Singapore

THERE is "enormous potential" across the region waiting to be tapped and Singapore companies should act sooner rather than later, said Senior Minister of State for Trade & Industry and National Development Koh Poh Koon. To support businesses in their regional ventures, Singapore is working on trade agreements to facilitate the free flow of goods and services in the region, as well as working to remove impediments to cross-border investment, he added.

Dr Koh was speaking at the launch of the inaugural 2018 Asean Teochew Entrepreneur Award, held on Friday at OCBC Centre. The award, given out by the Teochew Poit Ip Huay Kuan - a clan association - aims to honour the achievements of Teochew entrepreneurs in Asean. Winners from Singapore, Malaysia, Indonesia and Thailand will be shortlisted, with an overall winner to be revealed at a gala event in Singapore.