MOMO MAINTAINS PCI DSS VALIDATION SINCE 2016 WITH CROSSBOW LABS

MoMo the first Vietnamese Fintech company to become PCI DSS v4.0 validated by Crossbow Labs

BENGALURU, India, Dec 27 (Bernama-BUSINESS WIRE) -- M_Service Joint Stock Company (MoMo), a leading fintech company in Vietnam, proudly announces its successful achievement of Payment Card Industry Data Security Standard (PCI DSS) version 4.0 compliance. MoMo stands among the pioneering entities to become PCI DSS v4.0 validated in Vietnam. The certificate was awarded by Crossbow Labs, a PCI QSA company and a GEAR Committee member with PCI SSC, an international council which defines these stringent standards.

MoMo extends heartfelt thanks to their dedicated team, whose unwavering commitment, expertise, and diligence were instrumental in achieving this milestone. Their collective contributions underscore the internal culture of excellence at MoMo, essential for navigating the complexities of information security with precision.

MoMo deeply thanks Crossbow, a crucial partner since 2016, whose collaboration was pivotal in achieving certification. Their enduring partnership strengthened security measures and showcased a joint commitment to excellence. Celebrating this milestone underscores their powerful collaboration and shared dedication. MoMo eagerly anticipates continued success in cybersecurity together.

Mr. Kirubakaran, the lead PCI Qualified Security Assessor (QSA) at Crossbow Labs, highlighted the formidable nature of achieving compliance with the stringent global standard of PCI-DSS v4.0. MoMo, cognizant of the paramount importance of securing their infrastructure for their clientele, demonstrated unwavering commitment by consistently upholding PCI-DSS requirements annually since 2016, with Crossbow Labs.

About MoMo

MoMo is a Vietnamese Fintech unicorn, provides super-app and payment service and is one of the fastest growing and largest fintech apps in the world. Our mission is to improve the life of Vietnamese people and merchants by using technology to give them access to superior, simpler and affordable financial solutions and daily services. Our award-winning super app platform is trusted and loved by millions of users and merchants for its ease of use, product design, and compelling ecosystem of partners. MoMo has over 2,000 employees and is headquartered in Ho Chi Minh City with offices in Hanoi and Danang. For further information please visit: www.momo.vn 

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Dominica Integrates Regulations, Fortifying CBI Programme’s Integrity

KUALA LUMPUR, Dec 20 (Bernama) -- Dominica has implemented watertight regulations to reinforce the legal framework of its Citizenship by Investment (CBI) Programme and its Unit, in a proactive move to demonstrate the country’s commitment to integrity.

The new regulations are the next step in Dominica’s due diligence vision to strengthen the position of the Citizenship Unit, with the added support and oversight by the Committee, led by the Government’s attorney general.

According to a statement, these new regulations formally protect the Government of Dominica’s ongoing commitment to due diligence, in which the country consolidates its regulations into a single set of regulations that encompasses all aspects of the citizenship by investment process.

The new regulations also enshrined into law information sharing between the CBI Unit and the Joint Regional Communications Centre (JRCC), whereby information sharing between CBI countries and other jurisdictions is, and will remain, paramount.

Dominica continues to take a proactive approach in making sure international partners are kept apprised of the CBI process and advancing the due diligence protocols to ensure the country continues to meet international best practice.

It has set the standard for CBI due diligence earlier this year as the first country to introduce mandatory interviews as part of its CBI application process and these regulations continue the work of the nation’s CBI Unit (CBIU) to uphold the programme’s reputation of transparency and accountability.

The CBIU has formalised its commitment to ensuring its Authorised Agents and Licenced Promoters uphold the highest standards with the promotional guidelines now enshrined in the regulations.

The tightening of regulations also affects applicants who change their names. Under the new rules, Dominica has the power to deprive citizenship if applicants seek to change their name within five years of receiving their certificate of naturalisation.

Consistent with the nation’s ongoing efforts to uphold stringent due diligence practices, the Government of Dominica remains steadfast in its commitment to ensuring the highest standards of integrity and transparency in its CBI Programme.

-- BERNAMA

RAJANT WINS TWO 2023 PLATINUM HOMELAND SECURITY ASTORS' AWARDS FROM AMERICAN SECURITY TODAY

Corporation Recognized for “Leadership & Innovation” with Cardinal BreadCrumb® Module Distinguished as “Best Wireless Video Surveillance Network Solution (Radio)” 

Malvern, Pennsylvania (USA), Dec 14 (Bernama-GLOBE NEWSWIRE) -- Rajant Corporation, the pioneer of Kinetic Mesh® wireless networks, is the recipient of two Platinum 2023 American Security Today ASTORS’ Homeland Security Awards. The company was recognized for “Leadership & Innovation”, and Rajant’s Cardinal BreadCrumb module was named the “Best Wireless Video Surveillance Network Solution (Radio)”. These honors mark the fourth year Rajant radio nodes have been distinguished for enabling highly mobile IoT applications for public safety and security. From the Rajant BreadCrumb suite of products, past ASTORS’ honors include: 

·  Rajant Peregrine LTE – 2022 “Best Wireless Video Surveillance Network”
·  Rajant Hawk – 2021 “Best Wireless Video Surveillance Network”
·  Rajant ES1 - 2020 “ “Best Wireless Network Security Solution”

Tailored for warehouse automation and robotics, the Cardinal is powerful, lightweight, and notably the smallest within Rajant’s portfolio. The Cardinal solves Wi-Fi and LTE limitations by overcoming the physical and RF obstructions using dual radio M2M communications to extend network range for stable, uninterrupted connectivity required by robotic devices.  

Rajant Vice President of Technology David Acker shared, “The Cardinal is small, yet very powerful. The Cardinal extends the range of traditional Wi-Fi past the limitations of fixed infrastructure with no line-of-sight requirements using two transceivers having a combined data rate of 1.73 Gbps. It works seamlessly with existing Wi-Fi network infrastructure, allowing faster and more cost-effective installation and management. And unlike 5G, you do not have to find, or pay for a licensed frequency, replace your entire Wi-Fi network, and purchase a costly core to manage the network. The Rajant Cardinal module keeps the network moving with no single point of failure.”

The American Security Today (AST) ASTORS’ Award, now in its eighth year, continues to recognize industry leaders of Physical and Border Security, Cybersecurity, Emergency Preparedness – Management and Response, Law Enforcement, First Responders, as well as federal, state, and municipal government agencies in the acknowledgment of their outstanding efforts to keep the United States secure. The Annual ‘ASTORS’ program is specifically designed to honor distinguished government and vendor solutions, like Rajant, that deliver enhanced value, benefit, and intelligence to end users in a variety of government, homeland security, and public safety vertical markets. “As the nation continues to respond to escalating threats from home and abroad, the innovative solutions being implemented to meet those threats has led to tremendous growth in the field of Homeland Security,” said Michael Madsen, co-founder and publisher of American Security. 

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VESON NAUTICAL EXTENDS DATA ANALYTICS AND COLLABORATION CAPABILITIES WITH ACQUISITION OF SHIPFIX

Veson Nautical will strengthen its unique data position, AI expertise, and ability to optimize workflow across the value chain, while integrating internal and external communication tools to the IMOS Platform, which furthers its vision to be the standard platform that propels maritime commerce

BOSTON, Dec 15 (Bernama-GLOBE NEWSWIRE) -- Veson Nautical (Veson), the global leader of maritime freight management solutions, today announced its acquisition of Shipfix, the collaborative data platform for the maritime and trade sectors driven by advanced AI-enabled tools. As Veson’s second acquisition this year, Shipfix will further Veson’s pursuit to deliver quality, contextual data to the industry. Veson will continue to offer Shipfix’s suite of maritime solutions and bring the full Shipfix team onboard.

Shipfix was founded in 2018 to solve the email overload challenge encountered by chartering desks. By developing innovative products and groundbreaking AI-enabled tools, Shipfix provides a unique data platform allowing trade professionals to make smarter decisions and ultimately trade smarter and faster. Their product suite has expanded beyond front-line trading and chartering into operations teams and physical trading. Shipfix supports dry and tanker clients alongside other customers interested in freight market insights.

Shared clients will see the combined impact of Veson Nautical and Shipfix as Shipfix’s pre-fixture data and insight capabilities are combined with Veson’s existing end-to-end workflows to produce an unmatched freight trading and operations solution for the market. In addition, the data intelligence offerings from both Veson Nautical and Shipfix will become stronger through the consolidation, rationalization, and standardization of critical industry reference data.

John Veson, Co-founder and CEO at Veson Nautical, said: “A massive amount of data goes into pre-fixture decision-making. We’re fortunate to have a growing integrated dataset that helps clients leverage contextual data across vessel specifications, ownership structures, commodities, trade flows, and tonnage flows, all in one place. I am thrilled to officially welcome Shipfix’s expert team to Veson as we add their market-validated and accepted chartering and operations platform to our suite of solutions.”

Antoine Grisay, Co-founder and Co-CEO at Shipfix said: “Together with Veson Nautical, we will deliver the ultimate integrated workflow and data experience shipping and trading companies have demanded for over a decade. We are very excited to start executing on the synergies between the companies. Our combined expertise will allow us to build a set of trading and operating insights that meet the increasingly sophisticated requirements of freight market participants.”

Serge Alleyne, Co-founder and Co-CEO at Shipfix, said: “When Antoine and I founded Shipfix five years ago, our vision was to emerge as the ultimate solution for the maritime and trade community, commencing with an AI-powered collaboration platform and a suite of data insights products. Today, as Shipfix joins forces with Veson Nautical, it presents a unique opportunity for us to truly become the premier maritime platform, integrating best-in-class maritime expertise, data insights, and communication workflows from pre to post-fixtures. This union aims to maximise our clients' efficiency and operations in ways never seen before. It's the perfect match for us, leveraging extraordinary data and workflow synergies to accelerate our growth and consistently deliver maximum value for the entire shipping industry.”

About Veson Nautical
Veson Nautical delivers maritime freight management solutions that propel the global shipping economy. Trusted by buyers and sellers of bulk marine freight in every region of the world, Veson solutions are responsible for managing $109 billion in freight traded and moving 4.4 billion tons in annual trade each year.

With a suite of offerings in marine freight trading and operations, vessel documentation, and data and analytics, Veson’s products are widely recognized for their strong utility, sustained innovation, and measurable business impact.

Veson is a champion of progress that actively supports its clients, partners, and broader community in navigating change while shaping the best practice workflows and standards of tomorrow’s connected maritime shipping ecosystem. Veson.com

About Shipfix
Shipfix is a collaborative workflow and data platform for the maritime and trade sectors, driven by ground-breaking AI-enabled tools. Shipfix went live in 2018 and has over a thousand users globally across more than 70 global clients. The platform streamlines maritime workflows using market and operational intelligence with a focus on shipowners, commodity traders, industrials, freight forwarders and shipbrokers. The company has 4 offices globally in Paris, London, Singapore and Tbilisi (Georgia).

With Shipfix, maritime and trade professionals make better-informed decisions and move faster. Users are enabled to find their market edge in highly volatile markets by turning their communications data into a competitive advantage. Shipfix is pioneering data transformation across the industry by enabling a subtle mix of artificial and human intelligence. Shipfix’s software solutions include a front-end platform, a mobile app and a full API suite. www.shipfix.com

Media Contact
Claudia Norrgren
PR & Communications Manager
Veson Nautical
E: press@veson.com
C: +447736675334

Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/a29f3b8b-025b-432d-a434-cf9457db4ab4

https://www.globenewswire.com/NewsRoom/AttachmentNg/6dfafab9-ddf4-4bae-ac47-82cca0b62e40

https://www.globenewswire.com/NewsRoom/AttachmentNg/411c6d67-1882-49dd-b2bd-bcf6ae869af3

https://www.globenewswire.com/NewsRoom/AttachmentNg/6d18b7f8-3109-4746-a024-13b1a7a44750

https://www.globenewswire.com/NewsRoom/AttachmentNg/b69a8617-d800-4c6b-ba2d-f7c39409e27d

SOURCE: Veson Nautical

--BERNAMA

BEEWORKS GAMES: MOBILE GAME "MUSHROOM GARDEN PRIME" RELEASED IN SOUTHEAST ASIA

 

"Mushroom Garden Prime" now available for download on Google Play and the App Store. (Graphic: Business Wire)

The Popular Mushroom Farming Simulation App Expands Reach Globally

TOKYO, Dec 15 (Bernama-BUSINESS WIRE) -- Following a successful release in South Korea, Beeworks Games, a mobile-game developer based in Japan, has announced their app “Mushroom Garden Prime” will now be available for play in Singapore, Malaysia, Indonesia, Thailand, Vietnam, and the Philippines. “Mushroom Garden Prime” can be downloaded from the Google Play/Apple App Store.

This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20231214985976/en/

What is “Mushroom Garden Prime”?

“Mushroom Garden Prime” is a casual farming simulator, featuring the cute and quirky character “Funghi”. With just one tap, apply food to your log and wait as the Funghi grow. Once the log is full of Funghi, they can be harvested by simply swiping across the screen. “We designed the app to be fun and easy to play for users of all ages,” said Kristofer Chan of Beeworks Games. “It takes just a few seconds to play, and you can close the app until the next time you get that urge to harvest Funghi.”

Harvesting Funghi will allow you to upgrade your farming equipment and grow new kinds of Funghi. With 16 different logs to choose from, and over 300 Fungi to discover, there’s plenty of fun to be had.

In addition to farming, there is the Funghi Museum which displays the Funghi you’ve collected in their natural environment. You can even receive unique wallpapers for your phone by completing one of the many in-game missions.

App Store URL

· Google Play: https://play.google.com/store/apps/details?id=jp.co.beeworks.nameko.ganso
· Apple App Store: https://apps.apple.com/app/1544911813

App Details

Title: Mushroom Garden Prime
Genre: Casual Farming Simulation
Compatibility: Android 5.0/iOS 10.0 or greater
Availability: Singapore, Malaysia, Indonesia, Thailand, Vietnam, Philippines, Australia, New Zealand, United States, South Korea, Japan, Taiwan, Hong Kong, Macau
Price: Free (In-App Purchases available)
Developer: Beeworks Games

About the “Mushroom Garden” Series

First released in 2011, the mushroom farming simulator with its loveable Funghi character has accumulated over 55 million downloads worldwide. The series has been particularly popular in Japan, with many goods and events being held to this day.

“Mushroom Garden Prime” represents the series’ return to the global stage, already having found success in South Korea and the United States.

About Beeworks Games

Beeworks Games values originality, providing unique and enjoyable experiences through their games. Their mission is to create games and characters loved by fans of all ages.

View source version on businesswire.com:
https://www.businesswire.com/news/home/20231214985976/en/

Contact

Beeworks Co., Ltd.
Kristofer Chan
kchan@beeworks.co.jp
+81-3-6859-0697
https://beeworksgames.com/en/

Source : Beeworks Co., Ltd.

--BERNAMA

OPEN HEALTH AND NESTED KNOWLEDGE ANNOUNCE STRATEGIC RESEARCH COLLABORATION TO LEVERAGE AI TECHNOLOGIES FOR EVIDENCE SYNTHESIS

London, Dec 12 (Bernama-GLOBE NEWSWIRE) -- London, UK – December 12, 2023 – OPEN Health, a preeminent global provider of consulting, HEOR and market access, patient engagement, and scientific and creative communications services, is excited to announce a strategic collaboration with Nested Knowledge, a leading provider of AI-based SaaS platform solutions for systematic literature review and meta-analysis. Together, we aim to enhance the speed, efficiency, and depth of evidence synthesis, ultimately aiding biopharmaceutical researchers in making crucial healthcare decisions and bringing products to market quicker.

“This collaboration underscores OPEN Health's unwavering commitment to leveraging innovative solutions and AI technologies for superior client delivery,” said Richard Jones, President of OPEN Health Evidence & Access. “We are excited to formalize our collaboration with Nested Knowledge and collectively bring market-leading evidence synthesis solutions to our clients.”

Systematic literature reviews and meta-analyses facilitate the methodical evaluation of all pertinent research on a specific topic and are fundamental components of comprehensive outcomes assessments, often in preparation for health technology assessment (HTA) and reimbursement submissions. Boosting the speed and increasing the transparency at which they're conducted will hasten the translation of research into actionable insights and approved healthcare interventions. Nested Knowledge's AI-driven platform will be applied within OPEN Health’s strategic market access and evidence synthesis teams, dramatically speeding up research analysis and the derivation of insights. By combining Nested Knowledge's technological prowess with OPEN Health’s scientific and analytical expertise, the partnership aims to elevate the standards, speed, and precision of healthcare evidence analysis. 

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RAJANT WINS IET INDUSTRY EXCELLENCE PLATINUM AWARD 2023

UK-based Institute of Engineering & Technology Distinction Given to Rajant Kinetic Mesh®

Malvern, Pennsylvania (USA), Dec 8 (Bernama-GLOBE NEWSWIRE) -- Rajant Corporation, the pioneer of Kinetic Mesh® wireless networks, is an Institute of Engineering & Technology (IET) Industry Excellence Platinum Award winner for 2023. IET is a UK-based 149-year-old organization with membership of 170,000 engineering and technology professionals in 148 countries. The announcement was made on November 25^thduring the IET Malaysia Prestige Lecture and Award Dinner 2023, which recognizes the hard work and achievements of individuals and industry players who have contributed immensely to the nation of Malaysia and beyond. 

There to receive the award were representatives from Rajant and channel partners Automation & Control Systems and Red Team. Sentiments about the significance of this award are:

“Automation & Control Systems has been a Kinetic Mesh Partner of Rajant since 2019. Rajant Corporation's unique wireless mesh technology has been a game-changer for our clients, especially those running mission-critical and safety applications. I'm happy that IET recognizes Rajant’s engineering contribution with the prestige of this award.”  Steven Chan, Business Development Director, Automation & Control Systems Malaysia

“Red Team serves clients with mission-critical applications that require extremely reliable, low-latency wireless connectivity. We found the performance of Rajant Kinetic Mesh networking to be unparalleled in the market. This prominent award from IET simply reaffirms the engineering leadership of Rajant Corporation.”  Dato Shahril, Managing Director, Red Team Sdn Bhd

“I'm honored to receive this award on behalf of Rajant Corporation. This notable distinction from the Institute of Engineering and Technology underscores the contribution Rajant makes to solving communication and connectivity challenges for high broadband industrial applications.”- Ong Beng Hui, Sales Director, Rajant Corporation 

http://mrem.bernama.com/viewsm.php?idm=47728

CAPCOM ANNOUNCES MONSTER HUNTER WILDS!

 

Monster Hunter Wilds is scheduled for release in 2025 (Graphic: Business Wire)

This latest title is scheduled to join the cumulative 95-million-unit-selling series in 2025

OSAKA, Japan, Dec 8 (Bernama-BUSINESS WIRE) -- Capcom Co., Ltd. (TOKYO:9697) today announced that Monster Hunter Wilds, the next game in the critically acclaimed Monster Hunter series, is scheduled for release in 2025.

This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20231208760996/en/

Monster Hunter Wilds is the latest title in the series and the first all-new mainline entry since Monster Hunter Rise was released in 2021. Monster Hunter Wilds is scheduled for release in 2025 and is being developed with the aim of delivering an experience that satisfies both long-time fans of the series and newcomers as well.

Capcom remains firmly committed to satisfying the expectations of all stakeholders by leveraging its industry-leading game development capabilities in order to create highly entertaining gameplay experiences.

ABOUT Monster Hunter

The Monster Hunter series consists of hunting action games that pit players against giant monsters in beautiful natural environments. Beginning with the first title in 2004, the series established a new genre of video games in which players work together with friends to hunt ferocious monsters. The Monster Hunter series has since grown into a global phenomenon with cumulative sales exceeding 95 million units as of September 30, 2023.

ABOUT CAPCOM

Capcom is a leading worldwide developer, publisher and distributor of interactive entertainment for game consoles, PCs, handheld and wireless devices. Founded in 1983, the company has created hundreds of games, including groundbreaking franchises Resident Evil™, Monster Hunter™, Street Fighter™, Mega Man™, Devil May Cry™ and Ace Attorney™. Capcom maintains operations in the U.S., U.K., Germany, France, Hong Kong, Taiwan, Singapore and Tokyo, with corporate headquarters located in Osaka, Japan. More information about Capcom can be found at https://www.capcom.co.jp/ir/english/

View source version on businesswire.com:
https://www.businesswire.com/news/home/20231208760996/en/

Contact

Capcom Public Relations & Investor Relations Section
Daniel Levine
+81-6-6920-3623
daniel-levine@capcom.com

Yoshiko Ikeda
+81-6-6920-3623
yoshiko-ikeda@capcom.com

Source : Capcom Co., Ltd.

--BERNAMA

RXCELL ANNOUNCES $4,600,000 INVESTMENT FROM DMR GLOBAL VENTURE AND REGENOSIS, PLANS FOR SECOND RAISE OF $15,000,000 FOR IND TESTING IN Q4 2023

SINGAPORE, Dec 6 (Bernama-BUSINESS WIRE) -- RxCell, a pioneering biotech company focusing on cellular therapeutics for age-related diseases, today proudly announces a $4,600,000 investment commitment from DMR Global Venture LLC and Regenosis. Building on the strength of collaboration with National University of Singapore, this fresh investment accentuates RxCell’s resolute drive to revolutionize age-related disease treatment.

Furthermore, RxCell is gearing up for a substantial second capital raise of $15,000,000 in Q4 2023. This upcoming fundraise is strategically designed to secure the necessary resources, propelling the company forward through its promising IND (Investigational New Drug) application testing and process.

The Market Landscape:

The global Age-related Macular Degeneration (AMD) Market, an integral segment RxCell operates in, had a valuation of USD 7.47 billion in 2021. This market is projected to surge forward at a CAGR of 7.9% from 2021 to 2030.

Contemporary Methods vs. RxCell’s Approach:

Most prevalent methods in the market predominantly focus on slowing or halting the progression of cell death by replacing afflicted cells with RPE (Retinal Pigment Epithelium) or other cell types that introduce trophic factors. However, using RPE replacement alone is believed to offer limited value, especially to patients who have already suffered significant photoreceptor loss.

RxCell stands distinctively apart with its innovative approach. The firm intends to treat patients by replacing damaged or dysfunctional cells with healthy and functional iPSC-derived RPC (photoreceptors). Alternatively, they employ a combination of RPC and RPE with the primary aim of restoring vision. RxCell is determined to demonstrate the broad value of its RPC product in an upcoming Phase I/IIA clinical trial, targeting RP patients.

Professor Xianmin Zeng, CEO of RxCell, remarked, "We're thrilled to align with DMR Global Venture and Regenosis. Their unwavering support invigorates our mission. With the forthcoming capital raise of $15,000,000, we're poised to solidify our position in the AMD market, bringing about transformative therapies that reshape the landscape."

Both DMR Global Venture and Regenosis are recognized names, with the former being a dynamic investment firm focusing on the US healthcare sector and the latter, a Singapore-based entity, devoted to combating the effects of ageing.

In light of prior milestones, including the collaboration with A*STAR’s IMCB, NUS, and SERI, RxCell remains unwavering in its commitment to the biotech ecosystem. This recent capital influx, coupled with the planned Q4 raise, fortifies the company’s commitment to combating age-related diseases.

For details on our esteemed investors:

About RxCell, Inc.

RxCell Inc. is a forerunner in the cell therapy domain, particularly in the therapeutic applications of induced pluripotent stem cells (iPSCs). With cutting-edge solutions such as their patented technology, RxCell is consistently charting new territory in regenerative medicine. Further information can be accessed at https://www.rxcellinc.com/. 

http://mrem.bernama.com/viewsm.php?idm=47707 

HERE AND MURATA MANUFACTURING JOIN FORCES TO TACKLE TRAFFIC WOES IN JAKARTA, INDONESIA

·  HERE map and traffic data are integrated with Murata’s traffic counter system to help city authorities in Indonesia’s capital city Jakarta to improve traffic management

Yokohama, Singapore, Dec 6 (Bernama-GLOBE NEWSWIRE) -- HERE Technologies, the leading location data and technology platform, today announced that its partnership with Murata Manufacturing Co., Ltd. (Murata), a leader in advanced electronics design and manufacturing, is delivering city authorities in Jakarta, Indonesia unprecedented roadway congestion insights and capabilities to monitor, predict and address a variety of traffic-related challenges.

Jakarta is notorious for traffic jams. According to the Jakarta Police traffic division, commuters lose an average of 30 minutes per trip to traffic congestion in 2022^[1]. This amounts to an estimate of USD 4.5 billion in economic losses for the country in the last year^[1]
.
The collaboration between HERE and Murata has paved the way for a smarter and more sustainable traffic management for the city of Jakarta. By integrating map and traffic data from HERE with Murata’s traffic counter system that uses LiDAR technology, city authorities in Jakarta now have unprecedented insights into traffic patterns – including real-time traffic data such as vehicle count, classification, flow direction and speed; peak traffic hours and popular travel routes – to monitor, predict, and proactively address a wide array of urban mobility challenges. 

http://mrem.bernama.com/viewsm.php?idm=47713

WORLD EXCLUSIVE: BRISBANE, AUSTRALIA TO HOST BLUEY'S WORLD IMMERSIVE EXPERIENCE

BRISBANE, Dec.4, 2023/Medianet-AsiaNet/--

OPENING AUGUST 2024   - Brand new Bluey immersive experience is coming to Brisbane, capital of Queensland, Australia, in August 2024. - Housed in the 4,000 square metre 'Northshore Pavilion', Bluey's World will be a unique experience celebrating the beloved hit TV show Bluey. This is Bluey – for real life. - Fans from around the world will be delighted and captivated as they are invited to step into Bluey's world.   Bluey's World, a ground-breaking immersive experience will open in August 2024, exclusive to Brisbane, Queensland.   Visitors will journey through a recreation of Bluey's renowned home via impressive (for real) life-size sets, interactive play and a mesmerising soundscape, inspired by much-loved Bluey episodes. From Bluey and Bingo’s bedroom to the living room and kitchen, fans will also get to play beneath the shady branches of the Poinciana tree in Bluey's backyard.   There will be so much to love about this one-of-a-kind experience, including the option to book a birthday party at the coolest party venue! Visitors can also explore and enjoy a cafe, gift shop and playground following their interactive guided experience.   Housed in its own purpose-built, state-of-the-art, 4000 square metre venue - 'Northshore Pavilion' - Bluey's World will be located in Brisbane's newest arts and entertainment precinct, Northshore.   Annastacia Palaszczuk, Queensland Premier said "Our Government has backed Bluey from the very beginning. Brisbane is at Bluey's core and now the show is a global sensation, we want to invite fans from around the world to come and experience Bluey's home.   "Queensland is a world-class place to live and play and I truly believe that is a big part of why Bluey has captured fans around the world."   Fiona Lang, General Manager, BBC Studios ANZ, said: "BBC Studios is thrilled to announce the launch of Bluey's World, a groundbreaking immersive experience that will transport fans into the heart of Bluey like never before.   "Bluey's World is not just an experience; it's a celebration of the heartwarming moments that make Bluey so authentically Australian and that bring to life the joyful simplicity that can be found in families around the world. "Join us on this one-of-a-kind adventure, where the world of Bluey comes to life in real life."   Created by Joe Brumm, Bluey is produced by Emmy(R) Award-winning Ludo Studio for ABC KIDS and co-commissioned by ABC Children's and BBC Studios Kids and Family. A global phenomenon, the show follows the adventures of Bluey - a loveable, inexhaustible Blue Heeler dog - who lives with her Mum, Dad and her little sister Bingo. Bluey uses her limitless energy to play games that unfold in unpredictable and hilarious ways bringing her family and the whole neighbourhood into her world of fun. The show is now broadcasting and streaming in more than 60 countries and is beloved the world over by both parents and kids for its heart, humour and relatable family moments.   Bluey’s World is produced by BBC Studios and HVK Productions, and supported by the Queensland Government through Tourism and Events Queensland, and Brisbane City Council via Brisbane Economic Development Agency, and features on the It's Live! in Queensland events calendar.   To join the waitlist for Bluey's World tickets visit blueysworld.com   Website: https://www.bluey.tv/ Facebook: https://www.facebook.com/OfficialBlueyTV/ Instagram: https://www.instagram.com/officialblueytv/ Assets: https://www.dropbox.com/scl/fo/ntjv2jho1cotyrxnnmfte/h?rlkey=2dmbjsj0mogs3x4fri96lyvc4&dl=0     #blueysworldbrisbane    http://mrem.bernama.com/viewsm.php?idm=47678

XOOX Leads Pet Networking Services Arena With Innovative Features

KUALA LUMPUR, Nov 22 (Bernama) -- XOOX, a pet networking service (PNS) application featuring short-form content challenges, launched this month, has won over global pet owners.

According to a statement, XOOX commenced its service with an advertisement in New York's Times Square, underscoring its exclusive focus on its four-legged companions.

It operates uniquely under pet accounts through Pet ID registration devised by its global research and artificial intelligence teams, including veterinary experts worldwide, utilising innovative biometric identification techniques such as eyelid patterns and eye wrinkles.

In XOOX, pets become influencers through their IDs, boosting visibility by sharing their daily lives, engaging with followers, and participating in short-form content challenges, earning points for various activities, usable in connected apps, while pet owners, known as Petlers, manage their pets' IDs and support them in their activities.

Its Technical Advisor, Peter Kim said XOOX aimed to create a positive space where modern individuals can escape from complicated reality and connect with their pets.

“XOOX will allow pets to create more memories with their Petlers by utilising a storyscaping approach and unique and informative services,” he said.

The world of XOOX is full of exclusive content for pets, with its most popular music app, XOOX M lets Petlers to select music that suits the pet's preferences, as well as for pets waiting for their owners, currently hosts over 3,000 songs.

At the same time, Petlers can also create and upload their own music, earning points for popularity, which can be spent by their pets, with XOOX M ensuring a pet-friendly listening experience at a comfortable decibel level.

In celebration of the launch, XOOX is giving away 10,000 free urine test kits to account holders worldwide, in which the test kits detect illnesses through animal urine, making them ideal for pets in areas with limited access to veterinary care.

With XOOX empowering pets to play a central role in our world, there is a strong belief that it will significantly contribute to creating a more supportive and pet-friendly environment.

-- BERNAMA

Pixalate Unveils Detection And Blocking Technology For Websites, CTV & Mobile Apps

KUALA LUMPUR, Nov 22 (Bernama) -- Pixalate, the global market-leading ad fraud protection, privacy, and compliance analytics platform, has launched “Made for Advertising” (MFA) technology to detect and block MFA websites, connected TV (CTV) and mobile apps.

Pixalate’s MFA solution rates websites, CTV and mobile apps with a high, medium, or low MFA risk; this new feature is available in Beta across the Pixalate product suite, according to a statement.

The new feature delivers continuous monitoring and rating of over 100 million web domains, connected television (CTV) and mobile apps assigning a high, medium, or low MFA risk assessment.

Pixalate’s MFA detection technology models historical open programmatic transaction data across all apps, pages and URLs; an October MFA Pixalate assessment deemed over 15,000 MFA websites and apps high risk.

MFA websites and apps can feature intrusive advertising techniques like pop-up ads, auto-play videos, or ads restricting access to content, often resulting in a poor advertising-to-attention ratio.

With the release of this new feature, Pixalate addresses the nuances of MFA in CTV and mobile apps by incorporating metrics beyond ad refresh and ad density to include the age of the app, invalid traffic (IVT) rates, user ratings, and popularity rankings.

The company uses statistical techniques such as Univariate/Multivariate Descriptive and Gaussian curve analysis to assign high, medium, or low MFA risk to websites, CTV, and mobile apps.

Pixalate's MFA risk assessment technology uses data points to enable ad buyers to adjust their MFA risk threshold.

Pixalate works around-the-clock to guard reputation and grow media value by offering the only system of coordinated solutions across display, app, video, and CTV for detection and elimination of ad fraud.

-- BERNAMA

Teledyne e2v Unveils Leading-edge CMOS Image Sensor For Machine Vision

KUALA LUMPUR, Nov 21 (Bernama) -- Teledyne e2v, a Teledyne Technologies company and global innovator of imaging solutions, has launched Emerald Gen2, its new state-of-the-art complementary metal oxide semiconductor (CMOS) image sensor family.

Built on Teledyne e2v’s advanced imaging technologies, this new family delivers enhanced performance, making the new sensors ideal for a wide range of machine vision uses, outdoor surveillance, as well as traffic detection and monitoring cameras.

Teledyne e2v Marketing Manager, Maxime Taupin said the company is excited to launch the Emerald Gen2 sensor family, which has been specifically designed for the current and future demands of multiple industries.

“With improved electro-optical performance and the flexibility to choose outputs, this new generation of sensors provides cameras manufacturers with high-performance solutions for a wide range of demanding customer needs,” he said in a statement.

Emerald Gen2 is available in 8.9-Megapixels or 12-Megapixels, in monochrome or colour, and in two-speed grades namely standard and high.

The high-speed models provide superior performance for demanding applications that require sharp images at very high speeds, such as food sorting, inspection and Intelligent Traffic Systems.

The sensor has a small 2.8 micrometre global shutter pixel, designed with Teledyne e2v’s latest generation light pipe technology, which provides up to 67 Decibel (dB) dynamic range in 10-bit and 12-bit analog-to-digital conversion (ADC) mode, allowing cameras to work in high-contrast scenes without any exposure issues in the images.

A live demo of Emerald Gen2 will be available at the International Technical Exhibition on Image Technology and Equipment (ITE), Yokohama, Japan from Dec 6 to 8.

-- BERNAMA

Duck Creek, Microsoft Collaboration Empowers Insurers To Modernise Responsibly

KUALA LUMPUR, Nov 17 (Bernama) -- Duck Creek Technologies, the intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, has announced a breakthrough initiative in collaboration with Microsoft.

This collaboration is poised to empower insurers to reimagine their businesses by facilitating smoother implementation processes and faster speed to market through the aid of generative artificial intelligence (AI), a transformative technology that enables the creation of innovative applications and low-code solutions.

Duck Creek Technologies Chief Executive Officer, Mike Jackowski in a statement said the company’s objective is to empower insurers to innovate products faster and assist employees with AI tools.

Meanwhile, Microsoft Corporate Vice President for Worldwide Financial Services, Bill Borden said innovative insurers want to move quickly to use the power of generative AI to drive demonstrable business value.

“We are excited to deepen our collaboration with Duck Creek to deliver new generative AI-powered capabilities to help our joint insurance customers drive marked improvements in employee productivity, reinvent customer engagement, and bend the curve on innovation, both securely and responsibly,” he said.

Duck Creek's comprehensive platform is built on Microsoft Azure, the preferred technology for harnessing the power of Azure OpenAI Service, as large language models (LLMs) continue to redefine and shape the technology landscape.

This represents a significant leap forward in the insurance sector, fostering innovation and efficiency that promises to influence how insurers conduct their business and engage with customers.

By merging Duck Creek's expertise in insurance solutions with the cutting-edge capabilities of Microsoft, this collaboration aims to create a brighter and more agile future for the entire insurance industry.

Duck Creek is harnessing this emerging technology to curate innovative solutions for insurers, helping them embrace the future of technology with copilot solutions which empowers insurers to make informed decisions and respond to changing market conditions swiftly and effectively.

In addition it enhanced productivity tools that improve efficiency and productivity throughout the insurance ecosystem, designed to benefit consumers, agents, underwriters, and claim adjusters; and the next era of low-code configurator tools that simplify the development and adoption of insurance products, enabling insurers to expedite their time-to-market for both new and ongoing configurations.

-- BERNAMA

AI Influence Prompts 'hallucinate' As Cambridge Dictionary Word Of The Year 2023

KUALA LUMPUR, Nov 15 (Bernama) -- The Cambridge Dictionary, the world’s most popular online dictionary for learners of English has revealed ‘hallucinate’ as the Word of the Year for 2023, as the term got a new additional definition relating to artificial intelligence (AI) producing false information.

AI hallucinations, also known as confabulations, sometimes appear nonsensical. But they can also seem entirely plausible, even while being factually inaccurate or ultimately illogical, and have already had real-world impacts.

The traditional definition of hallucinate is “to seem to see, hear, feel, or smell something that does not exist, usually because of a health condition or because you have taken a drug”.

The new, additional definition is “When an artificial intelligence (a computer system that has some of the qualities that the human brain has, such as the ability to produce language in a way that seems human) hallucinates, it produces false information”.

In a statement, Cambridge Dictionary’s Publishing Manager, Wendalyn Nichols said: “The fact that AIs can ‘hallucinate’ reminds us that humans still need to bring their critical thinking skills to the use of these tools.

“At their best, large language models can only be as reliable as their training data. Human expertise is arguably more important, and sought after, than ever, to create the authoritative and up-to-date information that LLMs can be trained on.”

The news follows a year-long surge in interest in generative AI tools like ChatGPT, Bard and Grok, with public attention shifting towards the limitations of AI and whether they can be overcome.

AI tools, especially those using large language models (LLMs), have proven capable of generating plausible prose, but often do so using false, misleading or made-up ‘facts’. They ‘hallucinate’ in a confident and sometimes believable manner.

Beyond hallucinate, several additions reflect rapid developments in AI and computing, such as prompt engineering; large language model; GenAI; train; and black box.

Several other words experienced spikes in public interest and searches on the Cambridge Dictionary website. They included implosion; ennui; grifter; and GOAT (abbreviation for Greatest Of All Time).

-- BERNAMA

WEMADE UPDATES NEW CHAIN QUEST FOR MIR4

 

MIR4 updates the new quest chain of New Mystery “Deep Resentments” on November 14th (Graphic: Wemade)

KUALA LUMPUR, Nov 15 (Bernama) -- Wemade Co Ltd has updated the new Mystery "Deep Resentments" for its blockbuster massively multiplayer online role-playing game (MMORPG) MIR4 on Nov 14.

The South Korean online game developer in a statement said "Deep Resentments" is a chain quest comprising six Parchments and each Parchment contains quests to find clues to past incidents and stories of the Heaven Protector Cult related to Sabuk Castle.

The plot of this Mystery is to clear up confusion on the Mir continent by finding and suppressing "Heaven Protector Mighty Arcanean Ma Gujin", who used the Four Great Heavenly Kings to bring chaos to the world.

“Heaven Protector Mighty Arcanean Ma Gujin” is one who resurrected the Four Great Heavenly Kings, the Master Protectors for the once prosperous Heaven Protector Cult, to bring back the former glory of the cult.

By completing various quests, such as gathering items, creating Summon Badges, and defeating boss monsters, users can obtain a range of rewards, including "Darksteel" and "Energy" as well as new codex items such as "New Heaven Protector Cult Law Code".

In addition, more rewards such as "Legendary Blue Dragon Statue", "Epic Spectrumite" will also be given upon solving the Mystery.

MIR4 will be holding the "Challenge: Magic Stone 7-day Check-in" event until Nov 27 with various gifts including entry tickets, summon tickets, and "8 Point Cover Headpiece Exchange Ticket" will be given depending on the days of attendance.

-- BERNAMA

YesWeHack Launches Attack Surface Management Product Unifying Offensive Security Testing

KUALA LUMPUR, Nov 10 (Bernama) -- YesWeHack has unveiled a powerful Attack Surface Management (ASM) product that enables clients to orchestrate their offensive security and vulnerability remediation strategy through a risk-based approach.

According to YesWeHack in a statement, the new product continuously maps an organisation’s internet-exposed assets, detects their possible exposure to known vulnerabilities, and automatically prioritises those vulnerabilities (based on severity, exploitability and asset criticality).

“A 360-degree cockpit combining unified vulnerability management with external attack surface management enables clients to think like, and therefore thwart, an attacker, spotting and sealing off the weakest, most hackable vectors,” said its chief executive officer and co-founder, Guillaume Vassault-Houlière.

Unlike standalone platforms, YesWeHack’s ASM integrates vulnerabilities from automated scanning (by the ASM) and its Bug Bounty, Pentest Management and Vulnerability Disclosure Policy (VDP) product, creating a one-stop-shop for all vulnerabilities.

Amid tight security budgets, the ASM also automates and harmonises workflows to reduce costs, workloads and time-to-fix. The five operational phases of Gartner’s Continuous Threat Exposure Management (CTEM) model are implemented including scope, discover, prioritise, validate, and mobilise.

This enables a unified, comprehensive and risk-based approach to security testing and remediation of the most critical vulnerabilities at scale. The turnkey-deployable ASM also introduces a design revamp to YesWeHack’s overall platform.

A rapid expansion of attack surfaces, increasingly complex tech stacks and rapid development cycles are fuelling an inexorable rise in vulnerabilities, often present in unknown assets.

Since its founding in 2015, YesWeHack connects organisations worldwide to tens of thousands of ethical hackers, who uncover vulnerabilities in websites, mobile apps and other digital assets.

-- BERNAMA

TDCX INC. TO REPORT THIRD QUARTER 2023 RESULTS

SINGAPORE, Nov 8 (Bernama-BUSINESS WIRE) -- TDCX Inc. (“TDCX” or the “Company”) (NYSE: TDCX), an award-winning digital customer experience solutions provider for innovative technology and other blue-chip companies, plans to announce its third quarter unaudited financial results on November 21, 2023, U.S. Eastern Time, after the U.S. market closes.

On that day, the TDCX senior management will host a conference call to discuss the unaudited financial results.

A live webcast of this conference call will be available on the TDCX website. Access information on the conference call and webcast is as follows:
 

Date and time:		November 21, 2023, 7:30 PM (U.S. Eastern Time) November 22, 2023, 8:30 AM (Singapore / Hong Kong Time)
Webcast link:		https://events.q4inc.com/earnings/TDCX/Q3-2023
Dial-in numbers:		U.S. Toll Free: +1 833 470 1428		U.S. (Local): +1 404 975 4839
		Singapore: +65 3158 0255		Hong Kong: +852 5803 6418
		UK Toll Free: +44 808 189 6484		All others: Dial-in numbers
Participant Access Code: 704387

A replay of the conference call will be available at TDCX’s investor relations website (investors.tdcx.com). An archived webcast will be available at the same link above.

About TDCX Inc.

Singapore-headquartered TDCX provides transformative digital CX solutions, enabling world-leading and disruptive brands to acquire new customers, to build customer loyalty and to protect their online communities.

TDCX helps clients achieve their customer experience aspirations by harnessing technology, human intelligence and its global footprint. It serves clients in fintech, gaming, technology, travel and hospitality, digital advertising and social media, streaming and e-commerce. TDCX’s expertise and strong footprint in Asia has made it a trusted partner for clients, particularly high-growth, new economy companies, looking to tap the region’s growth potential.

TDCX’s commitment to delivering positive outcomes for our clients extends to its role as a responsible corporate citizen. Its Corporate Social Responsibility program focuses on positively transforming the lives of its people, its communities and the environment.

TDCX employs more than 18,700 employees across 30 campuses globally, specifically in Brazil, Colombia, Hong Kong, India, Indonesia, Japan, Malaysia, Mainland China, Philippines, Romania, Singapore, South Korea, Spain, Thailand, Türkiye, and Vietnam. For more information, please visit www.tdcx.com.  

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Pixalate Unveils General Availability Of Ad Fraud Prevention API

KUALA LUMPUR, Oct 31 (Bernama) -- Pixalate, the market-leading ad fraud protection, privacy, and compliance analytics platform, has launched general availability of its self-service Ad Fraud Prevention Application Programming Interface (API).

With no annual commitments or upfront costs, developers and publishers of all sizes can access Pixalate’s reliable and low-latency solution to easily scale and grow, according to a statement.

Pixalate APIs are powered by the company’s MRC-accredited Analytics platform. Accreditation areas include sophisticated invalid traffic (SIVT) detection and filtration for both display and video across Connected TV (CTV), mobile app, mobile web, and desktop.

Access to MRC-accredited ad fraud prevention tools has historically been limited to large, enterprise sized publishers and developers.

Hence, Pixalate’s self-service API gives smaller developers an upper hand to scale their platforms by protecting existing ad revenue streams and fortifying the integrity of their advertising inventory against bad actors.

Using most globally-accepted credit cards, customers can sign up in minutes, choose the plan that’s right for them, and immediately incorporate Pixalate’s ad fraud prevention insights into their apps.

Some of the key benefits include reducing clawbacks to protect publishers and developers’ revenue; align with major exchanges; combat ad fraud; prevent getting blocklisted; billing dashboard; and ease of integration.

Pixalate is the market-leading fraud protection, privacy, and compliance analytics platform for CTV and Mobile Advertising, offering the only system of coordinated solutions across display, app, video, and CTV for better detection and elimination of ad fraud.

-- BERNAMA

KFSH&RC'S CAPACITY COMMAND CENTER IS A PIONEERING MODEL FOR ACHIEVING MAXIMUM OPERATIONAL EFFICIENCY

Bed waiting time reduced from 32 hours to 6 hours 

RIYADH, Saudi Arabia, Oct 31 (Bernama-GLOBE NEWSWIRE) -- Healthcare providers are facing a continuous increase in the demand for healthcare services, necessitating a redirection of efforts towards improving the operational efficiency of healthcare institutions. In response to this challenge that healthcare providers worldwide face, the Capacity Command Center in King Faisal Specialist Hospital and Research Centre (KFSH&RC) has emerged as a pioneer in enhancing operational efficiency by implementing globally recognized procedures. It essentially aims to improve overall healthcare outcomes in alignment with the goals of Saudi Vision 2030.

Since its launch in September 2021, the Center has executed over 170,000 intervention procedures, significantly reducing bed waiting times from 32 hours to 6 hours. The emergency department has also seen a 14% reduction in waiting times. Furthermore, waiting times in the pharmacy and laboratory have improved, with over 90% of beneficiaries receiving services in less than 15 minutes.

Since its establishment, the Center has become the primary source for data-driven decision-making, it continuously monitors patient movements to maintain care quality, adhere to standard operating procedures, and predict demand volumes to mitigate risks and address potential challenges. 

http://mrem.bernama.com/viewsm.php?idm=47374

IBF Net Indonesia Broadens Global Footprint With Netversity Project

KUALA LUMPUR, Oct 30 (Bernama) -- Indonesian learning provider PT IBF Net Indonesia, has expanded its global footprint with launch of its groundbreaking Netversity project, marking a significant step towards globalising its comprehensive portfolio of courses, catering to a diverse and international audience.

According to a statement, PT IBF Net Indonesia is poised to expand its offerings exponentially, with plans to introduce over 50 courses designed to benefit its network of over 80 thousand members worldwide, from its modest beginnings with a handful of courses focused on Islamic social finance.

Announcing its latest portfolio of courses with the onset of the Indonesian Sharia Economy Festival (ISEF), IBF Net Indonesia President Director, Dr Mohammed Obaidullah said ISEF is an important occasion for the company to plan ahead and share its aspirations, welcoming well-wishers and guests from different parts of the globe to Indonesia.

“A halal ecosystem is not just about Islamic finance. Most of the present-day training providers focus on a handful of areas, such as banking, insurance and investments, and more recently on microfinance and fintech in the context of a Shariah-based economy.

“This is my dream project working with a team of young and energetic Islamic economists from Indonesia and an international panel of experts,” he added.

Prior to his leadership role with IBF Net Indonesia, he served the Jeddah-based Islamic Development Bank Institute as a lead research economist.

PT IBF Net Indonesia established the International Institute of Islamic Business and Finance (IIIBF) with a mission to advance human capacity building within the halal ecosystem through research and technology.

-- BERNAMA

AM BEST AFFIRMS CREDIT RATINGS OF LABUAN REINSURANCE (L) LTD

SINGAPORE, Oct 26 (Bernama-BUSINESS WIRE) -- AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Labuan Reinsurance (L) Ltd (Labuan Re) (Malaysia). The outlook of these Credit Ratings (ratings) is stable.

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

Labuan Re’s balance sheet strength assessment is underpinned by its risk-adjusted capitalisation, as measured by Best’s Capital Adequacy Ratio (BCAR), which is at the strongest level at year-end 2022. The company adopts a prudent capital management approach to support risk-adjusted capitalisation at the strongest level over the medium term, along with an appropriate regulatory solvency position. AM Best views the company as having a moderate risk investment strategy with investment assets predominantly held in cash, deposits and high quality fixed-income instruments, albeit with a modest exposure to equities. Partially offsetting balance sheet strength factors include Labuan Re’s exposure to natural catastrophe risks relative to the size of its capital base, which emanates from its regional reinsurance operations and international operations through its participation in Lloyd’s syndicates.

AM Best views Labuan Re’s operating performance as adequate, with its overall earnings historically supported by robust investment returns. The company recorded an elevated average combined ratio of 105.6% over a five-year period between 2018 and 2022, primarily due to catastrophe-related losses. However, following remedial actions taken by management, the company’s underwriting performance improved in 2021 and 2022. Prospectively, AM Best expects an adequate level of operating performance to be maintained and underpinned by positive underwriting results and investment income, despite short-term volatility driven by unrealised fair value investment losses in recent periods.

AM Best assesses Labuan Re’s business profile as neutral given its position as a well-established regional non-life reinsurer. In addition, the company’s business profile continues to benefit from portfolio diversification through its participation as a corporate member in Lloyd’s syndicates. Labuan Re’s gross written premium has limited growth in recent years, partially due to a planned reduction in its participation in Lloyd’s business. However, AM Best expects the company to record moderate growth over the medium term, driven by product initiatives and its positioning in a generally hard reinsurance market. AM Best views the company’s ERM approach as appropriate given the current size and complexity of its operations.

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. 

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Productivity's Workshop Meeting Kicks Off In Ankara

 

L–R: APO Director for Turkiye Abdullah Basar, Minister of Industry and Technology Mehmet Fatih Kacir, APO Secretary-General Dr. Indra Pradana Singawinata. (Photo: Business Wire)

KUALA LUMPUR, Oct 23 (Bernama) -- The Asian Productivity Organization’s (APO’s) newest member, Turkiye, hosted the 64th Workshop Meeting (WSM) of Heads of National Productivity Organizations (NPOs) in Ankara, from Oct 17 to 19.

According to a statement, the three-day meeting was attended by 65 NPO Heads together with delegates from 20 APO members, and commenced with remarks by APO Director for Turkiye and Ministry of Industry and Technology, Director General for Strategic Research and Productivity, Abdullah Basar.

With APO Vision 2025 as the forefront of the discussions, its Secretary-General Dr Indra Pradana Singawinata underscored the critical importance of refining the vision’s intended results and measures or indicators of success to ensure that they are amplified beyond APO programmes and projects.

Meanwhile, Turkiye Minister of Industry and Technology, Mehmet Fatih Kacir who is also the Guest of Honour said: “With this approach, we see new technologies focused on productivity as one of the most effective tools for solving global problems.

“Productivity is at the basis of a prosperous future and sustainable growth, and digital and green transformation is at the basis of productivity,” he said.

A significant segment of the meeting was dedicated to strategising and planning for the 2025–26 biennium, ensuring that the APO remains agile and attuned to the evolving needs of its diverse members and reinforced the commitment to its mission of sustainable socioeconomic development through productivity across the Asia Pacific region.

Some vision proposals endorsed by the WSM included the launch of an executive leadership programme for NPOs and establishment of a fund for outreach to nonmembers. With the shared collective wisdom and renewed strategies, the APO is ready to navigate the dynamic challenges and opportunities ahead.

Established in 1961, the APO is a regional intergovernmental organisation dedicated to improving productivity in the Asia Pacific region through mutual cooperation, comprising 21 member economies.

-- BERNAMA