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The Nexus
BUSINESSMay 30 · 01:30 UTCSCMP CHINAKolette Lim

Rising costs in Singapore spur business migration as regional alternatives rise

Rising costs and a tight labor market in Singapore are prompting businesses like Gardenia and H&M to relocate operations to Malaysia, which is becoming a more affordable regional alternative. Analysts warn that Malaysia's gains from this migration could lead to increased competition for skilled workers.

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GardeniaorganizationH&MorganizationSingaporeplaceMalaysiaplaceCausewayplacebusiness migrationtopic
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