Each year AmCham Singapore works together with other AmChams in the region to survey senior members from U.S. companies to gather insights about business conditions and sentiment in Asia Pacific. These findings are then presented in intimate discussions with the Singapore government and U.S. government. This is a key pillar of our advocacy work.
In 2010, AmCham Singapore collaborated with The American Cambodian Business Council, The American Chamber of
Commerce in Indonesia, The American Chamber of Commerce of the
Philippines, The American Chamber of Commerce in Thailand, The American
Chamber of Commerce in Vietnam, and The American Malaysian Chamber of
Commerce to find out what were the business conditions of doing business in Asia Pacific.
Key findings
As the world shows signs of
recovery, U.S. companies in ASEAN are optimistic about the economy to
perform much better in 2010 than in 2009.
Most respondents (73%) predicted the economy to be better or much better in 2010, a vast
improvement from respondents in 2009.
ASEAN contribution to global
business is expected to continue to increase with over 70% expecting
that the region will play an even more important role in the next two
years. Most respondents (84%) cited economic recovery as a reason for
ASEAN’s increased importance, followed by limited growth opportunities
in other regions (51%) and improvement in infrastructure (44%).
Business expansion is also expected in Asia, with most respondents
(80%) saying their companies plan to expand in Asia within the next two
years while 60% expect an increase in workforce.
Highlights of the
press conference held by AmCham Singapore:
