Orientation For SBF Members 21 September 2020
SBF Membership – What’s In It For Your Company? 21 September 2020
Agenda
Our History The SBF Act • In 1998, then-Prime Minister Mr Goh Chok Tong urged the Singapore Federation Of Chambers of Commerce and Industry (SFCCI) to examine how it could restructure itself, so as to enhance its effectiveness in serving members, as well as better promote Singapore’s national interest • SFCCI rose to the challenge and proposed the formation of Singapore Business Federation (SBF) • SBF Act was passed by Parliament and became law on 5 Oct 2001 and SBF was formed on 1 Apr 2002
Our History The SBF Act SBF Act 2001 Sec.5 (1): Membership of Federation Every — • (a) Local company which has a paid-up share capital of or above the amount of S$500,000; and • (b) Foreign company which has an authorized share capital of or above the amount of S$500,000, • shall become, by virtue of this section and without election, admission or appointment, a member of the Federation..
We empower Singapore businesses. MISSION VISION We champion the interests of The apex platform promoting our business community in the growth and vibrancy of Singapore and internationally, the Singapore business and act as the bridge between community. businesses and the Government. KEY PILLARS Bridging Businesses Beyond Borders Enabling Enterprises Doing Good Business We are the bridge between We help our companies go We help our companies expand Through the SBF Foundation and global and build bilateral, and build capabilities so they Global Compact Network Singapore’s business community and the government. regional and multi-lateral can be future-ready. Singapore, we help companies relationships. do well and do good.
SBF Membership (Statutory) Paid-up capital / Authorised Share Capital Annual Fees* S$10m & above S$800 S$5m - less than S$10m S$600 S$1m - less than S$5m S$400 S$0.5m - less than S$1m S$300 *prevailing GST rates applicable
SBF Membership (Associate) One-time Types Annual Fees* Entrance Fee* a. Local & Foreign companies whose paid up share capital is less than S$0.5m S$300 S$300 b. Associations / Chambers / Societies registered in Singapore S$300 S$1,000 c. Local and / or foreign organisations not under any of the above categories S$300 S$500 *prevailing GST rates applicable
New Member Welcome Pack SBF Constitution SBF Membership Certificate
Our Members Hotels, Restaurants & Education Accommodation 1% As of Dec 2019, SBF represents 27,200 Real Estate Activities 3% 3% Wholesale Trade Retail Trade companies as well as local and foreign 1% 21% 1% 1% 3% chambers and key national industry Administrative & Support Service associations from business sectors that Activities 4% contribute significantly to Singapore’s 1 to 5 million Banking and Insurance economy. 5% 0.5 to Logistics and 1.0 5 to 10 Transportation Top 5 Industries Other Financial and million million 5% Insurance Activities 10 million ✓ Wholesale Trade 15% and IT and Related Services above ✓ Financial and Insurance 6% ✓ Manufacturing ✓ Professional Services Construction and Civil Manufacturing Engineering ✓ Construction & Civil Engineering 12% 8% Professional Services 9%
Engagement with the Government Dialogue with Deputy Prime Minister Dialogue with Heng Swee Keat Minister for Manpower Ms Josephine Teo (Mar, Aug 2020)
Outreach briefings • Key Economic Trends • National Budget • Government Initiatives that impact business community • National Wage and Employment legislation changes • New or amended business legislation and policies • Other key policies such as PDPA, CPF
Training & Events Themed workshops on E-Business Solution SME Go Digital Courses by SBF Finance & Tax Matters Series webinars industry forums Business Institute Events, seminars and workshops on various topics including: Digitalisation, digital marketing, online selling, data analytics, social media Financial accounting, cashflow management, budgeting Developing HR skills and competencies, employment practices Management, resilience and leadership development Internationalisation, market outlook, understanding Free Trade Agreements Supply chain management, business process re-engineering
Internationalisation (Market Focus) Emerging Regional Markets: Indonesia, Myanmar and Vietnam Deepen engagement with existing markets: • North Asia (China, Japan and Korea) • Southeast Asia (Philippines, Malaysia, Cambodia) • South Asia (India and Sri Lanka) Trailblazer in new frontier markets: Bangladesh, Pakistan, Africa, GCC, Iran
Internationalisation (Market Focus) Areas of Work: • Increase Market Knowledge • Making Connections
SBF’s COVID – 19 Response • Manpower and Jobs o SGUnited Jobs Initiative o SGUnited Traineeships Programme o SGUnited Mid-Career Pathways Programme • Capability Building and Resilience o SBF Rising in Support of Enterprises (RISE) Programme o Business Resilience Advisory Programme (BRAP) • Help and Support o SBFF Compassion Fund
Manpower & Jobs SGUnited Mid-Career SGUnited Jobs SGUnited Traineeships SBF Manpower Connect Pathways Provide employment Provide fresh graduates Helps companies better opportunities for job with traineeship manage migrant workers Attachment programme to seekers, in collaboration opportunities across needs - connect companies support mid-career with TACs various sectors with excess migrant workers individuals in skills, to companies facing networks and experience shortage of these workers 19
Building Capabilities and Resilience, Providing Help and Support SBF Rising In Support of Business Resilience SBFF Industry-Led Enterprises (RISE) Advisory Programme Compassion Fund Programme Over 800 participants have attended SBF is supporting TACs and their webinars, advisory sessions, & free Supporting SMEs to transform and members to set up industry-led clinics on key pertinent topics to help emerge stronger by tapping onto the Compassion Funds to help business leaders navigate and $2.5m RISE fund to defray costs in employees in need during COVID- overcome the present crisis. Partners participating in capability upgrading 19 and beyond. Seven TACs will set include Consulus, EY, Mercer, KPMG, and business growth activities up respective Funds in Phase 1 Korn Ferry, RSM.
Gathering Feedback, Engaging Stakeholders Conducted multiple surveys to seek members’ Dialogue with Government leaders on business feedback and concerns concerns and COVID-19 support measures • SBF Survey on COVID-19 Outbreak & Unity Budget 2020 (17 th Feb to 10 th Mar 2020) • SBF Webinar Poll on Unity Budget 2020 (13 th Mar 2020) • SBF Webinar Poll on Resilience Budget 2020 (2 nd Apr 2020) • Survey on Resilience / Solidarity Budgets 2020 (27 th Mar to 17 th Apr 2020) • Survey on Covid-19 and its Impact on Foreign Business Operations (25 th Mar to 17 th Apr 2020). • SBF Survey on the Impact of Extended Circuit Breaker Period till 1 June 2020 (30 th Apr to 15 th May 2020). • SBF Webinar Poll on Fortitude Budget 2020 (2 nd June 2020) • SBF Webinar Poll on COVID-19 Impact: Phase 2 Reopening and Financing Options for Businesses – Private Equity and Credit Solutions (7 th July 2020) • SBF Survey on Business Sentiments & Support that Businesses May Require in the On-going Phase 2 Post-Circuit Breaker Period (7 th to 21 st Aug 2020)
Expanded Opportunities through Collaborations SBF works closely with its valued partners to support a broad range of activities. Our partners include local and overseas government agencies, trade associations and chambers of commerce.
Facilities for Members Rental enquiries: roomrental@sbf.org.sg 6827 6838/6839/6805
www.SBF.org.sg
Members’ e -Portal • Faster online data updating, self-help and greater convenience • Online Event Registration & payment through shopping cart • View your company’s current year’s transactions or outstanding invoices • View your company’s list of contact persons • Trace your company’s participation at SBF events
Members’ e -Portal – Sign In
Reach Out to SBF Membership: MR@sbf.org.sg Events: participate@sbf.org.sg Website: www.SBF.org.sg
Face aceboo ook/Si SingaporeBusin inessFederation T wıtter/ ApexBiz izChamber Li Link nkedIn/company/Si SingaporeBusin inessFederatio ion 心想 狮城 SBF +65 6827 6828
SBF - SGUnited Manpower Programmes New Members Briefing, 21Sep 2020
SBF SGUnited Jobs 1 Agenda SBF SGUnited Traineeships 2 SBF SGUnited Mid-Career Pathways 3
SBF SGUnited Jobs Programme
About SBF SGUnited Jobs Programme As part of the SGUnited Jobs and Skills Package , the SGUnited Jobs (SGUJ) Programme was announced on 26 Mar 2020 by DPM Heng and seeks to create more than 40,000 jobs in 2020, and assist companies with manpower issues during this difficult time.
Recommend
More recommend
