Chart of the Day: Singapore residents maintain steady grip of newly-established businesses

Local ownership stayed steady at 65%.

Locals still have a firm grasp of the city-state’s companies, owning more than half of newly-established business this quarter.

According to a report by Hawksford, trailing Singapore’s own firm-owners were foreigners who fully owned newly-established companies, making up 24% of established companies in 3Q.

11% of companies, on the other hand, were owned by a combination of foreign and local shareholders.

Meanwhile, ownership remained more or less unchanged, except from a 1% slip in locally owned companies compared to last quarter.

“The deferral in federal rate hike may have brought some clarity to the investors and entrepreneurs, helping to sustain the share of foreign held companies,” said the report.