Singapore companies eye opportunities in the US

returned to pre-pandemic levels in the second quarter of this year – rising 6.6 per cent on an annualised basis.

Last year, nearly 120 Singapore companies ventured for the first time onto US shores, with offerings in the food, furniture, fashion accessories and consumer electronics segments.Irvins, which is well known for its salted egg snacks, launched in the US in February 2020. "The original fish skin was not allowed to be imported to USA," said Mr Irvin Gunawan, founder and CEO of Cocoba.

These are now in high demand due to the pandemic-led e-commerce boom and the urgency to secure supply chains. “It’s very easy to do business. The foreign ownership restrictions are relatively straightforward. It’s freehold land and the fundamentals of the economy are very good,” he added.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Grab trims full-year forecasts, says US$40 billion Spac merger on trackSINGAPORE — Grab, Southeast Asia's biggest ride hailing-to-food delivery group, lowered its full-year forecasts on Tuesday (Sept 14), citing renewed uncertainty over pandemic-related movement restrictions despite encouraging vaccination rates in the region.
Source: TODAYonline - 🏆 1. / 99 Read more »