BIZSpoke | Singapore Thailand Landmark Carbon Credit Deal Spurs Business Opportunities

22 AUGUST 2025

Singapore–Thailand Economic Ties Deepen with Bilateral Trade at SRBF

At the 9^th Singapore Regional Business Forum (SRBF) in Bangkok, organised by SBF, Singapore’s first carbon credit agreement with an ASEAN country was signed, enabling Singapore firms, including SMEs, to purchase credits from Thailand. The deal supports emissions compliance while creating new business opportunities in sustainable finance, reinforcing Singapore’s ambition to be a regional hub for carbon markets.

Separately, SBF and Thailand’s Board of Investment (BOI) signed a Memorandum of Understanding (MoU) to boost collaboration in fintech, agritech, biotechnology, electronics, and advanced manufacturing. Minister for Manpower and Minister-in-charge of Energy and Science & Technology Dr Tan See Leng stressed that such cooperation is vital to ASEAN’s resilience and growth, while SBF CEO Kok Ping Soon highlighted how the MoU will strengthen economic ties through information exchange, enterprise support, and joint initiatives.

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WHAT'S NEW

Why Deeper ASEAN Ties Could Mean Bigger Business Gains

SBF is championing deeper ASEAN economic integration to unlock new opportunities for businesses and SMEs. CEO Kok Ping Soon highlighted that removing non-tariff barriers and advancing digital and green economies could position ASEAN as a unified market and a global production hub, reducing risks while drawing greater trade and investment. He underscored the potential of initiatives like the ASEAN Digital Economy Framework Agreement, which could accelerate growth and strengthen the region’s long-term competitiveness.

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Your Competitors Are Preparing. Are You?

In an era of tariff shocks and regulatory complexity, the SBF–TradeGuard Programme, curated with Heidrick & Struggles, equips Singapore-based leaders with the foresight and tools to navigate global trade volatility. Over two intensive days, participants gain strategic trade insights, craft tactical response plans, and build future-proof supply chain strategies. Learn directly from legal, supply chain, and trade finance experts who have successfully weathered U.S.–China tensions, and position your business for clarity, resilience, and competitive advantage.

SCALED INTERNATIONALLY

Connect, Collaborate, and Explore Opportunities with European Businesses

Co-organised by SBF and EuroCham, the inaugural Europe Series (14–15 October) will feature the Europe Conference and Sustainovation Summit. Participating companies can connect directly with European businesses, explore collaboration opportunities under the Enterprise Europe Network (EEN), and gain valuable market insights through high-level discussions and business matching. Highlights include a European wine tasting segment. Early bird pricing ends on 31 August 2025!

SKILLS-EMPOWERED

BS58 - SkillsFuture Human Capital Conference

SBF Appointed Skills Development Partner to Drive Green & Trade Workforce Capabilities

SBF has signed an MoU with SkillsFuture Singapore at the SkillsFuture Human Capital Conference, formalising its role as a Skills Development Partner in the Green Economy and Trade, Investment & Internationalisation. As SDP, SBF will work with industries to identify evolving skills, generate targeted insights, and curate career pathways. This partnership empowers enterprises to adopt skills-based HR practices, close manpower gaps, and future-proof their workforce in a competitive business landscape.

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Future-Proofing SMEs: Why Workforce Transformation Can’t Wait

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SUPPORTED EVENT

Are Incentivised Reviews Skewing Competition? — Share Your Views

The Competition and Consumer Commission of Singapore (CCCS) is reviewing business practices around incentivised customer reviews, where companies offer rewards in exchange for feedback. If incentives are tied to only positive reviews, such practices could mislead consumers and distort fair competition. To better understand the issue, CCCS has launched a short survey to gather feedback from both businesses and consumers, and invites stakeholders to share their views.

JOIN SURVEY