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While multinationals are investing elsewhere in SE Asia to serve SE Asian markets, I'm not seeing them move their HQs out of Singapore though, because they don'
by decimalenough 2y ago
While multinationals are investing elsewhere in SE Asia to serve SE Asian markets, I'm not seeing them move their HQs out of Singapore though, because they don't trust the Malaysian/Thai/Indonesian legal system and regulatory environment.
Cyberjaya (yes, you can cringe at the name) in Malaysia was built with the explicit goal of attracting them, but it's mostly call centers, not R&D. Even Malaysian success stories like Grab (the SE Asian Uber) prefer to operate out of Singapore.
- crowcroft 2y agoBeing able to trust the govt is a pretty important factor for businesses.
- refurb 2y agohttps://www.thevibes.com/articles/world/101600/singapore-loses-appeal-as-mnc-headquarters-of-choice https://www.thevibes.com/articles/world/101600/singapore-los... Some are moving HQ, some are just downsizing HQ and expanding offices in Malaysia or Thailand. I agree it’s not a wholesale move out, but the trend is noticeable.