COMPETITION FOR REGIONAL HEADQUARTERS HEATS UP FOR PRC

January 31, 2008 | BY

clpstaff

Manufacturing companies in Asia-Pacific see Singapore, the PRC and Hong Kong as the best locations for regional headquarters [RHQ], according to a survey…

Manufacturing companies in Asia-Pacific see Singapore, the PRC and Hong Kong as the best locations for regional headquarters [RHQ], according to a survey by Spire Research and Consulting.

Covering more than 100 global corporations in the Asia-Pacific region, the survey showed that the PRC came a close second to Singapore with 56 votes in comparison to Singapore's 57 for attractiveness as an RHQ location. While Singapore's economic policies, political stability, and lifestyle and leisure make it a first choice for multinational corporations [MNCs], the PRC is considered the most favourable manufacturing site of the future due to its huge domestic market size.

“These findings demonstrate that Singapore remains the most competitive location for RHQ in the Asia-Pacific region,” said Leon Perera, group managing director of Spire Research and Consulting. “However, more companies are opting for dual RHQs

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