US MNCs Up Investments In Singapore

Despite tough economic conditions, multinational corporations (MNCs) from the United States have upped their investments in Singapore, giving the city-state the honour of hosting the single largest US investment in the Asia-Pacific region.

Cumulative direct investments here jumped from US$118.57 billion in 2011 to US$138.60 billion in book value last year, according to the US Department of Commerce’s latest figures. The increase was in tandem with still-strong investment returns locally for US MNCs; their profits in Singapore climbed from US$21.07 billion (without current cost adjustment) to US$21.17 billion, at a time when global economic uncertainties were clipping American investments elsewhere in the world.