Mr Chua Kheng Wee Louis asked the Prime Minister (a) what are the objectives and key messages of the recent briefings by political officeholders to international banks operating in Singapore; and (b) whether there are plans to tighten anti-money laundering regulations and sentencing guidelines in Singapore following recent money laundering convictions. Ms Indranee Rajah (for theContinue reading “KEY MESSAGES IN RECENT BRIEFINGS TO INTERNATIONAL BANKS AND PLANS TO TIGHTEN ANTI-MONEY LAUNDERING REGULATIONS”
Category Archives: Jobs, Businesses, Economy
SUPPORT FOR EMPLOYERS AND EMPLOYEES AFFECTED BY REQUIREMENT FOR COMPANIES TO FAIRLY CONSIDER FLEXI-WORK REQUESTS
Mr Chua Kheng Wee Louis asked the Minister for Manpower with the introduction of the Tripartite Guidelines on Flexible Work Arrangement (FWAs) Requests from December 2024 (a) whether there is any target or expected percentage of (i) firms that offer and (ii) employees that are covered by, formal FWAs; and (b) whether there are any legal ramificationsContinue reading “SUPPORT FOR EMPLOYERS AND EMPLOYEES AFFECTED BY REQUIREMENT FOR COMPANIES TO FAIRLY CONSIDER FLEXI-WORK REQUESTS”
ENHANCING PENALTIES AGAINST BANK EMPLOYEES WHO ENGAGE IN POOR OR MISLEADING SALES AND ADVISORY PRACTICES
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”
DATA ON COMPLAINTS RECEIVED OF AND INVESTIGATIONS ON JOB LISTINGS AND COMPANIES ON MYCAREERSFUTURE
Assoc Prof Jamus Jerome Lim asked the Minister for Manpower since the inception of MyCareersFuture (a) how many complaints have been received regarding discrepancies between job listings on MyCareersFuture and the perception arising in the hiring process that the roles have already been earmarked for designated candidates; (b) how many companies have been investigated for suchContinue reading “DATA ON COMPLAINTS RECEIVED OF AND INVESTIGATIONS ON JOB LISTINGS AND COMPANIES ON MYCAREERSFUTURE”
ENSURING BULK OF NEW JOBS CREATED WILL GO TO SINGAPORE CITIZENS AND RESIDENTS, INCLUDING THOSE ABOVE AGE 40
Mr Gerald Giam Yean Song asked the Minister for Manpower in view of the fact that non-residents make up 83,500 of the 88,400 total employment growth in 2023, how will the Ministry ensure that the bulk of new jobs created in 2024 will go to Singapore citizens and residents, including those aged 40 and above. TheContinue reading “ENSURING BULK OF NEW JOBS CREATED WILL GO TO SINGAPORE CITIZENS AND RESIDENTS, INCLUDING THOSE ABOVE AGE 40”
COMPANIES BEING RE-DOMICILED TO SINGAPORE AND RELATED RISKS TO SINGAPORE’S REPUTATION WITH MAJOR TRADING PARTNERS
Mr Gerald Giam Yean Song asked the Minister for Trade and Industry (a) whether the Ministry keeps track of companies which re-domicile to Singapore to operate their headquarters out of Singapore rather than out of their countries of origin; (b) whether it has assessed if this practice presents any risks for Singapore with regard to itsContinue reading “COMPANIES BEING RE-DOMICILED TO SINGAPORE AND RELATED RISKS TO SINGAPORE’S REPUTATION WITH MAJOR TRADING PARTNERS”
MEASURES TO ENSURE RE-DOMICILED PREVIOUSLY FOREIGN-OWNED COMPANIES ADHERE TO SINGAPORE’S LAWS AND REGULATIONS
Mr Gerald Giam Yean Song asked the Minister for Home Affairs how does the Government ensure that foreign-owned companies that have re-domiciled in Singapore and are now known as Singapore companies adhere strictly to Singapore’s laws and regulations even as they continue to operate in their home countries and elsewhere in the region. Mr K Shanmugam: AllContinue reading “MEASURES TO ENSURE RE-DOMICILED PREVIOUSLY FOREIGN-OWNED COMPANIES ADHERE TO SINGAPORE’S LAWS AND REGULATIONS”
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”
GOVERNMENT GRANTS TO SUPPORT MARQUEE EVENTS AND CONSIDERATIONS IN DECISION-MAKING
Mr Gerald Giam Yean Song asked the Minister for Trade and Industry (a) when did the Government start supporting marquee performance or sports events through grants; (b) for events taking place in 2024, what are the total grants agreed upon and how many tourists are these events expected to attract; and (c) what are the estimated benefitsContinue reading “GOVERNMENT GRANTS TO SUPPORT MARQUEE EVENTS AND CONSIDERATIONS IN DECISION-MAKING”
ENGLISH LANGUAGE PROFICIENCY REQUIREMENT FOR FRESH APPLICATIONS FOR TAXI DRIVER’S VOCATIONAL LICENCE
Mr Gerald Giam Yean Song asked the Minister for Transport (a) when did LTA start requiring new Taxi Driver’s Vocational Licence applicants to have a GCE “O” or “N” level pass in English or at least a Level 3 pass in the Listening, Reading and Speaking modules of the Workplace Literacy-Computer Adaptive Test; and (b) why doesContinue reading “ENGLISH LANGUAGE PROFICIENCY REQUIREMENT FOR FRESH APPLICATIONS FOR TAXI DRIVER’S VOCATIONAL LICENCE”
Office of the Leader of the Opposition 