Business Cost Spending of Infocomm Sector on Singapore-registered Businesses and Singaporeans in 2022
Ministry of Trade and IndustrySpeakers
Transcript
8 Ms See Jinli Jean asked the Deputy Prime Minister and Minister for Trade and Industry in respect of the business cost structure of the Information and Communications Sector in 2022 cited in the Economic Survey of Singapore 2023, what is the percentage of such business cost spending on (i) Singapore-registered businesses for the item "Professional Services" and (ii) Singaporeans for the item "Contract labour and work given out".
Mr Gan Kim Yong: In the information and communications sector, business expenditure on "Professional Services" and "Contract labour and work given out" accounted for 13.5% and 6.0% of the businesses' total operating costs, respectively, in 2022. A breakdown of these two cost components by types of suppliers is not available.