TOWARDS A NEW ERA 2017 AUG/SEP - CONNECTING BUSINESSES
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THE MAGAZINE OF AUSTCHAM SINGAPORE | WWW.AUSTCHAM.ORG.SG TOWARDS A NEW ERA 2017 AUG/SEP CONNECTING BUSINESSES ACROSS ASIA AND BEYOND anz.com/institutional
PRESIDENT’S MESSAGE Greetings! This edition of Access Asia covers the President's Lunch & Business Awards and our AustCham Singapore Australian Roadshow. Erica, your Director of Membership & Programme and I were joined by the Australian High Commissioner, HE Bruce Gosper and the Senior Trade Commissioner, David Campbell for a series of meetings and presentations from Melbourne to Townsville. BOARD MEMBERS Under the headline “Australia and Singapore – A New Era”, we received great interest and engagement at every event. This new era is underpinned by the Comprehensive PRESIDENT Strategic Partnership (CSP). AustCham Singapore is your voice to make the most of IAN CUMMIN the opportunities for business under the CSP. We used this roadshow to make our BLUESCOPE mark on its development and to raise awareness of our role in promoting your interest. Thanks to James Cook University, ANZ and RIO for their valued support. ADAM LYLE Padang & Co BlueScope CEO Paul O’Malley graciously extended an invitation to our Melbourne based Gold Corporate members to meet up with our delegation in BlueScope’s HONORARY SECRETARY Collins St office. Your Chamber could not function as an effective industry voice JOHN DICK without the incredibly loyal support from our sponsors and gold corporate members. Dentons Rodyk We also greatly appreciate the recognition we receive from our Australian Federal HONORARY TREASURER and State Governments. Following on from PM Turnbull’s interactive business lunch SEAN STRATON in June, our team delivered another outstanding lunch event with Minister Ciobo and UBS Minister Payne in August, with a focus on the opportunities arising from the defence and trade elements of the CSP. DAVID CAMPBELL In a letter to me after his event, PM Turnbull’s sentiments highlight the value of these Australian Trade and Investment occasions. This is an extract: Commission Singapore “As I said to your members and guests on the day, I firmly believe Australians are NIGEL CUMMINGS natural internationalists – adaptable and capable in all business environments abroad. Sliding Doors Entertainment Our diversity and success as a multicultural society is also a comparative advantage that government and business alike should continue to harness.” PHILIP FORREST Honorary Life Member The tight schedules for the PM’s and Ministers events were managed to the minute. The President's Lunch & Business Awards was another spectacular success. Well done AustCham team! FREYA HONE Commonwealth Bank AustCham Singapore’s first ASEAN event held at the end of July launched the 2017 ASEAN business survey. Fraser moderated a panel discussion that provided the DEREK MACKENZIE breakfast meeting with important insights. It was an excellent session. designphase dba Notwithstanding the importance of our intense events schedule, our primary purpose is to serve the business interests of our members. To remain relevant, it is vital that GUY SCOTT we sustain a strong membership base. With this in mind, I am seeking your support. Cumming Corporation We have a high proportion of event guests who enjoy our signature events. Please help to encourage our guests to join the Chamber by introducing yourself as a proud BENJAMIN TAN AustCham Singapore member. Qantas Airways To conclude, here’s an accolade to Guy Scott’s four years in the President’s role. The board meeting that was called to elect the Chamber’s new president (me) was briefly FRASER THOMPSON interrupted by a new member. She wanted us to know how much she appreciated the AlphaBeta advice and support of Kate and her team. This kind of interruption to a board meeting is most welcomed. Thanks to Guy, not only for his leadership over the past four years ANNETTE TILBROOK but also his personal contribution in taking AustCham Singapore to a higher level as an effective and sought after Australian business voice. Young President's Organization IAN CUMMIN PRESIDENT PLATINUM SPONSORS SILVER SPONSORS BRONZE SPONSORS
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EXECUTIVE DIRECTOR’S MESSAGE Welcome to the August / September edition of Access Asia magazine. 6 It’s been a particularly busy period for the Chamber as we head into the last few FACE TO FACE CONTENTS months of 2017 and it’s not looking like slowing down any time soon. We welcomed WITH IAN CUMMIN our new President Ian Cummin at our AGM in June, and he hit the ground running embarking on our annual Australian Roadshow just a few weeks ago. Travelling with Australia’s High Commissioner to Singapore Bruce Gosper and Senior Trade Commissioner David Campbell, the delegation visited Melbourne, Sydney, Canberra 9 and Townsville to talk about the opportunities in Singapore and the benefits of the "POST POLITICS" VIEWS Comprehensive Strategic Partnership between our two countries. You can read ON THE CSP WITH ANDREW more about the Roadshow later in this edition. ROBB We have also released the latest Australian Business in ASEAN survey, you can access the results via our website and hard copies have been sent to members with this edition of the magazine. This survey is an important part of our advocacy work and allows us greater insight into the plans of Australian business in the region. Our 6 month membership is now open, if you have been thinking of joining the 11 CONNECTING BUSINESS TO A WIDER WORLD Chamber now is a great opportunity with this special offer. Check our website austcham.org.sg for more details. 12 In other news, it’s not only been a busy year so far for the Chamber but it’s also been AUSTCHAM PRESIDENT'S LUNCH AND BUSINESS a big year in a personal sense for our AustCham family with a number of new (very) AWARDS young additions to the team. Our Treasurer Sean Straton welcomed his daughter Siena Straton and AustCham Board member Fraser Thompson welcomed his son Malo Fergus Thompson to the world early this year. And anyone who has seen me recently at events will know I was also expecting, and welcomed my son Charles 14 (Charlie) on 24th July. I will be out of the office, returning in January 2018 in time for our spectacular Australia Day Ball. I look forward to seeing you then. AUSTRALIAN ROADSHOW 2017 17 AUSTCHAM LUNCH WITH MINISTER FOR TRADE, INVESTMENT & TOURISM AND MINISTER FOR DEFENCE 18 SERVICES IN SAFTA 20 OUT & ABOUT KATE BALDOCK EXECUTIVE DIRECTOR 28 NEW MEMBERS 32 MEMBERSHIP CARD OFFERS 34 ACCESSASIA | WWW.AUSTCHAM.ORG.SG NEWSFLASH 5
FACEtoFACE with IAN CUMMIN AustCham Singapore past president Guy Scott interviewed his successor, Ian Cummin about his background and perspectives on the future for AustCham Singapore. WE ARE IN A UNIQUE Congratulations on your election. I’m sure our members would like to know something about your background. What brought you to Singapore? POSITION TO LEVERAGE I was BlueScope’s global head of People and Performance, based in THESE RELATIONSHIPS FOR THE BENEFIT OF OUR Melbourne. Our China business was not performing to expectations and our Indian joint venture was not performing. There were major interventions needed in China and India, along with more positive succession and development plans in ASEAN to be addressed. The MEMBERS. original intention was that I stay for two years travelling between that are urgent get done first and AustCham operates with a high Singapore, Melbourne and India. I think everyone I’ve met in Singapore sense of urgency! says they originally intended to stay for 2 years. Have you had time to develop your own priorities for the future of You decided to stay on in Singapore. Why? AustCham Singapore? I’m looking forward to the transition out of a corporate career to be Australian Chambers of Commerce in every country began as social able to develop my own business interests. Singapore is an attractive forums for business. AustCham Singapore has evolved well past that place to develop a business, and like others who have stayed on in stage. It’s now also a business events management organisation. This Singapore I have discovered that it is a great place to live. has enabled us to build a solid financial base. Our events management reputation has also enabled us to build a strong relationship And you’re able to manage your new role in AustCham as part of the with the High Commission, Austrade and Australian Federal and mix? State Governments. We are in a unique position to leverage these relationships for the benefit of our members – in particular our SMEs When you tapped on me the shoulder Guy, you said that if elected I who don’t have the resources that our major corporate members have. would need to commit a day a week to AustCham. I think you might I think the next stage of our evolution involves two focus areas. First, have your fingers and toes crossed when you said that? The things the development of member advisory services as a more distinctive 6 ACCESSASIA | WWW.AUSTCHAM.ORG.SG
FACEtoFACE capability. I’m not saying we haven’t been operating in this space in the past. We have been, but more as a networking agent than offering a distinctive “go to” member service. Second is our engagement in the process of putting the meat on the bone of the WE CAN ADD THE CSP. There is a lot of work to be done by both governments and we can add the voice of Australian business in Singapore to their VOICE OF AUSTRALIAN prioritisation of resources and timelines. BUSINESS IN AustCham ASEAN was officially launched at the PM’s lunch in June. What role will this new body have in the future strategy of AustCham SINGAPORE TO THE Singapore? PRIORITISATION OF I should probably be asking you this question, because that initiative arose from your board strategy meeting in February last year. RESOURCES AND You could ask me, but I think the readers will be more interested to TIMELINES hear the new President’s response than mine. Fraser Thomspon, as a member of our board and now also the President of Austcham ASEAN, along with John Dick and Annette Tilbrook, have done an excellent job in getting the new ASEAN chamber up and running. They have achieved formal recognition which gives the new chamber a seat at the ASEAN advisory table. This augments the service offering for all of the AustCham country chambers in the region. As a regional inter-government forum, ASEAN itself has been an important element of regional stability for the past 50 years. Nevertheless, unlike the EU, ASEAN’s member countries have steadfastly retained their sovereign national rights. Although a seat at the ASEAN forum table is very important, our members will continue to rely on AustCham Singapore as their conduit into business opportunities and issues in Singapore. Likewise, members of other chambers in the region will continue to rely on their country chambers. with the headline speaker of Bruce Gosper’s stature was a winning recipe. I am grateful for the High Commissioner’s commitment. He dedicated a week of intense travel and speaking engagements, along with David Campbell, the Senior Trade Commissioner. Kate Baldock, AustCham Executive Director is on extended parental leave. What arrangements have been made to cover her absence? I am very pleased to report that Elissa Maloney from the High Commission has joined us as our Executive Director during Kate’s absence. Elissa has been Manager of Public Affairs for the High Commission in Singapore and is very familiar with the role of AustCham and our relationships with government. Elissa’s appointment was only made possible with the assistance of the High Commissioner, Bruce Gosper and we are grateful. Elissa You’ve just come back from your first Australian Roadshow, how will lead our team of committed staff who continue to have a very did it go? challenging program ahead. Another of your initiatives. Frankly, not having had any involvement Thanks for the interview Ian. Congratulations again. Good luck. The before, I was a bit concerned during the planning stages. Sponsors AustCham staff are great and knowing how committed they are, I’m will only stay on board if events are relevant and supported sure you can look forward to a successful year. by audiences. When we decided that our objectives for visits to Melbourne, Canberra, Sydney and Townsville included the opportunities under the Comprehensive Strategic Partnership, interest in the Roadshow took off. James Cook University offered sponsorship, ANZ re-affirmed their sponsorship for the third year running, and Rio Tinto joined in. Our partner organisations in each city filled their event venues. Three Federal Government Ministers made themselves available to meet us. A relevant theme combined ACCESSASIA | WWW.AUSTCHAM.ORG.SG 7
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"POST Andrew Robb’s post political life appears to be just as hectic as his life in Federal Parliament. POLITICS" He says he enjoys his freedom to now pick and choose his passions. “I remain passionate about the opportunities that will flow from the relationship between Singapore and Australia, underpinned by the trust VIEWS ON building CSP” he said. Andrew credits Singapore as the “first mover” behind the CSP. THE CSP WITH “They came to us with the proposition” he said. “After I cut through the ‘deal–making’ paradigm on our side to focus on a relationship building agreement based largely on trust, things moved ANDREW quickly” said Robb. Andrew’s views on the potential for economic growth in Asia and the strategic position of Singapore are compelling. ROBB “Looking forward, China and India will re-emerge with the same world status they held in 18 of the past 20 centuries. “The shift in the demographics of both countries is huge. Right now, each day, 43000 Indians pack their bags and leave their regional villages for the cities. “China has lifted 500 million people out of poverty, with another 300 million to go” he said. “These major social demographic shifts offer significant business opportunities for Australia and Singapore. “Brand Australia has achieved its position at the top of the global rankings for clean, green, healthy produce. “Innovation in food freshness technology will bring the markets of Asia for our agricultural and horticulture products even closer. “And Singapore is the most efficient distribution hub in Asia” he said. Andrew sees Australia and Singapore as like-minded nations. Andrew Robb, as Australia’s Defence co-operation and the planned training facilities near Townsville, Trade Minister and subsequently for 14,000 Singapore troops each year is one example. as Special Trade Envoy, “There is a natural relationship. championed the Australian side “Our approach to each other is intuitively receptive”, he said. of the Comprehensive Strategic But the opportunities are not limited to food and defence. Growth in trade Partnership (CSP). Andrew left generates growth in Services, Education, Health, Tourism, Infrastructure services, IT, Professional Services etc. politics a year ago and established The Robb Group. Ian Cummin, “All of these sectors benefit when countries are culturally receptive” he said. President of AustCham Singapore, “China is our number one trading partner. The ASEAN region is number recently talked to Andrew Robb two. Japan is number three. about his “post politics” views on “Australia has had 200 years of European settlement. The first 170 were the CSP. focused on Europe and the US. Only during the last 30 years have we seen the shift in our focus to Asia. “The importance of the CSP to both Australia and Singapore needs to be seen in the context of the next 30 years” Robb concluded. ACCESSASIA | WWW.AUSTCHAM.ORG.SG 9
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CONNECTING BUSINESS TO A WIDER WORLD Author Ken Hickson Chairman/CEO Sustain Ability Showcase Asia So well connected is Dr Parag Khanna that he Besides the strong focus on exporting goods an important role to play beyond Australia is Dr talks and writes about it all the time. – traditionally minerals and food - there should Adrian Ward, a specialist in climate policy and be renewed emphasis on the services sector, ecological economics. It’s mainly because he believes everything given Australia's expertise in education, creative is connected. Cities, countries and cultures. He was in Singapore in July to launch an industries, technology, infrastructure finance and His landmark 2016 book “Connectography” international sustainability education initiative by management. spells it out. the Australian Centre for Sustainability Studies Look out for his next book: “Our Asian Future”, and Training (ACSST), which he runs out of The geographic and political lines/borders, where he will further stress the importance Brisbane, in conjunction with the London School invented to keep people apart and contained, of recognising opportunities in our own of Business and Finance (LSBF) and Sustain are bursting at the seams. neighbourhoods. Ability Showcase Asia (SASA). His extensive travels and intensive research Two days after Dr Khanna spoke to AustCham He spoke on “the risks and opportunities of a inspires him and guides him to reach certain members, the State of the Tropics report was low carbon/clean energy revolution” and the conclusions and proffer hopes which he happily released on the UN-designated International Government-recognised course he has run in shares, as he did recently at an AustCham event: Day of the Tropics (29 June) by Professor Australia since 2014 – Diploma of Sustainable • Globalisation is here to stay as Sandra Harding, Vice Chancellor, James Cook Operations, covering carbon, energy, water it’s a resilient megatrend in the University, with campuses in Singapore and and waste management - which he plans to world. Queensland. introduce to Singapore later this year. • Mega-cities compete over The report makes clear the issues and Dr Ward and Professor Harding are already connectivity more than borders; opportunities in the Tropics – which includes deeply involved in the export of services – 40% of Australia’s land mass - and the size of the education, most notably - from Australia to the • New energy discoveries and investment that's required to fund Sustainable region. Along with Dr Khanna, they all have innovations have eliminated the Infrastructure in the Tropics. important messages for Australians living and need for resource wars; doing business in Singapore, the heart of the It specified that US$2.3 trillion needs to be spent tropics. • There is a tug-of-war over every year to meet infrastructure needs by 2030. pipelines, internet cables, That includes US$764 billion on energy; US$234 Recognise how connected we all are. See the advanced technologies and billion on telecommunications and US$385 business opportunities all around us. market access. billion on water and sanitation. Get better prepared to face up to the certain Yet Dr Khanna’s “Connectography” is a hopeful Not many people seem to realise that close to changes that are already occurring – the digital vision of the future. He argues eloquently for the half the world's population lives in the Tropical disruption and the clean energy revolution – deploying of financial assets to build productive regions, which altogether occupy 40% of the along with the inevitable and uncomfortable infrastructure that can reduce inequality. Earth's surface. Some 134 nations and territories future that climate change brings. are all or partly situated in the Tropics. Large He sees that frail regions such as Africa and chunks of five continents and many thousands the Middle East are developing ambitious new of islands. transportation corridors and power grids. he Tropics are most vulnerable to the early T Beneath the chaos of a world that appears to be impacts of climate change and this is already falling apart is a new foundation of connectivity Dr Parag Professor extending the Tropical regions, jeopardising Dr Adrian pulling it together. Khanna Sandra plans to develop places like northern Australia, Ward Harding He thinks it’s important that Australian business and impacting farming, mining and tourism looks beyond China for its future. Increased trade sectors. with Japan, ASEAN and India all look promising. Meeting the UN Sustainable Development Goals While currently an active member of APEC – for the Tropics is not going to be easy, but Asia Pacific Economic Co-operation – Australia James Cook University, through education and should not ignore the opportunities to do more research, is drawing attention to the issues and with its Indian Ocean neighbours, particularly the opportunities. African economies. Another Australian educator who sees he has ACCESSASIA | WWW.AUSTCHAM.ORG.SG 11
AUSTCHAM PRESIDENT'S LUNCH & BUSINESS AWARDS The President’s Lunch and Business Awards secured its position on the front row of the grid of “must do’s” on the Australian events calendar in Singapore. In June we welcomed 240 guests to take part in this celebration of business achievements. The event is also recognised as a premier showcase of fine food, fabulous chefs, marvellous maitre d’s, medal winning wines and celebrity emcees. This Commonwealth Bank sponsored celebration enabled Guy Scott to step down as AustCham’s President with an enduring legacy. And the winners were: 1. Business Alliance Award – the Singaporean company which has demonstrated a significant commitment to Australian trade and investment - Surbana Jurong Private Limited 2. Entrepreneur of the Year Award - the person or company which has most successfully established their own business in Singapore – Dave Pynt 3. Business Excellence Award - the organisation which has demonstrated the most outstanding performance in its field – Pay2Home 4. President’s Medal – the person who has made a significant and lasting contribution to the Australia/Singapore business community – Graham Lee BUSINESS ALLIANCE AWARD Surbana Jurong Private Limited provides one-stop consultancy solutions across the entire value chain of urbanisation, industrialisation and infrastructure domains. SJ, which is wholly owned by Temasek Holdings, was formed in June 2015 through the merger of renowned urban planning and affordable housing design expert Surbana International Consultants, and Jurong International, Singapore’s premiere industrial and infrastructure engineering design stalwart. The merged entities have a proud history developing Singapore’s industrial and residential landscape, stretching back to Singapore’s independence 50 years ago. SJ now aims to be an Asian based consultancy powerhouse for urbanisation and infrastructure developments, exporting its expertise to the world. SJ looked to Australia, given the strong ties between the countries. In August 2016, SJ acquired 100% of Snowy Mountains Engineering Company (‘SMEC’) for approximately SGD 400m. SMEC, also with government roots, initially established by the Australian government in 1949 to build the Snowy Mountains Hydroelectric Scheme, was privatised in 1993 and has since expanded its network to include over 5,800 employees in more than 75 offices throughout the world. The acquisition of SMEC increases SJ’s global workforce to 13,000 employees in 44 countries with a combined annual revenue of SGD 1.3 billion. SMEC’s strength in major infrastructure projects is highly complementary to SJ’s expertise in urban planning, industrial development and management advisory. The synergetic acquisition allowed SJ to become one of the largest Asia-based urban, industrial and infrastructure consulting firms.history of business in Australia and partnerships with Australian companies. ENTREPRENEUR OF THE YEAR AWARD Dave Pynt is the chef-patron of Burnt Ends, a modern Australian barbecue restaurant in Singapore’s Chinatown neighbourhood. Born in Perth, Western Australia, Pynt studied commercial cooking at the TAFE West Coast Institute of Training before travelling to the world to learn from some of the planet’s best cooks. In his career, Pynt has worked with culinary heavyweights including Rene Redzepi (Noma, Denmark; a three-time San Pellegrino World’s Best Restaurant winner), Victor Arguinzoniz (Asador Etxebarri, Spain), Nuno Mendes (Viajante and The Loft Project, London) and Fergus Henderson (St John and St John Bread and Wine, London). 12 ACCESSASIA | WWW.AUSTCHAM.ORG.SG
BUSINESS EXCELLENCE AWARD A Fintech Enterprise in the Payments & Tech space – Pay2Home was founded in Singapore in 2001, by two Australians who set out to disrupt the $500 billion cross border payments space, before it became mainstream. Pay2Home’s reach now spans over 30 countries, with a physical presence in 3 countries and employs more than 80 people around the region. In 2003 the Singapore Government Economic Development Board (EDB now Spring Singapore) took an early equity stake in the business. Singapore IDA the Info-Comm. Development Authority was interested the technologies being used by the business and provided a substantial grant. Pay2Home became the first MAS approved online remittance operator in 2010 and commenced offering online services the same year. In 2011 Pay2Home began its regional expansion, launching its retail and online businesses in Hong Kong upon receiving Remittance Operators Licenses in the territory. The business was granted 5 additional Remittance Operators Licenses by the MAS in 2009, 2010, 2012, and 2016, becoming Singapore’s largest retail remittance operator by point of presence. In 2014 Pay2Home snuck inside the top 1,000 Singapore’s SMEs then steadily advanced its way up the rankings in 2015 & 2016. With Singapore’s first purpose built, multi lingual Money Transfer Machines (MTM). In 2017 Pay2Home received unprecedented MAS approval to roll out 160 Money Transfer Machines (MTM) across Singapore. PRESIDENT'S MEDAL Graham Lee has been a stalwart of AustCham Singapore’s leadership over the last 19 years that he has been involved with the Chamber. Graham has held roles as a Board member, Honorary Secretary, Treasurer and President and has made a significant and positive impact to enhance the relationship between Singapore and Australia. This award is an important recognition for Graham’s efforts, all of which have been made in a voluntary capacity. Graham has led a number of advocacy initiatives on behalf of the Chamber. Graham’s contribution to the strategic direction of AustCham Singapore has been an important factor in the sustained success of the Chamber over the last two decades. Graham is a strong supporter of business and of the political and cultural ties between our two great countries. He has been an active proponent of AustCham Singapore and a true partner of the Chamber. Graham is a deserving winner of the 2017 AustCham President’s Medal. Emmanuel Benardos, Marketing Director Asia, Middle East and Africa for Intercontinental Hotel Group • Dave Pynt - Burnt Ends Restaurants and Bars reports on the culinary side of the • Darren Farr - LOKAL President's Lunch. • Luke Armstrong - Kitchen By Bacchanalia • Jason Jones - Super Loco Yet again, for the 3rd year running (in 2017) some of the finest Australian • Rishi Naleendra - Cheek By Jowl talent has come together for the AustCham Presidents Lunch & Business • Sam Aisbett - Whitegrass Awards. A wonderful opportunity for all Australian Business networks and • Lucas Glanville - Grand Hyatt, Sinapore the wider community to get together to celebrate amazing achievements • Soren Lascelles - Andaz Hotel, Singapore of the winners of the awards, eat the food of some of the best chefs in • The service was provided by the amazing... Singapore, complemented with phenomenal Australian food and drink, • Emmanuel Benardos - Unlisted Collection hospitality.... AKA "service" to match! • Andrew Cameron - Burnt Ends • James Loveridge - Meat Smith The reason that we all chose to participate is not only to work amongst • Sofie Dugdale - Meat Smith our great friends for "one day only" each year but, to express the need • Suasti Lye - Bincho at Hua Bee for community both professionally and personally. The showcase and • Manuela Toniolo - Cheek By Jowl culmination of the amazing things that are being done here in Singapore • Daniel Ballis - Moosehead by Aussies, some you may have of heard of and perhaps others not. • Darren Micallef - Maggie Joan's • Richard Letch - Luxe • Annette Glover - Whitegrass • Paul Rumpff - Intercontinental Hotel, Robertson Quay The organising team of the event from AustCham, yet again did a stellar Our master of ceremonies, flown in from Melbourne was the vivacious job under the direction of Kate Baldock. Lastly, a big thank you to Chef Michael Veitch whom kept the crowd at bay and the event on track, a Lucas Glanville for hosting us all at the Grand Hyatt Singapore and finally spectacular job and well done. It was a pleasure to have him join us this thank you to all of the sponsors: Commonwealth Bank, GEMS World year and who knows, perhaps an encore performance for 2018? Academy, James Cook University, Qantas, Kolega Fisheries, Meat and Livestock Association of Australia, Little Farms, Olsson's Salt, Pialligo The food was cooked by the talented.... Estate, The Australian Superfood Co., Penfolds | Wines. ACCESSASIA WWW.AUSTCHAM.ORG.SG 13
AUSTRALIAN ROADSHOW 2017 Author David C. Campbell Minister ( Commercial), Senior Trade Commissioner Australian Trade and Investment Comission Singapore ‘Singapore & Australia – a New Era’ was the theme of this year’s third Following an introduction from Asia Society Chairman, Doug Ferguson, annual AustCham Roadshow held 7-11 August. High Commissioner Bruce Gosper spoke of the special relationship Australia enjoys with Singapore, and elaborated on the geopolitical issues New AustCham President Ian Cummin, led the delegation that included in the region, and the opportunities that Singapore presents as a regional Australia’s High Commissioner to Singapore, Bruce Gosper, Austrade’s hub for business. There followed a presentation from STIC Campbell, who Senior Trade & Investment Commissioner, David Campbell, and Erica spoke about the opportunities for agrifood exports, and the impressive Marcellan, AustCham’s Director of Membership and Programme. innovation agenda in Singapore, encompassing the R&D landscape and Sponsors of the Roadshow included James Cook University (JCU), Rio Australia’s Landing Pad opportunity. Tinto, and ANZ Banking Group, whose Singapore based Head of Australia The following morning saw the team attend a Trans Tasman Business New Zealand Desk, International Banking, Benjamin Smith accompanied Circle breakfast, followed by an interesting ANZ hosted event focussing on the group on their visit programme to Melbourne, Canberra, Sydney, and healthcare opportunities in Singapore. ICON SOC CEO, Teena Pisarev gave Townsville. a great presentation on the current status of Singapore’s highly regarded This year’s Roadshow focussed on the theme of the upgraded relationship health care system, and discussion focussed on some of the issues that between Singapore and Australia, reflected in the Comprehensive Strategic Singapore is facing in common with most other developed economies Partnership Agreement between the two countries, and changes to the resulting from ageing demographics and the need for new cost effective Singapore Australia Free Trade Agreement (SAFTA) that is currently being approaches to healthcare services. passed through the Parliaments of each country. The Sydney visit concluded with a lunch with the TransTasman Business The Roadshow provided a key opportunity to meet with small, medium and Circle hosted by lawyers, DibbsBarker, where the team participated in large companies covering the full spectrum of industries, to highlight the a lively panel discussion that included some case studies of successful opportunities in Singapore and across the region. Australian companies operating in Singapore. Melbourne was the first location for the team, and Bluescope Steel hosted Next day the team were in Townsville to discuss the impact of the defense a lunch with Bluescope CFO, Charlie Elias and 14 key Melbourne based cooperation between Singapore and Australia that will see Singaporean representatives of AustCham Gold Corporate Members. troops undertake training in the Townsville area. The day started with a tour of the JCU campus and impressive presentation of some of the innovative This was followed by an ANZ ASEAN event hosted by ANZ’s General R&D being undertaken at the University in areas such as Aquaculture, Manager, Corporate Banking, Michael Rose, which included representatives Smart Cities and Urban Technologies, the Internet of Things, and Medical from EDB, CSIRO, accounting and advisory firms PWC and PKF, and Technologies hosted by JCU Vice Chancellor, Sandra Harding. companies including Best Exchange Group, and business management consultants, Collective Campus. Following a luncheon and roundtable organised by Townsville Enterprise, the visit concluded with a civic reception hosted by Townsville Mayor, Next stop was a visit to Canberra where the delegation was hosted by Cr Jenny Hill, again emphasising the enthusiasm and energy with which Canberra Business Chamber for a series of roundtables, forums, and Townsville is embracing the opportunities in ASEAN. networking events – a key focus was the logistics opportunity from Canberra Airport to Singapore and onwards into the ASEAN region, to capitalise The Roadshow again proved itself a great vehicle for communicating on the rapidly growing Asian consumer demand for Australian food and important messaging about the significant opportunities the region presents agriculture produce. Following Ministerial meetings at Parliament House with a vast population of 620 million consumers, a growing consumer class, with Assistant Minister for Vocational Education & Skills, Karen Andrews, and an increasing appetite for Australian goods and services. Minister for Industry, Innovation & Science, Arthur Tsinodinos, and Trade & Investment Minister, Stephen Ciobo, the evening concluded with a dinner hosted by the ACT Chief Minister Andrew Barr, where the delegation heard AustCham Singapore gratefully acknowledges the Roadshow’s two national of opportunities for further development of Canberra and the region. sponsors ANZ and James Cook University, and Rio Tinto as a supporting sponsor. Australia’s High Commissioner to Singapore, Bruce Gosper and the Sydney was next on the itinerary, and included an evening seminar hosted Senior Trade Commissioner, David Campbell both dedicated a week of their by the Asia Society and KPMG at KPMG’s new offices at Barrangaroo. time to participate in the extensive presentation and travel program. 14 ACCESSASIA | WWW.AUSTCHAM.ORG.SG
ROADSHOW PROGRAM OF KEY EVENTS MELBOURNE, 07 AUGUST • Innovation - in particular the role played by Singapore in this area ANZ Roundtable in Melbourne CANBERRA, 09 AUGUST • Panel discussion at Canberra Business Chamber Forum. ACCESSASIA | WWW.AUSTCHAM.ORG.SG 15
Panel discussion at TransTasman Business Circle Forum TOWNSVILLE, 11 AUGUST SYDNEY, 09 & 10 AUGUST Coverage by the Townsville Bulletin 16 ACCESSASIA | WWW.AUSTCHAM.ORG.SG
AUSTCHAM LUNCH WITH MINISTER FOR TRADE, INVESTMENT AND TOURISM AND MINISTER FOR DEFENCE A major Australian ministerial delegation jointly led by the Hon Steven Ciobo Notwithstanding the withdrawal by the U.S. from the Trans Pacific MP, Minister for Trade, Investment and Tourism, and Senator the Hon Partnership (TPP), Minister Ciobo continues to be as advocate. He outlined Marise Payne, Minister for Defence visited Singapore in August. AustCham took pleasure in hosting a business lunch for the delegation, attracting and audience of 180. Bluescope provided major event THE RISE OF PROTECTIONIST sponsorship supported by Austrade and Treasury Wines. The Ministerial visit demonstrates the priority the Australian and Singaporean SENTIMENT HEIGHTENS governments attach to the Comprehensive Strategic Partnership. There are around 25 separate project teams in government working on opportunities INTERNATIONAL TENSION AND under the CSP. Defence and trade are high on the list of priorities. POSES RISKS FOR ECONOMIC DEVELOPMENT Both Ministers gave their keynote remarks, setting the scene for a panel discussion, moderated by AustCham President, Ian Cummin. Minister Payne noted that the significant investment by Defence in training facilities for the Singapore Armed Forces in Central and North Queensland a number of actions he is taking to advance the prospects for the TPP. paves the way for growth in other areas. Services relating to the Minister Ciobo encouraged Australian businesses in Singapore to stay construction and maintenance of infrastructure along with other services abreast of developments under the CSP. He encouraged business to such as education and tourism can benefit from the increase in the number engage with Austrade on the priorities. of SAF personnel training in Queensland. The panel Q&A session was followed by a generous period of direct Both Ministers highlighted the common ground shared by Singapore and engagement by both Ministers with AustCham members and guests. Australia. In particular, the support for fair, open trade policy. The rise of The relaxed “meet and greet” session was a fitting conclusion to another protectionist sentiment heightens international tension and poses risks outstanding Team AustCham event. for economic development. The social benefits of employment growth, prosperity and security are all advanced by fair, liberal international trade. ACCESSASIA | WWW.AUSTCHAM.ORG.SG 17
SERVICES IN Singapore is Australia’s fifth-largest destination for services exports. Australia exported $4 SINGAPORE- billion of services to Singapore in 2015 – over a third of total Australian exports to Singapore. For service suppliers, the ability to establish AUSTRALIA themselves in Singapore, have their employees work in Singapore, and have their qualifications FREE TRADE recognised by Singaporean Authorities are priorities. The amendments to SAFTA will boost AGREEMENT the competitiveness of Australia’s services exporters by addressing key behind- the-border (SAFTA) barriers. Education Services Australian economy and a key growth area in the region. SAFTA will enhance opportunities for Australia’s world-class Financial service providers will now be able to provide a range education exports through increased recognition of Australian of financial services on a cross-border basis to Singapore, tertiary qualifications. In particular, Singapore has agreed to including investment advice and portfolio management services recognise the Juris Doctor degrees of Australian Services Exports and brokerage services for insurance of maritime, aviation and to Singapore Australian universities currently listed in SAFTA, transport-related risks. providing new access for those universities who have moved to a graduate model of legal education, such as the Services Rules in the 21st Century University of Melbourne and the University of Western Australia. The SAFTA Telecommunications and E-Commerce Chapters Separately, Singapore will recognise allied health degrees in have been updated to incorporate aspects of the Trans-Pacific physiotherapy, occupation therapy and speech therapy from a Partnership (TPP) Agreement, to ensure greater consistency number of Australian universities. between trade agreements, and capture the TPP’s modern, 21st- century outcomes. These include: Professional Services • a guarantee not to prevent service suppliers and The revised SAFTA will provide greater certainty for Australian investors from transferring data across borders where lawyers and law firms operating in Singapore, putting them on it is part of business activity; an equal footing with foreign competitors. Australia has locked • businesses will not be forced to build data storage in existing opportunities in the legal sector, including the ability centres, or use local computing services. for Australian lawyers to practice Singapore law and to work • legal protection for consumers to protect privacy, in international commercial arbitration, future-proofing the enforce consumer protection rights, and combat agreement against restrictive policy changes. Australia will also ‘spam’ messages; and benefit from future market reforms in Singapore’s legal sector, • a mechanism to promote reasonable international which will become SAFTA commitments. mobile roaming rates. Australia and Singapore will also establish a framework Temporary Entry for Business Persons under SAFTA to support mutual recognition of professional The Australian business community has a vibrant presence qualifications. Priority will be given to arrangements for engineers in Singapore and SAFTA commitments will support greater and accountants, with Singapore and Australia agreeing to trade and investment opportunities between the two countries. commence negotiations on mutual recognition arrangements. The ability for business persons to move across borders is an integral feature of modern business and vital to boosting trade Financial Services and investment flows. SAFTA will provide greater certainty to Financial services, including banking, insurance and funds Australian and Singaporean service suppliers seeking to enter management, is one of the most dynamic sectors of the and work temporarily in each country’s market through reciprocal 18 ACCESSASIA | WWW.AUSTCHAM.ORG.SG
commitments on work rights. commitments on work rights. and work in Australia in the following categories: • Singaporean independent executives and contractual Specifically, Australian citizens and permanent residents who service suppliers, up from three months to two years; are business persons seeking to enter and work in Singapore • Singaporean intra-corporate transferees up to a new will benefit from new guaranteed access, enhanced certainty maximum stay of 15 years; on length of stay and reduced barriers to labour mobility in the • Singaporeans offering services relating to installation following categories: and servicing of machinery and equipment for up to • Australian independent executives and contractual three months; and service suppliers, up from three months to two years; • Spouses and dependants of Singaporeans granted • Australian intra-corporate transferees, up from two entry as intra-corporate transferees, independent years to three years with a new maximum stay of 15 executives and contractual service suppliers. years; Both Australia and Singapore have agreed to bind existing • Australians offering services relating to installation pre-departure visa approval arrangements for service suppliers and servicing of machinery and equipment for up to guaranteed access under SAFTA. Australian business persons three months; and will also benefit from Singapore’s commitment to establish a help • Spouses and dependants of Australian business desk and streamline visa processes for Australian intra-corporate persons who have been granted entry as intra- transferees seeking to enter and work in Singapore. corporate transferees, independent executives and contractual service suppliers. Australia's commitments will be implemented through Australia's existing immigration frameworks. Australia will provide guaranteed access for Singaporeans to stay More information on the Singapore-Australia Free Trade Agreement is available at www.dfat.gov.au/fta/safta ADVANCE YOUR DIRECTOR CAREER with the International Company Directors Course Working across countries, cultures and regulatory FIVE DAYS CAN MAKE ALL THE DIFFERENCE: frameworks is exhilarating but challenging. 13 to 17 November 2017 Shangri-La Hotel Singapore Suitable for directors and senior executives working in an international 22 Orange Grove Road, Singapore context, our flagship International Company Directors Course will help CONTACT US: you better understand and navigate the complexities of international t: +61 2 8248 6600 governance, based on global principles. e: international@aicd.com.au Over five days the important areas of directors’ duties, the w: companydirectors.com.au/international international legal environment, risk and strategy, financial literacy and board effectiveness are explored and discussed, providing you with a deeper understanding of the risks, challenges and opportunities faced when operating internationally. 06010-1_17 ACCESSASIA | WWW.AUSTCHAM.ORG.SG 19
OUT&ABOUT ANNUAL GENERAL MEETING 2017 THU 22 JUNE 2017 Our Annual General Meeting 2017 was held at the Australian High Commissioner's residence. The UPCOMING financial report showed a very favorable position for the Chamber. The new President, Ian Cummin was EVENTS elected by the Board. 1. Ian Cummin BUSINESS BRIEFINGS IN CONVERSATION WITH - STEVE MELHUSIH 2. Adam Lyle MON 11 SEP 2017 3. Benjamin Tan, Annette Tilbrook, Derek Mackenzie, David Campbell, Fraser Thompson, John PRESENTING SPONSOR Dick, Ian Cummin, Dr Chua Yong Hai, Adam Lyle and Philip Forrest 4. Mark Laudi, Bruce Bird, Belinda Braggs and Paul Falzon 5. Sheridan Ingram, Jodie Collins and Chelsea Tee VENUE SPONSOR INSIDE BUSINESS - NAVIGATING ECOMMERCE WED 27 SEP 2017 VENUE SPONSOR LAUNCH PAD - YOUR CUSTOMERS HAVE CHANGED, HAS YOUR BUSINESS? WED 04 OCT 2017 COLLABORATION WITH VENUE SPONSOR 1 2 3 4 5 austcham.org.sg/events 20 ACCESSASIA | WWW.AUSTCHAM.ORG.SG
OUT&ABOUT IN CONVERSATION WITH - PARAG KHANNA TUE 27 JUNE 2017 It was a great turn out at our In Conversation With session where we invited the author of Connectography – Mapping the Future of Global Civilization who recently released another book titled Technocracy in America: Rise of the Info State, Parag Khanna. Participants got the opportunity to get to him and learn about his success. 1. Miles Gooseman, Philip Forrest and Michael Feller 2. Will Millsteed and Richard Martin PRESENTING SPONSOR VENUE SPONSOR 1 2 LAUNCH PAD - BACK OFFICE COMPLIANCE - ACCOUNTING AND TAX WED 05 JULY 2017 We invited Will Tipping, Senior Manager Accounting Advisory Services, KPMG Singapore to our Launch Pad session - giving us an overview of the compliance requirements for having a company under the Companies Act, Employment Act, annual filing requirements and responsibilities of directors. 1. Yong Chee Wai and Will Tipping COLLABORATION WITH VENUE SPONSOR 1 ACCESSASIA | WWW.AUSTCHAM.ORG.SG 21
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OUT&ABOUT IN CONVERSATION WITH - JOSEPH ZEIGLER WED 19 JULY 2017 Joseph Ziegler, Manager of Austrade’s Singapore Landing Pad shared with us what it's like to work in Silicon valley and how the start-up scene is growing here in Singapore at one of our In Conversation With events. 1. Jordan Gall and Phil Aldridge 2. Sebastien Barnard and Joseph Ziegler PRESENTING SPONSOR VENUE SPONSOR 1 2 SPECIAL BREAKFAST - ASEAN 50TH ANNIVERSARY THU 27 JULY 2017 As ASEAN celebrates its 50th anniversary this year, it is timely to reflect on the achievements that have been made in building trust, creating habits of cooperation, and fostering regional economic integration. For our Special Breakfast we brought together the Australian ASEAN Ambassador, Head of Research of ANZ and the Regional Business Manager of Treasury Wine Estate Asia (SEA) to discuss the future trends and look back on key achievements that have already been made. We also launched our Australian Business in ASEAN Survey for 2017. 1. Fraser Thompson, H.E. Jane Duke, Khoon Goh and Chris Coburn 2. Vinayak Herur, Patricia Koo and Mark Harding 3. Wayne Crosbie 1 EVENT SPONSOR 2 3 ACCESSASIA | WWW.AUSTCHAM.ORG.SG 23
OUT&ABOUT PRESIDENT'S LUNCH AND BUSINESS AWARDS FRI 16 JUNE 2017 Over 240 guests joined us to celebrate Australian business excellence and those who work to build better ties between our two countried. The long lunch at Grand Hyatt was hosted by Australian comedian Michael Veitch and featured premium Australian food and wine prepared by world class Australian Chefs. EVENT AND AWARD SPONSOR SUPPORTING PARTNER AND AWARD SPONSOR AWARD SPONSOR SUPPORTING PARTNER AND FLIGHT SPONSOR GOURMET SPONSOR WINE SPONSOR 1. Emmanuel Benardos, Wayne Salamonsen, David Hulme, Graham Lee, Daniel Teo and Guy Scott 1 austcham.org.sg/events 24 ACCESSASIA | WWW.AUSTCHAM.ORG.SG
OUT&ABOUT 2. Abhishek Bhati and PJ Robers 3. Stephen Berton and Cheong Yan Law 4. Jonathan Glickfeld and Goran Miljanic 5. Tamara Louis and Lilin Teo 6. Lena Loh and Scott Douglas 2 3 4 5 6 ACCESSASIA | WWW.AUSTCHAM.ORG.SG 25
OUT&ABOUT BUSINESS CONNECTS JULY THU 20 JULY 2017 Our Business Connects July at the Dallas Restaurant & Bar, Suntec Skygarden was a sold out event. An evening of networking, a perfect opportunity for you to network within the Australian business UPCOMING community and connect with other AustCham members. EVENTS SOCIAL EVENTS BUSINESS CONNECTS 1. Amanda Tse, Catherine Chow, Andrew Bomford and Anthony Hoglind SEPTEMBER 2. Joy Leslie, Jonn Tan, Olga Ponomareva and Simon Leslie THU 21 SEP 2017 3. David Leong, Bruno Mascart and Charles Wachira EVENT SPONSOR 4. Nicholas Cocks, Stefon Henry and Lynton Torode 5. Philip Forrest and Leigh Stewart 1 2 3 4 5 austcham.org.sg/events 26 ACCESSASIA | WWW.AUSTCHAM.ORG.SG
WHY JOIN AUSTCHAM SINGAPORE? ACCESSASIA | WWW.AUSTCHAM.ORG.SG 27 Contact us at members@austcham.org.sg to learn what we can do for your business.
NEW MEMBERS GOLD WESTPAC BANKING TREASURY WINE TREASURY WINE CORPORATE CORPORATION ESTATE ASIA (SEA) ESTATE ASIA (SEA) MEMBERS MICHAEL WILLIAMS PTE LTD PTE LTD Head of Loan Markets KINYI CHOO RACHEL CHEW Asia General Manager Executive Assistant http://www.westpac. https://www.tweglobal.com com https://www.tweglobal.com CORPORATE AMCOR SINGAPORE AUSTRALIAN HIGH AUSTRALIAN HIGH AUSTRALIAN HIGH MEMBERS PTE LTD COMMISSION COMMISSION COMMISSION ROELOF WESTERBEEK WILLIAM CRAGO PSM LAUREN HERNANDEZ CHRISTIAN JACK President Counsellor and Consul Second Secretary Second Secretary, General www.singapore. Economics www.amcor.com www.singapore. embassy.gov.au www.singapore. embassy.gov.au embassy.gov.au MARCUS COONEY & HAWKSFORD IMA ASIA PTE LTD MATRIXX ASSOCIATES PTE LTD RICHARD MARTIN MANAGEMENT SINGAPORE PTE LTD DR BERNARD SIEW Managing Director PTE LTD IRENE TAN Clinic director http://www.imaasia.com ROBERT CLEMENTS Business Development www.smilefocus.com.sg/ Manager VP Sales & Business gov.au Development www.guidemesingapore.com www.matrixxmanagement.com 28 ACCESSASIA | WWW.AUSTCHAM.ORG.SG
GOLD CORPORATE MEMBERS Save the date ANZ Australia Day Ball 2018 27 January 2018 AUSTRALIAN HIGH AVONDALE GRAMMAR COMMISSION SCHOOL KATE DUFF KERRIANN TYSON- Deputy High JONES Commissioner Sales & Marketing www.singapore. Manager embassy.gov.au www.avondalegs.com.sg MONTREUX JAZZ CAFE OCCULUS PTE LTD SINGAPORE CIANTA SENEVIRATNE ARJEN BLOM CEO General Manager www.occuluspl.com http://montreuxjazzcafe.com/ en/cafe/singapore
NEW MEMBERS CORPORATE ORIGINALS PRECIOUS TREASURE PTE LTD ST. JAMES’S PLACE (SINGAPORE) PRIVATE LTD MEMBERS GERI MURPHY Director JEANNE NG ANIL SCOTT www.originals.com.sg Director Associate Partner www.fullertonhotels.com www.sjp.asia ASSOCIATE MEMBERS CONNOLE CARLISLE RADLEY PROPERTY MURPHY MICHAEL RADOVNIKOVIC Managing Partner Director http://connolecarlisle. www.radleyproperty.com com.au/ 30 ACCESSASIA | WWW.AUSTCHAM.ORG.SG
TELSTRA SINGAPORE PTE TELSTRA SINGAPORE PTE WORLD FIRST LTD LTD THOMAS ARCHAN SHETTY DAVID BURNS Corporate Sales Manager Chief of Staff GMD Group Managing Director, www.worldfirst.com www.telstraglobal.com International & Global Services www.telstraglobal.com INDIVIDUAL MEMBERS DIEBOLD NIXDORF HP INC. REXEL SOUTH EAST ASIA MALKARA CONSULTING THOMAS KARAKALOS SCOTT BAFORD JOANNE BJELANOVIC PATRICIA NICOLE GABB Regional Vice President General Manager Chief Financial Officer Business Advisor Managed Service, www.rexel.com www.malkaraconsulting.com Asia Pacific www.dieboldnixdorf .com MALKARA CONSULTING STANDARD CHARTERED BANK CHRISTOPHER DOUGLAS JAY HOUSE Consultant Director www. malkaraconsulting.com ACCESSASIA | WWW.AUSTCHAM.ORG.SG 31
MEMBERSHIP CARD OFFERS PRESENT YOUR AUSTCHAM MEMBERSHIP CARD AND ENJOY THESE BENEFITS travel QANTAS Complimentary business class check-in for you and your family at the Qantas lounge in Singapore business services AIMS IMMIGRATION SPECIALIST 15% discount on professional fee at AIMS Immigration Specialist CITY DEVELOPMENT LIMITED 10% discount on facilities and services at City Serviced Offices CLIFTONS 25% discount on room bookings GEEK TEAM ASIA 20% discount on all your technology support needs HELIOS MEDIA DESIGN Up to 50% off restoration services ISENTIA Up to 30% discount of standard rate card LAW IN ORDER Enjoy 15% off a range of business administrative services LEVEL3 A complimentary month of 'Community Membership' RUNNINGSTREAM 50% discount for the first year proprietary Portfolio Program SERVCORP Enjoy one month complimentary ‘The Virtual Office’ package education & training BRITISH COUNCIL 20% off all corporate training workshops COALFACE DIALOGUE Special members’ rates on selected professional development program GEMS WORLD ACADEMY SINGAPORE Priority discounts & preferential discounts for enrolments in the 2016-2017 academic year PM-PARTNERS Enjoy 20% off standard price of any public or in-house training course SINGAPORE MANAGEMENT UNIVERSITY Receive 5% discount on selected SMU Executive Development Programmes THE CHANGE SCHOOL Enjoy 20% off on selected corporate workshops and retreats WHITE LODGE Free trial class for your child at any one of eight centres throughout Singapore financial services PAY2HOME Enjoy money transfers to Australia for a flat fee of $15 (save 25%) QBE SINGAPORE 20% discount on personal lines including Home, Motor and Travel coverage health services ALL IN THE FAMILY COUNSELLING Enjoy special rates for counselling sessions DENTAL ESSENCE Special members’ rates for consultations lifestyle and entertainment THE BRITISH CLUB 50% off Associate Transferable Membership for only $8,000+ GST EATPLAYLIVE 50% off the purchase price for 12 months access to EatPlayLive, Asia’s premier lifestyle app BOUNCE SINGAPORE 10% off General Access Tickets 32 ACCESSASIA | WWW.AUSTCHAM.ORG.SG
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