Tuesday 28 May 2013

Singapore launches programme to create expert public leaders

The Singapore government has launched a training programme which hopes to create expert leaders across five sectors.


The Public Service Leadership programme will prepare up to 500 officials for senior positions in economy building, infrastructure and environment, security, social affairs and central administration.


According to Singaporean news website Channnel News Asia, candidates will include graduates, entrants from other sectors and nominees from within the service.


Teo Chee Han, the deputy prime minister and minister for the civil service, said the programme would create a pool of expert leaders in each sector, as well as building strong teams with “a deeper range of governance capabilities, perspectives and expertise”.


It will be run by leadership committees from each sector, with input from senior permanent secretaries. The scheme will be overseen by the Public Service Division in the prime minister’s office.


Peter Ong, head of the civil service, said that by investing more resources in training, the government would develop “specialist leaders” who would go on to train colleagues at various levels.


According to iGovernment, the curriculum and learning materials will be available to all employees regardless of whether they are part of the scheme. The website also says they will take part in placements across the sector.


Ong hoped the programme would help civil servants of all grades “feel fully engaged and take pride in their work”.


In his Global Public Leaders Series lecture last year, Ong stressed the importance of strong leaders who are “far-sighted, adaptive to change and able to pull together a successful and highly capable team”, adding that this requires “a constant unease about the status quo”.



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Singapore launches programme to create expert public leaders

5 important bits of news about Singapore aviation industry you shouldn"t miss


SIA to park another Boeing aircraft.



DBS comments that SIA Cargo‘s recent decision to idle a second B747 freighter for one year highlights the weak cargo markets.



Here are other hot stories about the industry as compiled by DBS:





1. Tiger Airways plans to add 38 aircraft to its fleet by 2015, bringing the carrier’s total fleet to 68 units, according to commercial direct or Kaneswaran Avili. The new aircraft will be “used for Tiger Group, Tiger Singapore, Tiger Mandala and Tiger Philippines” in a bid to increase the number of passengers served. ( The Jakarta Globe)



2. Singapore Airlines signed on 23 May 2013 a major contract with Accenture for the development of a new IT system to enable the airline to deliver an enhanced travel experience that focuses on meeting more of its customers‘travel needs. Under the terms of the contract, Accenture will develop a new customer experience management (CEM) system, with implementation scheduled for 2H2014. The new system will help staff across different touch

points to more quickly understand a customer‘s needs , with a focus on soft skills to create extraordinary moments in delighting customers. (SIA)



3.Singapore Airlines Cargo is to park another Boeing 747 400 freighter aircraft as a result of a continuing capacity surplus. The aircraft will be put into storage in June 2013 and under current plans will remain out of service until May 2014. The aircraft will be put into storage in Victorville, California. This will be the second freighter aircraft placed in temporary storage . The first was in December 2012. Fuel prices remain high and we continue to see weakness in the air cargo market due to industry wide overcapacity, hich has put pressure on rates,‖ said SIA Cargo President, Mr Tan Kai Ping. SIA Cargo will have an operational fleet of 11 B747-400Fs once the second freighter is put into storage. (SIA)



4. Singapore Airlines is reportedly all owing cadet pilots to resign without penalty until 30 Sep 2013, due to an ongoing pilot surplus. The airline‘s cadet pilots are reportedly bonded for seven years, with a S$250,000 (US$198,589) penalty for resignation (HRMAsia.com)



5. Singapore’s Minister for Transport Lui Tuck Yew said a fifth terminal would be constructed at Singapore Changi Airport within 10 years and further details on the project would be announced at the end of 2013. A third runway would be constructed before the fifth terminal is compl ete. The airport is considering multiple options for the construction of the new infrastructure. The airport plans to commence construction of its fourth terminal in 4Q2013 and complete the project in 2017, increasing the airport’s overall passenger capacity by 16m p.a. to 82m p.a. (CNA/Today Online)

 



5 important bits of news about Singapore aviation industry you shouldn"t miss

Eight New and Affordable Hotels to Stay in Singapore for 2013

These budget hotel openings cater to both business and leisure travelers and offer unique attributes such as proximity to MRT train stations, and major shopping and business districts.


Singapore (PRWEB) May 27, 2013


Underpinned by healthy hospitality outlook, hotel openings have sprouted throughout Singapore to support the increase in international visitors. Eight new budget hotels have since opened in Singapore this year.


The new hotel developments are built on the numerous new attractions to Singapore’s tourism landscape such as the opening of River Safari, Marine Life Park and Gardens by the Bay. In addition, the estimated 15 million visitors’ arrival to Singapore in 2013 has pushed up the demand for hotel rooms.


With the average room rate hovering around US$205 in 2012 (according to Singapore Tourism Board’s statistics) and Singapore being rated the sixth most expensive city in the world according to a recent survey conducted by London-based Economic Intelligence Unit, the opening of these eight new budget hotels certainly provides a cheaper alternative for the cost-conscious travelers.


“These new budget hotels couldn’t choose a better time than now to open. There is a huge pent-up demand from travelers for cheaper accommodation and especially visitors from countries like Indonesia, Philippines and Malaysia. Also, as part of the hotels’ opening marketing drive, these hotels will be offering special Singapore hotel promotions that discerning travelers should take advantage of,” says Danny Lee of BudgetHotels.sg, an online hotel guide platform specializing in listing budget hotels near MRT train stations.


Check out the eight new budget hotels highlighted below:


1)    Days Hotel Singapore at Zhongshan Park

A three-star hotel with 405 rooms under the well-known Days Inn hotel chain and located in Balestier/Novena area.


2)     Venue Hotel

A Perankan-style hotel in a restored Chinese shophouse characterized by colorful themed-rooms and is located within walking distance to Paya Lebar MRT train station.


3)    Hotel Clover

Within walking distance to Bugis MRT train station, the rooms are Scandinavian-inspired and equipped with work-desk and free Wi-Fi for business travelers.


4)    The Seacare Hotel

A stylish and contemporary business hotel with 103 rooms that is located in Chinatown district and within 10-minute walk to Chinatown MRT train station.


5)    Bliss Hotel Singapore

A boutique hotel with avant-garde rooms and free Wi-Fi that is located near the vicinity of Chinatown MRT train station.


6)    The Daulat Hotel

A quirky hotel with Persian-designed elements straddling Bugis and Little India districts and is blessed with close proximity to either MRT train stations.


7)    Big Hotel

A mid-size hotel in downtown Bugis with 300 over rooms and all rooms come with Serta mattress and free Wi-Fi.


8)    Amaris Hotel Bugis, Singapore

A small and no-frills budget hotel conveniently located in Bugis and within short walking distance to Suntec Convention and Exhibition Center that will appeal to the budget-conscious business travelers.


For more information on each of the hotels listed above, please visit http://www.budgethotels.sg/new-hotels-in-singapore-2013/


About BudgetHotels.sg

Created by a local expert, http://www.budgethotels.sg is a first-of-its kind hotel guide platform in Singapore that provides a compilation of budget hotels in Singapore with key information like the location of nearby MRT train stations, popular local food haunts and shopping places.



For the original version on PRWeb visit: http://www.prweb.com/releases/prweb2013/5/prweb10771372.htm



Eight New and Affordable Hotels to Stay in Singapore for 2013

PSY mentions about the 'fake PSY'

PSY mentioned about the ‘fake PSY’.



On May 23rd, PSY attended ’2013 Social Star Awards’ which was held at Marina Bay Sands Hotel in Singapore, and PSY mentioned about the fake PSY, who recently appeared during the 66th Cannes International Film Festival.



PSY said, “It’s one’s freedom to imitate me, but causing troubles while pretending as if he’s the real one is a serious problem, and I am very worried about it.”



He continued, “At first, I thought it was just a joke, but from some point, I started feeling a bit scared.”



Netizens made comments, such as “I’m sure he was largely surprised”, “PSY really must be a super star now”, and “I wish this will never happen again.”



Hot News


  ▶ Kwang Hee talks about Gyeong-ri’s popularity


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  ▶ TaeYeon reveals new photos of herself


  ▶ Sun Ye makes a visit to Korea


  ▶ TaeYeon reveals new photos taken with Tiffany





PSY mentions about the "fake PSY"

Monday 27 May 2013

Singapore Launches Yuan-Clearing System


HONG KONG—The two most aggressive players in the offshore yuan market—HSBC Holdings


PLC and Standard Chartered


PLC—plan to sell the first yuan-denominated bonds to be cleared in Singapore, which launched its own yuan-clearing system Monday.


HSBC plans to sell a two-year yuan bond at a yield of about 2.25%, according to a term sheet seen by The Wall Street Journal Monday.


Standard Chartered’s planned yuan bond has a tenor of three years with a roughly 3% yield, a person with knowledge of the matter said.


Both bonds, which will be benchmark in size and arranged by the banks themselves, could be sold as early as Monday. The sales will be cleared through the Central Depository (Pte) Ltd., which provides clearing and settlement services for securities in Singapore.


The launch of the yuan-clearing system in Singapore could enable freer flow of trade in the yuan, also known as the renminbi. Previously, much of the yuan activity in Singapore was handled through correspondent banks based in mainland China, or through Bank of China in Hong Kong, the main testing ground for Beijing as it internationalizes its currency.


In February, Beijing approved Industrial Commercial Bank of China Ltd.


to clear yuan trades in Singapore, which is now up against Taipei, London, Tokyo, Luxembourg and Kuala Lumpur in the fight to become the world’s second-largest offshore yuan-trading hub after Hong Kong.


Last week, DBS Group Holdings Ltd.,


Southeast Asia’s largest bank by assets, said it also plans to issue yuan-denominated bonds to be cleared out of Singapore.




Singapore Launches Yuan-Clearing System

Singapore dollar losing most since 2012

SINGAPORE — Singapore’s dollar is suffering its biggest losses in a year as Asia’s economic slowdown confounds local policy makers whose priority is controlling inflation, the Bloomberg news agency reported.


The Singapore dollar has weakened 3.4 per cent against its US counterpart this year and is lower against all but two of the 10 most-traded Asian currencies tracked by Bloomberg. A weaker exchange rate has the potential to add to inflation by making the cost of imported goods more expensive.



“In Asia, there’s a lot of concern about the region’s economic outlook and the Singapore dollar’s weakness is linked primarily to that,” Mr Hans Redeker, the global head of currency strategy at Morgan Stanley in London, said. The firm called the Singapore dollar “one of our key shorts” in a research report last week, referring to trades that would profit from the currency’s decline.


The Singapore dollar fell as low as S$1.27 per US dollar on May 23, its weakest level since July, before trading at S$1.259 today as of 5pm local time. Over the past 52 weeks the currency has ranged from as low as S$1.2971 in June to as strong as S$1.2152 in October.


This month’s 2.6 per cent drop is its biggest since May 2012. Singapore’s dollar has tumbled against all of its main Asian peers this year except the Japanese yen and South Korean won. It’s down 5.5 per cent versus the Thai baht.


The currency has been appreciating over the past four years, strengthening 19 per cent versus the US dollar from S$1.5582 in March 2009, and climbing against 11 of the 16 most- traded global currencies tracked by Bloomberg.


Arts Education in Singapore Moves to Center Stage


“There’s the conception that art isn’t profitable, and this being Singapore, I thought I should be a good son and get a job to support the family,” said Mr. Lee, 32.



Now, however, his sentiments have changed, and he has gone back to school to study art.



Mr. Lee does so as the art market is beginning to boom in a city-state traditionally known as a buttoned-up financial center, not a hub for creativity.



Governments across Asia are pouring resources into cultural centers, museums, art schools and festivals. Singapore is no exception.



The Art Stage Singapore fair, started in 2011, now draws about 120 galleries; the government has spent about 10 million Singapore dollars, or about $8 million, on an art cluster; and the National Art Gallery is scheduled to open in 2015 with one of the world’s largest collections of Southeast Asian art.



Interest in arts education in Singapore has also grown, from both foreign and domestic institutions.



Last September, the Glasgow School of Art opened its first overseas campus, in partnership with the Singapore Institute of Technology.



Not all international projects have gone smoothly, however. The Glasgow school opening came a few months before the Tisch School of the Arts, part of New York University, announced last November that it would shut its Singapore campus for financial reasons, after operating since 2007.



Still, local schools have been pushing ahead in recent years. The School of Art, Design and Media at Nanyang Technological University opened in 2005. It joined more established institutions like the LaSalle College of the Arts, which opened in 1984, and the
Nanyang Academy of Fine Arts
, founded in 1938, where Mr. Lee is now a third-year student in its diploma of fine art program.



NAFA has long had difficulty in drawing students to its fine art courses. The school accepts more than 700 students a year to study in areas like music and fashion design, but only 60 of them are in the fine art diploma program.



“Realistically, a diploma in fine art is not something that is easily monetized upon graduation,” said Samuel Lee, the school’s academic dean. But he noted that “times have changed and it’s quite heartening to see that we have now support from parents and students.”



Cultural education is also starting earlier. The state-funded School Of The Arts opened in 2008 as one of the few arts high schools in Asia. It started with 80 students a year and now admits 200.



“If you go to online forums, you’ll see parents asking if they need to send their kids to arts enrichment lessons to get in,” said Lim Geok Cheng, the principal.



Students at the School of the Arts are spared the local examination system and take the International Baccalaureate instead. “We don’t have to be so exam-obsessed, so it’s a more fertile environment for the arts,” Ms. Lim said.



There is also a greater concentration of specialized faculty.



“The idea of the practitioner is central to our philosophy,” said Kelly Tang, the dean for arts and a recipient of the Cultural Medallion, Singapore’s highest arts prize. “We have people who are very prominent artists teaching, so students interact with living artists all the time and see the process of creating art.”



Schools are also putting a greater effort into producing graduates with marketable skills. At Nanyang Academy, an illustrator might also learn digital animation, while students are encouraged to take on internships that provide work experience. The school also teaches accounting, event management and how to write business proposals.



“When I came to NAFA, I thought teaching was the only path afterwards,” said Crystal Fong, a 21-year-old student. “But after two years, I realized you could do a lot of other things.”



To promote its students, Nanyang Academy works with a company that connects alumni with corporations that want to commission artwork. The school also sells students’ sculptures and paintings in the campus store.



Nanyang Academy and LaSalle have produced artists like Ming Wong and Vincent Leow who have shown work in major overseas shows like the Venice Biennale. But for now, few local art school graduates have reached the leadership echelons of Singapore’s cultural institutions.



Art Stage Singapore is headed by Lorenzo Rudolf, the Swiss native who founded it. Eugene Tan, who started work this month as the new director of the planned National Art Gallery, is Singaporean, but was educated in Britain.



Singaporeans are also beginning to realize that art courses can benefit even those students who might not end up in a creative field.



“Singapore’s education system is very exam-based,” said Henry Lee, the chemical engineer-turned-art student. “But when we do art history and theory at NAFA, we are challenged to understand what is going on rather just on just memorizing events. They want us to process the facts and make it our own.”



“Our art teachers sit alongside and have regular discussions about the curriculum with teachers from other disciplines,” said Mr. Tang, the School of the Arts dean. “So when students look at the concept of space in art, there’s a link to the concept of density or height in physics. Through things like proportion ratios and how that works in music and dance, students are able to use art as a portal to learn.”



Mr. Tang said that the School of the Arts would be content so long as its students graduated with a well-rounded education.



“We’re more than just about filling symphony seats or galleries,” he said. “It’s about sending people that have flair and a sense of imagination to other aspects of society. To be relevant, an art school has to go beyond the concert hall and permeate a much larger sphere.”



Arts Education in Singapore Moves to Center Stage