Singapore remains attractive for firms

The EDB said that despite a one-off “firm-specific factor” that led to what economists called a surprising decline in electronics manufacturing output, continued investment interest will support growth in the sector.

EDB director of electronics Terence Gan said, in response to a TODAY query, that electronics firms had committed S$16 billion in fixed asset investments over the past three years, representing 38 per cent of EDB’s overall investment commitment. Most of these projects are in high-growth areas of the industry, and when implemented, will create 2,500 skilled jobs from this year to 2016 that will support the recovery in Singapore’s electronics manufacturing output.

“Our efforts in attracting investments in high-growth areas will create higher-quality skilled jobs for Singaporeans. Researchers, scientists and engineers in Singapore have opportunities to design leading-edge products and manufacture them, playing a crucial role in shaping the global electronics landscape and in directly improving the lives of consumers,” said Mr Gan.

Source : Today – 27 May 2014

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