GLOBE PARTNERS WITH MOBILE PAYMENTS COMPANY FORTUMO FOR DIRECT CARRIER BILLING

SINGAPORE, June 7 (Bernama-BUSINESS WIRE) -- Philippines’ number one mobile brand Globe Telecom and the mobile payments company Fortumo have sealed a partnership to launch enhanced direct carrier billing in the country. With this collaboration, over 52 million Globe customers will be able to use their mobile phones to make payments in various app stores, as well as for digital services and games.

 

Direct carrier billing, significantly increases the amount of users who are able to make online payments. In the Philippines, only 3% of Filipinos have access to acredit card while smartphone penetration has reached 40%and is forecasted to grow to 70% during the next 2 years. With Fortumo and Globe, more people will be able to make payments online through carrier billing compared to bank-based payments.

http://mrem.bernama.com/viewsm.php?idm=26953

KUBOTA, NTT AND NTT COMMUNICATIONS TO DEVELOP ICT SOLUTIONS FOR AGRICULTURE AND WATER INFRASTRUCTURE

Aim to strengthen agricultural competitiveness and upgrade living standards

TOKYO, June 7 (Bernama-BUSINESS WIRE) -- Kubota Corporation, Nippon Telegraph and Telephone Corporation (NTT) and NTT Communications Corporation (NTT Com) announced today an agreement, effective immediately, to combine Kubota’s infrastructure solutions for agriculture and water management, NTT’s research and development capabilities, and ICT services from NTT Com and other NTT Group companies to enhance agricultural competitiveness and upgrade living standards.

http://mrem.bernama.com/viewsm.php?idm=26952

A.M. BEST PLACES RATINGS OF HANWHA GENERAL INSURANCE COMPANY LIMITED UNDER REVIEW WITH DEVELOPING IMPLICATIONS

HONG KONG, June 6 (Bernama-BUSINESS WIRE) -- A.M. Best has placed under review with developing implications the financial strength rating of B++ (Good) and the issuer credit rating of “bbb” of Hanwha General Insurance Company Limited (Hanwha General) (South Korea).

The rating action follows Hanwha Life Insurance Co., Ltd.’s (Hanwha Life) public announcement on June 3, 2016, that it will acquire 17.93% of the outstanding shares of Hanwha General that are currently owned by the affiliates of Hanwha Corporation. Hanwha Life currently owns 34.29% of Hanwha General’s shares. As a result of the transaction, Hanwha Life will hold 52.22% of Hanwha General’s shares. The under review status reflects A.M. Best’s uncertainty surrounding Hanwha Life’s credit profile and the future business plans and strategic role that Hanwha General will play in the insurance group structure.

http://mrem.bernama.com/viewsm.php?idm=26950

ENECO PRODUCES OXYHYDROGEN GAS & PURE HYDROGEN GAS WITH WATER & SELF-DEVELOPED MEDIUM, CREATING WORLD'S FIRST PLASMA R HYDROGEN GAS

TOKYO, May 30, 2016 /Kyodo JBN-AsiaNet/ -- - Without Using Energy during Reaction Process - Eneco Holdings, Inc. (https://www.eneco-hd.co.jp/en/), which earlier developed state-of-the-art emulsion technology, has now succeeded in applying the water-modifying reaction technology that has been the target of recent research to develop a type of gas known as Eneco Plasma R Hydrogen Gas that can be changed into normal LPG gas with a next-generation ecological gas device. This invention involves technology that uses low-temperature reaction heat generated through contact between modified water and a medium developed in-house from waste to efficiently produce both oxyhydrogen gas and pure hydrogen gas at low energy levels without the use of an external energy source. http://mrem.bernama.com/viewsm.php?idm=26908

SLING TV AND DISH ANNOUNCE LANDMARK AGREEMENT WITH ZEE

ENGLEWOOD, Colo., June 3 (Bernama-BUSINESS WIRE)-- Sling TV and DISH today announced a long-term renewal agreement with Asia TV USA, Ltd., part of the “Zee” group from India and a leading provider of South Asian programming. In addition to renewing the 10 Zee-branded channels already offered on Sling TV and DISH, the new agreement includes the addition of 27 new Zee channels such as &TV, Living Foodz, Zee Bangla, Zee Tamizh and Zee Cinema HD.
 
This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20160602006461/en/
 
As part of the agreement, Sling TV and DISH will be the exclusive providers in the U.S. of Zee’s premium on-demand library, which includes movies and over 400 additional popular video titles. Over time, Sling TV will become the exclusive over-the-top (OTT) provider in the U.S. for all but one of Zee’s South Asian channels. In the coming months, Zee will transition viewers from its direct-to-consumer services to Sling TV or to authenticated access only.

http://mrem.bernama.com/viewsm.php?idm=26937

Michael Kors Acquires Greater China Licensee

KUALA LUMPUR, June 2 (Bernama) -- Designer of luxury accessories and ready-to-wear, Michael Kors, has completed the acquisition of Michael Kors (HK) Ltd, the exclusive licensee of the company in China and certain other jurisdictions in Asia on Tuesday for US$500 million, cash, subject to certain adjustments.

In a statement today, the group said the buy-out was approved by the independent members of its board of directors, upon the recommendation of a special committee.

"We have worked diligently over the past several years, with our licensed partner in this region, to build the infrastructure, establish the brand and grow acceptance of Michael Kors in the Chinese market.

-- BERNAMA

NASDAQ WELCOMES ADDITIONAL COMPANIES TO THE NASDAQ INTERNATIONAL DESIGNATION

NEW YORK, June 2 (Bernama-GLOBE NEWSWIRE) -- Nasdaq, Inc. (Nasdaq:NDAQ) today announced that Nidec Corporation (OTC:NJDCY) (TYO:6594) and Clinuvel Pharmaceuticals Ltd. (OTC:CLVLY) (ASX:CUV) have joined the Nasdaq International Designation program. Through their membership, Nidec and Clinuvel will have access to Nasdaq’s investor relations services and unparalleled visibility assets to increase awareness with investors for their U.S.-traded Level 1 ADRs.

http://mrem.bernama.com/viewsm.php?idm=26931