Singapore agency attracts less fixed asset investments last year

February 3, 2015 3:31 am 

SINGAPORE, Feb. 2 — Singapore's investment promotion agency Economic Development Board attracted 11.8 billion Singapore dollars (US$ 8.7 billion) in fixed asset investments last year, it said on Monday.

The number was slightly lower than the 12.1 billion Singapore dollars in fixed asset investments in 2013, but it was in line with the agency's forecast of 10 billion Singapore dollars to 12 billion Singapore dollars.

The investments led to the creation of 16,100 skilled jobs, exceeding its forecast of 14,000 to 16,000 jobs, but down from the 21,400 jobs for the previous year.

The total business expenditure per annum last year was at 7 billion Singapore dollars, while the value-added per annum was at 12.5 billion Singapore dollars. Both are in line with forecasts.

The agency said it expects the level of investments in 2015 to moderate in line with Singapore's stage of economic development as well as the increased uncertainty of the global economic environment. More emphasis will be placed on helping existing companies and sectors strengthen their competitiveness and make more productive use of their resources, it said. (1 U.S. dollar = 1.35 Singapore dollars). (PNA/Xinhua)



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