1964-1971: PSB's mission- Upgrade knowledge and skills of Singapore’s workforce
We trace our beginnings back to 1964 in Singapore. A small Productivity Unit was set up in the Economic Development Board. Its mission: 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
1972, a time when productivity was key to our growth as a Nation, the National Productivity Board (NPB) was established. The small Productivity Unit grew to become Management Services Supervisory Development Division under NPB, and was tasked to raise productivity levels in the workforce.
1987-1995: PSB develops into a full-fledged training institution
NPB moved into a new 22-storey building in 1987, bui;t to house 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).
The IPT changed its name to the 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 post-graduate programme, Master of Business Administration with University of Nottingham, UK. PSB Academy continues to offer this MBA to aspiring leaders.
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 were also set up in China and Malaysia.
2006-2013: PSB Academy looks to be Asia’s academy for the industry
PSB Academy became privatised in 2006 and moved into its S$10 million Delta campus in 2007.
The Academy grew from its humble beginnings as a corporate training provider to become one of Asia’s leading higher learning education provider, serving over 10,000 local and international students in Singapore, with expanded offerings ranging from diplomas to external degrees from university partners from the UK and Australia.
2014: PSB Academy celebrates 50th anniversary!
PSB Academy celebrated 50 years of nurturing industry-ready graduates, as it continues on its mission to provide higher learning opportunities for individuals to prepare them for a new digital age.
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. 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.
The launch of the new campus in Singapore, the heart of Asia’s innovation capital, signaled 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. Guests also celebrated the signing of a Memorandum of Understanding for a first-ever scholarship with the Singapore Industrial and Services Employees’ Union (SISEU) - to support over 100 workers over three years as they pursue their higher education with PSB Academy and their 7 university partners from the UK and Australia.