Question
Miss Cheryl Chan Wei Ling: To ask the Minister for Trade and Industry (a) whether he can provide a breakdown on the investments secured by Singapore from 2005-2020; (b) after the completion of these projects, what is their contribution of value-add per annum; (c) how many new jobs are created per year; and (d) what percentage of the jobs are manufacturing, research and development, and professional services in emerging sectors.
Written Answer by Minister for Trade & Industry Mr Chan Chun Sing
1. The Member may refer to the table below for the breakdown on investments, contribution of value-add and new jobs created per year.
|
Year |
Committed Fixed Assets Investments (FAI) (in S$ billions) |
Committed Total Business Expenditure (TBE) (in S$ billions) |
Estimated Value-Added per annum (in S$ billions) |
Committed Jobs Creation (in ’000) |
|
2005 |
9.4 |
5.2 |
10.8 |
26.1 |
|
2006 |
10.4 |
6.2 |
13.4 |
26.8 |
|
2007 |
17.2 |
6.1 |
11.6 |
28.6 |
|
2008 |
18.0 |
6.6 |
14.7 |
21.8 |
|
2009 |
11.8 |
5.7 |
12.5 |
21.9 |
|
2010 |
12.9 |
7.3 |
14.4 |
26.8 |
|
2011 |
13.7 |
7.3 |
15.5 |
23.2 |
|
2012 |
16.0 |
6.2 |
20.3 |
23.5 |
|
2013 |
12.1 |
7.8 |
16.7 |
25.3 |
|
2014 |
11.8 |
7.0 |
12.5 |
18.6 |
|
2015 |
11.5 |
5.6 |
12.3 |
16.8 |
|
2016 |
9.4 |
8.3 |
12.9 |
20.0 |
|
2017 |
9.4 |
6.5 |
17.2 |
22.5 |
|
2018 |
10.9 |
6.2 |
13.6 |
17.4 |
|
2019 |
15.2 |
9.0 |
29.4 |
32.8 |
|
2020 |
17.2 |
6.8 |
31.2 |
19.4 |
2. On average, about 23,000 jobs are created annually as a result of these committed investments, of which about 40% went to manufacturing, 20% to research, and 40% to Services, including Professional Services.