BEIJING, Aug 26 (Bernama-BUSINESS WIRE) -- A few days ago, the Laos government released a report predicting that the GDP growth rate will be 6.7% in 2019, the industry will become the biggest driving force. It is estimated that the industrial growth rate will be 8.3%. Khanpei, a member of the Lao parliament, told reporters that many garment manufacturers and electronic equipment companies are gradually shifting their production bases to Laos. After the opening of the China-Laos railway, the transportation costs will be reduced. Laos' industrial modernization will benefit from the Railway.
Interconnection Between Laos and ASEAN Countries Will Also Rely on it The China-Laos Railway project invested and built mainly by China and directly connected with China's railway network. The 414 km long railway adopts Chinese technical standards and equipment, and is scheduled to be completed in December 2021. The China-Laos Railway Project is a strategic docking project between China's Belt and Road Initiative and Laos' strategy of “transforming the land-locked country into a land-linked country”. The Laos government attaches great importance to it and has set up a Project Steering Committee headed by the minister of the Department of Public Works and Transportation to coordinate and promote the construction of China-Laos Railway. Khansu Benyaoun, the deputy secretary of the Lao Central Commission for Discipline Inspection, once said in an interview: “The China-Laos Railway will speed up the process of integration and interconnection between Laos and ASEAN countries, become a major transportation artery that runs through the north and south of Laos, become a new engine for the modernization of Laos.” Action Plan for China and Laos to Build a Community of Common Destiny In April 2019, the two countries signed the Action Plan for China and Laos to Build a Community of Common Destiny. Today, they are seeking to upgrade the closeness into strategic mutual assistance, political mutual assistance and economic mutual assistance. China has provided a large amount of free aid and interest-free loans to help Laos get rid of underdevelopment situation. Now, Laos will become the “starting station” for China to push forward the “Belt and Road” Plan and is expected to become the most potential production capacity center in the region. View source version on businesswire.com: https://www.businesswire.com/news/home/20190823005378/en/ Contact Yu.Ji [email protected] www.queqicn.com Source : Queqi Media Culture Co., Ltd
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CENTURY BOND BHD. ("CBB" OR "COMPANY")
SELECTIVE CAPITAL REDUCTION AND REPAYMENT EXERCISE TO BE UNDERTAKEN BY CBB PURSUANT TO SECTION 116 OF THE COMPANIES ACT, 2016 ("ACT") ("SCR) KUALA LUMPUR, Aug 23 (Bernama) -- We refer to the press releases in relation to the SCR dated 16 April 2019, 22 April 2019 and 20 June 2019 (collectively "Press Releases"). Unless otherwise defined herein, all expressions used in this press release shall carry the same meanings as defined in the Press Releases. On behalf of the Board, CIMB Investment Bank Berhad wishes to announce that the High Court of Malaya had today granted an order confirming the SCR Pursuant to Section 116 of the Act ("Order"). Pursuant thereto, all required approvals for the SCR have been duly obtained. Following the above, CBB will proceed to extract the Order and lodge a copy of the Order with the Companies Commission of Malaysia in accordance with Section 116 (6) of the Act. Click here to view the full release Source: CIMB Group Global Cosmetics Powerhouse Champions Female Leadership Around the World DALLAS, Aug 23 (Bernama-BUSINESS WIRE) -- Mary Kay Inc., a leading corporate advocate of women’s empowerment and entrepreneurship, announced the appointment of Katherine Weng as General Manager for Mary Kay (China) Co., Ltd. Based in Shanghai, Weng will report directly to Mary Kay’s Asia Pacific Region President, KK Chua. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190822005337/en/ “Katherine’s tireless work ethic, strategic mindset, and ability to forge long-term relationships have enabled Mary Kay China to reach new heights,” says Chua. “She is passionate about our mission to enrich women’s lives. She understands our Independent Beauty Consultants’ needs and works hard to fulfill those needs to support their businesses. Within the company, she has successfully created a seamless link between sales, marketing and operations. We look forward to continued growth in China under her leadership.” Mary Kay began operations in China more than 20 years ago and has quickly grown to be one of the company’s top three international markets. Weng’s appointment is just the latest in Mary Kay Inc.’s decades-long commitment to empowering women to serve in leadership positions around the globe. Women in leadership positions at Mary Kay is a driving force to its success:
Weng started her career as a Shanghai Branch and Customer Service Manager for Mary Kay China in 1995 and has held various key positions in the last 24 years, most recently as Sr. Commercial Vice President. She has been an integral part of the leadership team in China and has made a significant contribution to the growth and success of Mary Kay China. Weng earned her Master of Business Administration degree from Latrobe University in Melbourne, Australia. About Mary Kay One of the original glass ceiling breakers, Mary Kay Ash founded her beauty company more than 55 years ago with three goals: develop rewarding opportunities for women, offer irresistible products, and make the world a better place. That dream has blossomed into a multibillion-dollar company with millions of independent sales force members in nearly 40 countries. Mary Kay is dedicated to investing in the science behind beauty and manufacturing cutting-edge skin care, color cosmetics, fragrances and nutritional supplements. Through The Mary Kay Foundation™, the company has awarded more than $78 million to cancer research and causes to help end domestic violence. Mary Kay Ash’s original vision continues to shine—one lipstick at a time. Learn more at www.marykay.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20190822005337/en/ Contact Mary Kay Inc. Corporate Communications marykay.com/newsroom 972.687.5332 or [email protected] Source : Mary Kay Inc. HONG KONG, Aug 23 (Bernama-BUSINESS WIRE) -- AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of Korea P&I Club (KP&I or the Club) (South Korea). The outlook of these Credit Ratings (ratings) is stable.
The ratings reflect KP&I’s balance sheet strength, which AM Best categorizes as strong, as well as its strong operating performance, limited business profile and appropriate enterprise risk management. The ratings also reflect the wide range of support that the Club receives from the South Korea government. KP&I’s risk-adjusted capitalization remains at the strongest level, as measured by Best's Capital Adequacy Ratio (BCAR). The Club has demonstrated a track record of healthy capital growth over the past five years. In 2018, KP&I’s capital and surplus grew by 7.4%, supported by its strong operating performance and full retention of net income. KP&I has achieved highly profitable underwriting results over the past five years, although its performance in 2018 declined due to a drop in gross premium written and increased expenses. The Club continues to benefit from its conservative investment strategy, which yields a stable stream of interest income. In 2018, the depreciation of the South Korean Won against the U.S. dollar led to a foreign exchange gain, which had a positive impact on KP&I’s operating performance and net profit. KP&I has a relatively small presence in the global P&I market in comparison to members of International Group of P&I Clubs as its business is highly concentrated in South Korea. Amid increasing competition in its domestic market, the Club has been working on multiple initiatives to secure its market position, including strategic partnerships with the International Group of P&I Clubs, a new business opportunity under the government’s plan to build new vessels to support South Korea’s shipping industry and overseas expansion. AM Best considers KP&I’s risk management capabilities to be appropriate given its risk profile. The Club follows strict underwriting guidelines and maintains a conservative reinsurance strategy. KP&I was founded in 2000 under the Ship Owners’ Mutual Protection and Indemnity Association Act. Aside from its strategic role in the long-term development of the country’s marine infrastructure, the Club benefits from various support measures by the South Korea government, including corporate tax exemption and government subsidies, which serve as positive rating factors. Negative rating actions could occur if there is a material decline in the Club’s risk-adjusted capitalization or sustained deterioration in its operating performance. 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 Understanding Best’s Credit Ratings. For information on the proper media use of Best’s Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Best’s Credit Ratings and AM Best Rating Action Press Releases. AM Best is a global rating agency and information provider with a unique focus on the insurance industry. Visit www.ambest.com for more information. Copyright © 2019 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED. View source version on businesswire.com: https://www.businesswire.com/news/home/20190822005356/en/ Contact Chanyoung Lee Senior Financial Analyst +852 2827 3404 [email protected] Christie Lee Senior Director, Analytics +852 2827 3413 [email protected] Christopher Sharkey Manager, Public Relations +1 908 439 2200, ext. 5159 [email protected] Jim Peavy Director, Public Relations +1 908 439 2200, ext. 5644 [email protected] Source : AM Best KUALA LUMPUR, Aug 21 -- This year’s Taoyuan Land Art Festival will start on Sept 6 until 22, at Bade District, Taoyuan in Northern Taiwan, featuring 34 artworks created by local and foreign artists.
Themed ‘New Landscape’, the festival will also feature five forums, 40 luminaries shows and 200 events including workshops and international art exchanges. The annual event will serve as the core exhibition area supported by surrounding pond areas, according to a statement. Two subsidiary exhibition areas at the Taoyuan Children's Art Museum in Qingpu and Xipo Pond Ecology Park, as well as an exhibition at Bade Pond and Eco Park, will also be presented this year. With the concept of ‘Protecting the Present and Striving for a Better Future’, the festival will explore, recall, interpret, exhibit and rediscovery different aspects of ‘landscape’. More information at http://taoyuanlandart.com.tw. -- BERNAMA KUALA LUMPUR, Aug 21 -- PubMatic, a premium digital technology company has released the findings of its Second Quarterly Mobile Index 2019 (Q2 QMI 2019), which highlights three key trends towards providing advertisers and publishers with insights around mobile advertising.
Leading to smarter programmatic strategies and future mobile opportunities, the trends show a remarkable ecosystem push towards higher mobile inventory quality and buyer transparency, with mobile in-app environment at the forefront of this growth. The top three trends for the Q2 QMI 2019 are the mobile in-app inventory which unlocks revenue for the advertising industry, in-app PMPs taking centre stage in programmatic media buying, and videos fuelling in-app spending during political events. In a statement, PubMatic’s said based on its findings, in-app inventory had seen significant changes, as for the first time iOS emerged as the leading in-app operating system, while the Asia Pacific surpassed Europe, the Middle East and Africa, as the second largest region for in-app ad impressions in the second quarter. PubMatic’s yield and data analytics team analysed over 13 trillion advertiser bids on a monthly basis, utilising its best-in-class analytics capabilities. The Q2 QMI 2019 incorporated impressions, revenue and eCPM data from the reports to provide a high-level analysis of key trends within the mobile advertising industry. The full report is available at https://pubmatic.com/reports/pubmatic-qmi-q2-2019. -- BERNAMA KUALA LUMPUR, Aug 21 (Bernama) -- IDEAL INDUSTRIES INC chairman and chief executive officer (CEO), Jim James will retire on Jan 31 next year.
Illinois Tool Works (ITW) group president, Steve Henn will succeed him as the CEO on Sept 23. Meanwhile, as long-planned, a fourth-generation family executive, Meghan Juday will become the chairman of the 103-year old family company on Feb 1, 2020, when James retires. “I believe that after 11 years or so, it is time others get an opportunity to make their mark on the organisation,” said James, who announced his decision to the family and board of directors in the past two years. Commenting on the new CEO appointment, the succession committee chairman, Chris Baldwin noted that Henn brought proven expertise in global management, acquisitions and integrations, innovation, high performance team development and manufacturing. “He is consistently produced revenue and profit growth in dynamic, challenging and changing markets,” Baldwin added. IDEAL INDUSTRIES INC is a diversified global family business, designing and manufacturing superior products, tools advanced technology solutions for various industries. -- BERNAMA Company’s new InSight Face product scores highest accuracy, efficiency, and customer satisfaction
LOS GATOS, Calif., Aug 21 (Bernama-GLOBE NEWSWIRE) -- Tascent, Inc.,the leader in intuitive biometrics, today announced that it has received top performance marks in all categories in the US Department of Homeland Security’s 2019 Biometric Technology Rally. Benchmarked against a total of 14 leading products, Tascent’s InSight Face cooperative face recognition solution delivered the highest accuracy, highest efficiency, and highest customer satisfaction of all competitors, and was the only solution to meet all of DHS’s goals for the evaluation. In its second year, the DHS Biometric Technology Rally sought to compare the performance of various capture devices, algorithms, and modalities in a realistic use case that mimics airline boarding or comparable high throughput travel facilitation environments. For each device under test, users representing a broad demographic distribution were instructed to walk through an 8-foot long capture zone, follow any instructions provided, and provide feedback on the user experience. The resulting facial biometric images were then compared against an enrolled gallery and assessed for matching performance. The DHS official test results, which refer to Tascent by team code name “Teton,” show that Tascent InSight Face delivered a 0.0% Failure to Acquire Rate, a 99.5% True Identification Rate, a 98.1% Satisfaction Rating, and an average throughput (“Efficiency”) of 2.7 seconds, including the transit through the 8-foot zone. These results were unmatched in any category by the other test participants. Official results can be found at https://mdtf.org/Rally2019/Results2019. “We’re thrilled to have the results from the 2019 Biometric Technology Rally validate our perspective that a biometric system can deliver on convenience, accuracy, user experience, and inclusion without compromise,” said Dan Potter, VP of Research and Development at Tascent. “With biometric authentication increasingly recognized as a critical technology enabler, this holistic approach to biometric performance will be crucial both for businesses and government organizations.” InSight Face, Tascent’s fifth-generation high throughput biometric system, will be released in late 2019. It combines the award-winning industrial design of Tascent InSight One with a seamless “on-the-move” face recognition capture capability that works with individuals or small groups. As opposed to a surveillance or CCTV-based face recognition solution, InSight Face is a cooperative system that actively engages users to deliver an intuitive and welcoming experience. “Biometrics is already transforming air travel on a global scale, delivering new levels of efficiency, personalization, and convenience to airlines, airports, and travelers,” said Alastair Partington, Founder and Co-CEO of Tascent. “The level of performance and usability we’re now seeing positions biometric authentication to disrupt not just air travel, but every industry that values positive customer engagement and streamlined customer experiences. We’re excited for this new generation of cooperative biometric solutions to give individuals more options in how they choose to interact with organizations – securely, conveniently, and with confidence.” About Tascent Tascent harnesses the power of biometrics to enable frictionless experiences in a connected world. We focus on creating intuitive hardware, software, and services, providing comprehensive capabilities for tailored identity solutions. Through partnerships, we deliver the strength of trusted identity to positively impact travel, financial services, ticketing and events, workplace access, government services, and humanitarian efforts. While many biometric companies offer products that are complex and unintuitive, Tascent makes it easy for our partners to integrate and deploy approachable yet robust multimodal biometric identity systems. Today, our biometric devices and solutions serve tens of millions of people each year in some of the most challenging environments. We strive to innovate and create products that address unmet needs for critical-yet-routine identity processes, making lives simpler and easier. Based in Silicon Valley, CA, Tascent supports customers and partners globally through our offices in Washington DC, Dubai, London, and Singapore. www.tascent.com A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/72d1ca66-9694-445b-8178-316a70bf9283 The photo is also available via AP PhotoExpress [email protected] 408-335-4700 SOURCE : Tascent, Inc. AVIATION WEEK NETWORK EXPANDS URBAN AIR MOBILITY CONFERENCES TO ASIA AND EUROPE STARTING NEXT MONTH20/8/2019 Learn about future of air transportation with industry pioneers
NEW YORK, Aug 20 (Bernama-GLOBE NEWSWIRE) -- Aviation Week Network has expanded its Urban Air Mobility conference series to include Urban Air Mobility Asia-Pacific (#UAMAP), happening on Wednesday, September 25 at the Singapore Expo Convention and Exhibition Centre; and Urban Air Mobility Europe (#UAMEU), happening Wednesday, October 16 at the ExCeL Centre in London. These shows come on the heels of the great success of the inaugural Urban Air Mobility Conference, which was held this past April in Atlanta, Georgia. The upcoming conferences will feature some of the biggest players in the industry including: Asia-Pacific:
“From vehicles to systems and infrastructure, from entrepreneurial startups to industry giants, NASA estimates more than 400 companies are already engaged in the emerging urban air mobility market. The challenges are huge, but the potential of UAM is enormous and the progress being made is real,” said Graham Warwick, Managing Editor for Technology, Aviation Week Network. The UAM conferences bring together manufacturers, regulators, disruptors, technology innovators, municipal leaders, and the infrastructure and investment community working together to create on-demand electrification and aviation for smart cities and a new future for manned and unmanned air transportation. Attracting the major players in this new sector, the conference is a must-attend for those in the industry. “We expanded the Urban Air Mobility series based on demand from our partners in Asia and Europe who are players in this transformative industry,” said Lydia Janow, Managing Director, Events, Aviation Week Network. “Attendees and speakers are the pioneers in urban air mobility and they are looking forward to gathering to learn, share knowledge and make valuable contacts.” The sector is now at a stage where prototypes are being invested in to prepare for commercialization and deployment throughout the world. Leaders in the urban air industry will offer attendees a peak into the future of air taxis and other new types of air transportation. ABOUT AVIATION WEEK NETWORK Aviation Week Network is the largest multimedia information and services provider for the global aviation, aerospace, and defense industries, serving 1.7 million professionals around the world. Industry professionals rely on Aviation Week Network to help them understand the market, make decisions, predict trends, and connect with people and business opportunities. Customers include the world's leading aerospace manufacturers and suppliers, airlines, airports, business aviation operators, militaries, governments and other organizations that serve this worldwide marketplace. Aviation Week Network’s portfolio delivers award-winning journalism, data, intelligence and analytical resources, world-class tradeshows and conferences, and results-driven marketing services and advertising. Our principle is helping our customers succeed. Aviation Week Network is part of Informa Markets, a division of Informa PLC. ABOUT INFORMA MARKETS Informa Markets creates platforms for industries and specialist markets to trade, innovate and grow. Our portfolio is comprised of more than 550 international B2B events and brands in markets including Healthcare & Pharmaceuticals, Infrastructure, Construction & Real Estate, Fashion & Apparel, Hospitality, Food & Beverage, and Health & Nutrition, among others. We provide customers and partners around the globe with opportunities to engage, experience and do business through face-to-face exhibitions, specialist digital content and actionable data solutions. As the world’s leading exhibitions organiser, we bring a diverse range of specialist markets to life, unlocking opportunities and helping them to thrive 365 days of the year. For more information, please visit www.informamarkets.com. CONTACT: Elizabeth Kelley Grace 855.525.2899 (office) +1-561.702.7471 (mobile) [email protected] SOURCE : Aviation Week Network KUALA LUMPUR, Aug 19 (Bernama) -- AM Best has affirmed Sompo Japan Nipponkoa Insurance Inc’s (SJNK) financial strength rating (FSR) at A+ (superior) and long-term issuer credit rating (Long-Term ICR) at ‘aa-’, with a stable outlook.
In a statement today, the global rating agency said SJNK’s ratings reflected its strong balance sheet as well as its strong operating performance, favourable business profile and appropriate enterprise risk management. The company’s balance sheet strength was supported by its risk-adjusted capitalisation, assessed to be at the strongest level, as measured by AM Best’s Capital Adequacy Ratio. The company’s financial ratios remained conservative, with adjusted debt leverage ratios generally under 25 per cent, albeit slightly higher than some of its peers. Meanwhile, AM Best has also affirmed the FSR at A+ (superior) and the Long-Term ICR at ‘aa-’ of the operating subsidiaries of Sompo International Holdings Ltd (SIH) Pembroke, Bermuda. The rating agency also affirmed SIH’s subsidiaries’ FSR at A+ (superior) and the Long-Term ICRs at ‘aa-’ with a stable outlook. The list of subsidiaries includes Endurance Specialty Insurance Ltd, Endurance Assurance Corp, Endurance Worldwide Insurance Ltd and Endurance American Specialty Insurance Co. More details are available at www.ambest.com -- BERNAMA |
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