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Singapore’s ‘Economic Development Board’ Released The 2015 Year End Review

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The ‘Economic Development Board of Singapore’ has released its’ year end review for 2015

INVESTMENT COMMITMENTS IN 2015 MET OR EXCEEDED FORECAST

INVESTMENT NUMBERS FOR 2016 EXPECTED TO BE MODERATE

“The investment commitments achieved in 2015 are a demonstration of the resilience of Singapore’s attractiveness as a global business hub for leading companies seeking long-term competitiveness as well as pursuing growth opportunities in Asia,” said Dr. Beh Swan Gin, Chairman EDB. “These are exciting times for Singapore as we transition to a value-creating economy. EDB will continue to attract quality investments, and transform existing industries to bring about sustainable economic opportunities for all.”

ABOUT THE EDB

The Singapore Economic Development Board (EDB) is the lead government agency for planning and executing strategies to enhance Singapore’s position as a global business centre. EDB dreams, designs and delivers solutions that create value for investors and companies in Singapore. Our mission is to create for Singapore, sustainable economic growth with vibrant business and good job opportunities. For more information on EDB, please visit www.sedb.com

OVERVIEW:

Investment commitments in 2015 met or exceeded EDB’s forecast for all indicators. This will lead to the creation of 16,800 jobs, when the projects are fully implemented. The results reflect the continued confidence and commitment of global companies in Singapore as a strategic location in Asia for key business functions.

For 2016, investment commitments are expected to be moderate due to the continued weakness of global aggregate demand.

Please read full report:

http://www.news.gov.sg/public/sgpc/en/media_releases/agencies/edb/press_release/P-20160202-1/AttachmentPar/0/file/YIR%202015%20Press%20Release.pdf

{Source: Government of Singapore – Economic Development Board}

{photo credits-featured image: Merlion Park Singapore – By ペウゲオト. (Own work.) [CC BY-SA 3.0 (http://creativecommons.org/licenses/by-sa/3.0)], via Wikimedia Commons]

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