Skip to main content
A Singapore Government Agency Website How to identify
Official website links end with .gov.sg
Secure websites use HTTPS
Look for a lock () or https:// as an added precaution. Share sensitive information only on official, secure websites.
Government officials will never ask you to transfer money or disclose bank log-in details over a phone call.

Call the 24/7 ScamShield Helpline at 1799 if you are unsure if something is a scam.

Ministry of Trade and Industry
3. Parliamentary replies

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

19 September 2023

This article has been migrated from an earlier version of the site and may display formatting inconsistencies.

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.