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mysgprop-cstee · 5 months ago

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Tembusu Grand

Tembusu Grand

Capturing the hearts of both city and sea view lovers. Being in District 15 allows you to enjoy close proximity to East Coast Park and wide array of dining experience. EVERYTHING YOU NEED IS WITHIN REACH 📣Latest Price 1BR + Study 527-646 sf FR $1,360,000 2BR + Study 743-883 sf FR $1,965,000 3BR 1184 sf FR $2,648,000 - Last 4 3BR + Study 1173-1399 sf FR $2,698,000 4BR 1432-1604 sf FR $3,288,000 5BR 1711 sf FR $4,028,000 Penthouse 2691sf FR $7,888,000 ✅ Residential (Concierge) Serivces ✅ Exquisite Collection of 1 to 5 bedroom with luxurious built in layout ✅ Minutes walk to Tanjong Katong MRT ✅ Surrounded by a myriad of amenities ✅ Nature & Recreational amenities ✅ Within 1KM Schools: Tanjong Katong Primary, Haig Girls' Sch, Tg. Katong Sec, Chung Cheng High, Broadrick Sec. https://www.youtube.com/watch?v=M-P_li4CIHM "Your Way of Living" Quick LinksFact Sheet Unique Selling Points Nearby Amenities 360 Degree Drone View Floor Plan & Virtual Tour Official Brochures/ Floor Plan Balanced Units & Prices FAQsWhat's the land price for Tembusu Grand? When is the lease start for Tembusu Grand? Where is the showflat of Tembusu Grand? Tembusu Grand, sitting comfortably in the charming enclave of Tanjong Katong and East Coast, perfectly balances the need for tranquility while being at the centre of it all. A modern development with its unique stamp of quiet and understated elegance. Its towering architecture takes inspiration from the Tembusu heritage tree, featuring colours, textures and an iconic crown design that mirrors the tree’s sculptural form. All nestled within a lush, evergreen landscape with thematic gardens and beautiful water features. Tembusu Grand will be a short 5-minute walk to Tanjong Katong MRT station. The prime location in Katong connects the residents with connectivity, amenities and recreations. Shopping outlets like Katong Shopping Centre and Parkway Parade, Good Schools and Transportion nodes are minutes away. It's also an area surrounded with Historical Significance - The nearby Mountbatten Road Conservation Arean, The Secondary Settlements of Geylang and Joo Chiat and prime landed area (Goodman Road neighbourhood) adds to the uniqueness and character of the area.

For parents with kids, the Schools within 1KM: Haig Girl's, Kong Hwa, Tanjong Katong Primary. Schools between 1-2km: CHIJ Katong Primary, Geyland Methodist Primary, Tao Nan. You can find Pre-schools and International schools such as the Canadian International School are nearby too.

East Coast Park Singapore Tembusu grand is situated near East Coast Park, the longest park in Singapore, which stretches along the eastern coastline. East Coast Park offers a wide variety of amenities for people to utilise. For example, residents can head down to the Coastal Playgrove let their kids play around, rent Quad Bikes for the whole family, or even rent a glamping spot to unwind with loved ones. Fact Sheet TypeDescriptionsProject NameTembusu GrandDeveloper NameJV between City Developments Limited (CDL) & MCL LandLocation92, 94, 96, 98 Jalan Tembusu, Singapore (District 15)Tenure of Land99 Years Lease from 25th Apr 2022Expected Date of Completion (T.O.P.)31st Oct 2028 (Trending Q4 2025!)Site area210,622 SqftTotal No. of Units638 Units in 4 Blocks of 20 & 21 StoreysCar Parks516 Lots including 6 EV Lots, and 5 Accessible Lots (approx 80% allocation) Updated Fact Sheet for Tembusu Grand

City Developments Limited (CDL) is a leading global real estate operating company with a network spanning 100 locations in 28 countries and regions. Listed on the Singapore Exchange, the Group is one of the largest companies by market capitalization. Its income-stable and geographically-diverse portfolio comprise residences, offices, hotels, serviced apartments, integrated developments, and shopping malls. With a proven track record of over 50 years in real estate development, investment and management, CDL has developed over 40,000 homes and owns over 18 million square feet of lettable floor area globally. Its diversified land bank offers a solid development pipeline in Singapore as well as its key overseas markets of China, UK, Japan, and Australia. The Group’s London-listed subsidiary, Millennium & Copthorne Hotels plc (M&C), is one of the world’s largest hotel chains, with over 135 hotels worldwide, many in key gateway cities. Leveraging its deep expertise in developing and managing a diversified asset base, the Group is focused on enhancing the performance of its portfolio and strengthening its recurring income streams to deliver long-term sustainable value to shareholders. The Group is also developing a fund management business and targets to achieve US$5 billion in Assets Under Management (AUM) by 2023.

CDL - Track Record

CDL Past Track Records

On the other hand, MCL Land is a leading residential developer that constantly innovates in the pursuit of excellence and is dedicated to delivering superior customer satisfaction. With a continued pursuit of practical and smart home solutions, the developer strives to continually refine their ideas. MCL Land also believes in creating long-term value for our homeowners – through spaces that not only enables them to connect with their loved ones, but also with others who live and play in the same community. Over the past 50 years, MCL Land has established a legacy of building quality homes in both Singapore and Malaysia. Some of the notable developments from MCL Land include The Estuary, UBER 388, Este Villa, Terrasse, Palms @ Sixth Avenue, Hallmark Residences, Ripple Bay, J Gateway, LakeVille, Sol Acres, Lake Grande, Margaret Ville and Parc Esta. These are all projects that give MCL Land a seal of approval and project a sense of anticipation for any of its future developments, including this Northumberland Road new launch project.

MCL Land Track Record Unique Selling Points - Located in prime District 15, in charming enclaves of Tanjong Katong and East Coast - Within 1km to popular schools like Tanjong Katong Primary, Haig Girls’ School and Kong Hwa School - Surrounded by amenities in a matured Town – Jalan Tembusu - Surrounded by shopping centres. For example City Plaza, Joo Chiat Complex, Tanjong Katong Complex, Katong Shopping Centre, Tembeling Centre & i12 Katong. - Well-linked to expressways like ECP, PIE and KPE with a short drive to CBD and Changi Airport - Near to shopping malls, food centres and recreational amenities - Close proximity to Haig Road Market & Cooked Food Centre, Dunman Food Centre, Old Airport Road Food Centre - Two luxurious clubhouses and a host of comprehensive facilities - Luxurious spacious interiors with branded kitchen appliances and quality fittings - Thoughtfully provided smart home features and residential services - Jointly developed by two established developers in Singapore – CDL and MCL Land

Tembusu Grand Smart Home

Location Highlights

Tembusu Grand will be a short 5-minute walk to Tanjong Katong MRT station, improving connectivity and linking commuters to the Thomson-East Coast Line (TEL). The TEL brings residents close to the Marina Bay area in under 20 minutes, and those that work in the city area will be able to get to their offices easily. Residents can also take the TEL directly to Orchard, Maxwell and Upper Thomson. For those who drive, Tembusu Grand is located near the East Coast Parkway (ECP) and Marina Coastal Expressway (MCE), which allows residents to reach the city and Changi Airport around 10 minutes, making it highly convenient.

Tembusu Grand Location Map

There are several malls within the area, such as Parkway Parade Mall and i12 Katong Mall, which can be accessed via a 4-minute drive. There are even more retail malls further down towards the Paya Lebar Area, such as Paya Lebar Quarter, Paya Lebar Square and Singpost Centre. Additionally, there are several hawker centres nearby, such as Marine Parade Central Market & Food Centre, Dunman Food Centre, and Old Airport Road Food Centre. There are several popular schools nearby Tembusu Grand, such as Kong Hwa School, CHIJ Katong Primary and Haig Girls' School. Due to a reform to the Ministry of Education's home-school distance programme, the distance between schools and residences will be measured during Primary 1 registration exercises by calculating the shortest distance between a point around the school and the applicants' homes. As a result, this move will reduce parents' concerns regarding the distance between their homes and nearby schools.

Nearby Amenities Trains (MRT) • Tanjong Katong 734 m (Open 2024) • Dakota 1012 m Groceries/ Shopping • Katong Shopping Centre 500m • Katong V 690m • 112 Katong 900m Schools • Tanjong Katong Girls' 230m • Tanjong Katong Secondary 330m • Chung Cheng High School (main) 690m • Haig Girls' 960m • Kong Hwa 1.12 km

Site Plan & Unit Mixes

Tembusu Grand Condo truly brings home the essence of living in a lap of luxury with exclusive 638 residential units, where each unit comes fully furnished with various imported fittings and appliances. Equipped with a collection of extravagant facilities, this residence is the ultimate choice for your dream home in the metropolis. Some of this exciting areas include recreational facilities including swimming pool, gym, wet deck, kids' pool etc -- all of which are designed with the sole intention of promoting a truly holistic and luxurious living experience. .

Tembusu Grand Site Plan

360 Degree Drone View Live with top quality finishes of chic and sleek and spacious layout that is meticulously designed with luxury and elegance in mind. Each individual space is fitted with best of fittings and finishes with you in mind. Unit Mixes:

Tembusu Grand Unit Mixes Floor Plan & Virtual Tour

1BR +S Floor Plan

2BR Floor Plan

3BR Floor Plan

4BR Floor Plan

5BR Floor Plan

Penthouse Floor Plan

莉丰嘉园Tembusu Grand Facade

莉丰嘉园Co Working

莉丰嘉园Gyms

莉丰嘉园Grand Dropoff

莉丰嘉园Spa Pool

莉丰嘉园Water Lily Courtyard

莉丰嘉园Swimming Pool

莉丰嘉园Entertainment Room

莉丰嘉园Private Dining

莉丰嘉园Cantilevel Gyms & Waterfall

莉丰嘉园Kid's Play

莉丰嘉园PlayHouse

莉丰嘉园Living room

莉丰嘉园Kitchen

莉丰嘉园Bedroom

莉丰嘉园Bathroom Official Brochures/ Floor Plan E-brochure & Floor Plan Balanced Units & Prices 1BR + Study 527-646 sf FR $1,360,000 2BR + Study 743-883 sf FR $1,965,000 3BR 1184 sf FR $2,648,000 - Last 4 3BR + Study 1173-1399 sf FR $2,698,000 4BR 1432-1604 sf FR $3,288,000 5BR 1711 sf FR $4,028,000 Penthouse 2691sf FR $7,888,000 Please Contact Us at +65.84188689 It is important to only engage the Official Direct Developer Sales Team to assist you to enjoy the best possible direct developer price. There is no commission required to be paid. FAQs What's the land price for Tembusu Grand? $1,302 psf pprWhen is the lease start for Tembusu Grand? 99 Years Lease from 25th Apr 2022Where is the showflat of Tembusu Grand?The showflat is located at 11 Jln Gajus, Singapore 438499. Showflat appointment can be booked via Whatsapp to avoid disappointment.

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#CondoTOP2025 #District15Property #SingaporeCondoNearGoodSchools #Singaporenewcondo2023

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saviourtrees · 7 months ago

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Title: Navigating Singapore's Rent House Market: Trends, Challenges, and Opportunities

Introduction

Singapore's vibrant real estate sector, known for its dynamic and ever-evolving landscape, offers promising opportunities for investors and entrepreneurs in the rent house business. As one of Asia's leading financial hubs with a thriving expatriate community and a robust economy, Singapore presents a conducive environment for rental property ventures. In this article, we delve into the trends, challenges, and opportunities within Singapore's rent house business.

Trends in Singapore's Rent House Market

Rise of Co-Living Spaces: With the increasing preference for flexible living arrangements, co-living spaces have gained traction in Singapore. These spaces offer not just accommodation but also foster community living, making them attractive to young professionals, expatriates, and digital nomads.

Digitalization and Proptech: Technology is reshaping the real estate landscape, and Singapore is no exception. Proptech innovations such as online platforms for property listing, virtual tours, and digital rental agreements have streamlined processes for both landlords and tenants, enhancing efficiency and convenience.

Focus on Sustainability: Sustainability has become a key consideration in real estate development. In Singapore, there is a growing demand for eco-friendly and energy-efficient rental properties. Landlords who invest in sustainable features like green buildings, renewable energy sources, and efficient waste management systems can capitalize on this trend.

Adaptation to Remote Work: The rise of remote work arrangements, accelerated by the COVID-19 pandemic, has impacted housing preferences. Tenants increasingly seek properties with home office spaces, high-speed internet connectivity, and amenities conducive to remote work, such as coworking spaces and recreational facilities.

Challenges Facing Rent House Operators

Regulatory Compliance: Singapore has stringent regulations governing the real estate sector, including rental agreements, property maintenance standards, and taxation. Navigating these regulations requires careful attention to detail and legal compliance to avoid penalties or legal disputes.

Rental Affordability: Singapore's high cost of living and property prices pose challenges for both landlords and tenants. Rental affordability remains a concern, especially for middle-income households and expatriates on fixed budgets. Landlords need to strike a balance between rental yields and competitive pricing to attract tenants.

Market Saturation in Certain Areas: Popular expatriate neighborhoods such as Orchard Road and Holland Village may experience market saturation, leading to intense competition among landlords. Diversifying into emerging neighborhoods or niche markets can mitigate the risk of oversupply and differentiate rental offerings.

Maintenance and Property Management: Property maintenance and management entail ongoing costs and responsibilities for landlords. Ensuring timely repairs, upkeep of facilities, and responsive customer service are essential for tenant satisfaction and retention.

Opportunities for Rent House Entrepreneurs

Diversification of Rental Portfolio: Entrepreneurs can capitalize on diverse rental opportunities beyond traditional residential properties. This includes serviced apartments, student accommodations, short-term rentals, and niche markets catering to specific demographic segments or lifestyle preferences.

Innovation in Amenities and Services: Differentiating rental properties through innovative amenities and services can attract discerning tenants. This may include smart home technology, concierge services, wellness facilities, and community events tailored to tenant interests.

Partnerships and Collaborations: Collaborating with proptech startups, real estate agencies, and service providers can enhance the value proposition for both landlords and tenants. Partnerships may involve offering bundled services, co-branding initiatives, or leveraging technology for operational efficiency.

Long-Term Investment Perspective: Despite short-term market fluctuations, Singapore's real estate market has historically demonstrated resilience and long-term appreciation potential. Entrepreneurs with a strategic investment perspective can capitalize on cyclical opportunities and build sustainable rental income streams.

Conclusion

The rent house business in Singapore presents a dynamic landscape characterized by evolving trends, regulatory challenges, and diverse opportunities. Entrepreneurs who navigate market trends, leverage technology, and prioritize tenant-centric strategies can build successful and resilient rental property ventures in one of Asia's most dynamic real estate markets.

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write a blog an article on rent houses business in singapor ChatGPT

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Title: Unlocking Opportunities: A Guide to the Rent House Business in Singapore

Introduction

Singapore's real estate market is a tapestry of innovation, diversity, and opportunity, offering a myriad of possibilities for those looking to venture into the rent house business. As a global financial hub with a cosmopolitan population and a robust rental market, Singapore presents a fertile ground for entrepreneurs seeking to capitalize on the growing demand for quality rental properties. In this article, we'll explore the essentials of starting and thriving in the rent house business in Singapore.

Understanding the Market Dynamics

Before diving into the intricacies of the rent house business, it's crucial to grasp the market dynamics shaping Singapore's real estate landscape. With a population of over 5.6 million people inhabiting a land area of just 721.5 square kilometers, space is a premium commodity in Singapore. This scarcity, coupled with a strong economy and an influx of expatriates and foreign talent, drives the demand for rental properties across various segments.

Identifying Target Segments

One of the first steps in establishing a successful rent house business is identifying your target market segments. Singapore's diverse population encompasses a wide range of demographics, each with distinct preferences and needs. From young professionals seeking trendy co-living spaces to families in search of spacious suburban homes, understanding your target audience will help tailor your offerings to meet their requirements effectively.

Navigating Regulatory Requirements

Singapore's real estate sector is governed by a robust regulatory framework designed to safeguard the interests of both landlords and tenants. Familiarizing yourself with the relevant regulations pertaining to rental agreements, property maintenance standards, and landlord-tenant rights is essential to ensure compliance and mitigate legal risks. Engaging legal counsel or seeking guidance from industry associations can provide invaluable insights into navigating the regulatory landscape.

Investing in Property Acquisition

Acquiring rental properties is a significant investment decision that requires careful consideration and due diligence. Factors such as location, property type, rental yield potential, and market trends should inform your investment strategy. While properties in prime districts like Orchard Road command higher rental premiums, emerging neighborhoods and suburban areas offer opportunities for long-term growth and value appreciation.

Enhancing Property Management

Effective property management is key to maximizing rental yields and ensuring tenant satisfaction. From routine maintenance and repairs to tenant screening and lease administration, investing in efficient property management systems and processes can streamline operations and minimize vacancies. Leveraging technology solutions such as property management software and online listing platforms can enhance efficiency and transparency in managing your rental portfolio.

Differentiating Through Value-Added Services

In a competitive rental market, differentiation is paramount to attracting and retaining tenants. Beyond offering well-maintained properties, consider incorporating value-added services and amenities that resonate with your target audience. Whether it's complimentary housekeeping services, access to recreational facilities, or concierge assistance, providing exceptional experiences can set your rental properties apart from the competition.

Embracing Sustainability and Innovation

Sustainability is increasingly becoming a priority for tenants and property investors alike. Incorporating eco-friendly features such as energy-efficient appliances, sustainable building materials, and green spaces can not only reduce environmental impact but also appeal to environmentally-conscious tenants. Additionally, embracing innovative technologies such as smart home automation, contactless payment systems, and virtual property tours can enhance the overall tenant experience and streamline operations.

Conclusion

The rent house business in Singapore presents a wealth of opportunities for entrepreneurs willing to navigate the complexities of the real estate market. By understanding market dynamics, identifying target segments, complying with regulatory requirements, and investing in property acquisition and management, you can build a successful and sustainable rental property portfolio in one of Asia's most dynamic cities. With a strategic approach, innovation, and a commitment to excellence, you can unlock the full potential of the rent house business in Singapore.

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osdoroosg · 4 years ago

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10 Best Virtual Offices in Singapore

When you’re looking for a virtual office for your business, the most important element to know is where the virtual office is located and what services they have, whether there are mail handling services and reception services, and whether they allow you to place a signage for your brand in their reception area. These are important considerations if you’re thinking of registering a virtual office as your business address.

Tong Building at 302 Orchard Road

Orchard Road is Singapore’s shopping district. Many businesses in the entertainment and retail industry are located here and having a business address in Orchard Road could be beneficial for your business. This virtual office comes with mail handling services, reception services, and reception signage for your business or brand. The location is also conveniently 3km away from Orchard Road MRT station (NS22) and it’s only 2 mins from Paragon.

Thong Teck Building at 15 Scotts Road – Scotts Road is a street in Singapore’s central district that is connected to Orchard Road, Singapore’s shopping district. It has several office buildings and is considered a prime location for businesses. This virtual office comes with mail handling services, reception services, and reception signage for your business or brand. The location is also conveniently 5km away from Orchard Road MRT station (NS22) and it’s only 4 mins from Far East Plaza.

China Square Central at 18 Cross Street – Cross Street is a street in Chinatown and is connected to Shenton Way, a major trunk road in CBD. The street is lined with plenty of office buildings and is a good location for businesses in Chinatown. This virtual office comes with mail handling services, reception services, and reception signage for your business or brand. The location is also conveniently 2km away from Telok Ayer MRT Station (DT18) and it’s only 2 mins from Far East Square.

AXA Tower at 8 Shenton Way – Shenton Way is one of the major trunk roads in Singapore’s CBD. This road has several office buildings with some offering Grade-A offices, making it a great choice of business address. This virtual office comes with mail handling services, reception services, and reception signage for your business or brand. The location is also conveniently 1km from Tanjong Pagar MRT Station (EW15) and it’s only 3 mins to International Plaza.

DUO Tower at 3 Fraser Street – Duo Tower is a twin-tower, one is an office tower and the other is a luxury boutique hotel Andaz, which is part of Hyatt group. This virtual office comes with mail handling services, reception services, and reception signage for your business or brand. This location is conveniently only 3km from Bugis (DT14/EW12) and it’s only 5 mins from Bugis Junction with its offices and shopping centre.

Westgate Tower at 1 Gateway Drive – Gateway Drive is short street just a few minutes from a shopping belt; this makes it a still well-trafficked but more cost effective business location. This virtual office comes with mail handling services, reception services, and reception signage for your business or brand. This location is conveniently only 2km from Jurong East (NS1/EW24) and it’s only 3 mins to JEM.

The Co Building at 75 High Street – High Street houses a shopping centre and it’s near Boat Quay and Clarke Quay with its leisure activities and bustling nightlife. This makes for a desirable business location especially for businesses in retail, leisure, or entertainment industries. This virtual office comes with mail handling services, reception services, and reception signage for your business or brand. This location is conveniently 5km from City Hall MRT Station (EW13/NS25) and it’s only 2 minutes from Funan Mall.

The Octagon at 105 Cecil Street – Cecil Street is a commercial street with shopping centres and office buildings; it is a great business location for businesses in the education, healthcare, energy, and tourism industries. This virtual office comes with mail handling services, reception services, and reception signage for your business or brand. This location is conveniently 3km from Telok Ayer MRT Station (DT18) and it’s only 9 minutes from Marina One.

143 Cecil Street – Cecil Street is a commercial street with shopping centres and office buildings; it is a great business location for businesses in the education, healthcare, energy, and tourism industries. This virtual office comes with mail handling services, reception services, and reception signage for your business or brand. This location is only 2km from Tanjong Pagar MRT Station (EW15) and it’s only 5 minutes from Guoco Tower.

Great World City at 1 Kim Seng Road – Kim Seng Road is a road lined with several historic temples, making it a good business location for businesses in the tourism or related industries. This virtual office comes with mail handling services, reception services, and reception signage for your business or brand. This location is 18km from Tiong Bahru MRT Station (EW17) and it’s only 1 minute away from Great World City.

Original Source: https://osdoro.com.sg/virtual-office/10-virtual-offices-in-singapore/

#singapore #serviced office singapore #coworking space #coworking space singapore #office space for rent #virtual office singapore

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singapore-movers · 5 years ago

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How to Planning and Arranging The Furniture For Moving Your New Home by Movers Singapore

Making your new area sense like domestic can be a widespread undertaking and to pick out furnishings transferring offerings to rearrange your furniture can regularly be costly. If you’ve moved to a smaller place, this can look like a massive venture that isn't easy to get right. And for some humans, arranging fixtures can look like they're trying to finish a jigsaw puzzle; it is able to mean usually swapping plenty of various portions over until they are finally in shape. However, as this approach may be time-consuming, we’ve compiled this helpful article to help you efficiently rearrange and fit fixtures to your new home. Vincent Movers is a professional movers company in Singapore, pledging to help you and your family experience a smooth transition for your house move. At Vincent, we strive to assist in a smooth transition. General measurements The most sensible technique is to take a visit for your new domestic or apartment previous to transferring so that you can take the general measurements. That way, you can ensure all your most treasured portions of furniture will be in shape into the new property. While you are assessing your new home/apartment, take into consideration the layout and any unusual fittings so that you can get a better concept in case your furnishings will appear proper. In addition, you’ll need to endure in thoughts that a few L-formed or spiral staircases can pose a problem when it comes to transferring furniture.

Allow yourself lots of time to do your measurements, after which if a bit of fixtures wont healthy, you may set up for one of the many first rate shifting and storage organizations to look after it safely for you. Professional house movers planning and arranging the house accessories and furniture without any damages.

Detailed measurements With the general measurements out of the way, you will then have to record a few greater exact measurements for each of the rooms. This may be a tough system to get proper so try to assume the whole lot. As an example, you’ll want to make certain that there is ok room among your window and the dresser, and that the residing room, bedrooms etc can accommodate all your favourite gadgets or fixtures.

By wearing out the distinctive measurements before the move, it will assist to keep away from disappointments at a later stage, and it will come up with plenty of time to workout if there are any space constraints that would restrict your plans for the format. Expert house and office movers in singapore arranging your home and office furniture at best price.

Taking pictures Your virtual or video camera can be treasured tools for making plans for your furnishings format. If you’ve got facts of each of the rooms, it's far possible to plot the furnishings format to perfection and you’ll have a firm idea where everything will go while you relocate.

To make the procedure less complicated, pick out a focal point for every of the rooms in your new house to assist with your plans and make certain which you make be aware of or electric outlets, too. Also, don’t forget to maintain your images as they might be useful while you want to get quotes from movers beforehand of your relocation. Draw up a targeted ground plan You don’t need to have any particular competencies on the way to create a floor plan; a sheet of paper and a pencil could be ample, or you can use some primary software. A floor plan will assist you to create a greater specific picture of every room including windows, doors, walls and other everlasting fixtures, and it will give you a better concept of how the entirety will be healthy together. By taking the above measures, you won’t face quite so many troubles on the subject of arranging the fixtures to your new domestic.

Talk in your movers Don’t be afraid to ask your crew of expert movers in Singapore to assist; a professional group who offer furnishings moving services will be most effective too. Movers are also the high-quality humans to ask while locating large, tough to move items or fixtures; the crew will place them in the correct vicinity without any effort for your part.

Having a clear plan and knowing in advance exactly what you need to do may even make the process much less difficult to your crew of movers, and that they won’t want to preserve relocating objects of furnishings till your room seems perfect.

Moving right into a new residence is an interesting prospect. It is also a fresh possibility to make amends and plan higher approximately matters that add to the software and the cultured price of your residing space. Planning furnishings arrangement can come off as a task and a good larger one in case you haven’t even moved in yet. You will want to assess your area and suppose pragmatically approximately ordering your customised furnishings. If you’re confused, analyzing the following factors can clean matters.

How will the room be used? Consider your circle of relative size and how the room will be used to get a concept of the seating and furnishings which can be used. In the case of a living room, you will need to arrange settees, media centres, and even bookshelves. In fact, it is higher to have a touch surplus space for any hire fixtures you order in the future.

Arrange around the room’s consciousness The awareness of the room ought to be a comfy seating location with settees, or a fireplace, or your media centre. In the case of a television, the seating needs to typically be placed at a distance of three times the diagonal screen size of the television. If there's no focal factor as such, create one, using dramatically customised furnishings or a life-length painting. Mover services to relocate your furniture is to prepare a plan to locate the correct places.

Priorities The largest furnishings are always placed first, and therefore it's miles proper to location the bed within the bed room first. Generally, this also serves as the room’s focal factor. If you have the luxury of a spacious residing room, in no way push the furnishings to the partitions. 8 toes is the maximum distance you ought to have among chairs.

Combination There ought to be ample variety for every person surveying the room. This can be ensured by way of varying the dimensions of the furniture across the entire room. If you've got two lengthy and sleek cabinets of comparable scale, it is a superb idea to have them across the room from each other. Having a mix-fit fixture for your room isn’t a bad idea either. In a case of solitary portions of furnishings, mimic the scale the use of suitable artwork. Moving furniture for correct places first does planning after that moving.

Traffic patterns Rent furniture keeping in mind the site visitors styles of the rooms of your new residence. The direction among doorways is an essential passage. Refrain from blocking off it via arranging massive fixtures close to it. The popular width for major site visitors passages is 30 to forty eight inches, and 24 inches for smaller ones. Another factor isn't always to direct traffic through the center of a seating area, but round it. If this gets hard, consider dividing the gap into smaller seating zones. Expert movers and packers planning and arranging the correct places.

It is increasingly becoming a smart concept to strive out your final design on a chunk of paper or on a virtual planner, preserving in thoughts the dimensions of your rooms and people of your fixtures. Be sure to be aware of the place of windows, heat and strength outlets. Are you looking for a professional movers company for your Business, Contact Vincent Movers, your Singapore movers and packers expert at +65 9232 5581 or email to [email protected]. Move your house, office, piano safe and secure by the experienced professionals in Singapore at the best price. Visit: http://www.vincentmovers.com/

#House Movers #House Movers Singapore #Office Mover Singapore #Piano Mover Singapore #singapore movers #singapore movers services #Movers Company in Singapore #Mover Service Singapore #Movers company

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startupr79-blog · 6 years ago

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Company Incorporation - Why Do Global Entrepreneurs Gravitate to Singapore and Hong Kong?

A growing number of individuals and private businesses are increasingly deciding to incorporate in Singapore and Hong Kong. Both countries offer a good infrastructure, with a pro-business and pro-talent culture which is reflected in the country's immigration policies, regulatory environment, and the openness of its people. Moreover, their governments have ensured policies related to laws, regulations and taxation that promote the growth of entrepreneurship and commerce in their respective countries.

Hong Kong and Singapore have been consistently topping the list in the Doing Business Report compiled by the World Bank every year. This is due to the business-friendly policies followed in both the countries like low import and export costs, well-framed laws for protecting investors, and labour regulations that favour employers.

Both countries have again been ranked at the top of the list in the Doing Business 2010 Report. For the 'Ease of doing business' index, Singapore and Hong Kong are ranked at first and third positions respectively, whereas, for the 'Starting a business index', Singapore and Hong Kong are ranked at the third and eighteenth positions respectively.

Additionally, in The Global Competitiveness Report 2009-2010, Singapore was ranked third after Switzerland and the United States in global competitiveness.

Hong Kong as a Business Destination

As one of the rising economies in Asia, Hong Kong is a preferred choice for business incorporation for many entrepreneurs. Already recognized as South East Asia's key financial services and investment hub, Hong Kong is poised to become the main international financial centre in Asia, and is vying with Shanghai, Tokyo and Singapore to claim the top spot.

Hong Kong is preferred as a home-base by many companies doing business in Asia. There are many U.S. and European multinational companies using it as a gateway to China, and similarly many mainland China businessmen are using Hong Kong holding companies for real-estate deals.

Hong Kong businesses can gain the tax benefits related with most tax havens without compromising on their image as in the case of being based in a tax haven. Around 109,000 new companies were registered in Hong Kong in 2009 alone, which is, a record for the city. Starting a new business is a quick and simple procedure.

To make it even more attractive to investors, the Hong Kong government wants to make it still quicker and easier to set up a corporation in the country. By early 2011, the government plans to set up electronic incorporation and registration of businesses, allowing a businessman anywhere in the world to set up a company in the country through the Internet in just a few minutes. In a recent interview Hong Kong's Registrar of Companies, Ada Chung, said "For our customers, we understand that speed means everything."

On the subject of discouraging illicit activity and attracting legitimate business, she added, "We are trying to do both, actually, to enhance governance while at the same time allow for sufficient flexibility in the business environment."

Singapore as a Business Destination

Singapore is a well developed and flourishing free market economy which has an open and corruption-free environment, a low tax regime and a per capita GDP at par with many developed countries in the west. It is the main centre for trading oil and other energy products, and is a key hub for currency trading.

The regulatory changes introduced by the Singapore authorities have attracted many international fund managers to transfer their operations to the city. While Japan and Hong Kong are the key players in the region's hedge fund management field, Singapore is rising as one of the preferred Asian locations amongst hedge fund managers for fund start-ups. Singapore is climbing the hedge fund ladder at a quick pace due to the comparatively simple registration process, which is a critical issue when deciding the place to set-up.

Singapore is also keen to become an Islamic banking hub, predominantly in the area of wealth management and it working at setting up a regulatory system for the same. It will benefit greatly from being located near the Islamic states of Malaysia and Indonesia, and it has also attracted interest from Middle Eastern investors. Another key selling point is that unlike other jurisdictions, there is no need to rent or purchase a physical office in Singapore for incorporation. Virtual office services are legally permissible and can be easily set up by a local professional services firm. Singapore's corporate tax rate is now at 17% and it allows many tax exemptions for new startup companies. Also, there is no capital gain tax in Singapore. All these factors make the country an ideal jurisdiction for Hong Kong Company Incorporation.

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souravsikder · 3 months ago

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SINGAPORE ACCOUNTING AND BUSINESS SERVICES PTE LTD offers virtual office solutions for businesses. Get a mailing address in the Singapore CBD, mail forwarding, and more for a low monthly fee.

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fictioncareercreativity · 6 years ago

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September 2, 2018 Creative Fiction Storytelling by Stella Carrier

Creative Fiction Storytelling Idea for me To try by September 2, 2018 andor sooner by Stella Carrier September 2, 2018 Creative Fiction Storytelling by Stella Carrier It is the year 2093 and I Lucas Haas am speaking from an afterlife world that is a celestial part of Canada though I have the freedom to choose where to reside even the type of celestial worlds that I have found myself as of 52 days ago. I am told that I easily resemble the lead singer of Saving Abel in the Addicted music video. I am easily allowed to communicate with people I have known in my earth life. However, I have discovered that the reason why sometimes some earth people try to contact friends andor family and it takes a while to reach them has little to do with how much they mutually miss their family members and more because of how much busier things become in their afterlife. For instance, I only had 2 family members besides my spouse and 8 friends who I was close to who were there for me during my earth life through both my challenging and good times. However I was pleasantly surprised to discover a group of over 530 male and female spirits greeting me less than 10 minutes after I transitioned from my earth life to the heavenly realms that I now reside in. I am going to be learning from 3 of my celestial spirit guides in a pink mountain school how to help earth based spirits tap into and strengthen their intuition both in their sleeptime dreams and in their waking life. I am also going to preside over mystery schools both being open up on earth and here in the celestial realms that teach many male and female spirits how to integrate their storytelling passions both with their sleeptime dreams and connections with their higher selves/celestial spirit allies and imagining how their lives would be in heaven and how that pertains to their akashic records, opening up to their imagination abilities while integrating the energy of both critics and allies into building them into a wiser and more powerful being, and utilizing certain tools such as their favorite songs, music, books, interests etc. in helping them uncover some of the messages of their most creative and self confident selves that their souls are encouraging them to uncover. What Do I Mean By This; A 45 year old Married female working for the military who was a friend of mine unexpectedly played romantic matchmaker to a 48 year old military public affairs officer female and a male in the culinary industry. This military public affairs officer female was also related to a 46 year old coworker that the 45 year old female was training and getting along with well. The 45 year old female was recently traveling to a heaven based replica world of Canada in her dreams at a writing university for some intuition research when she caught a female she knew in waking life from entering her sleeptime dreams by trying to use the identity of two other females she knew in waking life. As her intuition and sleeptime dream celestial guide I asked her to avoid revenge on this female spirit and take it as a sign from her higher self that regardless of how she is publicly perceived that she is just needs to understand and be reminded that she is just as intelligent and capable of soaring to great success in her life just as the female spirit being sly with using other female identities. The 45 year old married female wanted to give this female a piece of her mind and confront her in her sleeptime dreams for even daring to enter what she considers the unbridled and unlimited freedom of her sleeptime worlds many which are heaven based and life on other happy worlds. I had to explain to the 45 year old female that she is going to be happier sooner and for the long term if she lets this female be regardless of how tempting it is to confront her because one of her spirit guides wanted to borrow this sly crafty female to remind the 45 year old female that regardless of how she is judged in waking life that she simply needs to continue to work on the growing of her genius abilities and intuition to increase them in waking life and pretty soon her efforts are going to positively pay of in spades, positive dividends within 11 years or less from now. The sly female was being crafty because she figured out that the female being on to her identity meant that other females who she did the same too would soon also see and notice what she did which would indirectly affect innocent males and females allied with this sly female. Additionally, the sly female intuitively realized that by targeting the 45 year old female that she unexpectedly opened the door for even prettier andor craftier/smarter rivals and females to enter/come in abundant numbers in both of their (the 45 year old married matchmaker female and the sly female)worlds (earth both professional and personal as well as sleeptime). The matchmaker female intuitively understands why this needs to be allowed to happen but the sly female needs more time to accept that memo. In order to heal that karma i showed the 45 year old matchmaker married female a special intuition school inside an orange and purple mountain that also integrates music into the lessons. I also intuitively gave both females a snapshot of how I lived the last year of my most recent earth lifetime in order to help them understand ways to be both a high functioning career person as well as a spiritual person who focuses on creating heaven on earth. I had extreme career success and excitement in my career life such as I was a food service employee who eventually became a cook and then a chef through extensively volunteering for 4 years. I volunteered to help cater food in California, England, Switzerland, Iceland, Germany, Washington D.C., Virginia, Maryland, Florida, Canada, France, Italy, Hong Kong, Tokyo Japan, and Singapore. For instance in Virginia, a theater company decided to do a play based on the Give it To You music video by Jordan Knight at a theme park that opened in Virginia Beach Virginia by the year 2091. I was asked to both help set up a party and food for an after party towards the end of the play season-5 months after the play premiered where over 5000 people showed up. I was also part of over 160 men and women who helped to help set up catering and party festivities for over 43 leaders who decided to hold convention events across various parts of the U.S. for museums and libraries over a half mile wide opening across the U.S. complete with train subway stations that connected men and women across various states even rural areas that opened up more opportunities even for men and women who were still trying to save up for cars. In the year 2092, I also had the chance to cater dinners and parties on the side in various parts of Scandinavia as more theme parks and malls opened in this area from the months of July to December. The remaining months I would travel across America to help serve food to cast members and people of various films who were making movies based on universities and cooking across various parts of the U.S. More universities were being built with campgrounds featuring allowing over 5000 people in the warmer U.S. states and outside during the summer time. During the winter time andor in warmer states campgrounds that could hold up to ten thousand people would be built inside buildings either inside andor near malls with the option of camp goers renting aircraft looking trailer parks, traditional trailer parks, tents with inside air conditioning and heating, homes plus more types of campground instructions. The aircraft carrier looking trailer parks are at least a half mile wide and are cheaper than the others to deal with competition that also comes from private businesses in modest socio income neighborhoods who experienced a business boom from also starting campground businesses because of the number of businesses that also proliferated there. However, on a positive note demand for chefs, cooks, and food service employees went up in these communities as many campgoers wanted food cooked for them as they enjoy the camping experience and activities that have also proliferated in great numbers such as various writing, psychic development, even various other types of classes such as art appreciation and other types of classes pertaining to resources of the community and so much more. For instance, a campground in College Park Maryland that can hold up to 9000 people offers 525 different classes, a campground in Virginia Beach Virginia that can hold up to 11000 people offers up to 900 classes, and a newly build campground in Mclean Virginia near the Tysons Corner Center mall that can hold up to 8800 people offers 1000 different classes and 70 different activities such as storytelling retreats, cooking contest camps, and travel exhibition fair conventions retreats where countries from around the world feature virtual reality centers for campgoers-the Iceland, Canada, Washington State from the addition of a 2 mile museum, France, and Scotland from the addition of a 2 mile Harry Potter museum were among the popular campground centers just inside the camp. The campgrounds are often at least 5 miles long andor greater to allow campgoers to pay more for privacy. The things I can tell you from what I have seen would make multiple early 2000s R rated movies seem tame and even some of the scenes I have scene of two consenting adults engaged in certain acts across the campground also tame because of who they are. What Do I Mean by this before I conclude this session because one of my male celestial spirit guides has a book for me to look at pertaining to some of the culinary festivals and people I am to inspire as a male celestial spirit guide; Well, the last six months of my life I had the exciting opportunity to help set up a reenactment You Make Me Feel by Annagrace complete dance scene and all inside one of the campgrounds at a location within the U.S. I must keep discreet partially also because that same day the Bon Appetit music video by Katy Perry reenactment took place within the same camp and both events employed over 500 people and involved over 48 people in both reenactments. I had to go back to my car to get some money to try some food from a tree shaped eatery that opened within this particular camp during the intermission of Bon Appetit and You Make Me Feel when I saw a popular female celebrity hugging a tree in one of the more popular yet at the same time more private campground areas, it was less the hugging of the tree that was the shocking part, it was more the identity of the famous celebrity that I saw pressing himself up behind her and yes I looked away before I could see more because I had just seen him pictured with a 49 year old U.S. Navy Captain daughter of a popular U.S. Navy Master Chief (E-9)less than 2 hours before as the wife of the famous celebrity male pressing himself against the celebrity female holding the tree. They were doing their renewal of vows at this camp having been successfully married for over 22 years. Granted her husband was not bound by the same rules as his wife because he is a well liked and popular civilian who works in the culinary industry. However, I preferred to mind my own business during my most recent earth lifetime after seeing this more than just because of my career reputation yet also for practical, intuitive, and wise reasons. Resources Storytelling Idea for me To try by September 2, 2018 andor soonerCreative fiction storytelling ideaA Chef andor Cook in the Afterlife shares the fun they had also catering dinners and parties on the sideThe year is 2142 and they are training to be a spirit guide to some employees in the culinary industry in the areas of Scandinavia for the first 6 months of the year January to June, and certain regions in America July to December. They main job involved culinary and their volunteering involved helping to cook andor create food for parties andor events.Other employees both within the culinary field and other areas were also inspired to develop their social skills.This cook, food service employee andor chef did the majority of work andor volunteering for parties andor events in their free time during much of their time in the U.S. However they also traveled to other parts of the world for their friends in the military and their federal government employee friendsThe chef cook andor food service employee also recalls connections from their earth life and how that influenced their afterlife.Some resources for me to considerhttps://charleston.eater.com/2018/8/1/17640158/chef-sean-brock-nashvillehttp://www.collegeparkgrill.com/menushttp://www.ign.com/articles/2018/08/23/the-last-ship-season-5-trailer resources inspired by my heavenly husband Rusty Ridler's part Austrian heritage https://www.fantasynamegenerators.com/austrian-names.php songs for me Stella Carrier to keep in mind; Strange Love by Depeche Mode, Lovesong by the Cure, Something In the Way You Move by Ellie Goulding, Automatic Lover by Real McCoy

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mysgprop-cstee · 5 months ago

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Tembusu Grand

Capturing the hearts of both city and sea view lovers. Being in District 15 allows you to enjoy close proximity to East Coast Park and wide array of dining experience. EVERYTHING YOU NEED IS WITHIN REACH 📣Latest Price 1BR + Study 527-646 sf FR $1,352,000 2BR + Study 743-883 sf FR $1,948,000 3BR 1184 sf FR $2,648,000 - Last 4 3BR + Study 1173-1399 sf FR $2,698,000 4BR 1432-1604 sf FR $3,288,000 5BR 1711 sf FR $4,028,000 Penthouse 2691sf FR $7,888,000 ✅ Residential (Concierge) Serivces ✅ Exquisite Collection of 1 to 5 bedroom with luxurious built in layout ✅ Minutes walk to Tanjong Katong MRT ✅ Surrounded by a myriad of amenities ✅ Nature & Recreational amenities ✅ Within 1KM Schools: Kong Hwa Sch, Tanjong Katong Primary, Haig Girls' Sch, Tg. Katong Sec, Chung Cheng High, Broadrick Sec. https://www.youtube.com/watch?v=M-P_li4CIHM "Your Way of Living" Quick LinksFact Sheet Unique Selling Points Nearby Amenities 360 Degree Drone View Floor Plan & Virtual Tour Official Brochures/ Floor Plan Balanced Units & Prices FAQsWhat's the land price for Tembusu Grand? When is the lease start for Tembusu Grand? Where is the showflat of Tembusu Grand? Tembusu Grand, sitting comfortably in the charming enclave of Tanjong Katong and East Coast, perfectly balances the need for tranquility while being at the centre of it all. A modern development with its unique stamp of quiet and understated elegance. Its towering architecture takes inspiration from the Tembusu heritage tree, featuring colours, textures and an iconic crown design that mirrors the tree’s sculptural form. All nestled within a lush, evergreen landscape with thematic gardens and beautiful water features. Tembusu Grand will be a short 5-minute walk to Tanjong Katong MRT station. The prime location in Katong connects the residents with connectivity, amenities and recreations. Shopping outlets like Katong Shopping Centre and Parkway Parade, Good Schools and Transportion nodes are minutes away. It's also an area surrounded with Historical Significance - The nearby Mountbatten Road Conservation Arean, The Secondary Settlements of Geylang and Joo Chiat and prime landed area (Goodman Road neighbourhood) adds to the uniqueness and character of the area.

CDL - Track Record

CDL Past Track Records

Tembusu Grand Smart Home

Location Highlights

Tembusu Grand Location Map

There are several malls within the area, such as Parkway Parade Mall and i12 Katong Mall, which can be accessed via a 4-minute drive. There are even more retail malls further down towards the Paya Lebar Area, such as Paya Lebar Quarter, Paya Lebar Square and Singpost Centre. Additionally, there are several hawker centres nearby, such as Marine Parade Central Market & Food Centre, Dunman Food Centre, and Old Airport Road Food Centre. - Tao Nan School - 6 min drive away - CHIJ Katong Primary - 6 min drive away - Victoria Junior College - 6 min drive away - Dunman High School - 5 min drive away - Chung Cheng High School (Main) - 3 min drive away - Tanjong Katong Primary School - 2 min walk away - Tanjong Katong Secondary School - 6 min walk away There are several popular schools nearby Tembusu Grand, such as Tao Nan School, CHIJ Katong Primary and Victoria Junior College. Due to a reform to the Ministry of Education's home-school distance programme, the distance between schools and residences will be measured during Primary 1 registration exercises by calculating the shortest distance between a point around the school and the applicants' homes. As a result, this move will reduce parents' concerns regarding the distance between their homes and nearby schools.

Site Plan & Unit Mixes

Tembusu Grand Site Plan

Tembusu Grand Unit Mixes Floor Plan & Virtual Tour

1BR +S Floor Plan

2BR Floor Plan

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莉丰嘉园Bedroom

莉丰嘉园Bathroom Official Brochures/ Floor Plan E-brochure & Floor Plan Balanced Units & Prices 1BR + Study 527-646 sf FR $1,352,000 2BR + Study 743-883 sf FR $1,948,000 3BR 1184 sf FR $2,648,000 - Last 4 3BR + Study 1173-1399 sf FR $2,698,000 4BR 1432-1604 sf FR $3,288,000 5BR 1711 sf FR $4,028,000 Penthouse 2691sf FR $7,888,000 Please Contact Us at +65.84188689 It is important to only engage the Official Direct Developer Sales Team to assist you to enjoy the best possible direct developer price. There is no commission required to be paid. FAQs What's the land price for Tembusu Grand? $1,302 psf pprWhen is the lease start for Tembusu Grand? 99 Years Lease from 25th Apr 2022Where is the showflat of Tembusu Grand?The showflat is located at 11 Jln Gajus, Singapore 438499. Showflat appointment can be booked via Whatsapp to avoid disappointment.

Read the full article

#CondoTOP2025 #District15Property #SingaporeCondoNearGoodSchools #Singaporenewcondo2023

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lookatthedawn · 6 years ago

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Chinese Visa (cont.)

I go back to the Chinese embassy armed with; passport and passport xerox copy, two passport pictures, traveler's insurance, one-way ticket (I've been told I have to buy my return ticket from China), a copy of the hotel reservation in Nanning and the filled-out-four-page visa application form. I also have downloaded in both my phone and computer, my bank statement for the last two months. I'm hoping the virtual image will suffice.

I wait in line, pass the metal detector check-up, and present my documents to the guard, who checks my photos, shows me where the scissors are, and tells me to cut them apart. Once I'm done he takes both of my pictures, staples one on the cover of my passport, hands my documents back and tells me to wait. I sit down next to an American guy in his early twenties. He indicates his passport with his picture stapled to it. "It says here that we're not supposed to staple anything on it". That's when I remember I had read that too. Oh, well! My fellow visa-applicant has just arrived in Hanoi and is hoping to get a visa for a three-month stay in China. After about ten minutes the guard sends him to window five. Having met the lady at that window I'm hoping he sends me to another, with someone who has learned how to smile. Once the American is done he tells me they need a phone number in Hanoi and that he'll get his answer on Monday. The guard interrupts him to tell me to go to window five. Sigh! Grumpy lady checks my documents and finds them wanting. "Where's the bank statement?" "I have them in my compu--" "No, I need the paper copy." "But I--" "There's a photocopy place over there," she points to the right of the embassy. She takes my documents, puts them aside and urges me to go get the copies of my statements. I find the photocopy place close to the Singapore embassy. Three people run it and they are all busy. There are no walls around their business, just some makeshift tables for the computers and a tarpaulin to protect them from the sun. And yet, business is blooming. In fact, they don't need my business, I need theirs. I ask them if I can use their computer to download a file, one of the guys says no, he needs his computer. Can I just connect my computer to your printer? No. He asks that I send him the files. I tell him I don't have wifi. A young man, who I had seen previously at the embassy and who's there for the same reason, offers to share his wifi, which I eagerly accept. But I'm uncomfortable with all that, wondering whether I'm giving away too much information, exposing my identity to theft, doing everything I've been told never to do, and while I'm thinking that, the guy hands me my printed bank statement. I pay 10,000 VNDs and rush back to the embassy.

The guard at the door already knows me and almost smiles. He is a serious young man, aware of everyone around him and highly competent. I do not like their system, but I'm in awe of his execution. He stands between the windows and the people like a conductor, his eyes sweeping the place and spotting misconduct or instances where his attention and interference is needed. He's serious but not unfriendly. I tell him that the lady at window 5 is waiting for me, he nods and steps aside for me to pass. I hand her the statements for two months, even though she had not specified how many she wanted. She takes all my documents and gives me a paper with Monday's date on it. "Come back Monday at 4 pm." "But how much--" "Come back Monday. Monday at four." I thank her and leave. The whole process is unsettling. I have no idea whether I'll get the visa or not. My only comfort is that I have done everything they asked to the best of my abilities. I decide to put the whole thing out of my mind for the time being and enjoy the coming weekend. It storms all day Monday, July 17th, but as I'm about to leave the office to walk to the Chinese embassy, the rain mercifully stops. I arrive exactly at four and explain what I had come for. I have the impression the guard already knows and Monday afternoons are probably designated for getting answers on visa requests. "Window five," he says. The lady at the booth gives me a pink invoice in the value of thirty dollars. "Pay at the bank and come back in two days." She writes the bank address on a piece of paper and hands it to me. Does that mean my visa has been approved? I show the pink slip to the guard, who repeats the instructions: pay at the bank in the morning and come back to the embassy in the afternoon. I'm too excited to ask why I can't do both at the same time. However, I still have a little problem; I don't have $30 dollars. All cash I had in USD has gone to pay for visas for Cambodia and Laos. To compound on this problem, I also don't have VNDongs. I have lost my ATM card, remember? My options are; a) cash advance from a credit card. Two problems with that; high-interest rate and the fact that I don't have the PIN with me. I could call home and ask someone to kindly go through a lot of papers to find it. I keep this option in the backburner. b) borrow money from someone, people who know me for less than two months. Not very promising. I hope my host has collected the money I've transferred to her for the rent and is willing to lend me some. I'm trying a transfer service I have never used before (sendvalu) and in name of caution, I have transferred only half of what was needed. My agreement with my host is to send more than I owe her and have her return me the rest. We're expecting an email notifying us that the money is available any time now. It's the night before I'm supposed to go to the bank and embassy and the money is still not available, so Thao kindly agrees to lend me the necessary to pay for the visa. "You're crazy about China," she jokes. She's mistaken. I'm not crazy about China. China is the lover who's trying to get away. I would be as crazy about Thailand or Cambodia, had I experienced so much trouble getting a visa to these places. Then again, it is true that I've loved the Chinese culture, especially Chinese medicine, for the longest time. And how could I not have a soft spot for the country where tai chi, the martial art I've practiced since 1988, originated? I'm told that the bank does accept payment in VND, but charges about $200.000 VND to do so. That's about $9 I'd rather keep. So, next day I walk to the ICBC (Industrial and Commercial Bank of China), stopping at every bank on the way, hoping they can exchange Dongs into USD. My Vietnamese is as poor as ever and most bank tellers speak limited English, which makes communication a challenge. I explain what I need and they nod solicitously, but as soon as they see Dongs in my hand, they shake their heads and say that they don't sell dollars. I try, perhaps, ten different banks before finally arriving at the ICBC where I show the pink slip to the girl behind the counter. She tells me it's $30, and that's because I'm traveling with a Brazilian passport. Someone with an American passport would have to pay $140 (!). "Can I pay with Vietnamese Dong?" "No, dollar only." "Where can I buy dollars?" She writes the address on a paper and asks the guard to show me how to get there. He urges me to hire a motorcycle, but for someone who has walked for over an hour, ten minutes is nothing. I expected a bank but this is a currency exchange house. I enter it, prepared to pay a hefty fee for the service, but to my surprise, they don't charge a fee at all. As I walk back to the ICBC, I'm surprised at how much happiness those $30 dollars evoked.

I quickly get my pink slip stamped and start on my way to work. Midway there I realize that a shortcut to the Chinese embassy will take about ten minutes while coming from work will take more than an hour. Yes, the guard had told me to go after 3 pm. but since I'm this close I decide to try my luck in the morning. Once at the embassy, I show my stamped pink slip and they let me in and give me my passport. I open it and voila! the visa to China! I am thrilled to have it in my hands. In Hanoi it's July 19th, but in Brazil, it's still July 18th, 10 pm. Fifty years before, a little baby girl had been born in a tiny Brazilian village and her parents, the only two people present at her birth, decided to name her Miralva.

Happy Fiftieth birthday to me!

#mount holyoke #summer internship #chinesevisa #hanoi #vietnam #chineseembassy #icbc #fiftiethbirthday #sendvalu #icbcbank #china #vnd #USD

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osdoroosg · 4 years ago

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Find the best coworking space prices in Singapore here. We listed the Top 8 coworking space in Singapore to help you decide! Check them out at osdoro.com.sg

#coworking space #affordable coworking space #cheap coworking space #coworking #singapore #virtual office #shared office space #serviced offices #office space for rent #private offices

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fastlanegroup · 4 years ago

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Once your business establishes itself in one market, your next step as an entrepreneur is to think about expanding your business into new markets. This is important for the survival of your business especially when you hail from a country with a small market. Governments around the world are also realising the importance of supporting businesses in expanding internationally, as evident from the SME Export Marketing Fund (EMF) in Hong Kong and the International Partnership Fund in Singapore.

Regardless of whether your expansion efforts are supported by government grants, regionalisation can be a costly effort. One way to manage the costs of expansion is to set up a virtual office, instead of renting a physical space in every new country that you enter. A virtual office refers to an office that operates primarily online. There are various benefits to operating from a virtual office, including reduced operating costs and therefore reduced risk as you test a new market. Giving your employees the flexibility of working remotely can also improve employee happiness.

What you will learn from this article:

1. Ensure that your company projects a professional image

2. Set up strong processes to build communication, coordination & culture

2.1. Communication

2.2. Coordination

2.3. Culture

3. Plan a strategy for leveraging the cloud

3.1. The three-stage process is a helpful framework for making effective use of the cloud

#virtual office #cloud-based #accounting #online tools #SMEs #startups #business

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armeniaitn · 4 years ago

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Russia and Iran's Dangerous Energy Gambit in the Caucasus

New Post has been published on https://armenia.in-the.news/economy/russia-and-irans-dangerous-energy-gambit-in-the-caucasus-51945-24-08-2020/

Russia and Iran's Dangerous Energy Gambit in the Caucasus

Map via Wikimedia Commons

BESA Center Perspectives Paper No. 1,708, August 25, 2020

EXECUTIVE SUMMARY: There are signs that the current escalation between Armenia and Azerbaijan, far from being incidental to the Nagorno-Karabakh conflict, is driven by Russia’s and Iran’s economic warfare against a competing state and the need to return Europe to dependency on their oil and gas in light of US sanctions. Armenia benefits from the bellicose activity thanks to a sophisticated information warfare campaign in a heated US election year that has been unmatched thus far by Azerbaijan. But Baku can still turn its underdog position around by pursuing an assertive and affirmative policy against aggressors on military, political, media, and legal fronts.

After Armenia’s attack on Azerbaijan’s borders on July 12, a flurry of speculative articles appeared that contained obvious disinformation intended to portray what had happened as either a continuation of the Nagorno-Karabakh conflict, an extension of Armenian-Turkish tensions, or part of a larger proxy conflict between Turkey and Russia, which is present in Syria and Libya and has most recently divided NATO.

At first glance, the chain of events that led to the current conflict seems straightforward. Armenia attacked Azerbaijani positions without warning, putting at risk civilians residing in the Tovuz area. At least 11 members of the military and one elderly civilian were killed.

Armenia then proceeded to boast about having taken out a general for the first time ever while simultaneously claiming it had been provoked. Several other senior Azerbaijani officers were also killed, which points to a premeditated attack, not an act of spontaneous violence. Indeed, this development calls into question the narrative that the current escalation is just the latest in a series of skirmishes arising from Armenia’s illegal occupation of 20% of Azerbaijan’s internationally recognized territory.

The Nagorno-Karabakh conflict has become a protracted crisis due to a combination of ethnic cleansing of Azerbaijanis from both Armenia and the occupied territories, the turning of over a million Azerbaijanis into refugees and IDPs, the turning of Armenia into a virtually monoethnic state, and the destruction of cultural heritage.

The last major escalation of the Nagorno-Karabakh conflict took place in 2016, when Azerbaijan reclaimed the strategic village of Çocuq Mərcanlı. As residents of the liberated village and elsewhere along the ceasefire line can attest, unprovoked violations are a part of daily life. Armenian snipers targeting civilians have wounded or killed many and forced many others to vacate their houses.

But this most recent attack was not launched from the occupied region, but rather along the international border between Armenia and Azerbaijan, in close proximity to geopolitically essential oil pipelines.

Azerbaijan’s ambassador to the US Elin Suleymanov warned that Israel’s oil supply could be endangered due to these border clashes. The Baku-Tbilisi-Ceyhan pipeline “provides Israel with 40% of its oil,” but also ensures that Russia and Iran cannot monopolize delivery to Europe and Israel from the Caspian region. Azerbaijan, already a top competitor to Russia and Iran in supplying European energy needs, is about to bypass Armenia and Russia to become a significant supplier of gas to southern Europe via the Southern Gas Corridor, which is scheduled to be fully operational by year end.

The diversification of Europe’s LNG sources undermines Russian and Iranian political power, which is premised on the threat of leaving Europe out in the cold. Their positions were already precarious when the US ended all oil trade waivers for the Islamic Republic last year. It only just lifted waivers on Russia’s construction of the Nordstrom II pipeline (initially sanctioned in December 2019). Circumventing US sanctions is a matter of survival for these regimes.

Iran in particular has faced economic devastation due to Washington’s “maximum pressure” campaign. Tehran, already more dependent on Beijing as a result of a recently concluded 25-year trade deal, has essentially rented out the oil fields in Ahwaz to China.

For Armenia, the new escalation has potentially favorable military and political ramifications. Armenia is part of a military bloc known as the Collective Security Treaty Organization (CSTO). The current conflict may be an attempt to draw Azerbaijan into a bigger conflagration with CSTO members, who are pledged to protect one another. According to Fariz Ismailzade, Vice Rector of the ADA University, the likelihood that this gambit will succeed is diminished by Azerbaijan’s good relations with two CSTO member states: Kazakhstan and Belarus.

Armenian lobbyists are trying to gain a political advantage by portraying the crisis as a standoff with Turkey (a position to which Turkey lends credence by offering to arm Azerbaijan) as well as with France (a member of the OSCE Minsk Group, which focuses on finding a peaceful resolution to the Nagorno-Karabakh conflict) and various other NATO members.

In the US, ANCA, a well-organized and politically influential Armenian lobby group, has been playing up the perception of the inseparability of the two Turkic countries in the public mind and taking advantage of general American ignorance of historical and political realities. It is attempting to tie Azerbaijan to Turkey’s Ottoman past and current neo-Ottoman ambitions. In addition, ANCA has manipulated various ethnic and religious biases in pursuit of political support, even attacking Israel’s Ambassador to Azerbaijan George Deek, who is Christian.

ANCA also seeks to benefit politically from a heated US presidential election year. It anticipates a more favorable outlook in Washington in the event that the Democrats prevail in November and is now planting the seeds of anti-Azerbaijan action, such as a proposed bill that would freeze all military sales to that country. The proposing of such a bill required a provocation, such as an act of war, which is why ANCA has been at the forefront of creating the perception that Azerbaijan struck first.

This is not a one-off event. ANCA cultivates relationships with both members of Congress and figures in the think tank world, constantly pushing the idea of “Artsakh,” a fake republic in the otherwise empty occupied territories that is unrecognized by anyone except Russia. ANCA creates layers of legal fictions via continuous unilateral actions such as repeated requests for large humanitarian packages from Congress for the ersatz entity, tying these requests to aid for Armenia proper.

There are red flags pointing to the planned and strategic nature of this operation. Indeed, in retrospect, there were warning signs, such as Iran’s growing presence in the vicinity and more direct assistance to Armenia for weeks prior to the attack. A few weeks prior to that, Iran and Armenia reinstated a visa-free regime, perhaps contributing to Armenia’s poor handling of COVID-19. In June, Russia and Armenia were engaging in talks about running biological labs, a convenient cover for bringing Russian biological weapons close to Azerbaijan, a development that would threaten all of the Caucasus and should concern the US.

Armenia and Russia are also interested in developing joint military forces. Not only is Russia completely running the show, but it is increasingly erasing any semblance of Armenia’s independence and asserting its own military presence in the region in a manner that can only be described as menacing. All these factors independently of each other should have been causes for concern, but their all occurring at once when the US is struggling with internal crises and a beleaguered foreign policy in a hotly contested election year points to a premeditated operation designed to help advance a political agenda.

Azerbaijan’s information warfare against Armenia has been partially successful, such as its display of sophisticated Israeli drones that Armenia, with mixed results, has tried to claim credit for downing. On the political front, however, the outcome so far has been largely driven by ANCA’s organized campaign.

Azerbaijan should respond to these attacks through a combination of methods. First, it should strive to become a “country brand,” like Singapore, by diversifying its economy away from oil dependency, becoming a hi-tech hub for the region, and building investor confidence through joint ventures and the expansion of electronic government services. Ismail Rustamov, the representative of Azerbaijani society in the US, has suggested steps focused on investor confidence to help overcome perceptions of business risks.

Azerbaijan should form a closer joint defense relationship with the US, benefiting from joint training and insights from experienced field operatives and officers. Additionally, greater resources need to be marshalled for information warfare and the political aspect of the battle being waged, including supporting professional media to counter disinformation, building personal and long-term relationships with public officials at all levels, and, most importantly, vigorously pursuing legislative and legal relief in US, European, and international bodies. Armenian officials responsible for human rights abuses should be sanctioned. Only when Azerbaijan shows its willingness to combat fake news while broadening outreach efforts—while passionately and rightfully combating attacks on its physical sovereignty and territorial integrity—will its allies fully support the verity of its claims and understand the global and geopolitical stakes of siding with or giving a pass to Armenia’s aggression.

View PDF

Irina Tsukerman is a human rights and national security attorney based in New York. She has written extensively on geopolitics and US foreign policy for a variety of American, Israeli, and other international publications.

Read original article here.

#Armenia #Artsakh #Caucasus #Covid-19 #Karabakh #Economy

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paradiserentacar · 4 years ago

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Revenge travelling after corona virus

Thinking of travelling and exploring Malaysia? Wanting to see the ancient Batu Caves, the famous Twin Towers, to relax with your friends and family on Penang beaches, enjoy snorkeling and the famous sunsets, or visiting the strawberries farms with your love ones at Cameron Highlands. But indeed arises several questions in your mind, Is it safe to go? Are hotels obeying the post corona virus guidelines? Do we take public transport or need to rent a car? It’s quite obvious that everyone is thinking about these questions and aware of the corona virus and how deadly this virus is.

Situation in Malaysia

To begin with, Malaysians have started taking the Revenge from corona virus. Revenge? How is this possible? The answer is Yes .Being locked down for months, it seems to be justified. Revenge spending is a behaviour that occurs every once in a while due to various reasons that may frustrate society as a whole. At present, we see spending happening in Malaysia due to the coronavirus. After a 2 month gruelling lockdown, Malaysians are wanting to get out and about again. Online shopping has picked tremendously, traveling within Malaysia is in a rise, and as well hotels are now becoming fully booked.

One of the reason that Malaysia is quickly coming back to its feet, is due to their spending power. Based on a study shown by Wealth insight, Malaysia has more than 26,000 high net worth individuals (HNWIs) or millionaires. It stated that the wealth of HNWIs stood at RM527 billion (US$151 billion). Kuala Lumpur had the most number of HNWIs at 13,800 last year, more than Abu Dhabi (12,500), Cape Town (8,753) and Birmingham (8,736).

As we see the number of millionaires grow in Malaysia, it explains why the Malaysian economy will eventually come back to its norm. It also clearly show that the travel and car rental industry within Malaysian is recovering faster than expected.

Sectors Most Likely To Benefit from Revenge Spending

As a whole, health, safety and cleanliness will be at the forefront of consumers behavioral change. People avoid the Crowded places such as malls, cinemas, markets and sporting events. Consumers will be more used to 'virtual routines' and opt for online services, such as online shopping and streaming movies, events and sports, as much as possible.

Travel Situation

As the pandemic situation settles down, the mindset of every individual has changed for travel and tourism. It has not only changed the travel conduct but also has a great impact on the travel industry. The hopes that this world crisis will soon be over is on a high. Certain countries have allowed domestic flights and have eased their restrictions for interstate travel. People are now starting to come back to their offices (some are working in other states) as if they have jobs in different parts of the country. Citizens are struck with the fear of losing it as employers are also facing a huge crisis. New projects have been halted and ongoing tenders are also on a setback. Many businesses are on the verge on going under as cash flow is a serious issue in this point in time.

Guidelines at Airport

As per the situation of the airports, passengers are allowed to carry limited baggage. Airport authorities are taking extra care and trying to do their duties by maintaining social distancing. None of the airlines is providing food as they want to lower the risk of the virus. Some of the countries have taken drastic steps to cut the travel to avoid the risk. Animals travel and trade restrictions are not recommended. Pregnant and immunocompromised employees are more prone to the disease. Proper mask, gloves are worn by the authorities and by the travelers. Even the baggage is properly sanitized and the authorities recommend to carry as much less as you can.Though, operators are happy to see the customers travelling. They are also trying their level best to avoid crowds and long queue.

Technology has played a vital role in this situation, now facial recognition, e-passport gates are more active. Thermal scanning is going all over no matter where you go. Travelers are confidently leaving their houses in the hope that they will be given the proper service. Even the passengers don’t mind paying a little bit extra fee as far as their own security is concerned. Online education service providers will also see a surge in demand for their services as more consumers are learning and discovering that e-learning can be just as effective as physical training.

Hotels

Hotels, Oyo rooms, motels, home stays are back into the business and trying their level best to provide services. Management is trying to provide a sanitized environment. Extra instructions are given to the staff for the customer’s security. When dining out, consumers will adopt healthy eating habits and pay more attention to the cleanliness of restaurants. Mask and sanitizers are a part of amenity sets. People like to order the food in the room rather going to the packed buffet halls. As the restrictions have rolled back, the economy seems to be lifted up a bit. Hotels are offering many deals to keep in touch with their old customers and gain the attention for new for example the night offers, the package for 3 in the price of 2, discounts on spa treatment and so on.

Communication with customers

According to the World Economic Report, this coronavirus recession is the world’s greatest recession. This is also called THE GREAT SHUTDOWN or THE GREAT LOCKDOWN. Malaysia as per the centre of attraction for tourist all over the world was expecting millions of guests. This is the worst crisis the Malaysian tourism has ever faced. If in figures we say expected 30 million of tourist with the amount of $21.5 billion.

The main tourist is from China, Singapore and Indonesia. Not only this but the situation was similar dramatic in the catering industry too. Every sector has reduced its prices to save the country and their own businesses.

People Experience

Although people were ban to stay home but now they are making plans to visit inside there our country. They started exploring their own region and start embracing life and freedom again. Many plans which were cancelled to celebrate their specials days/month are now being celebrated in their own ways in the semi-freedom state. Car rental companies, Hotels and Tourism Industry start giving the discounts and well as gives some special add-ons on their selected package. Every industry whether it is the food industry, hotels or the local car companies tries to give the special touch to every customer.

Rapid Recovery

Now the biggest challenge is the rebuild the trust on the tourist. Airlines, car rental companies, Hotels and other cooperates have come together to make a join package for the customers and make their visit and stay comfortable.

In the end, I must say tourist are also giving a gift to themselves by making a “TREAT YOUR SELF PACKAGE”.

“No matter how much falls on us, we keep ploughing ahead. That’s the only way to keep the roads clear.”

#domestic traveler #travel #holiday #vacation #hotelsinmalaysia #malaysiafood #malaysia #kuala lumpur #twin towers #explore #roadtrip #happycustomers #moments #wonderful life #love without limits #malaysia love #travel blog #traveller #blogger

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arnaldologgia · 4 years ago

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Live Industry Updates: LinkedIn To Lay off Roughly 960

This article charts the coronavirus pandemic’s ongoing effect on the digital ad industry – from publishers to vendors, marketers and agencies.

We will continuously update this story as more developments become public.

July 21

Even LinkedIn isn’t immune to coronavirus-related layoffs.

The company said on Tuesday that it’s cutting around 960 jobs, or 6% of its total global workforce, as COVID-19 buffets the job market, CNN reports. The layoffs will impact LinkedIn’s global sales and talent acquisition divisions.

“Fewer companies, including ours, need to hire at the same volume as they did previously,” newly appointed CEO Ryan Roslansky wrote in a note to staff. Roslansky, a longtime LinkedIn executive who took on the CEO role in June, stressed that these are the only layoffs LinkedIn is planning to make.

At least 3.7 million jobs formerly held by now unemployed Americans are likely gone for good as a result of the pandemic.

Although most of the large Silicon Valley technology companies have largely been able to avoid the economic fallout of the ongoing crisis, LinkedIn’s business model is predicated on job searches and building professional connections in a health economy. With tens of millions unemployed in the United States and widespread hiring freezes, there’s less demand for these services.

Affected LinkedIn employees will receive a minimum 10 weeks of severance pay and career transition assistance. US employees will get 12 months of continuing health insurance. Roslansky noted hat LinkedIn might be hiring for newly created roles across the company “as we invest in our most strategic areas for growth” and that LinkedIn could potentially rehire some of the people hit by Tuesday’s announcement.

July 16

WPP said Thursday it will end the voluntary salary reductions it put in place for its executives back in April, Campaign reported.

Roughly 3,000 senior agency employees volunteered for pay cuts between 10% and 20% when COVID-19 hit the United States. WPP agencies will phase out the salary reductions over July, depending on when they started.

The decision to end salary cuts for board members, including CEO Mark Read, is still under review.

July 15

BBC Cuts 520 Jobs

The BBC is cutting 520 jobs from its 6000-person workforce. The broadcaster initially said it would cut 450 jobs in January, but postponed doing so in March to “ensure COVID-19 coverage.” Unfortunately, those 450 job losses, plus 70 more, were enacted on Wednesday. These cuts will substantially impact the BBC’s programming. It will lose “The Andrew Neil Show,” its Radio 4 show “In Business” and the Business Live page on the BBC News site, among others.

The BBC has been in a budget crunch since at least 2016, when it said it needed to save 800 million pounds, with 80 million pounds coming from news. But during that time, the news division only managed to save 40 million pounds.

Separately, the BBC also said on July 2 that it would cut 450 jobs from its regional news outlets, local radio and online news.

Guardian To Cut 180 Jobs, Revenue Likely Down By More Than $31 Million This Year

It’s not a good day for the media.

One day after Vox announced revenue declines and layoff plans, and on the same day that the BBC said it will trim 520 positions, The Guardian revealed planned cuts across both editorial and commercial roles. The move is directly tied to the negative economic effects of the COVID-19 pandemic that continues to roil the media industry.

The Guardian will eliminate 180 jobs in total: 70 from editorial and the remainder from its advertising, marketing, live events and, ironically, Guardian jobs search divisions. Revenue at The Guardian is expected to decline by more than 25 million pounds (slightly more than $31.5 million) on the 2020 budget.

The pandemic created an “unsustainable financial outlook” for the publisher, according to a joint statement from The Guardian’s editor-in-chief, Katharine Viner, and Annette Thomas, CEO of the paper’s parent company, Guardian Media Group.

Despite the bloodletting, Viner and Thomas said they don’t plan to adopt a paywall for The Guardian. The focus going forward will be on digital growth and its reader revenue model, by which The Guardian encourages people to sign up for memberships and make one-off contributions while keeping the content free to read.

Vox Media Preps For Layoffs

Vox Media informed its union leaders that the company will need to make layoffs in the face of falling revenue, CNBC reported on Tuesday. The publisher expects revenue to drop by 25% this year.

Although Vox, which publishes New York Magazine, SBNation and The Verge among other titles, was on target to reach its revenue goals for the first two months of 2020, its Q2 revenue dipped by 40%.

In April, Vox Media furloughed 100 employees, or 9% of its total staff. Those employees, who were focused on Vox’s business side, sports and live events, will now likely be laid off. Job cuts could go on to exceed that original figure.

Because 350 Vox Media employees and an additional number of former New York Media employees are represented by unions, their respective leadership teams are holding meetings this week about how to proceed.

July 13

VICE Media Donates Free Ad Inventory To SMBs

VICE Media Group is doling out free advertising space for local small businesses affected by the ongoing pandemic.

The purpose of VICE’s “Locals Only” initiative is to spread the word among local audiences about how they can help support struggling SMBs. For example, businesses can promote their delivery services, curbside pickup, gift cards and ecommerce options.

The pro bono ad space will be available across all of VICE’s owned-and-operated sites in communities where it has a strong presence, including New York City, Los Angeles, Mexico City, Toronto, Singapore, London, Amsterdam, Melbourne, Berlin, Milan and Paris.

To take advantage, businesses need to visit VICE’s “Locals Only” website and share information about how they’ve been affected by COVID-19 and the location they want to target. From there, they can build and submit their ad, which will be then be geotargeted and served on a relevant VICE site.

The ad-building interface was created from scratch specifically for the initiative and designed to be as easy to use as possible. “This makes the tool accessible for all small businesses, not just the digital savvy ones,” stated Paul Opgenhaffen, VICE Media Group’s media director for EMEA.

July 9

Havas Cuts Up To 200 Jobs

Havas Group laid off between 150 and 200 US employees across offices in Boston, Chicago and New York, as well as various staff in the UK, due to client spending cuts during the pandemic.

Agencies were impacted based on their client portfolio and geography, a Havas spokesperson told AdAge. Employees working on whose businesses were shut down were hit the hardest by the cuts.

June 24

The New York Times Lays Off Part Of Its Advertising Team

The New York Times laid off 68 people this week, largely from its ad sales team and Fake Love, the experiential marketing agency it acquired in 2016, Axios reported.

Departing workers will receive at least 16 weeks of severance and medical benefits, $6,000 to offset job transition costs and six months of outplacement services, according to an internal memo obtained by Axios.

The moves reflect the tough environment facing media companies, which are balancing a surge in user engagement against declining ad and events revenue caused by the pandemic.

There were no layoffs in The New York Times’ newsroom or opinion sections. Read more.

June 17

Google Adds Another $200M To Ad Grants Program For Nonprofits

Google committed an additional $200 million in ad grants to support nonprofits, bringing the program’s total investment to $1 billion, the company announced Wednesday.

The program, launched in 2003, provides nonprofits with up to $10,000 in complimentary Search ads per month. The additional funds will be directed toward organizations that address COVID-19 response and recovery, racial injustice and other pressing issues around the world.

Also, Google announced several initiatives aimed at racial equity, including increasing Black representation in its hiring and senior ranks and funding to support Black business owners, entrepreneurs and developers.

May 29

Skift To Shift To 100% Remove Work In August

B2B media company Skift will let its Manhattan office lease expire July 31 and go fully remote, Folio reported. The move will save the company $600,000 in expenses.

The company, which covers the travel industry, will rent meeting space as needed every week to accomodate its New York-based employees but expects some to relocate.

“Business operators are realizing this is a once in a lifetime chance of resetting your cost base,” CEO Rafat Ali told AdExchanger last month. “This is true across all industries, not just in travel, not just in media.”

Roughly 40% of its revenue was derived from events; When the pandemic struck, the company furloughed 20 workers who have since been laid off. Skift has also introduced a hiring freeze, solicited donations from readers and shifted to virtual events. Read more.

May 28

Pandemic And Merger Lead To More Layoffs At ViacomCBS

CBS will cut between 300 and 400 jobs due to the pandemic-related economic downturn and its continuing merger with Viacom.

The layoffs will happen across all divisions and be effective immediately, The Los Angeles Times reported. But the cuts will be concentrated in CBS divisions such as entertainment, news, sports, its production studio and TV stations. CBS News is expected to lay off 5% of its 1,400 full-time employees. Most affected employees are based in New York, Los Angeles and Chicago.

It is the combined company’s second round of job cuts following the December merger. About 100 employees were laid off largely from its cable operations.

“We are restructuring various operations at CBS as part our ongoing integration with Viacom, and to adapt to changes in our business, including those related to COVID-19,” a CBS representative told The Los Angeles Times in a statement. “Our thoughts today are with our departing colleagues for their friendship, service and many important contributions to CBS.”

May 21

The Atlantic Lays Off 17% Of Staff, Accelerates Subscription Strategy

The Atlantic laid off 68 people, or 17% of its staff, as part of a “reset of its business strategy” due to the coronavirus pandemic, Atlantic Media Chairman and owner David Bradley said in a message to staffers Thursday morning.

Though The Atlantic added 90,000 subscribers since March, that increase in consumer revenue wasn’t enough to offset declines in advertising and cancellation of live events. With the pandemic clearly demonstrating the importance of consumer revenue, The Atlantic is hoping to reach its goal of 1 million subscribers by December 2022, up from its current 450,000-subscriber total.

“Like The New York Times and The Washington Post, The Atlantic’s long-term intention is that a majority of revenues comes from its readership,” Bradley said. “In the absence of a pandemic and global crisis, we would have found some kind of kinder contraction.”

As part of the layoffs, Atlantic Media will shut down its video department and make deep cuts to its live events division. Sales and marketing are also affected. Remaining executives will take pay cuts and the company will institute salary freezes.

Despite the cuts, there are a few bright spots for The Atlantic, Bradley said. In addition to subscriber growth, The Atlantic is seeing upticks across premium advertising its branded content (Re:think) and consulting (Atlantic 57) divisions and – perhaps unsurprisingly – in programmatic advertising.

May 15

Vice Media Group To Lay Off 5% Of Staff

Vice Media Group will lay off more than 5% of its global workforce, or 155 employees, including about 100 internationally and the remainder in the United States. Vice Digital’s teams will be hardest hit.

The US layoffs will take place Friday, while the layoffs of international staff will happen in the next few weeks, according to an internal memo obtained by Variety.

The digital teams account for half of headcount costs but only bring in 21% of revenue, Vice Media Group CEO Nancy Dubuc wrote in the memo. “Looking at our business holistically, this imbalance needed to be addressed for the long-term health of our company.”

Dubuc said that eliminating open roles would help Vice Media retain 90% of jobs in the digital organization. She said the pandemic exacerbated long-running challenges in digital advertising.

“[T]he squeeze is becoming a choke hold,” she wrote. “Platforms are not just taking a larger slice of the pie, but almost the whole pie.”

Vice Media, which includes Refinery29, had reportedly already been laying off workers in recent weeks. In late March, Vice Media also implemented pay cuts, suspended promotions and paused 401(k) contributions. Read more.

FT Avoids Layoffs With Pay And Spending Cuts

Despite an increase in paid subscriptions, The Financial Times will have to reduce staff salaries and hours to avoid layoffs.

From July until the end of the year, the publisher will reduce by 10% the salaries of non-editorial staff making more than 50,000 pounds.

The company will avoid editorial team cuts by reducing spending on outside contributors and moving some staff to part-time.

The reductions will not apply to those who were affected in the publisher’s first round of pay cuts.

In the last two months of the pandemic, FT has signed up 50,000 new digital subscribers. Read more.

May 14

Quartz Lays Off 80

Business news site Quartz will lay off 80 workers, or about 40% of its staff, in response to declining advertising revenue during the coronavirus pandemic. That includes about half of the publisher’s 43 journalists.

The layoffs were announced in a public filing Thursday from parent company Uzabase, a Japanese financial intelligence firm, The New York Times reported.

Executive salaries will also be reduced by 25-50%, and the company is closing physical offices in San Francisco, Washington, London and Hong Kong.

In a note to staff, CEO Zach Seward said the cuts were part of a plan to emphasize subscriptions over advertising. It had 17,680 paid subscribers at the end of April.

“Our strategy is to focus on what Quartz does best, which is analysis of global business and economics for our audience of young, ambitious professionals,” Seward said in the note. “The business model will still be a mix of subscription and advertising revenue, but as a smaller and more focused company, we’ll only do those things that serve Quartz’s core.” Read more.

IAS Cuts 10% Of Staff

Integral Ad Science (IAS) will lay off nearly 10% of it workforce in response to the economic downturn caused by the coronavirus pandemic, The Wall Street Journal reported Thursday.

IAS, which was acquired by Vista Equity Partners in 2018, employed more than 700 people before the layoffs. Read more.

May 13

Condé Nast Institutes Layoffs, Furloughs And Reduced Schedules For Some US Employees

Condé Nast will lay off less than 100 advertising, editorial and corporate employees in the United States in response to the coronavirus pandemic, The Wall Street Journal reported.

The publisher will also furlough a similar number of staffers, and a small number of employees will see their hours reduced.

Condé Nast, which publishes The New Yorker, Vanity Fair and Wired, has been hit particularly hard during the pandemic, in line with the sinking fortunes of the fashion, luxury and travel categories, which are sold across many of its titles.

After reevaluating each title’s costs against revenue, the company told executives they would have to reduce personnel if they couldn’t reach savings targets via cost cuts. The events team has been furloughed.

“These decisions are never easy, and not something I ever take lightly,” CEO Roger Lynch said in a memo sent to employees. “I want to be transparent about the principles and approach we used.”

The company, owned by Advance Publications, employs about 2,700 people in the United States and an estimated 6,000 globally. Read more.

May 11

GroupM Lays Off Staff

GroupM will lay off an undisclosed number of staffers across its agencies in several markets, Adweek reported. It’s not clear exactly how many employees are impacted.

The cuts come despite voluntary senior salary reductions and other cost-cutting measures put in place by parent company WPP in late March.

“Unfortunately, despite these efforts, in some markets we will have to make staff reductions and part ways with talented employees,” a GroupM spokesperson said. “We are doing everything we can to support those colleagues who are affected during this very challenging time.”

Xaxis was hit with layoffs in the low single digits, CEO Nicholas Bidon confirmed. The group is approaching cuts in areas that are the hardest hit, such as event marketing, while trying to retain programmatic traders and data scientists.

May 8

Facebook Grants $16M To Local US News Pubs

The Facebook Journalism Project has doled out nearly $16 million in COVID-19 relief fund grants to more than 200 US publishers to support their newsrooms during the crisis.

Local news outlets will use the cash to support immediate community needs and offset revenue shortfalls.

The money comes from a pool of $25 million earmarked by Facebook for local news relief funding that is itself part of a larger $100 million global investment in news. The remaining funds will be distributed throughout the year to support projects focused on long-term stability in local journalism.

Facebook also announced a series of grants to pubs in Asia, Europe, Latin America, the Middle East and North Africa. Read the blog post.

May 7

BuzzFeed Furloughs Workers

In a bid to keep its coronavirus-related revenue losses under $20 million, BuzzFeed will furlough 68 employees and extend employee salary cuts. The media company is also considering suspending employee 401(k) matching through the end of 2020, Bloomberg reported.

The furloughs will begin May 16 and last three months for affected employees in the United States. BuzzFeed will not fill 50 open content and technology jobs. It may also sublease offices in Minneapolis and Washington.

“The global economic downturn caused by the coronavirus pandemic has inflicted increasing negative impact on our business,” CEO Jonah Peretti wrote in a company memo. “In recent weeks, we have been confronted with even greater revenue declines than expected.”

May 6

NBCUniversal Becomes Latest Media Company To Cut Senior Management Pay

NBCUniversal will reduce senior management compensation by 20%, its CEO told staff Tuesday.

Pay raises for those making more than $100,000 would be rolled back 3%, and on-air talent at NBC News would also see their pay decline by 3% as the company weathers the economic recession caused by the coronavirus pandemic. The company would also cut its travel and entertainment budgets and use of outside consultants, The Wall Street Journal reported.

“Advertising revenue is starting to fall,” Chief Executive Jeff Shell wrote in a staff memo explaining the changes.

On Monday, Shell announced that NBCUniversal’s operations would be restructured. NBC News Chairman Andy Lack will depart, replaced by Cesar Conde, who currently runs Telemundo. Its broadcast, cable and streaming operations were streamlined under Mark Lazarus, who oversees sports and NBC’s local TV stations.

May 1

WPP Receives $747 Million Loan From UK Government

WPP has received a 600 million pounds ($747 million) credit from the UK government’s COVID Corporate Financing Facility (CCFF). AdAge reported the news Friday.

In its Q1 earnings this week, WPP said it had 4.4 billion pounds ($5.5 billion) of liquidity, thanks in part to the disposal of its majority stake in Kantar last year, and 2.8 billion pounds ($3.5 billion) in “other facilities,” including government funding. WPP has not accessed the government funds yet, according to AdAge sources.

The United Kingdom’s CCFF program lends money to businesses making a material contribution to the economy for up to a year on comparable terms to the pre-COVID-19 crisis. Recipients must be incorporated and have a headquarters or significant employment in the country. WPP has its headquarters in London but conducts most of its business outside of the country.

As in the United States, there has been pushback about whether large companies with significant cash reserves such as WPP should be eligible to receive government aid.

Bloomberg Speeds Up Vendor Payments During Pandemic

Bloomberg LP will pay all vendor invoices within three days of receipt and approval during the pandemic, up from current payment terms of 30-45 days.

The company said Friday that it would also pay vendors for hourly workers assigned to Bloomberg, regardless of whether they’re still working or not. That’s similar to the company’s policy for its own workers.

“In the current environment, small businesses need cash on hand to survive,” Founder Michael Bloomberg said in a statement. “We greatly value all our vendors and the services of their workers who support our company. We will do our part to ensure they can continue to operate. In return, we expect our vendors to accelerate payment to their subcontractors, and to continue paying their hourly wage workers who are assigned to Bloomberg and not currently working due to the pandemic.”

April 29

Axios To Return PPP Loan

A week after disclosing that it had avoided layoffs and pay cuts by securing a $4.8 million Paycheck Protection Program loan, Axios said Tuesday that it would return the funds.

In a blog post, co-founder and CEO Jim VandeHei said the media company could confidently give the money back after nearing a deal for an alternative source of capital. At the same time, the program has inspired a backlash against many companies for taking PPP funds, including Axios.

“Some critics say media companies like ours should not qualify, period,” VandeHei wrote. “Others argue that venture-backed startups should seek capital elsewhere, even if it hurts the business.”

He said the decision to apply for the loan four weeks ago had seemed prudent, since Axios’ physical events business was shut down, ad revenue declined and it wanted to protect its 190 employees from layoffs.

The PPP program is aimed at businesses with less than 500 workers that cannot access capital at a reasonable cost and would eliminate jobs without the funding. Read more.

April 28

OpenX Cuts Staff, Hours And Executive Pay In Response To Reduced Marketer Spend

OpenX said Tuesday it has laid off, furloughed or cut hours for 15% of its employees. Most of that percentage were layoffs and furloughs, and the number of people whose hours were cut was small, the company said.

OpenX reduced the salaries of its leadership team by 15% to 20%. Read AdExchanger’s coverage.

April 27

GumGum Cuts Staff By 25%

GumGum laid off 25% of its staff last week due to declining revenues caused by the coronavirus pandemic, Business Insider reported.

GumGum raised $22 million in Series D funding in February, bringing its total funding to $58.8 million.

In a blog post last week, CEO Phil Schraeder said the company had been poised to surpass its growth goals as it headed into the end of Q1, but that changed drastically when the pandemic hit the United States.

He said he made the decision to reduce headcount when it became clear that the cuts already implemented – Schraeder began forgoing his salary, senior leadership received salary cuts and the company instituted a hiring freeze and reduced nonessential costs – wouldn’t be enough. Temporary actions, such as furloughs or more salary cuts, didn’t make sense in the long term, he said.

“As painful as it is, I am certain that our team was just too large for the revenue we will generate this year,” he wrote. “It would be irresponsible of me to take a short-term solution for what I know is a permanent revenue impact.”

April 23

Fox Cuts Salaries For Leadership Team

Fox Chairman Rupert Murdoch, Chief Executive Lachlan Murdoch and other senior executives will forego their salaries through September in response to the pandemic’s effects on its businesses, The Wall Street Journal reported.

Fox will halve the salaries of division heads, including Fox News Chief Executive Suzanne Scott, Fox Entertainment Chief Executive Charlie Collier and Fox Sports Chief Executive Eric Shanks.

Vice presidents and above would receive a 15% pay cut from May 1 through July 31.

The reductions are necessary so that “to the greatest extent possible, we are able to protect our full-time colleagues with salary and benefit continuation during the period we are most affected by the crisis,” Lachlan Murdoch said in the memo.

About 700 Fox Corp. employees will receive the pay cuts; on-air talent are not included, according to the Journal. Read more.

April 22

Axios Qualifies For A PPP Loan Worth Nearly $5 Million

Axios said Wednesday that it had qualified for a Paycheck Protection Program loan worth nearly $5 million, which will help the media company avoid the layoffs and pay cuts that have plagued the industry.

The company’s revenue has declined as its physical events business disappeared and advertisers paused spend. Axios had already moved quickly to cut non-personnel expenses, and it said the loan will ensure jobs and salaries for its staff of nearly 200 through the rest of the year. It will note its receipt of the PPP loan when writing about the program.

“Many organizations have had to lay off talented journalists and teams, or even shut down,” Axios said. “Our commitment is to not only protect existing jobs but, with time, grow new ones.” Read more.

April 21

Vice Prepares For Hundreds Of Potential Layoffs

Vice could potentially lay off more than 300 employees in its digital operations, including Vice News and Refinery29, according to an internal planning document obtained by The Wall Street Journal.

The move, if enacted, could save the company roughly $40 million, but digital traffic could decline by as much as 30% because less content would be published. Vice expects online ad spend to decline 33% at Refinery29 and 39% at Vice websites.

Vice said the document is one of several scenarios being discussed internally but no decisions have been made.

Top executives took a 25% voluntary pay cut last month, and CEO Nancy Dubuc took a 50% reduction. Read more.

Tribune Publishing Institutes 3-Week Furloughs

Two weeks after Tribune Publishing announced permanent 2-10% pay cuts for high salaried employees, CEO Terry Jimenez sent out another note requiring non-union employees whose salaries are between $40,000 and $67,000 to take three-week furloughs within the next three months.

“We may also implement additional furloughs or extend the length of time for positions that have been disproportionately impacted by the slowdown of work activity brought about by the pandemic,” Jimenez wrote. Read more from Poynter.

IPG Mediabrands Enacts Cost-Cutting Measures

IPG Mediabrands agencies enacted cost-cutting measures including furloughs and lay offs of 5% of its workforce, Adweek reported Tuesday.

An agency spokesperson said: “In alignment with IPG, we are instituting a range of actions to reduce expenses, including deferring all increases, taking salary cuts, furloughs and, as a last resort and only if unavoidable, making some reductions in staff.” More.

NPR Avoids Layoffs By Cutting Executive Pay

With a potential budget deficit of $30 million to $45 million, National Public Radio will slash executive salaries by between 10% and 25% to avoid employee layoffs, The New York Times reported.

The cuts, along with tighter discretionary spending, will save the radio and podcast nonprofit as much as $25 million. About a third of NPR’s revenue comes from corporate sponsors such as Trader Joe’s and State Farm, but that stream will be $12 million to $15 million smaller this year.

“We do not have any position eliminations on the table now, and it is our goal to avoid them as much as is reasonably possible,” NPR CEO John Lansing wrote in a company email obtained by the Times.

Like many news organizations, NPR is balancing increased reader and listener engagement during the coronavirus pandemic with declining revenue. Monthly traffic to its website has more than doubled, while radio show streaming has increased 31%. Read more.

April 20

WarnerMedia Gives Purpose-Driven Advertising A Boost

WarnerMedia Ad Sales launched a program Monday aimed at CNN Digital advertisers sharing “messages of social good and purpose” during the COVID-19 pandemic. Through the end of April, CNN Digital will match any new investment with inventory for the same dollar amount.

Participating marketers will get the ad inventory they initially paid for, as well as an equal amount of inventory that can be used to run purpose-driven messaging for their own brand or a charity. Those messages can run across CNN.com, GreatBigStory.com, CNNgo, CNN Audio and CNN’s digital newsletters.

The matched media may also be donated to the Ad Council for PSAs.

Launch partners include MassMutual, AARP and John Hancock. Matched media will be delivered through the end of September. Read more.

Meredith Implements Pay Cuts Until September

Meredith implemented pay cuts for 60% of its 5,000 employees due to the coronavirus’s effect on advertising. With “significant declines” in Meredith’s fourth fiscal quarter, which ended in March, Meredith cut salaries to strengthen liquidity and financial flexibility, the company said in a release.

Although Meredith’s revenue has increasingly diversified, advertising still accounts for half of its revenue. While 40% of employees’ salaries will remain unchanged, 45% of its employees will receive a 15% pay cut from May 2 to Sept. 2. The 15% highest-paid employees will receive at least 20% pay cuts, while Meredith CEO and President Tom Harty and the company’s board of directors will take 40% pay cuts. Employees who receive pay cuts will receive one day of unpaid leave per week.

The company also withdrew its fiscal 2020 guidance and suspended its investor dividend. Read more.

April 19

Charter Announces 60-Day Moratorium On Layoffs and Furloughs

Charter said Sunday that it would not lay off or furlough any workers during the next 60 days.

The cable company also said that it has created more than 700 new jobs, including an expansion of its Spectrum call center operations and hires in El Paso, Texas, Rotterdam, NY, and Kansas City, Mo.

Charter recently announced it would permanently increase its minimum wage to $20 per hour. Read more.

April 17

Vox Media Furloughs 9% Of Employees

Vox Media, which publishes Recode, The Verge, New York Magazine and Eater among others, has furloughed 9% of employees from May 1 to July 31. The cuts, according to TechCrunch, are “across sales, sales support, production, events, IT and office operations, along with editorial staff at SB Nation and Curbed.”

In a memo to employees, CEO Jim Bankoff also announced reduced hours for 1% of employees, salary cuts for those making over $130,000, with reductions beginning at 15% and going up to 50% for Bankoff and Vox Media President Pam Wasserstein. Vox also halted raises as well as its 401k matching program through the end of 2020.

Wrote Bankoff: “Weakness in March, driven by the cancellations of SXSW and March Madness, the collapse of travel, sports and fashion-related advertising, and other factors led us to miss our revenue goals by several million dollars in the first quarter; the impact will be significantly greater in the second quarter.”

He expressed confidence that the company will rebound, though could not say when or by how much.

The Vox Media Union said it had a guarantee there would be “no layoffs, no additional furloughs, and no additional pay cuts through July 31, along with enhanced severance for any layoffs that occur in August-December.”

Google Ad Manager Will Waive Ad Serving Fees For News Publishers

For the next five months, Google is waiving its Ad Manager ad serving fees for news publishers around the globe, which have been hit hard by the coronavirus pandemic. Read the blog post.

Many have seen ad revenue fall as national and local advertisers pull back, and as coronavirus-related keyword blocking makes it difficult to monetize related content, compared to soft news or counterprogramming. Read AdExchanger’s coverage.

April 16

LA Times Furloughs Non-Editorial Employees

The LA Times is furloughing business-side employees for 16 weeks and implementing 5% to 15% pay cuts for senior executives due to the coronavirus.

“Due to the unexpected effects of COVID-19, our advertising revenue has nearly been eliminated,” said President Chris Argentieri in a memo. Billionaire Patrick Soon-Shiong bought the paper in June 2018 for $500 million. Read more at the New York Post.

April 15

Fortune Lays Off 10% Of Staff

Fortune cut 10% of its payroll, or 35 employees, to reduce costs during the coronavirus pandemic. Fortune CEO Alan Murray took a 50% pay cut, and the rest of the executive team cut their salaries by 30%. The Wrap has more.

NextRoll Lays Off 30%, Institutes 20% Paycuts

The retargeting company NextRoll, which recently rebranded from AdRoll, laid off 30% of its 700 global staff at the beginning of April due to the economic effects of the coronavirus pandemic.

The remaining employees are taking 20% pay cuts, AdExchanger confirmed. The executive team are cutting their salaries by a greater, but unspecified, percentage.

“We are in the midst of the most challenging period the world has experienced in our lifetime,” said NextRoll Inc. CEO, Toby Gabriner. “It’s impossible to know how long this global pandemic will last, but it’s clear that NextRoll has entered uncharted territory.” More.

April 14

Verizon Media Donates $10M In Ad Credits For COVID-19 Mental Health Awareness

Verizon Media is earmarking $10 million worth of ad inventory to support mental and public health response efforts related to the coronavirus pandemic. The inventory is reserved for national and internal mental health organizations, which have seen a rise in demand for their services.

Some of the entities involved include Child Mind Institute, which provides telemedicine and remote health evaluations, and Crisis Text Line, which provides 24/7 free text support for those in crisis in the United States, Canada, United Kingdom and Ireland. The donation will also aid response efforts by the Centers for Disease Control and the World Health Organization. Adweek has more.

Omnicom To Begin Furloughs And Layoffs

Omnicom confirmed Tuesday it will lay off and furlough staff across its 70,000-employee network due to the economic impact of the coronavirus.

Business Insider first reported the news.

Layoffs and furloughs will begin this week and will affect “many of our agencies,” Omnicom CEO John Wren wrote in a memo to employees. The company will try to furlough employees rather than lay them off and participate in government subsidy programs where it’s eligible “so we can bring people back if, and when, conditions improve and client demand recovers,” he wrote.

Omnicom did not break out which agencies will be affected, but a spokesperson confirmed that those with clients in nonessential industries such as retail, oil and gas and automotive, as well as those that focus on events, have been hit the hardest.

Wren will also forgo his entire salary and senior management will reduce their salaries by a third through September 2020. Omnicom will stop hiring new employees, freeze all salaries and reduce its reliance on freelancers. And it will cease discretionary spending on award shows and events, as well as suspend its share repurchasing program.

“Unfortunately, COVID-19 has had a profound impact on the economy, on our clients’ businesses, and in turn, on ours,” Wren said in a memo to employees. “While we hope for a swift recovery, we have to respond quickly to the reality of the moment, to ensure the sustainability of our business and our ability to continue to provide our clients with outstanding service.”

In addition to cost cutting measures, Omnicom has expanded its coverage plans for health benefits in the United States and is moving talent to areas of the business that are growing, such as Omnicom Health Group.

April 13

E.W. Scripps Directs Savings From Voluntary Executive Pay Cuts To Employee Fund

Executives and the CEO of the local TV, digital and podcasting media company E.W. Scripps are voluntarily reducing their salaries, with the savings directed to The Scripps Howard Foundation’s COVID-19 Employee Relief Fund, according to Broadcaster + Cable. E.W. Scripps operates 60 local TV stations, Court TV, Newsy and podcast company Stitcher.

CEO and president Adam Symson will take a 15% pay cut, and the rest of the executive team will forgo 2020 raises and cut their 2019 salaries by 10%. The 11 board members will also take a 15% cut in their cash compensation, with the chairman Rich Boehne waiving the remainder of the year’s fees.

Condé Nast Cuts Salaries, Reduces Hours

Condé Nast, in response to the economic downturn caused by the coronavirus pandemic, has instituted an austerity plan in which employees making at least $100,000 annually will have their salaries reduced by 10% to 20% for five months beginning in May, according to Variety.

“The ELT [Executive Leadership Team] and I recognize it’s very likely our advertising clients, consumers, and therefore our company, will be operating under significant financial pressure for some time,” wrote Condé Nast CEO Roger Lynch in a memo sent to employees Monday.

Senior executives including Vogue’s Anna Wintour will see a 20% salary reduction, and Lynch will take a 50% reduction.

Lynch also noted that Condé Nast will reduce working hours for some employees and that he expects layoffs will eventually happen.

“We’ve already closed several hundred open positions and limited hiring only to the most critical roles,” Lynch wrote. “Role eliminations are never something we take lightly, and we’ll continue to work to limit this as much as possible.”

Publicis Groupe Cuts CEO And Board Salaries, Slashes Dividends By 50%

Publicis Groupe said Monday it will cut the salaries of chairman and CEO Arthur Sadoun and executive chairman of the supervisory board Maurice Lévy by 30% in response to the coronavirus pandemic.

The company will also reduce compensation by 20% for management board members. For stakeholders, Publicis will slash dividends by 50% and delay payments until the end of September. Read more.

Dentsu Aegis Network Cuts Employee Salaries By 10%

Dentsu Aegis Network, the international arm of Japanese agency conglomerate Dentsu, will cut all employee salaries by 10% in response to the economic fallout of the coronavirus pandemic.

A Dentsu Aegis spokesperson declined to specify whether management or executive pay saw deeper salary reductions. Read more.

April 11

InMobi Avoids Coronavirus Layoffs With Stock Compensation Plan

Mobile advertising platform InMobi is revising its compensation structure for employees in an effort to avoid layoffs due to economic strife related to the ongoing COVID-19 pandemic.

Effective April 2020, employees will receive a portion of their salary in the form of stock rather than cash. The stock component begins at 10% of an employee’s salary. The percentage will be higher at the company’s leadership levels. Read more.

April 10

IPG CEO Michael Roth Outlines Cost-Cutting Measures, But Is Vague On Specifics

IPG CEO Michael Roth said in an internal memo Friday that some agencies would need to trim staff as a cost-cutting measure, due to coronavirus-related economic effects.

According to AdWeek, Roth didn’t say which agencies will be hit with layoffs and furloughs, though the agency MullenLowe had already gone through a round when Roth circulated his memo.

Other cost-cutting measures include postponing raises, hiring freezes, salary cuts and cuts in non-essential spending.

April 9

Hearst Promises No Layoffs Or Pay Cuts

Hearst Corp. informed its newsrooms that there would be no layoffs, furloughs or pay cuts as a result of the coronavirus pandemic, according to Poynter.

Instead, the privately held company will give a 1% bonus to all workers, create a bonus merit pool and waive budgeting targets that influence executive bonuses. Hearst will also promote its newspapers and their pandemic coverage in TV ads in some markets.

Hearst has 24 daily newspapers, including the San Francisco Chronicle, Houston Chronicle, San Antonio Express-News and the Times Union of Albany, New York.

Yelp Lays Off 1,000, Furloughs 1,100

Yelp has laid off 1,000 employees and furloughed 1,100, according to The Wall Street Journal.

It’s also reducing salaries and work week hours and deferring stock repurchasing. CEO Jeremy Stoppelman has relinquished his salary this year.

Yelp told the Journal that clients’ ad budgets plummeted in the second half of March. In response it waived ad fees and offered free services – another hit on its revenues. Yelp also said that page views and restaurant searches dipped 60% from the beginning of March to the end. Page views and searches in Yelp’s services category also dropped 40% during that time.

VideoAmp Reduces Headcount, Lowers 2020 Forecast

VideoAmp laid off 10% of its roughly 210 employees on Thursday, Business Insider reported.

VideoAmp is allowing employees to transfer less than 10% of their compensation from cash to equity, and CEO Ross McCray will forgo his salary for an indefinite period of time. The company cut its growth estimate for the year to between 30% and 50%, down from the 150% growth the platform has experienced for the past three years.

The 6-year-old startup, which sells cross-channel TV measurement software, has raised $106 million from investors including The Raine Group, Ancora Capital Partners, Mediaocean and RTL Group. VideoAmp acquired attribution company Conversion Logic in March for an undisclosed amount.

April 8

Group Nine Media Cuts Staff By 7%

Two weeks after implementing cost cuts, including reducing executive pay, Group Nine Media laid off 7% of its 700-person staff, Adweek reported.

That’s quite a reversal of the previously rosy executive forecasts that the publisher would be profitable this year, following the 2019 acquisition of PopSugar. But as the coronavirus pandemic causes marketers to freeze budgets or abandon campaigns already in the pipeline, media companies across the spectrum are left trying to balance the advertising declines with growing reader engagement as Americans shelter in place. Read more.

Quantcast Lays Off 5% And Cuts Salaries Due To Economic Impact Of The Coronavirus

Quantcast laid off just under 5% of its staff and implemented tiered pay cuts due to the economic impact of coronavirus.

The salary cuts are tiered according to compensation level, with some employees taking 5% cuts and the highest-paid employees taking 30% cuts. Its global staff numbers more than 600 employees, according to Quantcast.

CEO Konrad Feldman, who co-founded the company 14 years ago, took a 100% pay cut. Read more.

Adform Avoids Layoffs By Reducing Salaries

Adform’s senior leadership took a 20% pay cut for April, May and June to reduce costs during the coronavirus pandemic. The company also asked employees who were financially able to withstand a 20% pay cut to voluntarily reduce their wages. Those employees would move to a 4-day work week during the time period.

The company said it made those moves to avoid making layoffs to its 650-person workforce. Read more.

April 7

MediaMath Cuts 8% Of Its Staff, Citing Coronavirus

MediaMath reduced its workforce by 8% through a combination of layoffs and furloughs. Remaining employees will take a 10% pay cut and the company paused 401(k) matching.

“We are preparing our businesses to weather these uncertain times and taking actions that will strengthen our position for the long term, including focusing our hiring efforts on critical positions only, reducing expenses and compensation, and reducing roles as necessary,” MediaMath President Konrad Gerszke said in a statement. Read more.

April 3

Bustle And G/O Media Each Lay Off 5% Of Staffers

Bustle Digital Group, owner of Elite Daily, Nylon and Mic, and G/O Media, owner of The Onion and a bunch of former Gawker Media brands, each laid off about 5% of their respective staffers. As per Digiday, Bustle laid off 24 of its 300 employees and G/O Media laid off 14 of its 275 staffers.

Bustle is also instituting pay cuts, where employees making more than $70,000 will see an 18% salary decrease. Executives will take a 30% cut and CEO Bryan Goldberg’s salary will go down by 85%.

In both cases, the layoffs are due to declines in ad revenue stemming from the coronavirus pandemic.

Sojern Halves Its Staff, TripleLift Trims By 7%

The travel industry has been impacted especially hard by the coronavirus pandemic, leading ad tech firm Sojern to cut 50% of its staff.

“We’ve had to make the unfortunate decision to lay off several wonderful employees,” a Sojern spokesperson told Adweek. “COVID-19 has had a significant impact on the travel industry that is both unexpected and unprecedented. Like many other travel companies, Sojern has been hit hard and, in order to weather this global storm, we have had to make some very difficult business decisions.”

Meanwhile, ad tech firm TripleLift also had to reduce global headcount by 7% and trim salaries as marketers pause advertising campaigns. The company also furloughed an unspecified number of employees. Read more.

March 31

WPP Cuts Executive Committee Salaries By 20%

WPP said Tuesday that its executive leadership team will take a 20% pay cut for at least the next three months as a result of the coronavirus pandemic’s economic fallout.

The company has also withdrawn its 2020 guidance, suspended its $1.1 billion share buyback from its sale of Kantar to Bain Capital, suspended its 2019 dividend and put its final dividend under review. WPP expects the measures to result in roughly $870 million to $990 million in cost savings.

The economic uncertainty caused WPP’s like-for-like revenues to fall 16.1% in China in the first two months of 2020. In the United States, like-for-like revenues fell 0.9%, and the company expects that number to fall 4.4% in H2. Luckily, the holding company has cash on hand, raising almost $4 billion from the disposal of 50 non-core assets.

“As we enter the second quarter, it is clear that the impact of COVID-19 on the business will increase but it is not possible at this stage to quantify the depth or duration of the impact,” the company said in a release.

Maven Media Lays Off 9% Of Staff, Cuts Senior Management Salaries By 30%

The publisher, with 300 properties such as Sports Illustrated, TheStreet, History and Maxim, said Tuesday it has laid off 9% of its staff – or 31 of its 332 employees. Read more.

Maven also cut senior management salaries by 30%, which allowed Maven to avoid laying off an additional 20% of staff, said Maven CEO James Heckman in a letter to employees.

Despite strong audience engagement with Maven’s brands, Heckman noted “dramatic pullback” of sponsorships and a 40% decline in programmatic CPMs.

“We’re anticipating a $30 million reduction in revenue for 2020, comprised of a $17 million reduction in sponsorship sales, $10 million reduction in programmatic CPM-driven sales, and $3 million in other revenue initiatives, such as events,” Heckman wrote.

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Tembusu Grand

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