May 23, 2022 – Page 2 – Business Observer

May 23, 2022

“Shanxi Electric Power Transmission” exceeded 40 billion kilowatt-hours in the first four months

TAIYUAN, China, May 23, 2022 /Xinhua-AsiaNet/– Recently, the State Grid Shanxi Electric Power Company released data showing that electric power from Shanxi which was transmitted to other regions completed 40.62 billion KWH, an increase of 1.38 billion KWH year-on-year, and the proportion of new energy power of “Shanxi Electric Power Transmission” continued to increase.

In order to increase the transmission of electricity from Shanxi, Shanxi Electric Power Trading Center pays close attention to the demand for electricity in various regions, flexibly conducts transactions of electric power transmission and expands inter-provincial markets, while expanding the scale of electric power transmission, it innovates transaction varieties and promotes new energy consumption.

In January this year, electric power from Shanxi entered Shanghai for the first time, expanding the new energy consumption space of 300,000 kilowatts during the trough period; during the Beijing Winter Games, nearly 800 million kilowatt-hours of new energy power was sent to Beijing; in March, new energy company from Shanxi Province and Hebei Fengning Pumped-storage Power Station carried out a cross-provincial interactive corresponding transactions for the first time, increasing the new energy consumption space by 300,000 kilowatts.

As a national electric power transmission base, there are currently 10 electric power transmission channels in Shanxi, with a transmission capacity of 38.3 million kilowatts. In the first four months, electric power from Shanxi has been transmitted to 14 provinces and cities including Beijing, Tianjin, Shanghai, Chongqing, Shandong, Jiangsu, Hebei, Zhejiang, Hunan, and Henan, which is the highest in history within range.

Source: The State Grid Shanxi Electric Power Company

May 23, 2022

Crocus Delivers the Future of High Precision, High Current Contactless Isolated Current Sense

The CT45x showcases the advantages of TMR sensors to rethink and simplify solutions in the high precision, high current application space

MILPITAS, Calif., May 23, 2022 (GLOBE NEWSWIRE) — Crocus Technology Inc., the leading supplier of disruptive TMR (Tunnel Magneto-Resistance) XtremeSense® sensors, today announced the CT45x family of contactless isolated current sensors to enable high precision and high current measurements in a more simplified solution. Unlike existing solutions, the CT45x allows manufacturers to eliminate costly shields, concentrators or cores. The CT452 and CT453 offers contactless 0.7% accuracy, 1 MHz bandwidth, and better than -50 dB immunity to external magnetic fields without additional mechanical components. This combination of performance and accuracy enables customers to reduce their overall product size and weight which enables them to replace large and costly current sense modules with a small and simple solution.

As current requirements have been increasing so have the challenges of accurately measuring high currents, typically >200 A and often up to 2,000 A. Shunt resistors with isolated amplifiers are broadly used but present an issue with I²R losses and tend to be large and costly. Existing magnetic based solutions like Hall Effect and AMR are less accurate and have high temperature drift. The CT45x products are based on XtremeSense TMR technology that delivers the future with a high signal-to-noise ratio (SNR) contactless approach which can scale with the system requirements, high bandwidth and fast response time, common-model field rejection, combined with high accuracy measurements over temperature.

In addition, many applications now require very accurate current measurements in the milliamp range up to the 1,000 A range or more. Often this type of solution involves multiple current sensors to achieve the desired system performance with many design compromises and complexities. Using Crocus’ XtremeSense TMR current sensors allows for a no-compromise and simple solution using a single CT45x sensor which provides a large dynamic range and a high SNR. For example, the CT45x is able to measure down to 500 mA resolution and up to 1,800 A while maintaining better than 0.7% accuracy.

The CT45x offers groundbreaking noise performance, as low as 0.55 mV_RMS, to enable applications to sense small current levels and small changes or variations in current through a busbar. This performance is almost 10 times better than existing Hall Effect solutions. This results in a SNR (signal-to-noise ratio) as high as 77 dB for the CT45x measurement which allows the system to process higher resolution data with higher accuracy.

“With the introduction of the CT45x family of contactless current sense products, we now have a complete portfolio of products for our customers from small currents to larger currents,” states Zack Deiri, President and CEO of Crocus Technology. “This product based on Crocus’ cutting-edge TMR technology is the most exciting for us as the benefits of our XtremeSense TMR are addressing the needs of higher current applications that can’t be met with existing solutions without compromises. Crocus is excited to be addressing new high current markets such as BMS, Inverters, DC/DC Converter and many others.”

Product features and performance:

CT450 & CT452 (5 V version) & CT453 (3.3 V version)

Isolated Contactless Current Sensor

Capable of measuring currents from 5 mA to >2,000 A

Total output error ±0.7% Full-Scale

300 ns response time, 1 MHz bandwidth

Available in six different configured field ranges

Protection capability with Over Field Detection (OFD)

Integrated Common Mode Field Rejection (CMFR) with >90% immunity (CT452/3)

Uniform magnetic field sensing (CT450)

Targeting applications in EV Chargers, Battery Management Systems (BMS), DC/DC Converters, 48-V system, Bidirectional Charging and AC/DC Inverters.

The CT450 is available in TSSOP-8 package. The CT452/3 are available in TSSOP-16 package For more information, please visit the product webpage:

CT450 https://crocus-technology.com/products/ct450/

CT452 https://crocus-technology.com/products/ct452/

CT453 https://crocus-technology.com/products/ct453/

About Crocus Technology

Crocus Technology develops and manufactures state-of-the-art magnetic sensors based on its patented XtremeSense® TMR sensor technology. Crocus’ disruptive magnetic sensor technology enables the highest sensitivity, the lowest power consumption and smallest size over a wide temperature range. Crocus is headquartered in Milpitas, California. For more information, please visit http://www.crocus-technology.com.

For more information, please contact:

Crocus Technology
Email: info@crocus-technology.com

May 23, 2022

Bombardier Introduces Global 8000 Aircraft, the Flagship for a New Era in Business Aviation

Bombardier launches the Global 8000 aircraft

Bombardier introduced the new Global 8000 aircraft at EBACE in Geneva on May 23, 2022

Bombardier’s new Global 8000 aircraft stands alone as the world’s fastest and longest-range purpose-built business jet, innovatively crafted with the industry’s smoothest ride, healthiest cabin, and lowest cabin altitude
With its innovative Smooth Flex Wing and super-efficient Passport engines, the Global 8000 jet features a top speed of Mach 0.94 – the fastest business jet in the skies
The Global 8000 aircraft will be the only true four-zone cabin business jet to have a range of 8,000 nautical miles, unlocking even more city pairs than ever before
Current Global 7500 operators will be able to retrofit their aircraft to experience the incredible performance enhancements on the Global 8000 aircraft

GENEVA, May 23, 2022 (GLOBE NEWSWIRE) — Bombardier today unveiled the newest member of its industry-leading business jet portfolio with the introduction of the Global 8000 aircraft, the world’s fastest and longest-range purpose-built business jet, innovatively crafted with the industry’s healthiest cabin for safety, comfort and performance beyond compromise.

With an industry-leading range of 8,000 nautical miles and an unbeatable top speed of Mach 0.94, the Global 8000 aircraft is the ultimate all-in-one business aircraft, offering customers a unique blend of outstanding performance married with the smoothest ride and an uncompromising passenger experience – the absolute leader in the long-range class.

“Today, Bombardier solidifies once more its position as the leader in business aviation with the newest member of the industry-leading Global family,” said Éric Martel, Bombardier’s President and Chief Executive Officer. “The Global 8000 aircraft leverages the outstanding attributes of the Global 7500 aircraft, providing our customers with a flagship aircraft of a new era. We remain unmatched, which for an innovation-focused team like us, is great.”

Some of the impressive performance capabilities of the new Global 8000 aircraft were witnessed as early as May 2021, following a demonstration flight with a Global 7500 flight test vehicle. The aircraft, accompanied by a NASA F/A-18 chase plane, repeatably achieved speeds in excess of Mach 1.015, a key step in enabling a maximum Mach operating speed (MMO) of M0.94 and becoming the fastest business jet in the world and the fastest in civil aviation since the Concorde. During the demonstration flight, the aircraft also became the first Transport Category airplane to fly supersonic with sustainable aviation fuel (SAF).

The discerning Global 8000 business jet also features the healthiest cabin in the industry, with the lowest cabin altitude in its class of 2,900 feet when flying at 41,000 ft. It is also equipped with Bombardier’s Pũr Air and advanced HEPA filter technology for the cleanest cabin air and the fastest fresh air replacement.

The Global 8000 aircraft is the only true four-zone cabin business jet to have a range of 8,000 nautical miles – and it more than delivers even when it comes to comfort. With its spacious four personalized suites ergonomically designed to maximize space and freedom of movement, the Global 8000 aircraft also incorporates the revolutionary features introduced on the Global 7500 aircraft that dramatically improve passenger comfort, including the Soleil circadian lighting system to help combat jet lag. Coupled with the innovative Nuage seat with the first-ever zero gravity position, passengers will arrive at their destinations revitalized and refreshed.

An exemplary commitment to detail is assured on the new Global 8000 aircraft, including an available Principal Suite with a full-size bed and a stand-up shower in the En-suite. Revolutionary cabin entertainment control and connectivity, the intuitive nice Touch CMS and OLED touch dial, Bombardier’s l’Opéra directional audio sound system and available 4K monitor, also ensures passengers will receive an unrivalled cabin experience.

In the cockpit, the Global 8000 aircraft features the renowned Bombardier Vision flight deck with its next generation fly-by-wire technology and blend of cutting-edge avionics with exceptional ergonomics and aesthetics for remarkable comfort and control.

Performance-wise, the new Global 8000 aircraft can efficiently transport customers to a wide variety of destinations both faster and farther than ever before. And with its exceptional class-leading range and short-field performance, even more exclusive city pairs are now achievable, including Dubai-Houston, Singapore-Los Angeles, London-Perth and many others.

Expected to enter service in 2025, the Global 8000 aircraft development is ongoing, and the program is progressing to plan. And for current Global 7500 operators, the incredible performance enhancements on the Global 8000 will be retrofittable when the aircraft enters into service in 2025.

The introduction of the new Global 8000 aircraft has been a carefully planned investment that further strengthens Bombardier’s impressive portfolio of industry-defining business jets. Development to date has been included in previously disclosed investment figures. All further development costs will be included in Bombardier’s capex, which remains in line with its 2025 objectives.

About Bombardier
Bombardier is a global leader in aviation, focused on designing, manufacturing, and servicing the world’s most exceptional business jets. Bombardier’s Challenger and Global aircraft families are renowned for their cutting-edge innovation, cabin design, performance, and reliability. Bombardier has a worldwide fleet of approximately 5,000 aircraft in service with a wide variety of multinational corporations, charter and fractional ownership providers, governments, and private individuals. Bombardier aircraft are also trusted around the world in special-mission roles.

Headquartered in Montréal, Québec, Bombardier operates aerostructure, assembly and completion facilities in Canada, the United States and Mexico. The company’s robust customer support network includes facilities in strategic locations in the United States and Canada, as well as in the United Kingdom, Germany, France, Switzerland, Italy, Austria, the UAE, Singapore, China, and an Australian facility opening in 2022.

For corporate news and information, including Bombardier’s Environmental, Social and Governance report, visit bombardier.com. Learn more about Bombardier’s industry-leading products and customer service network at businessaircraft.bombardier.com. Follow us on Twitter @Bombardier.

Bombardier, Bombardier Vision, Global, Global 7500 and Global 8000 are registered or unregistered trademarks of Bombardier Inc. or its subsidiaries.

Visuals of the new Global 8000 aircraft are available here.

For information:
Matthew Nicholls
Bombardier
+1 514-243-8214
Matthew.Nicholls@aero.bombardier.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/77b1c210-6034-4eed-b9a1-09fcf7298160

May 23, 2022

SECP Introduces Digital Lending for NBFCs

The Securities and Exchange Commission of Pakistan (SECP) has introduced the concept of “Digital Lending” for the Non-Banking Finance Companies (NBFCs) covering finance through digital, technology-based, or internet-based channels or tools, with limited or no human interaction for a loan application, approval, disbursement, and repayment of the loan.

The SECP has notified S.R.O.603(I)/2022 on Monday to issue draft amendments to the Non-Banking Finance Companies and Notified Entities Regulations, 2008.

• Lending NBFCs shall comply with such requirements as may be specified by the Commission through circular, for all or a specific class of Lending NBFCs, including but not limited to the digital lending;

• Fair treatment of consumers/borrowers including devising appropriate pricing policies and disclosures;

• Adequate and accurate disclosures including but not limited to the offered products, services, and applicable terms and conditions, to borrowers, customers and other stakeholders;

• Minimum disclosure requirements for digital applications, websites and any other platform used by the NBFCs for the licensed activity;

• Information technology, systems and information security measures.

The SECP has also specified the definition of the “Digital Investment Advisor” meaning an NBFC licensed by the Commission to provide investment advisory services using automated, algorithm-based tools which are client-facing, with limited or no human adviser interaction in the advisory process.

Moreover, the “Robo advice” means investment advice through digital platforms that provide automated, algorithm-driven advice in an online environment using innovative technology tools; and “Robo Advisor” means a person involved in providing Robo Advice, it added.

Source: Pro Pakistani

May 23, 2022

Govt Preps 5G Launch But Makes 4G Coverage a Pre-Requisite

The government has revealed that 4G coverage is considered a pre-requisite for the 5G launch and 5G services can be deployed in the area where 4G services have already been provided.

Official documents available with ProPakistani revealed that the Government of Pakistan is planning to launch 5G in the country and the Ministry of Information Technology and Telecommunication (MOIT&T) is in the process of finalizing policy guidelines for 5G in consultation with the Pakistan Telecommunication Authority (PTA)/Frequency Allocation Board (FAB) and other stakeholders.

However, no consulting services have been procured so far for the said purpose.

The documents further revealed that no expenditure was incurred by PTA as no consulting services have been procured so far. The previous government was planning of launching 5G services in the country in the first quarter of 2023.

The Ministry of Information Technology and Telecommunication has evaluated seven bands for the adoption of 5G services in the country.

Official documents revealed that the ministry is presently in a process of assessing the options available for the timely launch of 5G services in Pakistan.

In this connection, the following bands are being evaluated for the adoption of 5G services as low bands, mid bands and high bands: (a) 700 MHz; (b) 2.3 GHz; (c) 2.6 GHz; (d) 3.5 GHz; (e) MiIIi8meter wave bands; (f) C-Band (3.6-4.2) GHz and (g) Unlicensed Backhaul Frequency bands (P2P & P2MP).

The ministry in view of these bands has requested the Frequency Allocation Board (FAB) for sharing the current status and availability of all 5G spectrum in the above-identified frequency bands.

Cellular operators are continuously expanding their networks. Currently, Pakistan has 90 percent teledensity with a mobile penetration of 89 percent. Total mobile subscribers stand at 193.4 million. These numbers are on a continuous increase. All CMOs are putting their efforts to expand 4G coverage nationwide as per license conditions.

Approximately 60 percent of the population is covered with 4G coverage. New rollout conditions have been imposed on operators’ licenses to increase the pace of 4G rollout in Pakistan. In addition, population-based Rollout obligations are introduced to provide 4G coverage to the maximum population of Pakistan. However, network expansion and smartphone adoption are impacted by the heavy tax regime, which needs to be reviewed by Government.

4G coverage is considered a prerequisite for the 5G launch and 5G services can be deployed in the area where 4G services have already been provided. The Cellular Operators are obliged to extend 4G coverage as per license conditions and charge consumers on the basis of data used/consumed by the subscribers irrespective of the technology i.e. 2G/3G/4G.

All cellular mobile operators are charging the same tariffs/offering uniform packages for 2G/3G/4G services and there is no differentiation between the charging mechanism.

Source: Pro Pakistani

May 23, 2022

RCCI Asks Govt to Review Import Ban List

Rawalpindi Chamber of Commerce and Industry (RCCI) has demanded the government to reconsider the ban on the import of luxury items.

RCCI President Nadeem Rauf in said that “The government has taken a hasty decision without consulting stakeholders”. Due to the same HS code, the essential items are also subject to the same restriction. The import of vitamins and medicines (coccidiostats) used in livestock, especially poultry feed, has been banned, which will further increase the price of meat and poultry.

President Nadeem Rauf said that a meeting of traders from the affected sectors has been convened in the chamber this week so that suggestions and solutions can be presented to the government.

He said that imports of air conditioning, heating and chillers and related items have been banned, they are no longer a luxury, and they are now needed in hospitals, colleges, universities, business centers and homes. Bakery products, eyeglasses, the leather used in shoes, automobiles, lighting and many other items that do not come in luxury but have been banned due to a similar code or chapter, he said.

“The government should also be aware of the ground realities. There are many items that are not manufactured here. There is a fear of increasing smuggling which will further affect the revenue of the government,” he added.

He said that the business community was in favor of banning the import of luxury items in the current economic crisis but the list of bans also included essential items which needed to be reviewed. Crockery under Ceramics has also been added to the ban list, adding that the government has not given any grace period, due to advance orders of many traders, the goods are lying at the port which takes a long time to clear.

He added that there are still many restrictions in China due to COVID 19, many traders’ payments have been stuck due to advance payment.

Source: Pro Pakistani