Latest news with #EricWong
Barnama
15-07-2025
- Business
- Barnama
Prudential Unveils Pruelite Flex To Build Wealth And Support Legacy Planning
KUALA LUMPUR, July 15 (Bernama) -- Prudential Assurance Malaysia Berhad (PAMB) has launched PRUElite Flex, a first-in-market insurance solution designed to help Malaysians build wealth, secure a steady retirement income and transfer assets effortlessly to the next generation. The plan offers a guaranteed annual payout, FlexIncome, up to age 100, along with a lump sum maturity benefit of up to 1,500 percent of the annual premium. Customers have the flexibility to receive their payouts in cash, reinvest them in professionally managed funds, or choose a combination of both. Meanwhile, PAMB Chief Marketing and Partnerships Distribution Officer Eric Wong said PRUElite Flex meets Malaysians' evolving financial needs while supporting legacy planning through its innovative Policy Split Option feature. 'As Malaysians increasingly live longer, they're rethinking how they shape their futures and their families' futures. They want financial solutions that grow with them, adapt to their changing needs, and help them leave a meaningful legacy. 'What truly sets PRUElite Flex apart is its Policy Split Option, a pioneering feature in Malaysia that allows customers to split their original policy into multiple individual policies, enabling a seamless and structured transfer of wealth to children, grandchildren or other loved ones across generations,' added Wong. PAMB noted that Malaysia is on track to become an aged society by 2040, with 14.5 percent of the population expected to be 65 and older. This demographic shift, combined with rising life expectancy, signals the need for more forward-looking financial strategies. 'Longer life expectancy and shifting family dynamics mean Malaysians are no longer planning just for a fulfilling retirement, but also thinking ahead for their children, grandchildren and beyond. 'Many are finding that traditional financial solutions have not kept pace with these evolving needs. As a result, families and individuals alike are left navigating how best to grow, protect and transfer wealth across lifetimes,' said Wong.
South China Morning Post
24-05-2025
- General
- South China Morning Post
Hong Kong charity stages disco to help neurodiverse adults feel ‘what it's like to party'
Eric Wong Hok-pan loves buses. He is familiar with many of the routes in his home city of Hong Kong and knows what year some vehicles were built. Wong is particularly passionate about vintage buses – especially when it comes to photographing them. 'This one is old, built in 1998,' says Wong, proudly showing off his vast collection of bus photos on his Samsung Galaxy smartphone. Wong's hobby recently took a bad turn when he was bullied by a group of teenage boys while photographing his favourite subjects. Eric Wong Hok-pan and his mother, Amy Chung, at Hong Kong charity Love 21 Foundation's headquarters in San Po Kong. Photo: Kylie Knott Wong has Down's syndrome, a genetic condition caused by unusual cell division resulting in an extra copy of chromosome 21 that affects appearance and the ability to learn. It was not Wong's first experience with bullying, but the abuse left him traumatised and dampened his enthusiasm for photography.
Associated Press
29-04-2025
- Business
- Associated Press
Asia Pacific's AI Ambitions Hinge on Next-Generation Networks, Reveals IDC Report
SINGAPORE - Media OutReach Newswire - 29 April 2025 – A new IDC InfoBrief* commissioned by Expereo shows Asia Pacific (APAC) businesses pursuing artificial intelligence (AI) strategies are facing a critical turning point. The IDC InfoBrief, sponsored by Expereo, 'Enterprise Horizons 2025: Technology Leaders Priorities: Achieving Digital Agility', highlights that limitations in current network infrastructure are a significant barrier to realizing AI's transformative potential in the region. However, these findings also present an opportunity for APAC organizations as they strive to maintain their competitive edge in the AI-driven economy. This IDC InfoBrief, based on a survey of 650 technology leaders across Europe, the US and APAC, opens with a striking finding: Networking/Connectivity has emerged as the top technology priority for APAC organizations, with 43% of those surveyed planning increased investment in this area over the next 12 months. This surge in network investment shows companies now recognize that strong, flexible connectivity is fundamental for AI success. APAC businesses realize that their AI ambitions will be held back if their underlying network infrastructure cannot adequately manage the demands of AI workloads. However, the report also delivers a stark reality: 94% of companies surveyed report that their networks limit their ability to run large data and AI projects. This alarming statistic highlights a significant disconnect between APAC's AI ambitions and the reality of their existing network capabilities. Organizations find that their current networks lack the agility, capacity, and performance necessary to support the intensive demands of AI, effectively creating a bottleneck that can result in lost productivity, increased costs, and missed business opportunities. 'This prioritization of networking reflects a critical shift in perspective. APAC businesses understand that AI success depends on the ability to move data, connect systems, and deliver applications with speed and reliability,' says Eric Wong, President of Asia Pacific, Expereo. 'With 9 out of 10 companies in APAC see their networks as a limiting factor, organizations must embrace more dynamic and agile solutions that can adapt to the evolving demands of AI. APAC has the ambition to lead in AI, but network infrastructure is the key to unlocking that potential. Organizations that prioritize network modernization will lead in the AI-driven future.' Additional takeaways from the IDC InfoBrief include: 1. Half of the surveyed companies face financial losses from unreliable, outdated networks. This finding highlights the vulnerability of APAC businesses to network disruptions, which can have a cascading effect on AI-driven operations. In an AI-centric world, where applications are often mission-critical, network downtime can lead to significant revenue loss, damage to reputation, and erosion of customer trust. 2. Critical network improvements increasingly outsourced to partners. As networks grow more complex and skilled talent becomes scarcer, APAC organizations are turning to managed service providers for expertise and support. This trend underscores the importance of collaboration and highlights the value of partnering with experienced providers that can help businesses navigate the complexities of network transformation. 3. Networks and connectivity must improve sustainability impact to maintain competitive advantage. APAC, with its focus on sustainable development, faces a unique challenge and opportunity. Modernizing network infrastructure can help contribute to sustainability goals by improving energy efficiency, reducing carbon emissions, and supporting environmentally responsible business practices. For the full *IDC InfoBrief, Enterprise Horizons 2025: Technology Leaders Priorities: Achieving Digital Agility, doc #EUR253271325, March 2025, please visit: Hashtag: #Expereo The issuer is solely responsible for the content of this announcement. About Expereo Expereo is a world-leading Managed Network as a Service provider that connects people, places, and things anywhere. Solutions include Global Internet, SD-WAN/SASE, and Enhanced Internet. With an extensive global reach, Expereo is the trusted partner of 60% of Fortune 500 companies. It powers enterprise and government sites in more than 190 countries, with the ability to connect to any location worldwide, working with over 2,300 partners to help customers improve productivity and empowering their networks and cloud services with the agility, flexibility, and value of the Internet, with optimal network performance. Expereo was acquired in Feb 2021, by Vitruvian Partners which acquired a majority shareholding from Seven2.
Zawya
29-04-2025
- Business
- Zawya
Asia Pacific's AI Ambitions Hinge on Next-Generation Networks, Reveals IDC Report
SINGAPORE - Media OutReach Newswire - 29 April 2025 – A new IDC InfoBrief* commissioned by Expereo shows Asia Pacific (APAC) businesses pursuing artificial intelligence (AI) strategies are facing a critical turning point. The IDC InfoBrief, sponsored by Expereo, "Enterprise Horizons 2025: Technology Leaders Priorities: Achieving Digital Agility", highlights that limitations in current network infrastructure are a significant barrier to realizing AI's transformative potential in the region. However, these findings also present an opportunity for APAC organizations as they strive to maintain their competitive edge in the AI-driven economy. This IDC InfoBrief, based on a survey of 650 technology leaders across Europe, the US and APAC, opens with a striking finding: Networking/Connectivity has emerged as the top technology priority for APAC organizations, with 43% of those surveyed planning increased investment in this area over the next 12 months. This surge in network investment shows companies now recognize that strong, flexible connectivity is fundamental for AI success. APAC businesses realize that their AI ambitions will be held back if their underlying network infrastructure cannot adequately manage the demands of AI workloads. However, the report also delivers a stark reality: 94% of companies surveyed report that their networks limit their ability to run large data and AI projects. This alarming statistic highlights a significant disconnect between APAC's AI ambitions and the reality of their existing network capabilities. Organizations find that their current networks lack the agility, capacity, and performance necessary to support the intensive demands of AI, effectively creating a bottleneck that can result in lost productivity, increased costs, and missed business opportunities. "This prioritization of networking reflects a critical shift in perspective. APAC businesses understand that AI success depends on the ability to move data, connect systems, and deliver applications with speed and reliability," says Eric Wong, President of Asia Pacific, Expereo. "With 9 out of 10 companies in APAC see their networks as a limiting factor, organizations must embrace more dynamic and agile solutions that can adapt to the evolving demands of AI. APAC has the ambition to lead in AI, but network infrastructure is the key to unlocking that potential. Organizations that prioritize network modernization will lead in the AI-driven future." Additional takeaways from the IDC InfoBrief include: 1. Half of the surveyed companies face financial losses from unreliable, outdated networks. This finding highlights the vulnerability of APAC businesses to network disruptions, which can have a cascading effect on AI-driven operations. In an AI-centric world, where applications are often mission-critical, network downtime can lead to significant revenue loss, damage to reputation, and erosion of customer trust. 2. Critical network improvements increasingly outsourced to partners. As networks grow more complex and skilled talent becomes scarcer, APAC organizations are turning to managed service providers for expertise and support. This trend underscores the importance of collaboration and highlights the value of partnering with experienced providers that can help businesses navigate the complexities of network transformation. 3. Networks and connectivity must improve sustainability impact to maintain competitive advantage. APAC, with its focus on sustainable development, faces a unique challenge and opportunity. Modernizing network infrastructure can help contribute to sustainability goals by improving energy efficiency, reducing carbon emissions, and supporting environmentally responsible business practices. For the full *IDC InfoBrief, Enterprise Horizons 2025: Technology Leaders Priorities: Achieving Digital Agility, doc #EUR253271325, March 2025, please visit: Hashtag: #Expereo The issuer is solely responsible for the content of this announcement. About Expereo Expereo is a world-leading Managed Network as a Service provider that connects people, places, and things anywhere. Solutions include Global Internet, SD-WAN/SASE, and Enhanced Internet. With an extensive global reach, Expereo is the trusted partner of 60% of Fortune 500 companies. It powers enterprise and government sites in more than 190 countries, with the ability to connect to any location worldwide, working with over 2,300 partners to help customers improve productivity and empowering their networks and cloud services with the agility, flexibility, and value of the Internet, with optimal network performance. Expereo was acquired in Feb 2021, by Vitruvian Partners which acquired a majority shareholding from Seven2. Expereo
