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Frost & Sullivan Lauds FourKites’ Customer-Focused Growth Strategy in the Supply Chain Tracking Market

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FourKites has built a cross-connected, scalable platform that aggregates siloed data and delivers unprecedented real-time freight visibility and orchestration

SANTA CLARA, California, May 2, 2017 /PRNewswire/ — Based on its recent analysis of the dynamic supply chain tracking solutions market, Frost & Sullivan recognizes FourKites with the 2017 North American Frost & Sullivan Award for Entrepreneurial Company of the Year. FourKites has built a unique solution that addresses the blue ocean of opportunities in shipper supply chain management (SCM). In the three years since its inception, FourKites has garnered a clientele of more than 30 of the leading shippers and third-party logistics providers (3PLs) in North America. It also received $16 million in funding from various venture capitalists, underlining the immense confidence of investors in its business model.

FourKites recognized that conventional freight tracking processes have massive blind spots that cost shippers heavily. In response, it started building software that would modernize information sharing in the $800 billion logistics industry and support high-quality, real-time data exchange among shippers, carriers, and 3PLs. Blue-chip shippers have been deploying FourKites’ solution to gain real-time visibility into and orchestration of their freight. In addition, eight of the top 30 3PLs rely on FourKites, thus unifying a host of systems to better control supply chain visibility.

“Instead of merely being a visibility platform, FourKites’ solutions offer real-time, actionable tracking data, and, more importantly, the orchestration tools to manage exceptions,” said Frost & Sullivan Industry Analyst, Silpa Paul. “The company has invested heavily in its capability to connect previously disparate systems for providing real-time visibility. The company has more than 15 bi-directional, working integrations with leading transportation management software providers, and connections to leading carrier and broker dispatch systems.”

Significantly, the company employs a people-powered, relationship-driven partnership model. The company collaborates with the customer to develop capabilities and solutions that deliver true value. It is not just a vendor application simply bolted onto a broader stack of technology, but an integral part of customers’ business.

FourKites’ value is further evident in its provision of a complimentary Visibility Assessment that applies anonymized customer data to a series of ROI categories, such as:

detention cost savings,
inventory reduction at distribution centers, and
efficiency gain/loss of inbound track and trace.
“FourKites is now a disruptive brand that enhances downstream production management and pushes both customers and partners to creatively apply modern technology,” noted Paul. “Meanwhile, its people-centric business model can remove supply chain and logistics inefficiencies to deliver a rich client experience.”

Each year, Frost & Sullivan presents this award to the company that has demonstrated excellence in devising a strong growth strategy and robustly implementing it. The recipient has shown strength in terms of innovation in products and technologies and leadership in customer value, as well as speed in response to market needs. In short, the award looks at the emerging market players in the industry and recognizes their best practices that are positioned for future growth excellence.

Frost & Sullivan Best Practices awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research to identify best practices in the industry.

About FourKites

FourKites is re-shaping the logistics industry for real-time transparency and efficiency. FourKites provides comprehensive real-time tracking and supply chain visibility solutions across transportation modes and digital platforms. Using FourKites, blue-chip shippers and 3PLs can share the same, real-time shipping location and status information – from more than 50 onboard GPS/ELD systems used by fleets to individual owner-operator smartphones and flip phones. FourKites helps enterprise customers save time and money across the transportation spectrum. Best of all, nothing falls through the cracks. Learn how FourKites real-time visibility and orchestration solution can help your business by requesting a demo at http://www.fourkites.com

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Contact us: Start the discussion.

Contact:

Chiara Carella
P: +44 (0) 207.343.8314
F: 210.348.1003
E: chiara.carella@frost.com

Source: Frost & Sullivan
Related Links:
http://www.frost.com

Written by asiafreshnews

May 8, 2017 at 2:57 pm

Posted in Uncategorized

The Board of Investment of Thailand: EEC Jumpstart Brings Thailand Closer to Become Key ASEAN Investment and Technology Hub

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BANGKOK /PRNewswire/ — The Thai government emphasized on its readiness to jumpstart the new regional’s economic hub, the Eastern Economic Corridor (EEC), as infrastructure development under the EEC Scheme, including the capacity expansion of U-Tapao International Airport, is progressing as planned. The EEC Scheme is in the process of seeking approval from the National Legislative Assembly and will be soon implemented in later 2017.

Mr. Nattaporn Jatusripitak, Advisor to the Office of the PM (Far-left), together with four representatives from private sector: Mr. Hiroki Mitsumata, President of JETRO Bangkok (Left), Mr. Vikrom Kromadit, CEO of Amata Corporation PCL. (Right) and Mr. Narongsak Jivakanun, Executive Vice President, Corporate Strategy of PTTGC PCL. (Far-right) revealed after the meeting with PM on the EEC development plan and the capability of U-Tapao International Airport as the region’s aviation hub.
Mr. Nattaporn Jatusripitak, Advisor to the Office of the PM (Far-left), together with four representatives from private sector: Mr. Hiroki Mitsumata, President of JETRO Bangkok (Left), Mr. Vikrom Kromadit, CEO of Amata Corporation PCL. (Right) and Mr. Narongsak Jivakanun, Executive Vice President, Corporate Strategy of PTTGC PCL. (Far-right) revealed after the meeting with PM on the EEC development plan and the capability of U-Tapao International Airport as the region’s aviation hub.
The first meeting of the EEC Development Policy Committee, chaired by the Prime Minister Gen. Prayuth Chan-o-cha, agreed on the establishment of the “eastern aviation city,” or “Aeropolis,” in the vicinity of U-Tapao International Airport to help promote the EEC. There will be the development of three business groups in the future including Sattahip Commercial Port, a Specialized Medical Center, and defense technology. The meeting also agreed to have the State Railway of Thailand conduct the feasibility study on the development of high-speed train system linking Suvarnabhumi, Don Mueang & U-Tapao airports, to maximize the benefits of the “Aeropolis” to the country. The Policy Committee also endorsed the development plan for the Eastern Economic Corridor of Innovation (EECI) under the Ministry of Science and Technology in Wang Chan Valley and Rayong province and the Eastern Digital Innovation Park under the Ministry of Digital Economy and Society in Sri Racha, Chonburi.

In this occasion, Prime Minister Gen. Prayuth led a group of Thai and international media representatives to visit the new face of U-Tapao International Airport, which showcased the country’s capability to become the aviation hub of the region. Developed under the “One Airport, Two Missions” concept, U-Tapao International Airport was initially built for national security purpose but later expanded its capability to serve commercial aviation services. The group later visited the Maintenance, Repair and Overhaul Center located at the airport.

Aviation is among nine target industries being promoted in the three provinces in EEC area, in which key focuses are those involving high technology and extensive research and development, and crucial to the development of the country’s infrastructure and logistics, and promotion of tourism destinations in the areas. Other target industries are Next-Generation Automotive, Smart Electronics, Eco-friendly Petrochemicals and Bio-Chemicals, Automation and Robotics, Medical Hub, Affluent, Medical & Wellness Tourism, Food for the Future and Digital industries.

Prime Minister Gen. Prayuth said that, “The Thai government is keen to offer a full support to international investors in these target industries who strive to achieve sustainable development goals, bring a better quality of life to the local community and provide continuing opportunities for local SMEs. We have qualified workforce in the market, as well as utilized best efforts in mitigating investment obstacles and offering attractive privileges and incentives. Most importantly, the EEC Scheme, which was developed for constant and sustainable development, has now been approved by the Council of State and in the process of seeking the Cabinet’s approval.”

On the same day, the Prime Minister also met with 21 top business leaders in relevant organizations and industries including Amata Corporation Public Company Limited, The Japan External Trade Organization (JETRO), PTT Global Chemical Company Limited, Senior Aerospace (Thailand) Limited, BMW etc.

Amata affirmed the EEC development supported both local and international investment to align with Thailand 4.0 roadmap, through the recent collaboration with Yokohama Smart City Project provides the blueprint of development of smart city in Amata Nakorn Industrial Estate reduce power consumption and the ambition to build the city of education with a total of 7 educational institutes in the estate.

JETRO expressed that Japanese investors were confident on the clear direction of the EEC project and optimistic about the Thai government’s recent announcement of Investment Promotion Act 2017.

According to Senior Aerospace, to be a part of the new EEC program is a good opportunity to educate local people as well as learn from them, while strengthening the mutual relationship, as well as marks the beginning of business expansion into the future where they foresaw more and more new players in the aviation sector.

PTTGC, as a veteran investor in the areas, expressed readiness to embrace new business partners in value-added industry sectors.

The Board of Investment of Thailand (BOI) set new chapter of investment promotion – Investment 4.0 to align with the Thai government’s Thailand 4.0 policy, which takes into account the shifting to value-based, innovation-driven economy, the development of human capital, and the creation of high value service. BOI’s mission to promote investment in the EEC focuses on core technologies that Thailand has strong potential, including biotech, nanotech, advanced material and digital technology. This is in line with BOI’s.

According to the BOI, those investing in EEC area will enjoy special incentives that are highly competitive and considered ‘most enticing ever’ offered in Thailand. These include 50% deduction on corporate income tax (CIT) for five years in addition to a CIT exemption of 13 years and other incentives granted in line with the Competitive Enhancement Act, which includes a maximum corporate income tax exemption of 15 years, among others. The government will also provide other supports including eliminating barriers, rules and regulations in order to generate real, high-value investments as well as One Stop Service to facilitate investment in the area.

The EEC, consisting of three Eastern provinces Chachoengsao, Chonburi and Rayong, is expected to be a flagship investment and technology hub of Thailand and reshape the future of the country. The development of EEC will bring a great deal of benefits to other regions of Thailand as it directly connects to other Eastern provinces including Prachin Buri, Srakaew, Chantaburi and Trad, as well as serve as economic link between upper and lower Northeastern region, and the Gulf of Thailand.

For more information, please contact
Name: Apichaya Sophonratana
Tel: +662-553-8111 Ext. 6932
E-mail: thailandinvestmentyear@gmail.com or visit http://www.boi.go.th

Photo – https://photos.prnasia.com/prnh/20170502/1840174-1

Source: The Board of Investment of Thailand (BOI)

Written by asiafreshnews

May 8, 2017 at 2:53 pm

Posted in Uncategorized

SWIFT and banks in the Philippines join forces to achieve greater automation for Filipino corporates

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The launch of the Philippines guidelines for Account Reporting (MT940) will help Filipino corporates optimise their finance operations

MANILA, Philippines, May 2, 2017 /PRNewswire/ — SWIFT announces today the publication of the Philippines (PH) MT940 guidelines, marking a successful completion of the first phase of the Corporate-to-Bank (C2B) initiative. Announced in January 2016, the initiative aims at aligning the communications standards between corporates and banks in the domestic Filipino market. The guidelines were developed with the support of 25 global and local banks along with 10 corporates including Ayala Land, Globe, and Meralco.

Leveraging international best practices and keeping in mind the Filipino market specific requirements, the initiative will bring greater levels of automation and standardisation to multi-banked corporates, enabling improved straight through processing (STP) using MT940 for auto-reconciliation of bank statements and consolidated cash visibility, all on one single platform. By providing a forum to define enhanced standardisation in the Philippines financial community, SWIFT is playing an essential role as it brings the community together to identify and overcome current challenges.

The first phase of the C2B initiative is now completed with the launch of the Account reporting (MT940) guidelines for the Philippines. The initiative is carrying on with its mission to develop a standard language for Corporate-to-Bank message flow in accordance with global and domestic market practices. The next phases will see the C2B initiative defining common standards for payment instructions (Phase 2), foreign exchange confirmations, fixed deposits and fixed loans confirmation (Phase 3). The C2B initiative will bring greater alignment between corporates and banks on financial requirements. SWIFT is committed to enable the PH C2B guidelines and foresees strong adoption by the financial community of these newly developed standards in the coming months.

Lisa O’Connor, Head of Standards, Asia Pacific at SWIFT said: “It is great to see so many banks and corporates participating to SWIFT’s Corporate-To-Bank initiative. The launch of the PH MT940 guidelines is a display of the industry’s capability in collaborative innovation. We live in a world of speed and interconnectivity. When it comes to guidelines, focus on standardisation should be a priority with international regulations and making sure auto reconciliation goes smoothly. Our C2B initiative will drive improved communication between corporates and banks following global standards. This is a great project for SWIFT and the domestic Filipino community through the drive to improve existing message flow and combine it with well-defined international standards to support the strongly developing Filipino economy. As the community becomes more aware of the value of these guidelines, we expect an increase in adoption.”

Isabelita M. Papa, Philippines NMG Chairperson and SWIFT User Group Chairperson said: “This initiative is a further proof of the power of collaboration as the Philippines community and SWIFT came together to align the communication standards between corporates and banks. In the larger context of ASEAN integration, this is a critical step to drive efficiency in the Filipino economy as it aligns closely with AEC 2025 goals and global trends such as ISO 20022 adoption. The Corporates-to-Banks initiative is a fantastic example of the private sector responding to these evolving needs”.

Notes to Editor:

In addition to the participation of the central bank of the Republic of the Philippines, Bangko Sentral ng Pilipinas, below is the full list of banks that took part and actively supported the development of the guidelines:

1.

Asia United Bank

2.

BDO Bank

3.

BAML

4.

Bank of the Philippine Islands

5.

Chinabank

6.

Citibank

7.

Deutsche Bank

8

Development Bank of the Philippines

9.

East-West Bank

10.

HSBC

11.

J.P. Morgan Chase Bank, N.A.

12.

Land Bank of the Philippines

13.

Maybank

14.

Metrobank

15.

Mizuho

16.

Philippine Bank of Communications

17.

Philippine National Bank

18.

Rizal Commercial Banking Corporation

19.

Robinsons Bank Corp.

20.

Security Bank

21.

SMBC

22.

Standard Chartered

23.

Union Bank of the Philippines

24.

United Coconut Planters Bank

25.

Bangko Sentral ng Pilipinas*

About SWIFT for Corporates

SWIFT for Corporates offers a wide and growing range of products and services for multi-banked corporates to connect with banks and financial institutions through a single, secure and reliable channel. SWIFT provides corporate treasurers and finance managers global visibility on cash and trade, lower cost of financial transactions and improved security and reliability. SWIFT for Corporates also includes additional capabilities such as Bank Payment Obligation (BPO)/Trade Services Utility (TSU), 3SKey, SWIFTRef, MyStandards and Sanctions Screening. For more information, visit http://corporates.swift.com/

About SWIFT

SWIFT is a global member-owned cooperative and the world’s leading provider of secure financial messaging services. We provide our community with a platform for messaging, standards for communicating and we offer products and services to facilitate access and integration; identification, analysis and financial crime compliance. Our messaging platform, products and services connect more than 11,000 banking and securities organisations, market infrastructures and corporate customers in more than 200 countries and territories, enabling them to communicate securely and exchange standardised financial messages in a reliable way. As their trusted provider, we facilitate global and local financial flows, support trade and commerce all around the world; we relentlessly pursue operational excellence and continually seek ways to lower costs, reduce risks and eliminate operational inefficiencies. Headquartered in Belgium, SWIFT’s international governance and oversight reinforces the neutral, global character of its cooperative structure. SWIFT’s global office network ensures an active presence in all the major financial centres.

For more information, visit http://www.swift.com or follow us on Twitter: @swiftcommunity and LinkedIn: SWIFT

Contact:
Kathy Kwan
Communications Specialist, Asia Pacific
SWIFT
+852-2107-8451
kathy.kwan@swift.com

Logo – http://photos.prnasia.com/prnh/20160127/8521600559Logo

Source: S.W.I.F.T.SCRL

Written by asiafreshnews

May 8, 2017 at 2:51 pm

Posted in Uncategorized

Hotmob Launches ALCANZAR: A Safety-First Demand Side Platform

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HONG KONG/PRNewswire/ — Hotmob today announced the launch of a safety-first demand side platform (DSP) which focus on quality, brand safety and transparency.

In the wake of recent reports on display and videos ads running next to unsafe content on YouTube, major brands and media buying agencies reacted by suspending their advertising budget from Google’s programmatic solutions. As a result of brand safety concerns, Hotmob launches a safety-first demand side platform to address such issue by customizing its brand protection strategy for advertisers.

Hotmob CEO Johnny Wong said, “We understand how important brand safety is for brands and advertisers as we have over 10 years of experience in managing and serving premium digital advertising. We have a whitelist established with hand-picked apps and websites to ensure ads are delivered in safe environment through our DSP.”

Hotmob developed a proprietary safety-first demand side platform (DSP) named ALCANZAR with a focus on providing quality inventory, safeguarding brands by applying category filters and content parameters to measure whether a publisher’s content meets the brand’s specific needs. Both pre-bid and post-bid screening is applied to increase brand-safety controls by allowing advertisers to screen the URL or site section, therefore offering more transparency on where ads are running.

One of the unique features of ALCANZAR is that ad inventories are purchased in real time with smart bidding algorithms and price optimization. That is, only the necessary impressions are purchased at the best possible price point. The DSP platform adopts contextual ranking powered by artificial intelligence technology to analyse millions of ad inventory in apps and websites and determines the most relevant placement to a brand’s product or service.

Advertisers can access more than 10 billions of ad slots each day from multiple inventory sources across major global ad exchanges including Google, YouTube, Smaato, Pinyou and more. Online display, video and mobile ad inventories can be bought on CPM basis and the ad formats are compliant to IAB and international standards, hence maximizing the reach to targeted audience.

About Hotmob

Hotmob is the leading mobile marketing company that operates a hybrid mobile advertising marketplace to offer premium and performance-driven mobile advertising solutions, which are facilitated by proprietary advertising technologies and robust ad-serving platforms to meet the growing demand from businesses across Asia.

Written by asiafreshnews

May 5, 2017 at 11:37 am

Posted in Uncategorized