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On April 3, 2023, according to the Foreign Direct Investment Confidence Index (FDICI) report released by the global management consulting firm Kearney, Singapore’s ranking surged from 18th in 2022 to 9th in 2023, indicating investors’ optimistic outlook on the Singapore’s economic prospects and further consolidating Singapore’s position as a regional hotspot for overseas investment.
The ranking of this index is based on investors’ evaluations of government transparency, technological innovation, digital infrastructure, and trade opportunities, among others. Singapore’s investment environment is widely viewed as attractive due to its well-developed digital infrastructure and open market, which will facilitate the recovery of technology exports and overseas demand.
The FDICI, launched by Kearney in 1998, is an annual survey of corporate leaders that measures investors’ confidence levels in the markets most likely to attract investment over the next three years. The 2023 survey covered companies with annual revenues of at least US$500 million and headquarters in 30 countries, across all sectors.
Singapore’s political stability, transparent government management, superior infrastructure, and strategic location as a commercial and investment hub have led many multinational corporations to set up their headquarters here. Additionally, despite global economic uncertainty and challenges posed by trade protectionism, Singapore’s economic growth remains robust, offering favorable conditions for investors.
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