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Fewer Singapore companies planning overseas expansion: SBF survey

CNA • 2026-04-09T15:33:58Z • 9:26:00 • intermediate • Business

Lead

As Singaporean companies reassess their overseas ambitions, a recent survey reveals a significant decline in international expansion plans. What factors are influencing this shift?

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Quiz

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Q1. What percentage of Singaporean companies planned to enter overseas markets in 2024 according to the survey?

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Q2. Which region was identified as the top choice for companies looking to expand abroad?

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Q3. What are some of the main concerns cited by firms regarding overseas expansion?

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Q4. What is one of the key reasons companies are focusing more on the domestic market?

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Q5. Which country was mentioned as having a strong digital infrastructure that makes it attractive for Singaporean companies?

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Vocabulary

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expansion

/ɪkˈspænʃən/

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Definition

The process of increasing in size, number, or importance.

Example

The company's expansion into overseas markets has been very successful.

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grapple

/ˈɡræpəl/

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Definition

To struggle or try to deal with something difficult.

Example

The team had to grapple with rising costs and limited resources.

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uncertainty

/ʌnˈsɜːrtənti/

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Definition

The state of being unsure or having doubts about something.

Example

Economic uncertainty can lead to cautious spending by businesses.

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collaboration

/kəˌlæbəˈreɪʃən/

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Definition

The action of working with someone to produce or create something.

Example

The collaboration between the two companies resulted in innovative solutions.

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infrastructure

/ˈɪnfrəˌstrʌktʃər/

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Definition

The basic physical and organizational structures and facilities needed for the operation of a society or enterprise.

Example

The government is investing in infrastructure to support economic growth.

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sentiment

/ˈsɛntɪmənt/

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Definition

A view or attitude toward a situation or event; an opinion.

Example

Consumer sentiment plays a significant role in the economy's performance.

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