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Archive for July 29th, 2011

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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