Singapore among the most attractive for foreign investments: study

It ranked 10th in the FDI confidence index.

The latest A.T. Kearney Foreign Direct Investment (FDI) Confidence Index revealed that Singapore has been one of the 10 most attractive nation in the world for foreign investments. The study showed Singapore rising five spots to reach 10th in this year's index.

"Investors from the Asia Pacific region and the IT industry are those that are most interested in investing in Singapore," the study explained.

The report cited that the city-state is very friendly to foreign investments, as its FDI stock levels is equivalent to a little more than threefolds of the state gross domestic product.

To recall, foreign businesses receive equal treatment with local firms under the Singapore law. However, some sectors remain completely or partially closed to investors, some of which are the telecommunications, broadcasting, legal services and domestic news media.

The study noted that FDI inflows to Singapore rose year after year between 2011 and 2014, when they hit $67.5billion.

Other Asia Pacific countries which managed to snag spots in the top 10 are China at second place, Japan at sixth place, Australia at seventh, and India at ninth place.