KUALA LUMPUR, March 31 (Bernama) -- In 2014, menswear grew by 4.5
percent reaching US$440 billion (RM1.6 trillion) in sales compared with
3.7 percent in womenswear with US$662 billion (RM2.4 trillion).
Men's shirt, jeans, jackets and coats were forecasted to be the top
performers between 2014-2019, as reported in Euromonitor International
research result on apparel and footwear industry.
The Market Research Company Euromonitor International in a statement
issued today in London said, by 2019, Menswear would contribute close to
US$40 billion (RM148 billion) in the global apparel market, offering
opportunities for category development.
Brands traditionally focused on Womenswear have now started opening
separate Menswear stores, while department stores are starting to revamp
Menswear areas.
A number of luxury market, which remains underexploited for men's
fashion such as Burberry and Zara have opened a standalone Menswear
stores to take advantage of the growing trend.
"Globally, men's annual disposable income is still 50 percent higher
than women's and while Western markets still spend the most on apparel,
future growth is expected to be driven by Asia Pacific," Magdalena
Kondej, Head of Apparel and Footwear research said.
"It is in that perspective that New York will launch its first menswear
fashion week in July 2015, following London's path in 2012," added
Kondej.
To learn more about Euromonitor International's Apparel and Footwear
research visit: http://blog.euromonitor.com/clothing-and-footwear/
-- BERNAMA
http://www.bernama.com/bernama/v8/newsindex.php?id=1121713
Tuesday 31 March 2015
LIXIL Takes Landmark Step in Transformation Journey
Operations Start as Four Technology Businesses in Water, Housing, Building, and Kitchens
TOKYO, March 31 (Bernama) -- LIXIL Group Corporation ("LIXIL"), a global leader in housing and building materials, products and services, commences business through its LIXIL Corporation operating subsidiary as four core business units centered around innovation, quality, design, technology and sustainability as its long-term growth drivers, starting from April 1, 2015.
http://mrem.bernama.com/viewsm.php?idm=24134
TOKYO, March 31 (Bernama) -- LIXIL Group Corporation ("LIXIL"), a global leader in housing and building materials, products and services, commences business through its LIXIL Corporation operating subsidiary as four core business units centered around innovation, quality, design, technology and sustainability as its long-term growth drivers, starting from April 1, 2015.
http://mrem.bernama.com/viewsm.php?idm=24134
Intertek Awarded Hilton Singapore with Marine Stewardship Council's Chain of Custody (CoC) and Aquaculture Stewardship Council (ASC) Certifications
SINGAPORE, March 31 (Bernama) -- Intertek (LSE:ITRK), a leading provider of quality and safety services to a wide range of industries around the world, is proud to announce that Hilton Singapore has been awarded with the Marine Stewardship Council's Chain of Custody (CoC) and Aquaculture Stewardship Council (ASC), following their successful audit completion in January this year.
The CoC standard is the traceability and segregation standard applicable to the full supply chain from a certified fishery or farm to final sale. While the ASC ensures responsible farmed seafood practices are used in the aquaculture industry.
http://mrem.bernama.com/viewsm.php?idm=24133
The CoC standard is the traceability and segregation standard applicable to the full supply chain from a certified fishery or farm to final sale. While the ASC ensures responsible farmed seafood practices are used in the aquaculture industry.
http://mrem.bernama.com/viewsm.php?idm=24133
EXNESS Partners Enjoy Malaysia Grand Prix
LIMASSOL, Cyprus, March 31 (Bernama) -- The EXNESS team attended the PETRONAS MALAYSIA GRAND PRIX this weekend and took the opportunity to develop its important relationship with our south-east Asian partners in Vietnam, Malaysia, Indonesia and Thailand; discussions were focussed on the exciting developments that partners can expect from EXNESS going forward and the development of cooperation between all members.
Our invited partners had the exciting opportunity to meet the IRBR Team Principal Christian Horner, as well as the Red Bull drivers Daniel Ricciardo and Danil Kvyat for an autograph session. The IRBR team members welcomed our EXNESS partners at the Sepang circuit. The invited partners also had the opportunity to tour the team's garage before the race and were able to see the engineering team in action working on the car.
http://mrem.bernama.com/viewsm.php?idm=24128
Our invited partners had the exciting opportunity to meet the IRBR Team Principal Christian Horner, as well as the Red Bull drivers Daniel Ricciardo and Danil Kvyat for an autograph session. The IRBR team members welcomed our EXNESS partners at the Sepang circuit. The invited partners also had the opportunity to tour the team's garage before the race and were able to see the engineering team in action working on the car.
http://mrem.bernama.com/viewsm.php?idm=24128
Monday 30 March 2015
DirectD opens Malaysia's Largest Mobile Phone Mega Store - DirectD Gadget Mega Store
KUALA LUMPUR, March 30 (Bernama) -- DirectD opens its 6th outlet, Malaysia’s largest gadget and mobile phone mega store, along Federal Highway, one of the busiest highways in the city. The store opens all year-round from 9.00am to 9.00pm and is set to reshape and redefine the shopping experience for mobile devices.
The store was conceived and designed by DirectD’s own team guided by its core principle of bringing value to end users. It occupies about 18,000 square feet on a two storey building offering one-stop solutions for mobile / smart phones, gadgets and accessories, and telecommunication services.
http://mrem.bernama.com/viewsm.php?idm=24123
The store was conceived and designed by DirectD’s own team guided by its core principle of bringing value to end users. It occupies about 18,000 square feet on a two storey building offering one-stop solutions for mobile / smart phones, gadgets and accessories, and telecommunication services.
http://mrem.bernama.com/viewsm.php?idm=24123
A.M. BEST AFFIRMS RATINGS OF MALAYAN INSURANCE CO., INC.
HONG KONG, March 30 (Bernama) -- A.M. Best has affirmed the financial strength rating of B++ (Good) and the issuer credit rating of “bbb+” of Malayan Insurance Co., Inc. (MICO) (Philippines). The outlook for both ratings is stable.
The ratings reflect MICO’s solid risk-adjusted capitalization, consistently favorable investment performance and leading position in the Philippine non-life insurance market. The ratings also recognized the continued parental support from Yuchengco Group in terms of distribution.
http://mrem.bernama.com/viewsm.php?idm=24119
The ratings reflect MICO’s solid risk-adjusted capitalization, consistently favorable investment performance and leading position in the Philippine non-life insurance market. The ratings also recognized the continued parental support from Yuchengco Group in terms of distribution.
http://mrem.bernama.com/viewsm.php?idm=24119
A.M. Best Affirms Ratings of PT Asuransi Jasa Indonesia (Persero)
SINGAPORE, March 30 (Bernama)-- A.M. Best has affirmed the financial strength rating of B++ (Good) and the issuer credit rating of "bbb+" of PT Asuransi Jasa Indonesia (Persero) (Jasindo) (Indonesia). The outlook for both ratings is stable.
The ratings consider Jasindo's supportive balance sheet strength, continued strong financial performance and its status as one of the leading non-life insurers in Indonesia. Supported by positive underwriting and investment results, the company enjoyed strong profitability with little volatility to net profitability ratios between 2010 to September 2014, while capital grew about 80% over the same period.
http://mrem.bernama.com/viewsm.php?idm=24118
The ratings consider Jasindo's supportive balance sheet strength, continued strong financial performance and its status as one of the leading non-life insurers in Indonesia. Supported by positive underwriting and investment results, the company enjoyed strong profitability with little volatility to net profitability ratios between 2010 to September 2014, while capital grew about 80% over the same period.
http://mrem.bernama.com/viewsm.php?idm=24118
Friday 27 March 2015
A.M. Best Affirms Rating For China Taiping Insurance
KUALA LUMPUR, March 27 (Bernama) -- A.M. Best has affirmed the
financial strength rating of A (Excellent) and the issuer credit rating
of "a" for China Taiping Insurance (Macau) Co., Ltd. (CTIM) of Macau.
The outlook for both ratings remains stable, said A.M. Best in a statement issued today in Hong Kong.
As measured by Best's Capital Adequacy Ratio (BCAR), the rating affirmations reflect CTIM's strong operating performance and business profile in the Macau non-life market, as well as supportive risk-adjusted capitalization.
CTIM has demonstrated a favorable track record of profitable underwriting and investment results.
The performance was mainly driven by a more stable trend in net loss ratio compared with its local peers, which reflected the company's strategy of profitable business growth, product diversification and its claims management capability.
Going forward, it is expected that CTIM's premium generation will continue to benefit from its balanced distribution across banks, agents, brokers and direct channels, as well as established relationships with Mainland China enterprises.
Partially offsetting rating factors include the potential volatility on its operating results due to market value movements in the company's investments in mutual funds, equities and corporate bonds.
--BERNAMA
http://www.bernama.com/bernama/v8/newsindex.php?id=1120821
The outlook for both ratings remains stable, said A.M. Best in a statement issued today in Hong Kong.
As measured by Best's Capital Adequacy Ratio (BCAR), the rating affirmations reflect CTIM's strong operating performance and business profile in the Macau non-life market, as well as supportive risk-adjusted capitalization.
CTIM has demonstrated a favorable track record of profitable underwriting and investment results.
The performance was mainly driven by a more stable trend in net loss ratio compared with its local peers, which reflected the company's strategy of profitable business growth, product diversification and its claims management capability.
Going forward, it is expected that CTIM's premium generation will continue to benefit from its balanced distribution across banks, agents, brokers and direct channels, as well as established relationships with Mainland China enterprises.
Partially offsetting rating factors include the potential volatility on its operating results due to market value movements in the company's investments in mutual funds, equities and corporate bonds.
--BERNAMA
http://www.bernama.com/bernama/v8/newsindex.php?id=1120821
A.M. Best Affirms Ratings Of Energas Insurance (L) Limited
KUALA LUMPUR, March 27 (Bernama) -- A.M. Best has affirmed the financial strength rating of A (Excellent) and the issuer credit rating of "a" of Energas Insurance (L) Limited (Energas) (Malaysia). The outlook for both ratings is stable.
Energas' ratings reflect its strong capitalization, comprehensive reinsurance protection and role as the sole captive insurance carrier for its ultimate parent, Petroliam Nasional Berhad (Petronas), an integrated global oil and gas company. Full profit retention in the absence of dividend payments to Petronas has enabled Energas to grow its capital favorably since inception.
http://mrem.bernama.com/viewsm.php?idm=24113
Thursday 26 March 2015
New Campaign Aims to Expand Japanese Culinary Culture by Bringing High-end Japanese Rice to Singapore
KUALA LUMPUR, March 26 (Bernama) --
The Japan Rice and Rice Industry Export Promotion Association on March 26 launched "This Is Japan Quality" - a fresh approach that will support the growing demand for Japanese rice exports into Singapore.
Anise Asia Selects Virtustream to Power its Next Generation Cloud for SAP Business One Cloud
KUALA LUMPUR, March 26 (Bernama) -- Anise Asia, a leading provider of public and private cloud services in Malaysia has selected Virtustream, the leading enterprise-class software and services provider, to power the next generation of its cloud platform, as it launches its SAP Business One Cloud offering to Malaysian SMEs. This partnership will help Malaysian SMEs adopt best-in-class business applications without the complexity and cost of on premise infrastructure with the assurance of security, compliance, performance and efficiency previously only available to the largest enterprises.
http://mrem.bernama.com/viewsm.php?idm=24102
http://mrem.bernama.com/viewsm.php?idm=24102
Wednesday 25 March 2015
A.M. Best Affirms Rating For Partners Life Limited
KUALA LUMPUR, March 25 (Bernama) -- A.M. Best has affirmed the
financial strength rating of B++ (Good) and the issuer credit rating of
"bbb" for Partners Life Limited (Partners Life) in New Zealand.
The outlook for both ratings was stable, said A.M. Best in a statement issued today in Singapore.
The rating affirmations reflect Partners Life's adequate balance sheet strength and good business profile in the New Zealand life insurance industry's adviser channel.
The ratings also assume that Partners Life will take necessary steps to ensure that new requirements under Reserve Bank of New Zealand's "Solvency Standard for Life Insurance Business 2014" will not result in material increases to the company's solvency capital requirement.
As evaluated by Best's Capital Adequacy Ratio (BCAR), Partners Life is holding a moderate amount of capital over its local regulatory capital requirement. The company's risk-based capitalization is supported by its reinsurance arrangement and conservative investments.
Over its first four years of operation, Partners Life has been recognized as the fastest-growing life insurer in New Zealand.
For the 12-month period ending Sept 30, 2014, Partners Life continued to maintain its status as one of the market leaders in new business production, capturing a market share of over 15 percent (second only to the largest life insurer in New Zealand).
Partially offsetting these positive rating factors are the company's capital-intensive operating model, relatively small in-force portfolio and high reinsurance leverage.
--BERNAMA
The outlook for both ratings was stable, said A.M. Best in a statement issued today in Singapore.
The rating affirmations reflect Partners Life's adequate balance sheet strength and good business profile in the New Zealand life insurance industry's adviser channel.
The ratings also assume that Partners Life will take necessary steps to ensure that new requirements under Reserve Bank of New Zealand's "Solvency Standard for Life Insurance Business 2014" will not result in material increases to the company's solvency capital requirement.
As evaluated by Best's Capital Adequacy Ratio (BCAR), Partners Life is holding a moderate amount of capital over its local regulatory capital requirement. The company's risk-based capitalization is supported by its reinsurance arrangement and conservative investments.
Over its first four years of operation, Partners Life has been recognized as the fastest-growing life insurer in New Zealand.
For the 12-month period ending Sept 30, 2014, Partners Life continued to maintain its status as one of the market leaders in new business production, capturing a market share of over 15 percent (second only to the largest life insurer in New Zealand).
Partially offsetting these positive rating factors are the company's capital-intensive operating model, relatively small in-force portfolio and high reinsurance leverage.
--BERNAMA
http://www.bernama.com/bernama/v8/newsindex.php?id=1120294
Santen Pharmaceuticals' Dry Eyes Treatment Approved
KUALA LUMPUR, March 25 (Bernama) -- The Marketing Authorization
Application (MAA) for Ikervis has been approved by the European
Commission (EC) to treat severe keratitis disease of the eye, said
Santen Pharmaceutical Co., Ltd, in a statement issued today in Osaka,
Japan.
The MAA approval is supported by a phase III clinical program investigating the efficacy and safety of ciclosporin in European dry eye disease patients with severe keratitis, which shows no improvement despite treatment with tear substitutes.
Based on quality, safety and efficacy data submitted, Ikervis had received a positive opinion from the Committee for Medicinal Products for Human Use (CHMP) of European Medicines Agency in January, 2015.
The CHMP considered that there was a favorable benefit-to-risk balance for Ikervis and therefore recommended the granting of the marketing authorization.
It is the first drug for the treatment of severe keratitis in adult patients with dry eye disease in Europe.
"We are delighted with today's MAA approval that offers dry eye disease patients with severe keratitis the first prescription treatment in Europe.
"Our commitment is to continue to deliver new treatments for people suffering from dry eye. Ikervis is a tangible result of Santen's patient-centered approach to innovation," commented Masamichi Sato, Head of Santen Europe and President of Santen Holdings EU B.V. in the same statement.
--BERNAMA
The MAA approval is supported by a phase III clinical program investigating the efficacy and safety of ciclosporin in European dry eye disease patients with severe keratitis, which shows no improvement despite treatment with tear substitutes.
Based on quality, safety and efficacy data submitted, Ikervis had received a positive opinion from the Committee for Medicinal Products for Human Use (CHMP) of European Medicines Agency in January, 2015.
The CHMP considered that there was a favorable benefit-to-risk balance for Ikervis and therefore recommended the granting of the marketing authorization.
It is the first drug for the treatment of severe keratitis in adult patients with dry eye disease in Europe.
"We are delighted with today's MAA approval that offers dry eye disease patients with severe keratitis the first prescription treatment in Europe.
"Our commitment is to continue to deliver new treatments for people suffering from dry eye. Ikervis is a tangible result of Santen's patient-centered approach to innovation," commented Masamichi Sato, Head of Santen Europe and President of Santen Holdings EU B.V. in the same statement.
--BERNAMA
http://www.bernama.com/bernama/v8/newsindex.php?id=1120739
Malaysian and Singaporean Brands Win at the World Branding Awards in Paris
KUALA LUMPUR, March 25 (Bernama)-- The World Branding Awards took place today in Paris, France. The glittering ceremony at the iconic Hilton Paris Opera honoured 50 brands from 22 countries. Global winners included Cartier, Club Med, Evian, Gillette, Gucci, Hermès, Hilton Hotels and Resorts, IKEA, L’Oréal, Moët & Chandon, Nike, Prada and UPS.
Winners from Malaysia included Pos Malaysia, Spritzer and Wardrobe; while Singaporean winners were SMRT, Raffles Education and BreadTalk.
http://mrem.bernama.com/viewsm.php?idm=24087
Winners from Malaysia included Pos Malaysia, Spritzer and Wardrobe; while Singaporean winners were SMRT, Raffles Education and BreadTalk.
http://mrem.bernama.com/viewsm.php?idm=24087
Allied World Schedules First Quarter 2015 Earnings Announcement and Conference Call
KUALA LUMPUR, March 25 (Bernama) -- Allied World Assurance Company Holdings, AG (NYSE:AWH) today announced that it will release its financial results for the first quarter ended March 31, 2015, after the close of market on Wednesday, April 22, 2015.
Scott Carmilani, President and Chief Executive Officer, Thomas Bradley, Chief Financial Officer, and other members of senior management will host a conference call on Thursday, April 23, 2015 at 9:00 am (Eastern Time) to discuss the first quarter 2015 financial results. This call will include a question and answer session.
http://mrem.bernama.com/viewsm.php?idm=24089
Scott Carmilani, President and Chief Executive Officer, Thomas Bradley, Chief Financial Officer, and other members of senior management will host a conference call on Thursday, April 23, 2015 at 9:00 am (Eastern Time) to discuss the first quarter 2015 financial results. This call will include a question and answer session.
http://mrem.bernama.com/viewsm.php?idm=24089
Nasdaq to Power Digital Currency Marketplace for Noble Markets
New institutional cryptocurrency marketplace will operate X-stream trading technology
KUALA LUMPUR, March 25 (Bernama) -- Nasdaq (Nasdaq:NDAQ) and Noble Markets, announced today that Noble Markets will implement Nasdaq's X-stream trading technology for the company's soon to be launched digital currency marketplace. X-stream is the most widely used exchange trading technology in the world, powering more than 30 marketplaces globally.
http://mrem.bernama.com/viewsm.php?idm=24086
KUALA LUMPUR, March 25 (Bernama) -- Nasdaq (Nasdaq:NDAQ) and Noble Markets, announced today that Noble Markets will implement Nasdaq's X-stream trading technology for the company's soon to be launched digital currency marketplace. X-stream is the most widely used exchange trading technology in the world, powering more than 30 marketplaces globally.
http://mrem.bernama.com/viewsm.php?idm=24086
Tuesday 24 March 2015
Photo Release -- MoneyGram Wins Prestigious Excellence in Remittance Business Award
KUALA LUMPUR, March 24 (Bernama) -- MoneyGram (NASDAQ: MGI), a leading global money transfer company, has been selected for The Asian Banker's prestigious Excellence in Remittance Business award across Asia Pacific, Central Asia and the Middle East and Africa, for the first time.
http://mrem.bernama.com/viewsm.php?idm=24082
http://mrem.bernama.com/viewsm.php?idm=24082
Synectics Equipps Soekarno-Hatta's Terminal 3 With Synergy 3 Solutions
KUALA LUMPUR, March 24 (Bernama) -- Synectics' Synergy 3 command platform, a security and safety management solution, has been selected for the Jakarta Soekarno-Hatta International Airport's new Terminal 3 Ultimate building.
Working in partnership with Synectics in Indonesia is Jaya Teknik that led the security management solution in the terminal, said Synectics in a statement issued today in Sheffield, England.
Airport operator PT. Angkasa Pura II (Persero) - (AP II) uses Synergy 3 to monitor and manage more than 6,000 integrated safety and security edge devices from a range of sub-systems; including CCTV cameras, access control panels, fire alarm points, baggage x-ray scanners and intelligent video analytics.
Synergy 3 flexible and open platform of database agnostic enable alarms, events, security, process control sub-systems, video and data to be monitored, recorded, and managed from a single unified operator interface.
The fully customizable user interface and user-driven dynamic workflows that ensure compliance with Standard Operating Procedures (SOP's) were key features for AP II.
"Synectics was selected for this project because they were able to demonstrate extensive experience in designing and delivering mission critical solutions. It was essential we selected a partner who could provide a reliable, resilient and scalable solution that supported integration with multiple edge device sub systems.
"Another critical factor was the need to have access to dedicated local support, which Synectics provides through its regional office in Singapore," explained Linda Hadi, Vice Director at Jaya Teknik TICT Division in the same statement.
The development of the Terminal 3 Ultimate at Jakarta's Soekarno-Hatta International Airport, in conjunction with the revitalization of Terminal 1 and Terminal 2, is part of the Indonesian Government's plans to boost annual passenger numbers beyond 60 million people.
--BERNAMA
http://www.bernama.com.my/bernama/v8/newsindex.php?id=1119988
Working in partnership with Synectics in Indonesia is Jaya Teknik that led the security management solution in the terminal, said Synectics in a statement issued today in Sheffield, England.
Airport operator PT. Angkasa Pura II (Persero) - (AP II) uses Synergy 3 to monitor and manage more than 6,000 integrated safety and security edge devices from a range of sub-systems; including CCTV cameras, access control panels, fire alarm points, baggage x-ray scanners and intelligent video analytics.
Synergy 3 flexible and open platform of database agnostic enable alarms, events, security, process control sub-systems, video and data to be monitored, recorded, and managed from a single unified operator interface.
The fully customizable user interface and user-driven dynamic workflows that ensure compliance with Standard Operating Procedures (SOP's) were key features for AP II.
"Synectics was selected for this project because they were able to demonstrate extensive experience in designing and delivering mission critical solutions. It was essential we selected a partner who could provide a reliable, resilient and scalable solution that supported integration with multiple edge device sub systems.
"Another critical factor was the need to have access to dedicated local support, which Synectics provides through its regional office in Singapore," explained Linda Hadi, Vice Director at Jaya Teknik TICT Division in the same statement.
The development of the Terminal 3 Ultimate at Jakarta's Soekarno-Hatta International Airport, in conjunction with the revitalization of Terminal 1 and Terminal 2, is part of the Indonesian Government's plans to boost annual passenger numbers beyond 60 million people.
--BERNAMA
http://www.bernama.com.my/bernama/v8/newsindex.php?id=1119988
The Internet Divide In ASEAN Economics
KUALA LUMPUR, March 24 (Bernama) -- A report on "Unleashing the Potential of the Internet for ASEAN economies" revealed that the Internet has become more pervasive with the cost of not going online is only set to rise.
Many countries in the ASEAN region still suffer from poor Internet coverage, low bandwidth and unaffordable access, said the authors of the report Internet Society (ISOC) and consulting and research firm TRPC in a statement issued today in Manila, the Philippines.
The ASEAN governments have made some progress in recent years through various e-government projects. However, Internet penetration across the region varies widely and the cost of digital divide is profound.
The report was released during the 'ISOC-TRPC Rethinking the Digital Economy' forum in Manila.
The report also identified the concrete steps necessary to unleash the potential of the Internet and transform the 10 ASEAN member economies (Brunei, Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam) into a highly competitive, single market and production base.
Against the backdrop of the Asean Economic Community (AEC), the report highlights that countries should look beyond basic connectivity and focus on the interconnectivity of the Internet. This will underpin the economic integration and social inclusion in the ASEAN region and usher in the digital economy.
"The ASEAN region represents over 600 million people and is one of the fastest growing regions in the world, with a projected real average GDP growth rate of 5.4 percent per annum between 2014-2018. As a single entity, it would represent the seventh largest global economy.
"In order to take advantage of this economic power and realize the AEC's goals, the region will need to look beyond basic connectivity and focus on the interconnectivity of the Internet, which will underpin the economic integration and usher in the digital economy," explained Rajnesh Singh, the Internet Society's Regional Bureau Director for Asia Pacific in the same statement.
--BERNAMA
http://www.bernama.com.my/bernama/v8/newsindex.php?id=1119992
Many countries in the ASEAN region still suffer from poor Internet coverage, low bandwidth and unaffordable access, said the authors of the report Internet Society (ISOC) and consulting and research firm TRPC in a statement issued today in Manila, the Philippines.
The ASEAN governments have made some progress in recent years through various e-government projects. However, Internet penetration across the region varies widely and the cost of digital divide is profound.
The report was released during the 'ISOC-TRPC Rethinking the Digital Economy' forum in Manila.
The report also identified the concrete steps necessary to unleash the potential of the Internet and transform the 10 ASEAN member economies (Brunei, Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam) into a highly competitive, single market and production base.
Against the backdrop of the Asean Economic Community (AEC), the report highlights that countries should look beyond basic connectivity and focus on the interconnectivity of the Internet. This will underpin the economic integration and social inclusion in the ASEAN region and usher in the digital economy.
"The ASEAN region represents over 600 million people and is one of the fastest growing regions in the world, with a projected real average GDP growth rate of 5.4 percent per annum between 2014-2018. As a single entity, it would represent the seventh largest global economy.
"In order to take advantage of this economic power and realize the AEC's goals, the region will need to look beyond basic connectivity and focus on the interconnectivity of the Internet, which will underpin the economic integration and usher in the digital economy," explained Rajnesh Singh, the Internet Society's Regional Bureau Director for Asia Pacific in the same statement.
--BERNAMA
http://www.bernama.com.my/bernama/v8/newsindex.php?id=1119992
Monday 23 March 2015
Global Streaming Service Platforms Officially Unify Under One Name, TIDAL
Once Divided between TIDAL And WIMP, Service Now Falls Under TIDAL Name
TIDAL becomes a one-stop platform for music, video and other exclusive content
KUALA LUMPUR, March 23 (Bernama)-- Marking the beginning of a new era of music and video experiences for consumers everywhere, TIDAL is now the sole name for the service that was once divided between streaming services TIDAL and WiMP.
http://mrem.bernama.com/viewsm.php?idm=24073
TIDAL becomes a one-stop platform for music, video and other exclusive content
KUALA LUMPUR, March 23 (Bernama)-- Marking the beginning of a new era of music and video experiences for consumers everywhere, TIDAL is now the sole name for the service that was once divided between streaming services TIDAL and WiMP.
http://mrem.bernama.com/viewsm.php?idm=24073
A.M. Best Affirms Ratings of Fubon Insurance Co., Ltd.
KUALA LUMPUR, March 23 (Bernama) -- A.M. Best has affirmed the financial strength rating of A (Excellent) and the issuer credit rating of "a+" of Fubon Insurance Co., Ltd. (Fubon Insurance) (Taiwan). The outlook for both ratings remains stable.
The ratings reflect Fubon Insurance's well-established market-leading position, strong risk-adjusted capitalization and consistently profitable operating results.
http://mrem.bernama.com/viewsm.php?idm=24070
The ratings reflect Fubon Insurance's well-established market-leading position, strong risk-adjusted capitalization and consistently profitable operating results.
http://mrem.bernama.com/viewsm.php?idm=24070
Friday 20 March 2015
Global Meat Sales Grow By 3 Percent In 2014
KUALA LUMPUR, March 20 (Bernama) -- Euromonitor International's new market research on global fresh food industry indicated sales growth of 3 percent for global meat to 255 million tonnes in 2014, driven by growing demand in emerging markets.
The report also indicated meat demand declined in developed markets due to the recession at Greece, said Euromonitor in a statement issued today in London.
Beside Greece, meat consumption decline also recorded in Germany and Netherlands. The US has also registered a negative growth of -1 percent last year.
Health, ethical, sustainability and religious issues have given meat a bad name. A number of Western consumers are embracing vegetarianism and veganism or adopting a pescetarian, flexitarian or vegetable-oriented diet.
Increased prosperity and rising populations are key drivers for meat consumption in emerging markets.
For example, since 2009, India's annual disposable income has improved by 95 percent and meat consumption has increased by nearly 50 percent during the same time period.
"In developed markets, poultry wins shares of consumer stomachs at the expense of red meat, which is gaining a bad reputation due to health concerns.
"Surprisingly, lamb and goat are also on the rise in these markets due to increasing interest in exotic and rare meats, as well as the growing popularity of Middle Eastern cuisine," explained Anastasia Alieva, Head of Fresh Food Research at Euromonitor International in the same statement.
--BERNAMA
The report also indicated meat demand declined in developed markets due to the recession at Greece, said Euromonitor in a statement issued today in London.
Beside Greece, meat consumption decline also recorded in Germany and Netherlands. The US has also registered a negative growth of -1 percent last year.
Health, ethical, sustainability and religious issues have given meat a bad name. A number of Western consumers are embracing vegetarianism and veganism or adopting a pescetarian, flexitarian or vegetable-oriented diet.
Increased prosperity and rising populations are key drivers for meat consumption in emerging markets.
For example, since 2009, India's annual disposable income has improved by 95 percent and meat consumption has increased by nearly 50 percent during the same time period.
"In developed markets, poultry wins shares of consumer stomachs at the expense of red meat, which is gaining a bad reputation due to health concerns.
"Surprisingly, lamb and goat are also on the rise in these markets due to increasing interest in exotic and rare meats, as well as the growing popularity of Middle Eastern cuisine," explained Anastasia Alieva, Head of Fresh Food Research at Euromonitor International in the same statement.
--BERNAMA
http://www.bernama.com/bernama/v8/newsindex.php?id=1119357
Thursday 19 March 2015
Euromonitor's White Paper Discusses On Cities In China
KUALA LUMPUR, March 19 (Bernama) -- Euromonitor's White Paper discussion entitled "Cities in China: Economic and Consumer Dynamics for Successful Business" reported that China has devoted itself to an evolving growth structure by expanding domestic consumption and investment.
The increase in per capita disposable income has promoted urbanization, creating more balanced development between urban and rural areas, said Euromonitor in a statement issued today in Chicago, the United States.
However, in order to best capitalize on growth, Euromonitor suggests companies should create territory strategies to connect with potential consumer bases.
Euromonitor has analyzed the business environment and consumer trends by cities in China, developing tiers for each. These tiers highlight the economic and demographics of each city, making it easier for businesses to identify their target market.
"Companies such as Starbucks plan to have a total of 1,500 outlets by 2015 and many of the new openings will be in Tier 3 and lower areas.
"However, five years ago around 70 percent of their company's 400 total outlets were located in Tier 1 cities. Using our tier strategy, businesses can best identify their target markets and begin utilizing strategies to reach those Chinese consumers," explained James Chen, Senior Consulting Manager in the same statement.
To download the white paper, visit: http://go.euromonitor.com/white-paper-cities-china-economic-consumer-dynami
-- BERNAMA
http://www.bernama.com/bernama/v8/newsindex.php?id=1118434
Wednesday 18 March 2015
80 Years of Innovation Drives Continued Success at Merck's Consumer Health Business
KUALA LUMPUR, March 18 (Bernama)-- Merck's Consumer Health business has finished 2014 with robust financial performance. Entering 2015, this year marks 80 years since the launch of Merck's Seven Seas brand in the UK, reflecting the firm's rich heritage of product innovation and development.
80 years of success
2015 is exactly 80 years since the launch of Merck's Seven Seas franchise - a company originally created by a consortium of trawler owners in East Yorkshire, England to produce fish oil supplements on highest purity levels. Since its foundation in 1935, Seven Seas has become a household name, supplying a diverse range of products in more than 100 countries worldwide. The brand continues to innovate and launch even more consumer focused solutions, best demonstrated by the launch of Perfect 7 in fall 2014.
http://mrem.bernama.com/viewsm.php?idm=24044
80 years of success
2015 is exactly 80 years since the launch of Merck's Seven Seas franchise - a company originally created by a consortium of trawler owners in East Yorkshire, England to produce fish oil supplements on highest purity levels. Since its foundation in 1935, Seven Seas has become a household name, supplying a diverse range of products in more than 100 countries worldwide. The brand continues to innovate and launch even more consumer focused solutions, best demonstrated by the launch of Perfect 7 in fall 2014.
http://mrem.bernama.com/viewsm.php?idm=24044
TOYOTA MOTOR Launches Global Street Music Campaign, 'Feeling the Street'
KUALA LUMPUR, March 18 (Bernama) --
TOYOTA MOTOR CORPORATION announced on March 18 the launch of "Feeling the Street," a global street music initiative. Around the world, some of the most vibrant musical performances take place on street corners. That talent now has a home with the launch of "Feeling the Street" (www.feelingthestreet.com), an online campaign that celebrates some of the world's best buskers.
TOYOTA for the first time gives the general public a chance to select the world's best street performers by voting for their favorite artists to create an ultimate Global Street Band.
http://mrem.bernama.com/viewsm.php?idm=24042
TOYOTA MOTOR CORPORATION announced on March 18 the launch of "Feeling the Street," a global street music initiative. Around the world, some of the most vibrant musical performances take place on street corners. That talent now has a home with the launch of "Feeling the Street" (www.feelingthestreet.com), an online campaign that celebrates some of the world's best buskers.
TOYOTA for the first time gives the general public a chance to select the world's best street performers by voting for their favorite artists to create an ultimate Global Street Band.
http://mrem.bernama.com/viewsm.php?idm=24042
Black Diamond Reveal 2014 Fourth Quarter, Full Year Results
KUALA LUMPUR, March 18 (Bernama) -- Black Diamond, Inc., a global leader in innovative active outdoor performance equipment and apparel, has revealed its fourth quarter and full year financial results ending Dec 31, 2014.
During the fourth quarter of 2014, sales had increased by 10 percent to $59.4 million (RM219 million) compared with $54.1 million (RM200 million) in the same year-ago quarter, said Black Diamond in a statement issued in Salt Lake City, Utah, the United States.
Its gross margin increased 160 basis points to 39.0 percent compared with 37.4 percent in the year-ago quarter. The increase was primarily due to both a favorable mix of higher margin products and channel mix. Partially offset by a 175 basis point impact from foreign exchange.
Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) increased by 37 percent to $3.4 million (RM12 million), net income from continuing operations before non-cash items increased 36 percent to $3.1 million (RM11 million) or $0.09 (RM0.33) per diluted share.
For Full year 2014 sales, it increased 15 percent to $193.1 million (RM714 million) compared with $168.1 million (RM621 million) in 2013.Gross margin increased 250 basis points to 38.8 percent compared with 36.3 percent in 2013.
Adjusted EBITDA increased to $2.9 million (RM10 million) compared with a loss of $1.6 million (RM5 million) in 2013, net income from continuing operations exclude the non-cash items was $0.8 million (RM2.9 million) or $0.03 (RM0.11) per diluted share.
"We have executed against nearly all of its objectives, including the sale of Gregory, the focus on our core and fastest growing brands, and the development of a series of initiatives to improve margins and profitability.
"Our strong fourth quarter results reflect this execution, with 13 percent constant currency sales growth, a 160 basis point improvement in gross margin and a 37 percent increase in adjusted EBITDA," explained Peter Metcalf, CEO of Black Diamond in the same statement.
-- BERNAMA
http://www.bernama.com/bernama/v8/bu/newsbusiness.php?id=1117947
During the fourth quarter of 2014, sales had increased by 10 percent to $59.4 million (RM219 million) compared with $54.1 million (RM200 million) in the same year-ago quarter, said Black Diamond in a statement issued in Salt Lake City, Utah, the United States.
Its gross margin increased 160 basis points to 39.0 percent compared with 37.4 percent in the year-ago quarter. The increase was primarily due to both a favorable mix of higher margin products and channel mix. Partially offset by a 175 basis point impact from foreign exchange.
Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) increased by 37 percent to $3.4 million (RM12 million), net income from continuing operations before non-cash items increased 36 percent to $3.1 million (RM11 million) or $0.09 (RM0.33) per diluted share.
For Full year 2014 sales, it increased 15 percent to $193.1 million (RM714 million) compared with $168.1 million (RM621 million) in 2013.Gross margin increased 250 basis points to 38.8 percent compared with 36.3 percent in 2013.
Adjusted EBITDA increased to $2.9 million (RM10 million) compared with a loss of $1.6 million (RM5 million) in 2013, net income from continuing operations exclude the non-cash items was $0.8 million (RM2.9 million) or $0.03 (RM0.11) per diluted share.
"We have executed against nearly all of its objectives, including the sale of Gregory, the focus on our core and fastest growing brands, and the development of a series of initiatives to improve margins and profitability.
"Our strong fourth quarter results reflect this execution, with 13 percent constant currency sales growth, a 160 basis point improvement in gross margin and a 37 percent increase in adjusted EBITDA," explained Peter Metcalf, CEO of Black Diamond in the same statement.
-- BERNAMA
http://www.bernama.com/bernama/v8/bu/newsbusiness.php?id=1117947
Tuesday 17 March 2015
Kennedy Health Awards Mach7 Contract for Enterprise Imaging Platform
Mach7 Platform Helps Healthcare Providers UnPAC Imaging Intelligence Enterprise Wide
KUALA LUMPUR, March 17 (Bernama)-- Kennedy Health, named one of the best hospitals in the U.S. by U.S. News & World Report, selected Mach7 Technologies® vendor neutral archive (VNA), Enterprise Imaging Platform, and zero-footprint universal Clinical Viewer. Kennedy Health joins leading healthcare systems across the globe selecting Mach7 including Raffles Hospital, Singapore General Hospital, and Medical Imaging in Singapore.
http://mrem.bernama.com/viewsm.php?idm=24031
KUALA LUMPUR, March 17 (Bernama)-- Kennedy Health, named one of the best hospitals in the U.S. by U.S. News & World Report, selected Mach7 Technologies® vendor neutral archive (VNA), Enterprise Imaging Platform, and zero-footprint universal Clinical Viewer. Kennedy Health joins leading healthcare systems across the globe selecting Mach7 including Raffles Hospital, Singapore General Hospital, and Medical Imaging in Singapore.
http://mrem.bernama.com/viewsm.php?idm=24031
Monday 16 March 2015
F-Secure Champions Digital Safety for Malaysian SMEs
KUALA LUMPUR, March 16 (Bernama) -- F-Secure, a leading online security and privacy company with a strong presence in Malaysia, is extending its reach to small and medium enterprises (SMEs) throughout the country by signing a partnership agreement with leading IT distributor Jardine OneSolution (JOS).
Paul Palmer, F-Secure Vice President, APAC, and JOS General Manager (Distribution Division) Chuah Kee Heng inked the agreement this afternoon.
http://mrem.bernama.com/viewsm.php?idm=24026
Paul Palmer, F-Secure Vice President, APAC, and JOS General Manager (Distribution Division) Chuah Kee Heng inked the agreement this afternoon.
http://mrem.bernama.com/viewsm.php?idm=24026
Toshiba to Supply Steam Turbine and Generator for Duyen Hai 3 Extension Coal-fired Power Plant in Vietnam
KUALA LUMPUR, March 16 (Bernama)-- Toshiba Corporation (TOKYO:6502) today announced that it has received an order to supply 688MW super-critical steam turbine and generator (STG) for Duyen Hai 3 Extension Coal-fired Power Plant in the Duyen Hai district of Tra Vinh Province, Vietnam. The contract was awarded by Japan’s Sumitomo Corporation, the engineering, procurement and construction (EPC) contractor for the project. Toshiba will make delivery in 2016 and the plant will start operation in 2018.
Power demand in Vietnam is rising fast, driven by strong economic growth. Supply and demand is particularly tight in southern Vietnam, and the government is preferentially developing capacity there. Duyen Hai 3 Extension Project is one of three urgent projects.
http://mrem.bernama.com/viewsm.php?idm=24023
Power demand in Vietnam is rising fast, driven by strong economic growth. Supply and demand is particularly tight in southern Vietnam, and the government is preferentially developing capacity there. Duyen Hai 3 Extension Project is one of three urgent projects.
http://mrem.bernama.com/viewsm.php?idm=24023
Berkshire Hathaway Specialty Insurance Names Min Ong to Lead Energy Business in Singapore
KUALA LUMPUR, March 16 (Bernama) -- Berkshire Hathaway Specialty Insurance (BHSI) today announced another key addition to its leadership team in Asia, naming Min Ong as Asia Regional Head of Energy, based in Singapore.
Malin Fredriksson, Asia Regional Head of First Party Lines, said, “Min brings to the BHSI team over two decades of energy underwriting and management expertise across the UK and Asian markets, enabling BHSI to move strongly into Energy lines across Asia”.
http://mrem.bernama.com/viewsm.php?idm=24022
Malin Fredriksson, Asia Regional Head of First Party Lines, said, “Min brings to the BHSI team over two decades of energy underwriting and management expertise across the UK and Asian markets, enabling BHSI to move strongly into Energy lines across Asia”.
http://mrem.bernama.com/viewsm.php?idm=24022
Friday 13 March 2015
A.M. Best Affirms Ratings of Sun Hung Kai Properties Insurance Limited
KUALA LUMPUR, March 13 (Bernama) -- A.M. Best has affirmed the financial strength rating of A (Excellent) and the issuer credit rating of “a” of Sun Hung Kai Properties Insurance Limited (SHKPI) (Hong Kong). The outlook for both ratings remains stable.
The rating affirmations reflect SHKPI's favorable risk-adjusted capitalization, as measured by the Best Capital Adequacy Ratio (BCAR), and strong operating performance that supports organic growth in capitalization. The ratings also recognize SHKPI’s business profile as being a wholly-owned subsidiary of the much larger Sun Hung Kai Properties Limited (SHKP), a leading property development and investment conglomerate based in Hong Kong. SHKPI has a relatively secure and stable source of premium income derived from the construction and non-construction business activities undertaken by SHKP that requires minimal acquisition costs. The company's investment portfolio is managed under the investment arm of SHKP, which has demonstrated a track record of consistently good investment returns for SHKPI over the past five years.
http://mrem.bernama.com/viewsm.php?idm=24013
The rating affirmations reflect SHKPI's favorable risk-adjusted capitalization, as measured by the Best Capital Adequacy Ratio (BCAR), and strong operating performance that supports organic growth in capitalization. The ratings also recognize SHKPI’s business profile as being a wholly-owned subsidiary of the much larger Sun Hung Kai Properties Limited (SHKP), a leading property development and investment conglomerate based in Hong Kong. SHKPI has a relatively secure and stable source of premium income derived from the construction and non-construction business activities undertaken by SHKP that requires minimal acquisition costs. The company's investment portfolio is managed under the investment arm of SHKP, which has demonstrated a track record of consistently good investment returns for SHKPI over the past five years.
http://mrem.bernama.com/viewsm.php?idm=24013
Thursday 12 March 2015
Nasdaq Selects Optionscity Software As NFX Vendor
KUALA LUMPUR, March 12 (Bernama) -- OptionsCity Software, a global provider of electronic trading solutions for professional futures and options traders, is the preferred independent software vendor for Nasdaq Futures (NFX), the exchange group's U.S. based designated contract market (DCM).
Through NFX, Nasdaq would expand its commodities business with futures and options on key energy benchmarks including oil, natural gas and U.S. power, which would launch in 2015, said Nasdaq in a statement issued today in Boca Raton, Florida, the United States.
OptionsCity will support Nasdaq energy futures immediately at launch with OptionsCity's flagship product, Metro NOW. Using Metro NOW, which will launch to all of OptionsCity's customers later this month, professional traders and financial institutions can customize their trading experience with robust pricing, execution and risk-management tools.
"Market participants will be able to leverage OptionsCity's innovative platform for electronic futures and options trading, and their widely used risk management system when accessing our energy futures offering.
"Ultimately, our coordination with OptionsCity will empower us to better serve energy market participants around the world," explained Magnus Haglind, Chief Executive Officer at Nasdaq Futures in the same statement.
Nasdaq's Global Commodities business offers trading and clearing solutions for various related assets including power, natural gas and carbon emission markets, tanker and dry cargo freight, fuel oil, seafood derivatives, iron ore, electricity certificates and clearing services.
-- BERNAMA
http://www.bernama.com.my/bernama/v8/bu/newsbusiness.php?id=1116385
Through NFX, Nasdaq would expand its commodities business with futures and options on key energy benchmarks including oil, natural gas and U.S. power, which would launch in 2015, said Nasdaq in a statement issued today in Boca Raton, Florida, the United States.
OptionsCity will support Nasdaq energy futures immediately at launch with OptionsCity's flagship product, Metro NOW. Using Metro NOW, which will launch to all of OptionsCity's customers later this month, professional traders and financial institutions can customize their trading experience with robust pricing, execution and risk-management tools.
"Market participants will be able to leverage OptionsCity's innovative platform for electronic futures and options trading, and their widely used risk management system when accessing our energy futures offering.
"Ultimately, our coordination with OptionsCity will empower us to better serve energy market participants around the world," explained Magnus Haglind, Chief Executive Officer at Nasdaq Futures in the same statement.
Nasdaq's Global Commodities business offers trading and clearing solutions for various related assets including power, natural gas and carbon emission markets, tanker and dry cargo freight, fuel oil, seafood derivatives, iron ore, electricity certificates and clearing services.
-- BERNAMA
http://www.bernama.com.my/bernama/v8/bu/newsbusiness.php?id=1116385
Intertek Launches Transformer Oil Testing in Singapore
KUALA LUMPUR, March 12 (Bernama)-- Intertek, a leading provider of quality and safety services to a wide range of industries around the world, is now providing transformer oil quality testing in Singapore, under the global TransoilCHECK™ program.
TransoilCHECK™ is a preventive oil condition based maintenance program providing owners and operators with important quality testing results and condition trend-monitoring information. Test results are sent to clients with easy-to-read summaries and recommendations.
http://mrem.bernama.com/viewsm.php?idm=24002
TransoilCHECK™ is a preventive oil condition based maintenance program providing owners and operators with important quality testing results and condition trend-monitoring information. Test results are sent to clients with easy-to-read summaries and recommendations.
http://mrem.bernama.com/viewsm.php?idm=24002
A.M. Best Briefing: China's Regulator Strengthens Governance and Capitalization of the Reinsurance Sector
KUALA LUMPUR, March 12 (Bernama) -- A.M. Best has released a new briefing that explores the impact of China’s second-generation solvency regime – known as the China Risk Oriented Solvency System (C-ROSS) – on insurance companies operating in the country. C-ROSS, which was implemented by the China Insurance Regulatory Commission (CIRC) in February 2015, is effective immediately; however, a transitional period will allow insurance companies to follow the current solvency regime while simultaneously submitting a solvency report based on the new requirements.
http://mrem.bernama.com/viewsm.php?idm=24004
http://mrem.bernama.com/viewsm.php?idm=24004
Wednesday 11 March 2015
A.M. Best Affirms Ratings of The Education Benevolent Society Incorporated
KUALA LUMPUR, March 11 (Bernama) -- A.M. Best has affirmed the financial strength rating of B++ (Good) and the issuer credit rating of “bbb” of The Education Benevolent Society Incorporated (EBS) (New Zealand). The outlook for both ratings is stable.
The ratings primarily reflect EBS’ strong risk-adjusted capitalization and consistently favorable operating results.
http://mrem.bernama.com/viewsm.php?idm=23997
The ratings primarily reflect EBS’ strong risk-adjusted capitalization and consistently favorable operating results.
http://mrem.bernama.com/viewsm.php?idm=23997
Harris CapRock Delivering Enhanced Internet Access for Carnival Cruise Line Fleet
KUALA LUMPUR, March 11 (Bernama) -- Harris CapRock Communications, a premier global provider of managed communication solutions, is delivering increased bandwidth levels to enhance Internet access on Carnival Cruise Line ships as part of a fleetwide rollout that enables the line to provide the optimal amount of bandwidth and communications services to its guests.
As part of the program, Carnival is offering passengers a wide range of convenient Internet access options as well as the cruise industry’s first-ever social media package including unlimited access to popular sites and apps such as Twitter, Facebook, Instagram, Pinterest, LinkedIn and Snapchat, for a flat rate of $5 per day. Unlike other Internet packages, Carnival’s social media packages provide guests with a flexible, convenient and highly affordable option for updating their favorite social media channels while cruising the open seas.
As part of the program, Carnival is offering passengers a wide range of convenient Internet access options as well as the cruise industry’s first-ever social media package including unlimited access to popular sites and apps such as Twitter, Facebook, Instagram, Pinterest, LinkedIn and Snapchat, for a flat rate of $5 per day. Unlike other Internet packages, Carnival’s social media packages provide guests with a flexible, convenient and highly affordable option for updating their favorite social media channels while cruising the open seas.
Monday 9 March 2015
A.M. Best Affirms Ratings of BNZ Life Insurance Limited
KUALA LUMPUR, March 9 (Bernama) -- A.M. Best has affirmed the financial strength rating of A (Excellent) and the issuer credit rating of “a” of BNZ Life Insurance Limited (BNZ Life) (New Zealand). The outlook for both ratings remains stable.
The rating affirmations reflect BNZ Life’s favorable balance sheet strength and consistently strong operating performance relative to the industry average. As an affiliated company of Bank of New Zealand Limited (BNZ Bank), BNZ Life benefits from a lower distribution cost than the independent financial advisors channel, as well as BNZ Bank’s strong brand recognition.
http://mrem.bernama.com/viewsm.php?idm=23983
The rating affirmations reflect BNZ Life’s favorable balance sheet strength and consistently strong operating performance relative to the industry average. As an affiliated company of Bank of New Zealand Limited (BNZ Bank), BNZ Life benefits from a lower distribution cost than the independent financial advisors channel, as well as BNZ Bank’s strong brand recognition.
http://mrem.bernama.com/viewsm.php?idm=23983
Friday 6 March 2015
GCG Issues Statement On The Proposed RMBS Settlement
KUALA LUMPUR, March 6 (Bernama) -- The Deutsche Bank National Trust Company has given its notice of the RMBS Settlement dated April 7, 2014 on Jan 30, 2015.
This notice was delivered by RMBS Trustees under certain applicable Pooling and Servicing Agreements or other similar agreements governing the Accepting Trusts and Loan Groups (the "Governing Agreements"), said GCG in a statement issued Friday in Lake Success, New York.
The RMBS Trustees' acceptance of the Settlement Agreement extended the Tolling Period for the Accepting Trusts and Loan Groups as set forth in Section 2.04 of the Settlement Agreement.
The RMBS Trustees have commenced a judicial instruction proceeding pursuant to CPLR 7701, In the Matter of the Application of U.S. Bank National Association, et al., (Index No. 653902/2014) (the "Article 77 Proceeding"), in the Supreme Court of the State of New York, County of New York (the "Court").
Following the Article 77 Hearing, the Court will determine, among other things, whether to grant the requested judgment and will consider other important matters described in the Settlement Agreement.
This notice references certain terms of the Settlement Agreement and the Article 77 Proceeding and is not a complete summary or statement of the material terms thereof, of relevant law or legal procedures.
Certificateholders and other potentially interested persons are urged to review carefully the Settlement Agreement and to consider its implications, including the releases of the Rep and Warranty Claims.
-- BERNAMA
http://www.bernama.com/bernama/v8/newsindex.php?id=1114645
Thursday 5 March 2015
Vision, Provider of Overseas Mobile Wi-Fi Router Rental Service Global WiFi, Launches NINJA WiFi
KUALA LUMPUR, March 5 (Bernama) --
- New Service Caters to Foreign Visitors to Japan to Solve Wi-Fi Trouble -
Vision Inc., which provides "Global WiFi," the low-priced and high-network quality mobile Wi-Fi router rental service for overseas, launched "NINJA WiFi" (http://www.ninjawifi.com) as a new service for foreign visitors to Japan on March 5.
According to the Japan National Tourism Office (JNTO), foreign visitors to Japan in 2014 jumped 28% over a year ago to a record 13.41 million people (*1).But what the foreign visitors wanted most during stay in Japan were Wi-Fi connection services; according to foreign visitors' consumption survey, 50.1% of them cited the problem (*2).
TOUR PROGRAM FOR INTERNATIONAL TRANSIT PASSENGERS AT NARITA AIRPORT
KUALA LUMPUR, March 5 (Bernama)--
- "Narita-transit Tour" Begins on March 1, 2015 –
"Narita-transit Tour" for international transit passengers at Narita International Airport was inaugurated on March 1. Five attractive courses are available to appreciate Japanese nature, culture and other features.
http://mrem.bernama.com/viewsm.php?idm=23975
- "Narita-transit Tour" Begins on March 1, 2015 –
"Narita-transit Tour" for international transit passengers at Narita International Airport was inaugurated on March 1. Five attractive courses are available to appreciate Japanese nature, culture and other features.
http://mrem.bernama.com/viewsm.php?idm=23975
Allied World to Pay Quarterly Dividend
KUALA LUMPUR, March 5 (Bernama)-- Allied World Assurance Company Holdings, AG (NYSE:AWH) today announced that it has approved a quarterly dividend equal to $0.225 per share payable on April 2, 2015 to shareholders of record on March 24, 2015. The company's transfer agent will make dividend payments in United States dollars.
The amount of the payment in Swiss francs (CHF) will be based on the USD/CHF exchange rate as published by The Wall Street Journal on March 10, 2015.
http://mrem.bernama.com/viewsm.php?idm=23968
The amount of the payment in Swiss francs (CHF) will be based on the USD/CHF exchange rate as published by The Wall Street Journal on March 10, 2015.
http://mrem.bernama.com/viewsm.php?idm=23968
Wednesday 4 March 2015
XAXIS TAPS TECH INDUSTRY EXECUTIVE KARL BUNCH AS VP, GLOBAL PRODUCT DEVELOPMENT
| KUALA LUMPUR, March 4 (Bernama) -- Xaxis, the world's largest programmatic media and technology platform, announced today it has named Karl Bunch as vice president, global product development. Bunch brings several decades at the forefront of the technology and programmatic industries to the role, where he will be responsible for leading demand side operations, supporting audience buying, optimization, reporting, analytics and campaign planning tools. Bunch previously served as chief technology officer at ad technology platform iSocket, prior to its acquisition by the Rubicon Project. He has also held senior positions at AppNexus where his responsibilities included defining and growing the company’s agency and marketer business, helping build out the company’s mobile products business and guiding advertisers in maximizing their digital spend. Other experience includes serving as chief solutions officer at digital media holding company CPXi and as SVP, strategic technology at Warner Music Group. |
Thomas A. Kloet Elected to Nasdaq's Board of Directors
Thirty-Year Industry Veteran Brings Exchange Leadership to Board
KUALA LUMPUR, March 4 (Bernama) -- Nasdaq (Nasdaq:NDAQ) today announced that Thomas A. Kloet, former Chief Executive Officer of TMX Group Limited, the Toronto-based stock exchange owner and operator, was elected to Nasdaq's Board of Directors as a non-executive director. Mr Kloet was CEO of TMX from 2008 until his retirement in October 2014.
Mr Kloet previously served on a number of boards, including: TMX Group, Bermuda Stock Exchange, Chicago Mercantile Exchange, CBOE Futures Exchange, Chicago Stock Exchange, World Federation of Exchanges, National Futures Association, and the Investment Industry Regulatory Organization of Canada (IIROC). He also recently served as Chairman of the Board for the BOX Options Exchange. He is currently a member of the Commodity Futures Trading Commission's (CFTC) Market Risk Advisory Committee.
http://mrem.bernama.com/viewsm.php?idm=23961
KUALA LUMPUR, March 4 (Bernama) -- Nasdaq (Nasdaq:NDAQ) today announced that Thomas A. Kloet, former Chief Executive Officer of TMX Group Limited, the Toronto-based stock exchange owner and operator, was elected to Nasdaq's Board of Directors as a non-executive director. Mr Kloet was CEO of TMX from 2008 until his retirement in October 2014.
Mr Kloet previously served on a number of boards, including: TMX Group, Bermuda Stock Exchange, Chicago Mercantile Exchange, CBOE Futures Exchange, Chicago Stock Exchange, World Federation of Exchanges, National Futures Association, and the Investment Industry Regulatory Organization of Canada (IIROC). He also recently served as Chairman of the Board for the BOX Options Exchange. He is currently a member of the Commodity Futures Trading Commission's (CFTC) Market Risk Advisory Committee.
http://mrem.bernama.com/viewsm.php?idm=23961
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