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


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.

Foreign direct investments (FDI) flowing into Singapore jumped from US$62 billion in 2017 to an estimated US$77 billion in 2018, according to the latest FDI figures released by the United Nations Conference on Trade and...

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