Strong FDI flows to Singapore and rest of S-E Asia despite US tax reforms

Singapore

THE big repatriation of foreign earnings by US multinational corporations appears to have no negative impact on Asian economies - especially Singapore and the rest of South-east Asia.

MNCs continued to pump more money into factories and offices in Singapore last year, even as corporate income tax reforms introduced in the US at end-2017 led US MNCs to move a big chunk of their accumulated earnings overseas back home, triggering huge cutbacks on global direct investments.