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Minister Lim’s reply on whether investor confidence and the international reputation of Singapore have been affected by the escape of Mas Selamat

21 April 2008

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Question No. 569 of Notice paper No. 79 of 2008

Name and Constituency of Member of Parliament
Mr Low Thia Khiang (Member of Parliament for Hougang)

Question
To ask the Minister for Trade and Industry whether investor confidence and the international reputation of Singapore have been affected by the escape of Mas Selamat.

Answer
The Mas Selamat issue has not been raised as a concern in EDB’s interactions with existing and potential investors. Investor confidence in Singapore has been built up over time, based on our successful track record of getting things done.

While the Mas Selamat escape is a serious security lapse, analysts such as PERC, are confident that the Singapore Government and its institutions will learn valuable lessons from this and change the way we do things.


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