EDB's Performance in Attracting Foreign Investments

Debated in Parliament on 9 May 2016.

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From 2011 to 2015, the Economic Development Board secured S$65 billion in fixed asset investments, expected to generate S$34 billion in annual business expenditure, S$77 billion in annual value-added, and create 107,000 jobs when fully implemented.
The EDB uses a targeted approach to attract investments aligned with Singapore’s competitive strengths and constraints like manpower, land, and carbon emissions commitments.
The EDB collaborates with other agencies to support existing companies, helping them improve competitiveness, productivity, and job creation for locals through skills training and job redesign schemes like WorkPro.

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Thomas Chua Kee Seng

Mr Thomas Chua Kee Seng asked the Minister for Trade and Industry (Trade) (a) what has been the performance of EDB in attracting foreign investments from 2011 to 2015; and (b) what is EDB's strategy in attracting foreign investments in the face of Singapore's ageing workforce.

Lim Hng Kiang

From 2011 to 2015, the Economic Development Board (EDB) secured commitments of S$65 billion in fixed asset investments. These investments are expected to generate total business expenditure per annum of S$34 billion, value-added per annum of S$77 billion, as well as create 107,000 jobs when fully implemented.

EDB adopts a targeted approach to investment promotion, attracting projects that are in line with Singapore's competitive strengths as well as our constraints in manpower, land and planned international commitments on carbon emissions.

Besides attracting new investments, EDB also works closely with other Government agencies to support existing companies in Singapore to strengthen their competitiveness, raise productivity and create good job opportunities for locals. For example, EDB partners the Ministry of Manpower (MOM) and the Singapore Workforce Development Agency (WDA) to engage companies on equipping their local workers with the relevant skills for their jobs. Where relevant, companies are also encouraged to redesign jobs to meet the needs of older workers through schemes, such as WorkPro, which is jointly developed by MOM and WDA.

Summary written by AI (learn more)

From 2011 to 2015, the Economic Development Board secured S$65 billion in fixed asset investments, expected to generate S$34 billion in annual business expenditure, S$77 billion in annual value-added, and create 107,000 jobs when fully implemented.
The EDB uses a targeted approach to attract investments aligned with Singapore’s competitive strengths and constraints like manpower, land, and carbon emissions commitments.
The EDB collaborates with other agencies to support existing companies, helping them improve competitiveness, productivity, and job creation for locals through skills training and job redesign schemes like WorkPro.

Questions identified by AI (learn more)

EDB's Performance in Attracting Foreign Investments | PAPERCUTS

EDB's Performance in Attracting Foreign Investments

Debated in Parliament on 9 May 2016.

Summary written by AI (learn more)

From 2011 to 2015, the Economic Development Board secured S$65 billion in fixed asset investments, expected to generate S$34 billion in annual business expenditure, S$77 billion in annual value-added, and create 107,000 jobs when fully implemented.
The EDB uses a targeted approach to attract investments aligned with Singapore’s competitive strengths and constraints like manpower, land, and carbon emissions commitments.
The EDB collaborates with other agencies to support existing companies, helping them improve competitiveness, productivity, and job creation for locals through skills training and job redesign schemes like WorkPro.

Questions identified by AI (learn more)

Full Transcript

Thomas Chua Kee Seng

Lim Hng Kiang

Summary written by AI (learn more)

From 2011 to 2015, the Economic Development Board secured S$65 billion in fixed asset investments, expected to generate S$34 billion in annual business expenditure, S$77 billion in annual value-added, and create 107,000 jobs when fully implemented.
The EDB uses a targeted approach to attract investments aligned with Singapore’s competitive strengths and constraints like manpower, land, and carbon emissions commitments.
The EDB collaborates with other agencies to support existing companies, helping them improve competitiveness, productivity, and job creation for locals through skills training and job redesign schemes like WorkPro.

Questions identified by AI (learn more)

EDB's Performance in Attracting Foreign Investments

Summary

Questions Identified

Full Transcript

Thomas Chua Kee Seng

Lim Hng Kiang

Summary

Questions Identified

EDB's Performance in Attracting Foreign Investments

Summary

Questions Identified

Full Transcript

Thomas Chua Kee Seng

Lim Hng Kiang

Summary

Questions Identified