(Oct 3): The potential benefit to Singapore from the turmoil in Hong Kong: US$4 billion ($5.5 billion).

That’s the upper end of an estimate from Goldman Sachs Group Inc. of the money investors have moved to Singapore amid escalating political protests in the former British colony. The New York-based bank estimated that there has been a maximum outflow of Hong Kong dollar deposits totalling US$3 billion to US$4 billion to Singapore, an alternative financial centre for the region, as of August.

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