SBF and CapitaLand Investment Unite Business Community to Reaffirm Commitment to National Defence on SAF Day
The Singapore Business Federation (SBF), in partnership with CapitaLand Investment (CLI), co-organised The Singapore Armed Forces (SAF) Day 2025 Combined Rededication Ceremony (CRC). Held at Capital Tower, the event was graced by Minister for Defence (MINDEF) Chan Chun Sing and attended by representatives from about 80 organisations, comprising approximately 220 key stakeholders. The business community reaffirmed their unwavering support for Singapore’s defence and honoured the dedication of National Servicemen (NSmen). The event also commemorated six decades of commitment by the SAF in safeguarding Singapore’s sovereignty and security. This marked Minister Chan’s first SAF CRC in his capacity as Defence Minister.
Jointly organised for the first time by SBF and CLI, the event highlighted the close nexus between businesses and national security. Businesses not only provide essential services to support Singapore’s defence but also employ NSmen who form the backbone of the country’s operational readiness. The event provided an opportunity for business leaders to pledge their continued support for National Service and NSmen. An exhibition showcasing defence technology and capabilities was also held in conjunction with the ceremony.
Business and Defence Leaders Discuss Economic and National Security
i) The evolving security environment and its implications for economic security
ii) The importance of National Service and NSmen, and the measures MINDEF/SAF have taken to maintain strong support from businesses
iii) How the business community continue to support National Service and NSmen.
The panellists shared their perspectives on how businesses can remain resilient in a fast-changing geopolitical environment and support the institution of National Service.
Mr Kok Ping Soon, Chief Executive Officer of SBF said, “As we commemorate SAF Day, SBF is honoured to organise this event between our nation's defence and business leaders. A strong, credible defence is the bedrock of Singapore’s economic security and prosperity. In an era of increasing geopolitical volatility, the symbiotic relationship between a robust SAF and a resilient business community has never been more vital. SBF stays committed in ensuring Singapore remains a stable, trusted, and competitive global business hub, as we continue to champion this partnership for our collective success.”
Mr Ervin Yeo, Group Chief Strategy Officer and Chief Executive Officer, Commercial Management, CLI said, “We are honoured to have hosted this year’s Combined Rededication Ceremony at Capital Tower together with SBF, especially in this milestone year marking 60 years of the SAF, and 25 years of CapitaLand Group. Singapore’s safety and stability are fundamental to our nation’s continued success in attracting global businesses to anchor here with confidence, and for local enterprises to grow and thrive. The business community plays a key role in supporting National Service and recognising the contributions of NSmen through workplace practices that enable their service and reintegration. CLI remains committed to doing our part in strengthening both economic and national resilience.”
