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Archive for December 14th, 2015

An End-of-year ‘Buy Home, Fly Home’ Special Offer for NRIs, With Tata Housing’s Happy Returns Campaign 2.0

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DUBAI, UAE /PRNewswire/ — Following the stupendous success of its Happy Returns Campaign, launched in July 2015, Tata Housing – one of the fastest growing real estate companies in India – has announced the second edition of this campaign today. In the second edition of the campaign, customers are entitled to 87,000 40,00,000 Jet Privilege miles on the purchase of a home across all the Tata Housing projects in India.

The free miles will be credited to the customer’s Jet Privilege account post fulfillment of 20 per cent payment by the customer. In case the customer does not have a JP Account, a new account will be created and these miles will be credited to him. This offer is only applicable to a customer residing outside of India with a valid non-resident Indian (NRI) status including Indian passport holders, those having valid work permits outside India and green card holders.

Mr. Brotin Banerjee, CEO & Managing Director – Tata Housing, said, The year-end festive season is when NRIs return home to visit their families and we believe it is an opportune time for them to book their dream homes.Tata Housing has received an encouraging response from NRIs who currently contribute between 15-20 per cent of total sales expected to increase to 25-30 per cent in the next 3-4 years. With growing interest from Indian communities in the aforementioned geographies, the Happy Returns Campaign is a tribute and step in catalyzing those dreams.”

NRIs are increasingly viewing Indian real estate as a lucrative investment, buying properties across the country owing to the sector’s growth and dynamism. Moreover, since pioneering online home selling in 2013, Tata Housing has listed all of its projects online, making it convenient for NRIs. Tata Housing launched an integrated payment gateway to allow customers to make their entire home purchase online. To illustrate, the company recently sold an INR 5.5 crore villa at its eco-luxury project Myst, Kasauli – India’s biggest online sale.

Homes by Tata Housing are designed after thorough research. They are an extension of both resident and non-resident Indian consumers’ personality and preferences. Tata Housing is devoted to providing differentiated and customized offerings to its customers through its projects such as concierge services, spa services along with smart home facilities, state-of-the-art amenities in the form of infinity pools, club houses, and community centers.

Media Contact
Amit Nanda

Source: Tata Housing

Written by asiafreshnews

December 14, 2015 at 7:28 pm

Posted in Uncategorized

Liposome-encapsulated Vincristine Made Available to Acute Lymphoblastic Leukemia Patients Through Global myTomorrows Platform

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AMSTERDAM /PRNewswire/ —

myTomorrows (Amsterdam, the Netherlands), announced today that it has started a collaboration with Spectrum Pharmaceuticals, Inc. (Henderson, USA; NasdaqGS: SPPI) to provide access to its liposome-encapsulated vincristine for treatment of Philadelphia chromosome negative acute lymphoblastic leukemia.

(Logo: )

In August 2012, the US FDA approved the product for treatment of this rare type of leukemia. Through myTomorrows’ Internet-based platform, the product is now also made available to patients and doctors in all other countries of the world, except mainland China, Taiwan and Hong Kong, through an Early Access Program.

“We are pleased to make liposome-encapsulated vincristine also available to leukemia patients outside of the United States, in countries where the treatment did not yet receive market approval,” said Dr. Ronald Brus MD, founder and CEO of myTomorrows. “By taking care of the complex and time consuming process of receiving approval from regulatory authorities and healthcare insurers for individual patients, we aim to unburden these patients and their physicians by fulfilling their request as quickly as possible.”

Joseph Turgeon, President and COO of Spectrum Pharmaceuticals said “We look forward to expand our collaboration with myTomorrows to also bring this product to doctors and patients through myTomorrows’ global platform. It provides an additional option for acute lymphoblastic leukemia patients whose disease is unresponsive to available therapies and underscores Spectrum’s efforts to combat this terrible disease.”

About myTomorrows

myTomorrows provides access services to patients and physicians in need of diagnostic tests and drugs in development. The myTomorrows internet platform also offers uniform public information about early access programs, clinical trials and diagnostic tests to enhance data-driven decision making and enables rational pharmacotherapy.

About Spectrum Pharmaceuticals, Inc.

Spectrum Pharmaceuticals is a leading biotechnology company focused on acquiring, developing, and commercializing drug products, with a primary focus in Oncology and Hematology.  Spectrum and its affiliates market five oncology drugs. Additionally, Spectrum’s pipeline includes three drugs in advanced stages of clinical development. Spectrum’s strong track record in-licensing and acquiring differentiated drugs, expertise and proven track record in clinical development have generated a robust, diversified, and growing pipeline of product candidates in advanced-stage Phase 2 and Phase 3 studies.  More information on Spectrum is available at

Contact Erdem Yavuz, +31-88-525-3888,

Source: myTomorrows and Spectrum Pharmaceuticals, Inc.

Written by asiafreshnews

December 14, 2015 at 7:20 pm

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Northstar Announces New Head of Distribution

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HAMILTON, Bermuda /PRNewswire/ —

Northstar Financial Services (Bermuda) Limited is pleased to announce the appointment of Alejandro Moreno in the role of Head of Distribution.

Alejandro brings over 19 years of experience in global financial organizations. Alejandro has joined Northstar from Sun Life Financial International, where he was most recently Head of Global Relationships. At Sun Life, Alejandro managed the global Key Account and Sales teams and the firm experienced significant growth across all territories under his stewardship. Prior to joining Sun Life in 2008, Alejandro spent 12 years at Putnam Investments where he held a variety of positions within the firms offshore business. Alejandro completed his undergraduate program at CENP in Madrid and is bilingual in English and Spanish.

Northstar’s CEO, Michael Staveley, commented:

“We are delighted that Alejandro has joined us in the newly created role of Head of Distribution and we look forward to him playing a central role in the firm’s continued growth. Alejandro will be working closely with the other members of the Executive Team and Directors as we seek to expand the firm’s global distribution network and enhance our product range. The Northstar platform has been in operation for 17 years and this key hire is a further demonstration of our longstanding commitment to the international business.”

About Northstar

Established in 1998 as Nationwide Financial Services (Bermuda) Limited and renamed Northstar in 2005, the firm provides financial solutions to meet the needs of non-US clients and offers a range of attractive fixed-rate and variable investment plans to a global client base. The firm’s fixed-rate products offer competitive guaranteed interest rates coupled with the option of added principal protection. Northstar’s variable products offer investors access to a broad selection of funds from a range of leading asset managers, with unlimited free transfers between underlying investment options. All Northstar products provide clients with segregated account protection, generous liquidity terms and a variety of commitment periods, as well as the benefits of a Bermuda trust structure, which include financial security, privacy and enhanced wealth transfer flexibility. Working with an extensive range of distribution partners such as banks and other financial institutions, Northstar has clients in over 100 countries.

Northstar is regulated by the Bermuda Monetary Authority and is a Segregated Accounts Company.

Northstar Financial Services (Bermuda) Ltd. +1(441)296-1351 |

Source: Northstar

Written by asiafreshnews

December 14, 2015 at 7:06 pm

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Predictive Has Entered Into a Strategic Agreement with Google to Become a Google Analytics(TM) Certified Partner & Authorized Premium Reseller

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BANGKOK /PRNewswire/ — Predictive is proud to announce that it hasentered a strategic agreement with Google to become a Google Analytics™ Certified Partner (GACP) and Google Analytics Authorized Premium Reseller. It means that the company is part of a highly qualified global network of companies that have been vetted by Google over a number of months to ensure that it meet the rigorous qualification standards.

Google Analytics Authorized Premium Reseller
Google Analytics Authorized Premium Reseller


As a Google Analytics Certified Partner, Predictive offers a variety of professional services to help clients make the most of Google Analytics and therefore maximize their digital and marketing efforts. These include:

  • Auditing current digital analytics set-up & consulting for Digital Measurement across digital footprint
  • Advanced feature implementations
  • Analysis & Reporting
  • Training and on-going consulting

In addition to the above, Predictive is also approved to sell Google Analytics Premium to clients and service them for this product to ensure it is used to its full potential. This paid for version of GA, which is an important addition to the enterprise set of tools that Google offers and benefits, includes:

  • Faster and fresher data, unsampled data, Up to 200 Custom Dimensions and Metrics, Enterprise grade security, reliability and Premium integrations with DoubleClick and BigQuery.
  • Advanced algorithmic data-driven attribution modeling and activation
  • Service level agreements around client data ownership, data collection and reporting accuracy and frequency

Predictive has an established track record of delivering advanced Google Analytics solutions,” says Leroy Pinto, Head of Enterprise Analytics, SEA & India . “We are excited to welcome them into the Premium Reseller program and look forward to their contributions to the analytics industry.

In a statement announcing the new partnership, Nuttakorn Rattanachaisit, Founder & Managing Director of Predictive says, “We are delighted to become an Certified Partner & Authorized Premium Reseller for Google Analytics. It is huge leap forward in the direction of where Predictive is going as a company. At Predictive, we help our clients understand the value of their data across a wide digital footprint to create sustainable growth. We believe in delivering tangible results that represent a true return on investment. And with our advanced reporting and analysis capabilities, you can see exactly how much value we’re adding and where.”

For more information, please visit

Media Contact:
Nuttakorn Rattanachaisit
Founder & Managing Director

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Source: Predictive

Written by asiafreshnews

December 14, 2015 at 6:57 pm

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Avantium Reserves Capacity in its First FDCA Production Plant for Mitsui

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TOKYO /PRNewswire/ —

Avantium signed an agreement with Mitsui & Co., Ltd. (Mitsui), to commercialize 100% biobased chemicals FDCA and PEF in Asia. As part of this agreement, Mitsui has been granted a right to purchase a sizable volume of FDCA from the first commercial FDCA plant to be constructed by Avantium.

Currently Avantium is in the preparation stage of the construction of the first FDCA production plant and plans to share further details on the capacity, location and time lines for the construction in Q1 2016. Demonstrating the potential for PEF and FDCA in the Asian market, Avantium has reserved a significant portion of the capacity from this first FDCA plant for Mitsui.

Avantium and Mitsui have entered into a development and roll out agreement for PEF thin films in Asia and PEF bottles in Japan. Given its barrier performance, Avantium research demonstrates PEF can bring significant benefits as packaging material for oxygen sensitive goods such as food, beer and health care products. The parties are also partnering to launch and grow the market for other FDCA- based applications such as co-polyesters.

Tom van Aken, CEO Avantium, commented: This partnership with Mitsui is a unique opportunity for Avantium to unlock the growth opportunities in the Asian market, one of the fastest growing markets for packaging materials. This collaboration expands our PEF developments beyond bottles, as supported by The Coca-Cola Company, Danone and ALPLA, into the new application of thin PEF films. Particularly Japan is a very attractive market for a high performance material like PEF. The Japanese packaging industry is highly innovative, resulting in a large variety of packaging formats to meet the high quality standards demanded by local consumers. It is our ambition to support Mitsui and their Japanese partners and customers to launch PEF and other FDCA-based applications to the market well in time for the Tokyo Olympics.

For Mitsui, the collaboration with Avantium is an extension of its strong bio-based chemicals portfolio. Mr. Hidebumi Kasuga, General Manager of Specialty Chemicals Division II, Basic Chemicals Business Unit, commented: Mitsui believes FDCA and PEF are bio-based building blocks with a high market potential. We are happy to strengthen our position in this field by collaborating with Avantium, who is the leader in FDCA and PEF production technology. This partnership fits well with Mitsuis strategy in pursuit of future bio-refinery structures, combining our strength in feedstock, project management, chemicals, and end markets.


Source: Avantium

Written by asiafreshnews

December 14, 2015 at 6:46 pm

Posted in Uncategorized

Crystal Lagoons Awarded Guinness World Record for “World’s Largest Crystalline Lagoon”

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BANGKOK /PRNewswire/ — Crystal Lagoons, a multinational innovation company, set a new Guinness World Record for the “World’s Largest Manmade Crystal Clear Lagoon,” breaking its own previous 2007 Guinness World Record when the iconic San Alfonso del Mar crystal lagoon (8 hectares) was named the largest crystalline lagoon by the Guinness World Records.

Experience the interactive Multimedia News Release here:

This time, the Guinness World Record goes to the 12.5-hectare Crystal Lagoon that is the main attraction of the Citystars Sharm El Sheikh tourist development. Located in the middle of the desert in one of Egypt’s most luxurious coastal areas, the project has a total investment of $5.5 billion U.S. dollars.

Located on more than 750-hectares of land with more than 12 Crystal Lagoons totaling 100 hectares of crystal clear water, the project is the result of a joint venture between Crystal Lagoons and the Sharbatly family, one of the oldest and most prominent families in the Middle East and Africa who has played an important role in the economic development of Saudi Arabia.

Crystal Lagoons has brought the world’s top amenity to Egypt’s Citystars Sharm El Sheikh as well as one of the first mega projects in Thailand – the bespoke MahaSamutr, Hua Hin’s Private Country Club and exclusive luxury villa project by PACE Development, joining Crystal Lagoons’ worldwide portfolio of more than 300 projects in 60 countries.

In addition, Crystal Lagoons is also developing “Bintan Treasure Bay”- its first project in Indonesia– apart from other 10 projects in development stages within the region.

As part of Crystal Lagoons’ expansion in South East Asia, the company has recently opened its first commercial office in Bangkok, Thailand, appointing Jaime Rivera as Regional Director.


Crystal Lagoons is the only firm in the world that can offer this innovative technology, which enables the economically viable development of giant crystalline lagoons suitable for swimming and water sports. These immense bodies of water are an irreplaceable amenity for real estate and tourist projects worldwide, as they add value and caused a revolution in the worldwide real estate industry.

Source: Crystal Lagoons

Written by asiafreshnews

December 14, 2015 at 6:24 pm

Posted in Uncategorized

Siliconware Precision Industries Co., Ltd. Forms a Strategic Alliance with Tsinghua Unigroup Ltd.

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TAICHUNG/PRNewswire/ — Siliconware Precision Industries Co., Ltd. Announcement (Taiwan Securities Exchange code: 2325, NASDAQ code: SPIL): Siliconware Precision Industries Co., Ltd. (“SPIL”) and Tsinghua Unigroup Ltd. (“Unigroup”) entered into a Strategic Alliance Agreement and Share Subscription Agreement today in Hsinchu.

1.  Purpose of Alliance

(1)     As a global semiconductor packaging and testing leader with advanced packaging and testing capabilities, SPIL aspires to retain its significant role in the industry around the world.

(2)   Unigroup is proactively looking for high quality investment opportunities along the semiconductor supply chain, and to seize growth opportunities in the semiconductor markets in mainland China and globally.

(3)   Unigroup has established a complete and strong semiconductor platform across the global supply chain. With the foregoing purposes, it will facilitate its investee companies to cooperate and build a long-term business relationship with SPIL. SPIL will be able to participate in the prime period of growth for the mainland Chinasemiconductor market and further expand market shares in both mainland China and globally.

2.  SPIL’s Development Plan

To enhance core competitiveness, SPIL will continue to increase the scale of global operation, invest in advanced processing R&D, and expand high-end packaging and testing capacity. The majority of funds raised from this cooperation are expected to be used for investments in Taiwan, including hardware development and cultivation of local talent to sustain long-term development in Taiwan. In addition, SPIL will cooperate with leading foundry players to capture more market share in the advanced packaging and testing industry.

(1)   Expand capabilities for bumping, flip chip, testing and turnkey solutions in Taiwan ZhongKe site (facility in Taichung Science Park) to further enhance high value-added services and increase market share;

(2)   Develop advanced packaging and testing capacity, such as Fan Out WLP, 2.5D/3D IC, and others in the Taiwan ZhongKe site;

(3)   Further develop advanced System-in-Package or SiP in response to the fast-growing opportunities in wearables, automotive electronics, and the Internet of Things with accelerated capacity expansion in Taiwan;

(4)   Further invest in the research and development for advanced packaging and testing technology and establish a R&D headquarter in Taiwan;

(5)  Expand SPIL (Suzhou)’s operation by further adding bumping and flip chip capacity and to provide turnkey solutions, aiming to address the growing business in mainland China; and

(6)   Explore vertical integration with suppliers of major packaging and testing materials to secure a stable, high-quality supply, including but not limited to potential consolidation and joint R&D and cooperation with relevant suppliers.

Bough Lin, Chairman of SPIL, stated that: “With this strategic alliance, SPIL will not only solidify relationships with our existing customers, but will also be able to provide IC packaging and testing services to Unigroup’s existing and future portfolio companies in the semiconductor industry.  As Unigroup continues to build and expand its footprint in the global semiconductor value chain, it will be very beneficial to SPIL’s competitive positions in both the mainland China and the global markets.”

Zhao Wei-Guo, Chairman of Unigroup, stated that: “We are delighted to form a strategic alliance with SPIL, a leader in IC packaging and testing services. With SPIL’s capability in IC packaging and testing services, we believe SPIL will become an important member to help establish cross-straight semiconductor supply chain, and create a win-win situation through our further cooperation.”

3.  Private Placement Investment and Compliance

In order to establish the foundation of the long-term strategic alliance, upon obtaining the approvals from the shareholders and related competent authorities, SPIL plans to invite Unigroup to subscribe, through its affiliate company, to newly issued SPIL shares by means of a private placement as a strategic investor. Unigroup will subscribe 1,033million newly issued SPIL shares priced at NT$ 55 per share and own 24.9% of the total shareholding of SPIL after the capital injection. Unigroup will designate one person to serve as a director on SPIL’s board. Unigroup shall comply with relevant Taiwan regulations regarding investments by Mainland Chinese investors in the semiconductor sector, which require the investor to provide an industry cooperation plan and declare to not obtain control over SPIL, including, but not limited to, (a) not assume or appoint the Company’s management; (b) that its number of directors shall not exceed the aggregate number of directors for all other shareholders; (c) not to solicit proxy statements at shareholders’ meetings; and (d) other matters requested by competent authorities.


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

Janet Chen, IR Director

Mike Ma, Spokesperson

Source: Siliconware Precision Industries Co., Ltd.

Related stocks: NASDAQ-NMS:SPIL Taiwan:2325

Written by asiafreshnews

December 14, 2015 at 6:18 pm

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Success Dragon to Provide Electronic Gaming Machine Management Services to Two Five-star Vietnam Hotels

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–Expand Business Internationally and Broaden Revenue Source
HONG KONG /PRNewswire/ — Success Dragon International Holdings Limited (“Success Dragon” or the “Group”, SEHK: 1182) is pleased to announce that the Group has entered into two agreements, namely the Le Meridien Fundamental Agreement (“Fundamental Agreement”) and Opera Management Agreement (“Management Agreement”), for providing outsourced services of 187 electronic gaming machines management at the electronic gaming machine clubs operated by and/or located in two five-star hotels in Vietnam, namely Le Meridien Hotel in Ho Chi Minh City and One Opera Hotel in Danang.

The Group has entered into the Fundamental Agreement with Tien Phuoc and 990 Company Limited, the owner of the Le Meridien Hotel on 28 October 2015 for cooperating to establish and operate an electronic gaming machine club to carry out the electronic games with prizes for foreigners at the Le Meridien Hotel for a term of at least 10 years. Success Dragon will invest in, manage and operate the electronic gaming machine club.

Success Dragon has also entered into a Management Agreement with Cong Ty Co Phan Thuong Mai Va Xay Dung Hong Lam, the owner of One Opera Hotel on 10 December 2015. Pursuant to the Management Agreement, the Group will exclusively manage the services of prize-winning games in the electronic gaming machine club in One Opera Hotel for an initial term of 10 years and subject to the extension of term for another 10 years.

The Group will receive a monthly management fee, which is calculated as 4% of the total gross revenue, brought by the operation of the One Opera Hotel after deducting all payments made to the prize-winning games players for electronic gaming machines and exercise tax as required by the laws of Vietnam (“Laws”). If the management fee exceeds the maximum amount as permitted by the Laws, the management fee will be adjusted to an amount in compliance with it.

Currently the outsourced services of electronic gaming machines management business of the Group is managing approximately 800 operative gaming machine units in Macau. The Group has selected Vietnam as the first country for its international expansion of outsourced electronic gaming machine management business. According to the World Bank, the national economic output of Vietnam’s GDP and GDP per capita were USD186.2 billion and USD1,077.91 respectively, in 2014, representing a year-on-year increase of 6.0% and 4.8% respectively. This high-level sustainable growth will economically empower the community in Vietnam which can in turn energize the entertainment sector and boost domestic gaming expenditure in Vietnam.

Mr. Carlos Luis SALAS PORRAS, Chairman of Success Dragon, stated, “Currently the outsourced services of electronic gaming machines management business of Success Dragon has been carried out in Macau. Considering the economic growth in Vietnam driven by the industrial and service sectors, it is expected that there will be more foreign visitors to Vietnam leading to a potential growth for the electronic gaming industry. Following the entering into of the two agreements, the Group will be expanding its outsourced electronic gaming machine management business internationally and enter into a growing market. It will broaden the Group’s revenue source of this business sector and reinforce our expansion plans.”

About Success Dragon International Holdings Limited (SEHK: 1182)

Success Dragon International Holdings Limited is principally engaged in providing IT services for racing enterprises in Vietnam and electronic gaming equipment management services for casino operators in Macau and Vietnam. The Group’s business strategy has long been seeking investment opportunities proactively, especially in the gaming industry in Asia. Success Dragon will continue to procure new business relationship in Macau and Vietnam and plan to extend its geographical reach to other parts of Southeast Asia.

For media enquiries, please contact PR ASIA Consultants Limited.

Lorraine Lam / Veronica Hui / Alice Mok / Sadie Lo
Tel: +852-3183-0230/ +852-3183-0251/ +852-3183-0239 / +852-3183-0260

Source: Success Dragon International Holdings Limited
Related stocks: HongKong:1182
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December 14, 2015 at 4:55 pm

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Take Home a Taste of The Peninsula from Hong Kong International Airport

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HONG KONG/PRNewswire/ — Peninsula Merchandising Limited is delighted to unveil its latest boutique within the ‘I Love Hong Kong’ retail zone in the passenger departure hall at Hong Kong International Airport, offering last minute gifts and memories for a touch and taste of Hong Kong.

The brand new Peninsula Boutique at Hong Kong International Airport
The brand new Peninsula Boutique at Hong Kong International Airport

The latest Peninsula Boutique offers the finest selection of the hotel group’s delicacies, including artisanal chocolates, cookies, exquisite Peninsula tea blends and a range of fine gifts that allow passengers to take a slice of The Peninsula lifestyle back home.

“The Peninsula Hotels has a long history in serving travellers from all over the world with impeccable service, we are delighted to operate our own boutique at the travel hub of Hong Kong to offer customers a taste of The Peninsula,” said Julie Bourgeois, General Manager, Peninsula Merchandising Limited.

Inspired by travel, the new 664 square-foot Peninsula Boutique showcases the iconic luxurious design by renowned international interior design firm Yabu Pushelberg, gives a feeling of contemporary elegance.

The new boutique also carries a range of exclusive products from three different flavoured hand-dipped chocolate cookies made from the world’s finest ingredients, to flavourful packages of assorted fine Peninsula Blend Western and Chinese teas in special gift boxes featuring archival images and luggage tags which recall history of The Peninsula Hotels.

Other tempting items include the decadent artisanal chocolates, hand-made by Maitre Chocolatier, Marijn Coertjens who won the third place of “World Chocolate Masters” in Oct 2015.

The latest Peninsula Boutique is the first airport retail outlet managed solely by Peninsula Merchandising Limited.

The Peninsula Boutique is located at Shop 7E144, Level 7, East Hall, Terminal 1, Hong Kong International Airport, Chek Lap Kok, Lantau, New Territories, Hong Kong (at the ‘I Love Hong Kong’ area). Opening hours:  7:00 am to 11:00 pm. For more information, please enquire at +852-2812-0421, fax +852-2812-0432, or visit

For further information, please contact:

Ms Lamey Chang
Manager, Communications
Peninsula Merchandising Limited
Suite 1002, Tower 6, China Hong Kong City
33 Canton Road, Tsim Sha Tsui, Kowloon, Hong Kong
Telephone: +852-2193-6610
Facsimile: +852-3007-2131

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Source: Peninsula Merchandising Limited

Written by asiafreshnews

December 14, 2015 at 3:42 pm

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Asia Plantation Capital Expands Agarwood Inoculation Programme in Malaysia

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KUALA LUMPUR, Malaysia /PRNewswire/ — Over the course of 2015, award-winning plantation management company, Asia Plantation Capital, has expanded its inoculation and plantation programme for Aquilaria trees into Malaysia – home to Southeast Asia’s biggest agarwood processing factory and distillery, established by the company itself. The project, carried out by Asia Plantation Capital’s Thailand research and development team, under the guidance of its Scientific Advisory Board, commenced in March 2015, and is aimed at replicating the successful processes that produce sustainable agarwood across all the company’s plantations in Thailand and Sri Lanka.

One of the many Asia Plantation Capital owned Aquilaria tree plantations in Malaysia.
One of the many Asia Plantation Capital owned Aquilaria tree plantations in Malaysia.


Asia Plantation Capital’s staff using organic technology to inoculate the highly endangered Aquilaria trees in Malaysia.
Asia Plantation Capital’s staff using organic technology to inoculate the highly endangered Aquilaria trees in Malaysia.

The research and development team has achieved significant results on mature plantations in Malaysia (in Johor, and close to Kuala Lumpur) consisting of owned plantations and joint ventures. After the first inoculation of Aquilaria trees (species: Malaccensis, Senensis, Subintegra) proved successful, the second tranche was treated in November and December 2015. It is important to note that species, climatic conditions, soil, elevation and water availability are all critical to the success of the inoculation process. All these factors work in tandem with the company’s scientifically developed and proven proprietary systems.

Known as the ‘Wood of the Gods’, agarwood is derived from the highly endangered Aquilaria tree, which produces a dense, rich and dark resinous heartwood in a natural response to infection. Using patented technology, Asia Plantation Capital inoculates the trees to instigate that infection, thereby guaranteeing that all the trees produce the resin. The heartwood is then extracted and processed into woodchips, ground into powder, or distilled to produce the highly valued Oud oil.

It is estimated that only 7% (or less) of wild Aquilaria trees produce agarwood naturally. This has resulted in the relative rarity and the attendant high cost of agarwood, as resources in the wild are depleted. This has led to the critical need to grow the Aquilaria tree and produce agarwood sustainably and ethically, with estimates also suggesting that as much as two-thirds of the market may still be from illegal sources.

“This is a significant milestone for us in Malaysia and for the company as a whole,” said Steve Watts, Asia Plantation Capital’s CEO, Asia Pacific. “Rest assured, however, we will not be stopping here. Our promise is to actively research and improve our systems, to set higher standards and establish the benchmarks that need to be met. We are already setting targets to maximise the infection in more areas of the tree, including branches and roots, as opposed to just the trunk.”

He continued, “With a steady, sustainable supply of agarwood, fewer trees will fall into the hands of illegal loggers, and that will result in a reduction in demand on black markets. As part of our commitment to holistic sustainability – we make considerable investments in the communities in and around which we operate – we will also share the technology with smaller growers and farmers across Asia. This helps them in the cultivation and end processing of agarwood, thereby providing them with income. It is very important for us, as a company, to know that everything we do impacts the environment, and society, in a positive way. Not just now, but for generations to come.”

To cater to the growing demands for agarwood, Asia Plantation Capital opened a purpose-built agarwood factory and research centre in Johor Bahru, Malaysia, early this year. It is a state of the art facility that incorporates an Oud oil distillery, a woodchip processing centre, and a fragrance stick factory. Also situated within the complex is a visitor centre, along with a wholesale factory shop stocked with the ever-growing range of agarwood products produced by the company. This is one of a planned program of opening large scale processing facilities strategically located across Southeast Asia and the Middle East to cater to the demands and products for specific end markets such asChina and the Middle East.

A pioneer in the industry, Asia Plantation Capital has been cultivating agarwood since 2009, and is known to be the market leader in terms of scientific knowledge and the techniques required to stimulate the resinous heartwood by inoculation. In nature, infected trees typically produce resin after 20 years or more. In the setting of an Asia Plantation Capital managed plantation, however, agarwood is produced in as little as seven years. In Asia Plantation Capital’s husbandry programme, agarwood resin (Oud) is produced between years 7 and 15, and is utilised for a wide variety of end products.

Asia Plantation Capital’s research and development team consists of globally recognised experts in the Aquilaria tree species, as well as in agarwood production and techniques in Oud distillation. The team also collaborates with leading universities across Asia, ensuring that they are able to consistently produce the optimum quality and quantity of agarwood/Oud.

Notes for Editors:
For further information, please contact:-

Samantha Tham
Marketing Executive, Singapore
Mobile: +65 914 409 33

Steven Watts
CEO, Asia Pacific
Office: +60 720 706 76

About Asia Plantation Capital

As pioneers in the agarwood industry, Asia Plantation Capital has been leading the way in sustainable plantation management since it was officially established in 2009 (although it had been operating privately since 2002). The company is now investing heavily in the Malaysian plantation sector, developing new plantations and factories for the production of agarwood (gaharu) and other associated products for international export markets.

The Asia Plantation Capital Group is a multi-award-winning sustainable plantation operator and management company, with projects across Asia, Europe, America and Africa. Its Scientific Advisory Board is comprised of leading academics and experts from various countries (China, Thailand, Malaysia, India, Switzerland and the United Arab Emirates), who have, between them, developed and patented industry-leading technologies and systems.

With a focus on commercial plantation projects and vertically integrated businesses around the world that offer a combination of commercial, environmental and community benefits, Asia Plantation Capital has created a successful and dynamic ‘triple bottom line’ company, and has proven that vertical integration can produce a workable and successful business model.

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Source: Asia Plantation Capital

Written by asiafreshnews

December 14, 2015 at 3:05 pm

Posted in Uncategorized