Advertisement
Singapore markets closed

  • Straits Times Index

    3,176.51
    -11.15 (-0.35%)
     

  • Nikkei

    37,068.35
    -1,011.35 (-2.66%)
     

  • Hang Seng

    16,224.14
    -161.73 (-0.99%)
     

  • FTSE 100

    7,895.85
    +18.80 (+0.24%)
     

  • Bitcoin USD

    64,088.54
    +2,133.86 (+3.44%)
     

  • CMC Crypto 200

    1,371.97
    +59.34 (+4.52%)
     

  • S&P 500

    4,967.23
    -43.89 (-0.88%)
     

  • Dow

    37,986.40
    +211.02 (+0.56%)
     

  • Nasdaq

    15,282.01
    -319.49 (-2.05%)
     

  • Gold

    2,406.70
    +8.70 (+0.36%)
     

  • Crude Oil

    83.24
    +0.51 (+0.62%)
     

  • 10-Yr Bond

    4.6150
    -0.0320 (-0.69%)
     

  • FTSE Bursa Malaysia

    1,547.57
    +2.81 (+0.18%)
     

  • Jakarta Composite Index

    7,087.32
    -79.50 (-1.11%)
     

  • PSE Index

    6,443.00
    -80.19 (-1.23%)
     

S'pore remains biggest foreign investor in Iskandar

PropertyGuru

By Cheryl Tay:

The Iskandar Regional Development Authority (IRDA) announced that Singapore's cumulative investments in Iskandar Malaysia (pictured) increased by more than a third in the first seven months of 2012.

According to a report by The Business Times, the country's cumulative investments in Iskandar stood at RM6.15 billion (S$2.46 billion), up from last year's RM4.56 billion (S$1.82 billion), which translates to a total committed capital flow of RM1.59 billion (S$635 million), or 34.9 percent as of July.

The IRDA data also revealed that 77 percent of the total cumulative investments in Iskandar were in the manufacturing segment, while the rest of the capital went into the property, education and healthcare sectors.

ADVERTISEMENT

The large increase in the investments was spurred by the region's strong performance in attracting capital with "a total cumulative investment of RM15 billion this year alone," according to Ismail Ibrahim, Chief Executive of IRDA.

Overall, the total cumulative investments of the region have reached RM99.79 billion (S$ 39.83 billion) in various sectors, of which 63 percent or RM62.7 billion (S$25.03 billion) are domestic investments, while the remaining 37 percent are foreign investments.

IRDA noted that Singapore has been the largest foreign investor in the region as of July 2012, accounting for 16.58 percent of investments and beating Japan and Spain in the process.

"In 2008, the ratio was 45 percent domestic (sources of investment) and 55 percent foreign (sources of investment). We see this shift as something positive and encouraging because while foreign investments continue to flow in, the domestic players are also ensuring they are not left behind," noted Ismail.

Related Stories:

The Shore @ Malacca River - Exclusive waterfront living, Play where you live

MIPIM Asia kicks off in HK

What Obama's win means for US property buyers

More from PropertyGuru:
The Shore @ Malacca River - Exclusive waterfront living, Play where you live
MIPIM Asia kicks off in HK
What Obama's win means for US property buyers
UK property prices decline