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CoreNet Global Reveals the Top Ten Issues Facing Corporate Real Estate Professionals in India

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Increased building security and workplace safety cited as the main challenge facing the industry today

MUMBAI, India, Oct. 21, 2011 /PRNewswire-Asia/ — Identifying the top priorities and challenges facing India’s corporate real estate (CRE) leaders was the main focus of discussions at CoreNet Global’s latest Discovery Forum held recently in Mumbai.

Attended by some of the country’s leading CRE professionals, participants were asked to identify the most significant issues that they face over the next 12 months. Overwhelmingly, the majority of corporate real estate heads noted that calls for increased building security and improved workplace vigilance continue to prove one of the most pressing concerns confronting their organizations in the year ahead.

“Unquestionably, the Mumbai attacks of 2008 and the events of 9/11 have facilitated corporate real estate change in India,” says Rajesh (R.K.) Mutreja, General Manager CRE of Hindustan Unilever Ltd., an attendee at the Discovery Forum. “There is now heightened concern over workplace security and safety. In fact, it is not uncommon for employees and visitors to be subjected to security checks when they enter landmark buildings in India. However, people generally understand the need for improved workplace safety so it is not perceived negatively.”

From a CRE perspective, Discovery Forum attendee Captain K. Srinivas, MCR, VP-Global Real Estate and Facilities Management of Aditya Birla Minacs, comments that such attacks have without a doubt made Indian property managers and developers more aware of the need for better ways to protect their occupants, assets and buildings. “Previously, responsibility for building security fell under the facilities management organizational model for many companies. However, today it falls under risk management and there are information security teams who engage closely with CRE and facilities managers in addressing this from an organizational risk aspect,” he adds.

“A further consequence is that investment in building security has also increased in India and is now part of a process of integrated security solutions that are designed at the outset. In addition, we are seeing a few companies partnering with the Central Industrial Security Force (CISF) on issues concerning building design and security,” says Srinivas. “There is also a greater level of integrated planning and knowledge sharing between the Government security forces and the corporate sector on matters relating to security.”

Aside from the issue of workplace safety and security, participants were asked to rate other key challenges that they face in order of importance. The CRE professionals revealed their top 10 concerns as follows:

1. Safety and security at the workplace;
2. Optimization of their real estate portfolio;
3. Trepidations arising from lack of vision due to unpredictable market conditions;
4. Requirements for greater flexibility in business transactions with landlords;
5. Shortage of CRE talent in the market and staff retention;
6. The rise of new technology and its incorporation into the workplace;
7. Challenges resulting from the inadequacies of existing building infrastructures;
8. The need to redesign office work zones to support trends towards more mobile workforces;
9. Embracing sustainable practices versus managing the costs associated with going green;
10. The need for more effective strategies to manage change.

When asked if the marketplace in Mumbai is landlord or tenant driven, the answers were mixed, however, all participants were in agreement that ultimately it depends on individual circumstances and the companies concerned.

“For example, it was cited that there are four or five companies in India who do plan ahead and have the power to dictate the negotiation process with landlords,” notes David Heaton, Senior Research / Editorial Associate with CoreNet Global, who facilitated the Discovery Forum.

CoreNet Global’s Mumbai Discovery Forum is part of a series of events that the professional association holds in key regions around the world to track the top challenges facing the corporate real estate sector and how CRE executives successfully address them.

For more information on the issues facing the CRE sector in India in the coming year and potential response strategies, interested parties are invited to contact CoreNet Global’s David Heaton at (+1) 404 589-3239 or at dheaton@corenetglobal.org for further 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, mainland China, Hong Kong, India, South Korea, Japan, New Zealand, Singapore and the Philippines. For more information, please visit www.corenetglobal.org .

CONTACT:

Betty Chan, CoreNet Global
Phone: +852-2910-7931
Mobile: +852-6014-1961
bchan@corenetglobal.org

Janet Middlemiss, JEM Worldwide Ltd.
Phone: +852-2857-3832
Mobile: +852-9195-7829
janet@jemworldwide.com
SOURCE CoreNet Global

Written by asiafreshnews

October 24, 2011 at 10:07 am

Posted in Business & Finance

RS Components Wins ‘Best eCommerce Marketing Initiative’ at the eCommerce Awards for Excellence

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SINGAPORE, Oct. 21, 2011 /PRNewswire-Asia/ — RS Components (RS), the trading brand of Electrocomponents plc (LSE:ECM), the world’s leading high service distributor of electronics and maintenance products, has won ‘Best eCommerce Marketing Initiative’ at the eCommerce Awards for Excellence 2011. The award was presented for the company’s successful Search Engine Marketing (SEM) strategy. RS was also highly commended in the ‘International e-Retail Award’ and ‘Best Customer Service Award’ categories. The competition for the awards included ASOS, Coast, Hostelbookers.com, Shop Direct Group and Wiggle.

(Logo: http://www.prnasia.com/sa/2011/05/04/20110504368830.jpg )

Keith Reville, General Manager eCommerce at Electrocomponents, said: “This is a real achievement for our business, not only to be recognised by one of the world’s leading industry bodies for eCommerce, but also to see our brand out there competing and winning eCommerce awards against very well known B2C brands. This acknowledges the significant achievements we have made with our website and online services in order to meet our customers’ needs.”

As part of its customer-focused eCommerce strategy, RS has implemented a successful SEM initiative that has catalysed a dramatic cultural shift in the company. RS is working to become more ubiquitous in key outlets like Google and SEM has become a vital channel for RS customers. The SEM strategy has realised a significant rise in search marketing revenue and search traffic, as well as increased investment and continuously improving performance.

RS boasts 60 websites across the world, with the majority in respective local languages. A recent transformation of its eCommerce website has significantly enhanced the online experience for its customers. The company’s eCommerce strategy has driven significant business growth; eCommerce revenue grew by around 27% in the first half of the Group’s financial year and now represents around 54% of Group sales. RS is continuously improving its eCommerce offering through further customer engagement via the website, its call centre, and online tools.

The eCommerce Awards for Excellence recognise and celebrate companies in the UK that are driving the eCommerce industry forward. The awards cover all parts of the eCommerce process from mobile commerce and payment solutions to customer service, marketing and start-up companies.

About RS Components

RS Components and Allied Electronics are the trading brands of Electrocomponents plc, the world’s leading high service distributor of electronics and maintenance products. Through operations in 32 countries and 17 warehouses, the Group serves 1.6 million customers worldwide and distributes 550,000 products ranging from semiconductors and optoelectronics to power tools and protective clothing. The product and service portfolio supports the entire product lifecycle from R&D through pre-production to maintenance and repair. The Group ships more than 46,000 parcels on the same day the orders are received.

Electrocomponents is listed on the London Stock Exchange and in the last financial year to 31 March 2011 had revenues of GBP1.18bn.

For more information, please visit the website at http://www.rs-components.com.

More information is available via these links:

RS Components on Linkedin
http://www.linkedin.com/company/rs-components

Electrocomponents plc
http://www.electrocomponents.com

RS Components
http://www.rs-components.com

Editorial contact:

RS Components
Tan Soo Chun
Public Relations Manager – Asia Pacific
Tel: +65-6391-5745
Email: soochun.tan@rs-components.com

SOURCE: RS Components

Written by asiafreshnews

October 21, 2011 at 4:17 pm

Posted in Uncategorized

Goodman to Develop 78,000 sqm Logistics Centre for Zalando

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BRUSSELS, Oct. 20, 2011 /PRNewswire-Asia/ — Goodman Group will develop a 78,000 sqm logistics centre for e-commerce retailer Zalando at Erfurt’s freight terminal. The development is pre-let on a 16-year lease term. Construction will commence in mid October and delivery is scheduled for August 2012.

“We are very pleased to have secured this latest project and to forge a new relationship with Zalando. This is Goodman’s eighth pre-committed development in Germany this year and demonstrates our leadership position in the development and management of logistics facilities,” said Andreas Fleischer, Goodman’s Country Manager for Germany.

The warehouse will offer 71,000 sqm of floor space with 7,000 sqm of associated office and social space. Several hundred parking spaces and 55 truck and trailer spaces have been planned. The new facility will incorporate 46 loading docks, with expansion space available for additional docks to cater for future demand.

The development will accommodate the significant growth in Zalando’s business and facilitate the efficient distribution of their products throughout Germany and Europe.

“Zalando is expecting further growth in Germany and in the international markets,” said Rubin Ritter, Managing Director of Zalando.

“The development of a built-to-suit logistics centre in Erfurt which is tailor-made to our individual demands is therefore the next logical step in the development of the company,” Mr Ritter added.

Since its formation in 2008, Zalando has seen strong growth. The company initially sold only shoes online, however today offers a full range of fashion items, including clothing and accessories for adults and children, sportswear and equipment and beauty products. The company currently retails more than 1,000 well-known brands and designer label merchandise.

Goodman’s Group Chief Executive Officer, Greg Goodman concluded: “This latest development for Zalando follows three similar developments announced in Germany and France over recent months, which will provide more than 238,000 sqm of new space for online e-commerce provider, Amazon. These deals demonstrate the strong underlying demand for e-commerce fulfillment being experienced in Europe and Goodman’s expertise in delivering tailored logistics and warehousing solutions for customers in this rapidly growing sector.”

About Goodman

For more information please visit: www.goodman.com

For further information, please contact Goodman:

Majella O Doherty
Tel: +32-2-263-4068
Email: Majella.odoherty@goodman.com
SOURCE Goodman Group

Written by asiafreshnews

October 21, 2011 at 11:19 am

SABIC Commits to Nurture Local Talent to Support Growth in Asia

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Extends its talent search to more than 500 universities globally through the sponsorship of a global business challenge competition with National University of Singapore

NEW DELHI, Oct. 18, 2011 /PRNewswire-Asia/ — SABIC makes a commitment to nurture local talent as it continues to expand its presence in Asia. This was announced by Li Lei, SABIC Vice President, Acting Regional Head for Asia Pacific and Regional Head for Greater China, at NUS Cerebration 2011, a global business challenge competition held in Singapore on 15 October 2011.

SABIC was the Principal Sponsor and one of 10 industry judges at the event organized by the National University of Singapore.

The six finalists consisted of teams from top business schools in China, India, the United Kingdom and Canada. Out of the 575 participating teams, Team “Harry Hans” from the London Business School with the topic “Changing Business Environment for Petrochemical Industry” emerged as the winner of the competition, clinching the top prize of US$10,000.

Commitment to Growing in Asia

As one of the world’s leading petrochemical producers, SABIC touches the lives of many as its materials are used to manufacture a wide range of petrochemical products from basic intermediates to medical devices, plastics in electronics and daily necessities, lighter and more fuel-efficient cars, metals and even fertilizers to help feed the world.

With its strong focus on helping customers create products that would improve the quality of life around the world, SABIC is seeking innovative minds as it continues to expand in Asia, the company’s fastest growing region globally, especially in China and India.

Across Asia, SABIC has 41 offices, 9 manufacturing facilities, and 5 technology and application centers, supported by over 2,200 employees across Asia. SABIC’s customers in Asia include leading global and Asian brands across diverse industries operating in this region.

In 2011, SABIC announced various new investments aimed at accelerating its growth in Asia. These investments include a partnership with SINOPEC to build a polycarbonate plant with a capacity of 260 kilo metric tonnes per year; new Technology Center cum Greater China Regional HQ in Shanghai; a new Technology Center in Bangalore, and a series of infrastructural expansions across Asia.

Local Partnership, Local Talent

The success of SABIC lies in its commitment to successful local partnerships and its willingness to harness talents who are keen to make a difference in their home markets. About 90% of SABIC’s workforce in Asia are Asians.

Its commitment to nurturing talent is evident in its on-going initiatives to equip employees with the skills needed to learn and grow in the dynamic petrochemical industry. This also includes a robust talent review process to help its employees realize their full potential in the company.

Li Lei elaborated: “We need great people who are highly motivated and engaged in their roles to help us succeed, and we want to offer them opportunities for personal and professional growth throughout their careers. This helps prepare us to meet current and future business challenges.”

SABIC was certified as one of China’s Top Employers 2011 for its efforts in the development, retention and promotion of talents. This independent research was conducted by the CRF Institute in China.

Note to Editors

About SABIC

SABIC ranks among the world’s top petrochemical companies. The company is among the world’s market leaders in the production of polyethylene, polypropylene and other advanced thermoplastics, glycols, methanol and fertilizers.

SABIC recorded a net profit of SR 21.5 billion (US$ 5.73 billion) in 2010. Sales revenues for 2010 totalled SR 152 billion (US$ 40.5 billion). Total assets stood at SR 317.6 billion (US$ 84.5 billion) at the end of 2010.

SABIC’s businesses are grouped into Chemicals, Polymers, Performance Chemicals, Fertilizers, Metals and Innovative Plastics. SABIC has significant research resources with 18 dedicated Technology & Innovation facilities in Saudi Arabia, the USA, the Netherlands, Spain, Japan, India and China. The company operates in more than 40 countries across the world with 33,000 employees worldwide.

SABIC manufactures on a global scale in Saudi Arabia, the Americas, Europe and Asia Pacific. SABIC’s overall production has increased from 35 million metric tons in 2001 to 66 million metric tons in 2010.

Headquartered in Riyadh, SABIC was founded in 1976 when the Saudi Arabian Government decided to use the hydrocarbon gases associated with its oil production as the principal feedstock for production of chemicals, polymers and fertilizers. The Saudi Arabian Government owns 70 percent of SABIC shares with the remaining 30 percent held by private investors in Saudi Arabia and other Gulf Cooperation Council countries.

About SABIC Asia

SABIC has established its presence in Asia for over 30 years. Today, Asia is SABIC’s fastest growing region globally with strong double digit growth. SABIC has 41 offices and more than 2,200 employees across Asia. SABIC has also established a large manufacturing and research presence in Asia in order to serve its customers better. Today, it has 9 manufacturing and compounding sites in China, India, Japan, Korea, Singapore, Malaysia and Thailand. SABIC has 3 Technology & Innovation Centers in China and India as well as 2 Application Centers in Japan and Korea. SABIC’s Asia Pacific Regional Headquarters is in Singapore, while its Greater China Regional Headquarters is in Shanghai.

 

SOURCE Saudi Basic Industries Corporation (SABIC)

Written by asiafreshnews

October 20, 2011 at 3:01 pm

Posted in Uncategorized

Conference of State Parties to United Nations Convention Against Corruption, October 2011, Morocco

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COLOMBO, Sri Lanka, Oct. 18, 2011 /PRNewswire-Asia/ — Author Nihal Sri Ameresekere, FCA, FCMA, CMA, CFE, Member, International Association of Anti-Corruption Authorities, releases latest books on Corruption, Fraud, Economic Crime, Governance, Rule of Law, with real case studies:

1. “To Combat Fraud & Corruption – a Cancerous Menace, with mere
Rhetoric, subverts UN Convention against Corruption (UNCAC)” —
exposes hollow commitment to obligations under UNCAC, and
postulates that mega corruption impoverishing the abject poor are
crimes against humanity

2. “Criminality Exposed – Perversely ‘Covered-Up'” — irrefutable
evidence of criminality shockingly revealed in the fraud in the
construction of the Colombo Hilton Hotel

3. “‘Dubious Deals’ – What a Paradox!” — dramatic exposures on lawless
privatisations pushed by IMF, World Bank & ADB

From April this year, the following Books have been released:

4. “Fiscal Mismanagement & Lack of Public Accountability – a case study
vis-a-vis Sri Lanka, a country under the purview of IMF/World-Bank/
ADB” — brazen transgressions on transparency and public
accountability exposed, citing constitutional mandates, social
contract, rule of law and judiciary

5. “Derivative/Hedging Deals by Citibank, Standard Chartered Bank,
Deutsche Bank, with Ceylon Petroleum Corporation – Dubious & Illegal?”
— brilliant analysis of sophisticated camouflaged instruments, also
raising issues of unequal enforcement of law, contempt of court and
judicial bias

6. “Colombo Hilton Hotel Construction — Fraud on Sri Lanka Government
— Sri Lanka’s First Derivative Action in Law” — involving Mitsui &
Taisei / Architects, Yozo Shibata Associates, with KPMG Ford Rhodes
Thornton, as Auditors

7. “Sri Lanka Insurance Privatisation, by PricewaterhouseCoopers and
Ernst & Young – Annulled as Unlawful & Illegal” — reveals corporate
economic crimes, involving Aitken Spence/Distilleries/CT Smith/
Gibraltar Co., and absence of law enforcement, with dubious conduct
of Chamber of Commerce and Chartered Accountants’ Institute,
privatization pushed by IMF/World-Bank/ADB

8. “Colombo Port Bunkering Privatisation – Annulled as Illegal &
Fraudulent” — involving UN Global Compact Co., John Keells — with
subsequent absolving judgments by 6 Supreme Court Justices, shockingly
revealing deliberate cannibalization and part suppression of sole
dissenting Judgment, privatization pushed by IMF/World-Bank/ADB

9. “Pillage of Plantations in Sri Lanka” — reveals the blatant pillage
and plunder of public property, privatizations pushed by IMF/
World-Bank/ADB

Books are available from Publishers, AuthorHOUSE US & UK http://www.authorhouse.com , http://www.authorhouse.co.uk , and internationally from leading E-Retailers. More Information: http://www.consultants21.com/publications

SOURCE: Consultants 21 (Publications) Ltd.

Written by asiafreshnews

October 20, 2011 at 2:44 pm

Posted in Uncategorized

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

Wie Throws Her Weight Behind Education for All in Asia

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HONG KONG, Oct. 17, 2011 /PRNewswire-Asia/ — American superstar Michelle Wie added her voice to a campaign by the United Nations’ children’s charity UNICEF for universal primary education in Asia, during a brief stop in Hong Kong.

(Photo: http://www.prnasia.com/sa/2011/10/17/20111017201154119409.html )
(Photo: http://www.prnasia.com/sa/2011/10/17/20111017201334327588.html )

Wie was speaking at the annual HSBC Champions Charity Golf Day at Hong Kong’s Clear Water Bay Golf & Country Club, which raises awareness and funds for UNICEF’s campaign.

“I believe everyone should have the opportunity to get, at least, a primary education,” declared the 22-year-old.

“I’ve learned so much about myself going to college, not just from studies but about myself in general: moving away from my parents, having to do everything for myself, having to manage everything, I met some amazing people and I think everyone deserves that opportunity. Hopefully I’ll graduate in March. Getting my education, obviously, I believe very strongly in that# and I think it aligns very strongly with this day,” added Wie, who was en route from last week’s LPGA event in Malaysia to Stanford University in California where she is finishing her fifth and final year of a degree in communications.

The Honolulu-born Wie, who as a 12-year old became the youngest qualifier for an LPGA tournament, was making only her second trip to Hong Kong. Her first, a family holiday 12 years ago, was ruined by a typhoon.

She cited “YE” Yang Yong-Eun’s achievement in becoming Asia’s first male Major champion and the current domination of Taiwan’s current world number one Yani Tseng in the women’s game as proof of what Asians can achieve when they’re given the chance.

“She’s an amazing golfer. I’ve competed against her since I was 14 and the way she has improved is very inspiring. She’s a very strong force out there whenever she is in contention, which I think is very impressive and it makes me want to become a better player because I’m kind of in her situation. There are so many players on tour from different places; you have the American players but you have Yani, Shanshan (Feng of China) and all the Korean players and players from Asia where opportunities may not be as available but when one is given the opportunity it’s amazing what they can do with it: that’s so important. It’s just giving people the opportunity and seeing what they can do. If they aren’t given the opportunity you never know what might have happened. You might have the next genius, but they can’t get into primary education; it’s important to give people a chance.”

Wie also took to the golf course as part of the event, which was the culmination of HSBC charity days across Asia that had already raised HK$ 1.5m for the UNICEF Child-Friendly Schools programme in over 20 countries. The events are part of the bank’s build up to next month’s WGC-HSBC Champions in Shanghai; the continent’s highest-ranked men’s tournament.

Wie singled that tournament out as an example of what Asia has been able to achieve once it got the chance to host top-quality golf. The HSBC Champions has been a World Golf Championship event since 2009. Meanwhile the women continue their “autumn swing” playing the inaugural Sunrise LPGA Taiwan Championship this week and the Mizuno Classic in Japan in two weeks time. They’ll return to Asia in February for the “spring swing” which normally includes the Honda LPGA Thailand and the HSBC Women’s Champions in Singapore.

“I think over the last few years the women’s tour has become very global, but watching the men’s tour on TV it’s also become very global as well. I think HSBC does a fantastic job of making world-class events and in Singapore and Shanghai you can see the results of that. Players love coming over here. It’s always a fun time. I love coming back to Singapore every year,” Wie said.
SOURCE HSBC Charity Golf Day

Written by asiafreshnews

October 18, 2011 at 10:18 am

Posted in Business & Finance