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DHL positioned as a Leader in the 2020 Gartner Magic Quadrant for Third-Party Logistics, Worldwide

DHL positioned as a Leader in the 2020 Gartner Magic Quadrant for Third-Party Logistics, Worldwide

“Dialog and proximity to our customers help us react quickly to changing market conditions, especially in times of the Corona crisis,” said Oscar de Bok, CEO of DHL Supply Chain.


 – 6 July 2020 – DHL, part of the world’s leading
logistics company Deutsche Post DHL Group, has been positioned as a Leader by
Gartner, Inc., the world’s leading research and advisory company, in its June 2020
Magic Quadrant for Third-Party Logistics, Worldwide. Both DHL divisions, DHL
Supply Chain and DHL Global Forwarding, were considered within this research.

“We fundamentally believe in putting our
customers at the heart of our business” said Oscar de
Bok, CEO of DHL Supply Chain and Member of the Board of Management of Deutsche
Post DHL Group. “We develop the most effective solutions when we step
beyond being a logistics service provider and invest in really understanding
the challenges our customers are facing as their partner. To do this ongoing
dialogue and proximity to our customers are key — especially in times of the
Corona virus with all the additional demands that brings. Reliability and
flexibility are crucial. That is the only way to quickly react to changing
market conditions, balance volume fluctuations and, if necessary, set up
entirely new supply chains fast.”

Scharwath, CEO of DHL Global Forwarding and Member of the Board of
Management of Deutsche Post DHL Group added: “The forwarding solutions offered
by DHL Global Forwarding around the globe have been just as crucial as the
right supply chain management, warehousing, transport and strategic consulting
provided by DHL Supply Chain. I am particularly pleased that DHL has been
recognized in this report.”

De Bok added: “Our various e-Commerce
offerings are an area of significant commitment for us alongside our business
partners. As a division of brands, we receive top marks from our customers year
over year. In addition to this, Gartner, Inc. has again named DHL a Leader in
the Magic Quadrant for Third-Party Logistics, Worldwide.”

DHL is one of 16 international companies
recognized in this report that Gartner, evaluated based on completeness of vision
and ability to execute. In 2020, DHL is positioned highest for the ability to

Gartner “Magic Quadrant for Third-Party
Logistics, Worldwide,” David Gonzalez, et al, 10 June 2020

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

DHL – The logistics company for the world

DHL is the leading global brand in the logistics
industry. Our DHL divisions offer an unrivalled portfolio of logistics services
ranging from national and international parcel delivery, e-commerce shipping
and fulfillment solutions, international express, road, air and ocean transport
to industrial supply chain management. With about 380,000 employees in more
than 220 countries and territories worldwide, DHL connects people and
businesses securely and reliably, enabling global sustainable trade flows. With
specialized solutions for growth markets and industries including technology,
life sciences and healthcare, engineering, manufacturing & energy,
auto-mobility and retail, DHL is decisively positioned as “The logistics
company for the world”.


DHL is part of Deutsche Post DHL Group. The
Group generated revenues of more than 63 billion euros in 2019. With
sustainable business practices and a commitment to society and the environment,
the Group makes a positive contribution to the world. Deutsche Post DHL Group
aims to achieve zero-emissions logistics by 2050.


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UnionBank, PH Central Bank Governor and MAS Fintech Chief Talk Transformative Regulation in Fireside Chat

UnionBank, PH Central Bank Governor and MAS Fintech Chief Talk Transformative Regulation in Fireside Chat

 – 6 July 2020 – Union
Bank of the Philippines
 (UnionBank) recently hosted a digital fireside
chat on “Transformational Regulatory Change to Accelerate Innovation”
with the Philippine Central Bank Governor Dr. Benjamin Diokno and Monetary
Authority of Singapore (MAS) Chief FinTech Officer Sopnendu Mohanty, moderated
by UnionBank Vice-Chairman Dr. Justo A. Ortiz.


The special hour-long discussion touched on various topics
including open banking, the National ID system, blockchain and central bank
digital currency among others. Governor Diokno and Mr. Mohanty also discussed
the regulatory frameworks in the Philippines and Singapore respectively,
highlighting the need for a sandbox approach when dealing with emerging


“Regulation and innovation – they sound like an
oxymoron. For a long time it may have been the case but it is no longer,”
said UnionBank Vice Chairman Justo Ortiz.


Ortiz opened the session by recalling how compliance with
regulatory requirements paved the path for UnionBank’s transformation journey,
showing how regulators can often be catalysts for innovation. “The only
way to handle the compliance requirements in a sustainable, effective and
timely way was to digitize our processes so that we could acquire, store,
access and report the data in the various cuts the regulators want to see, and
that went into our strategic planning exercise,” Ortiz shared.


Central Bank Governor Benjamin Diokno recognized the crucial
role of technology in revitalizing the economy amidst the ongoing COVID-19
crisis. He emphasized that the Central Bank’s prioritizes support for banks and
financial institutions so that these can deliver financial services to the
public using innovative technology.


With this, the Governor shared three principles to foster an
environment conducive to innovation. First, regulations have to risk-based,
proportionate and fair. Second, there has to be active multi-stakeholder
collaboration. Lastly, innovations should benefit consumers, especially the
most vulnerable and those availing of financial services for the first time.


Governor Diokno shared an overview of the Philippine Central
Fintech Roadmap which focuses on proportionality of regulation based on risk
profile and systemic importance. He also discussed improving Central Bank’s
capabilities through regulatory and supervisory technology such as AI and
predictive analytics. Finally, Governor Diokno highlighted the importance of
open collaboration between financial regulators and fintech players and
providing a flexible test and learn” environment to engage and
oversee fintech innovators. UnionBanks i2i, which connects rural banks through a
blockchain-based network, was cited as one of the successful initiatives born
out of the Central Banks test and learn approach.


MAS Fintech Chief Sopnendu Mohanty shared his view on what a
post-COVID19 economy will be like and gave insights on what regulators should
look into to respond and adapt to this new normal.


He mentioned that the pandemic has affected businesses in
two ways: first, it shifted the focus of digitalization from efficiency and
productivity to resiliency and sustainability, and second, it accelerated the
digitalization of all processes. According to Mohanty, this new digital normal
will make economies more open, connected and interoperable. However, regulators
must embrace progressive policies for this to happen.


Mohanty emphasized the need for National Digital
Infrastructure which lays the foundation for fintech capabilities such as the
National ID, eKYC and seamless payment facilities. He also noted the need for
trusted data exchange at the national level.


Another key component of a connected financial services
ecosystem is open Application Programming Interfaces (APIs) which can be
accessed and consumed by financial institutions and fintechs. According to
Mohanty, this is the first step to open banking and allows more seamless data
accessibility among institutions, thus leading to better financial products and
services as well as inclusive prosperity.


Lastly, Mohanty echoed the principles raised by Governor
Diokno such as the need for a collaborative mindset and implementation of
balanced and agile regulations. He also noted that an environment conducive to
experimentation and collaboration, matched with regulation that adapts to
ever-changing scenarios, can bring forth transformative innovations that
benefit economies.


The fireside chat was part of UnionBank’s Tech Up 0-1-2-3
webinar series, co-organized with the Fintech Philippines Association, the
Distributed Ledger Technology of the Philippines (DLTAP), Tech Up Pilipinas,
Philippine Fintech Festival, UnionBank GlobalLinker and UBX.

Announcement on the Completion of the New Manulife-ESR Joint Venture’s Acquisition of PGGM’s Real Estate Portfolio for RMB1.7 Billion

Announcement on the Completion of the New Manulife-ESR Joint Venture’s Acquisition of PGGM’s Real Estate Portfolio for RMB1.7 Billion

SHANGHAI/TORONTO/AMSTERDAM/HONG KONG – Media OutReach – July 6, 2020 – ESR Cayman Limited (“ESR”; SEHK Stock Code: 1821), Manulife and PGGM today announced that a new core joint venture (“Core JV”) between ESR and Manulife has completed the acquisition of four institutional-grade logistics properties from Redwood China Logistics Fund (“RCLF”) for approximately RMB1.7 billion (equivalent to approximately US$243 million).

RCLF is a limited partnership development joint venture between ESR and PGGM. PGGM is one of the Netherland’s largest pension fund service providers and is an existing and long-standing capital partner of ESR.

The acquisition involves a portfolio of four grade ‘A’ core logistics assets with over two million square feet of net rentable area. Located in Guangzhou, Kunshan, Wuxi and Dongguan, each building is strategically positioned with convenient access to key arterial expressways and local airports. As of June 30, 2020, the buildings are all fully leased to a diverse mix of high quality tenants.

This transaction marks Manulife’s first standalone industrial investment in China, demonstrating its commitment to growing its real estate exposure in the Asia Pacific Region. The acquisition brings Manulife’s real estate portfolio in the region to 4.9 million square feet.

“We are thrilled to partner with ESR on our latest real estate investment in China. Industrial properties continue to be a favorable asset type to us globally given its defensive nature and strong growth potential,” said Kenny Lam, Senior Managing Director, Head of Asia Real Estate Investments, Manulife. “The acquisition fits well with our long-term investment strategy for the Asia Pacific market.”

“The disposal of assets is in line with our strategy to realize profits on some of our completed and stabilized China development assets as we continue to build a strong track record in our China investments. PGGM has strong conviction in the continued promising growth of the logistics property sector both in China and globally. Urbanization, coupled with a growing middle class, thriving e-commerce industry and buoyant consumption, are all positive drivers fuelling investments in logistics assets in China,” said Thijs Schoenaker, Director, Private Real Estate Asia Pacific of PGGM.

Jeffrey Shen, ESR Co-founder and Co-CEO, and Charles de Portes, ESR Co-founder and President, said in a joint statement, “We are excited about the new partnership with Manulife and the potential to grow this strategic relationship, not only in China but across other pan-Asian markets in which ESR operates. These properties represent some of the highest quality locations and asset specifications in ESR’s stabilized portfolio in China, and are a reflection of our very successful and ongoing partnership with PGGM.”

A market leader in modern logistics real estate in China and the Asia Pacific region, ESR has built a strong portfolio and development pipeline of logistics properties across China. In China, the total GFA of the portfolio assets held on the group’s balance sheet and in the funds and investment vehicles it manages comprised 6.9 million square meters, and the total AUM reached over US$4.8 billion, as of December 31, 2019.


About Manulife

Manulife Financial Corporation is a leading international financial
services group that helps people make their decisions easier and lives better.
With our global headquarters in Toronto, Canada, we operate as Manulife across
our offices in Canada, Asia, and Europe, and primarily as John Hancock in the
United States. We provide financial advice, insurance, and wealth and asset
management solutions for individuals, groups and institutions. At the end of
2019, we had more than 35,000 employees, over 98,000 agents, and thousands of
distribution partners, serving almost 30 million customers. As of December 31,
2019, we had $1.2 trillion (US$0.9 trillion) in assets under management and
administration, and in the previous 12 months we made $29.7 billion in payments
to our customers. Our principal operations are in Asia, Canada and the United States
where we have served customers for more than 100 years. We trade as ‘MFC’ on
the Toronto, New York, and the Philippine stock exchanges and under ‘945’ in
Hong Kong.

About Manulife Investment Management’s Real Estate Platform

Manulife Investment
Management’s comprehensive private markets platform includes Real Estate,
Private Equity and Credit, Infrastructure, Timber and Agriculture. Through its
Real Estate group, Manulife Investment Management develops and manages
commercial real estate for thousands of customers around the globe. Its
portfolio includes millions of square feet of office, industrial, retail and
multifamily space strategically located in major metropolitan markets. The Real
Estate group leverages its vertically integrated platform to serve
its customers as well as manage the space requirements and corporate-use
facilities for Manulife’s global operations.


As at March 31, 2020, the Real
Estate portfolio totaled over 62 million square feet. Additional information
can be found at .

About ESR

ESR is the largest APAC focused logistics real estate platform by gross floor area (GFA) and by value of the assets owned directly and by the funds and investment vehicles it manages. Co-founded by its senior management team and Warburg Pincus, ESR and the funds and investment vehicles it manages are backed by some of the world’s preeminent investors including APG, SK Holdings,, CPP Investments, OMERS, PGGM, Ping An and Allianz Real Estate. The ESR platform spans across the People’s Republic of China, Japan, South Korea, Singapore, Australia and India. As of 31 December 2019, the fair value of the properties directly held by ESR and the assets under management with respect to the funds and investment vehicles managed by ESR recorded approximately US$22.1 billion, and GFA of properties completed and under development as well as GFA to be built on land held for future development comprised over 17.2 million sqm in total. ESR has been listed on the Main Board of The Stock Exchange of Hong Kong Limited since 1 November 2019. For more information on ESR, please visit

About PGGM

PGGM is a cooperative Dutch pension fund service provider. Institutional
clients are offered: asset management, pension fund management, policy advice
and management support. On December 31, 2019 PGGM had EUR 252 billion in assets
under management and was administrating pensions of 4.4 million participants.
Around 750,000 workers in the Dutch healthcare are connected to PGGM&CO,
our members organization. Either alone or together with strategic partners,
PGGM develops future solutions by linking together pension, care, housing and