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ISCA CEO, Mr Lee Fook Chiew, was quoted in The Business Times on the question of "What measures, if any, are needed as Singapore seeks to tackle the economic slowdown?" This is what he has to share:
Amid the current uncertain economic climate which has dampened market demand in some sectors, there remains growth markets, such as within ASEAN, for Singapore companies to venture into.
Government agencies can help to inspire business confidence by providing companies that are on the lookout for overseas business opportunities with more targeted information and guidance. For example, information on how to make use of ASEAN Trade in Goods Agreement (ATIGA), ASEAN Framework Agreement on Services (AFAS) and ASEAN Trade in Services Agreement (ATISA), or pertinent details regarding relevant business or tax laws and regulations in specific markets, will be very helpful. This would facilitate Singapore companies’ journey as they step abroad in search of new markets.
- Lee Fook Chiew, Chief Executive Officer, Institute of Singapore Chartered Accountants (ISCA)
This article was first published in "Views From the Top" in The Business Times on 22 July 2019.
