Singapore is now the most preferred Asian investment destination for US-based companies, according to David Adelman, the outgoing US Ambassador to Singapore.
Speaking to the media, Adelman said: “The 10-year cumulative US investment in Singapore stood at US$138 billion (S$176.6 billion) at the end of 2012.” This exceeded the amount of investments poured into Japan, Australia and China, by the US.
“It is a credit to the Government of Singapore that it has created this very hospitable business climate in probably the best location in the world,” he added.
In a separate statement, Adelman said: “US-Singapore relations are generally at an all-time high…Southeast Asia has become increasingly important to American multi-national corporations as they continue to increase their participation in the global economy.”
Nikki De Guzman, Junior Journalist at PropertyGuru, edited this story. To contact her about this or other stories email nikki@propertyguru.com.sg
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