New SBF Chairman Lee Tiong Hin to Boost Enterprise Resilience for Future Readiness
Lee Tiong Hin, CEO of Sing Lun Holdings, has been elected as the new chairman of the Singapore Business Federation (SBF), succeeding former chairman Chang Song Siong, who had earlier announced a temporary leave and did not seek re-election.
The SBF held its 24th Annual General Meeting on Wednesday (June 24) and elected the 13th Council, with a two-year term ending in 2028.
The SBF said in a statement that the new council has 24 members, including 12 elected councilors, 11 representatives from trade associations and chambers, and one co-opted councilor.
Among the six new councilors are Adam Click, Chairman of the American Chamber of Commerce in Singapore; Moss Hiang, President of the Restaurant Association of Singapore; Lee Teck Ming, Chairman of SGTech; and Suhaimi Zainul-Abidin, CEO of hedge fund Quantedge Capital.
During the AGM, the SBF also held its fifth Future Ready Business Dialogue, with Minister for Public Service and Defence Chan Chun Sing as guest of honour.
Themed 'System-Wide Readiness: What Changes Must Government and Businesses Make,' the dialogue brought together business leaders and policymakers to discuss how companies can strengthen resilience, build future-ready capabilities, and address growing uncertainty.
Lee Tiong Hin: Ensuring Companies Stay Competitive and Resilient
New Chairman Lee Tiong Hin, who is also a Nominated Member of Parliament, said in the statement that geopolitical tensions, rapid AI development, and shifting trade patterns are reshaping the global economy, bringing both challenges and opportunities for businesses.
'My top priority is to ensure that companies remain competitive, resilient, and future-ready. We will work closely with businesses, government, and industry partners to develop practical solutions, create a business-friendly environment, and help companies build the capabilities needed for innovation, internationalisation, and sustainable growth,' Lee said.
He also noted that Singapore will chair ASEAN next year, which is an opportunity to deepen regional economic integration and strengthen ASEAN as a key driver of global growth. SBF will partner with regional counterparts to turn these opportunities into tangible business outcomes and make ASEAN more connected, innovative, and sustainable.
Lee previously served as SBF Deputy Chairman and Treasurer. He also acted as chairman during Chang Song Siong's temporary leave.
Chang, aged 71, said in a statement in May that he would not seek re-election after his term as SBF chairman expired on June 24. He had earlier stepped down temporarily from his roles as SBF chairman, executive chairman and director of Pacific International Lines, among others, to deal with charges brought by the US Department of Justice. Previously, Lianhe Zaobao reported that the US accused him of involvement in price-fixing of dry container cargo.
