Mr Leong Mun Wai: To ask the Minister for Trade and Industry (a) since 2004, how many persons have been granted permanent residency under the Global Investor Programme; (b) what is the total amount of Assets Under Management invested under the Global Investor Programme (GIP); (c) how many GIP funds have been set up to date; and (d) how many of such GIP funds have returned less than 70% of the original.
Mr Leong Mun Wai: To ask the Minister for Trade and Industry since 2004, what is the estimated number of (i) jobs and (ii) total business spending created by Options A and B of the Global Investor Programme respectively.
Written Answer by Minister for Trade and Industry Gan Kim Yong
1. We had shared in Parliament on 23 February 2023 (i) the number of individuals accorded permanent residency through the Global Investor Programme (GIP), and (ii) the investment, total business expenditure figures, and jobs generated by GIP investors via the more than 40 approved funds under the scheme.
2. We do not actively track the investment returns to the individual funds.