Mr Gerald Giam Yean Song asked the Minister for Trade and Industry (a) when did the Government start supporting marquee performance or sports events through grants; (b) for events taking place in 2024, what are the total grants agreed upon and how many tourists are these events expected to attract; and (c) what are the estimated benefitsContinue reading “GOVERNMENT GRANTS TO SUPPORT MARQUEE EVENTS AND CONSIDERATIONS IN DECISION-MAKING”
Category Archives: Ministry of Trade and Industry
Supporting our SMEs
Ms He Ting Ru: Sir, the enhancement of the Enterprise Financing Scheme and the Energy Efficiency Grant is welcome. Incentives and grants are critical in providing seed support and are crucial in driving SME growth and are important signals in the industrial strategy we are developing, especially for our green transition. Yet, a DBS surveyContinue reading “Supporting our SMEs”
Reputation Risk for Singapore Companies
Ms He Ting Ru (Sengkang): The European Union (EU) is currently proposing a law, which requires larger companies to identify actual or potential negative impacts on human rights and their supply chain; and to prevent, mitigate and remedy these impacts. This is on top of existing laws that already require large companies to perform due diligenceContinue reading “Reputation Risk for Singapore Companies”
Anti-economic Coercion Effects
Ms He Ting Ru (Sengkang): Sir, today’s world is increasingly uncertain and contentious, not least because of growing United States (US)-Chinese competition. With these, come greater risk of Singapore facing economic coercion. Not necessarily because of anything we may have done but because major powers and others believe that it is possible to force us intoContinue reading “Anti-economic Coercion Effects”
Strengthening Consumer Protection
Mr Chua Kheng Wee Louis (Sengkang): Despite transformative changes in how consumers engage with businesses, the approach to safeguarding consumer rights in Singapore has not evolved, appearing to maintain a somewhat indifferent stance toward consumer protections. We only need to look at the many high-profile and recent consumer incidents in Singapore – from the Sentosa SkyContinue reading “Strengthening Consumer Protection”
STATUS AND PRIMARY STRATEGIC OBJECTIVES OF NATIONAL GALLIUM NITRIDE TECHNOLOGY CENTRE
Mr Gerald Giam Yean Song asked the Minister for Trade and Industry (a) what are the primary strategic objectives of the National Gallium Nitride Technology Centre in terms of technological advancement, economic impact and international collaboration; (b) what is the current stage of the Centre’s development; (c) how will the Centre integrate with educational institutions andContinue reading “STATUS AND PRIMARY STRATEGIC OBJECTIVES OF NATIONAL GALLIUM NITRIDE TECHNOLOGY CENTRE”
REVIEWING F1 CONTRACTS WITH SINGAPORE GOVERNMENT AND STRENGTHENING GUIDELINES FOR INVESTMENT-ORIENTED AGENCIES THAT ENGAGE WITH PRIVATE ENTITIES
Assoc Prof Jamus Jerome Lim (Sengkang): Just a quick clarification on my part. Can I confirm that the Government will be reviewing any other contracts that it has with Mr Ong’s companies, over and beyond the F1? Ms Grace Fu Hai Yien: Mr Speaker, I am not aware that the Government has contracts with MrContinue reading “REVIEWING F1 CONTRACTS WITH SINGAPORE GOVERNMENT AND STRENGTHENING GUIDELINES FOR INVESTMENT-ORIENTED AGENCIES THAT ENGAGE WITH PRIVATE ENTITIES”
REVIEWING F1 CONTRACTS WITH SINGAPORE GOVERNMENT AND STRENGTHENING GUIDELINES FOR INVESTMENT-ORIENTED AGENCIES THAT ENGAGE WITH PRIVATE ENTITIES
Mr Pritam Singh (Aljunied): Thank you, Speaker. Just one question for the Minister. Which agency is reviewing the F1 contract that the Minister shared in her speech – is it the Ministry itself or is it possibly the Auditor-General’s Office (AGO)? Ms Grace Fu Hai Yien: MTI is leading in this review and we may involveContinue reading “REVIEWING F1 CONTRACTS WITH SINGAPORE GOVERNMENT AND STRENGTHENING GUIDELINES FOR INVESTMENT-ORIENTED AGENCIES THAT ENGAGE WITH PRIVATE ENTITIES”
IMPACT OF DISRUPTIONS TO SHIPPING AND SECURITY IN RED SEA REGION ON SINGAPORE’S CONSUMER PRICES AND FUEL COSTS
Ms He Ting Ru asked the Minister for Trade and Industry in view of the disruptions to shipping and general insecurity in the Red Sea region that escalated in December 2023 (a) what is the anticipated impact for Singapore on (i) consumer prices (ii) fuel costs and (iii) logistical and supply chain delays; and (b) whatContinue reading “IMPACT OF DISRUPTIONS TO SHIPPING AND SECURITY IN RED SEA REGION ON SINGAPORE’S CONSUMER PRICES AND FUEL COSTS”
ENSURING LICENSED REMITTANCE COMPANIES FULFIL COMMITMENTS
Mr Gerald Giam Yean Song asked the Prime Minister (a) how many complaints has MAS received in the past year about MAS-licensed remittance companies not fulfilling their commitments to remit funds; (b) whether such remittance companies have a legal responsibility to ensure that funds reach their intended recipients and, if not, why not; and (c) what recourseContinue reading “ENSURING LICENSED REMITTANCE COMPANIES FULFIL COMMITMENTS”
Office of the Leader of the Opposition 