Thursday, 18 June 2020
Milrem Robotics leads consortium to develop European standardised unmanned ground system
KUALA LUMPUR, June 17 -- A consortium led by Milrem Robotics has received 30.6 million euros from the European Commission’s European Defence Industrial Development Programme to develop a European standardised unmanned ground system. (Euro 1 = RM4.82)
According to a statement, the consortium comprises several major defence, communication and cybersecurity companies as well as high technology SMEs.
The total cost of the project, titled integrated Modular Unmanned Ground System (iMUGS) is 32.6 million euros of which 30.6 million euros will be provided by the European Commission.
“iMUGS is an excellent example of how Europe can utilise and develop high-end technologies as a joint effort while avoiding scattering activities and resources,” said Milrem Robotics chief executive officer, Kuldar Väärsi.
The project will develop a modular and scalable architecture for hybrid manned-unmanned systems, standardising a European wide ecosystem for aerial and ground platforms, command, control and communication equipment, sensors, payloads and algorithms.
The prototype system will utilise an existing unmanned ground vehicle – Milrem Robotics’ THeMIS – and a specific list of payloads.
The project outcome will be demonstrated in operational environments and relevant climatic conditions as part of participating member states military exercises or at separate testing grounds.
State-of-the-art virtual and constructive simulation environments will also be set up.
-- BERNAMA
Wednesday, 17 June 2020
ABC Technology honoured as Technology Pioneer by World Economic Forum
KUALA LUMPUR, June 16 -- Fintech innovator, ABC Technology has been recognised as a Technology Pioneer by the World Economic Forum (WEF), making it one of just 15 Asian companies to receive this prestigious award.
Selected from hundreds of candidates, the company has distinctively set itself apart as a leading artificial intelligence (AI)-powered company that provides automation tools that significantly transform the way businesses work.
The WEF Technology Pioneer status is accorded to a select group of early to growth-stage companies from worldwide that are involved in the design, development and deployment of new technologies and innovations, and are poised to have a significant impact on business and society.
According to a statement, past recipients include Airbnb, Google, Kickstarter, Mozilla, Spotify, TransferWise, Twitter and Wikimedia.
This acknowledgment comes hot on the heels of ABC Technology being named by research firm IDC as among the 101 fastest growing fintech companies in the Asia-Pacific region (excluding Japan) in April.
“Our AI platform combines computer vision and natural language processing to allow businesses to automate data processing and analysis, dramatically transforming the way they work,” said ABC Technology Chief Executive Officer, Mason Yang.
ABC Technology has strong focus in the institution banking and fund management sector. With its robust AI solution, unstructured document and financial statements that were once labour-intensive to extract and analyse can now be automated.
More details at www.abcfintech.com.
-- BERNAMA
Selected from hundreds of candidates, the company has distinctively set itself apart as a leading artificial intelligence (AI)-powered company that provides automation tools that significantly transform the way businesses work.
The WEF Technology Pioneer status is accorded to a select group of early to growth-stage companies from worldwide that are involved in the design, development and deployment of new technologies and innovations, and are poised to have a significant impact on business and society.
According to a statement, past recipients include Airbnb, Google, Kickstarter, Mozilla, Spotify, TransferWise, Twitter and Wikimedia.
This acknowledgment comes hot on the heels of ABC Technology being named by research firm IDC as among the 101 fastest growing fintech companies in the Asia-Pacific region (excluding Japan) in April.
“Our AI platform combines computer vision and natural language processing to allow businesses to automate data processing and analysis, dramatically transforming the way they work,” said ABC Technology Chief Executive Officer, Mason Yang.
ABC Technology has strong focus in the institution banking and fund management sector. With its robust AI solution, unstructured document and financial statements that were once labour-intensive to extract and analyse can now be automated.
More details at www.abcfintech.com.
-- BERNAMA
PRINCETON DIGITAL GROUP SELECT TMT FINANCE'S EXCLUSIVE DIGITAL PLATFORM TMT CONNECT TO HOST GLOBAL VIRTUAL FIRESIDE CHAT
Chairman & CEO Rangu Salgame to reveal strategy on how PDG are building a multibillion dollar private equity backed datacentre business on June 18, 2020
LONDON and SINGAPORE, June 16 (Bernama-GLOBE NEWSWIRE) -- Princeton Digital Group Chairman, CEO and co-founder Rangu Salgame will share the company’s strategy for building a world leading multibillion dollar private equity backed datacentre business in a live video discussion on June 18, 2020 at 8am EST / 1pm BST / 8pm SGT.
TMT Connect is a digital platform for TMT investment leaders. At this event, Salgame will host a virtual fireside chat and discuss how this Warburg Pincus-backed company has scaled via a differentiated three-pronged investment strategy, to become a key developer and operator of datacentres across Asia. He will also share some thoughts on their next phase of growth.
The session will take place at 8am EST / 1pm BST / 8pm SGT on June 18 2020. A limited number of tickets are available.
- Subscribers to TMT Finance can join the session for free by registering their place
- Non-subscribers can join the exclusive TMT Connect community by applying for access
Rangu Salgame said, “Datacentres have been one of the best performing asset classes for investors over the past decade in the US and there is huge untapped potential and growth yet to happen in Asia. With our deep operating experience in building, organically and inorganically, large scale internet infrastructure, we have established a formidable business capable of capitalizing opportunities the region presents. I look forward to sharing our views on how we got here so fast, and our future growth strategies. TMT Connect is a great platform to do this as we continue to look at deepening our market presence while expanding into new markets.”
TMT Finance Founder and CEO, Dominic Lowndes, outlined, “We’re delighted that Rangu and PDG have chosen our new digital events platform, TMT Connect, to share their expertise in the global datacentre market. With the outlook and drivers in global datacentres and cloud still looking to be strong, it’s perfect timing to provide our first-class network of leading TMT companies, investment firms, financiers and advisers with the latest insights and growth opportunities in this sector.”
TMT Connect is a digital programme of exclusive events that bring together the most influential global TMT Leaders, M&A Executives, Investors, Financiers and Advisers, and help them to share knowledge and partnership opportunities globally.
With discussion on sector critical topics across telecom, fibre, datacentres, digital infrastructure and software, subscribers gain powerful knowledge share, keep informed key matters and discover emerging investment opportunities to continue business growth. Sponsors to date include: Greenberg Traurig, EY-Parthenon, Bank Street Group and Akira Partners.
For more information about TMT Connect please visit tmtfinance.com/tmt-connect or contact tmtconnect@tmtfinance.com for speaker and sponsor opportunities.
About TMT Finance
TMT Finance launched in 2009 to connect and inform senior executives pursuing M&A, investment, financing and advisory opportunities in the telecom, media and tech sector globally. Since then, TMT Finance has established 5 weekly news titles with a series of leading annual executive only events gathering financial-decision makers across the world.
For more information on TMT Finance visit tmtfinance.com/events and follow on Twitter and LinkedIn
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ac318ccf-892c-4875-9b2f-fcc996886b87
Contact
Katrina Hopewell
m: 07838255420
e: katrina@tmtfinance.com
Source: TMT Finance
http://mrem.bernama.com/viewsm.php?idm=37548
LONDON and SINGAPORE, June 16 (Bernama-GLOBE NEWSWIRE) -- Princeton Digital Group Chairman, CEO and co-founder Rangu Salgame will share the company’s strategy for building a world leading multibillion dollar private equity backed datacentre business in a live video discussion on June 18, 2020 at 8am EST / 1pm BST / 8pm SGT.
TMT Connect is a digital platform for TMT investment leaders. At this event, Salgame will host a virtual fireside chat and discuss how this Warburg Pincus-backed company has scaled via a differentiated three-pronged investment strategy, to become a key developer and operator of datacentres across Asia. He will also share some thoughts on their next phase of growth.
The session will take place at 8am EST / 1pm BST / 8pm SGT on June 18 2020. A limited number of tickets are available.
- Subscribers to TMT Finance can join the session for free by registering their place
- Non-subscribers can join the exclusive TMT Connect community by applying for access
Rangu Salgame said, “Datacentres have been one of the best performing asset classes for investors over the past decade in the US and there is huge untapped potential and growth yet to happen in Asia. With our deep operating experience in building, organically and inorganically, large scale internet infrastructure, we have established a formidable business capable of capitalizing opportunities the region presents. I look forward to sharing our views on how we got here so fast, and our future growth strategies. TMT Connect is a great platform to do this as we continue to look at deepening our market presence while expanding into new markets.”
TMT Finance Founder and CEO, Dominic Lowndes, outlined, “We’re delighted that Rangu and PDG have chosen our new digital events platform, TMT Connect, to share their expertise in the global datacentre market. With the outlook and drivers in global datacentres and cloud still looking to be strong, it’s perfect timing to provide our first-class network of leading TMT companies, investment firms, financiers and advisers with the latest insights and growth opportunities in this sector.”
TMT Connect is a digital programme of exclusive events that bring together the most influential global TMT Leaders, M&A Executives, Investors, Financiers and Advisers, and help them to share knowledge and partnership opportunities globally.
With discussion on sector critical topics across telecom, fibre, datacentres, digital infrastructure and software, subscribers gain powerful knowledge share, keep informed key matters and discover emerging investment opportunities to continue business growth. Sponsors to date include: Greenberg Traurig, EY-Parthenon, Bank Street Group and Akira Partners.
For more information about TMT Connect please visit tmtfinance.com/tmt-connect or contact tmtconnect@tmtfinance.com for speaker and sponsor opportunities.
About TMT Finance
TMT Finance launched in 2009 to connect and inform senior executives pursuing M&A, investment, financing and advisory opportunities in the telecom, media and tech sector globally. Since then, TMT Finance has established 5 weekly news titles with a series of leading annual executive only events gathering financial-decision makers across the world.
For more information on TMT Finance visit tmtfinance.com/events and follow on Twitter and LinkedIn
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ac318ccf-892c-4875-9b2f-fcc996886b87
Contact
Katrina Hopewell
m: 07838255420
e: katrina@tmtfinance.com
Source: TMT Finance
http://mrem.bernama.com/viewsm.php?idm=37548
FWD TAKAFUL AND ARUS ACADEMY LAUNCH FUN(D) FOR LIFE: A NEW ONLINE PLATFORM TO TEACH FINANCIAL LITERACY
The platform also includes educational COVID-19 activities for students
KUALA LUMPUR, June 15 (Bernama) -- FWD Takaful Berhad (“FWD Takaful”) is continuing its collaboration with Arus Education Sdn Bhd (“Arus Academy”) by launching Fun(d) for Life portal, a free online platform that teaches financial literacy.
This is the second year of FWD Takaful’s work with Arus Academy, a social enterprise providing equal opportunity for all through quality education, and part of a series of events to promote financial literacy nationwide.
The portal can be found at fundfor.life and includes several key features:
· Interactive games, infographics and video content for students aged 7 to 18 years old
· Articles and educational content for adults – whether they’re parents, or simply those wishing to enhance and build on their knowledge
· Lesson plans for teachers, across all grade levels, aligned to the national curriculum
The economic impact of COVID-19 has elevated the need for personal financial awareness and management, so the platform has also been designed to offer dedicated help and support during the unique circumstances brought about by the COVID-19 pandemic. It’s also aligned to Malaysia’s National Strategy for Financial Literacy 2019-2023.
Salim Majid Zain, FWD Takaful’s Chief Executive Officer, said, “We’re thrilled to be continuing our work with Arus Academy, especially so given their focus on supporting students from underprivileged backgrounds. This platform is part of our goal to ensure everyone in Malaysia has the opportunity to demystify the world of finance and financial language to help our younger generation.
“Fun(d) for Life will close some of the gaps with fast, easy access to crucial areas of knowledge by teaching valuable skillsets and helping to form good financial habits. In doing so, this platform also chimes with our wider vision of changing the way people feel about takaful."
Arus Academy co-founder, Alina Amir, said, “This is a timely launch given the impact of COVID-19 and the financial setbacks that are being felt by many families. It further amplifies the need for sound financial education that’s accessible to Malaysians across all ages – so we’re really pleased to be working with FWD Takaful on this exciting new initiative.”
http://mrem.bernama.com/viewsm.php?idm=37542
Monday, 15 June 2020
DRUG AND ALCOHOL ADDICTION ON THE RISE - AN OVERLOOKED COVID-19 LOCKDOWN CONSEQUENCE
KUALA LUMPUR, June 12 (Bernama) -- From financial and economic instability, to mental health disorders, the consequences of the lockdown to curb the spread of Covid-19, are numerous. One of the often-overlooked consequences, is addiction problematics, which have been on the rise in Malaysia since the implementation of the movement control order.
One Malaysian organization, namely Solace Asia Sdn Bhd, on the frontline of the war against drug and alcohol addiction in Malaysia since 2014, is currently observing a spike in the number of requests for help and support by those afflicted by addiction, be it substance or behavioral.
Originally headquartered in Kota Kinabalu under the name of Solace Sabah, to cater to the increasing demand for addiction rehab services in peninsular Malaysia, in October 2019 the organization has relocated its facility to Kuala Lumpur and rebranded itself under the new name of Solace Asia.
As an essential healthcare provider, the facility has remained operational during the lockdown in support of those suffering from addiction and other co-occurring mental health disorders and its currently still accepting clients on a weekly basis.
Headed by Dr. Prem Kumar Shanmugam, CEO & Clinical Director of Solace Asia, since the announcement of the soft landing of the movement control order, the organization has observed a 50% increase in enquiries for drug and alcohol addiction treatment, a 70% increase in stimulant-based treatment related to psychotic episodes as a result of amphetamine, methamphetamine (also known as ice, syabu, crystal) abuse.
As for behavioral, such as gambling addictions, sex addictions and internet or gaming addictions, Dr. Prem Kumar Shanmugam added that Solace is already seeing a 30 - 50% increase in enquiries seeking addiction treatment, encouraging anyone experiencing addiction and co-occurring mental health disorders to take actions before one’s health conditions declines further.
http://mrem.bernama.com/viewsm.php?idm=37536
Friday, 12 June 2020
P&G BEAUTY CONVENES EXPERT PARTNERS TO DISCUSS RESPONSIBLE GROWTH IN BEAUTY, ANNOUNCES P&G RESPONSIBLE BEAUTY SYSTEMS-THINKING FRAMEWORK
CINCINNATI, June 11 (Bernama-BUSINESS WIRE) -- This week, P&G Beauty convened a virtual meeting with leading global NGOs to discuss the role of the beauty industry in accelerating progress towards a more sustainable, inclusive and resilient future.
Until now, the industry has responded to consumer concerns over safety, quality, origin and sustainability with an array of claims – such as natural, organic or clean – many of which lack clear definitions and standards and are sometimes at odds with one another. The group made up of experts from various NGOs and Alex Keith, CEO, P&G Beauty, recognized that it is more vital than ever to look at these challenges as interconnected rather than individually. For the industry to become future-fit and to build business resilience, the group concluded that it must address systemic challenges through collective action, leveraging the best of science and protecting nature by purposefully bringing the two together.
P&G Beauty is addressing this through its P&G Responsible Beauty platform, a systems-thinking approach rooted in the connections and interdependence of five guiding principles: Quality & Performance; Safety; Sustainability; Transparency, and Equality & Inclusion. As part of the event, P&G Beauty shared the P&G Responsible Beauty 2030 goals (link). One of the goals of P&G Responsible Beauty is openly sharing technologies, programs or processes that can help the beauty industry have a bigger, positive impact on the world. As a tangible first action to bring this goal to life the Company is making publicly available a comprehensive guide for the safe use of botanicals in beauty products (link). The guide, incorporating learnings from over a decade of published research, provides formulators from small to large size beauty brands, with a robust safety approach to assess botanical ingredients and ensure their safe use in products.
The event, co-hosted by Women’s Wear Daily, was attended by media representatives from around the world, and featured P&G Beauty CEO Alex Keith and the P&G Responsible Beauty Advisory Council, an advisory group created more than a year ago to ensure P&G Beauty priorities are well informed by the most innovative, leading-edge thinking and experience. The Council is made up of representatives from Royal Botanic Gardens, Kew (a world leading authority on plant science); World Wildlife Fund (WWF); Rainforest Alliance; Skin Health Alliance; and the Roundtable on Sustainable Biomaterials.
“Making meaningful progress via responsible growth – growth rooted in systems thinking - requires partnership and collaboration,” said Alex Keith, CEO of P&G Beauty, “The P&G Responsible Beauty Advisory Council helps to ensure we are bringing external insights and experience into our decision-making, and applying systems thinking to our plans to ensure we consider the interdependencies of one choice on other critical areas.”
The panel discussion during the event covered a range of topics underscoring the extent to which human health and economic prosperity depend on a healthy, natural world, as well as how systems thinking can help the beauty industry navigate and understand today’s disruptions and provide solutions to build back better in a post-COVID world via a focus on responsible growth.
“Building business resilience in a way that supports a sustainable world, improves quality of life, respects human rights and protects the environment is possible,” said P&G Beauty’s Keith. "For beauty, this means going beyond environmental practices to address the interdependence of all aspects of product development and corporate behavior — all activities that affect the beauty consumer and the world in which we live.”
# # #
About the P&G Responsible Beauty Advisory Council Members:
Rainforest Alliance // Rainforest-alliance.org
The Rainforest Alliance works at the intersection of business, agriculture and forests to make “responsible business” the new normal, protecting forests and improving the lives of farmers and forest communities.
Roundtable on Sustainable Biomaterial // Rsb.org
The Roundtable on Sustainable Biomaterials (RSB) guides the responsible development and production of biomass, biofuels, and biomaterials through sustainability solutions, certification, and collaborative partnerships.
World Wildlife Fund // worldwildlife.org
For almost 60 years, the WWF has been protecting the future of nature. One of the world’s leading conservation organizations, WWF develops solutions to help communities and wildlife thrive.
Royal Botanic Gardens, Kew // kew.org
The global resource for plant and fungal research, the Royal Botanic Gardens, Kew uses their unparalleled expertise, botanical collections, and global partnerships to tackle the critical challenges facing humanity.
Skin Health Alliance // skinhealthalliance.org
The Skin Health Alliance collaborates with dermatologists, researchers and skin scientists to provide independent, scientifically based verification of the safety of beauty products, clinics, treatments, and services.
About P&G:
P&G serves consumers around the world with one of the strongest portfolios of trusted, quality, leadership brands, including Always®, Ambi Pur®, Ariel®, Bounty®, Charmin®, Crest®, Dawn®, Downy®, Fairy®, Febreze®, Gain®, Gillette®, Head & Shoulders®, Lenor®, Olay®, Oral-B®, Pampers®, Pantene®, SK-II®, Tide®, Vicks®, and Whisper®. The P&G community includes operations in approximately 70 countries worldwide. Please visit http://www.pg.com for the latest news and information about P&G and its brands.
http://mrem.bernama.com/viewsm.php?idm=37525
Until now, the industry has responded to consumer concerns over safety, quality, origin and sustainability with an array of claims – such as natural, organic or clean – many of which lack clear definitions and standards and are sometimes at odds with one another. The group made up of experts from various NGOs and Alex Keith, CEO, P&G Beauty, recognized that it is more vital than ever to look at these challenges as interconnected rather than individually. For the industry to become future-fit and to build business resilience, the group concluded that it must address systemic challenges through collective action, leveraging the best of science and protecting nature by purposefully bringing the two together.
P&G Beauty is addressing this through its P&G Responsible Beauty platform, a systems-thinking approach rooted in the connections and interdependence of five guiding principles: Quality & Performance; Safety; Sustainability; Transparency, and Equality & Inclusion. As part of the event, P&G Beauty shared the P&G Responsible Beauty 2030 goals (link). One of the goals of P&G Responsible Beauty is openly sharing technologies, programs or processes that can help the beauty industry have a bigger, positive impact on the world. As a tangible first action to bring this goal to life the Company is making publicly available a comprehensive guide for the safe use of botanicals in beauty products (link). The guide, incorporating learnings from over a decade of published research, provides formulators from small to large size beauty brands, with a robust safety approach to assess botanical ingredients and ensure their safe use in products.
The event, co-hosted by Women’s Wear Daily, was attended by media representatives from around the world, and featured P&G Beauty CEO Alex Keith and the P&G Responsible Beauty Advisory Council, an advisory group created more than a year ago to ensure P&G Beauty priorities are well informed by the most innovative, leading-edge thinking and experience. The Council is made up of representatives from Royal Botanic Gardens, Kew (a world leading authority on plant science); World Wildlife Fund (WWF); Rainforest Alliance; Skin Health Alliance; and the Roundtable on Sustainable Biomaterials.
“Making meaningful progress via responsible growth – growth rooted in systems thinking - requires partnership and collaboration,” said Alex Keith, CEO of P&G Beauty, “The P&G Responsible Beauty Advisory Council helps to ensure we are bringing external insights and experience into our decision-making, and applying systems thinking to our plans to ensure we consider the interdependencies of one choice on other critical areas.”
The panel discussion during the event covered a range of topics underscoring the extent to which human health and economic prosperity depend on a healthy, natural world, as well as how systems thinking can help the beauty industry navigate and understand today’s disruptions and provide solutions to build back better in a post-COVID world via a focus on responsible growth.
“Building business resilience in a way that supports a sustainable world, improves quality of life, respects human rights and protects the environment is possible,” said P&G Beauty’s Keith. "For beauty, this means going beyond environmental practices to address the interdependence of all aspects of product development and corporate behavior — all activities that affect the beauty consumer and the world in which we live.”
# # #
About the P&G Responsible Beauty Advisory Council Members:
Rainforest Alliance // Rainforest-alliance.org
The Rainforest Alliance works at the intersection of business, agriculture and forests to make “responsible business” the new normal, protecting forests and improving the lives of farmers and forest communities.
Roundtable on Sustainable Biomaterial // Rsb.org
The Roundtable on Sustainable Biomaterials (RSB) guides the responsible development and production of biomass, biofuels, and biomaterials through sustainability solutions, certification, and collaborative partnerships.
World Wildlife Fund // worldwildlife.org
For almost 60 years, the WWF has been protecting the future of nature. One of the world’s leading conservation organizations, WWF develops solutions to help communities and wildlife thrive.
Royal Botanic Gardens, Kew // kew.org
The global resource for plant and fungal research, the Royal Botanic Gardens, Kew uses their unparalleled expertise, botanical collections, and global partnerships to tackle the critical challenges facing humanity.
Skin Health Alliance // skinhealthalliance.org
The Skin Health Alliance collaborates with dermatologists, researchers and skin scientists to provide independent, scientifically based verification of the safety of beauty products, clinics, treatments, and services.
About P&G:
P&G serves consumers around the world with one of the strongest portfolios of trusted, quality, leadership brands, including Always®, Ambi Pur®, Ariel®, Bounty®, Charmin®, Crest®, Dawn®, Downy®, Fairy®, Febreze®, Gain®, Gillette®, Head & Shoulders®, Lenor®, Olay®, Oral-B®, Pampers®, Pantene®, SK-II®, Tide®, Vicks®, and Whisper®. The P&G community includes operations in approximately 70 countries worldwide. Please visit http://www.pg.com for the latest news and information about P&G and its brands.
http://mrem.bernama.com/viewsm.php?idm=37525
Covid-19: Indonesia lists 4 key steps to assist poor, vulnerable groups
KUALA LUMPUR, June 11 -- Republic of Indonesia Social Affairs Minister, Juliari P. Batubara has conveyed the government’s important steps in handling the impact of the Covid-19 pandemic, particularly for poor and vulnerable groups.
This follows an online meeting themed, ‘Special Online Meeting of the ASEAN Ministerial Meeting on Social Welfare and Development on Mitigating Impact of COVID-19 on Vulnerable Groups in ASEAN’, in which Juliari acted as Indonesian Delegation Chair.
According to a statement, the meeting was opened by ASEAN Secretary-General Datuk Lim Jock Hoi and attended by 10 ASEAN member ministers dealing with social welfare issues.
During the meeting, Juliari delivered four important steps in mitigating the socio-economic impact of the pandemic.
The first step was to increase the number and coverage of social assistance and social safety nets, and amount of assistance for several social protection programmes.
Second, strengthening government investment in the development of Integrated Social Welfare Data, and formulating an adaptive social protection platform, in accordance with the 2019-2024 National Medium-Term Development Plan and Ministry of Social Affairs Strategic Plan 2020-2024.
The fourth is the crucial role of social solidarity.
“In the new (fourth) fiscal stimulus, the government allocates a budget of Rp677.2 trillion, of which Rp203.9 trillion is for social protection,” said the minister. (RM1 = Rp3,310)
This amount increased, compared to the third fiscal stimulus which amounted to Rp405.1 trillion, of which Rp110 trillion is for social protection.
-- BERNAMA
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