GM moves HQ from Shanghai to Singapore
Singapore - with its UK-based legal system - has won the coup of seeing General Motors transfer its international headquarters from Shanghai over to the island state.
Tilt photography Tilt photography
Singapore is working hard to present itself as a major financial services centre in Asia. It has developed a sophisticated financial services centre and is also attractive because of its low tax rates and UK-style legal structures. The Detroit-based car manufacturer plans to set up the new HQ with 120 staff next year - although about 250 staff will remain in Shanghai. But they will be tasked with the national market there rather than running the region. Source: The Financial Times
Email your news and story ideas to: [email protected]
