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February 2008


MITA 373/03/2001

the financial services hub

Stresssss: Manage it! The economics of Johor Bahru


First of all I would like to wish all our members, including the large group of new members, a very happy 2008. I know it is a little late, but that does not change the fact that our board really have appreciated the support we received in 2007. The board has changed because Frans van de Bospoort decided to do other things in 2008 and therefore left the board as Vice President. We all wish Frans all the best in his pursuit for other challenges. Diederik Heinink has been asked to join the board and stays on as Chief Editorial as well. Diederik welcome on board! As for myself, I accepted the function as Vice President and I will try to make 2008 the best year ever as member of the team. From my point of view, the Regional Network Trading drinks in December 2007 was a huge success. There seems to be a very large interest in this kind of events because there is a significant group of people who are interested to meet others within this kind of concepts. I would like to thank Pim Kraan of the Embassy of the Kingdom of the Netherlands who organised the 2-days meeting and of course also Chris and Marianne Sanders for opening their lovely residence for the ADB December event. Also I would like to thank Pim for the initiatives he took to make the meetings possible between the ADB and the temporary Dutch Chamber of Commerce in Singapore. This organisation will focus on corporate memberships as we do on networking and individual memberships. At this moment a team is testing if there is sufficient support for an organisation like this. Of course, as always, we will keep you informed. The cooperation between the ADB, the Embassy and the temporary Chamber is excellent and we hope it will enhance the empowerment of the Dutch business community. We kicked off 2008 with our very popular New Year's `borrel' at the residence of the ambassador. More than 200 people registered, a fantastic record! The event was kindly sponsored by VOPAK and the Embassy of the Kingdom of the Netherlands. We also received a visitor from Dubai, Peter de Jongh, former Chairman and board member of the Netherlands Business Council, Dubai. He came with a very interesting proposal, namely if we could become sister organisations with the equivalent organisation in Dubai. There is strong support within the Dubai organisation for this idea because many members come to Singapore regularly. The other question was if we could become members of each others organisations. Please give me some feedback on this and send it to me by email ([email protected]). For the closing part I would like to express my gratitude for the increasing numbers of members we seem to attract with our high quality magazine, our website and our monthly events. The board will make 2008 a very good year for all of you, we promise!! See you soon, Remco Muzerie Vice President

Remco Muzerie

`To share meaningful and business-related informationaamongst the Dutch business community in Singapore, whilst networking in fun environment '

Jan de Vegt

Annabelle Deken

Ard Huisman

Freddy Meindertsma Richard van der Werf

Diederik Heinink


Vol.18 · No. 1 · February 2008

A monthly publication of the Association of Dutch Businessmen

ADB BOARD Jan de Vegt Remco Muzerie Annabelle Deken Ard Huisman Freddy Meindertsma Richard van der Werf Diederik Heinink EDITORIAL COMMITTEE Diederik Heinink, Chief Editor Esther Balhuizen Frank Kuijsters Jeroen de Koning Lineke van Nederpelt Maaike Perenboom Richard Soemita Way Ying Lee Wil Kolen

President Vice-President Honorary Secretary Honorary Treasurer Member Member Member


PROLOGUE REVIEW ADB New Year's "borrel" Second regional trade conference BUSINESS Amicorp: right in the heart of financial services Stressssssss SINGAPORE What's happening across the border? Singapore: the new Switzerland?

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SECRETARIAT Lineke van Nederpelt Mailing Address: c/o 22 Camden Park, Singapore 299814 Telephone: 9101 6201 email: [email protected] Website Email : : [email protected]

CONFERENCE CALENDAR COLUMN BY... Richard Soemita Racing in Singapore LIFESTYLE The fifteen days of the Chinese New Year EVENT AGENDA BUSINESS NEWS BIZZ AGENDA

Editorial contributions for the next issue may be sent or handed over to the ADB Secretariat, before or on the day of the monthly ADB meeting. The contents of this magazine are partly based on information received from third parties. The Committee does not take responsibility for the correctness of the articles. Designed by Jennifer Phua Printed by Khoo Sun Printing Pte Ltd MITA 373/03/2001 Membership fee is S$ 100 per calendar year. For registration, please see the website sg/en_member_signup.htm. Membership is renewed automatically effective the first month of the new calendar year. Make your cheque payable to "Assocation of Dutch Businessmen" and send to ADB, c/o 22 Camden Park, Singapore 299814. Termination of membership must be received by ADB Secretariat in writing before 1 January, otherwise you will be charged for the full amount for the following calendar year. Please notify the ADB secretariat of any changes in employer, (email) addresses or any other personal particulars that might be of interest to the ADB administration.

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Vol.18 · No. 1 · February 2008


Mariska Nobelen, Patricia Butin Bik, Marianne Sanders

Menno Douwes Dekker, Mark Woudstra, Paul de Bruijn, Marcel Danen

Frank Kuysters, Philippe Huinck, Diederik Heinink

ADB New Year's "borrel"

By Lineke van Nederpelt

And another record was broken: 232 people registered for this popular event! On the 7th of January the traditional ADB New Years "borrel" was held and kindly hosted by Chris and Marianne Sanders at their lovely residence. On behalf of the ADB Board and its members we would like to thank Vopak and the Embassy of the Kingdom of the Netherlands for sponsoring this very successful event.

Monique Chaudron, Martin Koenen, Antoinette and Piet van den Brink, Wendy Laheij, Mathieu Spros

Haiko Zuidhoff, Ard Verloop, Remco Kroeze

Marnix Luiten, Pieter van Houten, Marie-Hélène Piederiet

Geer Langezaal, Maaike Perenboom, Paul Bloemendal

Gene Kwee, Mirjam Bout, Jean Pierre Koolmees, Eveline Maas

Arnold Bruins, Otto Jan van Diepen, Edwin Jager, Menno Douwes Dekker

Dik-Jan Jetses, Tjebbe Smit, Guido Nieuwenhuijzen, Marius Messer


Vol.18 · No. 1 · February 2008


Second regional trade conference

Singapore on 10 & 11 December 2007

Present at the meeting:

Embassies: Head of Economic Section from Singapore, KL, Beijing, Jakarta, Bangkok, Manila, Hanoi, HCM City. From The Hague: 1 representative of Ministry of Economic Affairs and 1 of its agency EVD, Dutch Business Organizations (further: DBO): · MDBC - Malaysian Dutch Business Council Professional organization · INA ­ Indonesian Netherlands Association ­ Professional organization · NTCC ­ Netherlands Thai Chamber of Commerce ­ Professional organization · DBAV ­ Dutch Business Association Vietnam ­ Membership organization · ADB ­ Association of Dutch Businessmen ­ Membership organization With Ambassador Chris Sanders as chairman and the Dutch Embassy Economic Section in Singapore as host and initiator, the meeting started with an evaluation of the regional meeting held in Ho Chi Minh City December 2006. The recommendations and conclusions made during that first meeting have only been partially implemented, perhaps due to a lack of time, purpose and ownership. A review of the 2006 meeting can be found in the ADB Magazine issue of February 2006. A subsequent visit with the delegates to the Economic Development Board on the programmatic and integrated approach to trade and investments in Singapore, revealed a market oriented vision that's proven to be successful. The Singapore "one stop office" model for services worldwide and government services packages is a pragmatic approach that conceptually has been partially implemented and customized by the Dutch Embassy in Singapore.

Delegation of Regional Trade Meeting By Freddy Meindertsma

The first day of the conference, though interesting, was not fully applicable to the DBO, because part of the day was focused on internal processes within Economic Sections of the Embassies and the cooperation/objectives/ directives between the Embassies and The Hague - Ministry of Economic Affairs. More interesting for the DBO was to hear that the promotion of Dutch economic relations is being evaluated, and that impending budget cuts might also affect the operations of some embassies. The evening program of the first day was a dinner and drinks at the Ambassador's residence, with an opportunity for delegates to meet with the Board of the ADB and its members. Also present were those ADB members who have initiated a Dutch Chamber of Commerce in Singapore. Until recently there has been no Dutch Business Chamber in Singapore as has been communicated several times in our ADB Magazine. The Dutch Embassy sees a clear benefit of having a Dutch Chamber to work with. On the second day the DBO had a separate meeting in order to: (a) Evaluate the conference; (b) Provide more input for any continuation of such a conference; (c) Propose measures to establish better working relationships with the Embassies and The Hague; (d) Share some best practices.

Marco Winter (MDBC), Chris Sanders, Freddy Meindertsma, Jan de Vegt

Marco Robbertsen, Jan Willem Smulders, Jeroen de Koning, Chris Sanders


Vol.18 · No. 1 · February 2008


On the sharing of best practices it will be interesting for the members of the ADB to hear what kind of successful activities have been organized by the DBO in the region: · NTCC: quarterly lunch with business professional sharing the same job function, in Thailand these luncheons have been running for CFO's and is called the Dutch CFO group. An IT group will be launched soon; · DBAV: joint investment seminar with EUROCHAM having 3 speakers representing the main fund managers in Vietnam, obviously successful due to the local stock market's attractiveness as upcoming market; · MDBC: Holland Promotion with performance of band "Kleintje Pils" attracted 250 participants; · INA: Regular business luncheons with top speakers on generic or macro topics, organized by the European Chambers in joint effort.

on working with the Business organizations. Ambassador Sanders explained that there was no such strategy, neither are there instructions or directives from The Hague. It all depends on circumstances and opportunities in each individual country and initiatives that take place. The way DBO are organized differs from globally organized chambers such as American, German and French Chambers. The professionally run DBO are sometimes at odds with their Embassies with regard to providing services. Embassies might provide certain services free of charge while the Chamber charges for these same services. For these Chambers it remains important to have a clear understanding of each other's responsibilities and therefore know where the opportunities are for cooperation.

Jeroen Plag, Hans van der Vlugt, Jacky Dijk


The conference reinforced the need to network between Economic Departments of Embassies and DBO in the region and to hear about and discuss policy issues. Such a conference could be held every two years from now on. Exchange of economic quarterly updates would be continued, by being available on the respective websites of the individual Embassies. The Dutch Embassy in Singapore will look in to the need for, and benefits of, organizing regional meetings by the trade sections of the Dutch Embassies in the ASEAN countries for regionally operating companies on specific issues. The professionally run DBO in the region will initiate and formulate a standardized minimum level of service that their corporate members can expect. This element is not relevant to the ADB in its current shape and form as it lacks corporate members nor does it provide trade related services. However this element is relevant to the Chamber of Commerce in Singapore. INA will take the lead to start up a further regional DBO cooperation. The quest here is what 3 professionally run organizations and 2 voluntary organizations (Vietnam and Singapore) can do together for the benefit of their regionally active members.

Evaluation (moderated by Ambassador Chris Sanders):

On behalf of the Embassies: (a) To continue with these type of meetings, but on a bi-annual basis with the inclusion of the DBO (next conference in 2009 in Jakarta, with 1 of the working sessions to be arranged by the DBO); (b) Alternate years (commencing in 2008), the Economic Councilors to meet in The Hague (on the sidelines of the annual Asia Meeting); (c) Maintain quarterly communication and distribute a list of missions, trade shows with Dutch involvement, activities, etc. On behalf of the DBO: (a) To give more exposure to this regional network of DBO, for the benefit of our respective members especially those that have regional roles; (b) Intend to building capacity and to establish a regional level of "minimum service level", so companies and other organizations know what to expect from the DBO. This element would be relevant to the initiated Dutch Chamber of Commerce in Singapore instead of the ADB; (c) In line with the key sectors identified by the Dutch Ministry of Economic Affairs and by the respective Embassies, the DBO intend to increase their capacity within these key sectors (know how, contacts, membership); (d) Continued interest in annual conferences, possibly with added separate sessions for DBO only. After announcing the DBO evaluation and action points, it was requested if The Hague/the Embassies have a specific strategy or objective

Frank Kuysters, Remco Muzerie, Rogier Gasseling, Diederik Heinink

What we would like to hear from you, our ABD members: · Do you feel new activities, such as mentioned under the DBO sharing of practices, should be organized by the ADB or do you feel current activities are satisfactory and sufficient? Would you concur with the ADB further taking part in the regional DBO cooperation?


Please let us know your opinion by sending an email to the ADB at: [email protected]


Vol.18 · No. 1 · February 2008


Amicorp: right in the heart of financial services

As you can read in the article on the financial services industry elsewhere in this magazine, the sector has been growing rapidly in the past few years. Singapore is becoming a major financial hub and Amicorp is one of the companies that is in the middle of this booming industry serving banks, law firms and fund managers.

trusts or company structures. Next to this, Amicorp has a vivid Business Process Outsourcing unit, offering accounting, incorporation and secretarial services to (Singapore) companies. The business in Asia is being managed by another ADB-member, Ivo Hemelraad.

Booming Asia

Amicorp started their Asian operations in Hong Kong in 2004 and opened an office at Equity Plaza in 2005 to kick off their activities in Singapore (in the meantime they moved to their current office at 55 Market Street). The Lion City was a strategic place to start the Asian business, developing as the international trading and financial centre of South East Asia, a region consisting of many rapidly growing economies, offering tremendous potential for international business. Next to that, being active in the field of international tax planning, Singapore is a good place for Amicorp to be, because of its favourable tax regime offering a lot of advantages for their clients.

Singapore office

The Singapore operations focus on the fast growing South Asian market. A dedicated and international team of 15 (December 2007) tax, legal, financial and commercial professionals provides clients with the full range of the Amicorp solutions. Managing director of the Singapore office is Joe Teng, also Dutch and ADB-member. Amicorp works with most of the big (private) banks and law firms in Singapore and is rapidly expanding business.

The company was founded by (ADB-member) Toine Knipping in Curacao in 1992. In a few years time he expanded the company to several offices worldwide. Fifteen years later, Amicorp has 26 offices in 23 countries. In Asia Pacific Amicorp has offices in Singapore, Hong Kong, Guangzhou, Mumbai, Bangalore, Jakarta (rep office) and New Zealand.

Active market player

In the market where Amicorp is operating, extensive know how and high quality service, as well as building a network is very important. For this purpose, Amicorp visits sessions of professionals associations on a regular basis and attends and sponsors conferences and organizes own seminars. Recently, they kicked off their Amicorp Seminars for professional advisors in the Marina Mandarin and the Singapore Cricket Club. And, last but for sure not least, Amicorp Singapore is supporting the ADB with five, active members.

Solutions provider

The company is a so called service provider in the financial services industry, providing banks, law firms and other financial services providers with tax and estate planning solutions for their end clients. These are high net worth individuals and business owners, either Asians or foreigners living in Asia who want to secure family assets or have various investment needs. These solutions can imply the setup and administration of investment funds,


Vol.18 · No. 1 · February 2008

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By Frank Kuijsters

The potential causes of stress are numerous and highly individual. What you consider stressful depends on many factors, including your personality, general outlook on life, problemsolving abilities, and social support system. Something that's stressful to you may not faze someone else, or they may even enjoy it.

Do you sometimes catch yourself working with clenched teeth and with tense neck and shoulder muscles? A sign of stress? We all get stressed at some time in our working life, some more than others. The way we deal with stress is the main difference that separates us, and the degree to which we are affected is also a major variable. Not only can stress affect your ability to work, consequently affecting your business, but more importantly - your health. Today, stress has acquired a negative sound. We see stress as overload. We keep on going, and don't allow ourselves time to think about what we have already achieved or to wonder whether we are concerning ourselves about the right things. Believe it or not stress is not always a bad thing, and as you will see, having stress in our lives can actually benefit us in some way or another. Alternatively, you may be immediately wondering how you can eliminate stress completely. Sadly, stress is only natural and you cannot eliminate it altogether. Instead, you have to learn how to control or `manage' stress to avoid the negative symptoms that we are threatened by. Stress is `taken' by the individual and not `given' by the pressure of work. In other words, it is not about being faced with pressure, but more how we react to pressure. This is why some people welcome stress, as it acts as a motive to get things done.

Signs and symptoms of stress

The potential causes of stress are numerous and highly individual. What you consider stressful depends on many factors, including your personality, general outlook on life, problem-solving abilities, and social support system. Something that's stressful to you may not faze someone else, or they may even enjoy it. For example, your morning commute may make you anxious and tense because you worry that traffic will make you late. Others, however, may find the trip relaxing because they allow more than enough time and enjoy listening to music while they drive. The following table lists some of the common warning signs and symptoms of stress. Use it to identify the symptoms you typically experience when you're under stress. If you know your red flags, you can take early steps to deal with the stressful situation before it--or your emotions--spiral out of control.

Cognitive Symptoms: · · · · · · · · · · Memory problems Indecisiveness Inability to concentrate Trouble thinking clearly Poor judgment Seeing only the negative Anxious or racing thoughts Constant worrying Loss of objectivity Fearful anticipation

Emotional Symptoms: · · · · · · · · · · Moodiness Agitation Restlessness Short temper Irritability, impatience Inability to relax Feeling tense and "on edge" Feeling overwhelmed Sense of loneliness and isolation Depression or general unhappiness

Physical Symptoms: · · · · · · · · · · Headaches or backaches Muscle tension and stiffness Diarrhea or constipation Nausea, dizziness Insomnia Chest pain, rapid heartbeat Weight gain or loss Skin breakouts (hives, eczema) Loss of sex drive Frequent colds

Behavioral Symptoms: · · · · · · · · · Eating more or less Sleeping too much or too little Isolating yourself from others Procrastination, neglecting responsibilities Using alcohol or cigarettes to relax Nervous habits (e.g. nail biting) Teeth grinding or jaw clenching Overdoing activities (e.g. exercising) Overreacting to unexpected problems


Vol.18 · No. 1 · February 2008


How to Reduce, prevent, and Cope with Stress, the Stressssss busters

The goal of managing stress is to bring your mind and body back into balance. By adopting a positive attitude, learning healthier ways to cope, and changing the way you deal with stress, you can reduce its hold on your life. Not all stress can be avoided, and it's not healthy to avoid a situation that needs to be addressed. You may be surprised, however, by the number of stressors in your life that you can eliminate. 1. Recognise that you feel stressed ­ If you know when you feel stressed you can do something about it. Denial means more stress. 2. Learn how to say "no" ­ Know your limits and stick to them. Whether in your personal or professional life, refuse to accept added responsibilities when you're close to reaching them. Taking on more than you can handle is a surefire recipe for stress. 3. Avoid people who stress you out ­ If someone consistently causes stress in your life and you can't turn the relationship around, limit the amount of time you spend with that person or end the relationship entirely. 4. Use your own `pause button' ­ Take time at least once a day to become aware of your physical posture. You may need to relax your shoulders, sit down and breathe very calmly three times, more deeply each time. Estimated time: 0.5 minutes. Effect: a relaxed/less tense feeling. 5. Be solution focussed ­ think in terms of solutions, not in terms of problems. Solve your problems as quickly as possible. Don't let them pile up. Delays are not a solution. 6. Take control of your environment ­ If the evening news makes you anxious, turn the TV off. If traffic's got you tense, take a longer but less-traveled route. If going to the market is an unpleasant chore, do your grocery shopping online. 7. Avoid hot-button topics ­ If you get upset over religion or politics, cross them off your conversation list. If you repeatedly argue about the same subject with the same people, stop bringing it up or excuse yourself when it's the topic of discussion. 8. Pare down your to-do list ­ Analyze your schedule, responsibilities, and daily tasks. If you've got too much on your plate, distinguish between the "important" and the "urgent." Drop tasks that aren't truly imortant and urgent to the bottom of the list or eliminate them entirely. 9. Express your feelings instead of bottling them up ­ If something or someone is bothering you, communicate your concerns in an open and respectful way. If you don't voice your feelings, resentment will build and the situation will likely remain the same. 10. Be willing to compromise ­ When you ask someone to change their behavior, be willing to do the same. If you both are willing to bend at least a little, you'll have a good chance of finding a happy middle ground. 11. Be more assertive ­ Don't take a backseat in your own life. Deal with problems head on, doing your best to anticipate and prevent them. Express irritations as quickly as possible: you will then sound friendlier and won't worry about them yourself for (too) long. 12. Accept mistakes ­ Accept that people, including you, sometimes make mistakes or deal with or solve things in a different way and learn to put disappointments into perspective by answering the question `so what?' 13. Manage your time better ­ Poor time management can cause a lot of stress. When you're stretched too thin and running behind, it's hard to stay calm and focused. But if you plan ahead, you can avoid these stress-inducing pitfalls. 14. Divide your time ­ and attention between work, your private life and hobbies. 15. And last but not least: Make choices!!

Frank Kuijsters is Director of Digne Consult Singapore, a practical and result oriented training, coaching and business consulting organisation that supports employees and their organisations in matching their individual and organisational development ([email protected])


Vol.18 · No. 1 · February 2008


What's happening across the border?

By Maaike Perenboom

Johor South-Iskandar Developments

Iskandar Development Region aims for development of a region three times the size of Singapore, just north of Singapore, with five economic flagship zones centered just across the border of Singapore.

Iskandar's development responds to the necessity to be globally competitive in order to be economically prosperous. With an increasing movement of workforce, capital and information in this global world, the region is taking advantage of its strategic location. Iskandar aims to decrease trade barriers and increase human mobility and international financing and thus position itself as an International City.

The Iskandar Development Region consists of five economic flagship zones, clustered around the border with Singapore. Zone A is Johor Bahru City Centre. This zone will be the causeway to Singapore and a new financial district, with Danga Bay as the integrated waterfront city with exotic waterfront living, an island getaway, Danga world entertainment and a huge festive street mall. Zone B, Nusajaya, will be the Johor New State Admin Centre and a fully integrated urban

Iskandar is taking advantage of its strategic location, just like Singapore does, with exploitation of air and sea linkages all over Asia-Pacific and membership of the Indonesia-Malaysia-Singapore Growth Triangle (IMS-GT). IMS-GT is targeting for an increasing economic competitiveness for the region, integration and growth through comparative exploitation, economics of scale and productivity linkages. Concentrating on economic relations between Johor and Singapore and between Singapore and Riau, especially Batam, the IMS-GT has great advantages to Johor as it is next to Singapore. With two direct road links to Singapore and sea links to Batam, Iskandar Development Region is in an excellent position to take advantage of the IMS-GT, which allows for international cooperation, human mobility and tourism.


Vol.18 · No. 1 · February 2008


development with a medical and wellness village, a university hub, an international destination resort with waterfront living and the southern industrial logistic clusters. This zone is set to become the region's nucleus of economic growth.

Zone C, is the Western Gate Development where Tanjung Pelepas Port will have direct access to Singapore via the second link. It's Malaysia's biggest transshipment and one of the fastest growing ports in the world. It is a combined logistics, inland port and cargo hub and declared a free trade zone. Zone D, is the Eastern Gate Development where Pasir Gudang Port, Tanjung Langsat Sheltered Deep sea Port and Kim Kim Regional Distribution Centre cater for the demands of the rapid developing region. In Zone E, Senai-Skudai, the International airport is situated, strategically linked to the rail and road network and facilitating the Tanjung, Johor and Singapore ports. This will be the air-cargo hub with high-tech parks aiming for international investments The main drivers for the South Johor economy are at the moment electrical and electronics, as a lower end part of the electrical and electronics Singapore cluster, petro- and oleo chemical industries, food and agro-processing, logistics and related services and tourism. With the new developments these drivers will be complemented with a focus on health services (a medical park and a medical city for medical excellence), educational services (universities, R&D, international schools and amenities), financial services (a premier Islamic Financial Hub) and creative industries (a 1,000 acre park for an extensive digital content industry). An `Initial Incentive and Support Package' has been developed to attract businesses with corporate tax exemptions and possibilities to source capital and employees globally.

A Comprehensive Master Plan is set in place to guide the developments and at the moment plans have been developed and are ready for sale. South Johor as a whole complements Singapore's growth strategy with an environment that provides an alternative "quality of life" that is not readily available in the Island State.

This article has been written based on data from: The images come from this source as well.


Vol.18 · No. 1 · February 2008


Singapore: the new Switzerland?

By Richard Soemita

Have you wondered why they are so many expensive cars driving around here, luxury condo's been sold like hot buns and many people wearing designer clothes?

Simply because more rich people have decided to let their money reside in the Republic. According to the Monetary Authority of Singapore (MAS), deposits by non-residents grew 46% to S$ 30 billion at October 2007 from a year ago. This is almost 3 times the S$ 10.6 billion parked here in 2002. Singapore is becoming a private banking hub for the region! Twenty billion is in longer-term fixed deposits and the rest in short-term demand deposits and savings. Much of the money piling up here is from rich individuals e.g. Middle East and even as far away as Russia.

to make Singapore its global private banking headquarters. UBS had a banner year in Asia in 2007. It topped the league table for mergers and acquisitions. In Singapore they raised more money in the IPO market than any of its competitors. They are the largest private bank in Asia and the invested assets doubled in the past 2 years to S$ 260 billion as at end September 2007. But more boutique private banks are also setting up shop here such as Lombard Odier Darier Hentsch, a Geneva based institution that will open a Singapore office very soon. Typically these banks target predominantly family entrepreneurs from Singapore, Malaysia, Indonesia, Brunei and Thailand. EFG Bank, a boutique Swiss Private Bank (3rd largest in Switzerland), is another good example of how Private Banks in Asia can take advantage of the rapid accumulation of individual wealth. The secret behind EFG's success is its unique business model. Kees Stoute, Managing Director for EFG Bank in Singapore: "EFG manages to attract the very experienced, entrepreneurial Private Bankers thanks to our unique business model which aims to minimize bureacracry and maximize creativity. EFG is founded by Private Bankers who understand that key in Private Banking is the relationship between the high net worth customer and the trusted advisor. In the long run you can only be really trusted if at all times you are allowed to act in the best interest of your clients. In other words, we create an environment where experienced profesionals can truly excel." How does that work? Kees Stoute: "Apart from providing top notch investment support and state of the art IT-systems, we don't like to give relationship managers restrictions as to which clients they are allowed to have, which markets they are allowed to serve, which products they should sell, how they should sell, etc. EFG relationship managers are all

Kees Stoute

The `Wealth Industry'

As `the rich' move in, the financial industry is booming as a consequence. Investment banks like UBS, Merrill Lynch, Morgan Stanley are doing great business and Standard Chartered Private Bank became the first international bank


Vol.18 · No. 1 · February 2008


very experienced professionals who for Europeans. That's why this don't need managers to tell them country is really competing with how to best serve the interests the Swiss wealth industry. But, to of their clients". In Asia, where be able to tap into this market you EFG started in 2000, EFG employs need to have a large network of already more than 250 people, tax consultants, trust companies a number that increases almost and asset managers in Europe and every week. a team, which is capable to deal Fo r t i s P r i v a t e B a n k i n g with the European culture and Singapore is also taking advantage languages". As Fortis is having of the tax and infrastructural one of the biggest European developments in Singapore. Due Desks in Singapore it's clear that to Fortis extensive international they manage to do that. network and wide range of services Not only the banks are doing they are able to provide both Asians great but also service providers and Europeans a "one stop shop" are having a ball. According to for all their wealth and company Asiahedge, there are 760 Asian related needs. Their competitive Guido Nieuwenhuyzen hedge funds, with aggregate edge is in offering international assets of US$ 130bn. During 2006, structuring, offshore insurance, finance and asset at least 100 new Asian hedge funds were launched, management services instead of the usual brokerage a 25% consistent growth in the number of funds services, the local and U.S. private banks provide. over the last 9 years. By 2008 there will be well "Especially non Asians are finding their way to our over 1,000 Asian strategies available. office" according to Guido Nieuwenhuyzen, Head Undeniably, a stable cost structure and a clear of the European Desk in Asia. "Singapore is offering and conducive regulatory and tax environment has a very efficient and stable banking environment primed Singapore into one of the most desirable

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places in Asia for fund managers to open their own boutique hedge funds. Since 2002, an increasing number of former proprietary desk traders, institutional fund managers and private bankers have struck out on their own to start their own businesses. Nearly half of all Asian hedge funds have been running for more than 3 years, and almost 200 for more than 5 years. A typical Equity Manager in Japan would have capacity of perhaps US$ 500m and in the rest of Asia maybe US$ 250m. With the set up of more hedge funds, administrators have also flocked down in Singapore. Custom House Administration is one of these parties and established presence in Singapore last year. Other parties such as Amicorp, a Dutch Antillean service provider originating from Curacao 15 years ago, has also set up a new Fund Administration division in Singapore. Managing Director Joe Teng: `there is strong potential to win business from funds that bigger administrators consider too small to be worth taking. That could be a fund with assets of US$ 100mio, which not so long ago considered a big fund. Amicorp is certainly capable of making a living from funds of that size with a small team that can complete work fast and efficiently. After all, we have more than 15 years experience in the admin field and an operation in Bangalore that uses the same software as the industry standard'.

Singapore gain in rivalry with Hong Kong

Hong Kong may remain the main Asian centre for hedge funds outside Japan, but its perennial rival Singapore is steadily gaining ground, in part thanks to a relaxed regulatory regime for managers that belies the city-state's reputation for excessive state control, which on the other hand has sparked a certain degree of concern among investors worried about lack of supervision. According to Singapore-based research firm Eurekahedge, Hong Kong-based managers ran 15% of hedge funds that invest in Asia at the end of 2006, compared with 10% for Singapore, but it was Singapore that dominated new launches with 24 start-ups compared with 6 in Hong Kong. Singapore has benefited from regulatory provisions under which managers whose funds have no more than 30 qualified investors are exempt from the requirement to obtain a Capital Markets Services license. This enables hedge funds to be set up in Singapore in as little as a week, whereas obtaining a license to operate as a hedge fund manager in Hong Kong can take as long as four months. In April 2007, Singapore had 347 exempt fund managers, according to the MAS.


All in all, the forecast for the growth and deepening of the Singapore hedge funds industry is positive. Albeit the continued support and commitment by the regulatory authorities to encourage local talent to develop and start hedge funds continues to be an important factor, much of the future growth will nevertheless depend on the willingness of statutory bodies and institutions to allocate funds into the alternative investments space. Many players in the industry are also hoping for more incentives which will allow hedge funds to be brought `on-shore' in the bid to encourage wealth management and development in the Singapore capital markets.

Hong Kong may remain the main Asian centre for hedge funds outside Japan, but its perennial rival Singapore is steadily gaining ground, in part thanks to a relaxed regulatory regime for managers that belies the city-state's reputation for excessive state control, which on the other hand has sparked a certain degree of concern among investors worried about lack of supervision.

A hedge fund is a private investment fund that charges a performance fee and is typically open to only a limited range of qualified investors. Alfred Winslow Jones is credited with inventing hedge funds in 1949. In order for an (US) investment fund to be exempt from direct regulation, it must be open to accredited investors only and only a limited number of investors can belong to it. As their name implies, hedge funds often seek to offset potential losses in the principal markets they invest in by hedging via any number of methods. However, the term "hedge fund" has come in modern parlance to be overused and inappropriately applied to any absolute-return fund ­ many of these so-called "hedge funds" do not actually hedge their investments. Hedge funds have acquired a reputation for secrecy. Unlike open-to-the-public "retail" funds (e.g., U.S. mutual funds) which market freely to the public. In some countries, hedge funds are specifically prohibited from marketing to investors who are not professional investors or individuals with sufficient private wealth. This limits the information a hedge fund is legally required to release.


Vol.18 · No. 1 · February 2008


A selection of upcoming conferences in the region in February / March:

Takaful Conference on Islamic Investment Management

12 - 13 Feb, Dubai USD$1480.00

Digital Marketing 2.0 Conference & Workshop

25 - 27 Feb, Hong Kong USD$1550.00

World Oil & Gas Finance Summit 2008

17 - 20 Feb, Abu Dhabi, UAE USD$2199.00

China Commodity & Trade Finance Summit

28 - 29 Feb, Beijing USD$1695.00

2nd Annual HR in Construction Summit

17 - 20 Feb, Dubai USD$1899.00

FinTech Asia 2008

28 - 29 Feb, Singapore USD$990.00

13th Asia Pacific Cross Border Transactions

18 ­ 19 Feb, Mumbai USD$1299.00

Strategic Media Relations in Asia Conference & Workshop

3 - 5 Mar, Hong Kong USD 1550.00

Singapore Airshow 2008

19 - 24 Feb, Singapore SGD 50.00

Springboard 2008

4 Mar, Singapore SGD $250.00

3rd Annual Strategic Management Accounting Forum 2008

20 - 21 Feb, Sydney, Australia AUD$2194.50

Risk Management in Financial Institutions: Mitigating Risk and Weakness, Maximizing Strength and Opportunities

5 - 7 Mar, Kuala Lumpur USD$700.00

Satellite Technology Asia (SATTECH) 2008

21 Feb, Singapore EUR$500.00

Project Finance Oil & Gas Asia

25 ­ 27 Feb, Singapore SGD$2595.00

Advanced Executive Secretaries & PAs Conference

6 - 8 Mar, Shanghai USD$1595.00

Log on to for more information on these and many other events. Conference Bay provides a unique online overview of conferences. You can book tickets online or make a bid for a seat.

Conference Bay


Vol.18 · No. 1 · February 2008


Racing in Singapore

Richard Soemita

ave you noticed lately that at least 1 person in your condo ownes a Ferrari, Maserati, Lamborghini or a cheaper sportscar like a Porsche or Mercedes SLK? In my block one guy has a canary yellow Ferrari and a Kermit-green Lamborghini (would not be seeing dead in any of these...not that I'm jealous) which hits the bottom of the front spoiler each time when he drives into the parking. This must irritate him so much that he revs up the car up to the next 50 meters going at least 90 km an hour. I reckon that this is the fastest he can go with his car in sad! Relatively speaking you also see much more of these fancy cars in Singapore on a daily basis than a whole month in the P.C. Hooftstraat, especially since Prins Bernhard passed away (the only man I know that has a Ferrari with chauffeur). What amazes me too is the age of the drivers. Whereas the average midlife crises chap drives these in Holland, the guys (never seen a woman driver before) here barely look 24! Last week-end I sat in a taxi when all of a sudden this red Ferrari pulled up alongside us with two 20-years-old-looking chaps in it. Judging from the brightness of the bonnet and the way the driver could not handle the gearbox, I reckon that he must just have bought the car. When the light turned green I noticed that my taxi driver was trying to pull off quicker than the Ferrari and of course succeeded, since he knew his Toyota Corola 1.6L already for 14 years. Half way before the next traffic lights the Ferrari finally caught up but had to slam his breaks very hard since the lights turned red. At the next traffic lights the 2 drivers exchanged looks and I now felt that the race was on! Although I started to get nervous both Uncle and me got more exited. I nearly offered to take over the driving seat, but Wan Tu Goh (cab drivers name) knew his own car far better than I. Lights went on green and again we pulled the Ferrari out in 1st gear, which is striking since cabs love to take off in 2nd and sometimes 3rd gear! I could now smell victory and instructed Uncle to carry on Grange Road although my condo was back at the 2nd turning. Coming to the 3rd set of lights the 2 drivers now gave each other the gladiator look like in the Ben Hur movie. And again we won after the 3rd start! The Ferrari driver now got very irritated and tried to overtake us from his inside lane. Ahead of us we could see a bus that was about to brake and we nicely blocked in the Ferrari who now had to queue up behind the bus. We then went into the slow lane, after cutting off the bus, and the bus overtook us. I then told Uncle to drop me off within 10 meters. Now the Ferrari had to wait behind us for me to exit the taxi. As soon as he had a chance to move in the next lane, he finally accelerated properly to 100km an hour whilst I gave him the V-sign. I still had to walk home for 20 more minutes in the same direction, but my Sunday afternoon was of sweet victory. How sad is that! Ps: last year Singapore had a record sale of Ferraris and Maseratis and currently the Hong Seh Group is looking for more `Ferrari or Maserati Sales Executives'. Meanwhile Uncle has also applied for a spot at the F1 GP and is currently looking into the Corolla 2L model. I'm considering to be the Team Chef.



Vol.18 · No. 1 · February 2008


The fifteen days of the Chinese New Year

By Frank Kuijsters

Chinese New Year starts with the New Moon on the first day of the new year and ends on the full moon 15 days later. New Year's Eve and New Year's Day are celebrated as a family affair, a time of reunion and thanksgiving. The first day of the Lunar New Year is "the welcoming of the gods of the heavens and earth." · Prior to New Year's Day, Chinese families decorate their living rooms with vases of pretty blossoms, platters of oranges and tangerines and a candy tray with eight varieties of dried sweet fruit. On walls and doors are poetic couplets, happy wishes written on red paper. · On the first day of the New Year many people abstain from meat because it is believed that this will ensure long and happy lives for them. · The third and fourth days are for the sons-in-laws to pay respect to their parents-in-law. · The fifth day is called Po Woo. On that day people stay home to welcome the God of Wealth. No one visits families and friends on the fifth day because it will bring both parties bad luck. · On the sixth to the 10th day, the Chinese visit their relatives and friends freely. They also visit the temples to pray for good fortune and health. · The seventh day of the New Year is the day for farmers to display their produce. These farmers make a drink from seven types of vegetables to celebrate the occasion. The seventh day is also considered the birthday of human beings. Noodles are eaten to promote longevity and raw fish for success. · On the eighth day the Fujian people have another family reunion dinner, and at midnight they pray to Tian Gong, the God of Heaven. · The ninth day is to make offerings to the Jade Emperor. · The 10th through the 12th are days that friends and relatives should be invited for dinner. · After so much rich food, on the 13th day you should have simple rice congee and mustard greens (choi sum) to cleanse the system. · The 14th day should be for preparations to celebrate the probably more food is consumed during the New Year celebrations than any other time of the year. Vast amounts of traditional food is prepared for family and friends, as well as those close to us who have died. · The 15th day of the New Year is called the Lantern Festival, which is celebrated at night with lantern displays and children carrying lanterns in a parade.


Vol.18 · No. 1 · February 2008



Theatre Group "Plankgas" DATE : 13 February 2008 VENUE : 8 pm, Hollandse Club Main Hall HC members $67.50 Non HC members $87.50 Two plays: "Nu even wel" and "Jetplane" Tickets available at HC, 6464 5225

The Legend (



: 7-10 Feb 2008 Thu, 8:00 pm Fri & Sat, 3:00 pm & 8:00 pm Sun, 3:00 pm VENUE : Victoria Theatre SYNOPSIS The Legend is presented by Tangshan Shadow Play, the world's most famous Shadow Play group making their first ever trip to Singapore. As a special curtain-up show brought to you, Tortoise and Crane tells a Chinese fable story about the battle of wits between a crane and a tortoise. The most stunning and exclamatory Shadow Play - The Legend will then begin, combining special effects of lighting, music, smoke and fluorescence. It tells of the legend how Princess Miaoyu grew up through hardships and fought against monsters and demons. The illusory story and twisted plot make the entire show a magical art not to be missed. DURATION: Approx 1 hr 25 mins LANGUAGE: Mandarin (Chinese & English subtitles)

DIM SUM DOLLIES in The History of Singapore

DATE : 21-28 Feb 2008 Mon ­ Fri, 8 pm Sat ­ Sun, 3 pm & 8 pm VENUE : Esplanade Theatre SYNOPSIS `"The History of Singapore is quite possibly going to be remembered as a landmark production for Singapore comedy". Hong Xinyi, The Straits Times Life! The Dim Sum Dollies return with their hilarious version of The History of Singapore after a sold out run in 2007! The Dollies take on Sang Nila Utama, Samsui Women, Japanese Pilots and more, as they spice up "history" with song, dance and social commentary! Catch this Cabaret Comedy of Epic Porportions!! DURATION: Approx 2 hours Interval Approx 20 mins LANGUAGE: English


DATE : 14-15 Feb VENUE : Drama Centre Theatre


SYNOPSIS LOVE is in the air! It's all about LOVE! A variety show concept of the 70s, 80s and 90s. This show brings heart warming love songs of old and new. Expect stitches with much enjoyable love skits to all the young and old school romantics. What more with Tender Moments, Tender Affection and Tender Love!!! DURATION: About 2 hours LANGUAGE: English


Vol.18 · No. 1 · February 2008


Sources: Het Financieele Dagblad and Reuters

Sovereign funds buying stakes in banks

As the global credit crisis deepens, major banks continue turning to sovereign wealth funds for capital injections. Rising commodity prices and the rapid growth of nations such as China have added some $2 trillion in assets to sovereign funds. Many of the funds are seeking higher returns by taking stakes in investment firms abroad. Banks are paying high prices for the capital, but working with sovereign funds can allow for a quick infusion of equity, without a public offering requiring disclosure of financial details. Following is a rundown of major investment banks getting support from sovereign wealth funds, starting with the most recent: · On Jan 15, Citigroup Inc said it was privately raising $12.5 billion after announcing a record quarterly loss of nearly $10 billion. The infusion includes nearly $7 billion from Singapore Investment Corp Pte, $3 billion from the Kuwait Investment Authority and an undisclosed amount from Saudi Prince Alwaleed bin Talal, the bank's largest individual shareholder. Also on Jan 15, Merrill Lynch & Co Inc, which had a third-quarter loss of $2.3 billion and $8.4 billion in writedowns, said it received a $6.6 billion investment from Kuwait, the Korean Investment Corp and Japan's Mizuho Financial Group Inc. On Dec 24, Merrill said it would boost its capital by raising up to $6.2 billion in a private placement with Singapore's Temasek Holdings Pte Ltd and Davis Selected Advisors. On Dec 19, after recording a fourthquarter loss and $9.4 billion of writedowns, Morgan Stanley said it sold a $5 billion stake to China Investment Corp. The fund will get equity units convertible into as much as 9.9 percent of the bank's common stock. · On Dec 10, the Government of Singapore Investment Corp injected about $9.75 billion into UBS AG, Europe's fourth-largest bank, for a stake of up to 9 percent. An unnamed Middle East investor also agreed to buy an additional stake in UBS of about 1.5 percent. UBS had announced a $10 billion write-down and said it could have its first full-year loss in a decade. In November, Citigroup sold a stake of up to 4.9 percent for $7.5 billion in the form of equity units convertible to common shares to the Abu Dhabi Investment Authority. In October, CITIC Securities Co agreed to invest about $1 billion in Bear Stearns Co Inc securities that would convert into about 6 percent of the U.S. investment bank. Bear Stearns will spend a similar amount on CITIC debt that will amount to a 2 percent stake over time.







Singapore Air Show 2008

19-24 February Changi Exhibition Centre

World Effie Festival

Marketing/Advertising/Design 28-29 February Suntec Singapore

[email protected] 2008

Banking/Finance 1-2 March Suntec Singapore

IT Show 2008

Information Technology & Communication 6-9 March Suntec Singapore


Vol.18 · No. 1 · February 2008


Public holidays 2008

Chinese New Year : Thursday 7 February Friday 8 February

The Embassy will be closed during the above-mentioned public holidays. In case of an emergency, please contact the duty officer on HP: 9661 5704

Career 2008 & Education 2008

Embassy of the Kingdom of the Netherlands is participating in: Career 2008 and Education 2008 28 February - 2 March Suntec Singapore, Level 6, Halls 601-603 11am to 8pm daily, admission is free

Incoming Trade Delegation

The Netherlands Aerospace Group (NAG) has organised a delegation of 8 companies in its "Holland Pavilion" at the inaugural "Singapore Airshow 2008" located at the new Changi Exhibition Centre (view map location at: The Singapore Airshow 2008 is the largest aerospace and defence event and is one of the top three air shows in the world for the military and civil aviation community. Event highlights include: · Aerobatic Flying Displays · Singapore Airshow Aviation Leadership Summit · Global Air Power Conference · International Defence Procurement Conference · Global Space & Technology Convention · Airport Pavilion · Integrated Land Defence Pavilion NAG participants: · Avio Diepen BV · Aeronamic BV · Daedalus Aviation Group · Fokker Services · Sun Test Systems BV · TNO · AM Euro metals · Dutch Gas Turbine Association (VGT) website: website: website: website: website: website: website: website:

An official Netherlands Defence delegation (details are not confirmed at the time of printing) will also be visiting this Trade show. For more information, please contact the Embassy's Trade Section at: [email protected]

Voordeligste all-in tarieven

vanaf 22,- per dag

Snelste Schiphol service · 24 uur per dag · Voordeligste all-in tarieven · Laagste eigen risico


Vol.18 · No. 1 · February 2008


Job Seekers / Internship

Name : Age : Tel. no. : Tel. no. mobile : Email-address : Study: 2002­2007 2000 1998 1997 1994-1997 Ron van der Wegen 33 +31 10 467 45 91 +31 6 404 15 079 [email protected] Working experience: Jan 2007 Consultant ­ PBR (migrant network organization) - Advice & built capacity of volunteer organizations - Manage projects on issues of emancipation, diversity, and participation - Strategic planning and policy making Jan 2006Programme Officer Asia ­ Cordaid Jan 2007 (development organization) - Capacity building of urban organizations - Assess project proposals - Monitor urban (slum upgrading) projects Jan 2005 ­ Country Officer ­ Vluchtelingenwerk Jan 2006 (refugee council) - Analyze data and jurisprudence - Document social and political developments Looking for: A job in the following areas: (Human Resource) Management, Consultancy, Social Responsibility, Project Management With my social background I can offer new insights for companies in a variety of disciplines.

Bachelor of Built Environment (B BE) Course Work Organizer Built Environment Course Cost Estimator Built Environment Course Preparatory / General insight in Built Environment HTS Built Environment

Specialization: Construction techniques; planning; cost estimating; drawing (Acad) Working experience: 2001-present Aanneming Maatschappij J.P. van Eesteren B.V. (construction company) Markets: tall and complex projects 2004-present Field engineer Making overall- and time schedules, plans for construction sites; setting up and managing registration systems; determining and setting up implementation methods. Cost estimator Costing new projects; making / assessing / comparing tenders; surveying activities in the work Bouwbedrijf Uytdewilligen B.V. (construction company) Cost estimator


Name Age home Email-address

: : : : :

Laurens van den Brule 31 (65) 9042 8947 (65) 6250 5410 [email protected]

Studies: Business Economics Ms (Erasmus Rotterdam) International Management Bs (Hogeschool Utrecht) Specialization: Finance, Risk and Project Management Working experience: 5 years 01/2004-06/2007 Project Manager Arcadis Bouw & Vastgoed (Real Estate) Amersfoort, the Netherlands · Reported directly to management on project status, results, budgets and forecasts. · Assigned to budgeting and cost management of large projects. Responsible for customer relations and financial planning of cash flow (yearly turnover in excess of 10 M per year). · Created project management standards such as costcalculation systems, scheduling and tracking of business developments (order intake, work in progress, Human Resource development). · Implementation of changes such as procedures for Sox/IFRS accounting standards, responsible for preparing, organizing and supervising during audits (Span of control 80). Further experience: Worked part-time at the Rabobank for the service centre investments. Internships: Dutch Centre for Business Planning and American Express. Looking for: A full time position where I can utilize my Finance and Business skills in a professional and motivating environment. My interests lie in the field of marketing, (project) management and general finance positions.


Looking for: A job in the following areas: field / structural engineering; project management; surveying. In my work I would like to be in contact with the different building partners. I'm a team player and I always go for the best results.

Name : Age : Tel. no. : Tel. no. mobile : Email-address : Study: 2006 - 2007

Kirsten Theuns 29 +31 10 467 45 91 +31 6 155 08 121 [email protected]

2006 2000 ­ 2004

Several courses in Diversity Management, Project Management, Training Skills, Mediation & Conflict Handling Master in Advanced Development Studies, Radboud University Nijmegen Master in Cultural Anthropology / Developmental Sociology, University of Leiden

Specialization: Organization Development, Urban (Sustainable) Development, Capacity Building, Intercultural Communication & Gender, Asia Internship: Research in Indonesia on Solid Waste Management


Vol.18 · No. 1 · February 2008


Internship Assignment with TKH Group Asia Holding Pte Ltd


TKH Group NV (a public listed company in the Stock Exchange of Amsterdam, The Netherlands) is a leading solutions provider for Telecom, Building and Industrial solutions. Its presence in Asia is mainly in Singapore, Malaysia and China and it is part of the Group's strategy to provide development opportunities to talented interns to acquire business skills and cross cultural experience. 3. Develop Proposals and Business Plans for M&A activities. 4. Support the co-ordination of M&A activities.


· · Degree/Diploma in Business Keen interest in developing one's knowledge and skill in the area of mergers and acquisitions. This involves understanding the impact on corporate strategy, possible regulatory and financing considerations, how to identify and address potential problems, and how to take advantage of opportunities resulting from post-merger integration and restructuring. Good business acumen and strong financial analysis ability Excellent interpersonal and communication skills

Assignment Summary

Function Duration Location Reporting to : : : : Mergers & Acquisitions Executive About 24 weeks Singapore Andrew Lam, Vice President - Operations, TKH Group Asia

· ·


1. Conduct market research in Singapore on business environment for Mergers & Acquisitions. 2. Identify potential companies for M&A and analyze their corporate financial positions.

Please email your detailed resume to: [email protected]



Company visit ­ IHC Merwede

25 February 2008

IHC opened its new Regional HQ in Singapore on the 11th of December 2007 with a new yard and workshop facility. IHC experiences increased demands for its services in the Maritime and Oil and Gas sector. The new facility is jointly used by IHC Hydrohammer, IHC Parts & Services and IHC Handling Systems. Business units of IHC Merwede located in Singapore: · IHC Hydrohammer B.V. · IHC Parts & Services B.V. · IHC Handling Systems V.O.F. IHC Hydrohammer designs, builds and supplies hydraulic piling hammers, for on- and offshore use and is known throughout the world for its innovative approach. IHC Parts & Services is responsible for the supply of all original equipment for dredging installation, replacement parts for vessels at work and specialist services necessary for maximum output. IHC Handling Systems designs and supplies offshore equipment and services and provides a one stop shop for rental or purchase of offshore related installation equipment. Program: 19:30 Arrive at IHC; welcome drinks and food 20:00 Presentation Walter Leijen ­ Hydrohammer Gijs Busser ­ Parts & Services 21:00 Tour 22:00 End Registration: Please register for this event by sending an email to [email protected] by 20 February Address: 6 Chin Bee Avenue #01-03 Singapore 619930


Vol.18 · No. 1 · February 2008


New Members

Albert Jan Hofman,

Fitch Ratings

Annemieke Kouwenhoven Antoinette van der Linden,


Claire de Boer-Worp,


David Rus, Elpis Financial Erik van Amerongen,


Erik Vledder, ABN AMRO Bank Gérard Hanssen, Hollandse Club Gijs Busser, IHC Merwede Helen Sanderson-Ten Hoeve Hetty Vosselman, Personalizzata Jan Kant Joep Hillegers, UBS Jo Johnston, AngloINFO Joost van Doodewaard,


Joris Klazen, Spring Karin Martens, Microsoft Laurens van den Brule Lou Cheng, AC Analytical Controls Marc van Loo, Loola Adventure Resort Marnix Luiten, ABN AMRO Bank Martijn van Eldik, ING Real Estate Martin Willemsen, LXE Singapore Mathieu Spros Michiel Verzijden, IHC Merwede Niels Boef, KPMG Paul de Bruijn, Axa Asia

Paul Heijsman, Unitech Offshore Pauline Beelen, Europhia Consulting Sander Schwartz, GMF-Gouda Singapore Stephan Beukeveld, BHP Billiton Tessa Sprokkel, Monetary Authority of Singapore Theo Splinter, Citco Fund Services Zhimeng Chou, Ernst & Young

Leaving Members

Arco Herk, Prima Ltd Bart Rademaker, Givaudan Flavours

Cindy Weisscher, Rabobank Dickson Barnhoorn Esther Dietvorst Franck van der Mark, Maersk Henk Jan Voskuil, Business Facilitating Services Hidde Goïnga, Shell Jan-Willem Adrian, DHL Marc Kramer, HVS International Resy Arts, WWF Rick Leenheer, Alcatel-Lucent


If not, please do so at at your earliest convenience: 1. By crossed cheque made payable to: "Association of Dutch Businessmen", and send your cheque to Association of Dutch Businessmen, c/o 22 Camden Park Singapore 299814 Please state your name on cheque. 2. In cash and send/deliver to/at for the attention of ADB, c/o 22 Camden Park, Singapore 299814 3. By internet Bank name : Standard Chartered Bank, Battery Road Benificiary : Association of Dutch Businessmen Account # : 01-0-837759-8 Branch : 001 Bank code : 7144 Please make sure that your name will be stated on our bank statement. Wanted: webmaster for design and maintenance of the ADB website. You will have to upload the monthly ADB Magazine and place events, activities and various information online on request of the ADB board, secretary or editorial team of the magazine. Depending on monthly events and acitvities, this will take you about 5 hours per month. Interested? Please contact the secretary or the current webmaster by e-mail: [email protected] or [email protected]


Vol.18 · No. 1 · February 2008



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