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Archive for November 17th, 2016

Rosewood Hong Kong Will Open in 2018, Adding a Graceful New Landmark to the Famous Harborfront

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HONG KONG /PRNewswire/ — Rosewood Hotels & Resorts® will open the ultra-luxury brand’s first Hong Kong property in 2018 in a prime Victoria Harbour waterfront location at the former New World Centre on Salisbury Road in Tsim Sha Tsui. Rosewood Hong Kong will occupy 27 floors of a multi-use tower owned by New World Development Company Limited, whose distinct form and glowing crown is destined to become an instantly recognizable landmark on the famous skyline.

Rosewood Hong Kong
Rosewood Hong Kong
“As one of the world’s great cities, with iconic character and landscape, Hong Kong is a superlative location to open a Rosewood hotel and exquisitely express the brand’s A Sense of Place philosophy,” says Sonia Cheng, chief executive officer of Rosewood Hotel Group. “We aim for this hotel to capture Hong Kong’s grace and dynamism, culture and modernity, while debuting Rosewood’s engaging, intuitive and refined service here in our home city.”

The design of Rosewood Hong Kong is the story of the gracious lifestyle within an elegant estate, and this impression will be cast immediately upon arrival and extend throughout the open public spaces, private guestrooms and event venues. Mr. Tony Chi and his New York-based studio, tonychi, will not merely focus on aesthetics but upon every fine detail to create memorable experiences for guests and visitors. Mr. Chi’s approach to expressing the Rosewood brand’s A Sense of Place® concept was lauded at Rosewood London when it opened in 2013.

Acclaimed New York-based Kohn Pedersen Fox Associates will blend classic design elements with references to the vibrantly contemporary surroundings in the architecture of the 398-room hotel.

Rosewood Hong Kong will offer eight dining options; recreational facilities will include a fitness center, swimming pool and Rosewood’s holistic wellness concept; and the Manor Club executive lounge will provide an array of exclusive privileges for its guests. The Pavilion will introduce to Hong Kong Rosewood’s signature, high-end residential-style meeting and event spaces.

Rosewood Residences — 199 luxury accommodations for longer stays located on the top 19 floors of the tower, some with outdoor terraces and all with bird’s eye views — will offer a dedicated lounge, indoor swimming pool and fitness center along with special services and amenities for residents.

Rosewood Hong Kong will join a regional network of distinctive Rosewood properties in Asia, including Rosewood Beijing, and upcoming in Phnom Penh, Phuket, Guangzhou, Luang Prabang, Sanya, Bali, Jakarta, Hainan, Bangkok and Siem Reap.

About Rosewood Hotels & Resorts

Rosewood Hotels & Resorts® manages 18 one-of-a-kind luxury properties in 11 countries, with 17 new hotels under development. Each Rosewood hotel embraces the brand’s A Sense of Place® philosophy to reflect the individual location’s history, culture and sensibilities. The Rosewood collection includes some of the world’s most legendary hotels and resorts, including The Carlyle, A Rosewood Hotel in New York, Rosewood Mansion on Turtle Creek in Dallas and Hotel de Crillon, A Rosewood Hotel in Paris, as well as new classics such as Rosewood Beijing. Rosewood Hotels & Resorts targets to double its number of hotels in operation by 2020.

For more information:
Connect with us: Facebook Twitter Instagram @rosewoodhotels

About New World Development Company Limited

Founded in 1970, New World Development Company Limited (“The Group”, Hong Kong stock code: 00017) was publicly listed in Hong Kong in 1972 and is a constituent stock of the Hong Kong Hang Seng Index. A premium brand infused with a unique personality defined by The Artisanal Movement, New World Group’s core business areas include property development, infrastructure and services, department stores and hotels. As at 30 June 2016, the total asset value of the Group amounted to HK$392.1 billion. The Group has an effective interest of approximately 61% in NWS Holdings Limited (Hong Kong stock code: 00659), approximately 72% in New World Department Store China Limited (Hong Kong stock code: 00825.) New World China Land Limited is wholly owned by the Group.

Media Contacts:

Mainland China

Hong Kong and Asia

Cristie Zhao

Fenix Wong

Telephone: +86-10-6528-9983 – 207

Telephone: +852-2837-4733



North America


Callie Shumaker

Claudia Lees

Telephone: +1-646-654-3438

Telephone: +44-20-3003-6588



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Source: Rosewood Hotels & Resorts
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November 17, 2016 at 5:56 pm

Posted in Uncategorized

Concave Signs Wales’ Euro 2016 Hero

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-Welsh International Hal Robson-kanu Signs with Concave Football

MANCHESTER, England/PRNewswire/ — West Bromwich Albion and Welsh International winger, Hal Robson-Kanu, will wear the lightweight Concave Volt+ football boots during the 2016/17 campaign.

Hal Robson-Kanu with Concave Volt+ boots
The endorsement signifies a clear statement of intent for Concave and represents the next phase of the brand’s evolution as it looks to increase its presence in top-flight football.

Hal Robson-Kanu became the story of the summer during Wales’ incredible run at Euro 2016 in France. After coming off the bench to score the winner in their opening match against Slovakia, his wonder strike against Belgium in the quarterfinal earned Goal Of the Tournament honors from the BBC, chosen by Thierry Henry and Rio Ferdinand.

As a global football brand, Concave prides itself on evolving the game. Concave’s unique patented Power Strike Technology is proven to increase the sweet spot by up to four times, creating a larger strike zone – an increase of 8% to 10% in power, and increased accuracy.

Consisting of a flexible “concave” layer of thermoplastic polyurethane (TPU), which sits on the upper part of the boot’s tongue, the technology grips the convex shape of the ball, and also provides protection to the metatarsal bones.

Hal Robson-Kanu says: “Concave is an up-and-coming brand that has great ideas and good people working on their products. The brand fits well with my game and story.

“Concave’s technology works well when striking the ball and helps with accuracy and power. The Volt+ is a lightweight and powerful boot. I’m looking forward to growing with a brand that is authentic.”

Andrew Theoklitos, Co-Founder and Director of Concave, says: “Our technology is real, and to have a Premier League player like Robson-Kanu attached to the Concave brand will ultimately give us more exposure on-pitch at the top level. We’re excited to see him do well for Wales and West Brom in Concave’s Volt+!”

Visit the Concave Football official web site at:

Follow Concave on Instagram and Facebook @concavefootball

Notes to Editors:

The Concave Volt+ is a lightweight and minimalistic football boot that benefits from a soft and supple microfibre upper and features a soleplate constructed from Pebax, a lightweight and flexible material commonly used for sprint spikes. Concave’s Power Strike Technology increases power and accuracy, while the Volt+ has a bladed stud configuration designed purely for speed.

Established in 2008, Concave has its global headquarters in Manchester, UK, and is ideally positioned to expand its Premier League player portfolio. Its retail and online distribution spans the globe.

For more information on Concave, please contact +61-3-99887955 or

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Source: Concave
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Written by asiafreshnews

November 17, 2016 at 4:16 pm

Posted in Uncategorized

DHL Global Connectedness Index: Globalization Surpassed Pre-crisis Peak, Advanced Modestly in 2015

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— Flows of information, capital and people boost overall connectedness; international trade remains weak
— Netherlands is the world’s most connected country; Europe tops regional ranking
— New city rankings reveal Singapore as number one “Globalization Hotspot” and “Globalization Giant”

BONN, Germany and MUMBAI, India /PRNewswire/ — DHL, the global logistics leader, today released the fourth edition of its Global Connectedness Index (GCI), a detailed analysis of the state of globalization around the world. The 2016 report shows that global connectedness, measured by cross-border flows of trade, capital, information and people, surpassed its 2007 pre-crisis peak during 2014. In 2015, globalization’s post-crisis expansion slowed, but the data indicate that it did not go into reverse. Currently available evidence — still preliminary in some areas — suggests that the world was about 8% more connected in 2015 than in 2005.

DHL Global Connectedness Index reveals the Netherlands as the world’s most connected country
DHL Global Connectedness Index reveals the Netherlands as the world’s most connected country
The information pillar — measured by international internet traffic, telephone call minutes and trade in printed publications — showed the strongest growth over the reporting period (2013-2015). The gains in capital and people flows have been more modest, while the decline in the proportion of goods traded across borders — which began in 2012 — accelerated in 2015.

“Globalization has served as the world’s engine of progress over the past half century,” commented Deutsche Post DHL Group CEO Frank Appel. “The GCI documents that globalization has finally recovered from the financial crisis, but faces an uncertain future. It is imperative that policymakers and business leaders support an environment in which globalization can continue to flourish and improve the lives of citizens around the world.”

The research on the GCI was led by internationally acclaimed globalization expert Pankaj Ghemawat, who highlighted how emerging economies still lag behind on global connectedness. “Advanced economies are about four times as deeply integrated into international capital flows, five times as much on people flows, and nine times with respect to information flows,” Ghemawat commented. The GCI also notes that if emerging economies become more similar to advanced economies in terms of their connectedness levels, this would provide a powerful boost to overall connectedness.

The 2016 edition also documents a rising proportion of internet traffic crossing national borders, even as international trade and information flows lag their potential. “This underscores the tremendous headroom available for international e-commerce to boost business activity and expand the options available to consumers around the world,” commented Jurgen Gerdes, CEO Post — eCommerce — Parcel, Deutsche Post DHL Group.

The 2016 Country and Regional Index Results

In addition to a comprehensive overview on the state of globalization, the 2016 report also provides detailed insights into the connectedness of individual countries and regions. The index ranks countries on their depth (intensity of international flows) and breadth (geographical distribution of flows), which combine for an overall connectedness score between 0 and 100. The Netherlands retained its top rank as the world’s most connected country and Europe is once again the world’s most connected region. All but two of the top 10 most globalized countries in the world are located in Europe, with Singapore and the United Arab Emirates as the standouts. North America is the second most globally connected region and leads on the capital and information pillars, with the United States as the most connected country in the Americas. Overall the US is ranked 27th out of the 140 countries measured by the GCI. North America had the largest gain in overall global connectedness during the past two years, followed by South & Central America & the Caribbean. Countries in South & Central Asia and Sub-Saharan Africa suffered a drop in their average levels of global connectedness.

Suriname, Jamaica and Fiji were the biggest gainers in terms of rank changes from 2013 to 2015, moving up 23 (112th to 89th), 22 (107th to 85th) and 20 (94th to 74th) places respectively. Suriname’s rise was driven by a substantial broadening of its international interactions, whereas Jamaica and Fiji increased on both the depth and breadth dimensions of their global connectedness. Nigeria, Togo and Nicaragua experienced the largest decreases in terms of overall rank, dropping 28 (67th to 95th), 21 (72nd to 93rd) and 19 (71st to 90th) places respectively.

New City Indices on Globalization Giants and Hotspots

The twin trends of globalization and urbanization have prompted rising interest in global cities. The 2016 edition of the DHL Global Connectedness Index introduces two new city indices. The “Globalization Giants” index compares the size of cities’ international interactions. The “Globalization Hotspots” index parallels the depth dimension of the country-level GCI and ranks the cities with the most intense international flows of trade, capital, people, and information compared to their internal activity. Singapore leads both of the new city-level globalization indices. “Even after controlling for Singapore’s structural advantages, the Lion City still outperforms on the depth of its international flows,” commented Ghemawat. “Credit must be given to policies aimed at growing Singapore’s connections beyond its immediate neighborhood,” he added.

London and New York, perennial leaders on rankings of global cities, place 3rd and 4th on the Globalization Giants index, but only 47th and 76th on the Globalization Hotspots index. Many smaller cities are far more intensively focused on international activity that these two megacities, according to the report. Unexpected high performers in the Hotspots index include Manama (2nd), Tallinn (6th) and Mumbai (13th).

— End —

DHL — The logistics company for the world

DHL is the leading global brand in the logistics industry. Our DHL family of divisions offer an unrivalled portfolio of logistics services ranging from national and international parcel delivery, e-commerce shipping and fulfillment solutions, international express, road, air and ocean transport to industrial supply chain management. With about 340,000 employees in more than 220 countries and territories worldwide, DHL connects people and businesses securely and reliably, enabling global trade flows. With specialized solutions for growth markets and industries including technology, life sciences and healthcare, energy, automotive and retail, a proven commitment to corporate responsibility and an unrivalled presence in developing markets, DHL is decisively positioned as “The logistics company for the world”.

DHL is part of Deutsche Post DHL Group. The Group generated revenues of more than 59 billion euros in 2015.

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Source: DHL

Written by asiafreshnews

November 17, 2016 at 12:03 pm

Posted in Uncategorized

Brightcove Announces Industry’s First End-to-End Social Video Management And Distribution Solution

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-Brightcove is mission control for native video on social networks, web properties, mobile apps and connected devices

SINGAPORE/PRNewswire/ — Brightcove Inc. (NASDAQ: BCOV), a leading provider of cloud services for video, today announced the release of Brightcove Social, the first video solution that enables organisations to manage their video presence across social networks from a single interface. Brightcove empowers marketers, enterprises, and media organisations to maximise the tremendous potential of social video. It does this by enabling teams to edit, publish and track their videos in the native playback environments of Facebook, YouTube, and Twitter — as well as their own websites — from Video Cloud, Brightcove’s complete video platform.

Eighty percent of consumers say social video is the best way to get to know a brand on digital channels, according to a new Brightcove study. While content owners have recognised the tremendous power of video on social networks to increase reach and engagement, they are finding that distributing video on these platforms can be inefficient and time consuming. Brightcove Social streamlines the publishing workflow and aggregates analytics for social video to maximise publishing efficiency and social video return on investment.

“For marketers, enterprises, and media organisations using social platforms today, it’s the wild, wild west,” said David Mendels, CEO, Brightcove. “Each platform has different requirements, best practices, and ecosystems that makes the process for distributing and analysing video over multiple platforms complicated. Brightcove Social is the first solution that simplifies the process by putting all the tools to edit, distribute, and analyse the performance of native social video in one place. The opportunity in this space is immense and Brightcove has made helping our customers take advantage of social video a top priority.”

Marketers: Increase Brand Awareness, Expand Reach, Drive Purchases

Social video offers a huge opportunity for marketers. According to the Brightcove study:

Three out of four consumers acknowledge the connection between watching video on social networks and their purchasing decision-making process
75 percent of consumers said that social video influenced their purchasing decisions
Nearly 50 percent of consumers responded that they have made a purchase after watching a video on social media
Many brand, content, and social marketers are already using video in social media channels to engage audiences across all stages of the customer lifecycle. Brightcove Social saves them time by providing easy to use tools and simple workflows to create, publish, and track social video that plays natively on each platform. It also improves the impact of social video by making it easy to optimise the viewing experience and branding for each social channel and analyse the reach and impact of videos in one place.

Publishers and Broadcasters: Increase Viewership, Promote Programming, Accelerate Revenue

Media companies have flocked to social networks in order to stay in front of their audiences and as an opportunity to increase viewership. Brightcove Social helps media organisations increase their audience engagement via social video, better understand what content resonates with their viewers and accordingly optimise their revenues. In addition to simplifying and automating the publishing of video to social channels, media organisations can use Brightcove Social to apply content rights and track viewing metrics.

“On one hand, media organisations are struggling to make money. On the other, executing on cross-platform social strategy is too complicated because of the distinct workflows and best practices for each platform,” Anil Jain, Executive Vice President and General Manager, Media, Brightcove said. “Brightcove Social allows media organisations to increase revenue through increased viewership and create more stickiness with their audiences regardless of where they consume content. In the past, they have not had the tools to do this effectively.”

Core functionality

Publish video to native players on social channels. Leverage the advantages each platform gives to native video content by easily selecting videos and adding metadata to publish natively to Facebook, YouTube, and Twitter.
Gain deep insight through social video analytics. View and compare video analytics for Facebook, YouTube, and Twitter, as well as other web properties, to understand video performance. Capture feedback such as likes, comments, and shares to better understand viewer preferences.
Streamline and optimise content tailored for each social network. Quickly and easily optimise content for the different needs of each social network by clipping and editing video content.
Improve time to site by automated sync rules. Set up sync rules to automatically publish video content with designated metadata tags, streamlining time to site.
Brightcove Video Cloud is the backbone of the solution with industry leading ingestion, transcoding, metadata management and the world’s highest performance video player and SDKs.

Aggreated social video analytics give rich performance insight for your single videos, across all social networks
Aggreated social video analytics give rich performance insight for your single videos, across all social networks
Customer Testimonials:

“In a world where the content ‘sweet spot’ is constantly shifting, and video is the new king of content, Brightcove Social helps me and my team keep our focus. By simplifying the where and when of video content, it lets me concentrate on the how and why,” said Lawrence Neves, Senior Operations Manager, B&H Photo.

“On a given day I might be sharing videos to any one of six different social accounts. It’s saved me a lot of time to manage this via Brightcove Social instead of having to upload and enter metadata individually on several different sites. We can have a unified message across multiple platforms, or customise our posts for each site. I can accomplish in a few seconds what otherwise might have taken five to ten minutes. Especially with tight news deadlines, any time we can save is a huge asset,” said Peter Huoppi, Director of Multimedia, The Day Publishing Co.

“As a Brightcove customer, we quickly realised the tremendous value Brightcove Social would bring to our day-to-day social media operations. It’s a tremendous time saver. Before Brightcove Social, we were updating to each of our social channels on an ad hoc basis. Our social team is saving a couple of hours a day by automating all of our social video through the platform,” said Jessica Koplos, Director of Electronic Media, San Francisco Opera.

Supporting resources:

Brightcove Video Cloud
Brightcove Video Marketing Suite
Brightcove on social media:

Brightcove Blog
About Brightcove

Brightcove Inc. (NASDAQ:BCOV) is the leading global provider of powerful cloud solutions for delivering and monetising video across connected devices. The company offers a full suite of products and services that reduce the cost and complexity associated with publishing, distributing, measuring and monetising video across devices. Brightcove has thousands of customers in over 70 countries that rely on the company’s cloud solutions to successfully publish high-quality video experiences to audiences everywhere. To learn more, visit

Press Contacts

Radha K Raman

This press release may include forward-looking statements regarding anticipated objectives, growth and/or expected product and service developments or enhancements. Such forward-looking statements may be identified by the use of the following words (among others): “believes,” “expects,” “may,” “will,” “plan,” “should” or “anticipates,” or comparable words and their negatives. These forward-looking statements are not guarantees but are subject to risks and uncertainties that could cause actual results to differ materially from the expectations contained in these statements. For a discussion of such risks and uncertainties, see “Risk Factors” in the Company’s filings with the Securities and Exchange Commission, including its most recent annual report on Form 10-K. Brightcove assumes no obligation to update any forward-looking statements contained in this press release in the event of changing circumstances or otherwise, and such statements are current only as of the date they are made.

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Source: Brightcove
Related stocks: NASDAQ-NMS:BCOV
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Written by asiafreshnews

November 17, 2016 at 11:56 am

Posted in Uncategorized

Three In Four Consumers Link Social Video Viewing to Purchasing Decisions

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-New research from Brightcove finds increasing commercial opportunity for social video online

SINGAPORE/PRNewswire/ –Three quarters (74%) of consumers say there is a connection between watching a video on social media and their purchasing decision-making process, according to new research commissioned by online video solutions provider, Brightcove Inc. (NASDAQ: BCOV).

The global survey – conducted with 5,500 consumers in the UK, France, Germany, US and Australia, and published in Brightcove’s ‘The Science of Social Video: Turning Views into Value’ report – revealed that nearly half (46%) of viewers have actually made a purchase as a result of watching a branded video on social media and another third (32%) have considered doing so. Further compelling insights for brands included:

81% of consumers currently interact with brands on social media – two fifths (43%) have done so through watching branded video
Eight in ten (79%) agree that video is the easiest way to get to know a brand online
When asked for their number one choice of branded content on social networks, video was the most popular answer (31%)
The findings also highlighted the extent to which social video consumption has risen in recent months, resulting in a growing window of opportunity for brands to get in front of their audiences on social media. The results showed that:

Two thirds (67%) of respondents watch more video on social networks, like Facebook, Twitter and Snapchat, than they did a year ago
The average consumer now watches just under an hour (49 minutes) of social video every day
60% of viewers expect the amount of social video they watch to continue rising over the next year
David Mendels, CEO of Brightcove, explained: “In recent years a clear trend favoring video content on social media has emerged – especially as social giants like Facebook have moved to ensure video is prominent within the consumer news feed. We’re at a point now where the billions of daily views and millions of viewing hours represent a significant opportunity for brands striving to engage with their audiences online. But it’s not without its challenges.

“When it comes to successful online video there’s certainly no such thing as ‘one size fits all’. With so many social networks to be visible on, and each one having its own technology and culture, delivering the relevant, timely and tailored viewing experiences that consumers demand can be a complex task. Brands need to be able to quickly and easily serve, manage, measure and adapt their video content across the ever-evolving landscape of social networks – not to mention their owned and operated properties.”

Social Video Statistics from Brightcove’s “The Science of Social Video Study”
Social Video Statistics from Brightcove’s “The Science of Social Video Study”
The research also shed light on broader social video viewing preferences – important considerations and insight for brands looking to succeed with their content:

Half of social video views take place on YouTube, a third on Facebook (36%) and the remaining 14% is divided between social networks like Snapchat, Twitter and Instagram
The top attributes looked for in branded social video were for content to be relevant to consumer interests (44%) and engaging (40%)
Facebook is the social network on which consumers are most likely to ‘like’ (51%), share (44%) or comment on (32%) a good social video
After watching a video on social media, consumers will ‘like’ it 47% of the time, share it 37% of the time and click through for more information 33% of the time
45% of people are more likely to tell friends and family about a brand after watching a good video by that brand on social media – and 76% of people are more likely to watch a social video if recommended by friends or family
Further findings from the research are detailed in the full report, which can be downloaded here:

Brightcove’s social video product offering, Brightcove Social – designed to help organisations manage their native video presence across social networks and owned sites via one easy-to-use, central management and analytics platform – is also available to businesses today.


Generation Z denotes respondents aged between 18 and 24.

Research Methodology

Vanson Bourne, the research firm that conducted the survey, interviewed 5,500 consumers, aged 18+, in the following countries: the UK, France, Germany, US and Australia (1,000 respondents in the UK, France and Germany, 2,000 in the US and 500 in Australia). Fieldwork was conducted in September-October 2016.

About Brightcove

Brightcove Inc. (NASDAQ: BCOV) is the leading global provider of powerful cloud solutions for delivering and monetising video across connected devices. The company offers a full suite of products and services that reduce the cost and complexity associated with publishing, distributing, measuring and monetising video across devices. Brightcove has thousands of customers in over 70 countries that rely on the company’s cloud solutions to successfully publish high-quality video experiences to audiences everywhere. To learn more, visit

Press Contacts

Radha K Raman

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Source: Brightcove
Related stocks: NASDAQ-NMS:BCOV
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Written by asiafreshnews

November 17, 2016 at 11:49 am

Posted in Uncategorized

SugarCRM Names Mark Troselj as Vice President, Asia Pacific & Japan

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-Former NetSuite executive will be responsible for driving sales growth, market expansion, and channel partnerships in the region
SYDNEY /PRNewswire/ — SugarCRM Inc., the company that enables businesses to create extraordinary customer relationships with the most empowering, adaptable and affordable CRM solution on the market, today announced that Mark Troselj has joined the company as vice president for Asia Pacific and Japan. Mark will be responsible for forming close relationships with SugarCRM customers, growing revenue and expanding awareness of the company’s award-winning CRM across the region, with the company’s regional sales team reporting to him.

Mark will report to Juan Herrera, worldwide executive vice president of sales at SugarCRM.

“Mark brings invaluable expertise to SugarCRM, having a deep understanding of cloud software and the regional nuances of changing customer behaviours and expectations. His experience in leading successful teams and growing the regional offices and revenue for software companies will be a tremendous boost for our organisation in the APJ region,” said Juan Herrera, Worldwide Executive Vice President of Sales, SugarCRM.

Mark brings more than 20 years’ experience in enterprise software to SugarCRM. He was previously the managing director and vice president of sales, APJ at NetSuite, joining the cloud computing business management software vendor in 2010, where he led a team that delivered recurring year over year growth. During this time, the company was named as the Frost & Sullivan No. 1 Cloud ERP vendor in Asia and was recognised as a top 25 ‘Great Place to Work’ under his leadership. Prior to NetSuite, Mark held executive sales roles at Mastersoft Systems, Dell and SAP.

“SugarCRM is an industry disrupter with an innovative product, which is what attracted me to the organisation. So many competitors provide solutions that are rigid and constrained, which limits a company’s ability to create differentiated customer experiences. SugarCRM is uniquely flexible, providing businesses with the ability to deliver engaging customer experiences, which build into lasting loyal customer relationships,” said Mark Troselj, VP APJ, SugarCRM.

Mark will also oversee SugarCRM’s extensive partner ecosystem across APAC and Japan.

“SugarCRM doesn’t compete with its partners and that is one of the unique differentiators for the organisation. Our partners are the delivery arm of our business and one of my goals is to ensure that our partners are able to capitalise and add value to our shared customers’ businesses,” Mark said.

About SugarCRM

SugarCRM enables businesses to create extraordinary customer relationships with the most empowering, adaptable and affordable customer relationship management (CRM) solution on the market. Unlike traditional CRM solutions that focus primarily on management and reporting, Sugar empowers the individual, coordinating the actions of customer-facing employees and equipping them with the right information at the right time to transform the customer experience. Based in Silicon Valley, SugarCRM is backed by Goldman Sachs, Draper Fisher Jurvetson, NEA and Walden International. More than 2 million individuals in over 120 countries rely on SugarCRM. To learn more visit or follow @SugarCRM.

NOTE: SugarCRM, the SugarCRM logo, and Sugar are trademarks and/or registered trademarks of SugarCRM Inc. Third-party trademarks mentioned are the property of their respective owners.

Media Contacts:

Corrie McLeod
Espresso Communications

Biana Chamlet
Espresso Communications

Corporate headshot images of Mark are available here.

Source: SugarCRM Inc.
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Written by asiafreshnews

November 17, 2016 at 11:40 am

Posted in Uncategorized

Ageas Asia Excellent Third Quarter Performance Brings 9M 2016 Gross Inflows up 11% to EUR 14.3 Billion and Net Profit up 70% to EUR 378 million

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HONG KONG/PRNewswire/ — Ageas 9M 2016 results (note 1) –Asia Financial Highlights

Ageas Group:

Positive trend confirmed: a strong 3rd quarter in both Life and Non-Life confirming the solid first half results

Net Result
Insurance net profit up 31% to EUR 803 million versus EUR 613 million
General Account net result of EUR 686 million negative versus EUR 14 million negative
Group net result EUR 118 million versus EUR 599 million
Group inflows (at 100%) EUR 24.7 billion, up 8% (including 4% negative foreign exchange impact)
Group inflows (Ageas’s part) grew 5% to EUR 10.9 billion (including 4% negative foreign exchange impact)
Life inflows up 11% to EUR 19.9 billion and Non-Life stable at EUR 4.8 billion (both at 100%)
Operating Performance
Combined ratio 97.0% versus 95.1%
Operating Margin Guaranteed 97 bps versus 80 bps
Operating Margin Unit-Linked 21 bps versus 37 bps
Life Technical Liabilities of the consolidated entities EUR 75.3 billion (+2% compared to the end of 2015)
Balance Sheet
Shareholders’ equity at EUR 10.5 billion or EUR 50.55 per share
Insurance solvency II ageas ratio 181% and Group solvency II 199 %
General Account Total Liquid Assets at EUR 2.0 billion versus EUR 1.6 billion end 2015
Ageas Asia:

Excellent overall third quarter

Net profit EUR 378 million vs. EUR 222 million (+70%); Solid results driven by strong performance in China and Thailand and supported by the capital gain on the divestment of the Hong Kong Life activities.
Gross Inflows EUR 14.3 billion vs. EUR 12.8 billion (+11%); Excellent growth in new business and renewal premiums especially in China and Thailand.
China’s inflows increased to EUR 11.0 billion (+17% and +23% at constant exchange rates), with new business up 20% to EUR 5.3 billion, of which EUR 2.8 billion (+44%) was in regular premium business and in line with the commercial strategy. The bank channel and particularly the strong performance of the agency channel both contributed to this growth. The agency force expanded further to almost 245,000
Thailand achieved solid business growth with life inflows up 6% (+11% at constant exchange rates) to EUR 1.9 billion, with strong growth in renewal premiums of 24% (at constant exchange rates) to EUR 1.2 billion following last year’s growth in new business volumes and continued customer loyalty. Non-life gross inflows were up 13% at constant exchange rates to EUR 238 million with substantial growth in both Motor (+17%) and Personal Accident (+17%)
Life inflows in Malaysia amounted EUR 425 million, an increase of 7% at constant exchange rates. The bank channel’s focus on regular premium business resulted in a better product mix with regular premiums up by 45% at constant exchange rates. Renewal business amounted to EUR 215 million, up 18% at constant exchange rates. Non-life inflows amounted to EUR 451 million (+1% at constant exchange rates) with growth across the major business lines
India’s inflows were EUR 141 million (+4% at constant exchange rates), supported by a 19% growth in regular premiums and higher renewal premiums (+13% at constant exchange rates). Gross inflows from the consolidated operations in Hong Kong amounted to EUR 183 million up until 12 may 2016 when the divestment was completed.
Strategic development: Start of sales in the Philippines and closing of the divestment of Hong Kong Life entity on 12 May, 2016. License received in Vietnam on July 1st. Ageas further strengthened its partnership with Maybank through several initiatives in Singapore.
Announcing the 9M 2016 results, Gary Crist, Chief Executive Officer of Ageas Asia commented:

“An excellent 3rd quarter performance has contributed to strong 9M 2016 Ageas results in Asia. The net profits of EUR 378 million, an increase of 70% over the same period last year, were driven by continued strong performance mainly in China and Thailand as well as by the capital gain on the divestment of our Hong Kong life activities. Total inflows reached EUR 14.3 billion, an increase of 11%, in which Malaysia and India also performed well in the third quarter. Overall, both new business and renewals achieved healthy growth across all distribution channels with growth recorded at 13% and 11% respectively. In particular, the agency channel’s new business premiums grew by 40%. The bancassurance channel remained solid at the same level as last year. Across all channels new regular premium business grew by 32% over the same period prior year. We had a strong start in our new joint-venture in the Philippines. In July, we obtained our insurance license to operate a new life insurance joint-venture in Vietnam. The recent start to life operations in Singapore via our partnership with Maybank has also performed well.”

Please visit for full details of the press release.

1. All 9M 2016 figures are compared to the 9M 2015 figures unless otherwise stated.

Source: Ageas Asia

Written by asiafreshnews

November 17, 2016 at 11:38 am

Posted in Uncategorized

Singapore continues to be a leading hub for start-ups

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SINGAPORE /PRNewswire/ — Singapore continued to be a hub for entrepreneurs and start-ups in Q3 2016, with the number of companies with a share capital of S$10,000 or less representing 76% of all business formations during the quarter, according to Hawksford’s Singapore New Business Trends (previously known as the Singapore Business Formations Report) for the third quarter of 2016.

The trend represents a small increase (1%) on Q2 2016, but further reinforces Singapore’s reputation as an attractive place to launch new businesses. Against an uncertain global economic backdrop, entrepreneurs continue to flock to Singapore to capitalize on the business friendly regulatory framework of the region, which allows companies to register with a share capital of as little as S$1.

The report also found that Singapore remains a popular destination for foreign enterprises to set up their regional operations and innovation centers. Despite the weak global economic recovery there were 32 Foreign Company Branch Offices registered in Singapore in Q3. The share of foreign subsidiaries and companies set up by foreigners also remained unchanged at 47% and 44% respectively. In Q3 Dentsu Aegis Network launched its Global Innovation Center, Philips launched an Application Center, CITIC launched an Innovation Center and energy giant, ENGIE, launched a green energy lab.

The number of Exempt and Non Exempt Private Companies registered a year-over-year increase of 3.2% and 0.2% respectively for the third quarter. The surge in these two categories against Q3 2015 reflects the business optimism that remains unfazed amidst the lingering uncertainties of the global economy.

In Q3 2016, the share of foreign held companies in the total company formation was 51%, slightly higher than the wholly locally held companies that accounted for 49%. The trend of a higher share of foreign held companies emerged since the preceding quarter, highlighting the growth in foreign investments in Singapore. Likewise, the share of companies with more than S$100,000 paid up capital has also remained constant since the preceding quarter.

Jacqueline Low, COO of Hawksford Singapore, said, ‘Singapore continues to offer attractive regulatory frameworks that support the growth of new and established businesses. The upturn in foreign held companies and start ups in Q3 provides a strong endorsement for the region’s business credentials.

‘The year on year growth of the Exempt and Non Exempt Private Company categories, though just moderate, bodes well for the business sentiments despite the economic headwinds. The continued uptick in the share of foreign held companies is a strong affirmation of Singapore as a regional business hub and going by the business service sector’s measure, the business barometer is still reading healthy and we remain upbeat for the rest of the year.’

View the full report here.

Chye Fong Yee
Phone Number: 62227445

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Source: Hawksford Singapore

Written by asiafreshnews

November 17, 2016 at 11:25 am

Posted in Uncategorized

FICO Drives Greater Financial Inclusion in the Philippines with National Credit Bureau Scores

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FICO® Score for International Markets will combine, compare and standardize bureau information in the Philippines to improve consumer credit assessment
The FICO Score will initially use data from CIBI, the Philippines’ first and only local credit bureau and the country’s cooperative banks.
Further data is expected to come from the national credit information system run by the government-owned Credit Information Corporation (CIC) via CIBI
FICO also developing a second score in the first half of 2017 using alternative data to address consumers with no formal credit history
For more information:

Analytic software firm FICO, the world leader in credit scoring, has today announced the launch of its highly predictive FICO® Score for International Markets in the Philippines.

The solution improves the appraisal of a borrower’s creditworthiness by intelligently interpreting financial data that may only cover a single credit line or a small consumer segment. The score is produced by applying this data to FICO’s tried-and-tested expert model to produce a richer picture of credit risk through analytic interpolation.

Local banks, telecommunications companies and utilities can then make better credit decisions as a result of this enhanced assessment.

In the Philippines, the initial data will come from CIBI, the country’s first and only local credit bureau and its member cooperative banks.

“Our partnership with CIBI is a cornerstone of our financial inclusion program in the Philippines,” said Andrew Jennings, senior vice president of Scores at FICO. “Available from today, our national score will help those with limited credit information to gain greater access to financial services.”

Marlo Cruz, president and CEO at CIBI said, “The launch of this score is a welcome addition to efforts to help more people join the middle class and reduce poverty. Working with FICO and their local partner CCS, we expect to raise the standard for credit risk assessment in the Philippines for many years to come.”

Consumer CreditScore (CCS), FICO’s local scoring service partner is managing the rollout of the FICO® Score for International Markets in the Philippines.

“The score is available immediately and will enter commercial trials with banks for the next month, with plans to issue scores for loan applications from December,” said Clive Knott director at CCS. “There has been strong interest from Philippine lenders because the FICO Score is used in more than 25 countries across the world and has a strong brand and reputation when it comes to risk assessment.”

Further to today’s announcement, the promotion of a national credit information exchange by the government-owned Credit Information Corporation (CIC) will see further adoption of the FICO Score.

“FICO will be ready from day one to incorporate this collective credit information into the score when it is made available,” explained Jennings. “Our partner CIBI is one of the bureaus recently approved to access the data. When the increased pool of consumer files comes online, it will improve the hit rate of our score. This broadens the number of consumers we can then accurately assess.”

CCS is also working with FICO on the development of a second score in the first half of 2017 using alternative data to address consumers with no credit history.

The announcement of these scores in the Philippines comes just a week after FICO declared it was invested in a comprehensive effort to increase access to affordable credit worldwide. The FICO Financial Inclusion Initiative involves a combination of business partnerships, innovative new products, mobile platforms and cloud-based services to help credit grantors make affordable credit accessible to some 3+ billion people worldwide.

About FICO

FICO (NYSE: FICO) powers decisions that help people and businesses around the world prosper. Founded in 1956 and based in Silicon Valley, the company is a pioneer in the use of predictive analytics and data science to improve operational decisions. FICO holds more than 165 US and foreign patents on technologies that increase profitability, customer satisfaction and growth for businesses in financial services, telecommunications, health care, retail and many other industries. Using FICO solutions, businesses in more than 100 countries do everything from protecting 2.6 billion payment cards from fraud, to helping people get credit, to ensuring that millions of airplanes and rental cars are in the right place at the right time.

Learn more at

Join the conversation on Twitter at @FICOnews_APAC

FICO is a registered trademark of Fair Isaac Corporation in the U.S. and other countries.

Source: FICO
Related stocks: NYSE:FICO
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Written by asiafreshnews

November 17, 2016 at 10:20 am

Posted in Uncategorized