There’s more synergy and we can work together as a team”. If there is just one conclusion we can draw from all this, it's absolutely that Ho did not sleepwalk through life. "And unfortunately... he had his first stroke when I was still in Hong Kong, and I had already by that time written to him before he had his stroke that I was thinking of leaving to come home to the family business. In our latest conversation with him last week, though, we learned that he is all the above, but also in equal parts romantic, sentimental and nostalgic. “The values that our family has are very much expressed in this company,” says Ren Yung. Li's daughter, Ho Minfong, was born in Yangon in 1951. Married to Ho Kwon Ping, president of the Wah Chang/Thai Wah group of companies, she is executive director of Banyan Tree Gallery. Kwon Ping grew up and studied in Thailand. These two are obviously adept at giving cerebral answers to interview questions. ? Just as the influence of Ho Kwon Ping sparked our approach to this editorial, so too will the experienced leaders of the previous generation embolden the Millennial vision of this one. It's not did I become rich, did I become famous, but did I really live a life of purpose, of excitement, of meaning for myself — or did I just sleepwalk through it, kind of not knowing what I wanted to do, and then sort of wake up one day and (realise) you haven't done anything with your life? And then she just died like that.". ), or to check out his house, but because of his latest book, Asking Why — a compilation of speeches, writing and essays piled behind a 48-page-short autobiography he wrote — released some months ago. Indeed, what at first seemed like a brief idyll actually had a profound influence on their lives. Web design by Yu Sheng & Yu Siang. He joined the family business in 1981. He went on to Tunghai University in Taiwan where the exposure to Chinese culture left a deep impact on him. It just gives you a greater appreciation of the value of life.". #Tatlergram: Where Do Our Society Friends Go for a Hotel Staycation in Singapore? Roshni Nadar Malhotra. But people in Banyan Tree know what our celebrations are like. Ho was born to Ho Rih Hwa, a businessman and diplomat, and Li Lienfung, the noted bilingual author. That's particularly easy to do in an affluent society.". Despite his years spent in considerable poverty, Ho was born into a well-off family. Claire Chiang (b. Her son, Ho Kwon Ping, was born in Hong Kong in 1952 and later became a businessman. Founder, K11 Group. Mr. Ho Kwon Ping is the Executive Chairman of Banyan Tree Holdings, a Singapore-based premium hospitality brand with global business interests. Ask Ho and Chiang when they started talking to their children about their roles in the family business, and the latter jokes: “When they were born.” She clarifies, though, that “as parents, we hope they will join the company, but it’s okay if they don’t because they will always be custodians of the business even if they don’t manage it. Sign up for our newsletters to get all our top stories delivered. – Ho Kwon Ping, Banyan Tree Holdings “Thankfully we’ve extended our survivability past two years, even if it’s a worse-case scenario,” he noted. After a year in Taiwan, he left for Stanford University in the United States. He was even invited to tea (yes, that tea), and almost found himself being fielded on the People's Action Party's slate of candidates in the 1984 General Election. | This is a vehicle of purpose.”, And they intend to hold fast to that foundational core of idealism for the action-packed journey ahead. Enrique K. Razon Jr. Chairman and President. "I don't believe in artificial milestones, but after my 65th birthday, I stepped back to reflect a bit more than usual. Not because we hope to catch him with his pants down on a thorny issue (that's already been done by someone else ? ", In this caption from Asking Why, Ho writes that his biggest regret in life is not getting to know his father better in his prime. This is the largest donation to the SMU School of Law to date. Baring Private Equity Asia. “I think we were always brought up with the sense that this is an opportunity we can personally take on if we feel it fits our personal purpose,” says Ren Yung of the Banyan Tree business. Father Ho Kwon Ping, a former journalist who took over the reins at his own dad's manufacturing business before starting Banyan Tree, is now … ... Ho’s shift into the business world came several years later when he decided to join the family business after his father suffered a stroke in 1981. The power couple behind Banyan Tree Holdings have started preparing for succession planning. Ho Kwon Ping was born in Hong Kong in 1952 although his father, Ho Rih Hwa, a businessman and diplomat, was born in Singapore. Millions of Indonesian parents abandoned a measles vaccine in 2018 when it was declared haram. ), or to check out his house, but because of his latest book,Â, Ho Rih Hwa, and those of you from Singapore Management University (SMU) would likely recognise his name, from the university'sÂ. All rights reserved. “We were in that era of what we called ‘the rugged society.’” Soon after they got married in 1977, they moved to Hong Kong’s Lamma Island, where they lived in a village named Yung Shue Wan—Cantonese for Banyan Tree Bay, and the inspiration for the name of the hospitality company they would launch years later. He is also the founding and current Chairman of the Board of Trustees of Singapore Management University and Chairman of The Singapore Summit. Since 2018, she has also been the vice president of Brand HQ, the unit responsible for brand development, alignment and strategy. Digital decoupling, climate change loom larger than Covid: Ho Kwon Ping. He has been a Director since 5 July 2000. The first Banyan Tree resort opened on this Phuket site in 1994, and environmental sustainability was enshrined as a cornerstone of the new brand’s ethos. Ho Kwon Ping defines success as “a sense of relief at not screwing up so badly”; Image: Courtesy of Kelvin Chia “For an entrepreneur to survive 25 years in a pretty difficult global environment is not easy. "I think the worst thing you can do is to sleepwalk through life, wake up at the age of 66, 67 and then realise that gee, you know, what did I do? Ho Kwon Ping (b. “I felt a little bit foolish,” Ho admits with a candid grin. We introduced our work to them, we talked to them about the business, but we never forced them to join”. Whatsapp Linkedin FB Messenger Telegram Reddit WeChat Pinterest Print … Ho explains that "asking why" is a habit he actively encourages in his children and his grandchild. Ho Kwon Ping is one of Singapore's most prominent businessmen. For someone now running a large multinational company, Ho Kwon Ping's early career is perhaps surprising. IPS-Nathan Lectures Singapore: The Next Fifty Years - Lecture III: Security and Sustainability by Ho Kwon Ping. For one, the founder of Banyan Tree Holdings, Ho Kwon Ping, is a Singaporean national who was once a prisoner.  Ambassador to several countries such as Thailand, Belgium and Germany. Founders Claire Chiang (left) and Ho Kwon Ping (right) / Image Credit: China Daily. Published. They were captivated by the otherworldly beauty of what Ho described as a “desolate moonscape”, which was dotted with crater-like lagoons whose waters were a startling shade of cobalt blue. IPS-Nathan Lectures Singapore: The Next Fifty Years - Lecture III: Security and Sustainability by Ho Kwon Ping. Ho Rih Hwa Leadership in Asia Public Lecture Series. That’s what she’s trying to say.” All kidding aside though, it’s clear that this is a company that means a lot to her, filled with people she regards as her larger family. If you like what you read, follow us on Facebook, Instagram, Twitter and Telegram to get the latest updates. She was Singapore’s Woman of the Year in 1999, and a former nominated member of parliament. SINGAPORE -- Despite a slowdown in China, political turmoil in Thailand, and tough times in the Asian hospitality industry, Ho Kwon Ping's eyes gleam when he talks about new hotel locations. The founder and executive chairman of the Singapore-based hospitality group speaks about the road to recovery and sustainability’s key role in his future plans. It is those that flank Ho's decades-old home — what is arguably the mother of the Banyan Tree resorts Ho started in so many different countries all over (including Austria, Cuba, Mexico, Seychelles and Mauritius). “Asian economies at that time were growing on the back of contract manufacturing. “When it opens, guests will have a glimpse of a world that’s truly immersive.”, Indeed, a brave new world awaits, not just in the tropical wilderness of Singapore, but perhaps also in the self-perception of this homegrown brand as it starts a new chapter. Cover Story In every decision we make, we go beyond what is necessary because we are thinking about how to help people maximise their potential. As the late Lee Kuan Yew was friendly with the Hos, Ho shared that he had gone to visit Ho's family when his father died. “So regardless of the profitability of the business itself, we match our guests’ contributions,” says Ho. Jean Eric Salata. That’s a particularly crucial task as Banyan Tree Holdings prepares for rapid expansion. The father of two is married to Jacqueline, and sits on the board of trustees of the Singapore Management University and Chinese Development Assistance Council. Inspections have been carried out at the ferry terminal by Indonesian authorities. “An analogy I use is that of animals crossing a river where they are in danger of being eaten by crocodiles,” says Ho. Banyan Tree Founders, Ho Kwon Ping And Claire Chiang, Together With Daughter, Ho Ren Yung Talk About Their Entrepreneurial Journey As A Family, Executive chairman of Banyan Tree Holdings; married to Claire Chiang, Senior vice president of Banyan Tree Holdings; married to Ho Kwon Ping, Fellow of the SR Nathan Lecture Series at the Institute of Policy Studies. “Respect for individuals, no matter what station of life they are in, is one key value. Executive Director and CEO, HCL Corporation. Mr Ho joined the Banyan Tree Group (“BT Group”) as Associate Director of Corporate Development in 2010. Ho and Chiang came of age in the 1960s and ’70s, when much of Asia was still mired in poverty. Named the first Fellow of the SR Nathan Lecture Series at the Institute of Policy Studies in 2014, he published Asking Why, a collection of his writing, last year. Ho Kwon Ping For The Straits Times. "I … By Howard Lee. Minfong would go on to become a noted writer. He also would discover later that he would have the poignant honour of being the recipient of Nathan's last-ever written thank-you note. As Banyan Tree turns 25, the Singaporean hotelier reflects on surviving crises, the importance of diversity, redefining luxury, and his biggest regrets. But we digress.Why are we meeting him a third time in four years? He is the Executive Chairman of Banyan Tree Holdings , a Singapore-based leisure business group, which owns both listed and private companies engaged in the development, ownership and operation of hotels, resorts, spas, residential homes, retail galleries and other lifestyle activities in the region. Three new brands are currently in the pipeline, as are a total of 60 hotels and resorts, over half of which will be in China. In May 2000, Ho Kwon Ping was conferred an honorary doctorate by Johnson & Wales University, and later received the London Business School 2005 Entrepreneurship Award. Glancing around, we wondered why the trees in the vicinity were palms and other smaller varieties, until Ho turned our attention to beyond the windowed wall behind the couch we were seated on — three Banyan trees overlapped one another, which he and Chiang planted for each of their children. In his diaries, Ho was moved to discover that his father had kept every aerogramme (a lightweight, self-sealing letter card. As the eldest son, it was his duty to carry on the Wah Chang group of companies. (Related: Banyan Tree's Ho Kwon Ping On The AirAsia Phenomenon And Rainbow Tourism). Ho Kwon Ping at the launch of his book, The Ocean in a Drop. I particularly enjoy watching Monisha (Nathan's granddaughter) in conversation with you.". Just as the influence of Ho Kwon Ping sparked our approach to this editorial, so too will the experienced leaders of the previous generation embolden the Millennial vision of this one. Our dream was really to write, study, and talk about development issues—social development and economic development. "If you start at a young age of asking why of everything around you, starting from school days, that innate curiosity for knowing answers, not accepting answers that are just standard, asking questions, and discovering the answers, I think it's the start of a creative journey". Ho Kwon Ping was born in Hong Kong in 1952 although his father, Ho Rih Hwa, a businessman and diplomat, was born in Singapore. That’s what she’s trying to say.” All kidding aside though, it’s clear that this is a company that means a lot to her, filled with people she regards as her larger family. “It’s our strategy for capturing different markets, so each brand needs to be distinct in order to relate to the target segment. Kwon Ping grew up and studied in Thailand. So, there’s a relief and gratitude that we are thriving and continuing to grow,” he qualified. The late Mr Yong Shook Lin, a prominent lawyer, was the father of Mr Yong Pung How. Over thirty years ago, back in 1984, Singaporean couple Ho Kwon Ping (65) and Claire Chiang (66) chanced upon a vast expanse of coastal land in Phuket, Thailand, that used to be a tin mine. But at the same time it makes you much more sanguine about aging, because you do realise there's a really much greater awareness about the cycle of life.". SMU founding chairman Ho Kwon Ping will be awarded the Distinguished Service Order. Ho Kwon Ping. “Nevertheless, I think the past 25 years have been very entrepreneurial, and the next 25 years will be about consolidating existing resources, strengthening and deepening the infrastructure, as well as looking at brand delivery—in order to cross the river and look at new pastures.”, (Related: Why Banyan Tree Jiuzhaigou Is A Must-Visit For Nature Lovers), Close Up Mr Yong Pung How, SMU Chancellor 2011–15. Like many youths of the period, they wanted to do their part to help create a better life for people in this part of the world. Ho Ren Yung. 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