Workz rolls out expansion plans as part of global growth strategy
 
Nov 13, 2018
Category:

Dubai-based company restructure sees new European headquarters, group CEO appointment and acquisition of Germany’s Elatec

13 November 2018, Dubai, UAE: Workz Group, the Dubai-based mobile security & IoT solutions provider, has today announced several expansion and restructuring initiatives aimed at driving its global growth in the mobile telecoms and IoT sectors. These plans include the creation of Workz Group Telecoms Limited headquartered in Dublin with the consolidation of all Workz operations under this entity, the appointment of a new group CEO, and the acquisition of Elatec Card and Security Solutions in Germany.

The move will see the appointment of Stephane Fund as Workz Group’s new CEO. Fund, who was previously the founding owner and CEO of Simulity Labs, which was sold to ARM in 2017, will be responsible for leading Workz’s global businesses, forming new partnerships and raising growth capital. The company restructuring also includes the group’s first acquisition under Fund’s leadership of Elatec Card and Security Solutions (Elatec CSS). The card and security solutions provider, which has operations in Munich and a GSMA SAS-certified card personalization and fulfilment facility in Bosnia and Herzegovina, will adopt the Workz brand name. In addition, Workz will also open an office in Dakar, Senegal which will be the company’s second in Africa following the launch of its Johannesburg base last year.

Workz Group Telecoms Ltd has acquired the existing legal entities of Workz effectively consolidating UAE-registered Workz Media FZ LLC and Hong Kong-registered Workz International Ltd under the newly registered Irish company. These changes will see Workz adopt operations in Europe, Africa, Middle East and Southeast Asia as it positions itself as a global provider to mobile network operators, device manufacturers and IoT partners.

Commenting on the company restructure, Workz Media FZ LLC co-CEO Brad Taylor stated “Our goal is to be one of the top global players in mobile digital security, telecoms smart cards and managed services solutions for the IoT and mobile markets. This restructure is a major step forward in this realization. We are delighted to welcome our new Group CEO, Stephane Fund as he has solid experience to lead Workz into our next phase of growth and development. His appointment together with the acquisition of Elatec CSS accelerates our growth across Europe and creates economies of scope and scale.”

Workz Group CEO Stephane Fund added, “Workz has a great reputation within the industry and a very strong team.

The consolidation of Workz Group as an Irish company with regional manufacturing and sales offices is designed to give Workz a global footprint whilst continuing to give our clients a highly effective, responsive and cost-efficient local service. The acquisition of Elatec CSS, with its talented and visionary management, provides a solid foundation from which we can rapidly expand our European operations, capabilities and product offerings over the next two years and I look forward to leading this great team.”

- End –

About Workz Media FZ LLC
Workz connects and protects mobile subscribers of today and tomorrow by providing secure removable or embedded SIMs and remote provisioning solutions for consumer, M2M and IOT devices.

Since its start in 1997, Workz has securely managed over 8 billion connections in more than 50 countries all without a single data breach. Workz’ goal is to be a global player in the IoT ecosystem driving the secure deployment of smart devices and IoT applications faster and easier than ever before.

The company delivers over 1.5 billion mobile products each year across the Middle East, Africa, Asia and Europe. Its GSMA-SAS certified manufacturing facilities produce eUICC and UICC SIM cards in addition to scratch cards. Workz is recognized as the world's largest recharge card manufacturer and the 13th largest SIM card manufacturer. Workz has been one of the first in the market to adopt new IoT technologies such as the embedded SIM. The company are one of only six in the world to be accredited by the GSMA to produce eSIM technology.

About Elatec CSS
Headquartered in Munich, Elatec CSS operates in the European telecom market, with a strong footprint in Turkey, Eastern Europe and CIS, serving over 15 mobile network operator customers. The company offers card manufacturing such as SIM, banking, loyalty and scratch cards as well as security solutions such as ID and access management services.

For further information on this release, please contact Workz on:

Raveena Thapa
PR Executive
M: +97156 188 0381
E: raveena.thapa@workz.com

Mark Humphreys
Chief Marketing Officer
M: +97150 459 1579
E: mark.humphreys@workz.com

 
 
Suntech Signs Global Partnership Agreement with Cyient
 
Oct 23, 2018
Category:

Cyient is a global provider of engineering, manufacturing, geospatial, digital, network and operations management solutions to industry leaders

Germany/India, October 23, 2018 --( ASIA TODAY )-- Suntech, a leading provider of innovative OSS (operations support systems) solutions, has announced that it has signed a non-exclusive business alliance agreement with Cyient, a global provider of engineering, manufacturing, geospatial, digital, network and operations management solutions.

Through this agreement, Cyient and Suntech intend to jointly pursue business opportunities globally in the communications industry by leveraging both company’s technical proficiency, market reach, and domain knowledge. Cyient’s expertise in system integration, operational excellence and global delivery model combined with Suntech’s advanced and specialized technology will offer customers best in class OSS solutions.

Cyient will become a global sales and systems integration partner for Suntech’s world class software products, benefiting its clients with enhanced OSS portfolio and maintenance capabilities. Cyient’s global presence and established leadership in network inventory and asset management will provide Suntech access to newer markets.

Expressing confidence in the partnership, Sanjay Krishnaa, Senior Vice President, Communications, and President, Asia Pacific at Cyient said, “We are delighted to be partnering with Suntech to further expand the solutions we offer. Suntech’s technology will enable us to support global OSS transformation initiatives that will improve asset and network optimization for our clients.”

Commenting on the association, Piotr Saczuk, CEO, Suntech, said, “The combination of our ingenious technology with Cyient's mature engineering, design, and delivery capabilities presents new opportunities for both companies within the communications industry, as well as other markets, such as manufacturing, utilities, healthcare, and transportation.”

About Cyient
Cyient (Estd: 1991, NSE: CYIENT) provides engineering, manufacturing, geospatial, network and operations management services to global industry leaders. Cyient leverages the power of digital technology and advanced analytics capabilities, along with domain knowledge and technical expertise, to solve complex business problems. As a Design, Build and Maintain partner, Cyient takes solution ownership across the value chain to help clients focus on their core, innovate, and stay ahead of the curve.

Relationships form the core of how Cyient works. With nearly 15,000 employees in 21 countries, Cyient partners with clients to operate as part of their extended team, in ways that best suit their organization’s culture and requirements. Cyient’s industry focus includes aerospace and defense, medical, telecommunications, rail transportation, semiconductor, utilities, industrial, energy and natural resources.

For more information, please visit www.cyient.com.

Follow news about the company at @Cyient

About Suntech
Suntech is a leading supplier of OSS/BSS applications for cable operators, mobile network operators, and internet service providers. The company was formed in 1996. Suntech solutions are available under the SunVizion brand name.

The flagship product, SunVizion Network Inventory & Planning, is an innovative system for inventory of both logical and physical network elements combined with support for network planning process. This solution works with any network technology and with all types of networks. In-built workflow engine supports the processes related to network management and the sale of services. Intelligent discovery and reconciliation mechanisms improve the accuracy of network data. SunVizion solutions bring value to millions of subscribers worldwide.

For further media inquiries, please write to
meeta.singh@cyient.com
Or
magdalena.jablonska@suntech.pl

 
 
Dubai Film and TV Commission Announces the Media Partnership with Dubai International Content Market
 
Oct 07, 2018
Category:

Dubai --( ASIA TODAY )-- United Arab Emirates, 6 October 2018: Dubai Film and TV Commission - DFTC and Dubai International Content Market - DICM announced today a strategic media partnership to support the content industry in the UAE and the Middle East region.

With this new strategic partnership, production, post-production and dubbing companies can now take advantage of the ease and simplicity of this media platform and offer small businesses the most powerful marketing tool: an event that brings together media executives from all around the world.

Speaking ahead of the Dubai International Content Market, Jamal Al Sharif, Chairman of DFTC, said: “Events such as this are critical in continuing to build awareness about Dubai’s role as a global content and production hub. A key element of our important partnership with Dubai International Content Market is the opportunity to network with industry professionals from the region and around the world while also allowing us to continue to reaffirm the importance of Dubai as a burgeoning market for content production. As part of our efforts at the Dubai Film and TV Commission, we continue to build on the brilliant infrastructure offered in Dubai and develop a diverse, established talent pool that can help local, regional and international filmmakers while shooting in Dubai.”

“Dubai International Content Market has retained its position as the sole content exhibition in the Gulf region, providing content distribution firms, production and post production companies a unique opportunity to network, collaborate and generate new business partnerships. With a rich legacy in supporting media and entertainment companies in the UAE and around the world, we are highly confident that this annual gathering of leaders and professionals in the media industry, can become a hub for generating new businesses and a creative platform for the existing ones to grow.”, said, Eng. Anas Al Madani, Vice-Chairman and Group CEO of INDEX Holding.

He added, “As Dubai aims to establish itself as the one-stop-shop destination for content developers and filmmakers around the world, we believe that our new partnership with Dubai Film and TV Commission can play a crucial role in achieving that goal and this will further strengthen and enhance Dubai International Content Market’s offering as a leading diverse platform for media content buying, selling and content distribution companies, who aim to target lucrative markets in the Middle East North Africa region.”

The leading international entertainment content and media marketplace, DICM, is set to take place on the 9th and 10th of December this year at the Jumeirah Beach Hotel Conference Centre, and it is organized annually by INDEX Conferences and Exhibitions – a member of INDEX Holding.

- End -

About Dubai Film and TV Commission
DFTC, a member of the Dubai Creative Clusters Authority, was established in 2012 through Executive Decree #16, issued by H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum. DFTC strives to establish Dubai as a global new media hub by attracting and developing talent, nurturing a commercially sustainable industry and fostering the latest innovations impacting the creative economy. DFTC is the sole entity authorized to issue shooting permits in Dubai for the purpose of media production, and serves as a one-stop shop for producers, filmmakers and creators to ensure that filming in Dubai is as easy and efficient as possible. For more information, please visit: http://www.filmdubai.gov.ae

About Dubai International Content Market (DICM)
DICM is the leading international entertainment content and media marketplace in the MENA region. It is essentially for networking, showcasing, producing, co-producing, selling, buying, financing and distributing entertainment content across all platforms. It provides professionals involved in the TV, film, animation, kids programmes, internet content, mobile content, social media, creative art, interactive entertainment, comics, apps, and digital media content industry with the perfect platform to conduct business. To learn more about DICM, please visit www.mycontent.ae

For more information about DICM, please contact:
Vlad Borovina
Project & Sales Manager
Email: vlad.borovina@index.ae | Direct: +97145208902 | Mob: +971523082428

For any media inquiries, please contact:
Suzan Mounzer
Public Relations & Social Media Manager
Email: suzan.mounzer@index.ae | Direct: +97145208830

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Watts Partners with Planet Water to Bring Clean Water to Those in Need in Cambodia
 
Oct 02, 2018
Category:

On October 1-2, Five Watts Employees will Build Two “AquaTowers” at schools in Siem Reap, Cambodia as part of Planet Water’s Project 1000 initiative

NORTH ANDOVER, Mass.--(BUSINESS WIRE)--Watts Water Technologies, Inc. (NYSE: WTS) – a leading global manufacturer of plumbing, heating, and water quality products and solutions – will fund and help install two water filtration systems to provide clean drinking water for children and families in need in Siem Reap Province, Cambodia.

Through its partnership with Planet Water Foundation, a U.S.-based non-profit organization that works to bring clean water access to the world’s most disadvantaged communities, five Watts employees will build “AquaTowers” as part of Planet Water’s “Project 1000” initiative. The AquaTowers remove harmful particles, bacteria and viruses, providing 1,000 people with 10,000 liters of clean water per unit daily.

“We are proud to once again join forces with Planet Water to bolster the clean drinking water supply in Cambodia,” said Robert J. Pagano, Jr., CEO and President of Watts. “It’s also very exciting to participate in Project 1000, which will mark 1 million people served globally by Planet Water and its partners.”

Watts employees based in China, Korea, and New Zealand will help install AquaTowers at the Chan Hea Primary School and Sakada Primary School, which are located in Cambodia’s Svay Leu District.

Planet Water recently announced its Project 1000 initiative as it counts down to building its 1,000th AquaTower since its inception in 2009. The 1,000th AquaTower will be built in early October in Siem Reap Province, Cambodia, the region where Planet Water deployed its very first projects.

Watts first joined forces with Planet Water in 2016. Since that time, the organizations have brought clean water to 11,000 people in Cambodia, China, Colombia, India, Indonesia, the Philippines, and Puerto Rico.

About Watts Water Technologies
Watts Water Technologies, Inc., through its family of companies, is a global manufacturer headquartered in the USA that provides one of the broadest plumbing, heating, and water quality product lines in the world. Watts Water companies and brands offer innovative plumbing, heating, and water quality solutions for residential, commercial, and industrial applications. The company employs 4,800 people in more than 50 offices across 24 countries. For more information, visit www.wattswater.com.

About Planet Water Foundation
Planet Water Foundation is a non-profit organization focused on bringing clean water to the world’s most impoverished communities through the installation of community-based water filtration systems (AquaTowers) and the deployment of hygiene education programs. Planet Water Foundation projects are focused on children, schools, and rural/peri-urban communities across Asia and Latin America. Since 2009, Planet Water has deployed 1,000 projects that provide clean water access to one million people across 14 countries through strategic partnerships with organizations such as Xylem, JP Morgan, Coca-Cola, Columbia Sportswear, Expedia, Starbucks, and Watts Water Technologies, among others. For more information, visit us at www.planet-water.org.

Contacts
Watts Water Technologies
Andy Ravens, 978-689-6136
andrew.ravens@wattswater.com

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Powerful Counter-Trafficking Campaign from Asia Gets a Global Stage
 
Oct 02, 2018
Category:

Eye-catching videos and resources reach audiences around the world

“Now I know things about safety and rights. I’ve also learned how important it is to keep documents safe, not to be confiscated by the employer.”

September 2018 — “Што такое гандаль людзьмі?” (“What is human trafficking?”) says the narrator as an animated video on human trafficking plays to a crowded room of students in Minsk, Belarus. This same video plays in Egypt, Myanmar and Thailand, however, the narrator isn’t speaking Belarusian. She’s speaking Arabic, Myanmar and Thai.

Originally developed to prevent human trafficking and exploitation in 10 member states of the Association of Southeast Asian Nations, USAID’s IOM X (link is external) campaign materials are now being used in over 40 countries across the world. Some 140 videos and an equal number of other resources — such as training materials, online courses, and factsheets — are available in 18 languages.

“IOM X creates content that our audience is receptive to. Having new, high-quality and engaging content on hand makes our demanding jobs so much easier, especially since we are a non-profit looking to maximize resources,” said New Su Shern, founder and president of the Malaysia-based NGO Project Liber8.

The campaign produces tailored content, such as videos and factsheets, on sector-specific issues related to the prevention of human trafficking, ranging from domestic work to manufacturing. For example, the definitions video series provides one-minute overviews of different forms of exploitation, including forced begging, organ trafficking and debt bondage. These videos are easy for other organizations to adapt to local audiences through subtitling or dubbing. They are also highly digestible, shareable and easy for all types of audiences to understand.

Much of the content is aimed at influencing young people from ages 15 to 35 to make migration decisions that protect them from exploitation.

“Now I know things about safety and rights. I’ve also learned how important it is to keep documents safe, not to be confiscated by the employer,” said a Burmese migrant worker in Yangon after watching the Make Migration Work video series.

Audiences across the region are not only fans of the content, but they are also fans of the innovative approach used to create content. A robust library of research and training materials is publicly accessible, and reversioning — translation to another language — is encouraged. For example, the Communication for Development (C4D) toolkit is now available in eight languages, including Mandarin, Bangla and Khmer.

The project’s technical team has held workshops in eight countries, training more than 500 partners on human trafficking and C4D. Campaign materials have reached a potential 505 million people globally since the campaign began in late 2014.

SOURCE / USAID

 
 
Security and Collaboration for a Safer and More Secure Exhibition Industry
 
Sep 22, 2018
Category:

Geneva, Switzerland, 29th August 2018 --( ASIA TODAY )-- Strengthening relationships for a safe and secure exhibition industry at IELA Connect, Shanghai, 15th October 2018.

The safety of exhibitors, visitors and event staff is the highest priority of the exhibitions and events industry.

Since 2012, and as a reflection of new security challenges and concerns in the global logistics landscape, IELA has emphasized safety and security through multiple initiatives. These initiatives bring exhibition venues, show organisers and service providers together sharing best practices and establishing standards of Occupational Health & Safety as well as Security for the entire industry.

Developing Safety & Security Standards and spreading knowledge along education and training programmes, became indeed one of IELA’s passion.

Today, in the ongoing efforts delivering better service, IELA is proud to present the new IELA SECURITY GUIDELINES written in collaboration with Simon Garrett, MD of X-Venture Global Risk Solutions, and a leading security expert in the exh ibition industry.

Proactively strengthening safety & security standards, the IELA SECURITY GUIDELINES are essential for:

• Improving security awareness in the exhibition industry
• Contributing to venue security & exhibition safety
• Shouldering responsibility

IELA, as the industry representative of the global exhibition logistics, has launched a new eventto strengthen the connection between stakeholders of the industry, collaborate on securityissues and boost local awareness: IELA CONNECT.

IELA CONNECT is designed to build a bridge between IELA Members, organisers, venues, associations and press. The first edition will take place in Shanghai on October 15th, 2018 at 18:00 at the JW Marriott Hotel.

Safety & Security is also your priority? Join us and register now.
Let’s connect: Working together for a safer & more secure exhibition industry!

About IELA:
The International Exhibition Logistics Association is the global industry network that provides high-quality performance and expertise in exhibition logistics. IELA is a worldwide trade association dedicated to enhancing the professionalism of the transportation logistics and freight handling segments of the exhibition & event industry. Currently, IELA has 171 members and 32 affiliates in 55 countries.

# # #

Press Contact:
Ludivine Bastien
Communications Manager
IELA
4, Rue Charles-Bonnet
1211 Geneva 12, Switzerland
ludivine@iela.org

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Consoveyo Helps Increase Throughput for Leading Indonesian Dairy Product Manufacturer
 
Sep 05, 2018
Category:

Singapore, 5 September 2018 --( ASIA TODAY )-- Consoveyo Singapore Pte. Ltd. (Consoveyo), part of Körber Logistics Systems, is proud to announce its third consecutive project with a leading dairy goods producer in Indonesia. For this Phase Three project at the manufacturer’s Surabaya plant, Consoveyo expands its automated and storage retrieval system (ASRS) solution to enable the transportation of finished goods from production lines to the warehouse.

“This contract win is a testimony to our excellent customer service and expertise in automated warehousing solutions,” shared Poul Lorentzen, General Manager of Consoveyo. “We set up this plant’s first automated warehouse, and then helped to expand the warehouse by doubling its capacity. Having been chosen for the third time is an affirmation of our position as one of the leading suppliers of automated warehousing solutions for the food and beverage industry.”

In order to ensure an optimum flow of finished goods from the new production line to the ASRS warehouse, Consoveyo installed pallet conveyors, two pallet shuttle cars, and one automated wrapping machine. The equipment eliminates the need for manual handling of goods for transportation, and increases production throughput.

Furthermore, Consoveyo’s warehouse management software (WMS) enables more than the management of inventory storage — it also greatly minimises supply chain disruptions that can shut or slow down production lines. In addition, the software’s real-time visibility function helps to notify the company’s managers in real-time of problems that may disrupt the flow of goods.

Consoveyo’s system will also provide warehouse managers with useful information, such as historical data of pallet movement and specific locations of inventory stored in the warehouse. And in order to extend its service commitment to the customer, Consoveyo will continue to provide after sales support and on-going refresher training courses.

Lorentzen added, “We are glad that our warehousing technologies and solutions helped increase this dairy customer’s throughput and output beyond their expectations. Consoveyo’s solutions are developed with customers’ needs in mind, and are tailored to their exact requirements. We will continue to help manufacturers find the very best solutions, and be there with them through every phase, stage, and component of their journey to achieving a seamless, automated warehouse.”

###

About Consoveyo

Consoveyo S.A. from Porto, Portugal, is a system integrator for automation projects in intralogistics and supplier of automated conveyor and storage systems. The portfolio of integrated solutions and services includes high-rack warehouses, distribution centers, and order processing systems. The company specializes in in-house mechanics and hardware solutions. Consoveyo has facilities in Portugal, Spain, Belgium, the Czech Republic, India, and Singapore. The company belongs to the Business Unit System Integration and is part of the Business Area Logistics Systems belonging to the international technology group Körber.

About Körber Logistics Systems

The Business Area Logistics Systems, belonging to the international technology group Körber and based in Bad Nauheim, Germany, is the leading provider of fully integrated applications for the optimization of complex internal and external logistics processes. Under the umbrella brand Körber Logistics, the Business Area provides digital solutions for the smart factory (production logistics), the warehouse, distribution center, e-commerce, and management of the entire supply chain. In three Business Units, the umbrella brand unites the companies Aberle GmbH and Consoveyo S.A. (System Integration), Langhammer GmbH and Riantics A/S (Product Solutions), Aberle Software GmbH, Cirrus Logistics, DMLogic, HighJump, Inconso AG and Voiteq (Software). They offer an extensive range of products and services, from system integration to technologies for storage, palletizing, de-palletizing and conveyor systems, through to software.

About Körber

Körber AG is the holding company for an international technology Group with approx. 12,000 employees around the world. The Group comprises leading-edge technology companies and more than 140 production, service, and sales entities. At locations around the globe, Körber combines the benefits of a globally-present organization with the strengths of highly-specialized, flexible, medium-sized enterprises that offer their customers solutions, products, and services in the Business Areas of Automation, Logistics Systems, Machine Tools, Pharma Systems, Tissue, Tobacco, Corporate Ventures and Körber Digital.

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China Taiping Insurance Group signs major deals to boost trade, finance and innovation between Singapore and China
 
Sep 04, 2018
Category:

Singapore, August 27, 2018 --( ASIA TODAY )-- China Taiping Insurance Singapore ("CTPIS"), together with its parent - China Taiping Insurance Group (CTIG), announced major collaborations to boost trade, economic and financial cooperation between Singapore and China to mark its 80th anniversary celebrations today at Singapore's St Regis Hotel.

The occasion is also a double celebration for the Group as CTPIS received its licence as a composite insurer to carry on life business in Singapore from the Monetary Authority of Singapore ("MAS").

China Taiping Insurance Group is one of the four state-owned insurance groups directly managed by China's central government. It has total assets exceeding HKD 666.5 billion (about S$117 billion)1 and 24 subsidiaries with a comprehensive range of services including life insurance, property insurance, pension insurance, reinsurance, reinsurance brokerage and insurance agency, securities brokerage, asset management, non-financial investment and other fields.

The historic event was graced by the Minister for Trade and Industry, Mr. Chan Chun Sing and the Chinese ambassador to Singapore, His Excellency Mr. Hong Xiaoyong.

The high-level attendance by more than 300 VIP guests (including senior government officials. top management representatives and industry captains) underscored the event's significance to affirm the strong bilateral economic and trade relations between Singapore and China.

Mr. Wang Si Dong, Vice Chairman and General Manager, China Taiping Group, said, "We are honoured and delighted to celebrate this milestone event here today. Our presence in Singapore has been very valuable and strategic. Singapore's political stability, strong financial and legal fundamentals, economic vibrancy and warm and pro-business policies have helped our Group prosper over the past 80 years. We have invested substantially in Singapore - with our asset base growing multiple-fold and we will continue to strengthen our commitment in the coming years. We intend to designate our Singapore office as the Regional Headquarters (RHQ) to drive the Group's growth - and continue to benefit from resilient domestic demand and vast public infrastructure investment in key economies, including China under the Belt & Road Initiative (BRI).Today also marks a "double happiness" milestone for us as our subsidiary here received its licence from MAS as a composite insurer to carry on life insurance business in Singapore. This is certainly good news for our business prospects! We will remain committed to help and provide more support to businesses here to take advantage of the wealth of opportunities in the region so that we can all forge ahead to enjoy many more years of prosperity and positive growth."

On celebrating CTPIS' 80th anniversary, Deputy General Manager, China Taiping Group and Chairman of China Taiping Insurance Singapore, Mr. Hong Bo commented, "This is indeed a momentous occasion to celebrate CTPIS' 80th anniversary at a time when the finance and insurance industry is booming.

“‘Singapore’s finance and insurance sector is expected to grow at 7% this year - outpacing Singapore's national economic growth - according to a recent poll done by the Monetary Authority of Singapore (MAS)2 - which also showed that Singapore’s finance and insurance sector will take a larger role in driving economic growth in 2018. “

“These trends” he added “herald bright prospects for us as our strong heritage positions us well to ride the growth wave together with our strategic partners in Singapore and overseas. CTPIS has demonstrated remarkable growth and resilience over the years. We are now on the cusp of even greater growth - as we pursue new opportunities in Singapore and the region with a larger capital base and a wider group of leading enterprises from both the public and private sectors. Our combined strengths will enable us to accelerate our growth plans forward."

Altogether three deals were inked between CTIG and major Singapore organisations while CTPIS signed strategic agreements with two of China's largest banks - Singapore Branch - BOC and ICBC. The auspicious occasion also saw the unveiling of the first Innovation Lab by Chinese enterprises in Singapore by senior officials of China Taiping Insurance Group, Enterprise Singapore, the Chinese Embassy and the Monetary Authority of Singapore ("MAS").

Partnership with Enterprise Singapore to Promote Belt & Road Initiative ("BRI") and drive innovation collaboration with the Chinese Insurer’s first Innovation Lab in the region.

CTIG and Enterprise Singapore signed a Memorandum of Understanding (MOU) today to promote greater collaboration between Singapore and Chinese companies on regional infrastructure projects under the BRI. Both parties will also work together on CTIG’s Singapore Innovation Lab to explore fintech and innovation opportunities in the region. This marks the first innovation lab by the Chinese insurer in the region.

With this partnership, CTIG and Enterprise Singapore will facilitate the participation of Singapore companies in regional infrastructure projects in China and other global markets . CTIG will also work with Enterprise Singapore to support Singapore companies in their BRI investments, including providing asset management services, insurance and financing support.

Said Mr Yew Sung Pei, Assistant Chief Executive Officer, Enterprise Singapore, “Enterprise Singapore’s partnership with China Taiping supports our continuous efforts to build a more vibrant and diverse innovation ecosystem in Singapore. China Taiping’s Innovation Lab will provide another avenue for promising global startups to testbed and apply their technologies in a realistic, commercial environment here.”

The MOU between CTIG and Enterprise Singapore was signed by Mr Hong Bo and Mr Wong Choo Sin, Director, China Division of Enterprise Singapore.

Singapore’s Minister for Trade and Industry, Mr Chan Chun Sing, Chinese ambassador to Singapore, His Excellency, Mr Hong Xiaoyong, Mr Yew Sung Pei, Assistant Managing Director of Monetary Authority of Singapore (MAS), Mr Ng Yao Loong, Mr Wang Si Dong, Mr Hong Bo, and General Manager China Taiping Singapore, Mr Yang Yamei, jointly unveiled the Singapore Innovation Lab today at CTPIS’s 80th anniversary event.

The Singapore Innovation Lab will carry out incubation activities, develop innovation capabilities, and serve as a testbed for new technologies like mobile intelligent insurance survey solutions, facial recognition, robotics and Artificial Intelligence customer management solutions, Internet-Of-Things, and big data analytics. Enterprise Singapore will connect suitable Singapore-based startups to CTIG and facilitate collaboration in these areas.

CTIG plans to invest an initial sum of US$2 million to set up the lab, with an additional sum of US$3 million to be injected at the second phase.

Intent for Mutual Cooperation with SCCCI to boost Collaboration

CTIG and SCCCI singed an intent to pursue project and innovative business cooperation for SCCCI's members. SCCCI currently has more than 160 trade association members and 5,000 corporate members. Its network covers more than 40,000 multinational companies, government-linked institutions, large financial and business organisations and small and medium enterprises from various industries.

MOU with RMG to jointly provide medical/healthcare insurance solutions as well as healthcare management services and explore health-related real estate opportunities

CTIG and SGX-listed RMG will explore setting up a joint venture company in China to offer a range of medical and healthcare insurance products as well as healthcare management services. The MOU will enable CTIG to appoint RMG as its preferred network of medical providers for its insured members (covering individual and corporate), staff and their dependents, as well as affiliates of CTIG. CTIG and RMG will also co-operate to actively explore opportunities in investment, management and/or consulting businesses in health-related real estate in China including medical facilities, elderly homes and retirement villages.

Strategic Agreements between CTPIS and BOC and CTPIS and ICBC

CTPIS meanwhile inked two strategic agreements with both Bank of China ("BOC") Singapore Branch and Industrial and Commercial Bank of China Limited Singapore Branch ("ICBC Singapore") with CTPIS and both banks in collaboration to provide various financial solutions for their customers and employees.

Further details of the MOUs and Strategic Agreements can be found on the attached Factsheet.

Cheque Presentation to the ST School Pocket Money Fund

Following the signing ceremony, CTPIS also made the auspicious occasion more meaningful with a notable donation to The Straits Times School Pocket Money Fund ("STSPMF"). A cheque of S$90,000 was presented by Mr. Hong Bo and Mr. Yang Yamei to STSPMF trustee Mr. Arthur Lang and SPH representatives Mr Anthony Tan and Ms. Tan Bee Heong.

"Corporate Social Responsibility is part of our culture of giving back to society. Helping children in their formative years is something we are committed to do as we see this as our responsibility to nurture our next generation. Children are our assets for future growth and we are happy to have this opportunity to contribute to their well-being and development," said Mr. Yang.

CTPIS also undertook an active 80th anniversary campaign to celebrate this milestone in Singapore. Some of its anniversary activities include a fund raising 5KM Fun Run, outdoor and print advertising campaigns as well as product promotions for travel, home, maid and motor insurance.

About China Taiping Insurance Singapore

China Taiping Insurance (Singapore) Pte. Ltd. (“CTPIS”) is a leading composite insurer for both life and general insurance businesses, originated from Tai Ping Insurance Co. Ltd Singapore Branch established in Singapore since 1938. CTPIS has a financial strength rating of “A” and issuer credit rating of “a” by the A.M. Best, and the outlook of these Credit Ratings (ratings) is stable. CTPIS has been assuring our customers in Singapore with financial peace of mind for the last 80 years. Our personal insurance protection covers travel, motor, home, personal accident, hospital and domestic maid. Our business insurance includes various business operation packages, property, casualty (includes work injury compensation), bonds, engineering, marine and medical & health. CTPIS is wholly owned by China Taiping Insurance Holdings Company Limited (“CTIH”), which was listed on the Hong Kong Stock Exchange in 2000, making it the first Chinese-funded insurer listed overseas.

About China Taiping Group

China Taiping Insurance Group Limited, CTIPS’ parent, is a large transnational financial and insurance group with 500,000 employees, 24 subsidiaries, more than 2,000 business outlets and total assets of RMB 600 billion. Its business network covers Mainland China, Hong Kong, Macau, North America, Europe, Oceania, East and Southeast Asia. In July 2018, it became one of the Fortune 500 companies. Its business scope includes life insurance, general insurance, pension insurance, reinsurance, reinsurance brokers and insurance agency, internet insurance, assets management, securities brokerage, financial lease, real estate investment, pension industry investment and other business, thus providing our clients with one-stop financial and insurance services.

About Enterprise Singapore

Enterprise Singapore, formerly International Enterprise Singapore and SPRING Singapore, is the government agency championing enterprise development. We work with committed companies to build capabilities, innovate and internationalise.

We also support the growth of Singapore as a hub for global trading and startups. As the national standards and accreditation body, we continue to build trust in Singapore’s products and services through quality and standards.

About Raffles Medical Group

Raffles Medical Group Ltd is a leading integrated private healthcare provider in Asia incorporated in 1976 and headquartered in Singapore. Raffles Medical Group is listed on the Main Board of Singapore Exchange (SGX: BSL) since 11 April 1997. It runs medical facilities in fourteen cities in Singapore, China, Japan, Vietnam and Cambodia, with two international hospitals under construction in Shanghai and Chongqing. It is the only private medical provider in Singapore that owns and operates a fully integrated healthcare organisation comprising a tertiary hospital, a network of family medicine and dental clinics, insurance services, Japanese and Traditional Chinese Medicine clinics, and a consumer healthcare division.

About Singapore Chinese Chamber of Commerce and Industry

Established in 1906, the Singapore Chinese Chamber of Commerce & Industry (SCCCI) is an internationally renowned business organisation and the apex body of the Chinese business community in Singapore. It is the founder of the biennial World Chinese Entrepreneurs Convention, a global business convention. It plays a key and pro-active role in representing the interests of the local business community. In its continued drive for service excellence, the SCCCI has become the first business chamber in the region to be awarded ISO 9001 certification since 1995. In 2009, the Chamber successfully upgraded its ISO certification to ISO 9001:2008.

The SCCCI has a membership network comprising 5,000 corporate members and has more than 160 trade association members, representing over 40,000 companies including large financial and business organisations, multinational corporations, government-linked companies, and small and medium enterprises from a wide spectrum of trades and industries. These members together provide vast resources and opportunities which enable the SCCCI to develop an influential global Chinese business network for business, education, culture and community development. In return, they share a strong sense of pride and identity together and benefit immensely from the SCCCI’s membership services, facilities and activities.

About Bank of China

Bank of China Singapore Branch (BOCSG) was established in 1936. It holds a Qualifying Full Bank License (QFB) in Singapore since 2012. Out of over 120 foreign banks in Singapore, 10 have obtained this license. BOCSG has a network of 23 financial touch points in Singapore, including 13 sub-branches and 10 self-service banking outlets, and at the same time providing banking services at over 200 automated teller machines through the ATM5 network island-wide. Leveraging on the Group’s extensive global network and local expertise, it provides customers with a full suite of banking services such as traditional commercial banking services, investment banking services, and private banking services.

BOCSG, on behalf of the Head Office, manages and operates several regional business centres, including Commodity Business Unit (which consists of The Commodity Finance Unit, The Global Commodity REPO Centre and The Commodities Trading Desk), Forfaiting Unit, Debt Capital Market Centre (Asia), Private Banking Centre, Card Unit, Innovation Lab and Overseas Training Centre. With the direction to support the internationalisation of China and Singapore enterprises, its operations cover Southeast Asia and extend to the global market.

Since its establishment, BOCSG has been committed to innovation and development. In 2016, BOCSG was the first Chinese enterprise to be conferred the “Business China Enterprise Award”. In 2017, BOCSG became a council member of the Association of Banks in Singapore, and was elected as the chairman of the Southeast Asia Regional Committee of the International Trade and Forfaiting Association. BOCSG also actively supports RMB internationalisation. It is the pioneer bank in offering RMB products in Singapore, and also the largest RMB service provider currently. With the deepening collaboration between China and Singapore, BOCSG will persistently enable advancement through technology, drive development through innovation, deliver performance through transformation and enhance strength through reform, in an effort to build Bank of China into a world-class bank in the new era, bringing greater contributions to Sino-Singapore relations.

About Industrial & Commercial Bank of China Limited Singapore Branch

Industrial & Commercial Bank of China Limited Singapore Branch (ICBC Singapore), the first overseas institution of ICBC, was established in 1993. Over years of arduous endeavour, ICBC Singapore has become one of the leading commercial banks in Singapore, offering a full range of financial products and services covering retail banking, private banking, corporate banking, institutional banking and investment banking.

Issued on behalf of CTPIS:
For more information, please contact:

Ms. Tham Moon Yee
Mr. Soh Tiang Keng
Mr. Julian Kay

Stratagem Consultants Pte Ltd:
Tel: 65 6227 0502
Fax: 65 6227 5663

Media Contact:
Cindy Cheng
Head, Marketing
China Taiping Insurance (Singapore) Pte Ltd
Tel: (65) 6389 6158
Cindy.cheng@sg.cntaiping.com

Ms. Tham Moon Yee
Stratagem Consultants Pte Ltd:
Tel: (65) 6227 0502
tmy@stratagemconsultants.com

Mr. Julian Kay
Stratagem Consultants Pte Ltd:
Tel: (65) 6227 0502
julian@stratagemconsultants.com

About ST School Pocket Money Fund (STSPMF)

The Straits Times School Pocket Money Fund (STSPMF) was started in 2000 as a community project initiated by The Straits Times to provide pocket money to children from low-income families to help them through school. The children can use this money for school-related expenses, such as buying a meal during recess, paying for transport or using it to meet other schooling needs. The financial help also eases the burden of the many parents who are already struggling to feed their families on their meagre incomes.

The Fund supports more than 10,000 children and youth a year. Since the project started in 2000, the Fund has disbursed more than $60m and helped over 160,000 cases of children and youth in providing them with monthly school pocket money.

STSPMF was established as a Trust on 20 October 2010 with a Board of Trustees and was granted charity status on 14 November 2011 with Institution of A Public Character (IPC) status effective from 1 January 2012.

The funds works with the Ministry of Education, mainstream and special needs schools, youth centres, family service centres and children's homes in disbursing the funds to students from low-income families.

- ASIA TODAY News Global Distribution http://www.AsiaToday.com

 
 
CUHK Jockey Club Museum of Climate Change Organises 'Beyond 60°S' Exhibition
 
Sep 02, 2018
Category:

Jointly organised by the Jockey Club Museum of Climate Change (the Museum) of The Chinese University of Hong Kong (CUHK), local non-governmental organization ProjecTerrae, science communicator Dr Stephen Ng, and the Agriculture, Fisheries and Conservation Department of the Government of the Hong Kong SAR, an exhibition entitled ‘Beyond 60°S’ was launched on 30 August. Officiating at the opening ceremony were Prof. Fok Tai-fai, Pro-Vice-Chancellor and Vice-President of CUHK, Ms Vivian Lee, Senior Charities Manager of The Hong Kong Jockey Club, Dr Stephen Ng, science communicator and Ms Louise Li, Senior Fisheries Officer (Fisheries Management) of the Agriculture, Fisheries and Conservation Department.

As part of the ‘JC–CUHK Climate Action’ programme, the exhibition presents the importance of the Antarctic Treaty System and the Environmental Protocol, and highlights the rich biodiversity and natural resources of the Antarctic through art installations, graphics and photos. The exhibition is intended to raise Hong Kong people’s awareness of the importance of conserving the natural resources in the Antarctic by explaining how the Convention on the Conservation of Antarctic Marine Living Resources is implemented by the Agriculture, Fisheries and Conservation Department in Hong Kong.

In his welcome address, Prof. Fok Tai-fai said, ‘Since the launch of the Hong Kong Chapter of the United Nations’ Sustainable Development Solutions Network (SDSN Hong Kong) earlier this year, CUHK and The Hong Kong Jockey Club Charities Trust (the Trust) have been working actively to advance the United Nations’ Sustainable Development Goals (SDGs). Three of the 17 SDGs are directly related to the conservation of natural resources.’ Prof. Fok said he believed the exhibition would give visitors a better understanding of the potential threats to Antarctic resources, and of the pressing need to conserve natural resources in the Antarctic and beyond. He also expressed his heartfelt gratitude to the Trust and other supporting organisations for their contribution to the exhibition.

JC–CUHK Climate Action – ‘Beyond 60°S’ Exhibition

Exhibition period:

30 August – 30 November 2018
 (closed on Wednesdays, Sundays and public holidays)

Opening hours:

9:30 am – 5:00 pm

Venue:

Jockey Club Museum of Climate Change,
Yasumoto International Academic Park 8/F, CUHK
(Near Exit D, MTR University Station)

Jockey Club Museum of Climate Change

The Jockey Club Museum of Climate Change, funded by The Hong Kong Jockey Club Charities Trust (the Trust), was established in December 2013 at The Chinese University of Hong Kong (CUHK). It is the first museum of its kind in the world, offering an interactive, multimedia exhibition that showcases valuable collections and information about climate change. It is the ideal venue for the public, especially students and teachers, to champion the cause of environmental stewardship and keep themselves abreast of the latest developments in environmental conservation and sustainability. The Museum has attracted over 320,000 visitors since its inception.

In 2017, the Trust pledged its support for a three-year initiative of the Museum: ‘JC–CUHK Climate Action’. During the next three years, the Museum will run a variety of environmental education activities to help the people of Hong Kong better understand the potentially devastating effects of climate change, suggest innovative solutions and engage in climate action.

More details about the Museum can be found at http://www.mocc.cuhk.edu.hk/.

 
 
Bridging Singapore and Austria Startup Ecosystems for Wider Business Opportunities Overseas
 
Aug 30, 2018
Category:

Singapore, 30 August 2018 --( ASIA TODAY )-- Action Community for Entrepreneurship (ACE) signed a Memorandum of Understanding (MOU) with Advantage Austria and Global Incubator Network (GIN) this afternoon, with the aim to strengthen the startup ecosystems of Singapore and Austria, as well as to facilitate market access between the two countries.

The MOU signing ceremony held at the ACE International Centre (ACEIC), was graced with the presence of His Excellency Federal Chancellor Sebastian Kurz, head of government of the Austrian Republic, Dr Mohamad Maliki Bin Osman, Senior Minister of State, Ministry of Defence & Ministry of Foreign Affairs Singapore and Mayor of South East CDC, and other members of the Austrian delegation such as Dr Margaret Schramböck, Federal Minister, Federal Ministry for Digital and Economic Affairs (Austria) and Mr Herald Mahrer, President, Austrian Federal Economic Chamber, and Dr Mark Hon, Chairman of ACE.

The MOU outlined the organising of events and workshops to raise awareness of Austria as a launchpad to the European market for Singapore startups, and correspondingly, Singapore as a launchpad to the Asian market for Austrian startups. As part of ACEIC efforts to help startups venture overseas, this initiative aims to facilitate greater involvement of investor networks in Singapore and Austria where Singaporean and Austrian investors will be able to tap into each other’s startup ecosystem for market access and investment.

ACEIC is a dedicated one-stop centre for local and international startups looking to scale up and internationalise their business. In partnership with government agencies such as Enterprise Singapore and JTC, ACEIC helps strengthen startups' competitiveness, grow global champions and create opportunities for startups globally. ACEIC also runs the ACE Market Access Programme to drive the growth of startups into overseas markets.

Advantage Austria, with its estimated 110 offices in over 70 countries, provides a broad range of intelligence and business development services for both Austrian companies and their international business partners. It assists businesses around the world in locating Austrian suppliers and business partners, it brings business contacts together by introducing them to Austrian companies which are looking for importers, distributors or agents, and it provides in-depth information on Austria as a business location and assistance in entering the Austrian market.

Global Incubator Network (GIN) is the single point of contact in Austria for startups, investors and incubators, and it connects the Austrian startup ecosystem with hotspots in Asia, including Singapore. As a flagship programme initiated by the Austrian government, it offers programme and services for startups interested in Austria and for Austrian startups searching for cooperation with partners in Asia. GIN also connects investors as well as incubators and accelerators, providing access to selected targets and an international network of key players in innovation and finance.

According to Dr Mark Hon, Chairman of ACE, “The signing of the MOU marks the start of a close cooperation to help ACE, Advantage Austria, and GIN gain knowledge and insights on the startup ecosystems of Singapore and Austria for start-ups to thrive in. Through this mutually beneficial partnership, we aim to strengthen the investor and entrepreneur networks of both countries which will hopefully act as the startup ecosystems’ launchpads for the Asian and the European markets.”

Photos of MOU signing ceremony, from Left to Right (name, designation, organisation):

• Bernhard Sagmeister, Managing Director aws, Global Incubator Network (GIN)
• Mr Edmas Neo, Executive Director, Action Community for Entrepreneurship (ACE)
• Henrietta Egerth-Stadlhuber, Managing Director FFG, Global Incubator Network (GIN)
• Michael Otter, Director General, Advantage Austria, Austrian Federal Economic Chamber

The MOU signing ceremony was witnessed by His Excellency Federal Chancellor Sebastian Kurz, head of government of the Austrian Republic, Dr Mohamad Maliki Bin Osman, Senior Minister of State, Ministry of Defence & Ministry of Foreign Affairs Singapore and Mayor of South East CDC, and other members of the Austrian delegation such as Dr Margaret Schramböck, Federal Minister, Federal Ministry for Digital and Economic Affairs (Austria) and Mr Herald Mahrer, President, Austrian Federal Economic Chamber, and Dr Mark Hon, Chairman of ACE.

-End-

About Action Community for Entrepreneurship (ACE)
The Action Community for Entrepreneurship (ACE) is a national private sector-led organisation to drive entrepreneurship and innovation in Singapore.

Launched in 2003 by the Ministry of Trade & Industry and restructured as a private entity in 2014, ACE is supported by the government, under the patronage of Senior Minister of State for Ministry of National Development and Ministry of Trade & Industry, Dr Koh Poh Koon. ACE's Board of Directors also comprises of experienced entrepreneurs and professionals immersed in the entrepreneurial ecosystem.

Today, ACE plays a key role in building a dynamic and sustainable startup ecosystem in Singapore. ACE supports startups across all stages and focuses on three strategic areas:

(i) driving co-innovation between startups and enterprises;
(ii) helping startups to scale and internationalise;
(iii) building an access hub of connected ecosystems across countries.

For more information on ACE, please visit www.ace.org.sg.

For media enquiries, please contact The Rainmaker Marketing Group Pte Ltd at 6475 8368.

- ASIA TODAY News Global Distribution http://www.AsiaToday.com