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Tag: asia

  • Airlines to refund Vietnam-China flight tickets

    Airlines to refund Vietnam-China flight tickets

    Vietnamese airlines have offered to refund customers who want to cancel their flights to and from China amid the coronavirus outbreak.

    Flag carrier Vietnam Airlines and low-cost arm Jetstar Pacific stated Friday both would refund tickets and allow free schedule changes for passengers flying to and from Chinese cities starting Friday until further notice.

    The two airlines do not currently operate direct flights to Wuhan City in central China, the epicenter of the new deadly pneumonia virus outbreak.

    Both would provide masks and gloves to passengers on its flights to and from China if requested.

    Civil Aviation Authority of Vietnam (CAAV) Thursday ordered all flight permits be canceled and the granting of new permits to all flights connected to Wuhan by both Vietnamese and foreign airlines be suspended.

    The Ministry of Health has ordered all tourists from China entering Vietnam complete health declaration forms as it combats the spread of the new coronavirus.

    Two Chinese nationals have been quarantined at Cho Ray Hospital in Ho Chi Minh City since Thursday after testing positive for the pneumonia virus.

    China on Saturday said 41 people had died and 1,300 been infected globally due to the virus.

    World Health Organization (WHO) declared the new coronavirus an “emergency in China” this week but stopped short of branding it an international concern.

    Most fatalities have involved elderly patients, many with pre-existing conditions, WHO confirmed.

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  • Maruti Suzuki Announces Price Hike On Select Models

    Maruti Suzuki Announces Price Hike On Select Models

    Maruti Suzuki cars have become costlier from today owing to an increase in prices of select models. The company has increased ex-showroom prices by up to 4.7 percent and new prices come into effect from today. The company had earlier announced that it will increase prices in December 2019 which was supposed to come into effect from January 1, 2020. However, the company had postponed the price hike to a later date. The increase is a part of cyclical price revision due to an increase in input costs which has now become a norm in the industry.

    Earlier in December, the company had said in a BSE filing, “The cost of the company’s vehicles has been impacted adversely due to an increase in various input costs. Hence, it has become imperative for the company to pass on some impact of the above additional cost to customers through a price increase across various models in January 2020. This price increase shall vary for different models”

    The company has not disclosed the models that have undergone price revision, but we expect the majority of its models have witnessed a price hike.

    Maruti Suzuki cars have become costlier from today owing to an increase in prices of select models. The company has increased ex-showroom prices by up to 4.7 percent and new prices come into effect from today. The company had earlier announced that it will increase prices in December 2019 which was supposed to come into effect from January 1, 2020. However, the company had postponed the price hike to a later date. The increase is a part of cyclical price revision due to an increase in input costs which has now become a norm in the industry.

    Earlier in December, the company had said in a BSE filing, “The cost of the company’s vehicles has been impacted adversely due to an increase in various input costs. Hence, it has become imperative for the company to pass on some impact of the above additional cost to customers through a price increase across various models in January 2020. This price increase shall vary for different models”

    The company has not disclosed the models that have undergone price revision, but we expect the majority of its models have witnessed a price hike.

  • FCC approval commercializes much needed mid-band spectrum

    FCC approval commercializes much needed mid-band spectrum

    The mid-band spectrum is the prize behind T-Mobile’s proposed merger with Sprint. The latter owns a hoard of 2.5GHz spectrum and T-Mobile wants it. Why? As T-Mobile CEO John Legere said under oath earlier this month, with Sprint’s spectrum T-Mobile will “triple the total 5G capacity of standalone T-Mobile and Sprint combined.” If the deal doesn’t get done, Legere says that the company will “exhaust capacity in the next two to four years” in some markets. T-Mobile is looking to combine the best attributes of its 600MHz low-band spectrum, Sprint’s 2.5GHz mid-band spectrum, and T-Mobile’s ultra-high mmWave spectrum.

    Low-band airwaves travel farther and penetrate buildings better, but they don’t offer the download data speeds and capacity that mmWave does. And T-Mobile says it needs Sprint’s spectrum to help it cover more rural and low-income Americans with 5G signals. If the merger is not approved, you can expect Legere and company to participate in the C-Band auction. You might recall that in 2017, the wireless provider spent $7.99 billion to snap up 31MHz of 600MHz spectrum during an FCC auction.

    There is another way for U.S. carriers to obtain mid-band airwaves. Last month we told you about the Citizens Broadband Radio Service (CBRS) that makes up a 150MHz wide section of the 3.5GHz band (3.5GHz to 3.7GHz). Also known as Band 48, the FCC today certified four companies from the CBRS Alliance giving them the ability to use this band. Those four outfits are CommScope, Federated Wireless, Inc. (Federated), Google and Sony, Inc. (Sony). The quartet will be able to run full commercial operations in the 3.5GHz band.
    FCC Chairman Ajit Pai seemed to be pretty pleased with today’s action by his agency. Pai said, “The FCC has made it a priority to free up mid-band spectrum for advanced wireless services like 5G. And today, I’m pleased to announce the latest step to achieve that priority: the approval of four systems that will enable the 3.5 GHz band to be put to use for the benefit of American consumers and businesses. As with all of our efforts to execute on the 5G FAST plan, we’re pushing to get next-generation wireless services deployed in the 3.5 GHz band as quickly and efficiently as possible. I would like to thank Commissioner Mike O’Rielly for his leadership throughout this proceeding as well as the FCC staff and those in the private sector who have worked so hard to achieve this milestone.”
    U.S. wireless providers who are planning on using Band 48 are no doubt aware that the military first had control of these frequencies and if they require the use of some of the spectrum, they will get the first crack at it while commercial users will be reassigned to other airwaves.
    Band 48 is being called On-Go and right now phones that can use it include the Google Pixel 4, Pixel 4 XL, LG G8 ThinQ, LG G8X ThinQ, LG V50 ThinQ 5G, OnePlus 7 Pro, OnePlus 7T, Samsung’s 2019 flagships, and the 5G Moto Mod. At first, these airwaves will be used for LTE signals with plans on using Band 48 for 5G in the near future.
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  • KT and Samsung to develop 5G-powered medical service

    KT and Samsung to develop 5G-powered medical service

    KT Corporation, along with with Samsung Medical Center (SMC), has announced the launch of a 5G-enabled medical service as an initial step to set up a 5G-based smart hospital. The pilot project, which is developed by the Seoul-based South Korean telecom giant, developed service environments in operating and proton therapy rooms and performed a test operation.

    Based on the results from the pilot, both KT, formerly Korea Telecom, and SMC are planning to continue the development of smart patient care and 5G-powered new medical practices and better the hospital operational efficiency. Park In-Young, vice president of KT’s ICT convergence business department, said: “KT, in partnership with the Samsung Medical Center, is pioneering innovative medical services for the new 5G era. We will continue to further refine 5G-powered medical technology by applying VR and AR technologies for real-time education.”

    In the coming years, 5G-enabled medical services would, in theory, speed up surgery and other treatment processes by allowing uninterrupted access to surgeons that will help them obtain pathological data that is critical in determining the serious conditions of patients. The network would also provide quick access to CT and MRI data on proton therapy.

    Last September, KT entered into roaming agreements with Italy’s TIM, Switzerland’s Sunrise, and Finland’s Elisa, allowing the company’s 5G subscribers to use the 5G networks provided by the three European operators. The Korean operator has standing agreements with operators in 185 countries for 3G and LTE roaming and now is extending those contracts to 5G as soon as 5G services go live in those countries.

    According to reports from the South Korean Ministry of Science and ICT, the country hit the milestone of four million 5G subscribers last December. As of October, the Ministry reported 3.98 million 5G subscribers in the country and in September, it said that 516,000 more people subscribed to the 5G services.

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  • AirAsia X Launches Kuala Lumpur – Taipei – Okinawa Flights

    AirAsia X Launches Kuala Lumpur – Taipei – Okinawa Flights

    AirAsia X has launched flights between Kuala Lumpur and Naha Airport in Okinawa, Japan.

    AirAsia will operate the flights, which will fly via Taipei, four times per week on Mondays, Wednesdays, Fridays and Sundays.

    Flight D7 384 is scheduled to leave KL at 07:35 and land in Taipei at 12:20. The aircraft then departs Taipei at 13:20, landing in Okinawa at 16:00.

    The return flight, D7 385, is timed to leave Naha Airport at 17:30 and land in Taipei at 18:10 before departing for KL at 19:10. The aircraft is scheduled to land back in KL at 00:05 the following day.

    AirAsia X Chairman, Tan Sri Rafidah Aziz, said, “With the addition of Okinawa, AirAsia X now flies to 35 destinations. Together with AirAsia Group, our combined fleet of over 250 aircraft can now connect Okinawa with over 150 destinations across ASEAN, Asia Pacific, the Middle East and the US.”

    Travelers from Kuala Lumpur to Okinawa Naha are not required to obtain a visa during their one-hour stopover in Taipei and may return to their seats after clearing a quick security check of their carry-on bags and inflight belongings.

    “As we begin to accept the delivery of the technologically-advanced Airbus A330neo aircraft later this year, the Group will continue to evaluate and consider launching exciting and viable new routes to destinations such as in Eastern Europe, within Asia and Australia. Such new routes, if viable, can accelerate domestic and regional tourism growth, especially in key markets with high demand,” added Tan Sri Rafidah.

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  • U.S. Senator Slams Tesla’s ‘Misleading’ Name For Autopilot Driver Assistance System

    U.S. Senator Slams Tesla’s ‘Misleading’ Name For Autopilot Driver Assistance System

    A U.S. senator on Friday urged Tesla Inc (TSLA.O) to rebrand its driver-assistance system Autopilot, saying it has “an inherently misleading name” and is subject to potentially dangerous misuse.

    But Tesla said in a letter that it had taken steps to ensure driver engagement with the system and enhance its safety features.

    The electric automaker introduced new warnings for red lights and stop signs last year “to minimize the potential risk of red light- or stop sign-running as a result of temporary driver inattention,” Tesla said in the letter.

    Senator Edward Markey said he believed the potential dangers of Autopilot can be overcome. But he called for “rebranding and remarketing the system to reduce misuse, as well as building back up driver monitoring tools that will make sure no one falls asleep at the wheel.”

    Markey’s comments came in a press release, with a copy of a Dec. 20 from Tesla addressing some of the Democratic senator’s concerns attached.

    Autopilot has been engaged in at least three Tesla vehicles involved in fatal U.S. crashes since 2016.

    Crashes involving Autopilot have raised questions about the driver-assistance system’s ability to detect hazards, especially stationary objects.

    There are mounting safety concerns globally about systems that can perform driving tasks for extended stretches of time with little or no human intervention, but which cannot completely replace human drivers.

    Markey cited videos of Tesla drivers who appeared to fall asleep behind the wheel while using Autopilot and others in which drivers said they could defeat safeguards by sticking a banana or water bottle in the steering wheel to make it appear they were in control of the vehicle.

    Tesla, in its letter, said its revisions to steering wheel monitoring meant that in most situations “a limp hand on the wheel from a sleepy driver will not work, nor will the coarse hand pressure of a person with impaired motor controls, such as a drunk driver.”

    It added that devices “marketed to trick Autopilot, may be able to trick the system for a short time, but generally not for an entire trip before Autopilot disengages.”

    Tesla also wrote that while videos like those cited by Markey showed “a few bad actors who are grossly abusing Autopilot” they represented only “a very small percentage of our customer base.”

    Earlier this month, the U.S. National Highway Traffic Safety Administration (NHTSA) said it was launching an investigation into a 14th crash involving Tesla in which it suspects Autopilot or other advanced driver assistance system was in use.

    NHTSA is probing a Dec. 29 fatal crash of a Model S Tesla in Gardena, California. In that incident, the vehicle exited the 91 Freeway, ran a red light and struck a 2006 Honda Civic, killing its two occupants.

    The National Transportation Safety Board will hold a Feb. 25 hearing to determine the probable cause of a 2018 fatal Tesla Autopilot crash in Mountain View, California.

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  • Suzuki Motor Will Respond To Dutch Emissions Probe By Mid-February

    Suzuki Motor Will Respond To Dutch Emissions Probe By Mid-February

    Japan’s Suzuki Moto is co-operating with the Dutch authorities over their findings its diesel vehicles had broken the country’s emissions rules, and it is required to respond to the investigation by mid-February, it said on Friday.

    The Dutch road authority ruled on Thursday that Suzuki’s Vitara and Fiat Chrysler’s Jeep Grand Cherokee diesel models broke emissions rules and must be fixed or face a ban on sales across Europe.

    In a statement, Suzuki said diesel versions of its Vitara and S-Cross vehicles used engines and emissions software supplied by Fiat Chrysler.

    The Dutch authorities said the vehicles in question, which are no longer in production, showed emissions levels higher than allowed following a software update in 2017, Suzuki said.

    Earlier this week, the German authorities said they were investigating Mitsubishi Motors Corp for suspected use of illegal, emissions defeat devices installed in its diesel engines.

    Regulators across the world have been clamping down on emissions devices used in diesel models since Volkswagen admitted in 2015 that it used illegal software to cheat U.S. emissions tests.

  • DHL Express Asia Pacific announces new appointments

    DHL Express Asia Pacific announces new appointments

    DHL Express Japan has appointed Tony Khan as president and representative director. With his new appointment, Khan also becomes a member of the management board of DHL Express Asia Pacific.

    Khan succeeds Taketo Yamakawa, who retired in December last year. Previously, Khan served as general manager of the DHL Express’ Central Asia hub, one of three global hubs in the division’s network. Khan was also previously vice president of operations at DHL Express Japan.

    Ken Lee, chief executive, DHL Express Asia Pacific, commented: “We are proud to have Khan lead the team and I am confident that his proven track record will further strengthen our position in Japan”.

    Khan added: “I look forward to building on the good work of my predecessor, developing trusted relationships with our customers, employees and society, and strengthening our market-leader position”.

    DHL Express has also named Chee Choong Ng as managing director of DHL Express Hong Kong and Macau.

    Ng, who successes Herbert Vongpusanachai, will be in charge of leading the strategic growth and managing overall operations in Hong Kong and Macau.

    Ng joined DHL Express in 2004 in a transportation manager role. His most recent position was vice president of operations in Hong Kong, in 2017.

    Lee explained: “Ng’s vast experience in the industry and knowledge of the competitive and strategically significant local market will contribute exponentially to the company’s growth.”

    Ng added: “I am honored to be able to lead such an amazing team, as we continue to improve our services while adapting to the evolving nature of our business”.

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  • Peugeot To Repatriate Staff From China’s Wuhan Area After Coronavirus Outbreak

    Peugeot To Repatriate Staff From China’s Wuhan Area After Coronavirus Outbreak

    French automotive group PSA, maker of the Peugeot and Citroen brands, said in a statement it will repatriate expat staff and their families from the Wuhan area in China, which is at the center of an outbreak of coronavirus.

    It said that 38 people would be evacuated and that the initiative will be executed in full collaboration with the Chinese authorities and the French general consulate.

    PSA said the evacuees will remain in quarantine in Changsha before traveling back to their home countries.

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  • Masan chairman opens up on Vincommerce merger

    Masan chairman opens up on Vincommerce merger

    Masan’s acquisition of a majority stake in Vingroup’s minimart chain was a “big step” to break into consumer retail, the group’s chairman says.

    The food conglomerate chose Vincommerce as an acquisition target because it had the largest retail platform by a number of points of sale and accounted for 25 percent of the modern retail market, Nguyen Dang Quang, Masan Chairman, told shareholders in a report Thursday.

    Vincommerce’s network of 2,600 VinMart supermarkets and VinMart+ convenience stores nationwide is also well placed to bring added value to MEAT Deli, Masan’s clean meat brand, he said.

    “Although not everyone agreed with the merger deal, with many saying that retail is a completely different playing field, for us it all starts with putting consumers first, and this is our strength.”

    Quang said new shopping experiences and the ability to serve customers anytime, anywhere was a basic consumer need now. So combining Vincommerce’s modern network and Masan’s 300,000 traditional points of sale across the country will help build a modern and seamless retail system to serve consumers, he added.

    Thursday was the first time the Masan chairman has opened up about the group’s merger deal with Vietnam’s biggest private conglomerate Vingroup last December, which saw it acquire an 83.74 percent stake in Vincommerce.

    Masan will set up a new entity that holds the majority stake in Vincommerce, and an 85.7 percent stake in Masan Consumer, Masan’s subsidiary which produces consumer goods. Masan will hold 70 percent of this entity, while Vingroup and other investors that previously held stakes in Vincommerce but transferred them to Masan, will own the remaining 30 percent.

    Masan Group plans to have the new entity break even on an EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) basis in 2020, but said it could close between 150-300 stores that are unable to break even or fail to meet traffic targets.

    MSN shares of Masan Group on the Ho Chi Minh Stock Exchange had plummeted to floor price upon news of the merger deal on December 3, and the stock had lost 22.6 percent at the time of writing.

    Several securities companies have said that although the merger deal is considered mutually beneficial to both parties in the long-run, investors are worried Masan’s short-term profitability will take a hit, as Vingroup’s retail business segment, mostly made up of Vinmart stores, has recorded losses for five consecutive years from 2014.

    The latest financial reports showed that the segment has gone on to lose VND2.52 trillion ($108.76 million) for Vingroup in the first six months of 2019.

    In a letter to Vincommerce employees in December, Vingroup had also said it will not hold a majority stake in the merged entity to focus resources on technology and industry.

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  • Lao Rugby Kicks of 2020 by Hosting the DHL Vientiane 10s

    Lao Rugby Kicks of 2020 by Hosting the DHL Vientiane 10s

    This story about the Vientiane 10s has been kindly provided by the Lao Rugby Federation Later this month rugby players and enthusiasts from Lao PDR, Vietnam, China, Singapore, Thailand, the United States, UK, and Australia will come together in Hanoi and Vientiane for the second consecutive DHL sponsored rugby 10s series.

    Formerly known as the Vientiane International Rugby Championship, the DHL Vientiane 10s is the LRF’s flagship competition. In 2019 the Lao Rugby Federation (LRF) partnered with neighboring Hanoi 10s to create a multi-tournament series spanning two weeks in January.4/

    The second year of the series will kick off in 2020 with a single-day tournament in Hanoi on 18 January and a multi-day tournament in Vientiane on 25-26 January. More than 20 local and international teams will compete in Men’s, Women’s, and U18 Girls and Boys contact competitions, as well as U13 tag rugby.

    In the largest year of the Hanoi 10s competition, 12 senior teams will participate in the men’s and women’s divisions joined by 8 U18s boys’ and girls’ teams from Vietnam’s newly-formed rugby clubs including Coui Ha Club, Hop Dong Club, Thong Tien Club, Nuong Dam Club, Kim Truy Club, and Du Sang Club. In the senior divisions, DAC Weredragons will be returning to the DHL Hanoi 10s to defend their Cup Championship.

    The Kim Boi Wild Cats, DAC Rejectors and Hanoi Dragons will also be returning in this year’s men’s division joined by tournament newcomers, Raw Dogs and Hanoi Ghost Dragons. In the women’s division, the Kim Boi Wild Cats will return for the second year of the tournament joined by five teams making their first appearance at the DHL Hanoi 10s including DAC Weredragons, Hanoi Barbarians, NUS Singapore and Alexandre Yersin.

    Three visiting international teams from DAC Weredragons will travel to Hanoi prior to the tournament in order to learn about and support the development of rugby in the country through participating in some activities with Vietnamese ChildFund Pass It Back teams.

    The ChildFund Pass It Back curriculum, which was piloted in rural Laos from 2012-2014, endeavors to help young people build knowledge and skills through rugby in topics like leadership, gender equity, future planning, safety and health.

    Today, more than 3,000 young players are registered and actively participating in the curriculum in Laos and over 1,000 in Vietnam.

    In addition to the action on the pitch, the Kim Boi Wild Cats from Hoa Binh Province in Northern Vietnam will be supporting most of the DHL Hanoi 10s tournament management.

    In the first year of the competition in Hanoi, the LRF was proud to send Lao staff to support in lead management roles for the largest 10s international competition held in Vietnam to date.

    This year, the LRF’s Vietnamese colleagues will be building on the skills they learned in 2019 and taking the reigns as match officials in the U18s competition and as senior first aid and technical leads in the senior competition.

    The LRF has been partnering with ChildFund Vietnam since 2015 to support rugby development in the country. Over the 5 years of the partnership, Lao Coaches have supported many exciting developments from the first international tag competition in 2017 through to the first women’s 15s match in 2019 where the Kim Boi Wild Cats faced off against the DAC Lao Nagas in a historic match in Hanoi.

    The Kim Boi Wild Cats are current or former ChildFund Pass It Back Coaches who have been developing their skills in rugby administration and leadership roles in their local community since 2015.

    This group of young Vietnamese leaders has recently registered their clubs with the Vietnamese government and now be applying their skills on the international stage as the DHL Hanoi 10s prepares for this record-breaking year.

    Following the excitement in Hanoi, the LRF will welcome 32 teams for the 14th year of the DHL Vientiane 10s on 25-26 January.

    Twelve men’s teams in the senior elite division will be bolstered by returning 2019 DHL Vientiane 10s Men’s Cup Champions, Royal Thai Police and include series competitors DAC Weredragons, Hanoi Dragons and Raw Dogs. The Lao Barbarians and Vientiane Buffalos will represent Laos in the men’s top division joined by the Royal Thai Navy, Bangkok Southerners, Bangkok Warriors, Changzhou Giants, DAC Rejectors and Regency.

    2019 DHL Vientiane 10s Women’s Cup Champions, the Vientiane Lions will return in the women’s senior division alongside the Vientiane Buffalettes and Xieng Khoung RFC from Laos.

    The returning Banger Belles will be joined by DAC Weredragons, Made in China and MSU Pretty Crabs, all of which will be competing in Vientiane for the first time in what promises to be an exciting women’s senior competition. Additionally, 8 U18s boys’ and girls’ teams will compete in the U18s division including Lao teams from the LRF’s newest clubs: the Vientiane Province Gold Crabs and the Kham District Golden Elephants.

    “Year after year the competition draws top University and Club teams from across the region for a weekend of rugby,” comments LRF President Mr. Virayouth Rathikoun. “This is set to be the biggest 10s series in the region to date and competition will be fierce.

    The LRF is proud to play a role in supporting not only a budding club scene in Laos, but also strong tournament administration and rugby development beyond our borders.”

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  • Bangladesh – DHL Express named Best Workplace in Asia for 2019

    Bangladesh – DHL Express named Best Workplace in Asia for 2019

    DHL Express, the world’s leading international express service provider, has been named the Best Workplace in Asia for 2019 by Great Place to Work (GPTW), the global people analytics and consulting firm are known for its annual Best Workplaces list.

    “We are extremely honored to be recognized as the leading employer and best-practice workplace in Asia Pacific,” said Ken Lee, CEO, DHL Express, Asia Pacific.

    “It is important that our employees are always motivated and engaged because they determine the success of our company. We treat our employees the way we would like them to treat our customers, by fostering a culture of authenticity, responsibility, dignity, performance, and results. This award is a testament to the passion and energy that each one of us brings with us to work every day to make DHL a special place to be.”

    DHL Express received GPTW’s prestigious award for the fourth time since 2016, naming it the Best Workplace in Asia in 2016 and 2017 as well as the runner-up in the same category in 2018. This year’s honor came amid positive recognition of its workplace culture across 15 countries and territories in Asia Pacific.

    DHL Express garnered commendable scores on both the Trust Index and the Culture Audit, which canvassed direct feedback from employees to determine workplace levels of fairness and equity, diversity and talent development.

    “DHL’s success as an organization hinges on the unique background, experiences, and perspectives that each of our employees brings. Our strength in respecting and empowering the individual ensures everyone works together as a tightly-integrated whole to strive for exceptional performance,” said Mateen Thiruselvaam, Senior Vice President, Human Resources, DHL Express, Asia Pacific.

    “Feedback mechanisms like the annual Employee Opinion Survey make sure that everyone is heard, and enable us to assess and fine-tune our culture so that we constantly reach toward and extend beyond our full potential.”

    In 2018, DHL won a total of 50 awards for its workplace culture, bringing the total number of awards won from 2014 to 192.

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  • Swisspartners Opens Office in Singapore

    Swisspartners Opens Office in Singapore

    The Firm has been fully licensed as a trust company by the Singapore Monetary Authority (MAS) since 2010 and is located in the heart of the central business district at 1 George Street, according to further information.

    The board of Swisspartners Marcuard Trust (Singapore) consists of Dorothy Yeo, Evelyn Tay, David Sykes, and Robin Graetz. The firm has a team of professionals based in Singapore. It consists of trust and corporate professionals as well as compliance specialists who speak Mandarin, English, and Italian.

    Asia is important for the trust group to complement our offering in Europe, including our longstanding operations at Swisspartners Marcuard Heritage in Zurich and SPMH (Cyprus) in Larnaca, which was established in 2018, a spokesperson said.

    The company provides wealth planning and wealth structuring, using a variety of tools including trusts, foundations, companies, life insurance, and private label funds. «We continue to see a demand for relocation and residency services from individuals in the region and further afield, and our team is well placed to assist those looking to take up residence in Singapore, the spokesperson further said.

    Singapore is the gateway to Asia and is well placed to benefit from the growing wealth of entrepreneurs in the region who now require wealth planning and wealth structuring. Wealthy individuals and their families are concerned about the preservation of their wealth and wish to ensure that it is safeguarded not just for the next generation but for future generations as well. The growth of the Chinese economy has also spurred growth in other countries in the region and this wealth is looking for a safe home.

    Swisspartners was founded in 1993. Today, it is one of the largest financial service providers in Switzerland and growing internationally. The group’s approximately 120 employees serve discerning private clients from around the world from offices in Zurich, Geneva, Vaduz, and Feldkirch.

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  • Ooredoo Myanmar prioritises CSP via donation to non-profit organization

    Ooredoo Myanmar prioritises CSP via donation to non-profit organization

    “This is a remarkable event for Ooredoo Myanmar and we are very glad to have the opportunity to help the community that we work in. We have set out our Corporate Social Responsibility efforts to help promote the need for the health and education sector. We, as a responsible business, strive to help close the gap of demands for these two sectors. Daw Khin Kyi Foundation is an outstanding exemplary when it comes social works. We are hereby acknowledging their efforts and lending a helping hand with ways we can contribute,” said U Tint Naing Htut, Head of Corporate Communications Ooredoo Myanmar.

    The donated vehicles are well equipped with extensive electrical, plumbing and furniture such as air-conditioning and heating systems, patient attendance seats, storage cabinet, folding work table, work-light, wash hand basin and 110/220V electrical inverter system. It also has an intercom system for communications and medical equipment required for the Emergency Response Unit. Daw Khin Kyi Foundation plans to use the vehicles to respond to medical emergencies and humanitarian assistance works in Myanmar.

    Ooredoo Myanmar believes that immediate medical and humanitarian assistance should be inclusive regardless of ethnicity, race or religion. Daw Khin Kyi Foundation also works towards the same goal by reaching out and providing assistance where and when necessary. They believe that improvement in one place at a time creates a better future for all.

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  • Telenor Group welcomes new leadership for Asian divisions

    Telenor Group welcomes new leadership for Asian divisions

    Sharad Mehrotra, CEO of Telenor Myanmar, has been appointed the new CEO of dtac, Telenor Group’s mobile operator in Thailand. He replaces Alexandra Reich, who is seeking new leadership opportunities. Hans Martin Hoegh Henrichsen, currently Chief Corporate Affairs Officer in Telenor Myanmar, will become acting CEO after Mehrotra. Grameenphone’s Deputy CEO and CMO, Yasir Azman has been appointed the new CEO of the Bangladeshi operation, with current CEO Michael Foley relocating to Africa, where his family is based.

    “After leading our Thai mobile operator through a challenging transition including new spectrum and network rollout and a renewed focus on customer satisfaction and distribution excellence, Alexandra Reich has delivered solid results according to the back-to-growth strategy outlined in dtac’s Capital Markets Day in June 2019. We are grateful to Reich for her willingness to step in and support dtac in the very important transformational phase, and we wish her all the best in her next leadership role. With Reich seeking new opportunities, we are pleased that Sharad Mehrotra will join dtac and bring valuable insights and knowledge to Thailand from Myanmar and India, where he has managed a strong commercial turnaround,” says Sigve Brekke, President and CEO of Telenor Group.

    “I am also pleased Yasir Azman has accepted the challenge to lead our operations in Bangladesh. While also serving as deputy CEO, he has run one of our best performing sales and distribution organizations in Telenor Group. Having risen through the ranks, it’s extra special to welcome Azman as the first home-grown CEO of Grameenphone. I’d like to take this opportunity to thank Michael Foley for leading the company through an impressive digital transformation as well as his valuable contributions also in Pakistan and Bulgaria,” adds Brekke.

    The changes are effective as of 1st February 2020.

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