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Archive for January 13th, 2016

ASX-Listed Holista and Swiss Bakery Ingredients Specialist Veripan Announce Breakthrough Formulae to Produce Clean-Label White Bread With Lowest Glycemic Index (GI)

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PERTH, Australia, KUALA LUMPUR, Malaysia and ZURICH /PRNewswire/ — Australian-listedHolista CollTech Limited (ASX: HCT) announced today a global scientific breakthrough, validated by a leading University in Sydney, a blend of natural ingredients that significantly reduces the high blood sugar caused by consuming white bread and other bakery products.

The University conducted the final clinical study in December 2015 together with biotechnology firm Holista andSwitzerland-based Veripan AG, Europe’s largest independent supplier of specialty baking ingredients.

The study confirms that white bread blended with Holista’s proprietary GI Lite formula — made from extracts of okra (ladies’ fingers), dhal (lentils), barley and fenugreek — and Veripan’s natural sourdough PANATURA® recorded a Glycemic Index (GI) reading of 53, the lowest level achieved worldwide by any clean-label white bread.

Holista and Veripan will jointly distribute PANATURA® GI, enabling clients to launch the world’s first clean-label low-GI white bread or “diabetic bread”. The two companies will target Australia first, followed by Europe, North America, China, India and the rest of Asia. The global white bread market is worth US$170 billion.

PANATURA® GI will only increase production costs marginally and comprise approximately 5-7% of the final formulation.

According to public health experts, rising consumption of white flour-based products is leading to a “metabolic syndrome” epidemic, characterised by obesity, diabetes and heart disease.

GI is an indicator of different carbohydrate-containing foods’ ability to raise blood glucose. GI values are measured using methods such as clinical trials, which are only provided by select nutrition researchers worldwide.

Dato’ Dr. Rajen Marnicka, Chairman and CEO of Holista, said: “This is a major breakthrough at a time of growing concerns surrounding high blood sugar caused by increased consumption of processed foods including bread, pizzas and noodles. Now, for the first time, consumers can make healthier choices that do not compromise on taste or quality.”

Mr. Meiert J. Grootes, Chairman of Veripan, said: “As an expert in the baking industry, I can say with conviction that this is the best thing since sliced bread. With Holista’s expertise and our business networks, we intend to make this revolutionary ingredient available to food manufacturers around the world.”

For more information:

www.holistaco.com
www.veripan.com
www.low-gi.net

Corporate Affairs & Business Opportunities

Dato Dr Rajen M: rajen.m@holistaco.com
General Enquiries: enquiries@holistaco.com
Media Enquiries: rachaeldefoe@wer1.net

Source: Holista Colltech

Related stocks: Australia:HCT

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January 13, 2016 at 3:54 pm

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Microchip Partners with Silicon Integrated Systems (SiS) on Industry’s First Combined Multi-touch and 3D-gesture Modules for Displays

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-SiS to integrate projected-capacitive touch sensors with Microchip’s award-winning GestIC® 3D gesture technology

BANGKOK /PRNewswire/ — Microchip Technology Inc., a leading provider of microcontroller, mixed-signal, analog and Flash-IP solutions, has announced its partnership with Silicon Integrated Systems Corp. (SiS) to provide customers with complete projected-capacitive touch (PCAP) and 3D-gesture interface modules, which will lead to faster development and lower costs. The modules will make it easier to design multi-touch and 3D gesture displays with Microchip’s award-winning GestIC® technology, which offers a hand tracking range of up to 20 centimeters (cm) from the display surface. Hand gestures are universal, hygienic and easy to learn. In addition, they enhance safety by reducing the need for precise hand-eye coordination.

“Microchip's GestIC technology used for multi-touch and 3D gesture display”
“Microchip’s GestIC technology used for multi-touch and 3D gesture display”

To learn more about Microchip’s GestIC technology products, visit http://www.microchip.com/GestIC-010516a.

Additionally, SiS modules with Microchip’s GestIC technology were demonstrated at Microchip’s Consumer Electronics Show (CES) Booth MP25656 in Las Vegas, from January 6-9, 2016.

Microchip developed the GestIC technology so that it can be readily combined with multi-touch PCAP controllers. It is the lowest-cost 3D gesture technology available on the market. In addition, GestIC sensors are constructed with standard materials and production methods, such as indium tin oxide (ITO), metal mesh and conductive ink on glass or foil. These new modules from SiS are the world’s first to integrate 2D PCAP and 3D gesture technologies, providing a complete display solution. SiS has 30 years of experience and expertise in PC chipset products, eMMC, eMCP, and projected-capacitive touch solutions. Through this partnership with Microchip, SiS will act as an electronic developer and also provide sensor integration. The resulting modules will allow faster time to market for a broad range of designs, such as those in the automotive and consumer industries.

“We are excited to be partnering with SiS, in order to meet the growing demand for 3D control displays in the consumer, automotive, home-automation and IoT markets,” said Dr. Roland Aubauer, director of Microchip’s Human-Machine Interface Division. “Microchip is committed to furthering the innovation in human-interface technologies, and SiS’s modules will ultimately allow our customers to integrate these two interface technologies into their applications faster. With this partnership, the next dimension of intuitive, gesture-based user interfaces is now available for a broad range of end products.”

“SiS is honored to have the opportunity to partner with a world-class company such as Microchip,” said Jonathan Shyi, president of SiS. “We are thrilled to have the ability to introduce the very first 2D/3D combination solution to the world. By partnering with Microchip, we foresee a huge increase in demand and market share for these new products. We are committed to continually introducing innovative, intuitive and creative technology to the world, and this partnership is a prime example.”

SiS modules with Microchip’s GestIC technology were demonstrated at Microchip’s Consumer Electronics Show(CES) Booth MP25656 in Las Vegas, NV January 6-9, 2016.

Resources

High-res images available through Flickr or editorial contact (feel free to publish):

Follow Microchip

About Silicon Integrated Systems Corp. (SiS)

Silicon Integrated Systems Corp., (SiS) is a worldwide leading IC design company. The company devotes efforts in cutting-edge SoC solutions to meet various applications for digital era. The products have been widely applied in touch and tablet devices, HDTV, internet TV, portable CE, personal computers and customized SoC design service. We expect to offer more user centric and greener innovation to fulfill the vision of digital life. Founded in 1987, SiS is headquartered in Taiwan and listed on Taiwan Stock Exchange under the code “2363”. For more information, visit http://www.sis.com/.

About Microchip Technology

Microchip Technology Inc. (NASDAQ: MCHP) is a leading provider of microcontroller, mixed-signal, analog and Flash-IP solutions, providing low-risk product development, lower total system cost and faster time to market for thousands of diverse customer applications worldwide. Headquartered in Chandler, Arizona, Microchip offers outstanding technical support along with dependable delivery and quality. For more information, visit the Microchip website at http://www.microchip.com/Homepage-010516a.

Note: The Microchip name and logo, and GestIC are registered trademarks of Microchip Technology Incorporated in the U.S.A. and other countries. All other trademarks mentioned herein are the property of their respective companies.

For more information, please contact:

Microchip
Daphne Yuen
+852-2943-5115
daphne.yuen@microchip.com

Photo – http://photos.prnasia.com/prnh/20160105/8521600043

Source: Microchip Technology

Related stocks: NASDAQ-NMS:MCHP

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January 13, 2016 at 3:35 pm

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Indonesian Pharma to Lobby for Foreign Direct Investments Incentives

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JAKARTA, Indonesia, Jan. 12, 2016 /PRNewswire/ — Representatives of the Indonesian Pharma Industry declared that the government must offer incentives and widen the door to foreign direct investment in the country’s pharmaceutical industry to reduce dependence on imported raw material for medicine.

Foreign investments
Foreign investments

 

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.

The Indonesian Pharmaceutical Association (GP Farmasi) business development committee head Vincent Harijanto acknowledged that most raw material are imported to produce medicine. At the same time he is optimistic that the country can become a production base for such overseas manufacturers given its large market, 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!

Indonesian Health Ministry data show that the number of pharmacy companies stood at 239 last year, up from206 in 2013. GP Farmasi projected investment in the pharmacy sector to reach Rp 215 trillion (US$15.34 billion) by 2025. The sector itself had potentials worth up to Rp 700 trillion, which consisted of Rp 450 trillion for the domestic market and Rp 250 trillion in exports, by 2025.

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 Korea every year to exchange ideas, form alliances and conduct business on an international scale. CPhI also provides an online buyer & supplier directory at CPhI-Online.com.

Contact Person: Ivan Ferrari
Phone Number: +62 21 2930 5959 ext 138
Email: Ivan.Ferrari@ubm.com

Photo – http://photos.prnasia.com/prnh/20151230/8521508828
Logo – http://photos.prnasia.com/prnh/20150730/8521504987LOGO

Source: CPhI – UBM

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January 13, 2016 at 3:29 pm

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Regional Coalition Calls on Governments in Asia to Support Collaborative Efforts to Combat Growing Dengue Threat

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— Nearly 75% of the global population at risk of dengue[1]
— Globally, Asia has highest dengue burden with estimated 67 million sufferers each year
— Philippines is first in Asia to approve game changing dengue vaccine

SINGAPORE /PRNewswire/ — On the heels of Asia’s first dengue vaccine approval in the Philippines, the inaugural Asian Dengue Summit opening in Bangkok on January 13 is making a rallying call to governments and health authorities in Asia to collaborate and integrate regional efforts to wage war on dengue and to ‘open a new chapter’ in dengue prevention and control[2].

Making this collective call is the Asian Dengue Vaccination Advocacy (ADVA), a scientific working group that is staging the two-day Summit in partnership with the Dengue Vaccine Initiative (DVI), the Southeast Asian Ministers of Education Organisation Tropical Medicine and Public Health Network (SEAMEO TROPMED) and the Fondation Merieux (FMx).

The ADVA coalition will leverage its knowledge and expertise to help governments in the region curb the growing dengue burden. Leading regional clinicians, researchers, public health leaders, government officials and policymakers will attend the Summit to share and exchange their scientific findings and dengue prevention and treatment experiences from their countries. Among those to speak at the Summit and supporting the call for regional governments in Asia to integrate their anti-dengue efforts to curb the spread of the disease, is Professor Duane Gubler, Professor at the Duke-National University Singapore Graduate Medical School Singapore, a world renowned expert in dengue.

Rising number of dengue cases worldwide

In the last 50 years, dengue has become endemic in 128 countries, where about 4 billion people live[3], [4]. This marks a 30-fold increase in dengue incidence[3], [4]. Not surprisingly, dengue is feared as one of the most severe mosquito-borne viral diseases in the world.

Over 740 people are infected by dengue per minute, globally[5].

Asia has the highest dengue burden globally with an estimated 67 million people contracting the disease each year.

Endemic countries in Asia have spent nearly US $6.5 billion annually in both direct medical and indirect costs due to dengue[6].

Economic burden cost

The economic burden of dengue in Singapore alone from 2000 to 2009 is estimated each year to range betweenUS$0.85 billion and US$1.15 billion, of which 41 per cent to 58 per cent is direct medical, direct non-medical and indirect costs, such as loss in work productivity and reduction of household services. The remainder is the cost of vector control efforts[7].

First of its kind dengue vaccine

With the availability of the world’s first dengue vaccine, countries in Asia will soon have an effective tool to combat the virus. So far, three countries in the world, Mexico, Philippines and Brazil, have approved the dengue vaccine for individuals aged 9 to 45 years.

Professor Usa Thisyakorn, Professor of Pediatrics at Chulalongkorn University and Chairman of ADVA,described the staging of the Summit in Bangkok as both ‘timely and urgent’, and said that the availability of the first dengue vaccine in Asia,  newly approved by the Philippines regulators, is a historic milestone in the war on dengue.

The Summit will explore how to harmonise regional integrated efforts and enable coordinated action as many countries in the region are facing spikes in dengue outbreaks; just this month, Singapore reported a surge in dengue reported cases. The National Environment Agency reported a total of 455 dengue cases in the week ending January 2 2016, an increase of 86 more cases than the week before. This is the highest number of cases recorded in a week in 2015[8].

Integrated regional approach needed

“The Summit will look at holistic and integrated regional approaches to fight dengue. As more countries approve the use of the vaccine, information sharing and capacity building will play a critical role in the development of their vaccine implementation strategies. While much work lies ahead, we are closer to writing a new chapter in dengue prevention and control,” said Prof Thisyakorn.

“For the successful implementation of the dengue vaccination programme, we need regional concerted efforts to ensure that collaborative policies around the region are set in place. By bringing together key stakeholders, ADVA hopes to jointly formulate a strategy to enable better control and management of dengue across the region,” Prof Thisyakorn added.

Increasing international travel contributing to dengue migration

Prof Gubler attributes rapid migration to urban cities, climate change and increasing international travel to the alarming rise of dengue migration.

Most dengue virus infections in travelers are acquired in Asia, followed by the Americas, and only a small proportion from Africa.

Prof Gubler explained that because there are four different but closely related serotypes of the dengue virus (DEN-1, DEN-2, DEN-3 and DEN-4), recovery from one serotype infection does not provide lifelong immunity against the remaining three. In subsequent infections by other serotypes, the patient faces the increased risk of developing severe dengue (also known as Dengue Haemorrhagic Fever).

Advocating the need for regional collaboration, Prof Gubler said, “The ability of the virus to travel makes it critical that we adopt an integrated model to prevent the introduction of the dengue virus into new areas, or the introduction of new strains into already endemic settings. This means every country needs to successfully contain the spread of dengue as it can have a ripple effect across the region”.

“Effective prevention and disease management will require the integration of both vaccine and mosquito control measures. Vaccination has proven to be integral in the management of vector-borne diseases, and we will see this in the case of dengue. The arrival in Asia of the first dengue vaccine will be a game changer in dengue prevention,” Prof Gubler added.

Dr Raman Velayudhan, World Health Organisation (WHO) Director at the Department of Vector Ecology and Neglected Tropical Diseases, a keynote speaker at the Summit said, “A complex disease like dengue requires an inclusive approach that looks beyond just the health sector. By reorienting health services to identify early cases, implementing appropriate management of severe cases and training health personnel together with coordinated surveillance, we can be one step closer to reducing dengue mortality by 50% and morbidity by 25% by 2020 in endemic countries[9]. We have also seen that effective communication can achieve behavioural outcomes and add to prevention programmes.”

The two-day Summit will cover a broad and comprehensive overview of the current endemic and its cross-border management. It will address the necessary measures and governmental policies needed to implement a dengue vaccination programme and seek solutions to the practical issues for dengue programmes.

Other than the Philippines, licensing approval for the dengue vaccine is expected in more countries across the region.

About Asian Dengue Vaccine Advocacy (ADVA):

The Asian Dengue Vaccine Advocacy (ADVA) Group is a scientific working group dedicated to dengue vaccine advocacy in Asia, with the aim of disseminating information and making recommendations on dengue vaccine introduction strategies in Asia.

ADVA was set up in 2011 to identify opportunities and make practical recommendations for improving surveillance and laboratory capacity for dengue disease confirmation. It is supported by an unrestricted educational grant from Sanofi Pasteur since inception.

Media Contact for ADVA:

Shruti Bose, +65-6825-8018
SBose@webershandwick.com

Clarinda Ng, +65-6825-8042
CNg2@webershandwick.com

Sources:

[1] 

Asian Dengue Vaccination Advocacy; http://adva.asia/about-us

[2]

Asia Dengue Summit; http://adva.asia/ads/about.html

[3]

Ibid.

[4]

World Health Organisation; Impact of Dengue; http://www.who.int/csr/disease/dengue/impact/en/

[5]

Nature. 2013 Apr 25;496(7446):504-7  

[6]

Shepard DS, Halasa YA, Undurraga EA, Stanaway J. Global economic cost of dengue illness. Poster presented at: American Society of Tropical Medicine and Hygiene Annual Meeting; Oct. 25-29, 2015, Philadelphia, PA, Poster 781 

[7]

The Straits Times, Act against dengue now with tools that exist;http://www.straitstimes.com/singapore/environment/act-against-dengue-now-with-tools-that-exist

[8]

The Straits Times, Sharp rise in dengue cases last week; http://www.straitstimes.com/singapore/health/sharp-rise-in-dengue-cases-last-week

[9]

World Health Organisation; Dengue and severe dengue; http://www.who.int/mediacentre/factsheets/fs117/en/

Source: Asian Dengue Vaccination Advocacy (ADVA)
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January 13, 2016 at 3:29 pm

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AT Internet Enriches Its Digital Analytics Solution with New Applications Designed for Business Use

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SINGAPORE /PRNewswire/ — AT Internet, major player in the field of digital intelligence since 1996, unveils the newest applications in its software suite dedicated to advanced performance analytics for websites and mobile applications. With these new features, the French leader clearly responds to the challenges facing today’s media groups, retailers, financial establishments, and governmental and corporate groups looking to quickly extract maximum results from their analytics data.

Transforming raw data into concrete action

AT Internet’s Analytics Suite solution enables companies to rapidly benefit from their digital data using a single analytics platform. The company’s objective is to help its customers shorten, as much as possible, the time between raw data collection and taking concrete, data-driven actions as a result. From collecting and analysing data to visualising and sharing it, AT Internet’s suite of integrated applications gives each user the decision-making information he or she needs, whether that person is a digital analytics expert or a business user.

4 major axes of innovation  

AT Internet concentrates its R&D efforts on developing its suite of applications around 4 pillars that anchor its offering:

  • Agile measurement and tagging: A major challenge for companies today is connecting data to decisions as quickly as possible, all while preserving high quality and reliability. With SmartTag, AT Internet offers a new version of its tag that’s faster and more powerful when it comes to tagging sites and mobile apps and collecting data. SmartTag combines an easy user experience (intuitive setup, customised measurements, full documentation for developers) with an extremely powerful tag. With SmartTag, implementing an analytics solution has never been so simple.
  • A holistic view of the visitor journey and interactions: With mobile and app analytics, AT Internet helps its clients understand the customer journey across all digital channels. The challenge lies in knowing how a visitor interacts with a brand across a variety devices, but also deeply analysing precise usage and behaviours on specific devices. Thanks to new SDKs and an app analytics dashboard, AT Internet gives marketers an aggregated view of performance in terms of traffic acquisition, user engagement and retention.
  • An open analytics platform: The multiplication of tools (analytics, ad serving, testing, etc.) within a single company’s digital ecosystem tends to silo information as a result. AT Internet is dedicated to breaking down silos by facilitating the flow of data within companies. Thanks to its open platform, the French company offers 3rd-party data import and export features thanks to partnerships in key digital marketing domains: TV tracking,audience analytics, and testing & customisation. AT Internet is also tackling massive-volume data exchanges with a new API (Data Flow) to feed complementary systems like data warehouses or business intelligence platforms.
  • Data democratisation: AT Internet’s tools enable the right information to be shared with the right person in the right format. Following in the footsteps of the Dashboards application, designed to enable simplified, collaborative performance management via a highly customisable tool, AT Internet unveils its Reportsapplication. With this reporting tool, users no longer need to dig through masses of data to find what they need for accelerated decision-making. They can access simple, pre-built, jargon-free reports designed to address their needs, no matter their industry, job role or level of digital analytics maturity.

Mathieu Llorens, AT Internet CEO, says: “Even if access to data has become widespread, efficiently using and sharing it within companies often remains complex. We’ve clearly set out to remove these hurdles by helping companies create immediate value through analytics.”

A repackaged offering and a new website

On the communication front, AT Internet has developed a new website with a visual identity reflecting its philosophy of efficiency, simplification and accessibility for everyone. AT Internet’s services and expertise in the e-commerce, media and finance industries are clearly presented. The company also makes available a wide range of resources and content (white papers, customer case studies, webinars, videos…) to help visitors hone their digital analytics strategy.

About AT Internet

One of the world’s major players in digital intelligence since 1996, AT Internet helps companies measure their audience and optimise their digital performance across all channels. AT Internet’s expertise extends from collecting raw data to treating it in real time and delivering it for analysis and the sharing of insights. Applications in AT Internet’s Analytics Suite provide reliable, contextualised and actionable information. Scalable and completely modular, AT Internet’s offering adapts to businesses in all industries: e-commerce, media, finance/banking, corporate institutions. Easy-to-use and accessible to all individuals within a company, these solutions help address the challenges facing both novices and experts in digital analytics and data mining. The power of AT Internet’sAnalytics Suite and the quality of its services (consulting, training and support) are recognised worldwide. AT Internet counts more than 3,800 customers around the globe, in all industries. With more than 200 employees, the group is present in 32 countries via its customers, subsidiaries and partners.

Learn more: www.atinternet.com

Source: AT Internet

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January 13, 2016 at 3:28 pm

Posted in Uncategorized

Singapore’s ARIM Technologies Announces Partnership with Intech Indonesia

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-Joint press conference to announce this Managed Security Services Provider (MSSP) partnership to be held January 12, 2016.

SINGAPORE /PRNewswire/ — With the proliferation of the Internet comes the threat of data breaches by cyber attackers. Not only are governments at risk, but also businesses of all sizes. Two major firms in the fields of cyber-security and enterprise infrastructure and applications are about to make a partnership announcement at an upcoming press conference in Jakarta, Indonesia at the Le Meridien Hotel on January 12, 2016.

Security breaches have become all too common, compromising some of the largest corporations in the world despite controls in place. Intech’s vast experience in the software and infrastructure consulting business combined with ARIM’s cyber expertise makes a holistic MSSP partnership. This strategic partnership will not only bring sorely needed cyber security expertise to a market with one of the highest rate of cyber attacks, but also introduce global innovations to deal with the evolving cyber threats landscape. Clients will be able to focus on their core business while leaving the management of their cyber security controls and programs to the professionals.

“We realised that the cyber threat issues in Indonesia can be detrimental to the local enterprises’ growth plans,” says Ivan Goh, CEO and Co-Founder of ARIM Technologies. “But we have also seen for ourselves the lucrative potential on offer in the country. Our goals are to bring much needed cyber expertise to the Indonesian market, and to introduce innovative technologies to deal with the evolving cyber threats landscape. Partnering with Intech Indonesia provides the perfect platform to achieve these goals, allowing local enterprises to focus on their growth plans without worrying about the detrimental consequences of cyber attacks.”

Intech’s Managing Director, Mei Sen, says, “The company is excited to be working with ARIM. With the growing and evolving cyber threats landscape, there’s a definite need for cyber expertise in Indonesia. We believe that ARIM has the expertise and the right technologies to help Indonesian enterprises.  Combining our local knowledge and experience in the software markets with ARIM’s cyber expertise will allow us the opportunity to make a difference to the safety of the online economy across Indonesia.

ARIM Technologies specialises in launching innovative start-ups onto the Asian market. Combining their expert knowledge of the Asian Pacific region with a deep understanding of technological products and solutions, the result is an ability to market businesses in some of the most challenging climates in the world.

Since forming in 2000, Intech Indonesia has established itself as a leading Enterprise IT Solutions and Services Provider, partnering with customer organisations to help plan, build, manage and support their infrastructure, security and application requirements.

Contact: 

ARIM Technologies
Yuree Hong, Marketing and Communications Manager of ARIM Technologies
Ph: +6567146791
Email: enquiry@arim-tech.com
Address:
31 Harrison Road, #06-01 Singapore 369649
http://www.arim-tech.com

Logo – http://photos.prnasia.com/prnh/20160108/8521600134LOGO

Source: ARIM Technologies
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January 13, 2016 at 3:26 pm

Posted in Uncategorized

AmCham Office Grand Opening: Statement of Confidence for the Future

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SINGAPORE/PRNewswire/ — On January 11, 2016, the American Chamber of Commerce inSingapore (AmCham) inaugurated its newly expanded and renovated office in the Shaw Centre.  U.S. Ambassador Kirk Wagar, Singapore Ministry of Trade Director General for Trade and TPP Chief Negotiator Ng Bee Kim, AmCham Chairman James Andrade, and AmCham Executive Director Judith Fergin cut the ribbon with Ambassador-at-Large Chan Heng Chee and Ambassador-at-Large Tommy Koh as witnesses.

“AmCham’s office expansion symbolizes the American business community’s commitment to Singapore and the region we serve from here.  While our community is large and diverse, we all have in common a stake in the prosperity of the Singaporean and U.S. economies and the region.  We look forward to using these offices as launch pad for many more decades of cooperation and success,” said AmCham Chairman James R. Andrade.

Singapore Ministry of Trade and Industry Director-General for Trade Ng Bee Kim said, “Singapore and the United States enjoy a strong and longstanding economic relationship. The U.S.-Singapore Free Trade Agreement is the U.S. first agreement with an Asian country and a gold standard agreement. More recently, our two countries, along with ten others from the Asia Pacific region, have worked hand-in-hand to bring the Trans-Pacific Partnership (TPP) agreement to completion. This comprehensive, high standard regional trade agreement will create good jobs and new opportunities for trade and investment. The TPP marks an important milestone in the advancement of regional economic integration and paves the way for an eventual Free Trade Area of the Asia Pacific.”

U.S. Ambassador to Singapore Kirk Wagar stated, “The United States and Singapore are celebrating 50 years of diplomatic relations this year.  Our ties are strong and growing, and the TPP will strengthen them further.  The TPP is the highest-standard multilateral trade agreement in history. It will establish rules of the road to ensure that tomorrow’s global trading system is consistent with the values and interests that the United States and Singaporeshare. Congratulations and thank you once again to my Singaporean colleagues for all you do to support our economic relations. Thank you, AmCham, for your strong support for the relationship. Congratulations on the inauguration of this new space — a vote of confidence for the future.”

Singapore is the leading destination in Asia for foreign direct investment from the United States and, at overUS$179 billion, the United States is the largest foreign direct investor in Singapore. The U.S.-Singapore Free Trade Agreement that entered into force in 2004 has stimulated significant growth and diversification of trade and investment ties between the two countries. AmCham has grown to become the largest foreign business chamber in Singapore with over 5,000 members representing more than 750 member companies.

AmCham has hailed the Trans-Pacific Partnership (TPP) as a landmark agreement with the potential to revolutionize trade in the 21st century and congratulates the Singapore and United States government for their successful efforts to bring the TPP negotiations to conclusion.  AmCham Singapore anticipates that the TPP will motivate a substantial increase in trade and investment among and between partner countries.

The expanded office signals AmCham’s confidence in the future expansion of the American business community here.  This enhanced platform will enable AmCham to better support its growing membership with advocacy, insights, and connections.

AmCham thanks its office expansion partners — Armstrong, Haworth, Interface, and Kahler Slater — for their generous support.

Picture taken during the ribbon cutting ceremony

(From left to right) Singapore Ministry of Trade Director General for Trade and TPP Chief Negotiator Ng Bee Kim, AmCham Chairman James Andrade, U.S. Ambassador Kirk Wagar, and AmCham Executive Director Judith Fergin cut the ribbon with Ambassador-at-Large Chan Heng Chee (far left) and Ambassador-at-Large Tommy Koh as witnesses (far right).
(From left to right) Singapore Ministry of Trade Director General for Trade and TPP Chief Negotiator Ng Bee Kim, AmCham Chairman James Andrade, U.S. Ambassador Kirk Wagar, and AmCham Executive Director Judith Fergin cut the ribbon with Ambassador-at-Large Chan Heng Chee (far left) and Ambassador-at-Large Tommy Koh as witnesses (far right).

Background

The American Chamber of Commerce in Singapore is the leading international business association inSingapore, with over 5,000 members representing more than 750 companies.

For more information, please contact:

Thomas H. McNutt
Head of Government & Public Affairs, AmCham Singapore
tmcnutt@amcham.org.sg

1 Scotts Road, #23-03 Shaw Centre, Singapore 228208
Tel: (65) 6597 5730 | www.amcham.org.sg
Registration No. ROS 239/73 TAP

Photo – http://photos.prnasia.com/prnh/20160111/8521600167

Source: The American Chamber of Commerce in Singapore

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January 13, 2016 at 3:24 pm

Posted in Uncategorized