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Archive for March 20th, 2012

KPMG Forms Alignment to Expand Capabilities in Mongolia

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Agreement with NIMM Audit creates country’s largest audit, tax and advisory services provider

HONG KONG, March 19, 2012 /PRNewswire/ — KPMG in Mongolia and NIMM Audit, a leading Mongolian professional services company, have agreed to align as KPMG LLC — forming a combined team including 50 local audit, tax and advisory professionals along with seconded industry experts from other KPMG member firms that will establish KPMG as the largest service provider of its kind in Mongolia, KPMG International announced today.

The move demonstrates the strategic importance of Mongolia to the KPMG network, strengthening the ability to assist clients in the country’s critical growth sectors including energy and natural resources, infrastructure and financial services. Mongolia has gained greater global attention with stock market performance that has led the world over the past decade, rapidly increased foreign direct investment and double-digit GDP growth.

“We are delighted that NIMM is joining the KPMG organization, and we are excited about the opportunities to help clients prosper in the fast-growing Mongolian economy,” said Michael Andrew, Chairman, KPMG International. “NIMM brings an extraordinary depth of local knowledge, combined with KPMG’s strength across audit, tax and advisory, that’s a critical advantage in this rapidly changing market.”

Andrew said there are solid growth prospects in Mongolia, largely driven by the vast untapped mineral reserves and need for infrastructure development. “Globally, KPMG has very strong Energy and Natural Resources and Infrastructure practices, with deep experience to support the new Mongolian firm and contribute to these important projects,” Andrew said.

KPMG is dedicated to providing world-class services to its clients in Mongolia, who expect the same high standards of risk management and quality control that they find worldwide. To achieve this, the new member firm will be led by a senior KPMG partner, Edward Kim, who has extensive audit, transaction services, risk management and marketing leadership experience with KPMG members firms in Australia and Korea.

Kim will work alongside L. Enkh-Amgalan, managing partner, NIMM Audit, who has more than 25 years of professional experience in Mongolia and serves as the President of the Mongolian Institute of CPAs.

“This is an important time in the Mongolian economy, and we are very proud to have teamed up with KPMG,” said Enkh-Amgalan. “Our nation has a bright future, and the joint venture with KPMG will be critical in serving our growing international and Mongolian client base.”

For further information, contact:

Edward Kim
Partner, Samjong KPMG, Inc.

Matthew Holmes
Communications, Samjong, KPMG, Inc.

Kent Miller
Communications, KPMG International

About KPMG

KPMG is a global network of professional firms providing Audit, Tax and Advisory services. We operate in 152 countries and have 145,000 people working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.


Written by asiafreshnews

March 20, 2012 at 2:17 pm

Posted in Uncategorized

Kris Kumar, Regional Head of Asia Pacific, Appointed Senior Vice President of Digital Realty

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SINGAPORE, March 19, 2012 /PRNewswire-Asia/ — Digital Realty Trust, Inc. (NYSE: DLR), a leading global data centre solution provider, announced today that Kris Kumar has been promoted to Senior Vice President. His new title is Senior Vice President & Regional Head, Asia Pacific. Mr. Kumar is based in Singapore and is responsible for overseeing the Company’s corporate activities in Asia and the Pacific Rim, including Australia, Singapore, and Hong Kong. Mr. Kumar will continue to be responsible for several initiatives, such as developing relationships with partners and new customers in the region, identifying strategic investment opportunities in new and existing markets across Asia Pacific, and coordinating operations.

“Kris has made a tremendous contribution since formally joining Digital Realty nearly two years ago. Under his leadership, we have exceeded our leasing expectations at our Singapore facility, expanded in to Australia with the purchase of development sites in Sydney and Melbourne, and are working on further expansion opportunities in the region,” said Michael F. Foust, CEO of Digital Realty. “Through his tireless efforts, he has also built a team of top rated data center professionals, expanding our operating platform across the region to provide the level of service, reliability and security our customers have come to expect from Digital Realty. Kris’s deep customer relationships and technical expertise are critical assets to Digital Realty as we continue to build a strong foundation for our future growth in the region.”

Kris Kumar joined Digital Realty in May 2010 with 28 years of experience in the IT/data center infrastructure, property and marine industries. Immediately prior to joining the Company, Mr. Kumar was the president and co-founder of a specialized consulting and project implementation business that conceptualized, business-planned and delivered facilities and move-in ready data center projects for major corporate enterprises and international telecom and IT companies across the Asia-Pacific region. As a Chief Engineer in the Merchant Marine he developed his extensive experience and expertise in critical engineering systems, planning and design engineering for uptime and reliability as well as maintenance systems, processes and procedures. He earned a Bachelor’s degree in Marine Engineering (Distinction) and a Postgraduate degree in Facilities Management & Finance from Sydney University.

About Digital Realty
Digital Realty Trust, Inc. focuses on delivering customer driven data center solutions by providing secure, reliable and cost effective facilities that meet each customer’s unique data center needs. Digital Realty’s customers include domestic and international companies across multiple industry verticals ranging from information technology and Internet enterprises, to manufacturing and financial services. Digital Realty’s 102 properties, excluding three properties held as investments in unconsolidated joint ventures, comprise approximately 19.1 million square feet as of February 27, 2012, including 2.4 million square feet of space held for redevelopment. Digital Realty’s portfolio is located in 31 markets throughout Europe, North America, Singapore and Australia. Additional information about Digital Realty is included in the Company Overview, which is available on the Investors page of Digital Realty’s website at

Safe Harbor Statement
This press release contains forward-looking statements which are based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially, including statements related to our plans in the Asia Pacific region. These risks and uncertainties include, among others, the following: the impact of the recent deterioration in global economic, credit and market conditions, including the downgrade of the U.S. government’s credit rating; current local economic conditions in our geographic markets; decreases in information technology spending, including as a result of economic slowdowns or recession; adverse economic or real estate developments in our industry or the industry sectors that we sell to (including risks relating to decreasing real estate valuations and impairment charges); our dependence upon significant tenants; bankruptcy or insolvency of a major tenant or a significant number of smaller tenants; defaults on or non-renewal of leases by tenants; our failure to obtain necessary debt and equity financing; increased interest rates and operating costs; risks associated with using debt to fund our business activities, including re-financing and interest rate risks, our failure to repay debt when due, adverse changes in our credit ratings or our breach of covenants or other terms contained in our loan facilities and agreements; financial market fluctuations; changes in foreign currency exchange rates; our inability to manage our growth effectively; difficulty acquiring or operating properties in foreign jurisdictions; our failure to successfully integrate and operate acquired or redeveloped properties; risks related to joint venture investments, including as a result of our lack of control of such investments; delays or unexpected costs in development or redevelopment of properties; decreased rental rates or increased vacancy rates; increased competition or available supply of data center space; our inability to successfully develop and lease new properties and space held for redevelopment; difficulties in identifying properties to acquire and completing acquisitions; our inability to acquire off-market properties; our inability to comply with the rules and regulations applicable to reporting companies; our failure to maintain our status as a REIT; possible adverse changes to tax laws; restrictions on our ability to engage in certain business activities; environmental uncertainties and risks related to natural disasters; losses in excess of our insurance coverage; changes in foreign laws and regulations, including those related to taxation and real estate ownership and operation; and changes in local, state and federal regulatory requirements, including changes in real estate and zoning laws and increases in real property tax rates. For a further list and description of such risks and uncertainties, see the reports and other filings by the Company with the U.S. Securities and Exchange Commission, including the Company’s Annual Report on Form 10-K for the year ended December 31, 2011. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

For Additional Information:

A. William Stein
Chief Financial Officer and
Chief Investment Officer
Digital Realty Trust, Inc.
+1 (415) 738-6500

Pamela M. Garibaldi
Vice President, Investor Relations
and Corporate Marketing
Digital Realty Trust, Inc.
+1 (415) 738-6500

Kris Kumar
SVP & Regional Head,
Asia Pacific
Digital Realty Trust, Inc.
+65 65053900

SOURCE﹛Digital Realty Trust, Inc.

Written by asiafreshnews

March 20, 2012 at 1:59 pm

Posted in Uncategorized

NEXX Systems Joins Tokyo Electron (TEL) as a Wholly Owned Subsidiary

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BILLERICA, Mass., March 19, 2012 /PRNewswire-Asia/ — Tokyo Electron Limited( ) (“TEL”) (Headquarters: Minato ward, Tokyo, Japan; President and CEO: Hiroshi Takenaka) is pleased to announce the completion of a definitive acquisition agreement with NEXX Systems Inc( ). (“NEXX”) (Headquarters: Billerica, Massachusetts, USA; President and CEO: Tom Walsh). Over the years, NEXX collaborated with TEL to study process technology in advanced packaging equipment for the development of 3D Thru Silicon Vias (TSV), giving both companies an opportunity to work together and setting the stage for TEL’s acquisition of NEXX.

Rapid growth of smart phones, tablet computers and emerging multifunctional mobile electronics is driving the semiconductor industry to produce ever-smaller, thinner, denser and lower-power products while simultaneously demanding increased complexity and functionality with every new introduction. The advent of Wafer Level Packaging (WLP) and 3D vertical integration (3D) technologies has provided semiconductor manufacturers with the tools to resolve manufacturing challenges presented by constant and consistent product innovation. Over the past ten years NEXX Systems gained international recognition as a leading supplier of WLP and 3D packaging equipment. The acquisition of NEXX by TEL will expand TEL’s position in advanced packaging to include electrochemical deposition( ) (ECD) and physical vapor deposition( ) (PVD) systems that have won awards for their outstanding performance, low cost of ownership, development flexibility and their extendibility to future applications in both back-end and front-end processes.

Hiroshi Takenaka, President and CEO of TEL, remarked: “Delivering superior performance for leading-edge semiconductor manufacturers requires significant innovation in wafer level packaging. NEXX has demonstrated outstanding advantages in electrochemical deposition, a key differentiating technology in this market. TEL’s strategy to advance wafer level packaging will make use of technical synergies only possible between these two companies and will capitalize on both TEL and NEXX’s core business strengths.”

Tom Walsh, President and CEO of NEXX, added, “We are delighted to join forces with the world’s quintessential master IC tool supplier. We believe NEXX Systems’ integration into the TEL family will benefit our stakeholders, our team and, most importantly, our customers and everyone with an interest in advanced electronics. By joining the TEL group of companies, NEXX will accelerate our technology roadmaps and strengthen our competitive positions. The TEL-NEXX combination will leverage complementary customer relationships: NEXX provides TEL with an immediate presence in the high growth, back-end packaging arena, while NEXX gains access to front-end growth markets and an unparalleled repository of cutting-edge intellectual property.”

NEXX Systems brings exceptional technical expertise to flip chip and advanced packaging. Our product lines provide the most efficient, yet affordable, systems of their kind: Apollo for multi-layer PVD deposition of metal thin films, and Stratus for high throughput electrodeposition of metals.

SOURCE﹛NEXX Systems Inc.

Written by asiafreshnews

March 20, 2012 at 12:10 pm

Posted in Uncategorized

Stokke(R) is Launching a New 3 in 1 Baby Carrier

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OSLO, Norway, March 19, 2012/PRNewswire/ —

– The Stokke Baby Carrier Grows With Your Child, Without Compromising on Comfort and Ergonomics for Your Baby or You.

Research shows that we are all born into this world already connected to those around us. Movements and rhythms felt from inside the womb are familiar and comforting to your baby. A mother’s heartbeat, a father’s voice, jumbled up with soon to be familiar sounds from the outside world.

To view the Multimedia News Release, please click:

Throughout your pregnancy you feel every flutter and movement that your growing baby makes. Just as you tune into them, your baby gets used to your rhythm.

For 9 months your baby has got used to your rhythm – why stop now?

Stokke(R) MyCarrier is a new unique 3 in 1 baby carrier concept that allows you to keep your baby close, maintaining your symbiotic harmony as your child grows.

Adjustable and really easy to use Stokke(R) MyCarrier grows with your child adapting to their ever changing needs as they develop and grow.

For baby the innovative adjustable seating position supports the bottom, thighs and pelvis using the natural “Happy Hips” position. Unlike other carriers this supported seating position can be adapted when your older baby wants to face the outside world.

From 12 months Stokke(R) MyCarrier can be used on your back and the creative design allows you to dress your baby into the carrier before attaching it to you – a safe and comfortable solution.

It is simple and user friendly and the fully adjustable parent harness make it effortless for mom and dad to use the same harness.

Design info:


3 in 1 Baby Carrier

— Front carrier – parent facing*
— Front carrier – outward facing
— Back carrier – from around 12 months**

For Baby

— Suitable from birth*
— Adjustable seating to ensure “Happy Hips” position when parent facing and narrow leg position when facing outwards
— Good support under bottom and thighs ensuring optimum “Happy Hips”
— Adjustable head support
— Adjustable back for proper posture
— Made from GOTS certified organic cotton, the textiles are free from harmful substances and soft to the baby’s skin

For Parent

— Easy to adjust and use
— Ergonomically designed back and shoulder straps ensure your comfort
— Waist belt for even weight distribution
— Unique 3 year warranty – register at and get it !

The concept:

For Style

— Colours: Red, Dark Navy, Brown

Visit us:

Contact: Janne Strommen,, (+47)70-24-49-66


Written by asiafreshnews

March 20, 2012 at 12:03 pm

Posted in Uncategorized

Travelzoo Australia Announces Management Change

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SYDNEY, March 19, 2012 /PRNewswire-Asia/ — Travelzoo Australia, owned and operated by Travelzoo Asia Pacific, a licensee of global Internet media company Travelzoo Inc. (NASDAQ: TZOO), today announced that Brad Gurrie, managing director, Australia and South East Asia, will leave the company on May 11, 2012 to pursue other opportunities. At that time, Matt Whyte, who currently serves as sales director, will act as country manager for Travelzoo Australia.

“Brad has played an important role in building Travelzoo Australia which today has over 600,000 high quality subscribers. He has established the Travelzoo brand as the most trusted and respected deal publisher amongst consumers and businesses in Australia. We wholeheartedly thank Brad for his contribution and wish him success to his new career chapter,” said Jason Yap, CEO, Travelzoo Asia Pacific.

Brad Gurrie, who will take on a CEO position at a media company, joined Travelzoo Australia in 2007.

About Travelzoo Australia

Travelzoo Australia is independently owned and operated by Travelzoo Asia Pacific under a license agreement with Travelzoo Inc. (NASDAQ: TZOO), a global Internet media company. With more than 24 million subscribers in Asia Pacific, North America and Europe, and 24 offices worldwide, Travelzoo(R) publishes deals from more than 2,000 travel and entertainment companies. Travelzoo’s deal experts review offers to find the best deals and confirm their true value.

Media Contact:
John Prince
Travelzoo Australia

SOURCE: Travelzoo Australia

Written by asiafreshnews

March 20, 2012 at 11:57 am

Posted in Uncategorized

PayPal Launches PayPal Here to Ignite Commerce Revolution for Small Businesses and Entrepreneurs across the Asia Pacific Region

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PayPal Enables Millions of Small Businesses Across Asia Pacific

To Accept Credit and Debit Cards and PayPal Payments Through a Smartphone

HONG KONG , March 16, 2012 /PRNewswire-Asia/ — PayPal today announced PayPal Here(TM), a global mobile solution that allows small businesses to accept multiple forms of payments using a free mobile app and a fully-encrypted thumb-sized card reader. PayPal Here enables anyone with an iPhone or Android smartphone to accept credit and debit cards and PayPal payments on-the-go, while being paid instantly into their PayPal account.

(Photo: )

For more than 13 years, PayPal has enabled millions of small businesses and entrepreneurs in 30 markets in Asia Pacific to grow by helping them to be paid more quickly and more securely across multiple sales channels — online, mobile and now offline with PayPal Here. Small businesses form the economic backbone of the Asia Pacific market with over 150 million small-and-medium sized businesses (Note 1) (SMBs) accounting for over 90% of all businesses (Note 2) and nearly 70% of employment (Note 3) across the region.

“PayPal is transforming the US$1.3 trillion SMB retail market (Note 4) across the Asia Pacific region by enabling millions of small businesses to accept card and PayPal payments on a smartphone anytime, anywhere to grow their sales. We’re delighted to be the first in Asia Pacific to offer this innovative mobile solution with the widest choice of payment options to support the growth of small businesses in the region,” said Rupert Keeley, senior vice president, PayPal Asia Pacific.

No matter how consumers choose to pay, PayPal Here makes it easy, so small businesses do not have to worry about missing a sales opportunity ever again. Merchants no longer have to go through an often very challenging and time-consuming process to get a merchant account to collect card payments. Instead, they can open a PayPal account, download the PayPal Here merchant app on a smartphone and order the PayPal Here card reader to start accepting payments faster than ever before.

Merchants can accept payments by swiping cards in the card reader, scanning cards using their phone cameras, manually entering card information into the app, and of course, receive PayPal payments. They can also send an invoice and set payment terms directly from the app. The card reader encrypts card information as it swipes and is backed by PayPal’s world class security and fraud prevention capabilities, as well as 24×7 live customer support.

Mobile Technology Ushers in the New Era of the Entrepreneur

The Asia Pacific market has some of the highest smartphone adoption rates in the world, with 137 million smartphones shipped across the region in 2011 (Note 5). With a smartphone and PayPal Here, it has never been easier to start up a business today and easily accept multiple forms of payments.

Keeley added, “PayPal is going to change the way millions of merchants and consumers connect with each other in the Asia Pacific region. With PayPal Here, smartphones will become the new retail points of presence for small and micro-businesses across the region. We’re excited to empower any Asian to be an entrepreneur — the possibilities are limitless with a smartphone and PayPal Here.”

PayPal also released the latest version of its PayPal Mobile app for iPhone today, a consumer app that complements PayPal Here. PayPal users will be able to use the “Local” feature on the PayPal app to find nearby businesses that accept PayPal Here. Once that customer is ready to pay, she can notify the merchant by a quick tap on her mobile phone. Merchants can use PayPal Here to accept the payment by simply referencing the shopper’s name and picture — no wallet needed.

Availability and Pricing

The PayPal Here card reader and merchant app for iPhone are both available today exclusively for select merchants in Australia and Hong Kong with more Asian markets in the near future. It will be generally available in multiple Asian markets soon. The Android version of the PayPal Here merchant app will be available at that time. For more info or sign up to receive the free mobile app and pre-order the free card reader, Australian businesses can go to and Hong Kong businesses can go to

There are no account setup or monthly fees for PayPal Here and the card reader is free for the first six months. Merchant rates are competitively priced for card swipes and PayPal payments at 2.4% + AUD0.30 (Note 6) in Australia and 3.9% + HKD2.35 (Note 7) in Hong Kong.

The updated PayPal app for iPhone is available in the Apple Store globally starting today.

About PayPal

PayPal is the faster, safer way to pay and get paid online. The service allows people to send payments without sharing financial information, with the flexibility to pay using their account balances, bank accounts (where available), credit and debit cards in various markets. PayPal is an eBay (Nasdaq:EBAY) company and enables global e-commerce with over 106 million active accounts in 190 markets and 25 currencies around the world. PayPal is headquartered in San Jose, California and its international headquarters is located in Singapore. More information about the company can be found at

PayPal Here: Summary of Benefits and Features for Small Businesses in Asia Pacific

— The most payment types: swipe credit and debit cards,
manually key in or scan card information, invoice
directly from the app, and accept PayPal.
— Simpler, faster card acceptance: download the PayPal
Here merchant app,order a card reader and start
accepting credit and debit cards and PayPal payments
faster than ever before
— Be paid instantly: merchants receive the funds directly
into their PayPal account whether the sale is completed
by card swipe, key in or scan, and of course, via PayPal
— Security: PayPal Here uses end-to-end encryption to
help protect card information as it swipes, backed by
PayPal’s world-class security, risk and fraud management
— 24×7 customer support: live phone and online customer
support — more than 6,000 customer service agents
across 17 centers around the world
— One simple flat fee: the mobile app is free for both
merchants and consumers, the card reader is free until
October 31, 2012, no account setup or monthly fees,
competitively priced at 2.4% + AUD0.30 in Australia and
3.9% + HKD2.35 in Hong Kong per card swipes and PayPal
— Backed by PayPal: The world’s most trusted way to pay
and get paid with more than 106 million active accounts
worldwide in 190 markets and supports payments in 25
currencies, with the ability to bring PayPal Here across
the Asia Pacific region.


1. Source: Government statistics from Japan, South Korea,
China, Hong Kong,Singapore, Malaysia, Thailand,
Philippines, Indonesia, Vietnam, India, Australia,
New Zealand
2. Source: Asia Pacific Economic Cooperation Forum
3. Source: Asia Pacific Economic Cooperation Forum
4. Source: Economic Intelligence Unit, Forrester: Asia
Pacific, US and EU Retail Forecast 2010
5. Source: IDC
6. Fees are subject to change. Other fees may apply.
7. Fees are subject to change. Other fees may apply.


Written by asiafreshnews

March 20, 2012 at 11:41 am

Posted in Uncategorized