Saturday, May 31, 2014

Ideal salary for living in Singapore is S$6000: survey

More than half of people responding to a local salary survey believe that $6,000 is the ideal monthly salary in Singapore given the cost of living in the nation-state.According to JobStreet, which conducted the survey in April this year and released the results on Friday, the $6,000 is higher than Singapore's average monthly wage of $4,998 last year.It seems unsurprising, therefore, that some 83 per cent of the survey's 622 respondents said they were dissatisfied with their current salaries.Of the pool of respondents, 42 per cent said what they earn is only sufficient to cover their basic needs - things that include housing, food, transport, family (in terms of dependents like children and elderly parents) and utilities - while 31 per cent said they could afford some luxuries over and above their basic needs.Just 4 per cent said they were very comfortable with their salaries, while 23 per cent said they were struggling to make ends meet.Within the 23 per cent, 7 in 10 said they earned less than $3,000 a month. When those dissatisfied with their salaries were asked how much their pay should increase by before they are satisfied, 66 per cent said they should see an increase of between 10 and 20 per cent. Some 622 Singaporean workers across various industries in Singapore participated in the survey, which scoped employees' sentiment about how much they earn, what they spend their money on and how much they save each month, given that Singapore was named the costliest city in the world for expatriates.


Check out the survey's findings at a glance here:


Cost of living survey among 622 Singaporean workers across various industries here, conducted in April 2014. (Jobstreet ...


Read more about the survey's findings here.


Friday, May 30, 2014

Singapore's 1st MMA fighter makes victorious One FC return

Radeem Rahman makes a triumphant return to the One FC cage.


'I've been unlucky, but now I'm back.'


With these words, Radeem Rahman didn't just win his second mixed martial arts (MMA) fight after a long layoff.


The Singaporean also won over a voracious home crowd that backed him every step of the way in a tough One Fighting Championship (One FC) battle against Raymond Tan of Malaysia on Friday evening at the Singapore Indoor Stadium.


Radeem, who was out for nearly three years due to a host of injuries, clinched the victory via referee stoppage due to strikes with 2min20s left in the second round.


Yet, for most of the fight, Singapore's first ONE FC fighter had the audience gasping in suspense as he repeatedly crumbled under a flurry of powerful uppercuts and kicks from the taller Tan.


Radeem barely survived a frustrating first round where he failed to do any sort of damage. But the Evolve MMA member emerged reborn in the second period, flooring Tan with an elbow to the head and taking control on top as the cheers grew in intensity.


The 26-year-old then meted out the ground-and-pound and with Tan unable to defend himself it was only a matter of time before the referee rushed in to halt the fight and improve Radeem's record to 2-0.


'It took me a while to get used to it,' said Radeem, who last fought in September 2011. 'But I was not concerned, I listened to my corner, regrouped and played my game.'


He later acknowledged to Y ahoo Singapore that the crowd played a huge part in energising him. 'This feeling, it cannot be described,' said a beaming Radeem. 'It's a nice, nice Friday for me.'


Singapore's Stephen Langdown (left) submitted by Casey Suire.


However, his compatriot, young Singaporean prospect Stephen Langdown, lost by submission on his second outing in the One FC cage.

Out to prove his first and only victory late last year was no fluke, the 21-year-old wound up being taught a lesson in the ground game by the older, more experienced Casey Suire of USA.


Langdown tapped out to a rear-naked choke with 1min 41s left in the first round, after spending much of it looking distinctively uncomfortable on his back with his 37-year-old opponent on top.


The local crowd were stunned into silence, especially after a promising start by Langdown, who came out swinging with wild punches and kicks. But a hook from Suire dropped the Singaporean to the floor and he never recovered thereafter.


'I feel like s**t,' Langdown said to Yahoo later. 'He didn't like my kicks, but I got dropped by a huge right hand.'


The bantamweight (<61.2kg) added: 'I lost, but I've just got to go back to the drawing board now. And I'm still going to ask for a fight. I want to get back in there.'


Extravagant or not? Singapore blogger's S$40000 birthday bash sparks online ...

A Singapore blogger has come under fire for her upcoming birthday bash costing upwards of $40,000 - none of which she is paying for.


Sara Shantelle Lim was quoted in a press release stating that she will celebrating her 27th birthday on Friday this week with 'the biggest 'Candylicious Neon' themed party in Singapore' and has received over $40,000-in-kind sponsorships for the private bash.


Singapore blogger Sara Shantelle Lim will be celebrating her 27th birthday with a lavish sponsored bash, costing ...


Lim blogs at The SG Sisters, a blog she started with her elder sister, Lora Christelle Lim. The blog claims to be 'the first and only Luxury Blog in Singapore.'


Singapore tabloid The New Paper, first reported that Lim has a bevy of alcohol and beer sponsors including Jim Beam, Auchentoshan, Pinnacle Vodka, Courvoisier, and Brewerkz.


Among other things, flowers, candy buffet, and a three-tier birthday cake for the party will all be sponsored. Three diamond rings have also been sponsored, to been given away to the 'Best Dressed' partygoers.


The party will be held at exclusive night spot, Club Altimate at 1-Altitude, where the venue rental is said to cost $20,000 for the night.


For entertainment, Lim said that her friend, Singaporean model-DJ Nicole Chen, will be spinning at the party. Lim also reportedly name-dropped her friend Kim Lim, the daughter of Singapore billionaire Peter Lim, who recently bought Spanish football club Valencia.


Lim reportedly stated that while most of the sponsors are 'mainly her close friends, who wants [sic] to throw Sara an amazing birthday party', other sponsors 'believe that she can help them to promote their brand well on her luxury blog' or want to 'tap into her strong network of contacts'.


News of the blogger's lavish celebration has sparked online debate, with some calling it an 'obscene amount of extravagance'.


Facebook user Greg Tan commented, '40k is some people's annual pay...but others can just spend it in 1 night.'


Another user, Eleanor Quek, wrote, 'What a waste of money on one big party. I know I will not be supporting those brands anymore. Bad advertising decision.'


Others have commended Lim's shrewdness in having a sponsored birthday party. Facebook user Johnny Laxman said, 'don't have to feel sore and condemn her for it. At least she's smart enough to get others to sponsor her instead of using her own money'.


Sponsorship is not a new concept to bloggers in Singapore.


One of the most prominent bloggers in Singapore, Wendy Cheng, or better known as Xiaxue, had sponsors for her wedding and home renovations. The blogger and her husband reportedly spent $80,000 on their home renovations, excluding the sponsorships that are estimated to be worth $100,000.


Thursday, May 29, 2014

Taylor Swift announces additional Singapore concert on June 9

Tickets for the new leg of her Red Tour concerts at the Singapore Indoor Stadium will go on sale on May 31; more tickets for her June 12 gig have also been released.

SINGAPORE: Seven-time Grammy winner Taylor Swift has announced an additional date for the Singapore leg of her Asian concert tour.


Swift, who cancelled the Thailand shows in her sold-out Asian leg of the Red Tour due to the military unrest in the country, will now perform at the Singapore Indoor Stadium on June 9, to go with her original June 12 performance. Limited additional seats for the June 12 show have also been released.


Tickets go on sale this Saturday (May 31) at 10am from sportshubtix.sg or via the hotline +65 6333 5000. In addition, fans who are currently on the waiting list for the June 12 show will be notified by email and receive a 24-hour priority ticket purchasing period beginning tomorrow (May 30) at 10am.


Tweet Photos, Videos and Update on this Story to #cna


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Wednesday, May 28, 2014

LG G3 to hit Singapore on June 28 for $691

The chaebol's flagship Android smartphone will make its way to retail stores for a cool price of 868 Singapore dollars for the 16GB version.


Andrew Hoyle/CNET

While those living in South Korea will naturally get their hands first on the LG G3 on May 28, customers in Singapore will have to wait for a month -- June 28, to be exact. But this is still earlier than if you were in the UK, where the the phone will only go on sale on July 1, or in the US, where no dates have been confirmed.


Singapore was one of the six cities globally in which LG launched its new flagship but currently the only country to reveal pricing. The 16Gb version of the G3 will retail for 868 Singapore dollars ($691) without contract, while the 32GB will go for a slight markup of 928 Singapore dollars ($739).


This makes the phone much cheaper compared with other flagship handsets from Samsung and HTC. The G3 packs an eye-scorching high-resolution QHD display as well as a camera that uses laser focusing. Internally, it's powered by a quad-core processor and runs Android KitKat (4.4.2) with a new snazzy flat UI.


To find out more about the G3, be sure to check out our hands-on with the phone, as well as these beautiful pictures of LG's new metallic beauty.


Tuesday, May 27, 2014

Modern

The city-state has done all it can to succeed in the global marketplace, only to end up feeling some unease at having its distinctive sense of place eroded.

You land at Changi Airport after flying for what seems a lifetime, and you're disoriented even before you hit the customs booths with bowls of mints, dire warnings about the death penalty for those bringing in drugs, and digital comment cards asking if the service was to your liking.


Duck into a public restroom and you'll be exhorted to aim carefully and to 'flush with oomph' for the sake of cleanliness. Outside, it's tropical sticky but impeccably clean, in a city is inhabited by Chinese, Malays, Indians, and guest workers from around the world-all speaking English.


Singapore is an assault on one's preconceptions.


Singapore calls itself the Lion City, but it would be more accurate to call it the Canary City-the canary in globalization's gold mine. Arguably no other place on earth has so engineered itself to prosper from globalization-and succeeded at it. The small island nation of 5 million people (it's really just a city, but that's part of what's disorienting) boasts the world's second-busiest seaport, a far higher per-capita income than its former British overlord, and a raft of number-one rankings on lists ranging from least-corrupt to most-business-friendly countries. So long as globalization continues apace, the place thrives.


On the event of its 50 th anniversary as an independent nation, Singapore's defining achievement is summed up in the title of its longtime leader Lee Kwan Yew's memoir, From Third World to First. When it split off from Malaysia a half-century ago, Singapore had little going for it, other than a determination to become whatever it needed to be-assembly plant, container port, trustworthy banking and logistics center, semiconductor hub, oil refinery, mall developer, you name it. But the brilliance of its founding fathers-OK, it was mostly one father, Mr. Lee-was in realizing that the precondition for all of this was good governance.


Over a recent week of briefings with Singaporean business and government leaders sponsored by the nonprofit Singapore International Foundation, I heard one business leader say that he has never had to pay a bribe in his lifetime. To an American audience, that may seem like a fairly modest boast, but as this speaker noted, it'd be a difficult claim to make in neighboring Southeast Asian countries (or developing nations anywhere). Like Americans, Singaporeans worship the concept of meritocracy. Unlike Americans, Singaporeans entrusted their society to an all-knowing one-party technocracy that has delivered the goods across two generations-including affordable, publicly built housing for a majority of the population and a system of private lifetime savings vehicles that are the envy of policy wonks the world over.


Still, even at the height of its success, Singapore doesn't get much love from the legions of foreigners who avail themselves of its First World amenities. It's almost obligatory for Westerners visiting or residing in Singapore to complain about the 'sterility' of the place, and joke about the pristine shopping malls, contrasting Singapore unflatteringly to the grittier authenticity of nearby Cambodia and Vietnam.


It's a form of colonial prejudice to begrudge Singaporeans their lack of Third World 'charm.' But the interesting new wrinkle is that Singaporeans themselves are joining in the second-guessing about the price of development.


Opposition parties are gaining some ground, capitalizing on unhappiness with strained public services, soaring prices, and an influx of super-wealthy foreign investors. Having taken care of its population's basic needs and then some, it must be galling for Singapore's relentlessly pragmatic leadership to see a surge of yearning for rooted authenticity. The few older neighborhoods that haven't been demolished-including the first generation of public housing complexes-are now heralded as historic landmarks.


This ill-defined sense of nostalgia reflects the tensions inherent in globalization. You can leverage all of your comparative advantages to succeed in the global marketplace, only to end up feeling some unease at having your distinctive sense of place eroded.


Until recently, Singapore was among the most welcoming places to outsiders, with one out of every three residents born elsewhere. But with fertility rates dropping, the country opened the floodgates to immigrants to ensure continued growth-turning immigration into a lightning rod. One triggering event for a national debate on the subject was a modest riot late last year in the city's Little India Quarter. A government official, off-script, said with some relish: 'Imagine that, we had a riot: we must be a real place.'


In the aftermath, the government slowed down its intake of immigrants and tapered its growth projections. The move was a testament to how responsive Singapore's system can be to its citizenry's needs and desires, without being terribly democratic.


It was a testament, too, to how perfect Singapore-and its paternalistic, technocratic cosmopolitanism-is for this age of interdependence.


Andrés Martinez is the Washington editor of Zocalo Public Square, for which he writes the Trade Winds column, and Vice President of the New America Foundation.

Tuesday #sgroundup: Singapore blogger's latest moves are 'very grave ...

Here are the top trending stories for today in case you missed them:


Singapore blogger's latest moves are 'very grave aggravation': PM Lee's lawyer

Blogger Roy Ngerng stands outside Singapore's Parliament building with his NMP proposal in hand. (Photo courtesy ...


Singapore blogger Roy Ngerng's refusal to remove a contentious YouTube video as well as two emails he sent out in which his contentious blogposts were republished amounted to 'very grave aggravation', said lawyers acting for PM Lee Hsien Loong on Tuesday.In his response through his own lawyer M Ravi on Tuesday at 1230pm, Ngerng said his video and other posts 'were not intended to impy that there is any truth in the criminal misappropriation allegation.' He also proposed to offer S$5,000 in damages to PM Lee.


http://ift.tt/1nbeo71 PAP MP Inderjit Singh confronts Singapore's hard truths in wide-ranging Facebook post

PAP's Inderjit Singh noted that too many PRs are enjoying full citizen privileges without citizen's responsibilities. (Facebook photo)


The disconnect between Singapore's wealth and citizens' well-being, the importing of talent, the complacency and elitism in the top ranks of civil servants, and the national identity for Singapore's young people - these were the issues raised by Ang Mo Kio Member of Parliament (MP) Inderjit Singh in a Facebook post Monday night.


Singh noted that after the general election in 2011, the government got a very clear signal from Singaporeans about the issues that affected them most and the government spent considerable time fixing these problems. The problems themselves were 'created as a result of a decade long series of policy misjudgment linked to its 'growth at all cost' economic strategy', he wrote, elaborating at length his views on where the government still needs to improve.


http://ift.tt/1pujIiT Filipino event scrapped in Singapore after drawing abuse

The area outside Ngee Ann City, where the proposed Philippine Independence Day was hoped to be held. (Yahoo file ...


A Philippine independence day celebration in Singapore has been cancelled, organisers said Tuesday, after plans for a public event generated online abuse and threats against Filipinos in the city-state.


'In view of all considerations in the search for equivalent suitable venues, the PIDC 2014 deemed it is best to cancel the event,' the Pilipino Independence Day Council (PIDC) said in a statement sent to AFP.


Previously, local police said the PIDC had withdrawn its application to hold its event at the area along the busy Orchard Road shopping belt after it turned down police suggestions of alternative locations, citing crowd capacity limitations.


http://ift.tt/1ioE34u S. Korea's Park says family 'root cause' of ferry tragedy

A woman shouts names of victims during a rally to demand the government to seek the truth in poor handling of the ...


South Korean President Park Geun-Hye on Tuesday denounced fugitive members of the ship-owning family linked to last month's ferry disaster, calling them the 'root cause' of the tragedy that claimed around 300 lives.


The government has offered a half-million dollar reward for information leading to the arrest of Yoo Byung-Eun, patriarch of the family behind Chonghaejin Marine Co.


Chonghaejin owned and operated the 6,825-tonne Sewol ferry that capsized and sank on April 16 with hundreds of high school students on board.


http://ift.tt/1mwFrpS Malaysia, UK firm release satellite data on missing MH370

A journalist looking satellite data on missing Malaysia Airlines flight MH370 on May 27, 2014


Malaysia's government and British satellite firm Inmarsat on Tuesday released the data used to determine the path of missing Malaysia Airlines flight MH370, responding to mounting calls from passengers' relatives for greater transparency.


The data from satellite communications with the plane, which runs to 47 pages in a report prepared by Inmarsat, features hourly 'handshakes' - or network log-on confirmations - after the aircraft disappeared from civilian radar screens on March 8.


Families of passengers are hoping that opening up the data to analysis by a wider range of experts can help verify the plane's last location, nearly three months after the Boeing 777 with 239 passengers and crew disappeared.


http://ift.tt/1ioE0FO

Monday, May 26, 2014

Economic growth alone not enough for Singapore

Full speech by Mrs Lina Chiam, NCMP in Parliament in response to the President's Address 2014 (26th May 2014)

Madam Speaker,


I rise in support of the motion in thanking the President for his Address, which was delivered on behalf of the Government, in the opening of the Second Session of this Parliament.


We agree with the President that empathy should be one of the core values of Singapore. However, we face an uphill task in achieving this. How do we help youths develop empathy in the face of tougher job competition, internationally and in their homeland? This is in a context of a world that is more protectionist.


The President addressed the need for more opportunities for Singaporeans to realise their dreams and aspirations. Currently, many Singaporeans feel that they are priced out of their aspirations for cars, houses and higher education.


In order to help and enable young Singaporeans to fulfill their potential, and pursue their dreams and aspirations, we must have a happy and healthy environment at home, in school and in the workplace. In order to build a healthy, caring society and, there must be mental wellness among Singaporeans.


We need to do more for mental wellness of each and every of our citizens. Only then can we speak meaningfully of higher productivity among our workforce. Life long learning for retirees and the elderly should be encouraged to keep their minds active.


We must not forget about the welfare of any Singaporean, even the detainees held under the Internal Security Act - the cases of those who have been detained for more than ten years must be reviewed.


We urge the government to re-prioritise the needs of Singaporeans over and above that of medical tourism, for instance.CPF - there are alternatives to raising minimum sum


While the government has tried to ensure affordable and quality health care, it has recently raised the CPF minimum sum to $155,000. This makes retirement tougher. Many Singaporeans are also deeply unhappy about the compulsory annuity CPF scheme.


A stronger social safety net?

We need alternative retirement schemes to build an inclusive society. Singapore needs a complex mix of policies, such as alternative investment options to ensure a sufficient pool of funds in CPF. A non-mandatory CPF annuity scheme and private annuity schemes should also be considered.


It is important to provide more opportunities for those who fail in school, business or in life. We need to think carefully how to embrace failure and provide second chances for Singaporeans. This may include providing a stronger and less complex system of a social safety net for Singaporeans.


Economic growth alone not enough for Singapore

Tougher questions regarding the localisation of our workforce need to be addressed soon. We understand that more than 50% of jobs in Singapore are not held by Singaporeans.


Economic growth alone is incapable of satisfying the democratic and meritocratic hopes of the people. Specific institutions must be created for that purpose of redistributing the fruits of Singapore's growth, rather than relying on market forces to ensure a meritocratic society.


So far the government has chosen a purely capitalist system to grow our nation. Our national wealth increased. Companies located in Singapore prospered and business leaders were also able to make profits out of Singaporeans. Many of our local businesses rely on cheap labour to survive. Without them, managers complain that they will fold up. I believe them because they are simply unable to compete technologically anymore, after more than 20 years of cheap quotas. Innovation is no longer in their blood. Theoretically, some of them should be allowed to fail. Restructuring must take place, in order to recreate a competitive environment that can pay good wages.


Meritocracy will not happen otherwise. Businesses will push wages down because the opportunity cost of not innovating is low. The Singaporean worker will always be too expensive to hire. To help one business survive, we will need limitless low wage foreign labour. I think this story is quite clear.


We are not interested in asking which industries should stay or which should go. But we want to be part of a new governmental apparatus to help formulate polices that favour Singaporeans, not an absolute growth model.


The President also talked about a stronger Singaporean core. At this stage, I also want to stress that capital stuck with the wealthy will almost always transform into rent as it accumulates. The poorer will never be able to catch up unless capital is forced to be more dynamic. On this ground, I question the validity of the current government's strategy of attracting top billionaires and how overrated the concept of trickle-down economics is in creating jobs.


The incentives we throw to attract top businesses could have been better spent allowing students to get their hands wet on entrepreneurship. We disagree with what the government prescribes in the growth model - only in setting up agencies, creating schemes, and buying projects. We prefer that this model be abandoned, and that we work directly with tertiary institutions to build businesses. After all, Silicon Valley, Hong Kong and London did not become competitive because of aggressive incentives.


Singapore owns a lot of capital. But Singaporeans lack easy access to this capital for basic uses such as retirement and education. We still cling onto the nanny state mentality that disallows a man to fail in life. We say that the ordinary man is incapable of planning his retirement, so we lock up his cash and force him to purchase an annuity.


As if it is not bad enough to have a nanny state government that grows at all cost, our government refuses to install a minimum wage for low wage workers. Yet, there is in effect a minimum wage for senior civil servants and political leaders - we are referring to the pay benchmarks of our leaders.


In the French monarchy period, they were not able to revamp their tax structure. Nobles were not paying taxes and this caused a lot of pain for the government. In Singapore's case today, we treat our businesses like nobles. Instead of increasing the tax and eliminating their access to cheap foreign labour, we decide to tax Singaporeans through systems such as the COE for cars.


Different voices in Singapore

If the President is serious unifying Singapore, the path ahead is long.


The President shared that we must add substance to voices. After Our Singapore Conversation (OSC), the SPP urges the government to continue launching more nation-wide conversations - regardless their political inclination. After all, we are all working for a better Singapore.


The OSC should be held with ordinary people, of all political inclination, in all places like coffee shops, hawker centers or shopping malls, and also on the internet - anywhere that is conducive for people to speak their mind freely. We will get better and more accurate feedback at the end of the day.


Controlling the discourse online, such as through the new MDA internet regulations last year, is counter-productive and self-defeating.


If the government is sincere about hearing people's voices, we urge them to take an even-handed approach in reviewing the Broadcasting Act in the remaining term of Parliament before the next General Election, as they have slated.


If being a constructive opposition means speaking up for the real needs of the people, to build a democratic society based on justice and equality - then yes, we are a constructive opposition. We have no interest at all in destroying the fabric of Singapore.


The role of the SPP in Parliament

But when we see policies that are detrimental to the well being of our people and our nation, make no mistake - we the Opposition will speak up fearlessly.


The Singapore People's Party shall be a loyal Opposition - loyal to the Constitution, loyal to the nation, but not to the ruling Party. [1] We will stand together with the government in times of national difficulties and emergency. But our role in Parliament is to keep the government in check, ensuring that its promises to the people and its policies are carried out. We will also continue put out our alternative solutions and policy proposals.


As Singapore approaches a new chapter with its 50 th anniversary next year, the Opposition's role and responsibility is becoming a more integral part of the governance of our nation. In fact, the whole nation must also be responsible for that.We all have a role to play.


[1] Quotation adapted from Chiam See Tong, maiden speech in Parliament, 4 March 1985.


New political party in Singapore aims to 'put people first'

Updated May 27, 2014 14:27:42



The founder of Singapore's newest political party, Singaporeans First, says his party will put 'people at the heart of all public policies'.


Tan Jee Say, a former presidential candidate, announced the formation of the party at a press conference on Sunday.


The 11-member party includes a retired army colonel, architects and former activists from Singapore's long-ruling People's Action Party (PAP).


Mr Tan told Asia Pacific the Singaporeans First party will introduce a new narrative in the island republic's political landscape.


'The nation has lost its soul. We need a new vision that puts Singaporeans at the heart of the nation,' he said.


'The vision of a fair society with strong families and a confident people with high self-esteem - the vision of Singaporeans First.'


Mr Tan says his party, which is yet to be formally registered, aims to narrow the poverty gap and provide a strong social safety net for Singaporeans.


The Singaporeans First party wants to remove the 7 per cent Goods and Services Tax and introduce a free education system.


It also aims to provide 'affordable' healthcare, old-age pension above the 'inadequate' Central Provident Fund savings and an unemployment insurance scheme.


'For the past 50 years, Singaporeans have been treated as economic digits in the economic growth of Singapore,' Mr Tan said.


'We want to turn it the other way around, we want to put people before economic growth.'


Topics:government-and-politics, singapore, asia


First posted May 27, 2014 14:21:44


Whither Singapore Inc?

Dr. Lai Kok Fung is currently CEO of BuzzCity, a Singapore-based multinational company specialized in mobile advertising. He is also Adjunct Professor in the school of computing at the National University of Singapore. He started his carrier as an applied researcher in the Information Technology Institute, a now-defunct applied research institute funded by the government of Singapore. His writings on innovation are collected in a blog titled Innovation.


I published a pair of articles recently on two stewards of 'Singapore Inc' - SPH and SingTel. These are local giants of media and telecommunications. Their success, or lack of it, considerably impacts Singapore's startup ecosystem.


In terms of SPH, I compared this pseudo media monopoly to Naspers, a dominant media group based in South Africa. I argued that the lack of competition has caused SPH to underperform. Protected by the monopoly, SPH has taken the easy way out to shore up its financials by leveraging its capital base onto the property business. In contrast, Naspers was more successful in transforming from a traditional newspaper business. It has become a major ecommerce player in emerging markets and currently owns significant stakes in Tencent in China and Mail.ru in Russia.


When it comes to SingTel, I questioned its execution on the acquisition of Amobee. SingTel has failed to realize the investment thesis: combine Amobee's agency and platform business to monetize SingTel's digital assets. With a huge operating loss, SingTel will have spent a whopping S$1 billion on this acquisition by next year. SingTel's failure stems from its gatekeeper mindset, demonstrated by its CEO's recent appeal to regulators to give carriers the power to charge WhatsApp and Skype for use of their networks.


I received a good amount meaningful feedback on the articles. A senior figure of Singapore Inc objected to my characterization of SPH's performance, saying 'Naspers had only one good investment in Tencent'. He repeated a common refrain that Naspers was only lucky to have invested in Tencent in the early days - before its recent success with WeChat. With 34 percent ownership of Tencent, which generated US$3.15 billion in profit last year, Naspers can stomach huge losses from their other internet ventures. Those other ventures lost money big time - about US$220 million last year. To mischievously paraphrase him: 'Naspers also sucks'.


Little room to maneuver

Through the ensuing conversations, I managed to glean useful insights on the mindset of Singapore Inc. These points should be relevant to local startups looking for investment or acquisition from government linked companies (GLC).


SPH is unwilling to incur big losses in new digital ventures. With annual profit of S$400 million, it could perhaps get away with S$20 million write-off before being punished by the stock market. Moreover, if one discounts the contribution of ad bundling (where sale of digital ads are bundled with print), SPH's digital business is not profitable. Consequently, SPH measures investment by incremental benefits to its media business. On this yardstick, small investments on ShareInvestor and HardwareZone are performing well. The jury on SgCarMart is still out. Chope is underperforming.


Starhub's cable business is hanging on by a thread. Its cable content can still command revenue, only because services like Netflix are hampered by copyright in Singapore. Many consumers, however, have found legal or illegal ways to circumscribe the constraints. With innovations like Google's Chromecast, Starhub's position will continue to weaken.


See: SingTel ushers cyber surveillance era into Asia with video analytics for businesses


In a no more enviable position is M1, Singapore's smallest mobile carrier. With annual profit at about S$150 million only, M1 has even less room for maneuver by the 'we shall not be punished by stock market' axiom. It can perhaps avoid becoming a dumb pipe by venturing into media. Unfortunately, as proven again by SingTel's forays into HungryGoWhere, mobile carriers possess little media skill. How about using rich user profiles to value-add on mobile advertising? Mobile carriers know little on post-paid users and next to nothing on prepaid users. Besides, their analytics suck. Bottom line: the most valuable assets of Singapore's mobile carriers are their inherited cellular spectrums. They will exploit these assets to milk as much profit for as long as they possibly can.


SingTel, with annual profit of about S$3.5 billion, is the most well-placed GLC to take meaningful risks in digital. Unfortunately, it succumbed to the 'instant tree' mentality and placed a big bet on Amobee. Ominously, an insider whispers that the Tai-Chi game of 'I didn't sign off on this deal' has begun. It will be a long time before SingTel will invest S$1 billion to support Singapore's indigenous startup ecosystem.


12 years a slave of fortune

In an article also titled 'Whither Singapore Inc' in 2002, The Economist opined that Singapore's unique brand of state capitalism needed an overhaul. It reported that then Deputy Prime Minister Lee Hsien Loong repeatedly lamented Singapore's lack of entrepreneurism, and that 'an awareness is sinking in among the island's ruling elite that a model that turned a swamp into a metropolis may not work as well when it comes to turning the metropolis into a citadel of the knowledge economy.' Twelve years have passed. Apart from a few 'instant trees' (such as an exit through an entrepreneur who relocated to Singapore because of his wife), can we honestly say that we have made meaningful and systemic progress?


The Economist concluded there were two main options that Singapore can take. The first is the way of Jack Welch, attempting to run the GLC stable with management genius to boost profits and create winners. The second is Margaret Thatcher's way: breaking up the GLCs and liberating the corporate sector from the government shacklers. The Thatcherite approach is much simpler, but also much bolder, breaking with Singapore's tradition.


In my private discussions on innovation, a senior journalist from the Straits Times sounded this warning:


Guys, legacy cash-flow is the most dangerous. Managements know they are in danger, but protecting current stakeholders and a conservative culture are slowing and letting them down.


For all the talk of thinking out of the box, it is probably Singapore Inc that has the most need for innovative thinking.


The post Whither Singapore Inc? appeared first on Tech in Asia.


Whither Singapore Inc?

Dr. Lai Kok Fung is currently CEO of BuzzCity, a Singapore-based multinational company specialized in mobile advertising. He is also Adjunct Professor in the school of computing at the National University of Singapore. He started his carrier as an applied researcher in the Information Technology Institute, a now-defunct applied research institute funded by the government of Singapore. His writings on innovation are collected in a blog titled Innovation.

I published a pair of articles recently on two stewards of 'Singapore Inc' - SPH and SingTel. These are local giants of media and telecommunications. Their success, or lack of it, considerably impacts Singapore's startup ecosystem.


In terms of SPH, I compared this pseudo media monopoly to Naspers, a dominant media group based in South Africa. I argued that the lack of competition has caused SPH to underperform. Protected by the monopoly, SPH has taken the easy way out to shore up its financials by leveraging its capital base onto the property business. In contrast, Naspers was more successful in transforming from a traditional newspaper business. It has become a major ecommerce player in emerging markets and currently owns significant stakes in Tencent in China and Mail.ru in Russia.


When it comes to SingTel, I questioned its execution on the acquisition of Amobee. SingTel has failed to realize the investment thesis: combine Amobee's agency and platform business to monetize SingTel's digital assets. With a huge operating loss, SingTel will have spent a whopping S$1 billion on this acquisition by next year. SingTel's failure stems from its gatekeeper mindset, demonstrated by its CEO's recent appeal to regulators to give carriers the power to charge WhatsApp and Skype for use of their networks.


I received a good amount meaningful feedback on the articles. A senior figure of Singapore Inc objected to my characterization of SPH's performance, saying 'Naspers had only one good investment in Tencent'. He repeated a common refrain that Naspers was only lucky to have invested in Tencent in the early days - before its recent success with WeChat. With 34 percent ownership of Tencent, which generated US$3.15 billion in profit last year, Naspers can stomach huge losses from their other internet ventures. Those other ventures lost money big time - about US$220 million last year. To mischievously paraphrase him: 'Naspers also sucks'.


Little room to maneuver

Through the ensuing conversations, I managed to glean useful insights on the mindset of Singapore Inc. These points should be relevant to local startups looking for investment or acquisition from government linked companies (GLC).


SPH is unwilling to incur big losses in new digital ventures. With annual profit of S$400 million, it could perhaps get away with S$20 million write-off before being punished by the stock market. Moreover, if one discounts the contribution of ad bundling (where sale of digital ads are bundled with print), SPH's digital business is not profitable. Consequently, SPH measures investment by incremental benefits to its media business. On this yardstick, small investments on ShareInvestor and HardwareZone are performing well. The jury on SgCarMart is still out. Chope is underperforming.


Starhub's cable business is hanging on by a thread. Its cable content can still command revenue, only because services like Netflix are hampered by copyright in Singapore. Many consumers, however, have found legal or illegal ways to circumscribe the constraints. With innovations like Google's Chromecast, Starhub's position will continue to weaken.


See: SingTel ushers cyber surveillance era into Asia with video analytics for businesses

In a no more enviable position is M1, Singapore's smallest mobile carrier. With annual profit at about S$150 million only, M1 has even less room for maneuver by the 'we shall not be punished by stock market' axiom. It can perhaps avoid becoming a dumb pipe by venturing into media. Unfortunately, as proven again by SingTel's forays into HungryGoWhere, mobile carriers possess little media skill. How about using rich user profiles to value-add on mobile advertising? Mobile carriers know little on post-paid users and next to nothing on prepaid users. Besides, their analytics suck. Bottom line: the most valuable assets of Singapore's mobile carriers are their inherited cellular spectrums. They will exploit these assets to milk as much profit for as long as they possibly can.


SingTel, with annual profit of about S$3.5 billion, is the most well-placed GLC to take meaningful risks in digital. Unfortunately, it succumbed to the 'instant tree' mentality and placed a big bet on Amobee. Ominously, an insider whispers that the Tai-Chi game of 'I didn't sign off on this deal' has begun. It will be a long time before SingTel will invest S$1 billion to support Singapore's indigenous startup ecosystem.


12 years a slave of fortune

In an article also titled 'Whither Singapore Inc' in 2002, The Economist opined that Singapore's unique brand of state capitalism needed an overhaul. It reported that then Deputy Prime Minister Lee Hsien Loong repeatedly lamented Singapore's lack of entrepreneurism, and that 'an awareness is sinking in among the island's ruling elite that a model that turned a swamp into a metropolis may not work as well when it comes to turning the metropolis into a citadel of the knowledge economy.' Twelve years have passed. Apart from a few 'instant trees' (such as an exit through an entrepreneur who relocated to Singapore because of his wife), can we honestly say that we have made meaningful and systemic progress?


The Economist concluded there were two main options that Singapore can take. The first is the way of Jack Welch, attempting to run the GLC stable with management genius to boost profits and create winners. The second is Margaret Thatcher's way: breaking up the GLCs and liberating the corporate sector from the government shacklers. The Thatcherite approach is much simpler, but also much bolder, breaking with Singapore's tradition.


In my private discussions on innovation, a senior journalist from the Straits Times sounded this warning:


Guys, legacy cash-flow is the most dangerous. Managements know they are in danger, but protecting current stakeholders and a conservative culture are slowing and letting them down.


For all the talk of thinking out of the box, it is probably Singapore Inc that has the most need for innovative thinking.


Editing by Steven Millward; Unmodified version of photo is Creative Commons licensed from Wikimedia.


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Oops Singapore Airlines left red


THE pilots of this Singapore Airlines plane have been left a little red-faced after one of its engines struck an aerobridge at Sydney Airport this morning.



CHINA has promised to dismantle a life-size replica of the iconic Sphinx after Egypt complained about the structure.



A MAN'S body, found on a coral reef in Fiji, has been identified as a 36-year-old Australian who was last seen heading out for an evening swim on his own.


Sunday, May 25, 2014

Goal Singapore readers want top European nation for Sports Hub opener

Singapore fans do not appear to be too keen on having Malaysia as sparring opponents, although the proposed Causeway Derby has been postponed to a later date


Juventus look set to be Singapore's opponents for the opening match of the new Sports Hub National Stadium, after it was announced on Saturday that the scheduled game against Malaysia has been postponed.


The Causeway Derby was originally planned to be the opener on August 8, but the Football Association of Singapore (FAS) has since indicated that it will need more time to prepare for the event as it anticipated a bumper crowd. The Football Association of Malaysia has also agreed to have the fixture go on at a later date.


This leaves the match-up against the Italian giants on August 16 as the first game that will be played at the new 55,000-seater venue as of now, although there is still time for things to change.


The majority of Goal Singapore readers have indicated their preference for a different opponent, with 33.7% clamouring for a top European nation to spar with. There was rumours of the likes of Spain being brought in previously, with FAS president Zainudin Nordin having stated before that 'serious negotiations' were in place to bring such a side in.


A further 25% were content to have Juventus be the first ones, while 23.9% were still happy to settle for Malaysia. Nobody seemed to be too keen on other Asian opposition, with only 12% plumping for Japan and the remaining 5.4% voting for another top Asian side.


However, before any football event takes place on the new state-of-the-art hybrid grass surface, it will be the Rugby World Club 10s that will give the pitch a physical and demanding first test when it is held at the National Stadium on June 21 and 22.



Pinoy group in Singapore...

Organizers of a planned Philippine Independence Day event in Singapore's main shopping district withdrew their permit application, police say



SINGAPORE - The planned Philippine Independence Day celebration at Singapore's Orchard Road shopping district will not push through, weeks after it became the center of an online controversy in the city-state.


The Pilipino Independence Day Council Singapore (PIDCS) withdrew their application to hold the event at Ngee Ann City Civic Plaza, a shopping center along the famed street, The Straits Times reported Monday, May 26, quoting the police.


The police cited 'public order and safety concerns,' the Straits Times reported. The police also suggested to the organizers to select another venue if they wanted to go through with the celebration, the paper reported.


With the withdrawal of the permit application, it is not known if the group will push through with the event in another venue, or it is cancelling the planned celebration. Organizers of the event have not responded to our queries.


The group withdrew their application following the controversy surrounding the event, in which the online announcement for the planned celebration - supposed to take place June 8 - drew criticism, and even racially-laced commentary, from a number of Singaporeans.


The online critics said the group should not hold the event in the middle of a busy shopping and business district, and some also objected to the use of the term 'interdependence' and the image of the Singapore skyline in the Facebook announcement, posted back in April.


'Thuggish behavior'

PIDCS organizers were reportedly harassed and taunted online and through phone calls by some locals, and even received xenophobic comments on their Facebook page.


The issue forced Prime Minister Lee Hsien Loong to write a Facebook post condemning the 'thuggish behavior' of these commenters and critics, and said it was a work of a 'few trolls.'


Some also called it an 'over-reaction' on the issue, and does not reflect the sentiments of the average Singaporean.


Hot-button topic

Many saw the furor as a symptom of the country's immigration policies, a hot-button topic in the city-state where locals are accusing foreigners of taking jobs and causing a strain on public services such as housing and transportation.


Singapore's low birth rate prompted the government to grant an average of 18,500 new citizenships every year between 2008 to 2012 - helping the population surge by 30% since 2004 to 5.4 million last year.


Out of a foreign population of 1.55 million from China, India, the Philippines, Thailand and elsewhere, about 700,000 are work-permit holders employed in construction and other sectors shunned by Singaporeans. More than 200,000 others work as domestic helpers.


About 172,700 Filipinos work in Singapore, according to the latest publicly available Philippine government data. Recent arrivals are largely professionals and service-sector workers.


Many Singapore citizens - who now make up barely over 60% of the population - see the overseas arrivals as competition for housing, schools and space in a city-state whose per capita income of $54,500 masks one of the biggest income gaps in the world. - With reports from Agence France-Presse


New Singapore political party, Singaporeans First, formed

Former presidential candidate Tan Jee Say unveiled Singapore's newest political party, Singaporeans First, on Sunday.


The party's manifesto - 'Fair Society, Strong Families and Esteemed People' - was announced along with a list of 11 founding members, which include 60-year-old Tan himself as well as members of the medical profession, architects and company directors.Tan Jee Say (second from right) along with Dr Ang Yong Guan (rightmost) at the party's unveiling.


They include Dr Ang Yong Guan, psychiatrist and former grassroots leader, who along with Tan ran under the Singapore Democratic Party banner at the 2011 elections; Michael Chia, retired engineer and volunteer social worker; Fahmi Rais, communications professional and former Young PAP member; Fatimah Akhtar, architect; Dr David Foo Ming Jin, chemist and former Young PAP member; Jamie Lee Swee Yan, IT professional; Winston Lim, architect; Loke Pak Hoe, company director; and Tan Peng Ann, retired army colonel and former PAP grassroots leader.Speaking at the party's unveiling on Sunday at a media conference, Tan said discussions about forming a new party first began last year, and that joining a current opposition party instead of starting a new one was the 'easy way out'.Members of new Singapore political party Singaporeans First speaking at a media conference. When asked if his new Singaporeans First party would dilute opposition votes further, Tan said it would depend on how the opposition would work together, adding that he was also open to forming coalitions. The next General Election is due to be held by 2016. On what the new party stood for, Tan said it aimed to remove the Goods and Services Tax, because it was especially unfair to lower and middle class Singaporeans. Another key policy it was aiming for was free education as it wanted to increase the fertility rate by making it affordable to raise childen in Singapore. It also proposed unemployment insurance, old age pension and affordable healthcare. Tan added the party would begin walkabouts and preparing policy papers for public consultation after formally registering the party, which he estimated would take two months.Seven of the eleven founding members for new Singapore political party Singaporeans First at a media conferenc ...


A financial adviser and fund manager, party leader Tan was formerly the principal private secretary to then Deputy Prime Minister Goh Chok Tong. He and Dr Ang had previously ran for 2011 elections together under the SDP banner in the Holland-Bukit Timah GRC.


Tan left the political party before announcing his candidacy for the 2011 presidential election. He garnered 25% of popular votes, losing out to Tan Cheng Bock and eventual President Tony Tan Keng Yam.


After the elections, Tan had leased a three-storey building along Orchard Road to host weekly policy discussions. The venue, known as 'Heart Beat', had to be closed down following tenancy issues. The space was reportedly approved for restaurant and office use only.


Singapore replaces Mauritius as top source of FDI in India


NEW DELH: Singapore has replaced Mauritius as the top source of foreign direct investment into India, accounting for about 25 per cent of FDI inflows in 2013-14.


During the last financial year, India attracted $5.98 billion in FDI from Singapore, whereas it was $4.85 billion from Mauritius, according to the data of the Department of Industrial Policy and Promotion (DIPP).


According to experts, the Double Taxation Avoidance Agreement (DTAA) with Singapore incorporates Limit-of-Benefit (LoB) clause which has provided comfort to foreign investors based there.


'LoB clause in India-Singapore treaty justifies the substance in Singaporean entities, bringing certainty and avoiding chances of litigations,' Head of Tax and expert on FDI with corporate law firm Amarchand & Mangaldas Krishan Malhotra said.


FDI inflows from Mauritius have started drying up on fears of the impact of General Anti Avoidance Rules (GAAR) and possible re-negotiation of the tax avoidance treaty, he added.


The inflows from Mauritius in the last fiscal are lowest since 2006-07. On the other hand, FDI inflow of $5.98 billion in 2013-14 is the highest ever received from Singapore since 2006-07.


The controversial General Anti Avoidance Rules provision, which seeks to check tax avoidance by investors routing their funds through tax havens, will come into effect from April 1, 2016 in India.


The GAAR provision will apply to entities availing tax benefit of at least Rs 3 crore.


It will apply to Foreign Institutional Investors that have claimed benefits under any DTAA.


The India-Mauritius DTAA is being revised amid concerns that Mauritius is being used for round-tripping of funds into India even though that country has always maintained that there have been no concrete evidence of any such misuse.


Foreign investments are crucial for India, which needs about $1 trillion by March 2017 to overhaul infrastructure such as ports, airports and highways and boost growth.


Overall FDI into India grew by 8 per cent year-on-year to $24.3 billion in 2013-14.


Saturday, May 24, 2014

Is Singapore the Perfect Country for Our Times?



SINGAPORE -- You land at Changi Airport after flying for what seems a lifetime, and you're naturally disoriented, even before you hit the customs booths that feature bowls of mints, dire warnings about the death penalty for those bringing in drugs, and digital comment cards asking if the service was to your liking. Duck into a public restroom and you'll be exhorted to aim carefully and to 'flush with oomph' for the sake of cleanliness. Outside, it's tropical sticky but impeccably clean, in a city inhabited by Chinese, Malays, Indians, and a multiplicity of guest workers from around the world -- all speaking English.


Singapore is an assault on one's preconceptions.


Singapore calls itself the Lion City, but it would be more accurate to call it the Canary City -- the canary in globalization's gold mine. Arguably no other place on earth has so engineered itself to prosper from globalization -- and succeeded at it. The small island nation of 5 million people (it's really just a city, but that's part of what's disorienting) boasts the world's second-busiest seaport, a far higher per capita income than its former British overlord, and a raft of number one rankings on lists ranging from least-corrupt to most-business-friendly countries. On the eve of celebrating its 50th anniversary as an independent nation, Singapore is proof that free trade can and does work for multinationals and ordinary citizens alike. So long as globalization continues apace, the place thrives.


Singapore's defining achievement is summed up in the title of its longtime leader Lee Kuan Yew's memoir, From Third World to First. When it split off from Malaysia a half-century ago to become a separate nation of dubious viability, Singapore had little going for it, other than a determination to become whatever it needed to be -- assembly plant, container port, trustworthy banking and logistics center, semiconductor hub, oil refinery, mall developer, you name it. But the brilliance of its founding fathers -- okay, it was mostly one father, Mr. Lee --was in realizing that the precondition for any and all of this to happen was good governance.


Over a recent week of meetings and briefings with Singaporean business and government leaders sponsored by the nonprofit Singapore International Foundation, two offhand remarks bore this out. The first was a statement by one business leader that he has never had to pay a bribe in his lifetime. To an American audience, that may seem like a fairly modest boast, but as this speaker noted, it'd be a difficult claim to make in neighboring Southeast Asian countries (or developing nations anywhere). Growing up in Mexico, my dad (a businessman who'd never set foot in Singapore) would often go on and on at dinner about how our country needed a Lee Kuan Yew. I had a vague sense of what Dad meant, but only now do I get the vehemence behind his sentiment. You couldn't get by in Mexico back then without paying bribes, constantly.


Like Americans, Singaporeans worship the concept of meritocracy. Unlike Americans, Singaporeans entrusted their society to an all-knowing one-party technocracy, a civil service that has delivered the goods across two generations -- including affordable, publicly built housing for a majority of the population and a system of private lifetime savings vehicles that are the envy of policy wonks the world over. Society's cohesive glue, in addition to English, is a collective form of the 'Singlish/Chinese' term kiasu, which roughly translates into a fear of losing or being left behind.


Kiasu usually refers to the extraordinary lengths to which people -- individually and collectively -- have gone to ensure success. And the motivating anxieties are not hard to discern in a nation-state so small it must rely on other countries for the water it drinks and the space to train its armed forces. What if China and some other Asian state go to war over disputed islands? What if Shanghai or Hong Kong leverage their domestic markets to overshadow you as Asian financial hub? What if the Malaysians cut off your water? The brutal Japanese occupation during World War II and the recent heart-wrenching dip in trade during the financial crisis of the last decade are stark reminders of how quickly things can sour for a vulnerable canary in a gold mine.


Even now, at the height of its success, Singapore doesn't get much love (as opposed to grudging respect) from the legions of foreigners who avail themselves of its First World amenities. It's almost obligatory for Westerners visiting or residing in Singapore to complain about the 'sterility' of the place, and joke about the carefully manicured boulevards and the pristine shopping malls, contrasting Singapore unflatteringly to the grittier authenticity and 'character' of nearby Cambodia and Vietnam.


It's indeed easy to mock Singapore if you haven't lived in a poor country, and it's a form of colonial prejudice to begrudge Singaporeans their lack of Third World 'charm.' We prefer our tropics to be exotically chaotic, thank you -- not tidier and more efficient than the Swiss.


But the interesting wrinkle here is that Singaporeans themselves seem to be joining in the second-guessing about the price of development. Opposition parties are gaining some ground in parliamentary elections, capitalizing on unhappiness with strained public services, soaring prices, and an influx of super-wealthy foreign investors that resulted from the government's openness to rapid growth. Having taken care of its population's basic needs and then some, it must be galling for Singapore's relentlessly pragmatic leadership to see a surge of yearning for rooted authenticity. The few older neighborhoods that haven't been demolished -- including the first generation of public housing complexes -- are now heralded as historic landmarks, and Singaporeans treat their old botanical gardens as sacred ground. At the Singaporean government's world-renowned scenario-planning futures think tank, one analyst confided that she is looking into the uptick of nostalgia and what it might mean for policy.


This ill-defined sense of nostalgia (presumably an irrational sentiment in a place that's gone from Third to First World in record time!) reflects the tensions inherent in globalization. You can leverage all of your comparative advantages to succeed in the global marketplace, and transform yourself accordingly, only to end up feeling some unease at having your distinctive sense of place eroded.


Until recently, Singapore was among the most welcoming places to outsiders, with one out of every three residents born elsewhere. But with fertility rates dropping, the country opened the floodgates to immigrants to ensure continued growth and prosperity--turning immigration into a lightning rod. This being policy wonk heaven, one of the triggering events to a national debate on the issue was a government white paper discussing the target of reaching a population of 7 million. A more spontaneous triggering event was a modest riot late last year in the city's Little India Quarter. This was the subject of the second offhanded remark that struck me most during my recent week in Singapore, when a government official, off-script, said with some relish: 'Imagine that, we had a riot: We must be a real place.'


A general unease about Singapore's identity and concerns about overcrowding (owning a Honda Accord will set you back more than $100,000, in what has to be the bluntest form of congestion pricing anywhere) have forced the government to slow down its intake of immigrants and taper its growth projections. The move was a testament to how responsive Singapore's system can be to its citizenry's needs and desires, without being terribly democratic.


It was a testament, too, to how perfect Singapore -- and its paternalistic, technocratic cosmopolitanism -- is for an age of interdependence that prizes connectivity over a sense of place. There are many cautionary tales to globalization's downsides, but no better canary in the gold mine of globalization's tenuous triumphs than Singapore.


© Trade Winds/ Zocalo


Press Release | Pomeroy Studio Scoops Industry Design Awards at Singapore ...


It has been a celebratory month for Pomeroy Studio, with the collection of several green accolades. The designers and thought leaders of sustainable built environments were awarded the Singapore Building and Construction Authority's [BCA] Green Mark Platinum Award for B house - the first operational carbon negative landed property in Singapore which is scheduled to commence construction imminently.



The lessons learned from Founder, Jason Pomeroy's design of the Idea House, (the first zero carbon prototype house in Asia and the recipient of the first Green Mark Platinum Award for an overseas residence in 2011), provided the starting point for the Studio's design. Though on this occasion, instead of reinterpreting the Malay kampong tradition, they looked towards the indigenous black and white bungalow for inspiration.


The B House, led by Jason Pomeroy and supported by Associate Principal Yoshi Shimada, is a house that pushes the envelope of passive green design to optimize natural light and ventilation and drastically reduces energy and water consumption to the point of being almost zero carbon. But the installation of PV cells to the roof, equating to under 1.5% of the building budget, makes it carbon negative - generating more energy than the house occupants can consume. Despite its far-reaching green design, the house is the same cost of average landed bungalows in the vicinity.


At the BCA ceremony at Resorts World on May 22, Pomeroy Studio's Sustainability Consultant Deepshi Bhogal commented, 'We're delighted to see B House receive the recognition it deserves in order to demonstrate to developers and designers that the key to zero carbon design is a return to passive design with optimized environmental performance'. Mayank Kaushal, a certified Green Mark Manager with the Studio who undertook simulation studies on the house added, 'The sooner we can de-bunk the myth that it is more costly, the sooner we can have a greener built environment'.


Jason Pomeroy was also the recipient of the BCA-SGBC Young Green Advocate of the Year Award for his commitment and services in promoting the green agenda both in Singapore and abroad. Recognised for his passion in bridging the gap between design innovation and research; his recent book, ' The Skycourt and Skygarden: Greening the Urban Habitat', his popular architecture travel TV series, ' City Time Traveller ' - in addition to his designs for buildings, cities, and landscapes.


'I'm delighted to receive the Young Advocate Award, with a particular emphasis on the young, as it belies that I have a mind and memory of a 76 year old! In all seriousness, I am very grateful to be honored, which comes timely with the research and project work that we are pursuing'.



The awards come hot on the heels of the Studio becoming a member of the Singapore Green Building Council. The council has also certified Pomeroy Studio for their Environmental Sustainability Design services as well as their thought leadership in green roof technologies, resulting in Pomeroy becoming a member of its Green Roof Taskforce.


His continued professorship at the University of Nottingham and his research into sustainable tall buildings and vertical urbanism, for which Pomeroy is one of the World's leading experts, has also been joined by a recent appointment to Professor by the University of Venice. The subject matter remains close to his heart, and will be explored in a summer school at the University of Venice this July with Prof Luigi Croce.


Real to beat Atletico to Champions League crown, say Goal Singapore readers

The Madrid rivals will go head to head in Lisbon as they each look to create their own history in the final of Europe's elite footballing tournament


It is the ultimate showdown. Come Sunday morning, 2.45am Singapore time, the Estadio da Luz in Lisbon, Portugal, will see Real Madrid duke it out against Atletico Madrid in the Champions League final.


It is the culmination of a long journey for both city rivals in Europe's elite footballing tournament, with each looking to create their own history.


For Real, this represents a genuine chance to end their la decima obssession, with the ninth title coming in 2001/02. A 10th crown will see them become the first side to hit double figures.


For the current Atletico players, they can write themselves into club folklore by winning their first Champions League title. It will also see them complete a superb double, having beaten Barcelona last weekend to seal the La Liga title - their first since 1996.



It promises to be an intriguing final that no football supporter will want to miss and Goal Singapore readers have tipped Real to edge Atletico - but only just. 53.7% of those polled believe that Ronaldo, Bale and company will finally lead Real back to the summit of Europe, shading the other 46.3% who think that Atletico have what it takes to upset the applecart.


In truth, just like the poll results, this game looks too tough to call. But whoever emerges victorious, you can be sure to catch all the action LIVE right here on Goal.



Friday, May 23, 2014

Is Singapore the Perfect Country for Our Times?



SINGAPORE -- You land at Changi Airport after flying for what seems a lifetime, and you're naturally disoriented, even before you hit the customs booths that feature bowls of mints, dire warnings about the death penalty for those bringing in drugs, and digital comment cards asking if the service was to your liking. Duck into a public restroom and you'll be exhorted to aim carefully and to 'flush with oomph' for the sake of cleanliness. Outside, it's tropical sticky but impeccably clean, in a city inhabited by Chinese, Malays, Indians, and a multiplicity of guest workers from around the world -- all speaking English.


Singapore is an assault on one's preconceptions.


Singapore calls itself the Lion City, but it would be more accurate to call it the Canary City -- the canary in globalization's gold mine. Arguably no other place on earth has so engineered itself to prosper from globalization -- and succeeded at it. The small island nation of 5 million people (it's really just a city, but that's part of what's disorienting) boasts the world's second-busiest seaport, a far higher per capita income than its former British overlord, and a raft of number one rankings on lists ranging from least-corrupt to most-business-friendly countries. On the eve of celebrating its 50th anniversary as an independent nation, Singapore is proof that free trade can and does work for multinationals and ordinary citizens alike. So long as globalization continues apace, the place thrives.


Singapore's defining achievement is summed up in the title of its longtime leader Lee Kuan Yew's memoir, From Third World to First. When it split off from Malaysia a half-century ago to become a separate nation of dubious viability, Singapore had little going for it, other than a determination to become whatever it needed to be -- assembly plant, container port, trustworthy banking and logistics center, semiconductor hub, oil refinery, mall developer, you name it. But the brilliance of its founding fathers -- okay, it was mostly one father, Mr. Lee --was in realizing that the precondition for any and all of this to happen was good governance.


Over a recent week of meetings and briefings with Singaporean business and government leaders sponsored by the nonprofit Singapore International Foundation, two offhand remarks bore this out. The first was a statement by one business leader that he has never had to pay a bribe in his lifetime. To an American audience, that may seem like a fairly modest boast, but as this speaker noted, it'd be a difficult claim to make in neighboring Southeast Asian countries (or developing nations anywhere). Growing up in Mexico, my dad (a businessman who'd never set foot in Singapore) would often go on and on at dinner about how our country needed a Lee Kuan Yew. I had a vague sense of what Dad meant, but only now do I get the vehemence behind his sentiment. You couldn't get by in Mexico back then without paying bribes, constantly.


Like Americans, Singaporeans worship the concept of meritocracy. Unlike Americans, Singaporeans entrusted their society to an all-knowing one-party technocracy, a civil service that has delivered the goods across two generations -- including affordable, publicly built housing for a majority of the population and a system of private lifetime savings vehicles that are the envy of policy wonks the world over. Society's cohesive glue, in addition to English, is a collective form of the 'Singlish/Chinese' term kiasu, which roughly translates into a fear of losing or being left behind.


Kiasu usually refers to the extraordinary lengths to which people -- individually and collectively -- have gone to ensure success. And the motivating anxieties are not hard to discern in a nation-state so small it must rely on other countries for the water it drinks and the space to train its armed forces. What if China and some other Asian state go to war over disputed islands? What if Shanghai or Hong Kong leverage their domestic markets to overshadow you as Asian financial hub? What if the Malaysians cut off your water? The brutal Japanese occupation during World War II and the recent heart-wrenching dip in trade during the financial crisis of the last decade are stark reminders of how quickly things can sour for a vulnerable canary in a gold mine.


Even now, at the height of its success, Singapore doesn't get much love (as opposed to grudging respect) from the legions of foreigners who avail themselves of its First World amenities. It's almost obligatory for Westerners visiting or residing in Singapore to complain about the 'sterility' of the place, and joke about the carefully manicured boulevards and the pristine shopping malls, contrasting Singapore unflatteringly to the grittier authenticity and 'character' of nearby Cambodia and Vietnam.


It's indeed easy to mock Singapore if you haven't lived in a poor country, and it's a form of colonial prejudice to begrudge Singaporeans their lack of Third World 'charm.' We prefer our tropics to be exotically chaotic, thank you -- not tidier and more efficient than the Swiss.


But the interesting wrinkle here is that Singaporeans themselves seem to be joining in the second-guessing about the price of development. Opposition parties are gaining some ground in parliamentary elections, capitalizing on unhappiness with strained public services, soaring prices, and an influx of super-wealthy foreign investors that resulted from the government's openness to rapid growth. Having taken care of its population's basic needs and then some, it must be galling for Singapore's relentlessly pragmatic leadership to see a surge of yearning for rooted authenticity. The few older neighborhoods that haven't been demolished -- including the first generation of public housing complexes -- are now heralded as historic landmarks, and Singaporeans treat their old botanical gardens as sacred ground. At the Singaporean government's world-renowned scenario-planning futures think tank, one analyst confided that she is looking into the uptick of nostalgia and what it might mean for policy.


This ill-defined sense of nostalgia (presumably an irrational sentiment in a place that's gone from Third to First World in record time!) reflects the tensions inherent in globalization. You can leverage all of your comparative advantages to succeed in the global marketplace, and transform yourself accordingly, only to end up feeling some unease at having your distinctive sense of place eroded.


Until recently, Singapore was among the most welcoming places to outsiders, with one out of every three residents born elsewhere. But with fertility rates dropping, the country opened the floodgates to immigrants to ensure continued growth and prosperity--turning immigration into a lightning rod. This being policy wonk heaven, one of the triggering events to a national debate on the issue was a government white paper discussing the target of reaching a population of 7 million. A more spontaneous triggering event was a modest riot late last year in the city's Little India Quarter. This was the subject of the second offhanded remark that struck me most during my recent week in Singapore, when a government official, off-script, said with some relish: 'Imagine that, we had a riot: We must be a real place.'


A general unease about Singapore's identity and concerns about overcrowding (owning a Honda Accord will set you back more than $100,000, in what has to be the bluntest form of congestion pricing anywhere) have forced the government to slow down its intake of immigrants and taper its growth projections. The move was a testament to how responsive Singapore's system can be to its citizenry's needs and desires, without being terribly democratic.


It was a testament, too, to how perfect Singapore -- and its paternalistic, technocratic cosmopolitanism -- is for an age of interdependence that prizes connectivity over a sense of place. There are many cautionary tales to globalization's downsides, but no better canary in the gold mine of globalization's tenuous triumphs than Singapore.


© Trade Winds/ Zocalo


Thursday, May 22, 2014

Bye, Singapore: the hottest new stopover cities for Australians


Dubai is a top stopover choice for many Australians who are flying to Europe. Photo: Dubai Tourism


Shopping in Bangkok and eating noodles in Singapore are yesterday's news.


As we head into the peak season for trips to the northern hemisphere, the hottest stopover destinations are in the Middle East and China, with big-name attractions, cultural bites and longer stays on the menu.


'There's definitely been a noticeable shift in recent times,' says the managing director of Creative Holidays, James Gaskell. 'A lot of people are chasing more unusual experiences on their way to Europe.'


Gaskell says the nature of stopovers has changed, from the traditional one-night 'wash and brush up' in Hong Kong or Singapore to three or four days of active sightseeing and exploring in new cities.


The shift in destinations is largely due to changes in the airline scene, particularly the growth of Middle Eastern airlines Emirates and Etihad, and Qantas's partnership with Emirates.


Increased flight options to Chinese cities have also played a role, along with the introduction of visa-free stopovers for Australian travellers to Guangzhou.


China Southern Airlines, which has been actively promoting the 72-hour visa-free option since it was introduced last August, says nearly 40 per cent of travellers who have taken it up have been from Australia and New Zealand.


The airline has worked with local tourism authorities to put together stopover packages including Cantonese food and local sights, as an alternative to our traditional Asian stopover cities.


Guangzhou might be new to many Australian travellers, but China Southern says it is now China's third largest city for tourism, clocking up more than 50 million visitor nights last year.


The executive general manager of marketing for Flight Centre, Colin Bowman, agrees long-standing stopover destinations such as Hong Kong and Singapore have waned, with many Australians now flying to Europe via Dubai or Abu Dhabi.


Bowman says some travellers are 'not particularly enamoured' with the Middle Eastern routes, which offer a very long leg out of Australia followed by a shorter leg into Europe, but many see it as an opportunity to bypass London and go straight into other European cities.


Some choose the Middle Eastern routes because they want to fly with the well-regarded Middle Eastern carriers, while others see it as an opportunity to explore somewhere new and see 'two cities for the price of one'.


'People are open to these options because they're always looking for new places to go,' Bowman says. 'There are some good accommodation deals, too, especially in Dubai and Abu Dhabi.'


Bowman says stopover travellers in the Middle East can get four or five star hotels from about $100 a night, making it an affordable add-on to their holiday plans.


James Gaskell says the average stopover in Dubai for Creative Holidays customers is four days, while a typical stopover in Abu Dhabi is two to three nights. He believes the 'Dubai publicity machine' has played a big role in the Middle East's growing popularity, along with the number of big-name attractions in the region.


Do you think the Middle East and China are the best stopover destinations? What would your stopover choice be? Post your comments below.

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Singapore braces for pollution nightmare

Singapore is approaching its yearly 'haze' season, when smoke from forest clearing in Indonesia chokes the air, with this year likely to be worse than 2013's record pollution thanks to lack of action in Jakarta and an expected El Nino weather pattern.The prosperous city-state, which prides itself on its clean air, was shrouded in heavy smog from slash-and-burn clearances on the neighbouring Indonesian island of Sumatra last June which sent its air pollution index to a record high.One year on, and an election-distracted government in Indonesia has still not ratified the Association of Southeast Asian Nations (ASEAN) 2002 Agreement on Transboundary Haze Pollution, and fires continue to burn in Sumatra.That is despite outrage in Singapore as well as environmental groups putting pressure on Jakarta. Fires are used to clear land on plantations and can burn for weeks because of peat deposits below the surface.There is also a growing likelihood of an El Nino weather pattern this year, meaning Singapore, as well as parts of Indonesia and Malaysia, could be set for months of intense haze with a knock-on effect on health and business, especially tourism.A strong El Nino, marked by a warming of the surface of the Pacific, can cause severe drought in Australia, Southeast Asia and India, while drenching other parts of the world such as the US Midwest and Brazil in rain.'If we get four to six months of dry period in Southeast Asia starting from June, we could be in for a very difficult period, if companies' and people's behaviour do not change', Singapore environment minister Vivian Balakrishnan told a conference.Frustrated by the lack of progress, Singapore is taking matters into its own hands by proposing a new law that aims to punish individuals and companies outside its borders that are responsible for polluting its air.That's expected to be tabled in parliament later this year. Legal experts hail the bill as a bold move, but question how it will be implemented.Finding who is responsible for the haze is hard given the lack of evidence like maps showing who owns the land where fires are burning. Both Indonesia and Malaysia have refused to share clear and updated land use and concession maps so far.Bringing a prosecution in Singapore courts will be even tougher.'The basic evidential inquiry needed to resolve the problem, i.e. to find out who is setting fires to whose land cannot even be conducted', said Alan Tan, professor at the Faculty of Law and Centre for International Law at the National University of Singapore. 'Let alone the more complex tasks of actually prosecuting perpetrators or managing land use conflicts for the longer term.'Two of the world's largest palm oil companies, Wilmar International and Golden Agri-Resources have been applauded for committing to no deforestation policies after criticism in the past.Alongside the palm oil industry, paper and pulp companies have also been blamed for haze.



Singapore Airlines plane skids off runway at Myanmar's Yangon International ...

Travel Incidents



Singapore airlines said none of the 265 passengers and crew onboard were injured. Photo: AFP


A Singapore Airlines plane skidded off the runway on touching down during heavy rain at Myanmar's Yangon International Airport, but no injuries were reported, the carrier said Thursday.


The Airbus A330 plane 'encountered heavy rain and veered slightly off the runway on landing' Wednesday, scheduled for 9:20am (0250 GMT), before it was steered safely back, the airline said in a statement.


'The aircraft was towed to the gate and customers disembarked normally,' the airline said in a statement, adding that a replacement plane was sent to Yangon for the return flight.


The plane, flight SQ998 on a daily route to Myanmar, was carrying 265 passengers and crew, the airline said.


On May 9, an Airbus A380 superjumbo operated by the airline on a flight to Hong Kong was forced to turn back to Singapore after pilots received a warning about a problem with a cargo door.


In January, one of the airline's A380 fleet was forced to make an emergency landing in Azerbaijan after suffering a drop in cabin pressure.


The flag-carrier subsequently said its investigation into the incident focused on a main deck door that appeared to have suffered a leak.


Singapore Airlines has 19 A380s with five others on order, operating on routes from Singapore to various destinations including Hong Kong, Frankfurt, London and Los Angeles.


AFP

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Wednesday, May 21, 2014

Singapore Braces For Worst 'Haze' Season As Indonesia Fails To Halt Slash ...

Posted:


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By Rujun Shen SINGAPORE, May 21 (Reuters) - Singapore is approaching its yearly 'haze' season, when smoke from forest clearing in Indonesia chokes the air, with this year likely to be worse than 2013's record pollution thanks to lack of action in Jakarta and an expected El Nino weather pattern. The prosperous city-state, which prides itself on its clean air, was shrouded in heavy smog from slash-and-burn clearances on the neighboring Indonesian island of Sumatra last June which sent its air pollution index to a record high. One year on, and an election-distracted government in Indonesia has still not ratified the Association of Southeast Asian Nations (ASEAN) 2002 Agreement on Transboundary Haze Pollution, and fires continue to burn in Sumatra. That is despite outrage in Singapore as well as environmental groups putting pressure on Jakarta. Fires are used to clear land on plantations and can burn for weeks because of peat deposits below the surface. There is also a growing likelihood of an El Nino weather pattern this year, meaning Singapore, as well as parts of Indonesia and Malaysia, could be set for months of intense haze with a knock-on effect on health and business, especially tourism. A strong El Nino, marked by a warming of the surface of the Pacific, can cause severe drought in Australia, Southeast Asia and India, while drenching other parts of the world such as the U.S. Midwest and Brazil in rain. 'If we get four to six months of dry period in Southeast Asia starting from June, we could be in for a very difficult period, if companies' and people's behavior do not change,' Singapore Environment Minister Vivian Balakrishnan told a conference. Frustrated by the lack of progress, Singapore is taking matters into its own hands by proposing a new law that aims to punish individuals and companies outside its borders that are responsible for polluting its air. That's expected to be tabled in parliament later this year. Legal experts hail the bill as a bold move, but question how it will be implemented. Finding who is responsible for the haze is hard given the lack of evidence like maps showing who owns the land where fires are burning. Both Indonesia and Malaysia have refused to share clear and updated land use and concession maps so far. Bringing a prosecution in Singapore courts will be even tougher. 'The basic evidential inquiry needed to resolve the problem - i.e. to find out who is setting fires to whose land - cannot even be conducted,' said Alan Tan, professor at the Faculty of Law and Center for International Law at the National University of Singapore. 'Let alone the more complex tasks of actually prosecuting perpetrators or managing land use conflicts for the longer term.' Two of the world's largest palm oil companies - Wilmar International Ltd and Golden Agri-Resources Ltd - have been applauded for committing to no deforestation policies after criticism in the past. Alongside the palm oil industry, paper and pulp companies have also been blamed for haze. Indonesia's Riau province declared a state of emergency in February as haze from raging forest fires disrupted flights and marine navigation and tens of thousands fell sick with respiratory problems. The airport in the provincial capital closed for more than three weeks. 'The task force the president sent to the field was able to quench the fire but not solve the fundamental problem,' Heru Prasetyo, head of Indonesia's REDD+ (Reducing Emissions from Deforestation and Degradation), told Reuters. (Additional reporting by Andrew Toh in SINGAPORE and Michael Taylor in JAKARTA; Editing by Nick Macfie)


Singapore Airlines flight veers off Myanmar airport runway

POSTED: 22 May 2014 07:32

SINGAPORE: Singapore Airlines (SIA) has confirmed that one of its planes veered off the runway on Wednesday (May 21) while landing at the Yangon International Airport in Myanmar.


An SIA spokesperson told Channel NewsAsia that flight SQ998, an Airbus A330 that took off from Singapore and which was scheduled to land in Yangon at 9.20am on Wednesday, encountered heavy rain and veered 'slightly off' the runway on landing.


There were no reports of injuries. The aircraft was towed to the gate and all passengers disembarked safely, the spokesperson said, adding that a replacement aircraft was sent to Yangon to operate the return flight.


The airport was closed for half an hour due to the incident, Xinhua news agency reported.


From Our Website From the Web

Australian Government Should Follow Singapore in Supporting Startups

Tony Abbott's Coalition Government has taken a severe beating in recent polls following the release of the newest federal budget plans. While the AUD$80 billion slash in funds for health and education over the next ten years has received the most attention, the entrepreneur community is also reeling in palpable frustration.


Treasurer Joe Hockey announced the abolition of a range of industry assistance programs to save over $845 million. He argues, 'Businesses should stand or fall on their ability to produce the goods and services that people will actually want.' Although this statement affirms the 'product-market fit mantra', it is ignorant of the fact that Australia's start-up community is relatively nascent and still needs support.


Among the victims of the budget reform are the Innovation Investment Fund (IIF) and Commercialisation Australia, two important pillars of a support system for Australian technology and innovation. IIF was established to seed venture capital firms and innovative Australian companies. SEEK, one of Australia's most successful companies was an early beneficiary of the program. Likewise, Commercialisation Australia - a government initiative offering funding and resources to businesses, researchers, and inventors looking to commercialise innovative intellectual property - will also be killed.



The government will replace these initiatives with a single, new service called the Entrepreneurs' Infrastructure Program that is due to provide $484.2 million over five years to 'improve the capabilities of small to medium enterprises and streamline business access to government programs.' Details of the new program are currently vague and still need to be finalised.


On one hand, the government can be seen to be trying to save money and repair the budget - which is genuinely needed. On another, perhaps the government really doesn't know how to manage the organisations and funds to administer them. Take IIF for example, where $130 million of the total $600 million deployed over the course of its sixteen-year existence was spent on various fees and costs. Kim Heras, a Founder of 25Fifteen - a Bondi based start-up incubator says, 'The government can do a raft of things that make startups a more interesting investment asset class - particularly from a tax perspective - but it can't be handouts. The government needs to support private sector efforts rather than over-administer them.'


Although Australia ranks a respectable 19th on the Global Innovation Index ranking by World Intellectual Property Organization, it can do better. Singapore has a quarter of Australia's population and ranks eighth in the world. Singapore has also been churning out world-class start-ups with very successful exits. Two notable exits of late are Viki's US$200 million acquisition by Rakuten and Zopim's $30 million acquisition by Zendesk. As reported by TechinAsia, Zopim received strong support from Singaporean Government grants and investments including the Media Development Authority, SPRING Singapore and the National University of Singapore.


More specifically, here are some Singaporean government initiatives that have been crucial to supporting start-ups and that you should know about:


SPRING - A collection of programs, including ACE, which supports first time entrepreneurs with mentors, networks and funding, and SEEDS, an equity based co-financing option. MDA i.Jam - Provides fund matching up to S$100,000 by founders or incubators National Research Fund Technology Incubation Scheme - Co-invests up to 85% of the investment (maximum of S$500,000) by a recommended incubator.

Moreover, Singapore's Government doesn't just throw money to grants. It is also very serious about creating a physical infrastructure for entrepreneurs and start-up support services to co-exist through Block projects. Block-71 was the first government experiment to house start-ups. Originally a dying industrial zone, it has been transformed into a place for entrepreneurs to work and grow together. Singapore now plans to expand the Block projects to three buildings and double the number of companies working in the Blocks from 250 to 500 by the end of the year.


The Infocomm Development Authority of Singapore (IDA) is further ramping up start up support efforts this year with a new acceleration program, an accreditation program to encourage government entities and large enterprises to adopt emerging technologies, and the development of a new fabrication lab to give young people an opportunity to experiment with new hardware electronics and software.


Singapore's government has pumped around S$100 million dollars into its early stage start-ups. This contributes to the extraordinary amount of venture capital funding in Singapore of $1.7 billion last year, a stunning figure when compared to China's $3.46 billion. Australia only had a measly $111 million of venture capital injected last year, a drop of 20% from the previous year. There is even fear that Australia's venture capital industry could disappear altogether if changes flagged in an upcoming tax review take too long to be implemented, according to Australian Private Equity and Venture Capital Association chief executive Yasser El-Ansary.


Some have criticised the amount of over-reaching involvement by Singapore's Government to artificially spur innovation and entrepreneurship. However, like a professional lead-out-man cyclist in a Tour De France race, the government is carefully carving a path for start-ups and will eventually fall back; after the ecosystem has gained sufficient momentum and money from successful exits have been recycled into the ecosystem to more naturally propel the next generation of start-ups.


Conversely, the Australian Government seems to be retracting prematurely just as Australia's startup environment is heating up. If Australia seriously wants to compete globally, let alone regionally, the government must not diminish the value of its contribution now. Investing into Australian entrepreneurs is an important investment into securing Australia's future.


Video shows Mugabe at a hospital in Singapore

Special Report

Contaminated tap water has been blamed for the death of at least 328 Zimbabweans across the country so far this year, according to a report.


Cape Town - Video footage has emerged showing Zimbabwean President Robert Mugabe arriving at a private hospital in Singapore with his wife, Grace.The footage released by Britain's public broadcaster Channel 4 shows Mugabe and his wife entering Gleneagles Hospital.Grace and Mugabe's bodyguards make an attempt to stop the cameraperson from filming the veteran leader.'Why are you taking photo?... You can't take photo,' Grace is heard pleading with the cameraperson, who maintains that 'it's a public place'. Check out the video below.According to New Zimbabwe.com Gleneagles Hospital says its Parkway Eye Centre offers the latest in blade-free LASIK and cataract removal surgery. Mugabe has admitted having cataracts removed on both eyes in Singapore.Channel 4, however, says there is also a 'well-regarded' cancer clinic at the same hospital.A leaked 2008 US diplomatic cable cited then bank governor Gideon Gono as saying Mugabe had prostate cancer, a claim denied by officials.Mugabe left Harare for Singapore last week with his spokesperson saying he was on a 'private visit' during which he would also undergo 'a routine eye check up' following 'a recent procedure on the same'.Succession battle Mugabe's health is a concern for Zimbabweans who fear instability if he dies in office without resolving a succession battle raging in his ruling Zanu-PF party.Mugabe's closest ally, Didymus Mutasa, recently warned journalists against publishing stories on his (Mugabe's) health, saying the regime would deal ruthlessly with such scribes.According to The Daily News, Mutasa said journalists and people who fuelled speculation on Mugabe's health should be punished severely.Mugabe has long been rumoured to be seriously ill and has travelled to Singapore for medical checks several times in the past five years.He has ruled Zimbabwe since independence from Britain in 1980.


- News24