Daily Archives: May 21, 2020

Colliers International named to IAOP® Global Outsourcing 100 List for 14th consecutive year

Colliers awarded top scores in Customer References, Awards & Certifications, Programs for Innovation and CSR

TORONTO, May 21, 2020 (GLOBE NEWSWIRE) — Leading global commercial real estate services firm Colliers International Group Inc. (Nasdaq and TSX: CIGI) is pleased to announce that it has been selected for the 2020 Global Outsourcing 100 list by IAOP® for the 14th straight year. Colliers also earned an All Star distinction from IAOP® for receiving top scores in the following major categories: Customer References, Awards & Certifications, Programs for Innovation and Programs for Corporate Social Responsibility.

Colliers earned a perfect Customer Reference score, the single most important factor in a company’s overall score, by creating value and accelerating success for the firm’s clients. Colliers has a proven track record in the global outsourcing industry and is committed to service excellence in the delivery of market-leading expertise to our clients.

“It’s an honour to be recognized for this prestigious distinction from the IAOP,” said John Friedrichsen, COO | Global at Colliers International. “Being named to this list for the 14th straight year is a testament to the best-in class service we provide, as well as strong leadership in areas that really matter to companies’ outsourcing decisions, both of which are synonymous with the Colliers brand and have never been more important.”

The 2020 Global Outsourcing 100 recognizes the world’s best outsourcing service providers and advisors. This list is based on applications received, and judging is based on a rigorous scoring methodology that includes an independent review by an independent panel of IAOP customer members with extensive experience in selecting outsourcing service providers and advisors for their organizations.

“Buyers understand there are hundreds of qualified service providers and advisors out there, but what they need to understand now is what makes each one exceptional,” said IAOP CEO, Debi Hamill. “The Global Outsourcing 100 list has done just that. We’re proud to recognize Colliers International for being among these companies this year.”

About Colliers International

Colliers International (NASDAQ, TSX: CIGI) is a leading real estate professional services and investment management company. With operations in 68 countries, our more than 15,000 enterprising professionals work collaboratively to provide expert advice to maximize the value of property for real estate occupiers, owners and investors. For more than 25 years, our experienced leadership, owning approximately 40% of our equity, has delivered compound annual investment returns of almost 20% for shareholders. In 2019, corporate revenues were more than $3.0 billion ($3.5 billion including affiliates), with $33 billion of assets under management in our investment management segment. Learn more about how we accelerate success at corporate.colliers.com, Twitter @Colliers or LinkedIn.

About IAOP
IAOP is the global association that brings together customers, providers, and advisors in a collaborative, knowledge-based environment that promotes professional and organizational development, recognition, certification, and excellence to improve business service models and outcomes. Our members and affiliates worldwide are digging deep at IAOP conferences, learning at IAOP chapter meetings, getting trained and certified at IAOP courses and workshops, and connecting through IAOP social media, all with one goal: better business results. Whether you are a customer, provider or advisor, new to collaborative business models like outsourcing, or you are an experienced professional, IAOP connects you and your organization to our growing global community and to the resources you need to get the results your company deserves and demands. For more information and how you can become involved, visit www.IAOP.org.

For further information, please contact:

Andrea Cheung
Global Manager, Communications
(416) 324-6402

Kate Tulloch-Hammond
Director, Media & Communications, IAOP
+1.845.452.0600, ext. 122

Radient Technologies Inc. Launches bioU, a Brand of High Quality Cannabis Extract Formulations Exclusively for Medical Cannabis by Shoppers

bioU by Radient

bioU products are scientifically formulated with high quality, broad spectrum cannabis oil and offer precise dosing.

EDMONTON, Alberta, May 21, 2020 (GLOBE NEWSWIRE) — Radient Technologies Inc. (“Radient” or the “Company”) (TSX Venture: RTI; OTCQX: RDDTF), a global manufacturer of high quality cannabinoid-based ingredients, formulations and products, is pleased to announce the launch of bioU, a scientifically formulated brand exclusively sold to Medical Cannabis by Shoppers™ (“Shoppers”), a subsidiary of Shoppers Drug Mart Inc., and available across Canada.

Radient’s first products released under the bioU label will be the Uspray series of high quality, scientifically formulated oral cannabis sprays.  bioU Uspray will have three formulations available to consumers on the Medical Cannabis by Shoppers online platform; a THC dominant formula with 30mg/mL of THC and 1 mg/mL of CBD, a CBD dominant formula with 20 mg/mL CBD and 1 mg/mL THC, and a balanced formula with 10 mg/mL THC and 10 mg/mL CBD.  All bioU products have been designed by Radient to retain cannabinoids and terpenes while providing high levels of purity and consistency.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6a47c568-48b7-40b2-ad40-cb7d1a08b2a9

“We are very excited to launch this line of products with Medical Cannabis by Shoppers.  This is a key step for the Company in forging a long-term and successful partnership with one of Canada’s most trusted names in retail.  We look forward to broadening our product offering with Shoppers and giving consumers access to the first branded products from Radient,” said Denis Taschuk, Chief Executive Officer, Radient Technologies.

Radient plans on expanding the products available under the bioU brand over the coming months.  The bioU brand will use Radient’s proprietary broad spectrum cannabinoid extracts along with an extensive library of internally developed formulations.  Radient’s unique, continuous-flow extraction process has been proven to achieve a higher recovery of active compounds from the cannabis plant (up to 99%) than other extraction methods. It has lower risk of cannabinoid degradation during processing which allows products to maintain shelf life for a longer period of time, and has a high level of product consistency. Combining its unique extraction technology with stringent quality control systems and decades of botanical ingredient manufacturing experience, Radient produces a variety of broad spectrum cannabinoid formulations, ingredients and products that meet the highest standards of quality and safety.

About Radient
Radient Technologies is a commercial manufacturer of high quality cannabinoid based formulations, ingredients and products. Utilizing a proprietary extraction and downstream processing platform that recovers up to 99% of cannabinoids from the cannabis plant, Radient develops specialty products and ingredients that contain a broad range of cannabinoid and terpene profiles while meeting the highest standards of quality and safety. Please visit www.radientinc.com for more information.

SOURCE: Radient Technologies Inc.

For further information please contact: ir@radientinc.com

Forward Looking Information:
This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, statements regarding the growth of the Company’s business operations; the construction of the Company’s facilities; the expected throughput capacities at its facilities; the Company’s ability to grow its business in the cannabis sector and the Company’s future plans. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Radient, as the case may be, to be materially different from those expressed or implied by such forward-looking information. Although Radient has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Radient does not undertake to update any forward-looking information, except in accordance with applicable securities laws.


Draft law on Vietnamese guest workers debated at NA

The National Assembly (NA) mulled over a draft revised law on Vietnamese guest workers with contracts in Hanoi on May 21, the second working day of its ongoing ninth session.


Authorised by the Prime Minister, Minister of Labour, Invalids and Social Affairs Dao Ngoc Dung presented a proposal for the draft law.


He said the amendment aims to institutionalise relevant policies and guidelines recently adopted by the Party and the national constitution that was supplemented and reviewed in 2013.


Sending Vietnamese workers abroad is a long-term and consistent policy in job generation, poverty reduction, and skills training during national construction amid industrialisation and modernisation, he said.


With eight chapters and 79 articles, the draft law supplements the types of contracts and regulations on non-State funds for overseas job support used to serve information efforts, assist enterprises expanding operations, and promote Vietnamese human resources, among others.


Nguyen ThuyAnh, head of the NA’s Committee for Social Affairs, presented a report assessing the draft law, saying the assessment agency basically agrees on the necessity of building the legal document.


The committee proposed the Government and the compilation board make clear those subject to the draft law and whether it suits the policy on mobilising the participation of different economic sectors in public services.


The assessment agency also agreed with the Government’s proposal for maintaining the overseas job support fund which it said should serve both enterprises and workers.


The Government and the compilation board should pay more heed to the fund’s feasibility, equality, transparency, and efficiency.


Source: Vietnam News Agency

OVs urged to develop distribution channels for Vietnamese goods

Vice Chairman of the Hanoi People’s Committee Nguyen Doan Toan signed a document on May 20 calling for the involvement of overseas Vietnamese in introducing and developing distribution channels abroad for Made-in-Vietnam goods in the 2020-2024 period.


The plan is part of activities to speed up the “Vietnamese people give priority to using Vietnamese goods” campaign among Vietnamese communities abroad and to raise export turnover and increase the use of Vietnamese products by overseas Vietnamese.


It also targets greater sales of Vietnamese goods at shopping centres and supermarkets in foreign countries, especially those in regions where a large number of Vietnamese expats live.


Attention will also be paid to enhancing connections between businesses in Vietnam and overseas and building establishments that can perform testing on requirements and regulations in line with international standards.


Source: Vietnam News Agency

Meeting talks easing difficulties for PetroVietnam, Vietnam Airlines

Prime Minister Nguyen Xuan Phuc on May 21 chaired a meeting with permanent Government members to discuss measures to tackle difficulties faced by the Vietnam Oil and Gas Group (PetroVietnam) and the national flag carrier Vietnam Airlines.


Speaking at the event, PM Phuc said he recently attended online and offline meetings with business community and the Government has issued a resolution to remove obstacles for them.


He hailed PetroVietnam and Vietnam Airlines for proactively designing plans to overcome challenges and maintain operations.


The Government leader shared the difficulties faced by the two corporations and stressed that there are many opportunities ahead.


He suggested they continue with internal restructuring, including market and labour restructuring, saving costs, further improving operation efficiency, and maintaining key workforce.


Ministries and agencies were also asked to join hands to remove difficulties for PetroVietnam and Vietnam Airlines.


The PM also gave opinions on proposals by the two groups at the working session.


Source: Vietnam News Agency

Court upholds sentences for defendants in fake medicine case

The High-level People’s Court in Ho Chi Minh City on May 20 upheld the verdict handed down at the first-instance trial in a case involving the “manufacturing and trading of counterfeit medicine”.


At the first-instance trial, Nguyen Minh Hung, former Chairman of the Board of Directors and General Director of the Vietnam Pharma Joint Stock Company (VN Pharma), was sentenced to 17 years in prison, and Vo ManhCuong, former Director of the H&C International Maritime Trading Co., Ltd, to 20 years.


Both faced charges of “manufacturing and trading counterfeit medicines for treatment or prevention of diseases” under Article 157 of the Penal Code 1999.


The remaining 10 defendants were sentenced from 3-12 years in prison. Hung did not appeal after the first-instance trial.


However, seven of the 12 defendants in the case, including Cuong, filed an appeal against the verdict reached at the first-instance trial.


Cuong said he did not play a mastermind role as mentioned in the first-instance verdict and that he did not know the drugs were counterfeit.


But the High-level People’s Procuracy in HCM City rejected the contention, saying Cuong directly contacted people who made counterfeit drugs and asked for permission to import the batch of fake drugs.


According to the People’s Procuracy, the wrongful acts of the defendants were dangerous to society and the sentence at the first-instance trial was “lawful and appropriate”.


VN Pharma was established in October 2011 with capital of 25 billion VND (1.075 million USD), rising to 40 billion VND in 2014. Hung owns most of the shares.


Since its operation, the company has imported various kinds of drugs.


From 2013 to 2014, Hung ordered Cuong to buy imported medicine that was allegedly manufactured by Canada’s Helix Pharmaceuticals Company and supply the drugs to Vietnamese hospitals.


The order included 9,300 boxes of 500mg capsules of H-Capita, a cancer treatment drug. The consignment was worth around 5.3 billion VND.


Hung said he ordered his staff to fake documents related to the drugs and submit them to the Drug Administration of Vietnam, which operates under the Ministry of Health.


Hung also faked receipts and payment procedures to acquire import licences from the ministry.


In April 2014, the Drug Administration of Vietnam questioned the origin of the drugs and decided to inspect the company’s shipments.


The Ministry of Health concluded that the H-Capita 500mg batch contained 97 percent of the active ingredient capecitabine, which is of unknown origin and poor quality, and must not be used as a medicine for humans.


The Procuracy said Hung’s actions caused damage of more than 6 billion VND (255,320 USD) to VN Pharma.


Source: Vietnam News Agency

People joining voluntary social insurance down due to COVID-19


The number of people joining voluntary social insurance decreased sharply due to the COVID-19 pandemic, said the Vietnam Social Security (VSS).


The information was declared in an online conference with the theme “Developing volunteer social insurance in the COVID-19 pandemic”, held by the VSS and Nhan Dan (The People’s) newspaper on May 19.


In the first half of this year, due to the COVID-19 pandemic, many enterprises had to reduce staff and conduct social distancing. As a result, many workers temporarily stopped work or ended contracts, which affected targets related to developing the number of people joining social insurance this year.


The targets this year are to have at least 300,000 more people with voluntary social insurance, raising the total number of people with social insurance to at least 800,000.


Developing the number of people with social insurance last year was considered one of best points of all activities of the social security sector. However, since the beginning of this year, the development has faced a lot of difficulties because of the pandemic.


Dinh Mai Hanh, deputy head of the Receipts Division under the VSS, said uncompleted statistics by April 30 showed that about 557,000 people had voluntary social insurance, a reduction of 16,000 compared with the end of last year, and down by 11,000 compared with March this year.


Hanh said the COVID-19 pandemic prevented the sector from developing new participants whereas old ones had to stop.


Besides, education about the insurance policies was not implemented as planned.


“Due to social distancing, we cannot work with other sector to organise conferences introducing the policies to residents,” she said.


Most people with voluntary social insurance are informal workers, they did not work during the pandemic so they stopped joining the insurance.


At present, the way to encourage people is via conference held by the Vietnam Post.


Implementing social distancing, the conference was not held as regular this year.


Tran Chi Trung, head of the Portal Financial Services under the Vietnam Post, said COVID-19 prevention and control in Vietnam had recorded significant results and socio-economic activities returned to normal.


Education for social security policies will be promoted to complete the target of having 300,000 more participants by the end of this year.


It’s scheduled that on May 23, the VSS will work with the Vietnam Post to launch a month-long campaign of education on volunteer social insurance.


The launching ceremony will be broadcast to different places in 63 provinces and cities across the country.


Hanh said: “We see that after difficulties caused by the pandemic, workers will more and more understand the importance of social, health and unemployment insurance.”


Source: Vietnam News Agency