Singapore continues to draw investments from global players including TikTok owner ByteDance, PayPal
Singapore continues to draw technological sector foreign investments, increasing their presence or setting up their presence in Singapore. They include DB Schenker, ByteDance and TikTok.
First half of 2020 itself, fixed-asset investments amount to $14.3B – which is estimate 95% of 2019 total investment commitments, where 2019 was a 7-year high.
Trustworthiness to uphold the rule of law, skilled reliable workforce, high connectivity were factor contributing to attraction.
Other companies with interest in investment locally includes PayPal, Twitter, Johnson Controls, Zoom, Kajima and Rakuten.
A new centrally located new launch, Midtown Modern by GuocoLand is atop bugis MRT and nearby Grade A office quality expatriate area.
Source: straitstimes
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