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PM Wong to deliver National Day Rally speech on Aug 17, Singapore News

PM Wong to deliver National Day Rally speech on Aug 17, Singapore News

AsiaOne3 days ago
Prime Minister Lawrence Wong will deliver his National Day Rally speech from 6.45pm onwards on Sunday (Aug 17) at the Institute of Technical Education College Central in Ang Mo Kio.
Keeping with tradition, he will speak first in Malay, followed by Mandarin. His English speech will begin at 8pm, the Prime Minister's Office (PMO) said in a statement on Monday (Aug 11).
The rally will be broadcast on local TV channels and radio stations, and will also be live streamed on the YouTube channels of PM Wong and PMO. What to expect from PM Wong's second NDR
During his maiden National Day Rally last year, he spoke on housing enhancements for couples, singles and aged, announced additional shared parental leave, provided support for retrenched workers, spoke on the Kallang Alive Masterplan and said that the Gifted Education Programme will be revamped.
In his National Day message on Aug 8, PM Wong assured Singaporeans that despite the uncertain outlook for the global economy, Singapore will "overcome our new challenges".
He said that the Singapore Economic Resilience Taskforce will continue to assess risks and identify new opportunities and prepare businesses and workers for the future.
PM Wong added that Singapore will refresh its economic strategy to "stay ahead" and "remain exceptional".
He also spoke about the Singapore spirit — uniting Singaporeans to overcome challenges together.
At National Day rallies, prime ministers have spoken about longer term developments.
For example, former Prime Minister Lee Hsien Loong (now Senior Minister) shared some ideas for the future use of Paya Lebar Airbase after it relocates in the 2030s.
Last year, PM Wong spoke about a new 120km-long waterfront from Pasir Panjang Terminal to Tanah Merah — with new homes to be added.
Live updates on the rally will also be available on PM Wong's WhatsApp and Telegram channels.
[[nid:721124]]
editor@asiaone.com
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Made In Singapore: Charles & Keith's risks and rewards strategy of doing business in crisis
Made In Singapore: Charles & Keith's risks and rewards strategy of doing business in crisis

Straits Times

time2 hours ago

  • Straits Times

Made In Singapore: Charles & Keith's risks and rewards strategy of doing business in crisis

Sign up now: Get ST's newsletters delivered to your inbox Looking back on his decades-long journey in shoes, Charles & Keith co-founder Charles Wong believes the brand's success abroad has to do with good timing and a healthy risk appetite. SINGAPORE – Mr Neeraj Teckchandani remembers the first time he saw a Charles & Keith store. It was 2003 and the chief executive of Apparel Group, a Dubai-based fashion and retail conglomerate, had been visiting Singapore for market research. The group had just secured the rights to launch Canadian footwear brand Aldo in South-east Asia, with Singapore as its first market. 'When we were doing the market research, the one name which popped up everywhere in our research with the landlords and consumers was Charles & Keith,' says Mr Teckchandani, who decided to visit its Wisma Atria store. 'It was crazy. The traffic was mind-boggling. We saw a huge potential in this brand.' That would be the start of a beautiful partnership that has lasted till today, with Apparel Group now the brand's official UAE partner, responsible for opening more than 70 Charles & Keith stores in the Middle East. By now, most Singaporeans will know and cheer the fact that footwear label Charles & Keith (C&K) is a proudly home-grown brand. Beginning in 1990 as a discount shoe store in Ang Mo Kio, it is today Singapore's most successful fashion export, with more than 600 stores in over 30 countries. They never set out to conquer the world, confesses chief executive Charles Wong. Top stories Swipe. Select. Stay informed. Singapore Jalan Bukit Merah fire: PMD battery could have started fatal blaze, says SCDF Singapore 4 housebreaking suspects taken to Bukit Timah crime scene under police escort Singapore To Vers or not to Vers: How will this scheme affect HDB prices? 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He was also busy growing the business in China over the last decade. The eldest of three sons – who clinched the top accolade, Businessman of the Year, at the 2024 Singapore Business Awards – returned during the Covid-19 pandemic to spend time with his ageing parents. His younger brothers Keith Wong, 49, and Kelvin Wong, 46, remained in Singapore to grow the business while Mr Wong was in China. Co-founder and chief operating officer Keith Wong leads the group's creative vision – from product design to store architecture to the overall brand aesthetic – while Kelvin Wong, who joined the family business later, heads bag design and technology. Reflecting on his almost 35-year journey in shoes, Mr Charles Wong credits the brand's success in international markets to a mix of good timing, good luck and a healthy risk appetite. After C&K was established in 1996 as a shoe label independent from the Ang Mo Kio store, Mr Charles Wong and Mr Keith Wong opened their first boutique in Amara Shopping Centre. Cash-strapped, they renovated it on a budget just shy of $50,000, and bought from their suppliers on credit. The Asian financial crisis struck soon after, but instead of getting spooked, they strode forward. Their father's friend, who operated and was scaling down the Giordano chain of clothing stores, offered to let them take over the lease of his unit in Causeway Point mall. A young Charles Wong in 2008. His brother and co-founder Keith, who leads the group's creative vision, has always been more media-shy. PHOTO: LIANHE ZAOBAO FILE Rent was steep – $20,000 a month, Mr Charles Wong recalls. 'I thought for a week if I should take the risk. The uncle said, 'If you don't jump, you'll never jump.' So, I took the first jump at a high rental store.' Their forecasted annual revenue of $60,000 ended up closer to $100,000. 'It was a good motivation factor, that the first risk we took was right.' Risky business Risk would turn out to be an enticing constant in the brothers' lives. During the financial crisis, an Indonesian expatriate customer proposed franchising the brand to Indonesia once the market improved. Then in his 20s, Mr Wong was apprehensive in view of Indonesia's unstable economy, fresh from a string of bombings. The customer goaded him into agreeing by asking: 'You served national service, right? So, why are you scared? You're military trained.' The Jakarta store, their first one overseas, was a huge success – and has led to 43 stores in Indonesia today. 'You never know what you don't know, so you just have to keep an open mind,' says Mr Wong. Charles & Keith's first Indonesia store in Mall Taman Anggrek opened in1998. PHOTO: CHARLES & KEITH In the 2000s, while other brands were eyeing expansion into China, the brothers chose the Middle East. You could chalk it down to Mr Wong's unusual business strategy: growing during a crisis. After successfully penetrating the Indonesian market, he sought 'the next crisis' – and set his sights on the region which had been going through the Iraq War from 2003 to 2011. 'Shop locations are more affordable; hiring talent is easier as people are retrenched,' he says. 'I feel newcomers have an equal opportunity as established players.' After that first encounter at C&K's boutique in Wisma Atria, the brothers continued to impress at every turn, Mr Teckchandani says. They were an early adopter in digital commerce too, launching a website in 2004. Mr Teckchandani adds: 'E-commerce was hardly talked about then. There were no And we saw Charles & Keith embarking on that journey – that showed their vision, the forward-thinking, the strategic direction. That was very critical for us, how they were looking at building it as a global brand.' An early iteration of Charles & Keith's first website. PHOTO: CHARLES & KEITH At the time, the Middle East's retail landscape was just beginning to evolve from its street shopping and souk culture to organised malls. The newly announced Mall of the Emirates was being primed as a game changer in Dubai retail, and Mr Teckchandani was on the lookout for fresh voices. Competition bloomed in the fast-fashion space – from Zara's parent company Inditex to H&M Group – but not yet in footwear. C&K, he says, addressed the need in the local market for a South-east Asian brand that could cut through the noise of the West – with its trend-led designs, accessibility in pricing and commercial sensibility. When Mall of the Emirates and the store opened in 2005, consumers responded. 'It fit into that space of affordable luxury – with the feeling and ambience of a luxury store, but the prices were wow for the consumers,' recalls Mr Teckchandani. 'After that, we didn't have to pitch to the landlords. It was the landlords running after us. And then came Dubai Mall, and the rest was history.' It was also in Dubai that C&K first launched bags, to answer Middle Eastern women's needs for accessories to show off personal style while dressed in a traditional abaya. On Mr Teckchandani's suggestion, they expanded the handbag category, which now makes up close to half of C&K's business and is arguably what it has become known for among the younger generation. Charles & Keith's first operational Dubai store at Al Manal Centre. It opened its Mall of the Emirates store in 2005. PHOTO: CHARLES & KEITH 'Crisis is not necessarily a bad thing,' reiterates Mr Wong. 'It's also a good time to enter a market when the pace may be a bit slower. We have to take advantage during the downtime.' Such was his mindset when the 2008 global financial crisis struck. He considered moving to the United States then to expand into the market, but felt it was too far away. So, he settled for China, which proved another winning move. Today, the market accounts for more than 50 per cent of C&K's business. Luxury's stamp of approval A healthy dose of star power propelled C&K to global recognition in the 2010s, but what retail observers believe cemented its position was the stamp of approval from the luxury world. In 2011, French luxury conglomerate LVMH's private equity arm L Capital Asia invested in a 20 per cent stake in the company, raising eyebrows among the fashion set. The headline-making investment gave C&K 'fashion legitimacy on a global level', says Mr Kenneth Goh, editor-in-chief of fashion publication Harper's Bazaar Singapore. Harper's Bazaar Singapore editor-in-chief Kenneth Goh wears the largest women's size in Charles & Keith boots. ST PHOTO: JAMIE KOH A string of celebrity red-carpet sightings followed, starting with Game Of Thrones (2011 to 2019) actress Maisie Williams rocking a C&K bag to the 2016 Emmy Awards. It was not long before the brand was spotted on A-listers including actress Nicole Kidman and singer-actress Jennifer Lopez. Collaborations with emerging cult fashion designers such as Danish designer Cecilie Bahnsen and Shanghai-based label Shushu/Tong, before they became 'it' brands, gave C&K further street cred. 'They've got the foresight to find that cool designer of the moment. It immediately injects cool into the brand, and you can't buy cool,' says Mr Goh, who wears C&K's largest women's shoe size, EU41, on business trips and to attend fashion shows abroad. 'They live and breathe and are submerged in social media. They communicate it via the people they dress, and it builds a community.' British actress Maisie Williams with the Evening Wristlet from Charles & Keith at the 2016 Bafta Tea Party (left) and Cecilie Bahnsen x Charles & Keith Upcycled Patchwork Anemone Mary Janes launched in 2020. PHOTOS: CHARLES & KEITH In 2025, C&K hit another industry milestone: debuting on the Met Gala red carpet. Its shoes were spotted on Colombian pop star Shakira and American singer-actress Nicole Scherzinger – another coup for Singapore, says Mr Goh. Looking ahead For all its successes, C&K has not forgotten its roots. 'We're very fortunate to be in this country, where Singapore has a great brand name,' Mr Wong says, noting that the Singapore branding set a high standard for customers in the region when C&K first embarked on international expansion. Its next move is building a product that can cut across all markets simultaneously. 'We like the Apple model – of lesser designs for the whole world,' he quips. 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Your S'pore Story: ‘They may come curious about the president's ex-bodyguard, but I hope they will return for the porridge'
Your S'pore Story: ‘They may come curious about the president's ex-bodyguard, but I hope they will return for the porridge'

Straits Times

time7 hours ago

  • Straits Times

Your S'pore Story: ‘They may come curious about the president's ex-bodyguard, but I hope they will return for the porridge'

This F&B entrepreneur left behind a career in protection to continue her parents' hawker legacy. But she is also modernising it with youth and heart Hawker Lim Hwee Yi serving up porridge at One Punggol Hawker Centre – the first stall she built from the ground up after leaving her job as a personal security officer. By the age of 27, most people are just getting into the rhythm of their careers. But many Singaporeans would not even think of running a hawker stall with the trade known for its long hours and back-breaking work. But that is exactly what Ms Lim Hwee Yi has chosen to do – and takes pride in. Watch her video here. Just last year, she swapped her earpiece and gun – from her days as a personal security officer – for aprons and bubbling pots of porridge. Ms Lim had protected former President Halimah Yacob, current President Tharman Shanmugaratnam and their spouses during her stint with the Police Security Command. Today, the second-generation hawker is not only continuing her parents' legacy with Botak Cantonese Porridge , but also giving the business a fresh spin: bringing in younger hires through social media, introducing new business ideas and building a workplace culture that feels more like friends working toward a common goal. Top stories Swipe. Select. Stay informed. Asia India, Singapore ministers discuss deeper tie-ups in digitalisation, skills, industrial parks Business More seniors remain employed after retirement and re-employment ages raised in 2022: MOM study Singapore askST: Will assets seized in $3b money laundering case be sold at public auctions? Business StarHub first-half profit falls 41.7% to $47.9m; telco eyes 'more aggressive stance' amid competition Business CapitaLand Investment first-half profit falls 13.3%, appoints new CEO of private funds Singapore 2 dead after fire in Jalan Bukit Merah flat, about 60 evacuated Sport PSG beat Tottenham on penalties to win Uefa Super Cup Singapore TB screenings at two pre-schools after staff member diagnosed in July She shares more about her journey as a young hawker and what keeps the fire going. Ms Lim hopes that her staff will eventually become business partners and open new porridge stalls with her. PHOTO: SPH MEDIA 'The first reaction customers have when they find out I used to be a bodyguard is always the same: 'Eh, how come you so small-sized?'. I was a bodyguard for five years protecting two of Singapore's presidents. It can be intimidating, obviously, but they were also very nice to work with. When I graduated from polytechnic at 21, I wanted to join my parents' business right away. But they wanted me to experience life first, so I signed up with the police force. Last year, in my first week of taking over my parents' two hawker stalls, I messed up big time. I was complacent and used the wrong proportions of water and rice. The congee was so watery we couldn't even sell it. That was my wake-up call. People think porridge is just rice and water – so easy, right? But actually, it's not. Every single detail is important. We sell Cantonese-style porridge – the kind which you can't see the rice grains. It is made with three types of rice and everything we use is high quality, from the fish to the sesame oil and even the soy sauce. My dad used to be a chef and he learnt this recipe from a Cantonese chef. We really take pride in what we do. Right now, I manage our third and newest stall at One Punggol Hawker Centre. It's the first outlet I built up from scratch and I run it with a younger team – most of them are between 22 and 27, around my age. I managed to hire a few of them through a TikTok video I posted. They started as part-timers and later came on board full-time. We are trying to break away from the traditional way of hiring hawkers. In the past, hawkers usually just received a fixed monthly salary with no career progression. Here, I give them clear milestones. Every time they hit one, they get a salary increment – the long-term goal is for them to become business partners and open new stalls with us. More on this topic 'Our love story started with bubble tea' There is also no hierarchy here. We see each other more as colleagues and solve problems together. If something goes wrong, we don't waste time blaming one another – we just focus on finding the solution. This is the culture we want to cultivate. They seem happy coming to work because it is like working with friends! We currently have about 12 to 15 full-timers across our three stalls. But we believe that a business is only sustainable if your team isn't overworked and you have enough manpower. This is how we attract younger staff. I am giving myself five years before deciding my future. But I really hope people will give us a chance. They may come curious about the president's ex-bodyguard, but I hope they will return for the porridge.'

Forum: Review off-peak car rebate amid high COE premiums
Forum: Review off-peak car rebate amid high COE premiums

Straits Times

time11 hours ago

  • Straits Times

Forum: Review off-peak car rebate amid high COE premiums

Sign up now: Get ST's newsletters delivered to your inbox Off-Peak Cars (OPCs) were introduced to allow lower-usage ownership, with a S$17,000 rebate. But this rebate has not kept pace with soaring COE prices, making the scheme far less attractive. For families with young children, elderly parents, or members with disabilities, a private car is often a necessity for school runs, medical visits, and caregiving. It is time to review whether the OPC rebates should be adjusted to today's market so that Singaporeans who need to own a car will not be left behind. Policies must keep essential car ownership accessible to citizens. Tan Hock Hoe

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