Author: Mei Ling Tan

  • Mirus adds 1.5″ to AirAsia knee room, aims high with new options

    Mirus adds 1.5″ to AirAsia knee room, aims high with new options

    AirAsia’s seatmaker Mirus made headlines even before the recent Aircraft Interiors Expo Asia started by announcing a partnership with digEcor and IFPL to add USB power to the armrest of its slimline seating. But Mirus isn’t just driving a step-change in the passenger experience for shorthaul LCCs. It’s also offering more fully featured seat options, one including a headrest inspired by a luxury car, which seems appropriate given the company’s automotive heritage. And, perhaps most crucially for the AirAsia passenger experience, it’s using smart design to carve out over an inch and a half of extra knee room — a full five percent extra on AirAsia’s tight seating.

    “This show, we’ve got some different variants of the seat,” Mirus CEO Phil Hall explained as he showed Runway Girl Network around the company’s AIX Asia stand. “We’ve got an entry-level seat, we’ve got a nominal AirAsia spec, and we did a heritage throwback line inspired by a 1970s Porsche. All these airlines have been around a long time, they’ve got a lot of heritage and they should be proud of it, and we’re trying to visualise some of that in the dress covers.”

    Most interesting, though, was the headrest, a snap-on, snap-off cushion. “That’s the S-Class inspired headrest. We’ll roll that out on AirAsia’s Hot Seats. Tony Fernandes said to me, ‘I really love the headrest on the S-Class Mercedes’,” Hall explained. “This is not production final, but I think we’re about 90% of the way there. There’s a small adjustment — you just un-velcro it and lift it up. It’s a similar type of feature to Emirates in their business class. We dressed it with Alcantara highlights just to mix up the textures a little bit, mix up the dress covers, and differentiate the brand. It’s a nice material, a tactile material, and it changes the appearance of the seat a little bit. This is more of a design and styling focus in terms of what we can do.”

    With a simple popper design for attachment, the headrest adjusts using velcro. Image: John Walton

    With a simple popper design for attachment, the headrest adjusts using velcro.

    “We’ve got production versions of the armrests here, and the aisle bumpers are our production spec,” Hall said. “We’ve changed the design language quite significantly, to a more dynamic looking seat. In Hamburg we didn’t have these available. What’s not on these seats is the production version of the backrests. We took a hit on the programme because we found quite a significant benefit to passenger space on the seatback, below the seatback area. Because we have a carbon-fibre frame, it allows us to mould the shape into whatever we want, because the carbon-fibre gives us the strength and the stiffness we need, and gives us the mobility. So we took a period of time to fully exploit that fact. We showed it to AirAsia, and they’re pitching at 28”, 29”, so it’s quite squeezy on there, and it was a genuine benefit to the passenger. That’s not on show here, but we’ll have that in Hamburg. It’s about an inch and a half. It was worth us taking the hit and offering a more competitive product.”

    “We’re looming up to certification and getting the seats in the air,” Hall added. “That’s our main target. All of our tooling has been commissioned, and the first production parts are now coming in. We built the certification seats from those parts. We’ve done all the precertification testing with non-production tool components, so we have a very good confidence level when we go into certification. The flam booth is there. The self-sufficiency aspect of the whole thing is coming together quite nicely. It’s all converging on a point.”

    “We did all the preliminary testing, pre-certification testing — 16G, 4G side, 9G static, 14G down — primarily to test the strength of the product but also to correlate all the virtual simulation that we do,” Hall said, noting that Mirus has succeeded with its head injury criterion (HIC) testing at pitches from 28” to 35”. “We’ve heavily invested in virtual prototyping and virtual product development, both software and process. We do another series of sub-assembly testing to validate those models as well.”

    It’s clear from the company’s level of hardware and testing investment that Mirus isn’t content simply to supply three hundred shipsets of A320 seats for AirAsia: the company wants to be much, much more than that. If Mirus was a seatmaker to watch six months ago when it burst onto the interiors scene, it’s doubly so now.

  • Goldman’s Instructed by ANZ

    Goldman’s Instructed by ANZ

    It has been an interesting week for Australian bank ANZ. On Monday it agreed a deal with Singaporean bank DBS to dispose of its Asian wealth units. Now it appears the bank has hired Goldman Sachs for another deal.

    According to a report the bank has appointed Goldman Sachs to lead the sale. Also involved in any transaction will be the Melbourne-based boutique Flagstaff Partners.

    Insurance Units Next to go?

    Flagstaff has worked with ANZ on several occasions including as a financial adviser to the ANZ Banking Group on the sale of ANZ Trustees to Equity Trustees. It also acted as a financial adviser on the acquisition of the remaining 51 percent shareholding in the ANZ-ING wealth management and life insurance joint venture.

  • Ex-UBS Executive Director Joins HSBC

    Ex-UBS Executive Director Joins HSBC

    A former Executive Director, Wealth Management at UBS, Singapore, has crossed the street to take up a senior role with rival HSBC Private Bank.

    In a statement HSBC Private Bank said: «We can confirm the appointment of Shang-Wei Chow as a Market Head, Domestic (Singapore) team at HSBC Private Bank, effective 3 November 2016. His appointment underpins our continued efforts to enhance our client servicing capabilities and deepen our engagement with clients.»

    Chow is a seasoned private banker with nearly 15 years of experience managing client relationships and wealth portfolios in Southeast Asia. As a Market Head of the Domestic team he will be responsible for new business development and deepening existing client relationships in line with HSBC’s strategy. Prior to joining the bank he was Executive Director, Wealth Management at UBS, Singapore.

    A Year of Change

    HSBC has seen numerous changes to its Singaporean private bank throughout 2016 including the departures of HSBC veterans Rob Ioannou to DBS and Michael Hua to LGT Private Bank.

    HSBC Private Bank in the city-state has also appointed several new bankers including a Head of Investment Counselling together with a new Head of Ultra High Net Worth Investment Counselling.

  • GPSengine, Alematics forge partnership in tracking fleets

    GPSengine, Alematics forge partnership in tracking fleets

    Alematics a tracking device manufacturer for fleet tracking and management and GPSengine, a leading hosted platform service provider in IoT, GNSS, Tracking and Telematics,have established a new partnership to support Alematics tracking devices on GPSengine’s Platform Connect hosted platform.

    Based in Taiwan and with a core focus on tracking devices, Alematics provides a range of trackers suitable for a range of industries and applications.  The combined solution made available by this partnership provides customers with a ready to go solution.  Projects in the fleet tracking space take time to develop and implement and this incurs costs for organisations even before they can see basic tracking.  With this combined offering, organisations can install Alematic trackers and start tracking straight away utilising Platform Connect, reducing the cost and time to implement traditional solutions.

    Platform Connect is a hosted platform service that receives, processes and stores information from GNSS, IoT’s, devices, sensors, applications and third party services.  Based in Brisbane, Australia, GPSengine is a white label IoT platform provider, specialising in vehicle tracking.  Recognised globally for innovation and quality, the GPSengine platform is the result of more than 10 years working in the telematics space. Since 2014 their primary focus has been the development and support of an easy-to-skin, customisable white label GPS tracking platform, as well as seamless integration of supporting hardware. This combination means GPSengine delivers a comprehensive M2M technology enabling companies to connect and monitor assets with confidence. Alematics (www.alematics.com) vision and aim is to provide added value for people and companies by creating the latest technologies that bring comfort, efficiency and security to everyday life.

  • AI, Gamification and Blockchain at DBS Hong Kong Accelerator

    AI, Gamification and Blockchain at DBS Hong Kong Accelerator

    Showcasing innovative fintech solutions that leverage artificial intelligence, blockchain technology, gamification and more, the founders of seven startups from Hong Kong and around the world met with hundreds of potential investors at DBS Accelerator Demo Day, the finale of the second DBS Accelerator programme in Hong Kong.

    Accelerators play a vital role in the Asian startup ecosystem and in supporting innovation. Providing vast resources, mentor support and dedicated work and office space, DBS Accelerator aims to create opportunities for innovators from across Asia and globally.

    Financial Innovation Evolving Rapidly

    The seven startups in this year’s programme are Flowcast, FOMO Pay, Hampen Technology, Mindlayer.io, NetGuardians, Playbasis and XinGuo Technology. They were selected from more than 150 applicants from around the world, including Hong Kong, Singapore, China, Thailand and the U.S.

    «We believe FinTech has the ability to go beyond mere disruption and make a tangible difference to the experiences customers have in using financial products and services,» said Lawrence Morgan, CEO of Nest.

  • Tata Motors signs MoU with PT Pindad to sell armoured vehicles in Indonesia

    Tata Motors signs MoU with PT Pindad to sell armoured vehicles in Indonesia

    Tata Motors and PT Pindad have signed a Memorandum of Understanding (MoU) for cooperation to explore market potential of Tata Armoured Vehicles in Indonesia and other regions of ASEAN.

    The MoU also includes a study to check the feasibility of locally assembling Tata Armoured Vehicles at PT Pindad’s facility, in Bandung in West Java province of Indonesia.

    PT Pindad is an Indonesian state-owned enterprise specialising in military and commercial products.

    Commenting on the occasion, Biswadev Sengupta, president director of Tata Motors Indonesia, a subsidiary of Tata Motors – Agent licensee (APM) of Tata Motors brand in Indonesia, said, “This is a very important milestone for Tata Motors operations in Indonesia and is a matter of pride to be able to co-operate with PT Pindad, which is held in high esteem by the Indonesian community. I am sure that through this arrangement, we can create a lot of value in Indonesia, a market which we are committed to in the long term.”

    “This foray into the defense business in Indonesia, is in continuation with the strides made in the logistics business in the country, where more than 3000 Tata vehicles are already on the road, covering pickups, light trucks, buses and heavy trucks,” added Biswadev.

    PT Pindad provides the main weapon systems (Alat Utama Sistem Senjata or Alutsista) required to support independence in defence and security of the Republic of Indonesia. Furthermore, PT Pindad (Persero) also produces several industrial products for other aspects such as transportation and commercial explosives. Its activities cover design, development, engineering and fabrication as well as maintenance.

    Tata Motors has been associated with the country’s off-road defence and security forces, since 1958 and has supplied over 110,000 vehicles to the Indian military and paramilitary forces, so far. The company exports its range of defence vehicles to the SAARC, ASEAN and African regions.

  • World Bank approves loan for Indonesia`s logistics sector

    World Bank approves loan for Indonesia`s logistics sector

    The Executive Board of the World Bank has approved a US$400 million Development Policy Loan for the Indonesias Logistics Reform, which will be used to improve the countrys logistics system and connectivity.

    “These reforms will help Indonesia in achieving higher inclusive growth,” World Banks Country Director in Indonesia Rodrigo Chaves said in a statement received by ANTARA here on Thursday.

    Chaves explained the US$400 million loan will support Indonesia to overcome obstacles in the supply chain, such as dwelling time and trading permits.

    The inefficient dwelling time has resulted in Indonesias logistics costs accounting for 25 percent of the total costs, while Thailand is only 15 percent and Malaysia is 13 percent.

    Currently, the cost of container shipping of oranges from Shanghai, China to Jakarta is cheaper than the cost of similar items shipping from Jakarta to Padang, West Sumatra.

    Though, the distance between the two cities in Indonesia is only a sixth of the distance between Jakarta and Shanghai.

    “Logistics efficiency will improve connectivity and provide a significant impact on the competitiveness of the country. Improved logistics can reduce the cost of goods and services flows, especially in remote and underdeveloped regions in Indonesia,” Chaves said.

    The Development Policy Loan will support Indonesia over a transition period from the commodity-dependent economy to manufacturing-based economy with high competitiveness.

    World Banks Senior Economist Massimiliano Cali added that the high cost and unreliable logistics are obstacles in improving national competitiveness.

    “Managing these problems will increase production and export, thus lifting economic growth,” he said.

    The three main objectives of this funding is increasing the performance of the ports, improving the competitiveness of logistics services and strengthening trade facilitation.

    World Banks support for the logistics reform is an important part of the Partnership Framework of World Bank Group States, which is centered on the governments priority to bring significant changes.

  • Program to open new rice fields in East Nusa Tenggara to continue in 2017

    Program to open new rice fields in East Nusa Tenggara to continue in 2017

    Head of the East Nusa Tenggara provincial Agriculture and Plantation Service Yohanes Tay Ruba said the province would continue the program of opening of new rice fields in 2017.

    “Currently we are conducting rationalization and preparation of the program for the opening of new rice fields to be implemented in 2017,” Yohanes said here on Saturday.

    He said implementation of the program this year could not be carried out as expected over delay in the disbursement of General Allocation Fund (DAU) from the central government.

    Until now 1,960 hectares of new rice field had been opened or falling short of the target of 2,709 hectares for this year, he said.

    Around 224.22 hectares of the new rice fields have been ready for cultivation, he added.

    “We hope the rest could be carried out with work starting early next year, that farmers could increase their rice production,” he said.

    Yohanes delay in the implementation of the program was recorded in a number of areas including in the regencies of Kupang, Sumba Timur, and Flores such as regencies of Ende and Manggarai Barat.

    The regency of Ende was to have Rp11,538,089,786 in the delayed DAU each month from September to December.

    Kupangs delayed share of the DAU in the same periods was Rp25,466,413,828; and the regency of Sumba Timur was to have Rp11,532,251,253 and the regency of Manggarai Barat was to receive a disbursement of Rp18,071,885,782 each month during the four months period.

    Yohanes said the opening of new rices fields in NTT so far had been carried out through cooperation with the military with solders sent to the fields together with the government elucidation team to encourage the farmers in expanding their rice fields.

    “We appreciate the assistance offered by the military for the farmers to increase their productivity,” he said.

    He said he hoped such cooperation would continue that when the budget fund had been available the program to open more new rice fields could be implemented as expected.

    Earlier this week President Joko Widodo said the country would not import rice in the rest of this year.

    Agriculture Minister Andi Amran Sulaiman has said there would be no scarcity in rice supply in Indonesia as the country is predicted to have a surplus of 400,000 tons in production this year.

    The minister said based on a survey by the Central Bureau of Statistics (BPS) the countrys rice production rose significantly this year.

    The survey said planting areas in July-September, 2016 reached 1 million hectares up significantly from an average of 500,000 hectares in earlier years.

    Based on an assumption that a hectare would turn out 6 tons of unhulled rice, the countrys production of unhulled rice would total 6 million tons or equivalent to 3 million tons of milled rice as against a monthly consumption of 2.6 million tons.

    Therefore, the countrys rice stock is sufficient despite the extreme weather such as foods that damaged rice crops in the country this year.

    “In addition, irrigation systems have been repaired in various areas in Indonesia in cooperation with the Public Works Ministry,” Andi said.

  • Pelindo to build seaport for food transportation

    Pelindo to build seaport for food transportation

    The Indonesia Port Corporation, PT Pelabuhan Indonesia (Pelindo) I, will build seaport infrastructure that supports food logistics transportation in order to reduce shipping costs and improve the quality of food products, Pelindo I Director Bambang Eka Cahyana said.

    “Right now we are paying attention to the food sector. In Belawan, North Sumatra, this year we are building a cold storage,” Bambang Eka said here on last Thursday.

    Cold storage, he added, can retain the quality of food products before they are exported overseas.

    The construction of cold storage in Belawan is a short-term plan for Pelindo I.

    Meanwhile, the medium-term plan of the company is to build a specialized cluster for food processing in Tanjung Balai port, North Sumatra.

    “During this time food processing has not received full attention. If we strengthen the cluster at the port, it will lower logistics costs,” he said.

    Bambang said for the long-term project, Pelindo I will build food processing infrastructure at all seaports throughout the country that are under its management.

  • AirAsia Flight Airplane Gets Stuck In Mud After Skidding Off Runway At Malaysian Airport

    AirAsia Flight Airplane Gets Stuck In Mud After Skidding Off Runway At Malaysian Airport

    Hundreds of passengers were left stranded at a Malaysian Airport after a plane skidded off the runway during take-off. AirAsia Flight AK6443 was preparing for take-off from Sultan Ismail Petra airport.

    The AirAsia aircraft was preparing for take-off on Tuesday evening when two of its three landing gears slipped off the edge of the runway and became lodged in the grass and mud.

    Flight AK6443, which was scheduled to fly to Kuala Lumpur, and was making a U-turn, when the nose and left landing gears slid off the runway.

    Airport manager Ramzi Ahmad told that the aircraft, which was due to depart at 10.25pm, was towed away at 5.45am the next day.

    The accident temporarily put the runway at Sultan Ismail Petra airport out of use, which in turn impacted several other flights.

    Three flights that were scheduled to land at the Kota Bharu airport were forced to turn back, according to the report.

    Passengers were asked to disembarked the plane and go back to the airport to wait for their flight. Many passengers were still stranded at Sultan Ismail Petra Airport at 1.30am.

    “AirAsia confirms that flight AK6443 scheduled to depart from Kota Bharu to Kuala Lumpur yesterday night was involved in an incident while taxiing on the runway at Sultan Ismail Petra airport. All guests and crew on board the flight are safe and no injuries have been reported. All guests were attended to and all necessary assistance were provided. All AirAsia flights are operating normally from Sultan Ismail Petra airport today.”

    Flight AK6446 finally departed from the airport bound to its destination. It flew at 9:00 am the next day.

  • Marks & Spencer’s China stores risk closure

    Marks & Spencer’s China stores risk closure

    Marks & Spencer is reportedly due to announce the closure of some of its Chinese shops when it releases its trading update next week.

    There is speculation that chief executive Steve Rowe will reveal his plans to help bring the department store chain back into business when the company’s half-year results are published.

    M&S currently has 10 stores in China, and according to Bloomberg some of them could be in the firing line.

    The news comes just a week after speculation that M&S’ Paris flagship would also close down, as part of Rowe’s plans to move away from loss-making international operations.

    The department store chain will reveal its interim results on November 8.

  • CityOn.Zhengzhou to open fully leased

    CityOn.Zhengzhou to open fully leased

    Taubman Asia, a subsidiary of US shopping centre group Taubman Centers, and China’s Wangfujing Group, have announced the line-up of retailers for its CityOn.Zhengzhou mall in Henan province, set to open on March 16.

    When it opens, the centre will be 100 per cent leased and 90 per cent occupied with nearly 200 stores and restaurants. In the heart of Zhengdong New District, the six-level, 94,000 sqm shopping and dining destination will offer domestic, international and lifestyle brands from fast fashion to accessible luxury, anchored by a four-level Wangfujing department store.

    “We are thrilled to see our second China project coming to life in Zhengzhou,” says Taubman Asia president Rene Tremblay.

    Local, regional and international cuisine at all price points and in both seated restaurants and quick-serve formats will be a feature of the centre, which will also offer family-friendly experiential, educational and entertainment offerings.

    Many international brands will be making their central China debut at the centre, says Taubman Asia group VP Paul Wright.

    Outlets at the mall include…

    Fashion: Adidas, Ajidou, Basic House, Bershka, Charles & Keith, Columbia, Converse, Ecco, Five Plus, Forever 21, H&M, Innisfree, Jack & Jones, KIKC, Kipling, La Chapelle, Lee, Levi’s, Mango, Massimo Dutti, Miniso, Mishka, Mobi Garden, Nike, Pandora, Polo, Sand & Foam, Sephora, Skechers, Stradivarius, The North Face, Uniqlo, Vans, Vero Moda, Westlink and Zara.

    F&B/entertainment/kids/lifestyle/electronics: Acasia Food Village (featuring 14 food vendors), Benfu Sushi, Boat Noodle, Chatime, Chez Choux, Chicken Container, Coco, Dollar Shop, FrozenYo, GB Kids Station, Gong Cha, Grandma’s Kitchen, Guoguo Mutton Soup Restaurant, Guxiang No. 9 Catering, Hallmark Babies, Homao, Huawei, iSpace, La Chapelle Kids, Lenovo, MagicSalad, MM by Haircode, Mr Wish, NaughtyKids, New York Fries, Oscar CityOn Cinema, PapaBubble, Pizza Zone, Rbike, Siwuke Tea, Starbucks, Strawberry Forever, Subway, Teppanyaki Xiang, Toot Science, Udon & Tempura, Uncle, Wan Quan Bu Tong, Xiang Tian Xia Huo Guo, Xiao Liu Jia, Xiao Zhu Zhu Kao Rou, Xue Mi Da, Yang Xiang Dou Pi Shuan Niu Du, YuYuTo, ZBX Fresh Fish Hot Pot, Zheng Shi Yi and Zoo Steak.

  • Alibaba-backed Lazada acquires online grocer RedMart

    Alibaba-backed Lazada acquires online grocer RedMart

    On Wednesday, Singapore-based e-commerce company Lazada announced that it will acquire Redmart, an online grocery retailer.

    Singapore startup Lazada, whose platforms sell goods from smartphones to baby products throughout the region of 600 million people, said in a statement it would buy Redmart to benefit from its operational and technological capabilities. It did not reveal financial details involved in the deal.

    Lazada said it expects the transaction to be completed in the fourth quarter of this year, adding that RedMart will be led by its current management and will “continue to operate independently” after the transaction. RedMart now operates in Singapore but it has long harbored expansion ambitions.

    Lazada Group CEO Maximilian Bittner said that RedMart’s strong management team and relentless focus on putting the customer first has resulted in customers loving them in Singapore. The capital flexibility provided through this deal will go towards innovating to delight our customers.

    The acquisition come months after Japanese e-commerce operator, Rakuten, shuttered its online stores in Singapore, Indonesia, and Malaysia.

    Amazon has plans to expand to South-east Asia, and there are signs the online retail giant is entering the region through Singapore, Techcrunch reported on Wednesday (Nov 2).

    More specifically, China, which can leverage its manufacturing hub and market size. The company said that this alignment will help it expand into new product categories faster.

    Amazon has also been preparing for the local launch by quietly acquiring new assets such as refrigerated trucks, and hiring new staff.

    According to reports, Amazon plans to roll-out selected services in Singapore within the first quarter of 2017. Chinese e-commerce leader Alibaba bought a controlling stake in Lazada in April this year in a US$1 billion deal.

    However, the research firm noted that while the region presented significant growth opportunities, market players would be challenged by low credit card ownership, which now stood at lower than 7 percent in all Southeast Asian markets except Singapore and Malaysia.

  • Apple’s AirPods set to launch by year-end, sources say

    Apple’s AirPods set to launch by year-end, sources say

    Apple‘s AirPods will ship before the end of this year, AppleInsider’s sources have confirmed, dismissing a bogus supply chain report that surfaced early Tuesday, November 1.

    Supply chain monitor Economic Daily News reported on Tuesday that manufacturer Inventec would see quarterly profits jump in the quarter starting in January 2017 because of a shifted launch date. At the same time, the publication said that the fourth quarter 2016 profits would not be changed from the third quarter.

    When asked about the report, Apple told AppleInsider that it doesn’t comment on “rumors or speculation.”

    However, sources familiar with the company’s plans indicated that internally, there is no official delay until January for shipment of the wireless earbuds, AppleInsider says.

    One person briefed on the matter said plainly that there was “no way that these are getting pushed to January.”

    In addition, contacts at Apple retail noted that AirPods demonstration units are already available in some stores. Out of 10 stores polled by AppleInsider, six of them had demo units.

    Where demo units are available, staff have already received training on the product. At those locations, employees are just awaiting notification from management to start showing the AirPods to shoppers.

    “We’re ready to go any time,” one retail source said. “We’ve got a few pairs for customer demonstration that we’re just waiting on the word to start with.”

    Several venues have also received hardware for review. Those arrived prior to the quiet reveal that the AirPods wouldn’t ship in time to meet an original “late October” ship date.

  • Foreign Investors Eye Hospital Business in Indonesia

    Foreign Investors Eye Hospital Business in Indonesia

    Foreign investors have expressed interest in healthcare business investments in Indonesia. Singapore-based Global Growth Markets (GGM) consultant said that India-based hospital group Apollo Hospitals is currently considering to build a telemedicine center and a hospital in Indonesia. In addition, Malaysia-based IIH Healthcare recently announced that they would tap into the Indonesian market as a part of its expansion plan.

    GGM consultant Pet Read revealed that Indonesia’s healthcare industry showed the highest growth after China and India. The number of privately owned hospitals in Indonesia grew by 50 percent per year over the last few years.

    “Currently, the number of hospitals in Indonesia, including government-owned hospitals, is around 1,300,” Mr. Read said in a press release on Thursday, November 3, 2016.

    Other foreign companies interested in developing hospitals in Indonesia included Columbia Asia Health Services Group. The company, based in Kuala Lumpur, has planned to open three hospitals in Semarang.