Saint Lucia bags 3rd place in 2022 CBI Index

KUALA LUMPUR, Aug 29 (Bernama) -- Saint Lucia (St Lucia) took third place in this year’s instalment of the citizenship by investment (CBI) Index – which ranks 13countries with operational CBI programmes.

This year, St Lucia was ranked alongside Antigua and Barbuda, Austria, Cambodia, Dominica, Egypt, Grenada, Jordan, Malta, Montenegro, St Kitts and Nevis, Turkey, and Vanuatu, according to a statement.

The CBI Index ranked these jurisdictions across nine pillars, namely Freedom of Movement, Standard of Living, Minimum Investment Outlay, Mandatory Travel or Residence, Citizenship Timeline, Ease of Processing, Due Diligence, Family and Certainty of Product.

Having recently welcomed Mc Claude Emmanuel to the position of chief executive officer of its CBI unit, St Lucia was recognised for its affordable minimum investment outlay, reasonable mandatory travel or residence requirements and ease of application processing.

In addition, it has scored eight out of 10 in the Certainty of Product pillar, which encompasses a range of factors that measure a programme’s certainty across five different dimensions: longevity, popularity and renown, stability, reputation, and adaptability.

Seen as an industry voice and reliable source for those looking to vet CBI programmes worldwide, the CBI Index is published annually by the Private Wealth Management magazine, a publication of the Financial Times, and in partnership with CS Global Partners.

-- BERNAMA

MAJOR ASIA-PACIFIC REINSURERS DELIVER STABLE PERFORMANCES IN 2021, ACCORDING TO AM BEST REPORT

KUALA LUMPUR, Aug 29 (Bernama) -- Major Asia-Pacific reinsurers have sustained the ability to deliver stable operating and return on equity ratios in 2021 with average annual net premium growth of nearly 10 per cent in the most recent five-year period, according to a new AM Best report.

In a statement today, the global credit rating agency said the Best’s Market Segment Report, titled “Asia-Pacific’s Major Reinsurers Deliver Stable Performances Amid Growing Competition and Uncertainty”, is part of AM Best’s month-long look at the global reinsurance industry ahead of Rendez-Vous de Septembre in Monte Carlo. 

It said based on the operating performance of a group of selected Asia-Pacific domiciled reinsurers that ranked among the top 50 largest reinsurance groups globally as calculated by AM Best, 2022 is shaping up to be another profitable year thanks to benign natural catastrophe activity in the region in the first half of the year.

AM Best said pricing momentum in most Asia-Pacific markets is also expected to firmly support premium rate increases for the 2023 renewal seasons given the recent years of underperformance and retrocession capacity reduction in the global reinsurance market.

It said the Asia-Pacific composite’s five-year average return on equity from 2017 to 2021 is 5.8 per cent.

“While the loss ratio shows an increasing trend, it is offset by a decreasing expense ratio, resulting in a stable combined ratio that has hovered around the break-even point,” it said.

It said investment returns have also remained stable.

AM Best said the accumulation of natural catastrophe risks in Asia-Pacific reinsurers’ home markets remained a significant risk.

However, it said reinsurers in the region have put in years of effort to diversify growth and now are reaping the benefits from business profiles that are more balanced between domestic and overseas contributions as well as life and non-life business.

It added that the capacity in the insurance-linked securities (ILS) market could also support regional reinsurers in capturing rate hardening opportunities.

More details at www.ambest.com.

-- BERNAMA

St Kitts and Nevis tops 2022 CBI Index ranking

KUALA LUMPUR, Aug 25 (Bernama) -- The Caribbean nation of St Kitts and Nevis tops this year’s CBI Index rankings for offering one of the best citizenship by investment (CBI) programmes in the world.

In a statement issued by the government of St Kitts and Nevis today, the twin island federation was rated against 12 other countries with operational CBI programmes in 2022 which include Antigua and Barbuda, Austria, Cambodia, Dominica, Egypt, Grenada, Jordan, Malta, Montenegro, St Lucia, Turkey and Vanuatu.

It said the primary methodological objective of the CBI Index is to isolate pillars that measure CBI programme features and jurisdictional desirability.

The statement said the nine pillars that constituted this year’s CBI Index include Freedom of Movement, Standard of Living, Minimum Investment Outlay, Mandatory Travel or Residence, Citizenship Timeline, Ease of Processing, Due Diligence, Family and Certainty of Product.

It added that the country received full marks in the Mandatory Travel or Residence, Citizenship Timeline, Ease of Processing, Due Diligence, Family and Certainty of Product pillars.

The CBI Index, published by PWM Magazine, a publication from the Financial Times in collaboration with CS Global Partners, is a rating system designed to measure the performance and appeal of global CBI programmes across a diverse range of indicators.

--BERNAMA

AM BEST REVISES OUTLOOK ON TAIWAN'S NON-LIFE INSURANCE MARKET TO 'NEGATIVE'

KUALA LUMPUR, Aug 25 (Bernama) -- Global credit rating agency, AM Best has revised its market segment outlook on Taiwan’s non-life insurance segment to ‘negative’ from ‘stable’, citing that the resurgence of COVID-19 cases has led to significant losses in pandemic-related insurance policies.

In its “Market Segment Outlook: Taiwan Non-Life Insurance,” AM Best noted that impacts on companies vary, depending on their pandemic insurance exposures and policy expiration patterns.

“AM Best expects that the total claims from the pandemic policies will continue to rise and put material pressure on the non-life segment’s underwriting performance for full-year 2022.

“However, over the intermediate term, insurers that were less impacted are likely to recoup such losses from their non-pandemic-related traditional underwriting portfolios, which have a track record of favourable technical results,” said associate director, James Chan in a statement today.

The prolonged low-interest rate environment in Taiwan, as well as heightened capital market volatility during the first half of 2022 (1H2022), also continued to challenge non-life insurers. 

Its stock market index declined by nearly 20 per cent in 1H2022, creating volatility in carriers’ capitalisation and operating results through capital gains and losses. 

Moving forward, AM Best expects the market to maintain its focus on profitability and achieve operating margins for non-pandemic lines of business in 2022, similar to levels prior to the surge of COVID-19 infections.

-- BERNAMA

UserTesting partners Tbot Techno Systems to bring human insight to organisations across India, Singapore

KUALA LUMPUR, Aug 24 (Bernama) -- UserTesting, a leader in video-based human insight, has partnered with Tbot Techno Systems, a global consulting and technology services company, to bring human insight to more organisations across India and Singapore.

A joint statement by UserTesting and Tbot Techno Systems today said through the partnership, Tbot Techno Systems served as a reseller of the UserTesting Human Insight Platform that would enable more Indian and Singaporean organisations to quickly see the value of first-party insights and help them to design and deliver innovative digital experiences.

“The pandemic created significant changes in buying patterns and behaviours around the globe and has had a particularly strong impact on how consumers engage with businesses in India and Singapore with a big shift towards digital experiences.

“As we continue to grow throughout these regions to meet the demand for human insights we look forward to building our strategic partnership with Tbot Techno Systems to help companies accelerate innovation and create exceptional experiences with UserTesting,” UserTesting vice president of sales for Asia Pacific GB Kumar said.

Meanwhile, Tbot Techno Systems chief executive officer Snehal Parikh said the partnership with UserTesting would enable the company to offer customer-centric SaaS solutions to organisations and accelerate their growth journey in becoming market leaders.

He said the partnership offered Indian and Singaporean companies a new and trusted way to adopt the UserTesting Human Insight Platform with added consulting services from Tbot Techno Systems, including support and training services.

The UserTesting Human Insight Platform is trusted by major consumer brands across Asia-Pacific such as Tata, Mahindra, HDFC Life and leading technology brands like Wipro, Amazon, Make My Trip, Cars24 and Razorpay, among others.

-- BERNAMA

Cellebrite Wins Multiple Forensic Focus 4:cast Awards, Continuing a Decade-Plus Track Record of Digital Forensics Leadership

Cellebrite sweeps the categories and wins every major award, including DFIR Commercial Tool of the Year and Investigator of the Year three years in a row

PETAH TIKVA, Israel and TYSONS CORNER, Va., Aug 24 (GLOBE NEWSWIRE) -- Cellebrite DI Ltd. (Nasdaq: CLBT), a global leader in Digital Intelligence (DI) solutions for the public and private sectors, today announced that it was honored with winning all the categories for which the company was nominated at the prestigious 2022 Forensic Focus 4:cast awards.

Cellebrite winning every major award for which it was nominated, including DFIR Commercial Tool of the Year and the Investigator of the Year for the third year in a row, proves its continual leadership in digital forensics. This is the 13th consecutive year that Cellebrite has competed in the awards, which began 15 years ago.

Leeor Ben-Peretz, Chief Strategy Officer at Cellebrite, stated: “Winning these awards is validation from the digital forensics community that our portfolio of solutions and staff are world-class. We would like to thank the SANS Institute and Forensic Focus for producing a show that recognizes the best in the industry. Building on our years-long success, we will continue to provide the community with technological innovation that accelerates digital investigations.”

Cellebrite is honored to have received the following awards:

DFIR Commercial Tool of the Year: Awarded to Cellebrite for the suite of tools it produced to speed up and help validate data pertaining to investigations.

Digital Forensic Investigator of the Year: Cellebrite’s investigator won due to the tireless work and research produced every day. The award validates the investigators’ willingness to lend a helping hand no matter the time of day.

DFIR Team of the Year: Receiving this award demonstrates that the DFIR community perceives Cellebrite as their strategic partner, part of their team, working together side by side to promote the concept of “trust but verify.”

DFIR Degree Program or Training Class of the Year: This award recognizes the comprehensive practical offering of guided training courses and certifications, all designed to prepare analysts, law enforcement, and enterprise customers to tackle investigations and technology effectively.

DFIR Social Media Contributor of the Year: In this era of social media, content is king. The Cellebrite social media contributor of the year who won this award is the ultimate contributor of social content. The contributor is always passionate about work and is constantly tweeting, posting, and sharing tips and tricks to the DFIR community.

DFIR Blog of the Year: The Cellebrite Ask the Expert blog series is a platform Cellebrite utilizes to share its findings and insights with the community.

DFIR Show of the Year: During the Covid-19 pandemic the company introduced the I Beg to DFIR webinar. This show runs monthly and focuses on new research, customer questions, and Q&A with our R&D team.

DFIR Article of the Year: Cellebrite’s investigators and thirteen co-authors crafted an article and webinar, named Six Steps to Mobile Validation, that offers DFIR experts the tools they need for handling, documenting, preserving, and validating evidence from a mobile device.

DRIF Capture the Flag (CTF) of the Year: Since its introduction in 2020, the Cellebrite CTF was a huge hit. With thousands of participants across the globe, the CTF has become the industry standard for in-depth CTFs.

About Cellebrite

Cellebrite’s (Nasdaq: CLBT) mission is to enable its customers to protect and save lives, accelerate justice, and preserve privacy in communities around the world. We are a global leader in Digital Intelligence solutions for the public and private sectors, empowering organizations in mastering the complexities of legally sanctioned digital investigations by streamlining intelligence processes. Trusted by thousands of leading agencies and companies worldwide, Cellebrite’s Digital Intelligence platform and solutions transform how customers collect, review, analyze and manage data in legally sanctioned investigations. To learn more visit us at www.cellebrite.com, https://investors.cellebrite.com, or follow us on Twitter at @Cellebrite.

Cellebrite Media

Victor Cooper
Public Relations and Corporate Communications Director
Victor.Cooper@cellebrite.com
+1 404.804.5910


Source: Cellebrite DI Ltd

Dominica tops annual CBI Index

KUALA LUMPUR, Aug 24 (Bernama) -- The Commonwealth of Dominica came out tops in the annual citizenship by investment (CBI) Index, a rating system designed to measure the performance and appeal of global CBI programmes across a diverse range of indicators.

The index is intended as a practical tool to compare CBI programmes based on nine pillars -- freedom of movement, the standard of living, minimum investment outlay, mandatory travel or residence, citizenship timeline, ease of processing, due diligence, family and certainty of product.

Rated number one for six consecutive years, Dominica beat 11 other nations with active CBI programmes and scored full marks in the areas of minimum investment outlay, mandatory travel or residence, ease of processing, due diligence, family and certainty of product, according to a statement.

It said Dominica continues to be on a concerted drive to offer investors – through its Economic Diversification Fund and government-approve real estate options – a reliable safe haven amidst the constant global upheavals.

The CBI Index is the world’s most definitive guide on CBI, published by PWM Magazine, a publication from the Financial Times, in collaboration with CS Global Partners.

-- BERNAMA

Trax launches suite of solutions to solve biggest pain points in retail

KUALA LUMPUR, Aug 24 (Bernama) -- Trax, a leading global provider of computer vision solutions and analytics for retail, has launched ‘Trax CPG NXT’, a suite of next-generation computer vision-powered solutions designed to address the most salient issues facing consumer packaged goods (CPG) manufacturers.

“The introduction of Trax CPG NXT marks an important milestone for the company. Being focused on both value and outcome for our customers has always been a point of pride for Trax,” said chief product officer Barak Turovsky in a statement.

Managing director APAC & EMEA Karine Eloy said: “With the global launch of Trax CPG NXT, we are proud to offer CPG brands in India our latest suite of solutions which provides manufacturers better visibility and control even in unstructured, traditional retail environments.”

With Trax CPG NXT, clients benefit from more than a decade of deep industry expertise and experience enabling brands to drive more effective and efficient in-store execution.

The suite of solutions offers industry best practices for incremental growth. The four solutions include Trax Field Optimizer, Trax Perfect Store, Trax Category Excellence, and Trax Contract Compliance, each available now globally.

Trax Field Optimizer empowers sales representatives and merchandisers with computer vision-powered, real-time shelf insights to fix execution gaps and drive incremental sales in the store, while Trax Perfect Store provides headquarters and field teams with visibility into store conditions to manage their Perfect Store programmes.

Trax Category Excellence provides category teams with powerful shelf insights and trends about the entire category, while Trax Contract Compliance provides key account, category, and trade marketing teams with accurate visibility on how trade agreements are being executed in stores.

-- BERNAMA

NX MIDDLE EAST SECURES ISO 45001:2018 CERTIFICATION

KUALA LUMPUR, Aug 24 (Bernama) -- Nippon Express (Middle East) L.L.C. (NX Middle East) has obtained the ISO 45001:2018 certification for its occupational health and safety management systems, effective June 29, 2022.

NX Middle East is a group company of Nippon Express Holdings Inc, according to a statement.

The ISO 45001:2018 certification enables NX Middle East to provide its employees with a safe and healthy work system and environment to reduce the risk of work-related industrial accidents.

The Nippon Express Group is endeavouring to obtain ISO certification out of a commitment to maintaining and improving the quality of its operations as a useful means of ensuring the group’s sustainable development and improving its performance to enhance customer satisfaction.

It also said it would continue to pursue business growth alongside its stakeholders based on its unchanging values of safety, compliance and quality and in accordance with its corporate philosophy of advancing society through logistics.

More details at https://www.nipponexpress.com/

-- BERNAMA

NFT transactions to reach 40 million globally by 2027 - Juniper Research

KUALA LUMPUR, Aug 22 (Bernama) -- The global number of non-fungible token (NFT) transactions will rise from 24 million in 2022 to 40 million by 2027, according to a new study from Juniper Research.

An NFT is a unique token that exists on the blockchain, meaning it cannot be replicated. This unique token could represent real-world items like artworks or music, with the ability to be traded with a transparent transaction history.

According to a statement, the report stresses that vendors who partake in the NFT space may risk brand damage by association, due to the role NFTs have had in illegal activities, such as money laundering, scams and fraud.

Environmental issues were also raised as a major concern, with the current way transactions are facilitated on the blockchain creating massive energy usage.

It emphasised the need for regulators to work with industry bodies to standardise processes with reduced environmental impact and built-in consumer protections to enable vendors to utilise NFTs as a medium to further engage with consumers.

The report predicts metaverse-linked NFTs will be the fastest-growing NFT segment over the next five years; increasing from 600,000 transactions in 2022 to 9.8 million by 2027. It highlights rising demand for immersive experiences as a driver of metaverse adoption.

To capitalise on this growth, the research house urges consumer-facing businesses to create NFT‑based content to meet changing demands from a younger, tech-savvy demographic, who are more ready to purchase novel forms of online and digital content.

-- BERNAMA

A GLIMPSE INTO CITIZENSHIP BY INVESTMENT INDUSTRY

KUALA LUMPUR, Aug 23 (Bernama) -- The world’s most definitive guide on citizenship by investment, the CBI Index, was published by PWM Magazine, a publication from The Financial Times in collaboration with CS Global Partners.

The CBI Index is a rating system designed to measure the performance and appeal of global citizenship by investment (CBI) programmes across a diverse range of indicators.

This Index is intended as a practical tool, both for those who wish to compare CBI programmes as a whole and for those who wish to compare specific aspects of each programme, according to a CS Global Partners statement.

Its purpose is to provide a rigorous and systematic mechanism for appraising programmes, to facilitate the decision-making process for individuals considering them, and to bring value to the CBI industry.

The CBI Index rates programmes according to these nine pillars: freedom of movement, standard of living, minimum investment outlay, mandatory travel or residence, citizenship timeline, ease of processing, due diligence, family and certainty of product.

As the CBI industry undergoes its own challenges and metamorphosis, the CBI Index gives worldly investors a reliable analysis of reputable programmes that will enable them to choose second citizenship in destinations that will fulfil their needs.

-- BERNAMA

Cellebrite Introduces Streamlined Collection & Review to Investigative Analytics Workflow

Integrating the Collection & Review and Investigative Analytics functions resolves cases faster and accelerates time to justice

PETAH TIKVA, Israel and TYSONS CORNER, Va., Aug. 23, 2022 (GLOBE NEWSWIRE) -- Cellebrite DI Ltd. (NASDAQ: CLBT), a global leader in Digital Intelligence (DI) solutions for the public and private sectors, today announced the launch of an automated and secure system that enables investigative analytics stakeholders to collect, review, and analyze data in an integrated workflow.

By providing a secure and frictionless process, Cellebrite is breaking down silos and accelerating the analysis of evidence. The streamlined process gives enriched data to examiners, analysts, and prosecutors to execute their respective roles.

With a more efficient workflow, Cellebrite is eliminating pain points by empowering agencies to provide data to the analysis team rapidly with secure storage and decoding, delivering a richer investigative data set.

Cellebrite is improving scalability, accountability, and auditability compared to previous methods.

Ori Nurick, Executive Vice President of Portfolio Strategy at Cellebrite, stated: “Every second counts in complex examinations that require access to data, and the conversion of retrieved data into a readable format eases the process on law enforcement. By streamlining the transfer of data to the investigative team, we are providing our customers the tools to shave hours off their workflows and bring evidence to prosecutors faster.”

About Cellebrite

Cellebrite’s (NASDAQ: CLBT) mission is to enable its customers to protect and save lives, accelerate justice, and preserve privacy in communities around the world. We are a global leader in Digital Intelligence solutions for the public and private sectors, empowering organizations in mastering the complexities of legally sanctioned digital investigations by streamlining intelligence processes. Trusted by thousands of leading agencies and companies worldwide, Cellebrite’s Digital Intelligence platform and solutions transform how customers collect, review, analyze and manage data in legally sanctioned investigations. To learn more visit us at www.cellebrite.com, https://investors.cellebrite.com, or follow us on Twitter at @Cellebrite.

Cellebrite Media
Victor Cooper
Public Relations and Corporate Communications Director
+1 404.804.5910
victor.cooper@cellebrite.com

Source: Cellebrite DI Ltd

UPGRAD APPOINTS MYLEETA AGAWILLIAMS AS CEO - INTERNATIONAL, IN PUSH TO EXPAND ITS GLOBAL EDTECH BUSINESS

Myleeta assumes Office in August to accelerate the brand's international footprint and support expansion plans

SINGAPORE, Aug 18 (Bernama-BUSINESS WIRE) -- upGrad, Asia’s largest higher EdTech Company, announces the appointment of Myleeta AgaWilliams as CEO - International to spearhead growth across the APAC, EMEA and US regions.

With over two decades of experience in global and digital businesses, Myleeta will be responsible for managing end-to-end international operations and creating region-specific product pipelines, thereby driving high-impact revenue and profitability results.

upGrad is an integrated LifeLongLearning tech company that offers online higher education programs to college learners and professionals in the age bracket of 18 to 55 years in partnership with 300+ universities from across the globe. It boasts a program completion record of 85% through its high engagement curriculum and is also backed by a further 80%+ career outcomes-guaranteed performance. The company recently closed the investment round of USD 210 million to further propel growth.

In her new role, Myleeta AgaWilliams will be leveraging her experience in scaling businesses through strategic interventions across content and global distribution for broadcast and streaming media. She will engage with managerial teams based in multiple geographies, to align short and long-term business objectives for accelerating profitability. Previously she has managed diverse product portfolios and led marketing and sales teams across geographies at Netflix, BBC Studios, Discovery, and UTV amongst others. 

http://mrem.bernama.com/viewsm.php?idm=43929

TESSA THERAPEUTICS DOSES FIRST PATIENT IN PHASE 1B CLINICAL TRIAL INVESTIGATING TT11

KUALA LUMPUR, Aug 18 (Bernama) -- Tessa Therapeutics Ltd (Tessa) has announced the dosing of the first patient in a Phase 1b clinical trial investigating TT11, in combination with Bristol Myers Squibb’s nivolumab as a potential second-line treatment for patients with relapsed or refractory CD30-positive classical Hodgkin lymphoma (cHL).

According to a statement, TT11 is the company’s autologous CD30 chimeric antigen receptor T-cell (CAR-T) therapy.

“Initiation of this Phase 1b clinical trial marks an important milestone for our autologous CD30.CAR-T programme as we now have the opportunity to evaluate TT11 in combination with nivolumab as a potential second-line treatment for relapsed or refractory classical Hodgkin lymphoma,” said CTO and Acting CEO of Tessa Therapeutics, John Ng.

“We now welcome the opportunity to capitalise on this clinical progress by investigating TT11 as a second-line combination therapy, which offers the opportunity to greatly increase the patient population who could potentially benefit from this course of care.”

The Phase 1b open-label trial will enroll up to 14 patients with CD30+ cHL with relapsed or refractory disease after front-line therapy combining PD-1 antibody and CAR-T therapy in a “sandwich” study design.

Patients will initially receive two cycles of nivolumab dosed at four-week intervals followed by lymphocyte depleting treatment with fludarabine/bendamustine chemotherapy. Patients will then receive a single infusion of TT11, followed by two additional cycles of nivolumab.

The primary endpoint of the trial is safety and tolerability of the combination regimen. Secondary endpoints will evaluate key efficacy indicators including overall response rate, duration of response, and progression-free survival.

Tessa Therapeutics is a clinical-stage biotechnology company developing next-generation cell therapies for the treatment of hematological cancers and solid tumours.

More details at www.tessacell.com.

-- BERNAMA

Cradlepoint NetCloud Exchange helps IT organisations transform business

KUALA LUMPUR, Aug 17 (Bernama) -- Cradlepoint, the global leader in cloud-delivered long-term evolution and 5G wireless network solutions, has announced NetCloud Exchange, an architectural extension of its NetCloud solution.

This is to help lean information technology (IT) organisations transform their business and amplify their 5G experience with advanced software-defined wide area network (SD-WAN) and Zero Trust capabilities, according to a statement.

“With the new NetCloud Exchange extension, NetCloud now offers new 5G- and security-first services to support enterprise WAN transformation, including end-to-end secure connectivity, hybrid SD-WAN, and Zero Trust networking – all lifecycle-managed through a single-pane-of-glass,” said Cradlepoint chief marketing officer Todd Krautkremer.

NetCloud Exchange is an intuitive, cloud-native solution built on policy-driven, zero-trust principles that delivers multiple SD-WAN and security services.

The new NetCloud Services will be delivered based on the NetCloud Exchange extension.

All services are delivered using the NetCloud Exchange Service Gateway — a scalable, resilient, software-based solution for private and cloud data centres that aggregates remote connections, provides flow-level visibility, and acts as the policy-enforcement point for the services it supports.

NetCloud Exchange Secure Connect and NetCloud Exchange Service Gateway are available immediately while other solutions will be available in the fourth quarter of 2022.

More details at www.cradlepoint.com.

-- BERNAMA

AM BEST TO PRESENT CAPTIVE TREND ANALYSIS AT 2022 ASIAN CAPTIVE CONFERENCE

SINGAPORE, Aug 15 (Bernama-BUSINESS WIRE) -- AM Best will participate in the annual Asian Captive Conference, which will take place on Thursday, 18 August 2022, in Kuala Lumpur, Malaysia.

Rob Curtis, managing director of market development for the Asia-Pacific region at AM Best, will deliver a presentation at the event, titled, “A Closer Look at Global Trends in Captive Insurance,” at 9:25 a.m. (MYT). Globally, commercial insurance rate increases have been driving an uptick in new captive formations, with greater utilisation of existing captives, particularly as the industry reacts to losses resulting from the COVID-19 pandemic. The presentation will focus on these trends and other leading issues. AM Best rates more than 200 alternative risk transfer entities, including single-parent and group captives, risk retention groups (RRGs) and protected cell captives, in a number of domiciles.

Curtis also will join a panel, titled, “Captive Developments in Asia,” to discuss what captive insurance industry participants are seeing across the industry, including emerging risk and regulatory developments, as well as key growth industries for potential captive formations. The panel discussion will take place at 10:55 a.m. (MYT).

The Asian Captive Conference is hosted jointly by the Labuan International Insurance Association and the Labuan International Business and Financial Centre, and is dedicated to the development of self-insurance in the region. This year’s conference is themed as “Embracing Change and Accelerating Growth: The Way Forward for Self-Insurance,” and aims to highlight how the risk professionals are increasing their use of self-insurance in response to rapidly changing insurance market conditions. Roy Sharma, chairman, Labuan International Insurance Association, will moderate the captive development panel.

Curtis recently joined AM Best after more than three decades of experience in the insurance industry, and previously was the head of the major groups and technical expert teams at Hong Kong’s Insurance Authority (IA), responsible for the development of Hong Kong’s new group-wide supervision and macro-prudential frameworks. He also is co-CEO of A.M. Best Asia-Pacific (Singapore) Pte. Ltd.

For more information about the Asian Captive Conference, which will take place at the Sime Darby Convention Centre, please visit the event page and agenda. 

http://mrem.bernama.com/viewsm.php?idm=43894
 

VIETNAMESE AMBASSADOR VISITS NX AGRIGROW

TOKYO, Aug. 17, 2022 /Kyodo JBN-AsiaNet/ --


NX AgriGrow Co., Ltd. headquartered in Hokuto City, Yamanashi Prefecture, a group company of NIPPON EXPRESS HOLDINGS, INC., received a visit from H.E. Vu Hong Nam, Ambassador Extraordinary and Plenipotentiary of the Socialist Republic of Vietnam to Japan, on Thursday, August 4.

Logo:
https://kyodonewsprwire.jp/img/202208125063-O1-64cXX1Yl

Photo: Third from right: Ambassador Vu Hong Nam; second from right: NX AgriGrow President Nami Moroi
https://kyodonewsprwire.jp/prwfile/release/M103866/202208125063/_prw_PI2fl_2PE7Ty7W.jpg


The Nippon Express Group established NX AgriGrow (formerly Nittsu Farm Co., Ltd.) in Hokuto City, west of Tokyo, in 2016, and the company has since been working with the local community on projects aimed at eliminating abandoned farmland, contributing to local employment and resolving other issues facing the city. In February this year, NX AgriGrow concluded a comprehensive partnership agreement with Hokuto City to promote the sustained development of agriculture and revitalize the local economy, and it is striving through Hokuto's key industry of agriculture to create a new model for sustainable regional development.

Vietnamese Ambassador to Japan Vu Hong Nam recently made a tour of companies in Hokuto City during which NX AgriGrow was recommended to him by Hokuto Mayor Eiji Kamimura as a firm engaged in cutting-edge agriculture, prompting the ambassador to visit NX AgriGrow in person.

The Nippon Express Group has been teaming up with individuals, companies, and communities to make forward progress alongside society, and it will continue fulfilling its responsibilities and actively striving to bring about a sustainable society.

Nippon Express website: https://www.nipponexpress.com/

Nippon Express Group's official LinkedIn account:
https://www.linkedin.com/company/nippon-express-group/


Source: NIPPON EXPRESS HOLDINGS, INC.

http://mrem.bernama.com/viewsm.php?idm=43916

AURA NETWORK TO LAUNCH ‘XSTAXY’ MAINNET ON OCT 1

KUALA LUMPUR, Aug 15 (Bernama) -- Aura Network, a scalable, agile and effortless Layer-1 blockchain with a comprehensive ecosystem built to accelerate global non-fungible tokens (NFTs) adoption, has plans to launch “Xstaxy” Mainnet on Oct 1.

Aura Network is a Cosmos-based chain with a comprehensive ecosystem built to optimise NFTs use cases across additional and existing industries.

With this announcement, Aura Network will enhance the development team's commitment to the key milestones, a statement said.

“We are one step forward to achieve our vision -- to build the NFT ecosystem of the future, starting with the best user experience chain of Cosmos.

“One of our most important missions is to drive mainstream users from the traditional market to the industry of NFTs by optimising NFT use cases and utilities in the simplest way,” said Aura Network founder and chief executive officer Giang Tran.

 Aura Network released two testnets “Serenity” and “Halo” as of April as an experiment for early adopters to experience its first features.

The project is currently testing out its “Euphoria” staging network with selected 55 validators to evaluate the security and decentralisation aspects to prepare for Mainnet's official launch in October 2022.

-- BERNAMA

JUNIPER RESEARCH: CCAAS MARKET VALUE TO NEAR $16 BILLION IN GLOBAL REVENUE BY 2027, AS TOP 3 CCAAS VENDORS REVEALED

^{Juniper Research Competitor Leaderboard for CCaaS Vendors (Graphic: Business Wire)}



BASINGSTOKE, England, Aug 15 (Bernama-BUSINESS WIRE) -- A new study by Juniper Research has found that global CCaaS (Contact Centre-as-a-Service) market revenue will reach $15.6 billion by 2027; rising from $4.9 billion in 2022. This phenomenal growth of 216% will be driven by the breadth of services offered within comprehensive subscription-based models, including advanced analytics capabilities, AI‑enabled chatbots and personalised video solutions.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220814005005/en/

 

CCaaS platforms are cloud-based solutions that provide services required to run a contact-centre over multiple inbound and outbound communication channels.

• To find out more, see the new report: CCaaS: Vertical Analysis, Technology Opportunities & Market Forecasts 2022-2027
• Download the free whitepaper: Which Technologies Will Innovate the CCaaS Market in 2022?

Twilio, CM.com & Infobip Ranked as Leading CCaaS Vendors in Competitor Leaderboard

The research assessed leading CCaaS platforms and evaluated them on criteria such as depth and breadth of offerings, service innovation and future prospects. It ranked the top 3 vendors as follows:

1. Twilio
2. CM.com
3. Infobip

Twilio has built a flexible CCaaS product offering by supporting multiple OTT messaging applications and voice services. Juniper Research commended Twilio on its intelligent routing and performance‑tracking capabilities, which are key in supporting enterprise adoption of omnichannel communications strategies.

Research author Elisha Sudlow-Poole remarked “Offering unique innovative services is not enough to stand out in the market. Enterprises will choose their preferred solution based on the comprehensiveness of the value-added services available. As a result, vendors must look to expand the solutions offered via their CCaaS platform to provide crucial differentiation in a highly competitive market.”

Social Media Is the Next Key CCaaS Channel

The research predicted that social media platforms, such as Instagram and Facebook, will become an important medium for enterprises to interact with their customers in the future. In turn, it urged CCaaS vendors to integrate inbound communications from these channels into their solutions immediately to provide the maximum reach to end users for CCaaS clients. Offering omnichannel functionality will enable CCaaS vendors to strengthen product portfolios; mirroring the success of the CPaaS (Communications Platform-as-a-Service) ecosystem.

CCaaS market research: 
https://www.juniperresearch.com/researchstore/operators-providers/ccaas-research-report

Download the whitepaper: 
https://www.juniperresearch.com/whitepapers/which-technologies-will-innovate-ccaas-in-2022

Juniper Research provides research and analytical services to the global hi-tech communications sector, providing consultancy, analyst reports and industry commentary.

View source version on businesswire.com: 
https://www.businesswire.com/news/home/20220814005005/en/

Contact

Sam Smith, Press Relations
T: +44(0)1256 830002
E: sam.smith@juniperresearch.com

Source : Juniper Research

LeddarTech to demonstrate LeddarVision technology in China , US events

KUALA LUMPUR, Aug 12 (Bernama) --  LeddarTech®, a global leader in providing the most flexible, robust and accurate Advanced Driver Assistance Systems (ADAS) and Autonomous Driving (AD) sensing technology, has announced a series of events in China and the United States.

According to a statement, the events will focus on demonstrating their newest technology, LeddarVision™, a unique raw data fusion and perception solution.

LeddarVision is a flexible, robust, cost-effective, sensor-agnostic, and scalable auto-grade solution that delivers highly accurate 3D environmental models.

At the 12th New Energy Vehicle International Forum 2022, which will be held on Aug 18-19 in Suzhou, China, LeddarTech will present “Solving Key ADAS/AD Perception Challenges - Raw Data Fusion and Perception Technology.”

The 12th edition of this conference and exhibition on new vehicle technologies and design brings together hundreds of high quality industry participants from more than 15 countries and more than 50 esteemed speakers.

Meanwhile, in the ADAS & Autonomous Vehicle Technology Expo and Conference, which will be held in San Jose, USA on Sept 7-8, LeddarVision will demonstrate how raw data fusion technology simplifies complex sensor sets and eliminates the dependency on hardware to provide customers the flexibility to scale and deliver greater ADAS and AD performance quickly.

Founded in 2007, LeddarTech is a comprehensive end-to-end environmental sensing company that enables customers to solve critical sensing, fusion and perception challenges across the entire value chain.

More details are available at www.leddartech.com.

-- BERNAMA

GORDON BROTHERS PROMOTES FRANK MORTON TO LEAD DISPOSITION, FINANCING & INVESTMENT OFFERINGS GLOBALLY AS CHIEF INVESTMENT OFFICER

Boston, Aug 10 (Bernama-GLOBE NEWSWIRE) -- Gordon Brothers, the global advisory, restructuring and investment firm, has promoted Frank Morton to lead the firm’s disposition, financing and investment offerings across retail, brands, commercial and industrial globally as Chief Investment Officer. Morton will also join the board of directors.

He will work in partnership with business leaders and the entire organization to leverage Gordon Brothers’ deep asset knowledge and operational expertise to deliver rapid, customized and integrated solutions to clients and partners in over 45 countries.

Based in Boston, Morton has over 25 years of experience in disposition and financing across the retail, commercial and industrial sectors. Prior to his current role, Morton was the Chief Executive Officer, International where he significantly increased the firm’s presence, growing the business in Europe and expanding into Japan, Australia, Singapore and South America. Morton joined Gordon Brothers in 2005 following the acquisition of Ozer Group where he was Chief Merchant. He has served in various management capacities at major U.S. retailers throughout his career. 

http://mrem.bernama.com/viewsm.php?idm=43855

TUXCARE INTRODUCES PHP EXTENDED LIFECYCLE SUPPORT SERVICE

KUALA LUMPUR, Aug 11 (Bernama) -- TuxCare, a global innovator in enterprise-grade cybersecurity for Linux, has announced the general availability of its new PHP extended lifecycle support (ELS) service.

A commonly used, open-source scripting language, PHP is prevalent among web applications as well as widely used content management systems such as WordPress.

“Through this launch of our new PHP ELS service, TuxCare once again positions itself as a leading innovator that’s committed to providing powerful combinations of convenience and security for developers – enabling organisations to continue using existing code while still maintaining a strong security posture in regard to language-level vulnerabilities,” said Jim Jackson, president and chief revenue officer at TuxCare.

According to a statement, TuxCare’s new PHP Extended Lifecycle Support services arm organisations with the convenience and protection associated with ongoing updates for PHP language-level security issues.

TuxCare’s PHP ELS supports PHP 5 and onward. The service is also set to include support for some of the most widely used PHP libraries.

Headquartered in Palo Alto, California, TuxCare is relied upon by some of the world’s most discerning organisations, including technology leaders, financial institutions, government agencies, service providers, oil and gas companies and renowned higher education institutions.

More details at https://tuxcare.com.

-- BERNAMA

INGREDION INCORPORATED报告2022年第二季度强劲业绩增长

• 2022年第二季度报告和调整后每股收益*均为2.12美元，而2021年第二季度报告和调整后每股收益分别为2.62美元和2.05美元
• 2022年年初至今，报告和调整后每股收益分别为4.04美元和4.06美元，而上年同期分别为1.01美元和3.90美元
• 公司预计2022年全年调整后每股收益介于6.90美元至7.45美元之间

伊利诺伊州威彻斯特, Aug 12 (Bernama-GLOBE NEWSWIRE) -- 面向食品和饮料生产业的全球领先原料解决方案提供商Ingredion Incorporated（纽约证券交易所股票代码：INGR）今天公布了2022年第二季度业绩。业绩数据依据2022年和2021年美国公认会计原则（GAAP）列报，含公司报告的非GAAP财务指标之外的项目。

Ingredion总裁兼首席执行官Jim Zallie表示：“我们团队实现了2017年以来的季度最强劲业绩。 净销售额增长16%反映了强劲的客户需求，推动了与之相当的销量增长；这与积极的价格组合管理共同使我们得以完全抵消更高的原料成本。因此，我们的调整后营业收入高于去年的强劲表现，也高于我们的预期。”

Zallie继续说道：“在我们驱动增长路线图得到坚实执行的基础上，特种原料业务继续保持其发展势头。值得注意的是，在我们所有四个地区，稳健的两位数净销售额增长超过了我们四年的特种产品增长展望。为了满足对清洁标签织构化淀粉的持续强劲需求，我们加快了印第安纳波利斯工厂新产能的投产。此外，我们的减糖和特种甜味剂平台在该季度继续实现出色业绩，净销售额增长20%以上，PureCircle甜叶菊系列产品实现了两位数顶线增长。

同时，核心成分产品实现了中双位数的净销售增长，这也为第二季度的业绩做出了贡献。 我们的销量增长源于糖果店等品类的强劲客户需求。此外，增强的合同条款使我们能够更快速地解决最大市场中不断变化的投入成本问题。随着我们继续将重点转移到这些地区快速增长的品类上，南美洲和墨西哥引领了更高的净销售额增长。”

Zallie总结道：“总体而言，我对我们的全球团队在这种通胀环境中的表现倍感自豪。虽然业务环境仍然充满挑战，但我们今年上半年的积极成果使我们能够在下半年实现强劲增长，我们将继续执行四大战略增长支柱的相关工作。”

_{*调整后摊薄每股收益（“调整后每股收益”）、调整后营业收入、调整后实际所得税率和调整后摊薄加权平均流通在外普通股均为非GAAP财务指标。请参阅本新闻稿中随附的简明合并财务报表后题为“非GAAP信息”的补充财务信息第II节，以便根据最具直接可比性的美国公认会计原则指标调整这些非GAAP指标。}

 

财务亮点

• 截至2022年6月30日，总债务及现金和短期投资分别为24亿美元和3.22亿美元，截至2021年12月31日的数据分别为20亿美元和3.32亿美元。
• 第二季度的净融资成本为1700万美元，上年同期为1900万美元。
• 第二季度的报告和调整后实际税率分别为26.0%和26.8%，相比之下，上年同期的数字分别为11.7%和25.7%。报告税率上升的主要原因是2021第二季度外国子公司未计入收益的应计收益出现逆转。
• 年初至今的净资本支出为1.37亿美元，较上年同期增加3500万美元。

净销售额

• 第二季度和年初至今的净销售额均高于上年同期。增长的原因在于强劲的价格组合，包括玉米和原料成本上涨的传导效应。剔除汇率影响后，该季度和年初至今的净销售额分别上升18%和19%。

营业收入

• 第二季度报告和调整后营业收入分别为2.13亿美元和2.15亿美元，较上年同期分别降低4%和提高3%。报告营业收入下降的原因是上一年法院做出了一项与巴西间接税有关的有利决定。调整后营业收入增长的原因是强劲的价格组合，抵消了玉米和原料成本上涨的影响。剔除汇率影响后，报告和调整后营业收入分别比去年同期下降1%和上升7%。
• 年初至今报告和调整后营业收入分别为4.23亿美元和4.28亿美元，较上年同期分别上升713%和5%。报告营业收入增长的原因是与阿根廷合资企业上年同期相关的销售减值费用。调整后营业收入增长的原因是强劲的价格组合，抵消了玉米和原料成本上涨的影响。剔除汇率影响后，报告和调整后营业收入分别比去年同期上升735%和7%。
• 主要受重组成本的驱动，第二季度和年初至今报告营业收入分别比调整后营业收入低200万美元和500万美元。

 

 


股息和股票回购
公司于2022年上半年支付了共计9000万美元的股息，并在第二季度宣布了第三季度支付每股0.65美元的季度股息。本季度，公司回购了4400万美元的流通在外普通股，使Ingredion的2022年上半年总股票回购额达到8300万美元。Ingredion将通过现金分红和股票回购向股东返还价值作为其资本分配战略的一部分，从而为整体的股东利益返还提供支持。

2022年全年展望
公司预计，与2021年第三季度相比，2022年第三季度净销售额将实现高双位数增长，营业收入增长将达到高个位数。

公司预计2022年全年报告每股收益介于6.95美元至7.35美元之间，调整后每股收益介于6.90美元至7.45美元之间，2021年调整后每股收益为6.67美元。这一预计值排除了与收购相关的整合与重组成本以及任何潜在减值成本。

与去年相比，2022年全年展望估计如下：受有利价格组合大大抵销玉米和原料成本上涨的推动，北美洲营业收入预计将实现低至中两位数增长；在有利价格组合的推动下，南美洲营业收入预计将实现低两位数增长；受乌克兰冲突导致韩国玉米成本上涨以及中国新冠疫情封锁的推动，亚太区营业收入预计与上年同期持平，抵消PureCircle的增长；在原料成本上升和汇率不利影响的推动下，欧洲、中东和非洲地区的营业收入预计将持平或以低个位数下降。企业成本预计将上升中个位数。

公司预计2022年全年调整后营业收入将实现低两位数增长。

公司预计，2022年全年报告实际税率为27.0%至29.5%，调整后实际税率为28.0%至29.0%。

2022年全年经营现金预计介于3亿美元至3.6亿美元之间，这反映了玉米成本上涨后我们的预期营运资本增加。全年资本支出预计介于2.9亿美元至3.2亿美元之间。

电话会议和网络直播详情
Ingredion将于美国中部时间2022年8月9日上午8:00/东部时间上午9:00召开电话会议， 会议由总裁兼首席执行官Jim Zallie以及执行副总裁兼首席财务官Jim Gray主持。电话会议将进行实时网络直播，可通过以下网站访问https://ir.ingredionincorporated.com/events-and-presentations。会议演示稿可从公司网站获取，并于会议开始前几小时提供下载。网络直播将通过https://ir.ingredionincorporated.com/financial-information/quarterly-results网站提供限时重放。

关于公司
Ingredion Incorporated（纽约证券交易所股票代码：INGR）总部位于芝加哥市郊，是全球领先的原料解决方案提供商，为全球120多个国家和地区的众多客户提供服务。公司将谷物、水果、蔬菜和其他植物材料转化为食品、饮料、动物饲料和工业市场使用的增值原料材料解决方案，2021年净销售额为69亿美元。凭借遍布世界各地的Ingredion Idea Labs^®创新中心和约1.2万名员工，公司与客户共同确立并实现其目标：融合人、自然和科技的潜力，创建更美好的生活。如需了解更多信息和最新公司新闻，请访问ingredion.com。

前瞻性陈述

本新闻稿含有或可能含有《1933年证券法案》第27A节（及其修订案）以及《1934年证券交易法案》第21E节（及其修订案）中定义的前瞻性陈述。公司拟将这些前瞻性陈述纳入该等陈述的安全港条款。

除其他事项之外，前瞻性陈述包括如下陈述：公司对2022年第三季度净销售额和营业收入的预期；2022年全年报告营业收入、报告和调整后每股收益、部门营业收入、报告和调整后实际税率、营运现金流量和资本支出的预期；以及与公司前景及其未来营运、财务状况、净销售额、营业收入、销量、企业成本、税率、资本支出、现金流、费用或其他财务项目有关的任何其他陈述，包括管理层基于任何上述内容的计划或战略和目标，以及基于任何上述内容的任何假设、期望或信念。

这些陈述有时可以通过以下前瞻性词语的使用加以辨别，如“可能”、“将要”、“应该”、“预期”、“假设”、“相信”、“计划”、“预估”、“估计”、“期望”、“打算”、“继续”、“估算”、“预测”、“展望”、“推进”、“机会”、“潜力”、“暂定”，或其他类似表达及此类词语的反义表达。本新闻稿中包含或提及的历史事实之外的所有陈述均为“前瞻性陈述”。

这些陈述均基于当前情况或预期作出，但存在某些固有的风险和不确定性，其中很多难以预测并且超出我们的控制范围。尽管我们相信这些前瞻性陈述所明示或暗示的预期均基于合理假设，但投资者须注意：我们无法保证这些预期将成为现实。

由于各类风险和不确定性的影响，实际结果和发展可能与这些陈述中明示或暗示的预期显著不同，其中包括：新冠疫情对我们的产品需求和财务结果的影响；与高果糖玉米糖浆和我们其他产品相关的消费偏好的改变；全球经济状况以及在我们购买原材料或产销产品的各地理区域和国家及地区影响到客户和消费者的总体政治、经济、商业和市场状况的影响，特别包括南美洲的经济、货币和政治状况及欧洲的经济和政治状况，以及这些因素可能对我们产品销售量和定价、我们向客户收取应收账款能力的影响；我们所服务并且作为我们销售额重要来源的主要行业未来购买我们的产品，包括但不限于限制、食品、饮料和动物饲料；对通过基因修饰和生物技术所开发产品之接受度的不确定性；我们开发或获得新产品和服务的速度和质量足以获得市场认可的能力；玉米加工行业和相关行业日益增长的竞争和/或消费者压力，包括在我们主要产品和副产品（尤其是玉米油）的市场和价格方面；原材料的供应情况，包括马铃薯淀粉、木薯淀粉、阿拉伯树胶和我们某些产品所需的特殊玉米品种，以及我们向客户转嫁玉米或其他原材料成本上涨的能力；能源成本及供应情况，包括巴基斯坦能源问题；我们消化成本、完成预算和实现预期协调的能力，包括我们能够按预算按时、按照货运和运输成本完成计划维护和投资项目的能力；气候变化的影响以及应对气候变化的法律、监管和市场措施；我们以有利条件成功识别和完成收购或战略联盟的能力，以及我们成功整合被收购业务或实施和维持战略联盟并在上述所有方面实现预期协同效应的能力；我们的制造设施出现运营困难；金融和资本市场行为，包括外汇波动、利率和汇率波动以及市场波动和对冲此类波动的相关风险；俄罗斯和乌克兰冲突的影响，包括对原材料和能源供应的可用性和价格的影响，以及汇率和利率的波动；我们吸引、培养、激励并与我们的员工保持良好关系的能力；自然灾害、战争、威胁或恐怖主义行为、疫情（如新冠肺炎）的爆发或持续或其他我们无法控制的重大事件的发生对我们业务的影响；减值费用对我们商誉或长期资产的影响；政府政策、法律或法规以及合法合规成本的变化，包括我们税率或承担额外所得税责任的环境法规的变化；利率上升可能导致我们的借贷成本增加；我们以合理利率筹集资金的能力以及影响我们为未来增长和扩张获得足够资金的其他因素；与信息技术系统、流程和站点有关的安全漏洞；股市波动和其他可能对我们股价产生不利影响的因素；影响我们继续执行股息政策的风险；以及我们对财务报告保持有效内部控制的能力。

我们的前瞻性陈述仅针对截至声明日期的情况，我们无任何义务在声明日期之后因为任何新的信息或未来事件或发展而更新任何前瞻性陈述以反映事件或情况。如果我们确实更新或更正了其中一项或多项陈述，投资者和其他人不应该就此推断我们将进行其他更新或更正。有关上述和其他风险的进一步描述，请参见向美国证券交易委员会提交的截至2021年12月31日的年度报告（表格10-K）、截至2022年3月31日的季度报告（表格10-Q）以及后续报告（表格10-Q和表格8-K）中收录的“风险因素”和其他信息。

联系方式：
投资者：Jason Payant，708-551-2584
媒体：Becca Hary，708-551-2602


Please click here for:
Ingredion Incorporated
Condensed Consolidated Statements of Income (Loss)
(Unaudited)


SOURCE : Ingredion Incorporated

MARCUMBP CHANGES NAME TO MARCUM ASIA CPAS LLP

• New name reflects the Firm’s rapid growth across the region

NEW YORK & BEIJING, Aug 12 (Bernama-BUSINESS WIRE) -- Marcum Bernstein & Pinchuk LLP today announced that the firm will change its name to Marcum Asia CPAs LLP, subject to regulatory approval. The name change will reflect the rapid growth of the firm's work at the intersection of the U.S. and Asia markets.

“Our planned name change reflects the substantial growth of the Firm’s business across our service offerings, our geographic footprint, and our team,” said Drew Bernstein, co-chair of Marcum Asia. “Today, we employ one of the largest teams of SEC and PCAOB-knowledgeable auditors in Mainland China. We recently expanded our presence in the region. Our new office in Singapore increases support for clients across Southeast Asia. This includes middle-market industrial enterprises to multi-billion technology companies.”

Marcum Asia’s client base spans Mainland China, Hong Kong, Taiwan, Japan, Indonesia, Malaysia, and Singapore. The firm provides audit and attest services to both public and private companies, either listed or preparing to list in the U.S. market. Additionally, Marcum Asia provides a range of consulting services to non-audit clients, which include: technical accounting policies, Sarbanes-Oxley, internal controls, corporate governance, and financial due diligence.

“Demand for Marcum Asia’s audit and consulting services in Mainland China remains robust,” commented Charles Yin, managing partner and CEO of Marcum Asia. “We are one of the very few firms with the scale and experience to efficiently complete large, complex assignments for U.S.-listed companies in accordance with the standards of the Public Company Accounting Oversight Board. Continuing concerns about the potential for delisting companies whose auditors are not PCAOB-inspected has fueled a flood of U.S.-listed companies that need the skills and proficiency offered by Marcum Asia.”

Marcum Asia is a fully integrated audit firm providing a full range of audit services, technical review, quality control, and client relationship management, which is unlike other audit firms operating in Asia under a global network of member firms.

“From our very first days in China, we recognized that if we were going to deliver quality audits in China’s complex environment, building an in-house team of trained professionals located in both U.S. and Asia markets was essential,” said Neil Pinchuk, co-chair of Marcum Asia. “We have continued to invest in strengthening our quality control team, recruiting top technical talent, and creating a robust learning pathway and culture. I am exceedingly proud of the maturity, drive, and outstanding integrity of our rising generation of firm leaders.”

About Marcum Asia CPAs LLP

Marcum Asia CPAs LLP is an independent public accounting firm focused on cross-border services for public and private companies in Asia. A joint venture with Marcum LLP, the firm is one of the leading audit and assurance services providers to Asian companies listed on the U.S. stock markets. Marcum Asia is the only audit firm with a dedicated SPAC team for Asia clients, equipped to deliver the technical proficiency, efficiency, and urgency required by SPAC IPOs. The firm is headquartered in New York City and has offices in major cities in China, including Beijing, Tianjin, Shanghai, Guangzhou, and Hangzhou, as well as in Singapore.

To learn more, visit marcumasia.com.

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https://www.businesswire.com/news/home/20220804005070/en/

Contact

Media
Rachel Gerber Kule, Managing Partner, Pursuit PR
rachel@pursuitprny.com

Source : Marcum Bernstein & Pinchuk LLP

UPGRAD CLOSES INVESTMENT ROUND OF USD 210 MILLION

MUMBAI, India, Aug 9 (Bernama-BUSINESS WIRE) -- upGrad, Asia's higher edtech major, has announced a fresh round of fundraise from marquee investors and Family Offices who join the company cap-table.

This round has witnessed participation from ETS Global (world’s largest TOEFL & GRE Test Leader), Bodhi Tree (a JV of James Murdoch & Uday Shankar), Singapore's Kaizen Management Advisors Pvt. Ltd, Family office of Bharti Airtel, Narotam Sekhsaria Family Office (Ambuja Cements and ACC), and Artian Investments along with existing investors Temasek, IFC and IIFL.

Founder Group also invested USD 12.5 million in this round to maintain their over 50% ownership in upGrad.

“We welcome our new investors and industry veterans to the upGrad cap table. There is a massive Re-skilling Revolution taking place around the world and over the last 5 years our 4800+ colleagues have worked hard & smart to be at the epicenter of taking advantage of this, not just in India but around the world. Higher EdTech will be on the rise for the next 4 to 5 decades. upGrad in the last 12 months has re-shaped itself to be the most integrated company in this space with career opportunities for the College learners and Working Professionals from the age of 18 to 58 and will be a LifeLongLearning partner for millions in the coming years. We have always been very capital efficient while growing 100% year-on-year and hope to retain that discipline," said upGrad Co-founders, Ronnie Screwvala and Mayank Kumar in a joint statement while commenting on the fund raise.

upGrad team strength will grow to 7600 from the present 4800 in the next 3 months and will also include about 170 full-time faculty, 1600 teachers, and over 5000 on-contract coaches and mentors, thereby building one of the largest full-time Edtech faculty in the world.

Bucking the slowdown trend within the sector, upGrad has remained bullish with its program completion rate of 80%+ and has emerged as a global leader in the higher education segment. 40% of the company's total revenue is realised from Repeats and Referrals year-on-year.

upGrad is on track to record annual gross revenue of USD 400-500 million during FY23 out of which about 45% of total revenue will be realised from its own-branded online courses and programs.

http://mrem.bernama.com/viewsm.php?idm=43837

TDCX INC. TO REPORT SECOND QUARTER 2022 RESULTS ON WEDNESDAY, AUGUST 24, 2022

SINGAPORE, Aug 11 (Bernama-BUSINESS WIRE) -- TDCX Inc. (“TDCX” or the “Company”) (NYSE: TDCX), an award-winning digital customer experience solutions provider for innovative technology and other blue-chip companies, plans to announce its second quarter 2022 unaudited financial results on August 24, 2022, U.S. Eastern Time, before the U.S. market opens.

On that day, the TDCX senior management will host a conference call to discuss the unaudited financial results.

A live webcast of this conference call will be available on the TDCX website. Access information on the conference call and webcast is as follows:
 

Date and time:				August 24, 2022, 8:00 AM (U.S. Eastern Time)
				August 24, 2022, 8:00 PM (Singapore / Hong Kong Time)
Webcast link:				https://webinars.on24.com/q4/TDCX_Q2_2022
Dial in numbers:				USA Toll Free: +1 855 2656958				UK Toll Free +44 0 800 0156371
				Singapore: +65 3158 0246				Hong Kong: +852 5808 0984
				International: +1 718 7058796

A replay of the conference call will be available at TDCX’s investor relations website (investors.tdcx.com). An archived webcast will be available at the same link above.

About TDCX Inc.

Singapore-headquartered TDCX provides transformative digital CX solutions, enabling world-leading and disruptive brands to acquire new customers, to build customer loyalty and to protect their online communities.

TDCX helps clients achieve their customer experience aspirations by harnessing technology, human intelligence and its global footprint. It serves clients in fintech, gaming, technology, home sharing and travel, digital advertising and social media, streaming and e-commerce. TDCX’s expertise and strong footprint in Asia has made it a trusted partner for clients, particularly high-growth, new economy companies, looking to tap the region’s growth potential.

TDCX’s commitment to delivering positive outcomes for our clients extends to its role as a responsible corporate citizen. Its Corporate Social Responsibility program focuses on positively transforming the lives of its people, its communities and the environment.

TDCX employs more than 15,000 employees across 26 campuses globally, specifically Singapore, Malaysia, Thailand, Philippines, Mainland China, Hong Kong, South Korea, Japan, India, Romania, Spain and Colombia. For more information, please visit www.tdcx.com.

View source version on businesswire.com: 
https://www.businesswire.com/news/home/20220810005276/en/

Contact

For enquiries, please contact:
Investors / Analysts: Jason Lim, lim.jason@tdcx.com
Media: Eunice Seow, eunice.seow@tdcx.com

Source : TDCX INC.