Standard Chartered survey reveals Singapore as top destination for Asean companies looking for growth

Standard Chartered commissioned a survey for its Borderless Business: IntraASEAN Corridor, a strategic report that explores high-potential opportunities for cross-border growth within the region. 

The survey, which targeted senior executives at 83 companies based in Asean, reveals that Asean companies are highly optimistic about intra-regional growth in the coming year. The majority of Asean companies that are focusing on intra-regional opportunities expect robust business growth in the region over the next 12 months.

The survey also found that senior executives felt that access to the large and growing Asean consumer market (69%), access to a global market enabled by a network of Free Trade Agreements (59%) and availability of abundant and skilled workforce (49%) were among the most important drivers for expansion across the region