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Voted the best business environment in Asia Pacific, and the best place to live and work in Asia (EIU 2005), Singapore leverages on its core competencies to provide the most conducive environment for companies to site their business management control towers. More than 60% of the 7,000 MNCs have benefited from Singapore's highly-skilled workforce, favourable tax regime and test bedding opportunities, among other valuable resources and set up their headquarters here to manage their regional, and often global, operations.
With 4,500 international players and boutique firms offering professional management services, companies located in Singapore enjoy a wide range of expertise at their fingertips, including audit, accounting and management consulting; market development services of market research, advertising and public relations; human capital services; and legal services. In harmonious combination with the regional offices of more than 30 international organisations and non-governmental organisations (NGOs), these management service companies provide first-rate expertise to businesses around the world.
Case Studies
ZTE Corporation, China's largest listed telecommunications equipment manufacturer and leading wireless solutions provider, opened its Asia Pacific headquarters in Singapore, citing the country's technological sophistication as its motivation. "Singapore is the flagship market in this region - the local operators are focused on delivering the very latest technology to meet the demands of a sophisticated customer base," said President and CEO, Yin Yimin. The new headquarters is expected to manage the sales, marketing and technical support needs of its Southeast Asian and Oceanic operations.
US-based Xilinx, the world's largest manufacturer of programmable logic chips, plans to set up its Asia Pacific headquarters with in-house test facilities in Singapore. This complex will house its IT, human resources, logistics, sales and marketing divisions, as well as limited R&D activity to support its operations from Greater China to Australasia and India. Singapore not only offers one of the world's most business-friendly infrastructures, but it is a hub for complementary businesses such as wafer fabrication, assembly and design," says Stacy Fender, General Manager of Xilinx Asia Pacific.
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