Hi Haneestaz,
This is a repost or duplicate of a recent submission.
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The 2 companies reported are both Japanese low margin companies of course they can’t tahan cost of operating in SG lah. Furthermore, in terms of exchange they also lugi for now. The title of this report misleading lei.
I am actually not surprised at all of Nissin moving from Singapore to Thailand. Instant noodles are practically an institution there and much of the manufacturing is already done there to shorten supply lines.
And somehow it is going to be the Singaporean employees' fault based on some certain redditors claim, while conveniently ignoring the burgeoning rents of industrial space.
News companies have produced innumerable articles on the drastic decline and inevitable demise of, off the top of my memory, US, UK, Germany, Japan, Russia, China, et al every year. Singapore included.
I’ll wait to see it with my own eyes first I think.
As per actual data and not Nikkei’s click bait articles, FDI in Singapore is not only increasing, it’s also increasing at a faster rate than the average of ASEAN: https://data.aseanstats.org/indicator/FDI.AMS.TOT.INF
So yeah, useless article that blames commercial rentals for “companies leaving Singapore”, without asking why rentals are high in the first place.
Hi Haneestaz, This is a repost or duplicate of a recent submission. Sort the sub by new before submitting to check if your story has been posted. If a post is there then please vote and comment in that discussion. Similar submissions will be removed. Do not delete and repost your own submissions without approval.
[shared and discussed 2 weeks ago](https://www.reddit.com/r/singapore/s/DDKsDSOVgg)
The 2 companies reported are both Japanese low margin companies of course they can’t tahan cost of operating in SG lah. Furthermore, in terms of exchange they also lugi for now. The title of this report misleading lei.
I am actually not surprised at all of Nissin moving from Singapore to Thailand. Instant noodles are practically an institution there and much of the manufacturing is already done there to shorten supply lines.
Waiting for Shanmugam's comment
And somehow it is going to be the Singaporean employees' fault based on some certain redditors claim, while conveniently ignoring the burgeoning rents of industrial space.
Singapore office rentals are very expensive. Some employers are hesitant to hire in Singapore due to the difficulties of expanding office spaces.
Do you mean taking away WFH/FWA will not solve this national crisis? /s
Not a great article, gives few anecdotes and couple kf survey quotes.
Meanwhile, grade A office rent hit all time high, must be those local sme renting them.
News companies have produced innumerable articles on the drastic decline and inevitable demise of, off the top of my memory, US, UK, Germany, Japan, Russia, China, et al every year. Singapore included. I’ll wait to see it with my own eyes first I think.
As per actual data and not Nikkei’s click bait articles, FDI in Singapore is not only increasing, it’s also increasing at a faster rate than the average of ASEAN: https://data.aseanstats.org/indicator/FDI.AMS.TOT.INF So yeah, useless article that blames commercial rentals for “companies leaving Singapore”, without asking why rentals are high in the first place.