Sunday, February 7, 2010

Mitsubishi Motors introduces “White Pearl Collection”

Mitsubishi Motors Thailand refers to month of love introducing White Pearl Collection to response customer need and boost sales volume. The new collection will be available in Lancer EX, Pajero Sport and Space Wagon models which lunching event will be held at 10 department stores and Mitsubishi showroom nationwide. Customer who buys all modes can join, get special sales campaign and have a chance to win gold bar 10 Baht and other special presents with total value more than 5 million Baht from now to April 6, 2010.


Mr. Nobuyuki Murahashi, President of Mitsubishi Motors (Thailand) Company Limited informs that

“Last year MMTh achieved sales target at 19,626 units while this year the company eyes to reach 30,000 units due to Thai automotive market showed positive signs. I believe that this year total sales volume will be around 600,000units. In order to achieve the target we will focus on unique selling point of each product by arranging activity to establish product awareness at the same time we will improve after sales service quality and dealer network which recently we have just announced to expand dealer network nationwide . In term of product, we introduce “ White Pearl” to be standard color for Lancer EX and boost sales volume by arranging “White Pearl Collection” campaign to provide special offer for customers who buy Mitsubishi car and chance to win lucky draw worth more than 5 million baht. In White Pearl Collection event, there will be many entertainment activities waiting for customers. I believe that this activity will be able to draw attention from local customers and help to boost our sales volume in first quarter of this year.”
Mitsubishi White Pearl Collection models

Mitsubishi White Pearl Collection will be available in Lancer EX, Pajero Sport and Space Wagon which appear with more luxury in special body color “White Pearl” and still keep the complement of each model in design, performance and safety. For the pricelist of White Pearl Collection, it will be increased 10,000 baht for Lancer EX. Interested customers can test and experience Mitsubishi White Pearl Collection at dealer nationwide and at launching event at 10 Department Stores as in below information from now on.

Friday, February 5, 2010

Altegrity Grows, Launches Fourth Business—Altegrity Risk International (ARI)

Altegrity CEO Mike Cherkasky Names Bill Bratton Chairman and Michael Beber President and CEO of New Business That Provides Global Risk Mitigation and Security Solutions


Altegrity, Inc.—the global information, screening, and security solutions provider—has formed a new business, Altegrity Risk International, Inc. (ARI), to provide high-quality due diligence, investigative, analytic, consulting, intelligence, and security solutions to organizations around the world. ARI will help its clients anticipate, prevent, and resolve issues, reduce fraud and loss, and maximize business opportunities.

“Risk has always been a part of our professional and personal lives, but because of the interconnected, global environment in which we live today, risk and security concerns have taken an unfortunate, costly, and at times deadly center stage,” said Mike Cherkasky, Altegrity CEO. “Throughout my career in business and as a former prosecutor, I have learned that information—how efficiently it can be gathered, processed, and analyzed to create a solution—is what often makes the difference between success and failure in both the public and private sectors.”

Mr. Cherkasky continued: “With this as our starting point, we created Altegrity Risk International to provide a quicker, more thorough and inclusive, as well as cost-effective way to provide businesses and organizations with the information and expertise they need to reduce risk and ensure more secure and successful organizations.”

ARI will serve a global community of corporations—as well as financial, legal, investment, non-profit, and government institutions—covering most major business sectors. The company’s multidisciplinary team from the fields of investigations, forensics, data intelligence, financial technology, and security/policing will provide ARI clients with specialized solutions to identify, analyze, prevent, and remediate the entire range of financial, legal/regulatory, reputational and security
risks.

William Bratton, the only person to serve as chief executive of both the New York City and Los Angeles police departments, will serve as ARI chairman. Michael Beber, who has proven success in developing intelligence and risk/data management businesses, will serve as ARI’s president and CEO.

“Right from the start, our clients will identify with our expertise and the quality of our people,” said Mr. Bratton. “We have assembled a team of world-class experts. They come from a wide-range of fields, from investigations, compliance, and forensics to data intelligence and financial technology. ARI’s clients will receive a deeply insightful, multidimensional, and highly evolved view of risk and security solutions so they can take advantage of opportunities and avoid disruptions to their operations.”

“Leveraging advanced technology tools, we are able to provide our clients, no matter whether they are located down the block or anywhere in the world, with better and faster, more thorough, and cost-effective solutions to the specific challenges and risks they face,” said Mr. Beber. “ARI’s tagline was a natural—From Information to Intelligence.SM This well describes the dynamic, smarter solutions we provide to help our clients manage and mitigate risk.”

Headquartered in New York City, ARI provides global coverage through offices in Chicago, Hong Kong, Houston, London, Los Angeles, and Washington, D.C. The company has a network of consultants, investigators, and specialists around the globe with experience in more than 150 countries. Additionally, as an Altegrity company, ARI has

access to the largest investigative force in the United States, with more than 2,800 well trained and cleared investigators.

ARI provides business and organizational solutions and services in five distinct practice areas:

Decision Intelligence. Business intelligence and due diligence solutions that help clients execute compliance programs and manage the risk inherent in commercial transactions and business relationships.

Investigative & Forensic Services. Information that helps clients manage crises, create opportunities, and mitigate financial and reputational loss.

Legal Risk Solutions. Legal risk assessments, due diligence, electronic data discovery, computer forensics, and witness and asset location, which help clients harness critical information and assess the financial, reputational, and operational risks of pursuing or responding to litigation.

Compliance & Monitoring. Creation and implementation of compliance programs that anticipate and resolve legal and regulatory risks, including independent monitors who can establish and monitor sustainable solutions.

Altegrity Security Consulting. Advice and solutions for operational policing, intelligence, crisis response, and security throughout the world. Customized programs covering the physical security of people, premises, assets, and information.

Altegrity, a global screening and security solutions company headquartered in Falls Church, Va., has nearly 8,000 employees in locations around the world. Altegrity, which is the holding company for USIS, HireRight, Explore Information Services, and Altegrity Risk International, partners with its government and commercial clients to help them Make Decisions Smarter® by uncovering, reviewing, analyzing, and delivering information. Altegrity is the largest commercial provider of background investigations for the government; a global commercial employment background and drug screening supplier to more than 25 percent of the Fortune 500; one of the principal providers of data services to the insurance industry; and a leading provider of high quality due diligence, investigative, analytic, consulting, intelligence, and security solutions to organizations

Friday, January 29, 2010

HSBC increases stake in Vietnam’s largest insurance and financial services group

Following regulatory and shareholder approvals, HSBC Insurance (Asia-Pacific) Holdings Limited (HSBC) has increased its shareholding in Bao Viet Holdings to 18 per cent from 10 per cent through the purchase of 53,682,474 new shares for a consideration of VND1.88 trillion (approximately US$101.8 million).


HSBC acquired a 10 per cent interest in Bao Viet, Vietnam’s leading insurance and financial services group, in September 2007. Under the terms of the original agreement, HSBC had an option to purchase a further eight per cent of Bao Viet shares from the Ministry of Finance (MoF). In October 2009 the MoF gave formal consent for this option to be exercised through the issue of new Bao Viet shares to HSBC.

Sandy Flockhart, Chief Executive Officer of The Hongkong and Shanghai Banking Corporation Limited, said: “The decision to increase our stake in Vietnam’s leading insurance and financial services group is reflective of our confidence in the long-term growth of both Bao Viet and Vietnam. In line with our strategy, we continue to focus on emerging market opportunities and to provide insurance, wealth protection and wealth management services across Asia-Pacific.”

David Fried, Chairman and Chief Executive Officer of HSBC Insurance for Asia- Pacific, said: “With an insurance penetration of only 1.4 per cent of GDP, the potential for growth in Vietnam is significant. We remain committed to investing in Vietnam’s development and see the country as a key market within the Asia-Pacific region.”

As part of the original agreement, HSBC continues to hold certain pre-emptive rights to acquire shares currently owned by the MoF with a maximum HSBC shareholding of 25 per cent within the first five years of the agreement and prevailing foreign ownership limits thereafter.

With a population of 87 million, a quarter of which is under the age of 15, Vietnam is one of the few economies that has continued to see resilient GDP growth throughout the financial crisis. Over the past few years, the government has introduced supportive measures to liberalise Vietnam’s financial markets and HSBC has correspondingly strengthened its presence and investments in the country.

In addition to its strategic investment in Bao Viet, HSBC also holds a 20 per cent stake in Vietnam Technological and Commercial Joint Stock Bank (Techcombank). HSBC also locally incorporated its Vietnam operations in January 2009, and subsequently expanded its distribution network from two branches and one representative office to 10 outlets currently. It has also partnered with Vietnam Posts Corporation to provide access to HSBC banking services for customers at more than 1,600 post offices across the country.

Saturday, January 2, 2010

Corporate Governance in Banks and Insurance Companies: The Experience of Kosovo

Private Enterprise
Riinvest Institute
December 15, 2009
Article at a Glance:

Riinvest Institute’s survey of corporate governance practices in the Kosovar financial system reveals improvements in transparency, disclosure, and shareholder rights over the last decade.

Improvements are lacking in the area of board composition and relations with stakeholders, especially the business community.

Lack of attention on the part of financial institutions to the views and needs of businesses is damaging to Kosovo’s economic development prospects.

Government should encourage more competition in the financial sector and take actions to improve the supply and affordability of credit to the private sector.

Read this and other Economic Reform Feature Service articles online at http://www.cipe.org/featureservice

Thursday, December 3, 2009

ING Life Limited reports solid third quarter performance

First year premium and total premium up 32% and 30% respectively

ING Life Limited (ING Life) has reported a strong 32 percent increase in first year premium for Q3 2009 in comparison to Q3 2008. Total first year premium for Q3 2009 was 726 million baht compared to 549 million baht in 2008. For nine months ended September, total premium rose by 30 percent from 4,194 million baht in 2008 to 5, 449 million baht in 2009.

Mr. Rajesh Sethi, President and Chief Executive Officer, ING Life, said “The strong results reflect higher sales from our productive Tied Agency and deeper partnership with TMB Bank, our Bancassurance partner.”

Over the last five years, ING Life has recorded compounded annual growth rates of 38 percent in total premium, 35 percent in the number of policyholders and 56 percent in total assets.

“While we grow our business, we continue to invest in our new customer service centre, better agency training, LEAN six sigma processes and a new policy administration system, aiming to significantly reduce our cost, enhance our efficiency as well as providing necessary support for product innovation.”

“We thank our customers for their trust. We are committed to developing high value products delivered through the most professional agents and partners in the insurance industry. We are confident that ING Life has a bright future in the Thai market,” concluded Mr. Sethi.

Standard Chartered (Thai)’s Consumer Banking launches “Bonus Marathon”

Aligned strategy with its global network to become World’s Best International Consumer Bank in chosen targets across Asia, Africa and the Middle East


Standard Chartered Bank (Thai) Public Company Limited unveils the bank’s focused strategy for the rest of 2009 to grow Consumer Banking and introduces its comprehensive campaign called “Bonus Marathon” in celebration of the bank’s major annual sponsorship the “Standard Chartered Bangkok Marathon”.

Mr. Vikram Issar, Senior Executive Vice President, Head of Consumer Banking, Standard Chartered (Thai) said the Bonus Marathon brings together a comprehensive range of products under Consumer Banking and offers special prices and privileges for customers during this last five months of 2009. This Bonus Marathon campaign aims to grow the bank’s Consumer Banking customer base aligning with its short-term and long-term strategies, and lay strong foundation to achieve the ambition shared by its global network in some 70 countries around the world to become the World’s Best International Consumer Bank in chosen markets and segments across Asia, Africa and the Middle East.

“Our short-term strategy is to use advantaged pricing, innovative propositions as well as product bundling that are attractively packaged to offer to our customers. In this Bonus Marathon campaign, we offer very competitive interest rates on our savings, mortgages and personal loan. We give away gifts to customers who purchase investment and banc-assurance products. We offer Marathon cash back on credit card from now till the end of the year.

“In the long-term, we want to achieve a more balanced Consumer Banking portfolio. We have been very successful with unsecured lending in the past. With changing market environment, we have adjusted our strategy to be more focused on chosen segments including wealth management, mortgage and SME. We want to shift our portfolio mix towards secured businesses to account for at least 70% by the year 2012. The Bonus Marathon campaign will help expand our customer base in the focused markets and segments.”

Ms. Auraratana Jutimitta, Executive Vice President, General Manager of Wealth Management, Consumer Banking, said the promotion offered in this Bonus Marathon will respond well to the needs of customers who are looking for high yield savings, attractive investment and insurance products, competitive lending and mortgage rates during this last five months of the year. The special promotion includes:

- The much-in-demand Marathon Savings. It is on the offer again, coinciding with the marathon season and marathon concept “the longer saving, the more interest”. This year’s Marathon Savings 4 offers a maximum of 2% interest rate per year with minimum amount of account opening of 200,000 baht. Customers receive interests on a monthly basis, with interest calculated on a daily basis. Adding more flexibility, customers can withdraw their savings twice a month without any withdrawal fee. Customers have until 30 September to open the Marathon Savings 4 account and receive a free gift of Marathon Sport Bag worth 1,000 baht.

- The Wealth Power account offers a maximum of 8.25% p.a. interest rate for one month for customers who open a fixed deposit account with minimum opening of 100,000 baht and purchase a life insurance with minimum premium of 25,000 baht.

- Customers will receive Marathon Combo Set as free gifts when purchasing the bundled products comprising of savings, investment and assurance.

- The unique mortgage innovation launched last year with huge market response and success, MortgageOne is now offering “Free on Four “ fees and charges including mortgage registration fee up to 200,000 baht, tax and duty fee, loan arrangement service charge and asset appraisal fee. This special offer and low interest rates, is valid for both new home and refinance customers, from now until 31 December 2009.

- For personal loan, the bank offers 0% interest for the first six months to customers with five-year installment plan, from 21 September – 31 December 2009

- Marathon Cash Back with maximum 7% cash back is offered to credit card holders of Standard Chartered (Thai) when using the card at nine hypermarkets and department stores including Tesco Lotus, Big C, Carrefour, Central, The Mall, Emporium, Siam Paragon, Robinson and Zen. The cash back offer is valid from now until 31 January 2010.

“This Bonus Marathon campaign for Consumer Banking will help strengthen and expand our customer base in chosen markets and segments. In a near future, we will be launching new business models and opening new branches in new format. These integrated strategies will transform our Consumer Banking and pave the way for Standard Chartered to become the World’s Best International Consumer Bank across Asia, Africa and the Middle East,” said Mr. Issar.

ALL-NEW NISSAN X-TRAIL MAKES IMPACT AT MOTOR EXPO 2009

NISSAN MOTOR (THAILAND) CO., LTD. presented the all-new X-Trail at the 26th Thailand International Motor Expo 2009. The public debut of the all new X-Trail has proven itself by virtue of becoming the best selling SUV in Japan for seven consecutive years. The all-new X-Trail is the perfect SUV for all lifestyles. The model X-TRAIL won No. 1 SUV sales in Japan in 2002 and 2008, seven years consecutively.


Nissan also used the Motor Expo 2009 to reiterate its commitment to the Thai government and to Thai customers in bringing a special exhibit of the Eco-car to display the sketch as well as the outstanding qualifications of upcoming and much-awaited Eco-car passenger vehicle.

Visitor to the Nissan booth will be able to view on eco-themed vehicles and technologies, in an effort to communicate the company’s goals to deliver environment-friendly vehicles that improve fuel economy and reduce gas emission.

In addition to the new lineup, visitors can also expect to see Nissan’s complete range of quality vehicles that includes the 370Z, Navara, Teana, all new X-Trail, Tiida and Tiida Latio and other exciting campaign and promotions for the Motor Expo 2009
ALL-NEW X-TRAIL

The all-new X-TRAIL sports utility vehicle (SUV), since its first introduction to the Thai market in 2005, is engineered to be a functional vehicle designed for young families who live a modern life through tough urban surroundings.

Developed under the concept of tooling, the new X-Trail delivers the latest technology, authentic design and super utility found in a compact SUV.

The all-new will be powered by a 2.0L engine (MR20DE) with XTRONIC CVT, same advanced technology as the new TEANA, customers will have a pleasure driving together with fuel efficiency.
ADVANCED TECHNOLOGY

The new X-TRAIL features an XTRONIC Continuously Variable Transmission (CVT-M6), which features a special 6-speed manual shift mode with revised shift control logic, called Adaptive Shift Control (ASC). ASC adapts to the driver's personal driving style and environment to provide a smooth ride with no shift shock , quick shift response, optimize power, fun driving, durability and fuel economy while MR20DE engine is providing high performance and good fuel efficiency same as Teana.
AUTHENTIC SUV DESIGN

The ALL NEW Nissan X-TRAIL retains the nameplate's signature styling cues, which are suggestive of the SUV's outstanding capabilities under the X-Construction design. New X-Trail design tries to keep 1st generation strong concept with enhancing some area especially in practical function to support active life style and deliver more macho image with the stronger and bolder body.

Extended wheel arches and an aggressive front bumper design give X-TRAIL a tough stance. The hood slopes to allow a clear view of the vehicle's corners and the three-dimensional taillights continue the strong look.

The new X-TRAIL's body has been stiffened for increased stability and reduced NVH. Computational fluid dynamics (CFD) were utilized to analyze and improved the X-TRAIL's body design, resulting in improved performance and fuel economy.
SUPER UTILITY

X-TRAIL's cabin is designed to allow four adults to travel in comfort and style. The new interior offers improved functionality and quality craftsmanship. The accent lines flowing from the instrument panel to the door trim enhances the roomy feeling, while new soft padding on the instrument panel, door trim and armrests add a substantial yet comfortable sensation.

X-TRAIL's rear cargo area has been substantially increased over the previous model, thanks to relocated rear shock absorbers, for a class-leading capacity of 603 liters (VDA). The cargo area features a washable luggage board and a removable luggage drawer with movable partitions, located beneath the luggage board. Moreover, the luggage area capacity can be expanded further by removing the drawer and under tray to serve your maximum load.

The X-Trail is available 4 colors such as Burning Red (AX6), Black Solid (KH3), Gray Metallic (K21) and Diamond Silver (KY0).

The both generations of the X-Trail has achieved the No.1 selling SUV status for the seven consecutive years.

Offered in the 2.0L XTRONIC CVT Model, estimated retail price (MSRP) of the all new X-Trail is THB 1,065,000.
TEANA SPORTS SERIES

The new Teana Sports Series is a complement the demand for a new sporty interior and exterior. Marketed under the concept of Luxury Sports Sedan, the Teana Sports Series marks the beginning of offering for custom and after-market parts to help thrill and exhilarate Nissan fans.
NEW AERO BODY-KIT

Luxury meets sports performance through the Teana’s a new sporty exterior. Nissan has taken a standard Teana and stylized it with the latest aero body-kits while still retaining a modern luxury feel. This enhances aerodynamic efficiency and overall high-speed driving stability, a must for the sports-minded enthusiast. Parts consist of new Smoky Front Grille, Side Skirts and Rear Spoiler.
NEW INTERIOR

Teana was designed under the concept of modern luxury and relaxation. Defined by a bodyline that is a graceful and sweeping arc. It embodies sophistication, and is known as a pioneer of the "modern living" concept, the Teana evolves the interior design to focus on relaxation for all passengers.

With its highly-functional interior, the new Teana Sports Series is equipped with memory seat, curtain airbags found exclusively on the 2.5L sports series, sunroof and a new dark interior color, thus help redefine sophistication in a luxury sedan. The new Teana Sports Series is available in both 2.0L and 2.5L models equipped with Navigator and available in only Black and White pearl colors
TIIDA NISMO (S-Tune)

Marketed under the concept of “Engineered for Enthusiastic Driving”, the 1.6G and 1.8G versions of the Tiida has been fitted with the NISMO-branded tuner aerokit parts has been specially fitted on the for an enhanced driving experience from Nissan Motorsports International Co., Ltd of Japan.

- High-performance parts to help highlight the sporty look of the Tiida and help compliment customers need for premium aerokit parts

- 5 major aerokit parts include front skirts, left and right side skirts, back skirt, roof spoilers, side NISMO stickers and S-tune stickers.

- Limited availability with only 200 units will be sold and available in the Thai market.
NAVARA CALIBRE LIMITED VERSION

The Navara Calibre Limited Version comes equipped with advanced features, making the new Navara Calibre AT a truly outstanding pick-up truck with “superior” performance in all aspects.

- Combination of unique styling, generous specification and outstanding value the Navara Calibre Limited Version is painted in White Pearl Color and available in limited numbers.

- The Navara Calibre Limited Version comes with a new and unique style bar, bed liner, front bumper guard and LED kick plates.
NAVARA CALIBRE DVD VERSION

The Navara Calibre DVD Version comes installed with state of the art touch screen DVD player with remote control from Kenwood.

- The Navara Calibre DVD Version is also styled with LED kick plates and front bumper guard.