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Archive for December 23rd, 2014

MNI India Business Sentiment Down Again in December

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-New Orders Lowest for a Year
DELHI, India, Dec. 19, 2014 /PRNewswire/ — Business sentiment at India’s largest companies fell in December for the third consecutive month as orders growth fell to the lowest level for a year.

The MNI India Business Indicator, calculated from the responses of BSE listed companies, declined to 68.4 in December from 68.9 in November. Both manufacturing and service sector firms saw confidence ease.

Business confidence has risen sharply since April, just before Modi was elected Prime Minister, although latest data show a cooling in optimism. Sentiment fell slightly in the final quarter of 2014, to an average of 69.0 in October-December from 69.9 in July-September. This was, however, far above the outturn of 60.7 seen one year ago, highlighting the turnaround in corporate sentiment over the past year.

In line with the easing in overall business confidence this month, some of the key indicators within the report declined. Production eased to the lowest level since August while New Orders declined to the lowest level in a year following the conclusion of the major Indian festivals. In contrast with the MNI India BSI, orders are now just above the same level a year ago. Export Orders decreased for the fourth consecutive month due to the appreciation of the rupee.

More positively, the disinflationary trend seen since the start of the year continued in December with both price metrics from our survey declining further, showing that central bank measures appear to be keeping inflation capped. The indicator measuring prices charged to customers fell to the lowest level since June 2013 and companies also reported that their input costs fell to the lowest level since the survey started.

Commenting on the latest survey, Chief Economist of MNI Indicators Philip Uglow said, “The tapering in business sentiment over recent months casts some doubt over the sustainability of the recovery. Notably orders growth, a key measure of activity, has fallen and is barely above the level a year ago.”

“Following the recent lower level of inflation and the further easing in price pressures evident in our survey, there is now clear scope for the Reserve Bank of India to reduce the benchmark interest rate. We expect to see an initial repo rate cut early in 2015, which will help to underpin growth over the coming year.”

For further information, please contact:

Tim Williamson
Cognito Asia
Tel: +65-6818-9024
Mobile: +65-9450-7361
Email: tim.williamson@cognitomedia.com

Editorial Content:

Philip Uglow
Chief Economist, MNI Indicators

Notes to Editors

Please source all information to MNI Indicators.

MNI India Business Sentiment is a monthly poll of Indian business executives at companies listed on BSE (formerly known as the Bombay Stock Exchange). Companies are a mix of manufacturing, service, construction and agricultural firms.

Respondents are asked their opinion on whether a particular business activity has increased, decreased or remained the same compared with the previous month as well as their expectations for three months ahead, e.g. is Production higher/same/lower compared with a month ago?

Diffusion indicators are then calculated by adding the percentage share of positive responses to half the percentage of those respondents reporting no change. An indicator reading above 50 shows expansion, below 50 indicates contraction and a result of 50 means no change.

Data is collected via telephone interviews. More than 400 companies are surveyed each month.

About MNI Indicators

MNI Indicators, part of Deutsche Borse Group, offers unique macro-economic data and insight to businesses and the investment community. We produce data and intelligence that is unbiased, pertinent and responsive. Our data moves markets.

For more information, visit our website at http://www.mni-indicators.com.

Source: MNI

Written by asiafreshnews

December 23, 2014 at 11:51 am

Posted in Uncategorized

Paris in Macao One Step Closer to Reality

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Las Vegas Sands Receives Permits Necessary to Complete Construction of The Parisian Macao

MACAO, Dec. 22, 2014 /PRNewswire/ — Las Vegas Sands Corp. (NYSE: LVS) today announced that the company’s majority-owned subsidiary, Sands China Ltd., has received the Macao government approvals needed to complete the construction of its US$2.7 billion Paris-themed integrated resort.

The completion of The Parisian Macao will bring Las Vegas Sands’ total investment in Macao to more than US$10 billion, with the vast majority of that investment spent building, among other things, expansive retail malls, convention and exhibition space and thousands of hotel rooms.

“From the moment we put our first shovel in the ground we have been committed to helping Macao secure its future as a center for leisure, business and entertainment. Our investment has provided tens of thousands of new jobs in areas such as retail, entertainment and hotel operations. We’ve enabled local companies and suppliers to grow their businesses and we’ve helped the government expand its tax base and diversify its economy. The Parisian Macao is 100 percent consistent with that vision and we look forward to families taking pictures in front of our Eiffel Tower in the near future,” said Las Vegas Sands and Sands China Ltd. Chairman Sheldon G. Adelson.

The Parisian Macao will feature more than 3,000 hotel rooms and suites, more than 490,000 square feet of retail space, diverse food and beverage offerings, new meeting and convention facilities and a 50 percent scale replica of the Eiffel Tower.

About Las Vegas Sands Corp.

Las Vegas Sands (NYSE: LVS) is the world’s leading developer and operator of Integrated Resorts. Our collection of Integrated Resorts in Asia and the United States feature state-of-the-art convention and exhibition facilities, premium accommodations, world-class gaming and entertainment, destination retail and dining including celebrity chef restaurants, and many other amenities.

Our properties include the five-diamond Venetian and Palazzo resorts and Sands Expo Center in Las Vegas, Sands Bethlehem in Eastern Pennsylvania, and the iconic Marina Bay Sands in Singapore. Through majority ownership in Sands China Ltd., LVS owns a portfolio of properties on the Cotai Strip in Macao, including The Venetian Macao, The Plaza and Four Seasons Hotel Macao and Sands Cotai Central, as well as the Sands Macao on the Macao Peninsula.

LVS is dedicated to being a good corporate citizen, anchored by the core tenets of delivering a great working environment for nearly 50,000 employees worldwide, driving impact through its Sands Cares corporate citizenship program and leading innovation with the company’s award-winning Sands ECO360 degrees global sustainability program. To learn more, please visit www.sands.com.

Contacts:

Investment Community:

Daniel Briggs

+1-702-414-1221

Media:

Ron Reese

+1-702-414-3607

Source: Sands China Ltd.

Related stocks: NYSE:LVS

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Written by asiafreshnews

December 23, 2014 at 11:30 am

Posted in Uncategorized

Kiyomi Launches at Jupiters Gold Coast with Star-studded Event

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GOLD COAST, Australia, Dec. 19, 2014 /PRNewswire/ — Jupiters Gold Coast launched its brand new Japanese restaurant and bar Kiyomi on December 17 with a star-studded celebrity and media cocktail event.

Kiyomi Launch – Jupiters Hotel & Casino MD Queensland, Geoff Hogg with Executive Chef Chase Kojima and Gold Coast Deputy Mayor Donna Gates
Celebrity guests included Pamela Stephenson Connolly, The Veronicas (Lisa & Jess Origliasso), Ricki Lee Coulter, Natalie Bassingthwaighte and Adam Liaw.

The evening was hosted by Managing Director, Queensland, Geoff Hogg, and internationally renowned Restaurant Executive Chef Chase Kojima, who celebrated the event with a traditional sake barrel ceremony, signifying harmony and good fortune.

Jupiters’ Managing Director, Queensland, Geoff Hogg, said that the launch of Kiyomi signified an important step in Jupiters’ transformation into a world-class integrated resort.

“We can now offer our guests and visitors dining to the standard found at globally-recognized high-end integrated resorts at Las Vegas or Macau, while at the same time providing a unique Gold Coast experience,” said Geoff.

Restaurant Executive Chef Chase Kojima said he was excited to give celebrities and media a taste of what visitors could expect from his second Australian restaurant.

“I’ve been amazed by the quality of produce here in Queensland and it has inspired me to design a menu that is not only modern Japanese but with the flavors of the Gold Coast and Queensland infused throughout,” said Chase.

Guests were treated to a selection of delicious tasting plates including scallop, yuzu honey, scorched corn and mache; hiramasu kingfish, miso ceviche, crispy potato and lime; and a “Goma Street” dessert – tempered dark chocolate, caramelized white chocolate mousse and black sesame ice cream.

Also unveiled at the launch event was a custom-created fluorescent UV artwork by Tokyo-based Houxo Que, a Japanese street artist. The large-scale piece covering an entire wall of the restaurant was installed at the venue over several days and is Houxo Que’s first exhibited work in Australia.

Kiyomi is the first restaurant to be launched as part of the property’s $345 million transformation. It follows a new poolside experience which opened last week featuring private bungalows, cabanas, and a poolside bar. A new Italian restaurant, Cucina Vivo, will also open this Summer.

When complete the redevelopment will also include a new six-star luxury hotel tower and an array of contemporary restaurants and bars.

For further information please contact:

Rebekah Boyle
Public Relations & Communications Director
Jupiters Hotel & Casino
P: +61-7-5592-8600
E: rebekah.boyle@echoent.com.au

Photo – http://photos.prnasia.com/prnh/20141219/8521407636

Source: Jupiters Gold Coast

Written by asiafreshnews

December 23, 2014 at 10:47 am

Posted in Uncategorized

UFC Announces Ken Berger as Executive Vice President and General Manager of Asia

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SINGAPORE, Dec. 22, 2014 /PRNewswire/ — The UFC® today announced the appointment of Kenneth K. Bergeras its Executive Vice President and General Manager of Asia.

Berger, 49, has a proven track record of business success throughout Asia, having worked across the region for the last 25 years. With an MBA from Thunderbird, American School of International Management, Berger went on to build his career at International Management Group (IMG), where he held the position of International Vice President Asia. His responsibilities at IMG included managing the licensing division in South East Asia, and then Japan, where he developed a variety of licensing programmes including Major League Baseball (MLB), Wimbledon, Arnold Palmerand the British Open.

Berger later made the move to ISL Marketing as their Managing Director, Japan and then to FIFA Marketing, where he headed the FIFA World Cup marketing and event services operations. After successfully delivering the marketing rights of the 2002 FIFA World Cup, he launched his own successful sports agency, Sports Marketing Japan (SMJ). For seven years SMJ worked as a licensee for globally renowned sports properties in developing branded mobile and pc sites in Japan for Serie A, NBA, NFL, PGA Tour, LPGA, UFC and ESPN.

In 2009, SMJ was acquired by Yoshimoto Kogyo, Japan’s largest entertainment production entity and talent agency.

On the appointment, UFC Chief Global Brand Officer Garry Cook said: “The UFC welcomes a leader like Ken to drive increased brand growth in Asia and take the sport and the UFC to the next level. The next twelve months will see UFC enter new markets, develop a more robust local roster of fighters and host several world class events inAsia and we are confident in the developments and successes that Ken will bring.”

Ken Berger added: “I feel honored to be joining the UFC. Mixed martial arts is the world’s fastest growing sport andAsia is its birthplace, which puts me in a very special position. I am hugely excited to be part of such a dynamic industry, and I am looking forward to helping the sport grow in this part of the world.  The international stage is an important piece of UFC’s success, together with our talented and committed staff and athletes, we will help to scale MMA across Asia.”

About the UFC®

Owned and operated by Zuffa, LLC, the UFC® is the premier mixed martial arts (MMA) organization and largest pay-per-view event provider in the world. Headquartered in Las Vegas with offices in London, Toronto, Singaporeand Sao Paulo, UFC produces more than 40 live events annually that consistently sell out some of the most prestigious arenas around the globe. UFC programming is broadcast in 129 countries and territories to nearly 800 million TV households worldwide in 28 different languages. The UFC has a multi-year broadcast agreement with FOX in the U.S., which annually includes four live events broadcast on the FOX network, as well as The Ultimate Fighter® reality television show and thousands of hours of programming on FOX Sports 1 and FOX Sports 2. In 2014, UFC launched UFC FIGHT PASS™, a digital subscription service with exclusive live events, thousands of fights on-demand and original content. The UFC organization also licenses over 100 UFC GYM® locations, and owns UFC.TV® (offering live event broadcasts and video on-demand around the world), UFC FIT® (an in-home fitness and nutrition program), UFC Magazine, and has a videogame franchise with EA SPORTS, UFC Fight Club®,UFC Fan Expo®, UFC branded apparel, DVDs and Blu-rays and Topps Trading Cards. For more information, visitUFC.com and follow UFC at Facebook.com/UFC, Twitter and Instagram: @UFC.

Press Contacts:

Feryal Hemamda, UFC
+65 6635 1674
fhemamda@ufc.com

Isabelle McLemore, UFC
+1 702 221 4790
imclemore@ufc.com

Source: UFC

Written by asiafreshnews

December 23, 2014 at 9:41 am

Posted in Uncategorized