SINGAPORE – Singapore was the main source of investment capital from the Asia-Pacific flowing into North America in the first quarter, according to a report by Knight Frank on Wednesday.
The property consultancy firm noted that US$12.5 billion (S$16.7 billion) from here – largely in the form of mergers and acquisition deals by sovereign wealth fund GIC – was invested in the United States and Canada, which accounted for 90 per cent of the total Asia-Pacific capital inflow.
https://www.straitstimes.com/business/singapore-emerges-top-capital-source-from-asia-pacific-to-the-us-driven-by-ma-deals-by-gic-knight-frank
