SPECIAL FEATURE: Insurance INTERVIEW: PwC FEATURE: Orient SINGAPORE
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CONTENTS Feature: Buying&SellingArtOnline-TheChallengesand Feature: Asia’sMedicalInflation–CauseforConcernNewsLet'sDiscuss...President'sMessage Editor:alison@britcham.org.sg#11-03RobinsonPointTel:+656222-3552Fax:+656222-3556www.britcham.org.sgOrientisabi-monthlymagazineandarticlesaresentatowner’srisk@bccsingapore@britchamsg Feature:Feature:ExecutiveDirector'sMessage Education&STEM-CreatingaSolidFoundation Feature:Feature: Folkington’spremiumTonicWaterstoprovideaBritishtwisttoSingapore’sGin&TonicRevolution Feature:Feature:
PRESIDENT: Rolls-RoyceSingapore SECRETARY: TREASURER: TradeArcadisPricewaterhouseCoopers (Ex-Officio) (Ex-Officio) EVENTS: MEMBERSHIP: (Chairperson)(Chairperson) , (Co-Chair), DEVELOPMENT: (Chairperson)(Chairperson)Chairperson(Chairperson) Executive: Executive:
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Tel:39RobinsonRoad,#11-03RobinsonPoint,+656222-3552www.britcham.org.sghttp://bit.ly/orientfeedback
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continuityclientThetransactiondemonstratesHawksford’scommitmentandfundadministrationcompany’sglobalHawksford’scorporateclientswillnowhaveaccesstoaAsia,whileP&PclientswillbeabletoutiliseHawksford’sP&P’sPartnersStefanoPassarello,DarioAcconciandforP&P’slongstandingclientbase.platform.“Hawksford’sacquisitionofP&PfitsourFiftypercentofHawksford’semployeesarenow“P&PisrunbyateamwhoshareHawksford’sarepassionatelyclient-orientated.integratingP&P’sstaffbenefitsfromthisacquisition.”“ThisacquisitionpresentswhileP&P’sreachacrosskeynewservicestoourestablishedclient
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NEWS:
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Mediacorp:attendedguestsfilmmakerstoanOscar-styleGalaScreening.Closeto400dressedupHollywood-styletoviewthe33story-telling,buttolearnfromindustryexperts.Asananexclusive‘IndustryDay’on3•TomBatchelor,General•DoreenNeo,ChiefContent Tanglin.”“WhileIcouldn’tofthisexciting“Forme,theandbetter.Tanglin's org.ph/uksmesphilippinescdlsantos@britcham.org.phtoVisayasregionbringingforeignanotheroneofthecountry’srapidlygrowingplayersfromwww.britcham.
usersCybersecurityisback.AheadofSeptember’s seeing:databreachinSingapore’shistory.In•Anincreasingrelianceontechnologyinterruptions–whatwasan•Substantialtimeandcosttoresolveincidents–anaverageof168daystoCSITinBelfast,theUK’sInnovationandcyberinnovatorsandstart-upsandthe Technology don’tdatetechnology-theybreachofa•Focusonimprovingsafe)–80%•Createinventoriesdata-wecannotfullyunderstand•Separate•Acceptthatweatsomepoint•Consider•Lookoutwardsatthe
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identity•••"Singaporehasrecentthreats,ensuringaholistic,risk-based,educationandensuringrobustpoliciesareinplaceandfollowed•peopleandtalentdevelopmentatgrassmoreinvestmentinmethodstotraceoffenders""Whetheryoulearningboot-camps"AsSingaporeembarksonitsSmartNationinitiativetomovethenation’seconomydigital,ensuringsecurity,Thisisexacerbatedbyanincreaseinstate-linkedcyberrecognition."
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EVENTSUPCOMING events@britcham.org.sghttp://bit.ly/showmeevents DATE NAME TIME VENUE Aug2018E-commerceTrendsin #11-03RobinsonPoint, Aug2018SocialSept2018 Shangri-LaHotel, 20182018SeptEveningSept #10-01OUEBayfront,
www.britcham.org.sg/events/past-events/2715www.britcham.org.sg/events/past-events/2731
InsightsintoPayaLebarQuarter www.britcham.org.sg/events/past-events/2721 PartnersPartnerPartner www.youtube.com/watch?v=dz0u1lk_VFk&t=10s
Singapore’sFinancialEcosystem www.britcham.org.sg/events/past-events/2712 START-UPSERIES: www.britcham.org.sg/events/past-events/2717www.britcham.org.sg/events/past-events/2714
PwC’sdiversityandinclusionpolicyisdefinedasour“Bringingtogetherpeople,andourcommunities.” thecompany’sapproachtoinclusionandherpersonal
https://www.youtube.com/watch?v=fv_6fe-NVOo from? yearsSingapore,ratherthanfocusingonmyfamily’saspeople’svaluesreallyinmycareer,itwasaneye-ForPwC,wehavea2+1strategy–mind-setofus“mycompanytodothis”“thenewthesechangesonpaper”
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FEATURE: BUYING& TechnologyBuying&Selling effectively?Inthisarticle,wewilllook
FEATURE: BUYING&SELLINGARTONLINE-THECHALLENGES art-buyingbuymore–andspendmore–atplatformsandareyouseeisn’tnecessarilywhatyouwillhelptoreducebuyer’sremorseexpectedthatbuyer’sexpectationscostbetween£1,000and£5,000-aanartwork’srelyingon
FEATURE: BUYING& theBaxters-International(Art)LtdteamBAM!’ssuccess.Clarehasvisitwww.baxters-art.com community. the‘cartpurchases,i.e.UK’slandregistry.abandonment’.Oneoftheinabilitytocarryoutcross-Data’sroleinretaildecision-makingwillgrowandforward-start-upsthough,
HOW CAN YOUR BUSINESS GAIN FROM THE OPPORTUNITIES THAT WORKFORCE, WORKPLACE AND DIGITAL REVOLUTION OFFER? Look out for events and activities in our Future of Work series
Insurance ofPrudentialSingapore,sharesthecompany’s
perspectives designateddoesn’thavehisowndesk.Infact,seats.It’sadeliberate done“Ourworkenvironmentisnotorganisedbydepartments.It'squickly,” open-conceptOfficer,achampionofactivity-asedworkingattheinsurer’snewoffice,PRUcreativity,self-initiativeand economy,”“Wearenurturingafuture-ready collaboration “customerobsessed” customers.longer-termroadmaptocreating customers,”that“You’vereallygottochangetheyourespondtocustomers’ It’sthesamearrangementstand-upmeetings breakingabout“It’snotjustopenspaces;downhierarchy,”“It’saboutithastostartfrom teamsactivity-basedday-to-day,theprojects conversation,”“We’vecreated
companiesinSingapore,servingcreditratingagencyStandardat31December2017.Itdelivers conversationWe’vecreatedaorganisation,”“Thebestideascan aone-stopmobileapptohouseall of“Employeesalsoneedtobroadenexpertise,” sponsoringpart-timeeducationfor manyand“Byfacilitating‘what'smytakingownership,”“Toperspectives,” ofPrudential’semployeebenefits
Asia’sMedicalInflation years.Aon’sinauguralreportonmedicalinflationintheregion‘AsiaHealthcareTrends2017/18–InPursuitofEquitable,AffordableHealthcare’providesacompellingBasedupontheinputofAsia’sleadingmedicalplaninsurers,thereportidentifiesthatacrosstheelevenin-Thereportstorm’characterisedby:•Loomingdemonullgraphiccrisis•Growingburden•Contributorysedentarylifestylesinpatientfromcommunicable FEATURE: ASIA’SMEDICALINFLATION–CAUSEFORCONCERN
FEATURE: ASIA’SMEDICAL
OrganisationNCDshaveearnedthemonikerof‘diseasesofaffluence’giventhelinkagebetweenrisingstandardsforEconomicCo-operationandDevelopment’s(OECD)datafromtheearlypartofthispercentinhighincomecountries.In2009,Asia’smiddle-classpopulationwillhaveswollento4.9billion,vibrantandwell-functioningandMalaysia
FEATURE: ASIA’SMEDICALINFLATION–CAUSEFORCONCERN programmes.capacitytoincreaseout-of-pocketrequired. Outlook AsiamanyofAon’sinitiativesfordomesticandAon’sHealth&BenefitsPracticeCouncilinPacific,andisamemberofAon’s
FEATURE:
Governmentsareharnessingdata-driven
FEATURE: transformation resources.Today,overhalfoftheworld'sthatovertwo-thirdsofpopulationswillonasolidlong-termvision–avisionthathasbeenembodiedin“smartcity”today’surbanisation,governmentsareharnessingdata-drivenintelligencetoSmartcityinitiativesarewide-ranging,AccordingtoIDC,Asia-Pacificoverthe016-2021forecastperiod,transformation.initiatives:•Ensurethatpeopleandtolong-termcitizenadvantageenergy-savingenergy.•DrivebusinessefficiencySingapore’sSmart community.”“empowerpeoplenetworks,
FEATURE: partnerships technologiesAsiaPacific’sburgeoningsmartcity
number-plateimplementtechnologiestofast-trackcitiestowardsamoreenergy-efficientrecognition(ANPR)butensureup-to-the-minutedataLeveragingtechnologyinstantlythroughinterestforreal-timedatadata.embeddeddiscreetlyinthepatrolcar’sroof-mountedlightbar.
Corporation.Focus’deliverswithofcustomerswithaworld-classportfolioenterprise-gradescalablesolutionsanalyticsbuilt-in,MicroFocuscustomer-centeredbusinessandsettingthecompany’sstrategyforgrowth,
FEATURE: EDUCATION&STEM-CREATINGASOLIDFOUNDATIONFORFUTURE Education&STEMlookingatproject-basedlearningholygrailofeducation—theabilityexperienceordomaintoanother—Itanswersthe to“WhydoIneedlearnthis?” subjectsinter-disciplinarytosolve
FEATURE: EDUCATION resource-richenvironment Studentsaregivenopen-endedcross-curricularskillsthattheystudentscanusemini-robotstocompleteagolf-coursechallenge.reflection.supportiveand
FEATURE: EDUCATION&STEM-CREATINGASOLIDFOUNDATIONFORFUTURE careersforstudents’ problems.careers,skillsclassestotheopen-ended,creativeonlywilltheylearnthe“traditional”they’llneedtothriveintheirbutthey’llalsoenjoysolutionsforpressingreal-worldprogrammeofitpotentiallyCenturyforstudents’futurecareers–evenconcept-driveneducationhelps Sebastien’sexperienceincludesB2B,MNCs'andGovernmentorganisations.schools,worldleadersinK-12Blendingacaring,child-focusedenvironment,cutting-edgefacilities,lowstudent-teacherratioandglobally
FEATURE: JDX
exclusive.Weareallfamiliarwithsilo-orientated(GDPR)aroundindividuals’personalparticipantshowtheykeepindividuals’individuals’transactions.Armedwithamongstthemselvesasetofself-knownasthemanual,lengthyincreasecontrolcommunity.
regulators
commitments Derivatives:globalover-the-counter(OTC)•Increaseduseofcentral•ExecutionofOTCDerivativesonfourhigh-levelcommitmentsdifferentregulatoryrequirements-Dodd-Frank(US),ESMA(Europe)andJFSA(Japan)–andhaddifferentcountriesusingtaxpayers’money.But approachThesolution–acollaborative accesstoeverything,regulations market-driveninitiatives.Heisservices.Stuartisaco-founderof
FEATURE: FOLKINGTON’SPREMIUM Folkington’sPremiumBritishTwist ByPaulBendit,FoundingDirector, Folkington’sprovideaclassicBritishtwist. reassertingandsoccer,dailymalaria-bustingquinine.Andtennis,thecork-screwandyou’llfindthatthreequartersatthestartof2018(up5-foldsinceitsgin-makingskillsflatteringlyin1751inHogarth’s“GinLane”.that“perfectserve”bartendersareFolkington’s,oneofBritain’sindependentpremiumnon-othermixersatthisyear’stheFolkington’sapproachhaswithonlyaisthebrand’sFolkington’sbrandginwithoutownasdeliciouswhichwe’vetheclassic
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Scottishandyou’llfind
FEATURE: FOLKINGTON’SPREMIUM usedouri360.Brighton’ssomeofthecountry’sleadingbars;newBritishAirwaysFolkington’shasbeenoneofthesponsoringbrandsatthisyear’sQueen’sBirthdayPartycelebrationenjoytherangeofFolkington’sScotland’sNBGin,aswellasenjoytheremainderofFolkington’s“EnglishGarden”tonicwater.afusionofEnglish-growntheflavoursandaromasthatyou’dFolkington’sEnglishGardentonicAswellastonicwaters,Folkington’sonlyfromBritish-growntonicwaterscontinuedevelopingSingapore. Folkington’s,sectorPaulbrand,Folkington’sisfiercelyproudBenditfoundedtheFolkington’sandforstand-alonebrands.TheambitionincreatingFolkington’swines(“terroir”)intoarangeoffruitoriginallyfoundedin2012,isoneorBritain’sindependentpremiumnon-alcoholicbrands.From
Creating & strategicallybychance.Coordinatedefforts–bothandoperationally–FEATURE:
FEATURE: revenue..strategyforAsia-Pacificcompanies,Thehalf-yearlysurveyofnearly3,000Asia-PacificandgreateraccesstosurveyedinAsia-Pacificintendingtocompanieswithadual-headcross-borderacquisitions.Companies“normal”onanacquiredcompanythebusinessas-usual,withoutafocussetupdedicatedin-houseintegrationorganisation’skeyperformanceCoordinatedandoperationallysucceed.Atthepre-dealstage,success.Translatingobtainbuy-infrom
FEATURE: success
ofPost-deal,theintegrationprocessdoesnothigh-potentialcross-functionalorganisation’sstrategy,mustreinforcetheperceivedasinadequate–generousEvenasimmediatesynergytargets–incentives–aretopofmindintheshortterm,tounlocklong-termvalue,teamsneedarewithdrawn.Thisrequireslong-termfocusoneveryone’spart.regularly,soacknowledgeas-usual,whichcomplicated,time-consumingwithinthreesynergyinitiatives
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