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Singapore to attract $10b to $12b of investments this year, less than last year

Published on Jan 28, 2014 2:01 PM
 
Companies invested $12.1 billion in Singapore last year but the Republic is likely to attract a lower amount of capital this year. -- ST FILE PHOTO: DESMOND WEE

Companies invested $12.1 billion in Singapore last year but the Republic is likely to attract a lower amount of capital this year.

The Economic Development Board (EDB) said on Tuesday it expects $10 billion to $12 billion of fixed asset investments to flow into Singapore for 2014.

Last year's commitments by corporate investors created 21,400 skilled jobs and will generate $7.8 billion in total business expenditure annually, the EDB said. The investment figures were in line with the agency's forecasts of $11 billion to $13 billion of investments for 2013 and came after a record $16 billion in 2012.

This year, the EDB expects investments that will lead to $6 billion to $7.5 billion of total business expenditure every year and the creation of 14,000 to 16,000 skilled jobs.

 
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