Vancouver, BC, Oct 15, 2024 - (ACN Newswire via SeaPRwire.com) - Transoft Solutions Inc. ("Transoft") - a global leader in transportation engineering, analysis, and operations software - announced today that it has acquired Advanced Mobility Analytics Group Pty Ltd ("AMAG"), a leading developer of video-based analytics software to facilitate improved traffic safety and management of road infrastructure, headquartered in Brisbane, Australia.Transoft Solutions Acquires AMAGThe secure cloud-based SMART platform developed by AMAG supports Vision Zero and Safe Systems approaches globally. Using computer vision, big data analytics, and advanced econometrics, its predictive analytics help organizations to create a safer and better managed road infrastructure."We are delighted to welcome AMAG's employees to Transoft," said Daniel Shihundu, P.Eng., CEO at Transoft. "We feel there is an excellent cultural fit, and combining our talented teams will accelerate research and development. The technologies present in our companies, independently, are truly remarkable, and merging the SMART and TrafxSAFE products under one umbrella will create a platform with unique capabilities. It will also allow us to explore synergies with our other products and create a software ecosystem where safety analytics can contribute to multiple stages in infrastructure development, from planning and design through to operations and maintenance. The Brisbane office, in addition to our current location in Sydney, will strengthen our presence in Australia and Asia-Pacific.""We are extremely excited to be joining Transoft," said Simon Washington, PhD, CEO of AMAG. "We enjoy cultural alignment, share the same vision, and with our combined technical expertise and software solutions, will be well positioned to serve the growing number of road safety and traffic operations projects in markets Transoft serves globally. Our latest continuous monitoring and decision support platform for traffic operations management has been gaining traction in several markets globally and is providing our customers with valuable infrastructure insights not possible with traditional sensor technologies. Through the Transoft offices and partner network, we are excited to offer this technology to additional markets across the globe."The integration of AMAG's business activities into the Transoft organization will ensure that its customers experience a seamless transition and a continued high quality of customer care and service. AMAG and their SMART platform are welcome additions to Transoft's portfolio and mark another step forward in the company's commitment to road safety initiatives like Vision Zero. Simon Washington will lead the combined AMAG and Transoft safety teams under a single Safety and Traffic Operations business unit at Transoft.About Transoft SolutionsTransoft Solutions develops innovative and highly specialized software for aviation, civil infrastructure, and transportation professionals. Since 1991, Transoft has remained focused on safety-oriented solutions that enable transportation professionals to work effectively and confidently. Our portfolio of planning, simulation, modeling, and design solutions are used in over 150 countries serving more than 50,000 customers across local and federal agencies, consulting firms, airport authorities, and ports. We take pride in providing the highest quality of customer support from our headquarters in Canada, and through our offices in Sweden, the United Kingdom, the Netherlands, Australia, Germany, India, Belgium, France, Spain, and China. For more information on Transoft's range of aviation, civil design, and traffic safety solutions, visit transoftsolutions.comContact InformationMedia Relationspublicrelations@transoftsolutions.com+1 604 244 8387 ext 2245Related ImagesTransoft Solutions Acquires AMAGSimon Washington will join Daniel Shihundu's Transoft team to helm Safety & Traffic OperationsSOURCE: Transoft Solutions Inc. Copyright 2024 ACN Newswire via SeaPRwire.com.
Brisbane, Queensland, Australia--(ACN Newswire via SeaPRwire.com - October 15, 2024) - Graphene Manufacturing Group Ltd. (TSXV: GMG) ("GMG" or the "Company") is pleased to announce it has been recognized as one of the Most Innovative Companies in the Manufacturing & Consumer Goods category for 2024 by the Australian Financial Review, which is Australia's most-read premium business masthead.The AFR BOSS Most Innovative Companies list celebrates Australian businesses that are challenging the status quo. Now in its thirteenth year, this prestigious annual list ranks the most innovative organisations from Australia and New Zealand, and is the only national, cross-industry list of its kind.GMG's work in graphene production and product development has positioned the company at the forefront of this rapidly evolving field, enabling sustainable solutions in energy storage, electronics, and beyond."We are honored to receive this recognition, which reflects the hard work and dedication of our team," said Craig Nicol, CEO of Graphene Manufacturing Group. "This award validates our mission to harness the unique properties of graphene to develop innovative products that can positively impact the world."GMG's Chairman and Director, Jack Perkowski, commented: "Great to see the Company's innovative world leading work getting acknowledged in this way - congratulations to the team."Figure 1To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/8082/226664_cc296f8a948ea8f2_001full.jpgAbout GMGGMG is a clean-technology company which seeks to offer energy saving and energy storage solutions, enabled by graphene, including that manufactured in-house via a proprietary production process. GMG has developed a proprietary production process to decompose natural gas (i.e. methane) into its elements, carbon (as graphene), hydrogen and some residual hydrocarbon gases. This process produces high quality, low cost, scalable, 'tuneable' and low/no contaminant graphene suitable for use in clean-technology and other applications.The Company's present focus is to de-risk and develop commercial scale-up capabilities, and secure market applications. In the energy savings segment, GMG has focused on graphene enhanced heating, ventilation and air conditioning ("HVAC-R") coating (or energy-saving coating), lubricants and fluids.In the energy storage segment, GMG and the University of Queensland are working collaboratively with financial support from the Australian Government to progress R&D and commercialization of graphene aluminium-ion batteries ("G+AI Batteries").GMG's 4 critical business objectives are:Produce Graphene and improve/scale cell production processesBuild Revenue from Energy Savings ProductsDevelop Next-Generation BatteryDevelop Supply Chain, Partners & Project Execution CapabilityFor further information please contact:Craig Nicol, Chief Executive Officer & Managing Director of the Company at craig.nicol@graphenemg.com, +61 415 445 223Leo Karabelas at Focus Communications Investor Relations, leo@fcir.ca, +1 647 689 6041Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/226664 Copyright 2024 ACN Newswire via SeaPRwire.com.
Macao, October 15, 2024 – (ACN Newswire) – The Macao Government Tourism Office (MGTO) has successfully hosted the Experience Macao Limited Edition event, warmly welcoming tourists from around the world to participate.Participants need to answer three questions about Macao daily on the website(ExperienceMacaoLimitedEdition.com). Upon successfully answering the questions, they will be entered into a lucky draw for a chance to win exclusive Macao privileges. If they do not answer correctly, they can invite friends to retry.
The event features 100 Experience Macao Limited Edition Prizes, which include round-trip flights to Macao and hotel accommodations. Six exclusive prizes, carefully curated by six integrated resorts, offer participants the chance to delve into Macao’s diverse culture. These experiences include intangible cultural heritage activities (such as traditional crafts, cultural tours, and wellness culture) and visits to selected Macao landmarks (such as the Eight Scenic Spots of Macao, churches, temples, and eco-discovery tours), allowing participants to fully enjoy Macao’s unique charm.
One particularly exciting highlight is the Ultimate Experience Macao Limited Edition Prize. Among all prize winners, one lucky ultimate winner will be selected to enjoy free access to Macao’s major attractions, spectacular performances, and unique hotels for 30 days. The winner must share their Macao experience on social media by December 31, 2024, using the official hashtags (#MacaoLimitedEdition and MGTO’s official account). The participant whose post receives the most likes will win the Ultimate Experience Macao Limited Edition Prize.
To further promote this event, MGTO partnered with Klook to launch an exclusive event page on August 26. Users can conveniently browse and book Macao travel products, participate in the draw, and win fantastic prizes. By clicking the banner on the MGTO event page, users can quickly access the official game event website and get ready to embark on their Experience Macao Limited Edition journey.
Additionally, many KOLs have been invited to participate in the event, where they experienced diverse activities in Macao, such as wearing qipao, making Port wine bricks, and bungee jumping from the Macao Tower, showcasing the unique allure of the city. More exciting content can be found on MGTO’s social media account @visitmacao.
As the event is nearing its end, Macao welcomes tourists to continue exploring its culture and charm. Follow the official social media accounts to enjoy more exciting experiences.
Media contact
Brand Name : Macao Government Tourism Office
Contact Person: Yoki Xue
Website: https://www.macaotourism.gov.mo/en/
Johannesburg, South Africa, Oct 15, 2024 - (ACN Newswire via SeaPRwire.com) - In the rapidly evolving field of healthcare, technological advancements are continually transforming both medical education and the delivery of healthcare services. Innovative solutions, in the healthcare field, present new possibilities for enhancing learning, improving patient outcomes, and advancing medical practices. These cutting-edge methods allow students and healthcare professionals to gain a deeper understanding of complex medical concepts and sharpen essential skills. Simultaneously, they foster the growth of local industries, driving innovation and creating economic opportunities, while addressing critical healthcare needs in a more sustainable and efficient way.One such innovation is focused on revolutionising medical education and healthcare in South Africa through the application of advanced 3D printing technology. By utilising this state-of-the-art tool, students and professionals are gaining unprecedented opportunities to deepen their knowledge of human anatomy, hone their surgical skills, and enhance patient care. This not only raises the standard of education but also contributes to the growth of local manufacturing industries, promoting healthcare excellence and economic development. Moreover, it strengthens South Africa's manufacturing capabilities, particularly in the production of medical devices.This collaboration fosters innovation and empowers small and medium enterprises (SMMEs) to compete on a global scale. With a focus on customized medical solutions, the initiative supports local manufacturing, creating jobs, and building a sustainable medical device industry. By encouraging collaboration between academic institutions and businesses, the project enhances the manufacturing ecosystem and contributes to South Africa's overall economic growth while addressing vital healthcare needs.Overview of the event: 26th Edition of the South Africa Manufacturing ShowThe 26th Edition of the South Africa Manufacturing Show is part of a global series that has been held in over 10 cities across multiple continents in recent years. This exclusive, invitation-only in-person event, which will be held on November 21, 2024 in Qurtuba Convention Centre, Johannesburg is designed specifically for technology leaders from top businesses, institutions, and government officials representing South Africa’s manufacturing sector.The agenda for the South Africa Manufacturing Show has been carefully curated to pinpoint the essential strategies required for making informed business decisions, enhancing operational efficiency, and advancing digital culture. The Summit will gather more than 200 C-Level Executives, Directors, and Heads of Technology to explore the potential of AI, Web 3.0, IoT, Cyber Security, and other Fourth Industrial Revolution (4IR) technologies, providing the insights necessary to initiate meaningful change in the industry today.Who will attend?Pandelani Reuben Munyai, Group CIO, Transnet SOC Ltd.Dhevan Pillay, CEO, LTM Energy Group.Oltesh Thobias, Regional Chief Procurement & Contracts Officer, African Development Bank Group.Stavros Nicolaou, Group Senior Executive, Aspen Pharmacare Holdings Ltd.The event will cover topics like:From Factory to Future: Industry 4.0's Role in South Africa's Manufacturing Evolution.From Concept to Creation: The Synergy of AI, 3D Printing, and South African Innovation in Manufacturing.Powering South Africa's Green Industrial Revolution: Balancing Sustainability, Energy Resilience, and Manufacturing Growth.Unleashing Efficiency: Harnessing Data Analytics in Manufacturing Processes.Regional Manufacturing to Achieve Health Equity and Security on the African Continent.Building Supply Chain Agility: Crafting Resilient Supply Chains in South Africa.For more information on the 26th edition South Africa Manufacturing Show, click the LinkAbout ExitoExito, which means success in Spanish, embodies our commitment to the success of our customers. Each year, we host over 240 virtual and in-person conferences globally, bringing together audiences with world-class thought leaders and C-level executives across industries. Our meticulously crafted agendas, based on extensive research and valuable industry insights, facilitate business, knowledge transfer, deal flow, and impactful messaging for brands.For Media Enquiries, contact:Kasturi Nayak (Sr. Marketing Executive)Kasturi.nayak@exito-e.comEnquiry@exito-e.comExito Media Concepts Copyright 2024 ACN Newswire via SeaPRwire.com.
KAWASAKI, Japan, Oct 15, 2024 - (JCN Newswire via SeaPRwire.com) - Fujitsu today announced the development of an application that leverages AI technology to enhance mobile network communication quality, while achieving energy savings and optimizing network operations. This development is part of the Research and Development Project of the Enhanced Infrastructures for Post-5G Information and Communication Systems (hereafter NEDO-led project) (1) conducted by the New Energy and Industrial Technology Development Organization (NEDO). Fujitsu, which has a successful track record of introducing radio unit (RU) products to the global market, will incorporate this technology into its O-RAN (2) compliant Service Management and Orchestration (SMO) (3) system, FUJITSU Network Virtuora Service Management and Orchestration. Fujitsu will implement a gradual global rollout of the technology to mobile network operators starting in November 2024 by leveraging the footprint it has already cultivated in RU.This application comprises three key technologies:An AI-powered technology that can estimate smartphone users’ quality of experience (QoE) on their networks in real time.A technology that detects early signs of increased communication traffic and proactively prevents network quality degradation.A technology that detects network quality degradation and redefines the area covered by peripheral base stations to maintain optimal quality.Fujitsu verified the effectiveness of these technologies in August 2024 using real commercial data from mobile network operators (4) under conditions closely resembling actual operating environments.This application will ensure a seamless and reliable connection for mobile network users, not only during normal operations but also during emergencies and periods of increased network traffic, ultimately enhancing user convenience, satisfaction, and safety in critical situations. For mobile network operators, the application will reduce operational costs and save power through optimized operations.BackgroundAs digital transformation (DX) accelerates globally, the adoption of 5G mobile networks is rapidly expanding as a key infrastructure component. Mobile network operators are expected to further enhance their capabilities, including ultra-low latency and simultaneous connectivity, while ensuring network quality at user and application levels. Furthermore, the RAN (Radio Access Network) domain is undergoing open and virtualized transformation based on the O-RAN concept, leading to anticipated reductions in total cost of ownership (TCO).The three technologies in this application operate on the RIC (5) deployed within the O-RAN compliant SMO, contributing to the intelligent automation and self-sufficiency of RAN.Development achievements1. Real-time QoE estimation and quality assurance using AIThis technology estimates QoE in real-time and automatically switches users to other base station network areas when QoE degradation is detected. It is a world-first, enabling the creation of AI models that can easily estimate QoE for individual applications by selecting feature values from statistical data (KPIs) calculated from high-speed packet analysis for 100 Gbps RAN traffic. This approach allows for flexible adaptation to various applications.By accurately understanding the QoE of each user and assigning the necessary resources, this technology ensures user convenience and satisfaction while simultaneously suppressing excessive resource allocation. This results in a 19% increase in the number of users that can be accommodated per base station (6).Figure 1: QoE estimation based on packet analysis2. Proactive base station activation/deactivation for quality maintenance and energy savingsFujitsu has developed a technology that utilizes AI to anticipate increased communication traffic and proactively activate previously dormant base stations to prevent degradation in user communication quality.Previously, energy savings were achieved by monitoring traffic in each area in real-time and putting unnecessary base stations into sleep mode. This world first technology goes a step further by detecting unusual increases in pedestrian traffic, such as those associated with local events, and predicting subsequent traffic increases at the grid level (7). This predictive technology has been proven to successfully activate base stations in advance without impacting user quality 99.8% of the time during the verification period.This enables pinpoint activation and deactivation of base stations based on traffic conditions, achieving a balance between maintaining QoE and saving energy when combined with the energy-saving application announced by Fujitsu in December 2023 (8).3. Detection of service quality degradation and area redesign for service quality maintenanceTraditional anomaly detection technologies for single cells (9) struggled to differentiate between simple load reductions and actual anomalies. Fujitsu's new technology addresses this by comparing traffic trends across surrounding cells using AI, achieving a fault detection accuracy rate of over 92%. This technology supports both supervised learning with limited fault data as well as unsupervised learning. By understanding the service impact including cell overlap, it is possible to make a judgement on which areas should be recovered first.When this anomaly detection technology identifies areas undergoing significant service impact, it utilizes a radio propagation prediction model that considers path loss (10) in the real field, in addition to the direction and load conditions of surrounding cells, to calculate the optimal tilt angle for surrounding cells. This minimizes the impact on service quality caused by faulty cells. As a result, recovery time from anomalies such as equipment failure, which previously took 24 hours, has been reduced to less than one hour, minimizing the impact on users.Figure 2: Service quality degradation detection and recoveryFuture PlansFujitsu will continue to contribute to the realization of a safer, more secure, and sustainable society by providing O-RAN products using AI-centric technologies for networks that support applications and services across industries.[1] NEDO-led project :Project name: Research and Development Project of the Enhanced Infrastructures for Post-5G Information and Communication Systems (JPNP20017) (Commissioned)Period: FY2021 - 2024Overview: Research and Development Project of the Enhanced Infrastructures for Post-5G Information and Communication Systems[2] O-RAN :O-RAN refers to a Radio Access Network (RAN) built based on open interface specifications developed by the O-RAN ALLIANCE.[3] Service Management and Orchestration (SMO) :In the O-RAN architecture, Service Management and Orchestration (SMO) defines a system that manages the operation, maintenance, and optimization of RAN, as well as its lifecycle.[4] Commercial data from mobile network operators :This refers to data collected by mobile network operators during their actual operations. This data is used in AI development for this research and development project.[5] RIC :Abbreviation for RAN Intelligent Controller, a controller that autonomously executes and controls RAN parameter settings and operational optimization.[6] A 19% increase in the number of users that can be accommodated per base station :This figure was calculated based on a comparison of cell-based performance measurements and QoE-based performance measurements in Fujitsu's lab environment.[7] Grid :A grid refers to a section on a map based on latitude and longitude.[8] The energy-saving application announced by Fujitsu in December 2023 :This refers to an energy-saving application that applies Fujitsu's AI technology to estimate communication traffic based on the distribution of user location information in the mobile network.Press Release: “Fujitsu leverages AI technology to realize energy saving in network operations”[9] Cell :A cell is the smallest unit of a communication area formed by the radio waves of a base station.[10] Path loss :Path loss refers to the attenuation of radio waves as they pass through the air or are blocked by obstacles.About FujitsuFujitsu’s purpose is to make the world more sustainable by building trust in society through innovation. As the digital transformation partner of choice for customers in over 100 countries, our 124,000 employees work to resolve some of the greatest challenges facing humanity. Our range of services and solutions draw on five key technologies: Computing, Networks, AI, Data & Security, and Converging Technologies, which we bring together to deliver sustainability transformation. Fujitsu Limited (TSE:6702) reported consolidated revenues of 3.7 trillion yen (US$26 billion) for the fiscal year ended March 31, 2024 and remains the top digital services company in Japan by market share. Find out more: www.fujitsu.com.Press ContactsFujitsu LimitedPublic and Investor Relations DivisionInquiries Copyright 2024 JCN Newswire via SeaPRwire.com.
MELBOURNE, Oct 15, 2024 - (ACN Newswire via SeaPRwire.com) - PropertyGuru Group (NYSE:PGRU), Southeast Asia’s leading property technology company, today announced the winners of its Australian real estate awards at the Grand Hyatt Melbourne.The gala ceremony of the 7th PropertyGuru Asia Property Awards (Australia), supported by Sub-Zero Wolf, showcased the achievements of developers and design practices in New South Wales, Queensland, South Australia, Victoria, and Western Australia.BHC Property, Best Developer WinnerBHC Property has been crowned Best Developer, in addition to earning the title of Best Luxury Townhouse Development (Victoria) for its distinguished Mercer project.Polytec Australia, Best Boutique Developer WinnerPolytec Australia won the title of Best Boutique Developer, with its project Beauchamp Sydney receiving the Best Luxury Apartment Architectural Design (New South Wales) award.MRCB International, Sustainable Design Award WinnerMRCB International made history by winning the inaugural Sustainable Design Award. Its project 26 Vista was recognised for Best Apartment Architectural Design.Sydney Ma, Managing Director of Top Spring Australia, Australia Real Estate Personality of the Year Award WinnerOSK Property gained the prestigious Best Apartment Development (Australia) title for BLVD, which also garnered accolades for Best Wellness Residential Development, Best Integrated Work from Home Development, and Best Apartment Interior Design.Hexa and IFD won the prestigious Best Townhouse Development (Australia) title for Lumina Townhomes, which was also named Best Townhouse Development (Victoria). Meanwhile, Hexa and Spectre Property took home the Best Industrial Development award for Found Huntingdale.Blairgrove Group emerged as one of the most awarded companies of the year, winning Best Retail Development for The Burwood Chinatown and Best Retail Interior Design for The Grand Shanghai Hotel.In addition to outstanding modern developments, this year’s awards showcased Australia’s historic properties. Blairgrove Group also won the Best Heritage Development award for the Leichhardt Hotel while The Playford Adelaide – MGallery by Hachem Architecture Pty Ltd won the Best Heritage Interior Design and Best Hotel Interior Design awards.Other winning design practices include CHT Architects, winning Best Office Architectural Design for 101 Cremorne, and Parallel Workshop Architects, winning Best Apartment Architectural Design (Victoria) for Sculpt Hawthorn.Multi-award winners include Kingsbridge by Hermitage Building Group, which took Best Housing Architectural Design and Best Housing Interior Design, and Elements at Carousel by Jean Yip Developments, which won Best Investment Apartment Development and Best Apartment Development (Western Australia).Golden statuettes were also presented to Burswood Point by Golden Sedayu for Best Mixed Use Development; Chatswood Garden by FY Property, Kooringa Group, MA Financial, CPDM for Best Townhouse Development (New South Wales); and Scape Victoria Street by Scape Australia Pty Ltd for Best Student Accommodation Development.Sydney Ma, managing director of Top Spring Australia, received the Australia Real Estate Personality of the Year award from the editorial team of Property Report by PropertyGuru, recognising his company’s impressive portfolio of community-focused and sustainable projects.Jules Kay, general manager of PropertyGuru Asia Property Awards and Events, said: “From high-tech buildings to heritage landmarks, Australian real estate beautifully blends the old and the new. As we host our second physical gala in Melbourne, we take pride in recognising the forward-thinking, culturally attuned companies that have set a benchmark for quality and sustainability in the built environment. Australia faces many global challenges head-on and has increasingly embraced the needs of diverse demographic segments such as seniors and students. We are delighted to showcase the best projects, designs, and achievements of our winners to property seekers, investors, and agents throughout Australia and the Asia Pacific.”Ivan Lam, chairperson of the Awards in Australia, said: "We are proud to present the most coveted awards in Australian real estate to these paragons of development and design excellence. The wide range of titles awarded this year proves how developers are excelling not only in creating new builds but also in revitalising Australia’s rich legacy of heritage buildings. Our award winners have also demonstrated leadership in promoting environmentally friendly, socially responsible development and addressing the housing needs of Australians across all ages and backgrounds. Australia’s finest real estate reinforces the country’s strong cross-border appeal to inbound investors and property seekers, and we are delighted to showcase such properties on the international stage.”The independent panel of judges consists of Ivan Lam, executive director, international business, Charter Keck Cramer; Lui Violanti, vice-chairperson of the Awards in Australia and regional manager for Western Australia, Inhabit Group; Benson Zhou, director, hotels, CBD and metropolitan sales, and state head, Asia markets, Savills Australia; Catherine Tan, senior interior designer, Interite; Jackson Liew, director, Cameron Chisholm Nicol; Karen Kong, head of property lending, Bendigo Bank; Karl Fu, partner, Asian markets, Winning Commercial; Michelle Tay, group executive director, The SILC Group; Peter Li, general manager, Plus Agency; Richard Newling Ward, director, Bayleyward; Shanker Ramakrishnan, director, SR Business & Finance Consulting Pty Ltd; and Steven Yu, founder and CEO, Valorton Group.The fairness, transparency, and integrity of the judging process was overseen by Josh Chye, partner and head of tax at HLB Mann Judd – HLB Australasia. The official supervisor is part of the “2024 Network of the Year” winner HLB International, the global network of independent professional accounting firms and business advisers.Winners of the awards will be eligible to compete in the 19th PropertyGuru Asia Property Awards Grand Final on 13 December 2024. This will be held in Bangkok, Thailand during PropertyGuru Week that also features the annual PropertyGuru Asia Real Estate SummitOrganised by PropertyGuru Group (NYSE:PGRU), the PropertyGuru Asia Property Awards (Australia) are made possible by silver sponsor Sub-Zero Wolf; supporting associations Australasia Property Advisory Association; Australia Malaysia Business Council Victoria, Australian Property Developers Association, and Melbourne Chinatown Association; official magazine Property Report by PropertyGuru; official publicity partner Good Talent Media; media partners Australian Property Investor Magazine, Australian Property Journal, Marketing In Asia, PhilTimes.com.au, The Property Tribune, and Your Investment Property Magazine; and official supervisor HLB.For more information, email awards@propertyguru.com or visit the official website: asiapropertyawards.com.COMPLETE LIST OF WINNERSDEVELOPER AWARDSBest DeveloperWINNER: BHC PropertyBest Boutique DeveloperWINNER: Polytec AustraliaTHE ESG DEVELOPER AWARDSustainable Design AwardWINNER: MRCB InternationalDEVELOPMENT AWARDSBest Mixed Used DevelopmentWINNER: Burswood Point by Golden SedayuBest Industrial DevelopmentWINNER: Found Huntingdale by Hexa and Spectre PropertyBest Retail DevelopmentWINNER: The Burwood Chinatown by Blairgrove GroupBest Heritage DevelopmentWINNER: Leichhardt Hotel by Blairgrove GroupBest Luxury Townhouse Development (Victoria)WINNER: Mercer by BHC PropertyBest Townhouse Development (New South Wales)WINNER: Chatswood Garden by FY Property, Kooringa Group, MA Financial, CPDMBest Townhouse Development (Victoria)WINNER: Lumina Townhomes by Hexa and IFDBest Investment Apartment DevelopmentWINNER: Elements at Carousel by Jean Yip DevelopmentsBest Apartment Development (Western Australia)WINNER: Elements at Carousel by Jean Yip DevelopmentsBest Wellness Residential DevelopmentWINNER: BLVD by OSK PropertyBest Integrated Work from Home DevelopmentWINNER: BLVD by OSK PropertyBest Student Accommodation DevelopmentWINNER: Scape Victoria Street by Scape Australia Pty LtdDESIGN AWARDSBest Luxury Apartment Architectural Design (New South Wales)WINNER: Beauchamp Sydney by Polytec AustraliaBest Apartment Architectural DesignWINNER: 26 Vista by MRCB InternationalBest Apartment Architectural Design (Victoria)WINNER: Sculpt Hawthorn by Parallel Workshop ArchitectsBest Housing Architectural DesignWINNER: Kingsbridge by Hermitage Building GroupBest Office Architectural DesignWINNER: 101 Cremorne by CHT ArchitectsBest Apartment Interior DesignWINNER: BLVD by OSK PropertyBest Housing Interior DesignWINNER: Kingsbridge by Hermitage Building GroupBest Retail Interior DesignWINNER: The Grand Shanghai Hotel by Blairgrove GroupBest Hotel Interior DesignWINNER: The Playford Adelaide - MGallery by Hachem Architecture Pty LtdBest Heritage Interior DesignWINNER: The Playford Adelaide - MGallery by Hachem Architecture Pty LtdBEST OF AUSTRALIA AWARDSBest Apartment Development (Australia)WINNER: BLVD by OSK PropertyBest Townhouse Development (Australia)WINNER: Lumina Townhomes by Hexa and IFDPUBLISHER’S CHOICEAustralia Real Estate Personality of the YearWINNER: Sydney Ma, Managing Director, Top Spring AustraliaABOUT PROPERTYGURU ASIA PROPERTY AWARDSPropertyGuru’s Asia Property Awards, established in 2005, are the region’s most exclusive and prestigious real estate awards programme. The Asia Property Awards are recognised as the ultimate hallmark of excellence in the Asian property sector. Boasting an independent panel of industry experts and trusted supervisors, the Awards have an unparalleled reputation for being credible, ethical, fair, and transparent. In 2024, the Awards series is open to key property markets around the region. The exciting gala events welcome senior industry leaders and top media, as well as reach property agents and consumers via live streaming. Recognising excellence within each Asian market with a variety of categories, including green and sustainable development, each local awards programme will culminate in the PropertyGuru Asia Property Awards Grand Final, which takes place after the PropertyGuru Asia Real Estate Summit during ‘PropertyGuru Week’ in December 2024. For more information, please visit AsiaPropertyAwards.comABOUT PROPERTYGURU GROUPPropertyGuru is Southeast Asia’s leading1 PropTech company, and the preferred destination for over 28 million property seekers2 to connect with almost 46,000 agents3 monthly to find their dream home. PropertyGuru empowers property seekers with more than 2.1 million real estate listings4, in-depth insights, and solutions that enable them to make confident property decisions across Singapore, Malaysia, Thailand, and Vietnam.PropertyGuru.com.sg was launched in Singapore in 2007 and since then, PropertyGuru Group has made the property journey a transparent one for property seekers in Southeast Asia. In the last 16 years, PropertyGuru has grown into a high-growth PropTech company with a robust portfolio including leading property marketplaces and award-winning mobile apps across its core markets; mortgage marketplace, PropertyGuru Finance; home services platform, Sendhelper; a host of proprietary enterprise solutions under PropertyGuru For Business including DataSense, ValueNet, Awards, events and publications across Asia.For more information, please visit: PropertyGuruGroup.com; PropertyGuru Group on LinkedIn(1) Based on SimilarWeb data between October 2023 and March 2024. (2) Based on Google Analytics data between October 2023 and March 2024. (3) Based on data between January 2024 and March 2024. (4) Based on data between October 2023 and March 2024.PROPERTYGURU CONTACTS:General Enquiries:Richard Allan Aquino, Head of Brand & Marketing ServicesM: +66 92 954 4154E: allan@propertyguru.com Media & Partnerships:Nate Dacua, Senior Manager, Media and Marketing ServicesM: +66 92 701 2510E: nate@propertyguru.comSales & Nominations:Watcharaphon Chaisuk (Jeff), Solutions ManagerM: +66 95 797 0595E: jeff@propertyguru.comMonika Singh, Solutions ManagerM: +66 87 677 4812E: monika@propertyguru.com Copyright 2024 ACN Newswire via SeaPRwire.com.
TOKYO, Oct 15, 2024 - (JCN Newswire via SeaPRwire.com) - The NEC C&C Foundation today announced that the 2024 C&C Prize will be awarded to two groups for their contributions to the development and implementation of large-capacity, wavelength division multiplexing (WDM) optical submarine cable systems, and to pioneering research of the Transformer deep learning model serving as the foundation of generative AI, which is used in various fields such as global internet, web applications, data science, and artificial intelligence, that support modern society. Dr. Shigeyuki Akiba, Dr. Masatoshi Suzuki and Dr. Itsuro Morita will represent Group A and Transformer team will represent Group B. Each recipient will be recognized with a certificate of merit and a plaque. Each group will also receive a cash award of ten million yen.The C&C Prize was established in 1985 and is awarded to distinguished persons in recognition of outstanding contributions to R&D activities and pioneering work related to the integration of computers and communications technologies and the social impact of developments in these fields. This year’s two recipient groups are outlined below.The prize ceremony and acceptance speeches will be held on Wednesday, November 27 from 15:00 at the ANA InterContinental Tokyo and will be streamed live to those who apply at the Foundation’s website.2024 C&C Prize RecipientsGroup ADr. Shigeyuki AkibaFormerly KDDI R&D Laboratories Inc., President and Chief Executive OfficerDr. Masatoshi SuzukiChitose Institute of Science and Technology, Vice-President, ProfessorWaseda University Graduate School, Faculty of Science and Engineering, Visiting ProfessorDr. Itsuro MoritaWaseda University, Faculty of Science and Engineering, ProfessorCitationFor contributions to the development and implementation of large-capacity, wavelength division multiplexing (WDM) optical submarine cable systemsAchievementInternational communications began in the latter half of the 19th century with the laying of a submarine cable providing one telegraph line. This was followed by the appearance of coaxial cables that expanded circuit capacity and that could also be used for making telephone calls. In the 1970s and 1980s, however, satellite communications having even larger circuit capacity became mainstream. Nevertheless, on entering the 1980s, optical fiber and semiconductor lasers came into practical use, and by exploiting the low-loss and broadband properties of optical fiber, large-capacity transmission became possible while decreasing the number of submarine repeaters and decreasing the cost of communications, all of which drove the adoption of optical submarine cables. As for transpacific cables, operation of the 3rd transpacific cable (TPC-3) using optical fiber (capacity per fiber: 280 Mbps) began operation in 1989, TPC-4 (capacity per fiber: 560 Mbps) began operation in 1992, and TPC-5 (capacity per fiber: 5 Gbps), which significantly increased transmission capacity with the introduction of an optical-amplifier-repeater transmission system, began operation in 1995. However, due to a phenomenon whereby the velocity of light waves propagating through optical fiber differs according to wavelength (called wavelength dispersion) and due to the nonlinearity of optical fiber, WDM signal waveforms become distorted, which greatly hindered the implementation of large-capacity optical submarine cable systems spanning a distance of 10,000 km. Against this background, it was KDDI engineers including Dr. Shigeyuki Akiba, Dr. Masatoshi Suzuki, and Dr. Itsuro Morita that were instrumental in increasing the capacity of optical submarine cable systems and upgrading WDM-based optical submarine cable systems in particular, thereby supporting the rapidly expanding demand for Internet communications.The technologies developed by Dr. Akiba, Dr. Suzuki, and Dr. Morita became essential to WDM optical submarine cables and came to be applied to many optical submarine cables from 1999 to 2016 covering a total system length of 206,000 km. These included transpacific (PC-1: 1999, Japan-US: 2001), transatlantic (TAT-14: 2001), and Asia-region (C2C: 2001, EAC: 2002) optical submarine cables as well as 1-Tbps-class transpacific optical submarine cables (TGN-Pacific: 2003, UNITY: 2010). These technologies made a major contribution to the deployment of a global broadband infrastructure supporting communication traffic that increased rapidly due to the spread of the Internet and expanded use of smartphones.Dr. Akiba, Dr. Suzuki, and Dr. Morita pioneered the research and development of technology for expanding the capacity of long-haul optical submarine cables particularly through optical-nonlinearity control. They played a major role in applying this technology to transpacific/transatlantic large-capacity optical submarine cables, which constitute major arteries handling approximately 99% of all international communications. These achievements have had huge ripple effects in academia and industry. They are remarkable on a global basis and have made great social contributions in the C&C (Computers and Communication) field. For these outstanding achievements, it is more than fitting that Dr. Akiba, Dr. Suzuki, and Dr. Morita receive the C&C Prize.Group BTransformer TeamMember：Eight authors of the paper "Attention Is All You Need"Ashish Vaswani - CEO, Essential AINoam Shazeer - VP, Gemini Technical Co-Lead, Google DeepmindNiki Parmar - Research scientist, essential AI, GoogleJakob Uszkoreit- InceptiveLlion Owen Jones - CTO, Sakana AIAidan Gomez - CEO, CohereLukasz Kaiser - Member of Technical Staff, OpenAIIllia Polosukhin - NEAR ProtocolCitationFor pioneering research of the Transformer deep learning model serving as the foundation of generative AIAchievementArtificial intelligence (AI) technology has been evolving remarkably in recent years and has come to deeply penetrate not only industrial fields but society as well. The appearance of generative AI, in particular, has sent shock waves throughout the world as AI possessing creativity. The third-generation AI boom arrived in the 2000s. Machine learning came into practical use, deep learning made its appearance, and the performance of AI improved in many fields including image recognition, natural language processing, and speech recognition using convolutional neural networks (CNNs), recurrent neural networks (RNNs), and other models. In 2017, the innovative Transformer model that revamped conventional neural networks appeared achieving a level of performance greatly exceeding existing models. It is said that the present progress in AI could not have occurred without Transformer.Following the presentation of the paper, AI studies using Transformer architecture were announced one after another. In addition to high speed and high performance, Transformer features a significant improvement in accuracy as the scale of training data increases, which has also brought about scale-related competition in AI models. In 2018, OpenAI announced the initial version of its generative pre-trained transformer (GPT), a large language model, and has been releasing updated versions ever since. As AI that can carry on conversations like a human, the number of users of ChatGPT appearing in 2022 topped 100 million in less than three months after its release. In addition to being talked about as AI that can foster innovation in a variety of fields including business, work, education, medical care, and everyday life, it also gave rise to discussions on ethical matters. Open AI also announced DALL-E, an image generation system, and Whisper, a speech recognition model. In 2018, Google announced a natural language processing model called BERT (Bidirectional Encoder Representations from Transformers), which was followed up by ViT (Vision Transformer) specializing in image recognition. Then, in 2023, it announced Gemini (formerly known as Bard), a generative artificial intelligence chatbot. These eight individuals who presented Transformer that changed the history of AI have since left Google. Seven of them have founded their own start-ups and all but one of these companies conduct business based on Transformer technology.Transformer not only broke through the limitations of what were advanced technologies at that time like RNN and LSTM but also enabled the seamless integration of diverse types of data in multimodal AI while greatly improving the capabilities of AI systems. Although deep learning gave rise to AI-based innovation from around 2010, Transformer can be called the second great innovation in the sense of revamping existing neural networks. The present spread of generative AI using Transformer as base technology and its impact on society has been huge, and in view of these achievements, these eight members of the Transformer team are deserving recipients of the C&C Prize.For additional information, please visit The NEC C&C Foundation website at: www.candc.or.jp/en/index.html About The NEC C&C FoundationThe NEC C&C Foundation is a non-profit organization established in March 1985 to foster further growth in the electronics industry by encouraging and supporting research and development activities and pioneering work related to the integration of computers and communications technologies, that is, C&C, and ultimately to contribute to the world economy and the enrichment of human life. The Foundation is funded by NEC Corporation.The Foundation currently has two main activities. It presents the annual C&C Prizes to recognize outstanding contributions to R&D activities and pioneering work in the area of C&C. Candidates are recommended from all over the world. Each prize winner receives a certificate, a plaque, and a cash award (ten million yen per group). As of 2024, 129 prominent persons had received the prize.The Foundation also gives the following two grants: (1) grant to enable researchers in Japan to attend international conferences overseas to make presentations in the field of C&C and (2) grant to researchers in a doctorial course at a graduate school in Japan.For additional information, please visit The NEC C&C Foundation website at: www.candc.or.jp/en/index.html About NEC CorporationNEC Corporation has established itself as a leader in the integration of IT and network technologies while promoting the brand statement of “Orchestrating a brighter world.” NEC enables businesses and communities to adapt to rapid changes taking place in both society and the market as it provides for the social values of safety, security, fairness and efficiency to promote a more sustainable world where everyone has the chance to reach their full potential. For more information, visit NEC at www.nec.com. Copyright 2024 JCN Newswire via SeaPRwire.com.
SAN DIEGO, CA, Oct 15, 2024 - (ACN Newswire via SeaPRwire.com) - On Sept. 30, 2024, General Atomics Aeronautical Systems, Inc. (GA-ASI) completed a major milestone with the full-scale fatigue testing of an MQ-9B Remotely Piloted Aircraft (RPA). The team completed the "second lifetime" of fatigue testing, which is equivalent to 80,000 operating hours and represents an important step in validating the design of the airframe system. The testing is part of the aircraft certification to NATO standard STANAG 4671, where the aircraft will ultimately be tested through three lifetimes, thereby proving the 40,000-hour lifetime of the airframe.The full-scale fatigue test simulates the aircraft's design service through the application of repeated structural loading on the assembled airframe. The testing identifies any potential structural deficiencies ahead of fleet usage and assists in developing inspection and maintenance schedules for the airframe. The results of the test will be used as part of the documentation for certification and will form the basis for in-service inspections of structural components.MQ-9B is GA-ASI's most advanced RPA and includes the SkyGuardian® and SeaGuardian® models as well as the new Protector RG Mk1 that is currently being delivered to the United Kingdom Royal Air Force (RAF)."Full-scale fatigue testing is an integral part of validating the airframe design and a key input for the certification of the airframe prior to entering service," said Chris Dusseault, vice president of MQ-9B in Europe. "The completion of the fatigue test builds confidence for our MQ-9B customers that the SkyGuardian/SeaGuardian meets the stringent design rigor and is mature at Entry into Service."The testing is the validation of years of design and analysis efforts. This is the second of three lifetimes of testing for the airframe. Two of the lifetimes simulate the operation of an aircraft under normal conditions, and the third has intentional damage inflicted on the airframe's critical components to demonstrate its resistance to operational damage that may occur over the lifetime of the air vehicle.Testing was conducted from Jan. 31, 2024, through Sept. 30, 2024, at Wichita State University's National Institute for Aviation Research in Wichita, Kansas. The airframe tested is a production airframe purpose-built to support the test campaign.In addition to the RAF, contracts have been signed for MQ-9B with Belgium, Canada, Japan, Taiwan and the U.S. Air Force in support of the Special Operations Command. The Japan Coast Guard is currently operating the SeaGuardian for maritime operations, and the Japan Maritime Self-Defense Force (JMSDF) selected SeaGuardian for its Medium-Altitude, Long-Endurance (MALE) RPA System Trial Operation Project.About GA-ASIGeneral Atomics Aeronautical Systems, Inc. (GA-ASI), an affiliate of General Atomics, is a leading designer and manufacturer of proven, reliable RPA systems, radars, and electro-optic and related mission systems, including the Predator® RPA series and the Lynx® Multi-mode Radar. With more than eight million flight hours, GA-ASI provides long-endurance, mission-capable aircraft with integrated sensor and data link systems required to deliver persistent situational awareness. The company also produces a variety of sensor control/image analysis software, offers pilot training and support services, and develops meta-material antennas.For more information, visit www.ga-asi.com.Avenger, Lynx, Predator, Reaper, SeaGuardian, and SkyGuardian are registered trademarks of General Atomics Aeronautical Systems, Inc.Contact InformationGA-ASI Media Relationsasi-mediarelations@ga-asi.comSOURCE: General Atomics Aeronautical Systems, Inc. Copyright 2024 ACN Newswire via SeaPRwire.com.
HONG KONG, Oct 15, 2024 - (ACN Newswire via SeaPRwire.com) - As we enter the fourth quarter, the market buzzes with optimism. The U.S. Federal Reserve’s interest rate reduction, aimed at bolstering liquidity, has drawn Chinese mainland capital inflow into the Hong Kong stock market. Just before China’s National Day holiday, the People’s Bank of China (PBOC) unveiled a series of pivotal measures: a reserve requirement ratio cut, an interest rate reduction, and a decrease in existing mortgage rates. Analysts and commentators widely regard these moves as unprecedented since 2008. Notably, the PBOC’s injection of at least RMB 800 billion into the stock market represents a historic milestone.On 10 October, the People’s Bank of China (PBOC) made a significant move by introducing a swap facility, initially valued at RMB500 billion. This facility aims to bolster capital market development and further invigorate both the Hong Kong and A-share markets. Just two days later, on 12 October, Lan Fo’an, Minister of Finance of the People’s Republic of China, announced a forthcoming series of targeted incremental fiscal policy measures. These measures are designed to support high-quality economic development, with a focus on stabilizing growth, expanding domestic demand, and mitigating risks. As the economy stabilizes and corporate earnings improve, the overall market is poised for a new phase of growth.Interest rate cuts poised to register gains in Hong Kong’s stock marketThe U.S. Federal Reserve has implemented a 50-basis-point interest rate cut, the first in four years. According to the Fed’s projections, the federal funds rate is expected to reach 4.4% by year-end, falling within a target range of 4.25% to 4.5%. Looking ahead, the rate is anticipated to decrease further to 3.4% by 2025 and 2.9% by 2026. Market sentiment suggests that another 50-basis-point rate cut may occur this year, with expectations of a full 100-basis-point reduction next year.As the Federal Reserve initiates rate cuts, it will ease the capital outflows and stabilize currency fluctuations in countries beyond the United States. This policy shift also grants greater flexibility to central banks worldwide, including China, enabling them to tailor their monetary strategies to foster economic expansion and bolster stock market performance. In this evolving landscape, bonds emerge as an attractive option. As deposit rates are projected to gradually decrease during the rate-cutting cycle, investors can secure appealing fixed returns over the long term. Additionally, both stocks and bonds—particularly those with robust growth potential and stable fundamentals—are poised to attract significant interest among investors in the short term.Despite several major supportive measures introduced by the central government, the stock market experienced a pullback after the National Day holiday. Nevertheless, institutions like Morgan Stanley, HSBC, and CITIC have expressed confidence in the government’s unwavering dedication to economic stimulation. These institutions anticipate the gradual introduction of additional measures, amounting to trillions, with an aim at bolstering the economy. Market sentiment suggests that these economic stimulus measures will be moderate and sustained, recognizing that a steady rise in stock market plays a crucial role in driving economic growth and encouraging consumer spending.Given the government’s steadfast commitment to boosting consumption, Fosun International (00656), a leading global innovation-driven consumer group, remains undervalued for an extended period. It is poised to emerge as a frontrunner. Notably, the significant increase in Fosun International’s share price subsequent to earlier stimulus measures underscores its considerable growth potential. Successfully building industry leaders to strengthen core industrial advantagesSince 10 September, Fosun International’s stock price has steadily risen, resulting in an impressive cumulative increase of 58.46%. Notably, this increase surpasses the Hang Seng Index’s 34.26% increase during the same period. The recent surge in Fosun International’s share price is underpinned by the company’s solid fundamentals. Guo Guangchang, Chairman of Fosun International, emphasized during the interim results presentation that despite the challenging macro environment, Fosun International remains committed to its core business-focused strategy and continued to cultivate industry-leading companies and develop excellent products in advantageous sectors. So far, this strategy has yielded positive results.Recently, Fosun International strengthened its advantages in core industries such as pharmaceuticals, tourism, consumption, and insurance by focusing on its core businesses, garnering market optimism. During the National Day holiday, the tourism sector experienced a strong start, with the tourism-related stocks seeing significant growth. During the first week of October, Fosun Tourism Group’s (FTG) share price surged nearly 40%, reflecting the market’s high recognition of the company’s asset-light strategy and investors’ confidence in FTG’s growth potential. Currently, 85% of FTG’s resorts operate under an asset-light model, making it one of the few leading tourism companies in the domestic market with both an asset-light approach and global operational capabilities.Guo Guangchang mentioned on Weibo that the stock market’s rally before the holiday gave everyone a sense of financial comfort. The wealth effect of rising stocks has truly stimulated consumer demand and driven an increase in spending. Sales of the company’s Atlantis Sanya and Shede’s baijiu saw a rapid rise during the holiday. Taking Shede as an example, as a renowned Chinese liquor company, it carried out promotions across its entire product line during the National Day holiday. Several products showed significant year-on-year increases compared to last year’s sales. Among them, the high-end strategic product in the RMB1,000 price range, Collection Shede 10-Year Edition, saw a remarkable year-on-year sales growth of 384%. Crystal Shede experienced a 224% increase in sales, while the sales of T68 Tuopai Exceptional grew 80%, and the sales of Tuopai Qiujiu rose 69%.In addition to the improving tourism and consumer businesses, Fosun’s pharmaceutical and insurance businesses have also attracted positive market attention. As a leader in pharmaceutical innovation in China, Fosun Pharma has been optimizing its asset structure and accelerating cash inflow this year. It recently announced its plans to privatize its innovative drug platform, Shanghai Henlius, and to fully acquire the core cell therapy platform, Fosun Kite, with a view to focusing on its core innovative assets. Supported by favorable national measures and strong R&D and commercialization capabilities, Fosun Pharma has established itself as a leader in China’s innovative drug market. In the first half of the year, it generated over RMB3.7 billion in revenue from innovative drugs, with steady growth expected in the second half. During the National Day holiday, Fosun Pharma’s share price performed well and continued to increase. Since September, its share price has risen nearly 25%.Recently, Fitch, one of the leading international credit rating agencies, upgraded Fidelidade’s Insurer Financial Strength (IFS) Rating to “A+” from “A” and its Long-Term Issuer Default Rating (IDR) to “A” from “A-”, maintaining stable outlooks. This represents the highest ratings Fitch has granted to a Portuguese financial company. The upgrade confirms that strategies implemented by Fidelidade have consistently strengthened its financial stability and reflects the improvement in Fosun’s global operational capabilities. Fitch highlighted Fidelidade’s sound business profile, strong capitalization, robust financial performance and profitability, and low investment portfolio risk.USD888 million syndicated loan issuance demonstrates continued recognition of Fosun’s credit quality by domestic and international banksOn 30 September, Fosun International announced the closure of a sustainability-linked syndicated loan totaling USD888 million through greenshoe, one of the largest of its kind issued by Chinese private enterprises this year. It is worth mentioning that the loan is a three-year senior unsecured working capital loan and the participating banks include several leading banks from Greater China, the Asia-Pacific region, and Europe and the Americas. This reflects the continued recognition of the Group’s credit quality by both domestic and international banks. Fosun’s sound financing channels can lay a solid foundation for the company’s steady development.Recently,several securities firms have highlighted the effectiveness of Fosun International’s core business-focused strategy, with innovation and globalization driving healthy growth, while maintaining a declining leverage ratio and sound financials. Fosun has actively optimized its asset portfolio, consistently reduced leverage and strengthened cash reserves. As of 30 June 2024, the Group’s adjusted total debt-to-capital ratio was 50.2%, maintaining a downward trend since 2020. In June 2024, international rating agency S&P fully recognized the effectiveness of Fosun’s financial strategy and affirmed its rating outlook as “stable”.According to various research reports, as Fosun’s business becomes more focused and its financial indicators improve, its future business development and profitability are becoming more predictable. Notably, globalization, innovation, and its sound asset-light operational capabilities are poised to drive a new round of growth for Fosun.It is evident that benefiting from national measures, Fosun International and its subsidiaries have entered a new phase for potential valuation enhancement. The recent pullback in share prices could be an attractive buying opportunity for investors. Copyright 2024 ACN Newswire via SeaPRwire.com.
CTF Life’s celebration dinner to mark its towards 40th anniversaryis inaugurated by Brian Cheng, Executive Director and Group Co-ChiefExecutive Officer of NWS Holdings and Non-executive Director of CTFLife (third from right); Gilbert Ho, Executive Director and GroupCo-Chief Executive Officer of NWS Holdings and Non-executiveDirector of CTF Life (second from left); and Man Kit Ip, ChiefExecutive Officer of CTF Life (centre), along with the managementteam of CTF Life.HONG KONG, Oct 14, 2024 - (ACN Newswire via SeaPRwire.com) - Chow Tai Fook Life Insurance Company Limited (“CTF Life”) recently celebrated its towards 40th anniversary with a celebration dinner themed “Value Beyond Insurance” at the Hong Kong Convention and Exhibition Centre. To further promote the value of CTF Life in providing customers with personalised planning solutions, lifelong protection and diverse lifestyle experiences over the years, CTF Life also announced the launch of its MyWealth Savings Insurance Plan 2, which empowers customers with faster and higher projected returns, greater autonomy and greater flexibility in inheritance planning, helping customers embrace a fulfilling life.The celebration dinner was inaugurated by Brian Cheng, Executive Director and Group Co-Chief Executive Officer of NWS Holdings and Non-executive Director of CTF Life; Gilbert Ho, Executive Director and Group Co-Chief Executive Officer of NWS Holdings and Non-executive Director of CTF Life; and Man Kit Ip, Chief Executive Officer of CTF Life, along with the company’s management team. The highlight of the event was a performance by singer-songwriters Phil Lam and Cath Wong, while renowned artist Kelly Chen appeared as a guest performer.To further promote its brand awareness, CTF Life displayed its new company name on the rooftop LED billboard of COFCO Tower on Hong Kong Island and the large outdoor advertisement at the Royal Hong Kong Yacht Club in Causeway Bay. To celebrate its 40th anniversary, the company also advertised on billboards on five major commercial buildings, including Far East Finance Centre, Harcourt House, Sing Ho Finance Building, Chinachem Century Tower and V Point.Man Kit Ip, Chief Executive Officer of CTF Life, said: “CTF Life is embarking on a new journey in 2024, proudly stepping into its 40th year. Over the years, we have overcome challenges and seized opportunities together with Hong Kong, achieving remarkable growth. Looking ahead, we will further strengthen our collaboration with the diverse conglomerate of the Chow Tai Fook Group, leveraging its robust financial strength and strategic investments across the globe to continue to expand our service network and optimise our products and services. Drawing on our roots in Hong Kong, we will extend our reach across China and other Asian markets, continually creating value beyond insurance for our target customers.”MyWealth Savings Insurance Plan 2 for Flexible Wealth ManagementTo celebrate its 40th anniversary and meet the financial needs of customers at different stages of life, CTF Life has launched MyWealth Savings Insurance Plan 2 (MyWealth 2), building on the success of its MyWealth Savings Insurance Plan (MyWealth 1). The new plan features the first-in-market1 “Wealth Booster Option” 2, which allows customers to change the amount components under the policy to help enhance the projected returns. The plan’s special-in-market1 “Wealth Accumulation Switching Options” 3 give customers greater autonomy to cater their investment preferences at different life stages. MyWealth 2 features “Dual Succession”, which allows unlimited changes of Insured4 and entitles the policy owner to assign up to two beneficiaries for legacy planning, ensuring the continuation of the policy and maximising the efficacy of wealth inheritance.Jarita Kwan, Chief Product Officer of CTF Life, said, “Based on the thoughtful features of MyWealth 1, CTF Life has launched MyWealth 2 to meet the financial needs of customers at different stages of life. Taking USD policy as an example, MyWealth 2 offers a shorter breakeven period, higher projected returns, and greater flexibility. It enhances withdrawal advantages, allowing customers to seize market opportunities in a timely manner, helping wealth accumulation and inheritance.”The three main advantages of MyWealth 21.Shorter breakeven periods, higher projected returns and more flexible withdrawal arrangements- With a five-year premium payment period5, customers can achieve total breakeven and guaranteed breakeven on the 7th and 13th policy anniversaries, respectively. Furthermore, the total policy value is projected to exceed 200% of the total premiums paid by the end of the 17th policy anniversary. Moreover, MyWealth 2 offers potentially higher projected returns than MyWealth 1.- Building on the strengths of MyWealth 1, MyWealth 2 offers more flexible withdrawal arrangements to meet the needs of customers at various stages of life.2.Greater autonomy- First-in-market1 “Wealth Booster Option” 2: On the 10th policy anniversary or any policy anniversary thereafter, customers can apply once to exercise the first-in-market1 “Wealth Booster Option”2 . This allows customers to change the amount components# under the policy according to the long-term target asset allocation under this option in order to enhance the projected return of their policy.- “Wealth Accumulation Switching Option” 3: The 3 special-in-market1 Switching Options, including “Advance”, “Balanced” and “Conservative”, allow customers the flexibility to choose the value ratio of their “Stable Asset Account” 6 from three preset Switching Options, starting from the 10th policy anniversary, fulfilling their financial needs at different stages of life. MyWealth 2 allows customers to apply for this option five years earlier than with MyWealth 1.- Free conversion of the policy currency: On the 3rd policy anniversary and any policy anniversary thereafter, customers can apply to exercise the “Currency Switching Option”, changing the policy currency of the basic plan to a different currency (US dollar, Hong Kong dollar, Chinese yuan, British pound sterling, Euro, Singapore dollar, Australian dollar or Canadian dollar), accommodating their global wealth management goals.- “Policy Split Option” 7: After the end of the 5th policy year or the end of the premium payment period (whichever is later), customers can split the existing policy into two by allocating a portion of the Units of the basic plan under the existing policy to a sperate “Split Policy”. The process involves splitting a policy into two, then two becomes four, and so on, allowing customers to maximise the power of asset allocation.- Premium Holiday8 of up to four years: Customers can apply for a Premium Holiday of up to four years, on or after the 2nd policy anniversary. The premium payment of their next policy anniversary will be suspended, and customers do not need to worry about the immediate termination of their policy and the loss of protection.3.Greater flexibility on inheritance- Dual Succession: After the 6th policy monthly anniversary, customers may change the Insured for unlimited times4. The coverage period will be adjusted to age 128 of the new Insured (“Changed New Insured”), allowing sufficient time for wealth accumulation of the policy. In addition, MyWealth 2 provides a “Policy Continuation Option”9, enabling the Policy Owner to assign up to two beneficiaries and specify the proportion of the Death Proceeds to be paid for each beneficiary. Upon the death of the Insured, the designated beneficiaries will become the new Insured(s), offering flexibility on inheritance.- Customised Death Benefit Settlement Option: The Policy Owner can designate a specified year or a specified age of the beneficiary to start paying the death benefit. This flexible payment allows each beneficiary to have the most appropriate arrangement, leaving a lasting legacy of love.- Premium Waiver10: Accidents or diseases are unforeseeable. MyWealth 2 offers “Waiver of Premium Benefit” and “Payor Benefit” to ensure that the accumulated wealth remains unaffected and to safeguard the financial future of the customer’s children.To help customers realise their financial plans more easily, they can enjoy a First-Year Premium Refund11 of up to 26% when they successfully apply for MyWealth 2. If all premiums payable are settled through a lump sum prepayment, the remaining balance from the prepayment will enjoy a guaranteed interest rate of up to 5% p.a. throughout the whole premium payment period12. This allows customers to start their financial plans at a lower cost.#The amount components refer to Guaranteed Cash Value, face value and cash value of accumulated Reversionary Bonuses and Terminal Bonus (if any) and accumulated value of Stable Asset Account (if any) of the basic plan.Remarks:1.“Special-in-market” and “First-in-market” are the results of comparing similar major life insurance savings products of major life insurance companies in Hong Kong as of 26 September 2024.2.Within 30 days before or after the 10th policy anniversary or every policy anniversary thereafter, customer may, subject to the prevailing rules of the Company, exercise the Wealth Booster Option to adjust the Guaranteed Cash Value, face value and cash value of accumulated Reversionary Bonuses (if any), face value and cash value of Terminal Bonus (if any), and the accumulated value of Stable Asset Account (if any) of the basic plan to other pre-set level(s) (to be determined by the Company and elaborated in an endorsement and new policy specifications) according to the new long-term target asset allocation, without providing any evidence of insurability while subject to the following conditions: (i) all premiums due and payable under the policy must be settled and any Indebtedness must be fully repaid; (ii) no Premium Holiday is in effect, no application for exercising Policy Split Option, Currency Switch Option, Wealth Accumulation Switching Option or Change of Insured Option is in progress, and no claim is in progress under the basic plan of the policy upon request exercising this Option; (iii) the request cannot be changed or withdrawn once it is submitted; and (iv) this Option can only be exercised once under the policy. After the Wealth Booster Option becomes effective, (i) the Guaranteed Cash Value, face value and cash value of Reversionary Bonus (if any), face value and cash value of Terminal Bonus (if any) and accumulated value of Stable Asset Account (if any) of the basic plan of the policy will be adjusted at the sole discretion of the Company while the Unit will remain unchanged. The future amounts of Guaranteed Cash Value, face value and cash value of Reversionary Bonus (if any), face value and cash value of Terminal Bonus (if any) will also be determined accordingly; (ii) the Wealth Accumulation Switching Option will be reset as “Advance” (i.e. the allocation and value in Stable Asset Account are both zero); (iii) all Complementary Policies (if any) and riders (if any) under the policy will remain in force after the change, subject to the then prevailing rules of the Company; (iv) the beneficiary(ies), policy owner, contingent policy owner (if designated), Initial Insured, Insured, policy currency, Policy Date, policy effective date and Policy Years of the basic plan of the policy will remain unchanged; and (v) previous instruction(s) made under the basic plan of the policy including but not limited to Death Benefit Settlement Option and Policy Continuation Option will remain unchanged unless otherwise specified. In the event that both Wealth Booster Option and Wealth Accumulation Switching Option are elected on the same policy anniversary, the Wealth Booster Option will be exercised while the elected Wealth Accumulation Switching Option will be automatically withdrawn immediately. Policy owner may elect the Wealth Accumulation Switching Option again in the next policy anniversary. As the equity-like assets in the new long-term target asset allocation are relatively higher, the Guaranteed Cash Value may be subject to reduction and the risk may increase accordingly after the Wealth Booster Option has been exercised. If customer has any questions, customer can contact financial consultant for more details or seek independent professional advice. Please refer to the Policy Provisions for more details of the Wealth Booster Option.3.Wealth Accumulation Switching Options and its portfolio ratioSwitching option(s)“Stable Asset Account” allocationAllocation of the cash value of Reversionary Bonus (if any)and cash value of Terminal Bonus (if any)Advance0%100%Balanced40%60%Conservative80%20%“Stable Asset Account Allocation” = the value of “Stable Asset Account” ÷ (cash value of Reversionary Bonus (if any) + cash value of Terminal Bonus (if any) + value of Stable Asset Account) x 100%Within 30 days before or after the 10th policy anniversary or every policy anniversary thereafter, customer may, subject to the prevailing rules of the Company, exercise the Wealth Accumulation Switching Option to adjust the Switching Option of the basic plan of the policy to achieve Stable Asset Account Allocation at desire of customer, subject to the following conditions: (i) the Switching Option applied for must be different from the default Switching Option of the Basic Plan of the policy (for the first exercise of this option) or the latest Switching Option as shown in our record (if customer has already exercised this option before); (ii) except the first time of exercise of this option, the switch date of each subsequent request must be separated by a period of not less than 1 year from the switch date of the preceding exercise of this option; and (iii) all indebtedness must be fully settled before exercising this option. Once the Wealth Accumulation Switching Option is exercised, we will correspondingly adjust the amount of any future cash values and face values of Reversionary Bonus and Terminal Bonus at a rate to be determined by us based on the change(s) of the cash values of Reversionary Bonus and Terminal Bonus. Once the Company approves the request of Wealth Accumulation Switching Option, we will determine the value of Stable Asset Account immediately following such exercise of Wealth Accumulation Switching Option (“Target Value”). The Target Value equals the product of Stable Asset Account Allocation of the elected Switching Option and the aggregate of (i) the accumulated value of Stable Asset Account (if any) immediately before such exercise (“Existing Value”); and (ii) the cash values of Reversionary Bonus and Terminal Bonus immediately before such exercise. We will then adjust the balance of Stable Asset Account from the Existing Value to the Target Value at the switch date, which in the case that the Existing Value is lower than the Target Value, the deficit will be resolved by transferring the latest cash value of Reversionary Bonus (if any) and cash value of Terminal Bonus (if any) to the Stable Asset Account; or in the case that the Existing Value is higher than the Target Value, the surplus from the Stable Asset Account will become the cash value of Reversionary Bonus and cash value of Terminal Bonus. In the event that both Wealth Booster Option and Wealth Accumulation Switching Option are elected on the same policy anniversary, the Wealth Booster Option will be exercised while the elected Wealth Accumulation Switching Option will be automatically withdrawn immediately. Policy Owner may elect the Wealth Accumulation Switching Option again in the next policy anniversary. Please refer to the Policy Provisions for more details of the Wealth Accumulation Switching Option.4.Changing the Insured is subject to the prevailing administrative rules and designated requirements. The Unit, Guaranteed Cash Value, the face value of accumulated Reversionary Bonuses (if any) and the face value of Terminal Bonus (if any), any accumulated value of Stable Asset Account, Policy Date and Policy Years will remain the same on the Insured-Change Effective Date while the Plan End Date will be adjusted to the date of policy anniversary on the 128th birthday of the Changed New Insured or following the 128th birthday of the Changed New Insured (whichever is applicable). The Changed New Insured must be aged 64 (last birthday) or below. The change of Insured must be endorsed by the Policy Owner, proposed new Insured and Assignee (if any). Both the new Insured and the current Insured must be alive and the policy is in force at the time the Insured is changed and provided with satisfactory proof of evidence of insurability for the proposed new Insured. We shall cease to provide any coverage for the initial Insured or the prior Insured on our record (when applicable and as the case may be) as from the Insured-Change Effective Date. All riders (if any) will be terminated on the Insured-Change Effective Date. Please refer to the Policy Provisions for details of Changing of Insured Option.5.This is an example of a policy denominated in USD with a 5-year premium payment period. The annual premium payment is US$100,000, resulting in a total premiums paid of US$500,000, without exercising any policy options.6.Account determined in accordance with the Wealth Accumulation Switching Option provision in which its long-term target asset allocation is 100% in fixed income type securities. The value in the Stable Asset Account will be accumulated at such interest rate as may be declared by us from time to time. Interest rates on the Stable Asset Account are not guaranteed and may even be 0% in any year.7.While the policy is in force and the Insured is still alive, after the end of the 5th Policy Year (Applicable to MyWealth Savings Insurance Plan 2 (Premier))/while the policy is in force and the Insured is still alive, after the end of the 5th Policy Year or the end of the premium payment period (whichever is later) (Applicable to MyWealth Savings Insurance Plan 2 (Prestige)), and subject to the prevailing rules of the Company, customer may exercise Policy Split Option to create a separate policy (the “Split Policy”), allocating a portion of Unit from the basic plan of the policy to the Split Policy but subject to the following conditions without providing any evidence of insurability: (i) after the policy Split Option has been exercised (the “Split”), the respective Unit of the basic plan of the policy and Split Policy must not be less than the minimum Unit amount we permit at the time of the request of customer; (ii) the insured of the Split Policy must be the same as the Insured of the basic plan of the policy; (iii) no claim is in progress under the basic plan of the policy upon request exercising this option; (iv) customer’s request for the policy Split Option cannot be changed or withdrawn once it is submitted; (v) any indebtedness under the basic plan of the policy must be fully repaid before we approve customer’s request ; and (vi) Policy Split Option can only be exercised once during a Policy Year. After the Split is approved, (i) the provisions of the Split Policy will be the same as the basic plan of the policy unless otherwise specified; (ii) the Unit, face value and cash value of Reversionary Bonus and Terminal Bonus (if any), accumulated value of Stable Asset Account (if any) will be reduced and transferred to the Split Policy according to the ratio of the Unit allocated to the basic plan of the policy and the Split Policy. We will determine the existing and future amounts of Guaranteed Cash Value, the face value and cash value of Reversionary Bonus and Terminal Bonus (if any); and future premium respectively for both the basic plan of the policy and the Split Policy according to customer’s allocation of the Units; (iii) the total premiums paid for both the basic plan of the policy and the Split Policy will be adjusted according to customer’s allocation of Units and will be used to calculate death benefit; (iv) subject to the rules of the Company, all riders (if any) under the policy will continue to be effective after the Split; (v) the beneficiary(ies), Policy Owner, Contingent Policy Owner (if designated), Initial Insured, Insured, Policy Currency, Policy Date, Policy Effective Date and Policy Years of the basic plan of this Policy will remain unchanged and the Split Policy will have the same beneficiary(ies), Policy Owner, Contingent Policy Owner (if designated), Initial Insured, Insured, Policy Currency, Policy Date, Policy Effective Date and Policy Years of the basic plan of this Policy; and (vi) previous instruction(s) made under the basic plan of the policy including but not limited to Wealth Accumulation Switching Option, Wealth Booster Option, Death Benefit Settlement Option and Policy Continuation Option will also apply to the Split Policy unless otherwise specified. The Split Policy will be effective only after its policy provisions and policy specifications are issued. Please refers to the Policy Provisions for more details of Policy Split Option.8.Premium Holiday is not applicable to the policy with a 2-year premium payment period. The length of a Premium Holiday for each application should be a multiple of 1 year until it reaches the maximum limit. Premium Holiday is only applicable to the basic plan and will be effective on the next policy anniversary, but all riders attached to the policy will be terminated at the same time. We will defer the premium end date and premium due date according to the Premium Holiday Period approved. Riders attached to the policy can be re-attached after Premium Holiday, however, the premium and approval should be subject to rider application at that time. During the Premium Holiday, customer does not need to pay premiums for the basic plan, the Units, Guaranteed Cash Value, the face value of accumulated Reversionary Bonuses (if any), accumulated value of Stable Asset Account and protection under the basic plan will remain unchanged during the period, provided that customer has not partially surrendered during the Premium Holiday. The cash value of Reversionary Bonus and Terminal Bonus (if any) are non-guaranteed. During the Premium Holiday, we will not declare any face value of non-guaranteed Reversionary Bonus. Please refer to the Policy Provisions for details of Premium Holiday.9.Prior to the death of the Insured, the Policy Owner can assign one or two beneficiary(ies) for the Policy Continuation Option and specify the proportion of the Death Proceeds to be paid to each beneficiary for the Policy Continuation Option. Upon the death of the Insured, if the Policy Owner (still alive) and the Insured are different persons, the beneficiary will become the Continued New Insured; if the Policy Owner died at the same time or the Policy Owner and the Insured is the same person, subject to the prevailing administrative rules of the Company, the beneficiary will become the new Policy Owner and Continued New Insured of the policy in order to keep the policy in force after the Insured dies. If Policy Continuation Option has been exercised, and (i) only one beneficiary is designated under the policy and such beneficiary has been elected for the Policy Continuation Option prior to the death of the Insured, after this option has been exercised, all Units, Total Premiums Paid, Guaranteed Cash Value, the face value of accumulated Reversionary Bonuses (if any), the face value of Terminal Bonus (if any) and any accumulated value of Stable Asset Account (if any), Policy Date and Policy Years will remain unchanged on the Policy Continuation Effective Date, while the respective plan end date of the basic plan of the policy will be adjusted to the date of policy anniversary on the 128th birthday of the Continued New Insured or the immediately following policy anniversary (whenever is applicable); (ii) if there is more than one beneficiary designated under the policy and one or two beneficiary(ies) has/have been elected for the Policy Continuation Option prior to the death of the Insured, one or two basic plan(s) of the policy will be created upon the death of the Insured, and regarding each newly created basic plan, the respective unit, Total Premiums Paid, Guaranteed Cash Value, the respective face value of accumulated Reversionary Bonuses (if any) and the respective face value of Terminal Bonus (if any) and any respective accumulated values of the Stable Asset Account will be adjusted according to the proportion of the Death Proceeds specified by the Policy Owner for each beneficiary selected for the Policy Continuation Option. The respective Policy Date and Policy Years will remain unchanged on the Policy Continuation Effective Date, while the respective plan end date of the basic plan of the policy will be adjusted to the date of policy anniversary on the 128th birthday of the Continued New Insured or the immediately following policy anniversary (whenever is applicable). The surrender payment may be equal to or lower than death benefit before this option has been exercised. If the Death Benefit Settlement Option has already been selected for the beneficiary who has also been elected for the Policy Continuation Option, customer shall cancel the Death Benefit Settlement Option arrangement for such beneficiary before submission of any written request for the Policy Continuation Option. All riders (if any) will be terminated on the Policy Continuation Effective Date. For the beneficiary(ies) who has/have not been elected for the Policy Continuation Option (if any), the Death Benefit will be paid to each of these beneficiary(ies) in a lump sum or the respective option under the Death Benefit Settlement Option provision elected by the Policy Owner. If the Policy Owner has selected both Policy Continuation Option and Death Benefit Settlement Option, Policy Continuation Option will automatically be exercised (regardless of the order of selection). After Policy Continuation Option has been exercised, the Policy Continuation Option and Death Benefit Settlement Option previously selected by the Policy Owner will automatically become invalid Please refer to the Policy Provisions for details of Policy Continuation Option.10.There are 2 types of premium waivers: (i) “Waiver of Premium Benefit” is applicable to the Insured whose age at policy issuance or the change of Insured is between 18 and 60 and is the Policy Owner at the same time, and is diagnosed with total permanent disability before the age of 75. (ii) “Payor Benefit” is applicable to the latest Insured whose age at policy issuance or the change of the Insured is at the age 17 or below; the latest Policy Owner (including contingent Policy Owner) whose age at policy issuance or the change of the Policy Owner (including Contingent Policy Owner) is at the age of 60 or below, and dies or is diagnosed with total permanent disability before the age of 75. After the waived premium of the basic plan reaches the maximum total amount of premium waived (per Insured) and/ or on the waiver of premium end date (until the premium end date that is set at the time of policy issuance), the Policy Owner should pay the remaining premium; otherwise, the automatic premium loan will be applied, or the policy will be terminated. In addition to the premiums stated above, if premiums falling due in the relevant Waiver of Premium Benefit Period are paid before we approve a claim of this benefit, such premiums will be fully refunded (with no interest). If the incident is resulted from accident, immediate protection will be given. If a person dies or is diagnosed with total permanent disability due to illness, a 2-year waiting period is required. Please refer to the Policy Provisions for details of “Waiver of Premium Benefit” and “Payor Benefit”.11. Subject to terms and conditions, for details, please refer toMyWealth Savings Insurance Plan 2 (Prestige) First-Year Premium Refund:https://www.ctflife.com.hk/pdf/en/mywealth-savings-2-prestige-insurance-plan-premium-refund-flyer.pdfMyWealth Savings Insurance Plan 2 (Premier) First-Year Premium Refund:https://www.ctflife.com.hk/pdf/en/mywealth-savings-2-premier-insurance-plan-premium-refund-flyer.pdf12. Subject to terms and conditions, for details, please refer tohttps://www.ctflife.com.hk/pdf/en/guaranteed-interest-rate-for-prepaid-premium-offer-promotion-flyer.pdfImportant notice:- The information contained in this press release is intended as a general summary of information for reference only. MyWealth Savings Insurance Plan 2 features Prestige Version and Premier Version. For more details, please refer to the product brochures, promotion leaflets, and policy documents. For details regarding the CTF Life MyWealth Savings Insurance Plan 2, the terms and conditions of the policy contract shall prevail.- This press release does not contain the full provisions of MyWealth Savings Insurance Plan 2, and the full terms can be found in the Policy documents. MyWealth Savings Insurance Plan 2 may serve as standalone plan(s) without bundling with other type(s) of insurance product. Please refer to the main product brochure and policy terms and conditions, as well as the explanatory documents provided by your licensed insurance intermediary, to fully understand the details and complete terms and conditions regarding the mentioned definitions, fees, product features, exclusions, and compensation payment conditions related to the MyWealth Savings Insurance Plan 2.- Please refer to the product brochure for more information on MyWealth Savings Insurance Plan 2 (Prestige): https://www.ctflife.com.hk/pdf/en/mywealth-savings-2-prestige-insurance-plan-brochure.pdf- Please refer to the product brochure for more information on MyWealth Savings Insurance Plan 2 (Premier): https://www.ctflife.com.hk/pdf/en/mywealth-savings-2-premier-insurance-plan-brochure.pdf- For further details, please contact CTF Life’s Customer Service Hotline on +852 2866 8898.- This press release is intended to be distributed in Hong Kong only and shall not be construed as an offer to sell or a solicitation to buy or provision of any of our products outside Hong Kong. Chow Tai Fook Life Insurance Company Limited hereby declares that it has no intention to offer to sell, to solicit to buy or to provide any of its products in any jurisdiction other than Hong Kong in which such offer to sell or solicitation to buy or provision of any product of Chow Tai Fook Life Insurance Company Limited is illegal under the laws of that jurisdiction. About CTF LifeChow Tai Fook Life Insurance Company Limited (“CTF Life”) is proud of its rich, nearly 40-year legacy in Hong Kong. CTF Life is a wholly-owned subsidiary of NWS Holdings Limited (Hong Kong Stock Code: 659) and one of the most well-established life insurance companies in Hong Kong. As a member of Chow Tai Fook Enterprises Limited, CTF Life consistently strengthens its collaboration with the diverse conglomerate of the Cheng family (“Chow Tai Fook Group” or “the Group”) to support customers and their loved ones in navigating life’s journey with personalised planning solutions, lifelong protection and diverse lifestyle experiences. By leveraging the Group’s robust financial strength and strategic investments across the globe, CTF Life aspires to become a leading insurance company in the Greater Bay Area while continuously creating value beyond insurance.Media enquiriesCTF LifeSuki Kwong+852 2591 8504suki.kwong@ctflife.com.hkParadigm ConsultingEvan Lu+852 6707 3281Ctflife@paradigmconsulting.com.hkChow Tai Fook Life Insurance Company Limited (Incorporated in Bermuda with limited liability) Copyright 2024 ACN Newswire via SeaPRwire.com.
SINGAPORE, Oct 15, 2024 - (ACN Newswire via SeaPRwire.com) - Ensign InfoSecurity (“Ensign”), one of Asia’s largest comprehensive cybersecurity solutions providers and a Diamond sponsor at Govware 2024, will showcase its Digital Reputation Risk Management Suite. This AI-powered, modular solution provides a comprehensive, real-time visibility and defence against digital threats that can tarnish reputations and erode stakeholder trust.As misinformation, deepfakes, and website spoofing attacks become more sophisticated, businesses face unprecedented risks to their reputation and market trust. A major attack can undo years of reputation building, threatening long-term relationships, customer loyalty, and business growth. Organisations need more than just isolated alerts – they need a unified, real-time platform offering a comprehensive suite of solutions to provide early warning, scam protection, and brand monitoring across the deep and dark web. This approach enables seamless collaboration, allowing teams to anticipate and stop threats before they cause significant damage, ensuring the business not only runs smoothly but thrives.The ZEUS Engine: Cyber Central Command System (C3S) for Reputation Risk ManagementAt the core of Ensign’s Digital Reputation Risk Management Suite is our proprietary ZEUS Engine, a field-tested AI-powered solution that provides a unified view of an organisation’s digital reputation. By leveraging advanced anomaly detection and real-time analytics, ZEUS identifies malicious activity, correlates it with other attacks, and assesses whether the organisation is facing isolated incidents or a more coordinated campaign that warrants urgent action. This precision helps leaders make faster and better-informed decisions, preventing small issues from escalating into full-blown crises. With this comprehensive solution, businesses can:Identify and mitigate reputational threats and risks in real time, including assessing potential coordinated campaign activity.Proactively manage their digital reputation by monitoring misinformation and website spoofing attempts.Gain insights into the attacker’s tactics and how they view your organisation.Key Features of the Digital Reputation Risk Management SuiteThe suite consists of three modular solutions designed to offer comprehensive protection across multiple threat vectors:1. Anti-Scam ModulePhishing scams and digital fraud are constantly evolving, posing serious risks to organisations’ data integrity and brand trust. This module uses AI to identify and block these sophisticated attacks in real time. It combines advanced threat intelligence and machine learning analytics to detect deepfakes, phishing attempts, and fraud, offering actionable insights that empower organisations to mitigate risks quickly and decisively.The Anti-Scam Module is supported by:Ensign Aletheia detects deepfakes in real time within seconds, on-device, across multiple modalities (audio and video), with up to 90% accuracy, safeguarding organisations from sophisticated digital frauds.Ensign Helios combats phishing attacks by using advanced AI to detect malicious emails and protect against frauds.2. Early Warning Module:Waiting for a cyberattack is no longer an option. This module continuously scans an organisation’s digital footprint for potential vulnerabilities and suspicious activity. With advanced detection capabilities, it identifies exposed assets and vulnerabilities, enabling businesses to take proactive steps to secure their environment before malicious actors can strike.The Early Warning Module is supported by:Ensign Aegis, enhanced with proprietary telemetry, provides a comprehensive view of external-facing assets, identifying vulnerabilities before they are exploited to keep organisations ahead of threats.Ensign Ares monitors threat exposure, analysing vulnerabilities in real time to prioritise and mitigate risks.3. Brand Monitoring Module:In a world where misinformation and disinformation can spread rapidly, it is critical for businesses to have real-time oversight of their brand’s digital presence. This module continuously tracks online sentiment, leaked sensitive information, social media conversations, and digital channels to detect potential reputational threats. It allows organisations to respond swiftly, ensuring they can take control of the narrative and safeguard their reputation before false information causes irreparable damage.The Brand Monitoring Module is supported by:Ensign Hermes utilises AI-powered natural language processing to monitor online sentiment and detect misinformation, disinformation, and mal-information to protect brand reputation.Ensign Athena delivers proactive cyber threat intelligence, providing early warnings and actionable insights to defend against evolving threats.(For more information on Ensign’s Digital Reputation Risk Management Suite, please scan the QR code on page 3)“As the digital landscape becomes increasingly complex, businesses face threats that go beyond financial loss, directly impacting trust and reputation,” said Tammie Tham, Group CEO, Ensign InfoSecurity. “At Ensign, we have developed a solution that combines the best in people, processes, and technology. By working closely with boards and C-suites, we gain a deep understanding of their unique challenges, leveraging our proprietary AI, threat intelligence, and telemetry solutions, setting us apart from others. This suite is designed to keep organisations ahead of threats and safeguard the trust that underpins their success.”Join us at GovWare 2024, from 15th -17th October at Booth H02, Sands Expo Convention Centre, Singapore, and discover how our patented AI-powered cybersecurity solutions are designed to protect your reputation.About Ensign InfoSecurityEnsign InfoSecurity is the largest comprehensive cybersecurity service provider in Asia. Headquartered in Singapore, Ensign offers bespoke solutions and services to address their clients’ cybersecurity needs. Their core competencies are in the provision of cybersecurity advisory and assurance services, architecture design and systems integration services, and managed security services for advanced threat detection, threat hunting, and incident response. Underpinning these competencies is in-house research and development in cybersecurity. Ensign has two decades of proven track record as a trusted and relevant service provider, serving clients from the public and private sectors in the Asia Pacific region.For more information, visit www.ensigninfosecurity.com or email media@ensigninfosecurity.com.Scan this QR code for more information on Ensign’s Digital Reputation Risk Management Suite. Copyright 2024 ACN Newswire via SeaPRwire.com.
DUBAI, Oct 15, 2024 - (ACN Newswire via SeaPRwire.com) - The Global Blockchain Show is pleased to announce its second edition, taking place on December 12 and 13, 2024 at the Grand Hyatt Exhibition Centre, Dubai. Organized by web3 and artificial intelligence consulting giant VAP Group, the two-day show will provide an opportunity to network with the top 1% of the web3 community by bringing together founders, solution providers, experts and enthusiasts from around the world under one roof.“The Global Blockchain Show is more than just a one-time event. It is designed to be the ultimate blockchain mixer where attendees will go on a continuous journey through the dynamic world of blockchain technology and unwind with the ‘who’s who’ of the industry,” said Vishal Parmar, Founder and Chief Executive Officer of VAP Group.Speakers such as:Yat Siu – Co-Founder and Chairman, Animoca BrandsDr. Marwan Alzarouni – CEO/CEO AI, Dubai Blockchain Center/Dubai Economy & TourismH.E. Justin Sun – Founder/Global Advisory Board, TRON/HTX Global Advisory BoardRachel Conlan – Global Chief Marketing Officer, BinanceMr. Ahmed Bin Sulayem – Executive Chairman and CEO, DMCCJason Allegrante – Chief Legal and Compliance Officer, FireblocksPierre Samaties – Chief Business Officer, DFINITYMarcello Mari – Founder & Chief Executive Officer, SingularityDAODavid Palmer – Chief Product Officer, Co-founder, VodafoneAlicia Kao – Managing Director, KuCoin… and many more will deliver groundbreaking insights and announcements at the highest level.Themes including digital currency, blockchain regulations and web3 gaming will deep-dive into real-life applications, while workshops will provide practical ‘how-to’ frameworks, models, implementation guidance, and success metrics.The Global Blockchain Show is the only event that gives you a 360-degree roadmap of how individuals can leverage blockchain technology effectively. And it does not stop there. Monthly virtual roundtable conferences, quarterly reports, private project meetings and much more are set to take place all year round to ensure that the story of blockchain’s impact, innovation and integration is told in its entirety.Additionally, the Global Blockchain Show is led by a multidisciplinary advisory board, composed of industry leaders and experts such as Ida Mok, Chief Strategy Officer, W3GG, President, Women in Blockchain Asia; Christian Gleich, International Ambassador, European Blockchain Association; Nena Dokuzov, Coordinator, Strategy of Digital Transformation of Economy, Ministry of the Economy, Tourism, and Sport, Slovenia, among others. The board will regularly meet to discuss key industry developments through the year as well as be the committee steering the discussions that happen live on stage.“With a community of over 110,000, the Ultimate Blockchain Season Finale is set to open up opportunities to network with some of the most influential voices in the industry, all gathered together in a common area,” said Vishal Parmar.So what are you waiting for? Head to: https://www.globalblockchainshow.com/tickets/ and grab your tickets to attend the grand finale of events this year.About VAP GroupVAP Group, established in 2013, is a leading force in Web3 and AI solutions, offering services in PR, advertising, recruitment, content development, and events and media management. Led by CEO Vishal Parmar, VAP Group continues to drive innovation through strategic PR and influencer marketing, bounty campaigns, and global conferences. Their flagship events, the Global Blockchain Show and Global AI Show, showcase the brightest minds in these transformative fields. Known for its creativity and forward-thinking approach, VAP Group remains at the forefront of blockchain and AI consultancy.For media inquiries, exclusive interviews, or press passes, please reach out to: media@globalblockchainshow.com Copyright 2024 ACN Newswire via SeaPRwire.com.
KUALA LUMPUR, Oct 15, 2024 - (ACN Newswire via SeaPRwire.com) - Cropmate Berhad (“Cropmate” or the “Company”), one of the key players in the fertiliser industry in Malaysia, is pleased to announce that it has signed an underwriting agreement with Hong Leong Investment Bank Berhad (“HLIB”) for its upcoming initial public offering (“IPO”) on the ACE Market of Bursa Malaysia Securities Berhad (“Bursa Securities”).Mr. Lee Cheng Seng, Executive Director of Cropmate Berhad; Mr. Lee Chin Yok, Managing Director of Cropmate Berhad; Ms. Lee Jim Leng,Group Managing Director/Chief Executive Officer of Hong Leong Investment Bank Berhad; Mr. Lee Cheng Fei, Executive Director of Cropmate Berhad[L-R]The IPO exercise, as outlined in the Company’s draft prospectus, will involve the public issue of 210.0 million new ordinary shares in Cropmate, representing 28.4% of the enlarged issued share capital, with offer for sale of 50.0 million existing shares, representing 6.8% of the enlarged issued share capital of 738.0 million ordinary shares.The allocation of the IPO shares will be offered as follows: -1. Institutional offering of approximately 208.34 million IPO Shares, representing 28.2% of the enlarged issued share capital:a. 92.25 million IPO shares reserved for Bumiputera investors approved by the Ministry of Investment, Trade and Industry (“MITI”), including 42.25 million new ordinary shares and 50.00 million existing shares;b. 116.09 million IPO shares allocated to other institutional and selected investors.2. Retail offering of 51.66 million IPO shares, representing 7.0% of the enlarged issued share capital:a. 36.90 million IPO shares for application by the Malaysian public via balloting, equally allocated between Bumiputera (representing 2.5% of the enlarged issued share capital) and non-Bumiputera (representing 2.5% of the enlarged issued share capital) investors.b. 14.76 million IPO shares reserved for application by eligible directors, eligible employees, and persons who have contributed to the success of the Company.HLIB will act as the Principal Adviser, Sponsor, Underwriter, and Bookrunner, and will underwrite the entire 51.66 million IPO shares offered under the retail offering of the IPO.Managing Director of Cropmate Berhad, Mr. Lee Chin Yok, commented, “This IPO marks a key milestone in Cropmate’s journey, as we are the first-ever pure-play fertiliser company to be listed on Bursa Malaysia. Partnering with HLIB will help us solidify our market position as an established fertiliser manufacturer in Malaysia. The funds raised will be used to fund our working capital requirements in tandem with our production activities as our business grow, particularly under our specialty fertiliser segment to meet the needs of orchard operators, especially within the growing durian market. These resources will also support upgrades to our production facilities and the establishment of a research and development laboratory to enhance innovation.”He also added, “The funds will play a pivotal role in helping us expand our manufacturing capabilities, ensuring that we can continue to supply the market with high-quality fertilisers and maintain our establishment in the agricultural sector.”Group Managing Director/Chief Executive Officer of HLIB, Ms. Lee Jim Leng said: "We are pleased to have played a key role in Cropmate Berhad’s IPO journey. We strongly believe that Cropmate’s listing status will, without doubt, boost its branding and company profile amongst the plantation and orchard owners both in Malaysia and in the region. We are confident that this listing will be a significant step forward for the Company.The listing of Cropmate on Bursa Securities will also provide a robust platform for the company to embark on its next phase of growth and aligns its long-term vision to solidify its position in fertiliser industry.Issued By: Swan Consultancy Sdn. Bhd. on behalf of Cropmate BerhadFor more information, please contact:Jazzmin WanEmail: j.wan@swanconsultancy.bizWilliam YeoEmail: w.yeo@swanconsultancy.biz Copyright 2024 ACN Newswire via SeaPRwire.com.
SINGAPORE, Oct 15, 2024 - (ACN Newswire via SeaPRwire.com) - The Global Anti-Scam Alliance (GASA) has released the highly anticipated 2024 Asia Scam Report. Based on survey responses from 24,731 consumers across Asia, this annual report offers insights into the growing threat posed by scammers and their increasingly sophisticated tactics.GASA's Asia Scam Report 2024Individual survey responses were extrapolated to report an estimated total loss of $688.42 billion over the last 12 months, a figure that represents a significant portion of the estimated $1.026 trillion global scam losses reported in GASA's 2023 data. This year's report highlights key trends such as the rise of AI-generated scam messages and the surge in social media-related fraud.Key Findings from the 2024 Asia Scam Report:Rapid Revictimization: Scam victims across Asia tend to be scammed repeatedly after they have been successfully targeted once.Singapore (-40%) and Japan (-17%) have reported a noteworthy reduction in average scam loss per victim, indicating the effectiveness of preventive measures while other countries have seen increases. In Singapore, initiatives such as the co-location of police and banks has contributed to an efficient crackdown on scams.Dominance of Social Media Scams: Some leading platforms have seen an increase in scam activity, with many users looking for social platforms to address fraudulent ads and fake accounts.Top Scams by Category: Identity theft, investment scams, and shopping scams remain the leading threats across the region, with scammers targeting individuals through a range of channels, including phone calls, social media, and text messages.Scam Prevention and Cross-Sector Collaboration in Focus at GASS Asia SummitAs Foundation Partners of GASA, Mastercard and ScamAdviser sponsored this report and will engage deeply in scam prevention discussions and partnerships at the Global Anti-Scam Summit (GASS) Asia Summit on October 20-21. The event, in Singapore, is a key gathering for stakeholders across sectors to joint actions against perpetrators of scams. With Amazon, Google, and other global organizations participating, the event will focus on best practices and new strategies in financial fraud, AI misuse, and consumer protection strategies.For more information and to download the full 2024 Asia Scam Report, visit GASA's official website.Contact InformationSam RogersMarketing Director, Global Anti-Scam Alliancesam.rogers@gasa.orgSOURCE: Global Anti-Scam Alliance (GASA) Copyright 2024 ACN Newswire via SeaPRwire.com.
NEW YORK, Oct 15, 2024 - (ACN Newswire via SeaPRwire.com) - On the occasion of Bitcoin's 15th anniversary, renowned artist Frédéric Imbert unveils The Bitcoin Masterpiece, an innovative work that fuses art and technology. This limited edition collection consists of 99 pieces. The artwork pushes the boundaries of art while carving its place in the history of the crypto space.The Bitcoin Masterpiece: An Artwork Reflecting the Bitcoin RevolutionAn exceptional piece of art is set to leave its mark on the history of cryptocurrency. Frédéric Imbert, alongside his son Bastien Imbert, is preparing to launch The Bitcoin Masterpiece, a groundbreaking creation inspired by the Bitcoin logo, merging art with cutting-edge technology.This work stands out with its sleek and sophisticated design. The carbon and aluminum frame, measuring 95 cm x 95 cm x 5 cm and weighing 12.8 kg, incorporates advanced electronic components. Using 146 glass displays and 217 low-pressure neon lamps, the piece lights up the Bitcoin logo second by second, through successive patterns, creating a stunning visual effect. Frédéric Imbert meticulously hand-assembles each piece in his Paris workshop, ensuring exceptional quality.The artwork offers a dynamic and captivating representation of the Bitcoin universe. It incorporates several interactive elements, making it a living and evolving piece:Progressive and random illuminations of the Bitcoin logoReal-time display of Bitcoin's market price, allowing for real-time tracking of its fluctuationsPresentation of essential Bitcoin-related data, providing an overview of the ecosystemThis fusion of art and technology transforms each piece into a gateway to the crypto world, while maintaining a refined aesthetic worthy of the most prestigious contemporary art pieces.The Limited Edition for Enthusiasts and CollectorsThe Bitcoin Masterpiece collection is available in 99 numbered pieces. Each piece, unique and customizable upon request, receives the artist's meticulous attention. Its rarity, combined with artisanal quality and technological innovation, makes it a potential investment for art collectors and crypto enthusiasts alike.Each piece is priced at 1 Bitcoin, reflecting the ambition of the project, its symbolism, and its deep connection to the leading cryptocurrency.The Bitcoin Masterpiece will debut at an exclusive vernissage held at The Outpost, a private mansion in the heart of Paris's 17th arrondissement. The event that will take place on October 23rd will mark the official launch of the collection.To register for the event, visit: https://lu.ma/afep9ro4The Visionary Artist Behind The Bitcoin MasterpieceFrédéric Imbert, the creative mind behind The Bitcoin Masterpiece, is a renowned artist and engineer. Born in Monaco and based near Paris, he has distinguished himself for more than two decades by his ability to fuse art and science into unique contemporary creations.His passion for electronics and intricate watchmaking is reflected in each of his works, which often incorporate rare and iconic electronic components. Imbert's distinctive style is characterized by the use of vintage and modern parts, creating visual symphonies that celebrate the passage of time and pay homage to technological and architectural icons.The Collection Backed by Esteemed PartnersThe Bitcoin Masterpiece is already supported by several renowned partners in the crypto and digital art industries. These collaborations will help boost the artwork's visibility and strengthen its position in the world of crypto art.The Bitcoin Masterpiece represents the convergence of technological innovation and artistic expression. This creation by Frédéric Imbert offers collectors, cryptocurrency enthusiasts, and digital art lovers the chance to own a work that stands at the crossroads of these worlds. The Bitcoin Masterpiece is destined to become a symbol of the crypto era in the art world.Social LinksTwitter : @BTC_MasterpieceInstagram : thebitcoinmasterpieceEvent : https://lu.ma/afep9ro4Media ContactBrand: The Bitcoin MasterpieceContact: Media teamWebsite: https://www.thebitcoinmasterpiece.com Copyright 2024 ACN Newswire via SeaPRwire.com.
