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+--- Thread: Singapore loses shine as Southeast Asia base for multinationals (/Thread-Singapore-loses-shine-as-Southeast-Asia-base-for-multinationals--131667)
Singapore loses shine as Southeast Asia base for multinationals - [[ForeverAlone]] - 06-05-2024
https://asia.nikkei.com/Business/Business-trends/Singapore-loses-shine-as-Southeast-Asia-base-for-multinationals?fbclid=IwZXh0bgNhZW0CMTEAAR3CIal16Gw824FqmZr4EBny2PvDCgd1v9jt0Y7kQ-QgiUtv7PAcpotheBM_aem_Ae76t2Z8x8v7ObFXWsfDHu4YS4Crolv76o6CRux3EC9ZldFWDUT9GCKSbPu-YDRquSkgJuVaY80kYI2yIB-GxM_8
RE: Singapore loses shine as Southeast Asia base for multinationals - Scythian - 06-05-2024
As workers salary has just started to trend higher, MNCs are moving out of Singapore.
Retrenchment is imminent
RE: Singapore loses shine as Southeast Asia base for multinationals - [[ForeverAlone]] - 06-05-2024
(06-05-2024, 10:36 PM)Scythian Wrote: As workers salary has just started to trend higher, MNCs are moving out of Singapore.
Retrenchment is imminent
All along SG is just a " base " for foreigner investors oversea SEA and Asia market. Their main manufacture plants are in other Asia countries of course due to cheaper rental and workers.
Now is Office they also plan to shift move to cheaper alternative Asia countries. Like Malaysia , Vietnam , Thailand etc to set up their Asia Base.
RE: Singapore loses shine as Southeast Asia base for multinationals - Geneco - 07-05-2024
Become base for useful idiots can le...
RE: Singapore loses shine as Southeast Asia base for multinationals - Scythian - 07-05-2024
Businesses in Singapore reaches and bypasses the point of diminishing returns ..
In addition, Unbearable 35C intense hot weather condition is not conducive and is driving biz and expats to relocate.
RE: Singapore loses shine as Southeast Asia base for multinationals - RiseofAsia - 07-05-2024
Which fools still want to invest in world most expensive city?
There is no more real growth but real debt.
RE: Singapore loses shine as Southeast Asia base for multinationals - moonrab - 07-05-2024
Good lo..
Some over here kpkb Singapore open leg wide for foreigners..
Now happy liao...no more MNC for opening legs. 🤣🤣🤣
All foreigners goes to our neighbouring countries. Cheers!!!
RE: Singapore loses shine as Southeast Asia base for multinationals - Wy:Nox - 07-05-2024
With such high cost, they can only chase for high- end market ie Banking, IT, pfizer manufacturing, Dyson regional sales office.
Truthfully, how many Locals sit in these Top 10 Companies? Did it really create good and well paying jobs for us?