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Singapore 'to be a hub for Asian business growth'

Wednesday 09 March 2011 by Gina Le Prevost

Individuals in international hedge fund jobs may want to consider Singapore as a gateway to emerging Asian markets, as the nation is trying to position itself as a business hub for the region. Minister for Trade and Industry Lim Hng Kiang said that the city-state is in an excellent position to act as a base from which multi-national corporations can expand into Asia, while also allowing companies from the region access to global markets, Govmonitor reports. He noted that the country is in a strong position, as its economy grew by 14.5 per cent in 2010 and its recovery from the financial crisis had been swift.

"Our value is not just location. Our companies must also understand the business environment in Asia. They must know the business regulations, demand conditions and ... HR best practices in various Asian markets," Mr Lim continued. One company expecting growth in the region is HSBC, which recently forecast it will see higher returns from its Asian operations this year, Bloomberg reported.