Singapore Still Top Choice Of MNCs For Regional Headquarters

Source : Channel NewsAsia, 09 November 2007

Singapore continues to be the top choice of multi-national corporations when it comes to locating their regional headquarters.

This is according to a survey by Spire Research and Consulting, which polled manufacturing companies based in the Asia-Pacific region.

But it says Singapore will need to evolve new strategies to maintain its position due to fierce competition.

The study found that more companies are starting to favour China, as well as Hong Kong.

China is also the most favoured manufacturing site of the future, followed by India.

Spire's survey covered more than 100 global companies in the Asia-Pacific region.

Six in ten respondents operate in at least three Asian economies, with nearly a third operating in seven or more. - CNA/ch