Singapore to benefit from tighter Asean integration: report
But Republic needs to deal with pressures of cost normalisation
Thu, Jun 12, 2014 - 6:00 AM
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.