Boosting Office Occupancy Rates, Creating Great Investment Returns BANGKOK — GLAND Office Leasehold Real Estate Investment Trust, or GLANDRT, which has invested in 30-year and 17-year-and seven-month leasehold interests in ‘The Nine Towers’ and ‘Unilever House’ office building projects, respectively, in Bangkok’s ‘New CBD’, had its first trading day on 21 April, after receiving an enthusiastic welcome from both institutional and retail investors. Its management forecasted that a continuously growing demand for office space in Ratchada-Rama 9 area will improve the projects’ occupancy rates. Ms Veena Lertnimitr, Executive Vice President, Primary Distribution Division, The Siam Commercial Bank Public Company Limited, as…
Author: Marie Jones
Enhanced Cigna Health First Elite Medical Plan offers comprehensive and personalized solutions to meet customer needs throughout their life journeys HONG KONG — Hong Kong’s overall health score has continued in a declining trend over the past three years, dropping from 59.9 in 2015 to 58.6 in 2017, the latest Cigna 360 Well-being Score Survey reveals. The survey results show that Hong Kong people, regardless of their age, often don’t see themselves as “old” and are not financially prepared. Only 12% of respondents think they are financially secure should they be unable to work and only 17% perform well on current…
Capital Markets firms to benefit from NovaSparks’ ultra-low latency FPGA normalisation integrated with Colt’s MarketPrizm API HONG KONG — Colt announced today that participants can now receive TSE’s Flex Full market data feed normalised with an FPGA solution[1] as part of its market data portfolio for Capital Markets customers. The normalised market data feed is available for consumption in colocation at the exchange and wrapped in Colt’s MarketPrizm API. The fully integrated solution enables customers to benefit from the ultra-low latency and deterministic performance of FPGA technology combined with the flexibility and ease of use of Colt’s API. The managed…
India pollination project ‘Madhu Sandesh’ wins Asia Pacific Excellence Awards SINGAPORE — CropLife Asia took home the Asia Pacific Excellence Award in the Non-Governmental Organizations & Associations category at a ceremony held on 19 April 2017 at the Harbour Grand Kowloon in Hong Kong. Through the ‘Madhu Sandesh’ program, farmers in the state of Maharashtra, India are provided rental bee hives to ensure pollination of their crops. This not only results in improved yield and incomes for farmers but also instills a holistic understanding of the need to use crop protection products in a manner that protects the environment, ecosystems, and…
SINGAPORE — Nearly 400,000 plant species provide our planet with the nutritious food, fiber, fresh air, and medicine we need to survive, but it is estimated that roughly one-fifth of those are at risk of extinction due to environmental threats. On this 47th anniversary of Earth Day, CropLife Asia and the region’s plant science industry have joined together to celebrate the agricultural innovations that have improved the productivity, health and quality of crops while reducing agriculture’s environmental impact. “Around Asia and the world, the plant science industry is working tirelessly to research and develop the next generation of crop protection and…
SINGAPORE — EC World Asset Management Pte. Ltd., as manager of EC World Real Estate Investment Trust (“ECW”) (the “Manager”) is pleased to announce that it is proposing to appoint Mr. Alvin Cheng as the Executive Director and Chief Executive Officer (“CEO”) of the Manager, pending approval from the Monetary Authority of Singapore. Prior to this proposed appointment, Mr. Cheng served as the Executive Director and Deputy CEO of the Manager. Mr. Lai Hock Meng will be stepping down from the CEO position to pursue personal and other business interests, but he will remain on the Board of the Manager as…
KUALA LUMPUR — Malaysian Private Equity Tech Conference (PETC) is now back with the second edition, which gathers the region’s leading institutional investors and fund managers to discuss best practices and real cases that affect private equity and venture capital in the Asian region. While Asia has been constantly eyed by global investors as an investment hub for alternative investments, given the rapid growth in the private sector, there exists potential for substantial investment for high return in the industry. At the event, attendees will take on a local and regional perspective to explore private equity as a value driver and…
Offers Comprehensive and Attentive Service and Extraordinary Experience to Customers HONG KONG — Royal England Safe Deposit Box LTD (“Royal England” or “the Company”), a wholly-owned subsidiary of Asia Allied Infrastructure Holdings Limited (“Asia Allied Infrastructure” or “the Group”; stock code: 00711), celebrated today the soft opening of its first vault in Hong Kong at the Basement, 188 Des Voeux Road Central, Sheung Wan. The opening ceremony had the grace of many guests including Mr. Dominic Pang, Chairman of Asia Allied Infrastructure, who were impressed by the exceptional and high-privacy high-end safe deposit box service Royal England offers. The overall security…
– DeClout’s new incubator will nurture local startups in financial technology (“fintech”), cybersecurity, data analytics and smart logistics with support from SPRING Singapore’s Startup SG Accelerator scheme – Further exemplifies DeClout’s unique value proposition and position as a next-generation business accelerator, following fund awarded by the National Research Foundation (“NRF”) in 2016 SINGAPORE — SGX-Catalist-listed DeClout Limited (“DeClout” or the “Company”, and together with its subsidiaries and associated companies, the “Group”) announced today that its wholly-owned subsidiary, DeClout Investments Pte. Ltd. (“DeClout Investments”), has launched an incubator arm to groom highgrowth local startups from Information and Communication Technology (“ICT”) sectors. Under…
New “L.I.F.E.” Themed Zones and Startup Zone showcase innovative products HONG KONG — The 32nd HKTDC Hong Kong Houseware Fair and the eighth HKTDC Hong Kong International Home Textiles and Furnishings Fair opened today. Organised by the Hong Kong Trade Development Council (HKTDC), the two four-day fairs will continue through 23 April at the Hong Kong Convention and Exhibition Centre (HKCEC) and bring together more than 2,500 exhibitors from 28 countries and regions to showcase the latest housewares, home textiles and furnishing products. – Houseware Fair’s “L.I.F.E.” theme highlights the latest design trends The largest event of its kind in Asia,…
To Deliver Bonded Cellular Solutions for Live Multi-Camera Broadcasts HONG KONG — JVC Professional Video, a division of JVCKENWOOD USA Corporation, today announced a partnership with Plover Bay Technologies’ (‘Plover Bay’, HKG: 1523) own brand, Peplink, a leader in VPN bonding solutions. Peplink combines multiple connections to create an unbreakable backbone for the ProHD Wireless Bridge video over IP (VoIP) solution for uninterruptible multi-camera live broadcasts. JVC will demonstrate the ProHD Wireless Bridge at the 2017 NAB Show (Booth C4315), which runs April 24-27 in Las Vegas, Nev. Peplink’s bonded cellular solutions have been successfully deployed for mass transit, cruise ships,…
SINGAPORE — Evolis, the worldwide leader in personalization systems for plastic cards, has been selected by the Shandong Social Security department for the personalization and instant issuance of multifunctional plastic cards. The cards are co-branded by the Shandong Social Security authority and six Chinese banks, and combine a debit card with a social security card. 400 Avansia printers by Evolis, integrating retransfer printing technology, were equipped with smart card encoders by Chinese system integrator Boya Wuzhou, and deployed across the banks in December, 2016. The contract, worth $1.2M, includes consumables and spare parts. “We are proud that our company was selected…
Highlights – 1Q FY2017 DPU was 1.489 cents – Approximately 260K sq ft of renewals, forward renewals and new leases signed – Portfolio occupancy of 91.8% as at 31 March 2017, occupancy rate at 72 Loyang Way stands at 9.9% SINGAPORE — SB REIT Management Pte. Ltd. (“Manager”), the Manager of Soilbuild Business Space REIT (“Soilbuild REIT”), today announced a distribution per unit (“DPU”) of 1.489 cents for the first quarter ended 31 March 2017 (“1Q FY2017”). Gross revenue and net property income (“NPI”) rose by 9.2% and 11.7% respectively due to higher revenue from Bukit Batok Connection, Solaris, Tellus Marine…
– Technology and infrastructure-led, de-risked exploration approach taken by Lime Petroleum Norway AS – First test production in Edvard Grieg South (Rolvsnes) anticipated in 2019 – Cluster of assets around Edvard Grieg South (Rolvsnes) discovery added to portfolio SINGAPORE — Rex International Holding Ltd (SGX:5WH,REXI), a new-generation technology driven oil company, has mapped out a value creation strategy for its assets in Norway – particularly in the North Sea – built on the Group’s unique technology-led, de-risked exploration approach. Development feasibility studies are being carried out on the Edvard Grieg South (Rolvsnes) (“EGS”) discovery in licence PL338C made in December 2015,…
KUALA LUMPUR — At SEMICON Southeast Asia 2017, Dr. Chen Fusen, CEO of Kulicke & Soffa Pte Ltd, Singapore, will give a keynote on digital transformation in the manufacturing sector. Chen believes that Smart Manufacturing, or Industry 4.0, is no longer hype but real, and Asia needs to get on board sooner rather than later. SEMICON Southeast Asia (SEA) 2017, held at the SPICE arena in Penang on 25-27 April, is Asia’s premier showcase for electronics manufacturing innovation. “Digital transformation has proven to provide solutions for addressing challenges in the manufacturing industry but there is still the issue of acceptance as…
-Expanded power facilities come on-line this Q4 -Poised to invest in efficient power production to support growth BANGKOK — TPI Polene Power or TPIPP, operator of Refuse-derived Fuel (RDF) and waste heat recovery power plants in Thailand, and operator of petrol and natural gas (NGV) service stations, aims to be the leader in the power production and distribution business. The company, now trading on the stock market, is in the middle of expanding three new power plants whose commercial operation date (COD) is set for the 4th quarter of this year, which will push production capacity to 440MW. TPIPP is also…
TOKYO — AsianInvestor has recognised Nikko Asset Management (Nikko AM) as Japan’s 2017 Fund House of the Year for generating strong returns in Japan’s negative interest rate environment. This is the sixth time in seven years that the firm has won the award[1]. Nikko AM’s actively managed Japanese equity strategies demonstrated a record of investment excellence that drove growth in assets under management (AUM) throughout 2016. “The Bank of Japan’s negative interest rate policy provided new challenges for investors in 2016,” said Hiroki Tsujimura, Chief Investment Officer – Japan. “We believe one of our core competitive advantages is the progressive nature…
New Startup Zone & Tech Hall Showcase Cutting-edge, Smart Products HONG KONG — The HKTDC Hong Kong Electronics Fair (Spring Edition), the largest spring electronics event in Asia, and the concurrent HKTDC International ICT Expo opened today. The four-day fairs (13-16 April), are both being organised by the Hong Kong Trade Development Council (HKTDC) held at the Hong Kong Convention and Exhibition Centre. More than 3,500 exhibitors from 23 countries and regions are showcasing an assortment of cutting-edge technologies and smart products at the fairs, including innovative solutions and products presented by start-ups. – Startup zone showcases creativity of 100+ companies…
HONG KONG — A leading real estate developer of green technological properties – Modern Land (China) Co Ltd (“Modern Land,” the “Company,” together with its subsidiaries, the “Group,” HKSE stock code: 1107.HK) — is pleased to announce that Fitch Ratings, an international credit ratings institution, has affirmed the Group’s Long-Term Foreign- and Local-Currency Issuer Default Rating (IDR) at “B+” with the Outlook Stable. Fitch has also affirmed the Group’s senior unsecured rating and the ratings on all outstanding bonds at “B+” with a Recovery Rating at “RR4”. In August 2016, Fitch initially upgraded the Group’s Long-Term Foreign- and Local-Currency Issuer Default…
TOKYO — JCB International Co., Ltd. (JCBI), the international operations subsidiary of JCB Co., Ltd. (JCB), today announced the appointment of new directors at the shareholders’ meeting held in Tokyo on April 3. Mr. Ichiro Hamakawa is the new Chairman and CEO, succeeding Mr. Takao Kawanishi who served in those roles since 2010. Mr. Koremitsu Sannomiya was appointed Deputy Chairman and Mr. Kimihisa Imada, President and COO. Mr. Kawanishi continues to lead our business as Chairman of JCB. JCB is a major global payment brand and a leading payment card issuer and acquirer in Japan. JCB launched its card business in…