News Formal

S'pore attracts $8.1b in investment commitments

  • 📰 thenewpaper
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Strong economic headwinds and the US-China trade tension have not stopped Singapore from attracting an unexpectedly large amount of investment commitments. In just the first half of this year, Singapore has attracted $8.1 billion in investment commitments in manufacturing...

CIMB economist Song Seng Wun said yesterday:"These are encouraging signs, especially in the technology and chemicals sectors."

That the top foreign investors continue to be the United States and Europe is not surprising, said Mr Song. Technology company Micron, social media giant Facebook and British home appliance-maker Dyson are just a few of the prominent companies that have set up shop here. New fixed-asset investment comes at a crucial time, given that Singapore needs a capital expenditure boost to cushion the export downturn.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 7. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

SPH Reit launches S$1b multicurrency debt programme; in talks for potential acquisitionRETAIL landlord SPH Reit has established a S$1 billion multicurrency debt issuance programme, with part of the proceeds to be potentially used for a possible acquisition. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »