11 Nov

Beijing International Investment Promotion Council Appoints Ascott’s Deputy CEO As Foreign Professional Consultant

The Ascott Group's deputy CEO (Operations), Mr Cameron Ong, was today appointed by the Beijing International Investment Promotion Council (BIIP) as its foreign professional consultant.

The appointment was announced at the inaugural International Investment Promotion Forum today in Beijing, China. The forum is co-organised by the BIIP Council and China International Investment Promotion Agency.

Mr Ong is the only Singaporean on the council. With more than 15 years work experience in China, he will advise the local Beijing authorities on the development of Beijing's hospitality and tourism sectors.

Mr Sun Chang Tai, acting president of the Beijing Foreign Investment Service Centre, said: "Mr Ong's strong commitment to the development of Beijing's hospitality industry over the years, and experience in the operation and management of international hospitality chains makes him a valuable resource on the council.

"His contribution to Beijing's economic development has been outstanding, especially in recent years, as he led The Ascott Group's expansion of its serviced residence operations in China."

Mr Ong has more than 25 years' international experience in the hospitality business. He has won several awards for his contributions to the hospitality and tourism sectors, including the 'Best Expat' award in 1990 and a special award for 'Outstanding Contribution to Tourism' in 1991. Both commendations were given by the Mayor of Beijing Municipal Government.

Mr Ong currently oversees Ascott's global operations and directs its product development & technical management, procurement, marketing & brand development activities, and The Ascott Training Institute.

Ascott is the largest international serviced residence company in the Asia Pacific and Europe, with more than 13,500 serviced apartment units in 38 cities. In China, it is the largest international serviced residence operator with properties in Beijing, Shanghai, Tianjin and Dalian. The group is the serviced residence arm of CapitaLand Limited, one of the largest listed property companies in Asia.

Mr Ong said: "China's entry into WTO opens up tremendous potential for Beijing city, which is rapidly evolving. I am delighted to have the opportunity, as consultant to the BIIP Council, to help shape the further development of the city's hospitality industries, and particularly its preparations for the 2008 Olympics."

Led by the Beijing Municipal Government's foreign economic relations and trade commission, the BIIP Council is responsible for promoting foreign trade and investment in Beijing. It creates opportunities for business networking and partnerships between local and foreign companies, while fostering better understanding of Beijing's foreign investment policies.

The council's members include representatives from various developing industries in Beijing, investment promotion organisations, government-linked and private companies, auditing and consultancy firms, lawyers and accountants.

Mr Ong is also advisor to the Serviced Apartments Association of Singapore (SAA) and a member of the American Hotel and Lodging Association, American Society of Travel Agents (ASTA), and Pacific Asia Travel Association (PATA).




The Ascott Group is a leading international serviced residence company with serviced residence units spanning the gateway cities of Europe, Southeast Asia, North Asia and Australasia.

Ascott's global presence comprises 13,500 serviced residence units in more than 110 properties across 38 cities in 15 countries. These cities include London, Paris, Brussels, Berlin and Barcelona in Europe; Singapore, Bangkok, Ho Chi Minh City, Kuala Lumpur, Tokyo, Shanghai and Beijing in Asia; and Sydney, Melbourne and Auckland in Australasia.

Headquartered in Singapore, The Ascott Group pioneered the Asia Pacific's first branded luxury serviced residence in 1984. Today, it boasts a 19-year industry track record and serviced residence brands that enjoy strong recognition worldwide.

The Group's flagship The Ascott luxury serviced residence brand projects an elegant lifestyle appealing to top executives. Its Somerset upper-tier brand offers stylish, contemporary living for senior to upper management executives. The mid-tier Oakford brand in Australia and Citadines brand in Europe provide corporate executives with comfortable city residences.

Listed on the mainboard of the Singapore Exchange, the Group is the serviced residence arm of CapitaLand Limited, one of the largest listed property companies in Asia.

Headquartered in Singapore, CapitaLand Limited's core businesses in residential, commercial and industrial property and property related services, such as property funds and real estate financials, are focused in selected gateway cities in China, Australia and the UK. Its hospitality businesses, in serviced residences and hotels, have a global footprint in more than 50 cities worldwide.

For reservations on Ascott properties, call Central Reservations on (65) 6272-7272 or visit the Group's website at www.the-ascott.com



Ida Lim, VP, Investor Relations & Corporate Communications
Tel: (65) 6586 7230 Hp: (65) 9628 8339 Fax: (65) 6586 7202
Email: ida.lim@the-ascott.com

Tay Cheng Cheng, Assistant Manager
Tel: (65) 6586 7231 Hp: (65) 9010 0627 Fax: (65) 6586 7202
Email: tay.chengcheng@the-ascott.com