Asia Fresh News

Asia Fresh Stories

Archive for August 18th, 2011

Birlasoft Pioneers With Governance, Risk and Compliance (GRC) Offering

leave a comment »

Address Global Public and Private Sector Challenges Across Industry Segment

EDISON, N.J., Aug. 17, 2011 /PRNewswire-Asia/ — Birlasoft, the global IT services arm of the multi-billion dollar C K Birla Group, today announced its Governance, Risk and Compliance (GRC( )) strategy designed to help businesses become more agile, gain greater visibility into their data, and balance business risk and responsiveness. Since the law was published in 2010, Birlasoft has setup a domain led competency to carry out comprehensive research and thought leadership for organizations grappling to understand and respond to the law’s still evolving technology requirements.

“Impending regulations, client and internal pressures are driving securities firms to enhance and restructure their compliance and regulatory infrastructure. This will remain a top priority for securities firms for the next few years and drive investments in areas such as OTC Derivatives, market surveillance and risk management,” said Dushyant Shahrawat, CFA, Senior Research Director, TowerGroup( ).

The new GRC solution is developed on Birlasoft’s deep expertise and experience on wide-reaching compliance requirements for different vertical industries. While grouping all governance, risk and compliance solutions under an integrated GRC framework( ), Birlasoft has developed solutions around Dodd Frank Act, to Basel II, to Solvency II, to data privacy compliance and beyond. Birlasoft’s GRC strategic consulting offering will give another tool to IT Leaders and their business counterparts to prepare in advance, enabling higher levels of regulatory requirements, effectively utilizing their resources – allocating budgets to meet their compliance obligations.

“At Birlasoft we have developed a comprehensive and flexible framework to respond to both market dynamics as well as individual organization’s requirements. We can work with our clients to transform risk management challenges into a value-changing capability. The right level of risk management capability can position the company for better economic returns, lower risk, improved value and increased confidence of the stakeholder and hence we are proud to have a pioneering offering in this space which can yield that edge,” said Mr. Basu Dutta, Vice President – Banking & Financial Services (Practice), Birlasoft.

To read more on our GRC offering:

About Birlasoft

Birlasoft, part of 150 year old multi-billion dollar CK Birla Group, enables clients in Banking & Financial Services, Insurance and Manufacturing industry, to become competitive in their business by providing value-based information technology services, in onshore, offshore and near-shore models.
SOURCE Birlasoft

Written by asiafreshnews

August 18, 2011 at 11:20 am

MDIS Opens Brand New 15-Storey Hostel Within Its S$120 Million Integrated Campus

leave a comment »

2011-08-16 09:00 


  • Hostel, catering to foreign students, is one of Singapore’s largest by a private educational institution
  • MDIS will also set up its first postgraduate centre at the campus

SINGAPORE, Aug. 16, 2011 /PRNewswire-Asia/ — New foreign students of MDIS need not have to look far for accommodation – its brand new S$80 million student hostel has opened its doors within the integrated campus in Stirling Road. The 15-storey hostel, one of the largest to be built by a private education institution in Singapore, can accommodate up to 1,700 students.

His Excellency S R Nathan, President of the Republic of Singapore, officially opened the hostel on 8 July, 2011.

The hostel is part of MDIS’ overall development to expand and upgrade its existing Campus as it targets to have 20,000 local and foreign students by 2015.

The hostel is not only notable in its size, but also its design and facilities – and very importantly – its green focus.

MDIS Residences@Stirling, as it is officially called, comes with innovative features to ensure secure and homely comfort for international students. It is the first hostel in Singapore to win the Building and Construction Authority’s (BCA) Green Mark Gold Plus Award for its green features.

“My parents and I had a look at the hostel rooms, which are beautiful. They could see that I would be comfortable living here, so I moved in,” said Ms Nguyen Mai Huong, an MDIS student who stayed at a hotel in Orchard Road for two weeks before moving into a four-bed room at the MDIS hostel with fellow Vietnamese students Nguyen Phuong Thao and Vi Thi Mai Huong.

A new academic-focused postgraduate center will also be built in the new integrated campus.

“This first Postgraduate Centre with our University partners is aimed at bringing in overseas lecturers and teaching fellows from our reputed university partners to teach our students in Singapore. We believe that this will further raise our standards of educational excellence as well as provide better interaction between our overseas university partners and our students. This will also further enhance the globalisation of the MDIS learning experience – key to the success of our students and graduates in an increasingly globalised world,” said Dr R Theyvendran, MDIS Secretary-General.

On 19 May 2011, MDIS received the Reader’s Digest Trusted Brands 2011 Gold Award based on six key attributes of trustworthiness and credibility, quality, value, understanding of customer needs, innovation and corporate social responsibility.

In 2010, MDIS was among the first 21 private educations (PEI) out of a total of 1,200, to be awarded the 4-year Edutrust certification by the Council of Private Education (CPE). This certification is awarded to private education institutions (PEIs) that have met the stringent standards set by CPE – including management commitment and responsibilities, corporate governance and administration, external recruitment, student protection and support services, academic processes and assessment of students, and quality assurance.

About Management Development Institute of Singapore (MDIS)

MDIS, founded in 1956, provides well-accredited courses in Business and Management, Engineering, Fashion and Design, Information Technology, Life Sciences, Mass Communications, Psychology and Travel, Tourism and Hospitality Management. They are offered in collaboration with highly acclaimed universities in Australia, France, the United Kingdom and the United States of America.

In September 2008, MDIS set up its first overseas campus in Tashkent, the capital of Uzbekistan in Central Asia, to offer world-class tertiary education to students from the Central Asia region.

MDIS inked a landmark deal with EduCity@Iskandar in June 2010, the first Singapore private tertiary institution to invest in Malaysia. The new 30-acre campus is expected to take in its first batch of students in 2013.

MDIS has representative offices in China, India, Indonesia, Sri Lanka, Thailand and Vietnam.

For Media Enquires, please contact:

Tham Moon Yee
Stratagem Consultants Pte Ltd
Tel: +65-6227-0502
Fax: +65-6227-5663


SOURCE Management Development Institute of Singapore (MDIS)

Written by asiafreshnews

August 18, 2011 at 10:06 am

Posted in Business & Finance