Indonesia‘s parliament passed into law on Tuesday a personal data protection bill that includes corporate fines and up to six years imprisonment for those found to have mishandled data in the world’s fourth most populous country. The bill’s passage comes after a series of data leaks and probes into alleged breaches at government firms and institutions in Indonesia, from a state insurer, telecoms… Continue reading Indonesia passes long-anticipated law on personal data protectionThe law stipulates corporate fines and six years imprisonment for mishandling data.
Category: Automotive
SG infrastructure investor Seraya launches $1b offshore wind farm vessel platform
Singapore-based infrastructure investor Seraya Partners has launched wind farm vessel company Cyan Renewables with the goal to own and operate a $1-billion portfolio over the next three years, it said in a statement. The newly-established platform will own, operate and lease vessels across the offshore wind farm value chain, including crew transfer vessel, service operation… Continue reading SG infrastructure investor Seraya launches $1b offshore wind farm vessel platform
People Digest: Hamilton Lane appoints SG lead; JPMorgan gets senior country officer for SG; Thunes names chief people officer
Hamilton Lane has named Kerrine Koh to lead its Singapore, JPMorgan Chase & Co has anointed Wai Mei Hong as senior country officer for the city-state while Thunes has appointed a chief people officer. Hamilton Lane appoints SG office head Nasdaq-listed global alternative asset manager Hamilton Lane announced that it has expanded its presence in Singapore… Continue reading People Digest: Hamilton Lane appoints SG lead; JPMorgan gets senior country officer for SG; Thunes names chief people officer
Advent buys majority interest in Chinese bakery chain Wagas
US-based buyout firm Advent International has acquired a 60% interest in Chinese healthy food and bakery chain Wagas from its founding shareholders for an undisclosed amount, according to a press statement. Wagas, which had been looking to offload its business since last year, was reportedly looking to hit nearly $1.2 billion yuan ($188 million) in… Continue reading Advent buys majority interest in Chinese bakery chain Wagas
PE giant TPG set to hit first close of new Asia fund at over $3b
US private equity firm TPG Inc is set to reach the first close of its new Asia-focused fund at more than $3 billion, two people with direct knowledge of the matter told Reuters. TPG kicked off fundraising of its eighth private equity fund for the region in January, targeting $6 billion, the company said during its March earnings… Continue reading PE giant TPG set to hit first close of new Asia fund at over $3b
@FCA: Jeep® Returns to Rebelle Rally, Set to Defend Overall, Electrified and Bone Stock Titles Won Last Year
September 20, 2022 , Auburn Hills, Mich. – The Jeep® brand, coming off a clean sweep of the podium at the 2021 Rebelle Rally, is back in force this year, supporting three teams in this year’s competition. Covering more than 1,500 grueling off-road miles over eight days in the harsh deserts of Nevada and California, the… Continue reading @FCA: Jeep® Returns to Rebelle Rally, Set to Defend Overall, Electrified and Bone Stock Titles Won Last Year
World premiere at InnoTrans 2022: Sustainable urban mobility for tomorrow with Ubility One
New family of seats for bus and rail addresses the needs of passengers, mobility providers and society Ultra-lightweight construction in a sustainable design: small ecological footprint thanks to large potential for carbon reduction, recyclability and circular readiness Grammer AG, September 20, 2022 – At InnoTrans in Berlin from September 20 to 23, 2022, Grammer will… Continue reading World premiere at InnoTrans 2022: Sustainable urban mobility for tomorrow with Ubility One
Toyoda Gosei Puts Cellulose Nanofiber-Reinforced Plastic for Automotive Parts Into Practical Application
KIYOSU, Japan–(BUSINESS WIRE)–Toyoda Gosei Co., Ltd. (TOKYO:7282) has applied a cellulose nanofiber (CNF)-reinforced plastic it developed for interior and exterior automotive products to make lightweight containers. These containers are used in one of its manufacturing plants from September. The company will accumulate records on usage of the material with a view toward future application of… Continue reading Toyoda Gosei Puts Cellulose Nanofiber-Reinforced Plastic for Automotive Parts Into Practical Application
Cummins QSK95 Engine Proven Fully Compatible With Renewable Diesel
INDIANAPOLIS–(BUSINESS WIRE)–Cummins Inc. (NYSE: CMI) is pleased to announce that its popular Tier 4 QSK95 engine can be safely used with renewable diesel, without any negative impact to its current EPA emission requirements or reliability. “Cummins is ready to assist customers on the decarbonization journey. By working together, we can effect change for today’s climate… Continue reading Cummins QSK95 Engine Proven Fully Compatible With Renewable Diesel
Allison Expands eGen Power® Family of Electric Axles to Provide Additional Offering for European and Asia Pacific Markets
INDIANAPOLIS–(BUSINESS WIRE)–Allison Transmission, a leading designer and manufacturer of conventional, electric hybrid and fully electric vehicle propulsion solutions, announced the new eGen Power® 130S, the latest product to be introduced to the company’s eGen Power family of fully electric axles, this week at IAA Transportation in Hanover, Germany. Key components of the 130S including the… Continue reading Allison Expands eGen Power® Family of Electric Axles to Provide Additional Offering for European and Asia Pacific Markets