Singapore to create investment funds for Asias infrastructure needs
Singapore is seeking to tap opportunities in Asias infrastructure building growth, and it hopes to attract investors by providing incentives for infrastructure funds.
Asian countries are expected to spend US$250b a year over the next five years to build large-scale projects such as roads systems, bridges, and power generators, and Singapore aims to make it easier for both institutional and retail private investors to pool their money together to finance such projects.
Singapores neighbours like Indonesia and Vietnam are now relying on offshore banks to lend them money for their infrastructure projects, but Singapore is hoping to develop infrastructure funds as an alternative source of capital.
More : channelnewsasia.com
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