SINGAPORE, Jan 28 — Singapore attracted S$16 billion (RM40 billion) in fixed asset investments last year, a 17 per cent increase from 2011, but the city-state will likely attract fewer capital-intensive projects in coming years due to land and manpower constraints, its Economic Development Board (EDB) said today.
EDB, Singapore’s main economic planning agency, said it expects to attract S$11 billion-13 billion worth of investments in new facilities, equipment and machinery this year as companies remain keen to expand in Southeast Asia at a time growth prospects in developed economies remain weak. Full story
