Temasek Holdings Since 1 April 2004 As a Result of Government’S Incentive in Revamping the Local Armed Security Service Sector

Total Page:16

File Type:pdf, Size:1020Kb

Temasek Holdings Since 1 April 2004 As a Result of Government’S Incentive in Revamping the Local Armed Security Service Sector Major Companies Based in Singapore Authored by LENG KE The author doesn’t bear any responsibility for the accuracy of the information provided All rights reserved HP: 9621,7562 Email: [email protected] Singapore , a small Southeast Asia island with only 704 square kilometer’s area without any natural resources, constantly surprises the world with its excellent performance. With numbers of Singapore based companies ranks into the world’s top players in their respective fields, its ambitious merchant empire territory comes into form. Aetos Security Management • AETOS is a one-stop security service provider, which specializes in armed protection services for key installations and strategic industries, such as the airports, ports and key installations in the defense industry. • A fully owned subsidiary of Temasek Holdings since 1 April 2004 as a result of government’s incentive in revamping the local armed security service sector. Services Provided by Aetos Security Management • Professional Armed and Unarmed Security Services • Security management and alarm monitoring services through the state-of-the-art 24-hour Joint Operations Centre • Training and Consultancy Services • Provision, Customization, Commissioning and Maintenance of Integrated Security Systems Aspial Corporation • The only listed jewellery corporation specialized in contemporary fashion jewellery. • Owns the Aspial, Lee Hwa, Goldheart and Citigems brands • Lee Hwa (27 retail stores), Leader in contemporary jewellery. Specialized in Purplegold range of products as well as its Destinee series. • Goldheart (24 retail stores), offers a wide range of high quality jewelry pieces for the modern discerning consumer. High standard and forefront of fashion trend • Citigems, cheap, targets at younger adults and at cheaper prices Aurigin Technology • Aurigin Technology is in the business of design, development and manufacture of automation machines and manufacturing solutions for Advanced Semiconductor Packaging and Smart Labels / RFIDs as well as for new developmental products such as Optoelectronics, MEMS, Photonics industries etc. Bee Cheng Hiang • Produces Asian-style foodstuff, especially that of Singaporean Cuisine. Started in 1933 in Singapore. Now owns 28 outlets in Singapore and 48 outlets located in Malaysia, China, Hong Kong, Taiwan, Indonesia and Philippines. • Famous products, Bakkwa, Smoked and roasted strips of pork. BreadTalk • A listed bakery based in Singapore and was founded in April 2000. • Selling a wide range of bread, cakes, buns and pastries. • Currently has 24 outlets in Singapore, and more than 20 shops oversea • Signature food items are chicken and pork floss buns. • Distinct ‘see thru’ kitchens feature contribute to its fast growth and success. CapitaLand • Listed Southeast Asia’s largest property company. • Operates in Singapore, Malaysia, Japan, China, Thailand and India. • President and CEO Liew Mun Leong graduated from NUS civil engineering in 1970. Group structure • Real Estate • CaptiaLand Commercial and Integrated Development Limited • CapitaLand Residential • --Australand (listed, 53.3% ownership) • CapitaLand Retail Limited • Raffles Holdings (listed, 58.9% ownership) • Hospitality • The Ascott Group (listed, 67.9% ownership) • Financial Services • CapitaLand Financial • --CapitaMall Trust (listed, 33.9% ownership) • --CapitaCommercial Trust (listed, 37.4% ownership) Ascott Residence Trust (listed) Changi International Airport Services • CIAS was incorporated in December 1977 as an independent ground handling company providing professional ground handling services to a diverse clientele of 25 international airlines at Singapore Changi Airport. • In June, 2005, CIAS was bought by DNATA Group based in Dubai with Temasek Holdings remaining shareholding. Chartered Semiconductor Manufacturing • World’s fourth largest dedicated independent semiconductor foundry. • Listed on SGX and NASDAQ. • Offers leading-edge technologies down to 90 nanometer (nm), enabling today’s system-on-chip designs • Alliance with IBM, AMD, Infeneon, Samsung, Agere Systems. • Main operation in Woodland Industrial Park • Chartered's customer base is primarily high-growth, technologically advanced companies operating in the communication, computer and consumer sectors • Provide comprehensive wafer fabrication services and technologies to semiconductor suppliers and system companies. • Chartered’s strategy is based on open and comprehensive design enablement solutions, manufacturing enhancement methodologies, and a commitment to flexible sourcing. CISCO Security Private Limited • One of the three commercial security companies authorised to provide armed security officers • Fully-owned subsidiary of Temasek Holdings • An department of Singapore Police Force(SPF) branched out as the commercial and Industrial Security Corporation. City Developments Limited • Listed international property and hotel conglomerate involved in real estate development and investment, hotel ownership and management, as well as the provision of hospitality solutions. • Established in 1963, Singapore. • global presence in over 20 countries spanning Asia, Europe, North America and Australasia, CDL has more than 250 subsidiaries and associated companies together with 5 listed companies on notable stock exchanges. • CDL is one of the biggest commercial landlords in Singapore with almost 5 million square feet of lettable office, industrial, retail and residential space. • Millennium & Copthorne Hotels plc (M&C), the London-listed international hotel arm of CDL, is a dynamic hotel group that owns and operates over 110 hotels in 18 countries around the world ComfortDelGro Corporation Limited • The largest transport company in Singapore, as well as the second largest in the world • ComfortDelGro was formed on 29 March 2003 through the merger of two land transport giants - Comfort Group and DelGro Corporation. • with a fleet of 39,100 buses, taxis and rental vehicles. • Operate in Singapore, China, Malaysia,UK, Ireland, Australia, Vietnam. • overseas ventures account for up to 40% of the company's revenue • 75% ownership of SBS Transit with more than 2,700 buses on 204 routes • Owns 3 taxi companies in Singapore, fully owned Confort Transportation with 10,000 taxis. CityCab with 4,7000 cabs, Yellow-Top Taxis with 890 taxis. • In 2003 SBS transit started to run the the North East Line (NEL) of Singapore SMRT • Also run car rental, automotive engineering and vehicle inspection, outdoor advertising, car dealership. • ComfortDelGro Engineering handles more than 15,600 taxis, over 3,000 private passenger cars and 2,000 commercial vehicles every month. It is currently the authorised workshop for seventeen insurance companies in Singapore. • 500 public buses in Shanghai , 640 buses in Austrilia, 35% share of Scottish Citylink. • 7800 taxies in China, 4200 taxis in UK. Creative Technology Limited • Creative is the worldwide leader in digital entertainment products for the personal computer (PC) and the Internet. Creative was founded in Singapore in 1981 with the vision that multimedia would revolutionize the way people interact with their PCs. • Famous for its Sound Blaster sound cards ( commonly known as portable multimedia player) and for launching the multimedia revolution in 1989. Creative is now driving digital entertainment on the PC platform with products like its highly acclaimed ZEN line of digital audio players. • more than 5,000 employees worldwide. • CEO and Chairman Sim Wong Hoo. • The US subsidiary of the company is known as Creative Labs, Inc.; this name is commonly (but incorrectly) used to refer to the entire company. • Has labs in Europe and Asia as well. Creative's worldwide corporate headquarters, Creative Resource, is based in Singapore. Located within the International Business Park for high-tech industries in Singapore, • Creative has also gained some attention for a legal battle with media player rival Apple Inc in 2006. • Produces sound cards, gaming sound system, CD-ROM, Graphics card, web-cameras, digital audio players, optimal mice, keyboards. DBS Bank Limited • Set up in 1969 as development financing institution led by Singapore government. • Currently the Largest bank in Southeast Asia by assets and among the larger banks in Asia. DBS(HK) is the 5th largest in Hong Kong after merging Kwong On Bank in 1999 and Dao Heng Bank in 2001. • Operates in Singapore, China, Hong Kong, India, Indonisia, Japan, Malaysia, Myanmmar, South Korea, Taiwan, Thailand, UK, US. • Dominate consumer banking, treasury, and market, asset management, securities brokerage, equity and debt fund raising in Singapore and Hong Kong. • In 1998 merged POSB, giving it a dominant market share with over 4 million customers. Flextronics International Ltd • contract electronics maker which provides electronics manufacturing facilities to original equipment manufacturers (OEM) listed on NASDAQ • It also provides supporting supply chain services, including packaging and transportation throughout the world, as well as design and after-sales • Flextronics have manufacturing operations in over 30 countries, totaling approximately 15.8 million square feet • On 4th June 2007, Flextronics offered to purchase Solectron for US3.6b and thus making Solectron a subsidiary of Flextronics • 1969 - Founded in Silicon Valley as Flextronics Inc by Joe McKenzie. • 1980 - Sold to Bob Todd, Joe Sullivan, and Jack Watts as the new owners. Todd became CEO. • 1981 - Becomes the first U.S. manufacturer to go offshore by setting up a manufacturing
Recommended publications
  • Press Release
    PRESS RELEASE PRESS BOARD CHANGES AT ENERGY MARKET AUTHORITY (EMA), ENTERPRISE SINGAPORE (ESG), JTC CORPORATION (JTC) AND SENTOSA DEVELOPMENT CORPORATION (SDC) 1. The Ministry of Trade and Industry (MTI) today announced board changes at the Energy Market Authority (EMA), Enterprise Singapore (ESG), JTC Corporation (JTC) and Sentosa Development Corporation (SDC). These changes will take effect on 1 April 2021. EMA 2. MTI has appointed three new Members and re-appointed two Members to the Board of EMA: Appointment of New Board Members • Ms Lim Pek Suat Group Chief Financial Officer PSA International Pte Ltd • Mr Ngien Hoon Ping Chief Executive Officer, Supply Chain FairPrice Group • Mr Tan Chuan Thye, Senior Counsel Partner Rajah & Tann Singapore LLP Re-Appointment of Board Members • Professor Chua Kee Chaing Deputy President (Academic) & Provost Singapore Institute of Technology • Professor Liew Ah Choy Chief Executive Officer EquiVolt Pte Ltd Emeritus Professor, Department of Electrical & Computer Engineering National University of Singapore ESG 3. MTI has appointed one new Member, and re-appointed a Member in ex- officio capacity to the Board of ESG: 100 High Street, #09-01, The Treasury, Singapore 179434 T (65) 6225 9911 F (65) 6332 7260 www.mti.gov.sg PRESS RELEASE PRESS Appointment of New Board Member • Mr Lim Ming Yan Chairman Singapore Business Federation Chairman Workforce Singapore Re-appointment of Board Members • Mr Png Cheong Boon (ex-officio) Chief Executive Officer Enterprise Singapore JTC 4. MTI has appointed one new Member
    [Show full text]
  • Mr. Yuta Shigemura
    2016 EXCHANGE PROGRAM National University Of Singapore Yuta Shigemura - 2016年4月4日-4月29日 AT NATIONAL UNIVERSITY HOSPITAL 1 Report of training and studying in NUS period: from 4th April 2016 to 29th April 2016 department: Haematology I studied in National University of Singapore in April. I mention 4 things. Why I wanted to go NUS, What kind of training I did in NUS, How was my life after my duties, Can I recommend you to go NUS First, Singapore is Island nation and city-state in Southeast Asia. Singapore is located in southern tip in Malay peninsula, 137km north of equator. Singapore is famous for their human resource development and is top-rated country about their education, economic competitiveness and medical system (by wikipedia) AT NATIONAL UNIVERSITY HOSPITAL 2 Why I wanted to go NUS I wanted go to Singapore because it is summer always in Singapore(I like summer), and I heard that Singapore is very clean and safety nation. I wanted to go NUS because NUS is one of the top-rated university in the world. What kind of training I did in NUS I studied in Haematology for 4weeks. It is most common among the elective student that studying for 2 weeks in one department. But I think 4 weeks is very good period for me because I need 2weeks to get used my surroundings. First, we go hospital from Monday to Friday. Monday, Tuesday, Wednesday is very similar days. I mention my Monday in a day. morning round in Ward One group consist of 3members.(consultant,registrar, MO) we start from W56, and at the end of round we go to ICU.
    [Show full text]
  • City Escapes
    AN EXCLUSIVE FLIGHT CENTRE COLLECTION CITY ESCAPES Our best city breaks packaged all in one place Featuring Hong Kong, Singapore, Bangkok, Auckland, Christchurch, Queenstown, Sydney & Melbourne TIME FOR fun! Take in all the sights and excitement of some of our favourite cities - minus the stress - with our Flight Centre Collection City Escapes. From A to S (Auckland to Sydney, that is) , our City Escapes provide the perfect short break in a vibrant metropolis either in Australia or overseas. You could watch the nightly Victoria Harbour light show from a sky-high Hong Kong bar or enjoying the great outdoors and lively atmosphere in picturesque Queenstown – your City Escape is full of exciting possibilities. A Flight Centre Collection City Escape is an opportunity to leave your cares behind. Our easy, hand-picked packages take care of all your flights, hotels, transfers and experiences, so all you have to do is enjoy all your chosen destination has to offer. Choose your airline, hotel and up to two preferred tours from a choice of five, and we’ll take care of all the details. With popular city destinations in Asia, Australia and New Zealand such as Auckland, Bangkok, Christchurch, Hong Kong, Melbourne, Queenstown, Singapore and Sydney to choose from, we’ve selected our tried-and-tested hotels and experiences to ensure you enjoy your stress-free Flight Centre Collection City Escape, any time. Each city location is renowned for its iconic sights, shopping opportunities, cultural experiences, nightlife options or must-do activities, ranging from wine tasting to wilderness experiences. From buzzing metropolises in Asia to popular capitals in Australia and fun-filled hotspots in New Zealand, a Flight Centre Collection City Escape is just what you need for a stress- free getaway.
    [Show full text]
  • Food Technology – Sch1609
    SCHOOL OF BIO AND CHEMICAL DEPARTMENT OF CHEMICAL ENGINEERING UNIT – I – FOOD TECHNOLOGY – SCH1609 FOOD PROCESS ENGINEERING-FUNDAMENTALS Food processing is seasonal in nature, both in terms of demand for products and availability of raw materials. Most crops have well established harvest times – for example the sugar beet season lasts for only a few months of the year in the UK, so beet sugar production is confined to the autumn and winter, yet demand for sugar is continuous throughout the year. Even in the case of raw materials which are available throughout the year, such as milk, there are established peaks and troughs in volume of production, as well as variation in chemical composition. Availability may also be determined by less predictable factors, such as weather conditions, which may affect yields, or limit harvesting. In other cases demand is seasonal, for example ice cream or salads are in greater demand in the summer, whereas other foods are traditionally eaten in the winter months, or even at more specific times, such as Christmas or Easter. In an ideal world, food processors would like a continuous supply of raw materials, whose composition and quality are constant, and whose prices are predictable. Of course this is usually impossible to achieve. In practice, processors contract ahead with growers to synchronise their needs with raw material production. The basic physical characteristics of foodsand food products Since the physical characteristics of plant and animal food materials affect how they are to be processed, handled, stored, and consumed, knowledge of these characteristics are important to engineers, processors and food scientists, plant and animal breeders, and other scientists.
    [Show full text]
  • Reshaping Our Portfolio
    TEMASEK REVIEW 2005 RESHAPING OUR PORTFOLIO RESHAPING OUR PORTFOLIO TEMASEK REVIEW 2005 * CCurrencyurrency iinn SS$,$, uunlessnless ootherwisetherwise sstatedtated **** FFYY 22004004 rrefersefers ttoo ffinancialinancial yyearear eendednded 3311 MMarcharch 22005005 aandnd ssimilarlyimilarly fforor FFYY 22003,003, FFYY 2200002 aandnd FFYY 22001001 MISSION STATEMENT 02 CORPORATE PROFILE 03 OUR PORTFOLIO 04 WEALTH ADDED 06 TOTAL SHAREHOLDER’S RETURN 07 MESSAGE FROM CHAIRMAN 08 GROUP FINANCIAL SUMMARY 15 TEMASEK HIGHLIGHTS 22 RISK MANAGEMENT 36 CORPORATE GOVERNANCE 40 BOARD OF DIRECTORS 49 SENIOR MANAGEMENT 53 TEMASEK ADVISORY PANEL 54 TEMASEK INTERNATIONAL PANEL 55 OUR PEOPLE, OUR VALUES 56 MAJOR TEMASEK-LINKED COMPANIES 59 TEMASEK OFFICES 87 TEMASEK REVIEW 20 05 CONTENTS 2 TEMASEK REVIEW 2005 MISSION STATEMENT TO CREATE AND MAXIMISE LONG-TERM SHAREHOLDER VALUE AS AN ACTIVE INVESTOR AND SHAREHOLDER OF SUCCESSFUL ENTERPRISES CORPORATE PROFILE 3 CORPORATE PROFILE BUILDING A VIABLE FUTURE THROUGH SUSTAINABLE VALUE emasek Holdings is an Asia T investment company headquartered in Singapore. We are an active shareholder and investor. We manage our investments with the aim of creating and maximising sustainable value for our shareholder. Established in 1974, we manage a diversified global portfolio of S$103 billion, principally in Singapore, Asia and the OECD economies. Our investments are in various industries: telecommunications and media, financial services, property, transportation and logistics, energy and resources, Examples of Singapore-based companies infrastructure, engineering and technology, as in our portfolio are Singapore Airlines, well as pharmaceuticals and biosciences. Singapore Telecommunications, DBS Bank and Neptune Orient Lines. Industrial stalwarts Our total shareholder’s return since inception include Singapore Technologies Engineering, is 18% compounded annually.
    [Show full text]
  • Shaping the Future How Olam Is Driving Sustainable Growth While Solving for Risk
    Olam International Limited Annual Report 2012 Seeing the Big Picture Shaping Addressing the global supply demand imbalance the Future in the agri-complex How Olam is driving Empowering Our People sustainable growth Leveraging our strengths by Olam International Limited developing global leaders 9 Temasek Boulevard while solving for risk 11-02 Suntec Tower Two Singapore 038989 Growing Responsibly Telephone (65) 6339 4100 Improving small-scale Facsimile (65) 6339 9755 farmer incomes & livelihoods www.olamonline.com Olam is a custodian of our investors’ resources so we need to show how we are growing these resources responsibly, Shaping The Future - CEO and Executive Directors’ Dialogue Pg 14 for profit and for the benefit of all our stakeholders Midstream - Addressing Global Needs Pg 42 CR&S - Supporting Rural Livelihoods Pg 50 Our People - Growing Global Leaders Pg 54 Olam is helping shape the future of agri-commodities by partnering with farmers worldwide to bring new resources into play. Contents 02 Performance Overview 04 Performance Analysis 06 Financial Summary 07 Financial Highlights 08 Chairman’s Statement 10 Board of Directors 14 CEO and Executive Directors’ Dialogue CEO Sunny Verghese and Executive Directors Sridhar Krishnan and A. Shekhar discuss Olam’s approach to sustainable long-term growth 28 Executive Committee 30 Global Presence 32 Business Review Senior managers discuss what is driving global growth in the agri-businesses sector 34 Upstream 38 Origination Coffee in Brazil 42 Midstream 46 New Growth 50 Corporate Responsibility Embracing Change & Sustainability Implementing processes to deliver Change is an inherent and accelerating The foundation of our strategy was laid sustainable products across all factor in today’s business.
    [Show full text]
  • Chinese Ethnic Branding Strategies and the Roles of Language in the Movie Crazy Rich Asians
    PLAGIAT MERUPAKAN TINDAKAN TIDAK TERPUJI CHINESE ETHNIC BRANDING STRATEGIES AND THE ROLES OF LANGUAGE IN THE MOVIE CRAZY RICH ASIANS A Thesis Presented to The Graduate Program in English Language Studies in Partial Fulfillment of the Requirements for the Degree of Magister Humaniora (M.Hum) in English Language Studies By Fennie Karline Rosario Tenau Student Number: 186332004 THE GRADUATE PROGRAM OF ENGLISH LANGUAGE STUDIES SANATA DHARMA UNIVERSITY YOGYAKARTA 2020 i PLAGIAT MERUPAKAN TINDAKAN TIDAK TERPUJI “ He has made everything beautiful in its time. He has also set eternity in the human heart, yet no one can find out what God has done from beginning to end.” - Ecclesiastes 3:11- I dedicated this Thesis to My angel mother, Margaretha Warayaan. iv PLAGIAT MERUPAKAN TINDAKAN TIDAK TERPUJI ABSTRACT Tenau, Fennie Karline Rosario. 2020. Chinese Ethnic Branding Strategies and The Roles of Language in The Movie Crazy Rich Asians. Yogyakarta: English Language Studies. Graduate Program. Sanata Dharma University. Chinese attempt to show their existence in the world‘s eyes can be seen in their branding. Branding is important in the aspect of ethnicity because it creates certain assumptions about an ethnic group. They try to show their identity by using several strategies both in explicit and implicit ways. However, Chinese themselves barely participate in Hollywood movies as the main characters. Crazy Rich Asians then appears as a movie that highlights the real-life portrayal of Chinese and diaspora in real life. Much of the plot conflict focuses on the Eastern- educated family welcoming Rachel, a Chinese-American as a part of them. Most of the main characters classify themselves as culturally Chinese, so they are playing Chinese ethnicity characters.
    [Show full text]
  • Other Information Interested Person Transactions 217
    OTHER INFORMATION INTERESTED PERSON TRANSACTIONS 217 The Group has obtained a general mandate from shareholders of the Company for interested person transactions in the Annual General Meeting held on 2 June 2020. During the financial year, the following interested person transactions were entered into by the Group: Aggregate value of all interested person Aggregate value of all transactions during interested person the financial year transactions conducted under review (excluding under a shareholders’ transactions less than mandate pursuant $100,000 and transactions to Rule 920 of the conducted under SGX Listing Manual shareholders’ mandate (excluding transactions Name of Interested Person Nature of relationship pursuant to Rule 920) less than $100,000) 2020 2020 $’000 $’000 Transaction for the Sale of Goods and Services Temasek Holdings Group (other than the below) Temasek Holdings – 5,802 PSA International Group (Private) Limited is a – 1,986 SembCorp Marine Group controlling shareholder – 4,732 SembCorp Industries Group of the Company. – 88 CapitaLand Group The other named – 122,968 Singapore Power Group interested persons are – 297 Singapore Technologies Engineering Group its associates. – 2,597 Singapore Telecommunications Group – 8,735 Singapore Airlines Group – 168 Mapletree Investments Group – 7,800 Keppel Infrastructure Trust Group – 57,701 Pavilion Energy Group – 63 Certis CISCO Security Group – 1 SMRT Corporation Group – 1 Transaction for the Purchase of Goods and Services Temasek Holdings Group (other than the below) Temasek Holdings – 27,733 Certis CISCO Security Group (Private) Limited is a – 2,118 Pavilion Energy Group controlling shareholder – 55,000 PSA International Group of the Company. – 219 SembCorp Marine Group The other named – 698 SembCorp Industries Group interested persons are – 82 CapitaLand Group its associates.
    [Show full text]
  • 4 Day Singapore Short Break 3
    4 DAY SINGAPORE SHORT BREAK TOPDECKER, meet Asia (LAC) TRIP CODE: ABSLSS-0 Have yourself a Singapore fling in this four-day adventure in the city where hawker food reigns supreme and green spaces mix with towering skyscrapers. Let's go! WORTH NOTING… These packages are unguided meaning you will not be accompanied by a Trip Leader. Included activities are not restricted to 18-39s. WHAT YOU NEED TO KNOW 3 Short Breaks Nights Android/iPhone This is a principal app download package. info HI, and thanks for choosing to holiday with Topdeck You can rest assured that we’ll pull out all the stops to make your trip unforgettable. Now it’s time to get excited about your holiday... ON THE BUCKET LIST (INCLUDED) ABOUT YOUR TRIP NOTES + Taste of Chinatown street eats tour. + Half-day city highlights tour. These Trip Notes contain everything you need to know before your trip departs – including where to meet and what to bring. We recommend that you read these notes thoroughly so you know MORE INCLUSIONS what to expect on your trip of a lifetime. Also, you can easily + Transfer from airport to hotel download and print this document off so you can bring it with you + Half-day city highlights tour when you travel. + Chinatown street eats tour Please bear in mind that some points should be taken as a guide + Transfer from hotel to airport only – after all, everyone’s different! For example, daily spending money and clothing lists can vary from one person to the next, so don't be alarmed if you don't expect to spend (or even wear) so much! PLEASE NOTE: We strongly urge you to refresh this document as close to the time of your departure as possible to ensure you have the most up-to-date accommodation list and information available.
    [Show full text]
  • A Sweet Success: UK Confectionery Category Report
    A sweet success: UK Confectionery Category Report December 2019 The sweets and chocolate category growth is driven by innovation THE UK SWEETS AND CHOCOLATE CATEGORIES ARE BOTH SHOWING VALUE GROWTH AS CONSUMERS ARE WILLING TO PAY MORE FOR A SPECIAL TREAT Within the sweets and chocolate confectionery sector, NPD with unique USPs appeal to shoppers. Innovation is key for success within the category, whether different formats, textures and flavours help to differentiate from competitors, or going down the health, premium or ethical route, there are plenty of opportunities for businesses to capitalise on. The ‘less but better’ trend is seen within the wider food and drink market, including the sweets and chocolate market. Consumers attitudes towards sweets and chocolates are changing and they demand more high-quality products that promote more than just a good tasting treat. An ethical and sustainable supply chain is high on the agenda. Also, consumers enjoy consuming sweets and chocolates as an indulgent treat and increasingly choose more premium products and something special to cheer themselves up. Flavour innovation in the chocolate sector is booming and keeps the shopper interested. The UK sugar sweets market is currently worth £897.9m and is up +2.7% Innovation is driving growth in the category Retail value sales of the sugar sweets category - 52 w/e 16 June 19 YoY % Fruit sweets £482.2m +3.9% The average price of the Candy £209.1m +2.8% Value sugar confectionery £897.9m sector is up +1.4%. Consumers are looking Mints £124.8m +1.2% +2.7% for something new and exciting in the category and are willing to pay +1.3% more for a special treat Toffees £58.4m Liquorice £23.5m -7.9% The sugar-free category is currently worth £59m, up £10m compared to two years ago, whilst reduced sugar sweets account for £5m The category’s success is driven by innovation.
    [Show full text]
  • Icon of Our Times the Taste of Our Bakkwa Is Complex with a Rich Hint of Barbecue Aroma That Will Linger on the Palate
    BEE CHENG HIANG Icon of Our Times The taste of our bakkwa is complex with a rich hint of barbecue aroma that will linger on the palate. This will never change, says its Director of BCHHK, Wong Ka Lit, Ivan. t was 1933 when an enterpris- tion facilities. This leap in productivity ing migrant developed an idea has ensured that the increasing demands to peddle his mobile cart along from our customers are well catered for, the street of Chinatown to sell explains Wong. his unique and tasty homemade “Our success rests on our exacting barbecued meat. production of our quality product and Business was especially brisk during high standards of hygiene. Our Bakkwa festive seasons for this high quality earns its immense popularity because we delicacy which Teo Swee Ee introduced are able to preserve the traditional flavor as…‘Bakkwa’. whilst employing advance technology. “With over 80 years of commit- so we make it fresh every day as an Our production process has been ment under our belt, our value remains unwavering commitment to our custom- awarded the ISO9001 certificate and we unchanged. We believe in delivering the ers. are also HACCP certified. To cater to an finest to our customers and their loved The taste of our bakkwa is complex increasing global demand, we have also ones and for them to experience enjoy- with a rich hint of barbecue aroma that set up production facilities in Malaysia, able moments in life through the sharing will linger on the palate. This will never China and South Korea. of our products,” says Ivan Wong, Direc- change,” says Wong.
    [Show full text]
  • News Release
    NEWS RELEASE SINGAPORE, 8 AUGUST 2018 CRIMSONLOGIC EMBARKS ON NEXT GROWTH PHASE PSA BECOMES MAJORITY SHAREHOLDER Following its acquisition of shares from Singapore Telecommunications Limited and Civil Aviation Authority of Singapore earlier this year, PSA International Pte Ltd (“PSA”), an existing shareholder of CrimsonLogic Pte Ltd (“CrimsonLogic”), has taken majority control through an additional subscription of shares and share purchase from Enterprise Singapore Holdings Pte Ltd. With the completion of transaction, PSA now holds 70% of CrimsonLogic, with Enterprise Singapore Holdings retaining 30% of shares. Enterprise Singapore Holdings is a 100% wholly- owned subsidiary of Enterprise Singapore. Alongside the PSA global network, CrimsonLogic with its extensive experience in facilitating trade and cross-border regulatory transactions will provide the digital layer supporting a fully integrated physical-regulatory-financing logistics execution in the global supply chain. CrimsonLogic will also be able to tap the commercial acumen and resources of the PSA group to invest and further strengthen its business positions in emerging and key strategic markets globally. Mr Tan Chong Meng, Group CEO of PSA, said, “We look forward to supporting CrimsonLogic’s new phase of growth as a world-class company at the forefront of revolutionising next- generation B2B and B2G integrated trade facilitation platforms. In alignment with our partner Enterprise Singapore, we aim to work with associated government agencies, cargo owners, logistics service providers
    [Show full text]