AM BEST AFFIRMS VIETNAM’S PVI INSURANCE CREDIT RATINGS, ASSIGNS NATIONAL SCALE RATING

KUALA LUMPUR, March 29 (Bernama) -- Global credit rating agency AM Best has affirmed Vietnam’s PVI Insurance Corporation (PVI Insurance) financial strength rating of A- (Excellent) and the long-term issuer credit rating of “a-” (Excellent).

According to AM Best in a statement, these credit ratings (ratings) have a stable outlook and PVI Insurance has been assigned the Vietnam National Scale Rating (NSR) of aaa.VN (Exceptional) with a stable outlook.

The ratings reflect PVI Insurance’s balance sheet strength, which the rating agency assesses as very strong, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management.

The ratings also factor in rating enhancement from PVI Insurance’s ultimate parent, HDI Haftpflichtverband der Deutschen Industrie V.a.G. (HDI V.a.G.).

AM Best assesses PVI Insurance’s operating performance as strong, supported by its five-year average return-on-equity ratio of 17.9 per cent (2019-2023) and the company continued to deliver robust underwriting profits in 2023 and achieved a combined ratio of 92.7 per cent.

Underwriting performance is expected to remain robust over the medium term supported by profitable results in commercial and industrial lines of business, with investment returns, consisting mainly of interest and dividend income, is expected to remain as a key contributor to the company’s overall earnings.

Meanwhile, PVI Insurance’s business profile was assessed as neutral, in which the company became the largest non-life insurer in Vietnam based on 2022 direct premiums and it continues to grow its market share.

The company has a strong market position in commercial and industrial lines of business, including energy, property, engineering, aviation and marine insurance, as supported by its affiliation with the PetroVietnam group, one of the largest state-owned oil and gas corporations in Vietnam.

Support from HDI V.a.G. has enhanced PVI Insurance's technical expertise and service offerings, strengthening its position in the regional industrial risks insurance segment. The company benefits from risk management and governance support from HDI V.a.G.

-- BERNAMA

HOTEL VILLA FONTAINE PREMIER/GRAND HANEDA AIRPORT OFFERS ROOMS FEATURING POPULAR CHARACTERS

KUALA LUMPUR, March 29 (Bernama) -- Sumitomo Fudosan Villa Fontaine Co Ltd, a Sumitomo Realty Group, has begun offering guestrooms featuring a major Japanese carrier and popular characters known worldwide such as Hatsune Miku and LINE FRIENDS at Hotel Villa Fontaine Premier/Grand Haneda Airport.

According to a statement, it is Japan's largest airport hotel with 1,717 guestrooms and directly connected to Haneda Airport (Tokyo International Airport) Terminal 3.

The establishment has set aside specially designed about 100 guestrooms featuring popular characters along with other well-known entities from Japan and worldwide to enhance the value of staying at the hotel.

The company aims to provide guests with a unique and memorable experience near Haneda Airport, which is striving to become a tourism-oriented country.

Sumitomo Fudosan Villa Fontaine has partnered with Japan Airlines (JAL); Hatsune Miku; Kanosei Art Project by TOPPAN Group; KOKUYO; LINE FRIENDS; Love Live! Nijigasaki High School Idol Club; and Sirotan, to offer unique themed guestrooms.

As part of the collaboration, Hatsune Miku, a virtual singer that is popular worldwide, along with five other Piapro characters, namely  Kagamine Rin, Kagamine Len, Megurine Luka, MEIKO and KAITO, will be in the project which marks the first collaboration of all the six characters with a hotel.

Meanwhile, JAL will showcase a record of 24 guestrooms dedicated to their collaboration, in line with the number of the carrier's international flights from Haneda.

Additionally, partnership with Japanese stationery company KOKUYO who operated KOKUYODOORS, will oversee the design and layout of the rooms, while alliance with LINE FRIENDS will feature soft colours and Japanese flavours in the guestrooms' unique design that can be seen only at this hotel.

Connected with Haneda Airport Terminal 3, the hotel is convenient for guests who stay there pre & post arrival/departure, and covers a wide range of needs which is not only for business but also for leisure.

-- BERNAMA

Park Place Technologies Acquires Virginia-based SDV Solutions

KUALA LUMPUR, March 27 (Bernama) -- Park Place Technologies, the world’s leading data centre and networking optimisation firm, has acquired Virginia-based SDV Solutions, which provides client-centric data centre infrastructure solutions exclusively to Federal Government agencies.

Founded in 2004 by service-disabled veteran of the United States (US) Air Force and current owners Mike McMahan and Erin McMahan, SDV is a multi-original equipment manufacturer (OEM), independent third-party services provider exclusively to the US Federal Government.

Mike McMahan will remain with Park Place to ensure clients have a consistent and trusted team supporting the most critical missions of the US Government.

Park Place Technologies President and Chief Executive Officer, Chris Adams in a statement said SDV’s reputation and business practices make it an important addition for Park Place’s established Federal client base.

“We have been firmly entrenched in the Federal space and continue to foster long-term relationships at the highest levels. The trust and unquestioned dedication SDV is known for will be joined with our mission to optimise government data centre budgets, productivity, performance, and sustainability,” he said.

Park Place helps more than 21,000 clients optimise data centre budgets, productivity, performance, and sustainability so they can think bigger, and act faster.

From procurement to decommissioning, Park Place’s comprehensive portfolio of services and products helps information technology (IT) teams optimise IT lifecycle management.

SDV’s Channel partners will have access to Park Place’s decades-long platforms of partner incentives, Federal-adherent processes, US-based supply chain and deeper depth of security-cleared field engineers.

-- BERNAMA

FLORIDA-BASED CYBERSECURITY COMPANY LAUNCHES AUSTRALIAN DATA CENTRE

ThreatLocker Expands Endpoint Security Services and Data Infrastructure to Australia

Sydney, March 26 (Bernama-GLOBE NEWSWIRE) -- Leading cybersecurity solution provider, ThreatLocker, proudly announces the launch of its advanced data centre in Sydney, Australia, just over a year after the grand opening of its second headquarters in Dublin, Ireland. This strategic move aims to enhance cybersecurity capabilities across various sectors in Australia, including the private sector, commonwealth, state, territory, and local governments. 

The expansion of ThreatLocker will assist Australian entities in complying with the urgently recommended Australian Cyber Security Strategy implemented by the Australian Government. Additionally, ThreatLocker offers Zero Trust Application Controls and Ringfencing capabilities that align almost any organization with requirements presented by the Australian Cyber Security Centre’s Essential Eight Maturity Model. 

Commenting on the extension of their security footprint, ThreatLocker Chief Executive Officer and Co-Founder Danny Jenkins said, "Zero Trust is a mindset, and I admire the Australian government's holistic approach, involving the wider community to tackle a modern-day threat." 

Jenkins continued, "As one of the top vendors assisting businesses with Essential Eight guidelines, we are thrilled to strengthen our collaboration with Australia through this centre, bolstering their data protection and compliance initiatives." 

ThreatLocker, founded in 2017 by CEO Danny Jenkins, COO Sami Jenkins, and VP of Quality Assurance John Carolan, protects over 2 million endpoints across more than 40,000 organizations globally. The company provides 24/7/365 support with an average response time of 60 seconds or less. ThreatLocker offers a powerful Zero Trust endpoint protection platform that enables organizations to stop ransomware and other cyberattacks by controlling what software can run in their environments. The combined solutions of ThreatLocker, including Application Allowlisting, Ringfencing™, Storage Control, Elevation Control, and Endpoint Network Control, lead the cybersecurity market toward a more secure approach by blocking the exploits of unknown application vulnerabilities. 

Attachment

·         ThreatLocker Expands Endpoint Security Services to Australia
 
Spencer Ford
ThreatLocker Inc.
press@threatlocker.com  

SOURCE: ThreatLocker Inc.

--BERNAMA

DNP EXPEDITES PHOTOMASK PROCESS FOR 2NM EUV LITHOGRAPHY DEVELOPMENT

KUALA LUMPUR, March 27 (Bernama) -- Dai Nippon Printing Co Ltd (DNP) has begun development of a photomask manufacturing for 2-nanometre (nm) generation logic semiconductors that support Extreme Ultra-Violet (EUV) lithography, the cutting-edge process for semiconductor manufacturing.

DNP in a statement said it will also act as a subcontractor and provide the newly developed technology to Tokyo-based Rapidus Corporation (Rapidus).

Rapidus participated in the Research and Development Project of the Enhanced Infrastructures for Post-5G Information and Communication Systems instigated by the New Energy and Industrial Technology Development Organization (NEDO).

In response to the need for further miniaturisation, DNP will begin full-scale development of a photomask manufacturing process for 2nm generation EUV lithography, including the operation of second and third multi-electron beam mask lithography systems in fiscal year (FY) 2024.

The company plans to bring online its second and third MBMW mask lithography systems in FY 2024, accelerating the development of photomasks for 2nm generation EUV lithography.

It has strengthened its ability to manufacture cutting-edge semiconductors with high productivity and quality, being the world's first merchant photomask manufacturer to introduce the multi-beam mask writing tool (MBMW); and completed the development of a photomask manufacturing process for 3nm generation EUV lithography and commenced development of 2nm generation technology, in 2016 and 2023, respectively.

By FY 2025, DNP will complete the development of a manufacturing process for photomasks for 2nm generation logic semiconductors that support EUV lithography. From FY 2026 onwards, it will push ahead with the establishment of production technology with a view to commencing mass production in FY 2027.

It has also begun development with an eye toward the 2nm generation and beyond, and has signed an agreement with imec, a cutting-edge international research organisation headquartered in Leuven, Belgium, to jointly develop next-generation EUV photomasks.

DNP will continue to contribute to the growth of Japan's semiconductor industry by promoting development in collaboration with various partners within the framework of the international semiconductor industry.

-- BERNAMA

CHINA AND HONG KONG LEAD ASIAN PARTICIPATION AT ALIMENTARIA&HOSTELCO 2024

The trade show platform will hold in Barcelona one of the editions with the highest participation of international companies and professionals in its history. Of the 3,200 exhibiting companies, 900 come from outside Spain and 25% of the 100,000 expected visitors will come from more than 120 countries, consolidating its position as the leading European platform for the sector. From 18 to 21 March the major challenges and trends in the industry, such as functional foods, sustainability and AI, will be addressed in more than 350 activities and demonstrations by 700 prestigious experts and chefs.


BARCELONA, Spain, March 19 (Bernama-GLOBE NEWSWIRE) -- Multiplying business opportunities and their international impact is the main objective of Alimentaria&Hostelco 2024, one of the largest European events for the food and beverage, catering and hospitality equipment industry for professionals from distribution, retail and the Horeca channel, which will occupy 100,000 net m2 at Fira de Barcelona's Gran Via venue.

After Spain, the country with the largest exhibition space will be Italy, followed by Turkey, China and Hong Kong, Poland, Portugal, France, Belgium, Germany, the Netherlands and Argentina. The participation of Asian companies, led by China and Hong Kong, and with a large representation from Taiwan, Thailand and South Korea, stands out.

In order to maximise its business opportunities, the event has a buyer invitation program, through which it will bring together more than 2,200 importers, distributors, directors and high-level purchasing managers. Of these, more than half are international, from 98 countries - led by the United States, Mexico, China, Portugal, the United Kingdom, Colombia, Canada and South Korea - and more than 13,000 business meetings are planned.

Alimentaria&Hostelco is one of the platforms with the largest cross-sector offering in the international sector, where the meat, food service and hospitality sectors are most widely represented. This year's edition focuses on the Horeca channel and combines the exhibition offer of Hostelco, the International Restaurant, Hotel, Catering and Community Equipment and Machinery Show, with Restaurama, the Alimentaria show specialising in food service. In addition, the new Coffee, Bakery & Pastry sector and the Catering in Collectivities area, with their respective revitalization spaces, will be added to this large area which will occupy three of the exhibition center's seven pavilions.

Press Alimentaria: Susana Santamaria ssantamaria@alimentaria.com
Press Hostelco: Gloria Dilluvio gdilluvio@firabarcelona.com

For media requests please contact:

Salvador Bilurbina
email: sbilurbina@firabarcelona.com
phone: +34628162674 

SOURCE : Fira De Barcelona

STERLING TRADING TECH BRINGS PROPRIETARY OMS AND RISK MODELS TO ASIA

Korea Launched, Hong Kong and Singapore to Follow


Chicago, March 13 (Bernama-GLOBE NEWSWIRE) -- Sterling Trading Tech (STT), a leading global provider of technology in order management, risk and margin, and trading, today announced a 2024 expansion into Asia. STT focuses on client growth by delivering technology that provides clients with a competitive advantage. This announcement comes as the second in a series of strategic announcements for 2024 regarding plans for international expansion, following the recent onboarding of KBFG Securities America Inc. 

The move is in response to the Asia markets and client demand for more advanced OMS and Risk solutions than are currently available in local markets. STT has identified Korea, Hong Kong, and Singapore as the focus for the expansion. STT will deploy its systems both locally and cross-border (focusing on U.S. operations of Asia entities). 

Sterling’s multi-asset OMS enhances liquidity and alpha generation in U.S. equities and options. It fosters client growth and competitiveness by creating operational and infrastructure efficiencies. STT’s OMS offers real-time balances and positions, advanced margin methodologies, customizable risk controls, broad reporting capabilities, and API connectivity, enabling seamless trading.  Advanced order queuing allows traders to place orders at any time and receive international orders in real time outside of U.S. trading hours. 

The Risk & Margin capability is delivered across a menu of technical alternatives, covers US equities and global options, and delivers proprietary and unique RegTech capability. This includes Risk & Margin together in one system, and RegT and Custom House Policy Updates in real time. Post-execution analysis is done using real-time market data. 

Said Jennifer Nayar, STT CEO: “The perception in many markets is that OMS and Risk offerings are commoditized.  Our perspective is that these systems can be used to enhance efficiencies, competitiveness, and profitability, while covering regulatory requirements. Using STT, clients can reduce the time to trade U.S. from nine to six months. What sets us apart in the industry is our multi-asset OMS, delivering 24x5 capabilities, and our Risk system, built with unmatched regulatory features to provide a distinct competitive advantage. Our experience is that Asia markets consistently seek the most capable and advanced solutions to build their franchises and we have already gained traction with our approach.”

About Sterling Trading Tech

Sterling Trading Tech (STT) is a leading provider of professional trading technology solutions for the global equities, equity options and futures markets. With over 100 clients including leading brokers, clearing firms and prop groups in over 20 countries, STT provides solutions tailored to clients’ needs. STT is committed to providing fast, stable technology along with outstanding customer service. STT provides trading platforms, OMS and risk products to its clients.

Media Contact:

Magdalena Mayer
magdalena.mayer@sterlingtradingtech.com
(312) 346-9600

Media Contact:
Magdalena Mayer
magdalena.mayer@sterlingtradingtech.com
(312) 346-9600  

SOURCE : Sterling Trading Tech

EPICOR CELEBRATES 30 YEARS OF DRIVING INNOVATION AND CUSTOMER SUCCESS ACROSS ASIA AT ANNUAL ASIA CONNECT EVENT

BANGKOK, March 11 (Bernama-BUSINESS WIRE) -- Epicor, a global industry-specific enterprise software leader, celebrated a multitude of successes at the company’s annual Asia Connect customer event, held in Bangkok, Thailand last week. The event marked 30 years of Epicor operating across North and Southeast Asia, and showcased how Epicor has supported customers and their ever-evolving needs in driving growth and operational success.

Vincent Tang, Epicor Vice President of Sales for Asia, said, “We did not want to let this milestone moment pass and as such celebrated our commitment and loyalty to this key region. As digitalisation continues to grow across Asia, we will support our customers by introducing initiatives in AI and enhancements to Industry 4.0, creating the digital connections to make work better. We are passionate about educating and attracting younger people into the manufacturing industry, with the purpose of providing them with the digital foundation that powers the growth of the make, move, and sell economy.”

Epicor has seen significant SaaS growth over the past three years thanks to increased cloud adoption across Asia, with many regional businesses implementing or migrating to Epicor Kinetic in the cloud – a purpose-built, scalable platform that helps manufacturers better compete and grow their businesses.

Reflecting on the company’s success, Epicor Executive Vice President, International, Andy Coussins commented, “The outstanding performance in cloud growth is a testament to the local Epicor team – their strong commitment to enabling customers to pivot to SaaS and helping them on their digital transformation journeys should not go unnoticed. We have made great strides in the last 30 years to expand our regional footprint; immerse ourselves into local markets, industries, and specialties; and drive significant investments to ensure our customers are receiving a first-class experience. We look forward to continuing this momentum in this vital region.”

The event celebrated customer innovation and excellence for those who have excelled in leveraging Epicor solutions to transform and accelerate their business ambitions.

The Epicor Champion Award winners included:

Manufacturing Champion: Essons Global Industrial Company had limited visibility on the shop floor and relied on manual data collection and entry. Utilising Epicor Kinetic and MES, Essons has seen processes reduce from 20 to 25 days down to just three to five days, and an 80 percent reduction in operational delays, freeing up management to focus on strategic goals.

Innovation Champion: Thong Guan Industries Berhad has been an Epicor customer since 2015, leveraging Epicor across their organisation including operations, finance, shop floor, and warehouse management. By using Epicor Kinetic, they are advancing towards their Net Zero initiatives and closely monitoring their material usage in production. This strategic approach has significantly reduced plastic wastes by minimising the amount of damaged goods and materials upon arrival, leading to a more sustainable solution for their customers.

Project Champion: Kenny Tang from Volex was recognised for his resilience and drive in progressing project milestones. Kenny helped to adopt a next generation global operating system, overseeing Epicor implementations across three factories in China, with 10 additional implementations planned over the next few years.

Executive Champion: NTN Medical Team, part of the Herbert Thailand Group, has evolved from a small workshop to a world-class player implementing Epicor Kinetic in the cloud to better focus on their business. The company has made great strides in automation, streamlining intercompany transactions and making significant financial savings. 

http://mrem.bernama.com/viewsm.php?idm=48191

XSOLLA WEB SHOP 2.0 OFFERING GAME DEVELOPERS TO HARNESS DIRECT-TO-CONSUMER SALES

KUALA LUMPUR, March 6 (Bernama) -- Video game commerce company, Xsolla has introduced its Web Shop 2.0, a leading solution for web purchases to power profitable direct-to-consumer sales for game developers.

In a statement, Xsolla said its focus on web monetisation began in 2021 and the company has launched over 210 Web Shops for leading mobile studios worldwide across multiple genres.

Drawing on this extensive experience, Xsolla has been building a new, innovative version of its flagship solution, Web Shop, designed to help mobile game developers construct direct-to-consumer monetisation strategies to increase revenue by motivating gamers to pay on the web.

“Xsolla Web Shop 2.0 is a testament to our commitment to evolving with the mobile gaming industry's needs. This innovation results from launching over 200 Web Shops, including 40 of the top 100 highest-grossing mobile games worldwide.

“Xsolla Web Shop is our strategic innovation to meet the evolving demands of the mobile gaming industry. By emphasising user-level personalisation and instant web shop launch, we enhance how developers engage with players and maximise their revenue,” said its President, David Stelzer.

With this release, Xsolla is unveiling the Instant Web Shop, a templatised online store fully functional to power web purchases in as little as 24 hours, in which this rapid deployment tool for starting immediate revenue collection improves user awareness of the advantages of making purchases on the web.

Xsolla Web Shop 2.0 features includes advanced LiveOps tools; personalisation and engagement; expert guidance and support; as well as improved user flow.

Through personalised offers, discount promotions, bonus promotions, loyalty programme, and reward system, developers can significantly increase player engagement and loyalty, in addition to receiving expert guidance in navigating the intricacies of web shop management from Xsolla.

-- BERNAMA