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Archive for September 15th, 2011

Singapore’s Oldest Not-for-profit Professional Institute Sues Edith Cowan University

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SINGAPORE, Sept. 13, 2011 /PRNewswire-Asia/ — Management Development Institute of Singapore (MDIS), one of Singapore’s top private education providers and oldest not-for-profit professional institute, has filed a legal suit in the High Court of Singapore (Writ of Summons: S158/2011/B) against Edith Cowan University (ECU), Mr. Kerry Owen Cox, Vice Chancellor and President of ECU and Mr. Gensheng Shen, Dean of ECU International.

In the legal suit filed on 9 March 2011, MDIS is seeking damages for a number of claims which include the breach of the Education Agreement which was originally signed with ECU on March 12, 1999 and replaced with a new agreement on 9 November 2005; damages caused to MDIS as a result of several defamatory remarks made by ECU and the other defendants as well as compensation for all the losses MDIS has suffered as a result of all the defamatory remarks made and attempts made by ECU to encourage its students to leave MDIS to take up ECU courses with another private educational institution in Singapore.

In its affidavit, MDIS highlighted that ECU had not met its obligations for an acceptable teach-out agreement to be implemented within a reasonable time frame following the non-renewal of its Education Agreement with MDIS. Instead, ECU had intentionally caused losses to MDIS by attempting to encourage students to switch to another competitor – Singapore Manufacturers Association Institution of Higher Learning (SMa) to continue their ECU courses. The sudden decision by ECU not to renew its agreement with MDIS had caused confusion among the students who had enrolled into the ECU courses. The unexpected turn had disrupted their study plans as well.

In addition, ECU had made many defamatory remarks against MDIS by sending emails on its views of MDIS to students, Singapore’s Council for Private Education (CPE) and the Australian Universities Quality Agency. These remarks had cast aspersions on MDIS and its leadership and hurt the strong reputation of MDIS.

The pre-trial conference for the legal suit was held on June 28, 2011 and the next court hearing is scheduled sometime this month.

Media Enquires and Contacts On behalf of MDIS:

Tham Moon Yee
Stratagem Consultants Pte Ltd
Email: tmy@stratagemconsultants.com

Lee Yew Meng
Stratagem Consultants Pte Ltd
Email: yewmeng@stratagemconsultants.com
Tel:   +65-6227-0502
Fax:   +65-6227-5663

 

SOURCE Management Development Institute of Singapore (MDIS)

Written by asiafreshnews

September 15, 2011 at 2:52 pm

Posted in Uncategorized

RCI Expands Asian Network

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Global Vacation Exchange Leader Signs Two New Affiliations in Vietnam and Thailand Bringing Asian Portfolio to 158 Properties

SINGAPORE, Sept. 14, 2011 /PRNewswire-Asia/ — RCI, the global leader in vacation exchange and part of theWyndham Worldwide family of brands (NYSE: WYN), today announced two new affiliation agreements with Hon Tam Resort & Spa in Vietnam and Patong Bay Garden Resort in Thailand. The signing of these agreements expands RCI’s Asian portfolio to 158 properties.

Earlier in the year, another two new properties were welcomed into the program. Both in China, the Shining Star Vacation Club, Xing Yao Shui Xiang Resort and Huangshan Grandview Resorts Hotels offer high-quality vacation experiences to the 3.8 million members in RCI’s network.

“These four new affiliation agreements not only show a growing interest for timeshare travel throughout Asia but evidence that we’re offering an innovative and appealing timeshare exchange product,” said Adrian Lee, managing director, RCI Asia Pacific. “Adding new resorts in China, Thailand and Vietnam reaffirms our commitment to offering great vacations in highly-desirable destinations in Asia and throughout the world. We’re happy to have them on-board.”

Hon Tam Resort & Spa is located on Hon Tam, an eco-green island in the middle of Vietnam’s Nha Trang Bay surrounded by crystal blue waters and a private and pristine beach. This luxury resort features 49 cozy bungalows blending both traditional and modern Vietnamese architecture. Recreational facilities include a golf driving range, mini-golf, tennis courts, fitness center, Kids’ Club, spa, and water sports including scuba diving and fishing. A good selection of restaurants and bars serve international seafood and Vietnamese cuisine.

Nha Trang is known for its endless beach and warm tropical weather, as well as several notable islands such as Hon Tre, Hon Yen, Hon Rua and the Spratly Islands. The name Nha Trang is a Vietnamese pronunciation of a Cham word “Eatran” or “Yjatan.” Ea or Yja means river, and tran means reed. According to the locals, there once were a lot of reeds along Ngoc Hoi River, winding its way through town; Ngoc Hoi was later renamed Nha Trang.

Patong Bay Garden Resort is located on the popular Patong Bay in Phuket, Thailand offering a full range of facilities and activities, along with the classic touch of Thai charm and hospitality. The beachfront resort offers 71 charming and affordable rooms with a range of styles to meet the varied needs of the modern international traveler – for both families and couples alike – from wireless internet access and varied food and beverage options to a spa and beauty salon as well as a retail outlet.

Phuket, also known as the Jewel of the Andaman Sea, is a world-class destination offering a dynamic, vibrant and diverse holiday destination; world-class diving in the Andaman Sea; golfing at world-standard championship courses; eco-adventures in tropical forests; exhilarating speedboat trips to the surrounding islands; and serene cruises around mystical Phang Nga Bay.

Shining Star Vacation Club, Xing Yao Shui Xiang Resort is located in the Jia Lize wetland in Kunming, China. This mega upscale integrated tourism development consists of more than 10,000 diverse vacation accommodations spread across themed resorts, hotels, holiday villas and town houses; equestrian club with a landscaped 20-kilometer riding boulevard; ecological wetland park; country-style fishing club; golf academy and driving range exclusively designed by Phil Mickelson; extensive lavender and sunflower fields; organic fruit and vegetable garden; meeting and conference facilities; and a myriad of retail and dining facilities.

Kunming, the capital of Yunnan Province, is known as ‘the City of Eternal Spring’ for its pleasant climate and flowers all year long. With a history of more than 2,400 years, Kunming was the gateway to the celebrated Silk Road that facilitated trade with Tibet, Sichuan, Myanmar and India. It offers alluring highland scenery, bewitching landform, exotic habitats, varied customs and historical interest.

Huangshan Grandview Resorts Hotels, part of the Yuan Yi Group, is a global lifestyle and mixed-used development strategically located in the south of Xin An River and flanked by Pei Lang River to its east. It is surrounded by renowned tourism sites such as the charming Old Antique Street, the awe-inspiring Huangshan, China (also known as Yellow Mountain), diversified cultural wetlands and historical Anhui villages.

This 320,000 square meters community is comprised of: Grand Villa, Grand Mansion, Parrion Huashan Hotel, Hilton Hotel, an Opera and Concert House, multiplex Cinemas, theme hotels (under development), local Anhui restaurants and museum, and Spa Club.

About RCI

RCI is the worldwide leader in vacation exchange with over 4,000 affiliated resorts in approximately 100 countries. RCI pioneered the concept of vacation exchange in 1974, offering members increased flexibility and versatility with their vacation ownership experience. Today, through RCI® Weeks, the traditional week-for-week exchange system, and RCI Points®, the industry’s first global points-based exchange system, RCI provides flexible vacation options to its 3.8 million RCI subscribing members each year. RCI is part of Wyndham Exchange & Rentals and the Wyndham Worldwide family of brands (NYSE: WYN). For additional information visit our media centerrciaffiliates.com or The RCI Blog. RCI also can be found on FacebookYouTube andTwitter.

About Khai Vy Company

Founded in 1995 at Quy Nhon, the former Duyen Hai Wood Processing Factory has grown to become Khai Vy Group Joint Stock Company after 16 years of operation with four major factories. It is well-known for marketing fine furniture and accessories from a variety of materials ranging from solid wood, MDF, particleboard, aluminium, steel, textile and wicker. For the last five years, Khai Vy’s turnover has been approximately 30 to 35 million USD. In 2007, Khai Vy became the legal owner of Hon Tam Island in Nha Trang Bay, and started a massive program to make this island a paradise for tourists all over the world. Khai Vy also started the new project of a 9-storey Wedding and Convention Center in District 7, Ho Chi Minh city, which is slated for operations in October 2012, with a total land area of 2,900 square meters.

About Pisona Company

Pisona Company was established in 1985 as a limousine service and tour operator. At present, the Pisona Group of companies owns and operates hotels, restaurants, bars, spas, transportation, tours, internet, radio stations, shopping plazas, insurance, and property development. The group maintains its integrity as a Phuket-based family-owned business. Mr. Pian Keesin, the founder and chairman of Pisona Group, is presently the mayor of Patong city.

About Shining Star Group

Since its establishment more than 18 years ago, the Shining Star Group has developed more than 10 different businesses such as real estate, commercial and hotel developments, schools and education, hospitals, sports, tourism, property management and mega township development with assets close to RMB150 billion, employing 4,000 staff. Through the consistent effort of the group, it has been given more than 300 awards and accolades, and recognition by the local governments and organizations.

About Yuan Yi Group

Yuan Yi Group began its investment portfolio in real estate in mainland China more than 10 years ago. Its investments have expanded over a region covering Shanghai, Zhejiang, Jiangsu and Anhui provinces. Its achievements include real estate apartment developments of over 3,300,000 square meters, hotel developments of over 380,000 square meters; its projects include hotels, golf course, business and commercial buildings, residential areas and tourism sites. Currently, under the flagship of the Yuan Yi Group, there are four Hilton Hotels, two resort hotels, two tourism and resort complexes, one China national 4A tourist resort and an international golf club. www.yuanyigroup.com

 

SOURCE RCI

Written by asiafreshnews

September 15, 2011 at 12:30 pm

Posted in Uncategorized

MEGAMAN(R)’s Brand Owner, Neonlite Releases First Sustainability Report

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HONG KONG, Sept. 15, 2011 /PRNewswire-Asia/ — Neonlite Electronic & Lighting (HK) Limited, the renowned energy-efficient lighting brand owner of MEGAMAN(R), today released its first Sustainability Report, marking the company’s commitment to conducting its business in a socially sustainable manner. With these results, MEGAMAN(R) has confirmed its top position of the lighting industry in ecological optimization of manufacturing processes and products.

Embracing the philosophy of “Life in Light” and a sustainable management strategy in economic, environmental and social aspects, this report presents the way Neonlite takes its responsibilities across its value chain and the approach it works to mitigate the environmental impact arising from its products, and daily operations. Neonlite also shows how it takes care of its employees and present its engagement to the communities, especially enhancing environmental education.

Highlights of the report include:

— Average mercury usage in CFL reduced to 1.63 mg per lamp as a
result of Amalgam technology.
— 50kg of mercury recovered from company’s own recycling plant
between 2007 and 2010.
— Employee accidents decreased by 66% in 2010 as compared to 2007.
— MEGAMAN(R) Charity Trust Fund funded research projects investigating
artificial lighting in commercial interiors and new strategies for
sustainable lighting.
— Corporate donations totaled US$7.84 million, of which 78% went to
education.

“We are delighted to introduce our first Sustainability Report to demonstrate our dedication to the sustainable development of our business and the community as a whole,” said Foo Onn Wah, Chairman, and Lee Wing Tak, Chief Executive Officer, of Neonlite. “This report serves as a platform to facilitate dialogue with our stakeholders on our sustainability performance, and proclaims our continuous commitment to care for people and the environment as we continue to bring innovative lighting solutions to our domestic and commercial customers.”

The report is guided by the Global Reporting Initiatives (GRI) and is corresponding to Level B. It can be viewed and downloaded at http://www.megaman.cc/sustainability-report

About Neonlite

NeonliteElectronic & Lighting (HK) Limited, the brand owner of MEGAMAN(R), is a global leader in the design, innovation and distribution of eco-friendly, energy efficient LED and CFL lighting products. The company has its own state-of-the-art manufacturing plants, an extensive network of concept stores, and wide distribution of its MEGAMAN(R) products in over 90 countries throughout the world.

For more information about Neonlite and MEGAMAN(R), please visit the website at http://www.megaman.cc .

SOURCE﹛Neonlite Electronic & Lighting (HK) Limited

Written by asiafreshnews

September 15, 2011 at 12:13 pm

Posted in Uncategorized

Eco Lifestyles 2011 Opens on September 15 at Shanghai World Expo Theme Pavilion

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SHANGHAI, Sept. 14, 2011 /PRNewswire-Asia/ — ECO LIFESTYLES 2011 is already described as the “largest and most comprehensive eco exhibition in China”.

To be held at the Shanghai World Expo Theme Pavilion from 15 to 17 September 2011, the event will bring together eco-friendly companies and LOHAS brands. It also aims to grow China’s LOHAS (Lifestyles of Health and Sustainability) market, by educating consumers on the benefits of eco-friendly and green products, as well as encouraging green and eco-friendly lifestyles.

ECO LIFESTYLES 2011 will showcase Eco/LOHAS products, including Food, Design, Home, Fashion, Health, Beauty and Transportation. It will be a full three day event, inspiring healthy ecological lifestyles for China.

The three-day exhibition will be held alongside two major events, namely the ECO LIFESTYLES DESIGN FAIR, and the Eco Industry and LOHAS Forum.

The ECO LIFESTYLES DESIGN FAIR, a component of ECO LIFESTYLES 2011, will showcase innovative sustainable designs in China, using eco-friendly materials. Categories include home design, furniture, household arts, product and fashion. A premiere sustainable Design Competition has been organized and well-received, with a larger than expected number of entries. Finalists’ works will be showcased and judged at the three-day event, which will include a fashion show featuring works from the competition and well-established fashion brands, like Liliming Design and Yi Hui Fashion.

For the Eco Industry and LOHAS Forum, many of China’s senior government officials from the environmental and agriculture sector will attend. They will be joined by green investors, industry experts and top executives from China’s growing eco and LOHAS industry. To be held from 15 to 16 September 2011, the forum will serve as a platform for networking and learning the latest developments in the eco and LOHAS industry.

There will also be concurrent activities and special pavilions for the consumers and the public. These include the Green Transportation Hub, LOHAS One-stop Eco Home, the Nostalgia Theme Pavilion, the Healthy and Organic Food Pavilion, the Family Leisure Experience Centre, Green Kitchen, Designing Healthy Lifestyles Pavilion and the One Million Signature LOHAS Day Event.

In the GREEN KITCHEN, visitors can learn about eating healthily, with great tasting foods, beverages, and organic desserts. They can also pick up a few tips on city farming and grow their own vegetables, which guides at the GREEN KITCHEN will share.

The Healthy and Organic Food Pavilion, co-organized by the Hangzhou Organic Promotion Centre, will showcase nutritious foods, as well as provide talks on ways to eat healthily and avoiding harmful foods.

The Family Leisure Experience Centre will feature DIY activities for visitors to learn about eco-living, such as crafting toys from bamboo and making a bag using old clothes.

The Designing Healthy Lifestyles Pavilion, designed with its own unique and organic style, will have workshops for visitors, and educate consumers on healthy and sustainable living in China. Exhibitors will also demonstrate how to equip homes with proper insulation, non-toxic and sustainable materials, and ways to live a more eco-friendly life.

In the One Million Signature LOHAS DAY event, more residents in Shanghai will get a chance to sign up and pledge their affirmation to live a LOHAS Day. In one of the earlier signature collection drives, 500 students and academics from Shanghai University pledged their commitment to live a day of health and sustainability. This signature drive will be held at shopping centres, universities and residents’ communities in the future, and will continue into the ECO LIFESTYLES 2011 event.

Local Chinese exhibitors at ECO LIFESTYLES 2011 include ECOH, China’s largest chain of natural organic products stores; Sailaiya, well-known in China for its eco-friendly accessories and organic garments for children; and Shanghai Forever, one of the biggest bicycle companies in the world and an established household brand in China, with a listing on the Shanghai Stock Exchange.

International exhibitors include Lekue, one of the world’s leading producers in innovative silicone home products; Dethlefsen & Balk (D&B), one of the world’s oldest suppliers of high-quality teas; and OSIM, a global leader in healthy lifestyles products, with a listing on Singapore’s Stock Exchange.

Not to be left out are over 80 small and medium-sized enterprises and eco-start-ups, producing niche eco-friendly products and crafts. These niche eco-friendly items may appeal to consumers, who are looking for more down-to-earth and unique, but eco-friendly fare.

Overall, ECO LIFESTYLES 2011 will feature exhibitors from countries and regions, including: China, Hong Kong, Macau, Taiwan, Singapore, USA, Malaysia, Germany, Spain, Switzerland, UK and France.

Click on www.ecolifestyles.cn/en to see more details of the event.

ECO LIFESTYLES 2011 is supported by the Shanghai municipal government and organized by Shanghai Municipal Commission of Commerce, Shanghai Municipal Commission of Economy and Information, Shanghai Municipal Education Commission, Shanghai Municipal Agricultural Commission and China Trade Promotion Committee.

The exhibition is also supported by the Shanghai Shopping Festival, which has listed the event as one of the “to-do” activities for shoppers in September.

ECO LIFESTYLES 2011 is presented by Shanghai Ecowing Business Consulting Co, Ltd. The company’s Managing Director, Ms Emma Xu, said: “We are optimistic that visitors to the exhibition will learn a thing or two on eco and LOHAS living, and we hope this will translate to more residents in Shanghai and China living healthier and more sustainable lives.”

For media enquiries, please contact:

Patrick Wong
Shanghai Ecowing Business Consulting Co, Ltd.
Tel: +65 9327 1535
Fax: +86 21 6605 7998
Email: pw.ecowing@ymail.com

Lisa Cao
Shanghai Ecowing Business Consulting Co, Ltd.
Tel: +86 21 6605 1988
Fax: +86 21 6605 7998
Email: lisa.cao@ecowing.org

 

SOURCE Shanghai Ecowing Business Consulting Co, Ltd.

Written by asiafreshnews

September 15, 2011 at 11:44 am

Posted in Uncategorized

Saxo Capital Markets Announces New Offshore Renminbi CNH

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SINGAPORE, Sept. 13, 2011 /PRNewswire-Asia/ — Saxo Capital Markets, the subsidiary of Denmark-headquartered trading and investment specialist Saxo Bank A/S, introduced the new USDCNH currency cross on its trading platforms. This allows clients of Saxo Capital Markets to trade the offshore Chinese Renminbi against the US Dollar.

Streaming prices on ticket sizes up to USD 3 million will be available during regular FX trading hours from 8am Mondays Sydney time to 5pm Fridays New York time. Larger trade sizes will be available on a Request for Quote (RFQ) basis. The Margin Requirement for the USDCNH is 8% and the minimum trade size is USD 5,000 notional.

The USDCNH will be available to all Saxo Capital Markets’ clients, including those of white label clients. However, the cross will not be available to clients of Saxo Capital Markets HK Limited.

Claus Nielsen, Head of Trading, Saxo Bank comments:

“Over the past few years, the Chinese government has allowed the Renminbi to appreciate against the US Dollar, and has gradually deregulated the currency’s trading. CNH offers an important option to take and manage Renminbi risk and exposure to real investments and positive yield. The development of the offshore Renminbi CNH is integral to China’s broader strategic plans to internationalise and turn the Renminbi into a viable reserve currency.

“London, whose 37 per cent share of the global forex market is twice the one of its nearest rival New York, has just been officially approved by China as an offshore centre for trading Renminbi. We expect USDCNH to become an interesting trading currency for our clients in the future.”

Disclaimer:

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.

Important Note: This currency cross is one of the more complex crosses. You should ensure that you fully understand the cross and its attendant risks; and that you are comfortable with and able to accept the risks before deciding to trade in this currency cross.

Please note that because the Renminbi is a restricted currency, the spot and exchange rates for Renminbi against the US dollar are different, including but not limited to, depending on whether they are the so called on-shore or off-shore rates. The reference rate we are using is the offshore USDCNH.

The Chinese Renminbi remains a restricted currency and subject to foreign exchange restrictions within its home jurisdiction. The Chinese government has to date adopted a general policy against the internationalisation of the Chinese Renminbi. You should note and understand the risks attendant to these facts in making any decision to engage in transactions in any foreign exchange transaction with the Chinese Renminbi as one of the two currencies in any currency pair.

Reference pricing for marking to market valuations and settlement will be to the USDCNH as bid/offer quoted by the major financial institutions in the FX space. There is no guarantee that this will always be available and you should understand the market disruption risk and its consequence in trading by reference to the offered currency cross.

One consequence of trading in or by reference to a restricted currency is that it is subject to enhanced risk of illiquidity. The underlying/substantive market for and in Chinese Renminbi may at times face a relatively disproportionate amount of either buying or selling relative to the availability of the physical currency. As such, liquidity may be limited to a certain amount of the currency, particularly on an off-shore basis, on a given day or/and large pricing moves may occur due to a higher than expected level of action in the underlying reference market.

Despite the above, the bid/offer spread can be significantly wider than expected and you should also understand and take that into account in making any decision to engage in transactions in any foreign exchange transaction with the Chinese Renminbi as one of the two currencies in any currency pair.

Risk Warning: 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:

http://sg.saxomarkets.com/about-us/general-disclaimer

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 www.saxomarkets.com.sg

Media contacts:

Saxo Capital Markets Pte Ltd
Celeste Fong
+65 6303-7713
xcfo@saxomarkets.com.sg

 

SOURCE Saxo Capital Markets Pte Ltd

Written by asiafreshnews

September 15, 2011 at 10:55 am

Posted in Uncategorized