Companies shift operations from Singapore to Malaysia as cost gaps widen

Several firms have recently moved parts of their operations from Singapore to Malaysia, citing lower overheads, tax incentives and room to expand. H&M said in May it will move its Southeast Asia HQ to Kuala Lumpur, affecting 78 roles, while Gardenia said on May 20 it will cut 141 jobs in Singapore as production shifts to Malaysia. Commentators said many businesses are relocating select functions rather than fully exiting Singapore, where higher-value roles often remain.