Hon Sui Sen

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Hon Sui Sen (Simplified Chinese: 韩瑞生; Pinyin: Hán Ruìshēng; 1916 - 1983) was born in Penang in the British Straits Settlements and was educated at Saint Xavier's Institution. Hon was top-placed in the 1932 Senior Cambridge Certificate Examination. In 1935, he commenced studies at Raffles College, Singapore, graduating in 1938 with a Class I Diploma in Science.

After graduation, Hon entered the Straits Settlements Civil Service as a Police Court Magistrate. Following this, he assumed responsibilities as a Deputy Collector of Land Revenue prior to the Japanese occupation of Malaya and Singapore. After the War, Hon remained with the Land Office and by 1957 had become Land Commissioner. In 1960, Hon was attached to the World Bank for an economic management course, where he met Albert Winsemius. Dr. Winsemius led the United Nations Survey Mission to Singapore in late 1960, and was to play a major role in the formulation of Singapore's national economic development strategy.

Hon returned to serve from 1961-1968 as the first Chairman of the Economic Development Board, or EDB, and then from 1968-1970 as Chairman of the Development Bank of Singapore, or DBS. He was also a council member of the Singapore Institute of Management from 1965 to 1968. Hon formally retired from the Civil Service in 1965, but his involvement in Singapore's economic development continued unabated. In 1970, Hon succeeded Goh Keng Swee as Minister of Finance and served in that capacity for 13 years until 1983. In 1982, Hon was named the Economic Minister of the Year by the Euromoney magazine.

As Chairman of the EDB (founded August 1, 1961), Hon played a key role in the implementation of Singapore's industrialization strategy, with the Jurong Industrial Estate (JIE) as the first major project. Sited on swamplands in the west of Singapore, the JIE soon became the centrepiece of an industrialization program that stretched from garments and toys to petrochemicals and electronics. The first factory in Jurong, the National Iron and Steel Mill, was opened on August 2, 1963. By 1968, there were about 300 factories employing 21,000 people in Jurong. In conjunction with the development of the industrial estate, satellite towns were built in the west of Singapore, transforming the Jurong area into a centre of both industrial and residential development.

During his time with DBS, Hon was a supporter of the establishment of the Asian dollar market and thus played a key role in the development of Singapore's financial services industry.

Subsequently as Finance Minister, he established the Bases Economic Conversion Department to oversee the conversion and commercialization of lands and facilities that had been left behind by the British military following their withdrawal in 1968. Hon also played a major role in the development of Singapore's tourism industry, beginning with the transformation of Pulau Blakang Mati, a previously fortified island off the southern coast of Singapore, into a resort destination under the new appellation of Sentosa Island.

He died in office as Minister of Finance on October 14, 1983, leaving behind his beloved wife, Annie Hon, and his four daughters (all presently married); Joan (aka Han May), Elizabeth, Vivien, and Brenda.
Simplified Chinese

Sister systems Kanji, Chữ Nôm

ISO 15924 Hans

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Pinyin, more formally called Hanyu Pinyin (Simplified Chinese: 汉语拼音; Traditional Chinese: 漢語拼音
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States and Territories of Malaysia
Pulau Pinang
Penang


Flag'' Coat of arms''

State motto: Bersatu dan Setia
(United and Loyal) (formerly Let Penang Lead)
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Straits Settlements were a collection of territories of the British East India Company in Southeast Asia, which were given collective administration in 1826 as a crown colony, as distinct from the native princely states, some of which later formed the Federated Malay States.
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Japanese occupation.

Malaya

Further information: Battle of Malaya

Military response

During the occupation a guerilla resistance force battled the Japanese from the jungles of Malaya.
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The World Bank (the Bank) is a part of the World Bank Group (WBG), is a bank that makes loans to developing countries for development programs with the stated goal of reducing poverty.
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Dr Albert Winsemius (1910-1996), a Dutch economist, was Singapore's long-time economic advisor from 1961 to 1984. He led the United Nations Survey Mission to Singapore, and was to play a major role in the formulation of Singapore's national economic development strategy.
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Headquarters
(and largest city)
Official languages Arabic, Chinese, English, French, Russian, Spanish
Membership 192 member states
Leaders
 -  Secretary-General Ban Ki-moon
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The Economic Development Board (Abbreviation: EDB; Chinese: 经济发展局) is a statutory board of the Government of Singapore that plans and executes strategies to sustain Singapore as a leading global hub for business and investment.
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DBS Bank Limited

Public
Founded 1968
Headquarters Singapore
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Singapore Institute of Management (Abbreviation: SIM; Chinese: 新加坡管理学院) is a private, not-for-profit education organisation in Singapore. It was founded by the Singapore Economic Development Board in 1964.
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Goh Keng Swee (Simplified Chinese: 吴庆瑞; Pinyin: Wú Qìngruì; bn October 6 1918 in Malacca) is a former Deputy Prime Minister of Singapore.
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Euromoney magazine (ISSN 0014-2433) is a monthly publication focusing on international banking and capital markets. Euromoney covers banks, institutional investors and financial institutions; economy, national, regional, supra-regional banking and finance; fixed
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August 1 is the 1st day of the year (2nd in leap years) in the Gregorian calendar. There are 0 days remaining.

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