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Archive for May 12th, 2014

New CEO Joins Schenck Process

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DARMSTADT, Germany, May 8, 2014 /PRNewswire/ —

Andreas Evertz succeeds Dr. Jochen Weyrauch

Andreas Evertz took over on 5 May 2014 as CEO of Schenck Process, a global leader in industrial measuring technologies. He will lead the company in close coordination with the two other Managing Directors Mike Petkovich and Wolfgang Kleinschmidt and succeeds Dr. Jochen Weyrauch, who has shaped the image as well as the development of the company based in Darmstadt for 11 years.


Since May 2003, Dr. Weyrauch has served as CEO of Carl Schenk AG for Schenck Process which he has led since the successful carve out from Durr AG in late 2005. Revenues of Schenck Process have since tripled to a current level of over EUR 600 million. “The Supervisory Board wishes to thank Dr. Weyrauch for his entrepreneurial achievements,” said Dr. Winfried Walzer, Chairman of the Supervisory Board. “Under his leadership, Schenck Process has developed in recent years into a leading global company driven by organic growth and strategic acquisitions. We respect his wish to take on new professional challenges after years of successful work for our company and wish him continued success for the future. We wish to cordially welcome Andreas Evertz and are confident that he will continue Schenck Process’ story of success.”

Andreas Evertz has many years of experience in industries relevant to Schenck Process, most recently as an executive board member of the Swedish industrial group Sandvik and many years as CEO of Walter AG, a manufacturer of precision tools based in Tubingen, Germany. “I am looking forward to my new role at Schenck Process Group which has developed in recent years at high speed into a global company with locations in all key markets. With my international experience, I look forward to actively shape the company’s development in the long term and to further increase its market position.”

About Schenck Process

Schenck is a global leader in measuring and processing technology. The company develops innovative solutions worldwide in areas such as cement and steel, chemicals, plastics, food and pharmaceuticals, mining, coal-fired power stations and the automation of transport workflows. Cutting-edge software solutions are also part of Schenck Process’ portfolio. The company stands for a global network of business sites and expert partners.

For more information:

Press contact:
Schenck Process Holding GmbH
Martina Seefeld
Pallaswiesenstr. 100
64293 Darmstadt, Germany
T +49(0)61-51-15-31-3128
F +49(0)61-51-15-31-27-54
Source: Schenck Process GmbH

Written by asiafreshnews

May 12, 2014 at 6:35 pm

Posted in Uncategorized

Asia-Pacific Retail, Wealth Investors to Eclipse Sovereign Funds as Growth Engines; Individual Assets to Reach US$5 Trillion by 2018

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DARIEN, Conn. and HONG KONG, May 8, 2014 /PRNewswire/ — As Asia-Pacific economies grow, creating wealthier societies, it’s the local retail fund and private banking markets that will generate close to 50% of net new flows and revenue opportunity for money managers over the next five years, according to a new whitepaper from Casey, Quirk & Associates LLC, a leading management consultant to the global asset management industry.

By contrast, the sovereign wealth funds and other government entities that controlled the bulk of professionally managed assets to date in the Asia-Pacific region will prove harder to target successfully by investment firms, as they increasingly move to manage assets internally.

The asset allocation mix is also evolving, Casey Quirk said in its report, Evolving Markets: A Practical Framework for Asia-Pacific, with investors adding non-domestic stocks and bonds, alternatives, including real estate, hedge funds, and private equity, and multi-asset class solutions to their portfolios.

Professionally managed investment assets in the Asia-Pacific region will surpass US$14 trillion by yearend 2018 – from US$10 trillion in 2014 – and produce US$66 billion in fee revenue for asset managers worldwide over the next five years. Australia, Japan and Mainland China will represent two-thirds of the total revenue opportunity through 2018, followed by South Korea, Hong Kong, Singapore, Taiwan and India, according to Casey Quirk. Of the US$66 billion total, those eight markets will represent a US$51.4 billion revenue opportunity from manager turnover, while US$10.9 billion is projected to come from net new flows.

To compete successfully in the growing Asia-Pacific market for investment services, managers must:

Prioritize and focus attention on select countries
Match skills to growing market segments
Upgrade operating models for relevant Asia-Pacific markets

“The dynamic growth underway in the region’s asset management markets, and shifting buyer investment preferences, will force local managers to play defense on their home turfs while becoming proactive in marketing their Asia-Pacific skills globally,” said Daniel Celeghin, Hong Kong-based partner at Casey Quirk and head of Asia-Pacific. “Global asset managers may have the edge currently on managing strategies that are increasingly in demand, but to be successful in the region they will need to adapt their investment and distribution capabilities to fit local needs.”

About Casey, Quirk & Associates LLC

Casey Quirk is a management consultant that focuses solely on advising investment management firms. Casey Quirk’s work with senior leadership teams includes broad business strategy reviews, investment positioning and strategy, market opportunity evaluations, organizational design, ownership and incentive structuring, and transaction due diligence. In the past fiveyears, Casey Quirk has advised a majority of the 50 largest investment management organizations worldwide. For more information please visit
Source: Casey, Quirk & Associates LLC

Written by asiafreshnews

May 12, 2014 at 6:13 pm

Posted in Uncategorized

Mountain Dew(R) Encourages Fans To “Unleash Your X” With X-Men: Days of Future Past Campaign

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Dew Nation gets first look at exclusive X-MEN: Days of Future Past character content and behind the scenes footage

PURCHASE, N.Y., May 8, 2014 /PRNewswire/ — #DEWXMENDOFP – Mountain Dew® today announced that it is bringing fans around the world closer to the excitement of the summer’s most eagerly awaited blockbuster, 20th Century Fox’s X-MEN: Days of Future Past, with an international, fan-focused digital program – “Unleash Your X.”

Photo –

The “Unleash Your X” campaign brings the digital Dew Nation exclusive video content: compelling behind-the-scenes interviews with the film’s leading talent including Hugh Jackman, James McAvoy, Michael Fassbender, Jennifer Lawrence, Halle Berry, Ian McKellen, Patrick Stewart, Ellen Page, Evan Peters and BooBoo Stewart. From set stories to analysis of the characters’ journeys through the seventh film in the X-MEN franchise, the video series of never-been-seen footage gives fans unprecedented access to, and knowledge of, the film they are counting the days for. Each week over the course of the seven-week program, videos are unlocked exclusively on Mountain Dew Facebook pages in nearly 30 countries.

Kurt Frenier, Vice President, Global Brand Development, Beverages, PepsiCo comments: “Just as every X-MEN mutant has their ‘X’ – or their own individual power – Dew is encouraging fans around the world to express their unique skills and passions. The ‘Unleash Your X’ program shares X-MEN: Days of Future Past content that fans can only get through Dew. We’re taking the Dew Nation inside the film in ways no other brand can.”

Users can also explore and share character dossiers with images, posters and information, create their own mutant profile sharing their personal ‘X’ and enter for X-MEN: Days of Future Past prizes and once-in-a-lifetime opportunities.

In addition to the digital experience, the “Unleash Your X” campaign includes a television commercial (:30 and :60) expected to air across more than 15 international countries. The creative, integrating the power of Mountain Dew and exciting X-MEN: Days of Future Past footage, takes our fans through a neon liquid journey. As the Dew explodes, each droplet features exciting sequences from X-MEN: Days of Future Past.

Anna Roca, SVP of International Promotions at 20th Century Fox adds: “We’re excited to partner with Mountain Dew ahead of the international release of X-MEN: Days of Future Past on May 23rd. Whether you are a longtime fan of the X-MEN universe or a newcomer who wants to get in the know before going to see the film, the Mountain Dew ‘Unleash Your X’ experience is a great place to build excitement for this blockbuster.”

Notes to Editors:

About 20th Century Fox:
One of the world’s largest producers and distributors of motion pictures, 20th Century Fox Film produces, acquires and distributes motion pictures throughout the world. These motion pictures are produced or acquired by the following units of 20th Century Fox Film: Twentieth Century Fox, Fox 2000 Pictures, Fox Searchlight Pictures, Fox International Productions, and Twentieth Century Fox Animation.

About PepsiCo:
PepsiCo is a global food and beverage leader with net revenues of more than $65 billion and a product portfolio that includes 22 brands that generate more than $1 billion each in annual retail sales. Our main businesses – Quaker, Tropicana, Gatorade, Frito-Lay and Pepsi-Cola – make hundreds of enjoyable foods and beverages that are loved throughout the world. PepsiCo’s people are united by our unique commitment to sustainable growth by investing in a healthier future for people and our planet, which we believe also means a more successful future for PepsiCo. We call this commitment Performance with Purpose: PepsiCo’s promise to provide a wide range of foods and beverages from treats to healthy eats; to find innovative ways to minimize our impact on the environment by conserving energy and water and reducing packaging volume; to provide a great workplace for our associates; and to respect, support and invest in the local communities where we operate. For more information, please visit
Source: PepsiCo

Written by asiafreshnews

May 12, 2014 at 5:58 pm

Posted in Uncategorized

OUE’s Q1 2014 Net Profit Soars to S$1 Billion

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SINGAPORE, May 9, 2014 /PRNewswire/ —

Other Gains of S$1.0 billion largely due to unlocking values of Mandarin Orchard Singapore and Mandarin Gallery
Revenue boosted by contributions from Lippo Plaza property in Shanghai and U.S. Bank Tower
Healthy cash balance of S$864.6 million
Financial Highlights

S$ million 3 months
ended 31 March Change
Q1 2014 Q1 2013 %
Revenue 106.9 105.4 1.5
Earnings Before Interest and Tax 40.2 38.5 4.5
Net Profit 1,012.2 2.0 >100.0
Net Attributable Profit 945.6 1.8 >100.0
SGX Mainboard-listed integrated property developer OUE Limited (“OUE” or the “Group”) today announced a net profit of S$1.0 billion for the three months ended 31 March 2014 (“Q1 2014”), reflecting more than 100% increase from S$2.0 million for the same quarter in the previous financial period (“Q1 2013”).

This increase is largely due to a recognition of net fair value gain on Lippo Plaza property which amounted to S$114.8 million, as well as the gain amounting to S$986.4 million, resulting from unlocking the values of Mandarin Orchard Singapore and Mandarin Gallery, which had been disposed to OUE Hospitality Trust (“OUE H-TRUST”). OUE H-TRUST was deconsolidated as a result of a reduction in the Group’s effective interest subsequent to a distribution in specie made to shareholders in Q1 2014. OUE H-TRUST is an associate of the Group as at 31 March 2014. The above gains are offset by an allowance for foreseeable loss of S$105.0 million provided on Twin Peaks based on the latest valuation obtained.

On the operations front, Q1 2014 also saw a 1.5% year-on-year increase in total revenue to S$106.9 million from S$105.4 million in Q1 2013. Consequently, gross profit increased from S$55.2 million to S$60.4 million for the same reporting period. These were the results of contributions from Lippo Plaza property and U.S. Bank Tower.

The Group saw a 4.5% increase in earnings before interest and tax to S$40.2 million and a 26.9% decline in finance expenses to S$24.4 million. Combined with the one-off gains, the Group recorded a net profit of S$1.0 billion in Q1 2014, compared to S$2.0 million on the corresponding quarter.

Based on net attributable profit on a fully diluted basis, earnings per share for Q1 2014 and Q1 2013 were 103.93 cents and 0.19 cents respectively. Net asset value per ordinary share remained healthy at S$4.06 for Q1 2014.

Business Review

During the quarter in review, the Group’s Hospitality division registered revenue of S$52.3 million. Excluding the contribution from the two disposed China Hotels, hospitality revenue increased 4.9% year-on-year.

Revenue generated from the Group’s Property Investment Division increased by S$16.9 million due to the inclusion of revenue from the Lippo Plaza property, which was acquired by OUE Commercial Real Estate Investment Trust (“OUE C-REIT”) in January 2014. The increase in revenue also came from contribution at the U.S. Bank Tower and higher occupancy achieved by the remaining commercial properties of the Group in Q1 2014.

Similarly, the sale of residential units for Twin Peaks contributed to the property development income, bringing in revenue of S$9.4 million for Q1 2014.

Looking Ahead

Dr. Stephen Riady, OUE’s Executive Chairman said, “We are pleased with our results this quarter as we are now realising the returns from our portfolio of properties. With the refurbishment work in the retail mall at One Raffles Place near completion and asset enhancement works at OUE Downtown being on track, we are well positioned to benefit from further strengthening of our recurrent income streams.”

“Together with our healthy cash balance of S$864.6 million, we are well-placed to seize opportunities that will be value-enhancing for OUE’s continuous growth,” added Dr. Riady.

About OUE Limited
OUE Limited (SGX:LJ3) is a diversified real estate owner, developer and operator with a real estate portfolio located in prime locations in Asia and the U.S.. OUE consistently grows its business by leveraging its brands and proven expertise in developing and managing landmark assets across the commercial, hospitality, retail and residential sectors primarily in Singapore. With its core strategy of investing in and enhancing a stable of distinctive properties, OUE is committed to developing a portfolio that has a strong recurrent income base, balanced with development profits, to enhance long-term shareholder value. OUE is the sponsor of OUE Hospitality Trust and OUE Commercial REIT.
For the latest news from OUE, visit us at
For further information, please contact:
T.L. Woo
Tel: +65-6809-6050
Source: OUE Limited
Related stocks: Singapore:LJ3

Written by asiafreshnews

May 12, 2014 at 4:40 pm

Posted in All releases

SYSPRO Software Wins Bronze Stevie(R) Award in 2014 Asia-Pacific Stevie Awards

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Winners to Be Celebrated at Gala Banquet on 30 May in Seoul, South Korea

SYSPRO’s Mobile Solution, SYSPRO Espresso, Winner in Category “New Technology Product of the Year – Australia”

SYDNEY, May 9, 2014 /PRNewswire/ — SYSPRO, a global provider of best-of-breed, award-winning enterprise resource planning (ERP) software for on-premise and cloud-based utilization, announced today that the company has won a bronze Stevie® Award in the category, “New Technology Product of the Year”, at the 2014 Asia Pacific Stevie Awards. SYSPRO was honored for their mobile platform, SYSPRO Espresso.

This category recognises new technology products and services that have been introduced to the marketplace since 1 July 2012 by technology-industry companies operating in the 22 nations of the Asia-Pacific Region.

SYSPRO Espresso enables easy, enhanced access to information on the go, anywhere and anytime. SYSPRO Espresso is targeted at manufacturing and distribution executives, who require immediate access to decision-making information, as well as employees who are not office bound and who require secure access to real time transactional data.

The SYSPRO Espresso architecture is one of the first platforms of its kind to use a single source codebase (for the business logic) to create native applications for any mobile device, with built-in powerful customization capabilities both for the end-user and for developers to engage. SYSPRO Espresso is purpose built and leverages leading edge HTML 5, Microsoft technology and tools. According to SYSPRO Asia Pacific, General Manager, Shaun Butler, “The SYSPRO win is again evidence that the company is continually enhancing SYSPRO ERP to enable SYSPRO customers to enhance operational efficiencies by leveraging world class technology and architecture inherent within all modules of SYSPRO.”

Gold, Silver and Bronze Stevie Award winners were selected by more than 50 executives around the world who participated in first-round judging the week of 14 April. A second international panel of judges will choose five Grand Stevie winners from among the Gold winners in early May. The Grand Stevie winners will be announced at the 30 May banquet in Seoul.

“We are delighted that the Asia-Pacific Stevie Awards have debuted with such a stellar group of winners,” said Michael Gallagher, president and founder of the Stevie Awards. “We look forward to celebrating the winners and presenting them their awards at the gala banquet in Seoul on 30 May. We extend our most heartfelt congratulations to all of this year’s Gold, Silver and Bronze Stevie Award winners.”

The recognition marks the latest in a series of recent accolades for SYSPRO Espresso. The product was also a winner in 2013 in the Category “Best New Product or Service of the Year – Software – Mobile Operations Management Solution” – Stevie® Awards and in 2012, in Network Products Guide “Innovative Company of the Year” Award in “Information Technology”.

Established in 1978, SYSPRO delivers both on-premises and cloud-based business software to customers in over 60 countries. SYSPRO and its network of solution providers have earned the trust of companies across a variety of industry sectors by creating enterprise resource planning (ERP) software and services that combine simplicity of use with rich information visibility and business processes. For more information about SYSPRO and its proven track record of increasing operational efficiency in all facets of accounting, manufacturing and distribution, visit
About the Stevie® Awards
Stevie Awards are conferred in five programs: the Asia-Pacific Stevie Awards, The International Business Awards, The American Business Awards, the Stevie Awards for Women in Business, and the Stevie Awards for Sales & Customer Service. A sixth program, the German Stevie Awards, will open later this year. Honoring organizations of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about the Stevie Awards at
Press Contact:
Anne Teng
Marketing Manager
Source: SYSPRO Software Pty Ltd

Written by asiafreshnews

May 12, 2014 at 2:33 pm

Posted in All releases

Next Bank Asia Urges Financial Services Industry to “Think Differently” and Build for the Future

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Conference returns to Singapore, site of the inaugural Next Bank event in 2012, and provides an open forum to drive innovation in the financial services industry

SINGAPORE, May 9, 2014 /PRNewswire/ — The third Next Bank Asia conference will bring together a unique mix of financial professionals, entrepreneurs, innovators, designers and creatives from across the banking, design and technology sectors. The event, which will be held on 14th – 15th May at Singapore’s National Design Centre, will provide a forum to discuss, debate and drive meaningful change in the financial services sector.

Key speakers at the event include international author and strategist Parag Khanna; Deepesh Trivedi, Head of Retail, E-Commerce and Financial Services for South East Asia, Facebook; Neil Cross , Chief Innovation Officer at DBS; JP Nicols, Co-founder of Bank Innovators Council; Shandre M. Thangavelu, National University of Singapore, Department of Economics; Louise Long, Head of Customer Experience, National Australia Bank.

Founded by Singapore based blogger and creative Rob Findlay, the conference will cover a variety of themes ranging from macro technology trends impacting the financial services industry in the Asia-Pacific region to customer experience and branch design.

Since its inception in Singapore in 2012, Next Bank has developed into a global movement with home-grown events in markets such as Hong Kong, Beijing, Sydney, Nairobi, Rome, Madrid and Bogota. More events are in the pipeline this year and in 2015 in major cities around 4 continents including Melbourne, Shanghai, Dubai, Moscow, Barcelona, London, Boston, San Francisco, Mexico City, Sao Palo, Santiago and Bueno Aires.

“There is a huge amount of change underway in the financial services industry globally driven by technology and by consumers demand for increasingly innovative solutions from providers,” said Findlay, “Next Bank was founded to be an open community which brings together innovators from a range of backgrounds across the industry, creating connections, collaborations and partnerships and ultimately driving real change in the way we think about banking.”

Findlay added, “There is still a huge gap in understanding how the blend of technology, design, innovation strategies and actual banking practices can work together. This year’s Next Bank Asia conference will be challenging delegates and participants to think differently and creatively about how to bring those various disciplines together in a way which caters to the dynamic and rapidly changing needs of consumers across the Asia Pacific region.”

About Next Bank
Next Bank is a global movement which brings together peers from different disciplines across design, technology and banking to collaborate and drive change in the financial services industry. It is a forum where traditional players like banks, consultancies and technology providers share the stage with start-ups, digital natives and creatives from a range of industries. All of these participants come together to create a community of innovators to explore, develop and collaborate on big ideas that can possibly transform the financial service industry.
The first Next Bank conference was hosted in Singapore in May 2012 and since then Next Bank events have been held around the world.
Cognito for Next Bank Asia
Tim Williamson
Source: Next Bank Asia

Written by asiafreshnews

May 12, 2014 at 11:52 am

Posted in All releases

ALIFE Air Automobiles Launches Its ‘Call for Collaboration’ Program

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The first initiative launched under the program is the first free towing service for motorbikes users in Singapore

SINGAPORE, May 8, 2014 /PRNewswire/ — ALIFE Air Automobiles Pte Ltd (, Singapore’s only automobile manufacturer, today launched its ‘Call for Collaboration’ program.

The ALIFE Free Towing Service is the first initiative kick-starting the company’s ‘Call for Collaboration’ programme as they look to provide a series of innovative industry solutions to help the everyday Singapore consumer. This is following the lead of various collaboration programs spearheaded by the Singapore government.

“After witnessing the success of various collaboration programs by the Singapore Government, the team at ALIFE Air Automobiles was inspired to take it upon ourselves to come up with our own ‘Call for Collaboration’ program to help consumers in Singapore,” said Mr Devan Nair, Group CEO & Chairman, ALIFE Air Automobiles Pte Ltd. “The first initiative under this program is the launch of the ALIFE Free Towing Service designed to assist motorbike users in Singapore during their time of need.”

Free towing service for motorbike users in Singapore

Singapore’s first Island-wide Free Towing Service for motorbike users operates 24 hours a day, 7 days a week. Motorbike users in Singapore who need assistance will be able to call one dedicated towing hotline number where ALIFE Air Automobiles customer service agents will be able quickly coordinate to see which Singapore towing company is available and in closest in proximity, then dispatch them to assist the customer immediately.

“We have carefully chosen Singapore towing companies who are reputable and well trained to perform the towing task. With our combined skills and knowledge, we are able to provide a quick and reliable towing service island-wide which is also free-of-charge,” explains Mr Mohamed Iqbal, Chief Operations Officer, ALIFE Air Automobiles.”

Towing companies to benefit as well

ALIFE Air Automobiles has signed up a number of motorbike towing companies all over Singapore to deliver this service. As a Partner of the ALIFE Free Towing Service, these companies will be directly compensated by ALIFE Air Automobiles when assigned a job. They will also benefit from additional business growth from being a part of ALIFE Air Automobiles’ marketing outreach and networks.

Mr Nair adds, “This is just the first initiative of our ALIFE ‘Call for Collaboration’ programme. Although we are a relatively young Singapore company currently growing our business, our focus will always be on providing sustainable and helpful solutions for the end-user — in this case, the local motorbike community as well as towing companies in Singapore.”

About ALIFE Air Automobiles
ALIFE Air Automobiles Pte Ltd was launched in 2013 and is today Singapore’s only automobile manufacturer. The company’s primary focus is on the design and development of Clean Air sustainable solutions for the automobile industry. Rather than follow the trends of other automobile brands or compete with traditional approaches to automobile design, ALIFE Air Automobile’s primary focus is to find a sustainable solution that will satisfy the needs of the consumers today.
The team at ALIFE Air Automobiles develops its own technology know-how, pulling together expertise from across the globe, creating sustainable solutions to help solve the ever-increasing pollution problem being faced by countries all around the world.
In 2014, ALIFE Air Automobiles announced one of the most critical steps towards establishing their presence in Singapore – the launch of the A-Service Centre. The newly launched service centre is designed to provide motorbike users access to cutting-edge diagnostic technologies, innovations and products. More than that, it is a hub for the motorbike community and clubs to come together to learn, share, and socialise with regards to bike designs, maintenance, upgrading, and safety.
For more information, please visit our website at, or “Like” our Facebook page at
Media Contact:
Ms. Farah Rahman
Cohn&Wolfe XPR
Source: ALIFE Air Automobiles

Written by asiafreshnews

May 12, 2014 at 11:38 am

Posted in Uncategorized

itBit Bitcoin Exchange Reaffirms Commitment to Compliance and Regulation With New Hire

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Digital currency exchange hires its first Chief Compliance Officer from PayPal and new Director to focus on U.S. operations

SINGAPORE and NEW YORK, May 7, 2014 /PRNewswire/ — Digital currency exchange itBit today announced two new additions to its team, including its first Chief Compliance Officer, Erik Wilgenhof Plante. He leads efforts to comply with regulations and engage with governments. Also joining itBit is Robert “Bobby” Cho, a Director focusing on U.S. operations.

“At itBit, regulatory compliance is our number one priority and we pride ourselves on having the highest standards in the industry,” said itBit CEO and co-founder Rich Teo. “We welcome Erik’s expertise and leadership in compliance as we continue to work with regulators to help develop and cooperate with policies that serve and protect consumers and businesses.”

Wilgenhof Plante joins itBit from PayPal, where he oversaw all compliance matters for Southeast Asia. His 15 years of experience in law and banking has in recent years been focused on areas of compliance while at DZ PRIVATBANK, Clariden Leu, Commerzbank and ABN AMRO. As a player in the financial industry’s regulatory activities, he is network chairman and fellow of the International Compliance Association, a Financial Industry Certified Professional and a founding board member of the Singapore chapter of the Association of Certified Anti-Money Laundering Specialists.

“Virtual currencies like Bitcoin offer tremendous possibilities by empowering people to transfer money very quickly at very low cost. For this innovation to gain widespread adoption, trust is paramount,” said Erik Wilgenhof Plante, Chief Compliance Officer at itBit. “itBit was created with compliance, security and customer experience at its core. With this long-term vision, we believe that we will be able to build the trust needed to be successful with both institutional and retail investors,” added Wilgenhof Plante in a post on the company’s blog.

Wilgenhof Plante started his banking career in 1996 in Amsterdam at ABN AMRO. He earned a bachelors degree in law at the University of Amsterdam, and earned an MBA from Webster University, St. Louis. He is based in Singapore.

Bobby Cho to join as Director in New York

Cho joined itBit as a Director based in New York City focused on business development and new initiatives at itBit. Prior to joining itBit, Cho spent six years at SecondMarket trading Bitcoin and other illiquid financial products and securities. He is active in the Bitcoin industry and a fixture on the speaker circuit as a thought leader. He holds a degree from Villanova University.

“Bobby is a well-known figure in the Bitcoin industry and we are excited to gain his talents and insights,” added Teo.

“Coming from a traditional Wall Street environment, I see the huge opportunity for a credible, regulated Bitcoin exchange to make a significant impact on the growth of the Bitcoin ecosystem,” said Cho. “I am excited to join the itBit team to seize this opportunity and continue to bring trust and transparency to the market.”

For more information, and to sign up as a user, visit
About itBit
itBit offers a secure global currency exchange for trading fiat currencies with digital currencies like Bitcoin. The exchange provides investors with high liquidity and advanced security, storing clients’ bitcoin offline in deep cold storage. itBit employs extensive know-your-customer and monitoring systems to ensure the highest compliance standards, similar to international banks. The company is venture-backed by Canaan Partners, RRE Ventures, Liberty City Ventures and angel investors including Jay W. Jordan II and Ben Davenport. To learn more, visit
Media inquiries:
Source: itBit

Written by asiafreshnews

May 12, 2014 at 11:04 am

Posted in Uncategorized

Carlson Rezidor Seals Global Partnership with Singapore Airlines

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Club Carlson and KrisFlyer members to benefit from more rewards options

SINGAPORE, May 8, 2014 /PRNewswire/ — Carlson Rezidor Hotel Group is pleased to announce a new global partnership with KrisFlyer, the frequent flyer programme of Singapore Airlines. From March 1, 2014, KrisFlyer members can earn miles for stays at more than 1,000 Carlson Rezidor hotels around the world. In addition, members of Carlson Rezidor’s Club Carlson rewards program have the option of earning either Club Carlson Gold Points® or KrisFlyer miles for their stays.

“We are rolling out the red carpet to welcome KrisFlyer members into the world of Club Carlson privileges. Now, they can earn points or miles when they stay at our Radisson Blu®, Radisson®, Park Plaza®, Park Inn® by Radisson and Country Inns and Suites hotels located in major cities and holiday destinations, including New York, London, Beijing, Chicago, Delhi, Kathmandu, Mumbai, Phuket, Sydney, Tahiti and Tokyo. As Club Carlson members, KrisFlyer members will enjoy a host of privileges including Free Internet and the fastest free Award Nights redemption program in the industry starting at only 9,000 points. Guests will experience engaging hospitality based on our unique Yes I Can! service promise that is backed by a 100% satisfaction guarantee that our hotels are known for,” said Lucinda Semark, executive vice president, Revenue Generation, Asia Pacific, Carlson Rezidor Hotel Group.

Under the global partnership, KrisFlyer members who stay at Radisson Blu®, Radisson®, and Park Plaza® will be awarded 500 miles for each stay and for stays at Country Inns & Suites By Carlson and Park Inn® by Radisson hotels they will earn 250 miles per stay.

To celebrate the partnership, Club Carlson is offering an exclusive promotion granting all PPS Club and KrisFlyer Elite Gold Members with 1,000 KrisFlyer Miles per eligible stay and an automatic complimentary upgrade to Club Carlson Gold Elite Status, when they join Club Carlson. To enjoy this promotion, KrisFlyer members must register for the promotion by May 31, 2014 at and complete an eligible stay of at least one night between April 15, 2014 and June 30, 2014 at any of the Radisson Blu®, Radisson®, Park Plaza®, Park Inn® by Radisson, or Country Inns & Suites By Carlson hotels in Asia Pacific.

Club Carlson members with Gold Elite Status enjoy the following benefits:

An additional 35% Gold Points® bonus on every Eligible Stay
A 15% discount at our all-day dining restaurants
Welcome Gift upon arrival
Complimentary room upgrades when available
Early check-in and late checkout upon request when available
Aside from the usual suite of privileges extended to a Club Carlson member, guests who register for the promotion will also earn 20 Gold Points® per U.S. dollar spent on accommodation as well as food and beverage consumption charged to the room during their eligible stays.

About Carlson Rezidor Hotel Group
Carlson Rezidor Hotel Group is one of the world’s largest and most dynamic hotel groups. The Carlson Rezidor portfolio includes more than 1,340 hotels in operation and under development with a footprint spanning over 105 countries and territories and a powerful set of global brands including Quorvus Collection, Radisson Blu®, Radisson®, Radisson Red, Park Plaza®, Park Inn® by Radisson and Country Inns & Suites By Carlson. Carlson Rezidor plans to grow its portfolio to nearly 1,500 hotels in operation and under development by 2015. In most hotels, guests can benefit from Club Carlson, one of the most rewarding loyalty programs in the world. Carlson Rezidor and its brands employ 88,000 people.
Carlson Rezidor Hotel Group is headquartered in Minneapolis, Minn., and Brussels, Belgium.
About Club Carlson
Club Carlson is the global hotel rewards program from Carlson Rezidor Hotel Group.Club Carlson is one of the world’s most rewarding hotel loyalty programs. Members enjoy rich benefits at more than 1,000 Carlson Rezidor hotels around the globe including Radisson Blu®, Radisson®, Park Plaza®, Park Inn® by Radisson and Country Inns & Suites By Carlson. Club Carlson offers members exceptional hotel experiences, enhanced services and the ability to earn and redeem rewards remarkably fast with free Award Nights starting at 9,000 Gold Points® and no blackout dates on standard rooms. Members enjoy free Internet access as well as valuable redemption options such as prepaid cards, PayPal deposits, airline miles and more. Members who stay more and earn Elite Status enjoy exclusive benefits including: complimentary room upgrades, early check-in and late checkout, and Elite Rollover Nights. For more information, full terms and conditions and to enroll, please visit
About Singapore Airlines
When Singapore Airlines was formed in 1972, it operated a modest fleet of 10 aircraft to just 22 cities in 18 countries. With a commitment to fleet modernisation, product and service innovation and market leadership, the Airline quickly distinguished itself as a world-class carrier. Today, Singapore Airlines operates a modern passenger fleet of 103 aircraft and its network, including Singapore Airlines Cargo and SilkAir destinations, covers a total of 105 destinations in 39 countries. In October 2007, Singapore Airlines, a member of the Star Alliance, made aviation history again as the first to fly the world’s largest passenger aircraft, the Airbus A380.
Contact details
Tracy Lui, Carlson Rezidor Hotel Group | +65-9839-4095 |
Ben Gardeen, Carlson Rezidor Hotel Group | +1-763-212-1418 or +1-763-212-8129 |
Source: Carlson Rezidor Hotel Group

Written by asiafreshnews

May 12, 2014 at 10:33 am

Posted in All releases

Hyatt Regency Danang Launches Family-Friendly Summer Package

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DANANG, Vietnam, May 8, 2014 /PRNewswire/ — When planning a family holiday, it can prove challenging to please everyone. However, Hyatt Regency Danang Resort & Spa is confident to make everyone happy.

Children can enjoy any one of the five swimming pools including one with a sandy beach, rock climbing, beach football, beach volleyball and a range of other beach activities including kite flying. Younger children will find the Camp Hyatt an exciting and interactive place with games and the ability to mingle with other young children.

A wide stretch of sandy beach with stunning sea view will appeal to parents, couples and young adults. There are three restaurants, one deli and a lounge where guests can avail classic Vietnamese dishes, Italian fares and western specialties. The Terrasse Lounge is an ideal place to relax to enjoy live or recorded sports events on large wall mounted television sets. There is also a billiard table for those who want to enjoy a game of pool. The outdoor area of the Pool House is a favourite haunt for those who would like to enjoy their drinks against a picturesque view of the sea. This outlet is also opened for lunch and there is a live music performance during dinner. Beach House is an intimate dining outlet serving Vietnamese and Western dishes. One can opt for a cozy indoor seating or choose an outdoor table by the sea front at this outlet. Green House serves buffet breakfast, lunch and dinner specializing in Italian fares. For those who want to have a quick cup of coffee or a nice sandwich, Baguette offers this service. VIE Spa offers a wide range of spa and wellbeing treatments and for those who wants to continuously stay fit, there is a fully equipped gymnasium as well as sauna, steam rooms, Jacuzzi and plunge pool.

From May 3-September 14, the resort is offering a Summer Package which includes one hour’s access to Camp Hyatt per stay for a maximum of two children; F&B credit of VND1 million per stay; 20% discount at VIE Spa; and daily breakfast.

Hyatt Regency Danang Resort & Spa is situated on an immaculate white-sand beach with sweeping views of the East Vietnam Sea. Flanked by the Marble Mountains, the resort is 15 minutes from the international airport and a stone’s throw from multiple cultural attractions including three Unesco World Heritage sites: the Complex of Hue Monuments; Hoi An Ancient Town; and My Son Sanctuary. Guests can also take a speedboat to Cham Islands; tour the countryside by electric scooter; catch a cable car to Ba Na Hills; explore Bach Ma National Park; visit the Museum of Cham Sculpture; and golf at two international-class courses.

“With our beachside location, Unesco World Heritage sites within close proximity and facilities that may appeal to everyone, Hyatt Regency Danang has all the ingredients to offer holidaymakers the perfect family holiday,” says General Manager Zulki Othman. “Added to that, Danang is easily accessible from Ho Chi Minh City, Hanoi, Hong Kong, Singapore and Seoul with direct flights on a daily basis.”

Check out resort’s website at for more information.

About Hyatt Regency

Hyatt Regency hotels are conveniently located in urban, suburban, airport, convention and resort destinations around the world. Properties range in size up to 2,000 rooms, feature intimate and large meeting spaces and offer a full range of services and dining options tailored to serve the needs of convention visitors, business travellers and resort vacationers. Hyatt Regency enables all guests — whether they are travelling to work, unwind or gather in celebration — to feel productive and revitalised. For more information, please visit

Download Hyatt Regency’s Photos at


Nguyen Thi Hoang Anh
Marketing & Communication Manager

About Hyatt Regency
Hyatt Regency hotels are conveniently located in urban, suburban, airport, convention and resort destinations around the world. Properties range in size up to 2,000 rooms, feature intimate and large meeting spaces and offer a full range of services and dining options tailored to serve the needs of convention visitors, business travellers and resort vacationers. Hyatt Regency enables all guests — whether they are travelling to work, unwind or gather in celebration — to feel productive and revitalised. For more information, please visit
Download Hyatt Regency’s Photos at
Nguyen Thi Hoang Anh
Marketing & Communication Manager
Source: Hyatt Regency Danang

Written by asiafreshnews

May 12, 2014 at 9:39 am

Posted in All releases