Tagged: RLT

Government Ministers, Business Leaders and Economists Confirmed for Cambodian Investment Conference

PHNOM PENH, Cambodia, Aug. 27, 2014 /PRNewswire/ — Agriculture, manufacturing, banking and real estate will be among the key business sectors to be discussed at the upcoming International Business Chamber of Cambodia (IBC) Investment Conference.

The conference will bring together senior government ministers, top economists and business leaders in Phnom Penh on October 6th and 7th.

Cambodia’s Prime Minister H.E. Samdech Akka Moha Sena Padei Techo Hun Sen will deliver the conference’s opening address on the morning of October 6th.

The keynote speech will be delivered by Donald Kanak, the chairman of Prudential Corporation Asia — which is a leading sponsor of the conference.

Two major panels will follow the opening address and the keynote speech, both moderated by the renowned Wall Street Journal columnist Andrew Browne.

The first panel will look at Cambodia’s Economic Outlook and will feature Eric Sidgwick, senior country officer at the Asian Development bank (ADB), the International Monetary Fund’s (IMF) Cambodia representative Ahmed Faisal and Dr. In Channy, CEO of ACLEDA Bank who is also the Vice Chairman of the IBC and the chairman of the conference’s organising committee.

Another panel at the conference will discuss Cambodia’s Economic Advantage.

“The speakers and moderators list for the conference is looking very exciting and I am delighted to see the calibre of those who will be present for these important discussions,” says Dr. Channy.

“There are a number of government ministers already in attendance and we are expecting more to confirm in the coming days and weeks,” says Dr. Channy.

Government ministers attending the event will include Cambodia’s Minister of Commerce H.E Sun Chanthol, Education Minister H.E. Hang Chuon Naron and Minister
 of Posts & Telecommunication (MPTC)  H.E. Prak Sokhonn.

IBC Chairman Bretton Sciaroni, senior partner at Sciaroni and Associates, will chair a break-out discussion on Cambodia’s Legal Landscape for Investors which will feature Senior Minister H.E. Mr. Om Yentieng, Chairman of Cambodia’s Anti-Corruption Unit.

“This will be one of the most important discussions at the conference — with investors constantly monitoring the political and legal situation in Cambodia as they make their investment decisions. The recent political breakthrough will be a big boost for investors who want to see similar breakthroughs in the legal landscape,” Mr. Sciaroni says.

Platinum sponsors for the IBC conference are Prudential Cambodia, Jardine Matheson Limited, Sciaroni and Associates, ACLEDA Bank and ANZ Royal. Gold sponsors include DFDL and Ezecom.

The South East Asia Globe and its sister publication Focus ASEAN are media partners of the event.

Those wishing to register for the IBC Investment conference should visit the IBC’s website at www.ibccambodia.com.

Media Contact:

Julian Rake
+855-12324283
julian@quantumpublicity.com

Cash Balance of EVERGRANDE GROUP Reaches 64.03 Billion Yuan, Ranks No.1 in China; HuiKa Yan Announces Multiple Business Strategies

BEIJING, Aug. 26, 2014 /PRNewswire/ — On August 26th, The 2014 Midyear Achievement Announcement of EVERGRANDE GROUP was held at the Shangri La Hotel on Hong Kong Island, Hong Kong. The Group Chairman HuiKa Yan made a public announcement to the world: the EVERGRANDE GROUP will stand firmly to implement its multiple businesses strategies. An original report by Sina Leju follows:

He said that EVERGRANDE GROUP will stand firm to implement its multiple business strategies, which are announced to the public for the first time after long term and prudent investigation and survey. “After special research, we found that most of the World Top 500 Giant Enterprises would select multiple businesses strategies after they have developed to a certain size. As far as the size, team and brand of the Group are concerned, we will lose lots of development opportunities if we fail to implement multiple business strategies. Now, the Group has formally entered the strategic stage of “Multi + Size + Brand.”

What are the new industries which the Group will enter? When will the Group enter these industries? HuiKa Yan said that that depends on market potentials. They may be modern agriculture, dairy industry and stockbreeding, or maybe new products like EVERGRANDE grain and oil product, and EVERGRANDE baby milk powder will appear soon. For the first time, He revealed to the public, “the Group will take a seat in the World Top 500 Giant Enterprises next year. In terms of the main indexes such as sales amount (which are essential for appraisal of the World Top 500 Giant Enterprises), we are confident to reach that.”

Behind the new strategies, the achievement of multiple businesses had a big growth when compared with the same period of the last year, taking a lead in the industry. The mid-year data shows that, in the upper half of 2014, sales amount of the Group reached 69.32 billion yuan, a growth of 55.4 percent when compared with the same period of last year; with a net profit of 9.49 billion yuan, nearly double that of 4.81 billion yuan of WANKE Group; its total assets reached 421.65 billion yuan, a growth of 53.6 percent when compared with the same period of last year; as of June 30, the cash balance reached 64.03 billion yuan, a growth of 52.6 percent when compared with the same period of last year.

In addition, the other core indexes of the Group also witnessed a big growth when compared with the same period of 2013. By the end of June, the Group has completed 110 billion yuan, i.e. 63 percent of the annual goal, ranking top among real estate enterprises in China. The industry generally predicted that the last half year will see a warmer market. The Group may become the first real estate enterprise which fulfills the annual goal.

The fair achievement of the Group is due a lot to its size. As of June 30, the Group has 303 large projects in 147 cities in China, boasting a giant taking a lead in the industry in China. With the rapid growth of city expansion in China, there are growing demands for houses, and the Group has strived to provide houses of high quality and moderate prices to meet such demands, thus winning a return of increasingly growing achievement.

In addition, the cash balance of the Group is more than 64 billion yuan; the accumulated paid-in land payment has reached 175.26 billion yuan, showing strong financial strength. Steady and prudent financial policies have laid a solid foundation for the Group’s further development in the real estate industry, and give guarantee for expanding its multiple strategies.

Sterling Financial launches New Providence Opportunity Fund, A Real Estate Investment Fund, and Announces Its First Real Estate Acquisition

— “The New Providence Opportunity Fund, Ltd. presents an excellent opportunity to investors to capitalize on decades of property experience of its Sponsor and it drives significant synergies with the existing fixed income mortgage funds managed by Sterling Financial Group, Inc.”

NASSAU, The Bahamas, Aug. 22, 2014 /PRNewswire/ — Nassau, The Bahamas based Sterling Financial Group (“Sterling”), announces the launch of the New Providence Opportunity Fund, Ltd. (the “Fund”). The Fund is a closed-end equity investment fund consisting of high net worth and institutional investors, which targets diverse real estate investment and development opportunities in the United States, Canada and the Caribbean.

The Fund seeks to benefit from Sterling’s access to fundamentally sound real estate investments including development opportunities that were financially challenged by the Recession. The Fund will be active in markets where Sterling has both extensive real estate experience and existing platforms. Leveraging its relationships with developers, real estate private equity firms, private family investors, entrepreneurs and financial institutions, the Sponsor will identify opportunities, and upon acquisition, provide value-add initiatives to maximize total returns.

“We are pleased to bring New Providence Opportunity Fund to the market,” said Steve Tiller, President and COO of Sterling “We believe that the combination of our extensive real estate investment, development and management capability and a highly efficient funding structure, is a recipe for success for many investors in today’s market,” Tiller continued. David Kosoy, Sterling’s Chairman and CEO added, “we are pleased to add this fund to our other real estate offerings available, and I believe it is a great complement to our platform.”

Simultaneously with the first closing of the Fund, Sterling is also announcing the acquisition and further development of Ocean Terrace, an existing ocean front condominium project located in the West end of New Providence island. The acquisition includes additional green-field acreage for future development.

“Ocean Terrace is now under new ownership and we are revitalizing a project that has been idle for some time. It is a true sign of strong improvements currently experienced in the Nassau real estate market and especially in the highly sought after western district. The project is an excellent addition to the notable projects that Sterling is involved in and it is a terrific complement to our portfolio”, added Tiller.

The Sterling platform focuses on providing access to alternative market opportunities without compromising the North American standard for risk management, operational efficiency and regulatory requirements. Sterling leverages a management team with interdisciplinary real estate experience, a strong internal infrastructure and partnerships with leading service providers in order to capitalize on unique real estate investments and structures.

Kosoy further noted, “We have seen an increased demand from investors for quality real estate projects and funds that would diversify their exposure to traditional investments as well as providing attractive returns. We are pleased that we can offer a proven strategy on a tried and tested platform to a wider base of offshore and onshore investors through a product that has a potential to significantly enhance and diversify their portfolios.”

Sterling Financial Group, Inc., a fully integrated and diversified real estate investment, development, management and services company that has an established track record of successes in the real estate industry. Over the past 40 years, Sterling and its principals have acquired over 5.5 million square feet of commercial real estate at a combined purchase price of over $2 billion. Prior to founding Sterling, the principals had previously been part of the controlling group of a publicly traded real estate company, which acquired and managed a portfolio of more than 20 million square feet of real estate across North America. Sterling is headquartered in Nassau, Bahamas.
www.sterlingbahamas.com

NPOF Launch Press Release
For further information please contact:

Sterling Financial Group
T: +1-242-677-1900
E: cwalker@SterlingBahamas.com

Sharell Carroll
SageEden Media Group
T: +1-242-356-0646
info@sharellcarroll.com

Notes for Editors

ABOUT STERLING FINANCIAL GROUP INC.
Sterling Financial Group is a Nassau, Bahamas based, financial services business founded in 2006. The company is privately owned and is regulated by the Securities Exchange Commission under the Financial Service and Corporate Providers Act.

The series of real estate and mortgage funds managed by Sterling invest and profit from a portfolio of privately held real estate investments and mortgage loans. The business is administered by David Kosoy and Steve Tiller and other respected real estate professionals who collectively have significant experience in the real estate and mortgage lending markets. The principals of Sterling have a track record over the past 40 years of successfully and consistently generating profits in the real estate investments and mortgage lending sectors in Canada, the Bahamas, the U.S. and the U.K.

RICS Supports Adopting Thermal Technologies for Tree Inspection

Put an end to tragic cases of fallen trees wounding citizens

HONG KONG, Aug. 15, 2014 /PRNewswire/ — The Royal Institution of Chartered Surveyors (RICS) is aware of trees falling and causing significant injury or even casualties in Hong Kong, and suggests speeding up the adoption of thermal technology for the inspection of trees to protect public safety.

The existing tree inspection procedures involves normal visual inspection first, and if a problem is spotted by the eye, to proceed with sonar detectors or micro-drilling resistance tests. However, these measures are not able to fully measure internal problems of diseased trees, which in turn can lead to trees falling and causing tragedy once again. RICS proposes adopting a tree inspection method used in the U.K. which uses thermal imaging to identify if there is imbalanced heat emissions from the tree. The thermo image upon interpretation by experts would then signify that the tree may be unhealthy from within. Thermal imaging can work at a reasonable distance and can effectively examine trees high above the ground, and ultimately compensate for deficiencies in the existing visual inspection method.

Cheng Wai Pun, Chairman of the RICS Hong Kong Geomatics Professional Group Committee mentioned, “In recent years, several cases of fallen trees in Hong Kong have led to casualties. The government should accelerate the adoption of effective new technologies in tree inspection procedures and solutions. Not only will this help prevent tragedies from happening again, but also strengthen the overall management and maintenance of trees, which then ensures healthy trees and a safer Hong Kong for the public.”

About RICS & RICS Asia

RICS is the world’s leading qualification when it comes to professional standards in land, property and construction.

In a world where more and more people, governments, banks and commercial organisations demand greater certainty of professional standards and ethics, attaining RICS status is the recognised mark of property professionalism.

Over 118,000 property professionals working in the major established and emerging economies of the world have already recognised the importance of securing RICS status by becoming members.

RICS is an independent professional body originally established in the UK by Royal Charter. Since 1868, RICS has been committed to setting and upholding the highest standards of excellence and integrity – providing impartial, authoritative advice on key issues affecting businesses and society. RICS is a regulator of both its individual members and firms enabling it to maintain the highest standards and providing the basis for unparalleled client confidence in the sector.

The RICS Asia supports a network of over 18,000 individual professionals across the Asia Pacific region with an objective to help develop the property and construction markets in these countries, by introducing professional standards, best practice and international experience. It promotes RICS and its members as the natural advisors on all property matters. It also ensures that services and career development opportunities are provided to members.

The RICS Asia region covers national associations and local groups locating in Brunei, Japan, Malaysia, Singapore, Thailand, The People’s Republic of China and the Hong Kong SAR. It also has members working across the region such as Bangladesh, Bhutan, Burma/Myanmar, Cambodia, Indonesia, Kiribati, Laos PDR, Macao SAR, Mongolia, Nepal, North Korea, South Korea, Taiwan, The Maldives, The Philippines, Timor East and Vietnam. For more information, please visit: www.ricsasia.org.

Logo – http://www.prnasia.com/sa/2009/08/17/200908171721.jpg

Build Eco Xpo Asia 2014 to Spur Southeast Asia’s Green Agenda

SINGAPORE, Aug. 14, 2014 /PRNewswire/ — Build Eco Xpo (BEX) Asia, Southeast Asia’s premier business event for the exchange of global expertise and technologies for sustainable building, returns for the seventh year with a twist.

In line with the theme, “Building Today, Sustaining Tomorrow”, BEX Asia 2014 and the International Green Building Conference (IGBC) are encouraging all participants to adhere to a “no-coat, no-tie” dress code. This ensures that visitors are comfortable while in-hall temperatures are raised to more environmentally friendly levels.

“Visitors are an important part of our show, and it is necessary to engage them in our efforts. By doing away with the usual business wear, we hope that this creates a more conducive environment for everyone,” says Ms Louise Chua, Business Development Director and Project Director of Reed Exhibitions.

With buildings emitting one-third of the world’s greenhouse gas emissions[1], a better understanding of green practices is necessary to create a more sustainable living environment. BEX Asia 2014 will see the coming together of key industry partners for an exchange of business ideas and venture opportunities to achieve a shared vision of using more green technologies in building design and architecture. Over 350 companies across the globe are expected to showcase new and innovative products to visitors and delegation from the region, including Taiwan and Indonesia.

Greater Buzz with Strong Line-up of Exhibitors

Visitors can expect a diverse showcase of the latest products and green solutions across the big and small industry players.

One of them is the display of the proprietary Panasonic Energy Management System (EMS) which allows for convenient energy visualisation. The provision of energy consumption data via wireless communications and network technology encourages small behavioural changes towards potential energy and cost savings. In the residential space, the system was part of the Punggol Eco Town test-bed project in 2013.

Junichiro Kitagawa, Managing Director, Panasonic Asia Pacific, said, “As the strain on energy resources increases with growing demand and consumption, effective energy management technologies and solutions have to be looked into closely. With the EMS, consumers are aware of, and have the ability to monitor as well as make changes to their energy consumption habits.”

Singapore-based company, Enovatek Energy Solutions, who is sponsoring all LED lightings at BEX Asia 2014, will also introduce the Nano Thermal Barrier Paint. Already in use in hot and warm neighbouring countries like Thailand, the heat-reflective paint increases solar reflectance and thermal emittance when applied onto a surface, reducing cooling load by up to 40%.

Strengthening the international presence is the return of the Japan External Trade Organisation (JETRO) and Taiwan pavilions. Following the success of BEX Asia last year, the JETRO pavilion will return bigger, featuring various Japanese Small-Medium Enterprises (SMEs) and their respective technologies to maximise business potentials.

“The extensive showcase will provide an enabling platform for everybody to network and exchange ideas. Notably, we have seen an increased interest from companies in the timber and wood industry, and those providing lighting solutions,” says Louise.

“With the expected record number of participants from the region, BEX Asia 2014 is well poised to accelerate the adoption of green technologies for a more sustainable and energy-efficient living.”

Also housed in a much larger pavilion this year is the Singapore Green Building Council (SGBC), a strategic partner in fostering collaboration between Singaporean companies and key industry players. From buildings, architecture, design and green products, visitors can find these key partners via the Singapore Green Product Labels affixed at the booths.

Gathering of Asia’s leading Build Green think-tanks

BEX Asia 2014 will also play host to ‘Green View’ speakers, who will be sharing their expert insights on the industry.

One of the speakers, Dr Naree Phinyawatana, Director of Atelier Ten (Bangkok), will be speaking on daylighting. “BEX Asia 2014 will not only give like-minded individuals an opportunity to network but also provide a platform for the discussion and exchange of ideas. I am honored to be speaking to my peers and hopefully contribute to the greater good for the industry.”

Other speakers at ‘Green View’ include Dr Alex Lee, CEO (Asia) of Tian Building Engineering, Germany, Mr Emmanuel Clair, Group CEO of Light Cibles International Group, Mr Steven Kang, Business Development Director of Measurement and Verification Pte Ltd, and Mr Philip Kennedy, President and Chief Technology Officer of Kiltech.

Furthering the Green Agenda

Taking place alongside BEX Asia 2014 is the International Green Building Conference (IGBC). The anchor event of the Singapore Green Building Week, IGBC 2014 is organised by the Building and Construction Authority of Singapore (BCA). It will play host to international green building experts, policy-makers and academics, and built environment practitioners, to promote a congregation of ideas, collaboration and learning, to achieve a greener and more sustainable environment.

BEX Asia 2014 is also co-located with Lighting Asia and Design Interiors. The inaugural Lighting Asia provides an international showcase of energy efficient lighting solutions for the Southeast Asian marketplace. Design Interiors encompasses enthralling eco-centric interior exhibits for design professionals. Visitors can expect participation from the Czech Republic as well as the Japan Interior Planners Association, Tokyo (JIPAT).

BEX Asia will take place from 1 to 3 September 2014 at the Marina Bay Sands Convention Centre. For more information, please visit http://www.bex-asia.com/

END

About Build Eco Xpo (BEX) Asia

BEX Asia is Southeast Asia’s premier business platform for the green building and construction industry. It is a one-stop sourcing destination for cutting-edge products, innovative technologies and sustainable designs in building materials, energy efficiency systems, fittings and fixtures, and much more. It is an event that enhances your competitive edge in the world of Build Green. BEX Asia brings together skilled professionals, key industry practitioners, major specifiers and buyers from the region to build networks and create business opportunities, in support of the global trend to build greener communities for a greener future. http://www.bex-asia.com/

About International Green Building Conference (IGBC)

The International Green Building Conference (IGBC) 2014, organized by the Building & Construction Industry (BCA), themed “Build Green, Lead, Engage, Sustain”, will play host to more than 1,000 international delegates from over 30 markets. The event will lead in the next phase of the green building movement focusing on higher standards of energy efficiency; indoor environment quality through sustainable building products and technologies; and users’ comfort and productivity. http://www.sgbw.com.sg

About Reed Exhibitions

Reed Exhibitions is the world’s leading events organizer, with over 500 events in 40 countries. In 2013, Reed brought together over six million active event participants from around the world, generating billions of dollars in business. Today, Reed events are held throughout the Americas, Europe, the Middle East, Asia Pacific and Africa and organized by 34 fully staffed offices. Reed Exhibitions serves 43 industry sectors with trade and consumer events and is part of the Reed Elsevier Group plc, a world-leading publisher and information provider. http://www.reedexpo.com

For more information, please contact:

Rasheed Abu Bakar
The Hoffman Agency
Email: BEXAsia@hoffman.com
DID: +65-6361-0250

[1] The Business Case for Green Building, A Review of the Costs and Benefits for Developers, Investors and Occupants, World Green Building Council

RICS to Launch Qualified Chartered Surveyor List for Land Premium Arbitration

HONG KONG, Aug. 13, 2014 /PRNewswire/ — The Royal Institution of Chartered Surveyors (RICS) is preparing a list of RICS Chartered Surveyors who have met the requirements of the Pilot Scheme for Arbitration on Land Premium (the Scheme) launched this month by the Hong Kong Government.

In support of the Scheme, the Valuation & Planning and Development Professional Group Committee of RICS Hong Kong has established a vetting committee to generate a list of chartered surveyors qualified for the Scheme. Listed RICS members must have at least 10 or more years of experience in local land matters, including land lease modifications, land exchange and premium negotiation.

Impartialness is crucial to arbitration and valuation. All chartered surveyors providing valuation service using RICS valuation standards are required to register under the mandatory RICS Valuer Registration, which regulates members through annual audit and review. The RICS Valuation — Professional Standards (Red Book) adopts and is fully compliant with the International Valuation Standards. All RICS valuation reports meet international standards and are globally recognized.

Albert So, Chairman of the Valuation & Planning and Development Professional Group Committee mentioned: “The Government’s Pilot Scheme for Arbitration on Land Premium will expedite dispute resolution of land premium, hence speed up land supply, especially through the release of land from developer reserves. RICS list of qualified chartered surveyors for the Scheme will bring about an impartial arbitration that complies with international standards. At the same time, our members are regulated under RICS Valuer Registration to eliminate potential conflict of interest during arbitration”.

The Pilot Scheme for Arbitration on Land Premium aims to resolve disputes between land owners and Lands Department by speeding up land premium agreement on land lease modification / land premium disputes.

About RICS & RICS Asia

RICS is the world’s leading qualification when it comes to professional standards in land, property and construction.

In a world where more and more people, governments, banks and commercial organisations demand greater certainty of professional standards and ethics, attaining RICS status is the recognised mark of property professionalism.

Over 118,000 property professionals working in the major established and emerging economies of the world have already recognised the importance of securing RICS status by becoming members.

RICS is an independent professional body originally established in the UK by Royal Charter. Since 1868, RICS has been committed to setting and upholding the highest standards of excellence and integrity — providing impartial, authoritative advice on key issues affecting businesses and society. RICS is a regulator of both its individual members and firms enabling it to maintain the highest standards and providing the basis for unparalleled client confidence in the sector.

The RICS Asia supports a network of over 20,000 individual professionals across the Asia Pacific region with an objective to help develop the property and construction markets in these countries, by introducing professional standards, best practice and international experience. It promotes RICS and its members as the natural advisors on all property matters. It also ensures that services and career development opportunities are provided to members.

The RICS Asia region covers national associations and local groups locating in Brunei, Japan, Malaysia, Singapore, Thailand, The People’s Republic of China and the Hong Kong SAR. It also has members working across the region such as Bangladesh, Bhutan, Burma/Myanmar, Cambodia, Indonesia, Kiribati, Laos PDR, Macao SAR, Mongolia, Nepal, North Korea, South Korea, Taiwan, The Maldives, The Philippines, Timor East and Vietnam. For more information, please visit: www.ricsasia.org.

Logo – http://www.prnasia.com/sa/2009/08/17/200908171721.jpg