‘S’pore can weather economic slowdown’

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SIngapore: Trade-reliant Singa­pore is in a good position to ride out the global economy’s slowdown, with the government on track to meet its foreign investment targets this year despite mounting risks, Minister for Trade and Industry Chan Chun Sing announced.

Officials are “watching busines­ses’ investment decisions very closely,” Chan said in a speech in Parliament yesterday, with the government expected to revise its 2019 growth forecast range of 1.5%-2.5% in August.

The Economic Development Board is still on track to achieve its foreign investment targets for 2019, he said.

 

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