US welcomes rise in Singapore investments
They have risen to US$26.2b in 2012 from just US$2.2b in 2003
ONE of the top economic officials in the Obama administration has said that Washington welcomes Singapore's increased investments in the United States, which have soared more than 10-fold in the space of a decade.
Commerce Secretary Penny Pritzker made this point in her first meeting here with Prime Minister Lee Hsien Loong on Monday (Tuesday morning, Singapore time).
Mr Lee is in the US capital for the first leg of his week-long working visit to the US, which includes a stop in New York City.
Latest figures from the US Department of Commerce's Bureau of Economic Analysis show that Singapore's investments in the country have gone up nearly 11 times to US$26.2 billion in 2012, from just US$2.2 billion in 2…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
New Articles
Vietnam holds first gold auction in 11 years to stabilise market
How Hudson Yards went from ghost town to office success story
Hot stock: Nanofilm jumps 13.1% amid heavy trading on improved Q1 results
Singapore banks lead market surge again on easing Middle East tensions; STI up 1%
Gazelle Ventures makes cash offer for No Signboard shares at S$0.0021 apiece
Cordlife calls for trading halt after shares sink to all-time low, pending announcement