WESTCHESTER, Ill., Aug 2 (Bernama-GLOBE NEWSWIRE) -- Ingredion Incorporated (NYSE: INGR), a leading global provider of ingredient solutions to diversified industries, today reported results for the second quarter 2019. The results, reported in accordance with U.S. generally accepted accounting principles (“GAAP”) for 2019 and 2018, include items that are excluded from the non-GAAP financial measures that the Company presents.
“During the second quarter, we experienced foreign exchange impacts and rapidly changing raw material markets. Our teams have taken aggressive pricing actions to mitigate foreign exchange impacts. We experienced an increase in the net cost of corn in North America due to continued crop inventory imbalances arising from the U.S./China trade dispute. We are closely monitoring raw material markets and selectively capitalizing on opportunities to partially offset the higher cost of corn,” said Jim Zallie, Ingredion’s president and chief executive officer.
“As a result of the actions we took to accelerate our Cost Smart savings program, we now expect to deliver $30 million to $40 million of 2019 year-end cumulative run-rate savings, an increase from the $24 million to $34 million of savings previously anticipated.”
http://mrem.bernama.com/viewsm.php?idm=35138
Friday, 2 August 2019
CHINESE MARTIAL ARTS LEGEND'S HOMETOWN ATTRACTS AFRICAN PRACTITIONERS
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| The latest martial arts training class, organized by the Ministry of Culture and Tourism, kicked off in Tianjin Huo Yuanjia Civil and Military School on July 24. |
Eighteen students from six African countries including Zambia, Sao Tome and Principe, Liberia, Equatorial Guinea, Kenya and Zimbabwe became students of the latest martial arts training class in the Xiqing District of north China's Tianjin, also known as the hometown of legendary martial arts master Huo Yuanjia. Organized by the Ministry of Culture and Tourism, the class kicked off in Tianjin Huo Yuanjia Civil and Military School on July 24, according to the publicity department with Xiqing District, Tianjin.
During the three-month study in the district, these African students will take lessons about China's traditional culture in addition to martial arts training. Courses including Chinese calligraphy, Yangliuqing folk painting, paper folding and paper-cutting, and basic Chinese will help them understand Chinese culture.
Tianjin Huo Yuanjia Civil and Military School has been supporting the ministry's African culture project by sending selected martial arts teams to South Africa, conducting exchanges and performances in countries including Tanzania, Namibia, Mauritius, Seychelles and Zimbabwe. The African students martial arts training class, first launched in 2013, has trained nearly 200 foreign martial arts students in six years. The project, designed to promote friendship via martial arts, provides a platform for martial arts learners from all over the world for exchanges and improvement. It has built a new bridge for cultural exchanges between China and Africa as well as facilitating cross-border cultural exchanges.
Source: The Publicity Department with Xiqing District, Tianjin
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--BERNAMA
AgroSavfe secures 35 million Euro in Series C financing
KUALA LUMPUR, July 31 (Bernama) -- AgroSavfe NV, a Belgium-based company developing a new generation of safe and effective bio-controls has announced the closing of a Series C financing round.
All existing investors participated in this 35 million Euro Series C financing round, joined by a new investor, Ackermans & van Haaren, investing 10 million Euro. (1 Euro=RM4.60)
Local and international investors include Gimv, Sofinnova Partners, PMV, Agri Investment Fund, K&E, Biovest, Madeli Participaties, Vlaams Instituut voor Biotechnologie (VIB) and Qbic.
The funds will be primarily used for the development, registration and commercial scale production of AgroSavfe’s bio-fungicide and bio-insecticide products, as well as to strengthen the company’s organisation.
The first bio-fungicide is scheduled to be launched in 2022 in the fruit and vegetables market in the United States, immediately followed in Europe and other regions.
In addition, the funds will support the accelerated development of the innovative pipeline with applications in critical food and crop pests and diseases.
AgroSavfe’s solutions benefit the environment while adding more value to the farmers’ produce and meeting consumer demand for healthier food.
Beyond the field, AgroSavfe’s product candidates also demonstrated strong impact on food protection and quality along the value chain, providing new solutions to reduce food loss.
-- BERNAMA
Circle CEO testifies before Senate Banking Committee on crypto regulations
KUALA LUMPUR, July 31 (Bernama) -- Circle chief executive officer (CEO), Jeremy Allaire, the lone crypto-industry representative, testified before the Senate Committee on Banking, Housing and Urban Affairs during a hearing.
In a statement, the world’s most regulated crypto company said the hearing was titled, Examining Regulatory Frameworks for Digital Currencies and Blockchain.
Allaire has provided expert testimony on cryptocurrencies and digital assets before the US Senate Committee on Homeland Security & Government Affairs.
He has also provided testimony and policy recommendations at the highest levels inside of key financial regulatory and law enforcement agencies across the United States, the United Kingdom, Europe and Asia.
Allaire frequently participates in international fora focused on the future of the international monetary and economic system.
-- BERNAMA
PUTRA BUSINESS SCHOOL RESEARCH COLLOQUIUM 2019 (PURE) DEMONSTRATES STUDENTS DILIGENCE
SERDANG, July 31 (Bernama) -- Putra Business School (PBS) successfully hosted its annual conference, Putra Business School Research Colloquium 2019 (PURE) on 26th June 2019 recently at Office Building of the Deputy Vice Chancellor (Research & Innovation) UPM Serdang, Selangor. The invited keynote speaker, YBhg Prof. Dato' Dr. Kamaruzaman Jusoff addressed on "Research and Publications: Their Impact on the Academic Development, Organisations and Society". There were 60 participants of PBS Thesis-Based students showcased their significant work.
The wide range of topics brought together all participants and has proven their strategies learned from their research. PURE witnessed the closing ceremony with the presentation of Outstanding Award and Best Award Presenters. Mr. Andrew Saw Tek Wei, PhD (Finance) Mr Md. Uzir Hossain, PhD (Marketing), Ms Ghazala Khan and Ms. Tan Fee Cheng, PhD (Management). With this recognition, it is hoped that future students would emulate such exceptional achievement and overcoming hurdles as doctorate researchers contribute greatly to students’ lifetime experience.
ABOUT PUTRA BUSINESS SCHOOL
Putra Business School (PBS) was formerly known as the Graduate School of Management (GSM), Universiti Putra Malaysia (UPM). It is a leading business school in Malaysia and the first post-graduate business school accredited by AACSB - The Association to Advance Collegiate Schools of Business. Only fewer than 5% of business schools worldwide have these accreditation. PBS is also accredited by ABEST21 (The Alliance on Business Education and Scholarship for Tomorrow, a 21st Century Organisation). All programmes offered by PBS are accredited by the Malaysian Qualifications Agency (MQA) and approved by the Ministry of Higher Education.
The academic programmes offered by PBS include MBA (General Management), MBA (Corporate Governance) in collaboration with Malaysian Institute of Chartered Secretaries and Administrators (MAICSA), MBA (Marketing) in collaboration with Institute of Marketing Malaysia, MBA (Human Potential Management) in collaboration with Malaysian Institute of Human Resource Management, MBA (Finance), MBA (International Business), specialised Master of Science (MSc) and Doctor of Philosophy (PhD).
The value added into students’ qualifications is also enhanced by the recent collaboration with a professional body, the Chartered Management Institute (CMI). The CMI is an accredited professional institution for management, based in United Kingdom. This will create impact to graduates with added professional associateship. PBS has also formalized collaboration with Finance Accreditation Agency (FAA). This FAA is supported by the Central Bank of Malaysia and as such the quality of professional learning in the financial services industry will be well-monitored.
The programmes offered by PBS are designed to nurture its students to become leaders with human governance values and principles. PBS also engages in research, consultancy and business development activities. For more information, please visit our website at http://www.putrabusinessschool.edu.my.
Source: Putra Business School (PBS)
http://mrem.bernama.com/viewsm.php?idm=35101
The wide range of topics brought together all participants and has proven their strategies learned from their research. PURE witnessed the closing ceremony with the presentation of Outstanding Award and Best Award Presenters. Mr. Andrew Saw Tek Wei, PhD (Finance) Mr Md. Uzir Hossain, PhD (Marketing), Ms Ghazala Khan and Ms. Tan Fee Cheng, PhD (Management). With this recognition, it is hoped that future students would emulate such exceptional achievement and overcoming hurdles as doctorate researchers contribute greatly to students’ lifetime experience.
ABOUT PUTRA BUSINESS SCHOOL
Putra Business School (PBS) was formerly known as the Graduate School of Management (GSM), Universiti Putra Malaysia (UPM). It is a leading business school in Malaysia and the first post-graduate business school accredited by AACSB - The Association to Advance Collegiate Schools of Business. Only fewer than 5% of business schools worldwide have these accreditation. PBS is also accredited by ABEST21 (The Alliance on Business Education and Scholarship for Tomorrow, a 21st Century Organisation). All programmes offered by PBS are accredited by the Malaysian Qualifications Agency (MQA) and approved by the Ministry of Higher Education.
The academic programmes offered by PBS include MBA (General Management), MBA (Corporate Governance) in collaboration with Malaysian Institute of Chartered Secretaries and Administrators (MAICSA), MBA (Marketing) in collaboration with Institute of Marketing Malaysia, MBA (Human Potential Management) in collaboration with Malaysian Institute of Human Resource Management, MBA (Finance), MBA (International Business), specialised Master of Science (MSc) and Doctor of Philosophy (PhD).
The value added into students’ qualifications is also enhanced by the recent collaboration with a professional body, the Chartered Management Institute (CMI). The CMI is an accredited professional institution for management, based in United Kingdom. This will create impact to graduates with added professional associateship. PBS has also formalized collaboration with Finance Accreditation Agency (FAA). This FAA is supported by the Central Bank of Malaysia and as such the quality of professional learning in the financial services industry will be well-monitored.
The programmes offered by PBS are designed to nurture its students to become leaders with human governance values and principles. PBS also engages in research, consultancy and business development activities. For more information, please visit our website at http://www.putrabusinessschool.edu.my.
Source: Putra Business School (PBS)
http://mrem.bernama.com/viewsm.php?idm=35101
Sanofi records solid growth in Q2 with net sales Euro 8,628 million
KUALA LUMPUR, July 29 (Bernama) -- Sanofi has delivered solid growth in Q2 2019 driven by Sanofi Genzyme, Sanofi Pasteur and Emerging Markets with net sales of €8,628 million, an increase of 5.5 per cent on a reported basis. (€1 = RM4.59)
The company has reported that Sanofi Genzyme sales were up 21.8 per cent due to the strong launch performance of Dupixent®, while vaccine sales increased 24.7 per cent, mainly reflecting the recovery and growth of Pentaxim® in China and low basis for comparison.
Its business net income in the same quarter also recorded an increase of 5.3 per cent to €1,641 million, according to a statement.
“Our increased focus in R&D delivered important results with several positive data read-outs and the achievement of regulatory milestones,” said Sanofi chief executive officer, Olivier Brandicourt.
“We are confident in the growth outlook for the year. Consequently, we have revised upward our guidance for full-year business EPS growth to approximately five per cent.”
Sanofi has also achieved several key regulatory milestones in R&D, including Isatuximab accepted for review by the FDA and EMA for approval in relapsed/refractory multiple myeloma and Libtayo® approved for advanced cutaneous squamous cell carcinoma in the EU.
The company has also collaborated with Google to establish a new virtual Innovation Lab, aiming to transform how future medicines and health services are delivered by tapping into the power of emerging data technologies.
For more information, contact https://www.sanofi.com.
-- BERNAMA
Thursday, 1 August 2019
YOOZOO Games fuels fight against hunger to support World Food Programme
KUALA LUMPUR, July 29 (Bernama) -- In support of the World Food Programme’s (WFP) fight against hunger in some of the world’s most vulnerable regions, YOOZOO Games will host a week of gaming marathon, beginning Aug 12.
By participating, gaming fans will get to enjoy exclusive gameplay features and events during the week-long initiative and able to help raise crucial funding for WFP, according to a statement.
“For 10 years, we’ve been incredibly fortunate to bring simple joy to millions of people around the world, through video games. This year, we want to push the boundaries even further and help provide urgent support to those who truly need it the most,” said YOOZOO Games.
The premise is simple: the more you play, the more YOOZOO donates. #GTarcadeHungerHeroes is a call from GTarcade to experience, share and make more people aware of the existence of hunger.
For the GTarcade marathon, YOOZOO has set up a team in the WFP app, ShareTheMeal. All funds raised in the #GTarcade team will go towards operations supported by the ShareTheMeal app.
Participants are also able to get involved in GTarcade’s Hunger Heroes event and help raise money by tweeting a picture with a smile and hashtag #GTarcadeHungerHeroes. For every tweet sent, YOOZOO Games will donate one meal ($0.50) to WFP.
YOOZOO Games is a global entertainment company specialising in game development and distribution. For more information, visit https://pact.gtarcade.com or http://www.yoozoo.com.
-- BERNAMA
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