by | Jul 23, 2025 | Business
Global mining services provider Thiess is partnering with Xuzhou Construction Machinery Group Company Limited (XCMG), one of the world’s largest and fastest-growing manufacturers of mining equipment, to develop autonomous solutions, maintenance services, and products to enable electrification and decarbonisation of mining operations.
The partnership was formalised through a Memorandum of Understanding (MoU) that sets up a foundation of collaboration – combining XCMG’s expertise in mining equipment, automation and electrification with Thiess Asset Services’ proven operational capabilities, skilled global workforce and established network of machine and component rebuild facilities.
Under the MoU, Thiess Asset Services intends to collaborate with XCMG on various initiatives including services and product support in relation to XCMG equipment and new energy products such as heavy mobile equipment, road trains, charging infrastructure, battery swap stations and battery rebuilds.
Thiess Group Executive – Assets & Autonomy Ryan Kirkwood commented: “Building on Thiess’ 90 years of proven experience managing one of the world’s largest mixed mining fleets, we will leverage XCMG’s innovative technology and equipment to drive greater value for our clients.”
XCMG Australia Managing Director Heming He said: “XCMG and Thiess are forging a unique partnership to accelerate decarbonisation and capital optimisation for new energy solutions. This partnership will accrue benefits of XCMG’s long history of smart manufacturing and Thiess’ unparalleled knowledge of mining operations. With key initiatives identified, this relationship will flourish rapidly.”
The partnership is another milestone that supports the newly launched Thiess Asset Services business delivering client focused assets and technology solutions, providing clients with flexible options to boost productivity, lower total cost of ownership and reduce carbon footprint.
by | Jul 23, 2025 | Business
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by | Jul 23, 2025 | Business
The Company Makati Opens August 1, 2025, Providing a Scalable Workforce and Workspace in One Through Employer-of-Record Services
Makati City, Philippines – As Australia’s tech and customer experience (CX) sectors struggle with persistent talent shortages, one company is offering a practical cross-border solution. Opening August 1 in Legazpi Village, Makati, The Company Makati connects Australian businesses to the Philippines’ deep pool of highly skilled, English-speaking professionals without the red tape of relocation or visas.
Backed by Zeroten Philippines Inc., a subsidiary of Japan-based Zero-Ten Park Co., Ltd., The Company isn’t just a workspace. It’s a launchpad for building remote, high-performance teams—complete with Employer-of-Record (EOR) services, recruitment support, and operational infrastructure.
“We know what’s keeping Australian tech founders and CX leaders up at night,” said Joy Garingo – Dela Serna, General Manager of The Company Philippines. “It’s hiring fast without burning out your team or your capital. With our solution, you can tap into the Philippine talent market legally and seamlessly with office space, compliance, and HR support bundled in.”
Flexible Hiring Meets Flexible Work
The 860-square-meter facility, located in Frabelle Business Center, features:
• Private offices and coworking areas for offshore or hybrid teams
• Interview rooms, event venues, and day offices for visiting execs
• A full-service Japanese Desk and concierge for bilingual or global support
• Business-grade internet, 24/7 security, and plug-and-play infrastructure
Whether you’re hiring developers, marketers, support reps, or creatives, The Company’s EOR service lets you onboard talent fast while remaining compliant with local laws. No Philippine entity required. No visa bottlenecks. Just a direct channel to one of the world’s most outsourced talent markets.
“We’re not here to just lease desks,” said Masaki Suguro, CEO of Zeroten Philippines Inc. and COO of Zero-Ten Park. “We’re here to solve a bigger problem: scaling businesses in a high-cost world. Australian firms can expand into Southeast Asia without leaving home.”
A Regional Network Built for Cross-Border Growth
Now with 16 locations across Japan, Singapore, Hawaii, Vietnam, and the Philippines, The Company supports over 400 companies and 1,800 members globally. The new Makati location is its flagship in Metro Manila and a critical node in its Southeast Asia network.
Why It Matters for Australia
Talent Gap: Australia’s digital workforce shortage is projected to hit 1.2 million by 2030 (Tech Council of Australia)
High Costs: Salaries, overhead, and visa hurdles limit scale
Opportunity: The Philippines remains a top destination for CX, software development, and back-office talent—educated, English-proficient, and cost-effective
Now Booking: Tours, Consults, and EOR Briefings
The Company Makati opens August 1, 2025. Workspace tours and EOR consultations are now available. Custom onboarding support is offered for Australian firms with immediate hiring needs.
Facility at a Glance:
Address: 11F, Frabelle Business Center, Rada St., Legazpi Village, Makati City
Size: 9,284.84 sq. ft. (approx. 860 sq. m.)
Offerings: Private offices, coworking, fixed desks, meeting rooms, event venues, interview rooms, focus pods, and virtual offices
Support: Employer-of-Record (EOR), recruitment assistance, Japanese Desk, concierge, and secure 24/7 access
About The Company:
Founded in Fukuoka, Japan, The Company is a workspace and community that champions work-sharing and multi-location collaboration, supporting startups, cross-border teams, multinational creators, and local communities across 15 locations in 5 countries, with 400 companies and 1,830 members as of January 2025.
Website: https://thecompany.jp
Operating Company:
Zero-Ten Park Co., Ltd. (Fukuoka, Japan), specialists in workspace operation, real estate, business matching, M&A, startup investment and support, and consulting. The new Manila location strengthens the ASEAN network and supports the overseas expansion of Japanese companies.
Website: https://zerotenpark.jp
Local Subsidiary:
Zeroten Philippines Inc. is the local subsidiary managing The Company brand in the Philippines, including Cebu and Makati, supporting Australian, Japanese, and Southeast Asian companies through employer-of-record services, outsourced human resources & workspaces.
Website: https://thecompany.ph
by | Jul 23, 2025 | Business
Despite raising over £1 billion in committed capital, Therium’s aggressive bets in high‑risk cases, from the Sabah $15 billion arbitration to the Post Office scandal, have yielded paltry returns, exposing systemic vulnerabilities in the litigation funding industry.
Manila, Philippine – An investigation by
KnowSulu highlights how Therium, once a litigation funding powerhouse, is
scaling back and transferring liabilities amid mounting losses, a cautionary
tale for third‑party legal finance.
Big Capital, Bigger Risks
Therium amassed over £1 billion
in committed funding from institutional investors over the past decade. But
these “committed” sums are
long‑term investments, locked into a few protracted, high‑stakes cases,
exposing millions to single-case downfall.
Litigation Funding Mechanism Under Scrutiny
Funders back legal claims in exchange for a multiple‑of‑capital
plus a percentage of recoveries. For instance, Therium structured returns as 3×
the investment plus 20% above £100 million
in the HSBC/ECU case. Yet, when claims fail, funders can even be on the hook
for pre-investment costs, highlighted in recent UK rulings.
Showcase Failures
Post
Office Horizon: Therium invested around £24million. After reimbursement of its stake,
funders, and legal fees in the £58million settlement,
claimants received just £12million collectively,
barely breaking even.Sabah
Arbitration: Over $20million
already spent on a $15billion
claim tied to Sulu heirs, yet enforceability remains uncertain, and
returns are far from assured.
Regulatory Shifts: PACCAR Fallout
The 2023 UK Supreme Court’s PACCAR decision reclassified
many litigation finance deals as damages‑based agreements (DBAs), subject to
regulation capping recovery at 50% and limiting eligible parties to licensed
lawyers. That has invalidated or weakened many funder agreements.
Funders pivoted to investment‑multiple models, yet courts
are scrutinizing even small DBA‑style clauses. Therium v Bugsby Property is now
testing whether they can strip such clauses and still secure payment.
Facing legal uncertainty, concentration risk, and lacklustre
returns, Therium has scaled back operations and transferred portfolios to
Fortress Investment Group. Internal sources indicate the firm now focuses on
managing legacy cases rather than launching new ones.
What This Means for the Industry
While litigation finance broadens access to justice,
especially in group suits, its viability hinges on balancing social impact with
investor returns. As UK courts reclassify agreements, enforcement grows murky,
and big‑ticket deals underperform, the model’s future credibility is at stake.
Read full article: https://knowsulu.ph/unforeseen-consequences/theriums-gamble-how-big-money-still-breeds-big-losses-in-litigation-funding
by | Jul 23, 2025 | Business
Kuala Lumpur, 23 July 2025 – Master ASME PCC-2 repair standards with PetroSync. Enhance safety and compliance in pressure equipment and piping system maintenance.
When dealing with pressure equipment repairs, every detail matters — not just for performance, but for safety and compliance. If Anda pernah berada di posisi menentukan metode perbaikan terbaik di lapangan, maka Anda pasti menyadari pentingnya standar seperti ASME PCC-2. Dalam artikel ini, mari kita bahas apa itu ASME PCC-2 dan bagaimana pelatihan dari PetroSync dapat membantu Anda menguasainya secara praktis.
What Is ASME PCC-2 and Why It’s Crucial
The ASME PCC-2 (Post Construction Committee) is a standard developed by the American Society of Mechanical Engineers that focuses on repairing pressure equipment and piping systems after they’ve been placed into service. It’s widely used in industries like oil & gas, petrochemicals, power generation, and others where safety, reliability, and operational continuity are top priorities.
Unlike design codes, ASME PCC-2 provides practical repair methods — both temporary and permanent — for systems that have experienced degradation, damage, or operational issues. These methods include welding, mechanical clamping, composite wraps, grinding, and more.
Knowing the code inside and out helps ensure that repairs are performed in a way that maintains equipment integrity and aligns with international standards. That’s why understanding the scope of ASME PCC-2 is vital if Anda berperan sebagai engineer, inspector, atau maintenance manager.
Common Types of Repairs Covered by ASME PCC-2
ASME PCC-2 is structured into multiple articles and appendices that address various repair techniques, such as:
Welded repairs: Including build-up welding or full section replacement.
Mechanical repairs: Like clamps, enclosures, and bolted connections.
Nonmetallic repairs: Such as composite wraps using polymers and fibers.
Surface preparation and inspection procedures.
Each method is described with detailed steps, quality assurance guidelines, and qualifications required — enabling engineers to choose the right approach based on damage severity, service condition, and safety risk.
This standard bridges the gap between field realities and regulatory compliance. If you’re often faced with decisions about whether to replace, weld, or clamp a component — ASME PCC-2 helps you make that decision with confidence.
Key Principles Behind a Successful Repair
You may already know that not all repairs are created equal. In many field cases, how you do the repair is just as important as what you repair. ASME PCC-2 emphasizes several core principles:
Root cause analysis must precede any repair to prevent recurrence.
Qualified personnel must carry out or supervise the repair.
Proper documentation and post-repair inspections are critical.
Code-compliant decisions must be made under time and pressure constraints.
Understanding these principles gives you a structured mindset — not just ticking a box, but delivering repairs that actually extend equipment life and reduce failure risks.
How PetroSync Training Helps You Apply PCC-2 Confidently
Let’s be honest: reading the standard is one thing, but applying it on-site under real pressure is another. That’s where hands-on, scenario-based training becomes essential. PetroSync offers a specialized ASME PCC-2 training course that breaks down the code into practical applications.
Benefits of joining PetroSync’s training:
Learn from industry practitioners with real project experience.
Practice identifying suitable repair methods through case studies.
Understand how to coordinate with inspection, QA/QC, and third parties.
Get updated on code revisions and their implications in the field.
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