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Archive for March 9th, 2017

CMC Gao Hua Reports on US Financial Markets

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-Markets have slowed down mainly due to the fact that the health sector falling on plans to reverse Obamacare, reports CMC Gao Hua

HONG KONG /PRNewswire/ — American stock markets were relatively flat on Tuesday as the majority of investors sat on the sidelines following a recent upswing, health stocks appeared to decline due to fears related to the future of Obamacare.

The Dow Jones Industrial Average and the S&P 500 closed at 20,924.76 and 2,368.39, while the Nasdaq closed at 5,833.93.

On the open the S&P’s health stocks led the bears after the Republican’s revealed the possibility to dissolve the Affordable Care Act, nicknamed Obamacare. This decision would reduce the government’s job in healthcare by stopping the requirement for members of the public to have health insurance and supply additional funding for the poorer people.

Andrew Stevens, Director of Corporate Equities at CMC Gao Hua, said: “Donald Trump is causing the pharmaceutical sector to slide, the price of drugs for the US public will start to come down. This prevented the Dow from doing much movement, and the big companies come off. The greenback held strong however.”

Within the US Forex markets, they have shown positive growth as its U.S Dollar has risen consistently against the British pound. The main factor that has determined the significant drop in the British pound has been the overwhelming pressure received in getting article 50 triggered without delay; also some weaker than expected economic data dragged the currency slightly lower.

The dollar was 0.10% higher against the euro to 0.9462 and up 0.17% versus the Japanese yen to 114.09.

In terms of data, the trade deficit rose to $48.5bn in Jan from $44.3bn, in line with the consensus estimate of $48.5bn.

US imports gained in January to $197.6bn from $192.6bn from December last year, while total imports also gained by $5.3bn to $240.6bn.

Many investors are betting that the Federal Reserve will hike interest rates at the meeting next week, and focus will shift to the figures being released of the non-farm payrolls for signs of continued economic growth, with most analysts expecting the American economy to have gained 186,000 jobs last month.

Jin Weimin
Phone Number: +82 2 6022 4246
Email:
jin.weimin@cmcalliance.com

Source: CMC Gao Hua
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March 9, 2017 at 2:51 pm

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Global Study Reveals Asia’s Lesser-known Destinations On The Rise

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-10 places to add to your 2017 bucket list

SINGAPORE /PRNewswire/ — agoda, a world-leading accommodation site, today announced the results of its latest Travel Smart study, revealing the top 10 destinations in Asia gaining in popularity with travelers from around the world.

From the millions of bookings made on the site in 2016, travelers to Asia are showing a growing preference for lesser-known destinations that promise unique experiences.

Fastest riser is Niseko, Hokkaido, Japan’s mythical powder paradise. Niseko features four interconnected resorts with more than 800 skiable hectares along the eastern side of the mountain. With an annual snowfall of over 15m, Niseko offers off-trail skiing, uncommon in Japanese resorts. But it’s not just the snow that attracts visitors. Some go simply to savor the best of Hokkaido’s local cuisine.

With seven of the ten destinations in South East Asia, tropical island life continues to attract nomads looking for holiday spots off the beaten track. This includes islands like Thailand’s Koh Kood (3), Cambodia’s Koh Rong (5) and the Philippines’ Siquijor Island (9). To many Filipinos, Siquijor is an island known for its healers and witchcraft magic. For its visitors though, the Island’s most spellbinding features are found underwater on this marine reserve, on its pristine white beaches, or at the peak of Mount Bandilaan, the highest point at the island’s centre.

Andy Edwards, Global Director Brand and Communications adds, “It’s clear that more travelers are adopting a more adventurous approach to travel, exploring new, undiscovered places rather than the traditional ‘holiday’ to a well-trodden destination. We’re seeing an increase in bookings made in areas that bring travelers closer to local culture and nature, where life is experienced at a different pace, and against a different backdrop.”

The rankings for Asia’s 10 fastest growing destinations are as follows:

  1. Niseko, Japan
  2. Banaue, Philippines
  3. Koh Kood, Thailand
  4. Koh Lipe, Thailand
  5. Koh Rong, Cambodia
  6. Koh Lanta, Thailand
  7. Harbin, China
  8. Tangalle, Sri Lanka
  9. Siquijor Island, Philippines
  10. Khao Lak, Thailand

The study compared property bookings made by agoda travelers visiting Asian destinations from 2015 to 2016.

For images and further information on agoda’s list of top 10 destinations on the rise, click here.

About agoda.com

agoda, part of Nasdaq-listed Priceline Group (Nasdaq:PCLN), is one of the world’s fastest-growing online accommodation booking platforms. Established in 2005 as a start-up, agoda expanded quickly in Asia and was soon acquired in 2007 by the world’s largest seller of rooms online — the Priceline Group. agoda offers hundreds of thousands of accommodation options around the globe with service and support in over 40 languages. Operations are based in Singapore, Bangkok, Kuala Lumpur, Tokyo, Sydney, Hong Kong, and Budapest, and an additional presence can be found in major cities across Africa, the Middle East, Europe, and the Americas.

Source: agoda

Related stocks: NASDAQ-NMS:PCLN

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March 9, 2017 at 12:29 pm

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Diversity Shines at Place Design Group

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BRISBANE, Australia /PRNewswire/ — As we celebrate International Women’s Day, companies like Place Design Group are reaffirming their commitment to a more diverse and equal opportunity workforce, in line with the 2017 theme #BeBoldForChange.

Place Design Group’s Shanghai Manager Sue Wang was selected late 2016 to head up the company’s International Investment Team alongside Brisbane General Manager Beth Toon. Beth has also joined the company’s board of directors as its first female member.

With all three of its China offices run by women, the international planning and design company has long been a strong supporter of workplace diversity.

Sue said Place Design Group’s strength was its experienced and talented team, and its commitment to supporting women in management roles.

“We have a team that varies widely in experience, age, ethnicity, background and gender. We employ a 50/50 split of male and female design professionals across our Pan-Asian business and almost exclusively Chinese nationals in our China offices,” she said.

These milestone appointments to the board and the International Investment Team represent exciting times for Place Design Group. Although, sadly this diversity is not represented in most firms in China and Australia, with only 18% and 26% respectively having women in management positions.

Beth said she was looking forward to paving the way for more women to excel in senior leadership positions, and to contributing to the company’s already thriving diversity agenda.

“Having greater diversity in leadership roles should be an easy decision for organisations. Studies show a varied team delivers improved returns for shareholders, better outcomes for customers and generally, a thriving environment in which to apply our skills, develop expertise and do our best work,” Beth said.

“As part of my legacy, I want to ensure I am the first of many successful female leaders at the top of our business, developing Place Design Group as the advisors of choice when it comes to the built environment.

“Diversity values need to be led from the very top of an organisation, and I’m incredibly proud to be a part of a company that demonstrates those values so strongly.”

Beth and Sue are leading the International Investment team in developing international relationships to promotion investment opportunities within the Australian property market; particularly in the areas of real estate, tourism and leisure, health and aged care, and infrastructure.

Source: Place Design Group

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March 9, 2017 at 12:15 pm

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Consumer Sentiment Strongly Supports Voice Biometrics for APAC Contact Centers

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NICE survey reveals an opportunity for contact centers to improve customer service by using voice biometrics technology

SINGAPORE /PRNewswire/ — NICE today announced the results of its Asia Pacific Voice Biometrics Consumer Survey. The survey revealed that consumers are overwhelmingly in favor of companies using voice recognition to authenticate their identity when interacting with a contact center. This saves times for both customers and contact center agents and eliminates frustration caused by forgotten passwords or wrong answers to traditional security questions.

NICE’s survey of 900 consumers in Australia, Hong Kong, India, Indonesia, Philippines and Singapore discovered the following:

  • 46 percent of respondents rated their current experience of authenticating themselves when engaging with a contact center as somewhere between neutral and terrible. Just nine per cent said it was ‘great.’
  • 55 percent of people said having to answer security questions (which are usually personal) to a stranger via telephone when they’re in a public place is their biggest frustration when trying to authenticate themselves.
  • Consumer readiness to accept voice biometrics for contact center authentication is high: 88 percent were open to voice biometrics. Of the people who had never heard of voice biometrics, 81 per cent were open to it once they understood what voice biometrics means.

Raghav Sahgal, president of NICE APAC, said:

“Once the respondents learned about the benefits of biometrics, their likelihood of performing transactions via the contact center increased by 1.5 times. This demonstrates high levels of readiness and a huge revenue opportunity for businesses that can incorporate voice biometrics into their authentication processes.

“Voice biometrics lets enterprises interact with their customers in a friendly and personalized manner by authenticating the customer on the background of a natural conversation, allowing service agents to immediately start helping the customer. This greatly improves customer satisfaction and reduces fraud. Organizations that implement voice biometrics technology can dramatically improve customer service and reduce handle times, leading to increased sales and customer loyalty.”

For the full results download the survey here.

To learn more about NICE’s real-time voice authentication solution click here.

About NICE

NICE is the worldwide leading provider of both cloud and on-premises enterprise software solutions that empower organizations to make smarter decisions based on advanced analytics of structured and unstructured data. NICE helps organizations of all sizes deliver better customer service, ensure compliance, combat fraud and safeguard citizens. Over 25,000 organizations in more than 150 countries, including over 85 of the Fortune 100 companies, are using NICE solutions. www.nice.com.

Trademark Note: NICE and the NICE logo are trademarks or registered trademarks of NICE. All other marks are trademarks of their respective owners. For a full list of NICE’s marks, please see: www.nice.com/nice-trademarks.

Logo – http://photos.prnasia.com/prnh/20170308/8521701503LOGO

Source: NICE
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March 9, 2017 at 11:55 am

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Veritas Announces Global Strategic Partnership with Google to Deliver Enterprise-Ready Data Management to Google Cloud Platform and G Suite Customers

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-Expanded Collaboration Enables Joint Customers to Get More Value Out of Their Data in the Cloud and Address Compliance Regulations

SINGAPORE /PRNewswire/ — At Google Cloud Next 17Veritas Technologies, the world’s leading information management company, announced an expanded partnership with Google to provide joint customers with 360 Data Management capabilities that reduce data storage costs, increase compliance and eDiscovery readiness and accelerate the customer’s journey to Google Cloud Platform.

In addition to joint sales and support activities, the companies are working together to develop and deploy solutions that help organizations extract new business value from their data. This effort builds on existing innovations that Veritas and Google Cloud are delivering that give joint customers more opportunities to harness the power of their data.

Today, Veritas is announcing a new set of innovative solutions with Google Cloud, including archiving and eDiscovery support for the newly launched G Suite Enterprise offering. This integration helps simplify how organizations can manage data retention and plays a critical role in helping businesses meet compliance regulations as they move to cloud-based email services.

“Our work with Google Cloud really comes down to what all customers want: innovation and choice,” says Mike Palmer, chief product officer, Veritas. “Customers want to see innovation in storage and infrastructure technologies, and they want choice of where to deploy applications and which services to deploy, including email. But they also need enterprise-grade data management capabilities in place. That’s why customers are so excited by what Veritas is doing with Google.”

Helping customers archive, discover and manage data in the cloud

The partnership between Veritas and Google Cloud includes key product integrations that advance data management capabilities for joint customers and are available today:

  • Lower storage costs and enhance data protection in Google Cloud Platform with Veritas NetBackup and Backup Exec: Customers can now deploy NetBackup or Backup Exec in the cloud to help protect Google Compute Engine-based workloads. In addition, NetBackup or Backup Exec customers can seamlessly move backup data to Google Cloud Storage Coldline or Nearline storage tiers, helping reduce data storage costs.
  • Move archive data to the cloud to lower costs, increase scalability and enhance security with Enterprise Vault: Customers can make informed decisions about what data to keep — and what data to delete — using policy, classification and automation. At the same time, customers can take advantage of the performance and ease of use of Google Cloud Storage.
  • Extend retention management and compliance readiness for G Suite Enterprise Gmail with Enterprise Vault.cloud: Customers can leverage Veritas’ SaaS-based archiving solution, which provides a standardized and consistent policy-driven retention process for G Suite Enterprise Gmail. This provides the compliance readiness necessary to help meet regulatory and data retention requirements across a host of industries.
  • Respond faster to regulatory requests with Veritas eDiscovery Platform: G Suite Enterprise customers can use this intuitive software, which directly complements Enterprise Vault.cloud, to quickly search, analyze and produce relevant Gmail data to satisfy discovery requests pertaining to compliance and legal matters.
  • Test drive data management innovations in a multi-cloud, hybrid world: Customers require micro-services and API-first development to thrive in multi-cloud, hybrid environments. Google and Veritas are accelerating efforts in this space by using the Apigee API management platform to expedite application development and build a partner and customer development ecosystem. Customers will also be able to “test drive” products across multiple clouds using Google’s Orbitera cloud commerce platform in the coming quarters.

“Google Cloud is focused on bringing innovations in cloud storage, infrastructure and data and analytics to enterprises, and increasingly, customers are turning to Google to take advantage of these capabilities,” says Nan Boden, Head of Global Technology Partners, Google Cloud. “This extended relationship enables customers to migrate data to Google Cloud Platform while leveraging data management and information governance capabilities from Veritas.”

For more information, visit: www.veritas.com/gcp

Veritas is a Marquee Sponsor at Google Cloud Next ’17. Please visit the Veritas booth on the Marquee Level 2 and the Partner Playground #E17 to learn more about the Veritas and Google partnership and see the technology in action.

About Veritas Technologies

Veritas Technologies enables organizations to harness the power of their information, with information management solutions serving the world’s largest and most complex environments. Veritas works with organizations of all sizes, including 86 percent of global Fortune 500 companies, improving data availability and revealing insights to drive competitive advantage. www.veritas.com

Forward-looking Statements: Any forward-looking indication of plans for products is preliminary and all future release dates are tentative and are subject to change at the sole discretion of Veritas.  Any future release of the product or planned modifications to product capability, functionality, or feature are subject to ongoing evaluation by Veritas,  may or may not be implemented, should not be considered firm commitments by Veritas, should not be relied upon in making purchasing decisions, and may not be incorporated into any contract.

Veritas, the Veritas Logo, NetBackup, Backup Exec and Enterprise Vault are trademarks or registered trademarks of Veritas Technologies LLC or its affiliates in the U.S. and other countries. Other names may be trademarks of their respective owners.

PR Contacts:

APJ Contact

Veritas Technologies
Belinda Lim +65 64275564
belinda.lim@veritas.com

Media Contact

Text100 Singapore
Mizu Chitra/Marc Lee +65 66039000
veritas@text100.com.sg

Logo – http://photos.prnasia.com/prnh/20150408/8521502200

Source: Veritas Technologies LLC
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March 9, 2017 at 11:51 am

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CPhI China to Launch China Pharma Week

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-A Week to Network, Learn and Trade with the Entire Pharmaceutical Industry

SHANGHAI /PRNewswire/ — CPhI & P-MEC China 2017, hosted by UBM EMEA and the China Chamber of Commerce of Medicines & Health Products Importers & Exporters (CCCMHPIE), and co-organized by Shanghai UBM Sinoexpo, will be held on June 20-22, 2017 in the Shanghai New International Expo Center.

China Pharma Week will be held in June in Shanghai
China Pharma Week will be held in June in Shanghai

 

Alongside the show, the very first edition of CPhI China Pharma Week will take place from 19-23 June 2017, covering 6 streams of the pharmaceutical industry, including Leadership, Business, Networking, Recognition, Knowledge and Innovation. CPhI China Pharma Week 2017 represents a celebration of the pharmaceutical industry and will offer a full range of opportunities to understand and trade with one of the biggest Pharma markets, China. Conferences and forums like the 8th China-World CEO Summit, the CPhI & ICSE China Innovation and Development Forum, and the 6th P-MEC Summit, and 2017 CPhI & P-MEC Green Pharma Summit will gather global leaders of the pharmaceutical industry to have conversations about new development trends in technology and the pharmaceutical economy.

CCCMHPIE will select and present their list of the Top 100 Internationalized Companies in 2016 to raise their international recognition and emphasize the influence & importance of Chinese pharmaceutical enterprises leading the internationalization process. InnoPack, EP & Clean Tech, and the NEX Innovative Product Show and Discovery Tour will all take place, showcasing Chinese and overseas quality innovative products and advanced technology, to encourage pharmaceutical technological innovation in China. Moreover, events like a plant visit, the Women in Leadership Forum, and the Huangpu River Cruise Networking Dinner will build a more effective networking event for Chinese and global pharmaceutical enterprises. The 5-day China Pharma Week will show the present and set the scene for the future of the Chinese pharmaceutical industry in multiple ways. For another consecutive year, Shanghai will become the center of China’s pharmaceutical industry for one week, attracting the attention of the global pharmaceutical industry.

A world-renowned show for the pharmaceutical industry, CPhI & P-MEC China has now developed into an industry chain covering APIs, fine chemical and intermediate, excipients and dosage forms, preparations, natural extracts, biopharmaceuticals, contract research, pharmaceutical machinery, packaging materials, laboratory instruments, pharmaceutical environmental protection and cleaning, and pharmaceutical logistics. More than 2,800 exhibitors will greet over 40,000 professional visitors from more than 120 countries and regions at this high value-added sharing platform to create unlimited business opportunities.

For more information, please visit the official website: www.cphi.com/china

Contact:

Shanghai UBM Sinoexpo International Exhibition Co., Ltd
Ms. Tina Zheng
Tel: +86-21-33392261
Email: tina.zheng@ubmsinoexpo.com

Photo – http://photos.prnasia.com/prnh/20170307/8521701430LOGO
Logo – http://photos.prnasia.com/prnh/20170222/8521701055LOGO

Source: Shanghai UBM Sinoexpo International Exhibition Co., Ltd.

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March 9, 2017 at 11:14 am

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Inside 3D Printing Conference & Expo Returns to Seoul, South Korea for Its 4th Annual Event

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NEW YORK /PRNewswire/ — Rising Media, Inc., 3DR Holdings, and the Korea International Exhibition Centre (KINTEX) announced that Inside 3D Printing Conference & Expo will be held from June 28-30, 2017 at KINTEX in South Korea. The theme for this year’s event is The New Era of Digital Manufacturing. Inside 3D Printing is the largest 3D printing event series worldwide, having hosted 38 events globally since its launch in 2013. Over 9,000 attendees are expected at this year’s event in Seoul.

Inside 3D Printing Seoul is a three-day event that encompasses an international conference and an exhibition. The conference runs for 2 full days with 2 tracks and features over 35 expert speakers from the additive manufacturing industry. The topics will focus on manufacturing, metal, business, and aerospace/automotive. This year’s speaker line-up includes Terry Wohlers, President of Wohlers Associates, Inc. and Stefan Ritt, VP-Head of global marketing and communications, SLM Solutions.

This year’s exhibition is expected to have over 70 exhibitors. In 2016, it attracted over 60 exhibitors including global corporations such as Stratasys (MakerBot), 3D Systems, EOS, SLM Solutions, as well as many major Korean additive manufacturing players. The connections made at Inside 3D Printing Seoul 2016 resulted in over 180 contracts signed worth US$100 million within 6 months after the show.

Inside 3D Printing Seoul will also include multiple networking events. On June 28, there will be a VIP Dinner with 300+ industry professionals in attendance, including exhibitors, speakers, entrepreneurs, press, governmental officials and overseas/local buyers. On June 29, a Cocktail Party will be held for exhibitors and buyers to meet and explore business opportunities.

For more information on exhibiting and sponsorship opportunities or conference registration, please contact the Inside 3D Printing Secretariat (inside3dprinting@kintex.com) or visit www.inside3dprinting.com/seoul.

About Rising Media

Rising Media is a global events and media producer excelling in Internet and technology-related events and content. Events include Inside 3D Printing, RoboUniverse, Virtual Reality Summit, Data Driven Business, Building Business Capability, Predictive Analytics World, Text Analytics World, eMetrics Summit, Conversion Conference, AllFacebook Marketing Conference, Search Marketing Expo, Affiliate Management Days, Influencer Marketing Days, Future of Immersive Leisure, Global Online Classifieds Summit, and Web Effectiveness Conference in the USA, United Kingdom, Germany, France, Italy, India, China, Korea, Singapore, Australia, Brazil.

For more information, please visit http://www.risingmedia.com.

Media Contact:

Christoph Rowen
+852-9190-4412
crowen@risingmedia.com

Source: Rising Media

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March 9, 2017 at 11:10 am

Posted in Uncategorized

Accounting entities with multi-disciplinary practices and on accounting networks perform better in regionalisation efforts

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SINGAPORE /PRNewswire/ — Regionalisation efforts are better for multi-disciplinary practices, as shown from the findings of the Accounting Entities (AE) Regionalisation Survey 2016. Among AEs that are less reliant on providing audit services, 33% are found to generate higher overseas revenue, as compared to only 11% for AEs with a higher reliance on providing audit services.

Helen Brand, Chief Executive of ACCA and Evan Law, Chief Executive of SAC signed an MOU to promote thought-leadership and professional development as strategic partners in the Accountancy Sector of Singapore
Helen Brand, Chief Executive of ACCA and Evan Law, Chief Executive of SAC signed an MOU to promote thought-leadership and professional development as strategic partners in the Accountancy Sector of Singapore

1.         The survey also shows that AEs that are on accounting networks generate more overseas revenue. 18% of AEs on accounting networks generate over 15% of their annual revenue from overseas, while among AEs that do not belong to any accounting network, none generate over 15% of overseas revenue. Collaboration is also high in priority among the AEs as the majority (46%) prefers to partner with other AEs from another country in their regionalisation efforts. The other preferred modes are joining an international network (44%) and setting up an overseas entity (34%).

2.         Jointly developed by the Singapore Accountancy Commission (SAC) and the Association of Chartered Certified Accountants (ACCA) and supported by International Enterprise (IE) Singapore, the AE Regionalisation Survey 2016 seeks to provide insights and to better understand the concerns of AEs venturing overseas. The survey report also provides key recommendations aligned with those of the Singapore Government’s Committee on the Future Economy (CFE), in particular strategies that seek to deepen international connections, strengthen enterprise capabilities and enhance partnerships to enable innovation and business growth.

3.         The survey findings come on the back of the establishment of the ASEAN Economic Community (AEC) in 2015, where the integration of the ASEAN economy is poised to bring vast business opportunities for the ASEAN market.  With Singapore as the regional business hub, AEs in Singapore can play an important role as valuable business partners to aspiring companies looking to regionalise.

Setting their sights on regionalisation

4.         About two thirds (63%) of respondents are expecting growth in overseas revenue this year. They look to offer new business services overseas of which the top five are accounting (17%), risk management (15%), due diligence (15%), business valuation (12%) and business consulting (12%).

5.         AEs have also set their sights on venturing into Southeast Asia, of which the top five countries are Malaysia (27%), Indonesia (22%), Vietnam (10%), Thailand (5%) and Myanmar (5%). On the preferred mode of regionalisation, 46% of respondents would like to partner AEs from another country, while 44% preferred to join an international network and 34% would set up an overseas entity.

Concerns and challenges of regionalization

6.         Although many AEs are keen to venture overseas, there are various concerns and challenges when considering regionalisation. 54% of AEs cite the limited understanding of foreign legal regulations or standards as the top concern or challenge while 46% indicate that restrictions on providing accounting services imposed legally or by regulations are the largest barrier to expanding overseas. 37% cite constraints in management or manpower resources.

Key recommendations

7.          The survey findings offer valuable insights from which key recommendations for AEs looking to grow regionally are put forward. These are broadly categorised as 3 Cs:

  • Capability Development – Facilitating AEs to expand into high-value accounting work through innovation and transformation
  • Collaboration – Fostering collaborations and partnerships with other firms having similar regional growth aspirations
  • Connectivity – Developing talent with international experience to accelerate growth

8.         Mr Evan Law, Chief Executive of SAC, said: “The survey findings are a reflection of Singapore’s current state of play in charting our next phase of growth. As the accountancy sector developer, the SAC will be developing strategies with industry partners to better equip AEs with the capabilities and connections to expand overseas. This is very much in alignment with the CFE recommendations to deepen economic partnerships with the region and to support enterprises to scale up. We hope that AEs will be able to leverage on these recommendations as well as opportunities brought about by the AEC to grow their business in this region.”

9.         Mr Lee Yee Fung, Group Director of Lifestyle Business Group, IE Singapore, said: “Singapore’s professional services sector, having gained expertise from servicing the regional and multinational companies based in Singapore, is well-placed to serve the global market. The AE Regionalisation Survey 2016 provided valuable insights on the challenges and opportunities faced by AEs when they internationalise. IE Singapore, through its market presence and networks, will continue to partner SAC and AEs to navigate new markets and opportunities.”

Collaboration with ACCA

10.        The survey marks one of the first collaborations between the SAC and ACCA since the signing of a Memorandum of Understanding in January this year to promote thought-leadership and professional development as strategic partners in the Accountancy Sector of Singapore.

11.        Helen Brand OBE, Chief Executive of ACCA, said: “ACCA is pleased to be a strategic partner with SAC and embarking on the first collaboration for the Accounting Entities Regionalisation Survey 2016. The findings of this study indicate that AEs generally have positive expectations about growth beyond Singapore, and we see more AEs taking the next step to grow their business overseas in the coming few years. We are confident that this study marks the first of future collaborations with SAC in shaping the profession in Singapore and helps AEs better understand the opportunities and challenges associated with regionalisation.”

About the Survey

12.        The AE Regionalisation Survey was administered to AEs deemed to possess the manpower capabilities to expand overseas and these comprised the Big 4, Large, Medium and several Small AEs. A total of 41 AEs responded to the survey which was conducted online over a one-month period. The full report can be viewed at www.sac.gov.sg

About Singapore Accountancy Commission

Established in April 2013 as a statutory body of the Singapore Government, the Singapore Accountancy Commission (SAC) is the lead agency in spearheading the development of the accountancy sector in Singapore.

The SAC’s Vision is for Singapore to be the Leading Global Accountancy Hub. This will be achieved through developing for Singapore a vibrant accountancy sector that enables the economy to grow, businesses to thrive and talent to flourish. In fulfilling this mission, the SAC seeks to uphold the values of being relevant, insightful, collaborative and advocative.

For more information, please visit www.sac.gov.sg

About the Association of Chartered Certified Accountants

ACCA (the Association of Chartered Certified Accountants) is the global body for professional accountants. It aims to offer business-relevant, first-choice qualifications to people of application, ability and ambition around the world who seek a rewarding career in accountancy, finance and management.

Founded in 1904, ACCA has consistently held unique core values: opportunity, diversity, innovation, integrity and accountability. It aims to develop capacity in the profession and encourage the adoption of consistent global standards.

About International Enterprise (IE) Singapore

International Enterprise (IE) Singapore is the government agency promoting international trade and partnering Singapore companies in going global. Our vision is a thriving business hub in Singapore with Globally Competitive Companies and leading international traders.

IE Singapore attracts global commodities traders to establish their global or Asian home base in Singapore. Today, Singapore is a thriving trading hub with a complete ecosystem for the energy, agri-commodities and metals & minerals trading clusters.

Through our Global Company Partnership and Market Readiness Assistance, we also work with Singapore-based companies in their various stages of growth towards being globally competitive.

Our global network of overseas centres in over 35 locations provides the necessary connections in many developed and emerging markets. Visit www.iesingapore.gov.sg for more information.

For more information, please contact:

SAC

Lin Shuzhen
Assistant Head, Corporate Communications, Singapore Accountancy Commission
DID: 6325 0514 Email: lin_shuzhen@sac.gov.sg

ACCA

Shirlynn Oh
PR & Marketing Manager, ACCA Singapore
DID: 6637 8173 Email: Shirlynn.Oh@accaglobal.com

Photo – http://photos.prnasia.com/prnh/20170307/8521701428

Source: ACCA

Written by asiafreshnews

March 9, 2017 at 11:03 am

Posted in Uncategorized