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Economic Development Board

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For the Australian agency, see Economic Development Board (South Australia).

Singapore
Economic Development Board
File:EDB logo.jpg
Logo of the EDB
Agency overview
Formed1 August 1961; 63 years ago (1961-08-01)
JurisdictionGovernment of Singapore
Headquarters250 North Bridge Road, #28-00, Raffles City Tower, Singapore 179101
1°18′0″N 103°53′10″E / 1.30000°N 103.88611°E / 1.30000; 103.88611
Employees~500 (2009)
Agency executives
  • Beh Swan Gin, Chairman
  • Chng Kai Fong, Managing Director
Parent agencyMinistry of Trade and Industry
Websitehttp://www.edb.gov.sg
Economic Development Board
Chinese name
Traditional Chinese經濟發展局
Simplified Chinese经济发展局
Transcriptions
Standard Mandarin
Hanyu PinyinJīngjì fāzhǎn jú
Malay name
MalayLembaga Pembangunan Ekonomi
Tamil name
Tamilபொருளியல் வளர்ச்சிக் கழகம்

The Economic Development Board (EDB) is a statutory board of the Government of Singapore that plans and executes strategies to sustain Singapore as a leading global hub for business and investment.

Overview

The EDB is the lead government agency for planning and executing strategies to enhance Singapore'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.[citation needed]

Since 1 April 2019, the EDB manages DesignSingapore Council, the national agency for design. This is done to help companies expand beyond Singapore.[1][2] It also manages Singapore Global Network, which was set up in 2019 to grow Singapore's networks and connections around the world[3].

The EDB maintains 18 international offices in 13 countries (Australia, China, France, Germany, India, Indonesia, Japan, South Korea, Sweden, Switzerland, United Kingdom, United States & Brazil).

In November 2020, EDB announced plans to launch a new working visa Tech.Pass starting from January 2021 to attract more high calibre talent into the country.[4] 500 permits will be issued on a first-come, first-serve basis.

Notable alumni

Some of the more notable figures in the Singapore government, business and the community circles have been associated with the EDB as Board members or staff are:

References

  1. ^ "DesignSingapore Council to transfer to EDB under MTI to drive design innovation across industries and enable growth beyond Singapore". MCI. 1 November 2018. Retrieved 24 September 2019.
  2. ^ "DesignSingapore Council to become EDB agency to help local companies expand beyond Singapore". The Straits Times. 1 November 2018. Retrieved 30 June 2019.
  3. ^ "EDB unit wants to go beyond keeping Singaporeans in touch". The Straits Times. 2 January 2020.
  4. ^ "Singapore to Issue Tech Pass Visa in 2021: Key Features". ASEAN Business News. 19 November 2020. Retrieved 7 December 2020.
  5. ^ "NUS Chairman Wong Ngit Liong to step down, succeeded by Hsieh Fu Hua". news.nus.edu.sg. National University of Singapore. Retrieved 26 October 2016.
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