COS 2021: Additional Buyer’s Stamp Duty Remission for Married Couples

Mr Chua Kheng Wee Louis (Sengkang): Chairman, with a 9% increase in private residential volumes in 2020 despite the absence of foreign buyers and despite COVID-19, the Singaporean aspirations of upgrading from public to private property is stronger than ever. Aspirations for better housing is particularly pertinent for residents aged 35 and below, with 73% aspiringContinue reading “COS 2021: Additional Buyer’s Stamp Duty Remission for Married Couples”

COS 2021: SGX Sustainability Reporting

Mr Leon Perera (Aljunied): Mr Chairman, the MAS-regulated Singapore Stock Exchange currently has a “comply and explain” policy on sustainability reporting for its listed companies, which was first announced in 2016. It presents a range of internationally accepted standards which companies are encouraged to choose and follow, but are not mandatory. This has resulted inContinue reading “COS 2021: SGX Sustainability Reporting”

COS 2021: Sovereign Wealth Funds and Green Investments

Mr Leon Perera: Mr Chairman, I am heartened by the growing passion and quality of debate inside and outside this House regarding our climate challenges. Our sovereign wealth funds as global players should rightfully play a leading role in the effort to decarbonise. We could kickstart this by having our Sovereign Wealth Funds (SWF) adopt theContinue reading “COS 2021: Sovereign Wealth Funds and Green Investments”

COS 2021: Reserves Draw-downs

Mr Leon Perera (Aljunied): Mr Chairman, the reserves consist of various classes of assets held by Temasek, GIC and the MAS, if we are to exclude land banks. During typical economic crises some asset value such as equities may fall on the whole. This is fairly typical. If a result draw-down is financed by liquidating assetsContinue reading “COS 2021: Reserves Draw-downs”

COS 2021: Performance of Sovereign Wealth Funds

Mr Leon Perera (Aljunied): Mr Chairman, Temasek and GIC, no doubt compare their performance against various global market indices and other standards of performance internally. It would be useful for these Sovereign Wealth Funds (SWFs) to publish these comparisons in the analysis for the reasons for better assessment of their performance. In fact, it wouldContinue reading “COS 2021: Performance of Sovereign Wealth Funds”

COS 2021: National Research Foundation

Mr Leon Perera (Aljunied): The National Research Foundation is responsible for directing a huge amount of Government spending. The Research Innovation and Enterprise RIE 2025 Plan announced in December 2020 plans for investments of $25 billion between 2021 and 2025. In other countries, we do hear anecdotally how government-supported R&D initiatives help seed IP toContinue reading “COS 2021: National Research Foundation”

COS 2021: Case for an Independent Fiscal Council

Assoc Prof Jamus Jerome Lim (Sengkang): Chairman, fiscal councils are agencies staffed by professional civil servants which evaluate policy proposals to provide budgetary implications. To-date, there almost 40 fiscal councils worldwide concentrated among advanced economies. Some are comparatively older. The Netherlands Bureau for Economic Policy Analysis dates back to just after the end of theContinue reading “COS 2021: Case for an Independent Fiscal Council”

COS 2021: Option for PIN-only Bank Cards

Mr Dennis Tan Lip Fong (Hougang): Mr Chairperson, there has been a concerted effort to educate and encourage all seniors to go digital. While such projects, like Seniors Go Digital and Hawkers Go Digital, are highly commendable, there must be the awareness of the gap between the availability of technology and the people using it. ContactlessContinue reading “COS 2021: Option for PIN-only Bank Cards”