Wednesday, May 31, 2017
Tuesday, May 30, 2017
A.M. BEST DOWNGRADES CREDIT RATINGS OF THE TOA REINSURANCE COMPANY, LIMITED AND THE TOA REINSURANCE COMPANY OF AMERICA
HONG KONG, May 29 (Bernama-BUSINESS WIRE) -- A.M. Best has downgraded the Financial Strength Rating to A (Excellent) from A+ (Superior) and the Long-Term Issuer Credit Rating to “a+” from “aa-” of The Toa Reinsurance Company, Limited (Toa Re) (Japan) and its subsidiary, The Toa Reinsurance Company of America (TRA) (headquartered in Morristown, NJ). The outlook of these Credit Ratings (ratings) is stable.
The rating downgrades reflect a business profile that is not comparable to similarly rated peers, which are large global reinsurance companies. Although Toa Re has a strong relationship with the major cedants in Japan, which also are its major shareholders, the company’s profile in the global reinsurance market is not strong enough to support the current ratings. Moreover, the company is faced with weak growth prospects in its domestic market. Toa Re maintains strong risk-adjusted capitalization, owing to improved profitability in recent years and conservative risk management.
The company has improved its business diversification through its life/health reinsurance segments and overseas reinsurance segments over the past five years, which has helped stabilize its performance and support overall business position. Also, Toa Re has tightly controlled risk exposures – catastrophe risks in particular – during this period, which was demonstrated by the stability of recent results despite the impact from the Kumamoto earthquake and the Fort McMurray wildfire in 2016.
A partially offsetting rating factor is Toa Re’s volatile performance track record. Although performance improved in 2016, the company’s weak growth outlook in its domestic market and the sustained intense competition in the overseas reinsurance market will put pressure on performance.
TRA is a wholly owned subsidiary of Toa Re. The company is a U.S.-based property/casualty reinsurer domiciled in Delaware that conducts business predominantly through reinsurance brokers.
TRA benefits from the support of its parent company, Toa Re, through operational and management integration, and retrocessional support.
TRA’s business strategy continues to center on U.S.-regional and mutual companies where it can lead pricing and negotiation over contract terms and conditions. TRA plans to continue to be selective in its new business writings, which is in line with its strategy of profitable growth. TRA also has expanded its presence in Canada through its branch office in Toronto, Ontario that opened in 1999. TRA also strategically diversified its portfolio by writing crop reinsurance starting in 2011.
While positive rating actions are unlikely, downward pressure could arise if there is substantial decline in risk-adjusted capitalization caused by significant deterioration in underwriting results or adverse movement in the financial markets.
The company has improved its business diversification through its life/health reinsurance segments and overseas reinsurance segments over the past five years, which has helped stabilize its performance and support overall business position. Also, Toa Re has tightly controlled risk exposures – catastrophe risks in particular – during this period, which was demonstrated by the stability of recent results despite the impact from the Kumamoto earthquake and the Fort McMurray wildfire in 2016.
A partially offsetting rating factor is Toa Re’s volatile performance track record. Although performance improved in 2016, the company’s weak growth outlook in its domestic market and the sustained intense competition in the overseas reinsurance market will put pressure on performance.
TRA is a wholly owned subsidiary of Toa Re. The company is a U.S.-based property/casualty reinsurer domiciled in Delaware that conducts business predominantly through reinsurance brokers.
TRA benefits from the support of its parent company, Toa Re, through operational and management integration, and retrocessional support.
TRA’s business strategy continues to center on U.S.-regional and mutual companies where it can lead pricing and negotiation over contract terms and conditions. TRA plans to continue to be selective in its new business writings, which is in line with its strategy of profitable growth. TRA also has expanded its presence in Canada through its branch office in Toronto, Ontario that opened in 1999. TRA also strategically diversified its portfolio by writing crop reinsurance starting in 2011.
While positive rating actions are unlikely, downward pressure could arise if there is substantial decline in risk-adjusted capitalization caused by significant deterioration in underwriting results or adverse movement in the financial markets.
TECHNOLOGICAL CHANGE AND CYBER RISK OVERTAKE REGULATION AS TOP RISKS FOR INSURERS
‘Banana Skins’ survey reflects industry risk perception
LONDON, May 30 (Bernama-GLOBE NEWSWIRE) -- The global insurance industry’s ability to confront structural and technological changes is now the greatest risk it faces, according to a new survey of insurers and close observers of the sector.
The CSFI’s latest Insurance Banana Skins 2017 survey, conducted with support from PwC, surveyed 836 insurance practitioners and industry observers in 52 countries, to find out where they saw the greatest risks over the next 2-3 years.
http://mrem.bernama.com/viewsm.php?idm=29248
LONDON, May 30 (Bernama-GLOBE NEWSWIRE) -- The global insurance industry’s ability to confront structural and technological changes is now the greatest risk it faces, according to a new survey of insurers and close observers of the sector.
The CSFI’s latest Insurance Banana Skins 2017 survey, conducted with support from PwC, surveyed 836 insurance practitioners and industry observers in 52 countries, to find out where they saw the greatest risks over the next 2-3 years.
http://mrem.bernama.com/viewsm.php?idm=29248
A.M. BEST AFFIRMS CREDIT RATINGS OF MS&AD INSURANCE GROUP HOLDINGS, INC.'S MAIN OPERATING AND U.S. SUBSIDIARIES
HONG KONG, May 29 (Bernama-BUSINESS WIRE) -- A.M. Best has affirmed the Financial Strength Rating (FSR) of A (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of "aa" of Mitsui Sumitomo Insurance Company, Limited (MSI) and Aioi Nissay Dowa Insurance Company Limited (ADI) (both domiciled in Japan). A.M. Best also has affirmed the FSR of A- (Excellent) and the Long-Term ICR of "a-" of ADI's subsidiary, Aioi Nissay Dowa Insurance (China) Company Limited (ADIC) (China). The outlook for each of these Credit Ratings (ratings) is stable.
Concurrently, A.M. Best has affirmed the FSR of A (Superior) and the Long-Term ICRs of "aa" of Mitsui Sumitomo Insurance Company of America (MSIA), Mitsui Sumitomo Insurance USA Inc. (MSU) and Aioi Nissay Dowa Insurance Company of America (ADIA). The outlook of these ratings is stable. All of these companies are domiciled in New York, NY and are direct subsidiaries of MSIG Holdings (Americas), Inc. The aforementioned companies are owned ultimately by MS&AD Insurance Group Holdings, Inc. (MS&AD), a major insurance group based in Japan.
Concurrently, A.M. Best has affirmed the FSR of A (Superior) and the Long-Term ICRs of "aa" of Mitsui Sumitomo Insurance Company of America (MSIA), Mitsui Sumitomo Insurance USA Inc. (MSU) and Aioi Nissay Dowa Insurance Company of America (ADIA). The outlook of these ratings is stable. All of these companies are domiciled in New York, NY and are direct subsidiaries of MSIG Holdings (Americas), Inc. The aforementioned companies are owned ultimately by MS&AD Insurance Group Holdings, Inc. (MS&AD), a major insurance group based in Japan.
Monday, May 29, 2017
TGS AND PGS ANNOUNCE FOURTH 3D SEISMIC PROJECT OFFSHORE EASTERN CANADA
ASKER, Norway, May 26 (Bernama-GLOBE NEWSWIRE) -- TGS and Petroleum Geo-Services (“PGS”) announce the fourth 3D seismic project offshore Eastern Canada for 2017. Long Range 3D will comprise approximately 9,100 km2of 3D GeoStreamer® data in the Eastern Newfoundland region. The survey covers open acreage which will be included in the November 2018 licensing round under Newfoundland and Labrador’s Scheduled Land Tenure system.
Following completion of these surveys, the jointly-owned library will have more than 175,000 km of 2D GeoStreamer data and 28,500 km2 of 3D GeoStreamer data. An expansive well log library is also available in the region, along with advanced multi-client interpretation products that will improve play, trend and prospect delineation.
“With four 3D projects now committed for 2017 this will be our most active year ever in Newfoundland and Labrador. E&P companies are continuing to prioritize this region in their exploration strategies and we are well placed to support them as they prepare for future licensing rounds," commented Kristian Johansen, CEO of TGS.
“Our increased data library coverage in the Newfoundland Labrador region will be of benefit for oil companies exploring this high potential area. We will operate three 3D vessels and one 2D vessel offshore East Canada this year, which is more than ever before and reflects high customer interest,” says Jon Erik Reinhardsen, President & CEO of PGS.
This project is supported by industry funding.
A PDF accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/78badda3-e25c-4785-afa4-b2cd40b0d9bc
Company summary
TGS-NOPEC Geophysical Company (TGS) provides multi-client geoscience data to oil and gas Exploration and Production companies worldwide. In addition to extensive global geophysical and geological data libraries that include multi-client seismic data, magnetic and gravity data, digital well logs, production data and directional surveys, TGS also offers advanced processing and imaging services, interpretation products, and data integration solutions.
For more information visit TGS online at www.tgs.com.
Forward-looking statements and contact information
All statements in this press release other than statements of historical fact are forward-looking statements, which are subject to a number of risks, uncertainties and assumptions that are difficult to predict, and are based upon assumptions as to future events that may not prove accurate. These factors include TGS' reliance on a cyclical industry and principle customers, TGS' ability to continue to expand markets for licensing of data, and TGS' ability to acquire and process data products at costs commensurate with profitability. Actual results may differ materially from those expected or projected in the forward-looking statements. TGS undertakes no responsibility or obligation to update or alter forward-looking statements for any reason.
TGS-NOPEC Geophysical Company ASA is listed on the Oslo Stock Exchange (OSLO:TGS).
TGS sponsored American Depositary Shares trade on the U.S. over-the-counter market under the symbol "TGSGY”.
For additional information about this press release please contact:
Sven Børre Larsen
Chief Financial Officer
Tel: +47 90 94 36 73
Email: sven.larsen@tgs.com
Will Ashby
VP HR & Communication
Tel: +1 713 860 2184
Email: will.ashby@tgs.com
SOURCE : TGS
--BERNAMA
Following completion of these surveys, the jointly-owned library will have more than 175,000 km of 2D GeoStreamer data and 28,500 km2 of 3D GeoStreamer data. An expansive well log library is also available in the region, along with advanced multi-client interpretation products that will improve play, trend and prospect delineation.
“With four 3D projects now committed for 2017 this will be our most active year ever in Newfoundland and Labrador. E&P companies are continuing to prioritize this region in their exploration strategies and we are well placed to support them as they prepare for future licensing rounds," commented Kristian Johansen, CEO of TGS.
“Our increased data library coverage in the Newfoundland Labrador region will be of benefit for oil companies exploring this high potential area. We will operate three 3D vessels and one 2D vessel offshore East Canada this year, which is more than ever before and reflects high customer interest,” says Jon Erik Reinhardsen, President & CEO of PGS.
This project is supported by industry funding.
A PDF accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/78badda3-e25c-4785-afa4-b2cd40b0d9bc
Company summary
TGS-NOPEC Geophysical Company (TGS) provides multi-client geoscience data to oil and gas Exploration and Production companies worldwide. In addition to extensive global geophysical and geological data libraries that include multi-client seismic data, magnetic and gravity data, digital well logs, production data and directional surveys, TGS also offers advanced processing and imaging services, interpretation products, and data integration solutions.
For more information visit TGS online at www.tgs.com.
Forward-looking statements and contact information
All statements in this press release other than statements of historical fact are forward-looking statements, which are subject to a number of risks, uncertainties and assumptions that are difficult to predict, and are based upon assumptions as to future events that may not prove accurate. These factors include TGS' reliance on a cyclical industry and principle customers, TGS' ability to continue to expand markets for licensing of data, and TGS' ability to acquire and process data products at costs commensurate with profitability. Actual results may differ materially from those expected or projected in the forward-looking statements. TGS undertakes no responsibility or obligation to update or alter forward-looking statements for any reason.
TGS-NOPEC Geophysical Company ASA is listed on the Oslo Stock Exchange (OSLO:TGS).
TGS sponsored American Depositary Shares trade on the U.S. over-the-counter market under the symbol "TGSGY”.
For additional information about this press release please contact:
Sven Børre Larsen
Chief Financial Officer
Tel: +47 90 94 36 73
Email: sven.larsen@tgs.com
Will Ashby
VP HR & Communication
Tel: +1 713 860 2184
Email: will.ashby@tgs.com
SOURCE : TGS
--BERNAMA
A.M. BEST AFFIRMS CREDIT RATINGS OF HEALTH SERVICES WELFARE SOCIETY LIMITED
SINGAPORE, May 26 (Bernama-BUSINESS WIRE) -- A.M. Best has affirmed the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of “bb+” of Health Services Welfare Society Limited (New Zealand), trading as Accuro Health Insurance (Accuro). The outlook of these Credit Ratings (ratings) is positive.
The ratings reflect Accuro’s adequate risk-adjusted capitalization and improved operating performance over the past five years. The company has a good business profile in New Zealand’s retail medical insurance sector.
Accuro’s adequate risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR), is due to its favorable liquidity position and conservative investment portfolio. The company improved its underwriting performance through a reduction in its operating expense ratio and favorable results from its current product offerings. An offsetting rating factor is the company’s relatively high underwriting leverage. Net premium earned remained at three times capital, which leaves the level of capitalization relatively more sensitive to higher-than-expected claims experience. Positive rating actions could occur if the company continues to generate positive operating results while maintaining an adequate risk-adjusted capitalization. Negative rating actions may occur if the company’s risk-adjusted capitalization deteriorates significantly due to underwriting deficit. |
BROADSOFT ANNOUNCES WINNERS OF ANNUAL ACHIEVEMENT AWARDS IN AUSTRALASIA
- Annual Awards Highlight Achievements by BroadSoft Australasian customers and partners
- Announced on 24 May 2017 at the BroadSoft Connect Event in Melbourne
- Connect Event attended by over 250 telecommunications professionals from Australasian Region
MELBOURNE, Australia, May 26 (Bernama-GLOBE NEWSWIRE) -- BroadSoft, Inc. (NASDAQ:BSFT), a global market leader in cloud business software for unified communication, collaboration and contact center (UCaaS), is pleased to announce the winners of its Annual Achievement Awards, presented at the BroadSoft Connect Melbourne event this week.
The award winners are:
Fixed and Mobile Unified Communications Innovation Award
Recipient: Vodafone New Zealand
Accepted by: Josh Papera, Operations Manager, Vodafone Next Generation Services
Global Unified Communications Leadership Award
Recipient: Telstra
Accepted by: Gretchen Cooke, Director, Unified Communications and Digital Media at Telstra
Millennial Leadership Award:
Recipient: Access4
Accepted by: Tim Jackson, Managing Director, and Ruy Franco, Sales and Marketing Director, Access4
BroadCloud Leadership Award
Recipient: Optus
Accepted by: Norm Countryman, Small and Medium Business Product and Marketing Manager
Cloud Unified Communications Award
Recipient: Justin Martin, Network Architect, Vocus
About BroadSoft:
BroadSoft is the leading provider of cloud software and services that enable mobile, fixed-line and cable service providers to offer Unified Communications over their Internet Protocol networks. The Company’s core communications platform enables the delivery of a range of enterprise and consumer calling, messaging and collaboration communication services, including private branch exchanges, video calling, text messaging and converged mobile and fixed-line services. For additional information, visit http://www.BroadSoft.com.
BroadSoft Media Contacts:
APAC
Terry Alberstein
Navigate Communication
+61 (0) 458-484-921
terry@navigatecommunication.com.au
Niaobh Levestam
Global Press and Media Relations, BroadSoft
+44 (0)7919 605660
nlevestam@broadsoft.com
SOURCE : BroadSoft, Inc.
--BERNAMA
The award winners are:
Fixed and Mobile Unified Communications Innovation Award
Recipient: Vodafone New Zealand
Accepted by: Josh Papera, Operations Manager, Vodafone Next Generation Services
Global Unified Communications Leadership Award
Recipient: Telstra
Accepted by: Gretchen Cooke, Director, Unified Communications and Digital Media at Telstra
Millennial Leadership Award:
Recipient: Access4
Accepted by: Tim Jackson, Managing Director, and Ruy Franco, Sales and Marketing Director, Access4
BroadCloud Leadership Award
Recipient: Optus
Accepted by: Norm Countryman, Small and Medium Business Product and Marketing Manager
Cloud Unified Communications Award
Recipient: Justin Martin, Network Architect, Vocus
About BroadSoft:
BroadSoft is the leading provider of cloud software and services that enable mobile, fixed-line and cable service providers to offer Unified Communications over their Internet Protocol networks. The Company’s core communications platform enables the delivery of a range of enterprise and consumer calling, messaging and collaboration communication services, including private branch exchanges, video calling, text messaging and converged mobile and fixed-line services. For additional information, visit http://www.BroadSoft.com.
BroadSoft Media Contacts:
APAC
Terry Alberstein
Navigate Communication
+61 (0) 458-484-921
terry@navigatecommunication.com.au
Niaobh Levestam
Global Press and Media Relations, BroadSoft
+44 (0)7919 605660
nlevestam@broadsoft.com
SOURCE : BroadSoft, Inc.
--BERNAMA
Friday, May 26, 2017
TIME INC. AND DESIGNSINGAPORE COUNCIL ANNOUNCE LEADERSHIP AND GLOBAL ADVISORY COUNCIL FOR BRAINSTORM DESIGN, SINGAPORE, MARCH 6-8, 2018
NEW YORK & SINGAPORE, May 26 (Bernama-BUSINESS WIRE) -- Time Inc. (NYSE: TIME) and DesignSingapore Council (Dsg) announce the editorial leadership and the formation of a Global Advisory Council of business leaders and design experts to give counsel, propose the format, and recommend content for Brainstorm Design 2018. The conference is scheduled to occur during Singapore Design Week on March 6-8, 2018. The event will bring together global thought leaders in design and business to share insights and strategies for design innovation. Brainstorm Design is supported by the Singapore Economic Development Board (EDB).
Time Inc. has named Clay Chandler Editorial Director of Brainstorm Design, in addition to his current position as Executive Editor, Time Inc. International. In his new role, Chandler oversees programming, marketing, and the coordination of collaboration among Time Inc. brands for Brainstorm Design. Renowned designer Tom Dixon will serve as the event’s inaugural guest Creative Director. The Global Advisory Council will include Dixon; architect and designer Thomas Heatherwick; DesignSingapore Council Executive Director Agnes Kwek; PepsiCo Chief Design Officer Mauro Porcini; artist and innovator Daan Roosegaarde; architect Ole Scheeren; and architect and designer Patricia Urquiola. The Global Advisory Council will expand in the coming weeks, with additions from both the business and design communities.
http://mrem.bernama.com/viewsm.php?idm=29231
Time Inc. has named Clay Chandler Editorial Director of Brainstorm Design, in addition to his current position as Executive Editor, Time Inc. International. In his new role, Chandler oversees programming, marketing, and the coordination of collaboration among Time Inc. brands for Brainstorm Design. Renowned designer Tom Dixon will serve as the event’s inaugural guest Creative Director. The Global Advisory Council will include Dixon; architect and designer Thomas Heatherwick; DesignSingapore Council Executive Director Agnes Kwek; PepsiCo Chief Design Officer Mauro Porcini; artist and innovator Daan Roosegaarde; architect Ole Scheeren; and architect and designer Patricia Urquiola. The Global Advisory Council will expand in the coming weeks, with additions from both the business and design communities.
http://mrem.bernama.com/viewsm.php?idm=29231
NASDAQ TO DELIVER POST-TRADE TECHNOLOGY TO DEPÓSITO CENTRAL DE VALORES (DCV)
The Chilean central securities depository (CSD) will boost its infrastructure capabilities and increase efficiencies with fully-fledged CSD solution based on the Nasdaq Financial Framework
NEW YORK and SANTIAGO, Chile, May 25 (Bernama-GLOBE NEWSWIRE) -- Nasdaq, Inc. (Nasdaq:NDAQ) and Depósito Central de Valores (DCV) today announced a new landmark agreement to bolster the technological infrastructure of Chile's central securities depository (CSD).
"We are very satisfied with our thorough, year-long vendor partnership process in selecting the Nasdaq platform, which will replace the core system of the DCV," said Fernando Yáñez, CEO of DCV. "We believe with the implementation of this new system, we will have more opportunities for growth and diversification in our current services, as well as strengthening our day-to-day operations."
NEW YORK and SANTIAGO, Chile, May 25 (Bernama-GLOBE NEWSWIRE) -- Nasdaq, Inc. (Nasdaq:NDAQ) and Depósito Central de Valores (DCV) today announced a new landmark agreement to bolster the technological infrastructure of Chile's central securities depository (CSD).
"We are very satisfied with our thorough, year-long vendor partnership process in selecting the Nasdaq platform, which will replace the core system of the DCV," said Fernando Yáñez, CEO of DCV. "We believe with the implementation of this new system, we will have more opportunities for growth and diversification in our current services, as well as strengthening our day-to-day operations."
HONDA LAUNCHES "LOVE CUB SNAP" PHOTO PROJECT TO BRING SUPER CUB LOVERS WORLDWIDE TOGETHER
TOKYO, May 26, 2017 /Kyodo JBN-AsiaNet/ --
Honda Motor Co., Ltd. (http://world.honda.com/) launched on Friday, May 26, its "Love Cub Snap" website, a project dedicated to bringing together Super Cub lovers from every region and all ages through photographs.
Love Cub Snap website: https://lovecubsnap.honda.co.jp/en/
By customers uploading photographs of themselves with their Super Cubs to the website, Super Cub fans from all over the world will appear linked to other fans by their Super Cubs' wheels. The photographs will be shown as a gallery on the website.
http://mrem.bernama.com/viewsm.php?idm=29232
Honda Motor Co., Ltd. (http://world.honda.com/) launched on Friday, May 26, its "Love Cub Snap" website, a project dedicated to bringing together Super Cub lovers from every region and all ages through photographs.
Love Cub Snap website: https://lovecubsnap.honda.co.jp/en/
By customers uploading photographs of themselves with their Super Cubs to the website, Super Cub fans from all over the world will appear linked to other fans by their Super Cubs' wheels. The photographs will be shown as a gallery on the website.
http://mrem.bernama.com/viewsm.php?idm=29232
MEDIA STATEMENT MQA AND UK NARIC STRENGTHENS ITS COLLABORATION IN HIGHER EDUCATION
LONDON, May 25 (Bernama) -- The Malaysian Qualifications Agency (MQA) continues to strengthen its good relationship with the National Recognition Information Centre for the United Kingdom (UK NARIC) with the signing of the Memorandum of Cooperation (MoC) between both agencies. The MoC was signed today by the Chief Executive Officer (CEO) of MQA, Dato’ Prof. Dr. Rujhan Mustafa and the Head of Stakeholder Management Group of UK NARIC, Mr Tim Buttress, representing Dr. Cloud Bai-yun, the CEO of UK NARIC. The signing, which took place at the Malaysian High Commission, London was witnessed by the Secretary General of the Ministry of Higher Education, Malaysia, HE Tan Sri Dr. Noorul Ainur Mohd. Nur.
The MoC aims at fostering and promoting technical cooperation that will be of benefit through, amongst others, exchange of information, staff and experts. Both agencies have also explicitly expressed their commitments in exploring joint activities and research, as well as areas of mutual benefit in the fields, among others, qualifications assessment, equivalency and referencing.
Noorul Ainur in her remarks said, MQA has been performing a vital role, since its establishment in 2007, as the national reference center for accredited qualifications in Malaysia. This is indeed a big task considering Malaysia has been receiving a large number of international students, every year, entering with their national qualifications and Malaysia has been producing a large number of international graduates that would return to their countries or migrating to other countries.
This is the first of such memorandum that MQA signed specifically in the field of qualification referencing. MQA have been engaging with UK NARIC since 2005 where its database has enable the Agency to advise Malaysian Higher Education providers in receiving international students where information on their national qualifications is limited.
The signing of this document formally establishes a new phase of cooperation between the two organizations. Noorul Ainur hopes this cooperation will allow MQA to strengthen its qualification referencing capacity to support the nearly completed revised Malaysia Qualifications Framework and the Agency’s endeavor to reference the Framework with the ASEAN Qualification Reference Framework in the near future.
Noorul Ainur led the Malaysian Delegation to the Going Global 2017 Conference in London that concluded yesterday. Malaysia is co-hosting with British Council in next year’s Going Global in Kuala Lumpur from 2-4 May 2018.
SOURCE : Malaysian Qualifications Agency (MQA)
FOR MORE INFORMATION PLEASE CONTACT:
Name : Noor Farahstin Hassan
Tel : 03 7968 6034
Email : farahstin@mqa.gov.my
--BERNAMA
The MoC aims at fostering and promoting technical cooperation that will be of benefit through, amongst others, exchange of information, staff and experts. Both agencies have also explicitly expressed their commitments in exploring joint activities and research, as well as areas of mutual benefit in the fields, among others, qualifications assessment, equivalency and referencing.
Noorul Ainur in her remarks said, MQA has been performing a vital role, since its establishment in 2007, as the national reference center for accredited qualifications in Malaysia. This is indeed a big task considering Malaysia has been receiving a large number of international students, every year, entering with their national qualifications and Malaysia has been producing a large number of international graduates that would return to their countries or migrating to other countries.
This is the first of such memorandum that MQA signed specifically in the field of qualification referencing. MQA have been engaging with UK NARIC since 2005 where its database has enable the Agency to advise Malaysian Higher Education providers in receiving international students where information on their national qualifications is limited.
The signing of this document formally establishes a new phase of cooperation between the two organizations. Noorul Ainur hopes this cooperation will allow MQA to strengthen its qualification referencing capacity to support the nearly completed revised Malaysia Qualifications Framework and the Agency’s endeavor to reference the Framework with the ASEAN Qualification Reference Framework in the near future.
Noorul Ainur led the Malaysian Delegation to the Going Global 2017 Conference in London that concluded yesterday. Malaysia is co-hosting with British Council in next year’s Going Global in Kuala Lumpur from 2-4 May 2018.
SOURCE : Malaysian Qualifications Agency (MQA)
FOR MORE INFORMATION PLEASE CONTACT:
Name : Noor Farahstin Hassan
Tel : 03 7968 6034
Email : farahstin@mqa.gov.my
--BERNAMA
Thursday, May 25, 2017
IWK RECEIVES GOOD GOVERNANCE AWARD
 |
| IWK Chairman Tan Sri Abu Zahar Ujang with Judith St George and Datuk Chua Tee Yong |
KUALA LUMPUR, May 24 (Bernama) -- Indah Water Konsortium Sdn Bhd (IWK) received the Good Corporate Governance Award from Malaysia Canada Business Council (MCBC) as a testament to IWK's unwavering commitment in upholding corporate governance best practices to maintain integrity, highly transparent and ethical management of the sewerage services business.
The award was presented to IWK’s Chairman, Tan Sri Abu Zahar Ujang by Datuk Chua Tee Yong, Deputy Minister of International Trade and Industry, and Judith St. George, the Canadian High Commissioner in Malaysia, here last night.
The MCBC 25th Anniversary Business Excellence Awards is in conjunction with MCBC’s 25th Anniversary and Canada's 150th Anniversary celebration.
The evaluation process was carried out by the BEA Review Panel comprising SME Corporation, the Malaysian Investment Development Authority (MIDA) and Invest KL and audited by Halim & Lee, a chartered accountant firm.
About Indah Water Konsortium
Indah Water Konsortium Sdn Bhd (Indah Water), is a sewerage services company owned by Minister of Finance Incorporated, Malaysia. Indah Water is responsible for providing sewerage services, operating and maintaining approximately 6,617 sewage treatment plants and 19,067 km networks of sewerage pipelines serving 24 million Connected Population Equivalent (PE). Our expertise include Operations and Maintenance, Refurbishment, Planning & Policy Strategy, Engineering & Process Review, Project Planning, Project Management, EIA and HAZOP Studies, Training Services & Module Development, Research & Development, Capacity Building and Community Awareness & Education Program.
For more information on IWK, please visit our website at www.iwk.com.my
SOURCE : Indah Water Konsortium
FOR MORE INFORMATION, PLEASE CONTACT:
Name : Wan Esuriyanti Wan Ahmad
Mobile : 012 271 8095
Email : esuriyanti@iwk.com.my
Name : Shahrul Nizam
Mobile : 016 207 3727
Email : sharuls@iwk.com.my
--BERNAMA
Wednesday, May 24, 2017
Monday, May 22, 2017
TOSHIBA'S LOW POWER CONSUMPTION PHOTOCOUPLER ACHIEVES HIGH SPEED COMMUNICATION IN AUTOMOTIVE APPLICATIONS
- Realizes advantages of low power consumption, low threshold input current and low supply current
TOKYO, May 22 (Bernama-BUSINESS WIRE) -- Toshiba Corporation's (TOKYO:6502) Storage & Electronic Devices Solutions Company today unveiled “TLX9310,” a low power consumption photocoupler housed in a 5pin SO6 package for high speed communication in automotive applications. Mass production shipments start today.
http://mrem.bernama.com/viewsm.php?idm=29163
TOKYO, May 22 (Bernama-BUSINESS WIRE) -- Toshiba Corporation's (TOKYO:6502) Storage & Electronic Devices Solutions Company today unveiled “TLX9310,” a low power consumption photocoupler housed in a 5pin SO6 package for high speed communication in automotive applications. Mass production shipments start today.
http://mrem.bernama.com/viewsm.php?idm=29163
GREE: "MADE IN CHINA" FAVORED ALONG THE "BELT AND ROAD"
GUANGZHOU, China, May 19, 2017 /Xinhua-AsiaNet/--
At the 121st Canton Fair, which has just concluded, Gree exhibited a full range of intelligent home appliance products, all of which are the results of its own independent research and development. Key technologies such as the man-machine dialog, intelligent control, are very impressive. "The quality of the Gree products and its constantly innovating core technologies increased my faith in 'Made in China' products," said Mr. Rizwan Bartz, from Pakistan.
Built in 1991, "Gree," a small factory, has withstood the test of time and market, and gradually developed into a listed company with great international presence. Integrating functions such as research and development, production, sales and services, the annual revenue of this home appliance giant has now exceeded 100 billion yuan.
http://mrem.bernama.com/viewsm.php?idm=29162
At the 121st Canton Fair, which has just concluded, Gree exhibited a full range of intelligent home appliance products, all of which are the results of its own independent research and development. Key technologies such as the man-machine dialog, intelligent control, are very impressive. "The quality of the Gree products and its constantly innovating core technologies increased my faith in 'Made in China' products," said Mr. Rizwan Bartz, from Pakistan.
Built in 1991, "Gree," a small factory, has withstood the test of time and market, and gradually developed into a listed company with great international presence. Integrating functions such as research and development, production, sales and services, the annual revenue of this home appliance giant has now exceeded 100 billion yuan.
http://mrem.bernama.com/viewsm.php?idm=29162
Friday, May 19, 2017
TOSHIBA LAUNCHES SMART GATE DRIVER PHOTOCOUPLER WITH IMPROVED DESATURATION SENSING FUNCTION
TOKYO, May 18 (Bernama-BUSINESS WIRE) -- Toshiba Corporation's (TOKYO:6502) Storage & Electronic Devices Solutions Company today announced the launch of "TLP5214A," a new smart gate driver photocoupler for use in driving medium-power IGBTs and power MOSFETs that delivers desaturation sensing characteristics that improve on those offered by the current "TLP5214". Mass production shipments start today.
TLP5214A newly integrates such features as desaturation leading edge blanking time, filtering time, and optimization of soft turn-off performance. These contribute to secure execution of applications by suppressing short-time pulse noise during switching and desaturation sensing.
TLP5214A newly integrates such features as desaturation leading edge blanking time, filtering time, and optimization of soft turn-off performance. These contribute to secure execution of applications by suppressing short-time pulse noise during switching and desaturation sensing.
ADDIVANT ANNOUNCES TEMPORARY SURCHARGE ON A SERIES OF ANTIOXIDANTS FOLLOWING SEVERE SHORTAGE IN ISOBUTYLENE IN EUROPE
DANBURY, Conn., May 18 (Bernama-GLOBE NEWSWIRE) -- Following an abrupt shortage of isobutylene in Europe that started in March 2017, Addivant™, a global leader in polymer additives, will apply a temporary 25% price surcharge on the following list of Antioxidants: ANOX®IC-14, LOWINOX®1790, LOWINOX®22IB46, LOWINOX®22M46, LOWINOX®44B25, LOWINOX®CA-22, LOWINOX®CPL, LOWINOX®TBM6, LOWINOX®ROSIN6 and LOWINOX®TBP6. The temporary surcharge is effective immediately. Addivant has taken and will continue to take significant measures to mitigate the impact on the availability of these products and remains committed to maintaining uninterrupted delivery to its customers.
EUROLOAN APPOINTS FORMER MORGAN STANLEY FINTECH LEADER JAMES HICKSON AS NEW GROUP CEO
Euroloan Group PLC, the leading European digital financial technology company, appoints James Hickson, former Wall St. Fintech leader, as Group CEO. The move is part of Euroloan's drive to grow the business and market share significantly across Europe.
HELSINKI, Finland, May 19 (Bernama-GLOBE NEWSWIRE) -- Euroloan Group PLC, a pioneering European financial technology company with offices in Helsinki (HQ), Luxembourg, Stockholm and Warsaw, announced today the appointment of James Hickson (B.Sc., M.B.A.) as group Chief Executive Officer. Hickson, an accomplished financial technology industry executive with 16 years of experience on Wall Street, most recently led a FinTech technology business development practice at Morgan Stanley. With international experience in New York, London, Saudi Arabia, and Eastern Europe, he has long been at the forefront of a changing financial services landscape, and is uniquely positioned to lead the company through its next phase of growth.
http://mrem.bernama.com/viewsm.php?idm=29149
HELSINKI, Finland, May 19 (Bernama-GLOBE NEWSWIRE) -- Euroloan Group PLC, a pioneering European financial technology company with offices in Helsinki (HQ), Luxembourg, Stockholm and Warsaw, announced today the appointment of James Hickson (B.Sc., M.B.A.) as group Chief Executive Officer. Hickson, an accomplished financial technology industry executive with 16 years of experience on Wall Street, most recently led a FinTech technology business development practice at Morgan Stanley. With international experience in New York, London, Saudi Arabia, and Eastern Europe, he has long been at the forefront of a changing financial services landscape, and is uniquely positioned to lead the company through its next phase of growth.
http://mrem.bernama.com/viewsm.php?idm=29149
PIKO TARO TO SERVE AS AMBASSADOR OF WAKUWAKU JAPAN!
TOKYO, May 19 (Bernama-BUSINESS WIRE) -- WAKUWAKU JAPAN CORPORATION (headquartered in Minato Ward, Tokyo, Masafumi Kawanishi, President and CEO) has named PIKO TARO, the Japanese singing sensation who skyrocketed to global fame with his single, PPAP, to serve as an ambassador of WAKUWAKU JAPAN. In the year ahead, PIKO TARO, together with WAKUWAKU JAPAN, will share the wonders of Japan worldwide, throughout various countries and regions.
Startling advances have continued for PIKO TARO, with the video for his PPAP hit song exceeding 110 million views (* see note). PPAP has become exceedingly popular for use in television programs, commercials, and events not only in Japan but throughout the world. With successful live performances in March of this year at both the famed Budokan concert hall in Tokyo as well as solo shows in Taiwan, PIKO TARO seems to be on an unstoppable trajectory. His immense popularity among young and old, men and women alike, has garnered him invitations to the US, France, Belgium, South Korea, Taiwan, Singapore, and Thailand. Fans go crazy wherever he performs.
http://mrem.bernama.com/viewsm.php?idm=29151
Startling advances have continued for PIKO TARO, with the video for his PPAP hit song exceeding 110 million views (* see note). PPAP has become exceedingly popular for use in television programs, commercials, and events not only in Japan but throughout the world. With successful live performances in March of this year at both the famed Budokan concert hall in Tokyo as well as solo shows in Taiwan, PIKO TARO seems to be on an unstoppable trajectory. His immense popularity among young and old, men and women alike, has garnered him invitations to the US, France, Belgium, South Korea, Taiwan, Singapore, and Thailand. Fans go crazy wherever he performs.
http://mrem.bernama.com/viewsm.php?idm=29151
NEW RESEARCH FINDS HEADER BIDDING AND BRAND SPEND FUELED MOBILE MONETIZATION GROWTH FOR THIRD QUARTER IN A ROW
PubMatic's Q1 2017 Quarterly Mobile Index (QMI) reveals over 50% eCPM increases YOY for both mobile header bidding and mobile PMPs
REDWOOD CITY, Calif., May 18 (Bernama-BUSINESS WIRE) -- PubMatic, the automation solutions company for an open digital media industry, today announced the findings of its Q1 2017 Quarterly Mobile Index (QMI) report, which found that increased global adoption of header bidding and private marketplaces (PMPs) drove significant monetization opportunities for mobile publishers. The report also provides insights for publishers and media buyers around mobile video and app inventory.
PubMatic’s most recent QMI analysis for Q1 2017 found that mobile monetized impression volume from header bidding rose 12X year-over-year, faster than the growth rate for desktop header bidding impressions, and that nearly 25 percent of total monetized header bidding impressions originated from a mobile device, up from 7 percent a year prior. Further, mobile header bidding eCPMs increased 55 percent year-over-year. As technology providers like PubMatic continue to innovate around header bidding, with in-app, server-side and video solutions being introduced to the market, publishers and buyers alike will reap substantial benefits.
“We are at an interesting crossroads where consumers are increasingly engaging with content via mobile devices and marketers are dedicating growing portions of their ad budgets to programmatic channels,” said Rajeev Goel, co-founder and CEO at PubMatic. “The new wave of brand buyers is demanding quality inventory and brand safety, as evidenced by the rise in programmatic direct. Buyers and sellers of digital media need to be sure to work with partners, like PubMatic, who are committed to transparency and maintain the highest quality standards in order to take full advantage of the inherent opportunities in mobile.”
Findings from the Q1 2017 report show that mobile PMPs are experiencing a long-term upswing in popularity, with impression volume growing more than 68 percent year-over-year. As demand for high-quality inventory via guaranteed channels such as PMPs rises, market economics continued to drive eCPMs up 58 percent year-over-year globally in Q1 2017, providing a premium of nearly three times the mobile average.
More Q1 2017 Quarterly Mobile index Highlights:
PubMatic’s most recent QMI analysis for Q1 2017 found that mobile monetized impression volume from header bidding rose 12X year-over-year, faster than the growth rate for desktop header bidding impressions, and that nearly 25 percent of total monetized header bidding impressions originated from a mobile device, up from 7 percent a year prior. Further, mobile header bidding eCPMs increased 55 percent year-over-year. As technology providers like PubMatic continue to innovate around header bidding, with in-app, server-side and video solutions being introduced to the market, publishers and buyers alike will reap substantial benefits.
“We are at an interesting crossroads where consumers are increasingly engaging with content via mobile devices and marketers are dedicating growing portions of their ad budgets to programmatic channels,” said Rajeev Goel, co-founder and CEO at PubMatic. “The new wave of brand buyers is demanding quality inventory and brand safety, as evidenced by the rise in programmatic direct. Buyers and sellers of digital media need to be sure to work with partners, like PubMatic, who are committed to transparency and maintain the highest quality standards in order to take full advantage of the inherent opportunities in mobile.”
Findings from the Q1 2017 report show that mobile PMPs are experiencing a long-term upswing in popularity, with impression volume growing more than 68 percent year-over-year. As demand for high-quality inventory via guaranteed channels such as PMPs rises, market economics continued to drive eCPMs up 58 percent year-over-year globally in Q1 2017, providing a premium of nearly three times the mobile average.
More Q1 2017 Quarterly Mobile index Highlights:
- Video eCPMs on mobile devices grew 7% quarter-over-quarter, proving resilient to post-holiday season drops.
- The impression volume difference between mobile web and mobile app virtually disappeared in Q1 2017, though mobile app continues to yield eCPMs 15% higher than mobile web.
- Android’s share of monetized mobile impression volume grew to 71% globally, with EMEA and APAC regions driving the majority of gains.
- In EMEA, mobile publishers saw significant growth with monetized mobile impression volume up 15% year-over-year while eCPMs rose 69% during the same period.
To view the full Q1 2017 Quarterly Mobile Index (QMI), visit PubMatic’s website by clicking here.
QMI Methodology
By analyzing the billions of digital impressions that flow through the PubMatic platform each day, PubMatic can observe real-time developments in the mobile space that allude to broader digital industry trends. The company can then compare this information to other published data to further understand changes in the mobile landscape. PubMatic is committed to providing best-in-class mobile tools and services, and believes that information sharing is crucial in aligning the digital industry towards best practices and, ultimately, growth in mobile advertising.
About PubMatic
PubMatic is the automation solutions company for an open digital media industry. Featuring the leading omni-channel revenue automation platform for publishers and enterprise-grade programmatic tools for media buyers, PubMatic’s publisher-first approach enables advertisers to access premium inventory at scale. Processing nearly one trillion ad impressions per month, PubMatic has created a global infrastructure to activate meaningful connections between consumers, content and brands. Since 2006, PubMatic’s focus on data and technology innovation has fueled the growth of the programmatic industry as a whole. Headquartered in Redwood City, California, PubMatic operates 11 offices and six data centers worldwide.
PubMatic is a registered trademark of PubMatic, Inc. Other trademarks are the property of their respective owners.
This press release and the QMI may contain inaccuracies, and the QMI is based on operational data that has not been audited or reviewed by a third party. They may contain forward-looking statements about future results and other events that have not yet occurred. Actual results may differ materially from PubMatic’s expressed expectations due to future risks and uncertainties. PubMatic does not intend to update the information contained in this press release or the QMI if any information or statement contained herein or therein is or later turns out to be inaccurate.
Contacts
QMI Methodology
By analyzing the billions of digital impressions that flow through the PubMatic platform each day, PubMatic can observe real-time developments in the mobile space that allude to broader digital industry trends. The company can then compare this information to other published data to further understand changes in the mobile landscape. PubMatic is committed to providing best-in-class mobile tools and services, and believes that information sharing is crucial in aligning the digital industry towards best practices and, ultimately, growth in mobile advertising.
About PubMatic
PubMatic is the automation solutions company for an open digital media industry. Featuring the leading omni-channel revenue automation platform for publishers and enterprise-grade programmatic tools for media buyers, PubMatic’s publisher-first approach enables advertisers to access premium inventory at scale. Processing nearly one trillion ad impressions per month, PubMatic has created a global infrastructure to activate meaningful connections between consumers, content and brands. Since 2006, PubMatic’s focus on data and technology innovation has fueled the growth of the programmatic industry as a whole. Headquartered in Redwood City, California, PubMatic operates 11 offices and six data centers worldwide.
PubMatic is a registered trademark of PubMatic, Inc. Other trademarks are the property of their respective owners.
This press release and the QMI may contain inaccuracies, and the QMI is based on operational data that has not been audited or reviewed by a third party. They may contain forward-looking statements about future results and other events that have not yet occurred. Actual results may differ materially from PubMatic’s expressed expectations due to future risks and uncertainties. PubMatic does not intend to update the information contained in this press release or the QMI if any information or statement contained herein or therein is or later turns out to be inaccurate.
Contacts
Global Contact
PubMatic
Johanna Bauman, 646-453-7245
Sr. Director, Marketing Communications
johanna.bauman@pubmatic.com
PubMatic
Johanna Bauman, 646-453-7245
Sr. Director, Marketing Communications
johanna.bauman@pubmatic.com
Source: PubMatic, Inc.
Thursday, May 18, 2017
NATIONAL ENERGY SERVICES REUNITED CORP. COMPLETES $210,000,000 INITIAL PUBLIC OFFERING
NEW YORK and HOUSTON, May 18 (Bernama-GLOBE NEWSWIRE) -- National Energy Services Reunited Corp. (Nasdaq:NESRU) ("NESR" or the "Company"), a company formed for the purpose of acquiring, engaging in a share exchange, share reconstruction and amalgamation, purchasing all or substantially all of the assets of, entering into contractual arrangements, or engaging in any other similar business combination with one or more businesses or entities, today announced the closing of its initial public offering (“IPO”) of 21,000,000 units at a price to the public of $10.00 per unit, with the offering raising gross proceeds of $210,000,000. The units commenced trading on Friday, May 12, 2017, on The NASDAQ Capital Market ("Nasdaq") under the symbol "NESRU." Each unit issued in the IPO consists of one ordinary share and one warrant to acquire one-half of one ordinary share at a price of $11.50 per full share. Once the securities comprising the units begin separate trading, the ordinary shares and warrants are expected to be traded on Nasdaq under the symbols "NESR" and "NESRW", respectively. Certain lead investors, as defined in the final prospectus, who have agreed to hold their shares through the consummation of our initial business combination and not seek redemption in connection therewith, purchased an aggregate of $60,000,000 of units in the IPO.
http://mrem.bernama.com/viewsm.php?idm=29142
http://mrem.bernama.com/viewsm.php?idm=29142
SOLARWINDS ACQUIRES SCOUT'S SAAS-BASED SERVER MONITORING TECHNOLOGY AND LAUNCHES IT AS SOLARWINDS PINGDOM SERVER MONITOR
With the acquisition, SolarWinds enhances its already deep server monitoring capabilities with out-of-the-box simple, yet rich SaaS-based server monitoring developed by DevOps professionals for DevOps professionals
AUSTIN, Texas, May 18 (Bernama-GLOBE NEWSWIRE) -- SolarWinds, a leading provider of powerful and affordable IT management software, today announced it has completed the acquisition of Scout Server Monitoring. The transaction closed Friday, May 5, 2017. As part of the acquisition, Scout Co-Founder and Chief Technology Officer Andre Lewis has joined SolarWinds.
http://mrem.bernama.com/viewsm.php?idm=29137
AUSTIN, Texas, May 18 (Bernama-GLOBE NEWSWIRE) -- SolarWinds, a leading provider of powerful and affordable IT management software, today announced it has completed the acquisition of Scout Server Monitoring. The transaction closed Friday, May 5, 2017. As part of the acquisition, Scout Co-Founder and Chief Technology Officer Andre Lewis has joined SolarWinds.
http://mrem.bernama.com/viewsm.php?idm=29137
MIA Organise Video, Essay Competitions In Conjunction With Golden Jubilee Celebrations
KUALA LUMPUR, May 18 (Bernama) -- The Malaysian Institute of Accountants (MIA) is organising a video recording and essay competition from June 1 to July 31 in conjunction with its golden jubilee celebrations.
"These competitions are to gauge the students' interest in accountancy and to provide an avenue to express their creativity.
"They are centered around the 50th anniversary theme, which is integrity, accountability and trust -- the three core values that form the building blocks of the accountancy profession," the MIA said in a statement.
The video recording competition which offers a prize of RM3,000 and a certificate, is open to tertiary students who are pursuing studies in accounting related programmes with registered institutions in Malaysia.
The video must be in English and in MP4 format, and the duration must be three to five minutes.
The essay competition is open to form 4, form 5 and form 6 students with a prize of RM2,000 and a certificate of achievement.
It must be written in English and must be between 500 to 800 words.
For more information, visit http://mia50.mia.org.my
-- BERNAMA
"These competitions are to gauge the students' interest in accountancy and to provide an avenue to express their creativity.
"They are centered around the 50th anniversary theme, which is integrity, accountability and trust -- the three core values that form the building blocks of the accountancy profession," the MIA said in a statement.
The video recording competition which offers a prize of RM3,000 and a certificate, is open to tertiary students who are pursuing studies in accounting related programmes with registered institutions in Malaysia.
The video must be in English and in MP4 format, and the duration must be three to five minutes.
The essay competition is open to form 4, form 5 and form 6 students with a prize of RM2,000 and a certificate of achievement.
It must be written in English and must be between 500 to 800 words.
For more information, visit http://mia50.mia.org.my
-- BERNAMA
Wednesday, May 17, 2017
SUNDANCE ENERGY AUSTRALIA LIMITED REPORTS FIRST QUARTER 2017 RESULTS
DENVER, May 16 (Bernama-GLOBE NEWSWIRE) -- Sundance Energy Australia Limited (ASX:SEA) (NASDAQ:SNDE) (“Sundance” or the “Company”), a U.S. onshore oil and gas exploration and production company focused in the Eagle Ford in South Texas, reported its first quarter 2017 financial and operations results.
First Quarter 2017 Financial Results
First Quarter 2017 Financial Results
- Adjusted EBITDAX of $13.8 million, or 59.4 percent of Adjusted EBITDAX Margin, and net income for the period of $2.5 million.
- Total revenue of $23.2 million, more than doubled as compared to the same prior year period, primarily driven by higher product pricing, which increased 79%.
- Cash operating costs increased 22% to $14.93/Boe for the quarter, as compared to $12.25/Boe for the same prior year period. The increase was primarily caused by increased lease operating and workover expense incurred to resolve field operational issues from the fourth quarter of 2016 and increased production taxes due to higher product pricing.
- Operating cash flow totaled $19.0 million for the first quarter.
- As of March 31, 2017, the Company’s oil hedges covered a total of 1.6 million bbls through 2019 with a weighted average floor of $49.88 and ceiling of $58.07.
- Cash on hand, pro forma for the sale of its Oklahoma assets, totaled $29.0 million as of March 31, 2017.
- Borrowing base on its revolving credit facility was reaffirmed at $67 million.
Operational Highlights
- Resolved majority of field operational issues from the fourth quarter of 2016.
- Net production for the quarter, including flared, gas was 6,685 Boe/d, in line with its expectations for the quarter. The Company expects full year production of 7,700-8,500 Boe/d.
- The Company anticipates second quarter 2017 production to be 5,300-5,700 boe/d. The expected decline is caused by approximately 1,000 boe/d of production declines from wells producing as of December 31, 2016 (“PDP Wells”) and the sale of approximately 650 boe/d with the Oklahoma asset sale. In the second half of 2017, the expected decline from PDP Wells drops to approximately 9.5% per quarter.
- The Company has begun flow back on 4 gross (4 net) wells through the second quarter that will all produce for portions of the second quarter. These new wells will partially offset the production declines.
- An additional 8 gross (7.7 net) wells will begin production throughout the third quarter of 2017 and 3 gross (3.0 net) wells in the fourth quarter of 2017. These wells will drive production growth for the Company in the second half of 2017.
- Capital expenditures totaled $25.8 million for the first quarter which included drilling 6 wells, completing 3 wells and commencing drilling of 3 additional wells.
- The Company entered into an agreement to sell its Oklahoma assets during the first quarter, which closed on May 8, 2017 for net proceeds of $16.6 million.
- The Company has updated initial production rates on the two wells in the table below:
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The following tables present certain production, per unit metrics and Adjusted EBITDAX that compare results of the corresponding quarterly reporting periods:
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Condensed Consolidated Financial Statements
The Company’s condensed consolidated financial statements are included below.
CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS
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CONDENSED CONSOLIDATED BALANCE SHEETS
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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
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The Company’s condensed consolidated financial statements are included below.
CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS
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CONDENSED CONSOLIDATED BALANCE SHEETS
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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
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Conference Call
The Company will host a conference call for investors on Monday, May 15, 2017, at 4:00 p.m. Mountain Time (Tuesday 8:00 a.m. AEDT). Interested investors can listen to the call via webcast at http://www.sundanceenergy.net/events.cfm. The webcast will also be available for replay on the Company’s website.
Additional Information
We define “Adjusted EBITDAX” as earnings before interest expense, income taxes, depreciation, depletion and amortization, property impairments, gain/(loss) on sale of non-current assets, exploration expense, share based compensation and income, gains and losses on commodity hedging, net of settlements of commodity hedging and items that the Company believes affect the comparability of operating results such as items whose timing and/or amount cannot be reasonably estimated or items that are non-recurring.
Below is a reconciliation from the net income attributable to owners of the Company to Adjusted EBITDAX:
The Company will host a conference call for investors on Monday, May 15, 2017, at 4:00 p.m. Mountain Time (Tuesday 8:00 a.m. AEDT). Interested investors can listen to the call via webcast at http://www.sundanceenergy.net/events.cfm. The webcast will also be available for replay on the Company’s website.
Additional Information
We define “Adjusted EBITDAX” as earnings before interest expense, income taxes, depreciation, depletion and amortization, property impairments, gain/(loss) on sale of non-current assets, exploration expense, share based compensation and income, gains and losses on commodity hedging, net of settlements of commodity hedging and items that the Company believes affect the comparability of operating results such as items whose timing and/or amount cannot be reasonably estimated or items that are non-recurring.
Below is a reconciliation from the net income attributable to owners of the Company to Adjusted EBITDAX:
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The Company reports under International Financial Reporting Standards (IFRS). All amounts are reported in US dollars unless otherwise noted.
The Company’s full Unaudited Activities Report as filed with the Australian Securities Exchange (ASX) and Securities and Exchange Commission on Form 6-K for the Quarter Ended March 31, 2017 can be found at www.sundanceenergy.net.
The Company’s 2016 Annual Report as filed with the ASX and Form 20-F as filed with the SEC can be found at www.sundanceenergy.net.
About Sundance Energy Australia Limited
Sundance Energy Australia Limited (“Sundance” or the “Company”) is an Australian-based, independent energy exploration company, with a wholly owned US subsidiary, Sundance Energy Inc., located in Denver, Colorado, USA.
The Company is focused on the acquisition and development of large, repeatable oil and natural gas resource plays in North America. Current activities are focused in the Eagle Ford. A comprehensive overview of the Company can be found on Sundance’s website at www.sundanceenergy.net
Summary Information
The following disclaimer applies to this document and any information contained in it. The information in this release is of general background and does not purport to be complete. It should be read in conjunction with Sundance’s periodic and continuous disclosure announcements lodged with ASX Limited that are available at www.asx.com.au and Sundance’s filings with the Securities and Exchange Commission available at www.sec.gov.
Forward Looking Statements
This release may contain forward-looking statements. These statements relate to the Company’s expectations, beliefs, intentions or strategies regarding the future. These statements can be identified by the use of words like “anticipate”, “believe”, “intend”, “estimate”, “expect”, “may”, “plan”, “project”, “will”, “should”, “seek” and similar words or expressions containing same.
These forward-looking statements reflect the Company’s views and assumptions with respect to future events as of the date of this release and are subject to a variety of unpredictable risks, uncertainties, and other unknowns. Actual and future results and trends could differ materially from those set forth in such statements due to various factors, many of which are beyond our ability to control or predict. These include, but are not limited to, risks or uncertainties associated with the discovery and development of oil and natural gas reserves, cash flows and liquidity, business and financial strategy, budget, projections and operating results, oil and natural gas prices, amount, nature and timing of capital expenditures, including future development costs, availability and terms of capital and general economic and business conditions. Given these uncertainties, no one should place undue reliance on any forward looking statements attributable to Sundance, or any of its affiliates or persons acting on its behalf. Although every effort has been made to ensure this release sets forth a fair and accurate view, we do not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise
For more information, please contact:
United States
Eric McCrady, Managing Director
Tel: +1 (303) 543 5703
Australia
Mike Hannell, Chairman
Tel: +61 8 8363 0388
SOURCE : Sundance Energy Australia Limited
--BERNAMA
The Company’s full Unaudited Activities Report as filed with the Australian Securities Exchange (ASX) and Securities and Exchange Commission on Form 6-K for the Quarter Ended March 31, 2017 can be found at www.sundanceenergy.net.
The Company’s 2016 Annual Report as filed with the ASX and Form 20-F as filed with the SEC can be found at www.sundanceenergy.net.
About Sundance Energy Australia Limited
Sundance Energy Australia Limited (“Sundance” or the “Company”) is an Australian-based, independent energy exploration company, with a wholly owned US subsidiary, Sundance Energy Inc., located in Denver, Colorado, USA.
The Company is focused on the acquisition and development of large, repeatable oil and natural gas resource plays in North America. Current activities are focused in the Eagle Ford. A comprehensive overview of the Company can be found on Sundance’s website at www.sundanceenergy.net
Summary Information
The following disclaimer applies to this document and any information contained in it. The information in this release is of general background and does not purport to be complete. It should be read in conjunction with Sundance’s periodic and continuous disclosure announcements lodged with ASX Limited that are available at www.asx.com.au and Sundance’s filings with the Securities and Exchange Commission available at www.sec.gov.
Forward Looking Statements
This release may contain forward-looking statements. These statements relate to the Company’s expectations, beliefs, intentions or strategies regarding the future. These statements can be identified by the use of words like “anticipate”, “believe”, “intend”, “estimate”, “expect”, “may”, “plan”, “project”, “will”, “should”, “seek” and similar words or expressions containing same.
These forward-looking statements reflect the Company’s views and assumptions with respect to future events as of the date of this release and are subject to a variety of unpredictable risks, uncertainties, and other unknowns. Actual and future results and trends could differ materially from those set forth in such statements due to various factors, many of which are beyond our ability to control or predict. These include, but are not limited to, risks or uncertainties associated with the discovery and development of oil and natural gas reserves, cash flows and liquidity, business and financial strategy, budget, projections and operating results, oil and natural gas prices, amount, nature and timing of capital expenditures, including future development costs, availability and terms of capital and general economic and business conditions. Given these uncertainties, no one should place undue reliance on any forward looking statements attributable to Sundance, or any of its affiliates or persons acting on its behalf. Although every effort has been made to ensure this release sets forth a fair and accurate view, we do not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise
For more information, please contact:
United States
Eric McCrady, Managing Director
Tel: +1 (303) 543 5703
Australia
Mike Hannell, Chairman
Tel: +61 8 8363 0388
SOURCE : Sundance Energy Australia Limited
--BERNAMA
TONY'S CHOCOLONELY EXPANDS INTERNATIONALLY WITH THE DESCARTES GLOBAL LOGISTIC NETWORK
AMERSFOORT, The Netherlands, May 17 (Bernama-GLOBE NEWSWIRE) -- Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, announced that Tony’s Chocolonely, one of the Netherlands' leading chocolate brands, is using the Descartes Global Logistics Network™ (Descartes GLN) to support expansion into the United States of America by streamlining electronic communications and order-to-cash processes with retailers.
"To accelerate our mission of making the cacao industry 100% free of slave labour, we needed to grow our business in the USA given the significant demand for chocolate and the presence of key players in the chocolate industry in that market,” said Frans Pannekoek, ‘Bean to Bar tender’ and responsible for the Supply Chain at Tony’s Chocolonely. “Electronic communications standards are different in North American and Europe. As an existing Descartes customer, we were able to quickly augment our existing Descartes GLN deployment to implement the new protocols and message sets to effectively communicate with our international retail and distribution customers in the USA.”
http://mrem.bernama.com/viewsm.php?idm=29129
"To accelerate our mission of making the cacao industry 100% free of slave labour, we needed to grow our business in the USA given the significant demand for chocolate and the presence of key players in the chocolate industry in that market,” said Frans Pannekoek, ‘Bean to Bar tender’ and responsible for the Supply Chain at Tony’s Chocolonely. “Electronic communications standards are different in North American and Europe. As an existing Descartes customer, we were able to quickly augment our existing Descartes GLN deployment to implement the new protocols and message sets to effectively communicate with our international retail and distribution customers in the USA.”
http://mrem.bernama.com/viewsm.php?idm=29129
Tuesday, May 16, 2017
TOSHIBA EXPANDS LINE-UP OF PHOTORELAYS IN DIP8 PACKAGES BY ADDING MID-VOLTAGE RANGE PRODUCTS
- Company enhancing line-up of large current products with drive current above 1A as replacements for mechanical relays in industrial applications.
TOKYO, May 16 (Bernama-BUSINESS WIRE) -- Toshiba Corporation's (TOKYO:6502) Storage & Electronic Devices Solutions Company today announced the launch of new two mid-voltage products, the 100V "TLP3823" with a 3A drive current, and the 200V "TLP3825" with a 1.5A drive current, additions to its line-up of large current photorelays to replace mechanical relays. Mass production shipments start today.
http://mrem.bernama.com/viewsm.php?idm=29121
TOKYO, May 16 (Bernama-BUSINESS WIRE) -- Toshiba Corporation's (TOKYO:6502) Storage & Electronic Devices Solutions Company today announced the launch of new two mid-voltage products, the 100V "TLP3823" with a 3A drive current, and the 200V "TLP3825" with a 1.5A drive current, additions to its line-up of large current photorelays to replace mechanical relays. Mass production shipments start today.
http://mrem.bernama.com/viewsm.php?idm=29121
A.M. BEST AFFIRMS CREDIT RATINGS OF CONSUMER INSURANCE SERVICES LIMITED
SINGAPORE, May 15 (Bernama-BUSINESS WIRE) -- A.M. Best has affirmed the Financial Strength Rating of B (Good) and the Long-Term Issuer Credit Rating of "bbb " of Consumer Insurance Services Limited (CISL) (New Zealand). The outlook of these Credit Ratings (ratings) is stable.
The ratings reflect CISL's adequate risk-adjusted capitalization and strong operating performance. CISL offers consumer protection insurance that is sold in conjunction with its affiliated company's installment plan.
The ratings reflect CISL's adequate risk-adjusted capitalization and strong operating performance. CISL offers consumer protection insurance that is sold in conjunction with its affiliated company's installment plan.
BUSINESS MASTER'S DEGREE NOT A SUBSTITUTE FOR AN MBA
New Report Shows Many Candidates with a Prior Business Master’s Degree Are Considering an MBA
RESTON, Va., May 16 (Bernama-GLOBE NEWSWIRE) -- Three in 4 prospective graduate business school candidates who hold a prior master’s degree are considering enrolling in MBA programs, according to new research from the Graduate Management Admission Council (GMAC). Findings from the Council’s 2017 mba.com Prospective Students Survey Report released today show that the MBA remains the predominant program format considered by candidates with both prior business master’s degrees (61 percent) and non-business master’s degrees (86 percent).
http://mrem.bernama.com/viewsm.php?idm=29120
RESTON, Va., May 16 (Bernama-GLOBE NEWSWIRE) -- Three in 4 prospective graduate business school candidates who hold a prior master’s degree are considering enrolling in MBA programs, according to new research from the Graduate Management Admission Council (GMAC). Findings from the Council’s 2017 mba.com Prospective Students Survey Report released today show that the MBA remains the predominant program format considered by candidates with both prior business master’s degrees (61 percent) and non-business master’s degrees (86 percent).
http://mrem.bernama.com/viewsm.php?idm=29120
MULTIPLE PRODUCTS FROM NRI RECOGNIZED DURING FTF NEWS TECHNOLOGY INNOVATION AWARDS 2017
NEW YORK, May 16 (Bernama-BUSINESS WIRE) -- Two products from Nomura Research Institute (NRI, TOKYO:4307), a leading provider of consulting services and system solutions, were recognized during the 2017 FTF News Technology Innovation Awards as ‘Best Clearing and Settlement Solution’ and ‘Best New Post-Trade Solution.’
NRI was awarded ‘Best Clearing and Settlement Solution’ for the company’s I-STAR product, a securities back-office system offering finely tuned operations support for wholesale brokerage firms. The solution operates across the entire operations sequence from execution to settlement and accounting. I-STAR has been adapted by hundreds of financial institutions, and has become a de facto standard for the wholesale securities industry, particularly in Japan.
http://mrem.bernama.com/viewsm.php?idm=29114
NRI was awarded ‘Best Clearing and Settlement Solution’ for the company’s I-STAR product, a securities back-office system offering finely tuned operations support for wholesale brokerage firms. The solution operates across the entire operations sequence from execution to settlement and accounting. I-STAR has been adapted by hundreds of financial institutions, and has become a de facto standard for the wholesale securities industry, particularly in Japan.
http://mrem.bernama.com/viewsm.php?idm=29114
Monday, May 15, 2017
TAIWAN'S STARTUP WOGOGO LAUNCHES TOUR GUIDE PLATFORM
TAIPEI, Taiwan, May 12 (Bernama-BUSINESS WIRE) -- Taiwanese travel startup Wogogo has recently launched a tour guide platform, aiming to coordinate with local tourist guides to develop tours for travelers and serving them in a nice and simple way with exclusive and professional experiences, the company said on 12 May.
Wogogo COO Muse Fang said the core value of the platform is to provide travelers a free, easy and convenient as well as safe experience during their trips, helping travelers to search and match local professional tourist guides.
The goal is to enhance travelers’ experience by pairing them with a local who provides stories on the destination, noted Fang. The exclusive service, allows travelers to explore the beauty of Taiwan as well as diverse lifestyle and culture.
Over the past months, the Taipei-based platform has been interviewed by more than 1,000 individuals and already selected more than 300 guides at key locations all over the world to join the group, according to Wogogo.
Additionally, Wogogo-certified guides, who are required to have tourist guide licenses and to pass a criminal record check, are all to complete a training course instructed by flight attendants to teach them to provide better services.
“Wogogo focuses a lot on quality and security, thus to make sure that tourists feel safe and be taken care of,” noted Fang.
The startup company, which is launched in February 2017, sees increasing demand in the private tour guides market especially in business travel, the company said.
Wogogo’s three service models -- tour guides without transportation tools and tour guides, who are also drivers as well as tour guides with chauffeur -- allow users to choose from many different categories to obtain their ideal match. Prices of the services range from US$19.95 to US$39.95 per hour.
“We hope to be an industrial pioneer, breaking the old mechanism in Taiwan’s tourism market and building a healthy relationship between customers and tour guides,” said Fang.
Wogogo, which represents easy world and easy go, currently covers tours at home country, Taiwan and is also planning to expand its business in other countries including Japan and the United States in the near future.
The goal is to enhance travelers’ experience by pairing them with a local who provides stories on the destination, noted Fang. The exclusive service, allows travelers to explore the beauty of Taiwan as well as diverse lifestyle and culture.
Over the past months, the Taipei-based platform has been interviewed by more than 1,000 individuals and already selected more than 300 guides at key locations all over the world to join the group, according to Wogogo.
Additionally, Wogogo-certified guides, who are required to have tourist guide licenses and to pass a criminal record check, are all to complete a training course instructed by flight attendants to teach them to provide better services.
“Wogogo focuses a lot on quality and security, thus to make sure that tourists feel safe and be taken care of,” noted Fang.
The startup company, which is launched in February 2017, sees increasing demand in the private tour guides market especially in business travel, the company said.
Wogogo’s three service models -- tour guides without transportation tools and tour guides, who are also drivers as well as tour guides with chauffeur -- allow users to choose from many different categories to obtain their ideal match. Prices of the services range from US$19.95 to US$39.95 per hour.
“We hope to be an industrial pioneer, breaking the old mechanism in Taiwan’s tourism market and building a healthy relationship between customers and tour guides,” said Fang.
Wogogo, which represents easy world and easy go, currently covers tours at home country, Taiwan and is also planning to expand its business in other countries including Japan and the United States in the near future.
Contacts
Source: Wogogo
View this news release online at:
http://www.businesswire.com/news/home/20170512005169/en
http://www.businesswire.com/news/home/20170512005169/en
--BERNAMA
ARYAKA'S 2017 STATE OF THE WAN REPORT REVEALS ALMOST 50% OF ENTERPRISE TRAFFIC IS COMPOSED OF CLOUD AND SAAS TRAFFIC
The report covers application response times and inconsistencies over the public Internet between various regions and bandwidth consumption changes year-over-year across verticals
MILPITAS, Calif., May 12 (Bernama-GLOBE NEWSWIRE) -- Aryaka®, the leading global SD-WAN provider, today released its third edition of the State of the WAN Report. Leveraging its unique position as a leader in global connectivity, Aryaka aggregated and analyzed enterprise WAN traffic over the past four years to identify trends and challenges in application performance, WAN reliability, and bandwidth access between specific geographies and in different industries.
This year’s report gives insights into current trends regarding WAN traffic and application performance to help IT managers and decision makers provide support for their global enterprise networks in the coming years. With data aggregated from over 5000 sites in 63 countries, this report gives a detailed look into the current state of WAN infrastructure and its impact on global business.
“Understanding the state of the WAN – and the impacts that global network traffic has on business strategy – gives IT leaders the ability to partner with their C-suite to enhance business execution,” said Shawn Farshchi, Aryaka’s President and CEO. “With nearly 50% of all global enterprise traffic now comprising cloud and SaaS, and legacy technologies, like MPLS, failing to address this trend, the ability to address the needs of the business translates into better business execution and competitive advantage.”
This is the third edition of the State of the WAN report published by Aryaka. Previous versions of the report have examined factors influencing enterprise WAN performance, including packet loss at the last-mile, application use, and bandwidth consumption. The current edition of the report also analyzes typical application performance time over the public Internet, along with the extent of the network inconsistencies that affect mission-critical applications over this medium.
Key insights from the study include:
MILPITAS, Calif., May 12 (Bernama-GLOBE NEWSWIRE) -- Aryaka®, the leading global SD-WAN provider, today released its third edition of the State of the WAN Report. Leveraging its unique position as a leader in global connectivity, Aryaka aggregated and analyzed enterprise WAN traffic over the past four years to identify trends and challenges in application performance, WAN reliability, and bandwidth access between specific geographies and in different industries.
This year’s report gives insights into current trends regarding WAN traffic and application performance to help IT managers and decision makers provide support for their global enterprise networks in the coming years. With data aggregated from over 5000 sites in 63 countries, this report gives a detailed look into the current state of WAN infrastructure and its impact on global business.
“Understanding the state of the WAN – and the impacts that global network traffic has on business strategy – gives IT leaders the ability to partner with their C-suite to enhance business execution,” said Shawn Farshchi, Aryaka’s President and CEO. “With nearly 50% of all global enterprise traffic now comprising cloud and SaaS, and legacy technologies, like MPLS, failing to address this trend, the ability to address the needs of the business translates into better business execution and competitive advantage.”
This is the third edition of the State of the WAN report published by Aryaka. Previous versions of the report have examined factors influencing enterprise WAN performance, including packet loss at the last-mile, application use, and bandwidth consumption. The current edition of the report also analyzes typical application performance time over the public Internet, along with the extent of the network inconsistencies that affect mission-critical applications over this medium.
Key insights from the study include:
- Global enterprise WAN traffic is growing about 200% annually.
- Among all regions, Asia-Pacific saw the biggest spike in WAN traffic (248%) in 2016, suggesting that companies in this region are rapidly adopting cloud technology and transforming their businesses to compete in a digital world. In addition, the use of 100 Mbps links in China rose dramatically in 2016, from 6% of links the previous year to 25% of links this year. This shows the power and growth of the Chinese economy overall as it closes the gap with Western countries in terms of demand for high-speed connectivity.
- By industry, the Manufacturing vertical saw a massive 440% increase in WAN traffic last year. Other verticals at the cutting edge of innovation include the Software and Internet sector, which grew network traffic by 526%, as well as the Real Estate, Energy and Utilities, and Travel industries, whose WAN traffic grew by around 200%.
- HTTP and HTTPS together now make up close to 50% of all WAN traffic. Previously, the majority of WAN traffic was of the client-server variety, with traffic moving to and from the data center. But the increased adoption of cloud services has greatly driven up the amount of Internet traffic within the enterprise.
- Internet bandwidths and quality are increasing at the WAN edge and over short distances. However, the hand-off between ISPs over the Internet or IP-VPN is getting worse, affecting the performance of business-critical applications, such as ERP or hosted voice and video. For data and applications being transferred over long distances, the middle mile remains unreliable and is riddled with latency, packet loss, and jitter – suggesting that the Internet is not the new enterprise network, as others have suggested.
The full report expands on this data and includes for the first time an in-depth breakdown of variation in application response time globally when the public Internet is used as the middle mile.
Download the 2017 State of the WAN report now.
For more information about Aryaka’s next-generation global SD-WAN, visit www.aryaka.com.
About Aryaka
Aryaka is transforming how global enterprises connect sites and users worldwide, and use mission-critical applications to support modern business execution demands. Aryaka’s Global SD-WAN combines a purpose-built private network, SD-WAN, optimization and acceleration techniques, connectivity to cloud platforms, and network visibility in a single solution that is delivered as a service.
To learn more, visit www.aryaka.com. Follow us on Twitter, Facebook, YouTube and LinkedIn.
Aryaka Media Contact
Shehzad Karkhanawala
Public Relations Manager
Aryaka
408-273-8420
pr@aryaka.com
SOURCE : Aryaka
--BERNAMA
Download the 2017 State of the WAN report now.
For more information about Aryaka’s next-generation global SD-WAN, visit www.aryaka.com.
About Aryaka
Aryaka is transforming how global enterprises connect sites and users worldwide, and use mission-critical applications to support modern business execution demands. Aryaka’s Global SD-WAN combines a purpose-built private network, SD-WAN, optimization and acceleration techniques, connectivity to cloud platforms, and network visibility in a single solution that is delivered as a service.
To learn more, visit www.aryaka.com. Follow us on Twitter, Facebook, YouTube and LinkedIn.
Aryaka Media Contact
Shehzad Karkhanawala
Public Relations Manager
Aryaka
408-273-8420
pr@aryaka.com
SOURCE : Aryaka
--BERNAMA
NATIONAL ENERGY SERVICES REUNITED CORP. ANNOUNCES PRICING OF $210,000,000 INITIAL PUBLIC OFFERING
NEW YORK and HOUSTON, May 15 (Bernama-GLOBE NEWSWIRE) -- National Energy Services Reunited Corp. (Nasdaq:NESRU) ("NESR" or the "Company"), a company formed for the purpose of acquiring, engaging in a share exchange, share reconstruction and amalgamation, purchasing all or substantially all of the assets of, entering into contractual arrangements, or engaging in any other similar business combination with one or more businesses or entities, today announced the pricing of its initial public offering (“IPO”) of 21,000,000 units at a price to the public of $10.00 per unit. The units are expected to be listed on The NASDAQ Capital Market ("NASDAQ") under the symbol "NESRU" beginning May 12, 2017. Each unit issued in the IPO consists of one ordinary share and one warrant to acquire one-half of one ordinary share at a price of $11.50 per full share. Once the securities comprising the units begin separate trading, the ordinary shares and warrants are expected to be traded on Nasdaq under the symbols "NESR" and "NESRW", respectively.
http://mrem.bernama.com/viewsm.php?idm=29104
http://mrem.bernama.com/viewsm.php?idm=29104
Saturday, May 13, 2017
SUNDANCE ENERGY AUSTRALIA LIMITED SCHEDULES FIRST QUARTER 2017 EARNINGS CONFERENCE CALL
DENVER, May 12 (Bernama-GLOBE NEWSWIRE) -- Sundance Energy Australia Limited (ASX:SEA) (NASDAQ:SNDE) (“Sundance” or the “Company”), a U.S. onshore oil and gas exploration and production company focused in the Eagle Ford in South Texas, announced it will host a conference call to review first quarter results.
Date: Australia: Tuesday, May 16, 2017 – United States: Monday, May 15, 2017
Time: Australia: 8:00 AM AEDT – United States: 4:00 PM MDT
Australian participants Toll Free dial-in: 1 80 0005 989
Australian (Sydney) Local dial-in: 2 82 239 773
Hong Kong Participants Toll Free dial-in: 800 966 253
Hong Kong Local dial-in: 3011 4522
Singapore participants Toll Free dial-in: 800 101 1512
Singapore Local dial-in: 6622 1010
USA participants Toll Free dial-in: (844) 831 3022
Webcast Link: http://www.sundanceenergy.net/events.cfm
All participants will be asked for their full name and company when joining the conference call.
http://mrem.bernama.com/viewsm.php?idm=29093
Date: Australia: Tuesday, May 16, 2017 – United States: Monday, May 15, 2017
Time: Australia: 8:00 AM AEDT – United States: 4:00 PM MDT
Australian participants Toll Free dial-in: 1 80 0005 989
Australian (Sydney) Local dial-in: 2 82 239 773
Hong Kong Participants Toll Free dial-in: 800 966 253
Hong Kong Local dial-in: 3011 4522
Singapore participants Toll Free dial-in: 800 101 1512
Singapore Local dial-in: 6622 1010
USA participants Toll Free dial-in: (844) 831 3022
Webcast Link: http://www.sundanceenergy.net/events.cfm
All participants will be asked for their full name and company when joining the conference call.
http://mrem.bernama.com/viewsm.php?idm=29093
Friday, May 12, 2017
ASIAN INSTITUTE OF MANAGEMENT FOUNDER WASHINGTON SYCIP HONORED AT 2017 INTERNATIONAL HOUSE AWARDS GALA FOR OUTSTANDING CONTRIBUTIONS IN LEADERSHIP
BNY Mellon Also Honored at Black Tie Fundraiser Which Raised More Than $725,000 Toward Financial Aid and Programs for Deserving Scholars and Emerging Leaders from Around the World
NEW YORK, May 9 (Bernama-GLOBE NEWSWIRE) -- International House, a premier residential community dedicated to preparing the next generation of globally-minded leaders, hosted its 2017 Awards Gala on Thursday, May 4, 2017.
Photos accompanying this announcement are available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/e3240672-366c-4c11-b7e2-4a03238b3430
http://www.globenewswire.com/NewsRoom/AttachmentNg/cfee3273-7ff5-47fa-a76b-8c17cdcb790f
http://www.globenewswire.com/NewsRoom/AttachmentNg/762af13c-d146-4bb7-b83e-34e18ea87855
More than 200 guests joined International House President Calvin Sims at the Rainbow Room in New York City to celebrate excellence in leadership exemplified by Washington Z. SyCip and BNY Mellon. In addition to International House Trustees and Alumni, guests included financier Geovanna Lim, real estate investment executives Ronnie Chan and Lulu Wang, and representatives from Mitsui & Co. and Toyota Motor North America.
Mr. SyCip, 96, founded SGV Group, one Asia’s largest and most prestigious accounting and consulting firms, and is Co-Founder and Chairman Emeritus of the Asian Institute of Management. He has dedicated his life to promoting business models based in meritocracy, where individuals can thrive regardless of race or family background. He was presented with the Edmonds Award for International Understanding by International House Trustees Ambassador Frank G. Wisner, who serves as Board Chair, and Susan Stupin, Co-Founder of The Prescott Group.
“I stayed at International House when I was first introduced to America, at about 18 years of age,” the now legendary business leader recalled. “Thank you for inviting me back. I am so happy and grateful to be here.”
BNY Mellon Chairman and CEO Gerald Hassell accepted the Rockefeller Award for Distinguished Philanthropic Service on behalf of his company. The award was introduced by Peter O’Neill, Chair of the International House Executive Committee and great grandnephew of the late David Rockefeller, who served as an International House Trustee from 1940 until his recent passing.
“The mission of International House resonates more than ever in the current climate,” Hassell noted in his acceptance. “This organization’s work to promote cross-cultural understanding and foster harmony and respect between people of different cultures and backgrounds is desperately needed. Thank you to International House for allowing BNY Mellon to be part of that important work.”
The evening was also highlighted by the introduction of the International House Welcome Fund, which will support Residents whose personal circumstances may have been adversely impacted by some dislocation – whether on-the-ground realities in their home countries or policy changes in the US or elsewhere. The fund will provide current and future Residents important opportunities for education and leadership development, as well as the benefits that come with a welcoming, international community of peers where different religions and cultures are accepted and celebrated.
Pictures from the event are available via Getty Images.
Founded by the Rockefeller and Dodge families in 1924, International House is a non-profit programmatic and residential center dedicated to fostering the next generation of global leaders. Each year, I-House serves as home to 700 carefully selected graduate students and young professionals from 100 countries, representing more than 70 leading universities, businesses, and cultural, non-profit, and government institutions. We provide unrivaled opportunities for residents to learn and thrive through daily interaction in a culturally, politically, and economically diverse community and through programs designed to encourage diversity of thought and experience. I-House is the destination of choice for the best and the brightest of the millennial generation who seek the skills necessary to navigate and lead the conversations that will shape our world. Learn more at www.ihouse-nyc.org.
The International House Awards were established in 1990 to recognize notable individuals and organizations that have made significant contributions to fostering global leadership and community building both within and well beyond its corridors. Previous honorees include American diplomat Richard Holbrooke, opera legend and I-House Alumna Leontyne Price, CNN Journalist and I-House Trustee Fareed Zakaria, and the Ford Foundation.
Media Contact:
Heather Mangrum
hmangrum@ihouse-nyc.org
SOURCE : International House
--BERNAMA
NEW YORK, May 9 (Bernama-GLOBE NEWSWIRE) -- International House, a premier residential community dedicated to preparing the next generation of globally-minded leaders, hosted its 2017 Awards Gala on Thursday, May 4, 2017.
Photos accompanying this announcement are available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/e3240672-366c-4c11-b7e2-4a03238b3430
http://www.globenewswire.com/NewsRoom/AttachmentNg/cfee3273-7ff5-47fa-a76b-8c17cdcb790f
http://www.globenewswire.com/NewsRoom/AttachmentNg/762af13c-d146-4bb7-b83e-34e18ea87855
More than 200 guests joined International House President Calvin Sims at the Rainbow Room in New York City to celebrate excellence in leadership exemplified by Washington Z. SyCip and BNY Mellon. In addition to International House Trustees and Alumni, guests included financier Geovanna Lim, real estate investment executives Ronnie Chan and Lulu Wang, and representatives from Mitsui & Co. and Toyota Motor North America.
Mr. SyCip, 96, founded SGV Group, one Asia’s largest and most prestigious accounting and consulting firms, and is Co-Founder and Chairman Emeritus of the Asian Institute of Management. He has dedicated his life to promoting business models based in meritocracy, where individuals can thrive regardless of race or family background. He was presented with the Edmonds Award for International Understanding by International House Trustees Ambassador Frank G. Wisner, who serves as Board Chair, and Susan Stupin, Co-Founder of The Prescott Group.
“I stayed at International House when I was first introduced to America, at about 18 years of age,” the now legendary business leader recalled. “Thank you for inviting me back. I am so happy and grateful to be here.”
BNY Mellon Chairman and CEO Gerald Hassell accepted the Rockefeller Award for Distinguished Philanthropic Service on behalf of his company. The award was introduced by Peter O’Neill, Chair of the International House Executive Committee and great grandnephew of the late David Rockefeller, who served as an International House Trustee from 1940 until his recent passing.
“The mission of International House resonates more than ever in the current climate,” Hassell noted in his acceptance. “This organization’s work to promote cross-cultural understanding and foster harmony and respect between people of different cultures and backgrounds is desperately needed. Thank you to International House for allowing BNY Mellon to be part of that important work.”
The evening was also highlighted by the introduction of the International House Welcome Fund, which will support Residents whose personal circumstances may have been adversely impacted by some dislocation – whether on-the-ground realities in their home countries or policy changes in the US or elsewhere. The fund will provide current and future Residents important opportunities for education and leadership development, as well as the benefits that come with a welcoming, international community of peers where different religions and cultures are accepted and celebrated.
Pictures from the event are available via Getty Images.
Founded by the Rockefeller and Dodge families in 1924, International House is a non-profit programmatic and residential center dedicated to fostering the next generation of global leaders. Each year, I-House serves as home to 700 carefully selected graduate students and young professionals from 100 countries, representing more than 70 leading universities, businesses, and cultural, non-profit, and government institutions. We provide unrivaled opportunities for residents to learn and thrive through daily interaction in a culturally, politically, and economically diverse community and through programs designed to encourage diversity of thought and experience. I-House is the destination of choice for the best and the brightest of the millennial generation who seek the skills necessary to navigate and lead the conversations that will shape our world. Learn more at www.ihouse-nyc.org.
The International House Awards were established in 1990 to recognize notable individuals and organizations that have made significant contributions to fostering global leadership and community building both within and well beyond its corridors. Previous honorees include American diplomat Richard Holbrooke, opera legend and I-House Alumna Leontyne Price, CNN Journalist and I-House Trustee Fareed Zakaria, and the Ford Foundation.
Media Contact:
Heather Mangrum
hmangrum@ihouse-nyc.org
SOURCE : International House
--BERNAMA
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