DBS, CapitaLand named amongst Asia’s emerging global powerhouses

Singapore’s DBS Group and CapitaLand Investment have been recognised as “globalisers.”

DBS Group, CapitaLand Investment, and Grab are amongst Singaporean companies named as emerging global powerhouses in Asia-Pacific, Boston Consulting Group (BCG) said.

The list also includes Razer and Sea Group amongst firms leading a new wave of globalisation, powered not by low costs alone but by innovation, cultural influence, capital strength, and risk appetite.

Singapore’s DBS Group and CapitaLand Investment have been recognised as “globalisers,” established players generating a significant share of their revenue from overseas markets.

BCG said DBS’s aggressive move into digital banking and CapitaLand’s expansion into real estate investments across key international hubs demonstrate how Singapore’s corporate champions are building global footprints beyond Southeast Asia.

Meanwhile, a new breed of Singaporean disruptors is gaining ground. Grab has evolved from a ride-hailing service into a dominant Southeast Asian super app, integrating food delivery, digital payments, and financial services.

Razer, once known solely for gaming hardware, is now scaling fintech services targeted at a younger, tech-savvy global audience. Sea Group, through Shopee and other platforms, is challenging established players in e-commerce and digital entertainment across emerging markets.

The momentum is not limited to Singapore. Companies from across Southeast Asia, including Indonesia’s GoTo, Vietnam’s VinFast and FPT, and the Philippines’ Jollibee Foods, are also expanding internationally.

According to BCG, Asia-Pacific’s rising companies are leveraging five major forces: lingering cost advantages, stronger innovation capabilities, growing cultural influence, deeper capital pools, and greater risk tolerance.

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