Daily Archives: July 12, 2018

Dashang Group Launches Digital shopping APP Tiangou Net, Making It Easier to Shop

SHENYANG, China, July 12, 2018 /Xinhua-AsiaNet/ — In late June this year, the China General Chamber of Commerce has released China’s top 100 retailers in 2017. Dashang Group was in top three, just behind Tmall and JD. Being the largest department store group in Northeast China, Dashang Group has launched Tiangou Net, a digital shopping APP that attempts to make shopping easier.

When you go shopping in northern China, you can easily find a parking space through the APP in many cities. If you are not satisfied with the price of the selected clothes, you can upload a fitting photo to the APP to receive occassional price reduction messages in the future. Shop assistants will take pictures or videos of various interesting scenes and products in the store, so that you won’t miss your favorite products. With artificial intelligence, you can also talk to a robot shopping guide in the shopping mall to get all the information you want to know.

Dashang Group has more than 400 department stores and shops in more than 80 large and medium-sized cities over 15 provinces. Its Tiangou Net transforms traditional department stores into  future department stores. From 2014 to 2017, Tiangou Net had achieved 30 billion yuan in transactions with more than 10 million users, making Tiangou Net one of China’s top e-commerce enterprises.

In the first half of 2018, Tiangou Net continued to enjoy rapid growth, realizing electronic member transactions of 20 billion yuan. Among the transactions, 2.5 billion yuan was paid via Tiangou Net.

Unlike Tmall and JD, Tiangou Net is committed to promoting in-depth integration of the traditional grocery industry and the Internet. Tiangou Net’s mission is to help tens of thousands of department stores in China become future department stores, which has been recognized and praised by the Ministry of Commerce of the People’s Republic of China (MOFCOM).

Liu Sijun, president of Dashang Group, says that Dashang Group and Tiangou Net will transform traditional business and accelerate entity business revolution through comprehensively building a digital and intelligent e-commerce platform and promoting the technological innovation of big data flow ecosystem.

Founded in 1995, Dashang Group has always believed in “our products must be the best”. The faith also drives Dashang Group to look for the best-quality products around the world and try to bring them into China’s huge market and provide them to hundreds of millions of Chinese consumers. Dashang Group has already brought Australian Wagyu, Black Augus, cherries and apples from Tasmania, French wine from Chateau Largo and German beer into China.

Niu Gang, Chairman of the Board, says that Dashang Group hopes to bring more high-quality goods in the future and provide more considerate, comfortable and convenient services to Chinese consumers.

Source: Dashang Group

 

PhosAgro and Growthpoint Properties Among Big Winners on Institutional Investor’s Inaugural Emerging EMEA Executive Team Ranking

NEW YORK, July 12, 2018 (GLOBE NEWSWIRE) — PhosAgro and Growthpoint Properties are among several notable firms that took home leading positions across their respective sectors in Institutional Investor’s inaugural ranking of the region’s best chief executives, top CFOs, investor relations professionals, and investor relations companies.

More than 500 buy-side analysts, asset managers, and sell-side researchers at nearly 300 firms, managing an estimated $272 billion in equities in Emerging EMEA named the best chief executives, top CFOs, investor relations professionals, and investor relations companies across 12 business sectors.

Buy-side analysts, money managers and sell-side researchers at securities firms and financial institutions that cover the region identified up to four companies that excel in up to ten investor relations attributes including:

  • Senior executives are accessible
  • IR team is well informed and empowered to speak authoritatively on the company’s behalf
  • Timely and appropriate level of financial disclosure
  • Responds quickly and thoroughly to requests
  • Most constructive conference calls
  • Highest quality of meetings through road shows/reversed road shows/conferences
  • Highest quality of corporate documents and investor kit materials
  • Best commitment to corporate governance
  • Delivers insight and useful reports on ESG/SRI metrics
  • Best website

“Investing in Emerging EMEA is not for the fainthearted, with economic and geopolitical uncertainties amongst some of the many challenges,” said Amani Korayeim, Director Sales and Product Development All-EMEA. “But in Institutional Investor’s inaugural survey of the global investment community, a strong phalanx of companies and leaders emerge who are excelling at cutting through the challenges, and sharing their companies’ vision and strategy with investors.” She adds, “Perhaps most encouraging, is the array of sectors and countries represented, from Russia to Egypt, Oil and Gas to Constructions & Real Estate all featuring strongly, suggesting that it really is the excellence of the teams in place to navigate through the uncertainty and engage investors. And lastly, in the absence of an objective quality measure of IR but an increasingly institutionalized IR function in the region, the Emerging EMEA Executive Team Survey results of Institutional Investor, will provide an independent vehicle to inform and benchmark companies’ IR strategy and continue to help optimize their outreach.”

Top Performing Companies and their Sectors Include:

PhosAgro (Russia) Chemicals
Growthpoint Properties (South Africa) Construction & Real Estate
Lenta (Russia) Consumer
Sberbank of Russia (Russia) Financials
NMC Health (United Arab Emirates) Health Care & Pharmaceuticals
El Sewedy Electric Co. (Egypt) Industrials
Severstal (Russia) Metals & Mining
Novatek (Russia) Oil & Gas
Mondi (South Africa) Paper & Forestry
Yandex (Russia) Technology, Media & Telecommunications
Aeroflot (Russia) Transportation
CEZ (Czech Republic) Utilities

Top Performing CEOs and their Sectors Include:

Christopher Griffith Anglo American Platinum (South Africa)
Mohamed Shameel Aziz-Joosub Vodacom Group (South Africa)
Mustafa Sani Şener TAV Havalimanlari Holding (Turkey)
Carlo Palasciano Villamagna Enel Russia (Russia)

Top Performing CFOs and their Sectors Include:

Paul Victor Sasol (South Africa)
Khaled Hassan Cleopatra Hospital Co. (Egypt)
Mustafa Gorkem Elverici Turkiye Sise ve Cam Fabrikalari (Turkey)
Mikhail Stiskin Polyus (Russia)
Alexey Kornya Mobile TeleSystems (Russia)

For the full list of published winners, please visit www.institutionalinvestor.com.

A total of 473 companies were nominated in this year’s Emerging EMEA Executive Team rankings. Of those companies, 36 scored high enough to earn the distinction of Most Honored Company in the full sector rankings and 64 earned the Honored Company distinction.

For more information, please contact Amani Korayeim at amani.korayeim@institutionalinvestor.com  or + 44 207 779 8535.

To share your success in your website content, advertisements, communications, and marketing collateral, please contact PARS International Corp. online at www.ii-licensing.com

About Institutional Investor
For 51 years Institutional Investor has consistently distinguished itself among the world’s foremost media companies with groundbreaking journalism and incisive writing that provides essential intelligence for a global audience. In addition, Institutional Investor offers a host of proprietary research and rankings that serve as respected industry benchmarks. For more information visit institutionalinvestor.com.

PhosAgro and Growthpoint Properties Among Big Winners on Institutional Investor’s Inaugural Emerging EMEA Executive Team Ranking

NEW YORK, July 12, 2018 (GLOBE NEWSWIRE) — PhosAgro and Growthpoint Properties are among several notable firms that took home leading positions across their respective sectors in Institutional Investor’s inaugural ranking of the region’s best chief executives, top CFOs, investor relations professionals, and investor relations companies.

More than 500 buy-side analysts, asset managers, and sell-side researchers at nearly 300 firms, managing an estimated $272 billion in equities in Emerging EMEA named the best chief executives, top CFOs, investor relations professionals, and investor relations companies across 12 business sectors.

Buy-side analysts, money managers and sell-side researchers at securities firms and financial institutions that cover the region identified up to four companies that excel in up to ten investor relations attributes including:

  • Senior executives are accessible
  • IR team is well informed and empowered to speak authoritatively on the company’s behalf
  • Timely and appropriate level of financial disclosure
  • Responds quickly and thoroughly to requests
  • Most constructive conference calls
  • Highest quality of meetings through road shows/reversed road shows/conferences
  • Highest quality of corporate documents and investor kit materials
  • Best commitment to corporate governance
  • Delivers insight and useful reports on ESG/SRI metrics
  • Best website

“Investing in Emerging EMEA is not for the fainthearted, with economic and geopolitical uncertainties amongst some of the many challenges,” said Amani Korayeim, Director Sales and Product Development All-EMEA. “But in Institutional Investor’s inaugural survey of the global investment community, a strong phalanx of companies and leaders emerge who are excelling at cutting through the challenges, and sharing their companies’ vision and strategy with investors.” She adds, “Perhaps most encouraging, is the array of sectors and countries represented, from Russia to Egypt, Oil and Gas to Constructions & Real Estate all featuring strongly, suggesting that it really is the excellence of the teams in place to navigate through the uncertainty and engage investors. And lastly, in the absence of an objective quality measure of IR but an increasingly institutionalized IR function in the region, the Emerging EMEA Executive Team Survey results of Institutional Investor, will provide an independent vehicle to inform and benchmark companies’ IR strategy and continue to help optimize their outreach.”

Top Performing Companies and their Sectors Include:

PhosAgro (Russia) Chemicals
Growthpoint Properties (South Africa) Construction & Real Estate
Lenta (Russia) Consumer
Sberbank of Russia (Russia) Financials
NMC Health (United Arab Emirates) Health Care & Pharmaceuticals
El Sewedy Electric Co. (Egypt) Industrials
Severstal (Russia) Metals & Mining
Novatek (Russia) Oil & Gas
Mondi (South Africa) Paper & Forestry
Yandex (Russia) Technology, Media & Telecommunications
Aeroflot (Russia) Transportation
CEZ (Czech Republic) Utilities

Top Performing CEOs and their Sectors Include:

Christopher Griffith Anglo American Platinum (South Africa)
Mohamed Shameel Aziz-Joosub Vodacom Group (South Africa)
Mustafa Sani Şener TAV Havalimanlari Holding (Turkey)
Carlo Palasciano Villamagna Enel Russia (Russia)

Top Performing CFOs and their Sectors Include:

Paul Victor Sasol (South Africa)
Khaled Hassan Cleopatra Hospital Co. (Egypt)
Mustafa Gorkem Elverici Turkiye Sise ve Cam Fabrikalari (Turkey)
Mikhail Stiskin Polyus (Russia)
Alexey Kornya Mobile TeleSystems (Russia)

For the full list of published winners, please visit www.institutionalinvestor.com.

A total of 473 companies were nominated in this year’s Emerging EMEA Executive Team rankings. Of those companies, 36 scored high enough to earn the distinction of Most Honored Company in the full sector rankings and 64 earned the Honored Company distinction.

For more information, please contact Amani Korayeim at amani.korayeim@institutionalinvestor.com  or + 44 207 779 8535.

To share your success in your website content, advertisements, communications, and marketing collateral, please contact PARS International Corp. online at www.ii-licensing.com

About Institutional Investor
For 51 years Institutional Investor has consistently distinguished itself among the world’s foremost media companies with groundbreaking journalism and incisive writing that provides essential intelligence for a global audience. In addition, Institutional Investor offers a host of proprietary research and rankings that serve as respected industry benchmarks. For more information visit institutionalinvestor.com.

Increase in Rate of House Rent Allowance

Karachi, July 12, 2018 (PPI-OT): The Government of Sindh has allowed the increase in the House Rent Allowance by 50% of the existing amounts of House Rent Allowance admissible to the employees of Sindh Government with effect from 1st July 2018 as for Big Cities of Sindh under jurisdiction of metropolitan/ municipal corporations from existing 45% of the minimum of Basic Pay Scale 2008 to 50% of the existing amounts being drawn, while for other cities from existing 30% of the minimum of Basic Pay Scale 2008 to 50% of the existing amounts being drawn.

For more information, contact:
Information and Archives Department
Directorate of Press Information
Government of Sindh
95-Sindh Secretariat 4-B, Karachi, Pakistan
Tel: +92-21-99204423, +92-21-99204401
Email: pressinformationzubair@gmail.com
Website: http://sindhinformation.gos.pk

Chief Justice Saqib Nisar’s sensitivity to growing water crisis appreciated

Karachi, July 12, 2018 (PPI-OT): The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Thursday said future of the business community is linked to Pakistan. We can remain in business if the country remains intact therefore the businessmen should be united to discharge their national obligations, it said. The business community should fully cooperate to construct two dams as directed by the Supreme Court, said Karim Aziz Malik, Vice President FPCCI.

Speaking to the business community, he said that completion of dams will take time, therefore, reservoirs should also be constructed across the country which is an economic option and the business community will fully cooperate in it. The government should also invite local and foreign investors to build reservoirs on BOT basis to save water worth tens of billions of dollars wasted annually.

Reservoirs are not only meant for power production but these can be used for the provision of water to masses, agricultural sector, and flood protection, he added. Karim Aziz Malik said that many former governments have neglected the issue of water scarcity and avoided construction of dams but now the efforts of the Supreme Court is serious about it which is a very positive sign.

Pakistan is among the countries facing water scarcity as it has constructed two mega dams and some small dams since independence while other countries completed over forty thousand dams during this period. Avoiding dams resulted in over-dependence on fossil fuels increased the cost of electricity which impaired production and exports, he observed. There are thirty-three countries in the world that get over fifty percent of their water from neighbouring countries but Pakistan is the only one which gets water through enemy nations which is a great national security threat, said Malik.

For more information, contact:
Secretary General
Federation of Pakistan Chambers of Commerce and Industry (FPCCI)
B-1, Federation House, Main Clifton Road,
Shahra-e-Firdousi, Karachi-75600, Pakistan
Tel: +92-21-35873691, 93-94
Fax: +92-21-35874332
Email: info@fpcci.com.pk
URL: www.fpcci.com.pk

Grant of increase in pension to Civil Pensioners of the Government of Sindh

Karachi, July 12, 2018 (PPI-OT): The Government of Sindh has sanctioned an increase @ 10% of net pension with effect from 1st July 2018 until further orders to all civil pensioners of the Sindh Government.

For more information, contact:
Information and Archives Department
Directorate of Press Information
Government of Sindh
95-Sindh Secretariat 4-B, Karachi, Pakistan
Tel: +92-21-99204423, +92-21-99204401
Email: pressinformationzubair@gmail.com
Website: http://sindhinformation.gos.pk