Updated: 01/29/2014 01:00

Investments last year created 21,400 skilled jobs: EDB

Investments last year created 21,400 skilled jobs: EDB

The Economic Development Board, EDB, says about 21,400 skilled jobs were created last year on a Total Business Expenditure (TBE) of $7.8 billion.

The investment promotion agency says the figures indicate Singapore's continued attractiveness as a strategic location in Asia for companies to drive business, innovation and talent activities. 

Last year, the EDB attracted $12.1 billion in Fixed Asset Investments in line with the forecast of $11 to $13 billion.

This year, it expects to attract a steady level of investments, at between $10 and $12 billion, reflecting the continued investor interest to tap growth in Asia, and keeping pace with Singapore's sustainable workforce growth rates. 

The EDB remains confident of Singapore's medium-term outlook and competitiveness amidst continued global investor interest. 

It says Singapore remains an attractive destination for companies seeking to access growth opportunities in Asia. 

Ranked the easiest place in the world to do business for eight consecutive years by the World Bank, Singapore's strong business fundamentals, well-educated workforce, and conducive regulatory environment continue to be highly valued by investors.

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