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Archive for June 6th, 2014

Singapore’s First Quarter Growth Outshines Forecast

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SINGAPORE, June 4, 2014 /PRNewswire/ — According to recent data released by Singapore’s Ministry of Trade and Industry (MTI), Singapore’s gross domestic product (GDP) grew by 2.3% on a quarter-on-quarter seasonally adjusted annualized basis. The figures were compiled after rebasing effects, with the base year for the national accounts now set to 2010 instead of 2005. The revised GDP formula takes into account new elements, including the capitalization of research and development expenditure and employers’ pension contributions. The data beats the forecast of the economist who placed the growth for the quarter in the region of 1% and significantly overshoots the government estimates of 0.1% expansion.

The data provides relief and reassurance when China’s growth is slowing from a sprint to a jog and domestically oriented industries are crippled by the labor crunch. Singapore’s economy has been growing at a steady pace in recent quarters on the back of solid manufacturing output with a pick-up in demand from developed economies such as the US. The Euro zone is also showing flickers of growth with the fiscal policies becoming more accommodative.

The quarter’s growth was majorly driven by the robust performance of the manufacturing sector, which was lifted by the recovery in the west. The sector registered a QoQ growth of 11.9%. The sharp rebound in the biomedical manufacturing cluster, as well as stronger growth in the chemicals and transport engineering segments, aided the strong performance of the manufacturing sector.
The finance and insurance sector expanded by 5.4% YoY, moderating from the 10.5% growth in the previous quarter. The QoQ growth data was a sharp deceleration, from 26% in the preceding quarter it dropped to 3.5%, however the moderation was anticipated after the overwhelming growth in the preceding quarters. The negative market sentiments also weighed back the sector. The construction sector and the wholesale and retail sector also grew by 0.6% on a QoQ basis, much lower than their growth rate of 10.6% and 7.7% respectively in the previous quarter.
Singapore’s trade dependent economy is highly sensitive to global economic events and some economists have highlighted the risks this presents. Uncertainties still prevail over the US monitory policy and domestically, despite the efforts to push productivity, the labor crunch may also eventually impede the now robustly growing manufacturing sector. The inherent risks surrounding the economy cannot be overlooked; the impact could be dismal if the US decides to unwind the stimulus measures abruptly and China’s growth tumbles dangerously because of its measures to control the credit growth.

Commenting on the economic data, Jacqueline Low, COO of Guidemesingapore, says “Although the YoY growth of 4.9% was a little lower than the estimated 5.1%, the 4.9% growth is positive and it is in line with the previous quarters. It does not indicate any integral economic weakness but reflects the markets’ adjustments to the economic restructuring measures implemented. The construction sector slowed because the private sector lulled following the cooling measures undertaken by the government, and the domestically oriented sectors like the retail and services moderated because of the operational challenges faced due to the labor crunch. However, we believe that it is only a transition phase and eventually the market will bounce back with a stronger growth rate aided by the global economic recovery and strong domestic demand.”

Adding further “We find that business sentiments continue to remain positive; the activities are gaining momentum as seen from the business incorporation data. Our report published for the first quarter of this year shows that there has been phenomenal growth in the numbers; there was an 11.7% increase in businesses registered from the preceding quarter. This indicates that Singapore has strong economic fundamentals and any moderation is just a transition. We remain confidant that the whole year growth will surpass the estimates. ”

Source: Janus Corporate Solutions

Written by asiafreshnews

June 6, 2014 at 5:34 pm

Posted in All releases

Silicon Labs’ Touchstone Analogue IC Products Now Available from RS Components

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RS boosts global access to Silicon Labs’ broad range of low-power, high-performance analogue ICs

SINGAPORE, June 3, 2014 /PRNewswire/ — RS Components (RS), the trading brand of Electrocomponents plc (LSE: ECM), the global distributor for engineers, is now stocking low-power, high-performance analogue integrated circuit (IC) products developed by Touchstone Semiconductor and recently acquired by Silicon Labs to complement its embedded portfolio for the Internet of Things (IoT) market. RS will provide an inventory and logistics service for these analogue IC products in Europe, the Middle East and Africa (EMEA) and Asia Pacific.

The Touchstone analogue products purchased by Silicon Labs include operational amplifiers, analogue-to-digital converters, comparators, current sense amplifiers, power management ICs, timer ICs, voltage detectors and voltage references. These devices target a wide range of IoT, industrial control, consumer electronics and instrumentation applications. The analogue products are all now available to purchase in industry-standard reels through multiple RS channels, including the distributor’s online and print catalogues.

In addition to these core analogue IC products, Silicon Labs provides a selection of simple, affordable evaluation boards to expedite development time for design engineers using the range of Touchstone products. These evaluation boards too can be purchased from RS.

“Cost, performance, and fast availability are all key considerations for analogue designers,” said Jonathan Boxall, Global Head of Semiconductors at RS Components. “With its recent purchase of Touchstone’s assets, Silicon Labs now offers a broad portfolio of low-cost, high-performance analogue devices off-the shelf to help engineers achieve their design goals more quickly.”

“RS is widely recognised for its strong semiconductor line card, and their customers receive excellent service worldwide throughout their sourcing and purchasing experience,” said Phil DeMarie, Vice President of Global Channel Sales at Silicon Labs. “This alliance with a major distributor will enhance our opportunities to further expand our analogue IC range and give engineers more choice, easier access and a wealth of online design support through the DesignSpark engineering community.”

About Silicon Labs

Silicon Labs is an industry leader in the innovation of high-performance, analog-intensive, mixed-signal ICs. Developed by a world-class engineering team with unsurpassed expertise in mixed-signal design, Silicon Labs’ diverse portfolio of patented semiconductor solutions offers customers significant advantages in performance, size and power consumption. For more information about Silicon Labs, please visit

About RS Components

RS Components and Allied Electronics are the trading brands of Electrocomponents plc, the global distributor for engineers. With operations in 32 countries, we offer around 500,000 products through the internet, catalogues and at trade counters to over one million customers, shipping more than 44,000 parcels a day. Our products, sourced from 2,500 leading suppliers, include semiconductors, interconnect, passives and electromechanical, automation and control, electrical, test and measurement, tools and consumables.

Electrocomponents is listed on the London Stock Exchange and in the last financial year ended 31 March 2014 had revenues of £1.27bn.

For more information, please visit the website at

Further information is available via these links:
@RSElectronics; @alliedelec; @designsparkRS

RS Components on Linkedin

RS Components on Weibo

Relevant Links:

Electrocomponents plc

RS Components

RS Components
Tan Soo Chun
Public Relations Manager – Asia Pacific
Telephone: +65-6391-5745

Edelman Public Relations (Singapore)
Yvette Yeo
Telephone: +65- 6347-2355

Source: RS Components

Written by asiafreshnews

June 6, 2014 at 4:29 pm

Posted in Uncategorized

KMC Solutions Launches One of the Largest Serviced Offices in the Philippines

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MANILA, Philippines, June 4, 2014 /PRNewswire/ — KMC Solutions (KMCS), a leading staff leasing and serviced office provider in the Philippines, has officially opened the doors of its fourth serviced office on June 4, 2014 in 11/F SM Aura Office Tower, Bonifacio Global City, Taguig. The new serviced office is one of the largest plug-and-play facilities in the country, offering 400 fully equipped seats in a 20,000-square ft. office space.

OFFICE SPACE AND ROOMS FOR TEAMS OF ALL SIZES. KMC Solutions’ new serviced office currently has 200 seats available for teams ranging between 3 and 140 employees.
OFFICE SPACE AND ROOMS FOR TEAMS OF ALL SIZES. KMC Solutions’ new serviced office currently has 200 seats available for teams ranging between 3 and 140 employees.
“The main advantage of our new SM Aura facility is its wide range of office fit-outs, offering more flexibility in terms of growth for our clients and tenants,” said Thomas Cragg, VP for Sales. “We can accommodate small teams composed of 1-10 people as well as larger teams with as many as 140 people.”

Aside from offering spacious rooms, KMCS’ new business center is also slated to be one of the most technologically advanced in the Philippines.

“We have partnered with Dell for the core infrastructure for the technological capabilities of our new site,” stated Clinton Marsh, Chief Technology Officer.

According to Marsh, the new system will ensure that network services will be more effective and reliable. “With the core infrastructure provided by Dell, KMC Solutions will have state-of-the-art capabilities in mitigating security risks that will ensure consistently stable network services for our clients.”

More offices in pipeline for 2014

KMC Solutions also expanded its offices in Ortigas and Makati.

“The new business center in SM Aura is not the only new office in KMC Solutions’ pipeline for 2014,” shared Michael McCullough, Managing Director, “We have also launched new offices in V Corporate Center in Makati and Unionbank Plaza in Ortigas.”

Both offices are already fully operational. V Corporate Center serviced office offers over 200 seats in an 11,000-square ft. office space, while Unionbank Plaza, a 16,000-square ft. office, has 450 seats and is already fully leased out to one of KMC Solutions’ clients.

According to McCullough, the company’s decision to quickly expand is due to the high demand for serviced offices by the continuously growing BPO sector in the Philippines. “BPO firms are always in need of fast and cost-effective solutions,” said McCullough, “Plug-and-play facilities fulfill that requirement as they allow businesses to set up and operate within days, instead of having to wait for 6 to 12 months, which is often the case for traditional offices.”

Chairman Gregory Kittelson added, “This is how serviced offices serve as vehicles for foreign companies to quickly set up in the Philippines. By utilizing serviced offices, investors save time and money, reducing risks and allowing them to immediately start operations in a prime office building in a central business district.”

For more information on the new serviced offices, visit

About KMC Solutions, Inc.
KMC Solutions is the leading outsourcing and offshoring corporate services provider in the Philippines. Our company delivers effective business solutions through a seamless integration of services, together with our sister companies: KMC MAG Group, Inc., the country’s top real estate services firm, and Kittelson & Carpo Consulting, a business consultancy firm. Since 2009, the group has assisted over 500 companies in successfully transitioning and establishing operations in the Philippines. Our firm offers a full suite of seat leasing and serviced office solutions for companies setting up operations in Metro Manila including HR and payroll management, serviced office facility and technology management, and staff/employee leasing.
KMC Solutions is founded and managed by two American IT-BPM Consultants, Gregory Kittelson and Michael McCullough, and a Philippine corporate lawyer, Amanda Rufino Carpo-Bond. Currently, KMC Solutions operates six serviced office facilities in the country’s top 3 major CBDs: Makati, Bonifacio Global City, and Ortigas.
For more information about this release, please contact:
Yves Luethi, Vice President for Marketing and Business Development
KMC Solutions
Tel: +63-2-403-5519
Source: KMC Solutions, Inc.

Written by asiafreshnews

June 6, 2014 at 2:51 pm

Posted in Uncategorized

Goodman Commences Rollout of a US$1.4 Billion US Development Pipeline, with Launch of a $US150 Million Southern California Project

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LOS ANGELES, June 5, 2014 /PRNewswire/ — Goodman Group (Goodman or Group), Australia’s largest listed industrial property group, with a global network spanning 33 cities and US$24.5 billion (A$26.4 billion) of assets under management, today announces that its wholly owned North American subsidiary, Goodman Birtcher has launched the development of a new US$150 million logistics center at Rancho Cucamonga in the Inland Empire West market of Southern California. The new project will be marked by an official ground breaking event and also signals the launch of a 15 million sq ft (1.4 million sqm) development pipeline in key US logistics markets, which will result in US$1.4 billion of development work in progress from Goodman Birtcher’s operations over the next three years. It also follows the recent practical completion of Goodman Logistics Center Oakland, a new US$45 million logistics facility in the Bay area’s logistics hub.

Artist’s impression – Goodman Logistics Center Rancho Cucamonga, CA
Key points:

Executing on North American development-led investment strategy of prime quality logistics and industrial assets in key logistics hubs to address limited supply.
Secured eight prime sites in key logistics markets, including California, Pennsylvania and New Jersey, providing a 15 million sq ft (1.4 million sqm) development pipeline.
North America expected to become a key market for Goodman over the next four years, contributing significantly to the Group’s US$24.5 billion (A$26.4 billion) of assets under management.
Southern California development portfolio comprising approximately 343 acres of land across five locations in infill Los Angeles and the Inland Empire West markets.
The five Southern California development projects provide a total combined completion value of US$775 million.
Development commenced on a 74.9 acre site at Rancho Cucamonga in the Inland Empire West of a 1.6 million sq ft (148,000 sqm) logistics center, comprised of two facilities.
Letter of intent signed for a portion of the space at Goodman Logistics Center Oakland, with customer negotiations being finalised on the remaining space.
US strategic progress

Consistent with its development-led strategy in North America, Goodman Birtcher has progressed through intensive land procurement and much of the planning phases since its launch in the US market in June 2012. This has enabled Goodman Birtcher to secure strategically located, class A sites in key logistics locations near urban centers and key transport infrastructure across its primary target markets of California, Pennsylvania and New Jersey.

Goodman Group CEO, Mr. Greg Goodman said: “We are very pleased with the progress being made in our North American business. Our focus over the past two years has been to assemble a high quality portfolio of class A sites in our target locations and we are now ready to commence the rollout of a significant development program, at a time when key US investment demand drivers are recovering and the supply of high quality, big box warehouse space remains limited.”

Goodman currently has approximately US$2.5 billion (A$2.7 billion) of development work in progress globally, with North America expected to contribute around US$1.4 billion to the total development workbook over the next three years.

“As a long-term owner of high quality assets, with capital in place through our partnership with Canada Pension Plan Investment Board, and the ability to draw on our global expertise, development capability and customer relationships, Goodman Birtcher is well positioned to provide our North American customers with a flexible and innovative product and service offering,” Mr. Goodman added.

Goodman Logistics Center Rancho Cucamonga

Goodman Birtcher acquired the 74.9 acre property at Rancho Cucamonga in 2012 and is developing a new logistics center offering a total of 1,589,946 sq ft (148,000 sqm) of prime quality logistics space at the strategically located site. The logistics center has been named Goodman Logistics Center Rancho Cucamonga and will comprise two cross-dock facilities of 555,664 sq ft (52,000 sqm) and 1,034,282 sq ft (96,000 sqm), which are expected to complete in March 2015 and May 2015 respectively.

Brandon Birtcher, CEO Goodman Birtcher said: “We are very pleased to be launching the development of Goodman Logistics Center Rancho Cucamonga. The project positions us well to take advantage of the significant demand for class A logistics and warehousing space in the key Inland Empire West market, particularly for Big Box facilities of greater than 500,000 sq ft (46,000 sqm).”

“With 1.6 million sq ft (148,000 sqm) of new space under construction, Goodman Logistics Center Rancho Cucamonga offers the only distribution warehouse space of this size in the local market, while its flexible design is capable of satisfying the requirements of a broad range of customer groups.”

The two cross-dock facilities being constructed have a flexible and sustainable design, catering to a range of potential uses and would be well suited for logistics and e-commerce customers. Both buildings will offer a clear height of 36 feet (11 metres), ample trailer parking stalls, superior site access and manoeuvring space, with generous truck court depths of a minimum 185 feet (56 metres).

Goodman Logistics Center Rancho Cucamonga is well located in close proximity to transport infrastructure, being less than one mile from the 15 freeway, less than two miles from the 10 freeway and seven miles from Ontario International Airport.

A ground breaking event to launch its first wave of developments in Southern California, including Goodman Logistics Center Rancho Cucamonga, will take place at the Auto Club Speedway in Fontana on Wednesday, 4 June. In attendance will be the Mayor of Rancho Cucamonga, Mr. Dennis Michael, together with city council members, local municipal and planning agencies, brokers and all parties directly associated with the development.

Other Southern California development opportunities

Goodman Birtcher has built a substantial land bank in the key Southern California logistics market, providing a range of opportunities to benefit from the limited supply of high grade, large format industrial space. In addition to Rancho Cucamonga, a further 269 acres of developable land is available across a number of sites, which are currently at different stages of the planning approval process.

Identified projects in Southern California include:

Goodman Logistics Center Fontana — a recently acquired 30 acre site in Fontana for the planned development of a single 639,000 sq ft (59,000 sqm) logistics facility.
Goodman Commerce Center Eastvale — a 181 acre site located within the City of Eastvale and adjacent to the 15 freeway. It offers a mixed-use development plan providing a variety of potential uses including retail, medical, hospitality, office, business park and light industrial totalling 3.7 million sq ft (344,000 sqm).
Goodman Logistics Center Santa Fe Springs — a master planned 53 acre site offering a planned total of 1.2 million sq ft (111,000 sqm) of warehouse distribution facilities across three buildings.
Goodman Logistics Center Compton — a 5 acre site offering the planned development of approximately 102,000 sq ft (9,500 sqm) logistics facility, located just two miles from the 110 and 105 freeways.
“The range of projects we are bringing to the Southwest market will enable us to deliver up to a total of 6.2 million sq ft (576,000 sqm) of new class A industrial product and facilitate the rollout of our quality service offering for customers across the region,” Mr. Birtcher said.

Written by asiafreshnews

June 6, 2014 at 1:19 pm

Posted in Uncategorized