Category: Industry

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Frost & Sullivan Recognises Keypasco’s Secure Authentication Services as a Game Changer for Reducing Authentication Spoofing while also Being Easy to Use

LONDON, July 21, 2014 /PRNewswire/ — Based on its recent analysis of the secure authentication market, Frost & Sullivan recognizes Keypasco AB with the 2014 European New Product Innovation LeadershipAward.

Keypasco’s software-based user authentication service is a non-invasive solution that can facilitate mobile migration. The twin ability to keep pace with the mega trend of migration towards mobility and address the growing menace of mobile device attacks will allow the company to dominate this emerging market.

“Keypasco uses techniques such as a fingerprinting to determine if a legitimate device is being used, and employs geo-location features to identify the place the request was made from,” said Frost & Sullivan Research Analyst Ben Gresham. “If the results fit the normal pattern for the user, the transaction is authorized, and if the behaviour is anomalous, the solution uses risk-based factors to determine if the request is fraudulent. By merging these factors and technologies, Keypasco has created an authentic solution for sensitive tasks such as mobile banking.”

An example of Keypasco’s ability to quickly and thoroughly address security gaps within the emerging mobile online banking arena is the XiaWeiFeng security service. It combines Keypasco’s device fingerprinting, geo-location, as well as risk intelligence software, and has features such as a one-key-lock function that allows the user to disable a bank account and/or card either online or offline. Frost & Sullivan notes that the company’s software can be embedded and is highly configurable with the user’s existing software.

The Keypasco solution’s biggest advantage is its ease of use. When employed along with the Vakten desktop software, the computer can use a paired Bluetooth connection as a proximity factor. The solution offers the same security level as traditional one-time password (OTP) token, possibly higher (MitM, and MitB support), and is drastically cheaper and provides protection for both mobile devices and computers at the same time. Keypasco offers integrated authentication for major web browsers such as Apple Safari, Google Chrome, Mozilla Fire Fox, and Microsoft Internet Explorer as an agent-less service alternative to the agent-based solution.

Frost & Sullivan’s research reveals that Keypasco’s software-based secure authentication solution addresses growing security risks, is simple and does not interfere with everyday user behaviour. Three years of focused software-based solution development has enabled Keypasco to address industry challenges through a solution that is much less troublesome to implement than hardware-based solutions.

“By developing a strictly software-based solution from the ground up, Keypasco has achieved a balance between power and practicality to integrate a variety of powerful software-based authentication factors that work better with real-world user behaviour,” noted Ben Gresham. “This places the company in a unique position to provide one of the easiest-to-implement secure authentication solutions that addresses the growing mobility trend.”

Each year, Frost & Sullivan presents this award to the company that has developed an innovative element in a product by leverage leading-edge technologies. The award recognizes the value added features/benefits of the product and the increased ROI it offers customers, which in turn increases customer acquisition and overall market penetration potential.

Frost & Sullivan Best Practices awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis and extensive secondary research to identify best practices in the industry.

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TAL Education Group Announces Unaudited Financial Results for the First Fiscal Quarter Ended May 31, 2014

BEIJING, July 21, 2014 /PRNewswire/ — TAL Education Group (NYSE: XRS) (“TAL” or the “Company”), a leading K-12 after-school tutoring services provider in China, today announced its unaudited financial results for the first quarter of fiscal year 2015 …

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The 115th Canton Fair: Enhanced innovation and service highlights the future of trade

GUANGZHOU, China, July 21, 2014 /PRNewswire/ — Though the Chinese national team did not make it to the FIFA World Cup in Brazil, Chinese merchandise certainly did. One flag company in Zhejiang Province alone supplied over 50 million flags to Brazil, with many of its orders placed through the Canton Fair, China’s biggest trade event.

Closing on May 5, China’s 115th Canton Fair made good its promise to boost trade competitiveness. While the overall value of business transactions was down slightly on the 114th Fair at around RMB 191 billion (US$31 billion), individual figures proved that efforts to stimulate creativity, quality and brand recognition by Fair organizers had been highly successful.

Many innovative Chinese enterprises, such as those involved in the manufacture of household appliances and consumer electronics, signed lucrative deals at the Fair. Sales of smart products, in particular, increased sharply.

A range of innovative methods were employed by organizers of the 115th Fair to boost buyer attendance. Introduced in 2013, the “exhibitors inviting buyers” and “existing buyers inviting new buyers” campaigns were further refined and expanded, with the number of invitations sent out by exhibitors and existing buyers increasing significantly. A new promotion and introduction program in India combined Fair invitations with exclusive interviews on social media.

Yin Zhenyu, the manager from a feather products company, was delighted with the response to the invitations his company sent out. “We received over 30 invitees on the first day alone,” explained Yin. “We’ve already had an order from a Malaysian buyer for $50,000. All buyers who receive invitation letters can enter the exhibition without registration fees, so it’s a lot more convenient.”

The Fair itself drew further positive reviews from all quarters. The 115th Fair was the third time that Bastan, a construction equipment purchaser from Sudan, had attended the event. “This is the perfect buying platform for overseas wholesalers,” explained the Sudanese. “Half the products I buy will be resold to retailers when I return home. In Sudan many products are sourced from China. Prices here are reasonable and differentiated by quality and performance.”

“I’ve never seen so many clients keen to tie up contracts on the spot,” said Ahmed Fouad, a deputy director with Egyptian household appliance manufacturer Unionaire. “It was way beyond our expectations.”

For further information please visit: http://www.cantonfair.org.cn/en/index.asp

For media enquiries:
Mr. Wu Xiaoying
Tel: +86-20-8913 8628
Email: [email protected]

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Wynyard Group Expands Australian and Asia Pacific Presence with New Advanced Crime Analytics Operations Centre

SYDNEY, July 21, 2014 /PRNewswire/ — Wynyard Group, a market leader in advanced crime analytics software and services, announces the opening of its Asia Pacific Operation Centre in Sydney.  

The centre will support growth in the region where Wynyard recently secured new contracts with key Australian State and Federal Government agencies, Thai Customs, New Zealand Police and one of the region’s intelligence agencies. The company is also supporting inter-governmental drug control and crime prevention initiatives in the region.

Wynyard’s software is used globally to help prevent and solve serious and organised crime ranging from regulatory offences and financial crime, to drug trafficking, terrorism and cyber crime. The major users of Wynyard’s Advanced Crime Analytics software are financial institutions, regulatory bodies, government intelligence and investigative agencies which is a growing market for Wynyard, said Craig Richardson, Wynyard Managing Director.

“There is strong demand in Australia and South East Asia for a big data analytics capability focused on surfacing key intelligence on organised crime and drug trafficking from diverse data sources such as financial transactions, mobile phone handsets, call charge records and the movement of people and suspicious packages.

“We will double the size of our Australianbased team this year to support a customer base of more than 30 agencies in the region, collectively responsible for the safety and security of more than 650 million citizens,” said Richardson.

Wynyard’s Advanced Crime Analytics product platform allows users to collect data from a variety of sources, surface organisations or persons of interest and identify links to past incidents or potential future events. The platform supports small and large scale investigations and intelligence operations to prevent and solve crime and is used by more than 111,000 endusers globally.

Richardson said Australia is an important and growing market for the company.

“More than 60 per cent of Wynyard’s 2013 customer revenue was from the Asia Pacific region and Australian financial institutions participated in our recent new capital placement.

“The interest in our products and Wynyard shares has given us the confidence to open a new centre in Sydney and expand our operations in Canberra and Melbourne,” said Richardson.

The opening of the Asia Pacific Regional Operation Centre also coincides with Wynyard’s Asia Pacific Advanced Crime Analytics User Group which brings together customers and crime prevention experts.

Media Contact:

Emma Jackson
Communications Director
Wynyard Group
Mobile: +64-212256253
Email: [email protected]

 

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Asia Plantation Capital announces commercial collaboration in India

SINGAPORE, July 21, 2014 /PRNewswire/ — Singapore-based Asia Plantation Capital is proud to announce Phase 1 of a commercial collaboration in India with the country’s largest, public sector, agarwood plantation group – a community based project, extending across the whole of Southern India.

Vanadurgi Agarwood India was established around 10 years ago as a cooperative-shareholder business model – providing local farmers and landowners with planting stocks, and support to cultivate agarwood and other cash crops. The company has grown, and has now established over 5,000 grower plantations across South India; accounting for about 99% of agarwood trees currently in South India. In the prime plantation zone at Sringeri, in Karnataka, the company has established an old-model plantation system, an agriculture research station, an artificial-inoculum multiplying unit, warehousing and a packing and forwarding centre. In addition, a standard, resinous wood extraction facility with a large scale, primary processing unit is being planned here. Also, fully-fledged, primary processing units are planned at: Madikeri, Sakaleshpur, Shimoga, Sirsi, Puttur and Kollur (in Karnataka) with collection centres at Coimbatore (in Tamil Nadu) and at Kalpetta (in Kerala).

After visits by Dharmendra Kumar – the founder of Vanadurgi – to Thailand, and to other countries in South East Asia, to study and establish relationships with other commercial agarwood plantations, Asia Plantation Capital is proud that the group have chosen Asia Plantation Capital to work with them on developing inoculation solutions and the end-processing of agarwood into all the various (and increasing) products it can offer.

During early July, a team from Asia Plantation Capital’s Specialist Inoculation and Research Department carried out field trials in India to assess the best inoculation systems – based on our experience in perfecting a system in Thailand and Malaysia which has a 100% success rate in stimulating the production of agarwood resin, and which is 100% organic; comparable to oud oils produced in nature. Jack Sirichai, who headed the team from Asia Plantation Capital’s Thailand office (based in Bangkok) said, “It was an amazing experience to meet Dharmendra and his group of farmers when we arrived. Over 500 of them had travelled, for many hours, to meet and greet us with an official reception, held in our honour. We were overwhelmed to find so many people who share our passion for developing the agarwood industry and for employing the best husbandry and socially responsible management practices to advance this massive plantation industry in a sustainable manner. Providing and nurturing community support is a cornerstone of our own policies at Asia Plantation Capital; to share this with such a passionate group is key to our continued growth and success.”

The Asia Plantation Capital team will now be working closely with Vanadurgi to monitor and assess our inoculation processes. All countries (and even regions) have differing climatic and biodiversity conditions – all of which have a major effect on the performance of these systems – and it is important that we tailor and research our methods to provide the maximum yield and quality of the end oud that is produced in all the regions.

Phase 2 of the collaboration will see Asia Plantation Capital and Vanadurgi working on end-processing solutions, distillation, and developing consumer products which we can jointly market – creating the world’s largest, combined producer and supplier of agarwood – with the ability to offer long term, sustainable supplies of consistent quality to the global market place.

Asia Plantation Capital chooses, very carefully, whom it works with and with whom it shares its technologies. The benefits for the largest agarwood plantation group in India – gained by jointly working with Asia Plantation Capital – are the potential to create the largest, single supplier and grower in the world and to increase the market share for both companies. This offers both companies the opportunity to benefit from joint research and technologies; helping to further secure the future market and sustainable supplies of agarwood, for both companies and the industry.

About Asia Plantation Capital

Asia Plantation Capital is an owner and operator of a diverse range of commercial plantation and farming businesses across the Asia-Pacific region – and globally, part of the Asia Plantation Capital Group of associated companies. Their focus is on multicultural and diverse plantation projects, geared to the domestic and commercial demands of the countries in which they operate. Working closely with, and supporting local communities is an underlying core principle of the APC business – providing social and cultural support (as well as investment) to move these communities away from deforestation and illegal logging activities which were previously seen as a main source of income in some regions of Asia. Established officially in 2008, although operating privately since 2002, the group now has plantation and agricultural projects on four continents – with operational projects at various stages in: Thailand, Malaysia, China, Laos, India, Cambodia, Sri Lanka, Mozambique, The Gambia, North America and Europe.

Promoting the use of certified wood is the best way of preventing deforestation, protecting biodiversity and combatting poverty in the Tropical Rainforest regions. For the Yachting Sector, which strives for excellence and which is already involved in environmental efforts, this is also a way of ensuring that no wood from illegal logging is used.

About Vanadurgi Agarwood

The Vanadurgi Agarwood India Limited is a public sector company that is exclusively engaged in the cultivation, production and marketing of agarwood. The company has enormous experience, expertise and establishments in each and every segment of the agarwood industry. The company has established over 5,000 agarwood plantations and is emerging as one of the world’s largest agarwood plantation companies. Our goal is to become a one-stop-shop for agarwood raw materials, with no parallels elsewhere in the world. We plan to meet that goal through a combination of experience and partnerships with leading experts from around the world.

The company has established over 5,000 plantations across South India, accounting to about 99% of trees currently in South India. In the prime plantation zone at Sringeri in Karnataka, the company has established an old model plantation, an agriculture research station, an artificial inoculum multiplying unit, warehousing, and a packing and forwarding centre. Further, a standard resinous wood extraction facility with a large scale primary processing unit is also being planned here. Also, full-fledged primary processing units are planned at Madikeri, Sakaleshpur, Shimoga, Sirsi, Puttur and Kollur in Karnataka, and collection centres at Coimbatore in Tamil Nadu and at Kalpetta in Kerala.

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SMIC Revises Up Second Quarter 2014 Gross Margin Guidance

SHANGHAI, July 21, 2014 /PRNewswire/ — Semiconductor Manufacturing International Corporation (“SMIC” or the “Company”) (NYSE: SMI; SEHK: 981), one of the leading semiconductor foundries in the world, announces today an upward revision of its Q2 gross margin guidance for the three months ended June 30, 2014, which was originally released by the Company in its results for the three months ended March 31, 2014 on April 28, 2014. Gross margin for the three months ended June 30, 2014 is guided to be 27% to 29% compared to the original guidance of 22% to 24%.

Dr. Yonggang Gao, Chief Financial Officer commented, “Since the release of our second quarter gross margin guidance, we have seen an increase in utilization and improved expense control, exceeding our earlier expectations. Therefore, we are now revising up our second quarter gross margin. Meanwhile, we maintain our original revenue and non-GAAP operating expenses for the second quarter of 2014.”

As originally guided, revenue in the second quarter of 2014 was expected to increase 12% to 15% quarter over quarter, and non-GAAP operating expenses (excluding the effect of employee bonus accrual, funding of R&D contracts from the government and gain from the disposal of living quarters) were expected to range from $89 million to $93 million.

The Company is still in the process of finalizing its results for the three months ended June 30, 2014. The information contained in this press release is only a preliminary assessment by the management of the Company based on the latest unaudited consolidated management accounts of the Company for the three months ended June 30, 2014, which have not been confirmed nor audited by the Company’s auditors and may be subject to adjustments.

The Company’s actual results for the three months ended June 30, 2014 and the Company’s guidance for the three months ended September 30, 2014 will be published on August 6, 2014.

Shareholders and potential investors are advised to exercise caution when dealing in the shares of the Company.

About SMIC

Semiconductor Manufacturing International Corporation (“SMIC”; NYSE: SMI; SEHK: 981) is one of the leading semiconductor foundries in the world and the largest and most advanced foundry in mainland China. SMIC provides integrated circuit (IC) foundry and technology services at 0.35-micron to 28-nanometer. Headquartered in Shanghai, China, SMIC has a 300mm wafer fabrication facility (fab) and a 200mm mega-fab in Shanghai; a 300mm mega-fab in Beijing and a majority owned 300mm fab for advance nodes under development; a 200mm fab in Tianjin; and a 200mm fab project under development in Shenzhen. SMIC also has marketing and customer service offices in the U.S., Europe, Japan, and Taiwan, and a representative office in Hong Kong. For more information, please visit www.smics.com.

Safe Harbor Statements

(Under the Private Securities Litigation Reform Act of 1995)

This press release contains, in addition to historical information, “forward-looking statements” within the meaning of the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on SMIC’s current assumptions, expectations and projections about future events. SMIC uses words like “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project” and similar expressions to identify forward looking statements, although not all forward-looking statements contain these words. These forward-looking statements are necessarily estimates reflecting the best judgment of SMIC’s senior management and involve significant risks, both known and unknown, uncertainties and other factors that may cause SMIC’s actual performance, financial condition or results of operations to be materially different from those suggested by the forward-looking statements including, among others, risks associated with cyclicality and market conditions in the semiconductor industry, intense competition, timely wafer acceptance by SMIC’s customers, timely introduction of new technologies, SMIC’s ability to ramp new products into volume, supply and demand for semiconductor foundry services, industry overcapacity, shortages in equipment, components and raw materials, availability of manufacturing capacity, financial stability in end markets and intensive intellectual property litigation in high tech industry.

In addition to the information contained in this document, you should also consider the information contained in our other filings with the SEC, including our annual report on Form 20-F filed with the SEC on April 14, 2014, especially in the “Risk Factors” section and such other documents that we may file with the SEC or SEHK from time to time, including on Form 6-K. Other unknown or unpredictable factors also could have material adverse effects on our future results, performance or achievements. In light of these risks, uncertainties, assumptions and factors, the forward-looking events discussed in this document may not occur. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date stated or, if no date is stated, as of the date of this press release.

Contact:

Investor Relations
Phone: +86-21-2081-2804
Email: [email protected]

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“Oud Oil” by Asia Plantation Capital star of the 2014 World Perfumery Congress

SINGAPORE, July 20, 2014 /PRNewswire/ — At one of the largest and most important events in the perfume industry — the World Perfumery Congress — a biannual event held this year in Deauville, France, the team from Asia Plantation Capital Distilleri…

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Background note – FOREIGN AFFAIRS Council meeting – Brussels, 22 July 2014

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BIDV awarded “Best Commercial Bank”

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Laffer’s International Tobacco Taxation Handbook Gives Governments Roadmap to Optimize Tax Revenues

LONDON, July 17, 2014 /PRNewswire/ — As excise taxes become increasingly important throughout the world, Dr. Arthur Laffer today released his international tobacco tax handbook, cautioning that “one size does not fit all” in tobacco tax policy and offering governments practical examples and case studies to consider in order to optimize tobacco excise tax revenues. 

“Tobacco taxes represent an essential source of tax revenue for most countries across the globe,” Laffer said during today’s release of his Handbook of Tobacco Taxation – Theory and Practice. “Governments levy excise taxes on tobacco to achieve fiscal and public health objectives. Because the goal of reducing smoking incidence cannot be understated, this handbook is for everyone interested in setting tobacco tax policy as it focuses on using tax as the solution to the tobacco consumption problem.” 

Laffer found that the unique aspects of tax structure and economic environments make taking a blanket approach to tax levels or tax systems unadvisable. Instead, governments should tailor their approach to tobacco taxation, taking into consideration a range of factors.

“It’s important to think twice about the mounting pressure on the international level to create an overarching tobacco tax structure and level for every country across the globe,” Laffer also said.  “One size does not fit all.  Tobacco regulation and taxation are complex matters that require consideration of a number of political, economic, and demographic factors prior to deciding on tax structures and levels.”

The Laffer Curve illustrates the relationship between tax rates and tax revenue. In most instances when tobacco rates are increased, government revenue increases. However, there are increasingly examples of countries, including the UK and Ireland, whose rates have entered the so-called “prohibitive range” of the Curve. 

“When setting tax levels, dramatic increases can be counterproductive,” Laffer said. “Once tax levels are in the prohibitive range of the Laffer Curve, tax revenues will fall.  If consumers shift to lower taxed or black market products, the tax increase may not even lead to less smoking.”

Laffer’s handbook advises governments to construct their tax systems based on four principles.  These include:

  1. CLEAR PRODUCT CATEGORIES – So that revenue is not lost in “loophole products,” setting precise tobacco product category definitions while amending and updating these categories.
  2. SOLID TAX STRUCTURES – The excise tax structure should support stable and predictable collections and ensure, as much as possible, that excise tax increases translate into government tax revenue increases.
  3. CORRECT TAX LEVELS – To prevent consumers from turning to lower priced products on the black market following tax increases, ensure the correct tax level is applied to each category.
  4. EFFICIENT COLLECTION SYSTEM – To minimize administrative burdens on tax payers and tax collectors, and ensure efficient payment of tobacco taxes by all manufactures and importers.
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