Press Releases

New Overseas Markets Immersion Programme Launched to Support Companies to Expand Overseas

Workforce Singapore (WSG) has launched the Overseas Markets Immersion Programme (OMIP) to support companies to expand into overseas markets. This is also part of the Government’s commitment to build a globally competitive workforce by enabling more Singaporeans to gain overseas experience. The Singapore Business Federation (SBF) has been appointed as the first OMIP programme partner and will work with companies to explore internationalisation opportunities.

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Overseas Accounts for Over 40% of Total Revenue for 1 in 2 Businesses; More Businesses Have Expansion Plans Beyond ASEAN

In a promising sign of resilience and growth, the Singapore Business Federation’s (SBF) National Business Survey (NBS) 2024 – Scaled Internationally Edition reveals that the proportion of Singapore businesses with overseas expansion plans increased from the past year (59% versus 57% in 2023), with Vietnam (25%), Indonesia (25%) and Thailand (21%) as the top three markets.

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SBF Starts a New Chapter with Rebrand and Formation of Honorary Advisory Panel

The Singapore Business Federation (SBF) has unveiled a rebranding of its identity, signalling the next bound for Singapore's apex business chamber 22 years after its establishment in 2002. Concurrently, SBF announced the formation of its inaugural Honorary Advisory Panel, which will play a pivotal role in guiding and shaping the organisation's strategic direction and initiatives. These announcements were made during SBF’s inaugural Partners’ Appreciation Night, attended by Guest-of-Honour Mr Gan Kim Yong, Deputy Prime Minister and Minister for Trade and Industry.

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15 MOUs valued at over S$60 million signed at 7th Singapore-China Trade and Investment Forum, paving the way for new growth opportunities and bilateral partnerships

The Singapore Business Federation (SBF) organised the 7th Singapore-China Trade and Investment Forum (SCTIF) earlier today, on the sidelines of the 7th China International Import Expo (CIIE), in Shanghai, China. Held under the theme of “Singapore-China: A Shared Journey Towards High-Quality Partnership” (新中协力，高质同行), the annual Forum serves as a key platform promoting constructive discussions and deepening collaboration and bilateral trade between Singapore and China. The theme ushers in a dynamic new chapter, focusing on higher quality collaborations in both traditional and emerging sectors.

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Alliance for Action on Business Competitiveness calls for policy adjustments on manpower, land and regulations to accelerate enterprise and economic transformation

The Alliance for Action (AfA) on Business Competitiveness – jointly established by the Ministry of Trade and Industry (MTI) and Singapore Business Federation (SBF)in February 2024 to address key challenges in manpower, land and regulations – has released its report today after a nine-month review. The report was unveiled by Deputy Prime Minister and Minister for Trade and Industry Gan Kim Yong at a launch event at KH Roberts.

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Singapore businesses to showcase high quality and differentiated services and products at 7th China International Import Expo (CIIE)

The Singapore Business Federation (SBF) will be leading a delegation of close to 400 business representatives from 44 Singapore businesses to participate in the upcoming 7th China International Import Expo (CIIE), in Shanghai, China. Held between 5-10 November 2024, the Singapore delegation’s participation marks a renewed emphasis on stronger, quality collaborations and further business-to-business partnerships in both traditional and new sectors.

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