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For Singaporeans, 50 is the new 45

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-Nine in 10 Singaporeans aged over 50 believe that a positive attitude is key to feeling younger, while laughing is the best anti-ageing medicine

SINGAPORE, Aug. 27, 2014 /PRNewswire/ — A new study reveals that 70 per cent of Singaporeans over the age of 50 feel five years younger than their actual age.

GSK launches a fun, consumer version of the Inner Age Index for Singaporeans to find out their inner age. Find out your inner age at www.actyourinnerage.com.sg
GSK launches a fun, consumer version of the Inner Age Index for Singaporeans to find out their inner age. Find out your inner age at http://www.actyourinnerage.com.sg

The Inner Age Index[1], commissioned by leading healthcare company GSK, provides new insight on Singaporean attitudes towards growing older as the nation faces a shrinking and ageing population. The study explores the concept of “inner age” — how old someone perceive themselves to be as compared to how old they actually are — and how ageing is perceived through a Singaporean lens.

The results of the study show that ageing is more about attitude than the physical passing of time. The results reveal that nine in 10 Singaporeans aged over 50 believe that a positive attitude is the key to feeling younger, while laughing is the best anti-ageing medicine. Those with a younger inner age were also more likely to report they’re living life to the full (85 per cent), and feel more fulfilled now than ever before (72 per cent).

In addition, many Singaporeans over the age of 50 years report feeling good about their appearance with 81 per cent stating that they like to look their best and 74 per cent feeling proud to reveal their real age.

Mr Gijs Sanders, General Manager of GSK’s Consumer Healthcare business in Singapore, says that these findings challenge traditional perceptions of ageing.

“People over the age of 50 now make up almost a quarter of the population in Singapore. While there is currently much discussion around the health and societal implications of an ageing population, our study shows that the vast majority of Singaporeans over the age of 50 feel youthful, vibrant and are not defined by age.”

“GSK conducted the Inner Age Index because we believe the current national conversation about ageing can be really positive as people take the opportunity to pursue long-held passions and lead a fulfilled lifestyle. By encouraging this conversation we hope to encourage Singaporeans over the age of 50 to do more, feel better and live longer.”

The Inner Age Index found that the majority (75 per cent) of older Singaporeans like to stay socially active and many (64 per cent) believe that being over 50 means they have finally found the time to realise passions, such as socialising with friends, travelling, playing sports and exercising. When asked if they could go back in time, nearly two in five survey participants said they wouldn’t change a thing.

There was also a strong relationship between Singaporeans with a younger inner age and a positive perception of health, and more than half (57 per cent) of respondents stated they are proactive when it comes to taking care of their own health.

Find out your inner age using The Inner Age Test — an adapted consumer version of the Inner Age Index. To take the test, visit actyourinnerage.com.sg

[1] The Inner Age Index. A face-to-face survey of 150 Singaporeans conducted by Edelman Berland, commissioned by GSK. July 2014.

For more information or to request an interview, please contact:

Jolene Ng

Edelman

Jolene.Ng@edelman.com

Tel: +65-6347-2314

Melissa-Anne Bheem

Edelman

Melissa-Anne.Bheem@edelman.com  

Tel: +65-6347-2341

About the Inner Age Index

The Inner Age Index, commissioned by GSK and conducted by global market research and strategic consulting firm Edelman Berland, is a survey of Singaporeans aged over 50 on their perceptions, attitudes and behaviours towards ageing. The survey was conducted with 150 Singaporean citizens aged 50 and above from across the island.

The inner age of a person, in contrast to the real or chronological age of a person, is a subjective representation of how old a person acts or feels. This means that “inner age” is not a scientifically defined term. It is not representative or indicative of the participant’s physical ability or well being or be relied upon as a representation of such.

GSK has developed the Inner Age Index to create awareness and facilitate a dialogue concerning the challenges and solutions for an increasingly ageing population.

About GSK

GSK, one of the world’s leading research-based pharmaceutical and healthcare companies, is committed to improving the quality of human life by enabling people to do more, feel better and live longer.  For further information please visit www.gsk.com.

About RSVP Singapore

RSVP’s mission is to provide opportunities for people over 50 to serve the community with their talent and experience through purpose-driven volunteerism.  Whether it’s playing a musical instrument, taking up photography or learning the latest in ICT, RSVP volunteers pursue their passions by sharing and giving back to the community. They not only lead active and fulfilled lives but also give joy to others in society who are less fortunate than themselves. They believe that volunteerism while pursuing your interests and abilities can come together for a positive ageing experience.

Photo – http://photos.prnasia.com/prnh/20140826/8521404788

Source: GSK

Written by asiafreshnews

August 28, 2014 at 10:24 am

Posted in Uncategorized

China Investor Sentiment Plunges, Yet Most Still Optimistic China Will Lead Growth – Manulife Survey

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— China investor sentiment falls to its lowest level; sharpest declines in equities, property
— Japan’s economy divides opinion: investors optimistic in SE Asia, pessimistic in Greater China
— Rising sentiment in Singapore and Indonesia helps keep overall Asia Index flat

HONG KONG /PRNewswire/ — Investor sentiment in China plunged in the second quarter of 2014 to its lowest level since early 2013 amid concerns about a deterioration in the country’s economic outlook and investment returns, according to new research from Manulife.

Fig.1 Investor sentiment declining across all asset classes in China
Fig.1 Investor sentiment declining across all asset classes in China

The Manulife Investor Sentiment Index* for China fell 12 points during the quarter from 23 to 11, the lowest level for the mainland since the Index was initiated at the start of 2013. The sharp decline seen in China was, however, offset by improved sentiment elsewhere in the region leaving the overall regional index for Asiaunchanged at 24, one point above the US index which was also unchanged quarter on quarter[1].

[1] John Hancock Investor Sentiment Index, June 2014

Investor sentiment in China was down across the board – all six of the asset classes covered in the index posted marked declines. The sharpest falls related to stocks (down19 to -4) and mutual funds (down 22 points to 15). Sentiment towards real estate continued to fall (down 5 to -8), while that towards investors’ own home also hit its lowest level, although at 8 points (down 6) it remained in mildly positive territory.

In stark contrast, investor sentiment in the U.S., the world’s largest economy, was far higher towards mutual funds (49), stocks (46) and property (own home 58, real estate 49), and very negative towards cash (-52) and bonds (-15), keeping the overall American investor sentiment index (at 23) close to the Asia indicator.

“This survey was carried out after several near credit defaults in China which raised concern over the potential for a destabilizing credit event in the ‘shadow banking’ sector. We believe that this, combined with the renminbi’s depreciation in the first five months of the year, a property market slowdown and a string of worrisome economic indicators, which included five months of weak manufacturing PMI figures[2], has led to lower sentiment among investors in China,” said Endre Pedersen, Senior Managing Director, Fixed Income, Manulife Asset Management.

[2] Manufacturing Purchasing Managers’ Index (PMI) fell below 50 in January and troughed in March before recovering to 50.7 for June (numbers over 50 indicate expansion). HSBC Emerging Markets PMI, 1 July 2014.

Regional Investor Sentiment About China’s Growth Outlook Still Very Positive

While domestic investor sentiment in China towards their own market declined, their concerns were not mirrored by most investors overseas. Of the individual markets, China was the clear standout among investors, with those in Indonesia, Malaysia, the Philippines, Singapore, Hong Kong and Taiwan, and all giving China high marks as a market in which to invest (see Fig. 2) – the latter four rating it higher than the United States. By stark contrast, onlyJapan investors rated China negatively as a place to invest.

Fig.2 Asia investors give Mainland China high marks as a place to invest
Fig.2 Asia investors give Mainland China high marks as a place to invest

Within Asia, nearly two-fifths of investors (37 percent) expect China to be one of the top two fastest growing economies in the next two years, by far investors’ top choice, and ahead of the next-favored market, Japan (16), followed by Singapore and India (15), and South Korea (9). Even in China, despite the decline in investor sentiment, investors were nonetheless optimistic about China’s growth prospects over the next two years – in fact, they were the most bullish of all.

“While China’s GDP is running slightly under the government’s full-year target of 7.5 percent, we agree with general investor sentiment that it will remain one of the fastest growing economies in the region in the coming years,” said Pedersen. “GDP growth was better than expected for the second quarter of 2014 as stimulus measures – including targeted monetary policy loosening – continue to work their way through the economy. All things considered, we expect China’s full-year GDP growth to be close to the government’s official 7.5 per cent target.

“As China shifts gears to promote domestic consumption as a foundation for more self-sustaining economic growth, reforms are likely to cause a degree of short-term economic pain. However, it should be noted that such pain in the China context likely means the continuation of relatively robust economic growth when compared to developed markets. At the same time, as China goes down this path, the broader region is expected to benefit as demand for low-value-add, highly capital intensive export industries shifts to neighboring markets which offer cost-saving advantages.”

Investor Sentiment on Japan Divided

In contrast to the generally positive views on China, investors across Asia were split on Japan. Investors in the Philippines, Indonesia and Malaysia rated Japan about the same or higher than China in terms of being a good place to invest. Investors across Greater China, however, rated Japan’s investment potential negatively. A similar pattern was evident in investors’ views of Japan’s economic growth prospects. While the three emerging South East Asia markets said they expected Japan to be at least the second fastest-growing economy over the next two years, those in Greater China were far less optimistic, variously rating India, South Korea and Singapore ahead of Japan.

“A degree of caution is warranted with regard to Japan. Some investors may be interpreting the past 18 months of relatively robust stock market conditions as evidence of underlying economic strength,” explained Pedersen. “While we acknowledge that Japan’s economic growth prospects have somewhat improved since the launch of Abenomics – the Abe administration’s economic stimulus program – recent economic data has raised questions about the sustainability of the effects. Thus, we believe it is premature to expect rapid acceleration of economic growth in Japan in the near future.”

Rising Sentiment in Singapore and Indonesia Keeps Regional Index Flat

Overall regional sentiment was flat largely because of big increases in other parts of the region, notablyIndonesia and Singapore. In Indonesia, sentiment jumped nine points to that market’s second-highest level in the survey’s series, led by big increases in sentiment towards fixed income (up 19 to 56) and equities (up 13 to 21). In Singapore, sentiment rose five points to 15, its highest level since the survey was initiated, driven by a rebound in sentiment towards investing in both primary residence (up 10 to 23) and other real estate (up 3 to -8).

For more information on the Manulife Investor Sentiment Index in Asia, please visit www.manulife-asia.com.

*About Manulife Investor Sentiment Index in Asia

Manulife’s Investor Sentiment Index in Asia is a quarterly, proprietary survey measuring and tracking investors’ views across eight markets in the region on their attitudes towards key asset classes and related issues. The Index is calculated as a net score (% of “Very good time” and “Good time” minus % of “Bad time” and “Very bad time”) for each asset class. The overall index is calculated as an average of the index figures of asset classes. A positive number means a positive sentiment, zero means a neutral sentiment, and a negative number means negative sentiment.

The Manulife ISI is based on 500 online interviews in each market of Hong Kong, China, Taiwan, Japan, andSingapore; in Malaysia, Indonesia and the Philippines it is conducted face-to-face. Respondents are middle class to affluent investors, aged 25 years and above who are the primary decision maker of financial matters in the household and currently have investment products.

The Manulife ISI is a long-established research series in North America. The Manulife ISI has been measuring investor sentiment in Canada for the past 15 years, and extended this to its John Hancock operation in the U.S. in 2011. Asset classes taken into Manulife ISI Asia calculations are stocks/equities, real estate (primary residence and other investment properties), mutual funds/unit trusts, fixed income investment and cash.

About Manulife

Manulife is a leading Canada-based financial services group with principal operations in Asia, Canada and the United States. Clients look to Manulife for strong, reliable, trustworthy and forward-thinking solutions for their most significant financial decisions. Our international network of employees, agents and distribution partners offers financial protection and wealth management products and services to millions of clients. We also provide asset management services to institutional customers. Funds under management by Manulife and its subsidiaries were approximately C$637 billion (US$597 billion) as at June 30, 2014. Our group of companies operates as Manulife in Canada and Asia and primarily as John Hancock in the United States.

Manulife Financial Corporation trades as ‘MFC’ on the TSX, NYSE and PSE, and under ‘945’ on the SEHK. Manulife Financial can be found on the Internet at manulife.com.

About Manulife Asset Management

Manulife Asset Management is the global asset management arm of Manulife, providing comprehensive asset management solutions for institutional investors and investment funds in key markets around the world. This investment expertise extends across a broad range of public and private asset classes, as well as asset allocation solutions. As at June 30, 2014, assets under management for Manulife Asset Management were approximately C$300 billion (US$281 billion).

Manulife Asset Management’s public markets units have investment expertise across a broad range of asset classes including public equity and fixed income, and asset allocation strategies.  Offices with full investment capabilities are located in the United States, Canada, the United Kingdom, Japan, Hong Kong, Singapore,Taiwan, Indonesia, Thailand, Vietnam, Malaysia, and the Philippines. In addition, Manulife Asset Management has a joint venture asset management business in China, Manulife TEDA. The public markets units of Manulife Asset Management also provide investment management services to affiliates’ retail clients through product offerings of Manulife and John Hancock. John Hancock Asset Management and Declaration Management and Research are units of Manulife Asset Management.

Additional information about Manulife Asset Management may be found at ManulifeAM.com.

Media Contact:

Saijal Patel

(852) 2202 1382

saijal_patel@manulife.com

David Norris
(852) 2202 1749
david_norris@manulife.com  

Photo – http://photos.prnasia.com/prnh/20140826/8521404760-a
Photo –
http://photos.prnasia.com/prnh/20140826/8521404760-b

Source: Manulife

Written by asiafreshnews

August 27, 2014 at 5:16 pm

Posted in Uncategorized

Singapore Investor Sentiment Hits a New High — Manulife Survey

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– Sentiment boosted by improved outlook on property, fixed income and mutual funds

– Domestic economy ranked top 3 for growth by Singapore investors

SINGAPORE /PRNewswire/ — Singapore investor sentiment rose in the second quarter of 2014 to its highest level since the launch of the Manulife Investor Sentiment Index (MISI)*, driven primarily by a more positive view of the property, fixed income and mutual fund sectors, according to the latest findings from Manulife.

Fig. 1: Singapore investor sentiment hits a new high, moving above Mainland China and Japan
Fig. 1: Singapore investor sentiment hits a new high, moving above Mainland China and Japan

Sentiment among Singapore investors rose by four points in the second quarter to 15, the highest level since the survey was launched in the first quarter of 2013. Improved sentiment towards property was the main reason, with sentiment towards primary residence up 10 points to 23 while investment property climbed out of negative territory by 13 points to 5.

“Clearly Singapore investors have recently regained quite a bit of confidence but it’s important not to lose sight of the fundamentals and still take a measured approach. It’s crucial to actively manage a diversified portfolio to guard against risk and maximize returns,” according to Naveed Irshad, President and CEO of Manulife Singapore.

The proportion of respondents who think it is a good time to invest in their own home rose to 40 percent in the second quarter (from 31 percent in the first quarter). Low interest rates, market stability and, importantly, the view that property prices have corrected to an attractive entry level for investment were key. Private residential property prices fell 1.0 percent in the second quarter of 2014, the third straight quarter of price declines[1].

Of the other asset classes in the index, fixed income (up 4 to 16) and mutual funds (up 2 to 13) also climbed to their highest levels since the survey began. Equities on the other hand showed a small decline (down 3 to 16).

Market Stability and Better Returns Attract Investors to Fixed Income and Mutual Funds

Singapore investors cited market stability and higher returns in fixed income as the main reasons for their increased optimism towards this asset class. There was also increased interest in mutual funds, with low interest rates and the improving employment situation considered key reasons for favoring this type of investment.

“The survey revealed a significant boost in sentiment towards fixed income markets in the second quarter on the back of lower yields in government bonds which resulted from a flight to quality amid uncertainty arising from the situation in Ukraine and geopolitical tension elsewhere,” said Jill Smith, Senior Managing Director with Manulife Asset Management (Singapore).

“While sentiment was buoyant towards fixed income, the survey showed that investors were less optimistic about equities, however, we expect equities to enjoy more favor going forward. In general we are optimistic about equities in developed Asian markets,” Ms. Smith added. “Furthermore, in Singapore, listed companies should continue to benefit from increased economic activity overseas.”

The improvement in overall sentiment during the quarter took Singapore above mainland China and Japan, and pulled it even further ahead of Taiwan and Hong Kong. Only in Indonesia, Malaysia and the Philippines are investors more optimistic, the survey showed.

Singaporeans Place Domestic Economy Third in the Growth Expectation Stakes

Singapore investors’ more upbeat investment sentiment extends to Singapore’s economic growth outlook. Over the next two years, they expect that only China will have faster economic growth. Just over half said they thinkChina will rank first or second for economic growth, India ranks second on 26 percent, followed by Singapore on 17 percent. Some way behind is Japan on 7 percent.

“We see the potential for positive economic growth in Singapore, China and India. Singapore’s economy is highly integrated into the global economy and in particular should continue to benefit from economic growth in other developed countries,” said Ms. Smith. “Meanwhile, we expect China’s full year GDP growth to be close to the government’s official 7.5 percent target for 2014. This is based on higher demand from Western markets plus the feed through from economic stimulus measures implemented in the first half. India’s new government is widely expected to implement economic reforms which will lay a foundation for renewed long-term growth.”

Singapore investors are also very optimistic about investing domestically, with sentiment towards Singapore on 28 points, just behind China on 33 points, but well ahead of Japan on 12 points.

On a regional basis, Singapore investors show a preference for emerging Asian markets (38 points) as a place to invest compared to developed markets in Asia (31 points). They show much less interest in investing in North America (9 points), and emerging and developed European markets (both 5 points), while sentiment towards investing in the Middle East and North Africa is the weakest (at 3 points).

For more findings and related information from the Manulife Investor Sentiment Index in Asia, please visit http://www.manulife-asia.com.

*About Manulife Investor Sentiment Index in Asia

Manulife’s Investor Sentiment Index in Asia is a quarterly, proprietary survey measuring and tracking investors’ views across eight markets in the region on their attitudes towards key asset classes and related issues. The Index is calculated as a net score (% of “Very good time” and “Good time” minus % of “Bad time” and “Very bad time”) for each asset class. The overall index is calculated as an average of the index figures of asset classes. A positive number means a positive sentiment, zero means a neutral sentiment, and a negative number means negative sentiment.

The Manulife ISI is based on 500 online interviews in each market of Hong Kong, mainland China, Taiwan,Japan, and Singapore; in Malaysia, Indonesia and the Philippines it is conducted face-to-face. Respondents are middle class to affluent investors, aged 25 years and above who are the primary decision maker of financial matters in the household and currently have investment products.

The Manulife ISI is a long-established research series in North America. The Manulife ISI has been measuring investor sentiment in Canada for the past 15 years, and extended this to its John Hancock operation in the U.S. in 2011. Asset classes taken into Manulife ISI Asia calculations are stocks/equities, real estate (primary residence and other investment properties), mutual funds/unit trusts, fixed income investment and cash.

About Manulife

Manulife is a leading Canada-based financial services group with principal operations in Asia, Canada and the United States. Clients look to Manulife for strong, reliable, trustworthy and forward-thinking solutions for their most significant financial decisions. Our international network of employees, agents and distribution partners offers financial protection and wealth management products and services to millions of clients. We also provide asset management services to institutional customers. Funds under management by Manulife and its subsidiaries were approximately C$637 billion (US$597 billion) as at June 30, 2014. Our group of companies operates as Manulife in Canada and Asia and primarily as John Hancock in the United States.

Manulife Financial Corporation trades as ‘MFC’ on the TSX, NYSE and PSE, and under ‘945’ on the SEHK. Manulife Financial can be found on the Internet at manulife.com.

About Manulife Asset Management

Manulife Asset Management is the global asset management arm of Manulife, providing comprehensive asset management solutions for institutional investors and investment funds in key markets around the world. This investment expertise extends across a broad range of public and private asset classes, as well as asset allocation solutions. As at June 30, 2014, assets under management for Manulife Asset Management were approximately C$300 billion (US$281 billion).

Manulife Asset Management’s public markets units have investment expertise across a broad range of asset classes including public equity and fixed income, and asset allocation strategies. Offices with full investment capabilities are located in the United States, Canada, the United Kingdom, Japan, Hong Kong, Singapore,Taiwan, Indonesia, Thailand, Vietnam, Malaysia, and the Philippines. In addition, Manulife Asset Management has a joint venture asset management business in mainland China, Manulife TEDA. The public markets units of Manulife Asset Management also provide investment management services to affiliates’ retail clients through product offerings of Manulife and John Hancock. John Hancock Asset Management and Declaration Management and Research are units of Manulife Asset Management.

Additional information about Manulife Asset Management may be found at ManulifeAM.com.

Media Contact:

Cindy Cheng
Manulife (Singapore) Pte Ltd
+65-6833-8162
cindy_cheng_AC@manulife.com

[1] Urban Redevelopment Authority, Singapore (2nd Quarter 2014 Real Estate Statistics)

Photo – http://photos.prnasia.com/prnh/20140825/8521404759

 

Source: Manulife

Written by asiafreshnews

August 27, 2014 at 4:57 pm

Posted in Uncategorized

“My pension won’t cover the bills,” Say Asia Investors — Manulife Survey

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— Almost 9-in-10 investors in Hong Kong and Japan lack confidence in mandatory pensions
— Lack of confidence leads to calls for change in the system
— Only one-in-five Asian investors buy optional retirement plans
— Asia home to the ‘DIY Investor’, with majority missing out on professional advice

HONG KONG /PRNewswire/ — Asian investors don’t believe their mandatory pensions will be sufficient to cover their post-retirement expenses, and would like to see a raft of changes made to the pension system, according to new research from Manulife[1].

Fig. 1 Many Asia investors lack confidence in their mandatory pensions
Fig. 1 Many Asia investors lack confidence in their mandatory pensions

Although pensions are expected to be a top-three source of retirement income, when investors were asked if they were confident that their mandatory pension would be sufficient to satisfy their retirement needs, only 38 percent could answer with a definite “yes”.  The top reason for their lack of confidence was concern the savings from the plan would not be enough to cover their retirement expenses (43 percent). Investors are also worried that investment returns will be too low and that they are unable to predict what they will get from their plans on retirement.

Notable is the fact that where reliance on a mandatory retirement scheme is highest, confidence is lowest. InHong Kong and Taiwan, investors expect state or employer pensions to account for 18 percent of retirement income, while in mainland China and Japan it’s even higher at 30 percent and 31 percent respectively. But with dependence comes insecurity. Almost nine-in-ten investors in Hong Kong and Japan say they lack confidence in their mandatory pensions. In Taiwan the figure is 7-in-10, and even in mainland China, where there’s a strong heritage of state support for those in retirement, almost three-in-five lack confidence.

Investors Call for Changes to the Pension System

Calls for enhancements to the mandatory pension system are however shared Asia-wide. The top request from survey respondents was for more education on retirement planning (65 percent). Other changes requested were for greater flexibility on withdrawing funds before retirement and a wider range of investment choices. Investors also showed a strong preference for the contribution level to be raised, but said they felt the onus should be on the government or employer to contribute more to their pension plan (60 percent) as opposed to themselves (30 percent)

“Mandatory pensions are often investors’ first experience of forced saving for the future, so there’s a learning process in order to understand the features and benefits of their mandatory plan,” said Robert A. Cook, President and CEO, Manulife Asia. “The fact that investors recognize they need more education on retirement planning is a good thing. We encourage all investors to take greater personal responsibility for their own retirement and plan for other sources of income that will support them. Government pensions are a good start, but as investors know, they won’t be enough.”

Few Asia Investors Buy Optional Pension Plans  

Investors’ lack of enthusiasm is even more apparent in the case of private pensions, with only a fifth of Asiainvestors saying they’ve bought an optional pension or retirement plan.

Instead Asia investors expect to turn to other sources of income during their retirement, including savings (26 percent) and returns from other investments such as property (16 percent). However, the survey also shows that Asian investors aren’t managing their portfolios in a way that will generate the returns they need. Just over a third say they review their investment portfolio once a quarter, and changes to portfolio allocation are rare.

“The relatively low ownership of optional pension plans and the sense that government plans won’t be enough sends investors in search of other sources of retirement income,” said Donna Cotter, Head of Wealth Management for Manulife Financial in Asia. “But investors need to be sure that the alternative sources they are relying on will in fact generate the returns they expect, that the level of risk involved is not too high, and that they’re managing a diversified portfolio that will meet their needs.”

DIY Financial Planning Popular; Percentage Seeking Industry Advice Half that of US 

Asia investors express concern about their aptitude when it comes to retirement planning, with more than half (55 percent) admitting that they don’t understand their government pension plan, however, only 25 percent seek advice from a professional financial advisor — just half the level seen in the United States.[2]  The majority (60 percent) simply prefer to manage their own investments and miss out on input from industry professionals, such as financial advisers, insurance agents or bank staff.

The findings show that Japan has the biggest percentage of do-it-yourself investors (76 percent), with Indonesia,Malaysia and Taiwan all above 50 percent. Conversely almost three-in-five investors in the region rely on family, friends and colleagues for their financial planning advice, while just under half use mass media.

“As with a lot of DIY, DIY financial planning makes good sense  when you have the right knowledge, tools and time to dedicate to it, but if not, you can end up with a result that isn’t what you hoped for or that underperforms,” said Donna Cotter, Head of Wealth Management for Manulife Financial in Asia. “Investors have variable levels of financial knowledge and often limited exposure to the various investment options available to them. This creates a greater risk of getting calculations wrong or of overlooking an investment product that could be the perfect fit. Taking the time to check thoroughly with professionals is time well spent.”

For more information on the Manulife Investor Sentiment Index in Asia, please visit www.manulife-asia.com.

*About Manulife Investor Sentiment Index in Asia

Manulife’s Investor Sentiment Index in Asia is a quarterly, proprietary survey measuring and tracking investors’ views across eight markets in the region on their attitudes towards key asset classes and related issues. The Index is calculated as a net score (% of “Very good time” and “Good time” minus % of “Bad time” and “Very bad time”) for each asset class. The overall index is calculated as an average of the index figures of asset classes. A positive number means a positive sentiment, zero means a neutral sentiment, and a negative number means negative sentiment.

The Manulife ISI is based on 500 online interviews in each market of Hong Kong, China, Taiwan, Japan, andSingapore; in Malaysia, Indonesia and the Philippines it is conducted face-to-face. Respondents are middle class to affluent investors, aged 25 years and above who are the primary decision maker of financial matters in the household and currently have investment products.

The Manulife ISI is a long-established research series in North America. The Manulife ISI has been measuring investor sentiment in Canada for the past 15 years, and extended this to its John Hancock operation in the U.S. in 2011. Asset classes taken into Manulife ISI Asia calculations are stocks/equities, real estate (primary residence and other investment properties), mutual funds/unit trusts, fixed income investment and cash.

About Manulife

Manulife is a leading Canada-based financial services group with principal operations in Asia, Canada and the United States. Clients look to Manulife for strong, reliable, trustworthy and forward-thinking solutions for their most significant financial decisions. Our international network of employees, agents and distribution partners offers financial protection and wealth management products and services to millions of clients. We also provide asset management services to institutional customers. Funds under management by Manulife and its subsidiaries were approximately C$637 billion (US$597 billion) as at June 30, 2014. Our group of companies operates as Manulife in Canada and Asia and primarily as John Hancock in the United States.

Manulife Financial Corporation trades as ‘MFC’ on the TSX, NYSE and PSE, and under ‘945’ on the SEHK. Manulife Financial can be found on the Internet at manulife.com.

Media Contact:

Saijal Patel
(852) 2202 1382
saijal_patel@manulife.com

David Norris
(852) 2202 1749
david_norris@manulife.com

 

[1]

Manulife Investor Sentiment Index, Q2 2014.

[2]

Manulife Investor Sentiment Index, Q1 2013

Photo – http://photos.prnasia.com/prnh/20140826/8521404761

Source: Manulife

Written by asiafreshnews

August 27, 2014 at 3:20 pm

Posted in Uncategorized

ISO-TECH High-reliability and Cost-effective Clamp Meters from RS Components Enable Safe and Fast Current Measurements

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-Ideal for use by electricians and maintenance professionals, ergonomically designed and easy-to-use multimeters also provide highly accurate voltage and resistance measurement and continuity testing

 

SINGAPORE, Aug. 26, 2014 /PRNewswire/ — RS Components (RS), the trading brand ofElectrocomponents plc (LSE:ECM), the world’s leading high service distributor of electronics and maintenance products, has announced availability of two new high-reliability clamp meter products that are designed for making safe and non-intrusive current measurements in a range of electrical, panel and equipment maintenance applications.

Clamp meters are ideal tools for making spot checks and verifying system conditions before deploying more specialised tools and incurring additional costs. The compact and ergonomically designed ISO-TECH ILCM03A and ICM30R clamp meters come at prices that are approximately 30% cheaper than leading brands and are must-have devices for any electrician’s or maintenance professional’s toolbox.

The ILCM03A is primarily geared toward current leakage detection, while a key feature of the ICM30R is its ability to make true-RMS AC current readings. Both devices also offer reliable and accurate voltage and resistance measurements as well as continuity testing for circuit breaks.

The ILCM03A clamp meter is a highly portable device with compact dimensions of only 210 x 62 x 35.6mm. It also has a single large rotary function-selection switch enabling one-handed measurement and a large backlight 3.75-digit LCD with an analogue bar graph, making it a tool that is easy to use and easy to read in any environment. The meter also offers a large-jaw design that enables non-intrusive current measurement on cables and wires that are up to 30mm in diameter.

The ICM30R clamp meter integrates dual Hall sensors to provide reliable and accurate current measurements, and provides the true-RMS AC current value of both pure and distorted waveforms. The meter is also a highly portable and easy-to-use and -read device that features a special hand-guard design, which provides additional user protection that prevents direct contact with electrical conductors.

Manufactured and tested to international standards, both ISO-TECH clamp meters are rated to CAT II 600V and CAT III 300V, according to IEC 61010. The meters come with a three-year warranty and are available to purchase direct from RS stock globally.  For more information please visit www.iso-techonline.com.

About RS Components

RS Components and Allied Electronics are the trading brands of Electrocomponents plc, the world’s leading high service distributor of electronics and maintenance products. 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 around 44,000 parcels a day. Our products, sourced from 2,500 leading suppliers, include electronics, automation and control, test and measurement, electrical and mechanical components.

Electrocomponents is listed on the London Stock Exchange and in the last financial year ended 31 March 2013 had revenues of GBP1.24bn.

For more information, please visit the website at www.rs-online.com.

 

 

RS Components
Tan Soo Chun
Public Relations Manager – Asia Pacific
Email: soochun.tan@rs-components.com
Telephone: +65-6391-5745

 

Edelman Public Relations (Singapore)
Yvette Yeo
Manager
Email: yvette.yeo@edelman.com
Telephone: +65-6347-2355

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

RS Components on Linkedin
http://www.linkedin.com/company/rs-components

RS Components on Weibo
http://e.weibo.com/u/3206377000?type=0

 

 

Relevant Links:

Electrocomponents plc
www.electrocomponents.com

RS Components
www.rs-online.com

DesignSpark
http://www.designspark.com

Logo – http://www.prnasia.com/sa/2011/05/04/20110504368830.jpg

Source: RS Components

Related stocks: LSE:ECM OTC-PINK:EENEY

Written by asiafreshnews

August 26, 2014 at 3:45 pm

Posted in Uncategorized

en world names Yusuke Nishino as the New Country Manager for Singapore

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SINGAPORE, Aug. 26, 2014 /PRNewswire/ — en world, an APAC leader in mid career recruitment solutions, has appointed Yusuke Nishino as the new Country Manager of en world Singapore.

Yusuke has over ten years of experience in recruitment and human resources consulting in Asia pacific includingSingapore, Japan, Korea, Taiwan and Southeast Asian Countries. Yusuke joined en world Singapore as a Manager for Supply Chain, Sales & Marketing, Engineering and IT Divisions in 2011. He has a track record of continued success achieved through effective strategic and operational leadership and successfully introduced many mid to senior level professionals to multinational corporations. He covers a wide range of industries such as Electronics, Chemical, Semiconductor, Automotive, Pharmaceutical, Medical Device, Financial institutions and IT. He also acts as external HR advisor for various MNC’s in Singapore providing the best HR solutions for their organization through advanced direct sourcing techniques, talent pooling, and recruitment research.

Craig Saphin, President, en world Group said, “Singapore is a global financial and business hub and is a key market for multinational companies using Singapore as a base for regional growth. I strongly believe that Yusuke’s appointment will drive success for our customers with his deep experience in the recruitment industry across APAC. en world Singapore will continue to support our customers cross border and multilingual recruitment needs for mid career talent across APAC.”

Yusuke Nishino said, “I am extremely excited about my new appointment with en world Singapore and look forward to working with our team of dynamic and talented consultants across Asia Pacific. Companies in Singapore are facing unprecedented challenges and are struggling to recruit the right talent in a number of areas of skill shortage including senior roles. My objective is to provide exemplary levels of service to our customers and match the right people with the right job. While more companies are expanding and facing challenges in acquiring and retaining talent, we help customers overcome these challenges with our specialised recruitment capabilities, robust recruitment tools and extensive professional network.”

en world has been operating in Singapore since 2011 and recruits across a variety of specialties that includes Accounting & Finance, Engineering, Banking, IT, Supply Chain, Human Resources, Legal and Sales & Marketing.

About en world:

en world provides recruitment services focused on mid-career professionals. The company was established in Japanin 1999 and has expanded to Singapore, Hong Kong, Korea, Australia, Vietnam, Thailand and India. With 650 staff representing 20 nationalities in 15 offices, we introduce talent to over 2,800 clients across the Asia Pacific Region. en world is a subsidiary of en-japan Inc., Japan’s leading internet-based recruitment solutions provider.

Visit — www.enworld.com

Media Contact:
Vikram Tandon
Tel: +65-6420-0574
Email: vikram.tandon@enworld.com

Source: en world

Written by asiafreshnews

August 26, 2014 at 3:26 pm

Posted in Uncategorized

1 Million Club Carlson Members in Asia Pacific Prefer Carlson Rezidor Hotels

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-Carlson Rezidor’s loyalty program achieves one millionth member mark in Asia Pacific

SINGAPORE, Aug. 25, 2014 /PRNewswire/ — Club CarlsonSM, Carlson Rezidor’s global hotel rewards program, recently recognized and rewarded its millionth member in Asia Pacific with one million Club Carlson Gold Points®. Club Carlson, one of the fastest-growing in the world, has more than 12 million members globally. It is ranked fourth among all the top hospitality rewards programs and is also one of the most rewarding hotel loyalty programs in the world.

“Club Carlson membership has been growing exponentially in Asia Pacific, in line with Carlson Rezidor’s rapidly expanding footprint across the region with close to 100 operating hotels. For our hotel owners, Club Carlson’s reach and increasing popularity means even more repeat stays, a higher average spend and stronger revenue performance. For our Club Carlson members, staying at our hotels means that they are not only assured of a memorable guest experience, they are also rewarded generously through Club Carlson benefits, which include the faster route to a free night’s stay. Congratulations to Mr Rong Weijie on being our one millionth member,” said Mr Thorsten Kirschke, president, Asia Pacific, Carlson Rezidor Hotel Group.

Mr Rong Weiji is a Sales and Marketing Division Manager from Santen Pharmaceutical, who checked into Radisson Blu Shanghai New World on August 22, 2014. He said, “I choose where to stay based on brand, quality, service and location. I know Carlson Rezidor has hotels in many locations worldwide and as I travel the world for both business and leisure, I have stayed at quite a few of them — in France, Italy and Asia Pacific. I feel comfortable choosing Carlson Rezidor hotels and I will definitely use my Gold Points for my next holiday, and perhaps also redeem some points for car rental and other benefits.”

Club Carlson offers its members a wide variety of redemption options that meet all their travel needs, including air miles, thanks to global partnerships with leading international airlines. Members also enjoy special recognition at any Carlson Rezidor hotel they check into, while earning points that can be redeemed for free room nights at the more than 1,000 Carlson Rezidor hotels worldwide, across the Quorvus Collection, Radisson Blu®, Radisson®, Park Plaza®, Park Inn® by Radisson and Country Inns & Suites By CarlsonSM brands.

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 1,350 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 CarlsonSM. In most hotels, guests can benefit from Club CarlsonSM, 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.

www.carlsonrezidor.com

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 Quorvus Collection, Radisson Blu®, Radisson®, Park Plaza®, Park Inn® by Radisson and Country Inns & Suites By CarlsonSM. 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, 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 bonus Gold Points. For more information, full terms and conditions and to apply, please visit, www.clubcarlson.com

Contact details

Tracy Lui, Carlson Rezidor Hotel Group I +65-9839-4095 I tlui@carlsonrezidor.com
Ben Gardeen, Carlson Rezidor Hotel Group | +1 (763) 212-1418 or +1 (763) 212-8129 |bgardeen@carlsonrezidor.com

Logo – http://photos.prnasia.com/prnh/20140508/8521402636LOGO

Source: Carlson Rezidor Hotel Group

Written by asiafreshnews

August 26, 2014 at 3:10 pm

Posted in Uncategorized

Cambodia Business Conference Expects Keen Interest from Asia as Registration Opens

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PHNOM PENH, Cambodia, Aug. 21, 2014 /PRNewswire/ — Cambodia’s business community is anticipating keen interest from investors in Asia as registration for the country’s international investment conference opens.

The International Business Chamber (IBC) of Cambodia investment conference will take place on October 6th and 7th at the Intercontinental Hotel in Phnom Penh. The event is expected to attract hundreds of overseas companies with an interest in investing in Cambodia.

“When it comes to economic growth, Cambodia is an unparalleled success story in Southeast Asia,” said IBC Chairman Bretton Sciaroni. “And now, with the 8th International Investment Conference, the International Business Chamber of Cambodia is offering the opportunity for overseas companies to come together with Cambodian political and economic leaders to explore the country’s continuing economic development.”

Cambodia’s Prime Minister Hun Sen will officially open the event.

Prudential Corporation Asia Chairman Donald Kanak has been named as a keynote speaker.

Topics for discussion at the event will include Cambodia‘ economic outlook as well as the country’s competitiveness. Speakers will include government ministers as well as CEO’s with experience of the Cambodian market.

“Almost every sector of Cambodia’s economy is represented,” added IBC Investment Conference Committee Chairman In Channy. “There will be representatives from Cambodia’s government as well as those from the business sector. The IBC expects that there will be many extremely meaningful and enlightening discussions.”

Platinum sponsors for the IBC conference are Prudential Cambodia, Jardine Matheson Limited, Sciaroni and Associates, ACLEDA Bank and ANZ Royal. Gold sponsors include DFDL and Ezecom.

The South East Asia Globe and its sister publication Focus ASEAN are media partners of the event.

Those wishing to register for the IBC Investment conference should visit the IBC’s website at www.ibccambodia.com.

Registration fees are USD 600 for non-IBC members and USD 500 for IBC members.

ABOUT THE IBC

The International Business Chamber of Cambodia (IBC) is an officially registered Association. The IBC was set up to provide leadership in creating a forum for international and local businesses and business associations having an interest in Cambodia. The IBC prides itself on fostering constructive relations with the Royal Cambodian Government to promote policies, laws and regulations conducive to the development of the business environment.

Please visit http://www.ibccambodia.com for further details about the IBC and the conference.

Source: The International Business Chamber of Cambodia (IBC)

Written by asiafreshnews

August 25, 2014 at 3:06 pm

Posted in Uncategorized

Investor Central Launches “Tycoon” Reports on Singapore and Malaysian Stocks, Especially for US and European Fund Managers

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SINGAPORE, Aug. 22, 2014 /PRNewswire/ — Investor Central, a service of Hong Bao Media, today launched a new class of ground-breaking equities research, which provides cutting edge local insights into Singapore– and Malaysia-listed companies, specially designed for fund managers outside of Asia.

Branded “Tycoon”, the forensic accounting reports are unique in that they offer candid insights and boots on-the-ground, which institutional investors outside of the region have difficulty accessing.

“Investor Central Tycoon reports alert investors to information gaps and asks the tough questions investors need to ask before making investment decisions”, said Mark Laudi, former CNBC anchor and Executive Editor, Investor Central.

“The market needs research that’s neither oriented around sell-side pressures, nor the need for analysts to forge cozy relationships with the companies they cover.

“Certain European regulators have been restricting the type of research which fund managers can expense. Investor Central recognises these limitations. Our Tycoon reports contain the substantive insights which contribute to their decision making.”

Tycoon reports include:

  • All questions we asked of the company, and answers we receive
  • Handshakes relationship maps tracking links between the researched company and other companies (including BVI and Cayman companies), individuals and events
  • Details of internal auditors
  • Brendan Wood International (BWI) Shareholder Confidence Index ranking
  • Candid photographs and maps
  • 1-year archive of earlier reports
  • Convenient index of sources of information

Other benefits which Tycoon subscribers receive:

  • Notification of the stocks being researched before publication
  • Priority access to the completed reports, 24 hours before everyone else
  • Up to thirty (30) minutes per month consultancy time with our researchers

“The corporate culture surrounding transparency are very different here in Asia than what U.S. and European investors are used to.

“This leaves non-Asian investors struggling for an accurate picture as to what’s really going on, on the ground,” Laudi concluded, “We can, and we serve as their eyes and ears on the ground. Our advantage is local knowledge and cultural understanding.”

Investors can find more information at http://www.investorcentral.org/tycoon.php

FOR FURTHER INFORMATION:

Shreya Shetty
Marketing Manager
Investor Central
contact@investorcentral.org
Tel. +65-6223-2249

ABOUT INVESTOR CENTRAL

Investor Central was launched in 2006 by former CNBC anchor Mark Laudi. Investor Central is part private research service, part news organisation, which promises to keep investments honest by asking the questions that need to be asked. Our small, qualified team of researchers are solely focused on researching and writing reports from a fundamental, value perspective.

Investor Central does not issue “buy” or “sell” calls, nor do we or our staff take short positions in the companies we research.

Investor Central has won numerous awards for its reports, including Best Example of Content Leadership at the Asian Publishing Convention for its “Dog or Darling” IPO reviews, and the Securities Investors Association Singapore’s Most Promising Financial Journalism Merit Award.

https://hongbaomedia-my.sharepoint.com/personal/mark_laudi_hongbaomedia_onmicrosoft_com/_layouts/15/guestaccess.aspx?guestaccesstoken=UgawFoafwtjHr%2bI8ia6pOaLbXLbBb2hmbzz6ZubnHnc%3d&docid=0c749bc9308164e4680ae62cfc5550b49

 

Source: Hong Bao Media

Written by asiafreshnews

August 25, 2014 at 2:43 pm

Posted in Uncategorized

SNC-Lavalin completes landmark acquisition of Kentz

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— A key milestone in SNC-Lavalin’s ongoing transformation into a global Tier-1 engineering and construction company

MONTREAL  /PRNewswire/ — SNC-Lavalin Group Inc. (TSX: SNC) is pleased to announce that it has completed its acquisition of Kentz Corporation Limited, a global company with 15,500 employees operating in 36 countries. Kentz provides industry-leading engineering, construction management and technical support services to clients in the oil and gas sector.

The acquisition of Kentz supports SNC-Lavalin’s ongoing transformation into a global Tier-1 engineering and construction (E&C) company. The transaction creates a group with approximately 45,000 employees, annual revenues of about C$10 billion and a backlog of roughly C$13 billion as per 2013 figures. The combined company will also have a strong position in the world’s most dynamic growth markets, including the Middle East,North America, Latin America and Asia-Pacific.

“SNC-Lavalin is thrilled to welcome the employees of Kentz, who are the heart and soul of the remarkable company we are acquiring today,” said Robert G. Card, President and CEO, SNC-Lavalin Group Inc. “We expect that our combined capabilities will give us one of the best broad-based service offerings in the E&C industry, while expanding our presence in key growth markets.”

Transformational growth in oil and gas
The acquisition of Kentz transforms SNC-Lavalin’s oil and gas capabilities, creating a group of approximately 20,000 high-caliber employees with industry leading expertise for large and complex projects in the upstream, liquefied natural gas (LNG), unconventional (shale gas and oil sands), pipelines, offshore jackets and steam-assisted gravity drainage (SAGD) sectors.

“We have now begun implementing our plan, which aims to ensure our teams are combined efficiently, respectfully and as rapidly as possible,” said Neil Bruce, President, Resources, Environment & Water, SNC-Lavalin Group Inc. “We will be bringing together the best capabilities of our two firms for the direct benefit of our clients. Our goal will be to build strong and lasting relationships with our customers through consistently delivering on our commitments and providing the best mix of value and services.”

Kentz will be incorporated into SNC-Lavalin while simultaneously integrating SNC-Lavalin’s current Oil & Gas business into Kentz’s operations. Christian Brown, Kentz’s Chief Executive Officer, now becomes President, Oil & Gas, SNC-Lavalin Group Inc. Mr. Brown will continue to be stationed in Houston, Texas, and will report directly toNeil Bruce.

“Joining SNC-Lavalin will provide us with the ability to execute larger scopes for major projects, and enhance our access to new geographies in both North America and Latin America,” said Christian Brown. “We look forward to bringing our clients complete end-to-end solutions for their projects by merging SNC-Lavalin’s strong front-end engineering and design capabilities with our industry-leading construction management, commissioning and operations capabilities.”

SNC-Lavalin paid £9.35 (C$17.13) per share for a total purchase price of approximately £1.2 billion (C$2.1 billion). Kentz shareholders voted in favour of SNC-Lavalin’s offer at a meeting convened by order of the Court and an Extraordinary General Shareholders Meeting, both held on August 11, 2014. The offer was structured as a Scheme of Arrangement and the Scheme Court Hearing was held on August 21, 2014. Following the sanction of the Court, the acquisition became effective in accordance with its terms on August 22, 2014.

Forward-looking statements
This press release contains statements that are or may be “forward-looking statements” or “forward-looking information” within the meaning of applicable securities laws. All statements other than statements of historical fact included in this press release may be forward-looking statements. Without limitation, any statements preceded or followed by or that include the words “targets”, “plans”, “believes”, “expects”, “aims”, “intends”, “will”, “should”, “could”, “would”, “may”, “anticipates”, “estimates”, “synergy”, “cost-saving”, “projects”, “goal” or “strategy” or, words or terms of similar substance or the negative thereof, are forward-looking statements. Forward-looking statements include statements relating to the following: (i) future capital expenditures, expenses, revenues, earnings, economic performance, indebtedness, financial condition, losses and future prospects; and (ii) business and management strategies and the expansion and growth of SNC-Lavalin or Kentz’s operations and potential synergies resulting from the transaction.

These forward-looking statements are not guarantees of future financial performance. Such forward-looking statements involve known and unknown risks and uncertainties that could significantly affect expected results and are based on certain key assumptions. Many factors could cause actual results to differ materially from those projected or implied in any forward-looking statements. Due to such uncertainties and risks, readers are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof. All subsequent oral or written forward-looking statements attributable to SNC-Lavalin or any of its directors, officers or employees or any persons acting on their behalf are expressly qualified in their entirety by the cautionary statement above. SNC-Lavalin disclaims any obligation to update any forward-looking or other statements contained herein, except as required by applicable law.

About SNC-Lavalin
Founded in 1911, SNC-Lavalin is one of the leading engineering and construction groups in the world and a major player in the ownership of infrastructure. From offices in over 50 countries, SNC-Lavalin’s approximately 45,000 employees provide EPC and EPCM services to clients in a variety of industry sectors, including oil and gas, mining and metallurgy, environment and water, infrastructure and power. SNC-Lavalin can also combine these services with its financing and operations and maintenance capabilities to provide complete end-to-end project solutions.
www.snclavalin.com

For further information:

Media:
Lilly Nguyen
Public Relations Manager,
Global Corporate Communications
SNC-Lavalin Group Inc.
+1-514-393-8000, ext. 54772
lilly.nguyen@snclavalin.com

Source: SNC-Lavalin

Related stocks: Toronto:SNC

Written by asiafreshnews

August 25, 2014 at 12:57 pm

Posted in Uncategorized