AMOUNTS OF FOREIGN INVESTMENTS (Manufacturing sector)
Parliament of Singapore · 13 February 2006
Official Report, 13 February 2006, Vol 80, Issue 17 · Open in the reader (summaries, search, filters)
AMOUNTS OF FOREIGN INVESTMENTS
**
(Manufacturing sector): **
5.
Mr Low Thia Khiang asked the Minister for Trade and Industry what is the amount of foreign investment committed to the manufacturing sector, by industry, on an annual basis from 1990 to date and what is the net foreign investment amount committed to the sector during the same period.
Mr Lim Hng Kiang: The main performance indicator that EDB tracks for the manufacturing sector is the level of manufacturing fixed asset investment (FAI) commitments from investor companies. EDB releases this investment commitment data through their annual Year-In-Review press conferences held every January. Please see Table 1.
** Table 1: Manufacturing FAI Commitments by Industry ($ billion) **
|
1990: |
1991: |
1992: |
1993: |
1994: |
1995: |
1996: |
1997: ---|---|---|---|---|---|---|---|---
Electronics
|
1.0
|
1.2
|
1.3
|
1.2
|
1.5
|
2.6
|
3.5
|
3.8
Chemicals
|
0.7
|
0.6
|
1.0
|
1.1
|
2.7
|
2.6
|
2.7
|
2.8
Biomedical Manufacturing
|
0.0
|
0.2
|
0.1
|
0.4
|
0.0
|
0.2
|
0.3
|
0.2
Precision Engineering
|
0.4
|
0.5
|
0.7
|
0.6
|
0.6
|
0.7
|
0.7
|
0.8
Transport Engineering
|
0.2
|
0.2
|
0.2
|
0.3
|
0.6
|
0.3
|
0.3
|
0.4
General Manufacturing Industries
|
0.2
|
0.2
|
0.2
|
0.3
|
0.4
|
0.4
|
0.6
|
0.5
Total
|
2.5
|
2.9
|
3.5
|
3.9
|
5.8
|
6.8
|
8.1
|
8.5
|
1998: |
1999: |
2000: |
2001: |
2002: |
2003: |
2004: |
2005: ---|---|---|---|---|---|---|---|---
Electronics
|
3.0
|
3.3
|
4.4
|
4.6
|
4.6
|
4.2
|
4.6
|
4.3
Chemicals
|
2.5
|
2.6
|
2.2
|
1.9
|
2.0
|
1.6
|
1.6
|
2.0
Biomedical Manufacturing
|
0.5
|
0.3
|
0.8
|
0.9
|
0.9
|
0.9
|
0.8
|
0.9
Precision Engineering
|
1.0
|
1.0
|
1.0
|
1.0
|
1.0
|
0.4
|
0.4
|
0.4
Transport Engineering
|
0.4
|
0.3
|
0.5
|
0.4
|
0.3
|
0.2
|
0.5
|
0.6
General Manufacturing Industries
|
0.4
|
0.5
|
0.3
|
0.4
|
0.2
|
0.2
|
0.4
|
0.3
Total
|
7.8
|
8.0
|
9.2
|
9.2
|
9.0
|
7.5
|
8.3
|
8.5
[Source: EDB annual Year-In-Review press statements]
The percentage of foreign investment commitments in the manufacturing sector has averaged about 75% from 1990 to 2005. But at the industry level, EDB does not differentiate between local and foreign sources as EDB aims to develop the industry as a whole.
Column: 2387
We understand "net" investment commitments to mean the gross amount of investment commitments less the investment commitments lost due to projects withdrawn or relocated during a certain period. However, it is not possible to comprehensively and systematically track all lost investment commitments as we are a free and open economy. Hence, this information requested is not available.
Column: 2387
Source: Singapore Parliament Official Report (Hansard) for 13 February 2006. Republished on SGParliament.