Singapore's investment pledges from U.S., China dropped in 2023

Total commitment falls 44% amid 'challenging' global environment

20240130 Singapore Economic Development

Singapore Economic Development Board Managing Director Jacqueline Poh, left, and Chairman Png Cheong Boon speak to reporters on Jan. 30. (Photo by Tsubasa Suruga)

TSUBASA SURUGA, Nikkei staff writer

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.

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