Vientiane station has been changed its name to Khamsavath station, according to the railway.
Officials from Thailand’s railway department visited the Khamsavath Railway Station site in Vientiane Capital last month to monitor progress prior to opening.
Trend Micro research reveals increase complexity and reduced confidence
HONG KONG SAR – Media OutReach – 25 July 2022 – New research from global cybersecurity firm Trend Micro has revealed that 54% of global organizations feel their cyber risk assessments are not sophisticated enough – exposing them to ransomware, phishing, IoT and other threats. Respondents also indicated that overly complex tech stacks and lack of awareness from leadership are exacerbating issues.
Many organizations are struggling with manual approaches to attack surface mapping (28%), and 32% report difficulty working with multiple tech stacks. This may explain why only around 40% are able to accurately detail any one of the following based on risk assessments:
Risk levels for individual assets
Attack attempt frequency
Attack attempt trends
Impact of a breach on any particular area
Industry benchmarks
Preventative action plans for specific vulnerabilities
Bharat Mistry, Technical Director at Trend Micro: “We already knew that organizations are concerned about a fast-expanding digital attack surface with limited visibility. Now we know that they also need urgent help to discover and manage cyber risk across this environment. In many cases, the challenge is compounded by siloed point solutions. Organizations must search for a single platform that gives them the certainty and security they require.”
About one third of the IT and business decision makers Trend Micro interviewed say that assessing risk is the main area of attack surface management they struggle with. As a result, over 80% feel exposed to ransomware, phishing and IoT attacks.
The inability of organizations to accurately assess attack surface risk also keeps business leaders in the dark. Over half of respondents struggle to quantify risk exposure to leadership, and only 3% believe their C-suite fully understands cyber risk at present.
There’s a clear opportunity here for organizations to leverage third-party expertise.
Two-fifths (39%) of respondents are already invested in a platform-based approach to attack surface management, while half (50%) of respondents say they’d like to do the same. Of those who’ve already made the move, improved visibility (38%), faster breach detection (35%) and accelerated response (34%) are the most cited advantages.
Trend Micro commissioned Sapio Research to interview 6297 IT and business decision makers across 29 countries to compile the study.
Hashtag: #TrendMicro
About Trend Micro
Trend Micro, a global cybersecurity leader, helps make the world safe for exchanging digital information. Fueled by decades of security expertise, global threat research, and continuous innovation, Trend Micro’s cybersecurity platform protects hundreds of thousands of organizations and millions of individuals across clouds, networks, devices, and endpoints. As a leader in cloud and enterprise cybersecurity, the platform delivers a powerful range of advanced threat defense techniques optimized for environments like AWS, Microsoft, and Google, and central visibility for better, faster detection and response. With 7,000 employees across 65 countries, Trend Micro enables organizations to simplify and secure their connected world. www.trendmicro.com.hk
Donations to 40 NGOs sustains long-term community-building for B40
KUALA LUMPUR, MALAYSIA – Media OutReach – 25 July 2022 – #ShopeeGivesBack, Shopee’s long-term community initiative, has collectively raised RM2.9 million across two years, through fundraising efforts with over 40 Non-Governmental Organisations (NGOs) to help underprivileged Malaysians in times of need.
#ShopeeGivesBack which launched on 1 May 2020 during the height of the COVID-19 pandemic, uses technology to help the underserved in Malaysia across four areas: underprivileged communities development, children and family services, health charities, and environmental charities. The platform provides Malaysians with an online avenue to support their favourite causes in the most convenient way. Shopee ensures that these NGOs have credible track records and are registered with the Registry of Societies.
RM2.1 million came through always-on platform donations as buyers shopped on a daily basis and made informed choices on which causes to donate to via the #ShopeeGivesBack dedicated microsite. 56% of donations raised through this channel went to B40 and community aid NGOs such as Pertubuhan Kasih Neelofa, Islamic Relief Malaysia, and Pusat Jagaan Nurul Jannah. 20% of the funds raised went to NGOs providing medical kits and mobile clinics during floods such as MERCY Malaysia. 14% of the donations assisted partners like UNICEF Malaysia in meeting critical needs of marginalised children and their families in Covid-19. 10% went towards environmental causes such as Zoo Negara, where the funds aid in the annual food, enrichment, and veterinary care of the animals.
RM800,000 was raised during special e-commerce campaigns helping targeted causes: Zoo Negara ticket sales for example raised over RM400,000 for animal welfare whereas over RM200,000 in flood relief funds (including RM100,000 matching contribution from Shopee) helped 1,300 families rebuild their lives after recent floods in Kedah, Kelantan, Selangor, Pahang, Terengganu, Johor, and Negeri Sembilan.
Huiyan Pan, Head of Brand Marketing at Shopee Malaysia said, “Based on the estimates from our key community development NGOs, we would have provided food and essential supplies to over 3,000 families in dire need during the pandemic. Shopee is humbled to be able to obtain the support of our NGO partners and galvanise shoppers on our marketplace to contribute towards long-term sustainability of these communities.”
Pertubuhan Kasih Neelofa, Islamic Relief Malaysia, and Pusat Jagaan Nurul Jannah are #ShopeeGivesBack’s longer-term partner NGOs. These three NGOs raised nearly RM400,000 in food aid, essential needs and household products for B40 families and homes in Kuala Lumpur, Selangor, Perak, Kedah, Sabah and Sarawak.
“Pertubuhan Kasih Neelofa was moved by the kindness of Malaysians to aid the underprivileged communities that have been affected by various unfortunate circumstances. The #ShopeeGivesBack program has provided a platform for generous donors to pledge their support, and we are grateful for the trust Malaysians placed in us to give back to the needy,” said Noor Neelofa Mohd Noor, Founder of Pertubuhan Kasih Neelofa.
Shopee is the leading e-commerce platform in Southeast Asia & Taiwan. Shopee promotes an inclusive and sustainable digital ecosystem by enabling businesses to digitalise and grow their online presence, helping more people access and benefit from digital services, and uplifting local communities.
Shopee offers an easy, secure, and engaging experience that is enjoyed by millions of people daily. Shopee is also a key contributor to the region’s digital economy with a firm commitment to helping homegrown brands and entrepreneurs succeed in e-commerce.
Shopee is part of Sea Limited (NYSE: SE), a leading global consumer internet company. Sea’s mission is to better the lives of consumers and small businesses with technology through its three core businesses: Shopee, Garena and SeaMoney.
Albanian Energy Minister Directs State Oil Company to Negotiate Final Terms for Amonicë
STEINHAUSEN, SWITZERLAND – EQS Newswire – 25 July 2022 – Terraoil Swiss AG, an energy company with a strong focus on the Mediterranean is pleased to announce that the Company has received notification from the Albanian Government’s Minister of Infrastructure and Energy that she has ordered Albpetrol, the state-owned oil company to negotiate the final terms of a Petroleum Agreement for the Amonicë oil field with Terraoil.
The Minister appointed a negotiation group to meet with Terraoil representatives and conclude the final terms of the Petroleum Agreement. Once the final terms are agreed and approved by both parties, the Petroleum Agreement will be sent to the Council of Ministers for final approval followed by the commencement of operations by Terraoil at Amonicë.
Chief Executive Officer, Peter Krempin commented: “This is a very positive development for the expansion of our business in Albania. On completion of negotiations and conclusion of the necessary steps for the approval of the Petroleum Agreement, Amonicë will be the first of the three new fields for which the Heads of Agreement were agreed in June 2018 to be finally ratified and turned over to Terraoil. We are confident that the remaining two oil fields will be negotiated and approved in due course.”
If you are an Terraoil shareholder and would like additional information, contact Peter Krempin either via email investors@terraoil.swiss or by telephone at +41 71 544 01 20.
Hashtag: #TerraoilSwissAG
About Terraoil Swiss AG
Terraoil is an international energy company with a focus to identify and rapidly advance business opportunities in the upstream oil and gas and renewable energy sectors in the Mediterranean region. https://terraoil.swiss
Terraoil forward-looking statements This media release serves informational purposes and constitutes neither an offer to sell nor a solicitation or an advertisement to buy any shares of Terraoil Swiss AG in any jurisdiction. This media release does not constitute a prospectus within the meaning of Article 35 et seqq. of the Swiss Federal Act on Financial Services. In addition, investors should seek advice from their bank or their financial adviser. This media release and the information contained therein are not being issued for the purpose of selling shares in the United States of America, Australia, Canada, Japan, the United Kingdom, or the European Economic Area and must not be distributed within or to such countries or via publications with a general circulation in such countries.
This media release contains forward-looking statements such as projections, forecasts, and estimates. Such forward-looking statements are subject to certain risks and uncertainties which may cause actual results, performance, or events to differ materially from those anticipated in this media release. Readers should therefore not rely on these forward-looking statements. The forward-looking statements contained in this media release are based on the views and assumptions of Terraoil Swiss AG as of this date and Terraoil Swiss AG does not assume any obligation to update or revise this media release.
Cambodian sports fans have recently been upset with the decision to combine ‘Kun Khmer,’ the Cambodian national martial art – with Muay, the Thai/Lao kickboxing martial art in the upcoming-year 32nd Southeast Asian Games (SEA Games), which was being organized in Cambodia for the first time.
SINGAPORE – Media OutReach – 25 July 2022 –Aspire, the #1 all-in-one finance operating system for growing businesses in Southeast Asia, has joined forces with award-winning RegTech provider Know Your Customer to safely facilitate access to its financial products to underserved SMEs and entrepreneurs in the region.
It is estimated that there are 70 million micro-, small- and medium-sized enterprises (SMEs) in Southeast Asia today that employ over 140 million people and account for 99% of all businesses in the region. Moreover, thousands of new start-ups and SMEs are registered every day: recent research* has revealed that an average 9% of all entities present in company registries were incorporated in the course of the last year for which data was available.
These companies are often in urgent need of financial services such as business accounts, loans, credit cards, and a platform to manage their receivables and payables. Despite this, access to viable financial products remains difficult for many of them due to the challenges of financial institutions looking to verify these companies’ shareholding structures. In these instances, having real-time access to company registries is essential for any FI looking to serve new companies not yet present in conventional KYC databases.
By working together, Know Your Customer and Aspire will now be able to capture this fast-growing demand in full compliance with local and international regulatory requirements.
The new partnership will enhance Aspire’s ability to digitise and streamline the crucial phase of corporate onboarding for SMEs, entrepreneurs and corporate clients across the whole region through Know Your Customer’s digital solutions and unmatched coverage of real-time registry connections in APAC and globally.
Founded in 2018 to provide working capital loans for small to medium-sized businesses, Aspire now offers a portfolio of services to over 10,000 businesses across the region, including multi-currency accounts and cards, expense management, payable management, and receivable management solutions – all in one account.
Know Your Customer is an award-winning regulatory technology (RegTech) company specialised in modular compliance solutions which enable businesses to build the corporate onboarding process that best fits their unique needs. The company recently announced the expansion of its real-time coverage to 500+ company registries across 123 countries worldwide, officially becoming the No. 1 KYB provider in the industry.
Tarini Ponniah, Head of Compliance of Aspire, commented:
“At Aspire, we are always looking for ways to support our customers, and make sure they have a seamless onboarding journey with us. We strive to make alliances with companies that share the same vision and can assist us in providing our services in full compliance with the applicable regulations. Know Your Customer’s RegTech solution has helped us to achieve this incredible milestone in a very short time span.”
Claus Christensen, CEO & Co-Founder of Know Your Customer, added:
“Aspire has quickly become a powerful force in the APAC Fintech space and we are delighted to be playing such a strategic part in their current and future growth. I strongly believe that building solid synergies between disruptive Fintechs and innovative RegTech providers is key to drive the whole industry forward and this partnership is a perfect example of two innovative companies coming together to meet a pressing market need. We look forward to supporting Aspire’s business growth through our modular solution and unparalleled coverage of real-time registry connections globally.”
The partnership announcement was officially commemorated by a signing ceremony held in Singapore on the occasion of the visit of Micheál Martin, Taoiseach of Ireland (Prime Minister) on 22 July 2022.
Kevin Ryan, Director South-East Asia of Enterprise Ireland added:
“The Government of Ireland, via Enterprise Ireland are proud to support innovative companies like Know Your Customer on their expansion. The signing today signifies their commitment to raising the bar for RegTech in Southeast Asia and we congratulate them wholeheartedly. ”
Know Your Customer is an award-winning RegTech company specialised in next generation digital onboarding solutions for financial institutions and regulated organisations worldwide. By providing a single source of truth, Know Your Customer enables clients to reduce AML risk, streamline processes through agile automation, improve data accuracy through live connections to company registries, and comply with internal, board and regulatory reporting demands. The result is an acceleration in the onboarding time of new corporate clients from an industry average of 26 days to a few hours, reducing compliance manual work by up 85%.
With offices in Singapore, Dublin, Hong Kong, London, and Shanghai, Know Your Customer has established a global presence and a reputation for excellence. Our customer list spans across 11 verticals – including banking, FinTech, insurance, payments, real estate, asset management, legal firms – and 18 jurisdictions.
Aspire is the all-in-one finance operating system for growing businesses. The company serves over 10,000 startups and SMEs in Southeast Asia, helping them save time and money with multi-currency accounts and cards, expense management, payable management, and receivable management solutions – all in one account. Headquartered in Singapore, Aspire has over 400 employees across four countries, and is backed by some of the world’s best VCs, including Sequoia and Y-Combinator.
HONG KONG SAR – Media OutReach – 25 July 2022 – Hong Kong’s unique advantages and conducive business environment are extremely lucrative for foreign businesses and entrepreneurs. Setting up a private limited company in Hong Kong opens the door to endless opportunities in China and the Asia-Pacific region, but the process is often arduous for enterprises unless they partner with an experienced consultancy to help lay down the groundwork. Premia TNC, a one-stop consultancy and service provider for business incorporation, accounting, and trading services, is gaining widespread recognition for its recent success in helping foreign enterprises establish their grounds in Hong Kong.
In a recent operation, Premia TNC helped a cosmetic enterprise from the UK register a limited company in Hong Kong and obtain a business bank account at OCBC. Utilizing exclusive resources and expertise, Premia TNC’s experienced consultation team successfully helped the client explore and establish strategic business partnerships with suppliers in China and cut down significant operational costs and tax expenses.
“Compared to the UK’s intricate companies act and high tax rates, Hong Kong’s simplified company incorporation procedure allows foreign enterprises who successfully open a business account here to immediately enjoy the same financial benefits and low tax rates of a local company,” said Managing Director, Kelvin spokesperson for Premia TNC’s Hong Kong Office. “The city’s business-friendly tax regime, along with its stable economy, strong workforce, and well-established legal system make it the perfect destination for international businesses that want to expand into Asia.”
While it has become increasingly difficult to open a business account at a local bank in Hong Kong, Premia TNC continues to help foreign companies speed through the registration processes and obtain their local accounts in the shortest possible time. For international businesses, saving time on these arduous procedures means they can kick start their plans in Asia ahead of time and gain a decisive edge over their competitors.
“Our experts use their extensive experience and knowledge to help clients make the right decisions when it comes to their incorporation. We help clients review their documents and prepare for their interviews with local banks. We also provide a set of Certified Incorporation documents that significantly improves their chances of getting a swift approval and look over every aspect of their application with extreme attention to detail.” said Managing Director, Kelvin. “We navigate the complex and arduous process of corporate incorporation and account registration for our clients so they can focus on expanding their business and exploring new potential markets.”
Premia TNC’s experienced consultant team and their expansive network across Singapore, Korea, and other major markets in Asia empower foreign enterprises to not only establish themselves in Hong Kong, but expand into other countries within the Asia-Pacific region. Startups and entrepreneurs with the ambition to dominate Asia will be excited by the convenience and comprehensiveness that Premia TNC’s services provide.
Hashtag: #PremiaTNC
The issuer is solely responsible for the content of this announcement.
About Premia TNC
Premia TNC is a leading Business Consulting and Accounting firm in Hong Kong, Singapore, Vietnam, Taiwan, Malaysia, and Korea. Since 2003, Premia TNC has provided far-reaching business consultation and services for domestic and foreign entrepreneurs, SMEs and MNCs. Our comprehensive “Company Management Service (CMS)” is a proven stratagem for countless enterprises establishing their presence in the Asia-Pacific region. From investment feasibility review and the incorporation of limited company/branch/representative offices to accounting and trading services and more, Premia TNC is your trusted partner for international success.
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