Premium / Supply chain radar: Private investigations – the China Merchants conundrum

first_imgBy Gavin van Marle 01/05/2020 Email* Email* Forgotten your password? Please click here Subscription required for Premium stories In order to view the entire article please login with a valid subscription below or register an account and subscribe to Premium Please either REGISTER or login below to continue Premium subscriber LOGIN << Go back New Premium subscriber REGISTER Password* LOGIN Please Login Reset Reset Your Password Someone’s been spilling the beans in Hong Kong this week when they told a Bloomberg reporter that state-owned China Merchants Group (CMG) has been thinking it would be a neat idea to take its port operating subsidiary private.China Merchants Port Holdings (CMPorts) is currently listed on the Hong Kong Stock Exchange, with Bloomberg estimating that CMG currently owns some 63% of the shares.CMPorts issued a flat, although admittedly weirdly worded, denial: noting the press speculation, it said “the company is ...last_img read more

Singtel shakes up management, names former Nokia boss as director

first_img Joseph Waring Singtel rethinks strategy after profit plummets Nokia scores Philippines 5G deal with Dito Related HomeAsiaNews Singtel shakes up management, names former Nokia boss as director Tags Asia operator Singtel created a 5G enterprise unit to accelerate customers’ digital transformation using its regional footprint and changed the line of reporting for its ICT arm NCS to give it greater autonomy, as part of a major corporate restructuring.In a statement, new group CEO Yuen Kuan Moon argued 5G is going to be more than just a connectivity play, and “this refocus of the business will allow us to go after the digital growth that 5G will fuel as a plethora of use cases and business models emerge”.The ICT unit will report directly to the group CEO to speed up the operator’s expansion into Asia Pacific, with a focus on Australia and China, the company said.Meanwhile the company’s Group Strategy and Business Development unit was combined with the Digital Life division to form the Strategic Portfolio unit, headed by Samba Natarajan (previously Digital Life CEO).Its International Group, which currently manages Singtel’s portfolio of strategic telecom investments, will be brought under the group CFO office on 1 April, with Arthur Lang, currently head of the International Group, taking the helm.The operator’s board also appointed former Nokia CEO Rajeev Suri as an independent director.Anna Yip, deputy CEO of the Consumer Singapore division, and NCS CEO Ng Kuo Pin joined the company’s management committee. Allen Lew, CEO of Group Strategy and Business Development, and Jeann Low, group chief corporate officer, will retire from the committee at end-April.“Our renewed management structure will help shape and support our business agenda as we strive to prioritise businesses where we can be relevant in the longer term and grow sustainably,” Yuen said. Subscribe to our daily newsletter Back Joseph Waring joins Mobile World Live as the Asia editor for its new Asia channel. Before joining the GSMA, Joseph was group editor for Telecom Asia for more than ten years. In addition to writing features, news and blogs, he… Read more center_img AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore11 04 JAN 2021 Telkomsel turns on 5G in major cities Author Asia Previous ArticleChina downplays impact of NYSE operator delistingsNext ArticleVodafone ends STC talks over Egypt sale 5GenterpriseSingTellast_img read more

H1N1 NEWS SCAN: Flu deaths in Alabama, kids’ bacterial complications, vaccine refund

first_imgApr 22, 2010Alabama reporting 1 H1N1 death per weekOne fourth of Alabama’s 52 pandemic flu deaths have occurred this year, health officials report, and over the past several weeks the death toll has risen. The Montgomery Advertiser reports today that, after recording five H1N1 deaths in January and February, the state has already seen eight in March and April. “It looked like it [death rate] had peaked and was reaching the lower end of the bell curve,” said Dr. Jim McVay of the Alabama Department of Public Health. “Then it increased.”Study highlights bacterial complications in kidsResearchers studying children hospitalized with parapneumonic empyema from 2004 to 2009 compared rates of the condition before and during the H1N1 pandemic and found an increase in pneumonia complicated by empyema during the pandemic. The study, published in the Pediatric Infectious Disease Journal, found infection with Streptococcus pneumoniae and S pyogenes associated with H1N1 flu. The authors call for better understanding of bacterial complications of pandemic flu. 19 Ped Infect Dis J abstractBritish Columbia tries to recoup loss of expired vaccineBritish Columbia hopes to get back at least some of the $20 million it paid for 2.5 million doses of adjuvanted H1N1 vaccine that is becoming ineffective long before its expiration date, CBC News reported. The vaccine was supposed to last 18 months but had only a 6-month shelf life. Provincial health minister Ida Chong said officials are seeing what they can do “to find out if there is any kind of recovery.” The province, which had a 40% vaccination rate, has some unadjuvanted vaccine available. 21 CBC News reportlast_img read more

Police are coming, Hyde!

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Resolute Marine Energy Establishes South African Subsidiary

first_imgResolute Marine Energy, Inc. (RME) recently completed the registration of its 100% owned subsidiary in the Republic of South Africa, Resolute Marine SA (Proprietary) Limited (RMESA). RME COO Olivier Ceberio commented: “We’ve been developing solid business relationships in South Africa for over 5 years and we feel it is now time to show our strong commitment to doing business there.” “South Africa has a strong wave resource, much of its population lives near the coast and yet many of its coastal areas have limited access to sufficient supplies of water and electricity.” Ceberio continued: “We’ve also learned that South Africa has a skilled workforce and great manufacturing capabilities so we’re confident that this is a market and region where we should be investing a great deal of our time and effort.” [mappress mapid=”14227″]Press Release, August 25, 2014; Image: Resolute Marine Energylast_img read more

Tanzania giants Simba SC to sign Ghanaian striker Michael Sarpong

first_imgEgypt, Cyprus sign gas deal China and Tanzania Sign Development Agreements Michael Sarpong. /Social Media Michael Sarpong. /Social MediaTanzania giants Simba SC are close to signing Ghanaian striker Michael Sarpong after the latter’s talks with Rayon Sports failed.Rayon were looking to re-sign Sarpong after sacking him in April, but the club have reportedly ended their pursuit of the marksman after getting the signature of Alex Harllay Nyarko from Togo on Friday.Sarpong saw his contract terminated and fired after protesting the club’s decision to suspend players’ salaries for three months owing to the COVID-19 pandemic.He also allegedly insulted the club’s president Sadate Munyakazi.Speaking to The New Times on Friday, Sarpong confirmed that he had held productive talks with Simba SC and a contract was under development between his agent and the Tanzania champions.“We have an agreement in place and everything seems to be going smoothly, hopefully the deal can be sealed in the near future. The contract is being worked on between my agent and Simba,” said Sarpong.(With input from The New Times) Related Talk Africa : Zambia After Michael Satalast_img read more

Ravn Alaska Agents Stole Roughly $500,000 In Goods, According To Feds

first_imgAccording to KTVA-TV: only one of the six defendants, Lepou, was listed in custody Saturday in a statewide inmate database; he is being held at the Anchorage Jail. A federal grand jury indicted the defendants; Congress Lepou, Breadoflife “Presley” Faiupu, Hubert Barte, Paulo Maae, Harold Velicaria and Rogelio “Roger” Daquis, on 33 counts including conspiracy, mail theft and possession of stolen mail. FacebookTwitterEmailPrintFriendly分享According to Federal authorities former employees of Ravn Alaska stole hundreds of computers and other items that were in route to rural Alaska during a two-year period, while they worked as ramp agents for the airline. From March 2015 to April 2017, approximately 343 Apple computers went missing after being scanned in by U.S. Postal Service Distribution Center, but before arriving at the U.S. post offices in these villages. Ravn Alaska issued a statement on Sunday stating that none of the people named in the indictment were still employed by the airline: “When this matter came to our attention, we immediately cooperated with U.S. Post Office officials, assisted in their investigation, took prompt corrective action, and terminated the employment of the people involved.” According to charging documents, Ravn Alaska employees utilized a company vehicle, including the “supervisor truck,” to pick up mail from the U.S. Postal Service Processing and Distribution Center in Anchorage, and deliver it to the Ravn airplanes at Old International Airport Rd., Anchorage, for delivery to the Alaskan villages of Saint Marys, Mountain Village, Stebbins, Unalakleet, Emmonak, Kotlik, Alakanuk, Aniak, Greyling, Kalskag, Koyuk, among others. Story as aired:last_img read more