• Short Summary

    ACCORDING TO SOME JAPANESE BUSINESSMEN, THE REPUBLIC OF SINGAPORE HAS THE POTENTIAL TO BECOME ONE OF THE GREAT TRADING NATIONS IN JAPANESE INVESTMENT IN THE SMALL ISLAND SITE -- JAPAN HAS NOW EMERGED AS THE LARGEST CAPITAL INVESTOR IN SINGAPORE.

  • Description

    ACCORDING TO SOME JAPANESE BUSINESSMEN, THE REPUBLIC OF SINGAPORE HAS THE POTENTIAL TO BECOME ONE OF THE GREAT TRADING NATIONS IN JAPANESE INVESTMENT IN THE SMALL ISLAND SITE -- JAPAN HAS NOW EMERGED AS THE LARGEST CAPITAL INVESTOR IN SINGAPORE.

    IMPETUS HAS BEEN GIVEN TO TRADE BETWEEN SINGAPORE AND JAPAN BY THE PLANNED WITHDRAWAL OF ALL BRITISH FORCES FORM SINGAPORE IN THE NEXT FEW MONTHS. JAPANESE MONEY AND TECHNOLOGY HAS FOUND WORK FOR MANY SINGAPORE PEOPLE WHO WOULD OTHERWISE HAVE BEEN UNEMPLOYED WHEN BRITAIN'S MILITARY WITHDRAWAL WAS COMPLETE.

    APART FROM CAPITAL INVESTMENT, JAPAN IS AN IMPORTANT TRADING PARTNER WITH SINGAPORE, ALTHOUGH THE BALANCE OF TRADE FAVOURS JAPAN. IN 1968 JAPANESE EXPORTS TO SINGAPORE TOTALLED 690-MILLION SINGAPORE DOLLARS (GBP94-MILLION STERLING) WHILE SINGAPORE'S EXPORTS TO JAPAN WERE WORTH 270 MILLION SINGAPORE DOLLARS (GBP37-MILLION STERLING). ONLY FIVE YEARS AGO THESE TRADE FIGURES WERE HALF THEIR EXISTING TOTAL.

    SINGAPORE, WITH A POPULATION OF ONLY TWO MILLION, HAS CAMPAIGNED VIGOROUSLY TO ATTRACT OVERSEAS INVESTORS TO THE REPUBLIC. THIRTY OF THE 130 COMPANIES WITH FOREIGN CAPITAL INVESTMENT IN SINGAPORE ARE JAPANESE, AND MANY OF THE VENTURES ARE JOINT OPERATIONS, WITH THE INVESTORS AND THE SINGAPORE GOVERNMENT SHAREHOLDERS. A TYPICAL JOINT ENTERPRISE IS THE JURONG SHIPYARD, ESTABLISHING SEVEN YEARS AGO ON A FIFTY-FIFTY BASIS BY THE SINGAPORE GOVERNMENT AND THE JAPANESE SHIPBUILDING COMPANY OF ISHIKAWAJIMA-HARIMA HEAVY INDUSTRIES.

    THE SHIPYARD REPAIRS UP TO 250 SHIPS A YEAR, AND ANOTHER SHIPYARD IS BEING DEVELOPED NEARBY WHERE SHIPS OF UP 75-THOUSAND TONS WILL BE BUILT.

    OTHER LARGE JAPANESE INVESTORS IN SINGAPORE ARE THE BRIDGESTONE TYRE COMPANY (MANUFACTURING 50-THOUSAND TYRES A MONTH), THE SANYO ELECTRONICS ORGANISATION (PRODUCING AIR CONDITIONERS AND OTHER ELECTRONIC GOODS) AND A TEXTILE COMPANY SPECIALISING, IN SINGAPORE, IN THE MANUFACTURE OF SOCKS.

    JAPANESE CAPITAL INVESTMENT IN SINGAPORE AMOUNTS TOO 33-MILLION SINGAPORE DOLLARS (NEARLY GBP4 1/2-MILLION STERLING). HOWEVER, JAPANESE INVESTMENT HAS HAD ANOTHER EFFECT -- INDUSTRIES FROM OTHER NATIONS HAVE ESTABLISHED COMPANIES IN SINGAPORE TO SECURE A SHARE OF AN INCREASINGLY LUCRATIVE MARKET BEING OFFERED BY THE COUNTRY.

    SYNOPSIS:
    SINGAPORE ... FOR MORE THAN A CENTURY A BRITISH COLONY AND BASTION OF THE CROWN IN SOUTH EAST ASIA. TODAY IT IS AN INDEPENDENT NATION OF TWO MILLION PEOPLE, AND AN EXPANDING COMMERCIAL AND INDUSTRIAL CENTRE OF SOUTH EAST ASIA. IT WAS OCCUPIED ONLY ONCE--JAPANESE FORCES INVADED THE SMALL STATE DURING WORLD WAR TWO AND HELD IT FOR MORE THAN THREE YEARS. THROUGHOUT SINGAPORE TODAY EVIDENCE REMAINS OF THAT PERIOD OF OCCUPATION.

    THE HOSTEL OF THE Y.M.C.A. AGAIN GIVES SHELTER TO MEN OF ALL NATIONALITIES. IN WARTIME IT SERVED AS HEADQUARTERS FOR THE JAPANESE SECURITY POLICE.

    A PROMINENT CITY LANDMARK -- THE MEMORIAL TO THE HUNDREDS OF CIVILIANS WHO PERISHED DURING THE YEARS OF WORLD CONFLICT.

    BUT IN SINGAPORE THE EVENTS OF TWENTY YEARS AGO ARE BEING PUSHED INTO THE BACKGROUND, AND THE JAPANESE HAVE RETURNED, ONLY ON THIS OCCASION TO ASSIST SINGAPORE'S PLANNED INDUSTRIAL AND CAPITAL EXPANSION.

    ACCORDING TO SOME JAPANESE BUSINESSMEN, THE REPUBLIC OF SINGAPORE HAS THE POTENTIAL TO BECOME ONE OF THE GREAT TRADING NATIONS OF SOUTH EAST ASIA. THE JAPANESE HAVE MATCHED THEIR CONFIDENCE BY INVESTMENT IN SINGAPORE. TRADE BETWEEN THE TWO NATIONS HAS EXPANDED RAPIDLY IN FIVE YEARS, AND IN 1968 SINGAPORE IMPORTER FROM JAPAN GOODS WORTH 690-MILLION SINGAPORE DOLLARS (GBP94-MILLION STERLING). SINGAPORE'S EXPORTS OF JAPAN TOTALLED 270-MILLION SINGAPORE DOLLARS (GBP37-MILLION STERLING). SOME OF THE IMPORTS ARE RAW MATERIALS TO SERVE FACTORIES BUILT IN SINGAPORE BY JAPANESE COMPANIES.

    TOURIST TRADE IS ANOTHER WAY IN WHICH SINGAPORE AND JAPAN ARE STRENGTHENING THEIR TIES. LAST YEAR MORE THAN 15-THOUSAND JAPANESE TOURISTS VISITED SINGAPORE IMPETUS HAS BEEN GIVEN TO TRADE BETWEEN SINGAPORE AND JAPAN BY BRITAIN'S PROPOSED MILITARY WITHDRAWAL FROM SINGAPORE IN THE NEXT FEW MONTHS. SINCE THE PLAN TO WITHDRAW WAS ANNOUNCED SINGAPORE HAS CAMPAIGNED VIGOROUSLY TO ATTRACT FOREIGN INVESTORS TO THE ISLAND. JAPAN IS NOW THE LARGEST CAPITAL INVESTOR IN SINGAPORE, OWNING THIRTY OF THE 130 FOREIGN-FINANCED FACTORIES IN THE ISLAND.

    SINGAPORE IS THE MAJOR DUTY FREE PORT OF THE WORLD, AND A VALUABLE OUTLET FOR GOODS FROM MANY LANDS. HOWEVER, JAPANESE GOODS NOW DOMINATE THE SHOPS OF SINGAPORE, AND THE DUTY FREE TRADE IN JAPANESE ARTICLES IS WORTH MILLIONS OF DOLLARS A YEAR TO JAPANESE INDUSTRY, AND SINGAPORE.

    BUT NOT ALL THE GOODS SOLD IN SINGAPORE ARE LUXURY ITEMS -- A RECENT TRADE FAIR ORGANISED BY JAPANESE INDUSTRIES GAVE EMPHASIS TO THE INDUSTRIAL AND PRECISION MACHINERY BEING PRODUCED IN JAPAN.

    THE JAPANESE INDUSTRIES IN SINGAPORE ARE MAINLY ESTABLISHED ON A NEW INDUSTRIAL ESTATE AT JURONG, 12 MILES (20 K.M.) WEST OF THE CITY. THE INDUSTRIAL ACTIVITIES OF THE JAPANESE INVESTOR ARE DIVERSE. THIS PLANT MANUFACTURE 50-THOUSAND TYRES A MONTH, OF WHICH MORE THAN TWO THIRDS ARE EXPORTED TO MARKETS IN SOUTH EAST ASIA, AFRICA, THE MIDDLE AND NEAR EAST, AND EASTERN EUROPE.

    CONDITION FAVOURING INVESTMENT IN SINGAPORE ACCORDING TO THE JAPANESE, ARE THE AVAILABILITY OF LABOUR, THE LONG TERM POTENTIAL FOR EXPANSION AND THE ASSISTANCE GIVEN TO INVESTORS BY THE SINGAPORE GOVERNMENT. IN MANY CASES THE SINGAPORE GOVERNMENT HAS A SHARE IN FOREIGN-OWNED ENTERPRISES.

    APART FROM EXPERTS IN VARIOUS SPECIALIZED FIELDS, THE JAPANESE ARE EMPLOYING LOCAL LABOUR, AND IN MANY CASES PROVIDING TECHNICAL TRAINING FOR SINGAPOREANS. THE JAPANESE HAVE ABSORBED A LARGE NUMBER OF PEOPLE WHO MIGHT OTHERWISE HAVE FACED UNEMPLOYMENT WHEN BRITAIN'S MILITARY WITHDRAWAL IS COMPLETE. AGAIN THE SINGAPORE GOVERNMENT HAS ASSISTED -- BY THE INTRODUCTION OF A LAW RESTRICTING STRIKE ACTION. THE LAW WAS ENACTED TO AID SINGAPORE'S INDUSTRIALIZATION.

    THE LARGEST SINGLE JAPANESE INVESTMENT IN SINGAPORE -- THE JURONG SHIPYARD. ESTABLISHED IN 1962, IT IS JOINTLY OWNED BY THE SINGAPORE GOVERNMENT AND ISHIKAWA-JINA-HARIMA HEAVY INDUSTRIES. EACH YEAR 250 SHIPS ARE REPAIRED AT THE YARD, AND ANOTHER YARD IS BEING BUILT NEARBY WHERE SHIPS OF UP TO 75-THOUSAND TONS WILL BE CONSTRUCTED WORKERS AT THE SHIPYARD ARE SENT TO JAPAN FOR TRAINING.

    JAPANESE CAPITAL INVESTMENT IN SINGAPORE TO DATE AMOUNTS TO MORE THAN 33-MILLION SINGAPORE DOLLARS (GBP4 1/2-MILLION STERLING), WITH LIMITED DEMAND ON SINGAPORE IN TERMS OF FACILITIES. THIS IS A JAPANESE SCHOOL ESTABLISHED FOR THE CHILDREN OF JAPANESE BUSINESSMEN RESIDENT IN SINGAPORE. A DECADE AGO SUCH A SCHOOL WOULD NOT HAVE EXISTED, BUT IN THE NEXT DECADE, IF TRENDS CONTINUE, MORE AND MORE CHILDREN OF JAPANESE BUSINESSMEN MAY SPEND THEIR EARLY YEARS IN SINGAPORE.

  • Tags

  • Data

    Film ID:
    VLVA9YVT992EOSAINJ77JKGPQR0Q4
    Media URN:
    VLVA9YVT992EOSAINJ77JKGPQR0Q4
    Group:
    Reuters - Including Visnews
    Archive:
    Reuters
    Issue Date:
    06/05/1969
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Colour
    Duration:
    00:06:46:00
    Time in/Out:
    /
    Canister:
    N/A

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