Strong FDI flows to Singapore and rest of S-E Asia despite US tax reforms
Region was main engine of global direct investment growth in 2018, even as global FDI slipped for third year
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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.
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