of B++ (good) and the long-term issuer credit rating of 'bbb+' of Malayan Insurance Co Inc. (MICO) Philippines.

A.M. Best, in a statement said that the outlook of these credit ratings is stable.

The ratings reflect MICO's balance sheet strength, which A.M. Best categorised as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.

As measured by Best's Capital Adequacy Ratio, MICO's risk-adjusted capitalisation is very strong and supported by low underwriting leverage.

Management also expects to reduce the amount of reinsurance recoverables substantially in 2018.

While the company has a large amount of reinsurance assets, it manages credit risk by maintaining a panel of strongly rated reinsurance counterparties.

MICO has a strong presence in the corporate segment of the Philippines' non-life market and is the country's largest insurer based on premium and second largest in terms of capital and surplus.

A.M. Best is the world's oldest and most authoritative insurance rating and information source.

Calgon Carbon increases global prices of activated carbon products

KUALA LUMPUR, March 28 (Bernama) -- Calgon Carbon Corporation has announced a global price increase, effective immediately, where contracts permit, on all activated carbon products.

Calgon Carbon, in a statement said the price increase is due to a continued escalation in the cost of raw materials.

The increase is expected to range between 5 and 20 per cent, depending on the specific product, raw material type, services provided and global considerations.

The primary raw materials used for producing activated carbon are coal, coconut shells and wood have gone up in price.

Additionally, costs associated with operating manufacturing facilities and moving freight have also escalated.

"Calgon Carbon has made every effort to reduce costs with process improvements, but the recent hike in raw material costs has exceeded our endeavours," said its executive vice-president, Core Carbon Services Division, Jim Coccagno.

"This price revision is necessary to ensure the continued supply of the highest quality activated carbon products and services to our customers," he added.

Calgon Carbon Corporation, a wholly-owned subsidiary of Kuraray Co. Ltd., is a global leader in the manufacture and distribution of innovative coal-, wood- and coconut-based activated carbon products in granular, powdered, pelletised and cloth form, to meet the most challenging purification demands of customers worldwide.

Wednesday 28 March 2018

PREFERRED NETWORKS TO LAUNCH "MN-1B" PRIVATE SECTOR SUPERCOMPUTER ADOPTING NVIDIA TESLA V100 32GB GPUS

TOKYO, March 28 (Bernama-BUSINESS WIRE) -- Preferred Networks, Inc. (PFN), a provider of IoT-centric deep learning systems, NTT Communications Corporation (NTT Com), the ICT solutions and international communications business within the NTT Group, and NTT Com subsidiary NTT PC Communications Incorporated (NTT PC) announced today that PFN will launch an expanded version of its MN-1 private sector supercomputer equipped with NTT Com and NTTPC’s next-generation GPU platform by July. The new MN-1b supercomputer will adopt the NVIDIA® Tesla® V100 32GB, that was announced at GTC 2018 on March 27, 2018 (U.S. time).
 
PFN plans to enhance MN-1 by adding 512 NVIDIA Tesla V100 32GB GPUs and have them up and running by July, with the added GPUs having a theoretical peak performance of about 56 PetaFLOPS1, a massive 56,000 trillion floating-point operations per second, based on a mixed precision floating-point operation2 used in deep learning. This means the expansion alone will contribute to a roughly threefold increase from the current peak.
 
PFN expects the new supercomputer’s extra high speed and massive processing environment leveraging the latest GPUs will accelerate the real-world applications of its research and development in deep learning and related technologies and thereby strengthen PFN’s global competitiveness. NTT Com and NTT PC will build and operate the multi-node platform leveraging the latest GPUs that meets PFN’s requirements, using their knowledge of intra-GPU communication and waste heat processing.
 
"We are truly honored that Preferred Networks has chosen NVIDIA Tesla V100 32GB, most advanced data center GPU with 2X the memory, for its next-generation private supercomputer’s computation environment, “MN-1b”. With NTT Com Group’s experience of establishing and managing highly reliable data center services, combined with NVIDIA’s latest high-speed GPUs for deep learning, we sincerely look forward to R&D results in the fields of transportation systems, manufacturing and biotech/healthcare," said Masataka Osaki, Vice President of Corporate Sales and NVIDIA Japan Country Manager.
 
Emmy Chang, Board Director, Supermicro KK and VP of Strategic Sales, Supermicro said, “Preferred Networks is the first in the world to deploy our SuperServer® 4029GP-TRT2 equipped with the latest version of Intel® Xeon® Scalable processors and supporting eight NVIDIA Tesla V100 32GB GPU accelerators,” “Preferred Networks has developed the world-class private supercomputer through cooperative work with NTT Com Group, and Supermicro continues to support them with our latest innovative hardware and solutions. We are confident that Preferred Networks will achieve new heights with its new private supercomputer.”
 
PFN will use the new MN-1b to raise the speed of its ChainerTM open source deep-learning framework and further accelerate its research and development in fields that require a huge amount of computing resources, namely transportation systems, manufacturing, bio-healthcare, and creativity.
 
Going forward, NTT Com expects to increasingly support the delivery of AI technologies and related platforms for advanced research and commercialized deep learning, including the AI business initiatives of PFN.

Related links:
Chainer
Enterprise Cloud
Nexcenter
 
Notes:

1 A unit measuring computer performance. Peta is 1,000 trillion (10 to the power of 15) and FLOPS is used to count floating-point operations per second. So, 1 PetaFLOPS means that a computer is capable of performing 1,000 trillion floating-point calculations per second.

2 Mixed precision floating-point operation is a method of floating point arithmetic operations with combination of multiple precisions.

ChainerTM is a trademark or a registered trademark of Preferred Networks, Inc. in Japan and other countries. Other company names and product names written in this release are the trademarks or the registered trademarks of each company.

http://mrem.bernama.com/viewsm.php?idm=31540

Tuesday 27 March 2018

Proficio honoured for excellence in cybersecurity services

KUALA LUMPUR, March 27 (Bernama) -- Proficio Inc. has received 11 top honours from several industry award outlets in the first quarter of 2018.

The company said each awards program highlighted its offerings for managed cybersecurity services, Splunk services, its global expansion efforts in North America, Europe, Middle East, Africa (EMEA) and Asia Pacific (APAC), and its security team's depth of expertise.

The honours include three Cybersecurity Excellence Awards, five Info Security Product Guide 2018 Global Excellence Awards, a Cloud Computing Excellence Award and a spot on CRN's Security 100 list.

These prominent award programs are focused on recognising companies that demonstrated excellence, innovation and leadership in the information security sector.

"These awards are an absolute testament to the passion, drive and quality work our team produces daily. Combating today's advanced persistent threats requires a level of expertise and vigilance that our employees in North America, EMEA and APAC consistently demonstrate," said co-founder and president of Proficio, Tim McElwee, in a statement.

Its chief executive officer, Brad Taylor said in the year ahead, the company planned to continually enhance its monitoring and response services, along with launching new products that will give its clients total visibility into their security environments.

The company is also on the precipice of launching a new solution at RSA that will create a new standard of value within the MSSP industry and give clients clear insight into their overall security posture.

Proficio, a managed security services provider (MSSP) delivering managed detection and response (MDR), offers managed cybersecurity services using proprietary processes, experienced security analysts, and the industries' most advanced technologies to help organisations defend against advanced threats.

More on Proficio can be accessed at "http://www.proficio.com/" 

Winners of Datacloud Asia Awards 2018

KUALA LUMPUR, March 26 (Bernama) -- BroadGroup has announced the winners of the Datacloud Asia Awards 2018, in honour of the year's outstanding individuals and businesses currently shaping the Asian data economy.

The awards, one of the most prestigious accolades in the technology sector, recognise innovation and excellence in the flourishing Asia digital infrastructure market.

BroadGroup, in a statement, said the awards ceremony at Capella Hotel in Singapore was hosted by BBC anchor, Rico Hizon, on the closing day of the Datacloud Asia congress.

Equinix received three awards -- Excellence in Cloud Service Award, Excellence in Data Centre Service Award and Cloud Leader of the Year.

Three awards were also won by Digital Realty - Marketer of the Year - Omer Wilson, Individual Industry Contribution (Ambassador Award) - Krupal Raval, and Data Centre Leader of the Year.

Global Cloud Xchange received two awards ? Excellence in Cloud Service Award South East Asia and Data Centre Thought Leadership Award - Bill Barney.

The other awards won were Excellence in Data Centre Service Award (India) - GPX India Pvt Ltd; Best Data Centre Energy Solution - Munters; Excellence in Data Centre Service Award (South East Asia) -SUPERNAP Thailand; Data Centre Location Award, Chonburi Province, Thailand; Best programme for Data Centre training and professional development - Cnet Training; and Excellence in Data Centre IT Architecture and Design - NEXTDC.

"Datacloud Asia goes from strength to strength and the award winners mirror the optimism, dynamism and entrepreneurism that is permeating throughout the region," said BroadGroup chairman, Philip Low.

"All of this year's recipients have achieved something truly special and should be proud of the transformative impact that they have made on people, business and society across this diverse and dynamic part of the world," Low added.

Established in 2002, BroadGroup is an information media technology company which delivers premium event brands.

-- BERNAMA

Toshiba's new MOSFET for use in automotive applications

KUALA LUMPUR, March 26 (Bernama) -- Toshiba Electronic Devices & Storage Corporation (Toshiba) has released a dual MOSFET 'SSM6N813R' with high ESD protection for use in automotive applications.

Toshiba, in a statement, said the mass production shipments would begin in April 2018.

The small MOSFET also functions as a driver IC for headlight LEDs, which require a high withstand voltage and a small footprint.

Fabricated using the latest process and housed in a TSOP6F package, the SSM6N813R has an allowable power dissipation of 1.5W and low on-resistance, while the footprint of the TSOP6F package is 70 per cent smaller than that of an SOP8 package.

More on Toshiba´s latest small low-on-resistance MOSFETs can be accessed at https://toshiba.semicon-storage.com/ap-en/product/mosfet/small-mosfet.html.

Toshiba Electronic Devices & Storage Corporation is among the leading general devices companies which offer customers and business partners outstanding solutions in discrete semiconductors, system LSIs and HDD.

-- BERNAMA

Monday 26 March 2018

VISTAJET CONNECTS CUSTOMERS AND THEIR PASSIONS WITH THE GLOBAL BRITISH POLO DAY TOUR





Customers to join the most prestigious worldwide polo tournament

LONDON, March 22 (Bernama-GLOBE NEWSWIRE) -- VistaJet, the first and only global private aviation company, will be offering customers the opportunity to enrich their passion for polo as the company partners with British Polo Day for the 2018 worldwide tournament, following a successful inaugurate partnership last year.

The sport is a key interest for many of VistaJet’s customers, both as spectators and riders, and is in line with 39% of the world’s animal-loving Ultra High Net Worth population having a passion for horses*. VistaJet continuously develops and offers exceptional experiences for its customers inspired by their true passions, including art, sport and travel, across all cultures worldwide. Its global partnership with British Polo Day will offer customers an exclusive opportunity to enjoy one of their most cherished interests by watching some of the sport’s top players, including the world’s number one player Adolfo Cambiaso, in the most spectacular and iconic settings, such as the enchanting Umaid Bhawan Palace in Jodhpur.

“Our customers expect the most extraordinary experiences at the highest standards,” explains Ian Moore, Chief Commercial Officer at VistaJet. “Our customers’ passions become our passions and supporting them is a cornerstone of the VistaJet brand. In partnering on such opportunities with British Polo Day, we are able to continue to deliver second-to-none events to our community.”

Originating in ancient Persia, polo has been played for over 2,600 years with the modern game beginning in Northeastern India in 1859. From there, polo spread as widely as its enthusiasts across Europe, South America, Asia and Australia. On a trip to England, the publisher James Gordon Bennett Jr. experienced his first polo match, and upon returning to his native New York in 1876, the game soon spread across North America. 

Friday 23 March 2018

A.M. Best affirms credit ratings of NZ Medical Professionals Ltd

KUALA LUMPUR, March 23 (Bernama) -- A.M. Best has affirmed the financial strength rating of B+ (good) and the long-term issuer credit rating of 'bbb-' of New Zealand Medical Professionals Ltd (NZMPL) New Zealand.

A.M. Best, in a statement, said the outlook of these credit ratings is stable.

The ratings reflect NZMPL's balance sheet strength, which A.M. Best categorised as adequate, as well as its strong operating performance, limited business profile and marginal enterprise risk management.

NZMPL's balance sheet strength is supported by solid risk-adjusted capitalisation, as measured by Best's Capital Adequacy Ratio.

NZMPL has a track record of strong underwriting performance and stable investment income, with a five-year average operating ratio of 49 per cent, driven mainly by its favourable claims experience due to the underlying product risk profile and low average claims size.

The company also benefits from a competitive expense ratio by offering its products through an affiliation with the New Zealand Resident Doctors' Association.

NZMPL is a small-sized insurer in New Zealand that focuses on providing medical malpractice insurance to medical practitioners and health professionals.

Prospectively, A.M. Best expects the company to continue delivering stable earnings, supported by steady revenue growth, favourable claims experience and a low expense ratio in the near term.

A.M. Best is the world's oldest and most authoritative insurance rating and information source.

Toshiba expands its IC-output photocouplers, SO6L with new package

KUALA LUMPUR, March 23 (Bernama) -- Toshiba Electronic Devices & Storage Corporation (Toshiba) has expanded its line-up of SO6L IC-output photocouplers with a new wide leadform package type SO6L(LF4), with the shipments starting yesterday.

The SO6L(LF4) photocouplers package has a creepage distance of eight millimetres (mm), which meets the industry's standard creepage distance for SO6L.

The package is footprint-compatible with the SDIP6(F type) package with wide lead-forming option and a maximum package height of 4.15 mm.

The package has a maximum height of 2.3 mm, approximately 45 per cent thinner than the conventional SDIP6(F type) package, with the low profile package contributing to system size reduction and can be mounted in height-restricted locations, such as the back of a board.

To date, Toshiba has offered eight photocouplers in the SO6L(LF4) package, of which three are for high-speed communication applications and five for IGBT/MOSFET drive applications.

Now the company has added six photocouplers in the SO6L(LF4) package to its product portfolio - three for high-speed communication applications and three for IGBT/MOSFET drive applications.

Toshiba, in a statement, said it would release more IC-output photocouplers as direct replacements for the current SDIP6(F type) package.

Toshiba Electronic Devices & Storage Corporation is among the leading general devices companies which offer their customers and business partners outstanding solutions in discrete semiconductors, system LSIs and HDD.

More about Toshiba at toshiba.semicon-storage.com/ap-en/company.html.