LONDON, May 19 (Bernama-BUSINESS WIRE) --
To equip insurance CFO’s who will need to act following this morning’s
announcement by the International Accounting Standards Board (IASB),
Aptitude Software announces the Aptitude IFRS 17 Solution.
The
Aptitude solution will perform IFRS 17 calculations in line with what
has been documented by the accounting regulator and addresses the range
of processing and systems requirements captured via the company’s
extensive market discussions.
APTITUDE EXTENDS PRODUCT PORTFOLIO WITH IFRS 17
Friday, 19 May 2017
MIA Organise Video, Essay Competitions In Conjunction With Golden Jubilee Celebrations
KUALA LUMPUR, May 18 (Bernama) -- The Malaysian Institute of Accountants (MIA) is organising a video recording and essay competition from June 1 to July 31 in conjunction with its golden jubilee celebrations.
"These competitions are to gauge the students' interest in accountancy and to provide an avenue to express their creativity.
"They are centered around the 50th anniversary theme, which is integrity, accountability and trust -- the three core values that form the building blocks of the accountancy profession," the MIA said in a statement.
The video recording competition which offers a prize of RM3,000 and a certificate, is open to tertiary students who are pursuing studies in accounting related programmes with registered institutions in Malaysia.
The video must be in English and in MP4 format, and the duration must be three to five minutes.
The essay competition is open to form 4, form 5 and form 6 students with a prize of RM2,000 and a certificate of achievement.
It must be written in English and must be between 500 to 800 words.
For more information, visit http://mia50.mia.org.my
-- BERNAMA
"These competitions are to gauge the students' interest in accountancy and to provide an avenue to express their creativity.
"They are centered around the 50th anniversary theme, which is integrity, accountability and trust -- the three core values that form the building blocks of the accountancy profession," the MIA said in a statement.
The video recording competition which offers a prize of RM3,000 and a certificate, is open to tertiary students who are pursuing studies in accounting related programmes with registered institutions in Malaysia.
The video must be in English and in MP4 format, and the duration must be three to five minutes.
The essay competition is open to form 4, form 5 and form 6 students with a prize of RM2,000 and a certificate of achievement.
It must be written in English and must be between 500 to 800 words.
For more information, visit http://mia50.mia.org.my
-- BERNAMA
NTT COM LAUNCHES MUNICH 2 DATA CENTER IN GERMANY
TOKYO, May 19 (Bernama-BUSINESS WIRE) -- NTT Communications Corporation (NTT Com), the ICT solutions and international communications business within the NTT (TOKYO:9432) Group, announced today that its “Germany Munich 2 Data Center” (Munich 2) has opened, effective immediately, in Unterschleißheim, a suburb of Munich, Germany located 16km from the city center. The facility is under the management of e-shelter, a NTT Com company and leading data-center operator and service provider in Europe.
The two-story Munich 2 initially is offering 2,800 square meters of server space, equivalent to 1,100 racks, which is expected to expand to 5,600 square meters. The facility is operating under NTT Com’s Nexcenter™ brand, which encompasses 24/7 data-center services in more than 140 bases worldwide.
http://mrem.bernama.com/viewsm.php?idm=29146
The two-story Munich 2 initially is offering 2,800 square meters of server space, equivalent to 1,100 racks, which is expected to expand to 5,600 square meters. The facility is operating under NTT Com’s Nexcenter™ brand, which encompasses 24/7 data-center services in more than 140 bases worldwide.
http://mrem.bernama.com/viewsm.php?idm=29146
Thursday, 18 May 2017
NATIONAL ENERGY SERVICES REUNITED CORP. COMPLETES $210,000,000 INITIAL PUBLIC OFFERING
NEW YORK and HOUSTON, May 18 (Bernama-GLOBE NEWSWIRE) -- National Energy Services Reunited Corp. (Nasdaq:NESRU) ("NESR" or the "Company"), a company formed for the purpose of acquiring, engaging in a share exchange, share reconstruction and amalgamation, purchasing all or substantially all of the assets of, entering into contractual arrangements, or engaging in any other similar business combination with one or more businesses or entities, today announced the closing of its initial public offering (“IPO”) of 21,000,000 units at a price to the public of $10.00 per unit, with the offering raising gross proceeds of $210,000,000. The units commenced trading on Friday, May 12, 2017, on The NASDAQ Capital Market ("Nasdaq") under the symbol "NESRU." Each unit issued in the IPO consists of one ordinary share and one warrant to acquire one-half of one ordinary share at a price of $11.50 per full share. Once the securities comprising the units begin separate trading, the ordinary shares and warrants are expected to be traded on Nasdaq under the symbols "NESR" and "NESRW", respectively. Certain lead investors, as defined in the final prospectus, who have agreed to hold their shares through the consummation of our initial business combination and not seek redemption in connection therewith, purchased an aggregate of $60,000,000 of units in the IPO.
http://mrem.bernama.com/viewsm.php?idm=29142
http://mrem.bernama.com/viewsm.php?idm=29142
SOLARWINDS ACQUIRES SCOUT'S SAAS-BASED SERVER MONITORING TECHNOLOGY AND LAUNCHES IT AS SOLARWINDS PINGDOM SERVER MONITOR
With the acquisition, SolarWinds enhances its already deep server monitoring capabilities with out-of-the-box simple, yet rich SaaS-based server monitoring developed by DevOps professionals for DevOps professionals
AUSTIN, Texas, May 18 (Bernama-GLOBE NEWSWIRE) -- SolarWinds, a leading provider of powerful and affordable IT management software, today announced it has completed the acquisition of Scout Server Monitoring. The transaction closed Friday, May 5, 2017. As part of the acquisition, Scout Co-Founder and Chief Technology Officer Andre Lewis has joined SolarWinds.
http://mrem.bernama.com/viewsm.php?idm=29137
AUSTIN, Texas, May 18 (Bernama-GLOBE NEWSWIRE) -- SolarWinds, a leading provider of powerful and affordable IT management software, today announced it has completed the acquisition of Scout Server Monitoring. The transaction closed Friday, May 5, 2017. As part of the acquisition, Scout Co-Founder and Chief Technology Officer Andre Lewis has joined SolarWinds.
http://mrem.bernama.com/viewsm.php?idm=29137
A.M. BEST AFFIRMS CREDIT RATINGS OF CHINA TAIPING INSURANCE (SINGAPORE) PTE. LTD.
SINGAPORE, May 18 (Bernama-BUSINESS WIRE) -- A.M. Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” of China Taiping Insurance (Singapore) Pte. Ltd. (CTIS)
(Singapore), a wholly owned subsidiary of China Taiping Insurance
Holdings Company Ltd. The outlook of these Credit Ratings (ratings) is
stable.
The ratings reflect CTIS’ track record of strong earnings
and solid risk-adjusted capitalization. CTIS has recorded good
underwriting results despite challenging market conditions. With a
leading market share in Singapore’s bond insurance market, CTIS is able
to offer product bundling with its profitable bond business, which has
resulted in favorable claims experience. The company’s operating
performance has outperformed the industry average in each of the past
years leading up to 2016.
An offsetting rating factor is CTIS’
exposure to the construction industry, as claims experience could be
impacted negatively by economic cycles in the construction sector.
Furthermore, the company’s expense ratio has been rising due to expenses
incurred, as it grows in Singapore and across Southeast Asia.
Positive
rating actions are unlikely in the near term. Negative rating actions
may occur if there is material deterioration of CTIS’ risk-adjusted
capitalization or operating results from expansion initiatives.
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 A.M. 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 A.M. Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Best’s Credit Ratings.
A.M. Best is the world’s oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.
Copyright © 2017 by A.M. Best Rating Services, Inc. and/or its subsidiaries. ALL RIGHTS RESERVED.
(Singapore), a wholly owned subsidiary of China Taiping Insurance
Holdings Company Ltd. The outlook of these Credit Ratings (ratings) is
stable.
The ratings reflect CTIS’ track record of strong earnings
and solid risk-adjusted capitalization. CTIS has recorded good
underwriting results despite challenging market conditions. With a
leading market share in Singapore’s bond insurance market, CTIS is able
to offer product bundling with its profitable bond business, which has
resulted in favorable claims experience. The company’s operating
performance has outperformed the industry average in each of the past
years leading up to 2016.
An offsetting rating factor is CTIS’
exposure to the construction industry, as claims experience could be
impacted negatively by economic cycles in the construction sector.
Furthermore, the company’s expense ratio has been rising due to expenses
incurred, as it grows in Singapore and across Southeast Asia.
Positive
rating actions are unlikely in the near term. Negative rating actions
may occur if there is material deterioration of CTIS’ risk-adjusted
capitalization or operating results from expansion initiatives.
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 A.M. 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 A.M. Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Best’s Credit Ratings.
A.M. Best is the world’s oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.
Copyright © 2017 by A.M. Best Rating Services, Inc. and/or its subsidiaries. ALL RIGHTS RESERVED.
Contacts
A.M. Best
Faith Tan
Financial Analyst
+65 6589 8400, ext. 212
faith.tan@ambest.com
or
Chi Yeung Lok
Associate Director
+65 6589 8400, ext. 211
chi-yeung.lok@ambest.com
or
Christopher Sharkey
Manager, Public Relations
+1 908 439 2200, ext. 5159
christopher.sharkey@ambest.com
or
Jim Peavy
Director, Public Relations
+1 908 439 2200, ext. 5644
james.peavy@ambest.com
Faith Tan
Financial Analyst
+65 6589 8400, ext. 212
faith.tan@ambest.com
or
Chi Yeung Lok
Associate Director
+65 6589 8400, ext. 211
chi-yeung.lok@ambest.com
or
Christopher Sharkey
Manager, Public Relations
+1 908 439 2200, ext. 5159
christopher.sharkey@ambest.com
or
Jim Peavy
Director, Public Relations
+1 908 439 2200, ext. 5644
james.peavy@ambest.com
Source: A.M. Best
A.M. BEST AFFIRMS CREDIT RATINGS OF CHINA TAIPING INSURANCE (SINGAPORE) PTE. LTD.
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