Question
Mr Gan Thiam Poh: To ask the Minister for Trade and Industry (a) what has been the total tax revenue generated by the biomedical manufacturing sector for the past five years; (b) what is the sector's percentage of tax revenue contribution relative to other industrial sectors; (c) what is the total number of workers employed and the average wage per worker in the biomedical sector; and (d) what is the average wage per worker for each industrial sector.
Mr Gan Thiam Poh: To ask the Minister for Trade and Industry (a) what has been the total tax revenue generated by the biomedical manufacturing sector for the past five years; (b) what is the sector's percentage of tax revenue contribution relative to other industrial sectors; (c) what is the total number of workers employed and the average wage per worker in the biomedical sector; and (d) what is the average wage per worker for each industrial sector.
Written Reply by Minister for Trade and Industry, Mr Lim Hng Kiang
Total tax revenue from the biomedical manufacturing sector for the past five years amounted to about $2.8 billion, or about 28% of total tax revenue from the manufacturing sector. In 2010, the sector employed close to 14,000 people with an average annual remuneration of about $61,000, about 40% higher than the overall manufacturing average annual remuneration.