Technology

Lexile Framework for Reading Launches in Indonesia to Advance English Literacy

Published

2 weeks ago

November 7, 2024

MetaMetrics partners with Lumina Education to embed globally recognized Lexile® measures in assessments and learning tools.

SINGAPORE, Nov. 7, 2024 /PRNewswire-PRWeb/ — Today at EDUtech Asia, Asia’s largest conference and exhibition for educators and EdTech providers, MetaMetrics®, a leader in educational measurement and research, announces the launch of the Lexile® Framework for Reading in Indonesia. This groundbreaking initiative through Lumina Education, a subsidiary of Lippo Group, will begin in 50 schools across the country. Lumina’s reading program, BukuAku, is designed to help students enhance their English reading proficiency by providing accurate reading measures and matching them with books appropriate for their reading level.

“We are excited to work with Stephanie and the Lumina team to bring the value of the Lexile Framework to Indonesia’s English language learners…Lumina Education’s mission to build a brighter future aligns strongly with our own vision.” –Brad Baumgartner, CEO, MetaMetrics.

At the core of the BukuAku program is the LTS Reading Test, powered by the Lexile Framework for Reading, a powerful tool for assessing a student’s reading ability and matching them to reading materials at their level. Unlike traditional assessments, BukuAku offers more than just a score; it provides a roadmap for growth by matching students with books in their Lexile range, creating a personalized learning experience that fosters curiosity and encourages a lifelong love of reading.
The launch event, held on November 5 in Jakarta, is a significant milestone, attended by influential leaders from both MetaMetrics and Lumina Education, including Stephanie Riady, CEO of Lumina Education.

“We are thrilled to bring the Lexile Framework to Indonesia and incorporate it into BukuAku,” said Stephanie Riady. “This partnership isn’t just about launching a new product; it’s about building a better future for students across Indonesia by enhancing their English literacy and giving them tools to succeed in a fast-changing world.”

“The development of the new LTS Reading Test involved a team from both companies, led by Catherine Mulyana, Chief Operating Officer of Lumina Education, and Lisa Bickel, Vice President of Partner Success at MetaMetrics” continues Stephanie, “working together, we tailored reading tests and resources to meet the needs of Indonesia’s English learners. One of the most powerful aspects of the program is tailored intervention strategies for students with lower-than-expected Lexile measures who need extra support.”

“We are excited to work with Stephanie and the Lumina team to bring the value of the Lexile Framework to Indonesia’s English language learners,” comments Brad Baumgartner, CEO, MetaMetrics, “our teams worked with Indonesian students to ensure the questions, assessments, reading materials, and the measurement scale connect together seamlessly. Lumina Education’s mission to build a brighter future aligns strongly with our own vision,” concludes Brad.

Integration of the Lexile Framework within BukuAku elevates how reading skills are taught and nurtured in Indonesia, empowering educators with actionable insights to support student growth. Lexile measures are also incorporated into Lumina Testing Services (LTS), a new web app offering educators detailed insights into student progress. With LTS, teachers and administrators can seamlessly monitor student growth, check for any potential gaps, identify improvement areas, and make data-driven decisions that promote better student learning progression.

About MetaMetrics, Inc.
MetaMetrics Brings Meaning to Measurement
MetaMetrics is guided by a powerful north star—to support student growth through actionable learning measurement. Over the last 40 years, MetaMetrics’ staff of educators, psychometricians, and policy leaders have developed learning frameworks that now support over 35 million students in the US. More than half of the K-12 students in the US receive Lexile and Quantile® measures and over a hundred million pieces of content have corresponding measures. MetaMetrics was founded in 1984 with the singular goal of making measurement meaningful by matching students to learning resources using a scientific, universal scale. Today, Lexile and Quantile measures are available in all 50 states, with half of the nation receiving the measures through state accountability assessments or at the local level through partnerships with edtech companies that deliver services to schools and districts. Leveraging the most advanced AI technology and learning theory, MetaMetrics continues to innovate solutions for a wide range of applications including early reading, career readiness, and tutoring. For more information, visit MetaMetricsInc.com.

About Lippo Group
Lippo Group is a leading Indonesian multinational conglomerate with significant investments in various industries, including education, retail, media, real estate, banking, healthcare, and hospitality. Through its subsidiary, Lumina Education, and its nonprofit arm, the Pelita Harapan Education Foundation, Lippo Group is committed to advancing educational opportunities across Indonesia and empowering the next generation of leaders. For more information about Lippo Group’s educational subsidiary, visit luminaeducation.id.

Media Contact

Renee Basick, MetaMetrics, Inc, 9195473400, hello@metametricsinc.com, https://metametricsinc.com/

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SOURCE MetaMetrics, Inc

Technology

Max Stock Limited Announces Change in Shares Held by an Interested Party

Published

12 minutes ago

November 24, 2024

CAESAREA, Israel, Nov. 24, 2024 /PRNewswire/ — Max Stock Limited (TASE: MAXO(; )the “Company”, “Max Stock“) today announced that on November 20th, 2024, Phoenix Financial Ltd. and Phoenix Investment House Ltd. (“Phoenix reporting group”), including their respective nostro account, provident funds and provident fund management companies, as well as mutual fund management companies and market maker sub entities, informed the Company that they had sold shares of the Company thereby lowering their joint holdings to 4.8% of the Company’s issued capital (4.15% and 0.65% respectively). As a result, Phoenix reporting group will no longer be an interested party in the Company.

This is an English translation of segments of a Hebrew immediate report that was published on November 24, 2024 (Ref. No: 2024-01-618032) (hereinafter: the “Hebrew Version”). This English version is only for convenience purposes. This is not an official translation and has no binding force. In the event of any discrepancy between the Hebrew Version and this translation, the Hebrew Version shall prevail.

About Max Stock

Max Stock is Israel’s leading extreme value retailer, currently present in 64 locations throughout Israel and 2 locations in Portugal. We offer a broad assortment of quality products for customers’ everyday needs at affordable prices, helping customers “Dream Big, Pay Small”. For more information, please visit https://ir.maxstock.co.il

Company Contacts:

Talia Sessler,
Chief Corporate Development and IR Officer
talia@maxstock.co.il

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SOURCE Max Stock Limited

Technology

Qatar Development Bank announces strategic investment in global Islamic FinTech, Wahed

Published

4 hours ago

November 24, 2024

DOHA, Qatar, Nov. 24, 2024 /PRNewswire/ — Qatar Development Bank (QDB) announces a strategic investment in Wahed, a global Shariah-compliant fintech.

Wahed currently manages over $1 billion in assets and has attracted over 400,000 clients worldwide. The company is built on the principles of democratizing access to financial services and offers clients access to Shariah-compliant investments in its mobile app. Wahed removes the barriers to sophisticated investment management services that have been traditionally reserved for high-net-worth investors.

Khalid Al Jassim, Executive Chairman of Wahed MENA said: ‘We are delighted to welcome our new shareholders, QDB. We believe Qatar is fully aligned with our mission in creating a technology-first Islamic finance leader that unlocks a financial ecosystem free from Riba. We look forward to supporting the Qatar National Vision 2030 of becoming a leading knowledge-based economy.

Ali Rahimtula, Partner at Cue Ball Capital said: “Qatar Development Bank’s strategic investment is a clear signal of the faith the industry has in Wahed and its ability to create the future of Islamic Finance.”

About Wahed

Founded in 2015, Wahed is a financial technology company that is advancing financial inclusion through accessible, affordable, and values-based investing. The company has made significant inroads in the world Shariah compliant investing by creating an easy-to-use digital platform that provides a suite of Shariah compliant investing products including managed portfolios and venture and real estate investments. Wahed caters to over 400,000 customers globally and manages over $ 1 billion in assets.

For more information, visit: www.wahed.com

About Qatar Development Bank

Qatar Development Bank’s mission is to advance the economic and innovation development cycle of Qatar, supporting and contributing to the nation’s economic diversification. As well as a focus on the development of Qatar’s private sector, QDB is a powerful catalyst for socio-economic development in the country, empowering the local economy and bettering living standards.

For more information, visit: https://www.qdb.qa/

SOURCE Wahed

Technology

Wahed appoints Khalid Al Jassim as Executive Chairman of Wahed MENA to help guide the strategic growth of Wahed in the region

Published

4 hours ago

November 24, 2024

DOHA, Qatar, Nov. 24, 2024 /PRNewswire/ — Wahed, a global Shariah-compliant fintech, has appointed Khalid Al Jassim as Chairman of Wahed MENA.

On this appointment, Khalid commented, ”I am excited to guide Wahed’s growth in the region. Wahed’s mission of furthering Islamic Finance is one I resonate with deeply and I look forward to supporting its growth ambitions.”

Khalid has over twenty five years of investment banking and corporate advisory experience gained with some of the most innovative and groundbreaking institutions in the world.

His career spans leading firms including SABIC, Arthur Anderson and Arcapita Bank in Bahrain, where he was instrumental in making it into one of the PE powerhouses in the region. His responsibilities started in the earlier years with establishing the Investment Placement Team and transforming it into one of the most robust teams in the industry. At the time that Khalid left Arcapita to build his personal business, he was an Executive Director. Today he is Chairman of Afkar Vision, a private advisory house specialized in mergers and acquisitions with offices in Manama, Dubai and Riyadh.

As well as being one of the earliest investors in Wahed, he is currently Chairman of the Audit Committee and Board Member at Bahrain Islamic Bank, the 4th oldest Islamic Bank in the World and Board Member at SICO Bank and SICO Capital in Saudi, an $8bn asset manager in the region.

Mohsin Siddiqui, Wahed CEO said, “We are delighted to announce Khalid’s appointment. His unique understanding of the financial landscape in the MENA region is unparalleled and we are excited to bring this expertise in continuing to grow our presence in the region.”

About Wahed

For more information, visit: www.wahed.com

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