The Ministry of Trade and Industry (MTI) has announced the appointment of Mr Peter Ong Boon Kwee as Chairman-Designate of Enterprise Singapore on Wednesday (10 January).
It added that Mr Ong’s appointment follows the first reading of the Enterprise Singapore Board Bill in Parliament on 8 January 2018, which replaces the International Enterprise (IE) Singapore Board Act and SPRING Singapore Board Act.
Mr Ong was the Head of Civil Service and Permanent Secretary in the Prime Minister’s Office (PMO) before retiring in August 2017. He spent more than 30 years in the public sector where he headed several Ministries as Permanent Secretary, including MTI, the Ministry of Finance, the Ministry of Transport and the Ministry of Defence.
According to the Ministry, Mr Ong’s extensive background and wealth of experience will be instrumental in steering Enterprise Singapore’s efforts to grow stronger Singapore enterprises. Over the next few months, other Board members will be identified to guide Enterprise Singapore in providing greater support and assistance to Singapore companies looking to equip themselves with new capabilities, innovate and expand overseas.
It added that Mr Ong will also concurrently be appointed as Senior Economic Advisor, MTI with effect from 15 January 2018 to provide strategic advice on economic strategies and policies, as well as champion efforts to enable robust enterprise growth through strong enterprise capabilities, deep and wide internationalisation networks, and strong partnerships with key stakeholders.
Mr Loh Khum Yean, Permanent Secretary for MTI, said, "Mr Ong’s breadth and depth of experience will be a strong addition to the MTI family. I look forward to working closely with him to strengthen economic growth and create good jobs for Singaporeans."
On his appointment as Chairman-Designate of Enterprise Singapore, Mr Ong said, “I am deeply honoured to be appointed and look forward to working closely with key stakeholders in this important transformation journey that our enterprises need to embark on. As a new statutory board, Enterprise Singapore will have to find ways to facilitate enterprises that are prepared to restructure and grow capabilities to compete aggressively. I am confident that the staff and management are excited and capable to meet this challenge.”