华商 Chinese Entrepreneur Issue 8 2020

ISSUE 8

CHINESE ENTREPRENEUR

03 专访李坚辉 Interview with Mark Lee

CHI N E S E ENTREPR E N E U R

14 冠病疫情下企业人力资源管理如何着手？ Handling Human Resource Management amid COVID-19

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SME FINANCE FORUM

Global SME Finance Awards 2019

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CM

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World’s Best Bank for SMEs 2019

Global SME Bank of the Year 2018 & 2019

World’s Best Bank for SMEs 2018

“DBS treats the smallest businesses as if they were corporate giants, knowing they very well may become just that in the future.”

“DBS is clearly a leading bank by international standards. The bank is an SME powerhouse and ranks without doubt among the leading SME banks in the world.”

“As with everything else at DBS, a world leader in digital innovation, automation is at the heart of the SME offering.”

More

CMY

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DBS: The world’s first bank to hold all three global SME honours at the same time.

In addition to the concurrent global best bank wins, DBS has now been recognised as the ‘World’s Best Bank for SMEs’ by Global Finance and Euromoney, as well as ‘Global SME Bank of the Year’ by SME Finance Forum.

To all our partners past, present, and future, thank you for inspiring us and believing in our vision to create a better global business community.

Oct 2019

It is with your support that DBS has achieved yet another world first.

World’s Best Bank 2019

Best Bank in the World 2018

Bank of the Year 2018

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中华脉搏 | C h i n a B e a t

ASEAN-China Cooperation in the Digital Economy Over the last few years, there has been a fundamental change in global economy and global geopolitics. The rise of the anti-globalisation sentiment, the China-US trade war, the global coronavirus pandemic, the breakage of global supply chains, America-led geopolitical containment on China, all of these pose enormous challenges and uncertainties for our world.

GU QINGYANG Associate Professor Lee Kuan Yew School of Public Policy

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C h i n a B e a t | 中华脉搏

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中华脉搏 | C h i n a B e a t

W

e will find ourselves in a very different world after the coronavirus. COVID-19 itself will not fundamentally reverse the fortunes of the global economy but post-COVID geopolitics will. This change in global economy and global geopolitics will have a significant influence on China’s and even the ASEAN’s economy.

The layout of global supply chains will also likely see a major change in the future. We have seen now that US, Japan are all planning to lure their companies out of China. However, China’s role in the global supply chain is too big to be replaced. The decoupling process is unlikely to happen in near term given the depth of integration. China will continue to play a central role in global industrial and supply chains.

The circulation of global resources is supposed to be most favourable for resource efficiency, the East Asian economies have been going by a strategy of total integration into the international market in the past, but this approach is now facing a big challenge. the globalisation is being severely disrupted today by geopolitics. the circulation across the globe is inevitably threatened by such uncertainties. The strengthening of international regional cooperation is, therefore, a matter of particular importance.

China has been working hard in opening up new avenues in recent years for its international economic cooperation. The Belt and Road Initiative and ASEAN’s 10+1 are the platforms for promoting its international regional cooperation. We can expect that regional economic cooperation will play a more important role for future’s international cooperation. Chinese companies will move more production and trade to ASEAN.

Is Asia decoupling from the United States?

During his meeting with Chinese counterpart Wang Yi (left) on 13 Oct 2020, Singapore Foreign Minister Vivian Balakrishnan (right) affirmed the strong bilateral cooperation between the two countries throughout the COVID-19 pandemic.

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We already saw some good news to show that ASEAN seems to be a big winner from the latest US protectionism. ASEAN has surpassed the US as China’s second largest trading partner in 2019, and was its largest trading partner in the first nine months of 2020. It could replace the EU to become China’s largest trading partner this year.

David P. Goldman has observed in his recent article published in Asia Times that a shift in supply chains of Asian economies away from the United States recently. He further indicated that “While America contemplates decoupling

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C h i n a B e a t | 中华脉搏

from China, it seems that Asia is decoupling from the United States”. This trend of strengthening regional integration will present new opportunities for ASEAN-China cooperation in production chain and supply chain.

In terms of areas for cooperation between ASEAN and China, digital economy should be our focus as it is the key component of new economy and will be the new major growth engine for the future. Therefore, ASEAN and China must work together to support digital integration for long-term growth, job creation and investment in this region.

COVID-19 has given a strong push to the digital economy. Digital technologies have enhanced the risk-response capacity of a nation.

The ASEAN-China Cooperation Fund (ACCF) Management Team was launched in 2019 to effectively utilise, manage and execute ACCF-funded projects.

With a younger, digitally fluent population, ASEAN is the perfect destination for the development of digital economy. China-ASEAN cooperation in digital economy is of great importance with huge potential.

Among many projects for the cooperation, smart city should be our priority. In our time, urban centres have always been the heart of economic growth and technological revolution.

Smart cities have an effective transformative effect on every aspect of our daily lives in cities and make our cities more sustainable.

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中华脉搏 | C h i n a B e a t

Smart cities: The future of ASEAN-China cooperation In the past few months, living in urban areas have been among the worst hit amid the outbreak of COVID-19. It shows that urban area is particularly vulnerable to the outbreak. So, it reminds us to rethink a better urban solution for city. smart city may be the right answer as smart city is especially capable of managing natural disasters.

The COVID-19 crisis provides us a good opportunity to reshape our cities. The urgency of the battle against COVID-19 has made the final shift in the use of high-tech in cities. Now it is a right time to accelerate the construction of smart city in ASEAN and China.

Actually, many cities in ASEAN are using smart city solutions to fight again the virus.

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One of the good examples is happening in Singapore. As we have known, Singapore has made substantial progress in the development of smart nation for many years. Singapore this time has gone further than most cities in utilizing smart city technologies to fight the COVID-19. Meanwhile in Singapore, almost overnight, digitalisation becomes reality everywhere, cashless transactions, working from home, large-scale home-based learning pilot, digital modes of sales for SMEs, telemedicine and actually tele-everything.

In another side, the COVID-19 crisis has also largely accelerated China’s smart city development. Many technologies have been adopted to fight the virus, including AI, surveillance cameras, facial recognition, big data, and QR codes. China even goes beyond

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C h i n a B e a t | 中华脉搏

short term rescues measures. China always to put the smart city construction as a long term priority of national development. Just a few weeks ago, Beijing announced a huge plan to build the smart city ecosystem as one of the stimulus measures, it is called the “new infrastructure investments”, i.e. 5G base stations, big data centres, AI, the Internet of Things (IoT), etc. so, It is designed in China to incorporate smart city construction as an important part of the whole post-COVID-19 recovery plan.

Cooperation in smart city is of great interest to both China and ASEAN countries, which have repeatedly proposed at China-ASEAN leaders’ meetings. China has the largest number of smart cities in the world. Singapore and other cities in ASEAN have also accumulated rich experiences in smart city development. These factors will certainly make a meaningful contribution to the construction of smart city in ASEAN.

The vital role of good governance For the cooperation itself, there will be many difficulties need to be overcome. But the role of governments should be put on the top priority.

The cooperation demands for good intergovernment coordination. Only by working together can countries meet the huge challenges and establish win-win partnerships.

The cooperation also rests on the establishment of a good governance system. In another word, good governance must come before smart cities. the governance system should include the role of government in the following three aspects.

First, setting the strategic direction. Smart cities are needed to be led by smart leaders.

The primary role of government starts with

a leadership and a vision, following by developing a consensus with multiple stakeholders. Smart city construction requires creating an ecosystem to establish the right environment, culture and mindset.

Second, making the smart city more inclusive. The digital divide is a particular concern in many countries. So, governments should find effective solutions to help overcome the digital divide and make the fruits of new economy to be shared by all. Smart city for inclusive development is more important than just smart city construction. Government leaders have a duty to find out whether a smart city solution is necessary to address a real demand from the local people. Therefore, facilitating dialogue and coordination are very much necessary for ensuring participation of all stakeholders. Without a focus on the community’s needs, the best technology systems are meaningless.

Last, developing regulations, especially the data management system. Data collection sit at the heart of smart city. In some countries, privacy laws and rights make it more difficult to collect and use the data. Inevitably, there is a trade-off between the privacy rights of individuals and the rapid development of new technologies in the smart cities. In the past, it is very hard to make a balance. This time, the urgency of the response to COVID-19 could well be a game changer for how people see personal data, and where the balance sits between personal privacy and public interests. What governments can do is to take a leading role in ensuring that the data management system can be trusted with sound regulation.

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商团动态

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商海记忆 | R e c o l l e c t i o n s

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R e c o l l e c t i o n s | 商海记忆

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商海记忆 | R e c o l l e c t i o n s

到90年代，金安工程开始往业务多元 化的方向发展，逐渐形成精密工业、 石油与天然气、电子工业、宇航与军 事四大支柱。

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R e c o l l e c t i o n s | 商海记忆

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商海记忆 | R e c o l l e c t i o n s

以今年为例，由于石油价格暴跌，石油与天然 到90年代，金安工程开始往业务多元化的方向发

气业务深受其害，宇航业也因为冠病疫情陷入困

展，逐渐形成精密工业、石油与天然气、电子工

境，但公司在精密和电子领域的业务则表现良好。

业、宇航与军事四大支柱。刘泰山说： “我们是从

在走向多元化的同时，金安也开始放眼

精密工业起家，但光靠单一产业太冒险了，如果

国际市场，从1992年起，陆续在马来西亚、

该产业受市场波动影响，公司也会深受打击。发

泰国、印尼和菲律宾设立服务中心，以服务海

展不同业务可以分担风险。”

外 客 户 。“ 当 时 ， 由 于 财 力 有 限 ， 我 们 通 常 是 跟 当地公司合资，起初我们所占股份较少，但随 着生意扩大，需要增加投资，我们从小股东变 大 股 东 。” 目 前 ， 外 销 已 成 为 公 司 的 主 要 营 收 来 源，占40%。由于符合国税局“主要出口商” Major Exporter）的资格，豁免提前交付进口消费税。 秉持“重质不重量”的原则，金安工程早在 80年代就设立的自己的品质控制程序，在1992 年是新加坡第一家获得ISO的质量管理体系认证 的钢铁公司。其他涉及安全管理和环境保护的认 证，公司也一应俱全。利用电脑程序管理库存也 早在90年代便开始，这些年来不断更新和进步。 刘泰山认为，不断转型和重视创新是公司多年来能

1990年，时任贸工部、兼新闻及艺术部政务部长的马宝山（左三） 访问金安工程。

够保持核心竞争力的关键。

1984 -1986年期间，金安工程将公司从加冷搬到裕廊工业区。

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R e c o l l e c t i o n s | 商海记忆

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薪 火 相 传 | P a s s i n g t h e To r c h

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M o m e n t s | 商会时讯

9/2 2020

在商团中心举行的对话会上，总统对总商会在疫情期间给 予商家的支援表示赞赏。对话会重点讨论后冠病时代如何 推进企业数码化转型以及加强政商合作。

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商会时讯 | M o m e n t s

PRESIDENT HALIMAH YACOB’S DIALOGUE SESSION WITH COUNCIL MEMBERS OF SCCCI At a dialogue session held at the Trade Association Hub, the President commended SCCCI for rendering help to the business community during the COVID-19 outbreak.

The dialogue session focused on issues such as helping businesses transform through digitalisation and strengthen business-government partnerships in the post-COVID era.

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M o m e n t s | 商会时讯

10/14 2020

为欢庆中秋，总商会举办 灯笼彩绘比赛，邀请学生 以“种族和谐”为主题， 绘制灯笼。活动获得35所 学校支持，1万2500名学生 报名参赛。

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商会时讯 | M o m e n t s

MID-AUTUMN LANTERN PAINTING CONTEST In celebration of Mid-Autumn Festival, SCCCI organised the Lantern Painting Contest themed “Racial Harmony”. The contest received tremendous response, with a total of 12,500 students from 35 schools taking part.

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华商 | C H I N E S E E N T R E P R E N E U R

16/11/2020 11:48

M o m e n t s | 商会时讯

华商 | C H I N E S E E N T R E P R E N E U R

SCCCI 2020iss8 Moments v2.indd 55

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华商 | C H I N E S E E N T R E P R E N E U R

11/11/2020 17:03

JN20-0274 BMW 5 Series Extension_SCCCI_1Dec2020_200Wx260Hmm CS5 OL.pdf

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