Mr Dennis Tan Lip Fong asked the Prime Minister whether the Government will consider enhancing existing penalties against bank employees who are found to have engaged in poor sales and advisory practices, having mis-sold banking products to customers in cases brought to the Financial Industry Disputes Resolution Centre. Mr Lawrence Wong (for the Prime Minister): The MonetaryContinue reading “ENHANCING PENALTIES AGAINST BANK EMPLOYEES WHO ENGAGE IN POOR OR MISLEADING SALES AND ADVISORY PRACTICES”
Category Archives: Prime Minister’s Office
NUMBER OF VOTERS IN 2023 PRESIDENTIAL ELECTION WHOSE NAMES WERE RESTORED TO REGISTER OF ELECTORS
Mr Dennis Tan Lip Fong asked the Prime Minister how many persons who have voted in the 2023 Presidential Election (i) are subsequently notified that they did not vote (ii) have applied to have their names restored to the register of electors and (iii) to date, have since been restored to the register of electors, respectively.Continue reading “NUMBER OF VOTERS IN 2023 PRESIDENTIAL ELECTION WHOSE NAMES WERE RESTORED TO REGISTER OF ELECTORS”
MAXIMUM ALLOWABLE INTEREST RATES AND LATE PAYMENT FEES FOR BANK AND NON-BANK FINANCIAL INSTITUTION LOANS IN SINGAPORE
Ms He Ting Ru asked the Prime Minister (a) whether there are maximum (i) interest rates for secured and unsecured loans and (ii) late payment fees, that banks and non-bank financial institutions can charge individuals in Singapore; (b) if so, what are such rates and fees respectively; and (c) if not, whether MAS will consider introducingContinue reading “MAXIMUM ALLOWABLE INTEREST RATES AND LATE PAYMENT FEES FOR BANK AND NON-BANK FINANCIAL INSTITUTION LOANS IN SINGAPORE”
UPDATE ON ENHANCED PRE- AND POST-TRANSACTION SAFEGUARDS UNDERTAKEN BY FINANCIAL ADVISERS
Mr Chua Kheng Wee Louis asked the Prime Minister when will the enhanced pre- and post-transaction safeguards to be undertaken by financial advisers for Selected Clients be implemented. Mr Lawrence Wong (for the Prime Minister): The Monetary Authority of Singapore will publicly consult, by the middle of this year, on legislative amendments to enhance pre- and post-transactionContinue reading “UPDATE ON ENHANCED PRE- AND POST-TRANSACTION SAFEGUARDS UNDERTAKEN BY FINANCIAL ADVISERS”
The Northern Sea Route
Mr Dennis Tan Lip Fong (Hougang): Mr Chairman, with climate change, countries around the globe have been bracing themselves for changes in the nature of global supply chains and economic policy. One of the changes we have been following is the opening of the Northern Sea Route and how this may affect the economy of Singapore.Continue reading “The Northern Sea Route”
Safeguarding Bank Customers
Ms Sylvia Lim (Aljunied): Sir, in this environment of pervasive online scams, the Government should ensure that bank customers are adequately and fairly protected – both in prevention and in compensation. On this, I will raise two points today: developments in Australia and on Financial Industry Disputes Resolution Centre Ltd (FIDReC). First, on developments in Australia. InContinue reading “Safeguarding Bank Customers”
Singapore Population
Mr Muhamad Faisal Bin Abdul Manap (Aljunied): Sir, according to figures released by the Government in 2023, our total population stands at around 5.9 million, of which 4.9 million are residents and 1.8 million are non-residents. Racial demographics have remained largely stable. The most worrying statistic released was the all-time low fertility rate of 1.04. SetContinue reading “Singapore Population”
Conflict of Interest Update
Ms He Ting Ru (Sengkang): Sir, trust between elected officials and public servants on one side, and the public on the other, is important for a well-functioning political system. It is important to maintain and enhance this relationship. Yet, ties between state and society do not exist in a vacuum. As Singapore becomes an ever moreContinue reading “Conflict of Interest Update”
Insurance Coverage for PwDs of Persons with Special Needs
Mr Gerald Giam Yean Song (Aljunied): Mr Chairman, PwDs or special needs often receive inadequate insurance coverage to cover to protect themselves. Even if they manage to get insured, the scope of coverage and the insured amounts is often limited. MAS is proposing to issue guidelines to insurers that they should not indiscriminately reject an application,Continue reading “Insurance Coverage for PwDs of Persons with Special Needs”
Population Projections beyond 2030
Mr Gerald Giam Yean Song (Aljunied): Mr Chairman, the Government has clarified that it does not aim for Singapore’s population to increase to 10 million, and it is anticipating a population of significantly below 6.9 million by 2030. However, with 2030 only six years away and fast approaching, a key question arises – what are theContinue reading “Population Projections beyond 2030”
Office of the Leader of the Opposition 