Reuters
SINGAPORE, Jan 17 (Reuters) - Singapore attracted
S$13.7 billion ($10.6 billion) in fixed asset investments in
2011 and hopes to bring in S$13-15 billion this year despite the
problems in Europe, the city-state's investment planning agency
said on Tuesday.
The fixed asset investments received last year were at the
top end of the government's S$12-14 billion forecast and
exceeded the S$12.9 billion in 2010, the Economic Development
Board (EDB) said in a statement.
"Investment interest in Asia remains healthy in spite of the
uncertainties in the global economy, especially in the
eurozone," EDB said.
Fixed asset investment refers to capital investment in
facilities, equipment and machinery.
Companies that opened new manufacturing facilities in
Singapore last year included IM Flash, a joint venture between
Intel Corp and Micron Technology Inc ; U.S.-based
Coherent Inc, which makes laser modules and systems;
and Switzerland's Lonza Group AG, which set up a
bioprocess facility.
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SINGAPORE, Jan 17 (Reuters) - Singapore attracted
S$13.7 billion ($10.6 billion) in fixed asset investments in
2011 and hopes to bring in S$13-15 billion this year despite the
problems in Europe, the city-state's investment planning agency
said on Tuesday.
The fixed asset investments received last year were at the
top end of the government's S$12-14 billion forecast and
exceeded the S$12.9 billion in 2010, the Economic Development
Board (EDB) said in a statement.
"Investment interest in Asia remains healthy in spite of the
uncertainties in the global economy, especially in the
eurozone," EDB said.
Fixed asset investment refers to capital investment in
facilities, equipment and machinery.
Companies that opened new manufacturing facilities in
Singapore last year included IM Flash, a joint venture between
Intel Corp and Micron Technology Inc ; U.S.-based
Coherent Inc, which makes laser modules and systems;
and Switzerland's Lonza Group AG, which set up a
bioprocess facility.
