38 Press Holdings Annual Report 2015 CEO’s Overview of Group Operations

Chan Heng Loon, Alan Chief Executive Officer Annual Report 2015 39

At the operating level, group recurring earnings of $353.5 million was $4.5 million or 1.3 per cent better than FY2014. This was a creditable achievement.

While total revenue of $1,204.7 million was $26.4 million or 2.1 per cent lower than FY2014, total operating expenditure declined by a larger $30.9 million or 3.5 per cent year-on-year due to effective cost management.

2015 has been a special year for While total revenue of Singapore as we celebrated the $1,204.7 million was $26.4 million Golden Jubilee of the nation’s or 2.1 per cent lower than FY2014, independence. We also mourned total operating expenditure the passing of our founding Prime declined by a larger $30.9 million Minister on 23 March. or 3.5 per cent year-on-year due to effective cost management. It has also been a year marred by adverse global events - economic Revenue for the core Media business slowdown, political uncertainty, continued to come under pressure. terrorism and military conflicts It was lower by $60.9 million or - all of which contributed to the 6.3 per cent compared to the challenges confronting the previous year, primarily due to a media industry. $53.7 million or 7.4 per cent fall in advertisement revenue. The Group’s net profit attributable to shareholders was $321.7 million, Our diversification into the Property down $82.6 million or 20.4 per cent segment since we bought Paragon compared to FY2014. But this was in 1997 has yielded good results. mainly due to a lower fair value gain Property revenue surged by on investment properties, and the $25.8 million or 12.6 per cent one-off gain in the previous year boosted by a maiden contribution from a partial divestment. from The and higher rental income from Paragon and At the operating level, group The . recurring earnings of $353.5 million was $4.5 million or 1.3 per cent Revenue from the Group’s other better than FY2014. This was a businesses fell $3.0 million or creditable achievement. 6.4 per cent against FY2014, as revenue for the exhibitions business was affected by timing differences in show dates. 40 Singapore Press Holdings Annual Report 2015 CEO’s Overview of Group Operations

Newspapers of its Facebook, Twitter and Pinterest BT continued to champion business Our two newspaper divisions offerings. More e-books were excellence with its well-established were reorganised and renamed launched for ST readers as part of its awards. BT also co-hosted the from 1 January 2015 to reflect the Star (ST Appreciates Readers) app. 10th ChildAid Concert with ST in transformation of our newsrooms December 2014. It raised a record into integrated (print plus digital) There were also many events to $2.33 million for the BT Budding operations and to promote synergy engage ST’s readers, such as a multi- Artists Fund and ST School Pocket with our media-related subsidiaries. media exhibition at the ArtScience Money Fund. Museum in Marina Bay Sands, The English & Malay Newspapers entitled “Singapore STories: Then, (TNP) revamped its Division was renamed English/ Now, Tomorrow” and a concert by Sunday edition in November 2014, Malay/Tamil Media group (EMTMG) the Singapore Symphony Orchestra adding new sections. TNP affirmed while the Chinese Newspapers at the Singapore Botanic Gardens, its position as the number 1 sports Division was renamed the Chinese under the SPH Gift of Music series. newspaper by securing a partnership Media group (CMG). with Sports Singapore to become On 7 August, the Sports Hub the official paper of the SEA Games (ST), SPH’s English- attracted an audience of 42,000 which returned to Singapore in 2015 language flagship daily founded in people for the Sing50 Concert after a 22-year long hiatus. TNP was 1845, celebrated its 170th anniversary. extravaganza – a two-and-a-half distributed at all event venues It remained the best-read publication hour pop concert jointly organised and hotels where athletes and in Singapore with a combined by ST and The Business Times that officials stayed. print and digital readership of brought together home-grown and 1.34 million, based on the Nielsen international stars and featured Berita Harian (BH), the Group’s Media Index Report 2014. songs from different genres and Malay-language newspaper, This translates to a penetration communities. implemented several initiatives of 32.4 per cent of Singapore’s to streamline its operations and multilingual population aged 15 IN, ST’s weekly publication for develop new revenue streams. and older. secondary school students, sold In July 2015, the newspaper launched 1.96 million copies to 70 schools, a new version of its mobile apps and Readership for the paper’s digital compared with 1.90 million copies e-newsletter. The team also reached editions grew by 76 per cent last year, a 3 per cent increase. out to pre-school children through compared to the same period last year. Little Red Dot (LRD), for primary its monthly bilingual magazine This more than offset a 2.7 percentage school pupils, sold 1.49 million called Cilik Cerdik/Smart Kids. point drop in its print readership. copies to 124 schools. In addition, The newspaper successfully there was a special Jubilee edition organised a futsal tournament On 1 July, ST launched a major which netted 199,000 copies for in May 2015 which attracted revamp of its products across all its IN and 100,000 copies for LRD. overwhelming response from platforms, as part of its anniversary participants and sponsors. celebrations. It also moved to a In a year of market volatility, metered paywall, which gives The Business Times (BT) maintained BH honoured excellence in the non-subscribers a limited monthly its total print plus digital circulation community through its Achiever offering of free articles to read in full at 47,700. In October 2014, of the Year award and Inspiring and to share on social media. BT relaunched its print and digital Young Achiever Award. This year, platforms, with a responsive in conjunction with SG50, ST expanded its digital offerings, website, complemented by it presented Pioneer Achiever adding a new evening daily email improved apps. BT now caters to Awards to three pioneer newsletter and expanding the number an increasingly mobile readership generation achievers. of platforms to include Instagram, and has boosted the value of its Whatsapp and the Apple Watch, on top All-in-One subscription bundle.

42 Singapore Press Holdings Annual Report 2015 CEO’s Overview of Group Operations

Tamil Murasu (TM) celebrated its November 2014. It is a 3-minute news seven-day state funeral of founding 80th anniversary on 6 July 2015 programme where headline news of Prime Minister Lee Kuan Yew on with record growth in advertising the day is summed up in two to three 1 August 2015. In conjunction revenue and profit. It supported a keywords in Chinese. ZB was also with the exhibition, WB published play called "Murasu", based on the the first Chinese newspaper in Asia to a commemorative booklet, “Those life of its founder G. Sarangapany, create and launch an app for the Apple Seven Days: Lee Kuan Yew and Us”, which was well-received by the Watch. The new app, which debuted in which sold over 120,000 copies. Indian community. TM and tabla!, July 2015, allows Apple Watch users the weekly English-language to access breaking news from ZB. Since the inception of the freesheet for the Indian disapora, “Reading with the Elderly” organised the fourth Singapore CMG and the People’s Association programme a year ago, ZB and WB Indian International Shopping jointly organised the SG50 Sing-Along extended their community outreach Festival at Suntec City in September to commemorate Singapore’s Golden to more locations. At the weekly 2014 which coincided with the tabla! Jubilee, graced by Prime Minister gatherings, journalists or trained Community Champion award. . It celebrated volunteers, including teachers from the spirit of Singapore through a CHIJ St Nicholas Girls’ School, Our flagship Chinese-language daily collective memory of popular local presented senior citizens with news (ZB) launched its songs from the 1950s till now. stories from the Chinese newspapers latest new website, "Z-Politics" (早报 while explaining their significance. 政谈), in August 2015 dedicated It also produced an 8-episode to the coverage of local political Chinese talk show programme entitled Complementing its "Refuel Towkay!" news. This followed the launch of its “Ministerial Coffee Talk” that was aired Weekly column on interviews with Property website, "Z-Property" (早房) on SPH media platforms including businessmen from micro, small and which made its debut in May 2015, radio and online as well as on StarHub medium enterprises, WB ran a series and its lifestyle website, "Z-Style", TV in August 2015. The series served of well-attended talks featuring launched in December 2014. as a prelude to the General Elections professionals from different fields who and was well-received. shared their personal experience, The online portal, Zaobao.com, professional insights, market trends celebrated its 20th anniversary ZB’s student papers – zbComma, and knowledge with readers. in 2015. To commemorate the , Thumbs Up Junior, occasion, it held a series of initiatives Thumbs Up Little Junior – (SM) celebrated to promote engagement with its organised a broad range of activities Singapore’s Golden Jubilee with users on its digital platforms. to strengthen engagement with special events to engage its This culminated in gala dinners students, parents and teachers. 442,000-strong readership. organised in Singapore and Beijing. New activities introduced this year These included the inaugural "Shin included the Chinese Nursery Rhyme Min All Wheels Day" and the "Shin Min On the social media front, ZB grew its Writing Competition, a Chinese Graceful Living Workshop". presence in Facebook and WeChat. Preschool Teachers’ Seminar and a Apart from “Zaobao Online” (联合 Student Workshop on Chinese Culture More than 85,000 copies of the 早报网), it launched six informative for P2 to P6 students. It also published "Master Hsing Yun – Words of WeChat channels in February 2015. a Chinese “O” Level Oral Examination Wisdom" books published by SM have These six WeChat channels provided guidebook which was well-received been sold to date, making it one of the readers’ access to lifestyle information by students and teachers. best-selling Chinese book series here. relevant to their needs covering travel, A pocket book edition of "Master Hsing education and finance, among others. (WB) launched Yun – Words of Wisdom 1", released a travelling pictorial exhibition on 19 August 2015, sold 30,000 ZB started a new online TV news “Memory in Prints: Lee Kuan Yew copies within a week, further testifying programme “ZB Keywords” (关键词) in and Us” featuring photos of the to the enduring popularity of the series.

44 Singapore Press Holdings Annual Report 2015 CEO’s Overview of Group Operations

Marketing To better connect with our ST and The Sunday Times registered The newspaper advertising business advertisers, we enhanced our a year-on-year growth of 4.9 per cent has been facing stiff challenges ad booking network with media to 481,700 daily average circulation in recent years due to a double agencies, allowing advertisers to copies, with its paid digital edition whammy of weak economic book ads and run their campaigns ending the year at 177,400 copies, a conditions and regulatory measures with SPH efficiently. We are also growth of 18.6 per cent. ZB achieved which have dampened consumer developing online platforms to a year-on-year growth of 2.5 per cent sentiments. allow readers and small businesses to 187,900 daily average copies, to place ads directly. This is an with paid digital edition at 39,300 To bring better value to our extension of the current online copies, a growth of 18.0 per cent. advertisers, the Marketing Division portal which allows readers to book came up with new print packages obituary notices in ST and BH. ST and ZB published special editions for our newspapers. This effort led on the life and work of Singapore’s to increased sales in our regular The Straits Times Classified App founding Prime Minister, Mr Lee Kuan supplements and events which which was developed in-house Yew, on 23 May 2015. The special saw double-digit growth. We also enabled readers to search and editions sold more than 150,000 introduced the first 8-page gatefold share advertisements or contact copies each. advertisement – the result of print the advertisers directly. In July innovation by our Production team. 2015, this app became the first SPH In order to meet readers’ demand technology to be awarded a patent for newspaper content, Circulation The Integrated Sales team provided by the Intellectual Property Office of launched a series of localised a suite of multimedia platforms for Singapore and was also accorded subscription drives at more than clients, while Print Classified offered the Best Innovation for Advertising 40 sites, covering public and private multimedia solutions to smaller Award at the Singapore Business housing. The campaigns generated advertisers. For example, it helped Review Listed Companies Award. positive response, securing a total property agents host their ads on of 600 subscriptions. digital outdoor screens as well as Circulation on the online property portal of our SPH’s print circulation business The SPH Rewards programme, subsidiary company SRX. Its new continued to face unrelenting created to reward direct subscribers Classified pages included more challenges from the popularity of with a broad range of lifestyle consumer-centric content and bigger digital offerings. With the growing promotions across different font sizes for easier reading. presence of digital media permeating categories, garnered good response. the newspaper industry, the Group SPH’s signature car show - enhanced its own efforts in the digital Amidst the tough retail environment, the Cars@Expo - grew its revenue space with the aim of boosting its our retail convenience chain from ads and booth sales from about total print plus digital audience. SPH Buzz maintained its network $670,000 in 2014 to $1.68 million size of 78 outlets. The complete in 2015. This success led to an Total newspaper circulation, inclusive roll-out of its Point-of-Sale system unprecedented second car show that of both print and digital editions, has paved the way for more will be held in November 2015. ended FY2015 with 1,113,879 promotions and collaborations daily average copies, a robust with partners. To cater to changing year-on-year growth of 4.3 per cent, consumer buying habits, bolstered by increased demand Buzz introduced parcel collection among readers for our digital products. services for online purchases.

46 Singapore Press Holdings Annual Report 2015 CEO’s Overview of Group Operations

Magazines bagged the Luxury Media of the Year The advertising team is actively Like magazine publishers around the from the Media Publishers Association using programmatic sales channels world, SPH Magazines has embarked of Singapore. to supplement on-ground on its digital transformation. Its 90 sales efforts, strengthening its digital editions across five countries The top-of-mind visibility of our presence in automated marketplaces were built on the strong following magazine titles also extends to where digital agencies and of its established print editions their online properties. According advertisers are already spending which held leading positions in to Marketing Magazine’s Digital portions of their advertising budgets. their respective genres. These Media of the Year rankings, tablet magazines re-captured the advertisers voted Men’s Health Mobile is an integral platform for imagination of readers by (www.menshealth.com.sg), women’s publishers to deliver content to re-defining and refreshing the lifestyle network herworldPLUS its users. Straitstimes.com, magazine experience through (www.herworldplus.com) and Zaobao.com, Businesstimes.com videos and photo galleries. HardwareZone (www.hardwarezone.com) and focused on delivering as their top media platforms in the mobile friendly interfaces for readers Collectively, they amassed a new Men’s, Women’s and Tech categories navigating to the websites through digital audience of more than respectively. These sites also their browsers, and improving the 500,000 which became a premium consistently outdo their competitors, mobile apps for those who prefer a inventory for advertisers to tap on. based on Comscore’s measurements native mobile experience. These networks, centered on key of page views and unique visitors. market segments in the region, Stomp, the citizen journalism site, leveraged SPH Magazines’ extensive SPH Magazines’ Custom Publishing and omy.sg, the blingual news and brand portfolio to offer advertisers team clinched new contracts entertainment website, continued both breadth and depth in reaching from sought-after clients such as to garner a good following with their desired audiences. Diageo Brands BV and Singapore their lively content. omy.sg’s annual International Foundation while Singapore Blog Awards attracted Our marquee lifestyle brands - winning international honours for over 700 registrations and more such as , Female, existing clients. SilverKris, the SIA than 10,000 unique voters over the Singapore Women’s Weekly, Cleo, inflight magazine produced by the campaign period, with 27 winners Harper’s Bazaar, Men’s Health, team, has won prestigious awards honoured. Home & Décor and Young Parents such as the Content Marketing - continued to lead in the Nielsen Awards and APEX Awards, as well Following the Group’s investment Media Index’s readership numbers as the In-Flight Media of the Year at in property analytics company in their respective genres. MPAS 2015. StreetSine in November 2014, it has As testament to their enduring appeal, successfully merged operations with several magazines celebrated their Digital Media STProperty, offering consumers and anniversaries this year. Most notably, The Group’s new Digital Division real estate professionals a one-stop Her World toasted its 55th anniversary completed its first full financial year shop for information on property- with a year-long celebration in with 30 per cent growth in digital related transactions. Singapore and Malaysia. revenues. With a wide portfolio of digital products, the scale and value Complementing STJobs which Luxury brands such as The Peak, of the SPH Digital Network is a key targets the PMET space, it also Icon, Luxury Properties, China value proposition to advertisers. launched a job search product Boating, Jet Asia Pacific and It has improved personalisation of targeting the non-executive space, luxury-insider.com were also lauded content and advertising to enhance FastJobs. A mobile app available as authorities in luxury lifestyle on the reader experience across the on Android and iOS, the product the back of a rapidly rising affluent various sites and apps. secured 25 times growth in segment in Asia Pacific. The Peak downloads in its first four months after the official launch.

48 Singapore Press Holdings Annual Report 2015 CEO’s Overview of Group Operations

Both STJobs and STProperty also SI Malaysia had another profitable Book Publishing organised career fairs, property year with its market data business Straits Times Press (STP), the Group’s expos and seminars throughout registering the highest-ever number book publishing arm, had a fruitful the year. of subscribers and record revenue year with the publication of a series of through Bursa Station, a collaboration books on founding Prime Minister Lee The STClassifieds team launched a between SI and Bursa Malaysia Bhd. Kuan Yew following his death on 23 mobile marketplace product, Trezo, SI Thailand is also the market leader March 2015. Its top seller was “LKY: which taps into a growing trend for with 185 listed companies using its A Pictorial Memoir” – a compilation consumers who prefer to buy and online investor relations services. of pictures from Lee’s life and work, sell through their mobile devices. which sold about 40,000 copies. SI took a 60 per cent stake in 2015 was a fruitful year for the sites Waterbrooks Pte Ltd, a public 2015 also saw enthusiasm for SG50 operated by sgCarMart.com. relations company in Singapore, books. One highlight was “50 Things It remained the leading car and now offers an integrated To Love About Singapore”, done by classifieds, delivering high levels offline and online investor relations the ST newsroom, which sold over of returns for advertisers. Its forum service to listed companies. It also 10,000 copies. “Living The Singapore site, myCarForum.com, has the invested in a social media platform, Story”, a contract publishing project highest participation rate and traffic InvestingNote, to reinforce its for National Library Board put among all other Singapore car efforts to reach out to a younger together by an ST team, also enjoyed forums. STCars.sg recorded a double community. brisk sales, as did “Front Page: Stories digit growth in traffic and is now the of Singapore” since 1845, produced second highest traffic car classifieds The ShareInvestor Academy under sponsorship with Bank of in Singapore behind sgCarMart.com. organised more than 40 seminars Singapore for ST’s 170th anniversary and events this year. SI also exhibition at the ArtScience Museum. In January 2015, 701Search organised the inaugural REIT consolidated its regional online Symposium (together with REITAS) Other major book launches included classifieds business by creating which attracted 17 REIT companies. “Be at the Table or Be on the Menu”, joint-venture companies in Indonesia Its signature event, "INVEST Fair by Professor S Jayakumar, and Thailand with South African- 2015", into its ninth year, also broke and “Chasing Rainbows” by based Naspers. The 701Search new ground with innovative ideas Choo Lian Liang. Group, owned jointly by SPH and such as INVEST IDOL and the Norwegian media companies Singapore Powerlist. Focus Publishing expanded its stable Schibsted and Telenor, operates the of special interest Chinese magazine number 1 marketplace in Malaysia, SPH Data Services delivered titles. Apart from its popular U-Weekly Vietnam and Thailand. Silver another year of robust growth. (UW) and Health No. 1 titles, Indonesia JVCo, the joint venture The collaboration with FTSE Russell it launched the quarterly UW Travel company set up by 701Search and (FTSE) and & Leisure magazine in April 2015 Naspers, owns the online classifieds (SGX) to jointly create, maintain, and a fashion, beauty and lifestyle marketplace in Indonesia. license and market the Straits Times mook (a magazine-book hybrid) titled Index (STI) and the FTSE ST Index Fabulous U, in August 2015. Focus ShareInvestor (SI), a wholly-owned series, has yielded good results. To Publishing also produced a range of subsidiary of SPH, kept its position ensure that the STI remains the best community newsletters and books. as market leader in investor relations solution for market participants, a services to listed companies and market consultation was carried out ZbBz, the monthly bilingual luxury market data tools for investors in and it found wide support for a higher magazine published by ZB, launched the region. SI’s flagship data liquidity requirement for index stocks. its second edition of ZbBz Arts in products, SI WebPro and SI Station, The new STI liquidity rule and FTSE June 2015, further strengthening were upgraded to include stock ST index series methodology change ZbBz’s unique DNA of sophistication prices from Hong Kong, USA, was implemented in September 2015. and intellectual appeal. Australia, Indonesia and Thailand.

50 Singapore Press Holdings Annual Report 2015 CEO’s Overview of Group Operations

Radio SPHMBO secured exclusive The Group set up the Media SPH Radio grew from strength to marketing rights to new OOH Strategy and Analytics Division strength in 2015. Kiss92 maintained advertising locations in the Central (MSA) in February 2014 with the its number 1 position in share of Business District and its fringes, aim of enhancing the company’s listeners and number 2 position such as One Raffles Quay, Marina core media business. This involves in cumulative audience among Bay Link Mall and Bugis Village. harnessing existing core assets English stations in Singapore. It also successfully renewed its and strengths to grow media The station’s cumulative audience longstanding partnership with the adjacencies and identifying possible grew to 645,000 in the Nielsen’s proprietors of Chevron House, new businesses in the media space, Wave 1 survey of 2015. HDB Hub and Rendezvous Hotel. across multi platforms. On the SPHMBO will continue to enjoy analytics front, MSA has identified The other English station, HOT FM 91.3, exclusive marketing rights to the key objectives and collaborated with was re-formatted and re-branded OOH sites in these locations. various operating divisions to carry as ONE FM 91.3 to target male out data projects. listeners above 30 years of age. SPH Media Fund and MSA ONE FM 91.3 achieved excellent The SPH Media Fund was Properties cumulative audience of 243,000 set up in August 2014 with a Following their injection into in its first survey. The two biggest S$100 million fund focusing on early SPH REIT on 24 July 2013, personalities in Singapore radio, stage investments in technology Paragon and The Clementi Mall Glenn Ong and The Flying Dutchman, start-ups with a strong regional focus. have continued to deliver strong have joined the station to helm the In the last 12 months, its portfolio performance last year with morning show. added investments in Chope, 100 per cent committed occupancy. Crowdynews, Peatix and Smaato. UFM100.3, SPH Radio’s only The Seletar Mall, a joint venture Chinese language station, It also launched the SPH Plug & between SPH and United Engineers maintained its cumulative listenership Play accelerator in April 2015, Developments, opened in of 330,000, based on the latest in partnership with Silicon Valley- November 2014. It currently enjoys Nielsen’s Survey. It also had the based Plug & Play and Infocomm 100 per cent occupancy with over longest “Time Spent Listening” Investments, a wholly-owned 130 retail shops. The family-oriented among Chinese stations in subsidiary of the Infocomm suburban mall has already proven Singapore, a reflection of the quality Development Authority (IDA) of to be popular with residents staying of its music and content. Singapore. It invested S$30,000 each in Sengkang, Hougang, Punggol, in eight start-up companies operating Seletar and Ang Mo Kio, catering Out-of-Home Advertising across media sectors ranging to their convenience, lifestyle and Our Out-of-Home (OOH) media from advertising, e-commerce, dining needs. The mall is easily advertising business unit, SPHMBO, marketplaces, mobile, news and accessible as it is connected to the grew its product line and contributed content distribution. The eight Fernvale LRT, linking to Sengkang a steady revenue stream to the selected start-ups will be mentored North East Line MRT/LRT station Group. Its annual revenue has by domain experts from the venture and bus interchange. increased by about 17 per cent capital and media industries. year-on-year, despite higher The start-ups will also receive operations costs and increased training and leverage on SPH’s vast competition. The outlook for the intellectual property and resources. OOH media industry is positive as advertiser demand for good OOH solutions remains strong.

52 Singapore Press Holdings Annual Report 2015 CEO’s Overview of Group Operations

Events, Conferences and - Gifts, Stationery and Office (GSO) tourism, civil aviation, real estate, Exhibitions Fair was revamped to become the and banking & finance. It also The Group’s events and exhibitions Singapore Gifts & Premiums Fair entered new markets such as subsidiary Sphere Exhibits (Sphere) (SGPFair). In conjunction with this Sri Lanka and Indonesia. Together expanded and grew its portfolio in show, Sphere introduced two more with BT, it launched the inaugural Southeast Asia while maintaining its shows, Office Expo Asia (OEA) prestigious Asia Pacific CEO competitiveness in Singapore. and PrintPack+Sign (PP+S), which Congress in Singapore based on It also launched several new shows collectively more than doubled in the theme “Leading Transformation” and revamped the show content for scale on a year-on-year basis. which attracted over 250 business recurring events: leaders from various industry This year, Sphere became the sectors in the region. - BuildTech Asia remained the majority shareholder of Beerfest Asia flagship trade show as Sphere Pte Ltd, which organises the annual Business Outlook successfully held the fifth edition Beerfest Asia event. This latest Looking ahead, we will continue in Singapore. Into its second investment was in line with Sphere’s to invest in our print and digital edition, BuildTech Yangon commitment to expand its food and assets as well as embark on new expanded 20 per cent with beverage verticals which include ventures to stay ahead of the latest a show scale of 12,000 sqm, proprietary gourmet and food shows developments in the increasingly and attracted 150 exhibitors Asian Masters, Gourmet Japan, fragmented media landscape. It is and more than 4,000 visitors. Gusto Italiano, World Food Fair imperative that we remain vigilant and Food & Beverage Fair. to investment opportunities so as to - The inaugural Manufacturing grow the company. Solutions Expo was set up as a Sphere’s flagship technology one-stop platform to showcase the events, COMEX and IT Show, We look forward to taking latest innovative technologies to remain popular with improvements SPH to even greater heights the manufacturing fraternity. of show content such as introducing with your unwavering support. pre-order sale on Facebook, - Franchising & Licensing Asia trade-in facilities, and regular (FLAsia) grew by more than engagement with fans on social 20 per cent as more international media platforms. brands used Singapore as a launch pad to market-test their products. Sphere Conferences yielded South Korea and Malaysia also promising results with its varied presented their largest pavilions conference topics in Myanmar Chan Heng Loon, Alan in the history of FLAsia. spanning across hospitality & Chief Executive Officer