Singapore has many advantages over Honduras, not least:
Location
Political stability
Education
Lets not forget, Honduras underwent a military coup only three years ago, and journalists still occasionally turn up dead when their reporting hits on sensitive issues (as do lawyers, as it turns out). That alone is going to make investors nervous, since military coups tend not to be very respective of property rights and in country profits. And frequently, neither are the revolutions that inevitably depose them.