World Tennis Champs Lend Support to Stars of Christmas 2015

Goran Ivanisevic and Jarmila Gajdosova lead Toy Run on 19th December to flag off volunteer riders delivering Christmas presents to programme beneficiaries

SINGAPORE, Nov. 30, 2015 /PRNewswire/ — The Stars of Christmas community programme jointly championed by OUE Limited (SGX-ST: “OUE”) and Mandarin Orchard Singapore is back for the sixth year running. Started in 2010, the three-part programme is aimed at engaging the community to share in the joy of giving every Christmas by contributing presents to children with special needs and illnesses. Stars of Christmas has since become an annual tradition that has gained the generous support of a growing list of corporate partners, donors and volunteers.

L to R) Thio Gim Hock, CEO and Group MD of OUE Limited, with Tan Kim Seng, COO of Meritus Hotels & Resorts, at the ceremonial kick-off of Stars of Christmas 2015.

http://photos.prnasia.com/prnvar/20151130/8521508153

Leading the cast of supporting partners are Chrysler Jeep Automotive of Singapore Pte Ltd, Komoco Motorcycles Pte Ltd (Harley-Davidson of Singapore — Sole Authorised Dealer), and Community Chest — the fund-raising and engagement arm of the National Council of Social Service. This year also sees the added participation of Marina Mandarin Singapore.

Stars of Christmas 2015 commenced with the ceremonial hanging of Christmas stars at the lobby of Mandarin Orchard Singapore, led by OUE Chief Executive Officer and Group Managing Director, Mr Thio Gim Hock. Stars adorning giant Christmas trees at Mandarin Orchard Singapore and Marina Mandarin Singapore bear the name, age and gender of every beneficiary, for donors’ useful reference when buying the presents.

On 10th December, beneficiaries of Stars of Christmas 2015 along with their parents, siblings, and caregivers, will be guests of honour at a Christmas luncheon hosted by OUE Executive Chairman, Dr Stephen Riady. The children will join employees of OUE and its affiliate companies for an afternoon of Christmas treats and entertainment at Mandarin Orchard Singapore, featuring a visit from Santa and his helpers who will be giving out presents.

Stars of Christmas 2015 ends on an unprecedented note with the participation of world class tennis players Goran Ivanisevic and Jarmila Gajdosova at a Toy Run activity that will be open to members of the public on the morning of 19th December.  The event will see a fleet of volunteers riding their Jeeps and Harley-Davidson motorcycles along the Orchard Road frontage of Mandarin Gallery. The convoy then sets off just before 9.00am, making for a festive spectacle on Orchard Road as the riders make their way to various children’s homes and hospitals to deliver donated Christmas presents.

Upwards of 800 beneficiaries will be receiving presents under this year’s Stars of Christmas community programme.

Press Contact:
Jordan Isac
Corporate Communications
OUE Limited
T: +65-6809-6052
E: jordanisac@oue.com.sg

Janice Azupardo
Branding & Communications
Meritus Hotels & Resorts
T: +65-6831-6385
E: janice.azupardo@meritushotels.com

Photo – http://photos.prnasia.com/prnh/20151130/8521508153

Islamabad Stock Exchange Market Statistics Report Monday November 30, 2015

Islamabad, November 30, 2015 (PPI-OT):

MARKET TREND:                    Bearish
COMPANIES TRADED:                 TOTAL                PLUS           MINUS        EQUAL

                                   143                  14              -129         0

INDEX POSITION:                   INDEX               Opening         Closing      Change

ISE-10 Index:                                         2824.53         2746.94      (77.59)

                                  INDEX               Opening         Closing      Change

IMI- 25 Index                                         2396.21         2346.08      (50.13)

TOTAL VOLUME:                                         Previous        Current      Change

218,500                                                 10,300        104,400      94,100

                                                      Previous        Current      Change

B to B Volume                                        6,824,100      4,597,893  (2,226,207)

VOLUME LEADERS:

Company                                         VOLUME of Shares
Pak Elektron                                        55,000
P.S.O                                               34,000
Sui Southern Gas                                     5,000

Top Gainer Pakistan Toabcco Rs. 1050.00 with an increase of Rs.+ 31.00.

Top Loser Sapphire Fibres Rs. 705.00 with a decrease of Rs. -36.25.

For more information, contact:
Islamabad Stock Exchange
ISE Towers
55-B, Jinnah Avenue, Islamabad, Pakistan
Tel: +92(51)111-473-473
Fax: +92(51)111-473-329
Email: info@ise.com.pk

Karachi Stock Exchange Stock Market Position on 30-11-2015

Karachi, November 30, 2015 (PPI-OT):

                                                    DAILY STOCK MARKET REPORT

                                             Market Position Printed On November-30-2015

COMPANIES              KSE                  KSE-30       KSE-100      KSE-ALLSHARES      KMI-30          BATi            OGTi         KMIALLSHR

Plus                    46   Current        18957.19    32255.20         22688.92        53483.00      15353.94        11955.81        15009.80
Minus                  289   Previous       19405.58    32960.27         23098.44        54524.30      15787.76        12337.17        15278.61
Unchanged               10   High           19440.86    32994.85         23116.29        54676.23      15787.76        12385.09        15305.70
Total                  345   Low            18886.18    32195.31         22657.71        53272.63      15293.99        11904.14        14979.81
                             Net Change      -448.39     -705.07          -409.52        -1041.30       -433.82         -381.36         -268.81
                             Percentage        -2.31       -2.14            -1.77           -1.91         -2.75           -3.09           -1.76

                    TURNOVER                          TRADING VALUE                         MARKET CAPITAL
Current           142,757,670                         6,984,527,602                        6,867,975,739,379
Previous          122,326,360                         6,265,735,588                        6,991,434,929,027

                                                COMPANIES REFLECTING SIGNIFICANT TURNOVER

Company Name                  Prv. Rate   Opening Rate     Closing Rate   Highest Rate    Low Rate             Turnover
K-Electric Ltd                    7.28        7.36               7.20          7.36          7.04             13,255,000
TRG Pak Ltd                      38.53       38.60              36.88         38.77         36.61              9,323,500
Silk bank Ltd                     1.88        1.82               1.88          1.96          1.82              7,425,000
Pak Elektron                     65.89       66.37              63.57         66.40         62.90              6,479,500
Jah.Sidd.Co                      20.79       20.85              19.76         20.98         19.76              4,935,500
pace(Pak)Ltd                      7.78        7.71               7.44          7.88          7.35              4,921,000
Sui South Gas                    43.06       43.12              41.33         43.21         41.10              4,883,000
Sui North Gas                    29.69       29.89              28.68         30.10         28.21              4,663,000
B.O.Punjab                        9.19        9.18               9.00          9.22          8.85              4,281,000
Byco Petroleum                   22.88       22.89              22.24         23.00         21.74              3,837,500

                                          COMPANIES REFLECTING HIGHEST INCREASE/DECREASE IN THEIR RATES

Company Name                 Increased By           Closing Rate       Company Name                Decreased By        Closing Rate

Pak TobaccoXd                     31.00                  1050.00        Exide (PAK)                     46.30              931.62
Colgate PalmoXD                    9.99                  1460.00        Hinopak Motor                   41.15             1004.02

                                                           FUTURE CONTRACT
                                TURNOVER                          Plus                       112
Current                        21,849,500                         Minus                       30
Previous                       77,292,000                                                      3

Company Name                         Prv. Rate     Opening Rate     Closing Rate     Highest Rate     Low Rate      Turnover

PAEL-DEC                                66.47           66.74          64.20             67.00            63.15     8,652,000
SNGP-DEC                                29.94           30.00          28.81             30.30            28.45     2,539,000
SSGC-DEC                                43.46           43.27          41.68             43.90            41.40     2,028,500
ENGRO-DEC                              271.93          272.00         265.65            272.50           262.21     1,428,000
DGKC-DEC                               133.34          133.00         128.88            133.50           127.35     1,053,500

For more information, contact:
S. Munawar Ali
Senir Manager
Public Relations
Karachi Stock Exchange
Tel: (92-21) 111-001122
Fax: (92-21) 3241 0825, (92-21) 3241 5136
Email: inf@kse.com.pk

Huawei smart watch wins International Accolades

Lahore, November 30, 2015 (PPI-OT):Huawei’s recently launched luxurious smart watch has set new levels of elegance in the Android smart watch world. This watch does not only possess a high tech features, its hardware is also utterly exceptional. With the wide range of casings available with the watch and the changeable straps, Huawei smart watch is the perfect fit for exercise hours and also high profile meetings.

This smart watch has recently won Sweden’s esteemed award, Good Media Award, bestowed by Swedish top ranking blog, Swedroid.se. This smart watch, since its revelation at IFA, has captured remarkable accolades and countless positive reviews from tech geniuses all over the world.

Huawei smart watch, although a bit high on the price, offers a diversified range of exciting and functional features. The staff at Huawei, while manufacturing this luxurious watch, has aimed at delivering top quality features wrapped in superbly lustrous metal body. This watch runs on Android OS, which is compatible with both Android OS and iOS. The screen of this watch is the premium character of it, which instantly captures the eye.

It has been secured by Sapphire crystals making it resistant to scratches and the HD AMOLED, 1.4 inch screen, delivers bright and vibrant display, even in striking day light. This is the only Android watch manufactured till date, to possess 400X400 with 286 ppi, which enables this watch to deliver clear and vivid display, which spreads across the face of the watch.

During strenuous exercising hours, the Huawei smart watch will keep a track of a user’s activities. Huawei smart watch’s High accuracy motion sensors efficiently mark the figures while running, walking or climbing, etc. This watch exudes a superior feel making it ultra smart and extraordinarily attractive.

After a few minutes of inactivity the screen of the watch dims slightly, though the icons on the watch’s screen are still visible. This means the users can still read the time without having to turn it on or gazing closely. The interface of this watch is also very convenient to use, checking notifications, moving between apps etc can be easily done with a single swipe of a finger.

In a nutshell, for those tech fanatics who are looking to buy their next luxurious tech watch, Huawei’s smart watch is highly recommended to them. The abundant amazing features available in such a fascinating body, make Huawei watch unbeatable and also an alarm bell for the competitors.

Tweet: Huawei smart watch winning international accolades

Hashtag: #HuaweiLuxuryWatch

For more information, contact:
Sabah Uddin Qazi
ME Brand Manager
Huawei
8th Floor, Saudi-Pak Tower, Blue Area, Islamabad Pakistan
Tel: +92-51-2800000-20
Fax: +92-51-2800008
Mobile: +92-333-5240632
E-mail: qazi@huawei.com
Website: www.huawei.com

Securities and Exchange Commission of Pakistan revamps regulatory framework for Non-Banking Finance Companies

Islamabad, November 30, 2015 (PPI-OT): The Securities and Exchange Commission of Pakistan (SECP), with the approval of Federal Government, has notified amendments in Non-Banking Finance Companies (Establishment and Regulation) Rules, 2003. The SECP has also introduced amendments in Non-Banking Finance Companies and Notified Entities Regulations, 2008 and notified Private Fund Management Regulations, 2015. The notifications regarding these amendments are available at the SECP website www.secp.gov.pk.

Through the said amendments, the regulatory framework for Non-Banking Finance Companies (NBFCs) has been revamped to make it more conducive and practicable. NBFCs have been categorized into two categories i.e. Lending NBFCs and Fund Management NBFCs.

The concept of small and mid-sized non-deposit taking NBFCs has been introduced with significantly reduced equity requirements of Rs. 50 million only. Contrary to the former regime, the companies other than NBFCs have been allowed to carry out lending activities subject to fulfilment of prescribed eligibility criteria.

A new class of NBFCs i.e. Non-Bank Micro Finance Companies along with comprehensive framework for providing finance to poor persons and micro enterprises has been introduced. The existing Non-Bank Micro Finance Institutions would also be regulated under NBFC regime.

Concept of alternative funds for high net worth investors has been introduced by prescribing a separate frame work for private fund management. This will facilitate launching of different types of funds like hedge funds, infrastructure fund, SME fund, debt fund etc. as per the risk appetite of eligible investors.

The concept of Capital Adequacy Ratio (CAR) has been introduced for deposit raising NBFCs and deposit raising ability of NBFCs has been linked with equity, credit rating and CAR requirements. Existing NBFCs have been allowed one year to comply with the new minimum equity, CAR and rating requirements.

On the fund management side, Asset management companies (AMCs) have been allowed to undertake other fund management activities i.e. REIT management services and management of private pool of funds.

For mutual fund industry, concept of Expense Ratio including reduction in management fee has been introduced to cap the maximum expenses that can be charged to a mutual fund and to improve investors’ return. Requirements for AMCs to formulate Board approved proxy voting policy, employee trading policy and conduct requirements for fund managers covering the fiduciary responsibilities have also been prescribed in line with international practices and IOSCO principles.

As part of SECP’s continuous efforts for the sustainable development of NBFCs, the amendments are intended to provide a more conducive regulatory environment for development of non-bank financial sector in Pakistan.

For more information, contact:
Shakil Ahmad Chaudhary
Head, Internal and External Communication
Securities and Exchange Commission of Pakistan (SECP)
NIC Building, 63 Jinnah Avenue, Islamabad
Tel: +92-51-9214005 or +92-51-9214009 (Ext. 378)
Fax: +92-51-9206459
Cell: +92-302-8552254
E-mail: shakil.chaudhary@secp.gov.pk
Website: www.secp.gov.pk

Foreign Secretary Aizaz Ahmad Chaudhry meets his Austrian counterpart in Vienna

Islamabad, November 30, 2015 (PPI-OT): During his visit to Vienna, Foreign Secretary Aizaz Ahmad Chaudhry met his Austrian counterpart, Secretary General Dr. Michael Linhart at the Federal Ministry of Europe, Integration and Foreign Affairs, says a press release received from Austria here today.

The Foreign Secretary briefed the Austrian side on notable gains achieved by Pakistan in the counterterrorism campaign. He also briefed him on Pakistan’s positive role in bringing peace and stability to Afghanistan as well as its efforts to facilitate Afghan reconciliation efforts.

The Foreign Secretary particularly highlighted that, as a responsible nuclear state, Pakistan has taken extensive measures in the areas of nuclear safety, nuclear security, export controls and command and control. Pakistan’s nuclear policy rests on the twin pillars of restraint and responsibility and is exclusively geared towards maintaining strategic stability in South Asia.

The two sides expressed satisfaction at the positive trajectory of bilateral relations, emphasizing the need for enhanced trade and investment. They also discussed matters of mutual interest including migration, human rights, as well as cooperation in multilateral fora. The Foreign Secretary extended an invitation to Dr. Linhart to visit Islamabad, which was accepted.

For more information, contact:
Haji Ahmed Malik
Principal Information Officer
Press Information Department (PID)
Tel: +92-51-9252323 and +92-51-9252324
Fax: +92-51-9252325 and +92-51-9252326
Email: piopid@gmail.com

Pakistan Navy’s major maritime exercise SEASPARK 2015 concludes

Karachi, November 30, 2015 (PPI-OT): A concluding session of the recently conducted Pakistan Navy’s major maritime exercise SEASPARK 2015 was held at Karachi this morning. Chief of the Naval Staff, Admiral Muhammad Zakaullah was the Chief Guest on the occasion. The exercise conducted in North Arabian Sea involved all PN units including ships, submarines and aircraft along with Special Forces and Marines. Additionally, Pakistan Maritime Security Agency (PMSA), PAF and Pak Army Air Defence elements also participated in the exercise.

Deputy Chief of the Naval staff (Operations), Rear Admiral Kaleem Shaukat, in his opening address presented an overview of the exercise outlining proceedings spread over four months. Subsequently, an exhaustive de-brief of the exercise was held in which all aspects were discussed threadbare.

Pakistan Navy remains a key player in the maintenance of regional maritime order. In this context, the exercise was aimed at assessing the operational preparedness of Pakistan Navy and consolidate various operational concepts. The exercise also afforded valuable opportunity to sharpen fighting skills of Pakistan Navy’s combat units to meet envisaged maritime security challenges.

Chief of the Naval Staff, in his concluding remarks said that the challenges at hand necessitate a constant review of PN’s operational plans through extensive war gaming and brain storming. He appreciated the professionalism displayed during the exercise and expressed satisfaction on the overall conduct of the exercise.

In the end, he urged upon all to regard this concluding session as a start to the follow-up proceedings which should lead to comprehensive review of PN operational plans by all commands. The event was also attended by a large number of high ranking officers from the three services.

For more information, contact:
Lieutenant Commander Shakeel Ahmad
Assistant Director
Directorate of Public Relations
Pakistan Navy
Tel: +92-21-20063210
Cell: +92-333-2171764, +92-300-2171038