KUALA LUMPUR, Dec 22 (Bernama) -- ImmunoScape, a biotechnology company focused on next-generation T Cell receptor (TCR)-based immunotherapies, announced a partnership with the Experimental Drug Development Centre (EDDC), Singapore's national platform for drug discovery and development hosted by the Agency for Science, Technology and Research (A*STAR), which is set to commence in early next year.
“The benefit of off-the-shelf TCR molecules is that they do not require engineering and manufacturing of the patients’ own T cells, which can make them accessible to a much broader patient population and further results in much lower production costs and shorter timelines for the patients to receive the drug.
“By combining the power of our machine learning-augmented TCR discovery platform with EDDC’s broad expertise in the design of multifunctional constructs, we will aim to rapidly develop novel off-the-shelf TCR-based bispecific molecules that could overcome widespread challenges in cell therapy approaches against solid tumours,” said ImmunoScape Chief Executive Officer (CEO), Choon-Peng Ng.
Meanwhile, EDDC CEO, Damian O'Connell said the company is thrilled to join forces with ImmunoScape to design and produce TCR-based bispecific constructs that could lead to more effective treatments for solid tumours.
“Our deep expertise in progressing projects from discovery and production of antibodies to the design of multifunctional constructs, paired with ImmunoScape’s TCR discovery platform and library of tumour-specific TCRs, will allow us to jointly develop molecules for sensitive and effective tumour targeting in a T cell-independent manner,” he said.
In this new partnership, ImmunoScape will leverage its catalogue of highly potent tumour-specific TCR candidates for the joint development of innovative off-the-shelf TCR-based bispecific molecules with EDDC, according to the company in a statement.
These molecules contain two distinct binding sites and are engineered to bind and activate T cells, redirecting them towards tumour sites for interaction with cells expressing the unique tumour-specific antigen through the TCR.
This approach enables the patient's own T cell repertoire to selectively eliminate cancer cells. EDDC will apply its expertise in therapeutic protein design and antibody engineering to develop these novel TCR-based bispecific molecules.
ImmunoScape’s core antigen-specific T cell immune profiling technology was developed at A*STAR’s Singapore Immunology Network and is exclusively licensed from A*STAR.
Since its spinout from A*STAR in 2016, ImmunoScape has developed a cutting-edge, high-throughput, TCR discovery platform that produces a broad and emerging portfolio of novel, safe, and efficacious TCRs against solid tumours.
-- BERNAMA
Friday, 22 December 2023
Monday, 18 December 2023
CURIA APPOINTS GERALD AUER AS CHIEF FINANCIAL OFFICER
ALBANY, N.Y., Dec 18 (Bernama-GLOBE NEWSWIRE) -- Curia, a leading contract research, development and manufacturing organization, today announced that Gerald Auer has been appointed as chief financial officer. He will join the organization effective Jan. 1, 2024.
“I am delighted to welcome Gerald to Curia as we head into the new year," said Curia CEO Philip Macnabb. “Gerald brings extensive experience leading finance divisions with an impressive track record for success. I am confident that he will be an invaluable asset to our team and will help position us for a strong year in 2024.”
Auer most recently served as CFO at Al Dahra, a company specializing in agribusiness. Prior to his time at Al Dahra, Auer was CFO of the EMEA crop science division, a life science company focused on health care and agriculture. He held multiple leadership roles within its finance department, leading finance functions across the global organization in the North and Latin America region as well as Europe, the Middle East and Africa. Auer studied at the University of Marburg in Germany where he earned his master’s degree in business administration.
He currently resides in Basel, Switzerland with his family, but they plan to relocate to Raleigh, North Carolina in 2024.
“Curia is a dynamic company in the CDMO space with an inspirational mission to improve patients’ lives,” said Auer. “I look forward to collaborating with the talented team at Curia to help drive that mission for our customers and their patients.”
About Curia
Curia is a leading contract research, development, and manufacturing organization providing products and services from R&D through commercial manufacturing to pharmaceutical and biopharmaceutical customers. Curia’s nearly 4,000 employees at 27 locations across the U.S., Europe, and Asia help its customers advance from curiosity to cure. Learn more at CuriaGlobal.com.
Curia Contact Information:
Viana Bhagan
+1 518 512 2111
corporatecommunications@CuriaGlobal.com
SOURCE : Curia Global, Inc.
Friday, 15 December 2023
DIETER SCHLOSSER, FORMER CEO OF SOFTWAREONE, JOINS EYE-ABLE®
Schlosser becomes major investor and new chairman of the Board at Web Inclusion GmbH
MARGETSHÖCHHEIM, Germany, Dec 14 (Bernama-BUSINESS WIRE) -- Web Inclusion GmbH, Europe's leading technology provider of digital accessibility software under the Eye-Able® brand, today announced that Dieter Schlosser, former CEO of SoftwareOne, has joined the company as Chairman of the Board. At the same time, Schlosser will become the main investor in the Franconian company. He sees great potential in promoting digital accessibility and wants to establish Eye-Able® as one of the world's best solutions in this field.
Dieter Schlosser's role and vision
Under Dieter Schlosser's leadership, SoftwareOne AG has become a leading global software company. He brings to his new role at Eye-Able® his experience from the technology industry at SoftwareOne and from his previous roles at Daimler Benz AG, DKSH and BHP. Schlosser comments: "In my work with Web Inclusion, I see a mission to make the world a more accessible and equitable place for all with Eye-Able®. By establishing accessibility institutes in major cities around the world, we aim to educate people with and without disabilities about the importance of inclusion in the digital space. I want to give back to society and actively contribute to creating an inclusive digital world. Every step we take towards digital accessibility brings us closer to a world where everyone can participate equally, true to the credo: Let everyone shine."
Promoting Digital Accessibility
Dieter Schlosser's involvement underscores Web Inclusion's success in making digital content accessible to all user groups with Eye-Able®. Oliver Greiner, CEO and Founder of Web Inclusion: "Dieter Schlosser's role in Eye-Able® goes far beyond that of a major investor. As Chairman of the Board, he will be a central figure in our strategic direction and help us achieve our goals of creating an inclusive digital world.“ A key element of the partnership is the establishment of Accessibility Institutes in major European cities in 2024, and globally thereafter. These facilities will be designed as interactive spaces where people with and without disabilities can experience the importance of inclusion in the digital space. Greiner is certain: "With Dieter Schlosser, Eye-Able® will further strengthen its position as a global solution in the field of digital accessibility.“
About Dieter Schlosser:
His career began in 1982 at Daimler Benz AG, where he held a key position as General Manager for IT in Asia, followed by other key positions at DKSH and BHP. Later, as CEO of SoftwareOne, he became one of the key figures in the global technology industry. During his tenure there, he was responsible for key milestones such as the acquisition of Comparex, the successful IPO of SoftwareOne in October 2019 and the transformation of the company into a global provider of software and cloud solutions, leading to a doubling of net sales to over one billion Swiss francs by 2022.
About Eye-Able®:
Web Inclusion GmbH, based in Margetshöchheim near Würzburg, Germany, is a holistic digital accessibility provider. In addition to the Eye-Able® software service, the team offers WCAG testing as well as training and workshops on digital accessibility. The software portfolio includes WCAG testing software, an admin dashboard for visualization, including PDF checking, and assistive software as extensions to already accessible websites. In total, over 2000 customers already use Eye-Able® software solutions. The company's mission is to provide equal access to information, knowledge and services on the Web for as many people as possible.
Further information can be found at https://eye-able.com/en
View source version on businesswire.com:
https://www.businesswire.com/news/home/20231214797077/en/
Contact
Chris Schmidt
chris.schmidt@eye-able.com
+49 176 64103397
Press contact:
FRANKEMEDIA
Thorsten Franke-Haverkamp
info@frankemedia.com
+49 89 20042748
Source : Web Inclusion GmbH
--BERNAMA
MARGETSHÖCHHEIM, Germany, Dec 14 (Bernama-BUSINESS WIRE) -- Web Inclusion GmbH, Europe's leading technology provider of digital accessibility software under the Eye-Able® brand, today announced that Dieter Schlosser, former CEO of SoftwareOne, has joined the company as Chairman of the Board. At the same time, Schlosser will become the main investor in the Franconian company. He sees great potential in promoting digital accessibility and wants to establish Eye-Able® as one of the world's best solutions in this field.
Dieter Schlosser's role and vision
Under Dieter Schlosser's leadership, SoftwareOne AG has become a leading global software company. He brings to his new role at Eye-Able® his experience from the technology industry at SoftwareOne and from his previous roles at Daimler Benz AG, DKSH and BHP. Schlosser comments: "In my work with Web Inclusion, I see a mission to make the world a more accessible and equitable place for all with Eye-Able®. By establishing accessibility institutes in major cities around the world, we aim to educate people with and without disabilities about the importance of inclusion in the digital space. I want to give back to society and actively contribute to creating an inclusive digital world. Every step we take towards digital accessibility brings us closer to a world where everyone can participate equally, true to the credo: Let everyone shine."
Promoting Digital Accessibility
Dieter Schlosser's involvement underscores Web Inclusion's success in making digital content accessible to all user groups with Eye-Able®. Oliver Greiner, CEO and Founder of Web Inclusion: "Dieter Schlosser's role in Eye-Able® goes far beyond that of a major investor. As Chairman of the Board, he will be a central figure in our strategic direction and help us achieve our goals of creating an inclusive digital world.“ A key element of the partnership is the establishment of Accessibility Institutes in major European cities in 2024, and globally thereafter. These facilities will be designed as interactive spaces where people with and without disabilities can experience the importance of inclusion in the digital space. Greiner is certain: "With Dieter Schlosser, Eye-Able® will further strengthen its position as a global solution in the field of digital accessibility.“
About Dieter Schlosser:
His career began in 1982 at Daimler Benz AG, where he held a key position as General Manager for IT in Asia, followed by other key positions at DKSH and BHP. Later, as CEO of SoftwareOne, he became one of the key figures in the global technology industry. During his tenure there, he was responsible for key milestones such as the acquisition of Comparex, the successful IPO of SoftwareOne in October 2019 and the transformation of the company into a global provider of software and cloud solutions, leading to a doubling of net sales to over one billion Swiss francs by 2022.
About Eye-Able®:
Web Inclusion GmbH, based in Margetshöchheim near Würzburg, Germany, is a holistic digital accessibility provider. In addition to the Eye-Able® software service, the team offers WCAG testing as well as training and workshops on digital accessibility. The software portfolio includes WCAG testing software, an admin dashboard for visualization, including PDF checking, and assistive software as extensions to already accessible websites. In total, over 2000 customers already use Eye-Able® software solutions. The company's mission is to provide equal access to information, knowledge and services on the Web for as many people as possible.
Further information can be found at https://eye-able.com/en
View source version on businesswire.com:
https://www.businesswire.com/news/home/20231214797077/en/
Contact
Chris Schmidt
chris.schmidt@eye-able.com
+49 176 64103397
Press contact:
FRANKEMEDIA
Thorsten Franke-Haverkamp
info@frankemedia.com
+49 89 20042748
Source : Web Inclusion GmbH
--BERNAMA
Thursday, 14 December 2023
FOODPANDA PARTNERS PINE LABS' QWIKCILVER TO LAUNCH GIFT CARDS
SINGAPORE, Dec 14 (Bernama-BUSINESS WIRE) -- Pine Labs' Qwikcilver, a leading provider of end-to-end gift card and stored value solutions in Southeast Asia and India, and foodpanda, Asia’s largest food and grocery delivery network (outside of China), have partnered to launch foodpanda Gift Cards – an enhanced solution that enables foodpanda customers to easily redeem and cart out purchases.
The new Gift Card feature will be first available to foodpanda corporate customers under ‘foodpanda for business’, the company’s dedicated vertical providing corporate solutions. The integration of Gift Cards simplifies the administrative process for foodpanda’s corporate customers as it now lets them easily purchase and share Gift Cards with their employees via the foodpanda for business portal, enabling them to easily keep track of previous purchases and spends. Upon confirmation of orders, recipients will be able to receive their Gift Cards within 24 hours – providing a convenient and fuss-free way for companies to dish out employee benefits that suit any occasion.
For employees, Gift Cards also allow for greater flexibility for usage as unlike vouchers, Gift Cards allow customers to store any unused balance for later use. Gift Cards can also be used on multiple orders, providing customers with more options to redeem their Gift Cards on foodpanda’s many services including purchasing groceries on pandamart and retail specialty goods on foodpanda shops. The Gift Cards powered by Pine Labs Qwikcilver are currently available for purchase in Thailand and Singapore, and will eventually be rolled out to all 11 markets that foodpanda operates in. There are also plans to make Gift Cards available to all customers (including non-corporate) in the future.
Commenting on the partnership, Abhishek Ahuja, Director of Fintech at foodpanda said, “As flexible working becomes the norm, we want to equip companies with the ability to provide their employees with benefits that they can enjoy anytime, anywhere. Together with Pine Labs’ Qwikcilver, we can now offer companies a user-friendly way that they can show appreciation for their employees through Gift Cards, without the additional administrative and payment burden.”
“With presence in more than 400 cities, foodpanda is a name to reckon with in the online food delivery and grocery space. For Pine Labs’ Qwikcilver brand, it is an absolute thrill to partner tech-first company foodpanda and power their gift cards and vouchers program across 11 APAC countries, and this is just the beginning of future collaborations between the two entities,” said Dheeraj Chowdhry, Chief Business Officer – SEA, Pine Labs.
“Our Gift Cards platform is today powering several multinational, large, and small-sized businesses across diverse industry verticals and geographies. Across these clients we have observed that the Gift Cards or voucher-based cards are a very sound business model, delivering attractive financial benefits. With a single card transaction, our brand partners end up with two customers, i.e., the sender and the recipient. We have also observed that customers tend to purchase more than the card value, resulting in increased sales and basket size for our clients,” added Dheeraj Chowdhry.
About foodpanda
foodpanda is a leading delivery platform in Asia dedicated to bringing consumers a wide range of food, groceries and more, quickly and conveniently. Powered by technology and operational excellence, foodpanda is spearheading the growth of quick-commerce (q-commerce) across the region with its network of retail partners, as well as pandamart cloud stores to provide more on-demand options beyond the millions of food delivery options. foodpanda operates in more than 400 cities across 11 markets in Asia - Singapore, Hong Kong, Thailand, Malaysia, Pakistan, Taiwan, Philippines, Bangladesh, Laos, Cambodia, and Myanmar. foodpanda is a subsidiary of Delivery Hero, a global leader of the food delivery industry. For more information, visit www.foodpanda.com
About Pine Labs
Pine Labs is a leading merchant commerce omnichannel platform operating across India and Southeast Asia. Pine Labs’ tech-first approach to digital payments and focus on simplification at the front end aims to help many businesses embrace fintech products at scale.
In digital payments, our online payments cloud-based software Plural represents a one-stop payments destination across channels.
Our Issuing business is powered by Qwikcilver – Qwikcilver offers a cutting-edge, full-stack, end-to-end technology service solution in the Pre-paid Transaction Management, Gift Cards, and Sales/ Distribution Space, with a strong presence in multiple countries and live service engagements with leading brands and major customers from the Retail, Hospitality and Airline Industries, across the following geographical regions: South Asia - India, South East Asia and the Far East - Singapore, Malaysia, Indonesia, Philippines, Middle East and Africa - Dubai, Abu Dhabi, South Africa, Europe - Luxembourg and Czech Republic, Australia, New Zealand and Hawaii in the United States of America, at the present moment.
In consumer app, Fave is a fintech platform for the next generation of consumers, providing smart payments and savings, while empowering merchants with a loyalty solution to grow and engage with their customers in a whole new way.
To know more, please visit www.pinelabs.com and www.qwikcilver.com.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20231212100988/en/
Contact
Media Contacts
For Pine Labs
Swati Chauhan
Ruder Finn Asia
chauhans@ruderfinn.com
+91- 8505947705
For foodpanda
Katrina Khoe
foodpanda
Katrina.khoe@foodpanda.com
+65 9726 9199
Source : Pine Labs
--BERNAMA
The new Gift Card feature will be first available to foodpanda corporate customers under ‘foodpanda for business’, the company’s dedicated vertical providing corporate solutions. The integration of Gift Cards simplifies the administrative process for foodpanda’s corporate customers as it now lets them easily purchase and share Gift Cards with their employees via the foodpanda for business portal, enabling them to easily keep track of previous purchases and spends. Upon confirmation of orders, recipients will be able to receive their Gift Cards within 24 hours – providing a convenient and fuss-free way for companies to dish out employee benefits that suit any occasion.
For employees, Gift Cards also allow for greater flexibility for usage as unlike vouchers, Gift Cards allow customers to store any unused balance for later use. Gift Cards can also be used on multiple orders, providing customers with more options to redeem their Gift Cards on foodpanda’s many services including purchasing groceries on pandamart and retail specialty goods on foodpanda shops. The Gift Cards powered by Pine Labs Qwikcilver are currently available for purchase in Thailand and Singapore, and will eventually be rolled out to all 11 markets that foodpanda operates in. There are also plans to make Gift Cards available to all customers (including non-corporate) in the future.
Commenting on the partnership, Abhishek Ahuja, Director of Fintech at foodpanda said, “As flexible working becomes the norm, we want to equip companies with the ability to provide their employees with benefits that they can enjoy anytime, anywhere. Together with Pine Labs’ Qwikcilver, we can now offer companies a user-friendly way that they can show appreciation for their employees through Gift Cards, without the additional administrative and payment burden.”
“With presence in more than 400 cities, foodpanda is a name to reckon with in the online food delivery and grocery space. For Pine Labs’ Qwikcilver brand, it is an absolute thrill to partner tech-first company foodpanda and power their gift cards and vouchers program across 11 APAC countries, and this is just the beginning of future collaborations between the two entities,” said Dheeraj Chowdhry, Chief Business Officer – SEA, Pine Labs.
“Our Gift Cards platform is today powering several multinational, large, and small-sized businesses across diverse industry verticals and geographies. Across these clients we have observed that the Gift Cards or voucher-based cards are a very sound business model, delivering attractive financial benefits. With a single card transaction, our brand partners end up with two customers, i.e., the sender and the recipient. We have also observed that customers tend to purchase more than the card value, resulting in increased sales and basket size for our clients,” added Dheeraj Chowdhry.
About foodpanda
foodpanda is a leading delivery platform in Asia dedicated to bringing consumers a wide range of food, groceries and more, quickly and conveniently. Powered by technology and operational excellence, foodpanda is spearheading the growth of quick-commerce (q-commerce) across the region with its network of retail partners, as well as pandamart cloud stores to provide more on-demand options beyond the millions of food delivery options. foodpanda operates in more than 400 cities across 11 markets in Asia - Singapore, Hong Kong, Thailand, Malaysia, Pakistan, Taiwan, Philippines, Bangladesh, Laos, Cambodia, and Myanmar. foodpanda is a subsidiary of Delivery Hero, a global leader of the food delivery industry. For more information, visit www.foodpanda.com
About Pine Labs
Pine Labs is a leading merchant commerce omnichannel platform operating across India and Southeast Asia. Pine Labs’ tech-first approach to digital payments and focus on simplification at the front end aims to help many businesses embrace fintech products at scale.
In digital payments, our online payments cloud-based software Plural represents a one-stop payments destination across channels.
Our Issuing business is powered by Qwikcilver – Qwikcilver offers a cutting-edge, full-stack, end-to-end technology service solution in the Pre-paid Transaction Management, Gift Cards, and Sales/ Distribution Space, with a strong presence in multiple countries and live service engagements with leading brands and major customers from the Retail, Hospitality and Airline Industries, across the following geographical regions: South Asia - India, South East Asia and the Far East - Singapore, Malaysia, Indonesia, Philippines, Middle East and Africa - Dubai, Abu Dhabi, South Africa, Europe - Luxembourg and Czech Republic, Australia, New Zealand and Hawaii in the United States of America, at the present moment.
In consumer app, Fave is a fintech platform for the next generation of consumers, providing smart payments and savings, while empowering merchants with a loyalty solution to grow and engage with their customers in a whole new way.
To know more, please visit www.pinelabs.com and www.qwikcilver.com.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20231212100988/en/
Contact
Media Contacts
For Pine Labs
Swati Chauhan
Ruder Finn Asia
chauhans@ruderfinn.com
+91- 8505947705
For foodpanda
Katrina Khoe
foodpanda
Katrina.khoe@foodpanda.com
+65 9726 9199
Source : Pine Labs
--BERNAMA
Wednesday, 13 December 2023
MORELOGIN, THE WORLD'S #1 ANTIDETECT BROWSER, SHOWCASED AT AFFILIATE WORLD ASIA (AWA)
 |
| MoreLogin attends AWA (Photo: Business Wire) |
BANGKOK, Dec 13 (Bernama-BUSINESS WIRE) -- MoreLogin, a leader in the field of antidetect browser technology, today announced its participation in Affiliate World Asia (AWA), the premier conference for affiliate marketing in Bangkok, Thailand. MoreLogin's presence at this prestigious event underscores its commitment to providing innovative solutions for affiliate marketers worldwide.
This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20231212705676/en/
AWA is Asia's largest affiliate marketing conference, bringing together top marketing experts and brands from around the world. MoreLogin's presentation attracted significant attention from attendees interested in tools that can enhance affiliate marketing efficiency.
MORELOGIN, THE WORLD'S #1 ANTIDETECT BROWSER, SHOWCASED AT AFFILIATE WORLD ASIA (AWA)
MAYBANK, MR.DIY, AND SPRITZER ARE AMONG THE WINNERS OF THE 2023 - 2024 WORLD BRANDING AWARDS
LONDON, Dec 13 (Bernama-BUSINESS WIRE) -- The 17th edition of the World Branding Awards honoured the success and achievements of some of the World’s Best Brands as National, Regional, and Global Winners. The 2023 - 2024 World Branding Awards saw over 1,500 brands from more than 40 countries nominated as “Brand of the Year”. Of these, less than 200 were declared Winners.
The prestigious Award Ceremony was held at the home of the awards, Kensington Palace, United Kingdom. It welcomed over 100 guests worldwide and was hosted by acclaimed television presenter, David Croft.
Global winners who proved excellence and impeccable branding in their industry include Yakult (Japan), LURPAK (Denmark), Marriott International (USA), and The Body Shop (United Kingdom).
Winners from Malaysia include Spritzer, Munchy’s, Getha, Maybank, MR.DIY, Sunway Property, Golden Screen Cinema, Al-Ikhsan Sports, Twisties, Unifi, and Aeon. Other National tier winners include Frank & Co. (Indonesia), INDOPLAS (The Philippines), TOPS (Thailand), Nippon Rent-A-Car (Japan), Boots (United Kingdom), Safaricom (Kenya), Sokos Hotel (Finland), and Sukiya (Japan), to name a few.
Only 14 brands were selected to receive the Regional Tier award this year, including Nippon Rent-A-Car (Japan), GIG (Kuwait), MR.DIY (Malaysia), M-150 (Thailand), HECOM (Hong Kong), and VITADAY (Thailand). These brands were voted as consumers' favourites in 4 or more countries across 3 or more areas in a specific geographic region.
“This is a celebration of the continuous efforts that is vital to building outstanding brands. To stay relevant as a brand, brands must build an image that resonates and lasts. This means not only building up a culture and community around the brand through marketing, but also ensuring that all generations continue to find the brand interesting,” said Mr Richard Rowles, Chairman of the World Branding Forum.
More than 150,000 consumers participated in the nomination process globally this year. On average, there are only 5 winning brands in each country, proving that winning a World Branding Award is a remarkable accomplishment.
For more information and the full list of winners, visit awards.brandingforum.org.
The prestigious Award Ceremony was held at the home of the awards, Kensington Palace, United Kingdom. It welcomed over 100 guests worldwide and was hosted by acclaimed television presenter, David Croft.
Global winners who proved excellence and impeccable branding in their industry include Yakult (Japan), LURPAK (Denmark), Marriott International (USA), and The Body Shop (United Kingdom).
Winners from Malaysia include Spritzer, Munchy’s, Getha, Maybank, MR.DIY, Sunway Property, Golden Screen Cinema, Al-Ikhsan Sports, Twisties, Unifi, and Aeon. Other National tier winners include Frank & Co. (Indonesia), INDOPLAS (The Philippines), TOPS (Thailand), Nippon Rent-A-Car (Japan), Boots (United Kingdom), Safaricom (Kenya), Sokos Hotel (Finland), and Sukiya (Japan), to name a few.
Only 14 brands were selected to receive the Regional Tier award this year, including Nippon Rent-A-Car (Japan), GIG (Kuwait), MR.DIY (Malaysia), M-150 (Thailand), HECOM (Hong Kong), and VITADAY (Thailand). These brands were voted as consumers' favourites in 4 or more countries across 3 or more areas in a specific geographic region.
“This is a celebration of the continuous efforts that is vital to building outstanding brands. To stay relevant as a brand, brands must build an image that resonates and lasts. This means not only building up a culture and community around the brand through marketing, but also ensuring that all generations continue to find the brand interesting,” said Mr Richard Rowles, Chairman of the World Branding Forum.
More than 150,000 consumers participated in the nomination process globally this year. On average, there are only 5 winning brands in each country, proving that winning a World Branding Award is a remarkable accomplishment.
For more information and the full list of winners, visit awards.brandingforum.org.
MAYBANK, MR.DIY, AND SPRITZER ARE AMONG THE WINNERS OF THE 2023 - 2024 WORLD BRANDING AWARDS
Tuesday, 12 December 2023
VINSSEN CO., LTD. SUCCESSFULLY SUPPLIES HYDROGEN FUEL CELL FOR INDUSTRY PROJECT IN SINGAPORE
• Working with key industry partners to trial hydrogen as a marine fuel
• Successful factory inspection and delivery of hydrogen fuel cell for maritime auxiliary power generation
• Fuel cell system to be installed on a vessel in Singapore for one year
YEONGAM, South Korea, Dec 11 (Bernama-BUSINESS WIRE) -- VINSSEN Co., Ltd. (CEO Chil-Han Lee), a company specializing in the production of electric and hydrogen hybrid propulsion systems, has successfully tested and delivered a hydrogen fuel cell system for a trial project involving several key industry partners.
This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20231210840155/en/
VINSSEN is collaborating with Shell Singapore Pte. Ltd. (Shell) as the project sponsor, Seatrium Limited as the project developer, Penguin International Limited as the owner and operator of the vessel, and Air Liquide Singapore Private Limited as the hydrogen supplier.
This project is a pilot to test the use of hydrogen fuel cells in maritime applications, marking the first step in confirming feasibility of hydrogen as a marine fuel. The hydrogen fuel cell system has been delivered from Korea and will be installed on the RoRo vessel, Penguin Tenacity.
VINSSEN signed a contract with Shell in 2022 to supply the hydrogen fuel cell for the project. A number of checks have been conducted, including HAZID (Hazard Identification), HAZOP (Hazard and Operability), and FMECA (Failure Mode and Effects, Criticality Analysis). Safety verification was performed for the installation of the hydrogen fuel cell system, and the project's hazard confirmation evaluation and roadmap check have also been completed.
The main components of the hydrogen fuel cell system delivered by VINSSEN comprise Fuel Cell Module (FCM), Integrated Converter Module (ICM), Lithium-Ion Battery (LIB), and Transformer (TR) for vessel auxiliary power generation. The system will be used for operations in Singapore for one year (commencing in 2024), and is a project to convert data from operations into real-time data to verify stability and performance.
VINSSEN plans to deploy manpower directly to the Singapore shipyard to install, integrate, and inspect the hydrogen fuel cell system. VINSSEN’s ability to approach and efficiently solve problems was clearly demonstrated during the course of this project.
The Fuel Cell System has completed all drawing inspections and factory product tests to undergo classification inspection with Bureau Veritas (BV). An inspection report (attestation) will be issued upon completion of final commissioning and testing onboard the vessel.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20231210840155/en/
Contact
Su Yeon KIM
+82-70-4121-8637
sykim@vinssen.com
Source : VINSSEN Co., Ltd.
--BERNAMA
BASF ENVIRONMENTAL CATALYST AND METAL SOLUTIONS (ECMS) SIGNS AGREEMENT TO ACQUIRE ARC METAL AB IN SWEDEN
- Acquisition adds smelting capability to serve spent automotive catalyst customers in Europe, Middle East and Africa
- Complements ECMS recycling operations and global precious metal services
- Broadens range of materials that can be processed by ECMS
- Closing of transaction expected in early first quarter 2024
ISELIN, N.J., Dec 12 (Bernama-GLOBE NEWSWIRE) -- BASF Environmental Catalyst and Metal Solutions (ECMS) has signed an agreement to purchase the assets of Arc Metal AB in Hofors, Sweden. The company currently conducts toll smelting and processing of spent automotive catalyst, among other services, and will further complement ECMS’s existing global precious metal recycling operations in Cinderford, UK, Seneca and Spartanburg, South Carolina, and Caldwell, Texas, USA. The closing of the transaction is expected early in the first quarter of 2024.
“This investment will allow us to grow our recycling business in Europe and bring in best-in-class pyro-metallurgical technology providing flexibility to process high carbon containing materials, like Silicon Carbide found in spent automotive catalyst materials as well as access to new markets,” said Tim Ingle, Senior Vice President, Precious Metal Services and Recycling, ECMS. “We look forward to welcoming our new colleagues who bring vast experience in smelting and processing of spent automotive catalysts.”
The additional smelting capacity at the Sweden site will also increase utilization of the new refinery capacity in Seneca, South Carolina. Recycled catalysts go through a smelting process and are then refined to produce the high purity precious metal needed to make new catalysts and other end use products, supporting a circular economy. Recycled platinum group metals can also lower carbon emissions by up to 97 percent, in comparison to refining mined or primary materials1.
“The asset purchase will enable ECMS to meet increased customer demand for spent automotive catalyst recycling and position ECMS more competitively in the region,” said Dirk Bremm, President and CEO, ECMS. “The acquisition also aligns with our sustainability efforts and those of our customers since catalyst recycling as a secondary supply is a significant source of precious metals, preserving our critical resources.”
To learn more about BASF’s recycling business, visit www.basf.com/ecms.
1 Source: Sphera Solutions GmbH (2022): GaBi Database Edition 2022, SP37
About BASF Environmental Catalyst and Metal Solutions
Leveraging its deep expertise as a global leader in catalysis and precious metals, BASF Environmental Catalyst and Metal Solutions (ECMS) serves customers in many industries including automotive, aerospace, indoor air quality, semiconductors, and hydrogen economy, and provides full loop services with its precious metals trading and recycling offering. With a focus on circular solutions and sustainability, ECMS is committed to helping our customers create a cleaner, more sustainable world. Protecting the elements of life is our purpose and this inspires us to ever-new solutions. ECMS operates globally in 15 countries with over 4,500 employees and 20 production sites.
Media Relations contact:
Betsy Arnone
Phone: +1 973-519-9808
betsy.arnone@basf-catalystsmetals.com
SOURCE : BASF Environmental Catalyst and Metal Solutions LLC
Sunday, 10 December 2023
Ibaraki Prefecture Unveils Video Ensuring Fresh Ingredients For Dinner Tables Worldwide
KUALA LUMPUR, Dec 8 (Bernama) -- The Ibaraki Prefectural Government, the host of the 2023 Group of Seven (G7) Interior and Security Ministers' Meeting in Mito, released a video, featuring leaders of the local farming and fisheries sector making strenuous efforts, as well as the Ibaraki governor's message.
Ibaraki Prefecture, endowed with fertile land and the bountiful sea, is thriving with agriculture and fishing, as it has a close proximity to Japan's capital Tokyo, supported by excellent transportation networks, and has been playing an important role in supplying food to the Tokyo metropolitan area.
According to Ibaraki Prefectural Government in a statement, the video highlights that Ibaraki's farm product exports has increased tenfold over six years, ranking second in gross agricultural output on a prefectural basis in the country.
In anticipation of the shrinkage of the domestic market due to depopulation, Ibaraki Prefecture, focusing on "Hitachi" beef, rice, fruits, and vegetables as key items, is exploring overseas markets and promoting exports.
Meanwhile, exports of sweet potatoes are brisk because of demand for baked sweet potatoes in Southeast Asia. The Namegata region in the southeast of the prefecture is a leading producer of sweet potatoes in Japan, also shown in the video.
Moreover, the video also features Ibaraki's fisheries industry combating climate change with the latest technology. Ibaraki Prefecture, with rich fishing grounds, was ranked second in marine fish harvest by prefecture in Japan in fiscal 2021 in addition to being the country's biggest harvester of mackerel.
Ibaraki will be launching a verification project for mackerel aquaculture using artificial intelligence technology and devices to feed the fish automatically while checking their physical conditions, among other means.
It will also start "Kasumigaura caviar”, a new brand using cultured sturgeons, whereby aquafarming has advantages over catching fish in the oceans because it is less affected by climate change, and it can be carried out onshore using fresh water.
-- BERNAMA
Friday, 8 December 2023
TUNE PROTECT RE’S LONG-TERM ISSUER CREDIT RATING OUTLOOK REVISED TO POSITIVE - AM BEST
KUALA LUMPUR, Dec 8 (Bernama) -- Global credit rating agency, AM Best has revised the outlook to positive from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) of “bbb” (Good) and affirmed the Financial Strength Rating (FSR) of B++ (Good) as well as the Long-Term ICR of Malaysia's Tune Protect Re Ltd (TPR).
The outlook of the FSR is stable and the credit ratings (ratings) reflect TPR’s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.
The revised Long-Term ICR outlook of positive from stable reflects AM Best’s expectation that TPR’s operating performance metrics will improve over the medium term, predominantly driven by the growth of the travel industry post COVID-19.
TPR’s balance sheet strength assessment is underpinned by its risk-adjusted capitalisation, which is expected to remain at the strongest level over the medium term, as measured by Best’s Capital Adequacy Ratio.
AM Best in a statement said it viewed the company as having a modest risk investment strategy. Investment assets are predominantly held in unit trust funds, whereby the underlying assets are mainly fixed-income securities with good credit quality.
The rating agency’s balance sheet strength analysis also incorporates a neutral holding company’s impact following an assessment of TPR’s parent group, Tune Protect Group Berhad (TPG).
AM Best considers TPR’s operating performance to be adequate, with a five-year average return-on-equity ratio of 16.4 per cent (2018-2022).
Over the past three years, the company’s revenue and operating earnings were adversely impacted by the COVID-19 pandemic, as well as by unrealised fair value investment losses arising from interest rate movements in recent periods.
However, the recovery of air travel post COVID-19 is expected to drive an improving trend in TPR’s technical performance due to economies of scale.
-- BERNAMA
BREADTALK, FOOD REPUBLIC, AND POH HENG ARE AMONG THE WINNERS OF THE 2023 - 2024 WORLD BRANDING AWARDS
LONDON, Dec 8 (Bernama-BUSINESS WIRE) -- The 17th edition of the World Branding Awards honoured the success and achievements of some of the World’s Best Brands as National, Regional, and Global Winners. The 2023 - 2024 World Branding Awards saw over 1,500 brands from more than 40 countries nominated as “Brand of the Year”. Of these, less than 200 were declared Winners.
The prestigious Award Ceremony was held at the home of the awards, Kensington Palace, United Kingdom. It welcomed over 100 guests worldwide and was hosted by acclaimed television presenter, David Croft.
Global winners who proved excellence and impeccable branding in their industry include Yakult (Japan), CoCo (Taiwan), LURPAK (Denmark), Marriott International (USA), and The Body Shop (United Kingdom).
Winners from Singapore include Bosch, BreadTalk, Food Republic, Raffles Education, Singapore Airlines, and Poh Heng. Other National tier winners include FERN-D (The Philippines), Sukiya (Japan), Blacklist Coffee Roasters (Australia), Frank & Co. (Indonesia), Thai Life Insurance (Thailand), Tsui Wah (Hong Kong), K-Supermarket (Finland), and Tefal (France), to name a few.
Only 14 brands were selected to receive the Regional Tier award this year, including Nippon Rent-A-Car (Japan), GIG (Kuwait), MR.DIY (Malaysia), M-150 (Thailand), HECOM (Hong Kong), and VITADAY (Thailand). These brands were voted as consumers' favourites in 4 or more countries across 3 or more areas in a specific geographic region.
“This is a celebration of the continuous efforts that is vital to building outstanding brands. To stay relevant as a brand, brands must build an image that resonates and lasts. This means not only building up a culture and community around the brand through marketing, but also ensuring that all generations continue to find the brand interesting.” said Mr Richard Rowles, Chairman of the World Branding Forum.
More than 150,000 consumers participated in the nomination process globally this year. On average, there are only 5 winning brands in each country, proving that winning a World Branding Award is a remarkable accomplishment.
For more information and the full list of winners, visit awards.brandingforum.org.
ABOUT WORLD BRANDING AWARDS
The World Branding Awards is the premier awards of the World Branding Forum, a registered non-profit organisation. The awards recognise the achievements of some of the world’s best brands.
SOCIAL MEDIA
Facebook: https://www.facebook.com/worldbrandingforum/
Twitter: https://twitter.com/WorldBranding
Instagram: https://www.instagram.com/worldbranding/
LinkedIn: https://linkedin.com/company/world-branding-forum
View source version on businesswire.com:
https://www.businesswire.com/news/home/20231207553237/en/
Contact
Email: editorial@brandingforum.org
Source : World Branding Awards
--BERNAMA
The prestigious Award Ceremony was held at the home of the awards, Kensington Palace, United Kingdom. It welcomed over 100 guests worldwide and was hosted by acclaimed television presenter, David Croft.
Global winners who proved excellence and impeccable branding in their industry include Yakult (Japan), CoCo (Taiwan), LURPAK (Denmark), Marriott International (USA), and The Body Shop (United Kingdom).
Winners from Singapore include Bosch, BreadTalk, Food Republic, Raffles Education, Singapore Airlines, and Poh Heng. Other National tier winners include FERN-D (The Philippines), Sukiya (Japan), Blacklist Coffee Roasters (Australia), Frank & Co. (Indonesia), Thai Life Insurance (Thailand), Tsui Wah (Hong Kong), K-Supermarket (Finland), and Tefal (France), to name a few.
Only 14 brands were selected to receive the Regional Tier award this year, including Nippon Rent-A-Car (Japan), GIG (Kuwait), MR.DIY (Malaysia), M-150 (Thailand), HECOM (Hong Kong), and VITADAY (Thailand). These brands were voted as consumers' favourites in 4 or more countries across 3 or more areas in a specific geographic region.
“This is a celebration of the continuous efforts that is vital to building outstanding brands. To stay relevant as a brand, brands must build an image that resonates and lasts. This means not only building up a culture and community around the brand through marketing, but also ensuring that all generations continue to find the brand interesting.” said Mr Richard Rowles, Chairman of the World Branding Forum.
More than 150,000 consumers participated in the nomination process globally this year. On average, there are only 5 winning brands in each country, proving that winning a World Branding Award is a remarkable accomplishment.
For more information and the full list of winners, visit awards.brandingforum.org.
ABOUT WORLD BRANDING AWARDS
The World Branding Awards is the premier awards of the World Branding Forum, a registered non-profit organisation. The awards recognise the achievements of some of the world’s best brands.
SOCIAL MEDIA
Facebook: https://www.facebook.com/worldbrandingforum/
Twitter: https://twitter.com/WorldBranding
Instagram: https://www.instagram.com/worldbranding/
LinkedIn: https://linkedin.com/company/world-branding-forum
View source version on businesswire.com:
https://www.businesswire.com/news/home/20231207553237/en/
Contact
Email: editorial@brandingforum.org
Source : World Branding Awards
--BERNAMA
Thursday, 7 December 2023
AM BEST AFFIRMS CREDIT RATINGS OF MERITZ FIRE & MARINE INSURANCE CO., LTD.
HONG KONG, Dec 7 (Bernama-BUSINESS WIRE) -- AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of Meritz Fire & Marine Insurance Co., Ltd. (Meritz) (South Korea). The outlook of these Credit Ratings (ratings) is stable.
The ratings reflect Meritz’s balance sheet strength, which AM Best assesses as strong, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management.
Meritz’s balance sheet strength is well-supported by its risk-adjusted capitalisation, which is assessed at the very strong level, as measured by Best’s Capital Adequacy Ratio (BCAR). Meritz has good financial flexibility, as evidenced by several rounds of capital injections from its parent, Meritz Financial Group Inc. (MFG), as well as successful issuances of hybrid/subordinated bonds in previous years. While there is a likelihood of increased dividends being sent upstream under the new group structure, AM Best expects that Meritz’s strong earnings stream will continue to support its risk-adjusted capitalisation over the medium term. In terms of its sizeable exposure to real estate-related loans, the company has appropriate risk management practices in place. That being said, it is necessary to monitor any potential increase in asset risk closely, especially given the uncertainty in the domestic and global real estate markets in recent periods.
Meritz’s operating performance is underpinned by consistently strong investment performance and a relatively low loss ratio compared with its domestic peers. The overall loss ratio continued a downward trend in 2022 due to the improvement in the long-term insurance line owing to an enlarged premium base and various measures taken by the company and regulators to stabilise medical claims in recent years. Despite a rebound in medical claims in 2023 during the post-pandemic phase, the overall profitability of the long-term line is expected to be supported by Meritz’s ongoing efforts to tighten underwriting and claims management and expand into high-margin policies. The company’s historically strong investment income, mainly supported by competitive returns from real estate-related loans, continued to be a major source of earnings, with a five-year average net investment return (including capital gains/losses) of 4.7% (2018-2022).
Meritz is the fifth-largest non-life insurer in South Korea, with a growing market share that reached 11.5% in 2022 in terms of gross premiums written (GPW). The company strategically focuses on long-term insurance, which represented about 85% of its 2022 GPW, while auto and general segments made up the remainder. AM Best expects that the current business mix will remain largely unchanged over the medium term. The general agency channel remains as a major distribution channel and has been the key driver of the company’s growth in prior years.
Negative rating actions could occur if there is a significant deterioration in Meritz’s risk-adjusted capitalisation, for example, due to insufficient capital growth to support its business expansion or an increase in investment asset risk or an excessive dividend policy, to a level that no longer supports the current balance sheet strength assessment. A material deterioration in the credit profile of its parent, MFG, also may have a negative impact on the company’s ratings. Positive rating action could occur if the company demonstrates sustained improvement in its balance sheet fundamentals.
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 AM 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 AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings. For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments.
AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.
Copyright © 2023 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20231206052095/en/
Contact
Minji Cha
Associate Financial Analyst
+852 2827 3424
minji.cha@ambest.com
Christopher Sharkey
Associate Director, Public Relations
+1 908 882 2310
christopher.sharkey@ambest.com
Chanyoung Lee
Director, Analytics
+852 2827 3404
chanyoung.lee@ambest.com
Al Slavin
Senior Public Relations Specialist
+1 908 882 2318
al.slavin@ambest.com
Source : AM Best
The ratings reflect Meritz’s balance sheet strength, which AM Best assesses as strong, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management.
Meritz’s balance sheet strength is well-supported by its risk-adjusted capitalisation, which is assessed at the very strong level, as measured by Best’s Capital Adequacy Ratio (BCAR). Meritz has good financial flexibility, as evidenced by several rounds of capital injections from its parent, Meritz Financial Group Inc. (MFG), as well as successful issuances of hybrid/subordinated bonds in previous years. While there is a likelihood of increased dividends being sent upstream under the new group structure, AM Best expects that Meritz’s strong earnings stream will continue to support its risk-adjusted capitalisation over the medium term. In terms of its sizeable exposure to real estate-related loans, the company has appropriate risk management practices in place. That being said, it is necessary to monitor any potential increase in asset risk closely, especially given the uncertainty in the domestic and global real estate markets in recent periods.
Meritz’s operating performance is underpinned by consistently strong investment performance and a relatively low loss ratio compared with its domestic peers. The overall loss ratio continued a downward trend in 2022 due to the improvement in the long-term insurance line owing to an enlarged premium base and various measures taken by the company and regulators to stabilise medical claims in recent years. Despite a rebound in medical claims in 2023 during the post-pandemic phase, the overall profitability of the long-term line is expected to be supported by Meritz’s ongoing efforts to tighten underwriting and claims management and expand into high-margin policies. The company’s historically strong investment income, mainly supported by competitive returns from real estate-related loans, continued to be a major source of earnings, with a five-year average net investment return (including capital gains/losses) of 4.7% (2018-2022).
Meritz is the fifth-largest non-life insurer in South Korea, with a growing market share that reached 11.5% in 2022 in terms of gross premiums written (GPW). The company strategically focuses on long-term insurance, which represented about 85% of its 2022 GPW, while auto and general segments made up the remainder. AM Best expects that the current business mix will remain largely unchanged over the medium term. The general agency channel remains as a major distribution channel and has been the key driver of the company’s growth in prior years.
Negative rating actions could occur if there is a significant deterioration in Meritz’s risk-adjusted capitalisation, for example, due to insufficient capital growth to support its business expansion or an increase in investment asset risk or an excessive dividend policy, to a level that no longer supports the current balance sheet strength assessment. A material deterioration in the credit profile of its parent, MFG, also may have a negative impact on the company’s ratings. Positive rating action could occur if the company demonstrates sustained improvement in its balance sheet fundamentals.
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 AM 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 AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings. For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments.
AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.
Copyright © 2023 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20231206052095/en/
Contact
Minji Cha
Associate Financial Analyst
+852 2827 3424
minji.cha@ambest.com
Christopher Sharkey
Associate Director, Public Relations
+1 908 882 2310
christopher.sharkey@ambest.com
Chanyoung Lee
Director, Analytics
+852 2827 3404
chanyoung.lee@ambest.com
Al Slavin
Senior Public Relations Specialist
+1 908 882 2318
al.slavin@ambest.com
Source : AM Best
ISF NET ESTABLISHES SINGAPORE OFFICE AS IT SEEKS TO STRENGTHEN IT TALENT IN ASIA
SINGAPORE and TOKYO, Dec. 7, 2023 /Kyodo JBN-AsiaNet/ --
| - GLOBAL ISF PTE. LTD. to Bolster ISF NET, INC's Regional Presence and Support Its Ambitions in Global Expansion - ISF NET, INC., a leading Japanese IT services and staffing company, announced on December 7 the establishment of GLOBAL ISF PTE. LTD. in Singapore as it eyes greater business expansion in the Asian region. Logo: As part of its expansion into Singapore, ISF NET will invest approximately USD13.5 million (2 billion yen) in the venture, setting a sales target of USD20.3 million (3 billion yen) for the global business. The company aims to hire 150 employees by 2030 to bolster its support for clients in Singapore and other parts of Southeast Asia. With over two decades of industry experience and with offices in Japan, China and South Korea, ISF NET's entry into Singapore marks a significant step towards strengthening its position in Asia. More significantly, this move represents a strategic shift in ISF NET's focus of services from Japan to the global market. "As a renowned international talent hub, Singapore offers an ideal gateway for multinational companies aiming to grow in Asia," said Yukiyoshi Watanabe, President and CEO, ISF NET, INC. "I am confident that our foray into Singapore will further strengthen our presence in the region and empower clients with tailored IT infrastructure solutions to help them navigate and succeed in a region as diverse as Asia." Business Strategy in Singapore ISF NET's business strategy will focus on providing IT engineering HR support for companies in Singapore and recruiting Japanese-English and Korean-English speaking bilingual IT infrastructure engineers. The engineers will be hired from Singapore and other parts of Asia and will be staffed to IT infrastructure projects in Japan and Korea. "ISF NET's expansion into Singapore underscores our commitment to uplifting engineering talent across Asia through cross-border knowledge sharing. In tandem with this, we aim to foster a globally connected workforce and alleviate the hiring and skills challenges faced by our clients across Asia," said Kohei Wakamoto, Managing Director of GLOBAL ISF PTE. LTD. The company aims to address the increasing scarcity of IT talent in Singapore by growing its IT infrastructure-managed service business, IT talent recruitment and IT talent staffing business. This will connect local engineers eager to enhance their skills through overseas projects with companies which are actively seeking bilingual experts. http://mrem.bernama.com/viewsm.php?idm=47723 |
STX GROUP LAUNCHES WORKING CAPITAL SOLUTION TO ACCELERATE RENEWABLE ENERGY TRANSITION
New SPV introduces innovative way to provide funding to environmental commodities markets
Amsterdam, Dec 6 (Bernama-GLOBE NEWSWIRE) -- AMSTERDAM (December 6, 2023) - STX Group, a leading environmental markets and climate solutions firm, today announces the launch of a working capital solution, specifically designed for environmental certificates. The launch comes as a response to the increased requirements for companies to hold environmental certificates to meet their ESG targets. Traditional financing methods often fall short in providing the necessary funding. STX Group has established an independent Special Purpose Vehicle (SPV) offering companies the necessary working capital funding for their environmental certificates.The new service provides STX Group’s customers and counterparties with financial flexibility to manage the energy transition.
The newly launched SPV solution differs from traditional financing through the wide range of liquid and less liquid certificates that can be financed as well as offering higher advance rates. The SPV takes temporary ownership of the environmental commodities which may allow for balance sheet friendly treatment of the financing. The SPV is an attractive platform for lenders to gain access to one of the fastest growing parts of the credit universe. Through its extensive client base, STX Group has unrivaled access to counterparties looking to finance their environmental certificate holdings. This allows lenders to add collateralized credit exposure to highly rated counterparties to their portfolio.
The introduction of the SPV follows a sequence of new financial solutions and services introduced by STX Group earlier this year, placing the company at the forefront of incumbent financial markets where environmental commodities play an emerging role. This momentum is underscored by recent additions to STX Group's portfolio, including the April 2023 launch of the borrowing base facility where a broad base of environmental commodities was for the first time recognizes as collateral by global banks, and the unveiling of the STX Group carbon fund in October 2023. Both demonstrate the growing importance of environmental commodities as pivotal financial instruments.
“The launch of this new solution provides immense opportunities for our customers and counterparties as they increase their activities in environmental commodities markets. We are delighted to work with them by providing them with more efficient and secure market access,” said Bart Wesselink, Chief Financial and Risk Officer of STX Group.
The SPV is independently managed by Vistra, one of the leading fund administrator and corporate service providers. Vistra is regulated by Dutch Central Bank DNB.
- ENDS -
About STX Group
STX Group is a leading global environmental commodity trader and climate solutions provider. For over 15 years, the company has been at the forefront of the global transition towards a low-carbon economy. By leveraging its expertise in accurately pricing pollution and emissions, it has helped to cultivate trust in market-based solutions to the decarbonization of the economy.
With its trading and Corporate Climate Solutions offerings, STX Group ensures that money flows to hundreds and thousands of projects that make the world a greener place, while providing corporations with the certified proof-points of their contributions to environmental progress.
After acquiring Vertis and its subsidiary Strive in December 2021, the STX Group now boasts a diverse team of nearly 500 employees from over 50 countries. Headquartered in Amsterdam, the Netherlands, STX Group has 13 offices around the world and an annual trading volume of over EUR 4 billion.
Wednesday, 6 December 2023
Malvern College Tokyo Kicks Off First Academic Year With Grand Opening Ceremony
KUALA LUMPUR, Dec 6 (Bernama) -- Malvern College Tokyo (MCT) held its grand opening ceremony on Dec 4, officially marking the commencement of the school’s first academic year, which began in August 2023.
According to MCT in a statement, more than 300 guests, including representatives from the fields of politics, education and business, celebrated the event.
Malvern College Tokyo Founding Headmaster, Mike Spencer highlighted MCT’s diverse and thorough educational approach, which aims to provide its pupils with the complete set of tools they need to navigate a bright future ahead.
“Across all our academic, co-curricular and holistic educational efforts, Malvern College Tokyo is aligned with the United Nations’ Sustainable Development Goals to drive inclusive, equitable, quality education and promote lifelong learning opportunities for all,” he said.
Meanwhile, the British Ambassador to Japan, Julia Longbottom CMG spoke about the importance of a hallowed British educational institution launching in Japan.
“It is a school which can draw on the strengths of two distinct cultures as you look to extend the boundaries of international education,” said Longbottom.
Malvern College Tokyo is United Kingdom-based Malvern College’s seventh overseas school, and aims to be the first British-branded all-through International Baccalaureate (IB) school in Tokyo, initially accommodating pupils from Years 1 to 9, growing to provide 950 places for primary and secondary pupils up to Year 13 by 2027.
-- BERNAMA
DUCK CREEK TECHNOLOGIES UNVEILS THE NEXT GENERATION OF DATA MANAGEMENT AND ANALYTICS WITH THE LAUNCH OF DUCK CREEK CLARITY™
The company’s newest product introduction will transform the future of data-driven excellence for the insurance industry
BOSTON, Dec 6 (Bernama-GLOBE NEWSWIRE) -- Duck Creek Technologies, the intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, announces the release of Duck Creek ClarityTM, an innovative, cloud-native technology solution and the successor to Duck Creek Insights, designed to empower insurers with advanced data management, reporting, and analytics capabilities. With the introduction of Duck Creek Clarity, the company also modernizes the traditional technology upgrade cycle through a unique "Active Delivery" approach, which provides continuous updates and eliminates the need for insurers to undergo timely and costly upgrade projects.
Duck Creek Clarity is a cloud-native offering that simplifies the process of accessing, managing, and unifying data originating from Duck Creek's SaaS-based (software-as-a-service) core systems, including policy, billing, and claims solutions. With the ability to seamlessly integrate external data sources, Duck Creek Clarity enables teams to gain comprehensive insights, leading to enhanced decision-making and improved loss ratios. Insurers can harness this powerful service for both daily operational reporting and strategic long-term planning, setting the stage for portfolio-wide improvements.
Duck Creek Clarity leverages the Snowflake Data Cloud to equip insurers with curated data layers and a suite of pre-built business intelligence dashboards and reports, facilitating more informed underwriting and renewal decisions, as well as team performance evaluation. This new offering also simplifies data integration into AI/ML (artificial intelligence/machine learning) models, consumer and agent/broker applications, and third-party systems, empowering insurers to make well-informed decisions at every stage of the insurance lifecycle, from underwriting to billing and claims.
"We are ushering in a new era of data-driven excellence with the launch of Duck Creek Clarity,” said Jess Keeney, Chief Product & Technology Officer, Duck Creek Technologies. “Duck Creek has proven the solution’s robust capabilities are an essential element that supports data ownership and agile decision-making, which offers insurers a greater competitive edge in the marketplace. This is only the beginning of Duck Creek's commitment to ongoing investment in data and analytics that enable insurers across the globe to be smarter and faster in their response to market opportunities. Duck Creek Clarity is a pivotal step in our technology roadmap vision to provide insurers with the means to ‘execute with intelligence,’ optimize operational efficiencies, and provide more personalized customer experiences.”
“Data is a critical building block for insurance companies looking to unlock the true power and efficacy of advanced analytics and generative AI,” said Tom Benton, Partner at ReSource Pro (formerly known as Strategy Meets Action). “Insurers need data management and analytics tools like Duck Creek Clarity that can break down data silos and provide a path toward rapidly accelerating their level of data maturity, and ultimately help insurance product management, underwriting, and claims teams make smarter decisions and deliver more differentiated customer experiences.”
Join the Duck Creek Technologies live product launch webinar on Thursday, December 7, 2023, at 12:00 p.m. ET to learn more about empowering data-driven insurance decisions with Duck Creek Clarity.
About Duck Creek Technologies
Duck Creek Technologies is the intelligent solutions provider defining the future of the property and casualty (P&C) and general insurance industry. We are the platform upon which modern insurance systems are built, enabling the industry to capitalize on the power of the cloud to run agile, intelligent, and evergreen operations. Authenticity, purpose, and transparency are core to Duck Creek, and we believe insurance should be there for individuals and businesses when, where, and how they need it most. Our market-leading solutions are available on a standalone basis or as a full suite, and all are available via Duck Creek OnDemand. Visit www.duckcreek.com to learn more. Follow Duck Creek on our social channels for the latest information – LinkedIn and Twitter.
Media Contacts:
Carley Bunch
carley.bunch@duckcreek.com
SOURCE: Duck Creek Technologies
--BERNAMA
BOSTON, Dec 6 (Bernama-GLOBE NEWSWIRE) -- Duck Creek Technologies, the intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, announces the release of Duck Creek ClarityTM, an innovative, cloud-native technology solution and the successor to Duck Creek Insights, designed to empower insurers with advanced data management, reporting, and analytics capabilities. With the introduction of Duck Creek Clarity, the company also modernizes the traditional technology upgrade cycle through a unique "Active Delivery" approach, which provides continuous updates and eliminates the need for insurers to undergo timely and costly upgrade projects.
Duck Creek Clarity is a cloud-native offering that simplifies the process of accessing, managing, and unifying data originating from Duck Creek's SaaS-based (software-as-a-service) core systems, including policy, billing, and claims solutions. With the ability to seamlessly integrate external data sources, Duck Creek Clarity enables teams to gain comprehensive insights, leading to enhanced decision-making and improved loss ratios. Insurers can harness this powerful service for both daily operational reporting and strategic long-term planning, setting the stage for portfolio-wide improvements.
Duck Creek Clarity leverages the Snowflake Data Cloud to equip insurers with curated data layers and a suite of pre-built business intelligence dashboards and reports, facilitating more informed underwriting and renewal decisions, as well as team performance evaluation. This new offering also simplifies data integration into AI/ML (artificial intelligence/machine learning) models, consumer and agent/broker applications, and third-party systems, empowering insurers to make well-informed decisions at every stage of the insurance lifecycle, from underwriting to billing and claims.
"We are ushering in a new era of data-driven excellence with the launch of Duck Creek Clarity,” said Jess Keeney, Chief Product & Technology Officer, Duck Creek Technologies. “Duck Creek has proven the solution’s robust capabilities are an essential element that supports data ownership and agile decision-making, which offers insurers a greater competitive edge in the marketplace. This is only the beginning of Duck Creek's commitment to ongoing investment in data and analytics that enable insurers across the globe to be smarter and faster in their response to market opportunities. Duck Creek Clarity is a pivotal step in our technology roadmap vision to provide insurers with the means to ‘execute with intelligence,’ optimize operational efficiencies, and provide more personalized customer experiences.”
“Data is a critical building block for insurance companies looking to unlock the true power and efficacy of advanced analytics and generative AI,” said Tom Benton, Partner at ReSource Pro (formerly known as Strategy Meets Action). “Insurers need data management and analytics tools like Duck Creek Clarity that can break down data silos and provide a path toward rapidly accelerating their level of data maturity, and ultimately help insurance product management, underwriting, and claims teams make smarter decisions and deliver more differentiated customer experiences.”
Join the Duck Creek Technologies live product launch webinar on Thursday, December 7, 2023, at 12:00 p.m. ET to learn more about empowering data-driven insurance decisions with Duck Creek Clarity.
About Duck Creek Technologies
Duck Creek Technologies is the intelligent solutions provider defining the future of the property and casualty (P&C) and general insurance industry. We are the platform upon which modern insurance systems are built, enabling the industry to capitalize on the power of the cloud to run agile, intelligent, and evergreen operations. Authenticity, purpose, and transparency are core to Duck Creek, and we believe insurance should be there for individuals and businesses when, where, and how they need it most. Our market-leading solutions are available on a standalone basis or as a full suite, and all are available via Duck Creek OnDemand. Visit www.duckcreek.com to learn more. Follow Duck Creek on our social channels for the latest information – LinkedIn and Twitter.
Media Contacts:
Carley Bunch
carley.bunch@duckcreek.com
SOURCE: Duck Creek Technologies
--BERNAMA
Tuesday, 5 December 2023
NX PHILIPPINES AND NX LOGISTICS PHILIPPINES PARTICIPATE IN PHILIPPINE SEMICONDUCTOR AND ELECTRONICS CONVENTION AND EXHIBITION (PSECE)
TOKYO, Dec. 5, 2023 /Kyodo JBN-AsiaNet/ --
- Companies Seeking to Strengthen Their Approaches to Semiconductor and Electrical/Electronic Industries in Philippines -
Nippon Express Philippines Corporation (hereinafter "NXPH") and NX Logistics Philippines, Inc. (hereinafter "NXLP"), both group companies of NIPPON EXPRESS HOLDINGS, INC., took part in the three-day Philippine Semiconductor and Electronics Convention and Exhibition (hereinafter "PSECE") held at the World Trade Center in Pasay City, the Philippines, from Wednesday, October 25, to Friday, October 27.
Logo: https://kyodonewsprwire.jp/img/202311303609-O1-ZDmNoP3e
Exhibit booth:
https://cdn.kyodonewsprwire.jp/prwfile/release/M103866/202311303609/_prw_PI2fl_6JaRv27N.jpeg
Visitors stopping by the booth:
https://cdn.kyodonewsprwire.jp/prwfile/release/M103866/202311303609/_prw_PI3fl_5awJ9qEP.jpeg
PSECE is the largest annual electrical/electronics and semiconductor exhibition held in the Philippines. It features keynote speeches from leading companies in the semiconductor and electrical/electronic industries, presentations by prominent officials at government agencies and institutions of higher learning, business-matching efforts and industry-academia collaborative initiatives with educational institutions.
NXPH and NXLP participated for the first time in this year's exhibition, showcasing the NX Group's global network and advanced logistics services, displaying special cold-storage boxes, and exchanging ideas with many visitors about services and solutions.
The NX Group will continue meeting customers' challenges and supporting their business expansion with its global network and accumulated advanced logistics know-how.
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.
--BERNAMA
- Companies Seeking to Strengthen Their Approaches to Semiconductor and Electrical/Electronic Industries in Philippines -
Nippon Express Philippines Corporation (hereinafter "NXPH") and NX Logistics Philippines, Inc. (hereinafter "NXLP"), both group companies of NIPPON EXPRESS HOLDINGS, INC., took part in the three-day Philippine Semiconductor and Electronics Convention and Exhibition (hereinafter "PSECE") held at the World Trade Center in Pasay City, the Philippines, from Wednesday, October 25, to Friday, October 27.
Logo: https://kyodonewsprwire.jp/img/202311303609-O1-ZDmNoP3e
Exhibit booth:
https://cdn.kyodonewsprwire.jp/prwfile/release/M103866/202311303609/_prw_PI2fl_6JaRv27N.jpeg
Visitors stopping by the booth:
https://cdn.kyodonewsprwire.jp/prwfile/release/M103866/202311303609/_prw_PI3fl_5awJ9qEP.jpeg
PSECE is the largest annual electrical/electronics and semiconductor exhibition held in the Philippines. It features keynote speeches from leading companies in the semiconductor and electrical/electronic industries, presentations by prominent officials at government agencies and institutions of higher learning, business-matching efforts and industry-academia collaborative initiatives with educational institutions.
NXPH and NXLP participated for the first time in this year's exhibition, showcasing the NX Group's global network and advanced logistics services, displaying special cold-storage boxes, and exchanging ideas with many visitors about services and solutions.
The NX Group will continue meeting customers' challenges and supporting their business expansion with its global network and accumulated advanced logistics know-how.
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.
--BERNAMA
Monday, 4 December 2023
KRIS+ BY SINGAPORE AIRLINES SELECTS AIRWALLEX TO EXTEND LIFESTYLE REWARDS APP IN AUSTRALIA
· Kris+ by Singapore Airlines selects Airwallex to extend its lifestyle rewards app to more than 1.3 million KrisFlyer members in Australia
· Kris+ will integrate Airwallex’s Payment for Platforms solution into its app to enable a seamless payment experience that supports miles earning and redemption capabilities in Melbourne and Sydney
SINGAPORE & MELBOURNE, Australia, Dec 4 (Bernama-BUSINESS WIRE) -- Kris+ by Singapore Airlines selects Airwallex, a leading global fintech platform, to power the expansion of its lifestyle reward app for its over 1.3 million KrisFlyer members in Australia.
The Kris+ app combines dining, retail and entertainment discounts, allowing Kris+ users to earn miles from everyday spend or to pay for purchases and experiences. Kris+ will use Airwallex’s Payment for Platforms in Australia to facilitate payments from its customers and payouts to partner merchants.
Arnold Chan, Airwallex’s General Manager of Asia said, “Kris+ by Singapore Airlines sought a partner that could provide a suite of payment processing and financial solutions that could modernise their payments infrastructure and better serve their customers.
“Our global financial infrastructure is ideally positioned to meet Kris+'s needs. By integrating Airwallex's end-to-end turnkey solutions into its app, Kris+ users can enjoy a frictionless payments and rewards experience.
“We are proud to be working with Kris+ to support their growth internationally and are committed to help other Singapore-based businesses who have the ambition to scale.”
Luke Latham, Managing Director of Airwallex Australia and New Zealand said, “Australia is a special place for Airwallex as our birthplace, and we’re committed to supporting local businesses to grow globally while also opening doors for international brands to do business in Australia.
“Partnering with Kris+ by Singapore Airlines to expand their KrisFlyer programme in Australia is a great example of this, and we’re so excited to be helping them reach their customers here.
“With international travel to Australia increasing significantly in the past year, the growing influx of visitors highlights the potential of Kris+ to offer added value to both tourists and businesses in Australia."
The number of international visitors to Australia reached close to 1.75 million¹ in October 2023, the highest number of monthly visitors recorded so far this year. That number is set to continue to rise ahead of the holiday season. By 2025, international visitors are expected to surpass pre-pandemic levels and reach a total of 11 million².
In Australia, Kris+ users will be able to earn a rate of up to three miles for every dollar spent at selected partners in Melbourne and Sydney. Between now and 31 December 2023, new Kris+ users can earn up to 2,000 bonus miles upon making payments of at least AU$15 on the app. Around 100 partner merchants are expected to join the programme within the first month of launch, building upon an initial roster of popular brands including Benjamin Barker, The Ugg Shop, D1 Store and 124 Shoes.
More details on Kris+ expansion into Australia can be read here.
About Airwallex
Airwallex is a leading global financial platform for modern businesses, offering trusted solutions to manage everything from payments, treasury, and spend management to embedded finance. With our proprietary infrastructure, Airwallex takes the friction out of global payments and financial operations, empowering businesses of all sizes to unlock new opportunities and grow beyond borders. Proudly founded in Melbourne, Airwallex supports over 100,000 businesses globally and is trusted by brands such as Brex, Rippling, Navan, Qantas, SHEIN and many more. For more information, visit https://www.airwallex.com
¹ International tourism results, Tourism Research Australia (Note: October 2023 remain provisional until full quality assurance done) https://www.abs.gov.au/statistics/industry/tourism-and-transport/overseas-arrivals-and-departures-australia/latest-release
² Tourism forecasts for Australia https://www.tra.gov.au/en/economic-analysis/tourism-forecasts
View source version on businesswire.com:
https://www.businesswire.com/news/home/20231203866852/en/
Contact
For media inquiries, please contact press@airwallex.com
Source : Airwallex
--BERNAMA
· Kris+ will integrate Airwallex’s Payment for Platforms solution into its app to enable a seamless payment experience that supports miles earning and redemption capabilities in Melbourne and Sydney
SINGAPORE & MELBOURNE, Australia, Dec 4 (Bernama-BUSINESS WIRE) -- Kris+ by Singapore Airlines selects Airwallex, a leading global fintech platform, to power the expansion of its lifestyle reward app for its over 1.3 million KrisFlyer members in Australia.
The Kris+ app combines dining, retail and entertainment discounts, allowing Kris+ users to earn miles from everyday spend or to pay for purchases and experiences. Kris+ will use Airwallex’s Payment for Platforms in Australia to facilitate payments from its customers and payouts to partner merchants.
Arnold Chan, Airwallex’s General Manager of Asia said, “Kris+ by Singapore Airlines sought a partner that could provide a suite of payment processing and financial solutions that could modernise their payments infrastructure and better serve their customers.
“Our global financial infrastructure is ideally positioned to meet Kris+'s needs. By integrating Airwallex's end-to-end turnkey solutions into its app, Kris+ users can enjoy a frictionless payments and rewards experience.
“We are proud to be working with Kris+ to support their growth internationally and are committed to help other Singapore-based businesses who have the ambition to scale.”
Luke Latham, Managing Director of Airwallex Australia and New Zealand said, “Australia is a special place for Airwallex as our birthplace, and we’re committed to supporting local businesses to grow globally while also opening doors for international brands to do business in Australia.
“Partnering with Kris+ by Singapore Airlines to expand their KrisFlyer programme in Australia is a great example of this, and we’re so excited to be helping them reach their customers here.
“With international travel to Australia increasing significantly in the past year, the growing influx of visitors highlights the potential of Kris+ to offer added value to both tourists and businesses in Australia."
The number of international visitors to Australia reached close to 1.75 million¹ in October 2023, the highest number of monthly visitors recorded so far this year. That number is set to continue to rise ahead of the holiday season. By 2025, international visitors are expected to surpass pre-pandemic levels and reach a total of 11 million².
In Australia, Kris+ users will be able to earn a rate of up to three miles for every dollar spent at selected partners in Melbourne and Sydney. Between now and 31 December 2023, new Kris+ users can earn up to 2,000 bonus miles upon making payments of at least AU$15 on the app. Around 100 partner merchants are expected to join the programme within the first month of launch, building upon an initial roster of popular brands including Benjamin Barker, The Ugg Shop, D1 Store and 124 Shoes.
More details on Kris+ expansion into Australia can be read here.
About Airwallex
Airwallex is a leading global financial platform for modern businesses, offering trusted solutions to manage everything from payments, treasury, and spend management to embedded finance. With our proprietary infrastructure, Airwallex takes the friction out of global payments and financial operations, empowering businesses of all sizes to unlock new opportunities and grow beyond borders. Proudly founded in Melbourne, Airwallex supports over 100,000 businesses globally and is trusted by brands such as Brex, Rippling, Navan, Qantas, SHEIN and many more. For more information, visit https://www.airwallex.com
¹ International tourism results, Tourism Research Australia (Note: October 2023 remain provisional until full quality assurance done) https://www.abs.gov.au/statistics/industry/tourism-and-transport/overseas-arrivals-and-departures-australia/latest-release
² Tourism forecasts for Australia https://www.tra.gov.au/en/economic-analysis/tourism-forecasts
View source version on businesswire.com:
https://www.businesswire.com/news/home/20231203866852/en/
Contact
For media inquiries, please contact press@airwallex.com
Source : Airwallex
--BERNAMA
Sunday, 3 December 2023
H2O GENAI DAY COMES TO SINGAPORE, EMPOWERING THE RISE OF GENAI AND DATA SCIENCE TALENT IN THE COUNTRY
H2O.ai to introduce a comprehensive GenAI Masterclass to democratize open source large language models (LLMs) and their applications
MOUNTAIN VIEW, Calif., Dec 1 (Bernama-BUSINESS WIRE) -- H2O.ai, the open source leader in Generative AI and machine learning, is responding to the overwhelming community and customer interest in bringing GenAI Training Days to more countries worldwide. H2O GenAI Singapore will showcase advancements and practical applications that further democratize GenAI.Event highlights include:
1. Fireside chat with Agus Sudjianto, EVP, Head of Corporate Model Risk, Wells Fargo, on Managing Opportunity and Risk of AI
2. GenAI for Social Good with real world examples by Genevieve Richards, Data Scientist, H2O.ai
3. Hands-on GenAI Masterclass on providing a deep understanding of open source LLMs and their applications. Hands-on labs to dive into foundational models, model evaluation, and advanced concepts such as fine-tuning and prompt engineering.
By the end of this training, participants will be able to:
· Demonstrate an understanding of GenAI concepts, as well as explore applications to business.
· Understand how using open source LLM models empowers companies to fine-tune their own models and also own their prompts and responses.
· Demonstrate an awareness of applied concepts such as fine-tuning, prompt engineering, LoRA, and Quantization.
· Demonstrate an understanding of evaluating LLMs using metrics such as BLEU, ROUGE, and AI-as-a-judge.
· Use H2O LLM Studio to train, deploy and apply guardrails to custom LLMs for business or personal GenAI applications.
Speakers Include:
· Sri Ambati, CEO & Founder, H2O.ai
· Dr. Agus Sudjianto, EVP, Head of Corporate Model Risk, Wells Fargo
· Shivam Bansal, Director of Customer Data Science, Kaggle Grandmaster, H2O.ai
· Chun Ming Lee, Senior Principal Data Scientist, Kaggle Grandmaster, H2O.ai
· Vishal Sharma, PHD, Lead Data Scientist, H2O.ai
· Genevieve Richards, Data Scientist, H2O.ai
· Timothy Lam, Enterprise Solutions Engineer, H2O.ai
Friday, 1 December 2023
CSOP HUATAI-PINEBRIDGE SSE DIVIDEND INDEX ETF TO BE LISTED ON SGX TODAY
CSOP Huatai-PineBridge SSE Dividend Index ETF (Stock Code: SHD) (Graphic: Business Wire)
SINGAPORE, Dec 1 (Bernama-BUSINESS WIRE) -- CSOP Huatai-PineBridge SSE Dividend Index ETF (Stock Code: SHD) lists on 1 December 2023 on Singapore Exchange (SGX Group). The listing price for SHD is fixed at SGD $1.00 per share, with a trading lot of 1 share and annual management fee of 0.89%. SHD is a feeder fund, which will invest at least 90% of its Net Asset Value in the Huatai-PineBridge SSE Dividend Index ETF, referred to as the “Underlying Fund”. This investment will be made directly and/or indirectly via the QFI status granted to CSOP Asset Management Pte. Ltd. (the “Manager”) and/or through any permissible means available to the fund under the prevailing laws and regulations. Listed in 2006, the Underlying Fund is currently the largest dividend ETF in mainland China, with AUM of RMB 16.2 billion as of 30th September 20231.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231130531285/en/
Dividend strategies often serve as a cushion amid volatile market environments. The SSE Dividend Index comprises of 50 high quality dividend-paying companies listed on the Shanghai Stock Exchange (SSE) as its constituents. The SSE Dividend Index has a total market capitalization of RMB 129.6 billion, covering energy, financials, industrials, materials, and various other sectors2. With a current PE ratio of less than 6x, its valuation is considerably lower in comparison with other similar dividend indexes and core broad-based A-share indexes3. SSE Dividend Index stands out with competitive year to date (YTD) total return of 3.64% with better estimated dividend yield of 6.06% when compared to other stocks listed on SSE, as well as top stocks listed in Singapore and Hong Kong4.
Earlier this year in May, the Shanghai Stock Exchange and the Singapore Exchange officially signed a Memorandum of Understanding (MoU) on ETF product connectivity. This marked a new step in product cooperation between the capital markets in China and Singapore, and a new level for the cross-border product connectivity business. The CSOP Huatai-PineBridge SSE Dividend Index ETF is one of the first pair of products under the SSE-SGX ETF link, providing Singapore investors with access to high-quality A-share opportunities. On the same day, Huatai-PineBridge Fund Management will also cross-list the CSOP iEdge Southeast Asia+ TECH Index ETF on Shanghai Stock Exchange.
Loh Boon Chye, CEO, SGX Group, said, “We are pleased to welcome CSOP Asset Management as the inaugural ETF issuer leveraging the SSE-SGX ETF Link for their ETF launch. With this listing, CSOP now stands as one of the largest ETF providers on SGX with six ETFs. The SSE-SGX ETF Link not only enhances connectivity between Singapore and China but also injects vibrancy into the investment landscape, providing investors with a wider array of options for China exposure. We hope this pioneering move by CSOP encourages more issuers to join the ETF Link, and expand opportunities for all.”
Ms. Ding Chen, CEO of CSOP Asset Management, is delighted to announce the listing of the CSOP Huatai-PineBridge SSE Dividend Index ETF on the Singapore Exchange. She remarks, "This signifies the sixth ETF product from CSOP in Singapore, and we extend our appreciation to SGX for their unwavering support. This ETF offers an attractive opportunity for investors to leverage the high dividend-paying stocks in China. The successful launch of this ETF will not only expand Singapore's ETF spectrum, but also cater to the requirements of sophisticated investors.”
About CSOP Singapore
CSOP entered the Singapore market in 2019 and established CSOP Asset Management Pte. Ltd. Following four years of development, it has successfully established itself as one of the leading ETF issuers in Singapore. CSOP’s impressive growth is evident in its substantial assets under management (AUM) of US$1.17 billion. This AUM represents a significant portion of the overall Singapore ETF market, accounting for 11% as of 31 March 2023 (Source: CSOP).
CSOP has achieved several significant milestones in its product offerings. Notably, the ICBC CSOP FTSE Chinese Government Bond Index ETF stands out as the largest China government bond ETF globally. Additionally, it holds a position among the top three largest ETFs in Singapore. CSOP iEdge S-REIT Leaders Index ETF sets a record for the highest first-day trading turnover for an ETF on SGX when it was launched, and it was also Singapore's largest REIT ETF IPO. CSOP CGS-CIMB FTSE Asia Pacific Low Carbon Index ETF and CSOP CSI Star and ChiNext 50 Index ETF represent the first cross-listed ETF pair between China and Singapore. Meanwhile, CSOP USD Money Market Fund offers a T+0 settlement arrangement to Singapore investors. (Source: CSOP, Bloomberg)
Disclaimer
The investment product(s), as mentioned in this document, is/are registered under section 286 of the Securities and Futures Act (Cap. 289) of Singapore (the “SFA”). This material and the information contained in this material shall not be regarded as an offer or solicitation of business in any jurisdiction to any person to whom it is unlawful to offer or solicit business in such jurisdictions.
CSOP Asset Management Pte. Ltd. (“CSOP”) which prepared this document believes that information in this document is based upon sources that are believed to be accurate, complete, and reliable. However, CSOP does not warrant the accuracy and completeness of the information and shall not be liable to the recipient or controlling shareholders of the recipient resulting from its use. CSOP is under no obligation to keep the information up-to-date. The provision of this document shall not be deemed as constituting any offer, acceptance, or promise of any further contract or amendment to any contract. The information herein shall not be disclosed, used or disseminated, in whole or part, and shall not be reproduced, copied or made available to others without the written consent of CSOP.
Advice should be sought from a financial adviser regarding the suitability of the investment and/or investment product before making an investment. Investment involves risk. The value of investments, and the income from them, can go down as well as up and an investor may get back less than the amount invested. Past performance is not necessarily indicative of future performance. Investor should read the prospectus and product highlights sheet, which can be obtained on CSOP website or authorized participating dealers, before deciding whether to invest. This document has not been reviewed by the Monetary Authority of Singapore.
Index Provider Disclaimer
All rights in the SSE Dividend Index (“Index”) vest in China Securities Index Company (“CSI”). CSI does not make any warranties, express or implied, regarding the accuracy or completeness of any data related to the Index. CSI is not liable to any person for any error of the Index (whether due to negligence or otherwise), nor shall it be under any obligation to advise any person of any error therein. The Product based on the Index is in no way sponsored, endorsed, sold or promoted by CSI and CSI shall not have any liability with respect thereto.
1 Source: Wind, Huatai-PineBridge Investments.
2 Source: Shanghai Stock Exchange.
3 Source: Wind, Huatai-PineBridge Investments, as of 31 August 2023.
4 Source: Bloomberg, CSOP, as of 3 November 2023.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20231130531285/en/
Contact
For further information, please contact
Jennifer Li +852 3406 5650 / marketing@csopasset.com
Tina Shu / +852 3406 5675 / marketing@csopasset.com
Yee Fei Soh / +65 6279 2855 / yeefei.soh@csopasset.com
Source : CSOP Asset Management Limited
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