Singapore Business Federation

Keeping costs for businesses in check – that’s what the Singapore government is doing to help shape a more resilient business environment, regionally and globally. Senior Minister and Coordinating Minister for National Security, Teo Chee Hean, outlined three ways the Singapore government was doing this: ✅Continuing to encourage collaborations towards a more integrated world with regional and cross-regional agreements. ✅Creating partnerships in new domains that represent the future of business such as the digital and green economies ✅Helping to lay the foundation for critical new infrastructure that will support regional trading and resilience SM Teo, who spoke today at the Singapore Apex Business Summit 2024, singled out the digital economy for its tremendous growth potential. He said the digital economy was 17.3% of Singapore’s GDP in 2022, up from 13% in 2017, with its growth outpacing that of the overall economy. As for the green economy, Singapore has signed agreements and MOUs with countries like Australia, the UK, Chile and Japan that support economic growth and create jobs in green sectors, while encouraging the decarbonisation of economic activities. He announced the Singapore government has granted conditional approval for 4.2 GW of low-carbon electricity imports. Dilhan Pillay Sandrasegara, executive director and CEO of Temasek Holdings and Temasek International, who was also a speaker, said that while there was much talk about derisking and decoupling in a multi-polar world, Singapore businesses had to think about where ASEAN’s value was in the context of “a globalised world and globalised value chains”. #SBF #SBF2024 #SGBusinesses #SABS2024 #FEC #SRBF #FOTF #EndofBAU #SmartTechnology #Philanthropy #DigitalEconomy #SingaporeEconomy #SustainableFuture #GlobalTrade #Sustainability

What an incredible 2 days it has been! The Singapore Apex Business Summit (SABS®) has provided us many valuable insights and unforgettable connections so far. We're grateful for the opportunity to learn alongside and exchange our experiences with so many inspiring peers. Head over to our Photo Gallery to relive all the highlights from the past two days! ➡️https://lnkd.in/ghSppRPi #SBF #SBF2024 #SGBusinesses #SABS2024 #FEC #SRBF #FOTF #EndofBAU #SmartTechnology #Philanthropy #DigitalEconomy #SingaporeEconomy #SustainableFuture #GlobalTrade #Sustainability

Full House at the Progressive Wage Mark (PW Mark) Information Sharing Session for Engineering sector! We are happy to partner Association of Process Industry (ASPRI) and Singapore Precision Engineering and Technology Association (SPETA) to organise this session for their members. PW Mark is a free accreditation scheme, which is mandatory for eligible businesses that participate in Government tenders (including sub-contractors if the tender value is above S$1,000,000) and quotations valued above S$6,000. We encourage all HR representative and business owners to join our next Information Sharing Session on 2 August (Fri), 2.30pm at SBF Center - secure your seat now at  https://lnkd.in/grBTu6-8  (limited seats available, registration is free) #PWMark #ProgressiveWages #ProgressiveWageMark

Day 1 of the Singapore Apex Business Summit opened with the Future Economy Conference (FEC) in conjunction with Company of Good (COG) Conference, with the aim of inspiring and empowering businesses to embrace innovation, sustainability and social responsibility. Together, they endeavour to pave the way for a brighter, more purpose-driven future for businesses and communities alike. View the video for more Day 1 highlights! The summit continues today with the Singapore Regional Business Forum (SRBF®). #SBF #SBF2024 #SGBusinesses #SABS2024 #FEC #SRBF #FOTF #EndofBAU #SmartTechnology #Philanthropy #DigitalEconomy #SingaporeEconomy #SustainableFuture #GlobalTrade #Sustainability

We’re wrapping up our 5-part series on the Occupational Employment Dataset (OED). Key highlights this week: ✨ The OED: What is it and how it impacts businesses ✨ Tips for smoother OED submissions ✨ Getting the advice you need from MOM ✨ Ensuring consent is granted Swipe left to dive into the insights! Share your thoughts and questions about our OED series in the comments below. #PWMark #OED #Tips

Good morning! The 2nd day of the Singapore Apex Business Summit (SABS®) is about to begin. Today we will kick off the 8th Singapore Regional Business Forum (SRBF®) themed “End of Business as Usual: Transforming Regional Collaborations towards a Sustainable Future." After the opening from our Guest-of-Honour, we will start the day with a fireside chat with our keynote speaker followed by plenary sessions all the way till the end of the day. #SBF #SBF2024 #SGBusinesses #SABS2024 #FEC #SRBF #FOTF #EndofBAU #SmartTechnology #Philanthropy #DigitalEconomy #SingaporeEconomy #SustainableFuture #GlobalTrade #Sustainability

Be the Voice of the Wholesale Trade Sector! Survey link: https://lnkd.in/g-fHTbfq The wholesale trade sector (WST) in Singapore contributes significantly to the country’s economy and has undergone significant disruptions due to emerging trends including those related to e-commerce, technology adoption and sustainability considerations. SBF, together with our research partner, IndSights Research, would like to invite you to participate in this survey to gain a deeper understanding of the impact such disruptions pose, and unravel the challenges, needs and support required by the WST companies. The findings from this survey aim to inform policies on workforce transformation, identify emerging skillsets for WST employees to succeed at their jobs as well as gain a better understanding of your perspective on existing government grants / schemes for the WST sector. Your participation is crucial in ensuring our research reflects diverse perspectives and accurately captures the challenges and opportunities facing the WST sector today. Email [email protected] if you require any assistance regarding the survey.

From Constraint to Catalyst: Harnessing Flexible Work Arrangements to Maximise Workforce Productivity Singapore faces significant demographic challenges with an aging population and low fertility rates, prompting a reevaluation of workplace dynamics. A panel discussion at the Singapore Apex Business Summit 2024 informed delegates how businesses are increasingly turning to flexible work arrangements to not only adapt but thrive in this evolving landscape. The shift towards flexible work arrangements has been driven by the increasing need for flexibility and inclusivity. By allowing employees to work remotely part-time or full-time, organisations can attract and retain talent from diverse backgrounds, including individuals with caregiving responsibilities or disabilities. However, this also poses challenges that require proactive management. Ensuring equitable access to resources and opportunities for all employees is crucial for maintaining cohesion and inclusivity within the organisation. Leaders must prioritise effective communication and leadership development to cultivate a unified organisational culture. Otherwise, it is not a matter of if but how far off they will be left behind. #SBF #SBF2024 #SGBusinesses #SABS2024 #FEC #SRBF #FOTF #SABS2024 #EndofBAU #SmartTechnology #Philanthropy #DigitalEconomy #SingaporeEconomy #SustainableFuture #GlobalTrade #Sustainability

Deputy Prime Minister Heng Swee Keat launched the “Transforming the Singapore Economy” report today at the Singapore Apex Business Summit 2024 held at the Sand Expo and Convention Centre. The first day of the Summit features the Future Economy Conference organised by SBF , which was held in conjunction with the Company of Good Conference organised by the National Volunteer and Philanthropy Centre. The report celebrates the contributions of stakeholders who have contributed to Singapore’s economic transformation over the past few years, and highlights Singapore’s economic transformation efforts since 2016. Transformation is critical for businesses as they navigate digital shifts and emerging smart technologies, a responsibility that business leaders cannot outsource. Jeremy Tan, co-founder of Tin Men Capital, said leaders need to get on board for digital change to be effective. Vincent Phang, group CEO of Singapore Post, added that innovation was a choice and urged organisations to go back to their purpose and ask what are the things that matter to them. #SBF #SBF2024 #SGBusinesses #SABS2024 #FEC #SRBF #FOTF #SABS2024 #EndofBAU #SmartTechnology #Philanthropy #DigitalEconomy #SingaporeEconomy #SustainableFuture #GlobalTrade #Sustainability

Right after the Opening Speech from Guest-of-Honour, Deputy Prime Minister Heng Swee Keat, we will kickstart day 1 of the Singapore Apex Business Summit (SABS®) with the Future Economy Conference (FEC) in conjunction with Company of Good (COG) Conference. Here’s the schedule for Day 1 at SABS® #SBF #SBF2024 #SGBusinesses #SABS2024 #FEC #SRBF #FOTF #SABS2024 #EndofBAU #SmartTechnology #Philanthropy #DigitalEconomy #SingaporeEconomy #SustainableFuture #GlobalTrade #Sustainability