Mr Chua Kheng Wee Louis: Chairman, I wish to raise the issue of predatory employment contract terms, which many Singaporeans, especially of a younger disposition, may be unknowingly entering into. To better protect our Singaporean workers and educate them on their rights to fair employment and rein in errant employers who make use of unfairContinue reading “Predatory Employment Contracts”
Category Archives: Louis Chua
CPF Ordinary Account Reform
Mr Chua Kheng Wee Louis (Sengkang): Chairman, I would like to once again repeat my call for us to reform the long-outdated and archaic formula in which OA interest is computed. This was last changed in 1999, when the ratio of fixed deposits to savings was updated from 50-50 to 80-20 to reflect the longerContinue reading “CPF Ordinary Account Reform”
Enhancing CPF Returns
Mr Chua Kheng Wee Louis (Sengkang): Chairman, I would like to once again take the chance to raise concerns that I have previously voiced out in Parliament over the past three years and also earlier this year, during the debate on our reserves. There are already certain financial instruments available for members to invest their CPFContinue reading “Enhancing CPF Returns”
Strengthening Consumer Protection
Mr Chua Kheng Wee Louis (Sengkang): Despite transformative changes in how consumers engage with businesses, the approach to safeguarding consumer rights in Singapore has not evolved, appearing to maintain a somewhat indifferent stance toward consumer protections. We only need to look at the many high-profile and recent consumer incidents in Singapore – from the Sentosa SkyContinue reading “Strengthening Consumer Protection”
Asset Declaration for Ministers
Mr Chua Kheng Wee Louis (Sengkang): Incorruptibility is fundamental to the success of the Singapore Government. Yet, public declaration of assets by Ministers is not practised here although Ministers do disclose this information as well as company directorships to the President via the Prime Minister in confidence as per the Code of Conduct for Ministers. AsContinue reading “Asset Declaration for Ministers”
Debate on Annual Budget Statement
Mr Chua Kheng Wee Louis (Sengkang): Mr Speaker, as I have shared in my Inland Revenue Authority of Singapore (Amendment) Bill speech on Budget Day itself, FY2023 did turn out to be another year of record tax collections, after significant increases in IRAS’ tax collections over the last two years, a jump of around 38% toContinue reading “Debate on Annual Budget Statement”
REVIEW OF COMPUTATION OF MONTHLY CPF INTEREST PAYMENT
Mr Chua Kheng Wee Louis asked the Minister for Manpower whether the CPF Board has conducted a review of the computation of monthly CPF interest payment and, if so, whether it will consider including (i) contributions received during the month and (ii) amounts held in the account prior to its withdrawal, as pro-rated by the number ofContinue reading “REVIEW OF COMPUTATION OF MONTHLY CPF INTEREST PAYMENT”
STATISTICS ON TOTAL EMPLOYMENT AND TRADE INCOME OF TOP 1,000 EARNERS
Mr Chua Kheng Wee Louis asked the Deputy Prime Minister and Minister for Finance in each year over the past 10 years of income tax assessment, what is the (i) 25th percentile (ii) median and (iii) 75th percentile of Total Employment and Trade Income of the top 1,000 earners from all professions who are Singapore citizens. TheContinue reading “STATISTICS ON TOTAL EMPLOYMENT AND TRADE INCOME OF TOP 1,000 EARNERS”
RATIONALE FOR DIFFERING TREATMENT OF SALE PROCEEDS FOR INVESTMENTS MADE USING FUNDS FROM DIFFERENT CPF ACCOUNTS
Mr Chua Kheng Wee Louis asked the Minister for Manpower what is the rationale for sale proceeds from investments made under the CPF Investment Scheme-Ordinary Account to remain in the Investment Account and not automatically credited into the OA, while sale proceeds under the CPFIS-Special Account are automatically credited into the SA. Dr Tan See Leng: UnderContinue reading “RATIONALE FOR DIFFERING TREATMENT OF SALE PROCEEDS FOR INVESTMENTS MADE USING FUNDS FROM DIFFERENT CPF ACCOUNTS”
CPF MEMBERS WITH CPF INVESTMENTS IN SINGAPORE GOVERNMENT SECURITIES
Mr Chua Kheng Wee Louis asked the Minister for Manpower what is the current number and proportion of CPF members who have (i) opened a CPF Investment Account (ii) made investments via the CPF Investment Scheme-Ordinary Account and (iii) made investments in Singapore Government Securities. Dr Tan See Leng: As of 30 September 2023, about 1.01 millionContinue reading “CPF MEMBERS WITH CPF INVESTMENTS IN SINGAPORE GOVERNMENT SECURITIES”
Office of the Leader of the Opposition 