BRINK’S GLOBAL SERVICES SINGAPORE
Delivering sustainable, secure and tangible solutions www.brinkssingapore.com.sg
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Cashing in on
SECURE s the world’s leading provider of secure logistics for valuable commodities, Brink’s’ success in the Southeast Asian region would seem something of a formality, but via a core philosophy of continuous improvement and a dedication to providing multi-sector solutions, the Company refuses to rest on its laurels as it embarks on its latest diversification. Established in the region in 1989, Brink’s has developed a proud heritage of service, offering integrated secure solutions at every level within its customers’ value chain process, across six highly secure storage facilities. These services span inventory management - such as storage, sortation, and pick & pack operations to complex domestic and international distribution services. Subsequently, Brink’s has been rewarded with responsibilities including the role of approved vault operator for SGX (Singapore Exchange) and ICE (International Commodities Exchange) Precious Metals trading inventories. By blending more than 155 years of global risk management experience with new technologies and operating systems, Brink’s can offer marketleading solutions to drive efficiency while enhancing safety and security within every client’s business.
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Diversification Brink’s’ influence in Southeast Asia has replicated the global Group’s ongoing success, while remaining committed to local demands via a recent focus on cash processing and ATM cash management Writer: Matthew Staff Project Manager: Tom Cullum
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The most innovative and efficient end-to-end logistics solutions
Many Singapore-based corporations operating within the valuable sectors have benefited from Brink’s renowned ability to provide the most innovative and efficient end-to-end logistics solutions spanning such a vast range of markets.
Baskaran Narayanan, Singapore Country Manager
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Enhanced service levels applied to cash processing
Our technological expertise means we can provide additional asset management services while increasing operational efficiencies across our customers’ ATM network
“In terms of our recent business expansion, we have been looking extensively into the cash processing services and the ATM cash management sectors,” explains Baskaran Narayanan, the Company’s Country Manager for Singapore, Malaysia and Indonesia. “These types of services were already in the marketplace, however the banks were looking for an enhanced service levels and that’s where we came in. “Our technological expertise means we can provide additional asset management services while increasing operational efficiencies across our customers’ ATM network.” As a result, Brinks has increased the number of ATM machines under its management three-fold in 2015, with a further doubling, year-on-year expected by the end of 2016. Narayanan adds: “We have grown quite significantly in both the ATM and
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stablished in 1988, Kaloti Precious Metals (Kaloti) has grown to become one of the world’s largest, privatelyowned, gold and precious metals refiners and trading houses; renowned throughout the world for quality, reliability, responsible sourcing and customer service. Strategically based in Dubai, considered a global gateway to the east and west, Kaloti has registered its operations under the Dubai Multi Commodities Centre (DMCC) Free Zone, enabling the Company to provide comprehensive solutions for the physical precious metals industry in an international market setting. As a family-run Company, we place emphasis on building strong relationships with our valued customers and partners across the global to ensure long-term sustainability. Whether it is for professional traders, wholesale gold dealers or future investment, we offer a wide range of trading and brokering services for precious metals through our Dubai office; where we run trading desks around the clock. These include: spot, forwards & options, location swaps, hedging structures, price risk management, OTC margin trading, foreign currency pricing models and EFP trading. Kaloti source gold globally and in varied forms; including mined gold, scrap gold, jewellery and pure gold. It is our policy and practice to maintain the highest standards of ethical conduct, to comply with all applicable laws and to do business only with persons who themselves abide by law and ethical principles. Moreover, Kaloti has full-service assaying facilities in Dubai, Hong Kong, Sharjah, Singapore and Miami that provide test results within 24hrs.
From raw materials to minted bars, Kaloti can ensure a reliable transportation by air, across land, and overseas to bridge the gaps for our customers across the globe. Our dedicated team of experts handles precious metals logistics day-in, day-out. By managing all aspects of the supply chain, we track each and every delivery, reducing lead times along the way. Gold refining In 2016, our new state-of-the-art refinery will open in Dubai; capable of refining thousands of kilograms of gold bars at impressive purity levels of 999.99, 999.9, and 995, as well as other precious metals including bars, ingots and coins. It will be a combination of innovative technology and fully automated production methods with European expertise. With a production capacity of 1,400 tonnes of gold and 600 tonnes of silver, the new refinery will be one of the world’s biggest. Believing in change We are a dynamic organisation that believes in change and recognises the importance of innovation. We look into the future with an eye on further expanding and institutionalising the business, improving our product offering, and continuing to seek international standards and accreditations from the world’s most recognised associations. Our partners include leading global logistic companies, reputable worldwide airlines, and renowned security service providers such as Brinks.
www.kalotipm.com.hk www.kalotipm.com
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LOGAM MULIA
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T Aneka Tambang (Persero) Tbk, a leading mining and minerals processing Company, owns the Logam Mulia Precious Metal Refinery, Indonesia’s only major gold refiner and bar manufacturer. The Refinery, located in east Jakarta, issues London Good Delivery 400 oz bars and 12 smaller -sized cast and minted bars that are branded with the Logam Mulia official stamp. The bars are traded within Indonesia, as well as internationally, with kilobars mainly exported to Southeast Asia, Hong Kong, India and Australia. Since 2013, the Refinery has significantly expanded, opening 12 gold boutiques across Indonesia, with plans to further increase these distribution channels heading into 2016. The boutiques are located across key cities including; Medan, Palembang, Banjarmasin, Balikpapan, Makassar, Bali, Surabaya, Bandung and Jakarta.
end-to-end cash management areas, which includes picking up branch and retail cash, and integrating that into our overall cash solutions portfolio.”
Market leader
The wider Group’s ability to provide market-leading innovative solutions to diverse multi-market environments, while constantly looking to enhance both reporting and security within their respective supply chains, has been a leading factor in its successful expansion to more than 100 countries. This has seen Brink’s secure a marketleading position within the region for currency movements. “We are the market leader across Singapore, Malaysia and Indonesia leveraging our international knowledge and experience, and delivering the highest levels of customer service for valuable storage, cash processing and distribution both domestically and across the region,” Narayanan says.
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While we leverage from the wider Brinks Group, we have domestic strongholds and domestic organisations here in Singapore to ensure we have both the global expertise and the local competitive advantage
In addition, last year the Refinery tapped into the jewellery business under the Preferential Tariff Scheme, ASEAN India Free Trade Agreement, adding a further skillset to its repertoire. After launching a depository programme in 2014 called “Brankas”, short for”Berencana Aman Kelola Emas”, customers can now save gold purchased in a Logam Mulia deposit box and become an accountholder, providing the flexibility to top-up the gold deposit at their convenience. In 2015, the Refinery launched a series of collectible gold minted bars called the “Batik Series”. The Batik Series is inspired by the intangible heritage of Indonesia which is traditionally written on clothes and has become the pride of Indonesia. People can buy the Batik Series now in Logam Mulia gold boutiques.
www.logammulia.com
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FURNISTEEL
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urnisteel is an established onestop shop for your renovation, open plan system furniture and racking systems. The concept was developed for the commercial and industrial sectors to renovate and furnish their premises in a hassle-free manner. Our team offers technical and functional support with hands-on experience to ensure the most effective and professional service is rendered. There is no job too big or too small. If you need it, we can do it! T +65 6547 4369 E sales@furnisteel.com.sg
www.furnisteel.com.sg
PT ADVANTAGE SCM
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T Advantage SCM is a leading cash management Company in Indonesia that was established in November 2004, focusing on cash and valuables management services.
Complementing the rapidly rising financial operation, other sectors falling under Brink’s’ remit - both globally and, by proxy, in Southeast Asia - include mining, diamond dealers, jewellery, manufacturing, printing, government operations, airlines, technology and precious metals. Across each of these sectors, Brink’s’ renowned portfolio of services are available, spanning secure logistics, walk-in service centres, trade show services, evaluation centres, storage services, inventory management, customs clearance, brokerage, currency processing and warehousing to name just a select few.
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On December 2013, the Company entered an agreement with Brink’s Global Services (BGS) and became the partner serving BGS’ Indonesian operations. The Company has a network of 31 full-branches and 21 service outlets, located in 50 cities across Indonesia. In terms of its cargo business, PT Advantage SCM is servicing national and multinational banks and other companies including mining companies on their valuables logistics such as bank notes, bank cards, gold bars, jewellery, silver, holograms and pearls. Precious metals is a key sector within the Brink’s portfolio
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Your solution for
storage, furniture systems & renovations!
Tel: +65 6547 4369 Email: sales@furnisteel.com.sg www.furnisteel.com.sg
- Cash In Transit - Cash Processing - ATM Cash Replenishment and First Level Maintenance - International and Domestic Valuables Cargo Services
“BE PRO CURE IT”
Headquarters: Jalan Cideng Barat No. 48 – 49 Central Jakarta 10150, Indonesia
BE: Brand and Excellent PRO: Professional CURE: Customer Relation IT: Integrity and Trus
Phone: +6221-3802469 Fax: +6221-3805762, +6221-3522033 Email: cargo@advantagescm.com Website: www.advantagescm.com
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Competitive advantage
Brink’s’ competitive advantage is understanding the unique local and regional challenges and how they impact global market product offerings to ensure the most robust and secure value-add services are delivered to the total satisfaction of its customers. Furthermore, utilising its existing facilities across Singapore enables local teams to meet and fulfil all customer requirements. “Our main office, Enterprise One, is in a self contained secure area and looks after the entire domestic and global service side,” Narayanan notes. “Our second facility, Northstar, looks to support storage and cash services. Finally, our state-of-the-art facility at Le FreePort in Singapore is used for the storage of precious metals and has industry-leading levels of security. “While we leverage from the wider Brink’s Group, we have robust domestic operations here in Singapore
Industry-leading levels of security
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As an international Company we are able to bring in our technical knowhow and introduce technologies, while our experience in being a market leader is applied very well in the Singapore market
to ensure we have both the global expertise and the local competitive advantage.” Other market differentiators come in abundance, both as a consequence of the Company’s international reputation and its clear local capabilities, stemming all the way from pricing, to compliance levels, to customer collaboration. Narayanan adds: “As an international Company we are able to bring in our technical knowhow and introduce technologies, while our experience in being a market leader is applied very well in the Singapore market. Beyond that, the brand name alone carries so much weight for us in the industry.”
Sustainable future
Brink’s’ goals for the next stage of its regional development will once again see a vigilant assessment of new potential market sectors making their
The global Brink’s name carries huge weight in Singapore
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mark across Southeast Asia. Much in the same way that ATM solutions and financial management services have taken precedence in 2015, it is pharmaceuticals that Narayanan expects to take-off for the Company moving into 2016. The Country Manager says: “We are always looking to diversify and expand in new areas and having seen the movements of pharmaceuticals across
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As a niche player we have many, many future opportunities to realise, and the foundations are in place to build a longterm, sustainable future
Europe and North America, we see Singapore as a hub for the sector, and an area we can really have a positive influence on. “Similarly, in Malaysia and Indonesia, we will be looking into more security solutions; leveraging the good work we have done in addressing this big issue in Singapore to meet the same demand in these two countries.” To facilitate such expansions, the Company will also embark upon a series of investments in its fleet of vehicles, as well as into its premises to ensure it can meet the demands put upon Brink’s, both internally and by its customers; all of which will gear the business up for further sustained success in the future. Narayanan concludes: “We are fully committed to keep this region sustainable in terms of its growth. As a niche player we have many, many future opportunities to realise, and the foundations are in place to build a long-term, sustainable future.”
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BRINK’S SINGAPORE PTE LTD 1 Kaki Bukit Road 1 #02-33 Enterprise One Singapore 415 934 T: +65 6286 7666 | +65 6591 7777 F: +65 6591 7778 E: Brinks_Singapore@BrinksGlobal.com
www.brinkssingapore.com.sg