View - Singapore Technologies Engineering

editor’s noteC O N T R I B U T O R SCompany Secretary CHUA SU LI and her team documentOfflineS I N G A P O R E T E C H N O L O G I E S E N G I N E E R I N G A N N U A L R E P O R T 2 0 0 0online at www.stengg.com/ar2000ST ENGG SETSITS SIGHTS ONBIGGER MARKETSA U S T R A L I A C H I N A I N D O N E S I A J A P A N M A L A Y S I A S I N G A P O R E T A I W A N U A E U S A U K V I E T N A MOnlinewww.stengg.com/ar2000Log in.editor-in-chiefcompanysecretariescorporatecommunicationse-businessfinancehuman resourcephotography coordinationprint & web designonline at www.stengg.com/ar2000printingshirley tanRESEARCH & REPORTINGchua su limary kangkaren ngprema subramaniamjanice tanlaura chuajennifer lohmagdalen lohcelina lownatalie mahchang cheow teckraphael chinpatrick leeng bor weelaurence ongeleana tanchia boon cherlim hock lailorraine ngtan nga koktay cheng beewu siew tsenCREATIVE & PRODUCTIONcelina lowyu long nyuwordmaker designpte ltdsnp sprint pte ltdVISION is published bySingapore Technologies Engineering Ltd51 Cuppage Road#09-08 StarHub CentreSingapore 229469Tel: (65) 836 1138Fax: (65) 836 1933E-mail: comms@stengg.comWebsite: www.stengg.comAll rights reserved. Copyright @ 2000 bySingapore Technologies Engineering Ltd (ST Engg).No information herein should be reproducedwithout the express written permission of ST Engg.All information herein was correct at time ofpublication. For updated information, pleasecontact our Corporate Office.A New VisionWE CAN LEARN OF EVENTS HAPPENING IN A STATE HALFway around the globe within seconds of the inhabitants ofthat country hearing about them.We can communicate withfriends, relatives and business partners in other lands morequickly (and often at a lower cost) than ever before.We enjoy thecuisines of differentcountries, watchfilms and televisionprogrammes fromabroad and useimported materialsin our work placesand homes. Around the world,the story is similar: othersobserve us, call us, try outour cuisine and use goodsthat companies based in ourcountry have sold to them.This is the context withinwhich a large modern businessmust be ready to operate. Itcan mean being exposed totough competition and tryingto operate in unfamiliar areas.To survive and prosper, it isnecessary to be able to learnquickly and be flexible andimaginative.We sometimesneed to re-examine what wethink we know and, in thelight of experience, makechanges in our thinking andways of doing things.To take one small example:we all know what should be ina company’s annual report.We know because the basiccontents (including theChairman/President’s reportand a comprehensivefinancial statement) have beenshown in practice to be avaluable and necessary meansof summing upthe company’sperformance.Sometimes theinformation offeredis not in a “form”;sometimes we puzzleover the meaning of asentence, statistic or group ofinitials; a detail mentioned inpassing catches our attention,but all we have is a tantalisingglimpse of something thatlooked interesting, but ofwhich we see no more.In vision, we set out thebasic information that readerswould expect to find, but tryto make it more accessiblethan ever before.We gobeyond that, to give a morerounded perspective on STEngg. Here, you will find outmore about the context inwhich it operates, how itfunctions and what it does inorder to deliver results.This is a move with thetimes. Each reader can selectwhat he or she wants: whetherit is the bare bones of ST Engg’sperformance, or informationthat builds into a bigger picture.We share our vision with you.Shirley Tan is Vice President/Head of the Corporate Communicationsteam. She plays a key role in communicating the company’s values andmessages to the media, public and investors. Shirley and her team,together with the contributors of the various teams, bring you vision.the tireless efforts of the respective Board Committeestowards establishing good CorporateGovernance practices and captureother corporate information to giveshareholders comfort in knowing thatthe company is being kept on the straight and narrow.Executive Vice President/Group Financial ControllerELEANA TAN and her finance comradesensure that the Group’s financialstate of affairs is always properlyreported. Her team’s contribution tothe financial reports helps shareholders and industrywatchers to rationalise their investment and involvementin the company.Vice President/Director, HumanResource, TAN NGA KOK, is a firmbeliever that our products andservices can only be as goodas our people. Nga Kok and his team’s contribution inthis report gives an insight into the emphasis ST Enggputs on staff training and development and the creationof an environment for staff to give their best.President, VT Systems, Inc. andPresident, New Business, CHANGCHEOW TECK, has the challenging taskof developing new business for STEngg, this includes e-initiatives; and as President of VTS,he heads the US thrust for the Group.