MENLO SECURITY NAMED LEADER FOR SECURE ENTERPRISE BROWSING IN GIGAOM RADAR REPORT

KUALA LUMPUR, Sept 23 (Bernama) -- Menlo Security, the pioneer of Secure Enterprise Browsers, has announced its position as a Leader and Fast Mover in the GigaOm Radar Report for Secure Enterprise Browsing.

Specifically, GigaOm recognised Menlo Security’s Secure Enterprise Browser, powered by the Menlo Secure Cloud Browser, as a Leader and Fast Mover in the Innovation/Platform Play quadrant of the Radar chart.

“Being named a Leader and Fast Mover in GigaOm’s Radar Report for Secure Enterprise Browsing validates the benefits of Menlo Security’s trusted and proven approach.

“We continue to address enterprise and government needs, making it easy to manage leading browsers, protecting users and securing access to applications and data, transparent to the end user,” said Menlo Security Vice President of Security Strategy, Andrew Harding.

According to a statement, the Menlo Secure Cloud Browser delivers high-efficacy, artificial intelligence (AI)-driven defences and an easy-to-own solution for secure remote access and zero trust applications.

Menlo also provides comprehensive visibility into browser behaviour and enforces software as a service (SaaS) governance and secure web gateway policy.

With support for both public SaaS and private web applications, Menlo is easy for users and easy on administrators, as the intuitive tile interface and policy-based access make it perfect for contractors, remote teams, and third-party users.

The GigaOm Radar Report evaluates 13 of the top Secure Enterprise Browsing solutions available across a range of criteria, and serves as a resource for security and information technology leaders to make informed decisions regarding available solutions to protect this critical business asset.

-- BERNAMA

CIOS FIND AI BOTH EXCITING, STRESSFUL - EXPEREO STUDY

KUALA LUMPUR, Sept 23 (Bernama) -- Expereo in its latest survey revealed that 64 per cent of technology leaders from large global enterprises find it challenging and/or stressful to meet the technology demands of the business and that artificial intelligence (AI) is a key source of both pressure and opportunity.

The research conducted by IDC and commissioned by Expereo delves into the complexities chief information officers (CIOs) face as AI becomes a major force of innovation and disruption, revealing that AI has raised the profile and expectations of technology leaders at board level, a double-edged sword for many senior technology decision-makers.

While 60 per cent of global respondents say their focus on AI has boosted their personal reputation, 47 per cent also say their board has unrealistic demands regarding the impact of AI on international business performance and 39 per cent felt their job is more stressful or negative because of their added profile.

Expereo Chief Executive Officer, Ben Elms said technology leaders are at the forefront of driving innovation and transformation in their organisations, but they also face significant challenges and pressures from the business and the board.

“It is vital that CIOs align with their CEOs to ensure they are given the proper support by their stakeholders, teams and their external partners, to help them make the most of a challenging but exciting technology landscape,” said Elms in a statement.

The report, titled Enterprise Horizons 2024: Technology Leaders' Priorities on Their Digital Business Journey, highlights the perceived impact of AI on the workforce, both within and outside of information technology (IT) which could be partly causing this ‘AI-anxiety’.

While the emergence of a chief AI officer (CAIO) role could bring businesses new opportunities, 40 per cent of technology leaders say a CAIO role will take over much of the CIO’s responsibilities within two years, and 38 per cent of them are worried that AI could replace their or their team’s role.

Moreover, 46 per cent of global respondents believe increased automation will also result in some roles outside of information technology (IT) being displaced.

However, technology leaders are also excited about the pace of technology innovation, with the survey showing that 68 per cent of respondents say this is the most exciting time to be a technology leader, and 71 per cent of them are confident that they or their team can support growth and efficiency gains through their current technology strategy.

The survey also shows that technology leaders are expected to contribute to various aspects of the business, such as growth, risk management, and IT modernisation, but their role will become even more demanding in the next two years, as they will have to orchestrate digital transformation and generate digital revenue.

-- BERNAMA

PREQIN EXPECTS GLOBAL ALTERNATIVE MARKETS TO SURPASS US$30 TRILLION BY 2030

KUALA LUMPUR, Sept 23 (Bernama) -- Preqin in its Future of Alternatives 2029 report forecasted the global alternatives industry to reach US$29.2 trillion in assets under management (AUM) by 2029, from US$16.8 trillion at the end of 2023. (US$1=RM4.20)

In a statement, the company said while not part of the official report forecasts, the analysis predicted the industry is on course to exceed US$30 trillion in AUM by 2030.

This signifies an annualised growth rate of 9.7 per cent in the forecast period, 2023-end to 2029, which represents a slowdown from 10.5 per cent during the 2017 to 2023 period due to softer expectations for the private equity and venture capital markets.

Preqin Global Head of Research Insights, Cameron Joyce said global alternatives markets continue to evolve rapidly, especially as individual investors’ access opens up, as the private wealth channel’s growth continues to gather pace.

Private wealth and weak exit markets are expected to drive secondaries to an annualised growth rate of 13.1 per cent, with secondaries forecast to be the fastest growing area of alternatives from 2023-end to 2029.

Currently, the secondaries market remains a buyer’s market, as investors’ portfolios face liquidity constraints, and Preqin anticipates ongoing demand for secondaries strategies from the private wealth channel, as they offer inherent advantages for investors that are new to private markets.

Meanwhile, private equity is predicted to remain the largest private capital asset class, with Preqin forecasting it is on course to more than double in AUM from 2023-end to 2029, from US$5.8 trillion to US$12.0 trillion, at an annualised growth rate of 12.8 per cent.

The report also found that artificial intelligence (AI) is expected to be one of the factors buoying early-stage venture capital with annualised AUM growth at 13.2 per cent, followed by venture (general) at 11.1 per cent, from end-2023 to 2029.

By 2029, global private real estate AUM is forecast to continue its steady growth to US$2.7 trillion; global unlisted infrastructure AUM to reach US$2.4 trillion as the energy transition lifts fundraising and deals from 2027 onwards; and global hedge funds AUM to surpass US$5.7 trillion but outflows are predicted to impact performance-based growth.

The Future of Alternatives report series forecasts the size and growth of the global alternatives industry based on Preqin’s Research Insights team’s data-driven predictive models and analysis, as well as covers all alternative asset classes, including by strategy, across major global regions.

-- BERNAMA

MARY KAY EXPANDS INTO KYRGYZSTAN, FURTHER ELEVATING BEAUTY AND EMPOWERMENT AROUND THE WORLD

 

Mary Kay’s expansion into Kyrgyzstan marks another step forward in the company’s mission to enrich women’s lives around the world, offering top-tier beauty products and unparalleled business opportunities. (Photo: Mary Kay Inc.)

DALLAS, Sept 20 (Bernama-BUSINESS WIRE) -- Mary Kay Inc., a global leader in skin care and cosmetics, is proud to announce its expansion into Kyrgyzstan, marking a significant milestone in its ongoing international growth strategy. This exciting development underscores Mary Kay’s commitment to empowering women and providing innovative, high-quality skincare and beauty products across the globe.
 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240919159057/en/ 

The beauty and personal care market is experiencing robust growth internationally, with sales volume in these categories almost doubling over the past several years. The beauty market is expected to reach approximately $580 billion by 2027, growing by a projected 6 percent per year¹ while the direct selling market size is estimated to reach $286.7 billion by 2028². This phenomenal growth is due to more individuals turning to entrepreneurship and seeking flexible and rewarding business opportunities. Recognizing this upward trend, Mary Kay has strategically expanded into Kyrgyzstan to meet the increasing demand for premium beauty products and entrepreneurial opportunities.

“I’m confident our expansion into Kyrgyzstan will inspire countless women to discover the transformative power of Mary Kay’s award-winning products and strengthen our position as the #1 Direct Selling Brand of Skin Care and Color Cosmetics in the World³,” said Tara Eustace, President of Mary Kay Europe Region. “Mary Kay Ash often said we’re doing far more than just selling cosmetics—we’re changing lives. This belief is at the heart of everything we do, and I am excited to witness the incredible impact we will have on the women of Kyrgyzstan.” 

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EBC BAGS BROKERSVIEW BEST TRADING EXPERIENCE AWARD, STRENGTHENING GLOBAL LEADERSHIP

SINGAPORE, Sept 20 (Bernama-GLOBE NEWSWIRE) -- At the BrokersView Award Ceremony in Vietnam in September 2024, EBC Financial Group (EBC) was awarded the “Best Trading Experience” Award, once again solidifying its position as a world-class leader in the financial industry specialising in forex, CFDs, and stocks. The latest award recognised EBC’s commitment to facilitating the most robust trading conditions and delivering an exceptional trading experience.

Although the global forex trading market is growing at a rapid pace and is expected to surpass US$10 trillion by 2028 (Source: Yahoo Finance), participation in this increasingly popular financial planning tool is marred by widespread misinformation and volatility, leading to a lack of trust among traders (Source: Finance Magnates). EBC aims to address these challenges by fostering a stable and reliable trading environment, guided by its core belief that every investor engagement should receive the seriousness and sincerity it deserves.

Going beyond active efforts to innovate its trading platform and ensure highly competitive spreads, EBC is dedicated to ensuring compliance with stringent regulation, fair and transparent pricing mechanisms, and multi-layered security measures.

Expanding Global Reach and Strategic Presence

EBC Financial Group has long established its position as a global brokerage firm, with an extensive presence in key financial hubs such as London, Hong Kong, Tokyo, Singapore, Sydney, and across emerging markets in Latin America, Southeast Asia, Africa, and India.

This global expansion is driven by EBC’s strategy to localise its operations to meet the unique regulatory requirements of different regions, while tailoring its offerings to address the specific needs of clients in each market. Through strategic investments in regulatory licenses, institutional-level liquidity, and advanced trading infrastructure, EBC is positioning itself to serve a broader international clientele with a diverse range of trading tools and services.

EBC's growth in emerging markets, particularly in Southeast Asia, Latin America, India and Africa, is part of the company's commitment to empowering traders with access to robust financial ecosystems, which have traditionally been underserved by major financial institutions. As EBC scales its operations, the company is continuing to expand its support infrastructure in these regions to ensure traders can enjoy the same seamless experience available in more established financial hubs.

BrokersView: An Industry-Leading Broker Review Platform
BrokersView, a FastBull brand, is a leading financial information portal that helps investors identify suitable brokers quickly and efficiently. Winning the “Best Trading Experience Award” was no easy feat among a sea of strong contenders. In evaluating EBC for their 2024 awards, BrokersView conducted a rigorous assessment of EBC on six key aspects – trading speed, stability, liquidity, slippage, spreads, and swap rates.

Real-time data was examined for predetermined trading conditions and, ultimately, EBC’s tailored trading platform, featuring fast and optimal order executions, low spreads, and 24/7 customer service, helped the firm stand out as a mark of assurance and played a crucial role in securing this prestigious award.

EBC’s mission as a global brokerage group is to create a superior trading ecosystem that empowers traders worldwide. To achieve this, EBC invests in comprehensive regulatory licences, advanced infrastructure, institutional-level liquidity, robust risk management, and proprietary trading algorithms. Moreover, security and confidentiality are paramount at EBC. The firm employs 256-bit SSL encryption and dedicated trading channels to protect its clients' information and build customised solutions to ensure a seamless trading experience.

Celebrating A Spirit of Excellence
Adding to the accolades at the BrokersView Award Ceremony, EBC’s senior analyst, Al Hamidi, was also honoured with the “Best Innovative Trading Strategy” Award at the FastBull 2024 Trading Influencers Awards Ceremony, which was held in conjunction with the BrokersView Award Ceremony; the FastBull 2024 Trading Influencers Awards Ceremony is aimed to celebrate individuals with outstanding contributions to the industry.

With over a decade of related experience, Hamidi has been spearheading theoretical advancements in market strategy analysis and relevant compliance research. His expertise in disaster recovery and business continuity protocols (BCP) was instrumental in helping EBC agilely navigate market events like the CrowdStrike outage in 2024. This award highlights the wealth of experience and expertise within EBC’s diverse team, and the group’s efforts to foster a culture of learning through financial literacy and knowledge sharing.

The latest haul brings EBC’s total awards tally in 2024 thus far to seven. Most recently in August 2024, EBC was named the Best Broker in the Asia Pacific region at the Finance Magnates Annual Awards.

Looking ahead, EBC Financial Group remains focused on its global development roadmap, delivering the ultimate trading experience and keeping traders at the core of its operations. The company's longstanding goal remains unchanged: to empower traders with informed decisions and to be their trusted partner on every trading journey.

About EBC Financial Group
Founded in the esteemed financial district of London, EBC Financial Group (EBC) is renowned for its comprehensive suite of services that includes financial brokerage, asset management, and comprehensive investment solutions. EBC has quickly established its position as a global brokerage firm, with an extensive presence in key financial hubs such as London, Hong Kong, Tokyo, Singapore, Sydney, the Cayman Islands, and across emerging markets in Latin America, Southeast Asia, Africa, and India. EBC caters to a diverse clientele of retail, professional, and institutional investors worldwide.

Recognised by multiple awards, EBC prides itself on adhering to the leading levels of ethical standards and international regulation. EBC Financial Group's subsidiaries are regulated and licensed in their local jurisdictions. EBC Financial Group (UK) Limited is regulated by the UK's Financial Conduct Authority (FCA), EBC Financial Group (Cayman) Limited is regulated by the Cayman Islands Monetary Authority (CIMA), and EBC Financial Group (Australia) Pty Ltd is regulated by Australia's Securities and Investments Commission (ASIC).

At the core of EBC Group are seasoned professionals with over 30 years of profound experience in major financial institutions, having adeptly navigated through significant economic cycles from the Plaza Accord to the 2015 Swiss franc crisis. EBC champions a culture where integrity, respect, and client asset security are paramount, ensuring that every investor engagement is treated with the utmost seriousness it deserves.

EBC is the Official Foreign Exchange Partner of FC Barcelona, offering specialised services in regions such as Asia, LATAM, the Middle East, Africa, and Oceania. EBC is also a partner of United to Beat Malaria, a campaign of the United Nations Foundation, aiming to improve global health outcomes. Starting February 2024, EBC supports the 'What Economists Really Do' public engagement series by Oxford University's Department of Economics, demystifying economics, and its application to major societal challenges to enhance public understanding and dialogue.

https://www.ebc.com/
 

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"BLOOMING FLOWERS AND FULL MOON" CHINA-VIETNAM MID-AUTUMN FESTIVAL GALA DEBUTED IN HO CHI MINH CITY

CHINA, Sept 19 (Bernama) -- On the eve of the Mid-Autumn Festival, which falls on September 17 this year, the Information Office and the Foreign Affairs Office of the People’s Government of Yunnan Province held the Reception Celebrating the 75^th Anniversary of the Founding of the People’s Republic of China & the “Blooming Flowers and Full Moon” China-Vietnam Mid-Autumn Festival Gala in Ho Chi Minh City and the Chinese Consulate-General in Ho Chi Minh City.

A couple of days ago, Super Typhoon Yagi wreaked havoc in northern Vietnam, causing significant property damage and heavy casualties. The typhoon also unleashed destruction across multiple provinces in southern China. Before the artistic performances started, a dozen Chinese-funded business associations in Vietnam including the China Business Association Ho Chi Minh City Branch donated VND3.8 billion (equivalent to RMB1.1 million) to the Vietnam Fatherland Front in Ho Chi Minh City.

The gala opened with the dance performance “Beauty in Harmony.” Themed “Blooming Flowers and Full Moon,” the gala consisted of four parts: “Flowers” (Blossoms in Abundance), “Prosperity” (A Year of Good Fortune and Prosperity), “Moon” (Full Moon during Mid-Autumn Festival), and “Reunion” (Celebrating Together). Chinese and Vietnamese artists and art troupes together celebrated the Mid-Autumn Festival and the China-Vietnam friendship with wonderful song and dance performances.

In Vietnam, the Mid-Autumn Festival is an important occasion for family reunions and fun for the kids. The gala featured an interactive program “Blessings from Chang’e,” which was specifically designed for Vietnamese children. Dressed as Chang’e, the Chinese Goddess of the Moon, the dancers moved through the audience, distributing Mid-Autumn Festival themed cultural and creative products such as drawstring pouches, little rabbit figurines, and lanterns.

“I have been to Kunming, Dali, and Shangri-La in Yunnan. Yunnan is an amazing and beautiful place, and the Chinese people are very friendly and hospitable to us,” said Lam Quang Duc from Vietnam, who works as a Vietnamese-Chinese translator. He praised the fantastic performances by Vietnamese and Chinese artists at the gala, noting that they celebrated the deep friendship between the two countries.

“This is a gala featuring the interaction and merging between the traditional cultures of China and Vietnam,” said Miao Peng from Yunnan, China. He added that artists from both countries conveyed their best wishes for the future with song and dance performances, hoping to further expand people-to-people exchanges and promote mutual understanding and people-to-people bond between the two countries.

The gala is part of the 2024 “Blooming Flowers and Full Moon” Mid-Autumn Festival Cultural Exchange. The five-day event also features the “Sharing the Same Moon” Mid-Autumn Festival Cultural Salon and the “Harmony under the Same Moon” Photo Exhibition on A Many-Splendored Life in Yunnan. 

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SMART MODULAR TECHNOLOGIES INTRODUCES FLASH MEMORY DRIVES WITH SEU MITIGATION FOR REMOTE APPLICATIONS

Single-Event-Upset mitigation technology significantly reduces service costs in demanding networking, telecom, and edge server applications

NEWARK, Calif., Sept 18 (Bernama-BUSINESS WIRE) -- SMART Modular Technologies, Inc. (“SMART”), a division of SGH (Nasdaq: SGH) and a global leader in memory solutions, solid-state drives, and advanced memory, announces a proprietary technology to mitigate the adverse impact of single event upsets (SEUs) in high-reliability flash-memory based systems. SMART Modular’s MP3000 NVMe SSD products with SEU mitigation reduce annual failure rates from as high as 17.5k/Mu (million units) to less than 10/Mu and can save hundreds of thousands of dollars in potential service costs by helping to ensure hundreds of hours of uninterrupted uptime, especially important for tough-to-repair remote deployments.

This press release features multimedia. View the full release here: 
https://www.businesswire.com/news/home/20240917451798/en/

 

“Our industry standard SATA and PCIe NVMe boot drives can slash annual failure rates by as much 99.7% by recovering from soft errors due to single event upsets,” states Satya Iyer, SMART’s vice president of specialty memory. “In networking and telecom applications in remote and hard-to-service locations, SEU mitigation and the ability to recover from soft errors can make the difference for systems that require 24/7 uptime.”

SEUs are an inadvertent change in “bit status” that occurs in digital systems when high-energy neutrons, or alpha particles, randomly strike and cause bits in memory -- logic components -- to literally flip their state. These high-energy particles can originate from terrestrial or extraterrestrial sources such as cosmic rays. SEUs can lead to abnormal operation of digital systems or total system failure. Addressing these errors or upsets within the SSD enable recovery without the need for a full system reboot which is critical in terms of maintaining reliable operations and uninterrupted runtimes.

The SEU mitigation technology is superior to other solutions that simply rely on ECC for the internal SRAM. By having the ability to gracefully reboot itself without a host system reboot, the SSD also handles possible flipped bits in other components within the SSD which might account for an additional 10% of failures. Designed for applications that require maximum uptime, these boot drives with SEU mitigation come in storage capacity ranges from 60GB to 1.92TB, and are available in commercial and industrial temperature grades.

The ME2 SATA M.2 and mSATA drives with SEU mitigation provide 60GB to 1.92TB of storage and are available in commercial grades (operating temperature: 0 to 70°C) and industrial grades (operating temperature: -40 to 85°C). The M.2 2280 also supports SafeDATA^™ power loss data protection.

The MP3000 NVMe PCIe drives with SEU mitigation provide 80GB to 1.92TB of storage in M.2 2280, M.2 22110 and E1.S form factors and are available in commercial temperature grades (operating temperature: 0 to 70°C) and industrial temperature grades (operating temperature: -40 to 85°C). They also support SafeDATA^™ power loss data protection. Visit SMART’s website to learn more.

The stylized “S” and “SMART” as well as “SMART Modular Technologies” are trademarks and/or registered trademarks of SMART Modular Technologies, Inc. All other trademarks and registered trademarks are the properties of their respective owners.

About SMART Modular Technologies, Inc.

For more than 30 years, SMART Modular Technologies has been helping customers around the world enable high performance computing through the design, development and advanced packaging of specialty memory solutions. Our robust portfolio ranges from today’s leading edge technologies to standard and legacy DRAM and Flash storage products. We provide standard, ruggedized and custom memory and storage solutions that meet the needs of diverse applications in high-growth markets. 

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