KUALA LUMPUR, May 30 (Bernama) -- AmBank Group through its sports club, Kelab AmBank Group (KAG) treated 100 underprivileged children from Sekolah Kebangsaan Batu Sembilan, Cheras to a Hari Raya shopping programme on Wednesday, 15 May 2019 followed by a Buka Puasa event hosted by its Chairman, Tan Sri Azman Hashim on Friday, 17 May 2019.
In keeping with the spirit of Ramadan, AmBank Group’s main objective for organising this annual charity event is to bring festive cheer to the children. The 100 children consisting 51 boys and 49 girls, aged between seven to 12 years old, were ushered to Mydin Wholesale Hypermarket in USJ, Subang Jaya to shop for their new Baju Melayu and Baju Kurung. The Buka Puasa hosted by Tan Sri Azman Hashim, Chairman, AmBank Group together with the Senior Management and AmBank Group staff was held at Dewan Perdana Felda, Kuala Lumpur. “This is one activity which we look forward to every year in the holy month of Ramadan, as it enables us to contribute to the less fortunate, in line with the Islamic teachings of caring, self-discipline, sacrifice and sympathy to the less fortunate,” said Dato’ Sulaiman Mohd Tahir, Group Chief Executive Officer, AmBank Group who is also the Advisor of Kelab AmBank Group. “We are delighted to have the children of Sekolah Kebangsaan Batu Sembilan, Cheras joining us for this wonderful occasion. Their presence certainly makes this Ramadan a more meaningful and joyous occasion for them and us, AmBankers,” he added. This programme falls under the AmKasih Programme which is the platform for the Group’s Corporate Social Responsibility (CSR) sustainable development initiatives. The AmKasih Programme focuses on “reaching out to the community” and serves as an umbrella for all AmBank Group’s CSR efforts to help the community. AmBank Group continuously plays a CSR role for the community at large, irrespective of race, creed or religion as we contribute to the sustainable development of the community within which we operate. This approach has been and will continue to be the mainstay in our approach to community care programmes. A project such as this helps to meet our objective to play an effective corporate role as a socially responsible corporate citizen. The treat for the children is part of AmBank Group’s all-year round charity programme. The Group has always striven to play a significant role in contributing to society at large through initiatives such as these. In the past, many charity organisations have benefited from AmBank Group’s corporate social responsibility programmes. About AmBank Group AMMB Holdings Berhad is the holding company of AmBank Group and has been listed on the Main Market of Bursa Malaysia since 1988. It is the sixth-largest banking group by assets in Malaysia, with a market capitalisation of around RM11.6 billion and assets of RM137.9 billion at 31 March 2018. AmBank Group is one of Malaysia’s premier financial solutions groups with over 43 years of experience in supporting Malaysians in their economic development. AmBank Group offers a wide range of both conventional and Islamic financial solutions and services, including wholesale banking, retail banking, investment banking, underwriting of general insurance, life assurance and takaful, stock and share broking, futures broking, investment advisory and management services in assets, real estate investment trust and unit trusts. The Australia and New Zealand Banking Group (ANZ) is the biggest shareholder in the AmBank Group with a 23.8% holding and provides support with Board and senior management representation, risk and financial governance, product offerings and new business developments. In the general insurance business, the Group has partnered with Insurance Australia Group Ltd (IAG). In the life assurance and family takaful businesses, the Group has a partnership with MetLife International Holdings Inc (MetLife). The Group benefits in terms of expertise transfer from IAG and MetLife. For more information, please visit www.ambankgroup.com SOURCE : AmBank Group
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KUALA LUMPUR, May 29 (Bernama) -- The Malaysian Institute of Certified Public Accountants (MICPA) has appointed Dr Veerinderjeet Singh as president and Datuk Gan Ah Tee as vice-president for the 2019-2021 term.
MICPA, in a statement today, said Dr Veerinderjeet was elected to the MICPA Council in 2004 and he is currently non-executive chairman of Axcelasia Inc. He also sits on the boards of Malaysian Rating Corporation Bhd, AmBank (M) Bhd and UMW Holdings Bhd. Dr Veerinderjeet has more than 30 years of experience in the fields of accounting and taxation and has served in the Inland Revenue Department, University of Malaya, Arthur Andersen and Ernst & Young. Meanwhile, MICPA said Gan, who was elected to the MICPA Council in 2008, is currently the managing partner of BDO in Malaysia and regional senior partner of BDO in ASEAN. He has more than 35 years of experience in auditing, accounting and financial advisory. He is the past president of Insolvency Practitioners Association of Malaysia (IPAM) and a council member of the Institute of Chartered Accountants in England and Wales, representing ASEAN, and a member of the Worshipful Company of Chartered Accountants in England and Wales. -- BERNAMA Hoxworth Blood Center (Cincinnati, OH) has implemented the Biolog Transfusion®, an RFID Blood Supply Management solution in order to better track the flow of platelets concentrates and red blood cell concentrates.
ATLANTA, May 29 (Bernama-BUSINESS WIRE) -- The Biolog-id solution was first implemented in 2018 to focus on the distribution and inventory management of Platelet Concentrates (PCs) between the Blood Center and 4 hospitals located nearby. In 2019, it is also covering the Phenotyped Red Blood Cell Concentrates (RBCs) managed by the Hoxworth Blood Center’s Immunohematology Reference Laboratory (IRL). The laboratory provides testing and consultation to assist hospitals in solving patients’ red blood cell serological problems. The implementation of the Biolog-Transfusion® in Hoxworth Blood Center ensures the availability of platelets concentrates and their on-time delivery while reducing the risk of wastage by implementing a safe return of unused products and more particularly to reduce the transportation costs from the Blood Center to the hospitals, control the shelf life of the remote platelets stock sitting in the hospitals, allow the unused products to return and be reassigned in a timely manner before expiration, reduce wastage of products overall, improve accuracy and documentation of inventory and better comply with regulatory requirements. “As of today, we are satisfied with the BIOLOG-ID solution for platelets as well as their professional and committing team” says Jose A. Cancelas, Director of Hoxworth Blood Center. Extension on the overall blood product production and supply is under consideration by Hoxworth Blood Center. About Hoxworth Blood Center Hoxworth Blood Center is a public institution belonging to the University of Cincinnati (OH). Hoxworth Blood Center collects ~90,000 donations per year and serves more than 30 hospitals and healthcare centers in the States of Ohio, Indiana and Kentucky. About Biolog-id Biolog-id has developed a patended smart solution for the management and traceability of sensitive health products, based on RFID technology: blood products, plasma for fractionation and chemotherapy. Biolog-id operates in North America, Europe, Middle East, India and Asia Pacific region and has 90 employees worldwide. Biolod-id is owned by its founder, managers and the Xerys Funds www.biolog-id.com View source version on businesswire.com: https://www.businesswire.com/news/home/20190528005212/en/ Contact Amit Mayer +1 404 953 3169 [email protected] Source : Biolog-id SINGAPORE, May 29 (Bernama-BUSINESS WIRE) -- AM Best is maintaining a negative market segment outlook on India’s non-life insurance market, supported by key factors that include continued reliance on realized and unrealized investments gains to offset technical losses, potential short-term disruption from regulatory enhancements and persistently competitive and underperforming core business lines of motor and agriculture.
As detailed in a new Best’s Market Segment Report, titled “Market Segment Outlook: India Non-Life Insurance,” India’s non-life insurers have been one of the main beneficiaries of the country’s fast-growing economy, and the industry has seen a substantial increase in insurable risks, largely driven by compulsory agriculture insurance. However, heavy competition and cumbersome regulatory hurdles for product development hinder technical performance, with most companies relying on strong investment income derived from the exceptional performance of Indian equities, which have shown sustained outperformance relative to global indices. The market’s combined ratios has fluctuated between 110 and 125 over the past five years, and most insurers have become dependent on investment income to generate profitability. The sustainability of such earnings may put the long-term viability of many insurers into question. Motor insurance, which consists of own damage and third-party liability (TPL), continues to dominate the non-life insurance market, generating about 40% of premium volumes. Market results indicate that the segment’s incurred loss ratio has improved over time. However, the size of the reserves for this line relative to capital remains very significant. Although insurers have strengthened reserves in recent years, concerns about the prudency and potential for tail development remain, given that some claims may get caught up in India’s slow-moving court system. Unfavorable reserve adjustments have the potential to significantly impact current performance and capital even more so, given the lack of profitability in many other lines. A mandatory crop insurance scheme, launched in 2016 to provide insurance coverage to farmers, has provide a premium boost to non-life insurers, catapulting agriculture premiums to INR20.6 billion in fiscal-year 2017 from INR5.3 billion in fiscal-year 2016. However, the scheme recently has come under criticism due to volatile loss ratios given the wide variances between the country’s two main cropping seasons, as well as reported numerous delays on claims settlements. Despite the negative outlook, AM Best recognizes that some non-life insurers still may experience growth. The profitability and capital strength of companies that demonstrate sound risk management practices and disciplined underwriting likely are to improve steadily. To access the full copy of this market segment report, please visit http://www3.ambest.com/bestweek/purchase.asp?record_code=285783. AM Best is a global rating agency and information provider with a unique focus on the insurance industry. Visit www.ambest.com for more information. Copyright © 2019 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED. View source version on businesswire.com: https://www.businesswire.com/news/home/20190528005661/en/ Contact Myles Gould Associate Director, Analytics +65 6303 5020 [email protected] Mahesh Mistry Senior Director, Analytics +44 20 7397 0325 [email protected] Christopher Sharkey Manager, Public Relations +1 908 439 2200, ext. 5159 [email protected] Jim Peavy Director, Public Relations +1 908 439 2200, ext. 5644 [email protected] Source : AM Best KUALA LUMPUR, May 27 (Bernama) -- The China International Big Data Industry Expo 2019 kicked off on May 26 at Guiyang in China's Guizhou Province, a bellwether occasion to learn about the latest developments of the global big data sector.
Themed ‘data creates value, innovation drives the future’, the four-day expo was the fifth consecutive year that Guiyang, also known as ‘China's Big Data Valley’, held the event. China President Xi Jinping said the country attached great importance to the development of the big data industry and was willing to share opportunities of the digital economy's development with other countries. “The country will also jointly explore new growth drivers and development paths by exploring new technologies, business forms and models,” he said. The world's first national-level expo on big data featured speeches from global heavyweights including Nobel Prize winner in economics, Paul Romer, and Turing Award winner, Whitfield Diffie. Compared with last year, the number of participating countries and Fortune 500 companies increased from 29 to 59, and from 15 to 39, respectively. Meanwhile, the number of exhibitors rose from 388 to 448, among which the number of foreign exhibitors surged from 56 to 156, making the highest number and level of guests ever. -- BERNAMA |
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