More companies expanding in multiple overseas markets: survey

[SINGAPORE] Companies here have an increasingly diversified range of overseas markets on their radar for expansion, according to the latest BT-UniSIM Business Climate Survey.

Seven in 10 of the 147 firms polled plan to expand business activity abroad in the next six months. Of these, 68 per cent have plans in more than one overseas market, up from 59 per cent a year ago. This proportion fluctuates but appears to be on an upward path, said survey director Chow Kit Boey.

"More companies are undertaking multiple-country expansion in 2014 and are more diversified in their expansion destinations," she said. Countries cited by the respondents range from Myanmar to Switzerland, Papua New Guinea to Kenya.