Latest News

Thailand Ministry of Energy set to host 2019 ASEAN Energy Business Forum

Tuesday August 27 th 2019

BANGKOK, Aug. 27, 2019 /PRNewswire/ – On 3-5 September 2019, Thailand, as ASEAN Chairman for 2019, and dmg events will host the ASEAN Energy Business Forum (AEBF) in conjunction with the 37th annual ASEAN Ministers on Energy Meeting (AMEM) at the The Athenee Hotel, Bangkok, Thailand. Prime Minister, Prayut Chan-o-cha, will preside over the opening ceremony of this important meeting.

As South East Asia’s appetite for energy is set to grow by an incredible two thirds in the next 20 years across the region, a combination of dwindling domestic resources and environmental concerns are driving governments and the market to explore their energy options. ASEAN’s member states are increasingly developing policies that bring renewables and natural gas/liquefied natural gas (LNG) to the fore and the shift from fossil fuels to renewable resources will rank high on the meeting’s agenda, as confirmed by Energy Minister, Sontirat Sontijirawong, at a recent press conference.

Mr Sontirat also highlighted the fact that Thailand plays an important role in enhancing energy connectivity in Southeast Asia through its multilateral power trade project with Laos and Malaysia. It is generally accepted that collaboration and interconnectivity are key to a successful transition from fossil fuels to a more sustainable energy future, playing a major role in lowering costs, diversifying supply, and tapping into renewable and low carbon energy resources.

Thailand recently approved its Power Development Plan (PDP) 2018-2037, the national framework for Thailand’s future energy strategy and its continuous progress in transitioning to a lower carbon future. Supporting this transition, PTT PLC, Thailand’s largest energy company has joined the AEBF as Co-Hosts and will share their insights into how they are developing their business model to remain at the forefront of the region’s energy industry. PTT PLC will be joined by speakers including the CEO of PETRONAS, Tan Sri Wan Zulkiflee Wan Ariffin; Dr Fatih Birol, Executive Director of IEA; Francisco La Camera, Director General of IRENA and organisations including ENGIE, Cheniere, GPSC, BCPG, ERIA, UN Environment and UNESCAP.

By 2030, it is anticipated that the ASEAN will become the fourth largest energy consumer in the world. In order to meet the region’s growing needs for energy supply, transmission and efficiency, the IEA has estimated that US$2.7 trillion investment will be required.

International support and active participation of the private sector are vital to achieving successful outcomes. The Ministry of Energy, Thailand and the ACE therefore invite all stakeholders seeking to play a role in ASEAN’s energy future to join AEBF 2019. Forum attendees are encouraged to participate in discussions and share their experiences and expertise with member states, at a critical point in ASEAN’s journey to a sustainable energy future.

For further information, do visit https://www.aebf2019.com/

About ASEAN Energy Business Forum:

The 37th ASEAN Energy Business Forum will be hosted by the Ministry of Energy, Thailand and held in conjunction with the ASEAN Ministers on Energy Meeting in Bangkok, on 3 - 5 September 2019.

ASEAN Energy Business Forum is the premier annual gathering of the ASEAN energy sector, enabling government officials, policy makers and global private sector organisations to engage in public-private partnership cooperation discussions and project development business collaboration meetings.

ASEAN Energy Business Forum will host distinguished Ministers and Government officials in addition to leaders from NOCs, IOCs, EPs, National Power Authorities, Utilities, LNG Suppliers, EPCs, Renewable energy pioneers and technology innovators from all 10 ASEAN member states and beyond.

The three-day single plenary commercial and policy conference programme features Ministerial-CEO dialogues, over 70 speakers and hosts over 500 international delegates. Bilateral one-to-one G2B and B2B meetings will run concurrently to the programme and multiple social networking activities will also take place including a Gala Dinner and the renowned ASEAN Energy Awards.

Established in 1999, AEBF has been running for twenty years.

About the co-organisers:

ASEAN Centre for Energy (ACE)

Established on 1 January 1999, the ASEAN Centre for Energy (ACE) is an independent intergovernmental organisation within the Association of Southeast Asian Nations’ (ASEAN) structure that represents the 10 ASEAN Member States’ (AMS) interests in the energy sector.

The Centre accelerates the integration of energy strategies within ASEAN by providing relevant information and expertise to ensure the necessary energy policies and programmes are in harmony with the economic growth and the environmental sustainability of the region. It is guided by a Governing Council composed of Senior Officials on Energy from each AMS and a representative from the ASEAN Secretariat as an ex-officio member. Hosted by the Ministry of Energy and Mineral Resources of Indonesia, ACE’s office is located in Jakarta.

dmg events

dmg events is a leading organiser of face-to-face events and a publisher of trade magazines.

We aim to keep businesses informed and connect them with relevant communities to create vibrant marketplaces and to accelerate their business across multiple platforms. dmg events organises more than 80 events across 25 countries, attracting over 425,000 attendees and delegates every year. The company’s portfolio of products includes many industry leading events such as The Big 5 construction shows, ADIPEC and Gastech energy events.

Founded in 1989, the company is headquartered in Dubai, UAE, and is a wholly-owned subsidiary of the Daily Mail and General Trust plc (DMGT, www.dmgt.com), one of the largest media companies in the United Kingdom.

ExpoSis

ExpoSis Company Limited is 100% Thai registered company founded in 2013 to provide professional management service for exhibitions and conferences. The company was formed by a team of highly experienced professionals in international trade exhibitions. Our Experience includes trade exhibitions in various sectors, such as environment, energy, food, food ingredients, machinery, building construction, defence and security. Our experience is also not limited to Thailand but in the ASEAN region including Cambodia, Indonesia, Myanmar, the Philippines and Vietnam. Our Service ranges from market study, marketing, sales, sales promotion, visitor promotion, database management, public relation and media planning, to logistics and operation both pre and during the event.

For further information, please contact:
Carina Athwal
Neecarina@dmgevents.com
+65 6 422 1470

SOURCE dmg events

Element AI Announces Technology Demonstrations for InsureTech Connect 2019

LAS VEGAS, Aug. 26, 2019 /PRNewswire-PRWeb/ – Element AI, a global AI products and software company, today announced its participation at the InsureTech Connect 2019 conference in Las Vegas, September 23-25. At the world’s largest insurance technology event hosting InsureTech entrepreneurs, investors and industry incumbents from across the globe—Element AI will showcase its ‘Underwriting Partner’ software through presentations, live demos, and in-person meetings. Element AI will be in booth #1124 at the MGM Grand Resort and Casino.

With its ‘Underwriting Partner’ product, Element AI will introduce ‘submission’, the first in a series of six planned innovative AI capabilities for underwriting in the insurance industry. Element AI Underwriting Partner submission software processes forms and documents to extract information and uploads it directly into an insurer’s system of records, while flagging missing information and items for review—keeping a human-in- the-loop when required. Element AI is helping underwriters integrate AI into their underwriting process to augment workflows for a healthier underwriting expense ratio.

“We are excited to demonstrate the features of Underwriting Partner’s submission capability to attendees at InsureTech Connect 2019,” says Carlos Benfeito, Head of Insurance Products at Element AI. “In a highly competitive industry that is racing to integrate and adopt the benefits of artificial intelligence, Underwriting Partner was created to help underwriters streamline expensive workflows, and guide decisions by unlocking new insights from vast amounts of data. This will ultimately free-up underwriters to focus on higher-value tasks that align with their team’s expertise and reduce time spent on repetitive tasks,” added Benfeito.

All InsureTech Connect 2019 show attendees are invited to visit Element AI at booth #1124 for a demo to see ‘Underwriting Partner’ software and speak with our advisory and sales teams.

To learn more about the Element AI ‘Underwriting Partner’ software contact: https://www.elementai.com/contact

To learn more about Element AI and its AI-powered insurance product line, visit: https://www.elementai.com/products/insurance.

PRESS: To schedule an onsite media interview with Element AI, contact: kevin.clark(at)elementai.com or jorielle.nunag(at)fhhighroad.com.

###

About Element AI            
Element AI is a global developer of AI-powered software products that scale to help people work smarter. Founded in 2016 by serial entrepreneur JF Gagné and pioneering AI research professor Yoshua Bengio, PhD, Element AI turns cutting-edge research and industry expertise into software solutions that continuously learn and improve. With a focus on financial services and supply chain sectors, Element AI provides end-to-end AI integration guidance throughout its customers’ AI journey—from advisory and enablement, to integration, deployment and ongoing support. Element AI maintains a strong connection to academia through research collaborations and takes a leadership position in policy-making around the impact of AI on society. https://www.elementai.com.

© Element AI Inc. 2019, all rights reserved. Element AItm, and the Element AI logo are protected by trademarks of Element AI Inc. Element AI Underwriting Partner software product is a trademark of Element AI, and may be registered or pending registration in several jurisdictions. Other trademarks used in this document may be trademarks of the manufacturers or vendors of their respective products.

 

SOURCE Element AI

5 Top Gainers In Healthcare Sector (ARDS, PSTV, SLRX…)

(RTTNews) – The following are some of today’s top gainers in the healthcare sector.

1. Aridis Pharmaceuticals Inc. (ARDS)

Aridis is a clinical-stage biopharmaceutical company developing novel, differentiated therapies for infectious diseases, including hospital-acquired infections, cystic fibrosis, and bloodstream infections.

Gained 25.56% to close Monday’s (Aug.26) trading at $11.25.

News: No news

Near-term Catalyst:

Top-line data from a phase II trial of AR-105 in ventilator-associated pneumonia patients infected with P. aeruginosa is expected this quarter (3Q, 2019).

Related Reading

This Day That Year: Aridis Pharma

2. Plus Therapeutics Inc. (PSTV)

Plus Therapeutics, formerly Cytori Therapeutics Inc., is a clinical-stage pharmaceutical company. The lead product candidate in the pipeline is DocePLUS, a complex, injectable, patented, albumin-stabilized PEGylated liposomal docetaxel.

Gained 24.94% to close Monday’s trading at $10.37.

News: No news

Recent event:

A 1-for-50 reverse stock split was implemented and the stock began trading on a split-adjusted basis beginning on August 6, 2019.

Near-term Catalyst:

A phase II clinical trial protocol for DocePLUS in Small Cell Lung Cancer patients with the platinum-sensitive disease who progressed at least 60 days after initiation of first-line chemotherapy is expected to be submitted in the second half of 2019.

3. Salarius Pharmaceuticals Inc. (SLRX)

Salarius Pharma is a clinical-stage oncology company targeting the epigenetic causes of cancers.

Gained 21.39% to close Monday’s trading at $12.20.

News: The Company has entered into a collaborative partnership with the Ivy Brain Tumor Center at the Barrow Neurological Institute to test Salarius’ therapeutic candidate, Seclidemstat, for the treatment of glioblastoma.

Seclidemstat is the lead drug candidate of Salarius and is currently being tested in a Phase 1 study for refractory or relapsed Ewing’s sarcoma and a Phase 1 study for Advanced Solid Tumors.

Recent event:

On January 4, 2019, privately-held Salarius merged with public-listed Flex Pharma Inc., and the combined company was renamed Salarius Pharmaceuticals Inc.

4. Gossamer Bio Inc. (GOSS)

Gossamer Bio is a clinical-stage biopharmaceutical company with a focus on the disease areas of immunology, inflammation, and oncology.

Gained 15.32% to close Monday’s trading at $20.10.

News: No news

Clinical Trials Near-term Catalysts:

Gossamer has four clinical-stage product candidates namely, GB001, GB002, GB004 and GB1275.

– A phase IIb study of GB001 in moderate-to-severe eosinophilic asthma, dubbed LEDA, is underway, with an interim analysis expected in the first half of 2020. Full results from the LEDA study are expected in the second half of 2020.
– A phase II proof-of-concept study of GB001 in chronic rhinosinusitis, with and without nasal polyps, dubbed TITAN, is ongoing. Topline data from the TITAN study are expected in the second half of 2020.
– Enrollment in a phase Ib translational study of GB002 in patients with Pulmonary Arterial Hypertension is expected to begin in the third quarter. Results from the Phase 1b study are expected in the first half of 2020.
– A phase Ib study of GB004 in active mild-to-moderate ulcerative colitis, is underway, with topline results anticipated in the first half of 2020.
– Enrollment in a phase 1/2 study of GB1275 in selected solid tumors is expected to begin in the third quarter of 2019. Initial data from this study is expected in the second half of 2020.

5. Capital Senior Living Corp. (CSU)

CSU is an operator of senior housing communities.

Gained 15.19% to close Monday’s trading at $4.55.

News: No news

Recent event:

On August 8, 2019, the Company reported financial results for the second quarter ended June 30, 2019.

For the second quarter of 2019, the Company reported revenue of $113.1 million compared with revenue of $114.6 million in the second quarter of 2018. Net loss in the recent second quarter widened to $12.53 million or $0.41 per share from $9.06 million or $0.30 per share in the year-ago quarter.

Australian Market Loses

Monday August 26 th 2019

(RTTNews) – The Australian stock market is losing on Monday following the sharp losses on Wall Street Friday amid an escalation in the U.S.-China trade war. Investors also digested mostly weak corporate earnings results from major local companies.

On Friday, the Chinese government announced retaliatory tariffs on $75 billion of U.S. goods and U.S. President Donald Trump responded by saying his country will hike tariffs on $250 billion worth of Chinese goods to 30 percent from 25 percent.

The benchmark SP/ASX 200 Index is losing 108.50 points or 1.66 percent to 6,414.60, after touching a low of 6,409.80 earlier. The broader All Ordinaries Index is lower by 107.70 points or 1.63 percent to 6,506.60.

Among the major miners, Fortescue Metals is lower by more than 3 percent, Rio Tinto is declining more than 2 percent and BHP Billiton is losing 2 percent.

Fortescue Metals reported a profit for the full year that nearly tripled from last year and also declared a final dividend that was double what it paid last year.

The big four banks are weak. ANZ Banking is declining more than 2 percent, while Commonwealth Bank, National Australia Bank and Westpac are down in a range of 1.4 percent to 1.7 percent.

Among oil stocks, Woodside Petroleum is falling almost 4 percent, Oil Search is declining almost 3 percent and Santos is down almost 2 percent after crude oil prices tumbled on Friday.

Bucking the trend, gold miners are notably higher after a spike in gold prices. Evolution Mining is gaining 11 percent and Newcrest Mining is rising more than 5 percent.

G8 Education recorded a 20 percent fall in first-half profit despite higher revenues, but raised its interim dividend. The childcare centre operator’s shares are falling almost 17 percent.

Boral said its full-year profit declined 7 percent from last year and said it will acquire Knauf Asia Plasterboard for $532.5 million as well as take back full ownership of USG Boral Australia New Zealand. The building materials maker’s shares are also losing almost 17 percent.

McGrath recorded a net loss for the second year in a row on lower revenues and did not declare a final dividend. The real estate agency’s shares are declining more than 2 percent.

IOOF Holdings reported a 67 percent fall in full-year net profit and cut it’s fully franked dividend on remediation costs, but also announced a special dividend. The financial services provider’s shares are lower by almost 11 percent.

In the currency market, the Australian dollar is lower against the U.S. dollar on Monday. The local currency was quoted at $0.6717, down from $0.6753 on Friday.

On Wall Street, stocks closed sharply lower on Friday amid renewed U.S.-China trade concerns after a series of threatening tweets from President Donald Trump. Trump claimed the U.S. does not need China and subsequently ordered American companies to “immediately start looking for an alternative to China.” The tweets from Trump came after the Chinese Finance Ministry announced plans to impose new tariffs on $75 billion worth of U.S. imports.

The Dow tumbled 623.34 points or 2.4 percent to 25,628.90, the Nasdaq plummeted 239.62 points or 3 percent to 7,751.77 and the SP 500 plunged 75.84 points or 2.6 percent to 2,847.11.

The major European markets saw substantial volatility before closing sharply lower on Friday. While the U.K.’s FTSE 100 Index fell by 0.5 percent, the French CAC 40 Index and the German DAX Index slumped by 1.1 percent and 1.2 percent, respectively.

Crude oil prices declined sharply on Friday as trade tensions between the U.S. and China escalated, raising concerns over outlook for energy demand. WTI crude oil for October delivery tumbled $1.18 or about 2.1 percent to $54.17 a barrel.

Bonso Electronics Reports Year End Results

Saturday August 24 th 2019

HONG KONG, Aug. 23, 2019 (GLOBE NEWSWIRE) — Bonso Electronics International, Inc. (NASDAQ: BNSO), a designer and manufacturer of sensor based products, reported its financial results for the fiscal year ended March 31, 2019.

The Company reported a net loss of $0.46 million or $0.10 basic and diluted loss per share for the fiscal year ended March 31, 2019. The Company has filed its Annual Report on Form 20-F, which includes its audited financial statements for its fiscal year ended March 31, 2019, with the United States Securities and Exchange Commission (“SECâ€�). The Company’s Annual Report is available on the SEC’s website at https://www.sec.gov/.

Andrew So, the Chief Executive Officer of Bonso, stated, “Our core business of producing electronic products continues to be challenging, with net revenue of the Company decreasing by 13% from $11.5 million for the fiscal year ended March 31, 2018, to $10.0 million for the fiscal year ended March 31, 2019. We remain cautiously optimistic that business will improve in the future — supported by ongoing pro-active strategic initiatives and new product developments. However, the demand for our electronic products may remain low for some time due to an escalating trade war between the United States and China, and we will continue to monitor the trade tension and adjust our strategy if necessary.â€�

Mr. So further commented, “Our company’s balance sheet remains strong, despite the losses. Total cash and total current assets at March 31, 2019 were $7.5 million and  $10.4 million, respectively, with working capital of $6.2 million and a current ratio of 2.5:1.�

About Bonso Electronics

Bonso Electronics designs, develops, manufactures, assembles and markets a comprehensive line of electronic scales, weighing instruments and pet electronic products. Bonso products are manufactured in the People’s Republic of China for customers primarily located in North America and Europe. Company services include product design and prototyping, production tooling, procurement of components, total quality management, and just-in-time delivery. Bonso also independently designs and develops electronic products for private label markets. Bonso rents factory space and equipment to third parties and is also continuing the process to obtain the necessary approvals to redevelop the land upon which its Shenzhen factory is located. For further information, visit the company’s web site at https://www.bonso.com.

This news release includes forward looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended. Forward looking statements may be identified by such words or phrases as “should,” “intends,” “is subject to,” “expects,” “will,” “continue,” “anticipate,” “estimated,” “projected,” “may,” “I or we believe,” “future prospects,” “our strategy,” or similar expressions. Forward-looking statements made in this press release, which relate to the reduction of losses and a positive impact upon our future operations involve known and unknown risks and uncertainties that may cause the actual results to differ materially from those expected and stated in this announcement. We undertake no obligation to update “forward-looking” statements.

For more information please contact:
                                                                                                
Albert So
Chief Financial Officer and Secretary
Tel: 852 2605 5822
Fax: 852 2691 1724
SOURCE Bonso Electronics