Multinationals Like Isuzu Motors Adopt Kyriba’s Treasury & Liquidity Management Solution to Support International Growth Objectives
SINGAPORE, Nov 26 (Bernama-BUSINESS WIRE) -- Kyriba, the global leader in cloud treasury and finance solutions, today announced increased demand from multinational organizations and corporations in the Asia Pacific region (APAC). Kyriba has doubled the number of clients in the region in the past 12 months compared to the same time in Q3 last year. This rapid growth is attributed to the need for global, real-time visibility of cash positions, and established expertise in international markets, giving APAC organizations the ability to expand their operations while facing market headwinds.
“We have adopted Kyriba as part of our digitalization objectives to empower our finance and treasury teams with digital technology solutions that enhance data analysis of our financial positions in real-time,” said Seng Ti Goh, General Manager of Finance and Administration at Isuzu Motors Asia. “Having fast data analysis enables our finance teams to better partner with all of our various business divisions in automotive manufacturing.”
Many notable multinationals in addition to Isuzu Motors, including DiDi and HAND in China; Uno Minda and Tech Mahindra in India; InstaReM in Singapore; Eisai and Suntory Beverage & Food in Japan, have adopted Kyriba as part of their digital transformation objectives in 2019 to better navigate increased global uncertainty.
Market volatility and indicators of a global economic downturn have significant implications for multinational corporations. For the APAC region, the World Bank reports Asia’s regional growth is projected to decline 13 percent from 2018 to 20211 with similar deceleration in China.
“We are rapidly growing in our key markets, Japan and Singapore, and we now have a stronger customer base in China and India, with additional traction in Malaysia and Indonesia,” said JaeSon Kim, APAC Managing Director at Kyriba. “We are innovating solutions to unlock value for our clients, which puts them in a strategic position to grow even during times of global instability.”
Outside of the Asia Pacific region, currency exchange losses reached $44B for North American and European corporates, according to a recent Kyriba Currency Impact Report, an analysis of the reported effects of currencies to North American and European companies’ Q2 2019 earnings. The report serves as a key benchmarking tool for global corporations.
Kyriba will be attending C-Engage, in Singapore at the Grand Hyatt on Nov. 26. Meet the team and learn more about how Kyriba is helping CFOs and CIOs with digital transformation in APAC. For more information about Kyriba’s strategic approach to fueling international expansion in APAC and other regions while protecting corporate value, contact www.kyriba.com.
About Kyriba Corp.
Kyriba empowers CFOs and their teams to transform how they activate liquidity as a dynamic, real-time vehicle for growth and value creation, while also protecting against financial risk. Kyriba’s pioneering Active Liquidity Network connects internal applications for treasury, risk, payments and working capital, with vital external sources such as banks, ERPs, trading platforms, and market data providers. Based on a secure, highly scalable SaaS platform that leverages artificial and business intelligence, Kyriba enables thousands of companies worldwide to maximize growth opportunities, protect against loss from fraud and financial risk, and reduce costs through advanced automation. Kyriba is headquartered in San Diego, with offices in New York, London, Paris, Dubai, Singapore, Shanghai, Tokyo, and other major locations. For more information, visit www.kyriba.com.
http://mrem.bernama.com/viewsm.php?idm=36228
Wednesday, November 27, 2019
CHATHAM FINANCIAL ACQUIRES LONDON-BASED JCRA GROUP
KENNETT SQUARE, Pa., Nov 13 (Bernama-BUSINESS WIRE) -- Chatham Financial announced today that it has acquired the JCRA Group, significantly expanding the firm’s presence in Europe to create a global powerhouse in financial risk management solutions.
Chatham and JCRA specialize in providing debt and derivatives solutions to commercial real estate, private equity, infrastructure, financial institutions, and corporate clients. Chatham and JCRA collectively serve over 3,000 clients and advise on more than 20,000 transactions with a notional amount in excess $700 billion each year. The merged firm will lead the industry in capital markets expertise, transaction volume, and technology—providing clients access to the data, tools, and advice they need to manage financial risk.
“Clients of both firms will benefit from our enhanced ability to manage their exposure to capital market risks and innovate alongside them,” said Brian Conly, Managing Partner, Global Head of Private Equity & Infrastructure, and Co-Head of Europe. “Chatham’s expanded European team will continue to deliver best-in-class trade execution while helping clients navigate rapidly evolving markets, from LIBOR replacement to Brexit.”
With decades of experience helping clients manage capital market risk, the caliber of the Chatham and the JCRA teams and their deep expertise will create an unparalleled advisory practice. With almost 700 employees, the combined firm will continue to focus on providing interest rate, foreign currency, inflation, and commodity hedging services, hedge accounting, valuation, and debt management solutions—all backed by Chatham’s proprietary technology platform.
“One of Chatham’s purposes is to help make markets transparent, accessible, and fair for all market participants. We’re excited about how, together with JCRA, we can have an even greater impact,” said Clark Maxwell, Chief Executive Officer of Chatham Financial. “For almost 30 years, we have gained vast experience from the volume and variety of projects and transactions we’ve managed. Our increased breadth of expertise will further strengthen our ability to tackle any challenge our clients need to solve.”
JCRA’s Chief Executive Officer, Jackie Bowie, will join Chatham as Co-Head of Europe. “We’re enthusiastic about the future,” said Bowie. “The combined team’s knowledge of the European markets, now supported by Chatham’s leading technology platform, will raise the bar for what clients expect when transacting in the debt and derivative markets.”
This transaction represents a successful exit for JCRA’s external investor, Connection Capital. The integrated firm will continue to be independent and 100% employee owned, serving clients from offices in London, Singapore, Melbourne, Toronto, Denver, Krakow, and Kennett Square, Pennsylvania.
About Chatham Financial
Chatham Financial is the largest independent financial risk management advisory and technology firm. A leader in debt and derivative solutions, Chatham provides clients with access to in-depth knowledge, innovative tools, and an incomparable team of nearly 700 employees to help mitigate risks associated with interest rate, foreign currency, and commodity exposures. Founded in 1991, Chatham serves more than 3,000 companies across a wide range of industries — handling over $700 billion in transaction volume annually and helping businesses maximize their value in the capital markets, every day. To learn more, visit chathamfinancial.com.
Boilerplate statistics for Chatham Financial updated to include JCRA information.
About JCRA
JCRA is an independent financial risk advisor specialising in hedging and debt advice. With 30 years’ experience in structuring and advocating for competitive pricing in derivative products, JCRA designs financial hedging solutions and provides debt advice globally to clients in real estate, project finance, infrastructure, private equity and social housing, as well as corporates. JCRA was named Risk Management Advisory Firm of the Year at the GlobalCapital Global Derivatives Awards 2019.
www.jcragroup.com
View source version on businesswire.com:
https://www.businesswire.com/news/home/20191112006204/en/
Contact
U.S. based inquiries:
Prosek Partners – Josh Clarkson
On behalf of Chatham Financial
+1 646 818 9259
jclarkson@prosek.com
European based inquiries:
Greentarget - Jamie Brownlee / Ben Finnis
On behalf of JCRA Group
+44 207 250 7000
jamie.brownlee@greentarget.co.uk / ben.finnis@greentarget.co.uk
Source : Chatham Financial
--BERNAMA
Chatham and JCRA specialize in providing debt and derivatives solutions to commercial real estate, private equity, infrastructure, financial institutions, and corporate clients. Chatham and JCRA collectively serve over 3,000 clients and advise on more than 20,000 transactions with a notional amount in excess $700 billion each year. The merged firm will lead the industry in capital markets expertise, transaction volume, and technology—providing clients access to the data, tools, and advice they need to manage financial risk.
“Clients of both firms will benefit from our enhanced ability to manage their exposure to capital market risks and innovate alongside them,” said Brian Conly, Managing Partner, Global Head of Private Equity & Infrastructure, and Co-Head of Europe. “Chatham’s expanded European team will continue to deliver best-in-class trade execution while helping clients navigate rapidly evolving markets, from LIBOR replacement to Brexit.”
With decades of experience helping clients manage capital market risk, the caliber of the Chatham and the JCRA teams and their deep expertise will create an unparalleled advisory practice. With almost 700 employees, the combined firm will continue to focus on providing interest rate, foreign currency, inflation, and commodity hedging services, hedge accounting, valuation, and debt management solutions—all backed by Chatham’s proprietary technology platform.
“One of Chatham’s purposes is to help make markets transparent, accessible, and fair for all market participants. We’re excited about how, together with JCRA, we can have an even greater impact,” said Clark Maxwell, Chief Executive Officer of Chatham Financial. “For almost 30 years, we have gained vast experience from the volume and variety of projects and transactions we’ve managed. Our increased breadth of expertise will further strengthen our ability to tackle any challenge our clients need to solve.”
JCRA’s Chief Executive Officer, Jackie Bowie, will join Chatham as Co-Head of Europe. “We’re enthusiastic about the future,” said Bowie. “The combined team’s knowledge of the European markets, now supported by Chatham’s leading technology platform, will raise the bar for what clients expect when transacting in the debt and derivative markets.”
This transaction represents a successful exit for JCRA’s external investor, Connection Capital. The integrated firm will continue to be independent and 100% employee owned, serving clients from offices in London, Singapore, Melbourne, Toronto, Denver, Krakow, and Kennett Square, Pennsylvania.
About Chatham Financial
Chatham Financial is the largest independent financial risk management advisory and technology firm. A leader in debt and derivative solutions, Chatham provides clients with access to in-depth knowledge, innovative tools, and an incomparable team of nearly 700 employees to help mitigate risks associated with interest rate, foreign currency, and commodity exposures. Founded in 1991, Chatham serves more than 3,000 companies across a wide range of industries — handling over $700 billion in transaction volume annually and helping businesses maximize their value in the capital markets, every day. To learn more, visit chathamfinancial.com.
Boilerplate statistics for Chatham Financial updated to include JCRA information.
About JCRA
JCRA is an independent financial risk advisor specialising in hedging and debt advice. With 30 years’ experience in structuring and advocating for competitive pricing in derivative products, JCRA designs financial hedging solutions and provides debt advice globally to clients in real estate, project finance, infrastructure, private equity and social housing, as well as corporates. JCRA was named Risk Management Advisory Firm of the Year at the GlobalCapital Global Derivatives Awards 2019.
www.jcragroup.com
View source version on businesswire.com:
https://www.businesswire.com/news/home/20191112006204/en/
Contact
U.S. based inquiries:
Prosek Partners – Josh Clarkson
On behalf of Chatham Financial
+1 646 818 9259
jclarkson@prosek.com
European based inquiries:
Greentarget - Jamie Brownlee / Ben Finnis
On behalf of JCRA Group
+44 207 250 7000
jamie.brownlee@greentarget.co.uk / ben.finnis@greentarget.co.uk
Source : Chatham Financial
--BERNAMA
Thursday, November 21, 2019
ZEN-NOH organises ´Japan Food Campaign 2019´ in Singapore
KUALA LUMPUR, Nov 21 -- The National Federation of Agricultural Cooperative Associations (ZEN-NOH) is currently holding the ‘Japan Food Campaign 2019’ from Nov 15 to 30 in Singapore.
The campaign marks the T2 Diamond Table Tennis Tournament held for the first time in the republic, beginning today until Nov 24.
In cooperation with ‘Gyu-Kaku’ and ‘TEPPEI SYOKUDO’ which operate restaurants in Singapore, ZEN-NOH supports the tournament by providing Japanese food for players, official guests and VIPs.
Gyu-kaku provides dishes made from wagyu beef and rice purchased from ZEN-NOH at nine restaurants, including Chijmes, UE Square, Novena Square, Kinex and The Star Vista.
Meanwhile, TEPPEI SYOKUDO provides rice balls made from ‘SAKURA RICE’ with limited quantities at four restaurants - Millenia Walk, ION, Takashimaya and Asia Square outlet.
T2 Diamond is a high-level tournament in which only the world’s top 16 players take part. It draws close attention because players can get more points necessary to take part in the Olympic games.
Under contract with ZEN-NOH, Kasumi Ishikawa, 8th in the world ranking, also participates.
-- BERNAMA
The campaign marks the T2 Diamond Table Tennis Tournament held for the first time in the republic, beginning today until Nov 24.
In cooperation with ‘Gyu-Kaku’ and ‘TEPPEI SYOKUDO’ which operate restaurants in Singapore, ZEN-NOH supports the tournament by providing Japanese food for players, official guests and VIPs.
Gyu-kaku provides dishes made from wagyu beef and rice purchased from ZEN-NOH at nine restaurants, including Chijmes, UE Square, Novena Square, Kinex and The Star Vista.
Meanwhile, TEPPEI SYOKUDO provides rice balls made from ‘SAKURA RICE’ with limited quantities at four restaurants - Millenia Walk, ION, Takashimaya and Asia Square outlet.
T2 Diamond is a high-level tournament in which only the world’s top 16 players take part. It draws close attention because players can get more points necessary to take part in the Olympic games.
Under contract with ZEN-NOH, Kasumi Ishikawa, 8th in the world ranking, also participates.
-- BERNAMA
AZBIL STARTS OVERSEAS SALES OF CEILING TEMPERATURE SENSOR FOR OFFICE BUILDINGS
- Sensor blends in with surroundings, installs easily, and boasts high accuracy -
TOKYO, Nov 21 (Bernama-BUSINESS WIRE) -- Azbil Corporation (TOKYO:6845) announced that it has started sales outside of Japan of the Company’s ceiling-mounted temperature sensor (round type), an indoor temperature sensor for use with office building HVAC systems.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191120005393/en/
In recent years, office buildings have fewer pillars and walls, necessitating temperature sensors to be installed into ceilings. Because Azbil’s ceiling-mounted temperature sensor is a mere 40 mm in diameter and 5 mm thick with a color scheme allowing it to blend in with a room’s surroundings, it does not detract from the room’s aesthetic. Installation has been simplified through the use of springs to snap the sensor into place, making screws unnecessary. Improvements to the internal construction have led to a faster response time and increased accuracy, enabling the sensor to contribute to maintaining a comfortable indoor environment. Ever since the product was launched in Japan in July 2018, over 20,000 units have been installed in office buildings and other structures, and the sensor has received a favorable reception due to its unobtrusive design, ease of installation, and high accuracy.
Azbil’s overseas launch of the sensor is centered on office buildings and other structures in East Asia and the Company is targeting 100 million yen in sales of the product for the first year. Additionally, the sensor complies with various international safety and environmental directives, such as those required by CE marking1, REACH2, and China RoHS3.
1 A certification required for certain products in order to be sold in Europe. It indicates that such products meet essential EU safety, health and environmental protection requirements.
2 Registration, Evaluation, Authorisation and Restriction of Chemicals. This European Union regulation concerns the management of chemical substances.
3 Restriction of hazardous substances; regulations in China and other regions to limit the amount of hazardous substances electric/electronic devices can contain.
Guided by the azbil Group philosophy of “human-centered automation,” Azbil will continue to develop and offer products and systems that provide people with safety and comfort.
About Azbil Corporation
Azbil Corporation, formerly known as Yamatake Corporation, is a leading company in building and industrial automation, using its measurement and control technologies to provide customers with high value-added solutions to make their operations more efficient and sustainable. Founded in 1906, Azbil serves customers across the globe in a broad range of industries and aims to contribute to people's safety, comfort and fulfilment, and global environmental preservation. At the end of March 2019, Azbil employed 9,600 people worldwide and generated ¥262 billion in revenue.
For more information, please visit https://www.azbil.com/.
http://mrem.bernama.com/viewsm.php?idm=36189
Wednesday, November 20, 2019
Yili launches new ´Silicon Valley´ of global health industry
KUALA LUMPUR, Nov 13 -- China’s dairy giant, Inner Mongolia Yili Industrial Group recently launched ‘Yili Future Intelligence and Health Valley’ project, striving to boost the health industry in the region.
The project is located in Hohhot, capital of north China’s Inner Mongolia Autonomous Region.
Yili Future Intelligence and Health Valley will build a new ‘Silicon Valley’ of the global health industry, to promote the revitalisation of China's dairy industry.
The intelligent valley is a large-scale complex project which integrates industry, city and tourism, to build a livable region, where the environment is well protected.
The valley will keep in synergy with the overall planning of regional development, to establish a comprehensive industry system integrating production, college, research, culture, tourism, business and residence.
According to a development plan, the investment in the core start-up area is expected to be at least 240 billion yuan of economic contribution to the industrial chain and create about 60,000 jobs. (100 yuan = RM59.18)
During the launching, Yili Group signed a cooperative agreement on industrial chain partnerships with its global partners, which will inject new momentum into the high-quality economic development of Inner Mongolia.
-- BERNAMA
Tuesday, November 19, 2019
Dickson Chu appointed to Verrency's global advisory board
KUALA LUMPUR, Nov 12 -- Global payment innovation company, Verrency has appointed Dickson Chu, an accomplished payments executive and business builder, to its global advisory board.
“Dickson’s vision, passion and his depth of experience in precisely the area in which Verrency operates are invaluable as we continue our expansion across the United States and overseas,” said Verrency founder and chief executive officer, David Link.
Chu has held leadership roles at prominent companies including Paypal, Wells Fargo, Yahoo!, Living Social and Citi. He is also a board director and active adviser to a number of emerging payment companies.
Currently heading the BBVA’s San Francisco office for New Digital Businesses, Chu has overall BBVA group responsibility for the governance, budget and strategic direction of BBVA’s growing global portfolio of Fintech businesses.
Prior to BBVA, Chu was chief product officer and EVP Corporate Development at Ingo Money where he was responsible for strategy, product management, strategic alliances and M&A.
Verrency’s industrial-grade platform fits on top of a bank’s, processor’s or wallet’s existing infrastructure, opening the door for rapid delivery of enhanced features and new services without the need to change existing legacy technology or migrate portfolios.
More information at https://www.verrency.com.
-- BERNAMA
“Dickson’s vision, passion and his depth of experience in precisely the area in which Verrency operates are invaluable as we continue our expansion across the United States and overseas,” said Verrency founder and chief executive officer, David Link.
Chu has held leadership roles at prominent companies including Paypal, Wells Fargo, Yahoo!, Living Social and Citi. He is also a board director and active adviser to a number of emerging payment companies.
Currently heading the BBVA’s San Francisco office for New Digital Businesses, Chu has overall BBVA group responsibility for the governance, budget and strategic direction of BBVA’s growing global portfolio of Fintech businesses.
Prior to BBVA, Chu was chief product officer and EVP Corporate Development at Ingo Money where he was responsible for strategy, product management, strategic alliances and M&A.
Verrency’s industrial-grade platform fits on top of a bank’s, processor’s or wallet’s existing infrastructure, opening the door for rapid delivery of enhanced features and new services without the need to change existing legacy technology or migrate portfolios.
More information at https://www.verrency.com.
-- BERNAMA
Saturday, November 16, 2019
Museum of Contemporary Art Tokyo kicks off 3 exhibitions tomorrow
KUALA LUMPUR, Nov 15 -- The Museum of Contemporary Art Tokyo (MOT) will hold three exhibitions and an MOT collection exhibition simultaneously, beginning Nov 16.
Firstly, a solo exhibition ‘Dumb Type - Actions + Reflections’, by Japan’s leading media artist group, Dumb Type which was formed in 1984 by multimedia performance artists consisting mainly of Kyoto City University of Arts students.
The second is the ‘mina perhonen/minagawa akira TSUZUKU’ exhibition which introduces the 25-year history of the fashion and textile brand ‘mina perhonen’ established by Japanese designer Akira Minagawa.
The third is ‘MOT Annual’, a group exhibition that seeks to invite inquiries and discussions by focusing on one aspect of contemporary art.
‘MOT Annual 2019 Echo after Echo: Summoned Voices, New Shadows’ addresses the fundamental question of ‘Why do people make things?’ together with artists expressing themselves in tune with existing domains like image, language, history, material and so on.
Along with the three exhibitions, the Museum of Contemporary Art Tokyo displays ‘MOT Collection Part 3: Present Day and in Times Past - Multiple Perspectives’, its superb collection to commemorate its re-opening after renovation.
The exhibition will end on Feb 16, 2020. More details at https://www.mot-art-museum.jp/en/
-- BERNAMA
Firstly, a solo exhibition ‘Dumb Type - Actions + Reflections’, by Japan’s leading media artist group, Dumb Type which was formed in 1984 by multimedia performance artists consisting mainly of Kyoto City University of Arts students.
The second is the ‘mina perhonen/minagawa akira TSUZUKU’ exhibition which introduces the 25-year history of the fashion and textile brand ‘mina perhonen’ established by Japanese designer Akira Minagawa.
The third is ‘MOT Annual’, a group exhibition that seeks to invite inquiries and discussions by focusing on one aspect of contemporary art.
‘MOT Annual 2019 Echo after Echo: Summoned Voices, New Shadows’ addresses the fundamental question of ‘Why do people make things?’ together with artists expressing themselves in tune with existing domains like image, language, history, material and so on.
Along with the three exhibitions, the Museum of Contemporary Art Tokyo displays ‘MOT Collection Part 3: Present Day and in Times Past - Multiple Perspectives’, its superb collection to commemorate its re-opening after renovation.
The exhibition will end on Feb 16, 2020. More details at https://www.mot-art-museum.jp/en/
-- BERNAMA
Mark Green heads Imperial Capital's Special Situations & Structured Credit
KUALA LUMPUR, Nov 15 -- Imperial Capital LLC (Imperial Capital), a full-service investment bank has hired Mark Green as Head of Special Situations and Structured Credit, based in New York.
Green will be responsible to expand the firm’s credit sales, trading and investment banking efforts further via credit event-driven situations, structuring expertise and investment strategies to allow clients develop valuable solutions to issues they face and benefit from market opportunities across a range of asset classes.
“Structured credit is an important strategic priority and Mark brings with him strong transaction experience, client relationships, and is the right partner to drive growth,” said US Credit head, Tim Sullivan.
Prior to joining Imperial Capital, Green was the Managing Partner and Chief Investment Officer of Chatham Road Capital, a credit-focused investment firm he co-founded that exploited market imbalances and inefficiencies in the public and private markets.
“I am thrilled to join Imperial Capital and grateful for the opportunity to lead this business. The firm is well positioned to expand its capabilities and I look forward to providing innovative and strategic solutions to clients while pursuing attractive risk adjusted returns for Imperial Capital’s current and future investors,” said Green.
Green earned an MBA from Columbia Business School and a BS degree from Skidmore College, according to a statement.
More information at https://www.imperialcapital.com.
-- BERNAMA
Green will be responsible to expand the firm’s credit sales, trading and investment banking efforts further via credit event-driven situations, structuring expertise and investment strategies to allow clients develop valuable solutions to issues they face and benefit from market opportunities across a range of asset classes.
“Structured credit is an important strategic priority and Mark brings with him strong transaction experience, client relationships, and is the right partner to drive growth,” said US Credit head, Tim Sullivan.
Prior to joining Imperial Capital, Green was the Managing Partner and Chief Investment Officer of Chatham Road Capital, a credit-focused investment firm he co-founded that exploited market imbalances and inefficiencies in the public and private markets.
“I am thrilled to join Imperial Capital and grateful for the opportunity to lead this business. The firm is well positioned to expand its capabilities and I look forward to providing innovative and strategic solutions to clients while pursuing attractive risk adjusted returns for Imperial Capital’s current and future investors,” said Green.
Green earned an MBA from Columbia Business School and a BS degree from Skidmore College, according to a statement.
More information at https://www.imperialcapital.com.
-- BERNAMA
C2C MARKETPLACE APP PROVIDER MERCARI BEGINS CROSSBORDER SALES TO OVER 100 COUNTRIES
TOKYO, Nov. 15, 2019 /Kyodo JBN-AsiaNet/ --
- Overseas Buyers Can Now Purchase Items Using Proxy Service -
On November 15, 2019, Mercari, Inc. began offering crossborder sales* through the Mercari consumer-to-consumer (C2C) marketplace app in partnership with Buyee, a proxy service for crossborder e-commerce operated by a wholly owned subsidiary of BEENOS Inc.
*Some categories of items not available
Image:
https://kyodonewsprwire.jp/prwfile/release/M105775/201911073215/_prw_PI1lg_xavEk7L3.png
With its mission to create value in a global marketplace where anyone can buy & sell, Mercari, Inc. develops and operates Mercari, a marketplace app through which individuals can buy and sell items easily and safely. Mercari is Japan's largest C2C marketplace, with approximately 14 million monthly users, a gross merchandise value (GMV) of approximately 530.7 billion JPY*, and a total of over 1.1 billion items listed to date.
*From the full-year financial results for FY2019 through June
Mercari has seen a large amount of interest from overseas, with a sixfold increase in visits to Mercari's web version from outside of Japan since 2017, indicating a strong potential demand for purchases by users abroad. Based on its mission to create value in a global marketplace where anyone can buy & sell, and the potential market scale of the crossborder e-commerce market, Mercari has decided to start offering crossborder sales through proxy service Buyee.
Buyee is a proxy service with over one million registered users, available in over 100 countries and regions throughout the world. Through this partnership with Buyee, users overseas can browse and search items listed on Mercari in Japanese, English, and Chinese (traditional and simplified), and purchase items using popular overseas payment methods, such as PayPal, Alipay, and UnionPay. Offering crossborder sales will allow people overseas to purchase items from Mercari, instead of limiting this only to users in Japan, and Mercari expects this to lead to increased sales opportunities. Items will only become available for purchase on Buyee if a certain amount of time has passed since their listing on Mercari.
- How It Works
1. When an overseas user places an order on Buyee ( https://buyee.jp/mercari/ ), an official Buyee account purchases the item on Mercari for the user.
2. The seller of the item on Mercari ships the item to Buyee's warehouse in Japan.
3. When the item arrives, Buyee staff checks the item and rates the seller, and the seller receives sales proceeds.
4. Buyee ships the item to the buyer overseas, and handles all further steps.
Image:
https://kyodonewsprwire.jp/prwfile/release/M105775/201911073215/_prw_PI2lg_pT33Vyk3.png
- Proof of Concept for Crossborder Sales
Starting in August 2019, Mercari carried out a proof-of-concept study on crossborder sales of items that had been listed for a certain amount of time on Mercari. From this study, Mercari has identified item categories popular among users overseas.
Image:
https://kyodonewsprwire.jp/prwfile/release/M105775/201911073215/_prw_PI3lg_4761IX8h.png
The most popular category among overseas users was merchandise featuring popular characters. Many of these users are interested in things that can only be bought in Japan, such as merchandise from Japanese animation works and games.
Mercari will continue looking for ways to provide a safe and secure marketplace globally and fulfill its mission to create value in a global marketplace where anyone can buy and sell.
- About Mercari
Company name: Mercari, Inc.
Head office: Roppongi Hills Mori Tower, 6-10-1 Roppongi, Minato-ku, Tokyo 106-6118
Business: Planning, development and operation of the Mercari marketplace app
Representative: Shintaro Yamada
- About BEENOS
Company name: BEENOS Inc.
Head office: 7F Gotenyama Trust Tower, 4-7-35 Kita-Shinagawa, Shinagawa-ku, Tokyo 140-0001
Business: Domestic and international e-commerce
Representative: Shota Naoi
*Buyee is operated by wholly owned subsidiary tenso, inc.
*For information about using the Mercari logo and icon, please check the site below.
https://www.mercari.com/jp/logo-guidelines/
Source: Mercari, Inc.
http://mrem.bernama.com/viewsm.php?idm=36140
- Overseas Buyers Can Now Purchase Items Using Proxy Service -
On November 15, 2019, Mercari, Inc. began offering crossborder sales* through the Mercari consumer-to-consumer (C2C) marketplace app in partnership with Buyee, a proxy service for crossborder e-commerce operated by a wholly owned subsidiary of BEENOS Inc.
*Some categories of items not available
Image:
https://kyodonewsprwire.jp/prwfile/release/M105775/201911073215/_prw_PI1lg_xavEk7L3.png
With its mission to create value in a global marketplace where anyone can buy & sell, Mercari, Inc. develops and operates Mercari, a marketplace app through which individuals can buy and sell items easily and safely. Mercari is Japan's largest C2C marketplace, with approximately 14 million monthly users, a gross merchandise value (GMV) of approximately 530.7 billion JPY*, and a total of over 1.1 billion items listed to date.
*From the full-year financial results for FY2019 through June
Mercari has seen a large amount of interest from overseas, with a sixfold increase in visits to Mercari's web version from outside of Japan since 2017, indicating a strong potential demand for purchases by users abroad. Based on its mission to create value in a global marketplace where anyone can buy & sell, and the potential market scale of the crossborder e-commerce market, Mercari has decided to start offering crossborder sales through proxy service Buyee.
Buyee is a proxy service with over one million registered users, available in over 100 countries and regions throughout the world. Through this partnership with Buyee, users overseas can browse and search items listed on Mercari in Japanese, English, and Chinese (traditional and simplified), and purchase items using popular overseas payment methods, such as PayPal, Alipay, and UnionPay. Offering crossborder sales will allow people overseas to purchase items from Mercari, instead of limiting this only to users in Japan, and Mercari expects this to lead to increased sales opportunities. Items will only become available for purchase on Buyee if a certain amount of time has passed since their listing on Mercari.
- How It Works
1. When an overseas user places an order on Buyee ( https://buyee.jp/mercari/ ), an official Buyee account purchases the item on Mercari for the user.
2. The seller of the item on Mercari ships the item to Buyee's warehouse in Japan.
3. When the item arrives, Buyee staff checks the item and rates the seller, and the seller receives sales proceeds.
4. Buyee ships the item to the buyer overseas, and handles all further steps.
Image:
https://kyodonewsprwire.jp/prwfile/release/M105775/201911073215/_prw_PI2lg_pT33Vyk3.png
- Proof of Concept for Crossborder Sales
Starting in August 2019, Mercari carried out a proof-of-concept study on crossborder sales of items that had been listed for a certain amount of time on Mercari. From this study, Mercari has identified item categories popular among users overseas.
Image:
https://kyodonewsprwire.jp/prwfile/release/M105775/201911073215/_prw_PI3lg_4761IX8h.png
The most popular category among overseas users was merchandise featuring popular characters. Many of these users are interested in things that can only be bought in Japan, such as merchandise from Japanese animation works and games.
Mercari will continue looking for ways to provide a safe and secure marketplace globally and fulfill its mission to create value in a global marketplace where anyone can buy and sell.
- About Mercari
Company name: Mercari, Inc.
Head office: Roppongi Hills Mori Tower, 6-10-1 Roppongi, Minato-ku, Tokyo 106-6118
Business: Planning, development and operation of the Mercari marketplace app
Representative: Shintaro Yamada
- About BEENOS
Company name: BEENOS Inc.
Head office: 7F Gotenyama Trust Tower, 4-7-35 Kita-Shinagawa, Shinagawa-ku, Tokyo 140-0001
Business: Domestic and international e-commerce
Representative: Shota Naoi
*Buyee is operated by wholly owned subsidiary tenso, inc.
*For information about using the Mercari logo and icon, please check the site below.
https://www.mercari.com/jp/logo-guidelines/
Source: Mercari, Inc.
http://mrem.bernama.com/viewsm.php?idm=36140
Thursday, November 14, 2019
NORTHERN TRUST AND BONDEVALUE PARTNER TO DELIVER FRACTIONALISED BOND OWNERSHIP USING BLOCKCHAIN TECHNOLOGY
Northern Trust to Provide Asset Servicing Solutions for BondEvalue’s Distributed Ledger Technology-based Bond Trading Platform
SINGAPORE, Nov 13 (Bernama-BUSINESS WIRE) -- Northern Trust (Nasdaq:NTRS) and BondEvalue today announce a strategic partnership to deliver integrated asset servicing and digital solutions for fractional ownership of fixed income bonds. BondEvalue’s regulated platform will facilitate trading of fractionalised investable assets based on wholesale bonds, while Northern Trust will be its exclusive asset servicing provider.
BondEvalue’s platform combines the power of blockchain-based distributed ledger technology (DLT) to enable enhanced transparency and liquidity, while making institutional grade investment opportunities available to new classes of investors.
This partnership follows the recent news that the BondEvalue platform had been granted permission to enter the Monetary Authority of Singapore’s Sandbox Express to launch its blockchain-based bond exchange.
Justin Chapman, global head of Market Advocacy & Innovation Research at Northern Trust said: “Northern Trust is a strong advocate for the potential of blockchain. Our partnership with BondEvalue has the potential to allow a wider group of investors access to investments which were historically only available to larger institutions. It enables us to continue to lead and develop future market solutions supported by our focus on digitisation and blockchain technology innovation.”
Rahul Banerjee, founder, BondEvalue, said: “We are excited to work with Northern Trust in making bond markets more efficient and transparent for bond investors, via our fractional bond exchange. It is important for us to have a partner who recognises the potential of DLT and is nimble in their technological adoption. As we journey towards making bonds more widely accessible, we are delighted to have Northern Trust as a partner who offers investors and exchange participants the confidence in the integrity of the platform offering.”
Yen Leng Ong, country executive for Southeast Asia at Northern Trust, added: “Singapore has an advanced regulatory framework which enables the establishment of our relationship with BondEvalue. The partnership is a further step in our blockchain technology capability buildout for Asia-Pacific. And this marks a significant milestone for the Singapore branch, as Northern Trust’s regional headquarters.
The Memorandum of Understanding between Northern Trust and BondEvalue was signed on 5 November 2019.
About Northern Trust
Northern Trust Corporation (Nasdaq:NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has a global presence with offices in 20 U.S. states and Washington, D.C., and across 23 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of September 30, 2019, Northern Trust had assets under custody/administration of US $11.6 trillion, and assets under management of US $1.2 trillion. For 130 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit northerntrust.com or follow us on Twitter @NorthernTrust.
Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Global legal and regulatory information can be found at https://www.northerntrust.com/terms-and-conditions.
About BondEvalue
BondEvalue is a Singapore based fintech that has been changing the Asian fixed income markets since 2016. The founders have decades of leadership experience in debt markets, on both business and technology sides. BondEvalue brings innovation to bond price discovery, AI-based news, analytics, and delivers these services via mobile, web and APIs. In November 2019, BondEvalue unveiled the world’s first blockchain-based bond exchange that allows investors to trade BondbloX, which are $1,000 fractions of traditional wholesale bonds. The platform operates on a B2B2C model and connects to the end investor via their bank or broker. Please visit bondevalue.com for further information. More details can be found on www.bondevalue.com.
http://mrem.bernama.com/viewsm.php?idm=36112
SINGAPORE, Nov 13 (Bernama-BUSINESS WIRE) -- Northern Trust (Nasdaq:NTRS) and BondEvalue today announce a strategic partnership to deliver integrated asset servicing and digital solutions for fractional ownership of fixed income bonds. BondEvalue’s regulated platform will facilitate trading of fractionalised investable assets based on wholesale bonds, while Northern Trust will be its exclusive asset servicing provider.
BondEvalue’s platform combines the power of blockchain-based distributed ledger technology (DLT) to enable enhanced transparency and liquidity, while making institutional grade investment opportunities available to new classes of investors.
This partnership follows the recent news that the BondEvalue platform had been granted permission to enter the Monetary Authority of Singapore’s Sandbox Express to launch its blockchain-based bond exchange.
Justin Chapman, global head of Market Advocacy & Innovation Research at Northern Trust said: “Northern Trust is a strong advocate for the potential of blockchain. Our partnership with BondEvalue has the potential to allow a wider group of investors access to investments which were historically only available to larger institutions. It enables us to continue to lead and develop future market solutions supported by our focus on digitisation and blockchain technology innovation.”
Rahul Banerjee, founder, BondEvalue, said: “We are excited to work with Northern Trust in making bond markets more efficient and transparent for bond investors, via our fractional bond exchange. It is important for us to have a partner who recognises the potential of DLT and is nimble in their technological adoption. As we journey towards making bonds more widely accessible, we are delighted to have Northern Trust as a partner who offers investors and exchange participants the confidence in the integrity of the platform offering.”
Yen Leng Ong, country executive for Southeast Asia at Northern Trust, added: “Singapore has an advanced regulatory framework which enables the establishment of our relationship with BondEvalue. The partnership is a further step in our blockchain technology capability buildout for Asia-Pacific. And this marks a significant milestone for the Singapore branch, as Northern Trust’s regional headquarters.
The Memorandum of Understanding between Northern Trust and BondEvalue was signed on 5 November 2019.
About Northern Trust
Northern Trust Corporation (Nasdaq:NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has a global presence with offices in 20 U.S. states and Washington, D.C., and across 23 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of September 30, 2019, Northern Trust had assets under custody/administration of US $11.6 trillion, and assets under management of US $1.2 trillion. For 130 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit northerntrust.com or follow us on Twitter @NorthernTrust.
Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Global legal and regulatory information can be found at https://www.northerntrust.com/terms-and-conditions.
About BondEvalue
BondEvalue is a Singapore based fintech that has been changing the Asian fixed income markets since 2016. The founders have decades of leadership experience in debt markets, on both business and technology sides. BondEvalue brings innovation to bond price discovery, AI-based news, analytics, and delivers these services via mobile, web and APIs. In November 2019, BondEvalue unveiled the world’s first blockchain-based bond exchange that allows investors to trade BondbloX, which are $1,000 fractions of traditional wholesale bonds. The platform operates on a B2B2C model and connects to the end investor via their bank or broker. Please visit bondevalue.com for further information. More details can be found on www.bondevalue.com.
http://mrem.bernama.com/viewsm.php?idm=36112
TASSAT'S ACQUISITION OF SEF REGISTRATION APPROVED BY CFTC
This SEF transfer approval marks an important milestone in Tassat’s plan to launch its cryptocurrency derivatives exchange and list its first contract
NEW YORK, Nov 11 (Bernama-BUSINESS WIRE) -- Tassat Group LLC, a global provider of financial technologies and products for the traditional and digital asset markets announced today that the CFTC has approved its acquisition of a Swap Execution Facility (“SEF”) registration.
With this transfer approval, Tassat will move forward with plans to list its first cryptocurrency derivative product, an institutional-focused, margined, physically-deliverable Bitcoin swap. This derivative contract will be listed on its own SEF registered as Tassat Derivatives LLC, a wholly owned subsidiary of Tassat Group LLC.
Tassat will be providing additional details about its Bitcoin swap contract, the development of its exchange and will be announcing a formal launch date in the near future.
NEW YORK, Nov 11 (Bernama-BUSINESS WIRE) -- Tassat Group LLC, a global provider of financial technologies and products for the traditional and digital asset markets announced today that the CFTC has approved its acquisition of a Swap Execution Facility (“SEF”) registration.
With this transfer approval, Tassat will move forward with plans to list its first cryptocurrency derivative product, an institutional-focused, margined, physically-deliverable Bitcoin swap. This derivative contract will be listed on its own SEF registered as Tassat Derivatives LLC, a wholly owned subsidiary of Tassat Group LLC.
Tassat will be providing additional details about its Bitcoin swap contract, the development of its exchange and will be announcing a formal launch date in the near future.
- Tassat has been actively on-boarding institutional participants (eligible contract participants or ECPs) and running User Acceptance Tests
- The Bitcoin swap will be traded view a central limit order book
- Shortly after the initial launch, Tassat plans to introduce additional ECP-focused workflows including Request for Quote (RFQ) and block trading functionality.
The transfer of the SEF registration was made effective on November 6, 2019.
Thomas Kim, Tassat CEO said: “Having a Swap Execution Facility will enable Tassat to bring to market the flexible and innovative derivative products our institutional customers need to efficiently manage digital asset risk. Additionally, our exchange will provide the workflows and infrastructure needed to gain exposure, trade and hedge digital assets in much the same way as in other traditional asset classes. We look forward to working closely with the institutional community and the CFTC to make this a reality”.
Tassat has been working closely with buyside traders and liquidity providers to develop its products.
Philippe Bekhazi, CEO of XBTO said: "We are keen to transact with a new physically deliverable swap product and look forward to participating in Tassat’s exchange. We have been active participants in their UAT and believe they will be introducing a product that will help drive the industry forward."
John Slazas Managing Partner at DARMA Capital said: “We are thrilled to see an exchange enter the market that is focused on offering innovative and regulated products. This is a positive step in the continued maturation of the digital currency asset class. We’ve watched Tassat grow and are excited to see them achieve this milestone as they move one step closer to offering products which we look forward to trading."
Upon launch, Tassat will join the CME and Bakkt in being among the first US venues to offer CFTC-regulated cryptocurrency derivatives products. Thereafter Tassat plans to introduce additional derivatives products encompassing a range of underlying assets, durations and contract types to meet the needs of a wider range of institutional participants.
About Tassat
Tassat LLC, a New York-based global financial technology company, provides innovative solutions to financial markets utilizing blockchain-based technologies to enable frictionless asset transfer and settlement. In addition to developing and introducing this leveraged physically-deliverable Bitcoin derivatives for institutional investors, Tassat has developed the first IOSCO compliant OTC reference rates for Bitcoin and Ethereum based on executable bid-offer data from over 10 institutional market makers. Tassat also built the first blockchain-powered 24/7/365 payments platform approved by the NYDFS for a New York based commercial bank.
For additional information, please visit www.tassat.com or connect with the Company on Twitter or LinkedIn.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20191108005300/en/
Contact
Media:
Articulate Communications
tassat@articulatecomms.com
646-661-4223
Source : Tassat Group LLC
--BERNAMA
Thomas Kim, Tassat CEO said: “Having a Swap Execution Facility will enable Tassat to bring to market the flexible and innovative derivative products our institutional customers need to efficiently manage digital asset risk. Additionally, our exchange will provide the workflows and infrastructure needed to gain exposure, trade and hedge digital assets in much the same way as in other traditional asset classes. We look forward to working closely with the institutional community and the CFTC to make this a reality”.
Tassat has been working closely with buyside traders and liquidity providers to develop its products.
Philippe Bekhazi, CEO of XBTO said: "We are keen to transact with a new physically deliverable swap product and look forward to participating in Tassat’s exchange. We have been active participants in their UAT and believe they will be introducing a product that will help drive the industry forward."
John Slazas Managing Partner at DARMA Capital said: “We are thrilled to see an exchange enter the market that is focused on offering innovative and regulated products. This is a positive step in the continued maturation of the digital currency asset class. We’ve watched Tassat grow and are excited to see them achieve this milestone as they move one step closer to offering products which we look forward to trading."
Upon launch, Tassat will join the CME and Bakkt in being among the first US venues to offer CFTC-regulated cryptocurrency derivatives products. Thereafter Tassat plans to introduce additional derivatives products encompassing a range of underlying assets, durations and contract types to meet the needs of a wider range of institutional participants.
About Tassat
Tassat LLC, a New York-based global financial technology company, provides innovative solutions to financial markets utilizing blockchain-based technologies to enable frictionless asset transfer and settlement. In addition to developing and introducing this leveraged physically-deliverable Bitcoin derivatives for institutional investors, Tassat has developed the first IOSCO compliant OTC reference rates for Bitcoin and Ethereum based on executable bid-offer data from over 10 institutional market makers. Tassat also built the first blockchain-powered 24/7/365 payments platform approved by the NYDFS for a New York based commercial bank.
For additional information, please visit www.tassat.com or connect with the Company on Twitter or LinkedIn.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20191108005300/en/
Contact
Media:
Articulate Communications
tassat@articulatecomms.com
646-661-4223
Source : Tassat Group LLC
--BERNAMA
Wednesday, November 13, 2019
Ceylon Graphite subsidiary receives Environmental Protection License for Sri Lanka project
KUALA LUMPUR, Nov 12 -- Ceylon Graphite Corp (Ceylon Graphite) has announced its wholly owned subsidiary, Sarcon Development (Pvt) Ltd (Sarcon) was granted an Environmental Protection License (EPL) for its K1 Graphite Mining Project at Karasnagla, Sri Lanka.
The License from the Central Environmental Authority bearing No 17501 (R0) dated Oct 14 under provisions of the National Environmental Act 47 of 1980 and amended by Acts No 56 of 1988 and No 53 of 2000, of the Government of Sri Lanka.
“Sarcon looks forward to working closely with the CEA and other Government Departments in Sri Lanka with the aim of being environmentally conscious and abiding with all the rules set by the authorities as our business grows,” said chief executive officer, Bharat Parashar.
The CEA is the Environmental Regulator in Sri Lanka and was established by an Act of Parliament, according to a statement.
The company also announced that a subsidiary of Sarcon, BPA Lanka (Private) Ltd has purchased land next to the K1 project that will allow the company to construct an adit from the main shaft.
In the same statement, the company also announced its director, George Smitherman’s resignation.
More information at https://www.ceylongraphite.com.
-- BERNAMA
The License from the Central Environmental Authority bearing No 17501 (R0) dated Oct 14 under provisions of the National Environmental Act 47 of 1980 and amended by Acts No 56 of 1988 and No 53 of 2000, of the Government of Sri Lanka.
“Sarcon looks forward to working closely with the CEA and other Government Departments in Sri Lanka with the aim of being environmentally conscious and abiding with all the rules set by the authorities as our business grows,” said chief executive officer, Bharat Parashar.
The CEA is the Environmental Regulator in Sri Lanka and was established by an Act of Parliament, according to a statement.
The company also announced that a subsidiary of Sarcon, BPA Lanka (Private) Ltd has purchased land next to the K1 project that will allow the company to construct an adit from the main shaft.
In the same statement, the company also announced its director, George Smitherman’s resignation.
More information at https://www.ceylongraphite.com.
-- BERNAMA
Monday, November 11, 2019
AXIOMSL RECOGNISED AS BEST SOLUTION FOR ‘RISK DATA AGGREGATION AND REPORTING’
KUALA LUMPUR, Nov 8 (Bernama) -- -AxiomSL, a regulatory reporting and risk management solutions provider has bagged the best solution for ‘Risk Data Aggregation and Reporting’ by Chartis Research.
Chartis Research is a provider of research and analysis on the global market for risk technology.
According to AxiomSL founder and chief executive officer, Alex Tsigutkin, this was meaningful as it recognises AxiomSL’s ControllerView® data integrity and control platform and its risk capital calculation and reporting solution.
“Data integrity is a fundamental precondition for a comprehensive risk data aggregation infrastructure as it provides senior management with an accurate picture of the organisation’s risk exposures.
“Combined with our robust data-lineage module, ControllerView provides executives with an audit-enabled view of risk exposures and enables attestation to the data’s timeliness, completeness and accuracy,” said Tsigutkin.
AxiomSL combines its deep industry experience and intelligent data-management platform to deliver solutions and services around regulatory and risk reporting, liquidity, capital and credit, operations, trade and transactions and tax analytics.
More details at https://www.axiomsl.com/
-- BERNAMA
Chartis Research is a provider of research and analysis on the global market for risk technology.
According to AxiomSL founder and chief executive officer, Alex Tsigutkin, this was meaningful as it recognises AxiomSL’s ControllerView® data integrity and control platform and its risk capital calculation and reporting solution.
“Data integrity is a fundamental precondition for a comprehensive risk data aggregation infrastructure as it provides senior management with an accurate picture of the organisation’s risk exposures.
“Combined with our robust data-lineage module, ControllerView provides executives with an audit-enabled view of risk exposures and enables attestation to the data’s timeliness, completeness and accuracy,” said Tsigutkin.
AxiomSL combines its deep industry experience and intelligent data-management platform to deliver solutions and services around regulatory and risk reporting, liquidity, capital and credit, operations, trade and transactions and tax analytics.
More details at https://www.axiomsl.com/
-- BERNAMA
VISTAJET CROWNED BEST OPERATOR FOR THE FOURTH CONSECUTIVE YEAR
Company’s unmatched operational standards and service excellence win recognition at the AsBAA Icons of Aviation Awards 2019
HONG KONG, Nov 7 (Bernama-GLOBE NEWSWIRE) -- VistaJet, the first and only global private aviation company, continues an outstanding 2019 by being crowned Asia’s best operator for the fourth consecutive year at the AsBAA Icons of Aviation Awards. The honor celebrates excellence and recognizes best practices in the private aviation industry across the continent, and comes following VistaJet’s receipt of the inaugural award for Most Innovative Company at the 2018 ceremony.
VistaJet is celebrating its 15-year anniversary in 2019, having transformed from a start-up with two aircraft in Europe to a global aviation unicorn with more than 70 long-range jets. A leading innovator in the industry, VistaJet has continued to see record growth year on year, with a 31% increase in new Members in 2018 and a 25% rise in flights globally. Asia performed strongly with a 26% growth in flights, and the momentum continues with the launch of customer-centric programs including VistaPet, the most comprehensive global pet travel program, and VistaJet World, a portfolio of once-in-a-lifetime exclusive global travel experiences.
In October 2019, VistaJet announced that it will introduce the first fleet of Bombardier Global 7500 aircraft, entering service from January 2020. The Global 7500 is the largest and longest-range business jet available on the market today. Its ultra-long-range flight capability and large cabin with four living spaces, including a permanent private stateroom suite, are particularly appealing to customers in Asia, where long-haul comfort is highly sought after. The jet can fly non-stop over popular long-range routes such as Hong Kong to New York and Singapore to San Francisco, and can cut travel time by up to 21% compared to the next fastest jet, offering the ultimate private flying experience in terms of productivity and efficiency.
http://mrem.bernama.com/viewsm.php?idm=36040
HONG KONG, Nov 7 (Bernama-GLOBE NEWSWIRE) -- VistaJet, the first and only global private aviation company, continues an outstanding 2019 by being crowned Asia’s best operator for the fourth consecutive year at the AsBAA Icons of Aviation Awards. The honor celebrates excellence and recognizes best practices in the private aviation industry across the continent, and comes following VistaJet’s receipt of the inaugural award for Most Innovative Company at the 2018 ceremony.
VistaJet is celebrating its 15-year anniversary in 2019, having transformed from a start-up with two aircraft in Europe to a global aviation unicorn with more than 70 long-range jets. A leading innovator in the industry, VistaJet has continued to see record growth year on year, with a 31% increase in new Members in 2018 and a 25% rise in flights globally. Asia performed strongly with a 26% growth in flights, and the momentum continues with the launch of customer-centric programs including VistaPet, the most comprehensive global pet travel program, and VistaJet World, a portfolio of once-in-a-lifetime exclusive global travel experiences.
In October 2019, VistaJet announced that it will introduce the first fleet of Bombardier Global 7500 aircraft, entering service from January 2020. The Global 7500 is the largest and longest-range business jet available on the market today. Its ultra-long-range flight capability and large cabin with four living spaces, including a permanent private stateroom suite, are particularly appealing to customers in Asia, where long-haul comfort is highly sought after. The jet can fly non-stop over popular long-range routes such as Hong Kong to New York and Singapore to San Francisco, and can cut travel time by up to 21% compared to the next fastest jet, offering the ultimate private flying experience in terms of productivity and efficiency.
http://mrem.bernama.com/viewsm.php?idm=36040
Thursday, November 7, 2019
Monday, November 4, 2019
SweeGen defends, protects Reb M intellectual property
KUALA LUMPUR, Oct 30 -- Stevia-based sweetener company, SweeGen has defended and protected its production of Reb M by its highly titer-effective and cost-effective patent-protected process - Reb M produced via Reb D4.
SweeGen’s statement is in response to what it says were distorted claims about intellectual property made by PureCircle in the media today.
On this basis, SweeGen has no doubt that the upcoming patent litigation with its competitor, PureCircle will vindicate its rights in the Reb M marketplace.
In its recently published international patent application PCT/US/2017/056457, SweeGen, the exclusive licensee, disclosed its Reb M via Reb D4 process and expects the claims to grant.
SweeGen is confident that it will prevail not only in the upcoming litigation with PureCircle, but also in the marketplace for sweeteners generally, as being the pioneer of successful production of high purity non-GMO rebaudiosides, and in particular of Reb M.
More information at www.sweegen.com.
-- BERNAMA
SweeGen’s statement is in response to what it says were distorted claims about intellectual property made by PureCircle in the media today.
On this basis, SweeGen has no doubt that the upcoming patent litigation with its competitor, PureCircle will vindicate its rights in the Reb M marketplace.
In its recently published international patent application PCT/US/2017/056457, SweeGen, the exclusive licensee, disclosed its Reb M via Reb D4 process and expects the claims to grant.
SweeGen is confident that it will prevail not only in the upcoming litigation with PureCircle, but also in the marketplace for sweeteners generally, as being the pioneer of successful production of high purity non-GMO rebaudiosides, and in particular of Reb M.
More information at www.sweegen.com.
-- BERNAMA
Sunday, November 3, 2019
P&G achieves 2020 goal, purchasing 100 pct renewable electricity
KUALA LUMPUR, Oct 25 -- The Procter & Gamble Company (P&G) has reached its 2020 goal of purchasing 100 per cent renewable electricity in the United States (US) and Canada, exceeding its original goal by extending the purchase to Western Europe.
These three are among its largest markets, representing over 70 per cent of P&G’s purchased electricity, according to a statement.
The commitment was achieved ahead of schedule, signifying a strong start to reaching P&G’s goal of purchasing 100 per cent renewable electricity globally by 2030.
“Our primary goal is, and will continue to be, to deliver the superior products our consumers can trust, with the reassurance that behind each P&G product is a supply chain committed to environmental responsibility,” said P&G chief sustainability officer, Virginie Helias.
The company’s largest individual contributors to its renewable energy production include its wind farm in Tyler Bluff, Texas, which offsets 100 per cent of the electricity needed for Fabric and Home Care facilities in the US and Canada.
Building on its legacy of environmental leadership, P&G has already achieved many of its 2020 sustainability goals for energy, water and waste, making measurable progress that can be seen across brands and geographies.
P&G expects that by executing new projects, while also continuing to purchase electricity from renewable sources, it can spur further innovation, investment and a transition to renewable energy for the regional utilities that provide energy to its nearly 150 sites globally.
More information at https://us.pg.com.
-- BERNAMA
These three are among its largest markets, representing over 70 per cent of P&G’s purchased electricity, according to a statement.
The commitment was achieved ahead of schedule, signifying a strong start to reaching P&G’s goal of purchasing 100 per cent renewable electricity globally by 2030.
“Our primary goal is, and will continue to be, to deliver the superior products our consumers can trust, with the reassurance that behind each P&G product is a supply chain committed to environmental responsibility,” said P&G chief sustainability officer, Virginie Helias.
The company’s largest individual contributors to its renewable energy production include its wind farm in Tyler Bluff, Texas, which offsets 100 per cent of the electricity needed for Fabric and Home Care facilities in the US and Canada.
Building on its legacy of environmental leadership, P&G has already achieved many of its 2020 sustainability goals for energy, water and waste, making measurable progress that can be seen across brands and geographies.
P&G expects that by executing new projects, while also continuing to purchase electricity from renewable sources, it can spur further innovation, investment and a transition to renewable energy for the regional utilities that provide energy to its nearly 150 sites globally.
More information at https://us.pg.com.
-- BERNAMA
Saturday, November 2, 2019
Financial Times recognises HKBU as world´s top 100 for second year running
KUALA LUMPUR, Oct 29 -- The School of Business of Hong Kong Baptist University (HKBU) has won a world top 100 ranking for its Master of Science in Business Management (MScBM) programme in the Financial Times Masters in Management (MiM) ranking.
The second year running achievement was after a successful debut in the MiM ranking last year, whereby in this year’s ranking, the great majority of respondents agreed that the HKBU MScBM programme helped them achieve their goals.
The programme also ranked in the top 30 globally for alumni’s career progress and percentage salary increase in the first three years after graduation.
“We are continually developing our programme to provide our students with world-class education that prepares them to excel on their chosen path,” said HKBU School of Business dean, Prof Ed Snape.
The Financial Times Masters in Management 2019 ranking is based on survey responses from the class of 2016 alumni along with school data. The ranking is based on a broad set of criteria including alumni career progression, school diversity, international experience and research.
Among the criteria, the HKBU School of Business was ranked highly for school diversity, with the fourth highest proportion of female students (70 per cent) and placed in the top 20 in percentage of female faculty (45 per cent) among all schools globally.
More information at https://bus.hkbu.edu.hk.
-- BERNAMA
The second year running achievement was after a successful debut in the MiM ranking last year, whereby in this year’s ranking, the great majority of respondents agreed that the HKBU MScBM programme helped them achieve their goals.
The programme also ranked in the top 30 globally for alumni’s career progress and percentage salary increase in the first three years after graduation.
“We are continually developing our programme to provide our students with world-class education that prepares them to excel on their chosen path,” said HKBU School of Business dean, Prof Ed Snape.
The Financial Times Masters in Management 2019 ranking is based on survey responses from the class of 2016 alumni along with school data. The ranking is based on a broad set of criteria including alumni career progression, school diversity, international experience and research.
Among the criteria, the HKBU School of Business was ranked highly for school diversity, with the fourth highest proportion of female students (70 per cent) and placed in the top 20 in percentage of female faculty (45 per cent) among all schools globally.
More information at https://bus.hkbu.edu.hk.
-- BERNAMA
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