Mr Chua Kheng Wee Louis asked the Minister for Trade and Industry with regard to the decision by Industrial Light & Magic to end its operations in Singapore (a) what is the expiry date of the tax incentive schemes granted to the company; and (b) whether the Ministry has the number of Singaporean and non-Singaporean staffContinue reading “EFFECTS OF INDUSTRIAL LIGHT & MAGIC’S DECISION TO END SINGAPORE OPERATIONS”
Category Archives: Ministry of Trade and Industry
SUSTAINABILITY AUDIT FOR SINGAPORE’S F1 GRAND PRIX AND OTHER EVENTS
Mr Dennis Tan Lip Fong asked the Minister for Trade and Industry (a) whether an update can be provided on the sustainability audit carried out from last year’s Singapore Grand Prix; and (b) whether the Ministry will consider ensuring that the sustainability audit for the Singapore Grand Prix and the Meetings, Incentives, Conferences and Exhibitions sector beingContinue reading “SUSTAINABILITY AUDIT FOR SINGAPORE’S F1 GRAND PRIX AND OTHER EVENTS”
POTENTIAL OF BUYING RENEWABLE ENERGY FROM INDIA
Mr Dennis Tan Lip Fong asked the Minister for Trade and Industry (a) whether the Government is exploring plans to sign an agreement with India to buy renewable energy; and (b) if so, what percentage of Singapore’s 2030 projected electricity demand target can be met from this agreement. Mr Gan Kim Yong: Singapore and India enjoy aContinue reading “POTENTIAL OF BUYING RENEWABLE ENERGY FROM INDIA”
REVIEW OF OIL AND GAS INDUSTRY’S PRESENCE IN SINGAPORE
Mr Chua Kheng Wee Louis asked the Minister for Trade and Industry (a) whether the Ministry has conducted a recent review of the oil and gas industry’s presence in Singapore; (b) what is the expected impact of a potential exit by a key oil and gas company, such as Shell, on the industry; (c) what areContinue reading “REVIEW OF OIL AND GAS INDUSTRY’S PRESENCE IN SINGAPORE”
PLANS TO PHASE OUT USE OF COAL IN ENERGY PRODUCTION
Mr Chua Kheng Wee Louis asked the Minister for Trade and Industry whether there are plans to phase out the use of coal in Singapore’s energy production given that the new 600MW hydrogen-ready Keppel Sakra Cogen Plant is expected to be completed by the first quarter of 2026. Mr Gan Kim Yong: Coal makes up around 1%Continue reading “PLANS TO PHASE OUT USE OF COAL IN ENERGY PRODUCTION”
IMPLICATIONS OF STRONG SINGAPORE DOLLAR ON MONETARY AUTHORITY OF SINGAPORE’S LOSSES, EXPOSURE TO INVESTMENT RISKS AND MOVES TO ENCOURAGE HIGHER LEVEL OF SAVINGS
Assoc Prof Jamus Jerome Lim asked the Prime Minister how much of the reported losses by MAS for FY 2022/2023 are attributable to (i) losses from currency interventions, (ii) changes in valuation, (iii) investment exposures and (iv) other sources. The Minister of State for Trade and Industry (Mr Alvin Tan) (for the Prime Minister): Mr Speaker, Sir, mayContinue reading “IMPLICATIONS OF STRONG SINGAPORE DOLLAR ON MONETARY AUTHORITY OF SINGAPORE’S LOSSES, EXPOSURE TO INVESTMENT RISKS AND MOVES TO ENCOURAGE HIGHER LEVEL OF SAVINGS”
ACTIONS TAKEN TO RECLAIM MONIES INCORRECTLY DISBURSED TO MERCHANTS OR CITIZENS THROUGH SINGAPOREDISCOVERS VOUCHERS SCHEME
Ms He Ting Ru asked the Minister for Trade and Industry (a) whether remedial action has commenced to reclaim any money disbursed to merchants or citizens incorrectly through the SingapoRediscovers Vouchers scheme; (b) if so, what types of actions have been taken; and (c) how much has been clawed back so far. Mr Gan Kim Yong: TheContinue reading “ACTIONS TAKEN TO RECLAIM MONIES INCORRECTLY DISBURSED TO MERCHANTS OR CITIZENS THROUGH SINGAPOREDISCOVERS VOUCHERS SCHEME”
PROCESS FOR AWARD OF CONTRACT TO RUN FORMULA ONE SINGAPORE GRAND PRIX FOR ANOTHER SEVEN YEARS
Mr Gerald Giam Yean Song asked the Minister for Trade and Industry (a) whether the Ministry will release a breakdown of the process by which the award of the contract to run the Formula One Singapore Grand Prix for another seven years was made; and (b) whether the Ministry is currently reviewing this contract in lightContinue reading “PROCESS FOR AWARD OF CONTRACT TO RUN FORMULA ONE SINGAPORE GRAND PRIX FOR ANOTHER SEVEN YEARS”
APPLICATIONS UNDER TEMPORARY BRIDGING LOAN PROGRAMME AND DEFAULTS IN REPAYMENT
Ms He Ting Ru asked the Minister for Trade and Industry for each year between 2020 and 2022 (a) how many applications have been received by Enterprise Singapore (ESG) under the Temporary Bridging Loan programme; (b) how many applications have been successful; (c) what proportion of successful loans are taken out by borrowers from local financialContinue reading “APPLICATIONS UNDER TEMPORARY BRIDGING LOAN PROGRAMME AND DEFAULTS IN REPAYMENT”
ANTI-COMPETITIVE EFFECT OF COOPERATION PARTNERSHIP BETWEEN SINGAPORE AIRLINES AND MALAYSIA AIRLINES
Mr Gerald Giam Yean Song asked the Minister for Trade and Industry (a) what is the most recent assessment by the Competition and Consumer Commission of Singapore (CCCS) on the commercial cooperation partnership between Singapore Airlines (SIA) and Malaysia Airlines; and (b) what aspects of commercial cooperation deals between airlines can be deemed anti-competitive by CCCS.Continue reading “ANTI-COMPETITIVE EFFECT OF COOPERATION PARTNERSHIP BETWEEN SINGAPORE AIRLINES AND MALAYSIA AIRLINES”
Office of the Leader of the Opposition 