More Singapore firms with advanced tech venturing into region

"The sectors showing the most interest in the region are consumer, digital economy, infrastructure and manufacturing," said Mr Tan Soon Kim. PHOTO: ST FILE
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South-east Asia's economy is expected to expand at a yearly average of 5.2 per cent until 2023 and, with manufacturing being a key growth driver in the region, more Singapore companies with advanced technologies are venturing out, Enterprise Singapore told The Straits Times.

It is working with about 40 companies that provide Industry 4.0 solutions to the region, compared with around 20 two to three years ago, said Mr Tan Soon Kim, the agency's assistant chief executive for South-east Asia and South Asia.

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A version of this article appeared in the print edition of The Straits Times on October 22, 2019, with the headline More Singapore firms with advanced tech venturing into region. Subscribe