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Page 1: STATISTICS SINGAPORE - Foreign Direct …...Foreign Direct Investment in Singapore (Millions of S$) (Stock as at Year-End) Top 15 Sources (based on 2018) United States 192,312 243,060
Page 2: STATISTICS SINGAPORE - Foreign Direct …...Foreign Direct Investment in Singapore (Millions of S$) (Stock as at Year-End) Top 15 Sources (based on 2018) United States 192,312 243,060

FOREIGN DIRECT INVESTMENT IN SINGAPORE 2018

ISSN 2591-7404

© Department of Statistics, Ministry of Trade & Industry, Republic of Singapore

Reproducing or quoting any part of this publication is permitted, provided this

publication is accredited as the source. Please refer to the Statistics Singapore Website

Terms of Use (http://www.singstat.gov.sg/terms-of-use) for more details on the

conditions of use of this publication.

Statistical activities conducted by the Singapore Department of Statistics are

governed by the provisions of the Statistics Act (Cap. 317). The Act

guarantees the confidentiality of information collected from individuals and

companies. It spells out the legislative authority and responsibility of the

Chief Statistician. The Act is available in the Department’s Website

(www.singstat.gov.sg).

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PREFACE FOREIGN DIRECT INVESTMENT IN SINGAPORE 2018 _______________________________________________________________________________________________________________________________________________________________________________________________

iii

The Singapore Department of Statistics publishes statistics on foreign direct

investment position in Singapore. The data are primarily based on administrative records

of government agencies, including financial accounts which companies file with the

Accounting and Corporate Regularity Authority (ACRA). These data were first released

in the publication Foreign Equity Investment in Singapore, 1980-1989 in 1992. Since

then, the data are published on an annual basis.

The report, Foreign Direct Investment in Singapore 2018, which contains the

key findings of the stock of foreign direct investment in the corporate sector in 2018 is

presented in two sections. The first section discusses the composition, growth and level

of foreign direct investment in Singapore. A technical note to explain the source, scope

and coverage of data, as well as the concepts and definitions of terms used, is provided in

the second section. For users who are interested in data on Singapore’s overseas

investment, these are available in another publication Singapore’s Direct Investment

Abroad.

I would like to express my sincere appreciation and all who have contributed

towards this publication.

Wong Wee Kim

Chief Statistician

Singapore

Jan 2020

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iv

Our Vision

National Statistical Service of Quality, Integrity and Expertise

Our Mission

We deliver Insightful Statistics and Trusted Statistical Services that

Empower Decision Making

Our Guiding Principles

Professionalism & Expertise

We adhere to professional ethics and develop statistical competency to produce quality statistics that comply with international concepts and best practices.

Relevance & Reliability

We produce statistics that users need and trust.

Accessibility We facilitate ease of access to our statistics through user-friendly platforms.

Confidentiality We protect the confidentiality of individual information collected by us.

Timeliness We disseminate statistics at the earliest possible date while maintaining data quality.

Innovation We constantly seek ways to improve our processes, leveraging on new technology, to deliver better products and services to users.

Collaboration We engage users on data needs, data providers and respondents on supply of data, and undertake the role of national statistical coordination.

Effectiveness We optimise resource utilisation, leveraging on administrative and alternative data sources to ease respondent burden.

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CONTENTS FOREIGN DIRECT INVESTMENT IN SINGAPORE 2018

_____________________________________________________________________________________________________

v

Page

PREFACE iii

KEY INDICATORS vi

I FINDINGS

Overall 1

FDI by Sector 2

Geographical Distribution 4

Europe 5

Asia 6

North America 7

Oceania 7

II TECHNICAL NOTES 8

III APPENDIX 15

List of Activities

NOTES

The Foreign Direct Investment in Singapore contains statistics that are the

most recent available at the time of its preparation.

Numbers may not add up to the totals due to rounding.

Industries are classified according to the Singapore Industrial

Classification (SSIC) 2015 (Version 2018).

Values are shown in Singapore dollars (unless otherwise stated).

Some statistics, particularly those for the most recent time periods, are

provisional and may be subjected to revisions in later issues.

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vi

Key Indicators of Foreign Direct Investment in Singapore, 2014-2018

2014 2015 2016 2017 2018

Foreign Direct Investment in Singapore (Millions of S$) (Stock as at Year-End)

Total 1,112,348 1,267,981 1,352,400 1,567,307 1,736,796

Direct Equity Investment 1,005,274 1,163,634 1,214,385 1,418,896 1,589,988

Net Lending from Foreign Direct Investors 107,074 104,347 138,015 148,411 146,808

Foreign Direct Investment in Singapore (Millions of S$) (Stock as at Year-End)

Top 15 Sources (based on 2018)

United States 192,312 243,060 279,679 336,514 289,030

Cayman Islands 80,917 98,397 106,904 145,204 214,075

British Virgin Islands 105,903 109,942 117,262 125,049 128,830

Netherlands 70,063 99,821 102,186 115,226 122,060

Japan 110,106 115,247 91,707 97,742 114,913

Luxembourg 42,591 48,713 65,533 68,685 104,573

United Kingdom 62,181 60,142 66,856 84,897 95,578

Bermuda 40,516 51,425 56,781 65,090 77,114

Switzerland 44,348 48,404 40,079 38,687 60,666

Hong Kong 50,218 48,713 56,012 61,285 60,577

Mainland China 16,002 22,689 23,806 39,696 40,910

Malaysia 32,518 32,395 35,162 37,623 39,464

India 25,759 23,904 18,454 22,181 26,654

Mauritius 19,486 22,061 25,124 24,470 25,540

Germany 17,755 18,597 17,430 21,606 23,428

Foreign Direct Investment By Activity in Singapore (Millions of S$) (Stock as at Year-End)

Total 1,112,348 1,267,981 1,352,400 1,567,307 1,736,796

Manufacturing 156,996 166,793 169,963 181,736 221,650

Construction 3,945 3,541 4,057 4,784 6,349

Wholesale & Retail Trade 240,617 286,022 295,298 279,367 272,010

Accommodation & Food Service Activities 5,314 6,366 6,502 6,798 6,318

Transport & Storage 38,409 40,505 27,911 29,846 32,145

Information and Communications 17,858 20,876 18,991 31,943 36,039

Financial and Insurance Services 517,450 583,611 670,005 861,257 927,890

Financial Services 501,984 565,599 650,235 841,182 906,823

Holding Companies 442,603 502,993 578,927 767,337 831,210

Real Estate Activities 37,128 34,274 38,687 41,923 45,766

Professional, Scientific & Technical, 81,908 111,171 105,930 114,311 174,792

Administrative & Support Services Activities

Others 12,724 14,822 15,056 15,342 13,836

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FINDINGS

Foreign Direct Investment in Singapore

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FINDINGS FOREIGN DIRECT INVESTMENT IN SINGAPORE 2018

1

Overall

-100

100

300

500

700

900

1,100

1,300

1,500

1,700

1,900

2014 2015 2016 2017 2018

S$ b

illio

n

Direct Equity Investment Net Lending from Foreign Direct Investors

CAGR=11.8%

Direct Equity Investment

91.5%

Net Lending from Foreign Direct Investors

8.5%

Total FDI $1,736.8 bil

The stock of Foreign Direct Investment (FDI) in Singapore grew by 10.8 per cent to reach

$1,736.8 billion as at end 2018. The growth was attributed to an increase in equity

investment. Between 2014 and 2018, the FDI stock grew at a compounded annual growth

rate (CAGR) of 11.8 per cent.

FDI in Singapore was mainly funded by equity investment, which comprises paid-up

capital and attributable reserves. As at end 2018, direct equity investment accounted for

the bulk ($1,590.0 billion or 91.5 per cent) of FDI stock in Singapore. Net lending made

up the remaining 8.5 per cent ($146.8 billion).

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FINDINGS FOREIGN DIRECT INVESTMENT IN SINGAPORE 2018

2

FDI by Sector

Financial & Insurance Services, $927.9 bil, 53.4%

Wholesale & Retail Trade, $272.0 bil, 15.7%

Manufacturing, $221.7 bil, 12.8%

Professional, Scientific & Technical, Administrative

& Support Services$174.8 bil, 10.1%

Real Estate Activities, $45.8 bil, 2.6%

Information & Communications,

$36.0 bil, 2.1%

All Other Sectors, $58.6 bil, 3.4%

As at end2018

Financial & Insurance Services, $861.3 bil, 55.0%

Wholesale & Retail Trade, $279.4 bil, 17.8%

Manufacturing, $181.7 bil, 11.6%

Professional, Scientific & Technical, Administrative

& Support Services, $114.3 bil, 7.3%

Real Estate Activities, $41.9 bil, 2.7%

Information & Communications,

$31.9 bil, 2.0%

All Other Sectors, $56.8 bil, 3.6%

As at end2017

The industrial distribution of FDI in Singapore as at end 2018 was comparable to that

in the previous year. The financial & insurance services sector remained as the top

sector ($927.9 billion or 53.4 per cent). This was followed by the wholesale & retail

trade, manufacturing and professional, scientific & technical, administrative & support

services sectors. Collectively, the top four sectors accounted for 91.9 per cent of FDI

stock as at end 2018, compared to 91.7 per cent in the previous year

Most sectors, with the exception of wholesale & retail trade, registered increases in their

FDI stock as compared to the previous year.

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FINDINGS FOREIGN DIRECT INVESTMENT IN SINGAPORE 2018

3

Manufacturing

The FDI in manufacturing

sector grew by 22.0 per

cent (or $39.9 billion) in

2018, due to strong

growth in FDI in the

manufacturing of

computer, electronic &

optical products and

pharmaceutical &

biological products

industries.

Between 2014 – 2018, the

FDI in manufacturing

sector recorded a CAGR

of 9.0 per cent.

Financial & Insurance

Services

The financial and

insurance services sector

recorded a CAGR of 15.7

per cent between 2014

and 2018.

FDI in the financial and

insurance services sector

was mainly in holding

companies. In 2018,

holding companies

contributed 89.6 per cent

($831.2 billion) to the FDI

within the financial and

insurance services sector.

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FINDINGS FOREIGN DIRECT INVESTMENT IN SINGAPORE 2018

4

Geographical Distribution

Europe32.1%

South and Central America and the

Caribbean 26.3%

Asia20.6%

North America17.8%

Africa1.6%

Oceania1.4%

As at end 2018

Europe29.5%

South and Central America and the

Caribbean 23.6%

Asia22.6%

North America21.0%

Africa1.7%

Oceania1.4%

As at end 2017

Non-EU 23.2%

EU-28 76.8%

Europe continued to be Singapore’s top investor, contributing 32.1 per cent (or $558.1 billion)

to the total FDI stock in Singapore as at end 2018. Within Europe, the bulk of FDI stock came

from the European Union (EU-28) member states ($428.4 billion or 76.8 per cent).

South and Central America and the Caribbean ($457.5 billion), Asia ($357.1 billion) and

North America ($309.1 billion) were the other major FDI source regions. In total, they

contributed 64.7 per cent of the total FDI stock in Singapore as at 2018.

North America’s share of total FDI stock fell from 21.0 per cent as at end 2017 to 17.8 per

cent as at end 2018. This can largely be attributed to a decline in attributable reserves of U.S.

affiliates, leading to a drop in FDI stock from the United States.

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FINDINGS FOREIGN DIRECT INVESTMENT IN SINGAPORE 2018

5

0.0 100.0 200.0 300.0 400.0 500.0 600.0

Switzerland

UnitedKingdom

Luxembourg

Netherlands

Europe

S$ bil

Manufacturing

Wholesale & Retail Trade

Financial & Insurance Services

Professional, Scientific & Technical, Administrative & Support Services

All Other Sectors

Europe

Netherlands ($122.1 billion), Luxembourg ($104.6 billion), United Kingdom ($95.6 billion),

and Switzerland ($60.7 billion) continued to be the top investors from Europe, collectively

accounting for 68.6 per cent of FDI stock from Europe.

FDI from Europe were predominantly in the financial & insurance services, professional,

scientific & technical, administrative & support services and wholesale & retail trade sectors,

which made up 75.0% of total FDI stock from Europe.

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FINDINGS FOREIGN DIRECT INVESTMENT IN SINGAPORE 2018

6

- 50.0 100.0 150.0 200.0 250.0 300.0 350.0 400.0

India

Malaysia

Mainland China

Hong Kong

Japan

Asia

Manufacturing

Wholesale & Retail Trade

Transport & Storage

Financial & Insurance Services

All Other Sectors

Asia

Japanese investors contributed about one-third of Asian FDI stock in Singapore (at $114.9

billion). They mainly invested in the financial & insurance services and wholesale & retail

trade sectors. Hong Kong, Mainland China, Malaysia and India were the other major Asian

investors, unchanged from the previous year.

The financial & insurance services and wholesale & retail trade sectors accounted for 76.5%

of total FDI stock from Asia.

S$ bil

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FINDINGS FOREIGN DIRECT INVESTMENT IN SINGAPORE 2018

7

- 100.0 200.0 300.0 400.0

Canada

United States

North America

S$ bil

Manufacturing

Wholesale & Retail Trade

Financial & Insurance Services

All Other Sectors

0.0 10.0 20.0 30.0

New Zealand

Australia

Oceania

Manufacturing

Wholesale & Retail Trade

Transport & Storage

Financial & Insurance Services

All Other Sectors

$ bil

Oceania

FDI from Australia ($18.7

billion) and New Zealand

($2.3 billion) were mostly

in the financial &

insurance services sector.

North America

FDI from the United

States totalled $289.0

billion as at end 2018,

accounting for 93.5 per

cent of North America’s

FDI in Singapore

Foreign investors from the

United States and Canada

primarily invested in the

financial & insurance

services sector.

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TECHNICAL NOTES

Foreign Direct Investment in Singapore

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TECHNICAL NOTES FOREIGN DIRECT INVESTMENT IN SINGAPORE 2018

8

Objective

The statistics presented in this report are compiled primarily using administrative

records of government agencies, supplemented with returns from the Survey of Foreign

Debt and Financial Derivative Transactions conducted annually by the Department of

Statistics. The statistics are used extensively by the government, business community and

academicians in their policy-making, business planning and research. The data are also

used as inputs for the compilation of Singapore’s International Investment Position (IIP)

and Balance of Payments (BOP) statistics.

Legal Authority

The survey is conducted under the Statistics Act (Chapter 317), which makes the

submission of returns mandatory. Individual returns received are kept in confidence in

accordance with the Statistics Act.

Administrative Data

Data on the foreign direct equity investment of companies were obtained from

financial statements and records filed by companies with the Accounting and Corporate

Regulatory Authority (ACRA).

Year of Reference

The period of reference is the calendar year. However, for enterprises whose

accounting year differed from the calendar year, they were asked to report according to

the accounting or financial year covering the major part of the calendar year.

Type of Business Activity

The type of business activity refers to the principal activity undertaken by the

enterprise. The principal activity is defined as the one in which the enterprise devotes

most of its resources or from which it derives most of its income. The classification of

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TECHNICAL NOTES FOREIGN DIRECT INVESTMENT IN SINGAPORE 2018

9

the principal activity of the enterprise is based on the “Singapore Standard Industrial

Classification, 2015 (Version 2018)”.

Currency Valuation

Singapore’s investment statistics are expressed in Singapore dollars.

Administrative data and survey returns which are submitted in foreign currencies are

converted to Singapore dollars.

Concept of Foreign Direct Investment (FDI)

The conceptual framework used in compiling Singapore’s Foreign Direct

Investment (FDI) statistics is based on International Monetary Fund’s Balance of

Payments Manual (BPM).

What is Foreign Direct Investment (FDI)?

FDI is the category of international investment that reflects the objective of an

entity (direct investor) resident in one economy obtaining a lasting interest in an enterprise

(direct investment enterprise) resident in another economy.

The lasting interest implies the existence of a long-term relationship between the

direct investor and the direct investment enterprise and a significant degree of influence

on the management of the direct investment enterprise.

The direct or indirect ownership of 10% or more of the voting power of an

enterprise resident in one economy by an investor resident in another economy is evidence

of such a relationship.

What is FDI in Singapore?

FDI in Singapore refers to an investment in which a foreign direct investor owns

10% or more of the ordinary shares or voting power in a Singapore direct investment

enterprise.

Why the 10% threshold?

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TECHNICAL NOTES FOREIGN DIRECT INVESTMENT IN SINGAPORE 2018

10

There may be situations of an investor owning 10% or more of the ordinary shares

of an enterprise but not having an effective voice in the management, or an investor

owning less than 10% of the ordinary shares or voting power of an enterprise but having

an effective voice in the management. However, the recommended threshold of 10% is

to ensure statistical consistency and comparability across countries.

What does FDI measure?

FDI includes the initial equity transaction and position that meets the 10%

threshold and all subsequent financial transactions between the direct investor and the

direct investment enterprise. FDI is not limited to equity investment, and also includes

reinvested earnings and inter-company debt.

Direct investment is a financial concept and is not the same as capital expenditure

on fixed assets. Assets of the direct investment enterprises that are financed by local

borrowing are also not included.

What is FDI stock by country?

FDI stock, in this publication, refers to the value of direct investment position as

at the end of the reference period.

The geographical origins of the investors are established based on their residential

or registered addresses. Foreign investment is recorded according to the immediate

country source based on the recommendations of the BPM. For example, if Country A

invests in Singapore through Country B, it would be recorded as an investment from

Country B (immediate) and not Country A (ultimate).

How different is FDI compared to Investment Commitments?

Other measures of investment include investment commitments or intentions, and

authorised and realised investments. The basic differences between FDI and investment

commitments or intentions are the timing and extent that the transactions will take place.

FDI is recorded only when a direct investment transaction takes place. The basic

difference between FDI and authorised and realised investment is the extent of external

financing by the direct investment enterprise in the reporting economy and the extent of

reinvested earnings. FDI does not measure the liabilities of the direct investment

enterprise to external parties, such as financing from financial institutions. Retained

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TECHNICAL NOTES FOREIGN DIRECT INVESTMENT IN SINGAPORE 2018

11

earnings, an important component of FDI, are not included in investment commitments,

authorised and realised investment statistics.

As an illustration, let us assume a foreign investor has committed $100 million to

set up a manufacturing plant in Singapore. During the year, the investor injected funds

amounting to $30 million of which $20 million was borrowings by the manufacturing

plant from a local bank. In this case, investment commitments or intentions amounting to

$100 million and authorised and realised investment amounting to $30 million would be

recorded while FDI of $10 million would be recorded.

In summary, FDI statistics compiled by DOS are different from data on

investment commitments or authorised and realised investments usually compiled by

investment promotion agencies. Although there are differences between the two sets of

statistics, data on investment commitments may be used to provide a quick assessment of

the FDI trends in Singapore.

Under what circumstances will stock of FDI in Singapore decline?

The stock of FDI in Singapore may decline due to:

a) partial/complete divestment in Singapore direct investment enterprise by foreign

direct investors

b) Singapore direct investment enterprise buying back its shares from the foreign

direct investor

c) Singapore direct investment enterprise is operating at a loss

d) dividends distributed by Singapore direct investment enterprise are higher than

current earnings recorded

e) redemption of inter-company loans from foreign direct investors by Singapore

direct investment enterprises

f) valuation changes and/or currency translation changes.

Under which circumstances are negative FDI in Singapore recorded?

Negative stock of FDI in Singapore may be recorded when:

a) the Singapore direct investment enterprise has negative reserves

b) the value of loans/debt securities from the Singapore direct investment enterprise

to the foreign direct investors is higher than the value of loans/debt securities from

the foreign direct investors to their Singapore direct investment enterprise.

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TECHNICAL NOTES FOREIGN DIRECT INVESTMENT IN SINGAPORE 2018

12

Definition of Terms

Foreign Direct

Investment (FDI)

FDI is a category of investment that reflects the objective of

establishing a lasting interest by an enterprise (direct investor)

resident in one economy in an enterprise (direct investment

enterprise) resident in another economy.

FDI in Singapore FDI in Singapore refers to an investment where a foreign direct

investor owns 10% or more of the ordinary shares or voting

power in a Singapore enterprise.

FDI comprises foreign direct equity investment and the net

lending between the foreign direct investor and the Singapore

enterprise.

Direct Investor A direct investor is an entity resident in one economy that has

acquired, either directly or indirectly, at least 10% of the voting

power of an enterprise resident in another economy.

Direct Investment

Enterprise

A direct investment enterprise is an enterprise resident in one

economy and in which an investor resident in another economy

owns, either directly or indirectly, 10% or more of its voting

power.

Subsidiary, Direct

Investment

Enterprise

A subsidiary is a direct investment enterprise in which an

investor owns at least 50% of its voting power.

Associate, Direct

Investment

Enterprise

An associate is a direct investment enterprise in which an

investor owns at least 10% but less than 50% of the voting

power.

Branch, Direct

Investment

Enterprise

A branch is an unincorporated direct investment enterprise

resident in an economy and fully owned by its direct investor in

another economy.

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TECHNICAL NOTES FOREIGN DIRECT INVESTMENT IN SINGAPORE 2018

13

Affiliate, Direct

Investment

Enterprise

Subsidiaries, associates and branches of a direct investor are

collectively known as affiliates of the direct investor.

Equity Capital Equity capital covers all components of shareholders’ funds

(proportionate to the percentage of shares held), including

equity, contributed surplus, reinvested earnings, revaluations, as

well as any reserve accounts.

The amount of equity capital is compiled based on market value.

Foreign Direct

Equity Investment

Foreign direct equity investment in Singapore refers to equity

capital in Singapore direct investment enterprises attributable to

foreign direct investors.

For branches of non-resident banks, their net fixed assets are

used as a proxy of equity capital. For branches of other non-

resident entities, the net amount owed by branches to their non-

resident head office is used.

Debt Securities Debt securities include bonds, debentures, commercial paper,

promissory notes and other tradable non-equity securities.

Net Lending Net lending refers to the net inter-company debt transactions

between a direct investor and its direct investment enterprise.

Income of Foreign

Direct Investment

Income of FDI consists of earnings on equity investment (i.e.

non-resident direct investor’s share in the net income or

earnings of its resident direct investment enterprises) plus net

income on debt between direct investors and direct investment

enterprises.

Income on equity consists of distributed earnings and reinvested

earnings, whereby earnings comprise:

• net operating surplus (NOS)

• net interest receivable

• dividend income receivable

• reinvested earnings receivable

• net current transfers receivable

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TECHNICAL NOTES FOREIGN DIRECT INVESTMENT IN SINGAPORE 2018

14

It does not include any realised or unrealised holding gains or

losses arising from valuation changes (including exchange-rate-

related gains and losses), revaluations of fixed assets, or changes

in market prices of financial assets and liabilities. It also does

not include gains and losses due to other changes in volume of

assets, such as write-offs of intangibles, write-offs of bad debts,

and uncompensated seizures of assets. Income on equity is

measured after deducting corporate taxes as corporate taxes

come under current transfers.

Distributed

Earnings

Distributed earnings consist of dividends and distributed branch

profits. Distributed earnings can be paid out of current or past

earnings and may result in negative reinvested earnings if the

distribution of dividends exceeds total earnings in a particular

reference period.

Reinvested

Earnings

Reinvested earnings refer to earnings on equity accruing to

direct investors less distributed earnings, proportionate to the

percentage ownership of the equity owned by the direct

investor(s).

Return on Foreign

Direct Investment

The return on FDI is a measure of the profitability of direct

investment enterprises. Return on FDI is the ratio of the current

year income of FDI to the average of the FDI position in the

current and preceding years.

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Foreign Direct Investment in Singapore

Singapore

APPENDIX

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APPENDIX FOREIGN DIRECT INVESTMENT IN SINGAPORE 2018

_____________________________________________________________________________________________________

15

LIST OF ACTIVITIES

SSIC 2015

(Version 2018)

Industry

MANUFACTURING

Food, Beverages & Tobacco

10 Manufacture of Food Products

11 Manufacture of Beverages

12 Manufacture of Tobacco Products

Textiles, Wearing Apparel & Leather

13 Manufacture of Textiles

14 Manufacture of Wearing Apparel; Manufacture of Articles of Fur;

Manufacture of Knitted and Crocheted Apparel

15 Tanning and Dressing of Leather; Dressing and Dyeing of Fur;

Manufacture of Footwear

Wood & Wood Products

16 Manufacture of Wood and of Products of Wood and Cork, except

Furniture; Manufacture of Articles of Straw and Plaiting Materials

Paper, Paper Products & Printing

17 Manufacture of Paper and Paper Products

18 Printing and Reproduction of Recorded Media

Refined Petroleum Products

19 Manufacture of Coke and Refined Petroleum Products

Chemicals and Chemical Products

20 Manufacture of Chemicals and Chemical Products

Pharmaceutical & Biological Products

21 Manufacture of Pharmaceuticals and Biological Products

Rubber & Plastic Products

22 Manufacture of Rubber and Plastic Products

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APPENDIX FOREIGN DIRECT INVESTMENT IN SINGAPORE 2018

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16

SSIC 2015

(Version 2018)

Industry

Basic Metals

24 Manufacture of Basic Metals

Fabricated Metal Products

25 Manufacture of Fabricated Metal Products Except Machinery and

Equipment

Machinery & Equipment

28 Manufacture of Machinery & Equipment

Electrical Machinery & Apparatus

27 Manufacture of Electrical Equipment

Computer, Electronic & Optical Products

26 Manufacture of Computer, Electronic & Optical Products

Semiconductor Devices

2611 Manufacture of Semiconductor Devices

Computers and Peripheral Equipment

2620 Manufacture of Computers and Peripheral Equipment

Instrumentation, Photographic & Optical Goods

2651 Manufacture and Repair of Measuring, Testing, Navigating and

Control Equipment

2652 Manufacture of Watches and Clocks

2660 Manufacture and Repair of Irradiation, Electromedical and

Electrotherapeutic Equipment

2670 Manufacture of Optical Instruments and Photographic Equipment

Other Electronics nec

2612 Manufacture of Other Electronic Components and Boards

2630 Manufacture of Communications Equipment

2640 Manufacture of Consumer Electronics

2680 Manufacture of Magnetic and Optical Media

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APPENDIX FOREIGN DIRECT INVESTMENT IN SINGAPORE 2018

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17

SSIC 2015

(Version 2018)

Industry

Transport Equipment

29 Manufacture of Motor Vehicles, Trailers and Semi-Trailers

30 Manufacture of Other Transport Equipment

Others

23 Manufacture of Other Non-Metallic Mineral Products

31 Manufacture of Furniture

32 Other Manufacturing

CONSTRUCTION

Construction

41 Construction of Buildings

42 Civil Engineering

43 Specialised Construction Activities

WHOLESALE & RETAIL TRADE

Wholesale Trade

46 Wholesale Trade

Retail Trade

47 Retail Trade

ACCOMMODATION & FOOD SERVICE ACTIVITIES

Accommodation & Food Service Activities

55 Accommodation

56 Food and Beverage Service Activities

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APPENDIX FOREIGN DIRECT INVESTMENT IN SINGAPORE 2018

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18

SSIC 2015

(Version 2018)

Industry

TRANSPORT & STORAGE

Water Transport & Supporting Services

50 Water Transport

5002 Freight Water Transport

Other Water Transport nec

5001 Passenger Water Transport

5222 Supporting Activities to Water Transport

5225 Marine Surveying Services and Classification Societies

Land & Air Transport & Supporting Services

49 Land Transport and Transport via Pipelines

51 Air Transport

5221 Supporting Services to Land Transport

5223 Supporting Services to Air Transport

Warehousing, Post & Courier Services

521 Warehousing and Storage

5224 Cargo Handling

5229 Other Transportation Support Activities

53 Postal and Courier Activities

INFORMATION & COMMUNICATIONS

Information & Communications

58 Publishing Activities

59 Motion Picture, Video, Television and Other Programme Production,

Sound Recording and Music Publishing Activities

60 Radio and Television Broadcasting Activities

61 Telecommunications

62 Computer Programming, Consultancy and Related Activities

63 Information Service Activities

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APPENDIX FOREIGN DIRECT INVESTMENT IN SINGAPORE 2018

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19

SSIC 2015

(Version 2018)

Industry

FINANCIAL & INSURANCE SERVICES

Banks

6412 Full Banks

6413 Wholesale Banks

6414 Offshore Banks

6415 Merchant Banks

6416 Finance Companies

Activities of Holding Companies

6420 Activities of Holding Companies

Other Financial Services

6411 Central Bank

6419 Other Monetary Intermediation

643 Trusts, Funds and Similar Financial Entities

649 Other Financial Services Activities, except Insurance and Pension

Funding Activities

661 Activities Auxiliary to Financial Service Activities, Except Insurance

and Pension Funding

663 Fund Management Activities

Insurance Services

65 Insurance, Reinsurance, Provident Funding and Pension Funding

662 Activities Auxiliary to Insurance and Pension Funding

REAL ESTATE ACTIVITIES

Real Estate Activities

68 Real Estate Activities

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APPENDIX FOREIGN DIRECT INVESTMENT IN SINGAPORE 2018

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20

SSIC 2015

(Version 2018)

Industry

PROFESSIONAL, SCIENTIFIC & TECHNICAL,

ADMINISTRATIVE & SUPPORT SERVICE ACTIVITIES

Professional, Scientific & Technical Activities

69 Legal and Accounting Activities

70 Activities of Head Office; Management Consultancy Activities

71 Architectural and Engineering Activities; Technical Testing and

Analysis

72 Scientific Research and Development

73 Advertising and Market Research

74 Other Professional, Scientific and Technical Activities

75 Veterinary Activities

Administrative & Support Service Activities

77 Rental and Leasing Activities

78 Employment Activities

79 Travel Agencies, Tour Operators and Reservation Service Activities

80 Security and Investigation Activities

81 Cleaning and Landscape Maintenance Activities

82 Office Administrative, Office Support and Other Business Support

Activities

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APPENDIX FOREIGN DIRECT INVESTMENT IN SINGAPORE 2018

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21

SSIC 2015

(Version 2018)

Industry

OTHERS

01 Agricultural and Related Service Activities

02 Forestry, Logging and Related Service Activities

03 Fishing, Operation of Fish Hatcheries and Fish Farms; Service

Activities Incidental to Fishing

08 Mining & Quarrying

09 Service Activities incidental to Oil and Gas Extraction (excluding

Surveying and Engineering Design and Consultancy Services

Supporting Mining, Oil and Gas Extraction and Offshore Exploration

Services)

35 Electricity, Gas, Steam and Air-Conditioning Supply

36 Water Collection, Treatment and Supply

37 Sewage

38 Waste Collection, Treatment and Disposal Activities; Materials

Recovery

85 Education

86 Health Services

87 Residential Care Services

88 Social Services without Accommodation

90 Creative, Arts and Entertainment Activities

91 Libraries, Archives, Museums and Other Cultural Activities

92 Gambling and Betting Activities

93 Sports Activities and Amusement and Recreation Activities

94 Activities of Membership Organisations

95 Repairs of Computers, Personal and Household Goods and Vehicles

96 Other Personal Services Activities

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PROJECT TEAM FOREIGN DIRECT INVESTMENT IN SINGAPORE 2018

_____________________________________________________________________________________________________

22

Deputy Director Mr Sng Zhizhong

Senior Assistant Director Mr Vern Lim

Assistant Director

Statistician

Ms Cheng Ze Ying

Mr Toh Yong Qing

Lead Manager

Senior Managers

Mr Zainal b Ibrahim

Mrs Tan-Poh Bee Tin

Mr Chua Yih Leng

Mr Yeo Eng Kiat

Senior Executives / Executives /

Management Support Officers /

Corporate Support Officers

Mrs Ho-Wong Kum Yong

Mr Mohamed Hisyamuddin

Ms Izyan Ashikin

Ms Fadhilah Bte Asmani

Ms Nurshahida Haseena

Ms Kalaiselvi d/o Suppiah

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SINGAPORE DEPARTMENT OF STATISTICS

INFORMATION DISSEMINATION SERVICES

Statistics Singapore Website

The Statistics Singapore Website was launched by the Singapore Department of Statistics (DOS) in

January 1995. Internet users can access the website by connecting to:

https://www.singstat.gov.sg

Key Singapore statistics and resources are available via the following sections:

• What’s New

Obtain latest data for key economic and social indicators, browse news releases by DOS

and Research and Statistics Units (RSUs) of other public sector agencies.

• Find Data

Choose from almost 50 topics to access the relevant statistics, press releases,

infographics, charts, storyboards, videos and references.

• Publications

Browse DOS’s publications, papers and articles by topics. All publications are available

for free access.

• Advance Release Calendar

View dates of upcoming releases in the half-yearly ahead calendar.

The website also provides a convenient gateway to international statistical websites and resources:

• IMF Dissemination Standards Bulletin Board

View metadata and latest data about Singapore’s key indicators in the real, fiscal, financial

and external sectors, including dissemination practices and information about pre-release

access of current indicators.

• International Statistics

Access international databases, websites of international bodies and national statistical

offices.

• International Classifications

Access quick links to international economic and social classifications.

SingStat Express

Subscribe to the SingStat Express and receive email and SMS alerts (for local users) on the latest press

releases, notices of publication, occasional and information papers and newsletters. Subscription details are

available at https://www.singstat.gov.sg/whats-new/sign-up-for-alerts.

SingStat Mobile App

The SingStat Mobile App provides users with ready access to the latest key Singapore official statistics

through their mobile devices while on-the-go. Users may visualise data for the latest periods with some 200

charts of commonly used statistics from 27 data categories. The app is continually enhanced to provide more

user-friendly features. Users can now receive notifications on updates to their preferred indicators, organise data

categories in the order of their preference, download tables or share charts via social media and perform

computation for quick analyses. The app is available for downloading in iOS and Android devices. More

information is available at https://www.singstat.gov.sg/our-services-and-tools/singstat-mobile-app.

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Statistical Enquiries and Feedback

If you have any statistical enquiries or feedback on our services, you are welcomed to:

E-mail us at [email protected]

Fax to us at (65) 6332-7689

Call us at 1800-3238118* (local callers)

(65) 6332-7738 (overseas callers)

* Calls from mobile telephone lines to 1800 local toll free number may be subject to mobile airtime charges as imposed by the relevant mobile service provider.

SINGAPORE DEPARTMENT OF STATISTICS

INFORMATION DISSEMINATION SERVICES (cont’d)

SingStat Table Builder

The SingStat Table Builder contains statistical data series on the Singapore economy and population

for users to create customised data tables, and export them in different file formats and download multiple tables

at one go. APIs are also provided in JSON and CSV formats. Explore data trends with this e-service at

https://www.singstat.gov.sg/tablebuilder.

Really Simple Syndication

Really Simple Syndication (RSS) is an easy way to stay updated on the latest statistical news released by

DOS. The SingStat RSS feed delivers statistical news highlights and hyperlinks to the source documents

whenever the updates are posted. More information is available at https://www.singstat.gov.sg/whats-

new/really-simple-syndication-rss.

E-survey

The E-survey enables business organisations to complete and submit their survey forms through the

internet. Using secured encryption protocols, the E-survey ensures that the information transmitted through the

net is secured and protected. The system features online helps and validation checks to assist respondents in

completing their survey forms. With the E-survey, respondents do away with the tedious paper work and manual

tasks of mailing or faxing their survey returns to DOS.