Trade associations, chambers critical in Forward Singapore exercise: Low Yen Ling

PARTICIPATION of not just individuals or Singaporeans, but trade associations and chambers (TACs) and business associations is critical in the Forward Singapore exercise, said Low Yen Ling, Minister of State for Trade and Industry on Wednesday (Sep 7).

The exercise is a movement that aims to review and refresh the country's social compact.

TACs shine the light on emerging opportunities and challenges in their respective sectors. They also play a critical role in supporting their members who are seeking to "future-proof" their operations, such as in achieving net-zero carbon emissions by 2050, noted Low during a fireside chat at a TAC networking event organised by the Singapore Business Federation (SBF).

The event saw some 100 presidents, chairpersons, council members and heads of secretariats from more than 50 of such TACs in attendance.

"No single government has all the answers to how the sector will emerge in the next 10 to 20 years. So we really need to work with you, the private sector leaders, the TACs to co-create the economic opportunities so we hopefully enlarge the pie for our fellow Singaporeans and businesses based here," Low said.

Meanwhile, the OneTAC SG platform, a collaborative tool to strengthen partnerships within the TAC community, was launched at the same event.

The platform enables information sharing and enhances internal capabilities of TACs in Singapore, and is part of SBF's efforts to enable a strong TAC community and business ecosystem in Singapore.

Key features of the platform include the TAC and user directory, event calendar, communities and groups, direct messaging, as well as resource hubs.

"OneTAC SG is open to all TACs in Singapore and their secretariat staff and will enable them to share and connect with one another as well as receive the latest updates on policies, initiatives and events from the government, TACs and other business stakeholders," the SBF said.

OneTAC SG helps TACs to come together on a common platform, share information, and harness more participation across industries, said Phua Boon Huat, president of Singapore Furniture Industries Council.



BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to