The original article appeared on the Singapore Business Review.
By Leas Bachatene
In a time of universal deceit, according to Orwell, telling the truth is a revolutionary act. In today’s business environment, truthful business is no longer a revolutionary act, but is a necessary component of responsible and sustainable business practice.
This will form the precedent in Singapore – a globalized city and a leading APAC hub. Singapore owes its renewed vigour to increasing internationalisation – driven through the US$2.6 trillion ASEAN Economic Community (AEC) and the US$28 trillion Trans Pacific Partnership (TPP) pacts. Both AEC and TPP will spur economic development – domestically and across the region – accelerating growth and transformation.
With increased international scrutiny and regulators who are not tolerating opaque and unethical practices, measures to address and prevent corruption are essential for Singapore and ASEAN firms to continue to compete at a regional and global business level.
The full article can be found at sbr.com.sg