BEST'S COMMENTARY: LOSSES FROM SUPER TYPHOON NANMADOL EXPECTED TO BE MANAGEABLE FOR JAPAN INSURERS29/9/2022 HONG KONG, Sept 27 (Bernama-BUSINESS WIRE) -- Given Super Typhoon Nanmadol’s reduced strength upon landfall and the parts of Japan affected, AM Best expects insured losses to be manageable for Japan’s non-life insurers.
In its Best’s Commentary, “Manageable Impact of Super Typhoon Nanmadol on Insured Losses,” AM Best states that large insurers in Japan are well-capitalized and their comprehensive reinsurance programs will protect them from a significant impact on capital. If insured losses are not high from the event, which mainly affected the agriculture-heavy island of Kyushu, the amount of losses passed to reinsurers may not be significant. However, secondary perils such as hurricane-induced flooding, storm surges and landslides are not modeled to the same extent as primary perils, and loss creep was an issue for insurers after 2018’s Typhoon Jebi. Nevertheless, some of the necessary conditions leading to loss creep a few years ago may not necessarily apply given some of the initiatives major insurers have implemented in recent years. mrem.bernama.com/viewsm.php?idm=44274
0 Comments
KUALA LUMPUR, Sept 28 (Bernama) -- It is great news for Druce - the international sales agency of Grand Marina, Saigon and The Ritz-Carlton Residences, Hanoi.
Both developed by Masterise Homes with services provided by Marriott International, the two projects have seen strong buyer interest from Asian and European markets, according to a statement. This is not the first time Vietnam attracted foreign buyers in the branded residence sector. In 2021, Masterise Homes partnered with Asia Bankers’ Club to launch Grand Marina, Saigon in Hong Kong which also had great sales results amidst the global pandemic. These continuous successes highlight the great demand for investment properties in Vietnam and the confidence international buyers have for residences affiliated with Marriott International brands. The dual – branded Grand Marina, Saigon brings to Ho Chi Minh City’s coveted District 1 branded units from two Marriott International brands – JW Marriott and Marriott. Overlooking the northern banks of the Saigon River, this trophy asset fuses uncompromising quality and world-class Italian fitouts complemented by the dedicated services and signature amenities from JW Marriott and Marriott. In 2021, Marriott International’s milestone branded residential project - Grand Marina, Saigon signified international confidence in the country’s strong fundamentals – and its significance on the global real estate map. As Marriott announced plans to expand its portfolio fourfold in Vietnam over the next few years, it continues its vote of confidence in both Vietnam’s positive economic development and the branded residence sector. -- BERNAMA GRADIANT EARNS TOP RANKINGS IN THE REAL LEADERS ECO INNOVATION AND GREAT PLACE TO WORK AWARDS28/9/2022 BOSTON, Sept 27 (Bernama-BUSINESS WIRE) -- Gradiant, a global solutions provider and developer for cleantech water, was named 7th in the world in the Real Leaders ECO Innovation Awards 2022 for companies creating positive environmental impact, and received a Great Place to Work award for its Singapore regional headquarters and Global Technology Labs.
“Our awards from Real Leaders and Great Place to Work are a testament to the innovation culture and sustainability impact of Gradiant,” said Anurag Bajpayee, Co-Founder and CEO of Gradiant. “The culture of Gradiant is inspiring, and I couldn’t be prouder of our team for achieving this international recognition. This status reaffirms our position as an employer of choice, creating differentiation and a positive work experience for our teams across the world. We look forward to furthering our workplace culture and employee experience efforts using the data from the Great Place to Work survey.” The Real Leaders ECO Innovation award honors companies applying innovative environmental solutions for the greater good. It is an annual global ranking of companies that drive environmental impact in all major sectors of the economy. Gradiant ranked 7th in the world for its proprietary Carrier Gas Extraction (CGE) technology that was used to deliver sustainable water solutions for a Fortune 500 pharmaceutical brand owner in Singapore. Gradiant’s CGE process effectively mimics the rain cycle to treat industrial wastewater using thermodynamic processes and resulted in a 96% water recovery rate and up to 30% capital expenditures and 40% operating cost savings compared to competitor technologies. Gradiant Singapore was named a Great Place to Work for 2022 to 2023, chosen from anonymous employee surveys. Great Place to Work is an independent research and consulting firm, and its certification process considers more than 60 elements of the overall job experience. Eighty percent (80%) of employees at Gradiant say it's a great place to work, compared to only 53% of employees at a typical Global company. Eighty-eight percent (88%) of employees said they felt a sense of pride in their work, and 86% believe management is honest and ethical in its business practices. “Our company was built with the purpose of solving the world’s most important water challenges,” said Prakash Govindan, Co-Founder and COO of Gradiant. “Singapore is our regional headquarters and home to our Global Technology Labs, a one-of-its-kind in the industry where our engineers rapidly translate innovations from bench-scale to commercialization. We are honored to have our innovation culture recognized in these awards and remain committed to fostering a work environment in which team members partner with our customers to do the best work of their lives. Thriving employees increase business performance and create market-leading customer experiences.” Gradiant, a 2022 “Water Technology Company of the Year” by Global Water Intelligence, is growing its teams throughout its global offices. Open positions may be found at Gradiant’s Careers page. About Gradiant Gradiant is a global solutions provider and developer of cleantech water projects for advanced water and wastewater treatment. With a full suite of differentiated and proprietary end-to-end solutions, powered by the top minds in water, Gradiant serves its clients’ mission-critical operations in the world’s essential industries. Gradiant was founded at the Massachusetts Institute of Technology (MIT) and is uniquely positioned to address the world’s increasing challenges created by industrialization, population growth, and water stress. Today, with over 450 employees, Gradiant operates from its global headquarters in Boston, regional headquarters and global technology labs in Singapore, and offices across twelve countries. For more information, please visit www.gradiant.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20220907005081/en/ Contact Corporate: Felix Wang Gradiant, VP of Marketing [email protected] Source : Gradiant --BERNAMA KUALA LUMPUR, Sept 27 (Bernama) -- As Asia races to expand its variable renewable energy generation, more integration of generation, transmission and distribution technologies will be required to balance electric grids, enhance energy security and reach decarbonisation goals.
“Rising demands from intensive power users like data centres and the electrification of transportation are increasing the load burden and profiles on Asia’s grid,” said Black & Veatch’s Executive Vice President & Managing Director, Asia Pacific, Narsingh Chaudhary. “The electric industry can accelerate Asia’s energy transition by deploying existing and emerging decarbonisation, hydrogen, renewable and energy storage solutions.” According to the Black & Veatch 2022 Asia Electric Report, senior industry executives viewed the integration of renewable energy into grid systems as the biggest challenge facing Asia’s electric industry. One in four industry respondents revealed they were not confident in the performance and resilience of their transmission and distribution systems. Additionally, top threats to providing reliable service to customers were cited as underinvestment in transmission and insufficient energy storage. According to a statement, approximately half of survey respondents said they believed that over the next five years there would be “more investment” in gas or LNG-to-power facilities combined with carbon capture. Meanwhile, separately, 46 per cent of respondents believed gas-fired generation would remain an important part of the grid beyond 2035. Black & Veatch is a 100-per cent employee-owned global engineering, procurement, consulting and construction company with a more than 100-year track record of innovation in sustainable infrastructure. -- BERNAMA KUALA LUMPUR, Sept 28 (Bernama) -- Hitachi Metals Ltd (the Company) announced it has been resolved at the board of directors’ meeting that the Company’s trade name be changed.
The above-stated change of trade name will be made on the condition that the takeover bid by K.K. BCJ-52 for which a public release was issued, is carried out successfully, and a subsequent range of procedures necessary for the change of the trade name, including partial revision of the Articles of Incorporation, are completed. According to a statement, the new trade name is Proterial Ltd. The Company has its origin in Hitachi Ltd, which was founded in 1910, and was spun off into an independent company in 1956. Since its original foundation, the Company has grown by providing the society with many unique products developed with its high technological capabilities. After a successful implementation of the Takeover Bid, the Company will accelerate its efforts toward further reform and growth in cooperation with the new capital partner, aiming to become a company “leading sustainability by high performance.” Taking an opportunity afforded by the planned capital reorganisation, a step for its second independence, the Company will change its name to one befitting the new start for growth. Thinking behind the company name, “Proterial” reflects the essence of its corporate philosophy, which consists of three elements, namely Mission; Vision; and Values. It combines “pro-” with the word “material.” “Pro-” represents its “three pros”: Professional; Progressive; and, Proactive, while “Material” refers to the high-performance materials that its original technologies produce and which underpin the three pros. The trade name of the Company’s group companies whose current name includes “Hitachi” will be changed on Jan 4, 2023 in principle. However, some will be changed by Jan 3, 2023 when appropriate, or later than Jan 5, 2023. -- BERNAMA |
Archives
April 2023
|