"We had a very good momentum coming into 2020 from 2019," said EDB chairman Beh Swan Gin.
Some $17.2 billion in fixed asset investments (FAI) were made in Singapore last year, far exceeding the $8 to $10 billion that had been forecast, the republic’s Economic Development Board (EDB) revealed in a virtual year-in-review briefing on 20 Jan.
Interestingly, 2020 generated the highest FAI investment commitment in the decade spanning from 2011 to 2020.
