Southeast Asia is one of the fastest growing regions of the world. Revenues of organizations based in this region have grown from 7.5% in 2014 to an estimated 9.3% in 2015. Only China has grown at a more robust rate. More growth for SE Asia is expect in 2016 and beyond.
Due to this continued growth, US based associations are finding opportunities to expand into this region, and Singapore has been a natural base for regional outreach. Ranked the world’s number one business-friendly economy in the world according to a report by The World Bank and International Finance Corporation, Singapore is home to over 150 International Organisations and more than 7,000 multi-national companies with regional operations. The strategic location of Singapore connects to the world’s biggest market, with more than 100 airlines flying to 300 countries worldwide and has an access to 4 billion people within a 7- hour flight radius.
The appeal of Singapore to associations, besides its strategic location in Asia, includes the multi-value propositions of a modern cosmopolitan city, excellent connectivity throughout the region and to the rest of the world, state-of-the-art operations and logistics infrastructure, leading edge meeting and convention facilities, strong and stable financial and geo-political status; coupled with its multi-ethnicity and cultural diversity, that offers any newcomer an unforgettable experience and yet provides an environment that is receptive to new influences and the ease of assimilation.
As a nation, Singapore is well-known for its effectiveness, reliability and a consistent enforcer of intellectual property rights; key ingredients for any association keen to establish a presence in Singapore. The government is vastly pro-investment, maintaining a competitive tax strategy and a slew of incentive programmes to encourage and assist in incubating both profit and non-profit organisations.
As Asia’s leading destination for conferences, it comes as no surprise that Singapore was also ranked by the Union of International Associations as the Top International Meeting Country in 2011 and Top International Meeting City for five consecutive years, and Asia’s Top Convention City for twelve consecutive years by the International Congress and Convention Association. With over 50,000 hotel rooms and 50 million passengers passing through the airport, and home to many regional corporate offices, the republic is well poised as a “gateway” to Asia.
Attend a Special Briefing & Panel Feb 23 and 25
If your association is considering expanding into Asia, then you will not want to miss Doing Business in Singapore & Southeast Asia panel discussion and luncheon on:
February 23 in Alexandria, VA
February 25 in Chicago, IL
Panellists will include executives from American Society for Quality, CFA Institute and American Counseling Association who will share how US associations are growing in the region and the opportunities and ingredients for success. Through presentations and interactive discussions, you will learn successful strategies and concrete examples from organisations that are selling products and organising events in Singapore and Southeast Asia.
This event is free of charge and open to associations only. For more information and to register, please click on the links above for either Chicago or Alexandria Va (Washington DC area).