1964-1971: PSB's mission - upgrade knowledge and skills of Singapore's workforce
PSB's beginnings trace back to 1964 in Singapore. A small Productivity Unit was set up in the Economic Development Board. The mission given was simple yet challenging - to upgrade the knowledge and skills of Singapore's workforce in order to meet the needs of the growing economy.
1972-1986: PSB spearheads Singapore's Productivity Movement
In 1972, a time when "productivity" was a pivotal movement, the National Productivity Board (NPB) was established. The small Productivity Unit had grown to become the Management Services Supervisory Development division under NPB, and was tasked to raise productivity levels in the workforce. This was the beginning of what we know today as PSB Academy.
1987-1995: PSB develops into a full-fledged training institution
NPB moved into a brand new 22-storey building in 1987. The purpose-built facility housed Singapore's most comprehensive training facilities in the 1980s. With enhanced facilities and bigger premises, the Management Services Supervisory Development division was formalised to become a full-fledged institution - the Institute for Productivity Training (IPT) in 1988.
1996-2000: PSB is instrumental in building a world-class workforce
In 1996, NPB and Singapore Institute of Standards and Industrial Research (SISIR) merged to form the Singapore Productivity and Standards Board (PSB). Business was as usual at IPT, except for a change in name to PSB Institution of Productivity Training (PSB-IPT). PSB-IPT went on to play a critical role in building a world-class workforce in Singapore. In 2000, PSB-IPT launched its first postgraduate programme, the Master of Business Administration with the University of Nottingham, UK.
2001-2005: PSB goes regional!
As part of the government's restructuring efforts, PSB was corporatised in 2001, and IPT-PSB was renamed PSB Academy. With this, PSB Academy embarked on its foray into the region, offering an expanding range of education and corporate training services. During the next few years, PSB Colleges were established in China, Vietnam and two PSB Singapore School campuses were set up in Indonesia in 2005. PSB Consulting offices to serve the industries were also set up in China and Malaysia.
2006-2013: PSB Academy looks to be Asia's academy for the industry
PSB Academy was privatised in 2006 and moved into a S$10 million new campus in 2007. From the early beginnings when only certificates were awarded for short corporate courses, the Academy has grown to become one of Asia's leading higher learning education provider, serving over 10,000 local and international students in Singapore.
2014: PSB Academy celebrates our 50th anniversary!
This year, we celebrate our 50th anniversary. We take pride in being one of the top education institutions that has helped many individuals achieve academic and career success since 1964. 50 years on, we will continue to commit to providing higher learning opportunities for individuals through quality delivery of programmes and holistic education beyond academic achievements.
We will like to thank all our students, past and present, for putting your trust in us and to all our colleagues who have and continue to contribute to the success of PSB Academy. Thank you for making our success possible!
2017: PSB Academy, The Academy of the Future
We marked our expansion from our campus at Delta, Tiong Bahru to a City Campus at Marina Square spanning over 100,000 square feet on 23 May.
We unveiled this next phase of transformation as a leading education institution for higher learning for the region with a new marketing campaign for the new campus, titled "Future Academy". The theme and the launch of the new campus in the heart of Asia's innovation capital, signalled the Academy's mission to make the idea of productivity relevant again, with a future-oriented brand of education to prepare students for a disrupted age.
The new campus was launched by Guest of Honour, National Trades Union Congress (NTUC) Secretary-General Chan Chun Sing, along with PSB Academy'’s university and industry partners. Guests also celebrated the signing of a Memorandum of Understanding for a first-ever scholarship programme with the Singapore Industrial and Services Employees' Union (SISEU), who has been partners with PSB Academy for over 10 years.