SHAH ALAM, April 29 (Bernama) -- The Selangor State Development Corporation (PKNS) is committed to produce a generation of young entrepreneurs through the Tunas Niaga (Protune) programme and Entrepreneurial Pilot programme that have been carried out since 1998. PKNS chief executive officer Noraida Mohd Yusof said the programme to make entrepreneurship as a culture among primary and secondary school students was provided by PKNS under the supervision of the Entrepreneur Development Division. "Such programmes aims to provide exposure on the actual business environment and opportunities to students to gain experience in directly interacting and communicating with the buyers," he told reporters after officiating the Protune and PPU sales promotion programme here today. The four-day programme, which began on Thursday until tomorrow, is organised by KNS jointly with the Selangor Education Department. It is attended by 192 students from 50 primary and secondary schools throughout Selangor. Noraida said since its inception until last year, 20,650 students and 1,652 counselling teachers had taken part in the Protune programme. "For the PPU programme, introduced since 2007, 120 students have participated in it, among others, involves the sale of products in schools, PPU camp and sales promotion undertaken to nurture an interest in entrepreneurship among primary school students. Noraida added PKNS also provided entrepreneurship programmes for various ages such as those that catered to graduates and contractors. -- BERNAMA
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SINGAPORE, April 28 (Bernama-BUSINESS WIRE) -- A.M. Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” of National Reinsurance Corporation of the Philippines (NRCP) (Philippines). The outlook of these Credit Ratings (ratings) remains negative.
The ratings reflect NRCP’s strong risk-adjusted capitalization and low net underwriting leverage. NRCP’s risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR), is supported by its low underwriting leverage. NRCP has low premium retention and cedes a significant portion of risk to a panel of highly rated retrocessionaires. http://mrem.bernama.com/viewsm.php?idm=29000 TAIPEI, Taiwan, April 27 (Bernama-GLOBE NEWSWIRE) -- On April 25th, 2017, after preparation and trial operation for two months, the EOS Singapore flagship store celebrates her grand opening in thunderous applause.
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/5df7b17d-367a-4da0-a548-0f7c0d775b97 Mr. Ben Yang, the chief representative of Asian marketing, EOS Inc., right after his trip from Nanning where three EOS flagship stores signed for their opening, pleasantly flew to attend this great opening ceremony in Singapore. On the opening banquet held by the president of Singapore EOS VENTURE flagship store, Mr. Phew Ngiap Cheow, over 200 guests and most of the elite leaders from EOS sales channel all over the world got together like a great family reunion. Mr. Phew Ngiap Cheow said in his welcoming speech, “We are proud of our beauty care, health care, and environment care products from EOS for their high quality and their value to customers. As long as we keep continuous efforts, we can create a business miracle in Singapore.” The attending guests, including Mr. Huang Yuan-Cheng, the chief education officer of Taiwan EOS Weijue System, Mr. Li Wen-Fu, the representative of Malaysia EOS Dealers, Miss Guo Li-Zhen, the director of EOS Inc. U.S.A., and Miss Cai Wen-Xia, the representative of EOS Dealers Group in China, all came afar to Singapore to congratulate the opening with warmly acclaims. mrem.bernama.com/viewsm.php?idm=28992 Cyber protection seen as a critical component of new open source edge computing framework
HANNOVER, Germany, April 25 (Bernama-GLOBE NEWSWIRE) -- HANNOVER MESSE -- Bayshore Networks, the leading provider of cyber protection for industrial infrastructure, announced that it is a founding member of EdgeX Foundry, which launched today. Hosted by The Linux Foundation, EdgeX Foundry is an open source project to build a common open framework for Internet of Things (IoT) edge computing. EdgeX Foundry will create an ecosystem of interoperable components that unifies the marketplace and accelerates secure enterprise and industrial IoT solutions that can be easily scaled. “Secure edge computing has emerged as a complicated but critical element driving the realization of industrial IoT,” said Ram Boreda, VP Product Management at Bayshore Networks. “Bayshore is partnering with Yokogawa, along with Foghorn, Telit, and Microsoft in developing their innovative Industrial IoT architecture, where cyber protection is proving critical. We believe EdgeX Foundry can become a catalyst for even further innovation in industrial markets, by simplifying interconnection of edge devices, and are thrilled to contribute our cyber protection expertise to this new open-source initiative as a founding member.” "Our goal is to accelerate enterprise IoT deployments by delivering interoperability at the edge through a common open framework,” said Philip DesAutels, Senior Director of IoT with The Linux Foundation. “We are so excited to have Bayshore Networks as a member to help us grow the EdgeX ecosystem and build a secure framework that benefits the entire IoT community." The announcement was made at Hannover Messe, the world’s leading industrial event, being held this week in Hannover, Germany. Bayshore’s Industrial Cyber Protection Platform and EdgeX will be on display in their respective kiosks at the Industrial Internet Consortium Pavilion (Hall 8, Stand C24). Additionally, Bayshore executives will present throughout the week in Hall 8, Stand D19. SINGAPORE, April 27 (Bernama-BUSINESS WIRE) -- The Philippine non-life industry experienced another year of solid premium growth in 2016, with gross and net premiums growing faster than the overall economy. However, this growth was likely not supported by sufficient net profitability or capital growth, according to a new A.M. Best briefing, and net underwriting margins remain thin for a catastrophe-exposed market like the Philippines.
The Best’s Briefing, titled, “The Challenges of Balancing Growth With Profitability,” states that the average four-year net combined ratio (2012-2015) of a sample group of eight non-life insurers was 102.9. While higher pricing to incorporate a larger allowance for catastrophe claims could lead to positive average net underwriting results over a longer period, competitive constraints make this hard to implement. Moreover, as expense ratios dominate the net combined ratio in the Philippines, realizing efficiencies will likely play an important role in achieving improvements in net underwriting margins. While overall net profits from 2012 to 2015 were positive and relatively stable, they were insufficient to strengthen risk-based capital. Return on equity (ROE) averaged only 3.6% during this period and lagged behind growth in premiums, indicating that the insurers’ capital generation capability failed to match the growth in insurance risk. As of 2015, risk-based capital was estimated to have remained below the levels in 2012, the year before Super Typhoon Yolanda hit the Philippines. A temporary fall in risk-based capital after a catastrophe is not unusual, but strong insurers would be able to restore their risk-based capital. However, this was not evident for the sample group between 2012 and 2015 as low net profitability impeded capital growth. To access the full copy of this briefing, please visit http://www3.ambest.com/bestweek/purchase.asp?record_code=260719. A.M. Best is the world’s oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com. Copyright © 2017 by A.M. Best Rating Services, Inc. ALL RIGHTS RESERVED. Contacts A.M. Best Chi-Yeung Lok Associate Director +65 6589 8400, ext. 211 [email protected] or Christopher Sharkey Manager, Public Relations +1 908 439 2200, ext. 5159 [email protected] or Jim Peavy Director, Public Relations +1 908 439 2200, ext. 5644 [email protected] Source: A.M. Best |
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