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KPMG hires head of debt advisory for Asia

Source: 
KPMG

Richard Dawson joins KPMG as head of debt advisory, based in Hong Kong. In his new role, Richard will build a team to establish and grow the debt advisory business in China and Hong Kong, with a broader remit to cover the Asia-Pacific Region.

Prior to joining KPMG, Richard worked for 14 years at RBS and ABN AMRO. Most recently he was head of Corporate & Structured Debt Capital Markets for RBS in Asia-Pacific and previously as Global Head of Syndicated Loans at ABN AMRO.

Resolving online payment problems increases income long term, says eBay India

Source: 
The Hindu Business Line

Taking care of buyers may cost money in the short-term, but will make more money in the long-term, Chittu Nagarajan, head of Community Courts for eBay and PayPal said.

She adds online dispute resolution – or ODR – is about getting customer problems resolved quickly and efficiently, so that the merchant can get back to business and the customer is completely satisfied.

Video interview: Leveraging China's insatiable demand for luxury

Source: 
CNBC

Aaron Fischer, head of Asian consumer & gaming research at CLSA Asia-Pacific Markets, a financial consultant firm, says investors can get solid exposure to China's luxury goods demand by buying Hong Kong listed retailers such as Emperor Watch & Jewelry and Chow Sang Sang. 

Philips' names new head of global domestic appliances biz

Source: 
Business Standard

Philips on 13 December said the head of its Indian electronics division, Murli Sivaraman, will take over as the global head of the firm's domestic appliances business.

Sivaraman – who is the Philips Electronics India vice chairman and managing director – will head the group's global domestic appliances business and will be based out of Shanghai in China.

Sivaraman will be replaced by Rajeev Chopra, who is currently head of Philips Lighting India.

Jewellery tops online product sales in India, says eBay

Source: 
Business Standard

India's e-commerce sector is getting a good response from rural and tier III cities, Sharat Digumarti, head of Operations at eBay India, said at the launch of the eBay India census 2010 in Hyderabad.

China's Xinjiang to receive 50m tourists by 2015

Source: 
chinaeconomicreview.com

China’s Xinjiang Uyghur Autonomous Region plans to receive 50 million tourists by 2015, according to Yinamu Nasirding, head of the Xinjiang government's tourism department.

"We have welcomed more than 25 million tourists from outside Xinjiang so far this year, and we plan to double this number by 2015," said Nasirding.
 

HSBC builds Asian equity team to drive business growth

Source: 
HSBC

HSBC recently announced a series of new appointments across its equity functions within Global Markets in Asia Pacific to drive business growth within the sector.

Chetan Patni was appointed Managing Director, Head of Execution and Sales Trading, in India. Mr Chetan will be jointly responsible for HSBC’s Indian equities business with Haresh Shivdasani, Managing Director, Head of Equities. Mr Chetan reports to Rakesh Patel, Managing Director, Head of Equity Sales and Trading, Asia Pacific. Prior to joining HSBC, he was an Executive Director at J.P.Morgan India.

1st China-made jumbo jet due 2014

Source: 
China Economic Review

China's first locally made jumbo jet could take off as early as 2014.

Chen Jin, marketing head of China Commercial Aircraft Corp., said the jumbo jet will have new generation engines, superior to those of the Boeing 737. It will feature increased economic performance, reduced emissions and enhanced comfort.
 

Racquet maker Babolat targets India market

Source: 
The Hindu Business Line

"The string and guts give 70 percent of the power from a racquet," says Lucien Nogues, the technical head of French string and racquet maker Babolat.

On the eve of the Davis Cup tie between Brazil and India taking place in the South Indian city of Chennai, Nogues and Giovanni Pietra, the managing director of  international sales of the 135-year-old company is on a mission to promote the brand, which is used by some of the top tennis players in the world.

Mobile net users may double as cheaper phones come on China's market

Source: 
scmp.com

China's mobile internet users may more than double within five years as smartphones that can browse the Web and download music become more affordable, says Lee Kai-fu, the former head of Google's China division.

The number of people accessing the internet on their mobile devices might grow to 800 million within three to five years, from about 300m now, Lee said Monday at the Beijing office of Innovation Works, the technology business incubator he set up after leaving Google.

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