KUALA LUMPUR, April 10 -- The use of non-equity modes (NEMs) of production has been increasing in both Lao PDR and Myanmar, as demonstrated in exports from these countries as new forms of trade.
For example, an estimated US$274 million in electrical machinery and US$132 million in garments from Lao PDR, and an estimated US$1 billion in garments, over 70 per cent of total garment exports from Myanmar are via NEM. (US$1 = RM4.30)
This is according to new findings by the ASEAN-Japan Centre on NEMs in their reports, ‘Non-Equity Modes of Trade in ASEAN: Lao People’s Democratic Republic’ and ‘Non-Equity Modes of Trade in ASEAN: Myanmar’.
According to a statement, both country firms are in the infancy stage of participation in NEMs, using subcontracting, management contracts and franchising, among others.
NEM firms face a significant challenge. Transnational corporations (TNCs) can easily terminate their contracts, particularly if the quality of services or goods supplied does not meet their competitive standards or when more competitive suppliers emerge in other countries.
The governments should assist in the development of NEM capabilities, so that local firms can take advantage of appropriate TNC-driven economic synergies as competition forces TNCs to make continuous improvements in the quality and pricing of suppliers.
In addition, in upgrading the labour force and improving investment conditions, the governments should strengthen the basic infrastructure and the science, technology and innovation infrastructure.
Both governments should consider implementing and strengthening the regulatory framework for NEM firms to enable NEM firms to export, expand their employment and upgrade technologically.
More details at https://www.asean.or.jp/en/trade-info/nem_papers/
-- BERNAMA
Friday, 10 April 2020
Wednesday, 8 April 2020
Global cosmetic tubes market size worth around US$3.4 billion by 2026
KUALA LUMPUR, April 8 -- The global cosmetic tubes market size is poised to be worth around US$3.4 billion by 2026, with anticipation a CAGR will grow around 4.6 per cent, in terms of revenue during the forecast period 2019 to 2026. (US$1 = RM4.35)
According to a statement, Acumen Research and Consulting recently published a report on ‘Cosmetic Tubes Market Size, Share, Growth Opportunities, Revenue and Forecast, 2019 - 2026’.
The key contributors to the growth are accelerated urbanisation and increasing consumer disposable incomes.
Urbanisation was responsible for improving disposable incomes and sensitising the supply of various cosmetics products, thus providing a range of opportunities for players in the industry and increasing demand for cosmetic tubes.
Plastic material type segment is the largest market share due to its advantages and in turn, plastics are commonly used in producing cosmetic tubes. It is expected that this segment will lead the global market with a strong market share over the next few years and rise in a healthy CAGR amid the forecast period.
In Asia-Pacific, the demand for cosmetic tubing is expected to grow significantly. This is attributed largely to the emergence of countries such as China and Japan of a large customer base in the cosmetics market.
Owing to the vast number of players, the cosmetic tubes industry is extremely competitive. In turn, creativity (design, technologies and implementation) and collaborations will have sustainable competitive edge.
Therefore, new entrants are equally likely to reach the market and increase competition further. As a result, a strong strategic approach marked by investment, mergers and acquisitions and a high demand on R&D was established for the industry incumbents.
-- BERNAMA
According to a statement, Acumen Research and Consulting recently published a report on ‘Cosmetic Tubes Market Size, Share, Growth Opportunities, Revenue and Forecast, 2019 - 2026’.
The key contributors to the growth are accelerated urbanisation and increasing consumer disposable incomes.
Urbanisation was responsible for improving disposable incomes and sensitising the supply of various cosmetics products, thus providing a range of opportunities for players in the industry and increasing demand for cosmetic tubes.
Plastic material type segment is the largest market share due to its advantages and in turn, plastics are commonly used in producing cosmetic tubes. It is expected that this segment will lead the global market with a strong market share over the next few years and rise in a healthy CAGR amid the forecast period.
In Asia-Pacific, the demand for cosmetic tubing is expected to grow significantly. This is attributed largely to the emergence of countries such as China and Japan of a large customer base in the cosmetics market.
Owing to the vast number of players, the cosmetic tubes industry is extremely competitive. In turn, creativity (design, technologies and implementation) and collaborations will have sustainable competitive edge.
Therefore, new entrants are equally likely to reach the market and increase competition further. As a result, a strong strategic approach marked by investment, mergers and acquisitions and a high demand on R&D was established for the industry incumbents.
-- BERNAMA
Dataiku 7 enhances integration with Microsoft 365 for real-time AI collaboration
According to a statement by Dataiku, one of the world’s leading Enterprise AI and machine learning platforms, this enables customers using Teams to directly track and share changes made to their AI projects.
Available on the Microsoft Azure Marketplace, Dataiku 7 delivers efficiency-driving features for technical profiles to work on machine learning projects including an enhanced Git integration, a dedicated EDA interface for statistical analysis and row-level explainability to promote white-box AI.
“Dataiku understands that organisations need to leverage information from multiple sources and create actionable insights to democratise AI projects across their business,” said Dataiku chief executive officer, Florian Douetteau.
“Our latest integrations with Microsoft signify a major step toward expanding our platform to provide customers with Enterprise AI that is highly scalable, collaborative and explainable.”
-- BERNAMA
Tuesday, 7 April 2020
iClick noted in China's rising Internet usage, advertising opportunities publication
KUALA LUMPUR, April 7 -- iClick Interactive Asia Group, an independent online marketing and enterprise data solutions provider has announced its placement in an editorial published by NetworkNewsWire.
According to a statement, iClick Interactive Asia Group is riding a rising tsunami of Internet usage in China, as the general population steadily increases its standard of living and China surpasses the West in Internet usage.
In 2008, Internet users in the country numbered 298 million; by 2019-first half, that number had reached 854 million — nearly tripled in just over a decade. And that growth is expected to continue.
It is a sign of the power of this market — and iClick’s ability to leverage that power — that iClick has seen over 30 per cent year-on-year growth.
The company is not only expanding into an existing market but reaching into previously non-existent online market segments. For iClick, success has come from a growth strategy founded on two pillars - marketing solutions and enterprise SaaS solutions.
View the full publication, ‘Digital Advertising and Enterprise SaaS Present Tremendous Opportunities as Online Marketing Soars in China’ at http://nnw.fm/93Hyy
-- BERNAMA
According to a statement, iClick Interactive Asia Group is riding a rising tsunami of Internet usage in China, as the general population steadily increases its standard of living and China surpasses the West in Internet usage.
In 2008, Internet users in the country numbered 298 million; by 2019-first half, that number had reached 854 million — nearly tripled in just over a decade. And that growth is expected to continue.
It is a sign of the power of this market — and iClick’s ability to leverage that power — that iClick has seen over 30 per cent year-on-year growth.
The company is not only expanding into an existing market but reaching into previously non-existent online market segments. For iClick, success has come from a growth strategy founded on two pillars - marketing solutions and enterprise SaaS solutions.
View the full publication, ‘Digital Advertising and Enterprise SaaS Present Tremendous Opportunities as Online Marketing Soars in China’ at http://nnw.fm/93Hyy
-- BERNAMA
CHESTERTON INTRODUCES MODULAR CARTRIDGE SEALS BUILT ON THE AXIUS(TM) PLATFORM FOR INCREASED FLEXIBILITY AND CONTROL
GROVELAND, MA., Apr. 7, 2020, Medianet International-AsiaNet/ --
New Seals Provide In-Field Scalability for a Wide Range of Sealing Applications
A.W. Chesterton Company launches new single and double cartridge seals built on its new AXIUS(TM) modular seal platform. These modular seals enable customers to make quick seal face and feature changes around a standard seal base to meet varying applications quickly and economically.
The first mechanical seals offered on the AXIUS platform are:
- Chesterton 1810 Heavy Duty Modular Single Cartridge Seal – A reliable, plant-wide seal that has performance and reliability enhancing add-on capabilities. The 1810 has environmental control options such as multi-port flushing and quench & drain.
Photo:
https://chestertonrotating.chesterton.com/en-us/ChestertonImages/1810-cutaway.png
- Chesterton 2810 Heavy Duty Modular Double Cartridge Seal – The 2810 delivers advanced emissions control and safety. It features a "Diffuser Sleeve," an optimized barrier-buffer channel which improves fluid flow to and from the seal's support system and enhances temperature regulation to extend seal face life. This feature was developed with extensive research using state of art technologies including CFD (Computational Fluid Dynamics) and FEA (Finite Element Analysis)
Photo:
https://chestertonrotating.chesterton.com/en-us/ChestertonImages/2810-cutaway.png
"These modular seals represent a whole new level of flexibility for customers to act quickly in agile and fast-changing environments," says Thiru Veeraraghavan, Vice President of Engineering and Innovation. "They are suited for plant-wide use and have the flexibility to be configured for increasingly demanding conditions providing greater reliability and value to all seal users."
Serving the industrial world for over 135 years, the A.W. Chesterton Company has developed a number of game-changing sealing solutions, including the first commercial split seal. The 1810 and 2810 are the first seals to be offered on the new AXIUS modular platform, with more capabilities and other seals to be offered in the near future.
Photo:
https://chestertonrotating.chesterton.com/en-us/ChestertonImages/axius-banner-hero.jpg
About A.W. Chesterton Company
Operating in over 100 countries around the world, Chesterton is recognized as a leading provider of knowledge backed solutions and expert service for Rotary, Stationary, and Fluid Power equipment supported by a comprehensive line of industrial fluid sealing solutions, high performance protective coatings, and specialty industrial lubrication/MRO products.
SOURCE: Chesterton Customseal
New Seals Provide In-Field Scalability for a Wide Range of Sealing Applications
A.W. Chesterton Company launches new single and double cartridge seals built on its new AXIUS(TM) modular seal platform. These modular seals enable customers to make quick seal face and feature changes around a standard seal base to meet varying applications quickly and economically.
The first mechanical seals offered on the AXIUS platform are:
- Chesterton 1810 Heavy Duty Modular Single Cartridge Seal – A reliable, plant-wide seal that has performance and reliability enhancing add-on capabilities. The 1810 has environmental control options such as multi-port flushing and quench & drain.
Photo:
https://chestertonrotating.chesterton.com/en-us/ChestertonImages/1810-cutaway.png
- Chesterton 2810 Heavy Duty Modular Double Cartridge Seal – The 2810 delivers advanced emissions control and safety. It features a "Diffuser Sleeve," an optimized barrier-buffer channel which improves fluid flow to and from the seal's support system and enhances temperature regulation to extend seal face life. This feature was developed with extensive research using state of art technologies including CFD (Computational Fluid Dynamics) and FEA (Finite Element Analysis)
Photo:
https://chestertonrotating.chesterton.com/en-us/ChestertonImages/2810-cutaway.png
"These modular seals represent a whole new level of flexibility for customers to act quickly in agile and fast-changing environments," says Thiru Veeraraghavan, Vice President of Engineering and Innovation. "They are suited for plant-wide use and have the flexibility to be configured for increasingly demanding conditions providing greater reliability and value to all seal users."
Serving the industrial world for over 135 years, the A.W. Chesterton Company has developed a number of game-changing sealing solutions, including the first commercial split seal. The 1810 and 2810 are the first seals to be offered on the new AXIUS modular platform, with more capabilities and other seals to be offered in the near future.
Photo:
https://chestertonrotating.chesterton.com/en-us/ChestertonImages/axius-banner-hero.jpg
About A.W. Chesterton Company
Operating in over 100 countries around the world, Chesterton is recognized as a leading provider of knowledge backed solutions and expert service for Rotary, Stationary, and Fluid Power equipment supported by a comprehensive line of industrial fluid sealing solutions, high performance protective coatings, and specialty industrial lubrication/MRO products.
SOURCE: Chesterton Customseal
Thursday, 2 April 2020
HCL TECHNOLOGIES COVID-19 STATUS UPDATE
NOIDA, India, April 2 (Bernama-BUSINESS WIRE) -- HCL Technologies Ltd (HCL) has been monitoring the Covid-19 outbreak since late January and had invoked its Business Continuity Plan and Risk Management Framework quite early to minimize the impact on its employees and clients. The situation arising out of this outbreak and its rapid spread across the world is unprecedented and is extremely dynamic. The economic impact is visible with varying degrees of intensity across multiple countries where we operate.
HCL has had a well-defined and structured pandemic policy in place which is resilient, pragmatic and accords paramount importance to employee safety & health and client commitments. We are actively engaged with our clients and have executed the client-specific and HCL internal operations-centric Business Continuity Plan that ensures continuity in delivering to our client and employee commitments. HCL is constantly reviewing the situation at hand with utmost priority and fully complying with all government advisories and recommendations. Given the extended nature of this situation, we have looked at ensuring that we put in medium-term sustainable measures in place to ensure continuity of all our operations and client deliverables. We have been successful in achieving this as of today. A large number of our clients have expressed their deep appreciation of our efforts and speed at which we have been able to achieve the current state.
As of today, 76% of our India-based employees and 92% of our employees in other geographies are enabled to work from home. In certain geographies, a limited set of our employees are working from our offices, wherever it is permissible by the government and local authorities. It is noteworthy that we have not witnessed any outages or major disruption in operations with this newer format of work from home delivery. We would like to use this opportunity to thank our clients, industry bodies and government officials who have been very supportive in our efforts so far.
Likely Impact on business
While the impact on this quarter’s numbers is yet to be quantified, we don’t expect it to be significant. Our exposure to the more impacted verticals are not significant. Booking during this quarter has largely been on track as significant part of closures happened in January.
Our business model is a healthy mix of recurring product revenues, managed services and discretionary spend led professional services. From a vertical perspective, our exposure to verticals like Oil & Gas, Travel & Hospitality, High-End Retail is in single digits.
We recognize our investments in risk management systems and processes over the last several years are helping us to minimize the short-term impact and to be adequately prepared for the medium term, if it gets worse. We are also confident our business model will help us to emerge stronger in the longer term as it has been built for resilience during tough times.
Our wishes of safety and best of health to everyone out there and we hope and pray for the earliest end to the crisis. Keep a safe distance.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20200330005242/en/
Contact
For further details, please contact:
HCL Technologies
Ravi Kathuria
Ravi.Kathuria@hcl.com
Anne Coyle, US
Anne.coyle@hcl.com
Elka Ghudial, Europe
Elka.ghudial@hcl.com
Devneeta Pahuja, India and APAC
Devneeta.p@hcl.com
Source : HCL Technologies Ltd
HCL has had a well-defined and structured pandemic policy in place which is resilient, pragmatic and accords paramount importance to employee safety & health and client commitments. We are actively engaged with our clients and have executed the client-specific and HCL internal operations-centric Business Continuity Plan that ensures continuity in delivering to our client and employee commitments. HCL is constantly reviewing the situation at hand with utmost priority and fully complying with all government advisories and recommendations. Given the extended nature of this situation, we have looked at ensuring that we put in medium-term sustainable measures in place to ensure continuity of all our operations and client deliverables. We have been successful in achieving this as of today. A large number of our clients have expressed their deep appreciation of our efforts and speed at which we have been able to achieve the current state.
As of today, 76% of our India-based employees and 92% of our employees in other geographies are enabled to work from home. In certain geographies, a limited set of our employees are working from our offices, wherever it is permissible by the government and local authorities. It is noteworthy that we have not witnessed any outages or major disruption in operations with this newer format of work from home delivery. We would like to use this opportunity to thank our clients, industry bodies and government officials who have been very supportive in our efforts so far.
Likely Impact on business
While the impact on this quarter’s numbers is yet to be quantified, we don’t expect it to be significant. Our exposure to the more impacted verticals are not significant. Booking during this quarter has largely been on track as significant part of closures happened in January.
Our business model is a healthy mix of recurring product revenues, managed services and discretionary spend led professional services. From a vertical perspective, our exposure to verticals like Oil & Gas, Travel & Hospitality, High-End Retail is in single digits.
We recognize our investments in risk management systems and processes over the last several years are helping us to minimize the short-term impact and to be adequately prepared for the medium term, if it gets worse. We are also confident our business model will help us to emerge stronger in the longer term as it has been built for resilience during tough times.
Our wishes of safety and best of health to everyone out there and we hope and pray for the earliest end to the crisis. Keep a safe distance.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20200330005242/en/
Contact
For further details, please contact:
HCL Technologies
Ravi Kathuria
Ravi.Kathuria@hcl.com
Anne Coyle, US
Anne.coyle@hcl.com
Elka Ghudial, Europe
Elka.ghudial@hcl.com
Devneeta Pahuja, India and APAC
Devneeta.p@hcl.com
Source : HCL Technologies Ltd
METLIFE AND AMMETLIFE SIGN U.N. WOMEN'S EMPOWERMENT PRINCIPLES
KUALA LUMPUR, March 31 (Bernama) -- MetLife, Inc. recently announced today that it has become the first U.S.-based insurance company to sign the United Nations Women’s Empowerment Principles, a series of commitments created by U.N. Women and the U.N. Global Compact to promote gender equality in the workplace and society.
MetLife President and CEO, Michel Khalaf said, “MetLife’s support for gender equality reflects our purpose of building a more confident future for all. Empowering women is more than a core value for us – it is a key element of our business strategy. Partnering with the U.N. will help us strengthen our focus and take our commitment to the next level.”
The U.N. Women's Empowerment Principles are:
• Principle 1: Establish high-level corporate leadership for gender equality
• Principle 2: Treat all women and men fairly at work – respect and support human rights and non-discrimination
• Principle 3: Ensure the health, safety and well-being of all women and men workers
• Principle 4: Promote education, training and professional development for women
• Principle 5: Implement enterprise development, supply chain and marketing practices that empower women
• Principle 6: Promote equality through community initiatives and advocacy
• Principle 7: Measure and publicly report on progress to achieve gender equality
Commenting on AmMetLife Insurance Berhad’s support for the United Nations Women’s Empowerment Principles, CEO, Ramzi Toubassy said, “At AmMetLife, we are committed to advocating and promoting gender equality in the workplace. 66 percent of our employees are women and women also account for 53 percent of our senior management team. We will continue to foster an environment that is both safe and conducive for women of all backgrounds to enjoy equal opportunities to grow, lead and succeed. “
For more information on MetLife’s commitment to gender equality and its corporate responsibility activities, visit www.metlifeglobalimpact.com.
About MetLife
About MetLife MetLife, Inc. (NYSE: MET), through its subsidiaries and affiliates (“MetLife”), is one of the world’s leading financial services companies, providing insurance, annuities, employee benefits and asset management to help its individual and institutional customers navigate their changing world. Founded in 1868, MetLife has operations in more than 40 markets globally and holds leading positions in the United States, Japan, Latin America, Asia, Europe and the Middle East. For more information, visit www.metlife.com
About AmMetLife
AmMetLife is a strategic partnership between AMMB Holdings Berhad (AmBank Group) and MetLife International Holdings LLC (MetLife). AmMetLife offers a comprehensive range of life assurance and wealth protection solutions distributed through a combination of over 200 AmBank and AmMetLife branded branch offices, in addition to the strength of its authorised life insurance agents nationwide. The strategic partnership combines the international expertise and financial strength of MetLife with the local strength and reach of AmBank Group to create a customer-centric and modern life assurance solutions provider in Malaysia.
SOURCE: AmBank Group
MetLife President and CEO, Michel Khalaf said, “MetLife’s support for gender equality reflects our purpose of building a more confident future for all. Empowering women is more than a core value for us – it is a key element of our business strategy. Partnering with the U.N. will help us strengthen our focus and take our commitment to the next level.”
The U.N. Women's Empowerment Principles are:
• Principle 1: Establish high-level corporate leadership for gender equality
• Principle 2: Treat all women and men fairly at work – respect and support human rights and non-discrimination
• Principle 3: Ensure the health, safety and well-being of all women and men workers
• Principle 4: Promote education, training and professional development for women
• Principle 5: Implement enterprise development, supply chain and marketing practices that empower women
• Principle 6: Promote equality through community initiatives and advocacy
• Principle 7: Measure and publicly report on progress to achieve gender equality
Commenting on AmMetLife Insurance Berhad’s support for the United Nations Women’s Empowerment Principles, CEO, Ramzi Toubassy said, “At AmMetLife, we are committed to advocating and promoting gender equality in the workplace. 66 percent of our employees are women and women also account for 53 percent of our senior management team. We will continue to foster an environment that is both safe and conducive for women of all backgrounds to enjoy equal opportunities to grow, lead and succeed. “
For more information on MetLife’s commitment to gender equality and its corporate responsibility activities, visit www.metlifeglobalimpact.com.
About MetLife
About MetLife MetLife, Inc. (NYSE: MET), through its subsidiaries and affiliates (“MetLife”), is one of the world’s leading financial services companies, providing insurance, annuities, employee benefits and asset management to help its individual and institutional customers navigate their changing world. Founded in 1868, MetLife has operations in more than 40 markets globally and holds leading positions in the United States, Japan, Latin America, Asia, Europe and the Middle East. For more information, visit www.metlife.com
About AmMetLife
AmMetLife is a strategic partnership between AMMB Holdings Berhad (AmBank Group) and MetLife International Holdings LLC (MetLife). AmMetLife offers a comprehensive range of life assurance and wealth protection solutions distributed through a combination of over 200 AmBank and AmMetLife branded branch offices, in addition to the strength of its authorised life insurance agents nationwide. The strategic partnership combines the international expertise and financial strength of MetLife with the local strength and reach of AmBank Group to create a customer-centric and modern life assurance solutions provider in Malaysia.
SOURCE: AmBank Group
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