Retail News CRM

Author: Mei Ling Tan

  • Indonesia needs 1 million tonnes of rice from Vietnam

    Indonesia needs 1 million tonnes of rice from Vietnam

    Indonesia plans to import one million tonnes of rice from Vietnam to meet the country’s high demand, according to Indonesian Ambassador to Vietnam Mayerfas.

    He made the statement at a press conference in Hanoi on December 4 to introduce an Indonesia trade fair and an Indonesia-Vietnam business forum slated for the middle of this month at the Hanoi International Centre for Exhibition.

    Indonesia also has great demand for Vietnamese coffee, the ambassador said, adding that the country imported 40-50 million USD worth of the commodity in 2014 and the figure is expected to increase from 2016.

    He affirmed that the trade fair and business forum, as part of the activities to celebrate 60 years of diplomatic ties between Vietnam and Indonesia, will be a valuable opportunity for both nations’ enterprises to bolster cooperation and set up business links.

    Some 100 Indonesian enterprises will showcase their high-quality products at the fair, including automobiles and spare parts, pharmaceutical and medical equipment, food and beverages, among others.

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  • UOB to help Jakarta draw investments

    UOB to help Jakarta draw investments

    United Overseas Bank (UOB) is linking up with an Indonesian government agency to encourage more foreign direct investment (FDI) into Indonesia.

    Under an agreement signed yesterday, the Investment Coordinating Board (BKPM) will allow UOB clients to apply for what is called a Principle Licence here without having to travel to Indonesia.

    A foreign company must obtain the licence as an initial step to incorporating an entity there.

    BKPM, which is under the direct supervision of President Joko Widodo, supports foreign investment into the country and helps Indonesian companies venturing overseas.

    UOB said it will support Indonesian investors looking to expand overseas through BKPM’s Indonesia Investment Promotion Centre in Singapore.

    BKPM will also help UOB clients take advantage of business opportunities in Indonesia.

    Last year, Indonesia was the second-largest recipient of foreign direct investment inflows into Asean, receiving US$28.5 billion (S$40.2 billion), UOB noted.

    China’s FDI into Indonesia has increased more than fivefold over the past three years, growing from US$141 million in 2012 to US$800 million last year, UOB said.

    Mr Sam Cheong, head of UOB Foreign Direct Investment Advisory, said opportunities in the region will be boosted by the upcoming Asean Economic Community.

    Under China’s “One Belt, One Road” initiatives, trade and investment between China and South-east Asia will likely continue growing, he added.

    BKPM chairman Franky Sibarani said in a statement: “(The agreement) will help to promote investments in Indonesia across major sectors, such as the infrastructure, maritime, import substitution, export-oriented, agriculture, downstream mining, industrial estate and tourism industries.”

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  • Wirecard brings mobile Tcash service to Indonesian retailers

    Wirecard brings mobile Tcash service to Indonesian retailers

    Wirecard’s Indonesian subsidiary PT Prima Vista Solusi has teamed up with PT Finnet Indonesia and PT Telekomunikasi Selular (Telkomsel) to support the acceptance of contactless, NFC-based electronic money “TCASH” at major retailers with their nationwide network.

    Customers at the retail stores can pay for their purchases and utility bills using their NFC mobile phones. Wirecard provides the NFC point-of-sale acceptance, which is integrated with the retailer’s front-end store system for optimal transaction speed and accuracy.TCASH is an electronic wallet product of Telkomsel, a subsidiary of PT Telekomunikasi Indonesia (Telkom) and Singapore Telecommunication Ltd (SingTel). The wallet enables Telkomsel’s subscribers to pay for bills, goods and services through their mobile phones, which are embedded with the TCASH NFC stickers, both online as well as point-of-sales. Telkomsel is Indonesia’s largest cellular operator with network coverage of more than 95 percent of the population in Indonesia.PT Finnet Indonesia, a joint venture between Telkom (Cq. PT. Multimedia Nusantara) and Yayasan Kesejahteraan Karyawan Bank Indonesia (Cq. PT. Mekar Prana Indah) was formally formed in January 2006 to provide IT infrastructure and services to support financial transactions nationwide. Syaiful Rahim Soenaria, Director of Business and Services, PT Finnet Indonesia (Finnet) stated: “Finnet is proud to engage strong partners like Wirecard Indonesia to continuously expand our service infrastructure, as well as bringing in innovative value-added solutions for our clients in Indonesia. It is our goal to provide the public sector with a good variety of electronic payment transaction methods for more convenience and security.”

    Ms Widhayati Darmawan, Managing Director of PT Prima Vista Solusi said: “The partnership with Telkomsel and Finnet to broaden TCASH acceptance in major retailers in Indonesia is a showcase of Wirecard’s commitment in providing relevant technologies to facilitate cashless transactions. With an approximately 250 million population and sizeable unbanked segment, Indonesia presents good potential in terms of the addressable market for electronic money and micro payment solutions.”

  • Inside the new Valentino Bangkok boutique

    Inside the new Valentino Bangkok boutique

    A new Valentino Bangkok boutique has opened in the upmarket Emquartier shopping centre on Sukhumvit.

    Valentino Emquartier Bangkok 3

    The store has 380 sqm of floor space in what the fashion brand describes as “a one-of-a-kind brand experience” which “caters to an elite clientele, serving both its male and female clients in a single location”.

    Valentino Emquartier Bangkok 2

    As the photos show, the design is contemporary and minimalist, creating a sense of space with matching stone textured walls and floors and simple wooden display cabinets.

     

    Valentino, founded in 1960, is headquartered in Milan, Italy.

    Valentino Emquartier Bangkok 1

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  • Thailand among top 10 investors in Vietnam

    Thailand among top 10 investors in Vietnam

    The new face from Thailand on the Vietnam stock market is Ton Poh Thai Fund – an investment fund that purchases shares through transactions on the bourse.

    As of October 31, Ton Poh Thai Fund had net assets of about $135 million. Last year, the profitability ratio of this fund reached 25% and 20% on average during the past 10 years.

    Ton Poh currently owns 2.5 million shares of Cotec Construction JSC (5.79%); 1.2 million shares of Kien Giang – Superdong Speedboat JSC (5.02%) and 11.37 million shares of Hoang Huy Services Investment JSC (4.88% of capital).

    The number of shares held by Ton Poh is not large, but the fund has potential and is expected to continue disbursing capital on Vietnam’s stock market in the coming time.

    Thai businessman Chatikavanij established this fund in 2005, expecting to capture investment opportunities following the 1997-1998 financial crisis in Thailand. The fund with over $130 million has invested in 10 to 15 types of shares for the medium- and long-term.

    If Ton Poh is getting “acquainted” with investment in Vietnam, many Thai corporations have targeted Vietnamese businesses through direct and indirect investment forms.

    In the retail sector, Berli Jucker of Thaibev, which is owned by the second richest man in Thailand, billionaire Charoen Sirivadhanabhakdi, now takes a controlling share in Vietnamese firm Thai An, thereby controlling 99% stake in Phu Thai Group.

    BJC Thailand has bought Metro Vietnam while Central Group through Power Buy bought 49% shares of NTK, the owner of Nguyen Kim Trading Company, a big name in electronic product distribution in Vietnam.

    In the food industry, Thaibev has obtained ownership of Fraser & Neave (F & N) – the largest drink group in Singapore, which currently holds 11% stake in Vinamilk, Vietnam’s largest dairy product producer. CP Group has set a firm foothold in the Vietnamese livestock market.

    In the industrial sector, Thailand’s SCG has acquired Prime Corporation, through The Nawaplastic Industries. SCG also owns more than 20.4% of the shares in Binh Minh Plastics JSC and 23.84% stake in Tien Phong Plastic JSC.

    PTT, Thailand’s oil and gas corporation, has recently expressed its intention to invest in Nhon Hoi petrochemical project in Binh Dinh province.

    In the field of logistics, Kan Air of Thailand is now part of a joint venture with Vietjet Air of Vietnam that will establish ThaiVietjet Airlines with 51% of capital from Air Kan and 49% from Vietjet Air.

    This joint venture was licensed in late 2014 and began operating on March 29, 2015. Thai Vietjet will operate domestic flights in Thailand as well as international routes from Thailand to destinations in the region like Myanmar, Laos and Cambodia, to expand the flight network from Vietnam exploited by Vietjet Air.

    Later this year, the ASEAN Economic Community (AEC) will be formally established. AEC will become a single market. Accordingly, goods, services, investment, capital and skilled labor will flow freely between countries in the bloc. Thai capital flow into Vietnam will skyrocket.

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  • Samsung’s Galaxy phone most valuable brand in South Korea

    Samsung’s Galaxy phone most valuable brand in South Korea

    South Korean tech giant Samsung Electronics’ Galaxy smartphone was selected as the most valuable brand in South Korea for the fifth consecutive year, a survey showed Sunday.

    The Samsung Galaxy phone ranked first in the brand survey by Seoul-based market researcher Brandstock, followed by E-Mart, a discount store chain by retail giant Shinsegae Co.

    Incheon International Airport, South Korea’s gateway airport, climbed up one notch to take third place.

    Kakao Talk, South Korea’s biggest mobile messenger with 47 million users, and Naver, the nation’s No. 1 Internet portal, came next, the researcher said.

    The brand value of German automakers suffered after Volkswagen admitted that millions of its diesel cars worldwide were equipped with software that was used to cheat on emissions tests.

    BMW’s rank tumbled from 12th to 31st, and Volkswagen, which ranked 71st last year, dropped out of the top 100, following the emissions cheating scandal, it said.

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  • Cafe concept a huge boost for Muji Singapore

    Cafe concept a huge boost for Muji Singapore

    The recently opened cafe inside the Muji Singapore store on Orchard Rd has had a huge impact on the store’s overall trading.

    In an extensive feature written by the Straits Times and published online by Asia One, which details the trend of merging dining with traditional retail offers, Muji Singapore GM Jasmine Sng has revealed the store’s sales have increased 40 per cent since the cafe began trading.

    “Customer traffic has increased. The cafe draws customers to the store and, after a meal, they usually shop at the retail section too.”

    The 122 sqm Muji cafe opened in early September as part of an expansion and renovation of the Japanese lifestyle department store in the Paragon shopping centre.

    The brand operates its Cafe&Meal dining concept in 23 stores in Japan as well as in Chengdu, Taiwan and Hong Kong.

    The Cafe&Meal concept is described as “minimalist chic” (much like a lot of Muji’ anti-brand product range) featuring simple natural wood furniture in a plain, modern backdrop fitout.

    The menu will feature Japanese deli-style foods using locally-sourced ingredients, with a broad range of desserts.

    Customer Diana Low, 35, who visits a Muji outlet at least once every two weeks, told the Straits Timesthat Cafe&Meal has created a better shopping experience at Muji.

    “It completes the lifestyle concept of Muji and makes me want to linger longer in the store and spend more,” she said.

    Muji is just one of a growing number of stores adding a food and beverage offer to their retail space to enhance dwell time, broaden their product offer and to provide an in-store experience which cannot be replicated online.

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  • Foodpanda Singapore to deliver food in 30 minutes

    Foodpanda Singapore to deliver food in 30 minutes

    foodpanda is promising to drastically reduce delivery time in Singapore to 30 minutes. This, it said, will be achieved by its own fleet of over 500 couriers, along with advanced delivery technology.

    “foodpanda’s service is all about delivering the most popular dishes around Singapore from kitchen to doorstep as quickly as possible. Having our own foodpanda fleet of riders means our service is now more consistent and speedier than ever, ensuring food consistently arrives on time,” said Jakob Angele, CEO for foodpanda Singapore.

    Using proprietary technology with advanced algorithm, delivery routes of riders are intelligently optimized.

    Recently, it signed partnerships with new healthy and popular restaurants to offer an even wider choice of healthy options at home and in the office. New partner
    restaurants include Sushi Burrito, District 10, The Assembly Ground and Nandos.

    foodpanda also exclusively offers delivery of hearty soups, stews, salads and sandwiches from The Soup Spoon.

    Anna Lim, Executive Director of The Soup Spoon Pte Ltd, says foodpanda’s fleet has allowed them to focus on more pressing elements such as service and the quality of food.

    “With foodpanda, we don’t have to dispatch our own staff or hire a third party delivery company anymore, which saves us an incredible amount of time,” she said. “We are also very pleased that each driver now has a receipt printer allowing them to have a copy of the bill – a common customer request.”

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  • Monica Vinader Hong Kong opens at Harbour City and Sogo

    Monica Vinader Hong Kong opens at Harbour City and Sogo

     

    A year since the opening of its first store at IFC Mall, jeweller Monica Vinader has opened a second store at Harbour City in Kowloon and a counter at the prestigious department store Sogo.

    Monica Vinader Hong Kong

    “I am honoured that the brand has been so well received in Hong Kong, which is such a sophisticated, international city,” said Monica Vinader, CEO & founder of the brand.

    The new Monica Vinader Hong Kong store’s interior features custom fixtures and fittings that create a vibrant and welcoming luxury shopping environment.

    Monica Vinader Hong Kong 1

    It offers all the Monica Vinader collections, from the recognisable Friendship bracelets, to bespoke cut gemstone jewellery and contemporary diamond collections.

    The retailer’s complimentary, same-day engraving service, offered in Monica Vinader stores around the world, will also be available from the Harbour City boutique. Customers will be able to engrave personal messages, motifs or hand-drawn doodles onto bracelets and pendants to make them truly unique.

    The store is located on Level 3 of Ocean Terminal and trades from 10am to 10pm.

    Monica Vinader Hong Kong 2

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  • Xiaomi Redmi Note 3, Mi Pad 2 unveiled in China

    Xiaomi Redmi Note 3, Mi Pad 2 unveiled in China

    Xiaomi has this week launched two new devices to its ever growing lineup, namely the Xiaomi Redmi Note 3 phablet and the Xiaomi Mi Pad 2 tablet.

    While these two devices probably won’t be heading across the Pacific (or Indian Ocean, for that matter) any time yet, it’s worth noting just how impressive these two devices are.

    The Redmi Note 3 for one features a 5.5-inch 1080p display, up to 3GB of RAM, a MediaTek Helio X10 processor with eight cores, and up to 32GB of internal storage. There’s also a huge 4000mAh battery in its wholly metal boody, a fingerprint sensor at the rear, and will ship with Android Lollipop.

    xiaomi redmi note 3 1

    The cameras are also impressive, sporting a 13MP rear and 5MP front camera combo, with the rear sporting a two tone flash setup.

    The most impressive thing though? It’s price. At launch, the device will retail for RMB 899 in China, or around US$140 in the States. That’s ludicrous value.

    But not stopping there, the company also outed an iPad mini 4 competition in the Mi Pad 2.

    And yes, it looks just like the iPad. That’s somehow not such a terrible thing though, especially since the Mi Pad 2 now features a 7.9-screen with a 2046×1536 display, an Intel Atom heart, and a depth of only 7mm.

    xiaomi mi pad 2

    Arguably, the Mi Pad 2 won’t keep up with the iPad mini 2 or Microsoft Surface Pro 3 in a straight line, but it’s going to retail for around US$200 in China — or about three times less than the cheapest last generation Microsoft Surface.

    Other specs include a huge 6190mAh battery, an 8MP rear 5MP front camera combo, 2GB of RAM and up to 64GB of internal storage. The company has also bolted a USB Type-C port on it for charging and data transmission. And lastly, there’s a Windows 10 option, which should appease some doubters if this device ever does make it west.

    Unfortunately, the company didn’t launch the Xiaomi Mi 5 at the event, but these two devices at least hint at Xiaomi’s targets for 2016.

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  • Diesel unveils retail expansion plans

    Diesel unveils retail expansion plans

    Fashion brand Diesel is ramping up its global expansion, with plans to open an 80sq m standalone store in Haikou Meilan International airport in the Hainan district to complement its recent opening in Panama Tocumen International airport’s retail plaza.

    The retail expansion marks an exciting period for the company, with also another shop in shop opening planned at the end of the year at Tel Aviv Ben Gurion airport with JR Duty Free. The Italian brand is also to undergo a refit of its boutique outlet inside Qatar Duty Free’s Junction store at Hamad International airport.

    Head of Travel Retail Michele Turrin was very enthusiastic about the company’s expansion prospects: “Historically Japan has been our strongest market and in China we have plans of further developing our existing stores network both in domestic and travel-retail. Haikou is one of these projects” he told DFNIonline.

    “Middle East travel-retail is interesting with new developments in the region. We opened last year in Doha with a very successful POS in Qatar Duty Free Junction fashion store. We’re also looking very seriously at the Midfield Terminal in Abu Dhabi. We’re confident we can do well in the GCC [Gulf Cooperation Council] where we have nearly 40 domestic stores, the brand is well positioned and enjoys a good reputation.”

    The company says it is also in discussions with some key airports to deploy pop-up store units, although Diesel did not mention who and in which location when DFNIonline pressed on this issue.

    Diesel has had a successful retail operation in travel-retail. Its innovative product, the JoggJeans, has had superb traction in this space, representing already around 20% of an average turnover at Diesel’s travel-retail stores. Its dominance of the denim market is also profound, with the JoggJeans, in some locations, representing up to 60% of the jeans category turnover – and around 30% of its travel-retail store sales.

    “Usually denim is considered a difficult sell, but because of the strength of the brand, the denim category has achieved unexpected high sales at all of our stores. We initially thought not to dedicate denim as much space to an airport location, but after analysing the results we slightly changed our formats to accommodate enough space in this category. We are “masters of denim” and our JoggJeans represent our USP in the market.”

  • Ho Chi Minh City is the second most expensive retail location in Southeast Asia

    Ho Chi Minh City is the second most expensive retail location in Southeast Asia

    A downtown spot costs $150 a square feet a year, even more than prime locations in Bangkok. A global property survey has named Ho Chi Minh City downtown as one of the most expensive retail locations worldwide.

    The southern metropolis, which is the largest commercial center in Vietnam, ranks 32 out of 65 cities featured in the latest version of Cushman & Wakefield’s annual research “Main Streets Across the World.”

    Locations on a “prime high street” in the city, such as Le Loi, Nguyen Hue or Dong Khoi, cost an average of US$150 a square feet a year. In Southeast Asia, that rate is after Singapore’s $336.8.

    That compares to $125.4 in Bangkok, $111.3 in Kuala Lumpur and only $56.4 in Metro Manila.

    It is equal to the rent in Israel’s Tel Aviv, whose GDP per capital in 2014 was $42,614 and more than eight times that of Ho Chi Minh City.

    The world’s most expensive road, according to the research, is Upper 5th Avenue in New York, followed by main streets in Hong Kong, Paris and London.

    Streets in Tokyo and Seoul are also in the top ten.

  • Swarovski partners with DFS on in-store styling

    Swarovski partners with DFS on in-store styling

    Swarovsiki and DFS in Hong Kong and Macau are partnering this Christmas with Asia’s first in-store styling service offering customers complementary hand decoration.

    The new service was launched on 21 November in T Galleria by DFS stores in both territories, with Swarovski stylists providing the exclusive consultation on the Swarovski crystal designs.

    The new ‘exclusive service’ is being made available during selected times within DFS’ stores in Canton Road and Tsim Sha Tsui East in Hong Kong, as well as at the City of Dreams and Shoppes at Four Seasons in Macau.

    Swarovski partners with DFS

    Commenting, Karen Tse, Director, Travel Retail Asia Pacific, at Swarovski, said: “Swarovski empowers women to make their every day extraordinary and this is an example of how we bring our mastery of crystal cutting and passion for jewellery design to life.

    “We are excited to partner with DFS Group for this very first in-store styling experience that brings travellers an extra touch of Swarovski sparkle when visiting T Galleria by DFS in Hong Kong and Macau.”

    Swarovski DFS up close

    A close up-view of the hand decoration process.

    Adding his comments, DFS Group’s Jason Blejwas, Director of Merchandise, Sunglasses, Fashion Watches & Jewelry, Global Merchandising said: “DFS is excited to partner with Swarovski in presenting this premier tailor-made activation in our T Galleria by DFS Hong Kong and Macau Swarovski boutiques.

    “Through exclusive events such as Swarovski’s holiday hand decoration activation, we are able to create a dynamic and delightful experience for our customers and continue to deliver on our promise to be the world traveller’s preferred destination for luxury shopping.”

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  • Thai e-commerce poised to touch $58b in 2015; rise in online shopping, 4G services to push growth

    Thai e-commerce poised to touch $58b in 2015; rise in online shopping, 4G services to push growth

    The Thai e-commerce market is forecast to grow 3.65 per cent from 2.03 trillion baht ($56.66 billion) in 2014 to 2.1 trillion baht ($58.61 billion) this year, according to the Electronic Transactions Development Agency (ETDA).

    The ETDA’s survey cites that top three verticals that account for the highest income from e-commerce in 2015 are accommodation and food services worth 658.9 billion baht ($18.39 billion), followed by manufacturing 350.29 billion baht ($9.78 billion) and retail and wholesale 325.08 billion baht ($9.07 billion).

    The B2C e-commerce in 2015 will rise 15.29 per cent from 410 billion baht ($11.44 billion) in 2014, and the B2G will surge 3.96 per cent from 390 billion baht ($10.88 billion) last year. However, the B2B e-commerce is expected to slightly shrink by 0.34 per cent from 1.23 trillion baht ($34.33 billion) in 2014.

    “Thai e-commerce market remains highly attractive as more people open up to online shopping. Also, 4G will drive the growth of the e-commerce market in Thailand,” ETDA’s chief executive officer Surangkana Wayuparb said.

    In early November, Ascend Group announced to invest 5.3 billion baht ($147.92 million) to expand its e-commerce businesses, ‘iTrueMart’ and ‘Weloveshopping’, into ASEAN countries.

    It plans to invest in warehouses, logistics and marketing activities in the Philippines this year, followed by six other countries – Indonesia, Malaysia, Vietnam, Singapore, Myanmar and Cambodia – in 2016.

    “We aim to be the e-commerce market leader in ASEAN by 2018,” Punnamas Vichikulwongsa, president of Ascend Group, told local media.

    A report by Euromonitor International states that the B2C e-commerce market for retail in the AEC will surge by 20 per cent per year from nearly $5 billion this year to $7 billion in the next two years.

    Considering Thailand as a centre of the ASEAN, foreign investors have eyed on the opportunities to use Thai e-commerce market as a springboard to other countries.

    Japan’s e-commerce solution provider Transcomos, for example, recently made a joint venture with Ookbee, a Thailand-based leading e-bookstore platform, to tap into the e-commerce business under Ookbee Mall.

    Even the world’s top e-commerce site Alibaba is in talks with Thailand’s Crown Tech Advance to co-invest in both logistics and e-commerce in Thailand. However, both companies have not finalised the deal yet.

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  • Finalists for the Asia CEO Awards 2015 announced

    Finalists for the Asia CEO Awards 2015 announced

    Asia CEO Awards 2015 has announced the outstanding companies and individuals who made it to list of finalists across its 13 award categories.

    Finalists for KMPG Executive Leadership Team of the Year include Clark Development Corporation, Concepcion Industrial Corporation, Hedcor, Inc., Integrated Micro-Electronics, Inc., Magsaysay Maritime Corporation, Megaworld Corporation, PAG-IBIG Fund, Philex Mining Corporation, Pointwest Technologies Corporation, and Security Bank Corporation.

    SyncHRony Global Top Employer of the Year awards finalists are ADP Philippines, Inc., ANZ Global Services and Operations Manila, Inc., Capital One Philippines Support Services Corporation, Cognizant Technology Solutions Philippines, Inc., HSBC Electronic Data Processing (Philippines), Inc., IBEX Global Solutions Philippines, Inc., LBC Express, Inc., and TATA Consultancy Services (Philippines), Inc.

    The finalists for the Smart Enterprise Global Filipino Executive of the Year Award are Andrew Tan, chairman of Alliance Global Group, Inc.; Arnel Paciano Casanova, presi- dent and CEO of the Bases Conversion and Development Authority; Arthur Tugade, pres- ident and CEO of Clark Development Corpo- ration; Arthur Tan, president and CEO of In- tegrated Micro-Electronics, Inc.; Gilda Pico, president and CEO of Land Bank of the Philippines; Marlon Rono, president of Magsaysay Maritime Corporation; Oscar Reyes, president and CEO of Manila Electric Company (MERALCO); Darlene Marie Berberabe, president and CEO of PAG-IBIG Fund; Frederick Go, president of Robinsons Land Corporation; Alberto Villarosa, chairman of Security Bank Corporation; and Riza Mantaring, president and CEO of Sun Life of Canada (Philippines) Inc.

    JLL Expatriate Executive of the Year Award finalists are Mark Woolfrey, managing director of ANZ Global Services and Operations Manila, Inc.; Tom McCormick, COO of Capital One Philippines Support Services Corporation; Pushkar Misra, president and CEO of Hinduja Global Solutions Philippines, Inc.; David Sutherland, global CEO of International Care Ministries; and Michael Raeuber, group CEO of Royal Cargo, Inc.

    ADP Service Excellence Company of the Year Award finalists are Acquire BPO, Cognizant Technology Solutions, Healthway Medical Clinics, Inc., Infosys BPO Ltd., Lorma Medical Center, Magsaysay Maritime Corporation, Regus Global Service Center, and Seda Hotels.

    SHORE Solutions Most Innovative Company of the Year Award finalists are Bronzeoak Philippines, Inc., LBC Express, Inc., My Checkpoints (Mo-Anima, Inc.), and WiPro Philippines.

    The finalists for the Capital One Young Leader of the Year Award are Raymond Arnedo Abrea, president and CEO of the Abrea Consulting Group, Inc.; Scott Stavretis, CEO of Acquire BPO; Delfin Agnelo Wenceslao, director, president and CEO of D.M. Wenceslao and Associates, Inc.; Iyah Enciso, CEO of FAD School for Modelling; Mario Berta, founder and CEO of Flyspaces.com; Leandro Legarda Leviste, president and CEO of Solar Philippines; Apollo Tiglao, president and CEO of Subic Water and Sewage Co., Inc.; Bryce Maddock, CEO of TaskUs; and Clarissa Isabelle Delgado, CEO of Teach for the Philippines, Inc.

    ADEC Innovations Green Company of the Year Award finalists are Accenture, Inc., Emotors, Inc., Hedcor, Inc., Meralco Industrial Engineering Services Corporation (MIESCOR), Ten Knots Development Corporation/El Nido Resorts, and Tuks+Oil Technology.

    Technology Company of the Year Award finalists include Accenture, Inc., CreditBPO Tech, Inc., Eco-Systems Technologies, Inc., Elabram Systems Group, Freelancer.com, TATA Consultancy Services (Philippines), Inc., and 24/7 Philippines.

    The I-Remit Heart for OFWs Company of the Year Award finalists: ACM Landholdings, Inc., ASKI (Alalay sa Kaunlaran) Global Ltd., Ayannah Information Solutions, Inc., PAG- IBIG Fund OFW Center, PJ Lhuillier Group of Companies, and The Global Filipino Investors, Inc.

    ICM CSR Company of the Year Award finalists: ADP Philippines, Inc., ANZ Global Services and Operations Manila, Inc., BPI Foundation, Capital One Philippines Support Services Corp., Citinickel Mining and Development Corp., Cognizant Technology Solutions Philippines, Inc., Convergys Philippines, Dell Philippines, HSBC Electronic Data Processing (Philippines), Inc., JPMorgan Chase & Co., Megaworld Foundation, Inc., PMFTC, Inc., and Wipro Philippines.

    Philippine Airlines Hospitality Destination of the Year Award finalists: Acacia Hotel Manila, Marriott Manila, New World Makati Hotel, and Nurture Wellness Village.

    TCS ASEAN Company of the Year Award finalists: Hedcor, Inc., Integrated Micro-Electronics, Inc., Jones Lang LaSalle Philippines, Inc., Multimedia Development Corporation, Pointwest Technologies Corporation, and WiproPhilippines.

    Presented by PLDT Alpha Enterprise, the Asia CEO Awards is set to be one of the biggest events of its kind in the Asia Pacific re- gion. Over 1,200 business leaders from the Philippines and across the world are expected to attend this special occasion, which will culminate on November 11, 5:30 p.m., at the Grand Ballroom of the Marriott Hotel Manila.

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