FDI in Singapore remains intact despite weaker demand, says EDB chairman

Photo by Kit Suman on Unsplash

A top official of the Singapore Economic Development Board remains optimistic about foreign direct investment in the country despite growing inflationary pressures and weakening demand around the world, repercussions of the war in Ukraine.

Beh Swan Gin, chairman of the EDB, a government agency in charge of strategies to attract foreign investment, spoke about how Russia’s invasion of Ukraine is impacting economies in Southeast Asia in an interview with Nikkei Asia in Tokyo.

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