The Art of Science: Olympus Launches Third Global Image of the Year Contest

The annual awards celebrate the beauty of the microscopic world through imaging

Olympus Image of the Year Award 2021

Search for the best light microscopy images

WALTHAM, Mass., Oct. 19, 2021 (GLOBE NEWSWIRE) — Olympus’ third annual Global Image of the Year Life Science Light Microscopy Award is now open for entries through Jan. 31, 2022. Each year, the competition recognizes the best in life science imaging worldwide to inspire and showcase art through microscopy. Contestants may enter by uploading up to three images, with a description of the equipment used, at Olympus-LifeScience.com/IOTY. Winners will be selected by a jury and announced in April 2022.

Contest Details
Prizes include an Olympus SZX7 stereo microscope with a DP28 digital camera for the global winner and an Olympus CX23 upright microscope for the regional winners in Asia, Europe and the Americas.

The international jury includes experts from both science and the arts, including Wendy Salmon, director of the Hooker Imaging Core Facility at the University of North Carolina (UNC) at Chapel Hill School of Medicine; Geoff Williams, manager of the Leduc BioImaging Facility at Brown University; Harini Sreenivasappa, microscopy facility manager of the Cell Imaging Center at Drexel University; Rachid Rezgui, research instrumentation scientist at New York University Abu Dhabi; Siân Culley, postdoctoral research associate at the MRC Laboratory for Molecular Cell Biology at UCL; Stefan Terjung, operational manager of the Advanced Light Microscopy Facility at EMBL Heidelberg; Wen-Biao Gan, director of the Institute of Neurological and Psychiatric Disorders at Shenzhen Bay Laboratory; and Anne Beghin, research assistant professor at MechanoBiology Institute, National University of Singapore.

All entries will be evaluated based on artistic and visual aspects, scientific impact and microscope proficiency.

About the Image of the Year (IOTY) Award
Olympus’ IOTY Award began in 2017 as the Image of the Year European Life Science Light Microscopy Award with the aim to celebrate both the artistic and scientific value of microscopy images. Today, the competition stays true to this mission by encouraging people around the world to look at scientific images in a new way, appreciate their beauty and share images with others.

More information about the Global Image of the Year Life Science Light Microscopy Award, including jury members’ biographies, last year’s winning images and the full terms and conditions, can be found at Olympus-LifeScience.com/IOTY.

For more information about Olympus Life Science, please visit Olympus-LifeScience.com.

About Olympus

Olympus is passionate about creating customer-driven solutions for the medical, life sciences and industrial equipment industries. For more than 100 years, Olympus has focused on making people’s lives healthier, safer and more fulfilling by helping to detect, prevent and treat disease; furthering scientific research; and ensuring public safety.

Olympus has manufactured microscopes since the company’s founding in 1919. Today, our Life Sciences business is dedicated to meeting and exceeding the evolving needs and expectations of life science professionals through a comprehensive range of clinical research, educational, and high-end research microscopes and microscope systems. For more information, visit Olympus-LifeScience.com.

Olympus and the Olympus logo are trademarks of Olympus Corporation or its subsidiaries.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f7f5045d-ec30-4aef-8900-876aec195721

Media Contact:
Calla Kostelnik
610-973-2400
calla@klunkmillan.com

New Research Uncovers Necessary Skills for Businesses to Drive Systemic Progress for Diversity, Equity, Inclusion and Belonging (DEIB)

New report from RedThread Research and Degreed uncovers the actionable skills that build more diverse organizations, including assertiveness, grit, authenticity, and curiosity

PLEASANTON, Calif., Oct. 19, 2021 (GLOBE NEWSWIRE) — A new report, Creating a DEIB Culture: The Skills Every Employee Needs, by RedThread Research and sponsored by Degreed, has uncovered the actionable skills that build more diverse and inclusive organizations. Separated by seniority level, the list highlights practical ways for leaders, workers and senior managers to understand and build the skills needed to drive diversity, equity, inclusion and belonging (DEIB) at every level of their organization.

Diversity is on the boardroom agenda at many leading organizations. Skills are a necessary but often overlooked component of achieving diversity goals. According to the report, organizations that foster greater diversity are 81% more likely to have higher customer satisfaction and employees are 45% more likely to remain at their organization.

By employee group, the top skills for driving a DEIB culture are:

  • Individual employee skills to act authentically: courage, authenticity, data literacy, pattern recognition, managing ambiguity and the ability to empower people.
  • Manager skills to explore new ideas: curiosity, influence, negotiation and grit.
  • Senior leader skills to push for change: mental flexibility, rapport building and assertiveness.

Additionally, two skills were found in all employees at all organizations with high DEIB — calculated risk-taking and nonverbal communications.

Susie Lee, SVP, Global Business Transformation & DEIB Executive Officer at Degreed said, “Traditional approaches to improving DEIB have fallen short at many companies. This new actionable skills data on inclusive organizations can be the catalyst that will finally drive change. And what’s really exciting is the actionability not just for HR, but across the entire business and for all job levels, because it’s only through making DEIB part of holistic business operations that true systemic change will occur.”

Janice Burns, Chief People Officer at Degreed said, “The business and societal benefits of having more inclusive organizations is now well-recognized but little has been done in terms of practical steps that leaders can take beyond hiring more diverse talent. I’m excited to see the impact this first-of-its-kind report from RedThread can have on driving change within DEIB efforts–across HR teams and the broader business community; it gives everyone a tangible way to build the foundations for an inclusive organization — one skill at a time.”

Both Susie and Janice will be speaking on this topic at Degreed LENS, held at the Intercontinental Hotel LA on November 11th. Reserve your event ticket here.

To read the full Creating a DEIB Culture: The Skills Every Employee Needs report, click here

Notes for editor:

Research Methodology

The Activating for DEIB report is a culmination of six months of qualitative and quantitative research beginning in March 2021. Starting with an exhaustive literature review of 60 articles, we then conducted extensive qualitative data collection, including two 80-minute roundtables which took place in April and May 2021, with 43 and 31 leaders, respectively, representing HR, DEIB, and learning in the first roundtable, and employees from all functions in the second roundtable. RedThread Research also conducted 60-minute interviews with 20 HR, DEIB, and learning leaders.

To collect the quantitative data, a 211 item survey was run from June to July 2021 covering organizational and individual demographics, organizational and individual performance, DEIB, skills importance and effectiveness, and other factors that could influence skills and DEIB. A total of 1,044 valid responses were collected.

For the skills portion of the survey, RedThread started with a list of close to 100 skills/competencies/behaviors that had been identified as critical during the qualitative portion of the research. Based on its own taxonomy, RedThread then grouped skills into “personal,” “interpersonal,” and “technical” and then minimized the list to 48 discrete skills that did not have any overlap and that satisfied four criteria:

  • Granular
  • What an employee does (vs. how a job is done)
  • A learned ability
  • Transferable within and across organizations

Respondents were asked within the survey to identify if a skill was important for themselves as individuals, their manager, and their most senior leader to create a culture of DEIB.

In the course of the analysis, RedThread created a DEIB Index, which included 6 questions designed to measure DEIB. These items include:
1. My org represents a diverse group of people (e.g., race, gender, age, disability, sexuality, education, religion, etc.).
2. People from all backgrounds and with a range of identities have equitable opportunities to advance at my org.
3. I feel respected by my colleagues.
4. I feel my unique background and identity are valued at my org.
5. I feel a sense of belonging at my org.
6. I feel included in the discussions and decisions that impact my job.

RedThread arrived at its conclusions by blending together insights from the quantitative and the qualitative research streams.

About Degreed
Degreed is the workforce upskilling platform for one in three Fortune 50 companies. We connect all your learning, talent development, and internal mobility opportunities to intelligence on the skills your business needs next. And we do it all in one simple, fluid, skill-building experience that’s powered by your people’s expertise and interests. So you can transform your workforce from within. Founded in 2012, Degreed is headquartered in Pleasanton, California, with additional offices in Salt Lake City, New York, London, Amsterdam, and Brisbane.

Learn more about Degreed: Website | YouTube | LinkedIn | Twitter

About RedThread Research
RedThread is a human capital research and advisory firm that listens to you and understands your business. We’re experts in talent management, learning, and diversity and inclusion and the technologies that support them. But more importantly, we’re truth-seekers and storytellers in a world where there’s a dearth of the former and much of the latter is sort of bunk. We use technology and collaboration to make connections between people, data, and ideas — even among seemingly unrelated concepts. We focus on providing high-quality, unbiased foresights that you can implement for a stronger business. For more information, please visit us at www.redthreadresearch.com. Follow RedThread on Twitter at @RedThreadRe.

Contact:
Sarah Danzl
Head of Global Communications, Degreed
sdanzl@degreed.com

Adagio Therapeutics Announces New In Vitro Data Highlighting Broad and Potent Neutralization of ADG20 Against All Known SARS-CoV-2 Variants

Data to be presented at the 2021 ISIRV-WHO Virtual Conference

WALTHAM, Mass., Oct. 19, 2021 (GLOBE NEWSWIRE) — Adagio Therapeutics, Inc., (Nasdaq: ADGI) a clinical-stage biopharmaceutical company focused on the discovery, development and commercialization of antibody-based solutions for infectious diseases with pandemic potential, today announced new in vitro data demonstrating retained neutralizing activity of its monoclonal antibody (mAb), ADG20, against a diverse panel of circulating SARS-CoV-2 variants, including the newly emerged Lambda and Mu variants. Notably, findings show that ADG20 demonstrated potent in vitro neutralizing activity against all SARS-CoV-2 variants of concern tested, including those with reduced susceptibility to mAb products currently available under Emergency Use Authorization (EUA) or in late-stage development. These data will be presented during a poster session at the 2021 ISIRV-WHO Virtual Conference, which is being held October 19-21, 2021. In addition, Adagio will present an encore poster highlighting recently announced data from the company’s ongoing Phase 1 trial of ADG20 in healthy participants.

“These new variant data further underscore the potential of ADG20 to address the ongoing COVID-19 pandemic, as well as possible future outbreaks caused by other SARS-like viruses,” said Laura Walker, Ph.D., co-founder and chief scientific officer of Adagio. “We have intentionally designed this mAb to have both broad and potent neutralizing activity as well as a half-life that extends its potential window of protection, critical features that may set it apart from other therapies available under EUA or in development today. With global Phase 2/3 prevention and treatment trials ongoing, we look forward to continuing our evaluation of ADG20 to assess the meaningful role it could potentially play in the arsenal of COVID-19 treatment options. Given as a single, intramuscular injection in clinical trials, ADG20 has been designed to offer protection for up to a year in the prevention setting and is being explored as a treatment for high-risk patients and/or as a vaccine supplement, including for immunocompromised individuals.”

In addition to the Phase 1 healthy participant trial, Adagio is advancing two ongoing global Phase 2/3 trials with ADG20, a treatment trial (STAMP) and a prevention trial (EVADE). The company anticipates submitting an EUA application to the U.S. Food and Drug Administration for ADG20 in the first quarter of 2022.

Presentation Details
Poster Title: (130) Broad and Potent In Vitro Neutralization of SARS-CoV-2 Variants by ADG20, a Half-Life Extended Monoclonal Antibody in Development for the Prevention and Treatment of COVID-19

Poster Title: (131) Evaluating the Safety, Tolerability, and Pharmacokinetics of ADG20, a Half-Life–Extended Monoclonal Antibody (mAb) in Development for the Prevention and Treatment of COVID-19: a Preliminary Analysis of a Randomized Phase 1 Study

About ADG20
ADG20, a monoclonal antibody targeting the spike protein of SARS-CoV-2 and related coronaviruses, is being developed for the prevention and treatment of COVID-19, the disease caused by SARS-CoV-2. ADG20 was designed and engineered to possess high potency and broad neutralization against SARS-CoV-2 and additional clade 1 sarbecoviruses, by targeting a highly conserved epitope in the receptor binding domain. ADG20 displays potent neutralizing activity in vivo against the original SARS-CoV-2 strain as well as all known variants of concern. ADG20 has the potential to impact viral replication and subsequent disease through multiple mechanisms of action, including direct blocking of viral entry into the host cell (neutralization) and elimination of infected host cells through Fc-mediated innate immune effector activity. ADG20 is administered by a single intramuscular injection, and was engineered to have a long half-life, with a goal of providing both rapid and durable protection. Adagio is advancing ADG20 through multiple clinical trials on a global basis.

About Adagio Therapeutics
Adagio (Nasdaq: ADGI) is a clinical-stage biopharmaceutical company focused on the discovery, development and commercialization of antibody-based solutions for infectious diseases with pandemic potential. The company’s portfolio of antibodies has been optimized using Adimab’s industry-leading antibody engineering capabilities and is designed to provide patients and clinicians with a powerful combination of potency, breadth, durable protection (via half-life extension), manufacturability and affordability. Adagio’s portfolio of SARS-CoV-2 antibodies includes multiple, non-competing broadly neutralizing antibodies with distinct binding epitopes, led by ADG20. Adagio has secured manufacturing capacity for the production of ADG20 with third-party contract manufacturers to support the completion of clinical trials and initial commercial launch, ensuring broad accessibility to people around the world. For more information, please visit www.adagiotx.com.

Forward Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “anticipates,” “believes,” “expects,” “intends,” “projects,” and “future” or similar expressions are intended to identify forward-looking statements. Forward-looking statements include statements concerning, among other things, the timing, progress and results of our preclinical studies and clinical trials of ADG20, including the timing of our planned EUA application, initiation and completion of studies or trials and related preparatory work, the period during which the results of the trials will become available and our research and development programs; our ability to obtain and maintain regulatory approvals for, our product candidates; our ability to identify patients with the diseases treated by our product candidates and to enroll these patients in our clinical trials; our manufacturing capabilities and strategy; and our ability to successfully commercialize our product candidates. We may not actually achieve the plans, intentions or expectations disclosed in our forward-looking statements and you should not place undue reliance on our forward-looking statements. These forward-looking statements involve risks and uncertainties that could cause our actual results to differ materially from the results described in or implied by the forward-looking statements, including, without limitation, those risks described under the heading “Risk Factors” in Adagio’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2021 and in Adagio’s future reports to be filed with the SEC. Such risks may be amplified by the impacts of the COVID-19 pandemic. Forward-looking statements contained in this press release are made as of this date, and Adagio undertakes no duty to update such information except as required under applicable law.

Contacts:

Media Contact:
Dan Budwick, 1AB
Dan@1abmedia.com

Investor Contact:
Monique Allaire, THRUST Strategic Communications
monique@thrustsc.com

Zoho Boosts Competitive Opportunity for Global Businesses with New Cutting Edge Technology in Zoho One, its Operating System for Business

Featuring 5 new apps, 3 new services, and 7 major platform enhancements, Zoho One helps businesses unify systems, data and teams. —————————————————————————————————————— Since its release in 2017, over 40,000 organizations have chosen Zoho One as their operating system. During the months of global and economic crises, Zoho One witnessed a 60% y-y customer growth with average number of apps used by businesses rising to 21.

Austin, Texas, Oct. 19, 2021 (GLOBE NEWSWIRE) — Zoho Corporation, a leading global technology company, today introduced new apps and services in Zoho One, the operating system for business. The new release empowers businesses to solve disjointed data challenges and close communications gaps across silos, so organizations can become more productive, adapt more quickly to changing business conditions, and become poised for growth.

“The experience that employees, customers, partners, and suppliers get when dealing with businesses is typically a reflection of how that business and its systems are structured internally. Today, the majority of systems are disconnected as a result of siloed solutions offered by vendors,” said Raju Vegesna, Chief Evangelist at Zoho. “Unification of a business requires unification of the underlying systems, which can then provide a truly unified experience, internally and externally, along with unified insights. Zoho One was created with this vision and keeps expanding its unbeatable value with new additions and improvements year over year.”

Zoho One aims to resolve operational, digitization, and retention challenges that businesses encounter. Enhancement categories include:

Unified, Real-time Insights for Critical Business Decisions

Businesses now have stronger real-time, organization-wide analytics, connecting the dots between data previously lost across departments, teams, and accounts. Powered by Zia, Zoho’s AI assistant, and Zoho’s BI and Analytics Platform, Zoho One allows users to predict and provide insights across the organization enabling confident decision-making. New innovations include:

  • Embedded and Conversational BI: Zoho One now features embedded and conversational analytics enabling decision makers to drill down into their data and glean cross-departmental insights, all through natural language commands using Zia Insights. By providing 1,500+ pre-built analytics reports and dashboards, critical business decisions can be made with greater precision and speed.
  • Data Preparation: This self-service data preparation and management tool is now available in Zoho One. Whether users are preparing data from third-party apps or other sources, DataPrep, powered by machine learning, can help business users integrate, model, cleanse, transform, enrich, and catalog data, as well as integrate with Analytics or a third party for new-found insights.
  • Work Graph: Zoho’s new back-end service, an industry-first for business software, maps interactions between people, resources, systems and processes by studying signals and their strength across the board to build a business-wide work graph that is specific to each individual within the organization. The result of a work graph will be seen in the day-to-day productivity of users across various apps.
  • Enterprise Search: Zoho’s actionable, organization-wide search, which is powered by Zia, can now understand natural language requests. Natural language powered search will lead to more accurate data discovery across teams and functions.

Scale and Manage Operations More Effectively in Unpredictable Climates

Global health and economic crises have accelerated the need for digital solutions that support varying workplace and business models. Operations have become more complex, making employee data and security a priority. The addition of Mobile Application Management and Zoho Commerce aim to help businesses better manage operations:

  • Mobile Application Management (MAM): With remote work now persistent, Zoho One now includes enterprise-grade Mobile App Management capabilities. Admins can easily add and manage all of their users’ devices for better insight and control of provisioning, specific app permissions and policies, locking and wiping devices remotely, and more, to support employee mobility and flexibility.
  • Zoho Commerce: Businesses need to digitize faster than ever. The addition of Zoho Commerce enables retailers to easily build online shops with the tools needed to construct a website, accept orders, track inventory, process payments, manage shipping, market their brand, and analyze data. Zoho Commerce also integrates with third party payment gateways.

Build Strong Employee Experiences, From Anywhere

To help close the distance between employees, employers, and teams, which has widened with remote work, Zoho One delivers solutions that promote stronger collaboration and employee experience to support any mode of work:

  • Zoho Learn: Organizations now have a learning management tool that enables interactive training programs and assessments with Zoho’s course builder. Online centralization of company information, training programs, and more, gives businesses a better way to nurture employee growth.
  • Zoho Lens: To facilitate better communication and collaboration in a remote-work environment, Zoho Lens provides remote assistance and guidance to employees through augmented reality (AR) via real-time AR annotation, VoIP and text chat, and more.
  • TeamInbox: Teams use this shared email inbox to eliminate task duplication and streamline email conversations in one central location.
  • Org Dictionary: Another industry-first, this new organization-wide service offers a central dictionary for the entire organization. It automatically incorporates the organization’s employee name and other sources offering a central, consistent diction across various Zoho applications and users.

Unified and Personalized Experience with Context

Zoho One’s enhanced user experience allows easy customization and personalization of workspaces:

  • Unified Console, Dashboards, and Smart-Stack UI: Employees are now able to see their apps, services, and dashboards in one view with centralization across calendars, dashboards, navigation, and more.
  • Customizable Dashboard with Pre-Built Widgets: Widgets encapsulating data across the organization can be aggregated together in a custom dashboard. This provides users visibility across the organization in a single view with the ability to drill down just one click away.

“Being reactive does not work well in the e-commerce and retail business. The decisions we make today will impact our business 18 months from now. We needed a unified, data-driven solution that provides real-time visibility on our customers, distributors, and suppliers, while giving us insight into every aspect of our business,” said Bryan Duggan, Director of Sales Operations, Counter Culture Coffee. “The intuitive and contextual nature of Zoho One allows us to not only be proactive in our growth strategy, but also to understand our customers better. The comprehensive data pulled from the front and back office, alongside our existing third-party apps, have helped us get to know our customers and their expectations, doubling the satisfaction rate each quarter. We look forward to growing Counter Culture Coffee with Zoho One to expand our operations internationally.”

A Deep Ecosystem that Extends and Integrates

Recognizing that businesses value flexibility in choosing apps that serve their specific needs, the Zoho One platform already integrates with 1,000+ third party solutions on Zoho Marketplace and now extends integration with 100+ telephony providers to enable seamless communications between stakeholders. Zoho One also includes a comprehensive platform for developers and business users to create, extend, and integrate. The platform includes newly released no-code tool, Canvas, low-code tool, Zoho Creator, and pro-code platform, Catalyst.

Zoho Pricing: Pricing starts at $37 USD per employee. For comprehensive pricing information, please go to: https://www.zoho.com/one/pricing/

Zoho Privacy Pledge

Zoho respects user privacy and does not have an ad-revenue model in any part of its business, including its free products. More than 70 million users around the world, across hundreds of thousands of companies, rely on Zoho every day to run their businesses, including Zoho itself. For more information, please visit https://www.zoho.com/privacy.html

About Zoho

With 50+ apps in nearly every major business category, including sales, marketing, customer support, accounting and back-office operations, and an array of productivity and collaboration tools, Zoho Corporation is one of the world’s most prolific technology companies.

Zoho is privately held and profitable with more than 10,000 employees. Zoho is headquartered in Austin, Texas, with international headquarters in Chennai, India. Additional offices are in the United States, India, Japan, China, Canada, Singapore, Mexico, Australia, the Netherlands, Brazil, Saudi Arabia and the United Arab Emirates. For more information, please visit www.zoho.com/

Attachments

Sandra Lo
Zoho Corporation 
slo@zohocorp.com

Emily Horrell
Zoho Corporation
ehorrell@zohocorp.com

4me Takes Service Management to a Whole New Level by Providing Complete Control of Service Cost and Quality

4me dashboard

4me dashboard

PALO ALTO, Calif., Oct. 19, 2021 (GLOBE NEWSWIRE) — With the latest enhanced service cost tracking capabilities, 4me® offers The Complete Service Management Platform. On a per-service basis, 4me can now provide real-time cost information that is accurate, comprehensive and insightful, allowing business leaders to assess the business value of each service.

In this rapidly changing digital world, many enterprises find it more and more complex to control the ever-increasing portfolio of digital services they rely on. This is where 4me, recently recognized as Gartner Peer Insights Customers’ Choice for ITSM tools, can make a real difference. 4me offers the complete service management platform that enables seamless collaboration while providing full visibility and complete control of the cost and quality of all digital enterprise services, whether internally or externally provided.

Tracking cost per service
Aside from tracking service quality, tracking service cost is crucial to determine the true business value of a service. Organizations typically use their finance system to break down their cost into the cost of labor and the assets acquired, such as software licenses, physical machines or subscriptions. But this cost information does not become meaningful to management until it has been broken down by service. Only then can management see whether the cost of a service is roughly in line with the value it provides. This is where 4me can help.

Service cost tracking is often the missing link between IT service quality and business value
Most IT organizations can report on IT service quality and detail IT budgets along departmental or asset lines, but ideally, the IT service management (ITSM) or enterprise service management (ESM) application should also be able to provide senior management with an overview of the cost of each service that the organization makes available to its employees. These services are, after all, the tools that the employees rely on to be successful, and a lot of money is spent on them. In practice, it often proves difficult, if not impossible, to extract the actual cost of each individual service from existing systems.

4me bridges the gap
4me bridges the great divide between IT service and corporate finance with a user-friendly IT financial management capability that was built into its ITSM/ESM solution from the start. It took all those years to perfect this functionality which is now available to all 4me customers. On a per-service basis, 4me provides real-time cost information that allows business leaders to get a complete overview of all the services they make available, how much they cost and how satisfied the employees are with each service.

4me CEO Cor Winkler Prins: “This functionality is new to customers and not generally available from service management systems. We are now able to give complete visibility of costs per service and tie that to service quality. It provides senior management actionable reporting that helps them decide where to allocate the available resources in order to maximize the return on their digital transformation investments.”

Complete overview in an easy-to-read dashboard
The 4me dashboard provides a clear overview with valuable real-time information, broken down by service. Is the SLA being met, how do users rate a particular service, what is the cost per service, and is there a compliance risk? All this information is now available at a glance for management to determine the business value of each service and take appropriate action where necessary. This puts senior management in complete control of service cost and quality.

Find out more
Visit 4me.com for more information. How the 4me service management solution is able to generate such valuable cost information without requiring any tool customization is explained in 4me’s recently published white paper ‘Service Cost Tracking’, which is available at https://www.4me.com/white-papers.

About 4me – The Complete Service Management Platform
4me® combines ITSM with ESM and SIAM capabilities, enabling all internal departments, such as IT, HR, and Facilities, as well as external managed service providers, to work seamlessly with each other. At the same time, 4me provides complete visibility and control of service cost and quality, enabling management to optimize the business value derived from each service.

For further information, please contact Gertje.Bosma@4me.com

Related Images

Image 1: 4me dashboard

Complete Control of Service Cost and Quality

This content was issued through the press release distribution service at Newswire.com.

Attachment

ADB Approves 40 Million USD Loan For Cambodia’s Financial Sector Development

PHNOM PENH– The Asian Development Bank (ADB) approved a 40-million-U.S. dollar loan, to support Cambodia’s efforts to expand access to credit among micro-, small-, and medium-sized enterprises (MSMEs), and implement reforms, to boost financial stability, said its press release yesterday.

 

The third subprogramme of the Inclusive Financial Sector Development Programme, follows two previous subprogrammes, which were implemented from 2016 to 2019, to help the Cambodian government develop an efficient and stable financial sector, by bolstering financial inclusion and financial stability.

 

“Cambodia has made significant strides in preserving financial stability and improving crisis management amid the COVID-19 pandemic,” said ADB financial specialist, Benita Ainabe.

 

“Under the new subprogramme, the government adopted key legislation, supporting a national financial inclusion strategy and launched several initiatives, to increase access to finance, including Cambodia’s first-ever small- and medium-sized enterprise public credit guarantee scheme,” she said.

 

In Cambodia, access to financial products and services for the poor is limited and financial literacy is low, the press release said, adding that, only 21.7 percent of the country’s adults have a bank account, and MSMEs struggle to access financing and micro-insurance.

 

Businesses are often hampered by limited access to long-term finance, because of a lack of collateral, the absence of government support, such as guarantees, and financial illiteracy, the press release said, adding that only 18 percent of Cambodians are considered financially literate.

 

 

Source: NAM NEWS NETWORK