Tag: health

  • Body Shop Malaysia and Vietnam operator to list

    Body Shop Malaysia and Vietnam operator to list

    The retailer and distributor of The Body Shop products in Malaysia since 1984 has yet to fix the issue price and the opening and closing dates of the IPO. But local news reports have suggested the IPO may raise up to MYR200 million (US$48.6 million).

    InNature has indicated plans to use any IPO proceeds for capital expenditure, working capital and new business development.

    The firm has 89 locations in Malaysia and 26 in Vietnam, including online platforms. It plans to enter Cambodia later this year.

  • Apple offers tool for diabetics that integrates with its Health app

    Apple offers tool for diabetics that integrates with its Health app

    Apple has long been rumored to be working on a way for the Apple Watch to noninvasively monitor the blood glucose levels of its users. This reading is used by diabetics to determine how much insulin they need to take before eating and usually requires a finger stick to draw blood. Such a feature for Apple’s wearable could be years away. The company has been working on becoming a major presence in the health care industry, and CEO Tim Cook says that health care will be Apple’s “greatest contribution to mankind.” With that in mind, some Apple Stores have begun to sell a blood glucose reader (called a glucometer) that syncs with the iPhone, the Apple Watch and the Apple Health app.

    The One Drop glucometer, priced at $69.95, features an iPhone app and a separate Apple Watch app. The meter itself takes the data from the blood drawn by the diabetic and sends it to the One Drop app where it is integrated with Apple’s Health app. The latter will allow diabetics to see their blood glucose data and associated analytics. There is also a subscription service that delivers test strips to users of the device. Each test requires the insertion of one strip into the glucometer.

    “I believe that Apple’s perspective on consumerized, data-driven self-care is where the industry is going to be pulled to, versus the expensive, bureaucratic, not-data driven current healthcare system. Our ability to align ourselves with that, and help drive that story, is what we see as the benefit of working with Apple.”-Jeff Dachis, CEO One Drop. The One Drop app also comes with the option of purchasing additional coaching to help users manage their diabetes. Those purchasing the One Drop glucometer will receive one free year of coaching from a certified diabetes educator. And unlike most glucometers, One Drop looks like an expensive consumer electronic device. One Drop CEO, Jeff Dachis, said that the product was created to “create a sense of love and delight” when using the product. “We share a design philosophy (with Apple)” Dachis said. “We want our products and services to be beautiful so people like them. You don’t hear the word ‘beautiful’ often in the healthcare space.”

    Perhaps someday the Apple Watch will instantly give blood glucose readings to diabetics by tapping on the screen. But until then, a device like the One Drop glucometer can be purchased and used along with the Apple Health app to help diabetics better control their disease. There are also a number of iOS apps that will track blood glucose readings, but none come with the actual glucometer required to produce those readings.

    Apple’s health initiative currently revolves around its smartwatch. The Apple Watch Series 4 offers a heart rate monitor and an electrocardiogram (ECG) sensor. The latter looks for an abnormal heart rate that could be a sign of Atrial fibrillation or AFib. This condition can lead to blood clots, strokes, and death. The watch also has a fall detector that is automatically enabled for owners of the device aged 65 or older. If the owner of the watch falls, the watch senses this, taps the user’s wrist and sounds an alarm. The user can then use the watch to contact emergency services or dismiss the alarm. If the watch determines that the user is not moving after about a minute, it will call 911 itself and send a message to the watch owner’s emergency contacts; that message indicates that the user has suffered a hard fall and includes the location of the injured party. These features have already saved the lives of several Apple Watch wearers.

  • Perfect Shape Medical sales soar on network expansion

    Perfect Shape Medical sales soar on network expansion

    Hong Kong-headquartered Perfect Shape Medical has reported a 32 per cent increase in sales to HK$1.197 billion in the year to March.

    Profit for the company soared 64 per cent to $319 million.

    The company says the improved sales were in part due to the expansion of its network of new medical concept stores. Under the Perfect Shape brand, the company operates slimming and beauty services and sells slimming and beauty products in Hong Kong, Macau and Mainland China.

    Sales in Hong Kong rose 49 per cent to $879 million thanks to an increased spend per customer and the opening of new medical beauty concept stores.

    “As the group continues to grow, it has been closely examining the market trends,” the company said in its results statement. “To cater for different preferences of its customers, the group provided non-invasive medical beauty services to meet customers’ needs. The group has a first-mover advantage and positioned itself as a market leader in non-invasive medical beauty services in Hong Kong.”

    Revenue of $318 million from Mainland China and Macau contributed 27 per cent of the group’s total revenue. The group operates direct service centres in four mainland cities – Beijing, Shanghai, Guangzhou and Shenzhen – and in Macau. Its top-end centres can be found in prestigious shopping malls located in areas regularly frequented by high-end customers.

  • Shakey’s Pizza Asia Ventures acquires Restaurants

    Shakey’s Pizza Asia Ventures acquires Restaurants

    Shakey’s Pizza Asia Ventures has fully acquired local Philippines restaurant chain Peri-Peri Charcoal Chicken.

    The firm has also recently signed a memorandum of understanding to buy artisanal pizza brand Project Pie, including all assets and intellectual property. The brand was previously owned by Shakey’s parent firm Century Pacific Group and Singaporean sovereign wealth fund GIC.

    As of June 1, Shakey’s is now the owner-operator of all Peri Peri stores owned by the company, as well as brand owner and franchisor of the remaining outlets.

    Peri-Peri now has 23 locations throughout the Philippines.

  • Sigma chairman Resigns after remuneration protest

    Sigma chairman Resigns after remuneration protest

    Brian Jamieson, chairman of Sigma Healthcare, has said he intends to step down within the next 12 months after shareholders protested the remuneration report at Sigma’s annual general meeting on Wednesday.

    Shareholders delivered an 18 percent vote against the report during the meeting, while also opting to re-elect Jamieson, as well as David Manuel, as directors.

    The vote signalled shareholders’ frustration over Sigma’s decision to reject a takeover offer by rival healthcare business Australian Pharmaceutical Industries, as well as a protest against the remuneration report itself, which included bonuses for board members in a year that has seen Sigma’s share price fall from 80 cents per share in June 2018 to 53 cents per share.

    “This has been a defining year for Sigma,” Jamieson told shareholders at the business’s AGM.

    Over the course of the year, Sigma walked away from a supply contract with Chemist Warehouse Group, causing a major fall in the business’s share price hasn’t been recovered.

    Sigma also walked away from the proposed merger with API, which Jamieson told shareholders was “somewhat opportunistic, with Sigma at its most vulnerable” after dropping the Chemist Warehouse Group supply contract.

    “To agree to proceed may have been the easy decision, but our detailed analysis supported our view that it was not the right decision for mid to long-term shareholder value,” Jamieson said.

  • Indonesia’s Kimia Farma eyes Growth into Vietnam

    Indonesia’s Kimia Farma eyes Growth into Vietnam

    Indonesian state-owned pharmaceuticals firm Kimia Farma is considering expanding into Vietnam by acquiring a local company. The firm recently invested US$10.26 million in a Saudi Arabian firm, purchasing 60 percent of its shares and renaming it as Kimia Farma Dawaa.

    It is currently investigating Vietnamese regulations to discover whether or not it can own a majority stake in a local firm, a critical factor in securing its investment.

    “It depends on the regulation in the country,” said Kimia Farma finance director IGN Suharta Wijaya. “It the regulation is okay, we will enter the country this year.”

    “If the sales of each Kimia Farma outlet in the country is IDR1.5 billion ($104,877) per month, [the sales of an outlet of the Vietnamese company] could be IDR4 billion per month,” Wijaya added.

    Investment in the pharmaceutical industry is stepping up in Vietnam, with the announcement last week that Vietnam-focussed private equity firm Mekong Capital has issued funding to pharmacy chain Pharmacity.

    With 186 outlets retailing both traditional Vietnamese and Western medicines, Pharmacity is the country’s most widespread network of pharmaceutical products stores, with 1 million subscribers to its loyalty program. The firm is targeting 1000 outlets in Vietnam within two years.

    Reportedly, Kimia Farma is seeking to buy a chain with 400 outlets nationwide.

  • Government to recommend vaping as healthier

    Government to recommend vaping as healthier

    The New Zealand Government is set to publicly recommend that Kiwis seeking to quit tobacco could use vaping as a healthier alternative, with a media campaign set to begin in August.

    While the New Zealand Ministry for Health website notes it “does not have enough evidence to recommend vaping products confidently as a smoking-cessation tool”, a spokesperson confirmed that vaping is intended to be a safe gateway for those who wish to give up cigarettes.

    “There is a scientific consensus that vaping is significantly less harmful than smoking,” the spokesperson said.

    “It is likely vaping can also be used to stop smoking but the evidence is still emerging. A number of large studies are underway and more information will be available over the next year.”

    The campaign is also set to limit access to vaping devices for non-smokers, especially the under-age, while also focusing on Māori women – who have been shown to have the highest smoking rate in the country at 32.5 percent.

    The shift in thinking is likely to assist with the Government’s ‘Smoke-free 2025’ target.

  • SK-II brings Future X Smart Store to Singapore

    SK-II brings Future X Smart Store to Singapore

    Japanese beauty brand SK-II has partnered with The Shilla Duty-Free to bring Future X Smart Store to Changi airport. According to SK-II, the smart store merges the latest digital technology with in-store experience to deliver “a convenient and pressure-free shopping experience”.

    “Travellers from all over the world now have the chance to experience the brand’s unique physical retail concept, merging the latest digital technologies with in-store elements to provide travelers with a convenient and pressure-free way to shop for skincare,” the brand said in a statement.

    The store consists of physical features such as the Discovery Bar, smart product scan and ‘Skincare GPS’ that help time-conscious travelers locate, learn about and buy SK-II products in the shortest time possible.

    At the Discovery Bar, consumers will learn more about SK-II’s range of skincare products at the touch of a button.

    The smart product scan tool uses advanced image-recognition technology to help customers locate products quickly. By scanning the SK-II product images they download to their mobile devices, travelers will be directed to the location of their desired product.

    The Skincare GPS facility lights up the location of the product on the store shelf to make it quicker and easier for shoppers to find items.

    The smart store is a part of SK-II’s foray into retail innovation “and the start of a global transformation to connect with a new generation of consumers who are yearning for more meaningful experiences with the brands”, the company said.

    SK-II has launched Future X Smart Stores in Tokyo, Shanghai, and Singapore.

  • New Zealand introduces groundbreaking zero carbon bill

    New Zealand introduces groundbreaking zero carbon bill

    New Zealand’s long-awaited zero carbon bill will create sweeping changes to the management of emissions, setting a global benchmark with ambitious reduction targets for all major greenhouse gases.

    The bill includes two separate targets – one for the long-lived greenhouse gases carbon dioxide and nitrous oxide, and another target specifically for biogenic methane, produced by livestock and landfill waste.

    Launching the bill, Prime Minister Jacinda Ardern said, “carbon dioxide is the most important thing we need to tackle – that’s why we’ve taken a net zero carbon approach. Agriculture is incredibly important to New Zealand, but it also needs to be part of the solution. That is why we have listened to science and also heard the industry and created a specific target for biogenic methane.”

    The Climate Change Response (Zero Carbon) Amendment Bill will:

    • Create a target of reducing all greenhouse gases, except biogenic methane, to net zero by 2050
    • Create a separate target to reduce emissions of biogenic methane by 10% by 2030, and 24-47% by 2050 (relative to 2017 levels)
    • Establish a new, independent climate commission to provide emissions budgets, expert advice, and monitoring to help keep successive governments on track
    • Require the government to implement policies for climate change risk assessment, a national adaptation plan, and progress reporting on the implementation of the plan.

    Bringing in agriculture

    Preparing the bill has been a lengthy process. The government was committed to working with its coalition partners and also with the opposition National Party, to ensure the bill’s long-term viability. A consultation process in 2018 yielded 15,000 submissions, more than 90% of which asked for an advisory, independent climate commission, provision for adapting to the effects of climate change and a target of net zero by 2050 for all gasses.

    Throughout this period there has been a discussion of the role and responsibility of agriculture, which contributes 48% of New Zealand’s total greenhouse gas emissions. This is an important issue not just for New Zealand and all agricultural nations, but for world food supply.

    Ministry for the Environment, CC BY-ND
    Another critical question involved forestry. Pathways to net zero involve planting a lot of trees, but this is a short-term solution with only partly understood consequences. Recently, the Parliamentary Commissioner for the Environment suggested an approach in which forestry could offset only agricultural, non-fossil emissions.

    Now we know how the government has threaded its way between these difficult choices.

    Separate targets for different gases

    In signing the Paris Agreement, New Zealand agreed to hold the increase in the global average temperature to well below 2°C and to make efforts to limit it to 1.5°C. The bill is guided by the latest Intergovernmental Panel on Climate Change (IPCC) report, which details three pathways to limit warming to 1.5°C. All of them involve significant reductions in agricultural methane (by 23%-69% by 2050).

    Farmers will be pleased with the “two baskets” approach, in which biogenic methane is treated differently from other gasses. But the bill does require total biogenic emissions to fall. They cannot be offset by planting trees. The climate commission, once established, and the minister will have to come up with policies that actually reduce emissions.

    In the short term, that will likely involve decisions about livestock stocking rates: retiring the least profitable sheep and beef farms, and improving efficiency in the dairy industry with fewer animals but increased productivity on the remaining land. Longer-term options include methane inhibitors, selective breeding, and a possible methane vaccine.

    Net zero by 2050 on all other gasses, including offsetting by forestry, is still an ambitious target. New Zealand’s emissions rose sharply in 2017 and effective mechanisms to phase out fossil fuels are not yet in place. It is likely that with protests in Auckland over a local 10 cents a liter fuel tax – albeit brought in to fund public transport and not as a carbon tax per se – the government may be feeling they have to tread delicately here.

    But the bill requires real action. The first carbon budget will cover 2022-2025. Work to strengthen New Zealand’s Emissions Trading Scheme is already underway and will likely involve a falling cap on emissions that will raise the carbon price, currently capped at NZ$25.

    In an initial reaction to the bill, the National Party welcomed all aspects of it except the 24-47% reduction target for methane, which they believe should have been left to the climate commission. Coalition partner New Zealand First is talking up their contribution and how they had the agriculture sector’s interests at heart.

    While climate activist groups welcomed the bill, Greenpeace criticized the bill for not being legally enforceable and described the 10% cut in methane as “miserly”. The youth action group Generation Zero, one of the first to call for zero carbon legislation, is understandably delighted. Even so, they say the law does not match the urgency of the crisis. And it’s true that since the bill was first mooted, we have seen a stronger sense of urgency, from the Extinction Rebellion to Greta Thunberg to the UK parliament’s declaration of a climate emergency.

    New Zealand’s bill is a pioneering effort to respond in detail to the 1.5ºC target and to base a national plan around the science reported by the IPCC.

    Many other countries are in the process of setting and strengthening targets. Ireland’s Parliamentary Joint Committee on Climate recently recommended adopting a target of net zero for all gasses by 2050. Scotland will strengthen its target to net zero carbon dioxide and methane by 2040 and net-zero all gasses by 2045. Less than a week after this announcement, the Scottish government dropped plans to cut air departure fees.

    One country that has set specific goals for agricultural methane is Uruguay, with a target of reducing emissions per kilogram of beef by 33%-46% by 2030. In the countries mentioned above, not so different from New Zealand, agriculture produces 35%, 23%, and 55% of emissions, respectively.

    New Zealand has learned from processes that have worked elsewhere, notably the UK’s Climate Change Commission, which attempts to balance science, public involvement and the sovereignty of parliament. Perhaps our present experience in balancing the demands of different interest groups and economic sectors, with diverse mitigation opportunities and costs, can now help others.

  • Connected wearable shipments to hit 239m in 2023

    Connected wearable shipments to hit 239m in 2023

    Global shipments of connected wearables are forecast to grow from 116.8 million units in 2018 to reach 238.5 million units in 2023, representing a CAGR of 15.4%, according to research firm Berg Insights.

    Bluetooth will remain the primary connectivity option in the coming years.

    A total of 67.7 million of the wearables sold in 2023 are forecast to incorporate embedded cellular connectivity, mainly in the smartwatch and telecare and medical device categories.

    The connected fitness & activity tracker segment is led by China’s Xiaomi, which has been successful with its Mi Band fitness tracker. Fitbit, a pioneer in the segment, is still also among the largest vendors in the segment along with Huawei and Garmin.

    In 2018, shipments of connected fitness & activity tracker reached 65 million units.

    This product category is now facing fierce competition from smartwatches that in most cases include activity tracking features. Apple entered the connected wearables market in the second quarter of 2015 and quickly became the leading smartwatch vendor.

    In 2018, Apple accounted for almost half of the total 45.5 million smartwatches sold during the year.

    “Apple continues to hold a firm grip on the smartwatch market and is at the forefront of innovation in the industry,” says Martin Bäckman, IoT Analyst at Berg Insight. The competition has responded with increasingly capable and attractive devices from Wear OS vendors including Fossil, LG, and Huawei as well as from vendors betting on other platforms such as Fitbit and Samsung.

    The smartwatch segment is expected to surpass fitness & activity trackers and become the largest device category within wearable technology in terms of shipments in 2021.

    “Technology advancements, increased consumer awareness and wide availability of devices in different price segments will enable smartwatches to reach shipments of 117.7 million units in 2023,” concludes Bäckman.

    Sales of smart glasses and head-mounted displays have so far been modest, but promising use cases in professional markets as well as in niche consumer markets will enable it to become a sizeable connected wearable device category in the next five years.

    A number of vendors including Daqri, ODG, Epson, Google, Microsoft, Kopin and Vuzix are active in the segment. Standalone VR headsets from companies such as Oculus and HTC aimed for the consumer market are gaining traction and accounted for a large share of the total 1.5 million devices shipped in the segment during 2018.

    Berg Insight forecasts that shipments of smart glasses and head-mounted displays will reach 11.9 million units by 2023.

    Annual shipments of medical devices and mobile telecare/mPERS devices are forecast to grow from 1.8 million devices in 2018 to 6.9 million devices in 2023. The segment includes wearables such as cardiac rhythm management devices, ECG monitors and mobile telecare devices.

    Finally, annual shipments of wearables not covered by the above product categories such as authentication and gestures devices, smart rings, wrist-worn computers and scanners, smart jewelry and connected prosthetics are predicted to grow from 3.0 million units in 2018 to reach 13.0 million units in 2023.

  • Fast-food chain Jollibee Plans China Rollout

    Fast-food chain Jollibee Plans China Rollout

    Filipino fast food chain Jollibee may open its first location in China within the next five years.

    The firm already has a presence in the territory, where it operates the Dunkin’ Donuts franchise. It also operates eight stores in Hong Kong.

    JFC president and CEO Ernesto Tanmantiong told that the firm is currently looking for a location where there is a high Filipino population, with a view to attracting the local market afterwards.

    “We build the base and slowly cross over to the mainstream market, which is the local market,” said Tanmantiong. “We have done that successfully in Hong Kong and in Singapore.”

    The firm took legal action against a copycat restaurant in China, JoyRulBee, earlier this year.

    Jollibee will open its first store in Rome and Spain shortly while exploring other markets.

  • Decathlon Vietnam opens it’s Very first Store

    Decathlon Vietnam opens it’s Very first Store

    Decathlon Vietnam has opened its first store, at Vincom Mega Mall Royal City in Hanoi. Located on level B1, the store spans 4300sqm, offering more than 14,000 items covering 70 sports for all levels of player.

    Prices meet the market for local customers, such as a VND63,000 (US$3) backpack, or a US$10 tennis racquet.

    Customers can also test products designed for activities like hiking, jogging or basketball at the store before making a purchase.

    “We want our customers to feel satisfied when choosing Decathlon,” said Manu Pirenne, Decathlon Vietnam’s Hanoi CEO.

    “We are willing to exchange to new products or refund if our customers are not satisfied, within six months. Decathlon also has an at least two-year warranty on all products.”

    The second store which spans 2600sqm will be opened in Ho Chi Minh City on May 25, at Aeon Tan Phu.

    Decathlon Vietnam launched as an online-only store, with several Collect Points located in Ho Chi Minh City and Hanoi.

    To cut the prices, the company has set up its factory in Thai Binh province, and partnered with more than 100 retailers and brands.

    Established in 1976, the France-based sports retailer now has 1513 stores in 53 countries.

    It opened the largest store in Singapore earlier this year.

  • Google launches its health-tracking app For Iphones

    Google launches its health-tracking app For Iphones

    Google Fit, the health-tracking app that made its debut on Android four years ago, has now been released on iOS. The app has gone through multiple overhauls since its launch back in 2014, but the last major update released last year made it extremely simply to use.

    Starting today, iOS users will be able to track their Heart Points and Move Minutes, the best way to build smarter, healthier habits throughout the day. Google Fit awards users so-called Move Minutes and Heart Points the more they move and the more intensely they move. Based on the scores, you’ll be closer to reach the recommended amount of weekly physical activity and reap the health benefits.

    It’s purely motivational, but very helpful if you’re trying to exercise but don’t find the courage to do it regularly. More importantly, Google Fit allows users to track their progress throughout the day using various apps.

    For example, app connected to Apple Health, such as Sleep Cycle, Nike Run Club and Headspace, can be synced with Google Fit to offer a more holistic view of your health. You’ll also be able to see how many Heart Points and Move Minutes you earn through other activities.

    Moreover, if own an Apple Watch as well, Google Fit will keep track of all your workout sessions too. Just don’t forget to check the app’s journal to see what you need to do to sleep better and get more active. You can download Google Fit for iOS right now via the App Store.

  • Google launches its health-tracking app for Iphone Users

    Google launches its health-tracking app for Iphone Users

    Google Fit, the health-tracking app that made its debut on Android four years ago, has now been released on iOS. The app has gone through multiple overhauls since its launch back in 2014, but the last major update released last year made it extremely simply to use.

    Starting today, iOS users will be able to track their Heart Points and Move Minutes, the best way to build smarter, healthier habits throughout the day. Google Fit awards users so-called Move Minutes and Heart Points the more they move and the more intensely they move. Based on the scores, you’ll be closer to reach the recommended amount of weekly physical activity and reap the health benefits.

    It’s purely motivational, but very helpful if you’re trying to exercise but don’t find the courage to do it regularly. More importantly, Google Fit allows users to track their progress throughout the day using various apps.

    For example, app connected to Apple Health, such as Sleep Cycle, Nike Run Club and Headspace, can be synced with Google Fit to offer a more holistic view of your health. You’ll also be able to see how many Heart Points and Move Minutes you earn through other activities.

    Moreover, if own an Apple Watch as well, Google Fit will keep track of all your workout sessions too. Just don’t forget to check the app’s journal to see what you need to do to sleep better and get more active. You can download Google Fit for iOS right now via the App Store.

  • Three arrested at Mong Kok ginseng store

    Three arrested at Mong Kok ginseng store

    Hong Kong Customs officers have arrested three Mong Kok ginseng store staff, charging them with making false representations.

    Hong Kong Customs officers have arrested three Mong Kok ginseng store staff, charging them with making false representations during the sale of American ginseng.

    Their actions allegedly contravened the Trade Descriptions Ordinance (TDO) and if found guilty they face a maximum penalty of a $500,000 fine and imprisonment for five years.

    Customs were acting on a tip-off alleging salesmen of a ginseng and dried seafood shop in Mong Kok used a gift to attract a customer and further claimed that American ginseng was being sold at a specific price. After the goods were sliced, the salesmen revealed that the American ginseng was priced per tael. The price was 16 times different from expected.

    After investigation, Customs officers arrested three men, aged between 27 and 42, two of them directors of the company and the other a salesperson.

    Investigations are ongoing and the arrested men have been released on bail pending further investigation.

    A Customs spokesperson says inspections and enforcement will be stepped up ahead of the coming of the Labour Day Golden Week period.

    “Customs reminds traders to comply with the requirements of the TDO and consumers to purchase products from reputable shops,” the spokesperson said.

    “Consumers should also be cautious about the unit price and ask for more information, including the total price of the goods selected, before making a purchase decision.”