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Siliconware Precision Industries Reports Unaudited Consolidated Financial Results for the Fourth Quarter of 2016

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TAICHUNG, Taiwan /PRNewswire/ — Siliconware Precision Industries Co., Ltd. (“SPIL” or the “Company”) (Taiwan Stock Exchange: 2325, NASDAQ: SPIL) today announced that its consolidated sales revenues for the fourth quarter of 2016 were NT$ 22,178 million, which represented a 1.0% growth in revenues compared to the third quarter of 2016 and a 6.8% growth in revenues compared to the fourth quarter of 2015. SPIL reported a net income of NT$ 2,829 million for the fourth quarter of 2016, compared with a net income of NT$ 2,692 million and a net loss of NT$ 212 million for the third quarter of 2016 and the fourth quarter of 2015, respectively.

Basic earnings per share for this quarter was NT$ 0.91, and diluted earnings per ordinary share was NT$ 0.89. Basic earnings per ADS for this quarter was US$ 0.14, and diluted earnings per ADS was US$ 0.14.

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

Operating results review:

  • For the fourth quarter of 2016, net revenues from IC packaging were NT$ 19,406 million and represented 88% of total net revenues. Net revenues from testing operations were NT$ 2,772 million and represented 12% of total net revenues.
  • Cost of goods sold was NT$ 16,950 million, representing an increase of 0.3% compared to the third quarter of 2016 and an increase of 10.6% compared to the fourth quarter of 2015.
    • Raw materials costs were NT$ 7,405 million for the fourth quarter of 2016 and represented 33.4% of total net revenues, whereas raw materials costs were NT$ 7,394 million and represented 33.7% of total net revenues for the third quarter of 2016.
    • The accrued expenses of bonuses to employees accounted for under cost of goods sold totaled NT$ 266 million.
  • Gross profit was NT$ 5,228 million for the fourth quarter of 2016, representing a gross margin of 23.6%, which increased from a gross margin of 23.0% for the third quarter of 2016 and decreased from 26.2% for the fourth quarter of 2015.
  • Total operating expenses for the fourth quarter of 2016 were NT$ 2,186 million, which included selling expenses of NT$ 283 million, administrative expenses of NT$ 874 million and R&D expenses of NT$ 1,029 million. Total operating expenses represented 9.9% of total net revenues for the fourth quarter of 2016.
    • The accrued expenses of bonuses to employees, directors accounted for under operating expenses totaled NT$ 146 million.
  • Operating income was NT$ 3,042 million for the fourth quarter of 2016, representing an operating margin of 13.7%, which increased from 13.6% for the third quarter of 2016 and decreased from 15.7% for the fourth quarter of 2015.
  • Non-operating items:
    • Our non-operating items were NT$ 350 million, including net foreign exchange gains of NT$ 233 million.
  • Net income before tax was NT$ 3,392 million for the fourth quarter of 2016, which increased from a net income before tax of NT$ 3,160 million for the third quarter of 2016 and increased from a net loss before tax of NT$ 6 million for the fourth quarter of 2015.
  • Income tax expense was NT$ 563 million for the fourth quarter of 2016, compared with income tax expense of NT$ 468 million for the third quarter of 2016 and income tax expense of NT$ 206 million for the fourth quarter of 2015.
  • Net income was NT$ 2,829 million for the fourth quarter of 2016, which increased from a net income of NT$ 2,692 million for the third quarter of 2016 and increased from a net loss of NT$ 212 million for the fourth quarter of 2015.
  • Total number of shares outstanding was 3,116 million shares as of Dec 31, 2016. Basic earnings per share for this quarter was NT$ 0.91, and diluted earnings per ordinary share was NT$ 0.89. Basic earnings per ADS for this quarter was US$ 0.14, and diluted earnings per ADS was US$ 0.14.

Capital expenditure and balance sheet highlight:

  • Our cash balances totaled NT$ 24,476 million as of Dec 31, 2016 from NT$ 19,177 million as of Sep 30, 2016, and NT$ 25,191 million as of Dec 31, 2015.
  • Capital expenditures for the fourth quarter of 2016 totaled NT$ 3,436 million.
  • Total depreciation expenses for the fourth quarter of 2016 totaled NT$ 3,273 million.

IC packaging service:

  • Net revenues from IC packaging operations were NT$ 19,406 million for the fourth quarter of 2016, which represented an increase of NT$ 187 million or 1.0% compared to the third quarter of 2016.
  • Substrate-based packaging, leadframe-based packaging and wafer bumping & Flip Chip accounted for 29%, 17% and 42%, respectively, of total net revenues for the fourth quarter of 2016.
  • As of Dec 31, 2016 we had 7,996 wirebonders installed, of which 2 were added and 19 were disposed in the fourth quarter of 2016.

IC testing service:

  • Net revenues from testing operations were NT$ 2,772 million for the fourth quarter of 2016, which represented an increase of NT$ 36 million or 1.3% compared to the third quarter of 2016.
  • As of Dec 31, 2016 we had 575 testers installed, of which 2 were added and 6 were disposed in the fourth quarter of 2016.

For more information, please visit: http://photos.prnasia.com/prnk/20170124/8521700445

Revenue Analysis

  • Breakdown by end applications:

By application           

4Q16

3Q16

Communication

69%

66%

Computing

12%

12%

Consumer

17%

20%

Memory

2%

2%

  • Breakdown by packaging type:

By application

4Q16

3Q16

Bumping & Flip Chip 

42%

41%

Substrate Based 

29%

29%

Leadframe Based

17%

18%

Testing 

12%

12%

About SPIL

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

Safe Harbor Statement

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

  • the intensely competitive personal computer, communications, consumer ICs and non-commodity memory semiconductor industries and markets;
  • cyclical nature of the semiconductor industry;
  • risks associated with global business activities;
  • non-operating losses due to poor financial performance of some of our investments;
  • our dependence on key personnel;
  • general economic and political conditions;
  • possible disruptions in commercial activities caused by natural and human induced disaster, including terrorist activities and armed conflicts and contagious disease, such as the Severe Acute Respiratory Syndrome;
  • fluctuations in foreign currency exchange rates; and
  • other risks identified in our annual reports on Form 20-F filed with the U.S. Securities and Exchange Commission each year.

The words “anticipate,” “believe,” “estimate,” “expect,” “intend,” “plan” and similar expressions, as they relate to us, are intended to identify a number of these forward-looking statements. We undertake no obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise. In light of these risks, uncertainties and assumptions, the forward-looking events discussed herein might not occur and our actual results could differ materially from those anticipated in these forward-looking statements.

All financial figures discussed herein are prepared pursuant to TIFRS on a consolidated basis. The investment gains or losses of our company for the three months ended Dec 31, 2016 reflect our gains or losses attributable to the fourth quarter of 2016 unaudited financial results of several of our investees which are evaluated under the equity method. Neither the consolidated financial data for our company for the three months ended Dec 31, 2016, nor the consolidated financial data for our company for the twelve months ended Dec 31, 2016 is necessarily indicative of the results that may be expected for any period thereafter.

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

Eva Chen, VP of Finance Dept.
SPILIR@spil.com.tw
+886-4-25341525#1536

Byron Chiang, Spokesperson
Spokesperson@spil.com.tw
+886-3-5795678#3676

SILICONWARE PRECISION INDUSTRIES CO., LTD.

CONSOLIDATED BALANCE SHEET (UNAUDITED)

As of Dec 31, 2016 and 2015

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

Dec 31,2016

Dec 31,2015

Sequential

ASSETS

    USD

    NTD

%

    NTD

%

    Change

%

Current Assets

Cash and cash equivalent

758,954

24,476,270

20

25,191,374

21

(715,104)

-2.8

Available-for-sale financial assets

5,525

178,176

1,067,204

1

(889,028)

-83.3

Accounts receivable

538,867

17,378,474

14

15,837,131

13

1,541,343

9.7

Inventories

201,514

6,498,832

5

4,502,319

4

1,996,513

44.3

Other current assets

59,521

1,919,543

2

2,187,184

1

(267,641)

-12.2

Total current assets

1,564,381

50,451,295

41

48,785,212

40

1,666,083

3.4

Non-current Assets

Available-for-sale financial assets

112,113

3,615,658

3

5,526,412

4

(1,910,754)

-34.6

Long-term investment under equity method

74,449

2,400,981

2

2,522,658

2

(121,677)

-4.8

Property, plant and equipment

2,027,300

65,380,409

52

64,305,608

52

1,074,801

1.7

Intangible assets

5,453

175,862

192,774

(16,912)

-8.8

Other assets

53,831

1,736,036

2

1,912,566

2

(176,530)

-9.2

Total non-current assets

2,273,146

73,308,946

59

74,460,018

60

(1,151,072)

-1.5

Total Assets

3,837,527

123,760,241

100

123,245,230

100

515,011

0.4

LIABILITIES AND STOCKHOLDERS’ EQUITY

Liabilities

Current Liabilities

Short-term loans

85,000

2,741,250

2

2,790,125

2

(48,875)

-1.8

Financial liabilities at fair value through
profit or loss – current

23,997

773,908

1

1,798,920

1

(1,025,012)

-57.0

Accounts payable

254,098

8,194,647

6

6,942,527

6

1,252,120

18.0

Current portion of bonds payable

394,191

12,712,651

10

0

12,712,651

Current portion of long-term debt

108,550

3,500,747

3

5,991,128

5

(2,490,381)

-41.6

Other current liability

408,224

13,165,236

12

13,154,539

11

10,697

0.1

Non-current liabilities

Bonds payable

12,627,311

10

(12,627,311)

-100.0

Long-term loans

460,155

14,840,000

12

7,858,036

7

6,981,964

88.9

Other liabilities

50,992

1,644,482

1

1,482,002

1

162,480

11.0

Total  Liabilities

1,785,207

57,572,921

47

52,644,588

43

4,928,333

9.4

Stockholders’ Equity

Capital stock

966,314

31,163,611

25

31,163,611

25

Capital reserve

392,000

12,641,997

10

15,758,358

13

(3,116,361)

-19.8

Legal reserve

336,248

10,844,001

9

9,967,775

8

876,226

8.8

Retained earnings

317,900

10,252,276

8

9,921,153

8

331,123

3.3

Other equities

39,858

1,285,435

1

3,789,745

3

(2,504,310)

-66.1

Total Equity

2,052,320

66,187,320

53

70,600,642

57

(4,413,322)

-6.3

Total Liabilities & Shareholders’ Equity

3,837,527

123,760,241

100

123,245,230

100

515,011

0.4

Forex ( NT$ per US$ ) 

32.250

32.825

(1)All figures are under T-IFRS.  

SILICONWARE  PRECISION  INDUSTRIES  CO.,  LTD.

CONSOLIDATED COMPREHENSIVE INCOME STATEMENT (UNAUDITED)

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

3 months ended on Dec 31

Sequential Comparison

4Q 2016

4Q 2015

YoY

4Q 2016

3Q 2016

QoQ

    USD

   NTD

%

    NTD

change %

    NTD

    NTD

change %

Revenues

698,130

22,177,508

100.0

20,764,940

6.8

22,177,508

21,955,188

1.0

Cost of Goods Sold

(533,563)

(16,949,723)

-76.4

(15,322,657)

10.6

(16,949,723)

(16,901,767)

0.3

Gross Profit

164,567

5,227,785

23.6

5,442,283

-3.9

5,227,785

5,053,421

3.5

Operating Expenses

Selling Expenses

(8,908)

(282,984)

-1.3

(192,773)

46.8

(282,984)

(251,733)

12.4

Administrative Expenses

(27,506)

(873,787)

-3.9

(1,108,448)

-21.2

(873,787)

(789,819)

10.6

Research and Development Expenses

(32,407)

(1,029,466)

-4.7

(880,214)

17.0

(1,029,466)

(1,026,480)

0.3

(68,821)

(2,186,237)

-9.9

(2,181,435)

0.2

(2,186,237)

(2,068,032)

5.7

Operating Income

95,746

3,041,548

13.7

3,260,848

-6.7

3,041,548

2,985,389

1.9

Non-operating Items

11,038

350,651

1.6

(3,267,292)

350,651

174,470

101.0

Income Before Income Tax 

106,784

3,392,199

15.3

(6,444)

3,392,199

3,159,859

7.4

Income Tax Expenses

(17,733)

(563,300)

-2.5

(205,593)

174.0

(563,300)

(468,329)

20.3

Net Income(Loss)

89,051

2,828,899

12.8

(212,037)

2,828,899

2,691,530

5.1

Other comprehensive income

Items that will not be reclassiflied to profit or loss

     Remeasurements of post employment benefit obligations

(5,597)

(177,806)

(179,842)

     Income tax relating to items that will not be reclassified
to profit or loss

952

30,227

30,572

Items that may be subsequently reclassified to profit or loss

    Exchange difference on translation of foreign financial statements

(1,513)

(48,053)

(238,202)

(442,841)

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

(25,878)

(822,053)

1,998,197

(735,175)

    Share of other comprehensive income of associates and joint ventures

(1,645)

(52,254)

(103,478)

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

4,523

143,671

(23,942)

(4,618)

Total other comprehensive income

(29,158)

(926,268)

1,586,783

(1,286,112)

Total comprehensive income

59,893

1,902,631

1,374,746

1,405,418

Earnings Per Ordinary Share- Basic

NT$    0.91

NT$  ( 0.07)

NT$    0.86

Earnings Per Ordinary Share- Diluted 

NT$    0.89

NT$  ( 0.07)

NT$    0.64

Earnings Per ADS- Basic

US$    0.14

US$  ( 0.01)

US$    0.14

Earnings Per ADS- Diluted 

US$    0.14

US$  ( 0.01)

US$    0.10

Weighted Average Outstanding Shares – Diluted (‘k)

3,389,863

3,116,361

3,389,249

Forex ( NT$ per US$ ) 

31.767

32.626

31.717

(1) All figures are under T-IFRS.  

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

SILICONWARE  PRECISION  INDUSTRIES  CO.,  LTD.

CONSOLIDATED COMPREHENSIVE INCOME STATEMENT (UNAUDITED)

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

12 months ended on Dec 31

2016

2015

YoY

  USD

NTD

%

 NTD

change %

Revenues

2,641,272

85,111,913

100.0

82,839,922

2.7

Cost of Goods Sold

(2,040,352)

(65,762,191)

-77.3

(61,230,622)

7.4

Gross Profit

600,920

19,349,722

22.7

21,609,300

-10.5

Operating Expenses

Selling Expenses

(31,794)

(1,024,689)

-1.2

(944,499)

8.5

Administrative Expenses

(108,294)

(3,495,613)

-4.1

(3,671,161)

-4.8

Research and Development Expenses

(125,446)

(4,043,290)

-4.7

(3,739,109)

8.1

(265,534)

(8,563,592)

-10.0

(8,354,769)

2.5

Operating Income

335,386

10,786,130

12.7

13,254,531

-18.6

Non-operating Items

28,045

898,437

1.0

(2,863,674)

Income Before Income Tax 

363,431

11,684,567

13.7

10,390,857

12.5

Income Tax Expenses

(54,500)

(1,751,407)

-2.0

(1,628,600)

7.5

Net Income

308,931

9,933,160

11.7

8,762,257

13.4

Other comprehensive income

Items that will not be reclassiflied to profit or loss

   Remeasurements of post employment benefit obligations

(5,597)

(177,806)

(179,842)

   Income tax relating to items that will not be
reclassified to profit or loss

952

30,227

30,572

Items that may be subsequently reclassified to profit or loss

    Exchange difference on translation of
foreign financial statements

(28,253)

(908,801)

(227,905)

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

(46,515)

(1,469,105)

(549,845)

    Share of other comprehensive
income of associates and joint ventures

(4,262)

(132,938)

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

4,827

154,113

20,967

Total other comprehensive income

(78,848)

(2,504,310)

(906,053)

Total comprehensive income

230,083

7,428,850

7,856,204

Earnings Per Ordinary Share- Basic

NT$     3.19

NT$   2.81

Earnings Per Ordinary Share- Diluted 

NT$     2.68

NT$   2.78

Earnings Per ADS- Basic

US$    0.50

US$   0.45

Earnings Per ADS- Diluted 

US$    0.42

US$   0.44

Weighted Average Outstanding Shares – Diluted (‘k)

3,410,681

3,150,135

Forex ( NT$ per US$ ) 

32.151

31.361

(1) All figures are under T-IFRS.  

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

SILICONWARE  PRECISION  INDUSTRIES  CO.,  LTD.

CONSOLIDATED  STATEMENTS  OF  CASH  FLOWS (UNAUDITED)

For 12 Months Ended on Dec 31, 2016 and 2015

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

12 months, 2016

12 months, 2015

USD

NTD

NTD

Cash Flows from Operating Activities:

   Income before income tax

363,431

11,684,567

10,390,857

   Depreciation  

400,216

12,905,830

12,903,772

   Amortization

11,919

385,360

610,213

   Change in working capital & others

(126,931)

(4,131,205)

2,879,324

Net cash flows provided from operating activities

648,635

20,844,552

26,784,166

Cash Flows from Investing Activities:

   Acquisition of property, plant, and equipment

(475,252)

(15,295,121)

(13,855,431)

   Proceeds from disposal of available-for-sale financial assets

44,394

1,454,403

   Proceeds from disposal of property, plant, and equipment

5,167

167,021

111,274

   Increase of equity investment

(2,400,000)

   Payment for other changes

(11,248)

(368,014)

(443,282)

Net cash used in investing activities

(436,939)

(14,041,711)

(16,587,439)

Cash Flows from Financing Activities:

   Proceeds from long-term loans

283,660

9,000,000

2,500,000

   Repayment of long-term loans

(130,716)

(4,228,721)

(8,235,833)

   Cash dividends distributed to shareholders 

(373,370)

(11,842,172)

(9,349,083)

   Others

(2,714)

(90,440)

(11,374)

Net cash used in financing activities

(223,140)

(7,161,333)

(15,096,290)

Foreign currency exchange effect 

(11,038)

(356,612)

(63,776)

Net decrease in cash and cash equivalents

(22,482)

(715,104)

(4,963,339)

Cash and cash equivalents at beginning of period

760,081

25,191,374

30,154,713

Cash and cash equivalents at end of period

737,599

24,476,270

25,191,374

Forex ( NT$ per US$ ) 

32.151

31.361

(1) : All figures are under T-IFRS.  

Source: Siliconware Precision Industries Co., Ltd.

Related stocks: NASDAQ-NMS:SPIL Taiwan:2325

Related Links:

Written by asiafreshnews

January 25, 2017 at 10:07 am

Posted in Uncategorized

The Big Data & Analytics Innovation Summit Is Returning to Singapore for its 5th Year

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HONG KONG  /PRNewswire/ — The Big Data & Analytics Innovation Summit, hosted by Innovation Enterprise, is returning to Singapore on March 1 & 2, at the Grand Copthorne Waterfront Hotel. The summit has been successfully hosted in Singapore for 4 consecutive years, attracted nearly 1000 attendees. With the main theme of ‘Leveraging Big Data to Maximize Business Performance’, this year’s edition will gather together over 250 senior executives to discuss data challenges and opportunities surrounding several different industries.

Singapore has become one of the centers of banking for the APAC region and with a continued dependence on the banking and technology sectors, data is becoming a key part of their offering. Banks and businesses who depend on these financial institutions are quickly seeing that those who fail to understand and implement data correctly are losing out as a result.

Sreeram Iyer, CIO at ANZ, who will be speaking at the summit strongly believes this — ‘I see Big Data in the shape of a phenomenon which is taking place in banking, as well as other industries.’

It is a sentiment shared by David Gledhill, Group Chief Information Officer, and Head of Group Technology & Operations at DBS Bank, also speaking at the event, who doesn’t just believe that the digital revolution is useful, but necessary — ‘In the mid-90s, Bill Gates said that ‘banking is necessary, banks are not’ But banks are still around today. In order to stay relevant, we need to innovate, harness the digital revolution and completely re-imagine the role of banks and the customer experience.’

It is not only banks who are concentrating on the spread of data in the city though, with speakers at the Big Data & Analytics Innovation Summit including:

  • M. C. Srivas, Chief Data Architect, Uber
  • Luo Jinpeng, Senior Director, Group Data Management, Alibaba Group
  • Cetin Karakus, Global Head, Analytics Core Strategies & Quantitative Development, BP
  • Ankur Agrawal, Head, Data Innovation Lab, AXA
  • Chi Keong Goh, Team Lead, Data Analytics & Optimization, Rolls-Royce
  • Jake Ramsay, Head of Independent Business Monitoring, GSK
  • Lawrence Wee, Chief Data Scientist, Zuellig Pharma

& many more

‘This summit has been created with the sole intention of prompting conversations around the changing data landscape in SingaporeJessica Zhang, creator of the summit said, ‘We know that Singapore has a diverse and multifaceted set of companies and we have created an event that almost any company will find useful.’

For more information about the summit please contact Ryan Yuan at ryuan@theiegroup.com, for press release please contact Rui Wang at rwang@theiegroup.com.

Summit official website: https://theinnovationenterprise.com/summits/big-data-singapore-2017

About Innovation Enterprise:

Innovation Enterprise Ltd, a division of Argyle Executive Forum, is a business-to-business media brand specializing in delivering the most innovative business solutions to executive-level decision makers. Innovation Enterprise produces a range on online and offline content, including, but not limited to, summits, online learning, webinars, and white papers, as well as offering other additional services such as lead generation and bespoke research.

Innovation Enterprise focuses on seven key channels — Finance, Supply Chain, Analytics, Big Data, Strategy, Digital, Innovation & Sports — to ensure that organizations are furnished with all the cutting-edge insights necessary to driving growth in the evolving business environment.

Media Contact:
Rui Wang
+852-5808-4606
rwang@theiegroup.com

Source: Innovation Enterprise Ltd.

Written by asiafreshnews

January 24, 2017 at 3:21 pm

Posted in Uncategorized

GlobalRoam Unveils Toku to Help Mobile Users Make Smarter Call Connections

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SINGAPORE /PRNewswire/ — Singapore-based technology company GlobalRoam Group Limited announced today that it has cracked the perennial problem of business travellers – how to stay “always on”, by seamlessly selecting traditional or cloud-based connection methods. Costs of outgoing global calls can be slashed by as much as 90%.

GlobalRoam has launched a calling app, ‘Toku’, which uses an advanced algorithm to automatically select the most cost effective option to connect a caller even if he or she is overseas – helping the traveller avoid high roaming charges.

The smart-technology can detect and analyse options — from Voice over Internet Protocol (VoIP), Public Switched Telephone Networks (PSTN), or a hybrid of both — to deliver the best connection which maintains high voice quality without the user having to make a decision on the connection mode.

Toku allows users to link two mobile numbers to their username — new users can automatically detect this global identity based on either numbers previously stored in one’s contact list.

Unlike most known chat applications (that offer voice calls), where both users need to have a data connection for a call to go through, Toku does not have this constraint. When offline, Toku calls will be forwarded to the selected number. If both numbers are selected, the first to pick up will take the lead.

Through GlobalRoam’s patented click-to-call technology, Toku users can also receive calls via a customised personal URL (e.g. my.tokuapp.com/johnsmith). Callers do not require any prior application download.

Mr. Thomas Laboulle, CEO of GlobalRoam Group said: “Ensuring that you are reachable while overseas has become increasingly complex. Today’s mobile users are overwhelmed with calling options and no sure way to know that they are always connecting to the best quality calls. With Toku we simplify the way people make calls to create a seamless travel experience for those on the road.”

“Over the past year, the Toku team has worked hard to rethink today’s communication standards. Our product roadmap is very exciting and we target to have over one million users by the end of the year. Today’s release is just the first step towards the immersive always onconnectivity experience that we envision,” he added.

Toku is available for download on all iOS and Android smartphones.

To download the Toku media kit (photos, videos, and other collaterals), please visit: http://bit.ly/2iP5sX1

About Toku

Stay connected, wherever you are — Toku ensure you’re always connected to the ones who matter. Whether you’re offline or online, Toku allows you to make high-quality calls through both phone and internet networks.

For more on Toku, please visit: http://www.tokuapp.com
To download Toku on iOS devices: http://bit.ly/Toku_iOS
To download Toku on Android devices: http://bit.ly/Toku_Android

About GlobalRoam Group Limited

GlobalRoam offers Integrated Communication Services that connect people across diverse media and platforms, transcending technological barriers. Established in 2001, GlobalRoam bridges the physical and digital world through solutions that bring convenience and cost savings to users.

For more on GlobalRoam, please visit: http://www.globalroam.com

Source: GlobalRoam Group Limited

Written by asiafreshnews

January 24, 2017 at 1:28 pm

Posted in Uncategorized

Standard Chartered Bank and Allianz Announce 15-year General Insurance Partnership in Asia

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SINGAPORE /PRNewswire/ — Standard Chartered Bank and Allianz today announced a 15-year bancassurance agreement for the distribution of Allianz’s general insurance products, including travel, personal accident, fire and motor insurance products, to Standard Chartered’s Retail Banking clients in five key markets across Asia.

The new partnership arrangements in Hong Kong, Singapore, Malaysia, Indonesia and China will be implemented during the course of 2017.

This partnership combines Standard Chartered’s strong Asian banking franchise with Allianz’s deep insurance expertise to provide for the protection needs of the Bank’s Personal, Priority and Business Banking customers in the region. In addition to Standard Chartered’s extensive branch network, Allianz products will also be available for distribution via a proprietary digital bancassurance platform for an integrated, data-driven and highly tailored customer proposition.

“Bancassurance is a key focus for Standard Chartered, as we continue to innovate and expand our offerings that meet the evolving needs of our clients in branches and online,” said Karen Fawcett, CEO, Retail Banking, Standard Chartered Bank. “Through this partnership, we combine the expertise of one of the world’s leading insurance companies with our extensive distribution network, including our leading digital banking channels, to offer our Retail Banking clients convenient access to quality solutions for their protection needs.”

“As the world’s largest general insurer, we are excited at the opportunity to bring our best-in-class insurance solutions and leading digital technology to serve the needs of Standard Chartered’s customers in Asia. This partnership also builds on our shared commitment towards the growth and development of the Asia region, which is in line with Allianz’s ambitions to expand our presence regionally, and to drive greater value for our customers and employees,” said George Sartorel, Regional CEO, Asia Pacific, Allianz.

Asia’s demand for non-life insurance is expected to grow at 10.8%[1] per annum over the next four years to reach a total market size of approximately US$280 billion by 2020, driven by emerging markets growth and Asia’s rising insurance penetration rates.

[1]

Source: Allianz Economic Research

Press contacts:

Allianz : May Kek, +65-9783-2014 or may.kek@alllianz.com.sg
Standard Chartered Bank : Josephine Wong, +65-6596-4690 or josephine.wong@sc.com

Note to Editors

About Allianz

Together with its customers and sales partners, Allianz is one of the strongest financial communities. More than 85 million private and corporate customers insured by Allianz rely on its knowledge, global reach, capital strength and solidity to help them make the most of financial opportunities and to avoid and safeguard themselves against risks. In 2015, around 142,000 employees in over 70 countries achieved total revenues of 125.2 billion euros and an operating profit of 10.7 billion euros. Benefits for our customers reached 107.4 billion euros. This business success with insurance, asset management and assistance services is based increasingly on customer demand for crisis-proof financial solutions for an aging society and the challenges of climate change. Transparency and integrity are key components of sustainable corporate governance at Allianz SE.

About Allianz in Asia

Asia is one of our three major growth regions. It is characterized by a rich diversity of cultures, languages and customs. Allianz has been present in the region since 1910, providing fire and marine insurance in the coastal cities of China. Today, Allianz is active in 14 markets in the region, offering its core businesses of property and casualty insurance, life and health insurance and asset management. With its more than 32,000 staff, Allianz serves the needs of over 18 million customers in the region across multiple distribution channels and platforms.

About Standard Chartered

We are a leading international banking group, with around 84,000 employees and a 150-year history in some of the world’s most dynamic markets. We bank the people and companies driving investment, trade and the creation of wealth across Asia, Africa and the Middle East. Our heritage and values are expressed in our brand promise, Here for good.

Standard Chartered PLC is listed on the London and Hong Kong Stock Exchanges as well as the Bombay and National Stock Exchanges in India.

For more information please visit www.sc.com. Explore our insights and comment on our blog, BeyondBorders. Follow Standard Chartered on Twitter, LinkedIn and Facebook.

Cautionary note regarding forward-looking statements

The statements contained herein may include prospects, statements of future expectations and other forward-looking statements that are based on management’s current views and assumptions and involve known and unknown risks and uncertainties. Actual results, performance or events may differ materially from those expressed or implied in such forward-looking statements.

Such deviations may arise due to, without limitation, (i) changes of the general economic conditions and competitive situation, particularly in the Allianz Group’s core business and core markets, (ii) performance of financial markets (particularly market volatility, liquidity and credit events), (iii) frequency and severity of insured loss events, including from natural catastrophes, and the development of loss expenses, (iv) mortality and morbidity levels and trends, (v) persistency levels, (vi) particularly in the banking business, the extent of credit defaults, (vii) interest rate levels, (viii) currency exchange rates including the euro/US-dollar exchange rate, (ix) changes in laws and regulations, including tax regulations, (x) the impact of acquisitions, including related integration issues, and reorganization measures, and (xi) general competitive factors, in each case on a local, regional, national and/or global basis. Many of these factors may be more likely to occur, or more pronounced, as a result of terrorist activities and their consequences.

No duty to update

The company assumes no obligation to update any information or forward-looking statement contained herein, save for any information required to be disclosed by law.

Source: Allianz
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Written by asiafreshnews

January 24, 2017 at 12:41 pm

Posted in Uncategorized

Merck and Genea Open Centre of Excellence for Fertility

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DARMSTADT, Germany /PRNewswire/ —

Not intended for U.S. based media

  • Merck is broadening its efforts to support ART clinics to achieve excellence for patients
  • Through leading edge education and training, the Centre of Excellence aims to support clinics to achieve consistent and high level of outcome

Merck, a leading science and technology company, today announced the opening of its first Centre of Excellence (CoE) for fertility. The objective of the CoE is to provide fertility professionals with a strong understanding of the concepts, processes and techniques that are undertaken in high quality clinics in order to help address the unmet needs in assisted reproductive treatment (ART). The centre aims to help optimize procedures to improve treatment outcomes for couples that want to conceive. As a joint venture between Merck and Genea, a developer of innovative fertility technologies, the CoE demonstrates the two partners’ commitment to support high standards of education within ART.

“The Centre of Excellence is an international training hub addressing the global unmet needs within fertility clinics by promoting standardization of processes for consistently high treatment outcomes,” said Dorothea Wenzel, Head of the Global Business Franchise Fertility at the biopharma business of Merck. “Its unique concept is a reflection of the best practice standard in ART clinics that Merck and Genea have developed.”

The CoE is a state-of-the-art facility for high quality training of healthcare professionals, such as physicians and embryologists, to improve clinical practices, protocols and clinic outcome. Jan Kirsten, Global Head of Fertility Technologies, further explained: “The participants are given the opportunity to experience first-hand how leading science and technologies work in a real clinical environment. Thus, the concept allows Merck to offer practical hands-on training through a training lab and the adjacent Genea clinic, alongside theoretical education.” The centre is located in Bangkok, Thailand, and with this central location in the Asia-Pacific (APAC) region aims to attract participants from all over the world with focus on APAC and China. The CoE was officially opened with a ceremony held on 16 January 2017.

The centre is another collaboration between Merck and Genea, also supported by the partners of the Global Fertility Alliance (GFA), which was founded in 2015. The GFA is driving standardization in ART clinics for improved treatment outcomes. Therefore, the CoE also represents the innovative technologies from the GFA partners including Illumina, a leader in developing and commercializing systems for analysis of genetic variation and function, ZEISS, an internationally leading technology enterprise operating in the optics as well as optoelectronics industries and the associated partner Chart MVE BioMedical, the world’s leading manufacturer of cryogenic freezer systems, as well as the latest technology in laser systems from Hamilton Thorne, Inc.

All Merck Press Releases are distributed by e-mail at the same time they become available on the Merck Website. Please go to http://www.merckgroup.com/subscribe to register online, change your selection or discontinue this service.

About Merck

Merck is a leading science and technology company in healthcare, life science and performance materials. Around 50,000 employees work to further develop technologies that improve and enhance life – from biopharmaceutical therapies to treat cancer or multiple sclerosis, cutting-edge systems for scientific research and production, to liquid crystals for smartphones and LCD televisions. In 2015, Merck generated sales of € 12.85 billion in 66 countries.

Founded in 1668, Merck is the world’s oldest pharmaceutical and chemical company. The founding family remains the majority owner of the publicly listed corporate group. Merck, Darmstadt, Germany holds the global rights to the Merck name and brand. The only exceptions are the United States and Canada, where the company operates as EMD Serono, MilliporeSigma and EMD Performance Materials.

Your Contact
Raphaela Farrenkopf – +49-6151-722274

Source: Merck

Written by asiafreshnews

January 24, 2017 at 11:22 am

Posted in Uncategorized

TUV Rheinland’s Green Product Mark Secures GENICES Certification

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-Standardization sets a solid foundation to build a global network of Mutual Recognition Agreement (MRA) partners for the Green Product Mark

COLOGNE, Germany /PRNewswire/ — TUV Rheinland has pushed out the frontier of sustainability by winning GENICES (Global Ecolabelling Network Internationally Coordinated Ecolabelling System) certification for its flagship Green Product Mark. The announcement is a major step in TUV Rheinland’s plan to extend the reach and scope of environmental labelling services in virtually every country and on almost every continent.

“More and more companies are placing a growing importance on certification for eco-friendly products. The newly GENICES certified TUV Rheinland Green Product Mark, which many global clients have already chosen to use, conveys that message quickly and accurately to interested consumers looking for products with less impact on the environment,” said Mr Holger Kunz, Executive Vice President, Products, TUV Rheinland.

GENICES is a global system designed to enable the bilateral and multi-lateral recognition of national/regional eco-labels. The completion of the GENICES peer assessment is an important milestone in the development of TUV Rheinland’s five-year old Green Product Mark.

Only products certified according to a comprehensive Green Product catalog of tests can receive the special Green Product mark. TUV Rheinland experts administer this voluntary testing by examining a whole series of aspects pertaining to safety, sustainability, and environmental impact — from a product’s energy efficiency to its carbon footprint to chemical contents to recyclability.

“Receiving GENICES certification marks the standardization of the Green Product Mark operation system and sets a solid ground for us to build up a global network of Mutual Recognition Agreement (MRA) partners for the Green Product Mark in the near future,” he said.

About TUV Rheinland

TUV Rheinland is a global leader in independent inspection services, founded more than 140 years ago. The group maintains a worldwide presence with 19,600 employees; annual turnover is nearly EUR 1.9 billion. The independent experts stand for quality and safety for people, technology and the environment in nearly all aspects of life. TUV Rheinland inspects technical equipment, products and services, oversees projects and helps to shape processes for companies. Its experts train people in a wide range of careers and industries. To this end, TUV Rheinland employs a global network of approved labs, testing and education centres. Since 2006, TUV Rheinland has been a member of the United Nations Global Compact to promote sustainability and combat corruption.

Website: www.tuv.com

Source: TUV Rheinland Singapore Pte Ltd
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Written by asiafreshnews

January 20, 2017 at 11:56 am

Posted in Uncategorized

GlobalRoam Unveils Toku to Help Mobile Users Make Smarter Call Connections

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SINGAPORE /PRNewswire/ — Singapore-based technology company GlobalRoam Group Limited announced today that it has cracked the perennial problem of business travellers – how to stay “always on”, by seamlessly selecting traditional or cloud-based connection methods. Costs of outgoing global calls can be slashed by as much as 90%.

GlobalRoam has launched a calling app, ‘Toku’, which uses an advanced algorithm to automatically select the most cost effective option to connect a caller even if he or she is overseas – helping the traveller avoid high roaming charges.

The smart-technology can detect and analyse options — from Voice over Internet Protocol (VoIP), Public Switched Telephone Networks (PSTN), or a hybrid of both — to deliver the best connection which maintains high voice quality without the user having to make a decision on the connection mode.

Toku allows users to link two mobile numbers to their username — new users can automatically detect this global identity based on either numbers previously stored in one’s contact list.

Unlike most known chat applications (that offer voice calls), where both users need to have a data connection for a call to go through, Toku does not have this constraint. When offline, Toku calls will be forwarded to the selected number. If both numbers are selected, the first to pick up will take the lead.

Through GlobalRoam’s patented click-to-call technology, Toku users can also receive calls via a customised personal URL (e.g. my.tokuapp.com/johnsmith). Callers do not require any prior application download.

Mr. Thomas Laboulle, CEO of GlobalRoam Group said: “Ensuring that you are reachable while overseas has become increasingly complex. Today’s mobile users are overwhelmed with calling options and no sure way to know that they are always connecting to the best quality calls. With Toku we simplify the way people make calls to create a seamless travel experience for those on the road.”

“Over the past year, the Toku team has worked hard to rethink today’s communication standards. Our product roadmap is very exciting and we target to have over one million users by the end of the year. Today’s release is just the first step towards the immersive always onconnectivity experience that we envision,” he added.

Toku is available for download on all iOS and Android smartphones.

To download the Toku media kit (photos, videos, and other collaterals), please visit: http://bit.ly/2iP5sX1

About Toku

Stay connected, wherever you are — Toku ensure you’re always connected to the ones who matter. Whether you’re offline or online, Toku allows you to make high-quality calls through both phone and internet networks.

For more on Toku, please visit: http://www.tokuapp.com
To download Toku on iOS devices: http://bit.ly/Toku_iOS
To download Toku on Android devices: http://bit.ly/Toku_Android

About GlobalRoam Group Limited

GlobalRoam offers Integrated Communication Services that connect people across diverse media and platforms, transcending technological barriers. Established in 2001, GlobalRoam bridges the physical and digital world through solutions that bring convenience and cost savings to users.

For more on GlobalRoam, please visit: http://www.globalroam.com

Source: GlobalRoam Group Limited

Written by asiafreshnews

January 20, 2017 at 11:30 am

Posted in Uncategorized

Digital Journalism World 2017 will Take Place 27-28 February 2017

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SINGAPORE /PRNewswire/ — The 3rd edition of Digital Journalism World, which is Asia’s most important news media summit, will take place 27-28 February 2017, at the One Farrer Hotel & Spa Singapore.

Digital Journalism World 2017 will feature future tech and demonstrations of VR and spatial storytelling in action. Participants will receive the latest developments in wearables, 360 storytelling, AI powered news bots and personalization of immersive news and messaging apps for millennial audience.

Digital Journalism World 2017 will provide the latest updates on the industry’s key themes of:

  • Future tech of VR and wearables trends in news making and 360 storytelling
  • Spatial storytelling tools and drones demonstration
  • VR on smartphones for journalists
  • Social publishing tools and Instagram short form storytelling
  • Personalization of immersive digital news
  • AI (artificial intelligence) powered news bot trends and rise of messaging apps for millennial audience
  • Journalism-as-a-service and outcome based journalism
  • Adaptive journalism tools and engaging mobile first millennials
  • Immersive vertical news design UX and visual news immersive video
  • Data forensics and data tools for today’s newsrooms
  • Newsroom trends, culture and post app world
  • Latest digital journalism survey results
  • Media entrepreneurship

This year the event will feature an impressive panel of presenters from major news media organizations such as CNN Worldwide, Instagram, Newsweek, BBC News, Financial Times, The Atlantic (City Lab), c’t Magazin & heise online, The Jakarta Post Digital, Quartz Bots Studio, Google News Lab and many other rising stars in the industry, coming together to discuss the future trends and developments in digital journalism.

The summit will feature many icons of industry, journalists who have given the news world a different take on news reporting and engagement with readers. With new methodology and technology for news reporting available, the newsroom can be better equipped for exciting coverage of the news by integrating life reporting with video streaming and live blogging.

The summit will feature a top notch panel of speakers:

  • Ashley Codianni, Director of Social Publishing, CNN
  • Hannah Ray, Instagram Community Creative Producer, Instagram
  • Robert Bole, General Manager of City Lab & Director of Global Strategy of City Lab, The Atlantic
  • Margarita Noriega, Executive Editor, Digital, Newsweek
  • Christina Lo, CEO, Stakk Factory
  • Irene Jay-Liu, Media Training Specialist, Google NewsLab
  • Jan-Keno Janssen, Senior Editor, c’t Magazin & heise online
  • Renee Kaplan, Head of Audience Engagement, Financial Times
  • Tammy Gur, Head of User Experience & Design, BBC News
  • Hamish Boland-Rudder, Online Editor, ICIJ, The International Consortium of Investigative Journalists
  • Rakhmadi Afif Kusumo, Co-Founder, Manggadget.com
  • Dandy Koswaraputra, Managing Editor, The Jakarta Post Digital
  • Chris C. Anderson, VP Content, Stakk Factory
  • Carrie Brown, Director, Social Journalism, CUNY Graduate School of Journalism
  • Julia Tan, International Partnerships & Content Manager, Mynewsdesk
  • Kuang Keng Kuek Ser, Founder of DataN
  • Victoria Ho, Asia Editor, Mashable
  • Joshua Wilwohl, Senior Editor, Quantum Communications
  • Ben Kreimer, Journalism Technologist & Adviser, Nebraska-Lincoln Drone Journalism
  • Villie Tsang, Chief Design Officer Stakk Factory Hong Kong
  • Alan Soon, Founder & CEO, The Splice Newsroom
  • Asha Philips, Asia Pacific Head, CrowdTangle
  • Dmitrii Dumik, CEO & Founder, Chatfuel
  • Zach Seward, SVP of Product and Executive Editor, Quartz News Bots Studio

Meet Asia’s news media professionals from editorial team, digital editors, news producing and news design teams, social media and mobile strategies teams. Get more information at http://www.djw2016summit.com.

Digital Journalism World Summit 2017 is organized by Asher Russell Pte Ltd, the organizer of many highly successful digital media series: Video Content and Strategies Summit, Native Advertising Summit, Interactive News Design, and the Digital Journalism World Summit series.

For more info to attend the event, please contact us at email: marketing-55@asher-russell.com

Related Links: http://www.djw2016summit.com

Source: Asher Russell Pte Ltd

Written by asiafreshnews

January 19, 2017 at 10:22 am

Posted in Uncategorized

JNA Awards Unveils 2017 Categories and Judging Criteria

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HONG KONG /PRNewswire/ — JNA (Jewellery News Asia) is excited to announce the 2017 award categories and the judging criteria for the sixth annual JNA Awards. Online registration is now open to allow sufficient time for all interested parties from the jewellery and gemstone industry to review and choose the appropriate categories to enter.

JNA Awards
JNA Awards

 

 

The JNA Awards is one of the most rigorous and prestigious international awards programmes, which aims to promote and uphold excellence in innovation, creativity, leadership, sustainability and best business practices with a focus on initiatives that have a positive impact on Asia’s jewellery and gemstone sector.

This year, the organiser has adjusted a few award categories to better respond to the needs of the industry and, at the same time, encourage wider participation.

The award categories for 2017 are as follows:
1.         Lifetime Achievement Award (Nominated by the organiser)
2.         Brand of the Year — Retail
3.         Industry Innovation of the Year
4.         Manufacturer of the Year — Jewellery
5.         Outstanding Enterprise of the Year — ASEAN
6.         Outstanding Enterprise of the Year — Greater China
7.         Outstanding Enterprise of the Year — India
8.         Retailer of the Year (450 outlets and below)
9.         E-supplier of the Year
10.       Sustainability Initiative of the Year
11.       Young Entrepreneur of the Year (Age 40 and below)

Wolfram Diener, Senior Vice President of UBM Asia, said, “Feedback from the industry is always appreciated as it allows us, as organisers, to improve the experience of entrants without compromising fairness. We are very encouraged to see many past entrants benefitting from early registration when it was first offered last year. We would like to keep up the momentum this year to enable interested parties to have enough time to study the categories prior to the entry process.”

Letitia Chow, Founder of JNA, Director of Business Development — Jewellery Group at UBM Asia, and Chair of the JNA Awards judging panel, explained the changes on the affected categories.

“We have expanded the scope of e-commerce through the E-supplier of the Year category, which is open to all businesses related to jewellery conducted on the electronic platform from mine to market. Moreover, the Industry Innovation of the Year and Sustainability Initiative of the Year categories will be judged separately as we recognise them as equally important, but different drivers to the future growth of the industry.”

A complete description of the award categories, as well as a detailed explanation of the judging criteria and entry rules, may be reviewed after registering online. Entries may be submitted starting from early March to early May.

The JNA Awards 2017 is supported by Headline Partners Rio Tinto Diamonds and Chow Tai Fook (CTF), together with Shanghai Diamond Exchange (SDE), Guangdong Gems & Jade Exchange, and Guangdong Land Holdings Limited (GDLAND) serving as Honoured Partners.

Stay tuned for further announcements on the judging panel.

For more information, visit http://www.JNAawards.com/ or contact:

JNA Awards Marketing
UBM Asia (Hong Kong)
+852-2516-2184
marketing@jnaawards.com

Notes for Editors:

1.      About JNA (www.jewellerynewsasia.com )
JNA is the organiser of the JNA Awards and is the flagship publication of UBM Asia’s Jewellery Group. First published in 1983, the title is the leader in providing up-to-date international jewellery trade news with an Asian insight. It features original, in-depth reports by experienced journalists covering the latest developments in the diamond, pearl, coloured gemstone, jewellery manufacturing, and equipment and supplies sectors.

2.      About the Headline Partners
2.1 Rio Tinto Diamonds (www.riotinto.com/diamondsandminerals )
Rio Tinto Diamonds is one of the world’s leading diamond producers and operates a globally integrated mine-to-market diamond business. For over three decades, the company has been an important participant in the international diamond market with two world-class underground diamond mines in Australia (Argyle) and Canada (Diavik).

Rio Tinto’s diamond sales and marketing activities, headquartered in Antwerp, Belgium, are supported by a network of representative offices in Hong Kong, Mumbai and New York.

Rio Tinto believes in supporting consumer confidence in its diamonds and plays an active role in addressing key industry issues surrounding product integrity and sustainable development. It is a leading supporter of the Kimberley Process, as well as a founding member of the Responsible Jewellery Council and the Diamond Producers Association.

2.2 Chow Tai Fook Jewellery Group Limited (www.chowtaifook.com )
Chow Tai Fook Jewellery Group Limited (Stock Code: 1929) was listed on the Main Board of The Stock Exchange of Hong Kong in December 2011.

The iconic brand “Chow Tai Fook” of the Group has been widely recognised for its trustworthiness and authenticity, and renowned for product design, quality and value. The acquisition of Hearts On Fire, an internationally acclaimed U.S. premium diamond brand, in August 2014 has further underpinned the Group’s stature as a diamond expert in the industry.

The Group boasts an extensive retail network comprising over 2,300 POS of Chow Tai Fook and Hearts On Fire spanning more than 500 cities in Greater China, Singapore, Malaysia, Korea and the United States, as well as a fast growing e-tail network through operating its Chow Tai Fook e-shop and other e-tail accounts on major online shopping platforms.

The Group’s sophisticated vertically integrated business model provides it with an effective and tight control over the entire operation chain from raw material procurement, design, production, to marketing and sales through its extensive distribution channels.

3.      About the Honoured Partners
3.1 Shanghai Diamond Exchange (www.cnsde.com)
Authorised by the State Council, the Shanghai Diamond Exchange (SDE) is the only diamond exchange in China and provides diamond dealers a fair and safe transaction venue under close supervision. It also enjoys a favourable taxation policy and is operated in accordance with international best practices of the diamond industry.

Established in 2000, the SDE is a non-profit, self-regulating membership organisation and a member of the World Federation of Diamond Bourses.

3.2 The Guangdong Gems & Jade Exchange (http://en.gdgje.com/)
Founded in February 2016, the Guangdong Gems & Jade Exchange is one of two provincial jewellery trading platforms authorised by the People’s Government of Guangdong Province.

Aggregating resources from key industrial hubs across Guangdong including Guangzhou, Pingzhou of Foshan, Yangmei of Jieyang and Sihui of Zhaoqing, the Guangdong Gems & Jade Exchange joins hands with world-renowned jewellery brands in setting up an international supply chain integrated service platform that offers a secure and convenient trading experience for domestic and overseas jewellers.

The Guangdong Gems & Jade Exchange is set to benefit China’s jewellery industry in a variety of areas, such as the promotion of a healthier and more balanced international division of labour, foreign trade development, cross-border resource management and consumer market growth. As part of this effort, it will take full advantage of the base and influence of Guangdong’s jewellery industry and the benefits stemming from the Belt and Road Initiative to establish linkages with national and global gemstone and jewellery markets.

3.3 The Guangdong Land Holdings Limited (www.gdland.com.hk)
The Guangdong Land Holdings Limited (GDLAND), with its headquarters in Hong Kong, is listed on The Stock Exchange of Hong Kong Limited, and is a subsidiary of GDH Limited, which is Guangdong Province’s largest conglomerate operating outside Mainland China.

The principal business of GDLAND is property development and investment, including but not limited to the development and operational management of the innovative commercial real estate, urban complex and industrial business complex. As the strategic arm of GDH Limited, GDLAND engages in the business development of commercial real estate, as well as the projects of urban and industrial complex.

GDLAND’s flagship project, namely the “Buxin Project”, is planned to become the biggest and most advanced jewellery mart in the world, including a large-scale jewellery trading and exhibition centre along with other facilities, with a lot size of over 87,000 square metres and the construction scale (floor area) is expected to be more than 700,000 square metres. The Buxin Project, which is located in the Buxin area of Luohu district in Central Shenzhen, close to the Shuibei Gold and Jewellery Base, is expected to develop the area into one of the most influential gold and jewellery trading and exchange platforms in China and around the world.

4.      About UBM Asia (www.ubmasia.com)
Owned by UBM plc listed on the London Stock Exchange, UBM Asia is the largest trade show organiser in Asia and the largest commercial organiser in China, India and Malaysia. Established with its headquarters in Hong Kong and subsidiary companies across Asia and in the US, UBM Asia has a strong global presence in 24 major cities with 32 offices and 1,300 staff.

With a track record spanning over 30 years, UBM Asia operates in 19 market sectors with 230 events, 28 targeted trade publications, 18 round-the-clock online products for over 2,000,000 quality exhibitors, visitors, conference delegates, advertisers and subscribers from all over the world. We provide a one-stop diversified global service for high-value business matching, quality market news and online trading networks.

UBM Asia has extensive office networks in China, Southeast Asia and India, three of the world’s fastest growing B2B events markets. UBM China has 12 offices in the major cities in mainland China, including Beijing, Shanghai, Guangzhou, Hangzhou, Guzhen and Shenzhen, where we organise 90 events. In ASEAN, UBM Asia operates from its offices in Malaysia, Thailand, Indonesia, Singapore, Vietnam and the Philippines with 70 events in this region. UBM India teams in Mumbai, New Delhi, Bengaluru and Chennai organise over 20 events every year across the country.

UBM Asia was awarded ‘Asia’s Most Reliable Trade Show Organizer Award’ in Hong Kong’s Most Valuable Companies Awards (HKMVCA) 2016.

Photo – http://photos.prnasia.com/prnh/20170116/8521700281
Logo – http://photos.prnasia.com/prnh/20170116/8521700281LOGO
Logo – http://photos.prnasia.com/prnh/20150730/8521504987LOGO

Source: JNA
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Written by asiafreshnews

January 17, 2017 at 2:32 pm

Posted in Uncategorized

DHL eCommerce launches new fulfillment center in Australia for simpler, less costly deliveries nationwide

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— New facility in Sydney, Australia offers flexible, fully-integrated cross-border shipping, inventory management and last-mile delivery for e-commerce retailers
— Australia the latest to join DHL’s network of “plug-and-play” Fulfillment Centers, designed to make cross-border expansion quick and easy

SYDNEY /PRNewswire/ — DHL eCommerce, a division of the world’s leading logistics company, Deutsche Post DHL Group, today announced the launch of its Australian Fulfillment Center in Sydney to support booming purchase volumes amongst Australia’s online shoppers.

The nuts and bolts of e-commerce
The nuts and bolts of e-commerce

 

“Nearly 75% of total online spending by Australians goes to domestic retailers,[1] with the value of e-commerce purchases expected to grow by nearly 50% between now and 2020,[2]” said Damien Sheehan, Managing Director Australia, DHL eCommerce. “As demand rises, online retailers need to overcome the traditional problems associated with shipping orders Australia-wide – particularly the significant distances between major cities that they need to traverse – if they want to maintain their competitive edge.”

“The addition of our Australian Fulfillment Center gives our customers a far simpler, streamlined approach to managing inventory and last-mile deliveries, allowing them to focus squarely on satisfying their customers both during the check-out and shipment process.”

The fulfillment center will provide Australian merchants with fast, flexible shipping that consolidates inventory management and last-mile delivery from Sydney to major cities and regional hubs around Australia. The center also operates on the same service level agreements, management platforms, and customer support as all other parts of DHL eCommerce’s global fulfillment network, allowing Australian e-tailers to expand their sales into markets like the US, Mexico, Hong Kong, India and Europe with minimal onboarding time and hassle.

“E-commerce has gone borderless, and order fulfillment needs to do the same,” says Charles Brewer, CEO DHL eCommerce. “Our Australian facility adds another node to our standardized global network of fulfillment centers, eliminating the need for e-commerce merchants to hunt for new logistics partners as they look to expand their global reach.”

The center’s design accommodates front-end integration with a range of popular marketplace and web-shop platforms, as well as multichannel order management and last-mile solutions for immediate and highly-accurate deliveries all across Australia. All of the center’s services operate on a pay-per-use model with no capital spend or fixed costs.

“With cross-border e-commerce growing at an average of 29% per year until 2020,[3] cost-efficiency and scalability are the critical issues for Australia’s online retailers,” said Malcolm Monteiro, CEO Asia Pacific, DHL eCommerce. “Whether it’s extending into new channels, offering more delivery options, or simply increasing inventory and warehouse capacity, Australian brands need fulfilment solutions that keep the operations lean no matter the delivery distances and volumes involved.

“Australian e-tailers will find our latest fulfillment center offers them not only a simplified approach to nationwide inventory and last-mile delivery, but also a gateway to rapid and painless global expansion.”

Learn more: https://www.logistics.dhl/sg-en/ecommerce/fulfillment.html

– End –

Media Contact:

DHL eCommerce
Media Relations
Cheryl Han / Monica Ng
Phone: +65 6879 8012 / +65 6879 8011
Email: cheryl.han@dhl.com / monica.ng@dhl.com

http://www.dhl.com.au/en/press.html

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.

[1] http://business.nab.com.au/online-retail-sales-index-in-depth-report-january-2015-9980/

[2] https://www.accenture.com/t20160830T101949__w__/cn-en/_acnmedia/PDF-29/Accenture-Cross-Border-Ecommerce.pdf

[3] https://www.accenture.com/t20160830T101949__w__/cn-en/_acnmedia/PDF-29/Accenture-Cross-Border-Ecommerce.pdf

Logo – http://photos.prnasia.com/prnh/20150811/8521505246LOGO
Photo – http://photos.prnasia.com/prnh/20170111/8521700193

Source: DHL eCommerce

Written by asiafreshnews

January 17, 2017 at 2:22 pm

Posted in Uncategorized