KARAK, PAHANG, MALAYSIA, Oct 10, 2024 - (ACN Newswire via SeaPRwire.com) - EdgePoint Towers Sdn Bhd, part of EdgePoint Infrastructure, the ASEAN-based independent telecommunications infrastructure company, today launched its first digital classroom in Malaysia at Sekolah Kebangsaan (SK) Sungai Dua in Karak, Pahang. This launch represents the first of 2 digital classroom projects under its regional corporate social responsibility Connectivity for Communities (CFC) program. CFC aims to connect schools in underserved areas, providing them and its surrounding areas with access to the internet. At the curtain drawing ceremony-Encik Hanad Yusuf- Chief Sales and Commercial Officer EdgePoint Towers (centre left) Yang Berusaha Tuan Zainal Bin Abas- Deputy Director General of Education Malaysia (centre right) Flanked by officials from the Ministry of Education Malaysia.Executed in collaboration with our partners, including Impact Malaysia, this digital classroom will offer over 100 students between the ages of 5 and 12 a dedicated space for learning. It will be fully equipped with seamless and unlimited internet connection and will also provide students with various educational materials, interactive learning platforms, and multimedia content on their academic subjects and interests. The programme will also include capacity development programs for school staff to ensure the effective management and sustainability of the initiatives.Yang Berusaha Tuan Zainal Bin Abas, Deputy Director General of Education Malaysia, said, "In addition to formal education, access to the vast resources available online will not only enhance children’s learning beyond a physical classroom, but also provide them with the right tools and technologies to further develop themselves as individuals. Our national commitment to digital inclusion means we collaborate with technology and knowledge partners to provide affordable and equitable access for all, and EdgePoint’s CFC programme supports the government’s efforts to develop digital-savvy Malaysians who are able to effectively contribute to society and in the long run, participate in the digital economy. We welcome public-private partnerships such as these which are crucial in realising our national ambitions.”Muniff Kamaruddin, Chief Executive Officer of EdgePoint Towers, said, "Connectivity today is as essential as the utilities we use daily. As infrastructure providers we want to do our part in ensuring equitable access to connectivity for all students in Malaysia. By providing them with the right tools, technologies and digital resources we aim to empower these students and teachers, giving them platforms for bigger, brighter futures. The access to connectivity from infrastructure deployed here will also extend to the surrounding orang asli communities, giving them access to online health care, banking, government services, retail and gig opportunities. We hope this also opens doors for alternative income options allowing them to elevate their quality of lives. This is also in line with our commitment to connecting the unconnected and ensuring a digitally inclusive Malaysia”.Tuan Ahmad Jafri Bin Dolah, Headmaster at SK Sungai Dua, Karak said, “This digital classroom will not only provide our students with access to the internet but change the way we teach entirely. We are now able to access online resources, participate in digital classes, collaborate and share ideas with other educators as well as provide e-learning and alternative materials to the children. We are not only imparting knowledge but also preparing them for the digital world and making them more well-rounded individuals. This elevates the quality of education we will be providing to the students from here on”. Puan Nurul Azwa binti Mohamad Rodzi, Deputy Chief Executive Officer of Impact Malaysia said, "Impact Malaysia’s goal is to continue to empower communities by focusing on youth development and enabling young people to take charge of their futures. Through partnerships such as these, we are able to advise on the locations or communities which are most in need of affordable, reliable and meaningful connectivity and subsequently bring lasting changes to them”.Present at the unveiling of the digital classroom were Yang Berusaha Tuan Zainal Bin Abas, Deputy Director General of Education Malaysia (School Operations Sector), a representative for the Minister of Education; Yang Berusaha Encik Amzan bin Abd Malek, State Education Director of Pahang; Yang Mulia Tunku Dato’ Mahmood Fawzy bin Tunku Muhyiddin, Chairman of EdgePoint Malaysia Holdings and Encik Hanad Yusuf, Chief Sales and Commercial Officer, EdgePoint Towers; Tuan Mohd Razi bin Jaafar, Chief Financial Officer, Yayasan Didik Negara; Tuan Ahmad Jafri Bin Dolah, Headmaster of SK Sungai Dua; Encik Shahrizal Husin, Head of Development for Pahang State, Malaysian Communications and Multimedia Commission (MCMC); Puan Nurul Azwa binti Mohamad Rodzi, Deputy Chief Executive Officer of Impact Integrated, and senior management of MOE.This is the fifth digital classroom EdgePoint is launching under the CFC programme, with a target to launch a total of 10 schools by the end of 2024.About EdgePoint InfrastructureEdgePoint Infrastructure is an ASEAN based independent telecommunications infrastructure company that aspires towards Building a Connected, Digital ASEAN. Headquartered in Singapore with operations in Malaysia, Indonesia and the Philippines, through EdgePoint Towers Sdn Bhd, PT Centratama Telekomunikasi Indonesia, Tbk and EdgePoints Towers Inc. respectively, the company is focused on providing sharable and leading-edge telecom structures, small cells and in-building systems. EdgePoint aims to be an industry leader through scale and innovation, driving operational efficiencies through the adoption of analytics and digital technologies.Rolled out across Malaysia, Indonesia, and the Philippines, the CFC programme is part of EdgePoint’s ongoing commitment to enhancing equitable access to connectivity across the region, especially in the underserved communities. In an effort to ensure the right communities benefit from these initiatives, EdgePoint has partnered with local organisations who understand the grassroots’ needs better in each country, allowing them to curate the right programmes towards improving connectivity and promoting digital literacy.For more information on EdgePoint, please visit https://edgepointinfra.com.Issued on behalf of EdgePoint Infrastructure Sdn Bhd by Narro Communications.For media queries, please contact:Annushia BalavijendranHead of Marketing, EdgePoint InfrastructureMobile: +6016 371 3227Email: annushia@edgepointinfra.comTimothy GunapalanNarro CommunicationsMobile: +6019 355 2520Email: timothy@narrocomms.com Copyright 2024 ACN Newswire via SeaPRwire.com.

KUALA LUMPUR, Oct 10, 2024 - (ACN Newswire via SeaPRwire.com) - Public Bank Berhad (“Public Bank”) had on 10 October 2024 entered into a conditional sale and purchase agreement (“SPA”) with the Estate of the Late Tan Sri Dato’ Sri Dr. Teh Hong Piow (“Estate”) and Consolidated Teh Holdings Sdn. Bhd. (“ConTeh”) to acquire in aggregate 175,896,000 ordinary shares in LPI Capital Bhd (“LPI”), representing approximately 44.15% equity interest in LPI, for a total cash consideration of RM1.72 billion (“Proposed Acquisition”).LPI, a company listed on the Main Market of Bursa Malaysia, has been in operations for over 60 years and is mainly involved in the underwriting of general insurance. It currently has 21 branches throughout Malaysia, 1 branch in Singapore and also operates in Cambodia through an associate company.Speaking at the press conference after the SPA signing ceremony, Tan Sri Dato’ Sri Dr. Tay Ah Lek, Managing Director and Chief Executive Officer of Public Bank said, “The Proposed Acquisition represents a strategic opportunity for Public Bank to further expand its general insurance segment into the Malaysian market through the LPI Group. This will allow the enlarged Public Bank Group to establish an immediate market presence and strong foothold in the general insurance segment in Malaysia as a comprehensive complementary service to its current financial services and Family Takaful offerings.”He further added that, “The Proposed Acquisition is also in line with our Group’s plans to expand beyond just organic growth but through strategic acquisitions to expand our product and service offerings as evident by our recent completion of the acquisition of Public Bank Securities Vietnam Company Limited which allowed our Group to expand our financial services offering in Vietnam with the inclusion of securities trading services.”Tan Sri Tay concluded by saying, “This strategic acquisition of LPI Group, a long-established and leading general insurance player in Malaysia, represents a clear and unique opportunity for us to accelerate our vision to move towards a “Universal Banking Model” that offers comprehensive and diverse range of financial and other related products and services under the same group.With our existing network of over 260 branches located throughout the country, LPI Group would be able to leverage and expand its distribution channels and further grow its general insurance business in Malaysia. In addition, we would also be able to tap into the sales and distribution network of LPI and further expand our reach to cover clients and customers of LPI.Aside from the mutual cross selling of products and services, Public Bank and LPI will also explore possibilities on developing new integrated products and services catering to our customers’ financial and insurance needs.”As this is a related party transaction, the Proposed Acquisition is subject to the approval of the non-interested shareholders of Public Bank at an Extraordinary General Meeting (“EGM”) to be held at a later date. Should the Proposed Acquisition be approved at the EGM, Public Bank will be obliged to extend an unconditional mandatory take-over offer (“MGO”) (“Proposed Offer”) for the remaining equity interest in LPI not already owned by it.It is pertinent to note that Public Bank has received the approval from the Ministry of Finance and Bank Negara Malaysia for the Proposed Acquisition and is expected to complete this corporate exercise in the 1st quarter of 2025.Barring any unforeseen circumstances, the Proposed Acquisition is expected to be value accretive and contribute positively to the future earnings of the Public Bank Group.At the same press conference, Teh Li Shian Diona, the youngest daughter of the late Tan Sri Dato’ Sri Dr. Teh Hong Piow also announced that the Estate and ConTeh intends to undertake a restricted offer for sale (“ROFS”) of a portion of their Public Bank Shares, progressively over a 5-year period and will be in compliance with the Financial Services Act.Diona Teh said, “My father often said that the success of Public Bank was not his alone – it is built on the trust and loyalty of its shareholders and the relentless commitment of its employees, or as he would like to call them his “corporate family”.“To honour his legacy and to show our deep appreciation and gratitude, we will be undertaking an exercise to distribute a portion of our Public Bank shares at a discount to all employees, directors and eligible shareholders of the Public Bank Group. This initiative aims to ensure that Public Bank remains in the hands of those who have nurtured its growth and success over the years, enabling us to continue building our legacy together.”She further added that, “Although we will be streamlining our stake, I would like to take this opportunity to reiterate our firm and unwavering commitment to continue as the major shareholders of Public Bank. This is not just a role or title for us – it is an honour and a responsibility that we deeply cherish. We are devoted to upholding my father’s legacy and continuing the stewardship of this esteemed institution.”“For this, we are deeply grateful to Bank Negara Malaysia and the Ministry of Finance for their trust in us by granting us the approval to continue helming Public Bank. With their support, we will perform our utmost best to lead Public Bank with the same passion, integrity, and vision that has defined the PBB group thus far.”Issued By: Swan Consultancy Sdn. Bhd. on behalf of Public Bank BerhadFor more information, please contact:Xinyi ChingEmail: x.ching@swanconsultancy.biz Copyright 2024 ACN Newswire via SeaPRwire.com.

LONDON, Oct 10, 2024 - (ACN Newswire via SeaPRwire.com) - In the face of rapid digital transformation across the UK and Ireland, businesses are increasingly turning to AI and personalisation technologies to enhance customer engagement in 2025, according to the newly released ‘Customer Experience Live UK Intelligence Report 2024'. The report, unveiled at the co-located Customer Experience Live Show UK and Digital Experience Show UK 2024, reveals that 62% of companies are investing in AI, while 52% are focusing on personalising service delivery to meet rising customer expectations.The report outlines how businesses are focusing on improving customer journey mapping (53%) and re-evaluating voice-of-customer initiatives (49%), underscoring that organisations are intensifying efforts to better understand and anticipate customer needs. The rising use of AI is set to transform the way businesses deliver real-time, tailored customer interactions, with 49% of companies re-assessing chatbot and automation solutions to optimise customer service operations.One of the key challenges facing enterprises in the region is re-imagining CX, with 50% of respondents citing this as a priority, alongside data-driven decision-making (47%), and increasing customer satisfaction and retention (38%). As companies work towards achieving operational efficiency (33%), the emphasis on digital transformation initiatives is undeniable. To address these challenges, businesses are upgrading their digital solution stacks, with 47% improving their digital engagement and customer care platforms. Additionally, 46% are investing in customer analytics and personas to gain deeper insights into customer behaviour, while 43% are turning to omnichannel engagement strategies to deliver cohesive, seamless experiences across all touchpoints.Commenting on the findings, Ayusha Tyagi, Managing Director of Customer Experience Live, noted, "The intelligence report highlights a pivotal moment for UK & I businesses. As companies amplify their investment in AI and digital technologies, they are not only meeting customer demands for personalised, real-time experiences but also setting themselves up for long-term success in an increasingly digital marketplace."The Customer Experience Live Show UK and Digital Experience Show UK 2024, held at Hilton Syon Park in London, brought together senior industry leaders to explore the latest trends shaping customer and digital experiences. Featuring expert discussions on brand experience, business transformation, data excellence, AI, automation, and omnichannel strategies, the event provided a crucial platform for businesses in the region to share best practices and future-shaping solutions.The event was supported by leading sponsors and partners, including Verint, Concentrix, Talkdesk, Konnect Insights, Squiz, manifesto, Acquia, Zoho, and Answered by Aramex, alongside strategic partners such as the International Customer Experience Institute, Customer Institute, and Directors Club, with BNC as the Project Intelligence Partner. Media partners included Customer Data Platform Institute, ACN Newswire via SeaPRwire.com, Siliconindia, StartupNews.fyi, and CIOReview. Thought leaders from prominent organisations, including NHS, Bank of England, Rolls-Royce, Electrolux, Close Brothers, Formula E, and Adidas, shared valuable insights on navigating the complexities of digital transformation while keeping the customer at the heart of decision-making.A highlight of the conference was the Customer Experience Live Awards UK 2024, which celebrated organisations that have made remarkable strides in CX innovation. Among the distinguished winners were Telecommunications And Digital Government Regulatory Authority (TDRA), Tawuniya, Saudi Electricity Company, OVO Energy, Zakat, Tax, and Customs Authority (ZATCA), Quilter, Riyadh Airports Company, Espire Infolabs, MSD, and Verint, who were recognised for their exceptional efforts in transforming customer engagement and delivering cutting-edge service through digital innovation.For more insights into the digital CX strategies driving the future of customer experience in the region, download the full 'Customer Experience Live UK Intelligence Report 2024' at www.customer-experience.live/industry-reports.About Customer Experience LiveCustomer Experience Live is a leading digital customer experience insights and research powerhouse in the EMEA region. The company is committed to rigorous research that drives the conceptualisation of programs and activations essential for top-level executives to fuel growth within their organisations. With a keen focus on assisting leading solution providers in navigating the EMEA market, it delves into understanding end-user needs comprehensively, facilitating the generation of high-quality leads and ultimately securing successful business ventures.For more information, please contactRiji Raju, Customer Experience LiveEmail: riji.raju@customer-experience.live Copyright 2024 ACN Newswire via SeaPRwire.com.

SINGAPORE, Oct 10, 2024 - (ACN Newswire via SeaPRwire.com) - Customized Training Solutions Pte. Ltd. (CTS) is hosting a virtual summit, “Empowering Cyber Resilience,” aimed at addressing the growing cyber threats facing today's interconnected world. This two-half day event will bring together top industry leaders, government officials, and cybersecurity experts to provide actionable strategies for organizations to enhance their cyber resilience, focusing on People, Process, and Technology.As cyber threats escalate, resilience is now essential to protect data, maintain business continuity, and recover quickly after cyber incidents. This summit emphasizes a holistic approach—combining human factors, organizational processes, and the latest technologies.Key Focus: People, Process, and TechnologyPeople: Cyber awareness and creating a "human firewall" are critical. Speakers will emphasize security-first cultures and employee training, ensuring staff become the first line of defense against attacks. Jocel de Guzman notes, "Empowering stakeholders as cyber defenders is vital."Process: From incident response to regulatory compliance, clear processes are essential. Attendees will gain insights on refining procedures for better threat management and recovery, with best practices shared by government and industry experts.Technology: Cutting-edge tools such as AI, blockchain, and cloud security will be explored. Charmaine Valmonte, CISO of Aboitiz Group, will discuss integrating these innovations to enhance both preventive and reactive security measures together with other distinguished panelists.Fostering Cross-Sector CollaborationThe summit also highlights the importance of collaboration across industries like finance, healthcare telecommunications and more. Experts will share strategies for mitigating sector-specific risks. Dr. Elizalde Javier Duran of CyberSocPH together with other government officials will emphasize, “Cross-sector cooperation as an essential part of national cyber defense.”Day 1 will cover foundational topics and sector challenges, including a keynote from Dato Ts Dr. Amirudin Wahab, CEO of Cybersecurity Malaysia, on defending critical ICT infrastructure. Day 2 will focus on emerging trends, such as AI’s evolving role in cyber defense.Speakers and PanelsAttendees can expect to gain insights from a diverse array of speakers, features multiple interactive panels designed to equip attendees with practical knowledge to implement immediate including:Mr. Onil Jaia G. Leyda, Technical Solutions Consultant, ManageEngineMr. Anthony Dayrit, Head of Global Security Defense & Operations, ASM, offering insights into hacker motivations and evolving attack methods.Ms. Mel Migriño, Chairman of Women in Security Alliance Philippines, on cybersecurity trends shaping the future.Mr. Michael L. Aguirre, CPA, MBA , MST, Senior Partner & Founder of UHY M. L. Aguirre & Co., CPAs and Babylon2KMr. Ethan Seow, Director and Co-Founder C4AILDr. Anuradha Rao, Founder, CyberCognizanz, Associate Faculty, SUSS, Global DEI Advisory Council Member, ISC2Mr. David Robinson, co-founder and the Managing Partner at &How IntelligenceMr. Duncan Kenwright, Managing Director Global Solutions, APAC, Verizon BusinessBuilding Resilience for the Future"Cyber resilience, combining People, Process, and Technology, is crucial for businesses," says Marylen Ramos-Velasco, CEO of CTS. This summit aims to equip organizations with the tools and insights needed for long-term success in today’s evolving threat landscape.For more information, visit www.ctsolutionsglobal.com/cyber-resilience-summit. Copyright 2024 ACN Newswire via SeaPRwire.com.

KARAK, PAHANG, Oct 9, 2024 - (ACN Newswire via SeaPRwire.com) - EdgePoint Towers Sdn Bhd, part of EdgePoint Infrastructure (“EdgePoint”), the ASEAN-based independent telecommunications infrastructure company, today launched its first digital classroom in Malaysia at Sekolah Kebangsaan (SK) Sungai Dua in Karak, Pahang. This launch represents the first of two (2) digital classroom projects under its regional corporate social responsibility Connectivity for Communities programme (CFC). CFC aims to connect schools in underserved areas, providing them and its surrounding areas with access to the internet. Present at the unveiling of the digital classroom were Yang Berusaha Tuan Zainal Bin Abas Deputy Director General of Education Malaysia (School Operations Sector)- a representative for the Minister of Education; Yang Berusaha Encik Amzan bin Abd Malek, State Education Director of Pahang; Yang Mulia Tunku Dato’ Mahmood Fawzy bin Tunku Muhyiddin, Chairman of EdgePoint Malaysia Holdings and Encik Hanad Yusuf, Chief Sales and Commercial Officer, EdgePoint Towers; Tuan Mohd Razi bin Jaafar, Chief Financial Officer, Yayasan Didik Negara; Tuan Ahmad Jafri Bin Dolah, Headmaster of SK Sungai Dua; Encik Shahrizal Husin, Head of Development for Pahang State, Malaysian Communications and Multimedia Commission (MCMC); Puan Nurul Azwa binti Mohamad Rodzi, Deputy Chief Executive Officer of Impact Integrated, and senior management of MOE.Yang Berusaha Tuan Zainal Bin Abas Deputy Director General of Education Malaysia said, "In addition to formal education, access to the vast resources available online will not only enhance children’s learning beyond a physical classroom, but also provide them with the right tools and technologies to further develop themselves as individuals. Our national commitment to digital inclusion means we collaborate with technology and knowledge partners to provide affordable and equitable access for all, and EdgePoint’s CFC programme supports the government’s efforts to develop digital-savvy Malaysians who are able to effectively contribute to society and in the long run, participate in the digital economy. We welcome public-private partnerships such as these which are crucial in realising our national ambitions.”Muniff Kamaruddin, Chief Executive Officer of EdgePoint Towers said, "Connectivity today is as essential as the utilities we use daily. As infrastructure providers we want to do our part in ensuring equitable access to connectivity for all students in Malaysia. By providing them with the right tools, technologies and digital resources we aim to empower these students and teachers, giving them platforms for bigger, brighter futures. The access to connectivity from infrastructure deployed here will also extend to the surrounding orang asli communities, giving them access to online health care, banking, government services, retail and gig opportunities. We hope this also opens doors for alternative income options allowing them to elevate their quality of lives. This is also in line with our commitment to connecting the unconnected and ensuring a digitally inclusive Malaysia”.Executed in collaboration with our partners, including Impact Malaysia, this digital classroom will offer over 100 students between the ages of 5 and 12 a dedicated space for learning. It will be fully equipped with seamless and unlimited internet connection and will also provide students with various educational materials, interactive learning platforms, and multimedia content on their academic subjects and interests. The programme will also include capacity development programs for school staff to ensure the effective management and sustainability of the initiatives.Tuan Ahmad Jafri Bin Dolah, Headmaster at SK Sungai Dua, Karak said, “This digital classroom will not only provide our students with access to the internet but change the way we teach entirely. We are now able to access online resources, participate in digital classes, collaborate and share ideas with other educators as well as provide e-learning and alternative materials to the children. We are not only imparting knowledge but also preparing them for the digital world and making them more well-rounded individuals. This elevates the quality of education we will be providing to the students from here on”. Puan Nurul Azwa binti Mohamad Rodzi, Deputy Chief Executive Officer of Impact Malaysia said, "Impact Malaysia’s goal is to continue to empower communities by focusing on youth development and enabling young people to take charge of their futures. Through partnerships such as these, we are able to advise on the locations or communities which are most in need of affordable, reliable and meaningful connectivity and subsequently bring lasting changes to them”.This is the fifth digital classroom EdgePoint is launching under the CFC programme, and target to launch a total of 10 schools by the end of 2024.ABOUT EDGEPOINT INFRASTRUCTUREEdgePoint Infrastructure is an ASEAN based independent telecommunications infrastructure company that aspires towards Building a Connected, Digital ASEAN. Headquartered in Singapore with operations in Malaysia, Indonesia and the Philippines, through EdgePoint Towers Sdn Bhd, PT Centratama Telekomunikasi Indonesia, Tbk and EdgePoints Towers Inc. respectively, the company is focused on providing sharable and leading-edge telecom structures, small cells and in-building systems. EdgePoint aims to be an industry leader through scale and innovation, driving operational efficiencies through the adoption of analytics and digital technologies.For more information on EdgePoint, please visit https://edgepointinfra.com/. Issued on behalf of EdgePoint Infrastructure Sdn Bhd by Narro CommunicationsFor media queries, please contact:Annushia BalavijendranHead of Marketing, EdgePoint InfrastructureMobile: +6016 371 3227Email: annushia@edgepointinfra.comTimothy GunapalanNarro CommunicationsMobile: +6019 355 2520Email: timothy@narrocomms.com Copyright 2024 ACN Newswire via SeaPRwire.com.

SINGAPORE, Oct 9, 2024 - (ACN Newswire via SeaPRwire.com) - People often associate the matters of the heart with emotional experiences, but heart health is a critical aspect that often goes unnoticed until it is too late. Today, heart health is not only associated with high cholesterol levels and blood pressure. The difference in an individual’s ethnicity and lifestyle causes varying susceptibilities to cardiovascular diseases, further compounding the risk factors for heart health. In Singapore alone, cardiovascular diseases kill 1 out of every 3 people, a number that is not only shocking, but also worrying.While maintaining an active lifestyle and consuming healthy food are fundamental to improving the heart health of individuals, Singaporeans engaging in sufficient physical activity has decreased by nearly 10% since 2022. This lack of physical activity, coupled with increased stress levels and other socio-economic factors contribute to fat and plaque buildup in and around the heart and arteries, significantly increasing the risk of cardiovascular diseases.This World Heart Day on 29 September, LAC (pronounced as L-A-C) aims to support good heart health through LAC Activated® Heart Protect™.Heart attacks are typically caused by plaque build-up in the arteries, which restricts smooth blood flow to the heart and can eventually lead to blood clots. Alongside regular physical activity, LAC Activated® Heart Protect™ can support heart health. Formulated with Nattokinase, a powerful enzyme with anti-clotting properties, it helps to prevent blood clots and promote better circulation.In addition, the LAC Activated® Heart Protect™ also contains Hawthorn and Lecithin, which work together to manage cholesterol levels and promote healthy blood circulation. Copyright 2024 ACN Newswire via SeaPRwire.com.

HONG KONG, Oct 9, 2024 - (ACN Newswire via SeaPRwire.com) - SAP SE (NYSE: SAP) unveiled groundbreaking AI innovations across a technology foundation that drives 87% of global commerce, putting its generative AI copilot Joule at the center of a new way of doing business. At its annual SAP TechEd conference, SAP announced powerful new capabilities that complement and extend Joule, including collaborative AI agents imbued with custom skills to complete complex cross-disciplinary tasks. Other innovations include the SAP Knowledge Graph, a next-generation solution poised to help developers unlock the full value of SAP data by connecting it with rich business context, and new tools to ensure developers can continue driving Business AI innovation.Muhammad Alam, member of the Executive Board of SAP SE, SAP Product Engineering"SAP’s innovation drives real business outcomes, and today's advancements help customers harness the power of AI, data and new development solutions to catalyze growth,” said Muhammad Alam, member of the Executive Board of SAP SE, SAP Product Engineering. “Drawing on SAP’s unmatched business and technology expertise, the AI innovations we’re announcing at TechEd forge a new human-AI partnership to transform the landscape of modern business.”Supercharging JouleOn the eve of its first birthday, Joule marks a watershed in how business gets done. SAP introduces collaborative AI agents to a copilot that truly speaks the language of business, expands Joule’s capabilities to support 80% of SAP’s most-used business tasks and embeds Joule more deeply within the company’s portfolio.Collaborative multi-agent systems deploy specialized AI agents to tackle specific tasks and enable them to collaborate on intricate business workflows, adapting their strategies to meet shared objectives. SAP is infusing Joule with multiple collaborative AI agents that will combine their unique expertise across business functions to collaboratively accomplish complex workflows. These AI agents enhance productivity by breaking down silos and freeing workers to concentrate on areas where human ingenuity thrives. Two use cases debuted at TechEd showcase the agents’ transformative power:- A dispute management use case employs autonomous AI agents to analyze and resolve dispute resolution scenarios including incorrect and missing invoices, unapplied credits and denied or duplicate payments.- A financial accounting use case employs autonomous AI agents to streamline key financial processes by automating bill payments, invoice processing, and ledger updates while quickly addressing inconsistencies or errors. Harnessing the Power of DataSAP’s AI innovations also draw on the company’s unmatched business data expertise. The new SAP Knowledge Graph solution, accessible through SAP Datasphere and Joule in Q1 2025, will give users a deeper layer of business understanding by seamlessly mapping relationships and context across SAP's vast data landscape, empowering organizations to make better decisions with their data. By offering ready-to-use relationships between business entities like purchase orders, invoices, and customers, the solution can significantly reduce the complexity of manual data modeling. SAP Knowledge Graph grounds AI in SAP-specific business semantics, which reduces the risk of inaccurate or irrelevant results and makes it easier for organizations to build intelligent applications and leverage generative AI more effectively.Empowering DevelopersSAP also launched a swathe of innovations for developers to continue driving Business AI innovation. New generative AI developer capabilities such as code explanation and documentation search in SAP Build, the company’s platform for extending its solutions, will reduce development time for Java and JavaScript developers. SAP Build is also adding an Extensibility Wizard feature that will let developers access SAP Build directly from SAP S/4HANA Cloud Public Edition, simplifying the extension process. Meanwhile, ABAP developers and fusion teams will get seamless access to ABAP Cloud development tools from SAP Build.Finally, SAP announced that it has already fulfilled its pledge to upskill 2 million people worldwide by 2025. Through its learning opportunities, the company has lowered the world’s digital skills gap through role-based certifications, free training materials, hands-on opportunities for developers, and more. SAP continues to expand its growing portfolio of AI-related learning opportunities, including courses on generative AI, AI ethics, and SAP’s advanced AI tools and platforms.Visit the SAP News Center. Follow SAP at @SAPNews.About SAPAs a global leader in enterprise applications and business AI, SAP (NYSE: SAP) stands at the nexus of business and technology. For over 50 years, organizations have trusted SAP to bring out their best by uniting business-critical operations spanning finance, procurement, HR, supply chain, and customer experience. For more information, visit https://www.sap.com/hk .For media enquiries, please contact:Strategic Public Relations Group (SPRG)Andico Tsuiandico.tsui@sprg.com.hk+852 2114 4346 / 6902 3831Vincent Ipvincent.ip@sprg.com.hk+852 2114 4341 / 5498 9705 Copyright 2024 ACN Newswire via SeaPRwire.com.

Dhaka & Singapore, Oct 8, 2024 - (ACN Newswire via SeaPRwire.com) - Summit LNG Terminal II Co Ltd (“SLNG II”), a unit of Summit Group, has urged the Government of Bangladesh to reverse its decision to terminate the third Floating Storage and Regasification Unit (“FSRU”) project in the country.SLNG II said it had received a notice from the Bangladesh Oil, Gas & Mineral Corporation (“Petrobangla”) on 7 October notifying the termination of the project situated at Moheshkhali in Cox’s Bazar.The Moheshkhali terminal (“2nd FSRU”) in southeast Bangladesh is the second floating gas terminal project undertaken by Summit Group with a planned regasification capacity of 600 million standard cubic feet per day.In response to media queries, SLNG II wishes to clarify the following: 1) In late 2020, the Government of Bangladesh made a strategic decision to transition from coal-fired power generation to natural gas, a cleaner energy source. The initiative was also aimed at boosting gas supply to ensure energy security and support industrial growth. Summit Group submitted a proposal on 11 October 2021, to implement a FSRU on a Build, Own, Operate, and Transfer (BOOT) basis. The proposal was approved by the Cabinet Committee on Economic Affairs on 14 June 2023.The approval followed two years of extensive negotiations and consultations with international law firms to address the contractual and technical challenges.2) Summit, in collaboration with Petrobangla and Rupantarita Prakritik Gas Company Limited (“RPGCL”), finalized the Terminal Use Agreement (“TUA”) and Implementation Agreement (“IA”) on 12 October 2023. These were legally vetted and approved by the Cabinet Committee on 12 December 2023.3) SLNG II signed the TUA and IA on 30 March 2024 with Petrobangla and Government of Bangladesh (“GoB”) for the 2nd FSRU. On the same day SLNG II also signed a long-term Sale and Purchase Agreement (“SPA”) to supply 1.5 million tonnes of liquefied natural gas (“LNG”) to Petrobangla, starting in October 2026.4) To fulfil the initial conditions precedent (“CPs”) of the agreements signed on 30 March 2024, SLNG II has to date committed investments of approximately USD 15 million to implement the 2nd FSRU.5) The termination notice received on 7 October 2024 was issued on the basis that the agreements signed on 30 March 2024 had not become effective as a performance bond was not submitted within 90 days as stipulated, i.e. on 28 June 2024. SLNG II said that as that date fell on a Friday (not a banking day in Bangladesh), the performance bond was delivered on the next possible working day, with acknowledgement by Petrobangla.6) SLNG II’s lawyers have confirmed that SLNG II had not breached any CPs of the agreements of 30 March 2024. Even if any CP was delayed, Petrobangla did not notify SLNG II within the agreed 30-day window and had therefore deemed the CP as accepted.“SLNG II is owned by Summit Power International Limited (“SPIL”), the largest private sector investor in energy in Bangladesh with a proven track record of developing long-term infrastructure projects in a responsible and transparent manner. SPIL has stated that our investments have helped to catalyse foreign direct investment (“FDI”) into Bangladesh. We respectfully urge the Government of Bangladesh to uphold the sanctity of contracts and to ensure that investors' rights are protected and treated fairly and equitably,” SPIL said.Media ContactWeR1 Consultants Pte LtdIsaac Tang and Shindy KaurWhatsApp (Text): (+65) 9748 0688summit@wer1.net Copyright 2024 ACN Newswire via SeaPRwire.com.