fixed asset investments

Inbound investments to create fewer jobs in 2017: EDB

SINGAPORE (Feb 2): The Singapore Economic Development Board (EDB) announced Thursday that it has lowered its forecast for the number of jobs created from inbound fixed asset investments in 2017.

EDB is expecting to attract between $8-10 billion in inbound investments this year, which is expected to create 19,000 to 21,000 new jobs when the projects are fully implemented.

Last year, a total of $9.4 billion in fixed asset investments were made, which will result in some 20,100 new jobs – just within the 2016 jobs creation forecast range of between 20,000 and 22,000.

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