Singapore can help EU firms looking to expand in Asia amid shifts in global economy: Heng

Singapore

THE Economic centre of gravity is shifting globally and this will likely continue as countries in Asia transform and embrace economic development, Deputy Prime Minister Heng Swee Keat said on Friday.

Among them are major countries such as China and India, and Singapore can continue to play a role by being an "Asia 101" that is able to help multinationals looking to expand in growing markets in this region, added Mr Heng, who is also Finance Minister.

Such companies include European businesses that already have a base here, Mr Heng told about 200 people, including government representatives and leaders of major European and Singap…