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Sustainability Summit in Asia 2018: Is the Circular Economy Achievable in Asia?

Policymakers, businesses and consumers need to align interests in order to realise the circular economy to drive nation's growth   KUALA LUMPUR, MALAYSIA - Media OutReach - 15th November 2018 - Implementing the circular economy is arguably the best chance Asia has in reversing the causes of climate change and achieving the environment-focused sustainable development goals. Yet there are challenges to be met. Businesses and policymakers need to work together to adopt long-terms initiatives to realise the circular economy for the country's growth.   Leading the conversation, over 200 scientists, business leaders, entrepreneurs, policymakers, regulators, NGO representatives and academics across Asia gathered at Sunway City, Kuala Lumpur for a stimulating discussion about the circular economy.   "Asian governments, companies, groups and others can use circular initiatives to benefit changing societies without sacrificing economic growth. From mass urbanisation to innovation in agriculture, new ideas for sustainable initiatives matter to the region and to The Economist. By bringing global and regional experts to Kuala Lumpur we plan to debate how such ideas can be implemented effectively," said Miranda Johnson, South-East Asia correspondent at The Economist.   The full-day summit themed 'Going Full Circle' opened with a dialogue on policy framework for sustainable development goals adoption in Asia before outlining the need to drive mainstream conversation among policymakers, businesses, as well as citizens to embrace long-term initiatives that will lead to positive effect in economic goals while leaving a better planet for future generations.   Speaking to conference attendees, Sadhguru, the founder of Isha Foundation had a very pragmatic, reconciliatory message geared to galvanise positive action. "We need not destroy business, we need to transform businesses. We should strive to officiate the marriage between ecology and e more

2018 Taipei International TV Market & Forum opens: A new ecosystem for the TV content industry and a blossoming of cross-sectoral innovation

TAIPEI, TAIWAN - Media OutReach - November 15, 2018 - The 2018 Taipei International TV Market & Forum opened on November 13 at the Taipei Marriott Hotel. The 2018 Taipei International TV Market & Forum, running through November 15, is Taiwan's largest annual TV rights trading event.2018 Taipei International TV Market & Forum opens: A new ecosystem for the TV content industry and a blossoming of cross-sectoral innovation   Deputy Minister of Culture Celest Ting, Taiwan Broadcasting System Chairperson Tchen Yu-chiou, Kiribati Ambassador to the Republic of China Tessie Eria Lambourne, Deputy Director of the Hungarian Trade Office, and representatives from the Polish Office in Taipei, Spanish Chamber of Commerce, and Bureau Francais de Taipei joined in the opening event with first-time buyers from Iran's TVA IPTV and Norway's Northern Film Group.   In remarks, Deputy Minister, Ting, stated that audiovisual content is a critical indicator of a nation's cultural brand. Over the last two years, the Ministry of Culture has shifted from authoritative role to a supportive partner. In doing so, it has forged more links to the pop music, publishing, ACG, and cultural assets sectors, which in turn has led to a renaissance in Taiwan's cultural content. In remarks, foreign representatives posted to Taiwan were looking forward to greater cooperation with Taiwan on film and television projects. Taiwan is a rich, varied historical and cultural landscape whose stories are ripe for developing into audiovisual products. From historical, cultural and technical perspectives, Taiwan is therefore an ideal partner for audiovisual projects. The foreign representatives were happy to work together to build up Taiwan's audiovisual brand.   The Bureau of Audiovisual and Music Industry Development under the Ministry of Culture (BAMID) pointed out that participants in this year's event included well-known TV stations/channels, documentary filmmakers, more

Kenetic Bucks Crypto Market Trend with YTD 77% Returns in Investment Portfolio

Kenetic Forms Strategic Partnership with Venture Smart Asia Limited to Offer Professional Investors Access to Cryptocurrency Investment Funds   HONG KONG, CHINA - Media Outreach- November 15, 2018 - Kenetic, a blockchain investment and advisory firm based in Hong Kong, has revealed that its proprietary investment portfolio has recorded year-to-date returns of 77 percent as of October 31, 2018, against a backdrop of major losses in the cryptocurrency market.   After hitting its record high in December 2017, Bitcoin has fallen over 50 percent in 2018 and the overall crypto market is down around 65%.   Kenetic's proprietary investment portfolio is comprised of its best ideas that have undergone thorough due diligence by its experienced investment team. Its alpha-generating strategies are largely focused on early stage investments, catalyst driven events and macro themes, complemented by prudent risk management and proprietary in-house trading tools.      "As active leaders in the global blockchain community, we see where the strongest investment opportunities lie and rising trends that are influencing traditional industries," said Daniel Weinberg, CEO of Kenetic. "During this volatile period, our proprietary investment portfolio continued to outperform many crypto funds as a result of our deep institutional investment experience and strong risk management."   To facilitate professional investor access to these opportunities, Kenetic and Venture Smart Asia Limited (VSAL), a wholly-owned subsidiary of Venture Smart Financial Group (VSFG) and a Hong Kong Securities and Futures Commission-licensed corporation that provides wealth management and asset management services, have established a strategic partnership that will give qualified professional investors access to cryptocurrency investment funds.   Through this partnership, the two companies will work together to develop cryptocurrency in more

MSIG Launches Home SafeGuard

Innovative New Product Incorporates PIAM Building Cost Calculator and Offers up to 30% Premium Discount To Customers  KUALA LUMPUR, MALAYSIA - Media OutReach - 15 November 2018 - MSIG Insurance (Malaysia) Bhd (MSIG Malaysia) has launched Home SafeGuard, a new home protection policy.   As the 2nd largest Fire Insurer* in Malaysia, MSIG's Home SafeGuard is a home insurance product that encourages the use of Persatuan Insurans Am Malaysia's (PIAM's) online Building Cost Calculator (BCC) tool. Homeowners can obtain an estimated rebuilding cost for their property based on the current market rates for labour and materials.  PIAM has engaged a Professional Quantity surveying company to provide credible building cost index data into the BCC on an annual basis.   Previously, homeowners could only obtain a rebuilding estimate through a Registered Valuer and, as a result, many homeowners did not regularly update their property's 'insured value' as engaging a Registered Valuer can be both costly and/or time consuming. This is a problem because the costs of rebuilding may rise every year due to increased cost of building materials and labour charges. As a result, some homeowners, when struck by misfortune, could find that their home insurance pay-out would not adequately cover the increased costs, particularly if enhancements and renovations had been made to the property.   By using the PIAM's BCC tool to value their own properties, MSIG hopes to simplify the renewal task, making it much easier for customers to review their property sum insured and thereby having certainty of adequacy and avoid underinsurance especially when a home is usually the single biggest investment for most Malaysians.   To encourage consumers to use PIAM's BCC tool, MSIG is providing Home SafeGuard customers a significant up to 30% discount on their premiums, as well as other new benefits.   These include: Constructive Total LossIf the cos more

Trend Micro and Moxa Announce Letter of Intent for Joint Venture to Tackle Security Needs In Industrial IoT Environments

Demand for increased protection where IT meets OT drives decision to form new company   HONG KONG, CHINA - Media Outreach- November 15, 2018 - Trend Micro Incorporated  (TYO: 4704; TSE: 4704), a global leader in cybersecurity solutions, and Moxa Inc., a leader in industrial communications and networking, today announced they have executed a letter of intent relating to the formation of a joint-venture corporation--TXOne Networks--which will focus on the security needs present in the Industrial Internet of Things (IIoT) environments, including smart manufacturing, smart city, smart energy and more.   Historically, within industrial environments Information Technology (IT), and Operations Technology (OT), have operated within industrial organizations as isolated and independent networks, with different teams, objectives and requirements. Organizations are full of machinery and devices that were not originally designed for the connectivity to the corporate network, which means they often lack the ability to be easily updated or patched for security measures. There is a critical need to secure these devices, identify clear ongoing ownership and to provide a holistic view across the broadening attack surface within enterprises.   Trend Micro, majority owner in TXOne Networks, identified the potential challenges faced by IIoT stakeholders early on and has been working on several fronts to secure the entire ecosystem, from data center to device. Moxa Inc. brings more than 30 years experience of industrial networking and protocol expertise. TXOne Networks combines these strengths and responds to the growing security needs of the industrial industry, such as smart factories that require a unified solution for delivering deeper visibility into both devices and protocols. These complicated environments are made up of multiple layers requiring protection that sits in and  between IT and OT. The responsibility for the more

Compensation and Benefit Trends 2018: Modest Increase in Salaries as Voluntary Turnover Rises in Thailand

BANGKOK, THAILAND - Media OutReach - 15 November 2018 - The average salary increase across industries surveyed in Thailand is expected to rise slightly from 5.2% to 5.3% in 2019, according to the Total Compensation Measurement (TCM) Study and Benefit Survey 2018 conducted by Aon (NYSE: AON), a leading global professional services firm providing a broad range of risk, retirement, and health solutions. Companies in the Life Sciences industry (Pharmaceutical) report the highest increase rate at 7.2% as a result of superior business performance across the industry and an increased focus on retaining good talent.    Performance level of employees continues to drive pay with top performers getting higher total variable pay than other employees on average.   The survey also reveals that turnover rate in 2018 has increased to 16.9% from 16.6% in 2017. This is driven mainly by a growing job market and a younger workforce. From the study, top three reasons that attribute to turnover are 1) better external opportunity, 2) limited growth opportunity internally, and 3) equity of compensation.   Mr. Panuwat Benrohman, Partner and Managing Director--Talent, Rewards and Performance, Aon Thailand said: "Increase in turnover isn't surprising in the current business landscape. The new generation workforce generally does not want to wait for a year to earn an average salary increase when they can get a much higher increase with a change of employer."    Other key findings of the Thailand TCM Study and Benefit Survey 2018 are:   The average bonus rate is at 2.03 months or 16.94% of annual base salary.Top five employee benefits provided by organisations in 2018 are: 1. Medical Inpatient 2. Medical Outpatient 3. Retirement Benefit (Provident Fund) 4. Group Accidental Insurance  5. Life Insurance Highest employee benefits costs are towards: 1. Company Car and Transport Allowance 2. Re more

2018 leSF 10th Esports World Championship opened in Kaohsiung, Taiwan

KAOHSIUNG, TAIWAN - Media OutReach - Nov.15, 2018 - 2018 leSF 10th Esports World Championship opened in Kaohsiung on Nov.9 with more than 700 players from 48 countries participating. It marked the first time this dynamic city in southern Taiwan hosted such an international esports event.2018 leSF 10th Esports World Championship in Kaohsiung is the first international esports competition ever held in Taiwan.   Acting Kaohsiung Mayor Hsu Li-ming thanked the host, Chinese Taipei Esports Association, and co-sponsors and supporting enterprises of the competition, which took place in Kaohsiung Arena until Nov.11. He also expressed appreciation to Chinese Taipei Olympic Committee and Olympic Council of Asia for sending representatives to the opening ceremony, which featured parade of players, sworn-in, and flag-hoisting.   Hsu hoped all guests and participants of the game would bring back home wonderful memories of Kaohsiung, and carve out together a glorious page in the world esports history.   Hsu said hosting the 2018 world esports competition pushed Taiwan a giant step forward in its globalization efforts. It created a platform for young people in the country to interact with video game enthusiasts in other parts of the world while widening Taiwan's exposure to the industry.   Local video game fans are able to obtain knowledge, skills and training from courses and programs on esports offered by local vocational schools and universities, Hsu said. Having the championship held in Taiwan would inspire and encourage them to further tap into the esports world, added Hsu.   They would have the opportunities to learn from top players from around the world to observe management and marketing skills of the esports competition in such large scale, and to listen to first-hand analyses of commentators.   Hsu added that Kaohsiung won the honor to hold the Rift Rivals in 2017 for Asia, which paved the way for the metropolitan to host more

YCH Group Drives ASEAN BAC’s Legacy Project, SGConnect™ In Vietnam Together With T&T Group

YCH Group will also support in key growth areas, namely urban solutions, smart logistics and robotics   SINGAPORE - Media OutReach - 15 November 2018 - YCH Group, Asia Pacific's leading integrated end-to-end supply chain management and logistics partner signed a Memorandum of Understanding (MoU) with T&T Group, a multi-industry Vietnamese corporation to look at establishing Smart Growth Centres in Ho Chi Minh and Hanoi as part of SGConnect™ (Smart Growth Connect), ASEAN Business Advisory Council's (ASEAN BAC) fifth Legacy Project.   As the supply chain hub for urban cities, these Smart Growth Centres aim to distribute and manage a range of different products for the city population while reducing socio-economic burden such as pollution, congestion and noise.  These Centres will maximise distribution efficiencies, with data-enabled real-time visibility of goods movements and quality control.   T&T Group will be working with the Vietnamese government and its local authorities for all necessary works and procedures during the location selection and project implementation process. YCH Group will establish the project implementation plan, including the list of investment items and a detailed action plan.   The MoU was endorsed by ASEAN BAC at the ASEAN Business and Investment Summit 2018.  Along with the announcement of the MoU, ASEAN BAC also shared about Oeuvre, a new app-based solution that would relieve city traffic congestion by intelligently coordinating goods deliveries across the cities based on the availability of loading bays at retail malls and key delivery nodes. Solutions such as Oeuvre would be one of many technologies incorporated into the Smart Growth Centres.      ASEAN Business Advisory Council witnessed the MoU between YCH Group, represented by Ms Chan Yoke Ping, Regional Director (fifth from right) and T&T Group, represented by Mr Doan Tuan Anh, Deputy General Director more

New Miniature Cam Latch from Southco Offers Minimal Protrusion for Limited Space Applications

HONG KONG, CHINA -  Media OutReach - November 15, 2018 - Southco Asia Ltd., a subsidiary of Southco Inc., a leading global provider of engineered access solutions such as locks, latches, captive fasteners, electronic access solutions and hinges/ positioning technology, has  added to its broad range of cam latches with the introduction of the miniature E5 Cam Latch. Featuring a 30% reduction in intrusion compared to Southco's standard E5 Cam Latch series, the miniature E5 Cam Latch provides a significantly smaller footprint for limited space applications.   Southco's miniature E5 Cam Latch is NEMA 4 and IP65 compliant, providing moderate to high resistance to dust and water ingress. Economical and easy to use, the miniature E5 Cam Latch offers various tool styles and manual actuation options to accommodate application security requirements. Available in multiple grip sizes, the miniature E5 is ideal for applications with light duty doors, or where the inside of the enclosure has limited space and only permits minimal latch intrusion.    Global Product Manager Loc Tieu adds, "The miniature E5 Cam Latch is a simple and affordable solution for limited space applications. Reduced packaging and varying options for grip and actuation make the miniature E5 suitable for a wide range of industry applications."   Miniature E5 Cam Latch   About Southco Southco, Inc. is the leading global designer and manufacturer of engineered access solutions. From quality and performance to aesthetics and ergonomics, we understand that first impressions are lasting impressions in product design. For over 70 years, Southco has helped the world's most recognized brands create value for their customers with innovative access solutions designed to enhance the touch points of their products in transportation and industrial applications, medical equipment, data centers and more. With unrivalled engineering resources, innovative products and a d more

Reeracoen released “Ultratech”, as the first ever prepayment salary service in Indonesia

This new launch of HRtech service is aimed to provide welfare benefits to employees to improve their quality of work.   JAKARTA, INDONESIA - Media OutReach - 15th November 2018 - PT. Reeracoen Indonesia announced the launch of new HRtech service "Ultratech" that is capable to pay salary in advance to employees based on their performance and salary scale. It does not require customers to set up any bank account for their employees, or to change their payroll system or HR systems. On top of that, it does not require any extra man-hours at all. If a customer subscribes to "Ultratech" today, employee will be able to receive the payment by next morning at latest. Customers may easily subscribe to this service via smart phone, laptop, or any computer. Since the launch date in May, 2018, more than 100 companies with over 40,000 employees are using this service.   "We are planning to expand our users up to 50,000 within a year." said Mr. Suryanto Wijaya, President Director of Reeracoen Indonesia. The objective of Reeracoen Indonesia is to contribute wholeheartedly for employees in Indonesia by creating such an environment where HRtech service becomes available for anyone to access and to finally make the society to be flexible to live together.   Mr.Suryanto established Reeracoen Indonesia in 2013 to provide recruitment service and HRtech. Over the course of years, he found out that there are many demands from employees who request for advance salary due to shortage of living expenses. At the same time some employees are unable to pay back to their employers which also led to a business issue for employers. These have become Indonesia's social issue in which the government has also been trying to solve by implementing some policies. "Reeracoen Indonesia's mission is to solve this social issue with 'Human' and 'Technology'. We wish to improve Indonesia's Financial Inclusion from these kind of situations." stated Mr.Suryanto. more

DHL plugs in to Shopify Singapore to enable simpler worldwide shipping

Retailers and brands on Shopify can enjoy affordable and reliable shipping by installing the DHL eCommerce plugin to ship their products worldwide New Singapore-based businesses built with Shopify will now enjoy attractive shipping promotions from DHL   SINGAPORE - Media OutReach- 15 November 2018 - DHL eCommerce, a division of the world's leading logistics company, Deutsche Post DHL Group, is working with Shopify, a leading e-commerce platform, to enable Singapore-based merchants to easily ship to their customers worldwide through a seamless plugin on a single platform. All new Singapore-based businesses built with Shopify will also enjoy special promotions for cross border shipping with DHL. Currently over 60% of Singapore-based merchants sell and ship their products internationally through the Shopify platform, and with the cross-border e-commerce opportunity continuing to grow, the DHL eCommerce plugin will make it even easier for merchants to ship their goods internationally. "Cross border e-commerce continues to grow exponentially and this is apparent from the borderless buying behavior of online shoppers. 70% of online buyers made a purchase from a foreign site in 2017, up 6% from the year before and this trend is expected to continue. [1] To deliver to buyers across borders, sellers need simple and seamless shipping solutions to manage their orders and deliver to their customers worldwide. By building tools for global shippers on Shopify, we're making it easy to satisfy this exact requirement," said Senthil Kumar, Managing Director, DHL eCommerce Singapore. Integrating different online systems can be complex, especially for sellers who sell online across multiple sales channels. By hosting their e-commerce stores on platforms such as Shopify, sellers have access to a wide array of plugins to connect the dots from click to delivery. Improved visibility in delivery helps to more

Aruba Introduces New Secure, AI-Powered Mobility Innovations for the Experience Edge

New Series of 802.11ax Access Points, 802.11ax(Wi-Fi6)-optimized Switches, and AI-Powered Software to Give Organizations a Secure, Autonomous Network for the Mobile, Cloud and IoT Era HONG KONG, CHINA - Media Outreach- November 14, 2018 - Aruba, a Hewlett Packard Enterprise company (NYSE: HPE), today announced a new family of 802.11ax (Wi-Fi 6) IoT-ready wireless access points (APs) and complementary access switches, along with innovations in security, intelligent power management, and Artificial Intelligence (AI)-powered automation and service assurance, to deliver the performance, simplicity and reliability that organizations need to give users exceptional digital experiences. The new wireless APs support the latest Wi-Fi standard and are the first to be Wi-Fi Alliance (WFA) certified for the new WPA3 and Enhanced Open security standards to provide stronger encryption and simpler IoT security configuration. Aruba is also the first Wi-Fi vendor to integrate Bluetooth5, the latest version of the Bluetooth wireless communication standard, into its APs combined with an integrated Zigbee radio. These new capabilities enable IoT use cases, such as smart door locks and electronic shelf labels, while Bluetooth5 delivers user-aware indoor location allowing IT to create personalized experiences. In addition, Aruba is delivering industry-first power management innovations allowing customers to preserve their existing PoE switch investments while significantly reducing AP power consumption during off-peakhours. These unique features include Intelligent Power Monitoring, a capability delivered by Aruba Operating System (AOS) 8, and NetInsight Green AP, part of Aruba's AI-powered analytics and assurance solution. Enabling the Experience Edge Enterprises preparing for the future of work must offer engaging, consumer-like experiences and deliver technologies that enable, rather than hinder, s more

Jujiang Construction Announces the Acquisition of 80% Equity Interest in a Local Education Practice Base

Exploring More PPP Projects to Diversify Its Business   HONG KONG, CHINA - Media OutReach - 14 Nov 2018 - Jujiang Construction Group Co., Ltd. ("Jujiang Construction", together with its subsidiaries, the "Group"; stock code: 1459) is pleased to announce that, on 13 November 2018, the Company as purchaser and a third party as vendor entered into the Share Transfer Agreement, pursuant to which the Company agreed to acquire 80% of the Equity Interest in the Target Company from the Vendor at a cash consideration of RMB48,000,000.   The Target Company is a company established under the laws of the PRC and is principally engaged in the investment, development, construction and management of Tongxiang City Youth Quality Education Practice Base. The Target Company is a limited liability company with a registered capital of RMB 60,000,000 and has paid in full. In view of the Target Companies winning a Tongxiang City Youth Quality Education Practice Base public-private partnership ("PPP") project, the Board considered that, by acquiring the Equity Interest, the Group would be able to diversify the its business.   Mr. Lyu Yaoneng, Chairman of Jujiang Construction, said, "We have negotiated and followed up certain PPP Projects with thorough explorations and constant investigations, trying to look for collaboration. This acquisition provides the Group with accumulated experience and opportunities to explore more PPP Projects in the future, which will have a positive impact on the future development of the Group. We will continue to actively implement the three major strategies of 'major customer', 'going out' and 'quality business', and the Company's rapid and quality development will be positively facilitated. "   About Jujiang Construction Group Co., Ltd. Jujiang Construction was established in 1965 as one of the earliest construction companies in Jiaxing, Zhejiang Province. With more than 50 years' experience in the construction in more

Hyatt Announces Plans for Hyatt House Niseko, Japan

The Hyatt House brand will make its debut in Hokkaido in December 2018 HONG KONG, CHINA - Media OutReach - November 14, 2018 - Hyatt announced today that a Hyatt affiliate has entered into a management agreement with Hokkaido Alpine Resort Management GK, an affiliate of LimeTree Capital, for a 91-room Hyatt House hotel in Niseko, Japan. The upscale, extended stay hotel will be rebranded as Hyatt House Niseko on December 16, 2018. Situated in the very heart of Hirafu Village and within a short distance to Hirafu's main ski lifts, Hyatt House Niseko will allow guests to easily access the area's world-class powder snow and village attractions.   The Hyatt House brand is rooted in extensive consumer insights indicating that guests seek stylish, comfortable, seamless experiences that accommodate their lifestyles and familiar routines. To embody this, the brand offers casual hospitality and purposeful service in a smartly designed, high-tech and contemporary environment.   "We are excited to introduce the Hyatt House brand to Niseko, which will become another quality addition to our growing Hyatt House hotel portfolio in Japan. It has been a remarkable journey for the Hyatt House brand, which announced its entry into the country last year with plans for Hyatt House Kanazawa. Niseko boasts exceptional skiing conditions with an average snowfall of 15 meters over a long 100 days per season," said Asia Pacific Group President David Udell, Hyatt Hotels Corporation. "The Hyatt House brand will nicely align with the hotel accommodation travelers are looking for when they visit Niseko. Hyatt House Niseko will offer guests upscale, apartment-style accommodation in a comfortable setting tailored to their lifestyles and has all the conveniences of a home."    Ewan Munro, Senior Partner at LimeTree Capital commented: "Niseko has witnessed healthy development over the past ten years and is firmly established as Asia's lea more

Kaplan Learning Institute, the first private learning institute in ASEAN, to collaborate with IBM in enabling quality IT talent in Singapore

SINGAPORE - Media OutReach - 14 November 2018 - Kaplan Learning Institute (KLI), one of Singapore's leading corporate training and financial literacy provider, and IBM (NYSE), today officially announced the launch of the IBM Skills Academy @ Kaplan. The collaboration sees KLI adopting IBM's worldwide premier training and certification initiative to train those keen to bridge their digital skills gap and stand out from the competition.From left to right: - Mr Howie Lau, Chief Industry Development Officer, IMDA - Hwee Lee Yeo, Skills Programme Lead, IBM ASEAN and Skills Academy and University Programme Lead - Associate Professor Rhys Johnson, Chief Operating Officer & Provost, Kaplan Singapore - Ms Ang Li May, Deputy CEO, e2i   IBM Skills Academy @ Kaplan will offer eight courses in areas such as Blockchain & Big Data, to equip students with in-demand technical skills, and enable them to meet industry's requirements for new skills and expertise. Upon completion of each course, students will receive an industry-recognised IBM Digital Badge certifying their competence.   Supported by the Infocomm Media Development Authority of Singapore (IMDA) and the Employment and Employability Institute (e2i), IBM Skills Academy @ Kaplan seeks to answer the workforce needs of today's digital economy by transforming students into industry-focused professionals with face-to-face training in the application of latest infocomm technologies and tools.   Combining IBM's sophisticated digital learning assets with KLI's skilled training resources, this collaboration brings about an unparalleled blend of learning and ensures industry-relevant training in areas of high demand such as Information and Communications Technology (ICT).   This collaboration is aligned with the aim of Techskills Accelerator (TeSA). TeSA -- a national initiative driven by IMDA -- works toward building and developing a skilled ICT workforce for the more

Employer medical costs around the world expected to rise at nearly triple the rate of inflation in 2019, according to Aon report

Medical inflation in Singapore is expected to remain at 10 percent outpacing general inflation of 1 percent.   SINGAPORE - Media OutReach - 14 November 2018 - Medical plan costs paid by employers around the world are set to rise nearly 8 percent in 2019, far outpacing average general inflation of nearly 3 percent, according to the 2019 Global Medical Trend Rates Report released by Aon plc (NYSE: AON), the leading global professional services firm providing a broad range of risk, retirement and health solutions. The expected average increase before plan changes in medical and pharmacy cost for employer-sponsored medical plans in 2019 of 7.8 percent is slightly lower than the 8.4 percent in 2018 due to employer cost containment measures, tighter procurement of medical goods, new health improvement initiatives and lower rates of projected inflation worldwide.Tim Dwyer, CEO, Health Solutions, Asia Pacific, Aon.   Medical trend rate in Asia Pacific will decrease from 8.9 percent in 2018 to 8.6 percent in 2019. This rate is higher in Singapore at 10 percent and is expected to remain the same in 2019 -- despite a lower projected general inflation of just 1 percent. On the other hand, medical inflation in Hong Kong is expected to rise from 6.2 percent in 2018 to 8.3 percent in 2019.   In China, medical trend rate will increase from 5.5 percent in 2018 to 6 percent in 2019. The Chinese government's regulation to limit the number of intermediaries in the distribution of pharmaceutical and medical products to two is expected to temper medical inflation in future. Medical trend rate in India is at 9 percent and is expected to remain the same in 2019. Insurers there are now required to set premium rates based on portfolio claim experience and avoid artificially low fees for competitive advantage.   In Singapore, cancer and cardiovascular issues are the top medical conditions driving up medical plan costs -- while increasing levels of more

SAP honored with prestigious “Friend of ASEAN” award for contributions to the ASEAN region

SINGAPORE - Media OutReach - 14 November 2018 -  SAP SE (NYSE: SAP) today announced it was awarded the prestigious "Friend of ASEAN" accolade for its positive social and economic contributions to the Southeast Asia region at the ASEAN Business Awards 2018. The award was presented by Mdm Halimah Yacob, President of the Republic of Singapore at the ASEAN Business Awards 2018 gala dinner, held in Singapore and hosted by the ASEAN Business Advisory Council (ASEAN-BAC).Photo shows SAP Southeast Asia Managing Director Claus Andresen (second from left) receiving the "Friend of ASEAN" award from presenters (from left) Prof. Annie Koh, Organizing Chair of ASEAN Business Awards 2018; Halimah Yacob, President of the Republic of Singapore; Wilf Blackburn, Chief Executive Officer of Prudential Assurance Company in Singapore; and Linus Goh Ti Liang, Head of Global Commercial Banking at OCBC Bank. Claus Andresen, President and Managing Director of SAP Southeast Asia and Eugene Ho, Head of Corporate Affairs for Southeast Asia.Launched in 2007 by ASEAN-BAC, the Awards acknowledge and recognize outstanding ASEAN businesses. The Friends of ASEAN category, honors non-ASEAN enterprises for their continuous and increased commitment in growing their presence within ASEAN.Growing from strength to strength in Southeast AsiaSAP established its presence in Southeast Asia in 1989 with an office in Singapore with 16 employees and have since grown to 11 offices in 7 ASEAN member states with more than 3,800 employees in Southeast Asia. With people being the source of SAP's innovation and continued success, SAP has continuously invested in the development of its people and is recognized as an employer of choice through the numerous accolades it received across Southeast Asia from Aon Hewitt, Great Place to Work, and Top Employer.SAP innovations help more than 10,000 customers in ASEAN work more efficiently and use business insight more effectively. SAP helps organizations more

Hong Kong's Causeway Bay Returns to the Top as World's Most Expensive Retail Street

New York's Upper 5th Avenue slips to second after significant rental decreaseLondon's New Bond Street the most expensive European city and third globally30th edition of Cushman & Wakefield's annual global report shows new trends in changing retail sector   HONG KONG, CHINA - Media OutReach - 14 November 2018 - For the first time in five years, Hong Kong's Causeway Bay has replaced New York's Upper 5th Avenue as the world's most expensive retail street by rental value, according to data from Cushman & Wakefield.   The annual 'Main Streets Across the World' report, now in its 30th year, tracks 446 of the top retail streets around the globe, ranking them by their prime rental value as at Q2 2018 according to Cushman & Wakefield's proprietary data, which includes a list of the most expensive streets in 65 countries/regions.   Despite a small decline of 1.5% in average rents, Hong Kong's Causeway Bay area takes top spot, with a figure of US$2,671 (HK$20,952[1]) psf/yr. Kevin Lam, Cushman & Wakefield's Head of Retail Services, Hong Kong, said, "The retail market in Hong Kong has experienced a rebound over the last year, driven mainly by a return of mainland Chinese tourists. With encouraging signs in tourist arrivals and retail sales during the first half of 2018, especially in the watch and jewellery category, luxury brand operators have shown interest in re-entering the market, if opportunities arise in good locations. However, the outlook for the market towards the final quarter is clouded by growing trade tensions and weakened price advantage of Hong Kong in view of external factors."   A significant decline in rents by 25.0% in view of increased vacancy has seen Upper 5th Avenue in New York slip back to second place globally, with average rents at US$2,250 psf/yr compared with US$3,000 in the previous 12-month period. London's New Bond Street meanwhile is the most expensive European location, in thi more

LIC Chain Founder Dr Peggy Peng Predicts on Singapore National TV that Blockchain Based Language Economy Will Be Singapore’s New Economic Growth Point

SINGAPORE - Media OutReach - 13 November 2018 - During yesterday evening's airing of "Hello Singapore" , LIC Chain founder, Dr Peggy Peng predicted that the language service industry will be Singapore's new economic growth point, especially when basing this aspect on Blockchain Technology.     The episode was a discussion on Blockchain featuring Dr.Peng, alongside with Singapore Management University's (SMU) finance professor, Hu Jian Feng.     While discussing about the topic of why make use of Blockchain Technology in language service industry, Dr.Peng said, "The language service industry is naturally decentralized because of its fragmented usage scenarios. Therefore no translation company can cover all scenarios and dominate the market. Overall, Blockchain and language service industry are a match in heaven because of their decentralization natures."   When asked about the impact to Singapore brought by Blockchain, Dr.Peng answered, "Blockchain is a historic opportunity that Singapore should seize upon, just as it did in the past when it grabbed the opportunity to become a shipping and finance hub which help it became a developed nation within 50 years of independence.   "We are now in the Blockchain era, and Singapore should once again move quickly to cement itself as not just a Blockchain hub, but also as a global language information hub," said Dr.Peng. The reason is due to Singapore being a multi-cultural society with a bilingual education system.   With Singapore's unique bilingual education, every Singaporean will have a chance to get translation jobs from around the world via LIC's public chain. As the public chain brings global talents and jobs together, this will create plenty of job opportunities for Singaporeans. If Singapore can be a global language hub, it can also be a global information hub as language conveys information.   Not only that, talents in AI and Blockchain will be draw more

Highly-acclaimed Scottish Artist Ronnie Ford Returns to Singapore for Third Solo Exhibition at Ode To Art Gallery Featuring Vivid, Innovative Three-Dimensional Landscapes

SINGAPORE - Media OutReach - 13 November 2018 - Ode to Art is delighted to present the latest exhibition by internationally-acclaimed and highly-lauded Scottish artist, Ronnie Ford -- 'Capturing the Spirit'.   An art practitioner for over 50 years, Ronnie Ford still constantly strives to innovate and present his art in different ways. In his foreword for Capturing the Spirit, Ronnie says, "While always exploring my love of texture, I am striving to stretch the boundaries of my work technically...each piece should be like my finger prints -- unmistakeably mine but without a predictable recipe."   In this latest exhibition, viewers will be delighted to enjoy new presentations of Ford's works such as a series of Petit Trésor paintings measuring only 10 by 10cm, new landscapes on 3-dimensional pyramid canvases, or works that can be viewed through 3d glasses for a truly immersive art-viewing experience.   The new collection of paintings reflects his travels, dreams and experiences over the past months -- the familiar landscapes of the France he loves, inspiration from the drama of Switzerland, all in celebration of the joyful colours of nature. If one ever makes the mistake of dismissing landscape painting as monotonous and uninspiring, one only needs to refer to Ronnie's paintings to dispel such a misconception.   The pioneer of the "Texturescapes" method - a mesmerising three-dimensional sculpture and painting technique, Ford's highly textured works paired with vibrant and contrasting colours are incredibly evocative, reinventing idyllic and vivid landscapes from his travels. Ford captures the spirit of these wonderful landscapes on his canvas, taking his viewers on a journey across tapestries of lavender fields, autumn golds and enchanting meadows.   Ronnie Ford's awe-inspiring artworks have been exhibited in many sold-out shows all over the world, including in Europe, Hong Kong, Singapore and the USA. This will be the ar more

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