PSB Corporation was born out of the Singapore Productivity and Standards Board (PSB), an agency under Singapore's Ministry of Trade & Industry. It is 100% owned subsidiary of PSB. PSB Corporation undertakes training, consultancy, technology and testing services with a mission to be the one-stop integrated solution provider to assist companies achieve business excellence through people, products and processes. The Academy of PSB Corporation offers integrated training solutions that develop people and help companies to achieve business excellence. PSB Academy has been one of Singapore's principal training institutions for 30 years, training close to 25,000 people a year.