Madam Speaker, I rise in support of the Bill. Introduction The Amendments to the Company’s Act is ground- breaking in 2 ways: The incorporation of elements from US Chapter 11 into our corporate insolvency regime which has English roots; and The adoption of the UNCITRAL Model Law on cross-border insolvency. We can all agree that this Bill would serve to bring about significant changes to our corporate insolvency regime, which will strengthen Singapore’s role in debt restructuring.....
For the Ministry of Health 1. Louis Ng: Extending ElderShield payouts Eldershield is meant to be a severe disability insurance scheme. However, payouts are only for 72 months and a quarter of claimants outlive this and still need care. Will the Ministry consider making payouts for life? Premiums are also higher for women than men. Insurance is supposed to pool risk across different life expectancies. Will the Ministry also consider making premiums equal for men and women?....
For the Ministry of Transport 1. Er Dr Lee Bee Wah: Bus services Our Minister has been talking about a car-lite society, and I am all for it. To be car-lite, we need to further improve our public transport. We need to make bus journeys, especially in the morning and evening peak hours, more pleasant. But for many Nee Soon South residents, this is not the case. The worst bus services in Nee Soon South are bus 860 and 811 which pick up residents from new BTOs,....
For the Ministry of Finance 1. Kwek Hian Chuan Henry: SMEs and Government Procurement Government demand is a very important part of total business demand. As such, government procurement policies impact our businesses, especially SMEs. Is there more that our government can do to ensure that government procurement contracts (especially those related to construction, maintenance, and transportation that goes beyond hundreds of millions) are not unnecessarily big, which could have the unintended effect of crowding out SMEs from competing effectively in terms of government procurement?....