With foreign direct investment, net inflows into Singapore at unprecedented records, what does it all mean to you?
The Foreign currency deposits at banks in Singapore rose by a record S$6 billion in April to the unprecedented high of S$27 billion.
A factor for the increase stems from the uncertainty in Hong Kong and the passing of the national security law. With the national security law passed, Taiwan will feel threatened to be the next focus of China. The political instability of the region will spark a series of events resulting in increasing inflow activity into Singapore.
Singapore ability to contain the spread of the pandemic has solidify it’s position as a secure wealth haven in Asia, backed by a strong regulatory and financial stability with the MAS. Singapore tactful foreign diplomatic stance and systematic governing and handling of the country will continue to prove to be a top choice for investors.