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Archive for August 1st, 2012

Book your dream Indian holiday safely with MakeMyTrip and PayPal

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Overseas customers can now book their flights to India in a more secure and convenient way
SINGAPORE, July 30, 2012 /PRNewswire-Asia/ — MakeMyTrip, India’s leading online travel-services provider, announced that it now offers PayPal’s faster and safer payment method for millions of customers worldwide to book their international flights to India. This tie-up allows PayPal users (registered outside of India) to pay for flight tickets purchased from the MakeMyTrip websites in India (www.makemytrip.com) and USA (www.us.makemytrip.com). MakeMyTrip’s integration of PayPal as the payment partner for its website offers customers a trusted and safe payment option and presents an opportunity to build brand recognition with over 113 million active PayPal users in 190 markets across the world.

(Photo: http://www.prnasia.com/sa/2012/07/30/20120730154504550901.html )

MakeMyTrip is offering an inaugural discount of US$20 (or equivalent INR value on the India site) per booking for international flights paid for using PayPal till August 15, 2012, the 65th anniversary of India’s Independence Day. Promotional code: PAYPAL.

As a leading online payment provider in the global market, PayPal offers overseas MakeMyTrip customers a faster and safer way to pay for their international flight bookings. With PayPal as their digital wallet, consumers are not required to enter sensitive financial information such as bank account or credit card number each time they transact online. Importantly, PayPal never shares its users’ sensitive financial information with sellers and the company has over 14 years of risk management and fraud prevention experience to ensure safer e-commerce transactions between consumers and businesses worldwide.

Manish Kalra, Marketing Head, MakeMyTrip said, “We are delighted to add PayPal as a payment option. Our customers based abroad can now use PayPal as a safe way to pay for their dream Indian holidays and enjoy a hassle-free booking experience. As we promote our brand globally, PayPal will help us to reach out to travelers across continents.”

“With over 6 million tourist arrivals into India in 2011**, India is a key travel hotspot for world travelers. By working with a leading Indian online travel provider such as MakeMyTrip, millions of PayPal account holders can now book their exotic Indian holidays and benefit from a more secure payment option,” said Mayur Patel, India Country Manager, PayPal Southeast Asia and India.

*only valid for PayPal account holders registered outside of India.
** Indian Tourism Statistics 2010, Ministry of Tourism, Government of India.

About MakeMyTrip Limited and MakeMyTrip.com

MakeMyTrip Limited is the parent company of MakeMyTrip (India) Private Limited, India’s largest online travel company, MakeMyTrip.com Inc., Luxury Tours & Travel Pte Ltd, Singapore (LTT) and Luxury Tours (Malaysia) Sdn Bhd. The Company’s services and products include air tickets, customized holiday packages, hotel bookings, railway tickets, bus tickets, car hire and facilitating access to travel insurance. Through its primary website, http://www.makemytrip.com, and other technology-enhanced platforms, the company provides access to all major domestic full-service and low-cost airlines operating in India, all major airlines operating to and from India, over 7,500 hotels in India and a wide selection of hotels outside India, Indian Railways and several major Indian bus operators.

About PayPal

PayPal is the faster, safer way to pay and get paid online. The service allows members to send payments without sharing financial information, with the flexibility to pay using their account balances (where available), bank accounts, debit cards and credit cards in various markets. PayPal is an eBay company and enables global e-commerce with more than 113 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 https://www.paypal.co.in

Media Contacts

MakeMyTrip Genesis Burson-Marsteller
Poonam Thakur Deeksha Pradhan/ Neha Singh
+91-124-4910-560 +91-989-9309-389/ +91-981-1645-152
poonam.thakur@makemytrip.com deeksha.pradhan@bm.com /neha.singh@bm.com

PayPal
Malini Mitra Vivek Padyar
PayPal Southeast Asia & India Perfect Relations
T: +65-6590-5543 M: +91-98-9230-6446; T: +91-22- 2436-7155
E: mamitra@paypal.com E: paypal@perfectrelations.com

SOURCE﹛PayPal; MakeMyTrip

Written by asiafreshnews

August 1, 2012 at 3:30 pm

Posted in Uncategorized

SunGard Identifies Ten Trends in Commodities Trading for 2012

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SINGAPORE, July 30, 2012 /PRNewswire-Asia/ — Kirk Howell, chief operating officer of SunGard’s Kiodex business unit, said, “Geopolitical events, an unclear demand and supply picture( http://capitalize-on-change.com/resources/cnbc-asia-hedging-against-oil-a-must.aspx ), and new activities by central banks — such as unconventional monetary policies like quantitative easing — are broadening the range of potential outcomes and risks for commodities transactions. The growth of electronic and algorithmic trading, intraday price volatility, and new regulations(http://www.sungard.com/%7E/media/campaigns/financialsystems/globalservices/audio/globalservices_audio_austinmorris_tenenergytrends.ashx#474E93D7-E075-4099-B5D6-C734F573C8F1 ) will require firms to change their business processes, especially for processing commodity derivatives.”
SunGard has identified ten trends shaping commodities trading:

1. The use of options will become an increasingly common way to hedge( http://www.sungard.com/campaigns/fs/capitalmarkets/kiodex/corporate-hedging-solutions.aspx ) exposure while preserving the ability to profit from price volatility.
2. Firms will recognize the importance of counterparty credit risk measurement( http://www.sungard.com/%7E/media/Campaigns/FinancialSystems/GlobalServices/PDFs/GlobalServices_Whitepaper_Trading.ashx ) in the aftermath of brokerage failures and as more volumes are cleared through exchanges.
3. Real-time risk analytics and reporting( http://www.sungard.com/financialsystems/products/kiodexrealtime.aspx ) will be required to help control market and counterparty risk effectively and better value and assess trading decisions.
4. Central clearing( http://www.sungard.com/campaigns/fs/capitalmarkets/kiodex/fcm-solutions.aspx ) will drive a need for more precise analytics for predicting capital requirements and adequacy not only on a daily basis, but in real time.
5. Electronic trading is creating near round-the-clock liquidity, access to global exchanges and an increasingly diverse product set.
6. The volume and complexity( http://blogs.sungard.com/ten/global-services/the-road-to-dodd-frank-compliance-the-data-challenges-of-sdrs ) of data, including reference and market data, are increasing, making timely data management and interpretation necessary.
7. New instruments such as ETF’s and structured products are driving a need for cross-asset class platforms( http://www.sungard.com/campaigns/fs/capitalmarkets/kiodex/risk-understood.aspx ) that can support trade capture valuation and monitoring.
8. Commodity exchanges will become increasingly consolidated and global, with mature exchanges looking to Asia for growth and Asian exchanges looking to establish themselves through acquisitions.
9. The globalization of the energy commodities markets( http://www.sungard.com/en/sitecore/content/campaigns/fs/globalservices/learnmore/resources/by-business/energy-and-utilities/trading.aspx ) and the continued deregulation of regional markets will lead firms to integrate and optimize(http://www.sungard.com/en/sitecore/content/campaigns/fs/globalservices/learnmore/videos/globalservices_video_gazprom.aspx ) the mission-critical systems that manage their energy business processes( http://www.sungard.com/financialsystems/brands/aligne.aspx ).
10. Continued development of the Liquefied Natural Gas commodity markets will increase arbitrage opportunities and attract new participants to commodities trading( http://capitalize-on-change.com/resources/capitalize-on-market-and-risk-trends-in-2012-opportunities-and-challenges.aspx ).

Patrick Reames, managing director at CommodityPoint, said, “Regulations such as Dodd-Frank in the US and EMIR in Europe are putting huge pressures on commodity trading firms to adapt both their business processes and technology environments. An increase in mergers and acquisitions among energy firms is creating more complex technical infrastructures that require a structured, enterprise-wide approach, along with advanced technology for trading, data management and analytics. This will help firms develop the modeling capabilities that they need to address the latest challenges in commodities trading.”

About SunGard

SunGard is one of the world’s leading software and technology services companies. SunGard has more than 17,000 employees and serves approximately 25,000 customers in more than 70 countries. SunGard provides software and processing solutions for financial services, education and the public sector. SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software. With annual revenue of about US$4.5 billion, SunGard is the largest privately held software and services company and is ranked 480 on the Fortune 500. For more information, please visit http://www.sungard.com.

Trademark Information: SunGard, the SunGard logo and Kiodex are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.

SOURCE﹛SunGard

Written by asiafreshnews

August 1, 2012 at 3:00 pm

Posted in Uncategorized

French Government Agrees to Fund Study of the PneumRx RePneu Lung Volume Reduction Coil

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French Government commits 1.3 Million Euros to fund cost-effectiveness study of the RePneu LVRC in 100 subjects at 10 centers throughout France

MOUNTAIN VIEW, Calif., July 31, 2012 /PRNewswire-Asia/ — PneumRx, Inc. (www.pneumrx.com), a leader in the field of interventional pulmonology, today announced that the French Ministry of Health has approved a cost-effectiveness study of the RePneu Lung Volume Reduction Coil (RePneu LVRC) in France. The Ministry of Health agreed to fund the study under the soutien aux techniques innovantes couteuses (STIC) program, which provides government funding for innovative medical technologies that have been validated by prior clinical studies, with a view toward establishing reimbursement for new devices.

(Logo: http://photos.prnewswire.com/prnh/20120514/SF06703LOGO)

The PneumRx study is one of only two STIC projects selected by the Ministry of Health for funding in 2012, and the first in the field of emphysema treatment since 2006. The French Government has committed to paying 1.3 Million Euros (US$1.6 Million) to support this PneumRx study. The protocol, entitled “Evaluation Medico-Economique de la Reduction Volumique par Voie Endobronchique au Moyen de Spirales (REVOLENS)” (Medico-Economic Evaluation of Endobronchial Volume Reduction Using Coils), was submitted by Professors Gaetan Deslee of the University Hospital of Reims and Charles-Hugo Marquette of the University Hospital of Nice and is scheduled to begin enrolling patients in France in January, 2013.

The RePneu LVRC System is a minimally invasive device intended to improve lung function in emphysema patients by bronchoscopically implanting Nitinol coils into the lungs to compress diseased tissue (lung volume reduction), restore elastic recoil, and adjust lung compliance. This treatment offers a minimally invasive alternative to lung volume reduction surgery to a broad range of emphysema patients.

The RePneu LVRC has already undergone extensive clinical studies in Europe, with impressive results in over 250 treatments. The majority of subjects who underwent RePneu LVRC treatment in PneumRx’s European clinical trials experienced significant improvement in lung function, exercise capacity and quality of life at both 6 months and one year after treatment, with minimal risk. 74% of all clinical subjects maintained a clinically significant improvement in exercise capacity at 12 months post-treatment and 96% experienced significant improvement in quality of life. The RePneu LVRC received the CE Mark in October 2010 and is commercially available in select countries in Europe. PneumRx has also received approval from the FDA to commence a 315-subject pivotal trial in the United States.

“We have seen tremendous improvement in most of the patients we have treated with the RePneu LVRC to date, and are confident that the patients we enroll in this STIC study will enjoy the same benefits, including increased exercise capacity, improved pulmonary function, and better quality of life,” said Professor Gaetan Deslee, Principal Investigator for the study. Said Professor Charles-Hugo Marquette, “The RePneu LVRC represents an important advancement in the treatment of patients with emphysema, and we are pleased that we will be able to treat additional patients under this new protocol.”

“We are thrilled that the French government has recognized the benefits of the RePneu LVRC and agreed to support this important study,” noted Erin McGurk, PneumRx’s President and CEO. “We look forward to bringing the benefits of the RePneu LVRC to growing numbers of emphysema patients in France and throughout the world.”

About PneumRx, Inc.

PneumRx, Inc. is a rapidly growing medical device company focused on the development and commercialization of innovative products to treat emphysema using minimally-invasive techniques. It is a privately held company located in Mountain View, California.

Website

http://www.pneumrx.com

SOURCE﹛PneumRx, Inc.

Written by asiafreshnews

August 1, 2012 at 2:36 pm

Posted in Uncategorized

French Government Agrees to Fund Study of the PneumRx RePneu Lung Volume Reduction Coil

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rench Government commits 1.3 Million Euros to fund cost-effectiveness study of the RePneu LVRC in 100 subjects at 10 centers throughout France

MOUNTAIN VIEW, Calif., July 31, 2012 /PRNewswire-Asia/ — PneumRx, Inc. (www.pneumrx.com), a leader in the field of interventional pulmonology, today announced that the French Ministry of Health has approved a cost-effectiveness study of the RePneu Lung Volume Reduction Coil (RePneu LVRC) in France. The Ministry of Health agreed to fund the study under the soutien aux techniques innovantes couteuses (STIC) program, which provides government funding for innovative medical technologies that have been validated by prior clinical studies, with a view toward establishing reimbursement for new devices.

(Logo: http://photos.prnewswire.com/prnh/20120514/SF06703LOGO)

The PneumRx study is one of only two STIC projects selected by the Ministry of Health for funding in 2012, and the first in the field of emphysema treatment since 2006. The French Government has committed to paying 1.3 Million Euros (US$1.6 Million) to support this PneumRx study. The protocol, entitled “Evaluation Medico-Economique de la Reduction Volumique par Voie Endobronchique au Moyen de Spirales (REVOLENS)” (Medico-Economic Evaluation of Endobronchial Volume Reduction Using Coils), was submitted by Professors Gaetan Deslee of the University Hospital of Reims and Charles-Hugo Marquette of the University Hospital of Nice and is scheduled to begin enrolling patients in France in January, 2013.

The RePneu LVRC System is a minimally invasive device intended to improve lung function in emphysema patients by bronchoscopically implanting Nitinol coils into the lungs to compress diseased tissue (lung volume reduction), restore elastic recoil, and adjust lung compliance. This treatment offers a minimally invasive alternative to lung volume reduction surgery to a broad range of emphysema patients.

The RePneu LVRC has already undergone extensive clinical studies in Europe, with impressive results in over 250 treatments. The majority of subjects who underwent RePneu LVRC treatment in PneumRx’s European clinical trials experienced significant improvement in lung function, exercise capacity and quality of life at both 6 months and one year after treatment, with minimal risk. 74% of all clinical subjects maintained a clinically significant improvement in exercise capacity at 12 months post-treatment and 96% experienced significant improvement in quality of life. The RePneu LVRC received the CE Mark in October 2010 and is commercially available in select countries in Europe. PneumRx has also received approval from the FDA to commence a 315-subject pivotal trial in the United States.

“We have seen tremendous improvement in most of the patients we have treated with the RePneu LVRC to date, and are confident that the patients we enroll in this STIC study will enjoy the same benefits, including increased exercise capacity, improved pulmonary function, and better quality of life,” said Professor Gaetan Deslee, Principal Investigator for the study. Said Professor Charles-Hugo Marquette, “The RePneu LVRC represents an important advancement in the treatment of patients with emphysema, and we are pleased that we will be able to treat additional patients under this new protocol.”

“We are thrilled that the French government has recognized the benefits of the RePneu LVRC and agreed to support this important study,” noted Erin McGurk, PneumRx’s President and CEO. “We look forward to bringing the benefits of the RePneu LVRC to growing numbers of emphysema patients in France and throughout the world.”

About PneumRx, Inc.

PneumRx, Inc. is a rapidly growing medical device company focused on the development and commercialization of innovative products to treat emphysema using minimally-invasive techniques. It is a privately held company located in Mountain View, California.

Website

http://www.pneumrx.com

SOURCE﹛PneumRx, Inc.

Written by asiafreshnews

August 1, 2012 at 2:27 pm

Posted in Uncategorized

Netcomm Wireless Lauded in the Australian Business Awards 2012

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SYDNEY, July 31, 2012 /PRNewswire-Asia/ –NetComm Wireless has long been a byword for innovation. Now it’s official, with NetComm Wireless Limited (ASX: NTC) taking out top honours in The Australian Business Awards 2012 in two categories: The Australian Business Award for Innovation and the Australian Business Award for Product Innovation.

The awards specifically recognise NetComm Wireless’ achievements in both business and product innovation. Since its establishment in 1982 by a small team that engineered Australia’s very first modem, NetComm Wireless has played a pioneering role in the development of innovative first-to-market broadband technologies for consumer, business and industrial markets globally and is today recognised as one of the world’s most innovative companies.

NetComm Wireless won the Australian Business Award for Product Innovation for its ADSL2+ Wireless N300 Modem Router with Gigabit WAN, VoIP and USB host (NB16WV) – the first, and only, fully featured 4G USB modem router in Australia. The NB16WV provides a future-proof central connection point for all online activities, and is designed to support emerging technologies and network upgrades. As well as simultaneously connecting multiple devices to Telstra’s 4G network, the innovative NB16WV caters to today’s communication needs while also connecting Australian homes and businesses to future fibre networks when available.

The prestigious and comprehensive awards program, established in 2005, engages with leading corporate, government and non-profit organisations across key industry segments, including financial, manufacturing, professional services, energy, telecommunications, construction, transport, healthcare, education, food services and retail.

Entries are assessed using specific criteria via an established set of business and product award categories, benchmarking the full spectrum of organisational performance and product management to identify the industry leaders for each award category and industry classification. The awards raise the bar across all aspects of quality management and provide organisations with ways to review their business performance and identify their core strengths.

David Stewart, CEO and Managing Director of NetComm Wireless, said the award reflects the substantial investment the company has made in its research and development over the life of the current strategic plan.

“Our strategic direction has been shaped by a firm commitment to innovation which is at the core of everything we do. We are thrilled to have won the esteemed Australian Business Award for innovation in both the business and product categories this year, and will build on this recognition to ensure the continued delivery of highly advanced wireless technologies for diverse markets,” said Mr Stewart.

Congratulating NetComm Wireless, Ms Tara Johnston, Program Director, The Australian Business Awards said: “These types of accolades don’t come easily – they are underpinned by vision and leadership, both of which require a clear dedication to research and development.

“Despite a challenging business environment locally and abroad, this year’s participants in The Australian Business Awards remain steadfast in their commitment to innovation and excellence,” Ms Johnston said.

“We’re proud to promote the models of business and product excellence in addition to highlighting contributions to the community and sustainability initiatives with these leading organisations and to publicly honour their achievements.

“There was unparalleled breadth and depth in this year’s entries, highlighting the economic stability of Australia and stamping it as the ‘clever country’ for progressive projects, investment, enterprise ventures and workplace practices. Across the private, public and not-for-profit sectors, the 2012 winners of The Australian Business Awards are innovative, agile and truly ‘best in class’.”

Enquiries to: Stephanie Wilson, NetComm Wireless Communications Manager Phone: +61 2 9424 2045 or email: stephanie.wilson@netcommwireless.com

About NetComm Wireless

NetComm Wireless Limited (ASX: NTC) is a leading developer of innovative broadband products sold globally to major telecommunications carriers, core network providers and system integrators. For 30 years NetComm has developed a portfolio of world first data communication products, and is arespected global providerof 3G and 4G wireless devices servicing the major telecommunications carrier, Machine-to-Machine (M2M) and Rural Broadband markets. NetComm’s products are designed to meet the growing needs of today’s data-intensive home, business and industrial broadband applications and customized to optimize performance in line with global network advancements. Headquartered in Sydney, Australia, NetComm has offices in New Zealand, North America and the Middle East. For more information about NetComm visit: www.netcommwireless.com

Source: NetComm Wireless

Written by asiafreshnews

August 1, 2012 at 11:20 am

Savvis to Purchase Ciber Global ITO Business

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– Transaction to Deepen Existing Partnership and Enhance Client Services

ST. LOUIS and GREENWOOD VILLAGE, Colo., July 31, 2012 /PRNewswire-Asia/ — Savvis, a CenturyLink company (NYSE: CTL) and global leader in cloud infrastructure and hosted IT solutions for enterprises, and Ciber (NYSE: CBR), a global information technology consulting and managed services company, have entered into an agreement under which Savvis will purchase certain assets of Ciber’s global IT Outsourcing (ITO) business for US$7 million in cash at the time of closing, plus additional future consideration in the form of a cash earn-out payment based on results through December 2013.

The assets include client and vendor relationships, infrastructure, technology and facilities spanning several countries. In addition, Savvis expects to hire the approximately 750 people who currently support Ciber’s global ITO business.

Savvis plans to provide ITO clients with continued IT outsourcing support in addition to offering its enhanced capabilities, including cloud services. It is expected that clients will benefit from the direct relationship with Savvis, as well as the enhanced communications services provided through CenturyLink’s robust global network.

Ciber will continue to provide clients full lifecycle application development and outsourcing solutions, including system design, implementation and managed services, partnering with Savvis to leverage its expertise and resources in the physical infrastructure.

Completion of the transaction is subject to the delivery of certain third-party consents and other customary closing conditions. The transaction is expected to close in the fourth quarter of 2012.

The agreement builds on the partnership the two companies formed in July 2011 that enabled Ciber to leverage Savvis’ worldwide data centers and network capacity to serve the growing needs of Ciber’s clients. With more than 50 data centers throughout North America, Europe and Asia, Savvis is an industry leader in global infrastructure hosting and enterprise cloud computing environments.

“The acquisition of Ciber’s global ITO business will complement Savvis’ existing ITO assets by expanding the organization’s capabilities for application management services and help desk support,” said Jim Ousley, chief executive officer of Savvis and president of CenturyLink’s Enterprise Markets Group. “Ciber’s ITO customers will also benefit by gaining access to Savvis’ global footprint, services and account teams.”

“This action aligns with Ciber’s strategies to continue to narrow our focus on core offerings and market segments, and to drive growth through strategic partnerships with businesses that have scale and are leaders in the industry,” said Ciber Chief Executive Officer Dave Peterschmidt. “Our shareholders should see increased value as we concentrate on our core offerings. We will continue to provide global hosting and cloud solutions in partnership with Savvis where it benefits our clients.”

Forward-Looking Statements

This press release includes certain forward-looking statements that are based on current expectations only (including the estimated timeframe for closing of the transaction and expectations regarding future effects and benefits of the transaction), and are subject to a number of risks, uncertainties and assumptions, many of which are beyond the control of Savvis and Ciber. Actual events and results may differ materially from those anticipated, if one or more of these risks or uncertainties materialize, or if underlying assumptions prove incorrect. There can be no assurance that the transaction will be consummated on the terms described above or at all. You are further cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Neither Savvis nor Ciber undertakes any obligation to update any of its forward-looking statements for any reason.

About Savvis
Savvis, a CenturyLink company is a global leader in cloud infrastructure and hosted IT solutions for enterprises. Nearly 2,500 unique clients, including more than 30 of the top 100 companies in the Fortune 500, use Savvis to reduce capital expense, improve service levels and harness the latest advances in cloud computing.

About CenturyLink
CenturyLink is the third largest telecommunications company in the United States. The company provides broadband, voice, wireless and managed services to consumers and businesses across the country. It also offers advanced entertainment services under the CenturyLink™ Prism™ TV and DIRECTV brands. In addition, the company provides data, voice and managed services to enterprise, government and wholesale customers in local, national and select international markets through its high-quality advanced fiber optic network and multiple data centers. CenturyLink is recognized as a leader in the network services market by key technology industry analyst firms, and is a global leader in cloud infrastructure and hosted IT solutions for enterprises through Savvis, a CenturyLink company. CenturyLink’s customers range from Fortune 500 companies in some of the country’s largest cities to families living in rural America. Headquartered in Monroe, La., CenturyLink is an S&P 500 company and is included among the Fortune 500 list of America’s largest corporations.

For more information, visit http://www.savvis.com or http://www.centurylink.com.

About Ciber, Inc.
Ciber is a global IT consulting company with 7,000 consultants in North America, Europe and Asia/Pacific, and approximately US$1 billion in annual revenue. Client focused and results driven, Ciber partners with organizations to develop technology strategies and solutions that deliver tangible business value. Founded in 1974, the company trades on the New York Stock Exchange (NYSE: CBR). For more information, visit http://www.ciber.com.

SOURCE Savvis

Written by asiafreshnews

August 1, 2012 at 11:14 am

Posted in Uncategorized