Mr Pritam Singh (Aljunied): The headlines last month rang loud and clear. By the end of 2025, Housing and Development Board (HDB) resale prices are set to rise for a record 23-quarters. That will see close to six consecutive years of resale prices going up and further up. HDB resale prices jumped 12.7% in 2021, 10.4%Continue reading “Land for Public Housing”
Category Archives: Ministry of Finance
Rethinking CDC Voucher Scheme
Mr Chua Kheng Wee Louis (Sengkang): Lastly, on rethinking the CDC Voucher Scheme. In my 2024 and the recent 2025 Budget debate speeches, I highlighted that while the CDC Vouchers Scheme has provided some support for Singaporeans amidst the high cost of living, the support rendered is broad-based, with low-income households receiving the same payout as thatContinue reading “Rethinking CDC Voucher Scheme”
GST Concession to Hotels and Restaurants
Mr Chua Kheng Wee Louis (Sengkang): Singaporeans compare prices to get the best value for money for their purchases and to better manage the cost of living. According to the 2023 Household Expenditure Survey, about 16% of Singaporeans’ monthly expenditure is on food and beverage (F&B) services. Unfortunately, it is more complicated to compare prices when eatingContinue reading “GST Concession to Hotels and Restaurants”
Sovereign Wealth Fund Transparency
Mr Chua Kheng Wee Louis (Sengkang): Chairman, the reason for my cut on Sovereign Wealth Funds (SWF) transparency is simple. We must demand better standards from the investment managers managing our reserves and take the lead in transparency, accountability and governance standards, as these involve the stewardship of public monies for all Singaporeans, not just itsContinue reading “Sovereign Wealth Fund Transparency”
Progressive Wage Credit Scheme
Ms He Ting Ru (Sengkang): Mr Chairman, the Progressive Wage Model (PWM) has benefited many lower-wage Singaporean workers. We support this as workers deserve to be paid living wages. However, I have some questions today about the long-term sustainability of the Progressive Wage Credit Scheme (PWCS) in the context of our overall economy and what MOF’sContinue reading “Progressive Wage Credit Scheme”
PLANS ON REVISING QUALIFICATION THRESHOLD OF $1 MILLION FOR GST REGISTRATION BY COMPANIES
Assoc Prof Jamus Jerome Lim asked the Prime Minister and Minister for Finance in light of the increased rates of inflation experienced over the past few years, whether there are plans to revise the qualification threshold of $1 million for GST registration. Mr Chee Hong Tat: At the Committee of Supply debate on 28 February 2024, IContinue reading “PLANS ON REVISING QUALIFICATION THRESHOLD OF $1 MILLION FOR GST REGISTRATION BY COMPANIES”
GOVERNMENT’S CURRENT CUMULATIVE FISCAL POSITION AND INCLUSION OF SPECIAL TRANSFERS IN GOVERNMENT BUDGETS
Mr Chua Kheng Wee Louis asked the Prime Minister and Minister for Finance (a) what is the current cumulative fiscal position of the current term of Government; and (b) whether this includes the full amounts of special transfers, including top-ups to endowment and trust funds as allocated in annual Government budgets. Mr Lawrence Wong: The Overall FiscalContinue reading “GOVERNMENT’S CURRENT CUMULATIVE FISCAL POSITION AND INCLUSION OF SPECIAL TRANSFERS IN GOVERNMENT BUDGETS”
REGULATORY ASSESSMENT OF ALLIANZ INSURANCE’S PLANNED ACQUISITION OF INCOME INSURANCE
Mr Pritam Singh (Aljunied): Thank you, Mdm Deputy Speaker. Just a few questions for the Minister. This pertains to the second thrust of his original reply, which was on the subject of Singaporeans’ access to affordable insurance products. Both my questions pertain to what has happened over the last 24 hours. The first pertains toContinue reading “REGULATORY ASSESSMENT OF ALLIANZ INSURANCE’S PLANNED ACQUISITION OF INCOME INSURANCE”
REGULATORY ASSESSMENT OF ALLIANZ INSURANCE’S PLANNED ACQUISITION OF INCOME INSURANCE
Ms He Ting Ru asked the Prime Minister and Minister for Finance (a) what is MAS’ assessment of the impact of the planned acquisition of Income Insurance Ltd by Allianz Insurance on the social mission of Income Insurance Ltd in providing affordable and well-structured insurance products for Singaporeans; and (b) what avenues and measures are available forContinue reading “REGULATORY ASSESSMENT OF ALLIANZ INSURANCE’S PLANNED ACQUISITION OF INCOME INSURANCE”
TAX AVOIDANCE CASES FOUND AND AMOUNTS CLAWED BACK UNDER “99-TO-1” ARRANGEMENT FOR PROPERTY PURCHASES
Ms He Ting Ru asked the Deputy Prime Minister and Minister for Finance with regard to the “99-to-1” arrangement for payment of stamp duty in a property purchase (a) how many audits have been conducted to date; (b) how many tax avoidance cases has the Inland Revenue Authority of Singapore (IRAS) found; (c) what is theContinue reading “TAX AVOIDANCE CASES FOUND AND AMOUNTS CLAWED BACK UNDER “99-TO-1” ARRANGEMENT FOR PROPERTY PURCHASES”
Office of the Leader of the Opposition 