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GetSwift Appoints Belinda Gibson to Board

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GetSwift Limited (ASX:GSW) (GetSwift or the Company) today announced the appointment of Belinda Gibson to the GetSwift Board of Directors. Ms. Gibson brings over 30 years of governance, directorship, and corporate advisory experience to GetSwift. Ms. Gibson has extensive securities markets experience including a former role as Deputy Chairman of the Australian Securities & Investments Commission (ASIC) responsible for capital markets and listed company oversight.

GetSwift Chairman Michael Fricklas said, Todays announcement demonstrates GetSwifts ongoing commitment to a strong and independent Board of Directors. Adding Belinda confirms our commitment to best-in-class governance practices with a majority of independent directors. She has an outstanding reputation that is well-earned and I have enjoyed getting to know Belinda over the past few months. We will be a stronger board by adding her wisdom, experience, talent and spirit.

Chief Executive Officer and Executive Director Bane Hunter said, Belinda has an exemplary track record as a director, legal advisor, and leading figure on corporate governance. Her extensive experience working with public companies will provide tremendous value to the Company and its shareholders.

Ms. Gibson said, I am delighted to join GetSwifts Board during such an exciting period of growth for the Company. I have spent considerable time meeting with the Companys directors, management and employees and examining diligence materials. I am very comfortable with the Companys strong commercial and financial position. After reviewing the position over the last couple of months I have a high degree of confidence in Bane, Joel, and the rest of the GetSwift management team, as well as Chairman Michael Fricklas and fellow director David Ryan. I believe the Company has excellent potential for long-term shareholder value creation.

Ms. Gibsons distinguished career spans private and public service. She is a company director and corporate adviser with extensive experience of the securities and financial markets and particularly regulatory strategy, corporate transactions and governance arrangements. She was a corporate law partner at the leading Australian law firm Mallesons Stephen Jaques for 20 years before becoming a Commissioner and then Deputy Chair of ASIC from 2007 to 2013. She is presently a director of Brisbane Airport Corporation, Ausgrid, Citigroup Pty Ltd (Citis Australian retail bank arm) and Thorn Group.

In the past she has served as a director of Airservices Australia and The Sir Robert Menzies Memorial Foundation. She is presently a Trustee of The Australian Museum and the Lizard Island Reef Research Foundation. She is a Member of the Chief Executive Women and chaired the CEW Scholarship Committee. She is a Fellow of the Australian Institute of Company Directors and a Fellow of the Governance Institute of Australia. Ms. Gibson has a Bachelor of Economics and Laws from The University of Sydney and a Master of Laws from The University of Cambridge.

Annexure: Proposed equity grant

Subject to receiving shareholder approval, GetSwift proposes to issue an aggregate 300,000 options to subscribe for one fully paid ordinary share each in the capital of the Company (Options).

These Options are intended to be offered to Ms. Gibson or her associates, consistent with US market practice for emerging growth companies and consistent with the previous options awards made to David Ryan and Michael Fricklas.

In accordance with commentary in the ASX Corporate Governance Council Principles and Recommendations, these securities issued to non-executive directors will not have performance hurdles. Further, they will not vest if the recipient ceases to be a director of the Company.

The Options will be granted no later than 1 month following shareholder approval, with an exercise price for each Option being the 30 day VWAP for shares in the Company immediately prior to the grant date.

Over 3 years, the Options will vest in equal quarterly instalments, but they may only vest if at the time of the applicable vesting the recipient is still a director of the Company. The Options expire 10 years after their issue date.

Adjustments to numbers of options and exercise price are only as permitted under ASX Listing Rules. If the shares resulting from the exercise of the options are issued and not transferred, the Company will immediately apply for quotation of the shares. The Option terms will include acceleration of vesting for change of control or liquidity events. Options are not transferable prior to vesting, other than to estate planning vehicles. At the request of the Option holder and subject to all applicable law, options may be net exercised.

About GetSwift Limited

Technology to Optimise Global Delivery Logistics

GetSwift is a worldwide leader in delivery management automation. From enterprise to hyper-local, businesses across dozens of industries around the globe depend on our SaaS platform to bring visibility, accountability, efficiency and savings to their supply chain and Last Mile” operations. GetSwift is headquartered in New York City and is listed on the Australian Securities Exchange (ASX:GSW). For further background, please visit GetSwift.co.

GetSwift Limited
Media enquiries (Australia):
Tony Gray
[email protected]
or
Media
enquiries (Outside Australia):
John Jannarone
[email protected]
or
Investor
enquiries:
[email protected]
or
Company
Secretary:
Sophie Karzis, +61 3 8622 3351
[email protected]

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Ericsson ConsumerLab Report: Digital Technologies to Augment Singapore’s Transportation Infrastructure

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  • 43 percent of Savvy Commuters feel that they receive plenty of mental space when commuting
  • 40% of Singaporeans feel that their city infrastructure is becoming more strained every year
  • Technology expected to play an instrumental role in enhancing commuter experience

SINGAPORE – Media OutReach – 26 November 2020 – Ericsson‘s latest ConsumerLab report explores commuter behavior both before and during the COVID-19 crisis, reflecting consumers’ opinions and habits that could be used to offer a more satisfactory commuting experience in the increasingly digital and connected world of tomorrow.

 

Commuting in Singapore has been affected by the COVID-19 crisis with measures during this unprecedented time influencing changes in consumer mobility patterns and future expectations. Consumers are demanding more from their devices, mobile connectivity, and vehicles during their daily commute to wrap up their work or partake in social and recreational activities while commuting. The Augmenting the Daily Commute report surveyed 16,000 commuters in 16 cities, including 1,000 from Singapore who used different transport modes, including ride and car sharing services.

 

Mental space for a positive commuting experience

The report explores how the most satisfied commuters — a group Ericsson has named “Savvy Commuters” — see their commute as more than just time spent moving from one point to another. Savvy Commuters actively create positive conditions for their trips, using it to free up time for the rest of the day and turning it into an experience worth having.

 

A crucial criterion for a positive experience is the feeling of having enough physical and mental space. Physical space is dependent on the transport mode but mental space can be recreated through digital engagement. In Singapore, 43 percent of Savvy Commuters feel that they receive plenty of mental space during their commute, an additional 42 percent shared that they have sufficient personal space when commuting. This group immerse themselves in different digital experiences to create a sense of space, with 54 percent of them relying on their smartphones and 46 percent using headphones to achieve this purpose.

 

Commuters are concerned about the city’s mobility infrastructure

Mass transportation remains the most common form of transportation mode by Singaporeans (56 percent), with 37 percent doing so with their personal cars. Key motivations cited for using the current mode of transport are its convenience (58 percent), cost (45 percent) and time efficiency (46 percent). When it comes to time spent on commuting, majority of Singaporeans spend less than 90 minutes commuting a day (64 percent), while 36 percent spend 90 minutes and more. Unsurprisingly, reducing time spent on commuting is a key priority for most respondents (over 70 percent) compared to having control of their arrival time with a longer commute (almost 30 percent).   

 

Despite being one of the few cities in the study with greatest use of mass transport modes, more than 60 percent of respondents in Singapore have a negative perception of the city’s transportation system. 39 percent of respondents feel the growing strain in the city’s mobility infrastructure,  while 25 percent believe that it is reaching a saturation point and is working over the intended capacity.

 

Safety tops the list of conceptual mobility services

Testing and analyzing 16 mobility concepts across three categories of “Safety and Assistance”, “Entertainment”, and “Convenience”, Ericsson found that consumers are most interested in services and features that enhance safety and reduce stress in demanding situations. Majority of respondents show high interest in enhanced assisted driving features supported by connectivity, where information is collected from vehicles and sensors regarding hazards beyond the horizon.

 

Half of the respondents from Singapore are highly interested in safety features that send alerts when a driver is not paying attention to a danger ahead, alerting both the driver and other road users. This is backed by their willingness to pay a premium for safety services and features such as distracted driver detection (35 percent) and see through cars powered by 5G (32 percent).

 

When it comes to entertainment and convenience, 37 percent voiced high interest for augmented reality windows on trains and buses. Nearly one third look forward to seeing some form of in-seat Augmented Reality (AR) passenger entertainment, while 34 percent have stated their preference for mood personalization experiences. 39 percent of respondents are also highly interested in continual in-vehicle connectivity that offers alternative route suggestions from the vehicle to avoid call drops or lags along the way to boost their productivity.

 

“5G technology will play an instrumental role in delivering an enhanced commuter experience, alongside the safety, efficiency and sustainability of urban transportation in the years to come. Through our continuous investments, partnerships and innovation, we aim to deliver the best connectivity experience for commuters across the different modes of transportation,” said Martin Wiktorin, Head of Ericsson Singapore, Brunei and Philippines “We can take inspiration by understanding what consumers value during their daily commute and drive positive changes to deliver satisfaction and enhance the commuting experience as more people head back to work.”

 

The report also includes highlights around commuter expectations on the future of mobility in Singapore such as:

  • 61 percent believe that shared mobility services will be used more than today in 5 years’ time, with the main reason being to reduce congestion.
  • Among the sixteen conceptual mobility services, most Singaporeans expect entertainment services to take the longest to enter the market, with augmented reality maps expected to roll out only in the next 4.5 years.
  • Globally, 60 percent respondents believe autonomous vehicles will completely revolutionize the commuting experience within the next 10 years. This figure rises to 72 percent in Singapore with consumers indicating that new automotive companies will lead the autonomous vehicle revolution. Interestingly, Singapore consumers (38 percent) are revealed to rely much more heavily on government authorities to lead the deployment of autonomous driving compared to other countries in Asia Pacific, with only 25 percent of the region expecting government authorities to do so.

 

ABOUT THE STUDY:

This study is representative of the opinions of 130 million smartphone users globally. The data were gathered through online interviews with 16,000 people between ages 15 – 69 years-old from Bangkok, Berlin, Delhi, Dubai, Jakarta, London, Los Angeles, New York, Paris, São Paulo, Seoul, Shanghai, Singapore, Stockholm, Sydney and Tokyo. Of which 1,000 users are based in Singapore. In addition to the consumer interviews, expert interviews were conducted with senior executives from telecom operators, mobility service providers and vehicle manufacturers between March and April 2020 to gain a perspective on industry sentiments around the future of mobility for consumers.


ABOUT ERICSSON:

Ericsson enables communications service providers to capture the full value of connectivity. The company’s portfolio spans Networks, Digital Services, Managed Services, and Emerging Business. It is designed to help our customers go digital, increase efficiency and find new revenue streams. Ericsson’s innovation investments have delivered the benefits of telephony and mobile broadband to billions of people around the world. Ericsson stock is listed on Nasdaq Stockholm and on Nasdaq New York. www.ericsson.com

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DHL sends healthcare supplies for World Health Organization to the Pacific Islands

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  • Tourism-dependent islands badly impacted by more than 90% decline in passenger flights
  • Supplementary COVID-19 supplies moved through Singapore and Fiji to reach the Pacific islands

SINGAPORE – Media OutReach – 26 November 2020 – The far flung islands in the Pacific have not been spared the brunt of COVID-19. The World Health Organization has been working tirelessly to ensure much-needed supplies and healthcare equipment reach the shores of these islands. While the number of cases has been relatively small, many of these countries, which are heavily dependent on tourism, have been impacted by the dramatic cuts in passenger flights, resulting in a logistical challenge to send in basic supplies on a regular basis.

[View Image]

Image taken prior to Covid-19

 

This week, the World Health Organization coordinated its latest cargo donation through DHL Global Forwarding (“DHL”), the freight specialist of Deutsche Post DHL Group, to support the islands’ fight against COVID-19. The shipments, worth over EUR 650,000 contained medical devices such as oxygen concentrator sets, patient monitors and pulse oximeters, were airfreighted from Singapore to Fiji, where they will be dispatched to eight islands in the Pacific. The Pacific Islands, which had previously managed to avoid large outbreaks, experienced a recent spike in COVID-19 infections that doubled its total number of cases.

 

Due to the shortage of air capacity with passenger flights reduced by more than 90%, the freight had to be broken down into three tranches, sent some two weeks apart. DHL Global Forwarding organized the first shipment from Singapore to Fiji on 22 October, and will be stored till the last shipment arrives on 19 November. From Fiji, special flights or shipping lines were then organized into eight markets, Cook Islands, Kiribati, Nauru, Niue, Solomon Islands, Tokelau, Tuvalu and Tonga, to ensure they reached their destination.

 

“Ensuring that the Pacific Island countries have access to the necessary medical equipment and supplies to prepare for and respond to COVID-19 is a priority for the World Health Organization. But reaching such remote places, especially when so many airports are closed, is a huge logistical challenge. WHO is happy to be working with our partners like DHL to be able to make this happen.” said Dr Takeshi Kasai, WHO Regional Director for the Western Pacific.

 

The medical devices, which will be sent to hospitals and other healthcare institutions, will aid local medical professionals in treating COVID-19 patients.

 

“Whilst the Pacific Islands’ geographic distance from densely populated countries had helped them avert major outbreaks during the pandemic, it has equally worked against them in acquiring much-needed supplies due to the scarcity of air freight capacity. As one of the few global logistics players in the Islands and one with a geographic footprint as wide as ours, we are glad to be able to play a part in delivering the medical equipment and living up to our purpose of ‘Connecting People, Improving Lives,” said Kelvin Leung, CEO, DHL Global Forwarding Asia Pacific.

 

More than ever before, the criticality of logistics networks have been demonstrated in the battle to get much needed supplies to countries that need it the most. Since the start of the year, DHL Global Forwarding tapped on its network of life science and healthcare facilities, temperature-controlled solutions and customs clearance expertise to fly more than 1.3 million COVID-19 test kits from South Korea to Brazil, Ecuador, India, Lithuania, Poland, Russia and Saudi Arabia. The freight forwarder also launched a dedicated 100-ton weekly air freight service for organizations and governments shipping health and medical-related items and other goods from China to Middle East and Africa.

 

Note to editors:

Vaccine logistics for Covid-19 will pose challenges along the supply chain that must be jointly addressed by governments, NGOs, pharmaceutical companies, and logistics players urgently. Find out what lessons Covid-19 has taught on securing stable supply chains for future emergencies and the complexities in distributing the vaccine across the globe.


DHL – The logistics company for the world

DHL is the leading global brand in the logistics industry. Our DHL divisions offer an unrivalled portfolio of logistics services ranging from national and international parcel delivery, e-commerce shipping and fulfillment solutions, international express, road, air and ocean transport to industrial supply chain management. With about 380,000 employees in more than 220 countries and territories worldwide, DHL connects people and businesses securely and reliably, enabling global sustainable trade flows. With specialized solutions for growth markets and industries including technology, life sciences and healthcare, engineering, manufacturing & energy, auto-mobility and retail, DHL is decisively positioned as “The logistics company for the world”.

DHL is part of Deutsche Post DHL Group. The Group generated revenues of more than 63 billion euros in 2019. With sustainable business practices and a commitment to society and the environment, the Group makes a positive contribution to the world. Deutsche Post DHL Group aims to achieve zero-emissions logistics by 2050.

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Sunlight Real Estate Investment Trust Issued HK$300 Million Five-year Medium Term Notes

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HONG KONG SAR – Media OutReach – 26 November 2020 – Henderson Sunlight Asset Management Limited (the “Manager“) is pleased to announce that Sunlight Real Estate Investment Trust (“Sunlight REIT“) has completed its first HK$300 million five-year medium term notes (the “Notes“) today.  This successful inaugural Hong Kong dollar fixed-rate issuance marks a major milestone of Sunlight REIT, testifying to its credit quality amidst a challenging economic environment.

As part of the US$1,000,000,000 guaranteed medium term note programme which was reactivated in April this year, the Notes carry a tenor of five years and a coupon rate of 2.00%. CMB Wing Lung Bank Limited (“CMB Wing Lung“) and CMB International Capital Limited (“CMBI“) are the joint placing agents of the Notes.

Mr. Wu Shiu Kee, Keith, Chief Executive Officer of the Manager, said, “We are delighted to have partnered with CMB Wing Lung and CMBI in launching this maiden medium term note issue of Sunlight REIT, with the competitive pricing of the Notes clearly demonstrating its strong capital market recognition. Similar to the Japanese yen 7,000 million sustainability-linked loan completed last month, this financing exercise once again illustrates the Manager’s commitment to diversifying Sunlight REIT’s sources of funding, while strengthening its exposure to fixed rate borrowing.”

Mr. Wilson He, Assistant General Manager of CMB Wing Lung, said, “We are truly grateful to have such opportunity to support Sunlight REIT’s issuance of the Notes and it is a move to further underpin our collaboration in the future.”

About Sunlight REIT

Sunlight REIT (Stock code: 435) is a real estate investment trust authorized by the Securities and Futures Commission and constituted by the trust deed dated 26 May 2006 (as amended and supplemented by six supplemental deeds) (the “Trust Deed“), and has been listed on The Stock Exchange of Hong Kong Limited on 21 December 2006. Sunlight REIT offers investors the opportunity to invest in a diversified portfolio of 11 office and five retail properties in Hong Kong with a total gross rentable area of over 1.2 million sq. ft.. The office properties are primarily located in core business areas, including Wan Chai and Sheung Wan, as well as in decentralized business areas such as Mong Kok and North Point. The key retail properties are situated in regional transportation hubs and new towns including Sheung Shui, Tseung Kwan O and Yuen Long.

About the Manager

The Manager of Sunlight REIT is an indirect wholly-owned subsidiary of Henderson Land Development Company Limited (恒基兆業地產有限公司). Its main responsibility is to manage Sunlight REIT and all of its assets in accordance with the Trust Deed in the sole interest of its unitholders.


Disclaimer: The information contained in this press release does not constitute an offer or invitation to sell or the solicitation of an offer or invitation to purchase or subscribe for units in Sunlight REIT in Hong Kong or any other jurisdiction.


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Editorial & Advertiser disclosureOur website provides you with information, news, press releases, Opinion and advertorials on various financial products and services. This is not to be considered as financial advice and should be considered only for information purposes. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third party websites, affiliate sales networks, and may link to our advertising partners websites. Though we are tied up with various advertising and affiliate networks, this does not affect our analysis or opinion. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you, or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish sponsored articles or links, you may consider all articles or links hosted on our site as a partner endorsed link.
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