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Eighty per cent of Russians and CIS Citizens Surveyed said they Would Consider Forex Trading in the Next 12 Months

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MOSCOW, Dec. 13, 2012 /PRNewswire/ —

Survey disproves the idea that Russian and CIS citizens are not interested in trading FX
Results identify top ten reasons and motivations Russian and CIS citizens give in order to trade FX
The three top reasons consumers gave in order to trade FX:

They want a guarantee of their legal interests being protected by law or regulation
They want clearer information on potential returns and the opportunity for better returns
They want clarity on their trading activity, especially trading execution.
(Logo: )

Independent research(1) commissioned by FOREX CLUB, a leading online broker(2), has shown that most Russia Federation and CIS citizens surveyed would try – or return to – forex (FX) trading. Out of the ten top reasons they gave for doing so, the first was a guarantee that their consumer interests would be protected by law or regulation, the second highest ranked reason given was and more transparent trading execution were rated the second and third most important issues to them in trading FX.

The research, based on interviews with 2,000 consumers in Russia and three CIS countries, also found that a third of all people would choose currency trading to boost their household income. This means that nearly four out of five (78%) of those interviewed said they would consider trying foreign currency trading in the next 12 months, as long as they were well-trained and there was no risk of losing money while they were learning to trade.

Contrary to apparently popular – but certainly unsubstantiated – views in the Russian Federation and the CIS countries, FOREX CLUB’s independently commissioned research shows there is a clear appetite by many Russian and CIS citizens for FX trading. The research also shows that consumers want more action taken in the FX industry to improve the level of transparency, information, education about trading and proficiency of regulatory measures in Russia and CIS.

Research commissioned by FOREX CLUB and conducted by Vision Critical Research from 10-17 May 2012. Sample size 2,000 respondents: 400 from Belarus, 300 from Kazakhstan and 650 from both Ukraine and across the Russian Federation. Respondents were adults all earning a minimum of 30 000 RUR per month, per one member of the family.
FOREX CLUB was ranked number 10 out of the 44individually named global brokers by retail forex volume in Forex Magnates’ Q3 2012 Industry Report.
Vladimir Kozlov, CEO of FOREX CLUB Group of Companies, commented: “This research challenges and frankly disprovesany claim that citizens in the Russian Federation and CIS countries don’t want to trade FX. Clearly consumers want more to be done – and seen to be done – on regulation and on their wish to see clearer information on trading returns, greater transparency in trading execution and an improvement on returns. At FOREX CLUB we’re have long been fully committed to delivering on these. We also think it’s vital that the FX industry as a whole focuses on measures to help address these issues – all brokers should be doing everything we possibly can to support local markets and governments to resolve them.”

Survey Results

Average Score
Rank Motivation to start or return to FX trading (out of 5)
Guarantee that my interests are protected by law or
1 regulation 3.52
2 If returns were better 3.07
3 More transparent trading execution 3.04
4 Recommendation by someone I trust 2.97
5 More information about potential returns 2.88
6 A website/platform with reliable trading software 2.85
7 More client support tools 2.79
8 More educational tools 2.71
9 Easier to understand websites/platforms 2.63
10 Lower costs for FX broker services 2.18

Source: Vision Critical Research for FOREX CLUB, May 2012

Ways in Which FOREX CLUB delivers on Consumers’ Expectations

Expectation No. 1: More Legal Protection: FOREX CLUB is also a long-term advocate of improved regulation and adheres to strict legal requirements for its trading businesses, including LLC FOREX CLUB, is licenced by the Russian Federation’s Federal Service for Financial Markets, as a stock broker, futures and options transactions in stock trading (licence number 1564), and it provides clients with legal protection accordance with Russian law.Our Russian broker, LLC FOREX CLUB, is also a founding member of CRFIN, the Russian self-regulatory organisation, whose mission is to establish effective mechanisms to regulate the forex market to promote transparency, civility, usability and security interests of all market participants.

Expectation No. 2: Clearer Information on Potential Returns and Prospect of Better Returns: FOREX CLUB provides all of its clients with institutional-level capabilities to help clients maximise their trading. Strategic partnerships with First Derivatives and oneZero Financial Systems, both world-class financial technology providers that provide services to top tier banks and other financial institutions, mean that clients can access industry-best execution, best pricing and best speeds on all of their trades.

Expectation No.3: More Transparent Trading Execution:

FOREX CLUB, through their partnership with First Derivatives and oneZero Financial, has deployed a market access model for MT4 that has become a standard among brokers offering interbank liquidity through the MT4 platform. Client trades are matched against the best available real-time market price for each execution across a vast range of institutional liquidity relationships. This model not only provides the best execution to clients but also is a highly transparent means of verifying tradable rates and improving execution for clients. Brokers employing this model across the industry have seen a 99%+ trade execution rate for client trades, in addition to improved LIMIT trade execution and minimized slippage on market orders. In addition, the proven scalability of oneZero and First Derivatives creates the potential for 10,000+ trades/s handling from the MT4, which pushes the limits of the platform itself even for an enterprise level integration.

Other Ways in Which FOREX CLUB Supports Client Expectations

Improved Regulation and Trading Standards: The Russian broker, LLC FOREX CLUB, is a founding member of CRFIN, the Russian self-regulatory organisation to promote greater and more effective regulation of the FX industry. LLC FOREX CLUB was established to provide Russian traders – both individuals and legal entities – with an opportunity to trade in the forex market in full compliance with the Russian law. The operations of LLC FOREX CLUB are organised in accordance with the established norms of corporate governance and reporting, and are based on the principles of information transparency, integrity, and reliability for respective individuals and legal entities.

More Educational-based and User-Friendly Websites/Platforms: As a market leader in Russia and CIS, FOREX CLUB also has STARTFX2, its own proprietary and very easy-to-use STARTFX 2 trading platform for every consumer, including those completely inexperienced in the skills and knowledge of trading. STARTFX 2 has been especially developed for anyone completely new to trading, who would like education built-in to their trading activities, as well as access to risk-free, cost-free practice accounts. Both the real and practice accounts provide clients with step-by-step guidance on every single trade and what each single stage of every trade means.

Comprehensive Educational Services in Trading, Tools and Strategies: FOREX CLUB is arguably the global FX market leader in providing educational services for forex, CFDs and other trading, including tools and strategies, through its partner, the International Academy of Investments and Trading. It is certainly the strongest leader and most well-established leader of such services in the Russian language and across the Russian Federation and CIS, as the Academy has provided education in trading since 1997.In 2011, over 45,000 traders chose to learn forex trading with us. FOREX CLUB was one of the industry’s first to offer zero spread trading and commission refunds on all unprofitable trades.

About FOREX CLUB Group of Companies

For more information about FOREX CLUB, please click on this link.

Written by asiafreshnews

December 14, 2012 at 2:42 pm

Posted in Uncategorized

KPMG 2012 Revenues Reach US$23 Billion

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Growth seen across all service lines and industries

Bolstered by strategic investments in key service areas, emerging markets and talent recruitment

HONG KONG, Dec. 13, 2012 /PRNewswire/ — KPMG International (KPMG) today announced record-high combined revenues of US$23.03 billion for the fiscal year ending 30 September 2012, representing a 4.4% increase over the previous year in local currency terms. When adjusted to US dollars revenues increased by 1.4%, reflecting the relative strength of the US dollar. At a time of ongoing global economic challenges, the growth reflects our continued strategic focus on investments in emerging markets and key service areas, as well as aggressive recruitment of top talent. In the latest Universum rankings, business students from leading universities around the world voted KPMG as one of the most attractive employers for the third consecutive year, ranking second overall and highest among the Big 4 firms.

Michael J. Andrew, Chairman of KPMG International, commented:

“2012 was a year of two distinct halves; with growth strongest at 6.4% in the first six months of the year and relatively weaker growth of 2.1% in the six months to September. Growing our business against such a challenging economic backdrop is testament to the quality of our people and the strength of their relationships with clients.”

KPMG recorded increased revenues across all functions with particularly strong growth generated in Financial Services, Industrial Markets and Infrastructure, Government and Healthcare. Advisory revenues grew by 8.3%, to $7.86 billion; Tax revenues grew by 6.3%, to $4.86 billion; and Audit revenues grew by 0.9%, to $10.31 billion.

“The growth in Advisory and Tax underlines the strength of client demand for professional services,” said Michael. “On the Audit side, the market has never been more competitive and we are focused on continuing to improve audit quality, as evidenced by our significant investments in our global audit platform that surpassed $50 million, in addition to the $100 million invested over the past several years. KPMG member firms are also actively engaged with their regulators around the world in constructive dialogue, with the goal of continuing to improve audit quality.”

At a regional level, the Americas delivered strong growth for the year, with revenues rising by 7%. The Europe, Middle East and Africa region reported increased revenues of 4% across the region, despite the ongoing economic uncertainty caused by the Eurozone crisis. The Asia Pacific region reported revenue growth of 1.1%, reflecting subdued growth in North Asia.

KPMG’s commitment to investment in rapidly growing economies was reflected by exceptional annual growth of 20% or more at KPMG firms in Argentina,Brazil, Chile, India and Turkey. Revenue growth was also strong in Africa and Indonesia, rising by more than 10% in each area over the last fiscal year. The decision to convert our Chinese member firm from a joint venture to a special general partnership was also a bold step and will enable KPMG’s Chinese firm to continue to contribute to the development of the Chinese accounting profession.

“I am proud that our Chinese member firm has grown from 30 employees only 20 years ago to 9,000 partners and staff today, with significant potential for future growth,” said Michael. “Opening a new KPMG office in Myanmar last month was a sign of our commitment to helping to rebuild that country’s economy, and to playing a leading role in the economic development of the region.” KPMG also established member firms in Iraq and Mongolia during the course of the year and now operates in 156 countries. The decision to locate KPMG’s chairman in Asia is a further indication of the commitment to the important role of this region in the global economy.

In addition to investing in its global audit platform and emerging markets, KPMG also focused on bolstering advisory and tax services. Michael noted that KPMG “will continue to make acquisitions that will help build market-leading positions and capabilities in key areas that are important to clients, as we have done in shared services and outsourcing advisory and indirect tax compliance services, as well as in procurement and supply chain management, through our recent acquisition of BrainNet. We are making these investments to help provide the highest quality, most innovative services to clients.” He added, “I’m confident the investments we are making will create growth and career advancement opportunities for our professionals.”

Recruiting top talent remained a priority in FY12. Over the course of the year, KPMG increased its global workforce by over 5%, to more than 152,000 partners and staff, the highest number of individuals ever employed across the network. More than 450 new partners were appointed over the year, bringing the number of partners across the network to more than 8,600, another record. KPMG recruited more than 18,000 graduates last year and plans to recruit a further 60,000 graduates over the next three years, marking the highest planned recruitment levels in KPMG’s history. With its strong focus on training and advancement, KPMG has become one of the top tier employers in the business community.

Other FY12 highlights:

KPMG in China consolidated its leading position in M&A consulting by advising on three of the four largest Chinese business outbound merger and acquisitions during the course of the year.
KPMG’s Management Consulting practice, part of the Advisory business, achieved growth of 15% for the year and has grown to a business with revenues of $2.2 billion in just seven years.
KPMG continued to invest in its global Centers of Excellence for Financial Services, Government & Infrastructure, Healthcare and Management Consulting. The Centers bring together KPMG experts with specialized skills and expertise to bring solutions to assist clients in navigating the fast-changing and complex business environment.
KPMG’s firms now serve more than 82% of the Global Fortune 500 list of companies.
KPMG reinforced its commitment to sustainability by winning the prestigious International Accounting Bulletin “Sustainable Firm of the Year” award.
KPMG has for the first time issued its International Annual Review, Transparency Report and Communication on Progress towards the UN Global Compact goals along with the network’s financial results.
About KPMG International

KPMG is a global network of professional firms providing Audit, Tax and Advisory services. We operate in 156 countries and have more than 152,000 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.

The financial information set forth on these pages represents combined – not consolidated – information of the separate member firms of KPMG International that performed professional services for clients and is combined here solely for presentation purposes. KPMG International performs no professional services for clients.

For further information, please contact:

Brian Bannister, Head of Global Communications

Seth Oster, Chief Communications Officer, KPMG U.S.
Tel +1 201 307 8644

Europe, Middle East, Africa, South Asia, (EMA):
Gavin Houlgate, Director of Communications
Tel + 44 207 694 3902

Asia Pacific:
Nina Mehra, Head of Media, KPMG China
Tel +852 2140 2824

Notes to editors:

Combined revenues of KPMG member firms by region (U.S. $ billion)

KPMG regions 2011 2012 Comparison in
local currency Comparison in
US dollars (%)
America 7.05 7.45 7.0% 5.7%
Asia Pacific 4.00 4.07 1.1% 1.8%
Europe, Middle East, Africa* 11.66 11.51 4.0% (1.3%)
Total 22.71 23.03 4.4% 1.4%

Combined revenues of KPMG member firms by service line (U.S. $ billion)

KPMG services 2011 2012 Comparison in
local currency Comparison in
US dollars (%)
Audit 10.48 10.31 0.9% (1.6%)
Tax 4.69 4.86 6.3% 3.6%
Advisory 7.54 7.86 8.3% 4.2%
Total 22.71 23.03 4.4% 1.4%

Combined average headcount (FTE) of KPMG member firms

2011 2012 Change
Partners 8,150 8,624 5.8%
Professionals 110,730 117,190 5.8%
Administration 25,797 26,576 3.0%
Total 144,677 152,390 5.3%

*Includes India

The following global reports have also been issued by KPMG International today:

KPMG International Annual Review:
The International Annual Review reflects on our record of achievement over the past fiscal year and outlines the platform for growth that we have developed by: sharpening our focus on high growth markets, enhancing our ability to deliver a consistently high level of client service, enriching our service capabilities in key functional areas, growing our headcount in priority markets and sectors, and acting with integrity and quality in everything we do.

KPMG International Transparency Report:
This report provides insights and details on how we continually strive to enhance audit quality, which is a direct reflection of our network’s unwavering commitment to audit quality, an integral element of our business and culture. The report is available to clients or potential clients, regulators, policy makers and any other stakeholders with an interest in the KPMG network.

UN Global Compact – 2012 Communication on Progress:
KPMG International has been a signatory to the United Nations Global Compact since 2002. Participation demonstrates our commitment to advancing the business agenda as an active corporate citizen. It is an opportunity to explain how the professionalism, experience and values of KPMG member firms can contribute to a wider movement for more responsible, legal and ethical behavior. All signatories are required to produce a ‘Communication on Progress’ report which describes the ways in which they are implementing the ten principles of the Compact and supporting broader development objectives.

Written by asiafreshnews

December 14, 2012 at 2:26 pm

Posted in Uncategorized

Mariana Express Lines Launches U.S. West Coast Service

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Horizon Lines will serve as dedicated shipping agent
SINGAPORE /PRNewswire/ — Mariana Express Lines Limited (MELL), a regional ocean container carrier offering service between islands in the Pacific Ocean and Asia and Australia, today announced it will launch a U.S. West Coast service to select Micronesia locations commencing on December 15th. The carrier’s new Micronesia Express service will offer weekly departures from Los Angeles, Oakland and Tacoma to the Pacific islands of Majuro, Pohnpei, Chuuk, Yap, Palau and Saipan.
Horizon Lines, LLC, will serve as dedicated shipping agent for the container service, providing U.S. sales, vessel connections and logistics support. MELL containers will be carried by Horizon Lines vessels between U.S. West Coast ports and Honolulu, where they will be transferred onto MELL vessels for pacific island connections. This new Micronesia Express represents a first ever direct Hawaii port call for MELL ships.
“There is ongoing demand from U.S. shippers for service to these Pacific islands and by partnering with Horizon Lines we can fill the niche to meet this demand with reliable deliveries and a regular schedule,” said Mr. Tong Hui Aw, President of MELL. Mr. Aw added, “Mariana Express is proud to work with Horizon Lines, a company committed to service excellence. Their philosophy is a perfect fit as we look forward to further growing and developing our Pacific service offerings for the U.S. market.”
MELL’s Micronesia Express service will offer Los Angeles to Majuro transit times of 14 days, as an example. Shippers with time sensitive commodities, including groceries and retail goods, will enjoy excellent transit times.
“Mariana Express Lines has a solid reputation in the Asia Pacific region, which we will support as we raise visibility of the carrier’s service in the U.S. marketplace,” said Mr. Ali Nikkhoo, Vice President & General Manager, Hawaii, for Horizon Lines. “We are excited to help MELL enhance their Micronesia service capabilities for U.S. shippers.”
U.S. customer service for Mariana Express Lines is available at 877-525-6449, operating from 7 a.m. to 7 p.m. Central time and 7 a.m. to 4 p.m. Honolulu time.
About Mariana Express Lines
Founded in 1997, Mariana Express Lines (“MELL”) is a container liner operator headquartered in Singapore. Focusing on niche routes in the Asia-Pacific region, MELL provides shippers and consignees liner services with regular sailing schedules and quick transit times. The company started with just two vessels, and has expanded its network extensively in recent years. Using Hong Kong and Kaoshiung as hubs, MELL currently carries containers between the U.S., China, Southeast Asia, Japan, Australia and islands in the Pacific. MELL has dedicated shipping agencies in key ports of call to support vessel operations and to provide ancillary logistics support. For more information, visit
About Horizon Lines
Horizon Lines, Inc. is one of the nation’s leading domestic ocean shipping companies and the only ocean cargo carrier serving all three noncontiguous domestic markets of Alaska, Hawaii and Puerto Rico from the continental United States. The company maintains a fleet of 15 fully Jones Act qualified vessels and operates five port terminals in Alaska, Hawaii and Puerto Rico. A trusted partner for many of the nation’s leading retailers, manufacturers and U.S. government agencies, Horizon Lines provides reliable transportation services that leverage its unique combination of ocean transportation and inland distribution capabilities to deliver goods that are vital to the prosperity of the markets it serves. The company is based in Charlotte, NC, and its stock trades on the over-the-counter market under the symbol HRZL.
Source: Horizon Lines, Inc.; Mariana Express Lines

Written by asiafreshnews

December 14, 2012 at 12:03 pm

Posted in Uncategorized

Wamli.Com Launches Online Shop in Dubai to Ship Cool, Fun and Quirky Products Across the Globe

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DUBAI, UAE /PRNewswire/ —
Combines Social Ecommerce With a Unique Rewards Program and a ‘Geek’ Platform, a Dubai based startup, has launched an online social hub for shoppers and collectors to source design oriented items sourced from around the world. It aims to indulge the need of enthusiasts to collect unique and funky products, and is a global portal that ships internationally within three to ten days.
(Photo: )
The site, which went live on 12.12.2012, offers a social centric platform based on a one-of-a-kind loyalty and rewards programme, its own virtual economy, the promise of outstanding customer experience, and a dynamic ranking system.
“The idea of is to combine shopping with a social community and gaming experience. The products are cool and funky -some are quirky things you might not need but will most definitely want. We’ve wrapped that in a cohesive social ecosystem where users earn points whenever they browse, shop, or play. As users earn incentives for social activity on and gain social recognition, they progress to unlock powers that give them exclusive services and rewards such as a personal concierge,” said Rabih Ghandour, CEO, was conceived and developed in Dubai, with the company relying on in-house design and production from the start. Its simple, clean and interactive design is easy to navigate even for first-time shoppers, yet sufficiently rich to keep online veterans engaged.
Products available at range from the practical to the fun, with gift items such as stools, foosball tables and figurines rubbing shoulders with cleverly designed technology products such as cameras, clocks and audio accessories. Other categories include daily essentials such as stationery, travel articles such as bag packs and suitcases, fashion related products like swimwear and wallets, and home design accessories such as furniture, lamps and wall art.
The Crazy-Funky-Cool category of products pays homage to’s geek-chic roots, and offers products that are unique, peculiar, fun and collectible. Other interesting products include bicycles and scooters, and even a yacht or two.
“The model is disruptive to standard e-commerce because of the way it integrates gameplay, social recognition and unique products from around the globe, combining it into a thriving community with its own virtual currency. It is a platform that brings shoppers, gamers and design enthusiasts together. The aim is to make shopping a thrilling, entertaining and socially engaging experience. is essentially a shopper’s paradise, with a little ‘geek’ thrown in,” Ghandour concluded.
Contact Details

Written by asiafreshnews

December 14, 2012 at 11:23 am

Posted in Uncategorized

Invest In Tissue World – Barcelona 2013

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March 19-21, 2013 – Trade-show of Vendors
March 18-21, 2013 – Conference Meeting Sessions
Venue: Fira Barcelona – Gran Via, Hall 1, Spain
SINGAPORE /PRNewswire/ — Tissue World, held in Barcelona on March 18-21, 2013, is the world’s largest conference and tradeshow covering the soft hygienic tissue paper products business. This includes facial tissue, household paper towels, toilet tissue, handkerchiefs and table napkins. Worldwide production of tissue paper products is growing at a steady 4% annually and has an extremely close correlation with increases in GDP. Tissue products represent a significant category in the fast moving consumer goods (FMCG) business, with an estimated global value of US$ 70 billion per annum.

FIRA Barcelona
The scale of producers of tissue products varies extremely widely, from small-scale converters of tissue products, to large multinational corporations such as Kimberly-Clark, Proctor and Gamble, SCA and Georgia-Pacific.
The Tissue World exhibition is open free of charge to all trade visitors interested or potentially interested in the tissue business. Held in conjunction with the exhibition is the high-level Management and Technical Conference which is the world’s premier meeting for the tissue industry. Speakers at the conference include leading experts on management, marketing, sustainability, technical issues and operations within the tissue business.

Tissue World crowd in Nice
Whether you are already working in the tissue business, or considering entering this steadily growing and dynamic consumer products sector, Tissue World Barcelona offers the ultimate opportunity to learn about the latest trends and developments in the industry and meet with the key players.
The Tissue World meets in Barcelona. See you there.
For further information, please contact:
Ivan Ferrari
Phone Number: +65 6592 0886
Source: Tissue World – UBM

Written by asiafreshnews

December 14, 2012 at 10:51 am

Posted in Uncategorized