Economics
Singapore Targets Less Investment Amid Uncertain Global Outlook
- Singapore lowers goal to S$8 billion-S$10 billion for 2016
- City lured S$11.5 billion of investment last year, EDB Says
Commercial buildings in the central business district are reflected on a building facade in Singapore, on Monday, Dec. 9, 2013. Singapore's economy may expand 3.9 percent in 2014, according to a median of 21 economists and analysts in the Monetary Authority of Singapore's Dec. quarterly survey.
Photographer: Brent Lewin/BloombergThis article is for subscribers only.
Singapore lowered its target for investment this year as the city state contends with uncertain global economic conditions and weaker overseas demand hurts its manufacturing sector.
The government forecasts S$8 billion ($5.6 billion) to S$10 billion in fixed-asset investment commitments this year, the Economic Development Board said Tuesday, compared with S$11.5 billion lured in 2015.