![]() ![]() ![]() For instance, Southeast Asians are much more on their mobile devices. The diversity of the population in Singapore also allows companies to gain valuable market insights into the rest of the region which can benefit future growth plans.ĭwight Hutchins, Managing Director of Asia Pacific at Accenture observes, “Things are changing so fast on the ground that companies are coming here to understand what will work in Southeast Asia and Asia Pacific. ![]() ![]() At the same time, you can also find world-class local talent to do regional roles and international roles as well.” The advantage of Singapore is that this is a place where you can find candidates that suit these requirements. Tommy Leong, President of East Asia and Japan at Schneider Electric says, “Establishing a regional headquarter requires international, regional and also local talent to fill a number of different roles. This is largely attributed to the safe reopening of the economy and the low number of Covid-19 deaths.Īttracted by Singapore’s advanced digital infrastructure, stable system of governance, strong bilateral ties, and effective management of Covid-19, MNCs across a wide range of industries, including technology, advanced manufacturing and finance have set up, or are planning to set up their headquarters and digital centers of excellence in the lion city. While forecast estimates do show that GDP might contract by 7.6% for Q3, economists have forecasted the economy to expand 5.4% in 2021 and 3.1% in 2022. Located in the heart of the region, Singapore is a city-state that has become a crucial base for international businesses and multinational corporations (MNCs) who are looking to capitalise on the growth and resilience of Southeast Asian markets, a position that has only grown stronger amid the global pandemic.ĭespite the challenges resulting from Covid-19, Singapore’s economy is by no means shrinking. It is also home to over 670 million people - about 10 percent of the global population - half of whom will be classified as middle-class by 2030. ASEAN is the fifth-largest economy in the world. Southeast Asia may only cover 3% of the global landmass on a map, but its size belies its economic might. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit ![]()
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