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AIA Reports Record First Half Results

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HONG KONG, July 29, 2011 /PRNewswire-Asia/ — AIA Group Limited (“AIA” or “the Group”; stock code: 1299), the leading pan-Asian life insurance group, is pleased to announce a record performance for the six months ended 31 May 2011, with Value of New Business (VONB) rising 32 per cent compared with the same period last year to US$399 million.

Embedded Value (EV) increased 11 per cent to US$27,394 million and Annualised New Premium (ANP) for the period rose 23 per cent to US$1,094 million. VONB margin rose 2.3 percentage points to 36 per cent.

Under International Financial Reporting Standards (IFRS), the Group reported Net Profit of US$1,314 million for the period, an increase of 24 per cent compared with the same period in the previous year. Operating profit after tax rose 8 per cent to US$967 million.

Commenting on these positive results, Mr. Mark Tucker, AIA’s Group Chief Executive and President, said: “AIA’s strong performance across all of our key financial performance measures demonstrates the excellent progress we have made in executing our growth strategy. There is much more to come.”

AIA’s record-breaking performance reflects the Group’s success across the region in building its Premier Agency sales force and boosting agent productivity, focusing on helping meet the savings and protection needs of its customers, improving customer experience and retention and on developing new and deepening existing relationships with bank partners.

AIA also declared its first dividend since listing, an interim dividend of 11 Hong Kong cents per share.

“We are pleased to declare our first dividend since our listing last October 每 an interim dividend of 11 Hong Kong cents per share. This dividend payment reflects the strong cash flow inherent in AIA’s business,” said Mr. Tucker. “We are confident in our ability to maintain a prudent and progressive dividend, in addition to being able to self-finance our strong new business growth.”

As well as generating record new business, the first half of 2011 saw AIA become a constituent stock in Hong Kong’s benchmark Hang Seng Index, making it one of the city’s blue chip stocks just over 6 months after its record breaking initial public offering.

“AIA is a story of growth in the most dynamic region of the world. Asia has been our home for over ninety years and it remains the most attractive place in the world to do business given the long term economic outlook and demographic trends which fuel the region’s savings and protection needs.

“The scale of our franchise, our financial strength, our motivated staff and agents, our product innovation and pan-regional expertise are some of the competitive strengths we can deploy to create value from this Asian opportunity. We are highly confident about AIA’s ongoing growth in Asia,” said Mr. Tucker.

– End –

For more information please refer to our announcement today on the Hong Kong Stock Exchange, the Investor Relations section of our web site http://www.AIA.com or contact us on the numbers provided.

Media Investment Community
Paul Scanlon +852 2832 6178 Paul Lloyd +852 2832 6160
Sonia Tsang +852 2832 1868 Angela Chang +852 2832 5480
Emerald Ng +852 2832 4720 Feon Lee +852 2832 4704

For detailed information, please visit the following link:
http://aia.com/en/Media/Press-Releases

About the AIA Group

AIA Group Limited and its subsidiaries comprise the largest independent publicly listed pan-Asian life insurance group in the world. It has wholly-owned main operating subsidiaries or branches in 14 markets in Asia Pacific – Hong Kong, Thailand, Singapore, Malaysia, China, Korea, the Philippines, Australia, Indonesia, Taiwan, Vietnam, New Zealand, Macau and Brunei and a 26% joint venture shareholding in India.

The business that is now AIA was first established in Shanghai over 90 years ago. It is a market leader in the Asia Pacific region (ex-Japan) based on life insurance premiums and holds leading positions across the majority of its markets. It has total assets of US$115,782 million as of 31 May 2011.

AIA meets the savings and protection needs of individuals by offering a comprehensive suite of products and services including retirement planning, life insurance and accident and health insurance. The Group also provides employee benefits, credit life and pension services to corporate clients. Through an extensive network of more than 230,000 agents and approximately 20,000 employees across Asia Pacific, AIA serves the holders of over 23 million individual policies and over 10 million participating members of group schemes.

AIA is listed on the Main Board of The Stock Exchange of Hong Kong Limited under the stock code ‘1299’ with American Depositary Receipts (Level 1) being traded on the OTC market (ticker symbol: “AAGIY”).

This document contains forward looking statements relating to AIA Group Limited that are based on the beliefs of our management as well as assumptions made by and information currently available to our management. These forward looking statements are, by their nature, subject to significant risks. When used in this document, the words “will”, “plan”, “should” and similar expressions are intended to identify forward looking statements. You are strongly cautioned that reliance on any forward looking statements involves known and unknown risks and uncertainties. Actual results and events may differ materially from information contained in the forward looking statements.

SOURCE﹛AIA Group

Written by asiafreshnews

July 29, 2011 at 5:45 pm

Posted in Uncategorized

AIA Reports Record First Half Results

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HONG KONG, July 29, 2011 /PRNewswire-Asia/ — AIA Group Limited (“AIA” or “the Group”; stock code: 1299), the leading pan-Asian life insurance group, is pleased to announce a record performance for the six months ended 31 May 2011, with Value of New Business (VONB) rising 32 per cent compared with the same period last year to US$399 million.

Embedded Value (EV) increased 11 per cent to US$27,394 million and Annualised New Premium (ANP) for the period rose 23 per cent to US$1,094 million. VONB margin rose 2.3 percentage points to 36 per cent.

Under International Financial Reporting Standards (IFRS), the Group reported Net Profit of US$1,314 million for the period, an increase of 24 per cent compared with the same period in the previous year. Operating profit after tax rose 8 per cent to US$967 million.

Commenting on these positive results, Mr. Mark Tucker, AIA’s Group Chief Executive and President, said: “AIA’s strong performance across all of our key financial performance measures demonstrates the excellent progress we have made in executing our growth strategy. There is much more to come.”

AIA’s record-breaking performance reflects the Group’s success across the region in building its Premier Agency sales force and boosting agent productivity, focusing on helping meet the savings and protection needs of its customers, improving customer experience and retention and on developing new and deepening existing relationships with bank partners.

AIA also declared its first dividend since listing, an interim dividend of 11 Hong Kong cents per share.

“We are pleased to declare our first dividend since our listing last October 每 an interim dividend of 11 Hong Kong cents per share. This dividend payment reflects the strong cash flow inherent in AIA’s business,” said Mr. Tucker. “We are confident in our ability to maintain a prudent and progressive dividend, in addition to being able to self-finance our strong new business growth.”

As well as generating record new business, the first half of 2011 saw AIA become a constituent stock in Hong Kong’s benchmark Hang Seng Index, making it one of the city’s blue chip stocks just over 6 months after its record breaking initial public offering.

“AIA is a story of growth in the most dynamic region of the world. Asia has been our home for over ninety years and it remains the most attractive place in the world to do business given the long term economic outlook and demographic trends which fuel the region’s savings and protection needs.

“The scale of our franchise, our financial strength, our motivated staff and agents, our product innovation and pan-regional expertise are some of the competitive strengths we can deploy to create value from this Asian opportunity. We are highly confident about AIA’s ongoing growth in Asia,” said Mr. Tucker.

– End –

For more information please refer to our announcement today on the Hong Kong Stock Exchange, the Investor Relations section of our web site http://www.AIA.com or contact us on the numbers provided.

Media Investment Community
Paul Scanlon +852 2832 6178 Paul Lloyd +852 2832 6160
Sonia Tsang +852 2832 1868 Angela Chang +852 2832 5480
Emerald Ng +852 2832 4720 Feon Lee +852 2832 4704

For detailed information, please visit the following link:
http://aia.com/en/Media/Press-Releases

About the AIA Group

AIA Group Limited and its subsidiaries comprise the largest independent publicly listed pan-Asian life insurance group in the world. It has wholly-owned main operating subsidiaries or branches in 14 markets in Asia Pacific – Hong Kong, Thailand, Singapore, Malaysia, China, Korea, the Philippines, Australia, Indonesia, Taiwan, Vietnam, New Zealand, Macau and Brunei and a 26% joint venture shareholding in India.

The business that is now AIA was first established in Shanghai over 90 years ago. It is a market leader in the Asia Pacific region (ex-Japan) based on life insurance premiums and holds leading positions across the majority of its markets. It has total assets of US$115,782 million as of 31 May 2011.

AIA meets the savings and protection needs of individuals by offering a comprehensive suite of products and services including retirement planning, life insurance and accident and health insurance. The Group also provides employee benefits, credit life and pension services to corporate clients. Through an extensive network of more than 230,000 agents and approximately 20,000 employees across Asia Pacific, AIA serves the holders of over 23 million individual policies and over 10 million participating members of group schemes.

AIA is listed on the Main Board of The Stock Exchange of Hong Kong Limited under the stock code ‘1299’ with American Depositary Receipts (Level 1) being traded on the OTC market (ticker symbol: “AAGIY”).

This document contains forward looking statements relating to AIA Group Limited that are based on the beliefs of our management as well as assumptions made by and information currently available to our management. These forward looking statements are, by their nature, subject to significant risks. When used in this document, the words “will”, “plan”, “should” and similar expressions are intended to identify forward looking statements. You are strongly cautioned that reliance on any forward looking statements involves known and unknown risks and uncertainties. Actual results and events may differ materially from information contained in the forward looking statements.

SOURCE﹛AIA Group

Written by asiafreshnews

July 29, 2011 at 5:45 pm

Posted in Uncategorized

Study Confirms that OrbusNeich’s Genous (TM) Stent Effectively Captures Circulating Endothelial Progenitor Cells to Accelerate Re-Endothelialization and Decrease Thrombogenicity

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Data from Ex Vivo Shunt Model of Human Circulating Blood and Other Studies Published in European Heart Journal

HONG KONG, July 28, 2011 /PRNewswire-Asia/ — OrbusNeich today announced that data from an ex vivo arteriovenous (AV) shunt model of human circulating blood, in addition to results from three preclinical studies, demonstrated that the Genous Stent effectively captures circulating CD34+ endothelial progenitor cells (EPCs) leading to accelerated re-endothelialization and decreased thrombogenicity compared to bare metal stents (BMS). These mechanistic data were published as an e-publication on the European Heart Journal website.

Data from the ex vivo human AV shunt study showed that EPC deposition on the struts of the Genous Stent was enhanced by 32.5 percent compared to BMS. In addition, the expression of specific endothelial markers increased significantly in cells deposited on the Genous Stent compared to those on the BMS. The data also showed a significant decrease in the expression of thrombotic markers associated with Genous.

“These data demonstrate the effectiveness of the capture of CD34+ cells for endothelialization and the prevention of thrombosis,” said Eric J. Duckers, M.D., Ph.D., of the Thoraxcenter at Erasmus University Medical Center in Rotterdam, The Netherlands, and senior author of the publication. “This mechanism of early endothelialization supports the usage of Genous’ unique EPC capture technology especially for patients who are at higher risk of thrombosis.”

For the ex vivo human study, 15 patients undergoing coronary angiography received an extracorporeal femoral AV shunt containing a Genous Stent and a BMS, which were exposed to circulating blood for up to 120 minutes. The cell depositions on the struts were determined by confocal and scanning electron microscopic analysis (SEM). Expression of endothelial and thrombotic markers was determined using quantitative polymerase chain reaction (qPCR).

“We were able to see a significant difference between the Genous Stent and the bare metal stent in promoting EPC capture and reducing acute thrombogenicity,” said Renu Virmani, M.D., of the CVPath Institute Inc. in Gaithersburg, Md., and co-author of publication. “The Genous Stent appears to not only promote the adhesion of human EPCs, but it also reduces the adhesion of fibrin, platelets and inflammatory cells, all of which are important for the prevention of thrombus.”

Further studies validating the EPC capture concept were conducted in vitro and in two animal models. An in vitro cell-capture assay demonstrated a preferential adhesion of human peripheral blood-derived CD34+ cells to the Genous Stent, with 86 percent of the attached cells positive for CD34 compared to 26 percent of cells on the BMS. In a baboon AV shunt model, the investigators showed that the Genous Stent inhibits in-stent thrombosis, as indicated by a significant increase in platelet deposition on the BMS compared to the Genous Stent. In a rabbit endothelial denudation model, qPCR analysis of endothelial marker expression indicated that the Genous Stent significantly promotes re-endothelialization at seven days compared to BMS.

About Genous

Genous is OrbusNeich’s patented EPC capture technology that promotes the accelerated natural healing of the vessel wall after the implantation of blood-contact devices such as stents. The technology consists of an antibody surface coating that attracts EPCs circulating in the blood to the device to form an endothelial layer that provides protection against thrombosis and modulates restenosis.

The Genous Stent, which has been commercially available in more than 60 countries since 2005, has been proven as a safe, effective alternative to drug eluting stents and is supported by data from more than 6,000 patients in company-sponsored clinical studies. There is a growing body of evidence from multiple clinical studies that the Genous Stent is effective for patients who are non-responsive to or cannot tolerate long-term dual antiplatelet therapy.

About OrbusNeich

OrbusNeich is a global company that designs, develops, manufactures and markets innovative medical devices for the treatment of vascular diseases. Current products are the world’s first pro-healing stent, the Genous Stent, as well as other stents and balloons marketed under the names of Azule(TM), R stent, Scoreflex(TM), Sapphire(TM), Sapphire II and Sapphire NC. Development stage products include the Combo(TM) Bio-engineered Sirolimus Eluting Stent, or Combo Stent, which combines the Genous pro-healing technology for rapid endothelial coverage with an abluminal sirolimus drug elution for the control of neointimal proliferation. OrbusNeich is headquartered in Hong Kong and has operations in Shenzhen, China; Fort Lauderdale, Fla.; Hoevelaken, The Netherlands; and Tokyo, Japan. OrbusNeich, which has provided medical devices to physicians through its predecessor companies since 1979, supplies products today to interventional cardiologists in more than 60 countries. For more information, visit http://www.OrbusNeich.com.

Follow OrbusNeich on Twitter at http://www.twitter.com/OrbusNeich, and learn more about the company and the Genous technology on OrbusNeich’s YouTube Channel: http://www.youtube.com/user/OrbusNeich

SOURCE﹛OrbusNeich

Written by asiafreshnews

July 29, 2011 at 5:31 pm

Posted in Uncategorized

DFC 2011 Inspires Many more Children in Singapore

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2011-07-27 12:27
This year’s SoCh-promoted DFC Singapore sees 80 teams, a six times increase in the number since last year.

SINGAPORE, July 27, 2011 /PRNewswire-Asia/ — Social Change in Action (SoCh) is proud to kick off this year’s global program Design for Change (DFC) Challenge that empowers children to recognise social challenges in their community; design & execute their solutions to enact lasting change. With nearly six times the participation compared to last year, this year’s participation has risen sharply, with 80 teams taking part from 27 schools up from 14 teams last year.

SoCh in Action is a registered social enterprise in Singapore and the only authorized organisation to run the internationally-renowned DFC Challenge in Singapore. For more information on SoCh, please visit http://www.SoChinAction.com

DFC is now the World’s Largest Change movement by Children, designed to give children aged 9-14 years old an opportunity to express their own ideas for a better world and put them into action. The global movement currently reaches out to 300,000 schools in 33 countries worldwide. (For more information on DFC, please visit http://www.designforchangecontest.com)

Launched in 2010 in Singapore, SoCh saw a range of social projects done by Singaporean school children aged 9-14 years old. To deepen the engagement of students with their projects and enable them to come up with even better ideas and executable strategies, SoCh introduced a workshop module called CatCh or Catalyst for Change that equipped participating students with skills to creatively design and implement solutions.

Around 450 students have gone through CatCh workshops this year and are designing and executing their own projects currently.

“It is truly inspiring seeing these young people take matters into their own hands and solve problems that would stump even adults,” said Madhu Verma, Founder & Managing Director, SoCh in Action.

“There is nothing that can match the pride and achievement these children feel when they realise that they have managed to make a difference all on their own.”

One of the schools fielding in multiple teams is Raffles Institution.

Lim Yoke Tong, Assistant Head of Dept, Research Education, Raffles Institution, commented: “Doing community work is a way of life among Rafflesians and this DFC and Catch are definitely good platforms for our students!”

“We are proud to have 22 groups of participants for SoCh 2011 programs,” added Cheryl Yap, Head of Dept, Research Education, Raffles Institution. “The students are very excited about initiating changes to their community in whatever capacity that they can.”

Amongst the 26 schools are Telok Kurau Primary, Pasir Ris Primary, Damai Secondary, Northland Primary, Sembawang Secondary, Shuqun Primary, Unity Secondary, and Zhangde Primary to name a few.

Entries will be judged by local panel of judges and experiential prizes will be awarded to five outstanding projects under various categories. All the participants will also get an opportunity to exhibit their work at the ‘Be the Change’ Exposition in October this year.

The details of the venue and the time of the exposition will be revealed soon.

SoCh in Action designs and implements various programs and events for the community to be involved in the social change process. Its belief is that anyone can be a change-maker; through new thoughts, simple beliefs and small actions. For partnership opportunities write to Madhu Verma at madhu@SoChinAction.com. For more details visit http://www.SoChinAction.com

Press Contacts
Donna Garcia / John Tan
Rice Communications for Design For Change Singapore
Tel.: +65-6221-8045 / 8729
Email: donna.garcia@ricecomms.com / john.tan@ricecomms.com
SOURCE Social Change in Action

Written by asiafreshnews

July 29, 2011 at 2:05 pm

Posted in Uncategorized

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Airports See Fast Growth in the Retail and Duty Free Sector

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2011-07-26 15:08 

 

SINGAPORE, July 26, 2011 /PRNewswire-Asia/ — Transport IQ, along with the 7th Annual Maximising Non-Aeronautical Revenue through Airport Services Summit  recently conducted a survey with travel retail and airport professionals. The results point unanimously to the fact that airports worldwide are intending to grow their non-aeronautical revenues from the current 20-40 percent to a high of above 50 percent.

Driving this growth is the sales that retail and duty free outlets in airports are achieving. 62% of respondents said this is their biggest non-aeronautical revenue generator currently and is also the area seeing the fastest growth.

Its findings also demonstrate that airports are increasingly becoming tech-savvy, with nearly 90% of respondents indicating that they are already using, or are looking to use, social media to promote their non-aeronautical revenues.

The 7th Annual Maximising Non-Aeronautical Revenue through Airport Services Summit to be held on the 6 and 7 of October will discuss creative solutions to capitalise on the current upturn in the market and further increase non-aeronautical revenues.

Log on to www.airportrevenuesummit.com (link to http://www.airportrevenuesummit.com/Event.aspx?id=539252&mac=MPPRNWPR ) for the complete survey results and list of topics and speakers at the event.

To register, send an email to enquiry@iqpc.com.sg

About IQPC Worldwide:

For over thirty years, IQPC has helped the world’s leading corporations solve their business challenges through the sharing of practical industry solutions and global best practice. In the process, the company has built a formidable reputation for quality and value. The world’s most progressive companies have benefited from IQPC’s unrivalled global reach, which has connected international expertise with regional and local leaders.

Media contact:

Joyce Shi
Tel: +65-6722-9446
Email: joyce.shi@iqpc.com.sg

 

SOURCE International Quality & Productivity Centre (IQPC)

Written by asiafreshnews

July 28, 2011 at 2:25 pm

Posted in Business & Finance

Tommy Hilfiger Appoints John Ermatinger as CEO of the Company’s Asia Business

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Newly created position will oversee all business activities in Asia

HONG KONG, July 27, 2011 /PRNewswire-Asia/ — The Tommy Hilfiger Group, which is wholly owned by PVH Corp. (NYSE: PVH), is pleased to announce the appointment of John Ermatinger to Chief Executive Officer of the Company’s Asia business, effective August 1, 2011. In this newly created position Mr. Ermatinger will report to Fred Gehring, Chief Executive Officer of the Tommy Hilfiger Group. Mr. Ermatinger will be based in the Tommy Hilfiger Hong Kong offices.

As CEO of the Asia business, Mr. Ermatinger will oversee all business activities in Asia, including the subsidiary Tommy Hilfiger Japan, the joint venture Tommy Hilfiger China, and the various licensed businesses throughout the territory.

“I am extremely pleased to appoint John Ermatinger to this new position within our Group,” said Fred Gehring, CEO of the Tommy Hilfiger Group. “The Company has a strong presence in the majority of Asian markets, but we believe that an increased effort led by a seasoned executive such as John will further enhance our presence. We have learned from our experience in Europe that the business benefits greatly when subtle adaptations and focused, regionally relevant dedication is applied. John is the ideal candidate to successfully lead the Company’s great growth opportunities in Asia, given his broad experience as a global retail executive with particular expertise in this region. We look forward to working with John in this important endeavor to expand our business in Asia.”

Said John Ermatinger: “After five successful years with Gap Japan and more recently China as well, I am very excited that the opportunity to join Tommy Hilfiger crossed my path. I believe that the Tommy Hilfiger core brand DNA makes it very attractive to the youthful Asian market and that the base from which we will be working is already quite significant through the territory. There is great opportunity for significant growth, and I look forward to building the business by further improving the overall proposition as it relates to the specific needs of this large market.”

Mr. Ermatinger most recently served as President of Gap Asia Pacific for two years and President of Gap Japan for three years. Under his leadership, Gap successfully launched the brand in China. Prior to Gap, Mr. Ermatinger was the General Manager of Asia Pacific Apparel and Asia Hub Director of Global Apparel Sourcing for Nike Inc. From 1973 to 1998, Mr. Ermatinger held various positions at Levis Strauss & Co. including President of Levi Strauss The Americas.

About The Tommy Hilfiger Group

With a premium lifestyle brand portfolio that includes Tommy Hilfiger and Hilfiger Denim, the Tommy Hilfiger Group is one of the world’s most recognized designer apparel groups. Its focus is designing and marketing high-quality menswear, womenswear, children’s apparel and denim collections. Through select licensees, the Group offers complementary lifestyle products such as accessories, fragrances and home furnishings. Merchandise under the Tommy Hilfiger brands is available to consumers worldwide through an extensive network of Tommy Hilfiger retail stores, leading specialty and department stores and other select retailers and retail channels. For additional information about the Tommy Hilfiger Group, please visit www.tommy.com.

About PVH Corp.

PVH Corp., one of the world’s largest apparel companies, owns and markets the iconic Calvin Klein and Tommy Hilfiger brands worldwide. It is the world’s largest shirt and neckwear company and markets a variety of goods under its own brands, Van Heusen, Calvin Klein, Tommy Hilfiger, IZOD, ARROW, Bass and G.H. Bass & Co., and its licensed brands, including Geoffrey Beene, Kenneth Cole New York, Kenneth Cole Reaction, MICHAEL Michael Kors, Sean John, Chaps, Donald J. Trump Signature Collection, JOE Joseph Abboud and DKNY.

SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: Forward-looking statements made in this press release, including, without limitation, statements relating to the future plans, strategies, objectives, expectations and intentions of PVH Corp. and its subsidiaries (collectively, the “Company”), are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements are inherently subject to risks and uncertainties, many of which cannot be predicted with accuracy, and some of which might not be anticipated, including, without limitation, the following: (i) the Company’s plans, strategies, objectives, expectations and intentions are subject to change at any time at the discretion of the Company; (ii) the levels of sales of the Company’s licensees at wholesale and retail, and the extent of discounts and promotional pricing in which the Company’s licensees and other business partners are required to engage, all of which can be affected by weather conditions, changes in the economy, fuel prices, reductions in travel, fashion trends, consolidations, repositionings and bankruptcies in the retail industries, and other factors; (iii) civil conflict, war or terrorist acts, the threat of any of the foregoing, or political and labor instability in any of the countries where the Company’s licensees’ or other business partners’ products are sold, produced or are planned to be sold or produced; (iv) disease epidemics and health related concerns, which could result in closed factories, reduced workforces, scarcity of raw materials and scrutiny or embargoing of goods produced in infected areas, as well as reduced consumer traffic and purchasing, as consumers limit or cease shopping in order to avoid exposure or become ill; (v) the failure of the Company’s licensees to market successfully licensed products or to preserve the value of the Company’s brands, or their misuse of the Company’s brands.; and (vi) other risks and uncertainties indicated from time to time in the Company’s filings with the Securities and Exchange Commission.

The Company does not undertake any obligation to update publicly any forward-looking statement, whether as a result of the receipt of new information, future events or otherwise.
SOURCE The Tommy Hilfiger Group

Written by asiafreshnews

July 28, 2011 at 10:28 am

Posted in Business & Finance

Rail Transport in Hanoi and Ho Chi Minh Set to be 45 Percent of the City’s Total Movement Demand

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2011-07-25 10:00 

 

SINGAPORE, July 25, 2011 /PRNewswire-Asia/ — In 2008, Vietnam’s Prime Minister Nguyen Tan Dung approved plans to invest US$15 billion over the next 12 years for metro railway projects for Hanoi and Ho Chi Minh City, projecting Vietnam onto the global stage as one of the biggest spenders for Urban Rail, but the global economic meltdown made funding a major challenge.

Fast-forward to 2011, it is a different story. The Asian Development Bank has started the ball rolling with a US$1.15 billion loan to the Vietnam government as the Vietnam government is on schedule to begin construction on the Ho Chi Minh City and Hanoi city metro railway lines this year. Is this a sign of more investment to come?

Will the Vietnamese government welcome more foreign investment? Who are the players already involved?

Dr. Luu Xuan Hung, the Vice Director of the Hanoi Metropolitan Rail Transport Board, explains that by the year 2020,the public transport ratio by UMRT in Hanoi and HCM city shall be around 35% – 45% of the city’s total movement demand.

“The government plans to allocate 3.5% – 4.5% of the GDP in their budget, raising the investment rate in transportation infrastructure, and will be looking into mobilizing all possible sources from the economic components. The private sector will be included in the different models for investment in building the transport infrastructure, especially under PPP, BOT, BT & BTO, and Vietnam is expecting investment to come from the local as well as overseas investors,” he said.

Dr. Luu Xuan Hung will share his department’s plans for Urban Rail in Hanoi, and will provide details on the proposed Hanoi Noi Bai airport line, and the role for stakeholders and their search for solution providers at the Metro Rail Vietnam conference, meeting in Hanoi on 23-24 August.

Visit www.metrorailvietnam.com or email maria.andersson@iqpc.com.sg to find out more.

Press and media please contact:

Maria Andersson
Tel: +65-6722-9404
Email: Indre.Riley@iqpc.com.sg

 

SOURCE International Quality & Productivity Centre (IQPC)

Written by asiafreshnews

July 27, 2011 at 2:30 pm

Posted in Business & Finance

GlassHouse Technologies Partners with Cable&Wireless Worldwide to Reduce Carbon Footprint

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GlassHouse Technologies Partners with Cable&Wireless Worldwide to Help Companies in Australia Move to the Cloud and Reduce Carbon Footprint

SYDNEY, July 26, 2011 /PRNewswire-Asia/ — GlassHouse Technologies, a global data centre consulting and services firm, has today announced that it has entered into a strategic partnership with Cable&Wireless Worldwide, a leading provider of global telecommunication services. The partnership builds on the success of the UK relationship and joins GlassHouse’s consulting expertise with C&W Worldwide’s range of hosting services to provide Australian enterprises with consultation to help them migrate to cloud based services.

The comprehensive cloud services provided by the GlassHouse and C&W Worldwide partnership include a strategic assessment of the customer’s current infrastructure, a roadmap to achieve the desired end state, then the methodical deployment of the required technology and process changes to achieve that goal with no disruption to the customer’s day-to-day business.

GlassHouse’s consulting team provides the upfront expertise to design and architect custom solutions for C&W Worldwide customers in Australia, and partners with the C&W Worldwide team to help them implement those plans.

“The C&W Worldwide and GlassHouse partnership facilitates a low-risk consultative approach, addressing the adoption issues associated with governance, service levels and assurance. Enterprises are taken through a full audit of their applications which addresses their availability needs. They will also have an opportunity to do a test migration of non-critical applications before moving their mission-critical applications and infrastructure to the cloud platform. With the strategic consultation GlassHouse offers, we can help our customers make the transition to cloud computing in a way that suits them,” says Carl Gough, global client director for C&W Worldwide in Sydney.

Gough adds: “The GlassHouse and C&W Worldwide relationship in Australia is gaining traction, with a number of live consulting engagements already in the pipeline. Businesses in Australia face a lot of challenges with the upcoming introduction of carbon tax, and we are seeing much interest in the data centre and application performance optimisation space, clearly with the aim of reducing the data centre power footprint.”

“Teaming with C&W Worldwide allows us to continue helping customers gain efficiency and cost benefits in their IT infrastructure as well as take advantage of a cloud-based model,” says Mark Shirman, CEO of GlassHouse. “C&W Worldwide is a natural partner for GlassHouse since we are both focused on helping customers optimise their assets to support business agility and growth.”

About GlassHouse

GlassHouse Technologies is a global provider of data center consulting and managed services. In a rapidly changing data center environment, GlassHouse partners with customers to define a strategy, execute that plan and operate their environment. Our constant focus is on cost efficiency, risk mitigation and service improvement. We provide this through Transom, our unique business model comprised of proprietary software tools, methodologies and domain expertise.

We help deliver on the promise of agility and usage-based spending in the next generation infrastructure paradigm. This journey is significant and requires an experienced and pragmatic guide to help you achieve your goals. Our experience is based on thousands of projects in addition to ongoing daily operations of customer environments.

Visit the GlassHouse blog( http://www.glasshouse.com/resources/blog ) for expert commentary on key data center issues facing today’s enterprises and follow us on twitter at #GlassHouse_Tech.

About Cable&Wireless Worldwide

Cable&Wireless Worldwide (LSE: CW.) is a leading global telecoms company providing a wide range of high-quality managed voice, data, hosting and IP-based services and applications to large multinational companies, governments, carrier customers and resellers across the UK, Asia Pacific, India, Middle East & Africa, Continental Europe and North America. Established in the 1860s, Cable&Wireless Worldwide helps more than 6,000 organisations deliver their goals. The Group’s vision is to be the first choice for mission critical communications.

Reaching 20,500km in length, Cable&Wireless Worldwide owns the UK’s largest fibre network dedicated to business users of telecoms, and provides ubiquitous nationwide access through a combination of fibre, digital, microwave, radio and leased circuits. The network has presence in over 400 towns and cities in the UK, with 864 unbundled exchanges covering 56% of the population.

Internationally, Cable&Wireless Worldwide’s global next-generation network (NGN) stretches to more than 425,000km, including interests in 60 global cable systems, enabling connectivity to more than 150 countries. The Group’s IP-based Multi-Service Platform operates at the core of our NGN, offering a single environment on which voice and data applications can be converged to drive business efficiencies. Cable&Wireless Worldwide’s network is uniquely designed with inbuilt resilience.

With more than 6,000 colleagues globally, Cable&Wireless Worldwide is committed to delivering exceptional customer service and developing long term partnerships with its customers.

To find out more, please visit www.cw.com

Contacts:

CABLE&WIRELESS WORLDWIDE

Michele Soon
Corporate Affairs Manager – Asia Pacific
+65-9321-3191
michele.soon@cw.com

Timothy Weller
Pelham Bell Pottinger Asia
Senior Associate
+65-6333-3449
tweller@pbp.asia
SOURCE Cable&Wireless Worldwide

Written by asiafreshnews

July 27, 2011 at 11:59 am

Posted in Business & Finance

Terilogy Accelerates Business Expansion Across Asia Pacific with New Channel Partnerships and Hong Kong Office Opening

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2011-07-25 10:00
Partnership agreements with SevOne and TS-Associates mark significant milestones in Terilogy’s regional expansion strategy

SINGAPORE, July 25, 2011 /PRNewswire-Asia/ — Terilogy, a Japan-based leading global provider of service assurance and next-generation network infrastructure solutions, has entered into definitive partnership agreements with SevOne and TS-Associates to offer a comprehensive portfolio of best-of-breed network infrastructure, network performance management and precision instrumentation solutions and services across Asia Pacific. The company also plans to open an office in Hong Kong in August 2011.

Under the agreement, Terilogy will integrate SevOne Performance Appliance Solution (SevOne PAS™) with its end-to-end network infrastructure solution portfolio, and offer the combined technologies and expertise to service providers and enterprises across various industry sectors in Asia Pacific outside Japan, including telecommunications, financial services, government, education and manufacturing.

Additionally, Terilogy has inked an agreement with TS-Associates, a leading supplier of precision instrumentation solutions for latency sensitive financial trading systems, to provide precision instrumentation and integration services for financial institutions across Asia Pacific outside Japan, particularly regional financial centres such as Hong Kong and Singapore.

The partnerships complement Terilogy’s expansion strategy for Asia Pacific and its extensive partner network across regional markets spanning Australia, mainland China, Hong Kong, India, Singapore, South Korea and Taiwan.

To address the increasing demand for its network infrastructure solutions and services in the region, Terilogy plans to open an office in Hong Kong in August this year, its first direct office outside Japan.

Henry Young, CEO of TS-Associates, said, “Terilogy is a leading network solutions company known for its technical expertise. Our partnership with Terilogy is central to our strategy of providing TS-Associates Precision Instrumentation solutions to our global customer base. Demand for instrumentation applied to electronic trading systems is rapidly growing. We are pleased to be working in close partnership with the Terilogy team across the whole Asia Pacific region, which is committed to applying their substantial expertise to integrating and reselling our solutions, and helping our joint customers meet the challenges of deploying the next generation of ultra low latency electronic trading systems.”

“I have been impressed with how easy it has been to work with the Terilogy team, and with their ability to address the next-generation performance management market requirements through partnerships with best-of-breed vendors like SevOne and TS-Associates,” said Michael Phelan, President and CEO of SevOne.

Added Bill Conners, CMO, SVP Product Marketing of SevOne, “There is a lot of demand for new network management solutions in the Asia-Pacific region, so we are pleased that Terilogy, our valuable partner in this region, is expanding its presence.”

Terilogy will participate in Trading Architecture Asia 2011 with TS-Associates scheduled to be held in Hong Kong on September 6-8.

About Terilogy

Terilogy Co., Ltd. provides network infrastructure solutions and technologies in Japan and internationally. The company’s solutions enable information technology (IT) managers and nontechnical users to manage their IT resources. The company markets its solutions primarily to telecommunications companies and Internet service providers, as well as to various IT-intensive organizations, such as financial services companies, outsourcers of IT services, application service providers, and other multinational companies. Terilogy was founded in 1989 and is headquartered in Tokyo, Japan. Visit us at http://www.terilogy.com.

SOURCE Terilogy Co., Ltd.

Written by asiafreshnews

July 27, 2011 at 10:37 am

Posted in Uncategorized

(ISC)2 Recognizes Pioneering Cyber Security Workforce Initiatives at Its 2011 Information Security Leadership Achievements (ISLA) Gala Dinner in Jakarta

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DR. IR. ASHWIN SASONGKO, DIRECTOR GENERAL FOR INFORMATICS APPLICATIONS, REPUBLIC OF INDONESIA, CELEBRATES FIFTH ANNUAL ISLA WITH HONOREES AND GUESTS

JAKARTA, Indonesia, July 26, 2011 /PRNewswire-Asia/ — (ISC)2(R) (“ISC-squared”), the world’s largest not-for-profit information security professional body and administrators of the CISSP(R), today recognizes four distinguished information security workforce initiatives led by the most outstanding honorees at its fifth annual Asia-Pacific Information Security Leadership Achievements (ISLA) Program Gala Dinner and Ceremony on the evening of July 26 at the Shangri-la hotel in Jakarta, Indonesia. The Guest of Honor, Dr. Ir. Ashwin Sasongko, M.Sc., director general for Informatics Applications, Ministry of Communication and Information Technology, Republic of Indonesia, will congratulate the honorees and deliver his opening address to Gala guests.

“I would like to thank (ISC)2 for hosting the annual Asia-Pacific ISLA celebration in Indonesia. This was made possible thanks in part to the collaborative relationship that the Ministry of Communication and Information Technology for the Republic of Indonesia, UniPro Nuansa Indonesia, the Association of Higher Education in Informatics and Computers in Indonesia (APTIKOM), and (ISC)2 have built over the past few years,” said Dr. Ir. Ashwin Sasongko. “ISLA facilitates a great opportunity for our information security professionals to exchange with and learn from the various global industry leaders that this celebration brings to Indonesia. I congratulate all of this year’s ISLA honorees for their contributions to the information security industry.”

Four distinguished workforce initiatives led by the honorees have been chosen to be showcased. They are:

— Managerial Professional for an Information Security Project
Showcased Honoree and Community Service Star: Soyoung Choi,
vice president, Media Group Infothe (South Korea). As a
decision-maker of a media organization in South Korea,
Ms. Choi is dedicated to educating the professional community
and public at large about the importance of information
security professionalism and awareness. She has been
advocating the roles of corporate and organizational
information security practitioners by stressing the
importance of nurturing local security experts, as well as
fostering a favorable environment for a high-quality
workforce. Ms. Choi said, “This is a joint effort between our
media company and all levels of the community. I hope our
meager effort can facilitate discourse throughout the
community about the importance of information security. As a
media practitioner, I hope that I can assist in building
organic networks with government departments, public agencies,
industry, academia and R&D entities, as well as all levels of
society for information sharing and opinion-gathering.”

— Managerial Professional for an Information Security Project
Showcased Honoree: Mohd Zabri Adil Talib, EnCE, GCFA, head,
Digital Forensics Department at CyberSecurity Malaysia
(Malaysia). Mr. Talib was one of the key figures involved in
the establishment of digital forensic capabilities in
Malaysia. The showcased project is part of a larger five-year
effort that began in 2005. He spearheaded the development of
the Digital Forensics Department, from training analysts to
the final establishment of a full-blown department.
“Throughout the past five years, the digital forensics lab
has shown remarkable achievements, thanks to all the hard
work of my associates. I am proud that our department has
been recognized by (ISC)2 as well as regional peers,” said
Mr. Talib.

— Senior Information Security Professional Showcased Honoree:
Chiung-ying (CY) Huang, CISSP-ISSAP, ISSMP, senior technical
manager of Acer e-Enabling Data Center, Acer Inc. (Taiwan).
Since 2004, Mr. Huang has been the technical head of Acer
Security Operations Center, providing managed security
services to customers, which include major government
agencies and leading enterprises in Taiwan. In 2008, Mr.
Huang started the SOC 2.0 project to design “technical
management” and “operational management” performance indexes
to help evaluate the ROI regarding security investment. The
discovery of new attack methods and malicious proxies are
shared not only with their own customers, but also across all
government agencies in Taiwan. “My team has achieved
fruitful results, discovering new attacks methods and
implementing new rules to detect them, contributing to the
development security practices for government agencies and
other customers,” said Mr. Huang.

— Information Security Practitioner Showcased Honoree: Jong-Oh
Hur, CISSP, CISA, APEC Engineer/EMF-IRPE, project manager for
IT Security Systems, AhnLab Inc. (South Korea). With a goal
to deliver the highest quality education to information
security practitioners in South Korea, Mr. Hur focused on
creating high quality content in an educational environment.
He was involved in a core group of Korean volunteers who
translated (ISC)2’s CBK(R) Review Seminar materials into
Korean, allowing more local security practitioners to gain a
clear understanding of the materials. He also helped to
organize monthly conferences and bi-weekly seminars for the
Korea CISSP Chapter so that local CISSPs could acquire
up-to-date knowledge and discuss industry challenges. “I am
very happy that this project is being recognized, and I also
enjoy seeing the spread of information security
professionalism in Korea and beyond,” said Mr. Hur.

W. Hord Tipton, CISSP-ISSEP, CAP, CISA, executive director of (ISC)2 said, “I truly admire the security professionals who are working diligently to combat increasing pressures to secure our systems, networks and infrastructures that we all rely on to function in our daily lives. This year’s nominees represent some of the top security professionals in Asia-Pacific, whose leadership and mentorship are paving the path for the future of information security. We received the highest number of nominations for this program to date, which we attribute to the expanding field of information security, and the growing demand for qualified professionals. We are also grateful to the ISLA Nomination Review Committee from our Asian Advisory Board for their impartial and dedicated effort to select the showcased honorees amongst so many impressive and diversified initiatives.”

At the ISLA Gala Dinner and Ceremony, members of the (ISC)2 Board of Directors and the (ISC)2 Asian Advisory Board and dignitaries will celebrate with honorees and guests from countries throughout Asia-Pacific, including Australia, Mainland China, Hong Kong, India, Japan, South Korea, Malaysia, Pakistan, and Thailand, as well as local honorees and (ISC)2 members from Indonesia.

For a detailed list of all 2011 ISLA honorees, please visit: https://www.isc2.org/PressReleaseDetails.aspx?id=7733.

About (ISC)2(R)
(ISC)2 is the largest not-for-profit membership body of certified information security professionals worldwide, with nearly 80,000 members in more than 135 countries. Globally recognized as the Gold Standard, (ISC)2 issues the Certified Information Systems Security Professional (CISSP(R)) and related concentrations, as well as the Certified Secure Software Lifecycle Professional (CSSLP(R)), Certified Authorization Professional (CAP(R)), and Systems Security Certified Practitioner (SSCP(R)) credentials to qualifying candidates. (ISC)2’s certifications are among the first information technology credentials to meet the stringent requirements of ANSI/ISO/IEC Standard 17024, a global benchmark for assessing and certifying personnel. (ISC)2 also offers education programs and services based on its CBK(R), a compendium of information security topics. More information is available at http://www.isc2.org.

(C) 2011, (ISC)2 Inc. (ISC)2, CISSP, ISSAP, ISSMP, ISSEP, and CSSLP, CAP, SSCP and CBK are registered marks of (ISC)2, Inc.

Follow (ISC)2 on Twitter (http://www.twitter.com/isc2 ) and YouTube (http://www.youtube.com/isc2tv).

Media Contact:

Kitty Chung
(ISC)2 Asia-Pacific
Tel: +852-35204001
Email: kchung@isc2.org

SOURCE﹛(ISC)2

Written by asiafreshnews

July 26, 2011 at 3:30 pm

Posted in Uncategorized