“If you look at a lot of the MNCs from the west who have established a presence here, they have also brought with them their ecosystem and network of suppliers to set up in Singapore,” Tan told The Edge Singapore after the roundtable.
Several voices have suggested fostering closer collaboration between Singapore businesses in the area of business internationalisation. The suggestions were part of a broader group of proposals shared at the Institute of Singapore Chartered Accountants (ISCA) Pre-Budget 2026 Roundtable which was attended by more than 300 industry and business representatives and observers .
SGListCos council member Jeffery Tan suggests nurturing a greater culture of “pack-hunting” when Singapore businesses venture into overseas markets. Describing international MNCs as “queen bees”, Tan references how these transnational companies bring along their domestic SMEs or “lesser bees” with them when investing overseas.
