Daily Archives: February 6, 2018

Hisense was identified in “BrandZ Top 10 Chinese Global Brand Builders”

BEIJING, Feb. 6, 2018 /PRNewswire/ — BrandZ Top 50 Chinese Global Brand Builders report was released today by WPP, in collaboration with Google. The report identifies and ranks 50 Chinese brands across nine categories based on their strength outside of China, and provides insights and recommendations for global brand building. Hisense ranked number 9th and won the “fastest growing electronics and home appliance brand” title. The report takes an in-depth look at the Chinese brands that are making an impact with consumers in international markets and provides a rich seam of thought-provoking insights on how Chinese companies can successfully build their brands on a global scale. This is the second time that WPP has collaborated with Google to launch the Brand Ranking, a survey that combines data from 7 countries and more than 395,000 consumers. BrandZ™ is the world’s largest brand equity database, covering 53 countries, 120,000 brands and is the most authoritative brand valuation methodology worldwide.

Being one of “BrandZ Top 10 Chinese Global Brand Builders” is a result of Hisense’s brand power and its global strategy. Up to now, Hisense owns 18 overseas companies in Europe, America, Africa, the Middle East, Australia and Southeast Asia. It has 3 overseas production bases to ensure its own supply chain and has 12 R&D institutions worldwide. In the “China National Image Global Survey” released by China International Publishing Group, Hisense was one of the “Top Ten most familiar Chinese brands to overseas citizens” for two consecutive years. The growth is in part due to the rapid pace at which China’s electronics and home appliance business are pursuing global expansion, also a result of Hisense’s stickiness to build its own brand awareness and persistence in global market.

Hisense Group’s total sales revenue increased 10.7% in 2017 and overseas revenue increased 21.3%. The brand sales revenue of Hisense International increased 19.6% compared to last year. In the meantime, based on the customs statistics, Hisense’s export sales of air conditioners and TVs increased by 28.3% and 34.4% separately. With the absence of significant changes in international demand, Hisense still maintained a rapid growth, which is a result of the brand effect.

The Belt and Road Initiative has been more than 3 years. Hisense’s high-end products have played a key role in the overseas development of Hisense. The self-developed ULED technology, overseas operation system, excellent product performance and outstanding local supply chain have guaranteed Hisense to give effective and timely feedback to the market. 2018 FIFA World Cup™ is approaching. Hisense will move forward to not only build global brand but to build an innovative global brand with higher value, to drive the growth and global strategy with sports marketing. Hisense is at the forefront of electronics and home appliance industry, and its pursuit of new technology will fuel business growth and power its global brand awareness at an incredible pace.

YPO to Host World’s Top Business Leaders and Innovators at 2018 YPO EDGE in Singapore

DALLAS, Feb. 05, 2018 (GLOBE NEWSWIRE) — For two days this March, YPO, the global leadership organization for chief executives, will host 2,000 business leaders and innovators from more than 130 countries at the YPO EDGE in Singapore.

Each year, YPO EDGE, the largest gathering of CEOs from around the world, brings together thought leaders, creators and visionaries who are providing new perspectives insights, ideas, technologies and innovations.

The guiding theme of the 2018 EDGE in Singapore is Defy Convention, and the agenda is designed to spark idea exchange and redefine the rules in the entrepreneurial spirit of innovation. The EDGE will explore advances in technology, medicine, health, transportation, machine learning, cybersecurity and more, featuring speakers and resources in business, entertainment, technology, health, philanthropy, science and more.

“Singapore is an ideal host city for the YPO EDGE, as the global gateway to the worlds of business, technology and culture,” said Scott Mordell, CEO of YPO. “YPO is thrilled to host its landmark annual event in Singapore, creating opportunities for business leaders to become better leaders and make a significant impact.”

More than 40 internationally renowned speakers will be sharing their inspirational stories and transformational innovations including:

  • Lee Hsien Loong, Prime Minister of Singapore
  • HM Queen Rania Al Abdullah, Queen Consort Hashemite Kingdom of Jordan
  • Billie Jean King, American former World No. 1 professional tennis player
  • Orit Gadiesh, Chairman, Bain and Company
  • Yossi Ghinsberg, Adventurer, Author, Entrepreneur and Humanitarian
  • Amin Toufani, Faculty at Singularity University and CEO of T Labs

Speakers at previous YPO EDGE events include Canadian Prime Minister Justin Trudeau; Sir Richard Branson, founder and chairman of the Virgin Group; Muhtar Kent, chairman and CEO of the Coca-Cola Company; Aung San Suu Kyi, Nobel Peace Prize laureate and general secretary of the National League for Democracy; and Archbishop Desmond Mpilo Tutu, Nobel Peace Prize laureate.

“At the 2018 YPO EDGE in Singapore, YPO business leaders will defy convention and leave with new perspectives, ideas and insights that will empower them to positively impact their businesses, their communities and their lives,” said YPO EDGE Chair N.K, Tong.

About YPO
The premier leadership organization of chief executives in the world.

YPO is the global platform for chief executives to engage, learn and grow. YPO members harness the knowledge, influence and trust of the world’s most influential and innovative business leaders to inspire business, personal, family and community impact.

Today, YPO empowers more than 25,000 members in more than 130 countries, diversified among industries and types of businesses. Altogether, YPO member-run companies employ more than 16 million people and generate USD6 trillion in annual revenues.

Leadership. Learning. Lifelong. For more information, visit YPO.org. ‪

Contact:
YPO
Linda Fisk
Office: +1 972 629 7305 (United States)
Mobile: +1 972 207 4298
press@ypo.org

ESKOM LOOKING AT DEBT-TO-EQUITY SOLUTION TO ITS FUNDING PROBLEMS

JOHANNESBURG– South African power utility Eskom is looking to convert debt into equity for its lenders as a solution for its liquidity challenges.

Eskom is struggling to recapitalise its business as its debt burden continues to worsen and the government, currently the sole shareholder, has asserted that it is not in a position to bail out the utility and that therefore the new leadership at Eskom will have to find creative ways of reducing debt and building equity in the company. Eskom’s debt currently stands at 397 billion Rand (about 32.74 billion US dollars).

Energy analyst and Managing Director at EE Publishers Chris Yellend says the debt-to equity swap is a viable solution but is totally dependent on the shareholders and lenders’ risk appetite.

The existing shareholder, which is Government, will need to be happy to take on additional shareholders. So in the first instant it’s a shareholder decision, but then secondly of course, you have to find lenders, people who hold Eskom debt, who are prepared to swap this for equity, as they will only do so if the terms of the arrangement, in other words the return on debt, is better than holding equity.

Yellend said here Monday that while the debt-to-equity solution is possible and has been used in other industry areas, its success could not be guaranteed. Such was the case for the Industrial Development Corporation, which also happens to be one of Eskom’s lenders.

In the past, the IDC has indeed swapped debt for equity and one such example is the case of Shiva Uranium, a Gupta company, which owed the IDC a lot of money, and there was a debt for equity swap and the IDC was left with equity. It was a very bad deal for the IDC because the share value of the Shiva Uranium and Oakbay dropped to the floor.

While Eskom has also mentioned selling some of its non-core assets to recapitalise the company, Yellend said the utility had a number of options at its disposal to build its cash reserves. “Other options to recapitalize the business include listing on the stock exchange so that pension fund investors and in fact the general public can become shareholders,” he added.

“Another option is to find strategic equity partners that are not necessarily listed on the stock exchange but that are typically large energy companies that would like to invest in the business.”

Source: NAM NEWS NETWORK

HIGH NUMBER OF SOUTH AFRICAN PUBLIC OFFICIALS ENGAGING IN UNLAWFUL ACTIVITIES

PRETORIA– The acting national head of the Directorate for Priority Crime Investigation, or the Hawks as the unit is better known as, Lieutenant-General Yolisa Matakata, has expressed concern over the high number of public officials found engaging in unlawful activities.

Noting that the mandate of the Hawks is to regain the trust of citizens in government institutions and to provide accountability, she added that from November 2017 to date, around 92 officials from different government entities across all provinces have been arrested for various offences, including corruption, armed robbery, and theft.

In a statement issued here Monday, Matakata said Limpopo Province had the highest number of officials arrested followed closely by Gauteng Province.

Matakata said corruption would not be tolerated and warned officials who think they can beat the system that they would be brought to book.

Source: NAM NEWS NETWORK