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Why didnt they choose JB. Or bangkok

syed putra

Alfrescian
Loyal
Multinationals pick Singapore over Hong Kong for Asian headquarters — Bloomberg report
By Michelle Fay Cortez / Bloomberg
22 Feb 2024, 12:55 pm

main news image
Singapore also has targeted incentives for foreign companies looking to set up regional hubs, an approach that is paying off.

(Feb 22): The international business community is clear on where it wants to call home in Asia: Singapore.

The city state hosted regional headquarters for 4,200 multinational firms in 2023, extending its lead and dwarfing the 1,336 found in Hong Kong, its main rival, according to a Bloomberg Intelligence report that details Singapore’s rise in the perennial battle to be known as Asia’s premier business destination. Even many Chinese companies seeking to hedge geopolitical risks and broaden their reach pick Singapore over Hong Kong, the report found.

“Hong Kong has lost the race to be international business’ preferred choice for Asian headquarters, as more global and even Chinese companies choose Singapore because of its better relations with the West, broader talent pool, diversified economy, and tax incentives,” according to the 50-page report. “Companies may rank Singapore higher in terms of political stability and freedom amid elevated geopolitical risks in the region.”


Hong Kong codified its position as China’s finance centre by containing political protests and adhering to the country’s Covid-Zero policy during the pandemic, while Singapore highlighted its independence and emerged as the preferred site for international business offices, the report said. Even Hong Kong’s lower standard corporate tax rate of 16.5% may be bested by Singapore programmes that can cut its 17% tax rate to 13.5% or less for some activities, it found.

Singapore also has targeted incentives for foreign companies looking to set up regional hubs, an approach that is paying off.

A list of companies with regional headquarters in Singapore reads like a Who’s Who of multinationals: FedEx Corp, Microsoft Corp, Alphabet Inc’s Google, Mead Johnson, Rolls-Royce and General Motors Co. Companies that operate in more sensitive environments — such as TikTok Inc and online fashion giant Shein — have business hubs in the Southeast Asian city. Chinese companies like electric-vehicle maker Nio Inc are established in the city state, while tech companies Alibaba Group Holding Ltd and Huawei Technologies Co are expanding operations there.

Even state firms like China Railway Materials set up overseas headquarters in Singapore.

The corporate critical mass and more diversified economy could help Singapore attract even more global business than Hong Kong for the next five years, the Bloomberg Intelligence report said.
 

oliverlee

Alfrescian
Loyal
safety is one big issue. Your banking details are protected here, and only under special circunstances can anyone demand them to be exposed. Even then you need legislation to dig
 

JohnTan

Alfrescian (InfP)
Generous Asset
Multinationals pick Singapore over Hong Kong for Asian headquarters — Bloomberg report
By Michelle Fay Cortez / Bloomberg
22 Feb 2024, 12:55 pm

main news image
Singapore also has targeted incentives for foreign companies looking to set up regional hubs, an approach that is paying off.

(Feb 22): The international business community is clear on where it wants to call home in Asia: Singapore.

The city state hosted regional headquarters for 4,200 multinational firms in 2023, extending its lead and dwarfing the 1,336 found in Hong Kong, its main rival, according to a Bloomberg Intelligence report that details Singapore’s rise in the perennial battle to be known as Asia’s premier business destination. Even many Chinese companies seeking to hedge geopolitical risks and broaden their reach pick Singapore over Hong Kong, the report found.

“Hong Kong has lost the race to be international business’ preferred choice for Asian headquarters, as more global and even Chinese companies choose Singapore because of its better relations with the West, broader talent pool, diversified economy, and tax incentives,” according to the 50-page report. “Companies may rank Singapore higher in terms of political stability and freedom amid elevated geopolitical risks in the region.”


Hong Kong codified its position as China’s finance centre by containing political protests and adhering to the country’s Covid-Zero policy during the pandemic, while Singapore highlighted its independence and emerged as the preferred site for international business offices, the report said. Even Hong Kong’s lower standard corporate tax rate of 16.5% may be bested by Singapore programmes that can cut its 17% tax rate to 13.5% or less for some activities, it found.

Singapore also has targeted incentives for foreign companies looking to set up regional hubs, an approach that is paying off.

A list of companies with regional headquarters in Singapore reads like a Who’s Who of multinationals: FedEx Corp, Microsoft Corp, Alphabet Inc’s Google, Mead Johnson, Rolls-Royce and General Motors Co. Companies that operate in more sensitive environments — such as TikTok Inc and online fashion giant Shein — have business hubs in the Southeast Asian city. Chinese companies like electric-vehicle maker Nio Inc are established in the city state, while tech companies Alibaba Group Holding Ltd and Huawei Technologies Co are expanding operations there.

Even state firms like China Railway Materials set up overseas headquarters in Singapore.

The corporate critical mass and more diversified economy could help Singapore attract even more global business than Hong Kong for the next five years, the Bloomberg Intelligence report said.

One reason: PAP!!!!


Majulah PAP!!!
 

k1976

Alfrescian
Loyal
Multinationals pick Singapore over Hong Kong for Asian headquarters — Bloomberg report
By Michelle Fay Cortez / Bloomberg
22 Feb 2024, 12:55 pm

main news image
Singapore also has targeted incentives for foreign companies looking to set up regional hubs, an approach that is paying off.

(Feb 22): The international business community is clear on where it wants to call home in Asia: Singapore.

The city state hosted regional headquarters for 4,200 multinational firms in 2023, extending its lead and dwarfing the 1,336 found in Hong Kong, its main rival, according to a Bloomberg Intelligence report that details Singapore’s rise in the perennial battle to be known as Asia’s premier business destination. Even many Chinese companies seeking to hedge geopolitical risks and broaden their reach pick Singapore over Hong Kong, the report found.

“Hong Kong has lost the race to be international business’ preferred choice for Asian headquarters, as more global and even Chinese companies choose Singapore because of its better relations with the West, broader talent pool, diversified economy, and tax incentives,” according to the 50-page report. “Companies may rank Singapore higher in terms of political stability and freedom amid elevated geopolitical risks in the region.”


Hong Kong codified its position as China’s finance centre by containing political protests and adhering to the country’s Covid-Zero policy during the pandemic, while Singapore highlighted its independence and emerged as the preferred site for international business offices, the report said. Even Hong Kong’s lower standard corporate tax rate of 16.5% may be bested by Singapore programmes that can cut its 17% tax rate to 13.5% or less for some activities, it found.

Singapore also has targeted incentives for foreign companies looking to set up regional hubs, an approach that is paying off.

A list of companies with regional headquarters in Singapore reads like a Who’s Who of multinationals: FedEx Corp, Microsoft Corp, Alphabet Inc’s Google, Mead Johnson, Rolls-Royce and General Motors Co. Companies that operate in more sensitive environments — such as TikTok Inc and online fashion giant Shein — have business hubs in the Southeast Asian city. Chinese companies like electric-vehicle maker Nio Inc are established in the city state, while tech companies Alibaba Group Holding Ltd and Huawei Technologies Co are expanding operations there.

Even state firms like China Railway Materials set up overseas headquarters in Singapore.

The corporate critical mass and more diversified economy could help Singapore attract even more global business than Hong Kong for the next five years, the Bloomberg Intelligence report said.
Because AMDK are smart enough to know SG is always in Good Hands mah
 

JohnTan

Alfrescian (InfP)
Generous Asset
Yes it is PAP. PAP gives away the cuntry with our money and gives MNCs the right to bring in FTs to fuck Sinkies.

PAP just gave away billions of dollars in cold cash to sinkies via CDC vouchers and U-Save utilities vouchers. What the fuck are you still complaining about?
 

congo9

Alfrescian
Loyal
Money launderers feel safer to clean their monies in Sg.
Exactly. Money launderer felt more protected. You can be investigated when only there's a huge pile of evidence against you.

In Bangkok and Johor, government change like changing pants or diapers.

Law could be scrap and change anytime. In Bangkok/Malaysia , you got to keep giving to feed the people in power. But a few months later, this group of people may be out of power. New group comes in, you need to give again. But what you have done may have left a lot of trail and evidence, that might give you a lot of headache. M

Rich people want all the protection and privilege but don't want to participate in the processes. They want stability and don't want to participate in slightest risks.

So you tell me, which of these places like Mudland and Thailand can guarantee you ?
 

Likemeat

Alfrescian
Loyal
PAP just gave away billions of dollars in cold cash to sinkies via CDC vouchers and U-Save utilities vouchers. What the fuck are you still complaining about?

And deprieve sporeans above 55 their 4% interest that can be withdrawn in cash.
 
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