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Saxo Bank Announces Half Year Results

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2011-08-19 20:00 

SINGAPORE, Aug. 19, 2011 /PRNewswire-Asia/ — Saxo Capital Markets’ parent company, Saxo Bank, has reported a net profit of DKK 346 million for the first six months of 2011. The result which is in line with expectations represents an increase of 375% over the second half of 2010, and a decrease of 37% compared with the first six months of 2010, when market activity and volatility were unusually high.

  • Operating income DKK 1,772 million (DKK 1,992 million)
  • Profit before tax DKK 474 million (DKK 729 million)
  • Net profit DKK 346 million (DKK 551 million)
  • Solvency ratio 12.3% (19.2%)
  • Clients’ collateral deposits DKK 32,855 million (DKK 26,590 million)
  • Assets under management DKK 32,357 million (DKK 24,606 million)

Saxo Bank Group saw a significant increase in average monthly volumes traded in CFD stock indices, single stocks and commodities, cash stocks, FX options and futures compared to the same period last year. Monthly FX volumes averaged approximately DKK 1.2 trillion in the first half of 2011, with lower trading volumes in the first quarter and a pick up in the second.

While the overall trader and investor activity level was moderate in the first half of 2011, the Group saw continued growth in clients’ collateral deposits and assets under management, which are the foundation for future business and profits. Total assets under management in Saxo Bank Group’s trading business increased from DKK 31.2 billion as of 31 December 2010 to DKK 32.4 billion as of 30 June 2011. Clients’ collateral deposits in the Group’s asset management business increased from DKK 31.3 billion as of 31 December 2010 to DKK 32.9 billion as of 30 June 2011.

Operating income for the first six months of 2011 reached DKK 1,772 million for the Group. This is lower compared to the same period in 2010, but represents an increase in trading-related income following on from the second half of 2010.

Kim Fournais and Lars Seier Christensen, co-founders and CEOs of Saxo Bank A/S, said in a joint statement:

“Saxo Bank achieved a satisfactory half-year net profit fully in line with expectations, despite general market conditions which reduced risk appetite in the economy and dampened capital market activities. While keeping a close eye on overall cost developments, Saxo Bank will keep its focus on expanding our products and services as well as optimising the efficiency and profitability of our operations. Overall, we believe the Group has a solid foundation for current and future operations and we expect to continue to create value for our stakeholders.”


Saxo Capital Markets Pte Ltd (“Saxo Capital Markets”) is licensed as a Capital Market Services provider and an Exempt Financial Advisor, and is supervised by the Monetary Authority of Singapore.

You should carefully consider whether trading in leveraged products is appropriate for you in the light of your financial circumstances. You should be aware that dealing in products that are highly leveraged carry significantly greater risk than non-geared investments such as share trading. As such, you could both gain and lose large amounts of money. You may sustain losses in excess of the moneys you initially deposit and also in excess of the margin required to establish and maintain any positions in leveraged products.

For further information, please see:

About Saxo Capital Markets

Saxo Capital Markets Pte Ltd is a wholly-owned subsidiary of Saxo Bank A/S, the Copenhagen-headquartered online trading and investment specialist. It serves as the Asia Pacific headquarters and holds a Capital Markets Services license from the Monetary Authority of Singapore. Saxo Capital Markets also holds a Commodity Broker licence from The International Enterprise Singapore.

Clients can trade Forex, CFDs, Stocks, Futures, Options and other derivatives via SaxoWebTrader and SaxoTrader, its leading multi-asset online trading platforms.

SaxoTrader is available directly through Saxo Capital Markets or through one of its institutional clients. White labelling is a significant business area for Saxo Capital Markets, and involves customising and branding of its online trading platform for other financial institutions and brokers.

Saxo’s position as an established FX house and its leading role in the foreign exchange market has been recognised by the industry’s leading reviews. In 2011, the Saxo Bank Group picked up six awards at the Euromoney annual FX survey for the following categories: Best Improved Overall Market Share by Volume ($10bn – $25bn) and ($5bn – $10bn), Best Speed of Execution, Best Research and Analytics, Best Effective Risk Management and Execution Strategies and Best Integrated Workflow and Compliance Solutions. Saxo Bank was also named “Best Forex Broker in Northern Europe” and “Best White Label Solution Provider” in the World Finance Foreign Exchange Awards 2011.

For more information, please visit

Media contacts:

Saxo Capital Markets Pte Ltd
Celeste Fong


SOURCE Saxo Capital Markets Pte Ltd

Written by asiafreshnews

August 23, 2011 at 10:42 am

Posted in Business & Finance

Splunk Announces Year-Over-Year Quarterly Revenue Growth of 70%

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Adds Record Number New Customers and Expands Usage in Accounts

Appoints New Member to Splunk’s Board of Directors

HONG KONG, Aug. 22, 2011 /PRNewswire-Asia/ — Splunk( )(R), Inc., the leading provider of operational intelligence software, today announced year-over-year quarterly growth of 70% for the quarter ending July 31, 2011. Additionally, Splunk increased its customer base to over 2900 customers in over 70 countries worldwide.

“I am delighted to welcome 329 new customers to the Splunk family,” said Godfrey Sullivan, president and CEO of Splunk. “In addition, we are pleased to report the expanded use of our software to adjacent departments in over 100 of our existing customers. Often customers start using Splunk for one purpose, such as IT Operations Management, but quickly realize additional value in other areas such as application management, security, business analytics and web intelligence. The significant number of use case expansions demonstrates how our customers are recognizing the power and versatility of our software.”

“I am excited about our progress in Asia-Pacific,” said Robert Lau, Splunk’s Area Vice President, Asia Pacific and Japan. “We are very pleased that blue chip customers like Samsung SDS, PT Telekom Indonesia and National Broadband Network in Australia have adopted Splunk for operational intelligence. We also see many of our existing customers using our software to realize value from their big data.

Splunk today announced the appointment of a new member to its Board of Directors, Executive Vice President and Chief Financial Officer, Graham Smith. He brings to this role over 20 years of finance experience in the software industry including prior appointments as CFO of Advent Software, CFO of Vitria Technology, CFO for Nuance Communications, and 11 years at Oracle in a variety of senior finance roles, lastly as vice president of finance for worldwide operations.

“I am delighted to be joining the Board of Splunk,” said Graham Smith. “Godfrey has assembled a world-class management team to execute on an amazing market opportunity and I am excited by the prospect of helping guide Splunk through its next phase of growth.”

Q2 FY 2011 Highlights:


— Added 329 new licensed customers for a total of over 2900 customers in over 70 countries

— Asia-Pacific: Samsung SDS in Korea, PT Telekomunikasi Indonesia, NBN Co in Australia, and 2 Degrees Mobile in New Zealand

— Americas: Intel, Wellmark, Commonwealth of Massachusetts, Blue Cross Blue Shield of Florida, Hess Corporation, TaylorMade-Adidas Golf

— US Federal sector: the Federal Aviation Administration (FAA), the Department of Health and Human Services and the Space and Naval Warfare Systems Command (SPAWAR)

— Europe: CartaSi in Italy, 02 Telefonica in Germany, Hypo Adria Bank in Croatia

— Expanded customer usage in over 100 accounts (not including upgrades) including Commerzbank AG Germany, Telenor in Norway, Credit Suisse in Luxembourg, KVH and NTT Data in Japan, O’Reilly Media in the U.S. and the U.S. Department of Energy


— Added 31 new Splunkbase Apps – 166 total apps now uploaded and available on Splunkbase
— Jointly developed partner apps including: Splunk App for Sourcefire, Splunk App for Citrix Xen Desktop and extended the Splunk App for Citrix Netscaler w/Appflow


— Achieved 70% year-over-year Q2 revenue growth
— Hired first CFO, David Conte
— Opened office in Cupertino, California
— Received San Francisco Business Times’ 2011 Technology & Innovation Award for Fastest-Growing Company
— Granted U.S. Patent No. 7,937,344 for organizing and understanding machine data through use of a “machine data web”
— Expanded into Latin America and hired Regional Operations Director
— Surpassed 375 employees, with eight offices worldwide

Splunk neither reaffirms its prior outlook or goals regarding revenues, new customers and new developers for fiscal 2012 nor does it provide any new outlook regarding anticipated future results

Splunk is a registered trademark of Splunk Inc.

About Splunk

Splunk is the leading provider of operational intelligence software used to monitor, report and analyze real-time machine data as well as terabytes of historical data — located on-premise or in the cloud. Almost half of the Fortune 100 and more than 2,900 enterprises, service providers and government organizations in more than 70 countries use Splunk to improve service levels, reduce IT operations costs, mitigate security risks, and drive new insights for IT and the business. For more information please visit

Media Contacts:

Clara So Splunk, Inc.

Sissi Chu Text100


Written by asiafreshnews

August 23, 2011 at 10:36 am

COSTIN Announces 2011 Interim Results

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Turnover Increased 54% to RMB650.7 Million Net Profit up 33% to RMB128.9 Million

HONG KONG, Aug. 22, 2011 /PRNewswire-Asia/ — COSTIN New Materials Group Limited (“COSTIN” or the “Company”, together with its subsidiaries, the “Group”, stock code: 2228), which is principally engaged in the research and development, production and sales of non-woven materials and recycled chemical fibres, is pleased to announce its interim results for the six months ended 30 June 2011.

During the Reporting Period, the Group achieved turnover up approximately 54.3% to approximately RMB650.7 million, which was mainly attributable to an increase in the overall selling price of the products, and growth in the sales quantities of non-woven materials and recycled chemical fibres. Gross profit increased 39.0% from the same period of 2010 to approximately RMB203.5 million. Profit attributable to owners of the Company rose 32.7% to approximately RMB128.9 million. Basic earnings per share was RMB16.11 cents. The Board recommends the payment of an interim dividend of HK$3.5 cents per share for the Reporting Period.

During the Reporting Period, the turnover of non-woven fabrics and recycled chemical fibers reached RMB508.4 million and RMB141.8 million, respectively, representing increases of 53.9% and 55.1% over the same period of 2010.

In July 2011, the Company issued US$30,000,000 convertible bond to CITIC Capital China Access Fund Limited, an investment fund managed by a subsidiary of CITIC Capital Holdings Limited. The Group will obtain sufficient funding to support its business expansion and also strengthen its shareholder base in the future.

Mr. Chim Wai Kong, Chairman and Executive Director of COSTIN said, “The Group will continue to expand its production capacity with new production facilities to strengthen its competitiveness and leadership in the industry. The Group’s new production line with an annual production capacity of 18,000,000 square meters of high-thermal resistance filtration materials is expected to commence operation in September 2011. Moreover, the Company expects to commence production of composite materials in the third-quarter of 2012, with a targeted annual production capacity of 22,500,000 square meters. In addition, the Group will establish new production facilities for recycled chemical fibres to boost annual production capacity from the current 42,000 tons annually to approximately 162,000 tons annually in 2014. COSTIN is striving to become a leading enterprise in the non-woven materials and recycled chemical fibres markets in the PRC.”

Mr. Eric Yip
SOURCE COSTIN New Materials Group Limited

Written by asiafreshnews

August 23, 2011 at 9:31 am

Posted in Business & Finance

Masan Group Raises US$108 Million Loan Facility

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2011-08-18 10:12 


HO CHI MINH CITY, Vietnam, Aug. 18, 2011 /PRNewswire-Asia/ — Masan Group (HOSE: MSN, “Masan”, “The Group”), one of Vietnam’s largest private sector business groups, today announced that JP Morgan and its affiliates have provided Masan Industrial, a subsidiary of Masan Consumer, a three year US$108 million loan facility.

Madhur Maini, CEO of Masan Group, commented, “The difficult macro environment presents us a unique opportunity to capitalize on our platform. Our strategy is to double-up on talent and capital to execute on organic growth and M&A”

Masan Group is primarily focused on the consumption and resources sector in Vietnam. The Group plans to use its war chest to invest in its existing businesses and continue to execute strategic M&A in these sectors.

Since listing in 2009 on the Ho Chi Minh Stock Exchange, Masan has consolidated its holdings in its existing subsidiaries and also acquired the Nui Phao Project, a world class tungsten and base metal mining project, to build a resources platform. Masan Group has a three-pronged strategy of scale, leadership and cash flows and expects to generate US$500 million per annum of EBITDA on a consolidated basis starting 2013.


Masan Group is one of Vietnam’s largest private sector companies and has a track record of actively building, acquiring and managing market-leading businesses in several of the fastest growing areas of Vietnam’s economy. Masan’s businesses include Masan Consumer, Techcombank and Masan Resources, leading large scale operating platforms in the consumer products, financial services and resources sectors, respectively.


Masan Consumer is one of Vietnam’s largest consumer products companies with leading market share positions in the condiments and convenience food categories. Since the early 2000’s, the Company has grown its product portfolio, domestic sales and distribution channels to become a leader in Vietnam’s branded consumer food market in both the premium and mass-market segments. Masan Consumer’s key brands include Chin-su (soya, fish and chili sauces), Tam Thai Tu (soya sauce), Nam Ngu (fish sauce), and Omachi and Tien Vua (instant noodles).


SOURCE Masan Group

Written by asiafreshnews

August 22, 2011 at 11:08 am

Posted in Business & Finance

Price War Breaks out in ASEAN Household Electrical Appliance Market

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2011-08-19 15:11 


Chinese Enterprises Lead with High Performance Price Ratio

HO CHI MINH CITY, Vietnam, Aug. 19, 2011 /PRNewswire-Asia-AsiaNet/ — Attacked by Japanese brands in the “price war”, Chinese brands are enhancing their brands publicity to win the edge in “performance price ratio” in the ASEAN market.

The largest electrical shop of Ho Chi Minh City has stocked up on all kinds of household electrical appliance from China, Japan, and South Korea. It is not hard to find that the price of Chinese brands is 15-20% lower than similar products from Japan and South Korea.

Several years ago, the price gap between Japanese and South Korean brands and Chinese brands was about 20-30%. The high performance price ratio in recent years has changed the low quality image of “Made in China” in the heart of Vietnamese since major Chinese brands like Midea, Haier, and TCL set up branches in Vietnam, which exerted great pressure on Japanese and South Korean brands, lowering the price of their products continuously. The closest price gap was merely 5%, and sometimes their actual price after promotion activities was almost the same to that of Chinese brands during festivals and holidays.

There are various indications that Chinese brands will adopt the magic weapon of “performance price ratio” again by lowering costs after expanding their production base, augmenting the size, enhancing their brand publicizing, and the integration of channel, storage, and distribution etc. They will also increase their support for the local supplier of raw materials to accelerate the localization of raw materials.

Recently, “The 2011 New Products Launch Conference in ASEAN Area by Midea Group” was unveiled in Ho Chi Minh City, during which the president of Midea Living Appliance Group ASEAN Division revealed that Midea will invest $40 million on the building of a new production base and increase its products to cover all household electrical appliances. Midea has already realized the full localization of supply chain and its R&D is also on the way to localization. At present, Midea Living Appliance Group ASEAN Division has become the largest electric fan producer, rice cooker producer, induction cooker producer, and the largest exporter of household electrical appliances in the ASEAN area. Many products of Midea have become the leader in the market of ASEAN countries like Vietnam.

By taking this measure, Midea hopes to maintain a reasonable price gap of 10% to 15% with Japanese and Korean brands on the premise of continuous increasing of brand influence, and they want to win more market share in ASEAN with its high quality products, excellent after-sale service and their internationalized brand image.



Written by asiafreshnews

August 19, 2011 at 3:59 pm

Posted in Business & Finance

Search on for the world’s most globally networked individual

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Western Union launches Network Challenge to mark its 160th Anniversary

SINGAPORE, Aug. 18, 2011 /PRNewswire-Asia/ — Western Union, one of the world’s most globally connected companies, is celebrating its 160th anniversary by launching the Western Union Network Challenge at to identify the world’s most networked individual.

(Photo: )

Western Union has created Your World, a new interactive online application that visually brings to life users’ Facebook connections to their friends across the globe. The application also gives users a score (“World Index”) that shows how globally connected they are. Your World users can compare their ranking against their Facebook friends, against people in their country and against the rest of the world.

Each individual’s score will contribute to the score of the country where they live; meaning every single country in the world is in the running to prove itself the world’s most geographically connected nation.

“Over 70% of the world’s Internet population have now visited a social networking/blogging site, and Internet users are spending an average of almost six hours per month on social media sites(1),” said Drina Yue, Western Union’s Managing Director and Senior Vice President for Asia Pacific.

“This is evident that building personal networks and maintaining strong ties with family and friends is a natural habit for most of us. Western Union is offering an opportunity to all nations in the world to prove to be the most geographically connected.”

Your World has been created to celebrate the unique status of Western Union, which has an enormous global presence of approximately 470,000(2) Agent locations in 200 countries and territories.

Fifteen days since the site was launched, 422,110 individuals from 206 countries and territories visited .

Western Union President and CEO, Hikmet Ersek, said:

“When we were thinking how best to celebrate our landmark 160th anniversary and the role we play in connecting people across the globe, Your World made perfect sense.

“We’re incredibly proud that people across the globe have been inviting us to be part of their lives for 160 years. Today, we’re online, on mobile, on the phone, around the corner in approximately 470,000(2) locations and around the clock. That gives us a privileged and unique perspective on the world.

“We wanted to find a way to give consumers their own bird’s eye view of their personal network in the world. As well as being a fun way to celebrate the power of human connectivity, Your World is going to create some fascinating insights, and perhaps encourage more of us to reach out to our fellow global citizens,” Ersek said.

Your World is live today – go to and type in individual Facebook login details to see individual global connections and play a part in contributing to the own country’s status as the most geographically connected nation in the world.

(1): Source: The Nielsen Company’s Asia Pacific Social Media Report 2010.
(2): Network data as of 30 June 2011, inclusive of the Vigo and Orlandi
Valuta branded services.


About Western Union

The Western Union Company (NYSE: WU) is a leader in global payment services. Together with its Vigo, Orlandi Valuta, Pago Facil and Western Union Business Solutions branded payment services, Western Union provides consumers and businesses with fast, reliable and convenient ways to send and receive money around the world, to send payments and to purchase money orders. The Western Union, Vigo and Orlandi Valuta branded services are offered through a combined network of approximately 470,000 agent locations in 200 countries and territories (network data as of June 30, 2011). In 2010, The Western Union Company completed 214 million consumer-to-consumer transactions worldwide, moving US$76 billion of principal between consumers, and 405 million business payments. For more information, visit .
SOURCE The Western Union Company

Written by asiafreshnews

August 19, 2011 at 11:40 am

Posted in Business & Finance

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

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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

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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

Accenture to Sponsor Inaugural Lean Six Sigma & Process Improvement Summit in Shanghai

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2011-08-15 11:00 


LONDON, Aug. 15, 2011 /PRNewswire-Asia/ — The Process Excellence Network today announced thatAccenture have confirmed to sponsor the inaugural Lean Six Sigma & Process Improvement Summit for China, to be held in October 2011.

Following their launch of a Lean Six Sigma event into China, the Process Excellence Network have now announced that Accenture will be taking a leading sponsorship role at the conference taking place on October 19-20, 2011 in Shanghai.

The event includes expert speakers from around twenty different companies including the Executive Director & CIO of China Union Pay, Chairman of the CLB Group and the Chief Operating Officer of GE Capital.

Accenture will be joining the speaker panel along with one of their clients to share success stories that they have generated in the China region.

In what is a first for the Process Excellence Network in China, Vanessa Lovatt, the Director of the Process Excellence Network, said “Launching this conference into the China market has been an exciting and challenging prospect that we have been developing for some time. It’s a testament to the forward movement of the process excellence industry that other thought leaders are also moving into this highly fertile market and are joining us on our journey. I am delighted to be welcoming Accenture to the conference and very much look forward to working with them in the run up to October.”

Other speakers at the conference include KeBin Li, Lean Head Asia Pacific & Japan Supply atAstraZeneca;SanjeebitChoudhuryVP Quality & Six Sigma at SKF China; and William Yu, the President, Asia Pac at Ingersoll Rand Security Technology, and Vice Chairman of Fudan Lean Six Sigma Club.

For more information on the Lean Six Sigma & Process Improvement Summit China, please contact Joyce Shi on or visit

About Process Excellence Network

Process Excellence Network is a global community for professionals working in continuous improvement and operational excellence.

Process Excellence Network provides the forums – both face-to-face and online – where key industry experts and leading organisations share their experience, knowledge and tools about the development of Process Excellence including Business Process Management (BPM), Lean, Change Management, Operational Excellence, Six Sigma, Risk Management, Customer Experience and more.

Peers can connect with one another to share best practice and learn. Collectively, Process Excellence Network helps you discover what leading companies are doing to get measurable results through Process Excellence and to find solutions to your job-related challenges.

For further information visit

Media Contact:

Joyce Shi
Tel: +65-6722-9446


SOURCE Process Excellence Network

Written by asiafreshnews

August 17, 2011 at 5:43 pm

Posted in Business & Finance

DHL Launches Southeast Asia Road Service Suite

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2011-08-11 15:00 

DHL ASIACONNECT together with DHL ASIALINE and DHL ASIANET offers customers an extensive suite of regional road freight solutions.

KUALA LUMPUR, Malaysia, Aug. 11, 2011 /PRNewswire-Asia/ — DHL Global Forwarding, the road, air and sea freight specialist arm of DHL, the world’s leading logistics company, today announced the consolidation of its network of secure road freight services connecting Singapore, Malaysia and Thailand. Launched in Kuala Lumpur today, DHL’s new and improved suite of three road freight services – DHL ASIACONNECT, DHL ASIALINE and DHL ASIANET – will provide customers with a complete range of flexible and fast overland freighting options. DHL ASIACONNECT is DHL’s Less-than-Truck-Load (LTL) scheduled service that is now available to complement DHL’s full-load service now called DHL ASIALINE and its bespoke service, DHL ASIANET.

Amadou Diallo, CEO, Africa and South Asia Pacific, DHL Global Forwarding, said: “DHL Global Forwarding has been offering customers road freight services in Asia for years as it has many advantages – it is faster than sea, cheaper than air and can offer customers more pick-up flexibility and shorter lead times. Now consolidated into a single suite, and especially with the introduction of DHL ASIACONNECT, our customers can choose the product best suited to their immediate needs. This is perfect for SMEs whose volumes vary and are not always very large, and for companies seeking better inventory management. With this suite of services DHL is providing the fastest, most flexible and secure road option whether customers require a tailor-made road freight solution or simply want to send small shipments securely at an all-in rate price system.”

Unlike traditional LTL solutions, DHL ASIACONNECT comprises a complete, dedicated DHL service with scheduled stops along DHL Global Forwarding’s dedicated network in Singapore, Johor Bahru, Kuala Lumpur, Penang and Bangkok. The service provides the fastest LTL connection from Singapore to Penang with overnight delivery, and a two-day door-to-door service from Singapore or Kuala Lumpur to Bangkok. High security and a set of web-based customer tools to track shipments and generate reports further elevate DHL’s service offering. In addition, value-added benefits, such as customs brokerage and the complete handling of import, export and transit documentation, are provided. DHL ASIACONNECT is hubbed out of Malaysia via a new fully-dedicated cross-border command and security center in Kuala Lumpur.

DHL ASIALINE is DHL Global Forwarding’s tailor-made Full-Truck-Load (FTL) service for domestic or cross-border needs. A flexible and cost-efficient transport solution for full loads in all countries with a DHL Global Forwarding presence – such as Singapore, Malaysia, Thailand, Vietnam or Pakistan – DHL ASIALINE offers an extensive geographical coverage.

With DHL ASIANET, DHL Global Forwarding offers customized road transport network services which meet specific customer and industry requirements, both domestically and internationally. DHL Global Forwarding specialists analyze customers’ logistics set up and proposes solutions on different levels which may include control towers, dedicated load planning, turn around time improvement and better inventory control.

With DHL ASIACONNECT, DHL ASIALINE and DHL ASIANET, customers can focus on their core business while DHL takes care of their road transportation needs.

Said Mr. Diallo: “DHL ASIACONNECT, DHL ASIALINE and DHL ASIANET were developed with customers in mind. They are therefore easy to use, with optimized time schedules for each sector to guarantee pre-planned, on-time deliveries of all critical components for automotive, consumer, high-tech, and oil and energy customers.

“The launch of DHL ASIACONNECT, DHL ASIALINE and DHL ASIANET mark the beginning of DHL’s dedicated, secure, overland regional road services in Asia. The scheduled regional network of DHL ASIACONNECT will extend to Vietnam, Cambodia and China in time and follows the success of our road freight business in Europe, the Middle East and North Africa – DHL EUROCONNECT, DHL EUROLINE and DHL EURONET. All businesses cover road services (LTL and FTL) across Europe, the Middle East and North Africa, offering customers consistently high levels of road freight services.”

DHL – The Logistics company for the world

DHL is the global market leader in the logistics industry and “The Logistics company for the world”. DHL commits its expertise in international express, air and ocean freight, road and rail transportation, contract logistics and international mail services to its customers. A global network composed of more than 220 countries and territories and about 275,000 employees worldwide offers customers superior service quality and local knowledge to satisfy their supply chain requirements. DHL accepts its social responsibility by supporting climate protection, disaster management and education.

DHL is part of Deutsche Post DHL. The Group generated revenue of more than 51 billion Euros in 2010.

For the latest news and happenings about DHL in Asia Pacific, visit



Written by asiafreshnews

August 15, 2011 at 3:48 pm

Posted in Logistics