30-member committee assembled to plot the future of Singapore's economy

(From left) Azmoon Ahmad, Edward Chia and Mariam Jaafar will be part of a 30-member committee that will develop economic strategies for Singapore's future. PHOTOS: BERITA HARIAN, EDWARD CHIA,

SINGAPORE - A committee formed to develop economic strategies for Singapore's future will be made up of 30 members, including government officials and leaders of companies large and small.

Called the Committee on the Future Economy, the group aims to complete its work by the end of 2016.

The committee is chaired by Finance Minister Heng Swee Keat, with Minister for Trade and Industry (Industry) S Iswaran as deputy chairman. Acting Minister for Education (Higher Education and Skills) Ong Ye Kung; Minister for National Development Lawrence Wong; and Secretary-General of the National Trades Union Congress Chan Chun Sing are also on the committee.

However, the majority of the committee - 25 out of 30 members - comprises leaders of multinational companies such as Shell and the Boston Consulting Group, as well as local enterprises such as the Timbre Group, ST Engineering, and Sing Lun Holdings.

Prime Minister Lee Hsien Loong said in October that the task of preparing Singapore for the future is an urgent one. Singapore will have to grapple with challenges such as a leaner workforce, tapering growth, and a weaker global economy, he noted.

The practice of setting up such a unit is not new.

In 2001, then-PM Goh Chok Tong created the Economic Review Committee - chaired by Mr Lee who was Deputy PM at that time - to review policies and propose appropriate strategies to promote further growth in the Singapore economy.

About eight years later in 2009, PM Lee himself commissioned the Economic Strategies Committee - led by then-Finance Minister Tharman Shanmugaratnam - to brainstorm new and creative ways to ensure the economy's long-term growth.


Here's a look at the 25 members who come from the private sector:

1. Azmoon Ahmad, 53

Senior Vice President and Member of Executive Management, Desay SV Automotive

PHOTO: BERITA HARIAN

2. Christian Bischoff, 56

Founder and Executive Chairman, Pan Asia Logistic

ST PHOTO: CHEW SENG KIM

3. Jean-Luc Butel, 59

President, K8 Global, and Senior Advisor, McKinsey & Company

Jean-Luc Butel (right) with former Minister for Manpower Gan Kim Yong at the official opening of Medtronic's Asia and International headquarters in Singapore. PHOTO: LIANHE ZAOBAO

4. Bill Chang, 49

Country Chief Officer, Singapore and CEO, Group Enterprise, Singtel Ltd

PHOTO: SINGTEL

5. Cham Hui Fong, 47

Assistant Secretary-General and Director, Industrial Relations, National Trades Union Congress

ST PHOTO: T.K. RAJU

Co-Founder and Managing Director, Timbre Group

PHOTO: EDWARD CHIA

7. Chia Yong Yong, 53

Partner, Yusarn Audrey

PHOTO: YUSARN AUDREY

8. Susan Chong, 46

Founder and CEO, Greenpac

PHOTO: THE BUSINESS TIMES

9. Vincent Chong, 46

President and CEO (Designate), ST Engineering Ltd

PHOTO: ST ENGINEERING

10. Rachel Eng, 44

Joint Managing Partner, WongPartnership

ST PHOTO: ONG WEE JIN

11. Goh Swee Chen, 55

Chairman, Shell Companies in Singapore

PHOTO: LIM YAOHUI FOR THE STRAITS TIMES

12. Han Kwee Juan, 48

CEO, Citibank Singapore Ltd

PHOTO: CITIBANK

13. Mariam Jaafar, 38

Partner and Managing Director (Singapore), The Boston Consulting Group

PHOTO: BERITA HARIAN

14. Mark Lee, 42

CEO, Sing Lun Holdings Limited

PHOTO: SING LUN HOLDINGS

15. Forrest Li, 38

Founder, Chairman and Group CEO, Garena

ST PHOTO: ALICIA CHAN

16. Lim Chow Kiat, 45

Group Chief Investment Officer, GIC

PHOTO: LIANHE ZAOBAO

17. Lim Der Shing, 40

PHOTO: CFE

Venture Partner, Jungle Ventures, and Co-Founder and former CEO, JobsCentral Group

Active Angel Investor in 13 ASEAN tech start-ups and various tech VCs. Co-founder and former CEO of JobsCentral Group, a regional job portal. Serves as a District Councillor with Southwest Community Development Council; Board of Directors of the Action Community of Entrepreneurs (ACE); and SPRING's Sub-Committee on Innovation and Enterprise (SCIE) Industry Expert Panel.


18. Harish Manwani, 63

Global Executive Advisor, Blackstone, Private Equity, and Former COO, Unilever

PHOTO: BERITA HARIAN

19. Dilhan Pillay Sandrasegara, 52

Head, Enterprise Development Group, Temasek Holdings

PHOTO: THE BUSINESS TIMES

20. Saktiandi Supaat, 42

Executive Vice President, Head of FX Research, Global Markets, Global Banking, Maybank Group

PHOTO: THE BUSINESS TIMES

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