Economic Development Board
Encyclopedia
Overview
The Economic Development Board (AbbreviationAbbreviation
An abbreviation is a shortened form of a word or phrase. Usually, but not always, it consists of a letter or group of letters taken from the word or phrase...
: EDB; Chinese: 经济发展局) is a statutory board
Statutory boards of the Singapore Government
The statutory boards of the Singapore Government are organisations that have been given autonomy to perform an operational function. They usually report to one specific ministry.*Accounting and Corporate Regulatory Authority...
of the Government of Singapore
Government of Singapore
The Government of Singapore is defined by the Constitution of the Republic of Singapore to mean the Executive branch of government, which is made up of the President and the Cabinet of Singapore. Although the President acts in his personal discretion in the exercise of certain functions as a check...
that plans and executes strategies to sustain Singapore
Singapore
Singapore , officially the Republic of Singapore, is a Southeast Asian city-state off the southern tip of the Malay Peninsula, north of the equator. An island country made up of 63 islands, it is separated from Malaysia by the Straits of Johor to its north and from Indonesia's Riau Islands by the...
as a leading global hub for business
Business
A business is an organization engaged in the trade of goods, services, or both to consumers. Businesses are predominant in capitalist economies, where most of them are privately owned and administered to earn profit to increase the wealth of their owners. Businesses may also be not-for-profit...
and investment
Investment
Investment has different meanings in finance and economics. Finance investment is putting money into something with the expectation of gain, that upon thorough analysis, has a high degree of security for the principal amount, as well as security of return, within an expected period of time...
.
EDB is the lead government agency for planning and executing strategies to enhance Singapore
Singapore
Singapore , officially the Republic of Singapore, is a Southeast Asian city-state off the southern tip of the Malay Peninsula, north of the equator. An island country made up of 63 islands, it is separated from Malaysia by the Straits of Johor to its north and from Indonesia's Riau Islands by the...
’s position as a global business centre and grow the Singapore economy. It is responsible for designing and delivering solutions that create value for investors and companies in Singapore. In this way, EDB seeks to create economic opportunities and jobs for the people of Singapore, and help shape Singapore's economic future.
International presence
EDB maintains 21 international offices in 12 countries:- ChinaChinaChinese civilization may refer to:* China for more general discussion of the country.* Chinese culture* Greater China, the transnational community of ethnic Chinese.* History of China* Sinosphere, the area historically affected by Chinese culture...
- BeijingBeijingBeijing , also known as Peking , is the capital of the People's Republic of China and one of the most populous cities in the world, with a population of 19,612,368 as of 2010. The city is the country's political, cultural, and educational center, and home to the headquarters for most of China's...
- GuangzhouGuangzhouGuangzhou , known historically as Canton or Kwangchow, is the capital and largest city of the Guangdong province in the People's Republic of China. Located in southern China on the Pearl River, about north-northwest of Hong Kong, Guangzhou is a key national transportation hub and trading port...
- ShanghaiShanghaiShanghai is the largest city by population in China and the largest city proper in the world. It is one of the four province-level municipalities in the People's Republic of China, with a total population of over 23 million as of 2010...
- WuhanWuhanWuhan is the capital of Hubei province, People's Republic of China, and is the most populous city in Central China. It lies at the east of the Jianghan Plain, and the intersection of the middle reaches of the Yangtze and Han rivers...
- ChengduChengduChengdu , formerly transliterated Chengtu, is the capital of Sichuan province in Southwest China. It holds sub-provincial administrative status...
- Beijing
- FranceFranceThe French Republic , The French Republic , The French Republic , (commonly known as France , is a unitary semi-presidential republic in Western Europe with several overseas territories and islands located on other continents and in the Indian, Pacific, and Atlantic oceans. Metropolitan France...
- ParisParisParis is the capital and largest city in France, situated on the river Seine, in northern France, at the heart of the Île-de-France region...
- Paris
- GermanyGermanyGermany , officially the Federal Republic of Germany , is a federal parliamentary republic in Europe. The country consists of 16 states while the capital and largest city is Berlin. Germany covers an area of 357,021 km2 and has a largely temperate seasonal climate...
- FrankfurtFrankfurtFrankfurt am Main , commonly known simply as Frankfurt, is the largest city in the German state of Hesse and the fifth-largest city in Germany, with a 2010 population of 688,249. The urban area had an estimated population of 2,300,000 in 2010...
- Frankfurt
- IndiaIndiaIndia , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
- MumbaiMumbaiMumbai , formerly known as Bombay in English, is the capital of the Indian state of Maharashtra. It is the most populous city in India, and the fourth most populous city in the world, with a total metropolitan area population of approximately 20.5 million...
- Mumbai
- IndonesiaIndonesiaIndonesia , officially the Republic of Indonesia , is a country in Southeast Asia and Oceania. Indonesia is an archipelago comprising approximately 13,000 islands. It has 33 provinces with over 238 million people, and is the world's fourth most populous country. Indonesia is a republic, with an...
- JakartaJakartaJakarta is the capital and largest city of Indonesia. Officially known as the Special Capital Territory of Jakarta, it is located on the northwest coast of Java, has an area of , and a population of 9,580,000. Jakarta is the country's economic, cultural and political centre...
- Jakarta
- ItalyItalyItaly , officially the Italian Republic languages]] under the European Charter for Regional or Minority Languages. In each of these, Italy's official name is as follows:;;;;;;;;), is a unitary parliamentary republic in South-Central Europe. To the north it borders France, Switzerland, Austria and...
- MilanMilanMilan is the second-largest city in Italy and the capital city of the region of Lombardy and of the province of Milan. The city proper has a population of about 1.3 million, while its urban area, roughly coinciding with its administrative province and the bordering Province of Monza and Brianza ,...
- Milan
- JapanJapanJapan is an island nation in East Asia. Located in the Pacific Ocean, it lies to the east of the Sea of Japan, China, North Korea, South Korea and Russia, stretching from the Sea of Okhotsk in the north to the East China Sea and Taiwan in the south...
- TokyoTokyo, ; officially , is one of the 47 prefectures of Japan. Tokyo is the capital of Japan, the center of the Greater Tokyo Area, and the largest metropolitan area of Japan. It is the seat of the Japanese government and the Imperial Palace, and the home of the Japanese Imperial Family...
- Tokyo
- KoreaKoreaKorea ) is an East Asian geographic region that is currently divided into two separate sovereign states — North Korea and South Korea. Located on the Korean Peninsula, Korea is bordered by the People's Republic of China to the northwest, Russia to the northeast, and is separated from Japan to the...
- SeoulSeoulSeoul , officially the Seoul Special City, is the capital and largest metropolis of South Korea. A megacity with a population of over 10 million, it is the largest city proper in the OECD developed world...
- Seoul
- SwedenSwedenSweden , officially the Kingdom of Sweden , is a Nordic country on the Scandinavian Peninsula in Northern Europe. Sweden borders with Norway and Finland and is connected to Denmark by a bridge-tunnel across the Öresund....
- StockholmStockholmStockholm is the capital and the largest city of Sweden and constitutes the most populated urban area in Scandinavia. Stockholm is the most populous city in Sweden, with a population of 851,155 in the municipality , 1.37 million in the urban area , and around 2.1 million in the metropolitan area...
- Stockholm
- United KingdomUnited KingdomThe United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
- LondonLondonLondon is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...
- London
- United StatesUnited StatesThe United States of America is a federal constitutional republic comprising fifty states and a federal district...
- BostonBostonBoston is the capital of and largest city in Massachusetts, and is one of the oldest cities in the United States. The largest city in New England, Boston is regarded as the unofficial "Capital of New England" for its economic and cultural impact on the entire New England region. The city proper had...
- ChicagoChicagoChicago is the largest city in the US state of Illinois. With nearly 2.7 million residents, it is the most populous city in the Midwestern United States and the third most populous in the US, after New York City and Los Angeles...
- Dallas
- New YorkNew YorkNew York is a state in the Northeastern region of the United States. It is the nation's third most populous state. New York is bordered by New Jersey and Pennsylvania to the south, and by Connecticut, Massachusetts and Vermont to the east...
- San Francisco
- Washington, D.C.Washington, D.C.Washington, D.C., formally the District of Columbia and commonly referred to as Washington, "the District", or simply D.C., is the capital of the United States. On July 16, 1790, the United States Congress approved the creation of a permanent national capital as permitted by the U.S. Constitution....
- Boston
- AmericasAmericasThe Americas, or America , are lands in the Western hemisphere, also known as the New World. In English, the plural form the Americas is often used to refer to the landmasses of North America and South America with their associated islands and regions, while the singular form America is primarily...
- Sao PauloSão PauloSão Paulo is the largest city in Brazil, the largest city in the southern hemisphere and South America, and the world's seventh largest city by population. The metropolis is anchor to the São Paulo metropolitan area, ranked as the second-most populous metropolitan area in the Americas and among...
- Sao Paulo
Notable alumni
Some of the more notable figures in the Singapore government, business and the community circles have been associated with EDB as Board members or staff:- Political & Public Service
- Lim Swee SayLim Swee SayLim Swee Say is a politician from Singapore. A member of the governing People's Action Party , he is currently a Cabinet Minister in the Prime Minister's Office and the Secretary-General of the National Trades Union Congress....
, MinisterMinister (government)A minister is a politician who holds significant public office in a national or regional government. Senior ministers are members of the cabinet....
Prime Minister's OfficePrime Minister's Office (Singapore)The Prime Minister's Office is a ministry of the Government of Singapore that handles the ministries and other political matters that are of great importance to the nation, such as corruption and elections. It is headed by the Prime Minister and his top political staff... - Philip YeoPhilip YeoPhilip Yeo Liat Kok is the Chairman of both SPRING Singapore and Singbridge International Investments. He was formerly the Special Adviser for Economic Development in the Prime Minister's Office from April 2007 to August 2011. Until 2007, he was the chairman of A*STAR, a government agency in...
; Special Advisor for Economic Development (Prime Minister's OfficePrime Minister's Office (Singapore)The Prime Minister's Office is a ministry of the Government of Singapore that handles the ministries and other political matters that are of great importance to the nation, such as corruption and elections. It is headed by the Prime Minister and his top political staff...
), Chairman SPRING Singapore - Lee Yi Shyan, Minister of State (Trade & IndustryMinistry of Trade and Industry (Singapore)The Ministry Of Trade and Industry is a ministry of the Government of Singapore that directs the formulation of policies related to the development of trade and industry in Singapore.-Mission:...
, ManpowerMinistry of Manpower (Singapore)The Ministry of Manpower is a ministry of the Government of Singapore that directs the formulation and implementation of policies related to manpower in Singapore.-Mission:...
) - Dr Tan Chin Nam, Chairman Media Development AuthorityMedia Development AuthorityThe Media Development Authority is a statutory board of the Singapore Government, under the Ministry of Information, Communications and the Arts .-History:...
- Teo Ming Kian, Permanent SecretaryPermanent SecretaryThe Permanent secretary, in most departments officially titled the permanent under-secretary of state , is the most senior civil servant of a British Government ministry, charged with running the department on a day-to-day basis...
(FinanceMinistry of Finance (Singapore)The Ministry of Finance , is a ministry of the Government of Singapore responsible for administering and regulating financial institutions and structures of the economy of Singapore. It is headed by the Minister for Finance...
, National Research & Development) - Ho Meng Kit, Deputy Secretary (Management, MFAMinistry of Foreign Affairs (Singapore)The Ministry of Foreign Affairs is a ministry of the Government of Singapore responsible for conducting and managing diplomatic relations between Singapore and other countries. It is headed by the Minister for Foreign Affairs, the office currently held by K...
) - Chong Lit Cheong, CEO, International Enterprise SingaporeInternational Enterprise SingaporeInternational Enterprise Singapore , or IE Singapore, is a statutory board under the Ministry of Trade and Industry of the Singapore Government that facilitates the overseas growth of Singapore-based companies and promotes international trade.-Purpose:...
- Aw Kah Peng, Chief Executive, Singapore Tourism BoardSingapore Tourism BoardThe Singapore Tourism Board is a statutory board under the Ministry of Trade and Industry of Singapore, tasked to promote the country's tourism industry.-History:...
- Manohar Khiatani, CEO, JTC Corporation
- Png Cheong Boon, CEO, SPRING Singapore
- Lee Suan Hiang, CEO, National Arts CouncilNational Arts Council SingaporeThe National Arts Council of Singapore was established in September 1991 "to nurture the arts and make it an integral part of life in Singapore.-History :...
- Liew Heng San, CEO, Central Provident Fund BoardCentral Provident FundIn Singapore, the Central Provident Fund is a compulsory comprehensive savings plan for working Singaporeans and permanent residents primarily to fund their retirement, healthcare and housing needs. It is administered by the Central Provident Fund Board, a statutory board under the Ministry of...
- Chua Taik Him, Deputy CEO, International Enterprise SingaporeInternational Enterprise SingaporeInternational Enterprise Singapore , or IE Singapore, is a statutory board under the Ministry of Trade and Industry of the Singapore Government that facilitates the overseas growth of Singapore-based companies and promotes international trade.-Purpose:...
- Baey Yam Keng, MP (Tanjong PagarTanjong PagarTanjong Pagar is a historic district located within the Central Business District in Singapore, straddling the Outram Planning Area and the Downtown Core under the Urban Redevelopment Authority's urban planning zones....
) - Yeo Cheow Tong, MP (Hong Kah)
- Lim Swee Say
- Business and the community
- S DhanabalanS DhanabalanSuppiah Dhanabalan was a high-profile political leader in Singapore in the 1980s. He was appointed to several heavyweight cabinet positions in the 1980s and early 1990s under Prime Ministers Lee Kuan Yew and Goh Chok Tong....
, Chairman Temasek HoldingsTemasek HoldingsTemasek Holdings is an investment company owned by the government of Singapore. With an international staff of 380 people, it manages a portfolio of about S$193 billion at end of March 2011, focused primarily in Asia... - Lim Siong GuanLim Siong GuanLim Siong Guan is the current Group President of the Government of Singapore Investment Corporation .-Biography:Lim was educated at the Anglo-Chinese School, Singapore. He was awarded the President’s Scholarship to study at the University of Adelaide, Australia, where he graduated with First Class...
, Group President Government of Singapore Investment Corporation Private Limited (GIC)Government of Singapore Investment CorporationThe Government of Singapore Investment Corporation Private Limited is a sovereign wealth fund established by the Government of Singapore in 1981 to manage Singapore's foreign reserves... - Wong Ngit Liong, Chairman & CEO Venture Corporation LimitedVenture CorporationVenture Corporation Limited is a high-tech design and manufacture firm based in Singapore.The company is involved in complex circuit boards and complex fiber optic/photonics equipment.Venture is a listed component of the Straits Times Index....
; Chairman NUSNational University of SingaporeThe National University of Singapore is Singapore's oldest university. It is the largest university in the country in terms of student enrollment and curriculum offered....
Board of Trustees - Gong Wee Lik, Centric Director (Membership Communities), NTUCNational Trades Union CongressThe National Trades Union Congress , also known as the Singapore National Trades Union Congress , is the sole national trade union centre in Singapore...
- Loh Wai Kiew, CEO/Vice President, ShellRoyal Dutch ShellRoyal Dutch Shell plc , commonly known as Shell, is a global oil and gas company headquartered in The Hague, Netherlands and with its registered office in London, United Kingdom. It is the fifth-largest company in the world according to a composite measure by Forbes magazine and one of the six...
Marine Products
- S Dhanabalan