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August 27, 2015 8:35 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


Founded in 1961


65 6832 6832


65 6832 6565

Key Executives for Singapore Economic Development Board

Managing Director and Director
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

The Ministry of Trade and Industry Announces Board Changes At the Singapore Economic Development Board

The Ministry of Trade and Industry (MTI) on January 29 announced board appointment changes at the Singapore Economic Development Board (EDB). MTI said that four new members have been appointed to the board of EDB, and four board members have been reappointed. The new board members are: Mr. Chaly Mah Chee Kheong, Chairman, Deloitte Singapore, Dr. Stefan Doboczky, Member of the Managing Board, Royal DSM Mr. Arunjai Mittal, Member of the Management Board, Infineon Technologies AGDr Detlef A. Trefzger, CEO, Kuehne+Nagel International AG. The following board members will be stepping down after their terms end on January 31. They are: Mr. Gautam Banerjee, Senior Managing Director and Co-Chairman, Asia Operating Committee, Blackstone Group, Mr. Lothar Herrmann, President and CEO, Siemens Greater China, Mr. Gregory Lee, President and CEO, Samsung Telecommunications America and Samsung Electronics, Mr. Toru Shimada, Executive Vice President and Representative Director, Rakuten Inc.

NEC and Singapore Economic Development Board Sign Memorandum of Understanding to Collaborate on Cyber Security, Smart Energy, Healthcare, and the Internet of Things

NEC Corporation and the Singapore Economic Development Board announced the signing of a Memorandum of Understanding to research and collaborate in areas that are essential to the realization of a safe, secure and efficient society, including cyber security, smart energy, healthcare, and the Internet of Things (IoT). The partnership aims to promote and drive economic growth in the industry through NEC-driven, innovative IT solutions, talent development programmes and research collaboration within Singapore. The collaboration with EDB will see NEC developing an Internet of Things business platform that will benefit businesses across industries as well as create new capabilities and business opportunities. According to a newly released IoT ecosystem forecast from International Data Corporation (IDC), the worldwide IoT market is forecast to grow from $1.3 trillion in 2013 to $3.04 trillion in 2020 with a compound annual growth rate (CAGR) of 13%. IDC defines the Internet of Things as a network of networks of uniquely identifiable endpoints that communicate without human interaction using IP connectivity  be it "locally" or globally. In the area of healthcare, NEC and EDB will collaborate to resolve healthcare issues, including developing elderly related solutions that will improve the efficiency of healthcare operations. With Singapore estimated to have an elderly population (over 65 years old) of 11% by 2050, the demand for healthcare services for the elderly is on the rise. In separate efforts, collaboration with EDB in the areas of cyber security focuses on talent development to promote security capability in Singapore and the region. In the area of smart energy, the partnership focuses on energy management & control, smart grid, energy storage and renewable energy integration.

NEC Corporation and The Singapore Economic Development Board Signs Multi-Year Partnership Agreement

NEC Corporation and the Singapore Economic Development Board have signed a multi-year partnership agreement to build strategic capabilities in cybersecurity through EDB's Strategic Attachment and Training, or STRAT, Programme. NEC and EDB will seek qualified cybersecurity professionals and graduates to take part in a comprehensive cybersecurity training programme designed to equip them with the needed skills to counter the latest cyber threats. The training aims to develop key in-depth skills and cybersecurity capabilities in areas of malware analysis, incident response, intrusion detection, digital forensics and vulnerability assessment. The STRAT Programme aims to build up Singapore's manpower capabilities in strategic areas and sectors through international training and attachment with leading companies, and is open to Singaporean citizens and permanent residents.

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