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Archive for April 29th, 2014

Singapore’s new business formation for 1st quarter 2014 shows an 11.7% increase

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Janus Corporate Solutions has released its first quarter report for 2014 providing statistical information of business formations in Singapore.

SINGAPORE, April 29, 2014 /PRNewswire/ — Janus Corporate Solutions has reported on the first quarter business formation report revealing an extremely busy business scene in Singapore, with a total of 16,190 new businesses formed. There is an increase of 14.4% against the first quarter business formations in the preceding year. The robust growth in numbers echoes the gradual recovery of the western market and the local market’s surging confidence.

Singapore, with its strong business friendly fundamentals and its strategic location amidst the burgeoning Asian markets, continues to attract foreign investors and enterprises to set up business operations in Singapore. There is a sharp spike in the number of private limited company registrations where it has increased by 10% in Q1 2014 against the previous quarter. The Year-on-Year growth rate is also significantly higher at 11.1%. 32% of the new business formed in Q1 2014 have foreign shareholders, fortifying the strong reputation of Singapore as an efficient regional hub for international businesses. Although the share of business with foreign shareholders has declined marginally, it has recorded a significant rise in terms of absolute numbers.

While new business formations continue to be predominantly from wholesale trade and financial services sectors, the new business formations in IT and the retail sector have registered a marginal growth in their shares. The government’s drive to promote productivity and innovation appears to fuel the growth in the IT sector, and the strong domestic spending of the consumers buoys the retail sector.

Commenting on the continued robust growth in business formation, Ms. Jacqueline Low, Chief Operating Officer of Janus Corporate Solutions, stated: “The significant growth, both in terms of QoQ and YoY, is in line with the gradual recovery of the global economy. The west is reversing its recessionary trend, and though marginal, the recovery is sustained and there are signs of continued growth. This recovery has increased the confidence of investors and entrepreneurs, which is evident from the sharp rise in the number of new businesses formed in the first quarter of the year. The strong support of the government is encouraging local entrepreneurship and the continued strong share of local business registration is a testament to that. Singapore is constantly reviewing its business quotient; it has an attractive tax structure, extensive trade agreements and world-class infrastructure, along with an open and resilient economy, which provide strong fundamentals for business growth. Barring any inclement economic turmoil, we remain very positive for the rest of the year.”

For the Report please refer to Q1 2014 Singapore Business Formation Statistics Report.

About Janus Corporate Solutions Pte Ltd
Janus Corporate Solutions is a leading Singapore-based corporate services firm that provides quick and cost-effective Singapore company formation, immigration, accounting and tax filing services to businesses and entrepreneurs worldwide. For more information, please visit our website: http://www.GuideMeSingapore.com.
Source: Janus Corporate Solutions

Written by asiafreshnews

April 29, 2014 at 5:25 pm

APLF’s Materials, Manufacturing & Technology (MM&T) 30th Anniversary Comes To a Successful Close And Nets More Buyers And Exhibitors

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HONG KONG, April 25, 2014 /PRNewswire/ — APLF’s Materials, Manufacturing & Technology 30th Anniversary drew more exhibitors and buyers at its 30th anniversary edition held from 31 March to 2 April at the Hong Kong Convention & Exhibition Centre.
Brasil Beyong Concept – Graffiti on Leather
Brasil Beyong Concept – Graffiti on Leather

Brazilian Pavilion Inauguration
Brazilian Pavilion Inauguration

Business Discussion
Business Discussion

Indian Pavilion
Indian Pavilion

1,213 exhibitors from 50 countries and regions showcased their latest products at MM&T this year including 97 first-time exhibitors from Argentina, Brazil, Mainland China, Colombia, Finland, Germany, Hong Kong, India, Italy, Japan, Korea, Mexico, Pakistan, Portugal, Spain, Taiwan, Thailand, Turkey, Uruguay, UK and USA.

This year’s MM&T hosted a total of 18,895 visitors including 14,848 international buyers from 93 countries and regions. 8,174 buyers from outside of Mainland China and Hong Kong visited the fair this year, representing an impressive increase of 8.73% in comparison to last year. The positive outcome of the fair reinforced MM&T’s position as “The Meeting Place for the Global Leather Industry”.

Brazil was the Focus Country at MM&T this year and 38 Brazilian companies exhibited at the fair. Representatives from Brazil, supported by CICB and Apex-Brasil, presented several seminars at the Leather Forum on subjects such as traceability, environment and sustainability by leading experts from the industry. In addition, there was the Design na Pele (Leather & Design) exhibition illustrating beauty and flexibility as characteristics of leather can be brought out when in the hands of truly creative designers.

The release of the Brasil Beyond Concept also drew people’s attention at APLF MM&T, especially due to performances like live graffiti on leather articles, which took place in the Brasil Beyond exclusive stand. The new communication campaign of the Brazilian Leather Project and the launch of the new edition of Brazilian Leather Book were also some of the highlights of the nation’s participation at APLF – MM&T.

The Council for Leather Exports (CLE) from India also participated at this year’s MM&T and showcased products from 57 Indian companies. A wide-range of finished Leather, leather garments, fashion accessories & small leather goods were displayed by participating companies.

What buyers said:

Billy Tapp, Justin Brands, USA: “Word of mouth drove me to attend APLF-MM&T. I was amazed with numbers of national pavilions and pleased to see all the materials and finished products displayed under one roof.”

Harvijay Bahia, Hits Exports, India: “My first visit at APLF and I am delighted to see this most universal fair with many international exhibits. I will definitely be coming back.”

Dick Hauber, Managing Director, Netraco, Amsterdam: “I have been here for 25 years and APLF is always the best place for getting inspirations for trends.”

What exhibitors said:

Fabricio Zwetsch, America Leather, Brazil: “APLF MM&T is an event that traditionally holds a very successful position in terms of business. The marketing activities as a part of the Brazil Focus Country initiative provided potential clients with more visibility and understanding of leather from Brazil. It’s a good initiative for us in order to open new markets and meet new clients”.

Toryal SA, Maximilian Christ, Uruguay: “We do sheep skin and mainly target Chinese factories at APLF. We are happy to see many relevant buyers and build up new connections.”

Jacques Rostaing, Rostaing Tannery, Vietnam: “We specialise in finished leather and mainly sell to handbags manufacturers. The Asia market is our key focus and we believe MM&T is the best platform for us to achieve this on.”

Thanate Eravaddeekul, Thai Tanning Co., Ltd, Thailand: “We have been with the Thailand pavilion for years and the prospects we find here always encourage me to come back year-on-year. Hong Kong is still the most important meeting place compared with China.”

The next edition of Materials, Manufacturing & Technology (MM&T) will take place 30 March – 1 April 2015 at Hong Kong Convention & Exhibition Centre. Visit http://www.mmt.aplf.com to find out more.

Notes to Editors

About APLF Limited
APLF Ltd is a joint venture between SIC Group and UBM Asia. For over two decades, Hong Kong-based APLF Ltd has been providing the global leather and fashion industries with its most important meeting and trading place.

About SIC Group
SIC Group has been organising international professional events since 1926 for companies working in the leather sector. Its role is to support businesses in their development and offer them work platforms in areas of the world with high potential. With nine shows organised each year, SIC Group and its partners can take advantages of expertise that is unique in the world.

About UBM Asia (www.ubmasia.com)

Owned by UBM plc listed on the London Stock Exchange, UBM Asia is Asia’s leading exhibition organiser and the biggest commercial organiser in mainland China, India and Malaysia. Established with its headquarters in Hong Kong and subsidiary companies across Asia and in the US, UBM Asia has a strong global presence in 25 major cities with 30 offices and over 1,400 staff.

With a track record spanning over 30 years, UBM Asia operates in 21 market sectors with 160 dynamic face-to-face exhibitions, 75 high-level professional conferences, 28 targeted trade publications, 18 round-the-clock vertical portals and virtual event services for over 1,000,000 quality exhibitors, visitors, conference delegates, advertisers and subscribers from all over the world. We provide a one-stop diversified global service for high-value business matching, quality market news and online trading networks.

UBM Asia has extensive office networks in China, Southeast Asia and India, three of the world’s fastest growing B2B events markets. UBM China has 11 offices in the major cities in mainland China, including Beijing, Shanghai, Guangzhou, Hangzhou, Guzhen and Shenzhen, where we organise more than 70 exhibitions and conferences. In ASEAN, UBM Asia operates from its offices in Malaysia, Thailand, Indonesia, Singapore, Vietnam and the Philippines with over 60 events in this region. UBM India teams in Mumbai, New Delhi, Bangalore and Chennai organise 20 exhibitions and 60 conferences every year across the country.

About UBM plc (www.ubm.com)

UBM plc is a global events-led marketing services and communications company. We help businesses do business, bringing the world’s buyers and sellers together at events and online, as well as producing and distributing news and specialist content. Our 5,500 staff in more than 30 countries are organised into expert teams which serve commercial and professional communities, helping them to do business and their markets to work effectively and efficiently.

For more information, go to http://www.ubm.com; follow us on Twitter at @UBM_plc to get the latest UBM corporate news; follow @UBM for news and updates from across the businesses and selected members of UBM’s Twitter.

For fair details, please contact:

Ms Perrine Ardouin, Director
Email: Perrine.Ardouin@ubm.com

For media enquiries, please contact:

Mr Mander Huang, Marketing Manager
Email: Mander.Huang@ubm.com

Ms Chi-On Kwok, Assistant Marketing Communications Manager
Email: Chion.Kwok@ubm.com

APLF Limited
17/F China Resources Building,
26 Harbour Road, Wanchai, Hong Kong
Tel: +852-2827-6211
Fax: +852-2827-7831
Source: APLF Limited

Written by asiafreshnews

April 29, 2014 at 2:35 pm

Posted in Uncategorized

AmCham Singapore Celebrates the Successes of the U.S.-Singapore Free Trade Agreement

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SINGAPORE, April 25, 2014 /PRNewswire/ — The American Chamber of Commerce in Singapore (AmCham) celebrated the successes of the United States-Singapore Free Trade Agreement (USSFTA) at its 41st Annual General Meeting earlier today. Singapore’s Chief Negotiator for the USSFTA Ambassador Tommy Koh and United States Ambassador to Singapore Kirk Wagar addressed the assembled members and guests. The speakers highlighted the importance of the agreement for both partner nations and its ground-breaking role inspiring the ongoing Trans-Pacific Partnership negotiations.

The USSFTA entered into force in 2004. Ambassador Koh noted, “I am happy to join the celebration of the 10th anniversary of the USSFTA. The agreement has been a great success for both countries. It has also served as a template for the USA’s subsequent negotiations with Asian countries and for the TPP.”

Ambassador Wagar concurred, “The 2004 implementation of the U.S.-Singapore FTA was a critical milestone not just for our two countries, but for the region as a whole, showcasing how a high-standard FTA implemented in a spirit of partnership can truly result in a mutually beneficial outcome. It was called a gold-standard agreement when it was implemented, and 10-years later it has proven to be deserving of that nomenclature.”

The United States Ambassador to Singapore during the period of the USSFTA’s negotiation, Franklin Lavin, provided his perspective on the USSFTA’s clear accomplishments and ongoing successes. “The U.S.-Singapore Free Trade Agreement was enormously helpful in encouraging U.S. companies to take a serious look at Southeast Asia. It reinforced the view that Singapore was a steady friend, an attractive market, and a useful platform for regional activity,” said Ambassador Lavin.

The day’s celebrations marked a decade of increased business and investment between Singapore and the United States. The United States is Singapore’s third largest trading partner and largest foreign investor.

AmCham Executive Director Judith Fergin added, “For over a century, American businesses have been a part of Singapore’s remarkable growth and development. The USSFTA opened exciting new avenues for U.S. firms’ trade and investment engagement here and also stimulated the rapidly growing presence of Singaporean companies in the U.S. market. The results are commercial relations that are stronger than ever and growth prospects that have never been brighter.”

Background

The American Chamber of Commerce in Singapore is the leading international business association in Singapore, with over 5,000 members representing more than 750 companies. American companies’ direct investment in Singapore exceeds an estimated S$170 billion.

For further information, contact:

Thomas H. McNutt
Head of Government & Public Affairs
Phone: +65-6597-5732
Email: tmcnutt@amcham.org.sg
Source: The American Chamber of Commerce in Singapore

Written by asiafreshnews

April 29, 2014 at 11:59 am

Posted in Uncategorized

Singapore media release: Intralinks Deal Flow Indicator™ projects 18 per cent year-over-year increase in APAC deal activity

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SINGAPORE, April 28, 2014 /PRNewswire/ — Intralinks® Holdings, Inc. (NYSE: IL), a leading, global SaaS provider of content management and collaboration solutions, announced today the release of the latest Intralinks Deal Flow IndicatorTM (DFI), a unique predictor of future mergers and acquisitions (M&A) activity.

The Intralinks DFI reliably forecasts changes in the volume of global M&A deals that will be announced in the next six months, or through the third quarter of 2014.

This quarter indicates sustained momentum in M&A activity in 2014, continuing to build on the strong levels of M&A activity seen in 2013. The latest data, compiled through the end of March 2014, shows a 16 per cent increase in year-on-year (YoY) early-stage global M&A activity, with particularly strong performance in Asia Pacific. The region jumped 18 per cent YoY and 10 per cent quarter-on-quarter (QoQ), with no indications that the decelerating Chinese economy is impacting dealmaking.

“Global M&A markets are healthy, maintaining high levels of activity and continued optimism among dealmakers,” said Philip Whitchelo, vice president of strategy and product marketing for APAC and EMEA at Intralinks.

“Many factors are driving a highly competitive market, including a good lending environment and the need of corporations and private equity to put their money to work and buy growth. Deal volumes across the value chain are up, and we expect to see more high profile deal announcements through 2014, especially in hot sectors like technology, telecommunication, media and entertainment and consumer.”

“Deal volume throughout the APAC region in particular has been impressive, and this comes off the back of consistent year-on-year growth since Q1 2010 for the region. The data certainly points towards APAC continuing to experience strong growth over the next six months,” Mr Whitchelo continued.

Intralinks recently held its popular Dealmakers APAC breakfast briefing in Hong Kong, which included senior representatives from Standard Chartered, Allen&Overy and Freshfields Bruckhaus Deringer. Asked to comment on the the temperature of the regional deal landscape, the panelists mirrored the results of the Deal Flow Indicator, indicating stronger market conditions than in the previous 12 months.

Panelists agreed there had been a pick-up in activity across the region, with a number of substantial deals in Indonesia, Malaysia and Thailand over the last year. It was also noted that over the past five years, the inter-regional flow of M&A activity has completely transformed the deal landscape. What this means is that the universe of buyers has become larger, causing the price of assets to rise.

From a sector perspective, panellists said there has been significant activity in financial services, especially in banking and insurance, as well as in the energy sector.

Intralinks Deal Flow Indicator Highlights — Outlook for Q3 2014
The Intralinks DFI tracks global M&A sell-side mandates and deals reaching due diligence prior to public announcement, providing a predictor of future global M&A activity levels. The Intralinks DFI is based on Intralinks’ insight into a significant percentage of early-stage M&A transactions. Independent research shows that the Intralinks DFI is a reliable predictor of future changes in the number of announced M&A transactions, with percentage changes in the Intralinks DFI typically being reflected in announced deal volumes approximately six months later. Highlights from the latest Intralinks DFI include:

North America
North American levels of early-stage M&A activity grew 11 per cent YoY, sustaining some momentum. While deal volume was down 6 per cent quarter-on-quarter (QoQ), this is largely a seasonal effect and the US market remains strong.

Europe, Middle East and Africa (EMEA)
Europe continues to perform strongly and consistently, with a 21 per cent YoY increase, paired with a 5 per cent increase QoQ. Regional instability and concerns about the Ukraine crisis aren’t dampening enthusiasm and aren’t expected to impact M&A activity, according to our survey.

Emerging Markets
Continuing a trend from 2013, Latin America deal volume increased 13 per cent YoY, but was down 10 per cent QoQ. Dealmakers in the region expressed reduced optimism about prospects for the second half of 2014.
Intralinks is also detailing results from a separate global survey that gauged sentiment on the future of the global M&A market.

Global Sentiment Survey
In March 2014, Intralinks conducted a separate survey of more than 1,000 global M&A professionals to gauge dealmakers’ sentiments and views on the M&A market. Highlights of the survey include:

Overall, 63 per cent of M&A professionals are optimistic about the current deal environment, consistent with reported sentiment from the last quarter
73 per cent predict M&A activity will increase over the next six months, consistent with last quarter and with the Intralinks DFI data
North American respondents expressed the most optimism about future deal activity in 2014, with 70 per cent expecting an increase. Latin America showed the most pessimism, with only 47 per cent expecting increased deal activity through the remainder of the year

Doubts emerged from the survey regarding deal valuation, which respondents all agreed was the greatest impediment to getting deals done. Germans in particular are also feeling pressure about energy costs for manufacturing, which 53 per cent agree make them a less attractive M&A target for international investors. In addition, 63 per cent of respondents in the UK expect a negative impact on M&A if the Scottish independence referendum were to pass.

About Intralinks Dealspace™
Intralinks is a leading supplier of solutions for managing strategic transactions. Intralinks Dealspace™, the market leading virtual data room (VDR), gives M&A professionals a complete solution to manage the full lifecycle of a deal. Intralinks Dealspace supports every step of the deal process, enabling deal teams to securely exchange data with buyers, sellers and advisors, helping speed strategic transactions such as mergers, acquisitions, divestitures, capital raises and corporate restructurings. For more information about the Intralinks DFI, please visit http://www.intralinks.com/knowledge/intralinks-deal-flow-indicator.

About the Intralinks Deal Flow Indicator
The Intralinks Deal Flow Indicator provides Intralinks’ perspective on the level of M&A due diligence activity taking place during any given period of time. The statistics contained in the DFI represent the volume of virtual data rooms opened, or proposed to be opened, through Intralinks or other providers for the purpose of conducting due diligence on proposed transactions including asset sales, divestitures, private placements, financings, capital raises, joint ventures and partnerships. These statistics are not adjusted for changes in Intralinks’ share of the virtual data room market or changes in market demand for virtual data room services. These statistics may not correlate to the volume of completed transactions that may be reported by market data providers and should not be construed to represent the volume of transactions that will ultimately be consummated during any period of time. Indications of future completed deal activity derived from the DFI are based on assumed rates of deals going from due diligence stage to completion. In addition, the statistics provided by market data providers may be compiled with a different set of transaction types than those set forth above.

THIS PRESS RELEASE AND THE DEAL FLOW INDICATOR (COLLECTIVELY THE “MATERIALS”) ARE PROVIDED “AS IS” FOR INFORMATIONAL PURPOSES ONLY. INTRALINKS MAKES NO GUARANTEE, REPRESENTATION OR WARRANTY OF ANY KIND REGARDING THE TIMELINESS, ACCURACY OR COMPLETENESS OF THE CONTENT OF THE MATERIALS. THESE MATERIALS ARE BASED ON INTRALINKS’ OBSERVATIONS AND SUBJECTIVE INTERPRETATIONS OF DUE DILIGENCE ACTIVITY TAKING PLACE, OR PROPOSED TO TAKE PLACE, ON INTRALINKS’ OR OTHER PROVIDERS’ VIRTUAL DATA ROOM PLATFORMS FOR A LIMITED SET OF TRANSACTION TYPES. THESE MATERIALS ARE NOT INTENDED TO BE AN INDICATOR OF INTRALINKS’ BUSINESS PERFORMANCE OR OPERATING RESULTS FOR ANY PRIOR, CURRENT OR FUTURE PERIOD, NOR ARE THESE MATERIALS INTENDED TO PROMISE, GUARANTEE OR ASSURE FUTURE LEVELS OF COMPLETED DEAL ACTIVITY. THESE MATERIALS ARE NOT INTENDED TO CONVEY INVESTMENT ADVICE OR SOLICIT INVESTMENTS OF ANY KIND WHATSOEVER.

THE INTRALINKS DEAL FLOW INDICATOR MAY BE USED SOLELY FOR PERSONAL, NON-COMMERCIAL USE. THE CONTENTS OF THE INTRALINKS DFI MAY NOT BE REPRODUCED, DISTRIBUTED OR PUBLISHED WITHOUT THE EXPRESS WRITTEN PERMISSION OF INTRALINKS. FOR PERMISSION TO REPUBLISH DEAL FLOW INDICATOR CONTENT, PLEASE CONTACT INFO@INTRALINKS.COM.

Forward Looking Statements
The forward-looking statements contained in this press release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are express or implied statements that are not based on historical information and include, among other things, statements concerning Intralinks’ plans, intentions, expectations, projections, hopes, beliefs, objectives, goals and strategies. These statements are neither promises nor guarantees, but are subject to a variety of risks and uncertainties, many of which are beyond Intralinks’ control and could cause actual results to differ materially from those contemplated in these forward-looking statements. Accordingly, there can be no assurance that the results expressed, projected or implied by any forward-looking statements will be achieved, and readers are cautioned not to place undue reliance on any forward-looking statements. The forward-looking statements in this press release speak only as of the date hereof. As such, Intralinks undertakes no obligation to update or revise the information contained in this press release, whether as a result of new information, future events or circumstances or otherwise. For a detailed list of the factors and risks that could affect Intralinks’ financial results, please refer to Intralinks public filings with the Securities and Exchange Commission from time to time, including its Annual Report on Form 10-K for the year-ended December 31, 2013.

Trademarks and Copyright
“Intralinks” and Intralinks’ stylized logo are the registered trademarks of Intralinks, Inc. This press release may also refer to trade names and trademarks of other organizations without reference to their status as registered trademarks. © 2014 Intralinks, Inc. All rights reserved.

Source: Intralinks

Written by asiafreshnews

April 29, 2014 at 11:46 am

Posted in All releases

Microsoft officially welcomes the Nokia Devices and Services business

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– Microsoft and the Nokia Devices and Services business are coming together as one to deliver a family of devices and services that will delight consumers and empower businesses.

REDMOND, Washington, April 25, 2014 /PRNewswire/ — Microsoft Corp. announced it has completed its acquisition of the Nokia Devices and Services business. The acquisition has been approved by Nokia shareholders and by governmental regulatory agencies around the world. The completion of the acquisition marks the first step in bringing these two organizations together as one team.

Photo – http://photos.prnewswire.com/prnh/20140424/78216
Logo – http://photos.prnewswire.com/prnh/20000822/MSFTLOGO

“Today we welcome the Nokia Devices and Services business to our family. The mobile capabilities and assets they bring will advance our transformation,” said Microsoft CEO Satya Nadella. “Together with our partners, we remain focused on delivering innovation more rapidly in our mobile-first, cloud-first world.”

Reporting to Nadella is former Nokia President and CEO Stephen Elop, who will serve as executive vice president of the Microsoft Devices Group, overseeing an expanded devices business that includes Lumia smartphones and tablets, Nokia mobile phones, Xbox hardware, Surface, Perceptive Pixel (PPI) products, and accessories. Microsoft welcomes personnel with deep industry experience in more than 130 sites across 50 countries worldwide, including several factories that design, develop, manufacture, market and sell a broad portfolio of innovative smart devices, mobile phones and services. As part of the transaction, Microsoft will honor all existing Nokia customer warranties for existing devices, beginning April 25, 2014.

Windows Phone is the fastest-growing ecosystem in the smartphone market, and its portfolio of award-winning devices continues to expand. In the fourth quarter of 2013, according to IDC, Windows Phone reinforced its position as a top three smartphone operating system and was the fastest-growing platform among the leading operating systems with 91 percent year-over-year gain.(1) Furthermore, with the Nokia mobile phone business, Microsoft will target the affordable mobile devices market, a $50 billion annual opportunity,(2) delivering the first mobile experience to the next billion people while introducing Microsoft services to new customers around the world.

Microsoft will continue to deliver new value and opportunity, and it will work closely with a range of hardware partners, developers, operators, distributors and retailers, providing platforms, tools, applications and services that enable them to make exceptional devices. With a deeper understanding of hardware and software working as one, the company will strengthen and grow demand for Windows devices overall.

As with any multinational agreement of this size, scale and complexity, Microsoft and Nokia have made adjustments to the deal throughout the close preparation process. As announced previously, Microsoft will not acquire the factory in Masan, South Korea, and the factory in Chennai, India, will stay with Nokia due to the tax liens on Nokia’s assets in India that prevent transfer. As a result, Microsoft will welcome approximately 25,000 transferring employees from around the world.

More information about Microsoft’s expanded family of devices and services is available here.

Founded in 1975, Microsoft (Nasdaq “MSFT”) is the worldwide leader in software, services and solutions that help people and businesses realize their full potential.

Microsoft refers to Microsoft Corp. and its affiliates, including Microsoft Mobile Oy, a subsidiary of Microsoft. Microsoft Mobile Oy develops, manufactures and distributes Lumia, Asha and Nokia X mobile phones and other devices.

For further information regarding risks and uncertainties associated with Microsoft’s business, please refer to the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Risk Factors” sections of Microsoft’s SEC filings, including, but not limited to, its annual report on Form 10-K and quarterly reports on Form 10-Q, copies of which may be obtained by contacting Microsoft’s Investor Relations department at +1-800-285-7772 or at Microsoft’s Investor Relations website.

All information in this release is as of April 25, 2014. The company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the company’s expectations.

(1) IDC Worldwide Quarterly Mobile Phone Tracker, February 2014
(2) Strategy Analytics Inc.
Source: Microsoft Corp.

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April 29, 2014 at 11:22 am

Posted in Uncategorized

Leading Medical Education Provider Serono Symposia International Foundation Announces New Name

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GENEVA, Switzerland, April 28, 2014/PRNewswire/ — EXCEMED – Excellence in Medical Education is the new name of continuing medical education (CME) provider Serono Symposia International Foundation (SSIF).

(Logo: http://photos.prnewswire.com/prnh/20140424/683699)

The Foundation’s new name and logo reflect its ongoing commitment to being a global leader in the provision of high-impact, independent medical education.

“Our worldwide medical education offerings are expanding – both online and for live events – so it is the right moment to make this change to mark our evolution and assert our continuing advancement with a new name,” says Ms. Rachel Clark, Chief Executive Officer of the Foundation.

“The education EXCEMED provides is fully independent, so it is essential that our name reflects this fact,” explains Ms. Clark.

The name change does not impact the structure, management or portfolio of the Foundation which will continue to operate as it does currently.

Over the past four decades, EXCEMED has established a strong reputation for delivering high quality continuing medical education to thousands of healthcare professionals around the world, including Europe, Asia, Africa, Central and South America, Oceania, Mexico and North America.

EXCEMED’s educational specialisms are neurology, reproductive medicine, oncology, endocrinology and metabolism, cardiometabolic, allergy, immunology, dermatology and genetics.

“EXCEMED’s core mission is to help physicians achieve the best possible outcomes for their patients,” says Ms. Clark. “Our new name, which symbolises the drive for excellence, reflects our passion for delivering the absolute best in CME.”

About EXCEMED
EXCEMED – Excellence in Medical Education is an independent, non-profit continuing medical education (CME) provider based in Geneva, Switzerland. The Foundation has provided world-class CME to thousands of healthcare professionals over the past four decades, convening over 1500 international scientific congresses with more than 500 proceedings published in leading international medical journals. EXCEMED has also pioneered online CME courses since 2000 and oversees an expanding portfolio of e-learning activities including video lectures, CME-accredited online courses and symposia.
More information
For more about EXCEMED and its educational offerings, visit http://www.excemed.org
Register on the EXCEMED website to subscribe to e-newsletters and free web-based learning opportunities.
Source: EXCEMED

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April 29, 2014 at 11:21 am

Posted in All releases

Alibaba Founders Establish Charitable Trusts

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HANGZHOU, China, April 25, 2014 /PRNewswire/ —

GIFT OF 2% OF ALIBABA EQUITY TO FOCUS ON ENVIRONMENT, MEDICINE, EDUCATION AND CULTURE

Jack Ma and Joe Tsai, co-founders of Alibaba Group Holding Limited (“Alibaba” or “the company”), today announced the establishment of personal charitable trusts funded by share options granted by Alibaba to the charitable trusts designated by Jack Ma and Joe Tsai for approximately two percent (2%) of Alibaba’s equity. Their philanthropic activities will initially be focused on causes including the environment, medicine, education and culture in mainland China, Hong Kong and abroad.

Jack Ma and Joe Tsai intend to make philanthropic contributions through their respective personal charitable trusts, in part, alongside Alibaba’s corporate charitable foundation, which is managed by volunteer employees of the company and contributes to initiatives in environmental awareness and conservation. Since 2010, Alibaba has earmarked 0.3% of the company’s annual revenues to fund the Alibaba corporate charitable foundation, in addition to Jack Ma’s previously announced commitment to donate all of his economic interests in a general partner of the Yunfeng Funds to the foundation.

Alibaba and its employees have also dedicated significant time and resources toward disaster relief efforts and other community activities in China and internationally. Recently, Alibaba initiated a program to provide citizens with water testing kits to encourage self-reporting and raise awareness of the water pollution issues across China.

Jack Ma said: “Alibaba was founded 15 years ago with a mission ‘to make it easy to do business anywhere’ and a set of principles and values that emphasize our responsibility to society. Giving back to society is deeply embedded in Alibaba’s culture and I am incredibly proud of the commitment that our employees have shown to improving peoples’ lives.”

The gifts to the respective charitable trusts of the two founders consist of options granted by Alibaba to the charitable trusts designated by Jack Ma and Joe Tsai to acquire ordinary shares of Alibaba. The option grant, approved by Alibaba’s board of directors last year, represents approximately two percent of the equity in Alibaba and will be divided between the two trusts in approximately the same proportion as the equity stakes currently held by the two founders in Alibaba.

“We hope to live in a world with bluer skies, cleaner water and better access to healthcare. I am extremely focused on the environment, medical care and education in China but concern and complaints cannot change the current situation. I am passionate about actively contributing and helping to solve these problems. We must assume responsibility and take action to improve the environment that our children will inherit, and this is why I strongly support the efforts of The Nature Conservancy and agreed to take on the role of China Chairman last year,” Jack Ma continued.

“I hope that by taking this path and drawing attention to these issues, we raise awareness among even more people, and that we inspire and encourage our peers, partners and other entrepreneurs to join us in our philanthropic efforts,” said Joe Tsai.

The charitable initiative of Jack Ma and Joe Tsai was unanimously endorsed by the board of directors of Alibaba.

Masayoshi Son, founder, Chairman and Chief Executive Officer of SoftBank Corp. and a director of Alibaba, said: “I have tremendous respect for this charitable initiative of Jack and Joe. I think it is truly outstanding that the people of Alibaba are contributing to Chinese society in this way, and I fully support the endeavor.”

Jackie Reses, Chief Development Officer of Yahoo, Inc. and a director of Alibaba, said: “I am impressed by the thoughtfulness and community spirit behind the establishment of the two personal charity trusts by Alibaba’s co-founders and by their strong desire to give back to the community.”

Support from business and philanthropic leaders:

Michael R. Bloomberg, former Mayor of New York City and Founder of Bloomberg Philanthropies, commented: “Jack Ma and Joe Tsai are both very generous individuals who understand the importance of giving back and helping others, which is reflected in the culture of Alibaba. I’ve spent time with both of them to discuss their commitment to improving lives. Their gifts set a new bar for philanthropy in China, and hopefully other entrepreneurs and business leaders around the world will follow in their footsteps.”

Bill Gates, Co-Chair of The Bill and Melinda Gates Foundation; Founder and Technology Advisor of Microsoft Corp. commented: “This is terrific news. Jack and Joe’s generosity, leadership and example will do an immense amount of good, particularly in this remarkable time in the development of philanthropy in China.”

Warren Buffett, Trustee of The Bill and Melinda Gates Foundation; Chairman and Chief Executive Officer of Berkshire Hathaway, commented: “Jack and Joe have been extraordinary leaders in business and have now become leaders in philanthropy. I admire and applaud them.”

About Jack Ma
Jack Ma is the lead founder of Alibaba Group. Since founding the company in 1999, he served as chairman and chief executive officer for more than a decade. Since May 2013, he has served as executive chairman of Alibaba Group and continues to shape the company’s strategic direction and management development.
Mr. Ma, who holds a bachelor’s degree in English from Hangzhou Teacher’s Institute, serves on the board of SoftBank Corp., a leading digital information company that is publicly traded on the Tokyo Stock Exchange. He is also a director of Huayi Brothers Media Corporation, a media company listed on the Shenzhen Stock Exchange. In 2009, Mr. Ma became a trustee of The Nature Conservancy’s China program and joined the global board of directors of the organization in 2010. Since May 2013, he has served as chair of The Nature Conservancy’s China board of directors. In September 2013, he joined the Breakthrough Prize in Life Sciences Foundation as a director.
About Joe Tsai
Joe Tsai is one of Alibaba Group’s founders and has been a member of the company’s board of directors since its inception in 1999. He previously served as the company’s chief financial officer and, since May 2013, has served as the company’s executive vice-chairman, responsible for strategic investments and acquisitions. From 1995 to 1999, Mr. Tsai worked in Hong Kong with Investor AB, the main investment vehicle of Sweden’s Wallenberg family, where he was responsible for Asian private equity investments. Prior to that, he was vice president and general counsel of Rosecliff, Inc., a management buyout firm based in New York. Mr. Tsai is qualified to practice law in the State of New York and, from 1990 to 1993, was an associate attorney in the tax group of Sullivan & Cromwell LLP, a New York-based international law firm.
Mr. Tsai received his bachelor’s degree in Economics and East Asian Studies from Yale University and a juris doctor from Yale Law School. He is a trustee of The Lawrenceville School in New Jersey, United States.
Source: Osborne & Partners

Written by asiafreshnews

April 29, 2014 at 10:15 am

Asian Media Awards Presented at Publish Asia 2014 Gala Dinner

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HONG KONG, April 25, 2014 /PRNewswire/ — The Star (Malaysia), The South China Morning Post (Hong Kong), Singapore Press Holdings (Singapore) and The New Straits Times (Malaysia) were among the top winners of the annual Asian Media Awards presented last night (24 April) in a gala ceremony in Hong Kong by the World Association of Newspapers and News Publishers (WAN-IFRA).

In their 12th edition, WAN-IFRA’s annual Asian Media Awards saw a record of 534 entries from all over Asia and the Middle East competing for excellence in printing quality, design, infographics, photography, editorial content, Newspaper Marketing and Community Service. The Best in Print Awards were sponsored by manroland web systems.

No less than 29 judges from international media companies evaluated these entries in the past months in order to select the 45 awards winners who were honoured at Publish Asia’s Gala Dinner last night.

The full list of winners can be found at http://www.wan-ifra.org/microsites/asian-media-awards

Held for the first time in Hong Kong, Publish Asia is WAN-IFRA’s premier conference in the Asia-Pacific region and the Asian Media Awards gala dinner is one of the highlights of the events. The unique conference format features a CEO conference, a Newsroom Summit, Printing Seminars, an Advertising Summit and other events; summaries of conference presentations can be found on the conference blog at: http://www.publishasia.com

Publish Asia 2014, which was opened yesterday morning by the Honourable Mr. Leung Chun-ying, Chief Executive of the Hong Kong Special Administrative Region, gathered over 400 media executives from 29 countries. It featured over 40 top Asian and international speakers such as Michael Golden, The Vice Chairman of The New York Times; Scott Lamb, VP International of Buzzfeed; Cassian Cheung, CEO of NextMedia; Patrick Daniel, Editor in Chief English & Malay Newspapers at Singapore Press Holdings; Wong Chun Wai, CEO, Star Publications and Mark Little, Founder and CEO of Storyful.

For a calendar of upcoming WAN-IFRA events, please consult http://www.wan-ifra.org/events

WAN-IFRA is the global organisation of the world’s newspapers and news publishers. It represents more than 18,000 publications, 15,000 online sites and over 3,000 companies in more than 120 countries. Its core mission is to defend and promote press freedom, quality journalism and editorial integrity and the development of prosperous businesses.

Learn more about WAN-IFRA at http://www.wan-ifra.org or through Asian Newspaper Focus at http://www.wan-ifra.org/microsites/asian-newspaper-focus-anf

Inquiries to: Gilles Demptos, Director, Asia, WAN-IFRA, Singapore, +65-65628443, gilles.demptos@wan-ifra.org
Source: WAN-IFRA

Written by asiafreshnews

April 29, 2014 at 10:03 am

Posted in All releases

Milestone Systems Delivers Strong Revenue and Earnings Growth in 2013

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COPENHAGEN, Denmark, April 25, 2014 /PRNewswire/ —

World leading IP video management software company posted a positive Annual Report for 2013, underlining the scalability of its unique open platform business model.

Milestone Systems reported 2013 revenues of DKK 407 M (EUR 54.6 M), up 28 percent from DKK 318 M (EUR 42.7 M) in 2012, outperforming an otherwise strong overall projected market growth rate of approximately 20 percent. This is a continuation of a strong track record: Milestone Systems revenues have grown close to 30 percent on average per year since 2007.

(Logo: http://photos.prnewswire.com/prnh/20130916/639134)

The strong revenue growth was achieved without compromising profitability. Operating income before depreciation and amortization (EBITDA) rose to DKK 90 M (EUR 12.1 M), an 81 percent increase from the DKK 50 M (EUR 6.7 M) reported in 2012. Due to the scalability of its operations, the EBITDA margin increased to 22.1 percent from 15.6 percent in 2012 and net income was DKK 34 M (EUR 4.6 M) compared to DKK 10 M in 2012 (EUR 1.3 M).

The increase in revenues was due to strong performance in all geographies and improved efficiencies with the channel partners who sell and install Milestone video management software. 2013 also saw solid growth in the number of solution partners who develop third-party integrations with the Milestone open platform. The increase in earnings is a result of the Milestone strategy at work with an operational leverage kicking in throughout the cost base.

“We are very proud of these results. This clearly shows our ability to deliver solid topline growth and at the same time improve profitability, underlining the scalability of our unique open platform business model. We are capitalizing on the Milestone brand strength while exponentially scaling out its reach with our broad ecosystem of partners,” said Lars Thinggaard, President and CEO, Milestone Systems.

In 2013, Milestone also invested DKK 61 M (EUR 8.2 M) in research and development (R&D) that was capitalized as a key priority that supports the ambition of being a world-class innovator and technology leader, driving the transition from analog to IP-based video surveillance.

“We are at a tipping point in the transition from analog to IP video surveillance, and we believe that open platform video management software is key in this development. In combination with the market opportunities beyond surveillance, i.e. within education, healthcare and business analytics, I am confident that we can continue to successfully develop the company,” Lars Thinggaard said.

Industry analysts expect continued growth in the video surveillance market. In tack with this, Milestone Systems aims to further strengthen its global market leadership position by continuing to expand its competitive portfolio of innovative surveillance offerings through its international ecosystem of channel partners, camera vendors, technology and solution partners.

Milestone Systems: January 1 – December 31, 2013

(DKK and EUR millions) 2013 2012 Change

DKK 407 M / DKK 318 M / 28 %
Revenue EUR 54.6 M EUR 42.7 M

DKK 90 M / DKK 50 M / 81 %
EBITDA EUR 12.1 M EUR 6.7 M

EBITDA margin 22.1% 15.6% + 6.5 %-points

DKK 34 M / DKK 10 M / 240 %
Net income EUR 4.6 M EUR 1.3 M
Average number of employees 389 351 11 %
Download: Pictures of Milestone Systems CEO, Lars Thinggaard, The Milestone Systems Logo and the annual results table in graphical format

About Milestone Systems
Founded in 1998, Milestone Systems is a global industry leader in open platform IP video management software, according to IHS Research. The technology delivers powerful surveillance that is easy to manage, reliable and proven in thousands of customer installations around the world. With support for the widest choice in network hardware and integration with other systems, Milestone provides best-in-class solutions to video enable organizations – managing risks, protecting people and assets, optimizing processes and reducing costs. Milestone software is sold through partners in 130 countries and with more than 100,000 solutions deployed globally. For more information, visit http://www.milestonesys.com.
Source: Milestone Systems

Written by asiafreshnews

April 29, 2014 at 9:38 am