Douglas Foo steps down from SMF presidency

SINGAPORE Manufacturing Federation (SMF) president Douglas Foo has stepped down from his leadership role at the trade association, The Business Times has learnt. The move is said to have been effective since Feb 25.

Sources said that Ryan Chioh, the current deputy president, will be acting president in the interim until a new president takes office. Chioh is managing director of FarEastFlora.com.

It is not immediately clear why Foo is stepping down. In response to BT queries, SMF said that it would "soon" release a press statement which would also have details of the new president.