February 28, 2017 12:32 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

Singapore Economic Development Board Announces Board Changes

The Ministry of Trade and Industry announced board changes at the Singapore Economic Development Board (EDB). These appointments will take effect from 1 February 2017. Five new members were appointed to the EDB Board: Mr. Ichiro Iino, Chief Executive (Asia-Pacific), Hitachi Ltd; Professor Ilian Lubomirov Mihov, Dean, INSEAD; Mr. Randy Isaac Walker, Chairman and Chief Executive Officer, IBM Asia Pacific; Mr. Loh Chin Hua, Chief Executive Officer, Keppel Corporation and Mr. Loh Boon Chye, Chief Executive Officer, Singapore Exchange Ltd. The following board members have stepped down upon the completion of their term on 31 January 2017: Mr. Vinod Kumar, Managing Director and Group Chief Executive Officer, Tata Communications Ltd; Mr. Tan Pheng Hock, Advisor, ST Engineering Ltd. and Mr. Mark Nelson, Vice President, Strategic Planning, Chevron Corporation.

POET Technologies to Expand Compound Semiconductor Operations in Singapore with Support from the Singapore Economic Development Board

POET Technologies Inc. (POET) announced that on October 17, 2016, it entered into an Agreement with the Singapore Economic Development Board (EDB) to expand the company research and development operations in Singapore. POET will establish an Integrated Photonics center within its current operations to further develop and commercialize differentiated photonics and opto-electronic products. This is expected to increase market penetration and enhance market acceptance of the POET portfolio as it is introduced. This center signifies the growing importance of integration in photonics applications as a means to drive increased adoption and improve POET's competitive positioning. The Singapore operations will further the development and production of POET's key technologies, including those developed with the joint program POET established with the Institute of Materials Research and Engineering (IMRE) in Singapore earlier this year. The planned initiatives are expected to gradually add up to 30 engineers and scientists to POET, as the R&D center is established.

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.

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