It was, though, not always so smooth and successful a ride. For my business, it's the worst hit of everyone who has been hit. Entrepreneurship by itself is such a risky proposition that we need to teach young people how to reduce the risk of the path towards entrepreneurship and not glamorize it. Highlights. Photo courtesy of Banyan Tree Holdings. He joined the family business in 1981. Being young and naïve, we purchased it. Mr. Ho Kwon Ping is the owner-founder and Executive Chairman of Banyan Tree Holdings, which owns both listed and private companies engaged in the development, ownership and operation of hotels, resorts, spas and galleries, residential homes, and other lifestyle activities around the world. Ho: In China, high-end resorts all look like Greek palaces, because they are for the newly rich. Because it is big in its branches, everything under the Banyan Tree is always kept dry. Ho Kwon Ping, executive chairman of Banyan Tree Holdings, said while there's no real way to measure the appetite for international travel in Asia, domestic travel has seen strong demand. “At that time, it was about building a foundation for Singapore, about education and jobs,” says Chiang. Executive Director and CEO, HCL Corporation. He is the Executive Chairman of Banyan Tree Holdings, a Singapore-based leisure business group, which owns both listed and private companies engaged in the development, ownership and operation of hotels, resorts, spas, residential homes, retail galleries and other lifestyle activities in the region. No comments: Post a comment. Founders Claire Chiang (left) and Ho Kwon Ping (right) / Image Credit: China Daily. Singapore: The Next Fifty Years - Lecture IV: Demography and Family by Ho Kwon Ping. One out of 90 succeed so the track record isn’t good. Without much research, they simply bought the land – without realising how polluted it actually was. Ho: I’m trained as a development economist and my wife is a development sociologist. Ho Kwon Ping was educated at Tunghai University in Taiwan, Stanford University, and the University of Singapore. He worked as a broadcast and financial journalist and was the Economics Editor of the Far Eastern Economic Review. Lee Suan Yew (LKY brother), former director of HPL 19. Jean Eric Salata . Banyan Tree Holdings. In 1977, while working as a journalist for the Far Eastern Economic Review, an English Asian news magazine based in Hong Kong, Ho was detained under the Internal Security Act for writing articles in the Review and held in solitary confinement for two months. Celebrating diversity rather than single Singapore identity: Ho Kwon Ping. It’s about mapping the topography, looking at master planning with guidance that is more appropriate to the terrain, and building to the local culture. The fourth hotel was on a piece of land with no beach. Opinion | How Singapore can play a crucial role in the emerging Pax Sinica by bridging East and West Ho Kwon Ping. It makes sense, but are we as a society a long way from achieving that? Ho Kwon Ping (b. (deceased?) The founder and executive chairman of the Singapore-based hospitality group speaks about the road to recovery and sustainability’s key role in his future plans. At that time, we decided to innovate to remove the focus away from the fact that the resort was not directly situated on the beach. We decided on the name Banyan Tree for two reasons: the symbolism of Banyan Tree internally â€“ something we could tell our associates â€“ which is that it’s the name of a simple fishing village in Hong Kong that afforded us the opportunity to create our own world early in our lives, reminding us that a warm, intimate setting is more important than fancy trappings. As a family business, is it challenging to get away from it at times? We have about 9,000 employees today â€“ 59 nationalities spread across many countries. Chiang: A lot of development in West China is happening because the government now sees tourism as an economic lever for growth and development. See the complete profile on LinkedIn and discover Kwon Ping’s connections and jobs at similar companies. He worked as a broadcast and financial journalist and was the Economics Editor of the Far Eastern Economic Review. He worked as a broadcast and financial journalist and was the Economics Editor of the Far Eastern Economic Review. He is the Executive Chairman of Banyan Tree Holdings, a Singapore-based leisure business group, which owns both listed and private companies engaged in the development, ownership and operation of hotels, resorts, spas, residential homes, retail galleries and other lifestyle activities in the region. Is there a certain feel to each so you know you’re in a Banyan Tree property? The Singapore Bicentennial Conference . Ho Kwon Ping is the owner-founder and Executive Chairman of Banyan Tree Holdings, which owns both listed and private companies engaged in the development, ownership and operation of hotels, resorts, spas and galleries, residential homes, and other lifestyle activities around the world. Ho's foray into the business world came several years later when he decided to join the family business after his father suffered a stroke. Of the 9,000, we probably have 2,000 to 3,000 in middle management. We have signature items such as our pool villas, the gallery, and the Saffron signature restaurant, as well as the way you are greeted when you come in â€“ that is a Banyan Tree touch point. Chairperson, HCL Technologies. He worked as a broadcast and financial journalist and was the Economics Editor of the Far Eastern Economic Review. You don’t do a beach resort without a beach, but when you’re young, you don’t consider failure. What is the history of Banyan Tree? Mr Ho Kwon Ping is the Founder and Executive Chairman of Banyan Tree Holdings and Laguna Resorts and Hotels, and Executive Chairman of Thai Wah Public Company. Ho Peng, (Ho Ching sister), Director-General of Education MOE. Baring Private Equity Asia. Ho: This started as a family business, but if it’s going to continue beyond us, it has to be a culture where our closest associates from the lowest to the highest feel a sense of ownership of Banyan Tree. Family is whoever is trusted to be part of the decision-making process. We have historically brought them to a training academy in Phuket to mix with each other for a two-week program where the faculty are our internal senior people, so they not only learn technical things but also about the culture. There are now several million Chinese who have been educated in the U.S. and elsewhere, and are now proud of their heritage and want to travel throughout China to feel the authenticity of Chinese culture. “For various reasons, we’ve reduced our burn rate, we’ve negotiated bank loans. Ho Kwon Ping (Chinese: 何光平; born 24 August 1952) is a Singaporean businessman. Over thirty years ago, back in 1984, Singaporean couple Ho Kwon Ping (65) and Claire Chiang (66) chanced upon a vast expanse of coastal land in Phuket, Thailand, that used to be a tin mine. Ho Kwon Ping's foray into the business world came several years later when he decided to join the family business after his father suffered a stroke. Law Awareness Week 2020. Banyan Tree Shanghai On the Bund. – Ho Kwon Ping, Banyan Tree Holdings “Thankfully we’ve extended our survivability past two years, even if it’s a worse-case scenario,” he noted. 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