Global FDI flat in 2019, but surged 42% in Singapore: UN report

Singapore

FOREIGN direct investment (FDI) flows into Singapore surged 42 per cent while the flows to its traditional rival Hong Kong were halved in 2019, when global FDI was flat against a backdrop of a weak global economy and trade tensions

FDI drawn to South-east Asia's economic growth and, according to observers, diverted to the region by the US-China trade conflict and Hong Kong's anti-government riots, have helped to increase flows into Singapore from US$78 billion in 2018 to cross the US$100-billion mark for the first time last year.