Singapore tops list of preferred business expansion destination by Asian enterprises: UOB survey

SINGAPORE (Oct 19): A third of Asian enterprises have singled out Singapore as their go-to market for business expansion over the next 3-5 years – in particular Indonesian, Malaysian, Thai and Hong Kong companies.

According to the United Overseas Bank (UOB) Asian Enterprise Survey 2016, Singapore’s stable political economic climate is their number one reason for this (41%), followed by the city-state’s large and growing customer demand (40%) as well as its favourable tax and regulatory environment (35%).

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