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Singapore receives boosts in fertility for growth of mergers and acquisitions

February 2011 - EU & Competition. Legal Developments by Loo & Partners.

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Two years after worldwide M&A plunged into a deal famine, 2010 seems to be a time of valuable opportunity for those with an appetite for acquisitions. Recently, the market has been buoyant with good news of economic recovery pouring in.

The Ministry of Trade and Industry announced on 14 April 2010 that it expects the Singapore economy to grow by 7.0 to 9.0 per cent in 2010. Prime Minister Lee Hsien Loong said Singapore's economy made a remarkable recovery from a year ago and expects a good year going forward. Without a doubt, Singapore’s strong economic performance for the first quarter of 2010 has surpassed expectations with the speed of its rebound from the downturn.

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