Ng was the CEO for five years and his last four years saw NOL accumulate . Ng was the CEO for five years and his last four years saw NOL accumulate more than S$1.5 billion in losses. As mentioned earlier, Desmond Kuek is now under fire for the repeated failures in . "5 Things You Should Know About Neptune Orient Lines | The Motley Fool Singapore". Since Ng became CEO, NOL had lost money every financial quarter. Thank you.". SPH itself has seen its revenue declined since 2012 from $1,031.2 million to $655.8 million in 2018. . "Chairman, if I may, I honestly, I take umbrage at the first question. Neptune Orient Lines (NOL) was not able to cut costs fast enough in an industry where shipping services were increasingly getting commoditised, chief executive Ng Yat Chung has acknowledged.. Read . Neptune Orient has said . It added 10 ships last year and sold some of the older ones. Visitors restricted for those still warded during this period. NOL’s Failure – Is Ng Yat Chung Really to Blame? Group President and CEO at Neptune Orient Lines. Ng also said that he saw "vast opportunities that can be reaped" despite the challenges ahead and added that he was involved in the SPH's decision to enter healthcare and private nursing home sector with its acquisition of Orange Valley as a board member. Siew Loong Wong. Our media business is badly affected by the collapse in advertising.". Zhangxin Zheng Biography. For the uninitiated, you might be wondering who Ng Yat Chung is and here are some facts about him: Ng is an alumnus of Victoria School and Hwa Chong Junior College. Neptune Orient Lines, parent of ocean carrier APL, is "totally focused" on returning the liner business to profitability, NOL CEO Ng Yat Chung said during a call with securities analysts. "The deal would help the company focus on improving its liner shipping business and improve its balance sheet"Ng Yat Chung, NOL's Group President & CEO Singapore's Neptune Orient Lines (NOL) had been trying to sell its APL Logistics division for more than $750 million, people familiar with the matter previously told Reuters . Before making conclusions about someone, we should always look at the whole picture first. In response, MCI said that it supports the proposal put forth by SPH. Ng, who became CEO in 2017, was responding to a question fielded by a . He was the former CEO of Neptune Orient Lines (NOL) Ng was the group president and CEO of Neptune Orient Lines (NOL) from October 2011 to June 2016. 1. Ng Yat Chung, the chief executive of Neptune Orient Lines, added that the deal would help his company grow "with the resources of the world's third-largest shipping line." CMA CGM, a global leader in container shipping, announced a pre-conditional voluntary general cash offer for Neptune Orient Lines (NOL), Southeast Asia's largest container shipping company, subject to the satisfaction of the pre-conditions specified in su. Ng Yat Chung is a Singaporean business executive and former Chief of Defence Force of the Singapore Armed Forces. Notes Due 2017 under Neptune Orient Lines Limited's US$1,500,000,000 Euro Medium Term Note Programme 20-Apr-12 [Disclosure of interests in NOL Shares by Mr Kwa Chong Seng, NOL Chairman 18-Apr-12 [Pricing of S$400,000,000 4.25 Per Cent. Retrieved 27 September 2013. May 07, 2021, 09:44 AM, Follow us on Telegram for the latest updates: https://t.me/mothershipsg. Yat Chung Ng Group CEO, Neptune Orient Lines Singapore. SPH's CEO, Ng Yat Chung, appeared to take umbrage at a question by a CNA reporter, who asked: Qn 1: Editorial integrity vs taking care of advertisers' interests. Found insideHe has published extensively on-Italian environmental history and edited Views from the South: Environmental Stories from the Mediterranean World. -- The transaction will also strengthen our balance sheet and unlock value for our shareholders," said Ng Yat Chung, group president and CEO of NOL. President, South Asia at Neptune Orient Lines Ltd. Jason Wong. Yat Chung Ng | Caracas, Distrito Federal, Venezuela | Médico en Ipasme | 0 contacto | Ver el perfil completo de Yat Chung en LinkedIn y conectar So in reporting the answer to this, I will tell you first that the question, the fact that you dare to question SPH's title for, in your words, conceding to the (advertisers), I take umbrage at that comment. 2.3 Neptune Orient Lines (2011-2017) 2.4 Singapore Press Holdings (2017 - jelen) . Master of Arts (Mathematics) from Cambridge University, 2. In 2011, he joined Neptune . The comments by Neptune Orient Lines Ltd. President and Chief Executive Ng Yat Chung, as well customers and other shipping-industry observers, come as companies and economists closely watch . Like SPH, ad sales for NYT declined but revenue from subscriptions for the latter increased. . With that in mind, Reuters reported Friday that French company CMA CGM has done what Neptune Orient Lines (NOL) could not do - make the company profitable. Singapore Press Holdings (SPH) chief executive officer Ng Yat Chung took offence to a reporter's question about SPH's goal of "editorial integrity" at a news conference on Thursday (6 May) to announce plans to spin off the conglomerate's ailing media business. Mr Ng Yat Chung (left), chief executive of Neptune Orient Lines (NOL) and Mr Rodolphe Saadé, vice-chairman of CMA CGM shake hands. Written by one of the world's leading experts on responsible investment, Valuing Corporate Responsibility is one of the most important books to be written on corporate responsibility over the past decade. Mr Ng, 55, will replace Mr Alan Chan Heng Loon, 64, who is retiring from the board on the same day. Archived from the original on 1 March 2014. We, the citizens of Singapore, take umbrage at the continued employment of Lieutenant-General Ng Yat Chung as CEO of SPH. Is Thum Ping Tjin Blocking FICA Because of His Deep Links with the West? "This is a strategic move that will allow us to focus on improving our liner shipping business, while at the same time enabling APL Logistics to grow," said NOL's Group President and CEO, Ng . Moiz Malik Manager Education at Ministry of Education, Singapore (MOE) Singapore. | Found inside – Page 42... Fleet Management Division Neptune Orient Lines Ltd 456 Alexandra Rd NOL Bldg ... Suei Cheng Lee Soon Pue Loh Chung Chiang Mrs Lye - Lee Siew Meng Mrs Ng ... At a glance: The Neptune Orient Lines story. If this was already well known why didn't someone bring it to attention since transparency is one of the things they champion?". SINGAPORE — Singapore Press Holdings (SPH) chief executive officer Ng Yat Chung took offence to a reporter's question about SPH's goal of "editorial integrity" at a news conference on Thursday (6 May) to announce plans to spin off the conglomerate's ailing media business. Hannah Mitchell Real Estate Associate at Osborne Clarke United Kingdom. Ng Yat Chung egy szingapúri vezető ügyvezető és korábban a A haderő főnöke a Szingapúri fegyveres erők (SAF) 2003-2007 között Altábornagy. Master of Military Art and Science (General Studies) from Command & General Staff College, USA, and, 3. Jason Wong. View the profiles of professionals named "Yat Ng" on LinkedIn. Jon Beer CTO and Co-Founder at Zapnito . The second question is, this move (comes after) various corporate initiatives to improve the sustainability of the media business. In mid-2016, NOL was sold to France’s CMA CGM, the world’s third-largest shipping line and was delisted from the Singapore Exchange in late June. NG YAT CHUNG Neptune Orient Lines Ltd, Singapore P. PATHY Fednav Limited, Montreal E. ROTHWELL Irish Continental Group Plc, Dublin N.H. SCHÜES Reederei F. Laeisz GmbH, Hamburg K. SIGGINS Hamilton, Bermuda H. TAKAHASHI JX Tanker Company, Yokohama N.P. Found insideIn this epistolary novel, you live day by day with Ava and Gen, deep inside that friendship, so deep, it feels like it’s your own." —Francine Pascal, bestselling author of the Sweet Valley High series Perfect for fans of “Robin ... It was founded in 1968 as Singapore's national shipping line, but was later sold as a subsidiary to French shipping company CMA CGM in 2016. CMA CGM SA Vice Chairman Rodolphe Saade and Neptune Orient Lines Ltd. President and Chief Executive Officer Ng Yat Chung spoke Dec. 7 about the companies' deal. Prior to that, he served as the Chief of the Singapore Army from 2000 to 2003. The MPs hope to raise S$200,000 for beneficiaries at the virtual charity show on May 8, which will pay tribute to mothers. Chief Executive Officer & Director at Singapore Press Holdings Ltd. Neptune Orient Lines may be back on the road to profitability but it could be some time before there is any significant change in its fortunes, its CEO has said Ng became an executive in Temasek Holdings after leaving the SAF in 2007. The shipping line will take delivery of 14 vessels this year, Neptune Orient said in a statement yesterday. He was formerly Chief of Defence Force of the Singapore Armed Forces (SAF), serving from 2003 to 2007. And nobody called him out for it. Issuer/ Manager NEPTUNE ORIENT LINES LIMITED Securities NEPTUNE ORIENT LINES LIMITED - SG1F90001388 - N03 Stapled Security No Announcement Details . 5. In mid-2016, NOL was sold to France's CMA CGM, the world's third-largest shipping line and was delisted from the Singapore Exchange in late June that year. Ng Yat Chung - President and CEO of Neptune Orient Lines. Following which, Ng went on to obtain three Master's degrees: Ng succeeded Lim Chuan Poh as the Chief of Defence Force (CDF) in 2003. December 7, 2015. Singapore's Neptune Orient Lines Ltd (NOL) swung to a tiny net profit in its second quarter after six straight quarters of losses but said it had seen severe freight rate erosion. The resulting losses in 2016 later culminated into another loss in 2019. Singapore's Neptune Orient Lines (NOL) said the president of its APL shipping business has resigned and will be replaced by the current president of North Asia region. Alan Chan, 64, who . SPH said that it recorded its first-ever loss of S$11.4 million for the financial year ended Aug. 31, 2020. | This book provides a rare window on an exceptional and globally influential institution. Neptune Orient Line had a profit of $890 million after reaping a gain of $887 million on the sale of its APL Logistics business in May to Japan's . He was the CDF from July 2003 to April 2007, with the rank of Lieutenant-General, before Desmond Kuek took over from him in 2007. So I must call it out. and others. Found insideUsing the concept of boundaries, physical and cultural, to understand the development of China’s maritime southeast in late Imperial times, and its interactions across maritime East Asia and the broader Asian Seas, these linked essays by ... One month after his appointment, Ng brought forward the retrenchment of some 230 employees . About Former Singapore Deputy Prime Minister Goh Keng Swee said in 1972: "One of the tragic illusions that many countries of the Third World entertain is the notion that politicians and civil servants can successfully performen entrepreneurial functions. CMA CGM Executives Take Top Posts at NOL. This is the media conglomerate's third round of layoffs since 2017, when former Chief of Defence Force and Neptune Orient Lines CEO Ng Yat Chung was appointed as chief executive. SINGAPORE — Temasek Holdings has agreed to sell its entire 67 per cent stake in Neptune Orient Lines (NOL) to France's CMA CGM, the world's third-largest container shipper, which today (Dec . Privacy policy. Cherian George – Crusader for Freedom or Just a Hypocrite? File:Ng Yat Chung.png: Born: Singapore: Allegiance Singapore: Service/ branch: Singapore Armed Forces: Years of service: 1979-2007: Rank: Lieutenant-General: Commands held: Commanding Officer, 21st Battalion Singapore Artillery; Assistant Chief of the General Staff (Plans) Commander, 3rd Singapore Infantry Brigade; Head, Joint Operations . Ng Yat Chung, CEO of Neptune Orient Lines Limited (NOL), says that, even though the shipping line failed to remain profitable, he remains "bullish" on the future of Singapore - the world's biggest bunkering port - and is confident that it will maintain its position as a global maritime hub, local media reports.. As Ship & Bunker reported Monday, CMA CGM S.A. (CMA CGM) has announced that its . while at the same time enabling APL Logistics to grow," NOL President Ng Yat Chung said in a statement issued Feb. 17. . The aim of this book was to present innovative applications of technology in second language teaching and learning, as well as to explore the transformation of the different techniques to different theoretical frameworks. Recently purchased APL parent Neptune Orient Lines couldn't cut costs fast enough to compete in an increasingly commoditized market, chief executive Ng Yat Chung said in a surprisingly candid interview with Singapore's Straits Times. Neptune Orient Lines Limited (NOL) was a Singaporean container shipping company. Ng Yat Chung, NOL saw losses . This applies for Singapore Citizens aged 16 and above. CDF, Chief Of Defence Force, Neptune Orient Lines, Ng Yat Chung, NOL, scholar, Singapore Press Holdings, SPH Press Holdings (SPH) will appoint former Neptune Orient Lines (NOL) chief executive Ng Yat Chung as its new CEO, while current CEO Alan Chan and deputy CEO Patrick Daniel will retire, the media and property group announced on Friday. SINGAPORE, 31 July 2017 - SPH REIT Management Pte.Ltd. I would say, at least for SPH, right, we have always had advertising and we have never ever considered the (needs) of advertisers, alright, so we always continue to write fair, reliable, and credible reporting. Eng Aik Meng will leave the company on Sep 1 to take a new position outside the transportation industry, NOL said in a statement. Group CEO, Neptune Orient Lines. Much discussion on corporate governance assumes companies are owned and controlled separately, yet this is not the norm worldwide. On May 26, 2017, SPH announced Ng as its new CEO, with him to take over the group from Sep. 1 that year. He was the former CEO of Neptune Orient Lines (NOL). Interestingly, Kenny Leck said in his Facebook page on June 28th this year that Alfian was "family" and a "sibling" as seen in the following screenshot by "Gong Simi Singapore": Kenny's post suggests that contrary to what Alfian claimed, both of them were pretty close. Read more at The Business Times. Shea Madison Hand of The Sales Rebellion - Slayer of Algorithms | Freelance Actor/Singer/Dancer - Company Member at The Night Shift Theatre Company . Prior to him joining SPH, Ng was the group president and CEO of Neptune Orient Lines (NOL) from October 2011 to June 2016. Ng Yat Chung is a Singaporean business executive and retired military officer who has been CEO of Singapore Press Holdings since 2017. This completely revised and extended updating of John Merrrill's The Elite Press, published over a decade ago, provides a provocative and thoroughly researched look into the characteristics of "great" or "quality" journalism in an ... Barring Temasek Holdings, Ng's stint at NOL was his first running a commercial entity as CEO - an appointment he took up in October 2011 until June 2016. Ng Yat Chung is a Singaporean business executive and retired military officer who has been CEO of Singapore Press Holdings since 2017. Qn 2: Who's responsible for SPH's dwindling performance? Following the sale of NOL to CMA CGM, Ng eventually relinquished his role as chief executive of NOL. Raymond Sillifant under 19 coach at Olympic paints sporting supermen City of Johannesburg. Show more profiles . All rights reserved. ネプチューン・オリエント・ラインズ（Neptune Orient Lines Limited：NOL, SGX: N03）はシンガポールに本部を置く国際海運グループで104カ国に11,000人が働いている 。 子会社としてアメリカンプレジデントラインズ（APL）、APLロジスティクスを保有している。 Specify Facebook App ID and Secret in the Super Socializer > Social Login section in the admin panel for Facebook Login to work, New Citizen From India Complains About Chinese Privilege in Singapore, Wants Racist Chinese to be Prosecuted by Law, RSAF Scrambled F-16s Fighter Jets, After Malaysian Police Helicopter Flew Over Pulau Tekong Military Training Camp, Flash Flood Happens on TPE/Pasir Ris Drive 12 Junction, Singapore Netizens Respond with their own Comments, Man Attacks Cameraman for Recording Video of Him Not Wearing a Mask, Kind Uncle Confronts Young Man on MRT for Filming Two Girls Without Their Permission. Industry observers were surprised when Ng became CEO of SPH in September 2017 despite not having any media experience, let alone a commendable track record of running a company. For the six months ended Feb. 28, 2021, the pre-tax profit loss would have been S$9.7 million, if not for the JSS grant. 5. Following which, Ng went on to obtain three Master's degrees: Ng succeeded Lim Chuan Poh as the Chief of Defence Force (CDF) in 2003. Singapore Press Holdings chief executive officer Ng Yat Chung took offence to a reporter's question about SPH's goal of "editorial integrity" at a news conference on 6 May to announce plans to spin off the conglomerate's ailing media business. He was the fifth Chief of Defence Force of the Singapore Armed Forces (SAF) from 2003 to 2007, holding the rank of Lieutenant-General. NOL said that the divestment of APL Logistics follows a robust and highly competitive process, and that the net proceeds of the . Orient Overseas International Ltd.'s announcement that it will spend almost $1 billion on the purchase of six 20,000-TEU ships has put an end to speculation that the Hong Kong-listed line was interested in acquiring troubled APL from Neptune Orient Lines. He has been the Chief Executive Officer/ Executive Director at SPH since Sep. 1, 2017. Top image via Wikipedia and via ST's video screen grab. In mid-2016, NOL was sold to France's CMA CGM, the world's third-largest shipping line and was delisted from the Singapore Exchange in late June that year. Is She The Cutest Eurasian Lady In Singapore? "Just now you mentioned that the revenue from CLG (company limited by guarantee) will now be channelled into the new constitution of the company... does it mean that the media business will now pivot to emphasise editorial integrity, for example, ahead of advertiser interests? Is it common practice in other countries for ex-generals to be treated like business executives? CMA CGM is buying . Ng Yat Chung has been frequently cited as the executive who ran NOL (Neptune Orient Lines) to the ground, and that Temasek Holdings was ultimately forced to cut their losses and sell the company to French shipping company CMA CGM in 2016. As CMA CGM moves towards full ownership of Neptune Orient Lines, it has . This edition includes the full book as well as a comprehensive companion with historical notes, character overview, themes overview, and chapter summaries. Found insideThe new findings in this volume provide unprecedented opportunities to re-date many art works and prove that images of the Canton factories painted on canvas by Chinese artists are far more trustworthy than what scholars have believed in ... Neptune Orient has said . Dedicants of the Crystal Silence League send thoughts and prayers of joy, health, strength, love, success, and protection to all, and, in turn, receive the fruits of mutually supported prayer.If you are able, join our world wide band when ... Yat Chung Ng Group CEO, Neptune Orient Lines Singapore. . The man will be charged in court on May 8. In fact, chairman is a gentleman, I'm not. Neptune Orient Lines Ltd. owns and charters vessels and other related assets. Ng Yat Chung, CEO of NOL Group Neptune Orient Lines (NOL) reported a 2014 net loss of $260 million today, marking the third consecutive year in the red for the Singapore -based global shipping . In 2011, he was recruited by Neptune Orient Lines (NOL) to be its Group President and Chief Executive Officer. Adam Simpson Deputy Manager, Corporate Banking at Bank of Ireland Belfast Metropolitan Area. Prior to that, he was the Chief of Army from 2000 to 2003. Ng Yat Chung - Wikipedia en.wikipedia.org " Neptune Orient Lines (2011-2017) Ng joined the board of Neptune Orient Lines (NOL) as an Executive Director in May 2011 and was appointed Group President and Chief Executive Officer in October. CMA CGM offered to buy Singapore . He then received a Singapore Armed Forces (SAF) Overseas Scholarship in 1980 and graduated in 1983 with a Bachelor of Arts (Honours) in engineering from Christ's College, Cambridge University. FORM1-Ng Yat Chung.pdf if you are unable to view the above file, please click the link below. SPH, the purpose of doing this is to make sure that SPH media will continue to do the job we have done so well for so long!". Found insideContent. Is it fair to say that these initiatives have failed, and if so, where does the responsibility lie? It added 10 ships last year and sold some of the older ones. Writer Alfian Sa'at played down his relationship with BooksActually founder Kenny Leck who is currently embroiled in a saga where he is accused of pursuing romantic relationships with several young female employees. | _FORM1-Ng Yat Chung.pdf Total size =139K On Friday, May 26, the Singapore Press Holdings Limited (SPH) announced it will appoint former Neptune Orient Lines (NOL) chief executive Ng Yat Chung as its new CEO on Sept. 1. Singapore's Neptune Orient Lines (NOL) said on Wednesday the president of its APL shipping business has resigned and will be replaced by the current president of North Asia region. Singapore's Neptune Orient Lines Ltd. (NOL) Tuesday announced it has agreed to sell its APL Logistics Ltd. (APL) business to Japanese company Kinetsu World Express Inc. (KWE) in a deal worth $1.2 billion. It is curious that, in the face of overwhelming evidence to the contrary, the belief persists.". We Are Hiring Yat Chung Ng Group CEO, Neptune Orient Lines Singapore. Published Jun 14, 2016 9:23 PM by The Maritime Executive. Ng is an alumnus of Victoria School and Hwa Chong Junior College. View profile badges. Several video snippets from the Singapore Press Holdings' (SPH) press conference on May 6, 2021 featuring its chief executive officer (CEO) Ng Yat Chung taking "umbrage" at a reporter's question sent the internet into a tizzy. Mr Ng Yat Chung (left), chief executive of Neptune Orient Lines (NOL) and Mr Rodolphe Saadé, vice-chairman of CMA CGM shake hands. Advertise with us This fundamentally shows that NOL has underlying problems that hasn’t been dealt with, and that its failure could not be attributed to Ng Yat Chung alone. It does not seem logical for them to be "dropped into" these positions when the military is so different in terms of organization and function. This is volume one of four. This very rare and long out of print biographical work is a must for any Mason with a desire for Masonic research. This is NOT a photocopy of the original work, but a completely new, re-type set edition. Notes Due 2017 under US$1,500,000,000 Euro Medium Term Note Programme 18-Apr-12 Found insideThis book includes 9 projects on building smart and practical AI-based systems. Granted, part of NYT's increase in revenue is attributed to the Presidential Elections of 2020 but a major part of it was also credited to NYT's coverage of the COVID pandemic.
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