IN FOCUS: 'No room for complacency' as fight for global investments heats up. What can Singapore do?

Singapore’s well-established advantages, ranging from political and economic stability to developed infrastructure, will continue to give it an edge, but the country needs to be “nimble” to ward off rising competition for investments, experts say.

SINGAPORE: Surrounded by lawmakers and business leaders, United States President Joe Biden was all smiles as he signed into law what he called “a once-in-a-generation investment in America” on the morning of Aug 9, 2022.

A rare major foray into US industrial policy, the Chips and Science Act was a spending package that would devote US$52 billion to scientific research and American production of semiconductors.