Investments in Singapore to moderate in 2015 on back of uncertain global outlook: EDB

The EDB clinched $11.8b worth of investments last year.

The Economic Development Board today stated that investment commitment numbers will moderate in 2015 on back of greater uncertainty in the global economic outlook.

“For 2015, EDB expects investment commitment numbers to continue with the trend since 2013, of a more moderate flow of investments. This reflects our sharper focus on attracting projects that are in line with Singapore’s stage of economic development, manpower policies and planned international commitments on carbon emissions,” the EDB stated in a release.

The EDB attracted $11.8 billion in Fixed Asset Investments in 2014, which will lead to the creation of 16,100 skilled jobs when the projects are fully implemented.

This figure is at the upper end of the forecast of $10 - $12 billion. The number of skilled jobs created also exceeded the forecast.