During his tenure, Mr Lim provided steady leadership through a period of global uncertainty. He guided SBF through the COVID-19 crisis, drove key initiatives in digitalisation and workforce development, and strengthened collaboration across the Trade Associations and Chambers (TACs) ecosystem. He also deepened public-private partnerships and elevated SBF’s role as a trusted voice for Singapore’s business community.

“It has been an honour to serve as Chairman of the Singapore Business Federation over the past five years. I am deeply grateful to our members, the Council, partners, and the SBF Secretariat for their unwavering support and collaboration. It has been inspiring to witness the resilience and adaptability of our business community during these challenging times. I am confident that under Mr Teo’s capable leadership, SBF will continue to champion the growth and transformation of Singapore businesses,” said Mr Lim Ming Yan.

Mr Teo returns to the role with a renewed commitment to advancing SBF’s efforts in regional integration and global business expansion. In addition to leading Pacific International Lines, he currently chairs SBF’s Internationalisation Action Committee, where he supports Singapore companies in scaling internationally.

“Under Ming Yan’s leadership, SBF strengthened its advocacy and broadened its partnerships across sectors. I thank him for his steady hand and service to the Federation. I look forward to working with the SBF team to build on this foundation, support businesses in navigating today’s volatile global environment, and accelerate their international growth,” said Mr Teo.

This leadership transition brings both continuity and renewed momentum, as SBF builds on recent progress and looks ahead to new challenges and opportunities.

“Mr Lim’s leadership has been instrumental in steering SBF through a time of profound change. His guidance has been invaluable to the Secretariat. As we look ahead, we are confident that Mr Teo’s global perspective and experience will be key to advancing SBF’s mission,” said Mr Kok Ping Soon, Chief Executive Officer of SBF.

SBF remains committed to working closely with its members, partners, and stakeholders to navigate the evolving economic landscape and strengthen Singapore’s position as a vibrant global business hub.

Please refer to the annex for the biographies of Mr Lim Ming Yan and Mr S.S. Teo, as well as the full list of current SBF Council members here.