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geared up for the challenge Annual Report 2008


Contents  Our Beginnings, Our Objectives

01

 Message from the Chairman

02

 Federation Profile  Board of Trustees  SBF Council Members

04 06

 SBF Committees

12

 SBF Secretariat

14

 SBF Mission and Vision

16

 Review of 2008  Representing the Voice of Business  Helping Businesses Build Capacity and Resilience  Networking and Business Facilitation

18

 List of 2008 Activities

40

21 25 28


Singapore Business Federation Annual Report 2008

Our Beginnings  In the late 1990s, amid the rapidly changing global economic and business landscape, the government, in consultation and with the support of business leaders, called for a more comprehensive organisation and representation of the Singapore business community.  With the passing of the SBF Act by Parliament in July 2001, all Singapore-registered companies with a paid-up share capital of $0.5 million and above become members of the SBF. Local chambers of commerce and industry which represent the interests and welfare of any local or foreign business group(s) join as Constituent Members.  SBF was formally established on 1 April 2002 and officially launched by the then Prime Minister Goh Chok Tong on 11 April 2002.

Our Objectives  To enhance the organisation of the business community in Singapore.  To represent, advance, promote and protect, in Singapore and abroad, the major business interests (such as investment, trade opportunities and labour management issues) of business entities carrying on commerce and industry in Singapore.


Singapore Business Federation Annual Report 2008

Message from the Chairman SBF will continue to help companies grow in reach, capability and resilience. Through SBF, the Singapore business community has a collective voice in government as well as internationally. 2008 has been a year of change. The Singapore economy, which appeared to be on track in early 2008, began to lose steam in the second half of the year and went into recession in December. Businesses, likewise, began to experience a sudden and drastic contraction in demand, amid an environment of high operating costs and an uncertain global economy.


Singapore Business Federation Annual Report 2008

At the Singapore Business Federation, change was also evident. In February 2008, the apex business chamber welcomed Mr. Teng Theng Dar as its Chief Executive Officer. The Federation’s Annual General Meeting in June 2008 also saw the election of a new Council, and my appointment as Chairman of SBF for the 2008 – 2010 term. My colleagues and I take this opportunity to thank Mr. Stephen Lee, the immediate past Chairman, members of the previous Council, and former Executive Director Mr. Koh Juan Kiat, for their stewardship and dedication to SBF. In just six years, Stephen and his team laid a strong foundation for SBF, and nurtured the Federation in its critical initial phase. The new SBF Council, its CEO and the Secretariat Team will build on the good work achieved thus far. We are resolved to lead the Federation into its next phase of growth. In doing so, we will be mindful of the objectives of SBF, which are to:

 represent and protect Singapore’s business interests both locally and abroad  nurture the collective business voice to facilitate coordination between public agencies and the business community, and  assist our companies at home, as well as when they venture overseas.

By October 2008, recognising that it would be a challenging period ahead for businesses, SBF promptly updated its members on the latest economic outlook, best practices in financial and risk management, and government’s training, loan financing and other incentive schemes. The dialogue sessions, business sentiment surveys and timely briefings helped to apprise members of the latest developments and provided them with useful tips for decision making. In December 2008, SBF initiated an important dialogue between leaders of the business community and the Ministry of Trade & Industry and Ministry of Finance, to discuss difficulties faced by companies in regard to business costs and cash-flow. We are pleased that the resilience package unveiled in Budget 2009 has helped to alleviate some of the major concerns of businesses. In the coming years, SBF will continue to help companies grow in reach, capability and resilience. Through SBF, the Singapore business community has a collective voice in government as well as internationally.   

Tony Chew Chairman Singapore Business Federation

Message from the Chairman 03


Singapore Business Federation Annual Report 2008

FEDERATION PROFILE

Board of Trustees As prescribed by the SBF Act 2001, the Board of Trustees is responsible for ensuring that:  the Singapore Business Federation acts in furtherance of its objects as set out in the Act and in its Constitution;  the funds and assets of the Federation are properly accounted for and safeguarded; and  the persons who are members of the Council are fit and proper to hold such office. The Minister for Trade & Industry has appointed Mr. Sat Pal Khattar, Chairman of Khattar Holdings Group of companies as the Chairman. Mrs. Theresa Foo-Yo Mie Yoen, Chairman of BNP Paribas Capital (Singapore) Ltd, and Mrs. Fang Ai Lian, Chairman of Great Eastern Holdings Limited are the other two members of the Board.


Singapore Business Federation Annual Report 2008

Sat Pal Khattar

Fang Ai Lian

Theresa Foo-Yo Mie Yoen

(Chairman)

(Member)

(Member)

 Member of Presidential Council of Minority Rights

 Chairman, Great Eastern Holdings Limited

 Chairman, BNP Paribas Capital (Singapore) Ltd

 Chairman of Khattar Holdings Group of companies  Chairman of IMAA Awards Council  Chairman of Guocoland Ltd, a Singapore listed public company  Director of Guoco Group Ltd, GuocoLeisure Ltd, Haw Par Corporation Ltd, OUB Centre Ltd and Lee Kuan Yew Exchange Fellowship  Co-Chairman of Singapore India Partnership Foundation  Director, Institute of South Asian Studies Management Board  Life Trustee of SINDA (a non-profit body for the Indian community in Singapore)  Member of Coutts Asia Advisory Board  Patron, Singapore Indian Fine Arts Society

 Board Member, Banyan Tree Holdings Limited  Board Member, Metro Holdings Limited  Board Member, Singapore Telecommunications Limited  Board Member, MediaCorp Private Limited  Board Member, Oversea-Chinese Banking Corporation Limited  Governing Council Member, Singapore Institute of Directors

 Chairman, BNP Paribas Securities (Singapore) Pte Ltd  Chairman, The Esplanade Co Ltd  Chairman, Viva Foundation for Children with Cancer Limited  Deputy Chairman, National Parks Board  Board Member, Income Tax Board of Review, Ministry of Finance

 Board Member, Public Utilities Board

 Council Member, Securities Industry Council

 Board Member, International Enterprise Singapore

 Member, Board of Trustees of Singapore National Employers Federation

 Member of Management Board, Institute of Policy Studies

 Board Director, Ecquaria Limited

 President, Home Nursing Foundation  Chairman of Charity Council

 Director of a number of public and private companies in Singapore, Hong Kong and India  Conferred the NTUC Distinguished Service Award (Star) and other honours like: • • • • •

The Public Administrative Medal (Silver) The Friend of Labour Award The Rochdale Medal The NTUC Meritorious Service Award The NTUC Distinguished Service Award Federation Profile 05


Singapore Business Federation Annual Report 2008

SBF Council Members (2008 -2010) The SBF Council, which manages the affairs of the Federation, includes nominated, elected and co-opted representatives. The Council has a minimum of 20 and a maximum of 26 members. The three local ethnic chambers i.e. Singapore Chinese Chamber of Commerce & Industry, Singapore Malay Chamber of Commerce & Industry and Singapore Indian Chamber of Commerce & Industry have permanent representation in the Council. Up to one quarter of the total number of the Council Members shall be representatives from foreign chambers of commerce and industry. In addition, up to six members could be co-opted by the Council. The rest of the council members would be nominees of local chambers or elected representatives of member companies.


Singapore Business Federation Annual Report 2008

Tony Chew Leong Chee

Chua Thian Poh

Barry Desker

Cheng Wai Keung

(Chairman)

(Vice Chairman)

(Vice Chairman)

(Honorary Secretary)

 Executive Chairman, Asia Resource Corporation

 Chairman & CEO of Ho Bee Investment Ltd

 Chairman, KFC Vietnam Corporation

 Immediate Past President of Singapore Chinese Chamber of Commerce & Industry

 Dean, S. Rajaratnam School of International Studies, Nanyang Technological University

 Chairman and Managing Director, Wing Tai Holdings Limited

 Director of Institute of Defence and Strategic Studies, Nanyang Technological University

 Chairman, Neptune Orient Lines Ltd

 Chairman, Macondray & Company Incorporated  Lead Independent Director, Keppel Corporation  Board Member, Air Alliance Pte Ltd, Orangestar Holdings  Chairman, Governing Board, Duke-NUS Graduate Medical School Singapore  Governing Board Member, Economic Research Institute for ASEAN and East Asia  Adviser, Singapore Institute of International Affairs  Conferred Public Service Star in 2008

 Chairman of Business China  Advisor of Network China  Chairman of Bishan East Citizens’ Consultative Committee  Deputy President of Singapore Hokkien Huay Kuan  Member of Board of Trustees and Chairman of Finance & Establishment Committee of Chinese Development Assistance Council  Chairman, Ren Ci Hospital & Medicare Centre

 Chairman of Singapore Technologies Marine Ltd  Was Chief Executive Officer of the former Singapore Trade Development Board (1994-2000) and Singapore’s Ambassador to Indonesia (1986-1993)

 Vice-Chairman, SingaporeSuzhou Township Development Pte Ltd  Director, GP Batteries International Limited  Member, Temasek Advisory Panel  Conferred the Public Service Star (BBM) in 1987, the Public Service Star (Bar) (BBMLintang) in 1997 and the Distinguished Service Order (DUBC) in August 2007  Reappointed Justice of the Peace in 2005

Federation Profile 07


Singapore Business Federation Annual Report 2008

Lawrence Leow

Bob Tan

Kristin Paulson

Simon Cheong

(Deputy Honorary Secretary)

(Honorary Treasurer)

(Deputy Honorary Treasurer)

(Council Member)

 President, Association of Small and Medium Enterprises

 Chairman, Jurong Engineering Limited

 Past Chairman of American Chamber of Commerce in Singapore

 Chairman and CEO of SC Global Developments Ltd

 Executive Chairman of the Crescendas Group  Adviser of People’s Association – Youth Movement (PAYM)  Member of Pro-Enterprise Panel set up by Ministry of Finance  Patron of Yew Tee Citizens’ Consultative Committee and Constituency Sports Club  Former Nominated Member of Parliament  Former Board Member of Standards, Productivity and Innovation Board (SPRING Singapore)  Former Council Member, National Arts Council

08 Federation Profile

 Chairman of the Institute of Technical Education  Directorships in other companies including SMRT Corporation Ltd

 Governor of American Chamber of Commerce in Singapore Board of Governors

 Vice President of Singapore National Employers Federation

 Chairman, Asia Pacific Council of American Chambers of Commerce (APCAC)

 Co-Chairman of Tripartite Alliance for Fair Employment Practices

 Board Member, Accounting and Corporate Regulatory Authority of Singapore (ACRA)

 Member of National Wages Council

 Council Member, Council for Private Education, Singapore

 Board Member of Ong Teng Cheong Institute of Labour Studies

 Principal, KPaulson Associates, Government Relations Consulting

 Member of NTUC Club Management Council

 Chairman of AVJennings Limited  President of Real Estate Developers’ Association of Singapore (REDAS)  Board of the Raffles Girls Secondary School in Singapore, 1999-2007  Executive Chairman of MPH Ltd (now known as Vantage Corporation Ltd), 2002-2004  Board member of Singapore Turf Club, 2001-2002  Board member of Singapore Dance Theatre, 2003-2006


Singapore Business Federation Annual Report 2008

David P. Conner

Desmond Hill

Joachim Ihrcke

Vijay Iyengar

(Council Member)

(Council Member)

(Council Member)

(Council Member)

 Chief Executive Officer and Director, Oversea-Chinese Banking Corporation Limited

 Deputy General Manager, Penta-Ocean Construction Co Ltd

 President, European Chamber of Commerce

 Chairman, Singapore Indian Chamber of Commerce & Industry

 Chairman of The Association of Banks in Singapore (ABS)

 President, Singapore Contractors Association Ltd

 Director of OCBC Bank (Malaysia) Bhd

 President, Singapore Squash Rackets Association

 Chairman of Bank of Singapore Ltd

 Council Member, Singapore Accreditation Council

 Director of Great Eastern Holdings Ltd, The Great Eastern Life Assurance Co Ltd and The Overseas Assurance Corporation Ltd

 Council Member, National Crime Prevention Council

 Deputy Chairman and Director of Lion Global Investors Ltd

 Member, WSH (Construction & Landscaping) Committee, WSH Council, MOM

 Commissioner of PT Bank OCBC NISP Tbk  Trustee of Washington University in St. Louis

 Member, Building and Construction Standard Committee, SPRING

 Member, Water Network 3rd Panel, PUB

 Managing Director, Droege & Comp. Singapore Pte Ltd

 Managing Director, Agrocorp International Pte Ltd  Director, Sri Kowshiki International Pte Ltd, Ramco Systems Pte Ltd, Asian Media Education Centre Pte Ltd, Parameswara Holdings Ltd, Compass Point Tours Pte Ltd, Ambit (S) Pte Ltd and Singapore Mercantile Exchange Pte Ltd  Member of Tamil Language Council, Member of Network India Steering Committee, and Member of PA Talents Advisory Council

 Treasurer, ASEAN Constructors Federation (ACF)  Evaluator and Accredited Adjudicator, Singapore Mediation Centre

Federation Profile 09


Singapore Business Federation Annual Report 2008

Jung Young Soo

Edwin Khew

Yasuhiko Kitagawa

Dato’ Mohd Zain Abdullah

(Council Member)

(Council Member)

(Council Member)

(Council Member)

 Chairman, Korean Chamber of Commerce (Singapore)

 Nominated Member of Parliament

 Chairman & CEO, Hankook Saint James Pte Ltd

 Director, IUT Singapore Pte Ltd; CEO & Managing Director, IUT Global Pte Ltd

 President, Japanese Chamber of Commerce & Industry, Singapore 2008-09

 President, Singapore Malay Chamber of Commerce & Industry

 General Manager, Mitsubishi Corporation Singapore Branch

 Vice Chairman, Middle East Business Group, SBF

 President, Japanese Association Singapore 2007-08

 Executive Chairman, Prestige Marine Services Pte Ltd, Prestige Energy Pte Ltd, Prestige Air & Logistics Pte Ltd, Peta Marine Services Pte Ltd, Yam Holding Sdn Bhd, Vanda Tankers (S) Pte Ltd, Avila Tankers (S) Pte Ltd, Aravinda Tankers Sdn Bhd, E.A. Marine Services Sdn Bhd and PM Marine Services Sdn Bhd

 Board Director, Singapore International Chamber of Commerce  Chairman & CEO, Jinmax Enterprise Pte Ltd

 Honorary President, S’pore Manufacturers’ Federation  Chairman, Sustainable Energy Association of S’pore, S’pore Standards Council (Spring)  Member, S’pore Green Plan 2012 Coordinating Committee, ESCO Accreditation Committee (NUS), Enterprise Development Advisory Committee (Spring), Manpower Skills and Training Council (WDA), Supervisory Board of Solar Energy Research Institute of Singapore (NUS), National Climate Change Committee (MEWR)  Member, German-S’pore Business Forum Steering Committee  Council Member of The Institution of Engineers S’pore and Chairman of Manufacturing Group

10 Federation Profile

 Board Director, Singapore International Chamber of Commerce  Director, Mitsubishi Elevator (Singapore) Pte Ltd, MCLT Singapore Pte Ltd, Mi-Mi Investment Singapore Pte Ltd, MC Development Asia Pte Ltd, Singapore-Suzhou Township Development Pte Ltd and Diamond Tanker Pte Ltd

 Director, Saso Logistics Pte Ltd, Enterprise Development Centres @SMCCI and Malay Heritage Foundation Ltd  Advisor, Singapore Silat Federation  Conferment of Datoship 2004 – Darjah Dato’ Paduka Tuanku Ja’afar (D,.P.T.J) by Yang Di-Pertuan Besar Negeri Sembilan Darul Khusus, Dato’ Paduka Tuanku Ja’afar Ibni Al-Marhum Tuanku Andula Rahman


Singapore Business Federation Annual Report 2008

Philip Ng

Tang Kin Fei

Robert Yap

Renny Yeo

(Council Member)

(Council Member)

(Council Member)

(Council Member)

 Chief Executive Officer, Far East Organization

 Group President & CEO, Sembcorp Industries Ltd

 Chairman & CEO of YCH Group Pte Ltd

 Exec Chairman, Yeo Hiap Seng Ltd and Chairman, Yeo Hiap Seng (Malaysia) Berhad

 Director, Sembcorp Marine Ltd  Director, GuocoLeisure Limited

 Co-Chairman of ASEANBusiness Advisory Council

 President, Singapore Manufacturers’ Federation (SMa)

 Director, International Enterprise Singapore

 Founding Chairman of Supply Chain Asia

 President, Singapore Water Association

 Co-Chairman of KoreaSingapore Logistics Council, Founding Member of IndiaSingapore CEO Forum

 Chairman, Draka Cableteq Asia Pacific Holding Pte Ltd, Singapore Cables Manufacturers Pte Ltd

 Singapore-Tianjin Economic & Trade Council (STETC), Singapore-Jiangsu Cooperation Council (SJCC), SingaporeGuangdong Collaboration Council (SGCC)

 Board Member, Oakwell Engineering Ltd

 Executive Chairman, Orchard Parade Holdings Limited  Non-Executive Director, Super Coffeemix Manufacturing Limited  Director, Sino Group (Hong Kong)  Ambassador of The Republic of Singapore to The Republic of Chile  Governing Board of The Lee Kuan Yew School of Public Policy  Director, Nanyang Primary School  The Singapore-China Foundation Board of Governors  Cairnhill Community Club Management Committee (Honorary Patron)  Advisory Board for the Centre for Liveable Cities (CLC)  Exco Member, ULI (Urban Land Institute) South Asia District Council  Chairman, Steering Committee for the Establishment of the New University

 Member, APEC Business Advisory Council  Member, Singapore-Tianjin Economic & Trade Council, Abu Dhabi-Singapore Business Forum and Saudi-Singapore Economic City Business Forum. Represents Sembcorp Industries on the SingaporeJiangsu Cooperation Council and Singapore-Zhejiang Economic & Trade Council

 Member of the Singapore Customs’ Advisory Committee  Board Member of the Maritime and Port Authority of Singapore

 Chairman, GS1 Singapore and EPC Global (SMa)  Director, EDC@SMa

 Chairman, The Singapore Accreditation Council (SPRING)  Council Member, Standards Council (SPRING)  Chairman, Electrical & Electronic Product Standards Committee (SPRING)

 Board of Advisors of School of Information Systems in SMU

 Member, Enterprise Development Advisory Council (SPRING)

 Inducted to the Asia Logistics Award Hall of Fame by Lloyds FTB in 2003

 Conferred the Pingat Bakti Masyarakat (Public Service Medal) in 2000

 Ernst & Young Entrepreneur of the Year (EOY) Singapore 2007, and Inducted Lifetime Member of the World EOY Academy in Monte Carlo 2008

 Patron, Singapore Productivity Association

Federation Profile 11


Singapore Business Federation Annual Report 2008

SBF Committees Executive Committee

Finance and Audit Committee

International Relations Committee

The committee has the authority to act for the Council in policy, procedural, programme and administrative issues and decisions. The Executive Committee sets the overall goals, short and long term objectives, policies, programmes and activities of SBF for the Council’s approval.

The primary function of the Finance and Audit Committee (FAC) is to assist the Council in fulfilling its oversight pertaining to the Federation’s systems of internal controls including financial, operational, compliance and risk management which Management and the Council have established.

The committee oversees SBF’s efforts in developing and promoting trade and investment activities for Singapore companies. It also fosters the development and promotion of bilateral and multilateral interaction between SBF and international business chambers/organisations to build goodwill and create a positive image for SBF. The committee leads SBF’s international relations marketing activities e.g. promotional visits to overseas countries and in receiving visiting delegations.

Chairman: Members:

Mr. Tony Chew Mr. Chua Thian Poh Mr. Lawrence Leow Ms. Kristin Paulson Mr. Tang Kin Fei

12 SBF Committees

Its terms of reference include:  to review the accounting policies of the Federation to ensure that they are in compliance with accounting standards and in accordance with the law;  to review, with the internal and external auditors, the adequacy of the Federation’s internal controls, with the purpose of safeguarding the Federation’s assets;  to review the balance sheet and profit and loss account of the Federation and to submit them to the Council and the Board of Trustees;  to nominate and review the appointment or re-appointment of the external auditors. Chairman: Members:

Mr. Bob Tan Ms. Kristin Paulson Mr. Simon Cheong Mr. David Conner Mr. Hans Joachim Ihrcke

Chairman: Co-Chairman: Members:

Mr. Barry Desker Mr. Koh Boon Hwee Mr. Jung Young Soo Mr. Michael Cheok Mr. Philip Forrest Mr. Mark Hong Mr. Philip Ng Mr. Freddy Lam Mr. V. K. Rajan Mr. Tan Seng Chai


Singapore Business Federation Annual Report 2008

Members Relations Committee The Members Relations Committee oversees SBF’s work in building up close relationships with our member companies. The committee approves all voluntary membership applications, procedural programmes, and administrative issues pertaining to membership matters. The committee is also tasked to develop close working relations with all the major chambers and business associations that are SBF’s constituent members so as to enhance the organisation of the business community in Singapore. Chairman: Members:

Mr. Tang Kin Fei Mr. Cheng Wai Keung Dato’ Mohd Zain Abdullah

The Committee was set up to review, advise and make recommendations on commercial ventures relating to the core business of SBF that would be suitable for the Federation to invest or participate in. Chairman: Members:

Mr. Edwin Khew Mr. Desmond Hill Mr. Vijay Iyengar Dr. Robert Yap

Appointments and Remuneration Committee The Committee will help provide the SBF Council and Management with a more structured approval process on HR compensation matters and appointment of key personnel including:  To periodically review the adequacy of staffing for various units in the Federation.  To periodically review the remuneration packages and terms & conditions provided by the Federation, to ensure that it is in line with the Remuneration Policy and keeps pace with changes in the employment market.  To determine the overall Remuneration Policy of the Federation.  To approve the appointment, confirmation, promotion and termination of the Chief Executive Officer and Deputy Executive Directors.  To determine the annual increment and bonuses to be paid to the Chief Executive Officer and Deputy Executive Directors. Chairman: Members:

Mr. Cheng Wai Keung Mr. Tony Chew Mr. Bob Tan

SBF Committees 13


Singapore Business Federation Annual Report 2008

SBF Secretariat (as at 31 December 2008)

CEO

ABAC Singapore Secretariat Quek Shiyun Executive

Teng Theng Dar Chief Executive Officer

Alvyn Lim Project Executive

Global Business Group ASEAN, China, South & North Asia Edith Cheong Loong Lai Yong Assistant Executive Director Executive, ASEAN Boey Keng Chew Director, China & North Asia

Sherly Executive, ASEAN

Juliana Giam Deputy Director, ASEAN

Paulna Tan Executive, ASEAN

Alan Tan Deputy Director, ASEAN & South Asia

Ada Liu Executive, China & North Asia

Poh Ching Kiong Executive, China & North Asia

Rafiliah Rahim Assistant Executive

Teo Chi Howe Senior Executive, South Asia Americas, Middle East & Africa, Europe & Oceania Martin Yuoon Lim Shuzhen Assistant Executive Director Executive Cody Lee Director

Elizabeth Boon Executive

Renee Koh Assistant Director

Claire Lim Assistant Executive

George Chan Senior Executive

Zann Chua Assistant Executive

14 SBF Secretariat

Hilda Ng Administration Executive

Corporate Communications Gerald De Cotta Director

Rachael Fong Executive

Member Relations Group Cheryl Kong Assistant Executive Director

Members’ Survey & Feedback

Mabel Tang Senior Manager

Neo Ban Leng Executive

Member Activities Siow Ching Ching Manager Cindy Chua Executive Daphne Phoa Assistant Executive Ng Su Ling Assistant Executive Siti Zubaidah Binte Ahmad Assistant Executive


Singapore Business Federation Annual Report 2008

Capacity Building Group

Corporate Services Division Finance

Rita King Senior Director

EnterpriseOne Business Information Services

Marketing

Sally Lim Manager

Winnie Tan Deputy Director, Finance & Accounts

Omana Wuni Menon Executive

Dominic Sim Accountant

Lynn Chang Sales & Marketing Associate

Ghedy Prawiro Accounts Assistant

Enterprise Development

Leong Syt Iyee Sales & Marketing Associate

Razima Binte Yahya Accounts Assistant

Eady Ng Assistant Executive

Belle Luo Assistant Executive

Donny Lim Marketing Executive Cheyenne Teo Marketing Executive

HR & Admin Tan Hwee Ting Senior Executive Bernice Wong Assistant Executive Huang Simin Assistant Executive Ramlah Mohamed Receptionist cum Admin Assistant Zainal Abidin Bin A. Wahid Driver-cum-Office Assistant

Information Technology Johnny Song Manager

Industry Development & Corporate Services Lim Chai Boon Deputy Executive Director

Evon Cheng Executive (Web Design) Joshline Rajkumar Analyst Programmer Oh Khiam Beng Support Engineer Samsuri Bin Mohamed Jalil Support Engineer

Industry Development Patrick Chan Director

SBF Secretariat 15


Singapore Business Federation Annual Report 2008

SBF Mission and Vision

MISSION Facilitate business-related government relations to enhance pro-enterprise business environment

Partner businesses to enhance competitiveness through capacity building

Support businesses to access international business opportunities

STRATEGIC FOCUS 16 SBF Mission and Vision

Act as the bridge between the government and business in Singapore to create and enhance a conducive business environment. SBF represents the business community in bilateral, regional, multilateral fora for the purpose of promoting trade expansion and business networking.


Ca pa

s&

Member Rela tion

Partner businesses to enhance competitiveness through capacity building

p

Facilitate business-related government relations to enhance pro-enterprise business environment

rou ing G

As APEX business chamber, SBF will be the voice of the Singapore business community locally and to the world, and create business value for its members.

e vic

p rou G s

uild yB cit

VISION

Se r

Singapore Business Federation Annual Report 2008

Support businesses to access international business opportunities

Glob al Business Group

STRUCTURE TO SUPPORT MISSION SBF Mission and Vision 17


Singapore Business Federation Annual Report 2008

REVIEW OF 2008

In Focus... 2008 was an eventful year for SBF. Its three-pronged focus of representing the voice of the business community, helping members build capability and resilience, and facilitating their efforts to tap into business opportunities was instrumental in assisting members with their business needs and aspirations. The second half of the year saw the federation step up its efforts to help members make sense of, and ride out the global economic slowdown amid concerns over high business costs.


Singapore Business Federation Annual Report 2008

Voice Representation, Capacity Building and Business Facilitation 275 activities benefitting 29,233 participants SBF organised and supported 275 activities and programmes in 2008 including seminars, workshops, overseas missions, dialogue, networking and business matching sessions benefitting 29,233 participants.

S$340 million worth of deals attributed to SBF’s business facilitation efforts SBF continued to help members with business facilitation efforts in new and emerging economies in the Middle East and Africa, ASEAN, North and South Asia, Latin America and Europe. Business links were established with new markets including Libya and the Democratic People’s Republic of Korea (North Korea), whilst linkages were strengthened with counterpart chambers, companies and government agencies in countries where SBF has developed rapport. SBF’s business facilitation efforts helped members clinch S$210 million worth of deals in 2008, with another S$130 million under negotiation. Aside from overseas expansion, SBF also sought to apprise members of business opportunities in emerging sectors such as clean and renewable energy and franchising.

Briefing on Budget 2008, 24 March 2008

Bahrain Business Seminar, 15 October 2008

Mission to Libya, 5 – 13 April 2008

Mission to Chongquing & Wuhan, 20 – 27 April 2008

Review of 2008 19


Singapore Business Federation Annual Report 2008

Helping members find their collective voice in government and internationally As apex chamber, SBF represented the voice of the business community in dialogue with the government and at regional and multilateral fora such as ASEAN, APEC and the International Chamber of Commerce. Key national policy briefings and dialogue sessions in 2008 included the pre and post Budget 2008 feedback sessions, National Security Dialogue and National Wages Council Guidelines 08/09. The worsening global economic and business environment in the later half of the year prompted SBF to facilitate a meeting between the leaders of the Singapore business community and the Ministry of Trade & Industry as well as Ministry of Finance to discuss the difficulties faced by companies in regard to business costs and cash flow. The resilience package unveiled in Budget 2009 had gone some way to help alleviate these concerns.

National Security Dialogue

Assisting companies to build capability and resilience SBF also stepped up its efforts to help members to build capacity and resilience through initiatives such as the EnterpriseOne Business Advisory Services, Mentorship Program, SME & Markets Help Desk and BizXchange, an online business directory. By Q3 2008, recognising that it would be a challenging period ahead for businesses, SBF launched a quarterly series of business briefings on business outlook and sentiments, as well as cost and risk management to help members come to terms with the rapidly changing operating environment.

Business Continuity Management Seminar 20 Review of 2008

Mentorship Program

ASEAN Economic Community 2015 Seminar

Other developments In other developments, the SBF Council and Board of Trustees approved SBF’s acquisition of the intellectual property rights to Global Entrepolis Singapore (GES) from the Economic Development Board. The acquisition will enable SBF to organise and manage a range of business conventions and exhibitions under the GES umbrella. Separately, in line with the practice of good governance, SBF Secretariat staff were briefed by CEO Teng Theng Dar on the SBF Code of Conduct. All staff were advised to adhere strictly to the code in the course of their work and when dealing with members, business partners, vendors and other third parties.


Singapore Business Federation Annual Report 2008

Representing the Voice of Business In 2008, SBF organised a wide range of programmes from seminars, briefings and workshops to member outreach surveys, dialogue sessions and forums to inform, garner views and represent the voice of the business community to government, world business chambers and at international fora. SBF’s engagement of its members in Q4 2008 via two business outlook surveys, feedback sessions and a pre-Budget 2009 dialogue validated concerns regarding high operating costs and the availability of credit lines. This prompted SBF to facilitate a meeting between the leaders of the Singapore business community and the Ministry of Trade & Industry and Ministry of Finance for a better understanding of the needs of businesses and the challenges they face.

Briefing on Budget 2008, 24 March 2008

SME Financial Management Seminar, 30 September 2008

a. Key Outreach Activities Notable activities during the year included:  the National Security Dialogue in May  the launch of the SBF – SPRING organised by SBF in partnership with the Singapore Financial Management National Security Coordination Secretariat Series of quarterly seminars in at which Prof S Jayakumar, Deputy Prime September at which industry Minister and Coordinating Minister for National experts shared best practice on Security, delivered the keynote address. cost and risk management.

 the launch of the Business Outlook and Sentiment Series of quarterly seminars in October to update members on the local and regional economies and to brief them on initiatives such as the government’s loan financing scheme for companies. Review of 2008 21


Singapore Business Federation Annual Report 2008

 the pre-Budget 2009 Dialogue in November organised by SBF, REACH (formerly known as the Feedback Unit) and Ministry of Finance to gather views from the business community in preparation for the Budget Statement.  CEO Boardroom Talk helmed by outgoing SBF Chairman, Mr. Stephen Lee on reflections on the NWC Guidelines 08/09 in June.  the dialogue with Dr. Kenchi Ohmae on Growing Singapore’s Business and Investment Hub for Competitive advantage  two SBF Business Voice & Sentiment Surveys in Q4, the results of which provided the motivation for SBF to facilitate a meeting between the business community and the Ministry of Trade & Industry and Ministry of Finance on the concerns and challenges that businesses were facing.

Briefing on Amendments to the Employment Act, 26 November 2008 22 Review of 2008

b. Advocacy and Tripartism The advocacy and tripartite process of businesses working in alignment with government and the unions to enhance the business and operating environment was evident in the following policy briefings:  Briefing on Proposed Work Injury Compensation Act (January)  Members’ Dialogue on Guidelines for Audit Committee (February)  Singapore Tripartism Forum – Dialogue on Employment & Employability Challenges (April)  Briefing on National Wages Council Guidelines 08/09 (May)  Employers Briefing on First One-Stop Information Portal for Re-employment (August)  Work – Life Conference 2008 (August)  Briefing on Proposed Amendments to the Employment Act (September)  Briefing on Enhanced Marriage & Parenthood Package (September and October)  Pre-Budget 2009 Dialogue Session (November) These events were attended by 7,378 participants.

c. Regional/Multilateral Cooperation Asia Pacific Economic Cooperation (APEC) Meeting SBF participated at the APEC meeting in Peru in November which was attended by Prime Minister Lee Hsien Loong. In conjunction with the meeting, SBF led a 14-man business delegation to evaluate possible partnerships with their Latin American counterparts in Peru, Brazil and Chile. SBF Chairman Tony Chew noted that “as a non-traditional market, Latin America offers great potential as many of the sectors are still in the emerging or infant stage of growth.” Singapore’s trade with the region grew 13.7 per cent to US$8.89 billion in 2007.


Singapore Business Federation Annual Report 2008

APEC Business Advisory Council (ABAC) Under the ABAC 2008 theme “Mind the Gap: Making Globalisation an Opportunity for All”, the business-led council conducted a series of meetings to address issues pertinent to the APEC business community. ABAC represents the private sector consultative arm of the Asia-Pacific Economic Cooperation. The Singapore ABAC members are Mr. Teng Theng Dar, (also Co-Chair of ABAC 2008), Ms Chong Siak Ching, (also Co-Chair of the Liberalisation Working Group), Mr. Ng Ser Miang (till November 2008) and Mr. Tang Kin Fei (from November 2008). SBF serves as the ABAC Singapore Secretariat and provides support to the ABAC Singapore members at ABAC meetings as well as at various APEC Senior Officials and Working Group meetings.

At the conclusion of the 2008 ABAC meetings, Singapore assumed the Chairmanship of ABAC, with Mr. Teng Theng Dar serving as Chair of ABAC 2009, Ms Chong Siak Ching as Chair of the APEC 2009 CEO Summit and Mr. Tang Kin Fei as Co-Chair of the Sustainable Development Working Group. ABAC’s recommendations to APEC Leaders were presented at the Annual ABAC Dialogue with Leaders in Lima in November 2008, and subsequently reflected in the 2008 APEC Leaders Declarations.

The key issues raised were:  An urgent need for a successful conclusion of the suspended Doha Development Agenda.  Recognition of the excellent opportunity for Pacific regional integration, with the Free Trade Area of the Trans-Pacific a feasible path towards achieving the Bogor Goals.  A call to APEC Leaders to improve confidence in the credit and capital markets to avoid future financial market turmoil.  A call to APEC to continue to make SME development a priority given the vital role that they play in APEC economies.  To resist protectionist measures and inject substantial fiscal stimulus to help revive the ailing global and regional economies. Through the ABAC process, businesses can look towards improved market access in the AsiaPacific region, and further reduction in business costs by way of:  Greater trade and investment liberalisation and facilitation.  Increased ease of doing business via structural and regulatory reform  Enhanced connectivity through improvement of trade logistics and supply chains.  Increased support for SMEs in capacity building and financing.

2008 ASEAN Business & Investment Summit & ASEAN Business Awards

The 2008 Summit held in Bangkok in February 2009, saw the call by the ASEAN Business Advisory Council, of which SBF Council Member, Mr. Robert Yap is the Co-chair, for the grouping to recommend to the ASEAN Leaders that an ASEAN fund be created to allow companies ready to go regional and global to have access to affordable financing. At the ASEAN Business Awards (ABA), held as part of the Summit, five Singapore companies vied for honours alongside 23 other finalists from the region. Three of the Singapore finalists – Keppel Offshore and Marine Limited (Larger Size Companies – Employment), Network Express Courier Services Pte Ltd (SMEs – Employment), and Cherie Hearts Group International Pte Ltd (SMEs – Growth) emerged winners in their respective categories. As the Secretariat of ASEAN-BAC Singapore, the Singapore Business Federation (SBF) was instrumental in facilitating the entries of Singapore companies for this award.

Review of 2008 23


Singapore Business Federation Annual Report 2008

ASEAN Economic Community 2015 In an effort to create greater awareness of the ASEAN Economic Community (AEC) Blueprint among its members, SBF organised a forum in September 2008 on AEC’s impact on business, public-private sector collaboration and benefits to SMEs. The ASEAN business community, through the ASEAN

Business Advisory Council (ASEANBAC), is working closely with the ASEAN governments to facilitate business growth in ASEAN via schemes such as ASEAN Pioneer Projects Scheme. SBF, as the secretariat to Singapore’s three representatives to ASEAN BAC, is fully supportive of this initiative.

East Asia Business Council

In his keynote address, Mr. Lim Hng Kiang, Minister for Trade and Industry, told his audience of 150 senior executives from SMEs and large corporates that the forum was a useful platform for them to discuss and look at effective ways to play a key role in the AEC initiative. “It is important to us that you benefit from our initiatives, and that you remain actively engaged in the development and growth of ASEAN as an economic community” he added. Other speakers at the forum included representatives from the ASEAN Secretariat, ASEAN-BAC, SBF and McKinsey & Co.

International Chamber of Commerce SBF is a National Committee of The International Chamber of Commerce (ICC). ICC is an International body with National Committees in more than 130 countries. It comprises 15 Commissions that shape the chamber’s public stance on different global issues.

At its meeting on 16 January, 2009 in Bangkok, the East Asia Business Council (EABC) discussed the ASEAN+3 Co-operation Work Plan and the global economic crisis. Following the meeting, EABC submitted its recommendations to the Prime Minister of Thailand for the consideration of ASEAN+3 Leaders. 24 Review of 2008

EABC urged the ASEAN+3 Leaders to strengthen and institutionalise existing regional initiatives such as the Chiang Mai Initiatives and Asian Bond Markets. EABC called for long term reforms, including new and bolder measures to enhance resilience and to build a stronger regional financial system.

As the world’s premier business organisation, ICC has helped to open markets and build a rules-based global economy, written rules for international trade, resolution of commercial disputes and served as spokesman for the business community whenever government decisions affect the bottom line. SBF organises ongoing ICC-related trading seminars as well as markets ICC publications to companies.


Singapore Business Federation Annual Report 2008

Helping Businesses Build Capacity and Resilience During the year, SBF’s Capacity Building Group and Industry Development Department partnered member companies to enhance their competitiveness through capacity building services such as the EnterpriseOne Business Advisory Services, Global Sourcing Hub, Mentorship Program and SME & Markets Help Desk. Separately, SBF’s Member Relations Group organised a wide range of trade, human resource, tax and financial management seminars and workshops in collaboration with knowledge partners to impart best practice to members. By Q3 2008, recognising that it would be a challenging period ahead for businesses, SBF launched a quarterly series of business briefings on business outlook and sentiments, as well as cost and risk management to help members come to terms with the rapidly changing operating environment.

EnterpriseOne Business Information Services (EBIS) Launched in August 2007, EBIS is a comprehensive business information and advisory service that enables companies, in particular SMEs, to access a suite of services to equip them with the knowledge and skills to compete effectively in the local and global marketplace. As a key platform of the capacity building process, EBIS enables SMEs to obtain customised business intelligence and leads, empowers them with business learning and networking opportunities through industry workshops and networking activities, and is a source of monthly newsletters with updates on global and industry trends. More than 1,450 SMEs benefitted from EBIS in 2008. Review of 2008 25


Singapore Business Federation Annual Report 2008

Clean Energy Business Group (CEBG) SBF works closely with the Sustainable Energy Association of Singapore, the industry lead for clean and sustainable energy, in the development of the clean energy industry through joint events and initiatives. SBF initiated the formation of the Clean Energy Business Group (CEBG) for member companies interested in the adoption and/or commercialisation of clean energy solutions. Its aim is to connect interested companies to various industry verticals, technology partners; help link them to business leads in the clean energy sector and facilitate tapping into available schemes, incentives and sources of funding for their clean energy plans. Areas of focus include adoption and/or commercialisation of fuel cell, solar energy and other cleantech & energy efficient solutions in areas such as Green Building and Facilities Management, Environmental Management, Green IT/Data Centre, Sustainable Energy Manufacturing and Sustainable Energy Business Practices. It is estimated that more than 90% of SBF’s 15,000+ member companies are potential adopters of clean energy and energy efficiency solutions. Many of the big users of power and energy are from sectors such as construction and property, manufacturing, banking & finance, telcos, transport and logistics and data centres which can benefit from clean energy and energy efficiency solutions that reduce business costs and the adverse impact on climate change.

26 Review of 2008

Clean Energy Testbedding Community (CETC) One of the first major initiatives of the CEBG is the collaboration with Temasek Polytechnic (TP) to establish the Clean Energy Testbedding Community (CETC) aimed at business and technological cooperation to test bed and pilot Fuel Cell (FC) and other Clean Energy Technologies (CET). The CETC, supported by EDB, was officially launched on 20 January 2009. It taps on the Fuel Cell Community (FCC) of TP to provide the facilities and technologies for test-bedding and piloting fuel cell, solar energy and other clean energy applications for eventual adoption. With the setup of the CETC, interested CEBG members will thus be provided with the clean energy adoption knowledge, access to technical support and potential business opportunities and partners in this area. Key outcomes of CETC in 2008 include:  the inauguration of the first CETC Business Facilitation series in October targeting at Green Building and Facilities Management  securing the support of EDB as a partner for CETC  securing the support of SPRING Singapore as a funding partner for CETC  facilitation of various company and project meetings involving solution providers and adopters/user companies, as well as two business roundtables to facilitate the renewable energy projects at Pulau Ubin by Energy Markets Authority and clean energy solutions for Sino-Singapore Tianjin Eco-city.


Singapore Business Federation Annual Report 2008

Singapore Sustainable Development Industry Directory In November, SBF launched the inaugural edition of the Singapore Sustainable Development Industry Directory, comprising a comprehensive list of more than 300 companies across more than 30 different sustainable development industry sub-sectors focused on green practices and in the business of providing clean and green solutions. The directory, published by Singapore Business Federation and supported by EDB, IE Singapore, NEA and SPRING Singapore as well as other business and industry partners, aims to generate greater consciousness and interest towards Sustainable Development and serves as an enabling platform to facilitate, promote and support green business opportunities.

Green IT Survey SBF initiated a Green IT Survey with Institute of System Science – National University of Singapore as the consulting partner in 2Q 2008. The objectives of the Survey were:  determine Singapore companies’ current level of interests, adoption and implementation plans in Green IT & Computing.  determine the estimated market value of cost savings from IT energy efficiency at business, industry and general economy level.  derive critical information to roll out an effective implementation and follow-up plan for a national Green IT industry campaign.

The survey drew more than 330 responses and the results were presented to National Environment Agency (NEA), Infocomm Development Authority of Singapore (iDA) as well as the Green IT Standards Technical Committee of SPRING Singapore to help them in devising further industry development and assistance and incentive programmes for companies in the adoption of green IT. As a follow-up, SBF will engage in outreach programmes to help more Singapore companies leverage on the Green IT incentive and assistance schemes of NEA and IDA. It will also work with business and industry partners to raise awareness and facilitate business opportunities in areas including green data centres, cost management via office productivity solutions, the use of IT in sustainable manufacturing, logistics and supply chain sectors as well as in buildings and facility management.

Review of 2008 27


Singapore Business Federation Annual Report 2008

Networking and Business Facilitation SBF’s business facilitation efforts in 2008 enabled its members to tap into S$210 million worth of deals with another S$130 million under negotiation. During the year, SBF led and supported 13 overseas missions and received 49 visiting delegations comprising business and government representatives from 22 countries. The business dialogue, information sharing, networking and business matching sessions that resulted from these outbound and inbound visits benefitted close to 3,600 members.

Visit by Crown Prince of Bahrain, 15 October 2008

SBF continued to help members to explore new and emerging economies in the Middle East and Africa, ASEAN, North and South Asia, Latin America and Europe. Business ties were established with new markets including Libya and the Democratic People’s Republic of Korea (North Korea), whilst linkages were strengthened with counterpart chambers, companies and government agencies in countries where SBF has developed rapport. 28 Review of 2008

Visit by Minister of External Relations of Brazil, 29 February 2008

In 2008, SBF was privileged to welcome distinguished visitors including His Highness Shaikh Salman bin Hamad AlKhalifa, Crown Prince of the Kingdom of Bahrain; H.E. Ambassador Celso Amorim, Minister of External Relations, Brazil; His Excellency Dr. Mahmoud Mohieldin, Minister of Investment of the Arab Republic of Egypt; Tan Sri Muhyiddin Yassin, Minister of International Trade & Industry, Malaysia; Mr. Paavo Väyrynen, Minister for

Foreign Trade and Development, Finland and Mr. Ri Ryong Nam, Democratic People’s Republic of Korea Foreign Trade Minister, amongst others. The combined incoming and outgoing business delegations and missions benefited some 3,600 SBF members by way of business roundtables, briefings, networking and business matching sessions.


Singapore Business Federation Annual Report 2008

ASEAN

INDONESIA

Highlights of activities by the SBF ASEAN Desk include:

Projects Briefing and Investment Facilitation (17 September)

MALAYSIA Conference on Business Opportunities in Malaysia (12 August) This is the fourth annual conference since 2005 aimed at apprising members of the business and investment opportunities in Malaysia. Jointly organized by SBF, MITI, MIDA and MATRADE, the event included a dialogue session moderated by SBF Chairman, Mr. Tony Chew at which Mr. Lim Hng Kiang, Minister for Trade & Industry and his Malaysian counterpart, Tan Sri Muhyiddin Yassin, Minister of International Trade & Industry fielded questions from participants. The event provided the close to 1,000 participants with good networking opportunities at the business matching session and insights into Malaysia’s future development plans, including incentives to woo foreign investors.

Briefings on Iskandar Malaysia (21 May) SBF organised a post-mission dialogue session on Iskandar Malaysia, chaired by Mr. VK Rajan (who led the initial mission) which benefited 36 participants, including SBF members who were unable to join the actual mission. It was also a useful session for mission delegates who had follow-up investment enquiries which SBF was able to facilitate by linking them to the relevant authorities. SBF also supported a seminar by SiLC (Southern Industrial and Logistics Clusters) of Nusajaya in June which provided some 350 participants from the local business community with the latest updates on the business and investment opportunities in Nusajaya.

This event provided some 40 participants with detailed information on 15 investment projects in Jakarta, Banten, West and East Java worth USD 1.1 billion. There was also a briefing on the new Indonesian investment law and how it will provide a more conducive environment for foreign investors, as well as the financing tools available for investing in Indonesia. Participants found the projects briefing fruitful and a good opportunity to network.

Networking Session: Batam, Bintan and Karimun (BBK) (20 June) & Maluku Islands (5 August) SBF organised a post-mission briefing on the BBK Special Economic Zone in June to share its assessment on the business environment and potential investment opportunities as well as elicit feedback from delegates to facilitate informed business decisionmaking. The briefing on Maluku was to deepen the participants’ knowledge on tourism investment opportunities and procedures of doing business there. The briefing also facilitated networking with the head of Maluku Provincial Tourism Board and Maluku government officials. Eighty three participants benefited from these two events. Review of 2008 29


Singapore Business Federation Annual Report 2008

Business Mission to Indonesia: Jakarta & Bekasi (10 – 14 November) The SBF-led business mission to Jakarta and Bekasi in partnership with BKPM (The Investment Coordinating Board Republic of Indonesia) enabled participating companies to get a better understanding of the ongoing developments in Jakarta and the business opportunities and projects in Indonesia. The mission was successful in helping our members to generate business contacts and identified partnerships and joint ventures. An estimated S$1.2 million worth of deals are expected to be concluded in the next 12 months.

Networking with Vietnam’s Leading Business Club (11 November) SBF hosted a business networking dinner for the visiting business delegation from Vietnam’s Leading Business Club – a club of leading entrepreneurs from Vietnam’s business community representing the most trusted and recognised company brands in Vietnam. 55 Singaporean and Vietnamese guests representing 44 companies benefitted from this networking session.

Business Mission to Hanoi & Ho Chi Minh (7 – 12 April)

VIETNAM Business Matching Session with Vietnamese Companies (17 November) The session was attended by 13 Vietnamese firms and 29 Singapore companies, comprising 33 and 47 senior executives respectively from the finance, engineering, construction and raw materials industry sectors. It was a useful platform for companies from both sides to expand their network of potential business partners, explore opportunities for collaboration and to gain a better understanding of the investment climate in Vietnam. More than 190 one-to-one contacts were established and S$16 million in sales was estimated to have been generated during the business matching session jointly organised by SBF and The World & Vietnam Report (W&V) of the Vietnamese Ministry of Foreign Affairs. 30 Review of 2008

SBF organised a business mission to Vietnam (Hanoi & Ho Chi Minh) in partnership with SembCorp Parks Management and International Data Group Vietnam. Eighteen delegates representing 15 companies visited the Vietnam Consumer Electronics Expo 2008, Vietnam-Singapore Industrial Park, met with officials from the Ministry of Planning & Investment and Investment and Trade Promotion Centre. They also had a networking session with the Singapore Business Group in Vietnam.


Singapore Business Federation Annual Report 2008

Doing Business in Vietnam cum Post-Mission Session (1 August) This “Essentials for Doing Business in Vietnam” seminar organised by SBF was supported by Sembcorp Parks Management, DHL Express, Khattar Wong Vietnam and EnterpriseOne Business Information Services (EBIS). Along with practical business information, this session provided the 93 participants with a comprehensive overview of Vietnam, including manufacturing opportunities, logistics and freight issues, various forms of foreign direct investments, financing options as well as key trends and upcoming developments. SBF also shared its findings from the SBF business mission to Hanoi and Ho Chi Minh in April 2008.

NORTH ASIA In 2008, SBF consolidated business ties with several established as well as emerging provinces in China including Guangdong, Chongqing, Wuhan and Nanning. It also enhanced contacts with both the Democratic People’s Republic of Korea and South Korea.

CHINA Business Mission to Chongqing and Wuhan (20 – 27 April) SBF and International Enterprise Singapore jointly led a delegation of 58 officials and business delegates from 30 companies and organisations for a networking and fact-finding mission to Chongqing and Wuhan in April. Mr. Lee Yi Shyan, Minister of State (Trade & Industry) led the mission.

MOU between SBF and CCPIT Guangdong (16 September) SBF inked an MOU with CCPIT Guangdong to establish the GSBEC aimed at promoting bilateral economic and trade cooperation between Guangdong and Singapore. The MOU was signed between SBF CEO, Mr. Teng Theng Dar and Chairman, CCPIT Guangdong Council, Mr. Chen Wen Jie, and was witnessed by Mr. Lim Swee Say, Minister in the Prime Minister’s Office and Guangdong Party Secretary Mr. Wang Yang during his visit to Singapore on 16 September 2008. To date, 21 Singapore companies including Keppel Logistics, ST Engineering, ST Electronics, UOB Kay Hian, Poh Tiong Choon and Chartered Institute of Technology have expressed interest to join the GSBEC and the council has started to provide our members with relevant information regarding the Guangdong development.

The mission delegates met with leaders of Chongqing, were briefed by senior officials on the business opportunities there and established useful contacts. A Chongqing-Singapore city planning networking session was also held. The idea of forming a small consortium among members to explore potential projects was mooted. SBF followed up to facilitate the interest of some members to evaluate projects in the leisure business, manufacturing (specialized cement), urban planning, education and IT among others. About $125 million worth of business deals and projects were considered by participating companies during and after the mission. Review of 2008 31


Singapore Business Federation Annual Report 2008

China Guangdong-Singapore Business Conference 2008 (14 – 17 September)

5th China-ASEAN Expo (CAEXPO) Nanning, Guangxi (22 – 25 October)

SBF supported this conference at which Guangdong Party Secretary Wang Yang, led some 450 Guangdong senior officials and entrepreneurs to Singapore to promote bilateral investment and trade relations between Singapore and Guangdong. The event was attended by 1,800 participants, including Singapore businessmen. SBF will provide assistance to link its members with the relevant Guangdong authorities and business contacts.

SBF led Singapore’s participation at the 5th CAEXPO in Nanning, Guangxi aimed at promoting economic and business cooperation between China and Singapore. Through the hosting of CAEXPO, more Singapore companies have become aware of the potential of Nanning and Guangxi. Some 20 Singapore SMEs are currently operating in Nanning.

DEMOCRATIC PEOPLE’S REPUBLIC OF KOREA & SOUTH KOREA MOU Signing between SBF and DPRK Chamber of Commerce (2 December) Mr. Tony Chew, Chairman of SBF and Mr. Ri Hak Gwon, Chairman of DPRKCC, inked an MOU to facilitate information exchange and the exploration of business opportunities to promote bilateral trade between Singapore and Democratic People’s Republic of Korea. The signing, witnessed by Singapore’s Minister for Trade and Industry, Lim Hng Kiang, and DPRK Foreign Trade Minister, H.E. Ri Ryong Nam, was preceded by the signing of an Investment Guarantee Agreement between the governments of the two countries.

32 Review of 2008


Singapore Business Federation Annual Report 2008

Seminar on Investment and Business Opportunities in the Democratic People’s Republic of Korea (DPRK) (1 December)

Business Mission to DPRK and follow up Roundtable (10 – 15 May) SBF supported the business mission organized by IE Singapore which accompanied Minister for Foreign Affairs George Yeo’s visit to the Democratic People’s Republic of Korea (DPRK) in May. This first official mission was significant in view of DPRK celebrating the 60th anniversary of its founding. The delegates from the eight participating companies were positive about the business prospects in DPRK once its restrictive business environment has improved. SBF facilitated the request of some delegates to explore business opportunities by linking them with the relevant DPRK authorities. As a follow up, SBF and IE Singapore jointly organised a post-mission DPRK Business Roundtable in August that provided 22 participants from 17 companies with insights on business opportunities in DPRK, especially in sectors such as textiles, ICT, and trading. Ted Tan, Deputy CEO of International Enterprise Singapore and three speakers from the business mission shared their findings and experiences about doing business in DPRK.

This is the first business seminar ever to be organised on DPRK, in conjunction with the official visit of the DPRK Foreign Trade Minister Ri Ryong Nam to Singapore. Officials from the Korea Foreign Investment Board and DPRK Chamber of Commerce briefed some 60 participants on the country’s economic, investment and trade environment, and highlighted business and investment opportunities available to Singapore companies in industries such as mining, agriculture and manufacturing. The participants responded positively to SBF’s impromptu survey regarding joining its business mission to visit DPRK’s Spring Trade Fair in May 2009.

SBF-KITA Business Matching Session (17 March & 11 June) SBF and the Korea International Trade Association (KITA) Singapore representative office jointly organised two business networking sessions between 20 Korean and 61 Singapore companies in March and June to facilitate exploration of business opportunities and partnerships. KITA officials and all participants were pleased with the contacts made at the sessions and looked forward to more such events in the future.

Review of 2008 33


Singapore Business Federation Annual Report 2008

SOUTH ASIA

Seminar on Business & Investment Opportunities in Sri Lanka (22 August)

Mission to India (19 – 24 April)

SBF and the Federation of Indian Chambers of Commerce & Industry jointly organised a business mission to India to enable delegates to learn about the largely untapped tourism market there and to explore partnerships with India operators. The mission was in conjunction with the Great India Travel Bazaar in Jaipur, Rajasthan, sponsored by Department of Tourism, Rajasthan and the Indian government.

Singapore tour operators were able to meet with owners of boutique hotels, spas and recreational establishments and came away better equipped to design customized tour packages to India. The delegates shared that the mission had generated useful business contacts and facilitated exploration of possible partnerships and joint ventures.

This briefing organised by SBF enabled the visiting government officials and business people from Sri Lanka to update our local businessmen on the country’s political and economic situation. Additionally, the 52 participants picked up valuable tips from long established Singaporean companies operating in Sri Lanka, such as Prima Foods and Shing Kwan Group. Overall, participants were pleased with the candidness of the speakers and encouraged by the improvement in the political situation in Sri Lanka. A few companies discussed with the visitors the feasibility of starting partnerships and distributorships in the country.

Seminar on Navigating India’s Booming Economy – Opportunities in the Goods Trading and Food & Beverage Sectors (14 August & 24 October)

Seminar on Business & Investment Opportunities in Bangladesh (19 June)

The Goods Trading seminar enlightened 35 participants on the opportunities available in the goods trading sector in India. It also provided valuable insights on how companies can leverage the Comprehensive Economic Cooperation Agreement to improve their trading activities, and how the logistics environment in India affects their business operations.

The objective of the seminar was to educate companies on the broad overview of the Bangladesh economy and the opportunities available in selected sectors, such as infrastructure, chemicals and electronics. Some companies expressed interest to start greenfield operations to cater to the needs of the growing marketplace.

34 Review of 2008

At the Food & Beverage seminar, 52 participants were able to pick up valuable tips on the taxation and legal framework and the prospects of competing with the domestic beverage companies in India. Speakers at the seminar, including from Asia Pacific Breweries, shared key insights about the dynamics of the Indian market and how they overcame the challenges of operating there.


Singapore Business Federation Annual Report 2008

Other South Asia Activities Some of the other South Asia activities organised during the year included:  Singapore-India Partnership Foundation – 2nd Annual General Meeting (4 April)  Business Mission to India (Gujarat & Kerala) (17– 24 June)

 Economic Roundtable on Nepal with visiting MP Mr. Binod Chaudhary (16 October)  Investment Conference on Gujarat (22 October)

 4th International Conference on South Asia – Challenges of Economic Growth, Inequality and Conflict in South Asia (24 November)

MIDDLE EAST & AFRICA Business Mission to Qatar & UAE (29 January – 3 February) SBF’s Middle East Business Group (MEBG) led a 38-member business mission to accompany Senior Minister Goh Chok Tong on his official visit to the two countries. It was the largest Singapore business delegation to visit the Middle East, comprising senior representatives from diverse industries. The highlight of the business mission was the inaugural Qatar-Singapore Business Forum (QSBF) in Doha, graced by H.E. Yousef Hussein Kamal, Minister of Finance, H.E. Dr. Mohamed Saleh Al-Sada, Minister of State for Energy, with SM Goh as the Guest of Honour. The QSBF was jointly organised by the Qatari and Singapore governments and business communities, with SBF and the Qatari Businessmen Association (QBA) fronting it. Attended by 150 top government officials and business leaders from both countries, the forum witnessed the inking of three cooperation agreements. Besides the MOU between SBF and QBA to facilitate exchanges and explore business opportunities to spur bilateral trade between the countries, the QBA also signed an MOU with SPRING Singapore to facilitate exchanges of experience on the development of SMEs. The third MOU was signed between Qatar Investment Authority (QIA) and Keppel Corp, by which QIA becomes the first partner in the Tianjin eco-city project developed by Singapore and China. The QSBF helped to profile Singapore’s business competence and open doors for possible collaborations between Singapore businesses with the Qatari and Emirati counterparts. The mission helped delegates to generate $17.5 million worth of business deals.

Business Mission to Libya (5 – 13 May) This business mission was organised in conjunction with the official visit by Senior Minister Goh Chok Tong to Libya. The business mission was led by Mr. Teng Theng Dar, Chief Executive of Singapore Business Federation and comprised 19 senior representatives from diverse industries. The highlight of the visit was the LibyaSingapore Business Networking Dinner attended by SM Goh Chok Tong and H.E. Abd Al-Hafidh Zalitni, Deputy Prime Minister of Libya, at which an MOU was signed between SBF and the Libyan Businessmen Council (LBC) to facilitate exchanges and the exploration of business opportunities, to spur bilateral trade between both countries. The mission delegates also attended briefings organized by the relevant Libyan ministries and government agencies, and participated in the business-matching session. The mission helped to expedite the process and conclusion of a three-year S$175 million water and waste water infrastructure contract for mission participant, Boustead Singapore Limited. The company had been negotiating the deal since 2007. Review of 2008 35


Singapore Business Federation Annual Report 2008

Launch of the MEBG Partnership Programme (15 October) SBF launched the second phase of its business platform, the Middle East Business Group (MEBG) in conjunction with the visit to Singapore by His Highness Shaikh Salman bin Hamad Al-Khalifa, Crown Prince of the Kingdom of Bahrain.

Attended by more than 100 business leaders, the launch of the MEBG Knowledge Partners Programme was to introduce new key initiatives for MEBG’s next phase since its founding in 2007. This initiative was in response to members’ feedback on the need to understand the market and business environment better through sharing of market knowledge and expertise for purposes of overseas expansion. The Knowledge Partners Programme aims to enhance MEBG members’ access to advisory services through a pool of knowledge partners on various areas of legal, accounting and taxation, financial and cultural aspects of doing business in the Middle East and North Africa (MENA) region. 36 Review of 2008

MOUs were signed with the following partners:  WongPartnership (legal)  KPMG (accounting and taxation)  Ameen Talib and Associates (knowledge of ME culture) In addition, vice-chairmanship appointments were presented to key markets champions in recognition of their commitment to support the Singapore business community's foray into the MENA region with their business experience and professional expertise. The appointments were as follows: MEBG Vice Chairmen 1. Dato’ Mohd Zain Bin Abdullah, Executive Chairman of Prestige Marine Services Pte Ltd and President of the Singapore Malay Chamber of Commerce and Industry 2. Mr. Shabbir Hassanbhai, Director of Indo Straits Trading Co Pte Ltd and Singapore High Commissioner to Nigeria 3. Mr. Wong Meng Meng, Senior Counsel and Founder-Consultant of Wong Partnership LLP

Seminar on Business Opportunities in Iran (7 August) Following the visit to Tehran by H.E. Gopinath Pillai, Singapore’s Non-Resident Ambassador to Iran in September 2007, SBF extended an invitation to the Iran Chamber of Commerce Industries and Mines (ICCIM) to visit Singapore with a business delegation.

H.E. Dr. Mohammad Nahavandian, President of the ICCIM led a 18 strong business delegation comprising prominent heads of Iranian companies representing the tourism and hotels, oil and gas, transport, petrochemical, general trading, construction, agro-industries trading, services and retail sectors.

The business opportunities in Iran seminar and business matching session attracted 110 participants. The dialogue session, moderated by SBF Council Member Mr. Tang Kin Fei drew friendly banter from the business community about the business opportunities that are available in Iran, the banking issues that impede trade and travel restrictions. The visit by ICCIM marked an important step towards the strengthening of bilateral business ties between Iran and Singapore through the B-to-B linkage fronted by SBF. The seminar was a useful platform for our companies to seek clarification and practical advice on how to do business in Iran, including how to overcome regulatory impediments. The business matching session provided our businessmen the opportunity to establish useful contacts with their Iranian counterparts.


Singapore Business Federation Annual Report 2008

Investment Climate and Business Opportunities in Egypt (14 August)

This seminar was organised in conjunction with visit of His Excellency Dr. Mahmoud Mohieldin, Minister of Investment of the Arab Republic of Egypt, and a high level official and business delegation. Mr. Zainul Abidin Rasheed, Senior Minister of State, Ministry of Foreign Affairs of Singapore and advisor to the SBF Middle East Business Group hosted the visitors.

Dr. Mahmoud Mohieldin briefed some 80 members of the local business community on the current business environment and opportunities in Egypt. In addition, participants were also updated on the opportunities in Uganda, Swaziland and Rwanda by the respective chairmen of the Common Market for Eastern and Southern Africa.

A Memorandum of Understanding was signed between Singapore Business Federation (SBF) and General Authority for Investment and Free Zones (GAFI) Egypt to create a consolidated B-to-B platform that will strengthen MEBG’s cause in facilitating business flow into the MENA region.

Dialogue with H.E. Alfadhel Al-Harthy, Omani Undersecretary For Development Affairs, Ministry of National Economy (20 August) SBF co-organised a dialogue session for H.E. Alfadhel Al-Harthy, Omani Undersecretary For Development Affairs Ministry of National Economy, Oman to discuss investment opportunities in the Sultanate of Oman attended by 20 prominent local business leaders representing the E-government, property development, IT, education, business solutions and tourism sectors.

The participants were briefed on the latest developments and business opportunities in Oman, and were told that the Omani government is committed to attracting investors as it embarks on its diversification program. This exclusive dialogue session enabled Singapore companies to present their interests and capabilities to the Omani leaders, especially for those currently pursuing projects in the Sultanate. Singapore companies seeking partnerships in Oman in airport logistics systems, e-government, quarrying and mining, marine and petrochemical, port operation and tourism promotion were some of the key sectors that presented their case to the Omanis. Review of 2008 37


Singapore Business Federation Annual Report 2008

LATIN AMERICA & EUROPE CEO Business Mission to Latin America (20 – 27 November)

In conjunction with Prime Minister Lee Hsien Loong’s first ever visit to Latin America, the Singapore Business Federation and International Enterprise Singapore jointly organised a high-level CEO business mission to Peru, Brazil and Chile from 20 – 27 November 2008. Led by Mr. Tony Chew, Chairman, SBF and Mr. Teng Theng Dar, Chief Executive Officer, SBF and Mr. Chong Lit Cheong, Chief Executive Officer, IE Singapore, the delegation comprised 14 senior businessmen from nine Singapore companies, officials from IE Singapore, Singapore Economic Development Board and SBF. One of the highlights of the programme was the attendance by the delegation at the APEC CEO Summit in Lima, Peru from 20 – 23 November 2008. The annual Summit is a key platform for senior business people 38 Review of 2008

to engage political leaders, policymakers, influential academics and other CEOs from the Asia Pacific and the Americas on issues relating to promoting free and open trade. While in Lima, the business delegation also had the opportunity to have a short discussion with the Columbian Commerce Minister. During the Brazil and Chile legs, the delegation met with principal business organizations such as the Federation of Industries of the State of Sao Paulo (FIESP), APEX Brazil and the Santiago Chamber of Commerce (CCS) to discuss business opportunities between the two communities. The delegation also attended the ENADE, one of the most significant business conferences in Chile graced by Chilean President, Michelle Bachelet, at which Prime Minister Lee Hsien Loong delivered a speech.

The mission helped participating companies, on their inaugural visit to Latin America, to have a first hand experience of the business environment and gain an introductory understanding of the business potential in Latin America. It also opened doors for our companies to network and establish direct contacts with public and private sector decision makers in the countries visited.


Singapore Business Federation Annual Report 2008

“Brazil – The Next Leap” Business Seminar and Networking Session (29 February) This seminar was organised by SBF in conjunction with the first high-level visit of H.E. Ambassador Celso Amorim, Minister of External Relations of Brazil to Singapore. He was accompanied by a business delegation of 16 senior level representatives from companies such as Petrobras, Odebrecht, Banco do Brasil and Cargill, amongst others. Ambassador Amorim and Mr. Lim Hng Kiang, Minister for Trade & Industry of Singapore, spoke at the seminar and witnessed the signing of an MOU between SBF and Federation of Industries of the State of Sao Paulo(FIESP). The MOU signified the commitment by both organisations to facilitate exchanges to pursue business cooperation and grow business links between Brazil and Singapore.

More than 120 Singapore businessmen from the Oil & Gas, Transport and Logistics, ICT, Banking & Finance, Healthcare, Media, Consumer Staples and Discretionary sectors attended the seminar. They were briefed on the Brazilian economy and the business opportunities in sectors such as oil & gas, energy, aviation, infrastructure and logistics and banking and finance.

Finland-Singapore CEO Dialogue (20 February) This roundtable business dialogue was organised with the Confederation of Finnish Industries EK, in conjunction with the official visit of H.E. Tarja Halonen, the President of Finland to Singapore. She was accompanied by a 16-strong business delegation. The dialogue, graced by Mr. Lim Hng Kiang, Minister for Trade and Industry, Singapore, and Mr. Paavo Väyrynen, Finnish Minister for Foreign Trade and Development, was attended by more than 50 top business people from both countries.

Business leaders from both sides were updated on the latest developments in the two economies as well as industries, and shared their knowledge and exchanged ideas for potential areas of collaboration. SBF and the Confederation of Finnish Industries EK inked an MOU to promote deeper cooperation between both organisations and to promote business exchanges between both countries. Singapore expressed its keenness to partner Finland in tapping the latter’s expertise in environmental technology in areas such as water and waste treatment, water recycling and clean energy. Review of 2008 39


Singapore Business Federation Annual Report 2008

On target...


Singapore Business Federation Annual Report 2008

List of 2008 Activities

Seminars / Dialogue Sessions / Workshops organised by SBF JANUARY  Workshop on Incoterms 2000  Silver Industry Conference & Exhibition (SICEX) 2008  “Cut Carbons, Grow Profits” Workshop  Distinguished Alumni Business Leaders Forum  Expo Central China 2008 Promotion Seminar  “How to benefit from environment & Low Carbon Economy” Workshop  Business Opportunities & The New Indonesian Investment Law  SBF Workshop on Understanding the UCP 600 & ISBP 2007  EBIS Information Resources Seminar: China is Aggressively moving up the Value Chain, are you ready to ride the tide?

 Making Headways into Latin America – Peru & APEC CEO Summit 2008  Briefing on Tax Treatments of Various Benefits-In-Kind  Clean Energy & Sustainable Development Industry Informal Business Networking Session  Briefing on Proposed Work Injury Compensation Act  Business Outlook 2008

FEBRUARY  Sharing and Feedback Session on Future Global Trends  Briefing on Changes to Tax Treatment of Various Benefits-in-Kind (Re-run)  SBF Employment Relations/Legislation Workshop Series – Designing & Planning Employee Benefits  SME Financial Series 2008 – Mentorship Programme: Strategic Business Planning  Briefing on Flexi-Works! Scheme & Work-Life Excellence Award 2008  SBF Seminar on Regulatory Compliances in India

 Members’ Dialogue Session on Guidance for Audit Committee  SBF Workshop on Letters of Credit: An in-depth Understanding for Importers & Exporters  EBIS Information Resources Seminar: Medical Tourism in Asia Pacific  Business Continuity Management: Introduction to BCM-TR19 and Implementing it for your Company  TradeExchange™ Electronic Document Management: Benefits to the Trade Community  SBF Employment Relations/Legislation Workshop Series – Understanding the Singapore Employment Act & its Key Provisions  Clean Energy & Sustainable Development Industry – Informal Business Networking Session  “Brazil – The Next Leap” Business Seminar and Networking Session  Seminar on Green Computing and IT for Energy Efficiency  Chinese New Year Business Networking

List of 2008 Activities 41


Singapore Business Federation Annual Report 2008

MARCH

APRIL

MAY

 Workshop on Singapore Financial Reporting Standard Updates  SME Financial Series 2008 – Mentorship Programme: Developing Financial & Business Master Plan  Workshop on Incoterms  Briefing on the Essentials of Competition Law & Cartel Detection – A Guide for Procurement Officers  Business Matching Session with Korean Companies  SME Financial Series 2008 – Mentorship Programme: Strategic Budgeting  Briefing on Proposed Work Injury Compensation Act (Re-Run)  HRM Workshop – Retiring Employees, The Retirement Age & Re-Employment Issues  Briefing on Budget 2008  Workshop: Case-Studies on Pitfalls, Tricks & Traps in Letters of Credit Transactions  EBIS FORUM – A place to acquaint, network and collaborate: Netting More Customers™ through the Internet!  Seminar on Business Opportunities in Chongqing & Wuhan  HRM Workshop – Avoid Hiring The Wrong Employee  Clean Energy & Sustainable Development Industry – Informal Business Networking Session  HRM Workshop – Writing The Employee Handbook

 Clean Energy & Sustainable Development Forum – Opportunities for Singapore Companies & Businesses  Seminar on Tripartite Advisory on Responsible Outsourcing Practices  TradeXchange™ – Achieving Operational Efficiency Through Seamless Supply Chain Collaboration  Franchising Opportunities In Emerging Markets – Middle East & Vietnam  Briefing on GST E-Filing  Singapore Tripartism Forum (STF) Dialogue on Employment & Employability Challenges  Briefing on the Essentials of Competition Law & Cartel Detection (Re-run) A Guide for Procurement Officers  HRM Workshop – Termination And Dismissal Issues  Workshop on Drafting Employment Contract for Executives  SBF Seminar on Managing Distributors & Agents  HRM Workshop – Workforce Flexibility Through Part-Time Employment  Clean Energy & Sustainable Development Industry – Informal Business Networking Session  EBIS Information Resources Seminar Thailand: Overview of the Opportunities and Security Concerns  SBF Workshop On Incoterms 2000  Briefing on Changes to Tax Deduction for Medical Expenses and Portable Medical Benefits  HRM Workshop – Managing Human Resources In Small & Medium SizeIndustries (SMEs)

 SBF Workshop On Incoterms 2000  TURKEY – The Next Destination  Workshop On New Corporate Income Tax Law In China  Joint SBF-SNEF Briefing on National Wages Council (NWC) Guidelines For 2008/2009  National Security Dialogue: Strengthening Corporate Resilience  HRM Workshop – Employment Contract Issues  Post – Mission Dialogue Session: Iskandar Malaysia (with focus on Nusajaya)  Differentiate or Sell Cheap – How Enterprises Are Built  Workshop on China New Employment Contract Law  “WTO – Make It Your Business” ISEAS-SBF WTO Seminar  SBF Workshop on Letters of Credit – An in-depth Understanding for Importers & Exporters  Workshop on Financial Reporting Standards 12 Income Taxes  Russia-Singapore Business Matching Session  Informal Business Networking Session – Clean Energy & Sustainable Development Industry  HRM Workshop – Discipline Handling at the Workplace  HRM Workshop – Managing Performance Appraisal at the Workplace  EBIS Information Resources Seminar: Emerging Global and Regional Digital Media Market

42 List of 2008 Activities


Singapore Business Federation Annual Report 2008

JUNE  SBF Mentorship Series 2008: Mentor – Model Program Branding For Differentiaton  SBF Sustainable Business Facilitation Series – “Green Solutions”  Business Matching Session with Korean Companies  SBF Workshop on Understanding the UCP 600 & ISBP 2007  HRM Workshop: Designing & Planning Employee Benefits  Business & Investment Opportunities in Bangladesh  China-ASEAN Expo – The 5th ChinaASEAN Exposition Trade and Business Opportunities Conference 2008  Post mission networking session on Chongqing and Wuhan  SBF Post Mission / Networking Session: Indonesia – The Emerging Market – Batam, Bintan and Karimun (SEZ)  CEO Boardroom Exchange: National Wages Council (NWC) Guidelines 2008/09  HRM Workshop: Understanding The Singapore Employment Act & Its Key Provisions  Seminar on the Relevance of Competition Law to Your Business

JULY  SBF Workshop on Incoterms 2000  Singapore Sustainable Development Distinguished Speaker Series – Mr. Mike Splinter, President & CEO of Applied Materials “Unlocking the Potential of Solar Energy – a Bright Future for Clean Energy”  Briefing on Company’s Tax Obligations & Completion of Form C For YA 2008

 EBIS Country Seminar: Vietnam – Emerging Business Trends & Opportunities  Seminar on “How to be a Successful Manager”  HRM Workshop: Termination and Dismissal Issues  Sustainable Development Industry Informal Networking Series  Workshop on Case-Studies on 30 Pitfalls, Tricks & Traps in Letters of Credit Transactions  HRM Workshop: Restructuring of Companies & Transfer of Employment  “MEXICO | NIP 07-12” Information Session and Business Seminar  EBIS Information Resources Seminar: Global Halal Food Market – Great Opportunities for Business Enterprise  HRM Workshop: Writing the Employee Handbook

AUGUST  Essentials for Doing Business in Vietnam Cum Vietnam Post-Mission Session  CEO Forum 2008 (Conducted in Mandarin)  SBF Workshop on Incoterms 2000  Networking Lunch – Indonesia: Maluku The Hidden Gem In Asia  Seminar on Business Opportunities in Iran & Business Matching Session 2008  Invitation to Participate in the Seminar & Dialogue Session on “Business Opportunities in Malaysia”  www.re-employment.sg – A Tripartite Initiative: The First one-stop information portal for Employers & Workers on Re-employment  Navigating India’s Booming Economy – Opportunities for SMEs Goods Trading Sector

 Work-Life Conference 2008  Seminar on “Investment Climate and Business Opportunities in Egypt”  Creative Industries Exchange – Innovating Your Business  HRM Workshop: Employment Contract Issues  EBIS Forum: CRM in Building Customer Connections: How to Turn Interactions into Business Opportunities?  SBF Workshop on Letters of Credit – An in-depth Understanding for Importers & Exporters  Seminar on Business & Investment Opportunities in Sri Lanka  Dinner Dialogue with Dr. Kenichi Ohmae – “Growing Singapore’s Business and Investment Hub for Competitive Advantage”  HRM Workshop: Discipline Handling at the Workplace  Briefing on Auto-Inclusion Scheme for Employment Income  The Leaders Network: The New Business Paradigm: Knowing Where to Find the Winners  HRM Workshop: Managing Human Resources in Small & Medium Size-Industries  Exclusive Employers’ Visit to Republic of Singapore Air Force (RSAF) Open House  SME Financial Series 2008 – Mentorship Programme: Strategic Business Planning

SEPTEMBER  Briefing on the Enhanced Marriage & Parenthood Package  SBF Workshop on Incoterms 2000  Workshop on NEW Corporate Income Tax Law in China  EBIS Country Seminar: Doing Business in Russia

List of 2008 Activities 43


Singapore Business Federation Annual Report 2008

 Workshop on An Overview of the Financial Reporting Framework in Singapore For Directors and NonAccounting Managers  Indonesia – Projects Briefing and Investment Facilitation  Briefing on the Proposed Amendments to the Employment Act  Hands-On Workshop on Preparation of Financial Statements Using FS Manager  Latin Asia Business (LAB) Forum 2008  SBF Workshop on Letters of Credit – An in-depth Understanding for Importers & Exporters  SBF Forum “ASEAN Economic Community 2015” – “How will Singapore businesses benefit from ASEAN Economic Community?”  HRM Workshop: Designing & Planning Employee Benefits  SME Financial Series 2008 Mentorship Programme: Cashflow Management Improvement  Briefing Session on “Doing Business in Brazil”  HRM Workshop: Avoid Hiring the Wrong Employee  Business Solutions Series: How Trade Solutions Can Support Your Business  HRM Workshop: Managing Performance Appraisal at the Workplace  Re-Branding Out of Trouble  SBF Seminar on Vietnam Taxation & Legal Issues  SBF-SPRING SME Financial Management Series: Managing Risk in a Volatile Environment for SMEs

OCTOBER  Corporate Social Responsibilities(CSR) In Singapore – Moving Forward Seminar

44 List of 2008 Activities

 Briefing on the Enhanced Marriage & Parenthood Package (Re-Run)  SBF Workshop on Incoterms 2000  Business Outlook & Sentiments Series: Forecasts for Q4 & 2009  CEO Breakfast Talk: Seduced by Success: How the Best Companies Survive the 9 Traps of Winning  HRM Workshop: Employment Contract Issues  SBF-TP Clean Energy Test-bedding Community (CETC) Business Facilitation Series “Clean Energy Solutions for Green Building & Facilities Management”  Hands-On Workshop on Preparation of Financial Statements Using FS Manager  HRM Workshop: Workforce Streamlining, Redundancy & Retrenchment Issues  Post-Mission Information Series: Spotlight on Doing Business in Libya  SBF Workshop on Understanding the UCP 600 & ISBP 2007  Navigating India’s Booming Economy – Opportunities for SMEs in the Food & Beverage Sector; Pioneering Business in Northeast India  Hands-On Workshop on Preparation of Financial Statements Using FS Manager  HRM Workshop: Understanding the Singapore Employment Act & Its Key Provisions  SBF Workshop on Incoterms 2000

NOVEMBER  “The Business Case For Sustainability – A New Zealand Perspective”  Distinguished Lecture 2008: “CSR as a Competitive Advantage: the Fuji Xerox Experience” Mr. Toshio Arima, Former President and Executive Corporate Advisor of Fuji Xerox Co. Ltd & UN Global Compact Board Member

 Seminar on Supply Chain Management Risk  Pre-Budget Dialogue Session on Budget 2009  Hands-On Workshop on Preparation of Financial Statements Using FS Manager  Business Matching Session With Vietnamese Companies  Workshop on UCP 600 & ISBP 2007 by Pavel Andrle – New tools and solutions for International Trade Finance  Essentials for Business  HRM Workshop: Termination and Dismissal Issues  SME Customer Service Seminar “Build A Superior Service Culture for Sustainable Competitive Advantage™” With Ron Kaufman  SBF Workshop on Letters of Credit – An in-depth understanding for Importers & Exporters  Creating a World Class Organisation in Challenging Times  Briefing on the Amendments to the Employment Act  SBF-SPRING SME Financial Management Series: Practical Measures for SMEs During Turbulent Times  HRM Workshop: Writing the Employee Handbook

DECEMBER  Democratic People’s Republic of Korea Seminar  Briefing on the Amendments to the Employment Act (Rerun)  Closed Door Dialogue Session between Government and the Business Community SICCI-CII Business Forum ‘Corporate India: Challenges & Opportunities’


Singapore Business Federation Annual Report 2008

Events Supported by SBF FEBRUARY  IE Singapore – Asian Development Bank: Business Opportunities Seminar

MARCH  Briefing on Fair Employment  Business Continuity Management Conference 2008 – Overcoming Global Risks & Threats of Business Continuity  Bintan Industrial Estate (BIE) Investment Seminar  Rise of the Golden Crescent – Doing Business in the Middle East  UK – Your Strategic Partner in Europe  Singapore Brand Conference 2008 – Differentiate or Sell cheap

APRIL  ADR Training – Under the auspices of the ICC ADR – Dispute Board – Expertise Services  The 4th Cambodia ICT & Telecommunications World Expo  Arbitration Day: Hearing and Deliberation – Under the auspices of the ICC Institute of World Business Law  B4E – Business for the Environment Global Summit 2008  Business Matching Session With Korean Companies from Chungnam Province  Introduction To Climate Change And Carbon Trading

MAY  Vietnam ICT For SMEs  Clean Energy Seminar 2008

 Vietnam Medi-Pharm 2008 – The 15th Vietnam International Exhibition on Products, Equipment, Supplies for Pharmaceutical, Medical, Hospital and Rehabilitation  The Standard Chartered SME Summit – Strategizing your Business Growth: Underlying Risks in Asia Pacific  “Governing for Sustainability – A Hungarian Perspective on Climate Change, Environment and Responsibility for Future Generations”  Business Seminar by Embassy of Mongolia in Singapore

JULY Seminar on Essentials For Business Public Accountants Conference 2008 The Entrepreneur of the Year Award 2008 BlueSky Festival 2008 IE Singapore / UNPD: UNDP Seminar on How to do Business with the United Nations  Do you want to enter the Beauty, Cosmetics or Spa & Wellness Market in China?  Business Opportunities in Romania     

AUGUST  TOP 50 BRANDS “Are Singapore Brands Underperforming?”  International Economic Forum Ukraine: New Possibilities  Free Trade Agreement (FTA) Certificate Programme

SEPTEMBER  ICC-SIAC Conference – Reflections on Diverse Issues in International Arbitration (SBF is a Member of ICC National Committees in Singapore)  Briefing on Fair Employment

OCTOBER  36th Junior Chamber International Singapore National Convention 2008  STF Tripartite IR Seminar 2008 “Strengthening Industrial Relations in the New Economy”  Investment in Cambodia  PBD Singapore – Towards a Dynamic Indian Diaspora  ISAS Public Lecture – Nepal’s Political and Economic Transformation: Challenges and Prospects  SME Development Survey 2008 Conference  Wine For Asia 2008  ASEAN Human Resource Summit  Singapore Human Capital Summit on “People Strategies for Asia”  Invitation to the Legacy of Tan Kah Kee and Lee Kong Chian Exhibition  Standards eXchange on Management Systems Enabling Enterprise Competitiveness for Global Markets

NOVEMBER  IE Singapore – World Bank Procurement Workshop – How to do business in World Bank financed projects   Carbon Forum Asia 2008  The 9th Doing Business in Japan Seminar: Japan-Increasing FDI and M&A, New Business Opportunities  International Arbitration – East Asia Comes of Age  Doing Business in Hungary  Korea Product Show and Business Meeting 2008  The First ICC Regional CEO Forum  FOURTH INTERNATIONAL CONFERENCE ON SOUTH ASIA – Challenges of Economic Growth, Inequality and Conflict in South Asia

List of 2008 Activities 45


Singapore Business Federation Annual Report 2008

 Spa Symposium 2008  REDAS’ 49th Anniversary Dinner 2008  Seminar On Investment and Market Opportunties/Korean Start-up and Pre-IPO Companies  Free Trade Agreement (FTA) Certificate Programme

DECEMBER  Briefing on Fair Employment  SICCI-DBS Singapore-India Business Award (SIBA) 2008 Presentation Ceremony & SICCI-CII Business Forum ‘Corporate India: Challenges & Opportunities’  Global Financial Crisis: Challenges and Opportunities for SMEs  Global Business Outlook for 2009 Conference

 Delegation from 3rd Expo Central China Organizing Committee led by Deputy Director Wang Bisheng, Hebei Dept of Commerce  Delegation from Qingdao Feiyang Vocation and Technical College  Delegation from National Development and Reform Commission (NDRC) and the APEC SME Technology Conference and Fair Organizing Committee led by NDRC Division Chief Mr. Huang Dianwen

FEBRUARY  Business roundtable with visiting Finnish Minister for Foreign Trade & Development, Mr. Paavo Vayrynen, and accompanying business delegation  Visit by H.E. Ambassador Celso Amorim, Minister of External Relations of Brazil and business delegation re “Brazil – The Next Leap” seminar

MARCH

Visits Hosted by SBF JANUARY  Visit by Stanford Graduate School of Business  Delegation led by Vice Director Wang Yun Hua, Shandong Province’s Weifang Economic Development Area (WEDA)  Visit by Ms Yasmeen Mohammed Al-Awadhi, Assistant Deputy Minister of Housing Sector, Republic of Yemen  Visit by Mr. Assem Regab, Chairman, General Authority for Investment and Free Zones (GAFI)

46 List of 2008 Activities

 Dialogue with Mr. Youssouf Bakayoko, Minister of Foreign Affairs of Cote d’Ivoire  Courtesy call by Ambassador of Sudan to Singapore  Courtesy call by Charge d’Affaires, Embassy of Bosnia and Herzegovina  Meeting with Ministry for Small and Medium Size Enterprises, Commerce, Tourism and Liberal Professions, Romania  Business matching session with visiting Korean companies

APRIL  Courtesy call by Ambassador of Turkey to Singapore  Visit by delegation from Fujian Foreign Trade & Economic Cooperation Dept  Meeting with President of Italy’s Motorcycles and Motocycle Parts Manufacturers’ Association

MAY  Meeting with the delegation from Bai Se, Guangxi Autonomous Region, China  Meeting with delegation from Kunshan, Jiangsu led by Mr. Feng Hui Qing, Deputy Chairman of Kunshan Trade Union Federation  Delegation from Russia  Delegation from Mongolia  Delegation led by Mr. Ye Rongzhong, Deputy Director of Foreign Affairs Office from Ningbo, China

JUNE  Delegation from Guangdong Department of Foreign Trade and Economic Cooperation (DOFTEC) led by Wu Jun, Deputy Director-General  Delegation from Hong Kong and Macau  Dialogue Session with H.E. Prince Olagunsoye Oyinlola, Governor of the Osun State of Nigeria  Visit from the 5th CAEXPO Organising Committee to Singapore  Delegation from Jiujiang, Jiangxi led by Jiujiang Mayor Ms Wang Ping

JULY  Delegation from Romania’s government agencies, state-owned enterprises and businesses  Dialogue with African Leaders and Policy Makers  Courtesy call by Mrs. Norica Nicolai, Vice-President of the Upper House of Parliament, Romania  Delegation from the China – ASEAN Business and Investment Summit (CABIS) Organising Committee


Singapore Business Federation Annual Report 2008

AUGUST  Visit by Tan Sri Muhyiddin Yassin, Minister of International Trade & Industry  Delegation from Iran  Delegation from Oman  Delegation from Nanjing Audit University

Overseas Business Missions

MOUs signed in 2008

SEPTEMBER

JANUARY

JANUARY

 Courtesy Call by the Israeli Ambassador to Singapore  Delegation from Hangzhou led by Vice Mayor  Delegation from Guangdong Province led by President of CCPIT

 Business Mission to Qatar & United Arab Emirates

 Qatari Businessmen Association

OCTOBER

APRIL

 Visit by Crown Prince of Bahrain, H.H. Shaikh Salman bin Hamad Al-Khalifa  Delegation from Ghana  Delegation from the International Research Committee, Royal Swedish Academy of Engineering Sciences  Networking Session with Russian SEZ Delegates  Delegation from Libya  Courtesy call by the Ukrainian Chamber of Commerce

 SBF Business Mission To Vietnam (Hanoi & Ho Chi Minh)  SBF Business Mission to Jaipur, Rajasthan, India (In conjunction with the Great Indian Travel Bazaar 2008)  Business Mission to Chongqing & Wuhan

NOVEMBER  Delegation from New Zealand  Delegation from Vietnam’s Leading Business Club  Delegation from Ningbo City  Courtesy call by CEO of the Hungarian Investment and Trade Development Agency  Delegation from IT IS, MFA and Korea International Cooperation Agency

DECEMBER

MARCH  Business Mission to Batam and Bintan – Special Economic Zone

MAY

FEBRUARY  The Confederation of Finnish Industries EK  The Federation of Industries of the State of São Paulo

MAY  The Libyan Businessmen Council (LBC)

AUGUST  The General Authority for Investment and Free Zones (GAFI) Egypt

SEPTEMBER

 SBF Business Mission To Libya  SBF Business Mission to Malaysia (Selangor & Negeri Sembilan)

 The China Council for the Promotion of International Trade (CCPIT) Guangdong  The Federation of Industries of Rio Grande do Sul (FIERGS)

JUNE

DECEMBER

 Singapore Business Mission to India

 The Democratic People’s Republic of Korea Chamber of Commerce (DPRK Chamber of Commerce)

NOVEMBER  Business Mission to Indonesia (Jakarta & Bekasi)

DECEMBER  23rd International Autumn Trade Fair 2008, Dubai

 Visit by Democratic Peoples’ Republic of Korea Foreign Trade Minister, Mr. Ri Ryong Nam

List of 2008 Activities 47


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Singapore Business Federation 10 Hoe Chiang Road #22-01 Keppel Towers Singapore 089315 Tel: +65 6827 6828 Fax: +65 6827 6807 www.sbf.org.sg

SBF 2008 Annual Report  

A razorSHARK design. 2009, June.