KUALA LUMPUR, Feb 23 (Bernama) -- Cradlepoint has demonstrated application-based traffic steering into two carrier-defined network slices on its fixed wireless and in-vehicle 5G enterprise networking solutions at Australian carrier, Optus’ Tech Day.
Using Cradlepoint 5G routers at the wide area network (WAN) edge and leveraging Optus’s 5G standalone live network based on Ericsson’s 5G Core and radio access network (RAN) with network slicing capability enabled, this was the world’s first demonstration of dual network slicing for businesses using a live production network. According to Cradlepoint in a statement, the demonstration showed how carriers can create different network slices, each with its own performance characteristics and security rules, to uniquely support the different types of applications businesses rely on. Cradlepoint senior vice president, Nathan McGregor said the ever-evolving capabilities of 5G connectivity are such an exciting part of network infrastructure today. “This was a strong example of how Cradlepoint and Ericsson are working together to deliver solutions that will help carriers monetise their 5G infrastructure investment and facilitate the transition to 5G as essential WAN connectivity,” he said. Meanwhile, Head of Ericsson Global Customer Unit, Singtel, Martin Wiktorin said: “Network slicing is a key enabler for unlocking opportunities through service differentiation and guaranteed performance. “Using an end-to-end approach, Ericsson has developed the most complete network slicing portfolio including 5G Core and 5G RAN Slicing with quality of service differentiation for automated and fast service delivery of new and innovative 5G use cases,” Wiktorin added. The demonstration showed premium and default slices, with the ability to recognise, classify and steer corporate applications into the correct slice. Cradlepoint, the global leader in cloud-delivered LTE and 5G wireless network solutions is headquartered in Boise, Idaho, United States with international offices in Asia Pacific, Canada, Europe, India and Latin America. -- BERNAMA
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KUALA LUMPUR, Feb 24 (Bernama) -- Western Union and Beforepay announced a first-of-its-kind collaboration, allowing consumers to boost their cross-border money transfers by accessing reliable, ethical and affordable short-term lending.
According to Western Union in a statement, consumers can ‘Send Now, Pay Later’ by borrowing up to A$2,000 through Beforepay’s wage-advance product on Western Union’s digital channels. (A$1=RM3.02) “Western Union’s mission is to make financial services accessible to people everywhere. Our collaboration with Beforepay is another step towards achieving this mission, giving customers the opportunity to access additional funds as they send money to families and communities. “We are excited about the positive impact it can have for consumers, as they proactively look for convenient options to meet their financial needs,” said Western Union Regional Vice President of Australia, New Zealand and the Pacific Islands, Gregory Laurent. Exclusive insights from Western Union research show that as many as 44 per cent of Australia’s consumers would like to have the choice to ‘Send Now, Pay Later’ when transferring money worldwide. By accessing Beforepay’s wage-advance product via Western Union’s mobile app and website, customers will be able to increase how much they transfer. Registration to access the additional funds can be completed within minutes and once issued, can be repaid in multiple installments. International money transfers through Western Union can be sent to over 200 countries and territories. The announcement reinforces Western Union’s ‘Evolve 2025’ strategy to combine high-value, accessible retail and digital financial services in which the company is committed to helping people worldwide who aspire to build financial futures for themselves, their loved ones and their communities. -- BERNAMA Supply chain stakeholders cite customer service, labor shortages and transportation costs as top concerns going into 2023
CHICAGO, Feb 23 (Bernama-GLOBE NEWSWIRE) -- After a tumultuous three years for global supply chains, ocean freight stakeholders are under pressure from shifting economic conditions, geopolitical influences and labor challenges going into 2023. That’s according to a new survey released today by leading real-time supply chain visibility provider FourKites. The survey polled over 350 supply chain professionals to shed light on the top issues facing the ocean shipping industry. The survey revealed that the past few years of supply chain disruptions — including COVID-19, market volatility, global political conflict, material shortages and extreme weather events — have driven 73% of respondents to invest in supply chain visibility, with 46% planning to invest more in 2023. “Shippers and other players in the supply chain ecosystem are getting smarter about allocations by tapping into more reliable and real-time data, instead of guessing,” said industry expert Chris Stauber, Founder of VentureSoftPM. “They want to know, for instance, what the risk-versus-reward will be for going to an extra port or country to move their containers, or for shifting from one supplier to three for raw supplies. Additional investment is required to get better data, but the value of that data brings a huge reduction in risk.” mrem.bernama.com/viewsm.php?idm=45476 PETALING JAYA, Feb 24 (Bernama) -- Malaysia’s Budget 2023 allocation, which has been revised upward to RM388.1 billion, was tabled by the Prime Minister and Finance Minister YAB Datuk Seri Anwar Ibrahim at 4.00pm today. According to Mr. Soh Lian Seng, Head of Tax at KPMG in Malaysia, the proposals were anchored clearly along the Malaysia Madani policy framework that aims to strengthen Malaysia’s fiscal and economic position. Key initiatives that are of particular interest include: SVDP 2.0 Following the success of the Special Voluntary Disclosure Program (SVDP 1.0) introduced by the Pakatan Harapan government in 2018, this unity government has taken a smart move to reintroduce SVDP 2.0 as a means of collecting additional tax revenue. A total of 286,482 taxpayers participated in the SVDP 1.0, bringing in an additional RM7.877 billion of taxes to the government’s coffers that time. With SVDP 2.0 providing a full penalty waiver to voluntary participants (compared to a 10-15% penalty in SVDP 1.0), the take-up rate should far exceed that of SVDP 1.0., and we can expect SVDP 2.0 to collect more than RM10 billion. This potential is conditional to the full mechanism yet to be revealed, for example: will participants of SVDP 2.0 reap the same benefits whereby LHDN will not carry out audit and investigation on their companies for the years involved? Will SVDP 2.0 be akin to an amnesty? We will have to wait and see. Luxury goods tax The act of taxing luxury goods (such as watches, fashion products) is a clear approach to tax high net-worth individuals. This practice is in line with other countries; for example, Singapore imposed this tax on luxury cars, while China imposed 60% import tariff on luxury goods. Capital gains tax There is a strong signal of an impending implementation of capital gains tax from 2024, which is now under study by the government in line with international best practices. Generally, gains on capital assets are not subject to tax, except for gains arising from the disposal of real property situated in Malaysia which is subject to real property gains tax up to 30%. In Asia, only Malaysia, Singapore and Hong Kong have yet to impose capital gains tax – for the main reason that most of the income are derived from trading. This will have wide implications, pending details of the mechanism that will be in place; if imposed, this will be a significant revenue stream for the government. For more insights, visit www.kpmg.com.my/budget2023 SOURCE : KPMG in Malaysia KUALA LUMPUR, Feb 22 (Bernama) -- DataMesh Group, a full-suite developer of interoperable, proprietary payments-processing, has secured A$30 million in an oversubscribed Series A funding round to execute on large-scale domestic opportunities as well as expanding its footprint in the high growth payments processing industry. (A$1 = RM3.02) “This investment is an overwhelming endorsement of the strength of our business model and unique payments solution. “We have raised this capital despite global economic headwinds which is testament to the quality, confidence and strength of our business proposition,” said DataMesh Chief Executive Officer, Mark Nagy in a statement. The round was led by return investor NAB Ventures and featured significant first time capital from Deutsche Bank's corporate headquarters in Frankfurt along with 1835i Ventures, ANZ's external innovation and venture capital (VC) arm. Other investors included institutional VC funds, Family Offices and significant High Net Worth (HNW) individuals as well as a range of major existing investors, with the transaction managed by Allunga Advisory. The funds will be used to execute on multiple payment infrastructure deals which will see DataMesh deploy its world leading solutions internationally via Deutsche Bank and in Australia with NAB, which is already piloting the technology with a select group of merchant customers. The group is revolutionising the payments sector through its Unify system which has been specifically designed to meet the evolving needs of banks, processors, payment networks and merchants. Since its inception in 2018, DataMesh has matured into an established payment solutions provider, doubling its headcount over the last six months and expanding its portfolio of acquiring banks and merchants. More details at https://www.datameshgroup.com/ -- BERNAMA |
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