Businesses must do their part for greater Asean integration: PM Lee
He says businesses should welcome more competition in home markets for greater access to other Asean markets
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
BEING beneficiaries of Asean integration and openness, Asean businesses should get used to and embrace more competition in their home markets for greater access to other Asean countries in return, Prime Minister Lee Hsien Loong said on Monday.
Speaking to some 1,000 regional policymakers and business leaders at the opening of a two-day Asean Business and Investment Summit, he noted that businesses do not always welcome foreign competition in their domestic markets. "They may lobby governments to impose regulations or keep industries closed to protect themselves."
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
