SINGAPORE -- Investment pledges to Singapore from American, European and Chinese companies fell in 2023 from the previous year, government data showed on Tuesday, as the global economic downturn cast a shadow over business sentiment.
Total commitment falls 44% amid 'challenging' global environment

Singapore Economic Development Board Managing Director Jacqueline Poh, left, and Chairman Png Cheong Boon speak to reporters on Jan. 30. (Photo by Tsubasa Suruga)
SINGAPORE -- Investment pledges to Singapore from American, European and Chinese companies fell in 2023 from the previous year, government data showed on Tuesday, as the global economic downturn cast a shadow over business sentiment.