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February 14, 2016 10:08 AM ET

Commercial Services and Supplies

Company Overview of Singapore Economic Development Board

Company Overview

Singapore Economic Development Board operates as a government agency for planning and executing strategies to enhance Singapore's position as a global business centre for business, investment, and talent. It designs and delivers solutions to create value for investors and companies in Singapore. The company’s 'Host to Home' strategy extends Singapore's value proposition to businesses to help them improve their bottom line; grow their top line through establishing and deepening strategic activities in Singapore; and drive their business, innovation, and talent objectives in Asia and internationally. It also works to attract companies in various industries, such as aerospace engineering, alter...

250 North Bridge Road

28-00 Raffles City Tower

Singapore,  179101


Founded in 1961


65 6832 6832


65 6832 6565

Key Executives for Singapore Economic Development Board

Managing Director and Director
Age: 48
Chief Financial Officer and Director of Finance
Chief Information Officer and Executive Director
Assistant Managing Director of Planning
Age: 61
Deputy Managing Director
Compensation as of Fiscal Year 2015.

Singapore Economic Development Board Key Developments

Economic Development Board Announces Executive Changes

The Ministry of Trade and Industry (MTI) announced board changes at the Economic Development Board (EDB). MTI has appointed Mr. Patrick Tay Teck Guan, Assistant Secretary- General, National Trades Union Congress (NTUC) to the Board of EDB and reappointed two board members with effect from February 1, 2016. The following EDB board members will be stepping down upon the completion of their terms on January 31, 2016. Mr. Kwek Mean Luck, 2nd Solicitor-General, Attorney General Chambers (AGC); Ms Cham Hui Fong, Assistant Secretary-General & Director, Industrial Relations, NTUC; and Mr. Bruno Guilmart, Independent Director.

Sembcorp Partners with EDB to Launch Industrial Living Laboratory in Singapore

Sembcorp Industries Ltd. has entered into a partnership with the Singapore Economic Development Board, or EDB, to launch industrial living laboratory in Singapore. As a living lab, Sembcorp will grant technology providers access and share insights into its proprietary wastewater treatment and waste-to-energy facilities on Jurong Island for late-stage test-bedding and co-innovation of water and environmental technologies. The Sembcorp Industrial Living Lab initiative is in line with the company's forward-looking approach in developing its competitive edge through technology and innovation, as well as Singapore's vision to be the leading demand driver of smart and sustainable urban solutions, which was identified as a key growth driver for the economy. The Sembcorp Industrial Living Lab initiative offers technology providers a rare opportunity to leverage best-in-class industrial wastewater treatment and waste-to-energy facilities to conduct applied R&D (R&D) in areas such as smart water systems and carbon capture. The initiative will also see Sembcorp and EDB jointly investing up to a total of SGD 8 million to support the commercialisation of R&D projects from the pilot-testing stage to market-ready levels. Under the partnership, proposals from technology providers will be jointly evaluated by Sembcorp and EDB for their scalability, technological merits and economic impact to Singapore. Sembcorp's researchers and engineers will then work with successful applicants to test bed their new technologies in actual industrial settings. If the technologies are proven successful, they have the potential to be deployed in Sembcorp's global operations. This gives smaller players that do not own any infrastructure the chance to scale up their technologies and develop a highly-prized track record.

IBM and the Singapore Economic Development Board Launch the IBM Smarter Commerce Centre of Competency

IBM and the Singapore Economic Development Board have jointly announced the establishment of the IBM Smarter Commerce Centre of Competency (SCCOC), which aims to develop new products and solutions for running online shopping and customer engagement sites. Specifically, the SCCOC hopes to enhance the four key competencies of smart commerce: Buying, selling, marketing and servicing clients - using commerce solutions that leverage the cloud, data analytics, social media outreach and security platforms. Examples include software tools that help to plan the customer journey, and analytics that help determine how to accelerate the buying process within the journey, or remove customer doubts from the making the final purchase. Together, IBM and EDB will team up with industry associations such as the Singapore infocomm Technology Federation (SiTF) and the Marketing Institute of Singapore (MIS) to reach out to marketing professionals on how they can leverage technology. It is also currently in talks with local telecommunications firm StarHub as well as banking group OCBC. By end 2017, the SCCOC will employ over 30 Research Scientists and Engineers to oversee the development of products and solutions. They will be involved in defining analytics guidelines and solutions, developing advanced algorithms, data mining for platforms, testing and evaluation of programmatic models, and deploying the plan models. The SCCOC is expected to be fully operational by the end of the year and will be based in the IBM Singapore Technology Park (ISTP) at Tampines. The ISTP also houses the IBM Client Centre and the manufacturing facility for IBM's System z mainframes and high-end POWER systems.

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