Author: Mei Ling Tan

  • Nearly 30 speakers lined up for Property Report Congress Singapore 2016

    Nearly 30 speakers lined up for Property Report Congress Singapore 2016

    Singapore is the next stop of the Property Report Congress in Singapore, where the acclaimed conference series hosted by Property Report, Asia’s leading luxury real estate, architecture and design media platform, began last year.

    This year’s two-day Property Report Congress Singapore event on 23-24 November 2016 at the Shangri-La Hotel will bring together nearly 30 experts from Singapore and around around the world to discuss the current state of the region’s real estate markets.

    Crucial issues to be discussed include: the cooling measures in Singapore, infrastructure and branded projects in the Philippines, transit-oriented development and property market consolidation in Malaysia, the impact of tax and property law in Indonesia, potential oversupply in Cambodia, Bangkok’s changing urban skyline and land tax policy in Thailand, foreign investment and joint ventures in Vietnam, and affordability issues and the emerging market of Myanmar.

    Among the confirmed speakers at Property Report Congress Singapore 2016 are respected industry leaders from Asia and beyond, such as Kent Wertime, co-CEO of Ogilvy and Mather Asia Pacific, who will give the opening keynote address “Future Markets: Accessing the Next One Billion Middle Class Consumers.”

    Other panel moderators will come from eight countries of the South East Asia Property Awards, including: Simon Griffiths, senior associate director, CBRE Cambodia; Rudolf Hever, executive director, Alternaty Real Estate (Vietnam); Richard Emerson, managing director, Emerson Real Estate (Myanmar); Prem Kumar, executive director, Jones Lang Wootton; Suphin Mechuchep, managing director, Jones Lang LaSalle Thailand; Hendra Hartono, CEO, Leads Property Services Indonesia; Cyndy Tan Jarabata, president, TAJARA Leisure & Hospitality Group Inc (Philippines); and luxury expert Alexander Karolik-Shlaen, managing director, Panache Management (Singapore).

    Conference delegates will have a chance to meet and learn from Asia’s industry leaders who are redefining the property landscape in ASEAN and Asia Pacific. There will also be a dedicated panel session with the Real Estate Personality of the Year winners from Southeast Asia in 2016, including: Cambodia’s Rithy Sear, chairman of Worldbridge Group of Companies; Thailand’s Suriya Poolvaralaks, managing director at Major Development PLC; Indonesia’s Herman Nagaria, director of property and business development at PT Summarecon Agung Tbk; and Singapore’s Francis Koh, managing director and CEO of Koh Brothers Group Limited.

    As always, the opening and closing remarks will be given by Liam Aran Barnes, brand director and editor-in-chief of Property Report, while digital editor Pippa Woodhead will moderate the panel discussion featuring the Real Estate Personality of the Year 2016 winners.

    Since debuting in Singapore in October 2015, five successful Property Report Congress events have been held in Manila, Ho Chi Minh City, Yangon, Kuala Lumpur and most recently in Bangkok, which welcomed the series’ biggest audience in 2016 of about 140 delegates, speakers and media.

    Property Report Congress has been described as “a great networking event and platform for people in the real estate industry to come together and share ideas,” according to Bertil De Kleynen, sector director for Architecture, Interiors & Landscape at Atkins Global, and featured speaker at the Ho Chi Minh City conference.

    Day 1 of Property Report Congress Singapore 2016 will discuss the current state of the region’s key and emerging markets. It will run from 08:00 to 17:30 (including networking lunch and coffee break), followed by the cocktail networking reception in the evening from 17:30 to 19:00.

    Day 2 will run from 08:00 to 13:00 and include activities such as a country break-out sessions, networking lunch and networking session. Discussions on Day 2 will focus on real estate trends in 2017 and the industry’s future.

    Organised by PropertyGuru, Asia’s leading online property group, the conference will followed by the annual South East Asia Property Awards 2016 grand finals on the 24th, where around 600 of the region’s top real estate developers, executives and industry professionals will gather to reward the finest developers and projects in eight ASEAN countries.

    Property Report Congress Singapore 2016 is supported by official property portal PropertyGuru.com.sg, the country’s leading property website, and top media partners such as the Oxford Business Group and Retail Asia. OBG members are entitled to a discount of 30 percent on ticket prices.

    For registration and enquiries, email conference director at Amy@propertyguruinternational.com or visit the official website: AsiaPropertyAwards.com/Congress/

  • Ciena aims to usher in age of self-driving network

    Ciena aims to usher in age of self-driving network

    Ciena has unveiled WaveLogic Ai, a programmable coherent modem that aims to serve as a  foundational enabling technology for a self-driving network.

    WaveLogic Ai sets new performance benchmarks designed to improve transport network economics and flexibility across a broad set of network applications.

    In metro and DCI applications, it drives 400G single carrier transmission with power and density metrics. In regional and long-haul networks, WaveLogic Ai establishes 200G and 300G as the new reference line rates for backbone transmission, doubling capacity and dramatically lowering cost per bit. In submarine networks, it provides maximum capacity with ultimate reach at distances up to 14,000 kilometers.

    WaveLogic Ai offers enhanced intelligence for new levels of visibility into the network that enables autonomous decisions to further improve network performance.

    Through open interfaces, it monitors and gathers critical networking data, including embedded real-time link measurements, to make intelligent capacity decisions in real time. For instance, WaveLogic Ai helps determine the optimal capacity for any path across the network and can tune to different capacity levels from 100G to 400G in 50G increments.

    WaveLogic Ai uses an advanced 400G-optimized technology engine with a higher baud rate to drive twice the capacity per channel, three times the distance at the equivalent capacity, and four times the service density at less than half the power. This scalability supports 400GE and flexible client services to best match service throughput to flexible line capacity.

    WaveLogic Ai is designed to calculate and then make available massive amounts of optical networking performance data through open interfaces that can be mined to build on-demand, programmable networks.

    To better match capacity to system margin, WaveLogic Ai provides unprecedented tweakability via open software interfaces that help drive automated and intelligent decisions to reduce operational expense and avoid manual errors.

    WaveLogic Ai provides access to real-time link monitoring information, thereby giving operators new levels of network visibility and the ability to accurately engineer the network for optimal capacity and maximum efficiency.

    The company says WaveLogic Ai will be available in the second quarter of 2017.

  • Broadcom to acquire Brocade for $5.9b

    Broadcom to acquire Brocade for $5.9b

    Chipmaker Broadcom has announced a $5.9 billion deal to acquire network equipment manufacturer Brocade to enhance its position in the storage networking business.

    The acquisition, which involves $5.5 billion in cash and the assumption of $400,000 in debt, includes the assets of Ruckus Wireless, which Brocade purchased for $1.2 billion earlier this year.

    But Broadcom has announced that it intends to divest Brocade’s IP networking business, which includes wireless and campus networking, data center switching and routing, as well as SDN. This represents a substantial part of the Ruckus Wireless assets.

    Broadcom anticipates that Brocade’s remaining fiber channel storage area network (FC SAN) business will contribute around $900 million to the company’s ebitda for its 2018 fiscal year.

    “This strategic acquisition enhances Broadcom’s position as one of the leading providers of enterprise storage connectivity solutions to OEM customers,” Broadcom president and CEO Hock Tan said.

    “With deep expertise in mission-critical storage networking, Brocade increases our ability to address the evolving needs of our OEM customers. In addition, we are confident that we will find a great home for Brocade’s valuable IP networking business that will best position that business for its next phase of growth.”

  • SingPost opens regional ecommerce logistics hub in Singapore

    SingPost opens regional ecommerce logistics hub in Singapore

    Singapore Post Limited (“SingPost”) announced the launch of its Regional eCommerce Logistics Hub (“eComm Log Hub”) located at the Tampines Logistics Park. The S$182 million facility is SingPost’s largest eCommerce logistics investment in Singapore to date.

    The eComm Log Hub is officially opened by Singapore’s Deputy Prime Minister and Coordinating Minister for Economic and Social Policies, Mr Tharman Shanmugaratnam.

    SingPost’s eComm Log Hub is a three-storey facility housing two warehousing floors, 150 simultaneous loading bays as well as an office block. The ground floor of the building houses a fully automated parcel sorting facility with a capacity of up to 100,000 parcels a day, and end-to-end sorting, shipping and returns management capabilities that enable quicker order fulfilment. The total built-up area is 553,000 square feet.

    Automation plays a big part in the eComm Log Hub – beyond the fully automated parcel sorting system on the first floor of the facility, the second floor warehouse is also automated, resulting in the entire eComm Log Hub being integrated end-to-end from the eCommerce front-end platform to delivery. The eComm Log Hub will process parcels for delivery within Singapore and those to be shipped to destinations worldwide.

    Said Mr Chua Taik Him, Deputy Chief Executive Officer of IE Singapore, “IE Singapore has been working closely with SingPost on strategies to scale its business in the region, facilitating its projects and partnerships with both brand owners and last mile fulfilment players. Given the strong growth of eCommerce in Southeast Asia, the launch of SingPost’s facility will further support its local and overseas growth. This will also enhance Singapore’s capabilities in fulfilment and facilitate more regional eCommerce trade flows.”

    The Management Team of Sephora Asia said, “This October, SingPost has begun providing us with warehousing services in Australia to handle our beauty and fragrance products. At Sephora, we believe in giving our customers a great end-to-end experience from the time they log in to the moment they receive their purchases. SingPost’s support is critical to delivering that flawless customer experience. With their new eCommerce Log Hub and great solutions like POPStations, we recognise that SingPost is propelling the eCommerce industry forward. We have found SingPost’s professionals to be very conscious of accuracy, cost and service quality.”

    Mr Simon Israel, SingPost’s Chairman, said, “The opening of our Regional eCommerce Logistics Hub is another milestone in the expansion of SingPost’s eCommerce logistics network, which now spans 19 markets across Asia Pacific, Europe and the US. Singapore’s regional connectivity makes it ideally positioned to be a centre for eCommerce. Our Regional eCommerce Logistics Hub leverages on this geographic and infrastructural advantage. Everything in this building is scalable, which means we can keep upgrading it to meet the needs of the future.”

    He added, “With the Regional eCommerce Logistics Hub, our POPStation network and our investments into technologies for new postal and logistics solutions, we are prepared for a sustainable future of car-lite cities and the sharing economy. SingPost is therefore able to shape and play a broader role in how urban logistics is done in Singapore.”

    SingPost’s Centre of Innovation

    At the opening ceremony, SingPost also launched its Centre of Innovation (“COI”).

    The COI was set up in August 2015, with support from the Economic Development Board, to carry out research into new logistics and postal services and products, in collaboration with research institutions and institutions of higher learning.

    Emphasis will be placed on new technologies such as robotics and automation to meet the needs of future customers and markets as well as becoming the tools for SingPost’s next generation of employees.

    Some initiatives now being carried out by the SingPost COI are:

     Deliver significant enhancements to the eCommerce logistics platform which will help support the smart logistics and smart nation initiative;

     Roll out a new version of the Self-service Automated Machine (SAM) platform to enhance customer experience and provide a seamless omni-channel experience encompassing the kiosk and the digital postal office;

     Bring the online and offline world of retail shopping to the SingPost mall, which will provide exciting merchant offerings and delivery options to the customer. Retail merchants will be able to experiment with unique ways of interacting with customers to boost revenue and increase loyalty;

     A digital transformation of the post office to provide customers options to transact with greater ease and pace; and

     Innovate last mile delivery options through building the next generation of POPStations and experimenting with drone delivery across the island.

  • Myanmar’s hyper growth era has ended according to Telenor

    Myanmar’s hyper growth era has ended according to Telenor

    Telenor Myanmar will shift focus towards data services as the era of rapid initial subscriber growth comes to a close.

    Telenor Myanamar CEO Lars Erik Tellmann told that the competitive environment is rapidly changing, with operators targeting internet service use.

    Since launching services in September 2014, Telenor Myanmar’s subscriber base has rapidly increased to 18 million, making the operator the second largest industry player. Myanmar’s telecoms market has been experiencing unprecedented growth after the sector was liberalized in 2011.

    But Tellmann said this growth has slowed significantly now that anybody who wants to own a SIM has now purchased one, so the fight is turning to existing customers. “Super hyper growth has flattened,” Tellman told.

    As of the third quarter, around 40% of Telenor Myanmar’s revenue was generated from data services. In a market with very low fixed line penetration and few PCs, smartphones are the primary way Myanmar consumers are accessing the internet, he said.

    Social media is helping drive increased data consumption, with Facebook, WhatsApp and Viber proving particularly popular in the market.

  • LANDBANK introduces mobile lending for medicines

    LANDBANK introduces mobile lending for medicines

    The Land Bank of the Philippines (LANDBANK) has introduced a new mobile lending program for the purchase of essential drugs.

    LANDBANK, a  government financial institution, has teamed up with branded generic drugs company RiteMed to expand the use of its electronic salary loans program.

    The LANDBANK Mobile Loan Saver (LMLS) launched in September 2014 and has since gained a large following among government employees, farmers and fishers, small and medium enterprises, overseas Filipinos and private sector employees.

    Under LMLS, customers can easily apply for a loan using their mobile phone and get quick credit decision from LANDBANK regarding their application. As of August 2016, total loans released under LMLS amounted to over 12 billion pesos.

    The RiteMed partnership will allow loan borrowers to allocate a portion of their approved net loan proceeds for the purchase of medicines. RiteMed will also make available a range of maintenance medicines at discounted prices.

    Medicines ordered via LMLS will be delivered for free in sealed packs to the concerned government agency or company office where the borrower is employed, within a week from the time of loan approval and release.

    “We understand the financial burden of high medicine costs on many Filipinos, which is why through this initiative, we hope to provide LMLS borrowers with access to affordable and quality medicines. This is yet another showcase of the endless possibilities in terms of financial technology and digital lending, especially as we hope to reach out and provide financial and other services to more Filipinos across the country,” said LANDBANK Officer-in-Charge and Executive Vice President Cecilia C. Borromeo.

    Started as an initiative in response to the Philippine government’s call for private companies to reduce the prices of essential drugs, RiteMed started manufacturing and marketing 20 off-patent, low-cost essential drugs that were 20% to 70% cheaper than their equivalent counterparts in 2002.

    Today, its product has grown to include almost 200 medicines for diabetes, hypertension, high cholesterol, infection, pain, kidney, gastro-intestinal, asthma and allergy, cough and colds and vitamins.

    Vincent Patrick Guerrero, general manager of RiteMed, said in a media statement that the company is optimistic that with the technology behind LMLS and the nationwide network of LANDBANK, they would be able to fulfill the objective of RiteMed to provide access to quality healthcare for all Filipinos.

  • Nestlé aims to boost e-commerce contribution to revenue

    Nestlé aims to boost e-commerce contribution to revenue

    Nestlé (Malaysia) Bhd expects to increase its e-commerce contribution to its revenue from the existing one per cent to 10 per cent within the next three to four years. This 10 per cent, according to its managing director, Alois Hofbauer would translate to some RM500 million.

    “We are already the market leader within the nutritional, health and wellness segments in this country. Right now, it is not just about expanding but continuously strengthening our position,” he told Business Times on the sidelines of Lazada’s biggest online shopping event launch, the ‘Online Revolution’, this morning. “We already have our e-commerce platform, as well as ongoing partnership with Lazada and 11street.

    Going forward, we will be increasing our partnership numbers within this space.” He explained that the Nestlé Malaysia catalogue alone amounted to the hundreds but it is difficult for physical retailers to carry all of them. “With an e-commerce platform, we will be able to offer all our products and to all corners of Malaysia. It doesn’t matter if you’re in the Klang Valley or Terengganu outskirts, we will be able to provide our products for you,” said Hofbauer.

    He also stressed that this continuous increased demand would also mean a positive impact to all its stakeholders, from farmers who supply the raw products, to shareholders and to also the government as Nestlé is here for the long term. “We have seen some minor impact given the Goods and Services Tax (GST) and otherwise subdued economic landscape, but the foods and beverages (F&B) industry is resilient and we will continue to grow.”

    The company registered a total turnover of RM4.8 billlion in its 2015 financial year and has been growing at a rate of five per cent, beating the F&B industry’s overall growth of two per cent, also in 2015. Hofbauer was earlier part of the five-person panel alongside Lazada Malaysia’s chief executive officer, Hans Peter Ressel; L’Oréal Malaysia’s business head of consumer product division, Manashi Guha; Samsung Malaysia’s head of consumer electronics, Jimmy Tan and Vinda Group’s commercial director, Tony Sperrin in discussing the impacts of e-commerce on Southeast Asia’s retail landscape.

    “The growth in Malaysia in particular has been tremendous as we have seen a triple digit growth year on year on Lazada,” said Ressel. “We expect this momentum to continue because right now we are reaching further into the outskirts of Malaysia as we see a higher demand there versus Klang Valley. That being said, Malaysia will continue to be one our key markets.” The ‘Online Revolution’ on Lazada will run for a month from November 11 to December 14 and will feature the participation of over 1,000 brands and 55,000 international and local merchants.

  • Why Victoria’s Secret needs to push a lot of bras at new shop

    Why Victoria’s Secret needs to push a lot of bras at new shop

    Nothing lasts forever.

    Fashion retailer Forever 21 is to withdraw from its Causeway Bay mega flagship store, billed as the most expensive commercial store by rent in Hong Kong.

    The iconic location on Jardine Crescent, which serves as a meeting point for young locals who seek to avoid the hordes of mainlanders outside Sogo, will be taken up by Victoria’s Secret.

    Media reports say the US lingerie chain, which is well known for its sexy bras and gorgeous models, has inked a 10-year lease for the 51,188-square-foot property at HK$7 million a month. 

    That is almost half what Forever 21 is paying now in monthly rental for the six-storey retail space.

    The fashion retailer is coughing up about HK$13.8 million per month, making the space the most expensive of the firm’s over 500 outlets in nine countries, after signing a six-year lease in 2010.

    To get the prime property, Forever 21 was said to have offered a 100 percent increase in rents that started at HK$11 million, helping it dislodge long-time tenants such as Giordano, Watson and Café de Coral.

    That lease will end next August.

    With its decision now to move out of the premises, the US fast-fashion chain has joined a group of foreign brands such as Coach and Gap that have stopped expanding in Hong Kong due to a weak retail sector outlook amid a fall in mainland visitor numbers to the city.

    Last year, Coach made a multimillion-dollar payment to walk out of a lease at Hing Wai Building at 36 Queen’s Road in Central.

    The 13,000-square-foot shop was then taken up by Adidas for HK$4.34 million a month, significantly less than what Coach had been paying.

    Opposite to the former Coach flagship store was the former Gap flagship store, which had been leased for HK$5 million per month since 2010.

    But this year, Gap has discontinued its Mongkok shop in MPM Plaza, according to Apple Daily.

    Meanwhile, Forever 21 moved across to Mongkok in September, opening a 19,000-square-foot outlet at the Pakpolee Commercial Centre, its second outlet in Hong Kong.

    Now, coming back to the new tenant that will replace Forever 21 at Capitol Centre in Causeway Bay, the question for Victoria’s Secret is this: how many sexy bras will it need to sell to be able to pay the rent?

    Assuming an average HK$500 price for push-up bras, the premium lingerie maker would need to sell at least 466 bras per day to meet the rent.

    As rent usually accounts for a third of the cost of sales, that would mean that Victoria’s Secret will have to peddle 1,400 bras per day before making a single dollar of profit.

    In other words, they need to sell more than half a million bras in one store alone in a year.

    Over the 10-year rental period, the store will need to sell over 5 million bras, something we would imagine wouldn’t be too easy.

    Given this, don’t be surprised if you see the retailer opt for a lift in its product prices.

     

  • Nokia to supply Globe Telecom in the Philippines

    Nokia to supply Globe Telecom in the Philippines

    Nokia and Globe Telecom, a leading telecom operator in the Philippines, on 24 October signed two Memoranda of Confirmation frame agreements – one for wireless technologies and the other for IP, Optical and SDN technologies – under which Nokia will transform Globe Telecom’s current fixed and mobile networks into a more robust network that will help Globe meet the country’s burgeoning and future digital demands.

    This will enable Globe Telecom’s move to Cloud and IoT-ready networks and 5G.

    Under the agreements, Globe Telecom will transition to a flexible cloud-based network infrastructure, with Nokia’s 5G-ready AirScale radio access and IP, optical and carrier SDN technology solutions providing seamless connectivity to consumers and enterprise customers. The modernized Globe network will also allow it to support the Philippine government’s initiative to further expand the availability of broadband services in the country.

    The mobile network frame agreement between Nokia and Globe Telecom follows the operator’s recent access to new LTE spectrum. Nokia will deploy its 4.5G Pro technology using the 5G-ready AirScale Base Station and Flexi Zone small cells, managed by NetAct, in the Visayas and Mindanao regions, providing broadband access to some areas in these regions for the first time. Globe will also be enabled to use Mobile Edge Computing and advanced carrier aggregation techniques to deliver virtually unlimited scalability and dramatic improvements in speeds and capacity that will deliver compelling new services. The technology will also enable lower power consumption, reduced operating costs, more network automation and enhanced network performance as it transforms Globe Telecom’s customer experience for a subscriber base growing at 10 percent annually, as well as meeting increasing demand from IoT devices.

    In the second frame agreement, Nokia will deliver its integrated IP and optical networking and carrier SDN technologies across the Philippines to enhance the agility, quality, performance, coverage and capacity of Globe Telecom’s enterprise data services network. This will allow Globe to deliver coverage to more regions including in the ARMM, such as Lanao del Sur, Maguindanao, Basilan, Sulu and Tawi-Tawi. Using Nokia’s carrier SDN platform, Globe will also be able to provide flexible data services such as bandwidth-on-demand nationwide, and expand its offer to thousands of enterprise customers, global service providers and local government agencies as well as those serving the Information Technology-Business Process Outsourcing (IT-BPO), hospitality, education, manufacturing, retail, healthcare, logistics and finance industries.

    “As the Philippines’ leading fixed and mobile service provider, we are devoted to improving people’s connected lives day-by-day. With Nokia’s innovative technologies, we are confident to lead the 5G and cloud network evolution,” said Ernest L. Cu, president and CEO of Globe Telecom.

    “This is a significant agreement with a longstanding technology partner, and strengthens Nokia’s position as Globe Telecom’s premier provider of end-to-end technology solutions. We are committed to delivering technologies that allow operators to transition smoothly to intelligent, future-proof networks, offering seamless connectivity and changing how people communicate and connect,” said Mike Wang, head of the joint management team in China at Nokia.

  • The Luxury Collection Hotels & Resorts makes Singapore debut

    The Luxury Collection Hotels & Resorts makes Singapore debut

    The Luxury Collection® Hotels & Resorts, part of Marriott International, today announced it will debut the brand’s first-ever hotel in Singapore in early 2017. In partnership with boutique developers Harpreet and Satinder Garcha, The Duxton Club, a Luxury Collection Hotel, Singapore will showcase the island’s rich history with stunning redesigns from Anouska Hempel and Jacques Garcia of traditional shophouses–a prevalent building in Singapore’s architectural heritage–in the Tanjong Pagar conservation district. Both preserving the past and offering guests a contemporary luxury experience, the multi-million-dollar renovation will bring to life Singapore’s roots in an authentic and indigenous way.

    “The debut of a hotel in Singapore in collaboration with two iconic designers marks an important milestone for The Luxury Collection, as we continue to expand our global footprint in new destinations around the world,” said Meredith Dichter, Global Brand Director, The Luxury Collection. Recently surpassing 100 hotels in more than 30 countries, our mission to offer global explorers truly indigenous experiences wherever they travel will reach new heights with the opening The Duxton Club next year.”

    “We are thrilled to bring The Luxury Collection to Singapore,” said Rajit Sukumaran, Senior Vice President, Acquisitions & Development, Marriott International Asia Pacific. “We are confident that The Duxton Club will make its mark on the country’s highly competitive hospitality market, and we’re proud to work with Harpreet and Satinder Garcha, who are passionate about design and adaptive-reuse heritage projects.”

    The Duxton Club will reside in two pre-war colonial shophouse buildings within walking distance of one another: The Duxton House on Duxton Road and The Duxton Terrace on Murray Street. Strategically situated in the Duxton area, the two buildings are adjacent to the emerging Central Business District of Tanjong Pagar and border the culturally rich Chinatown area. In recent years, the neighborhood has enjoyed a revival, emerging as the epicenter for today’s global traveler as one of the island’s most stylish leisure and dining neighborhoods. The Duxton House is expected to open in early 2017, while The Duxton Terrace is slated to open in July 2017.

    Originally constructed in the early 19th century, The Duxton House features 50 guestrooms in eight adjoining three-story buildings reimagined by celebrated designer Anouska Hempel, whose comprehensive interior design background spans hotels, restaurants, retail spaces and luxury residential projects including the Hempel Hotel and Blakes Hotel in London, and high-end retail stores around the world such as Van Cleef and Arpels and Louis Vuitton. Under the strong interior design identity of Hempel, The Duxton House will be restored to its former glory with rich oriental influences that honor the property’s unique heritage and timeless sense of luxury and glamour. Once completed, the hotel will include a destination restaurant, signature bar and private cigar room – all offering refined experiences for discerning guests seeking authentic, indigenous experience deeply rooted in the destination.

    Just 600 feet away, with convenient access to the upscale establishments of Tras Street and Club Street, The Duxton Terrace comprises fourteen adjoining three and four-story colonial-era buildings with 138-guestrooms. Originally, completed in 1929, the structure likely served Chinese merchants before being converted to army barracks. Since then, the building has been adapted for different purposes, from housing a hawker food alley to restaurants and office space. The property’s most recent renovation project received the Architectural Heritage Award from the Urban Redevelopment Authority, further solidifying the building as a cherished and historic landmark.

    The Duxton Terrace will be restored to its original grandeur by renowned architect and designer Jacques Garcia, whose extensive design portfolio includes the restoration of The Louvre and The Palace of Versailles. The hotel will house five captivating food and beverage venues including a signature bar and lobby bar, an all-day dining restaurant, a poolside bar and an exclusive member’s club. Additional facilities will include an outdoor swimming pool, fitness center and cigar room. Guests of The Duxton Club will enjoy full use of the facilities at both premises.

    Satinder Garcha, CEO of Garcha Hotels, said, “Using our mutual strength to re-create the charms of a bygone era, the adaptive reuse of such historic buildings by two of the world’s best designers, Anouska Hempel and Jacques Garcia, will offer guests an unforgettable boutique hotel experience while contributing to urban sustainability and preservation of our vibrant past.”

  • Indonesia Sees 8.5% Increase of Tourists until September ThisYear

    Indonesia Sees 8.5% Increase of Tourists until September ThisYear

    Indonesia recorded 8.36 million visits by foreign tourist until September this year or an increase of 8.5 percent year-on-year.

    Tourism Minister Arief Yahya said here on Thursday the increase gave greater optimism that the target of 12 million visits by foreign tourists to the country this year would be achieved.

    “In three consecutive months – July-August and September, the number of visits exceeded one million. We hope that the number would be larger in October, November and December,” the minister said.

    In September, there were 1,006,653 foreign tourist arrivals or an increase of 9.40 percent year-on-year from 920,128 in the same month last year, he said in a statement.

    Based on data from the Central Bureau of Statistics (BPS) and the Tourism Ministry, the number of foreign tourist visits in the first nine months of the year was 8,362,963 or 8.51 percent higher than 7,707,034 visits in the same period last year.

    In September, significant increase was recorded in the number of visits of tourists from Bahrain, up 46.84 percent, Egypt up 42.86 percent, China up 28.08 percent, India 26.61 percent, and France 18.92 percent.

    In the nine months period until September this year, the highest increase was recorded in the visits of tourist from Egypt up 48.72 percent, Bahrain up 46.33 percent, India 28.90 percent, China 24.15 percent, and France 23.15 percent.

    Minister Arief Yahya said international events would be increased especially in main gates – Bali, Jakarta, and Batam. in a bid to increase the number of visits of foreign tourists toward the end of the year.

    “Bali plans to organize tens of year end events to increase the number of visits . This year, Bali hopes to chalk up 4.8 million visits by foreign tourists or 45 percent of the total number of foreign visits to the country,” Arief Yahya said.

    Similarly, Bintan of the Riau Islands, which in November-December 2016 would host a number of events such as international sport tourism and entertainment to attract visitors especially from Singapore and Malaysia.

    This year Great Batam/Bintan hopes to chalk up 2.5 visits by foreign tourists.

    Arief said the island of Bintan is one of more potential tourist destinations in frontier areas, beside Manado, Papua, Entikong, and Atambua.

    The tourism Ministry has launched intensive promotional campaigns by organizing cultural festivals in a number of areas to attract foreign tourists in border areas.

    Recently the ministry held a Festival of Wonderful Indonesia (FWI) in Aruk, sub-district of Sajingan Besar, regency of Sambas, in West Kalimantan to attract visitors from Negeri Serawak, Malaysia.

    The tourism ministry, however, has focused more on luring larger number of Chinese tourist to visit the country. China has become the worlds largest tourism market.

    Earlier, Arief said Indonesia had been lagging behind in taking advantage of the Chinese market.

    Indonesia has succeeded only in recording 1.2 million or one percent of outbound Chinese, falling far behind Thailand, which already succeeded in attracting 8 million visits by Chinese tourists year.

    Therefore, the Indonesian Tourism Ministry has teamed up with Baidu, the largest Chinese searching engine company called as “Chinese Google” to create a program to promote tourism destinations in Indonesia.

    Baidu could create many programs to promote Indonesian tourist destinations from upstream to downstream , from branding , advertising to selling, Arief said.

    “It promised to increase the number of Chinese visitors to Indonesia up to 10 million arrivals in 2019,” Arief, who visited China recently, said.

    The 10 million arrivals of Chinese tourist would means 50 percent of the governments target of 20 million in number of foreign tourist visits to the country in 2019.

  • StarHub, Nokia achieve 4.3Gbps speeds over cmWave

    StarHub, Nokia achieve 4.3Gbps speeds over cmWave

    Nokia and Singapore’s StarHub have jointly demonstrated speeds of 4.3Gbps and 1ms latency using 5G centimeter wave (cmWave) frequencies.

    The company’s have been trialing Nokia’s AirScale integrated radio access network platform over StarHub’s live mobile network.

    The 5G demonstration was conducted at StarHub’s headquarters as part of the operator’s ongoing trials into future technologies to facilitate emerging use cases such as virtual and augmented reality streaming and e-health applications.

    Centimeter wave refers to carrier frequencies between 3-GHz and 30-GHz, which compares to millimeter wave frequencies above 30-GHz. These higher-band frequencies are expected to form a key component of future 5G networks.

    “5G, while still a distance away, will become reality in the time to come. Through our ongoing trials of new technologies such as Nokia’s integrated AirScale solution, we are exploring how we can use 5G technologies to enrich the lives of our customers,” StarHub head of network engineering Chong Siew Loong said.

    AirScale is designed to allow the simultaneous operation of multiple generations of network technologies, such as 3G, 4G and 5G. The platform promises 60% lower energy consumption and a smaller physical footprint compared to previous generation radio access technologies.

  • Connectivity and collaboration in the ICT industry: the key to socio-economic development

    Connectivity and collaboration in the ICT industry: the key to socio-economic development

    Why is it so important to ensure that as many people in the world as possible have access to information and communication technologies? And why does collaboration within and across the ICT industry matter so much in driving socio-economic development?

    These questions are at the very heart of ITU Telecom World 2016, the annual platform for governments, corporates and small and medium enterprises (SMEs) within the ICT industry. Organized by ITU, the United Nation’s specialized agency for ICT matters, and taking place this year in Bangkok, Thailand, from 14 – 17 November, ITU Telecom World features an international exhibition of digital solutions, a world-class forum of debates, a programme of targeted networking activities and an Awards programme recognizing the best in innovative ICT solutions with social impact.

    On the agenda in the forum, on the stands and pavilions in the exhibition and amongst the networking leaders of governments and businesses big and small, the focus will be on working together to speed up innovation in ICTs to improve lives everywhere.

    ICTs are the cross-cutting enablers behind sustainable development throughout the world, in emerging and developed markets alike. This means, quite simply, that ICTs are the essential backbone, the infrastructure behind development in economies, businesses, societies and homes everywhere. The transformative potential for ICTs is unprecedented: from e-health to e-education, digital financial services to e-government, agriculture and transport, there is not one vertical sector or field of activity which does not both rely on and benefit from ICTs.

    The Sustainable Development Goals, adopted by the global community in September 2015, set a new international agenda for the period up to 2030 – and recognize the enormous potential of ICTs in improving development outcomes worldwide.  Not just by measuring progress and enhancing the effectiveness of initiatives designed to meet the SDGs, but by providing access to a whole range of new digital products and services which can grow local economies, build on local innovation and strengthen local communities.

    Millions of children currently without access to primary level schooling; millions of deaths from easily-preventable non-communicable diseases; millions of unbanked or underbanked living outside national economies;  those without adequate basic sanitation, without access to water or electricity, let alone to government services – innovative ICT-based solutions can meet all of these challenges.

    Providing connectivity is the key: once everyone is connected, the speed of progress towards attaining the SDGS will be extraordinary, as emerging technologies such as IoT, artificial intelligence, robotics and data-driven innovation truly take off on a global scale.

    Getting everyone connected, however, is not so straightforward. More than half the world’s people are still offline, and the ICT sector’s commitment to connecting an additional 1.5 billion by 2020 is highly ambitious. It calls for innovative approaches to universal connectivity to tackle the multiple barriers of access, affordability, education and relevance.

    Building out networks, whether fixed, fibre, mobile, satellite, wifi, or any combination thereof, is the first step in providing access to the unconnected. The price of handsets, of network access and of products and services must be affordable for local communities.  And to be useful and sustainable both socially and financially, those products and services must be relevant to local needs and practices – in local languages, offering content that is valued and understood by local users. Finally, educating end-users disadvantaged by remote locations, illiteracy, gender or age, and increasing skills and capacity in local communities, are critical to ensure internet take-up and entry into the digital economy.

    The barriers are huge, the challenges significant – but the potential benefits to humanity are enormous. This is why connectivity is so important. It is also why the theme of ITU Telecom World 2016 is so pertinent: “Collaborating in the digital economy”.

    Because no one can do this alone. The private sector building out the networks, providing the equipment, products and services is reliant on government policies, on financial incentives, on supportive regulation. Public private partnerships are often the only solution to increasing access in remote or underserved regions.

    Within the private sector, the ongoing radical transformation of the ICT industry also calls for new partnerships, new business models and new approaches. A complex mix of factors is coming together: the rise of internet companies providing services over operator networks; the growth of SMEs throughout the world working in niche or innovative areas; new markets in the borderless digital global economy; new technologies and customer behaviours, from social media to 5G and IoT; and the collision of markets, ways of doing business, cultures and mindsets as ICTs cross into vertical sectors such as health, agriculture and education.

    Which is why collaboration within and across the global ICT ecosystem is so crucial. Working together in one way or another is the only way to extend connectivity, expand access and drive socio-economic development. It’s the only way to meet the SDGs and improve the lives of the world’s citizens everywhere.

    This is also why events such as ITU Telecom World 2016 are so important. By providing a meeting point and market place for the governments, regulators, international organizations and companies, both corporate and SME, of the world, the event opens the door to partnerships. To exchanging views and perspectives, to understanding challenges and needs, to debating policies, strategies and models. To meeting face-to-face to meet the needs of the world, now and in the future.

    To find out more about ITU Telecom World 2016, its full programme of debates, exhibits and activities, and to register to take part, visit telecomworld.itu.int.

  • Virtual cosmetics counters are the future

    Virtual cosmetics counters are the future

    oon it be much easier to find the perfect lipstick colour and sunglasses to match your face shape, and the best part is you won’t even have to leave home.

    China is on the cusp of a major shake-up in online shopping technology to makes the virtual change room and cosmetics counter a reality.

    Gone will be the days of buying the wrong colour or style of clothing, accessories or make-up and by the hassle of posting back returns.

    At the Shanghai Zizhu entrepreneurial incubator, Olivia Wan demonstrates how online video technology can allow customers to choose sunglasses and experiment with different lippy shades.

    Purple, pink and red lip colours, flash across the video footage of shoppers standing in front of the screen.

    On another screen, the technology measures the faces of shoppers and suggests styles of glasses.

    In China, there’s insatiable appetite for shopping.

    In some cities such as Shanghai, which have populations equivalent of Australia crammed into one metropolitan area, the sardine factor of malls and shopping strips is high.

    “With the use of technology we want to make people more beautiful,” Wan, Shanghai Beauty Face Internet Technology Company chief operating officer, told AAP through a interpreter.

    According to global consulting firm McKinsey and Company, China’s online retail market is the world’s largest with an estimated $US630 billion ($A830 billion) in sales in 2015.

    The online market is 80 per cent bigger than the US and accounts for 13.5 per cent of all spending.

    Meanwhile, in the high-tech zone of neighbouring city Hangzhou, a visit to the display room of HIK Vision, a leading camera and surveillance company, is almost like being on the set of the US mystery drama CSI: Crime Scene Investigation.

    The potential of some of the gadgets is slightly unnerving but staff insist they just create the products and its completely up to customers how they is used.

    In one corner a screen shows footage of people on bikes, in cars and pedestrians. Other boxes reveal their gender, height, estimated age, whether they are wearing seat belts, carrying bags and car number plates.

    In the post September 11 security conscious climate, governments are likely to be big customers.

    The company has supplied surveillance technology for events such as Olympic Games, Soccer World Cups and global leaders summits.

    Another display terminal shows an intricate revolving sphere of people’s faces and their email trails.

    *The reporter travelled to China on a delegation hosted by the Chinese People’s Institute of Foreign Affairs.

  • KFC Malaysia parent plans IPO

    KFC Malaysia parent plans IPO

    KFC Malaysia parent QSR Brands (M) Holdings, is arranging an IPO next year expected to raise about US$500 million.

    The company, which has both KFC and Pizza Hut restaurant concessions in Southeast Asia,

    Citigroup, Credit Suisse Group and Malayan Banking will lead the offering. QSR has also chosen CIMB Group Holdings and RHB Bank to work on the share sale, reports the Business Times.

    The Kuala Lumpur-based company is seeking a listing after first-time share sales raised US$270 million this year.

    CVC, Employees Provident Fund and Johor Corp took QSR Brands private in 2013. It manages more than 730 KFC restaurants in Brunei, Cambodia, India, Malaysia and Singapore, as well as more than 450 Pizza Hut outlets in Malaysia and Singapore.