Singapore’s investment outlook in 2024 unlikely to be hurt by Significant Investments Review Bill

GLOBAL economic uncertainty aside, one question for Singapore’s foreign investment outlook in 2024 is a proposed law to scrutinise significant investments in critical entities.

Introduced in Parliament last November, the Significant Investments Review Bill (SIRB) is set to be debated next week. It is not yet clear what entities will be covered, but observers say the law is unlikely to hurt foreign investor interest – and may even encourage it.

Targeted approach

One advantage is the SIRB’s specific approach, with a list of designated entities that will face ownership and control requirements. The list is expected to be published after the Bill is passed.