Singapore attracts over 8 bln USD into fixed assets last year
Singapore attracted nearly 8.02 billion USD in fixed asset investment last year, higher than the 6.9 billion USD in 2017, according to the Singapore Economic Development Board (EDB).
Illustrative image (Source: AFP) Hanoi (VNA) - Singapore attracted nearly 8.02 billion USD in fixed
asset investment last year, higher than the 6.9 billion USD in 2017, according
to the Singapore Economic Development Board (EDB).
The island state spent about 4.5 billion USD on manufacturing and trade, lower than the nearly 4.8 billion USD a year earlier.
The board said when fully implemented, the projects will generate 17,400 new jobs.
EDB Chairman Beh Swan Gin said despite uncertainties in the global business environment and signs of “cool-down” in major economies, committed investments in Singapore are likely to sustain in 2019.
EDB forecast that investment in fixed assets will reach 5.8 – 7.3 billion USD this year while 16,000 – 18,000 new jobs will be created.-VNA
The island state spent about 4.5 billion USD on manufacturing and trade, lower than the nearly 4.8 billion USD a year earlier.
The board said when fully implemented, the projects will generate 17,400 new jobs.
EDB Chairman Beh Swan Gin said despite uncertainties in the global business environment and signs of “cool-down” in major economies, committed investments in Singapore are likely to sustain in 2019.
EDB forecast that investment in fixed assets will reach 5.8 – 7.3 billion USD this year while 16,000 – 18,000 new jobs will be created.-VNA
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