Singapore firms pick Asia as top investment destination
Published on Jan 24, 2013 5:04 PM
More than half of all investments from Singapore in that year were directed to Asia, according to the latest available data released by trade agency IE Singapore.
The region received a total of $240 billion, or 57.7 per cent of Singapore's direct investments abroad in 2011.
This was a 6.5 per cent rise from the year before. In contrast, the overall increase in direct investment growth to all destinations rose just 1.7 per cent to $416.4 billion in 2011.
Within Asia, China was the top receipient of direct investments from Singapore, at $76.6 billion.
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