Singapore, Indonesia & Malaysia seek a regional supply chain base | World Business Watch | WION

The world is looking to diversify its supply chain away from China. Singapore is in talks with Malaysia and Indonesia to develop a strong regional supply chain base. Speaking at an event, Jacqueline Poh, economic development board's managing director, said that the city-state is expecting a more muted 2023 in terms of investments, after a record 2022 where it secured 16.5 billion dollars in fixed asset investments. More than 66% of the investments went for establishing electronics manufacturing projects.

#china #supplychain #WION

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