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Changi may run out of space by 2032: Forecast

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Changi Airport which already plans to more than double its current capacity could run out of space a few years after Terminal 5 opens by the end of the next decade.

By the time the new facility is up and running, the airport will be able to handle up to 135 million passengers a year – from 66 million now.

The additional capacity could be fully utilised by 2032 or even earlier, according to leading industry consultancy OAG.

It has, for the first time, done a detailed analysis on Changi’s growth prospects.

The forecast is based on past traffic patterns, plans by home carrier Singapore Airlines and developments in the region.

On the surface, the case for a doubling of traffic seems less strong than it might have been a few years ago, the report noted.

Singapore’s position as a stopover for long-haul travellers, for example, has been challenged in recent years by rival airport hubs and, in particular, Dubai.

Qantas’ decision in 2013 to move its hub for Australia-Europe flights from Singapore to Dubai, for example, has reduced Changi’s share of the market.

Other trends though suggest there is much for Changi to look forward to, OAG noted.

In the last 10 years, passenger traffic at the airport increased by an average of 5.5 per cent a year.

Between January and June this year, growth was much higher at 8 per cent, with 28.8 million passengers handled.

Despite the slowdown in long-haul traffic, the Singapore airport is taking advantage of strong growth in the region.

A third of routes in and out of Changi is under 3,000km – about hour hours’ flight time.

At the other end, the proportion of routes above 6,000km has fallen from 13 per cent in June 2010 to 11.3 per cent in June this year.

The forecast is sound, said Kent Yar, deputy managing director and global head of aerospace at Morgan Philips Executive Search.

Future decisions on whether capacity needs to be boosted beyond 135 million a year though will have to take into account different factors, he added.

For example, planners will need to ascertain if the demand is short-term due to low oil prices that would stimulate the industry, or more long-term.

karam@sph.com.sg


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Giant: Up to 70% Off Sanrio Hello Kitty Plushies, Stationeries & More from 8 – 31 Aug 2016

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Singaporeans in Rio: Gao Ning stunned, Yu cruises to fourth round

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Singapore table tennis suffered a shock when number one Gao Ning lost in the second round of the Olympic men’s singles competition here in Rio.

Ranked world number 34 going into the Games, 33-year-old Gao Ning succumbed to…

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DBS Q2 profit drops 6%, bad debt charges more than double

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DBS Group Holdings, Singapore’s biggest lender, reported a 6 per cent drop in second-quarter profit, hit by a sharp jump in provisions for bad loans as firms in the oil and gas services sector struggle to service debt.

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Olympics: Golden girl Wu rewrites diving record books

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China’s Wu Minxia splashed into the Olympic record books on Sunday, passing legends like American Greg Louganis and “big sister” Guo Jingjing as the most decorated diver in history.

Wu became the first person with five diving gold medals thanks to a no-doubt victory with partner Shi Tingmao in the women’s synchronised 3m springboard that kicked off the Rio Games competition and China’s hopes of an eight-medal sweep.

“I’m really happy to get this medal. We all wished that the Chinese divers would have a good performance during the Olympic Games,” Wu said afterward.

The result establishes her as one of the great all-time Olympians and sets a number of new diving milestones.

She passed the now-retired Guo to become the first man or woman with seven total diving medals, and is now the only diver to win four golds in a single event.

At the age of 30, she also became the oldest women’s winner in Olympic diving history, and Wu admitted feeling those years in the run-up.

“I thought about giving up before these Olympic Games because I got injured for a month and I thought it would take a lot of time to recover. It’s really hard to maintain my best performance,” she said.

Sunday’s easy victory could help Wu emerge from the shadow of her former synch partner Guo.

Guo captivated China with her dominance in the pool in Athens and Beijing, her glamourous diving-diva aura, and penchant for upsetting officials in China’s state sports apparatus.

Wu herself was at the centre of controversy in 2012 when it was revealed that her parents hid the news of her grandparent’s death and her mother’s cancer battle so she could focus on the London Games.

The revelation touched off a debate in China over the country’s win-at-all-costs mentality in the Games.

Wu had nothing but praise for Guo after surpassing her one-time mentor.

“Guo Jingjing always helped me tremendously in the early stages of my career. She has always taken care of me and helped my grow,” Wu said.

“Even though now I may have bigger achievements in the Olympics, she will always be ‘big sister’ to me.” Wu won’t be able to add to her medal tally in Rio as Sunday’s competition was her sole event. She said she was likely to retire.

Wu’s five gold medals take her one past Guo, compatriots Fu Mingxia and Chen Ruolin, Louganis, and Patricia McCormick of the USA.

Chen could catch Wu on five golds later in Rio when she competes in the 10m synchronised event.

Wu won the 3m synchronised springboard in 2004 and 2008 with Guo, and in 2012 with He Zi. Wu’s other gold came in the London 2012 3m individual springboard.

Wu and Shi leapt to the top of the leaderboard from round one on Sunday and never let up, locking it away in the last two rounds with exquisitely synchronised dives that had the judges fawning.

Their final tally of 345.60 points was 31.77 more than Italian silver medallists Tania Cagnotto and Francesca Dallape. Maddison Keeney and Anabelle Smith of Australia took bronze.

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Monday, August 8, 2016 – 07:46
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Japanese emperor to address public after abdication reports

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Japanese Emperor Akihito will make a rare video address to the nation on Monday in which the 82-year-old monarch is expected to outline his concerns that he cannot do his job fully but avoid saying outright that he wants to abdicate.

Public broadcaster NHK reported last month that Akihito, who has had heart surgery and been treated for prostate cancer, wanted to step down in a few years – a move that would be unprecedented in modern Japan.

Once considered divine, Japan’s emperor is defined in the constitution as a symbol of the “unity of the people” and has no political power. He is therefore unlikely to state outright that he wants to step down, which could be interpreted as interfering in politics.

Akihito is said to feel strongly that an emperor’s full performance of his duties is integral to his constitutional role as a symbol of the people’s unity, according to monarchy experts.

Opinion polls show the vast majority of ordinary Japanese sympathise with the emperor’s desire to retire, but legal changes would be needed to allow him to do so.

The idea has sparked opposition from Prime Minister Shinzo Abe’s conservative base, who worry debate on the imperial family’s future could widen to the topic of letting women inherit and pass on the throne, anathema to traditionalists.

Akihito has been cutting back on official duties recently, his place taken by his heir, 56-year-old Crown Prince Naruhito.

Naruhito has only one daughter. Since only males can inherit the Chrysanthemum Throne, the throne after Naruhito would pass to his brother, Prince Akishino, and then to nine-year-old nephew Hisahito.

Others worry that devoting political energy to discussing abdication could sidetrack Abe’s push to revise the U.S.-drafted pacifist constitution, seen by many conservatives as a symbol of Japan’s humiliating defeat in World War Two.

Akihito ascended the throne after the death of his father, Hirohito, in whose name Japan fought the war. He has sought to soothe the wounds of the conflict in Asia and tried to bring the monarchy closer to the people.

The emperor’s recorded remarks will be aired at 3 p.m. (0600 GMT), only the second time Akihito has addressed the public in such a fashion. The first was after a massive earthquake, deadly tsunami and nuclear disaster hit northeast Japan in March 2011.

Abe is expected to issue a statement saying he takes the emperor’s remarks seriously, domestic media reported, in remarks carefully worded to avoid appearing to politicize the issue.

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Monday, August 8, 2016 – 07:45
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Olympics tennis: Williams sisters shocked in first round

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Serena and Venus Williams were deposed as Olympic Games women’s doubles champions on Sunday, their hopes of a fourth gold dashed by Lucie Safarova and Barbora Strycova in the first round.

Just a day after 36-year-old Venus, suffering from a virus and stomach complaint, was beaten in the singles, the top-seeded sisters slumped to a 6-3, 6-4 defeat against the Czech pair.

The sisters won the Olympic doubles title in 2000, 2008 and 2012.

Serena is the defending champion in singles while Venus was the title winner in Sydney 16 years ago.

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Monday, August 8, 2016 – 07:43
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Olympics swimming: Park 'afraid to look up' after latest failure

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South Korea’s top swimmer Park Tae-hwan apologised to his compatriots after bombing out of another race at the Rio Olympics on Sunday. “I was afraid of looking up at the scoreboard,” he told the Yonhap news agency after finishing last in his 200 metres freestyle heat. “I didn’t want to come out of the pool.” Park’s presence in Rio has been controversial, the country’s first Olympic swimming medallist winning a late battle to compete after appealing against a doping ban.

The 2008 gold medallist in 400m freestyle failed to qualify for the finals in that event on Saturday after clocking the 10th-fastest time.

On Sunday he was 29th overall in the 200m, a time 2.31 seconds slower than Chinese pacesetter Sun Yang, ending his hopes of winning a medal in the distance for the third Games in a row after silvers in 2008 and 2012.

Park completed an 18-month ban imposed by world governing body FINA in March after testing positive for testosterone ahead of the 2014 Asian Games.

Under a controversial Korean Olympic Committee regulation, he was then hit with an additional three-year ban from the national team the day the FINA suspension expired.

That would have ruled him out of contention for Rio but the Court of Arbitration for Sport cleared the 26-year-old to compete. He is also due to swim in the 100m and 1,500m freestyle races in Rio. “I wanted to put yesterday’s 400m race behind me,” he said on Sunday. “But I think I was trying too hard to make up for it and my shoulders didn’t move the way I wanted them to.”

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DBS Q2 profit drops 6% over Swiber loan exposure

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SINGAPORE – DBS Group Holdings, Singapore’s biggest lender, on Monday (Aug 8) reported a 6 per cent drop in quarterly profit due partly to a jump in provisions for oil services firm Swiber, and flagged large exposure to the struggling oil and gas…

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