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Business Lead

 

NUS
August 2010 | Archive | Chinese
 
Third CEO Luncheon
 

Panelists at the third NUS Business School-The Business Times CEO Luncheon said that recovery of developed nations may lose momentum when the fiscal stimuli run out.

"Fiscal stimulus is going to turn into fiscal drag for most of the developed nations by the end of the year," remarked Mr Manu Bhaskaran, Director and Chief Executive Officer of Centennial Asia Advisors.

Mr Bhaskaran felt that the outlook of the world economy would be a cautious one, "Going forward, the cost of capital is going to be higher and fiscal tightening is here to stay for many years to come," he added.

From left: Prof Duan Jin-Chuan, Risk Management Institute and Cycle & Carriage professor of finance at NUS Business School, Mr Manu Bhaskaran, Director and Chief Executive Officer of Centennial Asia Advisors and Mr Vikram Khanna, Associate Editor of The Business Times
 

A fellow panelist, Professor Duan Jin-Chuan of the Risk Management Institute and Cycle & Carriage professor of finance at NUS Business School, suggested that Greece could possibly default on its enormous debt, through reasonable means such as coupon payments after the declaration of default and negotiations.

Held at the Hilton Hotel on 27 Jul, the CEO Luncheon was another thought-provoking session of new insights for everyone present.

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YOG Flame passes by Mochtar Riady Building
 

The Business School community witnessed the Youth Olympic Games (YOG) Flame “live” as it passed by the Mochtar Riady Building on the evening of 12 Aug. Fifteen torch bearers from across the NUS community ran the NUS leg of the torch relay.

The YOG Flame came into NUS from Pasir Panjang Road, along Heng Mui Keng Terrace, into Kent Ridge Drive. It then turned right into Kent Ridge Crescent and turned left again at YIH roundabout before exiting to Clementi Road.

NUS also hosted the YOG Flame Arrival Celebrations on 6 Aug, in conjunction with the annual Rag Day.  

 
YOG Flame burning bright
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New agreement for use of investment software
 
Mr Henry Fernandez (left), Chief Executive Officer and President of MSCI Barra and Dean Prof Bernard Yeung
 

The Center for Asset Management Research & Investments (CAMRI) at NUS Business School signed a two-year agreement with MSCI Barra on 2 Aug.  

Under this agreement, MSCI Barra will provide members of the NUS Business School community with the use of investment and risk management software modules. This agreement is in addition to the original "Barra on Campus" agreement with NUS Business School. 

 

These state-of-the-art MSCI Barra software and datasets will now enable our students and researchers to conduct full-scale investment management research and analysis.

In addition, it also allows for portfolio construction, backtesting, and risk management exercises to be conducted within the “CAMRI Investment Management and Trading Lab”. This is comparable to the facilities that a global asset manager in the financial industry would have access to.

MSCI Barra is a leading global provider of investment decision support tools to investors – with clients involved in asset management, banks, hedge funds and pension funds.

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Conference on Philanthropy
 
Professor Bhagwan Chowdhry in action
 

The Centre for Social Entrepreneurship and Philanthropy organised the Conference on Philanthropy, with Prof Bhagwan Chowdhry as the guest speaker. Held on 18 Aug at the Mochtar Riady Building’s Room 4-2, the Conference attracted about 40 participants.

Prof Chowdhry spoke on making universal financial access possible through the advocacy efforts of Financial Access at Birth (FAB) Campaign. As a co-founder of FAB, he urges governments to ensure that every new-born child starts with a deposit of US$100 in a bank account at the time of official birth registration. The aim is to allow everyone to have access to financial services in a few decades, to help them get out of the poverty cycle.

Prof Chowdhry is also  a Professor of Finance, and Faculty Director, Master of Financial Engineering program, at UCLA Anderson where he has held an appointment since 1988.

Assoc Prof Lam Swee Sum from NUS Business School chaired this conference, and presented two papers that she co-authored. One of the papers covered intergenerational philanthropy, while the other paper focused on venture capitalist practices for sound social investment.

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In Conversation with Sasa Vucinic
 

The Business School community had the honour of hearing from Mr Sasa Vucinic, the co-founder and managing director of Media Development Loan Fund (MLDF), on 20 Aug. 

Mr Vucinic talked about MLDF’s model of being a social investor and lender to independent media start-ups, especially in developing countries. Since it was founded in 1995, MLDF has provided more than USD 100 million in capital to 220 projects of more than 80 independent news businesses in 24 countries. In addition to financial assistance, MLDF also provides training to the founders of these media start-ups on managing the businesses to become financially sustainable.

 
Mr Sasa Vucinic interacting with attendees of his talk

He elaborated that a lot of beneficiaries of MLDF are located in remote areas with little or no initial access to information outside their communities. Thus, by assisting the media start-ups in these communities, MDLF helped to open these communities to social change like primary health care and education.

This talk, held at Room 2-1 of the Mochtar Riady Building, attracted about 30 participants.

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National Day Awards
 
Ms Phyllis Kum
 

National Day Awards are a means of recognizing various forms of merit and service to Singapore. This year, NUS Business School’s Financial Controller, Ms Phyllis Kum, was among the 3192 individuals who received National Day Awards. She received the Commendation Medal for 2010.

Ms Kum is one of the School’s longest-serving professional staff, and a highly effective and valuable financial controller. Over the past 11 years, she has handled an array of difficult and delicate financial and staff matters with great professionalism.

In addition to managing financial matters of the School, Ms Kum also leads the HR function for the non-teaching staff. Her willingness to try and adopt new ideas, schemes and procedures that further enhanced the efficiency and effectiveness of the School.

 
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Refreshed look of the School's website
 
 

NUS Business School has recently updated the look of its Homepage and the corporate pages, to be in line with the new University web guidelines. Click here to view the latest updates on the refreshed Homepage.

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New book on Financial Accounting
 

Dr Winston Kwok from Department of Accounting has recently co-authored a textbook on financial accounting. Titled “Financial Accounting: Information for Decisions”, the book aims to help students develop good decision-making habits when they prepare, analyze and apply accounting information.

The book includes International Financial Reporting Standards, accounting analyses, revision questions at the end of each chapter, and sample financial statements for students’ practice.

This textbook is currently sold in the Asian countries, at a recommended retail price of S$70.00.

 
The newly-published textbook on Financial Accounting
 
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BBA Orientation
 
Freshmen having fun at the Orientation Camp  

The Freshmen Orientation Camp for the new BBA students was held over three days from 21 Jun to 24 Jun. The participants enjoyed a variety of activities, such as station games, secret pal, and introduction to Bizad traditions such as the Bizad Cheer Medley and the Bizad Cheer Fight. They also spent Day 2 at Sentosa with more fun activities with their new-found friends.

As part of the orientation programme, the freshmen also took part in building the float using recycled materials for the Annual Rag Day, together with their seniors from Year 2.

The team from Business School, affectionately named Team Brag, paraded the float at NUS Sports and Recreation Centre on Rag Day, which was held on 6 Aug.  The spectators cheered on as Team Brag Dance Team, made up mainly of freshmen, wowed the crowd.

The team from the School raised the largest amount of money for charities on Flag Day, although the Chancellor Shield went to another team. Rag provided ample opportunities for bonding that will see these students through University life and beyond.

Team Brag and the float
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MBA Orientation
 
The new MBA students having fun at Outward Bound Singapore
 

The new batch of approximately 200 students for the MBA programmes were introduced to school life at NUS through an orientation programme organised by the School’s MBA Office.

The group consisted of new part-time and full-time students from various MBA programmes, including The NUS MBA and Double-Degrees programmes such as the NUS-PKU MBA, NUS-HEC MBA and Master of Public Policy jointly offered by Lee Kuan Yew School of Public Policy.

The participants were introduced to various facilities in NUS on the first two days of the orientation. Held on 29-30 Jul, they attended talks by senior faculty members of the School at the Hon Sui Sen Auditorium, and toured the campus to learn more about the available resources.

They then bonded further with their fellow classmates through a two-day programme at Outward Bound Singapore on 2-3 Aug. The much-anticipated outdoor adventures were good opportunities for team-building among the participants. 

Participants came from diverse backgrounds and nationalities, with many of them being first-timers to Singapore.

“We’re happy to welcome the freshmen and to see them having so much fun during the orientation,” said Mr Caleb Chew of the MBA Office.

The new MBA Students getting to know one another on campus
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NUS MBA Luncheon
 
Second-year MBA students start the semester with a celebration
 

Second- year students from various MBA programmes were welcomed back to the School over a Luncheon on the afternoon of 10 Aug.

A total of approximately 250 students hailing from 37 different countries attended the event at the NUS Kent Ridge Guild House. There were 105 full-time MBA students, 37 full-time double-degree students, 50 part-time students, and about 60 exchange students for the MBA and CEMS MIM programme.

Acting Deputy Dean, Prof Teo Chung Piaw, Vice-Dean for Graduates Studies, Prof Quek Ser Aik and other faculty members graced the event. Mr Prashant Pundrik, Vice-President of MBA Alumni Association, was also present to welcome the students back to School.

Attendees got to hear of the upcoming activities lined up for them in the new semester, and enjoyed a scrumptious lunch over friendly conversations. It was also a good opportunity for them to get to know the faculty members present.

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A Meeting of Great Minds
 

When Titans meet, namecards are exchanged and wine glasses go clinking. Slated as the greatest NUS Business School Chinese Networking Event of the year, 57 of our APEX-Chinese students met face-to-face with 57 of our MPAM students on 24 Jul at the Guild Hall of Kent Ridge NUSS Guild House.

Together with key members of the teaching faculty, Mandarin Alumni, bilingual APEX-English and UCLA - NUS Executive MBA participants and alumni, the event with 144 participants was abuzz with the excitement of establishing “guan xi” and much fun.  

 

Participants at each table, made up of four persons from APEX-Chinese, four from MPAM, one teaching staff and one other EMBA participant or alumni, interacted freely.

It was a good opportunity for old friends to catch up with one another, and to get to know new friends.

As Prof Brian Hwarng, the emcee of the event, called up the names of people from major Chinese provinces, Taiwan, Singapore and Malaysia to identify themselves, participants coming from the same regions waved eagerly at one another.

The highly charged atmosphere then exploded into songs, with Alumni Director Mr Aw Beng Teck taking the lead to serenade the crowd with a popular Hokkien song. The audience gave him much encouragement with loud cheers and applause.

By the end of the evening, every cohort has taken to the stage at least once, to sing their hearts out, and ended the event on a high note.

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Top Trader
 
Derwin Chua, the new Thomson Reuters Top Trader
 

One of the Accounting students at NUS Business School, Derwin Chua Swee Heng emerged champion at the 2010 Thomson Reuters Top Trader competition.
 
The Thomson Reuters Top Trader competition is an equities trading competition, trading shares listed on the New York, London, Tokyo, Hang Seng and Bombay stock exchanges. Participants were presented with a £1 million fantasy budget and invited to build a market-beating portfolio.

Derwin had to compete with university students from all over the world, including Brazil, France, Germany, Japan, United Kingdom and the United States. The competition ran for eight weeks and Derwin had to trade throughout the duration of his exams. Due to the time difference, he had to endure the lack of sleep in order to track the markets, do research and manage his stock. His efforts paid off as he emerged champion of the competition.

Derwin had an internship with RBS (The Royal Bank of Scotland plc) as a Summer Analyst in Global Banking & Markets (Trading) from June to August this year.

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Explore Singapore and Networking Dinner
 
The new MBA students posing by the Singapore River
 

The new foreign students joining in the NUS MBA Programme were introduced to Singapore through a guided tour round the island on 5 Aug.

After gathering at NUS Business School, the participants were first brought to the Singapore Botanic Gardens, where they were introduced to the natural heritage of Singapore. They then visited Little India, and learnt about the early Indian migrants and the Indian community in Singapore.

As the tour bus drove past Orchard Road, they were told of how orchards used to be located there, with nutmegs being one of the main fruits grown there. They were also brought to the Asian Civilization Museum and took a walk along the Singapore River. At the riverside, they learnt of the place where Sir Stamford Raffles first touched down in Singapore.

The group, made up of about 70 persons, then crossed the Cavenagh Bridge to visit the Fullerton Hotel and viewed its gallery which explained its history.

Organised and facilitated by Global Alumni Network Office of the School, the tour made the participants discover the rich heritage and diverse cultures in the small city-state of Singapore.

The group adjourned to the NUS Guild House at Suntec City after the tour, for the networking dinner with the MBA alumni.

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Photographers Association launched in Beijing
 

After having put in much effort, the alumni from The Northern China Alumni Network (NCAN) officially launched its Social Club on 24 Jul in Beijing. Photographers Association was launched at the same time, with the installation ceremony of its committee being held at the meeting room of Cai Jia Wa Ecological Farm.

Mr Du Haibo from APEX-C 2003 cohort, who is also the Chairman of Advisory Board of NCAN, delivered the opening speech.

 
Photography enthusiasts exchanging pointers

President of Executive Committee of NCAN, Mr Jia Changbin of APEX-C 2003 cohort, spoke about his love for photography during his keynote speech. “Photography helps one to open the mind. That’s why I love it so much… it also gives you the good eyes to discover beauty,” he said. He introduced basic photography skills using digital single lens reflex camera, and shared some of his works with all attendees.

After the talks, the attendees toured the Ecological Farm which was invested by Mr Huang Jun Ming from APEX-C 2009 cohort. They then drove to a field named “Purple Paradise” to practice taking photos, and had dinner there.

More than 30 attendees, comprising alumni and their families, joined the day-long event and enjoyed themselves there.

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A Journey to Zhanjiang and Evergreen
 
 

Over 10 alumni from Southern China Alumni Network (SCAN) and their families took part in the “Journey to Zhangjiang & Evergreen” tour held on 31 Jul to 1 Aug.

Participants enjoyed the beautiful sceneries of the South Sea and Huguangyan Districts in Zhanjiang on the first day.  They then toured the premises of Evergreen Group Co Ltd, with alumnus Mr Chen Dan of APEX-C 2001 cohort as the host. Mr Chen, the founder and Chairman of Guangdong Evergreen Group Co Ltd, shared about his entrepreneurial journey of turning his company into one with a yearly output of RMB6 billion and over 10,000 employees in just 12 years.

Mr Chen also offered his time for discussions on management and entrepreneurship with the alumni.  After the discussion, the group visited the Volcano Sight at Huguangyan Landscape District and took a walk beside Ma’er Lake.

Despite his tight schedule, Mr Chen arranged for and accompanied the visiting alumni on a cruise on the South Sea on the second day of the tour, and also brought them to his aquaculture site.

He then hosted a farewell banquet before his new-found friends left for their homes.

The participants pointed out that they thoroughly enjoyed Mr Chen’s company, for he made them feel comfortable just like an old friend would.

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Hiking in Xisha Wetland in Shanghai
 
 

Eastern China Alumni Network (ECAN) organised a hiking trip to Xisha Wetland, in Chongming, Shanghai, on 31 Jul. This was the first outdoor activity since the formation of “One earth one home” outing Club, and was led by Mr Zhang Runbin, APEX-C alumnus of 2003 cohort.  Mr Zhang is also the President of this Club.  The Club aims to introduce outdoor activities and promote healthy lifestyle.  

This activity was attended by 11 participants, including Eastern China alumni, newly matriculated students of the APEX-C programme, faculty and staff.  The group set off around eight o’clock in the morning and arrived at Xisha Wetland on Chongming Island around ten o’clock. They then covered nearly 20km on foot, hiking under the hot sun with temperatures reaching 37 degrees Celsius.

After the hike, the group visited a country cottage in the Wetland and enjoyed the authentic native cuisines of Chongming. During the meal, the participants shared insights from this activity, discussed about the proposed 10km weekly walks in the Century Park of Shanghai, and called for active involvement of the alumni.  This trip also marked the first reunion of APEX-C class of 2003.

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  SCHOOL NEWS
  Third CEO Luncheon
  YOG Flame passes by Mochtar Riady Building
  New agreement for use of investment software
  Conference on Philanthropy
  In Conversation with Sasa Vucinic
  National Day Awards
  Refreshed look of the School's website

Get connected with your fellow alumni here!
 
FACULTY NEWS
New book on Financial Accounting
 
STUDENT NEWS
BBA Orientation
MBA Orientation
NUS MBA Luncheon
A Meeting of Great Minds
Top Trader
 
ALUMNI NEWS
Explore Singapore and Networking Dinner
 
NEWS FROM SHANGHAI OFFICE
Photographers Association launched in Beijing
A Journey to Zhanjiang and Evergreen
Hiking in Xisha Wetland in Shanghai
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