Part 9/11:
Many Singaporean companies are looking to set up operations abroad, but the long-term nature of such investments often deters immediate action. Companies seek government support through grants or loans that reduce the risk associated with establishing or expanding overseas branches. Assistance in areas like relocation grants or funding for offshore production can incentivize businesses to explore new markets.
Additionally, the development of managerial talent to oversee multi-regional and multicultural portfolios is crucial. Companies desire training programs that prepare their managers for the complexities of leading diverse teams across borders, ensuring Singapore remains competitive as a regional business hub.