Singapore emerged as a key player in the ASEAN market for small and medium-sized enterprises (SMEs) and large enterprises in Southeast Asia and Greater China looking to expand overseas, according to the UOB Business Outlook Study 2024. The report said that over 80% of surveyed businesses from seven key markets across ASEAN and Greater China expressed a desire to expand overseas, with Indonesian and Vietnamese companies showing the highest interest. Nearly 80% of businesses are also optimistic about the current business environment, with one in four expecting significant improvements in business performance this year.  However, concerns about inflation, higher operating costs, and economic slowdown recovery persist.  ASEAN emerged as the top market for expansion, with Malaysia being the most sought-after country, followed by Singapore, Thailand, and Indonesia.    https://sbr.com.sg/news/Singapore-amongst-top-choices-asean-business-expansion (ICE SINGAPORE)

Fonte notizia: Singapore Business Review, 24 April 2024