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Annual Report 2014 | 03 2014 HIGHLIGHTS Key Initiatives & Events 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 Singapore Business Federation (SBF) Act by Parliament in July 2001, all Singapore- registered companies with a paid-up share capital of $0.5 million and above became members of the SBF. Local chambers of commerce and industry which represent the interests and welfare of any local or foreign business group join as Constituent Members. SBF was established on 1 April 2002 and officially launched by the then Prime Minister Goh Chok Tong on 11 April 2002. As the apex business chamber, SBF represents the business community’s interests in Singapore and abroad in trade, investment and industrial relations. Our Beginnings 1 Voice Representation 10 Federation Profile CONTENTS Chairman’s Message 2 Business Networking • Board of Trustees 40 & Facilitation 18 2014 Highlights • SBF Council 41 Capability Building 32 • Key Initiatives & Events 4 • SBF Council Committees & SBF-Led SME Committee 44 • Key Figures 6 • SBF Secretariat 46 CHAIRMAN’s Message 2014 was an eventful year for SBF. The Federation stepped up efforts in advocacy, increased business networking opportunities, deepened engagement with the various Trade Associations and Chambers (TACs) and empowered enterprises through various capability building initiatives. Firstly, we renewed leadership for the Federation in June with several new Council Members coming on board for the 2014-2016 term. I was privileged to succeed Mr Tony Chew as Chairman of SBF. Mr Chew laid a solid foundation for SBF and I would like to acknowledge his many significant contributions in building the Federation as Singapore’s apex business chamber. At the same time, I would also like to thank the Council Members who have stepped down in 2014 for their good work. They have dedicated much of their time and effort to help shape the Federation. During the year, we enhanced the representation of our business community through the numerous activities centred on business advocacy, expansion and capability building. While we sustained the number of outgoing missions, we welcomed a significant increase in the number of incoming delegations, from 102 in 2013 to 117 in 2014. On the international front, the Federation led several key missions including those in conjunction with Prime Minister Lee Hsien Loong’s visits to China, Georgia and Turkey, as well as Portugal and Switzerland. SBF’s participation in the 11th China-ASEAN EXPO (CAEXPO) in September 2014 marked the largest SBF-led business delegation of companies and TACs, comprising 260 businessmen and representatives from nine leading TACs. Locally, SBF drove key events such as the inaugural National Productivity Month (NPM) which was co- organised with the Singapore National Employers Federation to encourage businesses to boost productivity which is necessary for business growth. The NPM, a month long initiative, engaged some 14,000 participants over 15 events. It is part of a national effort for productivity push, which is for the long haul. 02 | SINGAPORE BUSINESS FEDERATION We will continue to strengthen the Federation’s role as the apex business chamber and champion the needs and aspirations of members and the wider business community. As part of our advocacy efforts, SBF shared key business There is room for greater collaboration between the concerns with the government to create a more vibrant Federation and the TACs. Besides leveraging each and sustainable SME sector through targeted policies other’s strengths, SBF aims to work more closely with for strategic sectors. I am pleased to report that there the TACs to help advance the interests of the business was considerable alignment of our recommendations community in Singapore and internationally. with those announced in Budget 2014. In the pipeline, SBF plans to increase member Last September, the Council Members reviewed SBF’s engagements through outgoing business missions and goals to identify new strategies to take the Federation incoming visits by business delegations. We will continue through 2018. to assist our members, especially the SMEs, in extending their global footprints by tapping on opportunities in We will continue to strengthen the Federation’s role as external markets particularly in ASeAN, China, South the apex business chamber and champion the needs Asia and emerging markets like Africa. and aspirations of members and the wider business community. Whilst the SBF-led SME Committee As SBF continues to work hard to deepen engagement has done well in its advocacy role, we endeavour to with our members, I encourage our members and strengthen our engagement with larger companies and partners to join us in our journey to excellence. work towards shaping trade and investment policies. SBF will also continue to build a conducive business environment and help businesses through Singapore’s dynamic economic landscape. We aim to provide thought-leadership on business matters, support the business community through the economic S. S. Teo transformation and help mould the national agenda Chairman to benefit businesses and contribute to Singapore’s Singapore Business Federation continued growth. Annual Report 2014 | 03 2014 HIGHLIGHTS KEY INITIATIVES & EVENTS SMEC Budget Recommendations 2014 & Budget Seminars 14 January, 25 & 28 February 2014 A targeted approach was proposed to the government to help SMes in the three areas: SMes seeking growth, SMEs in survival mode and SMEs in sectors with special needs. SBF also urged the government not to introduce additional measures that would exacerbate the already harsh conditions that SMEs were facing. In addition, two seminars were organised, covering the highlights of Budget 2014 and implications of the new measures for businesses. The sessions were attended by over 100 TAC representatives and more than 1,000 business representatives. ASEAN Economic Community (AEC) 2015 SME Forum 28 May 2014 Graced by Senior Minister of State, Ministry of Trade and Industry, Lee Yi Shyan, this forum attracted 340 participants keen on understanding the business issues, opportunities and challenges arising from the 2015 AEC. 12th Annual General Meeting 27 June 2014 Having completed three consecutive two-year terms, Tony Chew stepped down as SBF Chairman and was succeeded by S. S. Teo who was elected by the SBF Council. eight new candidates were appointed to the 21-strong SBF Council for a two-year term from 2014 to 2016. Council members who have stepped down in 2014 include Abdul Rohim Sarip (Vice Chairman), Rangarajan Narayanamohan (Vice Chairman), Robert Yap (Vice Chairman), Bob Tan (Honorary Treasurer), Chong Siak Ching (Deputy Honorary Treasurer), Mitsuhiro Akiyama (Council Member), Chan Chong Beng (Council Member), Piyush Gupta (Council Member), George Huang (Council Member), and Simon Kahn (Council Member). 04 | SINGAPORE BUSINESS FEDERATION Launch of NTU-SBF Centre for African Studies (CAS) 27 August 2014 First of its kind in South-east Asia, this think tank on Africa will enable private and public sectors to develop new insights into the continent and foster an integrated Africa- Singapore network. 11th China-ASEAN EXPO (CAEXPO) 16 to 19 September 2014 Held in Nanning, Guangxi, China, the event showcased the importance of the Maritime Silk Road of the 21st Century. The event had the largest SBF-led business delegation comprising 260 businessmen and representatives from nine leading TACs. This event also marked the first and largest overseas collaboration amongst the local TACs. National Productivity Month (NPM) & Singapore Productivity Awards (SPA) 7 to 30 October 2014 The inaugural NPM 2014 engaged over 14,000 business associates and included 15 events involving nine government agencies, 25 TACs and 40 industry partners. To mark the close of NPM, SPA recognised six locally-based enterprises that have made significant progress in raising productivity. Singapore Sustainability Awards 2014 8 October 2014 Into its fifth year, the Awards is now widely known as one of the top awards in Singapore that recognises organisations exemplifying business excellence in the practice of sustainability. This year, 15 organisations were recognised for their innovative sustainable business practices and green solutions at the Awards Presentation Ceremony. Annual Report 2014 | 05 2014 HIGHLIGHTS KEY 21,504 FIGURES Membership *as at 31 December 2014 North America 2 • Canada • United States of America 117Total Visiting Delegations 06 | SINGAPORE BUSINESS FEDERATION 68,500 530 38 117 Total number of Total number Total number Total number participants engaged of activities of outgoing of incoming missions delegations Europe 9 Middle Asia • Italy East • Russia 59 • Slovakia • China • Myanmar • Spain 6 • India • Philippines • Switzerland • Iran • Indonesia • South Korea • Turkey • Jordan • Japan • Thailand • Ukraine • Oman • Laos • Vietnam • United Kingdom • Saudi Arabia • Maldives • United Arab Emirates Africa 39 • Africa • Niger • Burkina Faso • Nigeria • Congo • Sudan Australia • Cote d’Ivoire • Togo • Madagascar • Tunisia • Morocco • Zambia 2 Annual Report 2014 | 07 2014 HIGHLIGHTS KEY FIGURES *as at 31 December 2014 Share Capital Breakdown of SBF Members $10m19.7% & above $0.5m29.7% to less than $1m $5m8.1% to less than $10m $1m42.5% to less than $5m 08 | SINGAPORE BUSINESS FEDERATION Industry
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