…Desmond Sears new ChairmanMembers of the Private Sector Commission (PSC) on Thursday elected a new Chairman in person of shipping executive, Desmond Sears.This was done at the Commission’s 26th Annual General Meeting (AGM), which was held at the Marriott Hotel in Kingston, Georgetown.Sears, who previously served as the PSC’s Vice Chairman for two terms, has replaced Eddie Boyer, Chief Executive Officer (CEO) of the National Hardware Group of Companies. Boyer served the stipulated two terms.With more than 35 years of experience in shipping, Sears is the Chairman of theNewly elected Chairman of the PSC Desmond Sears (third from left), along with new Vice President Deodat Indar (third from left), Secretary Komal Singh and Treasurer Zulficar Ally (right)Shipping Association of Guyana. He is also the Executive Director of Delmur Co Ltd, of Forestry and Technical Consulting Inc, and of Omai Transportation and Equipment Inc, according to the Commission’s website.In addition, Sears is also the Honorary Consul General of the Royal Kingdom of Norway to Guyana, a post he has held since 2013.Other appointments that were made during Thursday’s AGM were: President of the Georgetown Chamber of Commerce, Deodat Indar as Vice Chairman; Chief Executive Officer of Gaico Construction and General Services Incorporated, Komal Singh as Secretary; and PSC executive member, Zulficar Ally as Treasurer.These newly elected members will serve a maximum of two consecutive one-year terms; that is, if re-elected.
Persian-language web TV provider GLWiZ has added Euronews Persian to its line-up of services worldwide. Euronews Persian will now be available via GLWiZ’s IPTV set-top, the GLBox, via the glwiz.com website and the GSWiZ app for iPhone, iPad, iPod Touch and Android devices.GLWiZ provides programming to approximately two million visitors a month, targeting Iranian, Afghan and Tajik Persian speakers as well as Azerbaijani, Armenian, Assyrian and Kurdish populations. Over 50% of GLWiZ users are located in Canada and the US.“GLWiZ is looking forward to this collaboration with Euronews as it allows our Persian-speaking – Farsi – viewers the chance to closely follow developments in their home country,” says Anissa Moeini, vice-president of business development at GL Group of Gold Line. “At GLWiZ, our aim is to remove borders and connect people home through our strong technology solutions. It is with partners like Euronews that this aim is made possible.”
Sony’s 4K TV and Video Unlimited 4K service.Shipments of 4K TVs increased by more than 500% year-on-year in the third quarter to top 3 million units, according to IHS’s DisplaySearch.The Quarterly Global TV Shipment and Forecast report said that 4K TV shipments have “significantly accelerated” this year, due to more competition and more accessible pricing.Some 6.4 million 4K TVs have been shipped in total this year, according to DisplaySearch, with China accounting for 60% of global 4K TV shipments in Q3.“China is the leading 4K TV consumer market, and local Chinese brands are now fiercely competing with Samsung, which is aggressively pushing for growth in China,” said DisplaySearch.Samsung accounted for 36% of global 4K TV shipment revenues in Q3, giving it the lead in this market ahead of LGE, Hisense and Sony, which took 15%, 10% and 9% of 4K revenues respectively.“Chinese brands have a stronger share thanks to greater volume within China, and a low average price compared to global brands competing in markets outside of China. However, with the arrival of greater competition in North America and other markets, as well as rising 4K TV exports from Chinese brands, competitive price compression will be difficult to avoid for most brands,” said DisplaySearch.The research found that total TV shipments improved 4% year-on-year in Q3 and LCD TV shipments alone rose nearly 9%.“While the last several years in the TV business have been difficult in terms of overall shipments and revenue, the market is showing some broad resiliency now, with most regions enjoying growth in the third quarter,” said Paul Gagnon, director of global TV research at DisplaySearch. “Consumption for primary TVs is entering a renewed replacement cycle in some key regions, while adoption of larger screens and 4K and other higher resolutions will keep consumers upgrading.”“With a scarcity of content and streaming options, much of the early success for 4K will rely on education campaigns from brands and price compression that will make it more affordable.”