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Asia Business Development – Asia Business Consulting » Spire E-newsletter Q3 2014

SpirE-Journal 2014 Q3

Spire E-newsletter Q3 2014

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Spire E-Newsletter Q3 2014

Spire joins AmCham Corporate Community Day for seventh consecutive year

27 September 2014

Spire Singapore collaborated with the Singapore Children’s Society for the fourth consecutive year, in support of AmCham Singapore’s Corporate Community Day (CCD) 2014. This is the seventh year in which Spire has been participating in the CCD program, which aims to promote corporate volunteerism.

Spire Singapore took beneficiaries of the Singapore Children’s Society to a pizza making session. The children were thrilled by their new-found ability to make their own edible creations. They enjoyed the morning while at the same time picking up a useful and confidence-building skill, not to mention many fun facts about the history of pizza.

We were honored by the visit of Deputy Chief of Mission at the US Embassy Blair Hall, who joined us with his wife Valerie. Valerie joined in the pizza making session. Blair and his team interacted with the beneficiaries as well as the staff and volunteers of Spire Singapore and the Singapore Children’s Society.

The enthusiasm did not die down even as the fun-filled day ended. The children had a ball of a time!

Spire Client Entertainment Night September 2014

25 September 2014

Spire Singapore hosted its Client Entertainment Night once again in September. Our clients and business partners joined us for a dinner reception followed by the movie screening of “The Equalizer”. The event was held at Cathay Cineleisure Orchard. It was an opportunity for everyone to relax after another hard day’s work.

An action-packed thriller based on the same television series, “The Equalizer” featured a powerful performance by Denzel Washington playing a retired black ops government operative who fakes his death in exchange for living a quiet life. Nonetheless he still gets embroiled in saving a teenager, Teri (Chloe Grace Moretz) from the Russian Mafia.

Spire’s team members, clients and business associates enjoyed an evening of catching up over good food and a movie.

Spire partners with Pearson once again to conduct study in India

3 September 2014 (Business Wire India)>

3 September 2014 (IT News Online)

3 September 2014 (MoneyLife)

3 September 2014 (The Telegraph, Calcutta)

4 September 2014 (The Times of India)

In mid-2014, Spire Research and Consulting collaborated with global education service provider Pearson for the second time, to conduct a study of 5,145 teachers in schools and higher education institutes across 247 cities in India. The study revealed that teachers ranked skill and personality development as the most important area to focus on for improving learner outcomes.

The Pearson-Spire study revealed that nearly 50 percent of students who had entered a classroom lacked the academic, vocational and cognitive skills requisite for that level. This implied that most learning environments were failing their students.

In spite of these sobering findings, most teachers (79 percent) still perceived a noted improvement in India’s learning environment over the past decade. These improvements were noted to have come about through the practical exposure gained by teachers, teaching combined with technology, teacher training on new methodologies as well as an improved curriculum and structured assessment criteria.

A majority (92 percent) of teachers felt that India’s assessment system focused primarily on examination results. On the other hand, 94 percent of the teachers personally used skill and personality development standards to measure their own students’ success as a learner. This was followed by job and higher education preparedness (83 percent) and the results of tests and exams (57 percent).

It remains to be seen whether the learning environment for Indian students will evolve to encompass a more holistic approach to education, one that places skill and personality development at its heart

Spire talks about Malaysia’s local market at the Franchise International Malaysia 2014 Conference

14 June 2014

The retail and food & beverage (F&B) sectors contributed MYR 434 billion to Malaysia’s Gross Domestic Product (GDP) in 2013. In a bid to facilitate the contribution of franchising to retail growth, the Franchise International Malaysia 2014 Conference gathered industry professionals to share insights and explore opportunities within the local retail market.

Jeffrey Bahar, Deputy Chief Executive Officer of Spire Research and Consulting, was amongst the guest speakers at the Franchise International Malaysia 2014 Conference held in Kuala Lumpur, Malaysia. In his presentation, Bahar emphasized the steady rise of Malaysia’s retail market.

Malaysia had seen impressive economic growth compared to its Asian neighbours; registering 6.2% real GDP growth in Q1 2014, while Thailand, Vietnam, Singapore and Indonesia reported -0.6%, 4.9%, 5.1% and 5.6% GDP growth respectively.

The retail sector had been a key contributor to this growth. The average Malaysian consumer still preferred to dine out which, together with tourist spending, caused F&B retail sales to hit MYR11.2 billion. In addition, the higher occupancy rate in retail space reflected rising demand for clothing and apparel retail. For instance, 44 million square feet was occupied in the Klang Valley alone in 2013.

Another driver of retail and F&B sales was tourism. Some 25 million tourists arrived in Malaysia annually. In 2014, the daily average foreign tourist spending was RM293 and RM172 on retail and F&B respectively.

Bahar projected that Malaysia’s retail sector would continue its forward momentum in the coming years. However, it remained to be seen whether this robust growth would outpace Malaysia’s Asian neighbours to enable it to become a regional hub for retail.

Bahar’s presentation deck on “Malaysia’s local retail market” can be found here.

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