Galveston Capital Tourism and Marketing: Singapore Tourism Board Launches New Marketing Brand in Jakarta

Jakarta. The Singapore Tourism Board, or STB, unveiled its new international marketing brand “Passion Made Possible,” at the Annex building in Central Jakarta on Wednesday (06/09).

The new brand aims to market Singapore internationally for tourism and business purposes, as well as to attract more sophisticated tourists who seek more inspirational value propositions in their travels.

“The new brand captures the spirits of Singapore beyond just tourism. A lot of Indonesians have traveled to our country pretty often but they haven’t explored all of Singapore’s attractions and experienced our cultures,” said Raymond Lim, STB area director for Indonesia.

With the theme of “Passion and Possibilities,” STB wants to establish a deeper and more personal connection between both countries and its Indonesian fans and friends.

“Consumers are increasingly driven by their passion in making their travel decisions. We want to communicate that Singapore can fulfill their passions,” said STB executive director for Southeast Asia, Edward Koh.

In line with Singapore’s aspiration to attract quality tourism, Edward said the new marketing approach will go beyond what tourists can do in Singapore to invite them to think about what they can be there.

“They can pursue their passion as a foodie, an explorer, a collector, an action seeker, a socializer or a culture shaper because the destination will feed their spirit to pursue their aspirations,” Edward said. “With this new brand, people will find many more like-minded people to share their passions.”

In conjunction with the 50th anniversary of diplomatic relations between Indonesia and Singapore, STB also invited two Indonesian mural artists to participate in the campaign.

Bunga Fatia and Karina Deagusta have recently collaborated with a famous professional Singaporean street artist, Ceno2, to create a new mural painting in Kampong Glam.

“Whenever they travel to Singapore, Indonesian tourists will be able to relate to the artwork and find it attractive to take pictures, which will be posted on their social media and hopefully people will see it and come to Kampung Glam,” said Raymond.

“We bring the Passion Made Possible brand to life by differentiating Singapore as a vibrant destination that inspires people to share and deepen their passions,” he added.

Raymond said Indonesia, being the top source market, is among the first across 15 markets in the global roll out the new brand will penetrate over the next three months.

“STB Indonesia will continue to undertake aggressive promotional activities and roll out a marketing plan with focus on four cities [Jakarta, Surabaya, Medan and Bandung] that leverage the new brand.”

Upcoming Collaborations

To further promote the new brand, STB will hold a contemporary art exhibition, “Rising 50,” on Sept 12-Oct 12 at the World Trade Center Building in South Jakarta.

The one-month exhibition will showcase collaborative artwork from both countries.

Indonesian artists, such as pop-art artist Naufal Abshar, will be featured in the event.

Moreover, STB Indonesia will also collaborate with Pullman Hotel in Central Jakarta to showcase a series of Singapore pop-up bars at UNA, which is located inside the hotel, over the next six months.

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Online Fraud Detection: Blockchain Can Be a Powerful Tool for Indian Businesses

Bitcoin

Blockchain technology was developed to reinforce digital currency bitcoin, and is considered the most efficient technology against cyber fraud that allows financial transactions to be verified electronically over a network of computers.

While relatively nascent in India, the country too plans to embrace the Block Chain technology because of increased cybercrime in financial institutions. India’s southern state of Andhra Pradesh has been named as the first in Asia to introduce the Block Chain Technology Institute last month. This technology ensures security and scale by using a dispersed network.

Alex Tapscott  in a Forbes report explains,blockchain is a vast, global distributed ledger or database running on millions of devices and open to anyone, where not just information but anything of value –like money and units of energy – can be moved and stored securely and privately peer to peer, and where trust is established, not by powerful intermediaries like banks, governments and technology companies, but rather through mass collaboration and clever code.

In India too, IT services and solutions companies are stepping in to leverage emerging blockchain technology applications for customers across market verticals.

Here are some sectors that plan to significantly invest on Blockchain.

BFSI

Banks are investing on implementing blockchain. This will resolve issues surrounding high rate on transactions and will allay the commotion expected from other financial institutions offering financial services at a lower cost than the banks themselves.

According to a blogpost on Infosys Finacle site by Rajashekara V. Maiya, blockchain technology has created a lot of buzz in the technology landscape compared to any other technology in the past. Perhaps, blockchain is considered to be the biggest disruption post ‘internet’.

A recent report by World Economic Forum (WEF) shows that 80 percent of banks are predicted to start blockchain projects by 2017 and $1.4 billion has been invested into the technology over the past three years. 90 central banks are looking at the technology. In the Indian context, even RBI is optimistic about advantages of using blockchain to prevent cheque frauds. There are many identity-related blockchain projects where organizations are focusing on know-your-customer (KYC) for banks.

Intellectual Property

With the rise of the internet, it is becoming increasingly difficult to protect digital intellectual property. Many new companies are coming up to address this issue with the aid of blockchain technology.  blockchain is mostly linked with bitcoin and cryptocurrency, but its realm speeds beyond that. As blockchain is used as a virtual decentralised ledger to track bitcoin transactions, it can also track the actual rights of all kinds of digital content and Intellectual property from logos, to music, to books, to everything.

Energy

According to a Finextra report, the energy sector has seen significant changes over the past few decades across generation, distribution, storage, and consumption. The result is a complex, non-transparent and inefficient energy market leading to a lot of waste. Put simply, there isn’t a single, publicly available ledger of all energy transactions that take place in the industry. Though the data is there, it is very fragmented, hard to interpret, and largely underused as a result.

Blockchain infrastructure would provide an open, transparent and timely way to record transactions in the energy business, from generation through consumption.

Supply Chain

Global supply chain can add transparency and auditability with blockchain technology. Every time a product changes hands, the transaction could be documented. This will create a permanent record of a product, from manufacture to sale. blockchain technology reduces leaks in the chain and reduce time delays, added costs, human error and insurance costs.

Also Internet-of-Things (IoT) plays a major role in this vertical. Here IoT sensors can record sessions of objects on the blockchain, which will provide data diligence and optimize cost.

Government

Government has innumerable data all across, so we can imagine the settlement of all the dissidence if blockchain is used. It can also bring more transparency to the tax structure and citizens could gage how the money is being spent.

Also by moving the registries to blockchain, government can save money, increase transparency, and cull corruption.

According to a IndiaToday report, in possibly a first in Asia, Andhra Pradesh government has introduced blockchain technology to prevent incidents of cybercrime. It has introduced the technology in some departments to protect the database from being hacked.

However, Eric Piscini in a TechTarget report opined, “Mass adoption will not happen unless we have a regulatory framework and today these frameworks are inconsistent at best, and nonexistent in a few cases.”

“In addition, our legal environment needs to evolve to account for specific smart contracts, which are business logic running on blockchain and automatically executed, to be recognized in court,” said Eric.

Clearly, with rapid adoption of blockchain technology, the enterprises offering the same have a huge potential market to tap in 2017 and beyond.

Coalition Against Insurance Fraud – Arsonist to insurers: Check fire claims more closely

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Closer look deters arsonists, discovers scams, benefits all policyholders

Kenny Allen was a likable fellow. He went to church, coached youth basketball in the Muncie, Ind. area, and was making his way through life with limitless potential ahead.

He also lived in a secret world: He was an insurance thief. Kenny was a driving force behind the largest home arson ring in Indiana history. And one of the largest ever in the U.S. His gang helped torch at least 73 buildings while he sang hymns of righteousness in pews.

Insurers were easy to defraud, Allen says. Their adjusters were so intent on making customers happy — he contends — that they rarely asked tough questions. Insurers could’ve quickly exposed the claims for burned homes as money grabs with a little more effort.

Kenny went straight after nearly five years in federal prison. He admits he screwed up, and today gives workshops for investigators to help make amends. He partners with Mike Vergon, the former ATF agent who arrested him. They’re friends and supporters in life — a touching story of Kenny’s redemption.

Yet his saga speaks to a bigger dilemma for insurers. If they investigate too many claims too closely, they risk policyholders thinking they’re cold and money-grubbing.

If insurers let too many suspect claims slide through too easily, they risk being prey for hunters like Kenny was. This slippery slope can grow fraud losses, help raise premiums and — yes — reinforce a belief among many consumers that insurers are cold and money-grubbing.

Life isn’t always fair when you’re an insurance company, no matter how many good deeds you perform. Corporations are targets of consumer upset simply because they’re big and make money.

Checking closely into suspicious claims can trigger a lot of emotions. Fair or not, people’s feelings of aggrievement or entitlement can quickly damage an insurer’s reputation. Especially when viral social posts can reach millions of sympathetic consumers in just hours.

Over the longterm, it’s a risk worth taking, and a story worth telling.

Insurers should do a far better job of telling people why they fight fraud — and why all policyholders benefit.

Being justifiably known for protecting policyholders from thieves seems like a pretty good way to build a business brand. And doing right by consumers.

If Kenny Allen’s right, taking the easy way out could’ve cost insurers more than millions in false arson claims. He’s the first to admit, it’s a miracle nobody died in his fires.

Insurance Fraud Advocacy : Inspector General in New York named “Fraud Fighter of the Year”

Award bestowed by New York Alliance Against Insurance Fraud

March 16, 2016, New York, NY — Cited for an aggressive campaign to counter workers-compensation scams throughout the state, New York Inspector General Catherine Leahy Scott was honored with the “Fraud Fighter of the Year” award by the New York Alliance Against Insurance Fraud.

The award was presented during NYAAIF’s recent annual meeting held here.

NYAAIF Chair Jim Berrigan credited the IG’s leadership in compiling an impressive record of prosecuting wide-ranging workers-compensation cases. They included fraud by claimants, medical providers and businesses.

“The IG’s efforts put teeth behind our anti-fraud marketing campaigns in providing valuable deterrence though public awareness and vigorous prosecution,” Berrigan said in presenting the award. He also commended Scott for reaching out and working with insurers to identify fraud trends and develop strategies to counter them.

NYAAIF also previewed its 2016 consumer campaign. It will include TV & radio ads, billboards and a roaming “Fraud Squad” van plastered with anti-fraud messages. The campaign theme is “Insurance Fraud Hurts . . . Everyone.” It launches in May.

Frank Orlando, head of the fraud unit of the state Department of Financial Services, briefed fraud fighters on no-fault fraud trends in the state. The Massachusetts Insurance Fraud Bureau profiled a huge automobile rate- evasion ring that operated in New York and Massachusetts.

NYAAIF also elected four members to three-year board terms: Jim Potts (New York Central Mutual), Frank Sztuk (Hanover Insurance), Ken Jones (Travelers) and James Egner (Farmers Insurance).

NYAAIF is an alliance of 104 insurance companies in New York. NYAAIF was created in 1999 to educate consumers about the cost of insurance fraud and help consumers avoid becoming victims.

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Bacall Conniff and Associates Review: 30 years of exceptional restaurant and hospitality accounting services

Within the financial district of Boston, Massachusetts lies the firm of Bacall Conniff and Associates, which is known as a source of “bean-counter” CPAs. Being very meticulous in performing their job is basically the primary trait of “bean-counter” CPAs. It is described to as an accountant who will give great importance to every minor detail in the inventory and books of a company and doesn’t forget to check each of them.

Aside from the capabilities they achieved over the years, Bacall Conniff and Associates as a professional accounting and consulting company also possesses incomparable skills that showcase their simplicity and ease in performing their jobs. In order to fulfill the needs of their clients, those CPAs are always ready to become extra meticulous in their jobs. Furthermore, bookkeeping and other financial tasks serve as the foundation for a solid and profitable business operation.

The trust and confidence clients put on Bacall Conniff and Associates can be verified by a lot of respected organizations such as the National Society of Accountants, the Massachusetts Society of Certified Public Accountants, the Massachusetts Association of Public Accountants, the National Conference of CPA Practitioners and the National Association of Tax Professionals.

Bacall Conniff achieved their reputation through simple and effective ways. Their aim is to always help their clients attain their individual and corporate financial objectives in a simple yet effective manner. The firm only experiences satisfaction once their clients achieve success. The firm also never fails to keep a close collaboration with their clients and provide excellent professional service that meets their needs.

It is not surprising that all members of their staff cover a broad range of capabilities since the firm requires its employees to devote themselves in an unending pursuit of professional growth through education. It also needs its partners to acquire an advanced degree in business or taxation, and of every staff member to maintain the same standard. Each of them is hard-working and possesses a strong dedication to their job.

Clients who desire a meaningful and productive relationship, as well as potential employees who wish to learn and provide beneficial opportunities for themselves and others, are welcome at Bacall Conniff and Associates to ask for necessary guidance.

 

Pugh Heating & Air Conditioning: Reasons why you need a professional HVAC installation

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Experience an easy and hassle-free process with Pugh Heating & Air Conditioning professional HVAC installation. They can guide you through every step involved, from choosing the best furnace and air conditioning system to finishing and checking the installation. This is to ensure that you will greatly benefit from their services and enjoy maximum home comfort.

Pugh Heating & Air Conditioning does a great job in pairing your home and daily needs with the right HVAC system that results in efficient heating and cooling of your home. Their chosen furnace and air conditioner will surely give you a great indoor environment.

You don’t want to damage your new HVAC system, right? Then entrust the installation of your HVAC system to professionals like Pugh Heating & Air Conditioning only, especially if you don’t have the necessary skills and tools to do it on your own. This is because you might end up experiencing more stress and obviously, spend more money during the process.

Proper and professional HVAC installation can give you a relaxed home environment and lets you save costs on your heating and cooling bills. Proper installation is crucial to have a durable and efficient HVAC system, because if done poorly, you might experience poor performance and higher energy bills.

Choose Pugh Heating & Air Conditioning in doing professional HVAC installation on your home. Reviews tell that having such dependable company to do the installation for you is an easy, smart, and cost-effective choice. Since 1939, their team is known for excellent HVAC services in Holland, Ohio. From ventilation to heating systems and water heaters, you can entrust everything to their hardworking team.

Aside from providing quality products and solutions, Pugh Heating & Air Conditioning can also help you regarding alternative heating systems such as boilers or hot boilers and water heaters. Their team also offers service protection because these days, scammers are everywhere, so be wary of everything you see on the web and avoid fraud services online.

International Finance Corporation Provides $150 Million for Central America’s First Integrated Liquefied Natural Gas Facility

In Washington, D.C.:

Vanessa Bauza, IFC

Phone: 202-458-1603

E-mail: vbauza@ifc.org

In Panama City:

Khadine Sanhueza, AES

Phone: +507 206-2682

Email: khadine.sanhueza@aes.com

Panama City, Panama – August 2, 2016 — IFC, a member of the World Bank Group, has completed a $150 million financing package for the construction and operation of Central America’s first integrated liquefied natural gas (LNG) to power facility. It will ease the dependence on imported fossil fuels and help mitigate electricity shortages by introducing a clean, cost-effective and reliable new energy source to the region.

The project, AES Colón, consists of a 380 megawatt gas-fired power plant and an onshore LNG import and regasification terminal with an 180,000 cubic meter storage tank.  The facility is expected to displace at least 2,100 gigawatt hours of power currently generated from heavy fuel oil and diesel, thereby avoiding about one million tons of carbon dioxide emissions each year. That is roughly equivalent to taking more than 200,000 cars off the road. Once operational, the project will offset about 4 percent of Panama’s carbon dioxide emissions each year.

AES Colón has a total project cost of approximately $1 billion.  Additional capital for the project has been secured through other financial institutions, along with equity investments from the AES Corporation and the Panama-based Motta Group.

“We are honored to have IFC joining us in this transformational project, through which we reaffirm our commitment to Panama and the region,” said Gustavo Pimenta, CFO for AES’s Mexico, Central America and Caribbean Strategic Business Unit. “AES Colón will generate significant benefits to the country and contribute to its sustainable development by diversifying the energy matrix with clean natural gas, while providing an avenue for the transformation of other adjacent industries within the regional economy.”

In addition to its direct benefits, natural gas offers synergies with renewable energy. The LNG facility will provide cleaner and more affordable base load power to complement the inherent variability of wind and solar energy. This will make it possible to integrate more renewable power projects into the grid, while balancing electric system loads and ensuring a continuous supply of electricity.

“We are extremely pleased to be working with IFC on this important project to establish the first LNG plant in Central America,” said Stanley A. Motta, President of Motta Group. “Bringing clean power to Panama is a project we and AES have been working on for some time. We are proud to see it become a reality.”

Panama is projected to be Latin America’s fastest-growing economy over the next five years. However, infrastructure investments, particularly to increase power generation, have lagged. The Panamanian government projects a 5 percent annual increase in the country’s energy demands, which will require significant investments.

“This LNG to power facility is a game-changer for Panama,” said Giancarlo Ortega, IFC Principal Investment Officer. “It leverages an expected growth in natural gas and provides a low-carbon power source for Panama, which has been heavily dependent on seasonal hydropower and vulnerable to fluctuations in oil prices. Introducing LNG as a fuel for electricity will significantly transform the country’s energy matrix, supporting a critical component of its growth strategy.”

Introducing LNG is also expected to have broad impacts beyond the power sector: This integrated facility enables industrial users in shipping, transportation and other sectors to convert from using oil products to natural gas. Located on Panama’s Atlantic coast, the plant will become operational in the first half of 2018. AES expects to generate approximately up to 2,000 direct jobs during construction.

Since 2010, IFC has provided $1.3 billion for Central America’s power sector, including mobilizations from other financial institutions. These projects include, among others, UEP Penonomé II, the largest wind farm in Central America; three solar power plants in Honduras; and the Reventazón hydropower plant, which will bring electricity to half a million homes in Costa Rica. With this LNG to power facility, IFC has supported the financing of over 1.25 GW of new generation capacity in the region in that timeframe.

About IFC

IFC, a member of the World Bank Group, is the largest global development institution focused on the private sector in emerging markets. Working with 2,000 businesses worldwide, we use our six decades of experience to create opportunity where it’s needed most. In FY16, our long-term investments in developing countries rose to nearly $19 billion, leveraging our capital, expertise and influence to help the private sector end extreme poverty and boost shared prosperity. For more information, visit http://www.ifc.org

About AES Corporation

The AES Corporation (NYSE:AES) is a Fortune 200 global power company. We provide affordable, sustainable energy to 17 countries through our diverse portfolio of distribution businesses as well as thermal and renewable generation facilities. Our workforce of 21,000 people is committed to operational excellence and meeting the world’s changing power needs. Our 2015 revenues were $15 billion and we own and manage $37 billion in total assets. To learn more, please visit http://www.aes.com. Follow AES on Twitter @TheAESCorp.

Since 1999, AES Panama and AES Changuinola, the AES affiliates operating in Panamá, have invested approximately $1,3 billion in assets and currently have 777 MW of installed capacity. With the most recent addition of AES Colón, AES will have an additional 380 MW in its generation portfolio and will continue to help reduce the dependency of the country on oil derivatives.

About Motta Group

The Motta Group is a Panama-based family-owned regional conglomerate that invests in and actively oversees a broad portfolio of companies in aviation, financial services, telecommunications, energy, media, logistics, real estate, and wholesale and retail distribution. The most significant ones are Copa Airlines, the NYSE-listed flagship air carrier of Panama; Banco General and ASSA Compañía de Seguros, Central America’s largest locally-owned bank and insurance company, respectively;  Cable Onda, Panama’s top provider of pay TV and internet; TVN, open television provider; AES Colon, Central America’s first LNG power plant and terminal; Manzanillo International Terminal, one of Latin America’s largest container ports by volume; Motta Internacional, the Colon Free Zone’s oldest company, whose Attenza duty free business is present in more than seven countries in Latin America; and Juegos de Video de Latinoamerica, a joint venture with NYSE-listed GameStop. The Motta Group is headed by Mr. Stanley Motta, a recognized and successful entrepreneur.