Singapore fund Temasek aims to lift ‘aspiring unicorns’

Singaporean state-backed fund Temasek Holdings is looking to boost its investment in “aspiring unicorns,” grabbing stakes in promising digital companies to secure high returns once they debut on the stock market.

“I would expect even in the next six to 12 months, we’ll be doing a few more” investments in such companies in Southeast Asia, Rohit Sipahimalani, who leads Temasek’s startup focus as a joint head of the investment group, told Nikkei recently in an exclusive interview.

“It’s not going to make a material difference in the portfolio in the next one year or two years,” he said. “But in the next five years, I expect to see this being a meaningfully larger number just because we see a lot of opportunities out here.”

A strategy that defies the current trend toward greater scrutiny of startups and their profitability, Temasek last month acquired a stake in Indonesian online beauty product retailer Social Bella, which is rapidly raising its profile in a country with a large youth population and a blossoming e-commerce sector. The company is expected to become a unicorn — an unlisted startup with a valuation over $1 billion.

Social Bella joins Singaporean fashion e-commerce platform Zilingo and martial arts event organizer One Championship as companies that Temasek calls “aspiring unicorns” and has invested in over the past year.

Temasek is “actively in dialogue with a few others in which we would probably invest in the next few months,” Sipahimalani said.

The state fund’s focus on startups goes beyond Southeast Asia. During the year ended in March, Temasek invested in American food delivery service DoorDash, Indian ride-hailing service Ola and the China business of co-working space provider WeWork.

Unlisted shares accounted for 48% of the 24 billion Singapore dollars ($17.4 billion) in new investment made during the year.

The increasing investment in startups reflects Temasek’s belief that the digital economy will continue to grow through areas such as e-commerce, ride-hailing and online travel bookings. The fund forecasts Southeast Asia’s digital market to reach $300 billion by 2025, tripling from 2019.

Temasek plans to stay aggressive despite the prolonged Sino-American trade tensions, expecting that earnings for U.S. and Chinese internet companies will remain solid.

The fund’s asset portfolio reflects the shift in policy. Financial services, telecommunications, media and technology, and transportation and industrial sectors accounted for 61% of Temasek’s exposure in terms of asset value during the year through March 2019, shrinking from almost 80% a decade earlier.

In contrast, investment in life sciences and agribusiness rose to 7% after totaling just 1% a decade ago.

China now ties with Singapore as Temasek’s top investment destination. Unlisted assets accounted for 42% of the fund’s total as of March 31, rising from 28% over the past 10 years.

Temasek possesses dense information networks in the U.S., China, India and elsewhere that enable it to discover promising companies before others do and revise its portfolio quickly. The net portfolio value more than doubled over the past decade to SG$313 billion from SG$130 billion. The average 10-year return on investment stands at 9%.

Temasek also enjoys freedom from investor pressure, unlike private-sector funds. This lets the fund keep stakes in themes and companies it believes will produce sustainable growth.

Sipahimalani said startups particularly benefit from Temasek because the fund can invest at different stages of growth.

“If we come in at an earlier stage, we can keep supporting them in subsequent rounds,” he said. “If they are performing and we have a good partnership, we can keep funding them.”

When U.S. plant-based alternative meat developer Impossible Foods raised $300 million in May, Temasek led the funding round like it did in July 2017.

For an investment fund with a massive portfolio, the money devoted to one startup usually exceeds $50 million. Temasek’s venture capital arm handles investment in smaller firms that do not meet its asset management criteria. Vertex Holdings looks to complete financing of $1.3 billion for a new fund by year-end and invest in companies in the U.S., China, India and Israel.

The Vertex unit was the first backer of Grab, providing money in 2014 to the Singapore-based ride-hailing company that debuted in 2012.

CEO Chua Kee Lock told the Nikkei Asian Review that Vertex has local teams with good networks to capture opportunities. Each local team has an investment committee and decides what to do in the market because they know best what is happening there, he said.

Temasek shifted focus toward startups because established domestic companies no longer bring high returns.

“Startups are indeed riskier than most publicly traded established firms, but the rewards for investing in the right ones are also exponentially higher,” said Jeffrey Halley, senior market analyst at OANDA in Singapore. Vertex’s funds achieve 20% returns, much higher than Temasek’s.

Temasek is a contributor to Singapore’s coffers, along with fellow state fund GIC and the foreign reserves.

The total contribution from these funds is projected to reach SG$17.1 billion in fiscal 2019. That figure would surpass corporate tax revenue of SG$16.7 billion and goods and services tax revenue of SG$11.6 billion as the largest income source for the city-state. As social security spending rises with an aging population, the investment in startups aims to support government income in the future.

But putting money into startups comes with risks, especially when the valuations of unicorns are under scrutiny. The We Company, parent of U.S. co-working space provider WeWork, was valued at $47 billion at the start of this year, but that figure now is thought to sit at $20 billion.

Sipahimalani acknowledged the recent investor focus on profitability and corporate governance.

“What we’ve seen recently is that the public markets are not that receptive to companies who do not have a clear path to profitability or positive cash flow,” he said.

Temasek itself invested in WeWork’s China unit, joining Japan’s SoftBank Group and other backers in a $500 million fundraising last year. Co-working spaces are viable business models, Sipahimalani said, but the key issue is the base of growth.

“What people are saying is we don’t want models where you are just focusing on growth and there is no visibility as to when you are going to come to break-even,” he said. “So I think that’s the balance.”

But more investment in startups means more susceptibility to market fluctuations. The uncertain global economic outlook also matters.

“If the world falls into a structural recession, life will get just as hard for startups as well,” Halley said.

Source: Nikkei Asian Review

TAKASHI NAKANO, Nikkei staff writer OCTOBER 08, 2019 and Nikkei staff writer Kentaro Iwamoto contributed to this report.

https://asia.nikkei.com/

Review: Hospitality at the Singapore Grand Prix 2019

Singapore Grand Prix Hospitality

Article written by James Barry

There is a sense of inquisitiveness as you look down the home straight at the Singapore Grand Prix. For a moment the noise of engines has gone silent, there is no activity from pneumatic wheel changing crews, just the view of the crowds on both sides of the track darting in and out of the various buildings that adorn the start line of the racetrack.

As you look closer you realise that the grand prix isn’t just about the racing. These odd shaped crafted units are uniting people during a weekend of frenetic racing on the track and offering them an experience that will leave them with memories for a lifetime.

These unique hospitality suites are what keep the thousands of fans entertained, watered and fed through three days of high excitement. There are six specially designed hospitality facilities at the Singapore Grand Prix. Each one offering a different experience allowing you the chance to combine the food and beverage options available as well as serving up first class social and networking opportunities for you and your guests.

Our combination over the weekend saw us enjoying both ends of the grid and giving us amazing views of qualifying on Saturday and the race on Sunday.

We started our experience on Saturday in the Sky Suites at Turns 1 and 2. We were met by a team of attentive and very helpful servers who explained the menu to our party and serving times so that we could plan our day around the racing and entertainment. The suite was spacious, comfortable and temperature controlled, and we were well looked after with a constant stream of service to ensure that we remained refreshed throughout the day.

With a choice of sitting on the balcony in front of our table or wandering around the rooftop Sky Terrace, there is a real buzz of excitement wherever you choose in the hospitality suite to watch the races from.

We were tantalized with a wonderful array of food, with Cod Croquettes and Turkish Kebabs to start the afternoon off, followed by dinner at 6.30pm which included Monkfish, Seared King Scallops and Rack of Lamb, Baked Jumbo Prawns and Chicken Tikka and finishing off with a Banoffee Pie.

To complement our wonderful menu, we were spoilt with free flow Taittinger Brut Reserve Champagne and a fine selection of wines from New Zealand (Mount Riley Sauvignon Blanc, Misha’s Vineyard Pinot Noir), Italy (Marchesi Mazzei IGT Toscana “Philip” Cabernet Sauvignon, Elena Walch Chardonnay Doc Cardellino ) and France (Laurent Ponsot Bourgogne Blanc Cuvee de Perce-Neige). There were numerous beers, spirits and soft drinks available for those who wanted something different.

Taking to the evening sunset on the Sky Terrace, we were able to take in the stunning sights of the Marina Bay Street Circuit as well as overlooking the Wharf Stage where we indulged in cocktails and signature dishes whilst listening to the bands on stage under the stars.

On our return to the track on Sunday we were taken to the highly fashionable hospitality facility Twenty3. Situated at turn 23, the final corner of the circuit. Twenty3 doesn’t just give you a perfect view of the race, but it also allows you to watch the pre-race starting grid as well as the post-race podium celebrations.

We were welcomed by a team of extremely friendly and knowledgeable staff who despite our eagerness to explore, were patient enough with us to explain all the facilities and the locations of all the F&B outlets within the hospitality suite.

What an amazing place this is. You are free to sit anywhere and explore the many different options available for food and drink. Champagne was served on arrival as we wandered around to find our base for the day. There are six bars for us to visit along with Michelin star restaurants to tease us with mouth-watering cuisine.

With drinks ordered our first call, was the Bay Terrace for some early afternoon snacks. With so much choice available it was difficult to decide what to pick first. Eventually we settled on Burger and Lobster. Mouth-watering Lobster Roll and succulent burgers, all served in a luxurious al-fresco setting. Other food choices consisted of Mee Siam, Laksa and Grilled Seafood and the wonderful BBQ Chicken Wings were a constant favourite throughout the day.

In between the racing, we were entertained at the Terrace Stage, where DJs, fire dancers and Taiko drummers kept the day busy for us while we sipped on a range of drinks to keep the party going.

Every so often we would retreat back into the cool atmosphere of the Apex Lounge, where the big screen kept us informed of all the activities on the track and the build up to the big race.

With the race drawing near, it was time for dinner, and we had three feature restaurants to choose from.

Podium Izakaya offered fresh off the grill Kohitsuji Rib Yakinku, just one of the many Japanese influenced dishes complimented a selection of Japanese sake and cocktails.

At Largo Do Paço, Chef Tiago Bonito served up classic Portuguese recipes that were brought to life by a number of ingredients not traditionally associated with Portuguese cuisine. Meanwhile, next door at San Domenico, the two-Michelin starred chef Massimiliano Mascia, offered tempting Italian fare which included Veal Cheek with Soft Polenta.

Spoilt for choice, we decided to sample the delights at Takagi, which under the influence of Chef Takagi is a two-Michelin starred restaurant that served up signature dishes such as Lobster with Miso Sauce, Roasted Duck with Foie Gras Kinome Miso and Crab Meat with Caviar. The meal was so good it was transcendental. We lost ourselves in it, and for a moment, we forgot that we were at a grand prix dining on top quality food.

For those with a sweet tooth, Sidetracked and Sugar Rush were not to be missed. There was a yummy variety of desserts from Prague’s Good Food and Coffee Bakery, award winning pâtissier Philip Khoury and pastry chefs Eddie Stewart and Min Chai. The choices for our sweet indulgence were endless.

The start of the race saw us heading to the Sky Loft. This open-air environment gave us amazing views of the city skyline across the bay and really increased the excitement for the start of the race. With views overlooking the grid a constant supply of cocktails and beverages were available to keep us happy throughout the race.

Two hours of an enjoyable race culminated in a thrilling display of fireworks, which we had an unobstructed view of from the Sky Loft. After all the excitement we returned to the Apex Lounge, where the kinetic light feature entrances you and setting the mood for an evening of partying with resident DJs.

The Singapore Grand Prix really does live up to its reputation as a marquee event on the Formula 1 calendar. The world class hospitality that you can enjoy here is an unforgettable experience that you will want to go through over and over again.

Grant to develop Singapore’s first virtual power plant awarded to NTU

SINGAPORE: A grant to develop Singapore’s first virtual power plant (VPP) has been awarded to Nanyang Technological University (NTU), said the Energy Market Authority (EMA) and Sembcorp on Tuesday (Oct 8).

A VPP is a digital platform that coordinates energy resources – such as solar installations and energy storage systems – across different locations in Singapore like a single power station.

“VPPs can bring about many advantages such as flexibility, scalability and improved power grid resilience,” said EMA and Sembcorp in the joint media release.

For example, the plant will optimise the power output of distributed energy resources across Singapore by using real-time data.

It can also automatically balance energy fluctuations from solar intermittency at different locations.

EMA and Sembcorp added that the plant would be equipped with demand forecasting and optimisation algorithms that take into account Singapore’s power grid and market conditions.

With a distributed architecture, the plant reduces the risks associated with single points of failures.

“This enables any fault on a distributed generation system to be quickly isolated, limiting loss of power to end users,” said the release.

It would also contribute to Singapore’s efforts in meeting climate change commitments, by allowing for cleaner and more distributed energy resources to be integrated into the energy mix.

EMA’s chief executive Mr Ngiam Shih Chun said that with the changing energy landscape, solutions are needed to “support our economic growth while safeguarding our environment”.

Source: Channel News Asia – Read more at https://www.channelnewsasia.com/news/business/singapore-first-virtual-power-plant-developed-sembcorp-ntu-ema-11980140

Singapore narrowly dodging recession

SINGAPORE (REUTERS) – Singapore’s economy likely escaped a technical recession in the third quarter even as growth stayed subdued, weighed down by the prolonged trade dispute between the United States and China, a Reuters poll showed.

Gross domestic product (GDP) is expected to have increased 1.5 per cent on a quarter-on-quarter, seasonally adjusted and annualised basis in July-September, according to the median forecast of 11 economists in the poll.

That would mark a recovery from a 3.3 per cent drop in the second quarter, the biggest contraction in nearly seven years, but analysts say the outlook remains weak as global demand shows further signs of faltering.

“Third-quarter GDP is expected to stay weak and narrowly dodge a technical recession,” said Lee Ju Ye, an economist with Maybank Kim Eng.

“Manufacturing will likely remain in recession, while services will be supported by the financial sector, tourism-related services and business services,” she said.

The standard technical definition of a recession is two consecutive quarters of economic contraction.

Third-quarter GDP is expected to have expanded 0.3 per cent from the same period a year earlier, the poll found. The economy grew 0.1 per cent in April-June – the slowest annual growth since 2009’s second quarter, when it fell 1.2 per cent.

Like many other export-reliant Asian economies, Singapore has been hit hard by cooling global demand and the escalating US-China trade war, which has disrupted world supply chains in a blow to business investment and corporate profits.

The city-state’s manufacturing sector has suffered particularly, buffeted by the trade tensions and a cyclical downturn in the electronics sector.

All 11 economists polled by Reuters last week are expecting the Monetary Authority of Singapore to ease monetary policy at its semiannual review on Oct 14, the same day third-quarter GDP is announced.

The Singapore government is also expected to roll out a generous budget ahead of an election next year as the ruling party seeks to appease voters who are feeling the pinch from the economic downturn.

Source: The Straits Times

Highlight of the Singapore Grand Prix – 22 September 2019

F1NightRace

PRESS RELEASE

Victorious Vettel slays his critics

After a season with more down than ups, and more than twelve months since he last stood on the top step of an F1 podium, Sebastian Vettel won the Singapore Grand Prix ahead of teammate Charles Leclerc, who had started the race on pole. Ferrari gambled on an early pitstop for Vettel, and when both drivers had returned to the track on fresh rubber it was theGerman who remained ahead, triggering radio complaints from Leclerc.

“To be completely honest with you, I don’t understand the undercut. We will discuss it after the race. My head is down and it will be down until the race–I just want to let you know my feelings,”said Leclerc on the Ferrari team radio.

Vettel was able to hold on to his lead through several Safety Car restarts, with Leclerc around 0.9s behind for most of the closing stages. After 61 laps, the four-time champion took the chequered flag with a 2.6s margin over his teammate, with Red Bull’s Max Verstappen completing the podium.

Singapore Safety Car record remains unbroken

Despite little action towards the head of the pack, the Singapore Grand Prix was an action-packed affair with three Safety Cars and all manner of near misses. The Marina Bay StreetCircuit has seen at least one Safety Car at every running of the grand prix, and while the firstSafety Car of the 2019 race did not come out till the half-way point, between laps 36 and 50 it  made three appearances. George Russell was hit by Romain Grosjean, and required recovery, and three laps after racing resumed Sergio Perez parked his Racing Point in the approach to Turn 14, bringing it out for a second time. On lap 50, Kimi Raikkonen retired following a collision with Daniil Kvyat, bringing out the third and final Safety Car.

Midfield battles beset with drama

The ‘best of the  rest’ championship saw several pendulum swings in Singapore on Sunday night, with extreme highs and lows from the midfield teams. Antonio Giovinazzi briefly led the race during the pit stop window, the first time an Alfa Romeo has led a grand prix since 1983.Racing Point saw accident damage for Lance Stroll and a retirement for Sergio Perez, leading to the second Safety Car of the race. The Renault-McLaren battle saw winners and losers on both sides, with Daniel Ricciardo dropping back after contact with Giovinazzi on lap 34.McLaren suffered on lap one, with Carlos Sainz suffering an early puncture, leaving it to Lando Norris to pick up points for the team.

Off-track Entertainment

Off the track, the event’s stellar entertainment line-up over the race weekend includedSwedish House Mafia, Muse, Gwen Stefani, Fatboy Slim, Hans Zimmer, as well as Toots and the Maytals, with Red Hot Chili Peppers closing the action-packed weekend to a 65,000-strong crowd at the Padang Stage after the chequered flag was waved.Overall, the Formula 1 Singapore Airlines Singapore Grand Prix 2019 recorded an  attendance of 268,000, its second highest ever attendance since the inaugural night race.

ABOUT THE FORMULA 1 SINGAPORE GRAND PRIX

Singapore has successfully hosted a decade of night racing and Asia’s only street race on theFormula 1®calendar in the Republic since 2008. The Formula 1 Singapore Grand Prix will continue to enthral crowds with its unique combination of night race action and world-classent ertainment till 2021. See the world’s finest drivers go wheel-to-wheel under lights at speeds of up to 320km/h, threading the barriers around Singapore’s picturesque Marina Bay featuringa spectacular backdrop of iconic heritage buildings, modern architecture and a stunning skyline.

For media queries, please write to press@singaporegp.sg.

For media kit and hi-res images, please visit bit.ly/SGPmedia.

For the latest on #SingaporeGP, find us @F1nightrace on Facebook,  Instagram and Twitter.

Twelfth Formula 1 Singapore Grand Prix attracts highest attendance since the inaugural night race

F1NightRace

PRESS RELEASE

22 September2019, Singapore – The Formula 1 Singapore Airlines Singapore Grand Prix 2019has set a new record for the second highest attendance in its 12-year history, overtaking the previous one set last year.

With more than 130 hours of entertainment across 10 stages, innovative hospitality offerings, and exciting gastronomic experiences throughout the Circuit Park, the twelfth edition of theFormula 1 night race drew 268,000 spectators to the Marina Bay Street Circuit over the three-day action-packed weekend.

An exciting showdown is in store for spectators at 2010hrs tonight, with Ferrari’s Charles Leclerc taking pole position in Singapore for the first time–his fifth of the season and third in a row–ahead of the 61-lap Formula 1 Singapore Airlines Singapore Grand Prix 2019.Four timeSingapore Grand Prix winners, Mercedes’ Lewis Hamilton and Ferrari’s Sebastian Vettel roundoff the top 3 taking second and third place on the grid respectively.

Off the track, the event’s stellar entertainment line-up over the race weekend included SwedishHouse Mafia, Muse, Gwen Stefani, Fatboy Slim, Hans Zimmer, as well as Toots and the Maytals, with Red Hot Chili Peppers slated to close the action-packed weekend at the PadangStage after the chequered flag is waved

ABOUT THE FORMULA 1 SINGAPORE GRAND PRIX

Singapore has successfully hosted a decade of night racing and Asia’s only street race on theFormula 1®calendar in the Republic since 2008. The Formula 1 Singapore Grand Prix will continue to enthral crowds with  its unique combination of night race action and world-class entertainment till 2021. See the world’s finest drivers go wheel-to-wheel under lights at speeds of up to 320km/h, threading the barriers around Singapore’s picturesque Marina Bay featuring a spectacular backdrop of iconic heritage buildings, modern architecture and a stunning skyline.

For media queries, please write to press@singaporegp.sg.

For media kit and hi-res images, please visit bit.ly/SGPmedia.

For the latest on #SingaporeGP, find us @F1nightrace on FacebookInstagram and Twitter.

LIVERPOOL, MANCHESTER AND SINGAPORE REDS LINE UP MORE PLAYERS FOR BATTLE OF THE REDS 2019


Singapore, 23 September 2019 – In spite of years of rivalry and competition, Liverpool Red John Arne Riise and Manchester Red Ronny Johnsen were nothing short of smiles and banter at the Battle of the Reds pre-match press conference with Singapore Red Aleksandar Duric earlier this afternoon. Organised by Masters Football Asia, the Battle of the Reds will see Liverpool, Manchester and Singapore Reds take on each other in three 40-minute roundrobin matches at the National Stadium on 16 November.

Said former Liverpool left-wing John Arne Riise, “We respect each other. Ronny and I have been travelling together for a week, and I’m happy that I’m going home so I’ll won’t have to see him for a while! But yes, we have fun together,  we meet up, we have dinners and stuff, as soon as we go into the dressing room, there’s no ‘friends’ anymore. It’s all about winning and my target is to take Ronny, you know. Yes, that’s what I’m aiming for.”

“As John said, it’s going to be competitive every time. Of course, with Liverpool, you know, everything goes out of  the window other than winning the game. We need to keep that flag flying high. It’s one of those moments to play Liverpool. It’s always going to be the same so, I’m looking forward to it,” said Ronny Johnsen in response.

More names have also been added to the line-up for all three teams. Those of which include Paul Walsh, Luis Garcia, Vladimir Smicer from Liverpool, Lee Martin, Jesper Olsen, Danny Webber from Manchester, and Aide Iskandar, Lionel  Lewis and Alam Shah amongst others. More names will be announced closer to date. The teams previously matched up during the Masters Football Asia series in 2015 when Liverpool previously clinched the win against Manchester United with a final score of 2-0, with goals by Luis Garcia and Hamann.

“It’s a really good line-up this year and always great to have these big teams in Singapore. Back in 2017, we had a
good fight, so I’m definitely looking forward to the games. So many of the Singapore Reds players are supporters of
the two teams coming in November so the dressing room will definitely be interesting, but of course when we come
out, we will want to play well and enjoy the game,” added Aleksandar Duric.

Masters Football Asia Director, Ian Holahan, “We would like to thank the sponsors for making this possible, but it is definitely the fans too that keep driving us forward. The most important thing is to give back to the community, to give fans a once-in-a-lifetime opportunity. With that in mind, this year, all ticket-holders will stand a chance to win a ‘day-in-the-life-of’ experience, where they will get to interact with the teams while they are here.”

Open to six lucky ticket holders, winners will live like a footballer on the Battle of the Reds match day. Two winners will each shadow either the Liverpool, Manchester or Singapore Reds, and join the teams for lunch, travel to the stadium in the team bus, take a sneak peek at the changing room and even sit on the bench with the teams during the match. More details will be available on Masters Football Asia’s social media pages in the coming weeks.

Tickets to the Battle of the Reds 2019 start from $20 and are available at www.sportshub.com.sg. Family packages (two adults & two children below the age of 12) are also available at $120 and VIP Packages at $250. For more information, please visit www.mastersfootball.asia.

2019 Battle of the Reds
Date: 16 November 2019, Saturday
Time: Kick-off at 7 pm, gates open at 5.30 pm
Venue: National Stadium, 1 Stadium Drive, Singapore 397629
Ticketing: http://sportshub.com.sg/

Category Price Information
VIP S$250 Includes meet and greet with team managers and free flow F&B on match day
Family package S$120 2 adults and 2 children (children ages 12 and below)
Cat A S$50 Seats in the North and South stands
Cat B S$35 Seats in the East and West stands
Concessions S$20 Children 12 years and below
Adults 65 years and above

*Prices indicated do not include booking fee

Team lists (as of 23 September 2019) *Please note that all players are subject to availability

Liverpool Masters
John Arne Riise, Emile Heskey, Didi Hamann, Luis Garcia, Vladimir Smicer, David Thompson, Mark Wright, John
Durnin, Phill Babb, Jason McAteer, Paul Walsh, Fabio Aurelio, Don Hutchinson

Manchester United Masters
Paul Rachukah, Wes Brown, Keith Gillespie, Ben Thornley, Teddy Sheringham, Clayton Blackmore, Ronny Johnsen,
Eric Djemba Djemba, Russel Beadsmore, Lee Martin, Jesper Olsen, Danny Webber, Erik Nevland

Singapore Masters
Fandi Ahmad, Malek Awab, Syed Faeuk, Aleksadar Duric, Aide Iskandar, Zulkarnean Zainal, Gusta Guzariaha, Azhar
Baksin, Rezal, Indra Shadan Daud, Noor Ali, Steven Tan, Dalis Supaid, Alam Shah, Lionel Lewis, Rezal Hassan, E. Mani Mohan, Fahmie Abdullah

For all things social:
Hashtag: #BattleOfTheReds #MastersBattle #LiverpoolReds #ManchesterReds
Facebook: https://www.facebook.com/mastersfootballasia/
Instagram: @mastersfootballasia
Twitter: @mastersfootball

ELEVATE YOUR FORMULA 1 SINGAPORE GRAND PRIX EXPERIENCE WITH A PLETHORA OF HOSPITALITY OPTIONS

The Formula 1 Singapore Airlines Singapore Grand Prix 2019 returns for the twelfth year this 20 to 22 September 2019 with another weekend of show-stopping night race action. With a selection of world-class entertainment as well as superb culinary experiences, visitors at the Marina Bay precinct will be spoilt for choice.

The Marina Bay Street Circuit offer a plethora of options for every discerning guest, whether it’s the racing fan in search of the ultimate Grand Prix experience, the nightlife devotee, the gourmet aficionado or the trackside enthusiast. Guests will be able to enjoy a wide range of activities, dining and lifestyle options within each hospitality offering that best suit their individual preferences.

FOR THE DISCERNING GOURMANDS

The epitome of luxury, Paddock Club guests are privy to exceptional panoramic views of the pit straight and enjoy exclusive access to the Formula 1 pit lane as well as a delectable line-up of haute cuisine at The Garden lifestyle area.

This year’s specialty concept restaurants include one Michelin-starred Hind’s Head by Heston Blumenthal, globally renowned NOBU by Chef Nobu Matsuhisa, Australian  Neil Perry’s esteemed Rockpool bar and grill, the award-winning COMO Dempsey and famed Stockton Bar by Maximal Concepts. There’s also specially curated activities which includes a holistic pampering massage at the COMO Shambhala Wellness lounge, clairvoyant readings, entertainment at the Paddock Club stage and more. If you are only in town for one day, opt for the Upper Deck which gives the perfect initiation to the legendary Formula 1 Paddock Club.

FOR THE NETWORKING PROFESSIONALS

Indulge in a quintessentially lavish trackside experience with sensational views of high-octane racing at the Sky Suites. Choose your preferred spot – be seated across the team garages at the Pit Straight or watch the drivers jostle for overtaking opportunities at Turn 1 or negotiate complex corners at Turn 2.

Satiate your appetite with delectable fare from a world-class menu and pair it with free flow champagne, fine wines and spirits, beers and soft drinks. Each luxuriously furnished suite comes with an adjacent private viewing gallery that lets get excitingly close to the on-track action. Over at the rooftop, the Sky Terrace offers an exhilarating atmosphere with spectacular views of the Singapore skyline, race track and a myriad of alfresco dining options. Here’s where you can indulge in sensational culinary fare from renowned restaurants, savour innovative cocktails and enjoy an up-close view of the dazzling post-race fireworks.

For the PARTY REVELLERS

Hop aboard an exclusive ferry that will take you across the Marina Bay to the Circuit Park and go on a gastronomic journey at Twenty3. There’s two Michelin-starred restaurant San Domenico from Italy, two Michelin-starred restaurant Takagi from Japan and one Michelin-starred Largo do Paço from Portugal, live DJ sets at the Apex Lounge nightclub, and two dessert cafés. Drawing inspiration from the romantically illicit speakeasy bars of the late 1920s and early 1930s, the Drivers’ Right speakeasy features an exceptional selection of more than 30 Whiskies and specialty cocktails.

You can also witness the thrilling track action from any of the two rooftop terrace boasting spectacular views of the final corner of the street track, podium celebrations and post-race fireworks.

For the MUSIC Fan

The Cube offers music buffs the ultimate concert experience. An elevated deck provides guests prime views of the Padang Stage that plays host to the weekend’s top acts – Swedish House Mafia (20 September), Muse and Gwen Stefani (21 September) as well as Red Hot Chilli Peppers and Fatboy Slim (22 September). Guests can also indulge in free flow of Champagne, fine wines, premium spirits, beer, soft drinks and canapés in the air-conditioned indoor bars.

The Cube also gives access to all zones, so you can catch the entertainment throughout the Circuit Park as well as the Formula 1 action from different vantage points throughout Zone 1 to Zone 4, including from a dedicated viewing platform just a stone’s throw away.

Regardless of what you choose, you’re sure to have a fantastic experience – with F1’s original night race an amazing spectacle that is sure to leave an impression.

The Formula 1 Singapore Airlines Singapore Grand Prix 2019 will be held from September 20 to 22, with more information at singaporegp.sg. To book your hospitality package, please contact the corporate sales team at +65 6731 5900 or email hospitality@singaporegp.sg

Sporty Spice Melanie C, Raleigh Ritchie (aka Grey Worm from Game of Thrones), Daniel Jones (Savage Garden) and The Cuban Brothers to headline The Podium Lounge Singapore 2019

 

The Podium Lounge celebrates 11 consecutive years at The Ritz-Carlton, Millenia Singapore this Formula 1 Singapore Airlines Singapore Grand Prix season

28 June, 2019 [Singapore] – The world’s biggest trackside celebration of the Formula 1 Grand Prix season, The Podium Lounge hits the heart of the glittering garden city of Singapore with an after-party of epic proportions, presented by GP Management on Friday 20th, Saturday 21st and Sunday 22nd September, 2019.

Hosting a jaw-dropping 10,000 guests over three nights in the totally transformed Grand Ballroom of The Ritz-Carlton, Millenia Singapore along with the who’s who of the racing community,  guests at The Podium Lounge Singapore will be welcomed by ex-Formula 1 Driver and TV Celebrity Alex Yoong and E! News Asia’s Yvette King from 10pm until late each night.

Rub shoulders with Formula 1 drivers & teams (Lewis Hamilton celebrated his victory on the Marina Bay Street Circuit at The Podium Lounge last year) Royalty, celebrities, supermodels and Asia’s jet-setting party elite. Formula One fans and party-goers flying in from around the world can expect a mouth-watering line up including:

Friday, September 20th – member of the world’s most popular girl band Melanie C aka Sporty Spice hitting the decks

Saturday, September 21st – risqué musical comedy troupe and celebrity party starters, The Cuban Brothers

Sunday, September 16th – celebratory Race Night performance by British actor, singer/songwriter  Raleigh Ritchie aka Grey Worm of Game of Thrones fame

L-R: The Podium Lounge Singapore; CEO & Founder of The Podium Lounge, Robbie Hoyes-Cock; and Five-Time Formula 1 World Champion Lewis Hamilton at The Podium Lounge Singapore 2018 on Race Night

 Friday 20th September, 2019

Hot off the heels of the sell-out Spice World 2019 tour of the UK and Ireland, household name, Melanie C aka Sporty Spice will be playing a powerful DJ set on the opening night of The Podium Lounge Singapore.

In addition to being part of the biggest girl band the world has ever known, Melanie C has her own amazingly successful solo pop, theatre and DJ career.

In 1996, the debut single “Wannabe” hit number one in 37 countries, establishing the global phenomenon that was the Spice Girls. The girls went on to have an incredible 9 No.1 singles in the UK alone, selling over 31 million albums worldwide. After the band split, Melanie C had two UK number ones of her own, while establishing herself as a solo artist around the world. In 2016, after a four-year hiatus, she released her seventh studio album, the critically acclaimed “Version Of Me”.

Melanie C has had great stage success, picking up an Olivier Award nomination for her incredibly well received role in “Blood Brothers”, while also playing Mary Magdalene in Andrew Lloyd Webber’s hugely successful 2008 production of “Jesus Christ Superstar”. She also experienced TV success as a judge on the BBC1 Saturday night show “Superstar” that chose the lead role of Jesus.

Saturday 21st September, 2019

Super Saturday of The Podium Lounge Singapore sees The Cuban Brothers performing sexy, soulful music and mind-blowing dance routines made famous on the stages of Glastonbury and Bestival.

From sold-out tours, mega-festivals and support slots for rock royalty to crazy club nights, film roles and fashion shows, The Cuban Brothers’ unparalleled act is ingrained in pop culture. Miguel and his suspect sidekicks are renowned the world over for their party-starting skills, risqué sketches, B-boy moves and funk-fuelled music.

The Hawaiian suit-sporting crew and their outrageous, X-rated antics may be a comedy act, but they’re simultaneously serious musicians who have played with Prince, been on the road with James Brown and supported Fatboy Slim, Chuck Berry and De La Soul. In 2018 they celebrated their 20th Anniversary with a special tour of the Scottish Highlands & Islands and the release of their latest compilation ’La Familia’ featuring one new Cubans track – I Hate Hate – alongside classics by Herbie Hancock, Children Of Zeus and D’Angelo.

Everyone from Elton John, Robbie Williams and Richard Branson to Davina McCall have called on the Cubans to sprinkle their magic. Hard to believe, but the late Supreme Leader Kim Jong-il flew them to North Korea to perform for his cabinet and kept them captive for days, and last year, they hosted Noel Gallagher’s 50th birthday party after the singer declared them the best act at Glastonbury.

 Sunday 22nd September, 2019

For the first time ever in Singapore, globally renowned British actor and singer-songwriter Raleigh Ritchie, famous for his epic role as Grey Worm, Commander of the Unsullied in global TV hit ‘Game of Thrones’ will be performing tracks live from his outstanding debut album, ‘You’re A Man Now, Boy’ on Race Night.

Raleigh has had a busy 12 months working on his second album which was featured on Stormzy’s #1 single ‘Don’t Cry For Me’ and nominated for an Ivor Novello in 2018.

Raleigh’s 2016 debut album ‘You’re A Man Now, Boy’ has amassed over 200 million streams worldwide with hits from the album including ‘Bloodsport’ and the top 40 single ’Stronger Than Ever’. In addition to his headline UK tour at London’s O2, Raleigh has also supported Kendrick Lamar, George Ezra and played numerous festivals across UK, Europe and the USA.

Friday / Saturday / Sunday – 20 to 22 September, 2019

All three nights, will see Daniel Jones of Savage Garden presented by DeRocks and Paneco.com performing live on stage together with singer Kathleen De Leon (of Hi-5 fame) and rising Singaporean star Maya Davidov, who’ll be rocking the high octane party following the trackside thrills and spills on the Marina Bay Street Circuit.

Australian musician, songwriter and record producer Daniel Jones was a member of the ultra-successful Australian pop duo Savage Garden, whose international hit singles included the songs “I Want You”, “To the Moon and Back”, “Truly Madly Deeply”, “I Knew I Loved You”, and “Crash and Burn”.

Savage Garden were an Australian pop duo consisting of Darren Hayes on vocals and Daniel Jones on instruments. The band’s two studio albums, Savage Garden and Affirmation, reached No. 1 in Australia and peaked in the top ten in both the United Kingdom and United States. Their two studio albums have sold 23 million copies worldwide, and the group won a record number of ten ARIA Music Awards in 1997 for their debut album and its related singles.

Kathleen de Leon is a Filipino-Australian actress, dancer and singer and original cast member of the ARIA Award winning Australian children’s musical group Hi-5.

23-year old Singaporean Maya Davidov has the extraordinary privilege of having been taken under the musical wing of Savage Garden songwriter and instrumentalist, Daniel Jones. Maya first caught the attention of Daniel through videos of her performing on her YouTube channel ‘xmayanicole’. Maya has been singing ever since she can remember, but officially started her musical journey at the tender age of 10 after joining the school choir at United World College, Southeast Asia. Maya has gone on to sing live at major performance venues including The Esplanade and Yong Sew Tech Conservatory of Music. Classically trained she has expanded her musical horizons to include jazz, pop and contemporary music.

The Podium Lounge Singapore is thrilled to present New-York-based Danish-American Neo-Pop celebrity artist Jan Larsen as the Official Artist of its 11-year celebration.

Talked about as one of the most thoughtful, entertaining, popular, and important voices in contemporary work, Larsen and his team will offer a custom-crafted, high-octane collection of his works over the three nights of the Singapore Grand Prix.

With a presentation that combines fresh additions to Larsen’s body of work with an entertaining, interactive format, Larsen’s Go Go Go showcase will take the form of a Formula 1 racing pit, complete with entertaining JLA Pit Crew, and invites guests to immerse themselves in the fun and sparks-flying energy of powerful contemporary work while coming face-to-face with the high-octane world of motorsport’s elite race.

Larsen and his ‘pit crew’ will offer guests a first-of-its-kind, multi-media presentation and line-up of fresh work, including original paintings, limited edition prints, custom-cast sculptures, and immersive audio and video elements – each extending the artist’s market-mashing oeuvre while he celebrates the beauty, power and grace of the global Grand Prix phenomenon with some of its biggest stars.

Taking centre stage, models this year will walk the Peroni LED catwalk dressed in luxury designer streetwear by MTHEMOVEMENT.

Celebrity designer “M” has over 20 years of experience in international branding and fashion. Today “M” lives all over the world, creating his men and women’s luxury designer streetwear line called MTHEMOVEMENT powered by Kings Group.

His new collection for Fall 2019, with its many celebrity collaborations including apl.d.ap of The Black Eyed Peas, is inspired by his global jet-set life and will be revealed at his Podium Lounge shows over three nights.

Throughout his career, “M” has also styled celebrities, including international stars such as The Black Eyed Peas, Snoop Dogg, Britney Spears and many of Asia’s Next Top Models and Sony Music artists.

 

Rolls-Royce Motor Cars[1] is proud to be part of the festivities and official car partner of The Podium Lounge 2019, and will be displaying a bespoke motor car inside the Grand Gallery at The Ritz-Carlton, Millenia Singapore. Showcasing the pinnacle of luxury, the highest levels of hand-built craftsmanship and a near-limitless potential for Bespoke personalisation, the car will embody Rolls-Royce’s famed ethos of Striving for Perfection.

Come and see the bold yet elegant approach to the design, as timeless as the Spirit of Ecstasy mascot that leads the way forward; feel the plush materials appointed throughout the cabin, selected and treated with meticulous rigor by 60 pairs of hands before completion; experience Rolls-Royce’s signature Bespoke expressions – a truly personal expression of oneself reflected during the creation of an individual Rolls-Royce.

The magical wonder of a Rolls-Royce will be available for viewing throughout the F1 weekend, from 20 to 22 September 2019, only at The Podium Lounge.

Perrier is the official sparkling water and refreshment partner of The Podium Lounge 2019 Singapore. The iconic brand, always on the hunt for distinctiveness and the unexpected, will be surprising and entertaining guests with a fleet of special butlers on all three nights. Capturing attention with a surprise guests’ street art performance, Perrier is bringing even more extraordinaire to The Podium Lounge experience.

Nominated for the 2019 World’s Best New Ski Hotel, Skye Niseko has set new standards of luxury and service in Asia’s top ski resort, Niseko. Guests of The Podium Lounge will get a sneak peak of their winter wonderland and enjoy their “on snow” competition for the chance to win some great holiday prizes over the Singapore Grand Prix weekend.

Paneco.com, the world’s largest online alcohol delivery company, will wow partygoers again at this year’s Podium Lounge. Guests will be astonished by their killer activation experience. Make sure to have lady luck by your side and stand a chance to win thousands of dollars in prizes including bottles of premium whiskies, magnums of champagne and limited edition spirits at the digital slot machine. One lucky winner will walk away with a diamond from DeRocks Jewellers.

The Podium Lounge guests will be the very first in Singapore to exclusively experience multi-award winning winery Ulithorne’s range of premium McLaren Vale wines with a very special nightly tasting taking place in the Grand Gallery of The Ritz-Carlton, Millenia Singapore.

While many are happy to simply see wine as a reflection of a region, Ulithorne look much deeper, while acknowledging the concept of terroir, they apply it with meticulous individualisation. Ulithorne are confident that those who know and appreciate their wines share some of their own core values – the willingness to sacrifice time rather than risk precious quality, the ever so important attention to detail and good honest authenticity.

Charity is always a major focus of The Podium Lounge weekend, and this year will see a series of live auctions of authenticated and exceptionally rare F1 memorabilia with all profits going to a local charity. Some outstanding items include a Formula 1 race helmet signed by all of the drivers of the 2018 Formula 1 Season, as well as a Lewis Hamilton (Five-Time Formula 1 World Champion) signed Mercedes F1 shirt and a Michael Schumacher (Seven-Time Formula 1 World Champion) signed F1 race glove.

Rare F1 memorabilia to be auctioned off, with all profits going to a local charity:
(L – R) 2018 F1 race helmet; Lewis Hamilton signed Mercedes F1 shirt and Michael Schumacher signed F1 race glove

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Tickets, VIP Tables and Booking Information:

Tickets (nett per person, per night)

General Admission: S$188 in advance | S$218 on the door

General Admission inc. 1 Bottle (0.75L) of Lanson Champagne: S$388 in advance | S$418 on the door

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VIP Tables (nett per table, per night)

VIP Table for 4 – $1,688
1 Magnum (1.5L) of Lanson Champagne + 1 Bottle of Grey Goose Vodka

VIP Table for 8 – $3,488
2 Magnums (1.5L) of Lanson Champagne + 2 Bottles of Grey Goose Vodka

VIP Table for 12 – $5,788
4 Magnums (1.5L) of Lanson Champagne + 3 Bottle of Grey Goose Vodka

Raised Jeroboam VIP Table for 12 – $9,888

3 Jeroboams (3L) of Lanson Champagne + 1 Jeroboam (3L) of Grey Goose Vodka

Ultra VVIP Table for 20 – S$28,888

5 Jeroboams (3L) of Lanson Champagne + 3 Rehoboams (4.5L) of Grey Goose Vodka

VVIP Stage Lounge for 50 – $58,888

20 Magnums (1.5L) of Lanson Champagne + 10 Magnums (1.5L) of Grey Goose Vodka

+ a Meet & Greet with the Headline Artists, Celebrity Guest Hosts and F1 Legends & Drivers in Attendance.

 For Tickets, VIP Tables and Corporate Hospitality, please contact:

Robbie Hoyes-Cock

CEO & Founder – The Podium Lounge

Mobile: +65 9459 5211

Email: robbie@podiumlounge.com

Bookings exclusively available via: www.podiumlounge.com/sg

Social Media Channels
Facebook:   www.facebook.com/PodiumLounge
Hashtag:     #PodiumLoungeSG

High-resolution images can be downloaded from Dropbox HERE

2019 Podium Lounge Singapore Video Preview https://youtu.be/UwEvC_2YoL4

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APPENDIX 1: Full List of Partners

Official Venue: The Ritz-Carlton, Millenia Singapore
Official Artist: Jan Larsen
Official Car Partner: Rolls-Royce Motor Cars Singapore
Official Sparkling Water & Refreshment Partner: Perrier
Official Insurance Partner: Great Eastern Life
Official Yacht: Auspicious Club Auspicious Club
Official Champagne: Champagne Lanson
Official Jewelry: Derocks
Official Mixer: Fever Tree
Official Vodka: Grey Goose
Official Software: JCurve
Official Wealth Manager: JOOL Capital
Official Fashion: MTHEMOVEMENT
Official Motorcycle: Mutt Motorcycles
Official Online Liquor Store: Paneco.com
Official Beer: Peroni
Official Energy Drink: Red Bull
Official Tech: Rounder
Official Resort: Skye Niseko
Official Wine: Ulithorne Wine
Official Limousine: Wolero

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 About The Podium Lounge Singapore 2019

In its eleventh consecutive year at The Ritz-Carlton, Millenia Singapore, this sell-out, celebrity-packed event is returning to The Grand Ballroom of The Ritz-Carlton, Millenia Singapore, which undergoes a dramatic transformation into a glamorous ultra-lounge featuring a glittering LED catwalk for the nightly Fashion Circuit and VIP balconies offering a magical party experience with the racing community for 10,000 guests over three thrilling nights.

Nestled within the race-track and situated just 200 metres from the F1 Pit Building, The Ritz-Carlton, Millenia Singapore sits right beside Formula 1’s VIP Gate 2 making it easy to access The Podium Lounge, a party-haven for celebrities and the place to be and to spot the stars of the Racing Community.

The Podium Lounge has attracted celebrities including Gordon Ramsay, Kim Kardashian, Taboo, Hodor (Kristian Nairn), Joel Madden, Amir Khan, Sasha Grey, Rio Ferdinand, Estelle, Brian McFadden, Princess Charlene of Monaco, Bobby Chinn,  Sky Blu of LMFAO, Rudimental, Sophie Ellis-Bextor, Stephane Pompougnac, Nadia Ali, Dimitri from Paris, Joey Negro, Sander Kleinenberg, Andreas Villas Boas, Brian Kelleher, Diego Maradona and Linkin Park’s Joel Hahn, and several Miss Universes. F1 racing legends Niki Lauder, Sir Jackie Stewart, Jacques Villeneuve, Eddie Jordan, David Coulthard, Damon Hill, Martin Brundle, Johnny Herbert, Rubens Barrichello, Alex Yoong, Nico Rosberg, Sebastien Buemi, Romain Grosjean, Fernando Alonso, Valtteri Bottas, Sebastian Vettel and Lewis Hamilton have all attended The Podium Lounge in recent years.

The Podium Lounge Singapore follows successful VIP events around the International Formula 1 Circuit including Monaco, Melbourne and Abu Dhabi.

About The Grand Prix Season Singapore (GPSS) 2019

The Grand Prix Season Singapore (GPSS) – a specially curated 10-day season (13 to 22 September 2019) – showcases Singapore’s exciting range of lifestyle events and offerings prior to and around the FORMULA 1 ™ Singapore Airlines Singapore Airlines Grand Prix. It offers visitors the opportunity to enjoy Singapore’s best including Entertainment, Dining, Retail, Arts & Culture and Attractions that embrace the fervency of the race.

For further press information and talent interview opportunities, please contact:

Joel Tan

W Communications
Mobile: +65 9177 2510
Email: joelt@wcommunications.sg

Laura Goh

W Communications
Mobile: +65 9386 0027

Email: goh.laura@wcommunications.sg

 

Universities in Singapore

It may be small, but in the realms of higher education and research, Singapore is a big hitter. A whole series of global reports have recognized Singapore as a world leader in research and innovation over the past few decades. In recent years, it’s been ranked seventh in the 2015 INSEAD Global Innovation Index, third in IMD’s 2014 World Competitiveness Rankings and second in the World Economic Forum’s Global Competitiveness Report for 2014-15.

Within this context of global competitiveness and innovation, universities in Singapore are also gaining growing recognition, as Asian nations more generally strengthen their position in the global education market. Singapore’s two leading universities are now both ranked within the world’s top 15, and the city itself is ranked 15th in the QS Best Student Cities 2018, reflecting its combination of educational excellence, high quality of life, and diverse student community.

National University of Singapore

Singapore’s global superstar, the National University of Singapore (NUS) is currently ranked 11th in the QS World University Rankings, and first in the QS Asia University Rankings 2019. Within the QS World University Rankings by Subject, NUS displays a breadth of high performance which can be rivalled by very few universities in the world. The school is now ranked seventh in the world for the engineering and technology broad subject area, and sixth for civil engineering.  It’s also within the top 10 for social sciences & management.

Nanyang Technological University

Nanyang Technological University (NTU) was ranked just one place behind NUS in the QS World University Rankings® and two places in the QS Asia University Rankings, ranked 12th in the world and joint third in Asia. It’s highly regarded for its engineering courses, and in the QS World University Rankings by Subject features in the global top five for the broad subject area of engineering & technology and is also ranked third for materials sciences. In recent developments, NTU enrolled the first batch of students at its new Lee Kong Chian School of Medicine in the summer of 2013, as part of a collaborative venture with the UK’s Imperial College London.

Singapore Management University

Offering a more specialized range of subjects, Singapore Management University is another of Singapore’s best known institutions, ranking among the world’s leading providers of education in the fields of accounting and finance, computer science, economics, law and statistics.

Ranked joint 500th in the World University Rankings and 78th in Asia, the university also places within the global top 100 for accounting, economics and business the QS World University Rankings by Subject 2018.

Other international universities in Singapore

Singapore is also home to a selection of recently established collaborative institutions, bringing together universities in Singapore with leading universities around the world. One example is the Singapore University of Technology and Design, developed in partnership with the US’s Massachusetts Institute of Technology and China’s Zhejiang University. Yale-NUS College is another international collaboration, launched in 2011 as the first liberal arts college in Singapore, as a partnership between the National University of Singapore and Yale University. These collaborations reflect a wider focus on internationalization and innovation among universities in Singapore, which is generating a growing selection of exciting options for prospective students.

Source: Top Universities – www.topuniversities.com