INTERVIEW WITH CHIEF EXECUTIVE OFFICER
CHIEF EXECUTIVE OFFICER
& EXECUTIVE DIRECTOR
OW YEW HENG
Chief Executive Officer & Executive Director
BBus Accounting & Management
(University of Technology, Sydney)
1
What was management’s focus for FY2016?
During FY2016, management focused on
strengthening the Group’s foundation to
position its businesses for long-term growth.
Some key areas included the completion of
the evaluation and overhaul of operational
work processes, policies and procedures to
conform to best practices; and investments
in technologies/system upgrades to deliver a
more efficient and robust business operations.
Management also spent an inordinate amount
of time to grow our human capital assets and
widen the current talent pool by recruiting and
harnessing the best resources available in the
market. We continued to invest significantly
in training our existing team so that they will
be equipped to undertake future expansion
opportunities.
In addition, we also carried out a holistic
review of our overall loan facilities leading
to lower interest rates that were achieved
across the entire portfolio. Please refer to the
Consolidated Income Statement in the Annual
Report for further details.
2
What are your plans moving forward?
Ensuring sustainability and maintaining our
competitive edge in a challenging market
dominated by third-party managers, particularly
the global brands, continue to be our key focus
in the coming year.
Management
remains
committed
to
strengthening our foundation in both
development and hotel management segments
to support a longer-term strategic growth
plan. We will continue to identify and explore
appropriate avenues of growth in different asset
classes and further develop our position in
hotel management in other market segments.
While there is an abundance of assets available,
good assets in strategic locations with stable
recurring income and long term capital
appreciation, are few and far in between. The
team will continue its disciplined, systematic
approach to assess and seize the right
opportunities that come along.
19
ANNUAL REPORT 2015/2016
