Singapore Releases 2008 Investment Abroad Report
Components of Overseas Investment Singapore’s corporate sector saw their total investment abroad declined from $649.0 billion as at end 2007 to $630.6 billion as at end 2008.
Total investment abroad consists of three components – direct investment, portfolio investment and other foreign assets.
The largest component was direct investment, which contributed to about 47.3 per cent (or $298.1 billion) of total investment abroad.
Portfolio investment and other foreign assets accounted for 25.5 per cent (or $160.6 billion) and 27.3 per cent (or $171.9 billion) of total overseas investment respectively.
Both stock of direct investment (-5.2 per cent) and portfolio investment (-11.5 per cent) declined in 2008, while stock of other foreign assets recorded double digit growth (12.3 per cent).
Direct Investment
The stock of direct investment abroad stood at $298.1 billion as at end 2008, lower than the $314.5 billion recorded as at end 2007.
About 83.1 per cent of direct investment abroad (or $247.2 billion) were in the form of direct equity investment while net lending to overseas affiliates constituted the remaining 17.1 per cent or $50.9 billion.
Portfolio Investment
Total portfolio investment declined from $181.5 billion as at end 2007 to $160.6 billion as at end 2008. Both stock of quoted and unquoted shares as well as debt securities contracted in 2008.
Other Foreign Assets
Other foreign assets stood at $171.9 billion as at end 2008. Majority of these investments were in the form of money deposits held abroad (46.7 per cent) and loans granted to non-affiliates (41.2 per cent).
Distribution of Direct Investment
Activity Abroad
Direct investments by Singapore enterprises were predominantly in the financial & insurance services and manufacturing sectors.
About $149.6 billion (or 50.2 per cent) of Singapore’s direct investment abroad were in financial & insurance services while manufacturing sector attracted direct investment of about $72.6 billion (24.4 per cent) from Singapore. Wholesale & retail trade, information & communications and real estate, rental & leasing services sectors account for about 4.6 – 5.4 per cent of overseas direct investment each.
Geographical Distribution
Asia, which hosted about 53.2 per cent (or $158.5 billion) of total direct investment abroad, remained the top destination for Singapore direct investors. Other regions with significant investment from Singapore were South and Central America and the Caribbean (17.3 per cent) and Europe (13.2 per cent)
The major host economies of Singapore’s direct investment in Asia were China ($48.3 billion), Malaysia ($24.3 billion), Hong Kong ($20.7 billion), Thailand ($18.8 billon) and Indonesia ($18.3 billion).
Singapore’s investment in China were predominantly in manufacturing (57.5 per cent of Singapore’s direct investment in China or $27.8 billion) and real estate, rental and leasing (15.3 per cent or $7.4 billion). While financial & insurance services (51.4 per cent or $12.5 billion) and manufacturing (32.0 per cent or $7.8 billion) attracted the bulk of Singapore’s investment in Malaysia, Singapore investors in Hong Kong were mainly in financial & insurance services ($14.0 billion) and wholesale & retail trade ($4.3 billion).
Europe
Singapore’s stock of direct investment in Europe amounted to $39.4 billion as at end 2008.
United Kingdom ($25.1 billion), Switzerland ($4.6 billion) and Netherlands ($3.3 billion) were major European destinations of Singapore’s direct investment abroad. Our investment in United Kingdom were concentrated in financial & insurance services sector ($20.4 billion)
Other Regions
About $17.2 billion of overseas direct investment was recorded for Australia, with investment mainly in financial & insurance services (49.7 per cent or $8.6 billion) and information & communications (22.8 per cent or $3.9 billion) sectors. United States attracted about $14.9 billion of investment, concentrating in manufacturing (58.2 per cent or $8.7 billion) and financial & insurance services (20.3 per cent or $3.5 billion) sectors.
Topics: Asia, Australia, business, Central America, corporate sector, debt securities, economic development, economic growth, Economy, EU, Europe, FDI, FEI, finance, financial sector, Foreign Assets, Foreign Direct Investment, foreign equity investment, foreign investors, foreign parent companies, GDP, Governance, government, growth, infrastructure, Investment Abroad, investors, labor, loans, Malaysia, manufacturing, market, monitor, Netherlands, news, North America, Overseas Investment, portfolio investment, Products, recession, Singapore, South America, stock, Switzerland, technical, transport, United Kingdom
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