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Singapore investment inflow remains intact despite weaker demand

City needs 'right balance' of foreign workers, chair of development board says

Beh Swan Gin, chairman of Singapore's Economic Development Board, is seeking the understanding of Japanese and other companies as the city-state cuts back on foreign workers who are not highly skilled. (Photo by Toru Takahashi)

TOKYO -- 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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