New York, New York – Newsfile Corp. – October 9, 2023 – WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Infinity Pharmaceuticals, Inc. (NASDAQ: INFI) between January 5, 2022 and July 24, 2023, both dates inclusive (the “Class Period”), of the important October 16, 2023 lead plaintiff deadline.
SO WHAT: If you purchased Infinity securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the Infinity class action, go to https://rosenlegal.com/submit-form/?case_id=18465 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than October 16, 2023. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: “[b]y representing to shareholders that Infinity was moving forward on the MARIO-4 and MARIO-P studies for breast cancer and that Infinity had multiple partnership options, only to thereafter completely abandon that lead indication, was materially false and misleading. Infinity shareholders now know that Infinity’s lead candidates were being abandoned, Infinity is no longer partnering, Infinity is merging into a company with a lower market cap, and the merger candidate had recently abandoned its lead candidate, leaving Infinity with a pipeline that will take at least 6+ years to get a product on the market if the therapy even works.”
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
This content was prepared by Media OutReach. The opinions expressed in this article are the author's own and do not reflect the view of Siam News Network.
As part of Busan International Film Festival in South Korea
HONG KONG SAR – Media OutReach – 9 October 2023 – PCCW (SEHK: 0008) – Viu, Asia’s leading pan-regional OTT video streaming service, announced today that it had won the award for “Special Contribution for K-Wave” at the Asia Contents Awards and Global OTT Awards (ACA & G.OTT Awards) 2023 held in South Korea on 8 October 2023. The newly introduced category recognises the contribution of OTT streamers to making K-content a global phenomenon. Viu is one of the first winners in the category, having brought Korean and other Asian content to a wide audience globally, with over 60 million active users in its footprint.
Co-hosted by South Korea’s Ministry of Science and ICT and Busan Metropolitan City authorities, and co-organised by the Busan International Film Festival and Korea Radio Promotion Association, the ACA & G.OTT Awards celebrates the achievements of excellent content made for TV, OTT and online channels across Asia. The event is a rebrand of the fifth-edition Asia Contents Awards (ACA), as part of its efforts to embrace changes in the growing content industry and support well-made domestic and international content.
Since its launch in 2015, Viu has been one of the strongest promoters of Asian content, especially K-content, outside of Korea in the digital space. Currently in its eighth year of operation, Viu offers localised K-dramas on the same day as their telecast in Korea, on top of actively investing in Korean Viu Originals. Viu was also among the first OTT service providers to launch a freemium model in Asia, which helped accelerate its uptake and the legal consumption of Korean content in the digital space, effectively monetising K-content for both AVOD and SVOD.
Janice Lee, CEO, Viu & PCCW Media Group, said, “We are grateful for the recognition of Viu for its achievements as an OTT streamer in popularising K-content globally and Asian Viu Originals across Asia, the Middle East and South Africa. We thank our many partners in Korea for entrusting us with their creative work and for lending us their support over the years. Korean content has been one of the key pillars of our success across markets. It continues to be an important part of our mix of offerings alongside Viu Originals productions, which include local adaptations of popular K-dramas like She Was Pretty, upcoming W in Malaysia, Flower of Evil in the Philippines, and the recently announced remake of Reborn Rich in Thailand. We remain committed to bringing the best of Korean and other Asian content to a global audience.”
Moon Munyeon Kim, Chief of Organising Committee, ACA & G.OTT commented, “We’re truly honoured and grateful for receiving over 210 entries for our awards event this year and would like to share the valuable moments with all nominees and winners of each award category in Busan. Most significantly, it’s our great pleasure to celebrate Viu as a winner of ‘Special Contribution for K-Wave’ category. We really appreciate Viu’s contribution to distributing K-content worldwide with various international languages and believe that Viu is the one to show us how K-content moves in the global market.”
Hashtag: #Viu #PCCW
The issuer is solely responsible for the content of this announcement.
About Viu
Viu, PCCW’s leading pan-regional over-the-top (OTT) video streaming service, is available in 16 markets across Asia, the Middle East and South Africa, with 65.5 million monthly active users (MAU) as of June 2023. In July 2023, PCCW and CANAL+ formed a strategic partnership to accelerate the growth of Viu, making CANAL+ a minority shareholder in Viu.
The Viu service is available to consumers through a dual model with an ad-supported free tier and a premium subscription tier (consisting of different subscription options).
Viu offers fresh premium TV series, movies and lifestyle programmes, in different genres from top content providers, in local and regional languages and subtitles. It also produces premium original productions under the brand “Viu Original”. Viu also offers users streaming and download features and localised user interfaces across a myriad of connected devices. Viu can provide the best viewing experience regardless of device or network conditions.
Viu-ers can access the service via the Viu app (available for free on App Store and Google Play) on connected devices, e.g. smartphones and tablets, selected smart TVs, and on the web by logging into www.viu.com.
In addition, Viu Scream Dates is Viu’s fan meet offering across its markets. Viu Scream Dates aims to extend the Viu experience beyond the screens by bringing the stars closer to their fans via live events and experiences. Viu International Limited, through its subsidiary Moov (Hong Kong) Limited, also operates MOOV, a popular digital music streaming and live music concerts service in Hong Kong.
About PCCW Limited
PCCW Limited (SEHK: 0008) is a global company headquartered in Hong Kong which holds interests in telecommunications, media, IT solutions, property development and investment, and other businesses.
The Company holds a majority stake in the HKT Trust and HKT Limited, Hong Kong’s premier telecommunications service provider and leading operator of fixed-line, broadband, mobile communication and media entertainment services. HKT delivers end-to-end integrated solutions employing emerging technologies to assist enterprises in transforming their businesses. HKT has also built a digital ecosystem integrating its loyalty programme, e-commerce, travel, insurance, big data analytics, fintech and healthtech services to deepen its relationship with customers.
PCCW owns a fully integrated multimedia and entertainment group in Hong Kong engaged in the provision of over-the-top (OTT) video service locally and in other regions, as well as content production, artiste management and the event business.
Through HK Television Entertainment Company Limited, PCCW also operates a domestic free TV service in Hong Kong.
In addition, PCCW holds a stake in Pacific Century Premium Developments Limited and other overseas investments.
To learn more about PCCW, please visit www.pccw.com.
This content was prepared by Media OutReach. The opinions expressed in this article are the author's own and do not reflect the view of Siam News Network.
The Bespoke Jet™ AI delivers exceptionally powerful cleaning performance along with smart features that keeps homes hygienic and clean
SINGAPORE – Media OutReach – 9 October 2023 – Samsung Electronics Singapore unveiled the Bespoke Jet™ AI, its most powerful cordless stick vacuum[1] yet. Boasting powerful suction power of up to 280W[2], AI-based cleaning functionality and a self-emptying enhanced All-in-One Clean Station™, the Bespoke Jet™ AI provides consumers with a convenient, smart-cleaning solution for any home.
Bespoke Jet™ AI is designed to effectively clean any homes with up to 280W of suction power and AI Cleaning Mode.
“Maintaining a clean and hygienic living space continues to be key for homeowners in Singapore. Designed with every lifestyle in mind, the Bespoke Jet™ is powered by new AI-based cleaning functionalities which make cleaning more intelligent for various environments at home. Along with its sleek design, exceptional suction power, and an enhanced, self-emptying All-in-One Clean Station™, Samsung wants to deliver a premium and convenient cleaning experience for users,” said Gavin Yeong, Head of Digital Appliances, Samsung Electronics Singapore.
Samsung’s Most Powerful and Longest-Running Cordless Stick Vacuum Yet
The Bespoke Jet™ AI delivers a powerful, hygienic cleaning experience, with up to 100 minutes of usage without recharging
The Bespoke Jet™ AI features the powerful HexaJet Motor which, with up to 280W of suction power, makes it Samsung’s most powerful vacuum motor to date. In addition, the vacuum boasts the longest single battery runtime of up to 100 minutes of usage on a single charge[3]. The battery features 80% more capacity than the previous model and has been optimised to retain 70% of its performance for up to 500 cycles.[4]
Samsung Bespoke Jet™ Premium Extra in Satin Black also comes equipped with an additional battery, effectively doubling the total runtime to an impressive 200 minutes when both batteries are used consecutively.
AI-Based Cleaning for an Exceptional Intelligent Cleaning Experience
The Bespoke Jet™ AI provides a more effective cleaning experience while catering to a diverse range of environments with the AI Cleaning Mode[5]. The vacuum can help identify floor types[6], such as carpets and wooden floors, and adjust suction power accordingly to maximise battery efficiency and optimise cleaning6. It is also the first cordless stick vacuum cleaner to feature an AI verification from UL Solutions, a leading independent safety science organisation[7].
With AI Cleaning Mode, the Bespoke Jet™ AI will first detect the brush load it has encountered through its suction motion controller, as well as the air pressure through its pressure sensors. This data will then be analysed to classify the floor type it is placed on, and the resulting algorithm will be automatically applied to provide the optimal suction power, making cleaning convenient by eliminating the need for users to manually adjust the suction power.
When used with the Slim LED Brush+, the vacuum is easier to navigate in various conditions or on different surfaces, improving manoeuvrability by up to 8%[8]. Slim LED Brush+ also helps the Bespoke Jet™ AI efficiently suck fine dust on hard floors, while reducing battery usage by up to 21%.
In addition to the AI Cleaning Mode, SmartThings[9] enables users to customise their vacuum and its functions while ensuring peak performance through the smart self-diagnosis function. This feature not only enhances the cleaning experience but also tracks and reports cleaning history, conducts self-diagnosis checks, and provides a personalised maintenance guide.
More Hygienic Experiences with an Upgraded All-in-One Clean Station™ and Accessories
The Bespoke Jet™ AI’s enhanced All-in-One Clean Station™ harnesses Air Pulse technology[10] to automatically empty the dustbin for quicker and more hygienic cleaning. It now features the latest Air Spin Edge technology, which rotates the Spinning Cyclone at a blade rate of up to 1,000 RPM to effectively remove 99%[11] of hair.
The All-in-One Clean Station™ can now automatically shut its cover after every disposal and offers a powerful dust management performance with a 99.999%[12]Multi-layered Filtration System to trap fine dust.
Additionally, the Bespoke Jet™ AI also features a selection of brushes and other in-box accessories. The Slim LED Brush+ features an anti-tangle roller on the front to ensure uninterrupted cleaning with a highly manoeuvrable design as well as LED lighting in order to effectively clean even in darker and trickier areas.
The Spray Spinning Sweeper allows the user to manually dispense additional water from its 150ml anti-bacterial tank while its microfiber pads combat the growth of over 99% of specific bacteria. It also includes the Pet Tool+ brush, specially designed for picking up thin and easily missed pet hairs.
The Bespoke Jet™ AI also provides users with additional accessories for a more thorough clean. The Combination Tool features a small brush at the end for a versatile clean, suitable for upholstery and keyboards, while the Crevice Tool[13] reaches tight corners and other awkward areas to pick up dust and dirt quickly in these narrow crevices and nooks. Lastly, the Flex Tool is able to bend up to 90 degrees to clean hard-to-reach places, such as the tops of cabinets or shelves.
For more convenient storage of the tools and brushes the Accessory Cradle allows users to keep their cleaning tools organised and accessible. Additionally, the Bespoke Jet™ AI Premium Extra includes a battery charging kit, to allow users to charge the spare battery separately.
Available in two timeless Bespoke colours: Satin Black and Satin Greige, the Bespoke Jet™ AI is set to transform cleaning into a smart, adaptive, and efficient process, while giving homes a touch of modernity while displayed.
Availability and Pricing
The new Samsung’s Bespoke Jet™ AI is now available on the Samsung Online Store and at selected consumer electronic stores.
[1] Compared to the stated suction power of cordless vacuum products in Samsung.
[2] Based on testing by the Korea Testing Laboratory, in accordance with the IEC62885-4: 2020 standard. Measured at the inlet of the non-motorised tool when the dustbin is empty, using Jet Mode and a large capacity battery that is fully charged.
[3] The stated run time is based on using a large capacity battery that is fully charged at the minimum power level with a non-motorised tool attached. Results may vary depending on actual usage.
[4] Maintains 70% capacity after 500 cycles of use, based on the battery package capacity (4500mA). 1 cycle: Full discharge after being fully charged (100% ~ 0%). Results may vary depending on usage. Based on internal testing.
[5] AI Cleaning mode related functions/performance will be continuously updated and upgraded through SmartThings.
[6] The ability to identify different cleaning environments can be affected by environmental conditions.
[7] In May 2023 it was the first cordless stick vacuum cleaner to receive AI Certification from UL Solutions, a leading independent safety science organisation.
[8] Based on internal testing when using the Slim LED Brush+, in accordance with the global average ratio of the floor composition – wooden floor 76% and carpet 24%. It achieves the same cleaning performance as Mid mode with 2% or less difference in cleaning efficiency, in accordance with the IEC 62885-2 Cl. 5.1 and 5.3 standard. The battery consumption was measured based on the actual amount of power consumed while using the vacuum cleaner for 35 minutes from a fully charged state. The manoeuvrability is based on the actual measured value in accordance with the IEC 62885-2 CL. 7.3.9 standard. Results may vary depending on the actual usage conditions.
[9] SmartThings App is compatible on Android or IOS device, with Android 6.0 and higher or IOS 10.0 and higher, and Wi-Fi® connectivity to the mobile device. A Wi-Fi® connection and a Samsung account are required.
[10] Based on internal testing using various types of dusts. Results may vary depending on the actual usage conditions.
[11] Based on internal testing. The hair removal rate is measured by comparing the weight of the dustbin before and after sucking in hair until it reaches the Max Line and being emptied using the Clean Station. Results may vary depending on the actual usage condition.
[12] Based on internal testing, in accordance with the IEC 62885-2, CL.5.11 standard. Results may vary depending on the actual usage conditions.
[13] Based on testing by the Korea Analysis Test Researcher, in accordance with the AATCC-100, JIS-L-1902, KS K 0693, KS K 0890 and AATCC-147 standards. Deactivates 99.9% of Staphylococcus aureus and Escherichia coli bacteria. Results may vary depending on actual usage conditions.
Hashtag: #Samsung
The issuer is solely responsible for the content of this announcement.
About Samsung Electronics Co., Ltd.
Samsung inspires the world and shapes the future with transformative ideas and technologies. The company is redefining the worlds of TVs, smartphones, wearable devices, tablets, digital appliances, network systems, and memory, system LSI, foundry and LED solutions. For the latest news, please visit the Samsung Newsroom at news.samsung.com
This content was prepared by Media OutReach. The opinions expressed in this article are the author's own and do not reflect the view of Siam News Network.
Chairman Chen Zhi Receives Visionary Leader Award; Group Distinguished as Leading Real Estate Developer
PHNOM PENH, CAMBODIA – Media OutReach – 9 October 2023 – Prince Holding Group, one of Cambodia’s fastest-growing and largest business groups, is honored to announce its dual recognitions at the Global Brands Awards. Chairman Neak Oknha Chen Zhi received the Visionary Leader Award, acknowledging his astute leadership. Simultaneously, the Group was named the Leading Real Estate Developer, underscoring its unwavering commitment to excellence and its pivotal role in the Cambodian market.
Chairman Neak Oknha Chen Zhi received the Visionary Leader Award, acknowledging his astute leadership and reflecting his faith in Cambodia’s potential.
Under Chen Zhi’s leadership, Prince Holding Group has grown from strength to strength in Cambodia over the last decade. Boasting a diverse portfolio that includes real estate development, financial services, and consumer services, the Group has strategically invested over $2 billion in various Cambodian initiatives in recent years.
In addition to his commercial pursuits, Chen Zhi established the Prince Foundation, Prince Holding Group’s philanthropic arm. The Foundation is dedicated to education, youth empowerment, healthcare, and community engagement, having invested more than US$16 million over the last five years, benefiting over 1 million Cambodians.
Gabriel Tan, Chief Communications Officer at Prince Holding Group, commented, “Receiving these two awards is a significant acknowledgment of our dedication and hard work. The Visionary Leader Award particularly reflects Chairman Chen Zhi’s faith in Cambodia’s potential and his unwavering commitment to fortifying the country’s socio-economic base.”
Furthermore, Prince Holding Group spearheads the Bay of Lights project, an ambitious 934-hectare township in Sihanoukville, Cambodia. With an estimated investment of US$16 billion, this groundbreaking project not only seeks to revitalize the province but also aligns with Cambodia’s goal of being an upper middle-income country by 2030, showcasing the group’s dedication to sustainable progress.
Hashtag: #PrinceHoldingGroup
The issuer is solely responsible for the content of this announcement.
About Prince Holding Group
Prince Holding Group is one of Cambodia’s largest business groups, spanning across real estate development, financial services, and consumer services.
Prince Holding Group’s key business units in Cambodia include Prince Real Estate Group, Prince Huan Yu Real Estate Group, Prince Bank, Belt Road Capital Management, and Awesome Global Investment Group. Via its subsidiaries, Prince Holding Group has over 100 businesses in Cambodia operating in real estate development, banking, finance, tourism, logistics, technology, food and beverages, lifestyle sectors, etc.
Leveraging a network of industrial, business, and financial professionals across Asia, Prince Holding Group is firmly committed to the long-term development of Cambodia.
Moving forward, Prince Holding Group will continue to seek out opportunities to play an important role in Cambodia through partnerships or direct investments into key industries for the betterment of Cambodians and the local economy.
This content was prepared by Media OutReach. The opinions expressed in this article are the author's own and do not reflect the view of Siam News Network.
Initially offered in Brazil, Infobip’s new product is a set of predefined GenAI supporting use cases that helps brands leverage business results and strengthen the customer experience
KUALA LUMPUR, MALAYSIA – Media OutReach – 9 October 2023 – Global cloud communication platform Infobip launches Experiences, a set of predefined GenAI supporting use cases that helps brands to empower and elevate their businesses results. Starting in Brazil and deployed in the world across other regions in the upcoming months, Infobip Experiences is a new bet of Infobip in Brazil, due to this country’s potential as an emerging economy. Experiences is currently starting with a GenAI assistant, using ChatGPT technology to enhance customer interactions, with the aim of enabling businesses to increase sales, save time, and ensure customer satisfaction.
Infobip launches Experiences a new product with ChatGPT technology to revolutionize customer experience
From a GenAI appointment booking service to an expansive list of use cases that will increase to support a variety of businesses verticals, Infobip Experiences will be first available on WhatsApp. Experiences allows virtual interactions to be personalised, to make them resemble human interactions. By leveraging ChatGPT technology, it’s possible to make communication more comprehensive and humanised. Infobip Experiences can create limitless conversations using the correct tone of voice. All messages are pre-filled by GenAI, and it is possible to choose the ideal style for each platform.
As companies are currently exploring new ways to insert generative AI into their customer engagement suite and offer even more conversational experiences to consumers, further enhancing their journeys, Infobip Experiences was designed to be used in several industries and it will support all of them, such as retail, healthcare, transportation and logistics, tourism, among others.
Ivan Ostojic, Chief Business Officer at Infobip, said:“The ease of use and implementation is another differentiator. With Infobip Experiences, configuration can be done in minutes, and the omnichannel experience allows you to engage with customers on various chat and traditional conversation applications. Although we are first starting with WhatsApp, Experiences will be built upon Infobip’s unique omnichannel expertise and be channel agnostic. Other OTT channels like Viber, RCS, and Apple Business Messenger will follow, supported by traditional channels like SMS and Email for notifications.”
In practice, Infobip Experiences works as follows: A company which uses Experiences provides data to fuel the AI assistant with content related to its work. From there, you can use this data to define a message style that suits the brand, and the AI assistant can respond to consumer questions with human-like and well-informed conversations. If, however, it is unable to meet the customers’ needs, the inquiry is directed to a human agent.
Lack of personalization harms the relationship among brands and consumers
According to Infobip, 68% of people prefer to make contact or even purchase products via messaging apps. However, 75% of the consumers feel frustrated when customer service is not personalized and brands which introduces a shopping assistant with AI technology can solve that issue very fast. WhatsApp, for instance, stands out in the scenario of conversational commerce via messaging apps with an 80% growth in business interactions in 2022 compared to 2021. In Brazil, the app is also on the list of favourites for interactions with companies. This is one of the reasons why Infobip is introducing its new product in this open and still expanding market.
Ivan Ostojic also commented:“Companies should invest in a system that brings them closer to their target audience and exceeds their expectations. Brazil is a market very receptive to new technologies, making it perfect for implementing Infobip Experiences. Using a system that brings the customer closer to the company is a necessary business strategy capable of generating consistent results. People need to feel that the company cares about their demands and knows how to address them, both in terms of sales and support for other matters. This will improve even more the relationship among brands and their customers, leveraging the CX.”
The issuer is solely responsible for the content of this announcement.
About Infobip
Infobip is a global cloud communications platform that enables businesses to build connected experiences across all stages of the customer journey. Accessed through a single platform, Infobip’s omnichannel engagement, identity, user authentication and contact center solutions help businesses and partners overcome the complexity of consumer communications to grow business and increase loyalty. With over a decade of industry experience, Infobip has expanded to 75+ offices globally. It offers natively built technology with the capacity to reach over seven billion mobile devices and ‘things’ in 6 continents connected to over 9,700+ connections of which 800+ are direct operator connections. Infobip was established in 2006 and is led by its co-founders, CEO Silvio Kutić, Roberto Kutić and Izabel Jelenić.
Recent award wins include:
Infobip named a Leader in the Gartner Magic Quadrant™ for the Communications Platform as a Service (CPaaS) 2023 Report
Infobip named a Leader in the IDC MarketScape: Worldwide Communications Platform-as-a-Service (CPaaS) 2023 Vendor Assessment (doc #US50607923, May 2023)
Infobip named a leader in the CPaaS Leaderboard, Juniper Research (Feb 2023)
Infobip named a leader in the CCaaS Leaderboard, Juniper Research (Aug 2022)
Omdia Ranks Infobip as Leader in CPaaS Universe Report (May 2022)
Ranked the leading service provider in CPaaS by Juniper Research in its new Competitor Leaderboard CPaaS Vendors (October 2021)
Infobip named a Leader in the IDC MarketScape: Worldwide Communications Platform-as-a-Service (CPaaS) 2021 Vendor Assessment (doc #US46746221, May 2021)
Best A2P SMS provider for the fourth year running by mobile operators and enterprises in ROCCO’s annual Messaging Vendor Benchmarking Report
Best CPaaS Provider of the Year, Best RCS Provider of the Year, and Mover & Shaker in Telco Innovation at the 2021 Juniper Digital Awards
This content was prepared by Media OutReach. The opinions expressed in this article are the author's own and do not reflect the view of Siam News Network.
• 43% of Asia Pacific (APAC) businesses have effectively implemented a regenerative culture, and 46% are already operating a regenerative supply chain very effectively
SINGAPORE – Media OutReach – 9 October 2023 – Analysis from global consultancy Kearney has found that almost half (48%) of executives say their current business transformations aren’t working. Despite businesses moving from a focus on resilience during COVID to a new perspective of ‘regenerative’, currently only 51% of businesses effectively operate in this way. More is needed and more is yet possible.
What is a ‘regenerative business’?
Embedding new digital models and advanced analytics, while making supply chains and people models sustainable for business and society is now mission critical. Businesses that wish to fulfill these commitments will require a long-term approach of becoming truly ‘regenerative’. This means looking beyond resilience and proactively asking where value can be added back into society and the wider world.
Instead of optimizing for efficiency, the next generation of businesses will regenerate for speed, using external data plus analytical and advanced AI to see and make sense of what’s happening outside their own four walls quickly and accurately.
By regenerating the entire business system, from supply chain to customer experience and organizational culture, both business and the public sector can ensure that our teams, companies, and the broader environment can reach and sustain their full potential.
The view from the C-Suite
Kearney’s new research report Regenerate: For a future that works for everyone surveyed 800 C-suite business leaders from across the globe (including 159 in the APAC region) and found that 99% of regional business leaders thought that becoming a regenerative business was important. Additionally, in the study, more than half (51%) of APAC leaders reported that their companies were already operating regeneratively effectively. While this is higher than the global average (44%), there is still room for improvement, and more guidance is needed on this new business paradigm.
Similarly, 43% of APAC businesses reported effectively implementing a regenerative culture and 46% said they were already operating a regenerative supply chain very effectively.
Attitudes across the C-suite differ, too. More than half (55%) of APAC CEOs said that their business is very effective at operating regeneratively, with 41% saying there is still a lot of progress yet to be made.
COOs in the region are slightly less optimistic – with only 48% saying that they are currently very effective at operating regeneratively, and another 48% saying there is still progress yet to be made.
The research shows that most C-suites in APAC are adopting leadership styles that support regenerative businesses. They focus on action and empowering others to create their own positivity and change. 49% of CEOs said they are currently operating with regenerative leadership very effectively.
Arjun Sethi, Partner and APAC Regional Chair at Kearney, comments:
“The results of our survey make it clear that businesses in the region want to shift from a merely resilient strategy to a fully regenerative one that is more transformative at its core, whether that requires truly digitizing their obsolete global supply chains, embedding analytics into the entire operating model or upgrading the way they develop and inspire diverse and sustainable workplaces. Unexpected is the new expected, there is no normal as we navigate these necessary self-disruptions. More is needed and more is possible.
“A regenerative business model plugs this gap and takes businesses a step further, by facilitating fundamental change, at the core. Businesses must take a step back and review their business models and assess their products or services and drive maximum value for all stakeholders and the broader ecosystem that they operate in.”
Arjun Sethi adds:
“Our research shows that APAC businesses are on the right path toward regenerative models and that they are operating regeneratively in a more effective manner than global respondents. While this is positive, it is equally important that our leaders do not lose sight of the end goal while on this journey. Becoming regenerative is not just about restructuring and ironing out the pain points. It’s important that any plan sets the pace for long-term success and really adds value back into the world in which you operate.
“Businesses must build on their strengths and identify new opportunities for growth and impact in the future. Resilience was the watchword of the past few years, now it’s going to be ‘regenerative’.”
The issuer is solely responsible for the content of this announcement.
About Kearney
Kearney is a leading global management consulting firm with deep-rooted expertise in strategic transformation. We work with more than three-quarters of the Fortune Global 500, as well as with government bodies and non-profit organizations. As a global consulting partnership in more than 40 countries, our people make us who we are. We’re individuals who take as much joy from those we work with as the work itself. Driven to be the difference between a big idea and making it happen. We work alongside our clients to regenerate their businesses to create a future that works for everyone. To learn more about Kearney, please visit www.kearney.com.
This content was prepared by Media OutReach. The opinions expressed in this article are the author's own and do not reflect the view of Siam News Network.
SINGAPORE – Media OutReach – 9 October 2023 – Orion Credit Capital Asia Pte. Ltd. (“Orion Capital Asia”), a Singapore based private credit investment manager focused on direct lending in Asia Pacific, has reached the first close of its Fund III with up to US$205 million of subscriptions. The new fund has already started deploying capital.
Orion Capital Asia works with both private equity sponsors and local entrepreneurs by providing medium term secured loans to middle market businesses that have been underserved by traditional banking channels. The investments are across diverse industry sectors, are used for growth capital, acquisition financing, and other corporate initiatives, and in many cases involve bespoke financing solutions spanning multiple jurisdictions.
Orion Capital Asia has demonstrated a strong investment track record built on direct origination, robust structuring, and prudent underwriting. Orion Capital Asia has invested more than US$400 million from each of its first two funds, and in aggregate has invested more than US$1.5 billion including co-lenders, offering investors access to stable income generating private credit opportunities in Asia Pacific. Orion Capital Asia does not invest in distressed assets.
OMERS, the defined benefit pension plan for municipal employees in the Province of Ontario in Canada, made an equity investment into Orion Capital Asia in 2020.
The ten-year old platform was selected “Best of the Best Midcap Private Debt House” by South Korea’s pension funds and other major institutional investors in the “Best Asset Managers by Korean Investors 2020” awards by The Korea Economic Daily.
“We are very excited to have the first close of our third fund with top-tier global institutional investors,” said Nitish Agarwal, CEO and CIO of Orion Capital Asia. “The success of this fund raising is a strong validation of our investment strategy and investment track record, and positions Orion well to capture the opportunity set in middle market direct lending in Asia Pacific that has become even more attractive in current market conditions.”
“OMERS is delighted to be an investment partner in Orion Capital Asia. Our capital commitments to Orion have grown substantially since we made the equity investment into Orion three years ago,” said Ani Deshmukh, Managing Director, OMERS Global Credit. “Asia is a growth region for OMERS, and we look forward to working alongside Orion Capital Asia to participate in the growth of mid-market credit in the region.”
OMERS Global Credit seeks to deliver long-term and sustainable returns by investing across public and private credit strategies including liquid securities and structured investments, both directly and alongside best-in-class asset managers and direct lenders. It provides long-term, strategic and/or opportunistic capital to companies and partners in order to generate attractive risk-adjusted, stable cash returns for OMERS. OMERS is a jointly sponsored, defined benefit pension plan, with 1,000 participating employers ranging from large cities to local agencies, and over half a million active, deferred and retired members. Our members include union and non-union employees of municipalities, school boards, local boards, transit systems, electrical utilities, emergency services and children’s aid societies across Ontario. OMERS teams work in Toronto, London, New York, Amsterdam, Luxembourg, Singapore, Sydney and other major cities across North America and Europe – serving members and employers, and originating and managing a diversified portfolio of high-quality investments in public markets, private equity, infrastructure and real estate.
Additional information: For more information on Orion Capital Asia, please visit www.orioncapitalasia.com. For more information on OMERS, please visit www.omers.com. For any queries, please email [email protected]. Hashtag: #orioncapitalasia #privatecredit #privatedebt #privatemarkets
The issuer is solely responsible for the content of this announcement.
Orion Capital Asia
Orion Capital Asia is a ten-year old Singapore based private credit investment manager focused on direct lending opportunities in Asia Pacific to middle market businesses that are owned by both private equity sponsors and local entrepreneurs. It seeks to be a reliable source of capital that is tailored to the borrower’s needs and is value accretive, while achieving superior risk reward for investors through robust execution of the investment strategy. The medium-term loans finance organic growth, acquisitions, and other corporate initiatives where the businesses have been under-served by traditional banking channels. The loans are secured, across diverse industry sectors, and in many cases involve bespoke financing solutions to meet the borrowers’ requirements spanning multiple jurisdictions. It does not invest in distressed assets.
This content was prepared by Media OutReach. The opinions expressed in this article are the author's own and do not reflect the view of Siam News Network.
From 10 – 11 October, Prime members can enjoy exclusive savings on top brands such as De’Longhi, Sukin, LEGO, and Skin Inc
SINGAPORE – Media OutReach – 9 October 2023 – (NASDAQ: AMZN) – Amazon is set to roll out its first-ever Prime Big Deal Days in Singapore, starting from 10 to 11 October, by unveiling a suite of its biggest deals today. The 48-hour sales event will include incredible savings from a wide range of products and popular brands such as De’Longhi, Sukin, LEGO, Skin Inc, Hasbro and Bose allowing Prime members access to early holiday shopping deals this season only at https://www.amazon.sg/primebigdealdays.
For the very first time, Amazon Singapore has partnered with Mondrian Singapore Duxton to offer Prime members an exclusive “Amazon Big Deal Suite” Staycation Experience at the hotel, marking a special celebration of the inaugural Prime Big Deal Days in Singapore. The staycation will take place in Mondrian Singapore Duxton’s Shophouse Suite, where the room will be specially decorated with items available on Amazon.sg, promising an immersive and unique staycation experience. A limited number of rooms are available on a first-come, first-served basis. Prime members can stay updated by following Amazon Singapore’s Instagram account at https://www.instagram.com/amazon.sg.
Biggest deals available this Prime Big Deal Days Prime members can anticipate an exciting lineup of the biggest deals from Prime Big Deal Days, featuring exciting offers from Amazon.sg, Amazon Fresh and International Store. Here’s a sneak peek at some of the top deals:
Toys & Books
Save up to 70% off selected books including best-sellers, new releases, children’s books and more
Save up to 70% off international toys, with additional S$20 off min spend of S$100 on brands such as such as Pokemon and Melissa & Doug
Save up to 70% off selected toys, with additional S$20 off min spend of S$100 on brands such as Learning Resources, MARVEL, Catan and Rainbow High
Save up to 59% off selected toys from PicassoTiles
Save up to 50% off selected books related to movies and tv series
Save up to 40% off new launches on toys, with additional S$20 off min spend of S$100 on brands such as LEGO, Monopoly, Barbie, Hot Wheels and more
Save up to 30% off selected books related to movies and tv series
Save up to 30% off selected books from Doppelhouse Press, Penguin Books, Vintage, DC Comis, Dark Horse Books and Pantheon Books on Amazon US
Save up to 30% off selected toys from Marvel, Digimon, DC Comics on Amazon US
Home & Kitchen
Save up to 70% off selected items from Epitex
Save up to 50% off selected home and kitchen items including home and kitchen essentials, cookware, table ware, home décor, storage and organisation, and more
Save up to 50% off selected cookware from brands including Tefal, All Clad, and more
Save up to 50% off selected items from Philips Lighting and Philips Hue Smart Lights
Save up to 50% off selected bottle and flasks from brands including HydroFlask, Thermos, and more
Save up to 50% off selected items and get an additional S$4 off from Muji
Save up to 35% off selected coffee machines from brands including Nespresso, De’Longhi, and more
Save up to 35% off selected garment care items from brands including Tefal, Philips, Panasonic, and more
Save up to 35% off selected vacuum cleaners from brands including Tineco, Dibea, Shark, and more
Save up to 35% off selected cooking appliances from brands including Kenwood, Philips, Tefal, Ninja, and more
Save up to 35% off selected home environment items from brands including Philips, Mayer, KDK, and more
PC & Electronics
Save up to 70% off selected mobile accessories from Spigen
Save up to 54% off selected items from Anker
Save up to 50% off selected speakers and sound bars from brands including Sennheiser, JBL, Sony, and more
Save up to 50% off selected headphones from Sony, Sennheiser, Jabra and more
Save up to 50% off selected items from Bose
Save up to 50% off selected chargers and cables from UGREEN
Save up to 40% off selected Playstation games from Sony
Save up to 38% off selected tech accessories from ProCase
Save up to 35% off selected smartwatches and trackers from brands including Fitbit, Garmin, and more
Save up to 35% off selected items from Logitech
Save up to 30% off selected items from LENCENT
Save up to 30% off selected items from Beelink Mini PC
Save up to 30% off selected Google products
Save up to 30% off selected wireless earbuds and watches from SoundPEATS
Save up to 29% off selected items from SK Hynix SSD
Beauty, Health & Personal Care
Save up to 50% off selected items and get an additional 5% off on min spend of S$150 or 10% off on min spend of S$250 from FOREO
Save up to 50% off selected items and get an additional 8% off on min spend of S$220 from Skin Inc
Save up to 50% off selected items from Sukin
Save up to 40% off selected items from Renpho
Save up to 30% off selected items from CeraVe and L’OCCITANE on Amazon US
Save up to 30% off selected items and get an additional S$10 off on min spend of S$80 from L’Oreal
Save up to 20% off selected items and get an additional S$4 off with min spend of S$50 or S$8 off on min spend of S$100 from Bioderma
Save up to 15% off selected items and get an additional S$20 off on a min spend of S$120 from J&J
Buy 3 get 30% off selected items from Cetaphil
Grocery
Buy 4 and get 20% off selected items from Groceries, Baby products & more from Amazon Fresh
Buy 4 and get 25% off selected items from Enfagrow
Buy 3 and get 20% off selected items from Colgate, Softlan, Ajax, and more
Save up to 35% off and buy 4 get 20% off from brands including Cadbury, Oreo, Marigold, Ritz, and more
Save up to 30% off selected carton deals
Save up to 30% off and buy 4 get 20% off from brands including Harvest Box, Nature’s Bakery, Minor Figures, and more
Save up to 30% off, Buy 4 get 20% off from brands including Kettle Chips, Coca-Cola, Lavazza, , San Pellegrino water and more
Get S$10 off with a min spend of S$50 on selected items from brands including Dettol, Finish, Thirsty Hippo, Harpic, and more
Get S$10 off with a min spend of S$70 on selected items from brands including Kleenex, Milo, Scott, Nescafe, and more
Get S$10 off with a min spend of S$100 on selected items from brands including Nestle NAN, Gerber, Cerelac, and more
Beer, Wine & Spirits
Save up to 30% off and buy 4 get 20% off from brands including Tiger Beer, Ruffino, Robert Mondavi, and more
Save up to 25% off and buy 4 get 20% off selected items from Frontera, Casillero Del Diablo and Marques De Casa Concha
Save up to 20% off selected items from brands including Grey Goose, Bacardi, Dewar’s and more
Save up to 15% off selected items and buy 4 get extra 15% off selected items from brands including Carlsberg, 1664, Asahi, and more
Save up to 15% off selected items and buy 4 get extra 20% off selected items from brands including Bacardi, Grey Goose, and more
Buy 4 get 20% off Penfolds, Pepperjack, Wynns and more
More ways to shop this Prime Big Deal Days
With deals dropping throughout the event across a wide selection of products with fast and convenient delivery options, Prime members can enjoy exclusive access to early holiday deals during Prime Big Deal Days. Not a Prime member yet? Anyone can join Prime or start a 30-day free trial at Amazon.sg/prime to participate in Prime Big Deal Days.
Amazon Vouchers: Discover more ways to save with Amazon Vouchers. Find discounts on everyday essentials, as well as gifts, electronics, beauty, toys, and more. Simply clip the voucher and the discount will be applied at checkout. Visit Amazon.sg/vouchers for information.
Amazon.sg Gift Cards: Amazon.sg Gift Cards offer an easy, simple, and convenient gifting experience, providing access to an extensive selection of products on Amazon.sg at Amazon.sg/giftcard.
Promotions: Enjoy greater savings when shopping on Amazon.sg. From 10 October, visit amazon.sg/bankpromotions for more information.
Bank promotions
Citibank MasterCardcardholders can get S$15 off S$160 or more when they spend on Amazon.sg.
DBS cardholders can get S$12 off S$120 or more when they spend on Amazon.sg.
UOB cardholders can get S$12 off S$120 or more when they spend on Amazon.sg.
Looking for more payment promotions? Get 1% off your purchase when you use PayNow, with no minimum spend from 18 September.
Buy Now, Pay Later with Grab and Atome onAmazon.sg
Get S$15 off S$150 min spend with PayLater by Grab
Get S$10 off S$150 min spend with Atome
*Terms and conditions apply to all promotions listed above.
Get Ready for the Big Day Learn how to best prepare for Prime Big Deal Days to maximise your savings.
Join Prime: New customers can enjoy a 30-day free trial when they register for Prime membership. For S$2.99 a month, Prime membership includes unlimited access to award-winning movies and TV episodes with Prime Video, unlimited access to video game benefits with Prime Gaming, access to epic deals on Prime Day, free delivery on selected delivery windows for orders of S$150 and above on Amazon Fresh, free 2-hour scheduled delivery for orders of S$60 and above on Watsons and Little Farms on Amazon.sg, and more.
Set up personalised deal alerts: Prime members can subscribe to receive deal alert notifications related to their recent Amazon searches and recently viewed items. All they have to do is visit the Prime Big Deal Days event page on the Amazon app between now and Prime Big Deal Days to create deal alerts. Once Prime Big Deal Days arrives, members will receive push notifications on any available deals.
Access Prime Big Deal Days Globally Prime Big Deal Days will kick off in 19 countries around the world on October 10, including Australia, Austria, Belgium, Brazil, Canada, China, France, Germany, Italy, Luxembourg, the Netherlands, Poland, Portugal, Singapore, Spain, Sweden, the U.S., and the UK. Prime members in Japan can shop the Prime Big Deal Days event later in the month.
Every Day Made Better with Amazon Prime Amazon Prime was designed to make your life better every single day. Over 200 million paid members around the world enjoy the many benefits of Prime, including the best of shopping and entertainment. In Singapore, Prime membership includes unlimited access to award-winning movies and TV episodes with Prime Video, unlimited access to video game benefits with Prime Gaming, Prime Day, and more. Prime was built on the foundation of unlimited fast, free shipping. Prime members enjoy access to free one-day delivery on domestic Prime eligible selection on Amazon.sg, free delivery on selected delivery windows for orders of S$150 and above on Amazon Fresh, free 2-hour scheduled delivery for orders of S$60 and above on Watsons and Little Farms on Amazon.sg, as well as early access to deals and exclusive deals. Prime is S$2.99 per month. Start a 30-day free trial of Prime at Amazon.sg/prime.
The issuer is solely responsible for the content of this announcement.
Amazon Singapore
About Amazon Amazon is guided by four principles: customer obsession rather than competitor focus, passion for invention, commitment to operational excellence, and long-term thinking. Customer reviews, personalized recommendations, Prime, Fulfillment by Amazon, AWS, and Kindle are some of the products and services pioneered by Amazon. For more information, visit Amazon.sg.
This content was prepared by Media OutReach. The opinions expressed in this article are the author's own and do not reflect the view of Siam News Network.
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