Updated: 03/14/2013 07:50

PM: Singapore must continue to welcome high quality investments as economy upgrades



PM: Singapore must continue to welcome high quality investments as economy upgrades


Prime Minister Lee Hsien Loong says Singapore must continue to welcome high quality investments as the country upgrades its economy. 

Writing on his Facebook page after having dinner with the Rolls-Royce Board in Singapore, Mr Lee said high quality investments like those by Rolls-Royce in Singapore have created skilled and well paying jobs for Singaporeans.

He noted that Singapore's partnership with Rolls-Royce goes way back to the 1950s.

Since then, Rolls-Royce has continued to increase its investments in Singapore.

Last year, Mr Lee launched the Rolls-Royce Seletar Campus in Singapore, which manufactures the latest Trent engines and the high tech, wide-chord fan blades that go into these engines. 

He noted that Singapore is the only place outside the UK to do so.

He added the project has created many good jobs for Singaporeans who make up most of the workforce and has helped the country become a global aerospace hub.

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