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Strong outlook draws more Singapore firms to Asean

Companies in Asean accounted for biggest proportion of overseas credit searches by Singapore businesses, followed by those in East Asia and Europe

Singapore

THE stronger global trade outlook is reigniting Singapore companies' interest in doing business with - and conducting due diligence on - their overseas counterparts, especially in the region.

Overseas credit searches by local businesses rose by 3.04 per cent last year following a 1.16 per cent decline in 2016, according to the Singapore Commercial Credit Bureau (SCCB).

Asean accounted for the highest proportion of overseas credit searches by Singapore firms for the fifth consecutive year,...

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