Latest news with #Incentive
Borneo Post
a day ago
- Business
- Borneo Post
Sabah poised to become leading MICE tourism hub
Liew (centre) with Dr Rosmawati (right) and SICC Assistant Director of Corporate Communications, Clara Lim (left) displaying their promotional material. KOTA KINABALU (July 31): Tourism, Culture and Environment Minister Datuk Seri Christina Liew is confident that Sabah will fully unleash its potential as a leading destination for Business Events (BE) or Meeting, Incentive, Convention & Exhibition (MICE) tourism. She said going by the relentless efforts made by the Sabah International Convention Centre (SICC), Sabah is on the right track towards reaching this milestone in the not too distant future. 'We (Ministry of Tourism, Culture and Environment) fully support the SICC-organised BIGSABAH Sale 2025 from October 31 to November 2, given its role in driving domestic tourism, empowering local entrepreneurs, and elevating Sabah's profile in the regional economic landscape. 'I understand that the event will feature 500 booths, up from 300 in 2024, and is expected to attract 50,000 visitors,' Liew said after a courtesy call by the Chief Executive Officer of SICC, Datuk Dr Hajah Rosmawati Haji Lasuki on Tuesday. The minister also noted that Sabah through the SICC is strengthening regional ties ahead of the event with expanded international participation. In her briefing, Dr Rosmawati, who is the event organising chairman, stressed that BIGSABAH Sale 2025 aims to further strengthen Sabah's positioning as the gateway to East ASEAN and the Asia Pacific region. Towards this end, for the first time, a curated B2B component will also be introduced for participants to create meaningful trade connections and unlock regional opportunities, she said. 'Which is why we are focusing on the 80 million population of the BIMP-EAGA (Brunei Darussalam-Indonesia-Malaysia-Philippines-East ASEAN Growth Area) region. Sabah can serve as a platform for these countries and other regions to promote their products and services. 'In this respect, we are stimulating growing international interest by extending invitations to other countries, including China, the Philippines, Singapore, and Taiwan, to take part in this year's event. 'We are pleased to confirm that Thailand is committed to participating with 20 booths,' the organising chairman said, while enlightening the minister on the momentum gained from her recent promotional visits to Brunei and Indonesia, along with outreach efforts across Penang, Kedah, Perlis, Selangor and Kuala Lumpur, to build regional participation and connect businesses to Sabah's growing marketplace. To be spread across two themed zones, Gourmet & Home Living and Decor (Level 2) and Fashion & Lifestyle (Level 4), BIGSABAH Sale 2025 promises an immersive showcase of culture, commerce, cuisine, fashion, and collaboration, Dr Rosmawati added.
Business Wire
11-07-2025
- Business
- Business Wire
CORRECTING and REPLACING Varicent and ServiceNow Join Forces to Power the Next Generation of Revenue Execution
TORONTO--(BUSINESS WIRE)--Please replace the release dated July 8, 2025 with the following corrected version due to multiple revisions. 'Together, ServiceNow CRM and Varicent SPM give CROs and RevOps leaders the real-time intelligence and automation they need to align strategy to execution and accelerate growth.' The updated release reads: Varicent, the leader in Sales Performance Management (SPM), today announced a collaboration with ServiceNow to integrate Varicent's enterprise-grade Sales Planning and Incentive Compensation solutions into the ServiceNow Customer Workflows ecosystem. This integration enables lead, customer, opportunity, and sales activity data from ServiceNow's CRM to flow seamlessly into the Varicent platform. The partnership gives revenue leaders long-awaited power to optimize territories, quotas, and incentive structures at enterprise scale, and to adjust plans rapidly when the market shifts. 'Our partnership with Varicent is a strategic step in delivering smarter, more agile go-to-market operations for our customers,' said Anandan Jayaraman, Vice President of Product Management, CRM and Industry Workflows at ServiceNow. 'Together, ServiceNow CRM and Varicent SPM give CROs and RevOps leaders the real-time intelligence and automation they need to align strategy to execution and accelerate growth.' ServiceNow already uses Varicent to power its own global incentive compensation programs internally. This is further validation that the platform handles complexity at scale, with the flexibility to evolve as needs change. 'I've worked with many platforms, but what stood out about Varicent was the flexibility, the service, and the ability to evolve with our needs,' said Rick Butler, Vice President of Compensation at ServiceNow. 'Whether it's adapting plans mid-year, integrating with our own workflows, or getting hands-on support, the experience has been outstanding. It's built for the complexity of modern compensation teams.' This partnership builds on Varicent's recognition as a Leader in The Forrester Wave™: Sales Performance Management Solutions for Incentive Compensation, Q1 2025. It further strengthens Varicent's position as the only fully integrated SPM platform on the market—one that combines Sales Planning, Incentive Compensation, and Performance Optimization in a single AI-powered solution. 'The age of disconnected sales systems is over,' said Jason Loh, Chief Growth Officer at Varicent. 'This partnership fuses two category leaders to deliver a unified revenue operating system for the enterprise. We're solving for scale, complexity, and strategic control, where it actually matters. CROs need more than visibility. They need actionability.' Available by Q4 2025 in the ServiceNow Store, the joint solution will help customers: Automate sales territory and quota modeling using real-time CRM data Align compensation plans with GTM strategy through scenario-based planning Reduce manual errors and speed up payout cycles Improve seller performance and increase quota attainment With over 20 years of SPM leadership, and deep collaboration with customers like Cisco, Siemens, T-Mobile, and United Rentals, Varicent brings enterprise-grade experience to this new partnership. In joining forces with ServiceNow, Varicent is doubling down on its commitment to redefining how global teams plan, execute, and optimize their revenue operations. Availability: The integrated solution will be available through the ServiceNow Store by Q4 2025. Early access is open for select customers. About Varicent™ Varicent delivers market-leading SaaS software solutions that empower revenue leaders to drive growth. Its solutions are designed to help customers design, amplify, and optimize go-to-market strategies that create a connected path to revenue. Organizations worldwide leverage Varicent's solutions to set smart goals and territories that maximize revenue potential, use AI-driven insights to make proactive commercial decisions, and create incentive programs that amplify the sales strategy and achieve revenue goals. To learn more about Varicent, visit Varicent, Varicent and design, and Symon are trademarks or registered trademarks of Varicent in the USA, Canada, and other countries. ServiceNow, the ServiceNow logo, Now, Now Platform, and other ServiceNow marks are trademarks and/or registered trademarks of ServiceNow, Inc. in the United States and/or other countries
Time of India
10-07-2025
- Business
- Time of India
India's rare earth ambitions get a boost with big industry backing
India is moving ahead with a strategic incentive plan aimed at bolstering domestic manufacturing of rare-earth magnets , a critical component for electric vehicles (EVs), wind turbines, and other green technologies. The proposed scheme, with an estimated outlay of up to ₹2,500 crore (around $290 million), has already attracted preliminary interest from major industrial players, according to sources familiar with the matter told Bloomberg . The policy draft is expected to be submitted to the Union Cabinet for approval soon. While the final contours of the plan, including financial allocations, are still under review and could undergo changes, the move signals a significant shift in India's approach to securing critical mineral supply chains . Who all are interested? Mining conglomerate Vedanta Group , led by Anil Agarwal, JSW Group under Sajjan Jindal, and leading EV component manufacturer Sona BLW Precision Forgings are among the companies expressing early interest in participating in the initiative. The programme seeks to reduce India's heavy dependence on China, which currently dominates nearly 90 per cent of global rare earth processing and magnet production. India's urgency to promote domestic capacity has grown in the wake of China's decision to tighten export controls on rare earths amid escalating trade tensions with the United States. These curbs have disrupted global supply chains, particularly for the automobile industry, which relies on rare-earth magnets for EV motors and hybrid drivetrains. The proposed Production-Linked Incentive (PLI)-style framework is expected to support investments in mining, refining, and manufacturing of permanent magnets, and could help catalyse India's ambitions to become a competitive global supplier of critical materials. If implemented, the scheme could not only boost India's self-reliance in advanced manufacturing but also attract global partners looking to diversify away from Chinese-dominated supply chains.
Yahoo
03-06-2025
- Business
- Yahoo
Dream Unlimited Corp. Announces Voting Results of Annual Meeting of Shareholders
TORONTO, June 03, 2025--(BUSINESS WIRE)--DREAM UNLIMITED CORP. (TSX: DRM) ("Dream") announced that, at its annual meeting of shareholders (the "Meeting") held today, all of the nominees for election of directors of Dream (the "Board") referred to in its management information circular for the Meeting were elected. Votes cast on this matter were as follows: Nominee Votes For % Votes For Votes Withheld % Votes Withheld Michael Cooper 188,217,072 99.30 1,326,923 0.70 James Eaton 189,452,984 99.95 91,011 0.05 Joanne Ferstman 189,383,492 99.92 160,503 0.08 Richard Gateman 189,321,170 99.88 222,825 0.12 Jane Gavan 189,269,538 99.86 274,457 0.14 Duncan Jackman 183,001,359 96.55 6,542,636 3.45 Jennifer Lee Koss 189,381,150 99.91 162,845 0.09 Vincenza Sera 188,076,484 99.23 1,467,511 0.77 At the Meeting, PricewaterhouseCoopers LLP was appointed as the auditor of Dream and its subsidiaries for the ensuing year, and the Board was authorized to fix the remuneration of the auditor. Votes cast on this matter were as follows: Votes For % Votes For Votes Withheld % Votes Withheld PricewaterhouseCoopers LLP 189,952,485 99.94 109,318 0.06 At the Meeting, shareholders approved a resolution amending Dream's deferred share incentive plan to increase the number of deferred share units and income deferred share units that may be granted or credited under the plan by a further 300,000 units. Votes cast on this matter were as follows: Votes For % Votes For Votes Against % Votes Against Amendment to Deferred Share Incentive Plan 183,196,447 96.65 6,347,548 3.35 About Dream Unlimited Corp. Dream has an established and successful asset management business, inclusive of $28 billion of assets under management as at March 31, 2025 across four Toronto Stock Exchange listed trusts, our private asset management business and numerous partnerships. We are a leading developer of exceptional real estate assets across Canada and Europe, including income properties that will be held for the long term as they are completed. We also develop land for sale in Western Canada. Dream has a proven track record for being innovative and for our ability to source, structure and execute on compelling investment opportunities. For more information, please visit our website at View source version on Contacts For further information, please contact: Dream Unlimited Corp. Meaghan PelosoChief Financial Officer(416) 365-6322mpeloso@ Kim LefeverDirector, Investor Relations(416) 365-6339klefever@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time of India
28-05-2025
- Business
- Time of India
India's semiconductor ambitions: Bridging the gap with the US
Live Events I ndia Semiconductor Mission (ISM): A $10 billion program aimed at establishing a comprehensive semiconductor ecosystem, focusing on domestic chip design, fabrication, and R&D capabilities. [ A $10 billion program aimed at establishing a comprehensive semiconductor ecosystem, focusing on domestic chip design, fabrication, and R&D capabilities. [ Production-Linked Incentive (PLI) Scheme: Offers financial incentives to companies establishing chip fabrication units in India, aiming to attract global players and boost domestic manufacturing. Offers financial incentives to companies establishing chip fabrication units in India, aiming to attract global players and boost domestic manufacturing. Chips to Startup (C2S) Programme: Launched in 2021, this initiative seeks to train 85,000 engineers across 113 institutions in VLSI and embedded system design by 2027, addressing the critical need for skilled professionals. Launched in 2021, this initiative seeks to train 85,000 engineers across 113 institutions in VLSI and embedded system design by 2027, addressing the critical need for skilled professionals. These efforts are complemented by significant investments from global corporations. For instance, U.S.-based Lam Research plans to invest over $1 billion in Karnataka to boost India's semiconductor ecosystem, aligning with the government's vision to expand the industry. [ Infrastructure deficits: Semiconductor fabrication requires advanced infrastructure, including uninterrupted power and water supply, cleanroom environments, and specialised equipment. India's current infrastructure falls short, as evidenced by delays in projects like the Vedanta-Foxconn initiative due to inadequate facilities. Semiconductor fabrication requires advanced infrastructure, including uninterrupted power and water supply, cleanroom environments, and specialised equipment. India's current infrastructure falls short, as evidenced by delays in projects like the Vedanta-Foxconn initiative due to inadequate facilities. Skilled workforce shortage: While India produces approximately 600,000 engineering graduates annually, only a small fraction are job-ready for the semiconductor industry, particularly for fabrication-specific roles. This gap underscores the need for specialised training programs and industry-academia collaborations. While India produces approximately 600,000 engineering graduates annually, only a small fraction are job-ready for the semiconductor industry, particularly for fabrication-specific roles. This gap underscores the need for specialised training programs and industry-academia collaborations. Supply chain dependencies: India remains heavily reliant on imports for semiconductor components, exposing it to geopolitical risks and supply chain disruptions. Developing a resilient domestic supply chain is imperative for long-term sustainability. [ Enhancing infrastructure : Investments in state-of-the-art facilities, reliable utilities, and logistical support are crucial to attract and retain semiconductor manufacturers. : Investments in state-of-the-art facilities, reliable utilities, and logistical support are crucial to attract and retain semiconductor manufacturers. Strengthening education and training : Expanding programs like C2S and fostering partnerships between academia and industry can cultivate a skilled workforce tailored to the industry's needs.[ : Expanding programs like C2S and fostering partnerships between academia and industry can cultivate a skilled workforce tailored to the industry's needs.[ Encouraging research and innovation : Increasing R&D spending and promoting innovation through grants and incentives can position India as a hub for semiconductor research. : Increasing R&D spending and promoting innovation through grants and incentives can position India as a hub for semiconductor research. Building strategic alliances: Collaborating with global leaders and participating in initiatives like the United States–India Initiative on Critical and Emerging Technology (iCET) can facilitate technology transfer and joint ventures. [ As the global semiconductor industry undergoes rapid transformation, India stands at a pivotal juncture, poised to redefine its role in this critical sector. While the United States maintains a strong position with its robust infrastructure and significant investments, India's strategic initiatives and burgeoning talent pool signal a determined stride toward establishing itself as a formidable US semiconductor industry, valued at approximately $250 billion in 2025, commands nearly 47% of the global market share in design and manufacturing. This presence is underpinned by substantial investments exceeding $200 billion since 2020, bolstered by the CHIPS and Science Act, which allocates $52 billion to rejuvenate domestic semiconductor manufacturing and reduce reliance on Asian supply chains.[ In contrast, India's semiconductor market, though smaller at $54 billion, is projected to double to $108 billion by 2030. India's strength lies in its design capabilities, contributing 20% of the global semiconductor design workforce. However, it currently holds a mere 0.1% of global wafer fabrication capacity, highlighting a significant gap in manufacturing infrastructure. [ /]Recognising the strategic importance of semiconductors, the Indian government has launched several initiatives:Despite these initiatives, India faces several challenges:To bridge the gap with global leaders, India must adopt a multifaceted approach:India's journey in the semiconductor domain is marked by ambition and potential. While challenges persist, strategic initiatives, coupled with global collaborations and a focus on infrastructure and skill development, can propel India toward becoming a significant player in the global semiconductor landscape. The road ahead requires concerted efforts from the government, industry, and academia to realize this vision.
