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Investment Professionals in Asia Pacific Show Tempered Optimism on Economic Growth in 2014; Concerns on Market Integrity, Real Estate Bubble

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Annual CFA Institute survey finds increased confidence in global and APAC economies
But concerns over global market integrity remain, with Singapore and Switzerland top two most critical on lack of ethical culture within firms
Worries about market fraud locally and globally deepen significantly in Singapore
SINGAPORE /PRNewswire/ — Investment professionals worldwide report greater optimism over economic prospects for the coming year, although those in Asia Pacific (APAC) tend to be more cautious, according to the CFA Institute 2014 Global Market Sentiment Survey (GMSS).
The 2014 findings, drawn from 6,561 members surveyed worldwide, show that 63 percent expect the global economy to expand, up from 40 percent in last year’s survey. Most optimistic are members in the United Kingdom (78 percent) and Brazil (74 percent), while those in Hong Kong and mainland China are the least (54 percent and 48 percent respectively). In Singapore, optimism has almost doubled with 59 percent predicting an expansion, up from 32 percent a year ago.
Like their peers in other regions, APAC members do not rate the integrity of global markets in the past year (2013) highly, although respondents are more likely to think it will improve (32 percent), compared to their peers in Europe, the Middle East and Africa (EMEA – 27 percent) and in the Americas (AMER – 23 percent).
“The number of our members who expect the global economy to expand has nearly doubled in the last two years. However, this is no time for those in finance to become complacent,” says John Rogers, CFA, president and CEO of CFA Institute. “The survey reflects that investor trust has been eroded and in order for the financial industry to be an extraordinary force for good, we must embrace ethical behaviour at all levels. As markets rebound, we are working to ensure that attention does not shift away from meaningful reforms that might restore investor trust and strengthen the financial system’s ability to resist shocks in the future.”
Respondents in Singapore and Switzerland are the most critical about the lack of ethical culture within financial firms, with 63 percent in the former and 71 percent in the latter naming it as the top factor contributing to the current lack of trust in the finance industry. Globally, just over half (54 percent) of respondents indicate so.
Singapore also leads the world’s major markets in calling for top management and executives to establish and encourage better culture within the firm. Almost half (49 percent) of respondents here say that is the most needed action to help improve investor trust and confidence. Globally, 40 percent echo this view.
Members in Singapore are also among the most concerned about market fraud and feel that this issue will worsen going ahead. Almost three in 10 (30 percent) respondents here see market fraud as the most serious ethical issue facing both local as well as global markets in the coming year. This is almost three times higher than last year, when only 11 percent cited this as the most serious ethical issue locally, while 15 percent felt it was the dominant problem for global markets. Worldwide, mis-selling (25 percent) ranked as the top ethical issue locally, with market fraud a close second (24 percent).
In rating investment opportunities, respondents worldwide expect equities to perform best, singling out the US and mainland China markets as the top two choices (26 percent and 10 percent, respectively). Just over half (52 percent) in Asia-Pacific anticipate a real estate bubble, with concerns within the region strongest in mainland China (77 percent), Hong Kong (68 percent) and Singapore (59 percent).
“Like their peers worldwide, investment professionals in Singapore are more confident about the global economic outlook for 2014. However, market fraud has emerged as a particular ethical issue here, possibly because the survey was conducted in October, near the height of concern over irregularities in some local listed counters,” says Daryl Liew, chair of the advocacy committee and board member of CFA Society Singapore (CFAS). “The strong call for greater ethical culture within firms suggests that the investment community here recognises a need for and also demand higher standards in ethical behaviour and integrity, as Singapore emerges rapidly as a top investment and wealth management centre in the world. This is in line with what CFA Society Singapore and CFA Institute have been advocating, which is to create an environment where investors’ interests come first, markets function at their best and economies grow.”
Survey Highlights:
Singapore investment professionals positive about growth in 2014, but concerned about market fraud
Global economy expected to improve. Fifty-six percent of APAC respondents expect the global economy to expand, up from 32 percent in last year’s survey. Within APAC, those in Japan are the most optimistic (61 percent) and Singapore a close second (59 percent). Members in mainland China are the most cautious globally (48 percent).
Opinion divided over local economy. Fifty-two percent of APAC respondents expect their local markets to grow in 2014. Japan is the most confident within the region and among the top two globally at 73 percent. Hong Kong respondents (37 percent) are the most cautious. In Singapore, 47 percent of respondents expect the local economy to expand.
Marked increase in optimism for equities. Sixty-eight percent of APAC respondents have identified equities as the asset class most likely to perform best in the coming year, up from 41 percent in last year’s survey. In Singapore, the proportion of respondents who pick equities as the best-performing asset class has leapt to 76 percent, up from 45 percent last year.
Weak economic conditions (28 percent), political instability (24 percent) and growth rates in emerging economies (18 percent) identified as the biggest risks to local markets in APAC. Many more APAC respondents (18 percent) are concerned about growth rates in emerging economies than those in other regions (5 percent in AMER, 6 percent in EMEA). This is the top concern in Singapore (34 percent).
APAC members split on regulatory/industry actions most needed to reform the local market
Globally, better enforcement of existing laws is the top choice (30 percent). The same view is reflected in mainland China (34 percent), India (32 percent) and Australia (30 percent). But respondents in Japan (11 percent), Singapore (16 percent) and Hong Kong (21%) are the least concerned about enforcement.
Members in Japan (48 percent), Hong Kong (31 percent) and Singapore (23 percent) are more likely to point to the need for stronger corporate governance standards.
Respondents in mainland China (27 percent) are more concerned about improving transparency of financial reporting and other corporate disclosures than any other territory
Financial derivatives an ethical issue for global markets, market fraud and financial reporting top ethical issues for local markets in APAC
Compared to the global average more APAC members identify market fraud and the integrity of financial reporting as the principal ethical issues facing local markets. Mainland China respondents (55 percent) are by far the most concerned about market fraud, followed by Japan (34 percent) and Singapore a close third (30 percent). In Australia however mis-selling dominates as the largest concern (48 percent).
APAC members feel differently about the global market however, with the largest proportion (27 percent) citing the disclosure and use of financial derivatives as the most serious ethical issue facing global markets. Their peers elsewhere do not think this is as serious an issue (only 18 percent in AMER and 21 percent in EMEA).
About the Global Market Sentiment Survey 2014
Providing insight to investors worldwide, the annual Global Market Sentiment Survey (GMSS) reflects the views and expectations of CFA Institute members — respected experts in the industry — on financial markets, integrity, ethics, and performance for the coming year. The 2014 findings, drawn from more than 6,500 surveyed members in over 110 countries, are used by financial professionals and media outlets such as The Wall Street Journal and Bloomberg to gauge opinion on the future of the financial industry. For the complete GMSS results, visit http://www.cfainstitute.org/gmss.
About CFA Institute
CFA Institute is the global association of investment professionals that sets the standard for professional excellence and credentials. The organization is a champion for ethical behaviour in investment markets and a respected source of knowledge in the global financial community. The end goal: to create an environment where investors’ interests come first, markets function at their best, and economies grow. CFA Institute has more than 117,000 members in 140 countries and territories, including 110,000 CFA charterholders, and 140 member societies. For more information, visit http://www.cfainstitute.org.
About CFA Society Singapore
Founded in 1987, CFA Singapore is the first CFA chapter to be formed outside of North America and one of the most active societies of the CFA Institute, the not-for-profit global association of investment professionals that sets the standard for professional excellence and credentials. The mission of CFA Society Singapore is to lead the investment profession by promoting the highest standards of ethics, education and professional excellence for the ultimate benefit of society. This is implemented by member volunteers through the following 10 committees: Advocacy, Asset Management, Professional Development, Career Development & University Outreach, Membership, Networking, Research, Senior Members, Social Enterprise Investments and Social Media. It also provides preparation classes for the Chartered Financial Analyst exams and for Financial Industry Competency Standards programs. For more information, please visit http://www.cfasingapore.org or email info@cfasingapore.org.
Contact
Jason Puah
Ruder Finn Asia, Singapore
+65-6336-2084
puahj@ruderfinnasia.com
Source: CFA Institute

Written by asiafreshnews

December 18, 2013 at 5:55 pm

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Global Study Finds Mis-selling by Financial Advisers is Top Ethical Issue in Australia

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SYDNEY, Dec. 18, 2013 /PRNewswire/ — An annual global survey of CFA Institute members has found that concerns about mis-selling by financial advisers have increased significantly over the past year in Australia, despite the government’s stated intention to restore public confidence in the finance industry in the aftermath of the global financial crisis.
Almost half (48 percent) of Australian members responding to the Global Market Sentiment Survey 2014 regard mis-selling as the most serious ethical issue facing the local market in the coming year, rising from 36 percent last year. The annual survey measured the opinion of 6,561 CFA charterholders and members globally, 1,575 of whom are in Asia Pacific.
Interestingly, controversial trading practices such as high frequency trading and dark pools raised less apprehension amongst Australian respondents (12 percent), although it is the greatest concern for CFA Institute members in the United States. Within Asia, members consider market fraud as the most serious ethical issue facing their local markets.
Globally, the issue of mis-selling is much less of a concern and global respondents also believe its importance in their local markets is decreasing. This is in contrast to Australia where local members believe the issue of mis-selling, such as failing to offer products suitable to an investor’s objectives, has worsened in the past year.
Commenting on the global survey’s Australian findings, Jason Chesters, president of CFA Society Perth, says, “Our Australian members are showing increasing concern that the Future of Financial Advice (FOFA) reforms have yet to address the issue of mis-selling by financial advisers. This is perhaps exacerbated by indications that the new government will change ‘best interest’ provisions as part of the rollback of FOFA. We acknowledge the government’s desire to reduce red tape but encourage it to implement policy that improves Australians’ access to high quality advice that is in their best interest.”
Respondents worldwide believe that a lack of ethical culture within financial firms is the largest contributor to the lack of trust in the finance industry.
“A strong foundation in ethical principles and standards is essential across the financial services industry to regain the trust of investors, but perhaps no more so than in the provision of advice,” Chesters adds. “CFA Societies Australia is pleased that ASIC is taking steps to improve the quality of advice offered to retail clients by enhancing the minimum training standards required under RG 146. In particular, we hope that ASIC includes education and training on ethics, as proposed in its recent Consultation Paper. This has not been part of the standards before and represents an important step forwards.”
To review the complete report and survey results, visit http://www.cfainstitute.org/gmss.
Highlights of the CFA Institute Global Market Sentiment Survey 2014:
Economic outlook:
63 percent of CFA Institute members worldwide expect the global economy to expand in 2014.
52 percent of Australian members expect the local economy to expand and 32 percent expect it to stay roughly the same.
Worldwide, the three main drivers for global economic expansion are expected to be an increased focus on resolving global debt challenges (32 percent), growth among emerging economies (26 percent), and an increased focus on job creation (21 percent).
Markets outlook:
Globally, the US market is expected to provide the best investment opportunity in 2014 (26 percent), followed by China (10 percent), predominantly in equities.
Risks to growth:
Concern about weak economic conditions is more widespread in Australia than in any other country. A larger percentage of Australian investment professionals (49 percent) regard weak economic conditions as the single largest threat to their market next year, compared with 31 percent globally.
Australians rate political instability (28 percent) and systemic disruptions (27 percent) as greater risks to global capital markets.
Real estate bubble concerns:
Half the respondents in Australia believe it is possible that a bubble in real estate may develop here next year, though such worries are greater in China (77 percent), Singapore (59 percent) and the UK (51 percent) that they may face real estate bubbles in their countries.
NOTES TO EDITORS
About the Global Market Sentiment Survey 2014
Providing insight to investors worldwide, the annual Global Market Sentiment Survey (GMSS) reflects the views and expectations of CFA Institute members — respected experts in the industry — on financial markets, integrity, ethics, and performance for the coming year. The 2014 findings, drawn from more than 6,500 surveyed members in over 110 countries, are used by financial professionals and media outlets such as The Wall Street Journal and Bloomberg to gauge opinion on the future of the financial industry. For the complete GMSS results, visit http://www.cfainstitute.org/gmss.
About CFA Institute
CFA Institute is the global association of investment professionals that sets the standard for professional excellence and credentials. The organisation is a champion for ethical behaviour in investment markets and a respected source of knowledge in the global financial community. The end goal: to create an environment where investors’ interests come first, markets function at their best, and economies grow. CFA Institute has more than 117,000 members in 140 countries and territories, including 110,000 CFA charterholders, and 139 member societies. For more information, visit http://www.cfainstitute.org.
About CFA Societies Australia
The CFA Societies of Sydney, Melbourne and Perth are not-for-profit associations of close to 2,000 investment professionals formed to lead the investment profession in Australia by setting the highest standards of education, integrity and professional excellence. Our members are engaged in a wide variety of roles across investment management and advice. Most of our members are holders of the Chartered Financial Analyst (CFA) designation. Together we represent the three Australian chapters of CFA Institute.
Contact
Erin Taylor
Financial & Corporate Relations (FCR)
+61-2-8264-1007
+61-416-366-703
e.taylor@fcr.com.au
Source: CFA Institute

Written by asiafreshnews

December 18, 2013 at 5:44 pm

Posted in Uncategorized

Investment Professionals in Asia Pacific Show Tempered Optimism on Economic Growth in 2014; Concerned With Market Integrity, Real Estate Bubble

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Annual CFA Institute survey finds increasing confidence in APAC economies; need for key reforms to strengthen financial system
HONG KONG /PRNewswire/ — Investment professionals in Asia Pacific (APAC) are more optimistic about economic prospects for the coming year although they tend to be more cautious compared to their peers elsewhere, according to a survey by CFA Institute, the global association of investment professionals.
The CFA Institute 2014 Global Market Sentiment Survey (GMSS) shows that more than half (56 percent) of investment professionals in the region surveyed this year expect the global economy will expand, representing a significant shift in sentiment. Last year, only 32 percent of respondents had the same view. More than two-thirds (68 percent) in APAC are worried about asset bubble risks in their local markets, with 52 percent seeing it coming from the real-estate sector.
Overall, respondents see little change in the level of integrity in the global capital markets, though APAC respondents are more optimistic about this improving than their counterparts in the Americas as well as those in Europe, the Middle East and Africa “EMEA” (32 percent in APAC compared with 23 percent in the Americas and 27 percent in EMEA).
The annual survey measured the opinion of 6,561 CFA charterholders and members globally, more than 1,000 of whom are in APAC. To review the complete report and survey results, visit http://www.cfainstitute.org/gmss.
“The number of our members who expect the global economy to expand has nearly doubled in the last two years. However this is no time for those in finance to become complacent,” said John Rogers, CFA, president and CEO of CFA Institute. “The survey reflects that investor trust has been eroded and in order for the financial industry to be an extraordinary force for good, we must embrace ethical behavior at all levels. As markets rebound, we are working to ensure that attention does not shift away from meaningful reforms that might restore investor trust and strengthen the financial system’s ability to resist shocks in the future.”
Survey highlights:
Asia Pacific investment professionals positive about growth in 2014, but worries evident at local level
Global economy expected to improve. Fifty-six percent of APAC respondents expect the global economy to expand, up from 32 percent in last year’s survey; but fewer than in the Americas (62 percent) and EMEA (69 percent).
Opinion divided over local economy. Fifty-two percent of members in APAC expect their local markets to grow in 2014, up slightly from 46 percent in last year’s survey. Respondents in Japan are the most confident within the region and among the top two globally at 73 percent. Hong Kong respondents (37 percent) are the most cautious.
Marked increase in optimism over equities. Sixty-eight percent of APAC members this year identified equities as the asset class most likely to perform best, up from 41 percent in 2013.
Asset bubbles. Sixty-eight percent of APAC respondents anticipate an asset bubble in the coming 12 months, compared to only 49 percent in the Americas and 50 percent in Europe, the Middle East and Africa (EMEA).
United States, China, and Japan are considered the best investment opportunities. APAC members rate the United States (25 percent), China (20 percent), and Japan (10 percent) as the equity markets that will provide the best investment opportunity in 2014. Globally, respondents also rate these as the top three markets in that order.
Weak economic conditions (28 percent), political instability (24 percent) and growth rates (18 percent) in emerging economies are identified as the biggest risks to local markets. Many more APAC members are concerned about growth rates in emerging economies, than members in other regions (5 percent in the Americas, 6 percent in EMEA).
Members call for global oversight and local enforcement
Calls for improved oversight to build investor trust. Forty percent of APAC members say that the most needed action to improve investor trust and global market integrity is improved regulation and oversight of systemic risk, more than in EMEA (33 percent) and the Americas (24 percent).
Local enforcement and better corporate governance. Globally members cite improved enforcement of existing laws and regulations in their home markets (30 percent) as the action most needed to help improve investor trust and market integrity. But in APAC opinions are split. Those in China (34 percent), India (32 percent) and Australia (30 percent) share the same view. Respondents in Japan (48 percent), Hong Kong (31 per cent) and Singapore (23 percent) are more likely to point to the need for stronger corporate governance standards. Those in mainland China (27 percent) are also more concerned about improving transparency of financial reporting and other corporate disclosures than any other territory.
Financial derivatives an ethical issue for global markets, market fraud and financial reporting top serious ethical issues in APAC markets
Compared to the global average more APAC members identify market fraud (32 percent) and the integrity of financial reporting (20 percent) as the principal ethical issues facing local markets. China members (55 percent) are by far the most concerned about market fraud. In Australia however mis-selling dominates as the largest concern (48 percent). Biggest ethical issue facing global markets is the disclosure and use of financial derivatives, with APAC members (27 percent) rating this as more of a problem than their peers (18 percent in the Americas and 21 percent in EMEA).
About the Global Market Sentiment Survey 2014
Providing insight to investors worldwide, the annual Global Market Sentiment Survey (GMSS) reflects the views and expectations of CFA Institute members — respected experts in the industry — on financial markets, integrity, ethics, and performance for the coming year. The 2014 findings, drawn from more than 6,500 surveyed members in over 110 countries, are used by financial professionals and media outlets such as The Wall Street Journal and Bloomberg to gauge opinion on the future of the financial industry. For the complete GMSS results, visit http://www.cfainstitute.org/gmss.
About CFA Institute
CFA Institute is the global association of investment professionals that sets the standard for professional excellence and credentials. The organization is a champion for ethical behavior in investment markets and a respected source of knowledge in the global financial community. The end goal: to create an environment where investors’ interests come first, markets function at their best, and economies grow. CFA Institute has more than 117,000 members in 140 countries and territories, including 110,000 CFA charterholders, and 140 member societies. For more information, visit http://www.cfainstitute.org.
Contact:
Patrick Yu
Tel : +852-2530-2577
Email : Patrick.Yu@fleishman.com
Alice Li
Tel: +852-2513-0466
Email : Alice.Li@fleishman.com
Source: CFA Institute

Written by asiafreshnews

December 18, 2013 at 5:06 pm

Posted in Uncategorized

Frost & Sullivan: Sensor Technologies Becoming an Integral Part of Buildings

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– Focusing on minimizing false readings and improving accuracy will quicken widespread adoption

MOUNTAIN VIEW, California, Dec. 17, 2013 /PRNewswire/ — Growing interest in energy conservation and reducing carbon dioxide emissions has encouraged research in energy-efficient buildings and stepped up the use of sensors in building applications. In fact, the construction of green buildings has become easier with the advent of smart sensors and actuators, as information on local environment and occupancy enables building automation systems to utilize energy in an efficient manner.

New analysis from Frost & Sullivan (http://www.technicalinsights.frost.com), Sensors for Energy Efficient Buildings and Building Management, finds that sensors are gradually becoming an integral part of buildings, allowing the demand-based control of systems such as lighting, heating, ventilation, and air conditioning. Equipping buildings with motion and air quality sensors too has become a popular trend in the construction sector in recent times.

If you are interested in more information on this study, please send an email to Liz Clark, Corporate Communications, atliz.clark@frost.com, with your full name, company name, job title, telephone number, company email address, company website, city, state and country.

“A key factor driving the growth of sensors is the integration of wireless communication techniques in sensors, thereby enabling systems to overcome the challenges posed by wired sensor networks,” said Technical Insights Research Analyst Sumit Kumar Pal. “Wireless sensors can be easily fitted into existing infrastructure.”

Moreover, incorporating energy harvesting techniques in sensors will ensure that zero power is drawn from the electricity grid while also reducing maintenance by eliminating the need for battery replacements. However, self-powered sensors need to be highly accurate with minimum errors in terms of false positives and false negatives. Sensor errors such as not being able to detect human presence or indicating the presence of an occupant even when no person is present can limit widespread implementation.

“Providing multi-sensing capabilities for various parameters such as temperature, humidity, carbon dioxide levels, and light intensity along with occupancy sensing will facilitate comprehensive monitoring of the environment and minimize sensor reading errors to a large extent,” added Pal. “The installation of devices using microelectromechanical systems and nanosensors can further help overcome these challenges and reduce overall costs.”

Sensors for Energy Efficient Buildings and Building Management, a part of the Technical Insights subscription, provides a nine dimensional analysis of the sensor market that includes market potential, global footprint, funding, intellectual property intensity, breadth of applications, Mega Trend impact, potential points of convergence and size of innovation ecosystem. Further, this research service includes detailed technology analysis and industry trends evaluated following extensive interviews with market participants.

Technical Insights is an international technology analysis business that produces a variety of technical news alerts, newsletters, and research services.

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 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 organization 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

Join Us: Join our community

Subscribe: Newsletter on “the next big thing”

Register: Gain access to visionary innovation

Sensors for Energy Efficient Buildings and Building Management
D4FE-TI

Contact:
Liz Clark
Corporate Communications – North America
P: +1-210-477-8483
E: liz.clark@frost.com

http://www.frost.com
http://www.technicalinsights.frost.com
Source: Frost & Sullivan

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December 18, 2013 at 4:35 pm

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Frost & Sullivan Recognizes Schneider Electric’s PlantStruxure Game Changing Integrated Optimized Automation and Energy Management

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— PlantStruxure receives the 2013 Global Frost & Sullivan Award for Customer Value Enhancement acknowledging this leader as the option for best practice and excellence in process automation and energy management

MOUNTAIN VIEW, California, Dec. 17, 2013 /PRNewswire/ — Based on its recent analysis, Frost & Sullivan recognizes Schneider Electric Corporation (Schneider Electric) with the 2013 Global Total Plant Ecosystem Energy Optimization Customer Value Enhancement Award. This Award is presented to the company that demonstrates excellence in implementing strategies that proactively create value for customers by improving the return on the investment that customers make in its services or products. The award recognizes the company’s inordinate focus on enhancing the value that its customers receive, beyond simply good customer service, leading to improved customer retention and ultimately customer base expansion.

Click here for the full multimedia experience of this release – http://bit.ly/1kDUiva

As an industry leader for superior process automation solutions, Schneider Electric is recognized for its PlantStruxure architecture.

The PlantStruxure architecture takes a holistic approach to helping customers meet their business goals by optimizing the total plant, rather than just individual aspects of it. It offers solutions to a wide range of market participants, from single sites with local control to multiple sites with distributed control. Incorporating the service aspect into all operating modules becomes important, especially in an operating environment that is often challenged by an aging and shrinking workforce scenario.

“Overall, Schneider Electric’s integrated platform is gaining popularity across enterprises of all sizes, and infuses reliability, scalability, and flexibility in plants’ processes,” said Sr. Industry Analyst and Team Leader Muthuraman Ramasamy. “It also provides additional functionality to meet customers’ specific requirements in a cost-effective manner.”

The company’s use of the PlantStruxure architecture has enabled them to deliver superior value throughout the lifecycle of the plant, compared to their competition. This unique combination not only increases its reach in the market, but also strengthens its solution offering by connecting multiple disparate systems through an integrated platform that improves reliability in equipment and processes, as well as monitors and manages energy utilization effectively. Flexibility, faster time to market, and traceability are all incorporated into the solution to ensure smooth and energy-efficient operations.

“Schneider Electric understands that for customers to become truly efficient, they must integrate formerly distinct systems,” said Frost & Sullivan Senior Analyst Sonia Francisco. “To support this transition, Schneider Electric has developed the EcoStruxure architecture, which serves as a single platform that can connect to diverse solutions, including the PlantStruxure architecture.”

By plugging PlantStruxure into the EcoStruxure architecture, customers can easily extend the system to include information from any of the other domains. Using innovative interphase tools that are adaptable to individual preferences, the company offers an intuitive, easy-to-use system.

Frost & Sullivan Best Practices awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis and extensive secondary research to identify best practices in the industry.

About Schneider Electric

As a global specialist in energy management with operations in more than 100 countries, Schneider Electric offers integrated solutions across multiple market segments, including leadership positions in Utilities & Infrastructure, Industries & Machines Manufacturers, Non-residential Building, Data Centers & Networks and in Residential. Focused on making energy safe, reliable, efficient, productive and green, the Group’s 140,000 plus employees achieved revenues of 24 billion euros in 2012, through an active commitment to help individuals and organizations make the most of their energy.
http://www.schneider-electric.com

Find out more about PlantStruxure at http://www.schneider-electric.com.

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 organization 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

Join Us: Join our community

Subscribe: Newsletter on “the next big thing”

Register: Gain access to visionary innovation

Contact:
Mireya Espinoza
P: 210. 247.3870
F: 210.348.1003
E: mireya.espinoza@frost.com
Source: Frost & Sullivan

Written by asiafreshnews

December 18, 2013 at 4:27 pm

Posted in Uncategorized

Thomson Reuters Pilots Web of Science Certification Program at Russia’s Saint Petersburg State University Scientific Library

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– New certification enhances the University’s research efforts by increasing efficiency and speeding access to critical data

MOSCOW, Dec. 17, 2013 /PRNewswire/ — The Intellectual Property & Science business of Thomson Reuters, the world’s leading source of intelligent information for businesses and professionals, recently piloted the first-ever Web of Science Certification program at Russia’s Saint Petersburg State University Scientific Library. Working in close collaboration, Thomson Reuters trained 15 members of the library’s staff to become experts in the company’s Web of Science(SM), the premier web-based research platform for information in the sciences, social sciences, arts and humanities.

“We are honored to be the first university to participate in this certification program,” said Marina Karpova, head of Saint Petersburg State University’s Scientific Library and participant in the Web of Science Certification program. “It is always a pleasure working with Thomson Reuters. The company continually offers new opportunities for development. Our staff’s interest in the program was so high that we hope to conduct another training program in the near future.”

The Web of Science Certification Program was designed to train employees of subscribing university libraries to become certified specialists, in order to better train university staff, researchers and students, and to help further the institution’s use of the platform and to help advance the university’s scientific research efforts. The program is part of Thomson Reuters continued commitment to supporting the professional development of its customers.

The program comprised two days of intense training, including theoretical and practical sessions on how to better work within the Web of Science and with trusted indicators from Thomson Reuters InCites™, the company’s flagship, web-based research evaluation tool, including the Journal Citation Reports, the recognized authority for evaluating scholarly journals; and ResearcherID, a unique identification tool to help researchers manage their publication lists and citation counts. The program also provided training on EndNote Basic, the industry’s leading free reference tool. Each of the 15 participants are now certified for use, consulting and to train staff and students on the Web of Science and InCites platforms.

“We are pleased to pilot the first-ever Web of Science Certification program with Russia’s Saint Petersburg State University Scientific Library,” said Gordon Macomber, managing director, Thomson Reuters Scientific and Scholarly Research. “This initiative gives those certified the credentials and confidence to share the value of the Web of Science more broadly across their organization and advance their scientific initiatives. We look forward to implementing this certification at other institutions in the future.”

Learn more about Thomson Reuters Web of Science and InCites.

Thomson Reuters

Thomson Reuters is the world’s leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial and risk, legal, tax and accounting, intellectual property and science and media markets, powered by the world’s most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minn., Thomson Reuters employs approximately 60,000 people and operates in over 100 countries. Thomson Reuters shares are listed on the Toronto and New York Stock Exchanges. For more information, go towww.thomsonreuters.com.

CONTACT

Jen Breen
Jennifer.breen@thomsonreuters.com
+1-215-823-1791

Molly Malone
Molly.malone@thomsonreuters.com
+1-215-823-3702
Source: Thomson Reuters

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December 18, 2013 at 4:08 pm

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Investment Professionals in Hong Kong Less Optimistic about Local Economy and Job Prospects

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Annual CFA Institute survey suggests Hong Kong members worried about city’s competitiveness
HONG KONG, Dec. 17, 2013 /PRNewswire/ — An annual global survey of CFA Institute members finds that Hong Kong investment professionals are less confident about the growth prospects of the local economy. This runs counter to the growing optimism displayed by members worldwide. Within Asia Pacific, Hong Kong is also the most cautious about local job prospects for the investment sector in 2014.
Only 37 percent of members in Hong Kong responding to the CFA Institute 2014 Global Market Sentiment Survey (GMSS) believe the local economy will expand in the coming year, compared to 43 percent who had the same view last year. Globally, the percentage of respondents who expect their local economy to expand actually grew to 57 percent this year from 45 percent last year.
This muted sentiment is also reflected in their views on the job market. Only 21 percent of Hong Kong respondents expect jobs in the investment industry to increase, while 25 percent think employment will shrink.
“The findings suggest that investment professionals are concerned that Hong Kong is losing its competitive edge and are unsure about the city’s sustainable economic development in the long term,” says Ashley Khoo, CFA, vice-president and advocacy chair of The Hong Kong Society of Financial Analysts (HKSFA). “We at HKSFA believe, however, that there are changes that can be made to help Hong Kong stay ahead of the curve. We have recommended to the Hong Kong government a number of initiatives to enhance Hong Kong as a leading asset management centre such as introducing incentives to capture more foreign capital, attracting more Mainland opportunities, strengthening the integrity of our market, and safeguarding Hong Kong’s reputation for investor protection. We believe this will help us capture a larger share of the region’s growth opportunities. We welcome a continued dialogue with the authorities and other stakeholders to help enhance Hong Kong’s position as a leading global financial centre.”
Hong Kong members are more upbeat though when assessing global market prospects. More respondents this year (54 percent) expect the global economy to expand, compared to last year (31 percent). This is in line with worldwide sentiment, although respondents in Hong Kong are still among the most cautious.
Globally, 63 percent of CFA Institute survey respondents think that the global economy will expand in 2014, representing a significant shift in opinion over the previous year (40 percent). However, more than half (54 percent globally, 52 percent in Hong Kong) point to a lack of ethical culture within financial firms as the factor that has contributed the most to the current lack of industry trust. There is also little confidence that the integrity of capital markets is improving (26 percent globally, 22 percent in Hong Kong).
“The number of our members who expect the global economy to expand has nearly doubled in the last two years. However this is no time for those in finance to become complacent,” says John Rogers, CFA, president and CEO of CFA Institute. “The survey reflects that investor trust has been eroded and in order for the financial industry to be an extraordinary force for good, we must embrace ethical behavior at all levels. As markets rebound, we are working to ensure that attention does not shift away from meaningful reforms that might restore investor trust and strengthen the financial system’s ability to resist shocks in the future.”
Survey highlights:
Asia Pacific investment professionals positive about growth in 2014, but worries evident at local level, particularly in Hong Kong and mainland China
Global economy expected to improve. Fifty-six percent of APAC respondents expect the global economy to expand, up from 32 percent in last year’s survey. Within APAC, mainland China respondents are the most cautious, with only 48 percent expecting expansion, followed by Hong Kong, with 54 percent expecting the global economy to expand in the coming year.
Opinion divided over local economy. Fifty-two percent of members who responded in APAC expect their local markets to grow in 2014, up slightly from 46 percent in last year’s survey. Japan is the most confident at 73 percent. Hong Kong respondents are most cautious however, with only 37 percent expecting the local economy to expand (43 percent in last year), followed by mainland China at 45 percent.
Marked increase in optimism for equities. Sixty-eight percent of APAC respondents this year identified equities as the asset class most likely to perform best, up from 41 percent in 2013. Within APAC Japan is the most positive at 80 percent, followed by Hong Kong at 71 percent and mainland China at 61 percent. India is the least so at 54 percent.
Asset bubbles. Sixty-eight percent of APAC respondents anticipate a financial bubble in the coming 12 months, compared to only 49 percent in the Americas and 50 percent in EMEA. Fifty-two percent of APAC members believe the bubble will be in real estate – climbing as high as 77 percent in mainland China, 68 percent in Hong Kong and 59 percent in Singapore.
Weak economic conditions (28 percent), political instability (24 percent) and growth rates (18 percent) in emerging economies are identified as the biggest risks to local markets. Many more APAC members are concerned about growth rates in emerging economies, than members in other regions (5 percent in the Americas, 6 percent in EMEA).
APAC members split on regulatory/industry actions most needed to reform the local market
Globally, better enforcement of existing laws is the top choice (30 percent). The same view is reflected in mainland China (34 percent), India (32 percent) and Australia (30 percent). But respondents in Japan (11 percent), Singapore (16 percent) and Hong Kong (21%) are the least concerned about enforcement.
Members in Japan (48 percent), Hong Kong (31 percent) and Singapore (23 percent) are more likely to point to the need for stronger corporate governance standards.
Respondents in mainland China (27 percent) are more concerned about improving transparency of financial reporting and other corporate disclosures than any other territory
Financial derivatives an ethical issue for global markets, market fraud and financial reporting top ethical issues for local markets in APAC
Compared to the global average more APAC members identify market fraud and the integrity of financial reporting as the principal ethical issues facing local markets. Respondents in mainland China (55 percent) are by far the most concerned about market fraud, followed by Japan (34 percent) and Singapore (30 percent). In Australia however mis-selling dominates as the largest concern (48 percent).
APAC members feel differently about the global market however, with the largest proportion (27 percent) citing the disclosure and use of financial derivatives as the most serious ethical issue facing global markets. Their peers elsewhere do not think this is as serious an issue (only 18 percent in AMER and 21 percent in EMEA).
About the Global Market Sentiment Survey 2014
Providing insight to investors worldwide, the annual Global Market Sentiment Survey (GMSS) reflects the views and expectations of CFA Institute members — respected experts in the industry — on financial markets, integrity, ethics, and performance for the coming year. The 2014 findings, drawn from more than 6,500 surveyed members in over 110 countries, are used by financial professionals and media outlets such as The Wall Street Journal and Bloomberg to gauge opinion on the future of the financial industry. For the complete GMSS results, visit http://www.cfainstitute.org/gmss.
About CFA Institute
CFA Institute is the global association of investment professionals that sets the standard for professional excellence and credentials. The organization is a champion for ethical behavior in investment markets and a respected source of knowledge in the global financial community. The end goal: to create an environment where investors’ interests come first, markets function at their best, and economies grow. CFA Institute has more than 117,000 members in 140 countries and territories, including 110,000 CFA charterholders, and 140 member societies. For more information, visit http://www.cfainstitute.org.
The Hong Kong Society of Financial Analysts
The Hong Kong Society of Financial Analysts is a non-profit organization founded in 1992 by a group of CFA charterholders in Hong Kong. As at November 2013, the Society has over 5,300 members and is one of the largest member societies of CFA Institute. The Society is mostly run by member volunteers with the support of a team of professional staff. HKSFA shares the mission of CFA Institute in raising professional and ethical standards of financial analysts and investment practitioners through our continuing education events and advocacy effort. In addition to promoting the CFA designation in Hong Kong, we aim to provide a forum for our members, CFA Institute, other investment practitioners and regulators. For more information, visit http://www.hksfa.org.
Contact:
Ingrid Cheng
Strategic Financial Relations Limited
Tel: +852 2864 4836
Email: Ingrid.cheng@sprg.com.hk
Source: CFA Institute

Written by asiafreshnews

December 18, 2013 at 2:39 pm

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Elitecore is Featured Among Top 16 Global BSS Vendors

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MUMBAI, India and DUBAI, United Arab Emirates, Dec. 17, 2013 /PRNewswire/ —
Heavy Reading analyzes 16 prominent vendors in BSS space in its report on “Monetizing Data: The Role of BSS in the Digital Revolution.”
Elitecore, a leading provider of Integrated Policy, Charging and Revenue Management Platform, announces that it has been featured among Top 16 Global BSS Vendors by Heavy Reading in its latest report*, which profiles leading BSS vendors based on key solution attributes that effectively help operators maximize their revenue potential from the digital revolution that has engulfed the communications space today.
(Logo: http://photos.prnewswire.com/prnh/20130226/599701 )
Says Ari Banerjee, Senior Analyst, Heavy Reading, “In their push to make data monetization a reality, operators need a flexible BSS architecture that can create personalized, tiered plans for subscribers in LTE, MVNO or Cloud by leveraging network insights thereby, generating greater loyalty. Elitecore brings a unique advantage to operators through its all-IP based, converged platform which offers flexibility of either a single, pre-integrated real-time BSS, OCS and policy-based platform or modular components.”
Elitecore platform offers a product suite containing features that include single charging engine for prepaid/postpaid, real-time balance management, integrated policy and charging, QoS-driven offers, pre-integrated DPI with partners, integrated centralized catalog, integrated real-time offer management, advanced analytics, on-demand customer balance notification, and support for settlement and contract management.
Says Dhaval Vora, VP -Product Management, Elitecore Technologies, “We attribute Elitecore’s success in the BSS segment to our ability to launch personalized plans that bundle devices and applications by leveraging unique consumer insights, provide enhanced subscriber experience, reduce time-to-market for new services while ensuring multi-vendor interoperability across the operator’s 4G eco-system leading to reduced TCO and CapEx.”
* Monetizing Data: The Role of BSS in the Digital Revolution by Heavy Reading, Vol 11, No.12 November, 2013
About Elitecore
Elitecore Technologies is a Carlyle Group investee global IT product company providing BSS alongside packet core with flexibility of modular as well as pre-integrated offerings. Elitecore offerings are compatible to large vendor ecosystem leading to CSP’s requirement of faster time to market and better TCO. Being a traditional IP solutions player, Elitecore products are highly responsive to next-generation services, fulfilling operator monetization needs across all access networks.
Media Contact
LK Pathak
AVP-Corporate Communications
M: +91-9925012059
Email: l.k.pathak@elitecore.com
Source: Elitecore Technologies

Written by asiafreshnews

December 18, 2013 at 12:29 pm

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Vistra Acquires HVK Family Office Services in the Netherlands

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AMSTERDAM /PRNewswire/ —
Vistra, the fast growing corporate services Group, today announced the acquisition of HVK Family Office Services (“HVK FOS”), part of the consultancy firm HVK in the Netherlands. With this acquisition, Vistra strengthens its recently launched Family Office Services Division.
Founded in 2011 by a group of former PwC professionals, HVK is an independent consultancy firm in the areas of Tax Advice, Tax Structuring, Family Office Services, Legal & Notarial Services and Financial Advisory Services. The acquisition of HVK’s Family Office Services division enhances and supports Vistra’s recently launched Family Office Services Division which is focused on advising, implementing and managing group structures for the Family Offices of High Net Worth Individuals and Families. Apart from generating new and additional Family Office revenues, it is expected that the Family Office Services will generate new revenue streams for the traditional trust services of Vistra.
Commenting on the acquisition, Vistra Netherlands Managing Director and Global Head of Family Office Services, Sjaak ten Hove said: “We are delighted to welcome the skilled staff and the high profile network of HVK FOS into the Vistra Group. By bringing both companies together, we will be able to further extend our existing specialized service offerings to single and multi-family offices. The existing international network of HVK FOS could also be a logical starting point for a swift international expansion through selective add-on investments in existing Family Office Services practices.”
Jac Veeger, Director of HVK FOS, adds, “We will be joining one of Europe’s fastest growing corporate services groups, which will bring benefits and opportunities to our existing clients and staff. Since Vistra is a leading player in the High Net Worth Individuals and Families market segment, the combination of both companies will create a strong platform for further growth in the Family Office Services business.Our clients will be able to benefit greatly from the broader range of services and on the ground presence in other key jurisdictions of Vistra. Obviously, our clients will keep their existing contacts to ensure business continuity.”
Jac Veeger from HVK FOS will lead the Family Office Services division in the Netherlands, while Sjaak ten Hove will become Global Head of Family Office Services, alongside his current role as Managing Director for Vistra Netherlands. HVK FOS is expected to be rebranded under the Vistra umbrella during the first quarter of 2014.
About Vistra Group
Vistra is a global independent provider of trust, corporate and fund services. Our services include company formation and management, offshore incorporations, fund formation and administration, trustee services, family office, marine and aviation and accounting services. Vistra operates in 29 locations globally with a network spanning 20 jurisdictions. Clients can benefit from Vistra’s multi-jurisdictional approach, delivered by a team of professionals with an in-depth understanding of the often complex needs of every client.
Vistra is part of the OV Group, which includes Offshore Incorporations Limited Group (OIL), Asia’s leading company formation specialist and Vistra. The OV Group employs circa 750 professionals and is the 3rd biggest provider of trust and corporate services worldwide. For more information, please visit http://www.vistra.com.
Source: Vistra Group

Written by asiafreshnews

December 18, 2013 at 12:16 pm

Posted in Uncategorized

OKIDOKEYS to Unveil First Consumer Products Powered by OpenWays’ Mobile Key Technology at the 2014 International CES(R)

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— The world’s leading mobile key and access management solution provider selected by the major U.S and global hotel chains brings its proven and secure technology to consumers’ homes
LAS VEGAS, Dec. 17, 2013 /PRNewswire/ — OKIDOKEYS, part of OpenWays Group, today announces the launch of its first line of consumer products. OKIDOKEYS’ smart lock and key solution debuts at the 2014 Consumer Electronics Show (CES) in Las Vegas on Jan. 7, 2014, featuring a line of smart devices dedicated to home automation.
(Logo: http://photos.prnewswire.com/prnh/20131217/DE33570LOGO)
“The consumer smart Lock category is in its infancy, and we look to provide consumers with the best product on the market backed by a team having more than 100 years of access management and security experience,” said Pascal Metivier, founder and CEO of OpenWays. “OKIDOKEYS’ smart lock and smart key solution uses the same proven technology and security selected by the most demanding U.S and global hotel chains. We have worked hard to deliver a state-of-the-art product that provides consumers with a modern key management solution for their home. Using OKIDOKEYS, home owners can securely share or revoke a key to anyone at anytime from anywhere in the world.”
OpenWays technology provides hotel guests with a mobile key service that bypasses traditional hotel check in/out process. Guests proceed straight to their room upon arrival and securely open their room lock with any mobile phone, including non-smartphones. The provided service works with all mobile carriers worldwide. OpenWays uses highly secure encryption technologies, including AES 256-bit and 3D Secure login. These best-in-class security technologies are used to secure opening transactions and all related web-based transactions. The OpenWays solution involves a portfolio of intellectual property including 27 patents, design patents and pending patents.
See OpenWays’ mobile key technology in action on YouTube.
OKIDOKEYS smart locks are made to cost-efficiently enhance existing US ANSI grade 1 and grade 2 residential locks while the solution also perfectly applies to newly built homes. A European EN version of the product will also be available soon so all consumers around the world will able to enjoy OKIDOKEYS.
To offer the most practical opening device fitting each user’s preference, OKIDOKEYS’ smart locks are built on a unique multi-technology platform including: Bluetooth 4.0 (BLE), Near Field Communication (NFC), Radio Frequency Identification (RFID), Crypto Acoustic Credential (CAC) and OVN.
OKIDOKEYS will be located at CES Booth 74211 at The Venetian Las Vegas. To see the new product in action at the show, contact press@okidokeys.com. OKIDOKEYS will be available for purchase in Spring 2014 in the U.S. and other markets around the world.
For more information, visit http://www.okidokeys.com.
About OpenWays
OpenWays is the world-leading solutions provider of mobile-based access-management and security solutions. Located in the USA and in Europe, OpenWays provides technology solutions allowing for the secure issuance and delivery of access rights and keys processed via any the world’s 6.8 billion cell phones and smartphones operating on any network. The OpenWays and OKIDOKEYS teams combined have more than 100 years of experience in leadership positions with the world’s leading makers of access control systems and electronic locks. The OpenWays solution is truly unique as it is built on the concept of credential dematerialization. OKIDOKEYS is a company of the OpenWays Group.
Source: OKIDOKEYS

Written by asiafreshnews

December 18, 2013 at 11:56 am

Posted in Uncategorized