Asia Fresh News

Asia Fresh Stories

Archive for March 20th, 2014

Langham Hospitality Group Rewards Meeting Planners With “Double The Extra Mile” For Fourth Consecutive Year

leave a comment »

HONG KONG, March 19, 2014 /PRNewswire/ — Langham Hospitality Group presents the exclusive offer “Double the Extra Mile” to reward planners and organisers for the fourth consecutive year when they host qualified events at its participating properties. The offer is applicable for events booked between 1 April and 30 June 2014 and to be held within 1 July and 31 December 2014.
Devonshire Ballroom at The Langham, Chicago
Devonshire Ballroom at The Langham, Chicago
Available at all Langham Hospitality Group participating properties*, this global offer allows meeting and event planners to enjoy double takethelead points or earn up to 130,000 miles from any of the 11 selected frequent flyer / travel reward programme partners. Meeting and event planners can earn four reward points or two miles for every USD1 spent on qualified meetings and events. These rewards are exclusive for qualified events with revenue of USD6,500 onwards. More details on the offer may be found on langhamhospitalitygroup.com/doubletheextramile2014.
“At Langham Hospitality Group, not only do we offer extensive and innovative meeting solutions, we make sure all our guests’ meetings and events are successful,” said Simon Manning, vice president of sales and marketing for Langham Hospitality Group. “With ‘Double the Extra Mile,’ we want to extend our hospitality further by rewarding the meeting planners so they can continue to earn rewards and enjoy the privileges when they hold their meetings and events with us.”
takethelead is a dedicated online event platform that provides members with a one-stop, personalized service created to take care of every single detail of their event — including planning, logistics, dining and entertainment.
For booking and more information on takethelead rewards, please visit meeting.langhamhotels.com.
*Eaton Smart New Delhi Airport Transit Hotel is not a participating property in this promotion.
About Langham Hospitality Group
As the wholly-owned subsidiary of Great Eagle Holdings, Langham Hospitality Group encompasses a family of distinctive hospitality brands which include hotels, residential serviced apartments, restaurants and spas, located on four continents. The Group currently owns and/or manages 22 hotels under The Langham, Langham Place, Eaton and 88 Xintiandi brands with more than 30 hotel projects currently either confirmed or in a developed stage of negotiation from China through Asia and India to the Middle East. For reservations, please contact a travel professional or access the website at http://www.langhamhospitalitygroup.com.
Media contact:
Vivienne Gan
Vice-President-Public Relations
Langham Hospitality Group
Tel: +852-2186-2308
Email: vivienne.gan@langhamhotels.com
Source: Langham Hospitality Group

Written by asiafreshnews

March 20, 2014 at 5:39 pm

Posted in All releases

KMC MAG Group Sees a More Robust Metro Manila Property Sector

leave a comment »

MANILA, Philippines, March 19, 2014 /PRNewswire/ — With the Philippines’ fast-paced economic growth, Metro Manila’s office, residential, hotel, and retail markets will remain busy throughout the year according to the latest Metro Manila Property Outlook 2014 report by KMC MAG Group, an international associate of Savills [SVS:LN]. The shortage currently occurring in the office markets alone is expected to sustain activity — annual take up is expected to reach 400,000 sqm in the coming years, yet upcoming stock and vacancy rate within the central business districts (CBDs) remain low at 320,000 sqm and 4.1% respectively.
As the Philippines’ economic growth is fueled by strong private consumption and entry of global brands continues to increase, major local players such as SM Investments Corp. and Ayala Land Inc. continue to expand, keeping the retail sector active in the next few years. The hotel sector is also experiencing an increase in developments to facilitate the growing Philippine travel and tourism industry and Department of Tourism’s target of 10 million tourist arrivals in 2016. On the other hand, the residential sector continues to attract investments due to its capital appreciation and high yield (currently 7.4%), also sustaining activity in the coming years.
“At the forefront of the country’s economic expansion is the real estate market, which continued its robust performance in all property sectors,” said KMC MAG Managing Director Michael McCullough. “The main focus is still on less risky prime assets within the CBDs, but a rising interest has also been observed in developments in emerging districts, where developers are launching a large number of new projects.”
According to the report, the IT-BPO industry still plays a major role in the economy and real estate sectors of Metro Manila. The industry’s ferocious office space take-up and limited supply drove prime net rents up to 7.2% YoY in the last quarter of 2013. It also boosts activity in the residential sector, as it increases purchasing power of the middle-class sector (currently investing in subdivisions, townhouses, and condos) and demand for premium and high-end apartments from locals with high net worth and foreign investors and expatriates.
Some of the report’s highlights:
Makati is still the leading central business district in the office sector with an average rental growth of 8.5% YoY and average premium and Grade A office space rates at Php 1066 per sqm. and Php 759 per sqm. respectively (Figure 1).
BGC’s residential sector has the highest average net rental level among the three CBDs at Php 861 per sqm. with a 5.0% YoY growth (Figure 2).
Ortigas has the lowest average rental rate at Php 689 per sqm and YoY growth of 1.2%, but it has the lowest vacancy rate at 2.5% and highest yield, averaging at 7.5%.
KMC MAG Group 2014 Metro Manila Property Outlook report can be downloaded here: http://kmcmaggroup.com/research/
About KMC MAG Group
KMC MAG Group, Inc. is an award-winning real estate services firm headquartered in Bonifacio Global City, the fastest growing business district in Metro Manila. It is an international associate of Savills, one of the leading real estate firms in the world.
With over 100 employees involved directly in transactions for office, investments, retail, industrial & hotel locators, as well as residential properties, KMC is a full-service real estate firm and is widely recognized as the Best in Class Real Estate Agency in the Philippines. With services ranging from tenant representation, investments to property management, KMC MAG Group has successfully become the top local firm in the Philippine real estate services industry. For more information on the company, please visit kmcmaggroup.com
About Savills
Savills is a leading global real estate service provider listed on the London Stock Exchange. The company, established in 1855, has a rich heritage with unrivaled growth, with over 500 offices and associates throughout the Americas, Europe, Asia Pacific, Africa, and the Middle East. Savills’ unique combination of sector knowledge and entrepreneurial flair gives clients access to real estate expertise of the highest caliber. Savills is synonymous with high-quality service and premium brand, as it takes a long-term approach in real estate and invests in strategic relationships. For more information on the company, please visit savills.com
For more information about this release, please contact:
Yves Luethi, Vice President
KMC MAG Group, Inc.
Tel: +63-2-403-5519
Email: yves.luethi@kmcmaggroup.com
Source: KMC MAG Group, Inc.
Related stocks: LSE:SVS

Written by asiafreshnews

March 20, 2014 at 5:25 pm

CNH Industrial’s powertrain business wins Diesel of the Year 2014 for Cursor 16 engine

leave a comment »

— FPT Industrial’s super-efficient Cursor 16 has been named DIESEL OF THE YEAR® for 2014 by DIESEL magazine.

BASILDON, United Kingdom, March 18, 2014 /PRNewswire/ — The technological excellence of powertrain manufacturer FPT Industrial, a CNH Industrial brand, has been recognised with an important distinction. DIESEL magazine named the new 16-litre, six-cylinder, in-line Cursor 16 engine as the DIESEL OF THE YEAR® for 2014.

“Diesel magazine has been reporting on subjects related to the development, manufacture and use of diesel engines in Europe for over 20 years and this award serves to recognise the excellence in research and innovation at FPT Industrial,” said Massimo Siracusa, Vice President Product Engineering at FPT Industrial. “Our people have a strong passion for FPT’s mission and pride themselves on maximum quality and innovative solutions for customers. This new engine delivers on power and efficiency while adhering to required emissions legislation.”

Small in size, high in power output, the Cursor 16 has a best in class power-to-weight ratio and is one of the smallest engines in its range. Suitable for construction, agricultural and power generation applications, among others, the Cursor 16 represents the top level of the Cursor family, renowned for its reliability and flexibility. The engine uses FPT Industrial’s patented High Efficiency Selective Catalytic Reduction (HI-eSCR) technology, which has been researched, designed and developed in-house by FPT Industrial to comply with stringent Stage IV/Tier 4 Final and Euro VI emission regulations.

“The DIESEL OF THE YEAR® award is judged on technical innovation and design, with FPT Industrial’s Cursor 16 achieving this in the most exciting way: a 16-litre engine delivering 18-litre power in a 13-litre package. A compelling proposition and, in the words of FPT, a game changer,” affirmed Fabio Butturi, Chief Editor of Diesel magazine.

FPT Industrial is one of the few engine providers to have been awarded DIESEL OF THE YEAR® twice, following a previous win in 2008 for its 3.2-litre F5 engine, which is currently used for agricultural machinery from companies such as CNH Industrial, Carraro and Perkins.

CNH Industrial N.V. (NYSE: CNHI /MI: CNHI) is a global leader in the capital goods sector with established industrial experience, a wide range of products and a worldwide presence. Each of the individual brands belonging to the Group is a major international force in its specific industrial sector: Case IH, New Holland Agriculture and Steyr for tractors and agricultural machinery; Case and New Holland Construction for earth moving equipment; Iveco for commercial vehicles; Iveco Bus and Heuliez Bus for buses and coaches; Iveco Astra for quarry and construction vehicles; Magirus for firefighting vehicles; Iveco Defence Vehicles for defence and civil protection; and FPT Industrial for engines and transmissions. More information can be found on the corporate website: http://www.cnhindustrial.com

FPT Industrial is a company of CNH Industrial dedicated to the design, production and sale of powertrains for on and off-road vehicles, marine and power generation applications. The company employs approximately 8,000 people worldwide, in ten plants and six R&D Centres. The FPT Industrial sales network consists of 100 dealers and over 1,300 service centres in almost 100 countries. A wide product offering, including five engine ranges from 31 kW up to 740 kW and transmissions with maximum torque from 200 Nm up to 500 Nm, and a close focus on R&D activities make FPT Industrial a world leader in industrial powertrains. For further information, visit http://www.fptindustrial.com.

For more information from CNH Industrial, please contact:

Alessia Domanico
Tel: +44 (0)1268 292 992
Email: mediarelations@cnhind.com
http://www.cnhindustrial.com

For more information from FPT Industrial, please contact:

Marika Comino
Tel: +39 011 007 4055
Source: CNH Industrial

Written by asiafreshnews

March 20, 2014 at 4:57 pm

Posted in Uncategorized

FOUR – The World’s Best Food Magazine Announces Rising Stars Awards

leave a comment »

LONDON, March 19, 2014 /PRNewswire/ —
FOUR is delighted to announce its international Rising Star Awards, whereby four up-and-coming chefs from Latin America, North America, Europe and Asia & Australasia have been titled Rising Star 2014
Each region is headed up by an acclaimed judge; Andrea Petrini represents Europe; Alexandra Forbes represents Latin America; Mitchell Davies represents North America; Melinda Joe represents Asia & Australasia. Three regional panellists joined each judge, submitting a list of their selected 10 Rising Star chefs. Each list was submitted this year, crosschecked and whittled down to four names.
(Logo: http://photos.prnewswire.com/prnh/20140319/674950-a)
(Photo: http://photos.prnewswire.com/prnh/20140319/674950-b)
The Rising Stars
Asia & Australasia winner: Zaiyu Hasegawa, Jimbocho Den
Runners-up: Daisuke Kaneko, Haruhiko Yamamoto, Matt Abergel
North America winner: Sean Brock, Husk
Runners-up: Paul Qui, Danny Bowien, Nick Barker
Latin America winner: Alberto Landgraf, Epice
Runners-up: Rodrigo Oliveira, Pia Leon, Jorge Vallejo
Europe winner: Agata Felluga, Jour de Fete
Runners-up: Magnus Nilsson, Bertrand Grebaut, Isaac McHale
About Rising Stars Awards
Debuting this year, FOUR’s Rising Stars Awards are a pioneering celebration of the up-and-coming talent within international fine-dining.
As well as the four judges, a panel of three others support the choice of rising star within each region. Each panellist has submitted a list of ten Rising Stars, which has been whittled down to produce a list of each region’s four winning Rising Star chefs.
About Rising Stars Judges
Andrea Petrini: Chairman of World’s 50 Best, creative director of Cook it Raw, co-director of Paris des Chefs, and experienced food writer.
Panellists: Anna Morelli, Severin Corti, Mattias Kroon
Alexandra Forbes: Brazil-born food and travel writer and food editor at GQ Brasil.
Panellists: Marcela Baruch, Ivanova Gambus, Dr. Luiz Kimura
Mitchell Davis: Executive Vice President of James Beard Foundation, experienced food, restaurant and travel writer and cookbook author.
Panellists: Bonnie Stern, Andrew Knowlton, Kate Krader
Melinda Joe: Tokyo-based food and drinks journalist, and contributor to CNNGo and Japan Times.
Panellists: Izumi Shibata, Michael Ryan, Poonperm Paitayawat
Rising Stars Criteria
Chefs: aged 35 or under on 17 January 2014; in the position less than five years and in the region for at least two years (may not be natives).
Panellists have visited restaurant within the last 12 months.
The Rising Stars are determined by a points scheme. Each panellist gives chefs’ points to determine their position.
Find out more at http://www.four-magazine.com/risingstars.
Contact Sophie Cater:
sophie@four-magazine.com
+44(0)20-8947-5511
Source: FOUR – The World’s Best Food Magazine

Written by asiafreshnews

March 20, 2014 at 4:56 pm

Oikocredit Delivers Solid Financial Results

leave a comment »

AMERSFOORT, The Netherlands, March 19, 2014 /PRNewswire/ — Social investor and worldwide cooperative, Oikocredit, recorded another set of solid results for the full year ended 31 December 2013.
Throughout the year, Oikocredit continued its strategic investments in Africa, agriculture and inclusive finance, whilst looking to develop into other sectors.
Net inflow of lendable funds reached a record of EUR 80 million, up 74% from EUR 46 million in 2012.
Total investors grew to 52,000 from 48,000 in 2012, reaffirming the worldwide support for social investing.
Oikocredit’s operating revenue was up in 2013, however the net consolidated result of EUR 13.4 million was down from 2012 due to a revaluation of the term investment portfolio.
The result in 2012 had been boosted by gains in the term investment portfolio and the sale of two equity holdings.
A proposed dividend of EUR 11.6 million will be paid to shareholders following the annual general meeting in June 2014.
Oikocredit managing director, Mr David Woods, said he was pleased with Oikocredit’s 2013 financial results.
“Our overall result shows solid growth in our development financing portfolio,” said Mr Woods.
“In 2013, we increased our inflow of funds, loan approvals as well as disbursements and improved the overall quality of the portfolio,” added Mr Woods.
The development financing portfolio grew to EUR 591 million, an increase of 11% from EUR 531 million in 2012.
Loan approvals reached EUR 297 million, up 27% from EUR 234 million in 2012 and disbursements increased 40% to EUR 306 million, up from EUR 218 million the previous year.
Oikocredit increased total investments in equity, including commitments to EUR 66 million, up 7% from EUR 62 million in 2012.
Throughout 2013, Oikocredit remained committed to improving its social performance and support for partners through capacity building initiatives which were conducted worldwide.
Throughout the year, Oikocredit provided EUR 3 million in capacity building funds, approving over 130 support initiatives and strengthening its mentoring programme.
In 2014, social performance will remain a priority, with a focus on longer-term programmes for microfinance and agricultural value chains.
Mr Woods said Oikocredit is committed to growing a quality portfolio, with a triple bottom line of social, environmental and financial returns.
“Going into 2014, we are well positioned to diversify our portfolio and strengthen our investments in agriculture and renewable energy to grow in line with our social mission,” said Mr Woods.
Oikocredit is a worldwide cooperative and social investor, providing funding to the microfinance sector, fair trade organizations, cooperatives and small to medium enterprises.
Source: Oikocredit International

Written by asiafreshnews

March 20, 2014 at 4:48 pm

Revolution Analytics Partners Fusionex to Provide the R-Factor for GIANT

leave a comment »

LONDON, March 18, 2014 /PRNewswire/ — Fusionex, a multi-award winning software provider specialising in Analytics and Big Data, and Revolution Analytics, a world-class provider of enterprise R in the Big Data space, announced a significant technology partnership to make R-based predictive analytics more accessible and scalable for enterprises via Fusionex GIANT. This strategic partnership will see synergistic cross-referrals between the parties which will increase the exposure to available clientele. By integrating and combining the production-ready Revolution R Enterprise programming platform with Fusionex’s flagship Big Data Analytics product (GIANT), organisations will be able to obtain faster and more accurate predictive analytics whilst avoiding or reducing the time and cost impacts of the complexity surrounding ‘R’ and Big Data.

What is R?

R is world’s most widely used statistics programming language. It’s the # 1 choice of data scientists and supported by a vibrant and talented community of contributors. R is taught in universities and deployed in mission critical business applications.

How does Enterprise ‘R’ fit into ‘GIANT’?

GIANT’s integration with ‘R’ opens the door to a much wider audience where GIANT intends to simplify the entire user experience not only for data scientists familiar with ‘R’ but also for end-users who don’t have ‘R’ skills. GIANT will encapsulate Revolution ‘R’ and provide last-mile Big Data solutions and comprehensive advance analytics which will benefit end-customers and end-users from a cost, ease-of-use and value perspective.

Moving forward, the partnership between Revolution Analytics and Fusionex will see businesses given the opportunity to utilise Hadoop and ‘Enterprise R’ through GIANT, coupled with the requisite highly scalable processing and distribution capabilities to handle vast amounts of structured and unstructured data in a user-friendly manner.

Fusionex’s GIANT as well as its expertise in Big Data Analytics makes it possible to simplify the usage of Hadoop to derive business value from virtually any Data, transforming data into useful information and actionable insights. Revolution Analytics’ R Enterprise in turn brings to Fusionex a powerful programming suite to broaden R adoption for big data analytics.

Via this new partnership, data scientists and users alike will be able to leverage on the user-friendly environment provided by Fusionex GIANT to build and derive R-based analytics, with the scalability of Revolution Analytics’ R Enterprise being an asset towards the partnership.

Both companies view this as a key strategic partnership where Fusionex will be able to leverage on Revolution Analytics’ comprehensive predictive analytics capabilities, whilst Fusionex’s increasingly strong foothold in the Asia Pacific and other regions will see Revolution Analytics’ exposure increase significantly. Both companies will expect to see cross referrals and a wider clientele and this move is a poignant one, taking place in line with Fusionex’s earlier highlighted plans to establish its partner channel network.

“Modern day businesses are constantly searching for user-friendly yet powerful advance analytics to improve their businesses,” said Edward Lim, Fusionex Regional Director for Asia Pacific. “Revolution’s ‘R’ is a leading, widely recognised statistics and advance analytics programming platform, and that is why we chose to work with Revolution. We are thrilled with this newfound Fusionex-Revolution Analytics partnership, which we are confident will increase the understanding of the vast capabilities of predictive analytics among our joint customers. Importantly, we want to simplify the entire user experience and make this available via GIANT and this partnership.”

“Big Data requires Big Analytics. It is a radically new way of performing analytics which breaks the legacy methods [including infrastructure and software] built 40 years ago that were not meant for Big Data. Revolution R Enterprise (RRE) is a modern platform based on the popular R language which is considered to be the standard for analytics today,” said Laurence Liew, GM (APAC), Revolution Analytics. “Fusionex’s regional leadership in Business Intelligence and Big Data Analytics lends itself as an excellent partner of Revolution Analytics. We are very excited with this partnership and are confident that it will accelerate the adoption of Revolution and Fusionex’s products and solutions in the region.”

About Revolution Analytics

Revolution Analytics is a leading commercial provider of software and services based on the open source R project for statistical computing. Headquartered in Mountain View, California, the company brings big data scalability, performance, and cross-platform enterprise readiness to R, the world’s most widely-used statistics software. The company’s flagship Revolution R Enterprise software is designed to meet the production needs of leading organizations in data-driven industries including finance, retail, manufacturing, and digital media. Used by over 2 million data scientists in academia and at cutting-edge organizations such as Google, Bank of America and the US Food and Drug Administration, R is the standard of innovation in statistical analysis.

About Fusionex

Fusionex (LSE: FXI) is a multi-award winning provider of enterprise business software through its Big Data Analytics (GIANT), Business Intelligence (BI) and core transactional engine (CTE) products. Committed to its clients’ success, Fusionex helps its clients manage and derive value from their data through innovative products and solutions. Fusionex’s products and solutions are ideal for companies seeking high performance, superior level yet user-friendly and intuitive solutions. Fusionex’s flagship Big Data product GIANT is a modern big data analytics product that helps organisations simplify the entire Big Data experience, affording customers to process structured, semi structured and unstructured data across virtually any hardware and any device in an optimised, efficient and user-friendly manner.

To learn more about Fusionex, visit http://www.fusionex-international.com.
Source: Fusionex
Related stocks: LSE:FXI

Written by asiafreshnews

March 20, 2014 at 4:15 pm

Posted in Uncategorized

India, China and Other Emerging Markets Key Prospects for Interventional Cardiac Device Manufactures

leave a comment »

— Frost & Sullivan: Manufacturers must expand capabilities and capacity through strategic partnerships in order to fulfill demand

MOUNTAIN VIEW, Calif., March 18, 2014 /PRNewswire/ — A high degree of unmet clinical needs, the rising prevalence of ailments such as coronary artery diseases and hypertension, as well as increasing disposable incomes are creating robust opportunities for emerging interventional cardiac devices in emerging countries. Although the U.S. and European markets will witness the highest growth, device manufacturers must focus on developing economies such as India and China, where the market is growing between 12 and 15 percent per annum.

New analysis from Frost & Sullivan’s analysis on The Global Emerging Interventional Cardiac Devices Market finds the market earned revenue of $1.49 billion in 2013 and estimates this to reach $6.93 billion in 2020. The analysis covers devices for the following segments: transcatheter heart valves, renal denervation, bronchial thermoplasty, bioresorbable stents, and fractional flow reserve.

For complimentary access to more information on this research, please visit: http://bit.ly/1gvzpiG.

“Cardiac disorders, including atrial septal aneurysm and patent foramen ovale that have been recognized as possible risk elements for ischemic stroke, are evolving into potential markets for interventional cardiac devices worldwide,” said Frost & Sullivan Advanced Medical Technologies Research Analyst Swathi Allada. “Many companies have already forayed into this sector with products cleared under Food and Drug Administration humanitarian device exemptions.”

However, as with any emerging technology, the shortage of specialists restrains the use of interventional cardiac procedures. The current workforce in cardiology is insufficient to meet the escalating need across the globe. To resolve this challenge, official training programs have been set up by various academic institutions as well as companies like Edwards Lifesciences and Medtronic.

The development of these products will likely shape the overall interventional cardiology market, and the successful adoption of these emerging products will result in significant market growth rate.

Complex purchasing systems also hinder the adoption of interventional cardiac devices, particularly in Asia-Pacific (APAC). In this increasingly competitive market, APAC countries face an alarming rise in cardiovascular disorders and account for half of the global burden of diseases. This situation will likely worsen during the next few years, as the region has an ageing population with an increasingly unhealthy lifestyle.

Another challenge peculiar to the region is caused by heavy subsidization of healthcare by governments. Lower costs heighten hospitalization rates, and, in turn, healthcare costs, severely impact the economy and the market.

“Nevertheless, the urgent requirement to decrease hospital stay times is driving minimally invasive interventional procedures, which ensure quick recovery and lower risk of complications,” noted Allada. “As minimally invasive interventional cardiac procedures become the solution of choice among patients and the medical fraternity, demand for interventional cardiac devices will grow.”

Acquiring added capabilities and expanding capacity through long-term strategic partnerships will be crucial for device manufacturers. Repositioning product and service offerings to enhance value for clients will help strengthen their foothold in this dynamic landscape.

The Global Emerging Interventional Cardiac Devices Market is part of the Advanced Medical Technologies (http://www.medtech.frost.com), Growth Partnership Service program. Frost & Sullivan’s related studies include: Disinfection and Sterilization Equipment Market Trends in Asia-Pacific, US Hand Hygiene Market, 2013 Global Medical Devices Outlook, and Endoscopy Devices Market in Australia, South Korea, and Southeast Asia. All studies included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.

Connect with Frost & Sullivan on social media, including Twitter, Facebook, SlideShare and LinkedIn, for the latest news and updates.

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

The Global Emerging Interventional Cardiac Devices Market
ND01-54

Contact:
Jennifer Carson
Corporate Communications – North America
P: +1.210.247.2450
E: jennifer.carson@frost.com

LinkedIn: Transform Health Group
Twitter: @Frost_Sullivan
Facebook: Frost & Sullivan

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

Written by asiafreshnews

March 20, 2014 at 1:14 pm

Posted in Uncategorized

Nabors Mourns the Loss of Former Chairman and CEO Eugene Isenberg

leave a comment »

HAMILTON, Bermuda, March 19, 2014 /PRNewswire/ — Nabors Industries Ltd. (NYSE: NBR) announced today that former Chairman and CEO Eugene Isenberg passed away on March 16. Isenberg served as Chairman of the Board of Directors and Chief Executive Officer from 1987 until late 2011. During his 25-year tenure, Isenberg grew Nabors from bankruptcy to an S&P 500 index company with an enterprise value exceeding $9 billion.
“Our thoughts and prayers go out to Gene’s wife, Ronnie; his two daughters, Diane and Lynda; his beloved grandchildren and his entire family,” said Chairman and CEO Anthony G. Petrello. “Gene was a pioneer for Nabors in many ways. He was very forward-thinking and all of our employees are grateful for his leadership. He was responsible for establishing the principles that steered the company from a minor player to the largest land driller in the world, a feat more remarkable since it was accomplished during one of the most challenging periods in the inherently cyclical drilling industry. His financial acumen, drive, aggressiveness—and humor—were all legendary. He was a teacher to many. His quests to succeed and his demands to perform stretched everyone, motivating them to meet his high expectations. His legacy includes the vibrant company made up of 29,000 highly skilled people that we have today.”
Isenberg received a bachelor’s degree from the University of Massachusetts, a master’s degree from Princeton University and completed the Program for Senior Executives at MIT. He began his career with Exxon Corporation in 1952 and subsequently was Chairman and principal shareholder of a steel building products company prior to joining Nabors.
In 1974, New York-based Anglo Energy acquired control of Nabors Drilling. After a decade of ownership, a decline in the economy and a depressed oil and gas energy market forced Anglo into bankruptcy. Isenberg and the well-known value investor, Marty Whitman, acquired a sizable position in the company in 1986 and subsequently convinced creditors to trade debt for equity, strengthening the company’s financial position. They took control of the company and changed the name from Anglo to Nabors, a brand that enjoyed a strong reputation in Alaska and Canada.
In 1987, Nabors was an Alaska-based driller with 320 employees. Through a combination of well-priced strategic acquisitions and internal growth, the Company grew to where it is now – a leading worldwide service company with operations in 25 countries.
Outside of Nabors, Isenberg served as a member of the Board of Governors of the National Association of Securities Dealers (NASD), the National Association of Securities Dealers Automated Quotation (NASDAQ), and the American Stock Exchange. He was also a member of the National Petroleum Council, which advises the U.S. Secretary of Energy.
Isenberg often noted that his success far surpassed any expectations he had when he was younger. He, therefore, offered philanthropic support to causes he believed in, particularly education, medicine and the performing arts. Isenberg was a particularly strong advocate of education, often making resources available to those unable to afford or access quality education. He held leadership positions in numerous educational and philanthropic organizations. He was President of the UMASS (University of Massachusetts) Amherst Foundation where he endowed three professorships in environmental science, technology management and engineering. The UMASS Isenberg School of Management was named in recognition of these contributions, as well as significant other contributions he made toward facilities and scholarships.
Isenberg and his wife were instrumental in the founding and support of the Parkside School in New York, which provides special education to elementary school children from diverse ethnic, social and economic backgrounds who have a range of language-based learning difficulties. He was also a contributor to Massachusetts General Hospital, LIFE Disabled American War Veterans, Columbia University Medical School, Palm Beach Opera and numerous other charitable and performing arts organizations.
Most recently, he founded the Isenberg Education Fund which provides educational scholarships to Nabors employees and their families. To date, that fund has provided support to more than 300 Nabors employees and their families.
About Nabors Industries
Nabors owns and operates the world’s largest land-based drilling rig fleet and has one of the largest completion services and workover and well servicing rig fleets in North America. Our company is a leading provider of offshore platform workover and drilling rigs in the U.S. and multiple international markets. Nabors provides innovative drilling technology and equipment, directional drilling and comprehensive oilfield services in most of the significant oil and gas markets in the world.
Media Contact:
Denny Smith, Nabors, +1-281-775-8038
Source: Nabors Industries Ltd.

Written by asiafreshnews

March 20, 2014 at 12:11 pm

Posted in All releases

Frost & Sullivan Honors Quintiq for Meeting the SCP&O Needs of Diverse Industries through a Single Software Platform

leave a comment »

– Quintiq’s organic growth has enabled congruence in its technology platform, allowing it to provide several supply chain modules over the same platform

MOUNTAIN VIEW, California, March 18, 2014 /PRNewswire/ — Based on its recent analysis of the supply chain planning and optimization (SCP&O) software for process industries, Frost & Sullivan recognizes Quintiq with the 2014 Global Frost & Sullivan Award for Customer Value Leadership. Quintiq’s unique value proposition lies in bundling all the components required to plan, schedule and optimize processes for any potential business model on a single software platform. The flexible core architecture enables clients across a wide range of industries to solve their planning and optimization issues, using industry-specific modules.

To download the full report click here.

“Most large-sized SCP&O solution providers address operational complexities across several industries; however, they often miss the nuances and industry applications unique to process industries,” said Frost & Sullivan Senior Industry Analyst Naveen Kumar Ramasamy. “Quintiq plugs this gap with Quintiq 5.0.”

The Quintiq software platform was initially developed to meet the planning and scheduling needs in the metals industry and slowly expanded into other verticals, such as chemicals, petrochemicals, oil and gas, mining, logistics, air services, and food and beverages. Now it possesses cross-industry expertise and utilizes best practices through implementation across several geographic regions.

From the conceptual standpoint, although Quintiq’s product bundling strategy looks simple, it possesses a unique architecture that balances tailor-made and commercial off-the-shelf requirements. The three-layer architecture contains a standard application suite that tackles all relevant client needs. Quintiq leverages several algorithms for linear/integer programming, constraint programming, graph algorithms, path optimization algorithms and also developed its QUILL solution that is used to model heuristic algorithms and combine algorithms.

From the technological standpoint, the Quintiq 5.0 application suite bundles several components that are well integrated with each other. The 3-tier client/server architecture consists of several components tied to transmission control protocol/Internet protocol (TCP/IP) connection.

Quintiq implements the solution in different combinations of components. Based on the complexity of the customer’s needs, the platform could involve just a basic architecture that involves only thin client and thin client engine, a Web-based application architecture to run with browsers, a distributed architecture to handle several users, or a multi-dataset architecture that handles distributed datasets from different servers.

“Quintiq maintains a high degree of flexibility between standardization and customization, with its architecture built in a way that the platform can be customized without any disturbance to the underlying layers,” noted Kumar. “In addition, it has built specific templates for each industry, with special rules for individual customers.”

Quintiq manages customer engagement through several customer service programs such as the Quintiq Academy, which offers virtual learning to customers, partners, and employees; a value scan program to assess whether customers are reaping the full benefits of Quintiq software; a system health check program to detect potential problems and solve them proactively; and a hypercare program to provide extra support during implementation or after go-live. All of these services increase customer engagement and make customers’ experiences with Quintiq even more satisfying.

The strong value proposition supported by robust software architecture and deep industry domain expertise has enabled the company to grow by nearly 40 percent year on year. It also expanded its global footprint with its strong customer product life-cycle services.

Quintiq’s success establishes its deep understanding of the process industry. The company’s ability to respond rapidly to market needs is evident from its offer of comprehensive customer support services, which enable customers to adapt to changing market requirements. Furthermore, Quintiq has included additional features that keep customers abreast of the latest trends.

“The company’s stellar value proposition, supported by strong software architecture that balances standard and customized requirements, has allowed it to build a significant, satisfied customer base across diverse process industries in different parts of the world,” observed Kumar. “With a comprehensive customer support services program, Quintiq enables its customers to reap high returns on investment.”

Each year, Frost & Sullivan presents this award to the company that has demonstrated excellence in implementing strategies that proactively create value for its customers with a focus on 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.

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 Quintiq

Every business has its supply chain planning puzzles. Some of those puzzles are large. Some are complex. Some seem impossible to solve. Since 1997, Quintiq has been solving each of those puzzles using a single supply chain planning & optimization software platform. Today, approximately 12,000 users in over 80 countries rely on Quintiq software to plan and optimize workforces, logistics and production. Quintiq has headquarters in the Netherlands and the USA, and offices around the world.

For more information, visit http://www.quintiq.com or follow Quintiq on Twitter, Facebook, LinkedIn and YouTube.

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: +1-210-247-3870
F: +1-210-348-1003
E: mireya.espinoza@frost.com
Source: Frost & Sullivan

Written by asiafreshnews

March 20, 2014 at 11:59 am

Posted in Uncategorized

Survey of Senior Business Leaders Reveals Ongoing Deficit of Job-Ready MBA Grads

leave a comment »

CAMBRIDGE, Massachusetts, March 19, 2014 /PRNewswire/ —
Hult International Business School Report Highlights Business Schools’ Failure to Modernize in Response to Technological, Economic, and Societal Change
Hult International Business School today released a report entitled “The Future of Business Education & the Needs of Employers.” Hult Labs, the school’s internal think tank, interviewed 90 c-suite executives from global Fortune 500 companies to discuss their perspectives on traditional MBA programs and whether MBA programs equip graduates with the requisite practical skills to make a meaningful impact for their employers. Interviewees expressed overwhelmingly that, despite efforts to modernize MBA programs, business schools continue to do a poor job preparing students to enter the workplace, largely because they do not adequately measure the skills and behaviors that prove most useful for evaluating talent and predicting success.
“Despite employer needs for more graduates with better skills and abilities, business schools are clearly still behind the curve in producing these graduates,” said Hult President Stephen Hodges. “While much has been written about the need for business education to modernize in the face of 21st century change, not much actual change has occurred. Some programs have introduced new course topics and a renewed emphasis on practical skills, but a fundamental rethinking of how student abilities are measured and meaningfully improved during an MBA needs to occur for business schools to stay relevant”.
Interviewees referenced the following shortcomings in their critiques:
Business schools make their learning experience too structured, which prevents them from developing students who are able to tackle tomorrow’s challenges.
Business schools continue to overemphasize theory, and should instead concentrate on providing real-world experiences.
Business schools don’t emphasize ten critical skills and abilities – self-awareness, integrity, cross-cultural competency, team skills, critical thinking, communication, comfort with ambiguity and uncertainty, creativity, execution, sales.
Business schools don’t measure student progress or ability on these skills accurately or rigorously enough.
For the leaders of Hult International Business School, the report affirms the drastic need for an overhaul of the traditional MBA curriculum. As a result, Hult will introduce its own completely reimagined MBA experience in September 2014.
For more information on the report, visit http://www.hult.edu/labs
Hult Labs is a research think tank that delivers thought leadership on the future of business education to stakeholders of Hult International Business School.
Contact: Michael Lu, Michael.Lu@Hult.edu

Written by asiafreshnews

March 20, 2014 at 11:35 am

Posted in All releases