Singapore Wins Record $17 Billion Investment Pledge on Reopening
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Singapore said it secured record investment commitments last year as the economy reopened, while warning that officials don’t expect to repeat that performance amid mounting global headwinds.
The city-state attracted S$22.5 billion ($17 billion) in fixed-asset investment commitments in 2022, nearly double the S$11.8 billion level the previous year, according to data released Thursday by the Economic Development Board. The inflows were driven by the electronics sector, which cornered two-thirds of the investment pledges.