KEYWORD: BUT
SINGAPORE — Despite the challenges of the Covid-19 pandemic, the Economic Development Board (EDB) nonetheless met its medium- to long-term targets in 2021 by securing S$11.8 billion worth of investments for Singapore — which are set to add more than 17,000 jobs here in the years ahead.
And while that represents a 37 per cent drop from 2020’s investment commitment of S$17.2 billion, the statutory board’s managing director, Ms Jacqueline Poh, said on Wednesday (Jan 26) that it is still on par with the five-year annual average prior to 2020. The EDB's medium- to long-term target is S$8 billion to S$10 billion a year.
EDB chairman Beh Swan Gin added during a virtual press conference held for the release of its year-in-review report that “the numbers in 2020 were actually quite exceptional”, and they were not expecting to repeat it last year.
Added Dr Beh: “We should not look at the percentages, and so on, of a single year as a reflection of a trend line.”
Ms Poh said that 2021’s results were a testament to Singapore’s reputation as a “stable, reliable and neutral strategic location”.
“Against the uncertainties of the pandemic and supply chain disruptions, these fundamentals resonated with businesses looking for growth in Asia, and particularly Southeast Asia,” she said.
More at https://www.todayonline.com/singapo...allenging-2021-still-beat-targets-edb-1799986
SINGAPORE — Despite the challenges of the Covid-19 pandemic, the Economic Development Board (EDB) nonetheless met its medium- to long-term targets in 2021 by securing S$11.8 billion worth of investments for Singapore — which are set to add more than 17,000 jobs here in the years ahead.
And while that represents a 37 per cent drop from 2020’s investment commitment of S$17.2 billion, the statutory board’s managing director, Ms Jacqueline Poh, said on Wednesday (Jan 26) that it is still on par with the five-year annual average prior to 2020. The EDB's medium- to long-term target is S$8 billion to S$10 billion a year.
EDB chairman Beh Swan Gin added during a virtual press conference held for the release of its year-in-review report that “the numbers in 2020 were actually quite exceptional”, and they were not expecting to repeat it last year.
Added Dr Beh: “We should not look at the percentages, and so on, of a single year as a reflection of a trend line.”
Ms Poh said that 2021’s results were a testament to Singapore’s reputation as a “stable, reliable and neutral strategic location”.
“Against the uncertainties of the pandemic and supply chain disruptions, these fundamentals resonated with businesses looking for growth in Asia, and particularly Southeast Asia,” she said.
More at https://www.todayonline.com/singapo...allenging-2021-still-beat-targets-edb-1799986
