Since 2010, the Partnerships for Capability Transformation (PACT) scheme has played a key role in promoting closer partnerships between companies. The enhanced PACT will offer more opportunities for multinational corporations and large local enterprises to build resilient relationships in Singapore’s ecosystem, while helping local SMEs to deepen their capabilities and expand their operations to capture new growth opportunities in regional and global markets. Interested companies can approach the Economic Development Board or Enterprise Singapore to find out more details.
Ministry of Trade and Industry (Singapore)’s Post
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As Singapore works towards a low-carbon economy, Serena and her team look into green growth areas to promote cross-border green economic cooperation through Green Economy Agreements. Her efforts will help to garner support from various countries, including Singapore, to accelerate our net-zero emission goals. #WeAreMTI #TeamMTI
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Patch testing, elevated! Hapsense, a wearable skin sensor designed by Procter & Gamble SgIC, A*STAR and NTU, can measure the effects of a skincare product and provide quantifiable assessments compared to conventional skin-testing methods such as consumer surveys. Made possible by public-private partnership, this innovation tapping on soft electronics can enable scientists to unlock big data insights to accurately guide the formulation of skincare products for various skin types and expand its applications to test surfaces and products in categories beyond skincare. Procter & Gamble - P&G Singapore Innovation Center (SgIC) A*STAR - Agency for Science, Technology and Research Nanyang Technological University Singapore
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#ICYMI Singapore hosted the inaugural Indo-Pacific Economic Framework for Prosperity (IPEF) Clean Economy Investor Forum last month. Bringing together over 300 participants comprising C-suite and senior executives from the region’s largest investors, startups, and project proponents, the forum aims to facilitate high-quality business and capital matching, and build connections between the public and private sectors. It is also a key initiative to advance the objectives of the IPEF Clean Economy Agreement by mobilising financing in support of the development and deployment of clean energy and climate-friendly infrastructure and technologies in the IPEF economies. Watch the video to view the highlights from the event! #IPEFInvestorForum
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Earlier this week, Minister Josephine Teo visited Chongqing, China and convened the 9th Joint Implementation Committee Meeting for the China-Singapore (Chongqing) Demonstration Initiative on Strategic Connectivity (CCI) together with Chongqing Mayor Hu Henghua. The CCI is a key bilateral project launched in 2015, focusing on modern connectivity and services such as financial services, transport and logistics, aviation, and information and communication technology. During the trip, Minister Teo also met with other Chongqing officials and visited some projects, including the Multi-Modal Distribution and Connectivity Centre, a physical facility co-developed by Singapore and Chongqing companies to enhance multimodal operations across Chongqing’s air, river, rail, and road logistics nodes. We will continue to work closely with our counterparts in China to foster stronger economic ties.
Minister for Communications and Information at Ministry of Communications and Information
I was pleased to reconnect with Chongqing Party Secretary Yuan Jiajun and Chongqing Mayor Hu Henghua. Since the establishment of the Chongqing Connectivity Initiative (CCI) in 2015, Singapore’s relations with China, and particularly Chongqing, have grown from strength to strength. I last met Party Secretary Yuan during his visit to Singapore in July 2023, almost a year ago. We had a good exchange today on Chongqing's recent developments, the crucial role the Western Region plays in China's growth today, and how the CCI could continue to serve the demonstrative effect both countries set out to achieve, within this broader framework. It was also my pleasure to convene the 9th CCI Joint Implementation Committee Meeting with Chongqing Mayor Hu Henghua. The CCI has made good progress across all four pillars, and I enjoyed a fruitful discussion with Mayor Hu on furthering our cooperation, particularly in the digital economy and green development. Last but not least, I would also like to thank Vice Mayor Zhang Guozhi and the Chongqing officials, including the Liangjiang New Area Administrative Committee for your warm hospitality throughout the course of my trip. With an eye on the CCI’s 10th anniversary next year, I’m confident that our collaborative efforts will continue to yield remarkable results and strengthen the bond between our countries. - Jo Teo
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#DidYouKnow that 27 June is Micro-, Small and Medium-sized Enterprises (MSMEs) Day? To boost the digital and Artificial Intelligence (AI) capabilities of local SMEs, the Digital Enterprise Blueprint (DEB) was launched earlier this year. The DEB brings together key ecosystem partners to push for AI integration within local SMEs by streamlining processes, enhancing productivity, and driving innovation through a wide range of programmes and initiatives. Learn more about the various programmes and how they can support your business growth: https://lnkd.in/gueNfi_x IMDA Enterprise Singapore Microsoft Amazon Web Services (AWS) Google Salesforce
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#DidYouKnow Singapore has been ranked the world’s most competitive economy, according to the International Institute for Management Development (IMD) World Competitiveness Yearbook (WCY) for 2024? As part of the ongoing industry engagements supporting the Alliance for Action (AfA) on Business Competitiveness, the Singapore Business Federation hosted a Focus Group Discussion last week, which brought together 17 business leaders to discuss regulatory issues and their impact on the business environment. The Government will continue to foster stronger collaboration between the public and private sectors to grow Singapore's economy. To provide feedback, please get in touch with the AfA Secretariat at policy@sbf.org.sg.
As part of the ongoing industry engagements supporting the Alliance for Action (AfA) on Business Competitiveness, the Singapore Business Federation (SBF) is happy to have hosted 17 business leaders in a Focus Group Discussion on 20 June 2024, which discussed regulatory issues and the impact that they can have on the business environment. Business leaders shared their feedback and insights in the areas of 🌍sustainability, 🤖digital/paperless transactions, and the 🏗️built environment. #Didyouknow Singapore currently sits on the top spot in the IMD World Competitiveness Ranking in 2024, with robust performance reported in business 💡efficiency and infrastructure. The AfA will continue to look at regulatory agility to facilitate business🌿growth and maintain a favourable environment for business and investment to thrive in. SBF is committed to fostering stronger collaboration and engagement between the private and public sectors in order to help boost Singapore's economy, uncover resource potential, and transform businesses for💲growth and secure Singapore's competitive edge for the🔮future. If you have any questions or feedback, please write to the AfA Secretariat at policy@sbf.org.sg. #SBF #SBF2024 #SGBusinesses #AfA #BusinessCompetitiveness #SustainabilityCentric
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The Clean Economy pillar of the Indo-Pacific Economic Framework (IPEF) aims to promote the adoption of clean energy technologies and improve energy efficiency. This involves supporting the widespread implementation of these technologies, which will open up new markets and partnerships. The framework also encourages investment in sustainable infrastructure and fosters innovation in green technologies. Read more about the IPEF Clean Economy Investor Forum: https://lnkd.in/gkqVUDfC #ipefinvestorforum
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Join us in recognising local talent and companies! Enterprise Singapore has unveiled its annual Good Company Report, highlighting fast-growing local SMEs with great company culture, industry exposure, and career opportunities. This year, Enterprise Singapore partnered with student groups from various Polytechnics to storyboard, direct, and produce a series of short films showcasing some of their memorable behind-the-scene experiences at these local companies. Check out the sectors you are interested in and discover your next career move!
It’s great to be good. Enterprise Singapore has launched our new edition of Good Company Report – a video series by students spotlighting fast-growing Singapore companies from different industries that have a wonderful company culture, industry exposure, and opportunities for young talent. Watch how you can build your dream team here: https://go.gov.sg/5pa85z Carousell Group | Dyna-Mac Engineering Services Pte Ltd | Hegen | Keystone Cable | Meinhardt Group | Nium
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Calling businesses and members of the public to share feedback on the General Review of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). The public consultation period has been extended until 30 June 2024. We welcome views on: • Experience using the agreement to increase trade with and expand into CPTPP markets • How the CPTPP can be enhanced to support the trading activities of your business • What emerging issues can the CPTPP address, such as in the areas of digital economy, green economy, or inclusive trade Learn more about the General Review of the CPTPP and share your feedback: https://lnkd.in/g2U6GhAC For further enquiries, please contact us at MTI_CPTPP@mti.gov.sg
