Eight adorable buildings

  

Reflections evening view

Over the years most of the people tend to think all what can be seen or heard is just the same as what has been said or seen before as well. This is not the case when it come to the buildings in the Singapore. Specifically, the best eight buildings which have made Singapore get most of the glory as a result of such tall buildings therein. They have been designed by the most known architects in the whole world. For sure they must be very amazing to many even if not to everybody. Let us look the following Eight tall buildings in Singapore as follows:

The first one is Keppel bay reflections (photo), finished in the year two thousand and eleven. This building is known worldwide due to all what it contains. It is in Asia whereby the building is used by the residents. They live in the wonderful building which has amazing curves which brings the idea of a art. This building was built by the architect called Daniel Libeskind who is one of the best architects in the whole world. The building is tall and it contains short other buildings as well. The building has combination of towers which are six in total. Some have floors which are from twenty-four to forty-one. This is such a tall building indeed. It also has other apartments which also entail some gardens used by the residents. In all the towers there is a bridge which connects who those who live in there as well as the guests. The bridge enables both those who are guests as well as the residents to have a clear view which is mount sentosa and Faber.
The second building is Interlace which was completed in the year two thousand and thirteen. This is one of the buildings which brings wonders to those who pass near it as well as those who spend therein. This building was the best recognized in the year two thousand and fifteen. In addition, it was the one which won 2014 award for the urban habitat. It has a total number of thirty-one floors which look like pockets to allow light and air to pass through. This building enhances the sites of waterfall terrace and lotus pond, water park at central square, Theatre plaza, valley spa, play hills and Bamboo Garden which are the most prestigious places visited.
The third building is the Bank Apartment pearl. Over the years this building has known as the one tallest in the in the URA projects. In Singapore this building has been a residential building. It has a total number of thirty-eight floors. It has been located at Outram park. This building was planned by Archurban architect's planners and was finished to be built in the year1976.By this time this building was the only one with the largest apartments hence made it to be a site to be viewed. This building has area for shopping, communal and parking space located on floor 28th.
The fourth building is the sky habitat which was completed in the year two thousand and fifteen. This building has a total number of thirty-eight towers with three bridges linking them. It is a building which has a form of transformed habitats by Bishan skyline. There are sky gardens on the fourteen and twenty fourth floors and also a pool feature in thirty-eight floor. It has adequate ventilation and greenery features vertically.
The fifth building is the Orchard scotts Residents which was completed in the year two thousand and eight. This building is outstanding on its own way because it has facades which are shimmering. It is entailing three blocks which are clearly displayed in artworks contemporary. This building was designed by the firm Arquitectonica who also won FIABCI awards. It is one of the buildings in Singapore which is of great site to be viewed by many.
The sixth building is The colonnade which was completed in the year 1986. This building took quite a while to be completed since 1980 up to 1986.This was due to lack of enough capital in order to build it as it was initially planned by Paul Rudolph as the architect. This is one of the buildings in Singapore which is in Grange road. It has interlocking units. It is one of the amazing buildings in Singapore.
The seventh building is Sculpture Ardmore. This building was completed in the year 2014.It has 36 floors and is built at Ardmore park. It was planned by Carlos Zapata who was the architect. It has carvings and also glass fins.
The eighth one is Oliv building. Was completed in the year 2013.This building has open spaces in a vertical gardens and has 23 units. Each floor has only 2 units. It has irregular wall in shape and resembles round which is wavy. Was built by Mok Wei. It is one of the rare buildings in Singapore.

 

Singapore is Great for Businesses

  

singapore is great for business

For over a decade now, the nation of Singapore has had the friendliest economy as it relates to business and the demand and supply of the economies of the world. The guiding environment of the country makes it perfect and very beneficial for striving entrepreneurs. The evidence to support this claim comes from the league table of the World Bank. The ease at which business is conducted is measured and reported on the ‘Doing Business' report that is released on an annual basis. It is measured for a hundred and eighty nine economies and is based on business regulation of ten areas including, acquiring credit and electricity, getting a firm started and trading over borders. Singapore leads this report with New Zealand close behind with measurements of 87.34 and 86.79 respectively.

According to the report it will take approximately two and a half days to get a company assembled by entrepreneurs in Singapore while in lower ranking economies such as in countries like Eritrea it will take about eighty four days for the same process to be completed. The report determined that is has gotten a lot easier to start a new business worldwide in recent times thanks to the radical growth of the eastern world's economy. It took approximately fifty one days previously to start a business and that number has half in recent times to about twenty five days.
This report is aimed at global coverage disclosing the economic state of the countries of the world. The data that is able to be realistically collected in the lower world countries' economy determines the indicators used for the country. The report lacks certain important information that may be crucial to firms. There are two sides to a coin but this reports is made only on the factors that positively affects the economies of the world. Some information that is excluded includes the market size, security, bribery, corruption and other unlawful acts and the possible stability of micro economy.
The nations that perform the best are not usually the ones that have little regulation or less regulations and rules. The strongest nations are usually the ones that have good rules and regulations that can be determined as the best. These nations ensure transparent and efficient business function along with in their markets as well. The interest of the public is also protected by the country thanks to these good rules and regulations. The nation of Singapore needs to stay current by always upping their value and staying abreast of the competing entities regardless of the fluctuating costs of business, labor policies and slowing down of economic growth.
Switzerland has the number one competitive economy for years now with Singapore's economy right behind it. The World Economic forum is the reference that supports the claim of the top world economies. The yearly Global Competitiveness Report states the position of the world economies annually and this has been the state of the report for almost a decade now, Switzerland leading with Singapore right behind it. This will change in coming years as the Chinese economy is growing rapidly and exponentially and is expected and predicted to be the vastest economy in the world in the very near future. The global reports will be significantly different in the coming years with the increase in size of a lot of Asian countries economies. Investors will have to also keep abreast of the radical trends of the economies of the world's countries. The radical changes of the markets of the world will be significantly advantageous to a lot of entrepreneur and investors that are seeking new business venture in this time of change.

 

Laying the foundation for the Future

  

EDBsg

Executive director for logistics for Economic Board of Development for Singapore commented that focus on manufacturing innovation, which is Singapore's core strength will allow the country to take advantage of trade growth around Asia. There is a marked slowdown in Asian trade, but the growth will resume with increasing young adult population and booming middle class. Asia will see booming growth for coming future years, far better than other parts of the globe. Singapore's EDB, the main economic agency is in charge of almost 40% GDP for the country.

The Singapore Economic Development Board (EDB), a government agency under the Ministry of Trade and Industry, is responsible for strategies that enhance Singapore's position as a global centre for business, innovation, and talent.
 
"EDB is selective in engaging and promoting investments which meet the resource profile and the aspirations of Singaporeans. We are committed to ensuring that activities in Singapore are fit for the future and sustainable in the medium to long term.
We are confident that these efforts will accelerate our shift from being a value adding economy to being a value creating one, to bring about sustainable economic opportunities for all."

Dr Beh Swan Gin, Chairman, Singapore Economic Development Board

Looking back in time, South East Asia trade harmonization in 2015 will see 10 member nations doubling trade volume, with 25% originating from inter Asia trade. ASEAN countries comprising of Brunei, Malaysia, Cambodia, Laos, Malaysia, Singapore, Myanmar, Philippines, Vietnam and Thailand has 600 million strong population. ASEAN relationship will see higher commitment for freer cargo flow and finance movement. There will be convergence and standardization of trade practices as well as transportation infrastructure. Singapore Port suffered lower port volume movement due to global trade slowdown. Container traffic at five main terminals operated by one and only PSA Singapore rose only 1.4% year on year during the 1st half for the year, down from 5.2% growth in 2011 and 2012. Jurong Port is another port facility handling containers. Manufacturing output in the island city state fell 5.9% year on year in the month of June. If biomedical manufacturing products are excluded, the total output fell just 0.5%. Biomedical production is more cyclical in nature hence the demand fall is more severe compared to other stable industry.
Rolls-Royce Singapore is the sole company based in Asia to manufacture Boeing's engine for its latest 787 Dreamliner model as well as Airbus A300 jumbo jets. This solidified Singapore's status as a high value chain manufacturer. 40 years ago Singapore were known to American consumers as a low cost manufacturing hub. Engineering products are another key output where almost 70% of jack up oil rigs originating from Singapore. Singapore is also a top manufacturer for semiconductor components. If we analyze the history of Singapore manufacturing scene, over the last 40 years low value manufacturing has been replaced with high value production output.
Comprehensive infrastructure has enabled Singapore's factories to be more competitive against its global peers. Changi Airport was ranked 12th in terms of cargo handling volume in 2014 and its port ranked 2nd in the whole globe right behind Shanghai. Singapore topped the World Bank ranking for logistics and trade flow in 2012. The logistics industry in Singapore employs around 200,000 skilled labor and contributes 8% to the nation's GDP. Manufacturing on the other hand contributes 25% for Singapore's GDP. Singapore port is not spared from competition from all fronts. In South East Asia alone, Colombo Port in Sri Lanka as well as Port Klang are vying a piece of the trade pie. Singapore has managed to come out tops due to its dominant container capacity and reliable and efficient service coupled with stable political scene.
85% of roughly 30million TEUs that passes through Singapore annually are transshipped, with the remainder 15% being direct exports and imports. A planned new port located in Tuas will be expected to expand Singapore's capacity to 65 million TEU by 2027. Tuas will serve as the new western transshipment hub. Its Pasir Panjang Port Terminal will undergo expansion in order to increase capacity by fifteen million TEU. Total amount spent will be around $3.5 billion. Singapore has the potential to provide specialized service that serve the healthcare, aerospace and oil & gas industry. About 20 top global 2rd party logistics enterprises have solid base in Singapore. This will help Singapore advance the specialized service sector. DHL, UPS as well as World Courier have started launching healthcare logistics services, using Singapore as a main hub. DHL and Panalpina had used Singapore as an oil & gas hub for logistics.
Singapore's strong economic development focus and world class education system can assist companies in refining their operational procedures to excellent levels. There is unlimited growth potential for supply chain solutions providers. Asia has yet to come to a standardized operating landscape hence shippers will have difficulty attaining efficiency for the supply chain management. There is much to be learned from European and US counterparts. Manufacturers are constantly on the lookout for efficient supply chain management solutions across all geographical regions. Trade within Asia and with countries outside of Asia will continue to grow and companies should be well positioned to capture the growth.

 

Property Acquisition trend in Singapore

  

singapore property 2018

After 3 years of falling prices, 2018 is looking like the year that Singapore property market turnaround finally rises up again.

Real estate value rose in excess of 80% in Singapore from 2008 to 2013. Government stepped up its regulatory measures to control the overheating market for fears of a market bubble. The measures worked effectively bringing down prices by 1.4% in 2014 and another 3.7% in 2015. In 2016, everyone is closely watching the market outlook. Jones LangLasallereseach director MrOng expects prices to fall another 8% in view of the slowing ecnomoy.MAS conducted a study which concluded that Singapore home prices would be 17% higher if government had not introduced a slew of cooling measures.

The government has been cautious to ensure first time home buyers whom were citizens of Singapore were not affected. Home buyers acquiring their 2nd and 3rd residential units had seen their transaction cost skyrocketed. Some complained that government measures were too stringent, causing a higher than expected fall in property prices. For 4Q 2015, prices fell for the 9th consecutive quarters. This is by far the longest continuous fall for the past 17 years.
2016 1st quarter saw sharp uptick in residential property sales for new launches. 500 units were said to be sold, reflecting a 64% q-on-q and 73% y-o-y increase. The uptick were mainly contributed by strong demand for Cairnhill Nine, a residential project on the back of a 99 year leasehold land with total of 268 units launched near Orchard. Other indicators signaled a still depressed property market. Rents for prime sector decreased 1.3% on a quarterly basis while luxury sector rental rates decreased 2.7%. Economic slowdown is the main contributing factor. Singapore's large oil & gas sector is at an industry low point due to excess inventories and low oil prices. Industrial production, trade and retail sales continue to underperform.
Government policy to reduce population growth saw falling demand for private houses. New residential projects continue to be launched via large suburban township development and public housing building schemes. Excess supply over housing demand caused real estate values to drop. Government took public feedback on lacking of infrastructure to heart by slowing down immigration into Singapore due to rapidly increasing number of residents. Government increased public funding for new MRT lines construction, healthcare centers and public welfare projects. 2017 will be most projects reached their completion states. Government policy for relaxing immigration will see a rise in population, thus dirving up house prices.
Property market is dependent on economic growth rate. For 2016, economic growth is expected to fall within 1% to 3% only. Finance Minister, Mr. SweeKiatHeng announced that government would spend 7.3% more (totaling $73 billion). Fund allocation increase for public infrastructure spending will spur growth.
China slowdown has severely affected global growth. The electronics manufacturing in Singapore is feeling the heat and slowing demand. Government will provide assistance for businesses to brace for tough times. Income tax rebate for corporations increase 50% from 30% of tax to be paid, with a max cap amounting to S$20,000 every year in 2016 as well as 2017. Marine sector and other industry in worse conditions were given assistance in the form of foreign labor levy increment deferment for work permit holders. NUS and REDAS conducted a Real Estate survey that shows 90.6% view global slowdowns as biggest risk affecting Singapore's property market. The index for current as well as future sentiment stands at only 3.5, between 0 and 10. Slowdown is the current trend in property markets.
About 64% felt that there will be further liquidity and finance tightening. Job retrenchment will pull down the markets. Real estate values may see a recovery when government withdraws its property stabilization mechanism and policies. The Finance minister clarified that current level and price conditions do not warrant relaxation of property market tightening measures. It is still too early.

 

Investment in Strata houses

  

residential developments

Ever thought of living in a gated community home? Strata homes offers you with the opportunity to live in a communal home with amenities such as shopping centers, playground , security surveillance all day and night as well as other facilities such as a swimming pools. Strata homes are built independently but all the houses are enclosed in one major perimeter wall.

In the past few years, investment in Strata homes was a challenge to most potential buyers as policies from financial providers were offering zero debt servicing for them. There were loops in sales and resale's of the properties due to the financial status of the target market being a target of not being serviced by banks. This further impacted heavily on the price of tag of the homes between 2013 and 2015 where prices dropped by more than 10%.
All is not lost, as the industry is stepping on its feet again. The comeback of new condominium projects is a sign that there are viable prospects in the property. This is in line with informing the potential home owners to invest in this sector that has its niche not exploited to the maximum.
Certainly, landed homes give any potential home owner the value of their money when taking into consideration the aspect of price performance. From a recent research, landed homes did outdo the non-landed homes as far as price performance is considered. The price index of the property has registered an annual growth of over 4.8%.
Practically, resale of landed homes earns more than the non-landed homes. From 2005, the price for reselling a Strata home per square feet was $356 and had doubled to $716 per square feet in the year 2015. Figuratively, this is an indicator of an annual gain of over $7.2. Over the same period, the non-landed homes price per square feet had risen to $628.
Buyers should however , be cautious of the fact that the probability of gain in value of a Strata home will depend on the time of buying as well as the price that was paid. The above evaluation is for helping any buyer who is torn between investing in either landed or non-landed homes.
It is also important to note that all property listing do not necessarily reflect competitiveness in pricing of homes. This will help prevent the buyers from overpaying for home units as resale of the properties is subject to a factor of time.
More apartment projects have included landed homes in their units since the year 2011. The market has on the other been reflecting negative results as the homes have not yet been resold with the current resale market, there not easy to evaluate performance of their prices. This has led the evaluators to using anecdotal substantiation to evaluate the price performance.
The price gain over a period of time for Strata homes is higher compared to the non-landed condo units. As earlier indicated, it is a subject of timing and pricing while buying and selling. Giving examples, in Ridgewood, a unit bought in 2005 at $469 per square feet fetched $1,209 in 2015, indicating a 158% price gain. In another freehold establishment in Sandalwood, their reflection of price gain was 79% over the same period. This indicates that the landed homes offered more value for money.
The market view these landed homes as properties that are worth having for keep. Paying a price that is competitive for properties is call to the potential home buyers to conduct an in-depth research and due diligence of the property. Comparing with other locations will be crucial in making of such decisions. There are limited landed homes in the market and therefore wise to check on the best. From about 258,098 private homes and condo units, there were about 72,205 landed homes.
With regards to Singapore's fundamentals' of the economy, this scarcity is meant to safeguard the capital appreciation of the landed homes in the long term. To put this into perspective, there are around 1582 landed property that will be completed in five years' time. That is a representation of about 3% of the upcoming 57597 private homes. 56,015 non landed homes are also under construction.

 

Buying property for foreigners

  

singapore condo

Singapore is a top property investment market since 1990s. Singapore property investors have at least made three times the amount of capital outlay. Foreigners are curious as to their eligibility to purchase a property in built in Singapore. The answer is yes but it comes with more restriction compared to a citizen in Singapore. Two main investment categories available are residential property as well as commercial property. Within the residential segment and commercial segment itself there are sub categories and foreigners will only be able to invest in certain sub categories.

Residential property types in Singapore include HDB flats, Executive Condos, Private Apartment, Private Condo and Landed houses. Only Singaporean and PR holders can officially buy HDB houses which are subsidized housing schemes by the government. Foreigners have no ownership rights to HDB. Executive Condos are subsidized condo for Singaporean and PR. For PR holders, they can buy one after 5 years have passed from the completion of building, or commonly known as the Minimum Occupation Period (MOP). Foreigners are allowed to purchase one after 10 years. Private condos and apartments can be bought by foreigners, and there is no restriction on the number of units one can buy, just the average cost is around $2 million SGD so only for wealthy. For landed houses, foreigner keen on the houses must have government consent where owners have to prove that they contribute meaningfully to Singapore's economic development. There is a dedicated online portal for application.
For commercial properties, some of the sub categories include shop houses, office blocks and units, hotels, warehouses, factories, shopping malls and many others. Commercial property can also be freely bought and sold by foreigners. Leasehold property and freehold property are 2 only property tenures in Singapore. HDB as well as executive condos has a 99 year leasehold term. Private condos and apartment has 99, 999 years term or freehold. Leasehold property means Singapore government owns the land and property owners are leasing it back from the government for a small annual fee. The land is to be returned to government at the terminal lease period. Foreigners can own both freehold and leasehold properties.
Property taxes are additional cost added to the purchase price of Singapore property. These taxes include buyer's stamp duty, seller's stamp duty, annual property tax, income tax on rental and GST (goods and services tax). Buyer's stamp duty rates are 3% less SGD5400 for property price above SGD360,000 and additional buyer's stamp duty rates are 15%. Free trade agreements signed by Singapore and countries such as Iceland, Norway, Liechtenstein, USA and Switzerland will see the buyer exempted from additional buyer's stamp duty if the foreigner is a valid citizen or PR from the foreign countries mentioned.
There will be a seller's stamp duty tax imposed if sale of property is made within 4 full years from date of acquisition. The rate starts from 16% for sale occurring on the 5th year, with gradual decrease every following year. Annual property tax for residential property is dependent on the use of property. If a property is for private stay, tax rates ranges from 0 to 12% of annual property value. If a property is rented to outsiders, tax rates ranges from 10 to 12% of annual property value. Property tax rates for commercial properties are 10% of annual property value. Property annual value is derived from the gross annual rental rate for properties being rented out, excluding furnishings and furniture maintenance fees. Estimated market rental rates for comparable properties are used as comparison estimation. Rental income used to derive the Income tax rates on rental is net rental inflow after deducting directly attributable expenses ie interest on home loan, commission for real estate agent, maintenance fees, property tax and others. Foreigners are required to pay 20% net rental inflow tax rate, but will increase up to 22% beginning from YA 2017. GST in Singapore stands at 7% and payable to any commercial property buyers who are individuals.
Locals and foreigners alike have made huge capital gains and realized profits by property investment in Singapore but there are many who also lamented missed opportunities over the years. Singapore economy is expected to grow with gradual rising property market as better infrastructure are built such as new MRT lines and expressways. One must be brave to take the necessary action in view of the stable political scene in Singapore with very low unemployment rate.
Buying property can be summarized in few key steps. Firstly, perform a quick loan assessment on you own financial standing. Check out the mortgage markets and packages with a mortgage specialist. Proceed to discuss on desired property types and location with the property agents. Shortlist desired units and make arrangements for viewing. If you are satisfied with the price and conditions, proceed to pay a booking fee and arrange for loan and you will soon be accepting the keys to your first property purchase.

 

Economic Advantage from the Raise of Middle Class

  

changi

Cannot be denied, lately, Asia has risen a number of a middle class, due to the economic growth. According to the fact that Singapore Economy sector has to face the decline for a bit, there also a good sign that statistic has shown an increase in consumer spending in Southeast Asia, and in air traffic at Changi Airport as a regional hub. A raised in a middle-class people of the Asia region absolutely will increase their domestic consumption. This consumption also includes a high-tech product and increasing the number of the manufacturing sector. This also has an impact on their import number to increase, and the last, adding their investment in the foreign country. Despite the political uncertainty which occurs in some countries of South East Asia (associated in Association of South East Asian Nation), EDB was certain that Singapore can take an advantage of the growth of the population of countries like the Philippines and Indonesia. ASEAN country has a 5 percent growth in the economic sector. It will give Singapore a chance to get profit, as long as they open up the economy and have some policies that friendly with the market. EDB also certain it will last for about a long term.

Economic Development Board of Singapore, as the lead government agencies built in 1961, is an institute that developing strategies to keep Singapore become a global business center. EDB has the aim to attract the foreign investor to boost the Singapore manufacturing industry sector. EDB is the future preparation for the Singapore nation. They have established a strong position in the global economy, and not less important is they have to create a competitive environment in order to save the city's standing inside and outside of the region. EDB's aim becoming tough since the statistic has shown that Singapore export-oriented has been flat for the first quarter. But the EDB aim has been strengthening by the Monetary Authority of Singapore (MAS) by issuing a policy to not taking appreciate from currency. EDB thought this policy aim is to stabilize the cost structure in Singapore, which will pull out the business competition and encourage them to step up to the market. Further, this policy has kept the cost structure to be in competitive range. Nonetheless, the currency will become a big problem. This policy has put aside the currency problem and lead to a growth number of exports.
The cost structure has become so important because it has an impact transmitted to external demand and import prices. The MAS set to zero appreciation path to make a nominal effective exchange rate policy, to bend the imported and domestic pressure of inflation.
The government has put an effort to tightened the application process for the foreign workers, not by sorted of their nationality, but more oriented to the target which is valuable and investment- potential. Beh Swan Gin from the EDB said that if a company is servicing a Singapore's customers, then it will not make a sense to have all of their staff come from a foreign country.

 

Hard workers of Singapore

  

MediaTek example

A vital part of Singapore's economy is the electronic industry. This industry accounts for twenty five percent of Singapore's total manufacturing output. The industry has approximately eighty thousand workers and many of these works stand out. A couple of these hard working people where profiled and this article speaks a little about them.

Kevin Koh is a thirty four year old that leads the central processing unit team at Media Tek Singapore. This team works with many other team from around the world to make better the CPUs that are installed in everything from phones to internet boxes. With the demand for higher performance Mr Koh's believes to combat this with multiple CPU installed on the silicon chips of electronic devices that will increase the capability of the device. The energy efficiency of the CPUs is also something that Mr. Koh's team of technicians have worked on. Anyone can relate to their phone's battery going dead in crucial moments due to power leakage. The prevention of this s also a task that the team has been charged with.
At the time of Mr. Koh's employment to Media Tek as a physical design engineer the demand for digital performance was not as high as it is today. Even Mr Koh himself used a simple phone that allowed him to make calls and messages. He has upgraded somewhat to a device that runs on a quad core that enables him to take pictures, send email and a host of other task right from his cell phone. He commented that personally using the devices that his team had worked on the CPUs is the best and perfect way to test the quality of the device while making note on the required upgrades that will make the device more dynamic.
It is the belief of Mr. Koh that customized machines are always better and less expensive than conventional ones. He finished University with a degree in electronic and electrical engineering in 2005 and spent his first year of employment at Fujitsu Microelectronics Asia Limited. He then left to join the team at Media Tek and was shortly promoted staff engineer and then to manager of the CPU high performance team. He has currently completed a Master of Science in Electrical Engineering.
The Singapore Silicon Laboratories has a forty eight year old design director that goes by the name Leung Kafai. Ms. Leung Kafai has always been fascinated with how things work and spent most of her time playing in her father's tool box as a child. At that time she was only skilled at pulling apart devices but as she grew so did her skills. She attended Texas A&M University and attained a Bachelor of Science in nineteen eighty five after which she worked as a system designer in Texas. She shortly attained an Electrical Engineering master's degree in Austin at the University of Texas.
She became a part of a startup organization in the year two thousand called Cygnal Integrated Products. This company was soon later swallowed up by Silicon Labs. Her new job title at this point was senior engineer and as her new company established a team in Singapore she got the chance to be the team leader of the microelectronics design. Her team is the one responsible for the artificial intelligence of electronic devices such as their energy efficiency. She leads a team of twenty that is responsible for the design of chips. She is a strong believer in having a social life and she tries to keep hers and her teammates weekends free to spend with friends and family. She also plans get together for her teams and their families.
The next hard worker to speak about many love and without even knowing they do. She is the designer of the chip in television sets that allow you to channel surf. She gets very proud whenever she sees a television set on knowing that it was possible thanks to something she created. She commented that the rapid advancements in microelectronics is what keeps her so interested and intrigued to the field. She worked in Britain for a couple of years where she eventually finished a Master's in Electronic Circuit Design and Manufacture. This was from the University of Dundee. She worked for a couple companies back in Singapore before becoming a part of the Broadcom team in the year two thousand and five.

 

Singapore Air Cargo Industry

  

Changi Airport

During the 1990s, Asian Tigers comprising high powered economic growth for Thailand, Singapore and Taiwan dominated the headlines. Airports together with national carriers were fast developing as well for rapid expansion of freighter fleets. China's rise put the Asian tigers growth pale in comparison. Cargo volumes at Changi Airport fell 3.2%, with overall growth for the 1st 7 months of 2013 rising a mere 1.3% in tonnage. Singapore will be parking a B747 freighter in June. Mr. Kelvin Wong, director of logistics for EDB sees static volumes for airfreight as success indicators. This is due to Singapore moving up the value chain for logistics, with products becoming smaller in size. Singapore used to export bulk boxes of printers and computers. Now it is transporting cutting edge medical devices, aerospace components and microelectronics. Businesses are always looking for ways to be more efficient and lower costs. A shift to sea freight is taking place as well. Hence flying is regarded as 2nd choice in terms of cost savings. A solid volume base is a sign of still healthy sector.

Air cargo enterprises are thriving in Singapore, due to its strategic hub location and World Bank has consistently ranked Singapore as top 2 best places for logistics. Singapore is a popular destination for being foreign companies' Asia hub. For instance, Texas Instruments just partnered DHL and Swisslog to launch Autostore, a high end automated logistics system. Dyson, a UK based electrical goods maker famous for its vacuum and fan, has been churning products form Singapore since 2004 and will continue to invest in a new manufacturing facility. Medtronic, a pacemaker company for human heart is also launching a worldwide centre of excellence, adding base to its Asia Pacific HQ. Rolls Royce launched its Trent engine for Boeing Dreamliner, a first in Asia. Cargo for air gets bigger at the same time. Logistics is in Singapore's DNA and a pillar of support for Singapore's economy. Sound economic planning ensures simultaneous development in its air, sea and custom clearing development with minimal friction. Singapore's seaport is known to be the largest transshipment hub. Strong custom agreements with global economies put cargo clearing in Singapore within minutes. All a freight operator needs is one portal to satisfy all regulations.
Many logistics players are expanding their footprint in Singapore. Panasonic recently transferred its whole purchase and logistics department from Japan Osaka to the island state. Infineon will partner as its exclusive supply chain manager. About 10% of world silicon wafers output and 40% of hard disk devices originated from Singapore. Established forwarders like SDV are rapidly expanding, with the latest opening of a 42,000 square meters huge warehouse aiming for servicing the luxury segment, health care, oil & gas and aerospace. DB Schenker, another heavyweight will also launch as even bigger 54,500 square meters logistics centre targeted at the electronics, automotive and healthcare segment, estimated to begin operations by Q2 2014. Singapore will emerge as the control tower for supply chain management based in Asia. Singapore has all the perks and infrastructure to make a supply chain more responsive due to expertise honed by its skilled industry veterans.
Many raised doubts about the space for new development as Singapore is already saturated and crowded. Wong has no qualms about the issue as EDB is always proactive in factoring all concerns into their master planning and resourcing plans. Changi Airport will be seeing new 4th and 5th terminal being built and fully operational by 2020 and expanding current runway no.3 into one full length 4000m commercial ones. The expansion plans will see passenger capacity doubling, and space extension for higher air cargo volume. It will be a win win solution for air freight operators wanting more space and airside facilities. FedEx has just launched in prior years.
EDB has provided full support for its e-freight at Singapore project, which is a project involving government running a centralized database for forwarders and carriers to exchange trade information. 17 companies had shown full commitment to this initiative and 37 more have shown huge interest. All participants are committed to IATA goal for attaining 80% routes covered by e-freight by 2016. Singapore has shown tremendous potential as a favorite airfreight hub due to India and China. ASEAN, with its 600 million strong population has as big an economic region compared to Shanghai, Beijing, and Guangzhou. It has the same scale as South America.
ASEAN plans to have a unified economic integration by 2015 and this will double trade flows with 25% occurring within Asia. Markets in Asia are key to many companies. ASEAN will be as important economic bloc as China.

Dry weather to affect production output

  

palm oil

There is a burning question mark on the impact of the dry weather, brought about by the El Nino phenomena on palm oil plantation companies palm oil trees output. Dry weather still continues to affect all households around South East Asia especially Malaysia and Indonesia. There is a consensus among plantation research analysts that expects production for palm oil to increase and effectively bidding farewell to the longest dry spell ever witnessed around South East Asia. Average sale prices (ASP) for crude palm oil will see a short term boost until production output recovers to normalized levels and inventories being restored.

UOB KayHian, a Singapore based brokerage firm, published a report on plantations with the report detailing analysis on expected production recovery for 2016. The dry spell caused a lagged impact to production output in 2nd quarter of 2016. As the dry spell ended, production witnessed a recovery. In the western and central parts of Kalimantan, rainfall is still happening regularly where conditions are viable for palm oil trees to bloom and less stress on the flowers.
Total production output accelerated marginally in 2016. Plantations firms have varied tree profiles. Younger age trees will see higher production recovery while older age trees will be severely affected by the dryness. Those with older trees will witness slower rally in output volume. The average sale price for Crude Palm Oil (CPO) creeped up slowly from 2nd quarter of 2016 onwards. In actual fact, palm oil prices started its uptrend.
One must note that zero export duty was imposed for the same quarter in year 2015, hence any price increments were not  felt in 2nd quarter of 2016. Only on Q2 for 2016 can one see the impact of higher palm prices. The new Indonesia's export duty rates kicked in for palm oil production since July 15 2015. This minimized any impact on financial results. The duty collected will be utilized for its ambitious biodiesel mandate, assisting plantation smallholder with replanting exercises and facilitating deeper research for new palm seed discovery.
Another side of the plantation equation is export figures. Palm prices have not rallied hard as usually happens during severe El Nino scenarios as there is a marked slowdown of palm oil exports to top consuming countries China and India. Prices for palm oil may see a boost which will draw down stockpiles. Should there be continued production cuts, prices will definitely be well supported. For the first time CPO output will actually witness a year on year negative growth due to the severe dry spell hitting main plantation countries Indonesia and Malaysia. These 2 countries combines produces almost 90% of the whole global output for palm oil and weather patterns have immense impact on the palm tree yield and oil extraction rates.
There is still a lot of uncertainty in the outlook for CPO production. Lagged impact may be felt in the coming months but production may recover fast. La Nina has been widely speculated to follow suit which has historically been a production output booster to palm oil output. Plantations firms are closely watching the weather forecasts and patterns in the coming months to better manage their production operations.
 
Most of the world's palm oil is currently being produced in Malaysia and Indonesia but now The Guardian news reports Brazil's ambition to become a palm oil commodity giant. Palm oils is used in toothpastes, soaps, and detergents and many packaged foods. There are some ethical questions around deforestation for palm oil profit, so we hope the companies involved are responsible for sustainable cultivation. The non-profit World Wildlife Fund (WWF) launched a new alliance in Singapore that aims to boost demand for sustainable palm. The vision of the Alliance is to make CSPO the norm to stop the haze as well as deforestation and habitat loss in the region. It aims to provide a platform for companies to come on a sustainable journey towards producing, trading and using certified sustainable palm oil. The Singapore Alliance for Sustainable Palm Oil is supported by five founding members, who together produce some of the most popular everyday brands used by Singaporeans. The five founding members are Unilever, Danone, Ayam Brand, IKEA and Wildlife Reserves Singapore.
  
1  2  3  4  5  6 
  
Page 1 of 6
up Top