Sunday, November 25, 2012

Singapore, A Very Promising Business Prospect in ASEAN

ASEAN Business Outlook Survey 2012/2013

Regional Highlights
The survey, released on August 30, 2012, found that U.S. companies are very optimistic about business prospects in ASEAN.
In a poll of 356 senior executives from U.S. companies across the region, 90% of survey respondents expect their company’s level of trade and investment in the ASEAN region to increase over the next five years, and 27% expect the level to increase significantly.

While U.S. businesses view the business outlook in ASEAN very favorably, the survey found substantial concern regarding corruption, which was the top issue for respondents in all countries except Singapore.
As in previous surveys, Singapore-based respondents are very satisfied with the local factors and government institutions. Respondents cite the stable government and political system (94%) and laws and regulations (86%). 40% of respondents expressed dissatisfaction with labor costs, while office lease  and housing costs were cited by 48% and 77% of respondents, respectively. 
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About AmCham Singapore
AmCham Singapore is the largest foreign business chamber in Singapore, with 4,500 members representing over 750 companies, and more than US$25 billion in investments in Singapore.


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