Close to 60% of Singapore companies plan to expand abroad Singapore News

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Close to 60% of Singapore companies plan to expand abroad Singapore News
इंडिया ताज़ा खबर,इंडिया मुख्य बातें

SINGAPORE: Singapore businesses are increasingly eyeing international expansion in 2024, with nearly 59% planning to extend their reach overseas, up from 57% in 2023.

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The data, released in a recent survey by the Singapore Business Federation , highlights growing interest in Southeast Asia, with Vietnam and Indonesia leading as top destinations , followed closely by Thailand .

However, enthusiasm for expansion into traditional markets has waned. Notably, Malaysia saw a 10% drop in interest, from 29% in 2023 to 19% in 2024, while China recorded a 5% decrease, with just 17% of Singapore businesses planning to enter or expand there this year. Looking forward, 56% of businesses expect international revenue to grow over the next 12 months, with only 6% anticipating a decrease. Alongside this optimism, 30% of businesses are planning direct investments in foreign markets to secure their foothold.

हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो:

IndependentSG /  🏆 9. in İN
 

इंडिया ताज़ा खबर, इंडिया मुख्य बातें

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