SINGAPORE - About 21,400 skilled jobs were created last year on a Total Business Expenditure (TBE) of S$7.8 billion, figures released by the Economic Development Board of Singapore (EDB) today (Jan 28) showed.

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

The EDB last year attracted S$12.1 billion in Fixed Asset Investments in line with the forecast of S$11 billion to S$13 billion. Expected Value-Added per annum, at S$16.7 billion, was within the forecast as well.

Companies were expected to generate S$6.2 billion more in TBE than in 2012, due to the anchoring of several significant headquarters with regional and global functions in Singapore.

This year, EDB expects to maintain a steady level of investments, 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. Singapore remains an attractive destination for companies seeking to access growth opportunities in Asia, the EDB said.

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.

By todayonline.com

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