But it is still demand more than supplies that cause the tight supply , if there is no demand , what can cause the supply tight ?
In Singapore, universities are being rented by multinationals
THE AUSTRALIAN NOVEMBER 26, 2014 12:00AM
John Ross
Higher Education Reporter
Sydney
The AXA University Asia Pacific Campus near Singapore’s upmarket Orchard Road. Source: Supplied
THE word “university” means different things to different people. To higher education reviewer Denise Bradley it meant institutions that conduct research in at least three broad fields.
But to multinationals trying to entrench themselves in Asia, the term has taken on a meaning all too familiar to traditional universities — stately buildings lying idle.
Global insurance, food and financial services companies setting up branches in Singapore have imported the Western habit of denoting their corporate training centres as “universities”. But far from poaching MBA enrolments, as some have feared, the trend is saving real universities the expense of establishing largely redundant bricks and mortar.
In 2009, the AXA University Asia Pacific Campus opened in a colonial style building near Singapore’s upmarket Orchard Road. The following year, Singapore welcomed UBS Business University, a rebranding of the company’s “wealth management campus” founded three years earlier in a house formerly occupied by Louis Mountbatten. It boasts three “faculties”: business education, leadership, and control and risk.
Last year, Unilever opened its leadership development centre “Four Acres Singapore”, styled on a campus established in London more than 60 years earlier. But plush fittings and lush gardens are not enough to fill these campuses. “They’re empty half the year,” says Dominique Turpin, president of Swiss business school IMD.
Last week the AXA campus was festooned with IMD signage, after the European institution rented it for an executive education program. “We work with companies in Thailand, Malaysia and Indonesia, (and) they want us to go where they are,” Professor Turpin says. “You need to have the flexibility to meet clients where they want.”
Professor Turpin admits the term “corporate university” is a misnomer. “It’s nicer than ‘corporate training’,” he says. “You train dogs.”
But the campuses have become more than just rental propositions for visiting academics, providing a revenue stream as well. Professor Turpin says companies with corporate universities are themselves turning to foreign business schools to train their staff.
“In countries like Indonesia or China, where they are growing massively, it’s important to bring people together — and to send thousands to business schools would be very costly,” he says.
Margaret Cording, who heads IMD’s Singapore operation, says her team is “incredibly busy”. In January her centre is teaming up with Unilever on its campus to offer an “organisational learning in action” course targeted at key human resources executives.
And native companies may provide a new revenue stream within three or four years.
Professor Cording says the Singapore government is planning a “shared corporate university” in a hi-tech district west of the Botanic Gardens.
The HES travelled to Singapore as IMD’s guest.
(26-11-2014, 11:24 PM)cfa Wrote: [ -> ]The Real Estate Developers' Association of Singapore calls on the Government to intervene if 68,000 new homes coming into the market in the next few years push home vacancy rates up.
http://www.channelnewsasia.com/news/sing...l?cid=fbsg
Ya. Who bid and want to sell those new condos?
Sore losers.
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(26-11-2014, 11:32 PM)opmi Wrote: [ -> ] (26-11-2014, 11:24 PM)cfa Wrote: [ -> ]The Real Estate Developers' Association of Singapore calls on the Government to intervene if 68,000 new homes coming into the market in the next few years push home vacancy rates up.
http://www.channelnewsasia.com/news/sing...l?cid=fbsg
Ya. Who bid and want to sell those new condos?
Sore losers. If they never notice, the minister in charge is 'Cow' not 'Horse' now.
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Sent from my iPhone using Tapatalki
"National Development Minister Khaw Boon Wan was guest of honour at the dinner."
Do he not see it coming when he accept REDAS dinner invitation. Is not comfortable to say No in such event that has an agenda.
I hope he rises above our expectation of him.
(27-11-2014, 09:07 AM)corydorus Wrote: [ -> ]"National Development Minister Khaw Boon Wan was guest of honour at the dinner."
Do he not see it coming when he accept REDAS dinner invitation. Is not comfortable to say No in such event that has an agenda.
I hope he rises above our expectation of him.
He would Before GE , not so sure after that .
Singaporeans have been living under a mistaken asset inflationary environment for way too long as a result of freely roaming hot $ within Singapore and hence it is correct to adopt a stringent affordable housing policy in land scarce island.
Having said that I not saying that policy makers are good since they are the ones that created the lax asset inflation environment under the new regime that ushered in IRs as well that change the fabric of the society.
Post Asian Financial Crisis in 97 was a good lesson and the lull lasted through till 05. Back then renting is better than owning, ie asset light.
I thought that policy makers had learnt their precious lesson and how wrong was I... perhaps... the music really just goes on and on and it should be view as cycles since policies are always driven by greed and fear...
No vested interests
Nov. 27 (Bloomberg) -- Financial vulnerabilities are
building up in the wake of accommodative monetary policies
globally, Monetary Authority of Singapore says in annual
financial stability review today.
* Faster-than-expected rate increases, volatility spikes,
geopolitical tensions could trigger disorderly market
adjustments in G-3 nations that may spill over to other
regions
* Growing leverage among Singapore corporates and households,
still-elevated property prices, rising cross-border banking
exposures warrant close monitoring: MAS
* MAS will continue to monitor and take further measures where
necessary to keep household debt at a manageable level
* Will continue to monitor property mkt, take measures, where
appropriate, to maintain stable, sustainable mkt
* Banks should remain watchful of liquidity, credit risks: MAS
* While banking system is self-sufficient in funding domestic
lending, foreign currency funding risk warrants close
monitoring: MAS
(27-11-2014, 04:55 PM)specuvestor Wrote: [ -> ]Nov. 27 (Bloomberg) -- Financial vulnerabilities are
building up in the wake of accommodative monetary policies
globally, Monetary Authority of Singapore says in annual
financial stability review today.
* Faster-than-expected rate increases, volatility spikes,
geopolitical tensions could trigger disorderly market
adjustments in G-3 nations that may spill over to other
regions
* Growing leverage among Singapore corporates and households,
still-elevated property prices, rising cross-border banking
exposures warrant close monitoring: MAS
* MAS will continue to monitor and take further measures where
necessary to keep household debt at a manageable level
* Will continue to monitor property mkt, take measures, where
appropriate, to maintain stable, sustainable mkt
* Banks should remain watchful of liquidity, credit risks: MAS
* While banking system is self-sufficient in funding domestic
lending, foreign currency funding risk warrants close
monitoring: MAS
This should be a good reply to Mr. Chia Of REDAS.