by Ferry Bayu | Aug 18, 2023 | Business
RS Malaysia expands local distribution centre with the launch of new warehouse
RS Group plc (LSE: RS1), a global omni-channel provider of product and service solutions, has expanded its distribution centre in Malaysia with the launch of a new 50,000 sq. ft warehouse as part of its strategy to ensure future growth and expand its range of service offerings.
Acknowledging the significance of minimising maintenance and equipment downtime, the facility is strategically located within Mapletree Logistics hub in Shah Alam, Klang Valley. The location is conveniently situated 25 minutes (approximately 22 kilometres) away from Klang Sea Port and 50 minutes (around 56 kilometres) away from KLIA International Airport. This setup allows for a quick order fulfilment time of only one to two days for local businesses.
In collaboration with Geodis MY, the warehouse is outfitted with comprehensive wireless coverage and is Industry 4.0 ready, with plans to integrate radio frequency technology and other IoT devices in the near future. The facility is also equipped with RS’s SAP and vendor-managed inventory systems, enabling efficient operations management, allowing for greater spend visibility and reductions in process costs. This is further complemented by Geodis’ warehouse management system which ensures efficient inventory storage and retrieval functions.
Sean Er Lim, Country General Manager, RS Malaysia, said, “Malaysia is a strategic market for RS, and the increase in capacity will enable us to offer a wider range of products and services to our customers. This warehouse signifies RS’ continued commitment to Malaysia’s industry4WRD (Industry 4.0) initiative, providing businesses with the necessary industrial and electronic solutions to embrace Industry 4.0. Our diverse array of innovative solutions will simplify the transition for businesses looking to embrace the next industrial revolution.”
RS Group plc provides product and service solutions that help our customers design, build, maintain, repair and operate industrial equipment and operations, safely and sustainably. We stock more than 750,000 industrial and electronic products, sourced from over 2,500 leading suppliers, and provide a wide range of product and service solutions to 1.1 million customers.
We support customers across the product lifecycle, whether via innovation and technical support at the design phase, improving time to market and productivity at the build phase, or reducing purchasing costs and optimising inventory in the maintenance, repair and operation phase. We offer our customers tailored product and service propositions that are essential for the successful operation of their businesses and help them save time and money.
RS Group plc is listed on the London Stock Exchange with stock ticker RS1 and in the year ended 31 March 2023 reported revenue of £2,982 million.
RS Group
Lynn Webster-Scott
Head of Corporate PR
Tel: +44 (0)20 7239 8400
ly****************@*****up.com
by Ferry Bayu | Aug 18, 2023 | Business
Create the future of your dreams with AIA A+ Signature
Part of adulting is the realization that you need to start planning early so you can create the future of your dreams. This can be as simple as building your own home, traveling the world, or retiring by the age of 40. Whatever those dreams are, it is only through careful preparation that you can achieve those dreams, and a big part of that is having financial resources.
Life can throw curveballs at you—sickness, accident, and death—and the best way to survive these is to be prepared, so that whatever happens, you don’t have to give up those dreams.
Here are four tips to help guide you on your way to creating the future you want.
Envision the future life that you want
How do you plan to live? Do you want to travel every year? Do you want your children to study overseas? Are you planning to retire when you hit 50? However you envision the future, it’s important to have a continuous income stream that will augment either your savings or your present earnings.
AIA A+ Signature provides guaranteed cash payouts, where you can get 10 percent of the face amount starting at the end of your fifth or sixth policy year (depending on the payment term selected) and then every two years thereafter. If you’re an early retiree, having additional money on top of your retirement funds coming in on a regular basis will help you sustain the lifestyle you used to have, plus allow you to do all the other things you’ve always wanted to do but couldn’t afford!
Plan your expenses wisely and set aside savings
Having enough budget to spare for the niceties of life comes at a price. If you want to be able to afford those, you need to have a delayed gratification mindset: make sacrifices now to get what you want later. For most people, this means cutting one’s budget to the bare minimum, and with 20 percent of their earnings going into their savings. This also means wiping out debts, and only taking on ‘good’ debts like mortgage and car loans.
AIA Philippines (formerly AIA Philam Life) now offers AIA A+ Signature, a product that lets you create a worry-free future with guaranteed benefits and cash payouts equal to 10 percent of your plan’s face amount.
With the flexible payment terms of paying for your policy within five, ten or twenty years, you are assured there is an option that allows you to work it into your budget, so you can set aside money to make your future plans happen.
Protect yourself from life’s many risks
Imagine how life would be for your family if you met an untimely passing. If you are the family breadwinner, the wisest course of action is to protect them from untoward life events as soon as you can. Nothing expresses your love more strongly than making sure that no matter what happens to you, your loved ones can continue to fulfil their dreams.
Should you live a long and happy life, life insurance can also be another way to leave behind an inheritance for your loved ones. Either way, you will leave behind a legacy that can take care of your family.
With AIA A+ Signature, your beneficiaries will receive twice the amount of coverage of the plan. This means that if the coverage is for one million, the two million that your loved ones will receive will go a long way towards ensuring that their needs are cared for.
Know when and what to invest in
Time is always on your side in investment. If you start early and invest for the long-term, you are in a better position to weather market volatility. 
Do not leave your eggs in one basket. Study the pros and cons and determine your risk appetite in investing. After ensuring you’re protected with life insurance, explore other ways to grow your money through variable unit-linked (VUL) products, bonds, equities, real estate, and other financial instruments.
If you’re on the lookout to get a multipurpose insurance product that has the potential to give you additional gains, you might also want to check out AIA A+ Signature. Aside from the guaranteed cash payouts, you can also have added savings from non-guaranteed dividends.
You need to make smart decisions today so you can create the future that you want for yourself and your family. With AIA A+ Signature, you’re one step closer to enjoying the life that you’ve always wanted, and look forward to a healthier, longer, better life ahead.
by Ferry Bayu | Aug 18, 2023 | Business
Mondelez Philippines celebrates 60th anniversary in partnership with Parañaque City
Oreo, Cadbury, Eden, Cheez Whiz, Tang, and Toblerone: As Filipinos, it’s safe to say you’ve snacked on some of these offerings from Mondelez Philippines. As the brand continues its commitment to promote mindful snacking, Mondelez looks back and expresses gratitude to everyone who has been with them for over six decades of partnership, including their home, Parañaque City, since July 31, 1963.
On August 7, Mondelez Philippines hosted a Thanksgiving dinner at Sequioa Hotel in Paranaque City, attended by the brand’s executives and Paranaque government officials, including Mayor Eric Olivarez and Vice Mayor Joan Villafuerte. “We extend our gratitude to the city of Parañaque for being our home all these many years,” said Mondelez Philippines Vice President Aleli Arcilla. “We have benefitted from the support that the city has provided us, and in turn we have done our utmost to be a responsible corporate citizen.”
Apart from being one of the city’s top taxpayers for many years, a part of the company’s sixty-year-old heritage is Mondelez Philippines’ various advocacies. In recent years, the company, along with the Parañaque City government, has launched several advocacy campaigns focusing on health, such as the company’s 11-year-long Joy Schools feeding program that has provided meals to thousands of the city’s students. Additionally, the company donated over 2,000 doses of Moderna COVID-19 vaccines to the Parañaque Local Government Unit (LGU) during the pandemic. Mondelez Philippines also collaborated with the city health office to provide a learning session for barangay health workers, highlighting its mindful snacking advocacy.
by Ferry Bayu | Aug 16, 2023 | Business
Gripping is one of the most common and natural tasks that people perform, but for robots, it is not as intuitive. To achieve human-like gripping abilities, robots need computer vision and deep learning to detect the type of objects in front of them as well as their orientation. The dexterous and adaptive gripping solutions developed by the RoPlus team can be used universally to handle a wide range of products and can automatically decide how best to pick and place objects with the aid of computer vision to minimize the necessity of intensive human intervention.
Universal Intelligent Soft Robotic Gripping Solutions
Gripping is one of the most common and natural tasks that people perform, but for robots, it is not as intuitive. To achieve human-like gripping abilities, robots need computer vision and deep learning to detect the type of objects in front of them as well as their orientation. The dexterous and adaptive gripping solutions developed by the RoPlus team can be used universally to handle a wide range of products and can automatically decide how best to pick and place objects with the aid of computer vision to minimize the necessity of intensive human intervention.
With the aim of developing robotic grippers that are as dexterous as human hands, the RoPlus team came up with hybrid robotic grippers consisting of three or four soft fingers, which can reconfigure automatically on demand. The 3D-printed soft fingers are air-driven and equipped with a novel locking mechanism for adjustable stiffness. The 3D-printing method used to produce the soft fingers is low-cost and offers flexibility in customizing the actuator design based on actual gripping requirements.
Different types of grippers were developed for food and consumer goods manufacturing processes. The gripper bases are reconfigurable so that they can accommodate items of various sizes. The soft rotatable gripper fingers allow delicate grasping of items of various shapes, and the embedded retractable vacuum suction cup can maneuver more awkwardly positioned objects such as the corner of a tote bin.

RoPlus’ gripping solution is also fully customizable to adapt to specific client needs and space constraints. This approach offers a wide variety of gripping options that can handle objects of different shapes, sizes and packaging materials. The RoPlus team’s customizable technology has been deployed at People Bee Hoon Factory, a Singapore-based rice vermicelli manufacturer, for optimizing the packing of rice vermicelli packets into carton boxes.

Commenting on the company’s decision to adopt RoPlus’ technology, Mr Desmond Goh, Director of People Bee Hoon Factory said, “Most of our existing staff are mature workers, so we sought to tap on new technology that can ease the workload of our existing staff, while simultaneously boosting their productivity. We selected this technology because it is able to meet our purpose, and provides flexibility for different deployments that we require.”
Other than grippers, RoPlus also develops computer vision system which can be integrated into the gripping system to command and control the configurations of the grippers automatically, based on the items detected. This can minimize human interventions during the pick-and-place tasks to fully automate the whole process.

RoPlus offers commercial partners different options of deploying the robotic gripper systems – they can be bundled together with a robotic arm, or purchased individually since the grippers can be easily mounted onto commercial robot arms for companies that already have their own.
About the RoPlus Team
The reconfigurable hybrid robotics gripping systems were created based on inspirations from the natural dexterity of the human hand by a team of entrepreneurs from the National University of Singapore (NUS). This technology is expected to impact a range of industries, involving food assembly, vertical farming and fast-moving consumer goods packaging, which will progressively automate more of their operations in the coming years.
The team comprises of Associate Professor Raye Yeow from the NUS Department of Biomedical Engineering and the NUS Advanced Robotics Centre, ex-NUS researchers Low Jin Huat, Khin Phone May, Chen Chao-Yu, Benjamin Ang and NUS alumni Han Qian Qian. The hybrid robotic grippers use soft, flexible 3D-printed fingers with a reconfigurable gripper base. The robotic innovation has now been commercialized and deployed at end-users facilities to increase productivity and efficiency of the production lines.

“An object’s shape, texture, weight and size affect how we choose to grip them. This is one of the main reasons why many industries still heavily rely on human labour to package and handle delicate items,” Assoc Prof Yeow said. “Our hybrid robotic gripper technology revolutionizes traditional pick-and-place tasks by offering advanced capabilities that allow robots to safely interact with delicate items of various shapes, sizes and stiffness, just like the human hand.”
Incorporated in 2021, RoPlus aims to help local companies (food and consumer goods manufacturers) automate their production lines for more innovative and faster production processes by providing intelligent soft automated gripping solutions with computer visioning.
RoPlus is supported by the National University of Singapore which seeds startups created by the University’s staff and researchers. The relevant research for the gripper systems also received support from the National Robotics Programme and the Agency for Science, Technology and Research.
Han Qian Qian
81815142
qi******@****us.sg
by Ferry Bayu | Aug 16, 2023 | Business
Binance files for protective order against SEC
Crypto exchange Binance late on Monday filed for a protective court order against the U.S. Securities and Exchange Commission, saying the regulator’s requests for information were “over broad” and “unduly burdensome.”
BAM Trading, Binance U.S.’ operating company, and BAM Management in a court filing in the US District Court of Columbia said the group had already provided sufficient information to the regulator.
The protective order seeks to limit the SEC, among other things, to four depositions from BAM employees and to drop the deposition of BAM’s chief executive and of its chief financial officer, without naming anyone.
Binance did not immediately respond to a request for comment, while the SEC declined to comment.
U.S. regulators sued Binance and CEO Changpeng Zhao in June for allegedly operating a “web of deception,” listing 13 charges including claims the company artificially inflated its trading volumes, diverted customer funds, failed to restrict U.S. customers from its platform and misled investors about its market surveillance controls.
“The SEC has still yet to identify any evidence suggesting that customer assets were misused or dissipated in any way,” the filing said.
The SEC has declined BAM’s proposals to meaningfully limit its requests and is opposed to the motion for a protective order, the filing said.
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