Sing Lun Holdings CEO Lee Joon-hwee elected as new SBF chairman
Sing Lun Holdings CEO Lee Joon-hwee has been elected as the new chairman of the Singapore Business Federation (SBF), succeeding former chairman Teo Siong Seng, who earlier announced a temporary leave of absence and would not seek re-election.
SBF held its 24th Annual General Meeting on Wednesday (June 24) and elected the 13th Council, with a term of two years until 2028.
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 new council are six new councilors, including Adam Click, Chairman of the American Chamber of Commerce in Singapore; Moses Mok, 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, SBF also held the fifth Future Ready Business dialogue, with guest of honour Chan Chun Sing, Minister-in-charge of the Public Service and Minister for Defence.
The dialogue, themed "Whole-of-System Readiness: What changes must government and businesses make?" brought together business executives and policymakers to discuss how enterprises can build resilience, develop future-ready capabilities, and navigate growing uncertainty.
Lee Joon-hwee: Ensuring businesses remain competitive and resilient for the future
New chairman Lee Joon-hwee, also a Nominated MP, said in a statement that geopolitical tensions, rapid AI development, and shifting trade patterns are reshaping the global economy, creating both challenges and opportunities for businesses.
Lee said: "My priority is to ensure businesses remain competitive, resilient, and future-ready. We will work closely with businesses, government, and industry partners to develop practical solutions, foster a pro-business environment, and help companies build the capabilities needed for innovation, internationalization, and sustainable growth."
He also noted that Singapore will assume the rotating chairmanship of ASEAN next year, presenting an opportunity to deepen regional economic integration and consolidate ASEAN as a key engine of global growth. "SBF will work with regional partners to turn these opportunities into tangible business outcomes and drive a more connected, innovative, and sustainable ASEAN."
Lee previously served as SBF Vice-Chairman and Treasurer. He also acted as chairman during Teo Siong Seng's temporary leave.
Teo, 71, announced in May that he would not seek re-election after his term as SBF chairman ended on June 24. He had earlier temporarily stepped down from his roles as SBF chairman and Executive Chairman and Director of Pacific International Lines to address US Department of Justice allegations against him. Earlier, Lianhe Zaobao reported that the US had accused him of involvement in manipulating dry container prices.
