NIPPON EXPRESS (VIETNAM) OPENS NX VSIP II LOGISTICS CENTER IN BINH DUONG PROVINCE

TOKYO, July 26, 2023 /Kyodo JBN-AsiaNet/ -- 

Nippon Express (Vietnam) Co., Ltd. (hereafter "NX Vietnam"), a group company of NIPPON EXPRESS HOLDINGS, INC., has opened the NX VSIP II Logistics Center in the country's southern province of Binh Duong and will begin its operations on August 1.
 
Logo: https://kyodonewsprwire.jp/img/202307187198-O1-zlY15dd1
 
Photo: Warehouse exterior
https://cdn.kyodonewsprwire.jp/prwfile/release/
M103866/202307187198/_prw_PI2fl_35ZJT3GX.jpg
 
 
As Vietnam's economy has grown, consumer spending has increased and new retailers have continued to expand into the country. In addition, a steady stream of manufacturing and other companies has poured into Vietnam, drawn by its abundant labor resources.
 
NX Vietnam's newly established NX VSIP II Logistics Center is located in an area with easy access to Ho Chi Minh City and its thriving manufacturing sector. The warehouse will provide product storage, sorting, and distribution processing services for retailers and serve as a distribution hub for Ho Chi Minh City and surrounding areas, as well as providing bonded inventory management services for export processing enterprises (EPEs).
 
NX Vietnam will utilize the NX VSIP II Logistics Center as a major logistics base for the northern Ho Chi Minh City area, and will support customers considering launching new businesses in Vietnam or expanding existing ones by offering packaged services.
 
Profile of new warehouse
- Name: NX VSIP II Logistics Center
- Address: 18 L2-4 Tao Luc Road No.5, Vietnam Singapore Industrial Park II, Binh Duong Industrial - Service - Urban Complex, Hoa Phu Ward, Thu Dau Mot City, Binh Duong, Vietnam
- Total floor area: 14,511 m2
- Key facilities: Raised-floor truck berths (20 in total), rack system, CCTV, access control system, private power generation equipment
- Start of operations: August 1, 2023
 
Nippon Express website: https://www.nipponexpress.com/
 
Nippon Express Group's official LinkedIn account:
https://www.linkedin.com/company/nippon-express-group/
 
 
Source: NIPPON EXPRESS HOLDINGS, INC.  

http://mrem.bernama.com/viewsm.php?idm=46662

POWERSCHOOL AND SAMART TELCOMS PARTNER TO EXPAND PERSONALIZED LEARNING TECHNOLOGY IN THAILAND

PowerSchool’s partnership with Samart Telcoms PCL will expand educator and student access to PowerSchool’s innovative and mission-critical solutions in Thailand

FOLSOM, Calif., July 21 (Bernama-BUSINESS WIRE) -- PowerSchool (NYSE: PWSC), the leading provider of cloud-based software for K-12 education in North America, today announced a partnership with Samart Telcoms Public Company Limited (PCL) as part of the continued expansion of PowerSchool’s PowerPartner Program. The partnership with Samart Telcoms PCL will support the global expansion of PowerSchool’s channel partner program and deliver PowerSchool Schoology Learning, PowerSchool SIS, and PowerSchool Enrollment to educational institutions in Thailand.

“We’re thrilled to partner with Samart Telcoms PCL to extend PowerSchool’s mission-critical education technology solutions throughout Thailand,” said Tony Kender, Chief Revenue Officer at PowerSchool. “We share an aligned mission of providing educators and students with technology that empowers them to realize their full potential and we are pleased to partner with Samart Telcoms to continue enabling digital transformation in education.”

The Samart Telcoms PCL partnership will focus on supporting educators and the over 10 million students enrolled throughout Thailand with plans to serve more than 100,000 students across Thailand in the next year. Through the partnership educators across the country can access mission-critical tools that are part of PowerSchool’s international localization framework including PowerSchool’s leading learning management system (LMS), Schoology Learning, PowerSchool SIS, and PowerSchool Enrollment to support even more educators, students, and families and help them realize the promise of personalized education.

“At Samart Telcoms we work to deliver differentiated, industry-leading technologies that advance industries,” said Miss Chotika Kamloonwesaruch, Executive Vice President of Samart Telcoms PCL. “We’re proud to partner with PowerSchool to continue expanding innovative education technology solutions in Thailand.”

The PowerPartner Program, a global channel partner initiative, leverages PowerSchool’s regional channel partners to support localized marketing, sales, and customer deployment efforts. Currently, PowerSchool channel partners serve customers in The Kingdom of Saudi Arabia, Qatar, Kuwait, Sub-Saharan Africa, Thailand, India, the Philippines, and Uruguay, with plans to rapidly expand the program this year. 

http://mrem.bernama.com/viewsm.php?idm=46634

AM BEST AFFIRMS CREDIT RATINGS OF NATIONAL REINSURANCE CORPORATION OF THE PHILIPPINES

SINGAPORE, July 14 (Bernama-BUSINESS WIRE) -- AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” (Good) of National Reinsurance Corporation of the Philippines (Nat Re) (Philippines). The outlook of these Credit Ratings (ratings) is stable.

The ratings reflect Nat Re’s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management (ERM).

Nat Re’s balance sheet strength is underpinned by its risk-adjusted capitalisation, as measured by Best’s Capital Adequacy Ratio (BCAR), which remained at the strongest level in 2022. AM Best views the company’s investment portfolio as having moderate risk. Despite some exposure to corporate bonds and equity investments, the majority of Nat Re’s portfolio is composed of fixed income securities issued by the Philippines government. The company’s allocation to equity investments has reduced gradually over recent years, with the expectation of continued portfolio de-risking over the medium term. The company’s balance sheet is sensitive to natural catastrophe exposure, although this risk is partially mitigated through the use of retrocession.

Nat Re’s operating performance is assessed as adequate, with a five-year average return-on-equity ratio of 2.3% (2018-2022). Net profit declined in 2022 compared to the prior year. While the company reported lower underwriting losses in 2022 compared to 2021, the improvement was outweighed by lower investment income, which was partially impacted by investment impairment and fair value losses on equity investments. Although underwriting performance improved in 2022, it continued to show a lack of profitability, mainly driven by unfavourable reserve development in its foreign non-life portfolio and higher than expected COVID-19 related claims. Investment income arising mainly from interest and dividend income continue to contribute positively to operating earnings despite declining in 2022. AM Best expects Nat Re’s prospective underwriting performance to be supported by ongoing portfolio remediation measures, including reduced participation and/or exiting from loss-making non-life treaties, as well as business growth in the more profitable domestic life reinsurance segment and other specialty lines.

AM Best views Nat Re’s business profile as neutral. The company is the only domestic reinsurer in the Philippines, benefiting from strong relationships with local cedants and access to business through mandatory local cessions. Nat Re is well-positioned for business opportunities emanating from local government initiatives, this includes its engagement in the design and launch of underwriting facilities in the Philippines market, which enables it to write greater business volumes in excess of the level stipulated by the mandatory cessions. The company’s underwriting portfolio is viewed to be moderately diversified by geography and it writes both non-life and life reinsurance. In recent years, Nat Re's shift in product mix towards the domestic life reinsurance segment has supported its improvement in portfolio diversification.

AM Best considers Nat Re’s ERM approach to be appropriate given the current size and complexity of its operations. The company’s risk management framework and corporate governance capabilities are viewed to have strengthened over recent years.

Ratings are communicated to rated entities prior to publication. Unless stated otherwise, the ratings were not amended subsequent to that communication.

This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings. For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments.

AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

Copyright © 2023 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED. 

http://mrem.bernama.com/viewsm.php?idm=46590

Cellebrite to Report Second-Quarter 2023 Financial Results on August 8, 2023

PETAH TIKVA, Israel and TYSONS CORNER, Va., July 13 (GLOBE NEWSWIRE) -- Cellebrite (NASDAQ: CLBT), a global leader in Digital Intelligence (“DI”) solutions for the public and private sectors, today announced it will report its second-quarter 2023 financial results before market open on Tuesday, August 8, 2023.

Later that same morning, Cellebrite will host a live conference call and webcast to review the Company’s financial results for the first quarter of 2023 and discuss its full-year 2023 outlook. Pertinent details include:

Date:	Tuesday, August 8, 2023
Time:	8:30 a.m. ET
Call-In Number:	203-518-9848
Conference ID:	CLBTQ223
Event URL:	https://investors.cellebrite.com/events/event-details/cellebrite-q2-23-earnings
Live Webcast URL:	https://edge.media-server.com/mmc/p/f896bks4

In conjunction with the conference call and webcast, historical financial tables and supplemental data will be available on the quarterly results section of Company’s investor relations website at https://investors.cellebrite.com/financial-information/quarterly-results. A transcript of the call will be added to this page along with access to the replay of the call.

About Cellebrite
Cellebrite’s (NASDAQ: CLBT) mission is to enable its customers to protect and save lives, accelerate justice, and preserve privacy in communities around the world. We are a global leader in Digital Intelligence solutions for the public and private sectors, empowering organizations in mastering the complexities of legally sanctioned digital investigations by streamlining intelligence processes. Trusted by thousands of leading agencies and companies worldwide, Cellebrite’s Digital Intelligence platform and solutions transform how customers collect, review, analyze and manage data in legally sanctioned investigations. To learn more, visit us at www.cellebrite.com and https://investors.cellebrite.com.

Media
Victor Cooper
Sr. Director of Corporate Communications + Content Operations
Victor.cooper@cellebrite.com
+1 404.804.5910

Investor Relations
Andrew Kramer
Vice President, Investor Relations
investors@cellebrite.com
+1 973.206.7760

Caution Regarding Forward Looking Statements

This document includes “forward looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward looking statements may be identified by the use of words such as “forecast,” “intend,” “seek,” “target,” “anticipate,” “will,” “appear,” “approximate,” “foresee,” “might,” “possible,” “potential,” “believe,” “could,” “predict,” “should,” “could,” “continue,” “expect,” “estimate,” “may,” “plan,” “outlook,” “future” and “project” and other similar expressions that predict, project or indicate future events or trends or that are not statements of historical matters. Such forward looking statements include estimated financial information. Such forward looking statements with respect to revenues, earnings, performance, strategies, prospects, and other aspects of Cellebrite’s business are based on current expectations that are subject to risks and uncertainties. A number of factors could cause actual results or outcomes to differ materially from those indicated by such forward looking statements. These factors include, but are not limited to: Cellebrite’s ability to keep pace with technological advances and evolving industry standards; Cellebrite’s material dependence on the acceptance of its solutions by law enforcement and government agencies; real or perceived errors, failures, defects or bugs in Cellebrite’s DI solutions; Cellebrite’s failure to maintain the productivity of sales and marketing personnel, including relating to hiring, integrating and retaining personnel; uncertainties regarding the impact of macroeconomic and/or global conditions, including COVID-19 and military actions involving Russia and Ukraine; intense competition in all of Cellebrite’s markets; the inadvertent or deliberate misuse of Cellebrite’s solutions; political and reputational factors related to Cellebrite’s business or operations; risks relating to estimates of market opportunity and forecasts of market growth; Cellebrite’s ability to properly manage its growth; risks associated with Cellebrite’s credit facilities and liquidity; Cellebrite’s reliance on third-party suppliers for certain components, products, or services; challenges associated with large transactions and long sales cycle; risks that Cellebrite’s customers may fail to honor contractual or payment obligations; risks associated with a significant amount of Cellebrite’s business coming from government customers around the world; risks related to Cellebrite’s intellectual property; security vulnerabilities or defects, including cyber-attacks, information technology system breaches, failures or disruptions; the mishandling or perceived mishandling of sensitive or confidential information; the complex and changing regulatory environments relating to Cellebrite’s operations and solutions; the regulatory constraints to which we are subject; risks associated with different corporate governance requirements applicable to Israeli companies and risks associated with being a foreign private issuer and an emerging growth company; market volatility in the price of Cellebrite’s shares; changing tax laws and regulations; risks associated with joint, ventures, partnerships and strategic initiatives; risks associated with Cellebrite’s significant international operations; risks associated with Cellebrite’s failure to comply with anti-corruption, trade compliance, anti-money-laundering and economic sanctions laws and regulations; risks relating to the adequacy of Cellebrite’s existing systems, processes, policies, procedures, internal controls and personnel for Cellebrite’s current and future operations and reporting needs; and other factors, risks and uncertainties set forth in the section titled “Risk Factors” in Cellebrite’s annual report on Form 20-F filed with the SEC on March 29, 2022,as amended on April 14, 2022 and in other documents filed by Cellebrite with the U.S. Securities and Exchange Commission (“SEC”), which are available free of charge at www.sec.gov. You are cautioned not to place undue reliance upon any forward looking statements, which speak only as of the date made, in this communication or elsewhere. Cellebrite undertakes no obligation to update its forward looking statements, whether as a result of new information, future developments or otherwise, should circumstances change, except as otherwise required by securities and other applicable laws. 

Source: Cellebrite DI Ltd

WilsonHCG Recognised In Everest Group’s 2023 Global RPO Services PEAK Matrix Assessment

KUALA LUMPUR, June 30 (Bernama) -- WilsonHCG, an award-winning, global leader in total talent solutions, has been named a Leader and a Star Performer once again in Everest Group’s annual Global Recruitment Process Outsourcing (RPO) Services PEAK Matrix Assessment. 

The PEAK Matrix analyses the changing dynamics of the RPO landscape, providing an objective, data-driven comparative assessment of more than 45 RPO providers based on their overall capability across different global services markets.

“We are honoured to be named a Leader and a Star Performer yet again. Our people go above and beyond every day to help our clients’ businesses get better, their dedication to excellence is critical in today’s rapidly evolving talent landscape.

“We are also proud of our position as a Major Contender in APAC, as this is a region that we have continued to expand in over the past 12 months,” said WilsonHCG Chief Executive Officer, John Wilson in a statement.

Meanwhile, Everest Group Partner, Arkadev Basak said: “Along with its deep expertise in sourcing niche high-skilled roles, WilsonHCG stands out due to its global footprint and analytical offerings.

“Its acquisition of Claro and Tracking Talent has fortified its service offerings and helped position WilsonHCG as a Leader and a Star performer on Everest Group's Recruitment Process Outsourcing (RPO) Services PEAK Matrix Assessment 2023 – Global.”

WilsonHCG's strong track record for hiring high-skilled white collar candidates and its doubling down on the healthcare and life sciences space was commended by Everest Group, as was its significant delivery capability in North America and strong presence in Europe, the Middle East and Africa (EMEA).

Other highlights of the assessment include how WilsonHCG's network of global delivery centres support multiple buyer industries, the company's vast web of partnerships with technology vendors and its acquisition of Claro to provide a market-leading offering for talent market intelligence.

WilsonHCG was also named a Leader and a Star Performer in North America, a Major Contender and a Star Performer in EMEA and a Major Contender in Asia Pacific (APAC).

-- BERNAMA

YOMAEX SECURITY SYSTEM IS UPGRADED AGAIN TO PROTECT USER ASSETS

SANTA CLARA, Calif., July 3 (Bernama-BUSINESS WIRE) -- YOMAEX Exchange, as the global leading digital currency exchange, has always placed "user asset security" at the forefront. On June 27, YOMAEX upgraded its security protection system again to provide users with a more reliable trading environment.

In the context of the rapid development of the digital currency market, YOMAEX is facing more and more security challenges. In order to better protect the security of user assets, YOMAEX has taken a series of important measures.

First of all, in terms of transaction security, YOMAEX independently developed a high-performance matching trading engine. After a comprehensive upgrade, the engine has the ability to process millions of orders per second, and the average transaction delay is less than 50 milliseconds. This technological innovation has greatly improved transaction efficiency and effectively reduced the risk of transaction lag and system downtime.

Secondly, YOMAEX has introduced an industry-leading risk control system. The system has multiple functions such as real-time monitoring, risk warning and risk control, which can accurately monitor and warn against abnormal behaviors during the transaction process, and take timely measures to ensure the safe trading for users.

YOMAEX has also strengthened asset security protection. The exchange has implemented multiple defense mechanisms against malicious and DDoS attacks, effectively avoiding hacker intrusions and network risks, and providing strong protection for users' digital assets.

In terms of information security, YOMAEX has introduced multiple verification mechanism, and users can choose a suitable verification method to improve the security of their accounts. In order to ensure the security of users' personal information and transaction data, YOMAEX adopts multiple encryption technologies to effectively prevent users' personal information and transaction data from being stolen or tampered.

The continuous upgrade of YOMAEX in terms of user asset security demonstrates its high attention and keen insight into market risks. The vigorous development of the digital currency market has brought more opportunities and potential risks, and YOMAEX is committed to creating a safe, transparent and reliable trading environment for users through continuous innovation and technological upgrading.

YOMAEX stated that the security of user assets is the top priority of YOMAEX Exchange. Users can choose YOMAEX with confidence and focus on the value-added and trading of digital assets without worrying about security issues.

Website: https://www.yomaexi.org/

View source version on businesswire.com: 
https://www.businesswire.com/news/home/20230626432200/en/

Contact

Email: support@yomaexi.org

Source : Yomaex Group Limited

Leddartech Unveils Samples Of Lvf-e Comprehensive Fusion And Perception Software

KUALA LUMPUR, June 30 (Bernama) -- LeddarTech Inc (LeddarTech), an automotive software company, announced that “B” samples of its LeddarVision entry-level ADAS L2/L2+ highway assist and 5-star NCAP 2025/GSR 2022 low-level fusion and perception software stack optimised for the TDA4VM-Q1 (8 TOPS) processor from Texas Instruments (TI) are now available.

The LeddarVision Front-Entry (LVF-E) product, formally released in late 2022, was designed for customers seeking to develop entry-level ADAS safety and highway assistance L2/L2+ applications.

According to LeddarTech in a statement, by leveraging these “B” samples, LVF-E delivers substantial cost and performance benefits for low-level fusion, paving the way for accelerated L2/L2+ systems adoption.

In addition, this breakthrough effectively reduces the sensor and processor requirements, making it more accessible and efficient for widespread implementation.

The LeddarVision Front-Entry solution also marks the first design where TI’s highly integrated and cost-efficient TDA4x processor family has been featured in a low-level fusion solution.

Among the benefits are higher performance that doubles the effective range of the sensors, allowing high-performing ADAS targeting 5-star NCAP 2025 and GSR 2022 standards with lower sensor and system costs.

It also has lower costs, which reduces hardware requirements, and efficient implementation on the TDA4VM-Q1 platform achieves one of the lowest system costs for L2/L2+ entry-level ADAS without sacrificing system performance.

-- BERNAMA