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Marsh Launches Customised Professional Liability Insurance Solution for Notified FMCs in Singapore

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SINGAPORE, Oct. 17, 2011 /PRNewswire-Asia/ — As a volatile global economy continues to create uncertainty for investors, fund managers are becoming increasingly concerned about potential claims by their clients of mismanagement and negligence, repeating a trend that emerged in the wake of the global financial crisis.

To help the large number of Notified Fund Management Companies (“Notified FMCs”) in Singapore manage their risk exposures Marsh, a wholly-owned subsidiary of Marsh & McLennan Companies, today launched the Investment Management Insurance Scheme. The offering combines directors’ and officers’ liability insurance, professional indemnity insurance and crime insurance into a single customised package.

“Singapore has been tipped to overtake Switzerland as the world’s top wealth management centre within the next two years, as the city-state benefits from growth in neighbouring emerging markets, a supportive regulator and a stable political climate,” said Gary Chua, Marsh’s Financial and Professional Risks Practice Leader for ASEAN.

“Risk management is a critical factor for investors when deciding who to entrust with their capital. In fact, institutional investors often require the fund managers they engage with to have Professional Indemnity insurance.”

As part of the Capital Market Services (CMS) licensing requirements, representatives may be required to purchase professional indemnity insurance. However, this requirement does not apply to Notified FMCs, or those fund managers with up to 30 qualified investors or less than S$250 million in Assets Under Management.

“All fund managers, regardless of license status, size or type, are equally exposed to the risk of investor lawsuits or regulatory action. The Investment Management Insurance Scheme will help this important segment of the Singapore financial services sector to manage its risk more effectively,” said Mr Chua.

About the Investment Management Insurance Scheme

The Investment Management Insurance Scheme is underwritten by ACE Insurance (Singapore) Pte Ltd and is customised for Notified Fund Management Companies in Singapore.

The Investment Management Insurance Scheme is designed for fund managers who have:

— Assets under management of less than S$250 million, or
— Up to 30 qualified investors, or
— Manage less than 15 funds

The Investment Management Insurance Scheme offers the following insurance coverage highlights:

— Directors’ & Officers’ Liability Insurance (D&O): protecting
individuals for specific management and personal liabilities
— Professional Indemnity Insurance (PI): covering investment
services offered by investment managers and advisors
— Crime Insurance: protecting investment managers and funds from
theft by employees

The Investment Management Insurance Scheme is meant for the following types of fund managers:

— Listed Equity
— Hedge Fund
— REITs
— Private Equity
— Venture Capital
— Fund of Fund
— Fund of Hedge Fund
— Hybrid of any of the above

For More Information

For more information, please visit http://www.marsh.com.sg/finpro_scheme.html where fund managers are able to obtain a no-obligation quote within 48 hours by completing an online form.

Free Seminar

Marsh is hosting a free breakfast seminar on the issue of professional liability for fund managers during market volatility on 28 October 2011. For more information, please contact Neha Mehta ( nmehta@aima.org ).

About Marsh

Marsh( http://www.marsh.com ), the world’s leading insurance broker and risk advisor, teams with its clients to define, design, and deliver innovative industry-specific solutions that help them protect their future and thrive. It has over 24,000 colleagues who collaborate to provide advice and transactional capabilities to clients in over 100 countries. Marsh is a member of Marsh & McLennan Companies( http://www.mmc.com ), a global professional services firm with 52,000 employees worldwide and annual revenue exceeding US$10 billion, which is also the parent company of Guy Carpenter( http://www.guycarp.com ), the risk and reinsurance specialist; Mercer( http://www.mercer.com ), the provider of HR and related financial advice and services; and Oliver Wyman( http://www.oliverwyman.com/ow/index.html ), the management consultancy. Its stock (ticker symbol: MMC) is listed on the New York, Chicago and London stock exchanges. Follow Marsh on Twitter @Marsh_Inc( http://twitter.com/@Marsh_Inc ).

SOURCE﹛Marsh

Written by asiafreshnews

October 19, 2011 at 2:22 pm

Posted in Uncategorized

Lanson Place Joins Hands with Shanghai Leading Developer on Landmark Project

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Wins Third Management Contract for Serviced Residence Project in Shanghai

Continues to Identify Potential Business Opportunities in Shanghai

Accelerates Business Expansion in the Asia Market

HONG KONG, Oct. 18, 2011 /PRNewswire-Asia/ — Lanson Place Hospitality Management Limited (“Lanson Place” or the “Company”), a wholly-owned subsidiary of Wing Tai Properties Limited (SEHK stock code: 369), is pleased to announce that it has signed a new contract to manage a Serviced Residence under the Luxiangyuan Project in Shanghai.

(Photo: http://www.prnasia.com/sa/2011/10/18/20111018190721999122.html )

The Luxiangyuan Project is owned and developed by Shanghai Luxiangyuan Properties Limited, a subsidiary jointly owned by Shanghai Chengtou Holding Co., Ltd. (“CT Holding”; A-Share stock code: 600649) and its unit Shanghai Chengtou City Land (Group) Co., Ltd. (“CT Land”). CT Holding is a leading integrated modern services enterprise in China, boasting outstanding competitive strength in its three core businesses: environmental services, real estate and equity investment. CT Land is committed to becoming a leading real estate developer in China. It has recently been recognized as one of Top 50 Property Developers in Shanghai, Top 10 Leading Property Developers in Shanghai, and Top 10 developers in terms of scale among China’s Top 100 Real Estate Developers in 2011.

The project is located in the centre of Shanghai’s most prominent commercial districts – the Huaihai Road central business district, Xintiandi, Yuyuan and Chenghuang Temple – ensuring the commercial and daily use of the surrounding facilities. The site is conveniently accessible, with the Renmin Road Tunnel and underground train stations within walking distance, while the Small Lujiazui financial and commercial district is just a five-minute walk from Renmin Road Tunnel. The project occupies a total site area of 149,300 sq. m. and with a planned gross floor area (“GFA”) of 391,600 sq. m. It will be developed in two phases comprising primarily high-end residential units and supporting commercial facilities.

Lanson Place will be responsible for the management of the project’s Serviced Residences, which will offer 79 serviced residential units of between 60 and 300 sq.m, a gym and a breakfast lounge. The project is targeted to be completed by 2013.

Mrs. Karen Li, Executive Director of Lanson Place, said: “We are delighted to partner with CT Holding, one of the most influential state-owned developers and the largest publicly listed real estate developers in Shanghai, on this key development project in the heart of the city. We believe this cooperation not only is a testament to our solid reputation in quality hospitality services in the region, it will also further strengthen our presence in this growing market. We will continue to actively identify suitable development opportunities in both hospitality management and investment for business expansion in Asia.”

Mr. Marc Hediger, Chief Executive Officer of Lanson Place, said: “This Luxiangyuan Project marks a major milestone in the Group’s corporate development, as it is our third management contract in Shanghai and the ninth property project managed and operated by us in Asia. With our strong brand reputation, quality customer services, management expertise and solid operating experience gained from the management of Lanson Place Jinlin Tiandi Residences and Lanson Place Jin Qiao Residences in Shanghai, we are confident that the project will deliver exceptional performance and bring strong value to the Company.”

About Wing Tai Properties Limited

The business of Wing Tai Properties Limited (SEHK stock code: 369) (Previously known as USI Holdings Limited) spans three core areas: property development under the Wing Tai Asia brand; hospitality investment and management under its Lanson Place brand in Hong Kong, Shanghai, Beijing, Singapore and Kuala Lumpur; and the property investment arm under its listed subsidiary Winsor Properties (SEHK stock code: 1036). Wing Tai Properties was listed on the Stock Exchange of Hong Kong Limited in 1991.

About Lanson Place Hospitality Management Limited

Lanson Place is a wholly-owned subsidiary of Wing Tai Properties Limited. As its hospitality investment arm Lanson Place manages an award-winning boutique hotel in Hong Kong and Serviced Residences in Shanghai, Beijing, Kuala Lumpur and Singapore providing over 1,200 luxury Serviced Residences.

For further information, please contact Hill & Knowlton Asia Ltd.:

Gary Li
Tel: +852-2894-6239
Email: gary.li@hillandknowlton.com.hk

Linda Pui
Tel: +852-2894-6378
Email: linda.pui@hillandknowlton.com.hk

SOURCE Lanson Place Hospitality Management Limited

Written by asiafreshnews

October 19, 2011 at 12:17 pm

Posted in Travel

SingTel Leads CapitaLand in Running for Most Investor Relations Awards

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Short list announced for the IR Magazine South East Asia Awards 2011

SINGAPORE, Oct. 18, 2011 /PRNewswire-Asia/ — SingTel heads the 32 companies short-listed for the upcoming IR Magazine South East Asia Awards, to be held at Singapore Exchange on December 6, 2011. The Singaporean telecommunications company features on seven award short-lists out of a total of 18, including the individual awards for best investor relations officer and best investor relations by a CFO.

(Logo: http://www.prnasia.com/sa/2011/10/17/20111017141501390277-l.jpg )

These seven short lists top the six picked up in 2010 by CapitaLand, which is short-listed for six awards this year. Real estate developer CapitaLand will go head to head with SingTel to take home the grand prix for best overall IR for a second year running.

Singaporean banks DBS and OCBC are both up for four awards, followed by UOB with three. Keppel Land, StarHub and Philippine Long Distance Telephone also feature on multiple short lists. The latter company is one of 14 from Indonesia, Malaysia, Thailand and the Philippines that will compete for four separate country awards for best investor relations in the Singapore market.

A full list of this year’s short list is available below, or on our website at www.InsideInvestorRelations.com/seasia.

The short list and the eventual winners, announced at the awards luncheon on December 6, are determined by an independent survey conducted by Mary Maude Research. During July and August, researchers spoke to more than 300 buy-side analysts, sell-side analysts and portfolio managers located in the region. Other awards categories voted for by the investment community including best corporate governance and disclosure policy, and best investor relations during a corporate transaction.

The event at Singapore Exchange will be hosted in association with Singapore Exchange and the Investor Relations Professionals Association (IRPAS), and is co-sponsored BNY Mellon Depositary Receipts.

Looking forward to this year’s awards, Neil Stewart, editor-at-large of IR magazine, says: “With uncertainty in the US and Europe driving more investors into Asian emerging markets, IR is a beacon in a worldwide storm of volatility, helping distinguish companies in an increasingly macro-driven world. It is an honor to continue to recognize the best IR teams in South East Asia with these awards, while the conference will once again help to highlight trends and best practices.”

IR magazine’s Investor Perception Study, Asia 2011/2012, an extensive research report on the winners and short-listed companies, will be published following the event. This year’s report will include the new Asia Top 50 IR ranking: a comprehensive list of the top companies across Greater China and South East Asia.

About Cross Border Ltd and IR magazine

Cross Border Ltd is the publisher of IR magazine, the only global publication focused on the interface between companies and their investors. IR magazine hosts events in the US, the UK, Europe, Canada, Singapore, Hong Kong, China and Brazil. Visit www.InsideInvestorRelations.com for more details.

2011 South East Asia Awards short list

Listed alphabetically by company in each category

Grand prix for best overall investor relations
Large cap
CapitaLand
Singapore Exchange
Singapore Telecommunications
United Overseas Bank

Grand prix for best overall investor relations
Small or mid-cap
Ascendas REIT
CapitaCommercial Trust
Keppel Land
Venture Corporation

Best investor relations professional
CapitaLand Cheong Kwok Mun & Harold Woo
OCBC Bank Kelvin Quek
Singapore Telecommunications Sin Yang Fong
StarHub Jeannie Ong

Best investor relations by a CEO
DBS Group Piyush Gupta
OCBC Bank David Conner

Best investor relations by a CFO
CapitaLand Olivier Lim
Singapore Telecommunications Jeann Low
United Overseas Bank Lee Wai Fai

Best reporting
CapitaMall Trust
DBS Group
Singapore Telecommunications

Best investment meetings
CapitaLand
DBS Group
Singapore Telecommunications

Best corporate governance and disclosure
CapitaLand
OCBC Bank
Singapore Telecommunications

Best investor relations for a corporate transaction
Keppel Corporation – acquisition of stake in Dyna-Mac in March 2011
Noble Group – acquisition of additional stake in Australia-based Territory Resources in June 2011
Singapore Exchange – attempted takeover of Australian Stock Exchange

Best investor relations by a Catalist company
Short list to be confirmed

Best investor relations in the Singapore market by an Indonesian company
Adaro Energy
Astra International
Indofood

Best investor relations in the Singapore market by a Malaysian company
CIMB Group
DiGi.com
Tenaga Nasional

Best investor relations in the Singapore market by a Philippine company
AboitizPower Corporation
Meralco
Philippine Long Distance Telephone

Best investor relations in the Singapore market by a Thai company
Advanced Info Service
Big C Supercenter
Indorama Ventures
Precious Shipping
Tisco Financial Group

Best investor relations by sector

Banks & financial services
DBS Group
OCBC Bank
United Overseas Bank

Industrials (including construction and conglomerates)
Keppel Corporation
Noble Group
Sembcorp Marine

Real estate (including property development)
CapitaLand
CapitaMall Trust
Keppel Land

Technologies & telecoms
Philippine Long Distance Telephone
Singapore Telecommunications
StarHub

Transport (including logistics & infrastructure)
ComfortDelGro Corporation
Neptune Orient Lines
Singapore Airlines
SOURCE IR magazine

Written by asiafreshnews

October 19, 2011 at 11:38 am

Posted in Business & Finance

Splunk Wins “Best Case Study Presentation” at TDWI’s Big Data Analytics Solution Summit

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SAN FRANCISCO, Oct. 18, 2011 /PRNewswire-Asia/ — Splunk( http://www.splunk.com ), the engine for machine data, today announced that it has been awarded the Best Case Study Presentation at TDWI’s recent Big Data Analytics Solution Summit in San Diego.

Splunk Chief Marketing Officer Steve Sommer and Vice President of Engineering Stephen Sorkin delivered the presentation, which examined deep analytics and emphasized that machine data is one of the fastest growing, most complex and most valuable segments of big data.

The summit delegates selected Splunk from nearly 20 vendors due to the company’s compelling examples of customers that grasp the potential of big data and their ability to capitalize on the opportunity. According to Richard Zbylut, President of TDWI, “As a thought leader in the business intelligence space, TDWI is pleased to recognize business intelligence technology companies like Splunk that have developed innovative solutions their customers are embracing and willing to share with others.”

The presentation looked at how customers across several industries including cloud/online services, education, media, government and manufacturing are using Splunk to make machine data accessible, usable and valuable to everyone. “Data is growing exponentially, across virtually every organization,” said Sommer. “In our presentation, we explained how our customers are monitoring, analyzing and reporting on machine data to derive operational insights for both IT and the business. Many vendors are focused on extending relational databases to address structured data, but our founders realized that machine data requires a fundamentally different type of solution.” To read more about Splunk and big data, read http://www.splunk.com/goto/bigdata .

About TDWI

TDWI, a division of 1105 Media, Inc., is the premier provider of in-depth, high-quality education and research in the business intelligence and data warehousing industry. TDWI offers a worldwide membership program, five major educational conferences, topical educational seminars, role-based training, onsite courses, certification, solution provider partnerships, an awards program for best practices, live Webinars, resourceful publications, an in-depth research program, and a comprehensive Web site: http://tdwi.org .

About Splunk

Splunk is the engine for machine data. Our software enables enterprises to gain operational intelligence by monitoring, reporting and analyzing 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 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 www.splunk.com .

Media Contacts:

Clara So
Splunk
+852-3975-4063
cso@splunk.com

Bonita Wong
Text100
+852-2821-8677
Bonita.wong@text100.com.hk
SOURCE Splunk

Written by asiafreshnews

October 19, 2011 at 10:31 am