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Sigfox and Kyocera Communication Systems Partner to Expand Sigfox Network to Japan – the World’s Third Largest IoT Market

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LABEGE, France and KYOTO, Japan /PRNewswire/ —

Strategic partnership to cover the third largest Internet of Things (IoT) market, with 6% of a global IoT revenue that is set to reach no less than 3 trillion USD by 2025 (cf. Machina Research[1])
The 25th country to deploy Sigfox’s network, supporting its global ambition to reach 60 countries by 2018.
Today, Sigfox, the world’s leading provider of a global communication solution powering the Internet of Things (IoT), and its partner KYOCERA Communication Systems Co., Ltd. (KCCS) announced the nationwide roll-out of the Sigfox network in Japan – the world’s third largest IoT market.

The partnership is a strategic move to tap into this fast-growing market which represents 6 per cent of global revenue that is set to reach no less than 3 trillion USD by 2025. With key Japanese corporations investing heavily in the IoT sector, Japan will also be a major contributor to the global IoT ecosystem (cf. Japan Times[2]).

As Sigfox’s network operator in Japan, KCCS, a subsidiary of Kyocera Corporation – a leading global supplier of printers, copiers, mobile phones, solar power generating systems, electronic components, semiconductor packages, cutting tools and industrial ceramics – will deploy Sigfox’s network nationwide and distribute the service to its customers.

Sigfox connectivity service now spans across 25 countries. This move marks another key milestone of Sigfox’s rapid expansion in the Asia Pacific region, following roll-outs in Australia, New Zealand, Singapore and Taiwan earlier this year.

The roll-out of the Sigfox network in Japan will provide main territory coverage in 2018, initially starting in Tokyo in early 2017.

KCCS will target applications across all vertical markets, with a particular focus on public utility, infrastructure, healthcare, logistics, agriculture and manufacturing industries.

Global scalability, cost and energy consumption have been the three greatest barriers to IoT mass adoption. Sigfox entered the global IoT market to break down these barriers. Rather than using existing technologies, Sigfox has taken a unique approach. The company is rolling out the first global IoT network to listen to billions of objects broadcasting data, without the need to establish and maintain network connections. This game-changing shift, that drastically reduce energy consumption and costs, will fuel the IoT mass market deployment.

Rodolphe Baronnet-Fruges, Sigfox Executive Vice President of Networks and Operators, said: “We are proud to be entering a partnership with KCCS to enable the huge potential of Japanese corporations and society. I am confident that the Japanese solutions, powered by Sigfox, will meet the fourth industrial revolution challenge head-on.”

Roswell Wolff, President, Sigfox Asia Pacific, said, “As the third largest IoT market in the world, Japan is strategic for Sigfox, both for its significance as a connected market in its own right, and as a key global contributor to the development of smart connected devices fuelling the growth of the internet of things worldwide.

“We expect exponential growth in demand to connect millions of devices over a simple, low cost, low power and long range network. We look forward to a strong partnership with KCCS to drive the expansion of the Japanese IoT market”.

Yoshihito Kurose, President, KYOCERA Communication Systems Co., Ltd., said, “I am delighted with our partnership with Sigfox, to deploy the Sigfox network in Japan. There are already a number of Sigfox use cases in the global market that we can learn from. KYOCERA Communication Systems Co., Ltd., KCCS, will deploy the Sigfox network in Japan as well as create many applications and contribute to the global success of the Sigfox network”.

About KCCS

KCCS, a subsidiary of Kyocera Corporation- a leading global supplier of printers, copiers, mobile phones, solar power generating systems, electronic components, semiconductor packages, cutting tools and industrial ceramics-will deploy Sigfox’s network nationwide and distribute the service to its customers. For more information, visit http://www.kccs.co.jp/english/

About Sigfox

Sigfox is the world’s leading provider of global communication solutions powering the Internet of Things (IoT). Its solutions introduce a game-changing approach for device-to-cloud communications by making it possible for devices to send and receive data over the Internet without the need to manage complex connections or SIM cards, as the Sigfox network and devices simply listen in and capture specifically formatted radio messages from around the globe, needing something as simple as a silicon chip that you find in a remote control. The unique Sigfox solutions enable devices to consume so little energy that soon batteries will become redundant and energy harvesting solutions will power data transmission.

The vision of the company is to “Make Things Come Alive”. By giving a voice to the physical world we live in, and connecting it to the Cloud, Sigfox allows objects to play a role in our social and economic development.

Currently present in 25 countries, and on track to reach over 60 by 2018, the Sigfox network today covers a population of 397 million people. Millions of connected objects are already registered on the network across all five continents, enabling companies to accelerate their digital transformation, develop new services and create value.

Founded in 2010 by entrepreneurs Ludovic Le Moan and Christophe Fourtet, the company is headquartered in Labege near Toulouse, France’s “IoT Valley”. Sigfox also has offices worldwide in Paris, Madrid, Munich, Boston, San Francisco, Dubai and Singapore. For more information, visit http://www.sigfox.com and follow us on Twitter at @SIGFOX.

[1] See here.

[2] See here.

Press Contacts

Laurence Collet, Sigfox
Laurence.collet@sigfox.com
+33-7-86-27-36-43

Simon Chan, Edelman for Sigfox
simon.chan@edelman.com
+44-(0)7875-198-091

Source: Sigfox

Written by asiafreshnews

November 15, 2016 at 5:16 pm

Posted in Uncategorized

CEPRES Introduces PE.Analyzer(3) – $2.9 Trillion of Private Equity Backed Companies

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NEW YORK /PRNewswire/ — CEPRES today announced PE.Analyzer3, the first fundamental benchmarking platform for Private Capital Markets. With PE.Analyzer3 Investors (LPs) and fund managers (GPs) exchange investment data in a secure environment. Using technical and fundamental analysis, they benchmark funds, deals and operating companies for truly 3-dimensional investment decisions. PE.Analyzer3 launches together with benchmark data on 2,614 funds, 35,962 deals and $2.9 trillion worth of PE-backed companies — the most comprehensive benchmarking dataset in the world.

$2.9 Trillion Private Equity Backed Companies with PE.Analyzer(3)
$2.9 Trillion Private Equity Backed Companies with PE.Analyzer(3)
Product Highlights:

Expert Screening Sheets – save decision maker’s time

Taking input from leading LPs, PE.Analyzer3 introduces expert investment screening sheets. Now you can get the most important analyses for due diligence and portfolio review at the click of a button. Fund and deal performance, PMEs (Public Market Equivalents), loss & recovery rates, return distributions, j-curve analysis and value creation are all calculated live for funds, deals and whole portfolios.

Benchmark Portfolio Companies — compare to $2.9T of PE-backed companies

The new Operating Analysis module represents the next generation of technology in the industry. You can analyze the fundamentals of your own investments, such as EBITDA Multiples, Leverage Multiples and Financing Structures. For the first time you can benchmark against $2.9T worth of PE-backed companies by industry, country deal size and more. GPs can prove their value-add to portfolio companies, and LPs can make fully informed decisions based on both fund and portfolio company analysis.

Correlation Analysis – find drivers of risk & returns

For analysts and power-users, CEPRES has introduced single factor regressions to evaluate how operating company performance translates to investment returns and calculate so-called beta correlations. This is an enhancement to the existing alpha-beta framework that calculates risk-adjusted alpha versus comparative public markets.

Comment:

“This is our most sophisticated platform ever for private equity and takes investment decisions into the next dimension. For years LPs and GPs have been searching for ways to benchmark their portfolio companies and now for the first time we can deliver it for them. We also upgraded performance so everything runs 50% faster, helping save valuable time for decision makers. Considering that PE.Analyzer3 processes hundreds of thousands of transactions and trillions of dollars of investments in a matter of seconds, what our developers and quants have achieved is astonishing.”

Dr. Daniel Schmidt — CEO, CEPRES GmbH

About PE.Analyzer3

PE.Analyzer3 is an online investment decision platform for Private Capital Markets. With analysis of 38,000 private equity funds, deals and portfolio companies with Enterprise Values of $2.8 trillion USD, it is the only platform providing Technical & Fundamental benchmarking to institutional investors and fund managers to underwrite their decisions and prove their investment strategy.

About CEPRES

CEPRES is an innovative FinTech company helping institutional investors invest in Private Equity with the proficiency of Financial Markets. Investors (LPs) and fund managers (GPs) interact on a single, confidential platform in complete privacy. LPs gain market insights, forecast investment outcomes and enhance due diligence to drive better investment returns. GPs verify their track records, precisely benchmark their deals and find new sources of capital from around the world. 100’s of institutional investors have conducted due diligence on $1.7 trillion of Buyout, Growth, Venture, Private Debt, Infrastructure and Real Estate funds via the CEPRES platform. For further information, visit http://www.cepres.com.

Photo – http://photos.prnasia.com/prnh/20161110/8521607327

Source: CEPRES
Related Links:
http://www.cepres.com

Written by asiafreshnews

November 15, 2016 at 5:09 pm

Posted in Uncategorized

More than 100 countries and territories require graphic picture warnings on cigarette packages, says international report

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-Momentum also building worldwide for tobacco plain packaging
TORONTO /PRNewswire/ — An international report released today by the Canadian Cancer Society shows that 105 countries and territories have required picture health warnings on cigarette packages. This significant milestone in global public health will reduce smoking and save lives.

Cigarette package health warnings
Cigarette package health warnings
The report — Cigarette Package Health Warnings: International Status Report — ranks 205 countries and territories on the size of their health warnings on cigarette packages, and lists countries and territories that require graphic picture warnings.

The report also shows a significant global momentum toward plain packaging with 4 countries requiring plain packs and 14 working on it.

“There is a powerful worldwide trend for countries to use graphic pictures on cigarette packages to show the devastating health effects of smoking, and to require plain packaging,” says Rob Cunningham, senior policy analyst, Canadian Cancer Society.

Examples of graphic picture warnings include a diseased lung or mouth, a patient with lung cancer in a hospital bed and a child being exposed to secondhand smoke. The report also shows that many countries have increased the size of picture warnings on cigarette packages. These larger pictures are known to be more effective.

Cigarette package warnings are a highly cost-effective way to increase awareness of the negative health effects of smoking and to reduce tobacco use. Picture-based warnings convey a more powerful message than a text-only warning, and larger ones increase impact.

Guidelines under the international tobacco treaty — the WHO Framework Convention on Tobacco Control (FCTC) — recommend that warnings should:

be as large as is achievable
include a rotated series of graphic pictures
be at the top of both the front and back of packages.
Picture warnings are especially valuable for low- and middle-income countries where there are higher rates of illiteracy and where governments may have few resources. Health departments determine the content of warnings, and the tobacco industry is responsible for printing the warnings on packages.

Guidelines under the treaty also recommend that countries consider implementing plain packaging. Plain packaging includes health warnings on packages, but prohibits tobacco company branding, such as colours, logos and design elements, and requires the brand portion of each package to be the same colour, such as an unattractive brown. The brand name would still appear in a standard font size, style and location. The package format is standardized. Plain packaging puts an end to packaging being used for product promotion, increases the effectiveness of package warnings, curbs package deception and decreases tobacco use.

Plain packaging has been required in Australia (effective in 2012), the United Kingdom and France (effective May 20, 2016, at the manufacturer level) and Hungary (effective in 2018). The 14 countries working on plain packaging are: New Zealand, Ireland, Norway, Canada, Slovenia, Uruguay, Thailand, Singapore, Belgium, Romania, Turkey, Finland, Chile and South Africa.

“The international momentum for picture warnings and plain packaging is all the more impressive given the strong opposition from the tobacco industry,” says Cunningham. “If picture warnings and plain packaging are not effective at reducing smoking, then why is the tobacco industry opposed? The fact that more than 100 countries and territories have implemented picture health warnings and that so many are moving toward plain packaging shows that the worldwide trend is unstoppable.”

Other report highlights include:

105 countries and territories have finalized picture warning requirements, an increase from the 77 that had implemented these requirements by the end of 2014. In 2001, Canada was the first country to require picture warnings and to require a 50% size.
58% of the world’s population is covered by the 105 countries and territories that have finalized picture warning requirements.
Nepal has the largest warnings in the world with picture warnings covering 90% of the package front and back. Vanuatu will also require 90% picture warnings in 2017. India and Thailand have the next largest warnings at 85% of the front and back.
94 countries and territories require warnings to cover at least 50% of the package front and back (on average), up from 60 countries in 2014 and 24 in 2008.
The implementation by most European Union (EU) countries of the new EU requirement for 65% picture warnings was an important development contributing to the increase since 2014 in the number of countries requiring picture warnings.
The top countries ranked by warning size as an average of the front and back of the package are:

1. 90% Nepal
1. 90% Vanuatu
3. 85% Thailand
3. 85% India
5. 82.5% Australia (75% front, 90% back)
6. 80% Sri Lanka
6. 80% Uruguay
8. 75% Brunei
8. 75% Canada
8. 75% Laos
8. 75% Myanmar

(In this list, the warning size is the same on the front and back, except in Australia).

The Cigarette Package Health Warnings: International Status Report was released today in Delhi, India, at the 7th session of the Conference of the Parties to the WHO Framework Convention on Tobacco Control (FCTC), being held November 7-12. The report is intended to support implementation of the FCTC. The FCTC has an obligation for parties to require health warnings that “should be 50% or more of the principal display areas but shall be no less than 30% of the display areas” and may be in the form of, or include, picture warnings. There are now 180 countries that are parties to the FCTC.

This is the 5th Canadian Cancer Society international report on cigarette package health warnings. Previous reports were published in 2008, 2010, 2012 and 2014.

Cigarette Package Health Warnings report in English
Cigarette Package Health Warnings report in French

About the Canadian Cancer Society
The Canadian Cancer Society is a national, community-based organization of volunteers whose mission is to eradicate cancer and enhance the quality of life of people living with cancer. Thanks to our donors and volunteers, the Society has the most impact, against the most cancers, in the most communities in Canada. For more information, visit cancer.ca or call our toll-free bilingual Cancer Information Service at 1-888-939-3333 (TTY 1-866-786-3934).

Contact: Rob Cunningham, Senior Policy Analyst, Canadian Cancer Society, Phone: +1-613-762-4624 (mobile), Email: rcunning@cancer.ca; Rosie Hales, Communications Specialist, Canadian Cancer Society, Phone: +1-416-934-5338, Email: rosie.hales@cancer.ca

Photo – http://photos.prnasia.com/prnh/20161110/8521607328

Source: Canadian Cancer Society

Written by asiafreshnews

November 15, 2016 at 5:05 pm

Posted in Uncategorized

Chubb Makes New Appointments in Singapore

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SINGAPORE /PRNewswire/ — Chubb announced today the appointment of several new executives for its business in Singapore.

Mr. Koh Wei Lee has been appointed as Division Head of Accident & Health (A&H) and Personal & Business Insurance (PBI).

Mr. Koh joins Chubb with more than 16 years of experience in the insurance industry. Prior to joining Chubb, he was most recently the Chief Marketing Officer in Gibraltar BSN Life Berhad (a subsidiary of Prudential Financial Inc). His past experience includes careers at several leading general and life insurers like Great Eastern Life Assurance and AIG. A proven leader with deep distribution expertise, Mr. Koh spent the last 6 years in Hong Kong and Malaysia in a variety of roles covering regional product management, business development and product marketing.

In his new role, Mr. Koh will have responsibility for leading and directing the business development, general management and overall growth of the A&H and PBI division in Singapore.

Mr. Kevin Xiong has been appointed as the new Head of Agency.

Mr. Xiong joins Chubb with over 9 years of experience in agency management as well as business development. His past experience includes careers at AIA and AXA managing significant agency distribution forces.

In his appointment, Mr. Xiong will be responsible for implementing various strategies to expand and drive business opportunities for the agency distribution channel.

Ms. Risa Wong has been appointed as the Head of Travel, A&H and PBI.

Ms. Wong is a seasoned professional in the tourism and travel insurance industry. She has over 20 years of experience in advertising, sales and marketing across the South-east Asian and Indian markets.

In her new role, Ms. Wong will be responsible for the growth and profitability of the Leisure Travel portfolio. Her main areas of focus will include driving business development, the diversification of distribution channels, partnership management as well as the enhancement of products and services to ensure maximum satisfaction for partners, agents and customers.

Mr. Koh and Mr. Xiong will report to Adam Clifford, Country President for Chubb in Singapore while Ms. Wong will report to Mr. Koh.

According to Mr. Clifford, “I’m delighted to announce the addition of Wei Lee, Kevin and Risa to the team in Singapore. We have aggressive plans ahead to expand as we seize the product and distribution opportunities across all our business lines. We have attracted some of the best talent in the market who have the experience, energy and passion to take up the challenge of driving our growth”.

About Chubb

Chubb is the world’s largest publicly traded property and casualty insurer. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly. The company is also defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich, New York, London and other locations, and employs approximately 31,000 people worldwide.

Chubb Insurance Singapore Limited, via acquisitions by its predecessor companies, has been present in Singapore since 1948. Chubb in Singapore provides risk management and underwriting expertise for all major classes of general insurance, including Property & Casualty, Marine, Liability, Financial Lines and Group Personal Accident insurance. As one of the leading providers of Accident & Health insurance through direct marketing, the company partners with financial institutions and other companies to tailor individual policies for their clients and employees. In addition, it offers a suite of customised Personal & Specialty insurance solutions to meet the needs of consumers.

Over the years, Chubb in Singapore has established strong client relationships by offering responsive service, developing innovative products and providing market leadership built on financial strength. The company has been assigned a financial strength rating of AA-/Negative and the highest ASEAN credit rating of axAAA by Standard & Poor’s. It has also been awarded the Singapore Quality Class STAR (SQC STAR) and Singapore Service Class (S-Class) certification for achieving all-round business excellence and high levels of service respectively by SPRING Singapore, the national standards and accreditation body.

More information can be found at http://www.chubb.com/sg.

Logo – http://photos.prnewswire.com/prnh/20160124/325256LOGO

Source: Chubb
Related stocks: NYSE:CB
Related Links:
http://www.chubb.com/sg

Written by asiafreshnews

November 15, 2016 at 4:43 pm

Posted in Uncategorized

Manulife reports 3Q16 net income of $1.1 billion and core earnings of $1 billion, strong growth in Asia, and positive net flows in Wealth and Asset Management

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TORONTO /PRNewswire/ —

C$ unless otherwise stated
TSX/NYSE/PSE: MFC SEHK: 945

This quarterly earnings news release should be read in conjunction with the Company’s Third Quarter 2016 Report to Shareholders, including our unaudited Interim Consolidated Financial Statements, for the three months and nine months ended September 30, 2016, prepared in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”), which is available on our website at http://www.manulife.com/Reports.

Additional information relating to the Company is available on the SEDAR website at http://www.sedar.com and on the U.S. Securities and Exchange Commission’s (“SEC”) website at http://www.sec.gov (EDGAR filers section).

We use a number of non-GAAP measures to measure performance and to assess our businesses. For more information on non-GAAP financial measures, see “Performance and Non-GAAP Measures” below and in our Third Quarter 2016 Report to Shareholders and 2015 Management’s Discussion and Analysis.

Manulife Financial Corporation (“MFC”) today announced net income attributed to shareholders of $1,117 million for the third quarter of 2016 (“3Q16”), fully diluted earnings per common share of $0.55 and return on common shareholders’ equity (“ROE”) of 11.1%, compared with $622 million, $0.30, and 6.5%, respectively, for the third quarter of 2015 (“3Q15”). The increase in net income attributed to shareholders was primarily due to investment-related experience gains recorded in 3Q16, compared with investment-related experience charges in 3Q15. For 3Q16, MFC generated core earnings of $996 million, diluted core earnings per common share of $0.49 and core return on common shareholders’ equity (“Core ROE”) of 9.8%, compared with $870 million, $0.43, and 9.2%, respectively, for 3Q15.

Year-to-date 2016 net income attributed to shareholders was $2,866 million, fully diluted earnings per common share was $1.40 and ROE was 9.7% compared with $1,945 million, $0.94 and 7.1%, respectively, for the same period in 2015. Year-to-date 2016 core earnings was $2,734 million, diluted core earnings per common share was $1.34 and Core ROE was 9.2% compared with $2,569 million, $1.27 and 9.5%, respectively, for the same period in 2015.

Donald Guloien, President and Chief Executive Officer, stated, “We delivered strong core earnings this quarter thanks to improved results across our operations which, combined with favourable markets and excellent returns from our investment portfolio, led to an increase in net income to above $1 billion.”

“While we are pleased with these results, we continue to operate in a difficult macroeconomic environment and we remain focused on optimizing the performance of all of our businesses and on growing aggressively those which deliver the highest returns,” added Mr. Guloien. “This quarter, we once again delivered strong growth in Asia and generated positive net flows in our wealth and asset management businesses around the world.”

Steve Roder, Chief Financial Officer, said, “We achieved $297 million of broad-based investment gains, reflecting our high quality portfolio and disciplined approach to extending credit. With the strong investment results this quarter, we now have a cumulative gain for the year so far.”

“We completed our annual review of actuarial methods and assumptions in the third quarter, resulting in a net reserve strengthening of $455 million. This amount included updates to policyholder assumptions across a number of products, including Long-Term Care in the U.S., as well as a charge of $313 million related to a proactive 10 basis point downward revision to our ultimate reinvestment rate assumptions,” added Mr. Roder.

HOW OUR COMPANY PERFORMED

Profitability:
Reported net income attributed to shareholders of $1,117 million, up $495 million from 3Q15.
The increase in net income attributed to shareholders largely reflected strong growth in core earnings (described below) and $297 million of investment-related experience gains in 3Q16 (compared with investment-related experience charges of $220 million in 3Q15). Net income in 3Q16 also reflected a $455 million charge to strengthen actuarial reserves and a $97 million charge to write-off an intangible asset related to our John Hancock Long-Term Care (“JH LTC”) distribution network, largely offset by the net gain of $414 million related to the direct impact of equity markets and interest rates.

Generated core earnings of $996 million, up $126 million or 14% from 3Q15.
The increase in core earnings was driven by $17 million in core investment gains (compared with a charge of $51 million in 3Q15), in-force and new business growth in Asia, and improved policyholder experience due to the annual actuarial review, partially offset by higher interest expense as a result of recent debt issuances. Core earnings in 3Q16 included net policyholder experience charges of $20 million post-tax ($37 million pre-tax). Both 3Q16 and 3Q15 included a net benefit related to tax, reinsurance and other items.

Reported Core ROE of 9.8% compared with 9.2% in 3Q15.
The improvement in Core ROE reflects higher core earnings as described above, partially offset by higher average equity as a result of an increase in retained earnings and the strengthening of the U.S. dollar as compared with the Canadian dollar.

Generated investment-related experience gains of $297 million in 3Q16.
The favourable investment-related experience was broad-based across our general fund investment portfolio and included gains related to fixed income reinvestment, higher than expected returns on our alternative long-duration assets and strong credit experience. On a year-to-date basis, investment-related experience gains were $17 million and therefore, in accordance with our definition of core earnings, we included this amount in 3Q16 core earnings. (See section G3 “Performance and Non-GAAP Measures” of our Third Quarter 2016 Report to Shareholders.)

Reported gains related to the direct impact of markets of $414 million in 3Q16.
The reported gains in 3Q16 included $96 million related to equity markets, $218 million related to the direct impact of interest rates on the valuation of our policy liabilities primarily due to narrowing swap spreads, and realized gains of $255 million on the sale of available-for-sale (“AFS”) bonds, partially offset by $155 million of charges related to actions to reduce our exposure to equity markets and interest rates. These actions included reducing the amount of equity investments that support long-term guarantee products and increasing interest rate hedges.

Strengthened reserves by $455 million (post-tax) following our annual review of actuarial methods and assumptions.
We completed our annual review of actuarial methods and assumptions, which resulted in a strengthening of our actuarial reserves and a decrease in net income attributed to shareholders of $455 million. The review included a $415 million net charge related to updating morbidity, mortality, lapse, future premium and tax cash flow assumptions on our JH LTC business and a charge of $313 million related to a proactive 10 basis point reduction to our ultimate reinvestment rate assumptions ahead of an expected update by the Actuarial Standards Board in 2017, partly offset by a net gain of $273 million related to other updates including policyholder experience assumptions in our U.S. Variable Annuity business. As the changes in assumptions took place as of the beginning of the quarter, there was a favourable impact on core earnings in 3Q16 of $35 million primarily related to the updates in JH LTC policyholder experience.

Growth:
Generated net flows of $2.7 billion in our wealth and asset management (“WAM”) businesses in 3Q16, down $1.8 billion compared with $4.5 billion in 3Q15.
3Q16 marked the 27th consecutive quarter of positive net flows in our WAM businesses. Strong net flows in Canada, U.S. pensions and Asia were partially offset by net outflows in Manulife Asset Management (“MAM”), due to the inherent variability in the institutional advisory business, as well as net outflows in U.S. mutual funds which were negatively impacted by year-to-date underperformance in a few key funds and customers’ reduced appetite for actively-managed solutions.

Generated gross flows of $27.4 billion in our WAM businesses in 3Q16, up 6% compared with 3Q15.
Gross flows in the U.S. declined 2% as robust mid-market sales in our pension business only partially offset a decline in mutual fund sales. In Canada, gross flows increased 9% driven by mutual fund sales reflecting our strong product line-up and successful sales campaigns. In Asia, gross flows nearly doubled due to money market fund subscriptions in mainland China, record pension sales in Hong Kong, and improved mutual fund sales in Indonesia.

Achieved insurance sales of $1.0 billion in 3Q16, an increase of 20% compared with 3Q15.
Record Asia insurance sales increased 28%, driven by double digit growth in most territories, and strong contributions from the DBS Bank Ltd (“DBS”) partnership. Canadian insurance sales increased 27% reflecting the inherent variability in group benefits sales. U.S. insurance sales declined 13% as a result of heightened competition and the market’s focus on products with guarantee features that we have de-emphasized.

Delivered Other Wealth sales of $2.0 billion in 3Q16, in line with 3Q15.
Other Wealth sales in Asia increased 7%, driven by recent product launches and distribution expansion. In Canada, Other Wealth sales were down 8% due to previous changes to our higher risk segregated fund products, including repricing.

Generated new business value (“NBV”) of $300 million in 3Q16, up 5% from 3Q15.
The increase in NBV was driven by strong growth in Asia. In Asia, NBV increased 18% to $256 million, driven primarily by strong annualized premium equivalent (“APE”) sales, partially offset by lower interest rates.

Reported Core EBITDA1 from our WAM businesses of $288 million, down 8% from 3Q15.
The decrease in Core EBITDA primarily reflects strategic investments to optimize our operational infrastructure and to expand our distribution reach in Europe and Asia, partially offset by higher fee income on higher asset levels.

Achieved total assets under management and administration (“AUMA”) of $966 billion as at September 30, 2016.
Assets under management and administration increased 9% from September 30, 2015. WAM AUMA as at September 30, 2016 increased 11% from September 30, 2015 to $525 billion, driven by investment returns and positive net flows.

Financial Strength:
Reported a strong Minimum Continuing Capital and Surplus Requirements (“MCCSR”) ratio of 234% for The Manufacturers Life Insurance Company (“MLI”) as at September 30, 2016.
The 2 percentage point decrease from the prior quarter was primarily related to an increase in required capital driven by alternative long-duration assets.

Reported a financial leverage ratio of 29.3% at September 30, 2016.
Our financial leverage decreased 40 basis points from June 30, 2016 reflecting an increase in equity due to the strong earnings growth.

HOW OUR BUSINESSES PERFORMED

Asia Division
Business highlights:
In Asia, we delivered the 10th consecutive quarter of APE sales growth with volumes up 28% compared with 3Q15, setting a new record. We also achieved a record quarter of gross flows in our Hong Kong pension business. We continued to expand our innovative solutions to additional markets during the quarter with the roll-out of our award-winning2 ManulifeMOVE wellness program to mainland China. On November 1, 2016, we commenced our 15-year Mandatory Provident Fund distribution partnership with Standard Chartered Bank in Hong Kong and closed the related acquisition.

Earnings3:
Net income attributed to shareholders was US$430 million in 3Q16 compared with US$84 million in 3Q15; core earnings was US$302 million compared with US$258 million in 3Q15 and items excluded from core earnings were a net gain of US$128 million, primarily related to the direct impact of equity markets and interest rates, compared with a net charge of US$174 million in 3Q15.

Core earnings of US$302 million in 3Q16 increased 13% compared with 3Q15 after adjusting for costs arising from expansion of the dynamic hedging program (there is a corresponding decrease in macro hedging costs in the Corporate and Other segment) and the impact of changes in foreign currency rates. The increase in core earnings was driven by solid growth of in-force business and continued strong growth in new business volumes, partially offset by lower favourable policyholder experience and the impact of declining interest rates.

Year-to-date net income attributed to shareholders was US$540 million in 2016 compared with US$558 million in 2015. Year-to-date core earnings increased by 15% compared with the same period in 2015 after adjusting for the increased dynamic hedging costs and the impact of changes in foreign currency rates noted above. This increase reflects similar factors as described above for 3Q16 as well as gains in 1Q16 related to two separate reinsurance treaties.

Sales:
APE sales in 3Q16 were US$663 million, 28% higher than 3Q15. We achieved double digit growth in most territories contributing to record APE sales for the division and for a number of territories. Contributing to the increase were insurance sales of US$525 million and other wealth APE sales of US$138 million, up 28% and 29% from 3Q15, respectively. Year-to-date APE sales in 2016 of US$1,880 million were 36% higher than in 2015. (Percentages quoted below are for 3Q16 compared with 3Q15, unless stated otherwise.)

Japan APE sales in 3Q16 of US$277 million were in line with 3Q15 as sales continued to be impacted by our pricing actions in response to declines in interest rates.
Hong Kong APE sales in 3Q16 were US$121 million, an increase of 20% as a result of our bancassurance partnership with DBS that augmented robust performance in other channels.
Asia Other (excludes Japan and Hong Kong) APE sales in 3Q16 almost doubled to US$265 million. Singapore and Indonesia experienced growth of 208% and 122%, respectively, and we reported record sales in Indonesia, Philippines and Vietnam reflecting strong performance in both bank and agency channels. Sales in the bancassurance channel increased 302% compared with 3Q15 and 108% excluding sales from our exclusive partnership with DBS that commenced in 2016.
1

Core earnings before interest, taxes, depreciation and amortization.

2

“Best Integrated Social Campaign” at the 2016 Silver Bowl Awards from the global Life Insurance and Market Research Association (LIMRA).

3

The 2015 earnings on assets backing capital allocated to each operating segment have been restated to align with the methodology used in 2016. Amounts are expressed in U.S. dollars, the presentation currency of the division.

WAM gross flows of US$3.5 billion in 3Q16 were 90% higher than 3Q15. We reported net flows in 3Q16 of US$1.0 billion, up US$3.3 billion from 3Q15. Year-to-date gross flows of US$9.5 billion were at similar levels as prior year and net flows of US$2.5 billion were US$1.5 billion higher than the same period in 2015.

Japan gross flows in 3Q16 of US$28 million decreased 66%, impacted by lower mutual fund sales as a result of negative market sentiment.
Hong Kong gross flows in 3Q16 of US$688 million increased 4%, reflecting both pension and mutual fund sales growth.
Asia Other gross flows of US$2.8 billion increased 152% driven by strong mutual fund sales in mainland China and renewed positive market sentiment in Indonesia.
New Business Value:
New business value (“NBV”) in 3Q16 was US$196 million, representing an 18% increase compared with 3Q15, driven by strong APE sales, offset by the impact of lower interest rates and other factors. Year-to-date NBV of US$533 million was 40% higher than the same period in 2015.

Japan NBV in 3Q16 of US$79 million increased 7% as a result of improved margins from pricing actions noted above and favourable product mix, partially offset by the impact of lower interest rates.
Hong Kong NBV in 3Q16 of US$63 million decreased 12% as higher insurance sales were offset by the impact of lower interest rates and expenses from continued investment in our business.
Asia Other NBV in 3Q16 of US$54 million increased 160% as a result of increased sales and management actions to improve margins.
Canadian Division
Business highlights:
In Canada, we continued to deliver strong WAM gross flows driven by the performance of our mutual fund line-up and successful sales campaigns. Additionally, our net flows exceeded those of the majority of our competitors in the mutual fund industry1. We also reported higher overall insurance sales in 3Q16, resulting primarily from the inherent variability in the large-case Group Benefits segment. We launched Manulife Vitality, an innovative approach to life insurance, whereby customers earn rewards for living a healthy life, and we launched Retirement Redefined, a new holistic retirement planning platform that helps customers develop a personalized vision of life after retirement.

Earnings2:
Canadian Division’s 3Q16 net income attributed to shareholders was $435 million compared with $276 million in 3Q15; core earnings was $354 million compared with $336 million in 3Q15; and items excluded from core earnings were a net gain of $81 million in 3Q16 compared with a net charge of $60 million in 3Q15. The $18 million increase in core earnings reflected improved policyholder experience and gains on reinsurance treaty recaptures in 3Q16. The remaining change in net income was primarily due to investment-related experience gains of $35 million in 3Q16 compared with charges of $144 million in 3Q15.

Year-to-date net income attributed to shareholders in 2016 was $1,394 million compared with $584 million in 2015; core earnings was $1,025 million compared with $900 million for the same period in 2015. The $125 million increase in core earnings was primarily due to improved policyholder experience.

1

As reported by the Investment Funds Institute of Canada, for the 12-month period ended September 30, 2016.

2

The 2015 earnings on assets backing capital allocated to each operating segment have been restated to align with the methodology used in 2016.

Sales:
WAM gross flows in 3Q16 were $4.6 billion, an increase of 9% compared with 3Q15. This increase was driven by strong growth in the mutual fund business partially offset by normal variability in the large-case segment in Group Retirement Solutions (“GRS”). Year-to-date gross flows were $13.0 billion, an increase of $0.4 billion or 3% over the same period in 2015. WAM net flows in 3Q16 were $1.3 billion, a decrease of 15% compared with 3Q15 due to higher mutual fund redemptions and lower group retirement gross flows. Assets under management for our WAM businesses reached $109.5 billion at September 30, 2016, up 13% compared with September 30, 2015, driven by positive net flows over the 12 month period of $4.2 billion and favourable equity markets.

Mutual Fund gross flows in 3Q16 of $2.7 billion increased $0.7 billion or 37% compared with 3Q15, driven by successful sales campaigns and strong performance by our top-selling mutual funds.
GRS gross flows of $1.9 billion in 3Q16 were 16% lower compared with 3Q15.
Other Wealth sales in 3Q16 of $719 million were $62 million or 8% lower compared with 3Q15 and year-to-date sales of $2,479 million were $262 million or 10% lower compared with the same period in 2015. These decreases were due to changes in our higher risk segregated fund products earlier this year, including repricing.

Segregated Fund Product1 sales in 3Q16 were $559 million, a decrease of 11% compared with 3Q15.
Fixed Product sales in 3Q16 were $160 million, an increase of 5% compared with 3Q15, reflecting product enhancements.
Manulife Bank net lending assets of $19.5 billion as at September 30, 2016, were in line with September 30, 2015 as growth continued to be impacted by intense competition in the residential mortgage market.

Insurance sales in 3Q16 of $181 million increased by 27% compared with 3Q15. This increase was driven by variability in the large-case Group Benefits segment and increased Retail Insurance universal life sales. Year-to-date sales were $456 million, 13% below the prior year period due to large-case variability in Group Benefits.

Retail Insurance sales in 3Q16 of $53 million increased 13% compared with 3Q15 driven by higher universal life sales in anticipation of regulatory changes.
Institutional Markets sales in 3Q16 of $128 million increased 35% compared with 3Q15 primarily due to variability in the large-case segment.
U.S. Division
Business highlights:
In the U.S., we delivered solid gross and net flows in our pension business, reflecting our momentum in the mid-market and the addition of a record-size plan covering more than 12,000 union-affiliated customers.2 Our mutual fund flows were negatively impacted by year-to-date underperformance in a few key funds and customers’ reduced appetite for actively-managed solutions, a trend seen across the industry. The impact of this trend was partially offset by the building momentum in our differentiated exchange traded funds (“ETF’s”). During the quarter, we expanded our wealth management offering with the launch of “My Portfolio”, a personalized web-based financial advice and investment management product for individual investors.

In response to industry trends and stagnant consumer demand, we are also announcing that we will discontinue new sales of our stand-alone individual long-term care product. This decision will not have a material impact on our on-going earnings3. We are committed to serving our existing customers and honoring our obligations to our over 1.2 million long-term care policyholders. We intend to continue to offer long-term care coverage as an accelerated benefit rider to our wide range of life insurance products, as this has become an increasingly popular alternative to stand-alone long-term care insurance policies in recent years.

Earnings4:
Net income attributed to shareholders was US$428 million compared with US$387 million in 3Q15; core earnings was US$302 million compared with US$286 million in 3Q15; and items excluded from core earnings were a net gain of US$126 million in 3Q16 compared with a net gain of US$101 million in 3Q15.

The US$16 million increase in core earnings reflected the favourable impact of changes in actuarial methods and assumptions on policyholder experience gains/losses and lower amortization of deferred acquisition costs on in-force variable annuity business; partially offset by the impact of lower John Hancock Insurance (“JH Insurance”) sales and lower tax benefits. The favourable variance of US$25 million in items excluded from core earnings related to investment-related experience gains in 3Q16 compared with losses in 3Q15, partially offset by the write-off of an intangible asset related to JH LTC’s distribution network and less favourable market-related impacts.

Year-to-date net income attributed to shareholders was US$920 million compared with US$897 million for the same period in 2015 and included core earnings of US$865 million, a US$36 million decrease from the same period in 2015. The drivers of the core earnings variance were consistent with 3Q16 as well as lower fee income in WAM businesses attributable to the impact of market volatility and shifts in business mix, and adverse policyholder experience in JH LTC in the first two quarters of 2016.

1

Segregated fund products include guarantees. These products are also referred to as variable annuities.

2

Record based on dollars of sale.

3

See “Caution regarding forward-looking statements” below.

4

The 2015 earnings on assets backing capital allocated to each operating segment have been restated to align with the methodology used in 2016. Amounts are expressed in U.S. dollars, the functional currency of the division.

Sales:
WAM gross flows in 3Q16 were US$12.8 billion, a decrease of 2% compared with 3Q15, due to a 23% decline in mutual fund gross flows, partially offset by a 30% increase in pension gross flows. Net flows were US$652 million for the quarter and US$754 million year-to-date, compared with US$3.4 billion and US$6.7 billion in the prior periods, respectively. The decline relates to reasons outlined in the business highlights above. Year-to-date gross flows of US$37.2 billion increased 10% compared with the prior year period.

JH Investments 3Q16 gross flows of US$6.0 billion decreased 23% compared with 3Q15 primarily due to the non-recurrence of large institutional allocations that occurred in the prior year (excluding the impact of institutional allocations, the decrease would have been 6%). Net outflows of US$541 million compared with net inflows of US$3.3 billion in 3Q15, with the decrease due to lower gross flows along with the continued shift of industry flows from active to passive management and year-to-date underperformance in some of our key funds. Assets under management at September 30, 2016 increased 10% from September 30, 2015 to a record US$87.2 billion. Our 12-month trailing organic growth rate through September 2016 was 2.1% compared with an industry decline of 1.2%.1
JH Retirement Plan Services 3Q16 gross flows were a record US$6.8 billion, up 30% compared with 3Q15, primarily driven by mid-market sales, which included a record-size plan2, and strong ongoing contributions in both the small case and mid-market segments. Net flows were US$1.2 billion compared with net flows of US$137 million in the prior year period. The increase in net flows was driven by strong gross flows partially offset by the loss of several large plans.
1

Source: Strategic Insight: ICI Confidential. Direct Sold mutual funds, fund-of-funds and ETF’s are excluded. Organic sales growth rate is calculated as net new flows divided by beginning period assets. Industry data through September 2016.

2

Record based on dollars of sale.

Insurance sales in 3Q16 of US$110 million decreased 13% compared with 3Q15, and on a year-to-date basis, sales of US$339 million decreased 6% compared with the same period in 2015.

JH Life sales in 3Q16 of US$102 million decreased 11% compared with 3Q15, reflecting an industry trend of reverting back towards sales of products with guarantee features which we have purposely de-emphasized in our product portfolio, partially offset by strong sales of Term and International Life products.
JH LTC 3Q16 sales of US$8 million decreased 33% compared with 3Q15, reflecting lower sales across all products.
Corporate and Other
Corporate and Other is composed of: investment performance on assets backing capital, net of amounts allocated to operating divisions and financing costs; Investment Division’s external asset management business; Property and Casualty Reinsurance business; as well as run-off reinsurance operations including variable annuities and accident and health.

Corporate and Other reported a net loss attributed to shareholders of $438 million in 3Q16 compared with a net loss of $272 million in 3Q15. The increased net loss was due to higher charges related to the annual review of actuarial methods and assumptions. The net loss in 3Q16 consisted of a core loss of $146 million (3Q15 – core loss of $179 million) and items excluded from core loss amounted to charges of $292 million (3Q15 – charges of $93 million). The $33 million favourable variance in core loss related to the $68 million increase in investment-related experience reported in core earnings, partially offset by the impact of a strengthening U.S. dollar on interest allocated to the U.S. and Asia divisions when expressed in Canadian dollars, and higher interest expense due to recent debt issuances.

On a year-to-date basis the net loss attributed to shareholders was $445 million in 2016 compared with a net loss of $472 million for the same period in 2015. The year-to-date core loss was $542 million compared with $365 million in 2015 reflecting $73 million of higher expected macro hedging costs, and other items consistent with the drivers described above. Items excluded from core loss were a net gain of $97 million in 2016 compared with a net charge of $107 million in 2015.

CORPORATE ITEMS
In a separate news release today, the Company announced that the Board of Directors approved a quarterly shareholders’ dividend of 18.5 cents per share on the common shares of MFC, payable on and after December 19, 2016 to shareholders of record at the close of business on November 22, 2016.

The Board of Directors also approved that, in respect of MFC’s December 19, 2016 common share dividend payment date, and pursuant to MFC’s Canadian Dividend Reinvestment and Share Purchase Plan and its U.S. Dividend Reinvestment and Share Purchase Plan, the required common shares be purchased on the open market. The purchase price of such shares will be based on the average of the actual cost to purchase such common shares. There are no applicable discounts because the common shares are being purchased on the open market and are not being issued from treasury.

Awards & Recognition

In Japan, Manulife Japan was honoured as one of the four Best Employers in 2016 in Japan by Aon Hewitt. The award recognized Manulife’s focus on people as a critical part of its strategy with multiple programs to promote diversity and inclusion, talent development and a positive working environment.

In Indonesia, Manulife has been awarded “The Best Financial Performance Life Insurance Company 2016” and “The Best Consumer Choice Life Insurance Company” held by Warta Ekonomi. The awards recognize insurance companies that showcase business performance as well as services to the community.

In North America, Manulife was named to the 2016 Dow Jones Sustainability North American Index for the 5th consecutive year. The recognition highlights Manulife’s continued commitment to ethical and sustainable business practices, good governance and making positive contributions to the communities it serves.

In the United States, Manulife received Bronze for Leadership Development at the 2016 Brandon Hall Group Excellence Awards. The Brandon Hall Group Excellence Awards recognizes organizations that have successfully deployed programs, strategies, modalities, processes, systems, and tools that have achieved measurable results. Manulife won for the program: “Leadership as a Profession: Inspired People, Inspired Results”.

Notes:

Manulife Financial Corporation will host a Third Quarter Earnings Results Conference Call at 2:00 p.m. ET on November 10, 2016. For local and international locations, please call 416-340-8530 and toll free in North America please call 1-800-769-8320. Please call in ten minutes before the call starts. You will be required to provide your name and organization to the operator. A replay of this call will be available by 6:00 p.m. ET on November 10, 2016 through November 24, 2016 by calling 905-694-9451 or 1-800-408-3053 (passcode: 5934860).

The conference call will also be webcast through Manulife’s website at 2:00 p.m. ET on November 10, 2016. You may access the webcast at: http://www.manulife.com/quarterlyreports. An archived version of the webcast will be available at 6:00 p.m. ET on the website at the same URL as above.

The Third Quarter 2016 Statistical Information Package is also available on the Manulife website at: http://www.manulife.com/quarterlyreports.

Financial Highlights

Quarterly Results

YTD Results

($ millions, unless otherwise stated, unaudited)

3Q16

2Q16

3Q15

2016

2015

Net income attributed to shareholders

$

1,117

$

704

$

622

$

2,866

$

1,945

Preferred share dividends

(34)

(37)

(29)

(100)

(87)

Common shareholders’ net income

$

1,083

$

667

$

593

$

2,766

$

1,858

Core earnings(1)

$

996

$

833

$

870

$

2,734

$

2,569

Basic earnings per common share ($)

$

0.55

$

0.34

$

0.30

$

1.40

$

0.95

Diluted earnings per common share ($)

$

0.55

$

0.34

$

0.30

$

1.40

$

0.94

Diluted core earnings per common share ($)(1)

$

0.49

$

0.40

$

0.43

$

1.34

$

1.27

Return on common shareholders’ equity (“ROE”)

11.1%

7.1%

6.5%

9.7%

7.1%

Core ROE(1)

9.8%

8.4%

9.2%

9.2%

9.5%

Sales(1)

Insurance products

$

1,010

$

914

$

803

$

2,878

$

2,353

Wealth and Asset Management gross flows(1)

$

27,418

$

26,644

$

25,862

$

82,290

$

83,597

Wealth and Asset Management net flows(1)

$

2,694

$

4,822

$

4,514

$

9,192

$

25,639

Other Wealth products

$

2,038

$

2,000

$

1,845

$

6,422

$

5,385

Premiums and deposits(1)

Insurance products

$

8,347

$

8,422

$

7,476

$

24,955

$

21,750

Wealth and Asset Management products

$

27,418

$

26,644

$

25,862

$

82,290

$

83,597

Other Wealth products

$

1,476

$

1,712

$

1,595

$

4,629

$

4,755

Corporate and Other

$

22

$

21

$

24

$

65

$

64

Assets under management and administration ($ billions)(1)

$

966

$

934

$

888

$

966

$

888

Capital ($ billions)(1)

$

51.8

$

50.9

$

47.9

$

51.8

$

47.9

MLI’s MCCSR ratio

234%

236%

226%

234%

226%

(1)

This item is a non-GAAP measure.

Performance and Non-GAAP Measures

We use a number of non-GAAP financial measures to measure overall performance and to assess each of our businesses. A financial measure is considered a non-GAAP measure if it is presented other than in accordance with generally accepted accounting principles used for the Company’s audited financial statements. Non-GAAP measures referenced in this presentation include: Core Earnings (Loss); Core ROE; Diluted Core Earnings Per Common Share; Core EBITDA; Core Investment Gains; Constant Currency Basis (measures that are reported on a constant currency basis include percentage growth in Sales, Gross Flows, Premiums and Deposits, Core EBITDA, and Assets under Management and Administration); Premiums and Deposits; Assets under Management; Assets under Management and Administration; Capital; New Business Value; New Business Value Margin; Sales; APE Sales; Gross Flows and Net Flows. Non-GAAP financial measures are not defined terms under GAAP and, therefore, are unlikely to be comparable to similar terms used by other issuers. Therefore, they should not be considered in isolation or as a substitute for any other financial information prepared in accordance with GAAP. For more information on non-GAAP financial measures, including those referred to above, see “Performance and Non-GAAP Measures” in our 3Q16 and 2015 Management’s Discussion and Analysis.

The following table summarizes for the past eight quarters core earnings and net income (loss) attributed to shareholders.

Total Company

Quarterly Results

($ millions, unaudited)

3Q16

2Q16

1Q16

4Q15

3Q15

2Q15

1Q15

4Q14

Total core earnings

$

996

$

833

$

905

$

859

$

870

$

902

$

797

$

713

Investment-related experience outside of core earnings

280

60

(340)

(361)

(169)

77

(77)

(403)

Core earnings plus investment-related

experience outside of core earnings

1,276

893

565

498

701

979

720

310

Other items to reconcile core earnings to net income

attributed to shareholders:

Direct impact of equity markets and interest rates and

variable annuity guarantee liabilities (details below)

414

(170)

474

(29)

232

(309)

13

377

Recapture of reinsurance treaties

(52)

12

Change in actuarial methods and assumptions

(455)

12

(97)

(285)

(47)

(22)

(59)

Integration and acquisition costs

(23)

(19)

(14)

(39)

(26)

(54)

(30)

12

Tax related items

2

1

2

31

30

Other items

(97)

7

(37)

Net income attributed to shareholders

$

1,117

$

704

$

1,045

$

246

$

622

$

600

$

723

$

640

Other market-related factors

Direct impact of equity markets and variable annuity

guarantee liabilities

$

96

$

(97)

$

(150)

$

77

$

(419)

$

28

$

15

$

(142)

Gains (charges) on higher (lower) fixed income

reinvestment rates assumed in the valuation of

policy liabilities

218

(113)

407

(97)

647

(362)

13

533

Gains (charges) on sale of AFS bonds and derivative

positions in the Corporate segment

255

40

217

(9)

4

25

(15)

(14)

Risk reduction items

(155)

Direct impact of equity markets and interest

rates and variable annuity guarantee liabilities

$

414

$

(170)

$

474

$

(29)

$

232

$

(309)

$

13

$

377

Asia Division

Quarterly Results

($ millions, unaudited)

3Q16

2Q16

1Q16

4Q15

3Q15

2Q15

1Q15

4Q14

Asia Division core earnings(1)

$

394

$

342

$

371

$

334

$

338

$

283

$

279

$

260

Investment-related experience outside of core earnings

62

(25)

(20)

(3)

21

7

(2)

Core earnings plus investment-related experience

outside of core earnings

456

317

351

331

359

290

279

258

Other items to reconcile core earnings to net income

attributed to shareholders

Direct impact of equity markets and interest rates and

variable annuity guarantee liabilities

107

(287)

(238)

76

(248)

15

(17)

78

Tax-related items

10

2

(2)

20

Integration and acquisition costs

(2)

(2)

(2)

Net income attributed to shareholders(1)

$

561

$

28

$

121

$

409

$

111

$

303

$

282

$

336

(1) The 2015 earnings on assets backing capital allocated to each operating segment have been restated to align with the methodology used in 2016.

Canadian Division

Quarterly Results

($ millions, unaudited)

3Q16

2Q16

1Q16

4Q15

3Q15

2Q15

1Q15

4Q14

Canadian Division core earnings(1)

$

354

$

333

$

338

$

352

$

336

$

303

$

261

$

224

Investment-related experience outside of core earnings

35

(88)

(78)

(180)

(144)

14

(81)

(199)

Core earnings plus investment-related experience

outside of core earnings

389

245

260

172

192

317

180

25

Other items to reconcile core earnings to net income

attributed to shareholders

Direct impact of equity markets and interest rates and

variable annuity guarantee liabilities

60

130

346

(201)

97

(114)

(65)

48

Recapture of reinsurance treaty and tax-related items

(52)

1

12

Integration and acquisition costs

(14)

(16)

(6)

(23)

(13)

(14)

(9)

Net income (loss) attributed to shareholders(1)

$

435

$

359

$

600

$

(104)

$

276

$

190

$

118

$

73

(1) The 2015 earnings on assets backing capital allocated to each operating segment have been restated to align with the methodology used in 2016.

U.S. Division

Quarterly Results

($ millions, unaudited)

3Q16

2Q16

1Q16

4Q15

3Q15

2Q15

1Q15

4Q14

U.S. Division core earnings(1)

$

394

$

361

$

389

$

332

$

375

$

385

$

374

$

338

Investment-related experience outside of core earnings

192

93

(233)

(146)

(34)

64

(9)

(154)

Core earnings plus investment-related experience

outside of core earnings

586

454

156

186

341

449

365

184

Other items to reconcile core earnings to net income (loss)

attributed to shareholders

Direct impact of equity markets and interest rates and

variable annuity guarantee liabilities

72

(47)

82

142

174

(251)

99

322

Integration and acquisition costs

(4)

(4)

(5)

(8)

(32)

Tax-related items

2

Other items

(97)

7

Net income attributed to shareholders(1)

$

559

$

407

$

241

$

323

$

507

$

166

$

464

$

506

(1) The 2015 earnings on assets backing capital allocated to each operating segment have been restated to align with the methodology used in 2016.

Corporate and Other

Quarterly Results

($ millions, unaudited)

3Q16

2Q16

1Q16

4Q15

3Q15

2Q15

1Q15

4Q14

Corporate and Other core loss (excluding expected

cost of macro hedges and core investment gains) (1)

$

(102)

$

(125)

$

(107)

$

(85)

$

(66)

$

(74)

$

(73)

$

(112)

Expected cost of macro hedges

(61)

(78)

(86)

(74)

(62)

(46)

(44)

(47)

Investment-related experience included in core earnings

17

(51)

51

50

Total core loss

(146)

(203)

(193)

(159)

(179)

(69)

(117)

(109)

Investment-related experience outside of core earnings

(9)

80

(9)

(32)

(12)

(8)

13

(48)

Core loss plus investment-related experience outside

of core earnings

(155)

(123)

(202)

(191)

(191)

(77)

(104)

(157)

Other items to reconcile core earnings (loss) to net income

(loss) attributed to shareholders

Direct impact of equity markets and interest rates

and variable annuity guarantee liabilities

175

34

284

(46)

209

41

(4)

(71)

Changes in actuarial methods and assumptions

(455)

12

(97)

(285)

(47)

(22)

(59)

Integration and Acquisition Costs

(3)

(1)

(2)

(11)

(5)

(8)

(21)

12

Tax-related items

(9)

32

10

Other items

(37)

Net income (loss) attributed to shareholders(1)

$

(438)

$

(90)

$

83

$

(382)

$

(272)

$

(59)

$

(141)

$

(275)

(1) The Corporate and Other segment includes earnings on assets backing capital net of amounts allocated to operating divisions. The 2015 earnings on assets backing capital allocated to each operating segment have been restated to align with the methodology used in 2016.

Caution regarding forward-looking statements

From time to time, MFC makes written and/or oral forward-looking statements, including in this document. In addition, our representatives may make forward-looking statements orally to analysts, investors, the media and others. All such statements are made pursuant to the “safe harbour” provisions of Canadian provincial securities laws and the U.S. Private Securities Litigation Reform Act of 1995.

The forward-looking statements in this document include statements about the expected impact of the decision to discontinue new sales of our stand-alone individual long-term care product in the U.S. and also relate to, among other things, our objectives, goals, strategies, intentions, plans, beliefs, expectations and estimates, and can generally be identified by the use of words such as “may”, “will”, “could”, “should”, “would”, “likely”, “suspect”, “outlook”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “plan”, “forecast”, “objective”, “seek”, “aim”, “continue”, “goal”, “restore”, “embark” and “endeavour” (or the negative thereof) and words and expressions of similar import, and include statements concerning possible or assumed future results. Although we believe that the expectations reflected in such forward-looking statements are reasonable, such statements involve risks and uncertainties, and undue reliance should not be placed on such statements and they should not be interpreted as confirming market or analysts’ expectations in any way.

Certain material factors or assumptions are applied in making forward-looking statements and actual results may differ materially from those expressed or implied in such statements.

Important factors that could cause actual results to differ materially from expectations include but are not limited to: general business and economic conditions (including but not limited to the performance, volatility and correlation of equity markets, interest rates, credit and swap spreads, currency rates, investment losses and defaults, market liquidity and creditworthiness of guarantors, reinsurers and counterparties); changes in laws and regulations; changes in accounting standards applicable in any of the territories in which we operate; changes in regulatory capital requirements; our ability to execute strategic plans and changes to strategic plans; downgrades in our financial strength or credit ratings; our ability to maintain our reputation; impairments of goodwill or intangible assets or the establishment of provisions against future tax assets; the accuracy of estimates relating to morbidity, mortality and policyholder behaviour; the accuracy of other estimates used in applying accounting policies, actuarial methods and embedded value methods; our ability to implement effective hedging strategies and unforeseen consequences arising from such strategies; our ability to source appropriate assets to back our long-dated liabilities; level of competition and consolidation; our ability to market and distribute products through current and future distribution channels, including through our collaboration arrangements with Standard Life plc, bancassurance partnership with DBS Bank Ltd and distribution agreement with Standard Chartered; unforeseen liabilities or asset impairments arising from acquisitions and dispositions of businesses, including with respect to the acquisitions of Standard Life, New York Life’s Retirement Plan Services business and Standard Chartered’s MPF and Occupational and Retirement Schemes Ordinance (“ORSO”) businesses; the realization of losses arising from the sale of investments classified as available-for-sale; our liquidity, including the availability of financing to satisfy existing financial liabilities on expected maturity dates when required; obligations to pledge additional collateral; the availability of letters of credit to provide capital management flexibility; accuracy of information received from counterparties and the ability of counterparties to meet their obligations; the availability, affordability and adequacy of reinsurance; legal and regulatory proceedings, including tax audits, tax litigation or similar proceedings; our ability to adapt products and services to the changing market; our ability to attract and retain key executives, employees and agents; the appropriate use and interpretation of complex models or deficiencies in models used; political, legal, operational and other risks associated with our non-North American operations; acquisitions and our ability to complete acquisitions including the availability of equity and debt financing for this purpose; the failure to realize some or all of the expected benefits of the acquisitions of Standard Life, New York Life’s Retirement Plan Services business and Standard Chartered’s MPF and ORSO businesses; the disruption of or changes to key elements of the Company’s or public infrastructure systems; environmental concerns; our ability to protect our intellectual property and exposure to claims of infringement; and our inability to withdraw cash from subsidiaries.

Additional information about material risk factors that could cause actual results to differ materially from expectations and about material factors or assumptions applied in making forward-looking statements may be found under “Risk Factors” in our most recent Annual Information Form, under “Risk Management”, “Risk Factors” and “Critical Accounting and Actuarial Policies” in the Management’s Discussion and Analysis in our most recent annual report, under “Risk Management and Risk Factors Update” and “Critical Accounting and Actuarial Policies” in the Management’s Discussion and Analysis in our most recent interim report, in the “Risk Management” note to consolidated financial statements in our most recent annual and interim reports and elsewhere in our filings with Canadian and U.S. securities regulators.

The forward-looking statements in this document are, unless otherwise indicated, stated as of the date hereof and are presented for the purpose of assisting investors and others in understanding our financial position and results of operations, our future operations, as well as our objectives and strategic priorities, and may not be appropriate for other purposes. We do not undertake to update any forward-looking statements, except as required by law.

Media Inquiries: Sean B. Pasternak, (416) 852-2745, sean_pasternak@manulife.com; Investor Relations: Robert Veloso, (416) 852-8982, robert_veloso@manulife.com

Source: Manulife Financial
Related stocks: HongKong:00945 HongKong:00945.HK HongKong:0945 NYSE:MFC Toronto:MFC
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November 15, 2016 at 4:20 pm

Posted in Uncategorized

EuropaCorp and Lexus Unveil 28th Century Spacecraft ‘SKYJET’ in Upcoming Sci-Fi Epic: Valerian and the City of a Thousand Planets

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-SEE THE ‘SKYJET’, REVEALED IN THE OFFICIAL VALERIAN TEASER TRAILER TODAY: HTTP://VALERIANMOVIE.COM
TOKYO /PRNewswire/ — Today, Lexus announced the formation of a creative partnership with film studio EuropaCorp. One of the early highlights of this collaboration will be the highly anticipated 2017 science fiction film, Valerian and the City of a Thousand Planets, starring Cara Delevingne and Dane DeHaan. Lexus collaborated with the Valerian creative team, as they imagined and brought to life the vision for the SKYJET, a single-seat pursuit craft featured in the film.

An epic teaser trailer unveiled online today (http://valerianmovie.com ) gives fans a long-awaited first look at footage from the film. Viewers will also get a first glimpse of the SKYJET maneuvering through the intergalactic citadel of Alpha.

The Valerian team created the SKYJET with the ambition of featuring a vehicle grounded in reality but befitting of the Valerian world, set 700 years in the future. The creative team met with Lexus’ Chief Engineer, Takeaki Kato and the Lexus design team, to discuss incorporating believable, imaginative technologies and contemporary design cues into the final iteration of the SKYJET.

The SKYJET design also incorporates an adapted interpretation of Lexus’ signature “spindle” grille, and a similar headlight design to that of the hotly anticipated 2018 Lexus LC coupe, defined by an athletic and aerodynamic shape.

Valerian and the City of a Thousand Planets features an all-star cast including Clive Owen, Ethan Hawke, Rihanna, and Kris Wu. The project marks Luc Besson’s most ambitious film to date and the largest-budget European motion picture ever produced. The feature film is an adaptation of the French comic series “Valerian,” written by Pierre Christin and illustrated by Jean-Claude Mezieres. The film is produced by Virginie Besson-Silla.

Commenting on the partnership, director Luc Besson said, “For this partnership we were looking for a brand that’s pioneering in innovation and technology, who is focused on the future more than the past.”

The brand is set to provide unique fan experiences over the next nine months, designed to bring enthusiasts from around the world closer to the action leading up to the film’s release in July 2017.

Commenting on the development of the SKYJET, David Nordstrom, Global Branding Department General Manager at Lexus, added: “As fans of films and Luc’s previous work, Lexus is privileged to help bring Luc’s dream to life. We enjoyed the challenge of bringing Lexus’ design philosophy and technology innovations to this project. We look forward to developing our partnership with EuropaCorp as we strive to give audiences the most amazing experiences imaginable in the coming years.”

Learn more about VALERIAN AND THE CITY OF A THOUSAND PLANETS on:

Facebook: https://www.facebook.com/ValerianMovie
Twitter: https://twitter.com/ValerianMovie
Instagram: https://instagram.com/valerianmovie/

#Valerian

Facebook: https://www.facebook.com/LexusInternational
Twitter: https://twitter.com/LexusInt
Instagram: https://www.instagram.com/beyondbylexus/
http://www.lexus-int.com/

ABOUT VALERIAN

Rooted in the classic graphic novel series, Valerian and Laureline – visionary writer/director Luc Besson advances this iconic source material into a contemporary, unique and epic science fiction saga.

Valerian (Dane DeHaan) and Laureline (Cara Delevingne) are special operatives for the government of the human territories charged with maintaining order throughout the universe. Under directive from their Commander (Clive Owen), Valerian and Laureline embark on a mission to the breathtaking intergalactic city of Alpha, an ever-expanding metropolis comprised of thousands of different species from all four corners of the universe. Alpha’s seventeen million inhabitants have converged over time- uniting their talents, technology and resources for the betterment of all. Unfortunately, not everyone on Alpha shares in these same objectives; in fact, unseen forces are at work, placing our race in great danger.

ABOUT LEXUS

Since its U.S. market debut in 1989, Lexus has earned a worldwide reputation for high-quality products and exemplary customer service. Renowned for the superior reliability of its vehicles, Lexus is the luxury hybrid leader, offering hybrids that combine innovative technology and premier luxury. To date, Lexus has grown into 90+ markets worldwide. The evolution of Lexus is not only reflected in the progressive designs of its latest vehicles, but also in the brand’s mission to captivate the next generation of luxury consumers with consciousness, products, and services that are visionary, original and exciting. http://www.lexus-int.com

ABOUT EUROPACORP

EuropaCorp is a global film and television studio founded by visionary director, screenwriter and producer Luc Besson (The Big Blue, La Femme Nikita, Leon: The Professional, The Fifth Element, The Lady and Lucy). EuropaCorp has produced the phenomenally successful Taken and The Transporter franchises and the global blockbuster Lucy, among other successful films worldwide. The studio’s upcoming film slate includes Shut In, starring Naomi Watts; Miss Sloane, starring Jessica Chastain; the action-thriller Renegades, starring Sullivan Stapleton and JK Simmons.

Photo – http://photos.prnewswire.com/prnh/20161109/437450
Photo – http://photos.prnewswire.com/prnh/20161109/437451
Photo – http://photos.prnewswire.com/prnh/20161109/437452

Source: Lexus International
Related Links:
http://www.lexus-int.com

Written by asiafreshnews

November 15, 2016 at 4:17 pm

Posted in Uncategorized

Private Education Institution Wins the Highest Award at the Annual School Green Awards

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SINGAPORE/PRNewswire/ — London School of Business and Finance (LSBF) in Singapore is proud to be awarded the Lotus Award in the School Green Award category, the highest award in the school category under the institutions of higher learning.

LSBF Singapore Built Bottle Garden in the land-scare CBD campus in August
LSBF Singapore Built Bottle Garden in the land-scare CBD campus in August
This is the school’s third consecutive year attaining achievement in the Schools’ Green Award, organized by Singapore Environment Council, with a higher recognition each year.

The evaluation for the award takes into consideration of energy management, waste management, water management, infrastructure and initiatives in promoting environmental protection, 3R recycling efforts, etc. Being one of the highest awards, it requires award recipients to garner an overall score of 95%, showcasing innovative environmental project and participating in an external activity to promote Singapore’s sustainability.

“I am delighted by our achievements, but more importantly, impressed with our community’s commitment and fortitude to persevere despite our limited resources as a private education institution,” commented Rathakrishnan Govind, Managing Director of LSBF in Singapore.

From conceptualising the design and creating the prototype, to showcasing the creative recycling bin at Green Living 2016 and garnering votes on different platforms, LSBF in Singapore’s Green committee and Go Green student club have certainly come a long way.

“The team meets monthly and has spearheaded many green projects throughout the year. Our green ecosystem involves staff and students. It hasn’t been an easy task since we all have other roles. All, who are involved, work really hard and it is awesome to get the recognition we deserve,” added Muhammad Husain, Quality Assurance Manager at LSBF in Singapore.

In addition to winning the Lotus Award, the school also won the Schools’ Recycling Bin Design Competition.

Media Contact:
Miko Chng
Head of Marketing
Phone: +65-6580-7350
Email: mchng@lsbf.edu.sg

Photo – http://photos.prnasia.com/prnh/20161110/8521607337

Source: London School of Business & Finance

Written by asiafreshnews

November 15, 2016 at 3:10 pm

Posted in Uncategorized

Champions Announced for ‘MGM Lion Dance Championship 2016’

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-Yi Wei Athletic Association from Singapore and Wushu Federation from Philippines Win Titles

MACAU/PRNewswire/ — The sixth “MGM Lion Dance Championship — Macau International Invitational” came to conclusion in a glorious ceremony at MGM MACAU’s Grande Praca. Yi Wei Athletic Association from Singapore took home the champion title of “Male Lion Dance Championship”, while Wushu Federation from Philippines won in Macau’s first “Female Lion Dance Championship”.

Guests of Honor posed for a group photo with the male and female winning teams at the Award Presentation Ceremony.
Guests of Honor posed for a group photo with the male and female winning teams at the Award Presentation Ceremony.

Yi Wei Athletic Association from Singapore bested the other 14 teams by a score of 9.19 and won the Male Lion Dance Championship.
Yi Wei Athletic Association from Singapore bested the other 14 teams by a score of 9.19 and won the Male Lion Dance Championship.

Persekutuan Tarian Naga & Singa Malaysia Team B – Kuantan Builder’s Association Lion & Dragon Dance Group from Malaysia won second-runner up for the Female Lion Dance Championship.
Persekutuan Tarian Naga & Singa Malaysia Team B – Kuantan Builder’s Association Lion & Dragon Dance Group from Malaysia won second-runner up for the Female Lion Dance Championship.
The “MGM Lion Dance Championship — Macau International Invitational” was first launched in 2010 by MGM as a way to promote this significant piece of Chinese culture into an internationally recognized sport, while passing on the heritage to younger generation and wider audience. In 2011, MGM began a new tradition by hosting the world’s first “Female Lion Dance Performance Competition”, which is upgraded to the “Female Lion Dance Championship” with international rating system this year. Last year, MGM rolled out Macau’s first-ever Junior Lion Dance Program, an annual summer training opportunity for youngsters aged 5 to 10 to learn the fundamentals of this traditional sport; accumulatively, over 110 graduates have completed this program in August 2016, and have performed at public events including government-hosted festivities.

The “MGM Lion Dance Championship 2016” saw 23 elite lion dance troupes from 10 countries and regions strive for the top titles. In the male category, Yi Wei Athletic Association from Singapore bested the other 14 teams by a score of 9.19; Chinese Shenzhen City Fuyong Street Huaide Lion Dance Group from China and Persekutuan Tarian Naga & Singa Malaysia Team B — Kuantan Builder’s Association Lion & Dragon Dance Group from Malaysia finished as the First and Second Runners-up with scores of 9.18 and 9.13 respectively. In the female category, Wushu Federation from Philippines won the Championship by a score of 8.90, while Associacao Desportiva e Recreativa Hong Wai from Macau and Persekutuan Tarian Naga & Singa Malaysia Team B — Kuantan Builder’s Association Lion & Dragon Dance Group from Malaysia finished second and third with scores of 8.83 and 8.76 respectively among.

Guests of Honor in attendance at the Award Presentation Ceremony were Mr. Kou Ming, Deputy Director-General of Economic Affairs Department of Liaison Office of the Central People’s government in the Macao SAR; Ms. Maria Helena de Senna Fernandes, Director of Macao Government Tourism Office; Mr. Wu Iao Ut, Head of Sports Associations and Support Division of Sports Bureau of the Macao SAR; Mr. Chan Weng Kit, President of Wushu General Association of Macau and Chairman of Dragon & Lion Dance Federation of Asia; Mr. Chao Chi Man, Honorary Chairman of the Organizing Committee of MGM Lion Dance Championship, and Mr. Grant Bowie, Chief Executive Officer and Executive Director of MGM China Holdings Limited, who presented trophies to and congratulated the winning teams to mark the successful conclusion of the two-day event.

Mr. Grant Bowie expressed his gratitude towards all related parties for their continued support and contributions to make this event once again a huge success. “Chinese culture is an integral part of what makes Macau a unique destination that it is. We are honored to have the support from the government and our partners to pass bring this significant cultural sport to the world, while sparking interest in the younger generation. This is a sport that requires trust among team members, builds courage and integrity, which are qualities we would like to foster among the youth in our community. As we continue to develop diversified offerings, we hope the MGM Lion Dance Championship will become one of Macau’s staple annual events that brings the world to our city.”

MGM Lion Dance Championship — Macau International Invitational 2016

Results of “Male Lion Dance Championship”

Team

Ranking

Score

Yi Wei Athletic Association from Singapore

Champion

9.19

Chinese Shenzhen City Fuyong Street Huaide Lion Dance Group from China

1st Runner-up

9.18

Persekutuan Tarian Naga & Singa Malaysia Team B — Kuantan Builder’s Association Lion & Dragon Dance Group from Malaysia

2nd Runner-up

9.13

Results of “Female Traditional Lion Dance Championship”

Team

Ranking

Score

Wushu Federation from Philippines

Champion

8.90

Associação Desportiva e Recreativa Hong Wai from Macau

1st Runner-up

8.83

Persekutuan Tarian Naga & Singa Malaysia Team B — Kuantan Builder’s Association Lion & Dragon Dance Group from Malaysia

2nd Runner-up

8.76

About MGM MACAU

MGM MACAU is a Forbes Five-Star luxury integrated resort inspired by the arts with every element of the resort infused with creativity and style. MGM MACAU has approximately 600 guest rooms and suites and boasts a number of distinguishing features, including the architecturally stunning European-inspired Grande Praca, housed under a soaring glass ceiling. MGM MACAU’s world class facilities include the MGM Art Space dedicating over 5,000 square feet to display authentic works of art, conference and event facilities, spa, and seven signature restaurants and bars to fulfill any gastronomic craving. Our property is conveniently located on prime waterfront on the Macau Peninsula and is directly connected to the luxury retail shopping complex, One Central.

For more information on MGM MACAU please visit: http://www.mgm.mo.

For media enquiries, please contact:

Irene Wong
Vice President of Public & Community Relations
MGM
Tel: (853) 8802 2822
Email: irenewong@mgm.mo

Karen Lam
Public Relations Manager
MGM
Tel: (853) 8802 3801
Email: karenlam@mgm.mo

Juliana Kung
Public Relations Manager
MGM
Tel: (853) 8802 3803
Email: julianakung@mgm.mo

Photo – http://photos.prnasia.com/prnh/20161114/8521607399-a
Photo – http://photos.prnasia.com/prnh/20161114/8521607399-b
Photo – http://photos.prnasia.com/prnh/20161114/8521607400-d

Source: MGM
Related Links:
http://www.mgm.mo

Written by asiafreshnews

November 15, 2016 at 2:24 pm

Posted in Uncategorized

Asia Plantation Capital Berhad Confirms Regulatory Approval from Malaysian Government Body

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KUALA LUMPUR, Malaysia /PRNewswire/ — Asia Plantation Capital Berhad is proud to be the first company in Malaysia (and indeed the Asian market) to receive regulatory approval for its agarwood plantation investment programme.

Asia Plantation Capital’s certification from the Suruhanjaya Syarikat Malaysia (SSM).
Asia Plantation Capital’s certification from the Suruhanjaya Syarikat Malaysia (SSM).
After initial approval in August 2016, Suruhanjaya Syarikat Malaysia (SSM) – the Companies Commission of Malaysia – has officially confirmed the final approval for the company to market its agarwood plantation investment programme both in Malaysia and on the international market, thereby establishing Asia Plantation Capital as the preeminent plantation management company in the region.

SSM is a statutory body in Malaysia that regulates companies and businesses, and is the country’s leading authority for the improvement of corporate governance, and compliance with businesses registration and corporate legislation. As an enforcement body, SSM lays down stringent guidelines, all of which have been met by Asia Plantation Capital for its plantation project in Batu Pahat, Johor, Malaysia.

Asia Plantation Capital Berhad’s Agarwood Distillery and Factory in Johor Bahru, Malaysia.
Asia Plantation Capital Berhad’s Agarwood Distillery and Factory in Johor Bahru, Malaysia.
“We are very proud and honoured to be the first company in Asia to have been given official regulatory approval for our vertically integrated agarwood plantation investments,” said Steve Watts, CEO, Asia Plantation Capital Berhad, “as we firmly believe that the industry as a whole needs comprehensive regulation. The Asia Plantation Capital Group has always led the way in promoting a regulated agarwood industry in Asia. It’s taken a lot of hard work from our respective teams to ensure that our business model, at all stages of the process, is transparent, ethical, and meets the standards set by the SSM and our independent consultant. While this is a significant milestone for us as a company,” Watts concluded, “we believe that all companies operating in the plantation investment sector in Asia should be regulated in this manner, not only for good corporate governance, but also for the protection of investors. As far as we’re concerned, it’s absolutely essential that the two go hand in hand.”

The agarwood plantation industry is growing at an exponential rate in Asia, and Asia Plantation Capital, with its ground-breaking and award-winning ‘soil to oil’ vertically integrated business model, is now the largest company in the region. The company has its own plantations, along with those it manages for private and institutional clients, as well as its own factories now producing a myriad of end products utilising the Oud that is produced from its agarwood trees. Asia Plantation Capital’s proprietary inoculation and distillation systems have set new industry standards, and firmly established the company at the forefront of the sector.

Aquilaria trees undergoing the inoculation process at Asia Plantation Capital’s plantations.
Aquilaria trees undergoing the inoculation process at Asia Plantation Capital’s plantations.
There have been breakthroughs recently in the anti-ageing consumer sector, and this is expected to greatly increase the demand for Oud in the pharmaceutical and skincare industries. Asia Plantation Capital is also at the cutting edge of a burgeoning body of scientific research into the effectiveness of Oud in the treatment of various forms of cancer. Credit goes to its Scientific Advisory Board, which is comprised of leading academics and industry experts.

The current global market for pure Oud, Oud oils and wood chips is estimated to be US$12 billion per year, and this value is augmented by the US$40 billion per annum fragrance industry. The demand for sustainable supplies of pure Oud is surging, and, as it takes between seven and 15 years for plantations to yield commercial supplies, it comes as no surprise to see a dramatic increase in the number of companies offering investment and plantation management services.

Experience and expertise, however, count for a great deal in the plantation sector, and Asia Plantation Capital has already proven itself to be an industry leader due to its ability to innovate and its recognition of the need for proprietary technologies. After extensive research, Asia Plantation Capital has established that only pure, natural Oud contains the compounds that have now been scientifically proven to be effective in the treatment of cancer and anti-ageing. This in turn has led to an increase in demand for the ‘real thing’, and an attendant increase in the need and demand for sustainable plantations.

The international cosmetics and skincare industry alone is worth an estimated US$460 billion per annum (according to 2014 figures), with the global skincare industry alone estimated by statista.com to be in the region of US$121 for 2016. This has encouraged Asia Plantation Capital to form collaborations with highly-regarded Swiss skincare laboratories to create a new range of Oud-based active ingredients for the ever-expanding industry.

Asia Plantation Capital and its group of associated companies are not to the only ones to have perceived the potential in a growing market, and this has driven the imperative to ensure that tight regulations are in place and adhered to, conforming to the relevant values of transparency and sustainability. It couldn’t be more timely, therefore, for Asia Plantation Capital’s agarwood investment programmes to receive the seal of approval from the Companies Commission of Malaysia, the country’s principal corporate regulator.

“We are very pleased that Asia Plantation Capital has met the very stringent regulatory standards imposed by the Companies Commission of Malaysia,” said CT Choo, Asia Plantation Capital’s legal counsel in Malaysia. “The regulator has been very positive in responding to Asia Plantation Capital’s application, which is regarded as a fine example of the type of cutting-edge agroforestry sector development programme that Malaysia wants to encourage. We believe that all companies operating in this sector should be regulated, not only to protect investors, but also to ensure that only sustainable supplies of Oud enter the supply chain. The harvesting of wild agarwood trees was banned by CITES* in 2000, and the Aquilaria tree, from which agarwood is derived, is still an endangered species in the wild, with many companies and individuals still exploiting this illegal and unethical side of the industry. Asia Plantation Capital has set the right tone not only in seeking regulatory approval, but in proving that it has the systems and corporate infrastructure in place with which to meet all the requirements for obtaining it.”

Notes for Editors

For further information, please contact:-

Zaahira Muhammad
Senior PR & Marketing Executive
Email: zaahira@asiaplantationcapital.com
Office: +6012-203-5344

Samantha Tham
PR & Marketing Executive
Email: samantha.tham@asiaplantationcapital.com
Mobile: +65-9144-0933

* The Convention on International Trade in Endangered Species of Wild Fauna and Flora.

About Asia Plantation Capital Berhad

Asia Plantation Capital Berhad is part of the Asia Plantation Capital Group, which is one of the world’s fastest growing plantation management companies, leading the way in sapling cultivation, forestry growth, pioneering inoculation methods, harvesting techniques, distillation methods and product processing, while bringing important economic benefits to local communities.

About Suruhanjaya Syarikat Malaysia

Suruhanjaya Syarikat Malaysia (SSM) is the Companies Commission of Malaysia, formed in April 2002 after a merger between the Registrar of Companies (ROC) and the Registrar of Businesses (ROB). It serves as an agency to incorporate companies and register businesses, and provides both company and business information to the Malaysian public. SSM comprehensively enforces business registration and corporate legislation compliance, and is responsible for monitoring all activities and developments in Malaysia’s corporate and business sectors.

Photo – http://photos.prnasia.com/prnh/20161114/8521607402-a
Photo – http://photos.prnasia.com/prnh/20161114/8521607402-b
Photo – http://photos.prnasia.com/prnh/20161114/8521607402-c

Source: Asia Plantation Capital
Related Links:
https://www.asiaplantationcapital.com/

Written by asiafreshnews

November 15, 2016 at 12:47 pm

Posted in Uncategorized

ICBCCSI Launches the ETF Tracking The S&P China 500 Index on the Deutsche Borse

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-First UCITS ETF in Germany to provide access to all China equity share classes

HONG KONG/PRNewswire/ — ICBC Credit Suisse Asset Management (International) Company Limited (“ICBCCSI”) today announced the launch of the UCITS ETF tracking the S&P China 500 Index listed on the Deutsche Borse.

In July, ICBCCSI and WisdomTree entered into a global product partnership in which the companies can jointly launch, market and distribute ETFs tracking the S&P China 500 Index around the world.

The S&P China 500 Index uses a rule-based process to measure the world’s second largest economy and equity market. The index captures the key characteristics of the total Chinese equity market — including A-shares and H-shares, and other international listings — by using predominantly large and liquid securities. The use of a sector-based stock selection process then allows the index to reflect the sector allocation at the broad China index level. This methodology allows the index to be more reflective of the evolution of the Chinese economy than other equity indices, which may be limited in the share classes that they include.

Laura Lui, Head of Index & Quantitative Investment of ICBC Credit Suisse Asset Management (International) commented:

“The global product partnership between ICBCCSI and WisdomTree will bring significant opportunities to both of our companies. WisdomTree has an established presence in the ETF world and an impressive track record as an ETF issuer. This complements ICBCCSI’s in-depth understanding of the Chinese markets, as jointly we bring to investors pioneering solutions for diversified, transparent and efficient tools for accessing China opportunities. We are excited about the listing of this ETF on Deutsche Borse.”

Nizam Hamid, WisdomTree’s ETF Strategist in Europe, said:

“Market access to Chinese equities has long been an issue for investors and the creation of a UCITS ETF that covers all the relevant share classes in a single product brings substantial benefits. It represents a cost effective means of allocating to a broad index whilst removing the operational and administrative burdens often associated with accessing A-shares. The collaboration with ICBCCSI means that European investors have a transparent and liquid single product to invest in China.”

“As the largest global resource for essential index-based concepts, data and research, S&P Dow Jones Indices is committed to developing transparent benchmarks that deliver insights into the performance of Chinese equities, an increasingly important market segment for international investors,” said Alex Matturri, Chief Executive Officer at S&P Dow Jones Indices. “We are pleased to have licensed the S&P China 500 Index to WisdomTree and ICBCCSI.”

State Street Bank S.A. in Luxembourg has been appointed to provide fund administration and custody services for the Luxembourg domiciled ETF.

Disclaimer

The S&P China 500 Index is a product of S&P Dow Jones Indices LLC and/or its affiliates and has been licensed for use by ICBC Credit Suisse Asset Management (International) Co., Ltd. (ICBCCSI), © 2016 S&P Dow Jones Indices LLC, a division of S&P Global. All rights reserved. S&P, SPDR and S&P 500 are registered trademarks of Standard & Poor’s Financial Services LLC, a division of S&P Global (“S&P”). DOW JONES is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”). These trademarks together with others have been licensed to S&P Dow Jones Indices LLC. Redistribution, reproduction and/or photocopying in whole or in part are prohibited without written permission. This document does not constitute an offer of services in jurisdictions where S&P Dow Jones Indices LLC, Dow Jones, S&P or their respective affiliates (collectively “S&P Dow Jones Indices”) do not have the necessary licenses. All information provided by S&P Dow Jones Indices is impersonal and not tailored to the needs of any person, entity or group of persons. S&P Dow Jones Indices receives compensation in connection with licensing its indices to third parties. Past performance of an index is not a guarantee of future results. Neither S&P Dow Jones Indices LLC, Dow Jones, S&P, and their respective affiliates (“S&P Dow Jones Indices”) nor their third party licensors make any representation or warranty, express or implied, as to the ability of any index to accurately represent the asset class or market sector that it purports to represent and neither S&P Dow Jones Indices nor their third party licensors shall have any liability for any errors, omissions, or interruptions of any index or the data included therein.

Notes to Editors

About ICBC Credit Suisse Asset Management

ICBC Credit Suisse Asset Management Company Limited is the joint venture between the Industrial and Commercial Bank of China (ICBC) and Credit Suisse. The firm is one of the largest asset managers in the Mainland China. Since establishment in 2005, the firm has upheld the philosophy of “Value Creation through Prudent Investing”. As of the end of June 2016, the firm has approximately 550 employees and RMB1trillion assets under management, providing first-class investment management and advisory services for over 15.3 million institutional and retail clients.

About WisdomTree Europe Ltd.

WisdomTree Investments, Inc., through its subsidiaries in the U.S., Europe, Japan and Canada (collectively, “WisdomTree”), is an exchange-traded fund (“ETF”) and exchange-traded product (“ETP”) sponsor and asset manager. WisdomTree offers products covering equities, fixed income, currencies, commodities and alternative strategies. Through WisdomTree Europe Ltd, it sponsors WisdomTree UCITS ETFs and BOOST short and leverage ETPs. WisdomTree currently has approximately $38.8bn (as of 30 September 2016) in assets under management globally. For more information, please visit http://www.wisdomtree.com.

WisdomTree® is the marketing name for WisdomTree Investments, Inc. and its subsidiaries worldwide.

ICBCCSI Media Contact

ICBC Credit Suisse Asset Management (International) Co. Ltd.
+852-3975-3675
enquiries@icbccs.com.hk

Source: ICBC Credit Suisse Asset Management (International) Company Limited

Written by asiafreshnews

November 15, 2016 at 12:47 pm

Posted in Uncategorized