Business

AprilDrill: Benjamin Tan Ching Wei – General Manager (Tanjong Puteri Golf Resort) 1

Benjamin Tan has over 27 years of experience in golf resort & country club management and 12 years’ experience in senior management positions. Experienced in managing sizable projects, Benjamin has spearheaded the renovation and construction of 2 golf courses and clubhouse projects. Having managed both member and proprietor club, his knowledge of golfing and hospitality industry is evident with Tanjong Puteri undergoing refurbishments and emerging as a renewed competitor in

Accumulating Wealth 20

Time to Hold More Cash So far, 2018 has been a bumpy year for the stock market. Since the correction started in February 2018, the Dow Jones Index (DJI) rebound back to an optimistic 25000 above. However, it did not last long before it came down to form a second bottom at around 24000. When everyone was about to relax, President Trump announced the 25% and 10% tariffs for steel

Accumulating Wealth 20

Five Things to Do During a Correction My friend always said, “The stock market is like a box of chocolates. You never know what you’re gonna get.” Sure enough, when the US stock market started breaking new highs in January 2018, the Dow Jones Index plunged 660 points on 2nd February, followed by another fall of 1175 points the next day, signifying the beginning of a correction. A correction is

March Drill: Rayan Charles Komatt – General Manager (Thistle Johor Bahru) 3

As the General Manager of Thistle Johor Bahru, Rayan is responsible for the operations and financial profitability of the hotel. Highly accountable for the company’s business and revenue, Rayan works closely with his sales and operations’ teams to implement marketing strategies and ensure operational objectives and profitability are strategically and creatively attained. With 33 years of experience entrenched in the hospitality industry of both resorts and business hotels, Rayan has

Export Tax Freeze to Support Malaysian Palm Oil Industry

On 8th January 2018, the government suspended export taxes on crude palm oil (CPO) for three months, a move Mah Siew Keong, the Minister of Plantation Industries and Commodities, described as a short-term, pre-emptive step to increase the product’s competitiveness in global markets. Export duties are imposed on all palm oil exports above RM2250 ($568) per tonne at a rate determined by a monthly reference price. The January reference price

Accumulating Wealth 17

A Hopeful 2018 As we ushered into the Year 2018, many may have felt the market sentiment has turned positive. The Dow Jones, S&P and Nasdaq indexes kept breaking new highs, while the European and Asian stock market indexes have showed that the bull is in control. In addition, the oil price, one of the most important elements to influence the stock market, stood above US$64 per barrel at the

Channel NewsAsia presents: Looking Ahead 2

Channel NewsAsia presents: Looking Ahead (Two episodes) Premieres Wednesday, 7th February 2018 Wednesday, 7th and 14th February: 8.00pm (SIN/KL/MNL) Watch it online from 7th February, 8pm: www.channelnewsasia.com/looking-ahead LOOKING AHEAD: The world is changing fast and keeping up takes foresight and planning. In Singapore, what is being done to ensure that we stay relevant when it comes to global competitiveness? What about making the everyday lives of our citizens smooth and

February Drill: Robert Marek – General Manager (Leisure Farm Resort)

Former hotel General Manager with 20 years of experience in the hospitality industry, Robert’s last posting was as the Director of Operations at a 5-star rated Conrad Hong Kong. Robert was then roped in to become the General Manager of Mulpha International Bhd’s Leisure Farm in November 2013 to raise the level of service and comfort offered to residents. The development is a luxurious integrated strata township that boasts lush

Iskandar Malaysia Recorded RM237.26 billion Cumulative Committed Investments

Iskandar Regional Development Authority (IRDA) announced that Iskandar Malaysia had recorded total cumulative committed investments of RM244.46 billion from 2006 until end September 2017. Of this total, 54% or RM131.09 billion represent investments that have been realised. To date, local investors had contributed RM149 billion (61%) to the total cumulative committed investments while the balance RM95 billion (39%) were contributed by foreign investors. Datuk Ismail Ibrahim, Chief Executive of IRDA

January Drill: Bob Muhamad Buhari Yusof – Residence Manager (Somerset Puteri Harbour Iskandar Puteri) 3

Somerset Puteri Harbour Iskandar Puteri was opened in February 2014 and features 204 units of luxury range of serviced apartments with hotel like services. Located at the very heart of Iskandar Puteri, Johor, the property is part of a development which also comprise of an integrated waterfront and marina, attracting a pool of significant investments. Hailing from Karak, Pahang is Muhamad Buhari Yusof, the Residence Manager of Somerset Puteri Harbour