CIMB economist Song Seng Wun said yesterday:"These are encouraging signs, especially in the technology and chemicals sectors."
That the top foreign investors continue to be the United States and Europe is not surprising, said Mr Song. Technology company Micron, social media giant Facebook and British home appliance-maker Dyson are just a few of the prominent companies that have set up shop here. New fixed-asset investment comes at a crucial time, given that Singapore needs a capital expenditure boost to cushion the export downturn.
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