Britain in Hong Kong December 2011
18
By Mark Millar Economic Growth across Asia Whilst western developed markets are experiencing tough times, we see encouraging economic growth throughout Asia’s complex mix of emerging, developing and developed markets. Asia has for many years been the workshop of the world, deploying plentiful low- cost labour to manufacture goods for export to consumers in the west. In recent years, expanding economic prosperity – in large part fuelled by the success of the manufacturing sectors – is seeing the rise of increasingly prosperous consumers. It estimated by OECD that by 2030 Asia will account for 66% of the world's middle class, up from 28% in 2009. Thus we are seeing rapid expansion in markets throughout Asia and these continuing growth patterns are presenting multiple challenges in the area of Human Capital, where the supply cannot meet the demand, resulting in the Battle for Talent in Asia. In the Gartner 2011 survey, CEO’s identified ‘Attracting Skilled Workers / Talent’ as their number two priority, second after retaining existing customers. Demand Drivers Capitalising on the growth potential in the Asia region is becoming increasingly important on the executive agenda and this is driving increasing demand for experienced professionals across all job functions and all industry sectors. Over and above the well established out- sourced manufacturing bases we now have the rapidly developing consumption economies in the Asia region - in particular India, China and Vietnam - also driving demand for experienced practitioners. Limited Supply However, the overall pool of talent is not expanding rapidly enough for the supply to keep up with the demand – and hence the spiralling payroll costs as organisations fiercely compete to attract the limited talent that is available. Especially in these developing markets - where both production and consumption are rapidly expanding - there is simply not enough talent to satisfy the existing demand, let alone support continuing rapid growth. Although with Asia’s large populations there is substantial critical mass of labour - with an abundance of talent, a wide range of skills and plenty of experience, there is not a deep enough pool of workers with the right skills and experience – and in the right place, thus causing the current skills shortage across all sectors. An employment survey conducted by Logistics Executive throughout the Asia region identified logistics, supply chain and customer-facing roles the most difficult roles to recruit for. In response to the question ‘Which functions have you found it most difficult to recruit for?’ the survey results showed the following as the top five categories: 1. Logistics & Transport 2. Supply Chain 3. Distribution & Warehousing 4. Sales & Business Development 5. Customer Service The “Battle for Talent” needs to be fought on two fronts – Attraction and Retention. Organisations need to be thinking from the employee’s perspective and consider two simple questions – ‘Why should I choose to join this company?’ and ‘Why should I chose to stay at this company?’ Attraction Amongst the fierce competition to attract the best talent, it is essential for organisations to adopt a marketing type of approach to its human resources activities. Within their respective industry sectors, individual businesses need to promote their company image and build their brand – as an “employer”, over and above their market positioning as a supplier. In the current environment companies are not only competing for customers, they are also competing for employees. The Battle for Talent in Asia Beach Cleanup Travel Wine PAGE12 Venture Photography In This Issue (Continued on page 2) December 2011 • Vol 26 • No 11 www.britcham.com Plus • News / New Appointments • Events • Shaken Not Stirred PAGE10 PAGE 8 PAGE 6
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Britain in Hong Kong is the highly regarded monthly magazine of the British Chamber of Commerce in Hong Kong. The magazine is sent out to all full members both in Hong Kong and abroad, as well as to a database of other key contacts in Hong Kong. The magazine features news and articles supplied by member companies. Members are entitled to submit news items, new appointments as well as informative articles.
Transcript of Britain in Hong Kong December 2011
By Mark Millar
Economic Growth across AsiaW h i l s t w e s t e r n d e v e l o p e d m a r k e t s
are exper iencing tough t imes, we see
encouraging economic growth throughout
Asia’s complex mix of emerging, developing
and developed markets.
Asia has for many years been the workshop
of the wor ld , dep loy ing p lent i fu l low-
cost labour to manufacture goods for
export to consumers in the west. In recent
years, expanding economic prosperity –
in large part fuelled by the success of the
manufacturing sectors – is seeing the rise
of increasingly prosperous consumers. It
estimated by OECD that by 2030 Asia will
account for 66% of the world's middle class,
up from 28% in 2009.
Thus we a re see ing rap id expans ion
in markets throughout Asia and these
continuing growth patterns are presenting
multiple challenges in the area of Human
Capital, where the supply cannot meet the
demand, resulting in the Battle for Talent
in Asia. In the Gartner 2011 survey, CEO’s
identifi ed ‘Attracting Skilled Workers / Talent’
as their number two priority, second after
retaining existing customers.
Demand DriversCapital is ing on the growth potent ia l in
the Asia region is becoming increasingly
important on the executive agenda and this
is driving increasing demand for experienced
professionals across all job functions and all
industry sectors.
Over and above the well established out-
sourced manufactur ing bases we now
have the rapidly developing consumption
economies in the Asia region - in particular
India, China and Vietnam - also driving
demand for experienced practitioners.
Limited SupplyHowever, the overall pool of talent is not
expanding rapidly enough for the supply
to keep up with the demand – and hence
the spiralling payroll costs as organisations
fi ercely compete to attract the limited talent
that is available.
Especially in these developing markets -
where both production and consumption
are rapidly expanding - there is simply not
enough talent to satisfy the existing demand,
let alone support continuing rapid growth.
Although with Asia’s large populat ions
there is substantial critical mass of labour -
with an abundance of talent, a wide range
of skills and plenty of experience, there is
not a deep enough pool of workers with
the right skills and experience – and in the
right place, thus causing the current skills
shortage across all sectors.
An employment survey conducted by
Logistics Executive throughout the Asia
region identifi ed logistics, supply chain and
customer-facing roles the most diff icult
ro les to recrui t for. In response to the
question ‘Which functions have you found
it most difficult to recruit for?’ the survey
results showed the following as the top fi ve
categories:
1. Logistics & Transport
2. Supply Chain
3. Distribution & Warehousing
4. Sales & Business Development
5. Customer Service
The “Battle for Talent” needs to be fought on
two fronts – Attraction and Retention.
Organisations need to be thinking from the
employee’s perspective and consider two
simple questions – ‘Why should I choose to
join this company?’ and ‘Why should I chose
to stay at this company?’
AttractionA m o n g s t t h e f i e r c e c o m p e t i t i o n t o
attract the best talent, it is essential for
organisations to adopt a marketing type of
approach to its human resources activities.
Within their respective industry sectors,
individual businesses need to promote
their company image and build their brand
– as an “employer”, over and above their
market posit ioning as a supplier. In the
current environment companies are not
only competing for customers, they are also
competing for employees.
TheBattle for Talentin AsiaBeach Cleanup
Travel
Wine
PAGE12Venture Photography
In This Issue
(Continued on page 2)
December 2011 • Vol 26 • No 11
www.britcham.com
Plus• News / New Appointments• Events• Shaken Not Stirred
PAGE10
PAGE 8
PAGE 6
Particularly important for companies that do not have global brands or prestigious industry
positioning in the multi-national arena, is the need to increase their presence and profi le on
the radar of potential future employees, through various marketing activities.
Tactics to deploy include active and public participation in community activities, engagement
with the relevant industry associations and regular exposure in the trade publications –
these will all help towards positioning your company as an employer of choice.
In addition, with the increasing awareness and concern throughout society about
environmental issues, a company having - and articulating - clear policies and strategies on
Corporate Social Responsibility (CSR) is escalating in importance as one of the factors for
consideration by potential employees.
Developing linkages with the relevant education sectors and institutions will assist in developing
options for entry-level talent acquisition. In my view, this represents substantial opportunity
for employers to attract local talent into their organisation at grass roots level, deploy
graduates through job rotation and management development programs, thus generating a
home-grown pool of talent with high levels of commitment loyalty to the employer.
All too often, it seems that the majority of organisations do not have enough patience,
management bandwidth or the investment perspective to adopt this approach – and
therefore continue to poach talent from their competitors, thus exacerbating the challenges
and increasing the costs – for everyone.
In a recent survey of C-level executives, more than half of respondents describe ‘experience
within the industry’ as the best source of talent – this means that organisations prefer to
improve their human capital by recruiting experienced people away from their competitors.
However, you have to create attraction strategies over and above just more money. As John
Nolan, senior vice president of HR for Unilever in Asia says “you have to offer employees
a reason to want to work for YOU. Employees need to feel they are not only pursuing a
career, but that they have a chance at impacting the world and the community.”
In addition to the dollars and cents of the salary and benefi ts package, companies that offer
ongoing training and development programs leading to varied career opportunities are likely
to be successful in attracting good quality talent.
Successful Selection supports RetentionIt should be noted that due diligence during the recruitment and selection process will increase
the likelihood of successful deployment and increase retention. Selecting the right candidate
for the right role requires experience and expertise - combined with clear communications.
One of the most common reasons for managers leaving within one year is the job role
failing to meet their expectations. Another is candidates using the job as a hopping platform
to better offers. Thorough discovery during the recruitment process – engaging expert
external resources as required – will play a large role in mitigating these risks.
RetentionHaving successfully attracted the talent and selected them to join your organisation, the
challenge then becomes how to retain them for as long as possible. Active Retention should
form a key component of your company’s overall Talent Management strategy – and this
should start right from day one.
Successful on-boarding is an essential start to inducting new hires – this includes
rapidly integrating new staff into the organisational culture and the day to day
business of how the company works. Structured induction programs providing broad
exposure throughout the organisation and deep immersion into the new hire’s specific
functional areas, together with developing a crystal-clear understanding of roles,
responsibilities, deliverables and measurements, are all key elements of best-in-class
on-boarding programs.
The fi rst ninety days of the new recruit’s experience within your organisation will have a
signifi cant impact on their longevity in your company. Hence the fi rst three months of the
new employee’s tenure – whilst they are getting up to speed, not necessarily delivering
results just yet, during something of an investment phase – will play a major role in
increasing employee retention rates.
I encourage focusing extra due care and attention during this start-up phase to ensure a
positive, welcoming, encouraging experience for the new recruits – extra efforts here will
pay dividends later on.
In addition to successful on-boarding programs for new employees, companies also need
strategies and tactics to improve Retention on an ongoing basis.
Back-to-Basics best-in-class business practices for supervision and management can
make a huge impact. Some of the key drivers of employee satisfaction – which in turn has a
major infl uence on retention – are enshrined in basic management principles.
Generally speaking, Satisfi ed Employees...
• clearly understand the requirements and expectations from them,
• feel they have the tools, time and training to do their job properly
• see opportunities within the company to learn and grow
• feel rewarded, recognised and appreciated
Hence, working on employee satisfaction is a key part of employee retention. Other
strategies to increase employee retention include organisational belonging – creating and
nurturing a work environment where employees feel a sense of belonging – to their team,
their department and the company – inside and outside of work hours.
One example I recently came across in Vietnam is a consumer products company that adopted
three specifi c strategies which have increased employee loyalty and improved retention:
• Company sponsorship of sports activities and company sports teams - engenders
company belonging, loyalty and community spirit, and facilitates opportunities for
workers to enjoy team and social activities together outside of work hours
• Job Rotation program enabling employees to progress horizontally across different
departments – at the same pay scale – but providing opportunities to broaden their
experience and learn new skills
• Performance related cash bonuses - at individual and team level – for specifi c results
achieved over and above expected targets, providing opportunity to increase take home
pay – funded by results above and beyond budgeted levels
ConclusionAn organisation’s human capital assets are increasingly a major source of competitive
advantage and a key driver of profi tability.
This is particularly true in service oriented sectors, where, despite the huge investments
in physical assets and information technology, at the end of the day it is the employees’
actions that empower the effective and effi cient execution of the company’s supply chain
ecosystem – essential for success in modern business.
The current imbalance in the talent market refl ects inadequate supply to meet the increasing
demand - and this is increasing business costs, both directly on the payroll and indirectly
though higher turnover and additional recruitment.
Attraction and Retention are critical success factors for effective talent management - and
there are several creative ways to improve performance in these key areas – over and
above the salary package. Adopting marketing strategies from an employer perspective will
increase attractiveness, whilst additional due diligence during the recruitment process will
enable successful selection. Effective on-boarding and ensuring a positive and successful
fi rst ninety days for new hires will substantially infl uence retention over the longer term.
Mark Millar leverages 25 years of global business experience to provide consulting,
advisory, education and recruitment services that create value for clients by empowering
business performance. Acknowledged as an industry thought leader, clients have engaged
Mark as speaker, moderator, conference chairman or Master of Ceremonies at more than
200 functions in 17 countries. He serves as Chair of the Logistics Committee at the British
Chamber [email protected]
www.br i tcham.com2
COVER STORY
(Continued from cover)
HIT TOUR . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5BEACH CLEANUP . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6MTR TOUR . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7WINE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8TRAVEL . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10VENTURE PHOTOGRAPHY . . . . . . . . . . . . . . . . . . . . 12PERSPECTIVE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
NOVEMBER EVENTS . . . . . . . . . . . . . . . . . . . . . . . . . 14UPCOMING EVENTS . . . . . . . . . . . . . . . . . . . . . . . . . 15NEWS / NEW APPOINTMENTS . . . . . . . . . . . . . . . . . 16MEMBER DISCOUNTS . . . . . . . . . . . . . . . . . . . . . . . . 17NEW MEMBERS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18SHAKEN NOT STIRRED . . . . . . . . . . . . . . . . . . . . . . . 19
As I write this the EU is in the middle of trying to secure agreement around the Euro, the PMI index in China slipping below 50 and
the US debt mountain continuing to grow it is hard to be optimistic going into 2012. However the great thing is that corporates are
performing very well and it would it not be a great thing if our businesses could run a country’s fi nancial matters for a year or two......
I am sure they would do a much better job than some of the politicians!
In Hong Kong of course we are extremely lucky as the economy here has held up well over the Year, our surplus is strong and with
China now focusing on Hong Kong as its fi nancial and professional services hub I have no doubt that Hong Kong is in good stead for
another year of prosperity during 2012.
As I look over the year I am delighted with how the British Chamber has performed. We are fi nancially strong, we have excellent
relationships with the government and all the political parties in Hong Kong, the quality and depth of our membership and committees
are to be admired. We have focused on the real issues in Hong Kong and we are making a difference.
We have made clear our position on the minimum wage - whilst supporting it we were not impressed with the implementation. We
have focused on the challenges of a severe lack of International school places, this has now become a business issue on which all the
chambers here are concentrating their attention, it is being raised in Legco and I fi rmly believe we will see progress very soon.
On the competition law, it is becoming very apparent that the law as it stands is not workable. We have requested clear terms of
references; vertical arrangements exclusions and for public bodies to be included. As it stands the law is looking more like a selective
tool to prod only a few sectors including the retailers and airlines. This we cannot and will not support.
On the side of conferences and speaking, we have held hundreds of events during the year, with excellent feedback. We have hosted
many ministers and politicians and I am delighted to see Hong Kong being squarely in the sights of the British government’s push for
more exports to the region. It is great to see Hong Kong is the only non-capital on the focused list.
Regarding forthcoming events we are delighted to host Dr. Colin Selby of Selby & Mills Ltd, who will be addressing audiences in
January 2012, on creating the right mindset at a lunch seminar, there is an opportunity for attendees to complete a mindset or
competency assessment before the presentation and receive their own personal report when they attend. This should be interesting!
Another key event to mark on your calendar which is being organised by the Chamber's Environment Committee, is a half day visit to
TIOSTONE Environmental Limited. It is an opportunity to witness how glass and construction waste is recycled into paving bricks in
Hong Kong. The tour will start at the glass collection point in Wanchai, followed by a tour of the glass recycling factory and will end by
showing you the fi nal application of Eco-Glass Bricks.
Finally and most importantly it is Christmas, in the fi rst instance I would like to thank Christopher and all the staff for a great year.
I would also like to wish all our Members and your families a Merry Christmas and a Happy and Healthy New Year. The British
Chamber’s membership is contributing enormously to the success of Hong Kong, please all take time out and enjoy the break.
Merry Christmas and have a splendid 2012!
Kevin Taylor
CHAIRMAN’SMESSAGE
EditorSam Powney
DesignBill MoAlan WongKen Ng
Advertising ContactCharles Zimmerman
Project ManagementVincent Foe
Jointly Published by Speedfl ex Medianet Ltd andThe British Chamber ofCommerce in Hong Kong1/F, Hua Qin International Building340 Queen’s Road Central, Hong KongTel: 2542 2780Fax: 2542 3733Email: info@speedfl ex.com.hkEditorial: Ian@speedfl ex.com.hk sam.powney@speedfl ex.com.hkAdvertising: charles@speedfl ex.com.hk
British Chamber of Commerce Secretariat
Executive DirectorCJA Hammerbeck CB, CBE
General ManagerCynthia Wang
Marketing andCommunications ManagerEmily Ferrary
Special Events ManagerBecky Roberts
Events ExecutiveMandy Cheng
Business Development ManagerDovenia Chow
Membership ExecutiveLucy Jenkins
AccountantMichelle Cheung
Executive AssistantJessie Yip
SecretaryYammie Yuen
Offi ce AssistantSam Chan
Room 1201, Emperor Group Centre, 288 Hennessy Road, WanchaiTel: 2824 2211Fax: 2824 1333Website: www.britcham.com
© All published material is copyright protected. Permission in writing from the Publishers must be obtained for the reproduction of the contents, whole or in part. The opinions expressed in this publication are not necessarily the opinions of the Publishers. The Publishers assume no responsibility for investment or legal advice contained herein.
The Magazine of the BritishChamber of Commerce in Hong Kong
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Baker Tilly Hong KongBusiness Angel Programme
Take your businessto
new heights
If you have a great idea or have started a new business and are looking to grow, the Chamber would like to help.
The Baker Tilly Hong Kong Business Angel Programme, run by the British Chamber of Commerce, brings entrepreneurs and investors together to create exciting new partnerships. It gives entrepreneurs with new business ventures, or SMEs looking for funding to expand, the opportunity to present their business plan to potential investors (known as Angels).
Applicants, who do not need to be members of the British Chamber of Commerce, should be seeking to raise between USD100,000 to USD2,000,000. Shortlisted applicants will be given advice and assistance by a sub-committee of experienced professionals.
The next event will be taking place in March 2012 and the deadline for applications is Friday 10th February 2012.
If you’re an entrepreneur or SME looking for investment, and would like to fi nd out more about this programme, please visit our website or email [email protected]
Calling all Start Ups!
Sponsored by:
YNetwork Director’s Club DinnerHosted by James Riley, CFO of Jardine MathesonWritten by Rory Gammell – Jones Lang LaSalle Limited
November saw the fi rst Director’s Club dinner of 2011 for our YNetwork members hosted
by James Riley, Group Financial Director of one of Hong Kong’s oldest trading companies
of British origin - Jardine Matheson Ltd.
The evening was held in the pristine Penthouse at the top of Hongkong Land’s iconic Jardine
House, with stunning panoramic views from the balcony over Hong Kong’s illuminated
harbour. Having been a legendary previous Chairman of the British Chamber (2008-10) and a
supporter of the young executives within it, James was of course an excellent host.
James is instantly recognisable as an amicable, well brought up, charismatic Brit. However, under
the skin he is clearly a razor sharp, calculating machine who knows every nook and cranny of
his business. The YNetwork did their best to delve deep with a wide range of grilling questions
relating to Jardines’ past - the good times, the bad times and its performance over the years. One
banker was surprised to learn that Jardines, although a listed company, had never undertaken an
investor roadshow. Another guest, a property expert, was surprised to learn that Jardines were
not interested in the buy low, sell high concept! It was soon made clear that Jardines is all about
‘the long game’ – making the best of an asset or business over time, and holding onto it. To the
unique and diverse business model of Jardines, it was noteworthy to hear his atypical views
on their business and how they have achieved growth and provided shareholder value. James
defi nitely took some gruelling questions, but all in good spirit! Every question was answered in
depth with eloquence, usually backed up with examples – almost as if rehearsed.
While being plied with endless courses of delicious food and wine, conversation moved
onto James’ life, his interests, his travels, and how he came to live in Hong Kong. James
began his career as a Chartered Accountant and went into investment banking with
Kleinwort Benson in the 90s which took him to Argentina. From there he was offered a job
with Jardines in Hong Kong, but it wasn’t plain sailing from the beginning...
When James fi rst fl ew over to Hong Kong on an exceptionally bumpy plane journey with his then
pregnant wife, he had a hellish fi rst week. Upon arrival he discovered he was to be the Executive
Assistant to the Chairman – a role that involved a substantial amount of logistical admin,
which hadn’t been in the original job description! James humbly admitted that this role didn’t
suit him at all, referring to one occasion where he accidentally took the Managing Director on the
Star Ferry to Wanchai instead of to Central! Fortunately the Managing Director saw the funny side
of this, assigned James a preferred role, and the rest, as they say, is history. James sailed up the
ranks within the Jardines Group, gaining exposure to their Motors Property business, Jardine
Cycle & Carriage and Hongkong Land, eventually becoming responsible for the businesses
grouped under Jardine Pacifi c, and later an Executive Director of Jardine Matheson Holdings.
On top of his successes within the Jardines Group, James is the Chairman of the Royal
Geographic Society in Hong Kong, which has grown enormously in popularity since he took
the reins. Their annual dinner in November was their largest ever recorded, with a talk by Sir
Ranulph Fiennes, probably the world’s greatest living explorer. One can only wonder what is
the next trick that James has up his sleeve...
On behalf of the YNetwork, I’d like to pass on our thanks to James for being excellent
company, and for hosting a fascinating evening in an elegant location.
If you would like to learn more about how you can attend the next Director’s Club dinner
please email Lucy Jenkins [email protected].
www.br i tcham.com4
BUSINESS
On 26th October, 2011 the British Chamber of Commerce’s Logistics Committee once
again led a team of industry enthusiasts up to Kwai Ching Port for a fascinating tour of one
of the world’s busiest container ports, the Hongkong International Terminals (HIT) facilities.
Following the success of the tour in 2010 the Committee decided to arrange another visit
and the afternoon was once again hosted by John Harries, the Port Development Director.
The tour was split into three parts, starting with a
comprehensive and informative history about the
development and operations of Kwai Tsing Port.
This was followed by a visit to HIT’s control centre
and fi nally a coach tour of the terminal berths and
storage yard facilities.
Initially the group was led to the Headquarters
where John delved into the history and described in
fi ne detail how the Hongkong International Terminals came into being. Hong Kong has had
a long maritime history dating back to the mid 19th century. Interestingly, however, it was
only in the 1960s, when a report on containerisation was produced which indicated that the
government had started to think about building a purpose-built container terminal. It was
not until 1970 that construction of the fi rst three terminals started and things moved swiftly
from there with work on Terminal 4 commencing in 1974.
To begin with the operation only served Hong Kong. However, with the opening of China’s
economy and manufacturing bases in Southern China there was soon an explosion of
manufacturers all wanting to take advantage of these new developments. Hong Kong
soon became China’s main transshipment hub. HIT, in turn, continued to expand and by
1987 Hong Kong was named number one in world container port throughput. It took a
decade for the region around Yantian and the west side of the Pearl River Delta to develop
container developer facilities closer to the manufacturing cities of Donguan and west of the
Pearl River. The 90s saw continued growth, and by the year 2000 terminals 4,6 and 7 were
fully operational with terminal 8 East being operated as a joint venture with COSCO Pacifi c
and construction of terminal 9 just commencing.
John used an amus ing
ana logy to exp l a i n t he
effi cient operations of HIT by
comparing it to the human
anatomy. He explained how
the headquarters are the
‘brains’ of the operation
where all the planning and
execution takes place. The
‘eyes’ are in the control
tower with a dedicated team meticulously checking every CCTV in all the berths. Then there
is the ‘nervous system’ – a highly effi cient WIFI system that makes sure that all the messages
are communicated accurately and on time throughout the port. Now to the ‘body’, the yard
cranes. These act as the ‘arms’ and the ‘legs’, carefully lifting the containers onto trucks and off
again for transfer between the container yard and the vessels at berth. The trucks, which are
continuously moving containers around the container yard, represent the ‘blood system’. They
must operate constantly in order to ensure that the operation is fully functioning at all times.
The next stop on the tour was the ‘eyes’ of the operation, the control centre, where the
group saw fi rst-hand the dedicated and hardworking staff at work managing the logistics
of the stacking, moving and planning of the containers in the yard through the state-of-
the-art computer systems. They also use a highly accurate ship planning system that
calculates optimal sequences for discharging and loading vessels ensuring ship stability
and effi cient operations. The tour ended with a fascinating coach ride around the berths
and storage yard facilities where we could see everything in action. Unbelievable numbers
of containers stacked neatly ready waiting to be transported, whilst the crane operators
were working 75 metres above the ground working by eye to ensure the accurate delivery
of the containers – impressive stuff!
Today, HIT continues to play a key role in the continuing development of Hong Kong’s largest
container terminal, ensuring it has the resources, facilities and people required to achieve
smooth and effi cient handling of container cargoes. Since it was established in 1969 HIT has
continuously set industry benchmarks for productivity, efficiency and value-added services
which was all too evident during the tour. Using modern management techniques, sophisticated
computer systems and award winning IT applications, HIT has become a pinnacle of industry
excellence. The Hongkong International Terminals may seem slightly off the beaten track for
most of us city based workers but it was certainly a fascinating visit and an extraordinary insight
into why exactly HIT is at the forefront of the international shipping community.
KEY FACTS
• HIT operates Container Terminals 4, 6, 7, 9 North and 8 East (a joint-venture with
COSCO Pacifi c) at the Kwai Tsing Container Port.
• A continuous quay length of over fi ve km provides for 14 ship berths and up to nine
barge berths served by 56 quay cranes (capable of handling the latest container
vessels) and seven rail-mounted jib cranes.
• Adjacent container storage is handled by 24 rail-mounted gantry cranes and 168
rubber-tyred gantry cranes.
• The Hutchison Logistics Centre located at Container Terminal 4 with 377,741 square
metres of fl oor space also houses HIT's own container freight station operations.
• At the heart of all operations, HIT's advanced Terminal Management System is becoming
increasingly customer-focused to ensure shipping lines receive world-class service.
For more information please visit www.hit.com.hk
TouringTouring the Terminalsthe Terminalsby Emily Ferrary
5December 2011 • Vol 26 • No 11
BUSINESS
by Emily Ferrary
The team at the British Chamber of Commerce and several active members got together
on Friday 28th October to take part in The 11th Annual Hong Kong International Coastal Cleanup
Challenge. Having supported the organisation behind the programme, Ecovision, for some years
and as part of our corporate social responsibility obligation to support the HK community, the
Chamber’s Environment Committee believed it was time to get involved ourselves!
After a wholesome lunch we headed over to Wah Fu, an area
located in the Southern District of Hong Kong Island. Wah Fu
mainly consists of public housing estates, although the area also
has a notable beach known as Waterfall Bay which was the beach
we had been assigned to clean. It has long been believed that the
waterfall at Waterfall Bay used to attract British ships coming to
Hong Kong to fetch fresh water after their long journey. Nowadays
unfortunately, as we soon discovered, it is a different story!
Once everyone had arrived, we walked down the winding path to
the beach, clambering over some locked gates which are meant to
deter the public, with a slight apprehension about what the afternoon
was going to involve…or indeed unfold! Splitting into two teams we
spent the following four hours cleaning up over 120 kg worth of waste materials, whilst Mandy
and Michelle both meticulously filled in the data cards recording exactly what was found.
Both teams came across some extraordinary items ranging from shopping trolleys to tired
footballs, old tyres to disused fridge parts. We barely took a break as the task was seemingly
endless, yet the time fl ew by and as the sun began to set we decided to call it a day. Our fi nal
challenge was to move the huge pile of waste that had grown throughout the afternoon, up
to the main road. Exhausted, yet with a certain sense of pride, we tucked into a small picnic
and a nice cold beer enjoying the last of the autumn rays feeling happy with what we had
managed to achieve.
As a gesture of Ecovision’s appreciation for everyone’s support and hard work, they
hosted an awards ceremony at Shore Restaurant & Bar in Central, on Wednesday 2nd
November, to celebrate the results of the 2011 Coastal Cleanup. Despite typhoons and
strange weather for the time of year, a record number of volunteers left Hong Kong’s
Cleaning theCleaning theHong Kong Waters Hong Kong Waters
beaches and coastl ines sparkling and helped raise awareness of marine debris
citywide. In total, nearly 48,000 kg of waste was cleaned up from HK beaches
with almost 12,000 volunteers taking part. Here at Britcham, we are certainly
proud of our smal l contr ibut ion towards this and would very much encourage
our members to get involved next year. So grab your friends, colleagues and family and join
the HKICC 2012 in cleaning Hong Kong’s beautiful beaches and marine areas!
About the Hong Kong International Coastal Challenge The HKICC is a year-round effort to keep Hong Kong’s oceans and beaches free from
waste so that they are safe for people and animals. It serves to bring together corporates,
the community, schools, NGOs, government and individuals in a combined effort to raise
awareness of the problem of marine debris and plastic pollution. The annual fl agship Hong
Kong cleanup is organized by Ecovision Asia and celebrates this commitment.
RESULTS2011 HKICC RESULTS & FINDINGS: OVERVIEW
NUMBER OF PARTICIPANTS: 11,912
KILOGRAMS OF TRASH COLLECTED: 47,942
KILOMETERS CLEANED: 172(*Numbers subject to change as all data has not been tallied)
This represents a 37% increase in participation since last year! And with Typhoon Nesat
tossing masses of debris ashore, volunteers had their work cut out, collecting 33% more
trash than in 2010.
Data from the 2011 cleanup revealed that single-use disposable PLASTIC is still the
predominant debris item, which will come as no surprise to the intrepid volunteers who
cleaned it off the beaches again this year:
Data is a vital contribution to better understanding the issue of marine debris and creating
solutions that work.
Hong Kong’s marine ecosystems are suffering tremendously, and need support from
government, industry, community
and i nd i v i dua l s . The t r u l y
promising thing about marine
debr i s i s tha t i t i s en t i re l y
preventable. By helping to reduce
trash and single-use plastic
waste, everyone can take a role in
making our seas cleaner, healthier
and more resilient!
Plasticbags
19,294
Capslids
18,082
Strawsstirrers13,704
Plasticbottles13,377
FoodWrappers13,293
2011 TOP TEN DEBRIS ITEMS: HONG KONG
Plastic Bags
Caps / Lids
Straws / Stirrers
Plastic Bottles
Food Wrappers
Cutlery / Goodware
Glass Bottles
Beverage Cans
Polystyrene
Cigarettes
www.br i tcham.com6
ENVIRONMENT
CSR is increasingly on the agenda of top executives around the world, and the
demand for support around the subject has prompted the Chamber to look at
establishing a CSR Committee. We are still in the early phases but would be
interested to hear members’ thoughts on the establishment of such a committee,
as well as the issues and areas you feel should be covered. Our mission
will be to accelerate our members contribution to, and benefi ts realised from,
CSR in Hong Kong.
New Focus
For any feedback and enquiries, please contact Dovenia Chow [email protected] or on 2824 2211.
On Wednesday 3rd November Britcham members were privileged to have a tour of the
MTR Kowloon Bay Depot. After meeting up in the MTR Headquarters, a briefi ng had been arranged in their Auditorium before the tour of the depot began. First on the briefi ng agenda was a MTR corporate video entitled “a journey of moving people”, which was very impressive and gave us all a much broader and more in depth knowledge of the MTR as a Corporation.
The MTR Corporation was established in 1975 as the Mass Transit Railway Corporation, but 25 years later, in June 2000, was re-established as a result of the HKSAR selling 23% of the issued capital to private investors via a public offering. The MTR was offi cially listed on the Hong Kong Stock Exchange on 5th October 2005.
In December 2007 an HKSAR decision was made to centralise and consolidate all train services in Hong Kong and as a result the Government owned KCR was merged with the MTR Corporation, which was a major milestone in the MTR’s history.
The MTR now operates 9 main commuter lines. It also operates a Light Rail network serves the local communities of Tuen Mun and Yuen Long, and Airport Express providing the fastest connections to Hong Kong International Airport and AsiaWorld-Expo.
Carrying more than 4 million passengers every weekday, operating a 19 hours a day service.
The MTR has 1,698 train cars which run on 218.2 kilometres of track at a maximum speed of between 80 to 135 kph (Average Speed 33-80 kph). To date the MTR has completed developments at 29 MTR stations, generating 78,581 housing units and 1.7 million square metres of commercial space, which consists of 12 shopping malls and 5 offi ce buildings all of which have all been built over major MTR stations.
In 2010 the MTR turnover was HK$29,518 million with an operating margin of 26.3% (after depreciation, amortization and variable annual payment ar is ing from the Rai l Merger) and a debt to Equity ratio of 12:8.
There are 5 new extension lines currently under construction or planning, which are all expected to be completed between 2014 – 2020, as follows:
1. West Island Line2. South Island Line (East)3. Kwun Tong Line Extension4. Guangzhou Shenzhen Hong Kong Express Rail Link 5. Shatin to Central Link
Dr Glenn Frommer, the Chief Sustainable Deve l opmen t Manage r o f t he MTR Corporation, gave a presentation entitled “Projects Environmental Initiatives, Mitigation and Adaptation to Climate Change”. He firstly advised a current update on the 5 new rail line projects as well as explaining MTR’s adaptation to change. In this context he explained the general background of the MTR’s attitude to risk and how risk is
managed. Dr Glenn Frommer also advised of the growing importance of controlling and managing Carbon Emissions, which is of major concern, and as a result this topic was covered in some depth. The MTR is responsible for 1.178 million tonnes of CO2 equivalent emissions per year of which 77% emanates from railway operations whilst 23% emanates from “Civil Structures”. Due to fossil fuel shortages, the cost of electricity will rise over the next years, which has been factored into the overall Risk Management strategy, including the possibility of the HKSAR Government imposing a Carbon Tax. The MTR’s forward planning and risk management system has enabled the Corporation to be well prepared for these and possible natural disasters occurring.
This presentation was followed by Ms Catherine Leung, Manager-Environmental Engineering of the Environmental Engineering section in Technical Engineering Service, who informed us about the development of Environmental Engineering in MTR. This section started with 3 staff and now has a complement of 13, indicating how seriously MTR takes the monitoring and management of environmental issues.
After these presentations the tour of the depot began, this is one of 9 depots in Hong Kong and is the fi rst depot to have been commissioned. The Depot itself is located beneath the Podium of Telford Garden with the total area of 166,900 m2. We were advised that Security and Safety was of paramount importance and most participants were seen to be walking inside the security of the well marked yellow lines!
The whole maintenance area was toured, including, bogey maintenance, wheel grinding/ balancing, A/C reconditioning, train washing, noise mitigation measures etc. There were a total of 8 full length trains in the depot in various stages of the maintenance process.
The climax of the Britcham Depot tour was to ride in a totally empty train in order to see how the train washing system operated, which is not dissimilar to a car wash, although on a much bigger scale!
One of the last items on the tour agenda was to inspect a water purifying system. All contaminated waste water from the depot area is processed by this plant in order to separate the oil, grease and waste. The water is then treated to the correct “pH” level, before being flushed into Kowloon Bay’s main drainage network.
The overall impression of this MTR Depot Tour was very positive. All the workshops were clean and tidy, the engineers/staff were all uniformed and appeared well equipped with modern testing and maintenance equipment. However one surprise was that very little noise was being generated, which one would have expected from such a large maintenance area.
Th is was both a very impress ive and reassuring visit. We can safely report that the 4 million Hong Kong citizens, who use the MTR on a daily basis are in good hands!
A vote of thanks goes to the MTR Team led by Dr Glenn Frommer as well as Mr Rick Morse of the Britcham Environmental Commi t tee fo r the i n t roduc t ion and the Britcham staff for organizing a very interesting and well organized visit.
Going UndergroundGoing Underground“BRITCHAM SUSTAINABILITY SHOWCASE” Tourof MTR Kowloon Bay DepotBy Patrick Budden
7December 2011 • Vol 26 • No 11
ENVIRONMENT
We Collect and deliver your carFREE OF CHARGE
(subject to distance)We provide good, quick repair service at
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FOOKIE MOTORS CO. LTD.Shop 7, G/F, Paramount Bldg.,12 Ka Yip Street, Chai Wan, Hong Kong.
With the festive season quickly approaching one’s mind inevitably turns towards the epicurean delights of Christmas lunch. Here, Geordie Wills from Berry Bros. & Rudd makes some vinous suggestions to ensure that your big meal is a cracker.
Berrys’ UKC Champagne, Grand Cru Société de Producteurs – Mailly, Champagne HK$270
2008 Chablis, Domaine Pinson, Burgundy HK$160
2002 Ch. Grand-Puy-Lacoste, Pauillac, Bordeaux HK$390
2007 Ridge Chardonnay Santa Cruz, North America HK$290
2007 Châteauneuf-du-Pape Blanc, Domaine des Sénéchaux, Southern Rhône HK$399
Berrys’ William Pickering, 20-year-old Tawny Port, Portugal HK$308
For more information please contact Geordie Willis, Business Development Manager, on 2110 1680 or visit the shop located in Causeway Bay:
307-308 3rd Floor, The Lee Gardens, 33 Hysan Avenue, Causeway Bay, Hong Kong
Tel: 852 2907 2112 Fax: 852 2907 3113
So what is the most popular Christmas starter? A quick impromptu survey of Berrys’
staff revealed that smoked salmon was by far and away the most popular. Smoked
salmon is a medium-bodied food with unique smoked fish flavours and an oily texture.
Matching the weight is easy, but matching the fl avour is much harder as there are no wines
that taste like smoked fi sh! Plus there is the oily texture to consider.
To deal with oil and fat in food you need a wine with a good amount of acidity to cleanse
the palate, which is exactly what a squeeze of lemon does too. Champagne and Chablis
are high in acidity and would do this job admirably; both are medium-bodied and so match
the salmon’s weight.
Christmas simply isn’t Christmas without turkey and it has been a traditional favourite
since Victorian times in the UK. Like most poultry it is medium-weight and is not powerfully
fl avoured; it also has a low fat content which is why it has to be constantly basted whilst
being cooked.
Match its weight with a full-bodied white or a medium-full red wine, but the lack of fat means the
wine must not have too much tannin (tannins react with fatty protein molecules and will seem
very harsh in the absence of fat).
So red wine fans must select a wine with low tannins; this might be an old wine (tannins
precipitate out with age) or a wine made with a variety naturally low in tannins. Another
reason for avoiding tannic reds is that often the bird is covered with bacon to stop it drying
out during cooking, but this adds salt to the dish and salt and tannins clash.
So now you’ve grasped all that, here’s the rub! The most powerful fl avours are usually found
in the accompaniments, so these also need to be considered when choosing wine.
If you prefer your turkey with traditional English accompaniments (bread sauce and
chipolata sausages) then a full-bodied Chardonnay or white southern Rhône is a good
choice for white wine lovers. Their roundness and weight will match the smooth sauce and
the bird’s weight. If you prefer red wine, a mature Claret would work well – aged wines have
less tannin. As wines mature they also develop secondary aromas and more often than not
begin to smell like green vegetables, so they also echo the fl avour of everyone’s favourite
Christmas vegetable, brussel sprouts.
To fi nish off your meal in style, Christmas Pudding and Mince Pies are delicious with the
similarly flavoured aged Tawny Ports which would also go very well with rich chocolate
desserts too.
esChristmas
LunchWinesWines
www.br i tcham.com8
LIFESTYLE
BALI Places to StayHotel Tugu Bali, Canguu BeachHotel Tugu Bali offers a truly unique slice of luxury. Bali's fi rst "museum boutique hotel",
the resort is set in a secluded spot near a traditional Balinese fi shing village, yet only a
15-minute drive from the buzz of Seminyak and Legian. Hotel Tugu Bali is a wonderfully
romantic and peaceful retreat nestled amidst lush paddy fi elds near Batu Bolong Temple
(one of Bali's most sacred temples), boasting its own surfi ng beach. The museum element
of the hotel comes in the form of stunning cultural works designed to introduce guests to
the heart and soul of the Indonesian people. As a result, Hotel Tugu Bali gives guests the
opportunity to re-live the history and traditions of the Indonesian culture while enjoying all of
the comforts, services, and amenities of one of Indonesia's fi nest luxury resorts.
W Retreat & Spa Bali, SeminyakCool and slick in design, this hotel certainly has the ‘wow’ factor that W Hotels are known
for. Famous in the area for the wonderful spread of Sunday brunch, as well as the most
decadent teatime chocolate treats!
Karma Kandara Resort, UluwatuSitting on the rocky cliffs of Uluwatu, Karma Kandara elegantly combines contemporary
Balinese designs into its beautiful lush surroundings imbued with Mediterranean
allure. Bathe under the warm tropical sun in your luxurious 2 to 4 bedroom villa residence
which comes with a private infi nity pool and garden courtyard, or connect with nature as
Karma spa therapists pamper you to the sweeping view of the sparkling Indian Ocean.
Indulge in Mediterranean cuisine with a touch of Bali at signature restaurant di Mare, ending
the night at the Temple Bar or Veritas Wine Bar under the breathtakingly starry skies.
Amandari, UbudAmandari provides a unique setting from which to explore the cultural richness of Ubud,
Bali’s artistic centre, as well as the mountainous region to the north. Located in central Bali
amidst the soft green curves of rice terraces and above the rushing water of the Ayung
River, Amandari is perfectly positioned to offer guests access to both the artistic community
of Ubud and the natural wonders of Bali’s interior. Thirty free-standing thatched suites, some
with private plunge pools, are located on either side of the lobby, separated by andesite
walkways, traditional Balinese-style gateways and private gardens. Local teak and coconut
wood, as well as Javanese marble and volcanic stone, is used throughout the suites,
creating cool contemporary spaces with all the warmth of a true Balinese home.
The magic of Indonesia is often said to be best encapsulated in Bali. Its Hindu culture
is interwoven in the creative heritage and rituals of daily life; from the prayer offerings of
fl oral artistry to the Balinese dances. On a recent trip to Bali, we witnessed local people
learning these arts and crafts. Within the property of Amandari (where we were staying)
they have children from an Ubud school practicing their skills on a variety of metal gongs
and xylophone type instruments making mystical clanging notes that fi ll the air with a sense
of belonging. This is the charm of the Balinese, their aptitude to make you feel at one,
although learning their dances is something that perhaps I’ll never get the hang of.
For a relaxing getaway I prefer Bali over many other Asian destinations and it’s so easy
given the direct fl ight routings out of Hong Kong. On the other hand, Seminyak is one of
the most stimulating places to stay. For new chic, Petitenget was the ‘in’ place for me this
summer! Food is certainly a major factor in my enjoyment of a holiday, so Sarong’s decadent
Eurasian fl avours worked a treat, and Biku became a favourite over the week for high tea
and their endless supply of tempting cakes! Perhaps it was the comprehensive brunch at
the W Hotel with the free fl owing champers which won out for food; and Potatohead was
the ‘in’ place for cocktails (vying with its well-known competitor of Ku De Ta just down the
road). Either way, things have defi nitely shifted ever northwards in the cool Seminyak scene.
Moving eastwards, the island of Lombok in the archipelago is often overlooked as a
destination due to its alluring Bali neighbour. We were lucky enough to spend 6 days
exploring this island with its stunning coastline in the south; from ramshackle Kuta (not to
be confused with over-developed Bali Kuta) to the empty beaches of Mawun and Selong
Belanek – white swathes of wide horseshoe shaped beaches, with little to be seen on
the white sands besides the colourful boats. We whiled away the day, slowly burning to
a brighter shade of lobster pink, before fi nally packing up and heading to witness a loud
celebration of a marriage ceremony parading down the streets with whole villages trailing
behind! No doubt Sasak life (with their wonderful markets of fresh chillies, fruits and
vegetables, interspersed with men taking a shave at the street barber) will change with the
inauguration of the international airport (last month) so it’s certainly worth getting to this part
of the world during the brink of its development.
The north is a more sophisticated area of Lombok, with a couple of stunning and long-
established hotels, including The Oberoi with its gorgeous spa and the characterful Hotel
Tugu, stuffed with a boastful collection of Javanese antiques and perhaps the most divine
food I have ever tasted in Indonesia. Contending for this top culinary spot must be The
Anandita villa with its enviable position on Sira Beach, complete with 15 staff ready to make
up a game of volleyball at a moment’s notice, take you on bike rides around the coconut
plantations or on boat trips to castaway islands for some snorkeling. This private villa
experience is second to none! At half the rate and all the elegance of their Bali rivals, I’m
certainly recommending families and friends travelling together to snap up these bargains
for next year already. Perhaps some of my fondest memories of the trip were during a
visit to the local school of Sigar Penjalin (where we handed out book supplies) as the kids
rushed to greet us like celebrities – probably helped by my friend George’s rather obvious
‘David Hasselhoff’ crimson swimmers and his accompanying football. Always a winner in
making international friends!
by Lucy Jackson,Director, Lightfoot Travel (HK) Ltd
www.br i tcham.com10
LIFESTYLE
LOMBOK Places to stayHotel Tugu Lombok Located on a pristine stretch of Sire beach, situated on the northwest coast of the island,
Hotel Tugu Lombok comprises of approximately six hectares of mature palm plantations,
facing the open ocean and the sunrise of Mount Rinjani (the second highest mountain of
Indonesia and popular amongst adventurous hikers for its breathtaking views). Hotel Tugu
stands as a monument to the forgotten history, art and romance of these ancient kingdoms,
while at the same time providing fi rst-class luxuries and service. Neighbouring this tropical
haven is a beautiful 18 hole-golf course and virgin landscapes, traditional thatched roofed
huts and empty green fields where local life continues today much as it has done for
centuries.
Oberoi Lombok An idyllic garden resort located on Medana Beach with sleek thatched villas and luxury
facilities, the Oberoi, Lombok is set amongst acres of tropical gardens, shimmering ocean
and golden sands along a private beach. With thatched-roof villas and terraced pavilions
dotting 24 acres of tropical gardens it has an intimate ambience that is unique. The villas
and pavilions have expansive, shaded terraces to relax in, while you look out at beautiful
gardens or beaches. All the villas and terrace pavilions offer spacious bedrooms and feature
local colours, textures and artefacts.
The Anandita The Anandita is a series of single-storey living and sleeping pavilions lavishly spread
across the coconut covered lawns just off the beach on Lombok’s north-west coast.
Its idyllic, tropical castaway-island setting is sure to leave guests with a memorable and
luxurious experience. Each of the four ensuite bedrooms is housed in its own private
pavilion in the gardens and complete with their signature orange sun beds, with matching
umbrella, offering a peaceful spot for relaxation. Living and dining rooms are both spacious
and gorgeously decorated with bold yet soothing colours and traditional art work and
fi nishings. Complete with 15 staff such as a personal chef, housekeepers, security guards
drivers and representatives, The Anandita is perfect for family holidays as well as romantic
couple getaways.
Sempiak Villas A magical place perched on the hilltop of a wide stretch of beach, with an infi nity pool and
just 3 villas to share this paradise. Fairly rustic in design the architecture blends in with the
surrounding area, using the natural materials of coconut wood and local stone.
Bespoke travel company Lightfoot Travel (+852 2815 0068; www.lightfoottravel.com) is an
Asia-based bespoke tour operator specialising in tailor-made holidays, honeymoons, short
breaks, boutique accommodation and private villas in Asia, Australasia and Africa.
Trips to Bali & Lombok start from 250USD per night for two people.
11December 2011 • Vol 26 • No 11
Founded as a franchise in 2000, Venture Photography is a leading light in the new generation of professional
photography. Since opening its fi rst gallery style studio in 2000, Venture has gone from strength to strength, expanding to 50
studios in the UK within 3 years. In 2006 Venture entered Hong Kong with a bang, being awarded the ‘Superbrand’ status.
Since joining the Chamber earlier this year, Venture have kindly donated table prizes and a silent auction prize for the
Breakthrough Boxing event that took place in October, but we thought that an even better way to experience how
amazing Venture Photography really is, would be to try out their services for ourselves!
The team and I were initially a little apprehensive on the day, with thoughts of having to do embarrassing poses with
cheesy grins running through our minds, but as we walked into the trendy waiting room of their Central studio all of that
faded away. We were greeted with light refreshments and were shown previous photo shoots, which we found to be exceptionally well done. Photos of families looking like they
were having the time of their lives, couples with new born babies, and even a hen party group donned the walls of the studio.
After we had settled in we were briefed by Venture’s photographer, Rick Reeder, on how the next hour would pan out. He had already been in touch with us all prior to the shoot
to ensure we brought along props that would make for fun photos with, of course, a British theme. He was pleased to learn that we had brought a Union Jack flag, inflatable
Britcham guitars, which you may recognize from the Annual Ball, and even a few copies of the one and only Britain in Hong Kong magazine! As Rick talked us through the
process it was clear to see that Venture’s main goal is for their clients to have fun, let their hair down and really enjoy the whole experience. With that in mind, we made our way
into the studio, kicked off our shoes and began the photo shoot.
Rick’s assistant set the mood with a playlist of upbeat tunes that we jumped about to, having fun with the props, the Union Jack proving to be
the most versatile. A selection of group and individual shots were taken, seemingly without any contrived posing having to be done at all. The
infl atable guitars, in my opinion, were where we all came into our own, and with a rock anthem
blaring out of the speakers, it was as if we were at a party, and as you can see, made for
some great photographs.
The entire experience was enjoyed immensely by all of us, we left the studio
laughing and joking. It really was a team bonding excursion which I
thoroughly enjoyed, resulting in fantastic photos we will cherish
forever. I would highly recommend Venture’s
professional yet fun services, whether
you are after a family portrait or fun photos with your friends. Venture truly looks
after you throughout the whole process, and even put on a slideshow of all
the photos for you to choose from after the shoot, it is an experience not to
be missed.
VenturePhotography
by Lucy Jenkins
For more information on Venture Photography please visit www.venturephotography.com.hk
or email Stephen Wadsworth [email protected]
www.br i tcham.com12
LIFESTYLE
Thank you for yourcontinued support
TheBritish Chamber’sSterling MembersSterling Members
How’s business?Good. 2011 has been as tough a year as any I’ve experienced,
but I’m glad to say that Barclays, having positioned itself at the
beginning of the year for what we knew would be a challenging
12 months, has proven pretty resilient.
What are your plans for Barclays in the region in the coming year? Continuing to execute for our clients. Following the earlier launch
of our equities business in Japan and Hong Kong, we spent a
lot of 2011 putting in place our platforms in Korea, Taiwan and
India, and we'll build on those strong foundations in 2012. In
Barclays Corporate our focus will be on extending the range of
services we provide to MNCs in the region. We are confident
that Barclays Wealth can continue to attract clients and assets
under management, despite a very competitive private banking
landscape in Asia.
What’s the secret of Barclays’ success in Asia? It comes down to a number of factors – we “build to last” ie. we
want to be sure that we are here in good times as well as in bad,
and clients tell us that that’s what they like about us; that we
don’t move in and out of markets depending on which way the
wind is blowing. We also allow ourselves the time when we start
a new business or develop a new product to let it grow. We also
hire good people.
What does your work involve personally?Inevitably when you head a region of this size, a lot of my time is
spent on airplanes, visiting clients, helping Barclays businesses
win mandates; talking to regulators an d government offi cials. In
order to run the overall business I have frequent meetings with
business heads, and I chair our regional executive committee
which meets quarter ly in person and monthly by video
conference. I also like to keep staff updated on key issues that
impact the business, via meetings and larger group updates.
All of these activities amount to needing to be aware on a daily
basis of every aspect of our business in the region. In addition,
I speak at seminars, do media interviews, and I am also on
the Asia advisory board of Room to Read, one of our global
charity partners.
What do you fi nd most challenging?The different regulatory frameworks in which we operate – we
are in thirteen countries – require a lot of attention to make sure
that we are doing the right thing in each location and it can be
challenging to keep abreast of every nuance. I have a great
team working on these issues, but I need to keep up to speed
on them all.
What’s the most exciting business-related news you’ve heard recently?I am not sure that “exciting” is the word I would use to describe
what has been happening over the past few months, but
without question what is happening in the Euro-zone markets is
providing everyone with a degree of “excitement” – it’s certainly
got everyone’s hearts racing with the daily volatility.
And the biggest news recently for your industry?Investor sentiment and business sentiment in general. We
have all been impacted by the uncertainty of how the US and
European economies are going to perform as the year closes,
and into 2012 and beyond; this has implications for investment
banks as we determine where the business fl ows are going to
come from and ensure that we are well-positioned to capture
those fl ows.
How does the British Chamber of Commerce add value to your business?The Chamber is an important body representing the voice of
British business in the local community, particularly with the HK
Government and policy makers. It’s also a valuable source of
business and commercial networking for banks such as Barclays.
How long have you been living here?10 years.
What’s your favourite spot in Hong Kong?Clearwater Bay.
What would you say is the chief issue that you’re concerned with in Hong Kong at the moment?Finding school places for children of ex-pat staff members.
Name one thing you’ve learned recently that you didn’t know before.That George W. Bush is very witty. He spoke at the recent
Barclays Asia Forum we hosted in Singapore, and was
highly entertaining.
Interview with Robert Morrice, Chairman & Chief Executive Asia Pacifi c, Barclays PLC
PerspectivePerspective
13December 2011 • Vol 26 • No 11
MEMBERSHIP
On November 17, the British Chamber’s Scottish Business Group heard from the Chairman of the
Hong Kong Jockey Club, who gave members a run-down of the background of the Club and the
main initiatives with which it is involved. The Jockey Club is Hong Kong’s largest taxpayer, largest
private donator to charity, and its largest employer after the government. A not-for-profi t organisation
with a mission to provide entertainment and to better conditions in the community, the Hong Kong
Jockey Club has been granted a legal monopoly over betting on horse-racing in Hong Kong, and more
recently on football too. Mr. Stevenson drew attention to the unique and immensely benefi cial nature
of the partnership between the Hong Kong government and Jockey Club, while also calling for more
government cooperation to provide for new challenges such as on-line betting and competition from
jurisdictions with lower taxes on betting. Describing the keen interest around the world in the Hong
Kong Jockey Club model, he also called for a more responsive government approach to developing
agreements among betting jurisdictions, and pointed out the enormous potential revenue that lower
taxes on overseas betting could bring to Hong Kong.
On Nov 8th the Chamber was honoured to hear from Stuart Gulliver who gave a talk over lunch at the Island
Shangri-La hotel. In a detailed speech, Mr. Gulliver addressed the role of the HSBC and other major banks in
a time of economic uncertainty and highlighted the vital importance of risk management, ‘for individuals, fi rms
and economies’. He explained that the world economy has become more accident prone because of an
increase in speed and greater connectivity. Noting that Asia’s role is now crucial, he called for a cool-headed
and more globally concerted response towards regulating fi nancial services in order to reduce uncertainty,
protectionism and ‘regulatory arbitrage’.
Captains of Industry Luncheon with Stuart Gulliver, Group Chief Executive HSBC Holdings plc & Chairman of The Hongkong and Shanghai Banking Corporation Limited
Sponsor
Luncheon with Brian Stevenson, Chairman of the Hong Kong Jockey Club
Scottish Business GroupSupported by
www.br i tcham.com14
EVENTS
Enhancing Land Supply Strategy through Reclamationand Rock Cavern Development
The Hong Kong Club, 13/12/2011, 08:00-09:15Speaker: Edwin Tong, Head of Civil Engineering & YC Chan, Head of Geotechnical Engineering,
Civil Engineering and Development Department
The Chief Executive’s policy address this year has highlighted the needs for Hong Kong to expand its
land resources in order to cope with the demand for supplying 40,000 housing units per year and other
developments in the coming decade.
In this regard, the Government has recently launched the fi rst stage of the public engagement on
Enhancing Land Supply Strategy through reclamation outside Victoria Harbour and cavern development.
The Construction Industry Group of the British Chamber has invited Mr Edwin Tong, Head of Civil Engineering
Offi ce, and YC Chan, Head of Geotechnical Engineering Offi ce, from the Civil Engineering and Development
Department, to give a presentation on this subject.
British Chamber Christmas Drinks Christmas drinks and festive food!
HSBC Main Building, 13th December, 6.30pm - 8.30pm
The event is hosted by Robin Phillips, Group General Manager, Co-Head of Global Banking and Head of
Global Banking and Markets, Asia-Pacifi c, HSBC.
Our chosen Charity is Youth Outreach, a unique youth service in Hong Kong. The programme has eight
outreaching workers who go out in vans from ten at night until six in the morning scouring the streets of
Hong Kong, Kowloon and the New Territories for runaways and throwaways, particularly those under the age
of eighteen.
The Reach of UK Income Tax -How the proposed Statutory Residence Test (SRT) will impact you
The Hong Kong Club, 14/12/2011, 08:00 - 09:15 Speaker: Stephen Green, Principal, and Peter King, Senior Manager of Deloitte Touche Tohmatsu
Stephen Green and Peter King of Deloitte will be giving an interactive presentation to explore in detail the
practical implications of the Statutory Residence Test (SRT) that is expected to take effect from 6 April
2012. The government response to the consultation conducted over the summer and expected draft legislation
will likely confi rm that the introduction of a SRT will have a signifi cant impact on most if not all businesses
that employ internationally mobile employees moving into and out of the UK. Furthermore, the SRT is likely
to generate a number of issues that will need to be considered by individuals whose personal circumstances
are such that they or their families spend signifi cant amounts of time in the UK. The talk will explore the cost
implications for individual taxpayers, employers and employees, and the opportunities available under the Hong
Kong – UK Double Taxation Agreement to protect against an increased exposure to UK tax.
“BritCham Sustainability Showcase” -From Waste Glass to Eco-Bricks: Tour of Tiostone Glass Recycling Factory
13/01/2012 - 09:30 - 13:30(Guest registration on the corner of Johnston and Luard Road, Wanchai at 9.30 am)
Speaker: Dixon Chan, TIOSTONE Environmental Limited
Hong Kong generates about 150,000 tons of glass and over 10 million tons of Construction & Demolition (C&D)
waste every year. As landfi lls in Hong Kong will be saturated in several years, there is an urgent need to fi nd a
viable way to reuse these materials to alleviate the demand on our landfi lls.
The Chamber’s Environment Committee is organising a half day visit to TIOSTONE Environmental Limited to
illustrate how glass and construction waste is recycled into paving bricks in Hong Kong. The tour will start at
the glass collection point in Wanchai, followed by a tour of the glass recycling factory and end by showing you
the fi nal application of Eco-Glass Bricks.
For more information on upcoming events, please visit www.britcham.com/events
Upcoming Events
15December 2011 • Vol 26 • No 11
EVENTS
Kellett School Starts Work on the Kowloon Bay CampusIn November Kellett School, the British International School in Hong Kong, held a traditional Chinese Baisan ceremony to mark the start of work at its new Kowloon Bay campus site. The site will be home to the secondary section and a primary section (in addition to the Pok Fu Lam site). The foundation contractors (Tysan Foundation Ltd.) have now commenced work and Kellett remains on track to open its doors to Kowloon Bay's fi rst students in September 2013.
The School was awarded the Kowloon Bay greenfi eld site in 2009 by the Hong Kong SAR Government to develop a four form Secondary Section and additional two form Primary Section offering approximately 600 secondary and an additional 300 primary school places. By 2014 Kellett School will have completed its year on year roll out and will be a through train school.
Grant Thornton global private equity report shows a turbulent global economy transforming the private equity industryGrant Thornton’s latest report on private equity worldwide, based on interviews with private equity professionals across the world, highlights that the private equity sector has rolled up its sleeves and now exhibits a very hands-on approach with portfolio companies. The report found that nearly half (44%) of fi rms now view performance improvement with portfolio companies as the main way to drive value (22% of practitioners expect to be more hands on in the future). Private equity fi rms are driving value by becoming involved in key management functions such as strategy (46%), fi nancial planning (35%) and human resources (30%). However, not all private equity fi rms will survive these challenges. While private equity fi rms rarely fail and disappear overnight, a period of ruthless competition is likely to continue for some years to come. The global outlook towards fund-raising is more negative than positive (46% vs. 28%), with 13% feeling very negative. The negativity is particularly acute in developed markets including Western Europe (47% negative vs. 20% positive) and North America (48% negative vs. 26% positive).
David Naphtali has joined the Corporate Finance practice of FTI Consulting in Asia as a senior
managing director, based in Hong Kong. David will drive the transaction advisory services for
the fi rm, which includes M&A, transaction support and due diligence, valuation services, asset
management/servicing, structuring advice and providing ongoing operational support. David
has almost two decades of experience in the fi nancial and advisory services industry. David has
worked in numerous Asian jurisdictions, including China, India, Japan, Singapore, Indonesia,
Vietnam and Thailand, as well as Hong Kong. As a senior member of the team at CLP, his
main responsibilities were to coordinate the internal review process for all new development
projects and acquisitions outside of Hong Kong, and directly manage project development -
usually greenfi eld - and acquisitions.
David Roberts, Chief Executive Officer of international architectural firm AEDAS has been
appointed Chairman of the British Business Association of Phuket. With over 50 members and
open to all nationalities, the BBAP helps in the exchange of business information, networking,
promoting Anglo-Thai relations, supporting selected charities, and the promotion of tourism and
other benefi cial developments in Phuket.
New Appointments
HSBC’s Chinese Manufacturing PMI shows operating conditions deteriorating at fastest rate in 32 months during NovemberNovember data from HSBC’s Purchasing Managers’ Index™ showed Chinese manufacturing sector operating conditions deteriorating at the sharpest rate since March 2009. Behind the renewed contraction of the sector were marked reductions in both production and incoming new business. The latest survey fi ndings also showed a marked easing in price pressures, with average input costs falling for the fi rst time in 16 months. In response, manufacturers reduced their output charges at a marked rate. Commenting on the China Manufacturing PMI™ survey, Hongbin Qu, Chief Economist, China & Co-Head of Asian Economic Research at HSBC said, “The November PMI fi nal reading points to a sharp deterioration in business conditions across the Chinese manufacturing sector. Combined with a faster-than-expected easing in infl ation, this implies that growth is set to overtake infl ation as Beijing's top policy concern. This is likely to invite an across-the-board policy easing, which is likely to come as early as year end. That said, as easing measures fi lter through in the coming months, China can still achieve above 8% growth next year.”
www.br i tcham.com16
NEWS/NEW APPOINTMENTS
MEMBER DISCOUNTS
To enjoy exclusive member discounts please log onto www.britcham.com, log in and click on membership discounts.If you have forgotten your login details please email [email protected] to request them.
Accor Compass Offi cesHong Kong
Skycity Marriott Hotel
Alfi e’s Courtyard by Marriott Hong Kong The Mira Hong Kong
Allied Pickfords Dot Cod Pure Bar + Restaurant
B&W Group AsiaLimited Grand Hyatt
RenaissanceHarbour View HotelHong Kong
Berry Bros & Rudd Hyatt Regency Ta Da
British Airways JW Marriott Hotel Hong Kong Virgin Atlantic
Carey Le Meridien Cyberport VisitBritain
For up to date event listings and information, check out www.britcham.com
17December 2011 • Vol 26 • No 11
MEMBERSHIP
Moving overseas and leaving loved ones behind can be hard, but leaving elderly parents without the emotional and practical
support upon which they have become reliant is distressing.
At Mogers we have been helping expats who have elderly parents in the UK manage long distance care for decades. Our Concierge Service offers hands on local and practical support, such as paying bills, dealing with tax returns or finding suitable
long or short-term care solutions which take away a real burden and give genuine peace of mind for everyone concerned.
To learn more about this service and how it can benefit your family please contact Derwent Campbell on +44 1225 750001 or email [email protected].
Further details regarding all our expat services can be found on our website www.expatlaw.co.uk
Business Policy UnitTim Peirson-SmithExecutive Counsel
China CommitteeDavid WattDTZ
Construction Industry GroupDerek SmythGammon Construction
Education CommitteeStephen EnoBaker & McKenzie
Environment CommitteeAnne KerrMott MacDonald Hong Kong Limited
Financial ServicesInterest GroupDebbie AnnellsAzure Tax Consulting
HR Advisory GroupBrian RenwickBoyden Search Global Executive
ICT IT CommitteeCraig ArmstrongStandard Chartered
Marketing & Communications CommitteeAdam O’ConorOgilvy & Mather Group
Real Estate CommitteeJeremy SheldonJones Lang LaSalle
Scottish Business GroupDr. Jim WalkerAsianomics Limited
Logistics CommitteeMark MillarM Power Associates
Small & Medium Enterprises CommitteeKate KellyK2PR
Women in Business CommitteeSheila DickinsonIpac Financial Planning Hong Kong Limited
YNetwork CommitteeFiona FoxonQuintessentially
Business Angel ProgrammeNeil OrvayAsia Spa & Wellness Limited
Tim Hay-EdiePilot Simple Software
Chairs of Specialist Committees
ADDITIONALKPMG
Peter Wong
Partner
Tel 2826 7152
8/F, Prince’s Building, 10 Chater Road
Central, Hong Kong
Financial Services
Now Health International
(Investments) Limited
Crisanta Lau
Head of Corporate Communications
Tel 2279 7338
33/F, Suite B, 169 Electric Road
North Point, Hong Kong
Insurance
Venture Photography
James Lo
Business Development Manager
Tel 2885 6262
1/F, Winway Building, 50 Wellington Street
Central, Hong Kong
Photography
YNETWORKAedas Limited
Becky Sun
Public Relations Manager
Tel 9382 2825
31/F, One Island East
18 Westlands Road, Quarry Bay
Hong Kong
Architecture / Interior & Urban Design
Colliers International
(Hong Kong) Ltd
Robert Wilkinson
Account Analyst
Tel 2822 0539
Suite 5701, Central Plaza
18 Harbour Road, Wanchai, Hong Kong
Property / Real Estate Services
PricewaterhouseCoopers
Kitty Allen
Manager, Assurance
Tel 2289 2855
22/F, Prince’s Building
Chater Road Central, Hong Kong
Accounting
CORPORATEFulbright & Jaworski LLP
James Rogers
Senior Associate
Tel 2286 1035
Fax 2523 3857
16/F, The Hong Kong Club Building
3A Chater Road, Central, Hong Kong
Legal
Venture Photography
Stephen Wadsworth
General Manager
Tel 2885 6262
Fax 2885 8828
1/F, Winway Building, 50 Wellington Street
Central, Hong Kong
Photography
OVERSEASRock The Boat Consulting Ltd
Fraser Murray
Managing Director
Tel 0845 519 5045
2 West Regent Street, Glasgow
Scotland, G2 1RW, United Kingdom
Consultancy
University of Kent
Alex Hughes
PRC Vice Chancellor
Tel 01227 823 527
University of Kent, Canterbury, Kent
CT2 7D2, United Kingdom
Education
STARTUPCoron Pacifi c Ltd
Edward Nicol
Chief Executive
Tel 3182 7381
edward.nicol@coronpacifi c.com.hk
10/F, Silver Fortune Plaza
1 Wellington Street, Central, Hong Kong
Consultancy
Prime Portfolio
Nick Todhunter
Senior Consultant
Tel 6023 0894
27/F, World Wide House
19 Des Voeux Road, Central, Hong Kong
Property / Real Estate Services
Vision Brands Limited
Alastair Drew
Director
Tel 5329 4054
Room 2301-3, Wayson Commercial
Building, 28 Connaught Road, West
Sheung Wan, Hong Kong
Consultancy
www.br i tcham.com18
NEW MEMBERS
Shaken Not StirredNovember 10, Manchester United Restaurant Bar
Derek Ip (Santa Fe Relocation Services), Andrea Demy (AGS Four Winds), Douglas Wong (Blackfi re Education)
Terry Ng (InterglobeCorporateSolutions Ltd.), David Leung (systemsGo)
Matthias Kraus (DB Schenker), Lesley Ball (Mamas and Papas), Robbie Wood (DB Schenker)
Vicky Wong (J.W. Marriott Hotel Hong Kong), Patrick Kan (Carlsberg Hong Kong Ltd.)
Dovenia Chow (British Chamber of Commerce in Hong Kong), Jason Barker (Mamas and Papas), Mandy Cheng (British Chamber of Commerce in Hong Kong)
Mark Basford (Synco Marketing Ltd.), Leigh Mackeurtan (Concise Media Design)
Sam Powney (Speedfl ex Asia), Paul Waller (DB Schenker)
Erica Tau (Sage Education Development Centre), John Johnson (The Prudential Assurance Co. Ltd.)
November 28, The Space, Hollywood Road
Leigh MacKeurtan (Concise Media Design), Stephen Wong(Advantage Professional)
Andrea Demy(AGS Four Winds), Kelvin Cheung (Allied Pickfords)
Duncan Tong (National Australia Bank), Jonas Tam (National Australia Bank)
Philippa Symington (FTI Consulting), Nicholas Stuart (National Australia Bank), James Ley
Warwick Pearmund (Advantage Professional),Ben Todhunter, Cassius Taylor-Smith (Giant Communication),
Nick Todhunter (Prime Portfolio)
Macy Au (KPMG), Danny Ho (KPMG)
Robbie Wood (DB Schenker), David Stanton (Asia Ecological Consultants Ltd.)
Alexis Lee Phillips (Magnet Harlequin Asia), Stuart Northrop (Widnell Sweett), Richard Beadle (Magnet Harlequin Asia)
Gregory Brossard (Goedhuis and Co.), Dovenia Chow (British Chamber of Commerce in Hong
Kong), Alison Asome (Hart Giles)
Tim Hay-Edie (Pilot Simple Software), Guy Fraser (Miller Heiman)
Ceri Silk (Skeyndor Institute), Dr.
Susan Jamieson (Holistic Central and Lightdoctor), Janice Williams (The Rose
Partnership Ltd.)
Nicola Thompson, Tina Leggett (Renaissance College), Linda McConnell (Nomura International Limited)
Christopher Hammerbeck (British Chamber of Commerce in Hong Kong), Andrea Demy (AGS Four Winds), Terry Ng (Interglobe Corporate Solutions Ltd.)
19December 2011 • Vol 26 • No 11
EVENTS
Jessica Hefes (DT Communications Ltd.), Bilal Arshad (ICC Financial)
