SINGAPORE (Reuters) – Business investment commitments into Singapore dropped about 31% last year, marking the first decline in five years and after hitting a more than decade high in 2020, government data showed on Wednesday.
Commitments for investments in fixed assets such as facilities, machinery and other equipment shrank to S$11.8 billion ($8.78 billion) in 2021, but remained above a medium-to- long-term goal of S$8 billion to S$10 billion, according to the Economic Development Board (EDB).
($1 = 1.3434 Singapore dollars)
(Reporting by Chen Lin in Singapore; Editing by Ed Davies)
