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Archive for August 30th, 2016

Billy brings free accounting software to U.S.

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PORTLAND, Ore. /PRNewswire/ — Billy announced today the release of its free, cloud-based accounting software for small businesses and entrepreneurs. Users can get their free accounts at http://www.BillyApp.com and be up-and-running in under two minutes.

Experience the interactive Multimedia News Release here: http://www.multivu.com/players/English/79048241-billy-free-accounting-software/

“Our platform has been built from the ground up by entrepreneurs, for entrepreneurs,” said Billy’s founder Toke Kruse. “I met so many small business owners that, like me, were very frustrated with how unnecessarily complex Quickbooks was, so I decided to build a much more user-friendly alternative. My partner and I met with hundreds of entrepreneurs and freelancers all over America. They told us exactly what they wanted in an accounting software and we built a solution perfectly tailored to their specific needs.”

Billy allows users to create beautiful, personalized invoices in seconds, email them to their clients with one click and get paid online instantly. “Entrepreneurs need to get paid fast, so we made collecting as easy and efficient as it can possibly be,” said Zeke Camusio, Billy’s CEO.

Billy makes it very easy for entrepreneurs to keep track of their business expenses, so they can see where their money is going and make smart business decisions. “A lot of our users have been keeping receipts in envelopes and using rudimentary spreadsheets for years. They’re amazed at how much more profitable they can be when they’re on top of their finances. Not to mention, tax season is so much easier when everything is well organized,” said Camusio.

Although 98% of Billy’s users choose the free version of the product, Billy also offers a premium version for $29/month that offers recurring invoicing, a quote creator feature and phone support.

Billy was born in Denmark in 2012 and has grown its user base to over 42,000 paying subscribers in just four years. After years spent developing an American version of its software, the company has set up an office in Portland, OR and will now offer users the exact same functionality free of charge. Billy is a cloud-based product available on PC, Mac, tablets and smartphones internationally.

Source: Billy’s Billing Corp.
Related Links:
http://www.BillyApp.com

Written by asiafreshnews

August 30, 2016 at 3:24 pm

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First Elevator World Tour Event in Asia to be Held at Hong Kong’s Tallest Building

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-The Elevator World Tour™ will have 100 best startups in the region delivering their pitch in an actual elevator as they compete for a US$100,000 investment
MONTREAL and HONG KONG /PRNewswire/ — Startupfest, Canada’s leading Startup event organiser, in partnership with Hong Kong Science and Technology Parks Corporation (“HKSTP”), today announced that they will stage the Asia’s leg of Elevator World Tour™ in Hong Kong on October 13th at the city’s tallest building International Commerce Centre (“ICC”).

One hundred of the region’s most promising startups will pitch a panel of investors and experts inside the elevator of ICC. In the 60 second’s elevator ride, the contestants need to convince and engage the judges compellingly so as to get a place in the top 10 finalists who will proceed to the last session of the event where 10 would-be angel investors will listen to their stories one more time before deciding to whom they will invest US$100,000.

Elevator World Tour™ is a well-known worldwide start-up contest that runs literal elevator pitches in some of the world’s most iconic buildings. So far three cities have hosted this renowned event in their landmark architecture including Toronto’s CN tower, the Azrieli Tower in Tel Aviv and the Eiffel Tower in Paris. Hong Kong is chosen as the only stop in Asia to host this unique start-up event, with upcoming events in Rio de Janeiro, Barcelona, Berlin, Dubai and Santiago.

“We’re thrilled to collaborate with HKSTP to host the Asia leg of Elevator World Tour™ in Hong Kong,” said Phil Telio, the event’s founder. “It’s a reminder that the city has a long tradition of entrepreneur spirit, and that the world’s greatest companies start with a great idea and an unstoppable founder.”

“We at HKSTP endeavor to assist start-ups to move their ideas from drawing boards to markets. In today’s increasingly crowded start-up scene, acquiring the skill to convince potential investor is fundamental and learning to tell your story in a compelling way becomes indispensable. We are proud to bring this prestigious event to Hong Kong as we believe the entrepreneurs in the region will benefit greatly from this event,” said Albert Wong, Chief Executive Officer of HKSTP.

Enrolment to the contest has just started and will be closed on September 13th. Start-ups with less than 5 years’ of establishment can apply to pitch at https://hkstp.wufoo.com/forms/qqvo6ft0dwpu1t/. The event will take place from 5:00 PM to 10:00 PM on October 13th, on the 100th floor of the ICC – Sky 100. The list of 100 aspiring startups qualified for the contest will be announced on http://www.apacinnosummit.net/EWT/#startups.

Overseas judges so far include Jamie O’Hara of Grise Global Groupe and Philippe Telio of Startupfest , while local judges are Carman Chan of Click Ventures, Patrick Albert of GNAC Sarl, Samson Tam of Hong Kong Business Angel Network, Alfred Lin of SpeedPixel Venture and Gordon Yen of Radiant Venture Capital Ltd. More will be named shortly.

More information about the Elevator World Tour™ Hong Kong is available at http://www.apacinnosummit.net/EWT/.

About the Elevator World Tour™

The Elevator World Tour™ (http://www.elevatorworldtour.com) travels to the world’s most active startup cities, and the world’s most impressive elevators, connecting entrepreneurs and investors around the globe. The Tour is a spinoff of the International Startup Festival (http://www.startupfest.com), an event for startups, entrepreneurs, and investors that brings over 3,000 people from 20 countries together each year.

About Hong Kong Science and Technology Parks Corporation

Comprising Science Park, InnoCentre and Industrial Estates, Hong Kong Science & Technology Parks Corporation (HKSTP) is a statutory body dedicated to building a vibrant innovation and technology ecosystem to connect stakeholders, nurture technology talents, facilitate collaboration, and catalyse innovations to deliver social and economic benefits to Hong Kong and the region.

Established in May 2001, HKSTP has been driving the development of Hong Kong into a regional hub for innovation and growth in several focused clusters including Electronics, Information & Communications Technology, Green Technology, Biomedical Technology, Materials and Precision Engineering. We enable science and technology companies to nurture ideas, innovate and grow, supported by our R&D facilities, infrastructure, and market-led laboratories and technical centres with professional support services. We also offer value added services and comprehensive incubation programmes for technology start-ups to accelerate their growth.

Technology businesses benefit from our specialised services and infrastructure at Science Park for applied research and product development; enterprises can find creative design support at InnoCentre; while skill-intensive businesses are served by our three industrial estates at Tai Po, Tseung Kwan O and Yuen Long.

More information about HKSTP is available at http://www.hkstp.org.

Source: The Hong Kong Science and Technology Parks Corporation
Related Links:
http://www.elevatorworldtour.com
http://www.startupfest.com
http://www.hkstp.org

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August 30, 2016 at 3:08 pm

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Alibaba and UTCC Join Forces to Create an International E-commerce Program For the First Time in Thailand

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BANGKOK /PRNewswire/ — University of the Thai Chamber of Commerce (UTCC), Asia’s leading business university with a commitment to creating innovation driven entrepreneurship, offers innovative entrepreneurship courses to students in every faculty via the digital hybrid learning system. While its EGG Project, aimed at training students to start startups, provides an opportunity for student to run a real business and prepare them to enter the era of digital economy and Thailand 4.0.

University of the Thai Chamber of Commerce (UTCC), Asia’s leading business university based in Bangkok, Thailand partners with Alibaba.com, China’s largest online shopping platform, to offer a certificate program in e-commerce for Thai entrepreneurs and UTCC students to create online business-minded entrepreneurs and help them expand businesses globally.
University of the Thai Chamber of Commerce (UTCC), Asia’s leading business university based in Bangkok, Thailand partners with Alibaba.com, China’s largest online shopping platform, to offer a certificate program in e-commerce for Thai entrepreneurs and UTCC students to create online business-minded entrepreneurs and help them expand businesses globally.
Alibaba.com, China’s largest online shopping platform under the leadership of tycoon Jack Ma, earlier this year announced its move to acquire Lazada from the Germany-based Rocket Internet, which will help it tap into the ASEAN market. Alibaba and UTCC, represented by UTCC president Associate Professor Dr. Sauwanee Thairungroj, UTCC senior vice-president for academic affairs and research Assistant Professor Dr. Thanawat Polvichai, and Alibaba.com Thailand country manager Jerry Wu, have joined hands to offer a certificate program in e-commerce for Thai entrepreneurs and UTCC students in order to create 4.0 business-minded entrepreneurs. For the first time, there will be an “exclusive dream trip” to Alibaba.com headquarters in Hangzhou, China for full e-commerce training.

Associate Professor Sauwanee said under the cooperation of UTCC and Alibaba.com, the university prepares to provide short-term training for SME entrepreneurs who will receive a certificate from Alibaba. All UTCC students, currently numbering over 20,000, will also receive the training as part of their exit exam, which will ensure that all UTCC graduates are equipped with e-commerce knowledge, especially on the Alibaba platform. In addition, there will be an exclusive dream trip to bring Thai SMEs to Alibaba headquarters in Hangzhou, China to learn about corporate culture, online trading, import and export, and Alibaba.com membership.

The UTCC president said Alibaba Thailand, UTCC and the Thai Chamber of Commerce share the intention to strengthen competitiveness of Thai SMEs and help them expand their businesses overseas. E-commerce will become necessary for all entrepreneurs and will provide them with a global platform for their products, while UTCC students will become the 4.0 business-minded entrepreneurs driven by innovation or “innovation driven entrepreneurs” under the university policy.

Mr. Wu said Alibaba.com looks to provide Thai SMEs with knowledge and capability in exporting. He said Thai people are familiar with e-commerce but lack confidence on the security of the system as well as the knowledge on how to export via Alibaba.com. Therefore, Alibaba has entered into a partnership with UTCC to provide training for Thai entrepreneurs on e-commerce, which will be the first time in Thailand. He expects to see 5,000 SME entrepreneurs become Alibaba.com members. Alibaba believes UTCC is a great partner as the university shares its goal to develop Thai entrepreneurs, the culture of innovative idea and way of doing business, creativity and quick action.

Mr. Surapon Vongvadhanaroj, Vice Chairman of Thai Chamber of Commerce, said the Thai SMEs lack understanding on e-commerce, which will become necessary in the future. The partnership of UTCC and Alibaba.com will play a role in developing over 80,000 chamber members all over the country and helping them expand their businesses globally.

The signing of the memorandum of understanding will create an e-commerce capability for UTCC students and faculty members as well as Thai entrepreneurs, allowing them to utilize online trading on Alibaba.com, learn techniques to generate millions from online shops, exchange experiences with Alibaba Chinese Gold Members and access one-on-one consultation on selling products on the Alibaba platform.

For more information, please contact:
Pitchpatu Waiyachote
University of the Thai Chamber of Commerce
Mobile: +66-92-262-2729
Email: pitchpatu_wai@utcc.ac.th

Photo – http://photos.prnasia.com/prnh/20160829/8521605420

Source: University of the Thai Chamber of Commerce (UTCC)

Written by asiafreshnews

August 30, 2016 at 2:56 pm

Posted in Uncategorized

Gwangju Biennale Art Festival to Open Next Week

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GWANGJU, South Korea /PRNewswire/ — The opening ceremony of the 2016 Gwangju Biennale, Asia’s oldest contemporary art biennale, is set to begin in the South Korean city of Gwangju next week, the festival’s foundation said Friday.

Gwangju Biennale art festival to open next week
Gwangju Biennale art festival to open next week
During the ceremony, set to start at the plaza in front of the Gwangju Biennale Exhibition Halo at 6:40 p.m. Thursday, Park Yang-woo, chief of the Gwangju Biennale Foundation, is scheduled to open the Sept. 2-Nov. 6 exhibition that is dedicated to the exploration of the state and function of art.

Gwangju Mayor Yoon Jang-hyun and Culture, Sports and Tourism Minister Kim Jong-deok are to give a welcoming address and a congratulatory address, respectively. The foundation will also hold a ceremony to mark the appointment of actor Hyun Bin as a promotional ambassador for the event.

The opening ceremony will be followed by the awarding of the Noon Awards to an established artist who has contributed to the development of art and a promising young artist, with a prize of US$10,000 and $5,000, respectively.

The festivities will culminate when Gwangju citizens release LED balloons into the sky in a gesture to wish the event success.

Among the participants in the ceremony will be British Ambassador to South Korea Charles Hay; Martin Fryer, head of the British Cultural Center in Seoul; and Anthony Chaumuzeau, chief of the French Cultural Center in Seoul.

Leading figures from the global art field who will visit the South Korean city during the 66-day event include American curator Carolyn Christov-Bakargiev; Liverpool Biennial director Sally Tallant; Bartomeu Mari, director of the National Museum of Contemporary Art; Hirshhorn Museum director Melissa Chiu; and Mori Art Museum chief director Mami Kataoka, who served as a co-director of the 2012 Gwangju Biennale.

As the event’s opening gets near, works by participating artists are being installed.

The 29-meter wide and 16-meter-long “Information Skies” work by Metahaven, a renowned graphic design team based in Amsterdam hangs on an exterior wall of the exhibition hall.

“Dawn Breaks,” a collaborative work by South Korean artists Lee Joo-yo and Jung Ji-hyun, who have been active in Seoul and New York, has been installed in the city. The work will be utilized as a performance device that brings strangers together to share their separate and scattered stories.

The 11th Gwangju Biennale will bring together 120 artists from 37 countries with its focus around the question, “What does art do?”

Originally founded in 1995 in memory of the 1980 pro-democracy uprising in Gwangju, the biennale has become a cultural conduit for the city not only from South Korea to the rest of Asia but also to the rest of the world.

Photo – http://photos.prnasia.com/prnh/20160826/8521605402

Source: Gwangju Biennale Foundation

Written by asiafreshnews

August 30, 2016 at 2:46 pm

Posted in Uncategorized

Veritas Launches Resiliency Platform 2.0 Boosting VMware Integration to Power Single-Click Resiliency Across Complex, Hybrid Environments

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SINGAPORE /PRNewswire/ — Veritas Technologies, the leader in information management, today announced the release of Veritas Resiliency Platform 2.0, featuring a built-in VMware certified data mover that achieves a significantly lower Recovery Point Objective (RPO) compared to VMware’s native data mover VMware vSphere Replication.

Resiliency Platform empowers organizations to maintain critical business uptime across complex, multi-platform and multi-­vendor private, public and hybrid cloud environments by delivering predictability for all resiliency operations, including workload migration, failover, failback, data protection, and non-­disruptive recovery testing. The built-­in data mover in Resiliency Platform 2.0 simplifies the management of critical services’ uptime by integrating seamlessly into VMware environments, so organizations can gain greater benefits from their existing VMware investments. In addition, organizations can achieve increased benefits from other IT investments with Resiliency Platform’s support for industry-leading high availability solutions, 3rd party hardware-­based data movers and other virtualization platforms such as Microsoft Hyper-­V. The new built-­in data mover in 2.0 further strengthens Veritas’ commitment to empower organizations to architect their IT postures with freedom of choice.

“Hybrid cloud architectures are the new norm as organizations move beyond their traditional on-­premise data centers into the cloud,” said Mike Palmer, GM/SVP at Veritas. “Resiliency Platform 2.0 helps businesses ensure resiliency for their critical business applications and associated data across their constantly evolving IT environments with a single solution no matter what the underlying technologies are.”

Predictably managing business uptime in a 24×7 world is a major issue as applications are often running across multiple platforms, operating systems as well as rely on various storage vendors for hosting application data. The Enterprise Strategy Group states that 51% of organizations have a downtime tolerance of less than 1 hour, but only 22% of them have the assurance that they can recover predictably with over a 90% success rate for their recovery tests1. In some cases business applications may even have individual tiers running in different locations. In such complex environments relying on manual processes, spreadsheets or point tools to manage resiliency leads to a lack of centralized visibility, inefficiencies, unpredictability and most importantly – ­an increased risk of downtime. With this new release, Resiliency Platform 2.0 allows organizations to implement a business resiliency strategy that provides predictability in meeting Service Level Objectives like Recovery Time Objectives and Recovery Point Objectives across complex, multi-platform and multi-vendor private, public and hybrid cloud environments.

Key capabilities of Resiliency Platform 2.0 include:

Ease of management for business resiliency across multi-­platform, multi-­vendor environments with a single solution
Comprehensive visibility via a single dashboard into real-­time health of all applications, virtual machines, multi-­tier business services and data movers across sites
Lower RPOs and flexibility of data mover choice with new VMware certified built-in data mover
Predictability of meeting RTOs and RPOs via automation and orchestration for all resiliency operations
The latest release of Resiliency Platform helps ensure that businesses can meet their Service Level Objectives for all their business applications, whether they need to protect their most mission-­critical applications from any downtime or less-­critical systems from extended downtime.

Learn more about the Veritas Resiliency Platform here.

We’ll be showcasing this technology and more at VMworld 2016 in Las Vegas. Please visit Booth # 849 or contact us to setup a demo.

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. http://www.veritas.com

2016 Veritas Technologies LLC. All right reserved. 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.

Media Contacts
Neritta Low / Marc Lee
Text100 Singapore
+65-6603-9000
veritas@text100.com.sg

1. Evolving Business Continuity and Disaster Recovery Landscape Enterprise Strategy Group, Feb 2016.

Logo – http://photos.prnasia.com/prnh/20150408/8521502200

Source: Veritas
Related Links:
http://www.veritas.com

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August 30, 2016 at 2:44 pm

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World Design Capital Taipei 2016 reveals prestigious keynote speaker lineup for trailblazing International Design Policy Conference

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-Global panel of design policy experts — including Jussi Pajunen (Finland), Julia Kloiber (Germany), Kazuo Tanaka (Japan), Jocelyn Wyatt (USA), Rama Gheerawo (United Kingdom), and Shikuan Chen (Taiwan) — to share insights into integration of design thinking into public policy
TAIPEI, Taiwan /PRNewswire/ — The International Design Policy Conference, one of four Signature Events taking place in October as part of the World Design Capital® (WDC) Taipei 2016, has revealed a panel of five distinguished keynote speakers including design professionals, policy experts, government figures, and academics from around the world. Visitors to Taipei in October are warmly welcomed to attend.

Keynote Speakers (clockwise from top left): Julia Kloiber, Project Lead, Open Knowledge Foundation Germany; Kazuo Tanaka, President of GK Design Group Inc.; Jussi Pajunen, Mayor of Helsinki; Jocelyn Wyatt, Co-Lead and Executive Director of IDEO.org; Shikuan Chen, Vice President, Experience Design Compal Electronics, Inc.; and Rama Gheerawo, Director of the Helen Hamlyn Centre for Design and the RCA Reader in Inclusive Design. Image courtesy of World Design Capital Taipei 2016.
Keynote Speakers (clockwise from top left): Julia Kloiber, Project Lead, Open Knowledge Foundation Germany; Kazuo Tanaka, President of GK Design Group Inc.; Jussi Pajunen, Mayor of Helsinki; Jocelyn Wyatt, Co-Lead and Executive Director of IDEO.org; Shikuan Chen, Vice President, Experience Design Compal Electronics, Inc.; and Rama Gheerawo, Director of the Helen Hamlyn Centre for Design and the RCA Reader in Inclusive Design. Image courtesy of World Design Capital Taipei 2016.
The International Design Policy Conference aims to ignite international dialogue about how to integrate design thinking into public policy and shape the future of global cities. The panel will discuss critical issues at the forefront of current debates on design, including its social impact, effective design policy, future living, and the sustainability of cities.

The panel will include Mayor of Helsinki Jussi Pajunen, who oversaw Helsinki’s successful bid for the WDC title in 2012 and has a keen understanding of the impact that design can have on citizens’ lives. The Design Driven City, a two-year program implemented by Mayor Pajunen’s city government to ensure the continuing legacy of the WDC Helsinki 2012, has been widely celebrated.

Julia Kloiber, Rama Gheerawo, Jocelyn Wyatt, Kazuo Tanaka, and Shikuan Chen will also be present at the conference, lending their insights into designing for a better society. Kloiber is a German designer and activist who works for the Open Knowledge Foundation in Germany; she is also a prominent advocate for social change through open data, and leads civic tech hackathons around the world. Gheerawo is leader of the Age & Ability Research Lab of the Helen Hamlyn Centre for Design, whose work revolves around socially inclusive, people-centered design for the elderly.

Jocelyn Wyatt is the Co-Lead and Executive Director of IDEO.org, a nonprofit design organization that designs products, services, and experiences to improve the lives of people in poor and vulnerable communities, and runs programs to train other organizations to do the same. Kazuo Tanaka is president of GK Design Group Incorporated, a comprehensive freelance design office founded in Japan in 1952, which has produced signs, maps, and other creations for multiple public city transport systems. Shikuan Chen is Vice President of Experience Design at Compal Electronics Inc., where he heads a team of 200 design experts, and Board Director for the International Council of Societies for Industrial Design (Icsid). Chen also sits on the International Advisory Board of the World Design Capital Taipei 2016.

“The International Design Policy Conference is an opportunity for Taiwan to forge lasting bonds with the global community that will help secure an innovative path of development for our cities,” says Pei-ni Beatrice Hsieh, Commissioner of Taipei’ Department of Cultural Affairs, who will be hosting the conference. “As part of the legacy of the World Design Capital Taipei 2016, we hope this conference will be a fruitful exchange of cutting-edge ideas and knowledge about the integration of design into urban life.”

The conference will be held on the weekend of 15 and 16 October, at the Taipei International Convention Center. For further information, or to register for the conference, go to http://topic.cw.com.tw/forum/2016WDC/.

Other major events in October include the International Design House Exhibition, which will be on display at the Songshan Cultural and Creative Park from Thursday, October 13, until Sunday, October 30; the International Design Week Forum, which will be held at the Taipei Fine Arts Museum on Monday, October 17, and Tuesday, October 18; and the Network of Cities Meeting, an invitation-only event which will be held on Wednesday, October 12, and Thursday, October 13. For more information on WDC Taipei 2016 events, visit the official website (http://wdc2016.taipei/) or follow on Facebook (https://www.facebook.com/taipeidesign/).

High and low res images, along with caption details and supporting documents can be downloaded here: https://www.dropbox.com/sh/j08e0132lsxteho/AAB2j3GAqChk1XI8ubCvXjqWa?dl=0.

About WDC Taipei 2016

“Adaptive City — Design in Motion” was Taipei City’s core concept in its 2015 application to host World Design Capital 2016. How can we apply innovative “design thinking” practices to overcome the constraints that limited resources place on our city’s development, pursue continual change in our urban governance, create happiness in the lives of our citizens–providing them with a better quality of life in a more livable, forward-looking city? These are the goals for Taipei City. 2016 marks the beginning of an evolution for Taipei, where we will take advantage of the potential in change by “Engaging Communities,” “Connecting Information,” and “Revitalizing the City.” For more information on WDC Taipei 2016, visit the official website http://wdc2016.taipei/en/, or follow on Facebook https://www.facebook.com/taipeidesign/.

About World Design Capital

World Design Capital® (WDC) is designated by Icsid every two years to recognize a city’s innovative use of design for economic, social and cultural development and to showcase effective design-led urban revitalization strategies that other cities can benefit from. Past cities to hold the WDC title include Torino (Italy) in 2008, Seoul (South Korea) in 2010, Helsinki (Finland) in 2012, and Cape Town (South Africa) 2014. Taipei (Taiwan) is this year’s WDC, and Mexico City has just been named WDC 2018. For more information, please visit http://www.worlddesigncapital.com.

About the International Council of Societies of Industrial Design
The International Council of Societies of Industrial Design (Icsid) is an international non-governmental organization (INGO) founded in 1957 that promotes the profession of industrial design. Icsid recently approved a name change, World Design Organization, to be implemented and celebrated during its 60th anniversary in 2017. Icsid advocates industrial design driven innovation that creates a better world, engaging our more than 140 member organizations in collaborative efforts and carrying out international programming — World Design Capital®, World Design Impact Prize, World Industrial Design Day, and Interdesign. Icsid has United Nations Special Consultative Status. For more information, please visit http://www.icsid.org/.

Media Contact

Taipei City Government Contact

Saskia Kerkvliet

International Media Liaison

+886 2 2311 7007 *406

saskia.kerkvliet@ddg.com.tw

Olivia Hsu

World Design Capital Taipei 2016 Office

+886 2 2720 8889 *3657

bt-yunwei@mail.taipei.gov.tw

Taipei WDC Office Contact

Anne Chang

World Design Capital Taipei 2016 Office

+886 2 2745 8199 *410

anne_chang@tdc.org.tw

Photo – http://photos.prnasia.com/prnh/20160829/8521605417

Source: World Design Capital
Related Links:
http://www.worlddesigncapital.com

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August 30, 2016 at 12:40 pm

Posted in Uncategorized

SGX Launches SGX APAC ex-Japan Dividend Leaders REIT Index

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SINGAPORE /PRNewswire/ — Singapore Exchange (SGX) today announced the launch of the SGX APAC ex-Japan Dividend Leaders REIT Index, composed of 30 real estate investment trusts (REITs) across the Asia Pacific ex-Japan region. It will be the first SGX index to be used as a benchmark index for a new exchange-traded fund (ETF), which will be issued by Phillip Capital Management (S) Limited (Phillip Capital Management), the asset management arm of Phillip Capital.

The index is the first of its kind, comprised entirely of REITs in the Asia Pacific region that are dividend weighted, whilst also becoming accessible through an ETF. The dividend-weighted index measures the performance of REITs that pay the largest dividends within the Asia Pacific ex-Japan region, providing investors with the opportunity to participate in a portfolio offering significant and sustainable yields. The index’s total return over the twelve months to 29 July 2016 was 19.97%, demonstrating a yield over the same period of 4.53%.

Phillip Capital Management’s ETF, which will be listed on SGX, highlights the growing investor interest in ETFs in the region and attests to SGX’s status as the regional hub for REITs. The region’s ETF market is fast-developing and poised for strong growth, with ETF assets in Asia expected to reach US$560 billion by 2021[1].

Loh Boon Chye, CEO of SGX, said, “I am delighted with the launch of our first Pan-Asian index and that it will be used as a benchmark for an ETF. As SGX’s first truly regional index, it broadens our offering beyond the Singapore equity market, demonstrating our continued push to provide investors access to diverse opportunities. The demand for index-linked investment opportunities is increasing rapidly across Asia, and SGX is committed to supporting this growth through our comprehensive index services.”

Jeffrey Lee, MD and Co-CIO of Phillip Capital Management, said, “We are very excited to be working with SGX on producing a unique index where the underlying REIT constituents are weighted by total dividends paid in the preceding 12 months. The prospective ETF will offer investors transparent and low cost access to a diverse basket of quality REITs, many of which we have been investing in over the past decade through our actively-managed REIT funds. In view of the growing demand we see from our investors for sustainable income and the rise of passive investing, this is a highly opportune time to launch the first Asia Pacific REIT ETF comprising the region’s largest dividend-paying REITs.”

The SGX APAC ex-Japan Dividend Leaders REIT Index captures over 70% of the region’s REIT universe by total capitalisation, taking into consideration size, free-float and liquidity. All constituent weights are capped at 10% to ensure greater portfolio diversification. The index was designed and built using SGX’s in-house index engineering expertise, in consultation with Phillip Capital Management.

[1]

PwC 2016 survey “ETFs: A roadmap to growth”: http://www.pwccn.com/webmedia/doc/635930269661603177_am_etfs_growth_roadmap_mar2016.pdf

About Singapore Exchange (SGX)

Singapore Exchange is Asia’s leading and trusted market infrastructure, operating equity, fixed income and derivatives markets to the highest regulatory standards. As Asia’s most international, multi-asset exchange, SGX provides listing, trading, clearing, settlement, depository and data services and is Asia’s pioneering central counterparty. For more information, please visit http://www.sgx.com.

Media Contacts

Leela Pandit
Marketing & Communications
+65-6713-6834
Leela.pandit@sgx.com

Logo – http://photos.prnasia.com/prnh/20160826/8521605375LOGO

Source: Singapore Exchange
Related Links:
http://www.sgx.com

Written by asiafreshnews

August 30, 2016 at 12:37 pm

Posted in Uncategorized