Business

Kerry Logistics Crowned the Winner of the CILT Award 2020 – Enterprise Award for Service Excellence

Kerry Logistics Crowned the Winner of the CILT Award 2020 – Enterprise Award for Service Excellence

HONG KONG, CHINA – Media OutReach – 18 September 2020 – Kerry Logistics Network Limited (‘Kerry
Logistics’; Stock Code 0636.HK) is delighted to be crowned the winner of the
CILT Award (the ‘Award’) 2020 – Enterprise Award for its outstanding service.

 

Organised
biennially by the
Chartered Institute of Logistics and Transport in Hong Kong (‘CILTHK’) to
recognise professional excellence and promote the best practice of transport
and logistics, the Award is categorised into two streams — the Enterprise Award and the
SME Award. A five-member judging panel, consisting of industry practitioners,
academics and professionals, presided over the assessment to laud service
excellence. The awardees were selected based on seven
criteria, namely, customer satisfaction, achieving United Nations Sustainable
Development Goals, infrastructure, innovation, operational effectiveness,
quality management and risk management & control.

 

William Ma, Group Managing Director of Kerry Logistics Network, said,
“We are very excited to win this award. CILTHK is a renowned organisation that
has been making great contribution to the development of professionals for the
logistics and transport industry in Hong Kong. While we celebrate this honour,
we also feel a sense of responsibility and pride in our job as a logistics
service provider, at a time when the global supply chain is facing
unprecedented chaos. Logistics demands are coming from all
quarters, and the role that the logistics industry plays in supporting everyday
lives is more important than ever. It is a role that Kerry Logistics is equipped
and ready to play well.”

About Kerry Logistics Network Limited (Stock Code 0636.HK)

Kerry
Logistics Network is an Asia-based, global 3PL with a highly diversified
business portfolio and the strongest coverage in Asia. It offers a broad range
of supply chain solutions from integrated logistics, international freight
forwarding (air, ocean, road, rail and multimodal), industrial project
logistics, to cross-border e-commerce, last-mile fulfilment and infrastructure
investment.

 

With a
global presence across 58 countries, Kerry Logistics Network has established a
solid foothold in half of the world’s emerging markets. Its diverse infrastructure,
extensive coverage in international gateways and local expertise span across
China, India, Southeast Asia, the CIS, Middle East, LATAM and other locations.

 

Kerry
Logistics Network generated a revenue of over HK$40 billion in 2019 and is the
largest international logistics company listed on the Hong Kong Stock Exchange.

About the CILT Award

The
Chartered Institute of Logistics and Transport in Hong Kong (CILTHK) is a
statutory non-profit making professional body dedicated to promote, encourage
and coordinate the study and advancement of the science and arts of transport
and logistics. The CILT Award was first introduced in 2004 aiming to recognise
and applaud the outstanding achievements of any transport and logistics service
providers in Hong Kong. Under the theme ‘Service Excellence’, the Award is
categorised into two streams, namely ‘Enterprise Award’ and ‘SME Award’. This
biennial competition is organised for entries from both the logistics and
transport sectors and organisations that can demonstrate achievement in either
logistics or transport management with an aim to foster excellence in practice.
CILT Award is a prestigious recognition of the winner’s contributions to the
development of Hong Kong’s transport and logistics industry.

Amazon introduces additional support measures to help small and medium businesses bounce back from COVID-19

Amazon introduces additional support measures to help small and medium businesses bounce back from COVID-19

Globally, Amazon
announced that it will invest US$18 billion in 2020 to support small and medium
businesses and that it will spend an additional US$100 million to promote small
businesses during Prime Day and through the holiday season

 

In Singapore,
Amazon is one of the qualified e-commerce solution providers under the Digital
Resilience Bonus administered by IMDA, and eligible local retailers who
register to sell on Amazon.sg can receive a bonus of up to S$2,500

 

SINGAPORE – Media OutReach – 18
September 2020 – (NASDAQ:AMZN) — In 2020, Amazon has provided
support to thousands of local retailers and helped many of them to build
thriving businesses by selling on Amazon.sg,
and is keen to do more. Now, local retailers selling on Amazon.sg who meet the eligibility
criteria can also receive the Digital
Resilience Bonus
(DRB) administered by the Infocomm Media Development Authority
(IMDA). In addition, as part of Amazon’s continued global commitment to support
small and medium businesses (SMBs) during COVID-19, Amazon announced that it
will invest US$18 billion to help SMBs worldwide sell to customers, including
investments in logistics, tools, services, programs, and people. These
initiatives add on to the support measures for local retailers that Amazon has
leaned in to provide, including an ongoing
collaboration
with Enterprise Singapore
on the eCommerce Booster Package which offers eligible local retailers a
one-time grant of up to S$9,000 when they register to sell with Amazon.sg.

“As local retailers
continue to adapt to the new normal, digitalisation is key to enabling them to
build resilience and tap into new revenue streams domestically and
internationally. Small and medium businesses
are a part of Amazon’s DNA and we remain committed to their success. The new initiatives will provide the necessary push in encouraging
local retailers to step up digitalisation efforts and we’re happy to work with IMDA on the Digital Resilience Bonus to offer additional support to them during this time of need,” said Bernard
Tay, Country Leader, Amazon.sg Seller Services and Head of Amazon Global
Selling Southeast Asia, Australia and New Zealand.

“The recently announced Digital Resilience Bonus (DRB)
under the SMEs Go Digital programme encourages retail and food services
enterprises to take prompt action in adapting to the new normal through
digitalisation. It is heartening to see industry leaders like Amazon coming
forward to enable businesses reach out to more customers online and help their
SME partners benefit from the DRB.” said Catherine Chong, Director, SMEs Go
Digital, IMDA. 

 

Helping local retailers emerge
stronger from the pandemic

Since the onset of COVID-19, Amazon has introduced a
pipeline of initiatives targeted at supporting the local small and medium
business community in their online selling journey. These include:

 

  • New
    resources by Amazon help retailers digitize

Amazon
announced that
it is on course to invest US$18 billion this year to help small and medium
businesses to sell to customers, including investments in logistics, tools,
services, programs, and people. Since the beginning of the year, Amazon has
launched more than 135 free tools and services to help sellers grow their sales
in Amazon’s store. In Singapore, Amazon recently launched
its Seller University, an
online education portal offering complimentary training videos and tools so
retailers new to eCommerce can learn how to create effective product listings
faster and master the key tools and applications for selling on Amazon.

 

Other resources available include
the Amazon Seller App for local
retailers with accounts on Amazon.sg to track sales and manage their business
via mobile. For retailers to build and nurture their businesses online, Amazon
also rolled out its Marketplace Appstore, a one-stop shop to discover
third-party applications and services for automating tedious business aspects,
and the Seller Forum, a resource for first-hand advice from fellow business
owners on selling with Amazon. Sellers can also join the Sell on Amazon Singapore Facebook page to connect with the community of sellers on
Amazon.sg.

 

  • Digital
    Resilience Bonus (DRB) with IMDA

The DRB is one of the efforts by the Singapore Government
to uplift the digital capabilities of a broad base of enterprises. For a start,
the DRB will benefit the food services and retail sectors which have been
deeply affected by safe distancing measures amidst COVID-19. Amazon is one of
the e-commerce providers that qualifies as a solution for the DRB. Eligible
retailers who sell on Amazon.sg and fulfil the other mandatory requirements can
receive a one-time S$2,500 automatic cash payout. Detailed information on the
DRB, including its eligibility criteria can be found here and in
the Appendix.

 

  • Recognizing
    home-grown businesses and celebrating their journeys

In a bid to raise more awareness for local businesses, Amazon
recently launched a dedicated
“Shop Local” storefront
on Amazon.sg. The “Shop Local”
initiative features local brands’ founding stories and a plethora of products
from local businesses in categories such as home and home improvement,
electronics, kitchen and dining, health and personal care, toys and games,
groceries and more. The “Shop Local” storefront will shine a spotlight on the
diversity of local retailers selling on Amazon.sg, positioning them for
increased sales during Prime Day and throughout Q4.

For more information about selling on Amazon.sg, visit: amazon.sg/sell


APPENDIX:
FAQs

1.       Eligibility criteria for the Digital
Resilience Bonus Payout (
Reference)

  • To qualify for DRB, an enterprise must be: (i) incorporated on or
    before 26 May 2020 with a Food Service or Retail SSIC code and (ii) using the
    digital solutions between 1 June 2020 and 30 June 2021.
  • Eligible enterprises can receive payouts of up to S$10,000, if
    they:

a)       Adopt PayNow Corporate and PEPPOL
e-invoicing; and

b)      Adopt the digital solutions in the
required categories

  • The payout for Category 1 and 2 is S$2,500 per
    enterprise per category, while the payout for Category 3 is S$5,000 per enterprise.
    Enterprises that fulfil all categories will receive S$10,000. Digital solutions
    in each category are illustrated in the tables below.

 

Retail

Solutions to
adopt in addition to PayNow and PEPPOL e-invoicing

Bonus Amount

Category
1

(i)
Accounting, (ii) HR/Payroll and (iii) Inventory Management

$2,500

Category
2

E-commerce

$2,500

Category
3

Data
mining and analytics

$5,000

 

2.       What are the types of retail
enterprises that qualify for DRB?

  • Retail enterprises include those in footwear, bags, clothing,
    furniture, jewellery, watches, cosmetics, hardware, pet supplies, toys, books,
    handphones and computer hardware. To view the full list of qualified SSIC for
    Food Services and Retail sectors, please visit the Digital Resilience Bonus
    webpage at www.imda.gov.sg/DRBonus.

3.      
How do eligible retailers on Amazon.sg apply for
DRB?

  • Eligible Singapore retailers who have a digital presence on e-commerce
    solutions including on Amazon.sg and have sales records between 1 June 2020 and
    30 June 2021 will be eligible for the Category 2 payout of S$2,500. Retailers
    also need to fulfil the baseline mandatory criteria, i.e. have a qualified
    primary SSIC (as listed on IMDA’s website) as at 26 May 2020, be registered on the Nationwide E-invoicing
    Network and have a PayNow Corporate account. Detailed information on the DRB can
    be found here https://www.imda.gov.sg/DRBonus).
  • There is no need for enterprises to apply for DRB. As a qualified
    solution provider, Amazon submits the unique entity number (UEN) and business
    name of Singapore retailers who made sales on Amazon.sg from 1 June 2020 to 30
    June 2021. This submission is made on a monthly basis, starting from 5
    September 2020 for Amazon.sg. IMDA checks whether the retailers have met the
    other mandatory criteria and pays out S$2,500 to those who have, through their
    PayNow Corporate accounts. No money is transferred to Amazon. Each eligible retailer
    will receive this bonus only once for each Category.

4.      
When will the payouts be made?

  • The first enterprises that adopted the pre-defined solutions have
    received their first Bonus payouts in August. Those that adopt later will
    receive their Bonus payouts in later months. IMDA has a monthly cycle of
    assessing enterprises’ eligibility for the Bonus and making the Bonus payouts.
  • Assessment of eligibility for the DRB payouts is based on whether
    an enterprise has used the solution, regardless of the date when the solution
    was deployed.
  • The Bonus payout will be paid through your PayNow Corporate
    account. You can check your account statement to see if you have been paid.

5.       If I get paid for fulfilling Category 1,
and I subsequently qualify for Category 2, will I receive the second payout
upon fulfilment of Category 2?

  • Yes, the Bonus for each category will be extended to you if you
    adopt all the solutions in that category and meet the mandatory requirements.
    The total payout for each enterprise upon fulfilment of all three categories is
    S$10,000.

6.      
What is the frequency of the payouts?

Each eligible
retailer will receive the Digital Resilience bonus only once for each Category.

7.      
Are retailers who have signed up for the Enterprise Singapore’s e-Commerce Booster Package with Amazon eligible to
receive the Digital Reslience Bonus?

Yes,
eligible retailers who qualify can benefit from both of these initiatives.

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,
1-Click shopping, personalized recommendations, Prime, Fulfilment
by Amazon, AWS, Kindle Direct Publishing, Kindle, Fire tablets, Fire
TV, Amazon Echo, and Alexa are some of the products and services pioneered
by Amazon. For more information, visit 
Amazon.sg.

China CITIC Bank International launches Refinitiv EFX distribution platform

China CITIC Bank International launches Refinitiv EFX distribution platform

HONG KONG, CHINA – Media
OutReach
 – 18 September 2020 – Refinitiv, one of the world’s largest
providers of financial markets data and infrastructure, today announced that China
CITIC Bank International has adopted Refinitiv Electronic Trading platform to
enhance its Foreign Exchange (FX) trading and distribution workflow.

 

In
today’s evolving FX markets, banks need flexible trading platforms and tools
that provide control over electronic pricing, distribution, and hedging to meet
the growing demands of their client base and improve internal efficiency and
mitigate operation risks.

 

With
Refinitiv Electronic Trading, over 300 banks across 80 countries globally are
already benefiting from a turnkey, next-generation e-commerce FX trading
solution. Refinitiv Electronic Trading offers a powerful suite of e-commerce products
to shape, configure and automate FX prices to customers through a number of
distribution channels and FX venues while streamlining risk management. The
platform’s auto-execution and smart order routing methods enable enhanced price
discovery and execution with minimal market impact, which have also been
critical in helping clients safely cope with much larger volumes from their
remote or virtual work environments.

 

Lijun Bai, Executive Director ACEO, Head of Wholesale
Banking Group and Treasury & Markets Group at CITIC International
, said, “In today’s FX
market, we see a strong demand for electronic pricing, execution efficiency and
stability as the partner of our clients. Through the Refinitiv Electronic
Trading platform, we will be offering competitive prices in CNH and other major
FX currency pairs electronically, which we believe will improve the operational
and risk controlling efficiency for both our bank and our customers.”

 

David Day, Head of North Asia at Refinitiv, said, “As a leading trading
venue and data company for financial markets, we are proud to strengthen our
partnership with China CITIC Bank International, one of the leading Chinese
banks in the offshore market. Through Refinitiv Electronic Trading, CNCBI will
have access to an efficient and digitized FX trading platform to drive the
on-going growth of its foreign exchange business in both local and
international markets. Enabling e-commerce solutions for the industry two
decades ago, Refinitiv sits at the intersection of currencies FX venues,
technology and regulation globally. We will continue to promote the development
of efficient, fair and effective markets.”

 

For
more information on Refinitiv’s FX trading solutions, visit here.

 

About Refinitiv

Refinitiv is one of the world’s largest
providers of financial markets data and infrastructure, serving over 40,000
institutions in over 190 countries. It provides leading data and insights,
trading platforms, and open data and technology platforms that connect a thriving
global financial markets community – driving performance in trading,
investment, wealth management, regulatory compliance, market data management,
enterprise risk and fighting financial crime.

Online Singaporean Florist, Floristique Boosts Spirits and Immunity with New Line of Affordable Welfare Hampers

Online Singaporean Florist, Floristique Boosts Spirits and Immunity with New Line of Affordable Welfare Hampers

SINGAPORE – Media OutReach – 17 September 2020 – At the onset of the recession, Singapore-based online florist
Floristique continues uplifting morale and raising health awareness with a new
product line – welfare hampers.

 

This move was a colossal one for the online
florist who had specialized in floriculture ever since its inception in October
2017.

 

Floristique’s co-founder, Wendy Han’s
lightbulb moment came when news of mass layoffs, vast business closures, and
economic contractions dominated the headlines.

 

To spread good cheer and wellness during this
period of uncertainty, Floristique ventured into uncharted waters of their own
by exploring a new business line beyond floriculture that focuses on immunity
and good nutrition.

 

Spreading Love in a World in Crisis

 

The COVID-19 pandemic caused humungous upheavals
in numerous aspects of life.

 

Many organizations have been hit hard, while
tons of other firms have had to shut their doors for good.

 

During this challenging time, businesses and
individuals alike must do their part to keep community morale up.

 

As an organization themselves, Floristique was
determined to spread positivity amidst these uncertain times.

 

For Floristique, lending a hand to those in
distress and doing their part to boost morale went beyond sending thoughtful
gifts. The online florist also sought to encourage better health and wellness
with their gift baskets.

 

Nourishing Eats and Thoughtful Gestures

 

Aside from keeping community morale up,
businesses must build healthier business relationships and stand by each other.

 

The act of gift-giving does just the trick.

 

Following more announcements about major
layoffs in several international corporations worldwide, Floristique unveiled a
new hampers series, including fresh fruits, health tonics, light snacks, and
other merchandise.

 

To top it off, the online florist made
delivery free of charge for all gift hampers.

 

Standing Firm in the Face of the Pandemic

 

“2020 was a year full of challenges for
many businesses like ours. But we’re not going to let these trials break us. If
anything, we want to rise out of these troubles stronger and more determined
than ever before,” declared Wendy.

 

While health and travel measures have eased,
the reality of the recession remains. Despite this, the online florist is
staying positive.

 

“Our hearts go out to all businesses and
business owners who are feeling the pressure from this recession and pandemic.
Let’s stay strong and overcome this together!”

 

Floristique offers an extensive variety of floral gifts and products.
Priding itself on its efficient and economical delivery services, Floristique
is among Singapore’s leading online florists. View more information here:
https://www.floristique.sg/

Media Contact:

Wendy Han

Founder, Floristique 

wendy@floristique.sg

DBLend, the first blockchain DeFi project in DiBi Global ecosystem, has entered the development stage

DBLend, the first blockchain DeFi project in DiBi Global ecosystem, has entered the development stage

SINGAPORE – Media OutReach – 17
September 2020 – Global digital currency trading platform, DiBi Global exchange, today announced that
DBLend (Version 1.0 ) development phase officially launched.

DBLend is a digital currency lending platform which centred
around the usage of DeFi (Decentralized Financial) smart contract base on
blockchain technology as a trusted intermediary in facilitating the growth of
global lending marketplace.

Maggie, the Co-Founder of DBLend’s Chinese Community, said: “As
blockchain technology and DeFi (Decentralized Financial) applications become
more and more mature, It is likely that DeFi will change the entire financial
system in the near future. As early as 2019, DiBi Global has been laying out
its own DeFi ecosystem. As the first and most important DeFi application of
DiBi Global, DBLend project has been widely concerned as soon as it was
lauched, that’s because of DBLend’s decentralized mining mechanism and users’
multiple ways of making profits here, and all of these features are based on
smart contracts on the blockchain. In the long run, code is more reliable than
humanity. Through the smart contract in blockchain technology, trust and
consensus can be well established. In addition, smart contract technology
automates the movement of funds and tokens, amplifying the provision of
liquidity to digital currency market participants. “

According to the whitepaper, Lenders and borrowers in DBLend
platform are matched automatically through the smart contract (Ethereum-based
protocol), eradicating the need for third parties. It’s loaning feature plays
it safe for borrowers by allowing only up to 70% of the collateral’s worth,
rather than the full 100%—-minimizing risks. In additon, users have multiple
investment options with high-profit on the DBLend platform, such as DBL (DBLend
token) mining, providing DBL liquidity for the interest pool, mainstream token
lending, mainstream token lending, etc.

“I think DeFi will change from serving the financial
industry to changing the entire financial system. Today, I am so glad that DiBi
Global officially launched the development of DBLend platform 1.0 which I
believe will be released soon. ” Maggie added.

For more details, please visit https://www.dblend.pro

About DiBi Global

DiBi Global Exchange is the first global trading
platform with multiple decentralized rules which was founded by DiBi
Technology Co., Ltd. 

The mission of DiBi Global is to transform research into
innovative applications that help investors and users have more fairer and
safer trading experience through the application of blockchain, smart contract,
and other related technologies.

https://www.dibic.net

Temenos Banking Software available on Alibaba Cloud to Power Banks’ Digital Transformation

Temenos Banking Software available on Alibaba Cloud to Power Banks’ Digital Transformation

  • Temenos partners with Alibaba Cloud
    to offer financial institutions scalability, performance, resilience and
    innovation
  • Temenos cements its leadership in the cloud delivering its
    software across all major public cloud providers

GENEVA, SWITZERLAND and HANGZHOU, CHINA – Media
OutReach
 – 17 September 2020 – Temenos (SIX: TEMN), the banking
software company, and Alibaba Cloud, the digital technology and intelligence
backbone of Alibaba Group, today announced that Temenos Transact, its next
generation core banking product is now certified on Alibaba Cloud. Financial
institutions will be able to run Temenos’ mission-critical core banking
applications on Alibaba Cloud and benefit from elastic scalability, cost and
operational efficiencies. Banks can now easily adopt Temenos’ world-leading
banking software on the powerful Alibaba Cloud infrastructure.

More than 3,000 financial services institutions around the world
leverage Temenos’ modern, cloud-native and API-first technology. Banks can now
run Temenos’ core banking software in Alibaba Cloud and take advantage of the
speed to market and agility of the cloud, enabling them to quickly reinvent
their business models and their organization as a whole.

The growing demand for cloud-based and SaaS models is being accelerated
by the coronavirus pandemic as banks require more resilient and agile
technology propositions. Cloud has become the established method of software
deployment for smaller banks and neobanks that need to launch quickly with
minimal IT infrastructure cost. However, incumbent banks increasingly require
cloud-native software to future-proof their business, gain greater speed to
market as well as reduce IT complexity and costs.

Temenos’ core banking software will now be available on Alibaba Cloud,
and the two companies will jointly help banks go to market faster, open up new
business models, and achieve industry leading cost/income ratios. The two
companies are already engaged in proof of concepts with banks and have joint
customers in APAC.

Philip
Barnett, Director, Strategic Growth, Temenos, said:
“We are delighted to extend our
leadership in the cloud and be the first to certify with Alibaba Cloud, a tech
giant and a source of innovation widely recognized for its leadership in
e-commerce and mobile payments. Cloud is the enabler for change; and
particularly during this challenging climate – it gives financial institutions
the agility and the resilience they need. Working with Alibaba Cloud we will
help banks to elastically scale based on demand and remove operational
complexities. Together we can help new entrants launch faster with lower costs
as well as large banks break down silos and collaborate internally and
externally, and provide outstanding customer experiences. Our certification on Alibaba
Cloud demonstrates that our cloud-agnostic banking platform enables banks to
pursue a multi-cloud strategy and have the highest levels of active-active
resilience with the cloud provider of their choice.”

Lancelot Guo, President of Ecosystem
and Sales Operations, Alibaba Cloud Intelligence:
“We are delighted that Temenos has
certified on our cloud. Temenos is the market-leading, cloud-native banking
software provider accelerating the digital transformation for thousands of
worldwide financial institutions. Combined with our comprehensive suite of
cloud services, and a proven track record of delivering value, we together
boost the capabilities of financial institutions, allowing them to accelerate
their growth and innovation on the cloud.”

Temenos has been in the forefront of
software innovation, consistently investing 20% of its revenues in R&D and
is pioneering in cloud banking for the last 10 years. Temenos was the first
banking software provider to offer a core banking product in the cloud and the
first to offer cloud-to-cloud, active-active multi-cloud resilience to
eliminate downtime and dependency on a single cloud provider. Temenos enables
banks to significantly reduce their total cost of ownership through elastic
cloud scalability, distributed database technology and multi-cloud resilience,
all underpinned by the benefits of vendor and platform independence. Temenos
accelerates banks digital transformation helping them to become more agile and
innovate faster.

About Alibaba

Established in 2009, Alibaba Cloud
(www.alibabacloud.com), the digital technology and intelligence backbone of
Alibaba Group, is among the world’s top three IaaS providers, according to
Gartner, and the largest provider of public cloud services in China, according
to IDC. Alibaba Cloud provides a comprehensive suite of cloud computing
services to businesses worldwide, including merchants doing business on Alibaba
Group marketplaces, start-ups, corporations and government organizations.
Alibaba Cloud is the official Cloud Services Partner of the International
Olympic Committee.


About Temenos

Temenos AG (SIX: TEMN) is the
world’s leader in banking software. Over 3,000 banks across the globe,
including 41 of the top 50 banks, rely on Temenos to process both the daily
transactions and client interactions of more than 500 million banking
customers. Temenos offers cloud-native, cloud-agnostic and AI-driven front
office, core banking, payments and fund administration software enabling banks
to deliver frictionless, omnichannel customer experiences and gain operational
excellence.

Temenos software is proven to
enable its top-performing clients to achieve cost-income ratios of 26.8% half
the industry average and returns on equity of 29%, three times the industry average.
These clients also invest 51% of their IT budget on growth and innovation
versus maintenance, which is double the industry average, proving the banks’ IT
investment is adding tangible value to their business.

For more information, please visit www.temenos.com.

JANNPAUL revolutionises the global diamond market with the Decagon 10 Hearts & Arrows Diamond

JANNPAUL revolutionises the global diamond market with the Decagon 10 Hearts & Arrows Diamond

SINGAPORE
– Media OutReach – 17
September 2020 – The
newly designed and patented White Series Collection by Singaporean diamond
designer, Paul Hung, revolutionises light performance in fancy shaped diamonds.
Managing Director of JANNPAUL Singapore, Paul is one of the first diamond
designers to have shaken up the industry with the newest 10 Hearts & Arrows cuts
featured in the traditional fancy shaped diamonds.

 

Presently, fancy
shaped diamonds are still cut the same way they were in the 1960s. Back then,
they were cut for different unique shapes, rather than light performance.
However, this changed with the high-performing White Series diamonds, cut to
exacting standards for maximum brilliance. With far more superior technology
and tools, the White Series collection features fancy shaped diamonds – think
cushion, pear, oval,
and even a decagon – that redefine diamond cutting. In contrast to a 57-faceted
round diamond, the Decagon 10 HA – part of the White Series – boasts 111
facets, engineered for high scintillation and brilliance. Sold exclusively by
JANNPAUL, these fancy-shaped diamonds are a gamechanger in the global market.

 

With a wide range of cuts and
variables considered in the performance of a super ideal cut, the quality of these fancy shaped diamonds
lie in brilliance, dispersion and scintillation. The White Series diamonds are
cut to illuminate from every major and minor facet from the center, synergising
from crown to pavilion to deliver edge to edge brilliance. Under the ASET
scope, the refractive light of play produces a mosaic of light in motion. The
mark of a brilliant diamond is produced upon analysis at 90 degree angles, but
with the White Series, the diamonds are engineered to perform at natural,
titled angles under the perspective of a naked eye.

 

The soft launch of
the JANNPAUL White Series include fancy shaped diamonds such as the cushion,
pear, oval and decagon diamond cuts produced at competitive prices. Against other
premium diamonds, the White Series diamonds sport the highest fire and
scintillation, distributing sparkle evenly with minimal light leakages. With
superior light-performing angles, you will find these cuts to be truly
uncontested in the realm of bright white diamonds.

 

As diamonds are big-ticket
purchases, you want to be sure of exactly what makes the diamond worth the
spend. Recognisably, young adults planning for marriage also fall into the
category of first-time diamond buyers. Backed with research and a clear preference
for aesthetics, young buyers today delve into the scientifics and product
comparisons to come to consensus on diamond value. And by raising the benchmark
through comprehensive diamond education and free consultations, JANNPAUL is meeting
that standard.

Established in 2010, JANNPAUL
seeks to remove exploitative nature within the jewelry trade by producing super
ideal cut diamonds at competitive prices. With top light girdle performance and
spectacular symmetry, the newest Decagon 10 HA diamond makes the cut with an
unrivalled uniqueness.

Media Contact: 

Marketing Department, JannPaul Diamonds Singapore

Email: sales@jannpaul.com

Tel: +65 67332925

About JANNPAUL

The world’s leading jeweler of
the highest standards of Super Ideal Cut Hearts & Arrows diamonds, JANNPAUL
was founded to provide consumers high performing diamonds at competitive
prices. The vision of the company is to educate the public and empower them
with knowledge to make informed decisions. JANNPAUL offers the best diamond
cuts in all shapes, at competitive prices. We hope to revolutionise the diamond
industry and raise the benchmark.

For
more information, visit JANNPAUL’s website: https://www.jannpaul.com/ or learn
more about JANNPAUL’S Diamonds: https://www.youtube.com/user/JPJannPaul

Chubb Charitable Foundation completes grants to support All Hands and Hearts initiatives in Asia Pacific

Chubb Charitable Foundation completes grants to support All Hands and Hearts initiatives in Asia Pacific

SINGAPORE – Media OutReach – 17
September 2020 – The
Chubb Charitable Foundation
announced today that it has completed two grants to All
Hands and Hearts
, an organization which
addresses the immediate and long-term needs of communities impacted by natural
disasters around the world.

The Foundation’s grant will be channelled towards two initiatives in the
Asia Pacific, namely the Philippines Typhoon Mangkhut Relief and Australia
Bushfire Relief. In the Philippines, the Foundation’s grant of US$10,000 focuses
on two primary schools which accommodate more than 500 students aged 6-12 years
old. The schools are located in the Philippines’ northern Cagayan province,
which sustained destructive impacts of Typhoon Mangkhut in 2018. For Australia, the Foundation’s US$10,000 grant will
be used for environmental protection and livelihood support in communities
recovering from the combined impacts of the 2019 bushfires and COVID-19.

“We are impressed by All Hands and Hearts’ action-oriented philosophy to
natural disasters, which comprises response, recovery, resilience and renewal.
Through their active engagement with the community and volunteers, they get
straight to what the community needs most post-disaster while laying the
foundation for it to emerge stronger in the future. All Hands and Hearts’
efforts in the Philippines and Australia align well with the Chubb Charitable Foundation’s
focus on education as well as the environment and will go a long way towards making
a real difference in the respective communities.” said Paul McNamee, Regional
President for Chubb in Asia Pacific.

“All Hands and Hearts seeks to address the greatest
needs in communities devastated by natural disasters. With the generous support
of the Chubb Charitable Foundation, children in the Philippines have the chance
to receive a safe education in schools resilient to future disasters, as well
as access to clean drinking water, sufficient toilets and handwashing stations,
and outdoor play areas. In Australia, once COVID-19 restrictions allow, we plan
to support communities affected by the bushfires and further impacted by the
COVID-19 crisis. We are truly grateful for the Chubb Charitable Foundation’s
support for the long-term recovery of these communities that otherwise may not
receive the support they require,” said Bruce Linton, Chief Development Officer
for All Hands and Hearts.

About the Chubb Charitable Foundation

The
Chubb Charitable Foundation
 supports non-profit
organizations through grant-making and projects aligned with defined focus
areas including education, the environment, and poverty and health. The
Foundation believes that meaningful contributions that support our communities
globally provide lasting benefits to society, to Chubb and to Chubb employees.
Through philanthropy, global partnerships and company sponsored-volunteer
activities focused on giving the gift of time and donations, the Chubb
Charitable Foundation supports clearly defined projects that solve problems
with measurable and sustainable outcomes, helping people in the countries where
we live and work build productive and healthy lives. Our commitment to assist
those less fortunate and to be stewards of the planet is focused on the areas
of education, poverty and health, and the environment.

About Chubb

Chubb is the world’s largest publicly traded property and casualty
insurance company. With operations in 54 countries and territories, Chubb
provides commercial and personal property and casualty insurance, personal
accident and supplemental health insurance, reinsurance and life insurance to a
diverse group of clients. As an underwriting company, we assess, assume and
manage risk with insight and discipline. We service and pay our claims fairly
and promptly. The company is also defined by its extensive product and service offerings,
broad distribution capabilities, exceptional financial strength and local
operations globally. Parent company Chubb Limited is listed on the New York
Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb
maintains executive offices in Zurich, New York, London, Paris and other
locations, and employs approximately 33,000 people worldwide. Additional
information can be found at: chubb.com.

About All Hands and Hearts

All Hands and Hearts is
a volunteer-powered nonprofit that effectively and efficiently addresses the
immediate and long-term needs of communities impacted by natural disasters
around the globe. By listening to local people, and deploying our direct-impact
model, we are able to rebuild safe, resilient schools, homes and other
community infrastructure. Learn more at:
allhandsandhearts.org.


21 Asia-Pacific Companies Recognized in Refinitiv’s 2020 Diversity & Inclusion Index

21 Asia-Pacific Companies Recognized in Refinitiv’s 2020 Diversity & Inclusion Index

  • Refinitiv’s Diversity & Inclusion Index measures relative performance
    against multiple factors that define diverse and inclusive workplaces.
  • 21 companies across eight countries in Asia-Pacific (APAC) are included in
    the 2020 D&I Index Top 100 List.
  • Australia continues to lead the region with nine firms ranked among the top
    100, followed by Japan and Malaysia with three companies each.
  • These companies come from a wide range of industries, including Computers,
    Phones & Household Electronics, Food & Drug Retailing,
    Telecommunications and Natural Gas Utilities, among others.

SINGAPORE/SYDNEY, AUSTRALIA – Media OutReach – 17 September 2020 – Refinitiv today announced the 2020 Top
100 most diverse and inclusive organizations globally as ranked by the
Diversity & Inclusion (D&I) Index. The index ratings are
informed by Refinitiv’s Environmental, Social, and Governance (ESG) data,
designed to transparently and objectively measure the relative performance of close
to 10,000 companies representing 80%+ of global market cap across 450+ ESG data points, and provide clients with
critical and differentiated insight.   

 

Industries leading this
year’s D&I Index Top 100 are banking,
investment services & insurance firms with a total of 18, followed by pharmaceuticals
with 9 and telecommunications services, specialty retailers and personal &
household products & services with 7 respectively.  United States leads the Top 100 list with 20
firms followed by the United Kingdom with 13, Australia with 9 and Canada and
France with 7.

 

Key findings of the Refinitiv Diversity and Inclusion report for 2020 include:

 

  • Globally the cultural diversity of board members has increased from five
    years ago but has stalled at around 30%.
  • EMEA leads the way with the most culturally and gender diverse boards.
  • The average board in APAC is made up of 12% female members, which
    represents a 53% increase over the last 5 years, but it is still behind the
    global average of 19% of female board members.
  • Regionally, Africa is leading the way with on average 34% of female
    managers.
  • The average proportion of female managers in APAC firms is 25%, an 18%
    increase over the last 5 years. 
  • The number of companies with an official flexible working policy has
    increased by
    78% in APAC and 54% globally over the last five
    years. 
  • A total of 34% more APAC companies and 25% more companies globally have a
    career development policy in place than five years ago.
  • Regionally the largest increases have been seen in Oceania with a 40%
    increase.
  • Although APAC businesses recorded improvements across various D&I
    metrics, there is still room for APAC businesses to strengthen its D&I
    efforts, especially in area of board cultural diversity.

“21
companies across eight countries in APAC are recognized among the top 100 most
diverse and inclusive organizations globally in our 2020 D&I Index,” said
Alfred Lee, Managing Director, Asia Pacific at Refinitiv. “We have seen
encouraging progress among APAC firms in their efforts to increase workplace
diversity and inclusiveness, with our data showing a 53% increase in the
region’s board gender diversity over the last five years and a 78% increase in
the number of APAC companies with an official flexible working policy during
the same period. With investors and businesses paying more attention to D&I
practices and disclosures in the region, we are confident that more APAC
organizations will be taking the lead in embedding diversity and inclusion into
their business strategy going forward.”

“It’s
fantastic to see 9 Australian companies from a range of industries in the top
global 100 this year, with supermarket chain Woolworths gaining top spot in Australia
for the second year running. AGL Energy and Blackmores rank second and third
respectively. When
looking at the APAC data it is encouraging see that Australia has the largest overall
percentage of female managers. Diversity and inclusion
continues to garner increased attention, with areas such as board diversity
hotly debated,” said Daryl Sisson, Managing Director, Pacific at Refinitiv.

“Six
ASEAN companies from Malaysia, Singapore and Thailand earned a place in this
year’s D&I Index Top 100, with Thailand’s Home Product Center PCL leading
the Southeast Asia region,” said Vernice Moh, Managing
Director, ASEAN at Refinitiv. “Our data also found that Malaysia and Singapore
have seen an 89% and 88% rise in board gender diversity respectively over the
last five years, which are among the largest increases in proportion of women
on boards globally. While there is still room for Southeast Asian countries to
create a more diverse and inclusive workforce relative to global and regional
peers, transparent reporting of D&I data and targets will enable ASEAN
companies to share best practices and further the region’s progress in the
years to come.” 

The D&I Index is available on Refinitiv Workspace and Eikon, as are the underlying diversity and inclusion metrics,
which are used by financial professionals to evaluate sustainability related
risks and opportunities of companies across their investments, as well as
empower diversity-lens investing strategies. The D&I Index utilizes
innovative analytics to rate and score companies across 4 main pillars: Diversity,
Inclusion, People Development and Controversies. Only
companies with scores across all four pillars are assigned an overall score
(the average of the pillar scores). The top 100 ranked companies with the best
overall D&I scores are selected for the Index.   

Diversity and Inclusion in
the workforce are core environmental, social and governance (ESG) themes, which
financial professionals are more frequently incorporating into their investment
strategies and capital allocation decisions. 
COVID-19 has shone a light on why diversity is critical for business
recovery and resilience. As companies look to adapt to a new way of conducting
business post-COVID-19, diversity and inclusion factors need to be on the
agenda alongside financial resilience, environmental risks and workforce
health.

 

“The
global pandemic and social unrest this year has reinforced the focus on
diversity and inclusion in the workplace coming from different business
stakeholder groups,” said Elena Philipova, global head of ESG at
Refinitiv. “Our Diversity and Inclusion Index, now in its fifth year,
emphasizes the critical importance for companies to commit to, measure and
report on their diversity journey beyond gender. Sustainable and resilient
workforce is the fuel for businesses especially during volatile times. Refinitiv
remains fully committed to using our data assets, expertise and influence to
champion the importance of diversity and inclusion in the workplace — including
our own.”

 

For the second annual report, Refinitiv analyzed trends in diversity and
inclusion data, covering the following areas: trends in diversity and inclusion
data reported by public companies over the last five years; long/short
portfolio analysis using the Portfolio Analytics app in Refinitiv Eikon®; and the
constituents of the Refinitiv 2020 Diversity and Inclusion Index (based on the
second quarter 2020 index rebalance).

 

For more information about the Diversity and Inclusion report for 2020,
please visit:

https://www.refinitiv.com/en/resources/special-report/diversity-and-inclusion-at-workplace

 

The D&I
Index, launched in 2016, ranks the top 100 publicly traded companies globally
with the most diverse and inclusive workplaces, as measured by 24 metrics
across four key categories: Diversity,
Inclusion, People Development
and
News Controversies
. The Index is then calculated by weighing each metric
based on importance in the market and how each company compares with its peers.

 

APAC Companies in the Top 100 D&I
Index and their corresponding overall D&I percentage score (%): 

Ranking

Company

Country

Overall Score

13

Sony Corp

Japan

76.75

24

Home Product Center
PCL

Thailand

74.5

31

Singapore Airlines
Ltd.

Singapore

73.25

35

Singapore
Telecommunications Limited

Singapore

73

36

Shiseido Company,
Limited

Japan

73

37

DiGi.Com Bhd

Malaysia

73

48

Woolworths Group Ltd

Australia

71.25

50

AGL Energy Ltd

Australia

71.25

52

Korea Gas Corp

South Korea

71.25

57

Petronas Gas Bhd

Malaysia

70.5

58

Blackmores Limited

Australia

70.5

61

CSL Limited

Australia

70.25

67

Cathay Financial
Holding Co., Ltd.

Taiwan

70

73

Arvida Group Ltd

New Zealand

70

75

Commonwealth Bank of
Australia

Australia

69.75

81

InvoCare Limited

Australia

69.75

84

Nomura Holdings Inc

Japan

69.5

87

NIB Holdings Limited

Australia

69.5

88

Nestle (Malaysia)
Berhad

Malaysia

69.5

93

Ausnet Services Ltd

Australia

69.25

95

Vita Group Limited

Australia

69.25

For more information about the D&I Index
(Methodology) please visit: https://www.refinitiv.com/content/dam/marketing/en_us/documents/methodology/diversity-inclusion-rating-methodology.pdf

For a complete list of the Top 100 Most Diverse & Inclusive
Organizations Globally, please visit: https://www.refinitiv.com/en/sustainable-finance/diversity-and-inclusion-top-100

To learn
what top-ranked institutions are saying about the D&I index, please visit:
https://www.refinitiv.com/content/dam/marketing/en_us/documents/reports/diversity-and-inclusion-quotes.pdf

Refinitiv provides innovative indices and
index-related services to the global financial community to help investors make
better decisions. Our index clients and partners rely upon the unparalleled
breath, depth, global network and vast data and content sets that only Refinitiv
can provide. Backed by the content, data, independence and global information
network of Refinitiv, our indices and index services are designed to suit any
need. For more information, go https://www.refinitiv.com/en/financial-data/indices.

About Refinitiv

Refinitiv is one of the world’s largest providers of
financial markets data and infrastructure, serving over 40,000 institutions in
approximately 190 countries. It provides leading data and insights, trading
platforms, and open data and technology platforms that connect a thriving
global financial markets community – driving performance in trading,
investment, wealth management, regulatory compliance, market data management,
enterprise risk and fighting financial crime. For more information, visit: www.Refinitiv.com.

CUHK Business School Research Looks at How Companies Can Tailor Product Variety to Maximise Influencer Marketing

CUHK Business School Research Looks at How Companies Can Tailor Product Variety to Maximise Influencer Marketing

HONG KONG,
CHINA – Media OutReach – 17 September
2020 – We live in
the age of the social influencer. Nowadays, with
the development of the internet and the growth of social media, it is
increasingly easy for consumers to post a comment or a picture of a product and
to notice whether somebody else uses or praises a product or a brand, making word
of mouth and opinion leader recommendations more important than ever.

 

Online, a recommendation may come in
a form of a selfie on Instagram, a short Tweet, a “like” on Facebook,
or the fact that an opinion leader uses certain products. An entire cottage
industry has seemingly risen overnight where internet celebrities — people who
acquired or developed their fame online — make their entire livings from
corporate endorsement, using their relative notability to peddle products or
experiences to their followers.

 

However, using social influencers to
market a company’s products or services can be tricky. Consumers nowadays are
savvy enough when they encounter a product endorsement to consider not only
that it is likely sponsored, but also whether the recommendation is purely
based on high product quality. It is highly likely they would also think about
whether it was because the social influencer selected a specific product (from
a variety of offerings) that suited their particular taste, says Chenxi
Liao
, Assistant Professor at The Chinese University of Hong Kong
(CUHK) Business School
‘s Department of Marketing.

 

Under such a scenario, is there an
ideal number of varieties of a product a company could offer to maximise
profits? This is what drove a group of researchers to look at the impact of
product variety when consumers rely on the product evaluations of opinion
leaders or experts to make purchase decisions. Entitled Opinion
Leaders and Product Variety
, the study was
conducted by Prof. Liao in collaboration with Prof. Dmitri Kuksov of the
University of Texas at Dallas.

 

“Absent costs of variety, to
increase profit, an intuitive solution is to increase product variety. With
more alternatives available, it is more likely that an expert can find a
variant that fits their personal preference, and post a positive product
opinion,” says Prof. Liao, adding that since consumers expect quality to
be higher when the expert opinion is positive than when it is negative, they
are willing to pay a higher price.

  

When
More Variety is Bad

From this perspective, increased
assortment can benefit the firm. However, when many product variants are
available, consumers may expect an expert to find a better fit, and this
consideration would then reduce consumer expectations of the product quality,
leading to lower profits.

 

There is also the issue of market
noise. Consider that opinion leaders are likely to be more knowledgeable and
have a greater desire to educate themselves about a certain product, since this
is typically how they gain popularity and the trust of their followers in the
first place. These experts are likely to be able to better understand and
choose which variant fits them best.

 

On the other hand, the everyday
consumer may not be as familiar with the product or are not willing to spend
the time and effort. This means they may not be able to choose the best-fitting
alternative and may benefit less from having many alternatives.

 

Taken all of this into
consideration, the researchers formulated a complex mathematical model and
found that there does exist a point beyond which increasing product variety
netted no significant benefits to a company.

 

Prof. Liao explains that two
opposing forces come into play when a company increases the variety. First of
all, when product variety increases, it raises the probability of getting a
positive expert opinion and therefore the product being recognized by consumers
as of high quality. On the other hand, it also decreases certainty by the
consumer that the product received a good review because of its inherent high
quality.

 

Although the first effect is
positive, the second is negative. It turns out that for a small number of
variants, the first effect dominates the second, and for a large number of
variants, the second effect dominates the first.

 

“We further find that the
optimal number of product variants increases if the importance of fit for the
expert or the expert’s unwillingness to provide a positive recommendation is
higher,” Prof. Liao adds.

 

Another consideration is whether the
company has a good grasp of how consumers would rate the quality of its
products. The researchers cite as examples two similar products in recent years
— the Apple iPod and the Microsoft Zune music players. Whereas the second
flopped, the first became a phenomenal success, but because they were both
conceptually new products, it was difficult to tell how consumers would rate
their quality.

 

The research also found that,
unsurprisingly, when the firm has a good understanding of how consumers will
perceive the quality of its products, the firm with the lower quality product
may seek to hide its inferiority by limiting the information transmitted
through expert opinions and mimic the variety provided by a firm with a similar
product but of a higher quality.

 

Real
World Implications

Relating the findings to real world
business practices, Prof. Liao notes that it is not uncommon for a company to
introduce a product line with a small number of products, or even just one,
promoted to opinion leaders.

 

“The idea is that the promotion
of a smaller number of products makes communication easier and clearer,”
she says, citing a successful promotional campaign by the U.S. luxury
department store chain Lord & Taylor. In introducing its Design Laboratory
collection, the company chose to promote a single dress to many influencers on
Instagram.

 

The fact that a number of social
influencers all agreed to create a post on Instagram with the same dress
signaled to their followers that the choice was based on the quality of the
dress itself, rather than because it complimented a specific fit or complexion.

 

Another prediction of the model is
that when opinion leaders are more likely to be happy with the product
regardless of the exact quality they see, a firm should prefer to offer a
smaller product selection, says Prof. Liao. For example, Apple does not provide
as many customisation opportunities in iOS for iPhones as Android systems
usually do. However, since many opinion leaders like Apple products more, they
are likely to give a positive review.

 

Prof. Liao adds that one important
assumption was that consumers are unable to tell exactly how much of a positive
product review is because the product is suited to the reviewer’s tastes. This
is changing in that many websites, such as the American NGO Consumer Reports,
are providing more detailed information regarding the reviewer’s context. In
these circumstances, the negative effect of having a large number of product
variants will be diminished.

 

Looking at opportunities for future
research, Prof. Liao notes that another assumption is that the expert always
posts a product evaluation. “In practice, opinion leaders could be silent
on many products. An absence of a recommendation may be interpreted as a
negative opinion, as in the expert did not find it worthwhile to choose the
product, or could be reducing the informativeness of the recommendations,”
she says.

 

One interesting avenue is to
consider the uncertainties facing the expert before and after the purchase, and
how it affects the likelihood of a positive review, she adds.

 

Reference:

Kuksov, Dmitri and Liao, Chenxi, Opinion Leaders
and Product Variety (December 14, 2018). Available at SSRN: https://ssrn.com/abstract=2985153
or http://dx.doi.org/10.2139/ssrn.2985153

 

This article was first published in the China
Business Knowledge (CBK) website by CUHK Business School: https://bit.ly/3mm5EM6.

About CUHK Business School

CUHK
Business School comprises two schools — Accountancy and Hotel and Tourism Management — and
four departments — Decision Sciences and Managerial Economics, Finance, Management and Marketing.
Established in Hong Kong in 1963, it is the first business school to offer BBA,
MBA and Executive MBA programmes in the region. Today, the School offers 10 undergraduate programmes and
18
graduate programmes including MBA, EMBA, Master, MSc, MPhil
and Ph.D.

 

In
the Financial Times Global
MBA Ranking
2020, CUHK MBA
is ranked 50th. In FT‘s
2019 EMBA
ranking, CUHK EMBA is
ranked 24th in the world. CUHK Business School has the largest
number of business alumni (40,000+) among universities/business schools in
Hong Kong — many
of whom are key business leaders. The School currently has about 4,500 undergraduate and
postgraduate students and Professor Lin Zhou is the Dean of
CUHK Business School.

 

More
information is available at http://www.bschool.cuhk.edu.hk
or by connecting with CUHK Business School
on:

Facebook: www.facebook.com/cuhkbschool

Instagram: www.instagram.com/cuhkbusinessschool

LinkedIn: http://www.linkedin.com/school/cuhkbusinessschool

WeChat:
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