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Investors still interested despite Covid-19; Singapore cannot afford to turn inwards: PM Lee

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EVEN in this depressed economic climate, where some companies are consolidating and laying off workers, many investment projects want to come to Singapore, said Prime Minister Lee Hsien Loong in Parliament on Wednesday, adding that the Economic Development Board's (EDB) pipeline is in fact higher this year compared with last year. Read more at The Business Times.

Mr Lee also noted that several Fortune 500 companies are considering moving their regional HQs to Singapore because of political uncertainties, while major financial institutions want to grow their operations in Singapore.

This is because Singapore does not have the full complement of expertise for all these types of work and because regional and global HQs, by design, need to draw talent from around the world and be run by international teams.

 

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