Asia Fresh News

Asia Fresh Stories

Archive for April 1st, 2016

NetSuite Appoints Zakir Ahmed As VP And General Manager Of Asia

leave a comment »

-Veteran Executive Joins NetSuite to Drive Company’s Strong Momentum in the Region

SAN MATEO, Calif. /PRNewswire/ — NetSuite Inc. (NYSE: N), the industry’s leading provider ofcloud-based financials / ERP and omnichannel commerce software suites, today announced that it has appointedZakir Ahmed as Vice President and General Manager, Asia. In this role, Ahmed is charged with building and leading the organization across NetSuite’s offices in Singapore, the Philippines and Hong Kong. He will be based out of NetSuite’s Singapore office.

Ahmed has more than 20 years of experience in management, customer acquisition and retention as well as sales leadership across the globe, complemented by a strong understanding of the Asian market. Prior to NetSuite, Ahmed was with TechnologyOne Corp, where he served as General Manager for a $50 million business unit. Before that he was with, Microcell, CGI and Steltor (now Oracle).

Ahmed’s proven track record with midmarket businesses in the region will be instrumental in helping NetSuite to further add to its growing list of customers, including Scoot Airlines, operating out of Singapore across Asia and Motech, an automotive service chain based in the Philippines.

“I’m excited to join NetSuite and help continue the strong growth and foster wider adoption of the cloud in Asia,” Ahmed said. “Companies in the region are now beginning to reap the rewards of cloud-based software and, as the No. 1 cloud ERP system, NetSuite has a huge lead in providing a unified suite on which to run businesses of any size and with multiple subsidiaries spanning the globe.”

Asia is a key strategic region for NetSuite in 2016 and Zakir is well suited to the role to help us extend our momentum,” said Lee Thompson SVP and GM, NetSuite Asia Pacific and Japan. “Zakir has developed a solid understanding of the diverse needs and cultures in this market. He recognises the significant role that both cloud solutions and NetSuite partners play in meeting customer challenges and will continue to drive customer satisfaction to aid our growth strategy. Zakir is well suited to lead high performing teams to bring complete solutions to our customers across Asia.”

Today, more than 30,000 companies and subsidiaries depend on NetSuite to run complex, mission-critical business processes globally in the cloud. Since its inception in 1998, NetSuite has established itself as the leading provider of enterprise-ready cloud business management suites of enterprise resource planning (ERP), customer relationship management (CRM), and ecommerce applications for businesses of all sizes. Many FORTUNE 100 companies rely on NetSuite to accelerate innovation and business transformation. NetSuite continues its success in delivering the best cloud business management suites to businesses around the world, enabling them to lower IT costs significantly while increasing productivity, as the global adoption of the cloud accelerates.

Follow NetSuite’s Cloud blog, NetSuite’s Facebook page and @NetSuiteAPAC Twitter handle for real-time updates.

For more information about NetSuite, please visit

NOTE: NetSuite and the NetSuite logo are service marks of NetSuite Inc. Third-party trademarks mentioned are the property of their respective owners.

Logo –

Source: NetSuite Inc.
Related Links:

Written by asiafreshnews

April 1, 2016 at 4:16 pm

Posted in Uncategorized


leave a comment »


PARIS /PRNewswire/ — MAKE UP FOR EVER, the professional makeup line of innovative and artistic products created for professional stage artists, makeup artists and makeup enthusiasts, announces a worldwide artistic collaboration with global pop sensation CHARLI XCX and reveals its new AQUA XL EYE PENCIL campaign.

To view the Multimedia News Release, please click:

CHARLI XCX’s bold, artistic and energetic stage presence exemplifies the creative spirit of MAKE UP FOR EVER and the performance of the AQUA XL collection. In 2016, MAKE UP FOR EVER joins CHARLI XCX in all her performances and artistic creations, from her live tour to makeup artistry for her video clips. A virtuoso of words and sound, CHARLI XCX has written several international hit songs such including her double platinum single, “Boom Clap,” alongside co-penning music for renowned artists; Grammy nominated “Fancy” (Iggy Azalea), triple platinum selling “I Love It” (Icona Pop) and “Same Old Love” (Selena Gomez).

The AQUA line, upon which performers and their makeup artists have long relied, has become AQUA XL, taking the limits of makeup performance to new levels. MAKE UP FOR EVER is revamping one of its iconic products with a new high-performance formula: AQUA XL EYE PENCIL, the first of the AQUA XL line and specially designed for performers’ needs. AQUA XL EYE PENCIL are stage-proof and offer flawless makeup results, incredible stay-on power and high color intensity. As comfortable as it is easy to apply, the AQUA XL EYE PENCIL’s long wear waterproof formula is resistant to all stage conditions and perfect for real life-use.

I love the creative energy of MAKE UP FOR EVER. They create products that allow me to experiment and be free. When I wear makeup I can feel sexy, demure, classic, futuristic… so many different things. MAKE UP FOR EVER is vibrant, energetic and diverse. I can play with the products to suit my mood. Thats what I love the most.  Charli XCX


Founded in 1984 by renowned makeup artist Dany Sanz, the brand offers a cult-favorite collection of vivid, high-pigment colors, superior face and body foundations and expert artisan formulas to professional makeup artists and makeup enthusiasts all around the world. The brand believes that “LIFE IS A STAGE” and people are the artists of their own lives. Learn more:




Written by asiafreshnews

April 1, 2016 at 4:12 pm

Posted in Uncategorized

Indonesian Pharma: Merck Sees Healthy Growth Ahead

leave a comment »

JAKARTA, Indonesia /PRNewswire/ — Publicly listed Merck, founded in 1970 as the Indonesian unit of a German-based pharmaceutical giant, expects double-digit growth in total sales in 2016 following a similar growth in its healthcare business last year. The biopharma business, for example, rose by 14.5 percent in 2015, above the industry average of 8 to 9 percent. On the other hand, the consumer health business soared by 16 percent (Source: Jakarta Post).

Active pharma
Active pharma

The company will also strengthen its current strategy of maintaining partnerships with both private and government organizations such as the Health Ministry and the Jakarta Administration. Through which, Merck will expand public awareness about health issues, encourage public acceptance and broaden market access for Merck’s pharmaceutical products.

Merck is also currently expanding the production capacity of its factory in TB Simatupang, South Jakarta, to further boost future sales.

These and other key industry news will be discussed next week at CPhI SEA, the only trade exhibition dedicated to the pharma industry in the region, held at Jakarta International Expo during April 6-8, 2016. Don’t miss the opportunity to be part of the change, register here and join the event!

The CPhI series of events supports 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

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

Photo –
Logo –


Source: CPhI – UBM
Related Links:

Written by asiafreshnews

April 1, 2016 at 4:05 pm

Posted in Uncategorized

UnionPay International and Airports in Malaysia Join Forces to Reward Shoppers

leave a comment »

-Global payments company launches gift-with-purchase promotions in Kuala Lumpur, Penang and Langkawi airports.

KUALA LUMPUR, Malaysia  /PRNewswire/ — UnionPay Cardholders will have a chance to own intricate hand-finished gifts rich in Malaysian heritage when they shop at four Malaysian airports from 1 April 2016. Cardholders with card numbers starting with “62” can look forward to free Royal Selangor pewter products when they spend above RM500.

Senior General Manager of MAHB Encik Mohammad Nazli & General Manager of UPI Southeast Asia Mr. Wenhui Yang launching the Malaysian airport promotion.
Senior General Manager of MAHB Encik Mohammad Nazli & General Manager of UPI Southeast Asia Mr. Wenhui Yang launching the Malaysian airport promotion.

Shoppers in Penang International Airport and Langkawi International Airport need only spend a minimum ofRM500 to receive a complimentary pewter chopstick rest from Malaysia pewter icon Royal Selangor. Shoppers in KLIA and KLIA2 can look forward to a complimentary Royal Selangor name card holder with a minimum spending of RM1,500.

To claim their gifts, shoppers can accumulate up to three same-day receipts to redeem these exclusive gifts at the respective airports. This gift-with-purchase promotion runs from 1 April 2016 to 30 June 2016.

Mr Wenhui Yang, General Manager of UnionPay International Southeast Asia said, “Last year, we partnered MAHB for a 3 month promotion in KLIA2 and it was very successful, with more than double in year-on-year growth for transactions volume. That’s why we are pleased to make it bigger and better this time, extending the promotion to include KLIA, Penang International Airport, and Langkawi International Airport.”

“This year’s campaign is launched at a time when we are seeing a surge of tourists visiting Malaysia. Passenger traffic at the four airports alone was 57 million in 2015,” added Mr Yang.

He explained why UPI chose Royal Selangor pewter as gifts. “Royal Selangor is Malaysia’s premier purveyor of quality pewter and a recognised brand worldwide. The brand has collaborated with international luxury names and remains a hallmark of Malaysian craftsmanship. Visitors and locals alike will be excited to receive such a gift. We at UnionPay strive to always bring the best to our customers in the countries that we operate in,” said Mr Yang.

Mr Yang believed UPI and Malaysian tourism make good partners too. “Asia Pacific is the second-most preferred destination in the world, with substantial potential for further growth. Growing alongside Malaysia’s tourism rates are travellers who prefer to use UnionPay when making purchases. The acceptance rates of UnionPay cards at local ATMs are over 90%, and merchant acceptance rates are planned to increase this year.”

The strengthening acceptance of UnionPay cards in Malaysia solidifies the importance of this partnership, making it timely and will generate an even more attractive shopping experience in the airports.

About UnionPay International

UnionPay International (UPI) focuses on the growth and support of UnionPay’s global business. In partnership with more than 1000 institutions worldwide, UPI has enabled card acceptance in more than 157 countries and regions outside the Chinese mainland with issuance in 40 countries and regions with over 5 billion cards issued worldwide. UPI provides high quality, cost effective and secure cross-border payment services. As the world’s largest cardmember base, UPI ensures convenient local services to a growing number of global UnionPay Cardholders and merchants.

In ASEAN, UPI has enabled ATM, POS acceptance and card issuance across all the 10 countries. UPI started its business in Malaysia in 2006. UnionPay cards are accepted at over 90% of ATMs and at close to 60% of the local merchants.

About Malaysia Airports

Malaysia Airports manages and operates 39 airports in Malaysia and one international airport in Istanbul, Turkey. The 39 airports in Malaysia comprise 5 international, 16 domestic and 18 Short Take-Off and Landing Ports (STOL Ports). It also provides airport management and technical services for the development, operation, maintenance and management in overseas international airports. On November 30, 1999, Malaysia Airports became the first airport company to be listed in Asia.

KL International Airport (KLIA), its flagship airport was recently voted as the Large Airport of The Year at the CAPA Awards for Excellence in Asia Pacific Aviation 2014. KLIA was also thrice voted as the Best Airport (15-25 million passengers per annum) in the 2005 AETRA awards, 2006 ACI-ASQ awards and 2007 ACI-ASQ awards while the Low Cost Carrier Terminal (LCCT-KLIA) was named CAPA Low Cost Airport of the Year at the CAPA Aviation Awards for Excellence 2006. Malaysia Airports has also received numerous awards that acknowledged its commitment in service, community engagement, corporate responsibility and organisational excellence.

KLIA has taken a big stride in the realisation of becoming a global integrated hub by launching the Next Generation Hub concept, an initiative aiming to position the ultra-modern airport as a complete hub for all. Its KLIA2 terminal dedicated to low-cost carriers and the world’s largest was opened in May 2014.

MAHB is listed on the Main Board of Bursa Malaysia Securities Berhad (“Bursa Malaysia”).

For more information on MAHB, please visit

Photo –

Source: UnionPay International

Written by asiafreshnews

April 1, 2016 at 4:05 pm

Posted in Uncategorized

Cryoviva Bags Frost & Sullivan Thailand Stem Cell Company of the Year Award for Second Year in a Row

leave a comment »

BANGKOK /PRNewswire/ — Cryoviva Thailand has been honored with the Frost & Sullivan Thailand Stem Cell Company of the Year award for the second consecutive years.

The award was presented to Cryoviva Thailand at the 2016 Frost & Sullivan Thailand Excellence Awards ceremony held at the Dusit Thani Bangkok on March 23.

Mr. Chee Lip Lee, Research Analyst, Best Practices at Frost & Sullivan said that Cryoviva Thailand has provided valuable opportunities for its clients to have a credible and lifetime commitment with its excellent facilities and best practices.

He added that Cryoviva Thailand has given its clients assurance and total peace of mind through the credibility of the company, reputation of investors and rich experience in the industry. Based on the fundamentals of running cord blood banking operation, Cryoviva has had 0.001% client fall out.

“By continuously providing great value and world class standard of services to its clients in a variety of ways, the company has managed to maintain its leading position in Thailand’s stem cell market,” Mr. Lee added.

He also noted that Cryoviva is the first and only cord blood stem cell bank to be accredited by the American Association of Blood Banks (AABB) and IS9001 in Thailand. Mr. Lee added that Cryoviva’s technology is licensed from Lifeforce Cryobanks USA, which is also accredited by AABB and FDA.

“We would like to thank Frost & Sullivan, a world leading consulting firm, for recognizing and awarding us the Thailand Stem Cell Company of the Year award for the second straight year,” said Mrs. Chiranya Prachaseri, Chief Executive Officer at Cryoviva Thailand.

“The award is a validation of our excellent work in the stem cell industry in Thailand and the region. We remained committed to deliver excellence in the stem cell industry in Thailand and the region,” she added.

The recipients of the 2016 Frost & Sullivan Thailand Excellence Awards were identified based on an in-depth research conducted by Frost & Sullivan’s analysts. The short-listed companies were evaluated on a variety of actual market performance indicators which include revenue growth; market share and growth in market share; leadership in product innovation; marketing strategy and business development strategy.

About Cryoviva Thailand

Cryoviva (Thailand)Co., Ltd., is a private cord blood bank established in 2007 through the collaborative efforts of leading global organizations including Lifeforce Cryobanks USA, Cryobanks India, Indorama Ventures Thailand and RJ Corp., India.  The collaboration of these companies gives you access to stem cells — the futuristic therapy with unlimited possibilities.

At Cryoviva, we firmly believe that stem cells from umbilical cord blood and cord tissue are a true lifeline for a lifetime, a hope and promise for tomorrow’s health and wellbeing. Cryoviva’s mission is to be a lifetime partner for families and is committed to developing itself into a major player in biotechnology and healthcare, not only limited to stem cell, but also including stem cell therapy, and the storage and application of stem cells. While the global medical advancements today bring a new hope where stem cells from your baby’s cord blood and cord tissue can be collected and stored for later use in the treatment of many life threatening diseases, Cryoviva believes that there will be a surge in interest amongst expecting couples as they become more aware of the developments, both in Thailand and globally.

Cryoviva’s strategy is to continue to build branding, expand services options, and further access to high technologies whilst adhering to the highest quality standards and the best value price for our customers. Simultaneously, we aim to create new strategic partnerships that will allow us to boost awareness of the benefits of our services whilst also collaborating with those who with us and pushing for success in areas that are of mutual benefit as our strengths lie not only in stem cell banking but also in other areas of healthcare.

Cryoviva and all its group companies are accredited by the highest authorities in the field of business they engage in – this is a guarantee that we take our business seriously and assures our partners that we will maintain the highest standards of business in all our operations in the same way that our partners do by complying to standards such as JCI (Joint Commission International) for medical institutions.

In 2016, Cryoviva Thailand will place great focus on marketing activities to attract more customers and expand its database. Cryoviva intends to create a community for mothers for CRM purposes and will re-launch its brand to the market with a new perception. Cryoviva’s CSR Project “Cryoviva for a New Life” will also be continued.

As Thailand’s premium provider of stem cell banking services, we are fully committed to provide the best service delivery, quality and bringing state of the art technologies into our business for the maximum benefit of our customers.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

Contact Us:     Start the discussion

Media Contact

Alice Chia
Corporate Communications — Asia Pacific
Frost & Sullivan

Source: Frost & Sullivan

Written by asiafreshnews

April 1, 2016 at 3:55 pm

Posted in Uncategorized

Opening of 2016 Macao International Environmental Co-Operation Forum & Exhibition, This Year’s Theme: ‘Waste Management’

leave a comment »

MACAO /PRNewswire/ — The 2016 Macao International Environmental Co-Operation Forum & Exhibition (MIECF, will be held by the Government of the Macao Special Administrative Region and the Ministry of Environmental Protection of the People’s Republic of China. This event will run for four days from March 31 to April 2 in Expo Hall at the Venetian Macao.

Opening of 2016 Macao International Environmental Co-Operation Forum & Exhibition
Opening of 2016 Macao International Environmental Co-Operation Forum & Exhibition

Held for the first time in 2008, MIECF is an international exhibition that promotes the technological and information exchange between the Pan-Pearl River Delta Region (Hong Kong, Sichuan, Guizhou, Yunnan, and Macao) in Southern Mainland China and international markets.

Eco-friendly waste management is becoming an important issue. At the event, which covers an area of about 16,000 square meters, 460 global brands and technology providers from 20 different countries will showcase their products and services.

This year, the event will be held under the catchy theme of “The Opportunity for Green Economy — Waste Management.” It will provide various forums and events to share experts’ technologies and experiences.

The Green Forum is one of the main events, and this year’s keynote speaker is none other than Professor Dr. h.c.Walter R. Stahel, a well-known Swiss architect and a pioneer of the “Circular Economy.”

The “Environment Exhibition” zone will be introduced for the first time at this year’s MIECF. It is a new pavilion that deals with waste management, green construction, and green transportation.

The Waste Management pavilion focuses on the “5Rs (Refuse, Reduce, Reuse, Repair and Recycle)”. The Green Construction pavilion is related to facility management and air-conditioning systems. The Green Traffic pavilion includes buses and motorcycles that are powered via electricity, hybrid energy, and fuel cells. Furthermore, it also handles electricity stations, related infrastructures, batteries, and distribution solutions.

There will also be other events, including business matching services, forums, galas, networking sessions, a session for special buyers, a business cooperation day, and more. MIECF is establishing itself as a networking platform that enhances the influence of environmental businesses in Macao, the Pan-Pearl River Delta Region, and international markets.

Photo –

Source: Macao International Environmental Co-operation Forum and Exhibition

Written by asiafreshnews

April 1, 2016 at 3:53 pm

Posted in Uncategorized

Virgin Hotels Announces New Vice President of Development

leave a comment »

-Alex Andjel Will Take Lead on European Expansion

MIAMI /PRNewswire/ — Virgin Hotels, the lifestyle hotel brand by Richard Branson, welcomesAlex Andjel as the new Vice President of Development.  Andjel, who is located in London, will oversee the brand’s expansion into Europe.

Photo –

“Virgin is such a global brand, synonymous with being the consumer champion through its uncompromising focus on service quality, innovation, fun and value for money. I’m extremely proud to lead our European expansion as we look to grow the portfolio in the key gateway cities that you might expect and some you wouldn’t.”

Andjel will work closely with capital partners and strategic investors to acquire new and existing properties in cities across Europe. Hoping to acquire two or three properties per year, the brand is keeping options open, targeting cities from London, Paris and Rome to less-predictable locations like Istanbul, Manchester, Edinburgh and Dublin.

Allie Hope, Head of Development and Acquisitions commented, “Alex will be a key resource as we expand Virgin Hotels into Europe. His vast experience and knowledge of the markets in Europe and the Middle East will prove to be incredibly valuable. We’re excited to have him on board.”

Andjel most recently served as Vice President of Development for YOTEL, focusing on Europe, the Middle East andAsia. Prior to this, he was Director of Montpelier Hotels Ltd., a hospitality investment and corporate finance advisory firm and Director of Development for Bridgehouse Capital, a private equity company with total assets in excess of $1 billion. More recently, he spent five years with Orient-Express Hotels Ltd. where he managed more than $500 million of acquisition, financing and dispositions of non-core assets. He successfully executed third party hotel management agreements for OEH in London and North American (Cadogan Hotel, Durley House and The Inn at Perry Cabin).

Virgin Hotels Chicago is now open and accepting reservations at, with Nashville slated for 2017 and New York, Palm Springs and Dallas for 2018. Virgin Hotels continues to explore hotel and office conversions as well as ground-up development in cities such as Boston, Los Angeles, Miami, Austin, Seattle, San Francisco,Washington DC, and London.


Source: Virgin Hotels

Written by asiafreshnews

April 1, 2016 at 3:44 pm

Posted in Uncategorized

Japan’s Kurashiki City Releases Series of “Denim Ninja in Kurashiki” Videos

leave a comment »

KURASHIKI, Japan /PRNewswire/ — Kurashiki City in Okayama Prefecture, western Japan, has released “Denim Ninja in Kurashiki,” a series of video clips for tourists, to attract travelers from abroad. Kurashiki is known as the birthplace of Japanese denim fabric.

The fast-paced action videos present a ninja dispatched from the capital to investigate 30 “mysteries” of Kurashiki. They aim to ensure that tourists from Taiwan (Hong Kong, Thailand) get the most enjoyment out of their time while in the city.

Kurashiki is situated between Hiroshima and Osaka, and can be reached from either city in approximately one hour by “shinkansen” bullet train. Plans are underway to employ English-speaking staff so that visitors from Taiwan (Hong Kong, Thailand) can better enjoy this charming place, steeped in history.

Clad in the local denim, the “Denim Ninja” makes a visit to solve the 30 mysteries in Kurashiki. Join him as he appears throughout the town in search of answers….

(Chinese, traditional) DENIM NINJA in KURASHIKI – DENIM NINJA solves the 30 mysteries of Kurashiki! (long ver.)

(Thai) DENIM NINJA in KURASHIKI – DENIM NINJA solves the 30 mysteries of Kurashiki! (long ver.)

Source: Kurashiki City

Written by asiafreshnews

April 1, 2016 at 3:39 pm

Posted in Uncategorized

Mindtree Joins Apigee Digital Partner Program

leave a comment »

-API-First Solution Approach to Enable Faster, More Seamless Digital Transformation

BANGALORE and WARREN, N.J. /PRNewswire/ — Mindtree, a leading digital transformation and technology services company, announced today that it has joined Apigee’s Digital Partner Program. This collaboration with Apigee, a leading provider of application program interface (API) management software, enables Mindtree clients to transform their digital user experience quickly and seamlessly.


The Apigee – Mindtree collaboration will provide clients an approach that uses APIs to transform their user experience with agility while still connecting with their legacy, back-end data. This will allow clients to manage their transformation at two speeds – one, a rapid deployment of a new customer interface, and second, slower transition of legacy systems, which are historically more embedded, and as a result, more time-consuming to update.

As an Apigee Digital Partner Program member, Mindtree combines Apigee products with its technology expertise and services to design and implement digital solutions. This partnership with Apigee will allow Mindtree to enhance its industry-leading approach to digital transformation. This includes creating a fully digital customer experience focused on ease of use and efficient design; digitizing the full value chain from user experience to back-end data using APIs; developing sense and respond systems that allow an organization to quickly pivot their approach based on new customer data; and shaping new innovative business models and partnerships.

“Companies across industries are looking to digitally transform, and it’s becoming clear that relying on old technology can’t get them there,” said Chris Arisian, head of Strategic Business Development at Apigee. “Mindtree is committed to delivering digital transformation and technology services from ideation to execution, and we look forward to working with them to help Global 2000 enterprises embrace APIs to more effectively compete in today’s digital economy.”

“We have long been focused on an API-first approach for digital transformation, to scale and reliably interconnect a company’s back-end systems,” said Paul Gottsegen, chief marketing and strategy officer for Mindtree. “Our collaboration with Apigee will enable clients to drive increased agility and innovation as they deploy digital-led growth initiatives.”

About Apigee:

Apigee® (NASDAQ: APIC) provides an intelligent API platform for digital business. Many of the world’s largest organizations select Apigee to enable their digital business, including 30 percent of the Fortune 100, five of the top six global 2000 retail companies, and five of the top 10 global telecommunications companies. Apigee customers include global enterprises such as Walgreens, Burberry, Morningstar, and First Data. Apigee is headquartered in San Jose, California and has over 400 employees worldwide.

About Mindtree:

Mindtree [NSE: MINDTREE] delivers digital transformation and technology services from ideation to execution, enabling global 2000 clients to outperform the competition. ‘Born digital’, Mindtree takes an agile, collaborative approach to creating customized solutions across the digital value chain. At the same time, our deep expertise in infrastructure and applications management helps optimize your IT into a strategic asset. Whether you need to differentiate your company, reinvent business functions or accelerate revenue growth, we can get you there. Visit to learn more.

For more information, contact:

Priyanka Waghre
+91 98867 29295

United States
Andrea Dunbeck
Matter Communications

Kiran Farooque
PPR Worldwide
+44 0 207 300 6181

Source: Mindtree

Related stocks: NASDAQ-NMS:APIC

Related Links:

Written by asiafreshnews

April 1, 2016 at 3:36 pm

Posted in Uncategorized

Circum Appoints Morgan Stanley to conduct a Strategic Review and Optimizes Feasibility Study

leave a comment »

-Circum optimizes Definitive Feasibility Study for its Danakil potash project and reduces Opex and Capex; Project will deliver lowest cost potash production in the world
-Morgan Stanley appointed to conduct a Strategic Review for the Danakil Project

LONDON /PRNewswire/ — Circum Minerals Ltd. (“Circum” or the “Company”) today announced the results of the Optimized Definitive Feasibility Study (“Optimized DFS”) for its potash project in the Danakil Basin in Ethiopia (the “Danakil Project”). The Optimized DFS improves a number of the project parameters set out in the original Definitive Feasibility Study completed in August 2015 (the “2015 DFS”). The Optimized DFS confirms that the Company’s Danakil Project is expected to be a world-class project in terms of size and could potentially become the world’s lowest cost potash producer and a major supplier to the Asia Pacific markets.

Project Highlights

  • Measured, Indicated and Inferred Resources of 4.9 billion tonnes at 18.1% KCl
  • Seismic data suggests a potential total resource of 12 to 14 billion tonnes
  • Proven and Probable Reserves of 107.8 million tonnes of KCl equivalent
  • Expected annual production of 2 million tonnes of MOP and 750,000 tonnes of SOP for Phase I
  • Reserves support 26 year mine life for Phase I, including a three year ramp-up period
  • Development capital for Phase I of US$2.3 billion (including contingency) with peak funding of US$1.8 billiondue to early revenue from initial production
  • Low capital intensity per tonne of annual production at US$838 per tonne
  • Lowest quartile mine gate cash costs of US$38 per tonne of MOP and US$112 per tonne of SOP
  • Total operating costs (FOB Djibouti) of US$81 per tonne of MOP and US$156 per tonne of SOP
  • Substantial transportation advantages to India, Southeast Asia and China
  • After-tax Net Present Value of US$2.1 billion, at a 10% real discount rate
  • After-tax nominal Internal Rate of Return of 25.8%

The Company, together with its independent consultants Senet (Pty) Ltd of South Africa and K-UTEC AG Salt Technologies, reviewed the costs in the 2015 DFS.  Through their work on the Optimized DFS, development capital costs were reduced by US$276 million and operating costs were reduced by approximately US$3 per tonne.  These reductions have had a favorable impact on the project economics.

A summary of the Optimized DFS is presented below:

Real unless o/w indicated

Optimized DFS

2015 DFS

Annual Production

2 Mt MOP, 0.75 Mt SOP

2 Mt MOP, 0.75 Mt SOP

Operating costs (EXW)

US$38/tonne MOP

US$112/tonne SOP

US$39/tonne MOP

US$114/tonne SOP

Operating costs (FOB Djibouti)

US$81/tonne MOP

US$156/tonne SOP

US$84/tonne MOP

US$159/tonne SOP

Development Capital

US$2.3 billion

US$2.6 billion

Pre-tax NPV @ 10% (Real)

US$2.8 billion

US$2.5 billion

Pre-tax Nominal IRR



Post-tax NPV @ 10% (Real)

US$2.1 billion

US$2.1 billion

Post-tax Nominal IRR



Note: Based on a flat, real MOP price of US$350/t and a flat, real SOP price of US$580/t, assuming 2% inflating factor.

The Chairman and Co-founder of Circum, Stephen Dattels, is also pleased to announce that Morgan Stanley & Co. International PLC has been appointed as the financial adviser to conduct a strategic review of Circum’s Danakil Project. The strategic review will focus on the potential introduction of third-party strategic investors and joint-venture parties at a corporate or project-level as well as corporate or project-level debt and/or equity investments.  Circum has identified a number of strategic and financial parties interested in being involved in various aspects of the world-class Danakil Project’s development, given its importance to the potash industry and the Asia Pacificmarkets.

About Circum Minerals Ltd.

Circum Minerals Ltd. is a private company focused on the development of a significant potash deposit in the Danakil Basin of Ethiopia. Through its wholly-owned subsidiary, Circum Minerals Potash Ltd., the Company holds a 100% interest in an exploration license covering 365 square kilometers.  For more information visit its website

For additional information please contact:

Chris Gilchrist
Chief Operating Officer
Circum Minerals Ltd.

Certain statements in this press release are forward looking statements. These forward looking statements are not based on historical facts but rather on management’s expectations regarding the Company’s future growth, results of operations, future capital and other expenditures, competitive advantages, exploration and development activity and the results of such activity, business prospects and opportunities. Such forward looking statements reflect management’s current beliefs and assumptions and are based on information currently available to management. Forward looking statements involve significant known and unknown risks and uncertainties.  A number of factors could cause actual results to differ materially from the results discussed in the forward looking statements, many of which are beyond the control of the Company.  Accordingly, readers should not place undue reliance on forward-looking information. The Company undertakes no obligations to update publicly or otherwise revise any forward-looking information.

Logo –

Source: Circum Minerals Ltd.

Written by asiafreshnews

April 1, 2016 at 3:15 pm

Posted in Uncategorized