20 Jan '11, 4am

#Singapore: S'pore exports and company investment overseas up: SINGAPORE companies returned in force to overseas...

Singapore exports and overseas investments saw double digit growth last year. -- ST FILE PHOTO SINGAPORE companies returned in force to overseas markets as export of goods and services as well as investment overseas, all saw double digit growth last year. Singapore's exports of goods grew 22 per cent to $479 billion last year, while services - a key pillar of the domestic economy - grew 15 per cent to $111 billion. Investments in overseas markets also grew to $15 billion last year, mostly in countries such as China, Hong Kong and Malaysia, as companies sought to establish a foothold in emerging markets. IE Singapore chief executive Teo Eng Cheong said that with Asia booming, a key focus for the next few years would be to help local companies expand aggressively to grow their business overseas.

Full article: http://www.straitstimes.com/BreakingNews/Singapore/Story/...

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