Number of adults using SimplyGo continue to increase even after LTA’s announcement to extend use of ezlink cards
Since LTA’s announcement on 22 January 2024 that LTA would extend the CBT (card-based ticketing) system for adult commuters till at least 2030, the proportion of adult commuters using SimplyGo has continued to increase, Transport Minister Chee Hong Tat revealed in Parliament (5 Feb 2024) In December 2023, 41% of adult commuters were using bank […]
Iswaran charged, will return salary and allowance, focus on clearing his name
Former Minister for Transport, S Iswaran appeared in court yesterday (18 Jan 2024). 27 charges were filed against him. On 16 January 2024, Mr Iswaran wrote to Prime Minister Lee Hsien Loong to resign as a Cabinet Minister and as a member of the People’s Action Party (PAP). He also resigned as Member of Parliament […]
Jamus says scam victims should not bear more than $500 in losses; banks and telcos to bear the rest
In Parliament, WP Jamus Lim suggests that scams victim should not have to bear more than S$100 to S$500 in losses, with banks and telcos bearing the rest of the costs instead. Jamus Lim describes the Monetary Authority of Singapore’s (MAS) loss-sharing framework for phishing scams as “fundamentally unfair”. Under this framework, financial institutions and […]
WP Jamus Lim incredibly equates temporary supermarket discounts with exemption from GST
One thing is certain: supermarkets giving 1% discounts on essential items for a limited period of time is not equal to a policy to exempt ‘essential’ items from GST. First, the discount is only for a limited period of time while an exemption policy is ‘forever’. Secondly, a discount of 9% for all time – […]
Singapore to join Operation Prosperity Guardian to ensure maritime security in the Red Sea: Ng Eng Hen
In Parliament (9 Jan 2024), Defence Minister Ng Eng Hen announced that Singapore would participate in a multinational operation to ensure maritime security in the Red Sea. The Red Sea, which connects the Suez Canal and the Bab el-Mandeb Strait, is the shortest sea route linking Asia and Europe. It is a major Sea Line […]
Singapore is the only non-oil producing country to benefit from our reserves for our annual budget
The most unique thing about Singapore’s finances is that we get a significant amount of money each year from our reserves, that can be spent for the good of Singaporeans, President Tharman said in a Facebook post (8 Jan 2024) This is an outstanding fact, he said. It is outstanding because we are the only country […]
Ministerial statement on money laundering: how the case was uncovered in likely the largest anti-money laundering operation in the world
Singapore’s money laundering case is one of the largest anti-money laundering operations not just in Singapore, but likely the world as well, Mrs Josephine Teo, Minister for Communications and Information & Second Minister for Home Affairs said in a ministerial statement. The probe is comprehensive and extensive. How it was uncovered It began with disparate […]
Singapore Retains World’s Top Maritime Centre For 10th Consecutive Year
Singapore retained its lead as the world’s top maritime centre in the Xinhua Baltic International Shipping Centre Development (ISCD) Index. This is the 10th consecutive year that Singapore has achieved this. The latest Xinhua-Baltic ISCD index published this year by the Baltic Exchange and China’s Xinhua News Agency, ranked Singapore as the leading maritime centre […]
Should banks be mandated to fully reimburse scam victims as suggested by WP Sylvia Lim?
Should banks in Singapore be mandated by law to fully reimburse scam victims, and in a timely manner without much hassle as suggested by WP MP Sylvia Lim? Minister of State for Trade and Industry Alvin Tan said doing so could erode vigilance and personal responsibility, and lull users into complacency. While the amounts lost […]
Jamus Lim’s flawed argument on the second key: he might not have read the Constitution
At the recent Parliament sitting, Prime Minister Lee Hsien Loong explained to WP Jamus Lim that CPIB’s reporting line has two keys, first to the PM and then the President. In a subsequent Facebook post, A/P Jamus Lim of the Workers’ Party (WP) agreed with the need for two keys, but disagreed that they should […]