NEW INDUSTRIES ESTABLISHED FROM 1-1-68 TO 31-10-68 (Particulars)

Parliament of Singapore · 13 December 1968 · 2nd Parliament

Official Report, 13 December 1968, Vol 28, Issue 4 · Open in the reader (summaries, search, filters)

Tang See ChimTeong Eng Siong
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Mr Teong Eng Siong asked the Minister for Finance (a) how many new industries have been established during the period 1st January, 1968 to 31st October, 1968, and what is the total capital investment; and (b) how many workers are employed by those industries.

Mr Tang See Chim (for the Minister for Finance): Mr Speaker, Sir, the Economic Development Board survey, which covers all pioneer firms in Singapore and only those non-pioneer firms in Jurong, indicates the following situation for the period from 1st January to 31st October, 1968.

Since the beginning of this year, 120 new factories were established, consisting of 61 pioneer firms and 59 non-pioneer firms in Jurong. Of these, 56, that is, 33 pioneer and 23 non-pioneer firms in Jurong, have already started production/operation. The remaining 28 pioneer and 36 Jurong non-pioneer firms are in various stages of implementation.

As at October, 1968, the 56 firms in production had a total fixed capital investment of $56.3 million, and employed 3,679 workers.

Source: Singapore Parliament Official Report (Hansard) for 13 December 1968. Republished on SGParliament.