Japanese capital

Legislative Assembly of Singapore · 24 July 1963 · 2nd Legislative Assembly

Official Report, 24 July 1963, Vol 21, Issue 1 · Open in the reader (summaries, search, filters)

Wednesday, 24th July, 1963

Mr David Marshall asked the Minister for Finance (a) the amount of Japanese capital invested in Singapore and the names of the firms in which such capital is invested (i) between 1956 and 31st May, 1959, and (ii) between 1st June, 1959, and 30th June, 1963; (b) the extent of Japanese capital invested in Singapore in joint-venture firms (in which local capital is also invested), the extent of the local capital invested in these firms, and the number of firms involved; and (c) the number of Japanese firms in Singapore working exclusively on Japanese capital, and the extent of such capital.

Mr K. M. Byrne: (a) The amount of Japanese capital invested in Singapore and the names of the firms in which such capital is invested (i) Between 1956 and 31st May, 1959 $1,200,000. Singapore Cement Industrial Co. Ltd. (ii) Between 1st June, 1959 and 30th June, 1963 $54,094,000. New Oriental Navigation Co. Singapore Cement Manufacturing Co. Ltd. Simalpan Steel Industry Ltd. Diawa (Malaya) Ltd. Jurong Shipyard Ltd. Maruzen Toyo Oil Co. (S) Ltd.

(b) The extent of Japanese capital invested in Singapore in joint-venture firms (in which local capital is also invested), the extent of the local capital invested in these companies and the number of firms involved.

Japanese capital invested in joint-venture firms amounts to $15,294,000 - local capital involved in these ventures amounts to $10,421,000. There are altogether six such Japanese joint-venture firms in Singapore.

There is only one Japanese firm in Singapore working exclusively on Japanese capital and the extent of such capital amounts to $40,000,000.

Source: Singapore Parliament Official Report (Hansard) for 24 July 1963. Republished on SGParliament.