Growing middle class, burgeoning startup scene in Thailand light paths for Singapore businesses: SBF

[BANGKOK] Tailwinds from government-led investments in key sectors, a structurally fertile consumer market, and strong avenues for financing have created more pathways for Singapore-based businesses to expand into Thailand.

Kok Ping Soon, chief executive of the Singapore Business Federation (SBF), told The Business Times that Singapore enterprises are increasingly seeking to invest, foster business relationships, or enter the market in Thailand.

He noted the two countries’ strong bilateral ties as a key driver. “Strong government-to-government relationships are even more important now than before because of current global uncertainties,” he added.