NEC Corporation (TSE: 6701), a leading global IT and network transformation services provider, announced today that it will enhance the NEC Value Added Network Solution Suite by adding open enterprise network solutions to its portfolio, including AI-enabled network and security solutions to accelerate businesses’ digital transformation (DX) and enable telecom monetization. Moreover, in collaboration with its strategic global partners, NEC will provide holistic network solutions and services – including award-winning telecom B2B/enterprise network solutions – to support businesses in achieving sustainable growth through innovation.
Currently, the business landscape is marked by an unprecedented transition from traditional non-automated workstyles to digitalized ones, and enterprises must harness the possibilities of digital and artificial intelligence to gain an edge. As part of this, they must transform their networks by improving capacity, security, and operational efficiency. However, infrastructure transformation is not easy since each business has unique objectives, requiring corresponding infrastructure adjustments. For example, businesses must determine whether to use public or hybrid clouds, or whether to utilize centralized or edge architecture.
To meet the emerging challenges of enterprises, NEC has added open enterprise network solutions to its Value Added Network Solution Suite portfolio, which is helping businesses to optimize their ROI through best-of-breed solutions and trusted advanced services that meet diverse enterprise needs. These services are offered by NEC Transport Network Centers of Excellence in EMEA, LATAM and APAC, which enhance customer experiences in their regions and collectively boast over 500 engineers worldwide, whose best practices provide a wide range of services, from business planning consultation and engineering services, to managed services offering integrated support for enterprise success.
With a trusted service record, the NEC Value Added Network Solution Suite has already been successfully deployed by global Tier-1 Telecoms. With this new enhancement for enterprise network solutions, NEC is poised to further accelerate support for digital transformation in the era beyond 5G, building on its expertise, and delivering innovative solutions and services for the unique challenges of modern businesses.
Supporting Quotes
“Adtran is proud to be part of NEC’s Enterprise Digital Innovation initiative with our innovative open networking solutions. Supporting the enterprise market is part of our DNA and we believe that our long and successful track record in that space will help NEC to achieve its goals. Automation of network operations is becoming a key requirement for staying competitive in the market. Our AI-driven network management solutions will help NEC to support automation transformation for their customers. We are also very happy to contribute our open optical solutions and market leading synchronization products to NEC Transport Network Centers of Excellence,” said Stephan Neidlinger, Vice President, Global Business Development, Adtran.
“We are pleased to collaborate with NEC, an Infinera global alliance partner, to deliver best-in-class open optical solutions that enable enterprises to harness the benefit of artificial intelligence with improved efficiency and sustainability. Our robust suite of datacenter interconnect solutions helps enterprises cost-efficiently connect their distributed datacenters, a differentiated offering delivered jointly with NEC’s Center of Excellence,” said Lorraine Twigg, Global Vice President, Channel Partners, Infinera.
“Networking that focuses end-to-end on consistent, reliable user experiences by leveraging true AI innovation delivers digital transformation and business value for the enterprise. Juniper’s new windowAI-Native Networking Platform provides the assurance that every connection is more reliable, measurable and secure for any user, device, application or asset in the cloud-first ecosystem. As a long-standing global technology partner of NEC, it is exciting to extend our COE collaboration into the enterprise space with this unique technology,” said Thomas Desrues, Vice President, Strategic Alliances, Juniper Networks.
“NEC recognizes that digital transformation (DX) is fundamental to a business’ sustainable growth. Leveraging decades of experience in networking accumulated through the telecom business, NEC enables network transformations for enterprises, leading to success in the era of artificial intelligence,” said Masayuki Kayahara, General Manager, Service Provider Solutions Department, NEC Corporation.
About NEC Corporation
NEC Corporation has established itself as a leader in the integration of IT and network technologies while promoting the brand statement of “Orchestrating a brighter world.” NEC enables businesses and communities to adapt to rapid changes taking place in both society and the market as it provides for the social values of safety, security, fairness and efficiency to promote a more sustainable world where everyone has the chance to reach their full potential. For more information, visit NEC at https://www.nec.com.
Value Research Center (VRC) at SSUNGA78: ‘How Purpose, Value, and Impact will Drive a Sustainable Post-SDG Future’
VRC hosts Panel Discussion at the Science Summit at UNGA78 on Sept 25, 16:00 to 18:30 JST, to discuss UN SDGs and the Value Model
KYOTO, Japan, Sep 25, 2023 – (JCN Newswire) – How can purpose, value, and impact measurement serve as a guide for building a post-SDGs model?
At this year’s UN General Assembly Science Summit (SSUNGA78), Prof. Philip Sugai, Director of the Value Research Center (VRC) at Doshisha University, Dr. Victoria Hurth from the Cambridge Institute of Sustainable Leadership (CISL), Dr. Mario Abela from the Value Balancing Alliance (VBA), and Prof. Haruko Satoh from Osaka University’s ESG Integration Research and Education Center (ESG-IREC) will hold individual presentations and a panel discussion about these questions as well as their answers.
The objective of this Science Summit is “to develop and launch science collaborations to demonstrate global science mechanisms and activities to support the attainment of the UN SDGs, Agenda 2030 and Local2030.” This event brings together scientists, academics, government leaders and citizens from around the world to participate in a series of workshops, presentations and discussions.
The 9th annual Science Summit is being held live in New York and online and it is free to attend. This presentation is one of four events hosted by the Okinawa Institute of Science and Technology (OIST) and co-host, the Permanent Mission of Japan to the United Nations.
“Beyond the wording on corporate websites, beyond the awards and sustainability scores, businesses have clear impacts on their stakeholders,” said Prof. Sugai. “The purpose of this workshop is to go beyond the talk surrounding sustainability issues to arrive at a useful, holistic model that is founded on purpose and offers a goal-based, objective, transparent approach for measuring and accounting for impacts and the value that they create. Not only for the world’s largest corporations in developed economies, but for businesses of all sizes anywhere in the world.”
This workshop will begin with opening remarks from Prof. Toshiya Hoshino, Director of the ESG Integration Research and Education Center (ESG-IREC), OSIPP, Osaka University, followed by individual presentations from:
– Dr. Victoria Hurth, Fellow and Advisory Board Member, Cambridge Institute for Sustainable Leadership (CISL)
– Dr. Mario Abela, Strategic Advisor, Value Balancing Alliance (VBA)
– Prof. Philip Sugai, Director, Value Research Center (VRC), Doshisha University
– Prof. Haruko Satoh, Co-Director, OSIPP-IAFOR Research Centre, Osaka University
This half-day workshop will be held online on, Monday, Sept 25, from 16:00 – 18:30 JST
Details of the Workshop are on: https://sched.co/1SDJ
Free registration is available on: https://sciencesummitunga.com/ssunga78/
About the Value Research Center
The Value Research Center (VRC) at Doshisha University in Kyoto, Japan was established in November 2021. Its mission: to develop a practical system, a Value Model, for organizations to measure, monitor, assess and report their impacts on 7 key stakeholders: the organization itself, its shareholders, employees, customers, partners, society, and the planet.
The VRC enhances its Value Model continuously, integrating new frameworks as they are introduced, bringing greater transparency, objectivity and measurability to value creation – in ways we often didn’t see. The VRC Value Model gives government and industry eyes to see impacts they’re actually having, and the ability to fix what’s broken and enhance what they’re doing well. Learn more at www.valueresearchcenter.com
About the ESG-IREC Research Center
The Osaka University Graduate School of International Public Policy – ESG Integration Research and Education Center (ESG-IREC) conducts research on practical implementable “ESG integration” models in corporate and business activities for the creation of a more sustainable future. Visit www.osipp.osaka-u.ac.jp/en/.
KYOTO, Japan, Sep 22, 2023 – (JCN Newswire) – How can purpose, value, and impact measurement serve as a guide for building a post-SDGs model?
At this year’s UN General Assembly Science Summit (SSUNGA78), Prof. Philip Sugai, Director of the Value Research Center (VRC) at Doshisha University, Dr. Victoria Hurth from the Cambridge Institute of Sustainable Leadership (CISL), Dr. Mario Abela from the Value Balancing Alliance (VBA), and Prof. Haruko Satoh from Osaka University’s ESG Integration Research and Education Center (ESG-IREC) will hold individual presentations and a panel discussion about these questions as well as their answers.
The objective of this Science Summit is “to develop and launch science collaborations to demonstrate global science mechanisms and activities to support the attainment of the UN SDGs, Agenda 2030 and Local2030.” This event brings together scientists, academics, government leaders and citizens from around the world to participate in a series of workshops, presentations and discussions.
The 9th annual Science Summit is being held live in New York and online and it is free to attend. This presentation is one of four events hosted by the Okinawa Institute of Science and Technology (OIST) and co-host, the Permanent Mission of Japan to the United Nations.
“Beyond the wording on corporate websites, beyond the awards and sustainability scores, businesses have clear impacts on their stakeholders,” said Prof. Sugai. “The purpose of this workshop is to go beyond the talk surrounding sustainability issues to arrive at a useful, holistic model that is founded on purpose and offers a goal-based, objective, transparent approach for measuring and accounting for impacts and the value that they create. Not only for the world’s largest corporations in developed economies, but for businesses of all sizes anywhere in the world.”
This workshop will begin with opening remarks from Prof. Toshiya Hoshino, Director of the ESG Integration Research and Education Center (ESG-IREC), OSIPP, Osaka University, followed by individual presentations from:
– Dr. Victoria Hurth, Fellow and Advisory Board Member, Cambridge Institute for Sustainable Leadership (CISL)
– Dr. Mario Abela, Strategic Advisor, Value Balancing Alliance (VBA)
– Prof. Philip Sugai, Director, Value Research Center (VRC)
– Prof. Haruko Satoh, Co-Director, OSIPP-IAFOR Research Centre, Osaka University
This half-day workshop will be held online on, Monday, Sept 25, from 16:00 – 18:30 JST
Details, and free registration, are available at https://sciencesummitunga.com/ssunga78/
About the Value Research Center
The Value Research Center (VRC) at Doshisha University in Kyoto, Japan was established in November 2021. Its mission: to develop a practical system, a Value Model, for organizations to measure, monitor, assess and report on their impacts on 7 key stakeholders: the organization itself, its shareholders, employees, customers, partners, society, and the planet.
The VRC enhances its Value Model continuously, integrating new frameworks as they are introduced, bringing greater transparency, objectivity and measurability to value creation – in ways we often didn’t see. The VRC Value Model gives government and industry eyes to see impacts they’re actually having, and the ability to fix what’s broken and enhance what they’re doing well. Learn more at www.valueresearchcenter.com.
About the ESG-IREC Research Center
The Osaka University Graduate School of International Public Policy – ESG Integration Research and Education Center (ESG-IREC) conducts research on practical implementable “ESG integration” models in corporate and business activities for the creation of a more sustainable future. Visit www.osipp.osaka-u.ac.jp/en/.
Value Partners Group Limited (together with its subsidiaries, “Value Partners”, Hong Kong Stock Code: 806.HK) is pleased to announce the strategic investment by GF Holdings (Hong Kong) Corporation Limited (“GF Hong Kong”), a wholly owned subsidiary of GF Securities Co., Ltd. (“GF Securities”) into Value Partners. GF Hong Kong will purchase part of the equity holdings from two major shareholders of Value Partners, and is expected to hold 20.20% of Value Partners upon the completion of transaction. This transaction will enable Value Partners to further strengthen its position as a world-class Asia and China specialist asset manager to address the increasing investment needs from institutional and individual investors globally.
Charles LIN, Chief Executive Officer of GF Hong Kong, stated: “As one of China’s largest full-service financial institutions by asset size, GF Securities values the opportunity to collaborate with Value Partners as a strategic shareholder. The synergies we create will sharpen our competitive edges in wealth and asset management. The move is also in line with GF Securities’ strategy to expand the firm’s global footprints. We believe that with joint efforts, GF Securities will be able to further advance sustainable economic growth and capture financial opportunities in China’s Greater Bay Area.”
Dato’ Seri CHEAH Cheng Hye, Co-Chairman and Co-Chief Investment Officer at Value Partners, said: “As one of the largest independent asset managers in the Asia region with more than 30-year track record of delivering investment values to our clients, Value Partners is delighted to collaborate with GF Securities through this strategic investment. The partnership will not only significantly increase Value Partners’ reach to mainland Chinese investors, especially in the Greater Bay Area, through GF Securities’ strong distribution network, but also strengthen our investment capabilities across different asset classes in China. We are confident that our collaboration with GF Securities as a strategic shareholder can generate synergies and bring long-term and stable returns to the company’s shareholders and investors.”
Completion of the Transaction is subject to the satisfaction of conditions precedents, including obtaining necessary regulatory approvals and consents from and completion of registration, with relevant governmental and regulatory authorities. Exact shareholding and consideration is to be finalized upon completion.
About Value Partners Group Limited Value Partners, one of Asia’s leading independent asset management firms, seeks to offer world-class investment services and products. Since its establishment in 1993, the Company has been a dedicated, specialist value investor in Greater China and Asia. In November 2007, Value Partners Group Limited became the first asset management firm to be listed on the Main Board of the Hong Kong Stock Exchange (Stock code: 806 HK). In addition to its Hong Kong headquarters, the firm operates in Shanghai, Shenzhen, Kuala Lumpur, Singapore and London. Value Partners’ investment strategies cover equities, fixed income, multi-asset, alternatives, real estate and quantitative investment solutions, for institutional and individual clients in Asia-Pacific, Europe and the United States. Value Partners is one of the leaders in ESG investing in Greater China and is committed to developing its ESG capabilities further. For more information, please visit www.valuepartners-group.com.
About GF Securities Co., Ltd. Established in 1991, GF Securities Co., Ltd. is one of the first, full-service securities companies in China. The Company was successfully listed on the main boards of the Shenzhen Stock Exchange (Stock code: 000776.SZ), and the Hong Kong Stock Exchange (Stock code: 1776.HK), in 2010 and 2015, respectively. With excellent business performance, continual optimised risk management and quality services, the Company has successfully achieved sustainable and steady development, and has become one of the most influential securities companies in China for years. As of December 31, 2022, the Company operated 338 branches and business departments, covering 31 provinces, cities, and autonomous regions throughout China. Its capital strength and profitability remain at the top among all listed securities companies in China. The Company actively fulfils its social responsibilities through “GF Securities Social Charity Foundation”, with its focus on poverty relief and provision of financial support for education, and practises social responsibilities on a voluntary basis, thus leading to the continuous increase in its reputation and brand influence.
Media Contact Value Partners Group Limited Alice Wong alicewong@vp.com.hk +852 2143 0340
Citigate Dewe Rogerson Isaac Yau isaac.yau@citigatedewerogerson.com +852 3103 0112
Adjustment to Value Bands of Ad Valorem Stamp Duty payable for sale and purchase or transfer of residential and non-residential properties (Scale 2 rates)
The 2023-24 Budget announced the adjustment of value bands of the Ad Valorem Stamp Duty (AVD) (Scale 2 rates) payable for sale and purchase or transfer of residential and non-residential properties, with a view to easing the burden on ordinary families of purchasing their first residential properties. The adjustment have come into effect at 11am today (February 22) (the Effective Date).
At present, AVD at Scale 2 rates is mainly applicable to acquisition of residential properties (subject to specific conditions) and acquisition of non-residential properties. Only the acquisition of residential property by a Hong Kong permanent resident who is acting on his or her own behalf and is not a beneficial owner of any other residential property in Hong Kong at the time of acquisition is chargeable to AVD at Scale 2 rates. The value bands on which the AVD Scale 2 rates apply have not been adjusted since 2010. The value bands proposed in Budget is at Annex.
The aforementioned adjustment to the value bands of AVD (Scale 2 rates) will be implemented through the Stamp Duty (Amendment) Bill 2023 (the Bill). The Chief Executive has made the Public Revenue Protection (Stamp Duty) Order 2023 (the Order) by exercising his statutory powers to give full force and effect of law to the Bill so long as the Order remains in force. The Order and the Bill will be published in the Gazette today and on March 3 respectively, and introduced into LegCo on March 15.
Any instruments executed before 11am on the Effective Date remain chargeable to AVD at the original Scale 2 rates.
