LOCAL BANK’S EXPOSURE TO COMMODITY TRADING AND COMMODITY FINANCING AND ASSESSMENT OF RISKS TO FINANCIAL SECTOR FROM COMMODITY MARKET VOLATILITIES

Mr Chua Kheng Wee Louis asked the Prime Minister (a) what is the current size of local banks’ exposure to commodity trading and commodity financing; (b) whether MAS has been approached and is prepared to provide liquidity support to commodity trading firms; and (c) what is the assessment by MAS of the risks to the financial sectorContinue reading “LOCAL BANK’S EXPOSURE TO COMMODITY TRADING AND COMMODITY FINANCING AND ASSESSMENT OF RISKS TO FINANCIAL SECTOR FROM COMMODITY MARKET VOLATILITIES”

OUTLOOK FOR GIG AND PLATFORM WORKERS AND MEASURES TO HELP ENHANCE THEIR EMPLOYABILITY AND CPF SAVINGS

Mr Leon Perera asked the Minister for Manpower (a) among private hire car drivers and food delivery riders, what are their (i) mean and median employment duration and (ii) numbers according to age group; (b) whether the Ministry tracks the number and percentage of these riders who have moved on to permanent employment in other industries and,Continue reading “OUTLOOK FOR GIG AND PLATFORM WORKERS AND MEASURES TO HELP ENHANCE THEIR EMPLOYABILITY AND CPF SAVINGS”

EMPLOYMENT OF EX-OFFENDERS AT KEY INSTALLATIONS SUCH AS JURONG ISLAND AND CHANGI AIRPORT

Mr Leon Perera asked the Minister for Home Affairs (a) whether the Government has any policy prohibiting ex-offenders from entering or being employed at key installations such as Jurong Island and Changi Airport; (b) if so, what categories of offences are covered by this policy; (c) what conditions need to be met before the prohibition lapses;Continue reading “EMPLOYMENT OF EX-OFFENDERS AT KEY INSTALLATIONS SUCH AS JURONG ISLAND AND CHANGI AIRPORT”

SINGAPORE’S PETROLEUM RESERVES AND EVIDENCE OF ANTI-COMPETITIVE BEHAVIOUR AMONG FUEL RETAILERS

Mr Gerald Giam Yean Song asked the Minister for Trade and Industry (a) whether the Competition and Consumer Commission of Singapore (CCCS) has found any evidence of anti-competitive behaviour among fuel retailers to raise prices in the past two months; (b) what actions will the Government take against fuel retailers found to have engaged in anti-competitive behaviour;Continue reading “SINGAPORE’S PETROLEUM RESERVES AND EVIDENCE OF ANTI-COMPETITIVE BEHAVIOUR AMONG FUEL RETAILERS”

PARTICIPATING MERCHANTS UNDER COMMUNITY DEVELOPMENT COUNCIL VOUCHERS SCHEME

Assoc Prof Jamus Jerome Lim asked the Minister for Trade and Industry (a) how many merchants have been included in the Community Development Council (CDC) Vouchers Scheme as a participant; (b) how many merchants have been approached in total; (c) whether there is a timeline for the CDC Ambassadors to approach all eligible shops for participation; andContinue reading “PARTICIPATING MERCHANTS UNDER COMMUNITY DEVELOPMENT COUNCIL VOUCHERS SCHEME”

ENCOURAGING YOUNGER SINGAPOREANS TO TAKE UP TRADE JOBS SUCH AS LICENSED ELECTRICIANS AND PLUMBERS

Mr Pritam Singh asked the Minister for Manpower (a) whether the Ministry is looking into new strategies to encourage younger Singaporeans to take up trade jobs such as licensed electricians and plumbers, amongst others; and (b) whether it is the Ministry’s assessment that a larger Singapore core can be built up in such jobs in the shortContinue reading “ENCOURAGING YOUNGER SINGAPOREANS TO TAKE UP TRADE JOBS SUCH AS LICENSED ELECTRICIANS AND PLUMBERS”

NUMBER OF S PASS HOLDERS EARNING MORE THAN $3,000 IN 2019, 2020 AND 2021

Mr Pritam Singh asked the Minister for Manpower how many S-Pass holders earned more than S$3,000 in 2019, 2020, and 2021 respectively. Dr Tan See Leng: The data requested by the Member is given in Table 1 below. From December 2019 to December 2021, the number of S Pass holders decreased from 200,000 to 161,800, in part dueContinue reading “NUMBER OF S PASS HOLDERS EARNING MORE THAN $3,000 IN 2019, 2020 AND 2021”

NUMBER OF EMPLOYMENT PASS HOLDERS EARNING MORE THAN $5,000 IN 2019, 2020 AND 2021

Mr Pritam Singh asked the Minister for Manpower how many employment pass holders earned more than S$5,000 in 2019, 2020 and 2021 respectively. Dr Tan See Leng: The data requested by the Member is given in Table 1 below. From December 2019 to December 2021, the number of Employment Pass (EP) holders decreased from 193,700 to 161,700, inContinue reading “NUMBER OF EMPLOYMENT PASS HOLDERS EARNING MORE THAN $5,000 IN 2019, 2020 AND 2021”

DATA ON COMPANIES GRANTED EXEMPTION FROM HOLDING LICENCE UNDER PAYMENT SERVICES ACT

Mr Chua Kheng Wee Louis asked the Prime Minister for entities which are previously granted an exemption from holding a licence under the Payment Services Act (a) what is the breakdown in the number of companies for those (i) whose exemption ceased after the specified period (ii) those that are rejected by MAS and (iii) those whichContinue reading “DATA ON COMPANIES GRANTED EXEMPTION FROM HOLDING LICENCE UNDER PAYMENT SERVICES ACT”

UPDATE ON RESEARCH INITIATIVES GRANT UNDER GRANT FOR EQUITY MARKET SINGAPORE AND NOTABLE INITIATIVES DEVELOPED

Mr Chua Kheng Wee Louis asked the Prime Minister (a) how much of the Research Initiatives Grant under the Grant for Equity Market Singapore (GEMS) announced in 2019 to crowd-source initiatives to propel the development of Singapore’s equity research ecosystem has been awarded; and (b) what are some of the notable initiatives that have been developed throughContinue reading “UPDATE ON RESEARCH INITIATIVES GRANT UNDER GRANT FOR EQUITY MARKET SINGAPORE AND NOTABLE INITIATIVES DEVELOPED”