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SBF welcomes the new Cabinet line-up

The Singapore Business Federation (SBF) welcomes the appointment of Mr Chan Chun Sing and Ms Josephine Teo as Minister for Trade and Industry and Manpower respectively, and Mr Ng Chee Meng as NTUC Deputy Secretary-General.

SBF has developed a close working relationship with the 4G Ministers since the post-GE 2015 cabinet reshuffle. SBF engaged various Ministries on initiatives such as the Committee for Future Economy recommendations to help businesses transform, the annual Budget recommendations, NWC, internationalisation and manpower matters. The interactions have been fruitful, enabling SBF to serve its role as a bridge between the business community and Government.

SBF hopes to work closely with Mr Chan Chun Sing as the incoming Trade and Industry Minister. As Minister in the Prime Minister’s Office, Mr Chan Chun Sing has played an active role in the Chongqing Connectivity Initiative as well as business missions to China. He has been active in engaging the Singapore business community through dialogue sessions and forums organised by SBF to understand their needs and challenges. We are certain that this relationship will strengthen in the future. It is helpful that Minister Iswaran will continue in MTI as the Minister-in-charge of Trade Relations. Minister Iswaran will provide continuity to strengthen our trade relationship with our major trading partners especially in these times when trade is being held hostage to protectionist policies.

SBF wishes the new Ministers well and looks forward to working closely with them for a vibrant and prosperous Singapore.

Vote of thanks to Minister Lim Hng Kiang and Minister Lim Swee Say

SBF would like to thank out-going Minister Lim Hng Kiang and Minister Lim Swee Say for their support over the years.

As Minister for Trade and Industry (Trade), Mr Lim Hng Kiang was a champion of free trade and closer economic relations with Singapore’s trading partners. He was a staunch supporter of ASEAN integration and the ASEAN Economic Community. He was at the forefront leading Singapore’s important trade deals such as the recently concluded Comprehensive and Progressive Agreement for Trans-Pacific Partnership. He always made it a point to encourage businesses to leverage Singapore’s FTAs.

Mr Lim was also a gracious host to numerous visiting official and business delegations at business forums organised by SBF. A firm believer in internationalisation, he urged local businesses to tap into emerging opportunities and to venture overseas.

As NTUC Secretary-General, and over the past two years as Minister for Manpower, Mr Lim Swee Say was a strong tripartite partner and champion for enhancing workforce capabilities. Under his leadership, our tripartite relationship strengthened and manpower policies were developed to support the sustainability of our businesses and the welfare of workers.

One of his first initiatives as Minister for Manpower was to request SBF to arrange a meeting with business leaders to understand their needs and challenges. His interpersonal skills and ability to explain the rationale behind manpower policies will be missed.

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