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Singapore still hot investment choice for MNCs but rising costs a concern

Published on Jan 7, 2013 4:33 PM
 
Over a third of global multinational companies plan to raise their investment in Singapore in 2013, making this the seventh most popular investment destination in Asia, a new survey has shown. -- ST PHOTO: ALPHONSUS CHERN

Over a third of global multinational companies plan to raise their investment in Singapore in 2013, making this the seventh most popular investment destination in Asia, a new survey has shown.

But the Asia Business Outlook Survey by The Economist Corporate Network also reveals that Singapore is losing its shine as a place for running regional management centres.

"Our survey shows that companies are increasingly concerned about issues such as inflation, rising costs, expensive property prices, and shortages of staff," said Mr Justin Wood, the Southeast Asia director at The Economist Corporate Network.

The survey received responses from 207 senior executives at large firms across Asia.

 
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