Singapore: Singapore's share of investments in manufacturing, acccording to the KPMG survey, is also expected to fall by over 6 per cent in recent future.
This is quite surprising as Singapore has a successful and transparent market economy.
The country's government-linked companies are dominant in various sectors of the local economy, such as media, utilities and public transport.
Singapore has consistently been rated as the least corrupt country in Asia and among the world's 10 most free from corruption country by Transparency International.
Image: This file photo shows Queen Elizabeth II walking past a lion dance troupe during her tour of a housing estate in Singapore in 2006.| Photograph: Jonathan Drake/Getty Images.
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