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HONG KONG SAR - Media OutReach Newswire - 13 May 2024 - Designed to update and equip the wealth management industry and financial advisors with essential tools to better serve high net worth individuals, Hubbis, in collaboration with Transamerica Life (Bermuda) Ltd. (TLB), has released the 2024 edition of the "Guide to HNW Life Insurance – a Practical Handbook for Financial Advisors". This comprehensive guide offers a wealth of knowledge and practical insights aimed at enhancing the advisory capabilities in the niche field of high-net-worth (HNW) life insurance. The latest edition of the guide provides an expansive look into the varied and complex aspects of life insurance planning for HNW individuals. It covers a broad range of topics, from personal protection needs and estate planning to business protection and philanthropic planning. The guide is part of TLB's Mastering High Net Worth (MHNW) programme, which has been instrumental in delivering cutting-edge resources to advisors catering to an affluent clientele. Chirag Rathod, CEO of TLB, stated: "We are delighted to continue our partnership with Hubbis in providing this vital resource. The economic landscape is continuously evolving, and with it, the needs of HNW individuals. This guide is designed to help advisors navigate through these complexities and offer solutions that are not only effective but also forward-thinking." Adding to the significance of the guide, Michael Stanhope, CEO of Hubbis, remarked: "Our collaboration with TLB enables us to merge our expertise in offering professional development solutions curated especially for the wealth management industry with their deep insights into the life insurance needs of HNW individuals. This guide is more than just a resource; it is a roadmap that empowers advisors to foster stronger, more informed relationships with their clients." The 2024 guide includes new sections reflecting the latest market changes, including discussions on digital tools and ESG investing, which align with the evolving priorities of HNW individuals. The handbook is structured to assist advisors in understanding the critical dimensions of HNW life insurance and applying these concepts in practice to better meet their clients' needs. Jeremy Young, Chief Commercial Officer of TLB, emphasized the importance of the guide in today's market context. "With the global economic shifts and the increasing demand for bespoke financial solutions, as well as the expanding needs for robust estate and succession planning, our guide serves as an essential reference that supports financial professionals and the wealth management industry at large. We are committed to helping enhance the proficiency of advisors, empowering them to more effectively safeguard their clients' wealth for today and for their future generations." The "Guide to HNW Life Insurance" is now available on Hubbis and will be used in ongoing training and development for the wealth management industry through the Hubbis 'Wealtra' platform, the only learning service provider dedicated to offering comprehensive professional development solutions to the private wealth management industry. Hashtag: #TransamericaLifeBermudaThe issuer is solely responsible for the content of this announcement.About Transamerica Life (Bermuda) Ltd. (TLB): Transamerica Life (Bermuda) Ltd. (TLB) is a recognised leading HNW life insurance provider with extensive expertise in all aspects of HNW wealth protection, including handling large sums assured and complex cases supporting legacy and business planning. The Transamerica heritage began in 1928 as Transamerica Corporation, has been rooted in Asia for over 90 years and a pioneer in managing universal life portfolios from over 40 years ago. TLB was awarded an "Outstanding Responsible Insurer (2021)" award and a "Best-in-Class (2021)" award for its Universal Life Alpha product at the 12th Benchmark Wealth Management Awards in Hong Kong. TLB is part of the Aegon Group, an international financial services holding company with an ambition to build leading businesses that offer their customers investment, protection, and retirement solutions. Further information about TLB is available here: www.transamericalifebermuda.com.
SINGAPORE, May 13, 2024 /PRNewswire/ -- SCG Cell Therapy Pte Ltd (SCG), a clinical-stage biotechnology company developing novel immunotherapies for infectious diseases and their associated cancers, announced first preclinical data of its novel human papillomavirus (HPV)-specific T cell receptor-engineered T (TCR T) cell therapy armored with an TGFβRII-41BB immunoswitch – SCG142 – in an oral presentation at the American Society of Gene & Cell Therapy (ASGCT) Annual Meeting in Baltimore, Maryland. In preclinical studies, SCG142 demonstrated superior CD8+ and CD4+ TCR T cell proliferation and tumor inhibition both in-vitro and in-vivo compared to conventional TCR T without immunoswitch, including tumor rechallenge models. Importantly, SCG142 functionality is CD8 co-receptor independent, transferring desired effector functions also to CD4+ T cells and promoting longer persistence and improved proliferation of T cells. In addition, SCG142 exhibited high functional avidity and can recognize both genotypes HPV-16 and HPV-52, with a favorable safety profile with no alloreactivity or off-target toxicity in relevant toxicology models. "SCG142 is a novel and differentiated HPV-specific TCR T cell therapy with preclinical efficacy in various tumor types with expression of HPV-16- and HPV-52 genotypes. We're excited to demonstrate that armoring the TCR-T cells with the chimeric switch receptor didn´t change the favorable safety profile but helped to overcome the immune inhibitory signal of TGF-β, which can be crucial for effective treatment of solid tumors", said Dr. Susanne Wilde, Head of Preclinical Research of SCG Cell Therapy. "These promising results underscore the potential of SCG142 to provide new solutions for patients in a variety of HPV-16- and HPV-52 expressing cancers. Based on these encouraging data, we are eagerly advancing SCG142 towards clinical trials", she added. About SCG142SCG142, an autologous HPV-specific TCR T cell therapy holding the promise as the best-in-class product. Utilizing SCG's proprietary GianTCRTM technology, high affinity and high avidity natural TCRs can be isolated to target against intracellular antigens presented through major histocompatibility complex (MHC) in solid tumors. Study results showed that SCG142, a fully natural HPV specific TCR armoured with chimeric switch receptor, has the potential to specially target HPV-16 and HPV-52-positive tumor cells in various HPV-related tumor types, generating CD8 co-receptor independent T cell functionality and sustained anti-tur activity. About Human Papillomavirus and CancersHuman papillomavirus (HPV) infection is the most common sexually transmitted infection. Nearly all sexually active people are infected with HPV and around half of these infections occur with a high-risk HPV type, which can lead to cancer development.1 As such, HPV infection accounts for more than 90% of anal and cervical cancers, about 70% of vaginal and vulvar cancers, and 60% of penile and oropharyngeal cancers, and it causes an estimated 630,000 cancers worldwide each year2x. About SCG Cell TherapySCG is a leading biotechnology company focusing on the development of novel immunotherapies in infections and its associated cancers. The company targets the most common cancer-causing infections: helicobacter pylori, HPV, HBV and EBV, and develops a broad and unique pipeline of TCR-based cellular immunotherapy products against infection- associated cancers. With the proprietary GianTCRTM TCR screening platform, in house viral vector production and AutoCellTM, a fully closed and automatic cell therapy manufacturing system, the company covers the entire value chain from new target research and discovery, manufacturing, and clinical development. For more information about SCG, please visit us at www.scgcell.com. [1] HPV and cancer. National Cancer Institute. (2023, October 18)[2] Basic information about HPV and cancer. Centers for Disease Control and Prevent (2023, September 12)
BANGKOK, THAILAND - Media OutReach Newswire - 13 May 2024 - The Head of Transparency Thailand Foundation (TTF) points out Thailand must reform the justice system and improve outdated or obstructive laws, while also reducing the use of discretion by the government sector to counter corruption. She also suggests that "NACC and Thai people" stop paying much concern to the results of the Corruption Perceptions Index (CPI), unveiling that an organizer has some limitations in scoring. In an exclusive interview with the Integrity Way, a team of the Office of Thailand's National Anti-Corruption Commission (NACC) in recent days, Mrs. Juree Vichit-Vadakan, Chairperson of Transparency Thailand Foundation highlights that corruption problems have affected the development of each country in particularly on the economic sector. Obviously, it has been seen in the investment sector as investors will consider how easy or difficult it is to do business in that country based on a chance for corruption. Investors will consider whether they need to pay a bribe or not. If it is found that a country has complicated regulations and each agency can ask for bribes, it will become a hidden cost. Those are considered crucial reasons for whether or not they should invest in each country. Chairperson of the Transparency Thailand Foundation elaborates that when focusing on the corruption situation in Thailand on prevention and suppression, there are more efforts to help lessen the problem. For example, during the past several years the National Anti-Corruption Commission (NACC) demonstrated good performance in counter-corruption efforts. However, the general public may not be aware of the in-depth information. Yet, people who had followed the movements could acknowledge those attempts. In the case of the Comptroller General's Department conducting the Integrity Pact (IP) project and the Public Construction Transparency Project (CoST), both of these tools can prevent corruption and save the national budget by more than 100 billion baht. But we must admit that there are still some people who look for loopholes in the system to commit corruption. However, the right solution is efficient law enforcement. Mrs. Juree added that if considering Thailand's anti-corruption mechanism, whether it is an organization or a law, Thailand has more than other countries. Therefore, the point is not to create more laws or regulations. Yet, the problems are the functioning of the bureaucracy, the efficiency of law enforcement, trial, and judgment of punishment, which need to be done at an appropriate time. Each corruption case should not be delayed in ruling; otherwise, people will totally ignore and forget. Moreover, there must be a law reformation of the Regulatory Guillotine in order to repeal or improve laws or regulations that are no longer necessary or inconsistent with the circumstances or that are an obstacle in contacting government agencies, while also Thailand should diminish the use of discretion by civil servants. All of these mentions require a reformation. Nevertheless, those problems have also been seen in many countries, not only in Thailand. "If looking from the past until the present, people in this generation are more aware of corruption problems. People in the past may not understand clearly 'Conflict of Interest'. Nowadays, they are better understood about Conflict of Interest. People also talk about the transparency of projects in the area. For instance, the "Growing Good" project has made people more aware of anti-corruption. People are currently focusing more on creating awareness among children and youth," the chairperson of the Transparency Thailand Foundation explains. She also says about Thailand's Corruption Perceptions Index (CPI) that for many years, the CPI index has been released and has embarrassed Thailand compared with other nations. Since the Transparency Thailand Foundation has worked with Transparency International (TI), the foundation has learned that there are many steps in conducting a Corruption Perception Index. One important step is the answer from a person that TI has assigned to be responsible for that country. Therefore, the answer may be inaccurate from reality for various reasons. Those reasons are such limitations on inaccessibility of information, and failure to understand the context of Thai society and Thai politics. Westerners may think that rights and freedoms can only occur in an elected government. The military government must be corrupted. However, the surveyors were not aware that the Thai military government had initiated the Integrity Pact and Transparency Project in public sector construction, which helped save a high amount of the national budget. This performance may not be aware among foreigners, but most Thai people also do not acknowledge this effort. In addition, the Thai media does not pay much attention to positive stories or they may report about that news but people do not pay much attention, unlike bad or criminal news. The more scandalous the news is, the news reports will be presented for several days as people like that kind of news. Unfortunately, people do not like much about good news. Good news will appear only once time and then totally disappear. "If I were a NACC officer, I would not pay too much attention to the CPI index. Thailand should not be concerned much about the score. However, Thai people seem to attach great importance to it, even though it has many limitations. The NACC, Thailand, and those involved in the government should focus on doing their work effectively and have the courage to announce on the global stage about their successful projects and implementation in counter corruption to create greater awareness among foreigners," she ends the interview with support to NACC, Thailand in fighting against corruption. ************************* *This exclusive interview translation is funded by the National Anti-Corruption Fund (NACF). Hashtag: #IntegrityWay #AntiCorruption #ZeroCorruption #NACC #NACFhttps://nacc.go.th/englishThe issuer is solely responsible for the content of this announcement.National Anti-Corruption Commission (NACC), ThailandThe National Anti-Corruption Commission (NACC) is a constitutional independent organization and supervised by nine commissioners selected from various professions. It is authorised to undertake work on the prevention and suppression of malfeasance, particularly in government agencies, on assets investigations, as well as on the monitoring of ethics and virtues of political position holders. It has the authority to file charges in court as well as support and build up awareness of the penalties for committing corruption. The NACC is supervised by the NACC Board and has the Office of the NACC as its administrative agency. Since 1997, Thai Courts have ruled against and punished politicians, former ministers, high-ranking government officials as well as executives of the private sector in the thousands of cases submitted by the NACC.
SIHANOUKVILLE, CAMBODIA - Media OutReach Newswire - 13 May 2024 - In a historic move, Canopy Sands Development (CSD) and AIM Global Foundation have signed a Memorandum of Understanding (MOU) today to jointly develop an international convention and exhibition center in the Bay of Lights, Sihanoukville, Cambodia. Representatives from AIM Global Foundation and Canopy Sands Development sign a MOU at the 2024 AIM Congress, initiating a landmark convention center project in Sihanoukville, Cambodia. The announcement was made during the prestigious 2024 AIM Congress held in Abu Dhabi, UAE, marking a significant milestone in the global events industry. The collaboration will unite both entities' strengths in transforming an 11-hectare land site into a world-class venue that will elevate Cambodia's status as a key destination for international events and exhibitions. AIM Congress is one of world's leading investment platform focusing on FDI opportunities, future cities, SMEs, startups and unicorns, and digital economy. They have hosted over 12,000 delegates across 175 countries, partnering more than 300 exhibitors to drive economic growth and international ties. Dawood Al Shezawi, President of AIM Global Foundation, emphasized the significance of the partnership in fostering global collaboration and investment. "This partnership aligns perfectly with our mission to empower the world's investment by facilitating opportunities for productivity and expansion. Together with Canopy Sands Development, we are confident that the international convention and exhibition center will become a catalyst for growth and prosperity in Sihanoukville and beyond." The partnership spans across various facets including feasibility studies, design, financing, construction, and management, ensuring a seamless blend of CSD's local insights and AIM Global Foundation's international expertise. The project aims not only to bolster local and national economic growth through tourism and job creation but also to position Cambodia firmly on the map as an influential player in the global events industry. "The newly-signed MOU lays the groundwork for a strategic alliance that promises to harness the collective expertise and networks of AIM Global Foundation and CSD," said David Richard, Head of Division for Hospitality and Tourism at Canopy Sands Development. "Beyond building a venue; it's about creating a platform for cultural exchange, international collaboration, and showcasing the global economic possibilities that Cambodia has to offer," he added. This MOU follows a strategic partnership agreement inked with AIM Congress in March this year, allowing AIM Congress Asia to call the Bay of Lights its home, further amplifying Cambodia's appeal as a vibrant locale for discovering unparalleled investment opportunities. The development of the international convention and exhibition center is poised to significantly impact both the local community in Sihanoukville and the international business ecosystem at large. Hashtag: #BayofLights #AIMCongress2024 #GlobalInvestmentHub #SihanoukvilleDevelopment #WorldClassConventionCenter #CambodiaEconomicGrowthThe issuer is solely responsible for the content of this announcement.Bay of LightsBay of Lights is a pioneering development reshaping the skyline of Sihanoukville, Cambodia. With an investment of USD 16 billion, this sprawling 934-hectare beachfront project has been meticulously master-planned to feature nine distinctive districts, each supporting the initiative's six core pillars: Financial Services, Tourism, Education, Entertainment & Lifestyle, Health & Wellness, as well as Art & Culture. Driven by a vision to create a world-class financial and tourism hub. Bay of Lights strategic design encourages a sense of connectivity between diverse sectors, stimulating economic growth and fostering an inclusive, vibrant cultureCanopy Sands DevelopmentCanopy Sands Development is a pioneering real estate development company, established in 2019 and headquartered in Phnom Penh, Cambodia. Led by a dynamic team of highly experienced professionals, both local and international, Canopy Sands Development is committed to laying the foundations that catalyze economic opportunities. With each project, it aims to create a significant economic, social, and educational impact, delivering sustainable and lasting benefits to Cambodian communities. AIM Global FoundationAIM Global Foundation is an independent international organization committed to empowering the world's investment by boosting effective promotion strategies and facilitating opportunities for investment productivity and expansion. The foundation fosters collaborative partnerships across sectors to drive positive social, environmental, and economic impacts on a global scale.
DHAKA, BANGLADESH - Media OutReach Newswire - 13 May 2024 - ShopUp, Bangladesh's leading full-stack B2B commerce platform, has announced significant revenue growth and strategic expansion plans to transform commerce in emerging markets, achieving this feat despite global macroeconomic headwinds. Small shop owner uses ShopUp's B2B commerce app In the past fiscal year, ShopUp's revenue surged to $129 million from $83 million, while turning the leaf on positive gross margin, demonstrating robust growth and a commitment to facilitating commerce across Bangladesh. This achievement highlights the company's approach to addressing the challenges of connecting brands to end consumers in one of the world's most fragmented retail markets. ShopUp's CFO, Vashistha Maheshwari, highlighted the company's journey towards sustainable growth and profitability. "Our focus on positive unit economics has led to gross margin positivity and reduction in our adjusted losses for FY ending June 2023. Continuing that momentum, we have turned monthly EBITDA positive in December 2023. This success highlights our unique go-to-market strategy and dedication to transforming commerce for SMEs," said Maheshwari. ShopUp has introduced a new model of commerce that integrates embedded financing, payment processing, and logistics. This model connects mills, brands, and manufacturers with an extensive network of small shops through a hub-enabled distribution network. With 427 micro-fulfillment hubs, ShopUp has connected 31 million people in Bangladesh to essential goods, a figure that is nearly double the country's total e-commerce user base. As part of its future strategy, ShopUp plans to expand its distribution hub network in Bangladesh to 700 by December 2025, enhancing its market penetration across product categories and the value chain. Looking beyond Bangladesh, ShopUp is set to replicate its successful model in other emerging markets, particularly within the Gulf region. "SMEs are the cornerstone of economic prosperity in these regions, and our aim is to empower them, driving growth and creating value across emerging markets," said Afeef Zaman, Founder & CEO of ShopUp. This expansion aims to cement ShopUp's position as a premier tech-enabled distribution platform in emerging markets, fostering financial inclusion and streamlined commerce for the next billion consumers. Hashtag: #ShopUp #B2B #Commerce #Growthhttps://www.shopup.org/https://www.linkedin.com/company/shopfront-limited/https://twitter.com/HelloShopUphttps://www.facebook.com/ShopUpNow/https://www.instagram.com/shopup.now/https://www.youtube.com/channel/UCjK2ok_kZj1RZdofCjbRyAAThe issuer is solely responsible for the content of this announcement.ShopUpShopUp is a B2B commerce company that connects mills, brands, and manufacturers to small neighborhood shops, creating a seamless distribution for food & essentials. Currently, 31 million people in Bangladesh access food and essentials through ShopUp's network of small shops. ShopUp aims to address gaps in the country's food supply chain infrastructure and make quality and affordable food accessible for 80 million people in Bangladesh.
BUDAPEST, Hungary, May 13, 2024 /PRNewswire/ -- The second installment of the China International Supply Chain Promotion Expo recently staged its roadshow in Budapest, Hungary. The event saw the participation of Ren Hongbin, Chairman of the China Council for the Promotion of International Trade (CCPIT), Dr. László Parragh, President of the Hungarian Chamber of Commerce and Industry (HCCI), along with representatives from leading Hungarian companies and trade associations. Budapest Hosts Successful Roadshow for Second China International Supply Chain Expo. Chaireman Ren emphasized the complementary supply chain capabilities of China and Hungary, noting that fostering closer ties between manufacturers in both countries could solidify a resilient and reliable partnership in industrial and supply chain sectors. The CCPIT and the Hungarian Ministry of Foreign Affairs and Trade signed a memorandum of understanding (MoU) aimed at bolstering supply chain collaboration. Hungary will participate the upcoming Expo as Guest of Honor. This strategic move is expected to enhance collaborative efforts across sectors, including electric vehicles (EVs) and renewable energy initiatives, facilitating enhanced connectivity and reciprocal gains. Dr. Parragh highlighted the robust, enduring strategic partnership between China and Hungary, noting that it will significantly enhance bilateral interactions across a broad spectrum of industries and sectors. China's growing middle-income group, increasingly seeking high-quality goods and services, offers significant opportunities for Hungarian companies to innovate and engage in joint ventures. To capitalize on this, the HCCI will facilitate Hungary's participation in the upcoming second Expo, aiming to deepen market penetration into China. Organized by the CCPIT, the Expo stands as the first national-level exhibition globally with a focus on supply chains. At the inaugural Expo, the Hungarian Embassy in China took the opportunity to spotlight Hungary's top national brands, emphasizing trade investment, cultural tourism, and technological innovation, showcasing the collaborative successes and potential opportunities within the supply chain sector between the two nations. Scheduled from November 26th to 30th in Beijing, the forthcoming second Expo, themed Connecting The World For A Shared Future, will feature major supply chains in advanced manufacturing, clean energy, intelligent vehicles, digital technology, healthy living, and green agriculture, complemented by a dedicated supply chain services exhibition area. Additional events will include investment promotion, supply-and-demand matchmaking, and new product launches. Efforts to attract exhibitors and investors are progressing smoothly, with strong interest from companies worldwide. For more information about the Expo, please visit https://en.cisce.org.cn/.
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