Singapore is moving up the value chain in the maintenance, repair and overhaul (MRO) business, thus Thailand is not really competing at the same level with Singapore.
In fact, Thailand’s expansion of its MRO business is more towards the level where Malaysia is at the moment.
To really compete with Singapore, both Malaysia and Thailand has to step-up the game, as in doing more higher value work.
Singapore has too many big names that are doing the finest jobs in the sector thus putting other regional MRO centres in a different league.
The Island republic have also done well in cementing its push in the higher end of the business, attracting foreign manufacturers to establish MRO facilities in Singapore thanks to the quality and consistency of the services it offers.
And experts will agree that for these big boys, the price to pay to be in Singapore does not impact on their business in the end.