Throughout his Price range 2025 speech in the present day (February 18), Deputy Prime Minister and Minister for Finance Lawrence Wong highlighted a number of key corporations taking part in pivotal roles in Singapore’s financial future.

These corporations have been celebrated not just for their development but in addition for his or her contributions to innovation, technological development, and workforce transformation.

Seize, Sea and Razer have been among the many mentions, however most would recognise these companies as they’ve established themselves both as regional or business leaders.

Listed here are the opposite corporations PM Wong had talked about throughout his speech, and what they do:

1. Illumina

Illumina Singapore was acknowledged by PM Wong for its position in advancing life sciences and fostering innovation throughout the biotechnology sector.

Headquartered in San Diego, California, Illumina’s first Singapore facility opened in 2008. The corporate focuses on DNA sequencing and genetic analysis applied sciences.

Illumina has made contributions to world healthcare, whereas additionally supporting native corporations resembling tech providers supplier Enterprise Company, manufacturing agency Sunningdale Tech, and the Nationwide Most cancers Centre Singapore.

In July 2024, Illumina signed a analysis collaboration settlement with the Nationwide Most cancers Centre Singapore.

In line with the press launch, this partnership aimed to boost the prognosis and therapy of adolescent and younger grownup (AYA) lymphoma in Asian cohorts, probably bettering outcomes for over 1,000 sufferers in Singapore annually.

2. AEM Holdings Ltd.

AEM Holdings was talked about by PM Wong for its contributions to analysis and improvement, particularly within the semiconductor business.

Established in 1990, the corporate has performed a important position in advancing Singapore’s semiconductor capabilities, and its options assist detect manufacturing defects that might in any other case compromise product high quality.

The corporate now has a worldwide footprint throughout Asia, Europe and US.

3. Singapore Airport Terminal Providers Restricted (SATS Ltd.)

SATS, a supplier of aviation options, was highlighted by PM Wong for its efforts in workforce transformation, significantly in supporting abilities improvement by partnerships with the Nationwide Trades Union Congress’ (NTUC) Firm Coaching Committee.

In line with PM Wong, the corporate absolutely sponsors its staff’ out-of-pocket programmes. From simply 1,673 workers in 1972, the corporate has grown to make use of over 50,000 folks, serving clients in additional than 215 areas throughout 27 nations worldwide.

• Learn extra articles we’ve written about Price range 2025 right here.

Function Picture Credit score: SATS through web site, AEM Holdings through web site, Illumina through Shutterstock