Assoc Prof Jamus Jerome Lim asked the Prime Minister (a) what is the respective average, minimum and maximum duration from application to the final approval of licences of (i) Registered Fund Management Company (RFMC), (ii) Licensed Fund Management Company (LFMC) and (iii) Venture Capital Fund Management (VCFM); and (b) what are the usual challenges faced by applicantsContinue reading “APPLICATION AND APPROVAL PROCESS FOR REGISTERED FUND MANAGEMENT COMPANY, LICENSED FUND MANAGEMENT COMPANY AND VENTURE CAPITAL FUND MANAGEMENT PERMITS”
Category Archives: Prime Minister’s Office
MULTI-PRONGED APPROACH BY GOVERNMENT, TELCOS AND BANKS TO COMBAT PHISHING AND CREDIT CARD SCAMS
Assoc Prof Jamus Jerome Lim asked the Prime Minister (a) in the past year, what is the percentage of unauthorised transactions made on credit cards; (b) what is the percentage of recovery of the sums involved in the unauthorised transactions; and (c) whether additional safeguards, beyond one-time passwords, will be required for implementation by local financial institutionsContinue reading “MULTI-PRONGED APPROACH BY GOVERNMENT, TELCOS AND BANKS TO COMBAT PHISHING AND CREDIT CARD SCAMS”
INCREASING AWARENESS OF RISKS AMONGST RETAIL INVESTORS OF SPECIAL PURPOSE ACQUISITION COMPANIES
Ms He Ting Ru asked the Prime Minister (a) what are the steps being taken to educate and protect retail investors of Special Purpose Acquisition Companies (SPACs) given the risks associated with investing in such companies; and (b) whether the Government will consider restrictions on retail investors’ access to the initial public offering of such companies. MrContinue reading “INCREASING AWARENESS OF RISKS AMONGST RETAIL INVESTORS OF SPECIAL PURPOSE ACQUISITION COMPANIES”
BREAKDOWN OF APPLICATIONS RECEIVED FOR SCHEMES UNDER FINANCIAL SECTOR DEVELOPMENT FUND ANNUALLY IN LAST FIVE YEARS
Ms He Ting Ru asked the Prime Minister (a) in the last five years, how many applications have been received annually from individuals for all the various schemes under the Financial Sector Development Fund (FSDF); (b) how many of these applications are successful; (c) of the successful applications, how many are (i) Singapore citizens and (ii) permanent residents respectively;Continue reading “BREAKDOWN OF APPLICATIONS RECEIVED FOR SCHEMES UNDER FINANCIAL SECTOR DEVELOPMENT FUND ANNUALLY IN LAST FIVE YEARS”
TOLL ON PUBLIC SERVICE AT FOREFRONT OF FIGHT AGAINST COVID-19 PANDEMIC AND MEASURES TO ENSURE IT REMAINS COMPETITIVE
Mr Pritam Singh (Aljunied): I would like to thank the Minister for his reply. Just to clarify with the Minister. The Minister shared that the haemorrhage in 2021 with respect to Public Service officers on the MX scheme of service was 9.9%. Can I just confirm, Minister, is this figure similar for Public Service officersContinue reading “TOLL ON PUBLIC SERVICE AT FOREFRONT OF FIGHT AGAINST COVID-19 PANDEMIC AND MEASURES TO ENSURE IT REMAINS COMPETITIVE”
ENHANCING SECURITY OF DIGITAL BANKING FOLLOWING RECENT SCAMS
Mr Gerald Giam Yean Song asked the Prime Minister (a) whether MAS will consider introducing a legally-binding risk-based approach framework in tackling the security of digital banking as has been done in Notice 626 which deals with Money Laundering and Countering the Financing of Terrorism; and (b) whether MAS will consider implementing a customer risk profile assessment,Continue reading “ENHANCING SECURITY OF DIGITAL BANKING FOLLOWING RECENT SCAMS”
UPDATE ON STATUS OF CPIB INVESTIGATION INTO SINGAPOREANS INVOLVED IN KEPPEL OFFSHORE & MARINE CORRUPTION CASE AND ACTIONS TAKEN
Mr Dennis Tan Lip Fong asked the Prime Minister whether he can provide an update on (i) the status of the investigation by the Corrupt Practices Investigation Bureau (CPIB) in respect of the Singaporeans involved in the Keppel Offshore & Marine (KOM) corruption case since the requests for Mutual Legal Assistance have been sent out and (ii)Continue reading “UPDATE ON STATUS OF CPIB INVESTIGATION INTO SINGAPOREANS INVOLVED IN KEPPEL OFFSHORE & MARINE CORRUPTION CASE AND ACTIONS TAKEN”
CURRENT NUMBER AND PERCENTAGE OF CIVIL SERVANTS DEEMED UNABLE TO WORK FROM HOME BASED ON JOB FUNCTIONS AND ELIGIBILITY FOR FLEXIBLE WORK ARRANGEMENTS
Mr Chua Kheng Wee Louis asked the Prime Minister (a) what is the current number and percentage of civil servants who are deemed to be unable to work from home based on their job functions; (b) whether these civil servants are eligible for flexible work arrangements (FWAs); and (c) if so, what do these encompass. Mr ChanContinue reading “CURRENT NUMBER AND PERCENTAGE OF CIVIL SERVANTS DEEMED UNABLE TO WORK FROM HOME BASED ON JOB FUNCTIONS AND ELIGIBILITY FOR FLEXIBLE WORK ARRANGEMENTS”
DATA ON EDUCATIONAL AND FAMILY BACKGROUNDS OF PSC SCHOLARS AND STEPS TO ENSURE DIVERSITY AMONGST THEM
Mr Leon Perera asked the Prime Minister (a) in the past 10 years, what is the annual proportion of PSC scholarship recipients from (i) Raffles Institution and Hwa Chong Institution (ii) other junior colleges (iii) polytechnics and (iv) other schools and institutes of higher learning, with a breakdown by housing type; (b) what measures are put in placeContinue reading “DATA ON EDUCATIONAL AND FAMILY BACKGROUNDS OF PSC SCHOLARS AND STEPS TO ENSURE DIVERSITY AMONGST THEM”
ANNUAL NUMBER AND PROPORTION OF HDB AND PRIVATE PROPERTY FLAT BUYERS WITH TOTAL DEBT SERVICING RATIO OF ABOVE 55%
Mr Chua Kheng Wee Louis asked the Prime Minister since 2013, what is the annual number and proportion of HDB and private property flat buyers who had a total debt servicing ratio of above 55%. Mr Tharman Shanmugaratnam (for the Prime Minister): The Total Debt Servicing Ratio (TDSR) threshold was adjusted from 60% to 55% as part ofContinue reading “ANNUAL NUMBER AND PROPORTION OF HDB AND PRIVATE PROPERTY FLAT BUYERS WITH TOTAL DEBT SERVICING RATIO OF ABOVE 55%”
Office of the Leader of the Opposition 