Wednesday, February 15, 2012

Expanding abroad less attractive for firms now

Business Times: Wed, Feb 15
(SINGAPORE) Fewer companies have expansion on their minds now, given the uncertain economic outlook. And among those that do, Indonesia and Malaysia have overtaken China as preferred markets for expansion.

The latest Business Times-UniSIM Business Climate Survey of 135 firms found that only 64 per cent intend to expand their production or services abroad in the next six months, down from 80 per cent a year ago...

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