Investments in S'pore chemical sector still strong

[SINGAPORE] The Republic continues to see a steady flow of investments into the chemical industry, including from Japanese companies.

Despite some major names which shut down their Singapore operations recently and culled several hundred jobs in the process, there is still a net job creation here because of the many new investments that have come in, Economic Development Board (EDB) chairman Leo Yip said yesterday.

Nearly 2,000 jobs were created in the last two years in Singapore's energy and chemical industry and more than 1,500 new jobs are expected to be created from 2014 to 2016.