18,600 new skilled jobs coming soon.
According to a release, EDB said that investment in Singapore "was an all-time high due partly to significant investments from the Electronics and Energy & Chemicals industries."
"The record FAI is a validation of EDB's 'Home' strategy, and reflects the continued strong investment interest by companies to seize long-term growth opportunities in Asia through Singapore," said EBD
But EDB noted that Total Business Expenditure per Annume (TBE) at S$6.2 billion was at the lower end of the forecast, reflecting the short term cautious business sentiments of 2012.
When investments committed in 2012 are fully implemented, they will contribute a record S$20.3 billion in value added, according to EDB, and create 18,600 new skilled jobs, meeting our forecast.
EDB said Singapore's despite the uncertain global economy, the country's tight labor market and foreign manpower policy adjustments, companies have remained confident in Singapore's strong business fundamentals, especially among large MNC's and medium-sized enterprises "as a strategic location to stage their Asian growth from."
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