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