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Singapore Sees Upside From ‘Flight to Safety’ and Supply Chains

  • EDB chairman says city-state to benefit from uncertainty
  • Chinese tech firms relocating to ‘very attractive’ market
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WATCH: Singapore Economic Development Board Chairman says the city-state is benefiting from a “flight to safety” in uncertain times.Source: Bloomberg

Singapore is benefiting from a “flight to safety” in uncertain times and a “regionalization” of supply chains, according to the city-state’s Economic Development Board.

Companies that have been battered by the pandemic and are now facing regulatory uncertainty elsewhere as well as surging inflation are attracted to Singapore’s pro-business environment and predictable policies, EDB Chairman Beh Swan Gin told Bloomberg Television’s Haslinda Amin.