Weak growth, trade holding back global capital spending
FDI inflows in 2016 were especially hard hit in developing economies, but likely to see rise this year: UN report
Add BT as a preferred source
Singapore
WEAK economic growth and trade trimmed foreign capital spending on new and existing factories and offices last year, but the cut was deeper for Singapore.
While foreign direct investments (FDI) worldwide are tipped to pick up this year as trade and economic growth resumes, the United Nations Conference on Trade and Development (UNCTAD) says the rise will be a modest 5 per cent, raising FDI to US$1.8 trillion - still below the 2007 peak.
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
Not retirement, but a rewiring and fresh perspectives post-DBS, says Piyush Gupta
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
Power of payouts: A big chunk of the STI has just gone ex-dividend. What’s next?
