Singapore grabs lion’s share of ASEAN foreign investment despite slowing growth

The city-state gets over half of ASEAN FDI.

More than 50% of foreign investments from the world’s big four economies--China, India, Japan and the United States--in South East Asia are destined for Singapore, according to ICAEW’s latest Economic Insight report.

Despite slowing growth, Singapore continues to boast many attractions that draw multinationals, such as very good infrastructure, an educated workforce, low taxes and integration in global capital markets.

Japanese and Chinese investments are widely distributed across South East Asia, in keeping with the manufacturing hub relationship, while the US and India have concentrated their stocks in Singapore.

The report showed that India has allocated the highest proportion in the city-state, with 97% of their total ASEAN investments sitting in Singapore.