REASON BEHIND APPROACH TO MONTHLY COMPUTATION OF CPF INTEREST PAYMENTS USING LOWEST AMOUNT BALANCE

Assoc Prof Jamus Jerome Lim asked the Minister for Manpower (a) what is the justification behind the current approach to monthly computation of CPF interest payments using the lowest amount balance; and (b) whether there have been considerations to perform daily or monthly, instead of annual, compounding. Dr Tan See Leng: The CPF system is designed to helpContinue reading “REASON BEHIND APPROACH TO MONTHLY COMPUTATION OF CPF INTEREST PAYMENTS USING LOWEST AMOUNT BALANCE”

COST FOR ACQUIRING AND MAINTAINING FOUR INVINCIBLE-CLASS SUBMARINES

Mr Gerald Giam Yean Song asked the Minister for Defence (a) what is the total cost of acquiring the four Invincible-class submarines; (b) what is the annual cost of their maintenance; (c) how does this compare with the total cost of ownership of the current Archer-class and Challenger-class submarines; and (d) what are the reasons why theContinue reading “COST FOR ACQUIRING AND MAINTAINING FOUR INVINCIBLE-CLASS SUBMARINES”

PARTICIPATION IN INTERNATIONAL FUSION REACTOR PROJECTS AND AVAILABILITY OF FUNDING

Mr Gerald Giam Yean Song asked the Prime Minister with regard to the recent experimental developments in fusion and the Government’s previously stated aims to look into nuclear fusion as a source of electricity generation (a) whether the National Research Foundation is looking to participate in any international fusion reactor projects, like the International Thermonuclear Experimental ReactorContinue reading “PARTICIPATION IN INTERNATIONAL FUSION REACTOR PROJECTS AND AVAILABILITY OF FUNDING”

GOVERNMENT’S ACCOUNTING PRACTICE FOR DEVELOPMENT EXPENDITURE

Assoc Prof Jamus Jerome Lim asked the Deputy Prime Minister and Minister for Finance (a) what is the Government’s accounting practice for development expenditure; (b) what are the reasons for using such accounting practice; and (c) whether such accounting practice results in the full expense of the development expenditure at the point of appropriation rather than asContinue reading “GOVERNMENT’S ACCOUNTING PRACTICE FOR DEVELOPMENT EXPENDITURE”

NUCLEAR ENERGY OPTIONS THAT DO NOT REQUIRE DOMESTICALLY LOCATED REACTOR

Mr Leon Perera asked the Minister for Trade and Industry whether including nuclear energy in our national energy mix using options that do not involve a domestically located reactor, for example, by using floating barges, is being reviewed in tandem with the Government’s lowering and bringing forward of Singapore’s emissions peak. Mr Gan Kim Yong: Singapore has limitedContinue reading “NUCLEAR ENERGY OPTIONS THAT DO NOT REQUIRE DOMESTICALLY LOCATED REACTOR”

CLIMATE ACTION TRACKER’S ASSESSMENT OF SINGAPORE’S CLIMATE TARGETS AND POLICIES

Mr Dennis Tan Lip Fong asked the Minister for Sustainability and the Environment (a) whether the Government is aware of the Climate Action Tracker’s (CAT) assessment of Singapore’s climate targets and policies as of November 2022 and, if so, what are its views; (b) whether the Government has formally engaged CAT on this assessment and, if so,Continue reading “CLIMATE ACTION TRACKER’S ASSESSMENT OF SINGAPORE’S CLIMATE TARGETS AND POLICIES”

COLLECTION OF NRIC AND PERSONALLY IDENTIFIABLE INFORMATION BY SECURITY OFFICERS AT COMMERCIAL AND PRIVATE RESIDENTIAL FACILITIES

Mr Leon Perera asked the Minister for Communications and Information what recourse do visitors to commercial and private residential facilities have when security officers at these facilities ask to collect their NRIC numbers or other personally identifiable information in contravention of the Security Association Singapore and Personal Data Protection Commission guidelines. Mrs Josephine Teo: Security officers can checkContinue reading “COLLECTION OF NRIC AND PERSONALLY IDENTIFIABLE INFORMATION BY SECURITY OFFICERS AT COMMERCIAL AND PRIVATE RESIDENTIAL FACILITIES”

PERSONAL COSTS ORDERS SOUGHT BY PUBLIC PROSECUTOR AGAINST DEFENCE COUNSEL

Mr Leon Perera asked the Minister for Law for each year between 2018 and 2022 (a) what is the number of cases in which personal costs orders are sought by the Public Prosecutor against a defence counsel; (b) how many of such orders are granted by the Courts; and (c) what are the maximum and median quantumContinue reading “PERSONAL COSTS ORDERS SOUGHT BY PUBLIC PROSECUTOR AGAINST DEFENCE COUNSEL”

COSTS ORDERS SOUGHT BY ACCUSED OR DEFENCE COUNSEL AGAINST PUBLIC PROSECUTOR

Mr Leon Perera asked the Minister for Law for each year between 2018 and 2022 (a) what is the number of cases in which the accused or their defence counsel have sought costs orders against the Public Prosecutor; (b) how many of such orders are granted by the Courts; and (c) what are the maximum and medianContinue reading “COSTS ORDERS SOUGHT BY ACCUSED OR DEFENCE COUNSEL AGAINST PUBLIC PROSECUTOR”

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”