Global Players from Emerging Markets: Strengthening ... - Unctad

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122 Outward Foreign Direct Investment by Enterprises <strong>from</strong> Singapore Figure 1. Singapore: OFDI stock, by geographical distribution and industry, 1996 and 2002 (Millions of Singapore dollars) 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% Notes and source: As for table 1. 70 per cent of Singapore M&A purchases in the same period. Finance dominated followed by business activities such as real estate and business services. Of the top 15 M&A purchases between 1997 and 2004, most took place after 2001 in electrical and electronics, transportation and finance (table 4). The industrial 1996 Others 54 35 8 150 142 9 415 Oceania 578 408 2 317 824 4 290 North America 175 219 2 149 146 2 841 Europe 161 213 5 862 39 6 741 Rest of Asia 4 448 2 496 4 187 1 919 1 4374 ASEAN 8 023 2 381 5 220 867 1 7995 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% Manufacturing Commerce Financial Real estate Total 2002 Manufacturing Commerce Financial Real Estate Total Others 1550.1 438.8 5196.7 58.7 9396.3 Oceania 2446 744.2 22965.6 116.5 46120.2 North America 619 52 6620.8 22.4 8170.7 Europe 2037.2 145.7 9047.3 1898.2 14003 Rest of Asia 2299.8 5508.3 29465.5 546.7 40233.7 ASEAN 3651 3369 18481.1 274.1 30512.5 Others Oceania North America Europe Rest of Asia ASEAN Others Oceania North America Europe Rest of Asia ASEAN concentration of cross-border M&A purchases reflects the competitiveness of Singaporean companies in selected industries and the increasing preference of Singapore companies for M&As as a mode of entry into internationalization. Some 21 per cent of TNCs established their overseas subsidiaries through an
Table 3. Singapore: Top 12 transnational corporations, 2004 (Millions of Singapore dollars; percentage; unit) Foreign sales as a % of Total sales Foreign assets as a % of total assets Foreign sales Total sales Foreign assets Total assets Rank Name of company 1 Singapore Airlinesa NA 19 990 NA NA 9 762 NA 2 Neptune Orient Linesb, c NA 4 064 NA 4 595 5 523 83 3 SingTela 31 736 36 857 86.1 8 221 11 995 69 4 Keppel Corporationd 2 315 10 083 23.0 1 528 5 947 28 5 CapitaLandd 6 695 17 558 38.1 2 465 3 830 64 6 Pacific International Lines NA NA n/a 2 396 2 495 96 7 Fraser & Neavee 2 765 7 374 37.5 2 242 3 446 65 8 SembCorp Industriesd NA 6 622 n/a 2 111 4 795 45 9 Olam International f NA 1 242 n/a NA 2 610 NA 10 Hong Leong Asia d 1 271 1 554 81.8 1 636 1 883 87 11 City Developments Ltd NA 13 059 NA 1 419 2 326 61 12 DBS Group Holdingsd 61 940 159 595 38.8 1 386 3 310 42 a Apr 01 2003 - Mar 31, 2004 b Jan 1 2003 - Dec 26 2003 c In US$ million d Jan 1 2003 - Dec 31 2003 e Oct 1 2003 - Sept 30,2004 f July 1 2003 - June 30 2004 Source: Company annual reports. CHAPTER X 123
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United Nations Conference on Trade
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Preface The landscape of internatio
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Acknowledgements This publication i
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viii Global Players from Emerging M
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x Global Players from Emerging Mark
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