China’s Chongqing is being transformed into global investment destination, attracting international projects and talent
Most recently gaining international stature as the eastern terminus of the Chongqing-Sinkiang-Europe International Railway connecting Eurasia, the city of Chongqing in the western part of China has maintained its leading position in terms of GDP among the country’s provinces and direct-controlled municipalities for 13 consecutive quarters. The city has not only become one of the regions in the country experiencing the fastest economic growth, it is also the world’s largest laptop manufacturing base and the country’s largest automobile production base. The city is currently hosting the Chongqing International Talent Innovation Entrepreneurship Symposium, the grand international gathering event for professionals worldwide, with the mission of recruiting the best that the world can offer in term of talent from all over the world.
Since 2014, Chongqing has maintained a double-digit GDP growth rate, topping China’s other provinces and cities, creating the “Chongqing” phenomenon passionately discussed by the country’s financial and business communities.
The rapid economic growth coupled with an industrial restructuring has led to the inland city’s strong demand for talent. By 2020, the city’s key emerging industry segments are expected to need over 60,000 R&D specialists, 80,000 IT professionals and 110,000 individuals with skills in other sectors, translating into a recruitment drive calling for more than 250,000 skilled talents.
Considering the increasing cost of living in the country’s eastern provinces and cities, many professionals from these regions have chosen to relocate to some of the country’s inland cities, including Chongqing. With the amount of investment that has been heaped on the latest hotspot, Chongqing Liangjiang New Area, the city has become very attractive to the China’s young generation of university graduates. Similar to Shanghai Pudong New Area and Tianjin Binhai New Area, Liangjiang New Area, located at the intersection of one of the main routes of the One Belt, One Road initiative, the Chinese government’s program to enhance ties with the countries of Eurasia, and the Yangtze River Economic Belt, has become an area targeted by the central government for major development. Since 2010, the new area has been attracting foreign investment amounting to, on average, US$4 billion per year. The ongoing inflow of talent and capital is contributing to the city’s drive to transform itself into an international hub and port connecting the Yangtze River Belt to Central Asian and European markets.
With the demands being created by the city’s ongoing growth and the continuing influx of talent, Chongqing has identified the advantages that differentiate it from other rapidly growing cities as well as its unique requirements in terms of the rapidly increasing need for a professional workforce. The city is again hosting the Chongqing International Talent Innovation Entrepreneurship Symposium this year, attracting some of the world’s top professionals and most innovative projects. The municipality’s government and top event organizers look forward to building the symposium into the country’s brand gala event attracting overseas talent.
Debuting in 2015, this major event for the recruitment of the world’s leading talents has now been held for two consecutive years, convincing 347 top managers and executives to make the move while drawing in 212 projects backed by capital amounting to 4.52 billion yuan (approx. US$678 million). In 2016, over 400 top-level talented individuals from various parts of China as well as from 21 countries and regions worldwide attended the symposium in search of new opportunities.
Accordingly, in its recruitment drive, the symposium will continue to search for the best that the world can offer this year, holding competitions in Beijing, Shanghai and Shenzhen, as well as in Silicon Valley (US), Oxford (UK) and Singapore, in a move to bring in more projects and the necessary talent to assist in their management. The organizing committee commented that students from China studying in several other cities around the US including Chicago expressed their desire to see the competition expanded into other cities beyond Silicon Valley.
The popularity of Chongqing among professionals and other talented individuals is also attributable to the benefits and the salaries on offer. The city issued two circulars outlining the effort to bring in top-level managers: Several Preferential Policies and Regulations to Attract High-level Talent to Chongqing Municipality and Implementation Measures of the ‘Swan Goose Program’ on Attracting Domestic and Overseas Talent, stating that c-suite-level and similar managerial level professionals can enjoy a one-off relocation grant of up to 2 million yuan (approx. US$300,000). Incoming executives are rated according to the professional histories, and those with the top rating will earn an annual salary of not less than 2 million yuan (approx. US$300,000) while working in the city.
By virtue of its location in a gateway city that has chosen to make inclusiveness a core part of its philosophy, the new area will allocate not less than 100 million yuan (approx. US$15 million) in a talent fund, one billion yuan (approx. US$150 million) in an innovation and start-up fund and one million square meters in floor space for the housing of the incoming workforce every year.
As stipulated in its recently issued series of support policies, referred to as the Golden 10, Liangjiang New Area will contribute up to 50 million yuan (approx. US$7.5 million) to the required paid-up registered capital of leading companies that choose to relocate or establish a presence there. In terms of providing an equity stake, the new area will reward high-level talents employed by a technology or R&D firm that has granted them stock dividends or allowed them to earn income as a result of an equity transfer with a financial subsidy representing 50 percent of their contributions to the local economy.
The Golden 10 is now recognized as the strongest preferential policy worldwide by local media. The policy continuously receives positive feedback on China’s social media platforms.
SOURCE Chongqing Liangjiang New Area
CONTACT: Mingyi Xia, +86-23-6757-3989, firstname.lastname@example.org
IoT India Confex, India’s Most Comprehensive IoT Conference, to be Held in Bengaluru on 24th and 25th August
– Tata communications to expand LoRa connectivity in 60 cities in India by 2018
– UK-based LetsTrack, a real-time tracking app to announce their India expansion at IoT India Confex
– UK-based MultiTech Designs to deliver World’s first commercially deployable LoRa based suite of communication devices at IoT India Confex
The IoT India Confex 2017, India’s most unique and comprehensive IoT conference, will be held on 24th and 25th August at Le Meridien Hotel in Vasanth Nagar, Bengaluru. Organized by Aayera, supported by Department of Telecommunications & Ministry of Communications & Information Technology, the two-day IoT conference is an amalgamation of thought leaders, IoT solution providers, IoT solution seekers, start-ups, state IT secretaries, government officials and investors from across the globe.
V.S Shridhar, Senior Vice President for Tata Communications; Damodar Sahu, Consultant partner & Head, IoT for Wipro Limited; Dr. Neena Pahuja, Director General ERNET India, Department of Electronics & IT; Vikrant Sankhe, Executive General Manager for Siemens are some of the prominent speakers at the event. They will be joined by industry leaders like Sandip Datta – IoT Country Head, IBM Watson for IBM India Pvt. Ltd. and Mr. Ramesh Verma, President for The VR/AR Association.
IoT India Confex will focus on industries like Industrial IoT, LPWAN connectivity, Smart cities, Healthcare IoT, Wearables & VR, Connected and autonomous vehicles, Blockchain, Enterprise IoT, Manufacturing & Supply, IoT Architecture, IoT Data analytics & AI, Sports & entertainment, IoT security and agriculture.
Syed Fareed Ahmed, IoT expert and Project Director, Aayera adds, “IoT is one of the most talked about technologies in India. The next big step is towards implementation of IoT across different industries and sectors. The IoT India confex is a business driven event that brings together solution providers and solution seekers under one roof to discover the most disruptive IoT solutions.”
The following are the highlights of the event:
– Connectivity IoT: Partnerships and collaboration to maximize LPWAN (Low Power Wide Area Network) success. Looking beyond the technology to understand what will Make LPWAN successful
– Industrial IoT: Future of Internet of manufacturing, Generating the new ecosystem for Industries 4.0 – Enabling horizontal cross company value chains by new partnerships and business models
– Healthcare IoT: Patient monitoring today and the role of artificial intelligence in future
– Automotive IoT: What IoT solutions should automotive OEMs need to implement for sophisticated connected vehicles
– Smart home: The role of retailers and advertisers – accelerating smart home product sales
– Wearables, AR & VR: The future of motion sensing in IoT
– Energy & Utilities: Internet of Things in energy & utilities
– LoRa connectivity: Creating game-changing opportunity with LPWAN
– Joining forces: Building an open, collaborative & secure ecosystem to deliver true IoT success
– Emerging IoT solutions for patient monitoring, prevention and mobile health
– The rise of industrial IoT – the next industrial revolution
– Smart cities: Creating smarter cities – future trends and best practices
– From fantasy to reality: Successfully launching connected/autonomous vehicles
– Looking ahead in wearables, AR & VR: From dream to essential
Attendees can look forward to two days of insightful sessions exploring Industrial IoT solutions and an exhibiting space to showcase the IoT solutions. Attendees can also network with potential business partners and discover new projects. IoT India Confex is an opportunity for attendees to evaluate, select and implement IoT solutions that improve business processes, create new revenue opportunities and drive business transformation.
More information can be found at the event’s official website http://iotindiaconfex.in/index.html
What: IoT India Confex
When: 24th and 25th August
Where: Le Meridien, 28, Sankey Road, Vasanth Nagar, Bengaluru, Karnataka 560052
About Aayera Events:
Aayera is a global business information firm that conducts, organizes and hosts conferences, summits, trainings and exhibitions. We have successfully conducted projects for international and local clients throughout the Middle East and the Levant. We handle a diverse portfolio, offering 360-degree solutions to a number of industries, encompassing Event Management & Promotions, Exhibitions and Marketing Communication.
Whether the ‘deal’ is capital raising, vendor sales contracts or sourcing a strategic partner, Aayera provides clients with an unprecedented, high-ROI environment for conducting business. An in-house team of experts conduct extensive research in conjunction with recognized thought leaders to ensure that all events are relevant, timely and at the forefront of market and industry trends.
Flexibility and adaptability are key concepts. Our team ensures that all events are detailed to the specific needs of our customers and that we will provide them with a customized and truly unique experience.
Aayera has on-the-ground presence in India, Saudi Arabia, Qatar, United Arab Emirates, United Kingdom and United States of America.
Yellow Door Energy, Elcome Sign Agreement and Will Begin Installation of a 311 kWp Rooftop Solar PV Plant
As an investor and owner-operator YDE will manage the construction, operation and maintenance of the solar plant for the next 20 years.
Yellow Door Energy (YDE), a Dubai-based firm that invests in and operates distributed solar and energy efficiency assets, announced today that it will begin the installation of a 311 kWp solar PV plant at Elcome’s headquarters located in Dubai Investments Park, Dubai, UAE. Elcome is one of the world’s leading marine technology system integration and services companies and employs a workforce of over 500 people in 11 countries. Yellow Door Energy will manage the construction, operation and maintenance of the solar PV plant for the next 20 years. The solar lease structure eliminates the need for Elcome to make a capital investment and take on operational risk, allowing them to focus on their core business.
The solar PV system will generate approximately 503,050 kWh per year and reduce CO2 emissions by 354 tons annually, which is equivalent to planting 9,162 tree seedlings per year. The EPC contractor for the project will be Enerwhere, a Dubai-based, DEWA-certified solar company specialized in commercial-industrial scale systems. Construction of the project will commence in September 2017and the plant is expected to be operational by the end of the year.
Jeremy Crane, CEO of Yellow Door Energy, said, “As a technology leader in Dubai for nearly 50 years, it is natural for Elcome to adopt solar power. We are excited to be able to provide them with an installation at zero cost, which offers them long-term savings.”
Jimmy Grewal, Executive Director of Elcome, said, “We design and deliver cutting edge electrical and automation systems for ships of all types, helping our customers improve the efficiency of their fleets. It was time for us to do the same for our headquarters in Dubai. The first step was to partner with Yellow Door Energy to source a significant portion of our power requirement from clean sources, while saving money in the process. We will be making investments in new energy consumption monitoring and management systems in the coming year to further reduce our dependency on the grid.”
The rooftop solar PV installation represents another important success under the ‘Shams Dubai’ initiative, launched by the Dubai Electricity and Water Authority (DEWA) to regulate solar energy generation in buildings, and to move the Emirate one step closer to achieving its vision of 7% renewable energy by 2020 and 15% by 2030.
About Yellow Door Energy
Yellow Door Energy (YDE) is a leading provider of lease-to-own solar energy solutions for commercial and industrial energy consumers in the Middle East and Africa. Headquartered in Dubai, UAE, YDE identifies, finances and implements energy efficiency solutions that enable customers to save energy and reduce electricity bills and carbon emissions.
The company was founded in 2015 with a vision to support the region’s transition to a sustainable energy future by making it easier and more affordable for private and public organizations to make the switch to solar. Yellow Door allows customers to buy solar energy with no upfront cost.
About Elcome International LLC
Founded in 1969, Elcome International LLC is a diversified turnkey solutions provider of marine electronics, electrical and safety systems for the world maritime industry. With its modern 100,000 sq. ft. headquarters in Dubai, Elcome has sales and support offices in United Arab Emirates, Bahrain, Egypt, Kuwait, Oman, Qatar, Saudi Arabia, Sri Lanka, Singapore and Malaysia, as well as a subsidiary and associated companies in India. The Elcome Group (including associated companies) has over 500 employees, including over 200 factory-trained engineers and technicians. The company is certified to ISO 9001:2008, ISO 14001:2004 and OHSAS 18001:2007 by DNV. Elcome is the authorized sales and service representative for many of the world’s major manufacturers of marine products and systems, and manufactures its own line of type-approved marine electrical switchboards under the ELSYS brand name. The company provides 24/7 shipboard installation, support, and flyaway service for navigation, communication, automation, and safety systems for over 800 vessels per month with a first-time fix-rate of 96 percent. Additionally, Elcome is South East Asia’s largest supplier of nautical charts and publications, both print and digital, and operates an FTA-approved training center and bridge simulator in Dubai for dynamic positioning and ECDIS courses.
For more information, please contact:
Elcome International LLC
Enerwhere was among the first solar companies in Dubai certified by DEWA to carry out solar system installation under the Shams Dubai initiative and is one of the lead EPC contractors in terms of installed projects in the Dubai market. Enerwhere is specialized in the provision of commercial and industrial scale solar solutions, both on and off grid. Enerwhere uniquely combines a range of technologies to provide the cheapest, cleanest, and most efficient energy solution to meet the power needs of customers in construction, oil & gas, mining, hospitality and manufacturing sectors with payment models that suit the cash flow needs of their customers.
For further information about Enerwhere, please visit http://www.enerwhere.com .
For more information, please contact:
Chief Executive Officer
SOURCE Yellow Door Energy
Hitachi Launches New TX Series Escalator for India, Asia and the Middle East
Hitachi, Ltd. (TSE: 6501, “Hitachi”) and Hitachi Building Systems Co., Ltd. today announced the launch of the new TX Series escalator for Hong Kong.
In July 2016, Hitachi integrated its escalator businesses of Japan and China, consolidating its resources and enhancing its business operations in both countries, centered around its key business location in Guangzhou, China. The new TX Series escalator launched by Hitachi is a model that meets multiple standards in China, India, Asia and the Middle East. The model follows the same concept for the machine room-less elevator for Asia and the Middle East which was launched in September 2016. In addition to conforming to Chinese and European safety and quality standards for escalator equipment, the TX Series will be manufactured in accordance with Hitachi’s own strict standards of safety and quality, adhering to safety standards in all other regions. It also adopts a functional design based on the concept of an escalator that fits closely with the unconscious actions of users, in the pursuit of their ease and comfort.
The TX Series offers flexibility with a selection of various product specifications, as well as its excellent design and safety features, designed to cater to a diverse range of customer needs. It also saves space required for the installation, covering a smaller area in comparison with existing products*1.
Hitachi will begin sales of the TX Series in China, India, Asia and the Middle East, and aims to receive orders of 10,000 units in 2018.
- Features of the TX Series
The TX Series offers various new safety features designed with optimal user safety in mind. The side portions of the steps are 8 mm higher than the central portion to prevent accidents in which a users’ shoe can become caught between the step and the skirt (side wall) of the escalator. The new TX series has also been fitted with brushes located at foot level on the left and right skirts to let users know if their foot comes into contact with the side walls. A special finish has also been adopted for the landing plates at the entry and exit points of the escalator to prevent users from slipping when getting on and off the escalator.
The TX Series adopts a simple and functional design that offers the smoothness, safety and comfort that users unconsciously expect to experience when riding an escalator. For example, by minimizing the size of the metal frame supporting the escalator’s balustrades, the TX Series’ design maximizes the size of the glass surfaces, and achieves greater simplicity at the entrance and exit points (landings) by reducing the number of recesses and protrusions around the hand rail. Additionally, by expanding the installation space of the light fixture, the TX Series also enables enhanced lighting options for illuminating the entire surroundings of the balustrades.
- Space saving
By shortening the span dimensions*2 by 150 mm, the TX Series has made it possible to install escalators in more confined spaces where installation presents difficulties with conventional product designs.
*1 The made-in-China escalator, “SX series“, which is previous model of “TX series“.
*2 The span between the beam on upper floor and that on the lower floor of the escalator when the escalator is installed.
- Specification Overview of TX Series
Balustrade width (Step width)
Angle of elevation
30 degrees, 35 degrees
30m per minute
About Hitachi, Ltd.
Hitachi, Ltd. (TSE: 6501), headquartered in Tokyo, Japan, delivers innovations that answer society’s challenges. The company’s consolidated revenues for fiscal 2016 (ended March 31, 2017) totaled 9,162.2 billion yen ($81.8 billion). The Hitachi Group is a global leader in the Social Innovation Business, and it has approximately 304,000 employees worldwide. Through collaborative creation, Hitachi is providing solutions to customers in a broad range of sectors, including Power / Energy, Industry / Distribution / Water, Urban Development, and Finance / Government & Public / Healthcare. For more information on Hitachi, please visit the company’s website at http://www.hitachi.com.
CONTACT: Lisa Zhang, +86-10-59211099, email@example.com
Acer Introduces Convertible Nitro 5 Spin Notebook Designed for Casual Gaming
Versatile design complements strong performance and features for those who want more gaming options and flexibility
- Equipped with the new, powerful 8th Generation Intel® Core™ processors, NVIDIA® GeForce® GTX 1050 graphics and blazing-fast GDDR5 VRAM, Acer Nitro 5 Spin delivers the performance needed for gaming anywhere, anytime
- A bright 15.6-inch FHD IPS display makes it great for playing games, watching videos, or browsing photos; two thoughtfully-placed front-facing speakers, a subwoofer and leading audio technologies deliver premium audio for gaming or movies in any of the four modes
Acer today announced the new Acer Nitro 5 Spin, a convertible notebook designed to provide maximum versatility for casual gaming. Its flexible design, powerful components, touchscreen, and popular gaming features make it ideal for a variety of games and gaming scenarios. For example, players can use the Nitro 5 Spin in display mode to bring the action up close and personal, making live game streaming on Mixer, directly from the Game bar on Windows 10, more interactive and immersive. A sleek lightweight design and up to 10 hours of battery life makes it ideal for playing modern games such as Dota 2, Overwatch, League of Legends with friends anywhere.
Its all-aluminum chassis sports a black brushed hairline finish and red accents, and houses essential gaming technologies casual gamers value most, including powerful processors and graphics, premium audio, stable connectivity, and a brilliant display.
“With a convertible design that features four modes, the Acer Nitro 5 Spin is a versatile gaming device that opens up exciting new usage scenarios for casual gamers on the go,” said James Lin, General Manger, Commercial & Detachable Notebooks, IT Products Business, Acer Inc. “Power users will also appreciate the great performance and battery life of the Nitro 5 Spin, while enjoying the superb visuals and immersive audio that it delivers.”
“Our new 8th Gen Intel Core processor family is the most powerful processor designed for what’s coming next,” said Chris Walker, Vice President, Client Computing Group, Intel Corp. “Acer’s new Nitro 5 Spin notebook capitalizes on the up to 40% performance boost over just last year, making it possible to take casual gaming and rich entertainment on the go in a flexible, sleek device.”
“The Acer Nitro 5 Spin is a great Windows 10 PC for casual gamers,” said Peter Han, Vice President, Partner Devices and Solutions, Microsoft Corp. “The convertible 2-in-1 is flexible, lightweight and powerful enough for a good gaming experience, and with Windows 10 and access to Microsoft’s productivity applications and services, it’s a great multipurpose PC at an affordable price.”
Equipped for Battle Anywhere, Anytime
Equipped with up to an 8th Generation Intel® Core™ i7 processor, NVIDIA GeForce® GTX 1050 graphics and blazing-fast GDDR5 VRAM, the Nitro 5 Spin delivers the performance needed for casual gaming anywhere, anytime. A PCIe SSD of up to 512GB capacity ensures the system boots up fast and stays responsive. Paired with a 15.6-inch IPS display, backlit keyboard and great audio system consisting of two speakers and one subwoofer, it’s an ideal platform for mobile computing and entertainment on the go.
To keep the gaming going strong, Acer’s omni-directional ExoAmp Antenna optimizes the Nitro 5 Spin’s antenna position to ensure a stable wireless signal, regardless of the antenna being located beneath the notebook’s metal cover and the direction the device is facing. It also includes MU-MIMO (Multi-User Multi-Input Multi-Output) wireless technology for up to three times faster downloads, smoother streaming and a better browsing experience than other 11ac products in a multi-user environment. MU-MIMO networks serve multiple devices simultaneously, instead of just one at a time.
Superb Visuals and Immersive Audio
Crisp, true-to-life color comes alive on the Nitro 5 Spin’s 15.6-inch FHD, IPS display with wide-viewing angles ideal for playing games, watching videos or browsing photos. It also features Acer Color Intelligence™, a proprietary technology that provides a more brilliant and vivid display with less CPU loading. It dynamically adjusts gamma and saturation in real-time, optimizing screen color, brightness and saturation without clipping and over saturation. The display also includes Acer BluelightShield™, which may help reduce blue light emissions that cause eye strain.
No gaming rig is complete without great audio, so the Nitro 5 Spin includes dual front-facing speakers and one subwoofer for extra punch. Paired with Dolby Audio™ Premium, Acer TrueHarmony and Acer Smart Amplifier, this casual gaming notebook delivers clear, loud and rich sound. These audio technologies fine-tune and improve the frequency balance to deepen the impact of movies, games and music with improved bass and multidimensional sound. From catching the sounds on the battlefield to every detail of a movie soundtrack, the intelligent equalizer dynamically adjusts audio for the best experience. In addition, the audio and video will automatically reverse based on screen orientation; this ensures that the speakers are never blocked and the audio and visuals are always facing the viewer, no matter which way the display is positioned.
Faster, More Secure Login with Windows Hello
Providing an extra layer of security and convenience by taking advantage of the hardware enabled security built into the 8th Gen Intel Core processor, the Nitro 5 Spin includes a fingerprint reader to help quickly and securely verify an owner’s identity through Windows Hello, logging them on with a touch of the finger.
Price and Availability
The Acer Nitro 5 Spin will be available in North America in October starting at $999; in EMEA in October with prices starting at €1,199.
Exact specifications, prices, and availability will vary by region. To learn more about availability, product specifications and prices in specific markets, please contact your nearest Acer office via www.acer.com.
Founded in 1976, Acer is now one of the world’s top ICT companies and has a presence in over 160 countries. As Acer looks into the future, it is focused on enabling a world where hardware, software and services will fuse with one another to open up new possibilities for consumers and businesses alike. From service-oriented technologies to the Internet of Things to gaming and virtual reality, Acer’s 7,000+ employees are dedicated to the research, design, marketing, sale, and support of products and solutions that break barriers between people and technology. Please visit for more information.
PanAm – Lisa Emard
EMEA – Manuel Linnig
Tel: +41 91 2610 522
Corp./Asia – Steven Chung
© 2017 Acer Inc. All rights reserved. Acer and the Acer logo are registered trademarks of Acer Inc. Other trademarks, registered trademarks, and/or service marks, indicated or otherwise, are the property of their respective owners. All offers subject to change without notice or obligation and may not be available through all sales channels. Prices listed are manufacturer suggested retail prices and may vary by location. Applicable sales tax extra.
All brands and product names mentioned herein include trademarks of their respective companies and are used solely to describe or identify the products.
As measured by SYSmark* 2014 SE (Second Edition) on Intel Reference Platform on Intel Reference Platform Intel® Core™ i7-8550U Processor, PL1=15W TDP, 4C8T, Turbo up to 4.0GHz, Memory: 8GB DDR4-2400, Storage: Intel 600p SSD, Intel UHD Graphics 620, OS: Windows* 10 versus previous generation: Intel® Core™ i7-7500U Processor, PL1=15W TDP, 2C4T, Turbo up to 3.5GHz, Memory: 8GB DDR4-2133, Storage: Intel 600p SSD, Intel HD Graphics 620, OS: Windows* 10
Specifications may vary depending on model and market.
MU-MIMO availability and specification will vary depending on model and region. To achieve the best performance, both the transmitter and receiver must support MU-MIMO. The product is based on an IEEE 802.11ac draft specification and multi user scenario. Actual speed will vary based on range, connection rate, site conditions, size of network, and other factors. The claim of up to 3x faster transmission speed is valid only under scenario when wireless AP supports 4 MU streams.
SOURCE Acer Incorporated
HTC Vive Reduces Price By $200, Making The Best Virtual Reality System More Accessible To The Mass Market
HTC Vive™ today announced a $200price reduction for Vive, making the best VR system more accessible to the mass market, across the globe. Starting today, Vive will be available for $599. All Vive purchases come with a free trial to Viveport Subscription, where consumers can choose up to 5 titles per month to experience, and copies of many of the most popular pieces of VR content today, including Google’s Tilt Brush, Everest VR, and Richie’s Plank Experience.
“Our goal at Vive has always been to offer the best and most advanced VR system and drive mass market adoption for VR across the globe,” said Cher Wang, Chairwoman, HTC. “We’re continuing to deliver on that commitment with this new price for Vive, making VR more accessible to a broader audience and driving the entire VR industry forward. Vive’s game-changing technology, best-in-class content and unmatched global partners are fulfilling the promise of VR like never before. With highly anticipated titles, and the upcoming launch of Vive Tracker, there has never been a better time to embrace Vive, and enjoy the most immersive VR experience available.”
A winner of hundreds of technology and industry awards across the globe, Vive is the only product that offers room-scale VR out of a single box, and this version of Vive will be the unit in market for the foreseeable future. The base Vive package comes with everything you need for a quick room-scale VR set-up: two base stations for accurate tracking, two motion controllers for immersive VR experiences and new and improved connection cables and new materials that offer a lighter weight on the Vive headset.
According to a recent report from UBM, more developers are building experiences for Vive than ever before, and Vive was chosen as developers’ top target when creating content. With more than 3,600 titles available across Steam and Viveport and with new AAA content arriving soon, Vive will continue to be the platform of choice for developers and consumers alike. In addition, Viveport Subscription allows consumers to choose from over 250 pieces of content from a highly-curated offering, giving consumers another opportunity to discover the best VR content available.
According to Steam statistics, HTC Vive maintains a 60% share of access to the Steam platform for high-end VR headsets. Over the past year, Vive has maintained its lead by more than 20%.
“We’ve rapidly diversified the Vive business so that when customers and businesses purchase Vive, they know they’ll benefit from a wide base of support for years to come,” said Dan O’Brien, GM US, HTC Vive. “From constant improvements to the core Vive hardware to the industry’s first VR subscription service, to investments in new technology for developers, Vive is at the forefront of the push to take VR to the mainstream.”
About HTC VIVE
VIVE is a first-of-its-kind virtual reality platform, built an optimized for room-scale VR and true-to-life interactions. Built on the SteamVR platform, Vive delivers on the promise of VR with game-changing technology and best-in-class content. Vive has created the strongest ecosystem for VR hardware and software, bringing VR to consumers, developers and enterprises alike. The Vive ecosystem is built around the best VR hardware in market, supported by Vive X, a $100 million accelerator for VR and related technology start-ups, Viveport, a global platform and app store for VR that operates in more than 30 countries, and Vive Studios, its VR content development and publishing initiative. For more information on Vive, please visit https://www.vive.com.
SOURCE HTC Vive
CONTACT: Patrick Seybold, VP, Communications, E: firstname.lastname@example.org
Perfect World chairman Michael Chi: China’s market potential remains undervalued
During ChinaJoy, one of the world’s top three digital entertainment exhibitions, Perfect World founder and chairman Michael Chi (Chi Yufeng) said that China’s fast growing entertainment market still has huge potential for growth.
Perfect World was named China’s largest film, TV and game company in the authoritative China Gaming Industry Report for 2016. The company’s film and TV business has witnessed rapid expansion, including investing in Universal Pictures and setting up a joint venture with Village Roadshow Entertainment Group and WME | IMG. In terms of gaming, Perfect World not only owns high-quality proprietary titles including Perfect World, Zhu Xian, Legend of Martial Arts, Swordsman Online and Legend of the Condor Heroes, but also serves as a publisher for world-renowned titles such as DOTA2 and CS:GO.
Entrepreneurs from China’s entertainment industries including film, TV and games are, overall, quite optimistic about the fast growing market, and one of the more outspoken advocates of this viewpoint is Michael Chi. While China’s game market has maintained rapid growth for 16 consecutive years, the explosive growth in film and TV has mainly taken place over the last five.
Perfect World is the epitome of the development of China’s creative industry. In its most recent fiscal year, more than a decade after its inception in 2004, Perfect World achieved annual revenue of 6.16 billion yuan and net profit of 1.17 billion yuan. The company has successfully put in place what it refers to as the “5+1” business matrix: films & TV, games, animation, comics, literature and education.
With creative content as a business ecosystem becoming a rapidly emerging and huge market in China, Perfect World, based on the strategy of delivering best-in-class products, has quickly become the largest publicly-listed movie and game conglomerate. According to its 2016 financial report, the company’s game business generated more than 4.7 billion yuan in revenue, an increase of 24.97 percent year on year, while its film and TV business achieved revenue of approximately 1.46 billion yuan, up 28.85 percent from a year earlier.
Perfect World exports its game products to over 100 countries and regions worldwide and has established over 20 branch offices across Europe, North America, Japan, South Korea and Southeast Asia.
SOURCE Perfect World Co., Ltd.
CONTACT: Liu Dong, +86-10-5780-6366, email@example.com
Web Werks’ New Business Hosting Plans to Drive Growth for Small Businesses
Web Werks, the leading TIER IV data center service providers in India and the United States, recently announced Business Hosting. This effective yet simple to manage hosting service is intended for high-traffic, e-business and asset escalated websites. It incorporates multiple integrated cloud solutions that can be handled very easily with the clients having limited technical skills. This is an initiative so that small businesses not having profound technical skills can grow with minimum cost.This is an opportunity for small businesses to have the online presence which is very important at this digital age.
“Web Werks Business Hosting is the best platform for emerging companies to pick up the features and flexibility they require to help their development at a reasonable cost,” said Nikhil Rathi, CEO, Web Werks. “By associating organizations with accomplices in our community, we would like to quicken trade development and development in the small business market.” Moreover, he said, “Our central goal is to make progressed web-based business innovation available to more organizations, particularly smaller organizations looking to rapidly quicken their opportunity to showcase. Owners can fuel their sales growth flawlessly while utilizing the advantages of business hosting.”
Through business hosting, Web Werks connects to small retailers for their web-based business capacities, to pull in new clients, offer all-round services, and develop their business without impediments.
Plans and Pricing
Following are the plans offered starting ₹ 1625/- (Exclusive of GST):
– Budget Basic: Includes 1GB memory, 50GB storage, 1 CPU, 200 Bandwidth per month, and 24×7 rapid action support.
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About Web Werks:
Established in 1996, Web Werks is an ISO 9001:2015, ISO 27001:2013 and ISO 20000 – 1 and Uptime Institute Certified Cloud Data Center Service Provider in India. Web Werks has been awarded with ‘The Best Web Hosting Award 2017’, ‘Retailer Of The Year For Best Cloud Data Centers And Internet Exchange’, ‘Great Indian Workplace Award (GIWA) 2017’ and many more.
Web Werks focuses on quality-driven self-managed and fully managed hosting services that includes cloud solutions, dedicated servers and VPS hosting services on linux and windows operating platforms. They also deliver disaster recovery services, Innovative Rapid Cloud backup technologies, work area recovery services, CDN services, etc.
They have collaborated with more than 1000+ organizations globally that include Fortune 500 companies across various business verticals. This also includes Government sectors as well, such as Mumbai Metro Rail Corporation Limited, Maharashtra Pollution Control Board, Maharashtra Knowledge Corporation, Nabard, NPCI etc.
For more information, kindly visit, www.webwerks.in.
Data Center News
SOURCE Web Werks India Pvt Ltd
Hozpitality Group: Online Voting for the Popular Choice Awards for Hospitality Industry in the Middle East in Full Swing
The online voting for the 3rd Middle East Hospitality Excellence Awards 2017 to be held in The Rixos Premium at JBR Walk in Dubai on Sunday 26th Nov 2017 is going on in full swing. Over 30,000 votes were already received in just 2 weeks since the voting opened.
“The first round of voting for this year’s popular choice awards will end next month when we will announce the top 7 finalists for each category; for more information on the awards, please visit http://www.hozpitalityexcellenceawards.com,” said Raj Bhatt, CEO, Hozpitality Group.
“These are Popular Choice awards for the hospitality Industry where selections are purely done on basis of online voting. We are expecting a great event this year,” added Raj Bhatt.
Over 30 top 5 star hotels compete this year for Hotel of the Year (5 star category)
Hozpitality Excellence:- Hotel of the year (5 star)
– The Oberoi, Dubai
– Waldorf Astoria Ras Al Khaimah
– The St. Regis Abu Dhabi
– Rixos The Palm Dubai
– Meliá Dubai
– DoubleTree by Hilton Resort & Spa Marjan Island
– Nassima Royal Hotel Dubai
– The St. Regis Saadiyat Island Resort, Abu Dhabi
– Sofitel Bahrain Zallaq Thalassa Sea & Spa Bahrain
– Armani Hotel Dubai
– Rixos Bab Al Bahr, Ras Al Khaimah
– Dusit Thani Abu Dhabi
– Dusit Thani Dubai
– Kempinski Hotel Ajman
– Shangri-La Hotel Qaryat Al Beri Abu Dhabi
– Steigenberger Hotel Business Bay Dubai
– Marriott Hotel Al Jaddaf Dubai
– Four Seasons Resort Dubai at Jumeirah Beach
– Khalidiya Palace Rayhaan by Rotana Abu Dhabi
– Taj Dubai
– Riyadh Palace Hotel
– Makarem Umm AlQura Hotel, Saudi Arabia
– Makarem Alnnakheel Village, Saudi Arabia
– Makarem Ajyad Makkah Hotel
– Makarem Riyadh Airport Hotel
– The Torch Doha
– Jood Palace Hotel, Dubai
– Dubai International Hotel
– ART Rotana, Amwaj, Bahrain
– Downtown Rotana, Manama
For sponsorship, please visit http://www.hozpitalityexcellenceawards.com/sponsorship
The Hozpitality Excellence Awards are for:
- Airlines (Domestic & international)
- Restaurants (freestanding or in hotels)
- Spas and Fitness (freestanding or in hotels)
- Travel Companies
- Facilities Management Companies
- Department Nominees (One nominee from each department/company)
For a List of judges, Please visit http://www.hozpitalityexcellenceawards.com/judges
About Hozpitality Group:
Hozpitality group is emerging as one of the fastest growing online media company in the Middle Eastand Asian market. We have over 900,000 registered hospitality professionals in our websites, http://www.hozpitality.com – ‘Dedicated hospitality website for MEA’ and http://www.hozpitalityplus.com – ‘Dedicated hospitality networking group’. Apart from the registered candidates, we also reach out to over 1 million professionals through our monthly email marketing from over 186 countries.
From hospitality jobs in Dubai and the UAE, retail jobs in Asia, and cruising jobs around the world, millions of workers all around the globe are proud to call themselves hospitality employees. Whether you want to greet hotel guests in Dubai, Frankfurt, Davos; become an executive chef in Abu Dhabi or Tokyo; or serve up coffee in Qatar, there is a rewarding hospitality career designed to match your unique skills and interests. To find prospective global hospitality jobs, just search by industry, department, level, and/or location. You can also search by keyword(s), such as ‘Dubai hotel jobs‘ or ‘Qatar hotel jobs‘.
In addition to listing jobs in Dubai, UAE, Mumbai, Europe and around the world, Hozpitality.com offers professional CV designing, a community network for employers and job seekers, a directory of hospitality suppliers, latest hospitality news, hotel news, movements and appointments and hospitality announcements, hospitality travel bookings etc. We do more than just list jobs; we provide an effective platform where all hospitality professionals can unite. Advertise or find cruise ship jobs, catering jobs, travel jobs, sous chef jobs, and more with Hozpitality.com, a world of opportunities.
Our dedicated hospitality networking group Hozpitalityplus.com already has over 25,000 membersfrom over 180 countries. The networking website http://www.hozpitalityplus.com has discussions, blogs, videos, latest hospitality news, top jobs, events, photos, groups and many more latest features.
Hozpitality Consulting is a Global Executive Search consultancy based out of Toronto, Canada. Our success lies in building a long-term relationship and delivering results quickly and efficiently for a ‘much lower cost‘. We are experts in locating the best possible suitable executive and management candidates for placements in all types of hospitality organizations around the world. Through our matchless database, communication and networking, over the world, we provide our clients with the most skillful candidates.
‘Hozpitality Buzz – The inside scoop‘ is a TV show based on the hospitality industry in Dubai and UAE, is in English and telecasted on a premier TV channel in Middle East and North Africa reaching out to approximately 10-12 million viewers. To know more about the TV show, Please log on to http://www.facebook.com/hozpitalitybuzz and https://www.youtube.com/Hozpitality.
Middle East Hospitality Excellence Awards are presented to recognize top industry organizations which have shown skill, creativity, ingenuity and success in the Middle East and North Africa’s growing hospitality industry. The 3rd Awards event will be held at the new Rixos Premium Dubai on 26th Nov 2017. Log on to http://www.hozpitalityexcellenceawards.com.
To know more about the group, please log on to: http://www.hozpitality.com, http://www.hozpitalityplus.com, http://www.hozpitalityplusevents.com, http://www.hozpitalityconsulting.com, http://www.hozpitalityexcellenceawards.com.
A Subsidiary of VR Online Group
P.O Box – 119395, Dubai, UAE
Phone: +971-4-334-31-77, Fax: +971-4-334-31-78
SOURCE Hozpitality Group
India Electronics & Semiconductor Association (IESA) Sets up its First Overseas Office in Taipei
Launch of Taipei office to boost investments in ESDM sector in India
India Electronics and Semiconductor Association (IESA) – the premier trade body representing the Indian Electronics System Design and Manufacturing (ESDM) industry, announced the launch of its first-ever international office situated in Taipei, Taiwan. Dr. Mignonne Chan, Director General, IESA (Taiwan) along with Mr. Ashwini K. Aggarwal, Chairman, IESA and delegates from partner states of Andhra Pradesh, Chhattisgarh and Kerala were present at the IESA – Taiwan office launch in addition to the many distinguished guests from Taiwan. The office is housed in Taipei 101 Office Tower. Both India and Taiwan attach immense importance to the event with 100 key players drawn from business, government, academia and media gracing the inauguration.
Mr. Ashwini K Aggarwal, Chairman, IESA, designated Dr. Man-Jung Mignonne Chan as Director General of IESA (Taipei Office) by handing over the official seal, followed by many blessings and welcome remarks from Mr. Gince Mattam, Deputy Director General of the India Taipei Association; Mr. Sing-Ying Lee, Director General, Department of International Cooperation & Economic Affairs, Ministry of Foreign Affairs; Dr. Jang-Hwa Leu, Director General, Industrial Development Bureau, Ministry of Economic Affairs; Mdm. Jen-Ni Yang, Director General, Ministry of Economic Affairs; Mr. Chiou Chyou-Huey, Director General, Department of Academia-Industry Collaboration & Science Park Affairs, Ministry of Science & Technology; Dr. Lin-Wu Kuo, Vice Chairman, TAITRA; and Dr. Mumin Chen, Secretary General, Taiwan-India Parliamentary Friendship Association.
Director General, Mr. Lee says, “Taiwan’s ICT industry is one of the world’s key players. Some already have their manufacturing facilities in India. Ministry of Foreign Affair is pleased to welcome the IESA (Taipei Office), which will enhance India–Taiwan business collaboration.” Director General Mr. Lee stressed on the Bureau of Industrial Development saying, “Taiwan plays critical role in the global semiconductor supply chain. We commend the establishment of IESA (Taipei Office), and look forward to jointly shaping a new era for the bilateral industrial cooperation.” Dr. Lin-Wu Kuo, Vice Chair of TAITRA, said, “We at TAITRA attach great value to India–Taiwan bilateral relations and have recently set up an in-house India Center to seal a closer relationship in the future. We look forward to collaborating closely with IESA (Taipei Office) with concrete win-win projects in the near future.”
From many of those who were unable to be present in person for the event, both IESA and Dr. Chan received best wishes. Mr. Sridharan Madhusudhanan, Director General, India-Taipei Association, assured Dr. Chan of his ‘full support to IESA (Taipei Office)’. Mr. John Deng, Minister-without-Portfolio of the Executive Yuan, said, “This event is a significant landmark for enhancing the Taiwan–India bilateral partnership.” DPP Legislator Madam Kuan Bi-Ling, Chairperson, Taiwan-India Parliamentary Friendship Association, also lends her support and congratulates Director General Chan, as a representative of IESA Taipei office, in her words stating, “A person with remarkable international portfolio.”
Taiwan has played an indispensable role in the world semiconductor manufacturing over the past two decades. The strengths of Taiwan in the eyes of the world, are its high-quality talent pool with strong work ethics; a supportive business-friendly government and regulatory environment; a strong quality-focused technology manufacturing ecosystem that drives a cost-competitive infrastructure; and business leaders’ far-sighted vision on industry upscale and timely restructuring.
Speaking at the launch, Mr. Ashwini K Aggarwal, Chairman, IESA commented, “The Taiwan office inauguration is part of IESA’s goal to improve collaboration on manufacturing capabilities between Taiwan and India. India has seen emerging green shoots in the Electronics, Systems Design and Manufacturing space in the recent times. It has received a strong response to its ESDM policies and has seen evolution of its Solar Fab and a number of marquee industries. We are very excited by the synergies that the countries would derive from this partnership. Taiwan is home to one of the most robust semiconductors & electronics ecosystems in the world and is by far the largest consumer of semiconductor materials. We believe India has a strong proposition to offer to Taiwanese investors, and look forward to enabling the trade bridge between the countries. The new office will be managed by Dr. Mignonne Chan. We thank Dr. Chan and her team for efforts put forward in making this inauguration a success.”
Smt. Nirmalata M, Vice President, IT Promotions, Electronics and Information Technology Agency, Govt. of Andhra Pradesh lauded IESA’s efforts saying, “The growth of the ESDM industry is a high-priority agenda for the Government of Andhra Pradesh under the visionary leadership of its CM, Sri N. Chandrababu Naidu. The state is a fast-emerging tech hub in India, and, with its investor-friendly policies, is according thrust to both electronic product design and manufacturing. We are also creating the skilled talent pool and building a strong support ecosystem for start-ups to aid research in the electronics and semiconductor industry. We are confident that this collaboration with Taiwan will forge future beneficial partnerships and welcome IESA’s efforts in this direction.”
Sh. Keerthi Lal Kala, Principal Investment Officer, Chhattisgarh Infotech Promotion Society (CHiPS) said “The on-ground proximity to Taiwanese companies will create a direct connect, strengthen collaborations and enable quicker strategic decision making. Chhattisgarh with its conducive policy framework, enabling infrastructure, efficient governance and lower operational costs, is poised to become the next ESDM hub of India. We believe this initiative of IESA will strengthen the electronics industry not only in Chhattisgarh but across India, enabling the country to achieve its ESDM manufacturing targets.”
Sh. M. Sivasankar, Secretary, IT & Electronics Department and OSD to Chief Minister, Government of Kerala stated, “We would like to congratulate IESA on this partnership. We hope to work closely with IESA to facilitate Taiwanese investments in the state to boost Kerala’s electronics manufacturing capacity and the start-up ecosystem. With Kerala’s well-established infrastructure, including modern airports and sea ports, and progressive policies, we believe that our state is well positioned to support the Taiwanese companies setting up their facilities in the state.”
Speaking at the launch, Dr. Chan said, “It is an honor to be part of the IESA initiative. We look forward to contributing to IESA’s mission of enhancing supply-chain-connectivity by promoting investment to India from Taiwan and elsewhere in the region.”
The Taiwan office was inaugurated by Mr. Ashwini K. Aggarwal, Chairman, IESA; Dr. Mignonne Chan, Director General, IESA; Anilkumar Muniswamy, Vice Chairman, IESA and the State Government officials – Smt. Nirmalata M, Vice President, IT Promotions, Electronics and Information Technology Agency, Govt. of Andhra Pradesh, Sh. Keerthi Lal Kala, Principal Investment Officer, Chhattisgarh Infotech Promotion Society (CHiPS), Sh. M. Sivasankar, Secretary, IT & Electronics Department and OSD to Chief Minister, Government of Kerala on August 21st, 2017 at Taipei 101 Office Tower.
In 2015, India’s ESDM industry is sized at US$82 billion growing at a CAGR of 8% from 2013. By the end of 2017 the sector will become a $100+ billion opportunity and is forecast to grow further at a CAGR of 16-23% to reach US$171-228 billion by 2020.
About India Electronics & Semiconductor Association (IESA)
IESA is the premier trade body representing the Indian Electronics System Design and Manufacturing (ESDM) industry and has represented it since 2005. It has over 260 members – both domestic and multinational enterprises. IESA is committed towards building global awareness for the Indian ESDM industry and supporting its growth through focused initiatives in developing the ecosystem. This is through publishing credible data, networking events and alliances with other international associations. IESA works closely with the Government as a knowledge partner on the sector, both at the centre and at the state level.
For more details on IESA, visit http://www.iesaonline.org
Account Coordinator, Text100
IBC SOLAR Signs Contract With SECI Over 20 MW Solar Plant in India
IBC SOLAR shall own and develop a large-scale project in Odisha
IBC SOLAR AG, a global leader in photovoltaic (PV) systems and energy storage, has signed a Power Purchase Agreement (PPA) for a 20 MW AC solar plant with the Solar Energy Corporation of India(SECI). The project was part of a 270 MW AC PV tender in the state of Odisha and assigned to IBC SOLAR through a competitive auction process during 2016. The PV system is planned to be put into operation by late 2017.
IBC SOLAR has furthermore concluded negotiations about a debt finance of approximately 980 million INR for the Odisha Project with L&T Infrastructure Finance Co. Ltd., a leading Indian financial company in the infrastructure sector. This ensures financing of the project from the construction phase. The local financing has a term of 18 years.
“We are pleased to announce the signing of the PPA with SECI, a company of the Government of India, and are confident to realise this project in the state of Odisha within the stipulated timeframe and according to our global quality standards. The confidence expressed by lenders in IBC SOLAR helps to further scale up our business in India,” Mr. Shailendra Bebortha, Managing Director of IBC SOLAR Projects India Private Limited, a wholly-owned subsidiary of IBC SOLAR Energy, commented.
About IBC SOLAR
IBC SOLAR is a leading global provider of photovoltaic and energy storage solutions and services. The group offers complete systems and covers the entire product range from planning to the turnkey handover of photovoltaic systems. IBC SOLAR Energy is the international project business division of IBC SOLAR based in Bad Staffelstein, Germany. The family-owned and operated company offers complete solutions for power production from solar energy and covers the entire spectrum, from site evaluation and project development to engineering, construction and the turnkey handover of photovoltaic installations followed by operation and maintenance as well as monitoring services.
Globally, IBC SOLAR has already implemented photovoltaic systems with a total capacity of more than 3.3 gigawatts (GWp). The scale ranges from utility-scale solar parks, which feed electricity into the grid, to systems for residential and commercial self-consumption, off-grid systems and large-scale storage.
IBC SOLAR was founded in 1982 in Bad Staffelstein, Germany, by CEO, Udo Möhrstedt. IBC SOLAR is globally represented in more than 30 countries around the world and is directed from its central headquarter in Bad Staffelstein.
SOURCE IBC SOLAR
Foreign Investment Speeds up Expansion in Changchun
During the five days from Aug. 15 to 19, executives of 40 companies from nearly ten countries and regions including the United States, Japan, France and Hong Kong arrived in China’s northeastern city of Changchun to seek investment opportunities.
Changchun, capital of Jilin Province, has been leading the rejuvenation of the northeastern rust belt and become a big surprise in terms of growth since this year. Statistics show that the city’s scalable industrial output value exceeded 510 billion yuan in the first half of 2017, up 8.8 percent year on year, with various economic indicators topping the northeastern region, the best performance since 2014.
Changchun’s GDP in H1 also registered a growth of 8 percent, above the national average, demonstrating a positive sign of incoming investment and active industrial development.
The Singapore-based Prime Group International sent a team of three led by its CEO. It has already signed an investment intent to build a resort town involving first, second and tertiary industries.
From January to June, Changchun’s actual inflow of foreign investment amounted to 4.3 billion U.S. dollars, up 14.8 percent year on year.
“Most of the investment went to the second and third industries, especially the third,” said Gao Shan, director of the city’s bureau of commerce.
Gao said the Cuban delegation had brought genetic engineering and biotechnology, while German companies showed cooperation interest in new energy, environment protection technologies and biotechnology this time.
In order to boost northeast economy, the Chinese central government has introduced a series of policies that aimed at attracting and facilitating foreign investment to the region.
On Aug. 16, the State Council, China’s cabinet, issued a notice to further reduce restrictions for foreign investment, introduce supportive finance and taxation policies, improve investment environment in development zones, and streamline procedures for entry of talent.
“We are the beneficiaries of the reform measures,” Gao said. Changchun has shaken off its past predicament of the single structure of heavy industry. Gao said service industry contributed more than half of the local economic growth last year.
At an investment promotion meeting at the year beginning, city mayor Liu Changlong said efforts should be made to breed projects with potential and serve international investors.
Priorities should be given to the three pillar industrial chains including automobile, railway vehicle and agricultural products, Liu added.
Many large foreign investment projects had landed in Changchun since. A FAW-Volkswagen Audi factory with a total investment of 15.8 billion yuan is expected to start production in 2018. A meat chicken project invested by Chia Tai Group from Thailand with a total investment of 4.9 billion yuan is under construction. Both the projects will elevate Changchun’s existing industries to higher levels.
“Changchun has picked up speed in carrying out cooperation with foreign investors,” Gao said. “The great vitality and potential of the city have boosted investors’ confidence and their expansion in the city.”
SOURCE Changchun Bureau of Commerce
CONTACT: Mr. Xu, Tel: 86 10 63074558
Critical Debt Levels of Chinese Property Developers Threaten Domestic Financial Stability and Global Growth
A report on China’s residential real estate market released by the Royal Institution of Chartered Surveyors (RICS) indicates that debt levels among mainland Chinese residential property developers have accumulated to new historic levels since the onset of the Global Financial Crisis. China’s unprecedented expansion in debt, in terms of volume as well as rate of increase, now exceeds that of Japan’s in the late 1980s, with the possibility of a major credit event becoming more likely in the next two years. The impact of such an eventuality would be felt far beyond China’s domestic property sector – affecting not only China’s future growth trajectory for years to come but also global economic growth at large.
China developers face financing crunch
Based on projected construction schedules as well as the Chinese government’s current credit tightening policy, it is predicted that a spike in construction costs and diminished access to financing will adversely impact the financial situation of Chinese developers from mid-2018. Commenting on the strain to developers’ balance sheets, Sean Ellison, RICS Senior Economist Asia-Pacific said, “Access to cheap credit has resulted in unsustainable land price inflation in China. Residential property developers are now seeing funding avenues dry up as they need to pay for construction on these projects. As we enter 2018, policymakers must decide whether to risk financial contagion in the short-term by allowing some developers to default, or risk inflating the bubble further by continuing to extend credit to the sector.”
Risks to China’s financial system and long-term growth
Notwithstanding the pressure to finance highly inflated land prices amidst tighter lending conditions, Chinese developers also face a growing slew of government restrictions to keep housing prices in check, further straining their balance sheets in ballooning the overall level of leverage, which risks spreading to China’s broader financial system.
This is particularly acute in second tier markets, which have seen an abundance of speculative activity, and among smaller developers, which have less access to traditional financing and are more reliant on the shadow banking system. What remains unknown is how interconnected the shadow and formal banking systems are and whether the prospect of a developer defaulting would spark systemic risk.
Authorities could attempt to mitigate any crisis in the short term by continuing to extend credit to developers. However, new credit faces diminishing productivity and there is evidence that new lending has been used to pay off old loans. The below chart shows the gap between corporate loans and deposits have steadily increased, meaning that fewer loans are being used to generate real economic activity.
China’s economy at a major inflection point
As China seeks to address vulnerabilities and weaknesses in its economy and financial system and undertake much-needed structural reform against the backdrop of more moderate rates of growth, Chinese policymakers need to confront the realities of excessive debt head-on or reverse its de-leveraging drive and continue support developers with cheap and accessible funding. The former risks destabilising the financial sector, while the latter would likely result in a Japanese-style productivity drain and further inflate asset-price bubbles.
Even as uncertainties mount over China’s efforts to rebalance itself economically and financially, it must be recognised that China is more important than ever for the global economy and has been a critical pillar of global demand since the onset of the Global Financial Crisis. Whatever decisions the Chinese government makes in the next 18 months will have implications that reach far beyond its borders.
 Based on normal development schedules, construction is due to begin on these projects. Developers depend on pre-sales from these developments to help offset construction costs — these pre-sales would normally begin from the middle of 2018. As a result of this significant cracks will begin to emerge in developers’ balance sheets.
 Flush with funds from easy access to credit, Chinese residential property developers bid up premiums being paid on land prices in 2016 and into the beginning of 2017. As access to credit tightens and house price growth normalizes, the solvency of many of these projects will be tested.
For more information contact:
RICS is a global professional body. We promote and enforce the highest professional qualification and standards in the development and management of land, real estate, construction and infrastructure. Our name promises the consistent delivery of standards – bringing confidence to the markets we serve. The work of our professionals creates a safer world: we are proud of our profession’s reputation and we guard it fiercely.
SOURCE RICS International Limited Singapore Brunch
Polylactic Acid Market 2017 Global Industry Outlook, Demand, Key Manufacturers and 2022 Forecasts Report Available at ReportsnReports.com
Global Polylactic Acid Market 2022 Industry Research Report is spread across 103 pages, profiles 09 companies and the Polylactic Acid market analysis in this study is supported with tables and figures on the industry and its players.
Polylactic Acid market 2017 research is a professional and in-depth study on the current state of the industry and provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Polylactic Acid market analysis is provided for the international market including development history, competitive landscape analysis, and major regions’ development status. Complete report is now available at http://www.reportsnreports.com/reports/982681-global-polylactic-acid-pla-market-research-report-2017.html .
Market Segment by Regions, this report splits Global into several key Region, with production, consumption, revenue, market share and growth rate of Polylactic Acid in these regions, from 2012 to 2022 (forecast), like North America, China, Europe, Japan, India, Southeast Asia split by product type, with production, revenue, price, market share and growth rate of each type Split by application, this report focuses on consumption, market share and growth rate of Polylactic Acid in each application.
This report studies Polylactic Acid in Global market, especially focuses on top manufacturers in global market, with sales, price, revenue and market share for each manufacturer, covering Teijin, DOW, Corbion, Meredian, Natureworks, BASF, Synbra Technologies, Galactic and Henan Jindan lactic acid technology. Order a copy at http://www.reportsnreports.com/contacts/discount.aspx?name=982681 .
Major Points from Table of Contents: Global Polylactic Acid Market by Manufacturers, Regions, Type and Application, Forecast to 2022.
Chapter 1, describe market overview, product overview, Scope of Polylactic Acid, Market Status and Outlook, Global Polylactic Acid Market Size and Analysis by Regions.
Chapter 2, analyze the competitive situation among the top manufacturers with production, Revenue, Average Price, Manufacturing Base Distribution, Sales Area and Product Type, Competitive Situation and Trends, Concentration Rate, Concentration Rate.
Chapter 3, show the global market by regions, Capacity, Production, Revenue, Price and Gross Margin, for each region, from 2012 to 2017.
Chapter 4, show the global market Consumption, Export, Import by Region 2012-2017.
Chapter 5, describe Price Trend by Type, Market Share by Type, Market Share by Type, Price by Type, from 2012 to 2017.
Chapter 6, analyze Market Share by Application, Growth Rate by Application, Market Drivers and Opportunities, Potential Applications, Emerging Markets/Countries.
Chapter 7, describe Polylactic Acid Manufacturers Profiles/Analysis.
Chapter 8, 9 analyze Cost Analysis, Raw Materials Analysis, Key Raw Materials, Raw Materials, Labor Cost, Manufacturing Expenses, Industrial Chain Analysis, Upstream Raw Materials Sourcing, and Downstream Buyers.
Chapter 10, 11 describe Strategy Analysis, Distributors/Traders, Marketing Channel, Marketing Channel Development Trend, Market Positioning, Distributors/Traders List, Pricing Strategy, Market Effect Factors Analysis, Consumer Needs/Customer Preference Change, Economic/Political Environmental Change.
Chapter 12 shows Global Polylactic Acid Market region with Capacity, Production and Growth Rate, Consumption, Export and Import Forecast, Price Forecast by Type, Consumption Forecast by Application, from 2012 to 2017.
Chapter 13, 14 analyze Research Findings and Conclusion, Appendix, Methodology/Research Approach, Data Source, Disclaimer, Market Size Estimation.
Similar research titled “Global Polylactic Acid Fiber Market Research Report 2017” is spread across 104 pages and profiles 06 companies that provide a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Polylactic Acid market analysis is provided for the Global markets including development trends, competitive landscape analysis, and key regions development status. Development policies and plans are discussed as well as manufacturing processes and Bill of Materials cost structures are also analyzed. This report also states import/export consumption, supply and demand Figures, cost, price, revenue and gross margins. Few key manufacturers included in this report are Cargill Dow, Novamon, Mitsui, Hycail, Uhde Inventa-Fischer and RAINBOW. Read more at http://www.reportsnreports.com/reports/954283-global-polylactic-acid-fiber-market-research-report-2017.html .
ReportsnReports.com is an online market research reports library of 500,000+ in-depth studies of over 5000 micro markets. Not limited to any one industry, ReportsnReports.com offers research studies on agriculture, energy and power, chemicals, environment, medical devices, healthcare, food and beverages, water, advanced materials and much more.
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The Indian Peptides and Heparin Market Worth 883.0 Million and 170.2 Million USD by 2022, Respectively
According to a new market research report “The Indian Peptides and Heparin Market by Type (Insulin, Teriparatide, Liraglutide, Leuprolide, Leuprolide, Exenatide, Calcitonin, Enaxaparin Sodium, Heparin Sodium), Application (Diabetes, Infectious Diseases, Cancer, Osteoporosis) – Forecast to 2022”,published by MarketsandMarkets™, the Indian Peptides Market is projected to reach USD 883.0 Million by 2022 from USD 381.8 Million in 2016, at a CAGR of 15.0%. Increasing prevalence of chronic diseases such as cancer and diabetes and favorable government policies for the pharmaceutical sector are the major factors driving the growth of Indian Peptides Market.
Browse 45 Market Data Tables and 15 Figures spread through 85 Slides and in-depth TOC on “The Indian Peptides and Heparin Market”
Early buyers will receive 10% customization on this report
The Indian Heparin Market to reach USD 170.2 Million in 2022 from USD 127.8 Million in 2016 and is expected to register a CAGR of 4.9%. Factors such as incidence of coagulation disorders and government support for pharmaceutical companies are contributing to the growth of this market.
By type, insulin segment is expected to dominate the market in 2016
On the basis of type segmentation, The Indian Peptides Market is classified into insulin, teriparatide, liraglutide, glucagaon, leuprolide acetate, octreotide acetate, calcitonin salmon, triptorelin, eptifibatide, glatimer acetate, bivalirudin, exenatide and other molecules. The insulin segment is expected to dominate the Indian Peptides Market in 2016. Growing incidence and prevalence rate of diabetes in India and rising ageing population are the major driving factors for this segment.
Download PDF Brochure: http://www.marketsandmarkets.com/pdfdownload.asp?id=77044734
By application, the diabetes segment is expected to dominate the market in 2016
Based on application, the Indian Peptides Market is segmented into diabetes, infectious disease, cancer, cardiology, osteoporosis, gynecological application, and other applications. In 2016, the diabetes segment is expected to account for the largest share of the Indian Peptides Market, by application. The growth in the segment can be primarily attributed to increasing incidence and prevalence of diabetes cases in the country.
Some of the major players operating in the Indian Peptides Market include Abbott Laboratories (U.S.), Sanofi S.A. (France), Eli Lilly and Company (U.S.), Cipla Limited (India), Biocon Limited (India), Intas Pharmaceuticals Ltd. (India), Sun Pharmaceutical Industries Ltd. (India), Cadila Pharmaceuticals (India), Lupin Limited (India), Emcure Pharmaceuticals Ltd. (India), Novartis International AG (Switzerland), Dr. Reddy’s Laboratories Limited (India), and Alkem Laboratories Limited (India).
Talk To Our Research Analysts: http://www.marketsandmarkets.com/speaktoanalyst.asp?id=77044734
By type, Enoxaparin sodium segment is expected to dominate the market in 2016
On the basis of type, the Indian Heparin Market is classified into enoxaparin sodium, heparin sodium, fondaparinux, and dalteparin sodium. In 2016, the enoxaparin sodium segment is expected to account for the largest share of the Indian Heparin Market, by type. Enoxaparin sodium is available as an injectable that helps prevent blood clots in the leg veins of patients who have undergone hip/knee replacements or abdominal surgery. According to Human Pharmaceuticals at Boehringer Ingelheim, in India, approximately 231,132 venous thromboembolism (VTE) procedures occur annually; 53.6% of hospitalized Indian patients are at an increased risk of VTE.
Some of the major players operating in the Indian Heparin Market are Sanofi (France), Emcure Pharmaceutical Pvt. Ltd. (India), Cipla Ltd. (India), Bharat Serum (India), Pfizer Inc. (U.S.), Abbott Laboratories (U.S.), Lupin Ltd. (India), Dr. Reddy’s Laboratories (India), Intas Pharmaceuticals Ltd. (India), Samarth Life Sciences (India), Claris Lifesciences Limited (India), Gland Pharma Limited (India), Mylan Pharmaceutical (India), Torrent Pharmaceuticals (India), Micro Labs Ltd. (India), and VHB Lifesciences (India).
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KBZ Bank partners with VMware to drive digitalization for business success
Kanbawza Bank (KBZ Bank), Myanmar’s largest private bank, today announced a partnership with VMware Inc. (NYSE: VMW), a global leader in cloud infrastructure and business mobility, in a move to virtualize its data center and meet the business demands of Myanmar’s growing digital economy. KBZ Bank will be modernizing its IT infrastructure for the benefit of all 482 branches and representative offices in Thailand, Singapore and Malaysia.
Controlling more than 40 percent market share of the commercial and retail banking business in Myanmar, KBZ Bank recognizes innovation and digital transformation to be crucial in its expansion at home and abroad, being Myanmar’s only bank with an international presence. The virtualized and agile environment provides the Bank’s employees with a digital workspace and the freedom to work on any device, giving them more opportunities to collaborate internally with others at the Bank.
When asked about KBZ’s broader digital plan, KBZ Bank’s CEO and Advisor to the Chairman Mike De Noma replied, “This is just one of the many steps we will be taking to do our part to support the government’s efforts to make Myanmar a digital leader in the decade ahead and to maintain its position as a mobile first nation.”
Virtualization across the entire infrastructure from compute to storage and network allows KBZ Bank to scale up or down based on business needs, driving down operational and ownership costs significantly and simplifying I.T. management. The stability of the environment also ensures system up-time of its ATMs and branches, and boosts the bank’s ability to respond faster to demand spikes.
VMware will be supplying its software-defined data center (SDDC) stack of solutions including vSphere® with Operations Management™, vCloud®, vRealize® Operations Advanced, NSX®, Site Recovery Manager™, AirWatch® and Horizon® to help KBZ Bank deliver even more secure services and new applications to cater to the growing demand for digital services from corporate, SME and retail customers.
As Myanmar opens up further to foreign investment, the risk of cyber-attacks also increases for businesses. Staying one step ahead of this, KBZ Bank is strengthening the security of data and processes through a virtualized network with the use of VMware NSX® which tags specific IT policies to each individual workload. The granular security capability means, unlike traditional IT networks, each workload is protected from attackers who manage to breach the perimeter defenses of a data center, enhancing the security of KBZ Bank’s IT infrastructure and better safeguarding the confidential information of its customers.
“KBZ Bank is a prime example of how businesses in Myanmar are innovating and capitalizing on consumer simple and enterprise secure IT solutions to drive solid business results,” said Duncan Hewett, Senior Vice President & General Manager, APAC & Japan, VMware. “Our customers are on a transformation journey and VMware is committed to helping businesses in Myanmar surge forward with our solutions”, he added.
SEAK Communications, VMware
Phone: +65 9022 3938
About Kanbawza Bank
KBZ Bank, established in 1994, is the largest privately owned bank in Myanmar and the first to have expanded internationally, with representative offices in Singapore, Thailand and Malaysia. With over 18,000 staff, 482 branches nationwide and 42% market share of total assets, KBZ is leading the way for Myanmar’s rapidly developing financial services industry through an approach that understands the unique context of the country’s economy as it transitions towards a digital future.
As Myanmar’s economy expands and opens up, KBZ sees exciting opportunity to work with further international investors, providing a critical bridge to Myanmar’s fast-growing cities, entrepreneurs and local communities.
VMware, a global leader in cloud infrastructure and business mobility, helps customers accelerate their digital transformation. VMware enables enterprises to master a software-defined approach to business and IT with VMware Cross-Cloud Architecture™ and solutions for the data center, mobility, and security. With 2016 revenue of $7.09 billion, VMware is headquartered in Palo Alto, CA and has more than 500,000 customers and 75,000 partners worldwide.
vSphere with Operations Management, vCloud, vRealize Operations Advanced, NSX, Site Recovery Manager, AirWatch and Horizon are registered trademarks or trademarks of VMware, Inc. or its subsidiaries in the United States and other jurisdictions.
This press release may contain hyperlinks to non-VMware websites that are created and maintained by third parties who are solely responsible for the content on such websites.
SOURCE KBZ Bank
ESMLab to Receive Investment from KDDI
ESMLab successfully attracted investment from KDDI, one of Japan’s three largest mobile telecommunications companies.
The K-ICT Born2Global Centre, a major Korean government agency, announced that its member company ESMLab signed an investment agreement with KDDI earlier this month. The investment will be made through the KDDI Open Innovation Fund, a fund for venture companies operated by the Japanese corporation, Global Brain.
ESMLab has developed a special multi-view video production system for multi camera filming.
ESMLab’s CEO, Hongsu Jung, said, “Our goal since the founding of ESMLab has been to go global. We believe that we succeeded in securing the investment from KDDI based on the content of the projects we are currently carrying out with several world-famous sports associations and baseball clubs, our role in the PyeongChang 2018 Olympic Winter Games, and the high potential for success in the Japanese market, including Tokyo 2020 Olympic Games.”
A KDDI spokesperson said, “In response to the diverse uses of and growing demand for free viewpoint videos, we focus on securing content production technology as quickly as possible through 4D replay technology collaborations. We will also continue offering new experiences and values, such as 5G, which are aligned with next-generation networks and actively supporting ESMLab’s expansion into the Japanese market and other markets around the world.”
This collaboration with ESMLab is KDDI’s first international collaboration. ESMLab provided its service for the first time in Japan on August 5 and 6 at Sapporo Dome for the broadcast of a professional baseball game between the Hokkaido Nippon-Ham Fighters and Orix Buffaloes.
The 4D replay technology developed by ESMLab makes it possible to create a video that seems to transcend space and time through the clever positioning and angling of dozens of cameras. The real-time 4D technology produces videos that are full of exciting tension. The technology has been applied to sports broadcasting first, and now it is receiving increasing attention for its use in filming television dramas.
With the aim of pioneering the global 4D replay market, ESMLab successfully conducted PoCs for U.S. Major League baseball clubs in June and is currently engaged in an annual contract for 2018. The company is also under negotiations with multiple sports leagues and broadcasting companies (e.g. NBA, UFC) to promote the use of 4D replay technology in popular American sports.
For more information visit http://www.esmlab.com/
SOURCE K-ICT Born2Global Centre
Universa Expects to Raise Over $100 Million in the Upcoming ICO
At the Crypto Bazar forum, with holds its focus on developing and regulating the crypto-currency market in Russia, the creator of the Universa platform Alexander Borodich, who is the former top manager of the largest Russian IT company Mail.ru Group and now the head of the Venture Club venture fund, announced the plan to attract over $100 million during the new ICO.
Universa is expected to make a rival to such financially successful projects as Tezos ($230 million) and EOS ($200 million). According to Borodich, the founding of Universa can be compared to the revolution in trade, after the advent of paper money, or the Internet, after the appearance of HTTP.
“The dependence of blockchain on mining process and its high expenses resembles the dependence of gold coins on the price of gold,” says Borodich. “Universa offers an easy and cheap way to produce smart contracts or smart banknotes – sort of a capsule with an emitter’s payment obligation.”
The Universa unique feature is a thin protocol and a fat client, unlike Ethereum, which uses a fat protocol. Each vendor, supplier, or market player will be able to provide their own local service within Universa, independent of the others, and to perform payment transactions in any tokens or currencies.
Borodich considers important that Universa does not act as a cryptocurrency provider. Universa provides a blockchain technology and interface for creating smart contracts and applications based on the Universa blockchain, where Universa smart contracts can be applied as well as a car “smart key,” in the car-sharing services, hotel business, entertainment centers, SPA, “smart houses,” at gas stations, toll roads, and parking lots.
Borodich gave an example of applying Universa in the cargo delivery business: “The label on the RFID system (the method of automatic object identification, which uses radio signals to read or write data) equipped “smart seals is recognized by the terminal, and the user receives the cargodescription, as well as any necessary details. To accomplish this, one only needs a Smartphone with a Universa blockchain mobile node.”
Universa presents many advantages in comparison with the competitors: Universa’s speed accounts for 10,000 transactions per second, while in Etherium, the number is 15, and in Bitcoin – from three to six. In addition, transactions in Universa are ten times cheaper and do not depend on mining.
The experts at the forum mentioned Russian projects being popular with investors and noted the fact that the capitalization of the cryptocurrency market crossed the $95 billion mark. Thus, MobileGO ($53 million), SONM ($35 million), Polibius ($ 31million), Waves ($16 million) raised tens of millions of dollars in a couple of months. Along with the crypto-investors and founders of ICO-projects, the speakers at the Forum included the Russian State Duma representatives and the heads of the industry specific sectors at Russian leading banks.
CONTACT: Alexander Borodich: +7 (926) 147-30-59
Shikun & Binui Publishes Tender Offer to Acquire Controlling Stake in ADO (ADO TA); Upon Completion, Company Expects to Record NIS300m-380m in Net Profit
Shikun & Binui Ltd. (TASE: SKBN.TA),a global construction, infrastructure and real estate company, has published a tender for the purchase of an additional 10% of the shares of ADO, a company in which it currently holds a 40.15% share. If the tender is completed, the Company will have obtained a controlling share of ADO and will begin consolidating its financial results.
If the tender offer is completed in full, Shikun & Binui estimates that it will record net profit of approximately NIS 300 million to NIS 380 million at this stage. In addition, after consolidating ADO within its financial results, the Company expects that its total balance sheet assets will increase by approximately NIS 11 billion.
Commenting on the transaction, Mr. Moshe Lahmani, Chairman of Shikun & Binui, said, “ADO has been building its activities in Berlin for more than a decade, a period during which the city grew to become a thriving and fast-growing city, and demand for rental apartments has been growing right along with it. In our opinion, the city’s strong macro indicators support further growth in our business, as proven most recently by ADO’s successful bond offering in Germany, which demonstrated the confidence of the local market in ADO’s prospects, and in the rise in market value that ADO has seen for its properties during the first half of 2017. We view ADO as a strategic asset, and see this acquisition as the embodiment of the strategic decision we have taken to expand our portfolio of income generating assets.”
Mr. Yaron Karisi, Shikun & Binui’s CEO, added, “During the past several years, ADO has built a unique, stable, high-quality operating platform with an ability to support an additional scale-up of its activities in Berlin. The successful €400 million bond offering that ADO completed recently will enable it to acquire additional assets in line with its strategic goals, and we believe that ADO is poised to remain a major player in its market for years to come.”
ADO, whose shares are traded on the Tel Aviv Stock Exchange under the symbol ADO TA, is the controlling shareholder of ADO Properties, a Berlin-based company that holds over 20,000 rental apartments and other properties in the city.
About the Shikun & Binui Group
The Shikun & Binui Group is a global construction and infrastructure company that operates in Israeland internationally in seven segments: 1) infrastructure and construction contracting outside ofIsrael; 2) infrastructure and construction contracting within Israel; 3) real estate development withinIsrael; 4) real estate development outside of Israel; 5) renewable energy; and 6) concessions. The Group’s activities focus on large, highly complex projects carried out for entities in private and public sectors with a focus on sustainability.
This summary announcement was prepared solely for the convenience of the reader and does not replace Shikun & Binui Ltd.’s (hereafter – “the Company”) full report. The information contained in this announcement is, by its nature, incomplete. All of its contents are provided as a supplement to the Company’s report, and are subject to the declarations therein stated. This announcement includes forecasts, assessments, estimates and other information relating to the Company or its subsidiaries, or to other parties or to future events and matters, the extent of whose realization is not certain and is not under the sole control of the Company (forward-looking information, as defined in the Securities Law-1968). The key facts and data serving as the basis for this information are facts and data, among others, related to the current status of the Company and its businesses, facts and data relating to the current status of the operating segments in which the Company engages in its areas of operation, and other macroeconomic facts and data known to the Company on the preparation date of this presentation.
It is understood that forward-looking information does not constitute a fact and is based solely on subjective assessments. Forward-looking information is uncertain and for the most part, is not under the Company’s control. The realization or non-realization of the forward-looking information will be influenced, among others, by the risk factors that characterize the Company’s operations, as well as developments in the general environment and external factors that impact the Company’s operations. The Company’s future results and achievements could differ significantly from those presented in this presentation. The Company is not obligated to update or modify the said forecast or assessment, and is not obligated to update this announcement. This announcement does not constitute an offer to purchase the Company’s securities or an invitation to receive such offers. An investment in securities in general, and in the Company in particular, carries risk. One must take into account that past data do not necessarily indicate future performance.
+972 (3) 6301058
Ehud Helft/Kenny Green
GK Investor Relations
SOURCE Shikun & Binui
Announcement in Relation to Settlement Agreement With Perisai Petroleum Teknologi Bhd
The Board of Directors (the “Board“) of EMAS Offshore Limited (the “Company” and together with its subsidiaries, the “Group“) wishes to refer to the (a) announcement released by the Company dated 23 December 2016 in relation to the Company’s entry into a settlement agreement (the “Settlement Agreement“) with Perisai Petroleum Teknologi Bhd (“PPTB“), as well as the (b) announcements released by the Company dated 21 April 2017 and 24 May 2017, in relation to the extension of the long stop period as set out in the Settlement Agreement.
The Board wishes to also refer to the announcement released by PPTB on 17 August 2017 in relation to the lapse of such long stop period, the termination of the Settlement Agreement and the put option notice served by PPTB on the Company with respect to the transfer of PPTB’s interest in 51% equity interest in SJR Marine (L) Ltd to the Company (the “Perisai Announcement“). The Perisai Announcement is available in Appendix 1 of this announcement.
The Company is seeking legal advice in respect of the matters set out in the Perisai Announcement. The Company will make further announcements in compliance with the listing requirements of the Oslo Bors when there are material developments. When in doubt as to the action they should take, shareholders should consult their financial, tax or other advisers.
This announcement is subject to disclosure in accordance with section 5-12 of the Norwegian Securities Trading Act.
By Order of the Board
20 August 2017
PERISAI PETROLEUM TEKNOLOGI BHD (“PERISAI” OR THE “COMPANY”)
PROPOSED SETTLEMENT AGREEMENT IN RESPECT OF THE DISPUTES ARISING FROM OR IN CONNECTION WITH THE SHARE SALE AGREEMENT DATED 30 NOVEMBER 2012 (INCLUDING THE SUPPLEMENTARY AGREEMENTS ENTERED INTO IN RESPECT THEREOF) (“SSA”) BETWEEN PERISAI AND EOC LIMITED (NOW KNOWN AS EMAS OFFSHORE LIMITED) AND/OR THE PUT OPTION RIGHTS OF PERISAI UNDER THE SSA (“PROPOSED SETTLEMENT AGREEMENT”)
Unless otherwise defined in this announcement, all terms used herein shall have the same meanings as those defined in the earlier announcement in relation to the Proposed Settlement Agreement dated 23 December 2016.
We refer to our announcements dated 23 December 2016, 2 March 2017, 21 April 2017, 17 May 2017, 24 May 2017, 23 June 2017 and 10 July 2017 in relation to the Proposed Settlement Agreement.
On behalf of Perisai, M&A Securities wishes to announce that Perisai had on 14 August 2017 requested for a confirmation from EOL on the status of the Conditions Precedents to be fulfilled by EOL. EOL had on 15 August 2017 confirmed that EOL has not received any representation from OCBC which would allow EOL to conclude whether or not the Conditions Precedents would be satisfied. EOL further confirmed that the Long Stop Period be extended only up to 23 July 2017. As the Long Stop Period has since lapsed, the Proposed Settlement Agreement has become ineffective.
Pursuant to the terms of the Proposed Settlement Agreement and the lapse of the Proposed Settlement Agreement, the put option granted by EOL to Perisai pursuant to the SSA is revived accordingly. This gives Perisai the right to sell its 51% equity interest in SJR Marine to EOL. Perisai had earlier served the Put Option notice to EOL on 8 December 2016. Following the lapsing of the Proposed Settlement Agreement, Perisai is pursuing to complete the Put Option, which shall take place 30 days from 17 August 2017 in accordance with the terms of the Put Option notice served on EOL earlier.
Based on the above, the Proposed Settlement Agreement detailed in the announcement on 23 December 2016 has been aborted.
The Company will make such further announcement on the development on the above matter as and when necessary.
This announcement is dated 17 August 2017.
Company Name: PERISAI PETROLEUM TEKNOLOGI BHD
Stock Name: PERISAI
Date Announced: 17 Aug 2017
Category: General Announcement for PLC
Reference Number: GA11708201700010
This information was brought to you by Cision http://news.cision.com
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SOURCE EMAS Offshore Limited
Pacific Special Acquisition Corp. and Borqs International Holding Corp Announce Completion of Business Combination
Pacific Special Acquisition Corp. (the “Company” or “Pacific”), a special purpose acquisition company whose securities currently trade on Nasdaq under the symbols PAACU, PAAC, PAACR and PAACW, and Borqs International Holding Corp (“BORQS”), today jointly announced that the two companies have successfully concluded a merger by which BORQS became a wholly-owned subsidiary of the Company and the former stockholders of BORQS acquired a majority of the outstanding equity of the Company. As previously announced, the transaction was approved at a special meeting of the Company’s shareholders held on August 10, 2017.
As consideration for the merger, the Company issued 22,619,198 ordinary shares to BORQS, of which 942,467 shares were deposited in escrow for indemnification obligations and 2,352,285 shares were deposited in escrow subject to the combined company meeting certain earn-out requirements, and rolled over BORQS outstanding warrants and options. In connection with the business combination, the Company sold approximately $10.8 million of ordinary shares in a private placement to Zhengqi International Holding Limited, the Company’s sponsor, and EarlyBird Capital, Inc., the Company’s underwriter in its initial public offering. Additionally, in connection with the closing of the business combination, the Company will issue approximately 628,188 ordinary shares to the holders of its outstanding public and private rights.
As part of the transaction, the Company has filed appropriate paperwork to change its name to “Borqs Technologies, Inc.” The Company expects that its ordinary shares and warrants will trade on the Nasdaq Capital Market under the ticker symbols “BRQS” and “BRQSW,” respectively, starting on or about August 21, 2017, and its units and rights are expected to cease trading as of the close of business on August 18, 2017.
Pat Chan, Chairman and CEO of BORQS, proclaimed, “We are entering an exciting phase of our company where the resources of the public capital market will certainly fuel our R&D efforts and business growth in the burgeoning IoT industry. We will be able to execute more rapidly and efficiently in delivering and scaling new designs and products to the world’s connected consumers.”
Yaqi Feng, Chief Operating Officer of Pacific, remarked, “On behalf of Pacific, our sponsor, Zhengqi International Holding Limited, and our sponsor’s parent, Pacific Securities Co. Ltd. we are excited about joining forces with BORQS, and we believe we have made a powerful combination: Pacific’s innovation focus and capital market expertise are now combined with BORQS’ experienced management team and their consistent track record of high growth in the promising IoT industry. This successful merger delivers to Pacific’s shareholders the key benefits of a SPAC structure: capital preservation and an opportunity for high growth. Pacific Securities Co. Ltd., our sponsor’s parent, continues to see a significant flow of opportunities for partnerships with fast growing companies in prospering industries, in Asia and worldwide, and will continue to seek deals that will deliver the greatest value to its investors and shareholders.”EarlyBird Capital, Inc. was financial advisor to the Company. Ellenoff Grossman & Schole LLP, King & Wood Mallesons and Ogier were legal advisors to the Company, and Fenwick & West LLP, Maples and Calder and Han Kun Law Offices were legal advisors to BORQS.
Borqs International Holding Corp, is a global leader in software and products for IoT providing customizable, differentiated and scalable Android-based smart connected devices and cloud service solutions. Deloitte named BORQS as one of the fastest growing technology companies in China & Asia Pacific in 2011, 2012 and 2013. In 2013, 2014, 2015 and 2016, BORQS was awarded Company of the Year for Innovation & Leadership in Mobile Technology for Asia Pacific from the International Alternative Investment Review. Recently BORQS received the “50 Most Promising IoT Solution Providers 2016” recognition from CIO Review magazine. For more info, visit: http://www.borqs.com/
On December 27, 2016, and as amended on May 10, 2017 and June 29, 2017, the Company entered into a definitive merger agreement with BORQS, as described in the Company’s current reports on Form 8-K filed January 3, 2017, May 12, 2017 and July 3, 2017. The Company has changed its name to “Borqs Technologies, Inc.”
This press release includes “forward-looking statements” that involve risks and uncertainties that could cause actual results to differ materially from what is expected. Words such as “expects”, “believes”, “anticipates”, “intends”, “estimates”, “seeks”, “may”, “might”, “plan”, “possible”, “should” and variations and similar words and expressions are intended to identify such forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Such forward-looking statements relate to future events or future results, based on currently available information and reflect the Company’s and BORQS’s managements’ current beliefs. A number of factors could cause actual events or results to differ materially from the events and results discussed in the forward-looking statements. Such factors include, among other things: (1) the ability to maintain the listing of the Company’s securities on the NASDAQ Capital Market following the business combination; (2) the risk that the business combination disrupts the Company’s current plans and operations; (3) the ability to recognize the anticipated benefits of the business combination, which may be affected by, among other things, closing proceeds, competition and the ability of the business to grow and manage growth profitably; (4) the outcome of any legal proceedings that may be instituted against the Company or BORQS following the closing of the business combination; (5) changes in applicable laws or regulations; and (6) the possibility that the Company may be adversely affected by other economic, business, and/or competitive factors. In addition, please refer to the Risk Factors section of the Company’s proxy statement and its Forms 10-K and 10-Q for additional information identifying important factors that could cause actual results to differ materially from those anticipated in the forward-looking statements. Except as expressly required by applicable securities law, the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.
SOURCE Pacific Special Acquisition Corp.
CONTACT: Pacific Special Acquisition Corp., +1 646-512-5674 or +86 21-61376584 or Zhouhong Peng, Chief Executive Officer, firstname.lastname@example.org or Yaqi Feng, Chief Operating Officer, email@example.com
CNN Hero and HIV/AIDS Orphans Champion Jackson Kaguri Inspires SAS Students to “Be Their Own Heroes”
Singapore American School (SAS) welcomes Nyaka AIDS Orphans Project (NAOP) founder Twesigye Jackson Kaguri to discuss student leadership and advocacy through the Nyaka AIDS Orphan Project at SAS started by then seventh grader Ayla Martin in 2016.
The NAOP was first founded in 2001 by Twesigye Jackson Kaguri in response to the HIV/AIDS epidemic in south-western Uganda. It began in the Nyaka Primary School, a two-room school on a small plot of land. The school officially opened in 2003 to 55 students, all HIV/AIDS orphans.
The SAS project was a direct result of Martin’s involvement with the NAOP. According to Martin, “1.6 million children in Uganda have no parents because they’ve died of HIV/AIDS. Also they have to walk seven miles barefoot each and every day to school and back.” The goal of the service club at SAS is to educate these children and bring a better life to orphans by sponsoring their education and developing a personal relationship with students.
The project aims to work with Kaguri in rural Uganda to end systemic deprivation, poverty, and hunger through a holistic approach to community development, education, and healthcare. So far, the SAS community has successfully sponsored seven orphans to date. The project is actively supported by the SAS Foundation which has a 60 year-old legacy of paying it forward to enrich the educational experiences of the students.
From living the American dream to facing Uganda’s HIV/AIDS pandemic, Kaguri’s work has admirers in humanitarian circles all over the world, including the United Nations. He received the 2015 Waislitz Global Citizen Award, was named a 2012 CNN Hero, is recognized in Time Magazine‘s ‘Power of One” series, is a Ted Talks participant, and has authored five books including A School For My Village.
At SAS, Kaguri will inspire students by sharing his own journey about building a life and a career of serving others. He will also address local and global issues like poverty eradication, help for the disabled and ill, education for all, his environmental worldview, as well as his position on environmental ethics.
According to Martha Began, co-advisor of the SAS Executive Service Council and Global Issues Network, “Mr. Kaguri’s life story will add vibrancy to the pallet of SAS student experiences that develop skills, traits, and dispositions to become exemplary global citizens. We look forward to broadening our minds with Mr. Kaguri.” The SAS Service Council consists of 54 student-run and led service clubs and their teacher advisors. The council values diversity, democracy, civic engagement and contributing to the common good, encouraging young people to make local and global societies better together.
SAS would like to invite all members of the public as well as the media to a community event that will be held on August 24, from 3:30 p.m. to 5:00 p.m. at the school. Kaguri will highlight his experiences around building a school to educate AIDS orphans in his home village. The presentation will be followed by a book signing event.
*As a security requirement, all attendees as expected to RSVP by by filling this form.
About Singapore American School
Singapore American School (SAS) is an independent, non-profit, coeducational, college preparatory day school offering a US curriculum with an international perspective for students in preschool through grade twelve. SAS has the largest Advanced Placement program outside of the United States, is fully accredited by the Western Association of Schools and Colleges (WASC) in the United States, and offers the American High School Diploma at the senior level. Established in 1956, the school primarily serves the US and international expatriate communities of Singapore.
SOURCE Singapore American School
CONTACT: Vanessa Spier (firstname.lastname@example.org), Strategic Director of Communications, Singapore American School, 40 Woodlands Street 41 Singapore 738547
SCMP Launches Free Job Listing Platform on cpjobs.com
South China Morning Post, Asia’s leading media company, today announced that cpjobs.com, its flagship online recruitment platform, will expand candidate-finding capabilities for the recruitment community with free-of-charge job listing services. This is to supplement a host of job-matching services offered by cpjobs.com and its smartphone app.
Recruiters and hiring companies are now able to post job advertisements in cpjobs.com’s Standard Job Listing service without a fee, starting from today (18 Aug). This follows cpjobs.com’s mission to seamlessly connect recruiters with the right jobseekers.
Since its launch in 2015, cpjobs.com has focused extensively on product developments. One of its key built-in propriety features was “Match Me+”. Developed entirely in-house, “Match Me+” initially improved user conversion through behavourial targeting, i.e. job recommendations based on users’ online behaviour. The mechanism was further scaled with the addition of data mapping based on user profiles and job descriptions along with more well-defined online behaviour. Since “Match Me+” was launched two years ago, cpjobs.com’s overall user conversion rate was tripled.
“Cpjobs.com draws on a wealth of experience and insights from Classified Post, SCMP’s signature recruitment service since 1973, rendering an in-depth understanding of the behaviour of recruiters and jobseekers,” said Ms. Elsie Cheung, SCMP Chief Operating Officer. “Hence, cpjobs.com understands the online challenges and opportunities that our stakeholders confront every day. Powered by that tapestry of knowledge, cpjobs.com developed and refined an algorithm-based approach that cuts through the clutter and swiftly puts recruiters in touch with candidates of compatible background, skills and aspirations. We are confident that free job listings on cpjobs.com will enable our recruiter and employer partners to focus on generating more value for their companies armed with our online capabilities.”
Ms. Peggy Chu, Business Director of cpjobs.com, said, “In addition to our expanding online capabilities, cpjobs.com will guide first-time recruiters through our easy-to-use job posting management system and we will support them with real-time automated feedback reporting. Recruiters on cpjobs.com can also ride on the Hong Kong-wide mass-market campaign that we will soon launch, which will expand the reach of their job ads. As we gather more data on jobseeker and recruiter behaviour, we would be in a position to strengthen our algorithms, and our predictive recommendations will reach a new level of compatibility between recruiters and jobseekers.”
About South China Morning Post Publishers Limited
South China Morning Post Publishers Limited is a leading newspaper and magazine publisher in Asia. Its flagship publication, the South China Morning Post, is Hong Kong’s internationally recognised English language newspaper and has the city’s most affluent and influential readership.
First published in 1903, the newspaper has developed an enviable reputation for authoritative, influential and independent reporting on Hong Kong, China and the rest of Asia. Available in print, mobile, tablets and online through scmp.com and e-reader editions, the South China Morning Postreaches a global audience with daily breaking news, analysis and opinion, multimedia articles and interactive forums. The South China Morning Post received 200 awards in 2016-17 for excellence in editorial, marketing and technical capabilities. Other titles in the company include the Sunday Morning Post, STYLE, Destination Macau and The PEAK.
Through the joint venture partnership with Hearst, SCMP Hearst publishes the Chinese editions of Cosmopolitan, CosmoBride, Harper‘s BAZAAR, Harper‘s BAZAAR Art, Harper‘s BAZAAR Bride, Esquire, ELLE, ELLE Men, ELLE Wedding, ELLE Décoration, and ELLE Accessories; and operates Cosmopolitan.com.hk, Cosmogirl.com.hk, Harpersbazaar.com.hk, ELLE.com.hk and EsquireHK.com in Hong Kong.
SOURCE South China Morning Post
CONTACT: email@example.com, +852-2680-8888
Kerala Tourism Website Comes to Limelight Yet Again
The website of Kerala Tourism is yet again in the spotlight with its new video gallery attracting millions of visitors every month. A pioneer in using digital tools, Kerala Tourism had started using videos in ICT (Information and Communication Technology) campaigns almost two decades ago. It sent its first video clip via email as early as in 1998 when most organizations had not even thought of owning a website.
The website of Kerala Tourism has bagged more than 20 prestigious national and international awards. Seeing the potential of videos, Kerala Tourism went on to set up its own channel on YouTube as early as in 2009. This channel contains more than 3000 video clips and movies showcasing the various tourist attractions in Kerala. Following website renovation, a total of 100 videos from this extensive collection have been added to the Kerala Tourism website and this has led to the website garnering record hits in such a brief period of time.
Moreover, the gallery is not static. At least one new video of Kerala Tourism is added to it every week. These videos are grouped under various headings- natural beauty, travel experiences, adventure tourism, tourism infrastructure, local healthcare, cuisine and so forth.
Besides video gallery, Kerala Tourism website also offers a vast array of topics which are of utmost interest and beneficial to the tourists planning for a holiday in Kerala. These include the tour planner, places to visit, things to do in Kerala, a picture gallery, message board, Kerala experiences such as Ayurveda, Kerala cuisine, festivals and so forth.
About Kerala Tourism
Department of Tourism, Government of Kerala popularly known as Kerala Tourism spearheads the promotion of Kerala, state of the Republic of India. Kerala is famous for backwaters, beaches, hill stations, Ayurveda, martial arts, performing arts and so forth.
Invis Multimedia Pvt. Ltd.
SOURCE Kerala Tourism
Medivir Licenses Exclusive Rights to MIV-802 for Greater China to Ascletis
Medivir AB (Nasdaq Stockholm: MVIR) and Ascletis today announce that Ascletis has licensed the exclusive rights to develop, manufacture and commercialize Medivir’s nucleotide polymerase inhibitor for hepatitis C, MIV-802 (Ascletis code: ASC21), in Greater China.
Under the terms of the agreement, Medivir received an upfront payment, and is entitled to receive milestones based on successful development through commercial launch and tiered royalties on net sales of MIV-802 containing products. Ascletis will fund clinical development, manufacturing and commercialization of MIV-802 in Greater China.
“We are pleased to have Ascletis as a partner with their track record in advancing development of pharmaceuticals in Greater China and their portfolio of antivirals with which to create a combination drug against hepatitis C” said Christine Lind, CEO of Medivir.
“Ascletis has filed an NDA in China for its first HCV NS3/4A medicine, danoprevir, at the end of 2016 and has an HCV NS5A inhibitor in the late stage clinical development. By acquiring MIV-802, a nucleotide NS5B inhibitor, Asceltis is committed to treating, eventually eliminating, hepatitis C in greater China with its multiple leading antiviral combinations including MIV-802,” said Dr. Jinzi J. Wu, CEO of Ascletis.
For further information, please contact:
CFO Medivir AB
Associate Director, Corporate Affairs
MIV-802 is a potent, pangenotypic nucleotide inhibitor of the HCV NS5B polymerase. Hepatitis C treatments comprise combinations of pharmaceuticals with different antiviral mechanisms. Preclinical data indicate that MIV-802 can be used effectively in combination with other classes of antiviral agents for the treatment of HCV, including protease inhibitors, non-nucleoside NS5B inhibitors, and NS5A inhibitors.
Medivir is a research-based pharmaceutical company with a focus on oncology. We have a leading competence within protease inhibitor design and nucleotide/nucleoside science and we are dedicated to develop innovative pharmaceuticals that meet great unmet medical needs. Medivir is listed on the Nasdaq Stockholm Mid Cap List.
Ascletis is a leading biotechnology company dedicated to discovering, developing and commercializing new treatments for liver diseases. Ascletis has assembled an entrepreneurial management and senior scientific team with a track record of successful pharmaceutical discovery and development at major global pharmaceutical companies. To date the company has added four late-stage candidates to its product portfolio: Danoprevir (ASC08), an NDA-filed HCV protease inhibitor, licensed from Roche; Ravidasvir (ASC16), phase II completed HCV NS5A inhibitor, licensed from Presidio Pharmaceuticals; ASC06, a clinical stage, first-in-class, RNAi therapeutic for the treatment of liver cancers, licensed from Alnylam Pharmaceuticals; and ASC09, a phase IIa completed HIV protease inhibitor, licensed from Janssen, a Johnson & Johnson company. For more information, please visit www.ascletis.com or www.ascletis.com.cn
This information was brought to you by Cision http://news.cision.com
The following files are available for download:
Press release (PDF)