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Business investment into Singapore dropped 31% in 2021 -Breaking

by Mike Robinson

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© Reuters. FILEPHOTO: View of Singapore’s Central Business District on May 24, 2018. REUTERS/Edgar Su

SINGAPORE, (Reuters) – Business investments in Singapore fell by 31% in the last five years, marking a significant decline after registering a record high of more than ten years in 2020.

According to the Economic Development Board, (EDB), while commitments for fixed assets like facilities, machinery, and other equipment fell to S$11.8billion ($8.78billion) by 2021, they remained well above the medium-to-long-term goal between S$8billion to S$10billion.

($1 = 1.3434 Singapore dollars)

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