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Western Union Launches Global Campaign in Association with Indian Star Shahrukh Khan’s Much Anticipated Movie Ra.One

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Ra.One first Bollywood film to collaborate in a global mass-media campaign

HONG KONG, Sept. 28, 2011 /PRNewswire-Asia/ — Western Union, a leader in global payment services, will launch global mass-media campaign in association with Indian film superstar Shahrukh Khan’s (Note 1) most anticipated movie Ra.One, which will be released during the Diwali holiday, to honour the millions of Indians working overseas.

Ra.One, directed by Anubhav Sinha, is pioneering special visual and sound effects that is set to transform the Indian film industry. The global mass-media campaign collaboration is the first of its kind between a Bollywood film and a global company.

Western Union’s association recognizes the symbolism behind the movie, anchored to a superhero called, a character that signifies heroic love and commitment to his family in a world of good and evil.

Western Union’s mass media campaign will roll out in India and around the world across the US, Canada, Europe, Middle East, Africa and Asia Pacific focusing on key Indian diaspora countries. It encompasses TV, radio, print and outdoor advertising as well as local activities at Western Union(R) Agent locations.

The campaign creative will also reflect the company’s new global brand platform “Moving Money for Better”. Its focus is to convey Western Union products and services as solutions to create moments of better for consumers, while sustaining the company’s 160-year history of innovation and helping people improve someone’s day.

“, the hero of Ra.One, calls to mind real life superheroes – fathers and mothers – working hard to make any sacrifice for the welfare and happiness of their children, and in particular the millions of Indian parents who work overseas,” said Mr Anil Kapur, Managing Director and Senior Vice President, Western Union, South and South East Asia.

“Whatever they do in their careers from medical practitioners, engineers and construction workers, software professionals, labourers or service personnel, whatever they do in their jobs, they are giving the world much more than manpower and intellectual capital.

“Just like, parents are making great personal sacrifices to make a better life for their families. By giving their children better living standards and educational opportunities, they are also building the next generation of Indians,” he said.

Western Union has been operating in India for more than 17 years and India currently receives money from 190 countries via a network of 80,000 (Note 2) Agent locations across 7,000 towns and cities.

“We are pleased for our film to be associated with a global brand like Western Union that connects families across the world and is creating history by launching the first ever global media campaign with a Bollywood film,” said Mr Shahrukh Khan.

“Anyone who works hard for their child is a hero, but it is a special heroic sacrifice to leave home. Fuelled by their love for their families, families working overseas put aside separation from loved ones, being homesick or lonely, or living in distant lands with different cultures, so that they can provide greater opportunity for their loved ones at home. Similarly our film embodies superheroes,” he said.

Western Union has over 80,000 (Note 2) Agent locations in India, delivering international money transfer services with reliability, convenience and speed. Western Union’s Agent network in India is the largest domestic network in Western Union.

According to the World Bank, India is the world’s largest remittance receiving market in the world, with remittances of US$55 billion in 2010. (Note 3) The Ministry of Overseas India Affairs states there are over 25 million people of Indian origin living outside India (Note 4).

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 470,000 Agent locations in 200 countries and territories (Note 2). 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 .

Note 1: Shahrukh Khan does not endorse Western Union(R) services nor the brand
Note 2: Western Union Network data as of June 30, 2011
Note 3: World Bank Migration and Remittances Fact book 2011
Note 4:
SOURCE The Western Union Company

Written by asiafreshnews

September 30, 2011 at 10:55 am

Posted in Business & Finance

Localization of Multinationals and Internationalization of Local Talents

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2011-09-22 14:12
HO CHI MINH CITY, Sept. 22, 2011 /PRNewswire-Asia/ — With a strong economic growth, the ASEAN market is catching the attention of economists amid the global economic downturn. For multinationals already with a footprint in the market, how to establish a leadership and achieve smooth localization in the fast-growing regional market will be a key focus in their expansion.

‘Newcomer’ multinationals are striving for localization in the region in a move to reduce costs and gain market share.

Taking Chinese home appliance maker Midea as an example, the company had to dispatch marketing employees to Vietnam when it entered the Vietnamese market, since it was hard to find experienced and skilled talents in the local market within a short time. As a result, a team of professional marketing employees with deep understanding of local market was formed over time.

The local marketing professionals at Midea are gradually becoming key contributors to the company’s market strategies for the ASEAN market. Midea has already achieved localization of its product planning, and marketing strategies concerning channels and brands are made by the team consisting of mostly local talents.

The product and marketing policies catering to local needs better are one of the key drivers of Midea’s rapid development in the ASEAN market. It is reported that Midea is preparing for the construction of its third manufacturing base in Vietnam.

The local marketing employees, having been greatly impacted by Midea’s corporate culture, not only have strong international elements, but are also recognized for their loyalty. Mr. Ruan, a marketing employee in Midea’s ASEAN business, has refused an opportunity to take up a senior marketing position at a local home appliance brand based on three factors: Midea has a more robust incentive mechanism; it has clear and transparent promotion channels, as Midea will provide more personal development opportunities as it continues its growth; and his wife is Chinese and at the same company.

Wang Qingbo, president of the Ho Chi Minh Chamber of the Chinese Chamber of Commerce, said that Midea provides 5,000 jobs directly or indirectly for the local industry ecosystem, and also develops a team of local marketing talents, which is gradually been led by local employees. The multinationals like Midea are influencing their local employees with their robust and vigorous corporate cultures.

The case of Mr. Ruan demonstrates that the new generation of Vietnamese youth is growing in and benefiting from the trend of globalization, they marry a Chinese wife, work at a multinational, see a US movie, drive Japanese cars and use Chinese electrical equipment. Accordingly, multinationals are trying their best to localize deep into each aspect, from various production processes to talent development, in a move to be part of the local community. A perfect blend of Internationalization and localization is presented here.


Written by asiafreshnews

September 29, 2011 at 5:49 pm

Posted in Uncategorized

MEGA SHOW Part 1 & 2 at the Centre of Asian Sourcing This October

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HONG KONG, Sept. 28, 2011 /PRNewswire-Asia/ — MEGA SHOW Part 1 and MEGA SHOW Part 2 will again take place at the HKCEC in Wanchai, Hong Kong’s premier downtown venue from coming October 20-23 and 27-29 respectively.

Kenfair is proud to announce MEGA SHOW Part 1 celebrates its 20th anniversary in October 2011 and wish to thank all the exhibitors and buyers who have shown their support over the past 20 years.

These two most important trade shows showcasing over 4,700 suppliers for the gift, homewares, premiums and toys industries are timed to form part of the highly successful Southern China sourcing calendar, allowing over 70,000 global buyers to attend both the trade shows, as well as visit mainland China and Hong Kong factories and meet with a wide range of both Asian and international suppliers in the key sourcing season.

30 countries and regions are presented at MEGA SHOW this October — not only Hong Kong and mainland China, but from South-East Asia, East Asia, Europe, USA, South America, and the Middle East — reinforcing MEGA SHOW in Hong Kong every October as the major global marketplace for gifts, premiums, souvenirs, gadgets, electronic gifts, arts and crafts, travel and luggage, fashion apparel and accessories; gift wrap and packaging; homewares and home decor; toys and games, baby and child; pen, paper and print; Christmas, festive and seasonal, plus stationery school and office.

Participating companies are not only from Hong Kong and mainland China, but also from Australia, Bangladesh, Belgium, Bolivia, Canada, France, Germany, Guatemala, India, Israel, Indonesia, Italy, Japan, South Korea, Kuwait, Malaysia, New Zealand, Pakistan, the Philippines, Saudi Arabia, Singapore, Spain, Taiwan, Thailand, Turkey, the UK, the US, U.A.E. and Vietnam.

The shows this year include an increase in the number of eco-friendly suppliers with a wider choice of products, a dedicated zone in MEGA SHOW Part 1 for GIFTWRAP and PACKAGING, and a new group of fashion jewellery accessories suppliers in GIFTWARE in MEGA SHOW Part 2.

Over 800 new companies from all over Asia and abroad are exhibiting this season with MEGA SHOW as their exclusive sales platform, providing trade buyers with the opportunity to meet with familiar export faces, source from new producers and trade with worldwide companies in Hong Kong, the centre of Asian Sourcing.

SOURCE﹛Kenfair Exhibition (HK) Limited

Written by asiafreshnews

September 28, 2011 at 5:34 pm

Posted in Uncategorized

Baha Mar Opens Hong Kong Office

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NASSAU, The Bahamas, Sept. 27, 2011 /PRNewswire-Asia-AsiaNet/ –

The multi-billion dollar resort positions itself strategically to strengthen its Chinese partnerships

Baha Mar, the $3.5 billion resort complex marking the dramatic resurgence of a golden stretch of beachfront once called The Bahamian Riviera, announced today it has opened an office in Hong Kong, a strategic move intended to strengthen sales and marketing capabilities within Asia-Pacific. Located in the prestigious International Finance Center overlooking Hong Kong Harbor, Baha Mar’s new offices will be managed by Mabel Chau, the newly appointed Regional Director of Sales & Marketing, Asia-Pacific. Chau boasts more than 25 years of industry experience, and most recently functioned as Director and Founder of Sigma H Consultants, where she provided sales and marketing, project management and business consulting to hotels, law firms, banks and luxury lifestyle products.

“Our expansion into Asia, and particularly into China, is further evidence of our commitment to the region and the strengthening of our unique and valuable relationships with our Chinese partners,” stated Richard English, Senior Vice President for Baha Mar. “A physical presence in Hong Kong allows us to more efficiently support marketing efforts in the region, promote The Bahamas in general and our project in particular,” English said.

The Chinese partnerships with Baha Mar are unprecedented in the hospitality industry and include the Export-Import Bank of China (Ex Im Bank), lending almost exclusively to governments and financial institutions. Additionally, China State Construction Engineering Corporation (CSCEC), China’s largest construction company, plans to turn into a reality Baha Mar’s vision of establishing a unique, “destination within a destination” featuring stunning structures that complement the authentic beauty of The Bahamas. CSCEC, with total assets of approximately $43 billion, believes Baha Mar will be the pinnacle of its achievements to date, and indicative of its finest work.

The 1,000-acre, $3.5 billion resort, gaming and entertainment complex slated to open in late 2014, will boast some of the world’s most famous hotel brands, including Rosewood Hotels & Resorts, Morgans Hotel Group and Hyatt Hotels & Resorts, as well as a Casino Hotel, creating 2,250 new rooms within four spectacular new hotels. Baha Mar’s stunning, new 100,000 square-foot casino will be the largest in the Caribbean, and the only true gaming experience outside Las Vegas.

Baha Mar will also feature the largest convention center in The Bahamas, with 200,000 square feet of space, which can also double as an entertainment venue and sports arena.

Other amenities will include a 50,000 square-foot retail village combining an upscale shopping experience with Bahamian arts and crafts, chef-branded restaurants and entertainment venues. A 20-acre Eco Water Park and pool experience, and three unique spas, including the largest spa in the Caribbean, will be set on the along 3,000 feet of the most pristine beach in the world. The planned 18-hole Jack Nicklaus Signature Course is one of a select few such top-tier Nicklaus courses in the world.

For more information:

SOURCE: Baha Mar

Written by asiafreshnews

September 28, 2011 at 4:07 pm

Posted in Uncategorized

DHL Regional Chief Bags Africa Innovation Accolade

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Amadou Diallo honored at Africa investor CEO Investment Climate Summit 2011 in association with the World Bank Group

SINGAPORE, Sept. 26, 2011 /PRNewswire-Asia/ — DHL’s innovative investment and operational strategy across Africa has won it international recognition at the prestigious Africa investor CEO Investment Climate Summit 2011, organized by Africa investor in association with the World Bank Group. Amadou Diallo, CEO, Africa and South Asia Pacific, DHL Global Forwarding, was named Africa’s Innovation Leader of the Year in the Ai Investment Awards 2011 at a presentation made during the World Bank’s annual meeting in Washington DC on 23 September.

DHL, the world’s leading logistics company, was the first international logistics company to start operations in and out of Africa over 30 years ago and is today the undisputed market leader with the largest group of logistics experts dedicated to Africa. For 2011, Africa is one of DHL’s key investment areas and it is focussing on upgrading and integrating IT, expanding trade lanes and connections, and launching innovations such as Oil and Energy Centers of Excellence to create a dynamic transfer of emerging market knowledge that cuts the learning cycle, deepens expertise and brings solutions – and African products – to market faster.

Mr. Diallo said: “Africa is one of DHL’s fastest growing regions in the network markets. We have the finest team in Africa and this year we have focussed on investing and growing our human resources and infrastructure to ensure African businesses have access to the logistics excellence they need. Realizing Africa’s economic dreams is critical to realizing our own as ‘the logistics company for the world’ and we are honored that our innovative work in Africa has been internationally recognized.”

Recently, DHL was voted Africa’s International Freight Forwarder of the year for the third time (Note 1),reflecting its unique leadership position in Africa. DHL Express, DHL Global Forwarding and DHL Supply Chain have over 6,000 employees in the 53 countries that make-up Sub-Saharan and North Africa.  DHL Global Forwarding alone operates 1 million sq ft of warehouse space in Sub-Saharan Africa over 16 sites for 30 customer operations in addition to 71 facilities, 97 offices, 1,250 vehicles, 17 aircraft, 25 airside facilities, five distribution hubs and 825 owned and sub-contracted vehicles. As a result, DHL’s coverage, capacity, resource and expertise in Africa are unsurpassed.

In 2010, DHL made Sub-Saharan Africa and South Asia Pacific into one operating region under the leadership of Mr. Diallo, who is from Senegal. The restructure is part of a strategy that leverages the combined strengths of growth triangles.

The Africa investor CEO Investment Climate Summit, in association with the World Bank Group, is a business forum designed to raise Africa’s profile and attract more investment by showcasing genuine examples of outstanding investment leadership and success. It also aims to facilitate action, highlight and address project-specific investment climate challenges by bringing together private investors with significant investment projects and the African Union, NEPAD, RECs and African policy makers to enhance Africa’s competitiveness as a global investment destination.

Note 1: 2011 STAT Times Awards last night in Nairobi, Kenya. The International Award for Excellence in Air Cargo was voted by STAT Times’readers worldwide.

– End 

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.



Written by asiafreshnews

September 28, 2011 at 2:57 pm

Posted in Uncategorized

Investors, Developers and Business Leaders Meet in Delhi to Address India’s Ageing Issues

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DELHI, India, Sept. 27, 2011 /PRNewswire-Asia/ — From the 7th to the 9th of December 2011, senior housing industry leaders from India and the rest of the world will meet at Retirement Living World India 2011. The event will be supported by Assisted Living Federation of America (ALFA).

India’s elderly population is growing rapidly. By 2020, it is estimated to double to 177 million, and will continue to increase to 240 million by 2050. However, the seniors are no longer able to depend on their families. Their children, India’s most economically active group, are travelling to urban areas and overseas to pursue career opportunities, leaving 60% of Indian families nuclear; thus, breaking down the traditional family support system. Therefore, now the seniors look to external sources for care, backed up by the financial capabilities of their children, driving the need and subsequently demand for retirement homes.

To satisfy the rising demand, large real estate developers (Ashiana Housing and Paranjape Schemes) and healthcare operators (Fortis Healthcare) have been developing a series of retirement homes across the Indian peninsula. “With associated services, these houses are higher in value compared to regular housing. Retirement homes are lifestyle products that have got a business value,” said Ankur Gupta, joint managing director, Ashiana Housing, further highlighting the potential of India’s senior housing industry.

With new players attempting entry into the new market, partnership activities are forecasted to grow. The international tie-up of One Eighty and Aamoksh Leisure Living in 2009 is a good example, spearheaded by Dan Madsen, Sumer Datta and Sanjay Lakhotia

Recognizing the industry’s needs, Retirement Living World India is organized to bring together a distinguished panel of speakers including Indian and international developers, operators, investors and other industry stakeholders to address challenges and explore opportunities.

Participants will discuss business strategies, market trends, partnership models, investments and financing opportunities to facilitate growth and successes in India’s senior living industry. Meanwhile, successful case studies, lessons learnt and best practices will be shared by key speakers from across the world. Debates and open forum discussions on hot topics, such as how to be mindful of diverse cultural issues when developing and operating retirement communities, will also be staged.

Key speaking faculty includes: Ankur Gupta, Joint Managing Director, Ashiana Housing; Mathew Cherian, CEO, Help Age India; Geoff Hipkins, CEO, Oceania Group; L. Bradford Perkins, President & Principal, Perkins Eastman; Sanjay Lakhotia, Director, Aamoksh One Eighty; Aturva Patel, Director, IDFC Private Equity; Roger Davies, CEO, MHA; Achal Sridharan, Managing Director, Covai Property; Dr. Sheilu Sreenivasan, Founder & President, Dignity Lifestyle and many more.

Cross cultural understanding and partnerships will be formed at Retirement Living World India 2011. This will further add to the momentum that India’s retirement living industry is building, and hasten the steps India is taking to improve the living standards of its seniors.


IMAPAC is a social enterprise headquartered in Singapore that creates business conferences with a socially beneficial cause. For every attendee to an IMAPAC conference, IMAPAC ensures that a child from a developing country gets to go to school for a year.

For more information, please visit our website:

For more information, please contact:

Hu Shu
Tel: +65-6493-2093



Written by asiafreshnews

September 28, 2011 at 2:56 pm

Posted in Uncategorized

Korean Companies Continue to Lead in Asia on Sustainability Disclosure

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KUALA LUMPUR, Sept. 27, 2011 /PRNewswire-Asia/ — South Korean companies are still leaders in Asian ESG reporting (ex-Japan). Chinese companies are improving and companies in the Philippines now take the bottom spot, according to the findings of the 2011 Asian Sustainability Rating(TM) (ASR(TM)), launched today at the CSR Asia Summit in Kuala Lumpur.

Now in its third year, the ASR(TM) is Asia*s most comprehensive and long running analysis of listed companies* public disclosure on environmental, social and governance (ESG) issues. The ASR(TM) is a proprietary set of 100 sustainability indicators, which cover disclosure on the main elements of ESG risk. The 2011 ASR(TM) universe comprises 750 companies from ten Asian countries, selected according to free float market capitalisation.

The overall average score for companies benchmarked in the 2011 ASR(TM) increased to 36%, compared to an average score of 35% in 2010. The three highest scoring companies were Hong Kong*s CLP Holdings (2 HK), which scored 91%, and Taiwan*s AU Optronics (2409 TT) and Chunghwa Telecom (2412 TT), which both scored 89%. None of these companies featured in last year*s top three. The three lowest ranking companies meanwhile were India*s Sterling International (SIEL IN) with 4%, and the Philippines* International Container Terminal Services (ICT PM) and JG Summit Holdings (JGS PM), both with 6%.

As in 2010, companies in Asia generally score better on Governance than the Environmental and Social categories, with some level of disclosure even among the regional laggards. For many companies mandatory Governance information is the only sustainability reporting of any kind and is produced in line with legislation and stock exchange listing rules. Most companies (83%) also score some points in the Social category, but this is often due to community investment programmes that are not tied to corporate strategy and are a poor indication of sustainability. Environmental reporting continues to be an area of limited disclosure for Asian companies with less than a fifth of companies providing meaningful disclosure to show how they are addressing environmental risks.

The Telecommunications sector leads in sustainability disclosure followed by Information Technology, with Real Estate and Health Care the overall laggards. While there has been some improvement across all sectors from 2010, no single sector has made any large improvements.

The ASR(TM) is a proprietary ESG tool that was developed in collaboration between Responsible Research and CSR Asia. Commenting on this year*s ratings, Erin Lyon, Executive Director at CSR Asia, said: ※The increased average, although small, is good news and a step in the right direction. We expect to see greater disclosure across the region in the future. Current disclosure is being driven by stock exchanges. The demand for better disclosure is coming from a variety of stakeholders including investors, who want to see more transparency on environmental, social and governance indicators – this is an issue that companies will have to respond to sooner rather than later. A large proportion of the CSR Asia Summit reflects this pressure from investors, with a keynote speech from FTSE Asia and sessions on Socially Responsible Investment and on Reporting and Disclosure.§

Meanwhile, Benjamin McCarron, Head of Research at Responsible Research, said: ※The moderate improvement in disclosure shows that Asian companies are increasingly mitigating risks relating to their stakeholders. But the low absolute score shows that there is still a long way to go. While many investors routinely consider governance when they assess companies, the statistics show that environment is also an area where there are significant unmanaged risks as well as opportunities for companies that take a proactive stance.§

The overall average and category breakdown for 2011 and 2010

Year Average General Environmental Social Governance
2011 36% 23% 23% 31% 60%
2010 35% 27% 21% 29% 58%
Key statistics from the 2011 ASR(TM)

— 71% of companies in the ASR(TM) universe have an ESG report and/or include information on ESG in their Annual Report or on their website
— 11% of companies have reports that are Global Reporting Initiative (GRI) checked
— 20% of companies in the ASR(TM) universe provide Greenhouse Gas emissions data, but only 13% make a clear and comprehensive disclosure
— 28% of companies have an independent majority on their board
— 67% of companies disclose a Human Resources policy or code
— 83% of the companies in the ASR(TM) universe have at least an elementary degree of community investment

China moves up three places in country ranking

Chinese companies recorded the largest countrywide increase, moving up from tenth position to seventh in this year*s ASR(TM). This reflects a range of new legislation and guidelines for disclosure released in the current and previous years from the stock exchanges and other regulators. These are likely to continue to support improvements in reporting.

The average score for Indian companies fell between the two years. This was primarily due to the inclusion of a number of poorer performing companies in 2011. One area where progress has stalled for regulatory reasons is Corporate Governance. A Companies Bill, which would have improved company performance on Corporate Governance, was originally due in 2009, though it is not clear at this stage that it will pass in 2011.

South Korean companies had the highest average in 2011. While they performed well across the board, the scores were most markedly higher for Environmental disclosure.

The inclusion of new, poorly performing companies held back Malaysia*s score and was enough to result in a decline in the average for the country, although its rank stayed the same. With the strong support for improvements in ESG Disclosure by Bursa Malaysia, this average is likely to improve in future years.

The average for Singapore also declined due to the inclusion of companies with less disclosure, primarily from the real estate sector, in this year*s sample. The release of Sustainability Disclosure Guidelines by the Singapore Exchange and updates to the Corporate Governance Code in 2011 are set to drive improvements in reporting in future years.

2011 Country Rank 2011 Average 2010 Rank* 2010 Average
1. South Korea 48% 1 48%
2. Thailand 43% 4 40%
3. Malaysia 39% 3 42%
4. India 38% 2 43%
5. Taiwan 36% 6 38%
6. Singapore 35% 5 39%
7. China 34% 10 27%
8. Indonesia 34% 7 38%
9. Hong Kong 32% 8 33%
10. Philippines 26% 9 29%
Significant changes at the company level in the 2011 ASR(TM)

The list of top ten companies is dominated by companies from countries that also have a high average score; the major exception being China Light and Power with the highest overall score in the ASR(TM) despite being based out of Hong Kong. Only three companies remained in the top ten list from last year: Taiwan Semiconductor Manufacturing; China Light and Power; and, AU Optronics. This reflects an increase in the number of companies placing a strong emphasis on

sustainability and disclosure over the last year. The Philippines is well represented amongst the poorer performing companies.

The 2011 ASR(TM) top and bottom company ranking:

Company2011 Exchange Position ASR(TM)
CLP Holdings Hong Kong 1 91%
Chunghwa Telecom Taiwan 2 89%
AU Optronics Taiwan 3 89%
Infosys Technology India 4 88%
Kia Motors South Korea 5 87%
Taiwan Semiconductor
Manufacturing (TSMC) Taiwan 6 86%
POSCO South Korea 7 84%
Mahindra & Mahindra India 8 84%
OCI Company South Korea 9 84%
Hindustan Unilever India 10 82%

Alliance Global Philippines 746 7%
Gudang Garam Indonesia 747 6%
JG Summit Holdings Philippines 748 6%
Container Terminal Philippines 749 6%
International Enterprise India 750 4%
For more information on the 2011 ASR(TM), please contact:

Erin Lyon, Executive Director, CSR Asia.
HP: +65-9637-9580

Benjamin McCarron, Head of Research, Responsible Research
Tel: +65-8299-6852

About the Asian Sustainability Rating(TM)

The ASR(TM) is a proprietary ESG tool that was developed in collaboration between Responsible Research and CSR Asia. The ASR(TM) is a set of 100 sustainability indicators, split into four ASR(TM) categories – General, Environment, Social and Governance, which cover disclosure on the main elements of ESG risk. Each company is independently rated by analysts at Responsible Research. Company reports are produced by CSR Asia using the data provided by Responsible Research.

The 2011 ASR(TM) universe comprises 750 companies and includes the largest listed corporate entities based on free float market capitalisation from the ten countries / regions of the MSCI AC (All Country) Asia ex Japan index. All companies are scored across the same ESG factors based on publicly available information only. In order that the results are as unbiased as possible, there is no engagement or questionnaire of the companies in the methodology.

The ASR(TM) provides investors, companies and other stakeholders with a view of the strategic sustainability of the companies it analyses. The data in the ASR(TM) 2011 can be used by responsible investors to benchmark portfolios and add a sustainability dimension to investment decision-making and engagement practices.

Companies and their stakeholders can also use the tool to monitor their progress on sustainability and to review ESG management and disclosures from business partners and competitors. In theory, any company could aspire to and achieve a 100 percent rating on ASR(TM) within a few years of monitoring and reporting on these fundamental ESG issues.

Individual company or peer analysis can be provided for companies wishing to know how their peers are performing on sustainability disclosure. Investors, NGOs and the media are also invited to access indicator data.

Tel: +65 6220 9538

About CSR Asia

CSR Asia is the leading provider of sustainability advisory services, training, research on sustainable business practices and CSR intelligence that is specifically relevant for the Asia Pacific region. With a regional network of offices, staffed by a team of experts, clients keep ahead of the CSR issues as they evolve in the Asia-Pacific region.

CSR Asia was founded in 2004 and has offices in Bangkok, Beijing, Edinburgh, Guangzhou, Hong Kong, Kuala Lumpur, Singapore, Sydney and Tokyo. We work with leading Asia based companies and Western based multi-national clients and our work locations include the countries where we have offices as well as Brunei, Colombia, Indonesia, France, Papua New Guinea, Philippines, Solomon Islands and Vietnam.

For more information please visit our website

About Responsible Research

Responsible Research is the leading provider of quality independent Environmental, Social and Governance (ESG) research in Asia for global institutional asset owners and asset managers. Based in Singapore, we offer a comprehensive view of industry sustainability and ESG issues as they affect risks and opportunities in the region, including consideration of regulators, competitors, supply chain, social issues and governance.

For more information please contact:

Tel: +65 6304 3528

Written by asiafreshnews

September 28, 2011 at 10:54 am

Posted in Business & Finance

The Successful Opening of the 2011 Millennial Anniversary of the Tripitaka Koreana on September 23rd, 2011

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SEOUL, South Korea , Sept. 26, 2011 /PRNewswire-Asia/ — The opening ceremony of the 2011 Millennial Anniversary of the Tripitaka Koreana was held at the main event site located in Gaya-myeon, Hapcheon-gun, Gyeongsangnam-do, South Korea, on September 23rd, 2011. This festival celebrates the millennial history of the Tripitaka Koreana, a UNESCO world record heritage.

The 2011 Millennial Anniversary of the Tripitaka Koreana commemorates the cultural and historical values of the Tripitaka Koreana, which is considered as the highest quality woodblocks in the history of mankind. Under the theme of “The breath of Goryeo people with a thousand years of wisdom”, the festivities continue for 45 days from September 23rd to November 6th at the main event halls and the areas near Haeinsa Temple.

The opening ceremony was attended by many distinguished guests such as Hwang-shik Kim, the Prime Minister, Doo-gwan Kim, the Governor of Gyeongsangnam-do, Jongjeong Sunim of Jogye Order of Korean Buddhism, and Gwang-shik Choi, the Minister of Culture, Sports and Tourism. Other attendees include 28 ambassadors to South Korea and their wives from 15 countries, including the Italian Ambassador to South Korea, Sergio Mercuri, and a 14-member delegation from 5 countries including China and Japan, which have sister relationships with Gyeongsangnam-do. In addition, some 1,500 visitors attended the ceremony to celebrate the kick-off of the Festival.

With the opening ceremony, the five main event halls of the Festival, including the Tripitaka Millennium Hall, opened their doors to visitors from home and abroad.

The Tripitaka Millennium Hall attracts visitors with advanced digital technologies such as 3D wrapping and holocube to show the history and value of the Tripitaka Koreana and illustrate the scientific excellence of Janggyeong Panjeon. The authentic woodblocks of the Tripitaka Koreana from Janggyeong Panjeon of Haeinsa Temple grab the attention of many visitors.

The Knowledge and Civilization Hall exhibits the history of the archival culture as well as Geumsagyeong (Tripitaka written in gold). “Harmony of a Millennium”, a digital art performance, is another fascinating attraction that awaits visitors

Completed in 1251, the Tripitaka Koreana is the oldest intact woodblocks in the world. It is estimated that it took 20 years to create 81,258 woodblocks, which weigh nearly 280 tons. The height of the woodblocks is about 3,200 meters when stacked up vertically, and the length is about 60 kilometers when placed in line. Approximately 5,200 characters are engraved to record 1,538 kinds of Buddhist scriptures.

Doo-gwan Kim, the Governer of Gyeongsangnam-do, stated, “The Festival is an international cultural event that offers a rare opportunity to view the authentic woodblocks of the Tripitaka Koreana and experience the culture and history of South Korea.” He added, “We will do our best to ensure that foreign tourists can enjoy various programs and cultural activities.”

(The official website of the 2011 Millennial Anniversary of the Tripitaka Koreana:

Media Contact:
Millennial Anniversary of the Tripitaka Koreana Organizing Committee
TEL: +82-55-211-6251
FAX : +82-55-211-6259
SOURCE Tripitaka Koreana

Written by asiafreshnews

September 27, 2011 at 10:49 am

Posted in Entertainment, Travel

CoreNet Global Singapore Chapter to Host a One Day Symposium Entitled “Inspiration in Times of Change”

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The symposium will convene some of the biggest names in corporate real estate to discuss how to leverage the change that surrounds the industry

SINGAPORE, Sept. 22, 2011 /PRNewswire-Asia/ — The Singapore Chapter of CoreNet Global is pleased to announce it will host a one day symposium next month to offer insight on emerging trends, technologies and practices that are shaping the corporate real estate (CRE) sector. Themed, ‘Inspiration in Times of Change’, the event will be held at the Raffles City Convention Center from 8:30 a.m. – 5:00 p.m. on Tuesday 18th October.

According to CoreNet Global’s Singapore Chapter Chair Mr. James Tan, there is a convergence of trends which are creating complex issues that are impacting the world of commercial real estate and the ability of corporate property managers to deliver workplace facilities that are functional, cost effective and efficient.

“Change in our industry is inevitable and as corporate property managers, we have a responsibility to find out how it will affect our organizations,” says Mr. Tan. “The goal of this event is to explore and better understand the major changes and trends affecting CRE and the challenges and opportunities they present to our profession.”

With a focus on current challenges and market opportunities, Mr. Tan confirms that the day-long symposium will include informative presentations and stimulating panel debates, including the sharing of knowledge and ideas by the following panelists and speakers:

    Singapore – What’s Next?
    Dr. Yang Liang Chua, National Director and Head of Research, Jones Lang LaSalle

    Workplace and the Art of Motivation
    Ms. Susan Lim, Managing Director, DEGW APAC

    The Great Debate: On-line Networking: Fad or Future?

       Mr. Arsh Chaudhry, Executive Managing Director S.E Asia, Cushman & Wakefield Asia Pacific
       Mr. Andrew Carmichael, Principal, Woodhead
       Mr. Soren Trampedach, Chief Representative, Bene AG
       Mr. Anthony Smith, Senior Vice President, Corporate Real Estate & Administration, HSBC
       Ms. Noeleen Goh, APAC Real Estate Lead, United Technologies Corporation
       Mr. Kent Olsen, Head of Project and Development Services, Jones Lang LaSalle
       Mr. Daniel Webster, Senior Project Manager, Turner & Townsend

    What’s the Impact of New Technology?

       Mr. Mark Rugless, Workplace Strategy & Services Executive, IBM Global Technology Services, Asia
       Mr. Daryl Tan, Workplace Strategy & Services, IBM Global Technology Services, Asean

To close the symposium, there will also be a special guest presentation by the NATAS Singapore Women’s Everest Team who on May 20, 2009 made history by becoming the country’s first all-female team to reach the summit of Mount Everest.

“As is clear from our agenda, the market is still challenging for all those involved in corporate property management and the workplace environment as new forces, trends, technologies and practices are redefining the nature of work and the delivery of CRE related services.

“However, there are still opportunities for those who are able to adapt and stay ahead of the various influences that are shaping the CRE industry,” concludes Mr. Tan. “Needless to say, our effectiveness at managing change will, ultimately, determine our success.”

To date, CoreNet Global’s Singapore symposium has attracted the support of a number of key sponsors including: Platinum Sponsor Marina Bay Financial Centre; Gold Sponsors Ascendas and Johnson Controls; Silver Sponsor Turner & Townsend; and Business centre Sponsor MTM Solutions. The event is also being supported by media partner RFP Magazine.

Registration for the Singapore symposium is priced at USD$125 for members and USD$250 for non members. For more information, interested parties are invited to contact Betty Chan on (852) 6014 1961 or at Alternatively, please visit for details.

Editor’s Notes

CoreNet Global is the world’s leading association for corporate real estate (CRE) and workplace professionals, service providers, and economic developers.  Today, we operate in five global regions, namely Asia, Australia, Europe, Latin America and North America.

Our 7,000 members, who represent nearly half of the Forbes Global 2000 and 70% of Fortune 100 companies, meet locally, globally and virtually to develop networks, share knowledge, learn and advance professionally.

Throughout the Asia-Pacific, we have active chapters operating across the region including Australia, China, Hong Kong, India, Korea, Japan, New Zealand, Singapore and the Philippines. For more information, please visit


Betty Chan, CoreNet Global
Phone: +852 2910 7931
Mobile: +852 6014 1961

Janet Middlemiss, JEM Worldwide Ltd.
Phone: +852 2857 3832
Mobile: +852 9195 7829

SOURCE CoreNet Global

Written by asiafreshnews

September 26, 2011 at 10:48 am

Posted in Business & Finance

Newly Launched SIP SUNSET GRILL, Bali Declares Itself Home to World’s Most Valuable Bottle of White Wine

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HONG KONG, Sept. 23, 2011 /PRNewswire-Asia/ — Newly launched SIP SUNSET GRILL (SSG) is the latest addition to the buzzing Bali restaurant scene. With its doors opening last month in August, it is the second restaurant venture of founder Christian Vanneque who opened SIP WINE BAR in 2008.

SSG’s piece de resistance is of course its bottle of Chateau d’Yquem 1811. Purchased by Christian Vanneque on January 18, 2011, it is certified by The Guinness Book of World Records as the most valuable bottle of white wine in the world. The bottle is a focal point of the dining room and is presented in a bullet-proof, temperature and hygrometrically-controlled glass showcase, clasped in a custom-designed bronze hand.

Reminiscent of a cool New York loft atmosphere, the 100-seat dining room is set within brick walls and modern burnt woodwork panels with Havana leather banquettes. SSG’s indoor tropical garden, along with a copper-dressed grill provides a theatrical view of a half-open-air kitchen and chefs in action. An intimate 24-seat outdoor dining terrace is favoured for alfresco dining. Guests can also enjoy SSG’s ‘Late Happy Hour’ from 10pm to 1am or a decadent dessert in their ‘Barroom’. House DJs ensure that SSG is filled with an evocative selection of ‘Oldies’ from Thursday to Saturday.

SSG’s kitchen, helmed by Patrick Chauchereau and Made Agus Sayoga, offers French-inspired fare with a Southern twist with all main courses ‘Grilled to the Point!’ An emphasis is placed on the best value Australian red meats at different cuts. Other noteworthy dishes include non-grilled items: ‘Free-flow of Australian Beef Carpaccio’ and ‘Unfamous Chicken Vol Au Vent’.

General Manager, Eric Guth and his team continue the  SIP tradition of impeccable service. Eric brings many years of world-class experience to ensure SSG provides friendly and detailed attention to all guests.

Wine is of paramount importance at SSG. Committed to featuring the best value wine cellar in Indonesia, SSG offers their ‘Wine Jukebox’ cellar with wines of exceptional quality at equally attractive prices. This ‘Wine Jukebox’ is said to be an eclectic, balanced, sometimes intriguing and unbiased illustration of some of the best Old World and New World wines in Indonesia.

For more information please go to

Media Contact:

Natasha Beh
Ate Consulting Pte Ltd
Tel: +65-6592-0545



Written by asiafreshnews

September 26, 2011 at 9:45 am

Posted in Uncategorized