Thursday, 11 June 2020

Teledyne Princeton Instruments' Raman spectrometer ideal for biology, medical research, life science

KUALA LUMPUR, June 10 -- Teledyne Princeton Instruments has introduced its new TPIR-785 Raman spectrometer, a fully integrated system that leverages leading-edge spectrograph and camera technologies to optimise performance in the near-infrared (NIR) region.

The TPIR-785 is an ultra-high-sensitivity spectrometer for NIR Raman spectroscopic application areas such as biology, medical research and life science where NIR excitation lasers (785 nm and 830 nm) are preferred for their low fluorescence and deeper penetration depth when measuring biological tissues.

This new system utilises an f/2 spectrograph with custom-designed lens optics to provide the highest light throughput and imaging quality in the NIR spectral range, according to a statement.

“The underlying technologies in TPIR-785 are already proven in cutting edge research, including cancer diagnostics, non-invasive glucose monitoring and cell cytology. We are confident that the integrated TPIR-785 system will enable more researchers to achieve further breakthroughs in these areas,” said Product Manager, Dr Peng Zou.

The TPIR-785 Raman system uses a proprietary CCD that delivers unmatched NIR quantum efficiency (greater than 70 per cent at 1,000 nm). The system includes Teledyne Princeton Instruments’ renowned LightField® imaging and spectroscopy software.

A powerful built-in math engine to perform live data analysis with support for LabVIEW® (National Instruments), MATLAB® (MathWorks), and Python® (PSF), LightField provides scripting for easy integration into complex experiments.

Teledyne Princeton Instruments is a Teledyne Technologies company and world-renowned manufacturer of scientific imaging and spectroscopy equipment. More details at www.princetoninstruments.com.

-- BERNAMA

Wednesday, 10 June 2020

RED HAT EXPANDS CLOUD AND SERVICE PROVIDER FOOTPRINT WITH INGRAM MICRO

Partner to deliver high-quality cloud services using the latest open source technologies

SINGAPORE, June 9 (Bernama-BUSINESS WIRE) -- Red Hat Inc., the world's leading provider of open source solutions, today announced that Ingram Micro, Inc. has been appointed as distributor for the Red Hat Certified Cloud and Service Provider (CCSP) program supporting ASEAN countries (Indonesia, Singapore, Malaysia and Thailand) and Hong Kong. As part of the program, Ingram Micro will work with Red Hat to qualify, recruit and onboard partners as Certified Cloud and Service Providers.

The Red Hat Certified Cloud and Service Provider program includes hundreds of cloud, system integrator and managed service providers in Asia Pacific — along with software developers and hardware manufacturers that use Red Hat products and technologies to host physical and virtual machines, set up private and public cloud environments, and provide managed application and container development services. The appointment of Ingram Micro comes in response to this growing interest in managed, multi and hybrid cloud solutions in the region.

According to IDC1, Asia Pacific spending on public cloud services and infrastructure is expected to increase almost three times over the forecast period with a five-year compound annual growth rate of 33% reaching USD 77.6 billion by 2023. The Red Hat CCSP program empowers solution providers in the region with the flexibility and scalability to meet evolving customer needs through open, cloud-based technologies.

Red Hat’s CCSP designation is awarded to partners that meet testing and certification requirements to deliver a scalable, supported and consistent environment with security features designed for enterprise cloud deployments. The globally unified CCSP program assures customers, ISVs and partners that a given solution has been validated by Red Hat product experts so cloud implementations begin with a solid foundation for success.

Certified Cloud and Service Providers can gain access to Red Hat solutions that not only offer a more secure, scalable platform for building public and private clouds, but also empower DevOps to develop, deploy, and manage diverse applications more seamlessly. Some such solutions are Red Hat Enterprise Linux, Red Hat OpenShift Container Platform and Red Hat OpenStack Platform. Providers can use these solutions to improve operational efficiency and flexibility, expand hybrid cloud service offerings, and offer scalable and highly available third-party ISV applications on Red Hat technologies.

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Saturday, 6 June 2020

CSOP Gold Futures Daily (2x) Leveraged Product to be listed on HKEX



KUALA LUMPUR, June 5 -- CSOP Asset Management Limited (CSOP) will list CSOP Gold Futures Daily (2x) Leveraged Product (stock code:7299.HK) on the Hong Kong Stock Exchange today.

As the first leveraged commodity product issued in Hong Kong, 7299.HK provides investment results closely corresponding to twice (2x) the Daily performance of Solactive Gold 1-Day Rolling Futures Index by investing in the active Contracts of gold futures traded on the New York Commodity Exchange.

In the current volatile market circumstances, 7299.HK attracted US$5 million initial investment. The inception price per unit is around HKD 8 with trading lot of 100, and the entry investment is approximately HKD 800. (US$1 = RM4.264)

Throughout history, gold is used to preserve wealth by investors worldwide. Owning gold has been regarded as a good hedge against inflation and deflation alike, and a good portfolio diversifier. As a global store of value, gold can also provide financial cover during geopolitical and macroeconomic uncertainty.

Since beginning of 2020, gold performed among the best assets in the global panics over the COVID-19 epidemics. After the FED announced the unlimited QE policy, the widespread concerns over the inflation pushed the gold price to a new high level.

In the post epidemic time, the Gold price may continue its upward trend among unknown long-term impacts induced by COVID-19, while the easing monetary policy introduced by governments of major economies may further push the gold price to grow.

As a leader in Hong Kong’s L&I market, CSOP has demonstrated a remarkable track record with credibility and success by introducing seven L&I products in Hong Kong, contributing more than 90 per cent AUM and daily turnover to Hong Kong L&I market.

-- BERNAMA

Thursday, 4 June 2020

PVH CORP. ANNOUNCES LEADERSHIP UPDATE AT TOMMY HILFIGER AND PVH EUROPE

NEW YORK, June 3 (Bernama-BUSINESS WIRE) -- PVH Corp. (NYSE:PVH), owner of a portfolio of iconic brands including TOMMY HILFIGER and CALVIN KLEIN, announced today that Daniel Grieder is stepping down from his role of Chief Executive Officer, Tommy Hilfiger Global & PVH Europe after 23 years in various management roles within the organization, and will be leaving the company to pursue other interests. Martijn Hagman will succeed Grieder and become the new Chief Executive Officer, Tommy Hilfiger Global & PVH Europe, effective June 2, 2020.

Hagman is currently Chief Operating Officer, Tommy Hilfiger Global & PVH Europe and Chief Financial Officer, Tommy Hilfiger Global, overseeing operations, finance, digital business transformation, technology, business development and the Tommy Hilfiger global sustainability program. He is a 12-year veteran of the Tommy Hilfiger leadership team and has been instrumental in Tommy Hilfiger’s impressive global expansion and the strategy that has led to PVH Europe’s consistent year-over-year growth.

“Tommy Hilfiger Global and PVH Europe came into this year on the same successful path they have been on, with strong sales trends and improving brand awareness, and connecting with consumers,” said Manny Chirico, Chairman and CEO, PVH Corp. “Daniel has been a champion of growing our innovation capabilities and expanding TOMMY HILFIGER’s reach around the world, always pushing for a consumer-centric, digitally-focused and sustainable mindset, while building a very strong management team.”

“It has been a phenomenal 23 years,” said Grieder. “As we are in the midst of this seismic shift in our industry, we find ourselves in a unique position to make a change that I believe will launch us into a new era for the brand. It’s a good feeling to know I can pass my seat to Martijn – he’s been a true friend, trusted confidant and reliable co-pilot on the last 12 years of this journey. There is never a perfect moment to leave an organization you love; the options are to leave too late or too early, and I knew I wanted to make this change while still having the optimism, energy and passion I’ve always held onto in my career.”

Under Grieder’s entrepreneurial leadership, Tommy Hilfiger has been positioned as a leading lifestyle company with best-in-class product, consumer engagement, digitalization and corporate responsibility initiatives. Since Grieder became CEO, Tommy Hilfiger Global & PVH Europe, in 2014, the Tommy Hilfiger business grew from $6 billion to over $9 billion in retail sales in 2019, and the Calvin Klein European business more than doubled in revenues and earnings.

Stefan Larsson, PVH President said, “Together, Daniel and Martijn have instilled a future-focused vision, putting consumers at its core and creating a product-driven culture. We are thankful for Daniel’s many years of strong leadership and great accomplishments. I have great confidence in Martijn as a leader with a deep understanding of the underlying value drivers of the business. His consumer-centric mindset and digitally focused leadership will successfully guide the next era of sustainable and profitable growth for Tommy Hilfiger and the European region.”

Hagman said, “It is an honor to continue to build on the achievements of the TOMMY HILFIGER brand and PVH Europe alongside an exceptional and passionate management team. My thanks to Daniel extend well beyond the unwavering support, development opportunities and leadership he has provided over the years. We are confident in continuing to execute on the current strategic plan, and our focus for the coming months will be on the recovery and rebound phase of our global businesses out of the COVID-19 pandemic.”

Grieder will help transition his responsibilities over the next few months to ensure a smooth and successful transition.

Both Grieder and Hagman have worked side by side with the brand’s founder and Principal Designer Mr. Tommy Hilfiger for many years.

“My belief and excitement for the future of our brand has never been stronger,” said Tommy Hilfiger. “Daniel’s biggest gifts to our organization have been connecting the brand more strongly with our consumers and building a culture within the organization that is devoted to staying on the cutting edge of product, innovation and culture. Martijn has been on that journey, and, together, we’re going to keep writing the future of our brand – along with our partners and consumers around the world.”
http://mrem.bernama.com/viewsm.php?idm=37483

China releases master plan for Hainan free trade port

KUALA LUMPUR, June 3 -- Chinese authorities recently released a master plan for the Hainan free trade port, aiming to transform it into a globally-influential high-level free trade port by the middle of the century.

A free trade port system focusing on trade and investment liberalisation and facilitation will be ‘basically established’ in Hainan by 2025 and become ‘more mature’ by 2035.

This is according to the plan jointly issued by the Central Committee of the Communist Party of China and the State Council.

The authorities expect to make Hainan, China's largest special economic zone, the frontline of China's integration into the global economic system, according to the plan.

Hainan will be given more autonomy in reform and encouraged to make both the laws and regulatory system more flexible and efficient, thus clearing institutional obstacles hampering the flow of production factors.

Based on a statement, the construction of the free trade port will provide support to national strategic goals in terms of institutional innovation, growth impetus and greater opening-up.

Hainan will enhance exchanges and cooperation with Southeast Asian countries, and promote joint development with the Guangdong-Hong Kong-Macao Greater Bay Area.

The master plan also envisions grasping opportunities in the technological and industrial revolution, focusing on tourism, modern services and high-tech industries to foster new competitive edges for the island.

-- BERNAMA

AGROBANK ANNOUNCES SME MONTH 2020

KUALA LUMPUR, June 2 (Bernama) -- Agrobank has announced that the month of June as the Agrobank SME Month 2020.  The aim is to highlight the importance and strong contribution of SMEs particularly entrepreneurs in agri-businesses (agropreneurs) to the livelihoods, communities and economies.  This is held in conjunction with the International Micro, Small and Medium-sized Enterprises (MSME) Day as designated by the United Nations on 27th June every year.

Khadijah Iskandar, covering President/CEO of Agrobank, said “SME is the backbone of our economy.  Agrobank believes that it is good to recognise their contribution to the economy and highlight how SME are coping with the changing business landscape.”

http://mrem.bernama.com/viewsm.php?idm=37474

Wednesday, 3 June 2020

CITI MARKETS AND SECURITIES SERVICES IN ASIA PACIFIC RAISES USD 1 MILLION TO SUPPORT COVID-19 RELIEF EFFORTS

KUALA LUMPUR, June 1 (Bernama) -- Citi on May 28 announced that it has raised USD 1 million in Asia Pacific in an effort to support the United Nations Development Programme (UNDP) to address COVID-19 challenges across the region.

The fund-raising was a joint effort by several Markets and Securities Services businesses including Regional Cash Equities, Rates & Currencies, and Corporate Sales & Solutions, to donate a percentage of their revenues during the campaign period of May 18-22.

“These are historic times and the COVID-19 pandemic poses a test for our generation like none we have seen,” says Stuart Staley, Citi’s Asia Pacific Head of Markets and Securities Services. “This was an employee-led initiative that was designed to address the disproportionally large impact that the Coronavirus is having on vulnerable communities throughout the APAC region. We are grateful to our clients for their continued support and partnering with us to make a positive difference in the communities that we serve across the region.”

Citi’s contribution to the UNDP will be utilized for the most vulnerable and marginalized communities across the region, including families below the poverty line, women at risk and migrant workers. It will be used for providing socio-economic recovery and livelihood support, including food rations, medical supplies and personal protection equipment, to those most impacted from COVID-19, due to loss of livelihood and inaccessibility to healthcare and essential needs. To learn more about UNDP’s response to COVID-19, please visit their website.

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