The Business Times
business-time-50

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

    Galven Tan has resigned to pursue new opportunities, says Knight Frank Singapore. 

    Knight Frank Singapore CEO Galven Tan resigns after 2.5 years at helm

    National Development Minister Chee Hong Tat says: “The best way is for the government to shape behaviours with the judicious use of market-based incentives, where possible.”

    ABSD deadline extended to up to 7 years for developers of large en bloc sites to encourage reuse of land

    National Development Minister Chee Hong Tat noted that the public housing market has seen a moderation in resale flat prices over the past few quarters, following multiple rounds of cooling measures as resale prices surged.

    15-month wait-out curb lifted for private property owners buying HDB resale flats

    The income upgrade has rendered the Philippines “too wealthy” to qualify for the concessional foreign aid and development loans.

    Philippines’ income upgrade hides grim reality for most Filipinos

    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