SINGAPORE: Thailand and Malaysia may be giving Singapore a run for its money when it comes to multinational companies’ Southeast Asia bases, based on an April 10 report in
Singapore has ranked high on lists of countries for ease of doing business, and due to its status as a financial hub, it remains highly attractive to global firms.93, in comparison to rival cities Tokyo and Seoul, even though on a countrywide basis, Japan and South Korea have more such firms. Malaysia’s “tax advantages” were cited in the article as one particular reason that made it more attractive for the Japanese country to choose it over Singapore.
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