Ascendas-Singbridge Business Forum 2016

4 Jul 2016

Ascendas-Singbridge brought together 25 guests and industry experts who shared valuable insights on the current global economic environment and relevant issues, and available financial assistance that impact small and medium-sized enterprises (SME) today at our Business Forum.

The Business Forum is part of a series of events and activities organised by Ascendas-Singbridge to build a vibrant community and to help foster greater business opportunities amongst our tenants.


Mr Francis Tan is an economist with United Overseas Bank’s Global Economics & Markets Research team and covers Asian macroeconomic research. He provides regular economics commentaries on both English and Mandarin TV channels and is frequently quoted in the media. Before joining UOB in 2012, Francis was an investment strategist at Phillip Capital where he developed a systematic investment approach for discretionary portfolios. Prior to that, Francis served as an Investment Manager in the wealth management arm of the Royal Bank of Scotland. His career also included stints as an economist at the Ministry of Trade and Industry and the Singapore Tourism Board, where he specialised in Tourism Economics.

He shared his analysis of the impact on businesses of the recent Brexit vote and how years of unconventional monetary policies had not resulted in any significant economic recovery.

Mr Chai Wai Fook has over 20 years of tax experience. He is the Tax Accounting and Risk Advisory Services leader for ASEAN and Singapore at Ernst & Young Solutions LLP. Apart from being responsible for corporate tax compliance for clients, he is also actively involved in negotiating with the IRAS for tax rulings and advising clients on international and corporate tax planning and tax accounting. Additionally, he speaks regularly at internal and external seminars.

He shared details of the Singapore Budget 2016 and how it could help the SMEs.

Mr Alvin Soh, Senior Manager from Spring Singapore shared how SPRING Singapore’s Capability Development Grant (CDG) can support up to 70% of qualifying costs of business capability building projects.

The CDG is a financial assistance scheme to help local firms, especially SMEs, build capabilities and become more competitive.

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