🌏 Navigating the New Era of Industrial Policies in Southeast Asia 🌏 As industrial policies, which are strategic government actions to boost industrial growth and economic development, gain prominence globally, ASEAN countries face the challenge of meeting key "invisible" preconditions to leverage these strategies effectively. Marco Kamiya, Carlos López-Gómez, and Mateus Labrunie highlight three crucial factors: Technology Absorptive Capacity: Developing robust skills for operating advanced technologies is crucial. It’s not just about accessing technology but also about adopting it effectively. Enhancing local expertise is key to leveraging industrial advancements and creating jobs. Quality Standards and Infrastructure: Standards might seem invisible, but they are fundamental. From ensuring product quality to meeting international norms, strengthening quality infrastructure is essential. Singapore is leading in this area, showcasing the importance of high standards and effective certification processes. Innovation Ecosystems and Collaboration: Building strong connections with global research centers can bridge the gap in frontier technologies. Southeast Asia must foster collaboration to access cutting-edge knowledge and innovation without bearing excessive costs. In Singapore, we are starting to see the effect of strategic investments in technology and ongoing implementation of new standards, and how this is impacting growth and competitiveness. Improving these “invisible” preconditions will enhance the effectiveness of industrial policies and help Southeast Asian nations adapt to global technological and economic shifts. #SafeSync #RoshiGlobal #Technology #Innovation #IndustrialPolicy #SoutheastAsia #Singapore https://lnkd.in/gT9QY4EB
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🌍 Unlocking Trade Opportunities in the APAC Region 🌍 Are you ready to expand your business horizons? Discover the dynamic opportunities awaiting you in the Asia-Pacific (APAC) region! Why APAC? 🌍 Economic Powerhouse: APAC encompasses some of the world's fastest-growing economies, including China, India, Japan, South Korea, and ASEAN countries. These nations collectively drive global economic growth and offer vast consumer markets. 📊 Market Size and Growth: With over 4.3 billion people, APAC represents around 60% of the world's population. This demographic diversity translates into immense market potential across various sectors, from consumer goods to high-tech industries. 🔍 Technological Innovation: APAC is a global leader in technological innovation and digital transformation. Countries like Singapore, South Korea, and Japan are known for their advanced infrastructure, AI development, and smart city initiatives, making them ideal hubs for tech startups and multinational corporations alike. 🌿 Sustainability and Green Initiatives: As sustainability becomes increasingly crucial globally, APAC countries are at the forefront of adopting renewable energy sources, eco-friendly practices, and green technologies. This commitment presents opportunities for businesses focused on sustainability solutions and environmental stewardship. 🤝 Strategic Partnerships: APAC offers strategic partnerships and collaborations across industries, facilitating access to local expertise, networks, and resources. Establishing alliances with APAC-based companies can enhance market penetration and operational efficiency. 📈 Investment and Trade Policies: Many APAC countries have implemented investor-friendly policies, trade agreements, and incentives to attract foreign investment. For example, Vietnam is a member of several key trade agreements, such as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the Regional Comprehensive Economic Partnership (RCEP), providing businesses with favorable trade terms and market access. Whether you're entering the APAC market or expanding your footprint, partner with us for tailored solutions and unparalleled support. Reach out to Sliner today so we can help you expand your business! #TradeOpportunities #APACMarket #GlobalExpansion #BusinessGrowth #TradeWithAsia #InnovationHub ----------------------------- 💡 Learn more about us at: https://www.sliner.sg/
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Have you started thinking about expansion into Southeast Asia yet? 🤔 With a digital economy predicted to hit $1 trillion by 2030, the region is increasingly making its way onto companies’ roadmaps for expansion – and we’ve got the resources for you to start developing a robust market entry strategy. Below, you can read our report on key players, areas of opportunity and routes to market in Singapore 🇸🇬 and Malaysia’s 🇲🇾 enterprise technology markets (or you can download the report here: https://lnkd.in/ef_k7hXq) If Thailand 🇹🇭 or Vietnam 🇻🇳 are your countries of interest, click here to read more: https://lnkd.in/eY_ReRbw Finally, make sure to grab a coffee and check out our on-demand workshop led by Southeast Asia market expert and CEO of Orissa International, Sarath Menon, on the practicalities of doing business in Southeast Asia here: https://lnkd.in/eGU-J6fj
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International Trade Expert for Asia | Chamber of Commerce and Industry of the Stuttgart Region | Assisting companies from the Stuttgart Region in the import and export to the Asia-Pacific region
🌏 From Festivities to Economic Opportunities: Singapore on the Rise! 🎉 As Singapore celebrates its National Day today 🇸🇬, there's more than just the holiday to cheer about—the nation's economy is making remarkable strides. In the first half of 2024, Singapore's economic performance has surpassed all expectations, signaling a strong comeback on the global stage. 📈 With an impressive GDP growth of 2.9% in the second quarter, Singapore is setting the tone for a promising year ahead. 🚀 One of the most exciting developments is the planned Special Economic Zone (SEZ) with Malaysia. This initiative could not only address Singapore’s space constraints 🏙️ but also unlock a wealth of business opportunities for international companies. 🌐 German firms, particularly in machinery and equipment ⚙️, should pay close attention to these developments. The SEZ presents a unique chance to expand into a region set to become a hub for research, development, and high-quality production. As Singapore strengthens its role as a regional headquarters, labor-intensive operations might shift to the SEZ. 🏗️ #Economy #Singapore #Asia #SEZ #Innovation #SingapurNationalDay #BusinessOpportunities #AHKSingapur #IHKRegionStuttgart #GlobalBusiness #Export #InternationalTrade #BadenWuerttemberg #SMEs #Engineering #Investment #ASEAN #Industry40 #PartnerInSingapore Picture: Unsplash/JustinLim
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It's interesting to see the rise of Asian economies like Singapore, Hong Kong, and Taiwan in global competitiveness, while the U.S. has dropped out of the top 10. This shift will have a profound impact on the aviation and travel landscape, especially in Asia. As Asian countries continue to climb the ranks, we can expect increased investments in airport infrastructure, cutting-edge aviation technology, and an overall enhanced travel experience in the region. Airlines in Asia will likely benefit from stronger economic performance, more efficient operations, and greater adoption of sustainable practices. This could mean a growing dominance of Asian carriers on the global stage, potentially offering lower costs and superior service compared to their Western counterparts. For travelers and businesses, Asia could become the hub for innovation in aviation, from smart airports to more efficient air traffic systems. The rise of Asian economies could also lead to shifts in global travel patterns, with more direct flights to emerging economic centers and an overall increase in air traffic within the region. How do you think the growing competitiveness in Asia will shape the future of global aviation and travel? #GlobalCompetitiveness #AviationInAsia #AirTravel #Innovation #AviationLeadership #AsiaRising #FutureOfTravel #AviationTech #SustainableAviation
SID Accredited Board Director | Asia Business & ESG Expert | Advocate for Sustainable Foreign Investment | Trusted Advisor & Speaker | Corporate Strategy Leader
Why Singapore is Leading the World in Competitiveness 🌏 Singapore’s top ranking in the 2024 IMD World Competitiveness report is no accident—it’s a testament to its strategic vision and policy execution. Here’s why Singapore continues to dominate: 1. Government Efficiency: Singapore is renowned for having a transparent government that responds rapidly to economic shifts. Policies supporting foreign investments and ease of doing business have created a fertile ground for global companies. 2. Business-Friendly Environment: From low taxes to efficient regulatory frameworks, Singapore consistently ranks high for business efficiency. With one of the most streamlined regulatory environments, companies can quickly set up operations and scale without bureaucratic delays. 3. Technological Infrastructure: Singapore’s significant investment in cutting-edge infrastructure, including 5G, AI, and smart city technologies, makes it a leader in tech-driven innovation. These advancements not only fuel local industries but also make Singapore a hub for multinational corporations looking to test and deploy new tech solutions. 4. Talent & Education: Singapore’s robust education system and its ability to attract top global talent keep the workforce highly skilled and adaptable. This talent pipeline has been pivotal in sectors such as finance, biotechnology, and information technology. 5. Adaptability & Innovation: While many nations struggle to adapt to rapid changes, Singapore excels in staying agile, from adapting to green energy solutions to fostering digital trade agreements. The newly concluded digital trade agreement with the EU is just one example of how Singapore positions itself as a global innovation hub. This blend of stability, innovation, and efficiency has helped Singapore weather global economic storms and retain its status as a top global business hub. For businesses looking to thrive in the region, Singapore’s commitment to staying ahead of the curve is a powerful draw. 🚀 Are you ready to leverage Singapore’s unique advantages?
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Life Science, Biotech, MedTech, BioPharma, Marketing & Strategic Positioning Expert 🎯 | Because solving complex problems is way more fun than counting likes!
Singapore is once again leading the world in competitiveness. It’s almost like having a government that actually knows what it’s doing, a business environment that doesn’t bury you in paperwork, and a tech infrastructure that’s basically from the future has its perks. Who knew? And don’t even get me started on the talent. Apparently, when you invest in education and attract global brains, amazing things happen. Singapore—making global domination look easy since forever. #ObviouslyTopAgain #BusinessGoals
SID Accredited Board Director | Asia Business & ESG Expert | Advocate for Sustainable Foreign Investment | Trusted Advisor & Speaker | Corporate Strategy Leader
Why Singapore is Leading the World in Competitiveness 🌏 Singapore’s top ranking in the 2024 IMD World Competitiveness report is no accident—it’s a testament to its strategic vision and policy execution. Here’s why Singapore continues to dominate: 1. Government Efficiency: Singapore is renowned for having a transparent government that responds rapidly to economic shifts. Policies supporting foreign investments and ease of doing business have created a fertile ground for global companies. 2. Business-Friendly Environment: From low taxes to efficient regulatory frameworks, Singapore consistently ranks high for business efficiency. With one of the most streamlined regulatory environments, companies can quickly set up operations and scale without bureaucratic delays. 3. Technological Infrastructure: Singapore’s significant investment in cutting-edge infrastructure, including 5G, AI, and smart city technologies, makes it a leader in tech-driven innovation. These advancements not only fuel local industries but also make Singapore a hub for multinational corporations looking to test and deploy new tech solutions. 4. Talent & Education: Singapore’s robust education system and its ability to attract top global talent keep the workforce highly skilled and adaptable. This talent pipeline has been pivotal in sectors such as finance, biotechnology, and information technology. 5. Adaptability & Innovation: While many nations struggle to adapt to rapid changes, Singapore excels in staying agile, from adapting to green energy solutions to fostering digital trade agreements. The newly concluded digital trade agreement with the EU is just one example of how Singapore positions itself as a global innovation hub. This blend of stability, innovation, and efficiency has helped Singapore weather global economic storms and retain its status as a top global business hub. For businesses looking to thrive in the region, Singapore’s commitment to staying ahead of the curve is a powerful draw. 🚀 Are you ready to leverage Singapore’s unique advantages?
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President, AFK Strategies | Member, The Economic Club of New York | Empowering Financial Success Through Strategic Advice & Investment Strategies
🌐 In a warm and candid setting, we gathered at The Economic Club of Washington, D.C. for a conversation between Singapore's Minister for Trade and Industry Gan Kim Yong during his North America Trip and Siemens America CEO Barbara Humpton. #Singapore #EconomicClub #GlobalChallenges #Sustainability #Trade #SupplyChain #COVID19 #USChina #ClimateChange #SMEs #AgingPopulation #BusinessHub #EconClubDC #GlobalExecutiveTalks Here are some of my key takeaways: 1.COVID-19 Response: Minister Kimyong shared Singapore's proactive approach to balancing public health and economic concerns during the pandemic. (He was Minister for Health during Covid-19) 2.US-China Relationship: Insightful discussion on the importance of dialogue and engagement between the US and China to foster cooperation and minimize misunderstandings, especially on global issues like climate change. 3.Climate Change and Carbon Tax: Singapore's commitment to addressing climate change through initiatives like the carbon tax, encouraging businesses to transition to sustainable practices. 4. Supply Chain Resilience: Singapore emphasizes its role as a reliable partner in global supply chains, ensuring efficiency and reliability even during disruptions like COVID-19. 5. Trade Agreements and SME’s: Trade agreements are vital for SMEs to access global markets, with Singapore offering assistance to navigate these agreements and expand international presence. 6. Challenges of Aging Population: Minister Kimyong discussed Singapore's approach to the challenges of an aging population, focusing on health incentives and aligning financial incentives for healthcare providers. 7. Cost of Living and Real Estate: Singapore acknowledges the challenges of high costs and emphasizes its focus on efficiency, transparency, and infrastructure to maintain attractiveness as a business hub.
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Connecting with Singapore Six key countries currently dominate Southeast Asia’s manufacturing market, each with unique opportunities to consider. These countries are Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam. Singapore, in particular, stands out as Southeast Asia’s most mature economy with advanced manufacturing capabilities. The Singapore government’s Manufacturing 2030 initiative provides a strong foundation for companies. The initiative aims to increase the value-add of manufacturing by 50% by 2030, maintain a 20% share of GDP, and establish Singapore as a global business innovation and talent hub for advanced manufacturing. Singapore’s business-friendly approach is yielding significant results. It ranks second globally in the World Bank’s Ease of Doing Business index and fourth for global competitiveness by the IMD World Competitiveness Centre. The manufacturing opportunity in Southeast Asia and Singapore is growing, but companies should make strategic decisions and evaluate local benefits and challenges to maximize this value. Singapore is a globally connected hub with 26 bilateral and regional FTAs, over 200 shipping lines connecting 120 countries, and one of Asia’s leading shipping ports. Its talent market ranks third globally in the World Economic Forum’s Workforce Quality Index, and over 70% of residents are multilingual. Singapore’s business-friendly approach is undoubtedly reaping the rewards. It is ranked second globally in the World Bank’s Ease of Doing Business index and fourth for global competitiveness by the IMD World Competitiveness Centre. Southeast Asia and Singapore’s manufacturing opportunities are undoubtedly on the rise. Still, companies must make careful strategic choices and assess local benefits and challenges to unlock the most significant share of this value.
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🌏 Deepening Singapore-Korea Business Collaborations 🌏 At the recent Singapore-Korea Business Forum, Minister Tan See Leng emphasized the importance of strengthening bilateral ties amidst sustainability and technological disruption. Key partnerships are being forged in energy transition, supply chain resilience, and research innovation. Singaporean companies have an incredible opportunity to leverage these collaborations, opening doors to dynamic markets across ASEAN and beyond. 💼 Ready to grow your business with strategic partnerships? Discover how government grants can support your expansion goals. Read more here : https://lnkd.in/gRFT3Mx7 📞 Contact us today to explore how we can assist in your business journey! #BusinessGrowth #Innovation #GovernmentGrants #ASEAN #Singapore
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As global supply chains evolve, businesses are increasingly adopting the China Plus One Strategy (C+1) to diversify their operations and mitigate risks. Thailand, with its strategic location and robust economic growth, stands out as the prime destination for companies looking to expand. With a 4% annual growth projection, Thailand offers numerous advantages, including a well-established manufacturing base, a pro-business environment, and strong regional connectivity through ASEAN. What makes Thailand a smart move? 🇹🇭 🔵 Strategic Location: Thailand’s proximity to key ASEAN markets makes it a hub for regional supply chains. 🔵 Government Incentives: Thailand provides generous tax breaks, investment incentives, and policies focused on digital transformation and sustainability. 🔵 Sector Opportunities: Emerging industries like green energy, precision medicine, and logistics are rapidly growing, positioning Thailand as a leader in innovation. By expanding into Thailand, companies can not only diversify but also take advantage of its growing role in ASEAN's economic integration. The country’s focus on building resilient supply chains and fostering regional partnerships makes it an ideal market for long-term growth. Ready to leverage Thailand’s unique advantages? Join the Singapore Management University Academy's Internationalisation Series: Bangkok, where we’ll provide actionable insights, industry connections, and strategies to help you succeed in Thailand’s rapidly evolving business landscape. https://lnkd.in/g3KBmQsE #GlobalBusiness #ThailandOpportunities #ChinaPlusOne #SMUBangkokSeries #BusinessExpansion
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MDRT Senior Premium Wealth Manager - I assist PR and EP holders with health/Medical/Life/Protection and investment policies.e
Don’t miss out on the top 5 economic outlooks in Singapore. Singapore has been growing consistently. There was a lot of growth and innovation in the country in 2023. Here are glimpses of the top 5 economic outlooks in Singapore in 2023. Technology and Innovation Singapore’s image has been strengthened as a global technology and innovation hub in 2023. There were a lot of investments in research and development that led to breakthrough technologies and startups. Green Economy Initiatives The importance of sustainability increased in 2023 in Singapore. The nation has focused a lot on eco-friendly initiatives, which will bring new green business avenues and investments. Smart Infrastructure Infrastructure development has become very important for economic resilience. There were a lot of smart infrastructure projects in 2023 that enhanced connectivity and sustainability. Global Trade Dynamics After the pandemic, Singapore’s strategic location and trade-friendly policies have increased international trade. The nation’s attempt to adapt to evolving trade dynamics has positioned Singapore as a key player in the interconnected world. Healthcare Innovation The healthcare sector has seen a lot of innovation and digitalization, which ensures that Singapore leads in medical advancements. This has improved public health and also opened new economic opportunities in health and biotech industries. Planning to invest in Singapore? Connect with me. 👉 If you want someone who truly gets your financial needs met, I'm your go-to gal ✔ Click the “Follow” & "Connect" buttons now and let me help you achieve your financial dreams 💰 #SingaporeEconomy #TechInnovation #GreenEconomy #SmartInfrastructure #GlobalTrade #HealthcareInnovation #InvestInSingapore #EconomicGrowth #Sustainability #BusinessOpportunities
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