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Emerging Markets Power Smartphone Sales

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NUREMBERG, Germany /PRNewswire/ —

New connected consumers in emerging markets, especially rural China, continued to drive smartphone growth in 2Q16
Resilient mid- to high-end sales drive GfK to upgrade its 2016 smartphone market value forecast to USD 426 billion
No immediate impact in the UK from Brexit
Analysis of the latest smartphone sales trends has prompted GfK to upgrade its forecast for the year. Full year global smartphone sales value in 2016 has been increased from USD 400.7 billion to USD 426 billion, up five percent year-on-year. The cause is strong sales of mid-range to high-end units which has reversed the previous trend of low-end (<USD 100) share gains.

Smartphone sales 2Q 2015 vs. 2Q 2016

Units sold (in mil.)

Sales value (in billion USD)

2Q15

2Q16

Y/Y % change

2Q15

2Q16

Y/Y % change

Western Europe

30.2

29.8

-1%

11.7

12.2

4%

Central & Eastern Europe

15

16.8

12%

3.2

3.7

16%

North America

44.5

41.9

-6%

17.8

16

-10%

Latin America

25.4

23.4

-8%

6.3

6.9

10%

Middle East & Africa

39.1

40.9

5%

10.4

10.7

3%

China

88.8

109.7

24%

26.9

32.4

20%

Developed APAC

16.7

16.6

-1%

9.5

9.6

1%

Emerging APAC

49.1

51

4%

8.1

8.2

1%

Global

308.8

330.1

6.9%

93.9

99.7

6.2%

Source: GfK Point of Sales (POS) Measurement data in 90+ markets, August 2016

Kevin Walsh, director of trends and forecasting at GfK comments, "Volume growth is coming from many emerging markets, especially a resurgent China, but also Emerging Asia and Africa. We need to look beyond sales in the major cities and the shipments of global manufacturers to reveal this strong growth – since it is consumers in rural areas driving this demand. With China being a key part of the trend, it is not surprising that it is local vendors who are benefitting the most."

North America: Consumers delaying upgrades to 4Q

Here smartphone demand totalled 42 million units in 2Q16, down five percent quarter-on-quarter and six percent year-on-year. Previous drivers of demand, such as the migration from feature to smartphone and 3G to 4G, are having less of an impact now that the high growth phase is over. In addition, churn rates have fallen in response to carrier's retention strategies, including family plans.

The market will need to wait until 4Q for the next incremental driver of growth. It is in the last quarter of the year that major product launches are expected to have a higher impact, compared to 2015. Consumers that have been waiting for big launches will be ready to invest in upgrades.

Western Europe: Brexit fails to bite

Smartphone demand totalled 30 million in 2Q16, a fall of one percent quarter-on-quarter and also of one percent year-on year. The decline was felt most sharply in Spain, where demand declined 11 percent year-on year. This fall was a response to the country's three leading operators raising their annual tariffs by an average of EUR 30. In the UK, demand declined two percent year-on-year in 2Q, showing no immediate impact from the vote in June to leave the European Union. Declines in these two countries were partially offset by three percent growth in France and one percent growth in Germany.

The share of demand for devices sized 5" and above increased significantly from 38 percent in 2Q15 to 60 percent in 2Q16. Correspondingly, the share of demand for high-end smartphones (USD 500+) increased from 31 percent in 2Q15 to 35 percent in 2Q16, with unit growth of 12 percent year-on-year. GfK forecasts that smartphone demand in the region will decline to 134 million units in 2016, a drop of one percent year-on-year.

Central and Eastern Europe: Growth finally returns to Russia and Ukraine

Smartphone demand hit 17 million units in 2Q16, down one percent quarter-on-quarter and up 12 percent year-on-year. Russia was a key driver of growth, up 12 percent year-on-year, following five quarters of decline. A release of pent-up demand in Ukraine lead to strong growth of 35 percent year-on-year following six consecutive quarters of decline. GfK forecasts that smartphone demand in the region will increase to 77 million units in 2016, up eight percent year-on-year.

Latin America: Brazil woes continue as Argentina remains buoyant

Here smartphone demand reached 23 million units in 2Q16, up five percent quarter-on-quarter, but down eight percent year-on-year. This regional decline was due to a fall in demand of 20 percent year-on-year in Brazil. Growth in Argentina remained high at 58 percent year-on-year, still buoyed by the removal of import restrictions in December last year. GfK forecasts that demand in the region will decline to 94 million units in 2016, a drop of 11 percent year-on-year.

Middle East and Africa: Saudi Arabia depresses regional growth

Here smartphone demand reached 41 million units in 2Q16, down two percent quarter-on-quarter, whilst year-on-year growth slowed to five percent. In Saudi Arabia, on-going macroeconomic weakness caused demand to decline by 24 percent year-on-year in 2Q. This decline offset growth of 19 percent in Egypt and 15 percent year-on-year in South Africa. GfK forecasts that smartphone demand in the region will grow to 176 million units in 2016, up nine percent year-on-year.

China: Rural sales drive highest growth for over two years

Smartphone demand totalled 109.7 million in 2Q16, giving a flat quarter-on-quarter, while growing 24 percent year-on-year. This year-on-year growth improved from 19 percent in 1Q16 and is the highest seen for over two years. The strong growth was driven primarily by continued operator subsidies (which began in early 2016), which helped drive strong 4G smartphone adoption in the smaller cities. Local brands have benefitted from growth outside the major cities, seeing their share of the country's smartphone market increase from 74 percent in 2Q15 to 81 percent in 2Q16.

The shift to larger screen sizes continued, with 5"+ share increasing to 83 percent in the quarter, an impressive growth from 63 percent in 2Q15. GfK forecasts that smartphone demand growth in China will moderate in the second half of the year, bringing 2016 to 439 million units, up 14 percent year-on-year.

Developed APAC*: Australian demand declines year-on-year

17 million units were sold in 2Q16, down 12 percent quarter-on-quarter and one percent year-on-year. Demand declined nine percent year-on-year in Australia but grew two percent in Japan in the same period. GfK forecasts that demand in the region will total 72 million units in 2016, a decline of one percent year-on-year.

Emerging APAC*: Philippines and Vietnam post strong unit sales

Strong growth in both the Philippines (37 percent year-on-year) and Vietnam (11 percent year-on-year) helped the region grow overall demand by three percent quarter-on-quarter and four percent year-on-year to 51 million units. Indonesia saw a mild decline of 0.3 percent. GfK forecasts that demand in the region will reach 213 million units in 2016, a growth of five percent year-on-year.

Smartphones: 2015 sales vs. 2016 forecast

Units sold (in mil.)

2015

2016

Y/Y percent

sales

forecast

change

Western Europe

135.4

133.6

-1%

Central & Eastern

Europe

71.5

77.1

8%

North America

190.1

188.8

-1%

Latin America

106.5

94.3

-11%

Middle East & Africa

162.1

176.4

9%

China

385.3

438.6

14%

Developed APAC

73.4

72.4

-1%

Emerging APAC

201.8

212.5

5%

Global

1,326.1

1,393.7

5.1%

Sales value (in billion USD)

2015

2016

Y/Y percent

sales

forecast

change

Western Europe

52.9

54.2

2%

Central & Eastern

Europe

14.5

15.9

10%

North America

77.7

76.6

-1%

Latin America

26.3

27

3%

Middle East & Africa

42.4

44.4

5%

China

116.2

132.1

14%

Developed APAC

43

42.5

-1%

Emerging APAC

33

33.2

1%

Global

406.0

425.9

4.9%

Source: GfK Point of Sales (POS) Measurement data in 90+ markets for calendar year 2015 and GfK forecasts for calendar year 2016, as at August 2016.

Arndt Polifke, global director of telecom products at GfK concludes, "The smartphone market expanded yet again in 2Q16. This is despite many headwinds, demonstrating the underlying strength of the sector. Later this year, new product launches will further bolster demand. Further ahead, innovations such as extended battery life and foldable displays will support growth, as we progress towards 5G upgrades near the end of the decade."

Note to editors

GfK forecasts end-demand consumer purchases rather than manufacturer shipments. Market sizes are built up by point-of-sale (POS) tracking in 90+ markets with updates on a weekly and monthly basis. For the US, GfK employs proprietary market modeling and consumer research rather than POS to produce its market forecasts. Values are based on unsubsidized retail pricing. Data is available quarterly and the next data set is due in November 2016.

GfK continually works to ensure its panel data is as accurate a reflection of the end market as possible. When a change is made to the number of participants in our panel, GfK will amend historical data to better reflect the impacted end market. For example, when a new retailer joins, the addition of their historic sales may lead to slight adjustments to actual data.

*Countries included in Developed/Emerging APAC in this release:

Developed APAC:

Emerging APAC:

Australia

India

Hong Kong

Indonesia

Japan

Kampuchea (Cambodia)

New Zealand

Malaysia

Singapore

Philippines

South Korea

Thailand

Taiwan

Vietnam

About GfK

GfK is the trusted source of relevant market and consumer information that enables its clients to make smarter decisions. More than 13,000 market research experts combine their passion with GfK's long-standing data science experience. This allows GfK to deliver vital global insights matched with local market intelligence from more than 100 countries. By using innovative technologies and data sciences, GfK turns big data into smart data, enabling its clients to improve their competitive edge and enrich consumers' experiences and choices.

For more information, please visit http://www.gfk.com or follow GfK on Twitter: https://twitter.com/GfK

Responsible under press legislation:

GfK SE, Global Communications
Jan Saeger
Nordwestring 101
90419 Nuremberg
Germany
T +49-911-395-4440
press@gfk.com

Wes Rogers
Public Relations
T +44-203-287-3262
T +1-912-506-0869
wes@greenfieldscommunications.com

Source: GfK

Written by asiafreshnews

August 22, 2016 at 4:07 pm

Posted in Uncategorized

Canadian Medical Technology Company LABORIE to Become New Subsidiary

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TORONTO /PRNewswire/ — Patricia Industries, a part of Investor AB, has signed an agreement with Audax Private Equity to acquire the Canadian medical technology company LABORIE, which focuses on the diagnosis and treatment of urologic and gastrointestinal disorders that affect the daily lives of millions.

LABORIE was founded in 1967 and has grown organically and through acquisitions from a leading manufacturer of capital equipment for urodynamic testing into a fully-integrated medical device company with a market-leading position in urology and a rapidly growing gastroenterology business. LABORIE has an attractive, asset-light business model with a high share of its revenue derived from recurring sales of proprietary consumables.

LABORIE’s global manufacturing, development and commercialization capabilities create a solid platform for growth through organic and non-organic expansion in core and adjacent markets, new geographies and further expansion beyond diagnostics into therapeutic products. LABORIE will continue to be run by its current management team, which will remain part-owners of the company.

LABORIE will be the most recent addition to the Patricia Industries portfolio of high-quality growth companies, whose other healthcare holdings include Mölnlycke Health Care, Permobil, Aleris and BraunAbility.

Fiscal year 2016 (ending March) sales were USD 117 million with strong profitability. Additional financial information about LABORIE, including the acquisition price, will be disclosed upon completion of the acquisition.

“LABORIE will be a strong addition to Patricia Industries and marks another step in our strategy to continue to build our portfolio of wholly-owned subsidiaries in the Nordics and in North America,” comments Investor CEO Johan Forssell.

The acquisition of LABORIE is Patricia Industries’ first Canadian acquisition and the second in North America since the inception of Patricia Industries in 2015. LABORIE will be a new subsidiary managed out of the New York office.

“LABORIE has successfully developed into a high-quality and highly regarded provider of diagnostics products that help a vast number of people improve their daily lives, and its culture and values fit very well with those of Patricia Industries and Investor. Drawing from our experience and global network within healthcare products and services, we believe that Patricia Industries is well-positioned to support LABORIE in its continued progress in a number of areas. We look forward to working together with LABORIE’s dedicated management and employees to advance the company’s position further, to the benefit of its customers, employees and owners,” comments Börje Ekholm, CEO of Patricia Industries.

“We are excited to partner with Patricia Industries for the next phase of our growth,” comments LABORIE President and CEO Brian Ellacott. “LABORIE is the global leader in improving quality of life for patients suffering from urologic and gastroenterology disorders. This investment will allow us to continue to expand our global footprint as well as develop and bring to market innovative new products that will improve outcomes for patients.”

The acquisition is subject to approval by the relevant competition authorities. Closing is expected during the third quarter 2016.

Patricia Industries, a part of Investor AB, makes control investments in best-in-class companies with strong market positions, brands and corporate cultures within industries positioned for secular growth. Our ambition is to be the sole owner of our companies, together with strong management teams and boards. We invest with an indefinite holding period, and focus on building durable value and capturing organic and non-organic growth opportunities.

LABORIE is an industry-leading manufacturer and supplier of pelvic health and gastrointestinal equipment and consumables. Since its founding in 1967, LABORIE has been committed to delivering innovative, complete solutions that provide better diagnostics and treatment outcomes to patients worldwide. For more information, visit http://www.laborie.com. LABORIE is a portfolio company of Audax Private Equity.

Since its founding in 1999, Audax Private Equity has been focused on building leading middle market companies. Audax has invested over $3.5 billion in 99 platform and 498 add-on companies. Through its disciplined Buy & Build approach, Audax seeks to help platform companies execute add-on acquisitions that fuel revenue growth, optimize operations, and significantly increase equity value. Audax Private Equity is an integral part of Audax Group, an alternative asset management firm specializing in investments in middle market companies. With offices in Boston, New York, and Menlo Park, Audax Group has over $10 billion in assets under management across its Private Equity, Mezzanine, and Senior Debt businesses. For more information, visit the Audax Group website http://www.audaxgroup.com.

Investor, founded by the Wallenberg family a hundred years ago, is the leading owner of high quality Nordic-based international companies. Through board participation, our industrial experience, network and financial strength, we strive to make our companies best-in-class. Our holdings include, among others, Atlas Copco, SEB, ABB, Ericsson and Mölnlycke Health Care. Our press releases can be accessed at http://www.investorab.com

Contact:

Stefan Stern
Head of Corporate Relations, Sustainability and Communications
Phone +46 8 614 2058, +46 70 636 7417

Magnus Dalhammar, Head of Investor Relations
Phone +46 8 614 2130, +46 735 24 2130

Source: LABORIE
Related Links:

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Written by asiafreshnews

August 22, 2016 at 3:29 pm

Posted in Uncategorized

Synopsys Expands Presence in Southeast Asia

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-Opens Offices in Malaysia and Vietnam
SINGAPORE /PRNewswire/ — Synopsys, Inc. (Nasdaq:SNPS) today announced it has expanded its presence in Southeast Asia with the opening of offices in Penang, Malaysia and Ho Chi Minh City, Vietnam. The two new offices, which are currently operational, allow Synopsys to better address the needs of the growing number of customers with design centers in the region.

“As our customers continue to expand their operations in Southeast Asia, it became increasingly important that we have a local presence so we can collaborate more closely and help them deliver smart, secure products from silicon to software,” said Geok-Cheng Tan, managing director, Synopsys Singapore. “We’re committed to helping our customers solve their complex design and verification challenges, and reduce risk and speed time to market with our high-quality, silicon-proven IP. Now they can also maximize risk-visibility across the cyber supply chain with our software quality and security solutions.”

“Silterra is pleased that Synopsys has decided to invest in setting up a site in Penang,” said Arjun Kumar Kanthimahanti, vice president of technology development at Silterra. “This will definitely increase the quality of support here in Malaysia and help us build a closer customer relationship.”

“eSilicon maintains a significant design operation at our Vietnam facilities in Ho Chi Minh City and Da Nang. Synopsys software is an important part of our design flow,” said Hao Nham, vice president of worldwide engineering at eSilicon. “The IP and ASICs we are building in Vietnam are demanding and employ cutting-edge technology. I am delighted that Synopsys is investing in a facility in Ho Chi Minh City. A strong local support team enhances our ability to deliver on time and on spec.”

“It is a testament to the importance of Vietnam when the number one EDA company commits to adding local resources to help grow the IC design sector,” said Dr. Dam Bach Duong, Director General of the Department of High Technology, Ministry of Science and Technology. “Congratulations to Synopsys on the opening of their representative office in Ho Chi Minh City. We look forward to working closely with Synopsys to create a vibrant IC design ecosystem in our country.”

Synopsys’ Penang office is located at Suntech @ Penang Cybercity. Synopsys’ Ho Chi Minh City office is located at Me Linh Point Tower.

About Synopsys

Synopsys, Inc. (Nasdaq:SNPS) is the Silicon to Software™ partner for innovative companies developing the electronic products and software applications we rely on every day. As the world’s 15th largest software company, Synopsys has a long history of being a global leader in electronic design automation (EDA) and semiconductor IP and is also growing its leadership in software quality and security solutions. Whether you’re a system-on-chip (SoC) designer creating advanced semiconductors, or a software developer writing applications that require the highest quality and security, Synopsys has the solutions needed to deliver innovative, high-quality, secure products. Learn more at http://www.synopsys.com.

Editorial Contact:

Sheryl Gulizia
Synopsys, Inc.
650-584-8635
sgulizia@synopsys.com

Source: Synopsys, Inc.
Related stocks: NASDAQ-NMS:SNPS
Related Links:
http://www.synopsys.com

Written by asiafreshnews

August 22, 2016 at 3:08 pm

Posted in Uncategorized

Lazada Singapore Expands Offerings with New Retailers On Board

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SINGAPORE /PRNewswire/ — Lazada Singapore is excited to announce partnerships with more than six prominent retailers. Retailers recognize the evolving purchasing habits of Singapore shoppers and acknowledge that buying an item online has now become an integral part of the retail experience.

This serves as an opportune time for big retailers such as Best Denki, Big Box, Eu Yan Sang Singapore, Gain City, Home-Fix and Motherswork to come on board with Lazada Singapore. With an additional online marketplace platform, the retailers will be able to reach out to the greater consumer market. These shoppers are accustomed to purchasing via their mobile devices or laptops.

“With Singapore being one of the most connected countries, it is clear that our customers are moving online faster than we can imagine. To ensure that our products are available at their fingertips, collaborating with Lazada was the perfect fit. At the same time, Lazada’s large shopper base allows us to reach new customers.” said Sharon Wong, CEO, Motherswork.

Echoing similar sentiments is Koji Idera, Managing Director, Best Denki. “Best Denki has been a part of Singapore’s consumer electronics retail industry for over 30 years and is committed to fulfilling its mission to its customers, that is, to enhance the quality of their life and lifestyle through its good selection of electrical and electronic products and services. Today, Best Denki is proud to become a partner of Lazada, the largest eCommerce player in South East Asia. Best Denki believes that with Lazada’s eCommerce platform, it will be able to offer its electrical and electronic products to many more online customers and it looks forward to growing its online sales with Lazada.”

According to a study done by Nielsen in 2015[1], 41% of Singaporeans are considered omni-channel shoppers, while 17% of shoppers are fully dependent on eCommerce sites for browsing and making purchases. Both shoppers and retailers alike have embraced this multi-dimensional shopping experience.

“Gain City has been Singapore’s largest consumer electronics, air-conditioning, home appliance and IT retailer for 35 years and recognizes that Lazada’s online marketplace provides an established eCommerce infrastructure to enable brands, like us, to reach out to the wider online consumer base.” said Kenny Teo, Managing Director, Gain City.

These partnerships contribute to Lazada Singapore’s success. “We are constantly looking for new experiences for our shoppers, to ensure Lazada remains interesting and relevant. In the months ahead, we are committed to creating the optimal customer experience. We are exploring opportunities to bring on even more big retailers, with the aim of ensuring customers have access to the best brands – anytime, anywhere.” shared Martell Hardenberg, CEO, Lazada Singapore.

With the addition of these six retailers, Lazada Singapore is home to more than 4,800 sellers as of July. The marketplace has seen an increase of over 300% in the number of sellers that have come on board over the last year.

[1] A Shift In Shopper Dynamics Provides New Opportunities For Singapore Retailers

ABOUT LAZADA GROUP

Lazada Group operates Lazada, Southeast Asia’s number one online shopping and selling destination, with presence in Indonesia (www.lazada.co.id), Malaysia (www.lazada.com.my), the Philippines (www.lazada.com.ph), Singapore (www.lazada.sg), Thailand (www.lazada.co.th) and Vietnam (www.lazada.vn).

Launched in March 2012, Lazada is pioneering eCommerce in the region by providing customers with an effortless shopping experience with multiple payment methods including cash-on-delivery, extensive customer care and free returns. Lazada features a wide product offering in categories ranging from consumer electronics to household goods, toys, fashion and sports equipment.

Lazada offers brands and merchants a marketplace solution with simple and direct access to about 560 million consumers in six countries through one retail channel.

For further information, please contact The Hoffman Agency

Jeffrey Wong/ Kimberly Sachdev
LazadaSG@hoffman.com
+65 6361 0250

Logo – http://photos.prnasia.com/prnh/20160509/8521602931LOGO

Source: Lazada Singapore
Related Links:
http://www.lazada.sg

Written by asiafreshnews

August 22, 2016 at 2:59 pm

Posted in Uncategorized

New High Value Payments Systems Task Force is a Key Enabler of ISO 20022 Harmonisation

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-SWIFT, along with major global banks and market infrastructures, has formed HVPS+ – an ISO 20022 market practice task force that will address evolving market needs in the high value payments systems space

HONG KONG /PRNewswire/ — Following the launch of the ISO 20022 Harmonisation Charter, an industry-driven framework to facilitate the rollout of ISO 20022 globally, SWIFT has formed a global market practice task force of markets infrastructures and banks. Sponsored by the Payments Market Practice Group (PMPG), the task force aims to address the evolving ISO 20022 standards requirements of high value payments systems (HVPS) providers. It is a key component of SWIFT’s ISO 20022 harmonisation initiative that aims to address the industry concern around fragmentation and the risk of multiple versions and flavours being adopted across various markets, leading to higher implementation costs.

The new task force, called HVPS+, will build on the existing HVPS market practice documented in MyStandards that focuses on ensuring interoperability with FIN messages in the cross-border space. The new group, which goes beyond current market practice, will deliver an additional set of ISO 20022 market practice guidelines for high value payments systems, taking into account the evolving needs of market infrastructures and their members, including more structured, accurate and richer end-to-end data. It creates a common foundation on which major payments market infrastructures can build their community implementations, whilst supporting global interoperability.

‘From an industry perspective, this is a meaningful collaborative initiative that can benefit all market infrastructures and their members,” said Gina Russo, Federal Reserve Bank of New York. “By encouraging a standardised global approach to ISO 20022 implementation for high value payments systems, the industry as a whole can be in a position to reduce costs, ensure efficient implementation, and realize the true benefits of using a common global standard.”

“As HVPS providers around the globe are planning adoption of ISO 20022, the PMPG is committed to sponsoring this new initiative, helping to establish harmonised global market practice, which is imperative to reduce implementation costs and ensure straight-through processing for banks,” added Rob Green, Head of Payments Market Infrastructure in Banking Group Treasury, FirstRand Bank and Director, SWIFT Board of Directors and co-chair, PMPG.

Roy DeCicco, Managing Director and Industry Issues Executive with Treasury Services at JPMorgan and co-chair, PMPG, said “It is great to see market infrastructures and banks join together, to ensure this additional set of ISO 20022 HVPS+ market practice is future-proof and supported by all relevant stakeholders of the financial ecosystem.”

Commenting on ISO 20022, Bob Pepitone, CHIPS Product Manager at The Clearing House, said “The Clearing House is adopting ISO 20022 as its preferred messaging standard for real-time and high-value payments. As we prepare our implementation strategy to convert our proprietary CHIPS format specifications to ISO 20022, we would like to use this new global market practice as a baseline. This will allow our members to use the same formats and processes with TCH and other HVP communities, while incorporating the unique characteristics of the CHIPS messaging formats. This approach will definitely help to enable interoperability for all payments market infrastructures globally.”

The following organisations are participating in the new HVPS+ task force (in alphabetical order): ABN Amro, Australian Payments Clearing Association, Banca d’Italia, Bank of America Merrill Lynch, Bank of England, EBA Clearing, ECB, Federal Reserve Bank of New York, First Rand Bank Ltd, Hong Kong Interbank Clearing Limited, Payments Canada, Societe Generale, Standard Bank, The Clearing House, and Wells Fargo.

The task force started work at the end of June 2016 and expects to publish a first set of additional market practice guidelines in MyStandards, SWIFT’s online platform for sharing standards information, in Q4 2016/Q1 2017.

Please click here to download a copy of SWIFT’s ‘Best practices for ISO 20022 harmonisation’ report. For more information about the HVPS+ task force, please click here to contact SWIFT.

About ISO 20022

ISO 20022 is a global and open standard, not controlled by a single interest, open to anyone in the industry who wants to participate, and free for anyone to implement on any network. In addition, it has mature and fully established processes for maintenance, evolution and governance. ISO 20022 is a methodology that can be followed to create financial messaging standards. In addition, ISO 20022 is a body of ‘content’ — meaning a collection of ‘message definitions’ and a process of how these can be applied to specific business domains. ISO 20022 brings a range of benefits to the community, including availability of rich and comprehensive information, interoperability and harmonisation, accommodation for both global standards and local usage and it allows for easy data consumption. SWIFT will continue to support FIN MT standards, and is ready to serve communities moving to ISO 20022.

About the Payments Market Practice Group (PMPG)
The Payments Market Practice Group (PMPG) provides a truly global forum to drive better market practices which, together with correct use of standards, will help in achieving full STP and improved customer service.

The mission of the PMPG is to:

take stock of payments market practices across regions
discuss, explain, and document market practice issues, including economic viability
recommend market practices, covering end-to-end transactions
propose best practice, business responsibilities and rules, message flows, consistent implementation of ISO messaging standards and exception definitions
ensure publication of recommended practices
encourage an iterative dialogue with communities where community feedback is incorporated in updated publications
recommend payments market practices in response to changing compliance requirements
About SWIFT

SWIFT is a global member-owned cooperative and the world’s leading provider of secure financial messaging services.

We provide our community with a platform for messaging and standards for communicating, and we offer products and services to facilitate access and integration, identification, analysis and financial crime compliance.

Our messaging platform, products and services connect more than 11,000 banking and securities organisations, market infrastructures and corporate customers in more than 200 countries and territories, enabling them to communicate securely and exchange standardised financial messages in a reliable way. As their trusted provider, we facilitate global and local financial flows, support trade and commerce all around the world; we relentlessly pursue operational excellence and continually seek ways to lower costs, reduce risks and eliminate operational inefficiencies.

Headquartered in Belgium, SWIFT’s international governance and oversight reinforces the neutral, global character of its cooperative structure. SWIFT’s global office network ensures an active presence in all the major financial centres.

For more information, visit http://www.swift.com or follow us on Twitter: @swiftcommunity and LinkedIn: SWIFT

Contacts:
Cognito
swift@cognitomedia.com
+44 (0)20 7426 940

Logo – http://photos.prnasia.com/prnh/20160127/8521600559Logo

Source: S.W.I.F.T.SCRL
Related Links:
http://www.swift.com

Written by asiafreshnews

August 22, 2016 at 2:57 pm

Posted in Uncategorized

Cloud9 Technologies Expands Global Footprint with Office Opening in Singapore

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-Office Supports Continued Market Expansion
NEW YORK /PRNewswire/ — Cloud9 Technologies LLC, a cloud-based communication provider for financial firms and institutional traders, today announced the opening of a regional office in Singapore to meet the demand for expansion into the APAC region. The addition of the office will provide Cloud9 with a base for sales, service, and customer support as it continues to invest, and expand, creating new jobs within Singapore.

The office will be led by Cloud9’s Global Head of Sales and Managing Director of EMEA and APAC, Barry Purkis. Mr. Purkis oversees the company’s growth and expansion throughout Europe, the Middle East, and Asia.

“This is the next logical step for Cloud9 as we continue to roll out globally. We now serve customers in 29 countries,” said Purkis. “The rapid adoption of the Cloud9 platform by traders around the world is a strong endorsement that the trading community is looking for a more modern way to connect and collaborate with their counterparties. The Asian market is rapidly expanding, and this is the ideal time to bring Cloud9’s innovative technology to the market. We already have several firms throughout Asia that use Cloud9, and I look forward to leveraging the Asian market as part of the Company’s growth and success.”

Darren Coombes, Global Head of Operations, will manage the region’s operational team, and help established the region’s support and services infrastructure.

“Our customer base is expanding around the world quickly and we look forward to the continued, global adoption of Cloud9,” said Gerald Starr, Chief Executive Officer of Cloud9. “There is already tremendous opportunity in the Asian market for Cloud9, and we established this office to support regional demand.”

About Cloud9 Technologies

Cloud9 Technologies is a cloud communications service provider that delivers high performance voice and collaboration services designed for the unique needs of institutional customers. The company delivers its services from the cloud using software applications that leverages the Internet and advanced WebRTC technologies.

In the financial industry, Cloud9 connects counterparties across all asset classes via a cloud-based platform that features end-to-end security and encryption. Cloud9 eliminates the infrastructure and expense associated with legacy turret systems and telecommunication services for trader voice. Our customer base includes top brokerages, sell-side firms, and tier one banks. For more information, visit: http://www.c9tec.com.

Source: Cloud9 Technologies LLC
Related Links:
http://www.c9tec.com

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August 22, 2016 at 2:57 pm

Posted in Uncategorized

Bolalob.com Wins Three Prizes at Spark Awards In Asia Pacific Region

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— Bolalob.com won Best Acquisition Team, Best Content Team, and Best Use of Branded Content by a Media Owner
— Bolalob.com earned high recognition from futsal players and enthusiasts in Asia Pacific region
JAKARTA, Indonesia /PRNewswire/ — Since its release in 2012 as one of the investment portfolio of GDP Venture, Bolalob.com consistently performed as a hub for futsal community in Indonesia. The determination of Bolalob.com to promote futsal sport and community had earned them the Spark Awards in Asia Pacific region.

Bolalob.com Wins Three Prizes at Spark Awards In Asia Pacific Region
Bolalob.com Wins Three Prizes at Spark Awards In Asia Pacific Region
Bolalob.com took home three awards for Best Acquisition Team and Best Content Team (both in People Category) and Best Use of Branded Content by a Media Owner (Solution Category). Spark Awards is a prestigious award given to online platforms with the best innovation, effectiveness, and high value for their partners.

With this achievement, Bolalob.com was now recognized by futsal players and enthusiasts, not only in Indonesia, but also in regional level, and in the world in the near future.

“Three prizes at Spark Awards are the best gifts for Bolalob.com, we win just one day after the 71st Indonesian Independence Day. We are very proud because this award proves that Bolalob.com as an online platform for futsal players and enthusiasts in the country now earned regional recognition. We hope that we can continue to advance to international level. We present this award for futsal players and enthusiasts as well as all of our partners that have supported us,” said Frandy Wirajaya, CEO of PT Global Visi Media.

The third Spark Awards this year had 300 entries and 70 participants from Asia Pacific (APAC) region, such as Singapore, Indonesia, Malaysia, Australia, Philippines, mainland China, Hong Kong, Macau, and other countries. In addition, there were four new categories and entries from publishers and ad technology companies.

“Our partners can take advantage of opportunities in Bolalob.com. From developing Content Creation, expanding Distribution Channel, partnership for Event Sponsorship, managing Community Relation and Affiliate Sales to Advertising. Bolalob.com strives to provide all those opportunities for partner’s benefit,” said Frandy.

Bolalob.com indeed really earned the Spark Awards. Established in 2012, this online platform continued to grow along with the growth of futsal in Indonesia. In terms of content, this online platform focused on the publication of futsal content and its knick knacks — including competition, event, futsal product information and other information — from national and provincial level to village/neighborhood level. In addition, Bolalob.com also actively held community gathering every week.

Bolalob.com also provided access to futsal field provider all over Indonesia. According to the data in Bolalob.com, there were 1003 futsal sport centers in Indonesia, most of them were located in five major cities such as Greater Jakarta (454 fields), Surabaya (25 fields), Medan (13 fields), Bandung (108 fields), and Makassar (20 fields). These five cities contributed the most visitors of Bolalob.com. Until recently, Bolalob.com had five million page views and visited by more than one million visitors every month.

“Futsal has become not only sport, but also lifestyle for people in Indonesia. Bolalob.com is expected to play a role in expanding the futsal industry as well as becoming the futsal forum in Indonesia,” he said.

Regarding this Spark Awards, one of the assessment criteria was innovation, which was also the main focus of Bolalob.com. Bolalob.com had developed futsal industry in Indonesia through mobile platform. Not only being able to be accessed via website, this feature was also available in a more user-friendly mobile web and mobile application, known as Bolalob 2.0.

This user-friendly access via smartphone was the answer for feedback of 81% of its visitors who access Bolalob.com via mobile devices. In the near future, Bolalob.com would present application that allowed its users to interact with professional futsal players in Indonesia.

Another innovative feature is Just For You. This feature was expected to help users as content display was tailored to topics of their choice. Meanwhile, monetization of Bolalob.com came from advertisement in a form of content marketing and content creation with target audience of 18-25 year olds.

“Our closeness with the futsal community is also an added value so that we can provide the newest, original, and accurate content for readers. A more personalized feature, such as Just For You, is hoped to help users as contents are provided based on their interest,” he concluded.

About Bolalob.com

Bolalob.com is a community media which comprehensively discuss all about futsal. Under PT Global Visi Media management, one of the companies of GDP Venture, Bolalob.com presents information on competitions and futsal lifestyle. Bolalob.com also publishes important information on Spanish La Liga, Premier League, Italian Serie A, and other global football news. Bolalob.com delivers the best quality and original futsal contents for Bolalob.com fans. Until recently, Bolalob.com had been accessed by one million visitors per month with 80.000 active visitors per day and five million page views. Most visitors come from five major cities, namely Jakarta, Surabaya, Medan, Bandung, and Makassar.

About GDP Venture

GDP Venture is a venture builder with focus on digital industry, from community, media, commerce, to companies which provide solution in consumer internet industry in Indonesia. Established in 2010, GDP Venture not only focuses as a venture capital, but also contributes in promoting Indonesia’s economic growth. GDP Venture aims to create a healthy ecosystem to develop world class digital companies supported by a team comprising of technopreneur, engineers, product experts, and marketers.

Media contact:

Ossy Indra Wardhani
Head of Corporate PR GDP Venture
Telp: +62-21-29675918
Email: ossy.i.wardhani@gdpventure.com

Lutfi Yusniar
Bening Communication
Telp: +62-21-7988-411
Email: lutfi@bening-communication.com

Photo – http://photos.prnasia.com/prnh/20160819/8521605280

Source: Bolalob.com

Written by asiafreshnews

August 22, 2016 at 2:51 pm

Posted in Uncategorized

Mjolner Shipping Vessel Makes First Tanker Transit of New Panama Canal

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JERSEY CITY, New Jersey /PRNewswire/ — Mjolner Shipping (“Mjolner”) is pleased to announce that MT Aegean Unity, a Suezmax tanker built in 2016 under Mjolner’s commercial management, has completed a transit of the Panama Canal. Aegean Unity is the first crude oil tanker to transit the new locks in the expanded canal. “Working with trading partners Core Petroleum and Statoil, the vessel’s technical managers, and the Canal authorities, our team expertly planned the first of what is expected to be many transits of the new locks for our fleet,” said Mjolner’s president and CEO, Kevin Wise. “As oil majors and traders make sense of the opportunities that the expanded canal can bring we expect to see more demand to move crude oil cargoes in both directions.”

Photo – http://photos.prnewswire.com/prnh/20160819/399649

About Mjolner Shipping:
Mjolner Shipping is a commercial manager of oil tanker vessels. Its current fleet numbers 15 crude oil vessels, ranging in size from Panamax (75,000 metric tons deadweight) to VLCC (300,000 metric tons deadweight). The vessels trade world-wide, carrying cargo for oil majors and traders, with a focus on the Americas. Mjolner is based in Jersey City, NJ, USA.

CONTACT: Mjolner Shipping, Jonathan Jackson, +1.201.369.7500, info@mjolnershipping.com

Source: Mjolner Shipping
Related Links:
http://www.mjolnershipping.com

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August 22, 2016 at 2:46 pm

Posted in Uncategorized

SK Telecom Launches ‘UO Smart Beam Laser NX BIGBANG 10 Edition’

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SEOUL, South Korea /PRNewswire/ —

Unveiled a specially designed hybrid light source projector to commemorate the 10th anniversary of BIGBANG, a popular Korean band
‘BIGBANG 10 Edition’ offers enhanced color expression, clarity and brightness by using both laser and LED as light source
The projector can also work as a stand-alone device through its built-in micro SD slot and control buttons
SK Telecom (NYSE: SKM, http://www.sktelecom.com/en) today launched its latest pico projector named ‘UO Smart Beam Laser NX BIGBANG 10 Edition (‘BIGBANG 10 Edition’) as the result of a collaboration project between SK Telecom and YG Entertainment, one of the largest entertainment companies in Korea, to celebrate the 10th anniversary of BIGBANG*.

SK Telecom Launches UO Smart Beam NX Big Bang 10 Edition
SK Telecom Launches UO Smart Beam NX Big Bang 10 Edition

SK Telecom Launches UO Smart Beam NX Big Bang 10 Edition
SK Telecom Launches UO Smart Beam NX Big Bang 10 Edition

SK Telecom Launches UO Smart Beam NX Big Bang 10 Edition
SK Telecom Launches UO Smart Beam NX Big Bang 10 Edition
Through the application of a hybrid light source comprised of laser and LED, BIGBANG 10 Edition offers a brightness of 200 lumens and a native resolution of 1280 X 720, thus allowing users to experience rich, vibrant colors and a stunning resolution.

Moreover, unlike its predecessors that can only be controlled through a connecting smartphone, BIGBANG 10 Edition can also work as a stand-alone device as it is built with a micro SD card slot and control buttons. The device can also be controlled via a remote control app.

While keeping the basic characteristics of its predecessors, BIGBANG 10 Edition is applied with a special logo to commemorate the 10th anniversary of BIGBANG as well as five horizontal lines that symbolize BIGBANG’s five members. The projector comes in sleek black-brown color and measures 6 X 6 X 6 centimeters.

BIGBANG 10 Edition can be purchased at the online shopping mall (http://www.accstore.kr/index.html). At a price of KRW 449,000 (USD 409, RMB 2,809), purchasers will be provided with the projector as well as a rich content package worth about KRW 100,000. The content package includes an 8GB micro SD card containing video clips of BIGBANG, including their movie “BIGBANG Made” and 10th anniversary interview, and photo cards.

Kim Sung-han, Vice President and Head of Device Planning Office said, “SK Telecom’s latest pico projector UO Smart Beam Laser NX will enhance user experience and benefits through improved specifications and features. Especially, thanks to our collaboration with the popular boy band BIGBANG, we expect to see a lift in the level of recognition of our innovative pico projector and will be providing a rich content package of video clips and photos of BIGBANG along with the projector to satisfy BIGBANG fans across the world.”

*BIGBANG is a Korean boy band formed by YG Entertainment. Consisting of members G-Dragon, T.O.P, Taeyang, Daesung, and Seungri, the group officially debuted on August 19, 2006, and has gained popularity across the globe. Big Bang’s hit songs include “Lies,” “Bang Bang Bang,” “Fantastic Baby,” and “Loser.”

Attachment 1 : Technical Specification of UO Smart Beam Laser NX BIGBANG 10

Type

Specification

Technology

Light Source

LED/LD Hybrid

Display Panel

DMD

Optical Performance

Brightness(ANSI Im)

200 Lumens

Resolution

720P (1280X720)

CR

≥1,500

Throw Ratio

1.53(100″@3.4m)

Offset

100%

H/W OS

Speaker

1W (Mono)

AC-DC Adaptor

3A / 12V, DC IN Jack

Battery Life

100 min.

Etc.

Size

60 x 60 x 60(mm)

Weight

260g

Operating Temperature

0 – 40 degrees celsius

Support Formats

MPEG4, MPEG4 AVC/H.264 MP3/AAC

Color

Metallic Brown

Supporting Language

Korean/English/Japanese/Chinese

Bluetooth

2.1 ver +EDR

Photo – http://photos.prnasia.com/prnh/20160818/8521605245-a
Photo – http://photos.prnasia.com/prnh/20160818/8521605245-b
Photo – http://photos.prnasia.com/prnh/20160818/8521605245-c

Source: SK Telecom
Related stocks: NYSE:SKM
Related Links:
http://www.sktelecom.com/en

Written by asiafreshnews

August 22, 2016 at 12:15 pm

Posted in Uncategorized

OSEA2016 to Spotlight Strategies for Optimisation and Sustainability amid Changing Market Conditions

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-Event to feature largest line-up of international group pavilions, and a revamped conference programme of 18 workshops
SINGAPORE /PRNewswire/ — OSEA2016 — Asia’s premier oil & gas industry event will hold its 21st edition from 29 November to 2 December this year at Marina Bay Sands. Playing host to more than 1,300 exhibitors from 49 countries and regions, OSEA2016 will focus on presenting a showcase of solutions and technology related to asset optimisation, improving operational efficiency, and sustainable growth.

Addressing the current industry outlook, The OSEA2016 International Conference will also feature a brand new learning and training format consisting 18 masterclasses, where delegates will gain practical skills and knowledge from hands-on experts in order to navigate the current climate, to emerge stronger and more successful.

“Amid a changing oil and gas landscape, it is imperative that companies in the value chain adopt cost-effective strategies to streamline operations and improve work efficiency in order to weather the current sustained industry downturn. This year, these strategies will take centre stage at OSEA2016, providing companies in Asia with expert insights, technology, solutions and alternatives to strengthen their current positions for future growth,” say Chua Buck Cheng, Project Director (Engineering Events), at organiser Singapore Exhibition Services.

OSEA2016 — Exhibition Highlights

OSEA2016 will present its strongest-ever line-up of 22 group pavilions from Australia, Mainland China, Finland, France, Germany, Italy, the Netherlands, Norway, Russia, Singapore, Taiwan, United Kingdom and the USA, with new groups from India, South Africa, Korea and Thailand.

Marjan Lacet, Trade Promotion Manager of the Netherlands Maritime Technology, a veteran exhibitor at OSEA and coordinator of the Netherlands’ pavilion comments, “This year the Netherlands pavilion will house 16 companies featuring a showcase of the newest technologies and innovations, including custom made lifts for marine environments, and leading solutions for safety, drive and control, environmental protection and cabling among many others. Asia is a big market for us, and in particular, Singapore is a very important industry player and maritime hub. OSEA is therefore, a great platform to present the best in Dutch expertise for the oil and gas value chain as well as forge meaningful partnerships within Asia.”

Alongside the international group pavilions, big name exhibitors and market leaders such as BH Global Corporation, Chee Fatt, Keppel Fels, KS Distribution, Jebsen & Jessen, Raccortubi and Transneft will also be presenting their showcase at OSEA2016.

Manufacturer of piping material for oil installations, shipyards, power generation, fertiliser plantsand offshore platforms, Raccortubi, will be participating at OSEA2016 for the second time. Edmund Ng, its Managing Director comments, “OSEA is an important event to our core business. This year, visitors will get an update on the company’s latest developments and ongoing activities such as the recent investments to expand our capacity. We believe that Southeast Asia remains a hotbed for both upstream and downstream interest, despite recent slides in oil prices. LNG is becoming of key importance to the region, and many oil companies are investing heavily in this field to meet the growing gas demand. We look forward to engaging this growing segment of the industry at OSEA2016.”

Veteran exhibitor Chee Fatt, a leading distributor of industrial equipment and tools for various industries including marine & offshore and oil & gas in Southeast Asia will be unveiling their new corporate branding and a brand new e-commerce platform at OSEA2016. Desmond Poh, Marketing Director of Chee Fatt says, “OSEA is an excellent platform to showcase our company, what we stand for, and our portfolio of products and services to the stakeholders of oil and gas related companies around the region. We have gained a great deal of contacts from previous OSEA events, of which some of them are now our key partners. For 2016, we look forward to showcasing our wide range of products and services as well as demonstrate our expertise in creating a seamless user experience from decades of experience in the oil and gas tools and related equipment space.”

SUBSEA Asia will also be featured alongside OSEA2016 for the first time. The conference and exhibition — focused on offshore exploration and production, will be held across OSEA’s four show days.

Event at a Glance:

OSEA2014 Exhibition

Date:

29 November – 2 December 2016, Tuesday – Friday

Venue:

Basement 2 and Level 1, Marina Bay Sands, Singapore

Opening hours:

10.30am – 6:00pm daily

Admission:

Business and trade professionals only

Website:

http://www.osea-asia.com

Media Contacts

June Seah
PR Manager, Singapore Exhibition Services
Tel: +65 6233 6621
Email: june.seah@sesallworld.com

Patricia Yee
Senior PR Executive, Singapore Exhibition Services
Tel: +65 6233 6637
Email: patricia.yee@sesallworld.com

Source: OSEA2016

Written by asiafreshnews

August 22, 2016 at 11:45 am

Posted in Uncategorized