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Written reply to PQ on Effects of Industrial Light Magic’s Decision to End Singapore Operations

19 September 2023

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Question


Mr Chua Kheng Wee Louis: To ask the Minister for Trade and Industry with regard to the decision by Industrial Light & Magic to end its operations in Singapore (a) what is the expiry date of the tax incentive schemes granted to the company; and (b) whether the Ministry has the number of Singaporean and non-Singaporean staff that are expected to be made redundant and, if so, what are these numbers.


Written Answer by Minister for Trade and Industry Gan Kim Yong


1. Industrial Light & Magic has not been awarded any tax incentive.


2. The company’s closure is expected to affect more than 300 employees, about two-thirds of whom are locals. EDB and WSG are working with the company to help affected employees seek alternate employment opportunities.

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