Gan Kim Yong
Singapore
“Consumer complaints relating to the secondary resale market for tickets to major events and concerts have generally remained low. Nonetheless, to protect the public from scams on secondary ticket resale platforms, the Police have imposed Code of Practice requirements under the Online Criminal Harms Act to require designated online service…”
“Singapore does not condone the use of forced labour. We criminalise forced labour in Singapore under various laws. Relevant Government Ministries and agencies, such as the Ministry of Manpower, Ministry of Home Affairs and Singapore Police Force, play their part in investigating complaints of suspected breaches in domestic laws that relat…”
“The Association of Banks in Singapore (ABS) discontinued the PayNow nickname feature as scammers had been exploiting the use of nicknames to impersonate legitimate entities and trusted individuals.”
“As of end-2025, around 6,900 private residential buildings have registered their solar installations with SP Group for the export of excess solar-generated electricity to the grid. The installed solar capacity of these residential buildings is 115.3 megawatt-peak (MWp), or around 5.5% of all current installed solar capacity in Singapore.”
“The one-year pilot extension of liquor trading hours has seen strong interest from businesses. As of 31 May 2026, the Police have approved 88 applications for the extension of liquor trading hours from public entertainment outlets in these areas.”
“The Government does not make projections of domestic or regional demand for renewable diesel or sustainable aviation fuel. Demand depends on commercial considerations, evolving market conditions and regulatory developments across different jurisdictions.”
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“Manpower shortages in the construction sector have adversely affected the pace of construction activities and dampened output in the sector. In the first three quarters of 2021, the real value-added of the construction sector was 25 per cent below its pre-pandemic level in the same period of 2019. Notwithstanding the resulting delays in construction projects, the overall economy has remained resilient. In the first three quarters of 2021, the real GDP of the Singapore economy had recovered to 0.6 per cent above its level in the same period of 2019, supported by the strong performance of outward-oriented sectors such as manufacturing, finance and insurance. The Government recognises the challenges faced by the construction sector, and has implemented several measures to alleviate the tight manpower situation in the sector. These include making it easier for construction firms to retain their existing workers, and helping them to bring in new workers. Firms in the sector have also taken the lead to bring in more workers safely through a tightened end-to-end process. The Government remains committed to working with firms in the sector to meet the manpower needs of key ongoing projects.”
“From December 2019 to June 2021, 3,440 F&B businesses ceased operations, while 5,620 new F&B businesses were formed. Total employment in the F&B sector was lower by about eight percent in June 2021 compared to December 2019. The Government has supported the Food Services sector with enhanced wage support under the Jobs Support Scheme to help F&B firms retain local workers and cope with business costs during this challenging period. Last April, Enterprise Singapore also introduced the Food Delivery Booster Package to encourage F&B businesses to tap on food delivery services, by defraying commission and delivery costs. The Government is also committed to supporting job seekers through Workforce Singapore’s Careers Connect and NTUC’s e2i career centres, and initiatives under the SGUnited Jobs and Skills Package.”
“I thank the Member for his question. It has been addressed in my reply to Question Nos 11 to 30 for oral answer on the Order Paper for 1 November 2021. [Please refer to "Support for Industry and Consumers Given Higher Electricity Prices and Recent Exit of Electricity Retailers", Official Report, 1 November 2021, Vol 95, Issue 41, Oral Answers to Questions section.]”
“As at end-August 2021, over 140,000 local jobseekers have been placed into jobs and skills opportunities under the SGUnited Jobs and Skills Package, which allow them to pick up job-related skills and capabilities. Workforce training and upgrading will remain our top priority to enable our workers to seize the opportunities as the economy transforms. Collectively, these initiatives will help to promote productivity improvements and we encourage companies and workers to take advantage of them.”
“The Singapore economy contracted by 5.4% in 2020 due to the COVID-19 pandemic. However, labour productivity, as measured by real value-added per actual hour worked, rose by 1.3%, as the total number of actual hours worked fell by a larger extent. This was due to the physical workplace closures implemented during the circuit breaker, as well as the subsequent phased resumption of activities last year. In the first half of 2021, labour productivity grew by 4.6% on a year-on-year basis, supported by the recovery in the Singapore economy. To sustain Singapore’s productivity growth, it is important that we continue to transform our sectors and enterprises and upgrade our workforce. Our Industry Transformation Maps (ITMs) chart the direction for our efforts to transform our sectors. We are currently refreshing the ITMs to meet the accelerated changes brought about by COVID-19. For each of the 23 ITM sectors, we will update our sectoral strategies to create and seize opportunities and improve the productivity and wages of workers through digitalisation, innovation, internationalisation, the upskilling of workers and job redesign. The Government will continue to support efforts by our enterprises to uplift productivity through automation and training. For example, we have worked with trade associations and chambers to set up a network of SME Centres that provide advisory services to our small- and medium-sized enterprises. We also have a comprehensive range of support to help businesses transform, including the Productivity Solutions Grant and SkillsFuture Enterprise Credit. With COVID-19, the National Jobs Council was also formed to spearhead efforts to create jobs and training opportunities for local jobseekers.”
“As of 21 October 2021, over 1.25 million Singaporeans have used their SingaporeRediscovers Vouchers (SRV) at least once. Collectively, about $256 million in vouchers and additional expenditure have been spent under the scheme. The ability to use NRIC or other identification documents at selected Community Clubs/Centres and Residents’ Committee Centres in Singapore has made it easier for some groups, such as seniors, to redeem their vouchers. Alongside other efforts to enhance the redemption process, such as setting up SRV counters at attractions, more citizens have been able to redeem their vouchers and enjoy the tourism offerings in Singapore. The SRV was designed to give Singaporeans an opportunity to rediscover the charms of Singapore and to support the core tourism sectors, such as hotels, attractions and tours. The SRV programme also benefits the F&B sector as many F&B establishments have collaborated with tourism businesses to curate packages that attract and draw local consumers to their outlets as well. We will continue to monitor the situation before considering if an extension of the SRV redemption deadline is needed.”
“Data on helium imports is aggregated with “other rare gases”. As such, the Government is unable to track the specific amount of helium that is imported into Singapore each year. Helium is used to cool semiconductor components and the superconducting magnet in magnetic resonant imaging machines due to its high thermal conductivity. Helium is also used in some healthcare settings, such as to inflate intra-aortic balloon pumps. Firms have a natural incentive to not waste helium to minimise costs.”
“I thank the Member for his question. I have addressed it in my reply to Question Nos 11 to 30 for oral answer on the Order Paper for 1 November 2021. [Please refer to "Support for Industry and Consumers Given Higher Electricity Prices and Recent Exit of Electricity Retailers", Official Report, 1 November 2021, Vol 95, Issue 41, Oral Answers to Questions section.]”
“In 2019, the two Integrated Resorts (IRs) committed around S$9 billion in investment to build new world-class tourism and MICE facilities. The IRs remain committed to delivering on their expansion plans. However, with the disruption that COVID-19 has had on the construction industry, both IRs have indicated that there will be potential delays in the completion of their projects. The new casino tax rates will still take effect from 1 March 2022.”
“For low-income households, MSF continues to provide ComCare assistance to support their daily expenses. The Government keeps a close watch on the prices of essential goods and will continue to take action against businesses which seek to profiteer from the situation.”
“As an open economy, Singapore firms will feel the impact of global supply chain disruptions to varying degrees, depending on their level of exposure to imported supplies and, more fundamentally, on their business practices. Firms in the manufacturing sector are facing higher cost pressures as they import intermediate inputs from around the world. Similarly, firms in the construction sector have seen a rise in the costs of key construction materials, such as steel bars, granite, cement and read-mixed concrete, partly due to a global supply crunch amidst the global economic recovery. Given rising cost pressures and a higher frequency of supply disruptions, businesses have to hold higher inventory buffers or provide more favourable payment terms to customers and suppliers which will require higher working capital. To help SMEs with their cash flow challenges, ESG will continue to support them through the Enterprise Financing Scheme. Consumers, too, may experience some price increases as a result of supply chain disruptions. For instance, domestic food prices have risen on the back of an increase in global food commodity prices, which is due, in part, to weather-related disruptions and manpower shortages in key food-producing countries. In addition, congestion at ports around the world have led to higher freight charges and contributed to a rise in the prices of imported consumer goods in Singapore. To mitigate against price increases on essential products, Singapore has been diversifying its import sources to encourage price competitiveness. For daily necessities, consumers can also make use of the Consumers' Association of Singapore (CASE)’s Price Kaki App, to compare the prices of groceries and hawker food to make more informed purchasing decisions.”
“As at June 2021, the non-resident population in Singapore was 1.47 million, 10.7% lower than in June 2020. This reduction was largely due to non-resident workers as a result of uncertain economic conditions and border restrictions amidst the COVID-19 pandemic. The number of non-resident workers fell across all pass types, with work permit holders in the construction, marine shipyard and process sectors accounting for the largest drop. The fall in non-resident workers, coupled with a pick-up in demand for workers amidst the ongoing economic recovery, has increased the number of seasonally adjusted job vacancies in the overall economy to an all-time high of 92,100 in June 2021. The number of vacancies is especially acute in sectors which rely most on non-resident workers, such as construction and manufacturing. The seasonally adjusted job vacancy to unemployed person ratio increased to 1.63 in June 2021, exceeding 1 for the first time since March 2019. The labour shortages have raised business costs, reduced profit margins, and contributed to higher consumer prices in finished products. The labour shortages have also slowed the recovery of some sectors, particularly those that are more reliant on non-resident workers, such as construction and marine and offshore engineering. To help affected sectors and firms, the Government has provided foreign worker levy rebates and helped companies retain and hire new work permit holders. The Government is also facilitating the safe inflow of new workers to alleviate the manpower crunch.”
“Antigen Rapid Tests (ARTs) are an essential tool in our safe transition to a COVID-19-resilient nation. Over the past three months, around 83 million ART kits have been distributed or sold in Singapore. These include the ART kits that MOH has distributed to households and companies, free kits for those who have received Health Risk Warnings and those sold in retail outlets and on e-commerce platforms. MTI works closely with retailers, manufacturers and distributors to ensure a reliable supply and healthy stock of ART kits in Singapore. Today, there are eight ART self-test kits approved by Health Sciences Authority for sale at major retailers and e-commerce platforms, and an additional two locally-manufactured ART kits for use within a clinical setting with professional guidance. The availability of more options for retail and professional use will keep the prices of ART kits competitive. To date, MTI has not received reports of businesses profiteering from the sale of ART kits.”
“I thank the Members for their questions. They have been addressed in my reply to Question Nos 11 to 30 for oral answer on the Order Paper for 1 November 2021. [Please refer to "Support for Industry and Consumers Given Higher Electricity Prices and Recent Exit of Electricity Retailers", Official Report, 01 November 2021, Vol 95, Issue 41, Oral Answers to Questions section.]”
“In addition, the Building and Construction Authority (BCA) has been encouraging the adoption of solar panels by recognising higher levels of solar deployment under the new Green Mark 2021 scheme. Solar energy is the most viable renewable energy in Singapore. The Government will continue to work with all stakeholders to maximise solar energy adoption in Singapore.”
“Singapore is on track to achieving our solar panel deployment target of at least 2 gigawatt-peak (GWp) by 2030. Solar installed capacity increased over eight-fold from 2015 to over 500 megawatt-peak (MWp) in the second quarter of 2021. The Government has taken the lead in accelerating rooftop solar deployment through programmes such as the SolarNova programme, which aggregates demand for solar systems across the public sector. In addition, we are also exploring innovative ways of deploying solar systems on spaces such as water bodies, temporary vacant land and sheltered walkways. For example, we recently commissioned our first large-scale floating solar system at Tengeh Reservoir, which at 60 MWp, is one of the world’s largest inland floating solar farms. To facilitate the deployment of solar energy, the Energy Market Authority (EMA) has enhanced its regulatory framework to make it easier for solar adopters to sell excess solar electricity back to the grid. For example, EMA’s Simplified Credit Treatment Scheme or Enhanced Central Intermediary Scheme allows consumers to register their solar installations with SP Group and be paid directly through their monthly bill. To facilitate solar deployment in commercial and industrial facilities, JTC Corporation (JTC) works with their lessees and the industry to promote the adoption of solar energy systems through their SolarRoof and SolarLand programmes. For example, JTC’s SolarRoof Programme allows lessees to solarise their roof with zero upfront capital outlay. Lessees can also tap on renewable energy from JTC’s SolarLand to meet their renewable energy targets.”
“Many F&B establishments have adapted to changing consumer preferences and the safe management measures on dining in by making food delivery a regular part of their business operations. Last April, Enterprise Singapore introduced the Food Delivery Booster Package to encourage F&B businesses to offer food delivery services, by defraying commission and delivery costs. To date, more than 10,000 F&B establishments have benefited from the package. Apart from support for food delivery costs, F&B businesses also received enhanced levels of wage support under the Jobs Support Scheme during periods of tightened restrictions. The food delivery platform market is a relatively competitive one. F&B establishments can choose from a range of food delivery platforms and third-party logistics providers, with different business models and commission fee structures. Some food delivery platforms have, at times, removed onboarding fees or commissions to attract more F&B businesses. Regulating the commission rates of food delivery platforms at this point will not be helpful. The price mechanism reflects the demand and supply of food delivery services. Keeping the commission rates artificially low could result in longer delivery times, reduce earnings for food delivery personnel and inadvertently hurt F&B establishments through reduced business. Nonetheless, I would like to assure the Member that the Competition and Consumer Commission of Singapore will continue to monitor the food delivery sector for any anti-competitive practices.”
“Against this backdrop, CPI-All Items inflation is projected to come in at around 2% this year and average 1.5% to 2.5% in 2022. Despite the rise in inflation, Singapore’s economic recovery for the year remains on track. Barring a major setback in the global economy, GDP growth is expected to come in between 6% and 7% for the full year, mainly supported by outward-oriented sectors, such as the manufacturing, finance and insurance, and information and communications sectors.”
“CPI-All Items inflation picked up to 2.5% on a year-on-year basis in the third quarter of 2021, from 2.3% in the second quarter. The rise in domestic inflation came largely on the back of higher external inflation due to increases in global energy and food commodity prices, and persistent supply bottlenecks in key global industries and transport hubs. On the energy front, crude oil prices have risen to above US$80 per barrel since early October on account of the decision by Organization of the Petroleum Exporting Countries Plus (OPEC+) to keep supply increases modest, even as oil demand continues to pick up due to the global economic recovery and the rally in global natural gas prices. Higher oil and gas prices will translate to higher electricity prices domestically. About 95% of our electricity is currently generated using natural gas. On the food front, global prices for food commodities such as cereals and vegetable oil have risen due to supply constraints arising from weather-related disruptions, manpower shortages and export restrictions in key food-producing countries, amidst rising global demand. Higher global food prices will in turn exert upward pressure on domestic food prices. Meanwhile, supply bottlenecks for goods such as semiconductors, and congestion at ports around the world have contributed to a rise in the prices of imported consumer goods in Singapore. Domestically, we expect labour costs to rise as the labour market continues to recover and border restrictions limit non-resident worker inflow. We also expect to see inflation in accommodation to persist due to strong rental demand for housing amidst construction delays caused by labour shortages in the construction sector.”
“The ratification of the Regional Comprehensive Economic Partnership (RCEP) Agreement is dependent on the respective domestic process of each RCEP signatory. The RCEP Agreement will enter into force 60 days after a minimum of six ASEAN signatories and three ASEAN FTA Partner signatories ratify the Agreement and deposit their respective Instruments of Ratification (IORs) with the ASEAN Secretary-General. Apart from Singapore, the ASEAN Secretariat has notified RCEP signatories of the deposit of China’s and Japan’s IORs. Notwithstanding the complications arising from the COVID-19 pandemic, the remaining RCEP signatories have indicated that they are targeting to ratify the Agreement within 2021, with entry-into-force targeted for early 2022. We will continue to work closely with other RCEP signatories towards this.”
“Singapore welcomes China’s interest to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). The CPTPP is an open and inclusive agreement that is open to accession by any economy that is willing and able to meet the high standards of the Agreement. Expansion of the Agreement will enhance further economic integration and boost plurilateral economic ties. It will also create the foundation of a Free Trade Area of the Asia Pacific and beyond. CPTPP parties will discuss matters on accession and any decision will be taken by consensus amongst the parties.”
“The Electricity Futures Market (EFM) is operated by the Singapore Exchange (SGX) in line with its obligations as an approved exchange under the Securities and Futures Act (SFA). Under SFA, SGX is required to ensure that the markets it operates are fair, orderly and transparent and there is no market manipulation. SGX has assessed that the increased volatility in electricity futures prices in the month of July 2021 can be attributed to price movements in the underlying spot electricity market. In particular, SGX noted that this coincided with an unplanned gas curtailment which caused prices to increase in the underlying spot market. The gas curtailment was due to a temporary drop in gas production upstream which has since been resolved. The spot electricity prices have now stabilised. In its assessment, SGX did not observe any trading irregularities during this period of increased volatility in electricity futures prices. MTI and the Energy Market Authority (EMA) have engaged the Independent Retailers’ Association on the recent price volatility. EMA requires all Open Electricity Market (OEM) electricity retailers to hedge at least 50% of their contracted load against wholesale electricity prices. Any exposure is taken at the retailer’s own risk. We encourage all electricity retailers to review their risk management practices and ensure that they are sufficiently hedged against price movements.”
“The Department of Statistics (DOS) already publishes data on Consumer Price Index changes for the lowest 20%, middle 60% and highest 20% household income groups on a half-yearly basis. The data can be found on DOS’ website.”
“Singapore currently does not produce finished vaccines, although we manufacture active components that go into making the final product, for example, bacteria antigens. We are anchoring more vaccine manufacturing activities here not only to meet local demand but also to supply to the world. For example, BioNTech’s new plant in Singapore will begin manufacturing COVID-19 vaccines from 2023, while Thermo Fisher and Sanofi will manufacture a range of vaccines. We are strengthening our research and innovation ecosystem to complement and support our biopharma manufacturing activities. For example, MOH launched the Programme for Research in Epidemic Preparedness and Response (PREPARE) this year. One of the thrusts of this programme is to develop research and technology platforms that can be used for both infectious and non-infectious disease vaccines. This would deepen our research capabilities, enhance Singapore’s attractiveness as a vaccine development partner and improve our access to potential vaccines during future epidemics. Collectively, these efforts will strengthen and secure Singapore’s position as a leading pharmaceutical hub.”
“SP Services has been progressively replacing households’ analogue (cumulative) electricity meters with advanced electricity meters which allow households to track their electricity consumption through the SP Utilities Mobile App. This will help households better understand their electricity usage patterns and encourage them to be more energy efficient. In addition, NEA provides online resources via the E2Singapore website to help households to design energy-efficient homes and adopt energy-saving habits. For example, they can use the Life Cycle Cost Calculator to compare the energy efficiency levels of different home appliances. They can also refer to the Resource Efficiency Guide for New Home Owners for energy-efficient home renovation tips. Last November, NEA and PUB launched the Climate Friendly Households Programme to encourage the 1-room to 3-room HDB households to switch to using resource-efficient appliances. Each eligible household is given e-vouchers to offset their cost of purchasing LED lights, energy-efficient refrigerators and water-efficient shower fittings. We encourage all Singaporeans to adopt energy conservation as a way of life – from designing an energy-efficient home, to choosing energy-efficient appliances and adopting energy-saving habits.”
“Over the last one and a half years, fuel prices have more than doubled. Many jurisdictions, including China, Japan, the European Union and the United Kingdom have been affected. As an energy importer, Singapore will also be impacted by price movements in the global energy market. We cushion the impact of short-term spikes in fuel prices in two ways. One, power generation companies buy the bulk of their natural gas under multi-year gas supply contracts. Two, they pass on some of this price stability to consumers through fixed price plans. Nonetheless, sustained high fuel prices will eventually feed into our electricity prices. We are importing close to 100% of our energy needs today. In spite of best efforts to deploy solar energy in Singapore, we are land constrained and will need to continue to rely on energy imports one way or another, and be subject to global price movements. Fuel prices have been low for some time and had dipped to their lowest in the last 20 years earlier this year, but as we have seen, may rise as global demand recovers. At the same time, wholesale electricity prices have been depressed below the cost of producing electricity in the last five years, due to the overcapacity in generation. With rising demand from sectors such as data centres, 5G networks and electric vehicles, we will see electricity prices rise and normalise. No company that is commercially run will sell electricity below cost perpetually. Eligible households will receive GST Voucher – U-Save rebates to support them with their utility expenses. This year, we provided an additional 50% of rebates through the GST Voucher U-Save Special Payment which was disbursed in April and July 2021. At the same time, we encourage households to use electricity prudently in various ways.”
“These include: (a) Grants like the Jobs Support Scheme and the Rental Support Scheme to help firms defray costs and retain workers; (b) Financing schemes like the Temporary Bridging Loan to help address cashflow needs; and (c) Development grants like the Enterprise Development Grant and the Enhanced Training Support Package to help firms transform and uplift their businesses. To alleviate the tight foreign manpower situation, the Government has relaxed regulatory conditions to help firms retain their work permit holders. We are also facilitating the safe inflow of new workers from a range of source countries. We are prepared to consider other ways to help our firms as needs arise. Singapore has weathered many crises in the past. We have done it before, and I am confident that as long as we stay united and resilient, we will emerge from COVID-19 stronger than before.”
“Singapore is a small, globally connected economy that thrives on the flow of people and goods. As we move towards COVID-19 resilience with a high rate of vaccination, we will be gradually easing our border restrictions. We had earlier introduced Vaccinated Travel Lanes with Germany and Brunei, and have recently included more countries in Categories II and III following a review of their COVID-19 situations. This facilitates travel with more countries, and we will continue to establish VTL and other travel arrangements with key destinations. Keeping Singapore connected to the world is important for three reasons. First, Singapore’s strategic position as a business hub depends on our connectivity with the world. Many companies here serve global or regional markets. Continued restrictions on business travel will hamper their ability to operate effectively. Second, the recovery of our travel-dependent sectors such as aviation, tourism, and meetings, incentives, conferences and exhibitions (MICE) relies on foreign visitors. These sectors employ many Singaporeans and have borne the brunt of the ongoing pandemic. Third, we will need to ease labour shortages, particularly in the construction sector, which has been experiencing serious project delays or disruptions, including many BTO projects. Many families are also awaiting domestic workers to help care for their loved ones. By progressively and carefully restoring international connections with the rest of the world, we not only help our economy emerge stronger, but also help to meet the housing and care needs of Singaporeans. In the meantime, the Government has implemented a comprehensive suite of measures to help firms, especially our SMEs, to tide through this challenging period.”
“The Government does not have plans to regulate the sale of top-up cards for online gaming at this time. Nevertheless, we recognise that gaming addiction among youths is an area of concern. It is a complex and multi-faceted issue requiring both social interventions to engage and support affected youths and working with the industry to put in place safeguards to reduce the risk of gaming addiction. Agencies will continue to work together to monitor the situation and intervene if needed. We will also regularly review our laws to keep them up to date with technological trends.”
“Under the Consumer Protection (Fair Trading) Act (“CPFTA”), a deliberate act by any business to advertise its product or service at a price that is lower than what the supplier intends to sell could amount to an unfair practice which can be investigated by the Competition and Consumer Commission of Singapore (CCCS). We do not, however, have regulations that govern or punish genuine mistakes. Consumers can approach the Consumers Association of Singapore (CASE) to seek assistance to resolve any dispute or file a claim at the Small Claims Tribunal. Businesses can also refer to the Guidelines on Price Transparency published by CCCS for actions that suppliers should take to ensure that prices are accurate and communicated clearly, as well as good practices that suppliers should adopt to minimise potential disputes with consumers.”
“Food catering businesses are allowed to cater individually packed food for events and delivery. However, self-service food lines have not been allowed to resume. This is because the risks of COVID-19 transmission for food lines where diners serve themselves is high, and can take place through the contamination of exposed foods and the common use of serving utensils. Nevertheless, we recognise that in some settings, the food line format may be preferable to other forms of catering such as table service. The Government, in consultation with the Association of Catering Professionals Singapore (ACAPS), thus developed a set of safe management measures under which staff-served food lines have been allowed to resume at F&B premises and events. This form of catering is less risky than self-service food lines and allows catering companies to resume catering in a form that is closer to their traditional business format. We are continually reviewing our safe management measures and will review the resumption of self-service food lines at a suitable time, with the necessary safeguards in place, as we transition towards living with COVID-19.”
“Due to the detection of COVID-19 cases, China imposed partial and temporary closures at the Yantian International Container Terminal at the Port of Shenzhen and the Meidong Container Terminal at the Port of Ningbo-Zhoushan for 34 days and 14 days respectively. Both ports collectively accounted for 8% of Singapore’s imports from China in 2020. We have not received any feedback from companies on supply chain disruptions due to these port closures. We expect the overall impact to be manageable, as our companies have been strengthening their business continuity and supply chain resilience plans since the outbreak of COVID-19. The direct impact of these port closures on Singapore’s GDP growth and inflation rate is therefore also expected to be limited. The Government will continue to work closely with industry partners to build stronger supply chain risk management practices, to minimise the risk and impact of future supply chain disruptions.”
“Since January 2020, eight hair and beauty salons have signed Voluntary Compliance Agreements (VCA) with the Consumers Association of Singapore (CASE) or been investigated by the Competition and Consumer Commission of Singapore (CCCS). Of these, six firms have opened new outlets or relocated an existing outlet. There were four such new outlets in HDB heartlands. Three of the eight salons are under active investigations. These are listed on CASE’s Company Alert List. CASE monitors salons that have entered into VCAs very closely and will not hesitate to refer them to CCCS for investigation under the Consumer Protection (Fair Trading) Act. We urge consumers to exercise extra caution in dealing with firms on the Company Alert List. Those who have encountered suppliers with egregious conduct should approach CASE as the information will help CCCS with investigations.”
“MTI will also continue to keep in close contact with our EU counterparts on their implementation of the mechanism and ensure that our trade and investment relations remain strong and robust.”
“On 14 July 2021, the European Union (EU) released draft legislation for a Carbon Border Adjustment Mechanism (CBAM). The CBAM aims to equalise the price of carbon between EU products and imports for a sub-set of products in five sectors: (i) cement; (ii) iron and steel; (iii) aluminium; (iv) fertilisers; and (v) electricity. During the transitional period from 2023 to 2025, the CBAM will require EU importers of these products to report carbon emissions embedded in their imports. From 2026 onwards, the CBAM will require EU importers to purchase CBAM certificates corresponding to the level of carbon emissions embedded in their imports of affected products. Based on the list of products in the draft legislation, we expect limited impact on Singapore’s domestic exports to the EU. Between 2016 and 2020, the average annual value of our domestic exports to the EU was around S$19 billion, of which affected products was around 0.08%, or S$14 million. Singapore is a strong supporter of multilateralism and global climate action. We have been working closely with the EU and other partners at international, regional and bilateral platforms to explore multi-faceted strategies in tackling climate change. At the same time, measures such as the CBAM should be consistent with WTO principles and not raise barriers to international trade. In particular, the CBAM should be applied in a non-discriminatory manner. It should also take into account existing carbon taxation or other mitigation mechanisms implemented by exporting countries. We will continue to help Singapore-based companies to do more business in the EU by using the EU-Singapore Free Trade Agreement and to navigate issues arising from the EU’s CBAM.”
“The Government adopts a multi-pronged approach to manage cost of living pressures faced by Singaporeans, including low-wage workers. First, the Government aims to keep the economy competitive to ensure that companies continue to create good jobs with sustained income growth. As companies are better able to sustain real wage increases if productivity improves, the Government has put in place schemes such as the Productivity Solutions Grant to help companies raise their productivity. Second, the Government promotes competition in markets and lowers barriers to entry where possible to ensure that Singaporeans enjoy competitive prices. For instance, we have diversified our sources of supply, including for food, in order to prevent sharp price increases whenever there are disruptions to our supply from any particular source. Third, the Government strives to moderate business cost increases by managing domestic supply-side constraints. For example, the Government ensures an adequate supply of industrial and commercial space to meet rising demand, which helps to relieve the price and rental cost pressures faced by businesses. This in turn helps to moderate the cost increases for consumers. The Government will continue to monitor cost of living trends closely and adjust its policies if necessary. Assistance such as through ComCare will continue to be provided to low-income and vulnerable Singaporeans who need help with their daily living expenses.”
“In May and August 2021, after detecting several COVID-19 cases, China imposed partial and temporary closures at the Yantian International Container Terminal at the Port of Shenzhen and the Meidong Container Terminal at the Port of Ningbo-Zhoushan for 34 and 14 days respectively. While both ports accounted for approximately 8% of Singapore’s imports from China, the port closures did not have a significant direct impact on Singapore’s economy and supply chains. However, in a globally connected network, such port closures would create a chain effect and affect operations at subsequent ports of call, particularly at major transhipment nodes like Singapore. For example, when there is a delay in vessel arrivals, shippers would need time to re-plan and execute cargo movements. To mitigate the impact of the delays, the Port of Singapore Authority (PSA) has been working closely with the shipping lines, cargo owners and other supply chain stakeholders to track the handling of time-sensitive cargo to minimise delays. Such port closures may be more frequent in the future and therefore, businesses will need to strengthen their supply chain risk management and business continuity plans.”
“Singapore imports natural gas from around the world, including Piped Natural Gas (PNG) from Indonesia and Malaysia, and Liquefied Natural Gas (LNG) from Australia, Egypt, Equatorial Guinea, Oman and the United States. The amount of external methane emissions associated with piped natural gas and liquefied natural gas depends on the production, processing, transportation and distribution processes. As these differ across different sources of natural gas and given the diversified sources that Singapore draws natural gas from, the amount of external methane emissions arising from natural gas imported to Singapore varies. We have not conducted a study on the external methane emissions associated with the natural gas imported and consumed in Singapore.”
“Since the Productivity Solutions Grant (PSG) was launched on 1 April 2018, over 77,000 grants have been taken up by SMEs and micro SMEs, with about 85% taken up by enterprises from the Industry Transformation Map (ITM) sectors. PSG supports the ITMs by helping SMEs adopt pre-scoped productivity solutions. Agencies review these solutions regularly to ensure that they are effective in raising productivity, thereby laying the foundations for sustainable wage increases for workers. PSG recipients are not required to report the wage increases arising from the solutions. As a proxy, the real median income from work of full-time Singaporeans (including employer CPF contributions) since the introduction of the ITMs in 2016 has risen by 3.7% per annum from 2016 to 2019.”
“The Government, the private sector, research institutions and IHLs will need to work together to better understand space, which will allow us to harness its vast potential for everyone’s collective benefit. Together, we can grow an innovative space ecosystem, build deep capabilities and forge strong partnerships, so that we can reach for the stars.”
“We have also launched several R&D grant calls where space-based technologies can support our national priorities in aviation, maritime, climate and the environment, and resilience. For instance, OSTIn opened a grant call in June for R&D proposals for disruptive small satellite technologies to improve the performance of satellite buses and payloads, while reducing size and cost. Second, we hope to inspire a future generation to fulfil their dreams in space. One such avenue is by preparing our students to take on job opportunities in this area through space-based Science, Technology, Engineering, and Mathematics (STEM) programs. Earlier this year, OSTIn and the Singapore Space and Technology Limited partnered the School of Science and Technology to conduct a workshop for Secondary school students on radio communication with satellites. This was a pilot for OSTIn’s “Space Explorers’ Network” outreach programme based on ground-up initiatives by teachers and students to explore topics of interest related to space. Third, we will continue to contribute to an open and collaborative international system through bilateral partnerships and participation in forums such as the United Nations (UN) Committee on the Peaceful Uses of Outer Space (COPUOS). We are also looking beyond our borders to collaborate with other space-faring nations. For instance, Singapore recently joined the Space Climate Observatory as its 30th member. OSTIn has also signed a Letter of Intent with the UAE Space Agency to strengthen cooperation on topics such as space science and technology, and space policy and law.”
“Today, the space industry in Singapore employs more than 1,500 professionals, and there is potential for the sector to grow further. The space industry is a key enabler for global connectivity, aviation and shipping. Space research can also help us better understand climate changes and weather patterns. In Singapore, space is already integral to our daily lives. The apps that we depend on for ride-hailing or deliveries tap on location data derived from a network of Global Navigation Satellite Systems or GNSS. When you log on to check your WhatsApp messages or emails during a flight or on a cruise ship, you are also tapping on connectivity provided by communications satellites. Given the vast potential for the future, we intend to develop our local space industry to capture opportunities using three strategies. First, we will support local space enterprises to innovate and scale up. Our national space office, the Office for Space Technology and Industry (OSTIn), has been working with our startups and SMEs to build deep technical capabilities, identify opportunities, and support their venture building and fund-raising efforts. For example, Zero Error Systems is a spin-off company from NTU which develops radiation-hardened electronics based on earlier research supported by OSTIn and they went on to raise US$1.85 million in a seed round last October. Our startups have also developed technologies that are valued by more established space players. For instance, AddValue Innovation’s Inter-satellite Data Relay System (IDRS), which enables operators to do real-time tasking of their satellites, is on San Francisco-based Capella Space’s satellites and will be on Boston-based Analytical Space, Inc’s Fast Pixel satellites.”
“The nightlife industry is the only industry that has not been allowed to operate at all throughout the pandemic. As such, nightlife firms had the option to apply for a grant from Enterprise Singapore to pivot to permitted activities, for example, F&B, fitness gyms, co-working spaces. In comparison, there are no restrictions for firms in other industries to pivot to another industry. However, as other industries generally remained open during the pandemic, the decision to pivot is purely commercial and they will not be eligible for a pivot grant. Companies that pivot to new sectors are required to adhere to the Safe Management Measures (SMMs) and regulatory requirements of that sector. Enforcement action is taken by the responsible agencies and penalties are meted out to companies that breach these SMMs or regulations.”
“The installed capacity of solar photovoltaic (PV) systems in private residential estates and condominiums has increased by over 200% over the past five years, from 5.2MWp in 2016 to 15.7MWp in Q1 2021. With technological advances, the cost of solar panels has decreased over time. The cost of solar energy is now generally cheaper than the retail electricity price and regulated tariff1. Hence, the Government does not provide grants or subsidies to further incentivise the adoption of solar energy. The Energy Market Authority (EMA) seeks to encourage solar deployment by making it easier for solar adopters to sell and receive payments for excess solar electricity back to the grid. For example, EMA’s Simplified Credit Treatment Scheme or Enhanced Central Intermediary Scheme allows consumers to register their solar installations with SP Group and be paid directly through their monthly bill. In addition, the Building and Construction Authority (BCA) has been encouraging the adoption of solar panels by recognising higher levels of solar deployment under the Green Mark scheme. Solar energy is the most viable renewable energy in Singapore, and the Government will continue to work with all stakeholders, including residents of private residential estates and condominiums, to maximise solar energy adoption in Singapore.”
“The Industry Transformation Maps (ITMs) were launched from 2016. From December 2016 to December 2019, total employment across the economy increased by about 111,400. However, the COVID-19 pandemic has disrupted our economic development. The Future Economy Council (FEC), chaired by Deputy Prime Minister Heng Swee Keat, has, therefore, launched ITM 2025, to refresh all 23 ITMs to address the structural shifts from COVID-19. ITM 2025 reviews are currently in progress, and updates will be shared progressively. Meanwhile, the Government continues to support our businesses and workers through this pandemic and prepare for a changed future. The SME Working Capital Loan and Temporary Bridging Loan Programme help businesses tide through these difficult times. Programmes such as the Jobs Support Scheme and Jobs Growth Incentive, encourage businesses to hire and retain their local staff. Tripartite partners are also working closely together to uplift the productivity and wages of our workers, create good jobs and prepare Singaporeans for future jobs and skills.”
“Nightlife businesses may apply for a pivot grant from Enterprise Singapore if they wish to pivot to other permitted activities, such as F&B, fitness gyms and co-working spaces. Firms that accept the pivot grant are not permitted to resume their nightlife operations for at least 12 months, even if the nightlife sector is reopened. Based on industry feedback, some firms did not take up the pivot grant because of this moratorium, as they wanted the flexibility to resume their original nightlife activities if the nightlife sector reopened. All firms which pivot, regardless of whether they receive a grant or not, must adhere to the relevant Safe Management Measures (SMMs) and regulatory requirements of its new sector. Firms which took up the pivot grant and were subsequently found to have breached SMMs or violated the permitted use of their premises will have their grant rescinded.”
“MTI periodically reviews our trade agreements to keep them updated and relevant, given that economic interests, business models, regulations and trade flows between Singapore and its trade partners will change over time. All our Free Trade Agreements (FTAs), including CECA, have provisions to review and amend the agreements. There is no prescribed timeline for negotiating or reviewing FTAs. During the Second Review of CECA, both parties carefully studied the proposed changes, conducted consultations, exchanged views and discussed counter-proposals before reaching an agreement on a mutually beneficial package of amendments. The Second Review expanded tariff concessions for an additional 30 products and updated the rules of origin. These provide more flexibility for Singapore exports into India to qualify for preferential tariffs under the agreement. Singapore exporters benefit as their products become more price-competitive in India, while Indian consumers gain from lower-priced goods. Details of past and ongoing FTA negotiations between both parties are confidential. Revealing details, such as issues that are covered, would constitute a breach of confidentiality and erode trust in Singapore as a partner, making future negotiations more difficult. However, the outcome of the review is publicly available and the concluded text is published online.”
“Under this MRA, a Bachelor of Nursing qualification from the Indian nursing schools listed in the MRA is treated as equivalent to a qualification from an accredited nursing programme in Singapore, but the graduate must also pass SNB’s licensure examination and meet the prevailing work pass criteria before he/she can work in Singapore as a nurse. The MRA does not give a graduate from these Indian nursing schools unfettered access to employment in Singapore. Correspondingly, a qualification from any of the Singapore schools listed in the MRA is recognised by the INC as equivalent to a Bachelor of Nursing qualification from the Indian nursing schools listed in the MRA. A Singapore nurse may apply to be registered as a nurse in India if the Singapore nurse meets the other requirements for such registration. MRAs do not guarantee automatic approval for foreign professionals to be employed in Singapore. All foreign professionals, including those who meet the requirements in the MRAs, must also meet our prevailing work pass criteria.”
“Article 7.11 of the India-Singapore Comprehensive Economic Cooperation Agreement (CECA) is titled Recognition and is a part of the Chapter on Trade in Services. In paragraph 2 of this Article, India and Singapore agreed to ensure that our respective professional bodies in the service sectors of accounting and auditing, architecture, medical (doctors), dental and nursing negotiate and conclude, within 12 months of the date of entry into force of CECA, any such agreements or arrangements providing for mutual recognition of the education or experience obtained, requirements met, or licences or certifications in those service sectors, the details of such agreements or arrangements, including the exact extent and scope of recognition. In paragraph 3 of Article 7.11, India and Singapore similarly agreed, for any other regulated service sector, to encourage the relevant professional, standard-setting or self-regulatory body to enter into negotiations within a reasonable period of time from the date of a request being received in writing from one Party to the other Party. Importantly, since the negotiations are conducted by the respective professional bodies, paragraphs 2 and 3 of Article 7.11 also qualify that any delay or failure by these professional bodies to reach and conclude agreement on the details of such agreements or arrangements shall not be regarded as a breach of a Party’s obligations under the paragraphs. At present, India and Singapore have one Mutual Recognition Agreement (MRA) under CECA in Nursing Services, negotiated, agreed and signed by the Singapore Nursing Board (SNB) and the Indian Nursing Council (INC).”
“The number of locals employed by Singapore-based companies that invested in India was 97,000 in 2019. This does not include Singapore-based companies that were not invested in India, but that were trading with India. As companies consider multiple factors before they hire new employees, define job scopes, or redesignate existing positions, specific data in response to the question is therefore not available. Our various business-related policies and Singapore’s 26 Free Trade Agreements (FTAs), including the India-Singapore Comprehensive Economic Cooperation Agreement (CECA), work together to support the business ecosystem within which our companies and workers operate. It is this ecosystem that supports local jobs. For example, FTAs make it easier for local companies to enter international markets through reduced tariffs on their exports into overseas markets, enhanced access to services sectors and protection for their investments, amongst other benefits. This encourages Singapore companies to expand their business activities, thereby supporting local job creation.”