Singapore has unveiled the Professional Services (PS) Centre, a new initiative designed to streamline the process for businesses expanding across Asia. Officially launched by Indranee Rajah, Minister in the Prime Minister’s Office, the centre aims to connect businesses with essential professional expertise across the region.
Located at ISCA House, the Singapore PS Centre serves as the hub of a regional network that includes centres in Hongqiao, Shanghai, Ho Chi Minh City, and Nanjing, with Jakarta expected to join later this year. Future expansions are planned for Bangkok, Johor Bahru, and Shenzhen. This network provides businesses with access to local knowledge, professional expertise, and business connections through a single, coordinated platform.
The initiative is led by the PS Centre Alliance, which includes the Association of Small & Medium Enterprises, the Institute of Valuers & Appraisers, and the Singapore Business Federation, among others. The centre aims to address the complex challenges businesses face today, such as geopolitical shifts, changing trade policies, and AI disruption, by offering coordinated support from professionals in various fields including legal, accounting, and HR.
The Singapore PS Centre also introduces the Business Growth Clinic, where business owners can seek guidance on challenges like overseas expansion and AI adoption. Early results show success, with firms like Unity Assurance and Morningstar benefiting from the network’s support in China and Vietnam.
Lee Boon Teck, President of the Institute of Singapore Chartered Accountants, stated, “We are bringing together trusted professional firms, business associations, and local partners across Asia, making it easier for businesses to expand with confidence.” This initiative strengthens Singapore’s position as a global business hub, offering new opportunities for professional services firms to support clients expanding overseas.
