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Archive for June 22nd, 2012

Experian Appoints Managing Director for Decision Analytics in Asia Pacific

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HONG KONG, June 22, 2012 /PRNewswire-Asia/ — Experian(R), the global information services company today announced that Ben Elliott has been appointed Managing Director, Experian Decision Analytics, Asia Pacific. Prior to his appointment, Ben was the Network Director for Retail Banking at Lloyds Banking Group.

Ben will report to Ken Sansom, President, Experian Asia Pacific. In his new role, he will be responsible for the overall strategic direction of the Experian Decision Analytics business in Asia Pacific, accelerating the company’s industry leadership in data insight and analytics.

Ben brings with him over 20 years of significant management experience in retail banking, wealth management, private banking and financial planning.

Prior to joining Experian, Ben held senior positions at Westpac and Lloyds Banking Group, managing over 1,400 retail branches. He has previously been recognized as one of Asia’s most promising leaders by Asian Banker magazine.

“Ben’s proven leadership skills, track record in delivery and executive management experience will further strengthen our Decision Analytics business in Asia,” said Ken Sansom, President, Experian Asia Pacific. “Ben’s appointment demonstrates our commitment to bringing top talent and expertise to Asia, helping our customers achieve even greater success.”

About Experian

Experian is the leading global information services company, providing data and analytical tools to clients around the world. The Group helps businesses to manage credit risk, prevent fraud, target marketing offers and automate decision making. Experian also helps individuals to check their credit report and credit score, and protect against identity theft.

Experian plc is listed on the London Stock Exchange (EXPN) and is a constituent of the FTSE 100 index. Total revenue for the year ended 31 March 2012 was US$4.5 billion. Experian employs approximately 17,000 people in 44 countries and has its corporate headquarters in Dublin, Ireland, with operational headquarters in Nottingham, UK; California, US; and Sao Paulo, Brazil.

For more information, visit

For more information Experian Hong Kong, visit


Margaret Lam
Experian Asia Pacific


Written by asiafreshnews

June 22, 2012 at 5:58 pm

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Company Directors in Asia Face Increased Personal Liability as Litigation Culture Emerges

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Latest Edition of Asia Directors’ Series Addresses Top Risk Factors

SINGAPORE, June 21, 2012 /PRNewswire-Asia/ — Actions against company directors and officers from employees and regulators are on the rise in Asia, putting their personal assets at risk, according to Marsh’s latest Asia Directors’ Series quarterly publication.

According to Marsh, there are two distinct liability trends that are emerging for company directors and executives across Asia. The first is the rise in corporate corruption cases being brought against executives under the U.S. Foreign Corruption Practices Act (FCPA), the U.K. Bribery Act and other local regulations. The second is the increase in employee-led litigation, as workplace laws evolve and employees become more aware of and comfortable with asserting their rights.

Alan Cheah, Managing Director and Region Head for Marsh in Asia, said: “Historically, directors have enjoyed a relatively benign litigation culture in Asia. However, a range of stakeholders — including employees, shareholders and regulators — are becoming increasingly aggressive. The personal assets of company directors and executives across Asia are now more exposed to threat from litigation than ever before.”

In the second Asia Directors’ Series issue for 2012, Marsh takes an in-depth look at:

— The implication of the FCPA and the U.K. Bribery Act for
directors and executives in Asia
— The rise of employee-led litigation and employment practices
liability across the region
— Understanding the nature and triggers of a directors’ and
officers’ liability insurance claim

To download the latest Marsh’s Asia Director Series, please click here( ).

About Marsh

Marsh( ), a global leader in insurance broking and risk management, teams with its clients to define, design, and deliver innovative industry-specific solutions that help them protect their future and thrive. It has approximately 26,000 colleagues who collaborate to provide advice and transactional capabilities to clients in over 100 countries. Marsh is a wholly owned subsidiary of Marsh & McLennan Companies( ) (NYSE: MMC), a global team of professional services companies offering clients advice and solutions in the areas of risk, strategy and human capital. With 53,000 employees worldwide and annual revenue exceeding US$11 billion, Marsh & McLennan Companies is also the parent company of Guy Carpenter( ), a global leader in providing risk and reinsurance intermediary services; Mercer( ), a global leader in human resource consulting and related services; and Oliver Wyman( ), a global leader in management consulting. Follow Marsh on Twitter @Marsh_Inc( ).


Written by asiafreshnews

June 22, 2012 at 4:19 pm

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Second Independent Proxy Advisory Firm Recommends AGAINST Dissident LeaLea Group in CPDC Proxy Contest

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TAIPEI, June 21, 2012 /PRNewswire-Asia/ — China Petrochemical Development Corp. (TT:1314) announced today that a second independent proxy advisory firm – Glass, Lewis & Co. (“Glass Lewis”) – joined its voice to that of Institutional Shareholder Services (“ISS”) in recommending shareholders to vote AGAINST dissident LeaLea Group at CPDC’s upcoming on June 27th AGM.

Citing the “troubling” earnings of LeaLea’s own company and its stock price underperformance relative to CPDC’s, Glass Lewis stated, “LeaLea Group’s stock has generated returns of -30.87% and 136.3% over the past one and three year periods. By comparison, CPDC’s shareholders have realized stock price returns of -21.9% and 159.0% over identical periods. In our opinion, this calls into question the Dissident’s ability to create incremental value for CPDC’s shareholders.”

Glass Lewis also weighed in on LeaLea’s criticisms of CPDC’s China Investment plan, stating, “Here, we believe that the Dissident’s contest falls short of convincing CPDC shareholder’s to lend their support. In our opinion, the Dissident’s contest lacks clarity of purpose and fails to provide shareholders with evidence in support of its arguments nor does it provide a clear alternative growth plan for the Company.”

In response to the Glass Lewis’ report, CPDC’s Chairman Ching-Jing Sheen stated, “We felt quite vindicated when we heard that yet another independent proxy advisory firm agrees that LeaLea’s representation on the board would not be in the best interests of our shareholders. CPDC is dedicated to creating long-term shareholder value, not lining the pockets of some at the expense of others.”

For more information, CPDC shareholders can visit ), Column for Foreign Investors( ) under Investor Relations section, or contact CPDC directly:

Ching Shian Yang
Sr. Vice President
Tel: +886-2-8787-8460

Gary Liu
Sr. Vice President
Tel: +886-2-8787-8503

For assistance with proxy voting issues, foreign shareholders can contact CPDC’s proxy solicitor Alliance Advisors:

Ted Wallace, Esq.
Tel: +1-973-873-7717

SOURCE﹛China Petrochemical Development Corporation

Written by asiafreshnews

June 22, 2012 at 3:23 pm

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Code REDD Campaign to Save World’s Threatened Forests Illuminates Rio+20

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Thousands Gather for Iconic Architectural Projection Supporting REDD+

Corporate Champions Pledge to Buy Millions of Dollars Worth of REDD+ Emissions Reductions from Innovative Forest Protection Projects around the World.

RIO DE JANEIRO, June 20, 2012 /PRNewswire-Asia/ — Thousands of people from around the globe gathered at Arcos da Lapa last night to support the launch of Code REDD, an emergency action campaign to save the threatened forests of the world.


The celebration of the Code REDD Campaign( ) launch got under way as the historic Arcos da Lapa aqueduct in the heart of Rio was transformed by Obscura Digital with an architectural projection experience of visuals and sound followed by the premier of a Code REDD film that demonstrated Code REDD’s solution to stop deforestation now.

The event was designed to enlist widespread grassroots support for the Campaign. The film asked the crowd to demonstrate support by going online to ) to make their phones flash red with a digital “emergency code.” The experience drew a parallel between the digital transformation of Arcos da Lapa and the way Code REDD aims to transform how corporations, landowners, governments and the general public unite to save the threatened forests of the world.

“Deforestation is an economic problem,” stated Karin Burns, Executive Director of the Code REDD Campaign. “REDD+ is a viable economic solution that can scale to meet the massive scope of this challenge.”

Earlier that day, on the eve of the United Nations Conference on Sustainable Development, Rio+20, Burns and Mike Korchinsky, Founder of Code REDD, hosted a press conference at the Royal Tulip Hotel in Rio de Janeiro. UNESCO, major multinational corporations, REDD+ project developers, and representatives of indigenous forest communities came together to announce their participation in the global launch of the Code REDD Campaign.

At the press conference, Gretchen Kalonji, UNESCO’s Assistant Director General for Natural Sciences stressed the urgency of action against deforestation worldwide and the importance of public-private partnerships, such as the CODE-REDD Campaign. UNESCO’s network of Biosphere Reserves provides a platform for collaboration and exchange among local communities on novel models for climate change mitigation, protection of bio-cultural diversity and local economic development.

Other stakeholders from Corporate Champions to community leaders expressed support for the Code REDD Campaign and REDD+ as well:

“If the forest is gone, it is gone forever. So immediate action like the Code REDD campaign is crucial and Allianz is glad to be part of it,” said Martin Ewald, Investment Manager at Allianz Climate Solutions.

“REDD has really worked in our community of 150,000 people,” said Chief Pascal Kizaka, of Kasigau, Voi District, Kenya. “The project has greatly improved the standard of living through the funding of water projects, school bursaries and education, and job creation. There is more food, better hygiene and clothing and better access to medical care.”

“We assess all our projects on normal commercial project finance terms and they stack up, for the Bank, the communities, the trees and the animals. Simply, REDD+ is the right thing to do,” said Kevin Whitfield, Head of Carbon Finance at Nedbank Capital.

The Code REDD Campaign launched with the commitment of five corporate champions including multinational financial services provider Allianz SE, global luxury sport & lifestyle premium brands giant PPR, Dutch sustainable energy utility Eneco, German renewable energy provider Entega, and the leading South African bank, Nedbank.

Entega pledged to support ERA’s REDD+ project in the Democratic Republic of Congo, PPR has pledged to Wildlife Works’ Kenya project, and Eneco made a pledge to the Surui Project in Brazil. Each of these projects are being implemented by Code REDD’s global group of REDD+ Project Developers, including BioCarbon Pty Ltd. (Ecuador), ERA (Congo), Forest Carbon Offsets (Belize), The Surui Project (Brazil), Wildlife Alliance (Cambodia), Wildlife Conservation Society (Madagascar), and Wildlife Works (Kenya). The collective goal is to make forests more valuable alive than dead.

“It is inspiring to see these Code REDD Corporate Champions, NGOs and indigenous communities showing innovation and leadership to change the course of history,” said Korchinsky, Founder of the Code REDD Campaign and CEO of Wildlife Works.

About Code REDD
Code REDD is an emergency action campaign designed to motivate corporate leaders to save the threatened forests of the world, by dramatically increasing the demand for REDD+ (Reducing Emissions from Deforestation and Forest Degradation) emission reductions. The Code REDD Campaign was founded by Wildlife Works, a leading REDD+ project development and management company, but is an open initiative that brings together corporate emissions reductions buyers, REDD+ project developers, indigenous forest owners, forest nation governments, NGOs, verification organizations, standards bodies, market platforms and other concerned entities to develop and finance high quality REDD+ projects.

Code REDD provides a solution to two of the most pressing issues of our time:

1. How to stop the deforestation that is stripping the planet of its biodiversity, impoverishing forest communities and releasing massive amounts of pollution that are changing our climate forever.

2. How to allow the marketplace to continue to provide energy goods and services to our growing global population without accelerating the negative impacts on our climate.

Code REDD enables corporations to reduce their effective carbon footprint by buying Verified Emissions Reductions from high quality REDD projects that stop deforestation, protect biodiversity, and create unprecedented sustainable development for forest communities. For more information, please visit:

Code REDD Campaign Launch Video:


Written by asiafreshnews

June 22, 2012 at 2:50 pm

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TripAdvisor Launches “Local Picks” Facebook App Highlighting Best Restaurants According to Locals and Friends

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Interactive App Combines Local Diner Ratings with Facebook’s Social Graph to Create the Ultimate Foodie Resource

SINGAPORE, June 21, 2012 /PRNewswire-Asia/ — TripAdvisor( )(TM), the world’s largest travel site*, today launched Local Picks, a Facebook app that provides dining recommendations from locals and friends to discover and choose the best places to eat.

(Logo: )

Covering more than 850,000 restaurants worldwide, Local Picks draws from millions of diners’ reviews and opinions collected on TripAdvisor, highlighting contributions from locals and friends. Each restaurant has a detailed profile that includes a score from 1 – 5 on the Local Picks Index, a rating system that aims to bring neighbourhood favourites and “hidden gem” eateries to the forefront, as deemed by real locals who know the area best.

Built on Facebook, Local Picks allows users to easily express opinions and get restaurants’ advice from people they know and trust. The app is integrated with Facebook’s timeline so diners can share ratings, favourites and themed lists, with friends.

Serving as a comprehensive resource for foodies, Local Picks also displays essential information including a restaurant’s address, neighbourhood, type of cuisine, phone number, website address, hours of operation, menus and colourful photos.

“TripAdvisor is committed to improving the social travel planning experience and, whether you’re looking for a restaurant in a foreign city or in your own backyard, Local Picks is an excellent resource for the inside scoop,” says Adam Medros, vice president of global product for TripAdvisor. “The app leverages the Facebook Platform to uniquely combine friend advice with local insight, highlighting dining options from those who know the user and the area best.”

Local Picks Features:

— “Foodies” Feed The “Foodies” newsfeed keeps users informed of their Facebook friends’ recommendations and real-time activity: where they’ve checked in and what restaurants they’ve recently rated. Diners can also follow other foodies outside of their immediate Facebook network (well-known chefs, for example), which can serve as a regular source of dining inspiration.

— Local Picks Index The Local Picks Index ranks top restaurants worldwide with an emphasis on the reviews and opinions of locals. Users can browse the “Top Picks” tab to see a list of restaurants that have ranked high on the Local Picks Index.

— Favourites and Wish Lists By clicking “want” or “fave” or adding to a custom list with the click of an icon, Local Picks users can quickly and easily keep track of restaurants they want to try and those they love.

— More Photos & Essential Information To create the most useful restaurant summary possible, Local Picks will complement content from TripAdvisor with photos and information from foursquare, Facebook Pages and menus from Single Platform.

Local Picks is now available to Facebook users in English, and will be launched in multiple languages later this year. To experience the app, please visit ).

About TripAdvisor TripAdvisor(TM) is the world’s largest travel site, enabling travelers to plan and have the perfect trip. TripAdvisor offers trusted advice from real travelers and a wide variety of travel choices and planning features with seamless links to booking tools. TripAdvisor branded sites make up the largest travel community in the world, with more than 50 million unique monthly visitors*, and over 60 million reviews and opinions. The sites operate in 30 countries worldwide, including China under ). TripAdvisor also includes TripAdvisor for Business, a dedicated division that provides the tourism industry access to millions of monthly TripAdvisor visitors.

TripAdvisor, Inc. (NASDAQ: TRIP) manages and operates websites under 19 other travel media brands, and together the sites attract more than 69 million unique monthly visitors**. TripAdvisor, Inc.’s travel media brands include,,,,,,,,,,,,,,,,,, and

*Source: comScore Media Metrix for TripAdvisor Sites, Worldwide, January 2012

**Source: comScore Media Metrix for TripAdvisor Inc. and its subsidiaries, Worldwide, January 2012

(C)2012 TripAdvisor, Inc. All rights reserved.

SOURCE TripAdvisor

Written by asiafreshnews

June 22, 2012 at 11:17 am