Bloomberg.com, 19 Jan 2009, Shamim Adam
Jan. 19 (Bloomberg) -- Singapore expects investment in manufacturing and services to fall this year from a record in 2008 as demand weakens and companies face difficulty in securing funds for their projects.
Fixed-asset investments may total between S$10 billion ($6.7 billion) and S$12 billion in 2009, declining from S$18 billion last year, the Economic Development Board said today. The government also aims to attract as much as S$7 billion in business spending this year from manufacturing and service industries including information, education and health care.
Read More
Related News
Singapore expects lower capital investments in 2009 - Reuters, 19 Jan 09
