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Archive for October 26th, 2016

Digital Impact Being Felt by Majority of Asia’s CIOs in 2016

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-Distributed IT, shadow IT and data security risks are the big issues as businesses across Asia and worldwide respond to the threat from digital disrupters

SINGAPORE /PRNewswire/ — Businesses across Asia are responding to the threat posed by digital disrupters like Uber and Airbnb, a trend that poses significant challenges for CIOs, a study carried out by international IT solutions and managed services provider Logicalis (www.logicalis.com) has revealed.

The Logicalis Global CIO Survey 2016 polled 101 CIOs in Asia and 708 CIOs worldwide found that the digital transformation of business is gathering pace, with 80% of companies in Asia now digitally enabled to some extent. This number is slightly higher and closely aligned with global findings, where 73% of companies are digitally enabled. Overall, the study found, digital adoption confirms to an innovation bell curve:

The digitally enabled innovators, or digital disrupters, account for 6% of businesses in Asia (7% globally).
Early adopters make up 21% of businesses in Asia (22% globally).
The early majority accounts for 53% of firms in Asia (45% globally), while 20% (22% globally) fall into the late majority.
“The results clearly indicate that digital transformation is already impacting organisations and we are seeing IT decisions increasingly being distributed throughout the business rather than being held centrally by IT. CIOs will have to work closely with line of business employees, who are now more tech savvy, to drive innovation and deliver better business outcomes,” said James Tay, CEO of Logicalis Asia.

“In time, we see IT becoming internal service providers and digital enablers. CIOs in Asia have shown that they are as similarly prepared as their global counterparts to embrace the transformation and reshape their roles.”

Big challenges for CIOs

This rapidly changing environment does indeed pose big challenges for CIOs, as the survey has found. CIOs have, for instance, less control over IT spending than ever before – 41% (40% globally) now say they make 50% of spending decisions or less.

CIOs also face the threat of line of business buying technology without involving IT at all. The proportion reporting that this happens often, very often or most of the time has impacted about a third, or 37% of CIOs in Asia (39% globally).

Distributed IT and the Shadow IT Department

One result of this loss of control is a move away from centralised IT, with more and more CIOs now operating in ‘distributed’ IT environments. This decentralisation of IT, a natural extension of ‘shadow IT,’ is no longer seen as subversive, however, and is instead viewed as a positive and essential element of digital transformation.

For example, though the vast majority, or 84% of CIOs in Asia, which is almost similar to 83% globally, report that line of business departments now employ IT people whose role is to support business function-specific software, applications and cloud services – shadow IT departments – CIOs seem content to work with them. About a fifth or 21% (22% globally) work with ‘shadow IT departments’ on a daily basis and 43% do so at least weekly, compared to 41% of CIOs globally.

Security challenges

Together, the combination of IoT, distributed IT and the increased pervasion of apps into the very core of the business – along with an ever-evolving threat landscape – represent a perfect security storm.

As a result, the CIOs surveyed cited security as far and away the biggest challenge related to the increased use of cloud services. About three quarters or 72% (78% globally) pointed to security as a challenge, with related issues like data sovereignty (37% in Asia; 47% globally) and local data regulations (26% in Asia; 37% globally) among the top 6 CIO concerns.

Looking at security threats in more detail, 52% of CIOs in Asia (61% globally) expect the prevalence of increasingly sophisticated threats to be the number one issue for the next 12 months, while issues like ransomware and corporate extortion were highlighted by about two-thirds (63%) of the CIOs, compared to 56% globally.

Looking outside for help

The sheer range of issues facing CIOs in Asia as a result of digital transformation means the pressure to hand off day-to-day technology management, to focus on strategy and reframe IT departments as internal service providers, is greater than ever.

In response, CIOs are increasingly seeking partner-led and delivered services. This year, about a quarter (21%) of CIOs in Asia (24% globally) outsource most of their IT (more than 50% outsourced), and the number outsourcing none or just 10% of their IT has fallen dramatically – respectively, to 7% (9% globally) this year from 29% (13% globally) in 2015 and to 9% (19% globally) this year from 14% (26% globally) in 2015.

“As digital innovation accelerates, the winners will create new customer experiences and make faster and better decisions through smarter collaboration. They can also scale their organisations by creating new digital business models and revenue streams securely,” said Mr Tay.

“CIOs and IT leaders can play a leading role in enabling that innovation, drawing on skills from insightful partners to help shape their businesses and lead their sectors through the application of digital technologies. Logicalis is actively engaging clients to enable them in their digital transformation journeys, so as to deliver real and tangible business outcomes in this constantly evolving business and technology environment.”

ABOUT LOGICALIS

Logicalis is an international multi-skilled solution provider providing digital enablement services to help customers harness digital technology and innovative services to deliver powerful business outcomes.

Our customers cross industries and geographical regions; and our focus is to engage in the dynamics of our customers vertical markets; including financial services, TMT (telecommunications, media and technology), education, healthcare, retail, government, manufacturing and professional services, and apply the skills of our 4,000 employees in modernising key digital pillars; data centre and cloud services, security and network infrastructure, workspace communications and collaboration, data and information strategies, and IT operation modernisation.

We are the advocates for our customers for some of the world’s leading technology companies including Cisco, HPE, IBM, CA Technologies, NetApp, Microsoft, Oracle, VMware and ServiceNow.

The Logicalis Group has annualised revenues of over $1.5 billion, from operations in Europe, North America, Latin America and Asia Pacific. It is a division of Datatec Limited, listed on the Johannesburg Stock Exchange and the AIM market of the LSE, with revenues of over $6.5 billion.

For more information, visit http://www.logicalis.com.

For press enquiries, contact

Arcis Communications (Singapore)
On behalf of Logicalis Singapore

Nadia Chand Raymond Tan
Account Manager Account Director
+65 6274 3283 / +65 9850 4957 +65 6274 3283 / +65 9673 9029
nadia@arciscommunications.com raymond@arciscommunications.com

Logo – http://photos.prnasia.com/prnh/20140117/8521400289LOGO

Source: Logicalis
Related Links:
http://www.logicalis.com

Written by asiafreshnews

October 26, 2016 at 8:01 pm

Posted in Uncategorized

Rock the Boat Returns for the Third Edition in Conjunction with One15 Christmas Boat Light Parade(TM)

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SINGAPORE /PRNewswire/ — ONE15 Marina Sentosa Cove, Singapore presents the third edition of Rock the Boat* 2016 in conjunction with ONE15 Christmas Boat Light Parade™ on 26 November 2016.

Expect the biggest Electronic Dance Music and remixes from the Global Top 50 on deck by DJ Boss, DJ Harvy, DJ Che’Molly and DJ Maverick on the high sea.

ITINERARY

Departing from ONE15 Marina Sentosa Cove at 2pm, guests will “rock” the boat with the DJs on a half hour cruise to Lazarus Island, where the party continues with water toys unleashed! Catch a tan, have a swim and listen to the creme de la creme as you get your fill of tipple on the sun-soaked island.

As the sun sets in the evening, the boats will sail towards Harbourfront Cruise Bay decked in colourful Christmas lights to join the ONE15 Christmas Boat Light Parade™ for judging. And the fun doesn’t stop there.

Embark on a fun-filled night under the stars at the Awards Ceremony & Closing Party back at the Club, by the poolside from 10pm till late. Celebrate the glory of the winner with the most original and creative design with free-flow beers, wines, and snacks

TIME

PROGRAMME

1pm

Registration at Boaters’ Bar

2pm

Boats set sail from ONE15 Marina Sentosa Cove

2.30pm

Arrival at Lazarus Island

Party & Entertainment

7pm

Depart Lazarus Island and head for Harbourfront Cruise Bay

9.15pm

Boats return to ONE15 Marina Sentosa Cove

10pm

Awards ceremony and closing party

TICKETS

Rock the Boat 2016 tickets are on sale now.

CATEGORY

ONE15 MEMBER

NON-MEMBER

Cat A

SGD220+

SGD240+

Includes a minimum of 2 cartons Carlsberg beer per boat.

Cat B

SGD250+

SGD270+

Includes a minimum of 2 cartons Carlsberg beer & 3 bottles of Snow Leopard Vodka per boat.

VIP

SGD350+

SGD380+

Includes a minimum of 6 cartons Carlsberg beer, 4 bottles of Snow Leopard Vodka & 10 bottles of Champagne per boat.

ONE15 Luxury Yachting is the official event organiser for Rock the Boat 2016.
For ticket sale and enquiries, please call 6305 9676 or email sales@one15luxuryyachting.com.

*Rock the Boat 2016 is a rain or shine event.

About ONE15 Marina Sentosa Cove, Singapore

Since its inauguration in 2007, ONE15 Marina Sentosa Cove, Singapore, is the winner of several international accolades including the Outstanding Hospitality Award at the Helm Magazine Singapore Yacht Show Awards 2013, Five-Time Winner of Asian Marina of the Year (2009, 2012 – 2014, 2016), and the prestigious FIVE Gold Anchor Award. The Club also has the honour of hosting upscale international yachting events including the Clipper 2013 – 14 Round the World Yacht Race, the Volvo Ocean Race 2008/09, Asia Superyacht Conference 2009 – 2011, Asia Pacific Superyacht Conference 2012 and 2013, the Asia Pacific Yachting Conference 2014 – 2016 and the Singapore Yacht Show 2011 – 2016. Located in Sentosa Cove, the prime leisure district of Singapore, ONE15 Marina Sentosa Cove, Singapore, features a beautiful marina of 270 berths with facilities to accommodate mega yachts of up to 200 feet. The well-appointed clubhouse encompasses world-class facilities including fine restaurants and bars, luxurious suite rooms, a modern spa, a well-equipped gymnasium, a members’ lounge and kids’ playroom as well as conference and meeting rooms. Evoking the glamour and elegance of Monte Carlo, ONE15 Marina Sentosa Cove, Singapore, is Asia’s most desired waterfront leisure destination.

Visit http://www.one15marina.com/ for more information.

Source: ONE15 Marina Sentosa Cove
Related Links:
http://www.one15marina.com/

Written by asiafreshnews

October 26, 2016 at 7:30 pm

Posted in Uncategorized

Tulwe Inc Launches Global App-based Music Contest, Gives People in Asia a Shot at Stardom

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-Palo Alto-based Tulwe Inc has opened a worldwide music contest for aspiring artists across Asia Pacific and other emerging markets. The app allows anyone to sing, record, and upload songs, but also garner votes from a global audience to win a record deal.
JAKARTA /PRNewswire/ — Earlier today, Silicon Valley-based tech company Tulwe Inc announced it has opened the Tulwe Global Music Contest in Asia Pacific and other emerging markets around the world. The competition is similar in nature to popular television shows like American Idol and X Factor, where the viewers determine who wins based on popular vote. What makes the Tulwe Global Music Contest different, however, is that its competition is worldwide, and penetrates even the most remote places on earth — such as Indonesia’s 17,000 islands — allowing anyone anywhere to get a shot at musical stardom.

Download Tulwe App Now on GooglePlay and AppStore
Download Tulwe App Now on GooglePlay and AppStore
Tulwe will sign a US$1 million record deal with the winner, while also giving the chance for contestants with a high number of votes an opportunity to sign recording deals for local or national production.

The Tulwe Global Music Contest is a worldwide music event taking place on your smartphone and launched via the company’s proprietary app Tulwe. Tulwe’s innovation is meant to serve as a channel through which anyone with talent, regardless of their physical location, can record and upload songs so long as they have access to the internet. All submissions will be scrutinized and voted on by users around the world.

Dr. Anthony Karim Adam, founder and CEO of Tulwe Inc, believes that everyone, regardless of their nationality and location, should be given the opportunity to showcase their singing talents on the global stage. According to him, the restrictions in current competitions in the US and Europe have made it difficult — sometimes impossible — for even the most talented individuals in emerging markets like Vietnam to join them.

“This is where Tulwe will fill in the gap,” says Adam. “Its simple interface will enable users to record and upload their songs from the comfort of their homes — wherever that may be — and get voted on by a global audience. This is likely one of the fastest ways to get noticed and build a music career without having to invest in getting to the right place at the right time. The Tulwe Global Music Contest has potential to change the way the music industry operates as a whole.”

While some music contests are franchised in different countries, auditions are generally held in major cities. This still proves to be a challenge for many talented singers from remote parts of the world who may not have the means to travel and take a shot at these competitions.

Adam adds that the Tulwe Global Music Contest is hoping to capture the attention of the 18-to-35-year-old worldwide audience segment, despite many of those outside this age group being avid viewers of traditional TV-based music contests. According to him, very little is known to the music industry about what kind of results a mobile app-based global music contest can produce. The closest example it can draw is the level of engagement musicians get on social media via smartphones.

He adds, “Our strategy is to motivate high school and university students in particular to remain active on the Tulwe platform and engage with one another, while giving them the opportunity to win scholarships to cover their school fees for a whole year.”

Making use of the latest models of phones from Apple, Huawei, and Samsung to record one’s performance, the winners will also give bragging rights to the smartphone companies, whose products will have empowered locals to rise to stardom with quality mobile recording tech. Adam believes this is a significant incentive to get smartphone brands more involved with and excited about the Tulwe Global Music Contest.

“We are anticipating a global audience of around 5 million active voters, which is a conservative figure, based on current TV trends of at least 10 million voters in the British X Factor, which is only limited to UK residents,” Adam explains. “Subsequently, the number of active voters is expected to double to at least 10 million during the live streaming phase when the semi-finalists are taken to an exotic location to film their practice, interact with fans, and finally to perform.”

Inline with the company’s campaign is awarding thousands of high school and university scholarships to users. Part of the Tulwe Global Initiative, a social corporate responsibility from Tulwe Inc, is that scholarships will be granted to students actively engaged with video content on the Tulwe app. These winners will be drawn from the millions of users that ultimately turn out. Tickets for front-row seats on board the Desert Rose yacht in Dubai with a musical performance by multi-platinum artist Akon at the product launch in November are likewise projected to encourage more downloads and increase the number of active users.

Contact:

Anthony Karim Adam | CEO
E: karim.adam@tulwe.com

Release prepared by:

Email: info@contentcollision.co
Phone: +62 877 8233 7902

Photo – http://photos.prnasia.com/prnh/20161021/8521606788

Source: TULWE & CONTENT COLLISION

Written by asiafreshnews

October 26, 2016 at 7:27 pm

Posted in Uncategorized

Siliconware Precision Industries Reports Unaudited Consolidated Financial Results For The Third Quarter of 2016

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TAICHUNG, Taiwan /PRNewswire/ — Siliconware Precision Industries Co., Ltd. (“SPIL” or the “Company”) (Taiwan Stock Exchange: 2325, NASDAQ: SPIL) today announced that its consolidated sales revenues for the third quarter of 2016 were NT$ 21,955 million, which represented a 1.3% growth in revenues compared to the second quarter of 2016 and a 9.6% growth in revenues compared to the third quarter of 2015. SPIL reported a net income of NT$ 2,692 million for the third quarter of 2016, compared with a net income of NT$ 2,809 million and a net income of NT$ 2,682 million for the second quarter of 2016 and the third quarter of 2015, respectively.

Basic earnings per share for this quarter was NT$ 0.86, and diluted earnings per ordinary share was NT$ 0.64. Basic earnings per ADS for this quarter was US$ 0.14, and diluted earnings per ADS was US$ 0.10.

All figures were prepared in accordance with T-IFRS on a consolidated basis.

Operating results review:

For the third quarter of 2016, net revenues from IC packaging were NT$ 19,219 million and represented 88% of total net revenues. Net revenues from testing operations were NT$ 2,736 million and represented 12% of total net revenues.
Cost of goods sold was NT$ 16,902 million, representing an increase of 1.9% compared to the second quarter of 2016 and an increase of 12.0% compared to the third quarter of 2015.
Raw materials costs were NT$ 7,394 million for the third quarter of 2016 and represented 33.7% of total net revenues, whereas raw materials costs were NT$ 7,261 million and represented 33.5% of total net revenues for the second quarter of 2016.
The accrued expenses of bonuses to employees accounted for under cost of goods sold totaled NT$ 239 million.
Gross profit was NT$ 5,053 million for the third quarter of 2016, representing a gross margin of 23.0%, which decreased from a gross margin of 23.5% for the second quarter of 2016 and decreased from 24.7% for the third quarter of 2015.
Total operating expenses for the third quarter of 2016 were NT$ 2,068 million, which included selling expenses of NT$ 252 million, administrative expenses of NT$ 790 million and R&D expenses of NT$ 1,026 million. Total operating expenses represented 9.4% of total net revenues for the third quarter of 2016.
The accrued expenses of bonuses to employees, directors accounted for under operating expenses totaled NT$ 134 million.
Operating income was NT$ 2,985 million for the third quarter of 2016, representing an operating margin of 13.6%, which increased from 13.3% for the second quarter of 2016 and decreased from 14.6% for the third quarter of 2015.
Non-operating items:
Our non-operating items were NT$ 175 million, including net gains of NT$ 341 million on fair value change of financial liabilities at fair value through profit or loss and net foreign exchange losses of NT$ 82 million.
Net income before tax was NT$ 3,160 million for the third quarter of 2016, which decreased from a net income before tax of NT$ 3,235 million for the second quarter of 2016 and increased from a net income before tax of NT$ 3,051 million for the third quarter of 2015.
Income tax expense was NT$ 468 million for the third quarter of 2016, compared with income tax expense of NT$ 426 million for the second quarter of 2016 and income tax expense of NT$ 368 million for the third quarter of 2015.
Net income was NT$ 2,692 million for the third quarter of 2016, which decreased from a net income of NT$ 2,809 million for the second quarter of 2016 and increased from a net income of NT$ 2,682 million for the third quarter of 2015.
Total number of shares outstanding was 3,116 million shares as of Sep 30, 2016. Basic earnings per share for this quarter was NT$ 0.86, and diluted earnings per ordinary share was NT$ 0.64. Basic earnings per ADS for this quarter was US$ 0.14, and diluted earnings per ADS was US$ 0.10.
Capital expenditure and balance sheet highlight:

Our cash balances totaled NT$ 19,177 million as of Sep 30, 2016 from NT$ 24,508 million as of June 30, 2016, and NT$ 22,437 million as of Sep 30, 2015.
Capital expenditures for the third quarter of 2016 totaled NT$ 4,949 million.
Total depreciation expenses for the third quarter of 2016 totaled NT$ 3,244 million.
IC packaging service:

Net revenues from IC packaging operations were NT$ 19,219 million for the third quarter of 2016, which represented an increase of NT$ 69 million or 0.4% compared to the second quarter of 2016.
Substrate-based packaging, leadframe-based packaging and wafer bumping & Flip Chip accounted for 29%, 18% and 41%, respectively, of total net revenues for the third quarter of 2016.
As of Sep 30, 2016 we had 8,013 wirebonders installed, of which 62 were added and 16 were disposed in the third quarter of 2016.
IC testing service:

Net revenues from testing operations were NT$ 2,736 million for the third quarter of 2016, which represented an increase of NT$ 206 million or 8.1% compared to the second quarter of 2016.
As of Sep 30, 2016 we had 579 testers installed, of which 6 were added and 3 were disposed in the third quarter of 2016.
For more information, please visit: http://photos.prnasia.com/prnk/20161024/8521606813

Revenue Analysis

Breakdown by end applications:

By application

3Q16

2Q16

Communication

66%

68%

Computing

12%

10%

Consumer

20%

20%

Memory

2%

2%

Breakdown by packaging type:

By application

3Q16

2Q16

Bumping & Flip Chip

41%

40%

Substrate Based

29%

31%

Leadframe Based

18%

17%

Testing

12%

12%

About SPIL

Siliconware Precision Industries Ltd. (“SPIL”) (NASDAQ:SPIL, Taiwan Stock Exchange: 2325) is a leading provider of comprehensive semiconductor assembly and test services. SPIL is dedicated to meeting all of its customers’ integrated circuit packaging and testing requirements, with turnkey solutions that range from design consultations, modeling and simulations, wafer bumping, wafer probe and sort, package assembly, final test, burn-in, to shipment. Products include advanced leadframe, substrate packages, wafer bumping and FCBGA, which are widely used in personal computers, communications, Internet appliances, cellular phones, digital cameras, cable modems, personal digital assistants and LCD monitors. SPIL supplies services and support to fabless design houses, integrated device manufacturers and wafer foundries globally. For further information, visit SPIL’s web site at http://www.spil.com.tw.

Safe Harbor Statement

The information herein contains forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933 and Section 21E of the U.S. Securities Exchange Act of 1934. We have based these forward-looking statements on our current expectation and projections about future events. Such forward-looking statements are inherently subject to known and unknown risks, uncertainties, assumptions about us and other factors that may cause the actual performance, financial condition or results of operations of SPIL to be materially different from what may be implied by such forward-looking statements. Investors are cautioned that actual events and results could differ materially from those statements as a result of a number of factors, including, among other things:

the intensely competitive personal computer, communications, consumer ICs and non-commodity memory semiconductor industries and markets;
cyclical nature of the semiconductor industry;
risks associated with global business activities;
non-operating losses due to poor financial performance of some of our investments;
our dependence on key personnel;
general economic and political conditions;
possible disruptions in commercial activities caused by natural and human induced disaster, including terrorist activities and armed conflicts and contagious disease, such as the Severe Acute Respiratory Syndrome;
fluctuations in foreign currency exchange rates; and
other risks identified in our annual reports on Form 20-F filed with the U.S. Securities and Exchange Commission each year.
The words “anticipate,” “believe,” “estimate,” “expect,” “intend,” “plan” and similar expressions, as they relate to us, are intended to identify a number of these forward-looking statements. We undertake no obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise. In light of these risks, uncertainties and assumptions, the forward-looking events discussed herein might not occur and our actual results could differ materially from those anticipated in these forward-looking statements.

All financial figures discussed herein are prepared pursuant to TIFRS on a consolidated basis. The investment gains or losses of our company for the three months ended Sep 30, 2016 reflect our gains or losses attributable to the third quarter of 2016 unaudited financial results of several of our investees which are evaluated under the equity method. Neither the consolidated financial data for our company for the three months ended Sep 30, 2016, nor the consolidated financial data for our company for the nine months ended Sep 30, 2016 is necessarily indicative of the results that may be expected for any period thereafter.

Contact:
Siliconware Precision Industries Co., Ltd.
No.45, Jieh Show Rd.
Hsinchu Science Park, Hsinchu
Taiwan, 30056
http://www.spil.com.tw

Janet Chen, IR Director
janet@spil.com.tw
+886-3-5795678#3675

Mike Ma, Spokesperson
mikema@spil.com.tw
+886-4-25341525#1559

SILICONWARE PRECISION INDUSTRIES CO., LTD.

CONSOLIDATED BALANCE SHEET (UNAUDITED)

As of Sep 30, 2016 and 2015

(Expressed in Thousands of New Taiwan Dollars (NTD) and U.S. Dollars (USD))

Sep 30, 2016

Sep 30, 2015

Sequential

ASSETS

USD

NTD

%

NTD

%

Change

%

Current Assets

Cash and cash equivalent

611,510

19,176,940

16

22,436,629

19

(3,259,689)

-14.5

Available-for-sale financial assets

5,341

167,503

167,503

100.0

Accounts receivable

562,301

17,633,748

14

17,065,686

14

568,062

3.3

Inventories

201,785

6,327,980

5

4,293,936

4

2,034,044

47.4

Other current assets

51,294

1,608,585

2

1,830,864

1

(222,279)

-12.1

Total current assets

1,432,231

44,914,756

37

45,627,115

38

(712,359)

-1.6

Non-current Assets

Available-for-sale financial assets

144,830

4,541,857

4

6,451,861

5

(1,910,004)

-29.6

Long-term investment under equity method

79,305

2,487,013

2

41,318

2,445,695

5919.2

Property, plant and equipment

2,115,164

66,331,530

55

65,594,191

55

737,339

1.1

Intangible assets

5,770

180,962

203,097

(22,135)

-10.9

Other assets

57,028

1,788,399

2

1,784,320

2

4,079

0.2

Total non-current assets

2,402,097

75,329,761

63

74,074,787

62

1,254,974

1.7

Total Assets

3,834,328

120,244,517

100

119,701,902

100

542,615

0.5

LIABILITIES AND STOCKHOLDERS’ EQUITY

Liabilities

Current Liabilities

Short-term loans

85,000

2,665,600

2

2,793,950

2

(128,350)

-4.6

Financial liabilities at fair value through
profit or loss – current

30,448

954,864

1

373,971

0

580,893

155.3

Accounts payable

264,056

8,280,808

7

6,448,043

5

1,832,765

28.4

Current portion of long-term debt

158,567

4,972,652

5

4,073,723

3

898,929

22.1

Other current liability

432,337

13,558,079

10

14,008,667

13

(450,588)

-3.2

Non-current liabilities

Bonds payable

391,834

12,287,925

10

12,566,577

11

(278,652)

-2.2

Long-term loans

374,902

11,756,921

10

8,779,183

7

2,977,738

33.9

Other liabilities

47,289

1,482,979

1

1,419,040

1

63,939

4.5

Total Liabilities

1,784,433

55,959,828

46

50,463,154

42

5,496,674

10.9

Stockholders’ Equity

Capital stock

993,738

31,163,611

26

31,163,611

26

Capital reserve

403,125

12,641,997

11

15,771,210

13

(3,129,213)

-19.8

Legal reserve

345,791

10,844,001

9

9,967,775

8

876,226

8.8

Retained earnings

236,715

7,423,377

6

10,133,190

9

(2,709,813)

-26.7

Other equities

70,526

2,211,703

2

2,202,962

2

8,741

0.4

Total Equity

2,049,895

64,284,689

54

69,238,748

58

(4,954,059)

-7.2

Total Liabilities & Shareholders’ Equity

3,834,328

120,244,517

100

119,701,902

100

542,615

0.5

Forex ( NT$ per US$ )

31.360

32.87

(1)All figures are under T-IFRS.

SILICONWARE PRECISION INDUSTRIES CO., LTD.

CONSOLIDATED COMPREHENSIVE INCOME STATEMENT (UNAUDITED)

(Expressed in Thousands of New Taiwan Dollars (NTD) and U.S. Dollars (USD))

3 months ended on Sep 30

Sequential Comparison

3Q 2016

3Q 2015

YOY

3Q 2016

2Q 2016

QOQ

USD

NTD

%

NTD

change %

NTD

NTD

change %

Revenues

692,221

21,955,188

100.0

20,029,703

9.6

21,955,188

21,679,907

1.3

Cost of Goods Sold

(532,893)

(16,901,767)

-77.0

(15,090,116)

12.0

(16,901,767)

(16,581,285)

1.9

Gross Profit

159,328

5,053,421

23.0

4,939,587

2.3

5,053,421

5,098,622

-0.9

Operating Expenses

Selling Expenses

(7,937)

(251,733)

-1.1

(243,652)

3.3

(251,733)

(246,649)

2.1

Administrative Expenses

(24,902)

(789,819)

-3.6

(801,151)

-1.4

(789,819)

(913,050)

-13.5

Research and Development Expenses

(32,363)

(1,026,480)

-4.7

(965,931)

6.3

(1,026,480)

(1,067,939)

-3.9

(65,202)

(2,068,032)

-9.4

(2,010,734)

2.8

(2,068,032)

(2,227,638)

-7.2

Operating Income

94,126

2,985,389

13.6

2,928,853

1.9

2,985,389

2,870,984

4.0

Non-operating Items

5,501

174,470

0.8

121,878

43.2

174,470

363,284

-52.0

Income Before Income Tax

99,627

3,159,859

14.4

3,050,731

3.6

3,159,859

3,234,268

-2.3

Income Tax Expenses

(14,766)

(468,329)

-2.1

(368,427)

27.1

(468,329)

(425,565)

10.0

Net Income

84,861

2,691,530

12.3

2,682,304

0.3

2,691,530

2,808,703

-4.2

Other comprehensive income

Items that may be subsequently reclassified to profit or loss

Exchange difference on translation of foreign financial statements

(13,962)

(442,841)

258,970

(251,469)

Unrealized gain(loss) on available-for-sale financial assets

(23,179)

(735,175)

(1,655,007)

(175,229)

Share of other comprehensive income of associates and joint ventures

(3,263)

(103,478)

(62,444)

Income tax relating to items that may be reclassified to profit or loss

(146)

(4,618)

30,363

(6,622)

Total other comprehensive income

(40,550)

(1,286,112)

(1,365,674)

(495,764)

Total comprehensive income

44,311

1,405,418

1,316,630

2,312,939

Earnings Per Ordinary Share- Basic

NT$ 0.86

NT$ 0.86

NT$ 0.90

Earnings Per Ordinary Share- Diluted

NT$ 0.64

NT$ 0.86

NT$ 0.78

Earnings Per ADS- Basic

US$ 0.14

US$ 0.13

US$ 0.14

Earnings Per ADS- Diluted

US$ 0.10

US$ 0.13

US$ 0.12

Weighted Average Outstanding Shares – Diluted (‘k)

3,389,249

3,129,886

3,369,343

Forex ( NT$ per US$ )

31.717

31.975

32.425

(1) All figures are under T-IFRS.

(2) 1 ADS is equivalent to 5 Common Shares.

SILICONWARE PRECISION INDUSTRIES CO., LTD.

CONSOLIDATED COMPREHENSIVE INCOME STATEMENT (UNAUDITED)

(Expressed in Thousands of New Taiwan Dollars (NTD) and U.S. Dollars (USD))

9 months ended on Sep. 30

2016

2015

YOY

USD

NTD

%

NTD

change %

Revenues

1,943,142

62,934,405

100.0

62,074,982

1.4

Cost of Goods Sold

(1,506,789)

(48,812,468)

-77.6

(45,907,965)

6.3

Gross Profit

436,353

14,121,937

22.4

16,167,017

-12.6

Operating Expenses

Selling Expenses

(22,886)

(741,705)

-1.2

(751,726)

-1.3

Administrative Expenses

(80,788)

(2,621,826)

-4.1

(2,562,713)

2.3

Research and Development Expenses

(93,039)

(3,013,824)

-4.8

(2,858,895)

5.4

(196,713)

(6,377,355)

-10.1

(6,173,334)

3.3

Operating Income

239,640

7,744,582

12.3

9,993,683

-22.5

Non-operating Items

17,007

547,786

0.9

403,618

35.7

Income Before Income Tax

256,647

8,292,368

13.2

10,397,301

-20.2

Income Tax Expenses

(36,767)

(1,188,107)

-1.9

(1,423,007)

-16.5

Net Income

219,880

7,104,261

11.3

8,974,294

-20.8

Items that may be subsequently reclassified to profit or loss

Exchange difference on translation of
foreign financial statements

(26,740)

(860,748)

10,297

Unrealized gain (loss) on available-for-sale
financial assets

(20,637)

(647,052)

(2,548,042)

Share of other comprehensive
income of associates and joint ventures

(2,617)

(80,684)

Income tax relating to items that may
be reclassified to profit or loss

304

10,442

44,909

Total other comprehensive income

(49,690)

(1,578,042)

(2,492,836)

Total comprehensive income

170,190

5,526,219

6,481,458

Earnings Per Ordinary Share- Basic

NT$ 2.28

NT$ 2.88

Earnings Per Ordinary Share- Diluted

NT$ 1.80

NT$ 2.63

Earnings Per ADS- Basic

US$ 0.35

US$ 0.46

Earnings Per ADS- Diluted

US$ 0.28

US$ 0.42

Weighted Average Outstanding Shares – Diluted (‘k)

3,403,893

3,407,264

Forex ( NT$ per US$ )

32.310

31.362

(1) All figures are under T-IFRS.

(2) 1 ADS is equivalent to 5 Common Shares.

SILICONWARE PRECISION INDUSTRIES CO., LTD.

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

For 9 Months Ended on Sep. 30, 2016 and 2015

(Expressed in Thousands of New Taiwan Dollars (NTD) and U.S. Dollars (USD))

9 months, 2016

9 months, 2015

USD

NTD

NTD

Cash Flows from Operating Activities:

Income before income tax

256,647

8,292,368

10,397,301

Depreciation

297,197

9,633,210

9,678,952

Amortization

9,418

305,896

465,771

Change in working capital & others

(140,517)

(4,562,770)

(1,107,337)

Net cash flows provided from operating activities

422,745

13,668,704

19,434,687

Cash Flows from Investing Activities:

Acquisition of property, plant, and equipment

(367,079)

(11,858,794)

(10,785,106)

Proceeds from disposal of available-for-sale financial assets

44,394

1,454,403

Proceeds from disposal of property, plant, and equipment

4,208

136,561

99,610

Payment for other changes

(10,342)

(339,232)

(392,060)

Net cash used in investing activities

(328,819)

(10,607,062)

(11,077,556)

Cash Flows from Financing Activities:

Proceeds from long-term loans

220,702

7,000,000

1,500,000

Repayment of long-term loans

(117,495)

(3,808,721)

(8,235,833)

Cash dividends distributed to shareholders

(373,370)

(11,842,172)

(9,349,083)

Others

(3,023)

(100,257)

(2,305)

Net cash used in financing activities

(273,186)

(8,751,150)

(16,087,221)

Foreign currency exchange effect

(10,040)

(324,926)

12,006

Net decrease in cash and cash equivalents

(189,300)

(6,014,434)

(7,718,084)

Cash and cash equivalents at beginning of period

760,081

25,191,374

30,154,713

Cash and cash equivalents at end of period

570,781

19,176,940

22,436,629

Forex ( NT$ per US$ )

32.310

31.362

(1) : All figures are under T-IFRS.

Source: Siliconware Precision Industries Co., Ltd.
Related stocks: NASDAQ-NMS:SPIL Taiwan:2325
Related Links:
http://www.spil.com.tw

Written by asiafreshnews

October 26, 2016 at 7:15 pm

Posted in Uncategorized

Final Call: The 1st Iran Investment Summit, Singapore, 26 October 2016

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SINGAPORE, /PRNewswire/ — This is our final call for media accreditation to attend the 1st Iran Investment Summit to held in Singapore on 26 October 2016.

Join other regional and international media as they cover this landmark event that will see Singaporean and international investors have the chance to gain privileged access to bankable projects from Iran for the first time since sanctions were lifted.

Hosted by MillionaireAsia in collaboration with Basio Consultants & Services Ltd (Hong Kong), the 1st Iran Investment Summit has also been endorsed by the Government of the Islamic Republic of Iran. Facilitated by H.E. Javad Ansari, the Iranian Ambassador to Singapore, an extensive delegation from the country will be heading to Singapore, led by Keynote Speaker H.E. Dr Valiollah Seif, Central Bank Governor, Islamic Republic of Iran. Other members of the special delegation include Dr Ahmad Jamali, Director General, Foreign Investment, Invest in Iran, Sadegh Ghafouri, Expert in Foreign Economic Relations, Ministry of Economic Affairs & Finance Organization for Investment Economic & Technical Assistance of the Islamic Republic of Iran (OIETAI), and Iranian private enterprises.

The Iranian delegation will be seeking foreign investors for a wide range of bankable projects ranging from theme parks and resorts, township development and science & technology parks, marine, petrochemical, aviation projects, waste water treatment, aerospace parks, container shipping, and industrial plants. The project deal sizes range from US$5 million to over US$200 million. Apart from Singapore, investors from Hong Kong, Malaysia and Indonesia are also expected at the event. Tech will also be an important subject at the summit with Fintech company and main sponsor, DasCoin, leading the ranks.

MillionaireAsia would like to invite you to join us at this important international conference that aims to further bridge trade relations between Asia and the Islamic Republic of Iran. Please click here for the full press release.

Event Details

Date:

26 October 2016 (Wednesday)

Time:

9am to 5pm

Venue:

Singapore

Please note that this is a FINAL CALL for all media registration. All media personnel must contact Urvashi Raizada at urvashi@millionaireasia.com or call +65-6838-5010 for accreditation by 7am 26 October 2016 to obtain entry to the event.

No Media will be permitted to enter without pre-registration.

Source: MillionaireAsia
Related Links:
http://millionaireasia.com

Written by asiafreshnews

October 26, 2016 at 6:03 pm

Posted in Uncategorized

Latin American Contact Center Service Providers Seek New Business Models to Remain Competitive

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Service providers embrace portfolio diversification and back-end service offerings, says Frost & Sullivan’s Digital Transformation team


NEWS PROVIDED BY

Frost & Sullivan

Oct 24, 2016, 11:04 ET


BUENOS AIRES, Argentina, Oct. 24, 2016 /PRNewswire/ — Major contact center service providers (CCSP) in Latin America have realized that cost-based competition, reflecting a cost-reduction value proposition, represents an unsustainable business model with decreasing profit margins. As such, many providers are moving toward strategic high value-added services offerings through diversifying their service portfolios and providing several back-end services, such as technology-based solutions, finance & accounting, software & development, and strategic consultancy for clients.

Frost & Sullivan’s Digital Transformation analyst, Sebastian Menutti, adds, “Companies are also establishing long-term relationships with their clients in order to lower churn rates, as clients who outsource high-value services tend to switch providers less often than the market’s average.”

According to the Latin America Contact Center Outsourcing Market, a new analysis from Frost & Sullivan’s Digital Transformation team, the contact center outsourcing services market in LATAM attained $10.05 billion in revenue in 2015, and is expected to reach$13.33 billion in revenue in 2021. The market was heavily impacted in 2015 by the revaluation of the US dollar against LATAM currencies, especially against the Brazilian real, the Colombian peso and Mexican peso.

Click here for complimentary access to more information on this analysis and to register for a Growth Strategy Dialogue, a free interactive briefing with Frost & Sullivan’s thought leaders.

In terms of growth opportunities, CCSPs have experienced high growth in the offshore segment, particularly in the United States, while struggling to overcome the negative impacts on the domestic business caused by the regional economic crisis. Offshore markets, such as the US and Spain, will continue to represent the greatest opportunities for growth, but service providers must embrace business innovation and drive higher value to clients if they want to stay relevant.

“As fewer new deals with telecommunications companies appear, contact center service providers must build stronger vertical-specific strategies to sustain their growth in the medium and long term,” says Menutti, “particularly in verticals such as healthcare, financial services, high-tech companies, travel and hospitality, and the manufacturing industry.”

It is also important to understand that Latin American customers are demanding digital channels of contact, such as chat, social media, and email, forcing service providers to implement multi-channel and omni-channel strategies to stay competitive in the marketplace.

About Frost & Sullivan’s Digital Transformation Team:
Latin America Contact Center Outsourcing Market is part of the Digital Transformation team’s Growth Partnership Services subscription. Related studies include: Automation and Self Service Market Trends in Latin America, The Latin American Path to the New Way to Work, Roadblocks to Making Omnichannel a Reality in Brazil, and Analysis of the Hosted and Cloud Contact Center Market inLatin America, among many others. All studies in the subscription provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.

About Frost & Sullivan

Frost & Sullivan, the global Growth Partnership Company, has spent more than 50 years guiding our clients toward transformational growth strategies. We focus on innovation opportunities driven by disruptive technologies, mega trends, emerging markets and new business models. Through our Growth Partnership model, we collaborate with clients to leverage visionary innovation that takes advantage of our convergence expertise, an experiential learning platform, 360-degree industry coverage and complete global perspective. Is your organization prepared for the next profound wave of industry disruption, increasing competitive intensity, breakthrough best practices, changing customer dynamics and emerging economies? Contact us: Start the discussion

Latin America Contact Center Outsourcing Market
K0AC-64

Contact:
Francesca Valente
Corporate Communications Executive – Latin America
P: +54 11 4777 5300
F: +54 11 4777 0071
E: Francesca.valente@frost.com

http://www.frost.com

Photo – http://photos.prnewswire.com/prnh/20161024/431670

 

SOURCE Frost & Sullivan

Related Links

http://www.frost.com

Written by asiafreshnews

October 26, 2016 at 4:49 pm

Posted in Uncategorized

Dare, Define and Do: Marriott International Continues its Commitment to Empower Women

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150 delegates gathered in Hong Kong for the 3rd APAC Women in Leadership Conference
HONG KONG, /PRNewswire/ — Marriott International is delighted to announce the closing of its 3rd annual Asia Pacific Women in Leadership Conference in Hong Kong, which this year hosted 150 high-achieving women from within the company and externally with a powerful call to action: Dare, Define and Do.
Marriott International is delighted to announce the closing of its 3rd annual Asia Pacific Women in Leadership Conference
The two-day conference, held at The Ritz-Carlton, Hong Kong, is part of Marriott’s longstanding goal of bringing women together in Asia to share experiences, challenge thinking and inspire each other to achieve their goals and aspirations — whatever they may be.
Themed Dare, Define and Do, the conference Dares delegates to find their voice, challenge the status quo and encourage a new paradigm. They are emboldened to Define the path ahead, how to balance vision, purpose and results and define who they are and who they want to be. Finally, delegates are asked to Do what takes courage, not what is easy, to build a legacy and do something that makes a difference – and do it today.
Since becoming the world’s largest hotel group, the Marriott family has grown to 500,000 employees globally. Having women in leadership positions is a vital part of Marriott International’s strategy for growth and success. Ever since the pioneering works of Marriott’s co-founder Alice S. Marriott in 1927, the company has sought to benefit from the leadership and talents of women. At Marriott, women hold nearly 36% of Board of Directors positions. In Asia Pacific, close to 40% of the company’s managers are women. The number of women General Managers has increased by 70% in the past two years and there is a strong pipeline of future women General Managers who will be supporting the growth of Marriott in the region.
A full roster of speakers and facilitators discussed challenges they have faced and shared their own stories about what it takes to manage life and careers. The conference also aimed to educate leaders on key business trends and leadership topics, celebrate successes and stress the importance of “taking care” of one’s self and community.
Representing Marriott International, Stephanie Linnartz, EVP and Global Chief Commercial Officer, was the first to take the stage at WIL and she addressed the audience on how to Dare to Challenge the Status Quo. Debbie Marriott Harrison, Global Officer of Marriott Culture and Business Councils, and daughter of Bill Marriott, shared the historical heritage and culture of Marriott International with her fellow colleagues.
The conference was also joined by Marriott’s leading men, including Craig S. Smith, Asia Pacific President & Managing Director, who reinforced Marriott’s dedication of empowering women with the 2017 action plan.
Also invited to speak at the conference were Ipsita Dasgupta, President, Strategy and Incubation for Star India, Chloe Chick, Founder of SisuGirls, and Head of GHL Singapore and Innovation Lead, as well as representatives & alumni from the Asian University for Women (AUW).
“Now that we are the world’s largest hotel company, it’s more important than ever that we at Marriott lead the industry and encourage more women to take on leadership roles. Women are vital to the hospitality industry, and we believe that equal opportunity and balanced leadership create the most effective and high producing teams,” said Peggy Fang Roe, Asia Pacific Chief Sales & Marketing Officer, and Executive Sponsor of the Women in Leadership Initiative.
The conference was support by start-ups and NGOs including Baking for a Cause and YEECHOO. As Asia’s biggest online designer dress sharing platform, YEECHOO offered attendees of the gala dinner with exclusive fitting sessions and ball gowns.
Delegates from Marriott International who took part were nominated by their leaders in recognition of the contributions they make to the success of the business and the significant impact they have had in promoting the role of women in leadership. The delegates, who range widely in age, are from both regional offices as well as hotel properties.
About Marriott International
Marriott International, Inc. (NASDAQ: MAR) is the world’s largest hotel company based in Bethesda, Maryland, USA, with more than 5,700 properties in over 110 countries. Marriott operates and franchises hotels. and licenses vacation ownership resorts. The companies 30 leading brands include: Bulgari Hotels and Resports®, The Ritz-Carlton® and The Ritz-Carlton Reserve®, St. Regis®, W®, EDITION®, JW Marriott®, The Luxury Collection®, Marriott Hotels®, Westin®, Le Méridien®, Renaissance® Hotels, Sheraton®, Delta Hotels by MarriottSM, Marriott Executive Apartments®, Marriott Vacation Club®, Autograph Collection® Hotels, Tribute Portfolio™, Design Hotels™, Gaylord Hotels®, Courtyard®, Four Points® by Sheraton, SpringHill Suites®, Fairfield Inn & Suites®, Residence Inn®, TownePlace Suites®, AC Hotels by Marriott®, Aloft®, Element®, Moxy Hotels®, and Protea Hotels by Marriott®. The company also operates award-winning loyalty programs: Marriott Rewards®, which includes The Ritz-Carlton Rewards®, and Starwood Preferred Guest®. For more information, please visit our website at http://www.marriott.com, and for the latest company news, visit http://www.marriottnewscenter.com and @MarriottIntl.
Photo – http://photos.prnasia.com/prnh/20161025/8521606848

Written by asiafreshnews

October 26, 2016 at 4:24 pm

Posted in Uncategorized

Mont’Kiara International School Announces New Head of School

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KUALA LUMPUR, Malaysia, /PRNewswire/ — Mont’Kiara International School announces the appointment of Mr. Trevor Scott Laboski as their new Head of School. Previously the Executive Regional Director for Missoula County Public Schools in Montana, USA, Mr. Laboski brings eighteen years of educational experience to Mont’Kiara International School.
Mr. Trevor Scott Laboski
A graduate of the University of Montana, Mr. Laboski completed a Masters Degree in Educational Leadership and a secondary principal licensure in 2003. Additionally, he obtained a dual Bachelor of Arts Degree in 1998. He has since delivered a lengthy list of educational achievements attributed to his name.
Upon his appointment, Mr. Laboski stated, “I am passionate about all aspects of education. Throughout my career, I have never settled for the status quo. Our students require the most rigorous, nimble, and relevant education that we can provide and there is no time to waste. As an educational leader, I am, at my core, an educator and also work to constantly learn from and teach those around me. To have an effective, collaborative process, the leader must build capacity through education of its stakeholders.”
Already in full swing of the current academic year, Mr. Laboski has created a comprehensive entry plan. Developing open communication channels and sharing a clear vision for the future of Mont’Kiara International School will, no doubt, guide the continued success of the school. With the full support of the Mont’Kiara International School community, Mr. Laboski has been exceptionally well received and has already made a significant impact on the school.
About Mont’Kiara International School
Situated on a single campus in the suburb of Mont’Kiara, M’KIS consistently ranks as a top international school in Malaysia. In operation since 1994, Mont’Kiara International School (www.mkis.edu.my) is a fully accredited North American Curriculum Pre-Kindergarten through Grade 12 international school that predominately caters to expatriate families. The M’KIS student population represents nearly 60 nationalities. Mont’Kiara International School is licensed by the Ministry of Education, Malaysia, and certified by the Malaysian Qualifications Agency. Mont’Kiara International School is accredited by the Western Association of Schools and Colleges (WASC), U.S.A and is authorized as an IB World School by the International Baccalaureate Organization (IBO).
Photo – http://photos.prnasia.com/prnh/20161024/8521606811

Written by asiafreshnews

October 26, 2016 at 3:43 pm

Posted in Uncategorized

Fusionex Wins Leadership Excellence Award from National ICT Association of Malaysia

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KUALA LUMPUR, Malaysia /PRNewswire/ — Fusionex, a multi-award-winning, leading software solutions provider specializing in Big Data Analytics (BDA), the Internet of Things (IoT), Artificial Intelligence, and Deep Learning, received the Leadership Excellence Award from the National ICT Association of Malaysia (PIKOM) during an awards ceremony and gala dinner held on 20 October 2016.

MD and CEO of Fusionex, Dato’ Seri Ivan Teh (left) and PIKOM Chairman, Mr. Chin Chee Seong (right) at the ICT Awards Night 2016 held at the Majestic Hotel, Kuala Lumpur.
MD and CEO of Fusionex, Dato’ Seri Ivan Teh (left) and PIKOM Chairman, Mr. Chin Chee Seong (right) at the ICT Awards Night 2016 held at the Majestic Hotel, Kuala Lumpur.
The ICT Awards Night 2016 saw a contingent of over 500 luminaries and experts from across the fields of IT and related industries gather under one roof to celebrate the achievements of their peers. The black tie event was held at the Majestic Hotel, Kuala Lumpur and was also in conjunction with PIKOM’s celebration of its 30th anniversary.

The Excellence Award acknowledges Fusionex’s continuous expanding presence. Fusionex has demonstrated a high level of performance since its founding. Within a few years of its inception, the group has expanded its operations to other countries in Asia Pacific as well as Europe and the United States. The company is also listed on the London Stock Exchange.

Ivan Teh, Fusionex Managing Director and Chief Executive Officer, commented: “We are honored to be the recipient of the Excellence Award from PIKOM. This serves as an encouragement for us to continue our quest to be the standard bearers of the data revolution in this region and beyond.”

Photo – http://photos.prnasia.com/prnh/20161021/8521606785

Source: Fusionex

Written by asiafreshnews

October 26, 2016 at 10:10 am

Posted in Uncategorized