NIELSENIQ ANNOUNCES NEW CHIEF FINANCIAL OFFICER

Michael Burwell to be appointed CFO effective January 3, 2023


CHICAGO, Nov 30 (Bernama-BUSINESS WIRE) -- NielsenIQ, the leading global consumer intelligence company, today announced that Michael (Mike) Burwell will join the company as Chief Financial Officer, effective January 3, 2023. Burwell brings a wealth of experience in capital markets and global financial leadership to the role.

With NielsenIQ’s acquisition by Advent International long complete, and the company’s transformation well underway, Chandler Bigelow will leave NielsenIQ after a transition period on January 31, 2023.

Burwell has led multiple finance organizations and worked with capital markets on behalf of publicly traded companies. Most recently, he served as the CFO of privately held Datavant, a health analytics company that is working to connect the world’s health data. Prior to that, he was the CFO of Willis Towers Watson, a publicly traded data and insights-driven global advisory company. Burwell spent over 32 years in a number of senior leadership positions at PwC, where he assisted companies with mergers and acquisitions, IPOs, valuation, and integration.

“We are thrilled to welcome Mike Burwell to the NielsenIQ team at this critical moment in our transformation,” said Jim Peck, Executive Chairman and Chief Executive Officer. “Mike's experience will help support our efforts in driving sustainable growth, managing our cost base, and executing our strategic initiatives. I would like to thank Chandler Bigelow for his tireless leadership in navigating NielsenIQ’s acquisition by Advent International, as well as our own M&A activity and growth strategy. He has been a great business partner and friend, and I wish him well in all his future endeavors.”

''I am honored to have this opportunity to join NielsenIQ. In all my interactions with the company and its people, I have been impressed with the strength of leadership, commitment to clients and collaborative and inclusive culture. I look forward to contributing to the future success of the company,” said Mike Burwell.

About NielsenIQ

NielsenIQ, a global consumer intelligence company, delivers the gold standard in consumer and retail measurement, through the most connected, complete, and actionable understanding of the evolving global, omnichannel consumer. NielsenIQ is the source of confidence for the industries we serve and the pioneer defining the next century of consumer and retail measurement. Our data, connected insights, and predictive analytics optimize the performance of CPG and retail companies, bringing them closer to the communities they serve and helping to power their growth.

NielsenIQ, an Advent International portfolio company, has operations in 90+ markets, covering more than 90% of the world’s population. For more information, visit NielsenIQ.com

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Contact

Gillian Mosher, gillian.mosher@nielseniq.com

Source : NielsenIQ

TATE CORPORATION TO PRESENT SPECIAL NIGHT TRIBUTE TO LUCIANO PAVAROTTI BY PLACIDO DOMINGO & JOSE CARRERAS IN TOKYO ON JANUARY 26, 2023

TOKYO, Nov. 30, 2022 /Kyodo JBN-Asianet/ -
 
A special night tribute to Luciano Pavarotti by Placido Domingo and Jose Carreras, presented by Tate Corporation Co., Ltd., will be held on Thursday, January 26, 2023, from 6:30 p.m. (JST) at Tokyo Garden Theater.
 
Image1:
https://kyodonewsprwire.jp/prwfile/release/
M107443/202211220146/_prw_PI1fl_A1Br3a5K.jpg
 
 
Image2:
https://kyodonewsprwire.jp/prwfile/release/
M107443/202211220146/_prw_PI6fl_oENByrVW.png
 
 
A Special night tribute to Luciano Pavarotti Placido Domingo & Jose Carreras:
Two legendary superstars will be on stage for a dream-come-true performance in Japan. It was on the eve of the world-famous soccer event in 1990 at the Baths of Caracalla in Rome that the first joint performance by the three world-renowned tenors, Domingo, Carreras and Pavarotti, took place. The tenor trio then went on a world tour, which ended in 2003. And now, 20 years later in Tokyo, Japan, Domingo and Carreras will once again have a miraculous collaboration in a concert dedicated to Pavarotti.
 
Message from Placido Domingo
"I would like to tell the audience that I am waiting for everyone to spend an evening of music together with Jose Carreras and with the extraordinary Armenian soprano Nina Minasyan, remembering with great affection and enormous admiration our dear Luciano."
 
Message video:
https://videos.kyodonewsprwire.jp/prwfile/release/
M107443/202211220146/_prw_PM1fl_41rxc44z.mp4
 
 
Concert overview
- Cast:
Placido Domingo / Jose Carreras
Special guest: Nina Minasyan (soprano)
Conductor: Marco Boemi
Orchestra: Tokyo 21c Philharmonic
Cooperation: Embassy of Spain in Japan / Embassy of Italy in Japan
 
- When: Thursday, January 26, 2023
Doors opening at 5:00 p.m. (JST)
Show starting at 6:30 p.m. (JST)
 
- Venue information: Tokyo Garden Theater
https://www.shopping-sumitomo-rd.com/tokyo_garden_theater/
 
- Ticket prices: SS 68,000 JPY / S 58,000 JPY / AA 48,000 JPY / A 38,000 JPY /
BB 28,000 JPY
 
Photo1: Placido Domingo
https://kyodonewsprwire.jp/prwfile/release/M107443/202211220146/_prw_PI3fl_Ri89Wb2n.jpg
 
 
Photo2: Jose Carreras
https://kyodonewsprwire.jp/prwfile/release/M107443/202211220146/_prw_PI4fl_XjJsHDW3.jpg
 
 
Photo3: Nina Minasyan
https://kyodonewsprwire.jp/prwfile/release/M107443/202211220146/_prw_PI5fl_l6Lam1bF.jpg
 
 
Official site: http://www.tate.jp/concert2020/Domingoeng.html
 
 
Source: Tate Corporation Co., Ltd.

2022 CHUNGBUK BEST PRODUCT PROMOTION OPENS IN SINGAPORE TO DEVELOP MARKET FOR PROMISING EXPORT COMPANIES IN CHUNGCHEONGBUK-DO PROVINCE

• 32 Korean companies exhibit and sell their products in Jurong West Central, Singapore from November 28 to November 30

CHEONGJU, South Korea & SINGAPORE, Nov 29 (Bernama-BUSINESS WIRE) -- Chungcheongbuk-do has started to secure export channels for promising exporters in North Chungcheong Province to the Singapore market.

The 2022 CHUNGBUK BEST PRODUCT PROMOTION will be held by Chungcheongbuk-do and Chungbuk Business Agency for three days from November 28 (Mon) to 30 (Wed) at JURONG POINT located in Jurong West Central, Singapore.

32 companies from Chungcheongbuk-do province will introduce excellent products to local citizens in Singapore through the event. About 83 types of excellent quality products such as food, cosmetics, quarantine products, and pet products of companies in Chungcheongbuk-do Province will be showcased and sold at the promotion.

The event will be organized in various ways such as tasting events and surveys to promote and sell Chungbuk products while consumers can experience and express their opinions on the products.

In addition, corporate visitors interested in Chungbuk products displayed at the promotional exhibition can also have a 1 on 1 business meeting at the site.

The major companies in Chungcheongbuk-do participating in the promotion are as follows.

Biopolytech (SKINUA COLLAGERN)
fromthenature (MASK TROUBLE CARE MIST)
CoreGreen Co.,Ltd (ilpoom seasoning)
Chowol red Ginseng (red ginseng: stick, jelly, candy)
Haesarang (Small Lunch Size Laver)
AK21 (INANA KF94 Mask)
HighBoss (Ayul Pure cream, Ayul Pure toner)

An official from the Chungcheongbuk-do Business Promotion Agency, the organizer of the promotion, said, “2022 CHUNGBUK BEST PRODUCT PROMOTION will be a good opportunity to promote the excellent quality products of Chungcheongbuk-do companies to the world.”

JURONG POINT, the venue for the promotion, is located in:
1 Jurong West Central 2, Singapore 648886 and the event runs from 8 a.m. to 8 p.m.

View source version on businesswire.com: 
https://www.businesswire.com/news/home/20221128005082/en/

Contact

Chungcheongbuk-do Business Agency
JUNHOKOREA
Sang Hoon Park
project-6@kocean21.com

Source : Chungbuk Business Agency

AMPLITUDE WELCOMES MARK VELTHUIS AS VICE PRESIDENT OF SALES, ASIA PACIFIC AND JAPAN

Accomplished sales and market development leader to drive regional strategy and growth

SINGAPORE, Nov 29 (Bernama-BUSINESS WIRE) -- Amplitude, Inc. (Nasdaq: AMPL), a leading digital analytics platform, today announced the appointment of Mark Velthuis as Vice President of Sales for Asia Pacific and Japan (APJ). With a track record of driving growth in the region and building high-performing teams, Velthuis will lead business development in APJ, overseeing sales and revenue growth. He will report to Matt Heinz, Amplitude’s Chief Revenue Officer.

“Your product is the best and most efficient way to grow, and it is the reason companies win or lose in the long term. So during times of economic uncertainty, it is essential that companies in APJ and around the world continue to invest in their product. That’s where Amplitude can help. We give visibility into the entire customer journey so teams can build better product experiences that lead to the right business outcomes, whether that’s increased engagement, retention, or sales,” said Heinz. “Mark deeply understands the complex business problems faced by companies in APJ and he has firsthand experience helping companies at Amplitude’s stage scale. Under Mark’s leadership, Amplitude will be ready to capture the growing demand for digital analytics in the region.”

An accomplished market development leader in the technology industry, Velthuis was most recently President of APAC at Jedox, an enterprise performance management platform. At Jedox, he tripled annual contract value sales within the region in three years. Prior to that, he was Vice President of Partnership Sales and Market Development for APJ at Commvault, where he oversaw all indirect sales channels in Asia Pacific and Japan. Before that, he served as Senior Director of Market Development in APJ at Dell EMC, where he led the market development sales team and spearheaded new market creation in the region.

“I’ve spent more than 15 years watching companies in Asia digitally transform, and there is a massive need for a product like Amplitude. Leaders need to understand the impact of their digital product investments so they can make the right bets and create products that people love,” said Velthuis. “I have always been an admirer of talent, and the Amplitude team is second to none. Combined with the #1-ranked product analytics solution, I’m confident we have all the right ingredients to make Amplitude the essential platform for APJ’s product, data, engineering, and growth leaders.”

Amplitude’s APJ headquarters is in Singapore, but it also has employees based in Australia, Japan, and across the region. Companies like onthelook in South Korea, Loco in India, WeMoney in Australia, and BandLab in Singapore rely on Amplitude and were recently recognized in its annual Product Report. Check out the report for more information on the trends, industries, strategies, and products dominating the digital landscape in APJ and around the world.

About Amplitude

Amplitude is a leading digital analytics platform. More than 1,900 customers, including Atlassian, Chick-fil-A, Marks & Spencer, NBCUniversal, Shopify, and Under Armour rely on Amplitude to gain self-service visibility into the entire customer journey. When teams understand how people are using their product, they can deliver better product experiences. With Amplitude, teams can understand what product features are working, where users are getting stuck, and what actions lead to the right outcomes. Nothing is more critical to driving revenue growth. Amplitude is the best-in-class analytics solution for product, data, and marketing teams, ranked #1 in multiple categories in G2’s 2022 Fall Report. Learn how to optimize your digital products and business at amplitude.com.

View source version on businesswire.com: 
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Contact

Communications
Darah Easton
press@amplitude.com

Source : Amplitude, Inc.

TDCX reports strong revenue growth for Q3 2022

KUALA LUMPUR, Nov 23 (Bernama) -- TDCX Inc, an award-winning digital customer experience solutions provider for technology and blue-chip companies, reported strong revenue of US$120.5 million (US$1-RM4.573) for the third quarter ended Sept 30, 2022 (Q3 2022), up 16.1 per cent year-on-year (y-o-y).

Profit for the period was US$21.6 million, up 2.3 per cent y-o-y.

Chief executive officer and founder, Laurent Junique said in a statement that the company rounded off this quarter with a strong set of results, fuelled by its solid execution capabilities.

“Our global expansion plans continue unabated with the addition of two new campuses, one in Iloilo, the Philippines and another in Istanbul, Türkiye.

“This brings us to a total of 27 campuses globally as we continue building our network. We also see a greater contribution from our four newer geographies, namely Colombia, India, Romania and South Korea, making up close to 10 per cent of the y-o-y growth in revenue for Q3 2022 against Q3 2021,” Junique added.

TDCX also recorded strong client additions by signing up 31 new logos since the start of the year, 55 per cent higher than the 20 logos for the same period in 2021.

For environmental, social and governance efforts, among others, the company has launched the TDCX Foundation as part of its commitment to support disadvantaged communities.

It also supported the launch of Google Cloud’s Point Carbon Zero Programme to catalyse the incubation and adoption of climate fintech solutions in Asia over the next three years. 

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

-- BERNAMA

TVS Motor Company opens its first Experience Centre in Singapore

KUALA LUMPUR, Nov 24 (Bernama) -- Reputable motorcycle manufacturer TVS Motor Company has inaugurated its first state-of-the-art TVS Experience Centre in Singapore in line with the company’s global expansion plans.

A statement said the new TVS Experience Centre will offer a range of premium motorcycles including its  flagship model TVS Apache RR310 for racing enthusiasts and the TVS Apache RTR range for performance seekers.

The company will also introduce diverse offerings in Singapore to cater to both consumers seeking a means to commute personally as well as a delivery premium segment.

“This centre will additionally have a vehicle servicing facility, will offer spare parts and a full range of merchandise,” it said in a statement.

Having committed for years to build its international business portfolio, TVS Motor Company has set a benchmark to cater to diverse needs of buyers across the globe.

“Our launch in Singapore is one step further in expanding globally to achieve our ambitions,” said TVS Motor Company vice president for international business Rahul Nayak.

The company has partnered Motorsport Pte Ltd, part of the Chong Aik Group, to distribute in the Singapore market.

Established in 1994, Motorsport has a strong presence in the region with six retail outlets and eight warehouses while TVS Motor Company has a 40-year history in motorsports.

-- BERNAMA

KLASJET EXPANDS PRODUCTS PORTFOLIO, ADDS BOEING 737 BBJ2 TO ITS FLEET

KUALA LUMPUR, Nov 25 (Bernama) -- KlasJet, an exclusive private and corporate jet charter company, is expanding its products portfolio by adding Boeing BBJ2, MSN 32971 jet to its fleet.

“The aircraft is set to begin operations in mid-April 2023 and will be based in Dubai. The general sales agent for this aircraft will be Chapman Freeborn UAE Dubai office,” it said in a statement.

The Boeing 737 BBJ2 is a splendid addition to KlasJet’s exclusive private aircraft fleet as it is set to cater to the specific needs of high-ranking clients travelling in smaller groups.

KlasJet chief executive officer Rita Domkute said the B737 BBJ2 will serve as an amazing choice for affluent families, government representatives, presidents, royal families, and important business delegations.

“We plan that the newly added B737 BBJ2 will allow us to strengthen our positions in the rapidly growing Middle East market as the jet is a perfect option for high-ranking individuals who are living in or visiting the region on regular basis.

“The jet is designed to meet even the most sophisticated needs of our clients. It is planned with convenience and comfort of passengers in mind, the design is created using high-quality materials,” she added.

The 23-seat aircraft is a truly exquisite project, with a spacious lounge area, an on-board bedroom and a shower.

KlasJet, which operates seven corporate and BBJ Boeing 737 from 23 to 68 seats, is a family member of Avia Solutions Group, leaders in end-to-end capacity solutions for passenger and cargo airlines worldwide.

-- BERNAMA

9TH NEW CHITOSE AIRPORT INTERNATIONAL ANIMATION FESTIVAL HELD FROM NOVEMBER 3 TO 6

AsiaNet 98932

CHITOSE, Japan, Nov. 24, 2022 /Kyodo JBN-AsiaNet/ -  

The New Chitose Airport International Animation Festival was held at New Chitose Airport and online for four days, from November 3 (Thursday) to 6 (Sunday), 2022.
 
Image:
https://kyodonewsprwire.jp/prwfile/release/M102801/202211180037/_prw_PI1fl_FqO15a5y.jpg
 
 
NEW CHITOSE 2022 Signal Film: https://youtu.be/9tcWWQiV4Bg
 
The competition screening, which is the main event of the festival, showed 76 films selected from over 2,100 submissions. An award ceremony was held on November 6 at the Portom Hall located in the international terminal building of New Chitose Airport.
 
Awards
Grand Prix for Short Films: "Backflip"
Nikita Diakur, Germany & France
 
Japan Grand Prix: "Lawless Love"
Ryuya Suzuki, Japan
 
New Talent Award: "Space"
Zhong Xian, United Kingdom & Taiwan
 
Grand Prix for Feature Films: "My Love Affair with Marriage"
Signe Baumane, Latvia, United States & Luxembourg
 
Best Student Film: "Mom, What's Up with the Dog?"
Lola Lefevre, France
 
Best Music Animation: "Sliver Cave"
Caibei Cai, mainland China
 
Kids Award & Audience Award: "A Town Called Panic: The Summer Holidays"
Vincent Patar & Stephane Aubier, France
 
All winning works can be found on the official festival website:
https://airport-anifes.jp/en
 
The festival held the "NEW CHITOSE AIRPORT PITCH 2022" where eight Japanese animation filmmakers made short presentations on their upcoming projects, with the festival office commending the following project.
 
NEW CHITOSE AIRPORT PITCH Award: "Poproy Broadcasting Station"
Project by Poproy
 
The archive movie of NEW CHITOSE AIRPORT PITCH 2022 will be available on the festival's official YouTube channel until December 10.
NEW CHITOSE AIRPORT PITCH 2022: https://youtu.be/jkvOolzEXSU
 
See more details at the official website of the festival:
https://airport-anifes.jp/en
 
 
Source: New Chitose Airport International Animation Festival Executive Committee

Locatory.com seeing steady growth, set to meet aviation industry needs

KUALA LUMPUR, Nov 22 (Bernama) -- Locatory.com, one of the world’s leading premium aircraft parts marketplaces, has been seeing steady growth for over a few years now, driven by the increase in clientele interest, driven by the continuous expansion of spare parts database.

Chief executive officer, Toma Matutyte said the company has continued to expand its spare parts database, which has been growing by 15 per cent per month.

“With cost optimisation and sustainability on everyone’s mind, the secondary aviation parts market is becoming an increasingly attractive opportunity.

“In 2022, we have received five times more requests for quotes compared to last year and are expecting this trend to continue into the next year,” she said in a statement today.

Being a tool for the simplified procurement of spare parts, Locatory.com, a family member of Avia Solutions Group, is deeply invested in the digitalisation of the process. 

“Our mission is to connect aircraft parts’ buyers and sellers via an innovative platform that enables our customers to find, buy and sell aircraft parts or repair services in commercial, original equipment manufacturer, maintenance, repair and overhaul, military and general aviation segments across the globe.

“We have a truly global team, with people from over 10 countries sharing ideas and expertise in improving the company. We have been steadily expanding by around 15 per cent each month and there are no plans of slowing down,” added Matutyte.

-- BERNAMA

MARY KAY TO ADVANCE WOMEN ENTREPRENEURSHIP DEVELOPMENT VIA IMPACT PARTNERSHIPS

KUALA LUMPUR, Nov 23 (Bernama) -- Mary Kay Inc. has reaffirmed its global commitment to women entrepreneurs through external efforts and partnerships focused on elevating and advancing women's entrepreneurship.

Marking Women’s Entrepreneurship Day on Nov 22, 2022, Mary Kay, an entrepreneurship development company operating in nearly 35 countries, has empowered women and supported their entrepreneurial aspirations for almost 60 years.

“Inspired by our mission as an entrepreneurship development company founded by a woman for women, we believe we must invest in and empower women to realise the full benefits of their economic participation not only in the economy but in society at large.

“We are transforming the landscape for women entrepreneurs by addressing the barriers they face through key partnerships aimed at disrupting the status quo,” Mary Kay Inc. chief operating officer, Deborah Gibbins, said in a statement.

The company has collaborated with change makers through impact-focused partnerships around the world to help dismantle barriers to women’s economic empowerment and accelerate women’s inclusion in the entrepreneurship ecosystem.

Notable ongoing partnerships to advance women’s entrepreneurship worldwide include The SDG Pilot Village Project in China - A Women-focused Poverty Reduction Development Project; and, The Women’s Entrepreneurship Accelerator.

In 2021, the first Women’s Entrepreneurship EXPO led by United Nations Women with the support of Mary Kay organised a boot camp across the Europe and Central Asia region to increase the capacities of women entrepreneurs to attract investment.

This month, the second live Women’s Entrepreneurship EXPO, brought women entrepreneurs and business partners together to mobilise and take forward specific action to advance the landscape for women’s entrepreneurship development.

Aligned with its mission to enrich women’s lives, Mary Kay and its partners are focused on advancing women's entrepreneurship and supporting established or aspiring women entrepreneurs wherever they live.

-- BERNAMA

EMBEDDED FINANCE MARKET TO EXCEED US$183 BLN GLOBALLY BY 2027 -- JUNIPER RESEARCH

KUALA LUMPUR, Nov 22 (Bernama) -- Revenue from embedded financial services will exceed US$183 billion globally in 2027, increasing from just under US$65 billion in 2022, according to a new Juniper Research study. (US$1=RM4.57)

Juniper said in a statement that the 182 per cent growth from 2022 to 2027 would be largely driven by non-financial businesses incorporating embedded finance options into their product offerings.

“These options will usually be introduced within the checkout process of an e-commerce transaction or incorporated seamlessly within a mobile app, resulting in enhanced financial options for the consumer and potential new revenue streams for vendors,” it said.

The study emphasised that businesses needed to identify which financial services worked best within their customer environment, whether business-to-business (B2B) or consumer.

“Choosing products that align with target demographics and offer genuine consumer benefits will be most successful,” it said.

The study also identified financial services currently less well-saturated within B2B markets, resulting in a significant untapped opportunity for B2B businesses to augment their revenue streams by incorporating embedded finance solutions.

Additionally, the research found that embedded investments, where stock trading and investment products are integrated within other apps, would be the fastest-growing segment.

“It will increase by 421 per cent over the next five years, accounting for almost US$11 billion in revenue globally by 2027.

“Brands serving high-net-worth individuals pursue embedded investment strategies in order to broaden their appeal to premium users,” it added.

Juniper Research provides research and analytical services to the global hi-tech communications sector, providing consultancy, analyst reports, and industry commentary.

-- BERNAMA

LULUFIN WINS BEST NETWORK ACCELERATOR AT RIPPLE'S ANNUAL BLOCKCHAIN INNOVATION AWARDS

^{Mr. Adeeb Ahamed, MD, LuLu Financial Holdings, receiving the award for Network Accelerator at the recently held Blockchain Innovation Awards during the Ripple Swell event in London (Photo: AETOSWire)}


The financial services company has been a major adopter of Ripple’s XRP for cross-border payments in the Asia Pacific region

LONDON, Nov 21 (Bernama-BUSINESS WIRE) -- LuLu Financial Holdings – an Abu Dhabi based holding company with several investments in financial services in the APAC region, has been adjudged winner in the Network Accelerator category of the annual Blockchain Innovation Awards.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221120005064/en/

 

The Blockchain Innovation Awards recognizes gamechangers in the financial services, crypto and digital payments sector, and is conducted as part of Ripple’s annual Swell Conference.

This year, the event was held in London, with attendance of several industry stalwarts.

Accepting the award on behalf of his organization, Mr. Adeeb Ahamed, Managing Director of LuLu Financial Holdings, said, “It is a proud moment for all of us at LuLu Financial Holdings to be recognized with the coveted Network Accelerator award. The award reflects our efforts to adopt digital technologies towards advancing the cross-border payments ecosystem. As early adopters of Ripple’s XRP for B2B applications, the On-Demand Liquidity (ODL) facility has helped us optimize fund management in our APAC corridor within permissible regulatory frameworks. We remain committed to our digital transformation efforts to make cross-border payments convenient & seamless for our consumers and strategic technology partners.”

Mr. Ahamed, who was invited to speak in a panel discussion held as part of the two-day event, said that the role of every stakeholder in this ecosystem is to build trust. He added that the world is seeing real use cases of blockchain led technologies, with further potential lying untapped in the area of AML/CFT.

He also spoke about how the introduction of regulated digital currencies by some of the major global economies will eventually contribute to their widespread acceptance in other jurisdictions.

LuLu Financial Holding’s investments in the APAC region span Philippines, Malaysia, Hong Kong and Singapore, with a network of over 25 LuLu Money branches and a proprietary digital payments app. The company’s primary services include cross-border payments, currency exchange and wholesale banknotes.

To know more, visit www.luluexchange.com

*Source : AETOSWire

View source version on businesswire.com: 
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Contact

Ajit Johnson
ajit.johnson@lulufin.com

Source : LuLu Financial Holdings

AM BEST AFFIRMS CREDIT RATINGS OF FIRST NET INSURANCE COMPANY

HONG KONG, Nov 21 (Bernama-BUSINESS WIRE) -- AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb+” (Good) of First Net Insurance Company (First Net) (Guam). The outlook of these Credit Ratings (ratings) is stable.

The ratings reflect First Net’s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.

First Net’s risk-adjusted capitalisation is assessed at the strongest level, as measured by Best’s Capital Adequacy Ratio (BCAR), and supported by its relatively low net underwriting leverage, and conservative and liquid investment portfolio, both of which partially offset its small absolute capital base. Its reinsurance dependency is relatively high for catastrophe protection, and it has risen in recent years due to an increase in fronting-type business. However, credit risk is limited by its stable and high-quality reinsurer panel.

First Net’s adequate operating performance is underpinned by positive underwriting results and stable investment returns from its fixed income portfolio. Its combined ratios mostly outperformed its composite’s average over the past years, supported by disciplined underwriting, but the company’s small net premium base has led to moderate volatility arising from claims experience and expenses. The company has faced an additional expense burden since April 2019 when its tax-exempt qualifying certificate expired; however, this was offset partially by an increase in commission income from fronting business in recent years. Its underwriting performance was favourable in 2020/2021 mainly due to reduced claims in key business lines as economic activities decreased during the COVID-19 pandemic.

First Net is a domestic property/casualty insurer in Guam, and its main lines of business include fire, auto and workers’ compensation. The geographic concentration in a small and competitive market, which leaves its business highly dependent on local economic conditions and market competition, is a major factor that has constrained the business profile assessment. Nonetheless, the company has a stable business stream sourced through Moylan's Insurance Underwriters, Inc., its affiliated company, and a major multi-line insurance agency with a strong distribution network in Guam and nearby jurisdictions.

Negative rating actions could occur if First Net’s risk-adjusted capitalisation or absolute capital and surplus declines substantially. Negative rating actions also could occur if there is sustained and significant deterioration in its operating performance, for example, due to large losses or an increased expense ratio.

Ratings are communicated to rated entities prior to publication. Unless stated otherwise, the ratings were not amended subsequent to that communication.

This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings. For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments.

AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

Copyright © 2022 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

View source version on businesswire.com: 
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Contact

Chanyoung Lee
Associate Director, Analytics
+852 2827 3404
chanyoung.lee@ambest.com

Christopher Sharkey
Manager, Public Relations
+1 908 439 2200, ext. 5159
christopher.sharkey@ambest.com

Jason Shum
Associate Director, Analytics
+852 2827 3424
jason.shum@ambest.com

Al Slavin
Communications Specialist
+1 908 439 2200, ext. 5098
al.slavin@ambest.com

Source : AM Best

AURORA IP AIMS TO REMOVE BOTTLENECKS AND FACILITATE FDI FLOW INTO VIETNAM'S TEXTILE INDUSTRY

HANOI, Vietnam, Nov 21 (Bernama-GLOBE NEWSWIRE) -- Despite global economic uncertainty, Vietnam is still attractive to foreign investment capital flow. According to the General Statistics Office (GSO), realized FDI investment in Vietnam in the first nine months of 2022 was assessed at US$15.43 billion, a 16.3% increase over the same period last year. This is the highest level of realized FDI in 9 months for the past five years.

This figure proves a strong increase in foreign direct investment and record-breaking growth in its private sector as well as reforms that welcome international investors, have spearheaded Vietnam into one of the top-performing economies in the region.

Vietnamese Government has recently approved its 10-year National Strategy on Foreign Investment. It aims to raise the proportion of registered foreign investment flows from certain countries and territories to over 70% in the 2021 - 2025 period and 75 percent in 2026 – 2030, to attract higher quality investments, including green manufacturing, high-tech, and digital sector.

Although green growth is a focus of Vietnam’s economy, foreign investors seeking investment opportunities in the green textile industry continue to face a lot of bottlenecks in terms of technical systems, transparent information, cleared land resource, complicated administrative procedures, and shortage of human resources post-pandemic.

While textile and garment industry is the backbone of Vietnam’s economy, the policies for industrial zone development are still not fully effective over years.  

“As concerned about environmental pollution, many provinces have rejected textile and dyeing projects, causing the shortage of sufficient domestic supply of materials. This is the main reason why 65-70% of raw materials are imported,” Vu Duc Giang, Chairman of Vietnam Textile and Apparel Association was quoted as saying in Industry and Trade Magazine. 

Experts believe that recently signed new-generation free trade agreements, such as the EU-Vietnam Free Trade Agreement (EVFTA), and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), will attract foreign investment to the garment-textile sector in the years to come.

Nam Dinh province, the cradle of Vietnam’s textile industry, is pioneering in offering incentives for investors in terms of corporate income tax, import and export tax, support for training textile workers, etc. With the favorable environment, as of 2021, Nam Dinh province was home to 123 FDI projects, with a total registered capital of US$3.7 billion, according to Vietnam’s GSO.

Contributing to unlocking foreign investment capital flow into the province, Aurora IP, developed by one of Vietnam's leading real estate developers Cat Tuong Group, has offered an environment that facilitates the manufacturer's stable and long-term production activities and features sufficiently good supporting industries. 

Oriented to be a green - clean - sustainable industrial park and a well-balanced industrial ecological community, Aurora is one of the very few IPs in Vietnam qualified to accommodate fabric-dyeing facilities.

Besides the two large-scale projects with total investment capital of $210 million that were signed contracts and handed over of premises, including TOPT Textile Ltd and Jehong Textile Vietnam, Aurora IP has recently signed another contract with a Hong Kong-based top textile company, increasing the total foreign investment capital to $300 million. Once put into operation, these projects’ production capacity is expected to reach nearly 90 million meters of fabric per year and create 4,000 jobs.

Aurora’s wastewater treatment system is well designed with a large capacity of 110,000 m3/day night, divided into modules with advanced and synchronous technology, shall ensure the receipt and treatment standard of wastewater before discharging.

In addition to the advantages of a convenient location and a good infrastructure system, tenants at Aurora IP are entitled to appealing incentive policies on corporate income tax, import tax, value added tax, especially specific incentive policies for producers of supporting industrial products.

“With the mission of laying the foundation for sustainable development of investors in Nam Dinh province, Aurora IP is also committed to providing free support for procedures to obtain investment registration certificates and business registration certificates for tenants and work closely with them during the development of their projects at Aurora IP through a single-window service system,” said Mr. Tran Quoc Viet - Chairman & CEO of Cat Tuong Group.

info@auroraip.vn

https://www.globenewswire.com/NewsRoom/AttachmentNg/56e24824-2a51-44d6-9fe4-29144d7d69e9 


SOURCE : Aurora IP

Government of St Kitts and Nevis not accepting cryptocurrency as a form of payment

KUALA LUMPUR, Nov 15 (Bernama) -- The government of St Kitts and Nevis announced it does not accept cryptocurrency as a form of payment for its citizenship by investment programme.

According to a statement, underpinned by a robust multi-layered due diligence process undertaken by international security firms from the USA and the UK, investors need to go through a formal application process consisting of eight main steps.

The steps include pre-approval by a verified St Kitts and Nevis government agent and preparation of the application; submission of the citizenship application; and application processing by the Citizenship by Investment Unit and internal and external due diligence checks.

Throughout the whole process, an investor will engage with an approved government agent who will facilitate the application and any payments will be made via registered banks using fiat money – a government-issued currency that is not backed by a commodity such as gold.

An example would be the United States Dollar, Euro or Chinese Yuan.

Having been established in 1984, the St Kitts and Nevis citizenship by investment programme is the oldest in the world.

-- BERNAMA

VONAGE'S JUMPER.AI APPLICATION TO BOOST RAZER’S CUSTOMER ENGAGEMENT

KUALA LUMPUR, Nov 17 (Bernama) -- Vonage, a global cloud communications leader, is enabling Razer, a leading global lifestyle brand for gamers, to engage with customers in Asia Pacific and allow direct purchases of gaming gear and accessories on social media using Vonage’s conversational commerce application, Jumper.ai.

With the Jumper.ai application, Razer now aims to use its strong social media presence - over 24 million followers across all platforms - to continually improve its omnichannel experiences.

“Using our conversational commerce application, e-commerce players like Razer can leverage their presence on social media to create a seamless shopping experience and gain their customers’ trust through personalised conversations around their products and offerings,” said Vonage senior director of product management and Jumper.ai founder, Yash Kotak, in a statement today.

Meanwhile, Razer associate director of global e-commerce platform, Mandy Arbilo said that by using Vonage's application, the company will be able to cater directly to the changing demands of its customers through a seamless commerce flow.

“Our fans are able to connect with Razer directly, enabling an opportune moment for social commerce to add value to our customer experience," he said.

Vonage said that recent enhancements to its Jumper.ai solution enable brands to seamlessly invite buyers to a live video interaction with an in-store associate or customer service agent.

This allows consumers to engage in personal conversations about products from anywhere while helping retailers build trusted relationships with customers, it said.

A wholly-owned subsidiary of Ericsson, Vonage is headquartered in New Jersey, with offices throughout the United States, Europe and Asia.

-- BERNAMA

AM BEST AFFIRMS CREDIT RATINGS OF VIETNAM'S PETROLIMEX INSURANCE

KUALA LUMPUR, Nov 17 (Bernama) -- Global credit rating agency AM Best has affirmed Vietnam's Petrolimex Insurance Corporation (PJICO) financial strength rating of "B++" (good) and long-term issuer credit rating of “bbb” (good).

The credit ratings reflect PJICO’s strong balance sheet strength, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.

In a statement, AM Best said PJICO’s balance sheet strength assessment is underpinned by its risk-adjusted capitalisation, as measured by Best’s Capital Adequacy Ratio, which is expected to remain at the strongest level over the medium term.

The company’s balance sheet strength assessment is supported by the stability of its capital adequacy and moderate net underwriting leverage.

It had also maintained a generally conservative investment strategy, with the majority of investments held in cash and term deposits.

AM Best assessed PJICO’s operating performance as adequate, as evidenced by a five-year average combined ratio of 97.7 per cent and return-on-equity ratio of 12.2 per cent (2017-2021).

“PJICO’s underwriting performance improved in 2021 compared with the previous year, driven in part by lower claims experience -- given COVID-19-related mobility restriction measures in Vietnam -- and higher net earned premiums from premiums reserve release," it said.

AM Best views PJICO’s business profile as neutral, noting that in 2021, PJICO ranked as the fifth-largest non-life insurer in Vietnam, with a market share of approximately six per cent of gross premium written.

“The company’s business profile benefits from its common branding and preferential access to cargo business arising from its largest non-majority shareholder, Vietnam National Petroleum Group (Petrolimex)," it added.

-- BERNAMA

Cellebrite Endpoint Inspector Empowers Organizations with Remote Collection of Workplace Applications

 

Cellebrite now offers a competitive differentiator by offering the ability to collect remote mobile data, remote computer data, and cloud application data in a unified platform

PETAH TIKVA, Israel and TYSONS CORNER, Va., Nov 17 (GLOBE NEWSWIRE) -- Cellebrite DI Ltd. (Nasdaq: CLBT), a global leader in Digital Intelligence (DI) solutions for the public and private sectors, today announced the launch of the cloud workplace app collection, a new Cellebrite Endpoint Inspector capability aimed at improving organizations’ investigation and eDiscovery capabilities by enabling them to collect remote mobile and computer data and cloud workplace application data in a unified platform.

The addition of the cloud workplace app collection to Cellebrite Endpoint Inspector should help reduce the time and cost associated with the collection of data from applications such as Office365, Google Workspace, Slack, and Box by allowing examiners to initiate multiple collections for custodians from the largest sources of employee work-related data. With our unified collection capability, and now adding cloud workplace app collection to Endpoint Inspector, customers will be able to have one tool for all their collection sources.

The cloud workplace app collection aims at enabling examiners to research and consolidate data, build a comprehensive picture, surface actionable insights, and uncover the truth. Additionally, the cloud workplace app collection uses smart collection capabilities to gather only necessary data from workplace applications while ensuring data security and privacy are protected at each step of the process.

Ken Basore, Enterprise Solutions General Manager at Cellebrite, said: “In today’s world, it is imperative that organizations in every industry and of every size can access employee work-related data in a secure and efficient way. Cloud workplace app collection is transforming how organizations collect data associated with corporate investigations and the eDiscovery process. We are proud to be the only company that offers a unified platform for remote mobile and computer collection and now from the most widely used cloud workplace applications – with our revolutionary capability, companies across the private sector can boost efficiencies while maintaining data security.”

For more information about workplace cloud app collection and Cellebrite Endpoint Inspector, please visit here.

About Cellebrite

Cellebrite’s (Nasdaq: CLBT) mission is to enable its customers to protect and save lives, accelerate justice, and preserve privacy in communities around the world. We are a global leader in Digital Intelligence solutions for the public and private sectors, empowering organizations in mastering the complexities of legally sanctioned digital investigations by streamlining intelligence processes. Trusted by thousands of leading agencies and companies worldwide, Cellebrite’s Digital Intelligence platform and solutions transform how customers collect, review, analyze and manage data in legally sanctioned investigations. To learn more visit us at www.cellebrite.com, https://investors.cellebrite.com, or follow us on Twitter at @Cellebrite_UFED.

Caution Regarding Forward Looking Statements

This document includes “forward looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward looking statements may be identified by the use of words such as “forecast,” “intend,” “seek,” “target,” “anticipate,” “will,” “appear,” “approximate,” “foresee,” “might,” “possible,” “potential,” “believe,” “could,” “predict,” “should,” “continue,” “expect,” “estimate,” “may,” “plan,” “outlook,” “future” and “project” and other similar expressions that predict, project or indicate future events or trends or that are not statements of historical matters. Such forward looking statements include estimated financial information. Such forward looking statements with respect to revenues, earnings, performance, strategies, prospects, and other aspects of Cellebrite’s business are based on current expectations that are subject to risks and uncertainties. A number of factors could cause actual results or outcomes to differ materially from those indicated by such forward looking statements. These factors include, but are not limited to: Cellebrite’s ability to keep pace with technological advances and evolving industry standards; Cellebrite’s material dependence on the acceptance of its solutions by law enforcement and government agencies; real or perceived errors, failures, defects or bugs in Cellebrite’s DI solutions; Cellebrite’s failure to maintain the productivity of sales and marketing personnel, including relating to hiring, integrating and retaining personnel; uncertainties regarding the impact of macroeconomic and/or global conditions, including COVID-19 and military actions involving Russia and Ukraine; intense competition in all of Cellebrite’s markets; the inadvertent or deliberate misuse of Cellebrite’s solutions; political and reputational factors related to Cellebrite’s business or operations; risks relating to estimates of market opportunity and forecasts of market growth; Cellebrite’s ability to properly manage its growth; risks associated with Cellebrite’s credit facilities and liquidity; Cellebrite’s reliance on third-party suppliers for certain components, products, or services; challenges associated with large transactions and long sales cycle; risks that Cellebrite’s customers may fail to honor contractual or payment obligations; risks associated with a significant amount of Cellebrite’s business coming from government customers around the world; risks related to Cellebrite’s intellectual property; security vulnerabilities or defects, including cyber-attacks, information technology system breaches, failures or disruptions; the mishandling or perceived mishandling of sensitive or confidential information; the complex and changing regulatory environments relating to Cellebrite’s operations and solutions; the regulatory constraints to which we are subject; risks associated with different corporate governance requirements applicable to Israeli companies and risks associated with being a foreign private issuer and an emerging growth company; market volatility in the price of Cellebrite’s shares; changing tax laws and regulations; risks associated with joint, ventures, partnerships and strategic initiatives; risks associated with Cellebrite’s significant international operations; risks associated with Cellebrite’s failure to comply with anti-corruption, trade compliance, anti-money-laundering and economic sanctions laws and regulations; risks relating to the adequacy of Cellebrite’s existing systems, processes, policies, procedures, internal controls and personnel for Cellebrite’s current and future operations and reporting needs; and other factors, risks and uncertainties set forth in the section titled “Risk Factors” in Cellebrite’s annual report on Form 20-F filed with the SEC on March 29, 2022, as amended on April 14, 2022 and in other documents filed by Cellebrite with the U.S. Securities and Exchange Commission (“SEC”), which are available free of charge at www.sec.gov. You are cautioned not to place undue reliance upon any forward looking statements, which speak only as of the date made, in this communication or elsewhere. Cellebrite undertakes no obligation to update its forward looking statements, whether as a result of new information, future developments or otherwise, should circumstances change, except as otherwise required by securities and other applicable laws.

Cellebrite Contacts

Media
Victor Cooper
Public Relations and Corporate Communications Director
Victor.cooper@cellebrite.com
+1 404.804.5910

Investors
Investor Relations
investors@cellebrite.com


SOURCE : Cellebrite Inc.

 

JUNIPER RESEARCH: PRECISION MEDICINE SPEND TO EXCEED $132 BILLION GLOBALLY BY 2027; DRIVEN BY EFFICIENCY GAINS FOR HEALTHCARE PROVIDERS

 

BASINGSTOKE, England, Nov 15 (Bernama-BUSINESS WIRE) -- A new study from Juniper Research found that the total spend on precision medicine will reach $132.3 billion globally by 2027; increasing from only $35.7 billion in 2022. This strong growth of 270% is a result of emerging technologies and infrastructure, such as AI, which aids precision medicine by predicting risks for certain diseases. These technological advancements, combined with the healthcare sector’s need to increase efficiencies in the face of an economic downturn, will encourage healthcare providers to invest further into precision medicine.

Precision medicine leverages advances in personal genomics to enable healthcare providers to prepare preventative plans and disease treatments based on gene variability.

• To find out more, see the new report: Precision Medicine: Key Trends, Regional Analysis and Market Forecasts 2022-2027
• Download the free whitepaper: Precision Medicine ~ Diagnosing Data Privacy Concerns

Cost Savings and Better Outcomes Drive Growth

The research predicts that benefits such as reductions in adverse reactions from ineffective medication, improving the efficacy of treatments plans via personalisation, and cutting patient spend on medication, will be the primary drivers of precision medicine adoption amongst healthcare providers. To maximise these benefits, the report identified the use of AI to ingest and process large amounts of healthcare data to increase the future accuracy of diagnoses.

Research author Cara Malone remarked: “The rapid increase in accuracy, as systems become more advanced, will create a virtuous cycle of continuous improvement; catalysing further growth and adoption of precision medicine in healthcare sectors over the next 5 years.”

Genetic Predispositions vs Healthcare Premiums

The research anticipates that the most significant issue surrounding precision medicine will arise from patient data privacy concerns. In many countries, but predominantly the US, there are fears that uncovering genetic predispositions using precision medicine will lead to insurance providers leveraging these insights to increase healthcare premiums. To allay these concerns, vendors must consider voluntarily adopting strong codes of conduct around data privacy, as well as creating independent advisory councils, to reassure users and limit the scope of data sharing.

View the Precision Medicine market research: https://www.juniperresearch.com/researchstore/key-vertical-markets/precision-medicine-market-research-report

Download the whitepaper: https://www.juniperresearch.com/whitepapers/precision-medicine-diagnosing-data-privacy

Juniper Research provides research and analytical services to the global hi-tech communications sector; providing consultancy, analyst reports, and industry commentary.

View source version on businesswire.com: 
https://www.businesswire.com/news/home/20221114005119/en/

Contact

Contact
Sam Smith, Press Relations
T: +44(0)1256 830002
E: sam.smith@juniperresearch.com

Source : Juniper Research

MGA ENTERTAINMENT FORMS SUBSIDIARY, ACQUIRES PIXEL ZOO ANIMATION

KUALA LUMPUR, Nov 15 (Bernama) -- MGA Entertainment Inc (MGA), one of the world’s largest and fastest growing privately held toy and entertainment company, has formed MGA Studios in a move that  underscores MGA’s continued commitment to a rapidly evolving digital entertainment landscape.

The subsidiary will be backed with more than half a billion dollars in cash and assets, a statement said.

“In addition to growing our large catalogue of television, movie and streaming content, via MGA Studios, we aim to create smaller and safer mini universes for our children to grow and develop in a seamless digital and physical entertainment ecosystem,” MGA founder and chief executive officer Isaac Larian said.

MGA also said that global leading digital animation studio Pixel Zoo Animation is MGA Studios’ first acquisition.

In the past several years, Pixel Zoo had pushed the limits of high-quality animation and content for children and families. The statement said Pixel Zoo founder and CEO Paul Gillett will continue his role to support MGA Studios’ growth.

MGA Studios will be charged with independently developing and growing a digital presence through acquisitions, partnerships, and in-house development of innovative content and original intellectual property, the statement said.

MGA Studios president Jason Larian said MGA has demonstrated time and again its ability to create multiple blockbuster brands from the ground up.

“The purpose of MGA Studios will be to facilitate the expansion of these brands beyond the toy aisle and turn them into true transmedia franchises, including entertainment, gaming, and online experiences,” Larian said.

-- BERNAMA

US$73.5 BLN WORTH OF DEALS INKED AT 5TH CHINA INTERNATIONAL IMPORT EXPO

KUALA LUMPUR, Nov 15 (Bernama) -- The fifth edition of the China International Import Expo (CIIE), held in Shanghai earlier this month, has recorded tentative deals valued at US$73.52 billion (US$1=RM4.59), up 3.9 per cent from the previous year.

In a statement, the CIIE Bureau said this year’s expo, like previous editions, comprised a business exhibition, the Hongqiao International Economic Forum, a country exhibition, as well as a slew of supporting activities and people-to-people and cultural exchange programmes.

The six-day expo attracted participants from 145 countries, regions and international organisations. Over 2,800 enterprises, including 284 of the world's top 500 enterprises and industry giants, showcased their products and services at the business exhibition.

The fifth CIIE also welcomed 39 trade missions and nearly 600 sub-trade missions with more than 600 intended deals were reached at 82 project signing ceremonies.

In addition, a total of 293 cooperation intention agreements involving US$5.9 billion worth of products and services were signed at trade and investment matchmaking conferences during the expo.

This year’s online country exhibition enabled 69 countries and international organisations to display their scientific and technological achievements, culture and art. The online exhibition saw 59 million visits, more than the previous edition.

“About 100,000 square metres of exhibition space for next year's CIIE has already been booked,” the statement said.

More details at http://www.ciie.org/zbh/en/

-- BERNAMA

CRYPTODATA TECH BECOMES RNF MOTOGP TEAM MAJORITY AND STRATEGIC SHAREHOLDER

CryptoDATA Tech becomes RNF MotoGP Team majority and strategic shareholder

BUCHAREST, Romania, Nov 9 (Bernama-GLOBE NEWSWIRE) -- CryptoDATA Tech, a blockchain-applied technologies pioneer and developer of hardware and software cybersecurity solutions, is pleased to announce the acquisition of a majority stake in RNF Racing Ltd. This strategic investment marks a significant milestone and a beginning of a new era for the fifteen months old RNF MotoGP team and the Romanian holding.

After previously announcing the cybersecurity company as the Official Premium Partner for the final three races of the season, CryptoDATA’s became a partner who shared the same passion, values and recognised the potential value of a MotoGP team in the long term.

With CryptoDATA as the majority shareholder, the vision and strategy is to go beyond racing and expand the business and services into motorsports mainly in MotoGP and taking the role of the business and branding aspects of the team. RNF MotoGP Team will continue participating as an Independent Team in the premier class of the FIM MotoGP World Championship with Team Principal Razlan Razali remaining at the helm focusing on the sporting and technicality side of the team.

In conjunction with the final race of the season and to mark the start of this historical milestone, RNF MotoGP Team and CryptoDATA will be unveiling a special livery design on race day at the Valencia Grand Prix. 

http://mrem.bernama.com/viewsm.php?idm=44677

MARY KAY INC. RECOGNIZED IN THE NATURE CONSERVANCY'S 2022 GLOBAL REEFS IMPACT REPORT

^{The Nature Conservancy and Mary Kay Inc. announced their partnership in 1990. Mary Kay has continued to generously support TNC’s work with an expanded focus on oceans work around the globe. (Credit: The Nature Conservancy)}


DALLAS, Nov 11 (Bernama-BUSINESS WIRE) -- Throughout 2022, Mary Kay Inc., a global advocate for corporate sustainability and stewardship, has worked to elevate ocean awareness in climate work and as an approach to address the climate crisis.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221110005014/en/

 

This month, Mary Kay was recognized in The Nature Conservancy’s 2022 Global Reefs Impact Report. The Nature Conservancy’s report highlights their recent achievements and how the organization has partnered with the private sector to successfully implement innovative marine conservation programs that protect and preserve life in our oceans.

The report showcased a newly launched project focused on “Super Reefs.” Super Reefs are highly resilient and can survive in a warming ocean. The mission of the Super Reefs project is to identify, protect, and grow a global network of Super Reefs to secure the future of coral reefs. The Super Reefs team brings together experts in ocean science, conservation, and management from Woods Hole Oceanographic Institution, Stanford University, and The Nature Conservancy, along with private sector support from Mary Kay, to support governments and communities at this critical moment in the history of coral reefs.

“I’ve seen reefs that have been destroyed, and I’ve seen reefs that have bounced back in my lifetime,” says Elizabeth McLeod, Global Reefs Systems Lead at The Nature Conservancy. “We have an imperative to get out in the water, to identify coral reefs that can survive climate change and ensure that they are protected from other impacts.”

“Our partnership with The Nature Conservancy stretches back more than 32 years—but we’re just getting started,” said Deborah Gibbins, Chief Operation Officer for Mary Kay Inc. “Throughout 2022, we’ve doubled down on our sustainability efforts, including a focus on ocean health. The health of our oceans is the health of our planet, and it’s essential we do our part to protect them.”

In 2022, Mary Kay supported 11 projects related to global ocean protection initiatives to improve ocean health for nature and people through the protection and restoration of critical habitats such as coral reefs, oyster reefs, and coastal wetlands. These important projects included:

• Restoring Asia Pacific shellfish reefs in Australia, Hong Kong, China, and the Coral Triangle;
• Ensuring that coral protection and restoration efforts in the Coral Triangle countries – Indonesia, Papua New Guinea, and the Solomon Islands – are supported through conservation efforts and initiatives that positively impact the whole region;
• Supporting women environmental leaders in the Pacific in Papua New Guinea and the Solomon Islands;
• Coastal conservation and restoration in the Gulf Coast and assessing the feasibility of blue carbon markets to support long-term wetland management; and
• Improving fisheries in Mexico to empower communities and women in the fishing industry.

To read more about Mary Kay’s commitment to sustainability, visit marykayglobal.com/sustainability and download Mary Kay’s global sustainability strategy: Enriching Lives Today for a Sustainable Tomorrow.

About The Nature Conservancy (TNC)

The Nature Conservancy is a global conservation organization dedicated to conserving the lands and waters on which all life depends. Guided by science, we create innovative, on-the-ground solutions to our world’s toughest challenges so that nature and people can thrive together. We are tackling climate change, conserving lands, waters, and oceans at an unprecedented scale, providing food and water sustainably, and helping make cities more sustainable. Working in 79 countries and territories, we use a collaborative approach that engages local communities, governments, the private sector, and other partners. To learn more, visit www.nature.org or follow @nature_press on Twitter.

About Mary Kay Inc.

One of the original glass ceiling breakers, Mary Kay Ash founded her dream beauty company in 1963 with one goal: enriching women’s lives. That dream has blossomed into a multibillion-dollar company with millions of independent sales force members in nearly 40 countries. As an entrepreneurship development company, Mary Kay is committed to empowering women on their journey through education, mentorship, advocacy, networking, and innovation. Mary Kay is dedicated to investing in the science behind beauty and manufacturing cutting-edge skincare, color cosmetics, nutritional supplements, and fragrances. Mary Kay believes in enriching lives today for a sustainable tomorrow, partnering with organizations from around the world focusing on promoting business excellence, supporting cancer research, advancing gender equality, protecting survivors of domestic abuse, beautifying our communities, and encouraging children to follow their dreams. Learn more at marykayglobal.com, find us on Facebook, Instagram, and LinkedIn, or follow us on Twitter.

View source version on businesswire.com: 
https://www.businesswire.com/news/home/20221110005014/en/

Contact

Mary Kay Inc.
Corporate Communications
marykay.com/newsroom
972.687.5332 or media@mkcorp.com

The Nature Conservancy
Misty Edgecomb
Communications Director
medgecomb@tnc.org or 484-343-3223

Source : Mary Kay Inc.