SINGAPORE (Jan 6): DBS Group Research says companies in Singapore and Thailand are leading the way among the 10 member states of the Association of Southeast Asian Nations (Asean) in the expansion of their regional footprints.

“Among Asean countries, Singapore and Thailand firms have a greater tendency to invest abroad due to their mature, high-cost and small home markets,” says DBS regional equity strategist Joanne Goh in a report on Thursday.

The companies, Goh adds, are aided by the Thailand and Singapore governments, which “provide supportive policies and measures for regional expansion.”

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