111-539: Jewel Changi Airport (also known as Jewel or Jewel Changi ) is a nature-themed entertainment and retail complex surrounded by and linked to one of the passenger terminals of Changi Airport , Singapore . Its centrepiece is the world's tallest indoor waterfall , the Rain Vortex, that is surrounded by a terraced forest setting. Jewel includes gardens, attractions, a hotel, about 300 retail and dining outlets, as well as early baggage check-in aviation facilities. It covers
222-698: A hong trading house in British Hong Kong . The bank was established in 1865 in Hong Kong and opened branches in Shanghai in the same year. It was first formally incorporated in 1866. In 1991, the present parent legal entity, HSBC Holdings plc , was established in London and the historic Hong Kong–based bank from whose initials the group took its name became that entity's fully-owned subsidiary. The next year (1992), HSBC took over Midland Bank and thus became one of
333-549: A behind-the-scenes look of how the airport is run. A hotel within Jewel, with approximately 130 rooms, operated by the international hotel brand, YOTEL , opened on 12 April 2019. It is YOTEL's second hotel in Singapore after the 2017 opening of the YOTEL on Orchard Road . An "integrated multi-modal transport lounge" provides ticketing, boarding pass collection and baggage transfer service in
444-468: A day – exceeding its initial target of 40–50 million visitors for the first year. Jewel was developed by Jewel Changi Airport Trustee Pte Ltd, a joint venture between Changi Airport Group (CAG) and CapitaLand , through its wholly owned shopping mall business, CapitaLand Mall Asia. The project cost S$ 1.7 billion, and did not involve any government funds or taxpayers' money, despite both entities being either wholly or partially owned by Temasek Holdings ,
555-452: A dozen times, and was the first airport in the world to hold the accolade for eight consecutive years. It has also been rated as one of the world's cleanest airports and highly rated international transit airports . [REDACTED] Media related to Singapore Changi Airport at Wikimedia Commons HSBC HSBC Holdings plc ( Chinese : 滙豐 ; initialism from its founding member The Hongkong and Shanghai Banking Corporation )
666-647: A large French bank, for £6.6 billion. In July 2001 HSBC bought Demirbank , an insolvent Turkish bank. In July 2002, Arthur Andersen announced that HSBC USA, Inc., through a new subsidiary, Wealth and Tax Advisory Services USA Inc. ( WTAS ), would purchase a portion of Andersen's tax practice. The new HSBC Private Client Services Group would serve the wealth and tax advisory needs of high-net-worth individuals. Then in August 2002 HSBC acquired Grupo Financiero Bital, SA de CV, Mexico's third largest retail bank for $ 1.1 billion. In November 2002, HSBC expanded further in
777-402: A month since it opened in 1981. Its daily traffic movement record was also broken on 20 December 2019, with 226,692 passengers passing through during that day. In addition to being an important passenger hub, the airport is also one of the busiest cargo airports in the world, handling 2.01 million tonnes of cargo in 2019. The total number of commercial aircraft movements decreased by 1.0% from
888-582: A new business unit as Wealth and Personal Banking. In October 2020, HSBC committed to achieve zero-emission by 2050, e.g., by this year it would not only become carbon neutral by itself but also will work only with carbon-neutral clients. It also committed to providing 750–1,000 billion dollars to help clients make the transition. It also pledged to achieve carbon neutrality in his own operations by 2030. In January 2021, HSBC announced that it would be closing 82 branches in Britain. In May 2021, HSBC announced
999-829: A new coal policy and provide further detail on its climate strategy by the end of 2021. The organisation's "Thermal Coal Phase-Out Policy" was published in December 2021. In August 2021, HSBC announced the acquisition of AXA Singapore. HSBC Insurance (Asia-Pacific) Holdings Ltd, an indirect wholly-owned subsidiary of HSBC would acquire 100% of the issued share capital of AXA Singapore for $ 575m. In December 2021, HSBC Asset Management (India) Private Ltd, an indirect wholly-owned subsidiary of HSBC announced it would acquire L&T Investment Management for $ 425 million from L&T Finance Holdings . In June 2022, HSBC announced its intention to sell its business in Russia. This requires approval from
1110-535: A new head office building in Hong Kong in 1935. Bank note issuance displaced other forms of the era and of the region, such as silver taels , due to political and economic instability. HSBC gained significant influence as a result. Michael Turner became chief manager in 1953 and set about diversifying the business. His tenure came to an end in 1962 having established The Hong Kong and Shanghai Banking Corporation of California 1955 and having acquired The British Bank of
1221-463: A preferred location for money laundering. The United States Department of Justice , however, decided not to pursue criminal penalties, a decision which the New York Times labelled a "dark day for the rule of law." HSBC chief executive Stuart Gulliver said: "We accept responsibility for our past mistakes. We have said we are profoundly sorry for them, and we do so again." In July 2013, Alan Keir
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#17328593300551332-509: A record $ 1.92 billion fine in this money laundering case. It was reported that bank officials consistently overlooked internal warnings about the inadequacy of HSBC's monitoring systems, according to the Justice Department. For example, in 2008, the CEO of HSBC Mexico was reportedly informed by Mexican law enforcement about a recording of a Mexican drug lord, who indicated that HSBC Mexico was
1443-412: A representative office. HSBC announced renaming of its Personal Financial Services (PFS) business group to Retail Banking and Wealth Management (also known as RBWM) on HSBC's 2011 Investor Day. On 11 May 2013, the new chief executive Stuart Gulliver announced that HSBC would refocus its business strategy and that a large-scale retrenchment of operations, particularly in respect of the retail sector,
1554-997: A seating capacity of 828 and Five Spice, a food court by Food Junction with 19 unique stalls and supermarket chain FairPrice Finest . As of 2022, the Five Spice food court has been revamped into a Food Republic food court, as Food Junction was previously acquired by Food Republic. Jewel also includes the return of American burger chain, A&W Restaurants after a 16-year-hiatus, another American burger chain, Shake Shack , which opens their first store here, Norwegian fast-casual restaurant Pink Fish, Swiss artisanal chocolatier Läderach , Sichuan restaurants Xiao Bin Lou and Yu's Kitchen, Boston -based ice cream parlour chain Emack & Bolio's , British casual eatery Burger & Lobster, Peruvian restaurant TONITO, Japan 's Tokyo Milk Cheese Factory and
1665-473: A significant part of the total cargo traffic handled at the airport. Changi airport has initiated attempts to expand into the perishable air cargo market. In 2015, Changi Airport handled 1,853,087 tonnes of air freight. Air Cargo World awarded the 2013 Air Cargo Excellence Award to Changi Airport for handling more than 1,000,000 tonnes of cargo in Asia. The airport handled 2,006,300 tonnes of cargo in 2016, making it
1776-706: A single location. Early check-in facilities enable passengers to check-in and drop off luggage up to 24 hours ahead of regular check-in times. There are dedicated facilities for fly-cruise and fly-ferry passengers. Jewel houses both local and international brands. Tenants include the largest Nike store in Southeast Asia, the first and only Apple Store located inside an airport complex and its second store in Singapore, Marks & Spencer , Muji , Zara , Urban Revivo, Uniqlo , Don Don Donki , Weston Corp, Massimo Dutti, Singapore's second basement cinema operated by Shaw Theatres with 11 screens including an IMAX theatre with
1887-660: A terrorist target by the Jemaah Islamiyah , the airport's security was tightened. Prohibited items do include sharp/blunt objects and liquids/gels/aerosols above 100ml, however people are aware of and no longer enforced by Certis CISCO officers. Devices more than 7 inch are still needed to be removed for security screening as they use the X-ray scanner and have not yet implemented the Thales HELIXVIEW scanning system where they do not need to take out devices more than 7 inch. As such,
1998-402: A third runway. The new terminal is expected to be completed by 2030. Terminal 5 is anticipated to be operational by the mid-2030s, to meet an anticipated doubling of volume by the 2040s. It is expected to handle 50 million passenger movements per annum. The airport terminal structure is projected to be larger than all the previous terminals combined. It will be built on reclaimed land to
2109-401: A total 470 branches before divestments. On 9 August 2011, Capital One Financial Corp. agreed to acquire HSBC's U.S. credit card business for $ 2.6 billion, netting HSBC Holdings an estimated after-tax profit of $ 2.4 billion. In September it was announced that HSBC sought to sell its general insurance business for around $ 1 billion. In 2012, HSBC was the subject of hearings of
2220-603: A total gross floor area of 135,700 m (1,461,000 sq ft), spanning 10 storeys – five above-ground and five basement levels. Its attractions include the Shiseido Forest Valley, an indoor garden spanning five storeys, and the Canopy Park at the topmost level, featuring gardens and leisure facilities. Jewel receives about 300,000 visitors per day. In October 2019, six months after its soft opening, it had welcomed 50 million visitors, exceeding its initial target for
2331-570: A £12.5 billion (US$ 17.7 billion; HK$ 138 billion) rights issue to enable it to buy other banks that were struggling to survive. However, uncertainty over the rights issue's implications for institutional investors caused volatility in the Hong Kong stock market: on 9 March 2009 HSBC's share price fell 24.14%, with 12 million shares sold in the last few seconds of trading. On 25 April 2011, HSBC decided to shut down its retail banking business in Russia and reduce its private banking presence to
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#17328593300552442-569: Is a 90% HSBC-owned joint venture. In November 2022, HSBC announced its intention to exit the Canadian market. Royal Bank of Canada would acquire 100% of the common shares of HSBC Canada for an all-cash purchase price of $ 13.5 billion, 9.4 times HSBC Canada's estimated 2024 earnings. Completion of the transaction is expected by late 2023, subject to regulatory approvals. HSBC has been under pressure to cut costs and divest non-Asian businesses. In February 2023, HSBC announced that its profits for
2553-473: Is a British universal bank and financial services group headquartered in London , England, with historical and business links to East Asia and a multinational footprint. It is the largest Europe-based bank by total assets , ahead of BNP Paribas , with US$ 2.919 trillion as of December 2023. In 2021, HSBC had $ 10.8 trillion in assets under custody (AUC) and $ 4.9 trillion in assets under administration (AUA). HSBC traces its origin to
2664-557: Is also a privately run luxury terminal called the JetQuay CIP Terminal . It is similar to the Lufthansa First Class Terminal at Frankfurt Airport , but is open to all passengers travelling in all classes on all airlines with an access fee. The short-lived Budget Terminal was opened on 26 March 2006 and closed on 25 September 2012 to make way for Terminal 4. Terminal 5 is currently under construction, along with
2775-464: Is combined with the experience of nature, culture, education and recreation, aiming to provide an uplifting experience. By drawing both visitors and local residents alike, we aim to create a place where the people of Singapore interact with the people of the world," said Safdie. The glass panels of the dome are framed in steel which rests on a complex latticework. At night, the glowing dome is visible from all surrounding areas. The Shiseido Forest Valley
2886-656: Is located 23 metres (75 ft) above the ground which offers a panoramic view of the Rain Vortex. At 50 metres (160 ft) long, the Canopy Bridge also has a glass panel flooring at the centre section that offers a view through to level 1 of Jewel. The park also consists of two mazes, situated at the eastern end of the Jewel called the Hedge Maze and Mirror Maze. The Hedge Maze is Singapore's largest with hedge walls standing at 1.8 metres (5 ft 11 in) high. The maze features gates that can be pushed within that will change
2997-736: The 18th busiest airport in the world. The airport is operated by Changi Airport Group, a wholly-owned subsidiary under the purview of the Ministry of Finance of the Government of Singapore . It is served by three runways, all 4 kilometres (2.5 mi) long, and consists of four terminal buildings. Three of the terminal buildings are connected to an entertainment and retail complex known as Jewel Changi Airport . Changi Airport serves more than 100 airlines flying to 400+ cities in around 100+ countries and territories worldwide. About 7,400 flights arrive or depart at Changi each week, or one every 80 seconds. For
3108-694: The Bank of Communications of Shanghai. In the United Kingdom HSBC acquired Marks & Spencer Retail Financial Services Holdings Ltd for £763 million in December 2004. Acquisitions in 2005 included Metris Inc, a US credit card issuer for $ 1.6 billion in August and 70.1% of Dar es Salaam Investment Bank of Iraq in October. In April 2006, HSBC bought the 90 branches in Argentina of Banca Nazionale del Lavoro for $ 155 million. In December 2007 HSBC acquired
3219-538: The Changi Airport Skytrain people-mover system to facilitate quicker and more convenient transfers between the terminals for travellers. The system was upgraded in 2007 with new technologies supplied by Mitsubishi, connecting to Terminal 3 and separating checked-in passengers from the general public on distinct tracks. Terminals 1, 2 and 3 are connected by the free Skytrain service, which operates from 05:00 to 02:30. During non-operational hours, travellers in
3330-705: The Hong Kong Stock Exchange and London Stock Exchange and is a constituent of the Hang Seng Index and the FTSE 100 Index . It has secondary listings on the New York Stock Exchange , and the Bermuda Stock Exchange . HSBC has been implicated in a number of controversies and the bank has been repeatedly fined for money laundering (sometimes in relation to major criminal organizations such as
3441-521: The Mass Rapid Transit (MRT) network via a two-stop branch of the East West line from Tanah Merah MRT station , consisting of two stations: Expo , serving the nearby Singapore Expo site; and Changi Airport . Changi Airport MRT station is located underground between Terminal 2 and Terminal 3. Direct, one-train service to the downtown and western parts of Singapore was initially in operation when
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3552-820: The Sinaloa cartel ) or setting up large scale tax avoidance schemes. After the British established Hong Kong as a crown colony in the aftermath of the First Opium War , merchants from other parts of the British Empire, now in Hong Kong, felt the need for a bank to finance the growing trade, through Hong Kong and sometimes also through Shanghai, between China and India , the rest of the British Empire and Europe, of goods, produces and merchandises of all kinds, but especially opium , cultivated in or transited (re-exported) through
3663-420: The U.S. Senate permanent subcommittee for investigations for severe deficiencies in its anti-money laundering practices (see Controversies ). On 16 July the committee presented its findings. Among other things, it concluded that HSBC had been transferring $ 7 billion in banknotes from its Mexican to its US subsidiary (much of it related to drug dealing ), was disregarding terrorist financing links and
3774-474: The 13th top cargo airport in the world and the sixth in the Asia Pacific region. In 2017, the airport handled 2,125,226 tonnes of cargo. The top five cargo markets for the airport were China, Australia, Hong Kong, United States and India. Changi Airport Group (Singapore) Pte Ltd (CAG) was formed on 16 June 2009 upon the corporatisation of Singapore Changi Airport by Civil Aviation Authority of Singapore as
3885-523: The 14,000 square metres (150,000 sq ft) Canopy Park houses recreation and leisure attractions. About half of the total landscaping is hosted at Canopy Park, including two gardens: Topiary Walk and Petal Garden. The Topiary Walk features animal-shaped topiaries at every corner, while the Petal Garden has seasonal floral displays. The park includes a suspension bridge called the Canopy Bridge that
3996-576: The 17 banks in the UK that were "facing questions over what they knew about the international scheme and why they did not turn away suspicious money transfers," as HSBC "processed $ 545.3m in Laundromat cash, mostly routed through its Hong Kong branch." Other banks facing scrutiny under the investigation included the Royal Bank of Scotland , NatWest , Lloyds , Barclays and Coutts . In response, HSBC stated that it
4107-431: The 2019 full-year figures published by the airport, the airport handled 68,300,000 passengers (a 4.0% increase over the previous year), the most in its 38-year history. This made it the seventh busiest airport by international passenger traffic in the world and the third busiest in Asia. In December 2019, Changi Airport registered a total of 6.41 million passenger movements, the highest the airport has ever achieved in
4218-464: The 30-million mark for the first time in 2004. In March 2008, prior to the full effect of the financial crisis of 2007–2010 on the global economy, the airport was predicted to handle 50 million passengers by 2012 due to the opening of casinos in Singapore and the phased liberalisation of the ASEAN aviation sector. As predicted, the airport surpassed the 50-million mark in 2012. On 18 December 2017,
4329-592: The CAG manages the customer aspects of the airport's security, while the Aviation Security Unit oversees the airport's compliance with aviation security (AVSEC) policies, and manages AVSEC-related projects. The airport's emergency and fire-fighting services are handled by the Airport Emergency Service Division. The Airport Emergency Services handle all instances of rescue and fire-fighting within
4440-635: The Chinese Bank in Taiwan. In May 2008, HSBC acquired IL&FS Investment, an Indian retail broking firm. On August 3, 2008, HSBC began its banking operations in Algeria with the opening of a branch in Algiers. In 2005, Bloomberg Markets magazine accused HSBC of money laundering for drug dealers and state sponsors of terrorism. Then-CEO Stephen Green said that "This was a singular and wholly irresponsible attack on
4551-800: The Middle East and the Mercantile Bank (based in India) in Aug 1959. Turner was succeeded in 1962 by Jake Saunders . In 1964 the Chief Managership was superseded as the top executive role in the bank by an Executive Chairmanship. During the Konfrontasi period in the 1960s, a group of Indonesian forces bombed the MacDonald House building in Singapore (at the time used by HSBC) just a few months after Singapore
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4662-528: The Raj . The founder, Thomas Sutherland of the Peninsular and Oriental Steam Navigation Company , wanted a bank operating on "sound Scottish banking principles". Still, the original location of the bank was considered crucial and the founders chose Wardley House in Hong Kong since the construction was based on some of the best feng shui in colonial Hong Kong . After raising a capital stock of HK$ 5 million,
4773-624: The Russian government, and the deal is expected to close in the first half of 2024. The projected loss is $ 300 million. A possible buyer is the Russian Expobank . In February 2024, the President of Russia allowed HSBC and Expobank to carry out this transaction. In July 2022, HSBC became the first foreign lender to open a Chinese Communist Party (CCP) committee in its Chinese investment banking subsidiary. The subsidiary, HSBC Qianhai Securities,
4884-541: The Singapore Air Traffic Control Centre. It involves the deployment of about 2,600 Certis Cisco personnel, including armed Auxiliary Police Officers and unarmed aviation security officers to perform tasks such as screening checked baggage, controlling access to restricted areas, and screening passengers before they board their aircraft. Since the September 11 attacks and the naming of the airport as
4995-631: The UK-based Midland Bank and the impending transfer of sovereignty of Hong Kong to China. HSBC Holdings' acquisition of Midland Bank was completed in 1992 and gave HSBC a substantial market presence in the United Kingdom. As part of the takeover conditions for the acquisition of the bank thereof, HSBC Holdings plc was required to relocate its world headquarters from Hong Kong to London in 1993. Major acquisitions in South America started with
5106-459: The United States. Under the chairmanship of John Bond, it spent £9 billion (US$ 15.5 billion) to acquire Household Finance Corporation (HFC) , a US credit card issuer and subprime lender. In a 2003 cover story, The Banker noted "when banking historians look back, they may conclude that [it] was the deal of the first decade of the 21st century". Under the new name of HSBC Finance ,
5217-486: The airport eased because of the 1973 oil crisis . Concerned that the existing airport was located in an area with potential for urban growth, which would physically hem it in on all sides, the government subsequently decided in 1975 to build a new airport at the eastern tip of the main island at Changi, at the existing site of Changi Air Base . However, as there was an increase in traffic, the airport still had to be expanded at that time. In addition, aircraft could fly over
5328-546: The airport is performed by auxiliary police forces including Aetos Security Management , Certis CISCO and SATS Security Services . Aetos and SATS Security Services are affiliated to the ground handling companies of Dnata and Singapore Changi Airport Terminal Services respectively. On 29 April 2008, CAAS signed its then-biggest single security contract for all airport-related security services by engaging Certis CISCO to provide security services at Singapore Changi Airport, as well as Seletar Airport , Changi Airfreight Centre, and
5439-565: The airport premises as well as in surrounding waters. It operates from two main fire stations (Station 1 by Runway 1 along West Perimeter Road and Station 2 by Runway 2), one sub-station (Domestic Fire Station), and one sea rescue base near the airport. The airport's security comes under the regulatory purview of the Airport Police Division of the Singapore Police Force (SPF). The day to day discharge of security functions at
5550-769: The airport surpassed the 60-million mark for the first time. The airport saw a record 65.6 million passenger movements in 2018 – beating 2017's record of 60 million passengers with a 5.5 per cent increase. In 2019, Firefly , the sole turboprop operator in Changi Airport, moved to Seletar Airport to make way for their jet operations. Due to the COVID-19 pandemic , passenger traffic fell in 2020 and 2021, resulting in Terminals 2 and 4 closing temporarily in May 2020. Terminals 1 and 3 remained open for passengers throughout, but were closed to
5661-427: The airport to East Coast Park . Bicycle rental services are available along with other facilities such as pay-per-use showers and bicycle lockers. Along the way is a 1 km (0.62 mi) long Changi Jurassic Mile where there is a permanent display of life-sized dinosaurs. As one of the world's busiest airports by international passenger and cargo traffic, it has been rated as the "World's Best Airport" by Skytrax
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#17328593300555772-532: The airport, followed by Bangkok , Jakarta , Hong Kong , Manila , Denpasar , Tokyo , Ho Chi Minh City , Taipei and Sydney . ‹The template Manual is being considered for merging .› Changi Airport was built with ground-transportation considerations in mind from the onset, with the East Coast Parkway beginning at the Benjamin Sheares Bridge built and opened in tandem with
5883-458: The airport, providing a direct link to the city centre. At a distance of about 20 km (12 mi), the expressway was built almost entirely on reclaimed land, thus minimising disruptions to the existing road network in Singapore's eastern coasts. Despite the four main passenger terminal buildings being relatively close to each other, the CAAS (Civil Aviation Authority of Singapore) decided to build
5994-421: The airport, with flights to destinations in Asia, Oceania, Africa, Europe, the Middle East, and North America. The airport is located within its namesake, the district of Changi , at the eastern end of Singapore , approximately 24 kilometres (15 miles) east from Singapore's Downtown Core on a 25-square-kilometre (9.7 sq mi) site. It is the home base of BOC Aviation and Jetstar Asia , as well as
6105-559: The arrival halls of each terminal. An airport surcharge applies to all trips originating from the airport. Additionally, limousine and other transportation options can be accessed through the Ground Transport Concierge. All pick-ups by private transportation occur at the arrival pick-up points of each terminal. Car rental counters are located in the arrival halls of each terminal. A new 3.5 km (2.2 mi) Changi Airport Connector, which opened on 11 October 2020, links
6216-701: The bank commenced operations on 3 March 1865. It opened a branch in Shanghai in April of that year and started issuing locally denominated banknotes in both the Crown Colony and Shanghai soon afterwards. The bank was incorporated in Hong Kong as The Hongkong and Shanghai Banking Corporation by the Hongkong and Shanghai Bank Ordinance (Numbers 2 and 5 of 1866), and a branch in Japan was also established in Yokohama in 1866. Shares of
6327-406: The bank reportedly telling Mossack Fonseca it was "comfortable" with Rami Makhlouf as a customer, even though US Treasury sanctions against him were in effect at the time. On 20 March 2017, the British newspaper The Guardian reported that hundreds of banks had helped launder KGB -related funds out of Russia , as uncovered by an investigation named Global Laundromat . HSBC was listed among
6438-583: The bank were one of 13 securities initially traded on the Shanghai Stock Exchange , and were traded on that exchange until the Japanese closed the exchange in 1941 . Sir Thomas Jackson became chief manager in 1876. During his twenty-six-year tenure, the bank became a leader in Asia. A period of expansion followed, with new buildings constructed in Bangkok (1921), Manila (1922) and Shanghai (1923), and
6549-562: The bank's international compliance procedures", but subsequent investigation indicated that it was accurate and proved that the bank was involved in money laundering for the Sinaloa Cartel and throughout Mexico . In July 2006, HSBC announced that it would acquire Westpac 's sub-custody operations in Australia and New Zealand for $ 112.5 million, making HSBC the leading sub-custody and clearing player in Australia and New Zealand. In 2007, HSBC wrote down its holdings of subprime-related mortgage securities by $ 10.5 billion, becoming
6660-511: The branch network of its HSBC Finance arm in the United States, leading to nearly 6,000 job losses and leaving only the credit card business to continue operating. Chairman Stephen Green stated, "HSBC has a reputation for telling it as it is. With the benefit of hindsight, this is an acquisition we wish we had not undertaken." According to analyst Colin Morton, "the takeover was an absolute disaster". In March 2009, it announced that it had made US$ 9.3 billion of profit in 2008 and announced
6771-469: The bus stop is located next to Car Park 4B. Coaches to and from Johor Bahru are also available. Operated by Transtar Travel, the TS1 service will start at coach stands of Terminals 1, 2, and 3, and end at Larkin Terminal. There is also a free shuttle bus service plying between Changi Airport (T3) and Changi Business Park. This service is a nine-stop route, running from Mondays to Fridays, except public holidays. In addition to buses for passengers serving
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#17328593300556882-446: The business conduct of HSBC under the title Swiss Leaks based on the 2007 hacked HSBC account records from whistle-blower Hervé Falciani . The ICIJ alleges that the bank profited from doing business with corrupt politicians, dictators, tax evaders, dealers of blood diamonds, arms dealers and other clients. US Senate investigators in 2012 had sought the hacked HSBC account records from Falciani and French authorities, but never received
6993-470: The country's flag carrier of Singapore Airlines , its cargo division Singapore Airlines Cargo and its low-cost subsidiary Scoot . SATS is also headquartered at the airport. With Singapore's strategic location being a favourable destination for high demand layovers , the airport also serves as a focus city for Qantas , as well as the flagship cargo hub for FedEx Express in Asia. In 2019, Changi Airport served 68.3 million passengers, making it
7104-446: The current EWL Branch line being converted to be part of the TEL. There are seven bus services operated by SBS Transit , SMRT Buses , Tower Transit Singapore and Go-Ahead Singapore , making a loop starting from Terminal 3 to Terminal 1, and Terminal 2. Only four bus services will continue to Terminal 4 – Services 24, 34, 36 and 110. Bus stops are located at the basement bus bays of Terminals 1, 2 and 3. For Terminal 4,
7215-472: The data. HSBC announced in August 2015 that it would be selling its Brazilian unit to Banco Bradesco for $ 5.2 billion following years of disappointing performance. In 2015, HSBC was recognised as the most trusted foreign bank in India by The Brand Trust Report 2015. In 2016, the bank was mentioned numerous times in connection with the Panama Papers investigation. Many Syrians were angered when their accounts were judged high-risk and closed, despite
7326-599: The division was the second largest subprime lender in the United States. The new headquarters of HSBC Holdings at 8 Canada Square , London officially opened in April 2003. In July 2003, HSBC announced that it had agreed to acquire 82.19% of the Korean fund administrator, Asset Management Technology (AM TeK), for $ 12.47 million in cash; it was the largest fund administrator in South Korea, with $ 24 billion of assets under administration. In September 2003 HSBC bought Polski Kredyt Bank SA of Poland for $ 7.8 million. In June 2004 HSBC expanded into China buying 19.9% of
7437-402: The east of the present terminals. It will be partially funded through an increased levy. KPF Singapore with Heatherwick Studio , Architects 61, and DP Architects will provide architectural services. Arup Singapore , Mott MacDonald Singapore and Surbana Jurong Consultants will provide engineering services. The former Transport Minister Khaw Boon Wan said that the Changi Terminal 5 project
7548-418: The existing airport at Paya Lebar or build a new airport at another location. After extensive studies, a decision was made in 1972 to keep the airport at Paya Lebar, as recommended by aviation consultants. Plans were made for the building of a second runway and an extensive redevelopment and expansion to the passenger terminal building. A year later, however, the plans were reviewed again as the pressure to expand
7659-413: The exit of US retail banking business by selling 10 California branches to Cathay Bank and 80 branches to Citizens Financial Group and closing the remaining branches. The bank said it intends to focus on the banking and wealth management needs of globally connected affluent and high net worth clients. In May 2021, HSBC committed to end the financing of the coal industry , with a commitment to publish
7770-456: The first major bank to report its losses due to the unfolding subprime mortgage crisis . According to Bloomberg , "HSBC is one of world's strongest banks by some measures". When HM Treasury required all UK banks to increase their capital in October 2007, the group transferred £750 million to London within hours, and announced that it had just lent £4 billion to other UK banks. In March 2009, HSBC announced that it would shut down
7881-508: The first permanent Pokémon Center in East Asia outside of Japan. Most shops at the Basement 1 level, which included Pink Fish and Hoshino Coffee, closed down. Since April 2022, Rubi Shoes was temporarily closed but there are plans to reopen in case-to-case basis and Typo and PrettyFIT is permanently closed. Jewel Changi Airport was accorded the 2016 International Architecture Award by The Chicago Athenaeum, an international museum of architecture and design. In November 2019, Jewel Changi Airport
7992-451: The future. Phase 1 included the construction for the first passenger terminal, the first runway reusing and upgrading the main runway of Changi Air Base, 45 aircraft parking bays, support facilities and structures, including a large maintenance hangar, a fire station, workshops and administrative offices, an airfreight complex, two cargo agents buildings, in-flight catering kitchens and an 80 m (260 ft) control tower . Construction for
8103-476: The general public on 12 May 2021 along with Jewel, reopening on 1 September 2021. On 1 November 2023, Terminal 2 fully reopened after three and a half years of upgrading. The refurbished terminal features nature-themed decorations and a 14m-tall digital waterfall display called the Wonderfall. The Changi Airport Group (CAG) manages the overall safety and security of the airport. The Airport Management Division of
8214-467: The landscaping of Marina Bay Sands. Benoy were the interior designers; BuroHappold Engineering were responsible for the façade and Lighting Planners Associates handled the lighting. The Rain Vortex was engineered by water design firm WET Design . It has a 360-degree light and sound show projected onto it. Jewel was envisioned to combine a marketplace and an urban park. "The component of the traditional mall
8325-468: The largest domestic banks in the United Kingdom. HSBC has offices, branches and subsidiaries in 62 countries and territories across Africa, Asia, Oceania, Europe, North America, and South America, serving around 39 million customers. As of 2023, it was ranked no. 20 in the world in the Forbes rankings of large companies ranked by sales, profits, assets, and market value. HSBC has a dual primary listing on
8436-536: The last quarter of 2022 had almost doubled compared to those at the same time the previous year. However, its pre-tax profit actually fell because it absorbed the cost of selling its French retail banking operations. The bank also announced that they were closing 114 branches in the United Kingdom. The move came as more people were using online banking since the pandemic, reducing the need for physical branches. The move has been criticized by Unite . As interest rates increased globally in May 2023, HSBC Holdings reported
8547-508: The licensee and operator of the airport. As the airport only handles international passenger traffic, all terminals in operation are equipped with immigration-processing facilities for international travel. After recovering from a drop in passenger traffic as a result of the September 11 attacks in 2001 and the Severe Acute Respiratory Syndrome (SARS) epidemic in 2003, the airport saw rapid growth in traffic, which hit
8658-513: The local and international needs of domestic and overseas clients", HSBC agreed to sell 195 branches in New York and Connecticut to First Niagara Financial Group Inc , and divestures to KeyCorp , Community Bank, N.A. and Five Star Bank for around $ 1 billion, and announced the closure of 13 branches in Connecticut and New Jersey . The rest of HSBC's U.S. network will only be about half from
8769-512: The mid-2020s and "create more opportunities for Singapore and Singaporeans". Built over the former open-air car park in front of Changi Airport Terminal 1, Jewel expanded Terminal 1's arrival hall and baggage reclaim areas by 70%, and its handling capacity is also expected to increase from 21 to 24 million passengers a year. Jewel was officially opened on 18 October 2019 by Lee Hsien Loong, six months after its soft opening. During this time, it had received 50 million visitors – about 300,000 visitors
8880-449: The next chairman. However, while many current and former senior employees supported the tradition of promoting the chief executive to chairman, many shareholders instead pushed for an external candidate. HSBC's board of directors had reportedly been split over the succession planning and investors were alarmed that the row would damage the company. On 23 September 2010, Geoghegan announced he would step down as chief executive of HSBC. He
8991-473: The next few decades, with Terminal 2 opening for passenger traffic in 1990, Terminal 3 in 2008, and Terminal 4 in 2017. Terminal 5, which would be larger than all the previous terminals combined, is expected to open in 2030. Changi Airport has four main passenger terminals arranged in an elongated inverted "U" shape with Jewel in the centre of the "U" shape. Currently, the airport has a designed total annual handling capacity of 85 million passengers. There
9102-432: The path of the maze. It ends at an elevated watchtower that offers a bird's-eye view of the entire maze. The Mirror Maze is located under the dome with plants branching across the top of the maze. The maze makes use of mirrors and various reflections. The Changi Experience Studio is a 3,000 square metres (32,000 sq ft) space with interactive games and displays relating to Changi Airport's history and allows visitors
9213-428: The previous year to 382,000 in 2019. The airport has won over 680 awards since its opening, including 28 "Best Airport" awards in 2019 alone. Changi Airport's efforts to mitigate the effects of ageing infrastructure include continual physical upgrades to its existing terminals and building new facilities to maintain its high standards in airport service quality. Prior to Changi, Singapore's main international airport
9324-548: The purchase of the Banco Bamerindus of Brazil for $ 1 billion in March 1997 and the acquisition of Roberts SA de Inversiones of Argentina for $ 600 million in May 1997. In May 1999, HSBC expanded its presence in the United States with the purchase of Republic National Bank of New York for $ 10.3 billion. Expansion into Continental Europe took place in April 2000 with the acquisition of Crédit Commercial de France ,
9435-436: The rising traffic became critical by the 1970s; annual passenger numbers rose dramatically from 300,000 in 1955 to 1.7 million in 1970 and to 4 million in 1975. As a result, there was a need to accommodate the growing demand for air travel, the desire to establish Singapore as a global aviation hub, and the need to modernise the country's air transport infrastructure. The Singaporean government had two options – expand
9546-413: The screening is at the transition point from public to sterile area as under Infrastructure Protection Act 2017 . Duty free shops that sells liquor is exempted from regulations. Sources: In 2018, Indonesia was the largest market for the airport, followed by Malaysia, China, Thailand, Australia, India, Hong Kong, Japan, Philippines and Vietnam. Kuala Lumpur was the top destination for travellers in
9657-623: The sea, avoiding noise pollution issues within residential areas and avoid disastrous consequences on the ground in the event of an air mishap. Formerly known as the Singapore International Airport , the airport in Paya Lebar was subsequently converted for military use and renamed as Paya Lebar Air Base . The original master plan for Changi Airport involved constructing a dual-terminal and dual-runway configuration over two phases with provisions for another two passenger terminals in
9768-699: The second phase would commence immediately after the completion of Phase 1 and include the second runway, 23 new aircraft parking bays in addition to the existing 45 bays, a second fire station and a third cargo agent building. Changi Airport commenced commercial operations on 1 July 1981. Its first flight, Singapore Airlines SQ101, touched down that day at 07:10:00 Singapore Time with 140 passengers from Kuala Lumpur. It officially opened five months later on 29 December 1981. The airport ended its first year of operations with 12.1 million passengers, close to 200,000 tonnes of air freight handled and 63,100 aircraft movements. Subsequent phases opened progressively within
9879-402: The sound of the cascade. The toroid -shaped roof has more than 9,000 pieces of glass spanning 200 by 150 meters (660 by 490 ft) with a sloped oculus as the mouth of the waterfall acting as "a continuation of the building...completed in a liquid form." At night, the circular walls of the waterfall becomes a 360-degree stage for a light-and-sound show. To prevent excess humidity in the Jewel,
9990-564: The state-owned investment company. Jewel's toroidal glass-and-steel façade was designed by a consortium of architects, led by Moshe Safdie , who also designed Singapore's Marina Bay Sands . Renowned local firm RSP Architects Planners & Engineers were the executive architect and structural engineers. The landscape architect was PWP Landscape Architecture , who co-designed the National 9/11 Memorial in New York City, and worked with Safdie on
10101-449: The station opened on 8 February 2002. This was replaced by the current shuttle service between Tanah Merah and Changi Airport via Expo on 22 July 2003, when it was found that passenger demand for this route was low. As announced in the LTA's Land Transport Masterplan, the new Thomson–East Coast line will be extended to Changi Airport Terminal 5 and to the current Changi Airport station, with
10212-644: The structure holds the World Record for the tallest indoor waterfall in the world. The Air Cargo Division of the Changi Airport Group (CAG) manages the Changi Airfreight Centre located in the north of the airport premises. The airport handled 1.81 million tonnes of air cargo in 2012, making it the 7th busiest airfreight hub in the world and the fifth busiest in Asia. Due to Singapore's large electronics sector, electrical components constitute
10323-511: The terminals, SBS Transit also provides bus services for staff at the Changi Airfreight Centre. Due to the large distance covered by the complex itself (over 2 km (1.2 mi) end-to-end), bus stops are located inside the restricted-access area, and auxiliary police routinely board at the final stop before the complex (at the Police Pass Office) to check passengers for their right to enter. Taxis are available at designated stands in
10434-404: The transit areas may transfer within the terminals by foot via the inter-terminal travelators. For travellers in the public areas, a free shuttle bus service will connect the three terminals. A complimentary 24-hour airport shuttle bus service runs between Terminal 3 and Terminal 4 in both the public and transit areas. The journey takes approximately 8 to 10 minutes. The airport is connected to
10545-414: The waterfall's flow alternates between cascades and trickles that reduce air turbulence. The design process by WET Design engineers included testing a one-fifth-scale model and a full-size partial prototype. The Changi Airport Skytrain connecting the terminals passes above ground near the waterfall, allowing passengers remaining airside to see the Vortex and Jewel itself. At the topmost level of Jewel,
10656-556: The whole year. The complex and airport is located in Changi , at the eastern end of Singapore, approximately 20 km (12 mi) northeast from Singapore's Downtown Core . Jewel was conceived to maintain Changi Airport's status as a major aviation hub in the Asia-Pacific. It was first mentioned by Prime Minister Lee Hsien Loong in his National Day Rally speech in 2013 as part of Changi Airport's long-term plans to double its capacity by
10767-489: The world. The Rain Vortex, previously sponsored as the HSBC Rain Vortex, is the world's largest and tallest indoor waterfall, standing at 40 metres (130 ft) high. Recirculating rain water is pumped to the roof to free fall through a round hole at up to 37,850 liters (8,330 imp gal; 10,000 U.S. gal) per minute to a basement-level pool. An acrylic funnel at the bottom prevents splashing and insulates
10878-478: The year. The consumer banking division of HSBC will focus on the UK, Hong Kong , high-growth markets such as Mexico, Singapore, Turkey, and Brazil, and smaller countries where it has a leading market share. According to Reuters, Chief Executive Stuart Gulliver told the media, "There will be further job cuts. There will be something like 25,000 roles eliminated between now and the end of 2013." In August 2011 "to align our U.S. business with our global network and meet
10989-614: Was actively circumventing US safeguards designed to prevent transactions involving terrorists, drug lords and rogue regimes, including hiding $ 19.4 billion in transactions with Iran. This investigation followed on from a probe by the US Federal Reserve and Office of the Comptroller of the Currency found that there was "significant potential for unreported money laundering or terrorist financing". On 11 December 2012, HSBC agreed to pay
11100-488: Was against financial crime, and that the case "highlights the need for greater information sharing between the public and private sectors." On 1 October 2017, Mark Tucker succeeded Douglas Flint as group chairman of HSBC, the first non-executive and outside chairman appointed by the group. Also in October 2017, HSBC announced that John Flint, chief executive of Retail Banking and Wealth Management, would succeed Stuart Gulliver as Group Chief Executive on 21 February 2018. It
11211-502: Was appointed chief executive of HSBC Bank plc after Brian Robertson's resignation. Keir's duties include overseeing the firm's UK, European, Middle Eastern, and African divisions. In June 2014, an indirect wholly-owned subsidiary HSBC Life (UK) Limited agreed to sell its £4.2 billion UK pensions business to Swiss Re . In February 2015 the International Consortium of Investigative Journalists released information about
11322-527: Was awarded the Special Jury Award at the year's Mapic Awards. The song "The Right Time" by Singaporean singer JJ Lin was inspired by Jewel, which was featured in its music video. Changi Airport Singapore Changi Airport ( / ˈ tʃ ɑː ŋ i / CHAHNG -ee ; IATA : SIN , ICAO : WSSS ) is a major international airport that serves Singapore , and is one of the largest transportation hubs in Asia. More than 100 airlines operate from
11433-578: Was conceived and designed by PWP Landscape Architecture , and features the SENSE art installation, a collaboration between Shiseido and art collective teamLab . The Shiseido Forest Valley ( 資生堂フォレストバレー , Shiseidō Foresutobarē ) is one of Asia's largest indoor gardens, spanning five stories and approximately 22,000 square metres (240,000 sq ft) located in the heart of Jewel Changi Airport. It houses around 3,000 trees and 60,000 shrubs of 120 species that live in high-altitude tropical forests from around
11544-515: Was delayed by at least 2 years as a result of the COVID-19 pandemic . Jewel Changi Airport , which opened on 17 April 2019, is a nature-themed entertainment and retail complex interconnecting Terminals 1, 2 and 3. Announced in 2013, it is a new terminal-like structure that is intended to simultaneously be a mixed-use complex. It is situated on a 3.5-hectare site where the Terminal 1 car park used to reside, which has since been moved underground. Jewel
11655-479: Was developed by Jewel Changi Airport Trustee Pte Ltd, a joint venture between Changi Airport Group and CapitaLand , through its wholly owned shopping mall business, CapitaLand Mall Asia. The project cost S$ 1.7 billion. Part of this project was planned to help expand Terminal 1 to handle 24 million passengers per year by 2018 with stand-alone check-in facilities and lounges, making it an unofficial terminal on its own. The Indoor Waterfall (named "Rain Vortex") in
11766-526: Was further announced on 5 August 2019 that Flint was leaving and his role would be filled on a temporary basis by Noel Quinn, head of HSBC's global commercial bank. Noel Quinn was subsequently appointed to the role on a permanent basis in March 2020. In February 2020, HSBC announced it would cut 35,000 jobs worldwide after it was announced corporate profits decreased by 33% in 2019. In 2020, HSBC announced merging two of its business lines: Retail Banking and Wealth Management & Global Private Banking to form
11877-405: Was granted its independence from Malaysia. Three people were killed, 33 injured, and the two Indonesian military officers responsible for the bombing were tried and executed. The present building in Hong Kong was designed by Sir Norman Foster and was held as one of the most expensive and technologically advanced buildings in the world in 1986, costing HK$ 5.3 billion. On 6 October 1989, it
11988-403: Was located at Paya Lebar . It had opened in 1955 with a single runway and a small passenger terminal , having itself replaced the previous Kallang Airport that began operations in 1937. The decision to move the airport from Paya Lebar to Changi was based on a number of factors. With the growth in global aviation transport, the airport was facing congestion problems. Its inability to cope with
12099-478: Was planned. HSBC would no longer seek to be 'the world's local bank', as costs associated with this were spiraling and US$ 3.5 billion needed to be saved by 2013, with the aim of bringing overheads down from 55% of revenues to 48%. In 2010, then-chairman Stephen Green planned to depart HSBC to accept a government appointment in the Trade Ministry. Group Chief Executive Michael Geoghegan was expected to become
12210-575: Was registered as a regulated bank with the Banking Commissioner of the Government of Hong Kong . HSBC Holdings plc, originally incorporated in England and Wales, was a non-trading, dormant shelf company when it completed its transformation on 25 March 1991 into the parent holding company to the Hongkong and Shanghai Banking Corporation Limited now as a subsidiary, in preparation for its purchase of
12321-424: Was succeeded as chief executive by Stuart Gulliver , while Green was succeeded as chairman by Douglas Flint ; Flint was serving as HSBC's finance director (chief financial officer). August 2011: Further to CEO Stuart Gulliver's plan to cut $ 3.5 billion in costs over the next two years, HSBC announced that it will cut 25,000 jobs and exit from 20 countries by 2013 in addition to 5,000 job cuts announced earlier in
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