News In Brief

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Welcome to our ‘News In Brief’ column in which we digest all the news releases for you in no more than five paragraphs. Below are snippets of all the media releases that we received from June 27 to July 3. Please check back throughout the week for more updates.

IPSI Delivers A New Experience 

Sydney, June 27: Australian-based IPSI has partnered with Mastercard to provide customers with a smart and secure way to make online payments with the adoption of the payment company’s Click to Pay solution available to merchants from the end of Q3.
With consumer payment behaviour continuing to evolve with the growing e-commerce market, securing and streamlining online transactions has never been more important for businesses operating online.
Mastercard Click to Pay simplifies online transactions, using multiple layers of intelligent security to remove the need for passwords at checkout while replacing sensitive payment data with encrypted tokens.
These tokens can even be updated with new payment details by the customer’s bank when a card is reissued after being reported lost, stolen or expired.
Easily integrated into existing eCommerce platforms, Click to Pay offers organisations higher approval rates with online transactions, reducing fraud and cart abandonment, and increased sales.

UR Opens 100th Training Centre

Singapore, June 27: Universal Robots has reached a new milestone with 100 certified training centres worldwide.
This comes following the opening of a new centre in Täby near Stockholm in Sweden, with other centres spread across 23 countries.
All over the world, from Munich to Michigan, Singapore to Sweden, Universal Robots offers its customers world-class robotics training that helps them maximise the potential of their cobots.
This means that no matter where a business is based, it is always near a certified UR Training Center. Universal Robots has 100 certified training centres globally of which 81 are run by partners and 19 by UR.

Agmo Signs Underwriting Agreement 

From left: Tan Aik Keong, Chief Executive Officer of Agmo Holdings Berhad and Datuk Roslan Hj Tik, Executive Director and Head of Group Investment Banking and Islamic Banking of Kenanga Investment Bank Berhad. Supplied.

Kuala Lumpur, June 28: Kenanga Investment Bank Berhad (“Kenanga”) sealed an Underwriting Agreement with Agmo Holdings Berhad (“Agmo” or the “Company”), a home-grown digital solutions and application development specialist, in conjunction with the Company’s initial public offering (“IPO”) exercise on the ACE Market of Bursa Malaysia Securities Berhad.
Kenanga Investment Bank Berhad has been appointed as Agmo’s Principal Adviser, Underwriter, Sponsor and Placement Agent for the IPO exercise.

Victorian Medicinal Cannabis Facility Receives Licence 

Melbourne, June 30: High-quality medicinal cannabis products will be manufactured under strict requirements at one of Australia’s largest facilities in Mildura, Victoria after Cann Group was granted a Good Manufacturing Practice (GMP) licence by the Therapeutic Goods Administration (TGA).
The GMP licence enables ASX-listed Cann Group to manufacture therapeutic goods and undertake GMP testing at its recently commissioned Mildura facility.
Capsules and dried flowers will be among the products manufactured at the facility, with Cann Group now able to conduct GMP-approved activities at its existing chemistry and microbiology laboratories onsite.
The new licence allows medicinal cannabis products manufactured at Mildura to be made available to patients through the approved access pathways in Australia and (subject to approvals) for export markets.
“GMP licensing is a key regulatory step for our Mildura facility, allowing us to cultivate, extract, manufacture, test, and supply finished medicinal cannabis products entirely in-house.
“With the licence in place, we can now add additional GMP capabilities in response to market demands and increase supply and eventual access for Australian patients seeking access to medicinal cannabis,” Cann’s CEO, Peter Crock said.
Since 2016 medicinal cannabis has been legally prescribed in Australia under the TGA’s Special Access Scheme (SAS) to treat a range of conditions such as chronic pain and side effects from medical treatment such as chemotherapy. 

Velrada Gets Shortlisted 

Perth, June 30: Australian multi-award-winning Microsoft Gold Partner Velrada was named a global finalist in the ‘Dynamics 365 Customer Service & Field Service’ category in the 2022 Global Microsoft Partner of the Year Awards.
The awards recognised Velrada’s outstanding growth and development in the areas of customer service and field service.
The Microsoft Partner of the Year Awards recognizes Microsoft partners that have developed and delivered outstanding Microsoft-based applications, devices and solutions during the past year. 
Awards were classified in various categories, with the winners were chosen from a set of more than 3,900 submitted nominations from more than 126 countries worldwide.
“I am honoured to announce the winners and finalists of the 2022 Microsoft Partner of the Year Awards,” Nick Parker, corporate vice president of Global Partner Solutions at Microsoft said.

MR D.I.Y. PLUS Opens In MidValley

MR D.I.Y. Group during the Grand Opening of MR. D.I.Y. PLUS at Mid Valley Megamall – From left to right:  Mohamad Nurdin (Area Manager Retail Management), Alex Goh (Head Of Marketing), Leo Gan (Vice President Business Development), Adrian Ong (Chief Executive Officer), Eric Lau (Vice President Retail Management), Jannice Tan (Regional Manager Retail Management); and Suraidah Ebdei (Branch Manager Retail Management). Image supplied.

Kuala Lumpur, June 30: KL-ites have been thronging the newly-opened MR D.I.Y. PLUS store at MidValley Megamall store even before its official opening, mesmerized by the sheer scale and size of the store.
MR D.I.Y PLUS is the latest iteration from home improvement retailer MR D.I.Y. Group Berhad.  
The 30,000 sq ft store showcases approximately 20,000  types of products across five major categories – namely hardware, household and furnishing, electrical, stationery, and sports equipment products; and others (comprising toys, car accessories, jewellery, cosmetics, food and beverage items, as well as health & personal care items). 
The grand opening event held today saw customers and guests enjoy a myriad of activities in the two-storey space. 
The opening of MR D.I.Y. PLUS brings the total number of stores within the Group to more than 950. 

Significant Rain Expected For Eastern Australia

Sydney, July 1: The Bureau of Meteorology is forecasting increased showers for eastern parts of New South Wales from today, with current weather modelling pointing to the heaviest rain falls occurring between Port Stephens and Batemans Bay, including Sydney and the Illawarra. 
The Bureau has issued a Severe Weather Warning for heavy rainfall for Sydney metropolitan, Illawarra and Central Tablelands districts. 
Widespread persistent heavy rain is likely to develop along the central New South Wales coast on Saturday and continue next week as a coastal trough develops and then deepens along the coast. 
The timing, amount and location of wind, rainfall and riverine flooding impacts will be driven by the evolution of this weather system, with a degree of uncertainty remaining.
There is a potential for an East Coast Low to form within the trough early on Monday and prolong the rainfall for several days.
There will be further updates to forecasts and warnings over the coming days.

NSW Weather Update

Sydney, July 2: Flood warnings have been issued for parts of New South Wales as consecutive days of heavy rainfall are likely to continue along the central NSW coast over the next few days with six-hourly rainfall totals of 150 mm possible and a heightened risk of riverine and flash flooding as well as landslips.
River levels are expected to rise from today, with the largest riverine flood impacts starting Sunday and continuing through Monday or Tuesday next week.
A Flood Warning has been issued for minor to major flooding along the Hawkesbury, Nepean and Colo rivers over the coming days.
Major flooding is possible at Menangle and North Richmond from Sunday. 
A severe weather warning is current for heavy rainfall south of Sydney’s northern suburbs, to Ulladulla and inland to the Blue Mountains and ranges. 
This area includes the Sydney CBD, Western Sydney, Wollongong, Kiama and Nowra.

More Major Flooding Possible As Rain Intensifies

Sydney, July 3: The Bureau of Meteorology has issued multiple flood warnings for parts of NSW, including major flood warnings for the Hawkesbury, Nepean and Colo rivers. 
River levels in some parts of these catchments have already reached levels recorded earlier this year.
Some are likely to exceed flood levels reached in the three major flood events since March 2021. 
An East Coast Low off the NSW Hunter and Central Coast will intensify winds and maintain heavy rainfall in the Hunter, Central Coast, Sydney, Illawarra and the Blue Mountains on Sunday night and Monday.
The Bureau will continue to monitor the situation closely and update forecasts and warnings. 

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