SMI signs MOU with The9 for the development of a cryptocurrency cloud-mining platform

Singapore, Jul 16, 2021 – (ACN Newswire) – The Board of Singapore Myanmar Investco Limited ("SMI") is pleased to announce that it has entered a comprehensive non-binding memorandum of understanding ("MOU") yesterday with NASDAQ-listed Internet company The9 Limited, to launch a cryptocurrency cloud mining business.

Focusing initially on three types of cryptocurrencies – Bitcoin (BTC), Filecoin (FIL) and Chia (XCH) – the mining business will be hosted in a range of facilities across Canada, US, Central Asia and the ASEAN region to serve customers. This business is expected to commence in Q4 2021 and will be subject to regulatory approval.

Following the MOU, SMI has also entered into a cooperation and support agreement yesterday, which includes a range of technical support services to be provided by NHASH (Hang Zhou Suan Li Technology Co Ltd), a cryptocurrency cloud mining Software-as-a-Service ("SaaS") company, for an initial five year term, and with an option to extend for another five years, subject to mutual agreement.

This agreement also presents SMI with the option to purchase up to 4,000 crypto mining machines, including models such as the Antminer S19j, and the Whatsminer M31S+, for a consideration to be further agreed on by both parties. Any payment through shares will be subject to the approval of SMI's shareholders at an extraordinary general meeting to be convened in the later part of the year.

SMI, The9 and NHASH are committed to best practices in reducing the environmental impact of cryptocurrency cloud mining operations.

"SMI is delighted to embark on this initial range of mining products and services, making it easier for customers in our region to participate in cryptocurrency mining. We will continue to work with The9 and other partners to bring a range of other leading digital products and services to market, as we pivot SMI away from its traditional businesses," said Mark Bedingham, President and CEO of SMI.

This latest move follows SMI's entering into a subscription agreement with The9 for new shares in SMI, as announced by SMI on 21 June 2021.

About Singapore Myanmar Investco

Singapore Myanmar Investco Limited ("SMI") is an investment and management company focused on the high-growth emerging economy of Myanmar. SMI adopts a diversified business model to capitalize on the strong trends in consumer spending, international tourism and infrastructure investment.

On June 30 2021, SMI announced its intention to pivot the company in a new direction encompassing cryptocurrency, SaaS and other high technology platforms subject to approval of SGX-ST, and SMI's shareholders at a general meeting to be convened in the later part of the year ("EGM"), for a diversification of SMI's core business. SMI is also looking to work with other partners in the areas of gaming, digital entertainment and robotics.

Listed on the Main Board of the Singapore Stock Exchange, SMI has a highly capable and experienced management team with proven track record in finance, business development and emerging markets.

For media queries, please reach out to:
Ashley Tan
Financial PR
E: ashley@financialpr.com.sg
T: (+65) 6438-2990

Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

ZALL Makes Headway in Global Digital Trade with New Strategic Rebrand

SINGAPORE, Jul 16, 2021 – (ACN Newswire) – ZALL Smart Commerce Group (ZALL), Asia's largest B2B e-commerce group, looks to become the world's leading global digital trade platform with its new strategic rebrand. It aims to create an open and interconnected B2B trading ecosystem between China and ASEAN, and to drive the rapid growth and development of industries and businesses through the use of new trading methods and advanced technologies.

With the strategic rebrand, ZALL aims to create value through its global intelligent services across B2B transactions, supply chain services and digital cloud services, transforming industrial value chains across the region and enabling businesses to improve overall efficiency. ZALL currently serves around 30 B2B platforms in China, the United States and Singapore, to millions of SMEs worldwide. It has also been investing heavily in the development of next-generation intelligent trading platforms to help empower seamless data exchange across platforms integrating information, logistics and capital flows across wholesale and commodities, retail trade and logistics industries in China and Singapore.

Testament to their hard work and effort, ZALL and its Singapore-based international trading platform, Commodities Intelligence Centre (CIC), were recently conferred the prestigious Gold and Silver Awards at the 2021 Asia-Pacific Stevie Awards during the virtual awards ceremony held on 14 July 2021. It is a major achievement for the teams as it highlights ZALL's dedication towards transforming global trade and supply chains since its strategic rebrand.

Peter Yu, Executive Vice President of ZALL Smart Commerce, Singapore, shared, "As the world continues to adapt and rise up to the challenges posed by the pandemic, we wanted to focus our efforts on digital innovation, creating an even more resilient and sustainable global trade and supply chain ecosystem. This can be done by incorporating data and digital technologies into every part of the industrial value chain, from both the demand to the supply side. With our expertise in Artificial Intelligence, Big Data and Blockchain, we believe we are well-positioned to help businesses worldwide adopt innovative technologies to succeed in the new digital world order."

On the back of its strong technology research and development capabilities, ZALL was also ranked 58th in the '2020 Global Blockchain Invention Patent Ranking' published by the incoPat Innovation Index Research Center. ZALL's research institute was granted more than 200 intellectual property rights last year, namely in the fields of blockchain, artificial intelligence and big data. Recognising the complexity and difficulty of adopting blockchain for many enterprises, ZALL recently launched 'Z-Block Gateway', a blockchain Backend-as-a-Service (BaaS) solution that is both low-code and easy to operate and deploy across various industries and mainstream cloud servers.

Alongside ZALL, CIC has also launched "CORP INFO" that offers "Know-Your-Counterparty" and "Credit Info" services to help SMEs manage their business risks by being able to verify and conduct due diligence on prospective business partners and counterparties before engaging in official dealings. Companies will have access to a range of essential business information such as business registration, historical background, holding companies, shareholders, legal and financial activities, lawsuits and related risks of more than 200 million companies and 2.1 billion trade records in Singapore, China and other parts of the world to help businesses better identify their counterparties.

About Commodities Intelligence Centre (CIC)

The Commodities Intelligence Centre (CIC) is a global trading platform for physical commodities including Ferrous & Non-Ferrous Metals, Chemicals & Plastics, Oil & Petroleum, and Agri Commodities. Officially launched in Singapore on 12 Oct 2018, CIC is a Joint Venture between China-based ZALL Smart Commerce Group, Global eTrade Services (GeTS) and Singapore Exchange (SGX) to build trade connectivity through digital marketplaces and to grow a vibrant trading ecosystem in Singapore.

CIC aims to revolutionise commodity trading and facilitate cross-border trade through deal matching, trade finance, supply chain logistics, track and trace and global trade compliance. Since its establishment in October 2018, CIC has achieved a GMV (Gross Merchandise Volume) of more than US$13.4 billion (S$17.6 billion), with over 5,800 registered users covering markets including Singapore, Malaysia, Indonesia, India, China, among other countries in Asia. For more information, please visit https://www.cic-tp.com/.

About ZALL Smart Commerce Group

ZALL Smart Commerce Group is a leading Chinese B2B e-commerce group (Fortune" China Top 500 list in 2020) with a global footprint across the world and its entities are listed on three exchanges on HKSE, NYSE and SSE. ZALL Group develops and operates Asia's largest B2B offline-to-online trade ecosystem in China and Southeast Asia, including Singapore, with more than 30 B2B platforms in China, US and Singapore, and a GFA of more than 10 million sqm of wholesale trade centres in China. In 2018, ZALL Group achieved a GMV of more than RMB 600 billion (US$85.2 bn), serving over 1 mil SME customers worldwide. ZALL has also obtained a virtual banking licence and currently operates Z-Bank in China since 2017, one of China's Top 5 digital banks that has supported more than 5.5 million SME and individual customers.

Since 2018, ZALL has invested in five projects in Singapore, including the Commodities Intelligence Centre (CIC), Singapore's first physical commodity eTrading platform (B2B) powered by blockchain technology; ezbuy.sg, Singapore's leading global online shopping platform; ZMA Smart Capital, an online trade finance company; ZALL Chain Technology, a blockchain solutions company. For more information, please visit http://en.zallcn.com/

Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Shrinath Bolloju, Managing Director, CitiBank, India Joins KGiSL

India/Singapore, July 14, 2021: KG Information Systems Private Limited (KGiSL), a global IT Products, Solutions, and Services provider, today announced the appointment of three banking leaders with impeccable leadership and track record, to support its growth and strategic vision. These senior finance professionals, with considerable expertise and a wealth of global banking experience, will significantly help in driving this critical phase of KGiSL’s growth strategy of reaching INR 1000 crore turnover in the next three years.

Shrinath Bolloju joins KGiSL as Chief Strategy Officer, Ramesh Nagesh as Chief Operating Officer, and Noor Hayati Ahmad as Senior Vice President & Country Head, KGiSL Singapore.

Welcoming the three banking stalwarts, Dr. Ashok Bakthavathsalam, Managing Director, KGiSL said, “The addition of these three well-established, seasoned leaders to the existing vibrant leadership of KGiSL supports our vision and strategy to become a strong player in the BFSI segment, especially in the banking domain. Their experience will help the accelerated growth plan we have, for the next 3 years.”

Commenting on the new additions to the leadership team, Prassadh Shanmugam, Director & Chief Executive Officer, KGiSL, said, “We are really fortunate to have all three of them join the leadership team at KGiSL: Shrinath with a proven track record in the banking industry is probably at his peak of his career; Ramesh, known for his technology & Operation skillsets in the banking Industry, probably has not even reached his peak yet and Hayati, a seasoned banking veteran has deep connections in the industry in Singapore and globally. The three of them could have continued what they were doing, or could have chosen any number of BFSI opportunities. Instead, they chose to join us, believing in the vision, strategy, and execution strength of KGiSL. This really adds momentum to our goals.”

An accomplished business leader with close to three decades of experience in financial services, Shrinath Bolloju joins KGiSL as Chief Strategy Officer (CSO). Shrinath’s experience straddles sales, product management, technology, operations and governance in different geographies, and banking and financial products. He most recently served as Managing Director and South Asia Operations & Technology Head at Citi Bank. Previously, he has been part of the leadership team with Deutsche Bank and RBL Bank, driving transformation and digitization. As CSO at KGiSL, Shrinath will be based out of Mumbai, India. In this role, Shrinath will work closely with the senior leadership at KGiSL to drive sustained and accelerated growth across key markets and sectors.

Ramesh Nagesh joins KGiSL as Chief Operating Officer (COO) and will be based in Bangalore, India. He comes with over three decades of experience in managing regional and global operating units. He joins KGiSL after serving as COO of the Anglo Gulf Trade Bank, Abu Dhabi where he was involved in setting up the world’s first digitally-enabled, data-driven Trade Bank from the ground up. Ramesh has been part of the leadership team with top multi-national banks like Deutsche Bank, ABN-AMRO Bank, ANZ, Standard Chartered and RBS.

Noor Hayati Ahmad  joins KGiSL as  Senior Vice President & Country Head, KGiSL Singapore. She brings in over 35 years of experience, including 25 years of international banking, particularly in Global Transaction Banking, Money Markets, FX, Finance, and Retail. Having worked with global banks and leading technology organizations in Singapore, she understands the local market, technology trends and functional needs of the financial services sector. She has previously been part of the senior leadership teams at Deutsche Bank, Hatstand, Sonic, and Kashtec Technology Pte Ltd.

On his appointment, Shrinath Bolloju, Chief Strategy Officer, KGiSL, said “KGiSL has a proven track record of building robust products and solutions that have ensured long-lasting engagements with clients. I am delighted to join this seasoned and committed team, and look forward to work with them to scale up our offering, while continuing to operate as a trusted solutions provider to our clients, worldwide.”

Further to his new engagement, Ramesh Nagesh, Chief Operating Officer, KGiSL, said, “KGiSL is truly a unique and talented organization with deep-rooted capabilities in building top class products and solutions. I am honoured to work with such a culturally diverse, committed, and seasoned talent pool, and I look forward to collaborate with the team to unlock their full potential and enhance delivery capabilities.”

Noor Hayati Ahmad, Senior Vice President & Country Head, KGiSL Singapore, said, “I am truly excited to be a part of KGiSL, Singapore and I look forward to working with this highly professional team to further accelerate our ambitious growth strategy. Today, Singapore is among the top three financial hubs in the world, behind London and New York, and it is imperative that we showcase our products and services in the banking and financial sector and grow our presence in this area.”

About KGiSL: www.KGISL.com/gss

KG Information Systems Private Limited (KGiSL) is a global IT Services, Consulting and Business Solutions provider in the BFSI space. KGiSL offers Software Products, Solutions and Services in Intelligent Automation, ERP (SAP), CRM, Business Intelligence and Analytics, Quality Engineering, IT Infrastructure Management and Application Development. KGiSL has offices in India, US, Malaysia, Singapore, Australia and Thailand.

KGiSL is part of the $750 million business conglomerate KG Group with interest in Textiles, Engineering, Healthcare, Education, Real Estate, Entertainment, Software and Business Support Services. The Group employs over 25000 people and is known for its philanthropic services to the community for over 8 decades.

For further information, please contact:

KGiSL: Sampathkumar S | sampathkumar.s@KGISL.com | +91 9940069884

Adfactors PR (India):
Bhargav TS | bhargav.ts@adfactorspr.com | 9884883350
Shamitha Hegde | shamitha.hegde@adfactorspr.com | 9003107361

Adfactors PR (Singapore):
Namrata Sharma | namrata.sharma@adfactorspr.com | +65 8138 3034

CropLife Asia Echoes FAO Call to Transform our Food Systems

SINGAPORE, Jul 13, 2021 – (ACN Newswire) – With the release of the United Nations (UN) 2021 State of Food Security & Nutrition in the World (SOFI) report, CropLife Asia highlighted the need for the region's food value chain stakeholders to work together in transforming our food systems to better enable food security, improved nutrition, and affordable healthy diets for all.

The challenge of achieving the UN's Sustainable Development Goal (SDG) 2 of 'zero hunger' globally by 2030 has grown even more complicated with the broad impact of the COVID-19 pandemic. In this latest UN report, it is estimated that the number of people affected by hunger worldwide in 2020 was between 720 and 811 million people. This is a marked increase of over 100 million more people than in 2019. The prevalence of undernourishment (PoU) has also climbed up to around 9.9 percent in 2020 compared to 8.4 percent the previous year. This new report also confirms a sadly familiar refrain for Asia: our region is failing to deliver food security for far too many – particularly among the more vulnerable parts of society. Asia continues to be home to the greatest number of undernourished people with 418 million suffering from hunger in 2020.

"The challenge of feeding Asia and the world requires us to explore all possible solutions. This can only be achieved through greater collaboration with others, as multi-stakeholder approaches are crucial for transformation of our food systems," said Dr Siang Hee Tan, Executive Director, CropLife Asia. "The plant science industry champions innovation in both crop protection and plant biotech, as well as precision and digital agriculture solutions to benefit both people and the planet."

"The innovative technologies of the plant science industry have a key role to play, but it is only one part of the solution," Dr Tan added. "Ensuring that an ample supply of affordable and nutritious food reaches those who need it most is a shared responsibility. Farmers' access to innovation is an increasingly crucial component to combatting food insecurity in Asia and around the world."

Global crop losses due to pests and disease are a major contributor to global food loss and waste. These losses would be twice as high without the use of crop protection products. Crop losses can be further reduced through more effective crop protection stewardship practices. Without innovations such as crop protection products and plant biotechnology, global pre-harvest crop losses could double. Meanwhile, biotech crops are developed with improved traits such as increased yield, better resistance to pests and/or improved nutrition, among others. These traits are crucial tools that enable farmers to produce more food using fewer resources to feed our growing world.

About CropLife Asia

CropLife Asia is a non-profit society and the regional organization of CropLife International, the voice of the global plant science industry. We advocate a safe, secure food supply, and our vision is food security enabled by innovative agriculture. CropLife Asia supports the work of 15 member associations across the continent and is led by six-member companies at the forefront of crop protection, seeds and/or biotechnology research and development. For more information, visit us at www.croplifeasia.org.

For more information please contact:

Duke Hipp
Director, Public Affairs & Strategic Partnerships
CropLife Asia
Tel: +65 6221 1615
duke.hipp@croplifeasia.org

Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Sri Trang Group accelerates Covid inoculation program

BANGKOK, Jul 12, 2021 – (ACN Newswire) – Pressing ahead with its campaign to provide inoculation to all Southeast Asia based employees of the Sri Trang Group of Companies against Covid-19 with Sinopharm vaccine, provided by the Chulabhorn Royal Academy, Sri Trang Gloves (Thailand) PCL (SET: STGT) reached its goal of 100% jabs for its entire workforce of 11,000 employees in production plants and Southeast Asia offices. The second jabs will be given at the end of July. Other companies in the group will continue their inoculation programs where permitted until the goal is achieved, demonstrating the group's commitment to employee welfare.

Most recently, Veerasith Sinchareonkul, Executive Director of Sri Trang Agro-Industry PCL (STA), and Jarinya Jirojkul, CEO of Sri Trang Gloves (Thailand) PCL, pledged to implement the group's ESG policy, which pays special attention to sustainability in business while treating employees with fairness in accordance with human rights and transparency principles. The companies have launched the Covid-19 vaccination program for all Southeast Asia based employees and their family members as well as select employees of suppliers and trading partners.

At the same time, the Sri Trang Group will earnestly continue to acquire additional doses of alternative vaccines for its employees and families in Thailand and abroad, as well as select members in its supply chain, to build confidence for all concerned and to help these countries overcome the current Covid-19 crisis as soon as possible.

For more information, visit Sri Trang Gloves (Thailand) PCL at https://www.sritranggloves.com/en.
Released by Public Relations Dept., MT Multimedia Co., Ltd. for Sri Trang Gloves (Thailand) PCL
Wasana "Jeab" Wongsiri, Tel: +66 84 359 0659, wasana.w@mtmultimedia.com
Sri Trang Gloves (Thailand) PCL (SET: STGT) (SGX: STGT)
Sri Trang Agro-Industry PCL (SET: STA) (SGX: STA)

Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Shippit Inks Three New Deals with Leading Logistics Providers Janio, FedEx and Qxpress to Strengthen Domestic and International Capabilities

SINGAPORE, Jul 1, 2021 – (ACN Newswire) – Today, fast-growing e-Commerce fulfilment tech company Shippit announces it has signed three new delivery partner deals with integrated logistics solutions provider Janio, global logistics player FedEx, and e-Commerce logistics expert Qxpress. These deals come as part of Shippit's efforts to rapidly scale up its operations in Southeast Asia following its A$30 million Series B fundraise in December 2020.

Apart from strengthening Shippit's domestic delivery network in Singapore and Malaysia, Shippit's new partnership with Janio will allow Shippit to open up its delivery lanes with special rates in Southeast Asia, China, and the US. This enables merchants access to ship to more countries than before at lower costs. The partnership with Qxpress will help Shippit improve reliability and flexibility in domestic deliveries by offering new delivery options such as "same-day delivery" in Singapore, so parcels can reach end customers quickly.

With an estimated 40 million new users in Southeast Asia coming online because of the pandemic, e-Commerce spend has unsurprisingly surged; the industry is currently valued at US$62 billion and is expected to grow to US$172 billion by 2025. To support the increasing number of merchants moving online, Shippit has also added new integrations with some of the largest e-Commerce platforms such as WooCommerce and Magento to support a wider variety of merchants. WooCommerce and Magento join existing partner Shopify, allowing merchants a seamless integration with the Shippit platform.

Shippit has onboarded a variety of SMB and Enterprise clients in different product categories such as Seira Elves, Global Knives, Looqal, Sans & Sans, Hush Candles, Blender Bottle, Sterling Nutrition, and Boxgreen.

Mark Lancaster, Southeast Asian Business Development Lead at Shippit, said: "Shippit wants to be the platform of choice for growing, scaling and enterprise merchants across the region to support fulfilment and enable more last-mile choices. It's critical that we continue investing in carrier integrations, product enhancements that benefit our merchants to capitalise on this growth in the region. These recent carrier deals expand our network capability providing more domestic and international services to our growing merchant base."

"The growth of e-commerce in Southeast Asia has been phenomenal, and the need for robust technological and logistical infrastructure has never been higher. We are truly excited to be working with Shippit to collectively serve southeast Asia's merchants", said Senthil Kumar, Janio Group Head of Commercial.

Shippit recognises the negative environmental impact deliveries have and is committed to a future of sustainable retail. It is one of the only logistics SaaS platforms across APAC, that offsets 100% of the carbon emissions on deliveries made on Shippit's discounted rates, at no extra cost to the merchant. Shippit does this by partnering with the Carbon Neutral Group and purchasing carbon offsets to support projects that prevent and reduce greenhouse gas emissions. To date, the company has offset more than 278,000 kilometers of carbon footprint for its Singapore clients.

Shippit Co-founder and Co-Chief Executive Officer William On, said: "Southeast Asia presents a huge opportunity for Shippit; we think the region is set to become the world's largest e-Commerce market within the next five years! Since Shippit's launch in Southeast Asia in July 2020, we've seen our business grow quickly — and expect that it will continue to scale — which is why we are looking to improve our capabilities across the region and might consider expanding into other countries in the future."

Shippit was founded in Australia in 2014 with the intention of providing frictionless delivery options and enhanced customer experience. Shippit's software enables retailers to instantly ship with leading partner carriers, share seamless tracking and notifications, as well as provide dedicated delivery support.

Since the fast-growing logistic SaaS platform's expansion to Singapore less than a year ago, the company has announced partnerships with Shopify, SingPost, Ninja Van, DHL and Aramex and now powers more than 20,000 deliveries per month. Shippit serves more than 275 merchants across Southeast Asia and has a dedicated team of 7 people working across the region with a shared staff of 40 in product and customer service. Shippit is also present in Malaysia and is currently strengthening its offerings in Malaysia by partnering with local carriers and improving product capabilities.

About Shippit

Shippit is a fast-growing e-Commerce fulfilment technology company founded in Australia. Powering delivery for Asia's leading retailers like Sephora, Decathlon, UNIQLO, CottonOn, Harvey Norman, and JD Sports, Shippit's powerful shipping engine saves retailers time, money and provides better experiences for delivery recipients. By simplifying omni-channel fulfilment, enabling retailers to accept cash on delivery and removing friction from the cross-border shipping process, Shippit simplifies shipping for retailers so they can focus on growing their business. For more info, please visit: www.shippit.com/

Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Shippit Inks Three New Deals with Leading Logistics Providers Janio, FedEx and Qxpress to Strengthen Domestic and International Capabilities

KGISL Completes Acquisition of AETINS, Expands Expertise in the Insurance Space

Singapore / Malaysia, Jun 29, 2021 – (ACN Newswire) – KG Information Systems Private Limited (KGISL), a global IT services, consulting, and business solution provider, today announced the acquisition of AETINS Sdn. Bhd., (199801000924), through its wholly-owned subsidiary in Malaysia, KG Information Systems Sdn. Bhd. (201301013805). The acquisition is a part of KGISL's growth strategy in the InsurTech space.

Prassadh Shanmugam, Director and Chief Executive Officer, KGISL

AETINS brings aboard an exceptional range of insurance solutions for Life, General and Takaful bundled with an unmatched domain expertise. AETINS' Core Insurance Product and Solutions are well known in the market and are market leading. The company serves a vast clientele of insurance firms in the Asia Pacific, Middle East, and North Africa. The people, products, and solutions from AETINS would be leveraged in expanding KGISL's footprint in the InsurTech space.

KGISL has its market presence in the Malaysia InsurTech space since 2006 and has grown as a market leader with its Point of Sale (PoS) and Claims Management Solution for the Non-Life Insurance segment. The acquisition of AETINS will now bring in Core Insurance Product and Insurance Solution Framework (ISF) into KGISL's product offerings and opens doors to enter the wider Asia Pacific, Middle East, and Africa markets covering the Life, Non- Life and Takaful Insurance segments.

Mr. Prassadh Shanmugam, Director and Chief Executive Officer, KGISL commenting on the acquisition said, "I am super excited about this acquisition. AETINS' Core Insurance products, Takaful offerings and good presence in the Middle East market are the missing pieces in KGISL's Insurance offerings. It would have taken years for us to build this capability, so the acquisition is a perfect fit for KGISL. The employees of AETINS share the same integrity, culture and value systems of KGISL, so the integration will also be smooth and quick."

Commenting on the acquisition, Dr Ashok Bakthavathsalam, Managing Director, KGISL said, "The acquisition brings together two leading InsurTech players in pursuit of a common mission, centred on providing the best value for customers, organisation and employees. With able leadership and a go-getter team, KGISL has been on a fast growth trajectory, clocking a five-fold growth in the last four years. This acquisition adds momentum, and I am confident that our growth will be even faster in the next 3 years."

About KGISL: www.KGISL.com/gss

KG Information Systems Private Limited (KGISL) is a global IT Services, Consulting and Business Solutions provider in the BFSI space. KGISL offers Software Products, Solutions and Services in Intelligent Automation, ERP (SAP), CRM, Business Intelligence and Analytics, Quality Engineering, IT Infrastructure Management and Application Development. KGISL has offices in India, US, Malaysia, Singapore, Australia and Thailand.

KGISL is part of the $750 million business conglomerate KG Group with interest in Textiles, Engineering, Healthcare, Education, Real Estate, Entertainment, Software and Business Support Services. The Group employs over 25000 people and is known for its philanthropic services to the community for over 8 decades.

About AETINS: www.aetins.com/

AETINS, established in 1998, is a single end-to-end Insurance and Takaful Solution provider that covers all lines of business: Individual Life, Group Life, Investment Linked and General. It spans across functions like illustration, quotation, new business, policy servicing, claims, agency management, commission and benefits, accounting and services. Our business is to help Insurance and Takaful Companies to strategize and operate by leveraging on Information Technology, a key enabler to achieve transformational growth through Operational Excellence and Innovation.

For further information, please contact:

KGISL: Sampathkumar S | sampathkumar.s@KGISL.com | +91 9940069884

Adfactors PR (India):
Bhargav TS | bhargav.ts@adfactorspr.com | 9884883350
Shamitha Hegde | shamitha.hegde@adfactorspr.com | 9003107361

Adfactors PR (Singapore):
Namrata Sharma | namrata.sharma@adfactorspr.com | +65 8138 3034

Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

KGISL Completes Acquisition of AETINS, Expands Expertise in the Insurance Space

Singapore / Malaysia, Jun 29, 2021 – (ACN Newswire) – KG Information Systems Private Limited (KGISL), a global IT services, consulting, and business solution provider, today announced the acquisition of AETINS Sdn. Bhd. through its wholly-owned subsidiary in Malaysia, KG Information Systems Sdn. Bhd. The acquisition is a part of KGISL's growth strategy in the InsurTech space.

Prassadh Shanmugam, Director and Chief Executive Officer, KGISL

AETINS brings aboard an exceptional range of insurance solutions for Life, General and Takaful bundled with an unmatched domain expertise. AETINS' Core Insurance Product and Solutions are well known in the market and are market-leading. The company serves a vast clientele of insurance firms in the Asia Pacific, Middle East, and North Africa. The people, products, and solutions from AETINS would be leveraged in expanding KGISL's footprint in the InsurTech space.

KGISL has market presence in the Malaysia InsurTech space since 2006 and has grown as a market leader with its Point of Sale (PoS) and Claims Management Solution for the Non-Life Insurance segment. The acquisition of AETINS will now bring in Core Insurance Product and Insurance Solution Framework (ISF) into KGISL's product offerings and opens doors to enter the wider Asia Pacific, Middle East, and Africa markets covering the Life, Non- Life and Takaful Insurance segments.

Mr. Prassadh Shanmugam, Director and Chief Executive Officer, KGISL commenting on the acquisition said, "I am super excited about this acquisition. AETINS' Core Insurance products, Takaful offerings and good presence in the Middle East market are the missing pieces in KGISL's Insurance offerings. It would have taken years for us to build this capability, so the acquisition is a perfect fit for KGISL. The employees of AETINS share the same integrity, culture and value systems of KGISL, so the integration will also be smooth and quick."

Commenting on the acquisition, Dr Ashok Bakthavathsalam, Managing Director, KGISL said, "The acquisition brings together two leading InsurTech players in pursuit of a common mission, centred on providing the best value for customers, organisation and employees. With able leadership and a go-getter team, KGISL has been on a fast growth trajectory, clocking a five-fold growth in the last four years. This acquisition adds momentum, and I am confident that our growth will be even faster in the next 3 years."

About KGISL – www.KGISL.com/gss

KG Information Systems Private Limited (KGISL) is a global IT Services, Consulting and Business Solutions provider in the BFSI space. KGISL offers Software Products, Solutions and Services in Intelligent Automation, ERP (SAP), CRM, Business Intelligence and Analytics, Quality Engineering, IT Infrastructure Management and Application Development. KGISL has offices in India, US, Malaysia (201301013805), Singapore, Australia and Thailand.

KGISL is part of the $750 million business conglomerate KG Group with interest in Textiles, Engineering, Healthcare, Education, Real Estate, Entertainment, Software and Business Support Services. The Group employs over 25000 people and is known for its philanthropic services to the community for over 8 decades.

About AETINS (199801000924) – www.aetins.com

AETINS, established in 1998, is a single end-to-end Insurance and Takaful Solution provider that covers all lines of business: Individual Life, Group Life, Investment Linked and General. It spans across functions like illustration, quotation, new business, policy servicing, claims, agency management, commission and benefits, accounting and services. Our business is to help Insurance and Takaful Companies to strategize and operate by leveraging on Information Technology, a key enabler to achieve transformational growth through Operational Excellence and Innovation. See www.aetins.com.

For further information, please contact:

KGISL: Sampathkumar S | sampathkumar.s@KGISL.com | +91 9940069884

Adfactors PR (India):
Bhargav TS | bhargav.ts@adfactorspr.com | 9884883350
Shamitha Hegde | shamitha.hegde@adfactorspr.com | 9003107361

Adfactors PR (Singapore):
Namrata Sharma | namrata.sharma@adfactorspr.com | +65 8138 3034

Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

SMEStreet Foundation Celebrates World MSME Day With a Commitment to Add Value for Entrepreneurs Who Thrive to Exceed

New Delhi, India, Jun 28, 2021 – (ACN Newswire) – Every crisis has some positive takeaway. Every challenge can lead to an innovative solution that can be a benchmark. Entrepreneurs and especially the MSME entrepreneurs hold great importance because of the great spark they possess. The spark to exceed and the spark to change their own levels, and influence their respective ecosystems.

In 2017, a United Nations resolution was passed acknowledging the importance of encouraging formalisation of the MSME segment that accounts for over 90% of all firms globally, around 70% of total employment. The UN also announced June 27th as the International or World MSME Day. A program titled 'Enhancing National Capacities for Unleashing Full Potentials of MSMEs in Achieving the SDGs in Developing Countries' was launched at that time. This program is conceived and operates under the 2030 Agenda for Sustainable Development Sub-Fund of the United Nations Peace and Development Fund.

As SMEStreet, we are working on the aspect of MSME development from the Indian sub-continent since 2014.

At the World MSME Day 2021, we at SMEStreet Foundation are feeling honoured to congratulate this spark of MSME entrepreneurs and their willpower to change their state of things. Our ongoing MSME Outreach, Understanding & Education program of SMEStreet GameChangers Forum which was announced recently is moving in the right direction of showcasing opportunities to MSMEs, highlighting contemporary trends, raising concerns over aspects that are impacting the business growth. The program was launched on June 15th with great participation and support from the Ministry of MSME and private institutions such as the Wadhwani Foundation.

The SMEStreet GameChangers Forum is inviting MSMEs to join hands and participate in it so that a business can experience progress in a collaborative manner. After the great inaugural session on June 15th, in which Union MSME Minister Shri Nitin Gadkari himself delivered a keynote and made a real game-changing announcement of the revised MSME Registration process. The Secretary of Ministery of MSME, Shri BB Swain presented his perspective for MSME development in the country in the Inaugural session of SMEStreet GameChangers Forum. The journey ahead is looking eventful.

Based on the feedback of MSMEs here are the set of activities that SMEStreet Foundation will be conducting following set activities:
– MSME Educative Webinars With Banking & Finance, Technology Experts
– Global Opportunities Showcase with International Stakeholders
– National Level MSME Outreach Connect Study Report To Understand the Status of Healthcare Security among MSMEs (Entrepreneurs & MSME Employees)
– National Level MSME Study Report on Digital Adoption of Indian MSMEs
– MSME Outlook Report on Tech Landscape of Indian MSMEs
– Conversations on MSME Motivation
– Role of MSMEs in Building the New Age EV Landscape of India
– MSMEs in Smart Mobility: Featuring Smart Mobility, Advance Transport, Fintech
– Featuring Sector Wise Opportunities & Challenges for MSMEs in Textiles &Garments Manufacturing/Food Processing Sector/Healthcare/Manufacturing
– Also, SMEStreet is working on creating a skill development initiative that will be aimed to add value for MSMEs and their potential workforce.

SMEStreet Foundation is also inviting MSMEs and stakeholders of the entire ecosystem to become members of SMEStreet Foundation and become the catalysts for bringing a much needed positive change.

"With a firm belief that collaboration and a collaborative approach can drive sustainable economic growth for MSMEs, we are working on various areas of knowledge sharing. Because Knowledge and networking play a very crucial role in making MSMEs escalate to higher levels," says Faiz Askari, Secretary-General & Founder of SMEStreet Foundation.

GameChangers Forum is an extension of SMEStreet Foundation's awards recognition initiative by the name of SMEStreet GameChangers Awards. This initiative was started in 2020 after the Pandemic outbreak. This awards initiative is still on and the list of awardees who have made a significant contribution in the field of MSME Development is soon going to get announced for 2021 as well.

In the era of the COVID Pandemic, we have witnessed the scale of this crisis. As a media platform, we realized the importance of motivating those Game Changers who paved this phase with their dedication and professional acumen in emerging as a winner for their organization, society or their business ecosystem.

SMEStreet GameChangers is also an attempt to recognize such individual success stories who have made a significant impact in their respective horizons of business.
With this, we would like to congratulate the entire ecosystem of MSMEs on a great year ahead on this World MSME Day, 2021.

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