Mandarin Oriental Hotel Group – A Global Luxury Brand
Transcription
Mandarin Oriental Hotel Group – A Global Luxury Brand
vol.3 2011 Thistle The Magazine of Jardine Matheson New Features for PIP Awards 2012 > page 3 Group Chairman Hosts London Dinner for China’s Vice Premier > page 5 Hongkong Land Subsidiary Wins Premier Beijing Development Site > page 9 Mandarin Oriental Hotel Group – A Global Luxury Brand Reaching New Performance Heights The Pride in Performance (PIP) Awards Programme 2012 incorporates several new features including a greater concentration on the five key elements distilled from the past decade of entries. Combined, these elements of performance, world-class service, innovation, teamwork and tenacity can help our businesses overcome challenges, achieve growth and reach new heights. Through the PIP Awards Programme, we can learn from the experiences of various Group businesses and share the key elements that have helped them achieve success. The Group’s good results for the first half of 2011 reflect the relatively resilient trading conditions in Asia, particularly in growing economies such as Indonesia. While there is some concern about the general global economic climate, the Group continues to perform satisfactorily and to avail itself of new business growth opportunities as they arise. One example of a business which is making the most of growth opportunities is Mandarin Oriental Hotel Group (MOHG), the subject of our feature on pages 15-19. Highly regarded as one of the world’s leading luxury hotel brands, MOHG currently operates 27 hotels in key destinations worldwide and remains in a strong financial position in spite of the global downturn. Anthony Nightingale 5 New Features for PIP Awards 2012 Senior Management Changes Hong Kong has Competitive Edge for Business in China Intelligent City to Drive Innovation and Growth Opportunities … Leadership 8 9 Hongkong Land Subsidiary Wins Premier Beijing Development Site Mannings Plus Aims High Wellcome Taiwan Launches First New Concept Stores Jardine Schindler Brings PORT Technology to Southeast Asia … Feature 14 Mandarin Oriental Hotel Group – A Global Luxury Brand Performance 20 20 International Recognition for Gammon Expertise Guardian Singapore Clinches Pharmacist Competition Employment Opportunities Accolade for Pizza Hut and KFC in Taiwan … Spirit 26 MINDSET Fun Day Promotes Mental Health Awareness Mini-MINDSET Days Create Summer Fun for Service Users IKEA Taiwan Supports Exhibition of Historic Dolls Latest Jardine Foundation Scholars Commence Studies … People 32 34 China Management Trainee Scheme Takes Off Anniversary Celebrations at Astra Hactl Celebrates 35th Anniversary with Customers Enterprise at Work … Mariátegui Jardine Lloyd Thompson Peru CONTENTS At the Centre 2 New Features for PIP Awards 2012 Breakthrough Performances AT THE CENTRE The Pride in Performance (PIP) Awards Programme 2012 will incorporate several new features. The first is a shift in focus from the longstanding PIP values of Performance, Enterprise, Energy and The Right People to a greater concentration on the five key elements distilled from the past decade of entries. These are: 1. Reaching new performance heights to achieve business growth 2. Delivering world-class customer service 3. Innovating and creating new ideas to approach your business 4. Working as teams and enhancing the competencies of our people 5. Overcoming challenges with tenacity Another new feature is a repositioning of the ‘Successful New Venture’ category to ‘Successful New Initiative’. “We feel this broadens and better reflects the overall aim of this particular category,” said Jardine Matheson Group Managing Director Anthony Nightingale. “It can be a small, new project, a new strategy, a new venture or any initiative that you and your team feel proud of and which has achieved business success.” The other four categories of Customer Focus, Marketing Excellence, Innovation and Creativity, and Business Outperformance remain unchanged, but in recognition of the increasingly important role of sustainability in enhancing business performance, this will also now be taken into consideration in the judges’ assessment of PIP entries. The deadline for entries is 10th January 2012. Senior Management Changes Anthony Nightingale is to retire as Jardine Matheson Group Managing Director at the end of March 2012 after six years in the position. He will be succeeded by Ben Keswick. In addition, Adam Keswick will take up the new role of Deputy Managing Director. main listed companies as well as a commissioner of Astra. has grown the businesses, both in their traditional markets as well as exciting new developments in Southeast Asia and mainland China. Ben Keswick Anthony Nightingale Ben Keswick will also succeed Mr Nightingale as Managing Director of listed Group companies Jardine Strategic, Hongkong Land, Dairy Farm and Mandarin Oriental. Adam Keswick will join their boards. Mr Nightingale will remain a nonexecutive director of the Group’s Ben Keswick, who first joined the Group in 1998, has served as Group Managing Director of Jardine Cycle & Carriage for the last four years. In this position, he has played an active role in the expansion of the Group’s Southeast Asian interests, which now account for over 50% of its profits. For the past four years, Adam Keswick, who joined the Group in 2001, has served as Chief Executive of Jardine Pacific and Jardine Motors based in Hong Kong. During this time, he Adam Keswick “We are grateful for Anthony’s extensive contribution during his long career with Jardine Matheson, and in particular his excellent leadership as Managing Director,” said Group Chairman Sir Henry Keswick. “He has overseen a strong period of growth for the Group and will be stepping down as Managing Director at a time when all our businesses are performing well.” At the Centre New Features for PIP Awards 2012 Hong Kong has Competitive Edge for Business in China Hong Kong is the ideal base for companies seeking to build strong and profitable businesses across mainland China, Jardine Matheson Group Managing Director Anthony Nightingale told an 800-strong audience of business leaders at ‘Think Asia, Think Hong Kong’, a weeklong Hong Kong Trade Development Council promotion in the United Kingdom. Speaking in London at the main symposium of the event on the topic ‘Hong Kong: Your Competitive Edge for China’, Mr Nightingale said that since 1997 Hong Kong had enhanced its traditional roles as a leading investor in China, a conduit to the Mainland’s markets, and the natural channel for the manufactured goods produced in factories in the Pearl River Delta. The progress that Hong Kong had made placed it at the Second left: Jardine Matheson Group Managing Director Anthony Nightingale responds to a question during the ‘Think Asia, Think Hong Kong’ symposium with (first left) Moderator Sir David Brewer, Chairman of China-Britain Business Council; and fellow panel members (2nd right) Levin Zhu, President of China International Capital Corporation; and Michael Miles, Chairman of Schroders. heart of China’s modern economic development while providing a unique vantage point from which to assess the entire mainland China economy. Mr Nightingale cited examples of how the Group’s Hong Kong base had provided it with the flexibility and resources to address markets across China aided by advantages such as those offered by CEPA, the Closer Economic Partnership Agreement. “In summary, Hong Kong’s business environment is transparent, internationally familiar, and offers the support needed to implement an effective China strategy. Hong Kong is China’s primary international finance centre, and a key driver for the economic integration in Southern China. As such, for companies seeking to build strong and profitable businesses across the Mainland, I believe the ideal base is Hong Kong,” concluded Mr Nightingale. Group Posts Good Half-Yearly Results The Jardine Matheson Group posted good half-yearly results for the first six months of 2011. Strong performances from Astra and Dairy Farm offset the effect of fewer residential development completions by Hongkong Land as well as a lower profit contribution from Jardine Motors. Underlying profit for the first six months of 2011 was US$725 million, an increase of 9% over the same period in 2010. Underlying earnings per share were 9% higher at US$2.01. The gross revenue of the Group, including 100% of the revenue of associates and joint ventures, was US$27.4 billion, compared to US$22.8 billion in the first half of 2010. An increased interim dividend of US¢33.00 per share, up 10%, was declared. Jardine Pacific recorded mixed results from its businesses in the first half of 2011. Its recently enlarged IT group, JOS, and its restaurant operations had a strong six months, but its shipping activities suffered from rate erosion and Gammon’s earnings were affected by two difficult projects. Jardine Motors faced a poor market in the United Kingdom and margin pressure in mainland China. Jardine Lloyd Thompson is trading well and the outlook for the full year is encouraging. Hongkong Land’s commercial property activities enjoyed positive market conditions and the group remains active in the residential sector. Dairy Farm continued to explore acquisition opportunities in existing and new markets in Asia. More favourable conditions enabled Mandarin Oriental to achieve higher occupancy and increased room rates, which led to improved profitability. Jardine Cycle & Carriage produced a strong set of results as Astra’s businesses benefited from continued economic growth in Indonesia. “Trading conditions for the Group’s businesses in Asia remain relatively resilient, although concerns exist that the global economic climate is showing some signs of fragility,” said Group Chairman Sir Henry Keswick. “Despite the lower income from residential developments and reduced first-half profit in Jardine Motors, the Group is expected to perform satisfactorily in the second half of the year.” During his annual visit to Thailand to meet business leaders and partners, Jardine Matheson Group Chairman Sir Henry Keswick paid a courtesy call on to the then-Prime Minister Abhisit Vejjajiva and then-Finance Minister Korn Chatikavanij at the parliament building in Bangkok. (Both left their positions following the dissolution of parliament in May 2011.) Jardine Matheson Group Chairman Sir Henry Keswick with then-Thai Premier Abhisit Vejjajiva during their meeting at the parliament building in Bangkok. Group Chairman Hosts London Dinner for China’s Vice Premier Sir Henry was accompanied on his visit by Jardine Cycle & Carriage Managing Director Ben Keswick and Thailand Country Chairman Dr Pisit Leeahtam. Jardine Matheson Group Chairman Sir Henry Keswick with China’s Vice Premier Wang Qishan. Firsthand Look at Peru Economy In his role as a member of the Asia Pacific Economic Cooperation Business Advisory Council (ABAC), Jardine Matheson Group Managing Director Anthony Nightingale attended a four-day meeting in Lima, Peru. During his visit, he also met with executives of Jardine Lloyd Thompson, which has had a presence in Peru since 1993 and, as a strong and successful business, now employs more than 100 people. “We remain very positive about Peru and have every confidence that our businesses there will continue to thrive,” said Mr Nightingale. ABAC is a body of regional business leaders that provides business-focused counsel to leaders and officials of the 21-member Asia Pacific Economic Cooperation (APEC) group of economies. The aim of the meeting in Peru was to provide ABAC members with a firsthand look at developments in Peru’s economy and the opportunities that it has to offer the international business community in preparation for discussions with APEC leaders and officials in November. From Left: Ignacio Mariátegui, New Business Director and Jose Miguel Gonzales, Managing Director, of JLT Peru Re; Salomón Lerner, Prime Minister of Peru; Anthony Nightingale, Managing Director, Jardine Matheson Group; and Jose Ramón Mariátegui, Managing Director, Mariátegui JLT Peru. Jardine Matheson Group Chairman Sir Henry Keswick hosted a dinner in honour of China’s Vice Premier, Wang Qishan during his visit to the United Kingdom to engage in the Fourth UK-China Economic and Financial Dialogue. Accompanying Vice Premier Wang to the dinner, which was held at Mandarin Oriental Hyde Park, London, were 11 Chinese Ministers and Vice Ministers. European guests in attendance included business and financial leaders as well as Jardine Matheson directors Lord Powell of Bayswater and Lord Leach of Fairford. During the dinner, Sir Henry led a discussion on global finance and the international economy. At the Centre Group Chairman Meets Thai Prime Minister Intelligent City to Drive Innovation and Growth Opportunities Jardine Matheson Group Managing Director Anthony Nightingale has praised the foresight of Chongqing’s Municipal Government and its efforts to see the creation of Chongqing as China’s first ‘Intelligent City’. Speaking at the 6th annual meeting of The Chongqing Mayor’s International Economic Advisory Council on the theme ‘Transitioning to an Intelligent City’, Mr Nightingale said, “The environment created in an Intelligent City allows the community to leverage its technological infrastructure and skills to raise levels of public service, enhance business development and new investment, and attract key talent and business leaders to drive innovation.” Mr Nightingale also told his audience that recognizing the need to build on a digital infrastructure to provide innovative and value-added solutions is an essential component of remaining competitive in today’s corporate world. Second left: The Mayor of Chongqing, Huang Qifan, at the welcome banquet for his advisory council meeting with (second right) Group Managing Director Anthony Nightingale and Jardine Matheson (China) Chairman David Hsu and (first left) Jardine Matheson Group China Representative Adam Williams. He cited several examples of ‘Intelligent’ Group businesses – Hongkong Land developing ‘Smart’ buildings through a digital network; Jardine Lloyd Thompson creating new solutions for clients with its integrated benefits management tool; Mandarin Oriental building closer relations with customers by combining databases from its properties around the world; and Mannings developing more convenient healthcare services by enabling its customers to receive consultations from pharmacists via the web or on their iPhone. Mr Nightingale said that the transition of Chongqing to an Intelligent City was creating growth opportunities which investors and services providers like Jardines were looking for. “We as a company look forward to sharing in and assisting with Chongqing’s great adventure into a prosperous – and intelligent – future!” Group Managing Director Visits Yunnan and Guangdong Jardine Matheson Group Managing Director Anthony Nightingale, accompanied by Hongkong Land Chief Executive Y K Pang and newly appointed Jardine Matheson (China) Chairman David Hsu, has visited Group business interests in Yunnan and Guangdong. During his stay in Kunming, Mr Nightingale met Xie Yihua, Deputy Director of the Yunnan State-owned Assets Supervision and Administration Commission, and Liu Ming, President of Yunnan Airport Group Company, which operates Yunnan Airport Service Ltd in joint venture with Jardine Airport Services China at Kunming International Airport. Both parties expressed their satisfaction at the performance to date and agreed that with the new Kunming airport, opportunities for the joint venture will grow in the future. In Guangzhou, Anthony Nightingale met Lawrence Tang, General Manager of Guangdong Revenco Enterprises, a long-term business partner of the Group with which Dairy Farm set up 7-Eleven in Guangzhou and Jardine Lloyd Thompson (JLT) established JLT Lixin Insurance Brokerage. Discussions included opportunities for further co-operation in the future. Mr Nightingale also visited 7-Eleven, Manning’s South China regional headquarters, Zungfu (Guangzhou) Management Company, a Mandarin Oriental Hotel Group project site, Maxim’s bakery operation in Shenzhen and Zungfu Huaxing Company in Dongguan, and attended a senior management meeting in Guangzhou. Left: General Manager of Guangdong Revenco Enterprises Lawrence Tang with Hongkong Land Chief Executive Y K Pang, Group Managing Director Anthony Nightingale, Jardine Matheson (China) Chairman David Hsu and Group Chief Representative, South China Zhou Zhaosen. At the Centre Hongkong Land Takes Significant Step in Mainland China Hongkong Land has taken a significant step in the development of its presence in mainland China with the commencement of work on Yorkville, the group’s first whollyowned residential project in the country and one that is destined to set a new standard for affluent living in Chongqing. Modelled after the traditional lifestyle, mountains and lakes of the city of York in England, Yorkville will target Chongqing’s many high-net-worth individuals. Located in the North New Area of Chongqing, one of the largest municipalities in the world, and near the new TwoRiver New Area special economic zone, the site covers an area of almost 400,000 sq. m. and has a total planned gross floor area of nearly 900,000 sq. m. An entirely residential project, Yorkville will offer approximately 6,500 units comprising townhouses, garden apartments, high-rise flats and community retail facilities. It is also adjacent to the beautiful natural environment of the forest park of Zhaomu Mountain and Chong Guang Lake. The significance of the project was emphasized in May this year when His Royal Highness The Duke of York, Prince Andrew visited the ChongqingBritish Friendship Forest at Yorkville, which symbolizes co-operation between the British Royal Household and Chongqing City. During his visit, Prince Andrew unveiled a stone monument commemorating the Centre: His Royal Highness The Duke of York, Prince Andrew, examines details of the Yorkville project with Vice Mayor of Chongqing, Ling Yueming and Hongkong Land Chief Executive Y K Pang and Executive Director Robert Wong. launch of Yorkville in a ceremony, which was attended by the Vice Mayor of Chongqing, Ling Yueming and Hongkong Land Chief Executive Y K Pang. “The area is popular with businessmen, dignitaries and celebrities so it presents the ideal customer base for us to develop a high-end project like Yorkville,” said Hongkong Land Executive Director Robert Wong. “It is also very accessible to Jiang Bei Airport, making it an excellent choice for those who need to travel frequently.” Yorkville is one of the latest additions to the high-end residential and commercial portfolio, which Hongkong Land has developed across the region and in mainland China. In Beijing, this includes the highly successful Central Park and Maple Place at Beijing Riviera, as well as the group’s most recent tender win to develop an integrated retail centre on a premier site in Wangfujing Dajie, a prime commercial location and retail destination in the city. In Chongqing, Yorkville is one of three major Hongkong Land projects currently in progress, each of which is expected to make a significant contributions to the area’s economic growth and social development. The other two are Landmark Riverside, where work has recently commenced, and the well-received Bamboo Grove, which has entered the latest phase of its expansion. Similarly, Yorkville will also be developed in phases over a seven-year period with initial pre-sales planned for early 2012. “Yorkville really does offer the best of all worlds – luxury residences, and convenient links both domestically and internationally. We are very proud that Yorkville will be our first whollyowned property in mainland China,” added Mr Wong. Hongkong Land Subsidiary Wins Premier Beijing Development Site LEADERSHIP Hongkong Land 95%-held subsidiary WFJ Development Ltd (WFJD) has won the tender to develop an integrated retail centre on a premier site in Wangfujing, located in the heart of Beijing. Hongkong Land won the tender with a bid of RMB2.9 billion (US$455 million). The site, named ‘Wangfujing International Brand Center’, is located in the western part of Wangfujing Dajie, an area that is already seen as the prime commercial location and retail destination in the city. The centre will include a luxury hotel and will house leading brands from around the world. The total gross floor area of the completed development will be approximately 131,100 sq. m. including three levels of basement. Hongkong Land is to develop an integrated retail centre on this premier site in Wangfujing in the heart of Beijing. “The site has an excellent location in the heart of Beijing and will benefit from the increasing demand for premier retail outlets,” said Hongkong Land Chief Executive Y K Pang. “Given our strength and expertise in developing and managing high-end retail centres in major cities in the region, we are confident that Wangfujing International Brand Center will become an international landmark in the city.” Mandarin Oriental, Paris Opens for Business Mandarin Oriental has made its debut in Paris with the official opening of the new 138-room hotel located on the famed rue Saint Honoré. “This opening marks a major step in the growth strategy of our group,” said Mandarin Oriental Hotel Group Director of Operations for Europe, Middle East and Africa Christoph Mares. “We are delighted to inaugurate the latest Mandarin Oriental hotel in the heart of Paris, one of the world’s premier destinations.” The original Art Deco façade of the luxury hotel has been complemented by chic, contemporary interiors, which combine Parisian sophistication with art deco details and oriental touches, and the hotel’s luxurious rooms are some of the largest in Paris. Mandarin Oriental, Paris offers a choice of two restaurants and a bar along with a cake shop. It also has a holistic ‘Spa at Mandarin Oriental’ with a 14-metre swimming pool, and a comprehensive fitness centre and range of stylish event space. Mandarin Oriental, Paris is located on the famed rue Saint Honoré in the heart of the city’s entertainment and high-end retail districts. Leadership Hongkong Land Subsidiary Wins Premier Beijing Development Site Royal Visitor for Jakarta Land Project Left: Hongkong Land Executive Director, South Asia Robert Garman briefs His Royal Highness The Duke of York on the World Trade Center II (WTCII) project currently under development by PT Jakarta Land, in which Hongkong Land has a 50% interest. Due for completion in 2012, WTC II will be the first certified environmentally sustainable building in the Jakarta Central Business District and is expected to establish a new benchmark for Grade A commercial buildings there. Mannings Plus Aims High The launch of four ‘Mannings Plus’ new concept health stores is the latest step for the company towards achieving its vision of becoming the N0.1 professional health and beauty corporation in Hong Kong, taking care of the wellbeing of the community. The new ‘Mannings Plus’ concept stores promote health and wellbeing. The four new Mannings Plus stores are located in some of the city’s busiest shopping areas – Causeway Bay, the International Finance Centre in Central, Taikoo Shing and Tuen Mun Town Plaza. Each store offers professional advice including free consultations by in-house dietitians, pharmacists and health and beauty advisers. “This unique combination of free health tests and personal product recommendations aims to provide all-round professional health and beauty solutions to health-conscious consumers,” explained Mannings Hong Kong and Macau Chief Executive Officer Lily Chan. Already, the exceptional customer service at the new Mannings Plus stores has received recognition. Shortly after their launch, they were awarded ‘Service Category Leader’ in the Mystery Shoppers Programme of The Hong Kong Retail Management Association. Latest JEC Contracts Demonstrate Breadth of Expertise Jardine Engineering Corporation (JEC) has been awarded several new contracts in Singapore and Hong Kong, which demonstrate the breadth of its expertise in water filtration systems and sewage treatment. In Singapore, JEC is undertaking its first environmental infrastructure projects there with the award of two swimming pool contracts. The first contract is for the Singapore Armed Forces Recreational Association’s S$52 million (US$41 million) clubhouse redevelopment at Toa Payoh, while the second is for the Far East Organization’s ‘Waterfront Gold’ residential development. In Hong Kong, JEC has completed a major contract to supply and install the water treatment plant at the Kennedy Town swimming pool for the MTR Corporation. In the area of sewage control and management, JEC has been awarded the contract to design and install the stoplogs, which are used to control water levels, for the Tuen Mun Western Trunk Sewerage project. JEC provided the water treatment plant for the new Kennedy Town swimming pool in Hong Kong. Wellcome Taiwan has opened the first two of its new concept ‘small’ stores. Former X-Market stores at Tai-Shen and Min-Xiang in New Taipei City have been transformed into the new small store format to focus Wellcome Taiwan’s new concept ‘small’ stores offer more convenience and choice for customers. on satisfying the daily needs of customers, in particular single people and working couples who are busy or have no facilities to cook at home. Among the many products and services that are not available in traditional supermarkets, the new stores offer ready-to-cook and readyto-eat food, and services such as a hot water facility, microwave, fax/ copy machine, taxi hire, on-line game cards, free Wi-Fi and a dining area. “We hope that these new concept stores will provide more convenience and choice for customers and become their preferred neighourhood store,” said Wellcome Taiwan Chief Executive Officer Simon Chuen. Jardine Motors Acquires New Businesses in the UK Jardine Motors has become the sixth largest dealer group in the United Kingdom by turnover following its purchase of the Wayside Group, a transaction that pushes its revenue above £1.2 billion (US$1.9 billion). The Wayside Group operates five Audi, six Volkswagen cars, two Volkswagen commercial, three Trade Parts operations, one BMW/MINI, two Toyota, one Skoda and one Seat businesses, with a 2010 turnover of £305 million (US$481 million). JLT Lixin Celebrates Fifth Anniversary “This acquisition is a major step forward in our strategic plan of growing the business in the UK and developing our relationships with existing franchise partners,” explained Jardine Motors Chief Executive Alun Jones. In addition, Jardine Motors has also acquired three additional Toyota and one Lexus business from Thorndale Investments. BMW/MINI Milton Keynes – one of the dealerships recently acquired by Jardine Motors. JLT Lixin raises a fifth anniversary toast ‘to more good years!’. JLT Lixin recently celebrated its fifth anniversary, an event attended by clients, insurers, JLT Lixin staff, Group Chief Executive Officer Dominic Burke, and senior management of JLT Asia. Since JLT Lixin was established in May 2006 as a joint venture between JLT and Guangdong Revenco, its revenue has increased fivefold, supported by the establishment of the Shanghai and Beijing offices in 2007. Speaking at the anniversary celebrations, which were held at Roosevelt House (The Bund 27), the former 20th Century headquarters of Jardine Matheson in Shanghai, Mr Burke highlighted how its business in China has grown in tandem with the rapid development of the Chinese economy and insurance broking market. “Given its comprehensive breadth of insurance products and services, its strong reputation as a global international broker with local market knowledge, and track record of satisfied clients, JLT Lixin is in prime position to make the most of business opportunities in China,” said Mr Burke. Leadership 11 Wellcome Taiwan Launches First New Concept Stores Jardine Schindler Brings PORT Technology to Southeast Asia Jardine Schindler launched ‘PORT Technology’, its groundbreaking elevator system, in Southeast Asia at a special event held in Ho Chi Minh City, Vietnam. PORT Technology represents the third generation of the destination dispatch control algorithm developed by Schindler. It follows Miconic 10, the industry’s original destination control system invented by Schindler and launched in 1992, and the 2003 Schindler ID, which enhanced security control and upgraded algorithms to improve building traffic flow. “Miconic 10 and Schindler ID were about the destination and moving people in an efficient manner,” said General Director Schindler Vietnam Ralph Ludwig. “With PORT Technology, it’s all about the seamless journey and a system which offsets many of the challenges found in today’s standard operating elevators.” Jardine Schindler has been operating in Vietnam since 1995 and has supplied over 1,500 elevators and escalators to the market there. THACO Launches First Hyundai Vehicles Manufactured in Vietnam Truong Hai Auto Corporation (THACO), in which Jardine Cycle & Carriage holds a 29% interest, has launched the first products resulting from its strategic partnership with Hyundai Motor Corporation to produce and assemble Hyundai commercial vehicles in Vietnam. Right: THACO Chairman Tran Ba Duong and Hyundai Vice Chairman Han Young Choi with one of the first Hyundai vehicles to be manufactured in Vietnam. At a ceremony held at THACO’s Chu Lai Automobile Production and Assembly Complex, the first THACO Hyundai trucks to be manufactured in Vietnam were introduced. “This was a very important event for THACO,” explained Chairman Tran Ba Duong. “We carried out research and development to ensure that the products would be well-suited to the conditions of Vietnam and produced and assembled the vehicles under strict processes in order to satisfy the global quality requirements of Hyundai.” THACO will also develop a network of showrooms and service workshops to provide sales and service to the global standards of Hyundai. 7-Eleven Hong Kong Introduces Own Coffee Brand 7-Eleven Hong Kong has further expanded the fast food segment of its business with the introduction of its own new high-quality house brew coffee brand – Daily Café. personally tasted over 100 cups of coffee. “We are advocating a totally new coffee culture to our customers and the feedback so far has been most encouraging.” Following extensive tastings and trials and visits to 7-Eleven stores in different countries to exchange best practices in coffee brewing techniques, Daily Café is now available in ten Hong Kong 7-Eleven stores. From left: Stefan Häfliger, New Technology Director, Jardine Schindler Group, Ralph Ludwig, General Director, Schindler Vietnam; and Rolf Schwerzmann, Head of Top Range Business, Jardine Schindler Group unveil the groundbreaking PORT Technology. “Daily Café’s concept is based on good quality and perfect taste at an affordable price,” explained 7-Eleven Hong Kong & Macau Sales & Food Services Development Director Winne Lau who, in her quest to select a suitable coffee machine, 7-Eleven’s new high-quality house brew coffee brand, Daily Café, is now available in ten of its stores. Jardine OneSolution (JOS) has extended its geographical reach in mainland China with the opening of three new offices. Strategically located in Tianjin, Suzhou and Changsha, the new offices will expand JOS’ coverage of northern, eastern and central regions and help it to support the growth of its customers in China’s second-tier cities. Since entering the mainland China market in 1995 where it has operated through offices in Beijing, Shanghai, Guangzhou and Shenzhen during the last decade, JOS has grown to become one of the region’s leading IT products services companies. Building on its representation of renowned IT brands, comprehensive service and support capabilities, and a customer portfolio spanning a wide spectrum of industry sectors, JOS has achieved a compound annual growth rate of over 40% in the past five years. “I am confident that the opening of these three new offices not only brings us closer to our major customers, but also puts JOS in a better position to broaden its customer base, especially among local enterprises,” said JOS China Managing Director Thomas Wan. Cycle & Carriage Marks Milestones with Mercedes-Benz Cycle & Carriage (C&C) has marked the 125th anniversary of the patenting of the first petrol engine-powered automobile by Carl Benz in 1886 and 60 years of successful retailing of Mercedes-Benz vehicles in Singapore with a gala dinner. Cycle & Carriage, then a small local company, was first awarded the franchise for Mercedes-Benz in Singapore and Malaysia in 1951 against competition from much larger foreign firms. Today the company is one of the leading motor distributors and dealers in Singapore including the exclusive dealer for Mercedes-Benz vehicles. “Our enduring partnership with Mercedes-Benz reflects both the strength and quality of the brand and Cycle & Carriage’s commitment to providing excellence at all levels of its service to customers,” said Group Motor Operations Chief Executive Officer Cheah Kim Teck. Cycle & Carriage has been celebrating 60 years of partnership with Mercedes-Benz. Over 250 guests attended the gala dinner, which was held in the Mercedes-Benz Center in Singapore, the first to be set up outside Europe when it opened in 2006. Tunas Group Expands its Network Astra’s Tunas Group has expanded its network by opening two new branches, one in Jakarta and the other in the city of Bengkulu. Tunas Toyota Radin Inten in Jakarta is a brand new Integrated Toyota outlet, which offers sales, aftersales, spare parts and body paint services under one roof. It also has a customer lounge in order to provide the best possible facilities and experience to Tunas Toyota customers. The new Tunas Daihatsu branch in Bengkulu offers customers Daihatsu global standards with a comfortable interior, touch technology and aftersales service. The new Tunas Daihatsu branch in Bengkulu offers customers Daihatsu global standards. Leadership 13 JOS Extends Geographical Presence in China Mandarin Oriental Hotel Group – A Global Luxury Brand FEATURE The opening of Mandarin Oriental, Paris at the end of June this year marked the latest stage in Mandarin Oriental Hotel Group’s (MOHG) global expansion strategy, giving it a presence in the heart of one of the world’s premier destinations and taking it a step closer to its goal of being recognized as the best luxury hotel group worldwide. During the last two decades, MOHG has grown its business from its original flagship properties in Asia – the acclaimed Mandarin Oriental, Hong Kong and Mandarin Oriental, Bangkok – to successfully operate in major business centres and key leisure destinations around the world, providing 21st century luxury with legendary service and oriental charm. Today MOHG, in which Jardine Strategic holds a 74% shareholding, is the award-winning owner and operator of some of the world’s most prestigious hotels, resorts and residences. These represent over 10,000 rooms in 27 countries, with 18 hotels in Asia, 12 in The Americas and 11 in Europe and the Middle East, either in operation or under development. In addition, MOHG operates or has under development, 12 Residences at Mandarin Oriental connected to its properties. “Our strategy remains focused on positioning Mandarin Oriental as one of the world’s leading luxury hotel brands. Our current portfolio reaches across four continents, and we remain firmly on track with our development plans,” said MOHG Chief Executive Edouard Ettedgui. Following on from its Paris debut, MOHG will launch new hotels in Guangzhou, Taipei and Milan in 2012, make its entry into Shanghai in 2013, and open the group’s first properties in the Middle East in 2014. New Residences at Mandarin Oriental are also planned for seven properties. “The spread of properties in key destinations around the world reflects the truly global nature of our business today,” said Mr Ettedgui. Mandarin Oriental Hotel Group’s flagship property, Mandarin Oriental, Hong Kong opened its doors in 1963. As MOHG has grown, it has developed a range of brand-defining services, which together combine to give the group’s properties their exceptional reputation. “Our Mission is to completely delight and satisfy our guests,” said Mr Ettedgui, “and we design and deliver our services and products to address their needs. We are committed to continually getting better to keep us the best.” MOHG’s success can be measured by the numerous prestigious awards bestowed upon its properties on a regular basis by influential publications and industry bodies. “Our long list of awards underscores Mandarin Oriental’s international recognition for outstanding service and quality management and celebrates our many core attributes,” said Mr Ettedgui. “They also reflect the quality of our people as well as our role as an innovative leader in the hotel industry.” Feature 15 Mandarin Oriental Hotel Group – A Global Luxury Brand Key Elements Define Success The success of MOHG’s properties around the world is defined by its ability to create hotels that offer excellence in architecture and design, innovative dining, holistic spas, customer-centric technology and the group’s core attribute of legendary service. From a design perspective, Mandarin Oriental hotels reflect the best of the place where they are located, but with oriental touches that are evocative of the group’s Far East heritage. A recent example of MOHG’s commitment to innovative design and architecture is Mandarin Oriental, Barcelona, which was recognized by Wallpaper Magazine as the ‘Best New Hotel Design’ in 2010. The prestigious Spanish designer Patricia Urquiola was commissioned to create the interior décor of the property, which was once the head office of a bank. The result is an intimate, luxurious hotel featuring a contemporary, yet elegant interior style, that is in keeping with the open, cosmopolitan character of this great Mediterranean city. This is combined with exacting attention to detail, which is reflective of the group’s oriental heritage. The entrance to the contemporary and elegant Mandarin Oriental, Barcelona. A Holistic Experience at ‘The Spa at Mandarin Oriental’ In developing its spa facilities over the last decade, MOHG has succeeded in creating another highly personalized product designed to offer guests a complete holistic experience. ‘The Spa at Mandarin Oriental’ has won international recognition and a raft of awards, most recently being voted ‘Best Spa Brand’ in SpaFinder’s ‘Reader’s Choice Awards’ for the third consecutive year. The group also has six Forbes ‘Five Star Spas’, more than any other hotel group in the world. A focus of ‘The Spa at Mandarin Oriental’ experience is the signature ‘Time Ritual’ which encourages guests to book time rather than specific treatments, so that services can be tailor-made. In addition, Mandarin Oriental offers the unique service of a spa concierge, to provide guests with a resource that understands their health issues and how best to address them therapeutically. “In this way, the spa also becomes a centre of learning and exchange as well as a haven for contemplation and discovery,” explained MOHG Director of Spa Andrew Gibson. Following on from the success of its spa services, MOHG launched its own signature spa therapies in 2009, together with a product and homecare range, so that guests can continue using specific blends at home. Each aromatherapy-based product, created by the award-winning company, Aromatherapy Associates, includes body and bath oils and a range of candles, that have been produced according to the oriental principles of five elements: wood, fire, earth, metal and water. Feature 17 Innovative Dining Brings Acclaim Mandarin Oriental hotels have long been renowned for their excellence and innovation in food and beverage and for creating memorable dining experiences. This is reflected in the 2011 Michelin Guide where no fewer than nine diverse MOHG restaurants around the world are honoured with a total of 11 Michelin stars. Increasingly, the Group is also being acknowledged for its partnerships with world-renowned chefs. These include Chef Heston Blumenthal, who has won international acclaim for his unique and multi-sensory approach to cooking. Blumenthal opened his first restaurant Dinner outside of the village of Bray, at Mandarin Oriental Hyde Park, London in January 2011. Prior to this, in Spring 2010 Mandarin Oriental Hyde Park introduced the award-winning cuisine of Lyon-born chef Daniel Boulud in the French-inspired bistro and wine bar, Bar Boulud, London. Other talented members of the Mandarin Oriental culinary team include Pierre Gagnaire who opened his first US restaurant at Mandarin Oriental, Las Vegas at the end of 2009 following his successful debut at Mandarin Oriental, Hong Kong and, in Barcelona, Chef Carme Ruscalleda who is the Director of the hotel’s signature restaurant, Moments, and currently one of only a few women in the world to be awarded a total of five Michelin stars. is at Mandarin Oriental, Paris where distinguished chef Thierry Marx has been appointed Executive Chef and Director of Food & Beverage and oversees the hotel’s gastronomic restaurant, Sur Mesure par Thierry Marx.” In Hong Kong, The Landmark Mandarin Oriental’s two-star Michelin restaurant, Amber, which features the creative talent of Chef Richard Ekkebus, was voted one of the top 50 restaurants in the world, in the prestigious San Pellegrino 2011 annual listing. “With the opening of each new hotel we have the opportunity to offer guests the finest and most exciting dining experiences available in the hotel industry today,” said MOHG Corporate Director of Food & Beverage David Nicholls. “The latest chapter The interior of Dinner by Heston Blumenthal at Mandarin Oriental Hyde Park, London. Guest-Centred Technology Enhances Stay Guest-centred technology has always been a prime feature of Mandarin Oriental hotels and the group continues to lead the hospitality industry’s digital revolution. Recent technological advances include the launch of ‘MO Hotels’, a travel application available in the iTunes App Store, which offers travellers the ability to make or modify ‘real-time’ reservations, review detailed hotel information, explore destination guides and more. MOHG continues to invest in the most advanced technology. Both in-room and throughout its hotels, MOHG has invested in the most advanced technology available to give guests connectivity, while at the same time making it highly personalized and easy to use. One of the best examples can be found at Mandarin Oriental, New York, which offers a host of guest personalized features such as interconnected messaging services, Cisco VOIP phones with enhanced capabilities and in-room conference call capabilities. The rooms also include home theatrestyle entertainment units with surround sound speakers and an extensive digital library of film and TV programmes. “We aim to provide technology that is both efficient and seamless, and which serves to enhance a guest’s stay,” said MOHG Chief Information Officer Monika Nerger. Legendary Service Underpinning everything that Mandarin Oriental hotels do is their legendary service, delivered in a discreet and flawless manner and designed to exceed guests’ expectations on a daily basis. effective staff training programmes. In addition, MOHG hotels are regularly benchmarked by external parties to ensure that they continue to excel in all areas of operation. “One of the biggest challenges affecting our industry is attracting, training and retaining good staff, who are able to deliver the luxury standards of service that our guests expect,” said MOHG Director of Human Resources Paul Clark. “This is why it is so important for us to have effective training programmes, recruitment drives and succession plans in place.” Attention to detail such as noting food and drink preferences to creating innovative turn down amenities and booking restaurants, guarantee that guests are made to feel special from the moment they enter a Mandarin Oriental property. Ensuring that these high standards are maintained consistently across four continents and over 10,500 employees requires rigorous and The group is renowned for its award-winning legendary service ethic. Global Advertising Campaign Continues to Gather Fans More than a decade after it was first launched, Mandarin Oriental’s multi-million US dollar global print advertising campaign, ‘She’s/He’s a Fan’, continues to gather ‘fans’ from around the world. Mary McCartney is the official photographer of the campaign, which connects the group’s well-recognized symbol – the fan – with international celebrities who regularly stay at the hotels and are true fans of Mandarin Oriental. Currently there are 23 ‘fans’ endorsing the Mandarin Oriental brand including the three most recent – American actor, director, screenwriter and producer Kevin Spacey, French footwear designer Christian Louboutin and French actress Sophie Marceau. French actress Sophie Marceau is a recent addition to Mandarin Oriental’s ‘fan’ advertising campaign. Unique Homes at The Residences at Mandarin Oriental The Residences at Mandarin Oriental offer owners both the comforts of a private home combined with the facilities and legendary service of Mandarin Oriental, as well as exclusive resident-only services and amenities. There are currently five Residences at Mandarin Oriental located in New York, Boston, Las Vegas, London and Macau with seven more planned alongside Mandarin Oriental hotels in Abu Dhabi, Costa Rica, Dellis Cay, Grand Cayman, Marbella, St Kitts and Taipei. “The Residences at Mandarin Oriental are a natural extension of our brand. The opportunities that are forthcoming show the growing acceptance and increasing appeal of the brand to owners and developers worldwide,” said Mr Ettedgui. Feature 19 Future Development Takes Brand into New Areas In spite of the global downturn, Mandarin Oriental remains in a strong financial position and has continued its expansion strategy with 14 properties currently under development. The group currently operates close to 7,700 rooms in 27 hotels around the world. In 2012, MOHG is on track to open new hotels in Guangzhou, Taipei and Milan. The following year MOHG will further extend its presence in mainland China with its entry into Shanghai with a new luxury hotel currently under development in Pudong. The property will feature 362 rooms and 210 Residences at Mandarin Oriental. In Beijing, the group will also manage a luxury 241-room hotel as part of the CCTV project, once construction is fully completed by the developers. “We are currently focusing on positioning our brand in the key cities of Beijing, Guangzhou and Shanghai, and are open to reviewing further development opportunities on the mainland,” said Mr Ettedgui. In 2014 the group will make its first entry into the important Middle East market. Mandarin Oriental, Abu Dhabi will feature 195 rooms and 50 Residences at Mandarin Oriental, while Mandarin Oriental, Doha will have 160 rooms and a further 95 serviced apartments. Mandarin Oriental Pudong, Shanghai is scheduled to open in 2013. MOHG is also expanding in The Americas, where four new projects are currently under development – Mandarin Oriental Dellis Cay, Turks and Caicos, Mandarin Oriental, Grand Cayman, Mandarin Oriental, St Kitts in the British West Indies and Mandarin Oriental, Costa Rica. Across Europe and into Russia too, Mandarin Oriental is extending its luxury brand. In addition to Mandarin Oriental, Milan, hotels are under development in Marbella and Moscow. MOHG is also planning its first property in the Indian Ocean with hideaway resort Mandarin Oriental, Maldives, which is being developed on its own pristine, private island and will feature 114 stand-alone villas, including 20 water villas and four presidential villas. “MOHG remains focused on becoming the world’s best luxury hotel group with a brand that is relevant to guests who are prepared to pay a premium for luxury services that are meaningful and of value,” explained Mr Ettedgui. “While global economic conditions remain uncertain, MOHG will continue to benefit from the strengthening market position of its hotels, its increasing brand recognition and its growing portfolio of award winning properties.” Mandarin Oriental, Maldives is being developed on its own exclusive island. International Recognition for Gammon Expertise Performance Performance 21 International Recognition for Gammon Expertise Gammon Wins Prestigious Award for Mole Project Gammon’s innovative solution to an engineering challenge in Singapore has received international recognition. At the Ground Engineering Awards 2011, which were held in London and attended by over 350 leaders in the geotechnical engineering industry, Gammon was named winner of the prestigious ‘International Project of the Year’ award, together with a commendation in the category of ‘Technical Excellence’ for the Mole project in Singapore. This involved the removal of a buried seawall at Marina Bay South. Gammon subsidiary Lambeth came up with a design solution, which ingeniously utilized the forces of natural seawater as a stabilizing component during the excavation. The project was also engineered to re-use 20,000 tons of steel, thereby saving significant material costs and time. The successful excavation of the Mole led to Gammon being awarded the second phase of the even bigger ‘Mole 2’ project. Gammon’s Kai Tak Development Foundations team with its 2010 Hong Kong Construction Association Environmental Award. “This award is a testament to Gammon’s world-class management and technical competence,” said Gammon Construction Director John Clark. Environmental Award from the Hong Kong Construction Association in recognition of its concerted efforts in achieving environmental excellence. Innovative Solutions Achieve Environmental Excellence The team developed and successfully applied an innovative method to treat and reuse soft marine mud for backfilling by mixing the material with premixed cement and insitu granular material. The technique was inexpensive, highly productive on site, and environmentally friendly. The method has subsequently become the blueprint for other similar public housing development projects in Hong Kong. Meanwhile in Hong Kong, Gammon’s Kai Tak housing foundations project team won the 2010 Environmental Paper Award from the Hong Kong Institute of Engineers’ Environmental Division for its paper on ‘Green Treatment of Marine Mud for Insitu Backfilling’. The team also received a 2010 Hong Kong Construction Guardian Singapore Clinches Pharmacist Competition Guardian Singapore pre-registration pharmacists, Denise Wilma Adrian and Aaron Chew, clinched first prize in the ‘Pre-registration Pharmacist Project Competition 2011’ organized by the Pharmaceutical Society of Singapore. The competition forms part of a mandatory requirement for preregistration pharmacists to complete a project within the first nine to 12 months of their training. Judging criteria included presentation skills, the project’s objectiveness/ ability to address the stated issue, and its originality. The Guardian team won the community category, which includes retail and polyclinic pharmacies, with their project on the frequency and barriers of diabetes monitoring among patients. Guardian Singapore pharmacists are helping to raise the standards of healthcare in the community. Top 50 Spot for Mandarin Oriental Amber Restaurant Richard Ekkebus, Director of Culinary Operations and Food & Beverage at The Landmark Mandarin Oriental, Hong Kong is celebrating the success of the hotel’s Amber restaurant. Amber restaurant at The Landmark Mandarin Oriental, Hong Kong has become the only restaurant in Hong Kong to achieve a ranking in the 2011 San Pellegrino ‘World’s 50 Best Restaurants’ Awards organized by Restaurant Magazine in the United Kingdom, and the first to have appeared on the list since 2005. The 60-seat Amber, which serves the best of modern French cuisine in a stylish and sophisticated setting, was voted into 37th spot in the top 50 by a distinguished panel of over 800 international leaders in the industry, including highly regarded food critics, chefs, restaurateurs and gourmands. “Making our way into the top 50 was only possible with the dedication of our entire culinary team. It is their professionalism, innovation and passion that drive our exceptional quality,” explained Amber’s twoMichelin-star chef, Richard Ekkebus. World’s Best Service at Mandarin Oriental Dhara Dhevi, Chiang Mai Readers of prestigious publication Travel + Leisure, US have awarded Mandarin Oriental Dhara Dhevi, Chiang Mai the No. 1 position worldwide for service in the annual ‘World’s Best Awards’ survey. The hotel gained top honours for best service in both the ‘Overall’ and ‘Asia’ categories. “We are extremely proud of this recognition from the readers of Travel + Leisure,” said Mandarin Oriental Dhara Dhevi, Chiang Mai General Manager Greg Liddell. “This award is testament to our daily mission of providing the legendary service that Mandarin Oriental Hotel Group is renowned for, and to the commitment and passion of our colleagues to create lifelong memories for our guests.” Mandarin Oriental Dhara Dhevi, Chiang Mai has gained a top award for best service. Best Performance from JOS Jardine OneSolution (JOS) has again received recognition for its outstanding achievements from its long-term partner Symantec. A Platinum partner of the security software manufacturer, JOS won three best performing partner awards in 2010, namely ‘Best Security’, ‘Best Emerging Product’ and ‘Best Commercial’ reseller. During 2010, JOS contributed the most revenue to Symantec in terms of security products compared to other Symantec business partners in Hong Kong. Thanks to a drive to expand the medium to small enterprise segment, JOS’ year-on-year growth revenue and the number of new From left: The Jardine OneSolution team of Alistair Lam, Product Symantec licenses Manager; Yvonne Chan, Business Manager; Ivan Ip, General Manager; issued to clients also Mandy Chan, Head of Product Management, Desktop & Personal Products Group; Clement Chiu, Senior Manager, Technical Consulting; increased by 59% and and Vincent Chan, Senior Manager pose with the best performing awards from Symantec. 61% respectively. Pizza Hut Hong Kong’s ‘Customer Mania’ corporate culture and innovative thinking has led to it carrying off four more awards in 2011. the Top 10 award in the ‘2011 Hong Kong Marketing Smartphone Apps Popularity Contest’, which was voted for by the public. Pizza Hut Hong Kong won the Restaurant Category in the ‘Yahoo! Emotive Brand Awards’, which aim to recognize companies with good brand value and a strong emotional bond with their customers. Some 2.5 million votes were received in the competition and according to Yahoo! Hong Kong, Pizza Hut’s success proves the brand’s popularity with Hong Kong people. Following the launch of its highly successful iPhone App in 2010, Pizza Hut Hong Kong scored another hit with The success of Pizza Hut Hong Kong’s ‘Cheesy 6’ advertising campaign won it an ‘EFFIE Awards’ Merit Certificate. Meanwhile, the company’s ‘Cheesy 6’ advertising campaign, which was launched in February 2011, has made an impressive impact as reflected in its accolade of an ‘EFFIE Awards’ Merit Certificate. Regarded as the most significant award in the advertising/marketing industry, the Effie award is testament to the campaign’s marketing effectiveness and success in reaching its target customers and expanding market share. Finally, Pizza Hut Hong Kong Marketing Director Richard Leong has also been recognized by Yum! with the ‘Pizza Hut Brand Builder Award’. He was one of only two recipients this year and received the award for his efforts in invigorating the Pizza Hut brand and generating new business growth ideas. Employment Opportunities Accolade for Pizza Hut and KFC in Taiwan Pizza Hut and KFC in Taiwan have been recognized for their efforts in creating employment opportunities with awards from the Ministry of Economic Affairs and Council of Labor Affairs of the Executive Branch of the Government of the Republic of China. Pizza Hut and KFC Taiwan were among only 26 enterprises nominated for the ‘Contribution Award of Creating Employment Opportunities’. “It is a great honour to receive this award, which provides Pizza Hut Taiwan with a great opportunity to promote its image as an excellent employer,” said Pizza Hut Taiwan Chief Executive Officer Linda Hsu. Meanwhile, since Jardines’ acquisition of KFC Taiwan last year, the business has invested aggressively to attract younger consumers with more than 50 renovations to date out of 121 stores. In addition, it has upgraded menu offerings and customer service while extending its community responsibilities. “This award reflects some of those efforts,” said KFC Taiwan Chief Executive Officer Ricky Wong. KFC Taiwan has been recognized for its efforts in creating employment opportunities. Performance 23 Pizza Hut Hong Kong Carries Off Four More Awards 7-Eleven Singapore Celebrates Leading Brands 7-Eleven Singapore has recognized the efforts and contributions from its business partners at the presentation ceremony for its Leading Brands Awards 2011, which was held on 7-Eleven Day, 11th July 2011. 7-Eleven Singapore’s leading brands competed in 29 categories with the inaugural ‘Top Leading Brand’ award going to Tiger Beer, Asia Pacific Breweries Pte Ltd. “Winning a 7-Eleven Leading Brands award means a lot to our business partners as it also means being a leader in the convenience sector,” said Singapore 7-Eleven Chief Executive Officer Richard Seah who, along with Merchandise Director Lilienne Chong, shared his views with Leading Brands participants on the future direction and merchandising focus of 7-Eleven Singapore. From left: 7-Eleven Singapore Operations Director Maheswaran SOT Thambunathan; Business Development & Marketing Manager Tan Siew Shuen; Chief Executive Officer Richard Seah; and Merchandise Director Lilienne Chong blow out the candles on the cake to celebrate 7-Eleven Day. Insurance Industry Plaudits for JLT JLT Achieves Second Place in Top 50 Right: JLT Group Strategy Director James Twinning receives the Insurance Broker of the Year award from former England rugby star Will Greenwood. Jardine Lloyd Thompson’s (JLT) achievements over the last year have won it the highest plaudits from the insurance industry. JLT moved up from fourth into second place in the Insurance Times 2011 Top 50 Broker list, overturning the order of the top three for the first time since 2008. JLT achieved growth of 17% despite the tough economic environment. This was described by IMAS, which provides the data for the annual survey, as a ‘great achievement’. Profits after tax grew by almost one-third last year to £90.7 million (US$142 million) for the full year of 2010 compared with £70.9 million (US$111 million) in 2009. JLT Chief Executive Dominic Burke said that further growth would come, particularly in the group’s specialty and reinsurance businesses, as well as its underwriting agency Thistle. JLT Named Insurance Broker of the Year JLT has also been named Insurance Broker of the Year at the London Market Awards 2011, which were organized by the key industry publication, Reactions. The awards highlight top-class performance and innovation within the global insurance industry and recognize the best insurance, reinsurance and broking teams in the London insurance market. They are voted for by market and industry peers and are known for their rigorous and independent judging process and for acknowledging the insurance industry’s leaders. “We are extremely pleased to win this award,” said JLT Group Strategy Director James Twinning. “The awards help firms to differentiate themselves from competitors and contribute to raising standards across the industry.” Astra has won a tranche of awards, which reflect its vision and determination to be the best possible company. In the annual FinanceAsia awards, Astra achieved first place in the ‘Best Managed Company’, ‘Best Corporate Governance’ and ‘Best Investor Relations’ categories and third place in the ‘Best Corporate Social Responsibility’ and ‘Most Committed to a Strong Dividend’ categories. In addition Astra President Director Prijono Sugiarto and Director Simon Collier Dixon were named ‘Best CEO’ and ‘Best CFO’ respectively. A further accolade came from Investor Magazine when Astra received the award for ‘Best Public Company in the Miscellaneous Industry Sector’ of companies listed on the Indonesia Stock Exchange. The awards are intended to stimulate an increase in the performance of publicly listed companies, and protection to investors, and to encourage activities in Indonesia’s capital market. Centre: Astra President Director Prijono Sugiarto with his ‘Best CEO’ award from FinanceAsia flanked by (left) Credit Suisse Managing Director Charles Gunawan and (right) FinanceAsia publisher Jonathan Hirst. Guardian Singapore Marks Achievements at Health & Beauty Awards Guardian Singapore celebrated its achievements with its partners in the health and beauty industry at its annual Health & Beauty Awards. Guardian presented 36 ‘Product Category’ winners and 62 ‘Preferred Choice’ awards for products ranging from facial, cosmetics and body care to over-the-counter items. A new category was also introduced – ‘Best Promoter Award’ – to recognize those with good product knowledge who had ‘gone the extra mile’ to delight Guardian customers. Maxim’s Quality and Excellence Reflected in Awards Three Maxim’s Group restaurant brands in Hong Kong – Maxim’s Chinese Restaurant, Maxim’s Palace at the City Hall and Peking Garden – have been voted into the top ten favourites of mainland China consumers in the ‘Quality Tourism Services (QTS) Merchant Awards’. Maxim’s Group was the only group to attain three awards under this category and also attained the greatest number of accolades in the overall awards, which were voted for online. Over ten brands of Maxim’s were accredited with the ‘10-year QTS Merchant Recognition’ tag. These included Hoi Yat Heen, Kiku and Café Landmark, which were presented with Silver Awards and Maxim’s Palace at the City Hall, Shanghai Jade and Hunan Garden, which were accredited with Merit Awards. Meanwhile, Maxim’s Cakes’ Ngou Cheung Store Management Development Programme won the ‘Excellence Award 2011’ in the ‘Excellence in Training and Development’ awards organized by the Hong Kong Management Association. The one-year training programme successfully empowered supervisory staff to change for the best in their professional and personal lives. Customers were involved too in voting for their favourite brands and the results in the ‘Best of the Best Brand’ category saw L’Oreal win the award for ‘Beauty’, Dettol for ‘Personal Care’ and Brand’s for ‘Health’. Guardian Singapore’s Health & Beauty Awards celebrate its achievements with its partners in the industry. The aim of the awards is to encapsulate Guardian Singapore’s values, help it to build supplier relationships, nurture a learning culture and celebrate success. Right: Maxim’s Cakes Division Manager Molly Lam receives the ‘Excellence Award 2011’ from Hong Kong Management Association Council Member James Thompson. Performance 25 Astra is the Best MINDSET Fun Day Promotes Mental Health Awareness SPIRIT Spirit 27 On Mental Health from the Jardine Ambassadors MINDSET Fun Day Promotes Mental Health Awareness Over 150 Jardine Matheson Group employees, together with 89 service users from six NGOs, participated in the MINDSET Fun Day to celebrate MINDSET’s ninth anniversary at Wu Kai Sha Youth Village in Hong Kong. Chung hospitals, Baptist Oi Kwan Social Service, the Mental Health Association of Hong Kong, New Life Psychiatric Rehabilitation Association and the Phoenix Clubhouse teamed up to participate in various games. This annual event also aims to promote mental health awareness among Jardines employees and the integration of the rehabilitated back into society. Jardines staff and service users from Castle Peak and Kwai In one of the games, participants were asked to display their team spirit on stage by creating a short performance to introduce their teams and team slogans. The staff and service users demonstrated their creativity and sense of humour in their performances, winning wide applause. “Jardines employees’ active involvement in this event reflects the Group’s relentless efforts to promote awareness of mental health issues. I hope all participants will work together to remove the social stigma associated with people suffering from mental illness,” said MINDSET Governor and Jardine Matheson Group Finance Director James Riley. Latest Jardine Ambassadors Assume their Roles as Mental Health Advocates At the launch of the latest Jardine Ambassadors Programme to promote mental wellbeing in the community, 39 new Ambassadors were inaugurated watched by over 100 guests including senior management and executives from various Jardine Matheson Group companies. MINDSET Chairman and Group Managing Director Anthony Nightingale also presented certificates to the Jardine Ambassadors who had served their two-year tenure as mental health advocates. The new Ambassadors subsequently attended a two-day orientation camp together with current Ambassadors who are serving their second year of service. On the first day, team building exercises and the sharing of experiences provided the new Ambassadors with the opportunity to gain a better understanding of their roles. On the second day, Kwai Chung Hospital Senior Clinical Psychologist Dr Raymond Chan conducted an educational session on basic mental health knowledge for the new Ambassadors and also explained the skills and techniques required for working with secondary school students participating in the Health in Mind Programme. Centre: Jardine Matheson Group Managing Director Anthony Nightingale with the newest Ambassadors to join the Jardine Ambassadors Programme to promote mental wellbeing within the community. Mini-MINDSET Days Create Summer Fun for Service Users A series of Mini-MINDSET Days organized by Jardine Ambassadors from various Group companies, along with partnering agencies, created a range of fun summer activities for service users. Among those participating were staff members from Gammon, Mandarin Oriental Hotel Group (MOHG), Jardine Lloyd Thompson (JLT), Jardine OneSolution (JOS), Jardine Shipping Services (JSS), Hongkong Land, Jardine Schindler, Pizza Hut, Jardine Engineering Corporation (JEC) and Jardine Matheson (JM). Organic Time at Farm Thirty service users from Phoenix Clubhouse accompanied by Jardine Ambassadors and staff from JEC and JM began a visit to Kadoorie Farm and Botanic Garden in the New Territories with an organic vegetarian lunch. This was followed by a treasure hunt involving teams of staff and service users visiting 12 locations in the garden, where they learnt about the different agricultural industries in Hong Kong. Making Pizza Gammon staff demonstrate the best way to hit the pins to service users from Baptist Oi Kwan Social Service. A briefing on the history of pizza and Pizza Hut followed by a session where teams created their own pizzas with ingredients of their choice was the fun activity for 30 staff from Pizza Hut, Hongkong Land and Jardine Schindler, accompanied by 24 service users from the Mental Health Association of Hong Kong. The event took place at the Diamond Hill outlet of Pizza Hut where participants also tucked into their pizzas for lunch. Bowling with Fun Bowling skills were to the fore when service users from Baptist Oi Kwan Social Service joined staff and Jardine Ambassadors from Gammon at Hong Kong Bowling City in Kowloon Bay. Participants were divided into four teams to compete in matches followed by karaoke singing and a buffet lunch. Each person also received a framed group photo to remind them of the fun event. Sailing Under the Sun On a breezy and sunny day, 35 MOHG and JLT staff, along with service users from the ALOHA Integrated Community Centre for Mental Wellness of the Richmond Fellowship of Hong Kong, enjoyed a boat trip around Victoria Harbour. The outing started with ice-breaking games, followed by a buffet lunch and karaoke singing. Social inclusion and acceptance were promoted through teamwork and communication during the visit to Kadoorie Farm and Botanic Garden for service users from Phoenix Clubhouse. Making their own pizzas was a highlight of the visit to Pizza Hut Diamond Hill for service users from the Mental Health Association of Hong Kong. Outdoor Games Break Down Barriers Despite the hoisting of Typhoon signal number three, Jardine Ambassadors and volunteers from JOS and JSS joined members of Castle Peak Hospital for an outdoor games session at Yuen Long Taitong Lychee Valley. Following a series of ice-breaking games, participants enjoyed a barbecue lunch and the opportunity to chat with each other. “The activity offered me an opportunity to make new friends and to learn about information technology and shipping,” said Castle Peak Hospital service user Kam Choi. Spirit 29 MINDSET Singapore Makes its Presence Felt MINDSET Singapore, which was established in early 2011, has been making its presence felt through its recent activities. At the joint Dairy Farm annual country promotion, ‘Wheels of Harmony Nurturing a Community for a Green Tomorrow’ held in Jurong Central Park, MINDSET Education and Social Enterprise teams set up a booth and handed out pamphlets relating to adult and youth mental health issues. “We managed to engage those who dropped by the booth by explaining what MINDSET is about and sharing relevant mental health issues,” explained Jardine Ambassador Melvis Tan. Singapore Jardine Ambassador Jocelyn Chan demonstrates a children’s game at the Dairy Farm annual country promotion held in Jurong Central Park. In another activity, the MINDSET Singapore Social Enterprise team organized a roadshow at CityLink Mall to showcase the artistic talents of club members of Hougang and Simei care centres, as well as to demonstrate to the public that recovering patients are also capable people. Finale of 2009-2011 Health in Mind Programme The completion of the 2009-11 Health in Mind Programme was marked with a Finale, which was held at the Rotunda, Exchange Square, Central and attended by over 200 participants, including students graduating from the two-year programme and representatives from non-governmental organizations. Eighteen students were rewarded with a summer traineeship at various Jardine Matheson Group businesses in The event was an opportunity for students to share their experiences and discuss the changes in their attitudes towards people recovering from mental illness. recognition of their particular efforts in promoting mental wellness to their peers, teachers and parents. Performing at the finale of the Health in Mind Programme 2009-11, students demonstrate through drama some of the mental health knowledge they have acquired. Drama from Health in Mind Students Health in Mind students from nine Hong Kong schools staged dramas created by themselves to highlight issues of drug abuse and eating disorders in the annual Health in Mind Programme drama competition. By applying the mental health knowledge and experience that they had acquired through workshops and volunteer services, the students’ plays also demonstrated to their audience the right approach in dealing with people suffering or recovering from mental illness. Competition was keen, but the top award went to ELCHK Lutheran Secondary School for its performance about the recovery of a youngster from an anxiety disorder. A battle between an angel and the devil determine a teenager’s resilience to drugs in one of the entries in the annual Health in Mind drama competition. Family Emphasis at 2011 Cold Storage Kids Run Right: Competitors set off in the 2011 Cold Storage Kids Run, which this year emphasized the family element with the introduction of the new ‘Happy Green Family Chase’. This aimed to promote family bonding by requiring a parent and child team to cross the finish line together. A more challenging route of 1.6 kilometres for the competitive categories in the Kids Run was also added to the event, which took place at the Padang in Singapore. The Cold Storage Kids Run was Asia’s first running event for children when it was first held four years ago. The annual event gives parents the chance to inculcate the right habits of healthy eating and living in their children, and the importance of keeping fit from a young age. Guardian Malaysia Supports ‘Greening the Future’ Guardian Malaysia has supported a ‘Greening The Future’ programme run by Yayasan Anak Warisan Alam (YAWA) or Children’s Environmental Heritage Foundation, a non-profit environmental organization that educates and encourages the young to open their hearts and minds to the beauty of nature. In conjunction with World Environment Day celebrated in June, Guardian presented a cheque for RM30,000 to YAWA. The funds were raised from the ‘No Plastic Bag Day’ campaign introduced in Selangor last year and will be used to help upgrade the facilities at the Selangor Forestry Department’s 220-hectare Sungai Buluh Training and Development centre. As a tribute to Guardian’s contribution, the centre’s hall is to be named ‘YAWA Forest Guardian’. The Guardian Malaysia team with the 100 seedlings which they planted in support of ‘Greening the Future’. Following the cheque presentation, 20 Guardian employees and YAWA children planted almost 100 seedlings, which will be looked after by the Forestry Department until fully grown and then transferred to nearby forests. IKEA Taiwan Supports Exhibition of Historic Dolls IKEA Taiwan has lent its support to an exhibition of historic dolls by using children’s furniture and decorations to create a ‘dream’ room for children and their dolls. The ‘Story of Dolls’, which is being held in the Taipei Story House, an historic building in the city centre, is a display of dolls from the Japanese colonial period to the present and reflects the economic changes and fashion trends of different eras in Taiwan. IKEA Taiwan chose its HENSVIK series of children’s furniture to tie in with the traditional English style of the exhibition’s location. At the end of the four month-long event, IKEA Taiwan will donate all the dolls it has supplied to the children of the Downs Syndrome Foundation and the furniture to the Sweet Home Foundation for people in need. The ‘dream’ room for children and their dolls created by IKEA Taiwan. The 2011 Jardine Foundation Scholars have commenced their studies in the United Kingdom. In total, there are eight undergraduate and two postgraduate scholars. Of the undergraduate scholars, Andrew Kwok from Hong Kong and Li Yang from Shanghai have gone up to Downing, Cambridge to read medicine and mathematics, respectively. Also at Cambridge, Wu Jieyuan from Suzhou in mainland China will read Engineering at Trinity and Manini Kant and Dipsikha Thakur, both from India, will read Law at Magdalene and Classics at Peterhouse, respectively. Queen’s and Hoang Huu Phuc from Vietnam who will read Biochemistry at Exeter. Meanwhile the two postgraduate scholars, Vishnu Juwono and Adhyani Wirajuda, who are both from Indonesia, will read International History at the London School of Economics, and Critical Media & Cultural Studies at the School of Oriental and African Studies, respectively. Jardine Scholars Li Yang from Shanghai and (right) Andrew Kwok from Hong Kong with Group Managing Director Anthony Nightingale. Three scholars have gone up to Oxford. They are David Chan from Singapore who will read Economics and Management at Trinity, Rita Teo from Malaysia who will read Law at Jardine Scholar David Chan from Singapore receives his scholarship certificate from Group Chairman Sir Henry Keswick. Postgraduate Jardine Scholar Vishnu Juwono from Indonesia receives his scholarship certificate from Group Corporate Secretary Neil McNamara. Jardine Scholar Rita Teo from Malaysia receives her scholarship certificate from Jardine Matheson (Thailand) Country Chairman Dr Pisit Leeahtam. Jardine Scholar Manini Kant from India receives her scholarship certificate from Jardine Matheson (Thailand) Country Chairman Dr Pisit Leeahtam. Jardine Scholar Hoang Huu Phuc from Vietnam with Jardine Matheson (Vietnam) Country Chairman Alain Cany. Astra Relief Aids Mount Merapi Disaster Victims Following the eruption of the Mount Merapi volcano in Indonesia in October last year, Astra has donated a relief aid package totaling Rp5.3 billion (US$601,248), which is being used to help victims of the disaster rebuild their villages and their lives. In the hamlet of Krapyak, Seloboro Village in Central Java, stone-laying ceremonies have been held for the reconstruction of education and health care centres as well as a laboratory for the public vocational high school. On that occasion, Astra also handed over 30 public bath units to the local administration, which had been built in the areas of Magelang, Sleman and Klaten regencies and in the city of Yogyakarta. Spirit 31 Latest Jardine Foundation Scholars Commence Studies China Management Trainee Scheme Takes Off PEOPLE The China Management Trainee Scheme (CMTS), which was set up to meet the increasing demand from Group companies for suitable managers to one day lead their mainland China businesses, is taking off. Ten new recruits, all of them educated overseas, will be shortly joining the next intake. This follows on from the six trainees who were recruited for the inaugural intake this year. Based on the successful Jardine Executive Trainee Scheme (JETS), which is now 12 years old, the CMTS is a two-year programme, with the first 12 months based in Hong Kong, and the subsequent years spent in mainland China. Unlike their JETS counterparts, the CMTS trainees need only to complete Level 1 of the CIMA (Chartered Institute of Management Accountants) qualification, but have the option to undertake the full course if they so choose. “The CMTS scheme is a uniquely structured programme that provides me with the opportunity to develop my career in China,” said inaugural trainee Henry Xu. “One of my favourite aspects is job rotation, which allows trainees to take on different roles in a business unit. This opens my mind to the various facets of the assigned business.” During their first year in Hong Kong, the CMTS trainees join their JETS counterparts in the various leadership development programmes, which include several challenging outdoor modules. For the inaugural CMTS trainees, this recently involved being divided into teams of four with their JETS counterparts and, accompanied by coaches drawn from senior executives within the Group, navigating through the hills using map and compass. Hazards encountered enroute included leechinfected streams, thick unforgiving jungle, and the odd venomous snake! Anniversary Celebrations at Astra Astra has celebrated the 54th anniversary of its foundation under the theme ‘Innovating for the Nation’. The main event, which Left: Astra President Director Prijono Sugiarto officially opens the 27th InnovAstra accompanied by Chief of Corporate Organization & Human Capital Development FX Sri Martono. was held in Jakarta, was launched with a futuristic dance performance followed by a speech from Astra President Director Prijono Sugiarto and a musical drama depicting the journey and history of Astra from its establishment in 1957 until the present day. A range of other events held to coincide with the anniversary included the opening of the 27th InnovAstra, a competition intended to develop innovation culture across the Astra Group; Astra Arts Creation, which encourages creativity through different art forms; and ‘Gowes Bareng Grup Astra’ when over 635 participants came together to cycle together on a route around Jakarta. Cycle & Carriage Singapore Refreshes Core Values with Branding Campaign Cycle & Carriage staff in Singapore demonstrate the meaning of seamless teamwork and that their individual roles create a significant effect on the company as a whole. Cycle & Carriage (C&C) in Singapore is refreshing its core values with the launch of a new internal branding campaign under the banner ‘We Drive First Class’. The key message of the campaign is to apply ‘First Class’ philosophy in everything that C&C does and together build the C&C brand from inside out. “This branding initiative is a significant milestone and is crucial to eventually driving business performance and profitability as well as staff retention,” explained Group Motor Operations Chief Executive Officer Cheah Kim Teck. C&C’s new mission is articulated in four ‘pillars’ – First Class in Relationship, Expertise, Product and Teamwork. New core values of Care, Excellence, Respect and Teamwork also reflect the ‘first class’ philosophy. “Our mission is to work as one team, with our customers at the centre,” said C&C Chief Operating Officer Eric Chan. People 33 China Management Trainee Scheme Takes Off Key Appointments for Gammon Chief Executive Left: Gammon Chief Executive Thomas Ho is congratulated on his appointments as Chairman of the Climate Change Business Forum Executive Council and President of the Hong Kong Construction Association (HKCA) by (centre) HKSAR Chief Executive Donald Tsang and (right) HKCA Permanent Supervisor Ho Sai Chu. The key appointments reflect Mr Ho’s contribution to the business community and his commitment to long-term green and sustainable growth in the construction industry. JSA Celebrates 60th Anniversary Jardine Sports Association (JSA) has celebrated its 60th anniversary with a gala buffet dinner attended by more than 1,500 people from Group companies and business units. backed by the Hong Kong Southern District Orchestra conducted by renowned conductor Lu Xiaoyi. Party games and a lucky draw also proved a great success. Current JSA Chairman James Riley said that the fact that JSA had existed so successfully for 60 years was a reflection of the solid foundation laid by his predecessors. The celebrations included performances from various staff units and guest artistes, as well as entertainment from the JSA choir Guests of honour, former JSA Chairman Robert Kwok, former Vice-Chairman Eleanor Ling and Stanley Ko, received a particularly warm welcome. “And tonight’s performance by the 100-strong JSA choir is a good demonstration of our strength and vitality today,” he concluded. Hactl Celebrates 35th Anniversary with Customers To mark its 35th anniversary this year, Hong Kong Air Cargo Terminals Limited (Hactl) organized a Customer Appreciation Dinner, which was attended by customers, partners, board members, and Hactl veterans with more than 35 years of service with the company. Highlighting the 35th Anniversary theme, ‘Together Shaping the Future’, the event was an opportunity for Hactl to thank its customers for their support and enjoy their company. Following a welcome address from Hactl Chairman Adam Keswick, guests were treated to after dinner performances by members of the Hong Kong Chinese Orchestra, young musicians from the Hong Kong Children’s Chinese Orchestra and rising pop sensations Mag Lam and Hubert Wu. The Hactl management team toasts the guests who attended the company’s 35th anniversary Customer Appreciation Dinner. Mannings in Hong Kong and Dairy Farm Singapore have both held events designed to encourage their staff to strive for excellence at all levels. In Hong Kong, the 2011 Mannings Store Manager meetings focused on the company’s theme of ‘Be A Leader’. Chief Executive Officer of Mannings Hong Kong and Macau Lily Chan encouraged those present to lead by taking ownership, empowering and engaging work partners, inspiring others and having pride in their achievements. Service is Everybody’s Job at Dairy Farm Singapore Meanwhile in Singapore, ‘Service is Everybody’s job!’ is the theme of Dairy Farm’s first ever company-wide service campaign. The campaign aims to create a distinction between Dairy Farm and its competitors in the retail industry through excellent service. To date, a total of 7,074 team members have been introduced to the campaign and trained. Get Together for Jardine Foundation Scholars in Singapore A get together for Jardine Foundation Scholars currently based in Singapore and senior officials from selected academic institutions in the city-state has been held at Mandarin Oriental, Singapore. The event, which was attended by Jardine Matheson Group Chairman Sir Henry Keswick and Country Chairman, Singapore Boon Yoon Chiang, was hosted by Group Managing Director Anthony Nightingale and Group Corporate Secretary Neil McNamara. Jardine Scholars in Singapore are doing well in their respective professions and also participate actively in community work. One example is lawyer Vikram Nair, who was elected a Member of Parliament last May from the ruling People’s Action Party. Dairy Farm Singapore operations team members enter into the spirit of a service excellence session held as part of the company-wide service campaign. Since it was established in 1982, the Jardine Foundation has granted awards to 134 scholars to study at selected Oxbridge colleges. Farewell to Patrick Ng Jardine Pacific Chief Executive Adam Keswick bids farewell to Patrick Ng who retired from Jardine Shipping Services (JSS) at the end of July following more than 47 years service. Mr Ng joined the Group in 1963 and was promoted to General Manager of Jardine Port Agency in 1993. He is credited by British Prime Minister David Cameron as being his ‘first boss’ when Mr Cameron was employed by the Group for three months during his gap year in 1985 and worked as a ‘ship jumper’ for JSS. Centre: Jardine Matheson Group Chairman Sir Henry Keswick with some of the Jardine Foundation Scholars currently based in Singapore. People 35 Striving for Excellence in Hong Kong and Singapore ENTERPRISE AT WORK ... Mariátegui Jardine Lloyd Thompson Peru From left: Gonzalo Montes de Peralta, New Business Assistant Manager; Ignacio Mariategui, New Business Director and Felipe Alvarez Calderon, Commercial Centre Manager, of Mariategui JLT Peru. An innovative scheme by Mariátegui Jardine Lloyd Thompson (JLT) Peru involving teamwork on a large scale has created a profitable new line of business for the group and improved the lives of several thousand taxi drivers in the capital city of Lima. The scheme involved JLT setting up a lending market to enable taxi drivers in Lima to buy new vehicles run on green fuel. This required innovative use of insurance, technology for collection of the loan repayments at the petrol pump, and GPS monitoring. “Three years ago, there was no way a taxi driver could get a bank loan to buy a new car, or find insurance cover, because both banks and insurance companies were wary about providing products for this sector of relatively low-earning individuals,” explained Ignacio Mariátegui, New Business director of Mariátegui JLT Peru. Working with the Association of Taxi Drivers (ATP Partners), JLT Peru established a network of interested parties to tackle the situation and take advantage of Government initiatives to encourage use of ‘green’ fuel. The aim was to offer taxi drivers a programme for the renovation/renewal of their vehicles and persuade banks to provide these drivers with access to loans, through a range of insurance products that minimized the banks’ exposure to default. “We could see the opportunity, but there were many obstacles in our path,” said José Ramón Mariátegui, Executive President of Mariátegui JLT Peru. “Banks did not trust the payment collection method until it was proved it would work. GPS companies were cautious because they thought taxi drivers were easy targets for thieves and their GPS devices would be stolen. Service stations, workshops and car distributors were enthusiastic, but had few resources to align themselves with the required technology. It took a lot of time and effort to get them all around a table and to agree on how to make the ‘Taxi Scheme’ work.” Eventually JLT Peru’s leadership and drive won the day. Three years later, the Taxi Scheme has facilitated loans totalling US$100 million to Lima’s taxi drivers and they are receiving the benefits of both medical and income protection insurance. The taxi fleet has been renewed with some 5,500 new vehicles insured, monitored by GPS and using green fuel. “Teamwork made all this possible,” said Ignacio Mariátegui. “We have improved both the taxi service and air quality in Lima, but, most importantly, the quality of life of everyone involved.” The project has also provided a significant and profitable income stream for JLT Peru. In 2010, the ‘Taxi Scheme’ generated 10% of the group’s retail revenue. It also won the Peru National Business Enterprise Creativity Award in November 2010, in the category Financial Services sector. Currently JLT Peru is planning to apply the business model to other segments of public transport and in other developing economies. “We are implementing it in Chile and planning to expand it to Bolivia, Colombia and Brazil. We are also exploring the scheme’s application to the bus system with the same core team of partners,” said José Ramón Mariátegui. Please address your comments or suggestions regarding Thistle to the Thistle Editor, c/0 Group Corporate Affairs, Jardine Matheson Limited, 48/F Jardine House, Central, Hong Kong gca@jardines.com Thistle is published by Jardine Matheson Limited on behalf of the Jardine Matheson Group. www.jardines.com