EVENT BusiNEss EXTRA
Transcription
EVENT BusiNEss EXTRA
ADB ‘Nieuwjaarborrel’ Business Interview with Marc van Loo EXTRA Interview with Arnout Mostert www.adb.org.sg MITA 373/03/2001 EVENT Feb/Mar 2014 Association of Dutch Businesspeople in Singapore PROLOGUE Board Members Mark Leenders President Market Director South East Asia, Greater China and Korea Nespresso Marleen Dieleman Vice President Visiting fellow NUS Business School Kuan Yoe The Honorary Secretary Business Development Manager Intertrust Singapore Martijn Schouten Honorary Treasurer Business Development Manager Vopak Frank Kuijsters Member / Chief Editor Director Digne Consult Asia Pacific Nico Derksen Member Director International Tax Management Jan Benes Member Business Development Director Philips Healthcare APAC Nynke Kinderman Member Market Development & Innovation Exploring opportunities Ay Wen Lie Member Senior Manager Transaction Services PricewaterhouseCoopers Secretariat Happy New Year to you all! I did a quick search to see how long you can safely wish people a Happy New Year without making a bit of a fool of yourself. The Great Etiquette Book by Beatrijs Ritsema says, “As long as you want”. Wikepedia says, “As long as you see people for the first time in January, but not after mid-January”. There is no one-size-fits-all answer. Luckily we have the Lunar New Year coming up soon… ADB members had the opportunity to exchange best wishes and resolutions with each other and members of DutchCham during the ‘Nieuwjaars’ reception at the residence of the Dutch Ambassador where Jacques and Soraya Werner welcomed us on January 9th. As part of a new set up this year we had to unfortunately disappoint a few members and partners since the ceiling was reached rather fast with members of both Dutch associations participating. We were pleasantly surprised with a spontaneous visit from the Minister of Finance of the Netherlands, Mr. Jeroen Dijsselbloem, who was on a short Asian tour in his function as President of the Eurogroup. It was the first time in years that I have heard some positive news on the Dutch economy going ahead … Let’s wait and see. It would indeed be fantastic news. Looking forward to the year ahead, I am pleased to announce the Entrepreneurship Panel will take place February 13 at the Hollandse Club in collaboration with DutchCham. The event starts at 7.30pm with drinks and snacks. ADB is also preparing a company visit to Danone, most probably on March 4 with limited space, so registration will be on a first come, first served basis once the invitation has been sent out. On March 17, the Annual General Meeting will be held at the Hollandse Club. This year we will finish the evening with a lecture from Ambassador Jacques Werner where he will share his impressions of the first months of living and working in Singapore. I sincerely hope to see many of you again during our forthcoming events and I wish you Gong Xi Fa Cai! Zsuzsika Oostinjen - Belovics Owner / Freelance Consultant I Interim - Marketing, Communication & Projects “The ADB provides opportunities for Dutch business people to meet, interact and share knowledge by means of company visits, lectures, networking events and membership communications.” Mark Leenders PS: May I kindly remind you to pay your contribution 2014 via Paypal, cheque etc. Thank you. 1 Contents Vol. 24 / No. 1 / Feb-Mar 2014 Prologue 1 By Mark Leenders, ADB President Events 3 ADB ‘Eindejaarsborrel’ 4 Nieuwjaarborrel Business 6 Interview with Marc van Loo, CEO LooLa Adventure Group Extra 10 Interview with Arnout Mostert 12 Review year of the Snake 14 Interview with Claudia Artz 17 English and Dinglish Bizz News 18 Dutch business news Singapore 20 Renting a house or apartment in Singapore 22 Second cruise terminal significant for Singapore and ASEAN travel Know Your Tax 24 Counting the days! Not to miss 26 Things to do in Singapore Column 27 Being hospitalized in Singapore Embassy News 28 Latest news by the Dutch Embassy ADB News 29 Announcements, member info and more P4 P6 P10 On Thursday 9 January 2014, 200 ADB and DutchCham members were warmly welcomed by the Dutch Ambassador Jacques Werner and his wife Soraya Werner at their residence. The pictures on page 4 and 5 show a great start of 2014 where resolutions were exchanged. Marc van Loo is the owner of a small resort in Bintan, built with money he made as a part-time teacher in Singapore 20 years ago. His resort opened 13 years ago, and in 2012 he won Asia’s Best Eco Resort award. Read more about the person behind the story and LooLa. At the Dinner and Dance in November a generous donation was collected for the typhoon victims in the Philippines. Many ADB members personally went there to help out! The initiator of the relief effort was Arnout Mostert. In this interview he shares his experience. 2 Events ADB ‘Eindejaarsborrel’ By Frank Kuijsters Photos Nico Derksen & Frank Kuijsters On Thursday 19 December the ADB End Year’s borrel was held at the Hollandse club. More than 80 members, enjoyed a great networking evening till midnight! We also had a special guest: Kristel Zweers the Dutch stand-up comedian did a special act for our members. Standing on one of the tables she entertained us with parts of her show. Unfortunately for a few of our members it was their last ADB event before their return home or move to another destination. Luckily many new members were able to join and meet their country (wo)men in Singapore. We thank Heineken for their kind support for donating Heineken & Tiger kegs! Annabelle Deken, Sunita Derksen, Leon Janmaat, Mark Leenders Marleen Dieleman welcoming all the members to the ADB Eindejaarsborrel Marianne Doele, Kees and Maja Duyverman Sunita Derksen, Kuan Yoe The The new members; Robin Musch, Maja Cadra, Tim Bijsterveldt, Evy Theunis, Rene Koopman Lineke van Nederpelt, Frank Kuijsters Bjorn Sprengers, Rogier Peters, Marieke van der Heijden, Bobby Johnson, Bert Stegink 3 Events Nieuwjaarborrel By Frank Kuijsters Photos Dutchcham Kuan Yoe The, Ambassador Jacques Werner On Thursday 9 January 2014, 200 ADB and DutchCham members were warmly welcomed by the Dutch Ambassador Jacques Werner and his wife Soraya Werner at their residence. The pictures show a great start of 2014 where resolutions were exchanged. After the welcome speech by Jacques Werner we had a surprise new year’s greeting from a special guest, Mr Jeroen Dijsselbloem, Minister of Finance of the Netherlands, who was visiting Jacques Werner, Mark Leenders, Jeroen Reiniers 4 Singapore. Jeroen Reiniers from DutchCham and our president Mark Leenders both spoke some words to the audience. Mark looked back on 2013 which showed a steady growth for the ADB thanks to a year of great events going from company visits to panels, a Summer BBQ and the popular Dinner & Dance at Alkaff Mansion. We sincerely thank the Embassy, Vopak and Randstad for their generous sponsoring of a great evening. Events Lineke van Nederpelt, Hans Kunen, Floor Timmons Peter-Paul Nijsten, Ian ter Haar Wietske Helle, Sylvia van Es Marleen Dieleman, Soraya Werner Mr. Jeroen Dijsselbloem Luc Dings, Iwan Marks, Wendy Annabelle Deken, Maria van der Burgt Arjen Blom Cor Tjalsma Mirjam Bout, Julie Beusmans, Steef Janssen 5 Business Interview with Marc van Loo, CEO LooLa Adventure Group By Richard Soemita Photos Marc van Loo He is the owner of a small resort in Bintan, built with money he made as a part-time teacher in Singapore 20 years ago. His resort employs only local people who, when opening the resort 13 years ago, had no education beyond primary school and spoke no English. Many predicted this was a business idea doomed to fail. But this successful resort won the 2012 Asia’s Best Eco Resort award and was recognized as one of the world’s best three places for community tourism in 2013. Popular acclaim is coming in too: Loola is the favorite overseas location for Singapore-based schools; is a 2013 Tripadvisor winner and, thanks to jubilant responses from guests, was voted one of Bintan’s top 3 resorts. The person behind the story In 1989 I back-packed through Asia, and fell in love with West Sumatra (still one of my most favorite places on the planet), and decided that one day I would start a resort there. Back in Amsterdam, I arranged for a scholarship at the National University of Singapore (NUS) to finish my PhD. While stydying at NUS, I met my life partner, Isabelle, and it was she who suggested building the resort in Bintan instead of West Sumatra. I bought the LooLa land in 1997, during the Asian financial crisis and we finished building the resort in 2000, the month our first son, Igor, was born. The local staff 6 suggested the name LooLa as it is the name of a local shell and is a combination of our surnames, van LOO and LAcoste. We now have three lively sons, aged 8, 11, and 13, all at the German European School. A few years ago, when our staff was growing (now 50 in total, with 5 in Singapore, 45 in Indonesia) I decided to concentrate full-time on developing the business. What is your role in the Company? My role is strategic decision-maker and overall quality controller. It is my goal to make my company, which has a Singaporean and an Indonesian leg, into two completely independent units that will only need me for major new investment decisions. We received our international eco awards based on the fact that in both countries we work with local staff, so we’re making progress, but there is still a way to go! How important is Asia & Singapore for the company? Because I live in Singapore, the business is based here, and I have done everything possible to give it local roots. Singapore is particularly attractive for an eco-tourism outfit like ours, because there is an affluent audience here who are prepared to pay, while operational costs are manageable in the neighboring countries. Moreover, Singapore society is opening up to the concept of eco-tourism and we have built up a distinct first-mover advantage in this area. How does LooLa distinguish itself from its competitors? We focus on sustainable business operations because we want to be around many years from now, and we want to play our part to ensure there is still a planet to enjoy for the next generation. I believe tourism has an important role to play in the area of sustainability and it is the moral duty of business owners to do what they can. Modesty aside, LooLa is the best place in the region for school groups, with an unsurpassed activity program which involves sailing, kayaking, dragon kayaking, boat and boomnet expeditions, wall and tree climbing, a skywalk and a flying fox, hill treks, archery, rafting, marine-seaflat walks, nature and kampong treks etc. Furthermore, we offer a diverse community involvement program where guests work with local schools, orphanages and communities to build roads, upgrade schools and other community buildings, build waste water systems, do sports, arts and cultural exchanges etc. We’re probably the only larger resort in this neighborhood that is fully run by local people, so our guests enjoy that distinct and authentic Indonesian hospitality. All of this fits well into our eco and family friendly profile, and as a result we get many enquiries from families who want to see the real Indonesia. It is great to see that the three operators in Bintan who care most about eco issues are also the ones who top Bintan’s Tripadvisor listings. This shows that eco-tourism is indeed the way of the future, and that eco-operators can truly influence the market. I, for one, would love to see other resorts taking up our ideas for community project tourism: many guests are interested therefore the only thing operators have to do is make such opportunities available, which is a win-win for everyone. What is the difference between being a manager in Singapore versus previous locations? Running LooLa has been my first management experience. Before that all I had to manage was mathematical equations and concepts! Nonetheless, having been in a very international environment and dealing with a very international clientele, a number of things stand out. I enjoy doing business in Indonesia because, apart from the Scandinavian countries and the Netherlands, it’s the only country in the world that truly believes in win-win solutions. The polder-model is alive and well, and every problem, no matter how hard, can be solved efficiently and joyfully by sitting around the table and talking. From time to time some patience is needed, but having worked with many foreign contractors over the years, I can honestly say that the Indonesians on the whole are just as fast, if not faster, than anyone else; you just need to know how to start a conversation and which buttons to press, which is the same the world over. Doing business in Singapore is more challenging because SME’s are struggling to find quality staff and because Singaporeans are still adapting to the idea Business that taking the initiative and learning from mistakes is a good thing. A large amount of a manager’s time is spent training staff on this. But then again, Dutch people are quite happy to take the initiative and ownership, but the problem is that they are sometimes dead wrong – but will automatically assume that everyone else is wrong. And that takes equally as long – and usually more money – to fix! Generally, Asians are not set in their ways and are always ready to consider change. Managers should be prepared to train and coach their employees well (and be very good listeners!), and expect to spend far more time on this aspect of the job than elsewhere. What is the best place that you have lived in so far? I’ve only lived in Holland and Singapore and I love both. I guess if Amsterdam was located in the tropics, I would still be there but given that the weather in Holland sucks, Singapore is the favorite. Would you make Singapore your permanent home? Well, we’ve been here 23 years and we are not in any hurry to leave. We’ve just returned from a breathtaking holiday in Nepal and I love Indonesia to bits, but you are always reminded after these holidays that, for everyday living, Singapore is hard to beat. If we were to stay in Asia, I guess the only town that would be even more enjoyable is George Town, Malaysia. How do you spend your weekends? I spend most of it with the family. Together with my wife, we watch our boys play soccer and rugby, and I am an avid climber and haul my eldest son along. He overtook me in climbing at the age of 11, so I’m trying to keep up with him now. We also like to take the whole family out to Sentosa and lounge at the beach, and I’m trying hard – with very little success so far – to get my boys to love cycling and explore the great jungle trails here. About the Company There are two companies: the Singapore-based “sales arm” the LooLa Adventure Group Pte Ltd, and the Indonesian company LooLa Adventure resort. Many people long believed that LooLa was only meant for school groups, but that is changing. LooLa boasts, without a doubt, the richest activity program in the region (as mentioned above) and increasingly, attracts families looking for a more active, authentic holiday experience. We are just an easy ferry ride to Tanjung Pinang followed by an entertaining 45 minute drive through the countryside. Fully in line with our ambitious ideas on sustainability, we are now building two luxury eco villas, which will get their water supply from rainwater and their air-conditioning and electricity directly from solar power via a pioneering engineering solution devised by another Dutchman. The first villa should be ready in March 2014, and the second in June. With these villas, LooLa hopes to demonstrate that it is possible to make beautiful and affordable homes in the tropics with a very small ecological footprint, and inspire others in Asia to follow suit. 8 Bottom line: 1We are connected! ING Bank has been, and will continue to be, one of the few European banks with a large Asian network covering 14 markets. The strength of our international network is what connects us. We work together to serve international clients in this region and Asian corporations that want to expand their operations in other parts of the world. We connect. www.ingcommercialbanking.com Extra Interview with Arnout Mostert on his relief efforts after the typhoon “Haiyan” in the Philippines By Arthur Claringbould Photos Arnout Mostert Those of you who joined the Dinner and Dance in November will remember the generous donation that was collected for the typhoon victims in the Philippines. And many personally went there to help out! The initiator of the relief effort was Arnout Mostert and in this interview he shares his experience. “So how do you help out if you travel to an area that is close but not necessarily familiar?” Actually the concept is surprisingly simple: one helps with the last few miles. When a disaster like a typhoon or a Tsunami strikes, damage in the hit zone is tremendous. However, only a few miles out of the disaster zone, life continues almost as normal. So Arnout and many other volunteers rented pick-up trucks and transported goods from the unaffected zones to the disaster area. In the first days this was mainly food and water, but later this included materials to repair schools, houses and boats. How come you started all this? For Arnout it was a no brainer. Something terrible happens ‘on your doorstep’ so you go and help out? By the end of the interview it was clear, that for Arnout, if you are an entrepreneur and have a heart, you just go! Arnout booked a ticket to Cebu and established some very valuable contacts there. He found the contact through an article in “de Volkskrant”. In Cebu, the airport of Ilo Ilo was not affected and was operating as normal. Ilo Ilo is on 10 the Panay island where many parts had been badly hit. The first task for Arnout and his team was to rent some pickups and go to the local supermarket to get a load of basic foods. Among the loads were also lollipops as the affected children also need some diversion and attention. As an outsider I was curious to understand why locals do not initiate similar ‘last miles’ actions. The reason is simple: people simply do not have the money to spare after a few days of no income. In the words of Arnout, “You give back dignity to people. As soon as the trucks arrive everyone joins in enthusiastically to help. Another basic of the help is that you never bring more than necessary. You just bring enough to help the locals get back on track.” Thanks to the contact in Cebu, the local police was also aware of the relief actions and proved very helpful, making sure that the distribution of food worked in an orderly fashion. At some point it was necessary to repack goods, a task very efficiently coordinated by the local police! As soon as possible the volunteers started bringing out materials to repair damage to buildings. Many schools were affected, houses needed to be repaired (literally many people were left ‘roofless’) and boats needed mending to make sure people could go out fishing again. In order to prevent misuse anyone who received repair materials would have to sign a contract, saying that within a certain timeframe the repair work would be finished. At first this forcing people to sign for the work and materials felt a little strict from our Western perspective. However Extra this seems to be customary in the region. Sometime after dropping off the materials, the team would go back to see if the repair work had actually been carried out. The team was rarely disappointed! The affected schools not only needed buildings, but also basic materials such as notebooks and pens. Just to get a feel for the devastating impact of the typhoon, one of the elementary schools with 1200 students was totally ruined and was closed at the time the team arrived. In the interview Arnout stressed that the effort was a team effort and many people did more than he himself. The volunteers mostly worked in teams of 4. At some times the volunteer group was quite big, requiring coordination. Therefore at the end of 16 plus working hours, the group would convene to discuss the next steps and who would go where the following day. One of the outcomes of these team meetings was to focus on a limited geographical area and not to spread out to far from each other, making sure it was a real, concentrated project. Just to give you an idea on the size of the project: • around 60 volunteers joined • they worked a total of more than 500 man days • thanks to many ADB members and other sponsors, a total of $270.000,- USD has been distributed in relief help. All volunteers paid for their own airfare, booked a hotel and made sure that all donated money went straight into the relief effort. As you can imagine most volunteers needed information on where and when to go. Very soon Marc Leenders stepped in to help coordinate the Singapore side of things, making sure that not too much time was spent on coordination instead of actually helping relief needs. So what makes an initiative like this different from what the big relief and government organizations were doing? To begin with, the big organizations were obliged to start with an inventory of where and what help was needed. Also they usually have to transport the donated goods from further afield. This meant the actual help started flowing in slower than in this project. And there was so much to be done at such short notice that you did not easily step on each other’s toes. When asked to compare this action in the Philippines to his action in Thailand, Arnout says that this action became much bigger than the previous one. The advantage, of course, is that you can help many more people; at the same time there is more time needed for coordination and making sure the money is all accounted for. At the end of January the project will be closed, the remaining funds will be donated to a relief organization called Let’s Care (http://letscare.net), run by a Dutch lady who lives in Panay with the same philosophy on just providing basic materials and making sure people can start their lives again. Reading back through the emails that Arnout sent out to many donors and contacts, it is impressive to see how much work was done in a few weeks time, with enormous compassion. In Panay, the team of volunteers has been able to make a real difference in the lives of the people most affected by “Haiyan”. Overview of the shopping list from one of the mails from Arnout. PS: For those of you who want to know what $1,700 buys in the Black & White supermarket in Roxas, here goes: (This feeds and cares for 250/300 families for 3 days) • • • • • • • • • • 500 kilo rice 800 units sardines 60 packs sky flakes 30 chocolate sky flakes 24 packs kopiko candy 60 packs lollipops 288 feminine napkins 480 packs baby milk 432 Nescafé 1 in 3 200 miswa noodles • • • • • • • • • • 162 soap bars 144 vinegar sachets 180 packs detergent 50 packs candles 144 cans tuna 420 shampoo sachets 216 toothpaste small 250 toothbrush 120 matches 144 pancit canton noodles • • • • • • • • • • 48 packs of sugar 250 gram 152 medium diapers 144 XL diapers 160 small diapers 112 large diapers 200 strips loperamide 100 strips hydrite granules 46 bottles multivitamins children 120 ml 50 bottles androxol cough medicine 60 ml 30 bottles calpol fever relief 60 ml 11 Extra Review Year of the Snake Connecting the dots between the 21 biggest things that happened in the year of the snake. By Frank Kuijsters We had an absolute highlight at the end of January when Queen Beatrix and the Royal Highnesses, the Prince of Orange and Princess Máxima of The Netherlands visited Singapore upon the invitation of President Dr Tony Tan. Many of us had the pleasure and honor of meeting the Royal family and members of the Dutch government. Some ADB board members had the opportunity to explain the objectives of the organization and its activities to Her Royal Highness, Princess Máxima. The Population white paper proposal was published in February that aims to increase the city’s population to 6.9 million by 2030. Citizens are concerned about their quality of life and the rifts between the rich and the poor. On March 18th, ADB held its Annual General Meeting at the Hollandse Club. The meeting was preceded with a tradition-in-the-making: a famous Dutch meal called ‘zuurkool met worst’. This ‘stamppot’ laid a good foundation for the meeting later on where some 39 ADB members were present for dinner and stayed to listen to an excerpt of the Annual Report 2012 (see the former ADB Magazine) and an explanation of the figures for 2012 and the budget for 2013. On 15 April 2013, fifty members attended an intimate and exclusive event at the Singapore Chinese Orchestra. How does one run a not-forprofit organization as a business and what are the roles and responsibilities of the Board of Directors? After the theoretical introduction, Maestro Tsung Yeh, the Music Director, and Mr Quek Ling Kiong, the Resident Conductor, explained the instruments and Chinese classical music. This was followed by a performance by the SCO Ensemble. It was a truly local and cultural event appreciated by all. In November was our yearly Diner & Dance, this year at Alkaff Mansion Ristorante. 186 ADB-members and partners enjoyed a sumptuous dinner, partying in a beautiful and romantic setting, dancing the night away. During the evening $ 6,660.00 was collected for the Netherlands Charity Association and for project Panay in the Philippines (read more about it in this magazine). Riots in Little India, the country’s first since 1969, involving 400 foreign workers who overturned police vehicles and set fire to an ambulance. Twenty-four individuals have been charged in court. The new Marina Coastal Expressway (MCE) that opened in December is Singapore’s first under the sea road. 12 Legal action was taken against blogger Alex Auin in October for allegedly accusing the Supreme Court of deliberately manipulating hearing dates in his blog yawningbread.com. The URA Draft Master plan launched in November which outlines the government plans to make Singapore a better city through more homes, de-centralisation of business districts, new eco-spaces and a better transport system. The fifth F1 Night Race, which featured top acts like The Killers and Rihanna rocking the crowd and one of the most exciting races yet in its history. The season has been so successful that Singapore has signed on for another five years. The Singapore Biennale returned in October after a two-year hiatus with a stronger line-up of shows than ever before, while arts enclave Gillman barracks welcomed the new art centre, Centre of Contemporary Art (CCA) in November. Extra In May 2013, we conducted the third ADB Member Survey. One of the board’s goals is to make the ADB as relevant as possible for you. Therefore, the purpose of the survey was to obtain feedback on your level of satisfaction with the ADB, to understand your likes and dislikes and to hear your opinions about and get your suggestions for the network. A lecture on Europe’s future by Professor Balkenende. Professor Balkenende gave a compelling and well founded vision of Europe including more specifically the role that the Netherlands should play post the 2008 crisis. He highlighted our capability for entrepreneurship, innovation and sustainability and managed to successfully capture and keep the attention of over 200 (!) ADB and Hollandse Club members. Panel discussion Doing Business in Myanmar. Myanmar is the new, hot destination for businesses. The country recently opened up and lacks everything we take for granted; from mobile phones to infrastructure, from good coffee to health systems. It can be a challenge finding your way in the bureaucratic, legal and political maze of this country. The panel shared insights on their experiences, including the many do’s and don’ts, while dealing with the many government institutions and local population. Haze in June brought Singapore to a standstill. For more than a week, the air smelt of smoke and recrimination. Everyone stayed indoors. Lineke van Nederpelt, stepped down after nine years of loyal service. The Board expressed its gratitude and admiration to Lineke who has performed so many and such varied functions over the years. We are also happy to announce that Zsuzsika Oostinjen– Belovics has taken over Lineke’s tasks. Pink Dot, its biggest incarnation yet in June. For the first time, a serving member of parliament (Vincent Wijesingha) announced he was gay. 21.000 supporters went to Hong Lim Park to dress in pink. A Dengue Outbreak happened in June, with 842 dengue cases reported in a single week and more than 13,000 infected by mid-July. Luckily no casualties were reported. Sungei Buloh Wetland Reserve, the nature park, known for its wide variety of bird species and other wildlife, is attracting more salt water crocodiles, with the latest appearances reported in August. Ambassador Johannes Jansing leaves Singapore. In his farewell interview with the ADB magazine his reaction to the question: “What can the Dutch learn from the Singaporeans and vice versa?” was, “Throughout my time as Ambassador to Singapore, I have seen a large number of missions from Singapore and the Netherlands, and vice versa. Both are global hubs, with strong knowledge economies, but our historical and cultural backgrounds are very different. This makes for a plethora of learning opportunities for both parties. Singapore’s unique position as a distinctive global city makes it a compelling example, while the Netherlands is consistently a leader in innovation. For years to come, the exchange of expertise between our two countries will be rich and varied.” The opening of Amazon River Quest Boat ride at the river safari park. The latest feature at the attraction is a bumpy ride that meanders through a 483 metre long manmade river from where you can occasionally spot swinging monkeys, birds and unfortunately not much else. 13 Extra Interview with Claudia Artz General Manager of World Press Photo Exhibition Singapore By Frank Kuijsters Photos World Press Photo You are the General Manager of World Press Photo Exhibition Singapore. Could you share with us how you got involved in World Press Photo? That’s a story of luck & coincidence. As an INSEAD partner from August 2011 through July 2012 with a Dutch civil service background, I was searching for a job for quite a while. During that time an INSEAD friend and partner was trying to organize World Press Photo in Singapore. She had a friend who was working for the Foundation in Amsterdam, but she had only been here in Singapore for one year and so was unable to pull it off. The bottlenecks for her were the venue and fundraising. Both searches take quite some time to secure and you need to have a strong network. And with all the fantastic activities going on in the INSEAD bubble, I can understand why she couldn’t pull it off. Just before she left, she asked me to take it over. Can you give us some background of The World Press Photo Foundation, when and why? World Press Photo was founded in 1955 in Amsterdam, The Netherlands. A bunch of Dutch photojournalists challenged a national competition the ‘Zilveren Camera’ by establishing the World Press Photo Contest. By exposing themselves to international competition, they aimed to advance their standards in photojournalism and documentary photography. Over the years World Press Photo’s mission has been enriched and has become stronger. Nowadays the Foundation’s mission is ‘to advance high standards in photojournalism and documentary photography and to generate a wide public interest in and appreciation for the work of photographers and for the free exchange of information’. Since its inception, the Foundation has not changed its main objectives but the contest has come a long way. In 1955 just 42 photographers from 11 countries submitted some 300 photos. Last year’s 56th contest received 103,481 images from 5,666 photographers from 124 countries! It took the 19 member jury two intense weeks of judging. What are the main changes you have seen over the past 57 years of World Press Photo? The award categories have changed along the way; more have been added. Nowadays there are nine award categories: Spot News, General News, Sports Action, Sports Feature, Contemporary Issues, Daily Life, Observed portraits, Staged Portraits and Nature. World Press Photo started off simply with (spot) news. Another change is the means through which the media present stories and images to the public, and with that, the style of visual journalism. The archive of winning images not only reflects half a century of history but also successive styles in photojournalism. 14 The World Press Foundation responded to the digital age by introducing the annual Multimedia Contest four years ago. This Multimedia Contest challenges the traditional news disciplines by pushing them to cooperate and anticipate the new technological possibilities and needs and create innovative and integrated multimedia. In this contest, a jury selects winning productions in three categories: Online Shorts, Online Features and Interactive Documentary. As General Manager World Press Photo what are your main responsibilities? Venue search, fundraising, stakeholder management, team management, and execution. Starting off by myself I had to set up everything (set up company, claim web-domain, create email accounts, bank account, website, business cards etc.) and think about my strategy (80-20 principle regarding fundraising and who and how to approach). That takes time. Along the way, I’ve realized that my civil service background and drive clings to me quite a bit. I like the part of reaching out to local and international press photographers and engaging in more in-depth programming, like we are doing with the Dutch School (HSL) and the Wee Kim Wee School of Communication and Information of Nanyang Technological University. The venue search took time. I had this very strong idea to host the exhibition outdoors at a highly accessible place, like UOB Plaza at the end of Boat Quay and Raffles Place. I wanted to make the exhibition highly accessible to everyone, and give the experience of coincidentally walking Extra Today, business knows no borders Our clients come from every corner of the globe. Different countries, different cultures. Just like us. We have more than 1,100 professionals in more than 20 countries worldwide. So we have the local knowledge and sensitivity to see things from your point of view. www.intertrustgroup.com 15 Extra Photo by Wei Seng Chen, Malaysia into an exhibition. It took me 4 months and 3 different channels to get a meeting with UOB and in the end they decided not to engage. The advantage was that my pitch had become better and the Raffles Hotel was happy to take up the hosting role. With the idea of localizing World Press Photo, the Raffles Hotel is a perfect fit. The fundraising part has been quite tough. We managed it in the end but it really took a lot of effort. The catalyst was the Board of Advisors in which Barbara Voskamp, Jaap Werner, Marcel van Doremaele and Mark Leenders have taken a seat. Their network has helped me to reach some interesting and supportive Singaporean individuals. Overall, I’ve learned that an exhibition in Singapore is not sexy and appealing. Perhaps it’s too traditional. Besides that, the images of World Press Photo can be quite in your face – which is not appreciated by Asian corporates that worry about their corporate image instead of stimulating culture. Even the National Arts Council, Singapore Tourism Board (the latter having an art and culture department) and Asia Europe Foundation have not been supportive whereas I assumed they would be interested in helping me get World Press Photo moving. That reality was quite disappointing – and a mistake I won’t make again particularly because I spent a significant amount of time on the applications, time I might better have spent on meeting twenty companies. So a good lesson – also as a former civil servant, I can see now where the frustration companies feel regarding grants comes from……. I have had great luck that two current INSEAD partners – Katharina Holtslag and Candida Cereda – started helping me out in all kinds of activities. As an expat kid herself, Kat has quite some experience with international schools so she is fully into our collaboration with the Dutch School. Candy is an experienced Italian event manager so I don’t have to explain how perfect her fit is in dealing with all kinds of event planning matters, such as the design and production of collaterals, venue and media management. My team and I basically take over the exhibition from the moment the four crates arrive at Changi Airport. From there we ensure a successful exhibition. World Press Photo Foundation works like a franchise, but as a not-for-profit 16 one: there are no high costs involved except for rental of the exhibition of which part goes to the Amsterdam staff that consist of some thirty people. Why a World Press Photo exhibition in Singapore? The better question is: why not? Often being described as the ‘Oscars of photojournalism’, the World Press Photo contest creates a bridging link between professionals and the general public. The exhibited images are inspiring, powerful, educational, often moving and widely talked about. The exhibition is not only a showcase of the images and their makers but it also offers the opportunity to learn more about the background of the images and photographers. To this end, a free exhibition app has been developed which guides the public through the exhibition, whilst giving additional information about the story behind the photos and those who shot them. Where and when will the exhibition take place? The exhibition will take place at the Raffles Hotel, on the side of North Bridge Road, from 8 through 30 March. It is held outdoors so you can easily drop in, planned or unplanned. The exhibition is free of charge and open from sunrise until 10 PM when lights go out. Where else does the exhibition go? Singapore is unique: it’s the last city where you can view the 2013 collection as its journey across the globe ends 31 March 2014. Over the past year it has been exhibited in nearly 100 cities across 45 countries. Next year will you be responsible for the World Press Photo Exhibition Singapore? If this exhibition is successful and our sponsors are happy, we will definitely aim to host the 57th exhibition. To any reader: please feel free to reach out if you’re motivated to support the exhibition! [email protected] For more information please visit: www. worldpressphoto.asia and www.worldpressphoto.org We hope to welcome you at the exhibition! Extra English and Dinglish By Jacinta Noonan It has come to my attention that there is some confusion about how to spell words like Spend and Spent. The reason that these irregular English verbs are especially tricky for the Dutch is because you have a spelling rule that my Dutch grammar books tells me goes something like this ……. Regelmatige werkwoorden in de voltooid tegenvoordige tijd….. and the rule has something to do with the last letter of the stem and so on and so on. And it would appear that this rule has something to do with regular verbs, whereas the problem you have with English spelling is only when we are dealing with irregular verbs. So what advice can I offer you? Well, most importantly when you are feeling unsure, you must NOT try to apply Dutch logic to English spelling. This is what trips you up. Remind yourself that these are irregular verbs and there is no rhyme or reason why we spell them the way we do. As I used to tell my students, you just have to learn them! Let’s have a look at some examples. I spend most of my salary every month on new shoes. The word spend in this sentence is in the present simple form, the verb is irregular. Don’t even go into an internal discussion with yourself about whether it should be t or d on the end of the word as there is a 50% chance you will spell it incorrectly. This is Dutch logic for the Dutch language and does not apply to English. Let’s now look at what happened last month with my shoe buying obsession. Last month I spent so much money on shoes that my bank account is now in the red. The best tip I can suggest is to train yourself to remember …….. spend for the present, spent for the past. Remember, there is NO logic a lot of times when it comes to English spelling. Here are some other similar words for you to learn. Present tense Build Lend Bend Send Past tense built lent bent sent 17 Bizz News Household assets shrink as house prices fall Dutch household assets shrank 10% to an average of €27,000 between January 2011 and January 2012, the national statistics office CBS said. In 2008, before the crisis began, average household assets totalled €47,000. The drop is largely due to the fall in house prices. Some 57% of Dutch households own their own home, the CBS said. Shell issues profit warning, blames weak conditions, exploration costs Oil giant Shell warned its fourth-quarter earnings will be ‘significantly lower’ than last year. The announcement, two weeks before the company is due to publish its Q4 figures, surprised analysts and sent the company’s share price down sharply on the Amsterdam stock exchange. In a statement, Shell said its fourth quarter earnings on a current cost of supplies are expected to be approximately $2.9 bn. In 2012, the company booked profits of $5.6bn in the fourth quarter. Over 2013 as a whole, like-for-like earnings are likely to reach $19.5bn, compared with $25.3bn in 2012. Shell said it has been hit by ‘weak industry conditions in downstream oil products, higher exploration expenses and lower upstream volumes.’ Chief executive Ben van Beurden, who took over at the beginning of this year said, “Our 2013 performance was not what I expect from Shell.” New investment fund launched to raise cash for Dutch firms The three biggest Dutch banks and asset manager Robeco are hoping to raise €1bn from a new investment fund to support small and mediumsized Dutch firms. The fund is targeting pension funds and insurance companies and will invest in companies with a minimum turnover of at least €25m. Tougher capital requirements mean banks are now more reluctant to invest in companies, leading to fears that economic recovery is being hampered. Firms will be able to apply for investments of between €5m and €25m – a sum which will be matched by either Rabobank, ING or ABN Amro. In order to spread the risk further, the fund will invest in some 80 different companies. Backers of the NL Ondernemingsfonds, which was launched, are now trying to convince pension funds and insurers to come up with the start capital. Robeco’s Erik van Leeuwen told the FD the fund already has sufficient ‘soft commitments’. The Netherlands leads the world in affordable, available food: Oxfam The Netherlands is the best country in the world for having the most plentiful, nutritious, healthy and affordable diet, according to a new ranking by international aid group Oxfam. The Netherlands beats France and Switzerland into second place. Chad is last in 125th spot behind Ethiopia and Angola. European countries occupy the entire top 20 bar one – Australia ties in 8th place – while the US, Japan, New Zealand, Brazil and Canada all fall outside. African countries occupy all the bottom 30 places in the table except for four – Laos, Bangladesh, Pakistan and India. The Good Enough to Eat index compares 125 countries and looks at challenges people face in obtaining food, the quality and price of food and the impact on health. The Netherlands scores so well because food is relatively cheap, varied and good quality. But almost one in five Dutch residents is overweight, the research points out. Ahold sales drop in important Christmas quarter Supermarket group Ahold booked turnover of €7.5bn in the fourth quarter of 2013, down 1.1% excluding the effect of the high euro exchange rate against the dollar. For the full year 2013, consolidated net sales reached €32.6bn, an increase of 2% at constant exchange rates. At current exchange rates net sales were down 0.2%, the company said in a trading update. In the Netherlands, market conditions remained ‘challenging’, Ahold said and sales growth of 0.7% was mainly driven by the strong performance of its online businesses, both at albert.nl and bol.com. Franchises Meanwhile, franchisees who run Ahold’s Albert Heijn supermarkets have decided not to pay all their bills to the parent company because of a dispute over extra charges. The franchise-holders say they are required to settle bills with Albert Heijn within 10 days of delivery but that the supermarket chain does not pay its suppliers for between 60 and 120 days. Some 250 out of around 850 Albert Heijn stores are currently run on a franchise basis. 18 Bizz News Discount supermarkets, fast food chains benefit from the crisis Discount groups such as supermarket Lidl, fast food company McDonalds and the Van der Valk restaurant chain are benefiting from the economic crisis, according to research by the Dutch food services institute FSIN. They have managed to increase their turnover by up to 22% over the past five years, FSIN says. Coffee houses and the V&D department store restaurant concept are also doing well, the research institute says. Cafes were hardest hit, with a 22% decline in turnover, while specialist food shops like butchers and greengrocers saw sales down 13%. Snackbars and company canteen turnover also fell by 16%. The figures will be published at the Horecava hospitality industry trade fair in Amsterdam’s Rai. Eating out Meanwhile, FSIN director Jan-Willem Grievink told the Telegraaf cafes and restaurants in the Netherlands are the most expensive in western Europe. ‘Despite the introduction of cheaper menus, eating out is still 20% more expensive in the Netherlands than in Belgium or Germany,’ he said. The difference in prices as compared with supermarkets is also too big, making it much cheaper to eat at home. ‘Shopping for food is cheap in the Netherlands,’ Grievink told the Telegraaf. ‘If you want cheaper food, go to Spain or Poland. Daily groceries are even a little more expensive in Greece.’ In addition, the Dutch have cheap tastes compared to other countries. ‘We like traditional Dutch food. The Netherlands is a country of smoked sausage, fried eggs and ham, liver sausage on bread and mashed potato-based dishes,’ he is quoted as saying. ‘We eat cheap products. A German buys ham from Schwarzwald, which is more expensive. We are more easily satisfied on quality. That is deeply ingrained in our culture. But we are slowly coming to realise delicious things cost more.’ Dutch farm exports reach a record ABN Amro CEO in drag entertains staff as brothel-owning sister Dutch farm exports reached a record €79m last year, a rise of 5% on 2013, says junior economic affairs minister Sharon Dijksma. She made the comments in Berlin where she was attending the agricultural trade fair, Grüne Woche. Most Dutch exports go to other EU countries with 30% heading for Germany. The Netherlands is second only to the US in terms of agricultural exports and that is something which should be cherished, she said. At the end of last year, it emerged the Netherlands had overtaken Mexico to become the world’s biggest exporter of tomatoes. Average retirement age rises to almost 64 The average retirement age rose again to 63.9 years in 2013, an increase of 0.3 percentage point on 2012, the national statistics office CBS said. Nevertheless, over half of the working population still stop working before they turn 65, the CBS figures show. The state pension age is currently 65 and two months and is rising to 67 over the next few years. In 2006, the average retirement age was 61 but has been rising steadily since then. Just 6% of workers now retire before they reach the age of 60. vanaf € 24,*- per dag Autohuur tarieven all-in ABN Amro chief executive Gerrit Zalm entertained staff at the bank’s traditional New Year cabaret by appearing in drag as his ‘sister’. Rather than the usual speech about market conditions, ‘Priscilla Zalm’ outlined how she advised her brother to lead the bank. Priscilla claimed to have run a brothel for years. “Had the bank not learned to make the customer all important?”, she asked, pointing out that she had never done it differently. “We embrace the client, we look for a connection with him and we are happy to see him come back,” quotes Priscilla as saying. Nor did she have any trouble attracting outstanding female personnel, Zalm said. ‘Women on top, that is our motto.’ Car rental made personal • Laagste eigen risico • Geen extra verzekeringen bij aankomst • No nonsense voorwaarden www.bblcarrental.com *28+ DAGEN TARIEF CATEGORIE A, EXCL. SCHIPHOLFEE bb&l_2014_ad_194x61_DEF.indd 2 Car rental made personal 1/2/14 12:40 PM 19 Singapore Renting a house or apartment in Singapore By Hester Calkhoven Photos Hester Calkhoven Singapore has a large rental market due to the number of expats coming and going all the time. To be certain that you find the place that is right for YOU, and not just convenient and profitable for the estate agent, it is important to select a specialized expat real estate firm that has a deep understanding of the market, spends time and effort to understand your requirements, and offers a wide range of services. Ideally, your agent will be familiar with expat life in Singapore and will advise you on where to find schools, public transport, supermarkets, etc. Once you have selected the property you wish to rent, you will need to follow a process of negotiation and documentation to secure the property. Agreement on Terms and Conditions To save time and avoid possible misunderstandings later, it is important to agree upon the most important terms and conditions to be included in the rental agreement before putting anything in writing. Landlords can often be reluctant to change terms once they have been included in a Letter of Intent (see below), so this is the time to negotiate and be explicit about what you want and are prepared to agree to. A good real estate agent is essential here as they have extensive experience in documenting terms and conditions that you may not have considered, such as provision of hot water in the kitchen, which is not standard in Singapore! Before you start negotiating, make sure you agree on basic terms such as length of the lease and rent, and then prepare a checklist of anything that you specifically require from the landlord, for example a new washing machine or re-varnishing of floors, etc. You should also be clear on and agree to your responsibilities for air-conditioning, pool and garden maintenance. Your real estate representative will be able to make suggestions and guide you through this process. 20 Letter of Intent Next, you need to prepare a Letter of Intent or LOL as it’s commonly referred to. A Letter of Intent is a formal letter presented by the tenant to the landlord, which contains the tenant’s offer to rent a residential property. If the landlord signs the Letter, this is taken as an official sign of acceptance of the tenant’s offer. The Letter of Intent should spell out the tenant’s intention to rent the property and the terms and conditions for both parties. As mentioned above, these should have been informally agreed to prior to the preparation of the Letter. Be very precise when including these terms and conditions, especially when it comes to the payment and, more importantly, re-payment of security deposits. You don’t want to have a nasty surprise at the end of the tenancy because the return of the deposit was not clearly defined. Once both parties have signed the Letter of Intent, the tenant will be required to pay a deposit of one month’s Singapore rent. This is known as a good faith or holding deposit and should ensure that your landlord will not offer the property to other prospective tenants until a Tenancy Agreement (lease) has been signed. Your real estate representative should always include a few lines in the Letter to ensure this. After the Tenancy Agreement has been signed, the holding deposit will form the first month’s rental. A Letter of Intent should always carry a clause specifying an expiration date. If a landlord does not sign the Letter within a certain period, the Letter will expire and the landlord will then be required to return the holding deposit immediately. Tenancy Agreement The Tenancy Agreement is prepared by the landlord and is, in essence, a more detailed version of the Letter of Intent, stating both parties’ obligations. Generally speaking, Tenancy Agreements in Singapore are well balanced in terms of the obligations of each party. However, there are still certain landlords who will insist on including outdated and very one-sided clauses. For example, it used to be standard practice in Singapore that all legal fees incurred were the responsibility of the tenant, including legal fees incurred by the landlord. Some landlords will still try to include this, so to protect yourself, make sure you negotiate to remove or amend the clause before signing the Tenancy Agreement. Always obtain your real estate agency’s input and if in any doubt about any clause, contact your legal firm for their advice. The standard lease term in Singapore is 24 months and most landlords will not accept a shorter lease period. Normally, there will be a clause allowing for renewal, but this is usually subject to review of the rental price by the landlord, based on prevailing market rates. The tenant is usually required to give two to three months’ notice in advance to the landlord if he or she wishes to renew it. If the tenant is a foreigner, he or she is required to provide the landlord with a copy of his or her passport and identification card or employment pass. The landlord needs to verify that the tenant has the right to stay in Singapore, as he will be deemed to have committed an offence if he rents out residential property to an illegal immigrant. Termination of lease The expatriate job market is a fluid one, and changes to employment status can occur with little or no notice. For this reason, expatriates should always insist on inclusion of a Diplomatic Clause. This clause should allow an expatriate tenant to terminate the Tenancy Agreement after a period of 12 months, as long as the tenant has given two months’ notice, resulting in a minimum lease term of 14 months. The clause will also provide for restoration of the security deposit. The security deposit is a deposit paid by the tenant once the Tenancy Agreement has been signed. It is held by the landlord and is only returned to the tenant when his or her Tenancy Agreement expires and when he or she has fulfilled the terms and conditions included in the Agreement. Unlike in many other countries, the security deposit held by the landlord will not be placed in an interest-earning account and it will therefore be refunded to the tenant interest-free. In standard-term leases, the security deposit will amount to two months’ rent. The final amount returned will depend on the tenant’s fulfillment of any terms and conditions. The landlord also reserves the right to deduct any expenses incurred should a tenant cause any damage to the property or inventory. Securing the return of the full security deposit is undoubtedly one of the most stressful times for the tenant. Many landlords see this as an opportunity to try and charge the tenant for any damage to the property, regardless of whether the current tenant caused it. It is therefore of paramount importance to make a detailed report of any damage found in the property at the beginning of the Tenancy Agreement, so that there can be no false accusation later as to who caused it. A good real estate firm will prepare a detailed written and photographic damage report for you, which will allow you to be sure that any damage is properly registered as pre-existing. Once again, it is essential to work with an established real estate firm who can support you with all issues involved in terminating the lease. If the Diplomatic Clause is used, the landlord will ask for reimbursement of the pro-rated commission paid to his real estate agency. This means that you will have to reimburse him for part of the commission fees according to the number of months that you have rented the property. It is clear that before entering the Singapore rental market, you should have an experienced and professional real estate firm on your side. Hester Calkhoven, established Executive Homes in 2010 having worked for various real estate agencies in both Singapore and Hong Kong since 1995. She is a qualified estate agent and also holds a license to operate a real estate company. She is registered with the Singapore Council of Estate Agents and is a full member of the Singapore Accredited Estate Agencies (SAEA). 21 Singapore Second cruise terminal significant for Singapore and ASEAN travel By Petra Pronk In October 2012, the Singapore second cruise terminal was officially opened. After a few try outs between May and September Marina Bay Cruise Centre Singapore (MBCCS) was ready for berthing of the largest cruise ships in the world and opened by Deputy Prime Minister, Mr Teo Chee Hean. This second cruise terminal will give Singapore’s tourism industry a boost and should solve some of the berthing limitations for larger cruise ships of Singapore Cruise Centre @ Harbour front. More than a million tourists every year come to Singapore on a cruise. With a smooth operation between Changi airport and the cruise terminals, the cruise industry will see numbers steadily increase in the years to come. Historic perspective Clifford Pier was the landing point of sea passengers and immigrants who came to seek a new life in Singapore. Named after Governor Sir Hugh Charles Clifford, Clifford Pier was opened in 1933, replacing Johnston Pier which once stood nearby, opposite the Fullerton Square. Johnston Pier, built in 1855, was named after the prominent merchant Alexander Laurie Johnston. To many local people, Clifford Pier is also known as the Red Lamp Pier as there used to be a red oil lamp hanging at the pier to serve as a directional sign to seafarers. Nowadays, for the many tourists and expats, this location is marked by the Lantern Bar at the Fullerton Bay hotel. 22 The pier was later used as a terminal for tourists and day trippers who boarded small boats and ferries heading for the Southern Islands. Clifford Pier ceased operations on 1 April 2006 after the dam at Marina Barrage was built, and was replaced by the Marina South Pier. MBCCS Finally more tangible and visible by the opening of the new motorway, the Marina Coastal Expressway (MCE), the second cruise terminal doubles Singapore’s berthing capacity for larger cruise ships and allows the world’s largest cruise ships to make a stop-over in Singapore. The terminal, which is operated by SATS-Creuers Cruise Services (SCCS), saw its first ship dock in May 2012. MBCCS establishes Singapore as the regional cruise hub with no real alternative or competitor in the region. The purpose-built 28,000-square-meter terminal has effectively doubled Singapore’s berth capacity. With deep water, a large turning basin and no height restrictions, the terminal has the capability to dock ships of up to 220,000 gross register tonnage (GRT) and measuring up to 360m in length with a hull draft of up to 11.5m. The impetus for construction came from difficulties many cruise operators had with the current Singapore Cruise Centre, which is in a narrow channel with a dead end. The geographical limitations of the site impose height and berth limits on the cruise operators. Singapore In March 2009, the Ministry of Trade and Industry (MTI) and Singapore Tourism Board (STB) revealed the new cruise terminal’s design. Nautical design The S$500 million terminal was designed by RSP Architects Planners and Engineers Bermello, Ajamil and Partners as an architectural icon with the capability to accommodate some of the world’s largest ships. The terminal features a spacious arrival and departure hall as well as a large ground transportation area (GTA) to ensure a smooth and seamless experience for passengers. Waves and nautical elements take centre stage with an undulating roofscape that mimics the breaking of waves on the shore - featuring an angular rather than curvilinear form, with alternating panels of aluminium and glass along the length of the terminal. When viewed from the towering heights of a cruise liner, the roof becomes a multi-dimensional mosaic of shapes and patterns. Reclaimed The terminal complements several other developments in the Marina Bay area, such as the Marina Bay Financial Centre, Marina Bay Sands, Marina Barrage, and Gardens by the Bay. All part of the reclaimed land areas along the East Coast Parkway. SATS moving into maritime SCCS is a joint venture between SATS and Creuers del Port de Barcelona (Creuers). They were appointed as the operator for the terminal for a ten- year term, with an option to extend for another five years. The combined experience of SATS – the leading provider of gateway services and food solutions in the region – and Creuers – the largest port operator in Europe – was a large contributing factor to SCCS being selected to take the terminal forward. SATS, being a healthy home grown company, best known for the in-flight services leaving from Changi airport, are taking further action to move into the maritime sector. On 26 September 2013, SATS announced that, through their subsidiaries, SATS Airport Services and SATS-Creuers Cruise Services (SATS-Creuers), they entered into a sale and purchase agreement to acquire the entire issued share capital of Singapore Cruise Centre for S$110 million from Temasek. SATS Airport Services will own approximately 92% of Singapore Cruise Centre while SATS-Creuers will hold the remaining 8%. Singapore Cruise Centre is a Singapore-based terminal operator which manages and operates: International Passenger Terminal (cruise ships) and Regional Ferry Terminal at Harbour Front, Regional Ferry Terminal at Tanah Merah, and Domestic Ferry Terminal at Pasir Panjang. With this acquisition, SATS-Creuers now operates two of the largest cruise terminals in the world. The presence of SATS at both the airport and cruise terminals helps to enhance the service experience of cruise lines and passengers. SATS will be able to extend the Cruise-Fly™ and Fly-Cruise products to cruise terminals, enabling passengers to enjoy convenient, seamless transfers to and from Singapore Changi Airport and will contribute to Singapore’s tourism industry and economic development. 23 know your tax Counting the days! By Yvette Gorter – Voskamplawyers Singapore is doing well attracting foreign companies. With this, more and more expats seem to be appearing at Changi Airport, flying in and out of the country. We often see that these expats are either sent to Singapore for a relatively short period of time to execute a project, or are on an assignment for a couple of years to fulfill a role which often requires them to frequently travel around the region. Are there any planning possibilities for these inbound employees with respect to Singapore income tax? Short term assignments The general rule is that income from any employment exercised in Singapore is taxable in Singapore. Income earned by employees who work in Singapore for less than 60 days in a calendar year and who cannot be considered tax residents will generally be tax exempt. Dutch employees sent to Singapore for more than 60 days but less than 183 days in a calendar year may not become tax liable in Singapore, due to the tax treaty between Singapore and the Netherlands. For example this is the case if the employee is not seconded to a subsidiary or branch in Singapore and the Dutch employer continues to bear the cost of the employee. Do note however that there are filing requirements for claiming this exemption. If an employee is seconded to the local subsidiary or if the overseas company has operations in Singapore, the tax treaty may allow Singapore to levy tax on part of the employment income earned while working in Singapore. Generally this income will be taxed in Singapore at a rate of 15%; as this rate is generally lower than the income tax rate in the Netherlands, the overall income tax burden of the employee might be reduced. Employers can take this into consideration when negotiating secondment terms with the employee. Long term assignments We notice that when most companies send their employees to Singapore for an extended period of time, such employees will be assigned to its local subsidiary. For the duration of the secondment, the employee is typically regarded as a tax resident in Singapore. What kinds of tax planning opportunities are available to these employees? The Not-Ordinarily-Resident (“NOR”) scheme was introduced for employees based in Singapore but who travel frequently for work. An employee who qualifies for the NOR scheme can enjoy favorable tax concessions for a period of five years. One benefit under this scheme is that the employee will only be taxed based on the number of days spent in Singapore. The other benefit is that certain amounts of contributions to overseas pension funds and/ or social security schemes made by the employer on the employees’ behalf may be tax exempt. To qualify for the NOR scheme the employee must spend at least 90 days outside Singapore for business reasons and have an employment income of at least S$160,000 per year. The NOR scheme does not apply to Singaporean citizens or permanent residents. So regardless of whether you are here for a short time or for an extended stay in Singapore, counting the days inside – and outside – Singapore can prove to be beneficial for personal income tax purposes. With an employee seconded to Singapore on a net contract, this could also benefit you as employer. exclusive designer tailors Great Tailor - Excellent Fit The custom tailor is an artist in the truest sense. Using a gentleman’s imperfect body as inspiration, the tailor fashions a garment that captures every subtlety and caters to its owner’s individual strengths. Whether you begin with a custom dress shirt or mens’ suit, the experience promises to be among the most rewarding you will encounter. A custom shirt shop such as TJ Tailor is an excellent place to embark on your journey. Tel: (65) 6534 0301 24 Hp: (65) 9663 1207 Email: [email protected] TJ Custom Tailors 24 Raffles Place #01-23 Clifford Centre (right opp Guardian Pharmacy) Singapore 048621 Website: www.tjtailor.com Revolutions in Ultrasound Technology for Revelations in Patient Care The new Philips iU22 xMATRIX ultrasound system is a revolutionary imaging system that will forever change the way you view ultrasound as a clinical tool. Now you can see more clearly, explore more fully, and resolve more thoroughly. Now you can be sure. www.philips.com/xMatrix Not to miss Singapore International Jazz Festival 2014 27 Feb – 2 Mar The inaugural Singapore International Jazz Festival (Sing Jazz 2014). Sing Jazz 2014 will feature four days of memorable performances by a multitude of international jazz stars alongside the cream of local and regional talent. By featuring an impressive array of multi-awarded international artists at the iconic Marina Bay Sands setting, Sing Jazz 2014 is positioned to establish itself as a landmark festival to Singapore’s annual cultural calendar. More Information www.sistic.com.sg SINGAPORE ROCK FESTIVAL 5-6 Mar Fort Canning Park The very first Singapore Rock Festival! Seven of the hardest and heaviest rock bands join forces for two nights, on one stage in Singapore for an electrifying line-up at Fort Canning Park! Co-Headliners ‘Rob Zombie’ and ‘Korn’ will be joined on the first day by acclaimed hard rock bands ‘Five Finger Death Punch’ and ‘Black Veil Brides’. Heavy grunge heavyweights ‘Alice in Chains’ headlines the second night along with ‘Alter Bridge’ and ‘Newsted’ (led by former Metallica bassist Jason Newsted)! More Information www.sistic.com.sg RISING SON 27 Mar – 12 Apr DBS Arts Centre This is part one of the Family Trilogy written by Dick Lee. Set against the backdrop of the Japanese occupation, it tells the coming-of-age stories of his father, aunt and a Japanese army lawyer next door. Through the play, Dick hopes to offer the younger generation an insight into how everyday life was during the Japanese occupation, and the older generation, a different perspective of the period. More Information www.sistic.com.sg The Merchant of Venice Fort Canning Park From the company that brought Othello, Twelfth Night, Macbeth, A Midsummer Night’s Dream and Much Ado About Nothing. Spread your picnic blanket, uncork that bottle of wine and lose yourself in the rich world of The Merchant of Venice, one of Shakespeare’s most beloved plays. With a fairy-tale wooing, a twisted revenge, mistaken identities, a beautiful heroine with a quick wit, and one of Shakespeare s most sympathetic villains, The Merchant of Venice has something for everyone. More Information www.sistic.com.sg 26 30 Apr – 25 May column Being hospitalized in Singapore by Richard Soemita A few months ago I had a little accident on my bike and, as a result, had a small lump on my head that didn’t go away but gave me a headache whenever I pressed it. I finally decided to go to the doctors to check it out. But my general practitioner referred me to a hospital to have this checked properly since he couldn’t do much apart from writing antibiotics. I decided to go to this established private hospital since the standard time for making an appointment at a government hospital takes decades. So on a casual Saturday at 10am, I had my appointment and was welcomed in this glossy, carpeted lobby with large TV screens and attractive smiling receptionists. The doc did his bit and found no discrepancy with what I had already researched on the internet. However, he recommended an MRI brain scan and, after he checked with Pamela Anderson from reception, he told me the good news that there was a spot available at 6pm. Incredible that time was not an issue. In Holland after 5pm Friday afternoon you would either die or suffer till Monday morning! I agreed to stay and took the 6pm slot just to get it over with. I was then led to Administration and was given the quotation of $2,500 +/- since there could be additional charges added to it which could not be foreseen. Unfortunately, I’m a bit claustrophobic and therefore requested a sleeping pill to numb me when I had to go through the MRI ‘tunnel’. No issue at all, they just called the anesthetist to come down and put me out. Before I could explain my phobia to him, he injected 10ml of propofol in my arm and was gone in seconds! Later he told me that it is the same stuff that Michael Jackson overdosed on. After an hour I was then wheeled out of the scanning room to a suite with a fantastic view of the city. It appeared that I got 200ml of propofol and was basically in cloud coocoo land during the entire scan. I was so dizzy and could barely sit up. The next minute I was handed a menu which was nearly as good as Equinox. The nurse also asked if I could select my breakfast and lunch for the next day. The suite was spacious and included free Wifi, a safe locker, large TV, large bathroom, a toilet bag stuffed with goodies and a fantastic view of the city i.e. nearly as good as the Swissotel. My wife could also stay over but the extra bed in the room would cost $50 and $65 including breakfast. Dinner was great and just when I thought I’d snooze away like Michael Jackson I was woken up for my first blood pressure check. This continued every 3 hours until I finally fell asleep at 6am in the morning. When my wife walked in the next day (Sunday) she thought that I had caught dengue. At this stage I was so fed up and dog tired that I just wanted to walk out. But the nurse told me that the doctor was kind enough to come to the hospital to discuss the results with me, and would be arriving in an hour. She was also a bit upset that I cancelled my lunch and didn’t want to ‘relax’ until 2pm, the check-out time. With a friendly smile she said that it was also possible to extend my stay till 5pm discounted at 50%! Then the doc walked in and broke the good news to me that nothing was found on the first scan and as a result they decided to do a second one just in case. The lump was just a concussion and there was nothing to worry about. He concluded his diagnosis by asking me if that’s what I also found on the internet! By now my blood pressure went sky-high and I tried very hard not to have a heart attack. The thought of being kept there for a week! But… we first had to go back to Admin to settle the bill. I sat in front of the admin clerk who gave us this big smile. At one moment I thought he was writing an essay when finally he handed over the print out showing a total of $5,500. Where was the bed on wheels when you needed it the most? The medical industry in Singapore has become commercial. At every visit the doctors ask me if I need a scan, health check or even Viagra. My dentist thinks that my teeth need to be whitened or replace the white fillings with gold. And last but not least Susan Lim, Asia’s first liver-transplant surgeon, charged the Brunei queen’s sister $25 million a few years ago for a 7 months treatment. You can actually buy a hospital in Africa for that! Meanwhile the patient passed away and Lim was fined $10,000 and warned not to overcharge again. The Singaporeans have this saying: never get sick, just die. 27 Embassy News New passports valid for 10 years Global Nuclear Security Summit to be held in the Netherlands 2014 Next year, the Netherlands will host the Nuclear Security Summit (NSS), which will be held on 24 and 25 March in The Hague. The goal of the Summit is the prevention of nuclear terrorism around the world. There is a substantial amount of nuclear material in the world. If it were to fall into the hands of terrorists, the consequences would be dire. The international community must therefore do its utmost to prevent that from happening. The Nuclear Security Summit is a global conference at the highest political level. Fifty-three countries will be taking part, most represented by their prime minister or president. The heads of four international organisations, including the United Nations, will also participate. Five thousand delegates are expected, along with 3,000 journalists. The NSS is an initiative of President Barack Obama. The first Summit was held in Washington in 2010, and the second in Seoul in 2012. At Mr Obama’s request, the Netherlands will host the penultimate summit in 2014. The Netherlands is internationally renowned for its commitment to international peace, justice and security. The Summit’s host city, The Hague, is home to 160 international organisations. The Netherlands is also a major player in the nuclear industry. It produces 30% of the world’s medical isotopes, which are used to diagnose vascular diseases and fight cancer. The Netherlands Forensics Institute plays a leading role in the field of nuclear forensics. Starting from March 9, 2014 new passports and ID cards will be valid for 10 years. However, passports and ID’s for persons younger than 18 will still be valid for 5 years. The new fee structure for passports and ID cards will also be used from that date forward. The new fee structure is based upon the cost of providing passports and ID cards. For a passport request made outside the Netherlands, the fee has been set at € 131,11 for adults. Dutch nationals living outside the Netherlands can also request a passport at several municipalities, including the Haarlemmermeer desk at Schiphol. The other municipalities are Den Haag, Oldambt, Enschede, Montferland, Echt-Susteren, Maastricht, and Bergen op Zoom. Those fees should be lower and have been set at €101,75 for a passport request by a Dutch national currently not residing in this municipality. More information is available on the embassy website. Registration Open European Elections Parliament Elections on May 22, 2014 In May 2014 the European elections will take place. In order to vote in this election, it is necessary that Dutch citizens abroad register first in The Hague, before they can sign up to participate in the elections. Registration is possible from November 22 through a form on the website of the municipality of The Hague. This form must then be sent by post or by e-mail. If you have no access to the internet, you can pick up the form at the embassy. The completed registration form and a copy of proof of Dutch nationality must be received by April 10, 2014 at the municipality of The Hague New Facebook page Please visit the Embassy’s new Facebook page and share your thoughts and ideas. We look forward to hearing from you! https://www.facebook.com/ DutchEmbassySingapore. GelissenComputers IT consultancy & service Maintenance Laptop, desktop, data recovery, PC and laptop reinstallation. Installation Complete server (24/7 service), corporate and home network. Consultancy Liaison between providers, external IT department and clients. Configuration Applications, e-mail and cloud services plus Macintosh, Windows, Linux and advanced wireless solutions. Call 24/7 for an appointment: +65 8189 5747 • www.gelissencomputers.com • [email protected] Advertising_Gelissen_MOTHER_FILE_PLUS_BLEED.indd 1 28 23/3/12 10:34 AM ADB News Question: Why did you come to Singapore, and why did you decide to join ADB? Name : Catharina van Bentum Name : Robert van Lith The urge for adventure and life and work abroad made my choice easy when my boyfriend was offered a job in Singapore. I gave up my job as a corporate lawyer in Amsterdam and moved to Singapore last December. I joined Voskamp Lawyers in January. Singapore has treated me well ever since I arrived. It was great to celebrate Christmas and New Year’s Eve in 25°C! I joined ADB because I believe that ADB is a great way to get to know other Dutch people in Singapore. During my previous job as project director for Acer, I experienced my passion for Asia. When I was offered a job here in Singapore by my brand new Taiwanese company UITOX, the commitment of bringing over the family was a no-brainer. Started from scratch in July, today we are an operational on-line department store called “SOSOON” with a USP “within 24 hrs delivery, 24/7”. Hopefully ADB provides the platform of Business People, having this typical Dutch mindset of entrepreneurship. Name : René Koopman Name : Robin Musch Last October I traded my beloved Amsterdam for Singapore, by now maybe even more beloved, to work as a registered foreign (banking) lawyer at Baker & McKenzie.Wong & Leow. Two months later my girlfriend joined me. The end of the calendar year proved to be a good time to join the ADB, allowing me to easily meet new people and see some familiar faces at the Christmas drinks and at the Ambassador’s New Year’s reception. The Dutch Singapore community surely knows how to make one feel welcome and at home. During my stay in Singapore last year, I very much enjoyed the atmosphere, weather, food and business environment. So, after having worked for 5 years as a lawyer at a UK law firm in Amsterdam, I quit my job and my girlfriend and I moved to Singapore. My first night in Singapore was at an ADB-borrel at the Hollandse Club, which was a great start to my stay here. I will continue to work as a corporate and commercial lawyer in Singapore. I am looking forward to meeting all of you at a next ADB-borrel. Name : Jurrie-Jan Tap Name : Gosse de Vries After five years in China we had just returned to The Netherlands when an opportunity came up to relocate to Singapore. In China, I was working for a Netherlands based supply chain organization and an active member of BenCham, the Benelux Chamber of Commerce. I joined Australia headquartered Linfox Logistics in November with Asia wide responsibilities. I expect ADB will facilitate introductions in the region. ADB came across as informal, with a low entry barrier and allowing for personal participation rather than through a corporate membership, which suited me well. As per November 1, 2013 I have been appointed Managing Director of the Intertrust Singapore office. Previously I was the Managing Director of the Curacao office for 4.5 years and before that I was stationed in New York as the Managing Director of the North American office of Intertrust. The main reason I joined the ADB is thanks to the persuasiveness of my colleague Kuan Yoe The. 29 ADB News Question: Why did you come to Singapore, and why did you decide to join ADB? Name : Edmée Grote Name : Fabian Borsboom Since August 2013, I am really pleased to be working for Meelunie Singapore Pte Ltd. Together with my boyfriend Philip Wegener we decided to move to buzzing Singapore. He is doing his MBA at INSEAD for the coming 10 months. But we are planning to spend a bit more time in this city as it is great working and living here. So why not meet fellow Dutch with similar interests in the life and business of SEA. Looking forward meeting some of you. In May 2010, I arrived with my wife, Petra (who has been an ADB member since 2010) and two kids (my third kid was born in 2012) in Singapore. Work was, of course, the main reason to come to Singapore and I work for ING Bank as a market risk manager. Although I’ve been here for more than 3 years already, ADB will provide me with an opportunity to meet people and extend my network, both from a personal and a business perspective. Name : Franka de Vos van Steenwijk – Houben Name : Johannita van Beuningen After living and working in Shanghai for 2.5 years, my husband and I decided on a move to Singapore. Having given birth to our fourth child late last year, I’m now eager to reconnect with the Dutch business community and believe ADB provides a great platform for this. With wide-ranging experience across finance, logistics and international trade development, plus language skills in English and Mandarin, I’m looking forward to helping Dutch businesses flourish in Singapore and beyond. I have moved to Singapore to explore the possibilities on the job market. My husband and I lived in Asia before, in Hong Kong, and the desire to move back never faded. I was pleasantly surprised to secure an opportunity within 2 weeks and I stayed. It was an excellent experience to work in Asia again and I am now determined to find another role and to stay longer. I am interested in meeting entrepreneurial people in Singapore. Name : Maja Cadra Name : Sabine Bussink-Schurink Sunshine, multicultural city, Asia, helper at home – individually each one of these is an attractive point, but when combined together in an offer to move to Singapore they became irresistible – at least in my case. After spending a full year simply enjoying myself I have accepted an assignment to do business development for Litehauz, a Danish environmental consultancy focusing on offshore and shipping industries. Joining ADB was a very natural starting point since I understand and appreciate Dutch way of doing business having lived and worked in the Netherlands for almost eight years. Four months ago we moved to Singapore for my husband’s (Eduard Schurink) job at PWC. We settled down very quickly with our two young children Emilie (3 years) and Jonas (8 months) at a great condo next to the Botanic Garden. That gave me the opportunity to start my own business, called “Mom in Balance Singapore” (a good reason to join ADB!). This franchise formula comes from a successful Dutch company. We offer prenatal and postnatal outdoor exercise programs for moms (to-be) to stay fit and active during their pregnancy and early years of motherhood. See also: www.mominbalance.com.sg and www.facebook.com/ MominBalanceSingapore 30 ADB News Question: Why did you come to Singapore, and why did you decide to join ADB? Name : Erica van Dijk Name : Hugo Heitling As a recent graduate I am very lucky to have gotten my first job as a veterinarian in beautiful Singapore. I’ve just started to work at the Animal Practice clinic near Kovan MRT. My boyfriend and I are planning on staying here for a long time, so we would love to meet all of you and maybe share a drink together. See you soon! Early May 2012, I moved to Singapore to work for a Singaporean company (EMAS AMC) as a project manager for construction of a new pipe lay vessel. Since then, time flew by rather quickly and I’ve already been in Asia for almost 2 years. Time to start blending in and get a bit more into networking and socializing, as such I decided to join ADB. New members Alexander van Overveld, Nokia Solutions and Networks Singapore Pte Ltd Marcel Huijskens, Integrc Asia Amcke Becker, Friesland Campina Michiel Molenaar, Shell Anouk van der EL, TimeCapsules Arjan Huizing, Hoogwegt Singapore Pte Ltd Bas Wiebe, SEMCO Salvage and Towage Pte Ltd Catharina van Bentum Caroline Goulmy Edmee Grote, Meelunie Singapore Pte Ltd Elbert van de Wiel, Concordia Agritrading Pte Ltd Ellen Deckers, Freelance Elizabeth Ipenburg Erica van Dijk, Animal Practice Pte Ltd Erik Blokhuis, SWTS Pte Ltd (Pon Asia) Ernst van der Vliet, Maersk Drilling Holdings Singapore Fabian Borsboom, ING Asia Franka Houben Gosse de Vries, Intertrust Merel Schwaanhuyser Peter-Paul Nijsten, Raffles (International) Executive Search Pte Ltd René Koopman, Baker & McKenzie. Wong & Leow Robin Musch, Law Firm Robert van Lith, Uitox Rolf Geling, McDonald’s APMEA Sabine Bussink, Mom in Balance Tim van Bijsterveldt, Accenture Tom van Breda, BAM International Willem Jan Mulderij, Comarco Willeke Lankamp, Self-employed Xander Vissering, Philips Healthcare Gert Jan van der Lee, Jacobs Engineering Singapore Pte Ltd Jack van Lint, Oil Tanking Jan van der Knaap, Jacobs Engineering Services Jan Willem de Braal, Nile Dutch Jenny Born, Embassy of the Kingdom of the Netherlands Jeroen Goldman, AON Jeroen Bos, Double Effect Joeri Gianotten, Accelerasia John Bouma Joost van Doodewaard, SKF Marine Magdalena Wichman, Mercuri Urval Mattijs Sibbing, Sib Asia Marije van der Lint, Intertrustgroup Mette Nolte, Accenture Peter van ‘t Westende Leaving members Albert Stevens, INCD Ashwin Chandoesing Piet Sinke Pim Hulsebosch, Hulsebosch Rob Mars, M3 Management & Consultancy Pte Ltd Hugo Heitling, EMAS AMC Bastiaan van Beijsterveldt, Jones Lang Lasalle Ian ter Haar, Royal Vopak Berend Jan Zonneveld, Mammoet Imraan Ramdjan, De Ideaz Bert Janssen, KLM Cargo Johannita van Beuningen Bert-Jan van Essen, Credit Suisse Jurrie-Jan Tap, Linfox Logistics Cees Visser, Unilever Walter van den Boor, IPP Financial Services Lisette Davis, Sidra Marketing Cecile Goldman Wiebe Helder, Cargobase Maarten Goeman, ING Erik Pieter Weerts, KPMG Wouter van Marle, Philips Healthcare Maja Cadra, Litehauz ApS Erik Vledder Yan Vermeulen, BMES Roel Groothuis Rutger Oudejans, Provini Sander Mutsaers, ING Sebastian de Vries, Double Effect 31 ADB News Company Visit Danone Nutrition 4 Mar We are very excited to have Danone welcome us to their office and Asia Pacific R&D lab in Biopolis! During this company visit you will get a behind the scenes view on Danone in general, the different Nutrition businesses and their cutting edge R&D. Furthermore, we will take tours of the Research Lab in smaller groups with a guide to get specific explanation on the research Danone is doing here in Singapore. Date :March 4, 2014 Time :6pm - 9.30pm Location:Biopolis (exact location will follow) Participants limit: 50 (selection will be based on ‘lucky draw’ after the sign up closing date) Sign up closing date: Feb 26 Drinks and simple dinner will be available. ADB Annual General Meeting 17 Mar All ADB members are invited to attend the AGM, traditionally preceded by a typical Dutch meal (“Zuurkool met worst”). This year we have a special guest, Dutch Ambassador Jacques Werner. Before the start of the AGM, Ambassador Werner will share his experiences of his first months as Ambassador of Singapore and Brunei in which he will also present his key points (strategy) going forward including a Q&A session. Date Time : March 17, 2014 : 7pm - 10pm (Start with dinner, followed by a presentation from the Ambassador, including Q&A session. AGM will start afterwards and close with networking drinks.) Location:Hollandse Club, 22 Camden Park Kindly sponsored by: EDITORIAL COMMITTEE Frank Kuijsters, Chief Editor Arthur Claringbould Jacinta Noonan Richard Soemita Zsuzsika Oostinjen - Belovics DESIGN Jennifer Phua SECRETARIAT Zsuzsika Oostinjen - Belovics This magazine is distributed free of charge to all members and relations of the ADB. MAILING ADDRESS ADB Singapore c/o 22 Camden Park Singapore 299814 Telephone: +65 8189 8529 Email: [email protected] WEBSITE www.adb.org.sg 32 PRINTER Khoo Sun Printing Pte Ltd MITA 373/03/2001 We invite members to contribute to the next issue. The contents of this magazine are partly based on information received from third parties. The Committee does not take responsibility for the correctness of the articles. Membership fee is S$ 125 per calendar year. For registration, please see the website www.adb.org.sg Membership is renewed automatically effective the first month of the new calendar year. Make your cheque payable to “ADB Singapore” and send to ADB, c/o 22 Camden Park, Singapore 299814. Termination of membership must be received by ADB Secretariat in writing before 1 January. If there are any changes in your personal particulars, please update your profile in the Macoocoo-system. Making the purest water drinkable since 1873