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Malaysian Reserve
36 minutes ago
- Business
- Malaysian Reserve
LPS and QAX Announce Strategic Partnership for Cybersecurity, Unveiling Security Operation Centre and End-to-End Security Services
The duo's first joint Security Operation Centre (SOC) in Hong Kong addresses the urgent need for advanced cybersecurity defenses amidst surging cyber threats. The new SOC harnesses LPS' decades of managed services leadership and QAX's stellar cybersecurity track record to fortify enterprises with cyber threat protection. HONG KONG, June 20, 2025 /PRNewswire/ — Lenovo PCCW Solutions (LPS) announces the launch of the first Security Operation Centre (SOC) in collaboration with leading Chinese cybersecurity firm, Qi An Xin Technology Group (QAX), aiming to address a critical market need for end-to-end managed security operation services to combat increasingly complex cyber threats. Powered by QAX's advanced threat detection and prevention technologies, as well as its global threat intelligence capabilities, alongside LPS' industry leading managed services, the SOC is located in Hong Kong and offers 24/7 security operation services. The SOC will empower enterprises to embrace AI technologies while ensuring compliance and fortified protection. The Asia-Pacific region is a major hotspot for cyberattacks due to the rapid proliferation of digital technology, with the largest recorded data breach to date costing up to USD 20 million[1]. Hong Kong experienced a similarly alarming trend in 2025, as the Hong Kong Computer Emergency Response Team Coordination Centre (HKCERT) reported a 67%[2] year-on-year increase in cybersecurity incidents during the first quarter alone. The city's regulatory framework has been growing in response, with standards like the Protection on Critical Infrastructures (Computer Systems) Bill, the Insurance Authority's revised Guideline on Cybersecurity (GL20), and the updated Government IT Security Guideline (G3) requiring organizations to strengthen cybersecurity defences, enhance employee awareness, and align with compliance frameworks to mitigate risks. The strategic partnership integrates advanced AI-powered threat detection with human expertise to deliver comprehensive cybersecurity protection for enterprises. Key features include offensive and defensive security services, along with a security dashboard that visually presents vulnerabilities, attacker behavior, and overall risk levels – enabling enterprises to better understand and manage their security risk. LPS' expertise in Hong Kong's IT ecosystem and unique cross-industry knowledge will be an invaluable asset for enterprises faced with the unique challenges of the dynamic cybersecurity landscape. 'With the accelerating pace of digital transformation and the rise of cyber threats, the demand for secure and resilient digital ecosystems is greater than ever before. Our SOC will address the critical need for advanced cybersecurity solutions.' said Dr. Ted Suen, President of LPS, further elaborating that, 'LPS is committed to collaborating with cybersecurity leaders like QAX to integrate advanced emerging technologies, actionable threat intelligence, and extensive industry expertise into our security offerings, empowering enterprises to navigate the digital age with safety and confidence.' Meanwhile, QAX boasts a proven track record of defending against high-profile cyberattacks – including at the 2022 Beijing Winter Olympics where they successfully achieved zero incidents. QAX's cybersecurity specialists also possess comprehensive capabilities for mitigating security risks in large language models (LLM), providing enterprises with enhanced protection through their proprietary LLM security solution. Qi Xiangdong, Chairman of QAX Group, said: 'Our partnership with LPS to launch the first SOC in Hong Kong reflects our shared dedication to protect clients' valuable assets and data. QAX will work together with partners, leveraging proprietary technologies and years of accumulated expertise in safeguarding national projects to advance the implementation of cybersecurity technologies, enhance localized operations and service capabilities, and provide enterprises with robust tools to navigate an increasingly complex and dynamic threat landscape.' The establishment of the SOC heralds a new era for cybersecurity in Hong Kong, offering a comprehensive, 24/7 shield against cyber threats. LPS will continue to enhance its security services as a trusted digital advisor and look to build on this milestone partnership with QAX to drive secure growth and digital transformation for clients across the Asia Pacific region. About Lenovo PCCW Solutions (LPS) LPS is a leading IT and technology solutions provider in the Asia Pacific region. We partner with governments and enterprises to achieve digital transformation excellence, driving business growth through our market-leading solutions and industry best practices. As a proud member of Lenovo Group, we have unlocked new synergies with Lenovo's global reach and technological capabilities, focusing on AI, data practice, cloud and cybersecurity. With our 4,000+ team of domain experts and a strong network of ecosystem partners, LPS is committed to providing cutting-edge AI-powered solutions and data best practices to enable organizations to excel in their digital journey. About QAX Technology Group QAX is the largest cybersecurity company based in China, and a leader in cybersecurity industry, providing new generation enterprise – level and national – level cybersecurity solutions. Years of R&D and innovation accumulated from cyber offense and defence practice, QAX has reinforced the strength in big data, AI, machine learning and security operation. As the official cybersecurity services and anti – virus software sponsor of the Olympic and Paralympic Winter Games Beijing 2022, QAX successfully secured the Olympic – Games with zero – cyber incident. [1] Source: 2024 Global Digital Trust Insights, PwC [2] Source: Hong Kong Security Watch Report (Q1 2025), HKCERT
Malaysian Reserve
37 minutes ago
- Business
- Malaysian Reserve
Knest Onboards Lighthouse Funds as a Strategic Partner, Secures a landmark ₹300 Crore Backing
PUNE, India, June 20, 2025 /PRNewswire/ — In a move that underscores the rising global confidence in India's construction technology sector, Knest Manufacturers Pvt. Ltd., one of the world's leading construction technology companies, has raised ₹300 crore from Lighthouse Funds. The strategic infusion marks a significant milestone in Knest's journey to redefine how India and the world build. With the investment, Knest plans to double down on its R&D efforts, expand production capabilities and accelerate vertical integration. Knest has been bringing both Make In India and Made In India to the forefront; this investment is set to further that. Nitin Mittal, Chairman & Managing Director, Knest, remarked, 'We are building far more than formwork—we are building the future of Indian construction of high-rises, sprawling skylines & sustainable urban ecosystems. In Lighthouse, we gain not just capital but a like-minded partner who shares our vision for innovation, operational excellence, and sustainability. It's an honour to lead the sector, a responsibility we embrace with humility and unwavering commitment.' Knest's flagship aluminium formwork systems are custom-designed to enable faster, more cost-optimised construction cycles—up to 3x quicker than traditional methods—while improving finish quality, reducing labour intensity and lowering environmental impact. Complementing this is Knest's patented hydraulic safety screen, a cutting-edge vertical safety solution that is gaining rapid traction among high-rise developers. Looking ahead, the company plans to diversify into adjacent formwork and construction technologies, all while staying rooted in sustainable practices. Sachin Bhartiya, Co-founder and Partner at Lighthouse Funds, said: 'Knest exemplifies the kind of future-forward, mission-led company we love to back. They're fundamentally transforming how buildings go up. With a sharp focus on sustainability, safety, and speed, Knest is poised to lead the next wave of construction innovation in India.' The Systematix Group acted as the exclusive advisor on this transaction. About Knest Founded in 2015, Knest has steadily emerged as the flagbearer of next-generation building systems, including aluminium formwork technology and hydraulic safety screens. With patented technologies, an expanding international footprint of 8+ countries, and an unrelenting focus on quality, the company is transforming the landscape of high-rise development. Headquartered in Pune, the company operates three state-of-the-art manufacturing facilities across Maharashtra and Gujarat. This production infra has an expanse of 10,00,000+ Sq. Ft. and an annual capacity of 2,00,000+ Sq. Mt. aluminium formwork, and an expanding line of construction safety solutions. Logo –
Korea Herald
38 minutes ago
- Health
- Korea Herald
New Global Aesthetics Report: A Shift Towards Facial Surgery Globally as Eyelid Ranks Top Procedure
Aesthetic Procedures Close to 38 Million in 2024. MOUNT ROYAL, N.J., June 20, 2025 /PRNewswire/ -- The International Society of Aesthetic Plastic Surgery (ISAPS) released the results of its annual Global Survey on Aesthetic/Cosmetic Procedures at the ISAPS Olympiad World Congress in Singapore, showing more than 17.4 million procedures performed by plastic surgeons and 20.5 non-surgical procedures. Over the last four years, the overall increase is 42.5%. Eyelid surgery, for the first time, was the most common surgical procedure in 2024, replacing liposuction, with 2.1 million, followed by liposuction, breast augmentation, scar revision, and rhinoplasty. The most popular non-surgical procedures were botulinum toxin, hyaluronic acid (filler), hair removal, non-surgical skin tightening, and chemical peels. Most face and head procedures showed growth from the previous year, with more than 7.4 million procedures and a 4.3% increase. Top procedures were eyelid surgery with more than 2.1 million and a 13.4% increase, rhinoplasty with 1 million procedures and a 10% decrease, and fat grafting – face 0.9 million and a 19.2% increase. There were 3.9 million breast procedures (-14.1%) and 6 million body and extremities procedures (-14.8%). Liposuction was still the most common surgical procedure for women, followed by eyelid surgery and breast augmentation. Eyelid surgery was again the most popular surgical procedure among men, followed by gynecomastia and scar revision. Most breast augmentations (54% of the total), rhinoplasties (60.1%), and external genital surgery (48.4%) took place on 18–34-year-olds, whereas botulinum toxin injectables were most popular among those aged 35–50 (47.0% of the total). Liposuction and non-surgical fat reduction were distributed quite evenly among both age groups. Botulinum toxin remained the most common non-surgical procedure for both men and women and among all age groups, with 7.8 million procedures performed by plastic surgeons worldwide. In second place, hyaluronic acid procedures increased by 5.2% to 7.8 million. Commenting on the global results, Dr. Amin Kalaaji, Chair of the ISAPS Global Survey Committee and plastic surgeon in Norway, said, "Our report now includes data on 'Mommy Makeover' and other combined procedures, scar revision, hand rejuvenation with fat grafting, buccal fat removal, inverted nipple correction, dimple creation, and other outer genital surgery." Once again, the US performed the most procedures with over 6.1 million, followed by Brazil with 3.1 million (which is first in surgical procedures), and Japan.
Business Standard
an hour ago
- Business
- Business Standard
SBI Life crowdsources future-facing AI solutions from India's Next-Gen Talent pool at the 2025 Hack-AI-Thon finale
PRNewswire Mumbai (Maharashtra) [India], June 20: SBI Life Insurance, one of India's most trusted private life insurers, marked the finale of its national innovation initiative -- Hack-AI-Thon2025 -- a strategic platform to crowdsource artificial intelligence-driven solutions to real-business challenges faced by the insurance sector. The event culminated weeks of dynamic ideation and collaboration, with 16+ top teams (50+ participants) presenting AI-led innovations, focused on enhancing customer experience, operational efficiency, and digital service delivery. * The initiative underscored SBI Life's focus on innovation, young talent, and building future-ready insurance solutions The event was designed to tap into next-gen talent, foster a culture of co-creation, and accelerate digital transformation. The participants, including developers and AI enthusiasts, represented top institutes across Chennai, Bangalore, Hyderabad, Indore, Bhopal, and Delhi to compete on challenges ranging from predictive analytics and process automation to fraud detection and customer engagement. After rigorous jury round and evaluation, theInnovation Brigade team comprising of Ms. Asha Vidyadharan & Mr. Rameez Khan from Bhopal emerged as the winner of Hack-AI-Thon 2025, impressing the panel with their innovative solution at the Hack-AI-Thon 2025 Grand Finale. Similarly, Black Bird from Indore was chosen the 1st runner-up and from Trichy as well as Semantics from Pune were announced the 2ndrunners-up. Each of the winning solutions stood out for their innovative thinking, technical viability, and potential to address real-world challenges in the life insurance sector. Speaking on the grand finale of SBI Life's Hack-AI-Thon 2025, Mr. Ravindra Sharma, Chief of Brand, Corporate Communication and CSR, SBI Life Insurance, said, "The Hack-AI-Thon was conceptualised to engage the next generation of problem solvers in shaping the future of insurance. It is encouraging to see how young minds approach complex industry challenges with such clarity and purpose. At SBI Life, we believe that innovation must serve a meaningful purpose, and this initiative reflects our ongoing commitment to fostering technology-led thinking that is human-centric and impactful." He further added, "We have always believed that the true role of insurance goes beyond financial protection--it is about enabling individuals to move forward with confidence, to dream, to build, and to live fully. Hack-AI-Thon is an extension of this belief, as it invites young minds to co-create solutions that make protection more accessible, intuitive, and aligned with people's evolving needs and life goals. It is this blend of innovation and intent that we believe will help shape a more inclusive and empowering future not only for the insurance sector but the nation as a whole." After winning the Hack-AI-Thon 2025, the Innovation Brigade team said, "Participating in SBI Life's Hack-AI-Thon 2025 was a truly enriching experience, with outstanding coordination and expert mentorship at every step. Despite the tough pan-India competition, we are proud to share that we emerged as winners of the event." The Grand Finale jury comprised seasoned experts from technology & insurance, who evaluated teams on innovation, feasibility, scalability, and impact. Select ideas from the Hack-AI-Thon will be explored further for piloting or integration within the company's digital roadmap. With this initiative, SBI Life Insurance reinforces its commitment to fostering a culture of innovation, collaboration, and customer-first thinking through digital transformation. About SBI Life Insurance SBI Life Insurance ('SBI Life' / 'The Company'), one of the most trusted life insurance companies in India, was incorporated in October 2000 and is registered with the Insurance Regulatory and Development Authority of India (IRDAI) in March 2001. Serving millions of families across India, SBI Life's diverse range of products caters to individuals as well as group customers through Protection, Pension, Savings and Health solutions. Driven by a 'Customer-First' approach, SBI Life places great emphasis on maintaining world class operating efficiency and providing a hassle-free claim settlement experience to its customers by following high ethical standards of service. Additionally, SBI Life is committed to enhance digital experiences for its customers, distributors and employees alike. SBI Life strives to make insurance accessible to all, with its extensive presence across the country through its 1,110 offices, 26,355 employees, a large and productive network of about 240,304 agents, 60 corporate agents and 13 bancassurance partners with more than 41,000 partner branches, 141 brokers and other insurance marketing firms. In addition to doing what's right for the customers, the company is also committed to provide a healthy and flexible work environment for its employees to excel personally and professionally. SBI Life strongly encourages a culture of giving back to the society and has made substantial contributions in the areas of child education, healthcare, disaster relief and environmental upgrade. In 2024-25, the Company touched over 50,000 direct beneficiaries through various CSR interventions. Listed on the Bombay Stock Exchange ('BSE') and the National Stock Exchange ('NSE'), the company has an authorized capital of Rs. 20.0 billion and a paid-up capital of Rs. 10.0 billion. The AuM is Rs.4,480.4 billion. For more information, please visit our website, and connect with us on Facebook, Twitter, YouTube, Instagram, and LinkedIn. (Numbers & data mentioned above are for the year ended March 31, 2025)
Malaysian Reserve
an hour ago
- Business
- Malaysian Reserve
BC Tech Pioneers Quality Upgrade in PV Industry
SHANGHAI, June 20, 2025 /PRNewswire/ — During the recent 2025 SNEC exhibition in Shanghai, LONGi, a global leader in PV technology innovation, signed a strategic cooperation agreement with TÜV Rheinland, an international independent third-party testing, inspection, and certification organization. This partnership aims to foster high-quality collaboration in the solar photovoltaic sector and create greater value for PV markets. After the signing ceremony, Mr. Dennis She, Vice President of LONGi, and Dr. Gao Qi, Chief Technical Expert for Solar Services at TÜV Rheinland, participated in an exclusive media interview. Technological Evolution: BC Drives High-Quality Transformation of Global Energy Structure With continuous advancements in solar technology and significantly reduced levelized cost of electricity (LCOE), the PV market has entered a phase of rapid expansion, now stepping into the 'terawatt era.' Against this backdrop, establishing robust quality standards has become increasingly urgent and critical. Mr. Dennis She emphasized that product reliability remains the 'lifeline' of the PV industry. As a global leader in the PV industry, LONGi has consistently focused on technological innovation. After over seven years of refinement, LONGi's HPBC2.0 technology is reshaping end-customer value through higher efficiency and superior full-lifecycle reliability. BC technology and products will spearhead industry-wide quality standard upgrades. Dr. Gao Qi stated that TÜV Rheinland and LONGi share aligned goals and missions in the PV sector. This strategic collaboration will further advance quality standards, redefine industry benchmarks, and support efficient, healthy, and sustainable development in end markets. Multi-Layered Assurance: LONGi Hi-MO 9 Modules Demonstrate Lifecycle Value Advantages 'Robust reliability' defines LONGi's brand DNA. To safeguard end-customer interests, LONGi employs stringent manufacturing processes exceeding industry standards to deliver BC modules of exceptional reliability. According to Mr. Dennis She, the Hi-MO 9 module (HPBC 2.0) integrates LONGi's self-developed TaiRay Wafer and innovatively applies 'nanoscale full-area passivation technology' to enhance conversion efficiency. Combined with 'zero busbar' (0BB) technology, it delivers higher lifetime power generation value for power plants. In manufacturing, LONGi's 'Lighthouse' Smart Factory production and 'LONGi Product Lifecycle Standard' ensure premium quality and reliability through strict material sourcing control and process quality management. To guarantee resilience under extreme weather, LONGi partnered with third-party institutions to subject Hi-MO 9 modules to intensified tests—including hail impact, wind tunnel, and fire resistance—all successfully passed, demonstrating outstanding stability and reliability. Dr. Gao Qi added, 'At last year's TÜV Rheinland ' All Quality Matters,' Hi-MO 9 won both the 'Power Generation Simulation' and 'Module Reliability' awards. We are confident LONGi's BC products will unlock even greater commercial value for power plants.' Since early this year, a growing number of PV manufacturers have begun adopting BC technology, signaling its rapid ascent. Higher-quality BC products will establish new industry benchmarks and deliver enhanced lifecycle value to global markets and customers. Logo – View original content:
