Business News Releases

New 'home away from home' SilverKris Lounge debuts in Sydney

Singapore Airlines (SIA) has unveiled its new-concept SilverKris Lounge in Sydney, as part of a multi-million dollar investment programme to upgrade all of the Airline’s airport lounges around the world.

Designed by renowned architectural and interior design firm ONG&ONG, the new-concept SilverKris Lounge is thoughtfully designed and modelled after elements of a home, following extensive research that included focus groups with customers.

The new design concept will be progressively introduced to all of SIA's SilverKris Lounges in 15 cities over the next five years at an estimated cost of around $100 million.

Following renovation of the Sydney lounge, which has just been completed, planning work is underway to upgrade lounges at London, Hong Kong and Singapore (Terminal 3) in 2014.

Lounge customers can look forward to distinct personal spaces that provide a sense of ‘being home’, as well as more personalised services from lounge staff and a delectable selection of food and beverages to complement SIA's in-flight offerings.

"Our customers frequently tell us that they have a feeling of ‘home’ as soon as they board our aircraft, and our aim is to extend this experience to the ground. Through our new 'home away from home' concept, the intention is for our customers to experience the feeling of being taken care of at every step of their journey," said Mr Tan Pee Teck, Singapore Airlines’ Senior Vice President Product & Services.

"Each space is thoughtfully designed to create the ambiance of ‘home’ that is familiar and comforting, adding to the warm, authentic and personalised service that Singapore Airlines is well known for."

First introduced in Sydney, the new 'home' concept SilverKris Lounge showcases SIA's unique heritage distinguished by a customised batik design screen in the welcome foyer that customers can recognise from afar.

Inside, the lounge features tastefully selected art pieces, sourced locally and from Singapore.

Customers can make use of personal spaces tailored for different needs, ranging from a living room, kitchen and dining room to intimate coves for rest and relaxation.

Specially designed productivity pods will enable customers to work in privacy and comfort before their flight, while signature SIA armchairs will be a new feature at all refurbished SilverKris Lounges.

A familiar ‘taste of Singapore’ concept will also be progressively introduced at all SilverKris Lounges, with iconic dishes from Singapore such as laksa and mee siam offered alongside delectable food choices from around the world and a wide range of premium wines and spirits.

To complete the ‘home’ experience, Passenger Relations Officers, trained to deliver the personal SIA touch, will be on hand to host each customer and assist with their travel needs.

Singapore Airlines (SIA) is Australia's largest foreign carrier and operates 121 weekly services from the following cities, representing an 18% increase since 2011. The flights have been scheduled to offer seamless connectivity between Australia and the airline’s global network of 107 destinations in 39 countries:

  • Sydney 4 flights daily Airbus A380 and Boeing 777-300 & 777-200ER aircraft
  • Melbourne 4 flights daily Airbus A380 & A330 and Boeing 777-300 & 777-300ER
  • Perth 4 flights daily Airbus A330 and Boeing 777-200
  • Brisbane 3 flights daily Airbus A330
  • Adelaide 12 flights weekly Airbus A330
  • Darwin 4 flights weekly Airbus A320/A319 (operated by SilkAir, the regional wing of SIA)

In 2013, the airline unveiled its US$150m investment in the next generation of First / Business / Economy class seats to be featured on eight new Boeing 777-300ER aircraft, the first of which began service in September. The seats come complete with Panasonic’s new eX3 in-flight entertainment system, of which SIA is the launch customer.

SIA has also unveiled a suite of competitive products to drive greater value for Australian customers, including S$40 vouchers for customers transiting through Changi, an expanded Singapore Stopover Holiday package, as well as regular promotional fares for customers across Australia.

The roll out of the alliance with Virgin Australia continues, with SIA codeshare to 39 domestic destinations and VA codeshare and interline to a total of 89 destinations across the SilkAir/Singapore Airlines network. The airline owns a 19.9% stake in Virgin Australia.

The Group has 197 aircraft on firm order and planned capital expenditure of S$14.25 billion over the next five years. Singapore Airlines operates a modern passenger fleet of 99 aircraft with an average age of 6 years 7 months, SilkAir operates 24 modern aircraft with an average age of 6 years 9 months and Singapore Airlines Cargo operates 9 747-400 freighter aircraft with an average age of 11 years 11 months.

www.singaporeair.com

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A new Star on Melbourne’s tourism scene

VICTORIA’s peak tourism and events body is eagerly anticipating the Melbourne Star Observation Wheel’s upcoming opening, saying it will provide tourists and locals with a wonderful new way to experience Melbourne.

The Victoria Tourism Industry Council’s (VTIC) comments come as the Star prepares to host its first passengers at 12pm today.

“We’re delighted to see the Star opening as it provides a new perspective on our great city and a wonderful experience for passengers at the vibrant Docklands precinct,” says VTIC Chief Executive Dianne Smith.

“The attraction has something for everyone and appeals to people of all ages and nationalities. With the 1500-person capacity Star Piazza at the Wheel’s base, it is also a drawcard for business events.”

The 21-cabin observation wheel enables views of up to 40 kilometres from the Docklands site.

“The views showcase Melbourne’s diversity, as visitors see the CBD, our expansive parks, Port Phillip Bay and as far as Mount Macedon and the Dandenong Ranges,” Ms Smith says.

“The Star is yet another reason to visit our wonderful city and we expect it will attract both first-time visitors and regular guests who keep coming back to discover more.

“It also provides a valuable opportunity for visitors to learn about other aspects of Melbourne, as there is a pre-boarding display and story panels, as well as cabin audio.

"The Star promotes the history, culture and many other features of modern Melbourne, which will have a significant flow-on effect for the rest of the tourism industry.”

s tourism and events industry, providing one united industry voice. Tourism and events are growth industries for Victoria and contribute $19.1 billion to the state economy each year and employ more than 201,000 people.


www.vtic.com.au
 

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A$15.1 billion expected to go through the tills from Boxing Day to mid January - a 3.8% increase

Peak retail industry body the Australian Retailers Association (ARA) and research partner Roy Morgan Research said shoppers were expected to spend $15.1 billion during post-Christmas sales from Boxing Day through to mid January – an estimated two percent rise on last year’s predicted sales of $14.8 billion.

ARA Executive Director Russell Zimmerman said last year’s post-Christmas predicted sales ($14.8 billion) were almost spot on, with the actual figure confirmed only slightly lower at $14.6 billion.

“Based on the actual figure of 14.6 billion, we now see an even larger percentage growth year on year at 3.8 percent – a positive sign for the retail sector.

“Looking at the actual post-Christmas sales figures for 2012 and this year’s post Christmas predictions, cafes show the highest level of growth at 6.2 percent. Apparel (3.9 percent) and food (3.8 percent) are also set to experience a small but significant jump in post-Christmas sales, indicating that gift buying will be replaced by shoppers splurging on items for themselves, updating their summer wardrobes and dining out.

“It is also great to see all states and territories predicted to experience positive growth this post-Christmas period, ranging from 2 percent (Western Australia) to 6.1 percent (Northern Territory).

“As we know, the festive sales period doesn’t just continue in the stores; there are also many shoppers who will be enjoying the sales from their lounge rooms. Some retailers are expected to start their Boxing Day sales as early as Christmas Eve.

“The decision to leave the cash rate unchanged at 2.5 percent in December is definitely an obstacle for retailers trying to get back on track financially over the Christmas period, and the ARA is looking forward to the Reserve Bank of Australia (RBA) reassessing the outlook when it meets again in February 2014.

“We believe there is room for further adjustment on the cash rate, and while a favourable decision in February will be too late to encourage Christmas spending, this adjustment would certainly allow retailers to start their new year with confidence,” Mr Zimmerman said.

Since 1903, the Australian Retailers Association (ARA) has been the peak industry body representing Australia’s $258 billion retail sector, which employs over 1.2 million people. The ARA ensures retail success by informing, protecting, advocating, educating and saving money for its 5,000 independent and national retail members throughout Australia.

Visit www.retail.org.au or call 1300 368 041.

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Smartphone customers have huge appetite for data at Christmas

Customers tapping into What’sApp, Viber, kik & Instagram

Vodafone says more customers will be tapping into apps like What’sApp, Viber, kik and Instagram this Christmas to send messages using data instead of traditional SMS or MMS.

In a survey by Galaxy Research published today, two-thirds of all customers across all networks say they expected to use more data over the Christmas holiday season. This was even higher among Gen Ys, with almost 75 percent of younger people saying they expect their usage to go up.

Customers said the reasons they’d need more data over Christmas were to keep in touch with friends who are away, to upload more photos and download more videos, on top of using phone app and games more often for entertainment.

"We have seen an extraordinary increase in customers’ appetites for data over the past year and we expect this to jump again this Christmas and New Year’s period," said Chief Marketing Officer Kim Clarke.

"The majority of Australia is out there over the holidays spending time with friends and family, and with more free time, people have the time to share photos, watch videos and play games on their phones."

Customers increasingly using data to send text and photo messages

On Christmas Day in 2012, data usage increased by almost 65% on the previous year. By comparison, the number of SMSes sent was up by just 13% on Christmas Day in 2011, with a trend towards customers using smartphone apps to send messages.

A typical SMS costs about 20c to send, while a MMS (picture message) costs about 50c to send, although most Vodafone postpaid plans include Infinite (unlimited) standard national calls and texts.

By comparison a typical What’sApp message will use about 10KB of data to send a message containing just text, with 300KB-1MB data to send a photo.

"We actually don’t expect to see an increase in the number of SMSs sent this Christmas, for the first time in about 20 years," said Ms Clarke. "There’s a definite trend towards using apps instead, which use data."

"Instagram is also wildly popular at the moment. People are now sharing photos with many – via Instagram – rather than traditional MMS where you share a photo with one or two people," she said.

Vodafone offers double the data

Vodafone launched a double data offer last month which doubles the amount of included data for all month-to-month voice plans of $45 and above, and all 12-and 24-month voice plans of $60 or more – for the full 12- or 24-months of the plan. The offer runs to January 3 and is available to both new and existing customers (who choose to upgrade).

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Victorian business welcomes Victoria's first Aboriginal Economic Strategy

VECCI congratulates the Victorian Government on the launch today of Victoria’s first Aboriginal Economic Strategy.

“It is important that this strategy provides a framework to support the future growth and development of Victoria’s Aboriginal businesses,” says VECCI Chief Executive Mark Stone.

“The effective linking of education, employment opportunities, business enterprise development and investment will be vital to ensuring Victoria’s Aboriginal-owned businesses reach their full potential.”

VECCI provides strong support for Victoria’s Aboriginal business community through its Aboriginal Business Advisor Program (ABAP), which is supported by the Victorian Government.

The ABAP provides a range of mobile and tailored support for operators or those wanting to start an Aboriginal-owned business in Victoria, including business and personal coaching, business tools and information, and networking workshops and opportunities.

Further information about the program can be found at www.vecci.org.au/abap 

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AUSBuy backs Hockey on Graincorp decision

COMMENT by AUSBuy CEO Lynne Wilkinson

IT HAS BEEN a revelation to see the vitriol heaped on Mr Hockey’s decision to stop the sale of Graincorp to ADM (USA), because it has shown that many “observers” in the media have failed to see the exquisite subtlety of the decision and the limitations of their fixed views.

There is little doubt that the Abbott Government has inherited a mess, much of which has been exacerbated since 2007.

Only policies which meet Australia’s “national interest” will get Australian assets and our people working for Australia again, revitalise our economy, and reduce our debt so we can take advantage of the opportunities the Asian century is supposed to promise.

We can only hope that the “intent” of this decision is replicated as we see off-shore bidding for other strategic assets in the food sector.

If ADM owned the assets, then there is no guarantee the farmers would be able to access or use the infrastructure for any other buyer other than ADM.

The majority of our grain exports are still controlled by foreign interests beyond the farm gate. Graincorp and CBH (WA) represent less than 50% of our grain exports. Hardly a duopoly!

Foreign owned Glencore, Dreyfus, among others own our grain exports, and the family owned US company Cargill owns many of our beef and grain exports.

Cargill has not reinvested in grain infrastructure. They use existing infrastructure. So much for successive Governments’ waivers to foreign take over that they will build infrastructure and invest here.

The problem is further exacerbated by our tax laws which favour foreign interests with only 10% withholding tax on declared profits, after they have been siphoned off shore.

Mr Hockey may have found some unexpected “reds” in the bank accounts, and these are just some of the issues which rob is of reinvestment here. Food for thought in the commission of audit.

Mr Hockey has effectively told the Graincorp board to do better than they have done and reinvest in the business.

As they say “if you can’t change the people you change the people”. It seems it is all too easy for Boards to think short term, especially when there is no shortage of keen buyers.

Graincorp was once owned by the farmers. It is now owned largely by institutions who will still look for quick returns to their shareholders, but it also means Australian can invest in the company for the long term if it is controlled here.

The problem is when Australian exports are sold by foreign interests we are no longer control our reputation or the supply chain. Our products are not differentiated in the market place. Our farmers become price takers, not price makers.

It is human nature, supported by their policies, that other countries give priority to their own. This does not make sense in a world hungry to secure its food.

Generations of our farmers have built Australia’s reputation as among the best in the world for quality and productivity, decades of falling income and rising debt has been ignored.

Now Mr Hockey has given the east coast grain growers the assurance that they have some control over their future.

There are lessons to be learned from this. Governments keep talking about Australian businesses being productive and competitive, yet Australia has a handful of businesses competing with countries that have dozens if not hundreds of businesses in particular sectors, and who subsidise their growers.

In the meantime our processors and manufacturers languish, or if foreign owned here have a habit of threatening to leave or do move off shore to source elsewhere and sell back to us.

He has also defined his Party’s “open for business” policy by saying to ADM you can buy up to 24.9%, but cannot control the assets, the profits, decisions.

This new kind of “open for business” means we are not desperate sellers and deal with us on our terms. Just as every other country does that controls and grows it wealth creating assets.

We do hope Mr Robb is listening as he is rushing to sign Free Trade Agreements with China, Japan and Korea – all controlled economies that have bought assets here in the supply chain and now our land.

Perhaps finally we are going to think strategically, identify our sustainable competitive advantages and benefit from assets that are grown and produced in Australia.

Get Australians and our assets working for Australia again. We welcome foreign investment not takeover.

This has been AUSBUY’s position since 1991.

www.ausbuy.com.au

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Retailers well on their way to achieving $42.2 billion in pre-Christmas sales

PEAK retail industry body the Australian Retailers Association (ARA) said retailers are working around the clock to make the most of the festive season – with $42.2 billion in pre-Christmas sales expected to go through retail tills from 14 November until 25 December, representing a 3.5 percent gain on sales during the same period in 2012 ($40.7 billion).
 
ARA Executive Director Russell Zimmerman said the 3.5 percent growth (based on 2013 Christmas sales predictions prepared by ARA research partner Roy Morgan Research) is a positive sign for the retail sector and an indication that shoppers have well and truly started their Christmas shopping.
 
“Anecdotally, we have had a number of reports from retailers that shoppers have started their Christmas shopping a little earlier this year, rather than leaving it until late December like previous years. Conversations with retailers have also reported large sales on specific popular products, meaning shoppers need to get in early if they want to guarantee their products of choice will still be on the shelves.
 
“Electronics and sporting retailers have especially enjoyed a jump in sales over the last week or two, with sporting and outdoor equipment, gaming consoles, iPads, mobiles and tablets tipped to be the hottest items under Australian Christmas trees this year.
 
“Both the Sony Playstation 4 and Microsoft Xbox One have now been released, and interestingly, shoppers are said to be almost twice as likely to purchase the Sony Playstation 4 over the Microsoft Xbox One.
 
“While we can expect traditional gifts such as perfumes, cosmetics, toys, games, footwear and clothing to continue to fly off the shelves and down the chimney, Australian consumers are looking for something new and exciting to keep them entertained this festive season.
 
“With the biggest online shopping day (Sunday 8 December) now behind us, retailers are looking forward to next week, as the week before Christmas remains the busiest time for pre-Christmas shopping,” Mr Zimmerman said. 
 
View the ARA Christmas infographic HERE for an overview of pre-Christmas sales data
 
Since 1903, the Australian Retailers Association (ARA) has been the peak industry body representing Australia’s $258 billion retail sector, which employs over 1.2 million people. The ARA ensures retail success by informing, protecting, advocating, educating and saving money for its 5,000 independent and national retail members throughout Australia.

Visit www.retail.org.au or call 1300 368 041

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Cape York plan is focus - QRC

THE PEAK representative body for minerals and energy developers in Queensland has reiterated its commitment to working with the state government for a balanced and productive regional land use plan for Cape York.

Queensland Resources Council Chief Executive Michael Roche said the government’s declaration to ban open cut mining across the entirety of the Steve Irwin Wildlife Reserve was an unexpected blow to QRC member Cape Alumina, the company’s shareholders and to the confidence of the broader junior resources community.

"However, we must respect the government of the day’s right to make decisions in what they consider to be the state’s interests," he said. "The issue now is where to next – and that’s clearly the draft regional plan for Cape York on which the state government is inviting comment until 25 March next year.

"The resources sector has not strayed from its commitment to working with the state government to deliver the best possible outcomes for Cape York, Far North communities and for the environment.

"Open slather mining is not one of the options on the table and nor should it be.

"Mining has played a positive role in the Cape’s history and can play a similar role in its future with a regional plan that recognises and complements the region’s environmental, agricultural and resources strengths.

"‘Weipa’s celebration this week of 50 years’ continuous bauxite mining is tangible evidence of what that one operation has delivered especially in terms of employment and economic opportunity to local indigenous communities.

"‘The state government is offering Queenslanders a once in a lifetime opportunity to plan for the future of Cape York – a land mass bigger than England. It’s therefore essential that we get it right from the start."

Mr Roche said the state government has been at pains to point out that the plan is a draft and that they are open to hearing persuasive arguments for revisions.

"Over coming weeks the QRC and its member companies will bring to the table the rigorous science and evidence needed to demonstrate that projects currently facing some uncertainty under the draft plan can be delivered without detriment to the environmental values of the Cape," he said.

"Queensland has an extremely comprehensive set of requirements relating to the environmental assessment and management of mining, and these should be fully utilised to assess the merits of proposed resource projects.

"Industry working constructively with government is the surest route to delivering certainty for investors and shareholders and large numbers of well paid jobs in the Cape, especially for indigenous communities experiencing horrendous unemployment levels," he said.

http://www.qrc.org.auends

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Coal mine closure sign of times

THE announced closure of the Wilkie Creek thermal coal mine near Dalby is another disappointing turn in the fortunes of the export coal industry, Queensland Resources Council Chief Executive Michael Roche said today.

"The announcement is a sad blow for the region but also indicative of the challenging outlook for the thermal coal industry in particular," he said.

"It’s no secret that a number of mines in Queensland and New South Wales are walking a financial tightrope as a result of subdued global demand, inherently high production costs and a stubbornly high exchange rate.

"At some mines operations are continuing only because it is more expensive to walk away from take or pay contracts for rail and port services.

"Cost cutting is the only the mechanism available to coal companies to ride out the downturn that we estimate has cost more than 8000 positions in Queensland since mid-2012," he said.

www.qrc.org.au

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Retailers call on credit card companies to put a stop to rising interest rates

PEAK retail industry body the Australian Retailers Association (ARA) said despite the Reserve Bank of Australia (RBA) leaving the cash rate unchanged since August, credit card companies have been hiking up rates on their cards – leaving both retailers and consumers struggling to make the most of the festive season.

ARA Executive Director Russell Zimmerman said according to data from the RBA, the average interest rate on a standard credit card went up five basis points to 19.6 percent in November, and the average interest rate on a low-rate card went up 10 basis points to 13.05 percent in October.

“A number of banks have increased the rate on their credit cards by up to 100 basis points, and in one case up to 225 basis points.

“With Christmas just around the corner, shoppers are spending more than usual but we also know that people are trying to save as much as possible too. According to the Australian Bureau of Statistics, household saving is now at the second highest level since the global financial crisis erupted in 2008.

“While the ARA is pleased to see household saving on the rise, we also encourage consumers to increase their discretionary spending in Australian stores and support their local retail sector. With interest rates lower than they have been for some time, now is the time for credit card companies to provide some breathing room for consumers and retailers alike,” Mr Zimmerman said.

Since 1903, the Australian Retailers Association (ARA) has been the peak industry body representing Australia’s $258 billion retail sector, which employs over 1.2 million people. The ARA ensures retail success by informing, protecting, advocating, educating and saving money for its 5,000 independent and national retail members throughout Australia.

Visit www.retail.org.au

or call 1300 368 041.

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Fee-free freedom: switch and save on bank fees

WHILE over 185,000 banking customers are preparing to take on eight banks for 'unfair' fees, one of Australia’s biggest comparison websites, finder.com.au is urging more Australians to go fee-free and switch financial institutions to find better deals.

The class action lawsuits are against the banks for allegedly charging customers excessive fees between $20 and $45 such as overdraft or over the limit fees.

Michelle Hutchison, spokesperson for finder.com.au, said the class action cases could be a game changer for Australia’s financial services industry.

“These class action lawsuits show the power of what public pressure can really do. Australians have had enough of paying collectively billions of dollars in bank fees and if these cases win, there will likely be a shake-up of all bank fees across the industry.

“In fact, last year, we collectively paid our banks over $11 billion in bank fees – over $4 billion of which was from households.

“But we can’t rely on financial institutions to charge fair fees or drop their fees altogether. The only way we will make real changes to the banking industry is if more Australians compared their financial products and switched. This will force institutions to be more competitive.”

According to finder.com.au, there are 39 credit cards with no annual fees, including two platinum cards and three gold cards.

There are also 105 home loans with no annual service fee, and 101 home loans don’t charge redraw fees.

Many transaction accounts come with no monthly service fees and fee-free transactions.

“It’s up to more Australians to take on the responsibility with their financial products by reviewing their options and comparing deals,” said Mrs Hutchison.

“It will not only force competition between banks but also will save consumers potentially thousands of dollars every year.”

www.finder.com.au

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