Singapore to invest in Brazil
Singapore looks set to boost its state investments in Brazil in a bid to tap into Latin America’s emerging economies, it has been reported.
Temasek – the firm that handles the Singaporean government’s direct investment fund – announced yesterday that it intends to boost its presence in the South American country, Reuters reports.
People considering buying property in Brazil could be interested to hear that yet another major player is keen to take advantage of the emerging market as it suggests global confidence in the nation.
The firm revealed that it would relocate its managing director of Latin American investment, Alan Thompson, to Sao Paulo later in the year.
Tow Heng Tan, the firm’s chief investment officer, said the region holds a "long-term potential and offers attractive investment prospects".
"We will look seriously at opportunities that may arise, but we also do not seek to target any specific investment amount of capital within any given timeframe," he added.
Brazil was recently appointed investment grade by Standard and Poor’s.
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