Record Value-added Investments in SG:Can Anyone Verify this?
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Singapore draws record value-added investments in 2006
Posted: 29 January 2007 1443 hrs
SINGAPORE - Investments in Singapore last year are expected to contribute a record value-added S$13.4 billion (US$8.8b) to the economy and create 26,800 jobs on completion, the government said Monday.
"2006 actually is a bumper year for the investments," said Lim Siong Guan, chairman of the Economic Development Board (EDB). "It's the highest we have ever recorded -- the 13.4 billion (dollars) of value add."
Value added investment refers to the total contribution of the projects to gross domestic product when completed.
Last year's value-added investments exceeded EDB's forecast of S$10.5b-S$11.0b and was better than S$10.8b achieved in 2005.
For 2007, EDB projects Singapore is likely to attract value-added investments of S$11.0b-S$11.5b.
"The economic outlook worldwide and for Singapore for 2007 is buoyant, although economic growth is expected to moderate," the EDB said.
Singapore's economic growth in 2007 is targeted to slow to 4.0-6.0 percent after expanding 7.7 percent last year.
The EDB said a number of projects secured in 2006 were worth more than one billion dollars in terms of fixed asset investments (FAIs), bringing the total amount to S$8.8b, higher than the S$8.5b recorded in 2005.
These included a S$1.7b wafer plant by South Korea's Samsung Electronics and a S$1.3b disk media factory by US tech giant Seagate.
"These substantial FAI projects further anchor our key industry clusters and investors in Singapore," the EDB said.
"They represent long term commitments and reflect Singapore's competitiveness as a global manufacturing hub."
Europe was the leading FAI investor last year, pouring in S$2.3b, followed by the US with S$2.2b, the EDB said. - AFP/ir -
I think only those who work in the Dept of Stats can probably verify the numbers. For most (or all?) Govt bodies, 31 Mar represents the last day of the workyear. This is the time at the end of the year where they will come out to tell everyone their good results delivered. Will allow our public civil servants to claim some limelight on behalf of the Govt and also for their own bonuses.
This is also a good sensible timing as the Govt is riding on a wave of good news, maybe to justify some policies that will be announced during Feb 15 budget? -
Ask / Wait for OM.
Maybe he will provide some statistic provided by the government to support it. -
Su Zhou investment was declared a success.
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yeah balls.Originally posted by mistyblue:Su Zhou investment was declared a success.
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I wonder when (if ever) are they going to stop their delusional self-denials??
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Success in losing money to the Chinese har?Originally posted by mistyblue:Su Zhou investment was declared a success.
That one also considered success mah.
Just like Singapore successfully declared independent; At the same time, Singapore also successfully angered the Malaysian government then. Both were successful act mah.
Success, in what context?