SINGAPORE (The Straits Times/ANN): Singapore attracted some $17.2 billion in fixed asset investments in 2020, despite weathering its worst recession since independence as a result of the Covid-19 pandemic.
This beat the Economic Development Board's (EDB) medium- to long-term target of $8 billion to $10 billion, and exceeded 2019's haul of $15.2 billion in fixed asset investments. The investments secured in 2020 are the most sizeable since 2008, when the EDB pulled in more than $18 billion.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!