Singapore attracts over $8 bln into fixed assets last year

VNA
Singapore attracted nearly US$8.02 billion in fixed asset investment last year, higher than the $6.9 billion in 2017, according to the Singapore Economic Development Board (EDB). 

Illustrative image (Source: AFP)

Illustrative image (Source: AFP)

The island state spent about $4.5 billion on manufacturing and trade, lower than the nearly $4.8 billion 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 this year while 16,000 – 18,000 new jobs will be created.

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