ScandAsia Singapore - September 2014

SEP 2014

Singapore

Meet the new leader

of Nordea’s Private Banking Singapore branch ScandAsia.dk

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Future Virtuosos Required Ages 2-18

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Coming Events

17th European Networking Night Date : September 9, 2014, 18:30-19:30 Host : EuroCham Venue : &SONS, 22 Cross Street #03-50, China Square Central, Singapore 048421 Fee : EuroCham Members: Per Person - S$45 Supporting Organizations: Per Person - S$45 Non Members/Others: Per Person - S$65 Closing Date : Mon, 08-Sep-2014 For more information contact European Chamber of Commerce at www.eurocham.org.sg

Your FREE ScandAsia Magazine in Singapore

The Chamber’s quarterly networking nights allow participants to expand and consolidate their networks at a European level.

The European Chamber of Commerce in Singapore, known as EuroCham, was established in 2001 and is composed of the European National Business Groups in Singapore as well direct corporate members.

• The European Chamber of Commerce in Singapore represents the common interests of European businesses in promoting bilateral trade, services and investments between the countries of Europe and Singapore & the region.

• EuroCham provides European business with a communication and lobbying channel to Singaporean and European political & economic circles and are the sole European representative at the Singapore Business Federation (SBF) council.

ScandAsia is the only magazine that covers all the Danish, Finnish, Norwegian and Swedish residents in Singapore.

Epicurean Market is back!

We also publish a ScandAsia magazine in China, Thailand, and the rest of South East Asia.

Epicurean Market 2014 Marina Bay Sands 2nd Annual Food + Wine Fair 12-14 September 2014 Sands Expo® and Convention Centre

Get your own FREE copy: scandasia.com

Join other Epicureans on an international culinary adventure featuring over 50 restaurants, wineries and leading brands.

Have a meal or sample fine food and wine from around the world. Be enthralled by the buzz and pick up your favourite gourmet products along the way.

Publisher : ScandAsia Publishing Co., Ltd. 211 Soi Prasert Manukitch 29 Prasert Manukitch Road Chorakae Bua, Lad Prao Bangkok 10230, Thailand Tel. +66 2 943 7166-8, Fax: +66 2 943 7169 Editor-in-Chief : Gregers A.W. Møller gregers@scandmedia.com Assistant Editor: Thana Poopat thana@scandmedia.com Advertising : Frank Leong frank@scandmedia.com Finn Balslev finn@scandmedia.com Graphic Designer : Peerapol Meesuwan Peerapol@scandmedia.com Distribution : Wanvisa Rattanaburi wanvisa@scandmedia.com Printing : Advanced Printing Services Co., Ltd.

Highlights An exceptional line-up of culinary talents including: • Celebrity Chefs Nancy Silverton (Osteria & Pizzeria Mozza), David Thompson (Long Chim), Justin Quek (Sky on 57) and Tetsuya Wakuda (Waku Ghin) • Executive Chefs Christopher Christie (Marina Bay Sands), Joshua Brown (CUT by Wolfgang Puck), David Almany (Osteria Mozza), Karla Mendoza (Pizzeria Mozza) and Jonathan Kinsella (db Bistro Moderne) • Executive Pastry Chefs Ariana Flores (Osteria & Pizzeria Mozza) and Benjamin Siwek (db Bistro Moderne)

First ever Scandinavian Fair Date : 30 september, 10.00-14.00 Venue : The Danish Seamen’s Church, 10 Pender Road

Vendors will sell from small tables in the beautiful surroundings of Mount Faber when The Danish Seamen’s Church hosts their first Scandinavian Fair ever. Apart from shopping you can fill your stomach with Danish pastry or a Danish lunch buffet.

For more information visit www.dkchurch.com

September 2014 • ScandAsia.Singapore 5

News Brief

Danish financial fraud suspect ‘in hiding’ in Singapore

F

raud suspect Jesper Haron Mortensen, director of now bankrupt Sead Distributions, is believed to be in Singapore. Several sources have told the Danish IT-magazine Computerworld that the director is now living in Singapore. Allegedly he has even started a local company that bears the same name, as the one he went bankrupt with 2 weeks ago. anish and Swedish companies have been accusing Sead Distribution of selling fake electronic products. Jesper Haron Mortensen has been under the radar, since the Danish police searched Sead’s warehouse last fall. According to Computerworld several trucks were needed in order to remove all of the illegal goods.

The Danish police is still investigating the case. In 2011 Jesper Haron Mortensen went bankrupt with another company called Conta. Back then goods with a value of up to 15 million DKK disappeared from the company warehouse.

Jeppesen management system for Singapore

D

igital navigation specialists Jeppesen of Norway has been awarded a two-year contract with an optional three year extension to develop and implement an Integrated Hydrographic Management System (IHMS) for the Maritime & Port Authority (MPA) of Singapore.

The system will provide multiple functionalities, including bathymetric data handling, management and storage integrated with Jeppesen’s dKart Source Management system and tools for ENC and paper chart production and maintenance.

Other facilities include complete production of ENCs and paper charts in addition to their updating, maintenance and distribution, and introduction of an integrated Digital Source Handling system detailing traceable workflows. Full training for both basic and advanced users as well as database administrators will also be provided.

Norwegian envoy: Incentives key to electric car boom

F

ree parking, power charging and entr y through Electronic Road Pricing (ERP) gantries would make electric cars more attractive to Singaporeans.

A conference on August 1 on the future of transportation heard how similar measures boosted the take-up of “greener” vehicles in other countries.

Mr Tormod Endresen, Norway’s ambassador to Singapore, said financial and other incentives resulted in a flood of drivers choosing electric cars in his home country.

6 ScandAsia.Singapore • September 2014

News Brief

Angry Birds developer loses legal bid against “Angry Bite’

S

nack maker’s Angry Bite not similar to Rovio’s trademarks, says registrar THE developer of hit mobile game Angry Birds has lost a legal bid in Singapore to stop a Malaysian snack food firm from calling its chips “Angry Bite” here.

Kimanis Food Industries admitted being inspired by Finnish software developer Rovio Enter tainment’s franchise.

However, a trademark registrar ruled: “Being inspired per se does not amount to copying.”

Ms Sandy Widjaja, principal assistant registrar of trademarks, said in judgment grounds released last week: “Being ‘inspired’ is simply the starting point. Not everything inspired by an existing work is necessarily objectionable.”

She said that to decide otherwise “would be to give excessive protection” to owners of registered trademarks.

Noting it is common to have “lookalikes” in the marketplace, she made clear the issue would turn on the particular facts of each case weighed against the provisions of the Trade Marks Act. Kimanis applied to protect its product name in April 2012, but Rovio launched a bid to block it several months later.

Call +352 43 88 77 77 to find out more about our service

WEALTH PLANNING

You know where to go. We know how to guide you there.

Moving abroad can be very complicated. There are many things to consider, including the requirements of the different regulatory regimes to which cross-border wealth planning is subject. Let us guide you through the legislative labyrinth, and help you avoid unnecessary, time-consuming paperwork, as well as any unwelcome (and often expensive) surprises along the way. No matter where life takes you, Nordea’s in-house wealth-planners and their external network of experts can ensure that you are well prepared to meet the challenges that moving abroad brings.

Visit us at www.nordea.lu/WP , call +65 6597 1084 or e-mail kim.nielsen@nordea.sg

Making it possible Nordea Bank S.A, Singapore Branch is part of Nordea Group, the leading financial services group in the Nordic and Baltic Sea regions. Some products and services may, due to local regulations, not be available to individuals resident in certain countries and their availability may depend, among other things, on the investment risk profile of persons in receipt of this publication or on any legislation to which they are subject. Nothing in this publication should be construed as an offer, or the solicitation of an offer, to purchase, subscribe to or sell any investment or product, or to engage in any other transaction or provide any kind of financial or banking service in any jurisdiction where Nordea Bank S.A., Singapore Branch or any of its affiliates do not have the necessary licence. Published by Nordea Bank S.A., R.C.S. Luxembourg No. B 14.157 on behalf of Nordea Bank S.A., Singapore Branch, 3 Anson Rd #20-01, Springleaf Tower, Singapore 079909. www.nordeaprivatebanking.com subject to the supervision of the Monetary Authority of Singapore (www.mas.gov.sg).

AD_ScandAsia_Kim_WP_eng NEW.indd 1

14/08/2014 12:04

September 2014 • ScandAsia.Singapore 7

He was a part of Nordea’s private banking branch in Singapore even before they opened their doors for business in 2013. Now Kim Nielsen has been promoted to lead it.

8 ScandAsia.Singapore • September 2014

investments, while they have a local bank for their retail needs.

Nordea offers you to work with an experienced advisor, who shares your language and culture.We are recognized as a very safe bank, and for fair and transparent pricing. Further the right time zone makes co-operation easier, and we are happy to arrange face to face meetings.

Settling in Singapore

Meet

With quite a few languages in the household, Kim Nielsen and his wife were pleased to send their daughter to the English speaking Stamford American International School.

“My wife’s native language is French and mine is Danish, and we used to communicate inbetween in German. Our daughter was taught Swiss-German, so all in all it was a little chaotic,” Kim Nielsen says.

The modest size of Singapore might make you think that it is explored in a matter of days. But according to Kim Nielsen Singapore still surprises him with many extra layers, when he digs a little deeper.

“My wife and I recently went to a performance at Star Theatre, which I did not know about. I was

the new leader

of Nordea’s Private Banking Singapore branch

I

n less than two years Kim Nielsen went from senior account manager to being head of Nordea’s Private Banking operation in Asia.

But Kim Nielsen is not a rookie when it comes to international banking. Before moving to Singapore he spend 8 years working with banks in Switzerland, where he lived with his wife and his now five year old daughter.

Two years ago, when Kim Nielsen and his family were considering leaving Europe, his wife had already quit her job to take care of their daughter.

So when Nordea decided to open their branch in Singapore Kim Nielsen was immediately interested, and his wife was equally keen on the challenge.

“I must admit that it was not an easy decision to leave Switzerland, as I love both the beauty of the country and the very pleasant mentality of its people. It has a spectacular nature, fresh air, and a blessed geographic location,” Kim Nielsen says.

In the end, new challenges beat the Swiss nature and the family ended up in Singapore, where they are hoping to stay for many years to come, even though they will still miss doing outdoor activities and watching the seasons change.

Banking is all about people It is not the first time Kim Nielsen works for Nordea,

as a matter of fact he started his career in the early 90’s working for Unibank, a Danish bank that later turned into Nordea. He stayed with Nordea for 10 years before moving to Switzerland.

According to Kim Nielsen he likes to plan ahead and have a long term view on things, asked about his best skills he refers to the people around him.

“My friends characterize me as ‘trustworthy and hard-working’. In the past that has shown to be a good skill, when you are responsible for others people’s money” One of the challenges Kim Nielsen faces, is not to forget his clients in a time where the banks spend an increased amount of their time and resources on figuring out how to cope with new and stricter regulations.

“Obviously there is no way around being fully compliant with all regulations today, but banks should not forget that we are a service-provider, and our aim is to make sure that our clients are affected as less as possible. This is what I believe in,” Kim Nielsen says.

The majority of Nordea’s Singapore Branch customers are Nordic nationals or have relations to the Nordic countries. It is a private bank and clients typically use it for long term savings and

surprised to find a super-modern theatre, seating thousands, and which outdoor architecture seemed like a space ship,” Kim Nielsen says and adds that he would like to discover more of Singapore.

Easy tiger Most banks see a rapid growth in Asia, and the same applies to Nordea. But their strategy will not be to pursue the fastest possible growth.

“We will occupy more space and make up a larger team in 5 years time, but it is important to keep focus and control the growth. Part of that includes to say no thank you to opportunities,” Kim Nielsen says.

While Kim Nielsen believes Nordea has a benefit by providing advisors who shares the language and culture with Scandinavians and that they are available for face-to-face meetings. He knows there is competition and he sees other banks taking an approach similar to Nordea’s.

“Personally I believe that the Nordic way of Private Banking will get a strong foothold in Asia, and I believe that all banks who focus on competence, wealth management and client service will stand the best chance to win market share,” Kim Nielsen says.

September 2014 • ScandAsia.Singapore 9

Wake up to

Rayong

By Gregers Moller

When you plan your next visit to Thailand, you should consider staying at VIP Chain Resort and Sea Sand Sun Resort in Rayong. With prices starting from only 1000 baht per night it could be your most affordable trip of the year – and the start of a good business.

The province

Jens Brøchner Nielsen, the Danish CEO of VIP Real Estate Co., Ltd.,

I

nvesting in a vacation home in Rayong is in many ways a more attractive proposition than what you will find elsewhere along Thailand’s long coast line. Rayong is close to Bangkok, it has more natural attractions than most other coastal provinces and you will find fewer other foreign tourists.

The distance Rayong is only a 2-hours away from Bangkok.A public minivan will cost you only 160 baht and even if you take a taxi straight to the beach in Rayong, you will seldom be charged more than 2600 Baht. Once the high speed train gets built - a dream today, yes, but eventually it will come true - it will only take you 1 hour and cost 360 baht to reach Rayong.

10 ScandAsia.Singapore • September 2014

Rayong is the second most popular tourist destination in Thailand. So how come it doesn’t feel crowded with tourists? Because most of the tourists are Thai people! Rayong also has a bigger original population than other popular destinations. In combination of the two, you probably have the answer to why the people of Rayong are more friendly towards foreigners and why the level of prices here is more like in the Thai countryside.

Mae Ramphung Beach Jens Brøchner Nielsen, the Danish CEO of VIP Real Estate Co., Ltd., identified early on the attractions of Rayong and picked the longest beach of the province, Mae Ramphung Beach, as the place to built his two resorts, VIP Chain Resort and Sea Sand Sun Resort.

“We have been building, selling and running vacation homes and apartments in this area for close to ten years,” says Jens Brøchner Nielsen who personally appreciates the way the traditional Thai culture is a way of life in this province “We are growing steadily both in terms of vacation homes and rentals and will soon need to built more houses to follow the demand,” he says.

Have a look at 10.5 pct per year Jens Brøchner Nielsen suggests readers of ScandAsia

to take a weekend out to visit either Sea Sand Sun Resort or VIP Chain Resort to enjoy the area and at the same time see if this could be a pleasurable investment for them.With prices starting from only 1000 baht per night and it could be your most affordable weekend of the year – and the start of a good business.

“Our concept is simple. A private customer invests in a vacation home that we will then rent out, when they are not staying here,” Jens Brøchner Nielsen explains. ”The rental income is shared between us and the owner and to reduce the owner’s risk we also offer a buy-back guarantee. Even with a reduced risk, buyer will have a guaranteed return or saving up of the investment of for instance 10.5 percent per year.”

“It is a minimal exposure investment that starts at 925.000 Baht for a nice, newly renovated vacation home in an already settled village only 300 meters from the sea. Another option could be a two room house with a large roof terrace for less than 2,8 mill. Baht.”

“What ever your budget and your individual considerations for the investment we are likely to have a home that fits what you are looking for.

Come and enjoy a weekend to find out more – or check the websites vipreal.info or 123-thai.com or check out youtube: welcome to vip chain resort.

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&

Birgit Sarah Carlstedt, the present Consul of Denmark to Thailand, visits the grave of Denmark’s first ever Consul to Thailand, Carl Frederik Christian Købke at the Protestant Cemetery in Bangkok. Consul Købke must have witnessed a funeral for the unknown as described at the beginning of this article.

Dead Unwanted Ten percent of the Danes who die in Thailand end up being cremated at a random Buddhist monastery, having their ashes scattered into an unknown grave.

According to the Danish Consul this can be avoided.

12 ScandAsia.Singapore • September 2014

By Lasse Henriksen

C

hopped up and fed to the vultures.

That’s what Norwegian explorer Car l Bock saw happening to bodies of people without money for a proper funeral back in the late 19th century ‘s Thailand. Today the fate of the bodies nobody wants might not face the same indignity of 150 years ago. But just the thought of ending up unceremoniously disposed of could be unsettling to some, and, according to Birgit Sarah Carlstedt, the Consul at the Royal Danish Embassy, one out of ten Danes who die in Thailand actually end up as unclaimed bodies.

So even though this destiny might seem distant, failure to make preparation could mean more than a few expatriates end up getting cremated and having their ashes scattered in the river or put into an unknown grave.

Flying back to Scandinavia as a corpse is considerably more expensive than flying home alive. The cost of sending a body home is around 35.000 DKK. It includes embalming, a metal coffin and all the necessar y documents. Just sending an urn, containing ashes, home is approximately 11.000 DKK, and once the remains have arrived there will still be a funeral to pay for.

The family at home may not be able to pay for expenses this high. And some might not have savings to spare. A lot of people have not made arrangements before they die, this is one of the reasons why so many Danes end up as unwanted when they are dead.

Death is just the beginning Finding out who is to decide where your final resting place will be, is just the beginning of the legal trouble concerning death in Thailand. The question of inheritance is no less tricky, to say the least.

Different rules apply in different countries, and who will inherit what depends on your marital status, which address you are registered to and if you have written a will. The rest of this article can usefully be read as a guide to spare people you left behind from possible trouble and dispute, if not also expensive legal battle, if and when you die in Thailand.

We recommend writing a will, so that everybody will know the last wishes of the diseased.

We have been contacted by children of Danish expatriates saying ‘But listen you have to do something, our parent is Danish, aren’t you the Danish embassy? It’s OUR parent’ but we cannot help..

Registration, documentation, certification Most of the Danes who die in Thailand are men, old men, mainly above 60. Birgit Sarah Carlstedt said a lot of them have not prepared anything regarding their eventual deaths. The lack of preparation, combined with the fact that they have died in Thailand,is making an often complex situation even more chaotic.

“In Denmark there is a clear rule as to who is your next of kin all the way to the most distant relative. In Thailand the married partner gets it all, and that is the end of it. If you are not married but just living as a couple, the one left behind has no rights. It does not matter if you have lived together 25, 30 or even 40 years, if there is no marriage cer tificate the par tner is left with no rights at all,” Birgit Sarah Carlstedt said.

If you want your par tner to inherit your possessions, her advice is to get married and to register your marriage in both countries. If the marriage is not registered in your home country,

your closest relative in that country might be called in court instead of your spouse.

When death occurs in Thailand the most important document for a spouse is the death certificate. It is used to get the corpse from the hospital, money from bank accounts and to get the diseased erased from the house registration book.The Thai death certificate can only be used in Scandinavia when translated and both the Embassy and Thai Ministry of Foreign Affairs have certified it.

Write a will If you want to avoid a conflict between a Thai-spouse and the family at home, the best thing you can do is to write a will. It is your own will and you can choose exactly who and what to include. Birgit Sarah Carlstedt stressed that

you should make sure to cover the essentials before you start rewarding pets for their loyal companionship.

“We recommend writing a will, so that ever ybody will know the last wishes of the deceased. Where the person wants to be buried and who is going to inherit what,” she added that a will trumps the default rights of a spouse.

To make sure your will is valid in Thailand, you should have it translated and cer tified by the Thai Foreign Ministry.

The rights of a relative If you are registered with a permanent residence in Denmark, the Danish law of inheritance will apply. If your permanent address is in Thailand, Thai rules will apply. This means that if you have assets in both countries, and your permanent address is in Thailand, the inheritance will be distributed according to Thai rules and vice versa.

Sometimes scenarios like this can be troubling to the family at home. ”We have been contacted by children of Danish expatriates saying ‘But listen you have to do something, our parent is Danish, aren’t you the Danish embassy? It’s OUR parent,’ but we cannot help, and we cannot take sides in a case. The only thing we can do is to encourage the children to contact the Thai spouse and find a solution.” Birgit Sarah Carlstedt said.

If the spouse and the family at home fail to work out their differences, a lawyer might be necessary. According to Birgit Sarah Carlstedt this is not as straight forward as it may sound.

“It is not that simple, because a Danish lawyer cannot practise in Thailand and a Thai lawyer cannot operate in Denmark. So you have to find lawyers that can cooperate,” she added that the Danish Embassy will help by providing a list of lawyers in Thailand who are capable of handling such a case.

September 2014 • ScandAsia.Singapore 13

Finnish Kitchen

T

he Finnish kitchen is a bit controversial. A few years ago, the former French President Chirac claimed that “After Finland, Britain is the country with the worst food” and the Italian Prime Minister Berlusconi is quoted for saying: “I’ve been to Finland and I had to endure the Finnish diet”.

The harsh critiques was answered with a defense for Finnish food by some international food reporters, and in 2008 a Finnish pizza chain won the America´s Plate International pizza contest beating Italy. The Finnish pizza chain named their award winning pizza ”Berlusconi”.

The Finnish kitchen is quite much more than pizza though. Berries, mushrooms, bread, cold water fish and meat from deer and other wild living animals are highly prized ingredients in the kitchen.

One of the most welknowned Finnish dishes is the Porankäristys, sauteed reindeer. Now reindeer seems to be a little difficult to find in SE Asia why ScandAsia will like to challenge our readers and suggests to substitute the reindeer with meat from water buffalo. And we will be very interested to hear about the result from any of our readers brave enough to try.

The Dish Poronkäristys, sautéed reindeer, is perhaps the best known traditional meal from Lapland, especially in Finland, Sweden and Norway. Usually steak or the back of the reindeer is used. Slice it thinly (easier if frozen rather than only partially thawed), fry in fat, traditionally in reindeer fat, but butter and oil will do, spice with black pepper and salt, and finally some water, cream, or beer is added. The dish is often fried with chanterelles and leeks, and served with mashed potatoes and cow berry preserves or, more traditionally, with raw cow berries mashed with sugar. In Finland it is often served with pickled cucumber, which is not as common in Sweden.

(6 portions) • 800 gr sliced reindeer (poronkäristysliha) • 50 gr butter • 3 dl beer* • 2 small onions • 1 ½ tsp salt • 3 tbs flour • ½ tsp ground black or white pepper *Instead of beer, you can use cream or water to prepare the Sauteed Reindeer Sauce.

Recipe Cooking and Preparation Method Brown the sliced reindeer meat and chopped onions in butter, preferably in a cast iron casserole pot. Season the meat with salt and pepper and add the flour, stir. Add the beer and stir again.

Place the lid on top of the pot and allow to simmer at a low heat for approximately one hour.

Food Serving Suggestion Serve the Sauteed Reindeer Sauce hot together with mashed potatoes, loganberry jam, pickled beetroots and pickled cucumbers.

14 ScandAsia.Singapore • September 2014

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September 2014 • ScandAsia.Singapore 15

WHAT IF...

T AUGU5S 201 NS

ATIO APPLIC EN OP

Geovania prepares for the 2014 Initiative for Peace conference

…MAKING THE PEACE SIGN REALLY MEANT SOMETHING? Can students have an impact on world peace? At UWCSEA we believe they can and our Initiative for Peace (IfP) gives them a chance to do just that.

Through IfP, our students design and deliver a week-long conference for young people from opposing sides in an area of conflict. That’s how Geovania from Timor Leste first got to know UWCSEA. A week of peer-led activities helped her to explore the conflict in her country from different points of view, and work with other young people from across the divide on visioning a better future for their country.

UWCSEA Dover is registered by the CPE CPE Registration No. 197000825H Registration Period 18 July 2011–17 July 2017 UWCSEA East is registered by the CPE CPE Registration No. 200801795N Registration Period 10 March 2011–9 March 2017

IfP also inspired her to apply for a UWCSEA scholarship to complete the IB Diploma programme. After university, she plans to return to Timor Leste to help rebuild her country with her fellow citizens, whatever their background or history.

Now that’s a true sign of peace.

What if your child joins UWCSEA? Visit www.uwcsea.edu.sg to find out more.

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