- POSTED: 16 Jan 2014 21:25
This graph is an experimental feature that tracks number of views over time.
Singapore is poised to be Asia Pacific's hub for multinationals to manage the region outside of Greater China.
SINGAPORE: Singapore is poised to be Asia Pacific's hub for multinationals to manage the region outside of Greater China.
According to a survey of 334 respondents conducted by The Economist Corporate Network, businesses no longer view the Asia Pacific area as a single region for management and reporting purposes.
Instead, Greater China is increasingly becoming a standalone management unit, with its own leadership team based in cities such as Shanghai and Beijing.
That leaves Singapore as a strong contender as the place that multinationals will choose as their hub for managing the rest of Asia Pacific outside of Greater China.
Meanwhile, businesses surveyed expect the ASEAN block of Southeast Asian nations to be the second-fastest growing region in Asia in 2014, after China.
Across the region, corporate expectations for growth in 2014 are high. Forty-six per cent of respondents say expectations are up compared to 2013. Only 12 per cent say their expectations have declined.