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Archive for November 22nd, 2010

MyCube Releases the Vault, the First of a Suite of Services that Will Give Users Complete Control of Their Online Lives

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2010-11-18 16:00 


STOCKHOLM, Nov. 18, 2010 /PRNewswire-Asia/ — Today at the SIME-Stockholm conference, MyCube ( announced the release of the MyCube Vault, a backup service that allows users to aggregate their social media content from across the web and start to regain control over their online lives.

The Vault allows users to make on-demand or automated backups of their content from leading social media services, including Facebook, Picasa, Google Mail and others, with this content being stored securely on their hard drive.  It is being released as an open-source software project so that other developers can add to the Vault’s features over time.

“MyCube’s vision is to give users complete control of their online lives,” said Johan Stael von Holstein, MyCube CEO.  “The first step of gaining control is to have all of your social media assets gathered securely in one place, and that is exactly what the Vault does.”

MyCube also today announced that on January 15, 2011, the MyCube Exchange — a next-generation social network — would be available in private beta and is now accepting pre-registrations at

“Social networking was fun for a while, but social interactions are complex, and it is clear that we now need services that support this complexity in a way that puts us clearly in control — of our information, our content, and our interactions,” said Stael von Holstein.  “The MyCube Exchange has been two years in the making and we are excited that we will soon be able to bring our vision to the market.”

MyCube has 30 employees based in Singapore, is funded by prominent individual investors, and is led by a strong team consisting of serial entrepreneurs and seasoned operational managers.  To download the MyCube Vault or pre-register for the MyCube Exchange, please visit or for more information please email

Media contact:

Todd Kurie, Marketing Director
Tel:   +65-6536-4280




Written by asiafreshnews

November 22, 2010 at 2:29 pm

Posted in Business & Finance

Audi Singapore Commits to Energy Efficiency and Technology

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2010-11-19 11:24 


SINGAPORE, Nov. 19 /PRNewswire-Asia/ —

  • Audi as official car sponsor of Singapore International Energy Week
  • First-time participation at Clean Energy Expo Asia
  • Special appearance of the Audi e-tron as technology showcase

Audi Singapore is firmly behind the Singapore International Week 2010 and fully committed to delivering top of the class performance in energy efficiency and technology.

Audi AG electric vehicle expert Martin Freudenhagen with the progressive and high-performance Audi e-tron at the Singapore International Energy Week and Clean Energy Expo Asia 2010 in Singapore. Audi was the official car sponsor of the event and Freudenhagen was invited to discuss energy efficiency and technology in automobiles.

Delegates attending the Singapore International Energy Week (SIEW) will be happy to know that not only is the fleet of Audi A6 2.0 TFSI sedans and Audi Q7 3.0 TDI shuttling them comfortable, these cars also rank among the most fuel efficient models in their respective segments with their highly sophisticated direct-injection engines and technologies designed to maximise energy efficiency.

Reinhold Carl, Managing Director of Audi Singapore, says: “Audi takes a holistic approach towards environmental concerns. Using the very best technologies, the cars deliver the performance expected of an Audi at the best efficiency levels. This is what we offer today and we’ll continue to deliver on this promise in the future.”

Martin Freudenhagen, the head of project management for Audi’s A-segment who is in Singapore for the event, says: “We have a whole host of possibilities on hand, from further refining the combustion engine to extracting greater efficiencies to varying degree of electrification, to create cars that will answer the needs of today, as well as tomorrow.”

Lending a peek into the future is the Audi e-tron specially brought in for the Clean Energy Expo Asia (CEEA) 2010, an event under the umbrella of SIEW. With four electric motors powering the wheels — making it a true quattro, and lightweight construction based on the Audi Space Frame (ASF) technology, the Audi e-tron achieves 0 – 100 km/h in just 4.8 seconds and has a range of approximately 248 kilometres on a single charge. The progressive innovation, technologies and concepts introduced in the e-tron underscore Audi’s ethos of Vorsprung durch Technik.

The Audi e-tron is on display 2 – 4 November at the Sustainable Mobility pavilion in the CEEA 2010 at Suntec Exhibition Hall 401.

Photos and further information are available at

AUDI AG sold around 950,000 cars in 2009. The Company posted revenue of € 34.2 billion and profit before tax of €3.2 billion in 2008. Audi produces vehicles in Ingolstadt and Neckarsulm (Germany), Gyor (Hungary), Changchun (China) and Brussels (Belgium). Aurangabad in India saw the start of CKD production of the Audi A6 at the end of 2007 and of the Audi A4 in early October 2008. The Company is active in more than 100 markets worldwide. AUDI AG’s wholly owned subsidiaries include Automobili Lamborghini Holding S.p.A. in Sant’Agata Bolognese (Italy) and quattro GmbH in Neckarsulm. Audi currently employs around 58,000 people worldwide, including 46,500 in Germany. The brand with the four rings invests around €2 billion each year in order to sustain the Company’s technological lead embodied in its “Vorsprung durch Technik” slogan. By 2015, Audi plans to significantly increase the number of models in its portfolio to 42. Audi celebrated its 100th birthday in 2009. The Company was founded by August Horch in Zwickau on July 16, 1909; he named it Audi after the Latin translation of his surname (“hark!”).

Corporate Communications

Lee Nian Tjoe, Audi Singapore
Tel:   +65-6501-9650

Zixin Chai, LEWIS PR
Tel:   +65-6571-9150


SOURCE Audi Singapore


Written by asiafreshnews

November 22, 2010 at 11:40 am

Posted in Uncategorized

Thailand Announces “BOI Fair 2011”; Five Leading Thai and Foreign Companies Agree to Take Part

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BANGKOK, Nov. 19, 2010 /PRNewswire-Asia/ — Thai Prime Minister, Abhisit Vejjajiva, announced the plan for the exhibition — BOI Fair 2011: Going Green for the Future, stating that the BOI 2011 event was an important project in which the government and private sectors would cooperate to show the strength and potential of Thailand’s industry. It will be held from 10 to 25 November 2011 at the Impact Exhibition and Convention Center at Muang Thong Thani.

“Next year, 2011, will mark the completion of H. M. the King’s seventh cycle,” the Prime Minister said. “The BOI Fair 2011 is being held as part of the celebration of this auspicious event.”

Not only will the BOI Fair 2011 build confidence in Thailand, it will also provide an opportunity for businesses in all areas to come together to exhibit technology and innovation and to display their products. In addition, there will be a “CEO Forum,” a seminar for top executives from leading international companies, which will offer another channel to showcase the achievements and potential of Thai industry.

Mrs Atchaka Sibunruang, the Secretary General of the Board of Investment (BOI), said that the BOI Fair 2011: Going Green for the Future will encompass both outdoor and indoor areas totalling about 240,000 square metres. The outdoor area, occupying 166,000 square metres of space beside the Muang Thong Thani lake, will feature the Royal Pavilion, 84 outdoor pavilions, in reference to H. M. the King’s 84th birthday in 2011 and will be used to exhibit the latest technology and innovation from both Thai and foreign countries.

The indoor exhibits have a total area of approximately 60,000 square metres. The space will be used to display and sell products from many different industries, including agriculture, food, beverages, electrical devices, fashion, gems, and ornamental items.

As of now, five Thai and foreign companies have expressed interest in participating in the BOI Fair 2011. They are: 1) Charoen Pokphand Group; 2) PTT Public Company, Ltd; 3) Sony Group of Companies (Thailand); 4) Thai Samsung Electronics (Thailand) Co., Ltd.; and 5) Toyota Motors Thailand Co., Ltd.

Companies interested in reserving space or desiring further information contact the BOI Fair 2011 Organizer Office by telephone at +66-2-553-8300, by fax at +66-2-553-8333, by email at, or visit the website at .

SOURCE The Board of Investment of Thailand

Written by asiafreshnews

November 22, 2010 at 11:28 am

Posted in Business & Finance

Citi and China AMC Partner to Launch the &China Select Fund*

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An SFC-authorised Chinese equity fund giving access to domestic China investment management expertise via an international platform

HONG KONG, Nov. 19, 2010 /PRNewswire-Asia/ — Citigroup First Investment Management (CFIM), part of Citi*s Global Markets division, and China Asset Management (Hong Kong) Limited (ChinaAMC (HK)) today announced the launch of the &China Select Fund,* an investment fund focused on China equity investments traded onshore and offshore China.

(Photo: )

The China Select Fund is the first Hong Kong Securities and Futures Commission-authorised Chinese equity fund to be managed by ChinaAMC (HK), the Hong Kong branch of China*s leading fund management company, China Asset Management Co., Ltd. (ChinaAMC). The Fund allows Hong Kong retail investors access to a broad China investment strategy by tapping into multiple listings of China shares as well as exposure to the China A-share market.

Speaking at the launch, Jeremy Collard, Director and Regional Head at CFIM Asia Pacific commented that previously Hong Kong retail investors had fewer options if they wanted to access Mainland China investment management expertise.

※In providing access to the investment management expertise of ChinaAMC, one of China*s most respected and highly-ranked investment managers, the China Select Fund provides a unique opportunity to capture China*s enormous investment potential by accessing local expertise through an international infrastructure,§ said Collard.

※We believe the working partnership between CFIM and ChinaAMC (HK) significantly differentiates the China Select Fund from other retail China equity funds available in the Hong Kong market, most of which are managed by overseas fund managers§ added Harry Peng, Head of China Business Development at CFIM Asia Pacific. ※Until now, ChinaAMC funds and the expertise of ChinaAMC as an asset manager have been inaccessible to Hong Kong retail investors. The launch of the China Select Fund addresses that and provides investors with an alternative to the current offerings in the market.§

The China Select Fund portfolio will be invested in domestic and overseas-listed companies which are headquartered in or which have significant business exposure to China. It is expected that approximately 10- to 30-percent of its portfolio will be exposed to China A-shares listed on the Shanghai and Shenzhen stock exchanges.

※The Fund intends to invest in both onshore and offshore Chinese stocks and can benefit from valuation differences of the same or similar companies in different stock exchanges and dynamics between different markets,§ said Anthony Ho, Deputy CEO of ChinaAMC (HK).

※Given their market potential and sustainable long-term growth outlook, Chinese equities are currently under-represented in the global equities portfolio. The China Select Fund has been designed to generate alpha and enable investors to capitalize on these market opportunities,§ Ho added.

The investment strategy of the China Select Fund is a combination of bottom-up stock selection and top-down macro and sector overlay.

The fund is an open-ended unit trust with multiple share classes (USD, HKD, AUD, SGD, JPY, EUR, and GBP) with a minimum initial investment of $1,000 in any of the currencies (10,000 for JPY). There is no lock-up on the investment and redemptions can be made daily.

The Fund is authorised for distribution to the Hong Kong public and is available in Singapore on a restricted basis as a restricted scheme subject to Singapore regulatory requirements.

Citigroup First Investment Management (CFIM) is a global asset management business established within Citigroup Global Markets. Citigroup First Investment Management Limited, the manager of the Fund, is incorporated in Hong Kong and is regulated by the Hong Kong Securities and Futures Commission (SFC). CFIM manufactures investment funds that leverage Citi*s institutional expertise in research, trading, structuring and risk management. CFIM funds are tailored to institutional, retail and wealth management clients and individual investors.

ChinaAMC (HK) was established in September 2008 as a fully-owned subsidiary of ChinaAMC. ChinaAMC (HK) is licensed by the SFC to engage in asset management and securities advisory activities and represents part of China AMC*s strategy to expand its business overseas. Since August 2009, ChinaAMC (HK) has launched offshore funds that invest in both domestic and overseas Chinese companies.

About Citi

Citi, the leading global financial services company, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Through Citicorp and Citi Holdings, Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Additional information may be found at or

About China Asset Management Co., Ltd

Established on April 9, 1998 with approval from the China Securities Regulatory Commission (CSRC),

China Asset Management Co.,Ltd (China AMC) is one of the first nation-wide fund management firms with the widest business range in China. Its head office is located in Beijing, with branches in Beijing, Shanghai, Nanjing, Shenzhen and Chengdu. ChinaAMC is one of the first fund management companies to manage the National Social Security Fund and the Corporate Annuities, the manager of the first ETF in China*s mainland, the sole investment manager for the Asian Bond Fund in China, among the first batch of managers of both QDII funds and separate accounts in February 2008.

China Select Fund Details

Fund*s Legal Name China Select Fund
Manager Citigroup First Investment Management Limited
Sub-Manager China Asset Management (Hong Kong) Limited
Type Open-ended unit trust domiciled in the Cayman Islands, a Sub-Fund of Citi
Investment Trust (Cayman) II
Style China Equities (A-share and B-share markets), Hong Kong, United States,
Taiwan, Singapore and other countries
Base Currency USD
Minimum Investment AUD 1,000/EUR 1,000/GBP 1,000/HKD 1,000/SGD 1,000/USD 1,000 and JPY 10,000
Preliminary Charges Up to 5%. No exit fees
Switching Fee Up to 2%
Management Fees 1.8% p.a.
Performance Fees 10% of appreciation in the net asset value per unit during a performance
period above the high watermark of the relevant class of units.
Dealing Frequency Daily subscription/ redemption
Trustee & Custodian Cititrust (Cayman) Limited and Citibank, N.A (HK branch)

Please refer to the explanatory memorandum for details of fees and charges.


Written by asiafreshnews

November 22, 2010 at 11:08 am

Posted in Uncategorized

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TCL’s ‘Happy Cube’ Pavilion Opens to the Public

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2010-11-15 08:43 


GUANGZHOU, China, Nov. 15, 2010 /PRNewswire-Asia/ — A grand opening ceremony was held to celebrate the revealing of TCL’s Happy Cube pavilion to the public, two days before the official Opening Ceremony of the 16th Asian Games. Hundreds of guests from various countries attended the event at the Happy Cube, located in the Grandview Plaza, Tianhe Road. Guangzhou Asian Games Organizing Committee (GAGOC) and TCL planned the event, which featured live performances, dancing and elaborate costumes displaying Guangzhou culture. Audience members crowded around the stage before the event started and were treated to a spectacular array of entertainment.

TCL’s Happy Cube, covering an area of about 2,000 square meters, is located in the center of the Grandview Plaza, a bustling and prosperous area of Guangzhou. The Happy Cube is an impressive modern construction; LCD TVs are stacked inside the steel matrixes at the front entrance of the cube, a dazzling display of multimedia. The main colors of the Happy Cube — red, green, and blue, — represent respectively, the athletics, science, and the future of technology. The cube has the capacity to support 4000 people and is one of the largest pavilions at the Asian Games.

The Happy Cube contains four main areas. Visitors of TCL’s Happy Cube will enjoy entertainment enabled by TCL’s advanced technology: the first 3D, animated version of “The Night Revels of Han Xizai”, by Gu Hongzhong, a Chinese painter during the Five Dynasties and Ten Kingdoms period, multimedia shows of the development of the Asian Games, virtual basketball and bubble games, and TCL’s newest technology. One such product is TCL’s renowned 3D autostereoscopic TV – a 3D TV that gives the 3D affect – without the use of glasses.

COO of TCL Corporation, Lianming Bo, said, “TCL is rooted in Guangzhou and fully supports the Asian Games being held in its hometown. With our most up-to-date products and 3D technology, we hope to offer a truly unique, on-site, ‘new vision’ to audience members watching the games on our screens.”

Bo further stated that TCL will be providing 6000 TVs and monitors placed throughout all the main venues, 43 sets of LED large screens, security, and general overall support brought by over 1000 TCL employees.


SOURCE TCL Corporation


Written by asiafreshnews

November 22, 2010 at 10:02 am

Posted in Technology