Prime Highlights :
- PwC Singapore will invest S$4 million over the next three years to set up a Trade Advisory Hub in Singapore.
- The new hub will help businesses manage changing global trade conditions and identify growth opportunities across the Asia-Pacific region.
Key Facts :
- The Singapore Economic Development Board (EDB) is supporting the Trade Advisory Hub initiative.
- The hub will use AI-driven solutions and digital tools to help companies manage risks and adapt to regulatory changes.
Background :
PwC Singapore will invest S$4 million (about $3.1 million) over the next three years to set up a Trade Advisory Hub in Singapore. The Singapore Economic Development Board (EDB) is supporting the hub to help businesses handle changing global trade conditions and find growth opportunities across the region.
The new hub will support both local and multinational companies as they respond to shifting trade rules, supply chain disruptions, and changing regulatory requirements. The hub will help companies understand these changes and make better decisions for growth across the Asia-Pacific region.
PwC said the investment will be used to build specialist talent, develop innovative digital tools, and create business assets linked to trade and international growth. A major part of the hub’s work will involve AI-driven solutions, developed in collaboration with PwC Singapore’s AI Hub, to help businesses manage risks, adapt to regulatory changes, and explore new international markets.
Executive Chairman Marcus Lam said businesses are facing increasing trade complexity, from supply chain restructuring to evolving regulations, making decision-making more difficult. He said the Trade Advisory Hub will provide practical advice and technology-enabled solutions to help companies reduce risks and improve certainty in their expansion plans.
EDB said the launch will strengthen Singapore’s expertise in trade and geopolitical risk management while creating opportunities for the local workforce to develop specialised skills in a growing field. The move also supports Singapore’s broader vision of strengthening its position as a trusted global business and trade hub in an increasingly uncertain economic environment.
