Unsurprisingly, the country receives the lion’s share of foreign direct investments (FDIs) yearly compared to its Asean peers. According to the Singapore Department of Statistics, the nation’s FDI inflows reached $214 billion in 2023, an increase of 10% y-o-y, largely due to increases in equity capital and retained earnings.
1. Singapore: Silver tsunami, weak capital market stunts growth
Singapore is globally recognised as a small nation that punches above its weight. Its appeal as a business destination comes from years of political stability, business-friendly policies like low taxes, and a young workforce at one point in the early 2000s.
