Thursday 30 June 2016

"WASHOKU" WORLD CHALLENGE 2016: CALL FOR APPLICATIONS FOR JAPANESE CUISINE COMPETITION FOR NON-JAPANESE NATIONALS

TOKYO, June 30 (Bernama-AsiaNet) -- The Washoku World Challenge (WWC) 2016, a contest of "washoku," or Japanese cooking, limited to foreign nationals, will once again be held this year, hosted by the Ministry of Agriculture, Forestry and Fisheries of Japan. The event is designed to identify talented individuals engaged in the field of Japanese cuisine in different countries and regions, and further popularize the special appeal of Japanese food.
http://mrem.bernama.com/viewsm.php?idm=27085

A.M. BEST AFFIRMS RATINGS OF DPL INSURANCE LIMITED

SINGAPORE, June 30 (Bernama-BUSINESS WIRE) -- A.M. Best has affirmed the financial strength rating of B+ (Good) and the issuer credit rating of “bbb-” of DPL Insurance Limited (DPL) (New Zealand). The outlook for each rating is stable.
 
DPL is a small insurance provider of life and non-life insurance products within the New Zealand market. Its ultimate parent is Turners Limited (formerly Dorchester Pacific Limited), a financial services company listed on the New Zealand Stock Exchange.

http://mrem.bernama.com/viewsm.php?idm=27078

CUTENESS ALERT! THE NEW ADVENTURES OF DEREK THE WOMBAT

FLINDERS ISLAND, Tasmania, June 29 (Bernama-AsiaNet) -- Since Derek the wombat hit international stardom, he's been frantically busy. He's an adolescent now and being a savvy business-wombat he has a new line of tea towels and t-shirts out. If that's not enough to keep this Flinders Island local run off his paws, he's the proud big brother of orphan-siblings April and May.
http://mrem.bernama.com/viewsm.php?idm=27072

Wednesday 29 June 2016

VOLTAGE INC. WILL BE MAKING ITS FIRST APPEARANCE AT C3 CHARAEXPO 2016!

TOKYO, June 28 (Bernama-BUSINESS WIRE) -- Voltage Inc. (TOKYO:3639) (Shibuya, Tokyo, CEO: Yuzi Tsutani) will be hosting a booth at Singapore's C3 CharaExpo2016 from July 9th (Saturday) until July 10th (Sunday).

Singapore's C3 CharaExpo had its first convention last year, and with visitor numbers expected to rise, it will no doubt become a huge event for both anime fans and game fans alike. This year marks Voltage Inc.'s first appearance at this event. Visitors will be able to demo popular titles, and take photos with our gorgeous characters.
http://mrem.bernama.com/viewsm.php?idm=27067

KEMBARA RAMADHAN UMW 2016

SHAH ALAM, June 27 (Bernama) -- UMW Community Champions, the staff volunteers of UMW Corporation Sdn Bhd (UMW), had made the 450-kilometre journey to Laloh, Kelantan to distribute 'Ramadhan Packs' and household items last weekend 17 June 2016.

Laloh is a small town in Kuala Krai severely affected by the catastrophic flood that ravaged the east coast in 2014 with Kelantan being the worst-hit state. Many of the villagers in Laloh are still struggling to make ends meet since their homes were damaged and washed away by the worst flood in history.
http://mrem.bernama.com/viewsm.php?idm=27062

Tuesday 28 June 2016

UMW COMMUNITY CHAMPIONS' EVENING WITH THE HOMELESS

Queueing for food after collecting their hygiene packs


KUALA LUMPUR, June 27 (Bernama) -- UMW Corporation Sdn Bhd (UMW) has collaborated for the first time with KASEH4U, a non-governmental organisation that was established to provide basic meals every Tuesday at a homeless centre in Medan Tuanku.

40 UMW Community Champions that consist of employees from UMW Group of companies braved the peak hour traffic after work to the homeless centre in Medan Tuanku, to arrive there before sunset. After a quick buka puasa and prayer, the volunteers set out to work, packing hygiene packs, arranging dinner, drinks, fruits and sahur packs.
http://mrem.bernama.com/viewsm.php?idm=27063

SMIC ACQUIRES LFOUNDRY AND ENTERS INTO GLOBAL AUTOMOTIVE ELECTRONICS MARKET

AVEZZANO, Italy & SHANGHAI, June 27 (Bernama-BUSINESS WIRE) -- Semiconductor Manufacturing International Corporation ("SMIC"; NYSE: SMI; SEHK: 981), one of the leading semiconductor foundries in the world and the largest and most advanced foundry in mainland China, jointly announces with LFoundry Europe GmbH ("LFE") and Marsica Innovation S.p.A. ("MI"), the signing of an agreement on June 24, 2016 to purchase a 70% stake of LFoundry for a consideration of 49 million EUR. LFoundry is an integrated circuit wafer foundry headquartered in Italy, which is owned by LFE and MI. At the closing, SMIC, LFE and MI will own 70%, 15% and 15% of the corporate capital of the target respectively. This acquisition benefits both SMIC and LFoundry, through increased combined scale, strengthened overall technology portfolios, and expanded market opportunities for both parties to gain footing in new market sectors. This also represents the Mainland China IC foundry industry's first successful acquisition of an overseas-based manufacturer, which marks a major step forward in internationalizing SMIC; furthermore, through this acquisition, SMIC has formally entered into the global automotive electronics market.
http://mrem.bernama.com/viewsm.php?idm=27055

UBS, CREDIT SUISSE, JULIUS BAER & FUNDINFO LAUNCH FUND DATA DISSEMINATION STANDARD "OPENFUNDS"

Consistent description of mutual fund static data aids distribution
 

ZURICH, June 27 (Bernama-BUSINESS WIRE) -- After two years of intensive collaboration, two dozen financial institutions led by UBS, Credit Suisse and Julius Baer together with fundinfo AG have agreed on publishing the openfunds standard, version 1.0, onwww.openfunds.org

The non-profit initiative has defined openfunds as an efficient, cost-free and extendible standard which characterises typically used investment fund attributes, a list that today approaches 200 identifiers.

A.M. BEST AFFIRMS RATINGS OF UNION MEDICAL BENEFITS SOCIETY LIMITED

SINGAPORE, June 27 (Bernama-BUSINESS WIRE) -- A.M. Best has affirmed the financial strength rating of A (Excellent) and the issuer credit rating of “a” of Union Medical Benefits Society Limited (UniMed) (New Zealand). The outlook for each rating is stable.
 

The ratings reflect UniMed’s very strong risk-adjusted capitalization, which results from the company’s low underwriting leverage, favorable liquidity and high quality of assets. In addition, UniMed has a good performance track record, with an average combined ratio of approximately 95% and a compounding annual growth rate in policyholders’ surplus of approximately 10% over a five-year period. 

Monday 27 June 2016

NASDAQ CLOSING CROSS CALCULATES U.S. RUSSELL INDEXES FOR THE 13TH CONSECUTIVE YEAR

NEW YORK, June 27 (Bernama-GLOBE NEWSWIRE) -- Nasdaq (Nasdaq:NDAQ) today announced the Nasdaq Closing Cross was used for the 13th consecutive year to rebalance Nasdaq-listed securities in the entire family of U.S. Russell indexes during its annual reconstitution. Approximately 933 million shares representing $20.6 billion were executed in the Nasdaq Closing Cross in 0.8 seconds across some 2,464 Nasdaq-listed stocks.
 
Nasdaq official closing prices (NOCPs) determined by the Nasdaq Closing Cross are widely used throughout the industry, by firms such as Russell Investments, S&P, Dow Jones, and many mutual funds across the country. The Nasdaq Closing Cross mechanism provides market participants with transparency and consistent prices with the dissemination of imbalances, indicative, and likely clearing prices every five seconds via the Net Order Imbalance Indicator. Nasdaq’s INET technology platform processes accurate closing prices for the industry in milliseconds. 



A.M. BEST AFFIRMS RATINGS OF THAIRE LIFE ASSURANCE PUBLIC COMPANY, LIMITED

SINGAPORE, June 27 (Bernama-BUSINESS WIRE) -- A.M. Best has affirmed the financial strength rating of A- (Excellent) and the issuer credit rating of “a-” of Thaire Life Assurance Public Company, Limited (Thaire Life) (Thailand). The outlook for each rating remains stable.
 
The ratings reflect Thaire Life’s strong risk-adjusted capitalization, favorable operating performance and good business profile in Thailand’s life reinsurance market.

http://mrem.bernama.com/viewsm.php?idm=27053

Sunday 26 June 2016

STATEMENT BY AMBASSADOR RAMLAN IBRAHIM PERMANENT REPRESENTATIVE OF MALAYSIA TO THE UNITED NATIONS SECURITY COUNCIL BRIEFING ON UNITED NATIONS ASSISTANCE MISSION IN AFGHANISTAN (UNAMA)

Mr. President, 

I wish to first thank SRSG Haysom for his extensive briefing and Ambassador Saikal for his statement. We value SRSG Haysom’s insights on the enormous security, political and economic challenges faced by Afghanistan and his persistent and untiring efforts to work with the Afghan partners for peace.

We are supportive of the Afghan government’s unwavering commitment and ongoing efforts towards achieving national unity and lasting stability, as rightly underscored by Ambassador Saikal. 


http://mrem.bernama.com/viewsm.php?idm=27040

Saturday 25 June 2016

Malaysia To Formulate New Service Delivery Model - Entulu

KUALA LUMPUR, June 24 (Bernama) -- Malaysia is to formulate a new service delivery model that will enable the government to reform and be more cost-effective and better equipped to meet the demands and expectations of the people up to 2020 and beyond.

Minister in the Prime Minister's Department Datuk Joseph Entulu Belaun said the government planned to adopt recognised service delivery standards which would be monitored by accredited officers of the respective government agencies via a self-evaluation process.
 

--BERNAMA 

UMP JOURNAL TOPS AUTOMOTIVE ENGINEERING RANKING AGAIN

KUALA LUMPUR, June 24 (Bernama) -- A journal published by Universiti Malaysia Pahang (UMP) has been recognized as the best in Asia three years in a row, registering the highest indices for production and publication of scientific articles in the fields of automotive and mechanical engineering.
 
International Journal of Automotive and Mechanical Engineering (Ijame) topped the category of Automotive Engineering and climbed to third place in the Mechanical Engineering category of SCOPUS Journal Ranking (SCIMAGO) in terms of source normalized impact per paper (Snip).


Friday 24 June 2016

IN-GAME PURCHASES AND CONSTRUCTION TOYS DRIVE GLOBAL GROWTH FOR TOYS AND GAMES IN 2015

CHICAGO, June 23 (Bernama-BUSINESS WIRE) -- Global Market Research Company Euromonitor International released today new toys and games industry data. According to the new research, global sales of toys and games reached USD $179.7 billion in 2015 with in-game purchases and construction toys accounting for 30 percent of sales across the industry.

In-game purchases were the biggest driver of revenue growth for video games, increasing 21 percent in 2015 to reach USD $44.6 billion. Mobile games reliant on purchases and the proliferation of smartphones was the main driver, but in-game purchases are becoming common in console and computer games.
http://mrem.bernama.com/viewsm.php?idm=27025

KEIO PLAZA HOTEL TOKYO HOLDS THE 36TH "SUMMER FESTIVAL OF ARITA/IMARI PORCELAINS," CELEBRATING 400TH ANNIVERSARY OF JAPANESE TRADITIONAL ART

TOKYO, June 23 (Bernama-BUSINESS WIRE) -- Keio Plaza Hotel Tokyo(KPH), one of Japan’s most prestigious international hotels located in Shinjuku, Tokyo, will jointly host the 36th “Summer Festival of Arita/Imari Porcelains,” to celebrate the 400th anniversary of Japan’s long tradition of porcelain art. The spectacular complimentary exhibition will be held in the lobby from July 1st to August 7th, 2016, with the sponsorship of Saga Prefectural Government. In addition, artworks of other various Arita/Imari’s contemporary artists will also be displayed and available for sale during this exhibition. This exhibition is designed to provide overseas visitors with opportunities to gain a better understanding of Arita/Imari porcelain, which is one of Japan’s traditional and representative art forms. Moreover, restaurants within the hotel will also accentuate delicious and specially prepared menu items by serving them in Arita/Imari porcelain dishes.
 

Arita/Imari porcelain artwork started 400 years ago in the Arita town and Imari city in Saga prefecture and has been highly esteemed in Japan and abroad. Keio Plaza Hotel has been hosting a special event of Arita/Imari Porcelains for the past 36 years, allowing hotel guests to experience the unique artwork and its history. This year’s theme of the exhibition is “Modern Art, Reflections of the Future.” A spectacular “Porcelain Tree” monument will be displayed in the main lobby, measuring 9.5 meters long and 3 meters wide. This decorative exhibition consists of Arita porcelain artworks by three renowned porcelain artists, Inoue Manji, the 14th Imaizumi Imaemon and the 15th Sakaida Kakiemon -two of whom are National Living Treasures- whose Arita porcelain overturn conventions and challenge perceptions. 

Thursday 23 June 2016

TOSHIBA LAUNCHES THE INDUSTRY'S LEADING-CLASS LOW ON-RESISTANCE SMALL-SIZE N-CHANNEL MOSFETS FOR LOAD SWITCHES IN LED DRIVER APPLICATIONS

AEC-Q101 qualified for automotive applications

TOKYO, June 23 (Bernama-BUSINESS WIRE) -- Toshiba Corporation’s (TOKYO:6502) Storage & Electronic Devices Solutions Company today announced the launch of N-channel MOSFETs in small packages for load switches in LED driver applications, including automotive dashboard meters and headlights and LED TV backlights, that are in the industry’s leading-class[1] for low on-resistance. Shipments of the new products start from today.


AMDOCS SURVEY: TEENAGERS HAVE A DIGITAL LIFESTYLE THAT SERVICE PROVIDERS SHOULD ADJUST TO

Global study maps unique digital DNA of teens as they become the next generation of paying customers

ST. LOUIS, June 21 (Bernama-GLOBE NEWSWIRE) -- Amdocs (NASDAQ:DOX), the leading provider of customer experience solutions, today announced the results of a global study(1) into the digital DNA, behavior and expectations of today’s teenagers (aged 15-18 years old). The study reveals a fragile relationship between communications service providers (CSPs) and teens, and the role digital technology will play in the lives of a generation who see their future as digital beings as much as human beings.

According to the study, only 12 percent of teenagers feel service providers understand their lifestyle and offer services to match it. 30 percent report experiencing bad customer service from their CSP over the past year, and 46 percent say they will not use that CSP again. A third of respondents then shared this information with families and friends. 

ASIA SUPERSPORTS GROUP SECURES SPONSORSHIP DEAL WITH KYT

KYT Offers 2016 Overall Champion
A Golden Ticket to World Championship

KUALA LUMPUR, June 23 (Bernama) -- Satheswaran Mayachandran, chief executive officer of Asia Sports Group (ASG) confirms a sponsorship deal with KYT, one of the world's largest helmet production manufacturing company, in conjunction with the upcoming FIM Asia Supermoto Championship 2016. Amongst the sponsorship deal, the Indonesian-based helmet producer will offer a lucrative prize for the overall race champion – a full-expense wildcard entry to contend in a world championship race.

"With the surging supermoto market in Asia, KYT plays a pivotal role in elevating the race's standard in the eyes of our fans and enthusiasts. We are pleased that a major brand as such has entrusted our race as the epitome for motorsport marketing to further enhance sales, marketing and brand positioning in the Asia market," said Mayachandran.
http://mrem.bernama.com/viewsm.php?idm=27038

FIRST PROGRAMMATIC 360° ADVERTISING CAMPAIGN IN ASIA PACIFIC; HONG KONG AIRLINES LANDMARK LAUNCH BY KIOSKED AND MEC

Campaign proved 35 X more effective and 9 X longer viewing time vs traditional display

SINGAPORE, 23 June (Bernama-BUSINESS WIRE) -- World leading Advertising Automation platform Kiosked, global media agency MEC, and Hong Kong Airlines debut the first programmatically run digital advertising campaign that utilizes 360° advertising units.

http://mrem.bernama.com/viewsm.php?idm=27034

TORETA ASIA OFFICIALLY RELEASES CLOUD-BASED RESTAURANT RESERVATION AND CUSTOMER LEDGER SERVICE DOMESTICALLY

Company sets sights on building a reservation infrastructure in Asia

TOKYO, June 23 (Bernama-BUSINESS WIRE) -- TORETA ASIA Pte. Ltd., the Singapore subsidiary of Toreta, Inc., which is a provider of restaurant reservation and customer ledger services, announces the official release of an English localized version of their reservation and customer management service focused on food and drink establishments in Singapore.

http://mrem.bernama.com/viewsm.php?idm=27029

MICHAEL KORS ANNOUNCES NEW LIFESTYLE PARTNERSHIP WITH MCLAREN-HONDA

LONDON, June 23 (Bernama-BUSINESS WIRE) -- Michael Kors (NYSE:KORS), a global luxury lifestyle brand, is delighted to announce a new partnership with McLaren-Honda, becoming the official lifestyle partner of the world championship Formula 1 team. Both McLaren-Honda and Michael Kors celebrate design and speed, with the partnership strengthening and amplifying both brands’ embodiment of a fast, jet-set lifestyle.
 
“Michael Kors and McLaren-Honda are pioneers in their respective spaces, and we firmly believe that McLaren-Honda is the right partner for our entry into the Formula 1 racing world,” says John D. Idol, Chairman and Chief Executive Officer of Michael Kors. “This is an exciting moment for us, especially as we continue to grow as a men’s lifestyle brand.”


SUNDANCE ENERGY AUSTRALIA ANNOUNCES ACQUISITION OF EAGLE FORD ASSETS

DENVER, June 23 (Bernama-GLOBE NEWSWIRE) -- Sundance Energy Australia Limited (ASX:SEA) (“Sundance” or the “Company”), a U.S. onshore oil and gas exploration and production company focused in the Eagle Ford and Greater Anadarko Basin, is pleased to announce that it has entered into a Purchase and Sale Agreement for the acquisition of approximately 5,050 net acres targeting the Eagle Ford in McMullen County, Texas for $16.0 million. 

http://mrem.bernama.com/viewsm.php?idm=27033

Wednesday 22 June 2016

IPG MEDIABRANDS LAUNCHES "THE D100"

CANNES, France, June 21 (Bernama-BUSINESS WIRE) -- IPG Mediabrands, the media holding arm of Interpublic Group (NYSE:IPG), in partnership with Jonah Berger, Associate Professor, The Wharton School at The University of Pennsylvania and New York Times best-selling author of Contagious: Why Things Catch On, has launched the inaugural D100, ranking the 100 most dynamic companies in the world using new world metrics.

This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20160620005848/en/  

DAYMON WORLDWIDE RELEASES "THE NEXT WORLD: HOW MILLENNIALS WILL SHAPE RETAIL"

PORTO SALVO, Portugal, June 21 (Bernama-BUSINESS WIRE) -- Global consumer retail leader and private brand pioneer, Daymon Worldwide, today released "The Next World: How Millennials Will Shape Retail," a worldwide Millennials market research study. The research explores the nuances and values of this generation to gain a better understanding of how they will shape the future of retail. Conducted in April 2016, the global research project surveyed more than 7,000 Millennials and Generation Xers in five continents and 14 countries across the globe.

"By the year 2030, there will be more Millennials than any other generation, including Baby Boomers, in the United States," said Daymon Worldwide Vice President Vasco Brinca. "We have never experienced a generation like this, in large part because they have grown up with economic uncertainty, high unemployment, and are always-on digitally. It is critically important to study this generation and their culture today to discover the impact they'll have on the world's future."
http://mrem.bernama.com/viewsm.php?idm=27017

Tuesday 21 June 2016

BERKSHIRE HATHAWAY SPECIALTY INSURANCE COMPANY EXPANDS INTO ACCIDENT & HEALTH INSURANCE IN ASIA, NAMES PHILLIP BRAIN TO LEAD NEW PRODUCT LINE

BOSTON, June 21 (Bernama-BUSINESS WIRE) -- Berkshire Hathaway Specialty Insurance Company (BHSI) today announced that it is entering the Accident & Health (A&H) market in Asia, and appointed Phillip Brain as Head of A&H in the region.
 
“Phillip has extensive experience in all aspects of the A&H space, from product underwriting and innovation, to technology,” said Marc Breuil, President, BHSI, Asia. “With his leadership, we look forward to establishing an A&H team that will provide employees and employers throughout Asia with meaningful tailored solutions, backed by BHSI’s service, stability and financial strength.”



Monday 20 June 2016

HERBALIFE PARTNERS WITH GLOBAL FOOTBALL STAR CRISTIANO RONALDO TO LAUNCH NEW CR7 DRIVE SPORTS DRINK

Over 11,000 independent Herbalife members witnessed the launch at Herbalife’s annual Asia Pacific Extravaganza in Seoul, Korea

SEOUL, South Korea, June 20 (Bernama-BUSINESS WIRE) -- Herbalife, a global nutrition company, officially launched its new sports drink, CR7 Drive, at its annual Asia Pacific Extravaganza 2016, held in Seoul, Korea from June 17-19.
 
Developed in collaboration with global football star Cristiano Ronaldo, CR7 Drive, which is part of the Herbalife24 sports nutrition range, was created to optimize sports performance and address the specific nutritional needs of casual fitness enthusiasts and professional athletes.


ASEAN CHARACTER AWARD 2016 OPEN FOR APPLICATIONS

TOKYO, June 20, 2016 /Kyodo JBN-AsiaNet/ --
 
The ASEAN-Japan Centre has opened the call for applications for the ASEAN Character Award 2016. Content-related companies from ASEAN member states are encouraged to apply before July 22, 2016.
  
(Photo: http://prw.kyodonews.jp/opn/release/201606201726/)
  
The ASEAN Character Award was established by the ASEAN-Japan Centre and LLP ASEAN Creative Supporters in 2014 in order to bring to light excellent content creative capacities possessed by ASEAN member states which are hitherto less known in Japan. This is an annual contest focusing on characters created by content-related companies of ASEAN member states operating in the fields of animations, games, and merchandising.

http://mrem.bernama.com/viewsm.php?idm=27012

A.M. BEST WITHDRAWS RATINGS OF BOC GROUP LIFE ASSURANCE COMPANY LIMITED

HONG KONG, June 20 (Bernama-BUSINESS WIRE) -- A.M. Best has affirmed the financial strength of A (Excellent) and the issuer credit rating of “a” of BOC Group Life Assurance Company Limited (BOCGL) (Hong Kong). The outlook for each rating is stable. Concurrently, A.M. Best has withdrawn the ratings of BOCGL upon management’s request to no longer participate in A.M. Best’s interactive rating process.
 
The ratings of BOCGL reflect its good risk-adjusted capitalization and solid competitive position in Hong Kong’s life insurance market. The ratings also recognize the continued capital and operational support provided by its banking parent, BOC Hong Kong (Holdings) Limited (BOCHK).



Saturday 18 June 2016

International Arbitration Demands Addresed In Appeal Court Judge's New Book

KUALA LUMPUR, June 17 (Bernama) -- Appeal Court judge Datuk Dr Hamid Sultan Abu Backer has published his latest book on the Malaysian Arbitration Act 2005.

Chief justice Tun Arifin Zakaria and Kuala Lumpur Regional Centre for Arbitration (KLRCA) director Datuk Sundra Rajoo launched the book, titled, "International Arbitration with a Commentary on the Malaysian Arbitration Act 2005".

The book was authored to address the challenges faced when securing an international arbitration award and reveals intricacies within The United Nations Commission on International Trade Law (UNCITRAL) Model law and its importance towards ensuring awards rendered by the tribunal in achieving recognition and enforcement under the New York convention.....

--BERNAMA


Friday 17 June 2016

NTT COMMUNICATIONS LAUNCHES LARGE-VOLUME NETWORK THAT CONNECTS ITS DATA CENTERS WORLDWIDE AND ENTERPRISE CLOUD

TOKYO, June 16 (Bernama-BUSINESS WIRE) -- NTT Communications Corporation (NTT Com), the ICT solutions and international communications business within the NTT (NYSE: NTT) Group, announced today that it will launch a max 10Gbps large-volume network to connect NTT Com's Enterprise Cloud high-quality cloud service for enterprises and customers' enterprise systems collocated at more than 30 data centers around the world. The launches will be rolled out sequentially from June 15.

The network comprises Nexcenter Connect™ Global, which connect major data centers worldwide, Nexcenter Connect™ Metro, which connects data centers within major areas of each country, and Data Center Inter-Connect, which connects the Enterprise Cloud and major data centers worldwide.
http://mrem.bernama.com/viewsm.php?idm=27003

Thursday 16 June 2016

INTREPID UNVEILS NEW BRAND IDENTITY

STAMFORD, Conn., June 15 (Bernama-BUSINESS WIRE) -- Intrepid today unveiled a new brand identity, symbolized by the introduction of a new logo that signifies its transformation as a business.

"The unveiling of our new brand, logo and website launches a new era that speaks to who we are as a company," says Olaf Sachau, Intrepid's CEO. "We are proud to show the evolution of Intrepid reflecting the strength and growth of the firm."
http://mrem.bernama.com/viewsm.php?idm=26993

CHROME RIVER CONTINUES GLOBAL EXPANSION WITH ASIA-PACIFIC LAUNCH

Expense and invoice management software leader establishes Australian operations to support current and future customers
 

SYDNEY, June 14 (Bernama-BUSINESS WIRE) -- Chrome River, a global leader in expense and invoice automation solutions, announces the launch of Asia-Pacific operations. Chrome River PTY LTD, based in Sydney, will provide dedicated support and implementation services to the company’s existing customers across the region, as well as increase its presence with the addition of new customers.

Asia-Pacific is a major growth market for both business travel and enterprise software. It is now the largest market for business travel, representing 39 percent of all global spend, according to the Global Business Travel Association. Business travel across the region is forecast to see 7.7 percent annual growth over the next five years, more than double that of the United States. (1)In addition, according to Gartner, the mature Asia-Pacific region (Australia, New Zealand, Singapore and South Korea) is expected to see its enterprise applications market grow by 53 percent, from US$8.6 billion in 2016, to US$13.2 billion in 2020.(2)  

GENTING HONG KONG TO PROVIDE STAR CRUISES BRAND GUESTS WITH INDUSTRY LEADING FLEET CONNECTIVITY FROM HARRIS CAPROCK

HOUSTON, June 16 ( Bernama-BUSINESS WIRE) -- Genting Corporate Services (HK) Limited has selected Harris CapRock Communications (HCC) to transform communication services onboard the Star Cruises' fleet of six ships. Star Cruises is one of the largest cruise lines in the world and is the leading cruise line in the Asia Pacific region.

Harris CapRock will use its advanced technologies and equipment to boost bandwidth nearly 300% onboard Star Cruises' Superstar Virgo, Superstar Gemini, Superstar Libra, Superstar Aquarius, Star Pisces and Taipan ships. The solution uses Harris CapRock's uncontended Time Divisional Multiple Access (TDMA) network. Unlike traditional TDMA networks, the uncontended network ensures access to committed bandwidth levels at all times, providing an innovation over conventional TDMA networks.
http://mrem.bernama.com/viewsm.php?idm=27002

ALPHA PAYMENTS CLOUD RECEIVES INVESTMENT BY WELLS FARGO STARTUP ACCELERATOR

Alpha Payments Cloud valuation now stands at USD $100 million.

DUBLIN, June 16 (Bernama-BUSINESS WIRE) -- Alpha Payments Cloud, a global leader in providing access to payment, risk and commerce solutions to international banks and merchants, today announced it was selected by Wells Fargo (NYSE: WFC) for investment through its Startup Accelerator program. During the next six-months through the Startup Accelerator program, Wells Fargo will collaborate with Alpha Payments Cloud on its global payments network technologies for merchants.
 


​WIPRO LAUNCHES DATA DISCOVERY PLATFORM

An analytics solution for generating pertinent insights, thereby enabling faster decision-making
 
BANGALORE, India & EAST BRUNSWICK, N.J., June 16 (Bernama-BUSINESS WIRE) -- Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, today announced the launch of its analytics solution, Data Discovery Platform. The solution provides pertinent business insights across the value chain of an industry through pre-defined “apps.”
 
Relevant and actionable insights are imperative to making faster and informed decisions. However, organizations today across industries face the challenge of bridging the gap between what the business wants and what information is offered. Businesses grapple with the inability of traditional systems to provide the contextual insights needed to differentiate and drive the business in a hyper-competitive and digitally-driven world.

http://mrem.bernama.com/viewsm.php?idm=27001

Wednesday 15 June 2016

MYCC HOSTS SPECIAL COMMITTEE ON COMPETITION

KUALA LUMPUR, June 15 (Bernama) -- The Special Committee on Competition spearheaded by the Malaysia Competition Commission (MyCC), recently convened a meeting to discuss various competition issues cutting across sector regulators.

The Special Committee on Competition was formed in 2011 essentially to share common issues on competition laws and policy and to ensure there is consistency in the application of the law. The Special Committee on Competition comprises of representatives from the sector regulators, namely the Malaysia Communications and Multimedia Commission (MCMC), the Land Public Transport Commission (SPAD), the Central Bank of Malaysia (BNM), the Energy Commission (EC), the National Water Services Commission (SPAN), the Securities Commission (SC) and Malaysia Aviation Commission (MAVCOM).
http://mrem.bernama.com/viewsm.php?idm=26999

MyCC Pengerusikan Mesyuarat Jawatankuasa Khas Mengenai Persaingan

KUALA LUMPUR, 15 Jun (Bernama) -- Jawatankuasa Khas Mengenai Persaingan dipengerusikan Suruhanjaya Persaingan Malaysia (MyCC) baru-baru ini mengadakan mesyuarat bagi membincangkan pelbagai isu persaingan merentasi pengawal selia sektor.

Dalam satu kenyataan, MyCC berkata, jawatankuasa khas itu terdiri daripada wakil daripada Suruhanjaya Komunikasi dan Multimedia (SKMM), Suruhanjaya Pengangkutan Awam Darat (SPAD), Bank Negara Malaysia (BNM), Suruhanjaya Tenaga (ST), Suruhanjaya Perkhidmaan Air Negara (SPN), Suruhanjaya Sekuriti (SC) dan Suruhanjaya Penerbangan Malaysia (MAVCOM).

Jawatankuasa Khas Mengenai Persaingan telah ditubuhkan pada 2011 bagi berkongsi pelbagai isu lazim undang-undang dan polisi persaingan bagi memastikan terdapat konsistensi dalam penggunaan undang-undang tersebut.....

--BERNAMA

Monday 13 June 2016

A.M. BEST DOWNGRADES RATINGS OF MACAU LIFE INSURANCE COMPANY LIMITED; PLACES UNDER REVIEW WITH DEVELOPING IMPLICATIONS

HONG KONG, June 13 (Bernama-BUSINESS WIRE) -- A.M. Best has downgraded the financial strength rating to B++ (Good) from A- (Excellent) and the issuer credit rating to “bbb” from “a-” of Macau Life Insurance Company Limited (MLIC) (Macau). Additionally, A.M. Best has placed the ratings under review with developing implications.
 
The ratings downgrade reflects the anticipated diminished implicit and explicit support that MLIC will receive from its immediate parent company, Macau Insurance Company Limited (MIC), and both companies’ ultimate parent, Dah Sing Financial Holdings Limited (DSFH), following the June 2, 2016, announcement that DSFH and MIC have entered into an agreement for the divestment of 100% of MLIC’s shares. The acquirer is Fujian Thai Hot Investment Co., Ltd. (Thai Hot), a Fujian, China-based company that invests in China’s property, health care and financial services sectors. The under review status reflects the limited information A.M. Best has on Thai Hot and the heightened uncertainty surrounding the company’s credit profile and how future business plans could impact MLIC.



A.M. BEST AFFIRMS RATINGS OF THE TOA REINSURANCE COMPANY, LIMITED AND THE TOA REINSURANCE COMPANY OF AMERICA

HONG KONG, June 10 (Bernama-BUSINESS WIRE) -- A.M. Best has affirmed the financial strength rating of A+ (Superior) and the issuer credit ratings of “aa-” of The Toa Reinsurance Company, Limited (Toa Re) (Japan) and its subsidiary, The Toa Reinsurance Company of America (TRA) (headquartered in Morristown, NJ). The outlook for each rating is stable.
The ratings reflect Toa Re’s robust risk-adjusted capitalization and strong business profile in Japan. Toa Re maintains a robust level of capitalization owing to conservative risk management in its underwriting and investment practices. Toa Re has enhanced its enterprise risk management over the past five years. Additionally, the company has expanded its life and health reinsurance segments over the past five years and has reduced its exposure to catastrophe risks in order to achieve stable profitability. Also, Toa Re tightly controlled risk exposure in investment assets during the same period, particularly in stocks. As a sole domestic reinsurance company, Toa Re has a strong relationship with the major cedants in Japan, which are its major shareholders, enabling the company to maintain a stable market share in the domestic market. 


Friday 10 June 2016

A.M. BEST UPGRADES RATINGS OF CBL INSURANCE LIMITED

SINGAPORE, June 10 (Bernama-BUSINESS WIRE) -- A.M. Best has upgraded the financial strength rating to A- (Excellent) from B++ (Good) and the issuer credit rating to “a-” from “bbb” of CBL Insurance Limited (CBL) (New Zealand). The outlook for each rating remains stable.
The rating actions reflect significant improvement in CBL’s capital position and risk-adjusted capitalization in 2015, due to continued strong earnings and additional capital contributions from its parent company. In addition, the initial public offering of its ultimate parent company, CBL Corporation Limited (CCL), which occurred in October 2015, has vastly improved the insurance group’s financial flexibility. 


MENARINI GROUP AND MSD EXTENDS GLOBAL PARTNERSHIP TO THE ASIA-PACIFIC REGION

SINGAPORE, June 9 (Bernama-BUSINESS WIRE) -- Singapore-based A. Menarini Asia-Pacific Holdings Pte Ltd (“Menarini Asia-Pacific”) and MSD have embarked on a multi-year partnership for Menarini Asia-Pacific to assume the sales, marketing and distribution of a number of MSD’s pharmaceutical brands in Asia-Pacific since January 2016.
 
The partnership involves six (6) countries, namely Malaysia, Singapore, Philippines, Hong Kong, Brunei and Macao with annual sales in excess of USD70 million1 that could potentially extend to other key Asia-Pacific markets. The partnership covers a portfolio of highly recognized brands among physicians and patients, ranging from Cardiology, Respiratory and Women’s Health to Central Nervous System and Dermatology. Prior to this agreement, Menarini and MSD had already developed similar partnerships in several other markets in Europe.

http://mrem.bernama.com/viewsm.php?idm=26970

A WORLD OF DIFFERENCES: FIVE SHIFTS SET TO SHAPE THE ENTERTAINMENT AND MEDIA FUTURE

As entertainment and media companies seek to tap into pockets of growth and value in an increasingly complex and competitive global marketplace, surging demand from young consumers is opening up fresh areas of opportunity for incumbents and new entrants alike

LONDON, June 8 (Bernama-GLOBE NEWSWIRE) -- Total worldwide entertainment and media revenues will rise at a compound annual growth rate (CAGR) of 4.4% in nominal terms over the coming five years, from US$1.72 trillion in 2015 to US$2.14 trillion in 2020, according to PwC’s Global entertainment and media outlook 2016–2020.

This growth rate represents a slowdown from last year’s 5.5% growth in industry revenues, and will lag behind overall global economic growth during the five years. But a closer examination brings a different picture into focus. Entertainment and media is a dynamic, diverse industry with steady and sustainable growth. And while its strong aggregate growth is not shared equally by all participants, impressive growth and opportunities can be found in many areas of the industry. Drastic slowdowns in some areas and stagnation in others coexist with spectacular expansion in “hot” countries, regions, and sectors, creating a multi-shifting global media landscape.

Thursday 9 June 2016

PARAMOUNT GROUP UNVEILS NEW GENERATION ARMOURED VEHICLE FOR THE GLOBAL DEFENCE MARKET

Mbombe armoured vehicle showcases world-class technologies from leading African defence group

JOHANNESBURG, South Africa, June 9 (Bernama-GLOBE NEWSWIRE) --Paramount Group (www.ParamountGroup.com), the African-based global defence and aerospace company, unveiled a new generation 8x8 (eight wheeled) armoured vehicle in Astana, during the annual Kazakhstan Defence Exhibition. The technologically superior Mbombe 8 infantry combat vehicle represents the pinnacle of land system innovation; it was designed to meet the world-wide demand for sophisticated and affordable military equipment that provides unrivalled protection for land forces personnel, in an era of unprecedented asymmetrical threats and conflict. 


MOCA ENTERS BROADBAND ACCESS MARKET

ANGA, COLOGNE, Germany and SAN RAMON, Calif., June 9 (Bernama-GLOBE NEWSWIRE) -- MoCA® is developing a specification targeting multiple dwelling units (MDUs) called MoCA Access™.  The specification will be based on the current MoCA 2.0 standard which is capable of 1 Gbps net throughputs.
 
“Our move into access applications is driven by operators worldwide who told us they need one Gbps actual throughputs with a long-term migration path and want to use the existing coax infrastructure,” said Charles Cerino, president of MoCA. “Our performance and reliability attributes are proving to be a great solution in broadband applications as well as the home network backbone.”


APTEAN EXPANDS EXPERTISE TO PUBLIC SECTOR MARKET WITH THE ACQUISITION OF ADVANCED PUBLIC SAFETY

ALPHARETTA, Ga., June 9 (Bernama-GLOBE NEWSWIRE) -- Aptean, a leading provider of mission critical enterprise software solutions, announced today the acquisition of Advanced Public Safety Inc. (APS), a business of Trimble (NASDAQ:TRMB), which provides software solutions that increase safety and productivity for law enforcement and public safety agencies across the United States.
 
“The acquisition of APS brings Aptean new opportunities to expand in the public sector space,” said Kim Eaton, Aptean CEO. “The electronic citation software APS provides to the law enforcement community is a good strategic fit with our portfolio of vertically-focused mission critical enterprise software solutions. We look forward to supporting the growth of APS through Aptean’s experience in bringing relevant and trusted technology solutions to our customers across the globe.”


A.M. BEST AFFIRMS RATINGS OF WING LUNG INSURANCE COMPANY LIMITED

HONG KONG, June 9 (Bernama-BUSINESS WIRE) -- A.M. Best has affirmed the financial strength rating of A- (Excellent) and the issuer credit rating of “a-” of Wing Lung Insurance Company Limited (WLI) (Hong Kong). The outlook for each rating remains stable.
 
The rating affirmations reflect WLI’s strong risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR), favorable operating results and adequate reinsurance protection.
 
WLI’s capital and surplus strengthened to HKD 945 million (USD 122 million) at year-end 2015, representing a year-on-year increase of 13.5% and five-year compound average growth of 16.5% per annum. This capital improvement is due to full profit retention over the past few years. Despite intense competition in Hong Kong’s employees’ compensation and motor lines segments, which are WLI’s key business lines, the company has maintained pricing discipline and delivered positive and improving underwriting results since 2010. WLI also has achieved stable investment income from its diversified investment portfolio.


IDC MARKETSCAPE REPORT NAMES MACH7 A LEADER IN U.S. HEALTHCARE PROVIDER VNA/AICA UNSTRUCTURED DATA PLATFORMS FOR INTEGRATED CARE

Mach7 recognized for its’ patient-centric design, proven interoperability, functional flexibility, and collaborative customer approach.
 
BURLINGTON, Vt., June 8 (Bernama-BUSINESS WIRE) -- Mach7 Technologies (ASX:M7T), a global provider of enterprise imaging solutions, today announced it has been named a Leader in the IDC MarketScape: U.S. Healthcare Provider VNA/AICA Unstructured Data Platforms for Integrated Care 2016 Vendor Assessment (doc # US41287215, May 2016).

This study focuses on Vendor Neutral and Application-Independent Clinical Archive (VNA and AICA) platforms that allow providers to manage and provide access to disparate types of unstructured content among multiple departments, across the entire integrated delivery network (IDN), and between affiliated providers in the community. 

MASKARGO CUTS OVER TO CLOUD-BASED LOGISTICS MANAGEMENT SYSTEM

KUALA LUMPUR, June 8 (Bernama) -- MAB Kargo Sdn Bhd (MASkargo) has
successfuly cut over to Unisys' cloud-based Logistics Management System (LMS) to
manage its domestic and international cargo services to replace its legacy cargo
management system.

MASkargo said all of its core system functions from the previous mainframe-based system were transitioned to the LMS and the cutover included 
customisations to integrate with the carrier's automated warehouse system.

 In a statement today, MASkargo Chief Executive Officer Ahmad Luqman Mohd
Azmi said due to the nature of the company's daily operations, a heavy-duty
system that is accessible system-wide is needed.

"Being a cloud-based system, it will enable us to access regular updates and
enhancements in the future.

"The Internet-based system provides global access in a direct and
cost-efficient manner and enables users to make reservations anytime and
anywhere based on controls built into the system," he said.

Unisys Vice President Logistics Solutions Christopher Shawdon said LMS is
used by leading airlines worldwide to manage their air cargo business.

The cloud-based delivery model allows airlines to reduce costs compared to
running traditional software systems, and speeds the pace of change as
enhancements are deployed each month for all clients, said Shawdon.

The cloud model also helps members work collaboratively on developments, he
added.

MASkargo is the cargo division of Malaysia Airlines Bhd, and processes
approximately 1.5 million master and house air waybills per year.

 It is the largest ground handling agent in Kuala Lumpur and acts as the
agent for more than 30 foreign airlines at its Advanced Cargo Centre to accept,
process and deliver cargo shipments which are carried on foreign carriers'
flights.

    -- BERNAMA 

Wednesday 8 June 2016

EURONET EXPANDS ITS SHARED INDEPENDENT AUTOMATED DEPOSIT TERMINAL NETWORKS ACROSS EUROPE

LEAWOOD, Kan., June 8 (Bernama-GLOBE NEWSWIRE) -- Euronet Worldwide, Inc. (NASDAQ:EEFT), a leading global payments provider, announces the further expansion of its pioneering Shared Independent Recycler Automated Deposit Terminal (“Recycler ADT”) Network across Europe. Euronet’s Recycler ADT Network has now reached 2,500 ADTs in Poland, Germany, Romania and Czech Republic with plans to expand further in more markets within 2016.
 
Euronet's Shared Independent Recycler Deposit Networks are the first to be operated with participation from multiple banks. Automating cash deposits allows banks to extend their branch services without incurring the cost of operating additional branch locations, reduces deposit processing costs and enhances customer satisfaction.


C&C GROUP IN DISTRIBUTION PARTNERSHIP WITH INTERBEV SINGAPORE

SINGAPORE, June 8 (Bernama-BUSINESS WIRE) -- C&C Group announces new distribution partnership with InterBev (Singapore) Limited, a subsidiary of ThaiBev.
 
Under the terms of the newly-formed partnership, Interbev Singapore and C&C Group will work together to strengthen Magners’ presence in key market growth channels. Interbev Singapore will begin its nationwide distribution of Magners in Singapore from September 1, 2016.
 
Sales of Magners by Interbev Singapore will be supported by its business partner, F&N Foods, also a subsidiary of ThaiBev. The formidable team of Interbev Singapore and F&N Foods is strategically placed as a full-fledged, one-stop beverage company with an extensive distribution network to develop and grow premium brands.


​TRIDENT TO LOCATE POINTS OF PRESENCE WITH GLOBAL SWITCH AS IT PLANS TO BUILD ITS CABLE NETWORK IN THE ASIAN REGION

SYDNEY, June 8 (Bernama-BUSINESS WIRE) -- Global Switch, one of the leading large-scale, carrier and cloud neutral, multi-tenanted data centre providers across Europe and Asia-Pacific has announced that Trident Subsea Cable (Trident), an international telecommunications infrastructure project designed to deliver high-speed and high-capacity connectivity between Australia and Asia, is to locate Points of Presence (PoPs) within Global Switch’s data centres in Sydney and Singapore when it builds its cable network in the Asian region.
 
Trident’s cable network, anticipated to be ‘Ready For Service’ in mid-2018, will connect Singapore, Indonesia and Australia with some of the highest capacity optical fibre technology available once operational. With four fibre-pairs in total, each carrying multiple 100Gbps optical channels (wavelengths) and capable of being upgraded in future to 400Gbps optical channels, the Trident system is being developed to offer the raw bandwidth increasingly required by the fast-growing demand for Internet services and content hosted in the Asian region.

http://mrem.bernama.com/viewsm.php?idm=26960

​30 MARDI YOUTH AGROPRENEURS SHOWCASING 100 MALAYSIAN AGRO BASED PRODUCTS AT RIVERWALK VILLAGE


KUALA LUMPUR, May 26 (Bernama) -- Low Yat Group in collaboration with MARDI jointly launched MARDI Agropreneurs Products Showcase 2016 which enables 30 youth Agropreneurs a platform to showcase Malaysian agro-based products for the next two weeks from 26th-28th May and 2nd to 4th June at Riverwalk Village, Jalan Sultan Azlan Shah (formerly 3rd Mile Jalan Ipoh), Kuala Lumpur.

The official launch is graced by YBhg Dato’ Dr. Sharif Bin Haron, Director General of MARDI, Dr Ahmad Safuan Bin Bujang, Deputy Director of MARDI Youth Agropreneurs Program, and Ms Low Su Ming, Executive Director of Low Yat Group’s property division. Other attendees include Directors and Management teams of MARDI and Low Yat Group, and participants of MARDI Youth Agropreneurs programme as well as Members of the Media. 

Tuesday 7 June 2016

KUBOTA, NTT AND NTT COMMUNICATIONS TO DEVELOP ICT SOLUTIONS FOR AGRICULTURE AND WATER INFRASTRUCTURE

Aim to strengthen agricultural competitiveness and upgrade living standards

TOKYO, June 7 (Bernama-BUSINESS WIRE) -- Kubota Corporation, Nippon Telegraph and Telephone Corporation (NTT) and NTT Communications Corporation (NTT Com) announced today an agreement, effective immediately, to combine Kubota’s infrastructure solutions for agriculture and water management, NTT’s research and development capabilities, and ICT services from NTT Com and other NTT Group companies to enhance agricultural competitiveness and upgrade living standards.


GLOBE PARTNERS WITH MOBILE PAYMENTS COMPANY FORTUMO FOR DIRECT CARRIER BILLING

SINGAPORE, June 7 (Bernama-BUSINESS WIRE) -- Philippines’ number one mobile brand Globe Telecom and the mobile payments company Fortumo have sealed a partnership to launch enhanced direct carrier billing in the country. With this collaboration, over 52 million Globe customers will be able to use their mobile phones to make payments in various app stores, as well as for digital services and games.
 
Direct carrier billing, significantly increases the amount of users who are able to make online payments. In the Philippines, only 3% of Filipinos have access to acredit card while smartphone penetration has reached 40%and is forecasted to grow to 70% during the next 2 years. With Fortumo and Globe, more people will be able to make payments online through carrier billing compared to bank-based payments.