Media Coverage: Part 2 of Mr Chan Chong Beng Feature on on Money Week (财经追击)

Written by MM on . Posted in Media, Online Media, Press, Press Releases

27th September 2013 mynewsdesk

“There are good days and bad days. One must be ready for it all.”

- Mr Chan Chong Beng,Chairman,Goodrich Global

Check out our Chairman’s thoughts in the Part 2 -interview conducted by Tung Soo Hua, Money Week (财经追击), in a 2 part special!

If you missed the interview, here’s a short snippet of insightful interview!

Key Points of Part 1: Tips for Business Owners

- “In a Business, one must be decisive…one cannot afford to falter.”

- “There are good days and bad days. One must be ready for it all.”

- “Always have a backup plan!”

- “Have ample reserves to help you brave the storm…”

Click to view Part 1:

Key Points of Part 2 look at Mr Chan’s take on investments. Here’s what he says:

- Mr Chan’s “largest investment to date is in Goodrich and watching her grow day by day”

- Dividends are ploughed back into company’s reserve for future security.

- “Invest in blue chip company’s for longer term returns…”

- It’s good to have “property investments for post-retirement security”

Click to view Part 2:

Media Coverage: Mr Chan Chong Beng Featured on Money Week (财经追击)

Written by MM on . Posted in Media, Online Media, Press, Press Releases

30th Aug 2013 mynewsdesk

30th August 2013

Chairman of Goodrich Global,Mr Chan Chong Beng was interviewed by Mediacorp presenter, Tung Soo Hua earlier this month for Channel U’s,Money Week (财经追击).

Below is an extract of Mr Chan’s dialogue with Tung Soo Hua:

- “In a Business, one must be decisive…one cannot afford to falter.”

- “There are good days and bad days.One must be ready for it all.”

- “Always have a backup plan!”

- “Have ample reserves to help you brave the storm…”

Part II of the interview airs on 31st August 2013 at 1030pm (GMT) on Channel U.

To view a snippet of the interview please click:

For more details of the product, please contact:

Goodrich Global (Headquarters)

Marketing Department

Goodrich Building

8 Changi South Lane, #05-01

Singapore 486113

T: 6787 8787

F: 6788 7733


Mon to Fri: 9am to 6pm

Closed on Public Holidays


For Media Enquiries

Ms. Jean Leong

Regional Marketing Manager

T: 6586 8763F: 6304 7236


URL: |


ONLINE MEDIA | Spirit of Empowerment- Chairman of Goodrich Global, Mr Chan Chong Beng | GOODRICH GLOBAL 22nd June 2012

Written by on . Posted in Online Media, Singapore (HQ)

























































































































































GOODRICH GLOBAL 22nd June 2012


Spirit of Empowerment- Chairman of
Goodrich Global, Mr Chan Chong Beng


Chairman of Goodrich Global, Mr. Chan Chong Beng
believes that a businessman is born not created. There on, his personal career
path is in itself an example of the passion and go-getter attitude that makes a
businessman successful.


” Mr. CB Chan
“considers ‘empowerment’ to be one of the essential qualities of an
entrepreneur, and it is evident that his reason for success has been
just that.” With a clear direction of the goal, he has continuously
inspired and empowered those around him to strive for business



Source: Featured by Affluent Magazine- Jun/ Jul 2012.

































































































































































































































For more
details of the product, please contact our Gallery Consultants

Gallery (Flagship)


Changi South Lane, #01-01


6788 6868

6586 8794


to Fri: 9am to 6pm

& Sun: 11am to 6pm

on Public Holidays


For Media Enquiries

Jean Leong

Marketing Manager

6586 8763

8511 9578


6304 7236






About Goodrich Global

Goodrich Global provides the
perfect finishing touch to every interior.  It offers an extensive collection
of interior wallcoverings, carpets, fabrics and
floorings to create a completely personalized furnished ambience.
 Goodrich believes in ensuring that every dream design comes to
life.  Above all else, Goodrich is driven by the vision that every living
space is an expression of a unique cover story.

Goodrich boasts a strong
presence in over 30 regional offices and galleries located in 8 countries
including Singapore (Headquarters), China, Hong Kong, India, Indonesia,
Malaysia, Thailand and United Arab Emirates. Goodrich is well placed to meet
all your interior furnishing needs, globally.

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Online Media | Towkay dreams? He has it covered | March 2012

Written by goodrich_admin on . Posted in Media, Online Media, Singapore (HQ)

Towkay dreams? He has it covered
By Lorna Tan, Senior Correspondent

As a child growing up in a kampung in Ulu Sembawang, Mr Chan Chong Beng aspired to be a successful businessman.

‘My mum drilled into my mind that to be rich you’ve got to be a towkay (big boss) doing business,’ recalled Mr Chan, 56, chairman of interior furnishing company Goodrich Global. His mother was a teacher while his father did not work.

Restless to learn about running a business, he quit the then University of Singapore just eight months after he joined its architecture faculty.

It was through one of his school projects that he saw how viable the wallpaper business could be as the barrier to entry was low and it was not labour intensive.

He invested $1,500 in a newly set up firm that dealt with wallpaper and carpets and was its managing director from 1975 to 1983. After learning enough of the trade, he decided to venture out on his own and set up Goodrich Wallcoverings in 1983 with a partner. The firm has since been rebranded Goodrich Global and grown from just seven staff to 417.

When it comes to managing his personal finances, Mr Chan’s top priority is to ensure that his family is taken care of should anything untoward happen to him. To achieve peace of mind, he has invested in insurance protection, paying a total annual premium of about $60,000. His investment portfolio comprises mainly shares and properties. This is because he enjoys the excitement of stock investing and the potential capital appreciation of real estate.

Mr Chan is married to homemaker Loy Tai, 51, and they have three sons – Yik Ley, 25, Kwok Ley, 23, and Tiong Ley, 14.

Continue Story on source: >>

Online Media | Budget needs to address immediate concerns: Experts | February 2012

Written by goodrich_admin on . Posted in Media, Online Media, Singapore (HQ)

03:49 PM Feb 12, 2012
SINGAPORE – Budget 2012 will be delivered on Friday and it comes at a time of an uncertain economic landscape.

While the government has said the focus will be on the long-term competitiveness of Singapore, those Channel NewsAsia spoke with said there are immediate concerns that need to be addressed.

One thing cropped up among all those interviewed – rising costs not just for businesses but also the individual.

The call to increase wages remains a constant.

While productivity improvement is seen as a long-term solution, observers said the government can introduce some interim measures.

For example, subsidise the pay for low-wage workers, only for the short term, so companies have time to work on improving productivity.

Member of Parliament (MP) for Ang Mo Kio Group Representation Constituency (GRC) Inderjit Singh is one of them.

He said: “I’m not suggesting minimum wage fully on the burden of the employer but to be shared by the government.

“What I’m suggesting is that we should start thinking of a wage that is a reasonable, that the government supports in the short term. Employers will have to take over in the long term and they can only do that by productivity improvements”.

There are also calls to continue the focus on the middle-income group and Professionals, Managers, Executives and Technicians (PMETs) who are increasingly bearing the brunt of the downturn.

Labour economist from UniSIM Randolph Tan proposed the radical idea of an income tax credit for PMETs during the course of their job search.

Dr Tan said: “It could be done through some form of monetary incentive.

“What the government could do for example, is it could incentivise both the job seeker as well as the employer.

“One thing that hasn’t been explored is income tax credits for people who aren’t actually working but who are in the process of actively looking for a job. That could be taken into account and they can be awarded an income tax credit so that when they find a job that could be used to defray whatever income tax liability they may have in their new job.

“So it’s to give them a credit before they start on a new job. It’s quite radical because it’s never been explored.

“I think it’s something the government should start exploring because dealing with PMET unemployment is not as straight forward as dealing with unemployment of the lower-income groups because when you are talking of dealing with unemployment of the lower-income group, the way we deal with them is well trodden.

Dr Tan also suggested a targeted job matching scheme for PMETs.

“This jobs matching is not as simple as having a job fair because the nature of PMET unemployment is that you are dealing with people are who are probably a lot more qualified and don’t need a lot more educational upgrading.

“What you want is to match them to employers and match them to expectations as well. They may not be able to command immediately the wage that they want but that’s not a reason for them to stay unemployed or underemployed because then, they won’t be able to contribute to the workforce.”

Meanwhile, for businesses, observers said the days of cheap foreign labour are over.

President of the Association of Small and Medium Enterprises Chan Chong Beng said: “A lot of SME owners say, ‘look, you can cut off or you can reject my new applicants but please don’t cut off those that have been with us for three to five years because we have trained them’.

“A lot of SMEs don’t have the certificate of training but they have their own in-house way of doing things and if you give them new workers and reject the old ones, it will add costs to them.

“It’s going to force them to go into re-training of this and that will reduce their productivity.”

Mr Chan added: “I have a worker who had graduated from SMU, a foreigner and one of the conditions is that he has to stay in Singapore for three years.

“We took him in, put him in accounts and exactly three years on the dot, his application was rejected.

“So we have to train somebody all over again and we have a Malaysian now to replace him at a higher price (but) we are prepared to pay a higher price. It’s a disruption to the work.

And for productivity to improve, so too, the training for workers.

Mr Chan said the Association of Small and Medium Enterprises is in talks with the Workforce Development Authority to offer customised training for SMEs, including courses in Mandarin.

“The feedback is that the modules under the current national training schemes are not suitable,” Mr Chan said.

“You send them for training and when they come back you have to re-train them! I give you an example. In retail, they have a structured module, but SMEs, they are small – most of the workers multi-task.

“So what they train there may not be relevant to the current business. So some of the SME owners say, ‘look, we send them for training , they come back, I have to re-train them’.

Mr Chan cited another example in the hotel industry.

“Every hotel has a different way to train its staff on services so there is no structured way that they can follow,” he said.

President of the Singapore Chinese Chamber of Commerce and Industry Teo Siong Seng echoed this call.

He said: “The government can also consider funding these trade associations or maybe fund them or chambers together.

“So that these trade associations can have tailor-made training programmes for their members.

“I still think that the man on the ground knows better what is required and many of these associations can provide a good job together with government funding to provide training and upgrading for workers.”

Others whom Channel NewsAsia spoke with called on the government to continue with the Skills Programme for Upgrading and Resilience (SPUR) scheme.

The scheme provides course fee support for companies and individuals and absentee payrolls for companies that send their workers for training.

UniSIM’s Dr Tan said: “I think the most important thing for employees is not to become unemployable as a result of the structural changes that occur during a downturn.

“In the current situation, with certain sectors facing a slowdown, it’s also a good time for SMEs to look at hiring better people instead of trying to retrench because if you over do it, when the pickup comes, you just don’t have the momentum to carry on.”

Another item on the wish-list is help with relocation and rental costs.

Dr Tan said the government should not rule out the possibility of a CPF cut, if needed. CHANNEL NEWSASIA