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Parliamentary Replies

Total Contract Value and Number of Singaporeans Employed by China- and India-Headquartered Companies and Subsidiaries in Finance, ICT and Professional Services Engaged by Government as Contractors

02 Aug 2021
Parliamentary Question by Ms Hazel Poa:

To ask the Minister for Finance (a) how many China- and India-headquartered companies and subsidiaries of such companies in the finance, ICT and professional services sectors are currently engaged by the Government as contractors; (b) what is the total value of these contracts; and (c) what is the number of Singaporeans employed by these companies.

Parliamentary Reply by Minister for Finance, Mr Lawrence Wong:

Government procurement is conducted according to the principles of transparency, open and fair competition. Contracts are awarded to suppliers who are best able to meet the requirements published in each call for tender and achieves value-for-money, regardless of nationality of their headquarters. We do not track the headquarter locations of our suppliers or their parent companies.

In 2020, Government engaged more than 1,400 suppliers for ICT, finance and other professional services, of which 86% are located in Singapore. These entities won about 97% of the approximately $1.5 billion contract value awarded by Government for these services. The Ministry of Manpower (MOM) publishes statistics on the number of employed residents by industry sector in the Labour Force in Singapore reports which are published annually and available publicly on MOM’s website.