Singapore Business Federation Elects New Chairman Lim Kian Hui: Enterprise Resilience & AI Response
Lim Kian Hui, CEO of Sing Lun Holdings, has been elected as the new Chairman of the Singapore Business Federation (SBF), succeeding former chairman Teo Siong Seng, who earlier announced he would step aside and not seek re-election.
The Singapore Business Federation held its 24th Annual General Meeting on Wednesday (June 24) and elected the 13th Council, with a term of two years ending in 2028.
In a statement, SBF said the new council comprises 24 members, including 12 elected council members, 11 representatives from trade associations and chambers, and one co-opted council member.
Six new council members include Chairman of AmCham Singapore Adam Click, President of the Restaurant Association of Singapore Moses Mok, Chairman of SGTech Lee Teck Ming, and CEO of hedge fund Quantedge Capital Suhaimi Zainul-Abidin.
During the AGM, SBF also held the fifth Future Ready Business Dialogue, with Guest of Honour Chan Chun Sing, Minister for Public Service and Defence.
Under the theme "System-Wide Readiness: What Must Government and Businesses Change?", the dialogue gathered business executives and policymakers to discuss how enterprises can enhance resilience, build future-ready capabilities, and cope with growing uncertainties.
Lim Kian Hui: Ensure Businesses Maintain Competitiveness and Resilience for Future Growth
New Chairman Lim Kian Hui, 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 to businesses.
Lim said: "My top priority is to ensure businesses remain competitive, resilient, and future-ready. We will work closely with enterprises, government, and industry partners to develop practical solutions, create a pro-business environment, and help companies build the capabilities needed for innovation, internationalization, and robust growth."
He also noted that Singapore will assume the ASEAN Chairmanship next year, an opportunity to deepen regional economic integration and solidify ASEAN as a key global growth engine. "SBF will work with regional partners to turn these opportunities into tangible business outcomes and drive a more connected, innovative, and sustainable ASEAN."
Lim previously served as SBF Vice-Chairman and Treasurer. He also acted as Chairman during Teo Siong Seng's temporary leave.
Teo Siong Seng, 71, issued a statement in May saying he would not seek re-election after his term as SBF Chairman ended on June 24. He earlier temporarily stepped down from his roles as SBF Chairman, Executive Chairman of Pacific International Lines, and director to address charges filed by the US Department of Justice. Earlier, Lianhe Zaobao reported that US authorities accused him of involvement in manipulating dry cargo container prices.
