Goldman Sachs Group Inc. estimated in October that as much as US$4 billion ($5.4 billion) may have flowed to Singapore due to the turmoil.
(Jan 1): Deposits by non-residents in Singapore banks rose 2.6% in November to $51.1 billion, the eighth consecutive month of gains, according to Monetary Authority of Singapore data.
The uptick from October could reflect continued inflows from Hong Kong amid the political tensions in the former British colony. Non-resident deposits have been rising steadily since March, the data show.
