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Archive for October 27th, 2011

Global Mall Players Set for Next Week’s ICSC RECon Asia 2011

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Annual International Council Shopping Centers event runs Nov 2-4 at Intex Shanghai

SHANGHAI, Oct. 27, 2011 /PRNewswire-Asia/ — With headline speakers teed up and exhibition space long sold out, the International Council of Shopping Centers is set for Wednesday’s opening of ICSC RECon Asia 2011 at Intex Shanghai. The event runs November 2-4.

This is the sixth regional edition of the Council’s annual convention and exhibition series, which draws together academic and government experts and the world’s top executives in retail, retail real estate development, leasing, management and lending to focus on industry issues and trends.

This year’s speakers and panelists include executives from Mango China, Walmart Asia, GAP, Inter IKEA Center, Disney Store, Starbucks, Taubman Asia — the regional arm of US mall giant Taubman Centers.

“Our speakers testify to RECon Asia’s growth as a genuine platform for global industry players not only for exploring Asia’s possibilities, but also speaking to Asia about its opportunities and challenges,” said ICSC Asia Pacific Director Tan Guan Heng.

With China rapidly urbanizing and increasingly focused on developing its domestic economy, coherent shopping center development and management become crucial. Inevitably, consumer spending — only 37% of GDP compared to 60% or more in developed economies — will account for a much bigger share of the Chinese economy.

While this year’s event focuses on China, delegates can hear how different industry players view prospects across Asia as they compare and contrast PRC opportunities with those in their home markets. In short, RECon Asia sessions remain anchored in the wider Asian context.

The conference will tackle issues ranging from urban planning and currency risk to the changing interplay of international brand retailers and how shopping centers cope as more brands consolidate into fewer ownership groups.

In addition to conference sessions, ICSC will again operate its RECon Academy, which offers enrollees a chance to drill down into two crucial areas to professional development, namely management training and leasing.

“We’ve had a remarkable run-up to this year’s event,” Tan said. “Our exhibition space sold out faster than I’ve ever seen. Academy seats disappeared just as quickly and, judging from delegate registrations so far, it looks like we’ll see a full house when last-minute opening day registrations are toted up.”

RECon Asia 2011’s major exhibitors and sponsors include: AEON Mall, Ayala Land, Inter IKEA Centre Group, Insite Asset Management Group, McDonald’s, SCP, Starbucks, Taubman Asia, Taubman TCBL, The Link REIT and Yangguang Co. Ltd.

About the International Council of Shopping Centers (ICSC)

Founded in 1957, ICSC is the premier global trade association of the shopping center industry. Its more than 55,000 members in over 90 countries include shopping center owners, developers, managers, marketing specialists, investors, retailers and brokers, as well as academics and public officials. As the global industry trade association, ICSC links with more than 25 national and regional shopping center councils throughout the world. For more information, visit


Cat Chan

SOURCE﹛International Council of Shopping Centers (ICSC)

Written by asiafreshnews

October 27, 2011 at 2:48 pm

Posted in Uncategorized

Thailand Flooding — Marsh Advice on Business Resiliency Preparation

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Thailand Flooding — Marsh Advice on Business Resiliency Preparation

SINGAPORE and BANGKOK, Oct. 26, 2011 /PRNewswire-Asia/ — As the worst floods in over 50 years continues to affect Thailand, Marsh, the world’s leading insurance broker and risk advisor, outlines steps that businesses should take to help them prepare before and during the emergency.

Flood Preparation

— Activate your Business Continuity Management procedures. Assemble
emergency response teams to review plans and decision timelines.
— Identify any suppliers that might be affected by the floods, review
contingency plans, and make alternative arrangements as needed.
— If a decision is made to close a facility, check the availability of
key personnel and agree on when to close the facility and the time
required to shut down operations and evacuate personnel. To ensure
safety of personnel, no-one should be allowed to remain on site unless
approved by local authorities, and personnel should stay clear of
low-lying coastal areas. Remain in contact with employees and ensure
that contact lists are current.
— Relocate, as required, any hazardous materials that could react with
— Identify, back up, and/or relocate vital records. Cover valuable
equipment, furniture, and other property susceptible to water damage.
— Check all emergency and communications equipment, including generators
and radios. Ensure that generators will start automatically and that
power transfers properly. Fill oil and fuel tanks to capacity. Verify
that all fire protection equipment and systems are in service.
— Follow local media reports to stay current with the flood’s progress
and any advisory and mandatory evacuation orders.
— Address access to your site after the floods recede. In extreme
conditions, this will be controlled by public authorities. Assemble
supplies for the emergency response team.

Marsh’s property risk, business continuity, and crisis management experts are available to assist clients with any necessary preparations as well as post-event.

Marsh’s local dedicated claims team and client executives can also support clients in their business recovery in the event that they are impacted. The local teams are supported by our regional and international claims teams, including a team of specialists for large or complex claims. To file a claim, contact your client executive or contact:

Duncan Buchanan
Thailand Country CEO
Tel: +66-2695-7103

Somlurk Suwanpakdeechit
Thailand Claims Leader
Tel: +66-2695-7136

Marsh’s Disaster Recovery Portal

Marsh’s Disaster Recovery Portal ( ) provides Marsh specialists’ contact information and regularly updated information for clients. Marsh has also set up a hotline to which clients can direct insurance questions and file formal claims notifications.

About Marsh

Marsh ( ), 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 ( ), 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 ( ), the risk and reinsurance specialist; Mercer ( ), the provider of HR and related financial advice and services; and Oliver Wyman ( ), 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.


Written by asiafreshnews

October 27, 2011 at 12:27 pm

Posted in Uncategorized

First-ever Line-honours for Singapore Sailing Team in International Regatta

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SINGAPORE, Oct. 26, 2011 /PRNewswire-Asia/ — The Audi ultra finished the VinaCapital Hong Kong to Vietnam Race 2011 (19-21 October) with line-honours — the first-ever Singapore registered yacht to manage this, following its line-honours victory in the previous week’s China Coast Regatta in Hong Kong.

The Audi ultra is one of the world’s most advanced ocean racing yachts with a 26-strong crew consisting of experienced international sailors and 12 of Singapore’s most promising young sailors.

After sailing in good winds for the first 90 per cent of the race, the Audi ultra looked set to break the monohull record but the attempt over the 656 nm course was compromised when the 27.5m yacht experienced wind squalls up to 26 knots, a blown spinnaker and damage to the bow.

Still, crossing the line in 43h 44m 24s, the Audi ultra team was less than an hour off Grant Wharington’s 2004 monohull record in supermaxi Wild Thing.

Ludde Ingvall, co-owner of the Audi ultra said, “After top speeds at over 26 knots, a tropical thunderstorm in the night between Thursday and Friday off the coast of Vietnam brought rain so intense that you could not see many metres in front of you. The wind became very erratic and then non-existent.

“However, we got the desired line-honours and won, finishing several hours ahead of the competition. I am very proud of the newly-formed Singaporean Audi ultra racing team and have no doubt of its capability to achieve further successes,” finished Ingvall.

The week before, the team had taken on the region’s most experienced yachtsmen and crossed the line first in four of seven China Coast Regatta’s races.

Tan Wearn Haw, who skippered the Audi ultra for majority of the China Coast Regatta races said: “Our sailors did very well in tough international competition”.

“We have built the breadth of sailing experience in Singapore and will cycle more sailors through this exciting and unique offshore racing programme, brought on by owners, Ingvall and Singapore-based entrepreneurs Thomas Zilliacus and Ron Creevey. The Audi ultra will continue to develop opportunities for Singaporean sailors to have a career in big boat sailing and make Singapore the Asian kingpins in offshore racing,” said Tan, who is also the CEO of Singapore Sailing Federation.

The Audi ultra will now be preparing for the 2011 Phuket King’s Cup Regatta held on 3-10 December.


SOURCE Audi Singapore Pte Ltd.

Written by asiafreshnews

October 27, 2011 at 12:16 pm

Posted in Uncategorized