Tag: Singapore

  • Singapore shop owner keeps no shopkeeper, trusts in customers’ honesty

    Singapore shop owner keeps no shopkeeper, trusts in customers’ honesty

    At a void deck below a Housing Board block in Hougang is a provision shop but, unlike many others, no one attends to it.

    A handmade cash register at the front of the shop displays instructions on how to pay for items: check the price tag, show it to any one of the shop’s eight closed-circuit television (CCTV) cameras, and place the money into a slot. To get change, press buttons on the register to either get $1 or $0.10 back in coins.

    The “shopkeeper-less” store at Block 242 Hougang Street 22 is owned by Alex Song, 54, who runs a clothing store town and got into the provision shop business in June 2015 “with no experience”.

    Within the first three months, he figured out why many provision shops struggle to survive. It was difficult to hire shopkeepers he could trust and suppliers were charging him a high price, he said.

    “The cost price of my items were sometimes higher than the retail price at supermarkets,” Song said on Tuesday, November 1.

    To cut manpower costs, the former airforce technician fashioned his own “robot cash register”, at a cost of less than $200, to man the shop. The robot-looking cash register is made mostly of wood, with some plastic and metal, with CCTV cameras embedded as its “eyes”.

    He started by placing just a small amount of sweets and biscuits for sale in front of the shop, and closed the rest of the store. Four CCTV cameras kept an eye on would-be thieves.

    “At first I was worried that when I return to the shop at night, I would see an empty shop,” he said with a laugh.

    He progressively opened more of the shop and added four more CCTV cameras to cover blind spots. The cost of the eight CCTV cameras set him back by about $1,000.

    He estimated that thieves strike about twice a month, causing him losses of about $50 per month – an amount he said pales in comparison to the $1,500 it would cost him to hire a shopkeeper.

    Photographs of thieves, captured by his CCTV cameras, are plastered around the store.

    But he has made a police report just once, when a group of people stole from the shop.

    “After I put up the photos, some of the thieves actually came back to return me money and apologise, so I let it slide,” said Song.

    He recalled one case in which three children, all siblings, stole food and drinks worth over $10 at his store.

    “The cameras caught them very clearly. After I put up their photos, their mother brought them to my shop to apologise and pay me back. She was very sad and cried,” he said.

    “It woke the kids up. A few days later, they wrote a letter to me to apologise.”

    In another case, a man pretended to pay for a can of luncheon meat at the register but used his head to block the CCTV camera. But he did not realise that another CCTV camera in front of the register caught him putting the coins into his mouth instead.

    The man is still at large.

    But despite the hassle of running the shop this way, Song said: “It’s worth it if one person can change for the better and not steal anymore in future.”

    Meanwhile, he is looking for a new location to move his provision shop to.

    “I’m not making money, not because of the (shopkeeper-less) system but because of the poor crowd. But I’ll bring the system along with me to the next location,” he said.

     

  • Siam Makro buys four food companies

    Siam Makro buys four food companies

    Siam Makro, which runs the Makro cash-and-carry store chain, has clinched a 3-billion-baht (US$85.75 million) deal to acquire four food companies.

    Through its wholly owned subsidiary Siam Food Services, Siam Makro has entered into an agreement to acquire an 80 per cent stake in each of Indoguna (Singapore), a listed firm on the Singapore Exchange, Indoguna Dubai, Lordly and Just Meat. Indoguna is listed on the Singapore exchange, while Lordly and Just Meat are Hong Kong listed.

    The funds will come from Siam Makro’s cash flow and bank loans.

    Siam Makro’s major shareholder, Charoen Pokphand Group (CP), has its strength in the food and agricultural businesses. CP acquired a 64 per cent stake in the cash-and-carry chain from the Dutch trading company SHV Holdings for $6.6 billion in 2013.

    Siam Makro has partnered with with local companies to take its Makro cash-and-carry chain to Cambodia. The JV is 70 per cent owned by Makro ROH, a wholly owned subsidiary of Siam Makro, and the balance by Cambodian investors, with $2 million in initial registered capital.

    Siam Makro plans to open 10 stores in Thailand this year, bringing its total outlets to 108 nationwide. During the first half, Siam Makro posted a net profit of 2.38 billion baht on revenue totalling 85.7 billion.

  • 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.

  • 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.

  • Challenger Technologies takes revenue hit

    Challenger Technologies takes revenue hit

    Challenger Technologies has experienced a significant slump in retail sales.

    While group revenue for the Singapore IT products and services provider remained flat at S$256 million (US$184 million) for the nine months to September 30, its third-quarter dropped 16 per cent to $74.4 million.

    This was mainly because of a decrease of $7.5 million in retail sales brought on by the weakened market, as well as a $5.6 million fall in corporate sales.

    CEO Loo Leong Thye says the company will continue to enhance its omnichannel offerings so it can reach offline and online customers faster.

    Net profit fell by about 16 per cent to $9.1 million for the nine months, and for the third quarter took a 49 per cent dive to $1.8 million. The company says this was caused by an impairment provision of about $1.2 million for investments in a last-mile delivery provider, which has since scaled down. Without this, net profit for the nine months and third quarter would have decreased by 6 and 17 per cent respectively.

    The rest of the decrease was because of lower gross profit from lower revenue, despite a marginal increase in gross profit margin.

    To date, the group has 44 stores in Singapore, comprising 25 Challenger superstores and 19 small-format stores.

  • 2017 APAC Effie Awards Call for Entries Announced

    2017 APAC Effie Awards Call for Entries Announced

    The Asia Pacific Effie Awards has announced the Call for Entries for the 2017 season. Recognized by agencies and marketers to be the most prestigious effectiveness awards in the region, APAC Effie, now in its fourth edition, continues to honour marketing communication campaigns that have achieved outstanding measurable results.

    The 2017 competition offers 42 categories, spotting several changes to stay relevant to the evolving marketing landscape in Asia Pacific. 3 new Specialty Categories are introduced – Branded Content, Programmatic, and Seasonal Marketing.

    In addition, the Positive Change Effie Awards, a multinational programme run in collaboration with the World Economic Forum, is now offered as part of the APAC Effie program under Environmental – Brands and Environmental – Non-Profit. In alignment with global practices, we have rebranded Goodworks – Brands as Social- Brands, and Goodworks – Non Profit as Social – Non-Profit under the Positive Change categories this year. Full list of categories and category definitions are available in the Entry Kit.

    “As one of the most coveted accolade in this region, the APAC Effie has become the “must-enter” award in the region’s competition calendar. This is where we can demonstrate our capabilities to deliver innovation, creative solutions and results for brands,” said Anthony Wong, the 2017 Awards Chairman. He added, “I am excited to see the cases and look forward to be inspired by outstanding work that represents the best of the region – and the world.”

    The 2017 Awards is now accepting entries through to December 2016 for all marketing communication efforts that have ran in Asia Pacific during the qualifying period. Winners will be announced at the Awards Gala in Singapore in April 2017.

    Visit www.apaceffie.com for more information on the competition.

  • Iconic Global Brand, Calvin Klein, Debuts on ZALORA

    Iconic Global Brand, Calvin Klein, Debuts on ZALORA

    ZALORA, Asia’s online fashion destination, today announced a partnership with iconic global lifestyle brand Calvin Klein to launch Calvin Klein Jeans, Calvin Klein Underwear and Calvin Klein Performance at ZALORA.com across the Asia region. This partnership significantly expands the distribution of Calvin Klein presence in five key markets including Singapore, Hong Kong, Taiwan, Malaysia and Philippines. Fashion-conscious customers from these countries can now buy their favourite Calvin Klein products on-the-go and at the comfort of their home at ZALORA website and Calvin Klein owned online store.

    ZALORA will launch the Fall 2016 season with Calvin Klein Jeans – the original designer jeans that exemplifies sexy, provocative and youthfulness; Calvin Klein Underwear – the first designer underwear that is modern, body conscious and sensuous; and Calvin Klein Performance – a contemporary and stylish athleisure wear. Offering over 300 assortment of product from womenswear, menswear, underwear, bags and small leather goods, ZALORA.com is a comprehensive one-stop online shopping destination for Calvin Klein fans.

    “We are thrilled to be launching Calvin Klein across all of our markets in Asia,” said Parker Gundersen, Chief Executive Officer of ZALORA Group. “Calvin Klein enjoys tremendous appeal across Asia and this launch will be an exciting enhancement to our brand portfolio. With strong partners like Calvin Klein, we remain well ahead of the competition in terms of product assortment and ability to serve the millions of consumers throughout Asia seeking trusted and convenient access to fashion online.”

  • Singapore’s MyRepublic launches in Australia

    Singapore’s MyRepublic launches in Australia

    Singapore-based ISP MyRepublic will launch in the Australian market later this month over the national broadband network (NBN), as part of the company’s ongoing regional expansion.

    MyRepublic will launch an unlimited data service at the fastest NBN speeds available in that area at the single price of A$59.99 ($46.10) per month.

    Unlimited data plans are still relatively rare in the Australian market due to a lack of competitive fixed-line infrastructure, even as the NBN wholesale network is progressively deployed.

    MyRepublic Australia managing director Nicolas Demos said the company plans to differentiate by offering the best speeds possible with unlimited allocations.

    “It is time to educate Australians on the value of quicker speeds without the restrictions of data caps,” he said.

    “Australia has the 48th fastest average internet connection speed in the world. Over 80% of Australian customers on the NBN are currently running on speeds similar to ADSL technology. We will deliver customers the best speed they can get – at their location – with our unlimited plan offer with local support at a fair price.”

    MyRepublic was founded in 2011 and was the first company is Singapore to offer 1Gbps broadand services for under S$50 ($36) per month. The company has been pursuing regional expansion, and has so far also launched services in New Zealand and Indonesia. At home, the company is vying to become Singapore’s fourth mobile operator.

  • Manchester United stars to introduce Cafe Football

    Manchester United stars to introduce Cafe Football

    Former Manchester United stars Ryan Giggs and Gary Neville will open a football-themed cafe in Singapore next year as part of a business venture with real-estate firm Rowsley.

    rmp_cafe_football_0823-1280x853-

    Gary Neville (left) and Ryan Giggs team up.

    Cafe Football is the first overseas venture for the UK franchise, which also includes Hotel Football just beside Old Trafford in Manchester.

    Cafe Football and Hotel Football were initially set up by Singaporean businessman Peter Lim along with five of the Manchester United’s “Class of 92” cohort, which includes Giggs, the Neville brothers Gary and Philip, Paul Scholes and Nicky Butt. Rowsley last year acquired the majority share of both Cafe Football and Hotel Football, as well as hotel management company GG Collections.

    The company has just revealed its intention to bring the franchise to Asia, as well as Europe, over the next decade. It has identified China and India as the main markets it is targeting for expansion.

    “We’ve been approached quite a lot by partners to expand,” says Gary Neville, who played 602 games for the club. “Knowing there’s quite a lot of excitement in the market, we’re filtering down to the best opportunities that support our brand and product.

    “So far, we’ve had fantastic reviews in Manchester, with a more than 80 per cent occupancy rate even during non-match days. Now we are looking for a UK, Europe and Asian expansion over the next 12 to 18 months to add multiple properties.”

    Neville says they hope to build more than 5000 rooms over the next 10 years. They are hoping to open in Indonesia, Malaysia and Thailand, with some developments including both a hotel and cafe, while others will be a cafe only.
    There are currently two Cafe Football outlets in the UK, in Manchester and London. The cafes feature menus divided into “defence, midfield and attack”, with dishes named after football phrases such as “The Special One”, “Mexican Wave” and “El Classico”.

    Lim previously was involved in a football-themed eatery in Singapore. Fashion brand distributor FJ Benjamin, of which Lim is a shareholder, co-owned the now-defunct Devil’s Bar, a sports pub with a Manchester United theme, at Orchard Parade Hotel.

  • M1 equips first building with fiber under FRS

    M1 equips first building with fiber under FRS

    Singapore’s M1 has been selected as the Fibre Ready Scheme (FRS) partner for property developer Ascendas-Singbridge, and has completed the first commercial fiber upgrade installation under the deal.

    The companies have equipped seven-storey integrated business park Ascent with fiber, making the Singapore Science Park facility the first FRS-enabled building.

    M1 and Ascendas-Singbridge plan to install and enhance fiber infrastructure at 70 commercial deals by 2018 as part of the alliance.

    “M1 was the first to launch commercial fiber broadband service in 2010, and we are pleased to build on that effort to partner Ascendas-Singbridge to install and upgrade the fiber infrastructure across its commercial buildings island-wide,” M1 chief corporate solutions and sales officer Willis Sim said.

    “This will enable even more corporates to rapidly enjoy M1’s innovative, competitively priced, and highly effective business connectivity service and corporate solutions such as cyber security and unified communications.”

    The FRS is an initiative of the Infocomm Media Development Authority (IMDA) as part of an S$200 million fund to help owners of commercial buildings enhance the location’s telecoms infrastructure. It involves offering a one-time subsidy to defray the costs of an upgrade.

    “With the addition of Ascendas-Singbridge’s 70 buildings, close to 200 buildings have applied for FRS to date,” IMDA assistant CEO Khoong Hock Yun said.

    “We strongly encourage more commercial building developers and owners to leverage on the FRS to enhance and future-proof its buildings’ fiber infrastructure before the program and funding ends in March 2018.”

    strongly encourage more commercial building developers and owners to leverage on the FRS to enhance and future-proof its buildings’ fibre infrastructure before the programme and funding ends in March 2018,”

  • 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/

  • 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.

  • 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.”

  • 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.

  • 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.