Singapore Economic Development Board (EDB)

Selamat Hari Raya Aidilfitri! EDB wishes all our Muslim friends and partners a joyful and blessed celebration.

Ready to take the next step in your business #expansion strategy? 🌏     The Workshop by EDB gives you direct access to experts and tailored strategies to help your company navigate market entry and secure the top talent you need to thrive in #SoutheastAsia.    Working with partners like DBS Bank, Acclime, Hawksford, Asia Market Entry , G-P, and Pasona Singapore Pte. Ltd., our nine curated Workshops cover topics such as:  ⚪ Banking and financial solutions  ⚪ Setting up for success in Singapore and Southeast Asia  ⚪ Talent acquisition and recruitment strategies  ⚪ Scaling growth opportunities in industries like healthcare, advanced manufacturing and sustainability     Sign up today to gain personalised advice on how #Singapore can support your market expansion plans: https://lnkd.in/gYiCEWfS

Here's all you need to know about Singapore’s #Budget2025 and how we are supporting businesses as they navigate cost issues, competition and transformation. From tax rebates and workforce development grants to enhanced funding for high-value investments and #AI capabilities, #Singapore is committed to helping companies and the workforce stay relevant and achieve long-term growth. Read our round-up of the Budget 2025 measures that seek to: 1️⃣ Tackle cost pressures and resource constraints 2️⃣ Prioritise R&D and innovation to grow strong enterprises 3️⃣ Strengthen Singapore’s advantage in AI 4️⃣ Boost skills upgrading and workforce transformation 5️⃣ Enable us to stay the course on climate action 6️⃣ Build Singapore’s ecosystem and leading enterprises of the future 7️⃣ Better connect Singapore to the region and the world #YourBusinessNeedsSG

Why did Suntory Holdings Limited choose #Singapore to launch its global #blockchain business? Chief Digital Innovation Officer Rio Popeye Inaba put it down to Singapore’s clear and transparent regulatory framework, skilled talent pool and vibrant digital ecosystem - providing Suntory with a strong foundation to pursue innovation in the Web 3.0 space. Companies from across the globe are using Singapore as a safe and stable base to create, test and export innovative solutions to the region and beyond. Hear from Popeye on how his team is developing a new blockchain platform to ensure the authenticity of its premium products for customers. Learn more here: https://lnkd.in/gwv9fHM4 #YourBusinessNeedsSG

#ICYMI: Singapore’s #Budget2025 contained several workforce transformation measures. Here are three things that businesses need to know: 1️⃣ More help for companies to upgrade their workforce: S$400m has been set aside for the new Enterprise Workforce Transformation Package. It comprises a new SkillsFuture Workforce Development Grant with a simplified application process, enhanced funding support of up to 70% for job redesign activities, and the provision of SkillsFuture Enterprise Credits to offset out-of-pocket expenses on workforce transformation programmes. 2️⃣ Empowering workers to build their career health: New initiatives include Continuing Education and Training programmes and higher training allowances for workers at different career stages. EDB has collaborated with industry partners and the Singapore Institute of Technology on an Electrical and Electronics Engineering degree for in-employment diploma holders in manufacturing roles. 3️⃣ Expanding leadership development opportunities for Singaporeans: The capacity for overseas postings and leadership milestone programmes offered by the government will be expanded from 400 to 700 participants a year. To support aspiring Singaporean leaders, the Singapore Leaders Network (SGLN) will also be enhanced to provide overseas transition support, as well as to scale up networking events, mentorship opportunities and the flagship SGLN Fellowship programme. Learn more about the initiatives here: https://lnkd.in/gWGQHm_H #MTICOS2025

Over 8 in 10 companies rank #innovation among their top three priorities but few (only 3%) are able to embark on #corporateventuring to unlock business value from new ideas. #GenerativeAI can be a game-changer in this, according to a new report by BCG X developed in partnership with EDB. Companies can accelerate the venture building process by using Gen AI tools and technologies to generate venture ideas, test concepts and validate opportunities. This helps businesses fast-track the journey from ideation to commercialisation by enhancing decision-making and minimising risks. Download the report now to learn how your business can use Gen AI to accelerate innovation. #VenturesMadePossible

Poised to be the world’s 4th largest economy by 2030, Southeast Asia is emerging as a critical player in enabling the global transition to #netzero. The region is rich in renewable energy such as solar and wind and hosts 25% of the world’s supply of Nature-based Solutions, which can be a promising source of carbon credits.   #Singapore is committed to supporting companies in decarbonising and achieving their climate goals. There are over 140 carbon services firms here that corporates can tap on.    Singapore is also developing itself as a centre of gravity for carbon services firms to access growing demand and collaboration opportunities. Swipe to learn more!   Discover how Singapore can support your business in capturing the region’s #greengrowth potential: https://lnkd.in/gdvKmxPY

Companies across different sectors are using #AI to power #innovation from Singapore, and The HEINEKEN Company is among them. The international brewer has launched its first Global Generative AI Lab to enhance growth, productivity, and customer engagement. Established in collaboration with AI Singapore, the lab will develop AI solutions to support its business operations globally – from automated marketing and intelligent financial reporting to next-gen customer support. HEINEKEN will work with AI Singapore to assemble a team of experts by end-2025. HEINEKEN has been in Singapore for over nine decades and has its APAC hub here. What makes Singapore the location to drive business transformation through the AI Lab? It’s the “exceptional AI ecosystem, skilled talent and supportive government”, says APAC MD Kenneth Choo. Find out how HEINEKEN intends to deploy scalable GenAI solutions across critical business areas and accelerate its digital transformation journey from Singapore: https://lnkd.in/gDsh4rDs

For Salesforce CEO and co-founder Marc Benioff, #Singapore is “the place to be” for global companies that want to be part of Asia’s growth story. Salesforce set up its first office outside the US in Singapore over two decades ago, he says, knowing that the country would be a key #hub for #SoutheastAsia. What makes the region exciting? The opportunities for growth for companies of all sizes, allowing them to deliver “incredible new capabilities” across organisations, he adds. Salesforce is investing US$1b in Singapore over the next five years - watch our interview with Marc at NBCUniversal and CNBC International’s CONVERGE LIVE summit. #YourBusinessNeedsSG

For tech companies like SAP, Singapore is a choice location to build innovative products for the region and beyond. Singapore’s strong #talent pool and robust R&D ecosystem are among the key reasons, says the company’s Senior Vice President, Head of Global SAP Labs Network, Prof. Dr. Clas Neumann. It’s also why the German tech giant has continuously deepened its presence here, establishing SAP Labs in 2022. Today, SAP Labs, which drives the development of #AI features across SAP’s entire enterprise product suite, has tripled its headcount to 420 – including 200 AI engineers. Many of them are homegrown talent from local universities including National University of Singapore (NUS) and Nanyang Technological University Singapore. To further drive the development of AI solutions for the region and beyond, SAP Labs will collaborate with NUS on postgraduate training for nine AI researchers, supported by EDB’s Industrial Postgraduate Programme (IPP). The IPP helps leading companies nurture local talent to drive R&D that benefits their business and the broader industry. Corporates in Singapore are continuing to expand their AI activities here. Find out how SAP’s team in Singapore is playing a central role in delivering value for the business: https://lnkd.in/g6gEDw2P