atans1

PM must be doing shumething right, right?

In Economy, Hong Kong on 21/06/2015 at 3:57 am

Keep on banging yr balls in frustration Goh Meng Seng and his felow cybernuts, some of whom are so frus with the PAP that they blame the parents of the dead children for the deaths, sneering at their stupidity, as these cybernuts see it, for allowing the children to go to Sabah. More on this tom.

Singapore is sitting atop the world as the best city for FDI, ranking first globally in 2014 for the amount of greenfield inward investment it attracted. The city-state received two-and-a-half times more investment than its main rival, Hong Kong.

Also the top-ranked destination city in 2013, Singapore has strengthened its lead over London and Shanghai since then. According to figures from fDi Markets, an FT data service, 390 companies announced or launched 409 greenfield projects in Singapore last year, totalling an estimated $11bn in capital expenditure. London attracted 334 projects at $7bn, and Shanghai, 245 projects at $8bn. Hong Kong, the sixth-ranked city based on number of projects, received 162 projects at $5bn.

… Beijing, Bangalore, Dubai, São Paulo, Kuala Lumpur and Mexico City join S’pore , HK and Shanghai on the list.

FT

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  1. Thanks to the crackdown on tax havens & secret banking services in other countries, more & more of the 1% are being forced out of their comfort zone & to park their billions in S’pore.

    Most of the so-called “investment” are merely family investment vehicles & corporate cash hordes which they don’t want to repatriate back to their home countries in order to avoid hefty taxes. They are merely redeploying their cash to the Sinkie-tax-haven to grow their wealth for the time being. Easy come easy go.

    Nothing to do with Loong & gang. Instead you have to thank the govts & central banks of other advanced countries for this increased “FDI”, especially US, UK, and various European countries.

    This is why all along (since 1970 I think) S’pore govt has always used “FAI” (Fixed Asset Investment) instead of “FDI” to measure inward foreign investments in actual productive, revenue-generating & jobs-generating capital like factories, plants, R&D facilities, commercialisation projects with actual deliverables. And FAI has been stagnant or declining slightly over the last 7 years.

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