The Business Times
business-time-50
SUBSCRIBERS

Sustainability concerns will shape Singapore’s priorities in attracting investments: EDB chairman

Carbon-intensive manufacturing investments, for instance, will not be suitable

Summarise
google-preferred-sourceAdd BT as a preferred source
Sharon See

Sharon See

Published Mon, Feb 10, 2025 · 12:00 PM
    • While EDB hopes to draw investments that are “knowledge and innovation intensive”, such projects must not only be in “key sectors that have high growth opportunities”, but also be aligned with the transition to a low-carbon economy, says EDB chairman Png Cheong Boon.
    • While EDB hopes to draw investments that are “knowledge and innovation intensive”, such projects must not only be in “key sectors that have high growth opportunities”, but also be aligned with the transition to a low-carbon economy, says EDB chairman Png Cheong Boon. PHOTO: YEN MENG JIIN, BT

    THE Republic’s priorities in attracting investments are being reshaped by the city-state’s sustainability commitments, said Singapore Economic Development Board (EDB) chairman Png Cheong Boon in a recent interview.

    “As we work towards our net-zero targets, it means that investments that are less sustainable would not be suitable for Singapore,” he told The Business Times.

    Singapore is committed to peaking national carbon emissions by 2030 and achieving net-zero emissions by 2050, he noted. This means companies here “must also embrace greater sustainability and move towards having a lower carbon footprint”.

    Foreign investmentEDBsustainability

    TRENDING NOW

    Longest-serving chief minister Taib Mahmud’s legacy looms large over Sarawak as a family feud over his estate threatens to expose skeleton’s in the eastern state’s political closet.

    On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart

    Thailand’s target is to export seven million tonnes of rice globally in 2026, but the Middle East war has turned the world topsy-turvy with supply disruptions, high oil prices and economic uncertainty.

    Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why

    Senior Minister of State for Digital Development and Information Tan Kiat How said the government is working with partners who have access to Anthropic's Mythos to understand its capabilities.

    MAS convenes bank CEOs over AI cyberthreats; boards told to own risks, not leave to IT teams

    Electric vehicles and the changed dynamics of mainstream and luxury car segments mean Certificates of Entitlement should not be used to classify cars.

    Is it time to scrap COE categories for cars? 

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More