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NEC launches Value Added xHaul Solution Suite with Open Ecosystem

ruth
4 minutes

TOKYO, Feb 16, 2023 - (JCN Newswire via SEAPRWire.com) - NEC Corporation (TSE: 6701) and its ecosystem partners A10 Networks, Adtran (formerly ADVA), Fortinet and Juniper Networks have launched the Value Added xHaul Solution Suite to accelerate the monetization of operators' transport networks in the 5G era. The new solution suite will enable traditional IP and optical transport networking to bring additional value with enhanced capabilities, including datacenter networks, network security, and automation to maximize operators' profitability.In light of the transition to 5G, xHaul, the backbone of the entire network, needs to adapt to industry transformations, such as Open RAN to enable flexible networking, edge computing and network slicing for monetization, multi-domain automation for operational simplicity, as well as vigilant security measures to protect networks against increasing risks.To help operators tackle these emerging requirements for xHaul network evolution, NEC takes a unique holistic best-of-breed approach to move beyond the siloed proposition prevalent in the industry today. This collaborative approach improves efficiency and Return on Investment (ROI), enabling th...

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Mitsubishi Motors Launches the New Xpander in Indonesia

ruth
6 minutes

TOKYO, Nov 8, 2021 - (JCN Newswire via SEAPRWire.com) - Mitsubishi Motors Corporation (MMC) today revealed the new Xpander crossover MPV, featuring a refreshed design and an enhanced eco-friendliness. The renewed model will be exhibited at the 28th GAIKINDO Indonesia International Auto Show to be held from November 11. The new Xpander will be produced at Mitsubishi Motors Krama Yudha Indonesia (Bekasi, West Java)1 and will be rolled out in Indonesia and sequentially to other markets centering on the ASEAN region.New XpanderSince its launch as a next generation crossover MPV in Indonesia in 2017, the Xpander has continued to expand its presence in the ASEAN region, the Middle East, Latin America, South Asia and Africa. In 2019, the Xpander Cross was added to the lineup as the top variant of the series, and the cumulative sales volume of the Xpander series has reached a total of approximately 372,000 units as of October 2021. The new Xpander boasts an upgraded design inside and out to emphasize the SUV styling, while a new high-efficiency continuously variable transmission (CVT) is adopted to reduce fuel consumption. "Developed in pursuit of customer needs, the Xpander series has gai...

SeaPRwire

The Online Citizen repeatedly fails to declare all its funding sources: IMDA

aseanpr
4 minutes

SINGAPORE - The Online Citizen (TOC) has repeatedly failed to declare all its funding sources for last year despite reminders and extensions, and it has been asked to explain its non-compliance, the Infocomm Media Development Authority (IMDA) said on Tuesday (Sept 7). TOC has informed IMDA that it does not intend to comply with its obligations under the law, IMDA said, adding that it may take "appropriate enforcement action" if TOC is unable to provide good reasons for its non-compliance. It did not elaborate on what action it might take. In a media statement, IMDA said that there is no reason for TOC not to comply with the declaration requirement as other registered Internet content providers provide such information to maintain transparency of their sources of funding. It noted that TOC complied with the annual declaration when it was first registered in 2018, but has not fully complied with this obligation since 2019. The regulator added that TOC failed to verify a donor and clarify discrepancies in its foreign advertising revenue in its 2019 declaration, for which a warning was issued on May 4. "The threat of foreign interference in our domestic politics has always been present...

SeaPRwire

S&P 500 ends at record to conclude winning week for US stocks

elean
2 minutes

NEW YORK (AFP) - The S&P 500 finished at a fresh record on Friday (June 25), concluding a strong bounceback week for Wall Street on easing worries about monetary policy uncertainty. The broad-based index ended at 4,280.70, up 0.3 per cent and a second straight record. The index added 2.7 per cent for the week. The benchmark Dow Jones Industrial Average jumped 0.7 per cent to 34,435.16, while the tech-rich Nasdaq Composite Index slipped 0.1 per cent to 14,360.39, snapping a streak of three straight records. The Dow suffered its worst week since October last week due in part to a shift in messaging from the Federal Reserve. But equities recovered this week, as investors greeted statements from Fed Chair Jerome Powell and other top central bankers that signalled no plans for an abrupt pivot in their easy money policies. This week's parade of Fed speakers showed "most" are sanguine about inflation, "but some are getting nervous," said Chris Low of FHN Financial. "At the moment, there's no way to know for certain which group is closer to the truth," Low said. On Friday, investors shrugged off Commerce Department data that showed the personal consumption expenditures (PCE) price index sp...

SeaPRwire

Man, 48, arrested after allegedly attacking four people with a knife in Bukit Merah flat

aseanpr
2 minutes

SINGAPORE - A 48-year-old man, who was believed to be under the influence of drugs and has a history of mental illness, was arrested for allegedly attacking four people with a knife. The police said in a statement on Sunday (June 6) that they responded to the attack at 6.06am that day at a Housing Board flat at 2 Jalan Bukit Merah Road. The victims, two men and two women aged between 19 and 59, were taken to hospital. The man, who acted alone, was believed to be unknown to the victims. He was arrested for voluntarily causing grievous hurt with a dangerous weapon, said the police. They added that a knife, chopper, two pen knives and substances suspected to be drugs were seized at the scene. Investigations are ongoing and further updates will be provided, said the police. In a Facebook post addressing Queenstown residents on Sunday morning, Mr Eric Chua, an MP for Tanjong Pagar GRC, said he was alerted to the incident. Reassuring residents, he said that the situation is under control and the police will take some time to gather evidence as investigations are under way. He told The Straits Times that he understands the victims to be mainly employees of a coffee shop at Block 2. Mr Chu...

SeaPRwire

Wall Street shakes off inflation rise and closes higher

elean
3 minutes

NEW YORK (REUTERS) - US stocks climbed on Friday (May 28) as investors brushed off a stronger-than-expected inflation reading, as both the Dow and S&P 500 indexes clinched their first weekly gain in the past three weeks. Consumer prices, as measured by the personal consumption expenditures (PCE) price index excluding the volatile food and energy components, rose 0.7 per cent in April, topping analysts' 0.6 per cent estimate and after a 0.4 per cent increase in March. PCE is the Federal Reserve's preferred measure of inflation. In the 12 months through April, the core PCE price index surged 3.1 per cent, smashing through the Fed's 2 per cent target, as the reopening economy unleashed pent-up demand. Investors have been closely watching economic data and comments from Fed officials for signs of runaway inflation and the possibility the central bank may begin to pull back on its massive stimulus measures. "The data is going to remain volatile as well, the inflation data that we saw this morning with core PCE was a high print, but really not that far ahead of consensus," said Keith Buchanan, senior portfolio manager at Globalt in Atlanta. "Base effects definitely play a role, distortin...

SeaPRwire

Markets: Asian stocks set to rise on easing inflation fears

elean
3 minutes

(BLOOMBERG) - Asian stocks look set to rise Tuesday (May 25) after technology shares spurred a Wall Street rally as Federal Reserve officials sought to soothe concerns about inflation. Bitcoin surged following last week's crypto rout, in part on Elon Musk's support for an apparent effort to improve its green credentials. Futures pointed higher in Japan, Australia and Hong Kong. United States contracts edged up after the S&P 500 climbed and the Nasdaq 100 outperformed amid a jump in Apple, Amazon.com and Tesla. The Fed comments aided investor sentiment, as officials reiterated that they expect transitory rather than lasting price pressures from the US economic reopening. Benchmark 10-year Treasury yields and the dollar retreated. Oil held gains after Iran said that gaps remain in negotiations aimed at reaching a deal to end US sanctions on its crude. The Bloomberg Commodity Spot Index advanced the most in about a week. Fed officials Lael Brainard, Raphael Bostic and James Bullard said they wouldn't be surprised to see bottlenecks and supply shortages push prices up in coming months as the pandemic recedes, but that much of those gains should prove temporary. While market-based measu...

SeaPRwire

School bus driver jailed for 2 years for molesting autistic student

aseanpr
2 minutes

SINGAPORE - A school bus driver was jailed for two years on Monday (May 24) for molesting an autistic student he was ferrying. Ang Boon Hock, 66, pleaded guilty to one count of molesting the victim who was 13 at the time. Another similar charge was taken into consideration for sentencing. The court heard that Ang would ask the victim to sit beside him in the bus because the boy always cried when he sat at the back. Sometime in July 2019, while on the bus, the victim wanted to urinate and clutched his private part to prevent himself from doing so. Ang slid his hand into the boy's underwear and molested him. The victim felt scared but did not say anything, making only a whimpering sound. Ang told him to keep quiet and not to tell his mother. The mother found out what had happened from the boy on Sept 23 that year and made a police report. Deputy Public Prosecutor (DPP) James Chew told the court that the boy was a particularly vulnerable victim, since he was both young and had special needs. He said Ang had abused the trust placed in him as a bus driver responsible for ferrying students to and from school. More on this topic Related Story Cabby jailed for molesting 13-year-old boy in ...

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Singapore shares end week on flat note after directionless day

elean
2 minutes

Local shares ended the week on a flat note after a session that lacked direction for much of the day. Optimism also took a hit from news of a 3.6 per cent year-on-year decline in Singapore's retail sales for last December amid continued low visitor arrivals. Still, the Straits Times Index (STI) rose 1.53 points or 0.05 per cent to 2,907.11. Gainers beat losers 244 to 204 on trade of 1.77 billion shares worth $1.15 billion. Markers across the region were mixed. The Nikkei gained 1.5 per cent, the Hang Seng added 0.6 per cent and the Kospi advanced 1.1 per cent, but the KLCI slipped 0.4 per cent and the Shenzhen Component Index fell 0.7 per cent. Things were more positive on Wall Street with the three indexes finishing in the black overnight after gains of around 1 per cent. Oanda market analyst Jeffrey Halley said: "Asean markets are struggling to buy into the global recovery story with their less tech and manufacturing-heavy indexes, being heavily weighted to banks, property and commodities, which have been soft this week." Haw Par Corporation was the biggest gainer here, closing at $11.62, up 1.9 per cent. Other gainers included Creative Technology, up 5.2 per cent to $2.64, and S...

SeaPRwire
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50,000 jobseekers hired by 14,000 firms in Singapore under Jobs Growth Incentive

aseanpr
3 minutes

SINGAPORE - Around 50,000 local jobseekers were hired by 14,000 or so companies in September under a scheme to encourage firms to boost their manpower plans, according to preliminary estimates out on Friday (Jan 22). About 50 per cent of the new hires were aged 40 and over. The scheme, known as the Jobs Growth Incentive, aims to spur firms to hire more locals, with $1 billion set aside to provide wage support for these workers. Firms that hire local workers from September last year to February this year will receive a subsidy of 25 per cent of the first $5,000 of their gross monthly salaries for one year. The co-payment goes up to 50 per cent for workers aged 40 and above. These figures are encouraging as a good start, said Manpower Minister Josephine Teo at a briefing on the sidelines of a visit to food services firm Select Group. "We also know that the recovery of companies from the impact of Covid-19 would be uneven," she noted. "Some businesses may struggle to pivot, while others may experience new spurts of growth and bring in more people." She added that the incentive is meant to help transfer people from sectors that might be downsizing to those that are continuing to expand...

SeaPRwire
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Wall Street ends volatile week with gains, S&P at record

elean
2 minutes

NEW YORK (AFP) - After an unpredictable week, Wall Street finished Friday (Nov 13) on a high note, shrugging off concerns over the surge in Covid-19 cases and new pandemic restrictions that threaten to slow the US economy. The benchmark Dow Jones Industrial Average rose 1.4 per cent to close at 29,479.81. The broad-based S&P 500 also added 1.4 per cent to 3,585.15, a new record, while the tech-rich Nasdaq Composite Index climbed 1 per cent to 11,829.29. "Festering concerns regarding the implications of the persistent surge in new Covid-19 cases also had a hand in the bumpiness this week," Charles Schwab investment bank said, adding that "The earnings front continued to paint a positive picture." Dow-member Walt Disney gained 1.7 per cent after reporting its recently launched streaming television service Disney+ had hit 73 million subscribers, despite the company losing US$710 million (S$950 million) in the latest quarter. And fellow Dow member Cisco Systems jumped 7 per cent after topping earnings forecasts. Stocks that would benefit from a resumption of normal trade and travel patterns once a coronavirus vaccine becomes widespread also resumed their upward climb. Cruise line Carni...