Singapore Investments Exceed Full-Year Target in Four Months

A jogger runs in a near-empty Merlion Park during the "circuit breaker" lockdown in Singapore, on May 20.Photographer: Lauryn Ishak/Bloomberg
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Singapore secured S$13 billion ($9.2 billion) in investment commitments in the first four months of the year, exceeding earlier targets for the full year, even as the city-state tackled the Covid-19 pandemic, Trade and Industry Minister Chan Chun Sing said in a media briefing and Facebook post Saturday.

The amount exceeded initial targets of S$8 billion to S$10 billion for the whole year, said Chan, and came from sectors such as electronics and info-communications.