LONGMEN, China, Aug. 30, 2017 /Xinhua-AsiaNet/--
Longmen, a mountainous county with beautiful scenery, a blend of civilization and ancient culture, has become a good example of high quality living circle based on the Guangdong-Hong Kong-Macao Greater Bay Area to build up an artsy place. Blessed with green vacation, healthy hot spring, pastoral scenery and folk customs, the flourishing tourism opens a new window for the county development. According to statistics, the annual tourism revenue of Longmen reached 4.93 billion RMB in 2016, with a year-on-year growth of 34.3%.
Subordinated to Guangdong province, Longmen, a historical county lying in the core zone of the Guangdong-Hong Kong-Macao Greater Bay Area, is known as "an oasis on the Tropic of Cancer". As a mountainous county with hills accounted for more than 73% of the total area, and the forest coverage rate of 76.6%, Longmen enjoys the names of "the most beautiful cultural and ecological tourism county" and "hometown of Chinese folk culture and art", and is one of the best areas in the Pearl River Delta in terms of ecological environment. All these culture evolutions have been significantly marked down by the farmer painting.
http://mrem.bernama.com/viewsm.php?idm=29922
Thursday, 31 August 2017
Wednesday, 30 August 2017
A.M. BEST COMMENTS ON CREDIT RATINGS OF FIRST CAPITAL INSURANCE LIMITED
SINGAPORE, Aug 30 (Bernama-BUSINESS WIRE) -- A.M. Best has commented that the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” of First Capital Insurance Limited (First Capital) (Singapore) remain unchanged following the recent announcement that the company will be acquired.
Mitsui Sumitomo Insurance Company, Limited will acquire a 97.7% stake in First Capital from Fairfax Financial Holdings Limited. Funding for the acquisition is expected to come from cash-on-hand. First Capital’s day-to-day operations are likely to continue as normal in the near term.
The transaction remains subject to regulatory approval and is expected to close in the first quarter of 2018. A.M. Best will continue to hold discussions with management and shareholders of the company to monitor the acquisition progress.
http://mrem.bernama.com/viewsm.php?idm=29918
Mitsui Sumitomo Insurance Company, Limited will acquire a 97.7% stake in First Capital from Fairfax Financial Holdings Limited. Funding for the acquisition is expected to come from cash-on-hand. First Capital’s day-to-day operations are likely to continue as normal in the near term.
The transaction remains subject to regulatory approval and is expected to close in the first quarter of 2018. A.M. Best will continue to hold discussions with management and shareholders of the company to monitor the acquisition progress.
http://mrem.bernama.com/viewsm.php?idm=29918
Tuesday, 29 August 2017
A.M. BEST REVISES ISSUER CREDIT RATING OUTLOOK TO STABLE FOR PVI INSURANCE CORPORATION
SINGAPORE, Aug 28 (Bernama-BUSINESS WIRE) -- A.M. Best has revised the outlook to stable from positive for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term ICR of “bbb” of PVI Insurance Corporation (PVI Insurance) (Vietnam). The outlook of the FSR remains stable.
PVI Insurance’s overall profit margin has declined due to intensifying competition in its retail business, while business from the Vietnam National Oil & Gas Group, which has been an important source of profits, also has declined. PVI Insurance’s combined ratio increased to the high 90s in 2016 from the high 80s in 2014. The revision of PVI Insurance’s Long-Term ICR outlook to stable from positive reflects this trend of a reduced profit margin.
PVI Insurance’s risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR), remains strong and is supported by a large proportion of investments in cash and deposits, as well as the high quality of its reinsurance panel. PVI Insurance is one of the largest non-life insurers in Vietnam and remains dominant in the energy, marine, property and engineering market segments. In addition, A.M. Best expects PVI Insurance to continue to receive financial and operational support from parent firm, PVI Holdings, and from Vietnam National Oil & Gas Group, the largest state-owned enterprise in Vietnam, as well as Talanx AG, one of the leading insurance groups in Europe.
PVI Insurance’s overall profit margin has declined due to intensifying competition in its retail business, while business from the Vietnam National Oil & Gas Group, which has been an important source of profits, also has declined. PVI Insurance’s combined ratio increased to the high 90s in 2016 from the high 80s in 2014. The revision of PVI Insurance’s Long-Term ICR outlook to stable from positive reflects this trend of a reduced profit margin.
PVI Insurance’s risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR), remains strong and is supported by a large proportion of investments in cash and deposits, as well as the high quality of its reinsurance panel. PVI Insurance is one of the largest non-life insurers in Vietnam and remains dominant in the energy, marine, property and engineering market segments. In addition, A.M. Best expects PVI Insurance to continue to receive financial and operational support from parent firm, PVI Holdings, and from Vietnam National Oil & Gas Group, the largest state-owned enterprise in Vietnam, as well as Talanx AG, one of the leading insurance groups in Europe.
SUNDANCE ENERGY AUSTRALIA LIMITED PROVIDES PRODUCTION UPDATE FOLLOWING HURRICANE HARVEY
DENVER, Aug 29 (Bernama-GLOBE NEWSWIRE) -- Sundance Energy Australia Limited (ASX:SEA) (NASDAQ:SNDE) (“Sundance” or the “Company”), a U.S. onshore oil and gas exploration and production company focused in the Eagle Ford in South Texas, shut in approximately 75% of its Eagle Ford production on Friday, August 25, 2017 in the United States to ensure the safety its local employees and protect from potential environmental and equipment damage due to Hurricane Harvey. Forecasted high winds of over 140 miles per hour and over 40 inches of rain are expected to cause catastrophic flooding. The hurricane has caused the majority of midstream and downstream natural gas and crude oil infrastructure to be shut down across the Texas Gulf Coast.
http://mrem.bernama.com/viewsm.php?idm=29911
http://mrem.bernama.com/viewsm.php?idm=29911
COMPASS OFFICES EXPANDS AND INSPIRES WITH NEW WORKSPACE IN SINGAPORE
Compass Offices introduces a workplace where workstyle meets lifestyle in the heart of Singapore’s CBD
SINGAPORE, Aug 29 (Bernama-BUSINESS WIRE) -- Compass
Offices today announced the expansion and redesign of its flexible
workspace at Singapore Land Tower with the addition of a second floor
featuring purposefully-built serviced offices, breakout and co-working
spaces – a new concept that will be implemented into all Compass’s
workspaces across APAC.
Located in the heart of Singapore’s Central Business District, over 660 workstations will occupy the 19th and 30th floors of the Singapore Land Tower. This new concept of office and co-working offers modern, functional and inspiring spaces combined with cutting edge IT and executive services, making the difference from other more informal spaces.
By providing everything from flexible workspaces, mail handling, professional services, advanced IT&T, plus multi-functional work areas catering to a mix of workstyles, Compass clients will be able to keep overheads to a minimum, while focusing on growing their businesses.
“The decision to expand and re-imagine our centre was a logical step in our business growth strategy,” said Andrew Chung, CEO of Compass Offices. “The area is rich with innovation and diverse talent giving us the opportunity to further increase our ability to service current and future clients.”
Going beyond Wi-Fi and free coffee, professional, personal and social gains come as added bonuses that are more advantageous to the way Compass Clients approach business and success. The new business environments spanning two floors are not only stimulating, inspiring, and fun, but will also lead to new business collaborations and increased levels of productivity and income as a result of being part of an expanding business network.
Singapore Land Tower is located next to Raffles Place surrounded by boutiques and luxury retail stores, flagship hotels, art galleries, restaurants and night life. All this contributes to the area's dynamic character meaning that you’re always a stone’s throw away from the best social and business options that Singapore has to offer.
About Compass Offices
Compass Offices is a dynamic community of industries and skill sets, connected by a collaborative mindset, supportive attitude and entrepreneurial spirit. Our clientele includes growing start-ups, entrepreneurs, independent professionals and enterprise teams. Founded in 2009, Compass Offices has grown to over 30 centres with a network of more than 10,000 workstations in eight cities.
Located in the heart of Singapore’s Central Business District, over 660 workstations will occupy the 19th and 30th floors of the Singapore Land Tower. This new concept of office and co-working offers modern, functional and inspiring spaces combined with cutting edge IT and executive services, making the difference from other more informal spaces.
By providing everything from flexible workspaces, mail handling, professional services, advanced IT&T, plus multi-functional work areas catering to a mix of workstyles, Compass clients will be able to keep overheads to a minimum, while focusing on growing their businesses.
“The decision to expand and re-imagine our centre was a logical step in our business growth strategy,” said Andrew Chung, CEO of Compass Offices. “The area is rich with innovation and diverse talent giving us the opportunity to further increase our ability to service current and future clients.”
Going beyond Wi-Fi and free coffee, professional, personal and social gains come as added bonuses that are more advantageous to the way Compass Clients approach business and success. The new business environments spanning two floors are not only stimulating, inspiring, and fun, but will also lead to new business collaborations and increased levels of productivity and income as a result of being part of an expanding business network.
Singapore Land Tower is located next to Raffles Place surrounded by boutiques and luxury retail stores, flagship hotels, art galleries, restaurants and night life. All this contributes to the area's dynamic character meaning that you’re always a stone’s throw away from the best social and business options that Singapore has to offer.
About Compass Offices
Compass Offices is a dynamic community of industries and skill sets, connected by a collaborative mindset, supportive attitude and entrepreneurial spirit. Our clientele includes growing start-ups, entrepreneurs, independent professionals and enterprise teams. Founded in 2009, Compass Offices has grown to over 30 centres with a network of more than 10,000 workstations in eight cities.
Source: Compass Offices
PALO ALTO STARTUP 8TH WALL LAUNCHES CROSS-PLATFORM TOOLS FOR MOBILE AR
8th Wall XR provides a single solution for developing AR apps on all iOS and Android phones
PALO ALTO, Calif., Aug. 29 (Bernama-GLOBE NEWSWIRE) -- 8th Wall, Inc. announced today 8th Wall XR, the world's first Augmented Reality (AR) platform that works on all commonly available iOS and Android phones and integrates seamlessly with ARKit (Apple) and Tango (Google).
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/51163dc6-2e25-4f8d-a653-d797786f1e26
Founded in August 2016, 8th Wall is a Palo Alto startup made up of an all-star team of ex-Google and Facebook engineers with extensive experience in computer vision, machine learning and product development. Passionate about AR, the team believes that the shift to widespread AR adoption will start with today's mobile phones. As a result they have been working on a suite of native tools that make it effortless to develop AR applications for mobile.
http://mrem.bernama.com/viewsm.php?idm=29910
PALO ALTO, Calif., Aug. 29 (Bernama-GLOBE NEWSWIRE) -- 8th Wall, Inc. announced today 8th Wall XR, the world's first Augmented Reality (AR) platform that works on all commonly available iOS and Android phones and integrates seamlessly with ARKit (Apple) and Tango (Google).
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/51163dc6-2e25-4f8d-a653-d797786f1e26
Founded in August 2016, 8th Wall is a Palo Alto startup made up of an all-star team of ex-Google and Facebook engineers with extensive experience in computer vision, machine learning and product development. Passionate about AR, the team believes that the shift to widespread AR adoption will start with today's mobile phones. As a result they have been working on a suite of native tools that make it effortless to develop AR applications for mobile.
http://mrem.bernama.com/viewsm.php?idm=29910
ESRI'S ARCGIS HUB SHINES IN GEOSMART ASIA 2017
With an increasing number of cities worldwide adopting Esri's ArcGIS Hub, the concept is expected to usher in a new wave of Smart Cities in Asia.
KUALA LUMPUR, Aug 28 (Bernama) -- Today, cities account for more than 50 per cent of the world's population and produce 80 per cent of global Gross Domestic Product. By 2045, this figure is expected to grow by a further 1.5 times.
According to Brett Dixon, General Manager of Esri Asia Pacific, a growth pattern like this clearly indicates that the future sustainability of our communities depends on smarter governed cities.
KUALA LUMPUR, Aug 28 (Bernama) -- Today, cities account for more than 50 per cent of the world's population and produce 80 per cent of global Gross Domestic Product. By 2045, this figure is expected to grow by a further 1.5 times.
According to Brett Dixon, General Manager of Esri Asia Pacific, a growth pattern like this clearly indicates that the future sustainability of our communities depends on smarter governed cities.
Monday, 28 August 2017
USERS RECOMMEND HMINERS MINING RIGS FOR FAST AND GUARANTEED ROI
Hminers, a trusted manufacturer of cryptocurrency mining products, has recently hit the headlines with their three multi-algorithm mining rigs. Numerous users have already recommended these products for a guaranteed return on investment within less than a month.
MIAMI, Aug 28 (Bernama-GLOBE NEWSWIRE) -- Hminers continues to strengthen their position in the rapidly growing global industry for cryptocurrencies, with their advanced range of mining rigs. Within a relatively short lifespan in the highly competitive market, three extremely efficient mining rigs from the company have received a promising response from several users. These users suggest that the mining rigs from www.Hminers.com have provided them fast and guaranteed return on their investment.
http://mrem.bernama.com/viewsm.php?idm=29901
MIAMI, Aug 28 (Bernama-GLOBE NEWSWIRE) -- Hminers continues to strengthen their position in the rapidly growing global industry for cryptocurrencies, with their advanced range of mining rigs. Within a relatively short lifespan in the highly competitive market, three extremely efficient mining rigs from the company have received a promising response from several users. These users suggest that the mining rigs from www.Hminers.com have provided them fast and guaranteed return on their investment.
http://mrem.bernama.com/viewsm.php?idm=29901
A.M. BEST REVISES OUTLOOKS TO STABLE FOR PVI REINSURANCE JOINT-STOCK CORPORATION
SINGAPORE, Aug 28 (Bernama-BUSINESS WIRE) -- A.M. Best has revised the outlooks to stable from positive and affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” of PVI Reinsurance Joint-stock Corporation (PVI Re) (Vietnam).
In April 2013, A.M. Best revised the outlooks to positive from stable in consideration of plans for capital injections into PVI Re. Since then, the company’s capital position has been well below the levels presented originally. The company’s presence in Vietnam’s reinsurance market remains limited, and it relies significantly on its sister company, PVI Insurance Corporation (PVI Insurance), for business volumes. At the same time, the environment for oil- and gas-related insurance business has become increasingly challenging due to low energy prices. The revision of the outlooks to stable from positive reflects these developments.
http://mrem.bernama.com/viewsm.php?idm=29902
In April 2013, A.M. Best revised the outlooks to positive from stable in consideration of plans for capital injections into PVI Re. Since then, the company’s capital position has been well below the levels presented originally. The company’s presence in Vietnam’s reinsurance market remains limited, and it relies significantly on its sister company, PVI Insurance Corporation (PVI Insurance), for business volumes. At the same time, the environment for oil- and gas-related insurance business has become increasingly challenging due to low energy prices. The revision of the outlooks to stable from positive reflects these developments.
http://mrem.bernama.com/viewsm.php?idm=29902
Friday, 25 August 2017
A.M. BEST AFFIRMS CREDIT RATINGS OF KOREA P&I CLUB
HONG KONG, Aug 25 (Bernama-BUSINESS WIRE) -- A.M. Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of Korea P&I Club (KP&I) (South Korea). The outlook of these Credit Ratings (ratings) is stable.
The ratings reflect KP&I’s solid risk-adjusted capitalization and adequate operating performance. Additionally, the club has a favorable business profile, offering protection and indemnity (P&I) insurance coverage primarily to its members in Korea.
KP&I’s risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR), remains strong, owing to its low underwriting leverage and conservative investment profile. Although the club has slightly increased its net retention limit in 2017, A.M. Best expects its risk-adjusted capitalization to remain at solid levels, underpinned by its prudent underwriting guidance.
The club has maintained profitable operating performance over the past five years while reporting a modest level of volatility in key metrics, primarily driven by underwriting performance.
KP&I has gradually increased its premium income in 2017 amid the prolonged recession in the shipping market, due to various initiatives including a new coinsurance program with an International Group of P&I club member to target the larger vessel market in Korea.
While positive rating actions are unlikely in the near future, negative rating actions could occur if there is a material decrease in the club’s risk-adjusted capitalization or sustained deterioration in its operating performance.
Ratings are communicated to rated entities prior to publication. Unless stated otherwise, the ratings were not amended subsequent to that communication.
This press release relates to Credit Ratings that have been published on A.M. Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see A.M. Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Best’s Credit Ratings. For information on the proper media use of Best’s Credit Ratings and A.M. Best press releases, please view Guide for Media - Proper Use of Best’s Credit Ratings and A.M. Best Rating Action Press Releases.
A.M. Best is the world’s oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.
Copyright © 2017 by A.M. Best Rating Services, Inc. and/or its subsidiaries. ALL RIGHTS RESERVED.
The ratings reflect KP&I’s solid risk-adjusted capitalization and adequate operating performance. Additionally, the club has a favorable business profile, offering protection and indemnity (P&I) insurance coverage primarily to its members in Korea.
KP&I’s risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR), remains strong, owing to its low underwriting leverage and conservative investment profile. Although the club has slightly increased its net retention limit in 2017, A.M. Best expects its risk-adjusted capitalization to remain at solid levels, underpinned by its prudent underwriting guidance.
The club has maintained profitable operating performance over the past five years while reporting a modest level of volatility in key metrics, primarily driven by underwriting performance.
KP&I has gradually increased its premium income in 2017 amid the prolonged recession in the shipping market, due to various initiatives including a new coinsurance program with an International Group of P&I club member to target the larger vessel market in Korea.
While positive rating actions are unlikely in the near future, negative rating actions could occur if there is a material decrease in the club’s risk-adjusted capitalization or sustained deterioration in its operating performance.
Ratings are communicated to rated entities prior to publication. Unless stated otherwise, the ratings were not amended subsequent to that communication.
This press release relates to Credit Ratings that have been published on A.M. Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see A.M. Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Best’s Credit Ratings. For information on the proper media use of Best’s Credit Ratings and A.M. Best press releases, please view Guide for Media - Proper Use of Best’s Credit Ratings and A.M. Best Rating Action Press Releases.
A.M. Best is the world’s oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.
Copyright © 2017 by A.M. Best Rating Services, Inc. and/or its subsidiaries. ALL RIGHTS RESERVED.
Contacts
A.M. Best
Seewon Oh, +852 2827 3404
Associate Director, Analytics
seewon.oh@ambest.com
or
Moungmo Lee, +65 6589 8412
Managing Director, Analytics
moungmo.lee@ambest.com
or
Christopher Sharkey, +1 908 439 2200, ext. 5159
Manager, Public Relations
christopher.sharkey@ambest.com
or
Jim Peavy, +1 908 439 2200, ext. 5644
Director, Public Relations
james.peavy@ambest.com
Seewon Oh, +852 2827 3404
Associate Director, Analytics
seewon.oh@ambest.com
or
Moungmo Lee, +65 6589 8412
Managing Director, Analytics
moungmo.lee@ambest.com
or
Christopher Sharkey, +1 908 439 2200, ext. 5159
Manager, Public Relations
christopher.sharkey@ambest.com
or
Jim Peavy, +1 908 439 2200, ext. 5644
Director, Public Relations
james.peavy@ambest.com
Source: A.M. Best
A.M. BEST AFFIRMS CREDIT RATINGS OF HANWHA GENERAL INSURANCE COMPANY LIMITED
HONG KONG, Aug 25 (Bernama-BUSINESS WIRE) -- A.M. Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of Hanwha General Insurance Company Limited (HGI) (South Korea). The outlook of these Credit Ratings (ratings) is stable.
The ratings reflect HGI’s adequate risk-adjusted capitalization and recent improvement in its operating results. In addition, the ratings incorporate the implicit and explicit support the company receives from its parent company, Hanwha Life Insurance Co., Ltd.
HGI’s risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR), decreased in 2016 due to an increase in investment and underwriting risks that was stronger than the growth of capital and surplus. The company reported strong growth in net premium income in 2016, driven by increases in premium rates and retention in its major business line of long-term insurance. However, the current ratings are supported by factors that include HGI’s proactive capital management strategies and conservative investment portfolio. Moreover, the company reported considerable improvement in profitability over the past three years, owing to measures such as restructuring its insurance portfolio and increases in premium rates.
Partially offsetting rating factors include the company’s increased reliance on reinsurance arrangements for its long-term insurance business line and its high asset leverage, which could cause volatility in profitability and capitalization. Positive rating actions could occur if HGI demonstrates a stable track record in operating performance and capitalization. Negative rating actions could occur if the company’s operating performance or risk-adjusted capitalization deteriorates significantly, or if there is a sizeable decline in the parent company’s financial strength and credit profile.
Ratings are communicated to rated entities prior to publication. Unless stated otherwise, the ratings were not amended subsequent to that communication.
This press release relates to Credit Ratings that have been published on A.M. Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see A.M. Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Best’s Credit Ratings. For information on the proper media use of Best’s Credit Ratings and A.M. Best press releases, please view Guide for Media - Proper Use of Best’s Credit Ratings and A.M. Best Rating Action Press Releases.
A.M. Best is the world’s oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.
Copyright © 2017 by A.M. Best Rating Services, Inc. and/or its subsidiaries. ALL RIGHTS RESERVED.
The ratings reflect HGI’s adequate risk-adjusted capitalization and recent improvement in its operating results. In addition, the ratings incorporate the implicit and explicit support the company receives from its parent company, Hanwha Life Insurance Co., Ltd.
HGI’s risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR), decreased in 2016 due to an increase in investment and underwriting risks that was stronger than the growth of capital and surplus. The company reported strong growth in net premium income in 2016, driven by increases in premium rates and retention in its major business line of long-term insurance. However, the current ratings are supported by factors that include HGI’s proactive capital management strategies and conservative investment portfolio. Moreover, the company reported considerable improvement in profitability over the past three years, owing to measures such as restructuring its insurance portfolio and increases in premium rates.
Partially offsetting rating factors include the company’s increased reliance on reinsurance arrangements for its long-term insurance business line and its high asset leverage, which could cause volatility in profitability and capitalization. Positive rating actions could occur if HGI demonstrates a stable track record in operating performance and capitalization. Negative rating actions could occur if the company’s operating performance or risk-adjusted capitalization deteriorates significantly, or if there is a sizeable decline in the parent company’s financial strength and credit profile.
Ratings are communicated to rated entities prior to publication. Unless stated otherwise, the ratings were not amended subsequent to that communication.
This press release relates to Credit Ratings that have been published on A.M. Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see A.M. Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Best’s Credit Ratings. For information on the proper media use of Best’s Credit Ratings and A.M. Best press releases, please view Guide for Media - Proper Use of Best’s Credit Ratings and A.M. Best Rating Action Press Releases.
A.M. Best is the world’s oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.
Copyright © 2017 by A.M. Best Rating Services, Inc. and/or its subsidiaries. ALL RIGHTS RESERVED.
Contacts
A.M. Best
Seewon Oh, +852 2827 3404
Associate Director, Analytics
seewon.oh@ambest.com
or
Moungmo Lee, +65 6589 8412
Managing Director, Analytics
moungmo.lee@ambest.com
or
Christopher Sharkey, +1 908 439 2200, ext. 5159
Manager, Public Relations
christopher.sharkey@ambest.com
or
Jim Peavy, +1 908 439 2200, ext. 5644
Director, Public Relations
james.peavy@ambest.com
Seewon Oh, +852 2827 3404
Associate Director, Analytics
seewon.oh@ambest.com
or
Moungmo Lee, +65 6589 8412
Managing Director, Analytics
moungmo.lee@ambest.com
or
Christopher Sharkey, +1 908 439 2200, ext. 5159
Manager, Public Relations
christopher.sharkey@ambest.com
or
Jim Peavy, +1 908 439 2200, ext. 5644
Director, Public Relations
james.peavy@ambest.com
Source: A.M. Best
WEWORK RECEIVES $4.4 BILLION INVESTMENT FROM SOFTBANK GROUP AND SOFTBANK VISION FUND
NEW YORK, Aug 25 (Bernama-BUSINESS WIRE) -- Today, WeWork Companies (“WeWork”) announced an agreement for a $4.4 billion investment from the SoftBank Group (“SoftBank”) and the SoftBank Vision Fund (“Vision Fund”).
This investment will accelerate WeWork’s ability to connect more people to WeWork's global community, which currently stands at approximately 150,000 members, as well as further expand WeWork’s physical presence across the globe.
http://mrem.bernama.com/viewsm.php?idm=29892
This investment will accelerate WeWork’s ability to connect more people to WeWork's global community, which currently stands at approximately 150,000 members, as well as further expand WeWork’s physical presence across the globe.
http://mrem.bernama.com/viewsm.php?idm=29892
GRAMINEX L.L.C. OPENS NEW OFFICE IN SEOUL, KOREA, GRAMINEX KOREA CO., LTD.
SAGINAW, Mich., Aug 25 (Bernama-BUSINESS WIRE) -- Graminex® LLC, producer of Graminex® Flower Pollen Extracts™, is pleased to announce the opening of Graminex® Korea Co., Ltd. Sun-Ho Frank Kim, Ph.D. has been appointed Managing Director of the local office in Seoul, Korea.
Dr. Sun-Ho Frank Kim has extensive international experience in the pharmaceutical, dietary supplement and food industries. Prior to joining Graminex®, Dr. Sun-Ho Frank Kim, held the position of Director at Kunpoong Bio, Branch Manager at US based TSI Health Science and Business Executive Advisor at CJ CheilJedang, developing and implementing sales and marketing strategies. Additionally, Dr. Sun-Ho Frank Kim, brings his scientific background and KFDA experience to Graminex®. Dr. Sun-Ho Frank Kim earned a Doctor of Science degree in Biomaterial Sciences from Yonsei University, Korea.
http://mrem.bernama.com/viewsm.php?idm=29887
Dr. Sun-Ho Frank Kim has extensive international experience in the pharmaceutical, dietary supplement and food industries. Prior to joining Graminex®, Dr. Sun-Ho Frank Kim, held the position of Director at Kunpoong Bio, Branch Manager at US based TSI Health Science and Business Executive Advisor at CJ CheilJedang, developing and implementing sales and marketing strategies. Additionally, Dr. Sun-Ho Frank Kim, brings his scientific background and KFDA experience to Graminex®. Dr. Sun-Ho Frank Kim earned a Doctor of Science degree in Biomaterial Sciences from Yonsei University, Korea.
http://mrem.bernama.com/viewsm.php?idm=29887
HERBALIFE NUTRITION EXTENDS TITLE SPONSORSHIP FOR BALI INTERNATIONAL TRIATHLON 2017
JAKARTA, Indonesia, Aug 24 (Bernama-BUSINESS WIRE) -- Global nutrition company, Herbalife has been named as the title sponsor of the Bali International Triathlon for the third consecutive year. Called the Herbalife Bali International Triathlon 2017, the event will be held at Mertasari Beach in Sanur, Bali on Sunday, October 15.
"We are proud to return as the title sponsor of the Bali International Triathlon for the third time running. The sports sponsorship exemplifies our commitment to a healthy, active life, supported by good nutrition," said Shobie Ann King, Vice President, Southeast Asia at Herbalife Nutrition. "We have been supporting the Bali International Triathlon since its inception in 2007, and are delighted to see the event has grown from strength to strength. We look forward to working closely with the organisers to spread our messages on good nutrition to as many people as possible."
"We are proud to return as the title sponsor of the Bali International Triathlon for the third time running. The sports sponsorship exemplifies our commitment to a healthy, active life, supported by good nutrition," said Shobie Ann King, Vice President, Southeast Asia at Herbalife Nutrition. "We have been supporting the Bali International Triathlon since its inception in 2007, and are delighted to see the event has grown from strength to strength. We look forward to working closely with the organisers to spread our messages on good nutrition to as many people as possible."
PAYBYPHONE APPOINTS FRANCIS DUPUIS AS NEW CEO
VANCOUVER, British Columbia, Aug 24 (Bernama-GLOBE NEWSWIRE) --PayByPhone, the global leader in mobile parking payments, today announced that it has appointed Francis Dupuis as President and Chief Executive Officer effective August 23rd, 2017. Kush Parikh, former President and CEO, has stepped down from the role after his successful 3.5-year term with the business. During his time at PayByPhone, Kush led the business to profitability, established a strong focus on end customers and was pivotal in its ground-breaking sale to Volkswagen Financial Services.
“With more than 20 years of experience in the software industry and a deep product background, Francis is exactly the kind of leader we need to further grow and innovate in the parking market on an international scale,” said Stefan Imme, Head of M&A and Investment Management at Volkswagen Financial Services AG.
Francis, a long-standing member of the executive team at PayByPhone, takes the reins at a pivotal time for the company. The recent acquisition of PayByPhone by Volkswagen Financial Service AG gives the PayByPhone team unprecedented access to the automotive industry at a time when smart parking and smart city initiatives are booming.
"I'm very excited about the opportunity we have to build on our history of innovation and continue to drive the transformation of the parking industry," Francis Dupuis said. "We’re extremely well poised to grow the business to its true potential."
ABOUT PAYBYPHONE
PayByPhone is one of the fastest growing mobile payments companies in the world, processing more than $325 million in payments annually. Through the company's mobile web, smartphone and smartwatch applications, PayByPhone helps millions of consumers easily and securely pay for parking without the hassles of waiting in line, having to carry change or risking costly fines.
Thomas Nguyen, Marketing Manager
tnguyen@paybyphone.com
Source : PayByPhone
--BERNAMA
“With more than 20 years of experience in the software industry and a deep product background, Francis is exactly the kind of leader we need to further grow and innovate in the parking market on an international scale,” said Stefan Imme, Head of M&A and Investment Management at Volkswagen Financial Services AG.
Francis, a long-standing member of the executive team at PayByPhone, takes the reins at a pivotal time for the company. The recent acquisition of PayByPhone by Volkswagen Financial Service AG gives the PayByPhone team unprecedented access to the automotive industry at a time when smart parking and smart city initiatives are booming.
"I'm very excited about the opportunity we have to build on our history of innovation and continue to drive the transformation of the parking industry," Francis Dupuis said. "We’re extremely well poised to grow the business to its true potential."
ABOUT PAYBYPHONE
PayByPhone is one of the fastest growing mobile payments companies in the world, processing more than $325 million in payments annually. Through the company's mobile web, smartphone and smartwatch applications, PayByPhone helps millions of consumers easily and securely pay for parking without the hassles of waiting in line, having to carry change or risking costly fines.
Thomas Nguyen, Marketing Manager
tnguyen@paybyphone.com
Source : PayByPhone
--BERNAMA
HELLMANN'S TEAMS UP WITH STARTUP QUIQUP TO ENGAGE WITH A NEW MILLENNIAL AUDIENCE
Hellmann’s tests new direct-to-consumer model with on demand delivery service Quiqup in a collaboration connected by Unilever Foundry
LONDON, Aug 24 (Bernama-BUSINESS WIRE) -- Global dressings brand, Hellmann’s, has partnered with on-demand delivery startup Quiqup to deliver fresh ingredients to consumers at the click of a finger.
Launching its first foray into the direct-to-consumer space, Hellmann’s is working with Quiqup to launch on-demand recipe delivery via the Quiqup platform and app. Targeting shoppers who are likely to make ‘impulse purchases’, the service allows consumers to choose their favourite recipe and get all the fresh ingredients delivered to them directly within an hour.
The innovative partnership is an opportunity for Hellmann’s to engage with its consumers in a new way and will initially target the London area. The pilot allows the brand to address an unmet consumer need, taking advantage of the growing trend in the consumer behaviour of buying goods on impulse.
Through the Unilever Foundry, Hellmann’s put out a brief looking for tech solutions to help the brand further engage with a digitally savvy millennial audience. Following the platform’s unique pitch-pilot-partner process, Quiqup was identified as the ideal solution to directly engage with a new audience through a new business model.
As part of Hellmann’s strategy to connect with a new generation of millennials, Quiqup will enable the brand to reach consumers through the on-demand delivery models millennials have come to expect.
Joanna Allen, Global Brand VP for Hellmann’s, commented:
“We’re very excited to be launching this service in partnership with Quiqup. We recognised that consumers are looking to technology to help make their cooking and eating habits quicker and easier. By offering consumers the opportunity to directly shop the Hellmann’s recipes, we free up consumers’ time to focus on what they enjoy most - the pleasure of eating great tasting food. As a brand that originated in a deli, it’s an important opportunity for us to return to direct-to-consumer servicing.”
Unlike most delivery services, Quiqup isn’t tied to a specific retail outlet or size of partner. The company works with a variety of retailers ranging from big name brands to independent businesses.
Bassel El Koussa, Quiqup CEO & Co-Founder, commented:
“Partnering with Hellmann’s has provided us with an entry route to collaboration with a well-established big brand. Today’s consumers have come to expect businesses to offer fast, flexible and efficient delivery options because they recognise the scarcity of time and want to make the most of what they have. Our technology enables Hellmann’s to remain relevant to new audiences and adapt to changing digital consumer lifestyles.”
For more information on the partnership please visit: https://quiqup.com/hellmanns
Unilever Foundry, a global platform for startups to collaborate with Unilever’s 400+brands, has been an entry point for innovative tech companies for over three years, piloting over 100 startups with Unilever brands in that time.
To find out more about startup collaborations with Unilever Foundry please visit: https://foundry.unilever.com/
About Quiqup
Quiqup is a London based on demand delivery service startup formed in 2014. Founded originally to let consumers order anything from its app for local same hour delivery, Quiqup has since expanded its proposition to become vertical agnostic and to providing last mile delivery to businesses.
Since its launch, the company has delivered more than 550,000 orders and with a headcount of more than 110 employees and 2,000 self-employed couriers, the business continues to grow.
About Unilever Foundry
‘Unilever Foundry’ is a global platform for partnering with the world's best startups to accelerate innovation on a global scale. It brings together Unilever, startups, and entrepreneurs to encourage innovation and create new partnerships that deliver real and meaningful business impact. Unilever Foundry focuses on the following areas: Marketing Tech & Ad Tech, Enterprise Tech, Products & Ingredients, New Business Model Innovation and Social Impact.
The Unilever Foundry provides a single entry-point for innovative startups seeking to partner with Unilever, enabling the company’s global brands to experiment with and pilot new technologies more efficiently, effectively and speedily. It provides startups and entrepreneurs the opportunity to develop and work on global projects, access mentoring from marketing professionals, and tap into funding through Unilever Ventures. Startups are invited to apply to be part of the Unilever Foundry through visiting http://foundry.unilever.com/projects . More details on Unilever’s Sustainable Living Plan can be found here: http://www.unilever.com/sustainable-living-2014/
The Unilever Foundry (Unilever.com/foundry) works closely with Unilever Ventures, the Venture capital arm of Unilever. Unilever Ventures invests in early stage companies that could become strategically relevant to Unilever and can benefit from access to Unilever’s assets and capabilities. One of the key areas of investment for Unilever Ventures is Digital Marketing, encompassing marketing services business with a focus on mobile marketing, digital media and video, social media, content creation, eCommerce, shopper marketing and big data. Recent examples include Olapic and Blissmedia.
Contacts
Launching its first foray into the direct-to-consumer space, Hellmann’s is working with Quiqup to launch on-demand recipe delivery via the Quiqup platform and app. Targeting shoppers who are likely to make ‘impulse purchases’, the service allows consumers to choose their favourite recipe and get all the fresh ingredients delivered to them directly within an hour.
The innovative partnership is an opportunity for Hellmann’s to engage with its consumers in a new way and will initially target the London area. The pilot allows the brand to address an unmet consumer need, taking advantage of the growing trend in the consumer behaviour of buying goods on impulse.
Through the Unilever Foundry, Hellmann’s put out a brief looking for tech solutions to help the brand further engage with a digitally savvy millennial audience. Following the platform’s unique pitch-pilot-partner process, Quiqup was identified as the ideal solution to directly engage with a new audience through a new business model.
As part of Hellmann’s strategy to connect with a new generation of millennials, Quiqup will enable the brand to reach consumers through the on-demand delivery models millennials have come to expect.
Joanna Allen, Global Brand VP for Hellmann’s, commented:
“We’re very excited to be launching this service in partnership with Quiqup. We recognised that consumers are looking to technology to help make their cooking and eating habits quicker and easier. By offering consumers the opportunity to directly shop the Hellmann’s recipes, we free up consumers’ time to focus on what they enjoy most - the pleasure of eating great tasting food. As a brand that originated in a deli, it’s an important opportunity for us to return to direct-to-consumer servicing.”
Unlike most delivery services, Quiqup isn’t tied to a specific retail outlet or size of partner. The company works with a variety of retailers ranging from big name brands to independent businesses.
Bassel El Koussa, Quiqup CEO & Co-Founder, commented:
“Partnering with Hellmann’s has provided us with an entry route to collaboration with a well-established big brand. Today’s consumers have come to expect businesses to offer fast, flexible and efficient delivery options because they recognise the scarcity of time and want to make the most of what they have. Our technology enables Hellmann’s to remain relevant to new audiences and adapt to changing digital consumer lifestyles.”
For more information on the partnership please visit: https://quiqup.com/hellmanns
Unilever Foundry, a global platform for startups to collaborate with Unilever’s 400+brands, has been an entry point for innovative tech companies for over three years, piloting over 100 startups with Unilever brands in that time.
To find out more about startup collaborations with Unilever Foundry please visit: https://foundry.unilever.com/
About Quiqup
Quiqup is a London based on demand delivery service startup formed in 2014. Founded originally to let consumers order anything from its app for local same hour delivery, Quiqup has since expanded its proposition to become vertical agnostic and to providing last mile delivery to businesses.
Since its launch, the company has delivered more than 550,000 orders and with a headcount of more than 110 employees and 2,000 self-employed couriers, the business continues to grow.
About Unilever Foundry
‘Unilever Foundry’ is a global platform for partnering with the world's best startups to accelerate innovation on a global scale. It brings together Unilever, startups, and entrepreneurs to encourage innovation and create new partnerships that deliver real and meaningful business impact. Unilever Foundry focuses on the following areas: Marketing Tech & Ad Tech, Enterprise Tech, Products & Ingredients, New Business Model Innovation and Social Impact.
The Unilever Foundry provides a single entry-point for innovative startups seeking to partner with Unilever, enabling the company’s global brands to experiment with and pilot new technologies more efficiently, effectively and speedily. It provides startups and entrepreneurs the opportunity to develop and work on global projects, access mentoring from marketing professionals, and tap into funding through Unilever Ventures. Startups are invited to apply to be part of the Unilever Foundry through visiting http://foundry.unilever.com/projects . More details on Unilever’s Sustainable Living Plan can be found here: http://www.unilever.com/sustainable-living-2014/
The Unilever Foundry (Unilever.com/foundry) works closely with Unilever Ventures, the Venture capital arm of Unilever. Unilever Ventures invests in early stage companies that could become strategically relevant to Unilever and can benefit from access to Unilever’s assets and capabilities. One of the key areas of investment for Unilever Ventures is Digital Marketing, encompassing marketing services business with a focus on mobile marketing, digital media and video, social media, content creation, eCommerce, shopper marketing and big data. Recent examples include Olapic and Blissmedia.
Contacts
Source: Unilever Foundry
A.M. BEST COMMENTS ON CREDIT RATINGS OF MITSUI SUMITOMO INSURANCE COMPANY, LIMITED
HONG KONG, Aug 25 (Bernama-BUSINESS WIRE) -- A.M. Best has commented that the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Rating of “aa” of Mitsui Sumitomo Insurance Company, Limited (MSI) (Japan) remain unchanged following its announced acquisition of First Capital Insurance Limited (First Capital).
This Credit Rating (rating) commentary follows MS&AD Insurance Group Holdings, Inc.’s (MS&AD) announcement on Aug. 24 2017, that its wholly owned subsidiary, MSI, has entered an agreement to acquire a 97.7% stake in First Capital from Fairfax Financial Holdings Limited.
http://mrem.bernama.com/viewsm.php?idm=29891
This Credit Rating (rating) commentary follows MS&AD Insurance Group Holdings, Inc.’s (MS&AD) announcement on Aug. 24 2017, that its wholly owned subsidiary, MSI, has entered an agreement to acquire a 97.7% stake in First Capital from Fairfax Financial Holdings Limited.
http://mrem.bernama.com/viewsm.php?idm=29891
Thursday, 24 August 2017
INCREASED DIGITALISATION WILL BOOST SALES OF ELECTRONICS TO REACH ALMOST 700 BILLION DOLLARS IN 2022
SINGAPORE, Aug 23 (Bernama-BUSINESS WIRE) -- Euromonitor International released today new data on the global consumer electronics industry.
According to the new research, consumer electronics sales will grow by 4.4 percent in the next five years, reaching 699.8 billion dollars by 2022. Emerging markets such as China and India will lead this growth, driven by a fast-growing middle class and their growing income.
According to the new research, consumer electronics sales will grow by 4.4 percent in the next five years, reaching 699.8 billion dollars by 2022. Emerging markets such as China and India will lead this growth, driven by a fast-growing middle class and their growing income.
A.M. BEST AFFIRMS CREDIT RATINGS OF ROYAL INSURANCE CORPORATION OF BHUTAN LIMITED
SINGAPORE, Aug 24 (Bernama-BUSINESS WIRE) -- A.M. Best has affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” of Royal Insurance Corporation of Bhutan Limited (RICB) (Bhutan). The outlook of these Credit Ratings (ratings) is stable.
The ratings reflect RICB’s adequate risk-adjusted capitalization, established business profile within its domestic market and track record of strong operating performance. RICB is the larger of the two insurance companies in Bhutan, holding a dominant share of the country’s non-life market and a monopoly in its life insurance market.
The company’s strong operating performance is driven primarily by its favorable investment income and positive underwriting results. Investment income comprises primarily interest income from RICB’s sizable portfolio of loans and advances.
http://mrem.bernama.com/viewsm.php?idm=29881
The ratings reflect RICB’s adequate risk-adjusted capitalization, established business profile within its domestic market and track record of strong operating performance. RICB is the larger of the two insurance companies in Bhutan, holding a dominant share of the country’s non-life market and a monopoly in its life insurance market.
The company’s strong operating performance is driven primarily by its favorable investment income and positive underwriting results. Investment income comprises primarily interest income from RICB’s sizable portfolio of loans and advances.
http://mrem.bernama.com/viewsm.php?idm=29881
INTERNATIONAL BODY POSITIVE MENTOR, ARABELLA S. RUBY, LAUNCHES NEW FASHION COLLECTION UNDER THE XEHAR BRAND, ARABELLA BY XEHAR
Xehar’s successful ambassador marketing campaign continues to drive online sales while spreading body positive messages among millennials around the world
PLAYA VISTA, Calif., Aug 24 (Bernama-GLOBE NEWSWIRE) -- Today Xehar launches their newest collection Arabella by Xehar, an edgy and contemporary plus size fashion line targeting progressive millennials. High demand for Xehar’s custom clothing lines can be seen by the recent collection Laura by Xehar, which sold out in a record 10 days. Xehar has developed a proven method in creating collections inspired by Body Positive Mentors who have a significant social media following.
http://mrem.bernama.com/viewsm.php?idm=29878
PLAYA VISTA, Calif., Aug 24 (Bernama-GLOBE NEWSWIRE) -- Today Xehar launches their newest collection Arabella by Xehar, an edgy and contemporary plus size fashion line targeting progressive millennials. High demand for Xehar’s custom clothing lines can be seen by the recent collection Laura by Xehar, which sold out in a record 10 days. Xehar has developed a proven method in creating collections inspired by Body Positive Mentors who have a significant social media following.
http://mrem.bernama.com/viewsm.php?idm=29878
A.M. BEST AFFIRMS CREDIT RATINGS OF EQ INSURANCE COMPANY LIMITED
SINGAPORE, Aug 24 (Bernama-BUSINESS WIRE) -- A.M. Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb+” of EQ Insurance Company Limited (EQ) (Singapore). The outlook of these Credit Ratings (ratings) is stable.
The ratings reflect EQ’s adequate risk-adjusted capitalization, which has benefited from capital injections by its parent company, Citystate Capital Asia Pte. Ltd. EQ’s capital position grew by a cumulative average of approximately 7% in the five years ending Dec. 31, 2016. Its risk-adjusted capitalization is supported by low underwriting leverage and prudent investments that are held predominantly in cash and bonds.
http://mrem.bernama.com/viewsm.php?idm=29879
The ratings reflect EQ’s adequate risk-adjusted capitalization, which has benefited from capital injections by its parent company, Citystate Capital Asia Pte. Ltd. EQ’s capital position grew by a cumulative average of approximately 7% in the five years ending Dec. 31, 2016. Its risk-adjusted capitalization is supported by low underwriting leverage and prudent investments that are held predominantly in cash and bonds.
http://mrem.bernama.com/viewsm.php?idm=29879
Wednesday, 23 August 2017
BLUJAY SOLUTIONS RAISES UP TO $500 MILLION NEW FINANCING TO DRIVE ACCELERATED GROWTH
MANCHESTER, England, Aug 22 (Bernama-BUSINESS WIRE) -- BluJay Solutions, a leading provider of supply chain software and services powered by the world’s first Global Trade Network, has raised a significant new financing facility from TPG Specialty Lending and BlueBay Asset Management’s Private Debt Group. The capital will bolster BluJay’s continued expansion of its market-leading Global Trade Network and help accelerate growth. In addition, the facility allows for $200 million of additional capital to finance acquisitions as BluJay continues to expand its market-leading software solutions.
“Our Global Trade Network has been widely accepted by companies around the globe,” said Doug Braun, BluJay Solutions CEO. "They understand the power and vision of bringing thousands of supply chain participants into a single network and workflow. We are winning more deals because our Global Trade Network is resonating, and this new financing will allow us to accelerate our expansion plans.”
Over the past 18 months, the Company has attained significant milestones:
Over the past 18 months, the Company has attained significant milestones:
- Achieved record revenue and double-digit organic growth
- Fully integrated its product portfolio, delivering a seamless customer experience and a modern, intuitive user interface;
- Completed and fully integrated the acquisitions of LeanLogistics and Blackbay, solidifying the Company’s leadership in SaaS TMS and bringing a next-generation, last-mile mobility solution into the product portfolio;
- Added 269 new customers across 18 countries on four continents;
- Continued to invest heavily in its products and people – BluJay now has over 1,100 people across the organization, including 400 in engineering and product development.
“We are proud of our success. Our focus is and will always be delivering value to our customers. We measure our success by theirs,” said Braun. “This financing event provides further flexibility with respect to future acquisitions as we seek to continuously improve our Global Trade Network, reach new markets, and add new services – ultimately driving value for our customers.”
About BluJay Solutions
BluJay Solutions delivers supply chain software and services to the world’s most progressive retailers, distributors, freight forwarders, manufacturers, and logistics service providers. Transforming supply chain logistics with the BluJay Global Trade Network, we enable customers to unlock the power of more than 40,000 universally connected partners. With BluJay, companies can achieve greater trade velocity, transform their supply chain economics for disruptive advantage, and see beyond the horizon to optimize their future in the global economy. To learn more, visit: www.blujaysolutions.com, or follow us on Twitter at @myblujay and LinkedIn.
About BluJay Solutions
BluJay Solutions delivers supply chain software and services to the world’s most progressive retailers, distributors, freight forwarders, manufacturers, and logistics service providers. Transforming supply chain logistics with the BluJay Global Trade Network, we enable customers to unlock the power of more than 40,000 universally connected partners. With BluJay, companies can achieve greater trade velocity, transform their supply chain economics for disruptive advantage, and see beyond the horizon to optimize their future in the global economy. To learn more, visit: www.blujaysolutions.com, or follow us on Twitter at @myblujay and LinkedIn.
Source: BluJay Solutions
NASDAQ OFFERS PROPRIETARY U.S. EQUITY DATA FEEDS FROM EQUINIX DATA CENTER IN LONDON
NEW YORK and LONDON, Aug 23 (Bernama-GLOBE NEWSWIRE) -- Nasdaq, Inc. (Nasdaq:NDAQ) has announced the availability of proprietary U.S. equity feeds from Equinix’s London International Business Exchange™ (IBX®) data center — LD4 — located in Slough, U.K. As part of Nasdaq’s efforts to bring U.S proprietary equities data to a larger audience, Nasdaq now offers Nasdaq TotalView and Nasdaq Basic from LD4. Nasdaq Basic combines Nasdaq Best Bid and Offer (QBBO), with either Nasdaq Last Sale (NLS), or Nasdaq Last Sale Plus (NLS Plus).
“We continue to focus on working closely with our clients around the world in order to help them gain secure, efficient access to our markets,” said Jeff Kimsey, Head of Global Data Products, Nasdaq. “Buy-and sell-side clients based in the U.K. can now access our U.S. data products directly from the exchange through the Equinix LD4 data center.”
http://mrem.bernama.com/viewsm.php?idm=29873
“We continue to focus on working closely with our clients around the world in order to help them gain secure, efficient access to our markets,” said Jeff Kimsey, Head of Global Data Products, Nasdaq. “Buy-and sell-side clients based in the U.K. can now access our U.S. data products directly from the exchange through the Equinix LD4 data center.”
http://mrem.bernama.com/viewsm.php?idm=29873
MANUPORT LOGISTICS USES DESCARTES FOR SOLAS COMPLIANCE
LIER, Belgium, Aug 23 (Bernama-GLOBE NEWSWIRE) -- Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, announced that Manuport Logistics in Belgium is using the Descartes Verified Gross Mass™ (Descartes VGM™) solution to help its customers comply with the International Convention for the Safety of Life at Sea (SOLAS) regulations for container weight requirements.
“The long-standing relationship Manuport has with Descartes played an important role in our selection of the Descartes VGM solution; however, it was the rapid implementation capabilities that really differentiated Descartes,” said Luc Geerts, Strategic Accounts Manager at Manuport Logistics. “In addition, Descartes has an impressive track record in networked communication and the Descartes VGM solution uses a similar Descartes standard message format as we do for managing shipments. In the maritime industry where messaging standards are limited, Descartes greatly simplifies the process of communicating with different stakeholders in our supply chain.”
http://mrem.bernama.com/viewsm.php?idm=29863
“The long-standing relationship Manuport has with Descartes played an important role in our selection of the Descartes VGM solution; however, it was the rapid implementation capabilities that really differentiated Descartes,” said Luc Geerts, Strategic Accounts Manager at Manuport Logistics. “In addition, Descartes has an impressive track record in networked communication and the Descartes VGM solution uses a similar Descartes standard message format as we do for managing shipments. In the maritime industry where messaging standards are limited, Descartes greatly simplifies the process of communicating with different stakeholders in our supply chain.”
http://mrem.bernama.com/viewsm.php?idm=29863
ARE ZERO WASTE & ZERO PLASTIC CITIES FEASIBLE? GREEN CITY EXPERTS TO WEIGH IN AT SELANGOR FORUM
SHAH ALAM, Aug 23 (Bernama) -- This September 8th, leading experts will be at the Setia City Convention Centre to share and discuss about the benefits, challenges, pragmatism and potential of building Zero Waste and Zero Plastic cities, as part of the Selangor Smart City & Future Commerce Convention 2017.
The Green City Forum will feature speakers from the UN and the region, such as Indonesia, and the Philippines. Local waste management experts and environmental entrepreneurs will also share their thoughts on how to make businesses green, yet still profitable.
Officiated by Y.B Elizabeth Wong, Selangor Executive Council Member for Tourism, Consumer Affairs, Green Tech and Environment, the forum will see a Keynote Speech delivered by Mr. Choudhury Rudra Charan Mohanty, the Environment Programme Coordinator of the United Nations Centre for Regional Development, who will be tackling the topic titled “Towards Resource Efficient & Zero Waste Societies”.
http://mrem.bernama.com/viewsm.php?idm=29870
The Green City Forum will feature speakers from the UN and the region, such as Indonesia, and the Philippines. Local waste management experts and environmental entrepreneurs will also share their thoughts on how to make businesses green, yet still profitable.
Officiated by Y.B Elizabeth Wong, Selangor Executive Council Member for Tourism, Consumer Affairs, Green Tech and Environment, the forum will see a Keynote Speech delivered by Mr. Choudhury Rudra Charan Mohanty, the Environment Programme Coordinator of the United Nations Centre for Regional Development, who will be tackling the topic titled “Towards Resource Efficient & Zero Waste Societies”.
http://mrem.bernama.com/viewsm.php?idm=29870
PATTON AMONG TOP TEN 2017 UC SOLUTIONS PROVIDERS
Patton offers a unique set of competencies and capabilities that help companies bring their UC dreams into reality
GAITHERSBURG, Md., Aug 23 (Bernama-GLOBE NEWSWIRE) -- Patton Electronics—US manufacturer of UC, cloud, and IoT enabling solutions for carrier, enterprise and industrial networks—has been named among the top ten unified communications (UC) solutions providers according to InsightsSuccess magazine.
Patton is doing some unusual things that no other network equipment manufacturer does to enable UC implementations.
http://mrem.bernama.com/viewsm.php?idm=29865
GAITHERSBURG, Md., Aug 23 (Bernama-GLOBE NEWSWIRE) -- Patton Electronics—US manufacturer of UC, cloud, and IoT enabling solutions for carrier, enterprise and industrial networks—has been named among the top ten unified communications (UC) solutions providers according to InsightsSuccess magazine.
Patton is doing some unusual things that no other network equipment manufacturer does to enable UC implementations.
http://mrem.bernama.com/viewsm.php?idm=29865
Tuesday, 22 August 2017
A.M. BEST ASSIGNS ISSUER CREDIT RATING TO CBL CORPORATION LIMITED
SINGAPORE, Aug 21 (Bernama-BUSINESS WIRE) -- A.M. Best has assigned a Long-Term Issuer Credit Rating (rating) of “bbb-” to CBL Corporation Limited (CCL) (New Zealand). The outlook assigned to the rating is stable.
CCL is a listed company on the Australian Securities Exchange and the New Zealand Stock Exchange. The lead insurance subsidiary within this group is CBL Insurance Limited (CBL), a non-life insurer that specializes in writing building- and construction-related credit and financial surety insurance, bonding and reinsurance.
CCL’s rating reflects the use of typical notching from CBL’s current rating, which is “a-”, with a stable outlook. On a consolidated basis, CCL maintains moderate financial leverage, and A.M. Best expects CCL’s interest coverage ratios to continue to support its guideline for the assigned rating.
Factors that may lead to negative rating actions for CCL include deterioration in operating performance in the subsidiary insurance operations or a decrease in CBL’s risk-adjusted capitalization to a level that would no longer support its current ratings.
Ratings are communicated to rated entities prior to publication. Unless stated otherwise, the ratings were not amended subsequent to that communication.
CCL is a listed company on the Australian Securities Exchange and the New Zealand Stock Exchange. The lead insurance subsidiary within this group is CBL Insurance Limited (CBL), a non-life insurer that specializes in writing building- and construction-related credit and financial surety insurance, bonding and reinsurance.
CCL’s rating reflects the use of typical notching from CBL’s current rating, which is “a-”, with a stable outlook. On a consolidated basis, CCL maintains moderate financial leverage, and A.M. Best expects CCL’s interest coverage ratios to continue to support its guideline for the assigned rating.
Factors that may lead to negative rating actions for CCL include deterioration in operating performance in the subsidiary insurance operations or a decrease in CBL’s risk-adjusted capitalization to a level that would no longer support its current ratings.
Ratings are communicated to rated entities prior to publication. Unless stated otherwise, the ratings were not amended subsequent to that communication.
SHANGHAI CALLING! SHAKE SHACK IS SHANGHAI BOUND
New York’s Beloved Burger, Hot Dog and Frozen Custard Stand Heads to Mainland China
NEW YORK, Aug 22 (Bernama-BUSINESS WIRE) -- Come on by, Shanghai! Shake Shack’s expansion plans in Asia are heating up. After announcing in July that the first-ever Hong Kong location will open in 2018, plans are now underway for Shake Shack Inc. (“Shake Shack” or the “Company”) (NYSE:SHAK) and its licensee, Maxim’s Caterers Limited, to open the first restaurant in mainland China by 2019.
Maxim’s Caterers Limited has more than 60 years of experience in food and retail as a diversified operator of full-service and quick-service restaurants, bakeries, and coffee shops in Asia. As a highly respected and proven operator, Maxim’s is perfectly fit to bring Shake Shack to Shanghai and Shake Shack is proud to partner with Maxim’s Caterers Limited to open 25 total Shacks in Shanghai and East China through 2028.
http://mrem.bernama.com/viewsm.php?idm=29857
NEW YORK, Aug 22 (Bernama-BUSINESS WIRE) -- Come on by, Shanghai! Shake Shack’s expansion plans in Asia are heating up. After announcing in July that the first-ever Hong Kong location will open in 2018, plans are now underway for Shake Shack Inc. (“Shake Shack” or the “Company”) (NYSE:SHAK) and its licensee, Maxim’s Caterers Limited, to open the first restaurant in mainland China by 2019.
Maxim’s Caterers Limited has more than 60 years of experience in food and retail as a diversified operator of full-service and quick-service restaurants, bakeries, and coffee shops in Asia. As a highly respected and proven operator, Maxim’s is perfectly fit to bring Shake Shack to Shanghai and Shake Shack is proud to partner with Maxim’s Caterers Limited to open 25 total Shacks in Shanghai and East China through 2028.
http://mrem.bernama.com/viewsm.php?idm=29857
A.M. BEST AFFIRMS CREDIT RATINGS OF CHINA BOCOM INSURANCE COMPANY LIMITED
HONG KONG, Aug 21 (Bernama-BUSINESS WIRE) -- A.M. Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of China BOCOM Insurance Company Limited (CBIC) (Hong Kong). The outlook of these Credit Ratings (ratings) remains stable.
The rating affirmations reflect CBIC’s excellent risk-adjusted capitalization and the strong ties it has had with its banking parent, Bank of Communications Co., Ltd.(BOCOM), since its inception in 2000.
CBIC’s risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR), remains strong and supportive of its current ratings, and is attributed in part to the company’s low underwriting leverage. CBIC plays a strategic role within BOCOM as the group’s sole general insurance operation, and receives support from its parent in the form of business referrals, access to a distribution network, risk management, information technology and capital support.
Offsetting rating factors include CBIC’s high operating expense ratio in light of a small premium base. Competitive conditions in Hong Kong’s non-life insurance market could challenge CBIC’s underwriting profitability and business development.
Positive rating actions could occur if CBIC demonstrates significant improvement in its market position while maintaining a stable and profitable operating performance. Negative rating actions could occur if there is a material decline in CBIC’s risk-adjusted capitalization due to deterioration in its operating performance or if the support from BOCOM is weakened notably.
Ratings are communicated to rated entities prior to publication. Unless stated otherwise, the ratings were not amended subsequent to that communication.
This press release relates to Credit Ratings that have been published on A.M. Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see A.M. Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Best’s Credit Ratings. For information on the proper media use of Best’s Credit Ratings and A.M. Best press releases, please view Guide for Media - Proper Use of Best’s Credit Ratings and A.M. Best Rating Action Press Releases.
A.M. Best is the world’s oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.
Copyright © 2017 by A.M. Best Rating Services, Inc. and/or its subsidiaries. ALL RIGHTS RESERVED.
CBIC’s risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR), remains strong and supportive of its current ratings, and is attributed in part to the company’s low underwriting leverage. CBIC plays a strategic role within BOCOM as the group’s sole general insurance operation, and receives support from its parent in the form of business referrals, access to a distribution network, risk management, information technology and capital support.
Offsetting rating factors include CBIC’s high operating expense ratio in light of a small premium base. Competitive conditions in Hong Kong’s non-life insurance market could challenge CBIC’s underwriting profitability and business development.
Positive rating actions could occur if CBIC demonstrates significant improvement in its market position while maintaining a stable and profitable operating performance. Negative rating actions could occur if there is a material decline in CBIC’s risk-adjusted capitalization due to deterioration in its operating performance or if the support from BOCOM is weakened notably.
Ratings are communicated to rated entities prior to publication. Unless stated otherwise, the ratings were not amended subsequent to that communication.
This press release relates to Credit Ratings that have been published on A.M. Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see A.M. Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Best’s Credit Ratings. For information on the proper media use of Best’s Credit Ratings and A.M. Best press releases, please view Guide for Media - Proper Use of Best’s Credit Ratings and A.M. Best Rating Action Press Releases.
A.M. Best is the world’s oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.
Copyright © 2017 by A.M. Best Rating Services, Inc. and/or its subsidiaries. ALL RIGHTS RESERVED.
Contacts
A.M. Best
Eva Zheng, +852 2827 3402
Financial Analyst
eva.zheng@ambest.com
or
Christopher Sharkey, +1 908-439-2200, ext. 5159
Manager, Public Relations
christopher.sharkey@ambest.com
or
Christie Lee, +852 2827 3413
Director, Analytics
christie.lee@ambest.com
or
Jim Peavy, +1 908-439-2200, ext. 5644
Director, Public Relations
james.peavy@ambest.com
Eva Zheng, +852 2827 3402
Financial Analyst
eva.zheng@ambest.com
or
Christopher Sharkey, +1 908-439-2200, ext. 5159
Manager, Public Relations
christopher.sharkey@ambest.com
or
Christie Lee, +852 2827 3413
Director, Analytics
christie.lee@ambest.com
or
Jim Peavy, +1 908-439-2200, ext. 5644
Director, Public Relations
james.peavy@ambest.com
Source: A.M. Best
Monday, 21 August 2017
GENESIS HEALTHCARE, PIONEER IN GENETIC HEALTH TESTING, ANNOUNCES 1.4 BIL. YEN NEW SHARE ISSUE TO RAKUTEN
TOKYO, Aug 21 (Bernama) --
| Genesis Healthcare Co. has announced the completion of a new share issue worth 1.4 billion yen for allotment to Rakuten Inc. Furthermore, Rakuten's Chairman and CEO will join Genesis Healthcare's Board of Directors as an External Board Director. As a result of the new stock offering, Genesis Healthcare's capital has increased to 2.1 billion yen, one of the largest paid-in-capital levels among genetic testing companies in Japan. Genesis Healthcare, founded in 2004, already manages one of the largest genetic databases in Asia and Japan, with data of approximately 520,000 individuals as of August, 2017, and plans to increase its database size to one million by 2020. While Genesis Healthcare offers various genetic testing services to the government, medical community, academia, industry and consumers, it also offers healthcare and disease prevention test kits and IT services under the consumer brand "GeneLife" in order to enrich people's lives through personalized genetic testing. Genesis Healthcare's Co-Founder and President, Dr. Iri Sato Baran, commented: "The investment by Rakuten, a Japan leader in Internet services, will allow us to increase awareness of genetic information technology through digital healthcare for the betterment of personalized health and self-medication." http://mrem.bernama.com/viewsm.php?idm=29849 |
Friday, 18 August 2017
HMINERS DISRUPTS THE CRYPTOCURRENCY MARKET WITH POWERFUL, MULTI-ALGORITHM MINING RIGS
Hminers continues to hit the headlines in the rapidly expanding global market for cryptocurrency. The Miami-based company has recently introduced three extremely powerful, multi-algorithm mining rigs that have been designed to provide maximum hash rate with minimum power consumption.
MIAMI, Aug 18 (Bernama-GLOBE NEWSWIRE) -- In their relentless efforts to deliver state-of-the-art products related to cryptocurrency, Hminers has recently launched three brilliantly designed bitcoin mining rigs. The unique features and capabilities of the company’s new H2U Miner, H4U Miner, and Rack Equipped with 5 x H4U have already grabbed the attention of the cryptocurrency enthusiasts and experts around the world. An organization with a rich tradition, Hminers (www.hminers.com) is recognized in the industry as the creator of the first ever 10 nm ASIC Chip in the world.
http://mrem.bernama.com/viewsm.php?idm=29843
MIAMI, Aug 18 (Bernama-GLOBE NEWSWIRE) -- In their relentless efforts to deliver state-of-the-art products related to cryptocurrency, Hminers has recently launched three brilliantly designed bitcoin mining rigs. The unique features and capabilities of the company’s new H2U Miner, H4U Miner, and Rack Equipped with 5 x H4U have already grabbed the attention of the cryptocurrency enthusiasts and experts around the world. An organization with a rich tradition, Hminers (www.hminers.com) is recognized in the industry as the creator of the first ever 10 nm ASIC Chip in the world.
http://mrem.bernama.com/viewsm.php?idm=29843
MONSTAR LAB ANNOUNCES JPY 700 MILLION (US$6.3 MILLION) FUNDRAISE TO FUEL ITS GLOBAL EXPANSION
TOKYO, Aug 18 (Bernama-BUSINESS WIRE) -- Monstar Lab, Inc., a leading Japanese software development firm, has announced that it has raised JPY 700 million (US$6.3 Million) in a new round of equity financing from lead investors YJ Capital Inc., Shinsei Corporate Investment Limited, San-In Chuo Television Broadcasting Co., Ltd., Fenox Venture Capital and Tanabe Corporation, together with further investments from existing shareholders.
Monstar Lab is a leading producer of consumer and enterprise mobile apps, business software, and IoT and AR/VR applications, each customized for particular client use cases.
http://mrem.bernama.com/viewsm.php?idm=29840
Monstar Lab is a leading producer of consumer and enterprise mobile apps, business software, and IoT and AR/VR applications, each customized for particular client use cases.
http://mrem.bernama.com/viewsm.php?idm=29840
RedHill Biopharma Announces U.S. Commercialization Agreement for FDA-Approved GI Product Esomeprazole Strontium Delayed-Release Capsules
- RedHill was granted the exclusive rights to promote Esomeprazole Strontium Delayed-Release (DR) Capsules to gastroenterologists in certain U.S. territories
- Esomeprazole Strontium DR Capsules 49.3 mg is an FDA-approved, proprietary, prescription proton pump inhibitor (PPI), indicated for adults for the treatment of gastroesophageal reflux disease (GERD) and other gastrointestinal (GI) conditions
- RedHill expects to initiate the U.S. promotion of Esomeprazole Strontium DR Capsules 49.3 mg in the coming weeks
- Esomeprazole Strontium DR Capsules 49.3 mg will be the third commercial GI product to be promoted by RedHill in the U.S.
- RedHill’s GI-focused sales force currently promotes two GI specialty products in the U.S., Donnatal® and EnteraGam®, setting the stage for the potential launch of RedHill’s late clinical-stage GI products, if approved by the FDA
- PPIs are one of the most commonly prescribed class of medications in the U.S., with an estimated market value exceeding $20 billion in 2016
TEL-AVIV, Israel and RALEIGH, N.C., Aug 18 (GLOBE NEWSWIRE) -- RedHill Biopharma Ltd. (NASDAQ:RDHL) (Tel-Aviv Stock Exchange:RDHL) (“RedHill” or the “Company”), a specialty biopharmaceutical company primarily focused on late clinical-stage development and commercialization of proprietary, orally-administered, small molecule drugs for gastrointestinal and inflammatory diseases and cancer, today announced that it has entered into a commercialization agreement with ParaPRO LLC (“ParaPRO”), an Indiana-based specialty pharmaceutical company, granting RedHill the exclusive rights to promote Esomeprazole Strontium Delayed-Release Capsules to gastroenterologists in certain U.S. territories.
Esomeprazole Strontium DR Capsules 49.3 mg is a prescription proton pump inhibitor (PPI) indicated for adults for the treatment of gastroesophageal reflux disease (GERD), risk reduction of NSAID-associated gastric ulcer, H. pylori eradication to reduce the risk of duodenal ulcer recurrence and for pathological hypersecretory conditions, including Zollinger-Ellison syndrome1. Esomeprazole Strontium DR Capsules 49.3 mg is a proprietary prescription drug approved by the FDA under a New Drug Application (NDA).
Source : RedHill Biopharma Ltd.
- Esomeprazole Strontium DR Capsules 49.3 mg is an FDA-approved, proprietary, prescription proton pump inhibitor (PPI), indicated for adults for the treatment of gastroesophageal reflux disease (GERD) and other gastrointestinal (GI) conditions
- RedHill expects to initiate the U.S. promotion of Esomeprazole Strontium DR Capsules 49.3 mg in the coming weeks
- Esomeprazole Strontium DR Capsules 49.3 mg will be the third commercial GI product to be promoted by RedHill in the U.S.
- RedHill’s GI-focused sales force currently promotes two GI specialty products in the U.S., Donnatal® and EnteraGam®, setting the stage for the potential launch of RedHill’s late clinical-stage GI products, if approved by the FDA
- PPIs are one of the most commonly prescribed class of medications in the U.S., with an estimated market value exceeding $20 billion in 2016
TEL-AVIV, Israel and RALEIGH, N.C., Aug 18 (GLOBE NEWSWIRE) -- RedHill Biopharma Ltd. (NASDAQ:RDHL) (Tel-Aviv Stock Exchange:RDHL) (“RedHill” or the “Company”), a specialty biopharmaceutical company primarily focused on late clinical-stage development and commercialization of proprietary, orally-administered, small molecule drugs for gastrointestinal and inflammatory diseases and cancer, today announced that it has entered into a commercialization agreement with ParaPRO LLC (“ParaPRO”), an Indiana-based specialty pharmaceutical company, granting RedHill the exclusive rights to promote Esomeprazole Strontium Delayed-Release Capsules to gastroenterologists in certain U.S. territories.
Esomeprazole Strontium DR Capsules 49.3 mg is a prescription proton pump inhibitor (PPI) indicated for adults for the treatment of gastroesophageal reflux disease (GERD), risk reduction of NSAID-associated gastric ulcer, H. pylori eradication to reduce the risk of duodenal ulcer recurrence and for pathological hypersecretory conditions, including Zollinger-Ellison syndrome1. Esomeprazole Strontium DR Capsules 49.3 mg is a proprietary prescription drug approved by the FDA under a New Drug Application (NDA).
Source : RedHill Biopharma Ltd.
Thursday, 17 August 2017
ASCOM MYCO AND KOUTIO MÉDIPÔLE OPTIMIZE CARE COMMUNICATIONS AND RESPONSIVENESS
Enabled by the Ascom Myco smart device, the new Koutio Médipôle is realizing improved care delivery through seamless information flow from the point of care to anywhere.
BAAR, Switzerland, Aug 16 (Bernama-GLOBE NEWSWIRE) -- The new Koutio Médipôle hospital in the New Caledonian capital Nouméa, located in the southwest Pacific Ocean, has optimized patient care communications and responsiveness for the new 645-bed facility by deploying Ascom Myco Wi-Fi devices to support clinician teams and Ascom Myco Wi-Fi/GSM handsets, used across paramedic teams. The Ascom solution is seamlessly aligned with clinical workflow and applications (nurse call, pneumatic conveyors, patient transport, etc.). The hospital also utilizes a Mercury server and software solution that automatically forwards all alerts related to emergency tasks, nurse call and patient transportation location independently to the correct staff in charge via Ascom Myco smartphones and text messages. These integrated installations strengthen the Information and Communication Technology (ICT) infrastructure of the facility and increase care efficiency by displaying patient transport information made accessible and visible on the Ascom Myco handset. This improves transport efficiency by avoiding common errors and contributes to better patient care and safety. Frédéric Dosch, Deputy Director in charge of information and biomedical systems emphasizes: “Our information system combines different best of breed applications and is now enhanced with top-notch mobility features.” The Nouméa Hospital thrives to ensure premium performances for data and communication management. The Ascom Myco and the Mercury server are solid foundations clinicians can build on. Dosch explains: “In the near future, we plan to enable two new features for our transporters: geolocation and patient identity verification barcode scanning with Myco. These will boost our efficiency and ensure that a transport request is delivered to a transporter in close proximity to the patient.” |
EVERISE AND LEADING KOREAN BPO FIRM UBASE SIGN MOU FOR JOINT VENTURE
Singapore-based JV will focus on cross-selling for both firms and set up a multi-lingual, cross shoring hub in Malaysia
SEOUL & KUALA LUMPUR, Malaysia, Aug 17 (Bernama-BUSINESS WIRE) -- Everise, a partnership between Sunrise and Everstone, has signed an MoU with UBASE, a leading Korean BPO service company, to create a joint venture that will be based in Singapore. This joint venture aligns two unique BPO companies to provide an unparalleled global service experience.
Through Everise's operating unit, C3/CustomerContactChannels, UBASE will be able to expand its offerings to include English speaking call centre services based in the Far East. Similarly, C3 will be able to provide support to its clients, through UBASE, in the U.S. looking for services in Japanese, Chinese and Korean.
SEOUL & KUALA LUMPUR, Malaysia, Aug 17 (Bernama-BUSINESS WIRE) -- Everise, a partnership between Sunrise and Everstone, has signed an MoU with UBASE, a leading Korean BPO service company, to create a joint venture that will be based in Singapore. This joint venture aligns two unique BPO companies to provide an unparalleled global service experience.
Through Everise's operating unit, C3/CustomerContactChannels, UBASE will be able to expand its offerings to include English speaking call centre services based in the Far East. Similarly, C3 will be able to provide support to its clients, through UBASE, in the U.S. looking for services in Japanese, Chinese and Korean.
CALLIDUSCLOUD WINS EIGHT GOLD STEVIES® IN THE 2017 INTERNATIONAL BUSINESS AWARDS
CallidusCloud Lead to Money suite recognized as Best B2B New Product of the Year. LeadRocket voted Best New Product or Service of the Year in the Software - Lead Generation Solution category.
DUBLIN, Calif., Aug 17 (Bernama-GLOBE NEWSWIRE) -- Callidus Software Inc. (NASDAQ:CALD), a global leader in cloud-based sales, marketing, learning, and customer experience solutions, announced today that it was named the winner of eight Gold Stevie® awards in the 2017 International Business Awards.
“The eight Stevie® awards earned highlight CallidusCloud’s momentum, commitment to excellence, passion for innovation and customer orientation,” said Leslie Stretch, president and CEO of CallidusCloud. “They also recognize the benefits that the Lead to Money suite, honored as the Best New Product in Business-to-Business, accrues to its customers in terms of enabling faster, bigger, and more profitable sales.”
CallidusCloud’s Gold 2017 International Business Awards include:
The International Business Awards (IBAs) are the world’s premier business awards program. All individuals and organizations worldwide—public and private, for-profit and non-profit, large and small—are eligible to submit nominations.
DUBLIN, Calif., Aug 17 (Bernama-GLOBE NEWSWIRE) -- Callidus Software Inc. (NASDAQ:CALD), a global leader in cloud-based sales, marketing, learning, and customer experience solutions, announced today that it was named the winner of eight Gold Stevie® awards in the 2017 International Business Awards.
“The eight Stevie® awards earned highlight CallidusCloud’s momentum, commitment to excellence, passion for innovation and customer orientation,” said Leslie Stretch, president and CEO of CallidusCloud. “They also recognize the benefits that the Lead to Money suite, honored as the Best New Product in Business-to-Business, accrues to its customers in terms of enabling faster, bigger, and more profitable sales.”
CallidusCloud’s Gold 2017 International Business Awards include:
| Award Category |
| ||
| Best New Product or Service of the Year - Business-to-Business Products | Lead to Money suite | ||
| Best New Product or Service of the Year - Software - Lead Generation Solution | LeadRocket | ||
| Executive of the Year - Computer Services | Leslie Stretch, president and CEO | ||
| Innovator of the Year - Computer Services & Software | Leslie Stretch, president and CEO | ||
| Management Team of the Year - Computer Software | CallidusCloud Executive Team | ||
| Communications Team of the Year | CallidusCloud Communications Team | ||
| Video Awards - Events & Webcasts |
| ||
| Website Awards - Computer Services | The CallidusCloud Homepage |
The International Business Awards (IBAs) are the world’s premier business awards program. All individuals and organizations worldwide—public and private, for-profit and non-profit, large and small—are eligible to submit nominations.
This year, more than 3,900 nominations were reviewed in the IBAs. Stevie Award winners were determined by more than 200 executives worldwide who participated on 12 juries.
“The IBA judges from across the world were highly impressed with the nominations they reviewed this year. With nominations from 60 nations, the Stevie Awards are proud to honor organizations that demonstrate high levels of achievement in a variety of industries,” said Michael Gallagher, president and founder of the Stevie Awards.
Nicknamed Stevies for the Greek word for “crowned,” the awards will be presented to winners at a gala awards banquet at the W Hotel in Barcelona, Spain on October 21.
Details about The International Business Awards and the full list of Stevie Award winners are available at www.StevieAwards.com/IBA.
About the Stevie Awards
Stevie Awards are conferred in seven programs: the Asia-Pacific Stevie Awards, the German Stevie Awards, The American Business Awards, The International Business Awards, the Stevie Awards for Women in Business, the Stevie Awards for Great Employers and the Stevie Awards for Sales & Customer Service. Stevie Awards competitions receive more than 10,000 nominations each year from organizations in more than 60 nations. Honoring organizations of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about the Stevie Awards at www.StevieAwards.com.
About CallidusCloud
Callidus Software Inc. (NASDAQ: CALD), doing business as CallidusCloud®, is the global leader in cloud-based sales, marketing, learning, and customer experience solutions. CallidusCloud enables organizations to accelerate and maximize their lead to money processes with a complete suite of solutions that identify the right leads, ensure proper territory and quota distribution, enable sales forces, automate configure price quote, speed up contract negotiations, and streamline sales compensation—driving bigger deals, faster. Approximately 5,400 leading organizations, across all industries, rely on the CallidusCloud Lead to Money suite to close more deals and make more money faster.
©2017 Callidus Software Inc. All rights reserved. Callidus, Callidus Software, the Callidus Software logo, CallidusCloud, the CallidusCloud logo, Clicktools, SURVE, syncfrog, TrueComp Manager, ActekSoft, ACom3, iCentera, Webcom, Litmos, the Litmos logo, LeadFormix, Rapid Intake, 6FigureJobs, and LeadRocket are trademarks, service marks, or registered trademarks of Callidus Software Inc.
Blog
Web
Press Contact:
Venus Picart
CallidusCloud
(925) 251-2200
pr@calliduscloud.com
SOURCE : Callidus Software
--BERNAMA
HMINERS LAUNCH THE MOST POWERFUL CRYPTOCURRENCY MINING RIGS WITH UNIQUE FEATURES
Hminers has just introduced three new mining rigs with extraordinary features. The company already has the unique distinction of delivering the first ever 10nm ASIC mining rig in the cryptocurrency market.
MIAMI, Aug 16 (Bernama-GLOBE NEWSWIRE) -- Hminers is delighted to announce the mega launch of three new products that will make cryptocurrency mining easy and efficient like never before. This Miami-based organization is one of the most trusted names in the cryptocurrency market with the distinction of creating the world’s first 10 nm ASIC Chip. The company’s three new products H2U Miner, H4U Miner, and Rack Equipped with 5 x H4U are now up for sale at www.Hminers.com.
As the difficulties in bitcoin mining have kept on increasing over the last few years, Hminers has embraced new principles to create multi algorithm based miners. Each of the three new products from the company is built and designed to operate under multiple algorithms and provide customers the freedom to switch to any coin that offers them a better income. In addition to bitcoin, these products can be used to mine Litecoin, Ethereum, and Dash.
Powered by the company’s brilliant hardware design, Hminers has created mining chips that offer high hash rate and low power consumption. Their all three new products have been thoroughly evaluated, prototyped, and extreme-condition pressure tested before the launch.
One of the key features of these products is their hash rate power
MIAMI, Aug 16 (Bernama-GLOBE NEWSWIRE) -- Hminers is delighted to announce the mega launch of three new products that will make cryptocurrency mining easy and efficient like never before. This Miami-based organization is one of the most trusted names in the cryptocurrency market with the distinction of creating the world’s first 10 nm ASIC Chip. The company’s three new products H2U Miner, H4U Miner, and Rack Equipped with 5 x H4U are now up for sale at www.Hminers.com.
As the difficulties in bitcoin mining have kept on increasing over the last few years, Hminers has embraced new principles to create multi algorithm based miners. Each of the three new products from the company is built and designed to operate under multiple algorithms and provide customers the freedom to switch to any coin that offers them a better income. In addition to bitcoin, these products can be used to mine Litecoin, Ethereum, and Dash.
Powered by the company’s brilliant hardware design, Hminers has created mining chips that offer high hash rate and low power consumption. Their all three new products have been thoroughly evaluated, prototyped, and extreme-condition pressure tested before the launch.
One of the key features of these products is their hash rate power
- Bitcoin 90 TH/s, Litecoin 3 GH/s, Ethereum 2 GH/s, and Dash 8 GH/s for H2U Miner.
- Bitcoin 130 TH/s, Litecoin 4.5 GH/s, Ethereum 3 GH/s, and Dash 10 GH/s for H4U Miner.
- Bitcoin 650 TH/s, Litecoin 22.5 GH/s, Ethereum 15 GH/s, and Dash 50 GH/s for Rack Equipped with 5 x H4U
Some other important features include
- Low power consumption
- Capable of running multiple algorithms
- Return of investment within one month or less
- Can be used anywhere because of low noise and heat generation
- Easy to use
More about these products can be found at https://hminers.com/products/.
About Hminers: Hminers is the most recognizable companies in the cryptocurrency industry and the proud creators of the world’s first 10 nm ASIC Chip. The core team of this organization comprises of top level specialists from globally renowned organizations such as IBM, Microsoft, and Samsung.
Contact:
Adam Lark
info@hminers.com
+1 305-203-6542
Source : HMiners Technologies Inc
--BERNAMA
About Hminers: Hminers is the most recognizable companies in the cryptocurrency industry and the proud creators of the world’s first 10 nm ASIC Chip. The core team of this organization comprises of top level specialists from globally renowned organizations such as IBM, Microsoft, and Samsung.
Contact:
Adam Lark
info@hminers.com
+1 305-203-6542
Source : HMiners Technologies Inc
--BERNAMA
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