The chief executive and chief financial officer of struggling satellite company NewSat were ousted this week as the company tries to sell off its assets following ongoing financial troubles. The positions held by NewSat CEO Adrian Ballintine and CFO Mark Spragg had been rendered “surplus to NewSat’s needs”, the company’s administrators said today. They revealed Ballintine had been made redundant last Friday and Spragg let go yesterday. Ballintine founded NewSat in 1987 and had been its CEO since 1999.
Inference Solutions has appointed former Telstra group manager David Stone to the role of Asia Pacific vice president of sales. Stone was previously group manager for contact centre solutions sales for Telstra. His prior experience also includes management of UK-based emergency contact centres, executive management for a leading contact centre outsourcer, and sales Director for iTa (acquired by Nuance).
Facebook has partnered up with a second advertiser in Hong Kong in an attempt to expand its ad business in China, which has blocked major Western social networking websites, reports our Chinese-language sister paper Want Daily. Facebook made the move to attract Chinese companies onto a platform it claims will boost their sales and reputation. Facebook is targeting Chinese game developers and publishers such as Youzu Interactive in particular, according to the Wall Street Journal.
BEIJING: Twitter has opened a Hong Kong office, its first in the Greater China region, the company whose microblogging services are blocked on the mainland said on Tuesday. The office, to be headed by Twitter executive Peter Greenberger, will allow the San Francisco-based company to tap China for advertising revenue, the company said, even if internet users on the mainland cannot see those ads.
Australian businesses need to prepare to evolve into ‘digital businesses’ and that will see huge disruption to the marketplace for every industry, according to Gartner research director, infrastructure software, Michael Warrilow. Speaking at Gartner Predicts 2015, Warrilow said, “A head of a major hotel chain told me that he now sees AirBNB as his biggest competitor.”
People across Asia Pacific are working in new ways, at varying times and from different locations. They can work from home or semi-permanent locations including project sites, customer event sites or even on-the-go. The era of connectivity and technological speed has improved internal and external collaboration while enhancing employee engagement within and between organizations that transcends geographies.
Cloud challenges plague many Singapore businesses today, suggests a survey conducted by Enterprise Management Associates (EMA) on behalf of iland. In fact, 86 percent of Singapore respondents reported they experienced at least one unexpected obstacle with their Infrastructure as a Service (IaaS) provider, and downtime, performance, support and pricing topped the list of issues. Despite the reported challenges, companies continue to pursue cloud adoption as they seek to curb shadow IT (35 percent) and achieve faster scaling of existing workloads (53 percent), faster deployment of new workloads (49 percent) and less application downtime (45 percent).
TAIPEI: Taiwan’s export orders are set to reach new heights this year, after October orders doubled market expectations as global retailers rushed to meet year-end sales for smartphones. The strong figures come on vibrant demand for Apple Inc’s newest iPhone 6 and 6 Plus, which include dozens of parts made by many Taiwanese technology manufacturers. The strength in demand underpinning export orders should propel the value of the island’s orders to a record high of around US$480bil (RM1.61tril) this year, the government said.
SMARTPHONE ownership continues to grow in South-east Asia, with total sales in seven key markets hitting a new high of nearly 120 million units in the past 12 months. A GfK press statement released on Tuesday said smartphone sales in Singapore, Malaysia, Thailand, Indonesia , the Philippines, Vietnam and Cambodia reached over US$16.4 billion over the period. The latest findings for the region reflect a spike in smartphone (including phablet) sales by 44 per cent in volume and 24 per cent in value, compared to the same period a year ago.
BANGALORE: Infosys has increased the salaries up to Rs 6 Crore for its executives, including executive vice-presidents and a few vice-presidents reports rediff.com. A rise in their pay packages includes some of the recent recruits from German enterprise software maker SAP, the previous employer of Infosys chief executive Vishal Sikka. Kris Lakshmikanth, chief executive and managing director of executive search firm Headhunters India said, “After this, you might see at least 30-40 executives in other Indian IT firms joining the $1-million salary club.”
TOKYO — Sony expects its annual loss to swell to US$2 billion and has canceled dividends for the first time in more than half a century after writing down the value of its troubled smartphone business. Citing intense competition, especially from Chinese rivals, Sony said Wednesday it anticipates a net loss of 230 billion yen (US$2.15 billion) for the fiscal year that ends March 31, 2015. Its previous forecast was for a 50 billion yen (US$466 million) net loss.
Mainly because Qualcomm has offered an inexpensive 4G chip solution to compete with Taiwan-based MediaTek and market competition for 4G smartphones among China-based vendors has been heating up, prices for a 4G smartphone have dropped to below US$200 and are expected to further slip to below US$100 in the first half of 2015, according to Taiwan-based supply chain makers.
GfK, one of the world’s largest research company, revealed in a report last week, adding that the top three growth markets for smartphones according to sales volume in the first quarter were Indonesia, Vietnam and Thailand, which recorded 68%, 59% and 45% increased sales, respectively. Indonesia is also the largest market, with consumers purchasing over 7.3 million units or two-fifth of the region’s smartphones. Meanwhile, the percentage of smartphone sold in Vietnam in the first quarter had surpassed featured phones, reaching 55%, the Germany-based market researcher reported.
Inventec has released its financial report for the second quarter of 2014, recording consolidated revenues of NT$104.9 (US$3.5 billion), gross margin of 5.3%, net operating profit of NT$1.68 billion, net profit of NT$1.48 billion and net EPS of NT$0.41. Commenting on the reduced profits in the second quarter compared to the first, Inventec pointed out that the drop mainly resulted from exchange losses, but the company’s gross margin in the second quarter was better than the first and is expected to stay at around the same level in the second half.
On a trip to Beijing a decade ago, Bill Gates was asked by a senior government official how much money Microsoft Corp made in China. The official asked the interpreter to double check Gates’ reply as he couldn’t believe the figure was so low. It’s a problem that hasn’t gone away. Indeed, Microsoft’s current issues in China conceal a deeper problem for the U.S. software giant – despite the popularity of its Windows operating system and Office suite, few people in emerging markets are willing to pay for legitimate copies.
Cloud computing is the future of business in Asia, and companies around the region are beginning to jump on board the train, although infrastructural and regulatory challenges remain, according to the Economist Corporate Network’s recent report. Given the immense cost-saving, convenience and efficiency benefits brought about by cloud-based services, Asian firms have been eager to invest in internet technology for their business. Almost a fifth of Asian-based enterprises are actively converting most of their IT capabilities into cloud, “on-demand” or other utility models, indicative of a technologically forward-looking culture, according to the study.
Aug 05, 2014 (LBT) – Huawei, a leading global information and communications technology (ICT) solutions provider, today announced the business performance of its Consumer Business Group (BG) for the first half of 2014. During this period, Huawei shipped a total of 64.21 million devices. Smartphones accounted for 34.27 million units, showing an impressive year-on-year increase of 62%. This growth also reflected the success of the launch of several flagship premium smartphones such as the Huawei Mate 2 4G and Ascend P7 which are gaining popularity amongst consumers worldwide.
Embraced by international organizations as well as public and private sector leaders in India, the Confederation of Indian Industry (CII) and the Global Coalition for Efficient Logistics (GCEL) officially released of the India Trade Efficiency Assessment, conducted by GCEL’s research team in cooperation with the India Ministry of Shipping, Indian Institute of Management Udaipur (IIMU) and CII. The assessment diagnosed India’s trade practices against what technology makes possible today and recommends how India can capitalize on its technology and human capital strengths to reduce its annual trade costs by USD 40.5 billion, increase trade by USD 161 billion, access a new USD 6 trillion services market opportunity and creating a USD 1 trillion SME fund thus generating millions of jobs.
TAIPEI: Taiwan’s Acer Inc saw quarter-on-quarter shipments growth that exceeded the PC industry average in the April-June period, the company’s chief executive said. The beleaguered computer maker, which eked out a net profit in the first quarter after three straight quarters of losses, has turned a corner and will remain “on track” in the third quarter, chief executive Jason Chen told reporters. The comments were reported by Taiwanese media on Friday and confirmed to Reuters by a company representative.
If Tomoko Namba had followed conventional wisdom, DeNA (TYO:2432) would never have existed. She had made partner – only the third Japanese woman ever- at prestigious consulting firm McKinsey and Company after only ten years. Only three short years later, she left that left behind to found her own company. Initially conceived as an online auction service, DeNA struggled to attract users and profits. But in 2009, DeNA started to explore the gaming industry. One year later, titles like Kaito Royale caught fire and its valuation skyrocketed, giving a Namba net worth of nearly a US$1 billion and propelling her to the upper echelons of Japanese society.