Investors from Singapore and Vietnam topped the list of foreign backers in the National League for Democracy’s year in government, according to statistics of foreign investment from the Directorate of Investment and Companies Administration (DICA).
Foreign investment totalled US$6.65 billion in the 2016-17 fiscal year.
The money went into livestock and fishing (about $96 million), production (about $1.18 billion), energy (about $909 million), transport and communication (about $3.08 billion), hotels and tourism (about $403 million), real estate (about $747 million) and other service sectors (about $231 million).
Foreign investments came from many countries over that period – from Australia, Bangladesh, Brunei, Canada, China, France, Germany, Hong Kong, Indonesia, Japan, Malaysia, South Korea, Singapore, Thailand, the Netherlands, the UK, Vietnam, Samoa, Marshall Islands and Taiwan.
Singapore topped the list with investment worth over $3 billion, while Vietnam followed with investment worth over $1 billion.