Economic Development Board (EDB)

Singapore in talks with more electric car companies after Dyson

SINGAPORE (Apr 22): Following Dyson’s plans late last year to manufacture its first electric car in Singapore, the city-state is now in talks with other makers of green vehicles to set up shop on the island.

Singapore is pitching its connectivity to global markets through free-trade agreements, its high-skilled workforce and stringent protection of intellectual property, which is critical for the industry, according to the government agency set up to attract investments to the country.

ST Engineering teams up with EDB to develop new engines of growth

SINGAPORE (Nov 29): ST Engineering and the Singapore Economic Development Board (EDB) are teaming up to build new engines of growth by creating globally competitive industry ecosystems in Singapore.

On Thursday, ST Engineering and EDB signed a Memorandum of Understanding (MOU) for a strategic growth partnership.

The two will work closely to identify and develop growth strategies for targeted industries, such as robotics, smart mobility and health tech, which could be globally competitive business areas for Singapore and ST Engineering.

NEC Corp launches Open Innovation Centre

SINGAPORE (Sept 25): Japan-listed NEC Corporation today announced the opening of the NEC Open Innovation Centre (OIC) in Singapore.

This forms a part of the wider NEC Innovation ecosystem and reaffirms the company’s commitment to foster open innovation and partnerships with private and public sectors.

Located in Biopolis, the OIC is supported by the Singapore Economic Development Board (EDB) and is part of NEC’s $100 million investment over the five years from 2017 in research and innovation in the Asia Pacific region.

Alibaba launches talent programme in Singapore with support from NTU, EDB

SINGAPORE (Sept 3): Alibaba Group on Monday launched the Alibaba Talent Programme in Singapore with support from Nanyang Technological University (NTU Singapore) and the Economic Development Board (EDB) under the Industrial Postgraduate Programme (IPP).

This talent programme is part of Alibaba’s mission to nurture future research and development (R&) talent in Singapore, especially in the field of computer science. It aims to equip postgraduate students with critical R&D skill-sets through gaining practical work experience on projects with Alibaba.

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Singapore partners Japan to mutually grow start-ups & businesses and expand GIA network

SINGAPORE (Aug 29): Singapore statutory boards Economic Development Board (EDB) and Enterprise Singapore have signed a memorandum of understanding (MoU) with the Japan External Trade Organisation (JETRO) to collaborate on and support the growth of enterprises and start-ups based in Japan and Singapore.

Under the MoU, all three parties will facilitate access and opportunities through creating initiatives, events and information exchanges for these start-ups and businesses, in the process strengthening linkages between the innovation ecosystem between Singapore and Japan.

Local manufacturing firms increasingly optimistic amid ongoing trade war: EDB survey

SINGAPORE (July 31): Positive business sentiment is on the uptrend among Singapore's manufacturers even with the ongoing US-China trade war, according to the Economic Development Board’s (EDB) Survey of Business Expectations of the Manufacturing Sector for 3Q18.

Compared to the EDB’s findings over 2Q, a net weighted balance of 5% of Singapore’s manufacturers are expecting output to increase in 3Q, with all clusters – save for chemicals – projecting higher output levels within the next three months.

Singapore sees Asia as a growth favourite despite trade war fears

SINGAPORE (Mar 28): Asia remains a growth favorite for businesses and investors even if tensions between the US and China escalate into a full-blown trade war, according to Singapore’s Economic Development Board.

“Singapore is very fortunate, Asian countries in general are very fortunate because we are in the middle of a growth engine,” Beh Swan Gin, chairman of the EDB, said in an interview with Bloomberg Television’s Haslinda Amin on Tuesday.

Ryobi Kiso launches Centre for Geotechnical Engineering & Industrial Technology

SINGAPORE (Mar 5): Ground engineering solutions provider Ryobi Kiso Holdings has launched its Centre for Geotechnical Engineering & Industrial Technology (GEIT) within the group’s existing facility to build new competencies in ground engineering technologies.

The centre is supported by the Singapore Economic Development Board (EDB).

Singapore 2017 tourism breaks record for 2nd year running

SINGAPORE (Feb 12): Singapore’s tourism arrivals and visitor arrivals both achieved record highs in 2017 for the second time in two years.

Tourism receipts increased by 3.9% to $26.8 billion, mainly attributable to growth in visitor arrivals across all top 10 markets and higher visitor arrivals from high-spending markets such as China, South Korea, US and UK.

The top 10 markets are China, Indonesia, India, Malaysia, Australia, Japan, Philippines, South Korea, US and Vietnam.

China also emerged top in tourism receipts for the third consecutive year.

Archer Daniels Midland opens food innovation centre in Singapore

SINGAPORE (Jan 25): Archer Daniels Midland (ADM), the New York-listed food processing and commodities trading company, on Thursday opened its flavour and ingredient creation, application, development and customer innovation centre at the Biopolis research hub in Singapore.

The 8,900 sf innovation centre enables ADM to work closely with customers to create complete flavour and specialty ingredient solutions that meet consumer preferences for taste, nutrition, function and texture.

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