While corporate expenditure dropped moderately in 2002, the number of IT-related jobs saw a much steeper plunge. In all, 2,300 jobs are expected to result from tech investments last year, down almost 50 percent from the previous year. The employment nose-dive is a reflection of current business conditions, said Quek Swee Kuan, a director at EDB. "Companies find it challenging to achieve top-line growth and continue to focus on cost efficiencies," Quek said.
CNETAsia's Winston Chai reported from Singapore.
To read the full story, visit CNETAsia.