THE majority of the Australian business community in Asean feel confident about the future and many have plans to expand, a survey on Wednesday showed.
The Australian Business in Asean Survey 2016 found that over the past two years, 60 per cent of Australian businesses in the region have expanded their trade and investment and 86 per cent are planning to expand over the next five years.
AustCham Singapore president Guy Scott said this shows Australian businesses are recognising the opportunities across the region.
“Singapore is also well positioned as a regional hub with 73 per cent of businesses based here being global, South-east Asian or Asia Pacific headquarters for the company,” he said.
The close ties between the Singapore and Australian governments also help to support business, noted Mr Scott, adding that recent developments announced under the Singapore-Australia Comprehensive Strategic Partnership (CSP) will make it even easier to do business here.
This, as the CSP increases labour mobility, fosters innovation and reduces red-tape, thereby making it easier for Australians to work and operate in Singapore, he said.
And plans to establish a business association representing Australian businesses working offshore at the Asean level are underway, Mr Scott said. “Establishing an Australian Asean association will give us a seat at the table for discussions on policies that will affect our members, and allow us to engage the Asean secretariat around matters that affect the Asean Economic Community.”
The survey is a collaboration of all the Australia chambers of commerce and business councils representing each of the Asean member countries. By Claire Huang (email@example.com, @ClaireHuangBT), 17 August 2016
- Asean unions relaunch online complaints mechanism for migrant workers
- Asean official meets ATUC, receives ATUC Bali Declaration
- ATUC leaders meet in Bali, adopt Declaration on key concerns of labour in Asean
- ATUC youth joins conference on reducing youth unemployment and the future of work
- Making women in leadership a norm
What They Say About Us
- Working through the ASEAN Trade Union Council (ATUC), a number of labor groups from Southeast Asia have proposed the ASEAN Social Charter, which they see …
- Labour rights do not feature prominently on ASEAN’s agenda, but the ASEAN Trade Union Council (ATUC) is pushing for a social charter and a framework for the protection of migrant workers.
- ASEAN22 : The ASEAN Social Charter was designed by the ASEAN Trade Union Council (ATUC) and labour-friendly NGOs as a social counterpart to ASEAN’s economic
c/o Trade Union Congress of the Philippines
No. 2 Kalaw-Ledesma Circle, Tierra Verde 2, Tandang Sora, Quezon City 1116