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Archive for January 27th, 2017

Enterprise, National and Alamo Expanding Into the Countries of Armenia and Georgia

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-Franchise Partnership With TravelCar Brings all Three Car Rental Brands to the Caucasus

ST. LOUIS /PRNewswire/ — Enterprise Holdings Inc. — the world’s largest car rental company — today announced its entrance into Armenia with new franchise partner TravelCar, as well as the partnership’s intention to soon operate in the nearby country of Georgia.

In the coming months, the Enterprise Rent-A-Car, National Car Rental and Alamo Rent A Car brands will be available to customers in Armenia’s capital, Yerevan, which also serves the country’s main international airport. TravelCar is an Armenian-based car rental business with a strong reputation for delivering exceptional customer service throughout the region. During the next 12 months, additional locations will be opened in Armenia, as well as ones in the neighboring country of Georgia to serve its capital, Tbilisi, and principal airport.

“Enterprise and TravelCar are well aligned in that they are both committed to the highest standards of customer service,” said Arsen Sukiasyan, General Manager and Co-Founder, TravelCar. “Both organizations are driven by an entrepreneurial spirit, and we look forward to continuing that same tradition of excellence as we grow throughout Armenia and Georgia.”

The franchise partnership with TravelCar is part of Enterprise’s wider strategy to build a robust network of transportation services that deliver value, choice and outstanding customer service to business and leisure travelers around the globe.

“Our growth in Europe and the Middle East is a reflection of the global reputation and strength of our brands,” said Peter A. Smith, Vice President of Global Franchising at Enterprise Holdings. “This partnership in Armenia and Georgia is the latest example of our efforts to ensure our loyal leisure and corporate customers can enjoy the high quality customer service they have come to expect from Enterprise, National and Alamo no matter where they are traveling in the world.”

During the last five years, Enterprise Holdings has rapidly expanded the presence of its three car rental brands in Europe and the Middle East. In the beginning of 2012, Enterprise operated in just three European countries — the UK, Ireland and Germany. Today, it is available in more than 40 countries throughout Europe and the Middle East.

Enterprise Holdings currently operates in more than 85 countries and territories worldwide.

For more information about Enterprise Holdings, visit www.enterpriseholdings.com.

About Enterprise Holdings
Enterprise Holdings — through its integrated global network of independent regional subsidiaries and franchises — operates the Enterprise Rent-A-CarNational Car Rental and Alamo Rent A Car brands at more than 9,600 fully staffed neighborhood and airport locations. The company and its affiliate, Enterprise Fleet Management, together offer a total transportation solution, including extensive car rental and car-sharing services, truck rental, corporate fleet management and retail car sales. Combined, these businesses accounted for more than $20.9 billion in revenue and owned nearly 1.9 million vehicles throughout the world in fiscal year 2016. Enterprise Holdings’ regional subsidiaries and Enterprise Fleet Management currently employ more than 97,000 worldwide.

In total, the annual revenues of Enterprise Holdings and Enterprise Fleet Management rank near the top of the travel industry, ahead of many airlines and most cruise lines, hotels, tour operators and online travel agencies. Enterprise Holdings currently is ranked as one of America’s Largest Private Companies. In addition, among all North American car rental companies, it has the lowest leverage ratio and is the only one with an investment-grade rating. Furthermore, if it were publicly traded, Enterprise Holdings would rank on Fortune’s list of the 500 largest American public companies. In addition, Enterprise Holdings not only accounts for the largest airport market share in the U.S., but its domestic rental fleet also is one of the newest in the industry. The company’s affiliate, Enterprise Fleet Management, provides full-service fleet management to companies, government agencies and organizations operating medium-sized fleets of 20 or more vehicles, as well as those seeking an alternative to employee reimbursement programs. Other transportation services marketed under the Enterprise brand name include Enterprise CarShareEnterprise RideshareEnterprise Car SalesEnterprise Truck RentalExotic Car Collection by EnterpriseZimride by Enterprise and Enterprise Flex-E-Rent.

This press release and car rental industry news are available in the Enterprise Holdings Press Room. The Enterprise Holdings Press Room also includes Fact Sheets for car rental brands and business divisions as well as awards and other reports.

Logo – http://mma.prnewswire.com/media/402849/enterprise_holdings_brands_logo.jpg
Logo – http://mma.prnewswire.com/media/461306/Travel_Car_Logo.jpg

Source: Enterprise Holdings Inc.

Written by asiafreshnews

January 27, 2017 at 12:18 pm

Posted in Uncategorized

NeuroVive Redirects Research Resources From Asian Subsidiary to Parent

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Lund, Sweden /PRNewswire/ —

NeuroVive Pharmaceutical AB (Nasdaq Stockholm: NVP, OTCQX: NEVPF), the mitochondrial medicine company, today announced that its Taiwan-based subsidiary’s research resources and activities will be redirected to the parent company NeuroVive Pharmaceutical AB. At a NeuroVive Pharmaceutical Asia, Inc. shareholders’ meeting today, an agreement was approved in which the continued operations in the Taiwan subsidiary will be sold to the current Taiwanese shareholders.

Under the agreement, NeuroVive Pharmaceutical AB will receive approximately 5 million SEK before transaction costs. In addition, NeuroVive and its collaboration partner Foundation Asia Pacific Ltd. will reacquire the Hong Kong based subsidiary, NeuroVive Pharmaceutical Asia Ltd., which holds the Asian territorial licensing rights for NeuroSTAT and the agreements with the Chinese company Sihuan Pharmaceutical and Sanofi Korea. The Hong Kong company will be owned by NeuroVive Pharmaceutical AB (approx. 82.5%) and Foundation Asia Pacific Ltd. (approx. 17.5%). On closing, other assets previously licensed to the NeuroVive Asia group will be returned to NeuroVive Pharmaceutical AB.

In line with the company’s recently implemented dual business model, with both an increased focus on early projects for large specialist indications for out-licensing at the preclinical stage and proprietary clinical development of orphan disease projects, resources in the Taiwan-based subsidiary will now be redirected and concentrated to R&D activities in the parent company NeuroVive Pharmaceutical AB.

“This decision is completely in line with the new corporate strategy and will enable us to further focus on developing the company’s project portfolio by releasing resources to progress the early R&D projects as efficiently and effectively as possible”, said Erik Kinnman, CEO at NeuroVive. “We want to thank our colleagues in Taiwan for a good collaborative spirit in the work to date and in this process and wish them all the best in their future activities”, he added.

The subsidiary in Taiwan was established in 2014 to manage planned clinical operations locally in the region and to develop research projects under license from the parent company NeuroVive Pharmaceutical AB and others.

About NeuroVive

NeuroVive Pharmaceutical AB is a leader in mitochondrial medicine. The company is committed to the discovery and development of medicines that preserve mitochondrial integrity and function in areas of unmet medical need. The company’s strategy is to take drugs for rare diseases through clinical development and into the market. The strategy for projects within larger indications outside the core focus area is out-licensing in the preclinical phase. NeuroVive enhances the value of its projects in an organization that includes strong international partnerships and a network of mitochondrial research institutions, as well as expertise with capacities within drug development and production.

NeuroVive has a project in early clinical phase II development for the prevention of moderate to severe traumatic brain injury (NeuroSTAT®). NeuroSTAT has orphan drug designation in Europe and in the US. The R&D portfolio consists of several late stage research programs in areas ranging from genetic mitochondrial disorders to cancer and metabolic diseases such as NASH.

NeuroVive is listed on Nasdaq Stockholm, Sweden (ticker: NVP). The share is also traded on the OTCQX Best Market in the US (OTC: NEVPF).

For investor relations and media questions, please contact:

Cecilia Hofvander,
NeuroVive,
Tel: +46 (0)46-275-62-21, o
E-mail: ir@neurovive.com

Charles Athle Nelson,
NeuroVive US representative,
Tel +1-212-961-6277
E-mail: ir.usa@neurovive.com

NeuroVive Pharmaceutical AB (publ)
Medicon Village, SE-223 81 Lund, Sweden
Tel: +46 (0)46 275 62 20 (switchboard)
www.neurovive.com

This information is information that NeuroVive Pharmaceutical AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 08:30 a.m. CET on January 25, 2017.

This information was brought to you by Cision http://news.cision.com
http://news.cision.com/neurovive-pharmaceutical/r/neurovive-redirects-research-resources-from-asian-subsidiary-to-parent,c2172940

The following files are available for download:

http://mb.cision.com/Main/6574/2172940/618762.pdf

NeuroVive redirects research resources from Asian subsidiary to parent

 

Source: NeuroVive Pharmaceutical
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Written by asiafreshnews

January 27, 2017 at 11:02 am

Posted in Uncategorized

Myanmar Eyes More Investment in Responsible Tourism, Promotes Best-kept Beach Destinations

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SINGAPORE and YANGON, Myanmar /PRNewswire/ — Riding on a surge of investment in its tourism sector, Myanmar is heightening calls for more responsible and sustainable investment and at the same time promoting its best-kept beach destinations.

“The timing couldn’t be more perfect to invest in Myanmar as it opens up to the world. We have fantastic tourism destinations that need to be served with world-class hotels and resorts, unique travel experiences, and better infrastructure,” said Myanmar Union Minister of Hotels and Tourism U Ohn Maung while attending the ASEAN Tourism Forum 2017 in Singapore, which ran from 16 to 20 January.

On the back of new investment regulations set to take effect this year, the Government of Myanmar is promising to make ways for privileged and preferential treatment of investors in the tourism sector. Just last month, the Myanmar Union Parliament approved a proposal for the country to participate in the establishment of a tourism coordination office in the Greater Mekong.

According to figures from the Myanmar Ministry of Hotels and Tourism, foreign direct investment in Myanmar’s hotel and tourism projects has reached almost USD 3 billion in 2016. Singapore (USD 1.6 billion) is on the top of the list as the biggest investor, followed by Thailand (USD 445 million) and Vietnam (USD 440 million). As of November 2016, FDI in the tourism sector had generated 56 projects, compared with 48 projects in 2015 that totaled USD 2.6 billion.

During the ATF, an annual regional event aimed at promoting ASEAN as one tourist destination and to boost intra-ASEAN travel, Myanmar also made a bid for more tourists to come explore its less-traveled beach destinations, such as Ngapali, as well as Myeik and Dawei in the Mergui Archipelago.

Mergui Archipelago, located in the southernmost part of Myanmar, is also home to the Lampi Marine National Park, which protects a rich biodiversity with more than 50 terrestrial and marine endangered species.

Myanmar also boasts various natural and cultural attractions in less-traveled places in Kayin, Chin, Mon and Kayah states; in addition to well-known destinations such as Bagan, Inle Lake, Mandalay and Yangon.

“We invite travelers, from all around the world and especially our close neighbours here in Southeast Asia, to unravel the magic and mystery of Myanmar, experience our traditions and festivals, and the heartfelt hospitality of our people,” said Minister U Ohn Maung.

According to data from Myanmar Tourism Marketing, despite a drop in overall number of visitors on tourist visa, there has been a surge in the number of visitors from North America and Western Europe in 2016.

Asia remains the largest source market for Myanmar, representing well more than 65 percent of incoming visitors in 2016. Neighbouring Thailand tops the list with 17.25 percent of visitors, while other ASEAN members Singapore (4.21 percent) and Malaysia (3.51 percent) also rank relatively high.

Myanmar offers travelers excellent value for money. It’s a magical place of authentic, memorable and enriching experiences, as well as warm hospitality. It’s captivating, safe and beautiful. It’s the one place I’m proud to call my home,” said Myanmar Tourism Marketing Chairperson Daw May Myat Mon Win.

A part of the Myanmar Tourism Federation, MTM aims to promote Myanmar as a sustainable tourism destination that’s safe and readily accessible any time of the year.

For further information, visit www.tourismmyanmar.org and follow www.facebook.com/myanmartm.

Source: Myanmar Tourism Marketing

Written by asiafreshnews

January 27, 2017 at 10:06 am

Posted in Uncategorized