August 29, 2016 6:16 PM 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

Singapore

Founded in 1961

Phone:

65 6832 6832

Fax:

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

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.

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.

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Recent Private Companies Transactions

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