The Singapore National Employers Federation (SNEF) has appointed Tan Hee Teck, the CEO of Resorts World Sentosa (RWS), as its new president. This decision was made during a recent by-election by the federation’s council members, showcasing their confidence in Tan’s ability to advance tripartism efforts and enhance labor market flexibility, fostering sustainable business growth in Singapore.
Leadership and Experience
Tan Hee Teck brings a wealth of experience to his new role, having been involved with SNEF for 15 years. His prior role as Vice President since September 2022 has already given him substantial insight into the federation’s operations and objectives. This extensive experience positions him well to lead the federation in its mission to strengthen the collaborative relationship between the government, employers, and the labor movement.
Tripartism in Focus
A key aspect of SNEF’s mission is tripartism, a three-way partnership crucial to Singapore’s economic framework. This partnership involves close cooperation between the government, employers, and the labor movement. Tan’s leadership is expected to further these efforts, promoting a flexible labor market that supports both business growth and workers’ welfare.
Support from Key Organizations
The Ministry of Manpower and the National Trades Union Congress have both endorsed SNEF’s decision, reinforcing the federation’s statement of confidence in Tan’s leadership. This unified support underscores the collaborative spirit of tripartism that is central to Singapore’s economic policies.
Additional Leadership Appointments
In addition to Tan’s election, the council has also appointed Kuah Boon Wee, director of MTQ Corp, as Vice President. He joins two existing VPs: Alexander Melchers, managing director of C. Melchers GmbH & Co in Singapore, and John Ng Peng Wah, CEO of YTL PowerSeraya. This diverse leadership team brings together expertise from various industries, contributing to a holistic approach to addressing the challenges and opportunities within Singapore’s labor market.
Resorts World Sentosa’s Contributions
Under Tan’s leadership, Resorts World Sentosa has significantly contributed to Genting Singapore’s substantial growth. In the first quarter of 2024, RWS reported a remarkable year-on-year growth of 62%. This success highlights Tan’s effective leadership and strategic vision, which he will now bring to SNEF. Additionally, Genting Singapore has shown interest in expanding its operations to the UAE and Thailand, indicating a broader scope of influence and ambition under Tan’s guidance.
Independent Review and Future Updates
SNEF has also announced that an independent review is currently underway and is expected to be completed in the coming weeks. This review will likely provide further insights and updates on the federation’s strategic direction and initiatives under Tan’s presidency.
The election of Tan Hee Teck as SNEF’s president marks a significant step in the federation’s efforts to promote sustainable business practices and labor market flexibility in Singapore. With a strong leadership team and broad support from key stakeholders, SNEF is well-positioned to navigate the evolving economic landscape and continue fostering a collaborative environment that benefits both employers and employees.