Loan advice for HDB applicants

Parliamentary Question from Henry Kwek, 1-2 Oct 2018 1. To ask the Minister for National Development whether HDB flat applicants are given detailed advice on their eligibility for a HDB loan including the appropriate quantum to ensure that applicants will not overcommit and be unable to secure a loan after being successfully allocated the flat. Answer....

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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,....

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Fixing broken families

Speech by Henry Kwek At the Yellow Ribbon Community Project Annual Appreciation Luncheon Introduction 1. There is a lot of idealism in this room today. 2. Many of us believe that: – Justice can be tempered with mercy. – We must unlock ex-offenders from their second prison. – And the families of the guilty are innocent. 3. Talking to fellow Singaporeans, I can confidently say that many Singaporeans share the same ideals. 4. So why do some of our ex-offenders face a discriminating eye,....

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Careshield Life premiums solely used for S’poreans

Parliamentary Questions from Henry Kwek on 10 Sep 2018 1. To ask the Minister for Health (a) whether Careshield Life is subjected to the Insurance Act; and (b) if not, how will the Government ensure that the premiums collected are properly managed and payouts made available when claims arise. Answer MOH replied that government plans to set up a CareShield Life Fund. All CareShield Life premiums collected, along with any investment returns from these premiums, will remain entirely within the Fund.....

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