EDB revamp to boost foreign investments, local enterprises

The aim is to get the companies to plan and think about a longer-term investment in Singapore, said EDB's managing director Chng Kai Fong.
The aim is to get the companies to plan and think about a longer-term investment in Singapore, said EDB's managing director Chng Kai Fong.PHOTO: ST FILE

The Economic Development Board (EDB) has introduced changes in the way it works as it moves to bolster foreign investment and boost local enterprises.

Staff has been sorted into three streams so it can build deeper relationships with companies, better attract promising businesses and generate financing for local start-ups.

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A version of this article appeared in the print edition of The Straits Times on January 07, 2019, with the headline 'EDB revamp to boost foreign investments, local enterprises'. Print Edition | Subscribe