EMBARGOED to 00:01 – 13 June 2019
Surge of International Investment into Singapore Explored in New, Expanded Hawksford Report
Trend data and global rankings illustrate a significant rise in international interest in Singapore position as the premier regional hub for Asia
Singapore, 13 June, 2019 – Hawksford, a leading international provider of corporate, private client, funds services, and with extensive experience in market entry services, today launched a new report: Singapore Business Outlook – Reinvention for future-readiness. A new and expanded edition of the annual Singapore Business Report the company has produced since 2010, the latest edition provides an extensive overview of trends in Singapore’s business community, with a particular focus on a sharp rise in foreign direct investment (FDI).
Key trends revealed from the report include:
- Singapore’s position as the premier regional hub for Asia has strengthened against its closest neighbours: Nearly half of the world’s multinational companies (MNCs) now have their regional headquarters in the country. (Report page 1)
- Singapore continues to rise global rankings, now fourth globally in the Global Financial Centres Index (GFCI) published by think-tank Z/Yen Partners. (Report Page 1)
- The diversity of international investment is expanding, as China and emerging Asian markets are increasingly choosing Singapore for regional and global growth: Chinese new company formation has grown from 5% of individual shareholding at the start of 2015, to 12% for the full year 2018. (Report page 9)
- A long-term effort by Singapore’s government to encourage innovation has created a fertile environment for new companies, particularly in technology: Technology companies have doubled as a percentage of new company formation in just three years. (Report page 2)
Since 2010, Hawksford has published a Singapore Business Report, providing up-to-date and informative insights for international business owners, stakeholders and industry shapers. With the release of the Singapore Business Outlook, Hawksford has greatly expanded the scope of its research, adding new data sets, alongside expert advice and analysis, thus creating one of the most expansive, and cohesive, reports on Singapore’s potential available today.
“I’m very happy that we are bringing out this expanded report, especially at such an exciting time in Singapore’s history” says Dario Acconci, Hawksford Managing Director for South East Asia. “As our report shows, much of the excitement surrounding opportunities for growth and expansion through Singapore are the result of a history of careful, adaptive development to create an environment ideally suited to trade in the Asian and global markets.”
“As the balance of political and economic power in the region continues to shift and evolve, alongside the emergence of new markets and an inexhaustible appetite for new technology, we are seeing an incredibly bright outlook for Singapore, today and into the future” continues Mr. Acconci.
Relevant Graphs / images from report
Notes to editors
Denisha Ramanandi, Marketing Manager
Cherith Fothergill, Global Head of BD & Marketing
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Allison + Partners (Hawksford PR)
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Hawksford is a leading international provider of corporate, private client, and funds services. Hawksford has one of the largest and best established presences in the APAC region, with 200 of its 450 staff located in China, Hong Kong, and Singapore. Hawksford’s experienced, highly-qualified and multi-lingual team helps clients to make the most of their business decisions and their wealth by taking on the burden of regulatory, financial and tax compliance, corporate governance and reporting obligations.