September 26, 2016 9:02 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: 49
Chief Financial Officer and Director of Finance
Chief Information Officer and Executive Director
Assistant Managing Director of Planning
Age: 62
Deputy Managing Director
Compensation as of Fiscal Year 2016.

Singapore Economic Development Board Key Developments

Marsh & McLennan Companies, Inc. and Singapore Economic Development Board Announce Launch of Asia Pacific Risk Center

Marsh & McLennan Companies Inc. (MMC) and Singapore Economic Development Board, or EDB, have announced the launch of the Asia Pacific risk center, or APRC, in Singapore. The center is MMC's inaugural risk research institute in Asia Pacific, providing insight and analysis to government leaders and corporate executives. Drawing on expertise from MMC's four operating companies, Marsh, Guy Carpenter, Mercer, and Oliver Wyman, the APRC will further strengthen Singapore's position as a hub of intellectual-capital generation by creating a dozen new research positions in the city and bringing leading experts from academia and industry together at conferences and workshops. Oliver Wyman partner Wolfram Hedrich will serve as the APRC's Executive Director, based in Singapore. In connection with the APRC's launch, the center released its first report, which focuses on the urgency and significance of current and projected costs of elderly healthcare in Singapore and across the region. Other upcoming APRC reports will focus on infrastructure financing and energy related issues, analyzing key risks facing industries, governments, and societies in Asia Pacific. The APRC will extend MMC's global research network to Asia and add new partnerships with universities and research institutions in Singapore's local research ecosystem for co-development of intellectual property. Additionally, the APRC announced the launch of its digital news hub, BRINK Asia, sponsored by MMC in partnership with Atlantic Media Strategies. BRINK Asia will provide up-to-the-minute insights relevant to top executives and policy leaders on current and emerging risks relevant to the Asian market.

SES Partners with Singapore Economic Development Board Office for Space Technology and Industry

SES inked an agreement with the Singapore Economic Development Board (EDB), marking its inaugural cooperation with EDB’s Office for Space Technology and Industry (OSTIn) to explore greater development and innovation in satellite technologies, hardware and software tools for satellite networks of the future. SES and EDB will work with Singapore research institutes and industry partners in the design, prototyping and production of technologies for mobility applications in the aeronautical, automotive and maritime sectors. Other potential areas of collaboration with EDB include the development of software to manage next generation satellite networks, as well as producing innovative, compact components for Internet of Things (IoT) applications, which will continue to advance Singapore in realising its vision of a Smart Nation. The partnership will also pave the way for collaboration between Singapore and Luxembourg universities and research institutions to develop satellite and radio communications technologies.

Airbus Group and Singapore Economic Development Board Sign Agreement to Develop Aircraft Maintenance Solutions of Future

Airbus Group, signed a Memorandum of Understanding with Transport Engineering of Singapore's Economic Development Board, to establish a programme to develop technologies that will improve the efficiency of aircraft maintenance. The result of the agreement will be a unique demonstration platform and test bed for developing solutions to the challenges and trends facing aircraft maintenance, repair and operations entities. These challenges include cost pressures, increasing competition and a rapidly changing business environment. Airbus Group will assemble a 10-strong team of experts to collaborate with local institutions to adapt technologies to the particular needs of the highly regulated aircraft maintenance industry. Dubbing the project the Future Hangar Initiative, Airbus Group and its research partners will explore technologies for improving the efficacy and speed of aircraft maintenance and repair - everything from performing a complete scan of an aircraft when it rolls into the hangar to digitalized inspections and employing 3D printers to make spare parts on site.

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