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Archive for May 27th, 2013

JollyHome: the dream seeker

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HANGZHOU, China, May 27, 2013 /PRNewswire/ — The extensive use of cyberspace has subsequently caused e-commerce to thrive, as reflected in the 100 percent increase in the fast-moving consumer goods (FMCG) sector in the last two years. In particular, the potential for the household goods industry being sold online is just incredible, as demonstrated by and

In regards to household goods as well as just about everything else, we have seen the younger generation constantly pursue a higher quality of life as they are more eager to “be there” and “get involved,” from home furniture to interior decorations; from bathroom wares, kitchen wares to outdoor furniture; from design to function; and from originality to practicality. And they never stop there as they intend to achieve further.

The young generation is indeed the driving force behind the prosperity of online shopping for it simply does the same job without them having to go outdoors. And they tend to choose reputable brands like IKEA, where innovation, design, and practicality are expertly incorporated and well-retained all at the same time.

On that same note, we believe that our brand, JollyHome, carries a similar efficiency but also improves on customer experience.

Why? For we partner directly with reputable manufacturers throughout China thanks to our old boys network, which guarantees good quality as well as price competitiveness. The manufacturers that we collaborate with have the merit and experience to literally incorporate all the necessary ingredients into their finished art piece. In essence, JollyHome aspires to deliver the best possible products with the best possible after-sales service. And likewise, we will never stop exploring our potential until we can please even the most discerning consumers.

For more information about, please visit

View in PR Newswire Asia website: JollyHome: the dream seeker

Written by asiafreshnews

May 27, 2013 at 10:47 pm

Posted in All releases

RICS: Salaries of mainland Chinese and Malaysian real estate professionals grow fastest in Asia

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The RICS and Macdonald & Company Asia Rewards & Attitudes Survey 2013

HONG KONG, May 27, 2013 /PRNewswire/ — RICS (Royal Institution of Chartered Surveyors) and Macdonald & Company announced the results of the annual Asia Rewards & Attitudes Survey 2013 today, showing that there was a notable rise in the overall growth rates (10.6%) in terms of regional salary growth, but the market leading the way was Malaysia rather than mainland China.

Despite this, professionals in Malaysia have the lowest average salary (around US$55,700, or approx. HK$432,385) when compared to Singapore (around US$135,900, or approx. HK$1,054,957), China (around US$106,600, or approx. HK$827,509), and Hong Kong (around US$100,300, or approx. HK$778,603). The average salary for the Asian region was around US$99,400, or approx. HK$771,617.

Overall, the fear of uncertainty in the economy and market continues and it has been a year characterised by swings in global and local sentiment. While general consensus is that this era of uncertainty is set to continue, the confidence of respondents has softened slightly from last year with 40% overall predicting an increase in economic activity in their sector during the next twelve months. Malaysians are most optimistic with 45% anticipating an increase in economic activity whereas Singaporeans are less so with 32% expecting an improved economy.

The survey this year drew attention to various factors. For example, across Asia there has been a significant change in attitudes towards moving jobs, with effectively 60% of the respondents responding that they are very or fairly likely to change jobs in the next 12 months. This is despite 69% of respondents claiming that they consider their current employer as their employer of choice. This shows that while there is slightly more optimism regarding what the future may hold, there is nonetheless an acknowledgement of uncertainty.

Findings show that salary remains the primary factor when it comes to job satisfaction at 78%, up from 77% last year. It has been noted that those working in the Asian real estate market with an RICS qualification have secured a salary increase, on average US$120,923 (approx. HK$938,694) up from US$106,943 (approx. HK$830,171) the previous year or up by 13%. Those working in Singapore with an RICS qualification on average earn the most (around US$181,342, or approx. HK$1,407,712) followed by those working in mainland China (around US$120,932, or approx. HK$938,764), which now exceeds Hong Kong (around US$107,903, or approx. HK$831,336).

Kenneth Kwan, Chairman of RICS Hong Kong, commented, “the survey is very thorough and contains lot of information for reference. The trend of increase in salary across Asia is encouraging. This should be able to attract more young and bright people to join the profession. Whilst we should feel very lucky to be in this region and celebrate, we shall also strive harder to maintain and improve the quality of the service so that the clients are willing to pay higher fees to make this sustainable.”

William Glover, International Director, Macdonald & Company Property Limited, said “Macdonald & Company is delighted to extend its work with RICS in Asia into its seventh year. This year’s results are revealing in that it highlights the urgent attention employers must make to manage turnover within the part of the labour force that is most likely to move jobs for short term reasons. By taking a proactive stance with the 50% of staff who fit this description, employers will be able to build more stabilized workforces and control wage inflation more effectively and increase profit margins. As in previous years, the survey also highlights the value of investing in professional qualifications such as RICS.”

To view the full report, please visit the following link:

– END –

About RICS & RICS Asia
RICS is the world’s leading qualification when it comes to professional standards in land, property and construction. In a world where more and more people, governments, banks and commercial organisations demand greater certainty of professional standards and ethics, attaining RICS status is the recognised mark of property professionalism.

Over 100,000 property professionals working in the major established and emerging economies of the world have already recognised the importance of securing RICS status by becoming members.

RICS is an independent professional body that since 1868, has been committed to setting and upholding the highest standards of excellence and integrity – providing impartial, authoritative advice on key issues affecting businesses and society. RICS is a regulator of both its individual members and firms enabling it to maintain the highest standards and providing the basis for unparalleled client confidence in the sector.

The RICS Asia supports a network of over 11,000 individual professionals across the Asia Pacific region with an objective to help develop the property and construction markets in these countries, by introducing professional standards, best practice and international experience. It promotes RICS and its members as the natural advisors on all property matters. It also ensures that services and career development opportunities are provided to members.

The RICS Asia region covers national associations and local groups locating in Brunei, Malaysia, Singapore, Thailand, The People’s Republic of China and the SAR Hong Kong. It also has members working across the region such as Bangladesh, Bhutan, Burma/Myanmar, Cambodia, Indonesia, Japan, Kiribati, Laos PDR, Macao, Mongolia, Nepal, North Korea, South Korea, Taiwan region, The Maldives, The Philippines, Timor East and Vietnam. For more information, please visit:

About MacDonald and Company
Macdonald & Company is the leading professional recruitment consultancy to the property industry. Macdonald & Company deals exclusively in the recruitment of property professionals across the UK and worldwide. They act for a diverse range of clients. These include banks, consultancies, property companies, funds, institutions, developers – indeed, any organisation that occupies, owns, invests in or advises on property.  For more details, please visit our website:

View in PR Newswire Asia website: RICS: Salaries of mainland Chinese and Malaysian real estate professionals grow fastest in Asia

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May 27, 2013 at 10:23 pm

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B. Braun Won Patent Litigation Against Poly Medicure Ltd’s Malaysian Distributor Med8 Sdn Bhd

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KUALA LUMPUR, Malaysia, May 27, 2013 /PRNewswire/ —

MED8 SDN BHD, GMMI SDN BHD, SYED NASIR BIN SYED AGIL T/A PERNIAGAAN NASLINE, PARIAMAN JATI SDN BHD and MOHAMMAD HAIRUN B. AHMAD T/A HSQA TECH are permanently prohibited to make, import, use, sell, stock or offer for sale safety IV catheter products that infringe B. Braun’s Malaysian patents MY-143155A and MY-141712. B. Braun has successfully defended these patents against a counter-claim for invalidation of Braun’s said Malaysian patents by Med8 and the other Defendants and convinced the Malaysian IP High Court that the safety IV Catheters of Med8, namely Easy Port Safety, Easy-Pen Safety, Easy-Cath Safety and Easy-Cath Wing Safety which are admitted to be identical to those of Poly Medicure Ltd., Haryana, India, infringe the aforementioned B. Braun patents. The initial court order dates back to 10 Oct. 2012 B. Braun successfully defended an appeal of the judgement on 8 April 2013 and was awarded costs of MYR 550.000 (EUR 137.000). The Suit numbers are D22(IP) – 23 – 2011 and D22(IP) – 53 – 2010, which were consolidated into one suit.

This is one of several patent infringement suits either decided or running against Poly Medicure Ltd. and their distributors. B. Braun will continue to take the necessary actions to provide the best possible innovation to the health care market, while protecting its patented products such as Introcan Safety(R), Vasofix(R) Safety and Introcan Safety(R)3 against illegal infringement.

Mechthild Claes

View in PR Newswire Asia website: B. Braun Won Patent Litigation Against Poly Medicure Ltd’s Malaysian Distributor Med8 Sdn Bhd

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May 27, 2013 at 9:32 pm

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Climbers Set World Record for Highest Banking Transaction on Mount Everest

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Mountaineers prove that banking with Standard Chartered is possible even at the top of the world

KATHMANDU, Nepal, May 27, 2013 /PRNewswire/ — Two mountaineers have set a world record by being the first to use a mobile banking app on Mount Everest. Climbers Horacio Galanti, from Grande Prairie in Alberta, Canada, and Horacio Cunietti, of Mendoza, Argentina, achieved the feat using Standard Chartered Breeze mobile banking apps during their expedition to summit the highest peak in the world; an altitude of 8,848 metres above sea level.

Horacio Galanti using the Standard Chartered Breeze app on Mount Everest
Horacio Galanti using the Standard Chartered Breeze app on Mount Everest

Mountaineer Horacio Galanti on the summit of Mount Everest
Mountaineer Horacio Galanti on the summit of Mount Everest

Mountaineer Horacio Galanti on the summit of Mount Everest
Mountaineer Horacio Galanti on the summit of Mount Everest

Coinciding with the 60th anniversary of the first ascent of Mount Everest by Sir Edmund Hillary and Sherpa Tenzing Norgay on 29 May 1953, the two Horacios are aiming to climb into the Guinness Book of World Records. In a series of firsts for banking, they have successfully traded shares with Breeze Trade and conducted funds transfers with Breeze Banking at Everest Camp 3 located at 6,500 metres then confirmed their bank account balances with Breeze Balance at Everest Camp 4 located at 8,000 metres.

These achievements come after they made history earlier in their journey with the world’s first stock trade for 50 Standard Chartered shares (2888.HK) at the Mount Everest South Base Camp at 5,364 metres using the Breeze Trade app. Apart from proving that with Standard Chartered Breeze, banking is possible anywhere and anytime, the duo are also serving an environmental purpose by helping in the restoration of Mount Everest by recovering debris left behind by other expeditions over the decades.

Mr. Aman Narain, Standard Chartered’s Group Head of Digital Banking, based in Singapore, said:”This challenge really shows how far mobile technology has come, in that it’s possible to bank anytime, even from the most extreme locations on the planet. Breeze mobile banking apps were developed in Singapore and now they’ve reached the top of the world. We’re incredibly proud of our two Horacios for their epic achievement and for truly going Above and Beyond. At Standard Chartered, we are committed to pushing the boundaries of great experiences in banking and there aren’t many more challenging environments than Mount Everest.”

Mr. Ashley Veasey, Standard Chartered Hong Kong’s Chief Information Officer, said: “Our mountaineers capture the spirit of Standard Chartered’s brand promise, Here for good. The world’s highest banking transactions on Mount Everest including the first ever stock order at Base Camp for 50 Standard Chartered shares (2888:HK) from the Hong Kong Stock Exchange symbolises the Bank’s innovation leadership to go above and beyond customer expectations. We congratulate our two Horacios, wish them a safe trek down the mountain and look forward to welcoming them back in Hong Kong where they first commenced their journey.”

Mountaineer, Mr. Horacio Galanti, said: “I’ve been mountaineering for more than 23 years and this expedition has been the realisation of a lifetime ambition for me. On our journey we experienced ice, snow, moving glaciers, hurricane force winds and temperatures that dipped to -40 degrees Celsius. I’m proud to be associated with Standard Chartered and to have made history with this mobile banking breakthrough. I was amazed at how resilient the Breeze application was. Not many people can say they have been able to do their banking on the highest mountain on earth!”

Standard Chartered has been digitising its banking services to deliver innovations which address the needs of its globally connected, socially networked customers who are on-the-go. The Bank’s suite of banking and lifestyle apps, including Breeze Banking, Breeze Home, Breeze Good Life and Breeze Trade, provide a differentiated mobile banking solution to customers. More than 1 million users around the world have downloaded Breeze.

Find out more about our mountaineers and follow the progress of this epic journey to summit Mount Everest:

Digital Media Partner:


Standard Chartered – leading the way in Asia, Africa and the Middle East 

Standard Chartered is a leading international banking group. It has operated for over 150 years in some of the world’s most dynamic markets and earns around 90 per cent of its income and profits in Asia, Africa and the Middle East. This geographic focus and commitment to developing deep relationships with clients and customers has driven the Bank’s growth in recent years. Standard Chartered PLC is listed on the London and Hong Kong stock exchanges as well as the Bombay and National Stock Exchanges in India.

With 1,700 offices in 70 markets, the Group offers exciting and challenging international career opportunities for 87,000 staff. It is committed to building a sustainable business over the long term and is trusted worldwide for upholding high standards of corporate governance, social responsibility, environmental protection and employee diversity. Standard Chartered’s heritage and values are expressed in its brand promise, ‘Here for good’.

For further information please visit  Follow Standard Chartered at and on Twitter @StanChart.

View in PR Newswire Asia website: Climbers Set World Record for Highest Banking Transaction on Mount Everest

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May 27, 2013 at 9:32 pm

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World Leaders: “The time is NOW to confront cervical cancer”

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KUALA LUMPUR, Malaysia, May 27, 2013/PRNewswire/ —

Global Call to Action to universalise cervical cancer prevention backed up by historic commitments by national leaders and international agencies

Every year, 275,000 women die of cervical cancer. India alone accounts for 72,000 deaths – more than any other country – while the top ten highest mortality rates for cervical cancer are all in Africa[1].

With global attention focused on cervical cancer, key stakeholders from more than 70 countries came together as an urgent ‘Call to Action’ was released at the Global Forum on Cervical Cancer Prevention. It called for universal access to cervical cancer prevention, which would rewrite the future for millions of girls and women living in some of the poorest countries in the world.

“This is a wonderful beginning in protecting girls from the world’s poorest countries against one of the leading cancer killers of women” said Seth Berkley, CEO, GAVI Alliance. “And the new low price we negotiated for the HPV vaccine allows us to immunise more girls and takes us a step closer towards sustainability.”

Leaders commended South Africa, which is not eligible for GAVI funding, for taking the bold step of announcing that in February 2014, they too will roll out the vaccine to girls aged nine to ten. “We welcome the South African Government’s new commitment to vaccinate girls against this deadly disease, which kills more than 3000 women every year and is a leading opportunistic infection for people with HIV,” said Portia Serote of Treatment Action Campaign.

International agencies have a key role to play to ensure that the world moves toward the World Health Organisation commitment that by 2015, 50% of the 75 focus countdown countries will have introduced the HPV vaccine.

“Preventing cervical cancer is about women’s rights to health, and equity in development,” said Mrs. Graça Machel, Incoming Chair of the Partnership for Maternal, Newborn and Child Health. The launch of the ‘Call to Action’ paved the way for an exchange of best practice experiences for effective cervical cancer prevention across the globe. Genevieve Sambhi, a cervical cancer survivor and former Miss Malaysia Universe said. “Cervical cancer happened to me – it can happen to anyone – but it doesn’t need to be this way. Together we can achieve a world free of cervical cancer.”


Nilanjana Bose: +60-017-8307580

1. Cervical Cancer Crisis Card, 2013,

View in PR Newswire Asia website: World Leaders: “The time is NOW to confront cervical cancer”

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May 27, 2013 at 9:32 pm

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Morningstar Announces Findings from Third Global Fund Investor Experience Report; Hong Kong Earned a C-

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HONG KONG, May 27, 2013 /PRNewswire/ — Morningstar Asia Limited, a subsidiary of independent investment research firm Morningstar, Inc. (NASDAQ: MORN), today released its Global Fund Investor Experience report, which assesses the experiences of mutual fund investors in 24 countries/regions across North America, Europe, Asia, and Africa. Hong Kong earned a C- in the 2013 report.

Morningstar’s evaluation of investor-friendly practices in fund markets worldwide identified the United States as the best market for fund investors based on criteria such as investor protection, transparency, fees, taxation, and investment distribution, while South Africa scored the worst. This year’s report also includes first-time reviews of fund investor experiences in South Korea and Denmark.

“We launched the first Global Fund Investor Experience report in 2009 to examine the treatment of mutual fund shareholders in 16 countries with the goal of advancing a dialogue about best practices worldwide. Since that time we’ve had numerous conversations with regulators and investment companies in multiple countries about their existing policies and ways to improve,” said Grant Kennaway, head of fund research, Asia Pacific for Morningstar. “Working with our analysts around the world, we expanded our survey to 24 countries this year. We hope our survey findings will help investment companies, distributors, and regulatory bodies around the globe continue to focus on improving the environment for investors.”

Morningstar researchers evaluated countries/regions in four categories: Regulation and Taxation, Disclosure, Fees and Expenses, and Sales and Media. Morningstar weighted the questions and answers to give greater importance to factual, empirical answers as well as the high-priority issues of fees, taxes, and transparency. Morningstar assigned countries/regions a letter grade for each category and then added the category scores to produce an overall country/region grade. The report’s authors gathered information from available public data and from Morningstar analysts. Below are the overall country/region grades, from highest to lowest scores and then in alphabetical order:

United States: A Sweden: B-
South Korea: B+ Switzerland: B-
Netherlands: B United Kingdom: B-
Singapore: B Australia: C+
Taiwan: B Belgium: C+
Thailand: B Canada: C+
Mainland China: B- France: C+
Denmark: B- Italy: C+
Germany: B- Japan: C
India: B- Hong Kong: C-
Norway: B- New Zealand: C-
Spain: B- South Africa: D

Hong Kong

Hong Kong scored a C-, which reflects above-average investment costs and poor disclosure practices. The absence of virtually any taxes on fund investments somewhat offsets these weaknesses.

  • Regulation & Taxation: This is Hong Kong’s strongest area, receiving a grade of B+. Hong Kong’s virtually nonexistent taxes on fund investments greatly contribute to the above-average grade in this section.
  • Disclosure: Hong Kong’s Disclosure requirements do not approach industry averages, let alone global best practice, earning Hong Kong a D- in this area.
  • Fees & Expenses: Hong Kong receives a C in Fees & Expenses. This is not surprising, given that the price of funds available for sale in Hong Kong, as measured by total expense ratios, is higher than in many countries.
  • Sales & Media: When it comes to Sales & Media, Hong Kong lacks regulations around advisor guidance and sales contests.

Among the key findings of the study:

  • Bans on advisor commissions are spreading around the world. In the coming months, Australia and the UK will restrict commissions with more regulations in the pipeline.
  • While the U.S. and European fund markets are roughly similar in size, U.S. investors pay significantly lower fees than European investors.
  • New Zealand showed the largest improvement from the 2011 study rising to a C- from a D- because of positive regulatory changes and an encouraging expansion of disclosure requirements.
  • Fund companies in most countries continue to treat the names of portfolio managers as trade secrets, leaving investors no way to determine who is responsible for a fund’s success or failure.
  • Australia and New Zealand do not require funds to publicly disclose full portfolio holdings, while France, South Africa, South Korea, and the UK only disclose holdings to current owners.

To read Morningstar’s complete Global Investor Experience report, visit:

About Morningstar Asia and Morningstar, Inc.

Morningstar Asia Limited is a subsidiary of Morningstar, Inc., a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offers an extensive line of products and services for individuals, financial advisors, and institutions. Morningstar provides data on approximately 416,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 9 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its registered investment advisor subsidiaries and has approximately U.S.$149 billion in assets under advisement and management as of Dec. 31, 2012. The company has operations in 27 countries.

Morningstar expanded to Asia in April 2000 and has grown its businesses into Japan, South Korea, India, mainland China, Taiwan, Singapore, Malaysia, and Hong Kong. The Asia operations not only offer timely information on mutual funds, but also insightful and independent analyses, unbiased fund ratings, and sophisticated analytical tools to help both individual and professional investors make better investment decisions.

Media Contact:

Cecilica Chung, +852-2973-4655 or

View in PR Newswire Asia website: Morningstar Announces Findings from Third Global Fund Investor Experience Report; Hong Kong Earned a C-

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May 27, 2013 at 8:47 pm

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User-Friendly Payment Options For EV Charging Will Reduce Adoption Barriers, Notes Frost & Sullivan

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End-to-end authentication and payment services through smartphone applications an important trend in the EV market

LONDON, May 27, 2013 /PRNewswire/ — Insufficient infrastructure has been the main dampener for the wider adoption of electric vehicles (EV), with user concerns revolving around the insufficient number of charging stations across a widespread area and cumbersome methods of authentication and payment. The implementation of user-friendly authentication and payment systems will go a long way in improving EV uptake.

Currently, the most common method of authorising access to charging stations is the membership model. EV drivers register with charging station networks provided by specific utilities. For an initial deposit and/or monthly charges, registered users are issued radio frequency identification (RFID) cards that can be used to authenticate and initiate charging at a station.

This subscription-based model is popular among charging station owners because of its profitability — it locks in a proportion of the limited customer base for a specific time period, ensuring easy return on investment. However, it is inconvenient for EV drivers. The payment options are limited, drivers cannot use available facilities unless they are members of the network, and registering with multiple networks means carrying multiple RFID cards.

“The subscription method misses the opportunity to tap into current social trends and a connected community with its widespread adoption of smartphones and expectations for digital and real-time transactions,” observed Frost & Sullivan ICT Research Associate Shuba Ramkumar.

Besides RFID cards, other emerging authentication and payment options in the EV market involve using Short Messaging Service (SMS), mobile apps, or a mobile wallet on a smartphone. Even then, registration with the charging station provider remains a prerequisite for using the payment options, which can be a stumbling block for non-member EV drivers.

“The adoption of near field communication (NFC) within the EV market can be a game changer in EV drivers’ experience,” opined Ramkumar. “It has the potential to provide secure authentication and access to authorised entities, and is being tested in Deutsche Telekom’s (DT) smart city project in Friedrichshafen. The results may prevent NFC from being written off as a mainstream technology in a connected society future.”

In short, a logical first step to encourage more EV users is empowering them with charging network availability and convenience of payments. Charging station owners will benefit from having more EVs on the road and should work towards the easy-to-use, fast, end-to-end authentication and payment services.

If you are interested in more information on the role of ICT in EV infrastructure, please send an e-mail to Joanna Lewandowska, Corporate Communications, at, with your full contact details.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants.

Our “Growth Partnership” supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

  • The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
  • The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organisation prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

Contact Us: Start the discussion

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Joanna Lewandowska
Corporate Communications — Europe
P: +48 22 481 62 20

Join our LinkedIn group: Future Growth Opportunities in ICT

View in PR Newswire Asia website: User-Friendly Payment Options For EV Charging Will Reduce Adoption Barriers, Notes Frost & Sullivan

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May 27, 2013 at 8:47 pm

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InMobi and iProspect Win the Adobo Design Award for Adidas Boost Rich Media Campaign

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SINGAPORE, May 27, 2013 /PRNewswire/ —

Reinforcing creative and innovation excellence in Mobile Advertising

InMobi, the leading innovator in mobile advertising and the largest independent mobile ad network and iProspect, Adidas’ global digital performance agency, have been recognized with the highest award in the Best Design, Game and Application Category at the recently concluded Adobo Design Awards 2013 in Manila, Philippines.

(Logo: )

InMobi and iProspect won the award for their rich media mobile ad campaign for Adidas Boost footwear. The campaign was recognized for bringing the experience of running effortlessly with Adidas Boost, a revolutionary shoe with a new cushioning technology. The rich media campaign, developed using InMobi Studio — the industry leading HTML5 ad-authoring platform, ran in Philippines earlier this year and generated high levels of engagement amongst the target audience.

The ad unit enabled users to “run” through multiple terrains using their fingers with varying levels of difficulty and conditions, and communicated the idea of running effortlessly to the target audience — people that could run but didn’t want to. The ad unit’s creativity and innovation also lay in comparing an individual’s performance against other runners in the neighbourhood, based on location and displaying the results on a custom map.

Commenting on the award, Phalgun Raju, Vice President and General Manager, India and South-East Asia said, “The Adobo Award demonstrates InMobi’s continued leadership in designing and delivering innovative and award winning campaigns to the brands and agencies we work with. This award is the latest in a series of industry recognitions and wins for InMobi. It reflects the capabilities of our creative services and ad delivery teams in driving HTML5 rich media innovations of our brand advertisers and agencies. Our ability to consistently innovate and deliver on our clients’ marketing messages creatively and effectively is what differentiates InMobi from other mobile ad networks.”

Shayne Garcia, Digital Director at iProspect Philippines, commented, “I see inMobi not only as a platform provider but as a long-term business partner. What makes inMobi stand out is its passionate people who work together in developing award-winning concepts and technological solutions that help us answer our clients’ marketing objectives. As iProspect continues to develop breakthrough digital campaigns that do not only deliver reach but also engage consumers, I am looking forward to more strategic partnerships with the inMobi team.”

Adobo magazine is South East Asia’s leading advertising and brand communications publication with special focus on culture and design. The Adobo Design Awards champion the region’s best in design and celebrate the talents behind the work.

To view the Adidas Boost campaign, please visit:

About InMobi

InMobi has been recognized by MIT Technology Review as one of 50 Disruptive Companies of 2013. InMobi platforms enable the world’s leading brands, developers, and publishers to engage global consumers. InMobi builds mobile-first technology platforms that leverage advances in big-data, user behaviour, and cloud-based architectures to simplify advertising. Agencies and advertisers leverage InMobi platforms to create HTML5 rich media ads and engage 691M consumers across 165 countries. Developers and premium publishers use InMobi platforms to acquire and monetise their mobile apps and their mobile websites across the globe. With offices in multiple continents, InMobi provides global reach with local service and support. InMobi is venture-backed by investors including: SoftBank, Kleiner Perkins Caufield & Byers and Sherpalo Ventures.

Developers can start monetizing instantaneously by downloading our SDK —

To learn more, please visit, follow us on Twitter @InMobi, or discover the latest mobile insights at

About iProspect

iProspect, part of Aegis Media, is a global digital performance agency helping to grow the world’s most sought-after brands, by targeting audiences that are ready to act and find innovative ways to turn intention into action. Clients include Fortune 500 companies and leaders across multiple industries, including Neiman Marcus, Gilt Groupe, Container Store, Mandarin Oriental Hotel Group, Athena Health, and STA Travel, among others. iProspect has 51 offices globally, in 39 countries. For more information, visit or follow them on Twitter @iProspect.

For further information, please contact:

Bikash Chowdhury
Director of Marketing, Japan and Asia Pacific
T: +91-98451-95100

View in PR Newswire Asia website: InMobi and iProspect Win the Adobo Design Award for Adidas Boost Rich Media Campaign

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May 27, 2013 at 8:47 pm

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Hong Kong Remains Safest Asian Data Centre Location

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Global ranking of countries as low-risk data centre locations revealed

HONG KONG, May 27, 2013 /PRNeswire/ — For the third year running, Hong Kong has been ranked as the lowest-risk Asian destination to locate a data centre — according to a report by international consultancies Cushman & Wakefield, hurleypalmerflatt and Source8.

The Data Centre Risk Index 2013 (DCRI) evaluates risks likely to affect the successful operation of data centre facilities in the 30 most important global markets.

Heidi Durrant, Head of Cushman & Wakefield’s Data Centre Advisory Group in Asia Pacific said, “Data centre demand in the APAC is expected to continue to expand, driven by the economic dynamism of the region and the businesses’ reliance on IT systems and the cloud. Traditional hubs such as Singapore, Hong Kong, Tokyo and Sydney are expected to remain the favoured locations for multinationals operating in the region; however, most local businesses are expected to look for in-country data centres that are geographically close to their main areas of operation rather than regional hubs.”

John Siu, Managing Director of Cushman & Wakefield Hong Kong,said, “We have seen the rapid growth of the data centre market in Hong Kong over the last few years due to the increasing demand for high tier rack space from corporate end users. With the full support from the Hong Kong SAR Government, both local and international data centre service providers have increased their footprint in Hong Kong, in particular in the Tseung Kwan O Industrial Estate. We expect that the Government will receive positive feedback when the first piece of land in Hong Kong dedicated for high-tier data centre use in Tseung Kwan O is listed for sale by public tender later this year.”

Data centres house business-critical IT systems — any downtime has the potential to threaten an organisation’s viability and impact significantly upon revenues and customer services. The aim of the DCRI is to help companies make informed investment decisions about where to locate their data centres to increase efficiency, lower costs and to develop strategies to mitigate anticipated risk.

In the report, factors such as energy and labour costs, internet connectivity, ease of doing business and the likelihood of natural disasters or political instability are all taken into consideration and individually weighted to reflect different risk levels.

The US maintains its place at the top of the DCRI and is considered the lowest-risk location for building and operating a data centre in the world. Specifically, it maintains a top-three position across the primary factors of energy cost, international bandwidth and ease of doing business.

The UK remains second globally in this year’s table — just behind the US — but ranks as the highest-placed European country. The nation’s high scores relating to international internet bandwidth and ease of doing business helped maintain its place above all other locations surveyed in Europe.

Data centre risk index 2013 results
rank index score (rank 1 = 100) country 2012 ranking change
1 100 United States 1 0
2 89.53 United Kingdom 2 0
3 82.29 Sweden 8 5
4 81.29 Germany 3 -1
5 81.16 Canada 5 0
6 79.63 Hong Kong 7 1
7 79.47 Iceland 4 -3
8 79.45 Norway 12 4
9 78.74 Finland 9 0
10 78.37 Qatar 6 -4
11 77.11 Switzerland 10 -1
12 76.26 Netherlands 14 2
13 74.59 Korea, Rep. 13 0
14 73.98 France 11 -3
15 72.49 Singapore 17 2
16 68.96 Malaysia 19 3
17 67.43 Poland 22 5
18 67.09 Ireland 16 -2
19 66.73 Thailand 15 -4
20 65.55 South Africa 18 -2
21 65.15 Spain 21 0
22 64.14 Czech Republic 25 3
23 62.70 Australia 23 0
24 61.56 Russia 24 0
25 58.91 China 26 1
26 55.12 Japan 20 -6
27 52.01 Mexico 27 0
28 46.37 Indonesia 28 0
29 40.85 India 29 0
30 35.15 Brazil 30 0

Source: Cushman & Wakefield, hurleypalmerflatt and Source8

Notes to editors

Full list of DCRI risk categories:

  • Energy Cost (per kWh)
  • International Internet Bandwidth (Megabytes per second)
  • Ease of Doing Business
  • Corporation Tax
  • Labour (cost of labour per hour)
  • Political Stability
  • Sustainability (energy from alternatives)
  • Natural Disasters
  • Education (percentage completed tertiary)
  • Energy Security
  • GDP per Capita
  • Inflation
  • Water (availability per capita)

About Cushman & Wakefield
Cushman & Wakefield is the world’s largest privately-held commercial real estate services firm. The company advises and represents clients on all aspects of property occupancy and investment, and has established a preeminent position in the world’s major markets, as evidenced by its frequent involvement in many of the most significant property leases, sales and assignments. Founded in 1917, it has 253 offices in 60 countries and more than 15,000 employees. It offers a complete range of services for all property types, fully-integrated on a global basis, including leasing, sales and acquisitions, debt and equity financing, investment banking, corporate services, property management, facilities management, project management, consulting and appraisal. The firm has more than $4 billion in assets under management. A recognized leader in local and global real estate research, the firm publishes its market information and studies online at . In Greater China, Cushman & Wakefield maintains eight market-leading offices in Beijing, Shanghai, Chengdu, Guangzhou, Shenzhen, Hong Kong and Taipei. More information is available at .

About hurleypalmerflatt

hurleypalmerflatt are leading engineering consultants who deliver outstanding services to the built environment, worldwide. The firm is recognised as market leaders in mission critical engineering and innovators in energy and sustainability. hurleypalmerflatt designs complex environments that are business critical, such as data centres, trading floors and operational control centres. The company has been integral to the development of data centres throughout Asia Pacific, EMEA and the Americas, with clients including major global banks and international data centre developers and operators. For more information, please visit:  

About Source8

Source8 is one of the world’s leading advisers on the implementation of real estate, technology and risk management infrastructure and services. The firm’s three core competencies, combined with a unique ability to operate securely in both stable and fragile markets, enable delivery of sector specific, fully integrated infrastructure solutions anywhere in the world. The Source8 Critical Infrastructure Division provides specific end-to-end services to support the strategy, planning, design and implementation of technical infrastructure and data centres for both business and government clients worldwide. The company brings an independent view, and pragmatic, executable advice to ensure that clients’ technology infrastructure supports their strategic objectives in a secure and commercially robust manner. The company’s advice and expertise is genuinely unique in that technology, real estate and risk management are brought together to provide clients with fully integrated solutions. For more information, please visit:

View in PR Newswire Asia website: Hong Kong Remains Safest Asian Data Centre Location

Written by asiafreshnews

May 27, 2013 at 8:47 pm

Posted in All releases

Valeant Pharmaceuticals International, Inc. to Acquire Bausch + Lomb for $8.7 Billion

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  • Will Establish Valeant as a Global Leader in Eye Health as Well as Dermatology
  • Expected to Achieve Annual Cost Savings of at Least $800 Million
  • Immediately Accretive to Valeant’s Cash EPS
  • Pro Forma for full year 2013, ~40% Accretive to Valeant’s Cash EPS

LAVAL, Quebec and ROCHESTER, New York, May 27, 2013 /PRNewswire/ — Valeant Pharmaceuticals International, Inc. (NYSE: VRX) (TSX: VRX) and Bausch + Lomb Holdings Incorporated, the global eye health company, today announced that they have entered into a definitive agreement under which Valeant will acquire Bausch + Lomb for $8.7 billion in cash.


Bausch + Lomb is a leading global eye health company that operates in three segments: Pharmaceutical (including prescription brands, generics and over-the-counter (OTC)), Vision Care (contact lenses and solutions), and Surgical (intraocular lenses and surgical equipment). Bausch + Lomb has a broad portfolio of eye health products, including well-known prescription and OTC brands Besivance, Lotemax, Ocuvite and PreserVision; vision care brands Biotrue ONEday, PureVision, renu and Boston; and surgical brands enVista, Storz, Stellaris and VICTUS.

Under terms of the agreement, which was unanimously approved by the Board of Directors of both companies, Valeant will pay aggregate consideration of $8.7 billion in cash, of which approximately $4.5 billion will go to an investor group led by Warburg Pincus and approximately $4.2 billion will be used to repay Bausch + Lomb’s outstanding debt. Valeant expects to achieve at least $800 million in annual cost savings by end of 2014. Bausch + Lomb’s expects to have revenues of approximately $3.3 billion and adjusted EBITDA in 2013 of approximately $720 million. The transaction is expected to be immediately accretive to Valeant’s cash earnings per share. Assuming the transaction occurred on January 1, 2013 and assuming the full realization of synergies, the acquisition would have been approximately 40% accretive to Valeant’s expected 2013 Cash EPS.

The transaction will be financed with debt and approximately $1.5 – $2.0 billion of new equity. Valeant has secured fully committed debt financing for the transaction from Goldman Sachs Bank USA. Taking into account the anticipated equity raise, Valeant’s debt to pro forma adjusted EBITDA ratio will be approximately 4.6 times.

Bausch + Lomb will retain its name and become a division of Valeant. Valeant’s existing ophthalmology businesses will be integrated into the Bausch + Lomb division, creating a global eye health platform with estimated pro forma 2013 net revenue of more than $3.5 billion. The acquisition positions Valeant to capitalize on growing eye health trends driven by an aging patient population, an increased rate of diabetes and demand from emerging markets. The combined business will also benefit from access to a strong product portfolio and a late stage pipeline of innovative, new products.

Valeant’s Chairman and Chief Executive Officer, J. Michael Pearson, said, “We are excited to announce the acquisition of Bausch + Lomb, which will transform Valeant into a global leader in eye health by significantly strengthening our capabilities in ophthalmic pharmaceuticals, contact lenses and lens care products, and ophthalmic surgical devices and instruments. Bausch + Lomb’s world-renowned brand, comprehensive portfolio of leading eye care products, and promising late stage pipeline are an ideal strategic fit for our current ophthalmology business and we are strongly committed to continuing to build a sustainable eye health business. With this transaction, Valeant will be a worldwide leader in both dermatology and eye health.”

Bausch + Lomb’s Chief Executive Officer, Brent Saunders, said, “Bausch + Lomb has undergone a profound transformation over the last few years. We introduced innovative new products for patients; built a robust pipeline; expanded into new markets; and strengthened our relationships with eye care professionals around the world. Valeant’s acquisition of our company is a testament to the tremendous value our talented employees have created over the past several years.” Saunders continued, “Our companies have a shared commitment to providing innovative and high quality products and exceptional service to customers. I am confident that under their stewardship, the Bausch + Lomb brand will continue to stand for excellence and innovation in eye health.”

Following the closing, Mr. Saunders will join Valeant in an advisory role to help ensure a seamless transition and integration and Fred Hassan, Chairman of Bausch + Lomb’s Board of Directors, will join Valeant’s Board of Directors. In addition, Dan Wechsler, Executive Vice President and President of Bausch + Lomb’s Global Pharmaceuticals, will join Valeant as Executive Vice President and Company Group Chairman, Ophthalmology and Eye Health. Bausch + Lomb’s Chief Medical Officer Calvin W. Roberts, M.D. will also join Valeant as its Chief Medical Officer, Ophthalmology and Eye Health. We also anticipate additional members of the senior management team to join Valeant.

The transaction, which is expected to close in the third quarter, is subject to customary closing conditions and regulatory approvals.

Skadden, Arps, Slate, Meagher & Flom LLP and Osler, Hoskin & Harcourt LLP served as Valeant’s legal counsel, and Bausch + Lomb was advised by Cleary Gottlieb Steen & Hamilton LLP. Goldman, Sachs & Co. and J. P. Morgan Securities LLC acted as financial advisors to Bausch + Lomb.

Conference Call and Webcast Information

Valeant will host a conference call and a live Internet webcast along with a slide presentation on Tuesday, May 28, 2013 at 8:00 a.m. ET (5:00 a.m. PT), to discuss the transaction. The dial-in number to participate on this call is (877) 876-8393, confirmation code 77049719. International callers should dial (973) 200-3961, confirmation code 77049719. A replay will be available approximately two hours following the conclusion of the conference call through June 28, 2013 and can be accessed by dialing (855) 859-2056, or (404) 537-3406, confirmation code 77049719. The live webcast of the conference call may be accessed through the investor relations section of Valeant’s corporate website at

About Valeant

Valeant Pharmaceuticals International, Inc. (NYSE/TSX:VRX) is a multinational specialty pharmaceutical company that develops, manufactures and markets a broad range of pharmaceutical products primarily in the areas of dermatology, neurology and branded generics. More information about Valeant can be found at

About Bausch + Lomb

Bausch + Lomb is a leading global eye health company that is solely focused on protecting, enhancing, and restoring people’s eyesight. Its core businesses include ophthalmic pharmaceuticals, contact lenses and lens care products, and ophthalmic surgical devices and instruments. It globally develops, manufactures and markets one of the most comprehensive product portfolios in the eye health industry, which are available in more than 100 countries. Founded in 1853, the company is headquartered in Rochester, NY, and employs more than 11,000 people worldwide.

Forward Looking Statements

This press release contains forward-looking statements regarding, among other things, the proposed business combination between Valeant and Bausch + Lomb, Valeant and Bausch + Lomb’s financial position, market position, product development and business strategy, expected cost synergies, expected timing and benefits of the transaction, as well as estimates of Valeant’s future expenses and future sales and earnings per share. Statements including words such as “believes,” “expects,” “anticipates,” “intends,” “estimates,” “plan,” “will,” “may,” “intend,” “guidance” or similar expressions are forward-looking statements. Because these statements reflect Valeant or Bausch + Lomb’s current views, expectations and beliefs concerning future events, these forward-looking statements involve risks and uncertainties. Investors should note that many factors could affect the proposed business combination of the companies and their future financial results and could cause actual results to differ materially from those expressed in forward-looking statements contained in this press release. These factors include, but are not limited to: the risk that the acquisition will not close; the risk that Valeant’s business and/or Bausch + Lomb’s business will be adversely impacted during the pendency of the acquisition; the risk that the operations of the two companies will not be integrated successfully; Valeant and Bausch + Lomb’s ability to successfully develop, commercialize and market new products; Valeant and Bausch + Lomb’s ability to obtain regulatory approval of any of their respective pipeline products; competition for the business of Valeant and Bausch + Lomb’s products; market acceptance of Valeant and Bausch + Lomb’s future products; government regulation of the companies’ industries; the outcome of any pending or future litigation or claims by third parties or the government; the risk of changes in governmental regulations; the impact of economic conditions; the impact of competition and pricing and other risks and uncertainties, including those (i) detailed from time to time in the Valeant’s periodic reports filed with the Securities and Exchange Commission (“SEC”) and the Canadian Securities Administrators (“CSA”), including current reports on Form 8-K, quarterly reports on Form 10-Q and annual reports on Form 10-K, particularly the discussion under the caption “RISK FACTORS” in their annual reports on Form 10-K for the year ended December 31, 2012, which have been filed with the SEC and the CSA and (ii) the risk factors detailed in Amendment No. 1 to the Form S-1 Registration Statement on WP Prism Inc. (the former name of Bausch + Lomb Holdings Incorporated), filed with the SEC on April 26, 2013, which has not been declared effective by the SEC. The forward-looking statements in this press release are qualified by these risk factors. These are factors that, individually or in the aggregate, could cause the companies’ actual results to differ materially from expected and historical results. The companies assume no obligation to publicly update any forward-looking statements, whether as a result of new information, future developments or otherwise.

View in PR Newswire Asia website: Valeant Pharmaceuticals International, Inc. to Acquire Bausch + Lomb for $8.7 Billion

Written by asiafreshnews

May 27, 2013 at 8:17 pm

Posted in All releases