Latest news with #ASCN
The Sun
3 days ago
- Business
- The Sun
Malaysia gears up to host ASEAN AI Summit, SE Asia's inaugural Smart City Expo
KUALA LUMPUR: Malaysia will host Smart City Expo Kuala Lumpur 2025 (SCEKL2025), Southeast Asia's first edition of the globally renowned Smart City Expo World Congress, and the ASEAN Summit on Artificial Intelligence (AI), showcasing its leadership in smart city development and addressing the impact of AI on urban futures. The ASEAN Summit on AI will take place from Aug 12 to Aug 13, while SCEKL2025 will be held from Sept 17 to Sept 19. Digital Minister Gobind Singh Deo said that, as the ASEAN Chair this year, Malaysia's hosting of SCEKL2025 reflected its commitment to shaping the future of urban innovation, not just for the nation but for the entire region. 'With both ecosystem and infrastructure in place, Malaysia is not only ready to host SCEKL25, we are ready to lead the development of AI Cities across ASEAN,' he told a press conference after officially launching the 100-day countdown to the SCEKL25 here today. Regarding the participation of ASEAN cities in the ASEAN Smart Cities Network (ASCN), Gobind said that greater uptake among different countries is definitely part of the ongoing conversation within ASEAN member countries. The ASCN is a collaborative platform where cities from the 10 ASEAN Member States work towards the common goal of smart and sustainable urban development. The ASCN was established in 2018 with 26 pilot cities, and it has since expanded to 34 cities. As the ASEAN chair, Gobind added that Malaysia is actively advancing the ASEAN Digital Economy Framework Agreement (DEFA), which aims to unlock US$2 trillion (US$1 = RM4.24) in digital economic potential by 2030 through cross-border investment, market access, and harmonised digital regulations. 'Hosting SCEKL25 is part of this broader leadership agenda. It positions Malaysia as a regional hub for smart city innovation, public-private collaboration, and inclusive digital development,' he added. SCEKL2025 is expected to bring together over 10,000 delegates, 300 exhibitors, and participants from more than 20 countries, serving as a platform for policy-to-project collaboration, investor engagement, technology showcases, and real-world urban solutions. 'We are proud to have the support of global brands such as Dell, Intel, Ericsson, and Huawei, as well as key associations including the Malaysia Smart Cities Alliance, Smart Cities Network, The Malaysian Industry-Government Group for High Technology, and the Malaysia PropTech Association,' the minister added.
The Sun
3 days ago
- Business
- The Sun
Malaysia gears up to host ASEAN AI Summit
KUALA LUMPUR: Malaysia will host Smart City Expo Kuala Lumpur 2025 (SCEKL2025), Southeast Asia's first edition of the globally renowned Smart City Expo World Congress, and the ASEAN Summit on Artificial Intelligence (AI), showcasing its leadership in smart city development and addressing the impact of AI on urban futures. The ASEAN Summit on AI will take place from Aug 12 to Aug 13, while SCEKL2025 will be held from Sept 17 to Sept 19. Digital Minister Gobind Singh Deo said that, as the ASEAN Chair this year, Malaysia's hosting of SCEKL2025 reflected its commitment to shaping the future of urban innovation, not just for the nation but for the entire region. 'With both ecosystem and infrastructure in place, Malaysia is not only ready to host SCEKL25, we are ready to lead the development of AI Cities across ASEAN,' he told a press conference after officially launching the 100-day countdown to the SCEKL25 here today. Regarding the participation of ASEAN cities in the ASEAN Smart Cities Network (ASCN), Gobind said that greater uptake among different countries is definitely part of the ongoing conversation within ASEAN member countries. The ASCN is a collaborative platform where cities from the 10 ASEAN Member States work towards the common goal of smart and sustainable urban development. The ASCN was established in 2018 with 26 pilot cities, and it has since expanded to 34 cities. As the ASEAN chair, Gobind added that Malaysia is actively advancing the ASEAN Digital Economy Framework Agreement (DEFA), which aims to unlock US$2 trillion (US$1 = RM4.24) in digital economic potential by 2030 through cross-border investment, market access, and harmonised digital regulations. 'Hosting SCEKL25 is part of this broader leadership agenda. It positions Malaysia as a regional hub for smart city innovation, public-private collaboration, and inclusive digital development,' he added. SCEKL2025 is expected to bring together over 10,000 delegates, 300 exhibitors, and participants from more than 20 countries, serving as a platform for policy-to-project collaboration, investor engagement, technology showcases, and real-world urban solutions. 'We are proud to have the support of global brands such as Dell, Intel, Ericsson, and Huawei, as well as key associations including the Malaysia Smart Cities Alliance, Smart Cities Network, The Malaysian Industry-Government Group for High Technology, and the Malaysia PropTech Association,' the minister added.
Yahoo
28-04-2025
- Business
- Yahoo
Ascom Holding (VTX:ASCN) Shareholders Will Want The ROCE Trajectory To Continue
Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key financial metrics. Typically, we'll want to notice a trend of growing return on capital employed (ROCE) and alongside that, an expanding base of capital employed. Ultimately, this demonstrates that it's a business that is reinvesting profits at increasing rates of return. So on that note, Ascom Holding (VTX:ASCN) looks quite promising in regards to its trends of return on capital. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. Return On Capital Employed (ROCE): What Is It? Just to clarify if you're unsure, ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business. To calculate this metric for Ascom Holding, this is the formula: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.073 = CHF7.6m ÷ (CHF190m - CHF86m) (Based on the trailing twelve months to December 2024). Thus, Ascom Holding has an ROCE of 7.3%. Ultimately, that's a low return and it under-performs the Healthcare Services industry average of 13%. View our latest analysis for Ascom Holding SWX:ASCN Return on Capital Employed April 28th 2025 Above you can see how the current ROCE for Ascom Holding compares to its prior returns on capital, but there's only so much you can tell from the past. If you'd like, you can check out the forecasts from the analysts covering Ascom Holding for free. The Trend Of ROCE Ascom Holding has broken into the black (profitability) and we're sure it's a sight for sore eyes. The company was generating losses five years ago, but has managed to turn it around and as we saw earlier is now earning 7.3%, which is always encouraging. On top of that, what's interesting is that the amount of capital being employed has remained steady, so the business hasn't needed to put any additional money to work to generate these higher returns. With no noticeable increase in capital employed, it's worth knowing what the company plans on doing going forward in regards to reinvesting and growing the business. After all, a company can only become a long term multi-bagger if it continually reinvests in itself at high rates of return. One more thing to note, Ascom Holding has decreased current liabilities to 45% of total assets over this period, which effectively reduces the amount of funding from suppliers or short-term creditors. So this improvement in ROCE has come from the business' underlying economics, which is great to see. Nevertheless, there are some potential risks the company is bearing with current liabilities that high, so just keep that in mind.
