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Archive for August 26th, 2016

ABI Research Forecasts Strong Growth for Diameter Signaling with LTE Uptake

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-Diameter Vendors Will Still Support Legacy Networks with SS7 Interworking Functions
SINGAPORE /PRNewswire/ — LTE deployment is spiking the adoption of diameter signaling, the protocol that servers and software use to communicate within the core of the LTE network. ABI Research forecasts global LTE subscriptions will reach nearly four billion by 2021. The subscriptions will rely on Evolved Packet Core (EPC), Voice over LTE (VoLTE), and IP Multimedia Subsystem (IMS) networks, all which use diameter signaling.

“As mobile operators migrate to 4G LTE for key services, such as voice and video calls, the demand for diameter signaling will increase,” says Sabir Rafiq, Research Analyst at ABI Research. “Though Diameter Signaling is a requirement for LTE communication, we expect operators will demand Diameter Interworking Functions for their legacy networks for the foreseeable future.”

Even with the growth in LTE subscriptions and deployments, Signaling System 7 (SS7) is not left for dead. SS7 and diameter-based signaling networks usage varies in different regions. For instance, 2G network usage, especially general packet radio service (GPRS) technology, is still predominant in emerging markets like Africa and Latin America. The deployments of machine-to-machine (M2M) and Internet of Things (IoT) devices currently rely on 2G and 3G technologies, which feature low cost, low power, and low data consumption.

To address these needs, ABI Research expects vendors’ Diameter Interworking Functions (IWF) will serve as a bridge between legacy 2G/3G networks and 4G LTE networks. IWF allows for a seamless transition between LTE and 2G/3G networks through protocol conversion and behavioral translation.

“IWF will allow mobile operators to support the legacy SS7 of 2G and 3G networks,” concludes Lian Jye Su, Senior Analyst at ABI Research. “These networks may become increasingly expensive as vendors reduce investment in those technologies while maintaining the forward momentum of 4G LTE that requires diameter–based signaling.”

These findings are from ABI Research’s Signaling in Mobile Broadband: Diameter and SS7 ( This report is part of the company’s Future Networks ( sector, which includes research, data, and analyst insights.

About ABI Research

ABI Research stands at the forefront of technology market research, providing business leaders with comprehensive research and consulting services to help them implement informed, transformative technology decisions. Founded more than 25 years ago, the company’s global team of senior and long-tenured analysts delivers deep market data forecasts, analyses, and teardown services. ABI Research is an industry pioneer, proactively uncovering ground-breaking business cycles and publishing research 18 to 36 months in advance of other organizations. For more information, visit

Contact Info: Mackenzie Gavel

Tel: +1 516.624.2542

Source: ABI Research
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Written by asiafreshnews

August 26, 2016 at 5:50 pm

Posted in Uncategorized

Thammasat University Aims More Awards at the International Exhibition of Inventions of Geneva

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BANGKOK /PRNewswire/ — Thammasat University (TU), a leading university in Thailand, aims to create more inventions to serve the society and win awards at the International Exhibition of Inventions of Geneva after its successes in 2015-2016.

Thammasat teams put forth a very impressive showing at the 43rd International Exhibition of Inventions of Geneva
Thammasat teams put forth a very impressive showing at the 43rd International Exhibition of Inventions of Geneva
Thammasat teams put forth a very impressive showing at the 43rd International Exhibition of Inventions of Geneva, the largest international exhibition dedicated primarily to invention in the world. With 3 inventions taking home the Gold Medal of Honor, Thammasat conveyed its longstanding commitment to being for the people, promoting internationalism, and its strong emphasis on research.

The first of the three inventions was the ‘Spacer Mold for Mobile Spacer in Infected Total Knee Arthroplasty’ by: Assoc. Prof. MD. Piya Pinsornsak and colleagues from the Faculty of Medicine at TU, a new treatment method involving a temporary artificial hip implant. The implant, which is made from a kind of concrete mixed with antibiotics from an adjustable, reusable spacer mold, allows patients to move around with a temporary prosthesis while simultaneously treating their infection. It also gives the doctors time to prepare the permanent prosthesis without worrying about the hip area experiencing contraction and requiring further surgery. The invention, which has been in development for the last 4-5 years, is a landmark in orthopedics. It serves in reducing patient suffering, while improving their treatment. This invention was awarded the Gold Medal of Honor in recognition for the impact it would have in the world of medicine.

The second invention was the ‘Automated Simplification System for Multiple Thai Documents’ by: Prof. Dr. Thanarak Theeramunkong and colleagues from the Sirindhorn International Institute of Technology, TU. This automatic system allows the user to easily collect information from a number of document sources and display a simple summary. It can also be used to quickly summarize feedback and input from a very large number of people. The system works by analyzing parts of speech, named entities, and key words to decide on what happened, where, when, to who and why. In addition, it can easily spot outlying information, and discrepancies which can be invaluable to a researcher. While this powerful data collection and dislpay system is currently designed for Thai documents only, it can always be expanded to work with other languages as well.

The third was the ‘Transcranial Doppler Ultrasound’ by: Assoc. Prof. Jaturong Thantibundit from the Faculty of Engineering, TU, an automatic system for screening patients for signs of stroke. Strokes are accountable for 6,000,000 deaths a year. They can be caused by stress, poor diet, lack of exercise and smoking. If not treated immediately, strokes can be responsible for leaving a patient with permanent physical and mental damage, and in the worst cases, death. Therefore, this invention that can automatically detect signs of stroke can allow doctors to treat patients instantly, greatly increasing their chance of success and saving a lot of lives. The invention works by using a TCD signal to monitor blood flow in the brain and was designed so that it could be easily integrated into any hospital. It can be an invaluable asset to both large hospitals, and smaller clinics that lack stroke specialists alike.

With these inventions, these visionary teams from Thammasat may very well have played an important role in making a positive difference in people’s lives around the world. It is this opportunity, and ultimately this responsibility to society that Thammasat has had such dedication in promoting research and development and will continue to do so in the years to come.

For more information, please contact:

Associate Professor Dr. Attakrit Patchimnan
Assistant to rector for international affairs
Thammasat University
Tel. +66-85-907-4222

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Source: Thammasat University (TU)

Written by asiafreshnews

August 26, 2016 at 2:34 pm

Posted in Uncategorized

Singapore’s Top 2 Banks Up Their Digital Game with Aspire

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-Aspire Systems has recently partnered with Temenos and is currently working with Singapore’s 2 big banks to implement digital channel solutions.
SINGAPORE /PRNewswire/ — Aspire Systems, a global provider of digital transformation services, formalized a partnership agreement with Temenos, the software specialist for banking and finance to collaborate on development and implementation of digital solutions.

Among others, Aspire has worked with two of the biggest private wealth management banks in Singapore and demonstrated accelerated deployment and speed to market while keeping implementation costs under control.

“The wealth management industry faces challenges on multiple fronts,” noted Mahalakshmi Santaram, Head of Digital User Experience, BFSI, Aspire Systems. “The emergence of Fintech startups, changing consumer expectations and an evolving regulatory environment is forcing executives to stay on their toes. Firms must wake up to the new reality or risk being disrupted.”

PWC reports in “Sink or Swim: Why Wealth Management Can’t Afford to Miss the Digital Wave” that despite increased use of digital tools by HNWIs, the majority of wealth management firms do not have adequate digital capabilities to plug gaps in their current offerings. Only 23% of clients with assets worth over USD 10 million would choose to recommend their current advisor, according to the report.

Meanwhile, in Singapore alone, the number of Singaporean HNWIs is projected to grow by over 18%, to reach under 188,000 by 2019, while HNWI wealth is forecast to expand by 27.6%, to reach US$1.1 trillion by the same year, according to Singapore Wealth Report 2015.

“By integrating differentiated digital capabilities into their systems, firms can provide the new kind of wealth management experience that clients expect today,” asserts Mahalakshmi. “To enable digital success, firms need a trusted technology partner offering an array of performance-based yet cost-effective digital solutions that can scale to accommodate an expanding customer base.”

About Aspire Systems

Aspire Systems, internationally headquartered at Singapore, is a global technology services firm serving as a trusted technology partner for its customers. The company works with some of the world’s most innovative enterprises and independent software vendors, helping them leverage technology and outsourcing in Aspire’s specific areas of expertise. Aspire System’s services include Product Engineering, Enterprise Solutions, Independent Testing Services and IT Infrastructure & Application Support Services. The company currently has over 1,500 employees, over 100 customers globally and is CMMI Level 3 certified. The company has a growing presence in the US, UK, India, Middle East, Asia-Pacific and Europe. For the seventh time in a row, Aspire has been selected as ‘Best Companies to Work For’ by the Great Place to Work® Institute.

For more information, please contact

Suresh Ranganathan
Regional Director – Asia Pacific
Cell: +65 8113 7373

Source: Aspire Systems

Written by asiafreshnews

August 26, 2016 at 12:06 pm

Posted in Uncategorized

RS Components and ebm-papst sign new agreement to deliver energy-efficient fans and motors worldwide

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-Agreement extends 35-year distribution partnership between RS and ebm-papst, providing engineers with continued access to an unrivalled range of fans and motor products direct from stock

SINGAPORE /PRNewswire/ — RS Components (RS), the trading brand of Electrocomponents plc (LSE:ECM), the global distributor for engineers, has renewed its agreement with ebm-papst to supply high efficiency fans and motor products from the leading global manufacturer throughout the EMEA and Asia Pacific regions.

(left to right): Steve Keep – RS Components Global Account Manager; Jochen Friess – ebm-papst Director Global Sales
(left to right): Steve Keep – RS Components Global Account Manager; Jochen Friess – ebm-papst Director Global Sales

The partnership between the two companies spans more than three decades, and today RS retains the most comprehensive stocked offer of ebm-papst products in the market, covering a wide range of Heating, Ventilating and Air Conditioning (HVAC) systems, fans and thermal management products and accessories.

Latest innovations include the ACi 4400 and S-Panther fan series, which utilise motors with ebm-papst’s GreenTech EC technology to improve performance at a fraction of the energy usage and cost of conventional motors. GreenTech EC motors are used extensively across the ebm-papst range of fans and provide maximum energy-efficiency and low operating noise for diverse cooling requirements.

RS also stocks a wide selection of ingress protected IP68 fans from ebm-papst, designed to perform in harsh environments such as high dust, high humidity or direct water exposure, both indoors and outdoors. A range of fan kits and assembly options is also available to RS customers, providing quick and efficient ventilation solutions.

Sandra Jarvis, ebm-papst Commercial Director commented: “We have worked together with RS for more than 30 years to successfully deliver the latest fans and motor solutions to customers globally. Over the past decade this has grown from strength to strength with the introduction by RS of online resources such as DesignSpark, which allows us to share knowledge and content with engineers. We are true partners in every sense of the word, both focused on a common goal of providing innovation and ease of access to a wide range of products and solutions.”

Steve Keep, RS Components Global Account Manager added: “This renewed agreement with ebm-papst underlines our continued commitment to provide customers with fast, easy access to market-leading motors and fans for applications across many different industries. Its GreenTech EC standard puts ebm-papst at the forefront of sustainable, economical motor technology, and through our ongoing collaboration we are able to offer an unrivalled breadth of product choice.”

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

Further information is available via these links:

Twitter: @RSComponents; @alliedelec; @designsparkRS

RS Components on Linkedin:

Other Relevant Links:

Electrocomponents plc:
RS Components:

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Source: RS Components
Related stocks: LSE:ECM OTC-PINK:EENEY
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Written by asiafreshnews

August 26, 2016 at 11:55 am

Posted in Uncategorized

Veritas to Usher in the Future of Information Management at Vision 2016 Conference

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-Industry conference to feature celebrity statistician Nate Silver, Veritas CEO Bill Coleman and key speakers from Boston Scientific, Docker, Red Hat and St. Jude Medical

SINGAPORE /PRNewswire/ — Veritas, the leader in information management, is bringing together a wide range of industry and technology leaders at its Veritas Vision 2016 conference on September 12-14, 2016 at the Aria Resort and Casino in Las Vegas, NV. Register now for a conference and expo pass.

In a world where data is the new currency, Vision 2016 will foster important conversations about the future of information management. Attendees will have the opportunity to network and learn how to maximize their investments in cloud, open source and software-defined storage while maintaining control of their most critical asset – data.

“The exponential growth of data and the resources needed to manage it are two of the most pressing issues facing businesses today,” said Lynn Lucas, chief marketing officer at Veritas. “It’s not just the volume of data. It’s also where it resides and how it travels between private and public clouds, virtual environments and back to on premises. Businesses must have a strategy for data and information management, and Vision is the industry conference dedicated to helping organizations hear best practices from other industry leaders and fine tune their own strategies.”

Vision 2016 highlights will include:

Over 50 customers, partners and featured analysts sharing insights including Boston Scientific, ESG, Gartner, Hitachi, HPE, IDC, NNIT, St. Jude Medical and more.
Keynotes from featured industry thought leaders, strategic partners and Veritas executives:
Ana Pinczuk, chief product officer at Veritas
Bill Coleman, CEO at Veritas
Doug Laney, vice president and distinguished analyst at Gartner
John Willis, director at Docker
Kenneth Cukier, data editor at The Economist
Kirk Goldsberry, VP for San Antonio Spurs and visiting Harvard professor
Nan Boden, head of global technology partners at Google
Nate Silver, celebrity statistician and founder of
Radhesh Balakrishnan, general manager, OpenStack at Red Hat
More than 40 hands-on labs, with sessions focusing on topics including data protection, open source strategies, software-defined storage, copy data management, information governance and business resiliency.
More than 50 breakout sessions to interact with and learn from product managers, business leaders and solution engineers.
A Partner Link Conference for partners to join in discussions with Veritas executives and industry experts on the latest products and solutions, joint sales and marketing opportunities and roundtables.
Free, fully-proctored Veritas Certified Specialist exams – a $225 value. Visit Veritas Education Services for a list of available exams and more information.
Veritas’ customer and partner appreciation night on Wednesday, September 14 featuring entertainment from comedian T.J. Miller and legendary rock band Styx.
For more information, visit Veritas Vision 2016.

About Veritas Technologies
Veritas Technologies enables organizations to harness the power of their information, with information management solutions serving the world’s largest and most complex environments. Veritas works with organizations of all sizes, including 86 percent of global Fortune 500 companies, improving data availability and revealing insights to drive competitive advantage. For more information, visit

Veritas and the Veritas logo are trademarks or registered trademarks of Veritas Technologies LLC or its affiliates in the U.S. and other countries. Other names may be trademarks of their respective owners. © 2016 Veritas Technologies. All rights reserved.

Text100 for Veritas
Neritta Low: +65 6603 9010
Marc Lee: +65 6603 9254

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Source: Veritas
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Written by asiafreshnews

August 26, 2016 at 11:52 am

Posted in Uncategorized

Anyone Can Be an Influencer with CastingAsia

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-Influencer marketing platform provides alternative to influencer agencies

SINGAPORE /PRNewswire/ — AdAsia Holdings, creator of the AdAsia Digital Platform, has announced today the launch of CastingAsia, opening up influencer marketing to all.

CastingAsia, a platform that connects influencers to brands across Asia, allows everyone to build a free profile and represent brands that matter to them. A person needs simply to access the CastingAsia influencer log-in and create a profile.

Through a person’s CastingAsia profile, individuals can enter brand preferences, interests and their social media accounts, to allow brands to find them for their influencer and social media campaigns.

Acting as a portal between individuals and brands, individuals can also request to represent brands under the campaign listing section, or reach out directly to brands through the platform. CastingAsia’s unique influencer to brand matching function also allows influencers to discover brands that match their interests.

By bringing brands to individuals, CastingAsia helps find campaigns that individuals are suitable for, and opens up opportunities for those with smaller networks. Individuals can also build their personal brand by aligning themselves with a particular brand cause or effort, and receive returns for it.

Kosuke Sogo, CEO and co-founder, AdAsia Holdings, said: “Influencer marketing has seen a sharp uptake in Asia over the past few years, but there is still a large untapped pool of people who have the potential to be influencers.”

“We have also seen an increase in clients looking for micro-influencers — allowing a brand’s message to reach a narrower audience, resulting in more streamlined efforts and more effective results,” he said.

Well-performing influencers can also extend their brand engagement by becoming involved in further advertising and marketing efforts by brands.

3 steps to becoming an influencer with CastingAsia
3 steps to becoming an influencer with CastingAsia
About AdAsia Holdings Pte. Ltd.

AdAsia Holdings is one of the fastest growing advertising companies in Asia — launched in April 2016 by Kosuke Sogo. AdAsia Holdings aims to enhance marketers’ prowess through a single platform, and aims to become the number one advertising company in Asia and the world. AdAsia Holdings is a strong believer in localized support, and has offices in Singapore and Bangkok, with plans to further expand into Japan, Hong Kong, Indonesia, Vietnam and Taiwan by 2016 and mainland China, India, Malaysia and Philippines in 2017.

About AdAsia Digital Platform

AdAsia Digital Platform is a self-service integrated advertising platform capable of managing functions of advertisement production, programmatic buying, influencer marketing and reporting in a single dashboard. Advertising agencies, marketers and advertisers can serve their ads on multiple DSPs, advertising networks, AdAsia Video Server, and AdAsia Ad Network – an advertising network for Southeast Asia’s various local premium media and publishers.

Media Contact:

Chris Lu

PR Associate

+65 9221 0608 / +65 6809 2111

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Source: AdAsia Holdings
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Written by asiafreshnews

August 26, 2016 at 11:48 am

Posted in Uncategorized

AdAsia Holdings Launches CastingAsia, an Influencer Marketing Platform

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-New addition to the AdAsia Digital Platform adds data-driven influencer marketing capabilities

SINGAPORE /PRNewswire/ — AdAsia Holdings, creator of the AdAsia Digital Platform, has announced today the launch of CastingAsia, an influencer marketing platform available across Asia.

CastingAsia will be integrated into the growing AdAsia Digital Platform portfolio, allowing marketers to develop, manage, and monitor influencer marketing campaigns alongside desktop, mobile, and video programmatic capabilities, bought through the AdAsia Ad Network, AdAsia Video Network, premium inventory and other ad exchanges.

Common issues influencer marketers face today include: sifting through disparate influencer information silos, taking a scattergun approach to influencer recruitment and spending too much time on influencer management.

CastingAsia looks to address these issues by automatically analyzing influencer data to find the right match for brands. Marketers can also develop scalable influencer marketing campaigns, managed through a central point or in individual markets.

“CastingAsia” Dashboard
“CastingAsia” Dashboard
Key features of CastingAsia include –

Use of influencer and campaign data to recommend the right influencers for specific campaign objectives
Search, filter and group influencers based on their needs
Integrate current influencers and build multiple influencer networks based on specific campaign objectives
Management and communication:
Manage content rights for influencer-generated content
Deliver communications to influencers through platform messaging
Monitoring and reporting:
Track and measure an influencer’s engagements, conversations, and campaign performance on a macro and micro level
Other key features include: readily accessible influencer data and follower demographics, and a content management repository.

Marketers can also seamlessly include well-performing influencers into their video advertising efforts through AdAsia Video Production and place the video ads across the AdAsia Video Network. This allows for consolidated management, reporting, and tracking of budget expenditure on various marketing initiatives, through a single platform.

Kosuke Sogo, CEO and co-founder, AdAsia Holdings, said: “This move allows marketers to streamline their marketing efforts further through the AdAsia Digital Platform, and is yet another step towards developing a single platform that solves the needs of a modern marketer.”

“With the number of eyeballs on mobile devices and cross-device social media usage in this region, brand storytelling has never been easier. This makes influencer marketing highly relevant in Asia, and marketers should explore opportunities of tying influencer marketing with programmatic advertising,” he said.

AdAsia consultants are also available, to guide marketers with their influencer marketing campaigns and usage of the platform.

The CastingAsia platform will be made available to clients today.

About AdAsia Holdings Pte. Ltd.

AdAsia Holdings is one of the fastest growing advertising companies in Asia — launched in April 2016 by Kosuke Sogo. AdAsia Holdings aims to enhance marketers’ prowess through a single platform, and aims to become the number one advertising company in Asia. AdAsia Holdings is a strong believer in localized support, and has offices in Singapore and Bangkok, with plans to further expand into Indonesia, Vietnam, Taiwan, Hong Kong and Japan by 2016, India, Malaysia and Philippines in 2017, and mainland China in 2018.

About AdAsia Digital Platform

AdAsia Digital Platform is an integrated advertising platform capable of managing functions of programmatic buying and reporting, influencer marketing and video production in a single platform. Advertising agencies, marketers and advertisers can serve their ads on multiple DSPs, advertising networks, AdAsia Video Network, and AdAsia Ad Network – an advertising network for Southeast Asia’s various local premium media and publishers.

Media Contact:

Chris Lu

PR Associate

+65 9221 0608 / +65 6809 2111

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Source: AdAsia Holdings
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Written by asiafreshnews

August 26, 2016 at 11:45 am

Posted in Uncategorized

Sansiri Hosts an Ultimate Lifestyle Experience of ‘Experience the Taste of Thai’ Wine Pairing Dinner for Singapore Customers

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SINGAPORE /PRNewswire/ — Sansiri Public Company Limited, Thailand’s leading and only fully-integrated property developer, led by Mr. Uthai Uthaisangsuk (1st pic: far left), Senior Executive Vice President Business Development and Project Development (High Rise) and Mr.Cobby Leathers (1st pic: far right), Head of International Business recently host a prestigious wine pairing dinner under the concept ‘Experience The Taste of Thai’ for valuable Singapore customers to experience the ultimate fine dining indulgence with finest world-class wine amidst flora and fauna at Pollen, Gardens by The Bay, Singapore. The event was organized under ‘Sansiri’s Family’, customers rewards programme, to reinforce its brand positioning through after-sales service as a property brand that continues to deliver beyond a lifestyle experience to customers.

Mr. Uthai Uthaisangsuk (left) and Mr. Cobby Leathers (right) welcomes Singapore customers at the dinner
Mr. Uthai Uthaisangsuk (left) and Mr. Cobby Leathers (right) welcomes Singapore customers at the dinner

Customers enjoys thier the ultimate fine dining indulgence with finest world-class wine amidst flora and fauna at Pollen, Gardens by The Bay
Customers enjoys thier the ultimate fine dining indulgence with finest world-class wine amidst flora and fauna at Pollen, Gardens by The Bay
Sansiri contributes revenue USD 100 million in 2015 up to 135 per cent from 2014 from international markets and currently has over 1,300 foreign customers worldwide.

For more information about Sansiri, please visit:

About Sansiri

Sansiri is widely regarded as Thailand’s leading developer of quality homes, townhouses, and condominiums and the country’s only fully integrated property developer. With a workforce of 3,400 employees, Sansiri has built more than 300 projects throughout Thailand and a residential building in London during its 32-year history, all with a strong emphasis on design and livability. Sansiri provides comprehensive services that go beyond those of traditional developers: concierge services, property management, sales brokerage, and long-term resort rentals. In 2015, the company’s revenues totaled more than USD $1billion.

For media enquiries, please contact:

Sansiri PLC
Kamonwan Prasitwuttivech (Joy) / Jirapha Rachasuthee (May)
Tel: +6681-750-8003 / +6680-268-8228
Email: /

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Source: Sansiri Public Company Limited
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Written by asiafreshnews

August 26, 2016 at 11:38 am

Posted in Uncategorized

New Silkroutes Group’s Oil & Gas Unit on Track to Achieve Over US$225M in Revenue in FY2017

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SINGAPORE /PRNewswire/ —

– Target is more than four times the US$49.6 million generated in FY2016

Just over a year after it started operations, International Energy Group (“IEG”), a wholly owned subsidiary of New Silkroutes Group (“NSG” or “the Group”), said today it is on track to generate more than US$225 million in revenue by the end of its current financial year ending 30 June 2017 (“FY2017”).

That will mark the Group’s highest revenue in more than a decade. NSG, previously known as Digiland International Limited, had achieved revenue that exceeded US$200 million 12 years ago in FY2004, as a distributor of consumer IT products. NSG no longer distributes such products, and is evolving into an investment holding company with businesses in energy and resources, infocomm technology, healthcare and fund management.

IEG currently accounts for most of NSG’s revenue. Headquartered in Singapore, IEG commenced operations in June last year as an oil and gas trader. It has since grown rapidly despite the worst slump in oil prices in recent history.

For the 12 months from 1 July 2015 to 30 June 2016 (“FY2016”), IEG generated revenue of US$49.6 million, of which US$32.6 million was achieved in the final quarter, US$9.5 million from January to March, US$5.8 million from October to December and the rest from July to September. It eked out a modest profit at its inception and ended the financial year in the black as revenue swelled.

Building on its growth momentum, IEG expects revenue to exceed US$225 million in the current financial year. This will be driven by new credit facilities the company recently obtained from several international banks.

Mr Artun Gursel, book leader for IEG, said: “We are not affected by the collapse in oil prices or the global glut in oil as we are asset-light with zero corporate debt. We earn a margin by adding value in the way we secure supplies and deliver to buyers. The entire process is carried out in the most efficient way possible. Low oil prices and the excess supply of oil work to our advantage as we can handle more volume and trade more cost effectively.”

Aligning itself with China’s “One Belt One Road” policy, IEG initially targeted buyers mainly in Southeast Asia, North Asia and the Indian subcontinent. Its counterparties include oil majors and national oil companies. It has since started trading in China and Europe and intends to further expand its geographical reach.

IEG also expects to eventually manage and own oil storage facilities in Asia and Europe. As announced in May 2015, IEG has a joint venture with the government of Malta to develop the Southern European island into an energy trading hub between the two continents.

About New Silkroutes Group Limited

New Silkroutes Group (Bloomberg: NSG SP) is a Singapore-incorporated company (established on 25 Jan 1994) listed on the Mainboard of Singapore Exchange Securities Trading Ltd (SGX). It is evolving into an investment holding company with core competencies in Capabilities Enablement, Capital Allocation, and (Policy) Analysis. The group, through its subsidiaries and associate companies, has exposure to key sector verticals, including Energy/Resources, Healthcare, and Infocomm Technology with a focus on Security & Governance.

About International Energy Group Pte Ltd

Founded in August 2014, International Energy Group (IEG) is an oil and gas company headquartered in Singapore. IEG is a 100% subsidiary of New Silkroutes Group Limited, and comprises several affiliated companies wholly or partially owned. One of these companies, IEG Malta Limited, headquartered in Malta, is a joint venture between IEG and the Maltese Government. IEG also manages a network of wholesalers with distribution channels in South Korea, Vietnam and other countries in Asia.

For enquiries, please contact:

New Silkroutes Group Limited

WeR1Consultants Pte Ltd
3 Phillip Street, #12-01, Royal Group Building
Singapore 048693
Tel: (65) 6737 4844
Frankie Ho —

Source: New Silkroutes Group Limited
Related stocks: Singapore:BMT

Written by asiafreshnews

August 26, 2016 at 11:06 am

Posted in Uncategorized

Innotribe and Innovate Finance Launch Global FinTech Hubs Federation Initiative

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-FinTech associations and network providers from more than 20 countries join Innotribe and Innovate Finance to form the Global FinTech Hubs Federation
SINGAPORE /PRNewswire/ — Innotribe, SWIFT’s innovation arm, and Innovate Finance, the independent membership organisation for global FinTech, today announced the launch of the Global FinTech Hubs Federation (GFHF) to help foster innovation across the world’s financial services industry. To date, more than 20 countries – including Canada, China, Germany, Mexico, Switzerland, and the United Kingdom, to name a few – are participating in the GFHF, with more countries expected to join in the coming months.

As an independent and inclusive global network of FinTech hubs, GFHF aims to fulfil the need within the international FinTech community to create a truly cross border and open platform that brings together established and emerging FinTech hubs.

The GFHF will provide a global voice and global stage for FinTech hubs, with participants gaining an influential point of engagement with international stakeholders and like-minded organisations from across the world. It will also facilitate access to key international events including Sibos and the Innovate Finance Global Summit, as well as accessing events hosted by GFHF participants.

The idea behind the initiative emerged from Sibos 2015, where Innotribe dedicated a session of its four day programme to the rise of FinTech hubs globally. With the increasing number of FinTech hubs over the last few years, every city wants to become the FinTech capital of the world. There is a strong battle for talent, startups and investment by economic financial centres. Based on original research commissioned by Innotribe, the session compared eight FinTech hubs: Brussels, London, Luxembourg, New York, Silicon Valley, Singapore, Switzerland, and Sydney — giving them the platform to share their activities and ambitions.

“As the FinTech sector develops globally, it has never been as important to encourage discussion and collaboration within the financial industry,” said Fabian Vandenreydt, Global Head of Securities Markets, Innotribe and The SWIFT Institute at SWIFT. “Being one of the premier global innovation platforms, SWIFT Innotribe looks forward to foster a bigger and stronger FinTech ecosystem through this initiative, bringing its expertise and leveraging its network for the benefit of the banking and startup communities.”

The discussions continued during Innovate Finance’s Global Summit earlier this year, where Innotribe and Innovate Finance saw an opportunity for the financial industry to engage collaboratively to accelerate the pace of financial innovation through a brand new initiative: the GFHF.

Lawrence Wintermeyer, CEO of Innovate Finance said: “Coordination and cross border dialogue between emerging FinTech startups, established FinTech companies, financial institutions and policy makers remains key for long term success of our sector. The launch of the GFHF will provide a platform for global FinTech players and hubs to share knowledge and build an inclusive community network that will help accelerate the growth and influence of global FinTech and help shape a better financial services future.”

GFHF is open to participants that nurture the development of FinTech ecosystem in their region and abroad. The federation aims to democratically support global engagement, best practices and standardise knowledge across the sector, as well as build bridges and support member FinTech hubs.

Following the launch of the GFHF, different FinTech hubs will be invited to Sibos again this year, as a follow-up to Innotribe’s FinTech benchmark session in Singapore in 2015. The event will be organised in Geneva, from 26-29 September 2016. FinTech hubs are essential to create the right dynamic, approach and support to FinTech within the financial industry, and Sibos is the perfect occasion to deepen collaboration and debate.

The federation will also publish its inaugural report later this year. This report will establish the 2016 baseline for over 20 emerging and established FinTech hubs and will be developed in collaboration with Deloitte.

For more information about the federation, download the flyer or visit the new website:

About Innotribe

Launched in 2009, Innotribe was created to identify the emerging technologies and innovative trends surrounding the financial services industry and generate discussions on their potential impact moving forward. Benefitting from SWIFT’s central position, Innotribe provides a platform to the global financial community to understand the dynamics behind technology changes and to help focus on the opportunities for transformation rather than the threats to current market practices. For more information, please visit or follow us on Twitter: @innotribe and Linkedin: Innotribe.

About Innovate Finance

Innovate Finance is an independent membership association that represents the UK’s global FinTech community. Founded in 2014 with the backing of the City of London and Canary Wharf Group, Innovate Finance is a not-for-profit that aims to accelerate the country’s leading position in the global financial services sector by directly supporting the next era of technology-led financial services innovators, whether they be a young startup or an established industry player.

The goal is to create a single point of access across the sectors to help foster enabling policies, regulation, talent development, business growth opportunities and investment in the UK – and, most importantly, to create a global finance sector that offers services that are more sustainable, more inclusive and better for everyone. For more information, please visit or follow us on Twitter: @innfin and LinkedIn: Innovate Finance


+44 (0) 20 7426 9400

Innovate Finance
Georgia Hanias, Global Head of Communications
+44 (0) 7769706352

Source: S.W.I.F.T.SCRL
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Written by asiafreshnews

August 26, 2016 at 9:58 am

Posted in Uncategorized