KUALA LUMPUR, Jan 30 (Bernama) -- AmBank has relocated its Currency Exchange Services at KLIA2. The Currency Exchange Services which is conveniently located at lot 3.20, Level 3, gateway@klia2 Mall and started business operations beginning Friday, 26 January 2018.
“With the relocation of this Currency Exchange Services, we are hoping to continue serving local as well as foreign travellers at the airport with enhanced service offerings on currency exchange service for up to 29 currencies, besides operating 24 hours daily,” said Jade Lee, Managing Director, Retail Banking, AmBank (M) Berhad.
“The AmBank Currency Exchange Services will be able to cater both departing and arriving passengers. The KLIA2 would continue as a strategic placement for our Currency Exchange Services to serve our potential customers as the airport which recorded a total of 30.3 million passengers in 2017,” added Jade.
Details of the Currency Exchange Services location are as follows:
AmBank Currency Exchange Services
3-20 Gateway, Level 3
Kuala Lumpur International Airport 2
43900 Sepang
Selangor
http://mrem.bernama.com/viewsm.php?idm=31069
Wednesday, 31 January 2018
Tuesday, 30 January 2018
ALIBABA CLOUD LAUNCHES MALAYSIA CITY BRAIN TO ENHANCE CITY MANAGEMENT
Kuala Lumpur set to be first overseas city to implement smart city solution
KUALA LUMPUR, Malaysia, Jan 29 (Bernama-BUSINESS WIRE) -- Alibaba Cloud, the cloud computing arm of Alibaba Group, today announced the launch of its Malaysia City Brain initiative in collaboration with the Malaysia Digital Economy Corporation (MDEC), the country’s digital economy development agency, and Dewan Bandaraya Kuala Lumpur (DBKL), the city council in the capital, at a ceremony in Kuala Lumpur.
The Malaysia City Brain initiative is a significant milestone because it’s the first time for the City Brain solution to be adopted overseas. It is developed on Alibaba Cloud’s robust cloud computing infrastructure and will support Malaysia’s digital transformation with cloud technology and artificial intelligence.
Powered by Alibaba Cloud’s large-scale computing engine Apsara, Malaysia City Brain offers a comprehensive suite of acquisition, integration, and analysis of big and heterogeneous data generated by a diversity of sources in urban spaces through video and image recognition, data mining and machine learning technology. The power and functionality of the City Brain will enable Malaysian urban planners and city officials to upgrade their city governance and decision-making to turn the city into an intelligent one.
In the first phase of the program, the capital Kuala Lumpur will roll out the Malaysia City Brain for use in traffic management to improve mobility in the city. With its massive cloud computing and data processing capabilities, the City Brain can optimise the flow of vehicles and traffic signals by calculating the time to reach intersections. It will also be able to generate structured summaries of data, such as traffic volume and speed in particular lanes, which can be used to facilitate other tasks including incident detection.
In addition, City Brain can connect with various urban management systems including emergency dispatch, ambulance call, traffic command, and traffic light control. By integrating and analysing real-time data generated from these systems, City Brain can optimize urban traffic flow such as by identifying the quickest route for emergency vehicles to arrive at the scene within the shortest time frame.
As the City Brain’s functionality expands, enterprises, start-ups, entrepreneurs, universities, and research institutions will in the future also have the opportunity to access and leverage its artificial intelligence tools to drive a wide range of innovation.
http://mrem.bernama.com/viewsm.php?idm=31054
The Malaysia City Brain initiative is a significant milestone because it’s the first time for the City Brain solution to be adopted overseas. It is developed on Alibaba Cloud’s robust cloud computing infrastructure and will support Malaysia’s digital transformation with cloud technology and artificial intelligence.
Powered by Alibaba Cloud’s large-scale computing engine Apsara, Malaysia City Brain offers a comprehensive suite of acquisition, integration, and analysis of big and heterogeneous data generated by a diversity of sources in urban spaces through video and image recognition, data mining and machine learning technology. The power and functionality of the City Brain will enable Malaysian urban planners and city officials to upgrade their city governance and decision-making to turn the city into an intelligent one.
In the first phase of the program, the capital Kuala Lumpur will roll out the Malaysia City Brain for use in traffic management to improve mobility in the city. With its massive cloud computing and data processing capabilities, the City Brain can optimise the flow of vehicles and traffic signals by calculating the time to reach intersections. It will also be able to generate structured summaries of data, such as traffic volume and speed in particular lanes, which can be used to facilitate other tasks including incident detection.
In addition, City Brain can connect with various urban management systems including emergency dispatch, ambulance call, traffic command, and traffic light control. By integrating and analysing real-time data generated from these systems, City Brain can optimize urban traffic flow such as by identifying the quickest route for emergency vehicles to arrive at the scene within the shortest time frame.
As the City Brain’s functionality expands, enterprises, start-ups, entrepreneurs, universities, and research institutions will in the future also have the opportunity to access and leverage its artificial intelligence tools to drive a wide range of innovation.
http://mrem.bernama.com/viewsm.php?idm=31054
TFI TAB FOOD INVESTMENTS LAUNCHES INITIAL PUBLIC OFFERING
ISTANBUL, Turkey and NEW YORK, Jan 29 (Bernama-GLOBE NEWSWIRE) -- TFI Tab Food Investments (“TFI”) today announced that it has commenced an initial public offering of 22,000,000 American Depositary Shares (“ADSs”), with each ADS representing 12 ordinary shares, including 4,500,000 ADSs to be sold by the Company and 17,500,000 ADSs to be sold by certain existing shareholders. The underwriters will have an option to purchase up to an additional 3,300,000 ADSs from certain existing shareholders. The Company will use the net proceeds it receives to repay a portion of outstanding indebtedness and will not receive any proceeds from the ADSs sold by the selling shareholders. The price range for the initial public offering is currently estimated to be between $9.00 and $11.00 per share. The Company has applied to list its ADSs on the Nasdaq Global Select Market under the symbol “TFIG”.
Morgan Stanley & Co. LLC, Credit Suisse Securities (USA) LLC and Goldman Sachs & Co. LLC, are acting as bookrunning managers and representatives of the underwriters for the proposed offering. Citigroup Global Markets Inc. and J.P. Morgan Securities LLC are acting as bookrunners for the proposed offering. Rabo Securities U.S.A., Inc. is acting as a co-manager for the proposed offering.
The offering will be made only by means of a prospectus. When available, copies of the preliminary prospectus relating to the offering of these securities may be obtained from:
Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014; Credit Suisse Securities (USA) LLC, Attn: Prospectus Department, One Madison Avenue, New York, NY 10010, telephone: 1-800-221-1037 or by emailing newyork.prospectus@credit-suisse.com; or Goldman Sachs & Co. LLC, Prospectus Department, 200 West Street, New York, NY 10282, telephone: 1-866-471-2526, facsimile: 212-902-9316 or by emailing prospectus-ny@ny.email.gs.com.
http://mrem.bernama.com/viewsm.php?idm=31049
Morgan Stanley & Co. LLC, Credit Suisse Securities (USA) LLC and Goldman Sachs & Co. LLC, are acting as bookrunning managers and representatives of the underwriters for the proposed offering. Citigroup Global Markets Inc. and J.P. Morgan Securities LLC are acting as bookrunners for the proposed offering. Rabo Securities U.S.A., Inc. is acting as a co-manager for the proposed offering.
The offering will be made only by means of a prospectus. When available, copies of the preliminary prospectus relating to the offering of these securities may be obtained from:
Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014; Credit Suisse Securities (USA) LLC, Attn: Prospectus Department, One Madison Avenue, New York, NY 10010, telephone: 1-800-221-1037 or by emailing newyork.prospectus@credit-suisse.com; or Goldman Sachs & Co. LLC, Prospectus Department, 200 West Street, New York, NY 10282, telephone: 1-866-471-2526, facsimile: 212-902-9316 or by emailing prospectus-ny@ny.email.gs.com.
http://mrem.bernama.com/viewsm.php?idm=31049
Monday, 29 January 2018
TOSHIBA ELECTRONIC DEVICES & STORAGE CORPORATION RELEASES SMALL DUAL MOSFET FOR RELAY DRIVERS
TOKYO, Jan 29 (Bernama-BUSINESS WIRE) -- Toshiba Electronic Devices & Storage Corporation today announced the launch of “SSM6N357R,” a new MOSFET with a built-in diode between the drain and gate terminals. The device is suited to driving inductive loads, such as mechanical relays. Volume shipments start today.
SSM6N357R integrates a pull-down resistor, a series resistor and a Zener diode, which reduces the parts count and save on board space. Furthermore, since it is a dual-type package product (2 in 1), it has an approximately 42% smaller mounting area than the alternative of using two SSM3K357R (2.4 x 2.9 x 0.8 mm) single-type package products.
An industry-standard TSOP6F-class package, a low operating voltage of 3.0V and AEC-Q101 qualification make the SSM6N357R suitable for automotive and many other applications.
http://mrem.bernama.com/viewsm.php?idm=31050
SSM6N357R integrates a pull-down resistor, a series resistor and a Zener diode, which reduces the parts count and save on board space. Furthermore, since it is a dual-type package product (2 in 1), it has an approximately 42% smaller mounting area than the alternative of using two SSM3K357R (2.4 x 2.9 x 0.8 mm) single-type package products.
An industry-standard TSOP6F-class package, a low operating voltage of 3.0V and AEC-Q101 qualification make the SSM6N357R suitable for automotive and many other applications.
http://mrem.bernama.com/viewsm.php?idm=31050
CORPORATE DIRECTORS TO CONVENE IN GENEVA FOR WORLD'S FIRST-EVER GLOBAL CYBER FORUM
NACD to Host Global Boardroom and Cybersecurity Leaders to Elevate Cyber-Risk Oversight Practices
WASHINGTON, Jan 26 (Bernama-GLOBE NEWSWIRE) -- The National Association of Corporate Directors (NACD), the authority on boardroom practices representing more than 18,000 corporate board members, today announced its 2018 Global Cyber Forum, which will be held April 17–18 in Geneva, Switzerland. This event recognizes the global nature of cyber threats and gives international scope to NACD’s efforts to drive board members’ greater understanding of, and role in, cybersecurity oversight.
An elite group of nonexecutive directors (NEDs) of multinational corporations, C-suite and managing-director-level executives, cybersecurity experts, global cybersecurity policy and law enforcement officials, and other thought leaders will attend the forum. Participants will examine leading board-level cyber-risk oversight practices and explore key themes that include cross-border law enforcement, the shifting global regulatory landscape, the impact of emerging technologies on cybersecurity, and leading practices in cyber hygiene. The forum will engage attendees in a cyberbreach simulation for interactive learning.
“As new threats arise amid increased global integration and connectivity, corporate boards need to be well-versed in their companies’ vulnerabilities in order to be prepared in the event of a cyberbreach,” said NACD CEO Peter Gleason. “Our primary goal is to provide NEDs and company leaders with practical information they can take back to the boardroom.”
Speakers include:
WASHINGTON, Jan 26 (Bernama-GLOBE NEWSWIRE) -- The National Association of Corporate Directors (NACD), the authority on boardroom practices representing more than 18,000 corporate board members, today announced its 2018 Global Cyber Forum, which will be held April 17–18 in Geneva, Switzerland. This event recognizes the global nature of cyber threats and gives international scope to NACD’s efforts to drive board members’ greater understanding of, and role in, cybersecurity oversight.
An elite group of nonexecutive directors (NEDs) of multinational corporations, C-suite and managing-director-level executives, cybersecurity experts, global cybersecurity policy and law enforcement officials, and other thought leaders will attend the forum. Participants will examine leading board-level cyber-risk oversight practices and explore key themes that include cross-border law enforcement, the shifting global regulatory landscape, the impact of emerging technologies on cybersecurity, and leading practices in cyber hygiene. The forum will engage attendees in a cyberbreach simulation for interactive learning.
“As new threats arise amid increased global integration and connectivity, corporate boards need to be well-versed in their companies’ vulnerabilities in order to be prepared in the event of a cyberbreach,” said NACD CEO Peter Gleason. “Our primary goal is to provide NEDs and company leaders with practical information they can take back to the boardroom.”
Speakers include:
- The Right Honorable Baroness Pauline Neville-Jones, DCMG; former top British diplomat and Advisor to Prime Minister David Cameron; Chair of the Bank of England's Cybersecurity Panel; Senior Advisor to Ridge-Schmidt Cyber; and Council Member of the UK Research Council
- Olga Botero, Director and Chair of the Technology and Cyber Security Committee for EVERTEC Inc. and Former Chief Information Officer of Grupo Bancolombia
- Greg Bell, Principal, Advisory Services, KPMG LLP
- Anastassia Lauterbach, Director and Chair of the Technology and Innovation Committee for Dun & Bradstreet
- Sara Grootwassink Lewis, Audit Committee Chair, Sun Life Financial, Weyerhaeuser Co., and PS Business Parks; Director, Leadership Board of the U.S. Chamber of Commerce Center for Capital Markets Competitiveness; and Trustee, Brookings Institution
- Richard Spearman, Group Corporate Security Director, Vodafone Group PLC
- Akhilesh Tuteja, Global Practice Colead, India Region, KPMG LLP
- Jeff Brown, Vice President and Chief Information Security Officer, Raytheon Co.
- Maya Bundt, Head, Cyber and Digital Solutions, Swiss Reinsurance Co. Ltd.
- Shelley Leibowitz, Director of E*TRADE Financial and Former Group Chief Information Officer for the World Bank
- Larry Clinton, President and CEO, Internet Security Alliance
- Dani Michaux, Asia Regional Leader, KPMG LLP
- Major General Koen Gijsbers (Ret.), Senior Advisor, Network Centric Industry Operations Industry Consortium; Former General Manager, NATO Communications and Information Agency; and Former CIO, Netherlands Ministry of Defence
- John Hermans, EMA Regional Leader, KPMG LLP
- William McCracken, Director of MDU Resources Group Inc. and NACD, and Former Chair and CEO of CA Technologies
NACD is proud to partner with KPMG for this event. Other partners include the Global Network of Director Institutes (GNDI), the Internet Security Alliance (ISA), and Ridge Global.
For more information about the forum, visit www.NACDonline.org/CyberForum.
http://mrem.bernama.com/viewsm.php?idm=31026
For more information about the forum, visit www.NACDonline.org/CyberForum.
http://mrem.bernama.com/viewsm.php?idm=31026
BUDDHIST LEADER IKEDA URGES HUMAN RIGHTS FOCUS AS KEY TO RESOLUTION OF GLOBAL ISSUES AND NUCLEAR WEAPONS ABOLITION
TOKYO, Jan 26 (Bernama-AsiaNet) -- On January 26, 2018, Buddhist philosopher Daisaku Ikeda, President of the Soka Gakkai International (SGI), issued his annual peace proposal, titled "Toward an Era of Human Rights: Building a People's Movement."
Ikeda welcomes the July 2017 adoption of the Treaty on the Prohibition of Nuclear Weapons (TPNW) as a turning point in the global history of efforts to achieve peace and disarmament, emphatic that while nuclear weapons exist, a world of peace and human rights will remain elusive. He outlines strategies for gaining support for the Treaty from the nuclear-weapon states and nuclear-dependent states.
Ikeda welcomes the July 2017 adoption of the Treaty on the Prohibition of Nuclear Weapons (TPNW) as a turning point in the global history of efforts to achieve peace and disarmament, emphatic that while nuclear weapons exist, a world of peace and human rights will remain elusive. He outlines strategies for gaining support for the Treaty from the nuclear-weapon states and nuclear-dependent states.
DAVID BINKS, FEDEX EXPRESS EUROPE PRESIDENT AND CEO OF TNT, TO RETIRE
Bert Nappier to Succeed Binks June 1, 2018
MEMPHIS, Tenn., Jan 26 (Bernama-BUSINESS WIRE) -- FedEx Corporation (NYSE: FDX) today announced that David Binks, FedEx Express Europe president and CEO of TNT, will retire in June.
Bert Nappier, currently FedEx Express senior vice president of finance - international, will succeed Binks in the role effective June 1, 2018.
Binks, who started with FedEx in 1983 as part of an acquisition in the UK, rose through the ranks, leading FedEx Express teams in Europe, the Middle East and Canada. Most recently, he was instrumental in the completion of the company’s acquisition of TNT.
Nappier joined FedEx in 2005 and has served in a variety of leadership roles. In addition to leading the international finance organization, he serves as co-chair of the FedEx Integration Leadership Council, where he plays a key role leading our TNT integration efforts around the world.
“Throughout David’s remarkable 35-year-career at FedEx, he has contributed to the growth of our company around the globe,” said David L. Cunningham, president and CEO, FedEx Express. “We wish him the best in his retirement, and look forward to continued success in Europe as Bert takes on this critical role.”
Helena Jansson, a more than 20-year FedEx veteran and native of Sweden, will succeed Nappier as FedEx Express senior vice president of finance - international.
About FedEx
FedEx Corp. (NYSE: FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenues of $62 billion, the company offers integrated business applications through operating companies competing collectively and managed collaboratively, under the respected FedEx brand. Consistently ranked among the world’s most admired and trusted employers, FedEx inspires its more than 400,000 team members to remain “absolutely, positively” focused on safety, the highest ethical and professional standards and the needs of their customers and communities. To learn more about how FedEx connects people and possibilities around the world, please visit http://about.fedex.com.
Contacts
FedEx Global Media Relations
Katie Wassmer, + 1 901-434-5593
or
FedEx Express Europe Media Relations
Eline Dermaut, + 32 2 752 77 25
or
TNT Media Relations
Cyrille Gibot, + 31 65 113 31 04
Katie Wassmer, + 1 901-434-5593
or
FedEx Express Europe Media Relations
Eline Dermaut, + 32 2 752 77 25
or
TNT Media Relations
Cyrille Gibot, + 31 65 113 31 04
Source: FedEx Corporation
View this news release and multimedia online at:
http://www.businesswire.com/news/home/20180126005169/en
--BERNAMA
http://www.businesswire.com/news/home/20180126005169/en
--BERNAMA
TOSHIBA ELECTRONIC DEVICES & STORAGE CORPORATION INTRODUCES SOI PROCESS WITH LOW NOISE FIGURE FOR LOW-NOISE RF AMPLIFIERS FOR SMARTPHONES
TOKYO, Jan 26 (Bernama-BUSINESS WIRE) -- Toshiba Electronic Devices & Storage Corporation today announced the development of "TaRF10," a next generation TarfSOI™ (Toshiba advanced RF SOI[1]) process optimized for low-noise amplifiers (LNAs) in smartphone applications.
In recent years, the increasing speed of mobile data communication has expanded use of RF switches and filters in the analog front end of mobile devices. The resulting increase in signal loss between antenna and receiver circuit has degraded receiver sensitivity, and focused attention on LNAs with a low noise figure[2] (NF) as a means to compensate for signal loss and improve the integrity of the received signal.
In recent years, the increasing speed of mobile data communication has expanded use of RF switches and filters in the analog front end of mobile devices. The resulting increase in signal loss between antenna and receiver circuit has degraded receiver sensitivity, and focused attention on LNAs with a low noise figure[2] (NF) as a means to compensate for signal loss and improve the integrity of the received signal.
ALGECO SCOTSMAN ANNOUNCES AVAILABILITY OF CERTAIN INFORMATION
BALTIMORE, Jan 26 (Bernama-GLOBE NEWSWIRE) -- Algeco/Scotsman Holding S.à r.l. (together with its subsidiaries, “Algeco Scotsman”) today announced that it has made available certain information relating to Algeco Scotsman on its website, which contains an update on the financial performance of the Group and certain other information and can be accessed at http://www.algecoscotsman.com/pdf/Algeco-Information-Release_Jan_25_2018.pdf
About Algeco Scotsman
Algeco Scotsman is the leading global business services provider focused on modular space, secure portable storage solutions, and remote workforce accommodation management. Headquartered in Baltimore, Algeco Scotsman has operations in 24 countries with approximately 245,000 modular space and portable storage units and 11,400 remote accommodations rooms. The company operates as Target Logistics in North America, Algeco in Europe, Elliott in the United Kingdom, Ausco in Australia, Portacom in New Zealand, and Algeco Chengdong in China.
Cautionary Notice Regarding Forward Looking Statements
This press release contains statements reflecting assumptions, expectations, projections, intentions or beliefs about future events that are intended as “forward-looking statements,” particularly those statements concerning expectations regarding the use of proceeds from the offering. A number of risks and uncertainties could cause our actual results to differ materially from current projections, forecasts, estimates and expectations relating to us. Any or all of these forward-looking statements may turn out to be wrong. They can be affected by inaccurate assumptions or by known or unknown risks, uncertainties and other factors, many of which are beyond our control.
Disclaimer
This press release shall not constitute a solicitation of a proxy, consent or authorization with respect to any securities and shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any states or jurisdictions in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
Investor Relations Contact
Scott Shaughnessy
Vice President, Finance
Algeco Scotsman
+1 410-933-5921
Scott.Shaughnessy@as.willscot.com
Source : Algeco Scotsman
--BERNAMA
About Algeco Scotsman
Algeco Scotsman is the leading global business services provider focused on modular space, secure portable storage solutions, and remote workforce accommodation management. Headquartered in Baltimore, Algeco Scotsman has operations in 24 countries with approximately 245,000 modular space and portable storage units and 11,400 remote accommodations rooms. The company operates as Target Logistics in North America, Algeco in Europe, Elliott in the United Kingdom, Ausco in Australia, Portacom in New Zealand, and Algeco Chengdong in China.
Cautionary Notice Regarding Forward Looking Statements
This press release contains statements reflecting assumptions, expectations, projections, intentions or beliefs about future events that are intended as “forward-looking statements,” particularly those statements concerning expectations regarding the use of proceeds from the offering. A number of risks and uncertainties could cause our actual results to differ materially from current projections, forecasts, estimates and expectations relating to us. Any or all of these forward-looking statements may turn out to be wrong. They can be affected by inaccurate assumptions or by known or unknown risks, uncertainties and other factors, many of which are beyond our control.
Disclaimer
This press release shall not constitute a solicitation of a proxy, consent or authorization with respect to any securities and shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any states or jurisdictions in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
Investor Relations Contact
Scott Shaughnessy
Vice President, Finance
Algeco Scotsman
+1 410-933-5921
Scott.Shaughnessy@as.willscot.com
Source : Algeco Scotsman
--BERNAMA
LIGHTBRIDGE AND FRAMATOME LAUNCH ENFISSION TO COMMERCIALIZE INNOVATIVE NUCLEAR FUEL
RESTON, Va., Jan 26 (Bernama-GLOBE NEWSWIRE) -- Lightbridge Corporation (NASDAQ:LTBR) (the "Company"), a nuclear fuel technology company, and Framatome, a leader in nuclear fuel, components and reactor services, finalized and launched Enfission, a 50-50 joint venture company to develop, license and sell nuclear fuel assemblies based on Lightbridge-designed metallic fuel technology and other advanced nuclear fuel intellectual property. Lightbridge is a U.S. nuclear fuel development company and Framatome is a leader in designing, building, servicing, and fueling today's reactor fleet and advancing nuclear energy.
The two companies already began joint fuel development and regulatory licensing work under previously signed agreements initiated in March 2016. The joint venture is a Delaware-based limited liability company.
The two companies already began joint fuel development and regulatory licensing work under previously signed agreements initiated in March 2016. The joint venture is a Delaware-based limited liability company.
Friday, 26 January 2018
A.M. BEST AFFIRMS CREDIT RATINGS OF THE DAI-ICHI LIFE INSURANCE COMPANY, LIMITED
HONG KONG, Jan 26 (Bernama-BUSINESS WIRE) -- A.M. Best has affirmed the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Rating of “aa-” of The Dai-ichi Life Insurance Company, Limited (DL) (Japan), a wholly owned subsidiary of Dai-ichi Life Holdings, Inc. The outlook of these Credit Ratings (ratings) is stable.
The ratings reflect DL’s balance sheet strength, which A.M. Best categorizes as very strong, as well as its strong operating performance, favorable business profile and appropriate enterprise risk management.
DL’s very strong balance sheet is underpinned by risk-adjusted capitalization that A.M. Best considers to be at the strongest level and by a positive impact from the holding company, which is offset partially by DL’s moderate asset/liability duration gap. The company’s capital requirements, as measured by Best’s Capital Adequacy Ratio (BCAR), continue to be driven by asset risk due to its sizeable investment assets relative to its shareholder funds. DL’s financial leverage remains adequate for the current ratings.
DL’s profitability remains strong, demonstrated by a relatively high level of operating return on equity. However, the company has reported a modest level of volatility in its operating results, which are susceptible to financial market conditions.
DL has a well-diversified portfolio in terms of business lines and geography. The company carries a moderate level of product risk due to having some concentration of long-duration policies in its domestic life insurance businesses.
Negative rating actions could occur if there is material deterioration in the company’s risk-adjusted capitalization or sustained deterioration in its operating performance.
Ratings are communicated to rated entities prior to publication. Unless stated otherwise, the ratings were not amended subsequent to that communication.
This press release relates to Credit Ratings that have been published on A.M. Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see A.M. Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Best’s Credit Ratings. For information on the proper media use of Best’s Credit Ratings and A.M. Best press releases, please view Guide for Media - Proper Use of Best’s Credit Ratings and A.M. Best Rating Action Press Releases.
A.M. Best is the world’s oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.
Copyright © 2018 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.
Contacts
A.M. Best
Seewon Oh, +852 2827 3404
Associate Director, Analytics
seewon.oh@ambest.com
or
Christie Lee, +852 2827 3413
Director, Analytics
christie.lee@ambest.com
or
Christopher Sharkey, +1 908 439 2200, ext. 5159
Manager, Public Relations
christopher.sharkey@ambest.com
or
Jim Peavy, +1 908 439 2200, ext. 5644
Director, Public Relations
james.peavy@ambest.com
Source: A.M. Best
View this news release online at:
http://www.businesswire.com/news/home/20180125006021/en
--BERNAMA
http://mrem.bernama.com/viewsm.php?idm=31025
The ratings reflect DL’s balance sheet strength, which A.M. Best categorizes as very strong, as well as its strong operating performance, favorable business profile and appropriate enterprise risk management.
DL’s very strong balance sheet is underpinned by risk-adjusted capitalization that A.M. Best considers to be at the strongest level and by a positive impact from the holding company, which is offset partially by DL’s moderate asset/liability duration gap. The company’s capital requirements, as measured by Best’s Capital Adequacy Ratio (BCAR), continue to be driven by asset risk due to its sizeable investment assets relative to its shareholder funds. DL’s financial leverage remains adequate for the current ratings.
DL’s profitability remains strong, demonstrated by a relatively high level of operating return on equity. However, the company has reported a modest level of volatility in its operating results, which are susceptible to financial market conditions.
DL has a well-diversified portfolio in terms of business lines and geography. The company carries a moderate level of product risk due to having some concentration of long-duration policies in its domestic life insurance businesses.
Negative rating actions could occur if there is material deterioration in the company’s risk-adjusted capitalization or sustained deterioration in its operating performance.
Ratings are communicated to rated entities prior to publication. Unless stated otherwise, the ratings were not amended subsequent to that communication.
This press release relates to Credit Ratings that have been published on A.M. Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see A.M. Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Best’s Credit Ratings. For information on the proper media use of Best’s Credit Ratings and A.M. Best press releases, please view Guide for Media - Proper Use of Best’s Credit Ratings and A.M. Best Rating Action Press Releases.
A.M. Best is the world’s oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.
Copyright © 2018 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.
Contacts
A.M. Best
Seewon Oh, +852 2827 3404
Associate Director, Analytics
seewon.oh@ambest.com
or
Christie Lee, +852 2827 3413
Director, Analytics
christie.lee@ambest.com
or
Christopher Sharkey, +1 908 439 2200, ext. 5159
Manager, Public Relations
christopher.sharkey@ambest.com
or
Jim Peavy, +1 908 439 2200, ext. 5644
Director, Public Relations
james.peavy@ambest.com
Source: A.M. Best
View this news release online at:
http://www.businesswire.com/news/home/20180125006021/en
--BERNAMA
http://mrem.bernama.com/viewsm.php?idm=31025
BEST'S BRIEFING: TYPHOON HATO SHOWS MACAU'S INSURANCE AND REINSURANCE MODELS TO BE ROBUST
HONG KONG, Jan 26 (Bernama-BUSINESS WIRE) -- The Macau non-life insurance industry ability to withstand 2017’s Typhoon Hato (Hato) shows that despite the market’s small size, it remains a healthy one, with well-capitalized companies that have strong earning capabilities to help withstand losses, according to a new A.M. Best briefing.
The new Best’s Briefing, titled “Typhoon Hato Shows Macau’s (Re)insurance Models to be Robust,” states that Macau’s insurance regulator takes a conservative approach by requiring a minimum solvency margin for non-life business based on gross premiums written. Under these high capital requirements, local insurance companies tend to focus on the bottom line in order to deliver their shareholders an expected return-on-equity (ROE). As a result, the earning capabilities of the top three non-life insurers in Macau, which represent 70% of the market share, are considered strong, with five-year ROEs ranging from 9% to 24%.
http://mrem.bernama.com/viewsm.php?idm=31021
The new Best’s Briefing, titled “Typhoon Hato Shows Macau’s (Re)insurance Models to be Robust,” states that Macau’s insurance regulator takes a conservative approach by requiring a minimum solvency margin for non-life business based on gross premiums written. Under these high capital requirements, local insurance companies tend to focus on the bottom line in order to deliver their shareholders an expected return-on-equity (ROE). As a result, the earning capabilities of the top three non-life insurers in Macau, which represent 70% of the market share, are considered strong, with five-year ROEs ranging from 9% to 24%.
http://mrem.bernama.com/viewsm.php?idm=31021
FRASER INSTITUTE NEWS RELEASE: SWITZERLAND OVERTAKES HONG KONG TO CLAIM TOP SPOT IN FREEDOM INDEX, UNITED STATES RISES TO 17TH
TORONTO, Jan 25 (Bernama-GLOBE NEWSWIRE) -- Switzerland is the freest country in the world, having replaced Hong Kong atop the Human Freedom Index, released today by the Fraser Institute and a network of international public policy think-tanks.
The United States inched upwards six spots from 24th to 17th in the index, which uses 79 indicators of personal, civil and economic freedoms to rank 159 countries and jurisdictions worldwide.
“The Human Freedom Index measures the degree to which people are free to enjoy civil liberties—freedom of speech, religion, women’s rights, association and assembly and economic freedom,” said Fred McMahon, Dr. Michael A. Walker Research Chair in Economic Freedom at the Fraser Institute and editor of the report.
Other notable countries include: Canada (11), Germany (16), Japan (27), France (33), Mexico (73), India (102), Russia (126) and China (130).
For the past two years, Hong Kong led the rankings as the freest jurisdiction in the world, largely as a result of the city’s score in economic freedom.
“Hong Kong’s fall from the top of the Human Freedom Index this year could indicate China is encroaching on its one-country, two-system relationship and the people of Hong Kong are materially less free because of it,” McMahon said.
Crucially, people in freer countries earn more money than those who live in less-free countries. For example, the average per capita income for the top-quartile countries on the index was US$38,871 compared to just US$10,346 for the least-free quartile in 2015, the most recent year of available comparable data in the freedom index.
“The evidence is clear—when people are free, they have much greater opportunity to prosper,” McMahon added.
The complete index, a joint project of the Fraser Institute, Germany’s Friedrich Naumann Foundation for Freedom and the Cato Institute in the U.S., is available as a free PDF download at www.fraserinstitute.org. It is prepared by Ian Vasquez of the Cato Institute and Tanja Porčnik of the Visio Institute in Slovenia.
The 10 freest and the least-free countries in the index
| |||
MEDIA CONTACT:
Fred McMahon, Dr. Michael A. Walker Research Chair in Economic Freedom
Fraser Institute
To arrange media interviews or for more information, please contact:
Bryn Weese, Media Relations Specialist, Fraser Institute
(604) 688-0221 Ext. 589
bryn.weese@fraserinstitute.org
Follow the Fraser Institute on Twitter and Facebook
The Fraser Institute is an independent Canadian public policy research and educational organization with offices in Vancouver, Calgary, Toronto, and Montreal and ties to a global network of think-tanks in 87 countries. Its mission is to improve the quality of life for Canadians, their families and future generations by studying, measuring and broadly communicating the effects of government policies, entrepreneurship and choice on their well-being. To protect the Institute’s independence, it does not accept grants from governments or contracts for research. Visit www.fraserinstitute.org
SOURCE : Fraser Institute
--BERNAMA
Fred McMahon, Dr. Michael A. Walker Research Chair in Economic Freedom
Fraser Institute
To arrange media interviews or for more information, please contact:
Bryn Weese, Media Relations Specialist, Fraser Institute
(604) 688-0221 Ext. 589
bryn.weese@fraserinstitute.org
Follow the Fraser Institute on Twitter and Facebook
The Fraser Institute is an independent Canadian public policy research and educational organization with offices in Vancouver, Calgary, Toronto, and Montreal and ties to a global network of think-tanks in 87 countries. Its mission is to improve the quality of life for Canadians, their families and future generations by studying, measuring and broadly communicating the effects of government policies, entrepreneurship and choice on their well-being. To protect the Institute’s independence, it does not accept grants from governments or contracts for research. Visit www.fraserinstitute.org
SOURCE : Fraser Institute
--BERNAMA
Thursday, 25 January 2018
BLACK HAT ASIA 2018 TO EXPOSE VULNERABILITIES AFFECTING APPLE AND GOOGLE SOFTWARE, MOBILE AND IOT DEVICES, PAYMENT SYSTEMS & MORE
Renowned information security event brings robust Briefings and Trainings programs to Singapore March 20-23, 2018
SAN FRANCISCO, Jan 24 (Bernama-GLOBE NEWSWIRE) -- Today, Black Hat, the world's leading provider of information security events, announces Briefings highlights for its upcoming Black Hat Asia program. The event, returning to Singapore this year, will offer its community a robust schedule complete with timely research Briefings, hands-on Trainings, a Business Hall featuring leading solution providers and additional specialized programs to address the needs of the wider information security community, from staff and managers to those serving at an executive level.
Black Hat Asia will take place March 20 – March 23, 2018 at the Marina Bay Sands in Singapore. For more information and to save S$200 on registration prices, please visit: blackhat.com/asia-18/registration.html
Highlights from the Black Hat Asia 2018 program so far include:
- Research on a remote ransomware attack on iOS and OSX platforms, possibly the first ransomware detection on these Apple platforms that were immune to the infamous WannaCry attacks.
- Compromising mobile payment systems with a vulnerability that allows an attacker to remotely make purchases on victims' phones without their knowing.
- Hacking widely used software libraries with a talk that calls attention to vulnerabilities that could affect billions of devices within the next five years – including products using Chrome, Android, iOS, and Windows as well as software used by popular companies including Audi and BMW.
- Mobile hacks, including a vulnerability found in Android 8.0 and research surrounding eMMC & UFS security, one of the critical but mostly overlooked areas in mobile security that could have a massive impact on mobile platforms security and privacy of every day users.
- Vulnerabilities affecting devices we use every day including attacks on embedded devices such as wireless keyboards to extract personal data, and cyberattacks on IoT devices that span everything from webcams to routers. Researchers will also explore vulnerabilities associated with QNX, an operating system found in many sensitive devices spanning medical, automotive and industrial sectors.
- Bypassing security devices in PCs, laptops and servers during sleeping states by neutralizing Intel TXT; and research around vulnerabilities associated with ARM’s TrustZone, which is present in nearly every modern Android device.
To see the current 2018 program lineup and to view presentation abstracts, visit: blackhat.com/asia-18/briefings.html
http://mrem.bernama.com/viewsm.php?idm=31004
http://mrem.bernama.com/viewsm.php?idm=31004
AMERITAS INCREASES BUSINESS AGILITY AND IT SECURITY WITH CISCO APPLICATION CENTRIC INFRASTRUCTURE
Single-pane-of-glass management makes network operations easier and more scalable
SAN JOSE, Calif., Jan 25 (Bernama-GLOBE NEWSWIRE) -- Ameritas, a large insurance company headquartered in Lincoln, Nebraska, has selected Cisco® computing, networking and security technology as the foundation for upgrading its data centers. The goal of the infrastructure upgrade was to improve agility and operational efficiency while increasing IT security.
Supporting close to 1000 applications, the new technology infrastructure has reduced capex by 30 to 40 percent in switching devices alone and freed up 25 to 30 percent of the network operations team's time, allowing them to focus on more strategic initiatives.
SAN JOSE, Calif., Jan 25 (Bernama-GLOBE NEWSWIRE) -- Ameritas, a large insurance company headquartered in Lincoln, Nebraska, has selected Cisco® computing, networking and security technology as the foundation for upgrading its data centers. The goal of the infrastructure upgrade was to improve agility and operational efficiency while increasing IT security.
Supporting close to 1000 applications, the new technology infrastructure has reduced capex by 30 to 40 percent in switching devices alone and freed up 25 to 30 percent of the network operations team's time, allowing them to focus on more strategic initiatives.
RADWARE EXPANDS CLOUD SECURITY AND GLOBAL FOOTPRINT
MAHWAH, N.J., Jan 24 (Bernama-GLOBE NEWSWIRE) -- Radware® (NASDAQ:RDWR), a leading provider of cyber security and application delivery solutions, is rapidly expanding the capacity of all its scrubbing centers, which increases the global mitigation capacity of Radware cloud security network to more than 3.5Tbps of traffic and over 6 Billion packets per second (PPS). All of Radware’s scrubbing centers leverage the company’s award-winning DefensePro® DDoS mitigation appliances. As part of the capacity growth, Radware is opening more Data Centers globally supporting localization of security services, GDPR requirements and in-country cloud security.
“By enhancing our global scrubbing capabilities, we are able to provide more comprehensive support to our customers, both globally and regionally,” said Haim Zelikovsky, Vice President of Cloud Business at Radware. “We are able to handle the most pernicious attacks from their region of origin and keep legitimate traffic within its destination region, which goes a long way toward reducing latency and keeping our clients up and running.”
Radware backs up these technological advancements with excellence in service and dedication, including its Emergency Response Team (ERT), which is successfully mitigating thousands of DDoS attacks per month, and an industry-leading service level agreement, which provides specific, granular commitments to its customers, including time-to-detect, time-to-alert, time-to-divert, time-to-mitigate, consistency of mitigation, and several other key performance indicators.
Radware maintains compliance with the strictest certifications, including ISO, ISCA Labs, PCI and others.
About Radware
Radware® (NASDAQ:RDWR), is a global leader of cyber security and application delivery solutions for physical, cloud, and software defined data centers. Its award-winning solutions portfolio secures the digital experience by providing infrastructure, application, and corporate IT protection and availability services to enterprises globally. Radware’s solutions empower more than 12,500 enterprise and carrier customers worldwide to adapt to market challenges quickly, maintain business continuity and achieve maximum productivity while keeping costs down. For more information, please visit www.radware.com.
Radware encourages you to join our community and follow us on: Radware Blog, LinkedIn, Facebook, Twitter, SlideShare, YouTube, Radware Connect app for iPhone® and our security center DDoSWarriors.com that provides a comprehensive analysis on DDoS attack tools, trends and threats.
©2018 Radware Ltd. All rights reserved. The Radware products and solutions mentioned in this press release are protected by trademarks, patents and pending patent applications of Radware in the U.S. and other countries. For more details please see: https://www.radware.com/LegalNotice/. All other trademarks and names are property of their respective owners.
Safe Harbor Statement
This press release may contain statements concerning Radware’s future prospects that are “forward-looking statements” under the Private Securities Litigation Reform Act of 1995. Statements preceded by, followed by, or that otherwise include the words "believes", "expects", "anticipates", "intends", "estimates", "plans", and similar expressions or future or conditional verbs such as "will", "should", "would", "may" and "could" are generally forward-looking in nature and not historical facts. For example, when we say “…will handle six billion packets per second, 5Tbs of attack traffic, 350 million legitimate connections beyond attack traffic, and 1.8 million new SSL connections”, this is a forward looking statement. Because such statements deal with future events, they are subject to various risks and uncertainties and actual results, expressed or implied by such forward-looking statements, could differ materially from Radware's current forecasts and estimates. Factors that could cause or contribute to such differences include, but are not limited to: the impact of global economic conditions and volatility of the market for our products; changes in the competitive landscape; inability to realize our investment objectives; timely availability and customer acceptance of our new and existing products; risks and uncertainties relating to acquisitions; the impact of economic and political uncertainties and weaknesses in various regions of the world, including the commencement or escalation of hostilities or acts of terrorism; Competition in the market for Application Delivery and Network Security solutions and our industry in general is intense; and other factors and risks on which we may have little or no control. This list is intended to identify only certain of the principal factors that could cause actual results to differ. For a more detailed description of the risks and uncertainties affecting Radware, reference is made to Radware’s Annual Report on Form 20-F, as amended, which is on file with the Securities and Exchange Commission (SEC) and the other risk factors discussed from time to time by Radware in reports filed with, or furnished to, the SEC. Forward-looking statements speak only as of the date on which they are made and, except as required by applicable law, Radware undertakes no commitment to revise or update any forward-looking statement in order to reflect events or circumstances after the date any such statement is made. Radware’s public filings are available from the SEC’s website at www.sec.gov or may be obtained on Radware’s website at www.radware.com.
Media Contacts:
Deborah Szajngarten
Radware
201-785-3206
deborah.szajngarten@radware.com
Investor Relations:
Anat Earon-Heilborn
+972 723917548
ir@radware.com
SOURCE : Radware Inc.
--BERNAMA
“By enhancing our global scrubbing capabilities, we are able to provide more comprehensive support to our customers, both globally and regionally,” said Haim Zelikovsky, Vice President of Cloud Business at Radware. “We are able to handle the most pernicious attacks from their region of origin and keep legitimate traffic within its destination region, which goes a long way toward reducing latency and keeping our clients up and running.”
Radware backs up these technological advancements with excellence in service and dedication, including its Emergency Response Team (ERT), which is successfully mitigating thousands of DDoS attacks per month, and an industry-leading service level agreement, which provides specific, granular commitments to its customers, including time-to-detect, time-to-alert, time-to-divert, time-to-mitigate, consistency of mitigation, and several other key performance indicators.
Radware maintains compliance with the strictest certifications, including ISO, ISCA Labs, PCI and others.
About Radware
Radware® (NASDAQ:RDWR), is a global leader of cyber security and application delivery solutions for physical, cloud, and software defined data centers. Its award-winning solutions portfolio secures the digital experience by providing infrastructure, application, and corporate IT protection and availability services to enterprises globally. Radware’s solutions empower more than 12,500 enterprise and carrier customers worldwide to adapt to market challenges quickly, maintain business continuity and achieve maximum productivity while keeping costs down. For more information, please visit www.radware.com.
Radware encourages you to join our community and follow us on: Radware Blog, LinkedIn, Facebook, Twitter, SlideShare, YouTube, Radware Connect app for iPhone® and our security center DDoSWarriors.com that provides a comprehensive analysis on DDoS attack tools, trends and threats.
©2018 Radware Ltd. All rights reserved. The Radware products and solutions mentioned in this press release are protected by trademarks, patents and pending patent applications of Radware in the U.S. and other countries. For more details please see: https://www.radware.com/LegalNotice/. All other trademarks and names are property of their respective owners.
Safe Harbor Statement
This press release may contain statements concerning Radware’s future prospects that are “forward-looking statements” under the Private Securities Litigation Reform Act of 1995. Statements preceded by, followed by, or that otherwise include the words "believes", "expects", "anticipates", "intends", "estimates", "plans", and similar expressions or future or conditional verbs such as "will", "should", "would", "may" and "could" are generally forward-looking in nature and not historical facts. For example, when we say “…will handle six billion packets per second, 5Tbs of attack traffic, 350 million legitimate connections beyond attack traffic, and 1.8 million new SSL connections”, this is a forward looking statement. Because such statements deal with future events, they are subject to various risks and uncertainties and actual results, expressed or implied by such forward-looking statements, could differ materially from Radware's current forecasts and estimates. Factors that could cause or contribute to such differences include, but are not limited to: the impact of global economic conditions and volatility of the market for our products; changes in the competitive landscape; inability to realize our investment objectives; timely availability and customer acceptance of our new and existing products; risks and uncertainties relating to acquisitions; the impact of economic and political uncertainties and weaknesses in various regions of the world, including the commencement or escalation of hostilities or acts of terrorism; Competition in the market for Application Delivery and Network Security solutions and our industry in general is intense; and other factors and risks on which we may have little or no control. This list is intended to identify only certain of the principal factors that could cause actual results to differ. For a more detailed description of the risks and uncertainties affecting Radware, reference is made to Radware’s Annual Report on Form 20-F, as amended, which is on file with the Securities and Exchange Commission (SEC) and the other risk factors discussed from time to time by Radware in reports filed with, or furnished to, the SEC. Forward-looking statements speak only as of the date on which they are made and, except as required by applicable law, Radware undertakes no commitment to revise or update any forward-looking statement in order to reflect events or circumstances after the date any such statement is made. Radware’s public filings are available from the SEC’s website at www.sec.gov or may be obtained on Radware’s website at www.radware.com.
Media Contacts:
Deborah Szajngarten
Radware
201-785-3206
deborah.szajngarten@radware.com
Investor Relations:
Anat Earon-Heilborn
+972 723917548
ir@radware.com
SOURCE : Radware Inc.
--BERNAMA
CYBERINC PARTNERS WITH ECS TO DRIVE RAPID GROWTH OF ISLA ACROSS APAC
ECS Computers to distribute Isla Malware Isolation Platform across small, medium and enterprise segments
SINGAPORE, Jan 24 (Bernama-GLOBE NEWSWIRE) -- Cyberinc today announced that it has added ECS Computers Asia Pte. Ltd. - one of the largest providers of ICT products and services in APAC- as an Authorized Distributor for Isla Malware Isolation platform. The partnership will streamline ECS's access to Isla Malware Isolation system and help cater to Endpoint Security needs of the local IT businesses in the region.
ECS is recognized as a leading distribution partner of several leading product vendors in Singapore. As an authorized distributor, ECS will expand its portfolio of security solutions to include Cyberinc's Isla Malware Isolation Platform that helps customers isolate and thus, prevent all web-borne malware attacking their enterprise from entering the network.
SINGAPORE, Jan 24 (Bernama-GLOBE NEWSWIRE) -- Cyberinc today announced that it has added ECS Computers Asia Pte. Ltd. - one of the largest providers of ICT products and services in APAC- as an Authorized Distributor for Isla Malware Isolation platform. The partnership will streamline ECS's access to Isla Malware Isolation system and help cater to Endpoint Security needs of the local IT businesses in the region.
ECS is recognized as a leading distribution partner of several leading product vendors in Singapore. As an authorized distributor, ECS will expand its portfolio of security solutions to include Cyberinc's Isla Malware Isolation Platform that helps customers isolate and thus, prevent all web-borne malware attacking their enterprise from entering the network.
CLINICAL RESEARCH MALAYSIA SIGNS CORRUPTION-FREE PLEDGE WITH MACC
LANGKAWI, Jan 25 (Bernama) -- Clinical Research Malaysia (CRM), represented by 140 of its staff, signed the Corruption-Free Pledge with the MACC in a ceremony held at Berjaya Langkawi Resort on 22 January 2018.
The signing and pledge ceremony was led by the CEO of CRM, Dr. Akhmal Yusof and witnessed by KPKPj Tuan Ruslan Tuan Mat, Deputy Director of the MACC Community Education Division.
The ceremony was held as part of the CRM 4th National Conference to build a workforce free from corruption and abuse of power.
Prior to the ceremony, a talk entitled “Fighting Corruption, A Collective Responsibility” was delivered by PPj Mohd Lokman Samingan.
Also present in the event was PKPj Soock Wee A/L Ei Tem, Deputy Director of MACC Kedah.
The signing and pledge ceremony was led by the CEO of CRM, Dr. Akhmal Yusof and witnessed by KPKPj Tuan Ruslan Tuan Mat, Deputy Director of the MACC Community Education Division.
The ceremony was held as part of the CRM 4th National Conference to build a workforce free from corruption and abuse of power.
Prior to the ceremony, a talk entitled “Fighting Corruption, A Collective Responsibility” was delivered by PPj Mohd Lokman Samingan.
Also present in the event was PKPj Soock Wee A/L Ei Tem, Deputy Director of MACC Kedah.
Click here for photos:
https://www.dropbox.com/sh/355fatwmg76bpr1/AADzXM0jVwl7Oc6wrCkZpVIda?dl=0
https://www.dropbox.com/sh/355fatwmg76bpr1/AADzXM0jVwl7Oc6wrCkZpVIda?dl=0
About CRM
Clinical Research Malaysia (CRM) is a non-profit company set up by the Ministry of Health in 2012, which has been working towards creating a supportive ecosystem to grow clinical research in the country. Since CRM’s inception, it has conducted more than 900 industry sponsored research (ISR), which have given local medical practitioners the opportunity to be involved in clinical trials. More importantly, it plays a critical role in bringing access to the latest medicines and technology to Malaysians.
SOURCE : Clinical Research Malaysia (CRM)
FOR MORE INFORMATION, PLEASE CONTACT:
Name : Mr Syed Hamzah Syed Noordin
Business Development
Clinical Research Malaysia (CRM)
Tel : +603-7960 5153 (ext. 121)
Email : hamzah@clinicalresearch.my
--BERNAMA
STUDY REVEALS 93 PER CENT AGREE GEOSPATIAL TECHNOLOGY IS KEY TOWARDS SMART NATION
KUALA LUMPUR, Jan 25 (Bernama) -- A new landmark report has revealed that 9 out of 10 professionals working in Malaysia’s local government sector believe the key to achieving true smart nation status lies with the innovative use of Geographic Information System (GIS) technology.
Malaysia, home to about 29 million people, is among the world’s fastest “Smart Nation” adopters supporting the nation’s vision of Transformasi Nasional 2050.
The Local Government Benchmark Study – a joint initiative of the Malaysian Centre for Geospatial Data Infrastructure (MaCGDI) and Esri Malaysia – is the nation’s first piece of comprehensive research into the use of GIS technology in Malaysia and around the world in building smart cities and sustainable future.
86 local government representatives from 13 states participated in the research, focusing on the key areas of sustainability, safe community initiatives, smart cities, policy development and future technology trends.
The Report contains a detailed outline of the Study findings including commentary and comprehensive case studies from Malaysia and across the globe, on the use of spatial technology to support local government initiatives.
“It is only by reflecting and learning – enabled through key pieces of research such as the Local Government Benchmark Study, that we can be ready to face the future,” said YB Datuk Ir. Dr Haji Hamim Bin Samuri, Deputy Minister of Natural Resources and Environment.
“In order to meet this vision, we must embrace technologies – such as GIS – to ensure we can create smarter cities and more efficient processes,” he said.
From the Study findings, it is clear this mandate has been readily embraced with 93 per cent of survey respondents deemed GIS technology as essential to creating a sustainable future.
Director of MaCGDI Hajah Norizam Binti Che Noh said, “The ability to access and share authoritative information on a dynamic geospatial platform has led to innovations that have had far-reaching social and economic benefits in cities not only here in Malaysia, but all around the world.”
“From underpinning the planning and development of cities; to informing emergency response efforts – GIS technology has been identified by local government as fundamental to their day-to-day operations,” CS Tan, Chief Executive Officer of Esri Malaysia, echoed this sentiment.
“It is encouraging to see many of our cities – from Kuala Lumpur to Penang – being recognised as world-leaders on how they use GIS technology to deliver better communities and smarter services.”
The Local Government Benchmark Study is available to download free-of-charge at esrimalaysia.com.my/study.
The Study will also be a key point of discussion at the World Urban Forum, the world’s premier conference on cities convened by the United Nations Human Settlements Programme (UN-Habitat) happening at Kuala Lumpur Convention Centre on 7th to 13th February 2018.
During the 7-day event, Esri Malaysia will be showcasing GIS technology solutions through demonstrations and scheduled presentations coupled with real-life case scenarios on how GIS plays a critical role in every step of decision-making process for any industry’s growth strategy and sustainability.
SOURCE : Esri Malaysia
FOR MEDIA ENQUIRIES AND INTERVIEW OPPORTUNITIES PLEASE CONTACT:
Name : Hani SallimMalaysia, home to about 29 million people, is among the world’s fastest “Smart Nation” adopters supporting the nation’s vision of Transformasi Nasional 2050.
The Local Government Benchmark Study – a joint initiative of the Malaysian Centre for Geospatial Data Infrastructure (MaCGDI) and Esri Malaysia – is the nation’s first piece of comprehensive research into the use of GIS technology in Malaysia and around the world in building smart cities and sustainable future.
86 local government representatives from 13 states participated in the research, focusing on the key areas of sustainability, safe community initiatives, smart cities, policy development and future technology trends.
The Report contains a detailed outline of the Study findings including commentary and comprehensive case studies from Malaysia and across the globe, on the use of spatial technology to support local government initiatives.
“It is only by reflecting and learning – enabled through key pieces of research such as the Local Government Benchmark Study, that we can be ready to face the future,” said YB Datuk Ir. Dr Haji Hamim Bin Samuri, Deputy Minister of Natural Resources and Environment.
“In order to meet this vision, we must embrace technologies – such as GIS – to ensure we can create smarter cities and more efficient processes,” he said.
From the Study findings, it is clear this mandate has been readily embraced with 93 per cent of survey respondents deemed GIS technology as essential to creating a sustainable future.
Director of MaCGDI Hajah Norizam Binti Che Noh said, “The ability to access and share authoritative information on a dynamic geospatial platform has led to innovations that have had far-reaching social and economic benefits in cities not only here in Malaysia, but all around the world.”
“From underpinning the planning and development of cities; to informing emergency response efforts – GIS technology has been identified by local government as fundamental to their day-to-day operations,” CS Tan, Chief Executive Officer of Esri Malaysia, echoed this sentiment.
“It is encouraging to see many of our cities – from Kuala Lumpur to Penang – being recognised as world-leaders on how they use GIS technology to deliver better communities and smarter services.”
The Local Government Benchmark Study is available to download free-of-charge at esrimalaysia.com.my/study.
The Study will also be a key point of discussion at the World Urban Forum, the world’s premier conference on cities convened by the United Nations Human Settlements Programme (UN-Habitat) happening at Kuala Lumpur Convention Centre on 7th to 13th February 2018.
During the 7-day event, Esri Malaysia will be showcasing GIS technology solutions through demonstrations and scheduled presentations coupled with real-life case scenarios on how GIS plays a critical role in every step of decision-making process for any industry’s growth strategy and sustainability.
SOURCE : Esri Malaysia
FOR MEDIA ENQUIRIES AND INTERVIEW OPPORTUNITIES PLEASE CONTACT:
Media Liaison
Esri South Asia
Tel:+65 6742 8622
Email: shaniati@esrisa.com
Name : Mah Chee Ping
Media Liaison
Esri Malaysia
Tel: +60 3 7629 5518
Email: cpmah@esrimalaysia.com.my
--BERNAMA
Wednesday, 24 January 2018
CRYPTOS FUND, A QUASI-ETF, IS NOW OPEN TO INVESTORS
The first fund to passively track the CCI30 Cryptocurrency Index
ZUG, Switzerland, Jan 23 (Bernama-BUSINESS WIRE) -- Cryptos Fund allows investors to gain exposure to Cryptocurrencies with reduced risk in a regulated environment.
Cryptos Fund is the brainchild of a team of leading academics, quants and security experts based in Zug, Switzerland. It is designed to passively track the CCI30 index (www.cci30.com), an indicator of cryptocurrencies valuations and the benchmark for the sector.
Carlo Scevola, one of the fund’s principals, says: “Cryptos Fund was initially created as a private investment vehicle. I first bought Bitcoin in 2011, and when its value became substantial I wanted to diversify into other cryptocurrencies with a rigorous scientific approach. There was no suitable option available, so I created my own fund.” Cryptos Fund is also a response to heavy investor demand: “It bridges the gap between the traditional financial system and the cryptocurrencies sector. Investors need to participate in the cryptocurrency market via a regulated entity, which didn’t exist until now.”
Cryptos Fund is the only regulated fund offering a passive index tracking investment strategy on cryptocurrencies and charging no performance fees.
The CCI30 index allows for the creation of a balanced portfolio that maximizes returns while minimizing risk and volatility. The fund replicates the CCI30 index passively by investing in the components of the index (the 30 cryptocurrencies with the largest market capitalization).
Participation in the fund requires a minimum investment of USD 100,000. The fund’s annual management fee, just 0.99%, and zero performance fee make it by far the least expensive fund in the sector.
“No single investor can realistically own multiple cryptocurrencies directly. It requires time and experience to buy 30 different cryptocurrencies and keep the portfolio balanced. There are also technical and security requirements that only a dedicated professional structure can meet,” says Scevola. “Through Cryptos Fund, anyone can gain exposure to the main cryptocurrencies while reducing the volatility of the investment.”
Running an index fund requires a variety of financial and quantitative skills, along with a world-class security operation. Three partners began Cryptos Fund and are responsible for its management:
Cryptos Fund is the brainchild of a team of leading academics, quants and security experts based in Zug, Switzerland. It is designed to passively track the CCI30 index (www.cci30.com), an indicator of cryptocurrencies valuations and the benchmark for the sector.
Carlo Scevola, one of the fund’s principals, says: “Cryptos Fund was initially created as a private investment vehicle. I first bought Bitcoin in 2011, and when its value became substantial I wanted to diversify into other cryptocurrencies with a rigorous scientific approach. There was no suitable option available, so I created my own fund.” Cryptos Fund is also a response to heavy investor demand: “It bridges the gap between the traditional financial system and the cryptocurrencies sector. Investors need to participate in the cryptocurrency market via a regulated entity, which didn’t exist until now.”
Cryptos Fund is the only regulated fund offering a passive index tracking investment strategy on cryptocurrencies and charging no performance fees.
The CCI30 index allows for the creation of a balanced portfolio that maximizes returns while minimizing risk and volatility. The fund replicates the CCI30 index passively by investing in the components of the index (the 30 cryptocurrencies with the largest market capitalization).
Participation in the fund requires a minimum investment of USD 100,000. The fund’s annual management fee, just 0.99%, and zero performance fee make it by far the least expensive fund in the sector.
“No single investor can realistically own multiple cryptocurrencies directly. It requires time and experience to buy 30 different cryptocurrencies and keep the portfolio balanced. There are also technical and security requirements that only a dedicated professional structure can meet,” says Scevola. “Through Cryptos Fund, anyone can gain exposure to the main cryptocurrencies while reducing the volatility of the investment.”
Running an index fund requires a variety of financial and quantitative skills, along with a world-class security operation. Three partners began Cryptos Fund and are responsible for its management:
- Igor Rivin, Professor of Mathematics at Temple University and Regius Professor at St. Andrews, one of the world’s most respected mathematicians. Recognized for his skills at the intersection of mathematics and finance; he is responsible for the research and theoretical underpinnings of Cryptos Fund.
- Carlo Scevola, esteemed provider of legal and financial advisory services, economist and investor; Scevola is responsible for the fund organization.
- Jeff Zorn, global security expert. Formerly the military aide to the U.S. president responsible for carrying the nuclear “football,” Zorn now advises governments and corporations on cybersecurity, threat identification and neutralization. He is responsible for all security aspects of the fund.
Baker Tilly, a full-service global accounting firm, is the fund’s appointed auditor; Trident Trust, one of the world’s top firms, is the independent administrator.
“Cryptocurrencies are not correlated with other asset classes,” professor Rivin says. “This makes Cryptos Fund the perfect vehicle for adding diversification to a portfolio. The fund can also be viewed as a safe vehicle for storing capital. Its low fees make it viable for those who want to keep their money outside the traditional banking system, while enjoying the benefits of a regulated entity and the high level of security provided by its structure.”
Operations started with a capital of $12m and institutional investors have already committed for further $100m.
Professional investors wishing to participate in Cryptos Fund can learn more at www.thecryptosfund.com.
“Cryptocurrencies are not correlated with other asset classes,” professor Rivin says. “This makes Cryptos Fund the perfect vehicle for adding diversification to a portfolio. The fund can also be viewed as a safe vehicle for storing capital. Its low fees make it viable for those who want to keep their money outside the traditional banking system, while enjoying the benefits of a regulated entity and the high level of security provided by its structure.”
Operations started with a capital of $12m and institutional investors have already committed for further $100m.
Professional investors wishing to participate in Cryptos Fund can learn more at www.thecryptosfund.com.
Source: Cryptos Fund
AGENCY FOR THE COOPERATION OF ENERGY REGULATORS (ACER) CONTINUES TO USE NASDAQ'S SMARTS FOR PAN-EUROPEAN MARKET MONITORING OF EU WHOLESALE ENERGY MARKETS
NEW YORK, Jan 23 (Bernama-GLOBE NEWSWIRE) -- The Agency for the Cooperation of Energy Regulators (ACER) has officially extended its contract with Nasdaq (Nasdaq:NDAQ) to continue to leverage Nasdaq’s SMARTS Market Surveillance technology to detect insider trading and market manipulation across the European Union’s wholesale energy markets by digesting and analyzing massive volumes of data from hundreds of power producers, exchanges, operators, and brokers across 28 member states. The new agreement contract extension will continue to allow national regulatory authorities to share data, technology, and expertise, with the aim of creating a cooperative regulatory infrastructure.
Under the contract, SMARTS technology will continue being leveraged to monitor the European wholesale gas and electricity markets, covering both spot trading and derivative markets across Europe in accordance with the obligations under the REMIT legislation. Further, the surveillance technology will support ACER’s efforts in ensuring prices set on wholesale energy markets reflect fair and competitive interplay between supply and demand, with the goal to stifle any profits gained from market abuse.
As a truly pan-European development, the partnership allows National Regulatory Authorities to directly leverage the data and technology. The platform is designed in a manner that allows easy sharing of data for investigations across the European Union and for the national regulators to pool their knowledge to fine tune detection algorithms. Several national regulators have already signed up to be part of the technology partnership with the objective of creating a cooperative technology framework for energy market monitoring.
“We are proud of our partnership with ACER and its key role in strengthening the integrity and transparency of the EU energy markets,” said Tony Sio, Head of Marketplace & Regulator Surveillance, Market Technology, Nasdaq. “The platform centrally monitors huge volumes of activity across Europe and is designed to foster collaboration across the different national regulators. A cooperative pan-European approach to surveillance ensures that nothing falls through the cracks.”
Proven at over 50 marketplaces and regulators, and more than 140 market participants worldwide, Nasdaq’s SMARTS Surveillance technology is the industry benchmark for real-time and T1 solutions for market surveillance, supervision and compliance.
About Nasdaq
Nasdaq (Nasdaq:NDAQ) is a leading provider of trading, clearing, exchange technology, listing, information and public company services across six continents. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 70 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to more than 3,500 listed companies with a market value of over $9.1 trillion and more than 10,000 corporate clients. To learn more, visit http://nasdaq.com/ambition or http://business.nasdaq.com.
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