Asia Fresh News

Asia Fresh Stories

Archive for April 3rd, 2012

New TCO Certified Criteria for IT Products Offer Computer Industry a Third Party Verification of Socially Responsible Production Conditions

leave a comment »

STOCKHOLM, April 2, 2012 /PRNewswire-Asia/ — TCO Certified, the international third party sustainability certification for IT products, now requires independent verification of ethical working conditions among electronics manufacturers applying for product certification. In light of recent reports of deficient working conditions at electronics manufacturing plants, the launch of new tightened social responsibility requirements offers the industry an effective and credible way to improve and verify their progress towards more ethical production practices.

Niclas Rydell, Manager for Certification and Development at TCO Development, believes now could be a turning point for the industry as a whole: “From TCO Development’s perspective, we know that professional IT buyers are placing greater demand on their vendors to ensure that products they buy are made in an ethically responsible way. However we believe the situation is indicative of an industry-wide problem- one where there is a greater need for independent systems that can verify a company’s actions and progress towards key labor conventions established by the ILO. This is what TCO Certified is designed to do. We also welcome the important steps now being taken by FLA and Apple to move their production in a more socially responsible direction.”

Beginning immediately, all manufacturers applying for TCO Certified will be required to meet the following enhanced social responsibility criteria (along with baseline TCO Certified environmental, ergonomics and health / safety requirements):

— The eight ILO core labour standards,
— UN child convention article 32,
— The manufacturer should work according to local health- and safety regulations and follow the labour laws, including minimum wages and social security in the country of manufacture.
— The manufacturer should also allow freedom of organization in countries where no free trade unions are allowed.
— Sharpened criteria for verification as well as on-site inspections.

Here you can find the updated criteria for TCO Certified

http://www.tcodevelopment.com/pls/nvp/Document.Show?CID=4146&MID=959
http://www.tcodevelopment.com/pls/nvp/Document.Show?CID=4146&MID=954

About TCO Development and TCO Certified

TCO Development is the company behind the TCO Certified third party sustainability certification for IT products and has been an international driver in the field of Sustainable IT for 20 years. Professional IT purchasers worldwide choose TCO Certified products as part of their sustainable IT strategy. Products achieving TCO Certified meet a broad series of criteria to ensure that manufacturing, use and recycling is carried out with consideration for environmental, social and economic responsibility. Product categories include notebooks, desktops, All-in-One PCs, tablets, projectors, computer displays and phone headsets. TCO Development is headquartered in Stockholm, Sweden, with regional presence in North America and Asia. More information at http://www.tcodevelopment.de, http://www.tcodevelopment.com, http://www.tcodevelopment.se

For more information, please contact:

Europe – Anna Pramborg, Corporate Communications, +46-8-782-9346 or mobile +46-70667-6404 Anna.pramborg@tcodevelopment.com

Americas – Clare Hobby, +1-310-801-8769 Clare.hobby@tcodevelopment.com

SOURCE﹛TCO Development

Written by asiafreshnews

April 3, 2012 at 2:39 pm

Posted in Uncategorized

New TCO Certified Criteria for IT Products Offer Computer Industry a Third Party Verification of Socially Responsible Production Conditions

leave a comment »

STOCKHOLM, April 2, 2012 /PRNewswire-Asia/ — TCO Certified, the international third party sustainability certification for IT products, now requires independent verification of ethical working conditions among electronics manufacturers applying for product certification. In light of recent reports of deficient working conditions at electronics manufacturing plants, the launch of new tightened social responsibility requirements offers the industry an effective and credible way to improve and verify their progress towards more ethical production practices.

Niclas Rydell, Manager for Certification and Development at TCO Development, believes now could be a turning point for the industry as a whole: “From TCO Development’s perspective, we know that professional IT buyers are placing greater demand on their vendors to ensure that products they buy are made in an ethically responsible way. However we believe the situation is indicative of an industry-wide problem- one where there is a greater need for independent systems that can verify a company’s actions and progress towards key labor conventions established by the ILO. This is what TCO Certified is designed to do. We also welcome the important steps now being taken by FLA and Apple to move their production in a more socially responsible direction.”

Beginning immediately, all manufacturers applying for TCO Certified will be required to meet the following enhanced social responsibility criteria (along with baseline TCO Certified environmental, ergonomics and health / safety requirements):

— The eight ILO core labour standards,
— UN child convention article 32,
— The manufacturer should work according to local health- and safety regulations and follow the labour laws, including minimum wages and social security in the country of manufacture.
— The manufacturer should also allow freedom of organization in countries where no free trade unions are allowed.
— Sharpened criteria for verification as well as on-site inspections.

Here you can find the updated criteria for TCO Certified

http://www.tcodevelopment.com/pls/nvp/Document.Show?CID=4146&MID=959
http://www.tcodevelopment.com/pls/nvp/Document.Show?CID=4146&MID=954

About TCO Development and TCO Certified

TCO Development is the company behind the TCO Certified third party sustainability certification for IT products and has been an international driver in the field of Sustainable IT for 20 years. Professional IT purchasers worldwide choose TCO Certified products as part of their sustainable IT strategy. Products achieving TCO Certified meet a broad series of criteria to ensure that manufacturing, use and recycling is carried out with consideration for environmental, social and economic responsibility. Product categories include notebooks, desktops, All-in-One PCs, tablets, projectors, computer displays and phone headsets. TCO Development is headquartered in Stockholm, Sweden, with regional presence in North America and Asia. More information at http://www.tcodevelopment.de, http://www.tcodevelopment.com, http://www.tcodevelopment.se

For more information, please contact:

Europe – Anna Pramborg, Corporate Communications, +46-8-782-9346 or mobile +46-70667-6404 Anna.pramborg@tcodevelopment.com

Americas – Clare Hobby, +1-310-801-8769 Clare.hobby@tcodevelopment.com

SOURCE﹛TCO Development

Written by asiafreshnews

April 3, 2012 at 2:38 pm

Posted in Uncategorized

UL Becomes End-to-End Transaction Security Provider with Acquisition of Collis

leave a comment »

Leading secure transaction technology provider fulfills UL’s comprehensive service line for card and mobile payment industry

NORTHBROOK, Ill. and LEIDEN, Netherlands, April 2, 2012 /PRNewswire-Asia/ — UL, a world leader in advancing safety, announced today the acquisition of Collis, a leading global provider of secure transaction technology and advisory services based in Leiden, Netherlands. The addition positions UL as the world’s first global provider of end-to-end transaction security, interoperability and conformance evaluation and advisory services for the mobile, payment card, eTicketing and ID management sectors.

Collis develops and tests secure transaction technology for banks, governments, mobile network operators and public transport companies. Its solutions include advisory services, test tools and expert training associated with smart card technology, mobile payments, NFC/TSM, security and risk, transactions, cards, devices and central host systems.

“Clients in the world of secure transactions need a well-known, global trusted brand for all of their independent advisory services, test tools and certification services,” said Dirk Jan van den Heuvel, chief executive officer of Collis. “Helping UL respond to this need is a tremendous opportunity for our customers and our people alike.”

Collis marks the third acquisition for UL’s fast growing transaction security service line, following the additions of RFI Global in June 2010 and Witham Laboratories in January 2012. The growth in expertise, global footprint and capabilities fully extends UL into a worldwide mobile payments industry that is expected to grow 43 percent annually to $984 billion by 2014.[1]

“Adding Collis’ talented team and state-of-the-art technology completes a world-class platform for transaction security evaluation and advisory services,” said Sajeev Jesudas, president of UL Verification Services. “Not only does this acquisition fill out our comprehensive line of security evaluation services, but it equips us to advance safety science with the rapid pace of transaction innovation for years to come.”

Collis will join the UL Verification Services business unit, which provides testing, inspection, audit and advisory services for a multitude of product categories and market segments, including the electrical, electronic, transaction security, wireless, high-tech, softline and hardline industries.

About Collis Holding B.V.
Collis is a market leader in secure transaction technology. Collis has a strong global team dedicated to delivering innovative solutions to the finance, government, telecom and transport sectors for over a decade. Collis is an official Visa Chip Migration Partner, MasterCard Accredited Consult & Training Vendor, GlobalPlatform, MobeyForum, Smart Card Alliance, ACT Canada, Swift, ISO (Cards, Road Pricing and Automated Fare Collection), 3GPP, GCF and European Brussels Interoperability Group.

Established in 1997, Collis enjoys official recognition of payment associations (Visa, MasterCard, JCB, American Express and others as well as EMVCo) and is an ISO 9001 certified company. This status confirms that Collis customers can always rely on a high quality of standards and services. For more information, visit http://www.Collis.nl.

About UL
UL is a premier global independent safety science company with more than 117 years of history. Employing more than 9,000 professionals in over 100 countries, UL has five distinct business units — Product Safety, Environment, Life & Health, Knowledge Services and Verification Services 每 to meet the expanding needs of our customers and to deliver on our public safety mission. Additional information about UL may be found at UL.com( http://www.ul.com ).

[1] Yankee Group, “A View from the Trenches: What Consumers Think of Mobile Transactions”, Feb. 2011

SOURCE﹛UL

Written by asiafreshnews

April 3, 2012 at 2:19 pm

Posted in Uncategorized

UL Becomes End-to-End Transaction Security Provider with Acquisition of Collis

leave a comment »

Leading secure transaction technology provider fulfills UL’s comprehensive service line for card and mobile payment industry

NORTHBROOK, Ill. and LEIDEN, Netherlands, April 2, 2012 /PRNewswire-Asia/ — UL, a world leader in advancing safety, announced today the acquisition of Collis, a leading global provider of secure transaction technology and advisory services based in Leiden, Netherlands. The addition positions UL as the world’s first global provider of end-to-end transaction security, interoperability and conformance evaluation and advisory services for the mobile, payment card, eTicketing and ID management sectors.

Collis develops and tests secure transaction technology for banks, governments, mobile network operators and public transport companies. Its solutions include advisory services, test tools and expert training associated with smart card technology, mobile payments, NFC/TSM, security and risk, transactions, cards, devices and central host systems.

“Clients in the world of secure transactions need a well-known, global trusted brand for all of their independent advisory services, test tools and certification services,” said Dirk Jan van den Heuvel, chief executive officer of Collis. “Helping UL respond to this need is a tremendous opportunity for our customers and our people alike.”

Collis marks the third acquisition for UL’s fast growing transaction security service line, following the additions of RFI Global in June 2010 and Witham Laboratories in January 2012. The growth in expertise, global footprint and capabilities fully extends UL into a worldwide mobile payments industry that is expected to grow 43 percent annually to $984 billion by 2014.[1]

“Adding Collis’ talented team and state-of-the-art technology completes a world-class platform for transaction security evaluation and advisory services,” said Sajeev Jesudas, president of UL Verification Services. “Not only does this acquisition fill out our comprehensive line of security evaluation services, but it equips us to advance safety science with the rapid pace of transaction innovation for years to come.”

Collis will join the UL Verification Services business unit, which provides testing, inspection, audit and advisory services for a multitude of product categories and market segments, including the electrical, electronic, transaction security, wireless, high-tech, softline and hardline industries.

About Collis Holding B.V.
Collis is a market leader in secure transaction technology. Collis has a strong global team dedicated to delivering innovative solutions to the finance, government, telecom and transport sectors for over a decade. Collis is an official Visa Chip Migration Partner, MasterCard Accredited Consult & Training Vendor, GlobalPlatform, MobeyForum, Smart Card Alliance, ACT Canada, Swift, ISO (Cards, Road Pricing and Automated Fare Collection), 3GPP, GCF and European Brussels Interoperability Group.

Established in 1997, Collis enjoys official recognition of payment associations (Visa, MasterCard, JCB, American Express and others as well as EMVCo) and is an ISO 9001 certified company. This status confirms that Collis customers can always rely on a high quality of standards and services. For more information, visit http://www.Collis.nl.

About UL
UL is a premier global independent safety science company with more than 117 years of history. Employing more than 9,000 professionals in over 100 countries, UL has five distinct business units — Product Safety, Environment, Life & Health, Knowledge Services and Verification Services 每 to meet the expanding needs of our customers and to deliver on our public safety mission. Additional information about UL may be found at UL.com( http://www.ul.com ).

[1] Yankee Group, “A View from the Trenches: What Consumers Think of Mobile Transactions”, Feb. 2011

SOURCE﹛UL

Written by asiafreshnews

April 3, 2012 at 2:18 pm

Posted in Uncategorized

4th Annual Asia Pacific AML/CTF Conference Kicks Off with More than 200 International Delegates and the Support of the Region’s Foremost Anti-Money Laundering and Financial Crime Experts

leave a comment »

BALI, Indonesia, April 2, 2012 /PRNewswire-Asia/ — The world’s leading anti-money laundering association, ACAMS, hosted Asia Pacific’s key AML leaders and experts during its Annual conference at the Nikko Bali in Indonesia. Over 200 delegates from both the government and private sectors gathered to discuss the most recent regulatory changes as well as solutions and strategies in addressing the region’s toughest financial crime prevention challenges.

“This year we received invaluable support from Bank Indonesia, FKDKP, and PERBANAS, a clear reflection of the Indonesian government’s continued commitment to the importance of practical ALM education and training,” said Hue Dang, CAMS, ACAMS Head of Asia.

“Both Director, Directorate of Banking Research and Regulation, Dr. Wimboh Santoso of Bank Indonesia, and Head of PPATK Muhammad Yusuf opened with keynote addresses reiterating the importance of global cooperation in the fight against financial crimes, and in-line with a changing regulatory environment throughout the region, we decided to kick off the 2012 conference with the Critical Update on Asia Pacific AML Regulatory Changes session,a comprehensive discussion where expert panelists from Thailand, Indonesia, and Hong Kong covered topics such as Hong Kong and Indonesia’s new AML laws, and the new revised FATF recommendations,” continued Dang.

Other notable conference highlights include the Identifying Emerging Financial Crime Schemes to Mitigate Risk session which touched on the region’s most prolific challenges in human trafficking and smuggling as well as the threat posed by cybercrimes and electronic mule operations, and the Optimizing Internal Controls to Combat New Tax Evasion Methods session which offered attendees a deep dive into the Foreign Account Tax Compliance Act (FATCA).

“2012 has been earmarked as the year for regulatory change in the Asia Pacific region and as the leading anti-money laundering certification authority, our goal is to continue to offer our attendees with in-depth training and information that is practical and immediately applicable to their everyday financial crime prevention efforts,” concluded Dang.

About ACAMS
Founded in 2001, the Association of Certified Anti-Money Laundering Specialists(R) (ACAMS(R)) is an international membership and certification organization dedicated to enhancing the knowledge and skills of anti-money laundering professionals around the globe. Representing 12,000 members from the private and public sectors in more than 160 countries, ACAMS is proud to be the worldwide leader in AML/CTF training, education and networking. Visit http://www.ACAMS.org for more information.

SOURCE﹛Association of Certified Anti-Money Laundering Specialists

Written by asiafreshnews

April 3, 2012 at 2:02 pm

Posted in Uncategorized

Tiger Woods to Match Every Dollar Raised in Grassroots Facebook Fundraising Campaign

leave a comment »

Woods personally inviting the most active fundraiser to meet him at the AT&T National in Washington, D.C., play in the Pro-Am and receive an exclusive putting lesson

IRVINE, Calif., April 2, 2012 /PRNewswire-Asia/ — Visit Facebook and join Tiger Woods and his army of fans as they raise money for 10 underserved students to attend college. On Monday, April 2, Tiger and his Foundation officially launched a unique fundraising campaign where fans can send 10 deserving students to college through the Earl Woods Scholarship Program. Created in 2006, the program includes tuition, financial assistance, admissions counseling, dedicated mentors, specialized internships and workshops for scholars accepted into the program.

To view the multimedia assets associated with this release, please click: http://www.multivu.com/mnr/55493-tiger-woods-foundation-facebook-fundraiser-campaign-earl-woods-scholarship

(Photo: http://photos.prnewswire.com/prnh/20120402/MM79855 )

“Something a lot of people don’t realize is how big of an impact the first college graduate has on their entire family,” Woods said. “Once this cycle is broken, it’s broken. Younger siblings, children and grandchildren all benefit from the first child to make it through. This kind of change can have a profound impact on our global community. I’m lucky enough to be part of an incredible network of fans and supporters who have the ability to make a difference, and there are so many people who want to help.”

The fundraising campaign will be conducted on Tiger’s personal Facebook page( http://www.facebook.com/Tiger ) via the streamlined FundRazr application. Participants from around the world can contribute as little as $1 to the scholarship program. Every dollar raised will be personally matched by Woods with all proceeds going directly to the Earl Woods Scholars. The six-week campaign, beginning today, will conclude on May 14, 2012.

“There is an entire generation of young people who see education as their way out of poverty and struggle,” Woods said. “These are extremely talented kids, but they can’t afford college. The most important thing about this campaign is that a small amount can make a big difference. If enough fans each contribute just a few dollars, the impact is felt for generations. It’s so much bigger than 10 scholars.”

Woods is personally inviting the most active fundraiser to attend the AT&T National in Washington, D.C., this summer to play in the Pro-Am on Wednesday, June 27 at Congressional Country Club. They will also have the opportunity to participate in a private putting lesson with Woods. This invite includes complimentary airfare and accommodations.

The Earl Woods Scholarship Program began as a way to celebrate the life of Earl Woods and his dedication to helping young people achieve their dreams. Starting with five scholarship recipients in Orange County, the Foundation has now expanded the program to include 60 scholars from around the world.

http://www.tigerwoodsfoundation.org

SOURCE﹛Tiger Woods Foundation

Written by asiafreshnews

April 3, 2012 at 1:54 pm

Posted in Uncategorized

Coty Inc. Creates New Geneva Flagship Offices to Support Global Headquarters Collaboration and Growth

leave a comment »

GENEVA, April 2, 2012 /PRNewswire-Asia/ — Coty Inc.( http://www.coty.com ), a leading global beauty company, today announced the opening of a new corporate facility near Geneva, Switzerland. The flagship offices, located in Versoix (Canton Geneva), will complement Coty headquarters activities in New York, US, and Paris, France.

(Photo: http://photos.prnewswire.com/prnh/20120402/NY78462 )

With a goal of further developing cross-divisional and joint headquarters collaboration among Coty professionals, the Geneva office forms a third component in Coty’s corporate headquarters structure. It includes a state-of-the-art Research and Development group linked to a Fragrance Center of Excellence, global and regional commercial teams for Coty Beauty and Coty Prestige divisions, procurement and supply chain operations, and a regional Northern European finance center.

“Creating a third headquarters in Geneva shows Coty’s commitment to being a truly global emerging leader in beauty,” said Bernd Beetz, Chief Executive Officer of Coty. “Our talented people take collaboration seriously, whether working across divisions or borders.”

The new center in Versoix will take a lead in developing stronger relationships with its most important fragrance suppliers. It will also support Coty marketing and new product development teams in London, New York, and Paris, in addition to supporting manufacturing centers in Monaco, Spain, and the United States.

“Geneva has become a highly important location to enhance Coty’s corporate activities as we realize our vision for the future,” said Peter Shaefer, Coty’s Senior Vice President of Strategic Business Development, who also will serve as President of the Board of Directors for Coty Switzerland.

The new office brings to three the number of Coty’s principal corporate locations globally, after Paris and New York. In Versoix the offices occupy a full floor of 3,220 square meters in a classic former paper factory on chemin de la Papeterie. It is initially expected to welcome almost 150 employees.

“I am pleased to be able to bring together our scientific teams into one dynamic state-of-the art laboratory to promote knowledge sharing and research that will fuel Coty’s innovation,” said Ralph Macchio, Coty’s Senior Vice President and Chief Scientific Officer. “Being close to our valued partners is an additional benefit Geneva offers.”

Coty’s recent history in Geneva dates back to its acquisition of UCI in 2005, which gave it a strong presence in the prestige fragrance market. Since the purchase, Coty has turned Calvin Klein and Chloe into fragrances that lead in market share growth.

Geneva will continue to host Coty’s worldwide travel retail business and the European oversight of various commercial activities. Additional functions at the new office will also include internal corporate activities to support the company’s two principal operating divisions, Coty Beauty and Coty Prestige. Coty’s decision to invest further in Geneva was also guided by its international location, qualified workforce and a goal to balance business travel required of its professionals.

About Coty Inc.

Coty was created in Paris in 1904 by Francois Coty, who is credited with founding the modern fragrance industry.

Today Coty Inc. is a recognized leader in global beauty with annual net sales of $4.1 billion. Driven by an entrepreneurial spirit, passion, innovation and creativity, Coty Inc. has developed an unrivaled portfolio of notable brands and delivers its innovative products to consumers in 135 markets worldwide.

The Coty Prestige brand portfolio is distributed in prestige and ultra-prestige stores and includes Balenciaga, Bottega Veneta, Calvin Klein, Cerruti, Chloe, Chopard, Davidoff, Jennifer Lopez, Jil Sander, JOOP!, Karl Lagerfeld, Kenneth Cole, Gwen Stefani, Lancaster, Marc Jacobs, Nikos, philosophy, Roberto Cavalli, Sarah Jessica Parker, Truth or Dare by Madonna, Vera Wang, Vivienne Westwood and Wolfgang Joop.

The Coty Beauty brand portfolio is more widely distributed and includes adidas, ASTOR, Baby Phat, Beyonce Knowles, Celine Dion, Chupa Chups, David and Victoria Beckham, Elite Models, Esprit, Exclamation, Faith Hill, GUESS?, Halle Berry, Heidi Klum, Jovan, Kate Moss, Kylie Minogue, Lady Gaga, Manhattan, Manhattan Clearface, Miss Sporty, Nautica, N.Y.C. New York Color, Nicole by OPI, OPI, Pierre Cardin(1), Playboy, Rimmel, Sally Hansen, Stetson, Tim McGraw, TJoy and Tonino Lamborghini.

Coty and Puig S.L. have a strategic partnership for the distribution of the perfume lines of Antonio Banderas, Carolina Herrera, Nina Ricci, Paco Rabanne, Prada, Shakira and Valentino in the United States and Canada.

For additional information about Coty Inc., please visit http://www.coty.com.

(1) Not available in North America

SOURCE﹛Coty, Inc.

Written by asiafreshnews

April 3, 2012 at 1:43 pm

Posted in Uncategorized

CoreNet Global Outlines its Goals and Priorities for India in 2012

leave a comment »

The association announces a new strategic direction and leadership team for the region.

MUMBAI, India, April 2, 2012 /PRNewswire-Asia/ — As part of its ambition to strengthen and reinforce its standing in the local corporate real estate (CRE) community, professional association CoreNet Global today announced a new strategic direction and leadership team for India, whilst outlining its future goals and priorities for the region in the next twelve months.

According to CoreNet Global’s Chapter Chair Mr. Pratap Mane, the main goal of the association in the coming year is to significantly expand its presence in India by aggressively growing its local membership which consists of heads of corporate real estate departments, property developers and service providers.

With this objective in mind, Mr. Mane confirmed that a key component of the association’s strategy for 2012 is to expand geographically across the region mainly by raising its profile in the key cities of Mumbai, Bangalore and Delhi through a more structured programme of learning seminars and networking events.

This initiative will be driven by a newly elected India Chapter leadership team that under the chairmanship and guidance of Mr. Mane will include:

— Michael Holland,
Chief Executive Officer, Assetz Property Group
— George Ernest McKay,
South Asia Director, Office and Integrated Services,
Colliers International
— Shirish D. Tare,
Head of Projects, Urban Infrastructure Venture Capital
— Narayan S. Vinodh,
Vice President and Head of Facilities, Fidelity India
— Anshul Jain,
Chief Executive Officer – India, DTZ International
Property Advisors
— Anurag Mathur,
Joint Managing Director, Cushman & Wakefield (India)
— Sanjay Dutt,
Chief Executive Officer – Business,
Jones Lang LaSalle Property Consultants

In addition, CoreNet Global is soon to announce an exciting schedule of industry events for the CRE community in India which for the first half of this year will feature programmes on the evolving workplace, new global lease accounting standards and energy efficiency in corporate real estate.

Round table workshops for senior industry leaders are also being arranged to coincide with visits from global business leaders to India.

Commenting on the association’s plans for 2012, Mr. Mane expressed that in addition to the recruitment of new members, CoreNet Global intends to diversify its services by investing considerably in the introduction of new programmes and activities that add value for its existing members in India.

“Overall, CoreNet Global’s objective is to advance opportunities for all those working in the corporate real estate sector in India by providing lifelong learning, awarding professional designations, creating networking opportunities, as well as promoting the interests of the CRE industry and profession,” said Mr. Mane.

He continues, “In terms of new programmes, our existing members in India will shortly be able to benefit from a host of new initiatives that include online industry networks, opportunities for career advice and job postings, as well as regular learning events in the three main business hubs of India.”

CoreNet Global is a member-based association that represents the combined interests of the corporate real estate industry. Part of its mandate is to establish standards of best practices and create a framework of debate on related commercial real estate issues which help shape and determine the future of the CRE industry internationally.

“India is a growth region for the corporate real estate industry and naturally for CoreNet Global as well,” said Angela Cain, CEO of CoreNet Global. “We will therefore be directing new energies to our India Chapter and look forward to the work that the new leadership team and staff will bring towards making the chapter more prominent in the region.”

This latest announcement comes at a time when despite a slowdown in its gross domestic product (GDP), demand for office and retail space leasing in India remains relatively healthy across the major cities. During 2011, occupiers mostly expanded their renewed leases and consolidated office spaces, with an emphasis primarily on the secondary and suburban sub-markets of the prime cities instead of the central business districts due to the ample availability of leasable space in these areas.

However, although demand is expected to remain stable in 2012, the market will be more cautious. Indications are that office space supply is likely to outweigh demand in most prime cities. Corporate expansions are also expected to decrease due to the uncertainties in the global economic situation, which will have a considerable impact on business budgets for this year.

Editor’s Notes

CoreNet Global is the world’s leading association for corporate real estate (CRE) and workplace professionals, service providers and economic developers. Our 7,000 members, who include 70 percent of the top 100 U.S. companies and nearly half of the Global 2000, meet locally, globally and virtually to develop networks, share knowledge, learn and thrive professionally.

For more information on CoreNet Global, please visit http://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

April 3, 2012 at 10:51 am

Posted in Uncategorized