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ZTE Reports Net Profit of RMB 9.33 Billion in 2023, Up 15.4% YoY

ZTE Corporation, a global leading provider of information and communication technology solutions, reported a full-year operating revenue of RMB 124.25 billion in 2023. According to ZTE's results announcement, in 2023, the company's gross profit margin was 41.5%. The net profit attributable to holders of ordinary shares of the listed company reached RMB 9.33 billion, up 15.4% year-over-year. The net profit after extraordinary items attributable to holders of ordinary shares of the listed company for 2023 amounted to RMB 7.40 billion, representing a 20.0% year-on-year rise. In 2023, the company's net cash flows from operating activities reached RMB 17.41 billion, a year-over-year increase of 129.7%, with total cash dividends proposed to be distributed accounting for 35.0% of the net profit attributable to the holders of ordinary shares of the listed company. In 2023, amidst a challenging external landscape, ZTE demonstrated precision and pragmatism, maintaining steady operations. With

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BAP partners with Cisco to Strengthen Cybersecurity Skills in the Philippines' Banking Sector

The Bankers Association of the Philippines (BAP) and Cisco, a worldwide leader in technology, have partnered to provide cybersecurity training to the commercial banking sector through Cisco’s Country Digital Acceleration Program in the Philippines, UGNAYAN 2030. Banking professionals from across 13 of the leading banks in the country completed courses under the training program developed by Cisco Networking Academy, one of the world’s longest running IT skills-to-job program. The shift to digital for the banking sector and many others has rapidly expanded the threat landscape, with 8 in 10 (85%)1 of security leaders in the Philippines believing cybersecurity incidents are likely to disrupt their businesses over the next year. Data from the Philippines Cybercrime Investigation and Coordinating Center (CICC) has shown cybercrimes increasing by 152% and online scams tripling from 2022 to 2023. This has led to the growing importance of cybersecurity education, awareness, and training for

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Advanced Abilities Pioneers AI Integration into PH Healthcare

Advanced Abilities, an all-Filipino technology company and independent solutions aggregator, today introduced a line of products and services that are meant to enhance different local industries with the aid of technology. At the forefront is Smart Health Solutions which consists of AI-enabled devices that aim to enhance early detection and overall patient care. “The first step to disease prevention and proper treatment is quick, and readily-available access to proper healthcare. We have been working on this device alongside medical experts for the last couple of years, which is why today, we’re very proud to introduce our Smart Health Solutions, led by AI Smart Scan, a portable AI-driven x-ray system capable of detecting diseases at record speed, and serve more patients within a shorter turnaround time,” shared Angelo Antonio “AA” Buendia, CEO and President of Advanced Abilities. AI Smart Scan is a portable and AI-driven x-ray system capable of detecting 32 pathologies and/or condit

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Fortinet Converges 5G Dual Modem, AI-Powered Security, and Zero Trust to Securely Connect and Protect Operational Technology

Fortinet, the global cybersecurity leader driving the convergence of networking and security, today announced a new compact, ruggedized appliance explicitly built to deliver enhanced secure networking capabilities and 5G connectivity to operational technology (OT) environments. Backed by the latest, fifth-generation Fortinet Security Processing Unit (SP5), the FortiGate Rugged 70G with 5G Dual Modem provides unparalleled networking performance, cutting-edge FortiGuard AI-Powered Security Services, and high availability through a 5G dual modem to address a variety of use cases in harsh, remote environments, including full-service remote ATMs within the banking industry. “Organizations across a variety of verticals increasingly require a fast, reliable, and secure networking architecture in remote locations and harsh environments. Unfortunately, it can often be complicated and costly to bring these types of networks online,” said John Maddison, Chief Marketing Officer and EVP, Product S

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Kingston Technology Tops Channel SSD Market Share for 2023

Kingston Technology, a world leader in memory products and technology solutions, today announced it has once again closed out a successful year maintaining the No. 1 spot QoQ. This consistent performance has resulted in securing a 23.8% market share in the channel SSD market for 2023. Data gathered by TRENDFOCUS confirmed Kingston as the number one client SSD vendor in the channel for unit market share, with 27.4 million client SSDs shipped in 2023. Q4 alone saw Kingston’s client SSD market share at 21.3% and 5.7 million units shipped. Continued effort in the development of high-quality client drives like NV2, two options of Kingston FURY Renegade SSD, and KC3000 provide PCIe 4.0 NVMe solution for all, from the novice upgrader to power user who requires more from their system. Additionally in 2023, Kingston expanded its varied product lineup with XS1000 external and DC600M enterprise class SSDs. Kingston offers its customers unrivaled best in class support, service, and reliability

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Skyro Reports Strong 2023 Performance, Expected to Triple in 2024 as it Expands Digital Financial Offerings for Filipinos

Skyro, a fast-growing fintech provider in the Philippines, continues its commitment to transform the local financial landscape by delivering accessible and affordable digital financial solutions to Filipinos. Skyro is committed to empowering more Filipinos by offering a range of digital consumer finance products such as product loans, cash loans, and other lending products designed to meet the diverse financial needs of Filipino consumers. These solutions offer a streamlined process, competitive rates, and diverse payment options, providing customers with flexibility and convenience. Achievements and Business Performance in 2023 In just under two years since its inception as a fintech startup, Skyro has achieved significant milestones and business performance in the fintech industry by the end of last year. Skyro has recorded significant growth in both applications and usage as it gains traction among new markets and diverse user groups. Notably, in 2023 alone, Skyro achieved an av

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Epson Introduces the POS TM-T88VII to Deliver Speed and Versatility That Allows Your Business to Run More Efficiently

Epson, a global technology pioneer behind leading POS solutions in the market, announced an addition to its POS printer line-up with the TM-T88VII. Capable of high-speed printing, enhanced versatility, and reliable performance, the new TM-T88VII allows for increased productivity to optimize business operations. It also allows for easy POS integration with features such as Server Direct Print, multiple language support, and the availability of a comprehensive Software Development Kit (SDK) which enables easy customization based on user needs. A New Definition of Reliability Now with enhanced printing speeds of up to 500mm/s, the TM-T88VII is 1.4 times faster than its predecessor the TM-T88VI – all while delivering clear and accurate prints. In addition, enjoy quiet printing at 52 dB, which is 3 dB quieter than its predecessor, making it a boon for usage in quiet environments. And with an auto cutter life of up to three million cuts, businesses can operate smoothly with reduced maintenan

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Addressing the Philippines' 2024 Threat Landscape: Kaspersky Launches KUMA Platform

To help Filipino businesses and organizations stay safe in cyberspace while embracing digitalization, Kaspersky announces today the launch of Kaspersky Unified Monitoring and Analysis Platform (KUMA), its integrated software solution that includes a set of functions for security information and event monitoring and management. The Philippines is expected to continue its double-digit growth towards $35B by 2025, based on a report released by Google, Temasek and Bain & Company. The projected high growth is seen to be fueled generally by e-commerce and the anticipated rise in the consumption of products and services across sectors of the digital economy. Amid the positive economic forecast though, the country still faces the ongoing risk of phishing and cyberattacks which continue to affect every Filipino organization and individual. In Kaspersky's 2024 threat forecast in the Southeast Asian region, which includes the Philippines, experts predict that financial service outages, DDoS at

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TCS Sustainathon Philippines 2023: Students’ Gathertz! Clinches Grand Prize

Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS) announced the winners of the third edition of TCS Sustainathon Philippines are Gathertz! from Ateneo de Manila University, Questify and Career Catalysts from Saint Louis University, respectively. The event and prize presentation ceremony was graced by Guest of Honour, Ms. Vivian S. Santos, Deputy Director General for Operations of the Philippine Economic Zone Authority (PEZA). TCS Sustainathon aims to inspire and empower young minds to solve real-world environmental and societal challenges through technology. This year, addressing challenge statements issued by the challenge partners from Converge ICT Solutions, Inc., SAP, Alaska Milk Corporation, and Universal Robina Corporation under the theme of ‘Empowering Women in STEM’, TCS Sustainathon Philippines received thirty five proposal submissions from tertiary level students from pre-university to university cohorts. The finals saw 10 shortlisted teams presenting innovative and c

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PH National Cancer Summit 2024 Spotlights NICCA’s Pivotal Role in Cancer Prevention

The 2024 Philippine National Cancer Summit (PNCS) marked a pivotal moment in the nation's fight against cancer, spotlighting the transformative potential of the National Integrated Cancer Control Act (NICCA) in enhancing early detection, diagnosis, and treatment. Cancer continues to be a significant public health issue, contributing to 7.84% of the country's disease burden and ranking as the third highest cause of Disability-Adjusted Life Years (DALY). Breast cancer is the most common among women, accounting for 31.4% of cases, while lung cancer is the most prevalent and deadliest among men, with 19.5% of cases. Against the backdrop of these daunting statistics, the two-day summit, themed “Advancing Integrated Cancer Care Systems for the Filipino,” offered new hope and direction, aligning with the goals of the NICCA. Enacted on February 14, 2019, the NICCA provides a comprehensive framework to ensure the availability of quality and affordable cancer care services, aiming to improve

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