Fairer tax rebates

SPEECH BY ER DR LEE BEE WAH, MP FOR NEE SOON GRC, AT THE SECOND READING OF INCOME TAX (AMENDMENT) BILL IN PARLIAMENT   Mr Speaker, Private-hire car (PHC) services which in the days of old used to be one of the modes of transport for those in the better-off segment of society, is today an affordable transport option for the masses. And, in spite of various issues enshrouding the PHC, the demand for their services has not abated.....

Read more >

Ensuring lawful conduct from VCCs

Speech by Mr. Louis Ng Kok Kwang, MP for Nee Soon GRC at the Second Reading of the Variable Capital Companies Bill [Bill no. 40/2018] Introduction   Sir, I stand in support of this Bill. When investment managers are deciding where to house their funds, they look for three key things: privacy for their investors; flexibility in their operations; and tax exemptions from the government.   Until now, we have had no corporate structure providing all of these features.....

Read more >

The right to be heard

Speech by Mr. Louis Ng Kok Kwang, MP for Nee Soon GRC at the Second Reading of the Supreme Court of Judicature (Amendment No.2) Bill [Bill no. 33/2018]   Introduction Sir, I stand in support of this Bill, which updates our civil procedure framework. In particular, I welcome the clarification that the court may hear matters through live video or television link.   This aligns the legislative framework with the tools already at the disposal of court users such as the Technology courts and Mobile Technology Facility Services for use in non-technology courtrooms and hearing chambers.....

Read more >

Welfare Spending and Budget Sustainability

Speech by Henry Kwek at World Bank-Lee Kuan Yew School of Public Policy Asia Competitiveness Institute luncheon   Today, we’re here to talk about Singapore’s welfare spending, and the budget sustainability. The answer to this question is significantly tougher than it is say a decade ago. Singapore today is A small open economy existing in a moment of hypercompetitive globalization, technological upheavals, amidst fundamental geopolitical shifts. A society staring down on a demographic cliff. A society of people with a heightened national identity,....

Read more >