Ms He Ting Ru asked the Deputy Prime Minister and Minister for Finance (a) whether there is a Singapore equivalent of the Norwegian Ministry of Finance’s Council of Ethics for the observation and exclusion of companies from the Norwegian Government Pension Fund Global; and (b) if so, whether the list can be shared and maintained publicly forContinue reading “TEMASEK HOLDINGS AND GIC’S FINANCIAL LOSSES FROM INVESTING IN CRYPTOCURRENCY PLATFORM FTX”
Category Archives: PQ: He Ting Ru
PLANS TO MAINTAIN DYNAMISM IN TECH INDUSTRY AMIDST LAYOFFS
Ms He Ting Ru asked the Minister for Trade and Industry (a) how has the large number of layoffs from tech firms in the last year affected Singapore’s plans to have and maintain a thriving and dynamic tech industry; and (b) what mitigation factors are being undertaken to ensure that this goal remains. Mr Gan Kim Yong: TheContinue reading “PLANS TO MAINTAIN DYNAMISM IN TECH INDUSTRY AMIDST LAYOFFS”
INCREASE IN ELECTRICITY AND FUEL COSTS FOR PUBLIC TRANSPORT OPERATORS YEAR-TO-DATE AND EXPECTED PROPORTION OFFSET BY SUBSIDIES
Ms He Ting Ru asked the Minister for Transport in relation to the additional $200 million in subsidies to cover the increased costs to public transport operators due to the doubling of energy prices (a) what is the increase in electricity and fuel costs for public transport operators year-to-date; and (b) what proportion of the increase inContinue reading “INCREASE IN ELECTRICITY AND FUEL COSTS FOR PUBLIC TRANSPORT OPERATORS YEAR-TO-DATE AND EXPECTED PROPORTION OFFSET BY SUBSIDIES”
DATA ON SINGAPOREANS AND NON-SINGAPOREANS MADE REDUNDANT FROM TECH FIRMS IN 2022
Ms He Ting Ru asked the Minister for Manpower in the first 10 months of 2022 (a) whether the Government has data on the number of Singaporeans who are made redundant from tech firms such as Grab, Stripe, Meta, Shopee and SEA Limited and, if so, how many; (b) what is the median age of the affectedContinue reading “DATA ON SINGAPOREANS AND NON-SINGAPOREANS MADE REDUNDANT FROM TECH FIRMS IN 2022”
IMPACT OF FTX’S BANKRUPTCY ON IMPLEMENTATION OF DIGITAL SINGAPORE DOLLAR AND SINGAPORE INVESTORS AND BUSINESSES
Ms He Ting Ru asked the Prime Minister (a) whether there is an estimated number of Singapore investors who are affected by the insolvency of cryptocurrency trading platform FTX; (b) what is the estimated size of total investments affected; and (c) of these, how many are from retail investors. Mr Tharman Shanmugaratnam (for the Prime Minister): I thankContinue reading “IMPACT OF FTX’S BANKRUPTCY ON IMPLEMENTATION OF DIGITAL SINGAPORE DOLLAR AND SINGAPORE INVESTORS AND BUSINESSES”
TREATMENT OF SINGAPORE BANKS’ CRYPTO ASSET EXPOSURE AND CAPITAL ADEQUACY
Ms He Ting Ru asked the Prime Minister (a) what are MAS’ requirements as to the prudential treatment of Singapore banks’ crypto asset exposure; and (b) what are the risk-weighting requirements applicable to crypto asset exposures in assessing Singapore banks’ capital adequacy. Mr Tharman Shanmugaratnam (for the Prime Minister): Singapore-incorporated banks’ exposures to crypto assets are insignificant, contributingContinue reading “TREATMENT OF SINGAPORE BANKS’ CRYPTO ASSET EXPOSURE AND CAPITAL ADEQUACY”
MIGRANT DOMESTIC WORKERS HIRED AT CONCESSIONARY LEVY RATE IN LAST FIVE YEARS
Ms He Ting Ru asked the Minister for Manpower in the last five years, what is the annual number of migrant domestic workers hired at a concessionary levy rate, broken down into a hire to care for (i) children (ii) elderly persons and (iii) persons with disabilities. Dr Tan See Leng: From 2017 to 2021, there were anContinue reading “MIGRANT DOMESTIC WORKERS HIRED AT CONCESSIONARY LEVY RATE IN LAST FIVE YEARS”
REVISION OF ELECTRICITY MARKET STRUCTURE AND ITS IMPACT ON SINGAPORE’S ENERGY SECURITY AND PRICES FOR CONSUMERS
Mr Chua Kheng Wee Louis asked the Minister for Trade and Industry in relation to guardrails to ensure the security and adequacy of gas supply (a) whether this is expected to result in higher input costs and retail electricity prices; (b) what is the impact on the marginal cost of producing electricity in Singapore; and (c)Continue reading “REVISION OF ELECTRICITY MARKET STRUCTURE AND ITS IMPACT ON SINGAPORE’S ENERGY SECURITY AND PRICES FOR CONSUMERS”
DETAILS OF DISCUSSIONS ON AUSTRALIA-ASIA POWER LINK’S SUN CABLE PROJECT
Ms He Ting Ru asked the Minister for Trade and Industry (a) whether there are ongoing discussions relating to the Australia-Asia Power Link’s Sun Cable project to supply power to Singapore outside of the Request for Proposal programme under the Energy Market Authority; (b) if so, whether details on these discussions can be shared; and (c) whetherContinue reading “DETAILS OF DISCUSSIONS ON AUSTRALIA-ASIA POWER LINK’S SUN CABLE PROJECT”
UPDATE ON LAO PDR-THAILAND-MALAYSIA-SINGAPORE POWER INTEGRATION PROJECT
Ms He Ting Ru asked the Minister for Trade and Industry (a) whether the flow of electricity from Lao PDR to Singapore under the Lao PDR-Thailand-Malaysia-Singapore Power Integration Project (LTMS-PIP) has remained stable; (b) whether an update can be provided on the amount of electricity imported to Singapore since 23 June 2022; (c) whether there are plansContinue reading “UPDATE ON LAO PDR-THAILAND-MALAYSIA-SINGAPORE POWER INTEGRATION PROJECT”
Office of the Leader of the Opposition 