In part 2/3 of its Singapore Budget 2019 report released on Tuesday, Irvin Seah, Senior Economist at DBS Group Research, says local companies must re-orientate their business strategies in order to capitalise on the opportunities arising from an emerging Asean, given trade and investment flows will be diverted away from North-east Asia in the coming years.
SINGAPORE (Jan 29): The Singapore government is expected to double down on its efforts to provide greater support for companies in developing their capabilities and in their internationalisation efforts.
These include helping companies venture abroad, particularly to Asean, tweaking its policy to target smaller companies and encouraging automation in companies and helping them leverage on digital technologies and R&D while entrenching local value creations.
