Singapore still attractive investment location, drew $5.4 billion in first-half commitments: Gan Kim Yong

Quick Summary:

The minister was responding to a question about MNCs relocating, downsizing, or retrenching workers in Singapore.

This keeps the EDB on track to meet its medium-to-long-term investment commitment goal of $8 billion to $10 billion in FAI this year, Deputy Prime Minister and Trade and Industry Minister Gan Kim Yong said on Oct 14.

Mr Gan was responding to Member of Parliament Yip Hon Weng, who asked about multinational companies relocating, downsizing, or retrenching workers in Singapore, as well as the key factors driving these decisions and concerns over the local workforce’s competitive edge.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Category: EconomyBusiness

Markets: Singapore

Topics: Shifts Global Companies Location Singapore Attractive Investments Drew Commitments Investment Billion

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-15 @ 10:21:00 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 455 words

Reading Time: 3 minutes read

Sentences: 23 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 23065129

View Article Analysis

About The Straits Times

Main Topics: EconomyBusiness

Official Website: straitstimes.com

Update Frequency: 16 posts per day

Year Established: 1845

Headquarters: Singapore

News Last Updated: 1 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #25

Publisher Details

Frequently Asked Questions