Unilever opens 50 million euro leadership training institute in Singapore

Attracting, grooming and retaining talent is one of the most important tasks for countries in this globalised world, Prime Minister Lee Hsien Loong said on Friday.

While China and India are now realising the importance of talent, Singapore has long recognised that people are its only true resource, Mr Lee said at the opening of business consumer giant Unilever's new global training centre in Singapore.

As such, the Republic will continue to invest in its people through education, skills training and building a strong Singapore core in the workforce, Mr Lee added.

The company's new global leadership development institute called Four Acres Singapore will train more than 3,000 of the company's senior management each year.

It will run more than 90 residential programmes yearly, lasting four to five days each.

The new facility is the global giant's second leadership training centre - the first, also called Four Acres, was established in London in the 1950s.