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MEMBER EVENTS

SSA & PwC Seminar: New Leases
The talk was followed by a very
Standard (IFRS 16) and its Impact on
interesting panel discussion where the

Shipping Companiesloor was open to ask experts from PwC
any question. Several questions were

asked about the implications of the new

lease. The seminar ended with a mini The event, which began with a oice on 8 April 2016. More than 150
networking session where our clients breakfast networking session,participants attended this seminar.

could interact with experts from PwC to was held in collaboration with PwC experts Chen Voon Hoe

gain further information.PricewaterhouseCoopers (PwC) at their(Risk Assurance Partner, PwC) and

For a brief summary on the IFRS 16, Senthilnathan Sampath (Accounting
please scan this QR code.Advisory Deputy Head, PwC) shared

insights on the accounting impacts of the

new lease with reference to the shipping
industry, whereas Elaine Ng (Corporate

Tax Advisory Partner, PwC) and Tia Siew

Nam (Corporate Tax Advisory Associate
Article contributed by Director, PwC) spoke about the tax

PricewaterhouseCoopers LLPimplications of the same.

DBS & SSA Presents - Charting a Course: DBS Market

Outlook and Opportunities in a Volatile Market

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With the current market outlook, SSA and DBS jointly organised a

seminar for SSA members; “Charting a Course: DBS Market Outlook
and Opportunities in a Volatile Market” on 24 March 2016, at the DBS

Auditorium. The session started with an opening address by SSA Council

Member and Executive Director – Legal & inance, Safety & Training, Hong
Lam Marine Pte Ltd, Ms. Caroline Yang. She briely shared her views on the

market outlook from a shipowner’s perspective. Ms. Joyce Tee, Managing

Director, DBS, Institutional Banking Group also welcomed all attendees.

Following that, the various speakers from DBS gave their presentations.
The speakers and presentations include:

SPEAKER TOPIC

Mr. Philip Wee, Executive Director, DBS, Group Research Strong USD: Are policy divergences less efective today?

Mr. Eugene Leow, Vice-President, DBS, Group ResearchNavigating Negative Interest Rates

Ms. Sophia Liao, Vice-President, DBS, Treasury & Markets,

Corporate Advisory GroupInterest Rate Hedging Solution

Mr. Peter Tan, Senior Vice-President, DBS, Treasury & Markets,
Commodity DerivativesCommodity Hedging Solutions

Mr. Stanley Tan, Senior Vice-President, DBS, Global Transaction
Services, Working Capital AdvisoryShipping – A Working Capital

Ms. Lily Toh, SVP, DBS, Institutional Banking GroupShipping Financing Options

The presentations were followed by a panel Q&A session, moderated by Ms. Caroline Yang. Participants gave positive feedback saying

that they found the presentations informative and relevant, with many requesting the speakers’ materials.

ISSUE 50 | WAVES