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Singapore could gain an annual increase of $200m in foreign direct investment.
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Singapore could gain an annual increase of $200m in foreign direct investment.
Non-stop flights to fast-growing but under-connected markets could give the Singapore economy a healthy tailwind, government economists said.
Singapore could thus benefit by serving as a key stop for goods and travellers on routes between emerging markets and South-east Asia and Oceania, the report's authors said.
They calculated that Singapore could gain an annual increase of $200m in foreign direct investment, and an added $520m in direct investment abroad, just from axing a stopover to a similar-sized economy located within 7,500 kilometres (km).
But their report warned that actually setting up these new air links would depend on factors such as the availability of aircraft and air traffic rights, and commercial viability for airlines.