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Crowe Horwath International announces new co-chairmen

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NEW YORK  /PRNewswire/ — Crowe Horwath International announces that Mr. Charles Allen, chief executive officer of Crowe Horwath LLP, and Mr. Yang Jiantao, principal partner of Ruihua Certified Public Accountants, will be co-chairmen of the network, effective January 1, 2015. They will succeed Andrew Pianca ofCrowe Clark Whitehill, who is completing a two-year term. Crowe Horwath International is ranked among the top 10 global accounting networks, with more than 150 independent accounting and advisory services firms in more than 100 countries around the world.

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Mr. Kevin McGrath, chief executive officer of Crowe Horwath International, said, “Chuck and Jiantao have a close working relationship as business leaders in two of the world’s largest economies. Having these two individuals as co-chairmen will provide enhanced cultural diversity and perspective. The board of directors and network member firms look forward to the many contributions they will make to further the influence and impact of our network on the global stage.”

Mr. Allen has served as the CEO of Crowe Horwath LLP since 2007 and currently serves on the Crowe Horwath International board of directors.

Mr. Yang is the principal partner of Ruihua Certified Public Accountants and is also a current board member of Crowe Horwath International.

About Crowe Horwath International
Crowe Horwath International is ranked among the top 10 global accounting networks with more than 150 independent accounting and advisory services firms in over 100 countries around the world. Crowe Horwath International’s member firms are committed to impeccable quality service, highly integrated service delivery processes and a common set of core values that guide decisions daily. Each firm is well-established as a leader in its national business community and is staffed by nationals, thereby providing a knowledge of local laws and customs which is important to clients undertaking new ventures or expanding into other countries. Crowe Horwath International member firms are known for their personal service to privately and publicly held businesses in all sectors and have built an international reputation in the areas of audit, tax and advisory services.

Source: Crowe Horwath International

Written by asiafreshnews

October 31, 2014 at 5:31 pm

Posted in Uncategorized

Sydney Festival: Celebrate Our City in Summer

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SYDNEY, Oct. 29, 2014 /PRNewswire/ — Sydney Festival is an annual summer arts festival celebrating Sydney in summer. Every January, the Festival enlivens and transforms Sydney with a spectacular program of theatre, dance, music, visual arts and film, spanning over a range free and ticketed events.

To view the multimedia assets, please click:

Sydney Festival 2015 comprises 179 events, a staggering 85 of which are free. With 495 performances across 25 indoor and outdoor venues, Sydney Festival 2015 features 974 artists from across 30 countries. With 18 world premieres, 11 Australian premieres and 22 Australian exclusives, summer in our beautiful city is not to be missed.

Headline artist James Thierree returns with Tabac Rouge, his largest and most extravagant work to date. Whilst European star of the screen Charlotte Rampling makes her Australian debut performance in The Night Dances.

A world premiere and new Australian theatre work by Kate Mulvany lovingly brings to life the iconic children’s book Masquerade by Kit Williams. A magical tale that will enchant audiences aged nine to 90.

An Australian exclusive, Kiss & Cry is a sweeping cinematic romance with a twist, starring a duo of dexterous, dancing hands. A collaboration between prize-winning filmmaker Jaco Van Dormael and choreographer Michele Anne De May, this sensual, small-scale ballet must be seen to be believed.

Music takes centre stage at Sydney Festival in 2015 as Brazil’s superstar Seu Jorge brings his signature mix of transformative pop and swinging tunes from Rio’s colourful favelas to Australia for the first time.

The sounds of Africa bring the futuristic grooves of Nigerian synth pioneer and music legendWilliam Onyeabor, to Sydney in Atomic Bomb! The Music of William Onyeabor. The Australian exclusive performance will feature a star studded line-up featuring Gotye, Sinkane, Money Mark (Beastie Boys), Luke Jenner (The Rapture), Alexis Taylor (Hot Chip) and many more.

Sydneysiders know Sydney Festival is one of the most wonderful summer festivals in the world a claim underpinned by the city’s lustre and charisma, making it an ideal showcase for the world’s great artists.

All media content is available for download at

See the full Sydney Festival 2015 program here:

For interviews and further information contact:

Jessica Keirle, Publicity Manager, +61-282486525 / +61-438805109,

Written by asiafreshnews

October 31, 2014 at 3:51 pm

Posted in Uncategorized

TIBCO Announces its Open Source Version of TIBCO Jaspersoft 5.6

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— TIBCO Delivers New Big Data and Reporting Capabilities to 450,000 Open Source Users

PALO ALTO, Calif., Oct. 30, 2014 /PRNewswire/ — TIBCO Software Inc. (NASDAQ: TIBX) a global leader in infrastructure and business intelligence software, today announced the open source release of version 5.6 of its award-winning TIBCO Jaspersoft® business intelligence platform, available for free download on the Jaspersoft® Community site. This new version includes several product updates, including new Big Data connectors, interactive reporting upgrades, an updated OLAP engine, and performance enhancements to TIBCO Jaspersoft® Studio. In addition, the company announced that more than 450,000 users have registered with the community, which hosts more than 150,000 unique visitors per month.

“Jaspersoft was originally founded as a result of an open source project, and we’re proud to maintain that mentality and commitment to keeping our business intelligence platform available to the public as a community version,” said Brian Gentile, senior vice president and general manager, TIBCO Analytics. “We strongly believe that the Jaspersoft Community is responsible for much of our success and continued growth, and enables our software to be available to everyone from students learning to leverage BI to multi-national corporations requiring enterprise grade solutions through a competitive pricing model.”

New product features added to the Jaspersoft Community platform include:

  • Native Big Data connectors adding support for Apache Hadoop®, Apache Hive™, Apache Cassandra™, and Cloudera®, helping to deliver real-time reporting on your Big Data investment
  • Additional interactive reporting features to provide a more customizable experience for users. New capabilities such as the interactive zoom, string search, and bookmarking help make the interaction of reports a more intuitive and powerful experience
  • An updated OLAP engine that now provides faster queries to data with a series of core stability improvements for a more robust analytic offering
  • Jaspersoft Studio performance enhancements that enable developers to work and iterate their reports more swiftly and reliably

Additional Resources:

TIBCO NOW is a leading industry conference focused on exploring the disruption in technology happening today, and how enterprises can adapt and win in an age of rapid change. TIBCO NOW will provide an opportunity to learn about the seismic technological forces causing this disruption — Big Data, cloud, mobile, social, and much more. Join us at TIBCO NOW November 3rd-5th in San Francisco to discover how others are riding the wave of disruption to get — and stay — ahead of the competition. Visit to learn more and register!

TIBCO Software Inc. (NASDAQ: TIBX) is a global leader in infrastructure and business intelligence software. Whether it’s optimizing inventory, cross-selling products, or averting crisis before it happens, TIBCO uniquely delivers the Two-Second Advantage® — the ability to capture the right information at the right time and act on it preemptively for a competitive advantage. With a broad mix of innovative products and services, TIBCO is the strategic technology partner trusted by businesses around the world. Learn more about TIBCO at

TIBCO, Jaspersoft, Two-Second Advantage, TIBCO NOW, and TIBCO Software are trademarks or registered trademarks of TIBCO Software Inc. and/or its subsidiaries in the United States and/or other countries. Amazon Web Services and AWS, are trademarks of, Inc. or its affiliates in the United States and/or other countries. Cloudera is a trademark or registered trademark of Cloudera in the United States and in jurisdictions throughout the world. Apache, Apache Hadoop, Hadoop, Apache Hive, Hive, Apache Cassandra and Cassandra are trademarks of The Apache Software Foundation. All other product and company names and marks mentioned in this document are the property of their respective owners and are mentioned for identification purposes only.


Media Contact:

Jane Gideon

Incendio International


Written by asiafreshnews

October 31, 2014 at 3:27 pm

Posted in Uncategorized

Clash in Cotai II Champion VS. Champion! Manny Pacquiao And Chris Algieri Battle for the Welterweight Title On Sunday, November 23 at The Venetian Macao

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-Presented Live in the U.S. by HBO Pay-Per-View®
-Tickets Are On Sale Now

MACAO /PRNewswire/ — Boxing’s only eight-division world champion and Fighter of the DecadeCongressman MANNY “Pacman” PACQUIAO returns to Macao for Clash in Cotai II.  Pacquiao will defend his World Boxing Organization (WBO) welterweight title against New York’s undefeated WBO junior welterweight champion CHRIS ALGIERI, who has a Bachelor of Science degree in Health Care Management, a Master’s Degree in Clinical Nutrition and a Ph.D. in Upsets Inside the Ring. Promoted by Top Rank® and Sands China Ltd., in association with MP Promotions, Joe DeGuardia’s Star Boxing, Banner Promotions, Foreman Boys Promotions and Tecate, the Pacquiao vs. Algieri world welterweight championship event will take place Sunday, November 23, at The Venetian® Macao’s Cotai Arena at 8 a.mIt will be produced and distributed live in the U.S. by HBO Pay-Per-View®.   

Macao’s latest boxing spectacular, Clash in Cotai II, comes to The Venetian Macao Nov. 23, featuring the battle between boxing's only eight-division world champion Manny “Pacman” Pacquiao and New York's undefeated WBO junior welterweight champion Chris Algieri, with an undercard that includes, Zou Shiming, Rex Tso, Ng Kuok Kun and more. Tickets are available now via Cotai Ticketing, priced from HKD/MOP 880.
Macao’s latest boxing spectacular, Clash in Cotai II, comes to The Venetian Macao Nov. 23, featuring the battle between boxing’s only eight-division world champion Manny “Pacman” Pacquiao and New York’s undefeated WBO junior welterweight champion Chris Algieri, with an undercard that includes, Zou Shiming, Rex Tso, Ng Kuok Kun and more. Tickets are available now via Cotai Ticketing, priced from HKD/MOP 880.

Pacquiao and Algieri announced their world championship fight during a two-week 27,273-mile international media tour, which kicked off August 25 with a press conference at The Venetian Macao; the tour continued through September 4, and included stops in Shanghai, San Francisco, Las Vegas, Los Angeles and New York.

Chris Algieri fought an exceptional fight in June to win the world title from Ruslan Provodnikov,” said Pacquiao. “I am impressed and intrigued by his scientific approach to training and boxing. He may be the smartest and the fittest athlete I have ever faced and that makes him the most dangerous. I worked hard to reclaim my welterweight title and I will work harder to make sure I keep it on November 23. As always, I dedicate this fight to my fellow Filipinos around the world and to bring glory to the Philippines.”

“It is a real honor to fight a future Hall of Famer like Manny Pacquiao and I am looking forward to being introduced to a whole new market and fan base in the Far East,” said Algieri. “My last fight against Ruslan Provodnikov got the world’s attention; now I am going to show what I can really do. I have the utmost respect for Manny and his great team, but make no mistake – I am here to win and I have nothing on my mind but beating a legend.”

“I underestimated Algieri when he faced Ruslan Provodnikov in June but I won’t make that mistake again,” said Hall of Fame trainer Freddie Roach. “I hope he understands that this is a fight and not a marathon. Algieri is going to face the best of Manny Pacquiao because Manny is going to have his toughest training camp ever. I am looking forward to a great fight and Manny’s finest hour on November 23.”

“Over the past 14 years I have trained and watched Chris become a Master of the Art of Boxing. His hard work ethic, discipline and dedication are second to none,” said Algieri’s trainer, Tim Lane, in August. “Chris has been in the gym after only one week off from his last bout with New York trainers Keith Trimble, Dr. Mike Camp and Tony Ricci, who have kept him in great shape through the years and continue to help him get stronger and faster between and during all camps. Training camp will officially start in late September in New York and finish in Las Vegas before leaving for China. Let it be known, there is a New ERA in the world of boxing and on November 23Chris Algieri will once again Shock the World and become the New WBO Welterweight Champion!”

“The battle between the two world champions will be a fantastic fight. Manny’s non-stop attack style will be challenged by Algieri’s laser-like punching,” said Hall of Fame promoter Bob Arum.

“It has been a great year.  In February, we had Chris at The Paramount on ESPN, in June on HBO winning the World Championship at Barclays Center in dramatic fashion against the feared Ruslan Prodvodnikov.  Now we are excited to announce that he will be at The Venetian Macao against legendary Manny Pacquiao on HBO Pay-Per-View. It has been an unprecedented meteoric rise that will continue on November 23. I look forward to this intriguing and ‘landscape-changing’ fight,” said Algieri’s promoter, Joe DeGuardia, President and Founder of Star Boxing.

“Sands China is thrilled to be bringing Manny back to Macao again to fight at the Cotai Arena this November,” said Edward Tracy, President and Chief Executive Officer of Sands China Ltd. “Since Manny’s sold-out Venetian Macao debut in November 2013, we’ve worked continuously with Bob Arum and Top Rank to host three more successful boxing cards at the Cotai Arena and two live screening events of US cards; and further, announced our partnership on the mainland China television programme ‘Fist Power  Fight to Win.’ We’re happy to see these events helping promote the growth of boxing in the region while raising the profile of Macao as a world centre of tourism and leisure.”

“Against all odds, Manny Pacquiao has produced a brilliant, Hall of Fame career. He’s accepted challenges around the globe and established new frontiers, including fighting on pay-per-view from Macao,” said Mark Taffetof HBO Pay-Per-View. “Now another young, talented and unassuming prizefighter named Chris Algieri will try to defy the odds and fulfill his dreams by challenging Pacquiao for his welterweight crown. In Chris Algieri, fight fans see a great American story with added intrigue based on the heart and courage he displayed in his recent victory over Ruslan Provodnikov.”

Pacquiao (56-5-2, 38 KOs), the lone congressional representative from the Sarangani province in the Philippines(he was reelected to a second term, running unopposed last year), is the only fighter to win eight world titles in as many different weight divisions. A three-time Fighter of the Year and the Boxing Writers Association of America’s “Fighter of the Decade,” Pacquiao made his Cotai Arena debut last November 24, pasting former world championBrandon Rios with a unanimous decision beatdown. Pacquiao’s resume features victories over present and future Hall of Famers, including Oscar De La Hoya, Ricky Hatton, Marco Antonio Barrera, Erik Morales, Miguel Cotto,Shane Mosley and Juan Manuel Márquez. From 2008 to 2010, five of his seven victories were world title victories in five different weight classes, from 130 to 154 pounds. No active boxer has sold more live tickets in the U.S. than Pacquiao, who is also credited with nearly 13 million domestic pay-per-view buys. He returns to the ring after avenging his controversial 2012 split decision loss to undefeated two-division world champion Timothy Bradley, Jr. on April 12. Pacquiao won a scintillating unanimous decision to regain the WBO welterweight crown back from Bradley.

Algieri (20-0, 8 KOs), from Huntington, NY on Long Island, has become boxing’s No. 1 story, as well as being hailed as the 21st century real-life Rocky. Over the last 22 months, Algieri, a former kickboxing champion, has elevated himself from a prospect to a world-class contender to a world champion. After accumulating significant victories over top prospect Jose Alejo, former USBA champion Mike Arnaoutis, and highly-rated contenderEmmanuel Taylor, Algieri, stepped up in his HBO® debut and challenged WBO junior welterweight champion “The Siberian Rocky” Ruslan Provodnikov on June 14. Despite suffering two knockdowns in the first round which closed his swollen right eye, Algieri, who entered the fight as a 5-1 underdog, eschewed the natural instinct to panic and resolutely stuck to his game plan, expertly using his jab and supreme athletic ability to pick apart the defending champion to claim a split decision victory and the world title. The live, first-time airing of the fight on HBO averaged 1.1 million viewers placing it among the most-viewed fights on cable this year. In what could be a first for any professional boxer, Algieri used his purse from the Provodnikov bout to pay off his student loans. He is as much a scholar as he is a brawler. Algieri graduated from Stony Brook University with Honors in 2007 with a Bachelor of Science degree in Health Care Management and then went on to receive his Master’s degree in Clinical Nutrition from the New York Institute of Technology. He aspires to attend medical school.

The exciting undercard for Clash in Cotai II will see China’s undefeated golden boxer Zou Shiming looking to secure his first world title shot, with an exciting eliminator bout. Also fighting will be undefeated Chinese boxers Rex “The Wonder Kid” Tso from Hong Kong and “The Macao Kid” Ng Kuok Kun.

For fight updates go to, or, on Facebook,, or, and on Twitter,, or Use the Hashtag #PacAlgieri to join the conversation on Twitter.

Tickets for Clash in Cotai II are on sale now at all Cotai Ticketing™ box offices*. The multi-bout event kicks offNov. 23, 2014 at 8 am at the Cotai Arena. Tickets can be purchased in one of eight categories: HKD/MOP 24,080 (Diamond), 20,080 (Platinum), 12,880 (Ruby), 9,880 (Gold), 6,480 (Silver), 3,880 (A Reserve), 1,880 (B Reserve) and 880 (C Reserve). HKD/MOP 88 adds a round trip Cotai Water Jet ferry ticket between Hong Kong and Macao. Tickets can be booked online at, or by phone at +63 2 395 3370 (Philippines).

* The Venetian Macao – Cotai Arena and Main Lobby box offices; Four Seasons Hotel Macao – The Plaza™Macao box office; Sands® Macao – L1 box office; Sands® Cotai Central – Sheraton Main Lobby and Holiday Inn Main Lobby box offices

NOTE: Bouts and times subject to change

Entertainment at Sands China Ltd. Properties

Sands China Ltd. has as a clear vision to establish Macao as Asia’s top entertainment destination.

The 15,000-seat Cotai Arena is the only venue in Asia ranked in Pollstar’s Top 100 Worldwide Arena Venues based on ticket sales. It is the top entertainment destination in southern China, hosting the world’s and the region’s biggest names in music, sports and awards shows. Superstars frequently choose the venue as the starting point of their Asian tours.

The 1800-seat, multi-purpose Venetian Theatre is one of the most luxurious entertainment venues in greaterChina. Featuring ushers in black-tie, champagne service, gourmet food and beverage items and other unique, premium amenities, it offers an intimate, luxurious and exclusive venue experience. The Venetian Theatre is playing a key role in bringing the best in international and Chinese entertainment to Macao, with a luxury theatre experience like no other in the region.

The 650-seat Sands Theatre regularly features internationally-renowned singers, performers and artists of the highest calibre. From traditional Chinese-costumed dancers to modern performances, and from singing troupes to contemporary bands, everything from Western rock to Cantonese pop is covered.

With an unbeatable diversity, the entertainment offering of Sands China Ltd. is ushering in a new era of entertainment in Macao.

For information about upcoming shows and events, visit

About The Venetian® Macao

Opened in 2007, The Venetian® Macao is Macao’s first integrated resort featuring stunning replicas of the famous canals and architectural icons of Venice, Italy. The Venetian Macao features 3,000 suites, 1.2 million square feet (111,000 square metres) of convention and meeting facilities as well as a 15,000-seat Cotai Arena designed for world-class sports events and electrifying entertainment. The Venetian Macao is also home to the unique, 1,800-seat luxury Venetian Theatre, hosting the best in international and Chinese entertainment; more than 30 renowned restaurants; TAIVEXMALO Day Hospital & Spa; the incredibly fun QUBE indoor playground and more than 300 retailers at Shoppes at Venetian. Outdoor recreation areas include swimming pools and cabanas and a mini-golf course.

For more information, please visit .



Lee Samuels: +702-378-1083 /
Ricardo Jimenez: +909-615 -3436 /
Fred Sternburg/Pacquiao: 303-548-0707 /
Ed Keenan: 609-399-1330 /


Mabel Wu: +853 8118 2268 /

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Source: Sands China Ltd.

Written by asiafreshnews

October 31, 2014 at 3:03 pm

Posted in Uncategorized

Boehringer Ingelheim and Lilly Revising Operational Structure of Diabetes Alliance in Certain Countries

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— Significant portion of alliance opportunity will remain unchanged; some countries will transition to exclusive promotion in 2015

INDIANAPOLIS and INGELHEIM, Germany, Oct. 29, 2014 /PRNewswire/ — In a move that will strengthen their alliance by enhancing efficiencies and enabling greater focus on product launches, Boehringer Ingelheim and Eli Lilly and Company (NYSE: LLY) are changing the operational and financial structure of their diabetes alliance in certain countries. Under the revised agreement, 17 countries representing more than 90 percent of the alliance’s anticipated market opportunity will continue their co-promotion work. In all other countries, the companies will exclusively commercialize the respective molecules they brought to the alliance.

The changes will be implemented starting January 1, 2015.

The scope of the alliance will remain unchanged in the following 17 countries/regions: United States, Germany,Italy, Spain, France, United Kingdom, Republic of Ireland, Portugal, Canada, Japan, mainland China, Australia,New Zealand, South Korea, Taiwan, Brazil, and Mexico.

Under a revised agreement, Boehringer Ingelheim and Lilly will exclusively commercialize the respective molecules they brought to the alliance in all other countries under revised financial terms that will include an upfront payment and ongoing payments paid to Lilly in lieu of commission payments in those markets. Lilly plans to communicate the impact to its 2014 financial guidance in its third quarter Form 10-Q report to the U.S. Securities and Exchange Commission.

“Lilly and Boehringer Ingelheim have a highly successful alliance,” said Enrique Conterno, president, Lilly Diabetes. “In less than four years, our companies have worked to develop and introduce several new important treatments for diabetes. The revised agreement will bring greater focus and clarity to our alliance and will benefit health care professionals, patients, and our companies. We look forward to continuing our important work together that makes life better for people with diabetes.”

To date, three new treatments for diabetes have been launched by the alliance: Trajenta® (linagliptin), Jardiance®(empagliflozin), and Jentadueto® (linagliptin/metformin HCI). Additionally, the alliance’s new insulin glargine product has been tentatively approved in the U.S. and approved in Europe. Other potential treatments, including fixed-dose combinations, continue being developed by the alliance.

“As our alliance continues to evolve, and with more medicines receiving approval by regulators, we have determined that enhancements are needed to reduce operational complexities in certain countries around the world,” said Dr Ulrich Drees, corporate senior vice president, International Project Management, Boehringer Ingelheim. “By continuing our work under this revised model, our companies can better focus on the important task of delivering innovative solutions to patients.”

Boehringer Ingelheim and Eli Lilly and Company
In January 2011, Boehringer Ingelheim and Eli Lilly and Company announced an alliance in diabetes that centers on compounds representing several of the largest diabetes treatment classes. The alliance leverages the strengths of two of the world’s leading pharmaceutical companies. By joining forces, the companies demonstrate commitment in the care of patients with diabetes and stand together to focus on patient needs. Find out more about the alliance at or

About Boehringer Ingelheim
The Boehringer Ingelheim group is one of the world’s 20 leading pharmaceutical companies. Headquartered in Ingelheim, Germany, Boehringer Ingelheim operates globally with 142 affiliates and a total of more than 47,400 employees. The focus of the family-owned company, founded in 1885, is researching, developing, manufacturing and marketing new medications of high therapeutic value for human and veterinary medicine.

Taking social responsibility is an important element of the corporate culture at Boehringer Ingelheim. This includes worldwide involvement in social projects, such as the initiative “Making More Health” and caring for the employees. Respect, equal opportunities and reconciling career and family form the foundation of the mutual cooperation. In everything it does, the company focuses on environmental protection and sustainability.

In 2013, Boehringer Ingelheim achieved net sales of about 14.1 billion euros. R&D expenditure corresponds to 19.5% of its net sales.

For more information please visit

About Lilly Diabetes
Lilly has been a global leader in diabetes care since 1923, when we introduced the world’s first commercial insulin. Today we are building upon this heritage by working to meet the diverse needs of people with diabetes and those who care for them. Through research and collaboration, a broad and growing product portfolio and a continued determination to provide real solutions—from medicines to support programs and more–we strive to make life better for all those affected by diabetes around the world. For more information,

About Eli Lilly and Company
Lilly is a global healthcare leader that unites caring with discovery to make life better for people around the world. We were founded more than a century ago by a man committed to creating high-quality medicines that meet real needs, and today we remain true to that mission in all our work. Across the globe, Lilly employees work to discover and bring life-changing medicines to those who need them, improve the understanding and management of disease, and give back to communities through philanthropy and volunteerism. To learn more about Lilly, please visit us at and



Greg Kueterman
Director, Lilly Diabetes Communications
Phone: +1 (317) 432-5195

Ralph Warsinky
Boehringer Ingelheim GmbH
Phone: +49 (6132) 77-7051

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Source: Eli Lilly and Company

Related stocks: NYSE:LLY

Written by asiafreshnews

October 30, 2014 at 3:10 pm

Posted in Healthcare

APAC and Americas Regions Adapting More Proactive Debt Collections Measures

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AMSTERDAM, Oct. 29, 2014 /PRNewswire/ — The latest Global Collections Review survey conducted by Atradius Collections reveals that companies in the APAC and the Americas regions seem to be more proactive than their European counterparts in recovering payments. Almost 50% of the companies surveyed are partnering with professional debt collections agencies.

South American and Chinese companies in particular suffer from limited financing facilities. International and domestic companies in these regions are starting to face substantial payment problems, which is reflected in the way they handle overdue invoices. The use of debt collection agencies is higher in the Americas (46%) and APAC (47%) than in Europe where 30% of the respondents have chosen this option in the last 12 months. In the US (54%), mainland China (52%) and Taiwan (57%) it is common to employ a debt collection agency. Additionally, the debt collections market is evolving most rapidly in the Americas region, where an increase of almost 13% is observed compared to last year. This underlines the importance of cooperating with external debt collection agencies in the region.

In Asia Pacific, companies appear to be more proactive in trying to recover their money and are willing to use a variety of methods to achieve results. European companies are more conservative and cautious when it comes to outsourcing collection of first party invoices. However companies in the APAC region appear more aligned with companies in the Americas, when it comes to using first party collections services. Almost 60% of the interviewed companies in this region have claimed to be (highly) likely to adopt this service during the next two years. This shows their willingness to begin pursuing payment earlier, before starting the traditional debt collections procedures. Raymond van der Loos, Managing Director Atradius Collections, observed: “The economic climate in both the South American and Asian markets have started to deteriorate. Payment morale has weakened and insolvency risk has increased. To improve collection success, companies are implementing stronger credit management measures and outsourcing their debt collection efforts to an expert who supports them in recovering outstanding balances and prevents unnecessary write offs.”

Worst payers are domestic customers

Across the world, the worst payers are typically domestic customers, irrespective of business size and industry. Companies in the APAC region are more active in recovering late payments from their international buyers, even though they also have a high percentage of domestic cases to collect. Raymond van der Loos observes: “The practice of delaying payments as a means of financing operations is problematic in all countries. Atradius Collections’ strategy has been to expand the global network into the South American and Asian markets to be able to help its customers, at a local level, recover payments, whether the debt is domestic or international.”

About the Global Collections Review

The Global Collections Review is based on a survey of almost 6000 companies across 30 countries in the APAC, Americas and European regions and assesses business requirements for outsourcing business-to-business collections services. The detailed insights can help companies create country and industry focused strategies on how to deal with overdue invoices.

The overall report Global Collections Review and the country reports are available at

About Atradius Collections

Atradius Collections, a business unit of Atradius Group, provides efficient, quick and flexible solutions to recover domestic and international trade debts. With 20 offices and an extensive network of collections specialists and lawyers worldwide, Atradius Collections serves more than 14,500 customers. Over 85 years of global credit management industry experience uniquely positions Atradius Collections as a worldwide leader in business-to-business trade invoice collections services.

Further information:
Iris Graatsma
Telephone: +31-20-553-3139

Source: Atradius N.V.

Written by asiafreshnews

October 30, 2014 at 2:38 pm

Posted in Business & Finance

CSA Group Says Gas Asia Summit Critical to Meeting Challenges of Gas Industry

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-CSA Group is investing in Asia to support global demand for standards-compliant products

SINGAPORE /PRNewswire/ — As a sponsor to the Gas Asia Summit in Singapore, CSA Group, a global provider of testing and certification services and a leading standards development organization, congratulates the participants in the Summit on their commitment towards resolving the global and regional challenges facing industry, regulators and governments seeking to harness natural gas as a sustainable, efficient and clean energy source for the world’s growing economies.

In the developing markets of Asia, the need for sustainable clean energy is particularly important. CSA Group is a leading developer of standards for the gas industry and will continue to work with stakeholders to ensure the development of new standards, testing and certification processes that lead towards sustainable and efficient production, distribution and consumption of natural gas products in the years to come.

“The production and distribution of natural gas rests on the industry’s ability to safely extract and distribute it to industrial, commercial and residential consumers, cost-effectively and with minimum wastage and impact to the environment,” said Claudia Chan, Vice President, North and Southeast of Asia, CSA Group. “As Asia takes its position as a leading consumer of natural gas, and a global supplier of natural gas derivative products, CSA Group will continue to strategically invest in Asia to offer innovative, high-quality and efficient comprehensive local service to our clients to assist them penetrating into North American and global markets.”

The gas industry faces many challenges as a result of unprecedented global energy demands. The findings of 2014 Technology Radar survey by Lloyd’s Register Energy reveal that safety improvements, improving operational efficiency and reducing costs are the top three concerns of the industry.1 CSA Group is at the forefront of developing standards and the accompanying testing and certification processes, working closely with industry and regulators to help ensure sustainable production, and distribution of energy resources for the world’s energy needs.

CSA Group has invested in Guangzhou, Shanghai and Taiwan with local experts able to provide gas products support to customers in Asia. CSA Group can test and certify different gas products to the relevant standards and assist clients to meet the needs of different global markets. By being closer to markets, CSA Group is able to give customers in Asia faster and more cost-efficient services.

Due to the potential risk on some industries as ‘flammable atmosphere, gas mining & production, storage & transportation’ and risk to its workers, CSA Group has offered global leadership in hazardous location product testing and certification (HAZLOC). CSA offers local HAZLOC services to customers in Asia through its facilities inmainland China, Taiwan, India and other parts of Asia. CSA Group also offers training on a wide range of topics, including ATEX and IECEx directive requirements and EN/IEC standards governing electrical and mechanical equipment for hazardous locations. These courses are designed to help customers understand the certification requirements for products used in hazardous locations.

CSA Group will continue its commitment to expand in Asia in addition to its current presence in Taiwan, India,South Korea and mainland China.

1. Llyod’s Register Energy, Technology Radar survey, 2014

About CSA Group

CSA Group is an independent, not-for-profit membership association dedicated to safety, social good and sustainability. Its knowledge and expertise encompass standards development; training and advisory solutions; global testing and certification services across key business areas including hazardous location and industrial, plumbing and construction, medical, safety and technology, appliances and gas, alternative energy, lighting and sustainability; as well as consumer product evaluation services. The CSA certification mark appears on billions of products worldwide. For more information about CSA Group visit

CSA Group Media Contact
Pino Chen

CSA Group Asia Business Contact
Frances Hung

Source: CSA Group

Written by asiafreshnews

October 30, 2014 at 10:46 am

Posted in Uncategorized

M3nergy Berhad Unveil their Latest FPSO vessel

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-M3nergy’s latest converted FPSO vessel, Ratu Nusantara, marks the company’s first-ever foray in the Indonesian Market

SINGAPORE, Oct. 28, 2014 /PRNewswire/ — M3nergy Berhad, Southeast Asia’s emerging oil and gas company, celebrates the completion of their latest FPSO vessel, Ratu Nusantara, at a launch ceremony today at the Keppel Shipyard in Singapore. Under the auspices of SKK Migas and PC Ketapang II Ltd (PCK2L), the newly named vessel will embark on its inaugural voyage for the Bukit Tua oil and gas field in Indonesia operated by PETRONAS.

Y.A.B Datuk Seri Panglima Musa Haji Aman, Chief Minister of Sabah and Y.A.B Datin Seri Panglima Datuk Hajjah Faridah Haji Tussin, wife of Chief Minister of Sabah with the distinguished guests on the launch of M3nergy Berhad's latest FPSO vessel -- Ratu Nusantara.
Y.A.B Datuk Seri Panglima Musa Haji Aman, Chief Minister of Sabah and Y.A.B Datin Seri Panglima Datuk Hajjah Faridah Haji Tussin, wife of Chief Minister of Sabah with the distinguished guests on the launch of M3nergy Berhad’s latest FPSO vessel — Ratu Nusantara.

Ratu Nusantara, a converted FPSO, has been constructed from a 1994-built Aframax tanker, ‘Scorpius’ which was meted out in the last quarter of 2013. In 16 months, extensive refurbishment and life extension works were performed on the tanker, transforming it into a well-outfitted FPSO. The vessel has a processing capacity of 25,000 bpd of oil, 77 mmscfd of gas, 20,000 bpd of water and a storage capacity of 630,000 barrels of processed oil.

The completion of the latest FPSO vessel falls in line with the company’s expansion plan to strengthen their FPSO/FSO component, which contributes to more than half of its annual turnover. In a vital move to expand its business, the company also plans to enter into strategic joint ventures with major oil partners.

The event was attended by distinguished guests and representatives from SKK Migas and PC Ketapang II Ltd (PCK2L) and other stalwarts of the Southeast Asian oil and gas industry. The Chief Minister of Sabah, Y.A.B. Datuk Seri Panglima Musa Haji Aman, graced the event in support of M3nergy Berhad’s latest accomplishment.

Commenting on the occasion, Musa said he was pleased that M3nergy was collaborating with established stakeholders such as SKK Migas and PC Ketapang II Ltd (PCK2L). The expertise and experience derived through this collaboration will be mutually beneficial with an aim of providing a wide array of solutions for the production of oil and gas.

He congratulated M3nergy Berhad on the success of their latest FPSO vessel and their first ever project, located off the coast of Madura Island, Indonesia. “This accomplishment, undeniably has been catalytic in further promoting the oil and gas sector in the region which has been and is a major contributor to the social and economic development of Sabah,” he added.

Musa added that PC Ketapang II Ltd (PCK2L) has been supportive of the State Government’s objective in developing outstream activities in Sabah for its sustainable development.

Sabah welcomes further opportunities to continue working with PETRONAS in the future to expand and establish industrial activities in Sabah, alongside our own local investments,” he states

In his opening remark at the launch ceremony of Ratu Nusantara, M3nergy’s Chairman, Tan Sri Sukarti Wakiman commented, “The completion of this facility marks yet another important milestone in our three-decade journey. In 2012, after marking our presence in three key regions, M3nergy Berhad’s participation in the development of oil fields in Bukit Tua is a strategy to strengthen our footing in Indonesia. The success of our new project is a reflection of our competitive edge and focused commitment resulting in progress and sustainable growth of the company.”

“PETRONAS is committed to continuously studying further field development opportunities at the Ketapang Block which may be tied in to the Ratu Nusantara FPSO to maximize its capacity utilisation,” said Encik Sharbini Suhaili, Vice President of Upstream International, PETRONAS.

The Bukit Tua field is operated by PC Ketapang II Ltd (PCK2L), of which 80% is owned by PETRONAS, with the remaining stake owned by PT Saka Ketapang Perdana.

Bukit Tua field is located in the Java C, 35 km to the north of Madura Island and about 110 km north-east of the city of Gresik, East Java.

About M3nergy Berhad

Established in October 1980, M3nergy Berhad is a public limited company that primarily engages in the provision of floating facility solutions and services. The company’s portfolio ranges from Floating, Production, Storage and Offloading (FPSO) facilities to Floating, Storage and Offloading (FSO) facilities. For further information, please visit the company website at

PC Ketapang II Ltd (PCK2L)

Operator in Ketapang Production Sharing Contractor (PSC), signed date on 11 June 1998. PETRONAS holds an 80% share in the Ketapang PSC, while the remaining 20% is held by PT Saka Ketapang Perdana. PCK2L now is developing  the Bukit Tua Field where located 35 km north of Madura Island and 110 km northeast of Gresik, and expected first hydrocarbon in the first semester of 2015.


Kelly Thean
Senior Consultant
Geometry Global Public Relations
+6012 255 0049;

Tanika Bansal
Geometry Global Public Relations
+6017 238 7706

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Source: M3nergy Berhad

Written by asiafreshnews

October 29, 2014 at 6:03 pm

Posted in Uncategorized

Piab bypasses barriers to strategic IT with iland’s global enterprise cloud and disaster recovery services

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-A leader in factory automation offloads IT infrastructure burdens to focus on arming business with technology and processes that help fuel its competitive advantage

SINGAPORE, Oct. 28, 2014 /PRNewswire/ — Alleviating the complexity of IT infrastructure, iland today announced Piab is leveraging iland’s Enterprise Cloud Services and Disaster-Recovery-as-a-Service offerings in order to focus on strategic IT initiatives that help grow and protect the company. Piab is known for its innovative industrial automation solutions that dramatically improve the productivity of factories around the world, and its IT team plays a critical role in ensuring its own corporate user base maintains the highest levels of efficiency to drive business forward.

“Our competitive advantage from an IT perspective does not come from running servers,” said Greg Anderson, CIO of Piab. “We stay ahead by refining business processes and finding tools and applications that make our users more productive. With iland’s enterprise cloud and disaster recovery services, we can focus less on making sure things are running and more on strategic IT initiatives. We looked at multiple vendors and iland was the best fit–everything from services to pricing.”

Established in 1951, Piab specializes in the creation of cutting-edge vacuum solutions that improve the efficiency and working environments for many of the world’s largest manufacturers. Based in Taby, Sweden, it is a global organization with subsidiaries and distributors in more than 50 countries. Facing significant business growth, the IT team refused to waste resources on procuring and managing additional hardware infrastructure. Instead, they turned to iland to manage its move to the cloud for both production and disaster recovery.

Increased efficiency and performance of IT systems and processes
Like many companies today, Piab faced procedural, performance, cost and security issues with maintaining its own hardware infrastructure. The company was using its own servers at a co-location data center in Stockholm, but any time a hard drive failed or the IT team needed to add RAM or storage, a staff member had to physically drive to the location more than 30 minutes away. Then, they had to deal with security procedures and equipment delivery in and out of the data center. Faced with the prospect of purchasing all new hardware infrastructure, Anderson took a more strategic step and tapped iland’s enterprise cloud to host its entire production environment.

“The biggest benefit of moving to iland’s cloud is that we are able to dynamically adjust our environment at any time,” Anderson said. “The fact that we don’t have to maintain any sort of hardware or deal with hardware system failures makes life a lot easier. And iland’s ECS portal enables us to not only see what’s going on in our cloud, but gives us the ability to control and manage our resources and costs on a global scale.”

Established robust disaster recovery plan with Cloud-to-Cloud replication
Piab also set out to improve its business continuity capabilities, as the IT team struggled with its existing software solution that required significant infrastructure resources and did not ensure recovery time objectives because it was too difficult to test. The company turned to iland to help plan and implement a robust disaster recovery plan that could safeguard against downtime.

With iland Disaster Recovery Services Powered by Zerto, Piab can run regular tests to ensure the company’s resources are protected in a real disaster and that employees will have access to the systems and data they need. Now, Piab is confident it will meet a Recovery Point Objective of between 5 and 60 minutes, depending on the application.

“We were looking for something really simple, reliable and familiar,” Anderson said. “The best thing about iland and Zerto’s DR solution is that when we need to switch over, we’re basically just switching tunnels from one location to another. It’s really easy.”

“We pride ourselves in working directly with customers to ensure they are able to fully harness the benefits of cloud,” said Lilac Schoenbeck, VP of product management and marketing at iland. “Piab’s success exemplifies how strategic cloud implementation — from production systems to disaster recovery — can help streamline processes and alleviate technical burdens so that IT can take a more proactive role in achieving overall business objectives.”

“We use iland’s enterprise cloud to run our full production environment,” said Anderson. “The solution allows us to forget about the hassles associated with maintaining a data center while at the same time providing us with a cost efficient, dynamically scalable and reliable solution. The Cloud2Cloud Disaster Recovery-as-a-Service allows me to sleep better knowing we have a fully managed solution in place if needed.”

iland is ranked as a leader in Forrester Research, Inc.’s report entitled, “The Forrester Wave™: Disaster-Recovery-As-A-Service Providers, Q1 2014.” Forrester refers to iland as “the dark horse champion” in the report. In the research firm’s evaluation, iland received the highest scores possible for its core DRaaS offerings, recovery objective capabilities, platform and application support, data resiliency and risk mitigation, security, value proposition and vision, as well as pricing, service levels and contract terms.

For more information on iland’s enterprise cloud and disaster recovery services, go to:

About iland
With data centers in the U.S., U.K. and Singapore, iland delivers proven enterprise cloud solutions that help companies do business faster, smarter and more flexibly. Unlike any other provider, iland’s technology and consultative approach mean anyone–regardless of expertise, location or business objective–can experience the benefits of a hassle-free cloud. From scaling production workloads, to supporting testing and development, to disaster recovery, iland’s secure cloud and decades of experience translate into unmatched service.  Underscoring the strength of its platform, the company has been recognized as VMware’s Service Provider Partner of the Year, Global and Americas; is part of the Cisco Cloud Managed Service Provider Program for IaaS and DRaaS; and partners with other industry leaders including Zerto and Veeam. Visit

All registered trademarks and other trademarks belong to their respective owners.

US Media Contact:
Kellie Willman

Singapore Media Contact:
Melinda Ilagan/May Tan
EASTWEST Public Relations for iland
Tel: +6562220306

Source: iland

Written by asiafreshnews

October 29, 2014 at 12:33 pm

iXBlue launches the MARINS M Series inertial navigation system (INS) at EURONAVAL 2014

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— The MARINS M series sets new standards in strategic-grade naval navigation and strengthens the iXBlue INS product range by delivering up to three times the performance of other systems.

MARLY-LE-ROI, France, Oct. 27, 2014 /PRNewswire/ — iXBlue, a global leader in naval and civil navigation and positioning systems, is unveiling its new MARINS M series INS at EURONAVAL 2014, in Paris, France. The series includes the MARINS M3, M5 and M7 systems and is designed to address the needs of the world’s most advanced navies for surface-vessel and submarine operations in littoral and open-sea environments.

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Accurate and reliable navigation, including missile alignment, is critical to the success of submarine and surface-vessel missions. The MARINS M series raises the bar in performance and scalability by addressing the needs of surface ship navigation under a GPS-denied environment. For submarines, MARINS M7 enables three times longer autonomous stealth navigation compared with any available system by offering drifts of less than 1 Nm/72 h.

The MARINS M series represents the state of the art in strap-down, fiber-optic gyroscope (FOG) technology, and is combat ready against GNSS denial. The military-specification units output position, heading, roll, pitch, depth and velocities, and are perfectly silent. The systems are compatible with a wide range of aiding sensors and can be up and running within minutes.

The extended iXBlue product range, including QUADRANS, OCTANS, PHINS and MARINS M series systems, now represents even higher scalability of solutions, from attack craft to aircraft carriers and submarines.

More than 30 navies worldwide have selected the iXBlue product range, including previous generations of MARINS systems. For example, the UK Royal Navy’s has adopted advanced iXBlue solutions for its Astute Class submarines. iXBlue products are consistently selected for their overall performance, reliability and through-life cost benefits. With no moving parts or critical elements that deteriorate over time, the units offer the best available total cost of ownership. Consequently, their reliability is high and they require no maintenance. They are also compact, lightweight and power efficient, and, unlike the systems generally used in submarines, are extremely easy to integrate.

With more than 30 years of experience, iXBlue is a global leader in ultimate-performance FOG navigation for naval defense applications.

For further information about iXBlue naval products, including the MARINS M series, please visit the iXBlue stand (F64).

Anne Colliou, +33-1-30-08-88-88 (France),
Majid Foodeei, +33-631-66-3999,


Source: iXBlue

Written by asiafreshnews

October 29, 2014 at 11:29 am