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When young people are empowered to be kind, they can change the world. Open now for limited Pre-Prep and Prep applications. Call 6505 9790 or visit www.brightoncollege.sg to discover how 175 years of British heritage has made us a school of future shapers. Brighton College (Singapore). One of a Kind. legacy of forReinventedlearning.today. Brighton College (Singapore) Pte Ltd is registered by the Committee for Private Education (CPE), part of SkillsFuture (SFSG) Registration Number: 201904884D Period of Registration : 14 October 2019 to 13 October 2023
CONTENTS Editor:Co-Editor&Designer: Tel:137TelokAyerStreet,#06-03,+656222-3552Fax:+656222-3556www.britcham.org.sg NewsPresident'sMessageExecutiveDirector'sMessage SingaporeandtheUK–Analysingthe“CoronavirusCurrencies” Feature:Feature:Feature: Singapore–SiliconValleyoftheEast? MemberDiscounts @britchamsg@bccsingaporesentOrientisabi-monthlymagazinepublishedbyatowner’sriskandtheChamber+656718-0535
S$6.90211Issue2020February SCHOOLS•JEWELLERY&LINGERIE•ROOMSCHILDREN’S 031/02/2019(P)MCI SINGAPOREFEB 2020 Cool Kids’ Rooms Ideas AdventuresbyBoat&MalaysiaHotspots SwimmersBrunchReaders’Choice&Beyond Lingerie & FebCoverFinal.indd 2 14/1/20 2:22 PM subscribersfirst-timeFor Expat Living is a monthly edition available in print and digital format. Sold in major bookstores and newstands islandwide. *Free subscription is applicable only for first-time subscribers living in Singapore. expatliving.sg/britcham GET YOUR FREE SUBSCRIPTION TO EXPAT LIVING HERE! To claim your free subscription, scan the QR code or visit: Prefer the digital edition instead? Visit expatliving.sg/BC/digital
PRESIDENT: Technologies SECRETARY: TREASURER: Trade (Co-Chair), (Co-Chair) (Co-Chair) (Chairperson) , (Chairperson) DEVELOPMENT: SUSTAINABILITY: Executive: Executive: :
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Membership Benefits • Use of 4 tennis and squash courts • 3 swimming pools • A fully equipped gym • Workhub • Invites to member exclusive events and activities • The Hangout for teens • A supervised playroom for young children • Access to 4 restaurants and a pool bar • Enjoy reciprocal arrangements with over 80 clubs worldwide including The Tower Club, Laguna National Golf and Country Club and ONE 15 Marina in Singapore Call 6410 1100 or email membership@britishclub.org.sg to book a Club tour now! Above price inclusive of prevailing GST. Other terms and conditions apply. 73 Bukit Tinggi Road Singapore 289761 www.britishclub.org.sg $4,280MEMBERSHIPLIFETIME Published Fee: $6,955 OFBRITISHFOREXCLUSIVELYMEMBERSOFCHAMBERCOMMERCE
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Heritage. Sportsmanship. Camaraderie.
Established in 1852, the Singapore Cricket Club is the premier sports and lifestyle club housed in the heart of the city in a gazetted building framed by a breathtaking blend of historic and modern buildings, with the iconic Padang field at its doorstep. A magnet for Singapore’s sporting fraternity, the Club has 13 sports sections in cluding popular field and court sports, as well as indoor sports and games. Youth development programmes engage the young, while the Club’s four marquee tour naments attract reputable teams from around the globe. The camaraderie built in sports extends to the Clubhouse where wining, dining and socializing facilities cater to a diverse and distinctive community of members. The Club is reputed for its fine dining and local fare options, topped with impeccable and personalised service. All this in venues that have been refurbished with great care to retain its architectural splendour dating back to the colonial era. The Clubhouse’s compact size is played to advantage, closely integrating its mem bers and allowing for social and business networking. We welcome you to be a part of this unique lifetsyle today. For enquires, please contact Membership at 6338 9271 or Connaught Drive, Singapore 179681. www.scc.org.sg
MembershipDept@scc.org.sg
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Singapore Cricket Club Established 1852 Bring your colleagues, bring your friends, bring your neighbour, bring your partner…. bring your dancing shoes! Back by popular demand, The Countdown Band, our sparkling pre-dinner reception, the Gurkha Pipes and Drums and a night of all things festive. “Amazingevent,cannotwaitfornextyear!” “Thebestballintown” Book your tables at bit.ly/GBB2020
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NEWS: planning.•youhavetravelledfromChinawithin•youhaveanysymptomssuchasaAsCOVID-19continuestoimpacttheAsweareallstilllearningaboutCOVID-19,Here'sthelatestadvice,supportandonCOVID-19foryourbusinessandemployees: GuidanceonStay-at-HomeNotice(SHN)Manpower disinfection FinanceFederation business-continuity-planning-for-2019-ncov_2ndNovelCoronavirus(2019-nCoV) Adviceand
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Expand your UK intobusinessSingapore with the Chamber’s Trade Services support •• Planning a trip to Singapore from the UK to review the market?Ourpartner British Airways are supporting British business by offering you a 10% discount on your airfare. Contact trade@britcham.org.sg for more details.
Trusted Professionals
The British Chamber of Commerce retains discretion on who can use these services 137 Telok Ayer Street, #06-03, Singapore million people and an average growth rate of 5.1%, South East Asia sits at the heart of Asia Pacific, and with trade links to all of the world's major economies, is projected to be the world's 4th largest market by 2030. South East Asian countries already account for more than £32 billion of trade with the UK, 2016 figures show. At this early stage of your journey in ASEAN, the Chamber can provide support through our Trade Services team, with market research, business matching, introductions and partner services readily available for British companies. Visit www.britcham.org.sg/trade-services-support if you are: interested in how the Chamber can help you to export interested in setting up a company in Singapore looking for capital funding looking for a local business partner interested in the open market opportunities searching for resources & links
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Our professionals are experienced, friendly, and ready to support you. Services to Suit Your Needs We provide a full suite of services to help you at every stage of your business. BespokeManagementEvent We can support your event needs including sourcingguests.appropriate Scan the QR code for more information:
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To qualify for our Trade Services support, your business must: Have an active UK trading address Be able to demonstrate that any support they receive from the Chamber would help them deliver economic benefit to the UK through this trading address This includes both UK-based businesses investing, or looking to invest overseas and foreign-owned businesses based in the UK. Non-profit organisations and charities also qualify.
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ANALYSINGTHE“CORONAVIRUSCURRENCIES” volatility.atthetimeChina’syuanwaspeggedtheHongKong’scurrencywaspeggedThewon’sperformanceinMay2015,andbymid-June2015The“USDollarIndex,”apopularnine-weekperiod.Atthetime,theEuroandmarket-drivenslowereconomicyuanmayhavealreadyenough,”andthatfuture “Coronavirus Currencies” weaknessaffectedbyCOVID-19(Coronavirusof2-4%butNatWest
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FEATURE: Investors,adivision MovingbacktotheUK
FEATURE: gains.doesn’tdoesn’tSingapore’shighestrateoftaxis22%.IthaveNationalInsurance.Ittaxforeignincomeordoesn’thaveInheritanceTax.Bycontrast,theUK’shighestrateoftaxisworld-widesourcesofincomesandItisimportanttoplanahead.Itisn’tallbesurprisedathowtax-efficienttheUKInmostcasestheansweris‘no’.Thatsaid,itisn’tuncommonforsomeonetoemployment–perhapsintheformofon-schedulevestingofdeferredpayment.encompassesaperiodofnon-UKcovenantsalso‘enjoy’differentrules. Arethereany ••Sellassetswhich•SellassetswhichTakeaccountoftreatmentofItmakessensetoprofitableassetsresident.AsSingapore
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FEATURE: efficient.thedealwithcross-borderissuesorHMRC’swebsiteisabrilliantsourceoftax-efficientproductionofdependsonindividuals’circumstances.first-classholistictax,www.selectinvestors.asia
FEATURE: (Gartner disengaged“85%ofemployeesintheirjob” .profitable.Sowhyisn’tengagementinHRleaderasastatedaim?It’sthisdoeshappen,perhapsit’sawillingnessto‘sticktothenorm’andchallenges.Whydon’tbusinessesseeAgeagainst“bringingaDucatitoadragraceanoxcart” transformedwithDucati-likeLet’stakealookattheOxcartversusOxcart:Ducati: check-inManager’srolewhenever Ducati:Oxcart: Engagement Programme
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FEATURE: in/andydavieshr/stayrelevantwithintheever-changingPeopleFirstisthemosthuman-centricofthefuture–today.Thesoftware •••don’toverwhelmemployeeswithtotalktoeachother–thatwillonlyaren’tpreparedworkforce,ask this“WhatamIgoingamoreengaged company?Canweaccesswhat’sbeingsaid?Ifthere’sabreachofdatainthis
FEATURE: SINGAPORE Singapore–focusingcompanies’Singaporeiswell-placed
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FEATURE: SINGAPORE Collaboration2.Re-imaginingRTGS4.Cross-borderPaymentversusHashstacsSingapore-basedblockchainEarlierintheyearHashstacs’liveclient(MAS),thecity-state'sdefactocentral(SGX)andstate-ownedonend-to-enddigitalisationlong-standingnon-EUmarkets RussellToophasover20years’
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April: Hotels & Travel June: The SingaporeGreatSale August: &EntertainmentEvents October: Guide SchoolsInternationalto 2020 ADVERTORIAL FEATURES Include your company in a special paid advertorial segment. In each issue of 2020, we plan to provide a platform for companies to showcase their products and services in a special segment. Subject to change, the planned topics are as follows: To participate in these seasonal features, please contact us at advertising@britcham.org.sg
