DPM Tharman to chair EDB's International Advisory Council
Published on Apr 24, 2014 9:34 AM
SINGAPORE - Deputy Prime Minister Tharman Shanmugaratnam will take over as chairman of the Economic Development Board's (EDB) International Advisory Council (IAC) with effect from May 1, the agency said on Thursday.
Mr Tharman, who is also Finance Minister, will replace Deputy Prime Minister Teo Chee Hean, who has served as the Council's chairman since 2007.
Under Mr Teo's tenure, Singapore intensified its research and development and innovation-led activities and moved towards a more productivity-driven economy, said the EDB.
Last year, the Council endorsed EDB's "Home" strategy to develop Singapore as a hub for global and Asian companies to drive revenue growth and create more business opportunities.
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