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Archive for February 24th, 2016

Senior Leaders Say Big Data, Misaligned Incentives and Bureaucracy Lead to Bad Decision Making

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KUALA LUMPUR, Malaysia /PRNewswire/ — Senior leaders are struggling to make the right decisions, with 72% of organisations admitting to at least one strategic initiative failing in the last three years because of flaws in their decision making process, according to a research from the Chartered Institute of Management Accountants (CIMA) and the American Institute of CPAs (AICPA).  Information overload, excessive bureaucracy, lack of trust and incentives that are not aligned with goals were all cited as contributors to poor decision making in businesses globally.

The ‘Joining the Dots: Decision making for a new era’ report surveyed board-level executives at large organisations from 16 countries. It revealed that not only do executives admit to poor decision making, more than three quarters (80%) say flawed information has been used to make strategic decisions, with 42% admitting their organisation has lost competitive advantage because of slow decision making.

The top causes of poor decision making identified in the report are:

  • Information overload: 36% say their organisation is not coping with information overload, and 32% say big data has actually made things worse, while 37% say it has helped. For those that can gain greater mastery of big data, there is a significant opportunity to gain a competitive advantage. Among high performing organisations, 86% are already assessing the management information they need by focusing on the key value drivers of the business model.
  • Bureaucracy: Nearly a third, 29%, say the single biggest barrier to more effective decision making is coordination problems caused by organisational silos and bureaucracy.
  • Trust and collaboration: 43% say their level of trust in fellow executives needed improvement and 57% saymore active collaboration is required to improve decision making.
  • Incentive structures: 61% of bosses admit their organization’s incentive structures aren’t encouraging right decisions for short, medium and long-term value.

Charles Tilley, Chief Executive of CIMA, commented: “Organisations need to treat decision making as a business-critical process to be professionalised then continually improved. Leaders need to think in an integrated way, meaning to have a clear and defined business model and relate all decisions back to it; quickly gather andanalyze all relevant information from all parts of the business; and focus on key performance indicators rather than gut instincts or hearsay.”

Siew Lian
+6012-5023-985
chan.siewlian@cimaglobal.com

Source: Chartered Institute of Management Accountants (CIMA)

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February 24, 2016 at 5:31 pm

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Jewellery & Gemstone Directory 2016 – Southeast Asia Edition Receives Positive Response

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-UBM Asia’s Jewellery Publishing Group offers online preview and special introductory rate

HONG KONG /PRNewswire/ — UBM Asia’s Jewellery Publishing Group reports strong demand for its latest annual title, the Jewellery & Gemstone Directory 2016 – Southeast Asia edition, the first comprehensive sourcing guide for trade buyers seeking business opportunities in the region’s manufacturing and distribution sectors.

Cover image of the Jewellery & Gemstone Directory 2016 - Southeast Asia edition
Cover image of the Jewellery & Gemstone Directory 2016 – Southeast Asia edition

Published for the first time in November 2015, the new directory features more than 1,300 listings of manufacturers and retailers in Indonesia, Malaysia, the Philippines, Singapore and Thailand. The Manufacturers section presents suppliers of jewellery, gemstones, diamonds, pearls and synthetics in easy-to-navigate sections. Also included are gemmological laboratories, trade organisations and training establishments. Meanwhile, the Retailers section lists jewellery shops, chain stores and wholesalers. An online preview, highlighting the various sections of the directory, can be accessed at www.jewellerynewsasia.com/JNA/2016/JGD_SEA.

Southeast Asia has captured the attention of the jewellery industry as both a manufacturing hub and a thriving consumer market. Response to our Jewellery & Gemstone Directory 2016 – Southeast Asia edition has thus been extremely positive, attesting to our Group’s mandate to produce top-quality, relevant and reliable publications that the global jewellery industry can rely on for their business requirements. We are pleased to offer an online preview of the directory to showcase to the trade the value and importance of our latest launch,” says Dennis Li, Group Publisher, Jewellery Publishing Group of UBM Asia.

Normally priced at US$100, the Jewellery & Gemstone Directory 2016 – Southeast Asia edition is available at a special introductory rate until March 15, 2016. Interested parties can purchase their copy at UBM Asia’s booths at the Bangkok Gems & Jewelry Fair (Booth number K51 & L52) from February 24 to 28, and the Hong Kong International Diamond, Gem & Pearl Show (UBM Asia Corporate Booth on Level 1 Concourse) and Hong Kong International Jewellery Show (Booth number 5D-C02) from March 1 to 7, 2016 or place an order atwww.jewellerynewsasia.com/en/JGD-SEA.html

The publication will also be available at other major international jewellery trade fairs including the Jewellery & Gem Fair – Europe, the June and September Hong Kong Jewellery & Gem Fairs, and the China International Gold Jewellery & Gem Fair.

For more information, please email olivia.quiniquini@ubm.com

Media Contact:
+852 2516 1683
Marketing@jewellerynewsasia.com

Notes for Editors:

1. About Jewellery Publishing Group

JNA (Jewellery News Asia), first published in 1983, is the flagship publication of UBM Asia’s (www.ubmasia.com) Jewellery Group. This industry pioneer is recognised as Asia’s most authoritative information resource for the gemstone and jewellery sector, providing reliable and accurate coverage through its print and online platforms. Established in 1994, CJNA (Jewellery News Asia – Chinese Edition) is a monthly business magazine designed to serve the jewellery industry’s key decision makers and top buyers in Great China. In 2006, SILVERSTYLES, the ultimate business resource on the latest silver jewellery trends, was introduced.  

The Jewellery Publishing Group also produces the Jewellery & Gemstone Directory – Hong Kong Edition, Jewellery & Gemstone Directory – Southeast Asia Edition, Equipment & Supplies Directory, Silver Jewellery Suppliers Directory, Show Daily, Pearl Report, Gems World, and Trade Fair & Conference Guide.

2. About UBM Asia (www.ubmasia.com)

Owned by UBM plc listed on the London Stock Exchange, UBM Asia is the largest trade show organiser in Asia and the largest commercial organiser in China, India and Malaysia. Established with its headquarters in Hong Kong and subsidiary companies across Asia and in the US, UBM Asia has a strong global network of 32 offices and 1,300 staff in 24 major cities. We operate in 19 market sectors with 230 events, 28 trade publications, 18 online products for over 2,000,000 quality exhibitors, visitors, conference delegates, advertisers and subscribers from all over the world.

UBM Asia was awarded ‘Asia’s Most Reliable Trade Show Organizer Award’ in Hong Kong’s Most Valuable Companies Awards (HKMVCA) 2016.

Photo – http://photos.prnasia.com/prnh/20160222/8521601125
Logo – http://photos.prnasia.com/prnh/20150730/8521504987LOGO

 

Source: Jewellery News Asia

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February 24, 2016 at 5:05 pm

Posted in Uncategorized

Nexen Tire Appoints President Travis Kang as New CEO

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— President Kang to assume the role of Nexen Tire’s new Chief Executive Officer
— Raising expectations for a fast and dramatic approach to investment through new leadership

SEOUL, South Korea /PRNewswire/ — Nexen Tire, a leading global tire manufacturer, announced that President Travis Kang, son of Nexen Tire Chairman Byung-Joong Kang, has been appointed CEO of the company at the general shareholders’ meeting held on February 17.

Nexen Tire Appoints President Travis Kang as New CEO
Nexen Tire Appoints President Travis Kang as New CEO

The company’s decision to bring new leadership is raising expectations for the company. “We expect that President Kang’s strong leadership will help us take a fast and dramatic approach in business policies based on long-term plans in order to make quick and bold investment for the company,” said Nexen Tire.

After graduating with a degree in Business Administration from Yonsei University and receiving a master’s degree from the Business School of Seoul National University, President Kang joined Nexen Tire in March 2001. Since then, he held various positions including Managing Director of the Business Planning Office, President of the Sales Division and President of Strategic Planning.

Throughout 15 years of his career at Nexen Tire, he has been working closely with his employees to facilitate sales activities, especially in international and OE tire markets, contributing to the business expansion of Nexen Tire. He also has been leading the company’s various sports marketing activities such as Manchester City Football Club sponsorship in 2015 to strengthen Nexen Tire’s brand power in the globe.

Meanwhile, Nexen Tire has been strengthening its global presence with a focus on the European market. InOctober 2015, the company started the construction of a new tire manufacturing plant in the Czech Republic, which will feature the most advanced automation systems along with environmentally friendly technologies. Commercial operation is planned to commence in 2018.

About Nexen Tire

Nexen Tire, established in 1942, is a global tire manufacturer headquartered in Yangsan, South Gyeongsang Province, and in Seoul, South Korea. Nexen Tire, one of the world’s fastest growing tire manufacturers, works with 491 dealers based in 141 countries around the world (as of July 2015) and owns three manufacturing plants — two in Korea (Yangsan and Changnyeong) and one in Qingdao, China. Another plant in Zatec, Czech Republicwill be operational by 2018. Nexen Tire produces tires for passenger cars, SUVs, and light trucks with advanced technology and excellence in design. The company also focuses on producing UHP tires, which are based on advanced technologies. Nexen Tire supplies OE tires to global car makers in various countries around the world. In 2014, the company achieved a grand slam of the world’s top 4 design awards for the first time amongst the various tire makers in the world. For more information, please visit http://www.nexentire.com.

Photo – http://photos.prnasia.com/prnh/20160218/8521601017

Source: Nexen Tire
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February 24, 2016 at 4:48 pm

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Community Business Announces Seven Award Sponsors for 2016 Hong Kong LGBT Inclusion Awards

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Nomination period ends on 26 February 2016

HONG KONG /PRNewswire/ — Community Business, a not-for-profit organisation promoting responsible and inclusive business and a thought leader on Diversity & Inclusion in Asia, today announces that its 2016 Hong Kong LGBT Inclusion Awards (the LGBT Awards) have received encouraging support from the corporate sector. Seven award categories have been sponsored byAllen & Overy, Bank of America Merrill Lynch, BNY Mellon, Goldman Sachs, Herbert Smith Freehills, HSBC and J.P. Morgan. These sponsorships will sustain Community Business’ on-going work to promote LGBT inclusion in Hong Kong and Asia. The awards are now open for nominations until Friday 26 February 2016.

The Hong Kong LGBT Inclusion Awards are the only awards honouring and celebrating LGBT Inclusion in Hong Kong. Recognising the role of these awards in promoting LGBT equality and inclusion in the Hong Kong workplace and community, award nominations will be assessed based on the extent to which they are strategic, proactive, impactful and sustainable. To ensure impartiality, companies are not able to submit for any award that they are sponsoring and the winners of the 2015 awards are not eligible to submit for the same award in 2016.

“We commend these enlightened companies for demonstrating their leadership and commitment to promoting LGBT inclusion in Hong Kong,” said Mrs Fern Ngai, CEO of Community Business. “They recognise that the corporate sector has an influential role to play in changing mindsets of key stakeholders – including employees, customers, and the wider community. We are proud to be working in partnership with these sponsors to bring about change.”

Following a strong response in the first year of the launch of the Hong Kong LGBT Workplace Inclusion Index and Awards in 2015, Community Business has introduced a number of important new awards for 2016.

CORPORATE AWARDS

1.  LGBT Network Award

  • To recognise an employee network that has played a proactive role in promoting strong engagement with and commitment to local Hong Kong LGBT employees

2. LGBT Workplace Inclusion Initiative — Corporate — sponsored by BNY Mellon

  • To recognise an initiative introduced by a company that has had a significant and positive impact in promoting LGBT workplace inclusion in their workplace in Hong Kong.

Steve Lackey, BNY Mellon’s Chairman of Asia Pacific said, “BNY Mellon is pleased to join Community Business to champion the increasingly important role businesses play in cultivating safe and inclusive environments for talent. We believe diverse and inclusive environments that foster an open workplace and encourage creative thinking provide a competitive edge for global talent. Through this award we celebrate LGBT-inclusive workplace leaders in Hong Kong.”

3. LGBT Workplace Inclusion Initiative — SMEsponsored by Herbert Smith Freehills

  • To recognise an initiative introduced by a small and medium-sized enterprise (SME)* that has had a significant and positive impact in promoting LGBT workplace inclusion in their workplace in Hong Kong.

Will Hallatt, Senior Registered Foreign Lawyer (England and Wales) at Herbert Smith Freehills said, “Small business is the traditional lifeblood of Hong Kong commerce. In sponsoring this award we hope to find strong nominations which demonstrate that LGBT initiatives are not only possible for small businesses in Hong Kong, but can also be as effective and innovative as those undertaken by larger corporations.”

*According to the Hong Kong SAR government’s definition, an SME is a manufacturing business which employs fewer than 100 persons in Hong Kong or a non-manufacturing business which employs fewer than 50 persons in Hong Kong.

INDIVIDUAL AWARDS

1. LGBT Ally Award — sponsored by Allen & Overy

  • To recognise an ally who does not identify as LGBT based in Hong Kong who has taken proactive and effective steps to promote an LGBT inclusive culture in the organisation

2. LGBT Executive Sponsor Award — sponsored by J.P. Morgan

  • To recognise a senior executive sponsor based in Hong Kong who has used his/her influence to promote LGBT inclusion internally and/or externally

Hannes Hofmann, Managing Director and Head of the Asia Global Investment Opportunities Group at J.P. Morgan Private Bank, said, “Leadership that understands differences, embraces diversity and fosters inclusion can create an environment of trust and respect in which people speak their mind. That in turn will empower people to realize their full potential in a workplace.”

3. LGBT Inclusion Champion Award

  • To recognise an employee based in Hong Kong who has taken proactive and effective steps to create an LGBT inclusive culture in their organisation

4. LGBT Youth Champion Award —  sponsored by Bank of America Merrill Lynch

  • To recognise a young person who has taken proactive and effective steps to promote LGBT inclusion amongst young people at their place of study, in their community or in their organisation (not private sector) in Hong Kong

“Providing an inclusive workplace for all employees is essential. We support a business environment that enables everyone to be themselves at work and gives them the freedom to achieve their goals for successful, impactful careers,” said Steven Victorin, executive sponsor of the LGBT Pride and Ally network and head of Asia Pacific Corporate Banking and Global Corporate Banking Subsidiaries at Bank of America Merrill Lynch. “Our sponsorship of the LGBT Youth Champion Award reflects our commitment to diversity as a responsible company.”

5. Transgender Inclusion Champion Award  sponsored by HSBC

  • To recognise an individual/organisation who has taken a proactive role in raising awareness and championing transgender issues in Hong Kong

Kevin Martin, HSBC Group General Manager, Regional Head of Retail Banking and Wealth Management, said, “Our fundamental belief that inclusion for everyone is at the heart of all good businesses and societies underlies how we, at HSBC, conduct our business. We are proud to support the Community Business Transgender Inclusion Champion Award and look forward to recognising those who push for greater inclusion in Hong Kong and beyond.”

COMMUNITY AWARDS

1. LGBT Advocacy Award

  • To recognise an individual / organisation that has advocated for legal and/or social change and progress around LGBT inclusion in Hong Kong

2. LGBT Community Impact Award — sponsored by Goldman Sachs

  • To recognise a community-based LGBT initiative that has had a significant positive impact in promoting LGBT inclusion in Hong Kong in 2015

“We are honored to sponsor the LGBT Community Impact of the Year Award for a second year.  Participation from all sectors of society is needed to drive change, and we are pleased to work with Community Business to recognize the work done by local organizations, NGOs and community groups,” said James Houghton, Head of Asia Pacific ex-Japan Fixed Income, Currency and Commodities Distribution and Sponsor of the Hong Kong LGBT Network at Goldman Sachs

3. LGBT Marketing Campaign Award

  • To recognise a marketing campaign in mainstream or social media which has incorporated and/or promoted LGBT inclusion in Hong Kong

The shortlisted finalists will be disclosed in April 2016 and the winners of the awards will be announced at the 2016 Hong Kong LGBT Inclusion Awards Gala Dinner on Tuesday 17 May 2016 in commemoration of the International Day Against Homophobia and Transphobia (IDAHOT).  The Gala Dinner will also be a fundraising event to ensure the ongoing sustainability of Community Business’ work to promote LGBT inclusion in Hong Kong and across the Asia region.

For details about the 2016 Hong Kong LGBT Inclusion Awards, including sponsorship and the nomination process, please visit: http://bit.ly/HKLGBTa16, contact Ivy Wong (ivy.wong@communitybusiness.org) or follow the hashtag #time4changeHK.

NOTES TO EDITOR:

Media Contacts:

Joy TSANG

Head of Marketing & Communications

 +852-2201-1818; +852-9486-4364;

joy.tsang@communitybusiness.org

Andrew TSANG

Marketing & Communications Associate

+852-2201-1832; +852-2152-1889

andrew.tsang@communitybusiness.org

About Community Business

Community Business is a not-for-profit organisation (Hong Kong Charity Number 91/6560) whose mission is to lead, inspire and support businesses to have a positive impact on people and communities. Recognised as a thought leader in corporate responsibility and diversity and inclusion in Asia, Community Business conducts research, facilitates networks and events, leads campaigns and provides consultancy and training. With a focus on Responsible Business, our work is aligned to 5 mission-led themes:

  • Investing and supporting local communities
  • Tackling inequality in the workplace
  • Ensuring happy, healthy, and engaged employees
  • Promoting social inclusion
  • Building responsible business leadership

Founded in 2003 and based in Hong Kong with a presence in India and the United Kingdom, Community Business works with companies of all sizes and from diverse industries across Asia, harnessing the power of business to drive social change. For more information, please visithttp://www.communitybusiness.org.

©2016 Community Business Limited. All rights reserved. Reproduction and dissemination of this document (in whole or in part) is not allowed without prior written permission of Community Business Limited and due acknowledgment of authorship. If use of this document (in whole or in part) will generate income for the licensee, prior written permission to that effect must be obtained from Community Business Limited. To obtain permission, write to ip@communitybusiness.org.

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February 24, 2016 at 4:33 pm

Posted in Uncategorized

Megaport Partners with Akamai to Boost User Experience via Megaport Elastic Interconnection Fabric

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-Megaport’s Award-Winning Platform Enables Direct Connections to Akamai’s CDN Platform

BRISBANE, Australia and SAN FRANCISCO /PRNewswire/ — Megaport, a global leader in software defined networking (SDN) based elastic interconnection, today announced that Akamai is connecting its Intelligent Platform® to the Megaport Elastic Fabric in all of Megaport’s global markets to distribute content delivery network (CDN) services to Megaport customers.

Denver Maddux, CEO, Megaport
Denver Maddux, CEO, Megaport

 

With the onboarding of Akamai’s Intelligent Platform®, Megaport will make it easy for customers to provision direct connections to Akamai’s CDN platform in any market where Megaport has a presence.  Localising traffic through direct connections with Akamai enables fast and reliable access to key content.

Denver Maddux, Chief Executive Officer, Megaport said: “The addition of Akamai to the Megaport ecosystem maps perfectly to our global footprint.  Giving Megaport’s customers the ability to access localised traffic in key markets ensures better performance and delivers efficiencies in scaling capacity by limiting the amount of backhaul necessary to deliver content.”

Christian Kaufmann, Senior Director Network Services at Akamai Technologies added: “The Akamai Intelligent Platform is already deployed in more than 1,400 networks. Our global agreement with Megaport provides further options to interconnect and bring popular web content closer to end-users. As such we are aiming to reduce bandwidth costs while joining forces to improve web experience for more people around the globe.”

Megaport operates in 54 data centres across thirteen markets in Australia, New Zealand, Singapore, Hong Kong, andUnited States and is currently expanding its presence into additional data centres in North America and Europe in key markets including Toronto, London, Dublin, Amsterdam, and Stockholm.

To learn more about Megaport’s SDN-based interconnection fabric and continued expansion into North American markets, please visit https://megaport.com.

Supporting Resources

About Megaport

Megaport is a global leader and pioneer in elastic interconnection. Established in 2013 and founded by Bevan Slattery, Megaport built the world’s first SDN-based neutral elastic fabric changing the way enterprises, networks, and services interconnect. The high demand for interconnects and the need to change the way bandwidth is acquired has pushed Megaport into new markets globally with full integration into the U.S. market expected by the end of 2016. Megaport has been built by a highly experienced team with extensive knowledge in building large scale global carrier networks. To learn more about Megaport, please visit: www.megaport.com.

Logo – http://photos.prnasia.com/prnh/20150203/8521500675LOGO
Photo – http://photos.prnewswire.com/prnh/20160222/336163

Source: Megaport

Related stocks: Australia:MP1

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February 24, 2016 at 3:29 pm

Posted in Uncategorized

Siam Piwat Introduces Revolutionary Retail Concept to Thailand – New ‘Siam Discovery’ Opening Q2/2016 As Thailand’s First Hybrid Retail Store

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— Invests US$112 million in stunning new building and interior by ‘nendo’
— Aims to reinforce position as ‘thought leader’ in retail development

BANGKOK  /PRNewswire/ – Siam Piwat Co., Ltd., the owner and operator of prestige retail developments such as Siam Paragon, Siam Center, Siam Discovery, and Paradise Park, as well as the joint venture partner of ICONSIAM, today, announced that it is introducing a revolutionary new retail concept toThailand with the opening of the new Siam Discovery retail destination in the second quarter of 2016, after aUS$112 million re-build.

Mrs. Chadatip Chutrakul, Chief Executive Officer of Siam Piwat Co., Ltd. said: “The new Siam Discovery is the first hybrid retail destination in Thailand. We have created a venue where thousands of lifestyle brands are brought together under a single universal concept that puts customers at the centre. That means everything presented at Siam Discovery is not organized by brand, or category, as in traditional retailing, but by visitors’ interests, because our purpose is no longer just to sell products but to provide an extraordinary and emotional experience that allows visitors to discover and express themselves.

“We then enhance that experience by adding a very strong story-telling component. As visitors move through the various parts of Siam Discovery, they are immersed in the intangibles of a brand and a category. They are also drawn into stories relevant to their interests, their beliefs, as well as trends, rather than just being presented a selection of products.

“These experiences are highly interactive and with lots of opportunities for visitors to personalize their purchases. We also empower visitors to make statements about their life preferences, whether it be about sustainability or a love of nature, and to support those preferences through their purchases, and through occasions to interact with like-minded people and communities. And then we further enhance those experiences through the power of the most advanced digital technology. It’s a totally new and an extraordinarily exciting way of presenting products and their associated lifestyles,” she said.

“Our role as a retailer has advanced to another level and become one of managing visitors’ experiences and emotions, rather than just one of managing products, categories and displays,” she said.

“We target all genders and age groups, and estimate doubling Siam Discovery’s per-square-metre sales within a year,” Mrs. Chutrakul said.

She added that over 5,000 international and local brands are offered, and include everyday products, sustainability products, trend products, as well as collaboration and limited edition collections.

Mr. Oki Sato, the founder of ‘nendo’ and one of the world’s top designers who was voted as among the ‘100 Most Respected Japanese’ by Newsweek Magazine, provided the overall design inspiration for the new Siam Discovery. It is nendo’s largest project, ever, and his first in Thailand.

Mrs. Chutrakul said, “Siam Piwat looks at the future from a global perspective rather than just the potential of the Thai market. In line with our growth strategy, we are creating destinations that can compete with the best of the world and which support Thailand in becoming a retail and entertainment paradise. The new Siam Discovery will reinforce Bangkok’s appeal as the retailing capital of the ASEAN Economic Community.”

She expects the new Siam Discovery to attract, in the first year, 100,000 visitors a day, with around 35% being international visitors.

Photo – http://photos.prnewswire.com/prnh/20160223/336233

Source: Siam Piwat Co., Ltd.

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February 24, 2016 at 3:18 pm

Posted in Uncategorized

Fast, Reliable and Convenient Money Transfer Right in Your Neighborhood Store

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-Western Union Money Transfer service available through Kiosks in Circle K and Sunkus Shops

TOKYO, Japan /PRNewswire/ — Along with Mt. Fuji, sushi and bonsai, Japan is also known for its vast number of vending machines. With a land area of 364 thousand square kilometers[1], there are about 5.5 million vending machines[2] or 15 vending machines per square kilometer in Japan, one of the highest penetration rate per land area in the world. Japan is recognized as a world leader in robotics and manufacturing automation, thus Japanese are just so accustomed to these automated machines.

Western Union Money TransferSM service available in a kiosk inside a Sunkus store
Western Union Money TransferSM service available in a kiosk inside a Sunkus store

It is then no surprise that Western Union, a leader in global payment services, has chosen to expand its retail network with Densan System Company Ltd (DSK), an IT solution provider in e-commerce and payments, through its sub-agent, Circle K Sunkus Co., Ltd (CKSU)’s vast kiosk footprint. CKSU, whose channel includes Circle K shops and Sunkus shops, currently has more than 6,000 kiosks installed in their locations around the country.

Having Western Union money transfer service available in CKSU’s kiosks allows consumers to send money in a fast, reliable and convenient way. These kiosks operate every day except during service maintenance schedules beyond the normal banking hours of 9am to 9pm. Consumers can also select from 9 languages – Japanese, English, Chinese, Tagalog, Portuguese, Spanish, Vietnamese, Bahasa Indonesia and Thai.

Western Union’s reliable global footprint allows consumers to send money to over 500,000 Agent locations[3] in 200 countries[3] and territories or to over 1 billion accounts[3] by using the kiosks.

“As we grow, we will continue to invest to provide consumers with more solutions and options that meet their changing needs. This is why we are very pleased with the collaboration that we have with DSK and their sub-agent CKSU. With more than 6,000 kiosks, we are able to offer options that meet the needs of our users to send money in a convenient and reliable way,” commented Eiji Kobayashi, Western Union Country Director for Japan.

The world’s population is becoming increasingly transient with more and more people working and living away from their city or country of birth. In 2014, the Labor Ministry estimated the number of foreign workers living inJapan on a short stay basis at 790,000[4] while the Department of Statistics estimates a total of 17 million foreigners[5] living in Japan – including those on short and long stay. The capability to transfer money internationally in a secure, reliable and convenient manner is becoming more important in Japan.

“We believe that the commencement of the service through Circle K Sunkus, which has more than 2,100 stores in 4 Tokai prefectures and more than 6,300 stores nationwide, will provide greater convenience to more than 50,000 registered users of the Western Union® Money TransferSM service via convenience stores in Japan, including approximately 14,000 registered users of the service in 4 Tokai prefectures” says Yasunori Tanaka, President and COO of Densan System Co., Ltd.

About Western Union

The Western Union Company (NYSE: WU) is a leader in global payment services. Together with its Vigo, Orlandi Valuta, Pago Facil and Western Union Business Solutions branded payment services, Western Union provides consumers and businesses with fast, reliable and convenient ways to send and receive money around the world, to send payments and to purchase money orders. As of September 30, 2015, the Western Union, Vigo and Orlandi Valuta branded services were offered through a combined network of over 500,000 agent locations in 200 countries and territories and over 100,000 ATMs and kiosks, and included the capability to send money to hundreds of millions of accounts. In 2014, The Western Union Company completed 255 million consumer-to-consumer transactions worldwide, moving $85 billion of principal between consumers, and 484 million business payments. For more information, visit www.WesternUnion.com.

About Densan System Co., Ltd

Founded in Gifu prefecture in 1967, Densan System Co., Ltd. (DSK, Japan Stock Ticket Number: 3630) is an independent and integrated IT service provider, operating in two business domains, IT services and payment agency services. In the IT service sphere, DSK provides software development, system integration services, data center and business process outsourcing services. In the payment agency service sphere, DSK initiated payment agency services via convenience stores in 1997 as the first private company to offer such services, and has been expanding payment services as an integrated payment service provider. DSK became the agent of Western Union in 2011, and started international money transfer services via FamilyMart kiosk terminals and its sub-agent retailor channels.  For more information, visit http://www.densan-s.co.jp/.

About Circle K Sunkus Co., Ltd

Formed in 2001, Circle K Sunkus is a convenience store chain whose primary goal is to cater to the needs of small neighborhoods by providing personal and convenient service. Circle K Sunkus oversees the Circle K and Sunkus convenience store networks operating 6353 stores in 36 prefectures from the northern island of Hokkaidoto the southern island of Kyushu. Its vision is to “Bring the Highest Customer Satisfaction” to every neighborhood where there is a Circle K or Sunkus store. As of February 2015, Circle K Sunkus reported an operating revenue of148,110 million yen and 1816 employees.

Photo – http://photos.prnasia.com/prnh/20160222/8521601113

Source: Western Union Financial Services, Inc.

Related stocks: NYSE:WU Tokyo:3630

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February 24, 2016 at 2:58 pm

Posted in Uncategorized

Telstra Selects Enterprise Immune System

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-Leading APAC Telco Deploys Darktrace’s Self-Learning Technology for Stronger Cyber Defence

SINGAPORE  /PRNewswire/ — Darktrace, the leader in Enterprise Immune System technology, announces its partnership with leading Asia Pacific telecommunications company, Telstra. The company has selected Darktrace’s next-generation, cyber-threat detection technology to strengthen its internal security and defence strategy.

Headquartered in Melbourne, Australia, Telstra is the leading telecommunication services provider in the Asia Pacific region. It builds and operates telecommunication networks and markets a variety of products, including broadband internet, fixed and mobile phone lines, network services, digital television and other entertainment products.

With an annual revenue of more than 25 billion Australian dollars, a global workforce of more than 36,000 people and a large customer base, the company considers cyber security to be a key strategic challenge and opportunity. It wanted to embrace the latest technological innovations in the cyber security industry to benefit from an enhanced understanding of its networks and for better defence against emerging cyber-threats, both internal and external.

Telstra decided to deploy Darktrace’s award-winning Enterprise Immune System across its enterprise network because of its unique capability to spot abnormal behaviours in real-time within the organisation. Powered by machine learning and mathematics developed at the University of Cambridge, UK, Darktrace detects in-progress cyber-threats and then alerts the organisation. In addition, Darktrace’s Threat Visualizer enables prompt investigations, triages, response and risk mitigation, allowing Telstra to keep pace with today’s dynamic business environment.

Darktrace appliances have been installed across Telstra’s enterprise data network. The Telstra discovery and security teams will use the distributed Darktrace Enterprise Immune System to achieve greater visibility of unusual behaviours and movement within its online environment. The company will now be able to investigate, respond and reduce the time to triage, whilst minimising potential impact.

“We are delighted to join forces with Darktrace to bring new, innovative technology to the cyber security challenge that all organisations are faced with,” said Mike Burgess, CISO Telstra. “Darktrace’s technology is unique in its ability to rapidly detect anomalous activity, irrespective of whether the behaviours are ‘known’ or ‘unknown’, as well as being able to visualise all network activity. By reducing the time taken to detect potential threats, Darktrace is strengthening Telstra’s internal security.”

“Darktrace and Telstra share a common vision for the future of cyber defence, based on understanding and knowing your organisation better than your adversary and using next-generation machine learning to automate the process of subtle threat detection,” said Nicole Eagan, CEO, Darktrace. “We are proud to work with Telstra to further this goal, and bring adaptive, immune system defence to more sectors across Asia Pacific.”

About Darktrace
Named ‘Technology Pioneer’ by the World Economic Forum, Darktrace is one of the world’s leading cyberthreat defence companies. Its Enterprise Immune System technology detects previously unidentified threats in real time, powered by machine learning and mathematics developed at the University of Cambridge, which analyse the behaviour of every device, user and network within an organization. Some of the world’s largest corporations rely on Darktrace’s self-learning appliance in sectors including energy and utilities, financial services, telecommunications, healthcare, manufacturing, retail and transportation. The company was founded in 2013 by leading machine learning specialists and government intelligence experts, and is headquartered in Cambridge, UK and San Francisco, including offices in Auckland, Boston, Chicago, Dallas, London, Los Angeles, Milan,Mumbai, New York, Paris, Seoul, Singapore, Sydney, Tokyo, Toronto and Washington D.C.

For more information on Darktrace, please visit: https://www.darktrace.com/.

Media Contact
Nicholas Tan
Edelman Singapore
Email: Nicholas.Tan@edelman.com
DID: +65-6494-1579

Source: Darktrace

Written by asiafreshnews

February 24, 2016 at 2:47 pm

Posted in Uncategorized

Gartner Recognizes ESET as a Visionary in its Latest Magic Quadrant Report for Endpoint Protection Platforms

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-ESET placed for the first time in the “Visionaries” Quadrant of Gartner’s 2016 Magic Quadrant for Endpoint Protection Platforms.

SINGAPORE  /PRNewswire/ — ESET®, a global pioneer in IT security for more than two decades, today announces that Gartner, Inc. has recognized it as a Visionary in the latest Magic Quadrant for Endpoint Protection Platforms*, a report published on February 1, 2016. ESET is positioned highest for its ability to execute in the Visionaries quadrant.

The latest Gartner Magic Quadrant for Endpoint Protection Platforms report evaluated 18 vendors on 10 weighted criteria and placed ESET in the “Visionaries” quadrant, moving it from its previous categorization in the “Niche Players” quadrant.

We consider our positioning in the Magic Quadrant for Endpoint Protection Platforms by Gartner as confirmation of ESET’s success in delivering technologically advanced, market-leading IT security solutions that enable enterprises and SMBs to achieve more with their businesses,” said Richard Marko, CEO at ESET. “We feel our continuous effort to deliver award-winning threat intelligence, balanced with usability, performance and agility, has been recognized.”

The new Gartner Magic Quadrant for Endpoint Protection Platforms report provides a comprehensive analysis of the top endpoint security vendors, and an overview of the endpoint protection platforms market. The full report is available at http://www.eset.com/int/business/gartner-magic-quadrant-endpoint-platforms/

* Gartner “Magic Quadrant for Endpoint Protection Platforms” by Peter Firstbrook, Eric Ouellet, February 1, 2016

Magic Quadrants provide a graphical comparative positioning of technology and service providers where market growth is high and provider differentiation is distinct. Magic Quadrants depict markets in the middle phases of their life cycle by using a two-dimensional matrix that evaluates vendors based on their “Completeness of Vision” and “Ability to Execute.”**

** Gartner,  How Markets and Vendors Are Evaluated in Gartner Magic Quadrants, David Black, Julie Thomas,Tim Weaver, 22 January 2016

Disclaimer

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About ESET

Since 1987, ESET® has been developing award-winning security software that now helps over 100 million users to Enjoy Safer Technology. Its broad security product portfolio covers all popular platforms and provides businesses and consumers around the world with the perfect balance of performance and proactive protection. The company has a global sales network covering 180 countries, and regional offices in Bratislava, San Diego,Singapore and Buenos Aires. For more information visit www.eset.com or follow us on LinkedIn, Facebook andTwitter.

Source: ESET

Written by asiafreshnews

February 24, 2016 at 2:24 pm

Posted in Uncategorized

MediaTek and Ericsson complete Wi-Fi calling Interoperability Testing to Expand Device Ecosystem

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-Testing ensures seamless Wi-Fi calling interworking between MediaTek based mobile devices and Ericsson Evolved Packet Core and Ericsson IP Multimedia Subsystem

HSINCHU  /PRNewswire/ — MediaTek and Ericsson today announced successful testing to enable Wi-Fi calling across advanced MediaTek powered mobile devices and Ericsson’s mobile network. The collaboration will bring the advantages of Wi-Fi calling to a significantly larger base of devices and end-users.

“Our collaboration with Ericsson, a technology leader in mobile networks, assures our broad customer base that MediaTek’s Wi-Fi interworking is state-of-the-art,” said Jeffrey Ju, Executive Vice President and Co-Chief Operations Officer at MediaTek. “The comprehensive testing is a validation of our SoC reference base and reinforces our goal to bring the best technology and experiences to users around the world.”

The comprehensive suite of testing between a MediaTek based mobile device and the Ericsson Evolved Packet Core and Ericsson IP Multimedia Subsystem (IMS) included registration, idle and active call mobility – for example between Wi-Fi and LTE – SMS, voice and video calling and emergency services Wi-Fi calling.

These features, already available on Ericsson’s mobile network solution, are now also offered on MediaTek helio X and P series SoC’s — starting from helio P10 — and on all new 4G LTE smartphone SoC platforms from MediaTek.

“Ericsson is pleased to see MediaTek’s reference platforms for smartphones pass all test cases for Wi-Fi calling interworking. This will contribute to boosting the device ecosystem for Wi-Fi calling, enabling more of our customers to launch this attractive service,” said Anders Olin, Head of Product Area Network Functions from Ericsson.

About MediaTek

Since 1997, MediaTek has been a pioneering fabless semiconductor company and a market leader in cutting-edge systems-on-chip (SoC) for mobile devices, wireless networking, HDTV, DVD and Blu-ray. Our tightly-integrated, innovative chip designs help manufacturers optimize supply chains, reduce the development time of new products, and extend a competitive edge in crowded markets. Through MediaTek Labs, the company is also building a developer hub that will support device creation, application development, and services for the Internet of Things era. By building technologies that help connect individuals to the world around them, MediaTek is enabling people to expand their horizons and more easily achieve their goals. We believe anyone can achieve something amazing. And we believe they can do it every single day. We call this idea Everyday Genius and it drives everything we do. Visit mediatek.com for more information.

About Ericsson

Ericsson is the driving force behind the Networked Society – a world leader in communications technology and services. Our long-term relationships with every major telecom operator in the world allow people, business and society to fulfill their potential and create a more sustainable future.

Our services, software and infrastructure – especially in mobility, broadband and the cloud – are enabling the telecom industry and other sectors to do better business, increase efficiency, improve the user experience and capture new opportunities.

With approximately 115,000 professionals and customers in 180 countries, we combine global scale with technology and services leadership. We support networks that connect more than 2.5 billion subscribers. Forty percent of the world’s mobile traffic is carried over Ericsson networks. And our investments in research and development ensure that our solutions – and our customers – stay in front.

Founded in 1876, Ericsson has its headquarters in Stockholm, Sweden. Net sales in 2015 were SEK 246.9 billion(USD 29.4 billion). Ericsson is listed on NASDAQ OMX stock exchange in Stockholm and the NASDAQ in New York.

MediaTek Press Office:
PR@mediatek.com

Kevin Keating, MediaTek
+1- 206-321-7295
10188 Telesis Ct #500, San Diego, CA 92121, USA

Joey Lee, MediaTek
+886 3-567-0766 # 31602
No. 1, Dusing 1st Rd., Hsinchu Science Park, Hsinchu City 30078, Taiwan

 

Source: MediaTek Inc.

Related stocks: OTC-PINK:MDTKF Taiwan:2454

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Written by asiafreshnews

February 24, 2016 at 1:47 pm

Posted in Uncategorized