Strong foreign investment commitments to Singapore

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Despite strong economic headwinds and the US-China trade tensions, Singapore has managed to attract an unexpectedly large amount of investment commitments in the first half of this year.

According to the Economic Development Board (EDB), the city state received $8.1 billion in investment commitments in manufacturing and services, clearly more than the $5.3 billion worth of investment commitments it had drawn for the same period last year.

The figure also falls already within EDB’s $8-billion to $10-billion full-year forecast. Last year, the country drew $10.9 billion in investment commitments – a number that looks well within reach.

Top foreign investors this year so far were from the US and Europe. Technology firm Micron, social media giant Facebook and British home appliance maker Dyson are just a few of the prominent companies that have set up branches in Singapore.

Economists attributed the strong investment figures to Singapore’s continued attractiveness as a place for global multinational corporations. This includes factors such as the city-state’s political stability, business-friendly environment, skilled workforce as well as well-developed infrastructure and connectivity.

In addition, Singapore is benefiting from shifts in global supply chains as a result of the US-China trade war.



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Despite strong economic headwinds and the US-China trade tensions, Singapore has managed to attract an unexpectedly large amount of investment commitments in the first half of this year. According to the Economic Development Board (EDB), the city state received $8.1 billion in investment commitments in manufacturing and services, clearly more than the $5.3 billion worth of investment commitments it had drawn for the same period last year. The figure also falls already within EDB’s $8-billion to $10-billion full-year forecast. Last year, the country drew $10.9 billion in investment commitments – a number that looks well within reach. Top foreign investors...

Auto Draft

Despite strong economic headwinds and the US-China trade tensions, Singapore has managed to attract an unexpectedly large amount of investment commitments in the first half of this year.

According to the Economic Development Board (EDB), the city state received $8.1 billion in investment commitments in manufacturing and services, clearly more than the $5.3 billion worth of investment commitments it had drawn for the same period last year.

The figure also falls already within EDB’s $8-billion to $10-billion full-year forecast. Last year, the country drew $10.9 billion in investment commitments – a number that looks well within reach.

Top foreign investors this year so far were from the US and Europe. Technology firm Micron, social media giant Facebook and British home appliance maker Dyson are just a few of the prominent companies that have set up branches in Singapore.

Economists attributed the strong investment figures to Singapore’s continued attractiveness as a place for global multinational corporations. This includes factors such as the city-state’s political stability, business-friendly environment, skilled workforce as well as well-developed infrastructure and connectivity.

In addition, Singapore is benefiting from shifts in global supply chains as a result of the US-China trade war.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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