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Archive for August 15th, 2016

Supermicro(R) Rack Scale Design Maximizes Next-Generation Datacenter Agility, Efficiency and Scalability

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-New Supermicro Architecture which Optimizes Compute, Storage and Network Resource Utilization to be Unveiled at Intel Developer Forum 2016 in San Francisco
SAN JOSE, Calif. /PRNewswire/ — Super Micro Computer, Inc. (NASDAQ: SMCI), a global leader in compute, storage, and networking technologies and green computing has announced the unveiling of its new Supermicro Rack Scale Design (Supermicro RSD) at the Intel Developer Forum (IDF) in San Francisco next week in Gold Sponsor booth 600.

As a pre-packaged and pre-validated rack solution built on an open standards-based architecture, Supermicro RSD employs existing Supermicro hardware and open standards-based API-driven Redfish management. These compute, storage, network, and software building blocks are optimized for the most stringent data center requirements with the highest density, scalability, and power-and-cost efficiency. Supermicro RSD is a superset of the Intel Rack Scale Design (RSD), which enables dynamic management of compute, memory, PCI-e expansion and storage resources for more efficient and higher utilization of datacenter assets.

“Supermicro RSD is architected to dramatically improve CPU and storage utilization rates, agility and efficiency in the datacenter,” stated Charles Liang, President and CEO of Supermicro. “When combined with our leadership position in the newest technologies such as U.2 NVMe, and in upcoming fabric technologies like Red Rock Canyon and PCI-E switches, Supermicro RSD will provide datacenters with unparalleled competitive advantages, especially when implemented with the new Ruler form factor high capacity flash storage.”

“Supermicro adoption of Intel Rack Scale Design across a wide range of their product lines offers a variety of solutions to meet the diverse needs of end users,” said Charles Wuischpard, vice president, Data Center Group, general manager Scalable Datacenter Solutions Group at Intel. “These Intel RSD solutions will bring industry standards-based, hyperscale-inspired capabilities such as resource discovery, compose-ability and telemetry to the broad market, enabling improved customer TCO and flexibility through dynamic deployment and manageability of datacenter infrastructure.”

Leading product lines initially implementing Supermicro RSD include the company’s Ultra NVMe, TwinProTM, FatTwinTM, and SuperStorage servers along with Supermicro 1G and 10G Ethernet switches and SuperRack® technologies. Based on Redfish APIs, the Supermicro Rack Management Module (SRMM) will simplify management of hardware assets in a rack and work in concert with Supermicro’s POD Manager to offer speedy deployment and require less manpower for datacenter management. Supermicro RSD technology provides a foundation to build the future infrastructure for both datacenter and cloud environments. Supermicro will demonstrate all of these building blocks at IDF 2016.

For more information on Supermicro’s complete range of high performance, high-efficiency Server, Storage and Networking solutions, please visit http://www.supermicro.com.

Follow Supermicro on Facebook and Twitter to receive their latest news and announcements.

About Super Micro Computer, Inc. (NASDAQ: SMCI)

Supermicro® (NASDAQ: SMCI), the leading innovator in high-performance, high-efficiency server technology is a premier provider of advanced server Building Block Solutions® for Data Center, Cloud Computing, Enterprise IT, Hadoop/Big Data, HPC and Embedded Systems worldwide. Supermicro is committed to protecting the environment through its “We Keep IT Green®” initiative and provides customers with the most energy-efficient, environmentally-friendly solutions available on the market.

Supermicro, Building Block Solutions and We Keep IT Green are trademarks and/or registered trademarks of Super Micro Computer, Inc.

Intel is a registered trademark of Intel Corporation in the United States and other countries.

All other brands, names and trademarks are the property of their respective owners.

SMCI-F

Source: Super Micro Computer, Inc.
Related stocks: NASDAQ-NMS:SMCI
Related Links:
http://www.supermicro.com

Written by asiafreshnews

August 15, 2016 at 2:42 pm

Posted in Uncategorized

LCM Partners Shortlisted for Fixed Income Boutique Manager of the Year

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LONDON /PRNewswire/ — LCM Partners is delighted to announce that it has been shortlisted in Financial News’ 15th annual Awards for Excellence, Institutional Asset Management, Europe.

(Logo: http://photos.prnewswire.com/prnh/20160811/397432LOGO )

The company has been nominated in the ‘Fixed Income Boutique Manager of the Year’ category with the winner being announced in October. As a new award category added this year, LCM is honoured to be one of the first Investment Managers selected by Financial News to represent this asset class.

LCM Partners is a credit specialist with longstanding expertise in the investment in and management of alternative credit portfolios. With a 17 year unleveraged track record of 12.3% annualised return (net), the firm has acquired over 2,000 portfolios covering performing, semi-performing, and non-performing loans that represent over EUR13.5 billion of book value.

The award nomination follows the recent first close of LCM’s commingled fund, LCM Partners CO III with a final close expected for Q3 2016. The LCM Credit Opportunities lll strategy is made up of several separately managed accounts alongside the new commingled fund which taken in its entirety will represent over EUR2 billion of assets under management.

Notes to Editors:
Contacts
LCM Partners:
Alison Swonnell
T: +44-203-457-5058
aswonnell@lcmpartners.eu

Paul D Burdell
T: +44-203-457-5060
paulburdell@lcmpartners.eu

Source: LCM Partners

Written by asiafreshnews

August 15, 2016 at 2:32 pm

Posted in Uncategorized

Leaders in Business Education and Industry Gather at International Experiential Learning Summit in Cambodia

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The Global Business School Network (GBSN) and the National University of Management in Phnom Penh held a summit to explore experiential learning approaches to management education in the Asia Pacific Region

PHNOM PENH, Cambodia /PRNewswire/ — On August 1, 2016 nearly 60 leaders in business education and industry gathered at the Raffles Hotel le Royal to participate in a summit on “Learning by Doing: The Power of Experiential Learning in Management Education,” hosted by the National University of Management in Phnom Penh. Delegates explored approaches to applying experiential learning to management education and opportunities to increase multi-sector engagement in management education in the Asia Pacific region, particularly with the private sector. The summit was sponsored by GGear Co. Ltd. and IDP Education.

Kerry Laufer, Tuck School of Business at Dartmouth interviews H.E. Dr. Hang Chauon Naron, Minister of Education Youth and Sport, Cambodia for the Keynote Discussion
Kerry Laufer, Tuck School of Business at Dartmouth interviews H.E. Dr. Hang Chauon Naron, Minister of Education Youth and Sport, Cambodia for the Keynote Discussion
Photo – http://photos.prnewswire.com/prnh/20160811/397525

“Around the globe we in the education community hear the drumbeat from employers that they want mature graduates who have the soft skills necessary to thrive in a work environment. And from GBSN members on every continent we see the impact that consequential experiential learning opportunities have on students’ development. I’m grateful to the National University of Management for helping us bring GBSN’s second ‘Learning by Doing’ summit to Cambodia as part of our effort to expand access to experiential education at business schools around the globe.” said Page Schindler Buchanan, Chief Operating Officer at GBSN.

“Overall, the GBSN Summit on Experiential Learning was a success and we look forward to introducing more experiential and action learning projects into our business school curricula at the National University of Management in Phnom Penh,” said Dr. Hor Peng, Rector of National University of Management.

The Keynote Discussion featured H.E. Dr. Hang Chuon Naron, Minister of Education, Youth and Sport who was interviewed by Kerry Laufer, Director of OnSite Global Consulting at the Tuck School of Business at Dartmouth.

“The conference provides a platform for business schools, business leaders and policy-makers to meet and discuss to find ways how to improve management education to meet the needs of the rapidly changing landscapes of global business of the 21st century,” said H.E. Dr. Naron.

Following the summit, delegates from the US, Cambodia, Malaysia, Thailand, Vietnam, Myanmar, India, Singapore, South Korea and gathered for a reception with Julie Chung, Deputy Chief of Mission at the U.S. Embassy in Cambodia.

“The U.S. Embassy is proud to support this important summit that brings together the best of American business schools with their colleagues in Cambodia and throughout Asia. Experiential learning in particular is a significant innovation that will help future business leaders bridge borders and thrive in their own communities. By fostering international dialogue and information transfer through events like this, the Global Business School Network is helping to strengthen ties between our schools, our students and our nations,” said Ms. Chung.

Summit speakers and facilitators included top U.S. and Asian business educators, prominent Cambodian entrepreneurs, and the Cambodian Minister of Education, Youth and Sport, providing varied perspectives on experiential education in Cambodia and across the globe.

Featured speakers included:

Bryan Andriano, Executive Director, Global & Experiential Education, George Washington University School of Business (USA)
Chang Bunleang, Co-Founder & Managing Director, Brown Coffee (Cambodia)
Michellana Jester, Lecturer & Faculty Course Manager, Global Economics & Management Group, MIT Sloan School of Management (USA)
Marc Johnson, Executive Director, Center for Global Initiatives, Darden School of Business, University of Virginia (USA)
Deepa Krishnan, Professor, S.P. Jain Institute of Management & Research (India)
Ravi Kumar, Associate Provost, Special Projects, Nanyang Business School (Singapore)
Kerry Laufer, Director, OnSite Global Consulting, Tuck School of Business at Dartmouth (USA)
Zoe Ng, Managing Director, Raintree Development (Cambodia)
Stephen Paterson, Senior Advisor &Program Coordinator for Entrepreneurship & Innovation, National University of Management (Cambodia)
Hor Peng, Rector, National University of Management (Cambodia)
Okhna Sok Piseth, CEO & Co-Founder, GGer Co., Ltd. (Cambodia)
Kristiana Raube, Executive Director, International Business Development Program
Executive Director, Institute for Business & Social Impact, Haas School of Business, UC Berkeley (USA)
Eric Shih, Vice Dean for Faculty & Research, SKK Graduate School of Business (South Korea)
Visit http://www.gbsn.org/ELsummit to view the full agenda.

About GBSN
The Global Business School Network is a nonprofit organization dedicated to strengthening management, entrepreneurial and leadership talent for the developing world through better access to quality, locally relevant education. GBSN harnesses the power of a network of over 70 leading business schools that share a dedication to our mission to build management education capacity for the developing world. Through international events and local capacity building projects GBSN facilitates cross-border networking, knowledge sharing and collaboration. GBSN programs tap the expertise of our member schools to advise, train and mentor developing world institutions and educators. More information is available at http://www.gbsn.org.

About The National University of Management
The National University of Management is the leading public university in Cambodia focusing on management and business administration. Currently, there are approximately 12,000 students enrolled in bachelor, masters and doctoral programs in areas such as finance & banking, accounting, management, marketing, entrepreneurship, tourism & hospitality, information technology, foreign languages and business law.

Contact at GBSN: Nicole Zefran, nzefran@gbsn.org, +1.202.628.9040

Source: Global Business School Network
Related Links:
http://www.gbsnonline.org

Written by asiafreshnews

August 15, 2016 at 12:25 pm

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Dengue Immunization Public Program in Parana State of Brazil Set To Achieve WHO 2020 Ambition

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– First dengue immunization public program in the Americas starts today targeting broad age range of individuals at highest risk of disease consistent with recent WHO position

– Parana state will lead Dengue prevention in Brazil launching benchmark public program to immunize 500,000 individuals with Dengvaxia® dengue vaccine over next three weeks –

PARIS /PRNewswire/ — Sanofi and its vaccines global business unit Sanofi Pasteur announced that 500,000 doses of Dengvaxia® have been received in Parana to support a large-scale public dengue immunization program initiated today in the State’s 30 most highly endemic municipalities.

Parana State, home to 10 million people, has seen a steep 3-fold increase in both dengue incidence and deaths in recent years. In the last year, there have been 55,000 cases reported, costing the State an estimated R$ 330 million (~91 M Euro) in related healthcare expenses.

“For the public immunization program being launched today, we have used our extensive dengue surveillance data to ensure that we are targeting people at highest risk of disease. We will vaccinate all individuals 15-27 years of age in 28 municipalities and 9-44 years of age in the two municipalities with the top dengue burden in our State over the next three weeks,” said Michele Caputo Neto, Parana Health Secretary.

“Parana has a good track record in vaccination coverage in general and successful implementation of this dengue immunization strategy could result in 74% reduction in disease burden in these highly impacted municipalities within 5 years, according to a dengue vaccine impact study published in the Brazilian Journal of Health Economics[i],” Secretary Neto noted.

Dr. Stephen J. Thomas, a physician-scientist at the Walter Reed Army Institute of Research in Silver Spring, Maryland who is an international dengue expert commented on the public immunization program initiated by Parana State today. “Dengue remains one of the world’s most important mosquito transmitted diseases causing significant human suffering and financial cost. The strategic deployment of a safe and effective dengue vaccine offers the best hope of reducing dengue’s burden, especially in highly endemic countries like Brazil.”

Dengvaxia’s safety and efficacy have been documented in a large clinical study program involving more than 40,000 people in studies conducted in 15 countries around the world including Brazil which participated in both phases II and III of the clinical development of the vaccine. The safety, efficacy and public health value of the dengue vaccine has been independently endorsed by the World Health Organization (WHO) in position paper on Dengvaxia published on 29th July 2016 [ii], which is consistent with the earlier positive recommendation on the dengue vaccine issued by the WHO’s Strategic Advisory Group of Experts on Immunization last April.

Guillaume Leroy, of Sanofi Pasteur, added “Introduction of the dengue vaccine first in endemic countries like Brazil has always been Sanofi Pasteur’s priority because this is where the vaccine can have the greatest impact on disease burden globally. Furthermore, successful implementation of Dengvaxia in a large-scale public program in Parana will serve as a benchmark for dengue prevention efforts elsewhere in the country and in the world.”

Sanofi Pasteur will continue to address all supply demands coming from all clinics in Brazil, both public and private, as well as any additional requests from other countries supported by company’s ample dengue vaccine supply capacity from its production facility in France.

About Sanofi Pasteur commitment to public health in Brazil

Sanofi Pasteur is a leading vaccine provider in Brazil and a committed and longtime partner for public health in the country. Going back to 1974 the company produced and delivered 90 million doses of meningitis vaccine in record time to respond to an outbreak in Brazil. Sanofi Pasteur has partnered with the Butantan Institute in Brazil since 1999 to deliver seasonal influenza vaccines to the Brazilian population. In 2009 this partnership was instrumental in providing the pandemic A/H1N1 flu vaccine to the Brazilian government. In 2008, Sanofi Pasteur responded to a yellow fever outbreak in Brazil by delivering four million doses of yellow fever vaccine at the request of local health authorities and United Nation agencies. Since 2011, Brazilian infants have been receiving inactivated poliomyelitis vaccine provided via an agreement between Sanofi Pasteur and FIOCRUZ/ Biomanguinhos.

About Sanofi Pasteur Dengue Vaccine

In addition to Brazil, Sanofi Pasteur Dengue Vaccine is also registered in Mexico, Philippines, El Salvador and Costa Rica to date. Regulatory review processes for Dengue Vaccine are continuing in other countries where dengue is a public health priority.

Sanofi Pasteur’s vaccine is the culmination of over two decades of scientific innovation and collaboration, as well as 25 clinical studies in 15 countries around the world. Over 40,000 volunteers participated in the Sanofi Pasteur dengue vaccine clinical study program (phase I, II and III), of whom, 29,000 volunteers received the vaccine.

A summary of the efficacy documentation on Dengvaxia for the study population 9 years and older population was published in The New England Journal of Medicine on July 27th 2015. These findings affirm the vaccine’s consistent efficacy in reducing dengue due to all four serotypes in two-thirds of the study participants 9 years and older and also documents the ability of the vaccine to prevent 8 out of 10 hospitalizations and up to 93% of severe dengue cases in this age group during the 25 month follow-up phase of the studies. [iii]

An integrated safety analysis was recently documenting Dengvaxia’s satisfactory safety profile comparable to placebo during the late stage clinical study program involving around 30,000 participants from 15 countries. In addition, the results of this analysis documented that the vaccine provided beneficial protection against hospitalization due to dengue and severe dengue for up to 4 years post dose 1 of vaccination compared to placebo in the study population 9 years and older. [iv]

Sanofi Pasteur Dengue Vaccine is the first vaccine licensed for the prevention of dengue in the world. The vaccine is supplied from a dedicated production site in France.

Additional information about Sanofi Pasteur’s dengue vaccine is available on the web at http://www.dengue.info.

About Sanofi

Sanofi, a global healthcare leader, discovers, develops and distributes therapeutic solutions focused on patients’ needs. Sanofi is organized into five global business units: Diabetes and Cardiovascular, General Medicines and Emerging Markets, Sanofi Genzyme, Sanofi Pasteur and Merial. Sanofi is listed in Paris (EURONEXT: SAN) and in New York (NYSE: SNY).

Sanofi Pasteur, the vaccines division of Sanofi, provides more than 1 billion doses of vaccines each year, making it possible to immunize more than 500 million people across the globe. A world leader in the vaccine industry, Sanofi Pasteur produces a portfolio of high quality vaccines that matches its areas of expertise and meets public-health demand. The company’s heritage, to create vaccines that protect life, dates back more than a century. Sanofi Pasteur is the largest company entirely dedicated to vaccines. Every day, the company invests more than EUR 1 million in research and development. For more information, please visit: http://www.sanofipasteur.com or http://www.sanofipasteur.us

Sanofi Forward-Looking Statements

This press release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, as amended. Forward-looking statements are statements that are not historical facts. These statements include projections and estimates and their underlying assumptions, statements regarding plans, objectives, intentions and expectations with respect to future financial results, events, operations, services, product development and potential, and statements regarding future performance. Forward-looking statements are generally identified by the words “expects”, “anticipates”, “believes”, “intends”, “estimates”, “plans” and similar expressions. Although Sanofi’s management believes that the expectations reflected in such forward-looking statements are reasonable, investors are cautioned that forward-looking information and statements are subject to various risks and uncertainties, many of which are difficult to predict and generally beyond the control of Sanofi, that could cause actual results and developments to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. These risks and uncertainties include among other things, the uncertainties inherent in research and development, future clinical data and analysis, including post marketing, decisions by regulatory authorities, such as the FDA or the EMA, regarding whether and when to approve any drug, device or biological application that may be filed for any such product candidates as well as their decisions regarding labelling and other matters that could affect the availability or commercial potential of such product candidates, the absence of guarantee that the product candidates if approved will be commercially successful, the future approval and commercial success of therapeutic alternatives, Sanofi’s ability to benefit from external growth opportunities and/or obtain regulatory clearances, risks associated with intellectual property and any related pending or future litigation and the ultimate outcome of such litigation, trends in exchange rates and prevailing interest rates, volatile economic conditions, the impact of cost containment initiatives and subsequent changes thereto, the average number of shares outstanding as well as those discussed or identified in the public filings with the SEC and the AMF made by Sanofi, including those listed under “Risk Factors” and “Cautionary Statement Regarding Forward-Looking Statements” in Sanofi’s annual report on Form 20-F for the year ended December 31, 2015. Other than as required by applicable law, Sanofi does not undertake any obligation to update or revise any forward-looking information or statements.

[i]

Denizar V A, et al. Jornal Brasileiro de Economia da Saude Brazilian Journal of Health Economics ABRIL 2016, VOLUME 8, NUMERO 1 | APRIL 2016, VOLUME 8, NUMBER 1

[ii]

(http://www.who.int/wer/2016/wer9130.pdf?ua=1)

[iii]

Hadinegoro SR, et al. N Engl J Med 2015; 373:1195-206

[iv]

Safety overview of a recombinant live-attenuated tetravalent dengue vaccine: pooled analysis of data from 18 clinical trials.Gailhardou et al PLoS Negl Trop Dis. 2016 Jul 14;10(7):e0004821. doi: 10.1371/journal.pntd.0004821

Source: Sanofi
Related stocks: EuronextParis:SAN NYSE:SNY
Related Links:
http://en.sanofi.com/index.aspx

Written by asiafreshnews

August 15, 2016 at 12:15 pm

Posted in Uncategorized

Rohde & Schwarz Awarded Major Security Scanner Contract by German Federal Ministry of the Interior

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MUNICH /PRNewswire/ —

In July 2016, the Procurement Office of the German Federal Ministry of the Interior signed a framework agreement with Rohde & Schwarz for 300 R&S QPS200 security scanners. The new instruments can now be used everywhere that the German Federal Police Force performs security checks.

The three-year framework agreement encompasses 300 systems plus accessories and service. As the security scanners of choice for security checks based on millimeter-wave technology, the German Federal Police will use the instruments for passenger screening at airports throughout Germany. The scanners can also be used for security access control in other places, such as in ministries, for example.

Rohde & Schwarz has successfully entered a new business field with the R&S QPS. The millimeter-wave technology is based on the company’s many years of expertise in developing globally leading T&M equipment. The security scanner automatically detects potentially dangerous metallic and non-metallic objects under clothing or on the body. A detected object is identified on a symbolic graphic of the human body, preserving the privacy of the individual being scanned. There is no health hazard associated with the R&S QPS transmit power, which is hundreds or even thousands of times lower than that of a mobile phone. Scanning comfort is also improved since the individual being scanned simply stands in front of the scanner with their arms held slightly away from the body.

The security scanners have been certified by the European Civil Aviation Conference (ECAC) and thoroughly tested for suitability by the Federal Police. This framework agreement represents Rohde & Schwarz’s largest order for security scanners to date. Additional orders from other countries in Europe and around the world have already been received.

Contact: Christian Mokry, Tel.: +49-89-4129-0, E-mail: press@rohde-schwarz.com

Source: Rohde & Schwarz

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August 15, 2016 at 12:15 pm

Posted in Uncategorized

CWT Reports 1H2016 Net Operating Profit of S$36.8 Million

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SINGAPORE /PRNewswire/ — CWT Limited (SGX:C14) (“CWT” or the “Group”), a leading provider of integrated logistics solutions and Singapore’s largest home-grown logistics provider, today announced earnings for its second quarter and half year ended 30 June 2016 (respectively “2Q2016” and “1H2016”).

For 2Q2016, CWT reported revenue of S$2.4 billion, gross profit of S$67.1 million, operating profit before tax of S$18.2 million and net operating profit of S$13.7 million. During the quarter, CWT posted diluted earnings per share of 2.27 cents.

For 1H2016, the Group reported revenue of S$4.2 billion, gross profit of S$150.7 million, operating profit before tax of S$51.8 million and net operating profit of S$36.8 million. During the half year, CWT posted diluted earnings per share of 6.22 cents.

Financial highlights

In S$’000 unless otherwise stated

2Q2016

2Q2015

% Change

+/(-)

1H2016

1H2015

% Change

+/(-)

Revenue

2,366,495

2,793,339

(15)

4,242,016

4,974,379

(15)

Gross Profit

67,098

75,520

(11)

150,716

158,929

(5)

Operating Profit before tax

18,176

30,112

(40)

51,799

64,096

(19)

Taxation

(3,184)

(4,779)

(33)

(12,243)+

(8,942)

37

Profit after tax

14,992

27,817

(46)

40,069

57,864

(31)

Net Operating PATNCI

13,653

23,685

(42)

36,830

52,701

(30)

Net Profit Attributable to Owners

13,653

26,169

(48)

37,343

55,411

(33)

Earnings per ordinary share (cents)

2.27

4.36

(48)

6.22

9.23

(33)

NAV per ordinary share (cents)

134.7*

132.3**

2

+ Includes $4.2 million withholding tax on dividend received from an overseas subsidiary in first quarter 2016 (“1Q2016”)

* As at 30 June 2016

** As at 30 June 2015

As at 30 June 2016, cash and cash equivalents totalled S$288.7 million. The Group ended the half year with NAV per ordinary share of 134.7 cents, total assets of S$4.8 billion and total equity of S$835.5 million.

Performance highlights

The Group’s revenue decreased by 15% in both 1H2016 and 2Q2016 over the previous corresponding periods mainly due to lower commodity trading volume notably in naphtha and a general drop in commodity prices, arising from the global downturn in the commodity sector.

Gross profit decreased by 5% in 1H2016 and 11% in 2Q2016 due to significant unrealised mark-to-market accounting losses registered in both financial periods in relation to Commodity Marketing business which practises hedging against commodity price risk. During the reported periods, the increase in certain commodity prices resulted in unrealised mark-to-market losses of the hedges being recognised in the income statement. However, there was no recognition of mark-to-market gain on the corresponding inventory which was stated at lower of cost or net realisable value. This resulted in a negative impact of S$17.1 million on the profit for 1H2016.

Profit after tax decreased by 31% to S$40.1 million in 1H2016 and 46% to S$15.0 million in 2Q2016 mainly due to lower gross profit as explained above coupled with withholding tax incurred in 1Q2016 for foreign dividends received and higher interest expense utilised for financial services activities. Excluding the above-mentioned unrealised mark-to-market accounting losses and the withholding tax, profit after tax for 1H2016 would have been S$61.3 million, up 6% over the previous corresponding period.

Meanwhile, Logistics Services business and Financial Services business performed better with higher net profit whilst Engineering Services business declined with less project income for the second quarter and half year ended 30 June 2016.

Logistics capacity expansion update

Construction of CWT mega integrated logistics hub is on track to complete by first half 2017.

About CWT

CWT is a leading provider of integrated logistics and supply chain solutions. Our business is about connecting world trade. We move, build and power customers’ supply chain forward. We combine our logistics capabilities, global network and resources to add value for customers. CWT Group also provides commodity marketing, financial and engineering services ancillary to its core logistics business. For more information, visit http://www.cwtlimited.com.

Editor’s note:

This media release should be read in conjunction with CWT’s unaudited financial statement for the second quarter and half year ended 30/6/2016 issued in the results announcement dated 12 August 2016 on the SGXNET.

For more information, contact:

CWT Limited

Lynda GOH

Johan LIM

Deputy Group CEO & Group CFO

Senior Manager, Corporate Communications

Tel: (65) 6307 8338

Tel: (65) 6307 8018

Fax: (65) 6261 2373

Fax: (65) 6261 2373

Email: shlynda@cwtlimited.com

Email: cbjohan@cwtlimited.com

Source: CWT Limited
Related stocks: Singapore:C14
Related Links:
http://www.cwtlimited.com

Written by asiafreshnews

August 15, 2016 at 12:10 pm

Posted in Uncategorized

Revenue Strategy Forum Hong Kong to Prepare Hoteliers with Revenue Strategies for Future Market Conditions – from Robust Growth to the Next Industry Downturn

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-Expanded event explores data-driven revenue strategies to help hotels thrive in a volatile competitive landscape
HONG KONG and NEW YORK /PRNewswire/ — The leading minds in hotel Revenue Strategy will convene 22 September for the second annual Revenue Strategy Forum (RSF) Hong Kong, to discuss ways hotels can optimize their pricing and distribution in all market environments, especially in preparation for an inevitable dip in the industry cycle. Hotel ICON will host the daylong conference, which will feature insights from leading hotel executives and the founders of co-host Duetto.

With hotels challenged by the continued growth of third-party intermediaries and the further commoditization of the hospitality industry, more than 100 of the industry’s leading practitioners from the fields of revenue management, marketing, sales and distribution will meet to discuss how all hotel stakeholders — GMs, DORMs, sales and marketing leaders, owners and asset managers — can implement revenue strategies to tackle current and future distribution complexities.

The event combines education, networking and high-level information exchange among an anticipated group of more than 100 hotel senior executives from brands, ownership groups, management companies and respected industry leaders who are responsible for increasing revenue and optimizing demand.

“Entering its second year in Asia, RSF has quickly become a critical program to develop new ideas that will shape the future of hospitality,” said Patrick Bosworth, Co-founder and CEO of Duetto. “We are excited to expand this forum to bring even more innovation forward and develop new revenue strategies alongside hotel owners, asset managers and brands.”

EVENT HIGHLIGHTS

KEYNOTE: Break the Cycle and Win the Next Downturn
Patrick Bosworth outlines specific revenue strategies that will sustain hotels’ success through good times and bad by outperforming the competitive set and taking market share.
GENERAL SESSION: Digital Disruption and the Intensified Battle for Bookings
Are loyalty-led direct booking efforts sustainable? A panel of senior executives addresses this and the overall state of the digital marketplace.
MASTERCLASS: Mastering Revenue Management
Marco Benvenuti, Co-founder of Duetto, leads an intensive course in revenue management that combines theoretical principles with practical examples, using Hong Kong and Hotel ICON as a case study.
Registration https://www.eventbrite.com/e/revenue-strategy-forum-hong-kong-tickets-26358733682 is now open. Early Bird pricing is $299 until 19 August, $499 after.

About Duetto
Duetto delivers the most powerful Revenue Strategy solutions to the world’s leading hotels and casinos, allowing them to better manage pricing, revenue and business-mix decisions with superior, actionable data. The unique combination of hospitality experience and technology leadership enables Duetto to provide new insights on pricing and demand as a true cloud-based software-as-a-service. With solutions that address the challenges of today’s distribution landscape, Duetto’s applications are a GameChanger — optimizing profit and guest loyalty. More than 1,000 hotels and casinos in more than 50 countries have partnered to use Duetto’s Revenue Strategy solutions.

About Hotel ICON:

A luxury Hong Kong hotel that takes a new look at hospitality, Hotel ICON is all about individuality and a celebration of Hong Kong’s finest. Passion for local culture — art, design, fabulous food and a modern sparkle packaged up with perfect service — and an undeniably international style reflected throughout every aspect of service are what make Hong Kong and Hotel ICON unique. The ambience here is familiar and comfortable — the perfect balance of high style and traditional hospitality — exciting yet informal, responsive and passionate. This hotel in Tsim Sha Tsui, Kowloon, reflects the true essence of Hong Kong.

Hotel ICON is a very special hotel with an equally special purpose: Not only does it embody all the creative energy and spirit of Hong Kong, it’s a “learning environment” on which the aspirations of future hoteliers come to life as part of The Hong Kong Polytechnic University and an extension of its School of Hotel and Tourism Management (SHTM).

Contact: Michael Frenkel, MFC PR – New York
For RSF
+1 (201) 317-7035
michael@mfcpr.com

Source: Duetto

Written by asiafreshnews

August 15, 2016 at 12:05 pm

Posted in Uncategorized

Traveloka Ranked First in “One to Watch” Category at BrandZ(TM) Top 50 Most Valuable Indonesian Brands in 2016

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JAKARTA, Indonesia /PRNewswire/ — Traveloka, Indonesia’s leading on the go lifestyle booking platform, received BrandZ™ 1st place award in the ‘One to Watch’ category, released by WPP and Millward Brown. Traveloka won the award for its highest Brand Potential score among private online and tech brands in Indonesia with 33% potential future growth. On the second place, marketplace e­commerce Tokopedia accounts for 22% followed by Bukalapak in third place with 15%.

Dannis Muhammad, Head of Marketing Traveloka Receives BrandZ Award
Dannis Muhammad, Head of Marketing Traveloka Receives BrandZ Award
Millward Brown’s research methodology use Brand Contribution score as an assessment technique on how effectively a brand differentiates itself from its competitors, generates desire and cultivates loyalty. There are three factors that go into the measuring of Brand Contribution: Meaningful, Different, and Salient. Based on Millward Brown’s recent research, there has been an explosion in the number of digital commerce brands in the past two years, and many are causing severe disruption in their categories. Traveloka emerged the brand that dominates its sector with more than 60% Brand Contribution score.

Traveloka is considered to have already nurtured the bond and connections to its consumers successfully, as the brand was featured as one of the Top 20 Most Meaningful Brands in Indonesia with the score of 168 (the average score of all brands globally is 100). It means that most of the consumers have an affinity with Traveloka and also think Traveloka meets their needs.

Dannis Muhammad, Head of Marketing Traveloka said, “Enabling a reliable and complete online booking service for high mobility lifestyle has become the key of success for our brand to thrive in a fast­changing industry. To deliver that, we focus on providing the best end­-to-­end customers experience.”

About Traveloka

Traveloka is Indonesia’s leading on the go lifestyle booking platform. The Jakarta­-based company was founded by several Indonesian technology information practitioners with years working experiences at tech companies in the United States of America. Traveloka is the first national company in Asia that receives a Series A funding from Global Founders Capital and East Ventures.

Traveloka can be accessed through desktop, mobile web, and mobile application (Android and iOS) anytime and anywhere. Currently, Traveloka has established partnerships with more than 50 domestic and international airlines, serving more than 100,000 different routes throughout Asia Pacific and Europe. Traveloka has listed more than 100,000 of hotels worldwide. A secure payment system, various payment methods, an easy user experience, a 24 hours call center service, also the everyday low and transparent price without booking fees are the key services that Traveloka offers to customers, enabling a mobility lifestyle.

For more information about Traveloka, visit http://www.traveloka.com or follow us on Facebook (https://www.facebook.com/Traveloka) ,Instagram (https://instagram.com/traveloka), and Twitter (https://twitter.com/traveloka). Traveloka mobile app is available on Play Store and iTunes App Store.

Media contact:
Busyra Oryza
Communications Executive
busyra@traveloka.com / press@traveloka.com / +62-21-2977-5800

Photo – http://photos.prnasia.com/prnh/20160812/8521605146
Logo – http://photos.prnasia.com/prnh/20160531/8521603511LOGO

Source: Traveloka
Related Links:
http://www.traveloka.com

Written by asiafreshnews

August 15, 2016 at 11:36 am

Posted in Uncategorized

Asian Beauty Standards and Products Make Way for Innovation and Influence Markets in the West

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-Beauty Expo in Kuala Lumpur tones-up to meet latest beauty trends in Asia and the West

KUALA LUMPUR, Malaysia /PRNewswire/ — From BB (blemish balm) creams, CC (colour correction) creams, serums, essences, ampoules, sea weed face masks, scrubs to topical gels with botulinum, lips and hair shading, cosmetic eyebrow embroidery and tattoo, beauty trends and products from Asia are setting the tone for the evolving beauty industry and increasingly claiming a significant market share of the beauty business in Asia and in the West. According to Euromonitor International by the year 2019, 80% of global skincare revenue gain will come from Asia. The consumer patterns in the region are influenced by K-Beauty (Korean Beauty) and Japanese beauty trends with more and more Asian consumers that traditionally favoured western cosmetics are now looking at Asian products with greater inclination for innovative products. The influence of Asian products in the West is now greater than ever with many Korean and Japanese products, and these products are not just limited to hair and make-up but also include nail care, wellbeing and spa products, toiletries & personal care, and nature health products.

Asian beauty standards and products make way for innovation and influence markets in the West
Asian beauty standards and products make way for innovation and influence markets in the West

UBM Asia, organisers of Beauty Expo 2016 which will be held in Kuala Lumpur from 14-17 October at the Kuala Lumpur Convention Centre, has announced exciting plans to include many new exhibit zones, product categories and segments, competitions and technical seminars to meet the needs of this dynamic industry. First up, the event has announced plans to include a new exhibit zone ‘Health and Wellness Zone’ for the progressive ‘new healthy’ market which will include a range of products such as vitamins, nutrition, antioxidants, age-based nutrition, energy and stamina, weight management, and fortified foods and beverages. The event will also feature for the first time a dedicated pavilion for Halal and Bumiputera manufactured cosmetics and beauty products. Given the rise in face embroidery practices in the region, the trade show will also host a Beauty Face Embroidery competition to create a platform on which aspiring artist can practice and showcase their craft to develop a credible and respected career as a professional face art artist. With all this and many other exciting show floor features, the organisers of the event are set to offer its attendees an event bigger than ever before offering a range of learning and networking opportunities.

Beauty Expo 2016 is supported by BUHA (Bumiputera Hairdressing Association) and MBMUAA — the Malaysian Bumiputera Make Up Artist Association. BUHA, officially launched by Datuk Natalingi (Timbalan Menteri KKLW) and was setup with the aim of carrying out activities to promote, grow and upgrade the positive images of hairdressing profession especially for BUMIPUTERA for more profitable, productive and respectable industry. Committee members of BUHA include top Malaysian hairdressers.

“We are thrilled to hear that Beauty Expo 2016 has recognised the significance of Bumiputera products and talent in the industry and in Malaysia. The foresight of the organisers will provide hairdressers with the ideal opportunity to display their creativity and take advantage of sharing the spotlight with other leading industry figures present on the show floor. We are confident about the potential Beauty Expo has for the industry we operate it and the industry players it attracts,” commented Mr Bambang Soteto, President from BUHA.

“We hope through Beauty Expo 2016 as the platform it would be a perfect venue for the audience and MBMUAA to explore new opportunities for our members to showcase their talent and product. It is a brilliant starting point or all parties to keep a great collaborating relationship between the film, cosmetics and beauty industry enthusiasts. We are hoping to create a multi talented and multi skill make up artist, and then able to transform themselves in becoming an outstanding entrepreneur,” added Puan Rose JR, President of Malaysian Bumiputera Make Up Artist.

The Malaysian Bumiputera Make Up Artist Association was setup to support the genuine vision and mission to uplift the dignity of the makeup industry and also to raise the standards of make-up education around the world in order to be an industry that is deemed equivalent to other professions. Founded by Rose JR, MBMUAA President and highly supported by The Iron Lady of Malaysia, Datuk Wira Dr. Maznah Hamid as the Patron, the association strives to build a platform to unite Bumiputera Make Up Artist that are competitive and hold positive values.

Beauty Expo is the the leading and longest running event for the beauty industry in Malaysia and the region, participants at the 2016 edition of Beauty Expo will be able to experience more than just a trade show. With over 500 participating brands representing over 12 countries, bringing together the very best in beauty and wellness products from skincare products, cosmetics, nail care, bath, body and oral hygiene to packaging, ingredients, machinery and accessories. The event attracts over 17,000 visitors annually including wholesalers, distributors, agents and retailers of beauty and related products, owners of beauty salons, hair salons, nail salons and spas, stylists, make-up artists, beauty consultants, therapists, dermatologists, pharmacists and aesthetic doctors, sourcing managers, procurement heads, R&D managers and purchasing managers, and many others. For more information visit http://www.beautyexpo.com.my

About UBM Asia — the show organiser (www.ubmasia.com)

Owned by UBM plc listed on the London Stock Exchange, UBM Asia is the largest trade show organiser in Asia and the largest commercial organiser in China, India and Malaysia. Established with its headquarters in Hong Kong and subsidiary companies across Asia and in the US, UBM Asia has a strong global network of 30 offices and 1,300 staff in 24 major cities. We operate in 20 market sectors with 230 exhibitions and conferences, 23 trade publications, 20 online products for over 1,000,000 quality exhibitors, visitors, conference delegates, advertisers and subscribers from all over the world.

For media enquiries please contact June Loh at june.loh@ubm.com

June Loh — Project Manager
Tel: +603-2176-8788 (ext. 8700)
Email: june.loh@ubm.com

Photo – http://photos.prnasia.com/prnh/20160812/8521605122
Logo – http://photos.prnasia.com/prnh/20160812/8521605122logo
Logo – http://photos.prnasia.com/prnh/20150730/8521504987LOGO

Source: Beauty Expo 2016
Related Links:
http://www.beautyexpo.com.my

Written by asiafreshnews

August 15, 2016 at 11:31 am

Posted in Uncategorized

RS Components Adds New Logic Controllers to RS Pro Range

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-RS Pro logic controllers are competitively priced and ideal for fulfilling the control needs of diverse industrial applications

SINGAPORE /PRNewswire/ — RS Components (RS), the trading brand of Electrocomponents plc (LSE:ECM), the global distributor for engineers, has extended its portfolio of high-quality own-brand products with the RS Pro range of logic controllers, which offer affordable basic control for applications such as packaging machines, light control, home automation and filling systems.

The RS Pro range is attractively priced below the branded equivalents and consists of four controllers in variants with 12/24V DC and 110/240V AC both with and without an integrated display.
The RS Pro range is attractively priced below the branded equivalents and consists of four controllers in variants with 12/24V DC and 110/240V AC both with and without an integrated display.

Intelligent and communicative devices such as logic controllers are essential to build up smart factories, and almost every application in the industry uses a PLC or logic controller to provide the brains, which allows communication within the system and to communicate to a wider network. Logic controllers are designed for small applications in building maintenance, but are also used to control small applications in industry. Compared to a standard PLC, a logic controller usually comes with a reduced number of I/Os and a limited amount of function blocks in the software. A logic controller also has the capability to replace several relays, timers or counters by combining all functions into one unit.

The RS Pro range is attractively priced below the branded equivalents and consists of four controllers in variants with 12/24V DC and 110/240V AC both with and without an integrated display. Two associated expansion modules are also available, which provide the control unit with additional I/Os (eight inputs and four outputs) and two companion RS485 communication modules that allow communication with external devices such as HMIs, as well as being suitable for integration into existing systems.

The logic controllers and the expansion modules also feature a robust housing that provides the option to mount the devices on a DIN rail to allow easy installation in switch cabinets and junction boxes.

The range also includes a logic module USB programming cable that supports the upload of programs from a PC and a memory module that allows the easy cloning of programs on to other RS Pro controllers without a PC. RS also provides graphical programming software available as a free download; customers are thereby not forced to pay licence fees.

The new RS Pro logic controllers will benefit maintainers, machine and panel builders, OEMs, process and building automation companies, as well as buyers concerned with finding effective good value alternatives to control a system or small applications while reducing overall costs. RS Pro logic controllers are also perfect for students and young engineers to start to learn how to program industrial PLCs.

The RS Pro range of products offers customers a combination of quality, performance and value, backed by the RS Seal of Approval, representing leading industry standards for audit, inspection, test and certification.

About RS Components

RS Components and Allied Electronics are the trading brands of Electrocomponents plc, the global distributor for engineers. With operations in 32 countries, we offer more than 500,000 products through the internet, catalogues and at trade counters to over one million customers, shipping more than 44,000 parcels a day. Our products, sourced from 2,500 leading suppliers, include electronic components, electrical, automation and control, and test and measurement equipment, and engineering tools and consumables.

Electrocomponents is listed on the London Stock Exchange and in the last financial year ended 31 March 2016 had revenues of GBP1.29bn.

For more information, please visit the website at http://www.rs-online.com.

Further information is available via these links:
Twitter: @RSComponents; @alliedelec; @designsparkRS
RS Components on Linkedin: http://www.linkedin.com/company/rs-components

Other Relevant Links:

Electrocomponents plc: http://www.electrocomponents.com
RS Components: http://www.rs-online.com
DesignSpark: http://www.designspark.com

Photo – http://photos.prnasia.com/prnh/20160810/8521605092
Logo – http://photos.prnasia.com/prnh/20150818/8521505364LOGO

Source: RS Components
Related stocks: LSE:ECM OTC-PINK:EENEY
Related Links:
http://sg.rs-online.com/web/

Written by asiafreshnews

August 15, 2016 at 10:19 am

Posted in Uncategorized