Singapore 28 January 2009 - The Singapore Business Federation (SBF), Singapore's apex business chamber, and the Singapore Chamber of Commerce and Industry in China (SingCham) today inked a Memorandum of Understanding (MOU) to facilitate business exchanges, information sharing and form a strategic partnership to promote cooperation through joint initiatives for the benefit of members of both chambers.
Mr. Teng Theng Dar, CEO of SBF, and Ms. Dorothy Seet Poh Kim, Chairman of SingCham signed the MOU at SBF, witnessed by BG Chin Siat Yoon, Singapor's Ambassador to China. SBF and SingCham see mutual benefits of collaboration in many areas, including the regular exchange of available information and publications on new economic policies and regulations, business opportunities, market intelligence and other investment and economic related activities in China and Singapore.
SBF and SingCham agreed to assist in organizing bilateral economic events such as trade missions, business visits, seminars, forums, briefing sessions or talks. There will also be regular exchange of information on business and investment proposals by members of both chambers.
Prior to the MOU signing, Mr Teng shared with his counterparts during the meeting about SBF's role as an apex business chamber; and how it would help its members in the current economic crisis and some of its key initiatives, including the inauguration of a China Business Group for all corporations, companies and individuals interested in developing their business in China or Singapore.
Mr Teng welcomed SingCham and other trade and business associations to be SBF's local and foreign strategic partners. He expressed confidence that SBF members will benefit from SingCham's nearly 1,000 members' rich local knowledge of China.
One of the immediate benefits is that SingCham and SBF members will enjoy member rates for all events organized by either chamber.
About Singapore Chamber of Commerce & Industry in China (SingCham)
The Singapore Chamber of Commerce and Industry in China (SingCham China) is a non-government, non-profit organisation representing Singapor's business interests in China. SingCham China is officially registered with the Chinese Ministry of Civil Affairs in 2001 and it currently has representations in Beijing, Fujian, Guangdong, Jiangsu and Jiangxi.
SingCham China aims to promote bilateral economic and commercial ties by educating, connecting and informing the members. To do these, it runs events comprising talks and seminars on economic and business issues, business visits, golf tournaments, and business networking sessions. These events aim to help its members understand better the local business environment as well as appreciate policy shifts and economic trends, while at the same time provide opportunities to link up and network with potential business partners.
To further strengthen ties between the various Singapore communities in China, SingCham formed partnerships with the local alumni of Nanyang Technological University and National University of Singapore through joint events and programmes such as SingCham Beijing's Board Room Series. It also started collaboration with local Singaporean associations and clubs such as Shanghai Singapore Business Association-Singapore Club Shanghai to introduce local-based business events.
SingCham China now has approximately 1,000 members mainly in six Provinces/Municipalities i.e. Beijing, Fujian, Guangdong, Jiangsu, Jiangxi and Shanghai. SingCham will extend its reach to other Provinces/Municipalities such as Chongqing, Sichuan and Tianjin.
About SBF's China Business Group (CBG)
CBG is for all corporations, companies and individuals interested in developing their business in China or Singapore. It is a high level business to business and business for business networking platform to better service members in Singapore and China through value-added information exchanges and a comprehensive suite of services to both members in Singapore and China.
CBG organises business matching, project facilitation, business missions, seminars, forums, workshops, business leaders roundtable and other business events for members.
For more details on SBF's CBG, please contact Ms Liu Xiao at market.chinaindia@sbf.org.sg.
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