In recent years, Singapore’s ongoing flat economic growth has forced some security companies to start exploring avenues to extend their business span overseas, while others are attempting to re-engineer their business models covering a wider scope of services. For the past four years, JK Consultancy Holdings Group has
In recent years, Singapore’s ongoing flat economic growth has forced some security companies to start exploring avenues to extend their business span overseas, while others are attempting to re-engineer their business models covering a wider scope of services. For the past four years, JK Consultancy Holdings Group has set-up overseas operational bases in Malaysia and Hong Kong with the potential of setting up a third overseas base in China by the end of 2014. According to Joshua Kwai, Group CEO of JK Consultancy Holdings, “To strategically re-innovate and re-engineer its nature of business, the company has established numerous partnerships with international entities to provide a full scale of services. These services include security consultancy, certified vocational security training courses, security technology design and implementation, security manpower development with 24 hour cameras, and anti-fraud consultancy.”
Singapore provides a stringent set of security guidelines for both government and commercial organizations and projects; although there are no statutory requirements for these entities to conduct security risk assessment and review of their existing security measures on at least an annual basis. “To better safeguard all entities of all size across all industries in Singapore against emerging security threats at a national level, it is opined that the Singapore government should make it mandatory for them to conduct annual security risk assessment and review their existing security protection plans,” Kwai said.
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