Singapore's fixed asset investment commitments rose by 5.2% to SG$14.2 billion in 2025, compared to SG$13.5 billion a year earlier, according to data released by EDB Singapore on Monday.

Meanwhile, total business expenditure was up 6% year over year to SG$8.9 billion, the data showed.

The numbers were backed by a sharp influx of Chinese companies who moved their business to the city-state amidst growing geopolitical tensions between Beijing and Washington.

China accounted for around 20.6% of fixed asset commitments, ahead of the US with 17.3%. In 2024, the US accounted for around 55.5% of fixed asset commitments compared to China's 2.5%.

Meanwhile, Digital Industry Singapore secured around 60 AI Centres of Excellence during the period, which also included the launch of the Enterprise Compute Initiative with Google, Amazon Web Services, Microsoft and Oracle.

The manufacturing sector contributed around SG$12.1 billion in fixed asset commitments, backed by new semiconductor manufacturing plants.

The number of jobs, on the other hand, fell by 16% to 15,700, compared to 18,700 in 2024.

According to EDM Chairman Png Cheong Boon, the drop in jobs created was affected by rapid technological advancements, with companies in a position to get more work done with a smaller workforce.