Budget 2018 Quick Poll

Singapore's 2018 Budget Statement was delivered by Minister for Finance, Mr Heng Swee Keat, on 19 Feb 2018. What do you think of it? Share with us your views through a quick poll.

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Digitalisation Issues Committee

SBF Council Member and Chairman of the Digitalisation Issues Committee Ms Janet Ang (seated left) signing a Memorandum of Intent with CEO of IMDA Mr Tan Kiat How. The signing was witnessed by (back from left) SBF Chairman Mr SS Teo, Minister for Finance & Chairman of the Future Economy Council Mr Heng Swee Keat and IMDA Chairman Mr Chan Yeng Kit.

Led by Ms Janet Ang, SBF Council Member and Vice President, Industry Solutions, IBM Asia Pacific, the Digitalisation Issues Committee will drive digital adoption and transformation across the Singapore business community. 

Joining Ms Ang on the Committee are the following eight prominent members of the business community.

1. Mr R Dhinakaran, President of the Singapore Retailers Association, and Managing Director, Jay Gee Melwani Group;

2. Mr Douglas Foo, President of the Singapore Manufacturing Federation, and Founder and Chairman, Sakae Holdings Limited;

3. Ms Judy Hsu, Vice Chairman, The Association of Banks in Singapore (ABS); and CEO, Standard Chartered Bank Singapore

4. Mr Roland Ng, President of the Singapore Chinese Chamber of Commerce and Industry, and Managing Director and Group Chief Executive Officer, Tat Hong Holdings Limited;

5. Mr Saw Ken Wye, Chairman of the Singapore Infocomm Technology Federation (SITF), and CEO of CrimsonLogic Pte Ltd

6. Mr Shamir Rahim, President of the Singapore Malay Chamber of Commerce and Industry, and Founder and CEO, VersaFleet;

7. Dr. R. Theyvendran, Chairman of Singapore Indian Chamber of Commerce and Industry, and Managing Director, Stamford Press Group of Companies

8. Mr Kurt Wee, President of the Association of Small and Medium Enterprises, and Director of Conrad and Ottess Private Asset Management Limited;

On 1 November at the Future Economy Conference and Exhibition organised by SBF, the Federation signed a Memorandum of Intent with IMDA, pledging to engage trade associations, business chambers and businesses to help enable digital adoption and transformation. The partnership will facilitate, identify and recommend programmes and initiatives to assist the SBF-led Digitalisation Issues Committee.

“Partnering IMDA is a big boost to the SBF-led Digitalisation Issues Committee. It takes SBF a step closer to its re-positioned role to sense, prioritise, analyse and help resolve burning issues facing significant segments of businesses. IMDA’s goal of enabling businesses through the adoption of digital technologies compliments the Committee’s work and IMDA’s wealth of talent, expertise and thought leadership will be invaluable to the Committee.” 
                                                                                        Ms Janet Ang, Chairman, Digitalisation Issues Committee 

Trade Association and Chamber (TAC) Alliance

TAC Alliance representatives with government leaders

On 5 September 2017 at the official opening of the SBF and SBF Foundation offices, SBF announced the formation of the Trade Association and Chamber (TAC) Alliance, comprising 31 Singapore TACs and business groups as founding members and signatories of a TAC Compact. An SBF-led initiative, the TAC Compact aims to unify Singapore-based TACs into an alliance, working together as strategic partners and collaborators to further the interests of members and facilitate the growth of the business community.

"I commend SBF on its initiative to strengthen collaboration among the Trade Associations and Chambers (TACs) so as to better support our industries and enterprises. TACs are important partners and multipliers in our industry transformation effort. By working together, TACs can pool their capabilities and develop innovative solutions to help our companies thrive in a fast-changing world."

                                                                                       Mr S Iswaran, Minister for Trade and Industry (Industry)

TAC Compact

SBF ASEAN Business Outlook Survey 2017

SBF invites you to participate in this special survey in conjunction with Singapore’s assuming the chairmanship of ASEAN. Make your voice heard on your company’s needs and concerns. SBF will use the survey insights to better help companies expand into ASEAN. Kindly click the link to participate, if you have not already received an email to participate.  To participate, click here.

Picture & Video Gallery

Seminar on 2017 Business Outlook – Challenges and Implications

The year kicked off with this seminar on 17 Jan to help SBF’s member companies better understand global developments and their impact. Some 180 participants attended, which also featured a panel discussion featuring speakers from SBF and the private sector on the challenges and opportunities for Singapore businesses.

Seminar on Committee on the Future Economy’s Recommendations

SBF held a seminar on the Committee on the Future Economy’s (CFE) recommendations on 13 February 2017. The event included a panel discussion led by Mr S Iswaran, Minister for Trade and Industry (Industry) and Co-chairman of the CFE and four representatives of the business community, including Mr S S Teo, Chairman, SBF and member of the CFE Main Committee and Co-chair of the Sub-committee on Future Corporate Capabilities and Innovation. Some 330 members of the business community attended to learn more about the key points and share their views and feedback.

Dialogue with Minister Lim Swee Say on Ministry of Manpower’s 2017 Initiatives

SBF and the Singapore National Employers Federation co-organised a dialogue with Minister for Manpower Mr Lim Swee Say on 15 March 2017 to discuss the Ministry of Manpower’s 2017 initiatives. The event drew 1,000 participants to understand how the Ministry can assist both businesses and workers.

15th Annual General Meeting

SBF’s 15th Annual General Meeting (AGM) was held for the first time at its new office in SBF Center on 28 June 2017. Attended by close to 200 member company representatives, notable highlights from 2016 included the release of the SBF Position Paper for a Vibrant Singapore, which provided useful inputs to the Committee on the Future Economy; the Singapore Regional Business Forum, themed “21st Century Maritime Silk Road”; and the launch of the “Belt and Road” portal as a joint initiative with Lianhe Zaobao, which garnered six million views within the first nine months.

Official Opening of SBF and SBF Foundation Offices

SBF and SBF Foundation held the official opening of its new offices at SBF Center on 5th September, a milestone event marking a double celebration – its relocation to new premises as well as its 15th anniversary. At the momentous occasion, graced by Prime Minister Lee Hsien Loong, SBF unveiled its repositioned role and focus as a growth platform to be a better enabler of the business community. 

View the official opening video on SBF’s YouTube channel.

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