The study, “Save-to-transform as a Catalyst for Embracing Digital Disruption”, shows that while traditional cost reduction methods are still crucial, many organisations are also investing heavily in transformative digital technologies to improve operating efficiency and cost savings, while also boosting overall performance and competitiveness in an increasingly digital world. Concurrently, as digital disruption emerges as an impetus for change, cost management remains a strong imperative globally. According to the survey of more than 1,200 global executives and business leaders, 71 per cent are planning to undertake cost reduction initiatives over the next 24 months. Sixty-eight per cent reported total reductions of 10 per cent or higher, and nearly one-third (31 per cent) have cost improvement targets above 20 per cent. Eighty-one per cent, however, report being unable to meet fully their cost reduction goals during the past year, 18 percentage points worse than in 2017, … [Read more...] about Digital technology is key to cut costs, survey finds
Technology
CE Technology to raise RM12m from LEAP listing
PETALING JAYA: Cleanroom gloves exporter CE Technology Bhd expects to raise RM12.48 million from its LEAP Market listing on Bursa Malaysia to fund its expansion plans on the back of growing global demand of cleanroom gloves. The company manufactures and sells nitrile and latex cleanroom gloves that are targeted for niche markets such as the high-end electronics and life sciences industries which require additional chemical and microbiological hazard protection. Cleanroom gloves are mainly used to control contamination and prevent electrostatic discharge. Based on the audited financial statements for the financial year ended July 31, 2018, more than 95% of its products are exported overseas to Asean, Europe, the US, China and Japan. CE Technology plans to allocate approximately 69% or RM8.5 million of the listing proceeds to expand its processing capacity and enhance research and development capabilities. “We are setting up new cleanroom post-processing facilities which will more … [Read more...] about CE Technology to raise RM12m from LEAP listing
Iconic library keeps relevance in the face of new technology
Students tend to say “I have been to Yangon University” or “I graduated from Yangon University” not in a shy way, but with some degree of pride. The university, which was established in 1920 as Rangoon University, is the cradle of modern Myanmar, having nurtured the country’s leaders in every field of endeavour, from politics to arts, from science to economics. Among the more prominent facilities of the university is its library, which has one of the most comprehensive collections of print and online materials about anything related to Myanmar and its people. Among its highly esteemed librarians included famous writers, such as U Thein Han (Sayar Zaw Gyi) and Dr Sithu Thaw Kaung. The library was formed in 1927 by then Burma governor and chancellor of the University Sir Hercourt Butler. Dr S Ramanantha Reddier, a local businessman, donated an initial sum of 200,000 rupees for the upkeep and improvement of the facility. Now, the library is … [Read more...] about Iconic library keeps relevance in the face of new technology
My brother’s in jail. Why does talking to him require hundreds of dollars a month and 1990s technology?
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By Anthony Morgan Opinion Tues., April 30, 2019 “One of us goes in, and we all go through it …” — Drake, “Headlines” Incarceration is seldom a solo affair. It’s true that the individual person subjected to carceral control bears the brunt of the physical, emotional, psychological, social and financial costs of being forced to surrender their freedom to the state. However, this painful price isn’t paid by the incarcerated person alone: their friends, family members and others who care about them suffer their own sizeable share of loss, sadness, fear and frustration precipitated by their loved one’s incarceration. My family, that is my mom, my sister, Toni, and I, know this reality viscerally well. I have a younger brother, Theo (not his real name), who is currently serving a multi-year sentence in one of Ontario’s federal correctional institutions. This latest stint follows more than a decade of … [Read more...] about My brother’s in jail. Why does talking to him require hundreds of dollars a month and 1990s technology?
U.S. would rethink intelligence ties if allies use Huawei technology
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By Parmy Olson WSJ Mon., April 29, 2019 The U.S. ratcheted up pressure on its European allies to ban Chinese-made gear from their telecom networks, asserting such equipment could be a shared national-security threat to the West and could compromise intelligence sharing. Robert Strayer, deputy assistant secretary of state for cyber policy, warned allies that if they used “untrusted” suppliers to build out new telecom networks, Washington would “have to reassess the ability for us to share information and be interconnected with them in the ways we are today.” Washington has all but banned Huawei Technologies Co., the world’s biggest telecom gear supplier, in the U.S. Officials argue that Beijing could push the Chinese company to use the gear to spy on or disable foreign networks. Huawei has repeatedly denied the allegation, saying it’s an employee-owned firm that doesn’t do Beijing’s bidding. Last year, the Trump … [Read more...] about U.S. would rethink intelligence ties if allies use Huawei technology