Learning

NTU Singapore partners Maybank to set up Wealth Management Academy

SINGAPORE (June 25): The Wealth Management Institute (WMI) of National Technological University Singapore (NTU Singapore) and Maybank Group have signed a strategic partnership to establish the Maybank Wealth Management Academy (WMA).

Sponsored

The quiet revolution

SINGAPORE (June 25): “Disruption” is the word of the decade, and it is happening in almost every industry. The automotive industry, in particular, has been impacted by everything from oil crises to private-hire car services. However, the most influential disruption of the past decade that will impact future mobility and the environment is the introduction of the electric vehicle (EV). 

BMW kicked off the era of electrification in 2011 when it launched the BMW i brand. Since then, it has introduced the BMW i3, the most succesful compact battery EV in the premium segment worldwide; the BMW i8, the most successful hybrid sports car in the world; and the widest range of plug-in hybrid vehicles in the market.

When first introduced, the sleek, futuristic design of the BMW i3 and i8 models caught everyone’s eye, but the beauty is more than skin deep. Both vehicles feature extremely lightweight but strong carbon fibre — a first for series production vehicles — and the exterior skin (excluding the roof) is thermoplastic, a material that is lighter than metal equivalents

What’s inside is even more exciting. Sections of the dashboard and trim of the BMW i3 are made from sustainably grown open-pore eucalyptus, adding a bit of zen to the interior. The fine leather upholstery in the BMW i3 and the all-new BMW i3s is tanned using olive leaf extract, a natural process that uses olive production byproducts to protect against fading and wear. And to top it off, the fabric in the seats is made from recycled bottles.

However sleek and innovative the BMW i models are inside and out, there are still barriers preventing buyers from choosing fully EVs. First is range anxiety, the worry that you might be stranded once the battery power is depleted. Fortunately, the current BMW i3 on sale in Singapore delivers a practical real-life range of 200km. And, yes, that’s with the air con running.

Another barrier to greater adoption across many markets is access to a reliable and extensive charging infrastructure. While the charging infrastructure in Singapore is still in its infancy stage, there is no denying it is a great start for the island city and will only grow in the coming years.

BMW Asia has been working with Greenlots and partners such as CapitaLand to build up the charging infrastructure in Singapore since 2014. There are currently 52 ChargeNow public EV charging stations at 36 locations across the island with another 17 stations across seven locations to be activated. Drivers can locate the charging stations nearest to them in the ChargeNow network by using the BMW Connected app and the BMW ConnectedDrive services in their vehicle’s navigation system for real-time status, pricing information and turn-by-turn directions. ChargeNow is a mobility service from BMW i and is the largest public charging network in Singapore.

Meanwhile, the Land Transport Authority and Singapore Economic Development Board will invest in 2,000 charging points between 2017 and 2020, with up to 400 available for public use. In February, Singapore electricity retailer Red Dot Power announced it would invest $500,000 to install at least 50 EV charging stations in the city state by the end of next year.

BMW also offers the BMW i Wallbox for fast home-garage charging or charging in a private parking space. This Wallbox offers a charging capacity of up to 22kW in a three-phase operation and can fully charge the battery of the BMW i3 in three hours and 30 minutes.

In the end, driving an EV is more than just a lifestyle choice; it is an environmentally conscious one. In late-May, Ulrich A Sante, ambassador of the Federal Republic of Germany to Singapore, received the keys to a new BMW i3, making the German Embassy the first diplomatic mission in Singapore to employ an EV for official use.

“Global warming is a serious issue that is impacting our lives today and will continue to [do so] for years to come. Everyone can do their part to reduce the effects of this situation, and today I am proud to say the German Embassy in Singapore is doing its part by purchasing a BMW i3 electric car,” Sante had said. “By taking this step, we are significantly reducing our daily carbon dioxide emissions and thereby contributing to the ambitious objective of the Paris Agreement to keep the global temperature rise in this century well below 2°C above pre-industrial levels.

“Although electric cars still make up only a small percentage of cars on the roads in Singapore, we hope Singaporeans will follow our lead and make the choice to switch soon!”

On the topic of EVs, Paul de Courtois, managing director of BMW Group Asia says, “Singapore is the perfect market for EVs and we are committed to working with private and government organisations to drive adoption of EVs and improve the environment. As once said by Harald Krueger, CEO of BMW AG, the electric-car race is a marathon, not a sprint.”

Thanks to BMW’s forward thinking, the future of mobility is here. From practical daily transportation with zero tailpipe emissions combined with BMW luxury in the case of the BMW i3, to stunning supercar performance and looks of the i8 combined with up to 37km of electric-only range — with an even more exciting i8 Roadster coming to Singapore later this year — and the iPerformance range available now, the revolution has arrived. Its quiet electric power may be the reason you have not heard it.

IPO

Is Xiaomi's IPO worth a punt?

SINGAPORE (June 25): Xiaomi Corp has planned its initial public offering (IPO) since last year and in Dec 2017, it was reported that the group was seeking a valuation of about US$50 billion ($67.4 billion).

Shareholder activism

Asiatic's second-largest shareholder calls for EGM to replace board

SINGAPORE (June 25): Brian Chang, the second-largest shareholder of Asiatic Group Holdings, has sent a letter to the company calling for an extraordinary general meeting to replace the board, The Edge Singapore has learnt.

Broker's Calls

DISA started at 'buy' by KGI with 2 cents target on Walmart win

SINGAPORE (June 25): KGI Securities is initiating coverage on DISA, the company formerly known as Equation Corp, with a “buy” recommendation and a target price of 2 cents.

Broker's Calls

Japfa started at ‘buy’ by Maybank with 86 cents target on return to recovery path

SINGAPORE (June 25): Maybank KimEng expects Japfa, the animal protein supplier, to return to the recovery path with FY18E-20E profit rising back up to US$89-116 million ($121-$158 million) levels from US$16 million in FY17.

China Kunda diversifies business to include manufacture and distribution of furniture
SINGAPORE (June 25): China Kunda says that it will be diversifying its business to include...
VARD announces $840 mil contract win after delay in delisting EGM
SINGAPORE (June 25): VARD Holdings has secured a contract worth over NOK 5 billion ($840 million)...
NTU Singapore partners Maybank to set up Wealth Management Academy
SINGAPORE (June 25): The Wealth Management Institute (WMI) of National Technological University...
The quiet revolution

SINGAPORE (June 25): “Disruption” is the word of the decade, and it is happening in almost

Buying into China's cleaner environment theme
SINGAPORE (June 25): It has been another tough week for global stocks. The escalating trade rhetoric between the US and China is hurting investor confidence, especially in perceived riskier and export-reliant emerging markets.  My Global...
TES835-portfolio-Shinkansen
In need of a comprehensive sustainable growth strategy
SINGAPORE (June 18): This week, I would like to share some thoughts on a topic that has dominated Malaysian news headlines and generated much debate among market commentators, analysts and investors alike. Mega infrastructure is perhaps the most...
Tech giants regain glamour
SINGAPORE (June 11): The series of unprecedented events currently unfolding in Malaysia continues to capture our attention; many events were expected and a few less so. As fascinated as we are with domestic news, though, the world continues to...
Stock options can be made to better align management with shareholders… but not the conventional kind
SINGAPORE (June 4): Last November, I wrote an article questioning whether existing stock option plans were good for shareholders. I have no doubt that the theoretical proposition is valid: that if the interests of senior management are aligned with...

Home

Latest News

China Kunda diversifies business to include manufacture and distribution of furniture
SINGAPORE (June 25): China Kunda says that it will be diversifying its business to include...
VARD announces $840 mil contract win after delay in delisting EGM
SINGAPORE (June 25): VARD Holdings has secured a contract worth over NOK 5 billion ($840 million)...
NTU Singapore partners Maybank to set up Wealth Management Academy
SINGAPORE (June 25): The Wealth Management Institute (WMI) of National Technological University...
The quiet revolution

SINGAPORE (June 25): “Disruption” is the word of the decade, and it is happening in almost

Portfolio

Buying into China's cleaner environment theme
SINGAPORE (June 25): It has been another tough week for global stocks. The escalating trade rhetoric between the US and China is hurting investor confidence, especially in perceived riskier and export-reliant emerging markets.  My Global...
TES835-portfolio-Shinkansen
In need of a comprehensive sustainable growth strategy
SINGAPORE (June 18): This week, I would like to share some thoughts on a topic that has dominated Malaysian news headlines and generated much debate among market commentators, analysts and investors alike. Mega infrastructure is perhaps the most...
Tech giants regain glamour
SINGAPORE (June 11): The series of unprecedented events currently unfolding in Malaysia continues to capture our attention; many events were expected and a few less so. As fascinated as we are with domestic news, though, the world continues to...
Stock options can be made to better align management with shareholders… but not the conventional kind
SINGAPORE (June 4): Last November, I wrote an article questioning whether existing stock option plans were good for shareholders. I have no doubt that the theoretical proposition is valid: that if the interests of senior management are aligned with...
THE EDGE COLLECTION 1-YEAR PLAN
1x Print. 3x Digital Access The Edge Singapore. 1x Digital Access The Edge Malaysia.