Sign up | Log in



Home  >>   Daily News  >>ฺSingapore>>Ties>> Singapore agency eyes partnership with DARE
NEWS UPDATES Asean Affairs     September  22,  2016  

Singapore agency eyes partnership with DARE

A SINGAPOREAN government agency is hoping to work with Darussalam Enterprise (DARE) to build partnerships between Bruneian companies and those from the city state.

Ivan Tan, group director for Southeast Asia group of International Enterprise (IE), said the agency, which primarily helps promote Singaporean companies to the international markets, wants to build on potential opportunities for collaboration in sectors outside of oil and gas.

“We’ve mentioned about halal manufacturing and ecotourism but there could be more. We hope to identify good partnerships between Brunei and Singapore companies and that will serve as a good signal to Singaporean companies that there is more than just oil and gas in Brunei,” he said in an interview following a dialogue hosted by DARE.

Tan said companies that want to use the agency’s international network must go through a process which includes measuring one’s risk appetite and amount of resources.

Other aspects that are taken into account are the business model of the particular company and its business direction.

“It (finding partners) involves a specific process so it’s quite hard to generalise. But one of the major factors is reputation and track record of the partner company along with its financial strength,” he said.

He said the business should also know about the network of its prospective partner company to help them navigate in a foreign market.

Tan said good partnerships are central for businesses to work but the partnership structures differs from company to company.

“Our role as a government agency is to help facilitate that. We try to understand their (companies) and then provide market advice to them but at the end of the day it is up to them to decide what they want to do,” he said.

IE has over 30 centres in different parts of the world to collect and make sense of information on the ground. Information on a particular country would then be relayed to the companies that want to expand into that market.

Last night’s DARE dialogue was focused on regional opportunities for business expansion, taking into account initiatives such as the Trans-Pacific Partnership, ASEAN Economic Community and the One Belt One Road initiative.

In his presentation, Tan highlighted the need for businesses to understand the implications of global trade developments and the changing consumer landscape in various countries.

Based on projections by institutions such as the the World Bank and the Asian Development Bank, Tan said Asia’s urban population is set to grow to 2.6 billion by 2030.

He said Myanmar, Indonesia and Vietnam also have a growing middle class which businesses can tap into.

In his introductory speech, DARE CEO Loo Yau Soon said the dialogue aimed to help Bruneian businesses seeking to grow beyond the local market.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

Today's  Stories                          September 22, 2016 Subsribe Now !
• PM approves Quang Ninh seaport Subcribe: Asean Affairs Global Magazine
• External debt reaches $324.2 billion in July
• FMI ranked Myanmar’s most transparent company
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• Entrepreneurship, capital surge
• Lao Government Promises Over Land Are Met With Suspicion
Asean Analysis                  September 16, 2016
• Asean Analysis  September 16, 2016
Cambodia’s Hun Sen Picks Off the Opposition, One by One, Ahead of Elections
Advertise Your Brand

Asean Stock Watch   September 21 , 2016

• Asean Stock Watch-September 21, 2016
The Biweekly Update
• The Biweekly Update  September 16, 2016

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand