AIT WORLDWIDE LOGISTICS' EXPANSION CONTINUES IN MALAYSIA, SINGAPORE

New Southeast Asia facilities launch in response to multinational shippers’ increasingly diversified supply chain sourcing

ITASCA, Ill., Oct 30 (Bernama-BUSINESS WIRE) -- Global supply chain solutions leader, AIT Worldwide Logistics, has opened two new locations in Southeast Asia, one in Penang, Malaysia, and another in Singapore. With the addition of these offices, AIT’s geographic footprint in Asia has expanded to six countries, supporting customers that continue to diversify sourcing of components and finished goods.

This press release features multimedia. View the full release here: 
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According to AIT’s Chief Business Officer, Greg Weigel, the new facilities are the latest example of the company’s adaptability and flexibility in response to shifting customer demands in the region.

“Establishing dedicated teams in Malaysia and Singapore further supports AIT’s robust business in Southeast Asia, while strengthening relationships with local partners,” Weigel said. “AIT’s expanding presence is helping shippers to reduce risk by embracing a broader variety of sourcing options in their supply chains.”

Reporting to Senior Vice President, Asia, Wilson Lee, AIT’s Regional Director of Singapore, Malaysia and Thailand, Siau Hwee Tan, oversees the new AIT-Penang and AIT-Singapore offices, which provide comprehensive freight forwarding services with a primary focus on air and ocean imports and exports.

“Manufacturing is growing quickly in Southeast Asia, especially in Malaysia, and our subject matter experts in both newly opened locations are already serving customers in the automotive, industrial and technology sectors,” Lee said. “AIT also has well-established global networks to support special shipping requirements for consumer retail, food logistics and life sciences, so we are well-positioned to offer seamless onboarding for customers in those industries.”

Both locations in Malaysia and Singapore are situated near major airports and seaports. The new facilities join more than a dozen AIT offices across Asia – and more than 110 across the globe. The company expects to open additional facilities in the region in 2024.

AIT-Penang
BHL Tower
51-9-F Jalan Sultan Ahmad Shah
10050 George Town, Penang, Malaysia

AIT-Singapore
80 Marine Parade Road
#18-03 Parkway Parade
Singapore 44926

For additional images associated with this announcement, please visit the location pages for Malaysia and Singapore on AIT’s website: https://www.aitworldwide.com/locations/.

About AIT Worldwide Logistics

AIT Worldwide Logistics is a global freight forwarder that helps companies grow by expanding access to markets all over the world where they can sell and/or procure their raw materials, components and finished goods. For more than 40 years, the Chicago-based supply chain solutions leader has relied on a consultative approach to build a global network and trusted partnerships in nearly every industry, including aerospace, automotive, consumer retail, food, government, healthcare, high-tech, industrial and life sciences. Backed by scalable, user-friendly technology, AIT’s flexible business model customizes door-to-door deliveries via sea, air, ground and rail — on time and on budget. With expert teammates staffing more than 110 worldwide locations in Asia, Europe and North America, AIT’s full-service options also include customs clearance, warehouse management and white glove services. Learn more at www.aitworldwide.com.

Our Mission

At AIT, we vigorously seek opportunities to earn our customers’ trust by delivering exceptional worldwide logistics solutions while passionately valuing our co-workers, partners and communities. 

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BIGGEST POST-ROCK MUSIC FESTIVAL COMING TO ASIA NEXT MONTH

KUALA LUMPUR, Oct 30 (Bernama) -- Asia's largest post-rock music festival, the Offside Music Festival, will be held in Anji Zhejiang, on Nov 4 to 5.

A number of well-known post-rock bands, including Wang Wen, Mooncake, and April Rain, are invited to the two-day event.

According to a statement, the music festival is different from the performance lineup of the traditional music festival as it advocates for "backing to the initial music".

The goal of the music festival is to connect everyone with the sensation by music and body instead of words and to get "offside" from the status quo.

To emphasise the theme of this music festival and fuse into “natural whispers" and "instrumental resonance", the organisers deliberately selected Anji city, where is famous for the bamboo forests and white tea, and hope that every aspect of the nature and humanity will be echoed, ultimately creating a utopia, where nature, music and people coexist in harmony.

In addition to the musical performances, the organisers will establish the “Offside Community” with all participants, encompassing four main themes, namely, unity, responsibility, individuality and participation.

Moreover, it covers society, sustainable development, multiple expression, shared space, and other aspects, for building a public platform to stimulate more sensitive perception and fresh imagination of music, art, and life.

-- BERNAMA

"TWO EXPOS AND ONE EXHIBITION" UNVEILED AS YULIN SHOWCASED TO THE GLOBE A HIGH LEVEL OF OPENING-UP

YULIN, China, Oct. 30, 2023 /Xinhua-AsiaNet/--

Recently, The 15th Small and Medium Enterprises Expo (Yulin, China), The 13th China (Yulin) Traditional Chinese Medicine Expo and the 2023 China-ASEAN Expo Spices Exhibition were unveiled at the Yulin International Convention and Exhibition Center.   At the opening ceremony, the National Backbone Cold Chain Logistics Base City Interconnectivity Cooperation was launched, the Xinhua-Yulin Spice Price Indices were released, and the strategic cooperation agreements, the "Return of Yulin Businesses" project agreements and other industrial project agreements were signed, according to the Publicity Department of Yulin Municipal Government. Wang Chen, Secretary of CPC Yulin Municipal Committee, Assistant to the Minister of Coordinating Ministry for Economic Affairs of Indonesia Totok Hari Wibowo, Chae Hong-kyung, Vice Mayor of Jecheon of South Korea, and delegates from various Chinese industrial associations, commerce chambers and research institutes attended the opening ceremony and addressed the audience. Leaders and guests then jointly commenced The 15th Small and Medium Enterprises Expo (Yulin, China), The 13th China (Yulin) Traditional Chinese Medicine Expo and the 2023 China-ASEAN Expo Spices Exhibition. After the conclusion of the opening ceremony, attendees toured the venues of this year's expos and exhibition.   Themed "Big Economy for Small and Medium Enterprises, New Opportunities at the Yulin Expo", this year's Small and Medium Enterprises Expo was held in two separate venues: Yulin International Convention and Exhibition Center and Jiangnan Park. The theme of this year's China (Yulin) Traditional Chinese Medicine Expo is "Health, Development, Cooperation, Mutual Benefits", and the main venue was the Yulin Yinfeng International Traditional Chinese Medicine Port. Meanwhile, the Spice Exhibition focused on the central theme of "Spices Gather in Yulin, Fragrances Spread across the World", and the venue was Yulin International Spices Convention and Exhibition Center. In addition, a myriad of other events, like academic symposium, Yulin "Shizi Street" City Culture and Art Festival, and online expo, took place concurrently.  http://mrem.bernama.com/viewsm.php?idm=47355

KFSH&RC Unveils Innovations, Solutions At Global Health Exhibition 2023

KUALA LUMPUR, Oct 30 (Bernama) -- King Faisal Specialist Hospital and Research Centre (KFSH&RC) has participated as a strategic health partner in the Global Health Exhibition 2023, running for three days from Oct 29, in Riyadh, Saudi Arabia.

The hospital will showcase its most prominent innovations and health solutions within the framework of its strategic directions aimed at strengthening its position as a pioneer of knowledge via education, research, innovation, and providing health care with the highest levels of quality and safety.

“The Kingdom of Saudi Arabia is working to consolidate its position as a global leader in the field of innovation, fostering a dynamic ecosystem that embraces the latest technologies, supporting the future of healthcare, and establishing it as a worldwide destination,” said KFSH&RC Chief Executive Officer, Dr Majid Ibrahim Al Fayyadh.

In a statement, he stressed that the hospital’s participation in the exhibition comes in the context of its commitment to advancing innovation in the health sector from the national to the global level and supporting everything that contributes to providing the highest levels of healthcare and the best patient experience.

KFSH&RC introduces visitors of the exhibition to its various health innovations and solutions and their impact on enhancing health care outcomes and patient experience and improving operating efficiency in multiple medical fields.

Poised to exhibit its innovations and demonstrate its leadership in biomedical space research, KFSH&RC is underscored by its leadership in overseeing four research experiments in cell sciences conducted in space, solidifying the hospital's pioneering role in fostering international innovation. 

Additionally, the hospital will present its T-cell re-engineering treatment programme for cancer patients, signifying a significant enhancement in specialised medical care within the Kingdom.

This advancement also translates to reduced financial and health burdens, as patients are no longer required to seek treatment abroad.

-- BERNAMA

Yulin To Accelerate Effort Establishing Top-Notch Spice Trade And Distribution Hub

KUALA LUMPUR, Oct 30 (Bernama) -- About a thousand guests and merchants from the spice and condiment industries around China recently convened in the city of Yulin, Guangxi for the 2023 China-ASEAN Expo Spices Exhibition.

In a statement, the Publicity Department of Yulin Municipal Government said they were joined by more than 200 investors and buyers from nations such as Indonesia, Vietnam and India.

Adopting a digitised method to create the "bellwether" and "barometer" of high-quality development of the Chinese spice industry has emerged as an innovative pathway in Yulin's pursuit of "optimisation and excellence".

At the exhibition, the Xinhua-Yulin Spice Price Indices Operation Report, jointly composed by Xinhua China Economic Information Service and Yulin Municipal People's Government, was officially launched.

Guangxi region is one of China's major spice producers, while its city of Yulin has been dubbed "Capital of Medicines in the South" and "Capital of Spices in the South", serving as one of the major growers and distributors of spices in Southeast Asia.

There are more than 200 types of commonly found spices in the world, over 160 of which are traded in Yulin, whereby the varieties of spice products at the Yulin International Spice Exchange, China's biggest tier-one spice exchange, are simply astonishing.

Every day, spices worldwide are assembled here, then transported by way of logistics to various provinces, regions and municipalities throughout China, and numerous markets around Southeast Asia and Africa.

The coming into effect of the Regional Comprehensive Economic Partnership (RCEP) has made it easier for food products from the same source to clear customs, while taxes on a wide range of spice products have been lowered, further promoting the imports and exports of spices.

Following the commencement of Phase I and Phase III of the project, the Yulin International Spice Exchange is set to be renamed "Yulin International Spice Logistics Port", and Yulin will speed up its step in creating a world-class spice trade and distribution centre.

-- BERNAMA

KING FAISAL SPECIALIST HOSPITAL & RESEARCH CENTRE ACHIEVES MEDICAL MILESTONE WITH WORLD'S FIRST FULLY ROBOTIC LIVING DONOR LIVER TRANSPLANT

RIYADH, Saudi Arabia, Oct 30 (Bernama-GLOBE NEWSWIRE) -- In a historic achievement, the Organ Transplant Center of Excellence (OTCoE) team at King Faisal Specialist Hospital & Research Centre (KFSH&RC) has successfully performed the world's first fully robotic living donor liver transplant in the Kingdom of Saudi Arabia—a move that solidifies KFSH&RC's position as a global leader in minimally invasive transplant surgery.

KFSH&RC's pioneering approach employed state-of-the-art robotic technology to conduct both donor and recipient surgeries with precision and minimal invasiveness, eliminating the need for a hybrid approach. While other centres offer minimally invasive liver transplants using mixed techniques, KFSH&RC is the only centre to complete a fully robotic living donor liver transplant surgery successfully.

This accomplishment represents a significant leap forward in the history of transplantation, a testament to the centre's commitment to advanced practices that enhance healthcare outcomes, improve the patient experience, and boost hospital operational efficiency. It has also led to a reduction in the risk of complications, recovery time, and the length of hospital stays.

As a strategic health partner at the Global Health Exhibition held in Riyadh from October 29 to October 31, KFSH&RC is showcasing its latest innovations at the forum. Attendees will gain insights into the OTCoE's expertise in applying cutting-edge technologies to expand healthcare possibilities.

KFSH&RC has set records in successfully conducting reciprocal kidney transplants, a medical approach that facilitates kidney transplants between two donors from different families simultaneously. In 2022, the program achieved a remarkable milestone by completing 91 reciprocal transplants, surpassing its international counterparts.

KFSH&RC's OTCoE is a pioneer in the Kingdom, representing one of the most advanced and comprehensive facilities for multi-organ transplantation in the Middle East. Its services encompass kidney, liver, lung, pancreas, and intestine transplants, collectively called solid organ transplantation.

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2023 IPS RANKINGS: GEOPOLITICAL TENSIONS RESHAPE COUNTRIES' COMPETITIVENESS

KUALA LUMPUR, Oct 27 (Bernama) -- Two internationally known Swiss-based organisations have organised the Global Conference on National Competitiveness and Nation Brand 2023 to address the global competitiveness of a country and its criteria, among others, in the midst of geopolitical tensions.

The national competitiveness rankings of 62 economies were released at the Global Conference which was organised by the Institute for Industrial Policy Studies Switzerland (IPS-S) and the United Nations Institute for Training and Research (UNITAR), with Institute for Policy & Strategy on National Competitiveness (IPSNC) and the Institute of Nation Brand Promotion as hosts.

“We believe that the insights garnered from this conference will be invaluable to scholars, practitioners, and policymakers, offering a deeper understanding of national competitiveness and sustainable growth strategies,” said IPS-S chair and Seoul National University professor emeritus of Strategy, Dr Dong-sung Cho.

According to a statement, a nation’s competitiveness matters because it is a gauge for the sustainability of its economic growth and prosperity, while also signalling how well a nation will handle unforeseen challenges and other situations in which adaptability is required.

The two authors of the IPS national competitiveness research, Dr Cho and Dr Hwy-chang Moon explained that they could see limitations in other competitiveness ranking systems, with Dr Cho developed the “9-Factor Model” which assesses a nation on four physical factors, four human factors, and also chance events.

By analysing these elements, plus factoring in unexpected conditions or opportunities for growth, the governments of the 62 countries can understand where they stand and tailor national strategies to improve their respective rankings.

Based on its research, IPS-S and UNITAR release two national competitiveness rankings, one based on cost strategies and the other on differentiation strategies as competitiveness of countries can differ even if they have similar levels of endowed resources.

For example, Canada, Australia, the United Arab Emirates, China and New Zealand, were the top five in 2023 IPS cost strategy rankings, which refers to how well their businesses offered the best value for lowest costs while achieving corporate sustainability, growth, and a stable workforce and production.

However, according to the 2023 IPS differentiation strategy rankings, Denmark, Switzerland, the Netherlands, Finland and Singapore ranked the highest, in which differentiation refers to a nation’s businesses that offer distinctive and/or superior products with extra value and brand recognition.

According to UNITAR, IPS-S, and the Taylor Institute of Franklin University Switzerland, countries could improve their national competitiveness levels by working with other countries.

-- BERNAMA

MALAYSIA ON PAR WITH GLOBAL TOP-RANKING CANCER INSTITUTES

KUALA LUMPUR, Oct 26 (Bernama) -- Malaysia made history this month when one of its Medical Oncologist, Dr Voon Pei Jye from Sarawak General Hospital (SGH) became the first Malaysian to be invited to co-author a First-in-Human trial publication. The results of the clinical trial was presented as a late-breaking oral presentation at the AACR-NCI-EORTC International Conference 2023 in Boston. Dr Voon’s significant contribution to the First-in-Human trial led to him being named as co-author in this distinguished platform. The said trial that was recently initiated in SGH in June this year, also places SGH and Dr Voon alongside top-ranking cancer institutes globally, and this include the highly renowned Memorial Sloan Kettering Cancer Center (2^nd in global ranking) and the Dana-Faber Cancer Institute (8^th in global ranking) both located in the United States.

Dr Voon was also recognized as the Regional First Recruiter for this First-in-Human clinical trial that aims to assess the preliminary safety and anti-tumor activity of an investigational product, which is a first-in-class, KRAS^G12C inhibitor in patients with advanced solid tumors with KRAS^G12C mutations. Dr Voon attributed his success to his dedicated team of Study Coordinators, Erfan and Li Fang, as well as the Clinical Research Centre (CRC) team at SGH as they have been instrumental to the delivery of the clinical trial.
 
The progress Malaysia has made in the space of early phase clinical research is the testament to the success of Clinical Research Malaysia (CRM) Phase 1 Realization Project (P1RP), which was initiated in 2016 as a five-year plan to ensure the country’s readiness for safe and quality conduct of early phase research. The P1RP project was fully funded and executed by CRM, a corporatized site management organization that is fully owned by the Ministry of Health.
 
Many of the nation’s firsts were accomplished from this project, including the development of the Malaysia Phase 1 Clinical Trial Guidelines, establishment of a Phase 1 accredited facility in SGH and establishment of a Scientific Review Panel. CRM also sponsored the training and development of three National Pharmaceutical Regulatory Agency officers in 2017 and 2018, as well as Dr Voon Pei Jye in 2020. While the P1RP concluded in 2021 with the return of Dr Voon from his fellowship training at the Princess Margaret Cancer Center in Toronto, CRM embarked on P1RP 2.0 to further expand its investment in human capital development, particularly in training and attachment of clinical research study coordinators and clinicians in early phase centres, and attracting more early phase trials into Malaysia.
 
Clinical trials often address the unmet medical needs of patients, particularly those who have exhausted all treatment options available. It also provides patient with early access to ground-breaking and innovative treatments that otherwise would not be available in the market as it may take years before a particular drug or treatment is registered by health authorities. It is with this principle of Humanity that CRM is guided to ensure patients in Malaysia will not be left behind in the promising drug development pipelines that the rest of the world is taking part in. To date, Malaysia recorded more than 2000 sponsored research since 2012, over 2600 skilled jobs in clinical research was created, and more than RM 1 billion of gross national income generated through clinical research contract values. 

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EKIMETRICS RECOGNISED AS LEADER IN FORRESTER REPORT

KUALA LUMPUR, Oct 26 (Bernama) -- Ekimetrics, leader in data science and artificial intelligence (AI)-powered solutions, has been named a Leader in The Forrester Wave: Marketing Measurement and Optimization, Q3 2023.

In this report, Forrester ranked the top nine providers of marketing measurement and optimisation solutions based on 38 criteria divided into three categories, namely, Current Offering, Strategy and Market Presence.

Ekimetrics in a statement said it received the highest score of 5/5 in 16 criteria, including Vision; Innovation; Model Operations; Technical Talent; Consulting Talent; Marketing Strategy Consulting; Global Client Management; and Pricing flexibility and transparency.

Among other things, the Forrester report states that Ekimetrics provides an expansive service that features its One.Vision platform and an engineering- and data science-led culture.

The report also states that Ekimetrics' unique vision builds on creating an intelligent business system by providing marketers with next-generation analytics and helping them build sustainable marketing plans.

Companies that want a visionary and agile provider with strong engineering chops should shortlist Ekimetrics, according to the Forrester report.

-- BERNAMA

AM BEST AFFIRMS CREDIT RATINGS OF LABUAN REINSURANCE (L) LTD

SINGAPORE, Oct 26 (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 Labuan Reinsurance (L) Ltd (Labuan Re) (Malaysia). The outlook of these Credit Ratings (ratings) is stable.

The ratings reflect Labuan Re’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management (ERM).

Labuan Re’s balance sheet strength assessment is underpinned by its risk-adjusted capitalisation, as measured by Best’s Capital Adequacy Ratio (BCAR), which is at the strongest level at year-end 2022. The company adopts a prudent capital management approach to support risk-adjusted capitalisation at the strongest level over the medium term, along with an appropriate regulatory solvency position. AM Best views the company as having a moderate risk investment strategy with investment assets predominantly held in cash, deposits and high quality fixed-income instruments, albeit with a modest exposure to equities. Partially offsetting balance sheet strength factors include Labuan Re’s exposure to natural catastrophe risks relative to the size of its capital base, which emanates from its regional reinsurance operations and international operations through its participation in Lloyd’s syndicates.

AM Best views Labuan Re’s operating performance as adequate, with its overall earnings historically supported by robust investment returns. The company recorded an elevated average combined ratio of 105.6% over a five-year period between 2018 and 2022, primarily due to catastrophe-related losses. However, following remedial actions taken by management, the company’s underwriting performance improved in 2021 and 2022. Prospectively, AM Best expects an adequate level of operating performance to be maintained and underpinned by positive underwriting results and investment income, despite short-term volatility driven by unrealised fair value investment losses in recent periods.

AM Best assesses Labuan Re’s business profile as neutral given its position as a well-established regional non-life reinsurer. In addition, the company’s business profile continues to benefit from portfolio diversification through its participation as a corporate member in Lloyd’s syndicates. Labuan Re’s gross written premium has limited growth in recent years, partially due to a planned reduction in its participation in Lloyd’s business. However, AM Best expects the company to record moderate growth over the medium term, driven by product initiatives and its positioning in a generally hard reinsurance market. AM Best views the company’s ERM approach as appropriate given the current size and complexity of its operations.

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. 

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INTEGRATED EVACUATION EXERCISE AT PETRONAS TWIN TOWERS AND MENARA 3 PETRONAS

KUALA LUMPUR, Oct 23 (Bernama) -- We wish to notify that the PETRONAS Twin Towers and Menara 3 PETRONAS Integrated Emergency Exercise will be conducted on Monday, 23 October 2023 at 3.00 p.m. This routine exercise is conducted to ensure the safety and readiness of the tenants in case of an emergency.

This exercise will involve the total evacuation for PETRONAS Twin Towers and Menara 3 PETRONAS, using the Non-Assemble Evacuation procedure.
 
Issued by:
 
Corporate Communications       
Group Strategic Communications and Investor Relations Department
Group Strategy and Sustainability
KLCC (Holdings) Sdn Bhd 

SOURCE: KLCC (Holdings) Sdn Bhd 

FOR MORE INFORMATION, PLEASE CONTACT: 
Name: Ms Yasmin Abdullah 
Tel: 603 2783 7584 / 019 3513441 
Email: yasmina@klcc.com.my

--BERNAMA 

FLYWHEEL EMERGES AS A SINGLE, GLOBAL DIGITAL COMMERCE POWERHOUSE

KUALA LUMPUR, Oct 25 (Bernama) -- Flywheel, a trailblazing force in digital commerce, has announced the integration of 11 unique Ascential Digital Commerce brands to form a single, global brand.

Now unified as a singular, greater global entity, the company emerges more influential than ever, promising brands access to unparalleled, sustainable growth in the world's largest, most complex digital marketplaces.

Flywheel Chief Executive, Duncan Painter said the retail world is fiendishly complex and ever changing, but the goal of each brand remains the same, to use all the available data and the best technology to drive sales and scale profitably.

“With our unique capabilities and expertise, close marketplace partnerships, and unrivalled data sets, the new Flywheel empowers brands to not just adapt but thrive in the rapidly evolving digital landscape,” he said in a statement.

Among Flywheel's reinventions is that offerings have been enhanced, with comprehensive services now range from media and retail, managed and self-service to consulting and retail insights.

In terms of industry recognition, Flywheel's client list boasts over half of 2022's top 100 publicly listed CPG companies by revenue, according to Consumer Goods Technology.

Partnering with the new Flywheel has several advantages, such as efficiency in which ad optimisation powered by artificial intelligence (AI) ensures maximum reach and conversion; clarity on market trends is made possible by advanced analytics and machine learning, aiding better growth investment decisions; and simplified automation and bespoke consulting help brands navigate the intricate media landscape seamlessly.

Its repositioning is not just a brand transformation but a commitment to evolving with the fast-paced digital commerce landscape, whereby the company's dedication is evident in its leading technology and expertise, helping to manage tens of billions in product sales and billions in advertising spend annually.

Moreover, Flywheel scales to meet each client’s needs whereby solutions can be tailored from pure self-service software, to outsourced digital commerce management with dedicated experts as an extension of a client’s team, and everything in between.

-- BERNAMA

HYTERA LAUNCHES ON-DEMAND LTE MESH DEVICE FOR CRITICAL MISSIONS

SHENZHEN, China, Oct 25 (Bernama-BUSINESS WIRE) -- Hytera Communications (SZSE: 002583), a leading global provider of professional communications technologies and solutions, has recently released its latest version of broadband mesh portable device E-mesh580P, engineered to offer robust link of voice, data, and video for on-site taskforces and the command center in challenging environments devoid of access to communications infrastructure. Its versatility, usability, and portability make it an ideal on-demand communication system for critical missions of Public Protection and Disaster Relief (PPDR) agencies.

This press release features multimedia. View the full release here: 
https://www.businesswire.com/news/home/20231024682420/en/

 

Requiring no backbone infrastructure, E-mesh580P can be rapidly deployed to establish a reliable network in absence of the public network. It boasts an impressive networking capability that ranges from high throughput to stable transmission links, from relay to flexible network topologies. Leveraging 4G LTE and 5G NR technologies, E-mesh580P can form up to 32 nodes and a peer-to-peer wide-coverage network without a core node to achieve long-distance connectivity and blind area coverage.

E-mesh580P links to video equipment or dual-mode rugged radios with wired or wireless connection. It enables rescue professionals to transmit audio and video multimedia data to the command office in real time, which is vital for dealing with disasters such as wildfires, floods, and earthquakes, which usually cause damage to the power grid and communications infrastructures; the mesh devices can be a lifeline for rescue teams in this case.

E-mesh580P offers unparalleled usability with its compact and lightweight design. The device can be backpacked or easily installed on a vehicle, and allows users to quickly get vital information through the OLED display, LED indicator, or beep alert. The group voice call services enable team members to stay connected on the scene for better collaboration during deployment.

Whether in MIMO, Conventional, or Carrier Aggregation modes, E-mesh580P has a strong anti-interference capability to cope with different electromagnetic environments. Therefore, it delivers reliable connectivity regardless of the location and environment.

For more information about Hytera E-mesh580P Broadband Mesh Device, please visit: E-mesh580P Broadband Mesh Portable Device - Hytera.

About Hytera

Hytera Communications Corporation Limited (SZSE: 002583) is a leading global provider of professional communications technologies and solutions. With voice, video, and data capabilities, Hytera provides faster, safer, and more versatile connectivity for business and mission-critical users. Hytera makes the world more efficient and safer by enabling its customers to achieve more in both daily operations and emergency response. 

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FPT-Landing AI Partnership To Advance AI Development, Education

KUALA LUMPUR, Oct 24 (Bernama) -- Global technology firm headquartered in Vietnam, FPT and Landing AI, the United States’ (US) leading computer vision platform and artificial intelligence (AI) software company, announced a strategic relationship that will drive the application and education of AI.

The partnership, inaugurated at the FPT Techday 2023 event in Hanoi, Vietnam, sees FPT becoming one of Landing AI’s major investors and a strategic partner in Asia Pacific, and is expected to mark important advancement in AI collaboration between Vietnam and the US.

FPT Chairman Dr Truong Gia Binh said this collaboration will open up a new era for AI development in Vietnam and bring new opportunities for the country’s future generations to excel in high-tech fields.

“AI is also one of key areas of cooperation between Vietnam and the United States. I believe FPT - Landing AI partnership marks an important step forward in this collaboration between the two nations,” he said in a statement.

Meanwhile, Landing AI Founder and Chief Executive Officer, Dr Andrew Ng said: “I am impressed by the vision and capabilities of FPT in solving complex industry challenges through technology, as well as FPT’s commitment to education.

“FPT not only demonstrates its expertise but highlights Vietnam's potential as a growing digital hub. There is tremendous optimism about what we could achieve together for the future generations driven by AI innovations.”

To promote the application of AI, FPT and Landing AI will explore and develop untapped market opportunities through specific projects, such as implementing computer vision solutions, as well as leveraging Landing AI’s strong experience in the North American market and FPT’s broad network in the Asia Pacific region.

This plan builds on an earlier agreement between Landing AI and FPT’s subsidiary FPT Software initiated in 2022 to leverage their relative AI expertise to deploy end-to-end visual inspection solutions across Asia.

In addition, FPT Software and Landing AI will explore the potential of opening a dedicated engineering centre in Vietnam to develop high-quality workforce in AI and create job opportunities for both companies.

At the same time, Dr Ng who is also Time Magazine’s Top 100 Most Influential People in AI, will collaborate with FPT Education, a private, industry targeted education system, as advisor in AI development to create a comprehensive AI curriculum for students from grade one to grade 12.

-- BERNAMA

AMARI JOHOR BAHRU REVOLUTIONIZES WEDDING PLANNING WITH EXCLUSIVE PARTNERSHIPS

A collaborative effort featuring 8 different services for seamless wedding planning and management

JOHOR BAHRU, Malaysia, Oct 24 (Bernama) -- In an effort to bring forth seamless wedding planning and management, Amari Johor Bahru proudly announces a collaboration that brings together 8 esteemed wedding service providers, creating a unique experience that combines convenience, class, and personalized services.
 
The partnership showcases a selection of industry-leading wedding service providers, including specialists in decoration, photography, music, attire, and more. Among the esteemed partners are Regalia Weddings, renowned for their exquisite decor; Esme One, a leader in the popular 360-degree photo booth experience; Wajie Ibrahim, offering exceptional wedding garments; MyWeddingTalks, experts in decorative arrangements; Julius Ng, a distinguished name in photography; Flo Rhythm, a premier band for live entertainment; H Gallery, providing premium bridal wear and photography services; and Henna by Shina, offering intricate henna artistry.
 
Running from now until the end of December, this partnership allows couples to secure their wedding dates well into the following year, ensuring flexibility and peace of mind.
 
Ms. Pauline Chua, General Manager of Amari Johor Bahru, shared her enthusiasm, stating, "Our goal is to provide couples with an all-encompassing wedding solution that reflects their individual style and vision. This partnership showcases our dedication to excellence by presenting couples with a curated selection of top-tier wedding services."
 
This strategic collaboration positions Amari Johor Bahru as a “one-stop hub” of premium wedding services in the Johor Bahru region. By bringing together the best of wedding service providers under one roof, the partnership paves the way for stress-free planning and management. Alongside personalized wedding experiences, couples are also presented with a variety of attractive package prices to suit their unique needs, starting from as low as RM85.00.

For inquiries and bookings, couples can directly contact Amari Johor Bahru via WhatsApp at +60 16-776 8465 or email johorbahru@amari.com.  

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INVEST SELANGOR BERHAD AND UNIVERSITI PUTRA MALAYSIA (UPM) SIGN MOU TO ADVANCE SELANGOR'S BIOTECHNOLOGY LANDSCAPE

Towards Selangor's vision as a preferred regional biotechnology hub 
 

KUALA LUMPUR, Oct 24 (Bernama) -- In a significant development at the 7th Selangor International Business Summit (SIBS), Invest Selangor Berhad and Universiti Putra Malaysia (UPM) officially signed the Memorandum of Understanding (MoU), solidifying their commitment to advancing Selangor's biotechnology sector.
 
This MoU highlights a collaborative effort to propel Selangor's biotechnology vision and is inspired by the Selangor Biotechnology Action Plan (SBAP). The SBAP, a cornerstone initiative of Invest Selangor Berhad, serves as a comprehensive roadmap for enhancing the biotechnology industry in Selangor, with a focus on the medical and healthcare biotechnology, agriculture biotechnology, and industrial and environmental biotechnology subsectors.
 
The MoU encompasses promoting the biotechnology sector, enhancing ecosystem development through fostering academic and research collaborations, facilitating knowledge transfer and expertise sharing, and developing a skilled workforce. This landmark collaboration is poised to play a pivotal role in positioning Selangor as an attractive investment destination for those looking to enter the thriving biotechnology landscape.
 

The MoU exchange, between YBhg. Dato’ Hasan Azhari Hj Idris, CEO of Invest Selangor and YBhg. Prof. Dr. Ismi Arif Ismail, Deputy Vice-Chancellor (Academic and International) of UPM, witnessed by YB Ng Sze Han, Exco Investment, Trade and Mobility.
 
This pivotal moment underscores the shared commitment to Selangor's biotechnology sector. As the MoU exchange takes place, it signifies a significant step towards strengthening the position in biotechnology within the ASEAN region and globally. Together, we are shaping a brighter future for innovation, business, and investment.

About Invest Selangor Berhad:
 
Invest Selangor Berhad (ISB) is the state government agency responsible for promoting and facilitating investment in Selangor, Malaysia. With its commitment to providing investors with the ease of doing business, ISB ensures investors have a hassle-free investment journey. The agency offers a comprehensive suite of services, including site selection assistance, investment facilitation, and aftercare services. ISB is dedicated to providing investors with a conducive business environment, which includes streamlined procedures, efficient services, and access to industry insights and networks. This commitment to investor ease of mind has made Selangor an attractive investment destination for local and foreign investors. With ISB's support, investors can focus on their business operations and leave the administrative matters to the agency, giving them the peace of mind they need to grow their investments in Selangor. 

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ATOZERO ASEAN 2023 A STELLAR SUCCESS

Zero Club A Hit with Net Zero Leaders                           

KUALA LUMPUR, Oct 23 (Bernama) -- The recently held AtoZero (Accelerate to Net Zero) ASEAN Summit & Exhibition, co-organised by Constellar and the Malaysian Green Technology and Climate Change Corporation (MGTC), powered by clean energy solutions provider, Gentari, successfully attracted over 2,400 participants including policymakers, CEOs, think-tank leaders and key stakeholders from across the region to engage in dialogue, explore investment opportunities and drive innovation around the region’s net zero pathways.

Co-located and held concurrently with the International Greentech & Eco Products Exhibition & Conference Malaysia (IGEM) 2023, AtoZero ASEAN attracted the top-brass from PETRONAS, Gentari, Indian Renewable Energy Development Agency (IREDA), International Gas Union, Tenaga Nasional Berhad, Rystad Energy, Solarvest, Sumitomo Mitsui Banking Corporation, Bursa Malaysia, Pertamina, Chevron, ASEAN Centre for Energy, Aboitiz Power and UN Global Impact.

Constellar’s Senior Vice President, International & Business Development, Mel Shah said, “Our arduous efforts leading up to AtoZero ASEAN have been fruitful and I am truly pleased by the impact the event has created among the who’s who in the net zero value chain. Enthused by this, we are already preparing for the next event in the series in India and China – the economic powerhouses that are equally committed to climate action. We will ride this momentum to create an even more dynamic AtoZero ASEAN 2024 as we pave the way for leadership dialogues, investments and innovations to accelerate the region’s net zero pathways.”

AtoZero ASEAN examined the outlook and challenges faced by Asia’s energy sector in meeting the region’s net zero transition commitments and through a series of panel discussions with regional experts and business leaders showcasing their experiences, insights and perspectives on the potential multi-billion dollar business opportunities that the transition offers. 

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AM BEST AFFIRMS CREDIT RATINGS AND ASSIGNS NATIONAL SCALE RATING TO THE NEW INDIA ASSURANCE COMPANY LIMITED

SINGAPORE, Oct 23 (Bernama-BUSINESS WIRE) -- AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb+” (Good) of The New India Assurance Company Limited (New India) (India). Additionally, AM Best has assigned the India National Scale Rating (NSR) of aaa.IN (Exceptional) to New India. The outlook of these Credit Ratings (ratings) is stable.

The ratings reflect New India’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, favourable business profile and marginal enterprise risk management (ERM). In addition, the ratings factor in the neutral impact from New India’s ultimate majority ownership by the Government of India.

New India’s balance sheet strength assessment is underpinned by its risk-adjusted capitalisation, which remained at the strongest level in fiscal-year 2023, as measured by Best’s Capital Adequacy Ratio (BCAR). AM Best views the company’s investment portfolio to have moderate risk. Although a large portion of investments are held in domestic government and corporate bonds, which are well-rated on the local scale, the balance sheet remains subject to volatility arising from the company’s allocation to domestic equity investments. The majority of New India’s reinsurance assets are of good credit quality, notwithstanding that the company maintains a reinsurance counterparty concentration to the domestic reinsurer, General Insurance Corporation of India (GIC e).

New India’s operating performance is assessed as adequate. The company has reported positive operating results on a consolidated basis over the last five years, with an average return-on-equity ratio of 2.7% (fiscal years 2019–2023). In the fiscal year ending 31 March 2023, the company reported improved underwriting losses due to the reduction in COVID-19 health claims and the remediation action taken by New India. This was partially offset by a higher loss ratio of motor insurance and adverse development of prior year claims in crop insurance and foreign catastrophe losses. Robust investment incomes, including interest and dividend incomes, as well as realised gains from the sale of equity investments, provides a sizable contribution to overall earnings. AM Best expects challenging market conditions to constrain the company’s underwriting results over the medium term, albeit overall operating results are expected to remain profitable.

New India’s favourable business profile assessment reflects its market position as the largest non-life insurer in India by gross premiums written. The company’s underwriting portfolio is moderately diversified by lines of business and distribution channels, although with an elevated concentration in health insurance. International geographical diversification is supported by the company’s overseas operations, through its foreign branches, agency offices and subsidiaries. The domestic market continues to present significant growth opportunities for New India, although AM Best considers high market competition, particularly in the health and motor businesses, to be an offsetting factor.

New India’s ERM is assessed as marginal given that the profile of some key risks exceeds the company’s risk management capabilities and the ERM framework continues to evolve. The company’s audited financial statements have been qualified for several years as a result of internal control weakness in the reconciliation of certain items and accounts. Whilst New India is progressing on strengthening internal controls and has partially addressed some audit matters, inadequate resolution of audit matters has impacted the company’s financial reporting quality over a number of years. Elevated concerns persist over New India’s pricing discipline and underwriting risk management given the level of ongoing underwriting losses and the competitive market environment. Overall, whilst New India continues to take actions aimed at strengthening its ERM, there remains a gap between the company’s ERM framework and the global standards for an organisation of its scale.

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. 

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TOP 10 FINALISTS FROM ITEC 2023 SOUTH EAST ASIA EDITION PREPARE FOR BEIJING GRAND FINALS WITH ELITE MENTORSHIP

 

KUALA LUMPUR, Oct 20 (Bernama) -- The International Technology and Entrepreneurship Competition (ITEC) 2023 – Southeast Asia Edition competition proudly announces its top 10 finalists after 4 selection rounds that attracted participants from different countries.
 
The impressive roster of finalists includes:

· ChargeHere EV Solution Sdn Bhd
· CheckinMe Cambodia
· Ever AI
· Global Track
· MHub
· Mitoworld
· MyCRS Sdn Bhd
· PLCC Holdings Sdn Bhd
· SS Rover
· Terra Phoenix

From the list of finalists, at least 5 companies will be selected to compete on the global stage at the world grand finals in Beijing this 23rd November 2023.
 
To further bolster their preparations, these finalists will undergo a comprehensive mentorship program every week, guided by over 20 esteemed judges drawn from various industry domains, including Adj. Prof. Dr. Behrang (Hani) Parhizkar from academic and business transformation; venture fund leaders such as Ernie Chen, Fred Woo, Wan Fara Ayu, Elain Lockman and Alvin Lai. 

One such luminary, Lee Willson of the World Blockchain Foundation, insightfully remarked, “To build a dream you must 1st build a team. To chase a dream, you must then build up steam.”
 
“Our finalists not only exemplify innovation but also the relentless spirit of entrepreneurship. Under the guidance of such seasoned mentors, we are excited to see how they elevate their game for the world finals,” commented Ian Thai, ITEC SEA Edition Organising Chairperson.
 
A heartfelt token of gratitude goes to Asia Pacific University of Technology and Innovation (APU) for its generous venue sponsorship, setting the stage for technological brilliance. We also extend our sincere thanks to our invaluable partners: Malaysia Autonomous Intelligence & Robotics Association (MyAIRA), TusStar Malaysia, Malaysian Business Angel Network, Malaysia Proptech Association as well as country partners; Sabay, E3Hubs, Capitalise Venture, VBS Consulting and Investment. Academic Partners include Infrastructure University and MU Lab.

The road to Beijing is paved with passion, innovation, and unyielding determination. As our finalists prepare to represent Southeast Asia, they hold with them the collective dreams of a region fervently rooting for their success. There is a RMB 25 million cash prize awaiting top 30 winners in Beijing, where they will pit against finalists from Europe, US, South America and Greater China.
 

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STEEL DECARBONISATION TO REDEFINE SUPPLY CHAINS BY 2050

Wood Mackenzie report says new metallic hubs will emerge as steel industry accelerates carbon abatement efforts

LONDON and HOUSTON and SINGAPORE, Oct 19 (Bernama-GLOBE NEWSWIRE) -- According to the latest Horizons report from Wood Mackenzie, the steel industry is set to undergo a significant transformation as decarbonisation efforts accelerate. Titled Metalmorphosis: how decarbonisation is transforming the iron and steel industry the report highlights the emergence of new metallic hubs and the reshaping of steel production and global trade patterns.

Wood Mackenzie's latest report says electric-arc furnace (EAF) technology, increased use of green feedstock, and evolving carbon policies will play a crucial role in this transformation. Low-carbon intensive EAF production accounts for 28% of global steel output, projected to rise to 50% by 2050. An investment of US$130 billion will be required to achieve this goal.

The shift towards less carbon-intensive steel will drive the demand for greener feedstocks such as DRI (Direct Reduced Iron) and high-grade scrap. Wood Mackenzie predicts that the share of these feedstocks in total metals demand will increase from 36% to 54% by 2050, leading to new production, processing, and trading hubs for low-carbon iron and scrap.

DRI production and trade rise will create investment and revenue generation opportunities across the value chain. Wood Mackenzie forecasts a doubling DRI capacity within 30 years, requiring an estimated US$80 billion investment. This projection does not include potential investments in green hydrogen, smelters for low-grade DRI, pellet hubs, and shipping.

Wood Mackenzie indicates that the location of new green Direct Reduced Iron (DRI) centres will be determined based on their proximity to low-carbon hydrogen production. This is particularly important given the uncertainties surrounding the transportation and storage of traded hydrogen. The Middle East and Australia are well-positioned to take advantage of this opportunity, and the number of projects in these regions is increasing.

Quality will take precedence over quantity as the cost of lower-carbon steel rises. In markets with high carbon prices, importing green DRI to manufacture low-carbon steel using EAFs will become more favourable than importing finished steel from emissions-intensive producers like China and India.

Decarbonising the iron and steel industry, which currently accounts for approximately 8% of global carbon emissions, is a challenging but achievable goal. With the right levels of investment and policy support, this transformation has the potential to redefine trade patterns and the value chain.

Editor’s notes: 
Read more information here. To request the report and arrange an interview with the authors, please contact Wood Mackenzie’s media relations team.

About Wood Mackenzie
Wood Mackenzie is the global insight business for renewables, energy and natural resources. Driven by data. Powered by people. In the middle of an energy revolution, businesses and governments need reliable and actionable insight to lead the transition to a sustainable future. That’s why we cover the entire supply chain with unparalleled breadth and depth, backed by over 50 years’ experience in natural resources. 

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GAP INC., CARGILL, AND GSK JOIN THE WATER RESILIENCE COALITION AND WATERAID TO IMPROVE ACCESS TO WATER IN INDIA AS PART OF THE COALITION'S 2030 100-BASIN PLAN

New York, New York, Oct 18 (Bernama-GLOBE NEWSWIRE) -- The Water Resilience Coalition (WRC), an industry-driven, CEO-led initiative convening global companies to address the global water crisis, today announced the launch of the Women + Water Collaborative, a flagship corporate collective action program to improve access to clean water and sanitation in India.

Gap Inc., Cargill, and GSK, in partnership with WaterAid and the Water Resilience Coalition, are launching the initiative to improve health, livelihoods, and climate resilience in water-stressed communities in India, beginning with the Krishna and Godavari basins. The WRC is an initiative of the CEO Water Mandate, a partnership between the UN Global Compact and the Pacific Institute.

This marks the first time that companies from different sectors spanning apparel, biopharma, and agriculture have united with shared goals, metrics, and governance to provide access to clean water and sanitation in the same communities. The Collaborative builds on the success of the previous USAID Gap Inc. Women + Water Alliance, which empowered over 2.4 million people to improve their access to water and sanitation in India between 2017 and 2023. This is one of 21 collective action projects in 15 basins underway across Asia, Africa, South America, and North America as part of the Water Resilience Coalition’s 2030 ambition to build water resilience across 100 Priority Basins.

The Women + Water Collaborative will improve the availability and quality of water in priority river basins through water replenishment and conservation using methods such as rainwater harvesting. It will provide communities with safe drinking water and climate-resilient sanitation and hygiene infrastructure and services. Although women in rural India play a crucial role in water collection and use, their participation in decision-making around water resources remains low. This program will leverage women’s leadership to build water resilience, improve water security, and enable equitable access to water and sanitation for communities at scale. 

"As part of the Forward Faster Water Resilience Target and as members of the Water Resilience Coalition, the companies involved in this initiative have joined an alliance that thrives on collaboration and collective action. This cooperation will play a key role in achieving the WRC's ambitious goals outlined in its 2030 strategy," said Sanda Ojiambo, CEO and Executive Director of the United Nations Global Compact and Co-Chair of the Water Resilience Coalition.

"The Women + Water Collaborative builds on Gap Inc.’s history of designing innovative programs with nonprofits and the public sector, and then convening corporate partners to drive sustainability at scale,” said Dan Fibiger, Head of Global Sustainability for Gap Inc. “By joining across food, fashion and biopharma, we can drive meaningful impact in communities that fuel our global supply chains.”

“Water is essential for human health, as well as for the ongoing production of our medicines and vaccines,” said Claire Lund, VP Sustainability at GSK. “Yet climate change and nature loss are impacting water and health in locally specific ways – with some countries being more vulnerable. That’s why we are focused on water as part of our commitment to contributing to a nature positive world. We are proud to be a founding partner of the Women + Water Collaborative to improve water quality, quantity, and access in India, in turn helping to support local community health.”

This flagship collective action program demonstrates tangible progress toward the Water Resilience Coalition’s ambition to contribute to water security for 3 billion people and enable equitable access to water, sanitation, and hygiene for more than 300 million people by 2030.

“We know that reliable access to clean water and sanitation is essential for people and agriculture. At Cargill, we are focused on improving access to safe drinking water and sanitation, with the goal of reaching 500,000 people in priority communities by 2030,” said Michelle Grogg, Vice President of Corporate Responsibility at Cargill. “Partnership and collective action are a critical pathway to help us deliver on this ambition and we’re pleased to be a participating company in the Women + Water Collaborative.”

WaterAid will launch the program in five Indian states and six priority districts. The NGO is keen to bring on additional corporate partners to expand the reach.

“Our impact is limited only by the number of corporate partners we are able to bring on,” says Kelly Parsons, CEO of WaterAid America. “We know that solving the water crisis is a business imperative. We also know that none of the sustainable development goals will be achieved without global collaboration and partnership. By coordinating large, multi-stakeholder partnerships, we create holistic impact, at scale. That's the power of collective action."

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About the Water Resilience Coalition 

The Water Resilience Coalition is an industry-driven, CEO-led initiative of the CEO Water Mandate that aims to elevate the long-term mounting crisis of global water stress to the top of the corporate agenda and to preserve the world’s freshwater resources through collective action in water-stressed basins and ambitious, quantifiable commitments. Since the Coalition’s launch in 2020, 35 global companies across multiple sectors with a combined market cap of US$4.8 trillion and operations in more than 140 countries have joined the effort. For more information, visit ceowatermandate.org/resilience. 


About the Pacific Institute 

Founded in 1987, the Pacific Institute is a global water think tank that combines science-based thought leadership with active outreach to influence local, national, and international efforts in developing sustainable water policies. From working with Fortune 500 companies to frontline communities, our mission is to create and advance solutions to the world’s most pressing water challenges. Since 2009, the Pacific Institute has also acted as co-secretariat for the CEO Water Mandate, a global commitment platform that mobilizes a critical mass of business leaders to address global water challenges through corporate water stewardship. For more information, visit pacinst.org. 


About the UN Global Compact 

As a special initiative of the United Nations Secretary-General, the UN Global Compact is a call to companies worldwide to align their operations and strategies with Ten Principles in the areas of human rights, labour, environment and anti-corruption. Our ambition is to accelerate and scale the global collective impact of business by upholding the Ten Principles and delivering the Sustainable Development Goals through accountable companies and ecosystems that enable change. With more than 18,000 companies and 3,800 non-business signatories based in over 101 countries, and 62 Local Networks, the UN Global Compact is the world’s largest corporate sustainability initiative—one Global Compact uniting business for a better world.  

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