BANKRUPTCY OF CRYPTOCURRENCY TRADING PLATFORM FTX AND IMPACT ON SINGAPORE’S FINANCIAL MARKETS, REGULATION OF SUCH ASSET CLASS AND STRATEGIES OF SINGAPORE’S INVESTMENT ENTITIES

9 Ms He Ting Ru asked the Prime Minister (a) whether MAS will consider leading a specific study into the regulatory lessons to be learnt from the collapse of cryptocurrency exchanges such as Terra and FTX; and (b) whether there needs to be tighter requirements to ensure the stability of regulated cryptocurrency exchanges in Singapore. 10 Mr Dennis TanContinue reading “BANKRUPTCY OF CRYPTOCURRENCY TRADING PLATFORM FTX AND IMPACT ON SINGAPORE’S FINANCIAL MARKETS, REGULATION OF SUCH ASSET CLASS AND STRATEGIES OF SINGAPORE’S INVESTMENT ENTITIES”

TIME TAKEN FOR ANTI-SCAM CENTRE TO INVESTIGATE CASES

The following question stood in the name of Assoc Prof Jamus Jerome Lim – 5 To ask the Minister for Home Affairs (a) what is the (i) average (ii) longest and (iii) shortest time it takes for the Anti-Scam Centre (ASC) to investigate scam cases thus far; and (b) does the ASC provide guidance to individuals whoContinue reading “TIME TAKEN FOR ANTI-SCAM CENTRE TO INVESTIGATE CASES”

SKILLSFUTURE ACCREDITATION FOR TERTIARY EDUCATION PROVIDERS AND INSTRUCTORS

Assoc Prof Jamus Jerome Lim asked the Minister for Education whether the Ministry will consider reducing the hurdle rate for experienced tertiary education providers, such as university lecturers and professors, to acquire SkillsFuture accreditation. Mr Chan Chun Sing: To raise the quality of adult training and education in Singapore, SkillsFuture Singapore (SSG) sets out Adult Educators (AE) QualificationsContinue reading “SKILLSFUTURE ACCREDITATION FOR TERTIARY EDUCATION PROVIDERS AND INSTRUCTORS”

CRITERIA FOR STUDENTS PREVIOUSLY ENROLLED IN INTERNATIONAL SCHOOLS TO ENROL IN MOE SCHOOLS AT A COMPARABLE GRADE LEVEL UPON THEIR RETURN

Assoc Prof Jamus Jerome Lim asked the Minister for Education whether the Ministry imposes specific performance criteria that students previously enrolled in international schools will have to meet in order to seamlessly enrol in MOE schools, upon their return, at a comparable grade level. Mr Chan Chun Sing: MOE is committed to help Returning Singaporean (RS) students toContinue reading “CRITERIA FOR STUDENTS PREVIOUSLY ENROLLED IN INTERNATIONAL SCHOOLS TO ENROL IN MOE SCHOOLS AT A COMPARABLE GRADE LEVEL UPON THEIR RETURN”

GUIDELINES FOR EARLY-CONTRACT TERMINATION CLAUSES FOR TAXICABS AND PRIVATE HIRE CARS DUE TO UNFORESEEN CIRCUMSTANCES

Assoc Prof Jamus Jerome Lim asked the Minister for Transport whether the Ministry issues guidelines or regulates acceptable conditions for early-contract termination clauses for taxicabs and private-hire cars especially for unforeseen circumstances such as health-related causes. Mr S Iswaran: LTA does not set guidelines on conditions for early contract termination for taxi and private hire car (PHC) rentals,Continue reading “GUIDELINES FOR EARLY-CONTRACT TERMINATION CLAUSES FOR TAXICABS AND PRIVATE HIRE CARS DUE TO UNFORESEEN CIRCUMSTANCES”

DIGITAL SINGAPORE DOLLAR AS GENUINE ELECTRONIC CURRENCY

Assoc Prof Jamus Jerome Lim asked the Prime Minister with regard to the proposed trial of a digital Singapore dollar (DSGD) for Government payouts and vouchers (a) whether the proposed restrictions on fungibility and bearer value will undermine the objective of understanding how the DSGD would operate as a genuine electronic currency; and (b) if so, howContinue reading “DIGITAL SINGAPORE DOLLAR AS GENUINE ELECTRONIC CURRENCY”

GUIDELINES ON LIMITS FOR EXPOSURE TO DIFFERENT ASSET CLASSES FOR NATIONAL SOVEREIGN WEALTH FUNDS

Assoc Prof Jamus Jerome Lim asked the Deputy Prime Minister and Minister for Finance in view of the distinct investment and development mandates for the two national sovereign wealth funds, whether the Ministry issues guidelines to each on acceptable limits for exposure to different asset classes, including alternative assets, such as cryptocurrency and cryptocurrency exchanges. Mr LawrenceContinue reading “GUIDELINES ON LIMITS FOR EXPOSURE TO DIFFERENT ASSET CLASSES FOR NATIONAL SOVEREIGN WEALTH FUNDS”

APPLICABILITY OF GST OFFSET PACKAGES TO SINGAPOREANS EMPLOYED OVERSEAS WITH NO REPORTABLE TAX RETURNS

Assoc Prof Jamus Jerome Lim asked the Deputy Prime Minister and Minister for Finance whether the GST offset packages apply to Singaporeans employed overseas with no reportable tax returns. Mr Lawrence Wong: The Assurance Package (AP) for GST and the permanent GST Voucher (GSTV) scheme are meant to offset Singaporeans’ GST expenses incurred in Singapore. To qualify forContinue reading “APPLICABILITY OF GST OFFSET PACKAGES TO SINGAPOREANS EMPLOYED OVERSEAS WITH NO REPORTABLE TAX RETURNS”

COMPLAINTS OF NOISE AND SMELL FROM LIVE CHICKENS IN HDB AND PRIVATE RESIDENTIAL ESTATES

Assoc Prof Jamus Jerome Lim (Sengkang): Thank you. I have two quick supplementary questions. The first is to obtain the assurance from Senior Minister of State that the standard operating procedure is that the first resort is for mediation, rather than slapping the violators with any kind of fine. And I mention this because, I recall,Continue reading “COMPLAINTS OF NOISE AND SMELL FROM LIVE CHICKENS IN HDB AND PRIVATE RESIDENTIAL ESTATES”

MONETARY POLICY AND TARGETED MEASURES TO REIN IN FOOD AND ACCOMMODATION PRICES

Assoc Prof Jamus Jerome Lim (Sengkang): I thank the Minister of State. Since I was mentioned, I thought it would be useful to clarify with a follow-up question. Does MAS actually believe that its targeting of the exchange rate, which I understand, indeed, is the MAS intermediate target – I teach that in my classes –Continue reading “MONETARY POLICY AND TARGETED MEASURES TO REIN IN FOOD AND ACCOMMODATION PRICES”