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We must take globalisation seriously. We expect toexport more and sell more outside of <strong>Singapore</strong>than in <strong>Singapore</strong>. We must send our best overseas.staff development in ST Engg, and as animportant step in building an e-communitywithin the company.We need to encourageand help our employees move towardsthe new economy with confidence.Weneed to help them be more conversantwith Internet technology, to be able toaccess the wealth of information in theInternet world.The Internet could thenbecome a tool for training and retrainingour staff.We want them to stay relevant,competitive and more employable in thenew economy.As a Group, we want to build ane-community within the company whereknowledge is shared among all employees.There is a wealth of knowledge within theorganisation, some of which may neitherbe documented nor shared; it may beresiding in the minds of various individuals.We want to be able to harness and sharethis knowledge.We want to build ane-community where problems, issues andtechnical challenges are posed and shared,and others in the community can contributeand share their experience andknow-how.We want to build a livelye-community where our people can discussissues, solve common problems, and evendevelop new ideas through sharing knowledge,experience and ideas.The $2,500 help we offered follows anearlier $400 that we gave to each staff topurchase IT products or attend IT courses.This is part of our efforts to increase the e-literacy of our staff and to get everyone onboard our e-community. Sometimes it is achallenge of the mind rather than anythingelse, and we want to give our staff theopportunity to break that feeling that theycan’t do it. Recently there was an articleabout a 60-year old lady who went for ITtraining. If the 60-year old lady can do it, Ithink our employees can do it too.Q8: The recent expansion of the Internetand the “new economy” has affected businessesin all industries and will continue to havesignificant impact on business models andmarket structures going into the future. Howis ST Engg positioning itself for thischange?The objective of our e-initiatives is to leverageInternet technology as an enabler to help us creategreater customer satisfaction and to improve our costcompetitiveness vis-à-vis our competitors.TPH: We have embarked on variouse-initiatives in the last couple of years.Weare clear about what we want from oure-initiatives.We are not a dot-com companyand we do not intend to become one – thatis not part of our core business.The objectiveof our e-initiatives is to leverageInternet technology as an enabler to helpus create greater customer satisfaction and“stickiness”, and to improve our costcompetitiveness vis-à-vis our competitors.Such measures would help to ensure ourlong-term competitiveness and revenuestream.We recognise the need to be an earlyadopter of new technologies and new businessmodels in order to stay ahead of competition.Over the past couple of years, wehave developed and continuously improvedour Customer Relationship Managementsystem, Supply Chain Management systemand Enterprise Resource Managementsystem. Under our e-procurement initiatives,our tie-up with Freemarkets’ reverseauction marketplace provides an excellentexample of how significant cost savings canbe achieved through our e-initiatives.Q9: In terms of ST Engg culture, whatwould you want to see?BSF: A free flowing, fun loving, excitingand challenging place to work, play andto grow; seeking to conquer the worldtogether; stressful yet relaxing, supportiveyet demanding, teaching and learning,creating and innovating while showingrespect for one and all.46 • visionq&a • 47
B O A R D • O F •D I R E C T O R SLOOKINGAHEADho chingchairman, st engg;president &chief executive officer,singapore technologies pte ltdST Engg’s Board of Directors.Realistic and practical, they set theirsights upon what can be achieved;imaginative and ambitious, theybelieve that the realm of the possiblefor ST Engg is great.They play theirpart as active shapers of the Group’sstrategy, monitoring its progress,thinking about where it could be inyears to come and planning the wayforward.Together, they haveexperience, knowledge and vision thathave proved invaluable in makingST Engg what it is today.board of directors • 49
Page 1 and 2: S I N G A P O R E T E C H N O L O G
Page 4 and 5: editor’s noteC O N T R I B U T O
Page 6 and 7: “Opportunities Abound forNiche Pl
Page 8 and 9: Helping OthersLADY WHO MAKESA DIFFE
Page 10 and 11: NOV29 DECS$2.79JANJUNJULAUGOCTYEAR
Page 12 and 13: Turnover (S$ million)Profit before
Page 14 and 15: ECONOMIC VALUE ADDED STATEMENTS (S$
Page 16 and 17: T H E E - L I S TT H E E - L I S Ts
Page 18 and 19: It was a good year for ST Engg, wit
Page 20 and 21: GROUP TURNOVER INCREASED FROM S$1.7
Page 22 and 23: THE NEXTSTEPSvision chats with ST E
Page 26 and 27: B O A R D • O F •D I R E C T O
Page 28 and 29: D I R E C T O R S• AEROSPACE• E
Page 30 and 31: T H E • S E N I O RM A N A G E M
Page 32 and 33: M A N A G E M E N Thuman resource b
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Page 36 and 37: WE HAVE GOOD REASONSto be pleased w
Page 38 and 39: AEROSPACE CUSTOMER TALKAIR VICE MAR
Page 40 and 41: R E : V I E WElectronicsBy Seah Moo
Page 42 and 43: P A R T N E R SFORMING PARTNERSHIPS
Page 44 and 45: The ATTC created a splash when it w
Page 46 and 47: LAND SYSTEMS CUSTOMER TALKMARINE CU
Page 48 and 49: MARINE CUSTOMER TALKCruise vessel r
Page 50 and 51: GROUP FINANCIAL PERFORMANCE1. ACQUI
Page 52 and 53: TRANSFERS TO OR FROM RESERVES AND P
Page 54 and 55: RELATED CORPORATIONSHOLDINGS IN THE
Page 56 and 57: The SGX’s Listing Manual requires
Page 58 and 59: BALANCE ASAT 1.1.2000 BALANCE NO. O
Page 60 and 61: BALANCE SHEETSAS AT 31 DECEMBER 200
Page 62 and 63: STATEMENTS OF CHANGES IN EQUITY (co
Page 64 and 65: NOTES TO THE FINANCIAL STATEMENTS31
Page 66 and 67: Included in the share capital is a
Page 68 and 69: 8. FIXED ASSETS (cont’d)THE GROUP
Page 70 and 71: EFFECTIVE EQUITYINTEREST HELDBY THE
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PROVISION FOR DIMINUTION IN VALUE O
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(b) Details of joint ventures are a
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13. STOCKS AND WORK-IN-PROGRESS14.
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20. DUE FROM RELATED CORPORATIONS21
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Lease terms do not contain restrict
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GROUPCOMPANY2000 1999 2000 1999NOTE
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GROUP2000 1999NUMBER OF SHARES (’
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45. SEGMENT INFORMATION (cont’d)L
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their audit to the independent dire
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SINGAPORE TECHNOLOGIES ENGINEERING
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AEROSPACE SECTOR VALUE ADDED STATEM
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ELECTRONICS SECTOR BALANCE SHEETSEL
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international recognition as a majo
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REVIEW OF FINANCIAL PERFORMANCE - M
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MARINE SECTOR FINANCIAL HIGHLIGHTS1
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SINGAPORE TECHNOLOGIES KINETICS LTD
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Professor Lui Pao Chuen is the Chai
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Contacte-mailContacte-mailASSOCIATE
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MARINE SECTORASSOCIATED COMPANIESNO
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PROXY FORMSINGAPORE TECHNOLOGIES EN
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end page• AEROSPACE• ELECTRONIC
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