S'pore targets $ 5.9 bn in '07 factory investment

Singapore, Jan 29: Singapore is targeting factory investmentsof up to S billion (.9 billion) and services investments of as muchas SSingapore, Jan 29: Singapore is targeting factory investmentsof up to S$9 billion ($5.9 billion) and services investments of as muchas S$2.9 billion in 2007 -- slightly higher than last year, agovernment agency said on Monday.

The Economic Development Board, the agency tasked with luringforeign investment to the city-state, said in its annual review thatinvestment last year reached S$8.8 billion in manufacturing and S$2.8billion in services.

Last year's investment beat the government's targets of S$8billion to S$8.5 billion for manufacturing and of S$2.5 billion toS$2.7 billion in services.

Europe, the United States and Japan were the main sources ofinvestment in 2006. Among the big investments were Royal Dutch Shell's petrochemical plant, Intel's and Micron's flash memory plant, and a Samsung Electronics silicon wafer factory.

The biggest share of factory investments last year came from theelectronics sector at S$4.3 billion, followed by the chemicals industryat S$2.6 billion.

The EDB said the share of fixed asset investments in Singaporefrom Asia-Pacifc countries grew to 15 percent of the total from 12percent in 2005.

Last year's factory investments were the highest since 2002, whencompanies spent S$9 billion on new production sites in the southeastAsian island nation.

Singapore is investing heavily in its biomedical, education andtourism sectors to reshape its trade-dependent economy. It still reliesstrongly on overseas sales of electronics, which make up about half ofits non-oil exports and a third of manufacturing production.

Singapore's manufacturing sector accounts for about one quarter of the city-state's economy.

Reuters .9 billion in 2007 -- slightly higher than last year, agovernment agency said on Monday.

The Economic Development Board, the agency tasked with luringforeign investment to the city-state, said in its annual review thatinvestment last year reached S.8 billion in manufacturing and SSingapore, Jan 29: Singapore is targeting factory investmentsof up to S$9 billion ($5.9 billion) and services investments of as muchas S$2.9 billion in 2007 -- slightly higher than last year, agovernment agency said on Monday.

The Economic Development Board, the agency tasked with luringforeign investment to the city-state, said in its annual review thatinvestment last year reached S$8.8 billion in manufacturing and S$2.8billion in services.

Last year's investment beat the government's targets of S$8billion to S$8.5 billion for manufacturing and of S$2.5 billion toS$2.7 billion in services.

Europe, the United States and Japan were the main sources ofinvestment in 2006. Among the big investments were Royal Dutch Shell's petrochemical plant, Intel's and Micron's flash memory plant, and a Samsung Electronics silicon wafer factory.

The biggest share of factory investments last year came from theelectronics sector at S$4.3 billion, followed by the chemicals industryat S$2.6 billion.

The EDB said the share of fixed asset investments in Singaporefrom Asia-Pacifc countries grew to 15 percent of the total from 12percent in 2005.

Last year's factory investments were the highest since 2002, whencompanies spent S$9 billion on new production sites in the southeastAsian island nation.

Singapore is investing heavily in its biomedical, education andtourism sectors to reshape its trade-dependent economy. It still reliesstrongly on overseas sales of electronics, which make up about half ofits non-oil exports and a third of manufacturing production.

Singapore's manufacturing sector accounts for about one quarter of the city-state's economy.

Reuters .8billion in services.

Last year's investment beat the government's targets of Sbillion to S.5 billion for manufacturing and of SSingapore, Jan 29: Singapore is targeting factory investmentsof up to S$9 billion ($5.9 billion) and services investments of as muchas S$2.9 billion in 2007 -- slightly higher than last year, agovernment agency said on Monday.

The Economic Development Board, the agency tasked with luringforeign investment to the city-state, said in its annual review thatinvestment last year reached S$8.8 billion in manufacturing and S$2.8billion in services.

Last year's investment beat the government's targets of S$8billion to S$8.5 billion for manufacturing and of S$2.5 billion toS$2.7 billion in services.

Europe, the United States and Japan were the main sources ofinvestment in 2006. Among the big investments were Royal Dutch Shell's petrochemical plant, Intel's and Micron's flash memory plant, and a Samsung Electronics silicon wafer factory.

The biggest share of factory investments last year came from theelectronics sector at S$4.3 billion, followed by the chemicals industryat S$2.6 billion.

The EDB said the share of fixed asset investments in Singaporefrom Asia-Pacifc countries grew to 15 percent of the total from 12percent in 2005.

Last year's factory investments were the highest since 2002, whencompanies spent S$9 billion on new production sites in the southeastAsian island nation.

Singapore is investing heavily in its biomedical, education andtourism sectors to reshape its trade-dependent economy. It still reliesstrongly on overseas sales of electronics, which make up about half ofits non-oil exports and a third of manufacturing production.

Singapore's manufacturing sector accounts for about one quarter of the city-state's economy.

Reuters .5 billion toSSingapore, Jan 29: Singapore is targeting factory investmentsof up to S$9 billion ($5.9 billion) and services investments of as muchas S$2.9 billion in 2007 -- slightly higher than last year, agovernment agency said on Monday.

The Economic Development Board, the agency tasked with luringforeign investment to the city-state, said in its annual review thatinvestment last year reached S$8.8 billion in manufacturing and S$2.8billion in services.

Last year's investment beat the government's targets of S$8billion to S$8.5 billion for manufacturing and of S$2.5 billion toS$2.7 billion in services.

Europe, the United States and Japan were the main sources ofinvestment in 2006. Among the big investments were Royal Dutch Shell's petrochemical plant, Intel's and Micron's flash memory plant, and a Samsung Electronics silicon wafer factory.

The biggest share of factory investments last year came from theelectronics sector at S$4.3 billion, followed by the chemicals industryat S$2.6 billion.

The EDB said the share of fixed asset investments in Singaporefrom Asia-Pacifc countries grew to 15 percent of the total from 12percent in 2005.

Last year's factory investments were the highest since 2002, whencompanies spent S$9 billion on new production sites in the southeastAsian island nation.

Singapore is investing heavily in its biomedical, education andtourism sectors to reshape its trade-dependent economy. It still reliesstrongly on overseas sales of electronics, which make up about half ofits non-oil exports and a third of manufacturing production.

Singapore's manufacturing sector accounts for about one quarter of the city-state's economy.

Reuters .7 billion in services.

Europe, the United States and Japan were the main sources ofinvestment in 2006. Among the big investments were Royal Dutch Shell's petrochemical plant, Intel's and Micron's flash memory plant, and a Samsung Electronics silicon wafer factory.

The biggest share of factory investments last year came from theelectronics sector at S.3 billion, followed by the chemicals industryat SSingapore, Jan 29: Singapore is targeting factory investmentsof up to S$9 billion ($5.9 billion) and services investments of as muchas S$2.9 billion in 2007 -- slightly higher than last year, agovernment agency said on Monday.

The Economic Development Board, the agency tasked with luringforeign investment to the city-state, said in its annual review thatinvestment last year reached S$8.8 billion in manufacturing and S$2.8billion in services.

Last year's investment beat the government's targets of S$8billion to S$8.5 billion for manufacturing and of S$2.5 billion toS$2.7 billion in services.

Europe, the United States and Japan were the main sources ofinvestment in 2006. Among the big investments were Royal Dutch Shell's petrochemical plant, Intel's and Micron's flash memory plant, and a Samsung Electronics silicon wafer factory.

The biggest share of factory investments last year came from theelectronics sector at S$4.3 billion, followed by the chemicals industryat S$2.6 billion.

The EDB said the share of fixed asset investments in Singaporefrom Asia-Pacifc countries grew to 15 percent of the total from 12percent in 2005.

Last year's factory investments were the highest since 2002, whencompanies spent S$9 billion on new production sites in the southeastAsian island nation.

Singapore is investing heavily in its biomedical, education andtourism sectors to reshape its trade-dependent economy. It still reliesstrongly on overseas sales of electronics, which make up about half ofits non-oil exports and a third of manufacturing production.

Singapore's manufacturing sector accounts for about one quarter of the city-state's economy.

Reuters .6 billion.

The EDB said the share of fixed asset investments in Singaporefrom Asia-Pacifc countries grew to 15 percent of the total from 12percent in 2005.

Last year's factory investments were the highest since 2002, whencompanies spent S billion on new production sites in the southeastAsian island nation.

Singapore is investing heavily in its biomedical, education andtourism sectors to reshape its trade-dependent economy. It still reliesstrongly on overseas sales of electronics, which make up about half ofits non-oil exports and a third of manufacturing production.

Singapore's manufacturing sector accounts for about one quarter of the city-state's economy.

Reuters >