24 June 2017

Bayara hits on brilliant digital engagement activity

Bayara, known for its dried fruits, nuts and spices in the Middle East, has organised an iftar (breaking of fast meal during Ramadhan) at The Oberoi, Dubai with a twist - the dishes on the buffet menu were created from recipes crowdsourced from their social media fans.

Source: Bayara. Jean-Marc Lourau, CEO of Bayara, congratulated the winners  whose dishes were featured at the buffet and also shared the progress that  Bayara has made over the last 25 years that they have been in the market.
Source: Bayara. Jean-Marc Lourau, CEO of Bayara, congratulated the winners
whose dishes were featured at the buffet and also shared the progress that
Bayara has made over the last 25 years that they have been in the market.
The invite-only iftar on June 21, 2017 took place at Nine7One restaurant at The Oberoi, Dubai. Fans and their families graced the iftar along with the management of Bayara and media personalities.

Bayara's Head of Marketing, Sylvain Joyau commented, "As a brand we have always focused on connecting with our fans and giving them the best. Driven by this passion, we came up with the idea of Social Iftar, an online-offline activity that helped us have a more intimate relationship with our customers. The event was a huge success only because of our fans and we would like to thank them for their support and love."

With a legacy of 25 years in the region, Bayara has been able to successfully build on the expertise and heritage of Gyma Food Industries, in manufacturing and distributing fast-moving consumer goods (FMCG) products across the Middle East and North Africa region. Bayara is looking forward to have many more social events for its fans in the near future to make it a brand that is Full of Life.

23 June 2017

Tableau 10.3 introduces data-driven alerts

Tableau Software, the global leader in visual analytics, has announced the general availability of Tableau 10.3. This release helps organisations achieve data-driven insights more quickly.

“Organisations want to do more with the vast data they have at their disposal,” said Francois Ajenstat, Chief Product Officer at Tableau. “It’s not just simple analysis our customers are looking seeking, it’s the power to unlock all of their data with ease and efficiency. With smart recommendations, customers can get to the right data faster than ever - without having to spend time finding the right tables and joins. And with proactive monitoring of key metrics through features like data driven alerts, they can take action immediately and be more agile.”

The upgraded software offers automated table and join* recommendations powered by machine learning algorithms. Tableau Server analyses aggregate data source usage to recommend popular tables and correlated data across the organisation. With recommendations, customers can save time by quickly identifying database tables that are relevant to their analysis and leveraging join recommendations to enrich their data.

It also includes data-driven alerts for proactive monitoring of key metrics. Version 10.3 unlocks six new data sources for analysis, including a new connector for extracting data from PDF documents. Additionally, Tableau Online customers are able to try Tableau Bridge in beta, which enables a direct connection to data stored on premises directly in the cloud.



In all, customers can now connect to more than 75 data sources via 66 connectors, without any programming. That includes a new PDF connector, which allows people to directly import PDF tables into Tableau with a click. Additionally, Tableau now comes with new connectors to popular data sources such as Amazon Athena, ServiceNow, MongoDB, Dropbox, and Microsoft OneDrive.

Tableau Online customers can now leverage data stored on premises directly in the cloud with the new Tableau Bridge. Available to all Tableau Online customers to try, this will allow a secure, live connection to on premises data, meaning it’s no longer necessary to move data to perform a live query from Tableau Online. Many organisations have data on premises and in the cloud, and Tableau Bridge allows these customers to easily connect live to all of their data no matter where it is.

*A join refers to combining related data from different parts of a database. An example would be a database of customer names and other details, which could be joined with a database of orders for products so that a business can tell who orders what.

Asian cities reshuffle in Mercer's Cost of Living Survey

· Five Asian cities are in this year’s top 10: Hong Kong (No. 2), Tokyo, Japan (No. 3), Singapore (No. 5), Seoul, Korea (No. 6) and Shanghai, China (No. 8)

· Rankings of most Asian cities changed – currency is the key contributing factor

· All mainland Chinese cities surveyed fell in the ranking except Tianjin (No. 12) which climbed 18 places

· Mumbai, India leaped 25 places this year due to rapid economic growth, inflation and stable currency


Mercer’s annual Cost of Living Survey* has five Asian cities in the list of most expensive locations for working abroad:

To support the growing number of international assignees working in an increased number of locations, organisations are evaluating assignments from a cultural perspective, preparing for regional and lateral moves, and modifying compensation approaches to stay competitive.

According to Mercer’s 2017 Global Talent Trends Study, fair and competitive pay as well as opportunities for promotion are top priorities for employees this year. As a result, multinational organisations are assessing the cost of expatriate packages for their international assignees.

Mercer’s 23rd annual Cost of Living Survey finds that factors like instability of housing markets and inflation for goods and services contribute to the overall cost of doing business in today’s global environment. “Globalisation of the marketplace is well documented with many companies operating in multiple locations around the world and promoting international assignments to enhance the experience of future managers,” said Ilya Bonic, Senior Partner and President of Mercer’s Career business.

“There are numerous personal and organisational advantages for sending employees overseas, whether for long- or short-term assignments, including career development by obtaining global experience, the creation and transfer of skills, and the reallocation of resources.”

Mercer’s 2017 Cost of Living Survey finds Asian and European cities – particularly Hong Kong (2), Tokyo (3), Zurich, Switzerland (4), and Singapore (5) – top the list of most expensive cities for expatriates. The costliest city, driven by cost of goods and security, is however in Africa - Luanda, the capital of Angola. Other Asian cities appearing in the top 10 of Mercer’s costliest cities for expatriates are Seoul (6) and Shanghai (8).

“While historically mobility, talent management, and rewards have been managed independently of one another, organisations are now using a more holistic approach to enhance their mobility strategies. Compensation is important to be competitive and must be determined appropriately based on the cost of living, currency, and location,” said Bonic.

Asia Pacific

Five of the top 10 cities in this year’s ranking are in Asia. Hong Kong (2), which dropped from the top spot, is the most expensive city in Asia as a result of its currency pegged to the US dollar, which drove up the cost of accommodations locally. This global financial centre is followed by Tokyo (3), Singapore (5), Seoul (6), and Shanghai (8).

Mario Ferraro, Global Mobility Leader for Asia, Middle East and Africa (AMEA), Mercer, said, “Although a number of Asian cities remain amongst the world’s most expensive cities, key financial hubs such as Hong Kong and Singapore still continue to attract talent and remain a top choice for relocation. Although this year’s movements were due mainly to currency fluctuations, in particular against the US dollar, we did see cities – such as Mumbai – move up the ranks due to their strengthening economy and growing opportunities.”

Nathalie Constantin-M├ętral, Principal at Mercer with responsibility for compiling the survey ranking said, “The majority of Chinese cities fell in the ranking due to the weakening of the Chinese yuan against the US dollar. And, the strengthening of the Japanese yen along with the high costs of expatriate consumer goods and a dynamic housing market pushed Japanese cities up in the ranking.”

India’s most expensive city, Mumbai (57), climbed twenty-five places in the ranking due to its rapid economic growth, inflation on the goods and services basket and a stable currency against the US dollar. This most populous city in India is followed by New Delhi (99) and Chennai (135) which rose in the ranking by thirty-one and twenty-three spots, respectively. Bengaluru (166) and Kolkata (184), the least expensive Indian cities, climbed in the ranking as well.

Elsewhere in Asia, Bangkok, Thailand (67) jumped seven places from last year. Jakarta, Indonesia (88) and Hanoi, Vietnam (100) also rose in the ranking, up five and six places, respectively. Karachi, Pakistan (201) and Bishkek, Kyrgyzstan (208) remain the region’s least expensive cities for expatriates.

Australian cities have all experienced further jumps up the global ranking since last year due to the strengthening of the Australian dollar. Sydney (25), Australia’s most expensive city for expatriates, gained 17 places in the ranking along with Melbourne (46) and Perth (50) which went up 25 and 19 spots, respectively.

In the Middle East Dubai, UAE ranked 20th, followed by Abu Dhabi, UAE (23), and Riyadh, KSA (52), all of which climbed in this year’s ranking. Jeddah, KSA (117), Muscat, Oman (92), and Doha, Qatar (81) are among the least expensive cities in the region.

Interested?
Mercer also produces individual cost of living and rental accommodation cost reports for each city surveyed.

Check out Mercer's city rankings

Buy individual Mercer city reports

*Mercer's survey is designed to help multinational companies and governments determine compensation allowances for their expatriate employees. New York is used as the base city and all cities are compared against it. Currency movements are measured against the US dollar. The survey includes over 400 cities across five continents and measures the comparative cost of more than 200 items in each location, including housing, transportation, food, clothing, household goods, and entertainment. The figures for Mercer’s cost of living and rental accommodation costs comparisons are derived from a survey conducted in March 2017. Exchange rates from that time and Mercer’s international basket of goods and services have been used as base measurements.

posted from Bloggeroid

Mobile communications drives Indonesia's digital time

ComScore has found that mobile apps dominate Indonesia’s digital time. An analysis of mobile audiences in Indonesia states that:
  • Mobile devices account for 91% of all digital minutes in Indonesia.
  • Mobile’s dominant share of time is driven primarily by apps, which account for 90% of all mobile minutes, and 82% of digital minutes as a whole.
  • The 35+ age group is the most reliant on desktop, with 12% using it as their only device, and 20% in combination with mobile platforms.
  • Two-thirds of users aged 35+ use only smartphone and tablets to access digital content.
Source: comScore. Mobile devices account for 91% of all digital minutes in Indonesia.
Source: comScore. Mobile devices account for 91% of all digital minutes in Indonesia.

While the top 10 mobile properties all reach more than 13 million visitors in Indonesia, the distribution of minutes is skewed heavily to the top four, which include communication apps (including email and messaging). Facebook leads overall total mobile minutes, thanks largely to its Facebook, WhatsApp Messenger and Instagram apps. In fact, on a per-user basis, messaging and social apps far outpace others within the top 10 (by reach) in terms of average minutes.

Video and photography have benefitted from increasing mobile speeds, larger screens and better cameras on mobile devices, with Instagram and YouTube both driving high numbers of minutes for their users.

The company recently announced the launch of MMX Multi-Platform, along with major upgrades to Mobile Metrix in Indonesia, with the introduction mobile consumer panel data. This Android mobile panel expands comScore’s measurement of mobile audiences in Indonesia to enable more robust reporting of visitation, engagement and demographics.

Interested?

Download the presentation from comScore: Introducing Expanded Mobile and New Multi-Platform Measurement in Indonesia.

posted from Bloggeroid

22 June 2017

M&A deal leaks boost deal values by an average US$21 million

  • Asia Pacific region records highest rate of leaked deals in 2016 at 9.7%
  • Small percentage (8.6%) of worldwide deals leaked in 2016, the same as in 2015 and above a six-year low of 6% in 2014
  • Difference between median target takeover premium for leaked deals versus non-leaked deals was US$21 million in 2016
  • Worldwide consumer sector deal leaks jump by 7.8 percentage points to 15.5% in 2016 - the highest of any sector for eight years

Leaking information on mergers and acquisitions (M&A) before any public announcement of the transaction added an extra US$21 million to the average value of deals announced in 2016 that leaked, according to new research* from Intralinks, a business of Synchronoss Technologies, and Cass Business School, City University of London.

In addition to evidence of higher valuations for M&A deals that leak, the 2017 Intralinks Annual M&A Leaks Report found that 8.6% of worldwide M&A deals were leaked in 2016. This figure is unchanged from the previous year (2015) and above a six-year low of 6% in 2014. In 2014, worldwide deal leaks had been on a declining trend for the previous six years, but this trend reversed in 2015 and 2016 – despite the efforts of financial regulators globally in recent years to bring in new regulations to curb deal leaks, and increase enforcement actions and fines for market abuse and insider trading.

The Asia Pacific (APAC) region had the highest rate of deal leaks in 2016, at 9.7%. Of the 10 countries with the most M&A activity, the top three countries for deal leaks in 2016 were from APAC – India (16.7% of deals leaked), South Korea (16.1%) and Japan (12%). South Korea and Japan recorded an increased rate of deal leaks in 2016 compared to 2015. Countries and territories which reduced their rate of deal leaks in 2016 included India and Hong Kong.

Percentage of M&A deal leaks by country or territory
Target listing location
2016 (Rank)
2015 (Rank)
2009-2016 (Rank)
India
16.7% (1)
20.0% (1)
15.8% (1)
South Korea
16.1% (2)
5.3% (6)
10.2% (4)
Japan
12.0% (3)
3.1% (7)
5.1% (9)
Hong Kong
10.0% (4)
12.9% (2)
14.6% (2)
US
9.8% (5)
12.6% (3)
7.6% (6)
Germany
9.1% (6)
0.0% (10)
9.3% (5)
Australia
7.5% (7)
3.0% (8)
4.0% (10)
UK
7.0% (8)
6.7% (5)
12.5% (3)
France
4.3% (9)
0.0% (9)
5.4% (8)
Canada
4.3% (10)
12.5% (4)
5.9% (7)

From 2009 to 2013, Europe, the Middle East and Africa (EMEA) had the highest average rate of leaked deals at 10.4%, while APAC had the second-highest average rate of leaked deals at 7.6%. Since 2014, this trend has reversed: in each of the last three years, the rate of deal leaks in APAC has been higher than in EMEA.

Worldwide, the top three sectors for deals leaks in 2016 were consumer, retail and real estate. The real estate sector, which has the highest long-term average rate of deal leaks, dropped to 3rd place in 2016 and was replaced by the consumer sector, which increased its rate of deal leaks by 7.8 percentage points to 15.5%. This is the highest worldwide rate of deal leaks of any sector in the past eight years. Worldwide, the bottom three sectors for deal leaks in 2016 were healthcare, energy & power, and industrials.

As the report shows, there appears to be one clear perceived benefit of leaking deals: higher target takeover premiums resulting in higher valuations, as a result of increased competition among acquirers for targets in leaked deals. This has been true in each of the eight years analysed for this report. From 2009 to 2016, the median takeover premium for leaked deals was 47% versus 27% for non-leaked deals, a difference of 20 percentage points.

To quantify this, in 2016 the difference in the median target takeover premium for leaked deals compared to non-leaked deals was US$21 million, i.e., an average of an extra US$21 million accrued to the shareholders of the targets in deals that leaked. Leaked deals are also associated with a higher rate of rival bids for the target than non-leaked deals: from 2009 to 2016, 6.5% of leaked deals attracted one or more rival bids for the target compared to 5.8% of non-leaked deals.

There is also evidence that leaked deals have higher completion success rates: In the last three years (2014 to 2016), the worldwide completion success rate for leaked deals has been almost five percentage points higher than for non-leaked deals.

These results could point to one other perceived benefit of leaking a deal – it potentially leads to a better match between acquirer and target. Leaking a deal may flush out the “optimal” acquirer, i.e. the one who has the greatest synergies with the target (and who can therefore pay the highest price, hence the higher target takeover premiums for leaked deals).

Hong Kong, which recorded the second highest average percentage of deal leaks from 2009 to 2016, dropped to fourth place in 2016 with its lowest level of deal leaks (10%) since 2012. In its annual report for 2015 to 2016, Hong Kong’s Securities and Futures Commission (SFC) detailed 107 criminal charges against 15 individuals and five corporations. Total investigations rose by 12% and the number of investigations for insider trading grew by 20% from the previous year**.

In 2016, targets in leaked deals achieved a median takeover premium of 38% versus 26% for non-leaked deals, a difference of 12 percentage points. This is a 60% reduction compared to 2015, when targets in leaked deals achieved a 30-percentage point higher takeover premium.

Also, in 2016 the rate of rival bids for leaked deals and non-leaked deals was almost the same (in fact, non-leaked deals had a marginally higher rate of rival bids for the target than leaked deals).

Philip Whitchelo, VP of Strategy and Product Marketing at Intralinks, a business of Synchronoss Technologies, said: “The rate of deal leaks in markets where leaking was rampant a decade ago, such as the UK, has reduced considerably: a reflection of new regulations against market abuse and much stricter regulatory enforcement. (Places) such as India and Hong Kong, which have comparatively high levels of deal leaks, are also making more efforts to tackle market abuse and insider trading. Overall, against the perceived benefits, those leaking deals must also weigh the risks, and those benefits appear to have reduced in 2016.”
Professor Scott Moeller, Director of the M&A Research Centre at Cass Business School said: “There will always be reasons why a target company may see a benefit to leaking a deal, and it is therefore unlikely that the level of deal leakage will ever be at - or near - zero. However, it is encouraging to see that the percentage of deals that leak is remaining largely flat, and at levels below where it was a decade ago.”

Interested?

Download the 2017 Intralinks Annual M&A Leaks Report

*Methodology

M&A transaction data for announced deals during the period 1 January 2009 to 31 December 2016, share price and index price information were sourced from Thomson Reuters. The criteria for inclusion in the sample were that the target must be an entity listed on a public stock exchange, that the transaction must involve the acquisition of majority control of the target and that the target's equity must have a sufficient trading history for its returns to be calculated. The final total sample of deals for the period 2009 to 2016 was 5,997. 

A transaction was identified as involving a leak of the deal prior to its public announcement using the event study methodology, which compares the cumulative daily returns of the target in the period from -40 to -1 days prior to the public announcement of the deal with its expected returns. The target's expected returns are calculated using a linear regression model of the target's returns during a “normal” trading period against the market return. 

A transaction was identified as involving a leak of the deal if the cumulative daily returns of the target in the period -40 to -1 days prior to the public announcement of the deal was statistically significantly different compared to its expected returns, at the 95% confidence interval for a normal distribution - meaning that there is only a 5% probability that the target's observed returns compared to its expected returns would occur in a random distribution of data, i.e. would be due to chance. 

Unless otherwise indicated, all references to the region or country location of the target refers to the target's primary listing location. The total number of leaked deals for the entire period was 462 out of the total number of deals of 5,997.

**Securities and Futures Commission, Hong Kong (PDF)

Firefox Focus on Android launched by Mozilla

Source: Mozilla. Mozilla launches Firefox Focus for Android.
Source: Mozilla. Mozilla launches Firefox Focus for Android.

Mozilla, the champion for an open and freely accessible Internet, has launched Firefox Focus for Android users to meet the growing demand from users of mobile devices who want more privacy online.

Firefox Focus allows its users to browse the web without being followed by tracking ads, which are notoriously for slowing down the mobile experience. The announcement comes over six months after the successful launch of the Firefox Focus for iPhone and iPad users last November, and includes an ad tracker counter, tracker disabling and a notification reminder, among other features.

"While we knew that Focus provided a useful service for those times when you want to keep your web browsing to yourself, we were floored by your response – it’s the highest rated browser from a trusted brand for the iPhone and iPad, earning a 4.6 average rating on the App Store," said Barbara Bermes, Product Manager for Firefox Mobile at Mozilla, in a blog post.

The Android release of Firefox Focus includes:

· An ad tracker counter – the counter lists the number of ads blocked per site while using the app.

· Disable tracker blocker – For sites that are not loading correctly, the tracker blocker can be disabled.

· Notification reminder – When Focus is running in the background, Mozilla sends a notification so that users can erase their browsing histories.

"Since we support both custom tabs and the ability to disable the ad blocking as needed, it works great with apps like Facebook when you just want to read an article without being tracked," Bermes said.

Interested?

Download Firefox Focus on Google Play and in the App Store.