Home Blog Page 2050

Brawijaya University develops GAD65 Rapid Test Diabetes Screening Kit

Marie Jones
-
0

Brawijaya University (UB) in Malang, East Java has developed an initial screening kit for diabetes. The Bioscience Rapid Test GAD65, developed by aresearch team led by Prof. Dr. Aulanni’am, drh, DES, is ready for commercialization and use in early screening for Type I Diabetes Mellitus, before measures and treatment are determined.

The reverse-flow immunochromatography-based detection kit identifies the presence of autoantibodies against GAD65, which indicate damage to beta-pancreatic cells, a marker for Type 1 Diabetes Mellitus and Latent Autoimmune Diabetes in Adults (LADA).

Diabetes is a global health threat which can lead to complications that impact the quality of human life as well as substantially add to health costs for families and countries. Its increasing prevalence has raised concerns globally and prompted prevention efforts. Detecting and managing the condition through appropriate therapy is crucial for preventing deterioration in the condition of people suffering from the metabolic disease.

The Bioscience Rapid Test GAD65 is among the downstream products developed as part of the cooperation between Brawijaya University and state-owned pharmaceutical company PT Bio Farma (Persero). The preparation and production of the kit has involved various levels of research and testing, based on the consensus and regulations set by the World Health Organization (WHO) and the Indonesian Health Ministry.

The screening kit, which has a medical device distribution permit and meets the certification requirements for good medical device manufacturing from the Indonesian Ministry of Health, is ready to be produced and widely distributed and has been introduced to potential consumers in Spain, Taiwan, Japan, Saudi Arabia, Jordan, Madagascar, the Philippines, and Malaysia.

As part of the collaboration for the downstreaming process of the kit, Brawijaya University has been designated as the producer and PT Bio Farma as the main distributor of the patented product (ID. 0.022.556 B, 2009-Granted and P00201910578, 2019-Registered).

For further information, please contact:
Prof Dr. Aulanni’am, drh., DES
+62 812-3317-600
Public Relations,
Universitas Brawijaya
www.ub.ac.id
www.prasetya.ub.ac.id

Post Bank launches JCB merchant acquiring operations

Marie Jones
-
0

Moscow & Tokyo, Nov 25, 2020 – JSC Post Bank, a universal retail bank established by VTB Group and Russian Post, has launched JCB merchant acquiring operations. JCB cardholders now have the opportunity to withdraw cash from all ATMs of the bank (over 4,800 ATMs), as well as to pay for goods and services using Post Bank’s POS terminals (over 55,000) located in the offices of the Russian Post.[1]

“Post Bank is actively developing cooperation with payment systems to provide convenient payment services and tools. Thanks to the partnership with JCB, more cardholders will now be able to use our ATMs and POS-terminals,” said Elena Mokhnacheva, Member of the Board, COO of Post Bank.

“Post Bank’s ATMs and POS terminals are installed in almost all post offices throughout Russia, which is very convenient for both bank customers and JCB cardholders. We are glad that Post Bank, one of the largest universal banks in Russia, started accepting JCB cards. We are committed to providing comfortable service possible for our cardholders. Our cooperation with Post Bank is a new step forward in achieving our goals,” commented Takashi Suetsugu, General Director of JCB International (Eurasia) LLC.

The project was implemented with the technological support of MultiCarta, a processing company that carried out software updates, testing and coordination of work with the payment system.

[1] As of November 2020.

About JCB

JCB is a major global payment brand and a leading credit card issuer and acquirer in Japan. JCB launched its card business in Japan in 1961 and began expanding worldwide in 1981. Its acceptance network includes over 34 million merchants in the world. JCB cards are now issued in 24 countries and territories, with more than 140 million cardmembers.

As part of its international growth strategy, JCB has formed alliances with hundreds of leading banks and financial institutions globally to increase merchant coverage and cardmember base. As a comprehensive payment solution provider, JCB commits to providing responsive and high-quality service and products to all customers worldwide. For more information, please visit: www.global.jcb/en/

About Post Bank

Post Bank is a universal retail bank established by VTB Group and Russian Post in 2016. VTB Bank and Russian Post each own 49.999993% of the bank’s shares, two more shares are held by D.V. Rudenko. The Bank is developing a regional network based on Russian Post branches. According to the results of the first half of 2020, more than 19 thousand bank service points were opened in 83 regions of the Russian Federation, and the client base reached 14.6 million people.

In post offices, the bank is presented in the format of sales windows with a bank employee or an employee of the Russian Post. Post Bank operates without cash centers, all operations are performed by customers using ATMs with a closed cash flow function. Post Bank is the only bank in Russia whose ATM network (more than 4,800 machines) consists entirely of such devices. The bank’s website is http://www.pochtabank.ru/.

Contacts
JCB
Kumiko Kida, Ayaka Nakajima
Corporate Communications
Tel: +81-3-5778-8353
Email: jcb-pr@jcb.co.jp

Trintech Announces the Expansion of Its Executive Team with the Addition of a Chief Human Resources Officer

Marie Jones
-
0

Felicia Taylor to oversee global HR function as Trintech continues to expand and add talent worldwide

Trintech, a leading global provider of integrated Record to Report software solutions for the Office of Finance, today announced the appointment of Felicia Taylor as Chief Human Resources Officer (CHRO) of Trintech. With a focus on our employees, Taylor will help Trintech continue to build an engaged, inclusive, and high-performing culture. She will lead all aspects of human resources, including talent acquisition, talent development and learning, business partnerships, organizational development and effectiveness, compensation and benefits, diversity, inclusion and belonging, and operations and systems.

“Businesses don’t create value; people do. Our employees are the heart of our business, which is why I am thrilled to announce the addition of a CHRO focused on continuing to provide our employees with a great place to work and ways to grow and develop their careers,” said Teresa Mackintosh, Chief Executive Officer of Trintech. “Felicia’s strong track record and rich experience in talent development and change management across international teams will help us to ensure we continue to build an agile culture of inclusivity and personal growth for all while attracting the talent of tomorrow to meet the evolving needs of our customers in this digital world.”

Taylor joins the Trintech team with more than 20 years of experience holding global HR leadership roles spanning industries such as technology, multi-unit retail, and advertising. She is a creative and innovative global human resources executive with experience in developing human capital solutions to help businesses scale and transform. Her broad experience includes culture cultivation & design, change management, HR strategy, employee experience & engagement, M&A, total rewards, compensation strategies, and talent acquisition & retention. Prior to joining Trintech, Taylor was the Multifamily Division HR Vice President for RealPage (NASDAQ: RP). She also served as the Chief Vibe Officer and Head of Human Resources for VARI (formerly VARIDESK). Taylor earned her bachelor’s degree in Human Resources Management and holds her SPHR and PHR-CA certifications.

“I am very excited to be joining Trintech as CHRO to continue building upon the strong foundation of practices Trintech already has in place today,” said Felicia Taylor, Chief Human Resources Officer of Trintech. “It is evident to me that the Executive Leadership Team prioritizes a customer and people-centric culture and passion for innovation, and I look forward to partnering with the team to develop a progressive and aligned global HR strategy to support an environment where talent and culture continue to be a foundational and driving factor in the success of Trintech.”

Trintech has been named One of Dallas/Fort Worth’s Best and Brightest Companies to Work For® by the National Association for Business Resources for the past 4 years in a row.

About Trintech
Trintech Inc., a pioneer of Financial Corporate Performance Management (FCPM) software, combines unmatched technical and financial expertise to create innovative, cloud-based software solutions that deliver world-class financial operations and insights. From high volume transaction matching and streamlining daily operational reconciliations to automating and managing balance sheet reconciliations, intercompany accounting, journal entries, disclosure and fiduciary reporting, and bank fee analysis, to governance, risk and compliance – Trintech’s portfolio of financial solutions, including Cadency® Platform, Adra® Suite, and targeted tools, ReconNET™, T-Recs®, and UPCS®, help manage all aspects of the financial close process. Over 3,500 clients worldwide – including the majority of the Fortune 100 – rely on the company’s cloud-based software to continuously improve the efficiency, reliability, and strategic insights of their financial operations.

Headquartered in Dallas, Texas, Trintech has offices located across the United States, United Kingdom, Australia, Singapore, France, Ireland, the Netherlands, and the Nordics, as well as strategic partners in South Africa, Latin America, and Asia Pacific. To learn more about Trintech, visit www.trintech.com, or connect with us on LinkedIn, Facebook, and Twitter.

Media Contact:
Kristina Pereira Tully
Vested
650-464-0080
trintech@fullyvested.com

SOURCE: Trintech, Inc.T

Blockpass Supports Permissionless DeFi Protocol UniLend Fundraiser with KYC & AML Screening

Marie Jones
-
0

Blockpass today announced a successful working partnership with UniLend, the decentralised finance (DeFi) platform. UniLend recently conducted a successful fundraiser, with Blockpass providing the requisite KYC and AML provision in order to meet regulatory compliance. By handling the compliance measures, the UniLend team were able to focus their efforts on the actual fundraising process.


UniLend is a permissionless decentralized protocol that combines spot trading services and money markets with lending and services through smart contracts. The integrated smart contract for both features of the protocol allows both trading & DeFi capabilities to co-exist within the same protocol, solving the liquidity and liquidation issue which has been limiting the growth of DeFi adoption to a broader market.

Blockpass is a digital identity verification provider which provides a one-click compliance gateway to financial services and other regulated industries. From the Blockpass Mobile App, users can create, store, and manage a data-secure digital identity that can be used for an entire ecosystem of services, token purchases and access to regulated industry. For businesses and merchants, Blockpass is a comprehensive KYC & AML SaaS that requires no integration and no setup cost. You can set up a service in minutes, test the service for free and start verifying and on-boarding users.

“We are seeing a huge rise in DeFi applications as more and more people begin to realise the amazing potential it holds,” said Adam Vaziri, Blockpass CEO. “It is a real pleasure to be working with UniLend as they facilitate the growth and development of DeFi and support its move towards mainstream markets. It has been a great test of our KYC and AML provision and we look forward to continuing working closely with them in the future.”

“Working with Blockpass we KYC verified 1,000 people in a 48 hour period. They took care of everything so we could concentrate on our fundraise. Their team were fully committed to our success and it was a pleasure to work with them,” said UniLend Co-Founder and CEO, Chandresh Aharwar. “They covered everything we needed with instant KYC/AML checks and a dashboard where we could review the data. What is best is the no set up time we needed to add Blockpass – just create an account and get going. Can’t recommend their service enough.”

Blockpass has grown significantly in size and use since its inception, both in the number and range of companies it has partnered with, and the scope of its work. Blockpass continues to develop its digital identity protocol with updates and additions to improve the compliance experience. Blockpass has seen rapidly increasing numbers of users in the past year as its identity verification solution is used for ICOs, STOs and IEOs, including supporting a number of successful fundraisers in the past few months.

With a current 90%+ discount on its services, a fact made possible due to the unique reusable nature of its verification method and put in place to help as many people as possible access KYC in the current pandemic, there has never been a better time to explore the potential of Blockpass. The Blockpass App is available from the App Store and Google Play.

About Blockpass
Blockpass is a fast, fully comprehensive KYC & AML screening software-as-a-service for Crypto, Defi and other regulated industries. With Blockpass, you get an unmatched set of benefits for any compliance service that includes pay-as-you-go, no setup cost, no integration necessary, free testing, immediate launch and at the lowest cost. Blockpass’ KYC Connect(TM) platform enables businesses to select requirements for customer onboarding that can include ID authentication, face-matching, address checking, AML ongoing monitoring and/or screening of sanctions lists, politically exposed persons (PEP), and adverse media. Through Blockpass, end-users easily create a verified portable identity that they can control and re-use to onboard with any service instantly.

For more information and updates, please visit and sign up to the following:
Promotional video: https://youtu.be/SvO2cw3e-SI
Website: http://www.blockpass.org
Email: sales@blockpass.org

About UniLend
UniLend is a permission-less DeFi protocol that combines spot trading services and lending/borrowing functionality within the same platform. While current DeFi protocols support only ~30 assets, anyone can list any ERC20 asset on UniLend for decentralized trading and lending/borrowing.

This leads to a huge demand for a protocol that supports a wide number of assets in a decentralized and permission-less way. UniLend is designed to address this untapped market and fuel the blockchain ecosystem by opening up the DeFi Space for all tokens.

Commodities Intelligence Centre to groom Global Commodity Champions on the back of RCEP

Marie Jones
-
0
Commodities Intelligence Centre to groom Global Commodity Champions on the back of RCEP

Commodities Intelligence Centre (CIC), a B2B e-trade platform for physical commodities, has announced plans to groom one Global Commodity Champion from each participating country of the Regional Comprehensive Economic Partnership (RCEP). Since the start of year, CIC has reported more than 20% increases in customers joining the platform compared to the same period last year, and a surge in online transactions with over 4,000 customers searching for trading opportunities on the platform. CIC has since achieved a gross merchandise volume of US$13.2 billion (S$17.7 billion), with over 5,200 registered users covering markets including Singapore, Malaysia, Indonesia, India and China, among other countries in Asia. CIC looks to develop more than ten Global Commodity Champions over the next three to five years, as it strives to uncover new trading opportunities and boost global trade facilitation on the back of RCEP.

Peter Yu, Chief Executive Officer of Commodities Intelligence Centre, shared, “The coronavirus has radically reshaped the global supply chain, exposing the fragility of the industry. We believe that CIC is well-placed to empower companies, especially SMEs, from RCEP member countries to uncover new market opportunities and identify reliable partners and suppliers, while building business resilience and extending the global reach of their supply chains during this difficult period.”

The RCEP is the world’s largest trade pact signed by 15 countries in the Asia-Pacific region. It aims to eliminate as much as 90 per cent of tariffs on imports between member countries over the next 20 years, and will improve market access for goods and services within the region. RCEP members comprise all 10 ASEAN members and key partners Australia, China, Japan, South Korea and New Zealand, accounting for 30 per cent of the world’s economy and one-third of its population.

“The work that CIC has been doing for the past two years resonates strongly with the recently launched Regional Comprehensive Economic Partnership – to help participating countries establish a mutually beneficial economic partnership that will facilitate the expansion of regional trade and investment and contribute to global economic development and growth.” added Peter.

Established in 2018 as a Joint Venture between Asia’s leading B2B e-commerce group ZALL Smart Commerce Group, Global eTrade Services (GeTS) and Singapore Exchange (SGX), CIC platform supports 10 different languages encompassing RCEP member countries, and provides integrated services that help SMEs reduce transaction costs, optimise the efficiency of their supply chains across cross-border trading, financing, logistics and to be regulatory compliant. CIC also provides access to unique commodity offerings of participating RCEP countries, such as clean and renewable energy.

Recently, CIC has also successfully facilitated large-scale renewable energy transactions between customers from Australian, India and South Korea, with the official signing set to take place during this year’s Global Digital Trade Conference 2020 and the 11th China Wuhan (Hankou North) Commodity Fair from November 28 to December 6.

About Commodities Intelligence Centre (CIC)

The Commodities Intelligence Centre (CIC) is a global trading platform for physical commodities including Ferrous & Non-Ferrous Metals, Chemicals & Plastics, Oil & Petroleum, and Agri Commodities. Officially launched in Singapore on 12 Oct 2018, CIC is a Joint Venture between China-based ZALL Smart Commerce Group, Global eTrade Services (GeTS) and Singapore Exchange (SGX) to build trade connectivity through digital marketplaces and to grow a vibrant trading ecosystem in Singapore.

CIC aims to revolutionize commodity trading and facilitate cross-border trade through deal matching, trade finance, supply chain logistics, track and trace and global trade compliance. Since its establishment in October 2018, CIC has achieved a GMV (Gross Merchandise Volume) of more than US$13.2 billion, with over 5,200 registered users covering markets including Singapore, Malaysia, Indonesia, India, China, among other countries in Asia.

For media enquiries
PRecious Communications for Commodities Intelligence Centre
Email: CIC@preciouscomms.com

AppsFlyer Exceeds $200 Million in ARR, Sets Sights on Shaping Future Marketing Tech Stack; Opens New Office in Australia

Marie Jones
-
0

AppsFlyer, the global attribution and marketing analytics leader, today announced Salesforce Ventures joined its roster of investors in a late stage extension of its $210 million series D round led by General Atlantic earlier this year, to continue its velocity through product innovation with consumer privacy at the forefront.

As shifting privacy policies and regulations transform the marketing landscape, AppsFlyer has been experiencing increased demand for its expanding suite of products, including holistic attribution, marketing analytics, fraud protection, incrementality measurement, and customer experiences and engagement tools, while connecting app developers to more than 8,000 partners via its marketplace.

The AppsFlyer platform is rapidly becoming a core component in the most advanced marketing tech stacks. Ecosystem shifts and digital transformation accelerated by COVID-19 have fueled the growth of AppsFlyer’s groundbreaking solutions to meet the needs of marketers and app developers. These include innovative, privacy-centric attribution solutions for iOS 14, in a post-IDFA world; App Clips analytics; a zero budget marketing plan for app developers; enabling the web campaign-to-app opportunity; and two brand new products: Xpend – a cost aggregation solution that extracts cost data from any source, and accurately calculates ROI across the entire marketing journey, and Incrementality – which helps brands test and prove incremental lift of their marketing campaigns.

The company also announced the launch of its new office in Sydney, focusing on servicing its customers and growing its business in the region of Australia and New Zealand. This latest launch will expand AppsFlyer’s global footprint to 19 international offices, an unprecedented feat in the middle of a pandemic.

AppsFlyer has secured more than $300 million in funding since 2011, and has seen tremendous growth since its $210 million series D round, announced earlier this year. The company has recently reached 1,000 employees globally, and now exceeds $200 million in annual recurring revenue (ARR). The company also plans to increase its global headcount significantly in 2021 to support the growing needs of its customers and provide them with the right tools to delight their end-users while adhering to privacy regulations. AppsFlyer has also increased the volume and reach of its corporate social responsibility program, AppsFlyer Cares, impacting dozens of communities and thousands of individuals worldwide.

“AppsFlyer has been the driving force in mobile marketing attribution and has demonstrated true, long-term commitment to represent the app developers within the ecosystem,” said Nowi Kallen, Principal at Salesforce Ventures. “Through a customer centric approach, 8,000-partner strong marketplace and privacy by design, AppsFlyer’s innovative technology enables marketers to delight their end-users with a great user experience, while protecting their privacy.”

“We’re incredibly excited to deepen our integration with Salesforce and Salesforce Ventures, as we take another step towards ensuring that marketers, app developers, and the entire ecosystem is armed with the best marketing tech stack for the challenges of tomorrow,” said Oren Kaniel, CEO and Co-Founder, AppsFlyer. “The secret sauce for our success over the last nine years has been prioritizing our customers and their end-users, putting them at the center of every decision we make. We’ve earned the unwavering trust and confidence of the market by enabling app developers to not only delight the end-user with a seamless user experience, but to also protect their data security and privacy.”

Speaking about how this development will impact the region, AppsFlyer’s APAC President and Managing Director, Ronen Mense, said: “The pandemic has aggressively driven a shift in how the global marketplace use technology, making the ever-innovative and always-resilient APAC one of the few winners from this year’s economic turbulence. The foundations of an inclusive, tech-enabled recovery is being solidly built here in our turf, and we are humbled that the majority of today’s best-performing Asian companies are using the AppsFlyer platform on a daily basis. This round enables us to empower Asian marketers with the tools needed to catapult their success and make accurate, better-informed, strategic decisions, as well as help drive innovation and foster confidence across the regional economy.”

AppsFlyer works with thousands of customers, including leading brands such as Macy’s, Minecraft, Nike, NBC Universal, Tencent, US Bank, Wayfair, and StitchFix. AppsFlyer’s marketplace of over 8,000 partners includes Facebook, Google, Apple Search Ads, Twitter, TikTok Ads, Pinterest, Snap, Salesforce, Adobe, and Oracle. AppsFlyer was recently named to the Forbes 2020 Cloud 100 list for the 2nd year in a row.

Existing investors include General Atlantic, Goldman Sachs Growth Equity, DTCP (Deutsche Telekom Capital Partners), Qumra Capital, Pitango Venture Capital, Magma Venture Partners, and Eight Roads Ventures.

About AppsFlyer

AppsFlyer, the global attribution and marketing analytics leader, empowers marketers to grow their business and innovate with a suite of comprehensive measurement solutions. Built around privacy by design, AppsFlyer takes a customer-centric approach to help 12,000+ brands and its marketplace of 8,000+ technology partners make better business decisions every day, while delighting their end-users. To learn more, visit www.appsflyer.com

About Salesforce Ventures

Salesforce is the global leader in Customer Relationship Management (CRM), bringing companies closer to their customers in the digital age. Salesforce Ventures, the global investment arm of Salesforce, invests in the next generation of enterprise technology that extends the power of the Salesforce Platform. Salesforce Ventures is building the world’s largest ecosystem of enterprise cloud companies and extending that technology to customers. Portfolio companies receive funding, strategic advisory, and operating support, and can easily join Pledge 1% to make giving back part of their business model. Salesforce Ventures has invested in more than 400 companies, including DocuSign, GoCardless, Guild Education, nCino, Snowflake, Twilio, Zoom, and others across 22 countries since 2009. For more information, please visit www.salesforce.com/ventures.

Media Contacts
PRecious Communications on behalf of AppsFlyer
appsflyer@preciouscomms.com
+65 6303 0567

Press Contact For AppsFlyer in APAC:
Nico Marco
nico.marco@appsflyer.com

Trintech Client ABB Named Winner in 13th Annual Ventana Research Digital Leadership Awards

Marie Jones
-
0

Implementation of Trintech’s Cadency solution lands firm in top slot of the Office of Finance category

Trintech, a leading global provider of integrated Record to Report software solutions for the office of finance, announced today that its customer, ABB, a leading global engineering company, has been named the winner in the “Office of Finance” category of the 13th annual Ventana Research Digital Leadership Awards. ABB’s win is attributed to its innovative use of Trintech’s Cadency solution, standardizing its Record to Report process and generating increased efficiency across its global team.

“Technology is essential but achieving the most from technology requires leadership to implement change,” notes Robert Kugel, Senior Vice President and Research Director at Ventana Research. “We gave ABB and Trintech our 2020 Digital Leadership award for having successfully tackled an ambitious close process digitization and standardization project in a decentralized worldwide organization.”

In its 13th year, the Ventana Research Digital Leadership Awards program showcases “the leadership and use of business applications or technology that contribute significantly to improved efficiency, productivity and the performance of their organization.” ABB partnered with Trintech and Capgemini to standardize the firm’s Record to Report process, with a focus on balance sheet reconciliation, month-end closing and manual journal entries. With Trintech’s Cadency solution, ABB realized greater efficiencies through streamlined policies designed to fit the needs of its specific compliance framework and more effectively manage live data to support its Record to Report process. Cadency has also provided ABB with scalability across the firm’s global operations, centralizing core financial processes.

“Cadency has been instrumental in driving harmonization across our complex, multi-ERP environment,” said Luca Condosta, Record to Report Group Finance Process Owner at ABB. “With the Cadency solution, we now have full visibility of our global closing and account reconciliation processes right at our fingertips.”

About Trintech
Trintech Inc., a pioneer of Financial Corporate Performance Management (FCPM) software, combines unmatched technical and financial expertise to create innovative, cloud-based software solutions that deliver world-class financial operations and insights. From high volume transaction matching and streamlining daily operational reconciliations, to automating and managing balance sheet reconciliations, intercompany accounting, journal entries, disclosure reporting and bank fee analysis, to governance, risk and compliance – Trintech’s portfolio of financial solutions, including Cadency(R) Platform, Adra(R) Suite, and targeted tools, ReconNET(TM), T-Recs(R), and UPCS(R), help manage all aspects of the financial close process. Over 3,500 clients worldwide – including the majority of the Fortune 100 – rely on the company’s cloud-based software to continuously improve the efficiency, reliability, and strategic insights of their financial operations.

Headquartered in Dallas, Texas, Trintech has offices located across the United States, United Kingdom, Australia, Singapore, France, Germany, Ireland, the Netherlands and the Nordics, as well as strategic partners in South Africa, Latin America and the Asia Pacific. To learn more about Trintech, visit www.trintech.com or connect with us on LinkedIn, Facebook and Twitter.

About ABB
ABB (ABBN: SIX Swiss Ex) is a leading global engineering company that energizes the transformation of society and industry to achieve a more productive, sustainable future. By connecting software to its electrification, robotics, automation and motion portfolio, ABB pushes the boundaries of technology to drive performance to new levels. With a history of excellence stretching back more than 130 years, ABB’s success is driven by 110,000 talented employees in over 100 countries. www.abb.com

Media Contact:
Kristina Pereira Tully
Vested
650-464-0080
trintech@fullyvested.com

SOURCE: Trintech, Inc.

West Java Investment Summit (WJIS 2020): Governor Ridwan Kamil Welcomes Investors Worldwide to Invest in West Java

Marie Jones
-
0
West Java Investment Summit (WJIS 2020): Governor Ridwan Kamil Welcomes Investors Worldwide to Invest in West Java

The 2020 West Java Investment Summit (WJIS 2020) was held in Bandung City this week, Nov 16 to 19, hosted by the West Java provincial government in collaboration with the Bank of Indonesia Representative Office in West Java. Through the WJIS 2020, West Java Governor Ridwan Kamil invited international investors from around the world to invest in the province of West Java, particularly through the Rebana Metropolitan project.

Rebana Metropolitan is the northern / northeastern area of West Java Province that includes the six districts of Sumedang, Majalengka, Cirebon, Subang, Indramayu, and Kuningan and the city of Cirebon. The Metropolitan area has a population of 9.28 million, or some 18.82% of the total 49.3-million populace of West Java as of 2019.

As many as 1,434 foreign and domestic investors participated in the one-on-one meeting session on Monday, in which 16 land projects were offered with a total investment value of US$2.8 billion (Rp 39.5 trillion). Governor Ridwan Kamil offered the advantages of investing in West Java for international investors.

First, West Java has quality infrastructure, and one of them is the Patimban Port, which, located in Subang district, will soon open in December 2020. “Besides, West Java is going to have the Jakarta-Bandung Fast Train that will be completed next year,” said Ridwan. Moreover, West Java also continues the development of several toll roads that will facilitate industrial and community access.

The other advantages of investing in West Java are its quality infrastructure and competitive human resources. With these two pros, quality infrastructure and competitive human resources, the governor ensures that West Java can compete with provinces in other countries, such as Thailand and Vietnam.

“West Java is one of the most competitive regions in Indonesia,” he stated. Ridwan emphasized that to strengthen the provinces competitiveness, the West Java local government remained committed to making improvements in four important fields: education, infrastructure, socio-political stability, and bureaucratic reform.

The governor also expressed optimism that West Java would become a globally competitive region to attract investment, especially with the existence of the Rebana Metropolitan area. “For the last three years, West Java has been the premier investment destination. This year, we are still ‘champs’ for investment realization, almost reaching IDR 90 trillion,” said Governor Ridwan.

West Java Province is currently still one of the main destinations for foreign and local investment. Up to the third week of November 2020, the province managed to record total inbound investment of more than IDR 380 trillion. That total consists of four categories, namely (1) Realized Investment (for the period of January to September 2020); (2) Preparation-stage Investment; (3) Commitment-stage Investment; and (4) Ready-to-offer Investment.

For Realized Investment, based on Investment Coordinating Board (BKPM) data for the January to September 2020 period, the West Java province ranks first in investment realization based on location with a value of IDR 86.3 trillion or 14.1 percent.

Noneng Komara Nengsih, West Java Investment Agency (DPMPTSP) Head, mentioned five sectors in the province that are favourable to investors: (1) construction; (2) transportation, warehouse and communication; (3) housing, industrial and office areas; (4) electricity, gas and water; (5) motor vehicles and other transportation equipment industries.

Preparation-stage Investment in West Java comes from 11 investors: (1) PT Hyundai Motor Manufacturing Indonesia; (2) PT Amazon Data Services Indonesia; (3) PT UPC Sukabumi Bayu Energi; (4) PT Kereta Cepat Indonesia China (KCIC); (5) PT Tanjung Jati Power Company; (6) PT Pertamina Power Indonesia dan PT Jawa Satu Power; (7) PT Premier Qualitas Indonesia dan Trisula Group; (8) Masdar Mubadala Company; (9) China Petroleum Corporation; (10) Frisian Flag Indonesia; and (11) PT Jasa Marga Japek Selatan.

For Commitment-stage Investment, as many as five MoUs and cooperation agreements among parties were signed, with an investment value of some IDR 4.10 trillion, or around USD 292.9 million. The signing ceremony was held on the first day, Monday Nov 16 at the Savoy Homann Hotel, Bandung City.

The parties in the Commitment-stage Investment were regionally owned, PT Bandarudara Internasional Jawa Barat (BIJB) and PT Jaswita Jabar, as well as PT Jasa Sarana, Aspen and Docta Proprietary Limited, PT Gobel Internasional, PT Sarana Multi Infrastruktur, and PT Indonesia Infrastructure Finance. These companies have committed to investment in infrastructure development, starting from hotels; meetings, incentives, conferencing, exhibitions (MICE) facilities; warehouses, energy, to hospitals.

Meanwhile, for the Ready-to-offer Investment, West Java has 16 investment projects, with a total value of IDR 39.5 trillion or around USD 2.802 billion, that are ready to be tendered. The 2020 WJIS is expected to enhance investment realization in West Java in the fourth quarter this year — before the end of 2020 — and trigger the province’s economic growth.

According to Bank Indonesia Representative Office in West Java, the Province had become a crucial contributor to Indonesia’s economic growth since 2015. West Java is one of the three most competitive provinces in Indonesia in 2020, supported by three driving factors: foreign direct investment (FDI), quality infrastructure, as well as competitive and reliable human resources.

In the last three years, on an average, West Java’s economy grew by 5.4 percent, higher than Indonesia’s economic growth averaging 5.1 percent. The province’s strong economic growth was driven by the manufacturing industry and household consumption.

Furthermore, investment has played a vital role in contributing to economic growth of West Java. Hence, in a bid to facilitate economic recovery, it is necessary to formulate a well-planned and comprehensive strategy to encourage investment inflow that could function as a driver for national economic recovery.

Bank Indonesia (BI) Governor Perry Warjiyo stated at the WJIS that regional investment is one of the keys to driving the national economic recovery. Bank Indonesia (BI) West Java Office Head Herawanto said that Bank Indonesia in collaboration with West Java provincial government had taken strides to accelerate infrastructure development in various sectors, from transportation and renewable energy, to water management and urban infrastructure.

The West Java provincial government is also offering an alternative scheme for partnership and investment by involving the private sector in financing infrastructure development.

Luke Mackinnon, Infrastructure Country Manager at Amazon Web Services, said that Indonesia represented a great opportunity as an investment destination, with its growing economy. “This (growing economy) is also beneficial for Amazon Web Services, especially in terms of expanding investment opportunities in Indonesia. We do envision huge investment growth and we can’t wait to add resources and infrastructure to serve consumers.”

Lee Kang Hyun, Vice President of Hyundai Motor Asia Pacific, said that the company has the full support of the Indonesian central government and the West Java provincial government in running its business. “As investors, we certainly choose West Java because we can get full support here and the province has quality infrastructure,” said Lee.

“Hyundai Motor has been building a factory in Cikarang. Despite the pandemic, with the full support of the governor and the minister, the factory development has reached 65 percent. Based on the plan, the factory can start local production in Indonesia by the end of 2021, and in 2022, it will produce Indonesia’s electric cars which will be sold locally,” he added.

The 2020 WJIS was held from Monday, Nov 16 to Thursday, Nov 19. The main agenda included launching the Rebana Metropolitan project, MoU Signing and Project Announcements, High Level Sessions, Market Sounding & One-on-One Meetings, Investment Talkshows, a Trade and Tourism Webinar, groundbreaking for Subang Smartpolitan development, and site visit to Rebana Metropolitan area.

Bank BJB fully supports the Rebana Metropolitan development. The West Java regional development bank has offered full support to the provincial government in establishing and developing the Rebana Metropolitan area. “Bank BJB acts as a driving agent that supports the development of new economic area, as initiated by the West Java Provincial Government. The Rebana Metropolitan project is a long-term strategic plan that requires support from various parties, including investors and banks,” said President Director of Bank BJB Yuddy Renaldi.

Renaldi stated that Bank BJB in cooperation with West Java’s two other regional-owned enterprises, PT Bandarudara Internasional Jawa Barat (BIJB) and Jaswita Jabar, will support the development of tourism and transportation infrastructure in the Rebana Metropolitan area.

The three inked a cooperation agreement to build three-star and five-star hotels in the Kertajati International Airport area in Majalengka, West Java. Facilities for meetings, incentives, conferences and exhibitions (MICE) will also be built in the airport area to accelerate development integration that supports economic activities.

The Rebana Metropolitan project is in line with the direction of Bank BJB’s plan to create new economic areas that can improve the welfare of local communities. “Bank BJB will also expand its collaboration network with various stakeholders so that it can contribute more optimally in executing the project plan,” said Renaldi.

The Rebana Metropolitan area is currently equipped with infrastructure facilities, including the Cikopo-Palimanan (Cipali) and Palimanan-Kanci (Palikanci) toll roads; the Cikampek-Cirebon railroad; Balongan, Cirebon, and Patimban (Phase I) Ports; West Java’s Kertajati International Airport; and the Subang, Indramayu, and Cirebon bus stations.

Bank BJB will also provide financing for the Cileunyi-Sumedang-Dawuan (Cisumdawu) toll road project in support of efforts to improve connectivity in West Java. Bank BJB’s involvement will not only support the infrastructure projects, it will also help prepare local communities to take advantage of opportunities for economic projects in the province.

Contact person:
Lia Endiani
Team communication Ridwan Kamil
Email: lia.endiani@gmail.com

BrewBilt Closes $550k in New Orders Just This Week with Oakland Based Brewery Along with $1.2M in Quotes to Restaurants

Marie Jones
-
0
BrewBilt Closes $550k in New Orders Just This Week with Oakland Based Brewery Along with $1.2M in Quotes to Restaurants

Today BrewBilt Manufacturing Inc. (the “Company”) (OTCPINK: BBRW), announced that the company received $550,000 in new orders this week, while it filed its Form-10Q ending September 30, 2020 with approximately $1M in sales, up from $500,000 in 2019 for the same period; with more than $700,000 net profit up from $100,000 in 2019. The company is showing gains of 5X, while reducing liabilities in the amount of $100,000 compared to 2019.

Jef Lewis, CEO, stated, “With the projected $20M in brewery revenue for 2021, BrewBilt received several orders this week, including SGIC’s order of $45,000 for the new consumer 2BBL home brewery which will debut in 2021 in our advertising campaign, and a commercial order from Ghost Town Brewer in Oakland, California for $500,000, inclusive of our new fully automated brewery consisting of 30 BBL. Ghost Town will also receive our newest accessory Mobile Flow Meter which allows the user to monitor the volume of liquid being transferred from vessel to vessel. The new flow meter is a first in the industry and will sell for $7,500.”

The company launched a new advertising campaign this quarter with multiple major trade media, inclusive of Food & Beverage and Pizza Today print and digital media. The first ads were released in October and as a result the company received $1.2M in quotes from restaurants that want to brew beer to increase their net profits and offer their own brand. “Quotes turn into real purchase orders which result in more revenue. This is part of a multifaceted strategy to build revenues in the USA, Europe and Asia. Currently with $3M in orders, and $15M in quotes from customers waiting for COVID to pass, realizes our projected 2021 revenue of $20M.” Stated Jef Lewis, CEO.

Watch Video Success Stories:
https://www.brewbilt.com/success-stories
https://www.youtube.com/watch?reload=9&v=eAtMrDj7PYA&feature=youtu.be

ABOUT BREWBILT: (www.brewbilt.com)
Located in the Sierra Foothills of Northern California, BrewBilt is one of the only California companies that custom designs, hand crafts, and integrates processing, fermentation and distillation processing systems for the craft beer, cannabis and hemp industries using “Best in Class” American made components integrated with stainless steel processing vessels using only American made steel. Founded in 2014, the company began in a backyard shop by Jef Lewis with a vision of creating a profitable company in “Rural America”. BrewBilt has built a solid foundation by having strong relationships with local suppliers of raw materials, equipment and services in California, an aggressive referral network of satisfied customers nationwide, and an Advisory Board consisting of successful business leaders that provide valuable product feedback and business expertise to management. The craft brewing & spirits industries continue to grow worldwide. California is where craft brewing began and now has over 900 operating breweries – being centrally located in this booming market was a large draw for BrewBilt to locate its manufacturing facility in the Sierra foothills. All BrewBilt products are designed and fabricated as “food grade” quality which enables the company to build vessels for food & beverage processing. More important, the company has been building systems that are pharmaceutical grade for clients involved in distillation for the cannabis and hemp industries over the past 36 months, thus making the revenue potential much greater.

FORWARD-LOOKING STATEMENTS
This document contains forward-looking statements. Forward-looking statements provide current expectations or forecasts of future events and are not guarantees of future performance, nor should they be relied upon as representing management’s views as of any subsequent date. The forward-looking statements are based on management’s expectations and are subject to a number of risks and uncertainties. Although management believes that the expectations reflected in such forward-looking statements are reasonable, actual results may differ materially from those expressed or implied in such statements. Risks and uncertainties that could cause actual results to differ materially include, without limitation, the Corporation’s ability to effectively execute its business plans; changes in general economic and financial market conditions; changes in interest rates; changes in the competitive environment; continuing consolidation in the financial services industry; new litigation or changes in existing litigation; losses, customer bankruptcy, claims and assessments; changes in banking regulations or other regulatory or legislative requirements affecting the Corporation’s business; and changes in accounting policies or procedures as may be required by the Financial Accounting Standards Board or other regulatory agencies. Management may elect to update forward-looking statements at some future point; however, it specifically disclaims any obligation to do so.

Contact:
Jef Lewis, Chairman and CEO
BrewBilt Manufacturing Inc. – BBRW
Call or Text: 530-802-5023
Info@BrewBilt.com

AVIA closes the year on a high note with its biggest turnout yet for the Asia Video Summit

Marie Jones
-
0

This year’s summit was attended by over 1000 delegates globally and featured the industry’s first hybrid event with live gatherings in both Hong Kong and Singapore.

The Asia Video Industry Association (AVIA) held its annual state of the industry event, the Asia Video Summit (the Summit), which was supported by Create Hong Kong of the Government of the Hong Kong Special Administrative Region as the Lead Sponsor, on 10 to 12 November 2020 with resounding success as over 1000 delegates from the Asian video industry gathered for the Summit. With most sessions live and broadcast from the studio to a backdrop of Hong Kong or Singapore, the Summit was produced to a very high standard and caps what has been a successful series of virtual events and webinars for AVIA.

AVIA was honoured to have Mr. Edward Yau, GBS, JP, Secretary for Commerce and Economic Development of the Government of the Hong Kong Special Administrative Region officiated at the Opening Session of the Summit by delivering a speech video-telephonically on the first day of the Summit.

The Summit opened with a macro-economic update from S&P Global Ratings’ Managing Director and Chief Economist, Shaun Roache, who remained upbeat about the economy and how the potential of an early vaccine for COVID-19 could bring recovery forward, with less permanent damage. The way people consume goods and services would also change fundamentally and would be the key thing to watch over the next 1 to 2 years. However, it would take time for economic activity to resurrect, “A dimmer switch rather than a flick of the switch”, commented Shaun.

This fundamental shift is also seen in consumer viewing habits, as the myriad of ways to access content and the development of technology has also revolutionized how consumers view TV and video today, shared Annette Kunst, Regional MD, Southeast Asia and New Zealand, Nielsen Media, during her session on The Fortunes of Free TV. As more broadcasters embrace change and adapt the models of streaming, the old adage of “Content is King” continues to ring true, as content is what drives people to platforms. With local content being the key connectors to audiences and driving viewership in SEA, collaboration too becomes key between content providers and producers. And in the pay TV world, this collaboration extends to streamers and partners as well. However, the tone of optimism remains across both free and pay TV, with our panel of industry leaders agreeing that both platforms still have a role to play despite an increasingly fragmented and diversified media landscape.

While content remains king, the title for queen is much contested, as our various panelists had differing views. With Parminder Singh, Chief Commercial and Digital Officer, Mediacorp, distribution is the queen, while according to Ivy Wong, CEO of VS Media “the community is the Queen”. Her
experience with local creators showed the importance of not only building content but also the community around it. This sentiment was also shared by Agnes Rozario, Director of Content, Astro, on her panel on Content Cravings. Agnes reiterated the need to produce content that is relevant and close to the hearts of their viewers through data mining and analytics, to inform decision making on the content piece and to put consumers first in order to engage them.

Data is also the big focus in the world of Premium Advertising. Mitch Waters, SVP of South-East Asia, Australia and New Zealand, The Trade Desk, shared the need to showcase the true scale of consumption, and to have transparent access to data and information, which requires a lot of trust, collaboration and partnership from both the buy and sell sides, to get to programmatic faster.

However, questions remain about Cross Media Measurement and if it will ever happen. Added Nick Burfitt, MD, Asia, Kantar Media, “Audience measurement is now a team sport”, with the issues being both technical and commercial. Anthony Dobson, VP, Media Partners Asia & MD, AMPD Research, commented on his panel, “We have found the holy grail but the goblet is broken, all the innovation and technology is available, it’s missing the will and investment to make it happen.”

Despite all the innovation, technology and data at hand though, Tom Keaveny, Chief Innovation & Information Officer, beIN Media Group, summed it up best at his closing panel, “It’s not old media or new media… it needs to be all media. Great content… will always find its value and the ones who can curate it, treat it, market it and price it the best, will be the ultimate winners.”

AVIA would like to thank the Asia Video Summit 2020’s Lead Sponsor Create Hong Kong of the Government of the Hong Kong Special Administrative Region for the Community Outreach Programme which provided free passes for local SMEs in the video industry and tertiary students of relevant programmes to participate in the Summit and workshops; Gold Sponsors Baker McKenzie, Brightcove, DOCOMO Digital, Google, Magnite, Nielsen, SpotX, TV5MONDE, Viaccess-Orca, WarnerMedia; Silver Sponsors Alibaba Cloud, AsiaSat, Bounty Media, Digital Ocean, InMobi, InvestHK, INVIDI, Kaltura, MEASAT, MediaKind, Nagra, Netflix, PubMatic, SES, Vuulr, Xandr.

About the Asia Video Industry Association (AVIA)
AVIA is the trade association for the video industry and ecosystem in Asia-Pacific. It serves to make the video industry stronger and healthier through promoting the common interests of its members. AVIA is the interlocutor for the industry with governments across the region, leads the fight against video piracy and provides insight into the video industry to support a vibrant industry ecosystem.

About Create Hong Kong
Create Hong Kong (CreateHK) is a dedicated agency set up by the Government of the Hong Kong Special Administrative Region in June 2009. It is under the Communications and Creative Industries Branch of the Commerce and Economic Development Bureau and dedicated to spearheading the development of creative industries in Hong Kong. Its strategic foci are nurturing talent and facilitating start-ups, exploring markets, and promoting Hong Kong as Asia’s creative capital and fostering a creative atmosphere in the community. Website: www.createhk.gov.hk

For media enquiries and additional background please contact:
Charmaine Kwan
Head of Marketing and Communications
Email: charmaine@avia.org
Website: www.avia.org
LinkedIn: www.linkedin.com/company/asiavideoia
Twitter: @AsiaVideoIA

Disclaimer: The Government of the Hong Kong Special Administrative Region provides funding support to the project only, and does not otherwise take part in the project. Any opinions, findings, conclusions or recommendations expressed in these materials/events (or by members of the project team) are those of the project organizers only and do not reflect the views of the Government of the Hong Kong Special Administrative Region, the Communications and Creative Industries Branch of the Commerce and Economic Development Bureau, Create Hong Kong, the CreateSmart Initiative Secretariat or the CreateSmart Initiative Vetting Committee.

1...2,0492,0502,051...2,066Page 2,050 of 2,066