Dyson's move a sign of Singapore's attractiveness to global firms

Analysts cite stability, FTAs and IP protection as pull factors but say move alone unlikely to have big impact on economy

Dyson founder Mr James Dyson. Dyson said that its corporate head office will relocate from Britain to Singapore, where a rising proportion of its executive team will be based.
Dyson founder Mr James Dyson. Dyson said that its corporate head office will relocate from Britain to Singapore, where a rising proportion of its executive team will be based.PHOTO: AFP
Dyson, known for its bladeless fans and bagless vacuum cleaners, is moving its corporate head office from Britain to Singapore.
Dyson, known for its bladeless fans and bagless vacuum cleaners, is moving its corporate head office from Britain to Singapore.ST PHOTO: LIM YAOHUI

The shift of British technology company Dyson's head office to Singapore is a "significant and symbolic" move as it shows that the Republic - with its political stability, policy planning and free trade agreements (FTAs) - remains attractive to global brands.

This is despite the relatively high labour and land costs here, economists have told The Straits Times.

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A version of this article appeared in the print edition of The Straits Times on January 24, 2019, with the headline 'Dyson's move a sign of S'pore's attractiveness to global firms'. Subscribe