Singapore seeks to become the Asian home base of global companies

Global companies are increasingly seeking an Asian home base from which they can manage their pan-Asian operations.

According to Mr Tharman Shanmugaratnam, Minister for Finance, in his speech in the groundbreaking ceremony for Hub @ One-North, global companies are seeking for a place from which they can make key business decisions, develop products and services catering to Asian markets, and manage finance and marketing operations across the region.

Asian enterprises are looking for an international centre that they can use as springboard to enter global markets. Both gobal and Asian companies need access to quality local and global talent to help them achieve their goals.

Singapore seeks to become a partner to both global and Asian companies in this regard.