Singapore rings in the New Calendar year with get-togethers, fireworks


SINGAPORE: Singaporeans welcomed in 2017 with celebrations islandwide from Suntec Town, to Marina Bay, to the heartlands.

For the initial time, Mediacorp held its countdown get together at Suntec Town. Using position appropriate upcoming to the Fountain of Prosperity, Singapore’s most important avenue countdown get together kicked off at 7pm for 7 hours of non-end performances by the Republic’s favourite nearby talents.

Some get together goers Channel NewsAsia spoke to stated they experienced began queuing for the get together considering the fact that 3.30pm. 

At “Celebrate 2017: Countdown With Stars”, revelers appreciated foodstuff, drinks as effectively as non-end entertainment from a line-up of near to forty artistes. They included Rahimah Rahim, Mild Bones, Najip Ali, Rebecca Lim, Elvin Ng, Felicia Chin and Romeo Tan.

The countdown was unquestionably cost-free and was hosted by DJs Jean Danker, Yasminne Cheng, Vernetta Lopez and Mike Kasem.

In the heartlands, more than two hundred neighborhood celebrations took position.

At Bishan-Ang Mo Kio Park, about five,000 residents turned up to ring in the New Calendar year. A 7m by 3m mural wall built up of about two,000 recycled bottle caps that were contributed and collected by residents, college students, volunteers and different neighborhood companions was a spotlight.

On the bottle caps, associates of the community can pen their needs for Singapore. The mural was lit up by Key Minister Lee Hsien Loong, who is also MP for Ang Mo Kio GRC.

Key Minister Lee Hsien Loong joins residents at Bishan-Ang Mo Kio Park as they get ready to usher in 2017. http://little bit.ly/2hWfW3Z (Video: Liyana Othman)

Posted by Channel NewsAsia on Saturday, 31 December 2016

Spouse and children bonding routines, as effectively as carnival online games, were readily available although residents waited for the clock to strike twelve.

Fireworks across the island kicked off the begin of 2017. 



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Just after &#039a 12 months of two halves&#039, exactly where is gold headed in 2017?


SINGAPORE: In a 12 months dominated by unexpected global events and roiling uncertainty, the actions in the gold selling price have defied expectations.

Next the US Federal Reserve’s final decision to raise curiosity charges previous December for the to start with time in almost a decade, gold watchers experienced been anticipating a lacklustre 2016, with some forecasting the treasured metal to slide to multi-12 months lows below the US$1,000 mark.

But in just a week into the new 12 months, gold rates gained a lot more than three for each cent to breach the US$1,a hundred mark as a brutal market-off engulfed global inventory markets. The surge into protected-haven property was also fuelled by crude oil rates sliding below US$thirty a barrel to 12-12 months lows, mounting problems about a softening Chinese economic system and the Financial institution of Japan’s (BOJ) unprecedented move to undertake a destructive curiosity fee policy

Even top rated forecasters of the yellow metal have been caught off guard by the events in January, which propelled gold rates to a potent get started in 2016.

“The potent moves in the to start with thirty day period surprised everybody who was expecting a destructive 12 months. To be genuine, I was 1 of them,” ABN Amro’s commodity strategist Georgette Boele informed Channel NewsAsia. Rated by Bloomberg as the most exact forecaster for gold, the Amsterdam-based mostly analyst experienced originally predicted an close-2016 focus on of US$900 amid the chance of further fee hikes in the US, which would bolster the buck.

A firmer US greenback tends to set pressure on gold rates, which is priced in the US currency and gets a lot more pricey to customers situated outside the US. In addition, with gold staying viewed as an option financial investment to the greenback, it is normally shunned when the buck strengthens in price.

But as problems about the global economic system pulled down expectations for greater US curiosity charges and deflated the US greenback rally, gold rates continued to soar and ultimately breached the US$1,three hundred level on Jun 24 as political uncertainty stemming from Brexit took a toll on by now-fragile enterprise and customer self-assurance.

By Jul eight, the selling price of gold was at a a lot more than two-12 months significant of US$1,366, up almost thirty for each cent 12 months to date.

“The greenback was underneath pressure with US fee hikes having priced out, and with uncertainties like Brexit building, everybody together with me, turned really bullish. With the problems bordering the US elections, it appeared like a circumstance that would be superior for gold rates but the contrary occurred,” Ms Boele said.

Next Donald Trump’s election victory on Nov 9, gold rates sank into a downward spiral on expectations that the President-elect’s campaign for fiscal stimulus proposals would bolster economic progress and inflation. As a final result, the US equity markets U-turned after original losses, yields on US Treasuries spiked and the US greenback strengthened, sending buyers scurrying to readjust their positions into risky property.

Mr Jonathan Chan, financial investment analyst at Phillip Futures in Singapore, said the gold price’s reversal came as a shock.

“I was expecting gold rates to hold around US$1,three hundred after Donald Trump won because I believed the political unrest in the US would contribute to the hazard-off sentiment,” the analyst said. “But as you can see from the current selling price action, the industry experienced long gone fully from that view.”

On Friday (Dec thirty), place gold was previous witnessed trading at $1,160.forty two an ounce, down around 9 for each cent since Trump’s victory in the elections and as the US central bank indicated a more rapidly rate of fee hikes in 2017 after rising curiosity charges before this thirty day period. 

“It has been a 12 months of two halves,” said Ms Boele. “We began the 12 months staying destructive just before starting to be really bullish due to all the uncertainty pushing back expectations for a Fed fee hike. But now we are back to the identical themes we noticed previous 12 months – a much better US greenback and a lot more fee hikes – and the sentiment is yet again on the destructive aspect.”

(Knowledge from Bloomberg)

Offered ON GOLD

While the roller-coaster experience in gold rates appeared hard to stomach, it has been a boon for treasured metal dealers and jewelry retailers who informed Channel NewsAsia that demand from customers for physical gold normally rises amid selling price volatility.

Silver Bullion said product sales of its gold goods jumped 41 for each cent this 12 months, with the greatest boost in demand from customers coming on the back of the EU referendum. According to the company’s founder and CEO Gregor Gregersen, product sales spiked 600 for each cent around the 3 times pursuing Britain’s vote to go away the European Union.

The protected-haven demand from customers also lifted product sales of physical silver up by 48 for each cent at the Singapore-based mostly bullion vendor and storage service provider.

“Our clients are determined by the drive to shield on their own. There are by now considerations about fundamental structural troubles in the West, these types of as the amount of debt that exists in the process. When unexpected events like Brexit materialize, they produce uncertainty and add to the fret, creating a lot more people to get curiosity in shopping for physical gold and silver as a variety of coverage,” said Mr Gregersen.

More than at Ho Bee Goldsmith & Jewelry, demand from customers from area retail customers has been dependable during the 12 months, famous enterprise supervisor Jessica Chia.

“People are nevertheless shopping for. They have witnessed the uptrend and are prepared to spend particularly with the rates coming down,” said Ms Chia, including that seasonal shopping for ahead of Chinese New Year may possibly have also contributed to the sustained curiosity.

Aside from physical gold bars and cash, there are other techniques to spend in the yellow metal these types of as shopping for gold futures or selections, shares of gold miners, gold exchange-traded cash (ETFs) and opening gold accounts with banking companies. 

In Singapore, United Abroad Financial institution (UOB) said it has witnessed a thirty for each cent boost in the range of new openings this 12 months for its gold-connected bank account, which does not have Items and Expert services Tax (GST) and permits for transactions on the web.

“More than eighty for each cent of our Gold Saving Account turnover volume was transacted on the web, significantly by youthful clients who like the ease of on the web banking and are exhibiting bigger curiosity in gold-associated goods,” famous Ms Beh Hsia Wa, director of UOB’s Group Bullion Brokerage and Clearing.

“Given the backdrop of low-to-destructive curiosity charges in many formulated economies and global macroeconomic uncertainty in the previous 12 months, we have witnessed a lot more clients turning to gold to diversify their investments and to lower their dangers,” she additional.

OUTLOOK FOR 2017

Going ahead, analysts that Channel NewsAsia spoke to are break up on exactly where gold rates are headed.

Ms Boele from ABN Amro said she has turned destructive on the treasured metal, with a focus on of US$1,a hundred for 2017, citing the risk of a rejuvenated US greenback.

Phillip Futures’ Mr Chan, however, thinks that the rally may possibly occur back to lifestyle future 12 months and forecasts that the selling price of gold will head back up to US$1,three hundred.

“Most people would appear at the US fee hike in phrases of how it strengthens the US greenback but there are other components to consider and the most crucial 1 to look at is no matter whether Trump can carry out what he promised, how a lot inflation that will produce and how the Fed reacts to all that,” he informed Channel NewsAsia.

There are expectations that a much better US economic system will quicken inflation, which tends to stoke shopping for curiosity between buyers as they consider the metal will hold its price superior than other property in instances of rising customer rates, Mr Chan defined.

Funds Economics’ commodities analyst Simona Gambarini is forecasting gold rates to access US$1,450 by close-2017, noting that monetary markets have “jumped the gun” in believing that the President-elect will be ready to produce quickly on his assure to ramp up infrastructure spending.

“The euphoria about infrastructure spending could soon be replaced by considerations about a trade war and geopolitical dangers, restoring the protected-haven bid for gold. What’s a lot more, the prospect of a significant deficit-funded fiscal stimulus is probably to press inflation perfectly over the Fed’s 2 for each cent focus on, this means that even if the Fed raises charges a lot more aggressively, actual curiosity charges really should remain low.”

To be absolutely sure, analysts said they are not creating off opportunity surprises that could derail gold rates from expectations, but yet again.

For 1, elections due in France and Germany will remain significant up on markets’ look at checklist after Italian Primary Minister Matteo Renzi lost a referendum before this thirty day period and as Britain navigates its exit from the EU.

The direction of insurance policies in the world’s major economic system underneath Donald Trump will also be keenly eyed, said Mr Chan.

“Surprises could materialize: For illustration, the scale of Trump’s expansionary insurance policies staying scaled-down than expected or he goes back on his campaign on trade protectionism. These would power me to revise my forecast. Even the Fed would have to regulate its fee hike cycle,” he defined. “It’s a domino impact.”

Abide by See Kit on Twitter @SeeKitCNA



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2017 lookahead: What can Asia anticipate from its new leaders?


BANGKOK: A number of nations throughout Southeast Asia – together with the Philippines, Myanmar and Thailand – witnessed key improvements in leadership in 2016.

Subsequent a landslide election get, Philippine President Rodrigo Duterte has undoubtedly manufactured an impression after assuming workplace in June. Myanmar is now led by a civilian governing administration after pretty much 50 decades of navy rule.

Alter is predicted as properly in Thailand’s politics, as King Bhumibol Adulyadej – who reigned for 70 decades – has died, and a new monarch has taken about.

The Thai folks lost a much-revered monarch who was pivotal in preserving a perception of stability in the place regardless of the sea change in its political landscape about 7 many years.

A mourner clutches a photo of Thai King Bhumibol Adulyadej after the hearse carrying the body of the late monarch passes the Grand Palace in Bangkok. (AFP/Lillian Suwanrumpha)

It is much too before long to convey to how the new king, Maha Vajiralongkorn intends to fill the gap, but his appointment of the folks who will make up the Privy Council – and other vital positions linked to the monarchy – presents a great sign.

It is important that this new King will be the one particular to endorse the new constitution, drafted by a navy appointed committee and permitted by the general public in a landmark referendum in August. Previously, there are accusations that this constitution will empower the navy governing administration to increase command about Thai politics in the long term.

This could lead to further more division within just the place, according to analysts.

Thitinan Pongsudhirak, Director of the Institute of Stability and Global Experiments at Chulalongkorn College claimed: “The divide and polarisation that we’ve viewed about the last decade however persists.  But for the time currently being it has been overcome by grief and mourning. This is a time and a compact window of prospect for the navy governing administration to display some leadership by bringing folks together… if this does not occur, there will be prospects and developing hazard that the aged divide will reappear and that we will see a lot more polarisation along the line of a ability struggle yet again, as we have viewed in the past.”

Thailand is poised to get a key step in the direction of democracy in 2017, if all goes as promised. Prime Minister Prayut Chan-ocha claimed in August that a standard election would be held in late 2017.

But the navy has already deviated numerous situations from past promises to maintain an election. If one particular does occur to go, it would be the initial polls given that the navy seized ability in 2014.

DUTERTE Ought to DO More TO Reduce POVERTY: Professional

Over in the Philippines, its newly-elected President has begun to make his mark both of those domestically and internationally.

In November this year, a lot of in the Philippines protested towards the burial of former president, Ferdinand Marcos, at the Heroes’ Cemetery in Manila. His detractors cited the human rights’ atrocities he fully commited. President Rodrigo Duterte was also a focus on of the anger for making it possible for the burial.

Some claimed he might have long gone a step much too significantly.

“(This) could almost certainly have an affect on his recognition specifically (for the reason that) he’s so gung-ho about the Marcos burial. No president has carried out that – even these who are shut to the Marcoses, at the very least by affinity – like President Ramos, he was Marcos’ protégé,” claimed Professor Jean Franco of the College of the Philippines.

Mr Duterte manufactured his existence felt pretty early in his leadership, with his no-holds barred war on medication. But its higher dying toll has sparked criticism both of those at dwelling and abroad. He has vowed to keep heading, but the scale of the challenge usually means his battle is set to keep on properly into 2017.

Below Mr Duterte’s leadership, other issues have also viewed stark improvements in the standing quo.

Globally, aged bonds have been shaken up, and new ones solid – this would have been unlikely underneath the past administration.

Back again dwelling, analysts claimed in the coming year, the president have to do a lot more to decrease poverty, which was one particular of his campaign promises.

Professor Jean Franco pointed out: “He received on the platform that he’s anti-institution. I consider he have to really give enough hope for folks who voted for him that he may possibly be various and that he’s heading to change the lives of Filipinos.”

It is much too before long to convey to if Mr Duterte will be capable to do that as he is only just beginning his 6-year term. But already the decades forward promises to be an eventful one particular.

HIGHS AND LOWS AS MYANMAR RETURNS TO CIVILIAN RULE

Also, Myanmar observed a watershed function in November 2015, next which a democratically-elected governing administration was put in after pretty much 50 decades of navy rule.

The civilian governing administration is led by Nobel Laureate Aung San Suu Kyi.

The people’s expectations were being overwhelmingly higher with a lot of anticipating instant constructive improvements to their lives, but some observed this as unrealistic.  As the year played out, Myanmar observed some highs but a lot of lows as properly.

The year started on a higher notice with Ms Suu Kyi appointing her shut mate and confidante, Htin Kyaw as President. She in flip manufactured herself the country’s Point out Counsellor, effectively enabling her to govern as Myanmar’s de facto chief.

Ms Suu Kyi attained some noteworthy successes in 2016 – persuading the US to raise economic sanctions on Myanmar was one particular, and the other, her means to warm ties with China after relations soured underneath Myanmar’s past governing administration.

Ms Suu Kyi has numerous difficulties forward of her – among them, the ongoing conflict with Myanmar’s ethnic armed teams. But the one particular with the most possible to damage her reputation as chief is the Rohingya crisis in Myanmar’s Rakhine state. She has been criticised for undertaking much too little to assistance the Rohingyas.

These key difficulties will no doubt keep on to challenge her administration into 2017.

Inspiro Institute Principal Earn Thu claimed occur future year, Myanmar’s Point out Counsellor will have to have to fulfil the promises she has manufactured to the folks.

“But if she cannot … then the remaining decades will be much worse, not for the governing administration, but for the folks,” he claimed.

There are great expectations of Ms Suu Kyi’s leadership, and 2017 will be no various as Myanmar carries on on the path of democratisation and advancement.

As for other nations in the region, 2017 will very likely be the year the folks of Thailand and Malaysia equipment up to elect their new leaders, which will be some thing to watch out for.



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2017 lookahead: The South China Sea obstacle to ASEAN unity


MANILA: The Affiliation of Southeast Asian Nations (ASEAN) has been urged to relook its Constitution and redefine its consensus-developing mechanism. Professionals have also lifted the need to have for the regional bloc to be adaptive and sufficiently flexible to obtain unity, in the confront of shifting alliances among the its 10 member states. 

This year, ASEAN solidarity was set to the examination by challenges bordering the South China Sea that dominated the region’s geo-political landscape.

In July, The Hague international tribunal ruled that there was no basis for China’s declare more than large parts of the South China Sea and that it had violated the Philippines’ unique sovereign legal rights in the sea.

It was a victory for former President Benigno Aquino and his fight with Beijing more than the issue. But the new administration in Manila has taken a distinct technique.

The sea dispute was set on the backburner as President Rodrigo Duterte normalised relations with Beijing, the strategic realignment culminating in a condition visit to China and investment promises really worth more than US$twenty billion.

In distinction, the Philippines’ relations with its old ally, the United States, reached a new lower in 2016.

President Duterte, reacting to the Obama administration’s criticism of his war on medicine, introduced Manila would lessen its financial and navy reliance on Washington. But the tone has due to the fact softened.

Duterte, who has said he and US President-elect Donald Trump have the exact temperament, hopes to have a superior romance with the incoming administration.

“Donald Trump has created it distinct that his curiosity is in financial relations and the other things to consider like political and navy protection … would flow from how financial relations are basically witnessed,” said Professor Hermann Kraft, College of the Philippines.

US-Philippine ties in the new year could well hinge on whether Trump implements the trade and immigration guidelines he promised for the duration of his campaign. They could not only set the Philippine economic climate under pressure, but also sprint any hope of a reset to the romance.

VIETNAM’S BALANCING ACT

In excess of in Vietnam, it was a historic year for ties with the United States – former enemies whose reconciliation arrived entire circle with President Barack Obama’s visit in May perhaps, when he introduced that the US thoroughly raise the a long time-old arms embargo on the country.

U.S. President Barack Obama shakes palms with Vietnam’s President Tran Dai Quang soon after an arrival ceremony at the presidential palace in Hanoi, Vietnam, on May perhaps 23, 2016. (REUTERS/Carlos Barria)

Behind warming ties with the US, even so, Hanoi has the regular and urgent need to have to equilibrium relations with its greatest trading companion China, and deal with their contesting statements in the South China Sea.

“It’s not essential for robust statements toward China, but it is essential to have much more conferences and talks to interact and share Vietnam’s place of see. The prime priority is to fulfill and communicate. If there is no conference or communicate, the option then is to battle. But war is not in anyone’s passions,” said the Previous Director of Vietnam’s Countrywide Border Committee Tran Cong Truc.

Vietnam has said it does not rule out any peaceful and authorized usually means of settling its territorial disputes – which technically involves having its case to court like the Philippines.

Professionals in the country said arbitration is a witnessed as a final vacation resort for a government which has created distinct its priority is to deal with the conflict with dialogue and negotiation, which usually means bilateral talks with all claimant states.

But for Vietnam, the South China Sea dispute is also a regional issue which must keep firmly on the ASEAN agenda, according to its officials.

Overall flexibility Necessary TO Sustain ASEAN’S CENTRALITY: Professionals

ASEAN’s overarching curiosity in the South China Sea is to sustain peace and security, but it is locating it much more challenging to discuss with a person voice when each member condition has differing national passions to guard.

Even so, senior diplomats from the region believe ASEAN must be flexible to sustain its centrality.

“I feel now is the time (exactly where) ASEAN can market an architecture for the region that has an adaptive capability (that is) sufficiently fluid, sufficiently flexible to be capable to obtain unity,” said Mr Marty Natalegawa, who was Indonesia’s Overseas Minister under President Suslio Bambang Yudhoyono.

He added: “I feel ASEAN must be capable to make certain that this is not an both-or proposition. Now it is achievable to have a united cohesive ASEAN speaking with a person voice and at the exact time make it achievable for particular person ASEAN member states to have these other close relations with powers outside the house ASEAN. As very long as individuals nations recognise that in the remaining assessment, their curiosity of the region must be most important in their problem.”

Mr Ong Keng Yong, ASEAN’s former Secretary-Standard, said it is time the regional bloc re-contemplate its consensus-developing technique.

“Maybe we can say: All right, now probably we ought to glance at our ASEAN charter, due to the fact that is our constitutional document, exactly where the norms and tactics of ASEAN have been embodied,” said Mr Ong who served from 2003-2007. “Let’s glance at the ASEAN charter and see: Can we do some impressive mechanisms to say – in some instances it does not have to be 10 out of 10. 8 out of 10 is ample or nine out of 10 is ample.”

It has been eight decades due to the fact the ASEAN Constitution arrived into drive. Throughout that time, there have been key developments in the region that have demanded ASEAN’s ideal and timely reaction.

There is a provision for the Constitution to be reviewed every single five decades, and probably the Philippines may possibly set the agenda on the table when it will become ASEAN Chair in 2017.



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fifty,000 Rohingya fled to Bangladesh from Myanmar: Government


DHAKA: Some fifty,000 Rohingya Muslims have fled to Bangladesh from Myanmar, the foreign ministry in Dhaka reported on Thursday (Dec 29), searching for shelter from a bloody crackdown by the army.

Bangladesh has stepped up patrols to attempt to stem the tide of refugees crossing the border because an eruption of unrest in Myanmar’s western point out of Rakhine in early October.

A factfile on Myanmar’s Rohingya Muslim minority. (AFP/Gal ROMA, Laurence CHU)

The foreign ministry summoned Myanmar’s ambassador to specific “deep problem at the ongoing inflow” of tens of 1000’s of members of the stateless ethnic minority into its territory.

“(We) outlined that close to fifty,000 Myanmar citizens took shelter into Bangladesh because 09 October 2016,” the ministry reported in a assertion.

Rakhine borders Bangladesh and is home to the Rohingya – a Muslim minority team loathed by several of Myanmar’s Buddhist the greater part.

Dhaka also demanded early repatriation of all Burmese citizens who have been living in the Muslim-the greater part nation for a long time, like some three hundred,000 Rohingya – most of them illegally.

A spokesman for the United Nations Large Commissioner for Refugees (UNHCR) explained to AFP that at least forty three,000 Rohingya have taken shelter in Bangladesh because October.

The vast the greater part of individuals who arrived took refuge in makeshift settlements, official refugee camps and villages in Bangladesh’s vacation resort district of Cox’s Bazar.

Many of individuals interviewed by AFP explained to horrific stories of gang-rape, torture and murder at the hands of Myanmar safety forces.

Myanmar has denied allegations of abuse but has banned foreign journalists and unbiased investigators from accessing the spot.

Bangladesh’s govt has been less than stress to open its border to the fleeing refugees, in a disaster which has been explained as a campaign of ethnic cleansing versus the Rohingya.

But it has strengthened its border posts and deployed coastguard ships to reduce refreshing arrivals.

In the previous three months, its border guards have prevented hundreds of boats packed with 1000’s of Rohingya women of all ages and small children from entering the state.



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I won’t substitute individuals with a equipment, claims meals entrepreneur Daniel Tay


SINGAPORE: The cheesecake, with its delicate filling and crusty bottom, is a dessert synonymous with New York. But homegrown meals entrepreneur Daniel Tay is hoping his Asian twists on it will soon make it a uniquely Singaporean solution abroad.

With cheesecake variants like yuzu and lychee, the Singapore-influenced Milo Dinosaur and durian, the French-qualified award-successful pastry chef desires to excite buyers in the United States and Australia.

“I consider they will like it. I consider some flavours which they have in no way tasted just before, they would say, ‘Wow this is Singapore. Singaporeans can really make good cakes’,” reported Mr Tay, forty six, during an job interview at his fourteen,000 sq ft central kitchen in Kampong Ampat.

Foodgnostic’s Daniel Tay is hoping his ‘mao shan wang’ durian cheesecake will capture in China. (Picture: Cat And The Fiddle)

The kitchen is household to his wholesale production and baked goods giving enterprise Foodgnostic, and its sister enterprise Cat And The Fiddle, the on the web retail arm of his cheesecake business.

In just its walls lies the know-how that has enabled him to generate his cheesecakes in adequate quantity and consistency to supply to regional marketplaces. Since April, Mr Tay has been screening the China industry, sending samples to eating places and resorts there.

“We’re taking things sluggish in China. Our strawberry and coffee-flavoured cheesecakes are undertaking effectively. We have a person restaurant completely ready to offer with us. Matters are too early to notify, but if they (the buyers) like it, it will be large,” he reported.

Foodgnostic also has a manufacturing unit in Malaysia which makes halal cakes below the Cat And The Fiddle model. It’s however at the phase of “screening the waters” of the Malaysian industry and finding out the logistical difficulties.

Mr Tay claims he is also looking to generate cheesecakes for marketplaces in Myanmar, Cambodia and Vietnam. 

View: The tale guiding Daniel Tay’s worldwide ambition

With 500 to 1,000 cheesecakes getting made a day from his Foodgnostic kitchen floor, Mr Tay reported: “We are hoping to ramp it up to 2,000 or three,000 in the next year, and ideally when we get our new line, we perhaps (could bake) ten,000 a day.”

This year by yourself, “S$600,000 to S$seven-hundred,000” has been invested in Foodgnostic’s know-how as he seeks to innovate and leverage on robotics, he exposed at a recent panel dialogue for Channel NewsAsia’s year-conclude unique, Singapore Overview 2016 (which airs Friday, Dec 30, at 8pm).

Mr Tay established his name on the nearby culinary scene when he founded patisserie-café chain Bakerzin in 1998, right after a stint as pastry chef at French restaurant Les Amis. He offered off Bakerzin in 2007 and resigned as its chief govt in 2013 to start out Foodgnostic.

Nonetheless A Job FOR Individuals

But Mr Tay’s investment decision in kitchen automation at Foodgnostic has been seen by some with jaundiced eyes.

“There are periods when I talk about robotics, there are some negative reviews, like, ‘Oh, so you are not paying out, so you are retrenching people’, he reported.

“I reported, ‘No, we in no way retrench unless somebody did some thing quite undesirable to the enterprise. We in no way question persons to leave. And we would not substitute individuals with equipment. We will in no way, in no way substitute.’”

He added: “This enterprise is unquestionably not obtaining a equipment and saying, ‘Hey, I consider you do not have a job.’ That’s unquestionably a no-no.”

Somewhat, he reported, he embraces know-how with the aim of strengthening the productiveness and effectiveness of just about every worker. “It is just an addition for them to generate a lot more.

“If I obtain the equipment with the exact same amount of money of workers that I have, (the issue is) how substantially a lot more can I generate? Can I generate a few periods a lot more, 4 periods a lot more, and however sell?

“A reduction of workers and an increase in productiveness are two distinct things. We have to make it clear that obtaining equipment is not to substitute individuals. It is to make our staff members a lot more productive.”

IF HAAGEN-DAZS CAN DO IT…

And he’s pushing forward with the self-confidence that there will be a receptive worldwide industry for his uniquely-flavoured cheesecakes.

“It is like if Häagen-Dazs can ship their ice product all about the globe and sell their model, then it is the exact same factor that I want to do. I want to sell the Singapore style,” he reported.

“I consider we can now use the ‘Made In Singapore’ brand… because we are common adequate to sell our nearby-flavoured cheesecake abroad and educate (other people) about our country’s unique flavours.”

Even though, he admits that Americans could not be quite completely ready for durian cheesecake but. But, “Milo Dinosaur, that is quite Asian. So we are heading to make it a very little little bit louder, a very little little bit bolder and notify them, ‘Hey this is our cheesecake, try out it’.”

Singapore Overview 2016 appears at the economic difficulties and alternatives for business owners. It premieres Dec 30, at 8pm (SG/HK), with an encore telecast on Dec 31, 6pm.



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