KOTA KINABALU,
MALAYSIA –
Media
OutReach
– 14 January 2020 –
Nestled serenely on the island of Pulau Tiga 2.5 hours away by land and sea
from Sabah’s capital of Kota Kinabalu lies the plush Borneo Eagle Resort — a cluster
of 13 luxury contemporary villas opened in April 2018. The 21-acre verdant
enclave is situated in the Kimanis Bay within walking distance of the first
Survivor filming series site in 2000. The Resort faces the Crocker Range in the
horizon with views of the majestic Mt Kinabalu across the South China Sea.

Aerial view of Borneo Eagle Resort with the jetty

Borneo Eagle Resort is the only luxury
resort on the island set against a backdrop of lush virgin jungle. Its main
building design is inspired by the wingspan of the sea eagles inhabiting the
island. The Resort is a stunning, ecological landscape of flourishing flora and
fauna including 148 coconut trees. Bee hives are introduced to encourage cross
pollination. Proboscis monkeys, monitor lizards, snakes and hornbills are some
of the wildlife spotted while marine life abounds with a diverse array such as
the clownfish, puffer fish, sea turtle and the occasional whale shark.

Accommodation

Principal
architect Karim Hussein from Arkitek A Karim Hussein was tasked with ensuring
that the Resort integrated well with the natural environment, uncompromised in
its design and construction. All 13 spacious sea facing villas with their own
courtyards are categorized according to three types: Pool (171 sq m), Coral
(261 sq m) and Spa (288 sq m)
.
Each villa provides super king-sized beds
matched with comfortable pillow-top mattresses, premium bedding and linen. A well-stocked mini bar, water
pitchers, complimentary aluminium water canisters, teas, a Nespresso Machine, in-room
safe, alarm clock with Bluetooth and USB connectivity, portable MyFi, wireless
internet, 55″ flat screen TVs and Bose home theatre systems ensure guests are
not lacking in comfort. The bathrooms are equipped with oversized mirrors, rain
shower and toiletries sourced locally from natural ingredients. Digital wall
panels control the lighting according to three moods: dinner, romance and
evening. Guests wake up to sunrise unveiled by a remote control device.
Artworks reflect the surrounding coral reefs and palm trees while lounge areas
are fitted with elegant furniture and contemporary artworks including wood from
the resort grounds transformed into artful pieces.

Guests can choose to dine or do yoga at the
cheery patios with their own deck beds, outdoor shower and individual plunge
pools or indulge in spa treatments in the privacy of their own villas.  A Personal Service Ambassador is assigned to
each villa. To ensure that guests get the most of their stay, questionnaires
are emailed to them, prior to their arrival, to indicate their dietary
preferences and choice of leisure activities, and if they are celebrating a
special occasion.

Dining 

The open-air Eagles Nest restaurant serves breakfast, lunch and
dinner with a fine balance of Bornean and western dishes. The menus are based
on the farm-to-table concept with seasonal ingredients and produce sourced from
farms in the owning group.  Complimentary
evening cocktails are served at the Landing Bar.  Room service or a gazebo
styled picnic can also be arranged at scenic spots on the island.

A short canopy walk away is the
multi-purpose room, ideal for a board meeting for eight or a private dinner,
and a rooftop area for small events. The Sand Bar by the pool offers
refreshments and lunch.

Recreational Activities

The nearby jungle managed by Sabah Parks provides ample guided
trekking opportunities including trails to volcanic mud mounts and pools known
for its therapeutic properties. The waters around the Island are ideal for
diving, snorkelling, fishing, hobbie wave and kayaking. The Resort’s fitness
centre is housed next to a massive infinity pool with an area of 900 sq. m.

Rates

Villa rates range from USD1,200 to
2,000 inclusive of full board/activities and transfers from the city to the
Resort.

Corporate
Social and Environmental Responsibility

Echo Resorts, the owning company of Borneo
Eagle Resort and its sister properties, Bunga Raya Island Resort and Gayana
Marine Resort, takes a serious view towards the community and the environment.  The group has embraced several initiatives
such as the establishment of Green-Os (organic vegetable farm) and Borneo Eco
Fish Farm by Bayu
Aquaculture Sdn (aquaculture)
based on the core principles of natural cultivation and sustainability using
good farming practices without pesticides. The Marine Ecology Research Centre,
adjacent to Gayana Marine Resort, was built to focus on reef regeneration
efforts and giant clam propagation.

Gillian Tan, Owner Representative,
explained, “We are not another luxury resort. We are a family company sharing
our home and providing unforgettable experiences. We lead by example creating
better relationships, involving our community and preserving the environment we
live in. Borneo Eagle Resort is a clear testament of our mission.”

Image
link: https://drive.google.com/open?id=1PyC_F3tBiUWIWJz0HCzJwNyLu2XNc_YH

URL: www.echoresorts.com

About Borneo Eagle Resort

Opened in April
2018, Borneo Eagle Resort is located in the Kimanis Bay on Pulau Tiga, a
30-minute ferry ride from Kuala Penyu 
accessible by a two-hour land transfer from the Kota Kinabalu
International Airport or by a short helicopter ride. Borneo Eagle Resort showcases
13 villas, three food & beverage outlets, room service, a swimming pool, in-room
spa treatments, a multi-purpose function room/rooftop and a vast range of recreational
pursuits on land and sea.

About Echo Resorts

ECHO is the acronym for Ecology, Culture, Hospitality and Ownership.
The brand logo is represented by a tree of life, which symbolizes harmony with
nature, our people, traditional culture and values. Formed in 2007, Echo
Resorts is a family owned and run business driven by strong family values with
interests ranging from hospitality, environmental conservation and wellness.
Its first acquisition was the Gayana Marine Resort on Gaya Island off the Sabah
coast in East Malaysia in 2007, followed by the Bunga Raya Island Resort in
2009 and Borneo Eagle Resort in 2018. The group also comprises the Green-Os
(organic vegetable farm), Borneo Eco Fish Farm by Bayu Aquaculture Sdn, the Marine Ecology Research Centre; and the Bukit Harapan Home for
disabled/autistic children and single mothers. Echo Resorts also owns Le Meridien
Kota Kinabalu, Bespoke Hotel, Alu Alu Kitchen, Echo Adventures, Swiss Wellness
Centre, Klinik Gayana and Gayana Pharma.

• 9^th annual
  survey on top business risks attracts record participation of 2,700+ experts
  from over 100 countries
• Cyber incidents have
  become more damaging and expensive for companies — and often result in lawsuits
  and litigation after the event
• Business
  interruption ranks second, but remains
  a key challenge with digitalization and civil unrest creating new causes of disruption
  and loss of income
• Climate change rises to third top risk, while political
  risks and violence makes first appearance in top 10.

SINGAPORE – Media OutReach – 14 January 2020 – For the first time ever, Cyber incidents
(35% of responses) ranks as the most important business risk in Asia-Pacific in
the ninth Allianz Risk Barometer 2020, relegating perennial top peril Business interruption (BI) (34% of
responses) to second place. The region’s results mirror a global trend
that has seen awareness of the
cyber threat growing rapidly in recent years, driven by companies increasing
reliance on data and IT systems and a number of high-profile incidents. It is a
stark change from seven years ago when it did not even feature in the top 10
risks on the mind of risk managers regionally.

Climate change (#3 with 25%) and Political risks and
violence (debuting in the top 10 at #10 with 9%) are the biggest climbers
regionally, underlining global warming and the business interruption that
accompanies civil unrest as increasing concerns for companies and nations. The
annual survey on global business risks from Allianz Global Corporate &
Specialty (AGCS) incorporates the views of a record 2,718 experts in over 100
countries including CEOs, risk managers, brokers and insurance experts.

“For the first time, Cyber overtakes Business
Interruption as the top risk for businesses in Asia Pacific. While 2019 saw
no major global cyber-incidents in the vein of past events like WannaCry and
NotPetya, businesses are increasingly cognizant of the costs associated with
being a victim of a cyber-attack, with IBM estimating the average cost of a
data breach being slightly under US$4m,” says Mark Mitchell, Regional CEO, Asia
Pacific of AGCS.

He added: “Rounding up the top 3 risks in the region is Climate
Change. In a year which saw Greta Thunberg address the United Nations,
Climate Change was a big riser, having only ranked 8^th in the
previous edition, reflecting the increased scrutiny and pressure that
businesses are under to operate in a sustainable manner.”

Cyber risks continue to evolve

In addition to being the top risk regionally and globally, Cyber
incidents is among the top three risks in 80% of the countries surveyed in
Asia Pacific, with India and South Korea ranking it as the top business risk. Businesses
face the challenge of larger and more expensive data breaches, an increase in
ransomware and spoofing incidents, as well as the prospect of privacy-driven
fines or litigation after any event. A mega data breach – involving more than
one million compromised records – now costs on average $42mn^[1], up 8%
year-on-year.

“Incidents are becoming more damaging, increasingly targeting large
companies with sophisticated attacks and hefty extortion demands. Five years
ago, a typical ransomware demand would have been in the tens of thousands of
dollars. Now they can be in the millions,” says Marek Stanislawski, Deputy
Global Head of Cyber, AGCS.

Extortion demands are just one part of the picture: Companies can suffer
major BI losses due to the unavailability of critical data, systems or technology,
either through a technical glitch or cyber-attack. “Many incidents are the
results of human error and can be mitigated by staff awareness trainings which
are not yet a routine practice across companies,” says Stanislawski.

Business interruption — an undiminished threat with new causes

After seven years at the top, BI
drops to the second position in the Allianz Risk Barometer. However, the trend
for larger and more complex BI losses continues unabated. Causes are becoming ever
more diverse, ranging from fire, explosion or natural catastrophes to digital
supply chains or even political violence. In Australia, the total damage and
economic loss caused by wildfires from September 2019 and into 2020 is
estimated to cost $110 billion^[2].

Businesses are also
increasingly exposed to the direct or indirect impact of riots, civil unrest or
terrorism attacks. Escalating civil unrest in Hong Kong has resulted in
property damage, BI and general loss of income for both local and multinational
companies as shops closed for months, customers and tourists stayed away or
employees couldn’t access their workplace due to safety concerns. The
consequence is a business interruption without physical losses but high
financial ones.

Climate change brings added risk
complexity

Climate change is a huge riser regionally, jumping to third from
eighth last year, driven by risk management experts in countries and
territories such as Australia, Hong Kong, India and Indonesia. Ongoing
wildfires engulfing Australia, as well as severe floods in Jakarta have
certainly hammered home the consequences of increasingly volatile weather for
businesses. 

An increase in physical losses is the exposure businesses fear most (49% of
responses) as rising seas, drier droughts, fiercer storms and massive flooding
pose threats to factories and other corporate assets, as well as transport and
energy links that tie supply chains together. Further, business are concerned
about operational impacts (37%), such as relocation of facilities, and
potential market and regulatory impacts (35% and 33%). Companies may have to
prepare for more litigation in future — climate change cases targeting ‘carbon
majors’ have already been brought in 30 countries around the world, with most
cases filed in the US.

“There is a growing awareness
among companies that the negative effects of global warming above two degrees
Celsius will have a dramatic impact on bottom line results, business operations
and reputation,” says Chris Bonnet, Head of ESG Business Services at AGCS.
“Failure to take action will trigger regulatory action and influence decisions
from customers, shareholders and business partners. Therefore, every company
has to define its role, stance and pace for its climate change transition — and
risk managers need to play a key role in this process alongside other
functions.”

Global results largely mirror
the region’s, with Climate change (#7
with 17%) also moving up the rankings vis-à-vis the previous year, though not
as drastically as Asia-Pacific, a reflection of how the effects of global
warming have been more severely felt closer to home. Changes in legislation and regulation (#3 with 27%) rounds up the
top 3 globally as businesses are increasingly concerned over the US-China trade
war and Brexit.

“The Allianz Risk Barometer
2020 highlights that cyber risk and climate change are two significant
challenges that companies need to watch closely in the new decade,” says
Joachim Müller, CEO of AGCS. “Of course, there are many other damage and
disruption scenarios to contend with but if corporate boards and risk managers
fail to address cyber and climate change risks this will likely have a critical
impact on their companies’ operational performance, financial results and
reputation with key stakeholders. Preparing and planning for cyber and climate
change risks is both a matter of competitive advantage and business resilience
in the era of digitalization and global warming.”

More information on the
findings of the Allianz Risk Barometer 2020 is available here:

• Top
  10 global business risks
• Full
  report
• Individual
  country and industry sector results

About Allianz Global Corporate & Specialty

Allianz
Global Corporate & Specialty (AGCS) is a leading global corporate insurance
carrier and a key business unit of Allianz Group. We provide risk consultancy, Property-Casualty insurance solutions and alternative risk
transfer
for a wide spectrum of commercial, corporate and specialty risks across 12
dedicated lines of business.

Our customers are as
diverse as business can be, ranging from Fortune Global 500 companies to small
businesses, and private individuals. Among them are not only the world’s largest
consumer brands, tech companies and the global aviation and shipping industry,
but also wineries, satellite operators or Hollywood film productions. They all
look to AGCS for smart answers to their largest and most complex risks in a
dynamic, multinational business environment and trust us to deliver an
outstanding claims experience.

Worldwide, AGCS
operates with its own teams in 33 countries and through the
Allianz Group network and partners in over 200 countries and territories,
employing over 4,400 people. As one of the largest Property-Casualty units of
Allianz Group, we are backed by strong and stable financial ratings. In 2018, AGCS
generated a total of €8.2 billion gross premium globally.

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Forward-Looking Statements

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contained herein may include statements of future expectations and other
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performance or events may differ materially from those in such statements due
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herein may also be affected by risks and uncertainties described from time to
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The company assumes no obligation to update any forward-looking statement.