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

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    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”.

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    Foreign investmentEDBsustainability

    Copyright SPH Media. All rights reserved.

    Reuse this contentFeedback

    TRENDING NOW

    In this economy, the smartest bets might no longer be sitting an ocean away, but are waiting right here at home.

    ‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival

    Sales have rebounded in March after the year-end lull and seasonal Chinese New Year pullback.

    Near sell-out launches in March boost developer sales to 1,300 units after four slow months

    US President Donald Trump (left) with Chinese President Xi Jinping at a bilateral meeting on the sidelines of the Apec summit in Busan last October.

    China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result

    Lim's pay package includes about S$3.6 million as salary and around S$3.9 million as bonus, indicates the company's annual report.

    Genting Singapore’s Lim Kok Thay receives S$7.5 million pay package for FY2025

    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