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Archive for January 6th, 2016

Kalbe Farma and Kimia Farma to Open Raw Materials Plants in Indonesia

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JAKARTA, Indonesia /PRNewswire/ — Vidjongtius, director of Indonesia’slargest pharmaceutical company, Kalbe Farma, stated that raw material import is a big challenge for the local pharmacy industry. As a response, he declared, Kalbe Farma is currently constructing a biopharmacy raw material manufacturing plant in Cikarang, West Java, scheduled to commercially commence operations in late 2017 or 2018.

Kimia Farma
Kimia Farma

State-controlled pharmaceutical company Kimia Farma also announced recently that it would start constructing a Rp 100 billion raw materials plant in Cikarang, West Java, in 2016.

Meanwhile, in a bid to encourage the industry, the Investment Coordinating Board (BKPM) gauged a plan to allow foreign investors to hold more shares in pharmacy companies, from currently a maximum of 85 percent, to 100 percent.

Indonesia is indeed poised to become a production base for overseas and local manufacturers of medicines, including toll manufacturing.

Tailored to suit this fast changing industry, the 5th edition of CPhI South East Asia taking place during 6-8 April 2016 in Jakarta provides the must-attend trade exhibition where the regional pharma industry meets to leverage connections, knowledge and insight to spur business.

Sign up now to attend!

In December last year, Coordinating Economic Minister Darmin Nasution declared that the government was “not smart” if it did not support the growth of the pharmacy industry.

However, Maybank analyst Janni Asman commented that the removal of industry protection is likely to tighten the competition and lead to capped pricing power of local producers, “Most listed local pharmaceuticals are relatively less efficient than major generic producers in India and China,” Janni wrote in her research.

The CPhI series of events drives growth and innovation in the global pharmaceutical industry, with leading exhibitions and online communities covering every step of the supply chain from drug discovery to finished dosage.

More than 100,000 visitors meet over 6,000 exhibitors at events in Europe, China, India, Japan, South East Asia,Russia, Brazil, Istanbul and South Korea every year to exchange ideas, form alliances and conduct business on an international scale. CPhI also provides an online buyer & supplier directory at

Contact Person: Ivan Ferrari
Phone Number: +62-21-2930-5959 ext 138

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Source: CPhI – UBM
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Written by asiafreshnews

January 6, 2016 at 4:50 pm

Posted in Uncategorized

6 Start-up Semi-finalists across Asia Grab Last Spots to Compete for USD$10K at Fintech Finals in Hong Kong

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-24 start-ups in total, will pitch in front of a live audience and expert judges at FF16 on Jan 26

HONG KONG /PRNewswire/ — Semi-finals held in six Asian cities; Bangalore, Mumbai, Singapore,Seoul, Sydney and Kuala Lumpur, have determined the final six teams to compete in the Hong Kong FF16 on 26th January. The semi-finalists were selected from 60 shortlisted teams invited to pitch their business models before live audiences and judges to see who would get the coveted opportunity to go on to Hong Kong for the opportunity to win the Fintech Finals 2016.  24 start-ups from across APAC are now vying to be ‘Best in Show’, but only one lucky winner will receive USD$10K, as well as a range of partnership offerings.

The regional semi-finalist winners are:

  • InvoiceInterchange (Singapore) provides an alternative to traditional financing for SME’s, and gives them flexibility in managing cash flows.
  • Shereit (Mumbai) is an app for social trading.
  • vLendRight (Bangalore) is a platform for banks to deliver an end-to-end auto purchase platform for its customers in collaboration with partner dealers.
  • Macrovue (Sydney) is an online platform that assists people in investing in global themes of their choosing.
  • Finotek (Seoul) is a platform providing identity verification for internet banking as well as cloud-based mortgage processing.
  • Currenseek (Kuala Lumpur) is an app that allows the user to find the best rates nearby to exchange their money.

CurrenSeek co-founder, Hakim Karim said about being chosen to compete in the FF16, “It’s exciting and somewhat unexpected, to be honest, to be selected. It’s an honour and we hope we can do Malaysia proud.”

The 24 teams are consist of the six winning regional semi-finalists. Six teams will join from regional incubators and accelerators. Startupbootcamp Fintech, Accenture Fintech Innovation Lab, Innotribe, BBVA Open Talent, Nest and Visa are each sponsoring a start-up competitor.  Out of the hundreds of fintech start-up applicants to apply through the Fintech Finals 2016 website, only the top 12, vetted by 50 fintech experts, are part of the final 24 to demo live at FF16.

In addition to the final competition, the two-day schedule of FF16, part of the StartmeupHK Festival, will bring together a host of global fintech luminaries to speak and moderate panel discussions. The Keynote address on the 25th will be Chris Skinner, Chairman of Financial Services Club, and other speakers include:

  • Lara Gilman, Mobile Money Market Engagement Director, GSMA
  • Gustavo Vinacua, Director, BBVA Innovation Center
  • Ericson Chan, CIO, T&O, SCB HK & Greater China
  • Matt Dill, SVP, Innovation & Strategic Partnerships, Visa
  • Matteo Rizzi, Advisor, Omidyar Network
  • David Lynch, Managing Director, DBS Bank
  • Casey Lau, Co-Founder, StartupsHK
  • Melissa Guzy, Co-Founder, Arbor Ventures
  • Markus Gnirck, Cofounder & COO, Startupbootcamp Fintech
  • Simon Squibb, Founder and CEO, Nest
  • Christine Duhaime, Co-Founder, Digital Finance Inst.
  • John Owens, Chief of Party, USAID
  • Sushmita Munshi, AVP Dist. & Strategy, Manulife
  • Jeff Blais, Head of CX & Innovation, AIG Japan

The FF16 is being co-organised by Next Bank and FinTech Hong Kong with support by Visa for the competition and Startup Village.  Next Bank founder, Rob Findlay, comments, “The Fintech Finals are going to be the fintech event of this year in Asia, and perhaps beyond.  Between the amazing line-up of global speakers, the incredible burgeoning talent within each of these start-ups, and the support and enthusiasm from all the sponsors such as Visa, FF16 is sure to be a fantastic event not to be missed.”

Matt Dill, Senior Vice President, Innovation & Strategic Partnerships, Visa said, “It is great to be able to shine a light on interesting Fintech activity in the region and develop a support network for Asia-based entrepreneurs. Visa’s strategic partner programs and venture activities help companies at different stages of growth connect with thousands of banks and millions of customers worldwide.”

In addition to the FF16, Next Bank and Visa will continue their work together throughout Asia to support city chapters to promote discussion, innovation and entrepreneurship in the finance industry.  To find out more about theFintech Finals 2016 and purchase tickets go to

About Next Bank

Next Bank, founded by Rob Findlay, is a global fintech community that fosters the reinvention of finance through design, innovation and entrepreneurship. Next Bank brings together peers from across disciplines including start-ups, banking, technology and design. Through meet-ups and events, hosting speakers and panellists, Next Bankers come together to discuss, learn and discover new ways to transform the finance industry for the better. Originating in Singapore, Next Bank has grown over the past 4 years into a global brand represented by city chapters of like-minded people all over the world and continues to expand. Learn more at To learn more about the Fintech Finals 2016 go to

About Visa

Visa is a global payments technology company that connects consumers, businesses, financial institutions and governments in more than 200 countries and territories to fast, secure and reliable electronic payments. We operate one of the world’s most advanced processing networks VisaNet  that is capable of handling more than 65,000 transaction messages a second, with fraud protection for consumers and assured payment for merchants. Visa is not a bank and does not issue cards, extend credit or set rates and fees for consumers. Visa’s innovations, however, enable its financial institution customers to offer consumers more choices: pay now with debit, ahead of time with prepaid or later with credit products.

About StartmeupHK Festival

The first-of-its-kind StartmeupHK Festival will be held on 23-30 January 2016 to provide overseas and local participants a unique experience for delving into the future of entrepreneurship and disruptive innovation. The week will feature keynote talks, interactive how-to sessions, and powerful lessons from seasoned founders and investors.

The exciting week-long programme will feature four industry verticals where Hong Kong has a distinct advantage, namely Consumer Internet of Things (IoT), Fintech, HealthTech, Data Analytics and E-commerce.

Sign up at for more details.

Source: Next Bank

Written by asiafreshnews

January 6, 2016 at 4:48 pm

Posted in Uncategorized

MakerBot Announces Smart Extruder+

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-Designed and Tested to Provide Better Performance over a Longer Period of Time

HONG KONG /PRNewswire/ — Stratasys Asia Pacific, a subsidiary of Stratasys Ltd. (NASDAQ: SSYS), the 3D printing and additive manufacturing solutions company, today announced the MakerBot Smart Extruder+, a new swappable extruder for Fifth Generation MakerBot 3D Printers that is designed and tested for better print performance over a longer period of time. With improved components and an enhanced sensor system, the Smart Extruder+ is designed to provide a streamlined and reliable printing process from start to finish. MakerBot worked closely with its parent company, Stratasys, to put the Smart Extruder+ through extensive product testing and help verify its performance by two independent teams.


“The advances we made with the MakerBot Smart Extruder+ are a big step forward and set a new benchmark in 3D printing,” said Jonathan Jaglom, CEO of MakerBot. “The extruder is the most critical part of a 3D printer and it is a part that wears out after a certain period of time and needs to be replaced. We engineered and tested the Smart Extruder+ to enhance its reliability, provide better performance, and extend its lifetime. And we stand behind it by doubling our warranty to six months. Because it is swappable, the Smart Extruder+ can also reduce downtime when it’s time to replace it.”

MakerBot collaborated closely with its parent company Stratasys on the development and testing of the Smart Extruder+, benefitting from Stratasys’ 25 years of industry experience. MakerBot’s product testing initiative spanned over 160,000 cumulative hours — or 18 years — of print time. A total of 5,800 prints were completed by two groups — one at MakerBot and one at Stratasys — to help ensure independent verification of the results. In these tests, the Smart Extruder+ performed consistently and reliably for over 700 hours on a MakerBot Replicator Desktop 3D Printer, which equals 1.44 miles of MakerBot PLA Filament. In fact, over 90 percent of test units were still printing successfully at 1,200+ hours of print time. Generally, the rate of wear on extruders has many variables and is dependent on how it is used and the settings it’s configured for over time. MakerBot backs up its commitment to quality by doubling the warranty of the Smart Extruder+ to six months with no limit to the amount of MakerBot PLA put through the extruder, so customers can print with confidence.

The Smart Extruder+ features improved key components to ensure longer-lasting reliability, such as an improved thermal management system and an extended PTFE tube to feed the filament into the nozzle. Additional improvements include faster print start up and refined build plate leveling, the process of calibrating a 3D printer. The smart sensors within the extruder have been enhanced for better performance and to streamline the printing process from start to completion — which can save time and money. The Smart Extruder+ sensor system communicates with MakerBot Desktop and MakerBot Mobile to keep users informed about the status of a print wherever they go. For example, the filament detection sensor notifies users – on their computer or mobile phone – when filament is absent and automatically pauses a print to enable print recovery.

The streamlined printing process of the Smart Extruder+ can be especially beneficial in the classroom. “The reliability and ease of use is huge for us; it provides more students access to our MakerBot Desktop 3D Printer,” said Nicholas Provenzano, a teacher at Grosse Pointe Public Schools in Michigan, who has been using the MakerBot Smart Extruder+ for several weeks. “Our students print all day in our library and I can’t always be there to assist them. The MakerBot 3D Ecosystem, and especially the Smart Extruder+, makes it easy for our students to turn their ideas into physical objects. It lets them focus on the design process, which is most beneficial for their education.”

The Smart Extruder+ is expected to be available for shipment to end users starting January 18, 2016. Visit the MakerBot website ( for more information.

The MakerBot Smart Extruder+ is the latest addition to MakerBot’s comprehensive 3D ecosystem that makes 3D printing more accessible. The MakerBot 3D Ecosystem includes MakerBot 3D printers and a 3D scanner;, the world’s largest 3D printing design community; as well as software like MakerBot Desktop and apps like MakerBot Mobile and MakerBot PrintShop. With MakerBot 3D Printers in more than 5,000 schools throughout the U.S., the MakerBot 3D Ecosystem also provides a range of resources which can be found on theMakerBot Education Resource Center. MakerBot in the Classroom, for example, is a handbook with a wide variety of ideas, activities and projects to get started with 3D printing.

For more than 25 years, Stratasys Ltd. (NASDAQ:SSYS) has been a defining force and dominant player in 3D printing and additive manufacturing — shaping the way things are made. Headquartered in Minneapolis, Minnesotaand Rehovot, Israel, the company empowers customers across a broad range of vertical markets by enabling new paradigms for design and manufacturing. The company’s solutions provide customers with unmatched design freedom and manufacturing flexibility – reducing time-to-market and lowering development costs, while improving designs and communications. Stratasys subsidiaries include MakerBot and Solidscape and the Stratasys ecosystem includes 3D printers producing prototypes and parts; a wide range of 3D printing materials; parts on-demand via Stratasys Direct Manufacturing; strategic consulting and professional services; and Thingiverse/GrabCAD communities with 5+ million free design components, printable files. With 3,000 employees and 800 granted or pending additive manufacturing patents, Stratasys has received more than 30 technology and leadership awards. Visit us online at: or

MakerBot, a subsidiary of Stratasys Ltd. (Nasdaq: SSYS), is leading the Next Industrial Revolution by setting the standards in reliable and affordable desktop 3D printing. Founded in 2009, MakerBot sells desktop 3D printers to innovative and industry-leading customers worldwide, including engineers, architects, designers, educators, and consumers. MakerBot has one of the largest installed bases and market shares in the desktop 3D printing industry, with more than 90,000 MakerBot Replicator 3D Printers in the world. The robust MakerBot 3D Ecosystem makes 3D printing easy and accessible for everyone. To learn more about MakerBot, visit

Note Regarding Forward-Looking Statements

The statements in this press release relating to Stratasys’ beliefs regarding the benefits customers will experience from the MakerBot Smart Extruder+ and Stratasys’ expectation on the timing of shipping the MakerBot Smart Extruder+, are forward-looking statements reflecting management’s current expectations and beliefs. These forward-looking statements are based on current information that is, by its nature, subject to rapid and even abrupt change. Due to risks and uncertainties associated with Stratasys’ business, actual results could differ materially from those projected or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to: the risk that consumers will not realize or otherwise achieve benefits from the MakerBot Smart Extruder+; the risk that technical or other difficulties will delay the shipping of the MakerBot Smart Extruder+ or preclude the potential benefits described in this release; and other risk factors set forth under the caption “Risk Factors” in Stratasys’ most recent Annual Report on Form 20-F, filed with the Securities and Exchange Commission (SEC) onMarch 3, 2015. Stratasys is under no obligation (and expressly disclaims any obligation) to update or alter its forward-looking statements, whether as a result of new information, future events or otherwise, except as otherwise required by the rules and regulations of the SEC.

For media enquiries, please contact us at

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Source: Stratasys AP

Related stocks: NASDAQ-NMS:SSYS

Written by asiafreshnews

January 6, 2016 at 4:40 pm

Posted in Uncategorized