Alvin Tan on conditions for government support given to companies

The government has a suite of economic incentives and tools to attract investments and support companies to grow and to transform their businesses, and companies that receive government support are required to meet key outcomes such as job creation, local employment, business spending or fixed asset investment. Minister of State for Trade and Industry Alvin Tan said this in parliament on Tuesday (Mar 4) in his reply to an MP’s questions. He added that the level of support and conditions vary depending on the nature of the project and the government also has mechanisms to claw back subsidies from companies that fail to meet the imposed conditions. He also said that the government is unable to disclose details of agreements with individual companies due to confidentiality clauses and commercial sensitivities.