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Archive for October 7th, 2015

JHL Biotech Lists on the Taiwan Emerging Stock Board

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HSINCHU/PRNewswire/ — JHL Biotech (TWEM: 6540), an emerging biosimilars company incorporated in Cayman Islands and based in Taiwan and China, announced today it has been publicly listed on the Taiwan Emerging Stock Board, effective September 17, 2015. \

Logo – http://photos.prnewswire.com/prnh/20151002/273487LOGO

JHL Biotech’s current capital value is $1.89 billion in New Taiwan dollars. The Taiwan Emerging Stock Board (ESB) is an introductory listing for companies before listing on Taipei Exchange (TPEx) or the Taiwan Stock Exchange (TWSE).

JHL Biotech’s public offering is made by certain shareholders selling a portion of their current holdings of JHL Biotech’s common stock. Yuanta Securities is the lead underwriter. Investors can contact JHL Biotech or buy directly from the Taiwan Emerging Stock Board.

About JHL Biotech

JHL Biotech is an emerging biopharmaceuticals company founded by a group of biotech veterans with decades of manufacturing experience. JHL Biotech has been backed by a consortium of top-tier venture capital firms includingKleiner Perkins Caufield & Byers, Sequoia Capital, Biomark Capital and China Development Industrial Bank (CDIB). JHL Biotech’s mission is to provide affordable world-class medicines to more patients worldwide. JHL Biotech concentrates on developing new protein drugs and biosimilars that comply with international standards. JHL Biotech has capability on cell line development, cell culture, purification, formulation, stability test and GMP manufacturing. In addition to in-house research and development, JHL Biotech has signed co-development agreements with four international medical companies.

A key component for JHL in achieving its vision is its state-of-the-art facilities that are built in compliance withUnited States, European Union and International Conference on Harmonisation (ICH) current good manufacturing practices (cGMP) regulations and guidelines. The company has facilities in Taiwan that support all pre-clinical and early clinical activities for biologics development. JHL is currently building facilities to support commercial manufacturing in Wuhan, China, with an expected completion within two years. With this comprehensive infrastructure in place, JHL Biotech is uniquely positioned to deliver manufacturing solutions to its worldwide partners. For more information about the company, visit www.jhlbiotech.com.

Contact Information:
Racho Jordanov and Rose Lin, Founders
Phone: +886-(0)3-658-3899
rlin@jhlbiotech.com
rjordanov@jhlbiotech.com

Yuanta Securities
+886-(0)2-27185886

This release contains forward-looking statements (the “Statements”) regarding future events and the future performance of JHL Biotech Inc. (the “Company”). The readers, viewers and recipients of the Statements are advised to acknowledge and understand that there are risks and uncertainties that could cause the actual results of the Company to significantly differ from the Statements. The Statements are based on the management’s current understanding and expectations. The Statements include but are not limited to information that relate to the business, goals, strategy, drug candidates, safety and efficacy of the drug products, product approvals, market potential, product sales, revenue, development, regulatory and approval timelines, product launches, product acquisitions, capital resources and any statements that relate to the intent, belief, forecasts, plans or expectations of the Company or its management, or that are not a statement of historical fact.

Risks that could cause the actual results of the Company to differ from the Statements include but not limited to the possibility that the existing and new drug candidates of the Company may not prove safe or effective, the possibility that the existing and new drug candidates of the Company may not receive approval from regulatory agencies in a timely manner or at all, the possibility that the existing and new drug candidates of the Company, if approved, may not be more effective, safer or more cost efficient than the competing drugs, the possibility that the price and other competitive pressures may make the marketing and sale of the drugs of the Company not commercially feasible, the possibility that the efforts of the Company to acquire or in-license and develop additional drug candidates may fail, the Company’s lack of sustained revenue history, the Company’s limited experience in establishing strategic alliances, the Company’s limited marketing experience, the Company’s customer concentration, the possibility of fluctuations in customer orders, evolving market dynamics, the Company’s dependence on third parties for clinical trials, manufacturing, distribution, information and quality control and other risks that are described in further detail in the Company’s reports filed with the Taipei Exchange. We do not plan to update any such forward-looking information in the Statements and expressly disclaim any duty and liability to update the information contained in this release except as required by law.

Photo – http://photos.prnasia.com/prnh/20151003/8521506542

Source: JHL Biotech

Related stocks: Gretai:6540

Written by asiafreshnews

October 7, 2015 at 8:02 pm

Posted in Uncategorized

PR Newswire Builds Stronger Ties with Financial Times Live to Support Their News Distribution Needs

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HONG KONG/PRNewswire/ — Global news distribution provider PR Newswire today announces further collaboration with Financial Times Live (FT Live), the global events arm of the Financial Times.

Does your company organize events? How does your company market them? When it comes to event marketing, it is important to reach the right audience and create enough buzz for maximum exposure.

PR Newswire was the supporting Newswire Partner for FT Live’s FT Asia Pharma-Healthcare Summit in May of this year, and both parties found great synergy in the collaboration. As a result, the partnership was expanded, and PR Newswire will be the supporting Newswire Partner for two upcoming FT Live events: FT-ACI Smarter World Summit and Asian Wealth Management Summit.

The FT-ACI Smarter World event looks at the impact of emerging technologies on Asian markets in the next 15 years, and the business opportunities presented by hi-tech breakthroughs of the 21st century. The Asian Wealth Management Summit will be held under the theme, “Understanding Asia’s Wealthy”, and will shed light on where the most lucrative opportunities lie, as well as what firms must do to capture these opportunities and grow their book of business.

“We’re honored that PR Newswire is the supporting Newswire Partner for some of the key FT Live events inSingapore this year,” said Royce Shih, Vice President of Asia-Pacific Sales and Marketing at PR Newswire. “The Financial Times is one of the leading news organizations for high-quality content, and they see the value in pushing out their content via our network. This gives us the opportunity to work more closely with FT Live, and further enhance their content distribution visibility, as well as engage with their key audiences. We are looking forward to deepening our relationship with FT Live across Asia-Pacific in the coming year.”

For more information about PR Newswire’s distribution networks and other services, contact us or visit our website.

For more information and to register for the following FT Live events, click on the links below:

FT-ACI Smarter World Summit (Singapore. Oct. 8, 2015)

Asian Wealth Management Summit (Singapore. Nov. 4, 2015)

About PR Newswire 

PR Newswire (www.prnasia.com) is the premier global provider of news release distribution and multimedia platforms that enable marketers, corporate communicators, public relations officers and investor relations professionals to leverage content to engage with all their key audiences. Having pioneered the commercial news distribution industry in 1954, PR Newswire today provides end-to-end solutions to produce, distribute, target and measure text and multimedia content across traditional, digital, mobile and social channels. Combining the world’s largest multi-channel content distribution and optimization network with comprehensive workflow tools and platforms, we enable the world’s enterprises to tell their stories to the world. PR Newswire serves tens of thousands of clients from offices in the Americas, Europe, Middle East, Africa and the Asia-Pacific region, and is a UBM plc company.

About FT Live

Financial Times Live (FT Live) is the global conferences and events division of the Financial Times Group. Chaired by senior journalists from the Financial Times Group, FT Live’s summits, conferences, awards and strategic forums gather the world’s brightest minds and most influential decision-makers.

Exclusive on-stage interviews, stimulating presentations and lively panel debates – available on multiple content platforms – provide the cutting-edge insights, unique personalities and peer audience engagement that have the power to transform finance, business, politics, society and culture.

The Financial Times provides essential news, comments, data and analysis for the global business community. It has a combined paid print and digital circulation of over 700,000. FT education products now serve two-thirds of the world’s top 50 business schools. Live.ft.com

For further information, please contact:
PR Newswire’s Asia Marketing Team
+852-2572-8228
asia.marketing@prnasia.com

Logo – http://photos.prnasia.com/prnh/20151006/8521506608LOGO

Source: PR Newswire

Written by asiafreshnews

October 7, 2015 at 7:47 pm

Posted in Uncategorized

AmCham Singapore Appeals for Swift Approval of the Trans-Pacific Partnership

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SINGAPORE/PRNewswire/ — The American Chamber of Commerce in Singapore (AmCham) urges the United States Congress to support the creation of the Trans-Pacific Partnership (TPP) and take action to ensure its successful conclusion. The TPP is a landmark free-trade agreement that will promote American growth and jobs. It covers an unprecedented range of sectors important to our economy including commodities, services, and new technologies, and sets standards that will shape commerce in the 21st century.

With a population of almost 800 million and a combined GDP that represents over 40% of the world total, the 12 negotiating parties  which include Singapore as well as its ASEAN neighbors Brunei, Malaysia and Vietnam  can expect to reap immense economic benefits from increased trade volumes and stronger economic ties within the TPP grouping. This will create jobs in member economies and provide more opportunities for companies of all sizes to grow and expand their reach in the region. Small and medium sized businesses (SMEs) have been a particular focus in the negotiations.

In addition, the TPP will incorporate 21st century cross-cutting “horizontal” issues such as regulatory coherence and transparency that will improve the environment for trade and investment in the region. These are issues faced by companies across all countries and sectors; addressing them ensures that growth-stimulating regional integration will proceed more smoothly and efficiently.

AmCham welcomes the comprehensive access to markets that the TPP is expected to bring to companies in the region. One of the defining features of the TPP is its commitment to liberalizing trade across all sectors in a non-discriminatory manner. A successful TPP will revolutionize international trade in the Asia-Pacific region.

James Andrade, AmCham Singapore Chairman, stated, “The Asia-Pacific region will continue to see high growth rates for years to come. The TPP will enable American companies to take advantage of this environment through deeper trade and investment ties in the region. Increased regulatory coherence will be especially helpful for smaller firms that want to establish operations in multiple locations in the Asia-Pacific region.”

“AmCham Singapore applauds the ground-breaking work on the TPP of U.S. Trade Representative Michael Fromanand his negotiating team.  The TPP will enable AmCham members to grow their business in the region. In addition to providing immediate benefits for American firms, increased trade also stimulates economic growth locally. This will add a significant boost for our members’ business interests in TPP economies,” AmCham Singapore Executive Director Judith Fergin said.

Background

The American Chamber of Commerce in Singapore is the leading international business association in Singaporewith over 5,000 members representing more than 750 companies.  American companies’ direct investment inSingapore exceeds an estimated S$195 billion.

For further information, contact:

Thomas H. McNutt
Head of Government & Public Affairs
Phone: +65-6597-5732
Email: tmcnutt@amcham.org.sg

Source: The American Chamber of Commerce in Singapore

Written by asiafreshnews

October 7, 2015 at 7:31 pm

Posted in Uncategorized

Siliconware Precision Industries Reports a 5.7% Quarter-over-Quarter Decline in Revenues Resulting in Earnings per Share of NT$ 0.86 or Earnings per ADS is US$ 0.13 for Third Quarter 2015

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TAICHUNG/PRNewswire/ — Siliconware Precision Industries Co., Ltd. (“SPIL” or the “Company”) (Taiwan Stock Exchange: 2325, NASDAQ: SPIL) today announced that its consolidated sales revenues for the third quarter of 2015 were NT$ 20,030 million, which represented a 5.7% decline in revenues compared to the second quarter of 2015 and a 7.5% decline in revenues compared to the third quarter of 2014. SPIL reported a net income ofNT$ 2,682 million for the third quarter of 2015, compared with a net income of NT$ 3,677 million and a net income ofNT$ 3,260 million for the second quarter of 2015 and the third quarter of 2014, respectively.

Diluted earnings per ordinary share for this quarter was NT$ 0.86, and diluted earnings per ADS was US$ 0.13.

All figures were prepared in accordance with T-IFRS on a consolidated basis.

For more information, please visit: http://photos.prnasia.com/prnk/20151006/8521506617

Contact:

Siliconware Precision Industries Co., Ltd.
No.45, Jieh Show Rd.
Hsinchu Science Park, Hsinchu
Taiwan, 30056
www.spil.com.tw

Janet Chen, IR Director
janet@spil.com.tw
+886-3-5795678#3675
Byron Chiang, Spokesperson
byronc@spil.com.tw
+886-3-5795678#3671

– Tables to follow –

SILICONWARE PRECISION INDUSTRIES CO., LTD.

CONSOLIDATED BALANCE SHEET (UNAUDITED)

As of Sept 30, 2015 and 2014

(Expressed in Thousands of New Taiwan Dollars (NTD) and U.S. Dollars (USD))

Sept  30,2015

Sept  30,2014

Sequential

ASSETS

USD

NTD

%

NTD

%

Change

%

Current Assets

Cash and cash equivalent

682,587

22,436,629

19

20,138,596

18

2,298,033

11

Accounts receivable

519,187

17,065,686

14

18,926,743

17

(1,861,057)

-10

Inventories

130,634

4,293,936

4

4,440,428

4

(146,492)

-3

Other current assets

55,700

1,830,864

1

1,819,328

1

11,536

1

Total current assets

1,388,108

45,627,115

38

45,325,095

40

302,020

1

Non-current Assets

Available-for-sale financial assets

196,284

6,451,861

5

8,477,221

8

(2,025,360)

-24

Long-term investment under equity method

1,257

41,318

135,709

(94,391)

-70

Property, plant and equipment

1,995,564

65,594,191

55

57,652,745

51

7,941,446

14

Intangible assets

6,179

203,097

274,240

(71,143)

-26

Other assets

54,284

1,784,320

2

1,496,319

1

288,001

19

     Total non-current assets

2,253,568

74,074,787

62

68,036,234

60

6,038,553

9

Total Assets

3,641,676

119,701,902

100

113,361,329

100

6,340,573

6

LIABILITIES AND STOCKHOLDERS’ EQUITY

Liabilities

Current Liabilities

Short-term loans

85,000

2,793,950

2

2,585,700

2

208,250

8

Financial liabilities at fair value through profit or loss-current

11,377

373,971

373,971

Accounts payable

196,168

6,448,043

5

7,624,719

7

(1,176,676)

-15

Current portion of long-term debt 

123,934

4,073,723

3

6,805,331

6

(2,731,608)

-40

Other current liability

426,184

14,008,667

13

12,617,537

11

1,391,130

11

Non-current Liabilities 

Bonds payable

382,311

12,566,577

11

12,566,577

Long-term loans

267,088

8,779,183

7

14,182,351

13

(5,403,168)

-38

Other liabilities

43,172

1,419,040

1

1,362,088

1

56,952

4

Total  Liabilities

1,535,234

50,463,154

42

45,177,726

40

5,285,428

12

Stockholders’ Equity

Capital stock

948,087

31,163,611

26

31,163,611

27

Capital reserve

479,806

15,771,210

13

15,771,441

14

(231)

Legal reserve

303,248

9,967,775

8

8,797,005

8

1,170,770

13

Retained earnings

308,281

10,133,190

9

8,663,479

8

1,469,711

17

Other equity

67,020

2,202,962

2

3,788,067

3

(1,585,105)

-42

Total Equity

2,106,442

69,238,748

58

68,183,603

60

1,055,145

2

Total Liabilities & Shareholders’ Equity

3,641,676

119,701,902

100

113,361,329

100

6,340,573

6

Forex ( NT$ per US$ ) 

32.87

30.420

(1)All figures are under T-IFRS.  

(2)Starting in 2015, SPIL prepares financial statements in accordance with 2013 IFRSs version endorsed by Taiwan. Under IFRS, the impact of newly effected GAAP shall be restroactively applied. The consolidated condensed balance sheets of Sept 30, 2014 have been updated accordingly.

SILICONWARE  PRECISION  INDUSTRIES  CO.,  LTD.

CONSOLIDATED INCOME STATEMENT (UNAUDITED)

(Expressed in Thousands of New Taiwan Dollars (NTD) and U.S. Dollars (USD))

3 months ended on Spet 30

Sequential Comparison

Non-operating Items

3Q2015

3Q 2014

YOY

3Q 2015

2Q 2015

QOQ

USD

NTD

%

NTD

change %

NTD

NTD

change %

Revenues

626,418

20,029,703

100.0

21,652,107

-7.5

20,029,703

21,240,037

-5.7

Cost of Goods Sold

(471,935)

(15,090,116)

-75.3

(16,100,965)

-6.3

(15,090,116)

(15,459,056)

-2.4

Gross Profit

154,483

4,939,587

24.7

5,551,142

-11.0

4,939,587

5,780,981

-14.6

Operating Expenses

Selling Expenses

(7,620)

(243,652)

-1.2

(250,950)

-2.9

(243,652)

(259,626)

-6.2

Administrative Expenses

(25,056)

(801,151)

-4.0

(708,279)

13.1

(801,151)

(941,586)

-14.9

Research and Development Expenses

(30,209)

(965,931)

-4.9

(964,576)

0.1

(965,931)

(984,176)

-1.9

(62,885)

(2,010,734)

-10.1

(1,923,805)

4.5

(2,010,734)

(2,185,388)

-8.0

Operating Income

91,598

2,928,853

14.6

3,627,337

-19.3

2,928,853

3,595,593

-18.5

Non-operating Items

3,812

121,878

0.6

341,007

-64.3

121,878

736,825

-83.5

Income Before Income Tax

95,410

3,050,731

15.2

3,968,344

-23.1

3,050,731

4,332,418

-29.6

Income Tax Expenses 

(11,522)

(368,427)

-1.8

(708,168)

-48.0

(368,427)

(654,928)

-43.7

Net Income

83,888

2,682,304

13.4

3,260,176

-17.7

2,682,304

3,677,490

-27.1

Other comprehensive income

Exchange difference on translation of foreign financial statements 

8,099

258,970

180,012

(97,201)

Unrealized loss on available-for-sale financial assets 

(51,759)

(1,655,007)

(1,419,352)

(1,364,486)

Income tax relating to items that may be reclassified to profits or loss 

949

30,363

120,186

20,610

Total other comprehensive income 

(42,711)

(1,365,674)

(1,119,154)

(1,441,077)

Total comprehensive income 

41,177

1,316,630

2,141,022

2,236,413

Earnings Per Ordinary Share-Basic 

NT$     0.86

NT$     1.05

NT$     1.18

Earnings Per Ordinary Share- Diluted 

NT$     0.86

NT$     1.04

NT$     0.93

Earnings Per ADS- Diluted 

US$     0.13

US$     0.17

US$     0.15

Weighted Average Outstanding Shares – Diluted (‘k)

3,129,886

3,125,037

3,374,893

Forex ( NT$ per US$ ) 

31.975

30.01

30.835

(1) All figures are under TIFRS.  

(2) 1 ADS is equivalent to 5 Common Shares.   

(3)Starting in 2015, SPIL prepares financial statements in accordance with 2013 IFRSs version endorsed by Taiwan. Under IFRS, the impact of newly effected GAAP shall be restroactively applied. The consolidated condensed Income Statement of Sept 30, 2014 have been updated accordingly.    

SILICONWARE PRECISION INDUSTRIES CO., LTD.

CONSOLIDATED INCOME STATEMENT (UNAUDITED)

For the nine Months Ended on Sept 30, 2015 and 2014

(Expressed in Thousands of New Taiwan Dollars (NTD) and U.S. Dollars (USD))

9 months ended on Sept 30, 2015 and 2014

2015

2014

YOY

USD

NTD

%

NTD

Change %

Net Sales

1,975,249

62,074,982

100.0

61,640,526

0.7

Cost of Goods Sold

(1,460,508)

(45,907,965)

-74.0

(46,425,302)

-1.1

Gross Profit

514,741

16,167,017

26.0

15,215,224

6.3

Operating Expenses

Selling expenses

(23,921)

(751,726)

-1.2

(690,430)

8.9

Administrative expenses

(81,604)

(2,562,713)

-4.1

(1,908,678)

34.3

Research and development expenses

(90,957)

(2,858,895)

-4.6

(2,650,855)

7.8

(196,482)

(6,173,334)

-9.9

(5,249,963)

17.6

Operating Income

318,259

9,993,683

16.1

9,965,261

0.3

Non-operating Items

13,271

403,618

0.6

619,130

-34.8

Income Before Income Tax

331,530

10,397,301

16.7

10,584,391

-1.8

Income Tax Expenses 

(45,441)

(1,423,007)

-2.3

(1,855,247)

-23.3

Net Income

286,089

8,974,294

14.4

8,729,144

2.8

Other comprehensive income

Exchange difference on translation of foreign financial statements 

142

10,297

113,851

Unrealized gain(loss) on available-for-sale financial assets 

(81,054)

(2,548,042)

2,425,687

Income tax relating to items that may be reclassified to profits or loss 

1,425

44,909

63,577

Total other comprehensive income 

(79,487)

(2,492,836)

2,603,115

Total comprehensive income 

206,602

6,481,458

11,332,259

Earnings Per Ordinary Share- Basic 

NT$     2.88

NT$     2.80

Earnings Per Ordinary Share- Diluted 

NT$     2.63

NT$     2.78

Earnings Per ADS- Diluted 

US$     0.42

US$     0.46

Weighted Average Outstanding Shares – Diluted (‘k)

3,407,264

3,139,434

Forex ( NT$ per US$) 

31.362

30.11

(1)All figures are under TIFRS .  

(2) 1 ADS is equivalent to 5 Common Shares.   

(3)Starting in 2015, SPIL prepares financial statements in accordance with 2013 IFRSs version endorsed by Taiwan. Under IFRS, the impact of newly effected GAAP shall be restroactively applied. The consolidated condensed Income Statement of Sept 30, 2014 have been updated accordingly.

SILICONWARE  PRECISION  INDUSTRIES  CO.,  LTD.

CONSOLIDATED  STATEMENTS  OF  CASH  FLOWS (UNAUDITED)

For 9 Months Ended on Sept 30, 2015 and 2014

(Expressed in Thousands of New Taiwan Dollars (NTD) and U.S. Dollars (USD))

9 months, 2015

9 months, 2014

USD

NTD

NTD

Cash Flows from Operating Activities:

   Net income before tax

331,530

10,397,301

10,584,391

   Depreciation  

307,889

9,678,952

8,748,015

   Amortization

14,818

465,771

441,642

   Change in working capital & others

(38,399)

(1,107,337)

(2,969,588)

Net cash flows provided from operating activities

615,838

19,434,687

16,804,460

Cash Flows from Investing Activities:

   Acquisition of property, plant, and equipment

(342,150)

(10,785,106)

(10,896,185)

   Proceeds from disposal of available-for-sale financian assets

674,622

   Proceeds from disposal of equipments

3,159

99,610

293,058

   Increase of equity investment

(63,818)

   Payment for other changes

(12,479)

(392,060)

(450,228)

Net cash used in investing activities

(351,470)

(11,077,556)

(10,442,551)

Cash Flows from Financing Activities:

   Proceeds from long-term loans

46,912

1,500,000

3,850,000

   Repayment of long-term loan

(261,535)

(8,235,833)

(1,589,083)

   Cash dividends distributed to shareholders 

(292,387)

(9,349,083)

(5,609,436)

   Increase (decrease) in deposit-in

(90)

(2,305)

114,399

Net cash used in financing activities

(507,100)

(16,087,221)

(3,234,120)

Foreign currency exchange effect 

319

12,006

35,560

Net increase (decrease) in cash and cash equivalents

(242,413)

(7,718,084)

3,163,349

Cash and cash equivalents at beginning of period

956,594

30,154,713

16,975,247

Cash and cash equivalents at end of period

714,181

22,436,629

20,138,596

Forex ( NT$ per US$ ) 

31.362

30.11

(1) All figures are under TIFRS.  

(2)Starting in 2015, SPIL prepares financial statements in accordance with 2013 IFRSs version endorsed by Taiwan. Under IFRS, the impact of newly effected GAAP shall be restroactively applied. The consolidated condensed Cash Flow Statement of Sept 30, 2014 have been updated accordingly.    

Source: Siliconware Precision Industries Co., Ltd.

Related stocks: NASDAQ-NMS:SPIL Taiwan:2325

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Written by asiafreshnews

October 7, 2015 at 7:04 pm

Posted in Uncategorized

Steve Simon Named CEO of the WTA

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ST. PETERSBURG, Florida /PRNewswire/ —

The Board of Directors of the Women’s Tennis Association (WTA) today announced its unanimous decision namingSteve Simon, the Tournament Director and Chief Operating Officer of the BNP Paribas Open Indian Wells Tennis Tournament, as the new CEO of the women’s tour.

(Logo: http://photos.prnewswire.com/prnh/20150219/731209 )
(Photo: http://photos.prnewswire.com/prnh/20151005/273778 )

Steve Simon, with his successful career leading one of tennis’ most prestigious tournaments, is the perfect person to run the WTA,” the Board said in a statement. “Steve produced results, pursued excellence and he kept innovating, making the fan experience even better. He has a very clear vision for the sport and is held in high regard by all.”

“I am humbled and at the same time very excited about the opportunity that has been presented to me by the Board,” Simon said. “I will be focused on building upon the successful platforms that have been put in place by my predecessors, Stacey Allaster and Larry Scott, with a sole focus on driving excellence and innovation, while creating a premium experience for the fans.”

Steve Simon is the right person for the job,” said WTA founder Billie Jean King. “His track record is marked by success. He is thoughtful, respectful and he has excellent business judgment.”

Serena Williams, Maria Sharapova and Caroline Wozniacki each praised Simon.

“When I returned to Indian Wells this year, Steve could not have been more helpful, professional and supportive,” said Williams. “I know how much he cares about the opinions of the players. He’s a good listener and he has our best interests in mind.”

“Steve is a strong leader and someone who thinks big about our sport,” said Sharapova. “Every year, Indian Wells gets more innovative and better. I’m glad to see him become our CEO.”

“He knows what fans want and he does a great job helping the players too,” said Wozniacki. “He has the right business skills, player relationships and smarts to run this tour. The tour is already very successful and I’m sure it will be even more so now.  I think he and Micky Lawler will make a great mixed doubles team.”

Simon will begin his duties immediately as he also winds down his role at Indian Wells. It is anticipated he will be fulltime with the WTA effective November 30, 2015.

Source: Women’s Tennis Association (WTA)

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October 7, 2015 at 5:01 pm

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Spanish Researchers Discover the Way Through Which Foetuses Really Hear and Respond to Musical Stimuli

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BARCELONA, LONDON and MILAN /PRNewswire/ —

The study is published in the British journal, Ultrasound, this week

  • The study demonstrates that a foetus of 16 weeks is already capable of properly hearing and responding to music as long as it is emitted from the mothers vagina.
  • The foetus can hardly hear sound from an external source and from its mother. It perceives it in a whispered, distorted form.
  • In the case of music emitted from the vagina, 87% of foetuses move their mouths or tongues and almost half pull out their tongues as far as they will go. They perform vocalisation movements prior to the acquisition of language.
  • The device developed for the study enables foetal deafness to be ruled out. It also makes ultrasound scans easier and reduces the stress of parents during pregnancy.

After only 16 weeks of existence, foetuses hear and respond to music as long as it is emitted from their mothers vagina. Foetuses respond to this stimulus by opening their mouths and pulling their tongues out as far as possible, making vocalisation movements – prior to the acquisition of language.

This is the main conclusion of the study conducted by the team of Institut Marques, which boasts the collaboration of Alberto Prats, Professor of Anatomy and Human Embryology of the Faculty of Medicine of the University of Barcelona.

The study, entitled Foetal facial expression in response to intravaginal music emission, is published this week in the journal Ultrasound of the British Medical Ultrasound Society (BMUS).

According to Dr. Marisa López-Teijón, the Head of Assisted Reproduction at Institut Marques and the principal researcher and author of the clinical study: “We have discovered that the formula for foetuses to hear like us is to emit music from the mothers vagina. They barely hear the sound that reaches them through their mother’s abdomen: the soft tissues of the abdomen and the inside of the mother’s body absorb the soundwaves”.

To view the Multimedia News Release, please click:
http://www.multivu.com/players/English/7647351-how-foetuses-hear-musical-stimuli/

Method and results

The pregnant women to whom music was applied from the vagina were fitted with a device designed specifically for the study. This was capable of emitting an average intensity of 54 decibels, the equivalent of a quiet conversation or background music. The music chosen was the Partita in A Minor for Flute Alone BWV 1013by Johann Sebastian Bach.

Using ultrasound scans, the research team compared the reaction of the foetuses and the results were statistically significant. When music was applied from the vagina, 87% of foetuses moved their mouths or tongues and approximately half of them reacted with a very noticeable movement, opening their jaws very wide and pulling out their tongues as far as possible, says Dr. Alex Garcia Faura, the Scientific Director of Institut Marques and co-author of the article. On applying music emitted through the abdomen or soundwaves, these changes in the expressions of the foetuses were not observed.

What is the reason for the foetuss response?

According to Alberto Prats, the Professor of Anatomy and Human Embryology of the Faculty of Medicine of theUniversity of Barcelona, we believe that the music induces a response through vocalisation movements because itactivates brain circuits that stimulate language and communication.

According to this hypothesis, once the formation of the inner ear is complete, when the foetus receives an auditory stimulus that includes rhythm or melody through the cochlea, very primitive brainstem centres that induce vocalisation are activated in the area related to social behaviour.

For the first time, Dr. Marisa López-Teijón says, we have been able to communicate with the foetus. From the 16th week, it is capable of responding to musical stimuli. We can say that learning begins in the womb.

About the Marques Institute

Institut Marques is an integrated international centre for gynaecology, obstetrics and assisted reproduction, which boast 90 years history in Barcelona. It possesses a team comprising 140 professionals and is headquartered inBarcelona, Great Britain, Ireland and Kuwait. It also has its own clinic in Italy, where it has become the first European fertility centre to open its doors. It welcomes patients from over 50 countries who require medical help to become parents.

Further information:

http://www.institutmarques.com/

http://www.fertility-experiences.com

Press Event. Barcelona, October 6th, 11.30 h. (CET time)

This section consists of Press Event live coverage or delayed broadcasting on the following links:

English: click on http://www.institutmarques.com/live.html

French: click on http://www.institutomarques.fr/live.html

Italian: click on http://www.institutmarques.it/live.html

Spanish: click on http://www.institutomarques.com/live.html

(Logo: http://photos.prnewswire.com/prnh/20150930/272299LOGO)

Video:
http://www.multivu.com/players/English/7647351-how-foetuses-hear-musical-stimuli/

Source: Institute Marques

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October 7, 2015 at 4:59 pm

Posted in Uncategorized

NBA and TISSOT Announce Groundbreaking Global Partnership

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NEW YORK /PRNewswire/ —

– Swiss Watch Brand Becomes the First Official Timekeeper of the NBA, WNBA, and NBA Development League –

– New Partnership will Enhance the Game through a Collaborative Integrated Timing System –

The National Basketball Association (NBA) and TISSOT announced today a new multiyear global partnership that makes the Swiss watch brand the first Official Timekeeper of the NBA, Women’s National Basketball Association (WNBA), and NBA Development League (NBA D-League).

(Photo: http://photos.prnewswire.com/prnh/20151005/273851)
(Photo: http://photos.prnewswire.com/prnh/20151005/273852)

This marks the first Official Timekeeping partnership for TISSOT with a major North American sports league and the largest partnership in the company’s history of more than 160 years. With the agreement, TISSOT adds to an already robust portfolio of international sports and sporting event partnerships.

TISSOT, the number one Swiss traditional watchmaker in terms of volume and a member of the Swatch Group – the world’s largest watch producer and distributor – will work with the NBA to develop a state-of-the-art integrated timing system. The new precision timekeeping system, inclusive of TISSOT-branded shot clocks, will be implemented across all 29 NBA arenas beginning with the 2016-17 NBA season.

“TISSOT is very proud to join the NBA and to be able to create a bond with the players and the fans,” said Francois Thiebaud, President of TISSOT. “The emotions and the spirit behind the sport will further translate into our products. Our daily work is to dress time. We create pieces of beauty and accuracy but above all of emotionality and that is what sport, and more particularly the NBA, is about.”

“In basketball every second – or even tenth of a second – can be critical, and this new partnership with TISSOT will bring state-of-the-art timing technology to every NBA arena,” said NBA Commissioner Adam Silver. “We are proud to partner with TISSOT, a world-class brand with a long history of developing innovative and dependable timekeeping systems.”

Additionally, the watch company will receive global league licensing rights for timepieces, watches, clocks, and watch accessories for all NBA teams. TISSOT will provide support for the partnership at its retail stores around the world.

The partnership will tip off this week during NBA Global Games 2015-16, which will feature six NBA teams playing seven regular-season and preseason games in six countries. TISSOT will also become Official Timekeeper and Official Watch of several marquee league events, including NBA All-Star, NBA Draft presented by State Farm, Samsung NBA Summer League, and NBA Global Games.

As part of the partnership, TISSOT will make investments across all NBA teams and league broadcast partners. In addition, TISSOT and the NBA will partner on a global basis through events, marketing, media, and the launch new NBA-themed creative and advertising.

Contacts:
Kim Mandara, NBA, +1-212-407-8158, kmandara@nba.com
Chloe McGill, TISSOT, +41-32-933-34-73, chloe.mcgill@tissot.ch

Source: TISSOT S.A.

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October 7, 2015 at 4:48 pm

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New Cohort of Five Projects to Join the WISE Accelerator

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DOHA, Qatar /PRNewswire/ —

The WISE Accelerator supports technology-driven projects addressing education challenges

The World Innovation Summit for Education (WISE), a leading international initiative driving innovation and collaboration in education, has revealed the names of the five projects that will join the 2015-2016 WISE Accelerator Program.

Launched in 2014, the Accelerator is designed to support the development of young, innovative projects with high potential for scalability and positive impact in the field of education. Selected projects benefit from a yearlong mentorship program tailored to address their specific needs. The WISE Accelerator also serves as an intermediary to connect these projects with an international network that creates opportunities to share knowledge and find support from donors and investors.

Since its inauguration, the WISE Accelerator program has been dedicated to support education projects from different regions and sectors that are using or designing technology to address education challenges.

The 2015-2016 cohort of five new projects will officially join the WISE Accelerator at the WISE Summit November 3-5, 2015 in Doha, where they will be invited to take part in specific workshops and be offered unique networking opportunities.

The selected projects for the 2015-2016 WISE Accelerator program are:

  • eduTechnoz (Canada/MENA): a portal providing educational content such as online games, eBooks and Interactive worksheets enabling users to teach and learn Arabic in a fun and effective manner.
    https://www.edutechnoz.com/
  • MGCubed (Ghana): a project aiming at improving the overall education standards of girls and addressing the challenges of teacher quality, teacher absenteeism and poor student learning by using cutting edge technology allowing real-time two-way interactive distance learning in deprived schools in Ghana.
    https://www.varkeyfoundation.org/content/making-ghanaian-girls-great
  • Kepler (Rwanda): a new kind of university giving access to an ultra low-cost US accredited degree by combining free world-class online courses with in-person seminars, coaching and intensive education-to-employment support.
    http://kepler.org/#home
  • Maths Curriculum Online (South Africa): a cloud-based online platform implementing the Maths Curriculum for grades 1-9, offering maths exercises, instant feedback on answers to the learners, tracking their individual progress throughout the year and enabling teachers to make data-informed decisions.
    http://www.greenshootsedu.co.za/
  • TeachPitch (UK): a cloud-based learning platform that helps teachers and schools, constantly constrained for time, identify, save and rate the best online resources available, as well as share learning resources worldwide.
    https://www.teachpitch.com/
Source: World Innovation Summit for Education (WISE)

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October 7, 2015 at 4:45 pm

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Saxo Bank Sees Opportunity in Emerging Markets Amid Falling Global Growth and a Tumultuous Start to Q4

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HELLERUP, Denmark /PRNewswire/ —

The plunge in the price of oil and other commodities has scores of emerging markets under severe pressure. And yet, it is in emerging markets that Saxo Bank sees most hope. As risks to global growth increase, the timing of a US interest rate move remains a shadow over such economies, but the very volatility this engenders creates its own trading opportunities. 

Emerging markets have been battered by a debt-induced perfect storm, a dizzy US dollar and crumbling commodities prices. However, according to Saxo Bank’s Essential Trades for Q4, there is hope – and investment opportunities – even though the pretend-and-extend cycle of denial persists.

Saxo Bank Chief Economist Steen Jakobsen, says: “The “pretend-and-extend” policy triggered a negative vicious cycle whereby EM-issued, dollar-denominated debt was converted into local currencies. Then, the stronger dollar increased both the debt burden and lowered commodity prices, a main export for many EMs. In turn, this meant less demand and less growth for EM. This happened in a world economy based on fiat money, dollar reserves, dollar-denominated commodities and debt and a rising US dollar. It’s no wonder that world growth is falling dramatically – the only surprise is that policymakers seem surprised,” added Jakobsen.

Looking beyond the current volatility and rout in emerging markets, Saxo’s Chief Economist, Steen Jakobsen sees a silver lining, commenting:

“The perfect storm raging through emerging markets is also the biggest opportunity in decades.”

Steen Jakobsen believes the way to play this is via FX trades because of liquidity and access issues. Many EMs are not deep enough to cater for robust equity markets. Additionally, academic studies show more than 80% of all returns in EM come from FX and not from owning bonds and stocks. That said, Steen Jakobsen thinks EM overall are a buy. Steen Jakobsen believes the fact that we are in the midst of a perfect storm should not fool us into believing “the sun will never shine again”.

Saxo Bank key trading ideas for the next quarter are:

  • Commodities

Commodities spent most of September stabilising after several raw materials, such as industrial metals, hit levels not seen since the beginning of the millennium. Rising supplies of key commodities from metals to energy and crops continued to play havoc with those EM countries whose prosperity depends on exports of raw materials.

Saxo Bank’s Ole Hansen expects that as we enter the final quarter of 2015, we will see light at the end of the tunnel for commodities assuming that supply is reduced. But if demand fails to keep up, the tunnel could grow even longer, leaving only a glimmer of hope.

  • Macro

Mads Koefoed, Head of Macro at Saxo Bank says the long-awaited Federal Reserve rate hike will be the landmark fourth macro event. Emerging markets, however, remain a factor as the extreme weakness seen after the late-summer withdrawal of risk appetite may well prove overdone.

  • FX 

Head of Saxo Bank’s FX Strategy, John Hardy, believes September’s Federal Reserve decision signalled that Fed policy is global policy, and particularly so for emerging markets. Although Q4 could see risk appetite-related rebounds in currencies like the RUB, BRL, TRY, and ZAR, a more conservative approach would look elsewhere – toMexico and to Poland, for example.

  • Fixed Income

Saxo Bank’s Head of Fixed Income Trading Simon Fasdal says fear infected markets during Q3 and remains a force to be reckoned with as we stand on the cusp of Q4.

Fasdal argues that emerging markets are where the road to opportunity begins. Firstly, the overall rotation away from emerging market assets has increased the yield difference between developed markets and emerging markets significantly. Secondly, the lack of growth is playing too big a factor.

  • Asia

Saxo Bank’s Asia Macro Strategist Kay Van-Petersen argues that although many feel the sell-off in emerging markets is overdone and we have seen the lows, he begs to differ. The cheap money that came out of the Fed’s quantitative easing, as well as China’s massive stimulus during the financial crisis, has inflated assets heavily. Global growth is decelerating, commodities have yet to find a floor, and EM assets have yet to catch up with the continuing deterioration of macro fundamentals.

  • Equities

Saxo Bank’s Head of Equity Strategy Peter Garnry says the third quarter of 2015 will be remembered as the big wake-up call as global equities spun into their most violent period, measured by the first and second derivative of volatility, since the 2008 financial crisis. Developed-market equities are down 6.2% for the quarter but emerging-market stocks are brutally down 16.2%.

Garnry believes strong underlying forces in many emerging markets are transforming themselves from pure export-driven and commodity producers into more balanced economies with more growth coming from domestic consumption as the middle class grows. The transition is already happening, and capital will flow back into emerging markets as soon as there is clarity over the trajectory of US rates.

To access the full list of trade ideas produced by Saxo Bank analysts which accompany the Q4 2015 outlook, please click here.

About Saxo Bank

Saxo Bank is an online multi-asset trading and investment specialist, offering private investors and institutional clients a complete set of tools for their trading and investment strategies. Its financial community portal, TradingFloor.com, is the first multi-asset social trading platform. A fully licensed and regulated European bank, Saxo Bank enables clients to trade FX, CFDs, ETFs, Stocks, Futures, Options and other derivatives on both our award-winning SaxoTraderand newly launched SaxoTraderGO platform, accessible on PCs, tablets or smartphones through a single account and available in more than 20 languages. The platform is white-labelled by more than 100 major financial institutions worldwide. Saxo Bank also offers professional portfolio and fund management as well as traditional banking services through Saxo Privatbank. Founded in 1992, Saxo Bank is headquartered in Copenhagen and has offices in 26 countries throughout Europe, Asia, the Middle East, Latin America, Africa and Australia.

Source: Saxo Bank
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October 7, 2015 at 4:44 pm

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d’Amico International Shipping Launches Two Eco-ships in Vietnam: Fleet Exceeds 50 Ships

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NHA TRANG, Vietnam /PRNewswire/ — d’Amico International Shipping S.A. (Italian Stock Exchange: DIS), one of the leading companies in the international transport of refined products and vegetable oils, launched two eco-ships today at the shipyards of Hyundai Vinashin Shipyard Co. Ltd – Vietnam, bringing the fleet to a record number of over 50 units.

(Photo: http://photos.prnewswire.com/prnh/20151006/274320)

The vessels Cielo di Ulsan, a handysize Ice Class of 39,000 tons and High Trader, a medium range 50,000-ton product tanker showcase innovative design aimed at offering incredible versatility in type of transport, elevated performance in terms of energy efficiency and consumption and an impressive reduction of emissions, allowing them to already meet the international standards that will come into force in 2025. With the addition of the two ships, the DIS fleet now comprises 51.83 double-hull tankers, with an average age of 7.6 years, of which 25.33 vessels owned and 26.50 chartered (decimal numbers due to ships in joint ventures with other companies).

The two eco-ships, worth a total of more than 62 million dollars, are a part of the maxi 755 million dollar investment plan that DIS launched in 2012 and which includes, to date, a total of 22 high performance vessels, of which 10 already delivered.

DIS already assigned the ships to two major international oil companies at the time of the order, under time-charter contracts, one lasting 30 months and the other three years, managing to anticipate the extraordinary global demand in the transport of refined petroleum products, today favoured both by the transfer of refineries (from the main consuming regions to oil production areas) and the decreasing of crude oil prices.

DIS currently has 12 other new eco-ships, including 3 Handysize, 3 medium-range and 6 LR1, under construction.

Management’s Comments

Marco Fiori, Chief Executive Officer of d’Amico International Shipping S.A. stated:

We have added two more ships of great construction quality to our young fleet, which are capable of offering our customers safety, efficiency and profitability. In this context, the partnership with the shipyards of Hyundai Vinashin Shipyard has proven to be strategic for the development of our fleet, which today reaches the record number of ships in the history of dAmico International Shipping. This extremely positive moment on the market and increasingly close relations with major oil companies and multinational manufacturers of vegetable oils, which request our ships more and more often, confirm that DIS has taken the right route. With the addition of other 12 eco-ships currently under construction by 2018, we will further consolidate our competitive position on the global shipping market that today already sees us among the leaders.

dAmico International Shipping S.A.
Anna Franchin – Investor Relations Manager
Tel: +35-2-2626292901
Tel: +37-7-93105472
E-mail: ir@damicointernationalshipping.com

Capital Link
New York – Tel. +1-(212)-6617566
London – Tel. +44-(0)20-76142950
E-mail: damicotankers@capitallink.com

Polytems HIR Srl
Roma – Tel. +39-06-6797849
E-mail: ir@damicointernationalshipping.com

Media Relations
Havas PR Milan
Marco Fusco
Tel.: +39-02-85457029 –  Mob.: +39-345-6538145
E-mail: marco.fusco@havaspr.com
Antonio Buozzi
Tel.: +39-320-0624418
E-mail: antonio.buozzi@havaspr.com

Source: d’Amico International Shipping S.A.

Related stocks: Milan:DIS

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October 7, 2015 at 4:34 pm

Posted in Uncategorized