(1) When it comes to attracting companies to set up here, we must know what edge we have. Do we offer good legal protection? Do we offer good talent? Is the eco system present?
(2) Singapore is an expensive place to operate, but many high tech companies are willing to stomach this in return for IP protection espcially those in heathcare & technology sectors
(3) Trade perspective, Singapore also has agreements in place to allow seamless exports / imports of products. Housing an operation here can make sense from tax & legal perspective
(4) Vietnam & China can produce manufactured goods at far cheaper rates than us. Increasingly we are seeing consolidation of plants in these countries.
(5) Thailand is an auto hub because the eco system is present. The various components required to make a car, all these manufacturers are located close to each other. This makes logistics easier & cheaper
(6) This is similar to China producing Apple phones. Al the component makers are situated in same location. Logistics to export these out is also well planned. This is the eco-system, everybody working in sync, making it easier.
(7) So our conundrum is where we fit into all this. What is it we are offering that we can stand out against the rest? Can’t go out and attract companies offering things we cant. But what we can, we should strive to do 100x better than the rest.
• • •
Missing some Tweet in this thread? You can try to
force a refresh
