Friday 17 May 2013

Singapore Airlines reports net profit increase

SINGAPORE Airlines (SIA) has registered improved net profit of 12.8 per cent year-on-year to S$379 million (US$302.3 million) for its financial year 2012-13.



This is despite a lower operating profit, which fell 19.8 per cent to S$229 million due to high fuel prices and yield pressures against the backdrop of a weak global economy.



Passenger revenue grew on the back of 7.3 per cent passenger carriage growth, albeit at lower yields, contributing to a 1.6 per cent rise in group revenue. Promotional activities necessitated by intense competition as well as depreciation of revenue-generating currencies against the Singapore dollar depressed passenger yields by 4.2 per cent.



SIA expects the global economic outlook to remain uncertain in the new financial year. Forward passenger bookings for the next few months are almost flat compared to the same period last year.

 



Singapore Airlines reports net profit increase

Singapore"s "hotel in a garden" unveils its green wellness facilities

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The newly opened PARKROYAL on Pickering, Singapore’s development that’s based on a ‘hotel-in-a-garden concept’, has unveiled its spa and wellness facilities.

The eco-inspired, 16-storey hotel, which will be operated by Pan Pacific Hotels Group (PPHG), has an entire 44,000 sq ft (4,085sq m) floor dedicated to wellness.


A large proportion of the floor has been set aside for green outdoor space and features a two-storey descent waterfall, a 300m garden walk and an infinity pool that flows along the edge of the hotel.


Colourful cabanas are positioned around the pool area, in varying colours inspired by Chinese songbird cages. Natural stone has been used throughout the level to enhance the resort-like natural feel.


Inside there is a four-treatment room St Gregory spa, the signature spa brand for PPHG. Quick pick-me-up or longer pampering treatments are offered using UK brand Elemis or French mineral brand Thal’ion. While other therapies include balneotherapy for couples, Japanese and Indonesian-inspired massages, traditional Chinese medicine techniques (such as acupressure and reflexology), and full-body exfoliation and detoxification.


Designed by Singapore-based architectural firm WOHA, PARKROYAL was built with a strong focus on integrating environmental elements throughout the property. It has five landscaped gardens and 161,458sq ft (15,000sq m) of sky gardens, planter terraces, water features and living green walls are interwoven into the building’s exterior and interior spaces. Greenery comprises shade trees, tall palm flowering plants, leafy shrubs and overhanging creepers.


The hotel was awarded the Green Mark Platinum Award by the Building Construction Authority in Singapore.


The Green Mark scheme recognises buildings which have adopted sustainable features and practices to promote energy and water efficiency as well as environmental conservation. Platinum is the highest rating in the scheme.


PPHG is the parent company to the PARKROYAL and Pan Pacific hospitality brands which make up a portfolio of 30 properties either owned and/or managed by the group, in destinations across Asia, Oceania and North America.


It developed the St Gregory spa concept – which is focused around the four pillars of therapy, fitness, aesthetics and anti-ageing – in 1997. There are now 12 St Gregory spas operating in Asia with the majority at PPHG hotels.




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Singapore"s "hotel in a garden" unveils its green wellness facilities

Wyndham Hotel Group Introduces Two Hotel Brands Into Singapore - e


Wyndham Hotel Group, the world’s largest* hotel company with over 7,380 hotels and part of Wyndham Worldwide Corporation (NYSE: WYN), today announced the company’s entry into Singapore with the opening of two properties: Ramada Singapore at Zhongshan Park and Days Hotel Singapore at Zhongshan Park.



Both hotels, managed by Wyndham Hotel Group, are located at Zhongshan Park, the newest development area in Singapore, and are part of an integrated development that includes a commercial tower and shopping mall.  Zhongshan Park is a fundamental component of Singapore’s Identity Plan to rejuvenate the Balestier area and illustrate the culture and history of Singapore.



“Wyndham Hotel Group is proud to be part of Singapore’s development plan for the Balestier area,” said Duane Elledge, executive vice president and managing director of Wyndham Hotel Group in Asia Pacific. “With nearly 650 hotels in the region, these new properties further illustrate our commitment to growing our footprint and showcasing the exceptional services that we provide.”



The convenience and variety of amenities and facilities that travelers often seek at higher-priced four- and five-star hotels can be found at the three-star Days Hotel Singapore at Zhongshan Park and the four-star Ramada Singapore at Zhongshan Park.



Ramada Singapore at Zhongshan Park will have 384 rooms and include a full service restaurant, fitness center, swimming pool, business center and pillarless ballroom for events.  Days Hotel Singapore at Zhongshan Park will have 405 rooms, featuring a range of amenities including a full-service restaurant and a fitness center.



Guests staying at the two properties will be able to earn and redeem valuable Wyndham Rewards points for their stay when they join Wyndham Rewards, the guest loyalty program of Wyndham Hotel Group. In addition to free stays, members may redeem their points for hundreds of reward options.



Both properties have been developed by HH Properties Pte Ltd, a property development group with more than three decades of experience in construction and building. HH Properties Pte Ltd is responsible for a variety of distinguished residential projects in Singapore including Treasure on Balmoral, Waterscape at Cavenagh, Skyline 360 0 and Cuscaden Royale.



*Based on number of hotels.



 



Wyndham Hotel Group Introduces Two Hotel Brands Into Singapore - e

Entourage star Jeremy Piven to co-host Social Star Awards on May 23

Emmy-winning actor Jeremy Piven will co-host the Social Star Awards at Marina Bay Sands on May 23.


The 47-year-old best known for his role in popular television series Entourage joins Hollywood actress Jessica Alba as hosts at the inaugural awards show celebrating the most popular personalities and brands in social media.


Both Piven and Alba are also starring in an upcoming Hollywood action flick Sin City: A Dame To Die For, the sequel to 2005 blockbuster Sin City.


Currently starring in British period television drama Mr Selfridge, Piven joins other celebrities at the awards show that also features performances by American hard rock veterans Aerosmith, K-pop star Psy, pop starlet Carly Rae Jepsen and soul-pop singer CeeLo Green.


These music acts will also perform at the post-awards concerts dubbed the Singapore Social at Gardens By The Bay on May 24 and 25.


The 24-hour Social Star Awards show will be streamed live on YouTube and awards, called Social Stars, will be given out in 288 categories spanning different countries worldwide and to the most popular personalities and brands in fields such as music, movies, television, sports and games.


The top 12 categories, including the grand award The Social Star Almighty, which will be given to the most popular celebrity or brand across all countries and categories, will be presented at a three-hour ceremony at Marina Bay Sands.


The Straits Times is the official Singapore media partner of the event, Hot FM 91.3 is the official Singapore radio station and Kiss92 FM, the supporting Singapore radio station.



Entourage star Jeremy Piven to co-host Social Star Awards on May 23

Jeremy Piven to co-host Social Star Awards

SINGAPORE – Emmy and Golden Globe Award winning actor, Jeremy Piven, will co-host the inaugural Social Star Awards alongside Jessica Alba at the Marina Bay Sands, Singapore.


On Thursday May 23rd, the stars of music, TV and film will assemble at Marina Bay Sands for the live event as fans around the world watch it ‘live’ on YouTube.


12 awards will be presented to the most popular superstars in music, TV, film, sport and other global categories.


The live show will hand out awards for “Most Popular Actor”, “Music Group,”"Solo Artist,”"Sports Team”, “Film” and the biggest award of the night, “The Almighty” for the most popular person in social media.


The event will be a culmination of 24 hours of live awards, which will begin online on Wednesday, May 22nd.


Piven is the latest addition to the A-list stars gathered for the Social Star Awards, with performances from Aerosmith, CeeLo Green, PSY, Carly Rae Jepsen, Sky Blu, Blush and EricBenet. YouTube stars and viral sensations, Wrecking Crew, Marquese Scott and Tummy Talk have also been added.




Jeremy Piven to co-host Social Star Awards

Thursday 16 May 2013

Gina Rinehart: Be more like Singapore and stop taking mining for granted

Gina Rinehart, chairwoman of Hancock Prospecting, and richest woman in the world, is a strong advocate of free-market policies.
Photo: Bloomberg


Mining billionaire and media investor Gina Rinehart wants the mining industry to become assertive about its importance to the national economy and educate Australians that it is saving the nation from a Greece-like debt crisis.


In comments likely to add to her controversial public image, Mrs Rinehart will argue in a speech on Friday that the income generated by mining and other resource companies is essential to pay off Australia’s national debt. “The industry needs to keep repeating this and standing up for itself,” she says in a pre-recorded speech to the Australian Mines and Metals Association.



“It needs to keep reminding Australians this – that without mining and its related industries this country has no hope of repaying our record debt without facing the problems Greece and other countries faced with overspending and consequent debt traumas.


“Plenty of Australians know this in a casual way. But what few seem to properly understand – even people in government – is that miners and other resource industries aren’t just ATMs for everyone else to draw from without that money having first to be earned, and before that, giant investments made.”


Singapore a great example


She wants Australia to borrow from the economic policies of Lee Kuan Yew in Singapore and use low taxes to encourage investment and development. She calls for the creation of special economic zones across northern Australia, arguing it has the natural resources Singapore lacked.


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“In contrast, we’ve been saddled with bad government policies that make us uncompetitive, when we could instead make the north a productive food bowl and source of minerals, as well as a centre for medical care, tourism and services for not just Australia but our Asian neighbours,” she says.


She says it is astonishing that Aboriginal leaders argued Woodside Petroleum and the Western Australian government were “morally obliged” to support a $1.5 billion compensation package even though a $40 billion gas plant near Broome had been shelved.


“This is spending the money of a resource company without giving even the company itself the chance to first earn it,” she says.


Free-market approach is best


“And this strikes me as so symbolic of where we are as a country.” Mrs Rinehart, who is the largest investor in Fairfax Media, which publishes The Australian Financial Review. has a gibe at left-leaning journalists, suggesting they listen to a recent speech by New Corp chairman Rupert Murdoch about free markets.


“Try to consider that not only is a free-market approach the most effective economically, but importantly, the best morally also, as poverty and less opportunities are usually not the best for people, especially those in poverty,” she says.


“Tax increases can destroy business and that means less taxes and fewer jobs. And less opportunities. It is amazing that this point still needs to be made. Too many of our governments seem to have had their thoughts clouded by six record years of revenue. They seemed to think the ATM would never empty, and never need refilling.”


She harks back to former Queensland Premier Joh Bjelke Petersen, for axing death duties. Sir Joh was a kindred spirit to her late fathe, mining magnate Lang Hancock.


This story first appeared on The Australian Financial Review.






Gina Rinehart: Be more like Singapore and stop taking mining for granted

What Michael Gove should know about going to school in Singapore

I like to tease my friend Wei about being a tiger mother. She once told me of an incident where her daughter Shu was making an artwork for a friend as a birthday present. Shu doodled for a few minutes, then showed her mother a sketch of a funny face. ‘I told her to knuckle down, spend more time, and come back with a far better drawing,’ said Wei. ‘It just wasn’t good enough.’


I said that was a bit harsh on her eight-year-old, especially since it was not schoolwork but part of Shu’s leisure time. Wei snorted. ‘It was a gift for her best mate, yet she hadn’t put any thought into it,’ she said. ‘She needs to know that you must make an effort for the things you really care about.’


Of course, Wei isn’t a real tiger mother. Truly tigerish mums are terrifying and probably don’t want their children to muck about with doodling in the first place. But I’ve been reflecting on my friend’s words ever since Michael Gove expressed the wish for British schools to emulate eastern ones.


My first reaction was to shudder — does the Education Secretary know what he’s talking about? I completed my secondary and tertiary schooling in Singapore, one of the countries he admires. Does Gove know how boring and soul-sapping rote-learning can be? Does he know how the emphasis on science, maths and IT can turn students into little robots, affecting particularly those of a more creative bent? Does he know the savagery to which competition in Asian schools can descend? Recently, there was news that the head of a kindergarten in China had put poison in the yogurt delivered to a rival school, in order to destroy its reputation. Two children died.


That’s an extreme example, I admit. Usually the downside of Asian schooling manifests itself in more subtle ways. The intense pressure to excel means students often study not for the joy of succeeding, but from the fear of failing. In Singapore they have a term for it — kiasu, which means ‘scared to lose’. It’s a self-deprecating, catch-all phrase used for all sorts of hyper-competitive behaviour, from hogging a buffet spread or the karaoke microphone to, yes, slaving for exams in order not to lose face. It’s one of the least attractive traits of an eastern education.


And yet, and yet. As I get older I have grudgingly come to recognise that the Asian way of learning, both at home and at school, isn’t all bad. The drive for excellence is crippling at its worst, powerfully enabling at its best. The human propensity for lazing about and procrastinating means we need something, or someone, to egg us on. The emphasis on doing well is a lesson that extends beyond the classroom: whenever I face challenges in life, I recall that my parents, my teachers, even my schoolmates have always expected more of me than I have of myself. In my mind I hear the refrain, You can be better, stronger. And many a time, I find that I can.


I have even, somewhat to my own disgust, come to appreciate the emphasis on the rigour of science and maths, and even on the importance of rote-learning and putting certain things to memory. At the risk of sounding like a headmistress — discipline and structure must be inculcated, whereas creativity is often innate or inborn. Here’s the thing: once you have the structure, you can pile all the artistic sensitivity you like on top, free as you please. But without any proper foundation, all creativity is for naught.


2b0d9 Tweet 380x252 If Singapore were run by foreigners, would you be happy?


‘So, what’s new since your tweet 20 seconds ago?’


Of course, I am stereotyping and simplifying. There must be quite a few British parents who are tiger mums and dads, instilling a ferocious will to succeed in their progeny that would make a pushy Shanghai mother look positively benevolent in comparison. I’m also (obviously) not saying that British parents don’t want their children to succeed, or have high hopes for them.


Furthermore, there’s a certain irony in Gove’s ‘Look East’ policy — it comes at a time when many Asian countries are hoping to copy western education and its success in fostering inventiveness, originality and lateral thinking. Singapore has made this a priority, for instance, setting up huge arts and drama schools and introducing more project- and team-based work as well as teaching formats such as show-and-tell.


Easterners have always had a very high regard for western education, especially British education, appreciating in particular the sense of heritage, of carrying on a long tradition. To be accepted at Oxford or Cambridge is still considered the highest echelon of success. The Chinese students who flock to British universities, no matter how jingoistic they may be about Chinese civilisation, are tacitly expressing an admiration for Britain’s history and high culture.


Even as British children start taking Mandarin lessons and practising Chinese calligraphy, Asian kids are busy picking up everything from basic English and French to Shakespearean sonnets. Middle-class Asian parents would overwhelmingly prefer to give their children piano lessons, so that they can be exposed to Mozart and Beethoven, rather than classes in Chinese opera (thankfully) or the sitar. My cousin’s little son has been trying to master the dulcimer.


The cross-cultural threads can be fascinating: Asian youngsters, far more bespectacled than their western counterparts, feel they can relate to Harry Potter because he wears glasses.


So yes, there are perhaps some aspects of Asian education that Gove can borrow, happy in the knowledge that Asian schools are doing quite a lot of borrowing back. Perhaps it can be considered a kind of East-West study exchange of sorts.


My friend Wei’s birthday is coming round soon, and I must think hard about what present to give her. After all, you must make an effort for the things that really matter.


This article first appeared in the print edition of The Spectator magazine, dated 18 May 2013


Tags: Childhood, China, Education, Family, Michael Gove, Schools, Singapore, Teaching



What Michael Gove should know about going to school in Singapore