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Singapore attracted record $16 billion in investments last year

Published on Jan 28, 2013 3:00 PM
 
The Marina Bay Financial Centre, and other offices, bank towers and glass-clad skyscrapers in the Singapore Central Business District, taken on March 7, 2012.  Singapore attracted a record $16 billion in fixed asset investment last year, the Economic Development Board said today. -- ST PHOTO: ALPHONSUS CHERN

Singapore attracted a record $16 billion in fixed asset investment last year, the Economic Development Board said today.

This was a 16 per cent increase from the investments that flowed to Singapore back in 2011, a positive sign given that the global economy remains weak.

When fully realised the investments will generate an additional $20.3 billion of value to the economy and generate 18,600 jobs.

EDB said that the strong investment interest proves that Singapore remains an attractive location for companies.

 
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