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Singapore to benefit from tighter Asean integration: report

But Republic needs to deal with pressures of cost normalisation

Sectors in Singapore potentially most affected by wage normalisation include higher-end manufacturing and non-tradable or net importing services such as government and healthcare services - PHOTO: ST

SINGAPORE has much to gain from tighter regional integration but needs to be aware of the challenges presented by cost normalisation, according to a report by Citi Research which looks into Asean's long-term prospects for economic growth.

With the impending implementation of the Asean