Proceedings of the International Conference on Business Linguistics and Intercultural Business Communication

Total Page:16

File Type:pdf, Size:1020Kb

Proceedings of the International Conference on Business Linguistics and Intercultural Business Communication Proceedings of the International Conference on Business Linguistics and Intercultural Business Communication November 17-19, 2017 Guangzhou, China The American Scholars Press Editors: Lisa Hale, Ruiqing Liang, Wei Cheng, Jin Zhang, Cover Designer: Wei Cheng Published by The American Scholars Press, Inc. The Proceedings of “The International Conference on Business Linguistics and Intercultural Business Communication” is published by the American Scholars Press, Inc., Marietta, Georgia, USA. No part of this book may be reproduced in any form or by any electronic or mechanical means including information storage and retrieval systems, without permission in writing from the publisher. Copyright © 2017 by the American Scholars Press All rights reserved. ISBN: 978-0-9721479-9-6 Printed in the United States of America 2 Preface The business world is becoming more and more complicated, and stake-holders with diversified concerns and understandings are contesting power and dominance in various professional and workplace settings. The evolution of business communication reflects a linguistic, pragmatic, rhetorical and discursive challenge. Before, the major consideration of companies and corporations was to share information with a narrowly cut and considerably small group of stakeholders (e.g. clients, share-holders, manufacturers, and regulative bodies) on problems of the monetary and managerial dimensions of the business, but, now business professionals have to cater and interact with a much more broad community of business players on issues that cover culture and political fluidity from national and international perspectives. Some argue that the ecology of business is changed because of the increasingly prevailing power of globalization in business sectors and because of the increasingly paramount impact of business activities on the society, culture, nature, and environment across the globe. Others note that the awakening mass cognition of the contradiction of professional/expert elites and the mass public leads to the apparent face- to-face encounters between business elites and non-expert ordinaries. The combination of the two factors creates new challenges to participants of busines s communications, force them to re-consider the traditional aim of getting across the business information to their equally literate business experts, and push them to new territories where interaction is less generic, less structured, and less governable. The discovery of new ways of speaking and new ways of thinking becomes indispensable. It is already evident that members of business community, nowadays, are paying more and more attention to the creative and imaginative kinds of interaction and are showing more and more acknowledgement on the multiple and inherently contradictory discursive roles and identities of business communication. To address these issues, the first International Conference on Business Linguistics and Intercultural Business Communication (BL-IBC) was held November 17-19, 2017, at Jinan University in Guangzhou, China. This conference invited colleagues from national and international research communities and from a variety of research paradigms and disciplinary fields to deliver nine keynote speeches and 98 papers. It turned out to be an encouraging opportunity for constructive academic engagement. During the conference, national and international business linguistics and communication experts discussed new changes and challenges of business linguistics and cross-cultural communication, proposed, as a unity, possible responses and solutions, and re-mapped the developing route of the discipline. Keynote addresses and contributing papers made great efforts in order to search and widen our knowledge of business linguistics and cross -cultural communication. Traditional research methods and theoretical underpinning were submitted to animated and vigorous discussions. Particularly, business discourse was analyzed and deconstructed as not purely linguistic exchanges connoting information production and reception, but as complex symbolic/semiotic spaces where socio -cultural powers negotiate, align, and contradict each other. The conference also covered a lot of new issues in the field, such as business translation, business English teaching, and business English program development, etc. Keynote speakers and contributors, together, demonstrated a resolution of looking into the future and reflecting the past performance of the community, both critically and constructively. 3 The proceedings were selective. Among the 98 papers presented at the conference, 37 papers, together with three keynote articles, have been included in the proceedings. These papers, representing the cores issues discussed in the conference, are divided into five categories of business discourse, business andpragmatics, business English teaching, business translation, and business communication. It is hoped that the selected proceedings of the conference will provide insights for future research in business linguistics and communication. Liang Ruiqing Professor of English, Director of Department of Business English Studies Jinan University, China Han Zhengrui Associate Professor of English Jinan University, China Cheng Wei Associate Professor of English Jinan University, China 4 Symposium Organization Organizer China Association of English for International Business, Guangzhou, China Host School of Foreign Studies, Jinan University, Guangzhou, China Organizing Committee Co-Chairs Gong Qi, Dean of School of Foreign Studies, Jinan University, China Gu Weifang, Secretary of CPC Committee of School of Foreign Studies, Jinan University, China Vice Chairs Cheng Qian, Associate Dean of School of Foreign Studies, Jinan University, China Liao Kaihong, Associate Dean of School of Foreign Studies, Jinan University, China Rao Hong, Associate Secretary of CPC Committee of School of Foreign Studies, Jinan University, China Executive Chair Liang Ruiqing, Director of Department of Business English Studies, Jinan University, China Members Yu Guangqing, Director of Administrative Office of School of Foreign Studies, Jinan University, China Li Hong, Director of Teaching & Research Office of School of Foreign Studies, Jinan University, China Li Haihui, Associate Director of Department of Business English Studies, Jinan University, China Han Zhengrui, Associate Professor of English, Jinan University, China Academic Committee Chair Professor Liang Ruiqing, Jinan University, China Members Professor Chen Xinren, Nanjing University, China Professor Xu Dejin, Sun Yat-sen University, China Professor Guo Guihang, Guangdong University of Foreign Studies, China Professor Giovanni Parodi, Pontificia Universidad Católico de Valparaíso, Chile Dr. Yunxia Zhu, University of Queensland, Australia Dr. Han Zhengrui, Jinan University, China Dr. Cheng Wei, Jinan University, China The Proceeding Editorial Committee Lisa Hale, American Scholars Press, USA Dr. Jin Zhang, Zhejiang University, China Professor Jon Lindsay, American Scholars Press, USA Dr. Linda Sun, Kennesaw State University, USA Dr. Ahmad Khan, American Scholar Press, USA Liang Ruiqing, Jinan University, China Dr. Cheng Wei, Jinan University, China 5 Table of Contents Keynote Speech I Rapport Management in Business Negotiation: A Case Study Xinren Chen, Xiulian Du ............................................................................................................................... 9 Keynote Speech II A Theoretical Model of Intercultural Business Communication Competence Dejin Xu, Jing Jiao ...................................................................................................................................... 17 Keynote Speech III On Construction of Faculty Team of Cross-border E-commerce for the Business English Undergraduate Program: A Case Study of Xinhua College of Sun Yat-sen University He Yu, Guo Guihang .................................................................................................................................. 25 Dynamic Construction of Express Companies’ Advertisements: A Multimodal Discourse Analysis Perspective Yulian Chen, Xueyan Yin............................................................................................................................... 33 A Comparative Study of Thematic Progression Patterns of Chinese Famous Enterprises’ Bilingual Profiles Cheng Zhuo .................................................................................................................................................. 41 A Multimodal Discourse Study of Banners on E-Commerce Websites in Terms of Information Xin Guan ...................................................................................................................................................... 47 Discursive Construction of Chinese National Identity in Belt and Road Initiatives by American Mainstream Press Shuangshuang Pei ....................................................................................................................................... 54 Genre Analysis of CSR Assurance Report: What Assurers Write and Why They Write the Way They Do Wei Wang ..................................................................................................................................................... 61 Critical Discourse Analysis on Guangzhou’s Food Shelf-Life Management Hearing Jiajia Xia .....................................................................................................................................................
Recommended publications
  • HOUSING GUIDE for STUDENTS in SINGAPORE Housing Guide for Students in Singapore
    HOUSING GUIDE FOR STUDENTS IN SINGAPORE Housing Guide for Students in Singapore Table of Contents 1 General ........................................................................................................................................................................................................... 3 1.1 Proximity and location ........................................................................................................................................................................... 3 1.2 Steps in getting accommodation ............................................................................................................................................................ 3 1.3 Visiting in person .................................................................................................................................................................................... 3 1.4 Bargaining Tips ....................................................................................................................................................................................... 3 1.5 Deposit ................................................................................................................................................................................................... 4 2 Apartments .................................................................................................................................................................................................... 4 2.1 Searching for
    [Show full text]
  • Annual Report Fy2019 Making an Impact
    M A K I N G A N IMPACT ASCENDAS REIT ANNUAL REPORT FY2019 MAKING AN IMPACT Ascendas Real Estate Investment Trust (Ascendas Reit) continues to stay at the forefront of the real estate investment trust sector as Singapore’s first and largest business space and industrial REIT, building on a solid portfolio of 200 quality investments in business and industrial properties in four markets globally. The radial patterns found in this report are symbolic of our well-diversified portfolio and aim to expand our footprint across selected developed markets. CORPORATE PROFILE OUR VISION Ascendas Real Estate Investment Trust (Ascendas Reit) is Singapore’s first To be a leading global real and largest listed business space and industrial real estate investment estate investment trust trust (REIT). As one of Singapore’s REIT pioneers, Ascendas Reit has played a crucial role in the development of the Singapore REIT sector. It provides an OUR MISSION attractive platform for investment in business and industrial properties across developed markets. To deliver predictable distributions and achieve Ascendas Reit owns and manages a well-diversified portfolio, valued at long-term capital stability for S$12.8 billion, comprising 200 properties in Singapore, Australia, the Unitholders United Kingdom (UK) and the United States (US). Ascendas Funds Management (S) Limited (AFM), the manager of Ascendas Reit (the Manager), is a wholly owned subsidiary of Singapore-listed CapitaLand Limited (CapitaLand), one of Asia’s largest diversified real estate groups. For more information, visit our website www.ascendas-reit.com Accessibility of Reports As part of its environmental conservation efforts, Ascendas Reit continues to print limited copies of its Annual Report.
    [Show full text]
  • Tampines Mall
    RETHINKIT DIFFERENTLY REPORT TO UNITHOLDERS 2004 CONTENTS RETHINKITDIFFERENTLY REENHANCEIT REGENERATEIT 02 PORTFOLIO ANALYSIS 40 RECREATEIT 04 TAMPINES MALL 46 RETRANSFORMIT 06 JUNCTION 8 50 REMODELIT 08 FUNAN THE IT MALL 54 REVALUEIT 10 IMM BUILDING 58 REDEFINEIT 12 PLAZA SINGAPURA 62 RESHAPEIT REASSUREIT CORPORATE PROFILE 15 CORPORATE GOVERNANCE 68 FINANCIAL HIGHLIGHTS 16 INVESTOR RELATIONS & FINANCIAL LETTER TO UNITHOLDERS 18 CALENDAR 76 LETTER TO UNITHOLDERS (CHINESE) 22 MILESTONES 24 REAFFIRMIT MARKET OVERVIEW 26 EMBRACING THE COMMUNITY 80 HUMAN RESOURCES 81 REIMAGINEIT ORGANISATION STRUCTURE 30 REGROWIT CORPORATE INFORMATION 31 FINANCIAL PERFORMANCE REVIEW 84 THE BOARD OF DIRECTORS 32 FINANCIAL STATEMENTS 87 THE MANAGEMENT TEAM 34 UNITHOLDERS STATISTICS 127 THE PROPERTY MANAGEMENT TEAM 36 ADDITIONAL INFORMATION 130 THE CENTRE MANAGEMENT TEAM 37 We are continually working to strengthen our reputation for being not only the first Real Estate Investment Trust (REIT) in Singapore but also a consistent high performer. We achieve this by constantly re-evaluating our acquisition and investment strategy, adopting a creative approach to identify new sources of income, and transforming challenges into changes for the better. Through innovative asset enhancements, adopting a pro- active leasing strategy, yield-accretive acquisitions, and through rethinking it differently, CapitaMall Trust aims to implement innovative solutions so as to create value and maximise total return to Unitholders. CAPITAMALL TRUST’S EDGE? WE SEE THINGS DIFFERENTLY, which is why we continue to set the standard for the retail experience. In the process, we are pushing the limits to define what a REIT can be. CAPITAMALL TRUST > 1 Maximising the Core: We make the most of the organic growth factors which create a stable and sustainable platform for growth.
    [Show full text]
  • Investment Property Portfolio WOODLANDS 57 CAUSEWAY 56 53 46 54 55 31
    Investment Property Portfolio WOODLANDS 57 CAUSEWAY 56 53 46 54 55 31 SE LE TA R E XP RE SS W A Y ( S L E ) B U K I T T I M A E) H J (K E Y X A P SW R S E E S PR S X W E JI A AN Y R K ( B K E ) TUAS SECOND LINK ) IE P P AN ( - Y IS A LA W N SS D E PA PR EXPRES N EX SW -I A SL D Y A AN (P N ISL IE D - ) N EX A P P 67 R ESS 60 WA Y (P IE) 65 45 8 75 59 1112 71 74 A 63 Y E R R AJ AH EX PR 70 ES SW A Y ( AY E) 3 33 1 4 10 23 21 2 25 Business & Science Parks Hi-Tech Industrial Properties Light Industrial Properties / Flatted Factories % share of Business & Science % share of Hi-Tech Industrial space .1% share of Light Industrial & Flatted Factory Park space in Singapore in Singapore space in Singapore 1. The Alpha 13. Techlink 27. Techplace I 44. 84 Genting Lane 2. The Aries 14. Siemens Centre 28. Techplace II 45. Hoya Building 3. The Capricorn 15. Infineon Building 29. OSIM HQ Building 46. NNB Industrial Building 4. The Gemini 16. Techpoint 30. Ghim Li Building 47. 37A Tampines St 92 5. Honeywell Building 17. Wisma Gulab 31. Progen Building 48. Hamilton Sundstrand 6. Ultro Building 18. KA Centre 32. SB Building Building 7. Telepark 19.
    [Show full text]
  • OKA Corporation Tel : +6(03)9207 7604 Email : [email protected]
    18 February 2014 Stock1= Pick Chaw Sook Ting OKA Corporation Tel : +6(03)9207 7604 Email : [email protected] BUY Major Shareholders (%) Stock Information Company Description Target MYR1.70 Ong Koon Ann 48.9% Market cap (MYRm) 74.3 OKA is involved in the manufacturing of precast concrete products in Malaysia. Previous - Quah Seok Keng 3.4% Share Capital (m) 60.9 Ong Choo Ian 2.5% OSK 188 Ticker OKA Price MYR1.22 Industry Construction Riding On Buoyant Construction Sector We are initiating coverage on OKA with a BUY recommendation and MYR1.70 FV, pegged to FY15F 10x P/E, still below its 10-year average P/E of 15.6x. We like the company for its: i) prudent management, ii) strong presence in Peninsular Malaysia, and iii) solid earnings visibility, given its ability to ride on the infrastructure developments in Malaysia that have long gestation periods. Being one of the dominant sewage pipe makers in Malaysia, we believe that OKA could potentially benefit from the West Coast Expressway (WCE) project. Earnings growth is expected to remain strong over the next two years, underpinned by more orders and better margins. We expect a CAGR of 25.5% from FY13-15F. OKA is still trading below its NTA/share of MYR1.72 as at end-Sept 2013. Ipoh-based producer of precast concrete products. OKA is involved in the manufacture of precast concrete products in Malaysia, mainly catering to the infrastructure, sewerage, construction and highway industries. Headquartered in Ipoh, Perak, the company has six factories in Peninsular Malaysia, with two plants in Batu Gajah in Perak, and one plant each in Sungai Petani, Nilai, Senai, Johor and Kuantan in Pahang.
    [Show full text]
  • Map for Lightbox
    D A O R HOLLAND R To Jurong East E VILLAGE R DOVER R MRT A MRT F NEWTON Holland Village Singapore MRT Market D Botanic A H O OL Gardens R Y L S A T D Singapore A N D T A W R Polytechnic O Gleneagles O O S O A R C R The Star N D C Hospital H S I E A T R D Vista E D O N U N R V BUONA VISTA A O E A E Q PI D D R ER ROA Tang M MRT LITTLE INDIA E R L O D Plaza Anglo-Chinese A D MRT C C United World A O The Metropolis COMMONWEALTH Tanglin Mall A D Junior College R O Dempsey Hill ORCHARD College TA M O The S M MRT R I O MRT The locale V N N Paragon The A O Biopolis W S N E R Centrepoint A E O L T T ION Takashimaya Anglo-Chinese School U H A B A P V Orchard (Independent) Fairfield H E T N Mandarin R one-north U SOMERSET is E Methodist O Gallery N MRT Phoenix MRT School AD 313 Singapore Institute New Town Queensway Park GRANGE RO Primary School Secondary School @Somerset of Technology INSEAD Asia DHOBY GHAUT MRT Fusionopoliis D A O VER Timbre+ RI VALLEY Fort R ROA Tanglin Trust School MDIS Campus D Canning National University N I of Singapore National QUEENSTOWN L Park G University MRT N Wessex A T FORT Hospital Cresent Girls’ Valley K T IM CANNING E School Point E Global Indian Great World S R Q ALE MRT T KENT RIDGE XANDRA E U ROA N S E International D Alexandra Canal City P G A ASIR MRT E I PA N School R R NJ S AN W O O G GANGES AVEN A T R A UE OA Science Park II - Y D IC D AYER RAJAH EXPRESSWAY (AYE) REDHILL Quayside V Business Spaces Science Park I Anchorpoint MRT Singapore River D Tiong Bahru A O O IKEA HA K R AD O Plaza U VELOC R Alexandra T R CLARKE QUAY A West Coast Park A T L ABC M MRT E TIONG BAHRU Brickworks D R Singapore Alexandra MRT O R Science Park II Hospital Gan Eng Seng E TIONG BAHRU ROAD A D Pasir Panjang Kent Ridge Park Primary School W Tiong Bahru JALA O Wholesale Centre Haw Par Villa N BU L Market KIT M ERA CHINATOWN H TE) HAW PAR VILLA Buona South Y (C WA MRT MRT Primary School SS RE Southern XP terfront city.
    [Show full text]
  • Great People Distinctive Performance Annual Report 2010 Great People Distinctive Performance
    Great People Distinctive Performance Annual Report 2010 Great People Distinctive Performance Hard work alone is not enough to guarantee sustained high performance. Here in F&N, besides our discipline, fierce commitment and determination to deliver our personal best – which is a given – it is the mastery of our capabilities that makes us distinctive. F&N’s rich legacy has successfully transformed the Group into an enterprise with unparalleled domain expertise. It has also provided F&N with a compelling blueprint for the future. Today, there is a palpable sense of expectation as our Great People work to lift this enterprise to new heights of distinction. Ahead, our firm purpose is to build on past efforts and achievements. Working hand in hand with you, our stakeholders, we are poised to deliver Distinctive Performance now and beyond. Vision To be a world-class multinational enterprise with an Asian base, providing superior returns with a focus on Food & Beverage, Properties and Publishing & Printing businesses. TOTAL NUMBER OF OPERATING PRESENCE IN EMPLOYEES WORLDWIDE NUMBER OF COUNTRIES >17,000 >20 TOTAL ASSET EMPLOYED SHAREHOLDERS FUND >$13 >$6 BILLION BILLION Contents Distinctive Results Investor Relations 53 – 10-Year Performance at a Glance 02 Treasury Highlights 54 – Our 3 Businesses 03 Corporate Social Responsibility – Group Financial Highlights 04 – Environment 56 Distinctive Leadership – Community 58 – Message from Chairman 06 – Consumer 60 – Board of Directors 10 – Human Capital Management 61 Corporate Information 16 Enterprise-wide
    [Show full text]
  • What Is the Future of KTM?1 by Dr. Ong Kian Ming Atticus Poon Teck Seong2 Jurleo Jurit3 Penang Institute in Kuala Lumpur (PI In
    What is the future of KTM?1 By Dr. Ong Kian Ming Atticus Poon Teck Seong2 Jurleo Jurit3 Penang Institute in Kuala Lumpur (PI in KL) 1 Addition thanks to Sophia Jamal, Penang Institute intern, for research inputs. 2 Atticus was an intern with Penang Institute from January to March 2018. 3 Jurleo was an intern with Penang Institute from August to September 2017. 1 The recent hype over upcoming railway developments such as the Light Rail Transit (LRT) Extension, the Mass Rapid Transit (MRT), the East Coast Rail Line (ECRL) and the High-Speed Rail (HSR) from Kuala Lumpur to Singapore, appears to have cast the oldest railway operator in the country, Keretapi Tanah Melayu, better known as KTM4, by the wayside. Ridership on the KTM Komuter Services in the Klang Valley has been declining and could decline even further as it suffers from competition from the further expansion of the LRT and MRT lines. On top of this, the expected rollout of the Rail Network Access Agreement (RNAA) that will allow other cargo operators to use the train tracks currently used exclusively by KTM will almost certainly reduce its cargo operations revenue. Currently, the only bright spark in KTM’s ridership is the Electric Train Service (ETS), initially from Kuala Lumpur to Ipoh, and now extended to the north up to Padang Besar, Perlis and to the south to Gemas in Negeri Sembilan. How much will the completion of the double tracking and electrification project from Gemas to Johor Bahru help increase KTM’s revenue and profitability? Will the double track project upgrading in the Klang Valley increase the reliability of KTM’s service and attract more passengers and revenue for KTM? Will KTM’s relationship with the Railway Asset Corporation (RAC), the statutory body which owns the KTM stations and the tracks, help or harm KTM’s profitability moving forward, as RAC seeks to monetize more and more of its physical assets? This report will examine these issues and by doing so, shed some light on the answer to the question of a viable future for KTM in this country.
    [Show full text]
  • Urban Transport System in Greater Kuala Lumpur
    URBAN TRANSPORT SYSTEM IN GREATER KUALA LUMPUR NUR AYUNI BINTI MAHAMMAD ZIN MINISTRY OF TRANSPORT, MALAYSIA 13 SEPTEMBER 2018 UrbanStrictly Transport Confidential System and for inInternal Greater Use Only KL 2 UrbanStrictly Transport Confidential System and for inInternal Greater Use Only KL To Make Public Transport as the People’s Choice for Mobility towards achieving: • Increase mobility • Economic growth and transformation National : • Vision and Targets Defined Modal share target of 40% in urban areas by 2030 • Setting the Path for LPTIncreased Transformation connectivity in rural areas • Implementing the Policy Greater KL : Modal share currently at of 20-25% target at 40% by 2020 Strictly Confidential and for Internal Use Only Statistics of Land Public Transport In Peninsular Malaysia (2017) TOTAL TOTAL Daily Average Daily Average OPERATORS PERMITS Rail & Bus Rail & Bus Ridership Ridership Inside GKL 81,417 365,853 Outside GKL 1,206,111 316,033 UrbanStrictly Transport Confidential System and for inInternal Greater Use Only KL EXISTING MALAYSIA’S TRANSPORT INFRASTRUCTURE & FACILITIES LENGTH OF ROAD (KM) 1995 2017 61,294 237,022 > 3.5x increase in road network, only 10% of total road network is federal road LENGTH OF RAIL (KM) 1995 2018* Rail 699 1,833 Double track 145 767 Urban rail 12 328 UrbanStrictly Transport Confidential System and for inInternal Greater Use Only KL BACKBONE OF PUBLIC TRANSPORT (PT NETWORK Roles of Urban Rail • To be the main spine of the public transport network • To provide links to the centre of KL .i.e.
    [Show full text]
  • Case Study of Kuala Lumpur Prasarana
    Railway and Transport Strategy Centre The Operator’s Story Case Study: Kuala Lumpur’s Story © World Bank / Imperial College London Property of the World Bank and the RTSC at Imperial College London The Operator’s Story: Notes from Kuala Lumpur Case Study Interviews July 2017 Purpose The purpose of this document is to provide a permanent record for the researchers of what was said by people interviewed for ‘The Operator’s Story’ in Kuala Lumpur. These notes are based upon 6 meetings between 14th-16th March 2016. This document will ultimately form an appendix to the final report for ‘The Operator’s Story’ piece Although the findings have been arranged and structured by Imperial College London, they remain a collation of thoughts and statements from interviewees, and continue to be the opinions of those interviewed, rather than of Imperial College London. Prefacing the notes is a summary of Imperial College’s key findings based on comments made, which will be drawn out further in the final report for ‘The Operator’s Story’. Method This content is a collation in note form of views expressed in the interviews that were conducted for this study. Comments are not attributed to specific individuals, as agreed with the interviewees and Prasarana. However, in some cases it is noted that a comment was made by an individual external not employed by Prasarana (‘external commentator’), where it is appropriate to draw a distinction between views expressed by Prasarana themselves and those expressed about their organisation. List of interviewees Internal Prasarana views: Ahmad Nizam Mohamed, CEO Rapid Rail Megat Khairulazhar Khairodin, Chief Financial Officer Mohd Azharuddin Mat Sah, CEO SPAD Dato’ Mohd Zahir Zahur Hussain, CEO PRIDE Dato’ Ir.
    [Show full text]
  • A Quantile Regression Analysis of Housing Price Distributions Near MRT Stations Mi Diao1, Daniel P. Mcmillen2, and Tien Foo Sing
    A Quantile Regression Analysis of Housing Price Distributions Near MRT Stations Mi Diao1, Daniel P. McMillen2, and Tien Foo Sing3 Date: 23 April 2018 Abstract: This study uses the opening of the new Circle Line (CCL) in Singapore as a natural experiment to test the effects of urban rail transit networks on non-landed private housing values in Singapore. Using the network distance measure and a local-polynomial-regression approach, we observe discontinuity in housing prices at 600 meters radius from the closest CCL stations, and use it to divide the study area into the treatment zone and the control zone. Using the non-landed private property transaction data for the period from 2007 to 2013, we estimate the average treatment effects associated with the CCL opening at 8.96%. Using the quantile version of difference-in- differences (QDID) model, we also find significant distributional treatment effects in different price quantiles. The stronger effects are found in the 50th quantile houses at 9.26%, whereas the treatment effect are smaller in the 10th and 90th quantiles at 4.14% and 6.56%, respectively. When we adjust for spatial spillover in the model, the same distributional effects are still observed, but the magnitude of the quantile treatment effect is smaller. We next adopt the conditional quantile decomposition approach, and show that the price changes are attributed to both compositional changes and also the price elasticity changes. After the opening of CCL, transactions in the treatment area tend to be smaller, but more expensive; but the effects are weaker in the control area.
    [Show full text]
  • Seizing Greenfield Infrastructure Opportunities in ASEAN Infrastructure Series Report 2
    www.pwc.com/sg Seizing greenfield infrastructure opportunities in ASEAN Infrastructure Series Report 2 Contents Foreword 3 Methodology 4 Chapter 1: Infrastructure in ASEAN 5 An overview 5 Chapter 2: Key sectors and the opportunities within 8 Transport 10 • Governments get ambitious 10 • Joining hands, regionally and cross-regionally 13 • Rail attracts attention 15 • Transport projects in the pipeline 17 Energy 20 • Focusing on renewables 20 • Energy projects in the pipeline 26 Chapter 3: Public Private Partnerships 30 Transport: Road and rail take a large slice of the pie 34 Energy: Procured under non-PPP frameworks 36 Water and waste: Driven by urbanisation 37 Chapter 4: What's next? 38 Sources 39 Foreword Infrastructure development is crucial to improving connectivity In this second report, we take a closer look at how the identified and driving sustainable growth in ASEAN. It is important to drivers are shaping the pipeline of greenfield infrastructure identify the changing needs of each of these countries in order projects in each ASEAN country. We also assess how the Public to leverage future opportunities and trends in infrastructure Private Partnership (PPP) project pipelines of these countries are investments in the region. shaping up in light of these driving forces. This report is the second in a three-part Infrastructure Series. The subsequent and final report of our Infrastructure Series, In the first report, Understanding infrastructure opportunities which will be published later in 2018, will cover infrastructure in ASEAN (2017), we discuss the existence of a widening funding and financing, including developments in the funding infrastructure gap in the region, highlight the potential landscape and alternative sources of financing.
    [Show full text]