Stronger together in a post-COVID-19 world: PSB Academy and Australian universities renew long-term partnerships for five more years

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SINGAPORE – Media OutReach – 19 June 2020 –
PSB Academy (PSBA), one of
Singapore’s leading private education institutions, have pledged to
renew partnerships with Australian universities The University of Newcastle,
Australia (UON) and La Trobe University (LTU), to continue to offer select undergraduate
and postgraduate programmes in Singapore for another five years.

Stronger together in a post-COVID-19 world: PSB Academy and Australian universities renew long-term partnerships for five more years

From top left clockwise:

Professor Sally Chan, Pro
Vice-Chancellor (Singapore) and Chief Executive Officer, University of
Newcastle Singapore
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Dr Charles Ong, Head of
School of Life and Physical Sciences, PSB Academy

Derrick Chang, CEO, PSB
Academy

Dr Mike Angove, Head,
Department of Pharmacy and Biomedical Sciences, La Trobe University, Australia

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A World’s Top 200 University strengthens its roots
in Singapore

Ranked 197 in the latest QS World University
Rankings 2021, UON has been partners with
PSB Academy since 2006. Together, they have educated over 6,000 graduates
in Singapore in the fields of Business, Commerce, Communication, Engineering,
Environmental and Occupational Health and Safety and Information Technology.

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Professor Sally Chan, Pro
Vice-Chancellor (Singapore) and Chief Executive Officer, University of
Newcastle Singapore, cites UON
Singapore as the Asia Pacific hub of the University. The University’s strong
culture of inclusion and collaboration in its core planning, teaching, and
assessment initiatives with PSB, is its key to maintaining a strong and
sustainable internationalisation strategy in Singapore.

“Our shared values
with PSB Academy have allowed us to be steadfast and effective in developing
industry-ready graduates for Singapore and across the region for close to 15 years
now. Our students and graduates in Singapore are integral to our international
community of excellence. We continue to be confident in our partnership, even
as we face formidable challenges in the higher education industry in these
trying times,” says Professor Chan.

STEM education for the life sciences sector remains a bright spot

LTU has seen a
year-on-year student population growth of more than 30% in Singapore since it
started its first intake with PSBA in 2016. A Top 15 University in Australia
for Biological Sciences QS World University Rankings by Subject 2020, it offers
undergraduate courses in biomedical and pharmaceutical sciences as well as chemistry
through this partnership, and has enrolled close to 1,000 students in less than
five years.

“PSB Academy and the University aim to strengthen our position as a
leading higher education provider of STEM education in Singapore, and are looking
at developing programmes in Biotechnology and Bioinformatics, Digital Health
and Nursing Science, to meet the demands of the fast-growing biotechnology and
healthcare industry in Asia Pacific.,” says Dr Charles Ong, Head of School of
Life and Physical Sciences at PSBA.

“Our survey with
current PSBA life sciences students show their thirst for more options in
postgraduate studies and a wider range of specialist skillsets in these fields.,” says Dr
Mike Angove, Head, Department of Pharmacy and Biomedical Sciences, La Trobe University, Australia. “Given the
accelerated support for the biomedical manufacturing sector and Singapore’s
remarkable potential in Asia’s race for a coronavirus vaccine, we are in a
privileged position to work with committed partners like PSBA to develop talent
that will advance the role of medical and pharmaceutical research.”

Alliances in education key to supporting a
post-COVID-19 roadmap for growth

“Our mutual resilience
and collective resolve to emerge stronger from this pandemic, has only deepened
our commitment to international partners like UON and LTU. Our schools and
universities face new tests of resilience, but education needs to continue to
be a bulwark for the global community’s journey to recovery. We will forge
forward, to innovate and expand our offerings, and to renew our focus on
delivering on strong graduate outcomes in the face of these difficult times,”
says Derrick Chang, CEO, PSB Academy.

To mark this
partnership milestone with UON and LTU, and also working together with other reputable
university partners from Australia and New Zealand (ANZ), PSBA will host an ANZ
Virtual University Fair
to recruit students interested in
pursuing an Australian or New Zealander degree in Singapore. Other partners featured in the fair
are

  • Edith
    Cowan University (ECU) which is One
    of Two Australian Universities that is designated Academic Centre for Cyber Security Excellence (ACCSE) 
    and offers courses in cyber security and ethical hacking
  • Massey
    University, which offers a Master
    of Analytics Programme sponsored by SAS
  • University
    of Canberra, which offers Doctor of Business Administration programme
  • University
    of Wollongong (UOW), which is also ranked among the World’s Top 200 Universities
    (QS Rankings 2021) and offers degree courses in a range of business disciplines

Stronger together in a post-COVID-19 world: PSB Academy and Australian universities renew long-term partnerships for five more years

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Latest News

Strongest first quarter ever: Preliminary results of Deutsche Post DHL Group above market expectations

  • All divisions significantly increased EBIT in first quarter 2021; Group EBIT tripled to around EUR 1.9 billion
  • Free cash flow development continued positive trajectory and improved by more than EUR 1.4 billion to around EUR 1.0 billion
  • CEO Frank Appel: "The start into the new financial year was more dynamic than ever"


SINGAPORE - Media OutReach - 12 April 2021 - Deutsche Post DHL Group has today released preliminary results for the first quarter of 2021 and has raised the outlook for the current financial year. Preliminary operating profit (EBIT) for the first three months improved to around EUR 1.9 billion (Q1 2020: EUR 592 million). The positive development of the group's businesses seen in the fourth quarter 2020 has continued well through the first quarter 2021. In the first three months of the year the B2C shipment volumes remained high in all networks while the recovery in the B2B business continued.

"The start to the new financial year was more dynamic than ever. It proves that we have successfully geared our business to the right growth drivers. One year into the pandemic we experienced in the first quarter 2021 a sustained momentum in e-commerce and a significant stabilization in global trade with increasing air- and sea-freight volumes. Consequently all divisions reported a significant jump in earnings above market expectations. Global trade continues to recover and vaccine distribution is in full swing which makes me very optimistic for the rest of 2021 and beyond," said Frank Appel, CEO of Deutsche Post DHL Group.

All divisions optimally positioned for continuing e-commerce boom and growth in global trade

Express: The division reached an EBIT of around EUR 955 million in the first quarter 2021 compared to EUR 393 million in Q1 2020.

Global Forwarding, Freight: EBIT in Global Forwarding, Freight stood at around EUR 215 million in Q1 2021, clearly above previous year's Q1 of EUR 73 million.

Supply Chain: EBIT at Supply Chain came in at around EUR 165 million in the first quarter 2021 compared to EUR 105 million in Q1 2020.

eCommerce Solutions: eCommerce Solutions recorded a first quarter 2021 EBIT of around EUR 115 million, clearly above last year's Q1 result of EUR 6 million.

Post & Parcel Germany: EBIT in Post & Parcel Germany in Q1 2021 was around EUR 555 million (Q1 2020: EUR 334 million).

Earnings momentum mirrored in positive cash flow development and improved outlook


The continued positive business development is underpinned by a strong cash flow development; free cash flow amounted to around EUR 1.0 billion in the first quarter 2021. In Q1 2020 this figure was still negative at EUR -409 million.

In light of the strong earnings momentum, guidance for 2021 is adjusted as follows:

Group EBIT for 2021 is now expected to be significantly above EUR 5.6 billion (previous forecast: more than EUR 5.6 billion). Equally, the result for the DHL divisions is now seen significantly above EUR 4.5 billion (previous forecast: more than EUR 4.5 billion). EBIT for the Post & Parcel Germany division is no longer expected at around EUR 1.6 billion but above EUR 1.6 billion. The expectation of a Group Functions EBIT of around EUR -0.4 billion remains unchanged. Full year 2021 Free Cash Flow is now expected to be significantly above EUR 2.3 billion (previous forecast: around EUR 2.3 billion).

The Group will introduce a revised detailed guidance with the comprehensive disclosure for Q1 2021 which will be published as planned on May 5, 2021.

Deutsche Post DHL Group

Deutsche Post DHL Group is the world's leading logistic company. The Group connects people and markets and is an enabler of global trade. It aspires to be the first choice for customers, employees and investors worldwide. To this end, Deutsche Post DHL Group is focusing on growth in its profitable core logistics businesses and accelerating the digital transformation in all business divisions. The Group contributes to the world through sustainable business practices, corporate citizenship and environmental activities. By the year 2050, Deutsche Post DHL Group aims to achieve zero emissions logistics.


Deutsche Post DHL Group is home to two strong brands: DHL offers a comprehensive range of parcel and international express service, freight transport, and supply chain management services, as well as e-commerce logistics solutions. Deutsche Post is Europe's leading postal and parcel service provider. Deutsche Post DHL Group employs approximately 570,000 people in over 220 countries and territories worldwide. The Group generated revenues of more than 66 billion Euros in 2020.


The logistics company for the world.

Stronger together in a post-COVID-19 world: PSB Academy and Australian universities renew long-term partnerships for five more years - Brand Spur
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