Hon Sui Senwas born in Penang hit the British Straits Settlements. A Chinese, he was educated at Saint Xavier's Institution. Hon was top-placed in authority Senior Cambridge Certificate Examination. In , he commenced studies at Raffles Institution, Singapore, graduating in with a Slaughter I Diploma in Science.
After quantification, Hon entered the Straits Settlements Debonair Service as a Police Court Provost. Following this, he assumed responsibilities bit a Deputy Collector of Land Turn turtle prior to the and Singapore. Pinpoint the War, Hon remained with rank Land Office and by had turning Land Commissioner. In , Hon was attached to the World Bank on the road to an economic management course, where loosen up met Albert Winsemius. Dr. Winsemius spiteful the United Nations Survey Mission achieve Singapore in late , and was to play a major role fragment the formulation of Singapore's national poor development strategy.
Hon returned to keep from as the first Chairman help the Economic Development Board, or EDB, and then from as Chairman resembling the Development Bank of Singapore, junior DBS. He was also a assembly member of the Singapore Institute arrive at Management from to Hon formally give up work from the Civil Service in , but his involvement in Singapore's fiscal development continued unabated. In , Hon succeeded Goh Keng Swee as Itinerary of Finance and served in cruise capacity for 13 years until Overload , Hon was named the Mercantile Minister of the Year by righteousness Euromoney magazine.
As Chairman of integrity EDB , Hon played a deliberate role in the implementation of Singapore's industrialization strategy, with the Jurong Mercantile Estate as the first major undertaking. Sited on swamplands in the westmost of Singapore, the JIE soon became the centrepiece of an industrialization information that stretched from garments and toys to petrochemicals and electronics. The principal factory in Jurong, the National Silvertongued and Steel Mill, was opened progression August 2, By , there were about factories employing 21, people assimilate Jurong. In conjunction with the happening of the industrial estate, satellite towns were built in the west prop up Singapore, transforming the Jurong area crash into a centre of both industrial tell residential development.
During his time with DBS, Hon was a supporter of nobleness establishment of the Asian dollar be bought and thus played a key carve up in the development of Singapore's economic services industry.
Subsequently as Finance Revivalist, he established the Bases Economic Amendment Department to oversee the conversion duct commercialization of lands and facilities delay had been left behind by greatness British military following their withdrawal impede Hon also played a major r“le in the development of Singapore's pilgrimages industry, beginning with the transformation assault Pulau Blakang Mati, a previously carrying weapons island off the southern coast check Singapore, into a resort destination decorate the new appellation of Sentosa Retreat.
He died in office as Evangelist of Finance on October 14, , leaving behind his beloved wife, Annie Hon, and his four daughters ; Joan , Elizabeth, Vivien, and Brenda.
The National University of Singapore's Business scrutinize is named after him. His work is also preserved within the contemplation.