Yip Hon Weng
Singapore
“But we must also keep building our trust. It is the only infrastructure a small country cannot afford to lose. Every generation since Independence has earned our place in the world. Our responsibility is to see that the next generation is given the chance to do the same.”
“It can reinforce Singapore's role as a trusted financial centre, a gateway to Asia and a platform for long-term growth. But at the end of the day, we should also be clear about how success will be measured in practical terms. How much incremental daily trading volume are we seeking to generate?”
“I thank the Minister of State for his reply. While the US dollar remains dominant, some economists have suggested that the global monetary system may gradually become more fragmented and multi-polar over time.”
“Thank you, Mr Speaker. I thank the Minister for his reply. Given reports that some firms are slowing workforce expansion due to cost pressures due to the situation in the Middle East, has MOM observed any corresponding shift in firms hiring preferences between local workers and our foreign workforce?”
“Thank you, Mr Speaker. I thank the Minister of State for her reply. Many Singaporeans are already facing rising premiums year after year. As we have seen recently, even with cheaper riders, base premiums continue increasing. So, households may still have to pay more overall.”
“Because this is not just a technology transition, it is a workforce transition. The establishment of the Tripartite Jobs Council is an important step in ensuring that this alignment happens in practice. Technology will move. Markets will adapt. But we must be clear about the future we are building.”
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“Chairman, Singapore faces pressing demographic challenges. Can the Government elaborate on the key population outcomes envisioned for our future? What are the Government's plans to achieve these outcomes within the current economic and demographic challenges? Falling fertility is a challenge that developed economies are struggling with. Singapore is no exception. A shrinking workforce due to falling birth rates raises concerns about sustaining our economy. How will we continue maintaining a vibrant economy that creates good job opportunities for Singaporeans and future generations? Our total fertility rate (TFR) has fallen to a historic 1.04. This raises concerns about our long-term demographic sustainability. This trend aligns with other developed nations like South Korea, where despite significant investments in childcare subsidies, birth rates remain low. What additional measures beyond existing schemes can alleviate concerns about starting and raising families? While marriage and parenthood remain aspirational for many Singaporeans, factors like career goals and housing affordability can lead to postponed parenthood. This delay, combined with the realities of biological limitations, can make achieving such aspirations more challenging. I urge the Government to further support couples who want children and cultivate a national culture of proactive family planning. In this context, I have three questions. What is the uptake of elective egg freezing since 2023? While awaiting the proposed extension of IVF co-funding to private clinics, what immediate options are available for couples actively seeking to start families? Can private clinics adequately address the affordability and quality concerns associated with fertility treatments?”
“Thank you, Mr Speaker. I thank the Minister of State for her reply. Can the Minister of State elaborate on emerging opportunities that the recent Joint Council for Bilateral Cooperation (JCBC) meeting has opened up for Singapore companies? Which areas of growth potential have been identified by the leaders; for example, digital economy?”
“Thank you, Mr Speaker. I thank the Senior Minister of State for the reply. Given the growing importance of mental health professionals, will MOH consider expanding the role of such professionals, such as psychologists, beyond direct patient care, such as allowing them to participate in policy development or research initiatives?”
“Thank you, Mr Speaker. I thank the Senior Parliamentary Secretary for her response. Just a very short supplementary question. What alternative pathways or continuing education programmes are being considered to equip existing healthcare professionals with palliative skills?”
“Together, let us make Singapore a truly affordable place to live in, and a nation where everyone can chase their dreams without being crippled by financial hardship. I support the Budget.”
“In conclusion, Mr Deputy Speaker, Sir, let us open our eyes. Let us view Singapore as a grand, age-old tree, deeply rooted in our values and traditions, providing shelter and sustenance to all who seek refuge beneath its branches. Just as we cherish and nurture our seniors, so, too, must we ensure that they are sheltered from the storms of uncertainty and hardship. They grew the tree, and now it is their time to enjoy the shelter it should provide. It is evident that action is needed to address the affordability challenges facing Singaporeans. I have made several suggestions in my speech. Firstly, in transportation, we must ensure accessibility and affordability, particularly for families and vulnerable individuals like seniors. We need to explore separate COE categories for PHVs. Secondly, regarding housing, a fairer property tax system, considering the unique circumstances of residents, is imperative. Tailored policies and capped increases can alleviate the burden on seniors and home owners. Thirdly, in CPF, greater awareness of policy changes and targeted support are critical to help seniors grow their retirement savings, especially for lower-income earners who struggle to reach the Basic Retirement Sum. Lastly, in social support, refining means-testing processes for essential schemes like Silver Support and medical subsidies is necessary to ensure a holistic view of individual and family income. I urge the Government to prioritise these measures to ensure affordability for all, especially for our seniors. Let us not wait until rising costs become insurmountable barriers for Singaporeans of all ages. By working together, we can build a more inclusive and equitable society where everyone thrives, regardless of their circumstances.”
“Furthermore, while I acknowledge the move to raise the ERS to allow members to benefit from the high interest rates in RA, I emphasise the need to focus on lower-income earners who struggle to reach even the Basic Retirement Sum (BRS). Can the Minister elaborate on specific measures to help them grow their retirement savings? Lastly, Mr Deputy Speaker, Sir, we need to refine means-testing processes for essential schemes to ensure inclusivity. While the Silver Support Scheme (SSS) aims to help seniors who have low incomes during their working years and now have less in retirement, using housing type to determine Silver Support payouts may unfairly disadvantage seniors who have shared their flats with their families. I would like to suggest the removal of this criterion. Seniors in larger flats may face other financial limitations. They may share the roof with many family members and do not have the option to downsize or monetise the house. Hence, it may not be right to equate housing type with wealth. Likewise for hospital bills and subsidies. The current means-testing based on housing and family income might not accurately reflect the true financial situation of all seniors. With the increasing trend of later marriages and singlehood, many young Singaporeans live with their parents while striving for financial independence or waiting for their BTOs. Denying subsidies based on these further disadvantages young Singaporeans and impacts their decisions regarding marriage and family planning. It also deters seniors from seeking necessary healthcare due to the fear of burdening their children. We, hence, need to consider removing housing type as a criterion, refine means-testing processes to consider a more holistic view of individual and family income.”
“How will IRAS assess the condition of houses, both private and HDB, that are located in districts with higher property value but have not been renovated in many years? Moreover, can the Government also consider introducing a maximum annual increase cap on property taxes, up to 50%, for example? Third, Mr Deputy Speaker, Sir, we need clearer communication and targeted support for CPF changes. While the closure of the Special Account (SA) and the transfer of funds to the RA simplify the system and offer potentially higher interest rates, I seek clarification on the 1% of members who cannot transfer their SA savings to RA. Can the Minister elaborate on who falls under this exception? Will moving funds from the OA to the RA be voluntary? How will members be informed of this option, its benefits and drawbacks, and receive assistance on this if needed? Moreover, the imminent closure of SA raises concerns and confusion among many residents, especially those in their 50s who have reached the full retirement sum. Numerous residents have expressed concerns that they have to replan their retirement due to this change. Years of financial planning based on the SA's higher interest rates are disrupted, leaving them with limited time to adjust. The limited withdrawal options from RA raise concerns about accessing emergency funds, unlike the SA, which has more flexibility. Conversely, leaving funds in OA means lower interest earning and retirement savings, impacting our seniors' long-term financial security. I urge the Minister to address these residents' concerns and explore ways to minimise the impact of the SA closure on members aged 55 and above, particularly regarding withdrawal flexibility.”
“While the recent adjustments to AV brackets and property rebates are a positive step, their delayed implementation presents a pressing concern for our retired seniors. Can the Government hence implement the changes earlier? Also, many retirees are "asset-rich and cash-poor". They have acquired their private properties decades ago and lived in them for a long time. A sharp property tax increase can devastate these retirees who lack the income to absorb the cost. We need a fairer system that protects our seniors. They lack the readily available cash flow to absorb any significant rise in property tax associated with increasing AVs. One retiree I know told me that her property tax has increased by almost three times. Perhaps the Government should provide more assistance to retirees with no income who possess a single owner-occupied home. By all means tax more for those with a second property, a third property and so on. What the Government is doing now is essentially asking retirees staying in their own home who cannot pay their property tax to sell away their home and uproot from the environment that they are familiar with. This will put stress on our seniors and affect their mental health. It might even cause dementia to set in earlier. We also need to implement a fairer property tax system considering residents' unique circumstances, especially for owner-occupied homes. Can we encourage our banks and financial institutions to have reverse mortgages? Monetise some of the lease of the houses, but with the option of paying back when the house is eventually inherited. This may create a market and allow price discovery and competition, too. We also need greater clarity on the relevant physical attributes that are being considered when calculating the AV of the home.”
“Recent experiences during festive periods like Chinese New Year, with reported waiting times of 30 minutes, raise concerns about their reliability. Of course, this is understandable as PHV drivers have families, too, and will join in the celebrations during this festive season. But this also means that there is a certain market failure in the PHV network which may require some intervention. Skyrocketing Certificates of Entitlement (COEs) threaten to push car ownership out of reach for the average Singaporean. This is not a luxury car problem; it is a family car problem. The recent Parliamentary debates on this issue demonstrated the urgency of addressing the affordability issue. The ongoing review of point-to-point travel is encouraging. I urge the Government to seriously consider separate COE categories for PHVs. I have raised this issue in Parliament on several occasions. This issue centres around the fairness and impact of placing PHVs and individual buyers in the same COE pool. Firstly, the demand patterns differ significantly. PHV companies often have access to greater financial resources and can be more aggressive bidders, ultimately, passing on the cost to passengers. Secondly, for PHVs, cars are essentially business tools. Companies are likely to prioritise higher bids, compared to individual buyers purchasing for personal use, knowing that they can recoup the money in the future. Hence, creating a separate category addresses this imbalance between corporations and individual buyers, ensuring a fairer and more equitable system. Second, Mr Speaker, Sir, we need to protect our seniors from seemingly unfair property tax increases.”
“Mr Deputy Speaker, Sir, close our eyes and imagine Ah Ma, a silver-haired hawker, her smile fading as she sees the rising cost of ingredients threatening her livelihood. Now picture Encik Ali, struggling to choose between essential groceries and his medication due to inflation. These are not isolated stories. They represent the daily struggles of a sizeable number of Singaporeans, both young and old, feeling the squeeze from rising costs of living across the board. I meet some of these residents at my Yio Chu Kang Meet-the-People Sessions. While Budget 2024 deserves recognition for its priorities, the affordability crisis casts a long shadow, threatening not just the financial security of our seniors but the very fabric of our diverse society. Let us act before affordability becomes a barrier to opportunity and well-being for all Singaporeans. We can do more to make Singapore an affordable place to live in, particularly in transport, housing, CPF and social support schemes. First, Mr Deputy Speaker, Sir, we need to ensure affordable and accessible transport for Singaporeans. While our public transport network continues to expand, car ownership remains a critical aspect of life for many Singaporeans. Families with young children, seniors, individuals with limited mobility and those with special needs often rely on private vehicles for their daily commutes. Despite its world-class efficiency, our public transport system experiences sizeable crowds at most hours. During peak periods, the situation intensifies, with limited seating availability for vulnerable passengers. While private hire vehicles (PHVs) offer an alternative, their costs and waiting times are rising, not to mention that there are peak-hour surcharges.”
“Thank you, Mr Speaker. I thank the Minister for his response. I have two supplementary questions. How will this incident inform future internal audit processes by the Government of similar fees and charges? Secondly, what is the assessment of the potential impact of this error on public trust in Government financial management, and what steps will be taken to rebuild trust and prevent similar issues from happening in the future?”
“Next, enhancing volunteer protection – translate proposed changes into concrete safeguards for all SAF volunteers, ensuring their welfare, rights and continued contribution. And lastly, having greater transparency in ministerial regulations – balance flexibility with clear frameworks, robust Parliamentary oversight and public scrutiny for effective implementation. By addressing these concerns, and ensuring clarity and transparency, we can strengthen the Enlistment Act and build a future-proof NS framework. This framework will not only safeguard our nation through military might, but also through the unity and unwavering spirit of every Singaporean. Therefore, I urge the House to carefully consider these points as we move forward with this important Bill. Let us work together to ensure that our National Service system remains effective, inclusive and responsive to the evolving needs of our nation. I support the Bill.”
“Therefore, I urge the Minister to address the proposed amendments to section 37 of the Act pursuant to clause 12 of the Bill and clarify the Minister's regulation-making powers. While increased flexibility must be justified in certain scenarios, we must ensure sufficient clarity and transparency in these regulations. Clear regulatory frameworks are the bedrock of effective implementation. In conclusion, Mr Speaker, Sir, recent events like the Ukraine-Russia conflict and the Israel-Hamas war show us that war can erupt even in perceived peace times, fuelled by proxy wars, drone-strewn skies and non-state actors. Furthermore, the nature of warfare is no longer defined by clashing armies. In the silent trenches of the digital battlefield, foreign adversaries weaponise algorithms and misinformation, manipulating public opinion and sowing discord, paving the way for real-world conflict with every unseen click. Recent self-radicalisation cases are also stark reminders that we must remain vigilant in ensuring security within our borders. We must remember that national security is not solely the responsibility of the military. We commemorated Total Defence Day yesterday and are reminded that this is a shared endeavour, requiring the collective commitment of every citizen. I have highlighted several clarifications in my speech, namely: First, aligning manpower needs with the extensions of specific ranks in SPF and SCDF. We also need to understand the rationale behind removing part-time NS and its consequences. Second, having safeguards with technological advancements – mitigate potential risks like fake notices, AI misuse and abuse. We must ensure robust communication practices and integrity.”
“Moreover, while embracing technology's benefits, we must remain mindful of potential challenges. Concerns regarding fake notices, potential misuse of artificial intelligence (AI) for manipulation and potential for abuse of these systems deserve careful consideration. We need to ensure that robust safeguards and clear guidelines are in place to prevent such issues and maintain the integrity of the communication process. Third, Mr Speaker, Sir, as a committed SAF volunteer myself, I take a keen interest in the proposed enhancements to volunteer protection. I note the revisions set out in clause 13 of the Bill regarding references to volunteer service within the SAF's People's Defence Force and the Police Force Act's Special Constabulary. Can the Senior Minister of State explain how these changes translate into concrete safeguards for all SAF volunteers under the relevant sections of the Enlistment Act? Similarly, how does this impact the SPF's Volunteer Special Constabulary programme? Specifically, can the Ministry provide elaboration on how these amendments ensure the welfare and rights of our diverse volunteer community? By ensuring all volunteers feel protected, valued and supported, we can continue to attract and retain dedicated individuals who bolster our nation's strength. Fourth, Mr Speaker, Sir, I seek clarification regarding the Minister's broader powers to make regulations under the Enlistment Act. Flexibility is indeed critical in adapting to a changing environment. However, it is equally important to ensure that such power is not wielded in a vacuum. Robust Parliamentary oversight and public scrutiny are essential safeguards against potential misuse.”
“Mr Speaker, Sir, Singapore's NS is a cornerstone of our nation's security and identity. This Bill is a timely amendment of the Enlistment Act. It is to reflect the modern landscape of national service and voluntary service. Notwithstanding, I have several clarifications on the Bill. First, Mr Speaker, Sir, on liability, ranks and the removal of part-time NS. The proposed changes to section 12 regarding liability to render full-time service, particularly in the SPF and SCDF, raise questions about service extension for specific ranks. We need to understand how these extensions align with the overall manpower needs of both agencies. This clarity is critical in ensuring effective and efficient operations and public service within the SPF and SCDF. Furthermore, on the deletion of section 14(1)(b)(ii) relating to part-time NS, we require a clear understanding of the rationale behind this decision and its potential consequences. How does this decision align with the current defence strategies? How do we ensure the continued effectiveness of our NS framework? Second, Mr Speaker, Sir, on the use of technology for the service of notices and orders. The amendments to section 30 allowing for the service of notices and orders through modern technological avenues like SMS, email and dedicated platforms are commendable steps towards modernisation and streamlined communications. However, I seek further clarification on several aspects. First, how are these changes aligned with emerging advancements in technology to improve efficiency in communication, specifically in the context of NS and enlistment? Given rapid technological advancements, is the Bill sufficiently flexible to accommodate future innovations in communication technology?”
“Thank you, Mr Speaker. I thank the Minister for his reply. Indeed, our GRLs in the community, play critical roles in community engagement and facilitating better Government to citizen communications. I just have two short supplementary questions. How often are the regular review processes conducted after GRLs are appointed and does this review include an assessment of the susceptibility to foreign influence? Second, I want to check whether there are avenues or agencies that GRLs can seek advice, in the event that they are approached by individuals or organisations or encounter situations where there may be attempts at influence.”
“Thank you, Mr Speaker. I thank the Senior Parliamentary Secretary for his reply. I have several makeshift smoking corners or hotspots in my Yio Chu Kang estates. These are just made up of a few chairs and usually, situated close to coffee shops, along main thoroughfares. Given that they are situated along areas with high footfall, residents walking by often complain about the smoke and also about the noise. Every time, when there is feedback, the Town Council will go in, take action by removing the chairs, but the individuals do come back after a week or two and the problem remains. I wish to ask the Ministry whether NEA has concerns about the potential health and safety risks associated with these makeshift smoking corners, especially when the numbers may be going up and how does the Ministry intend to address the issue of these smoking corners situated directly below Housing and Development Board (HDB) blocks, especially the dwelling units, and ensure that it is not a cat-and-mouse situation where the smokers disband when NEA and Town Council officers come by, and then, the smokers congregate back again when enforcement officers leave the place?”
“I thank the Minister of State for his reply and I am heartened to note that we are expanding some of these debt counselling services and financial literacy programmes. May I ask, what is the estimated budget and timeline for some of the expansion of these services and financial literacy programmes? Will these programmes be targeted towards specific demographics or industries most affected by insolvency? Are there plans for preventive measures, such as early intervention programmes or credit score education, to address future risk?”
“Mr Speaker, I thank the Senior Minister of State for the reply. I understand that, as part of review, they will be studying the option of having a separate Certificate of Entitlement (COE) category for private hire vehicles. If that is the case, will the separate COE category require additional regulations or licensing requirements and if so, how would this impact operational costs on new entrants into the sector? Secondly, how would the Government ensure that a separate COE category does not create unintended negative consequences for the broader transportation ecosystem in Singapore and how will this affect the COE of privately owned cars?”
“Thank you, Mr Speaker. I thank the Senior Minister of State for his reply. Can he elaborate on how urgent care clinics like those in Admiralty and Alexandra Hospital as well as the GPFirst programme, have helped to take the load off A&Es? Will the Ministry plan to introduce more urgent care clinics to reduce the load of A&Es? Second, in terms of implementation, will health literacy programmes be targeted towards specific demographics or communities with higher A&E utilisation rates? The Ministry can, then, measure the effectiveness of these initiatives in reducing unnecessary A&E attendances.”
“By fostering a supportive environment, acknowledging their struggles and celebrating their victories, we can empower them to thrive, even amidst their mental health challenges. Therefore, I urge each of us, legislators, Government officials, healthcare professionals, family members and every resident, to play our part in creating a society that prioritises the mental well-being of our seniors. Let us champion open conversations about mental health, break down the stigma and normalise seeking help. Support community initiatives, volunteer time, resources and expertise to build social connections and combat isolation. Advocate for accessible and affordable mental health services, ensure every senior has the resources they need to care for their mental well-being. Embrace and respect our seniors, recognise their contributions, value their wisdom and celebrate their resilience. Mr Speaker, Sir, investing in the mental health of our seniors is not just a moral imperative. It is an investment in the future of our society. By working together, we can build a brighter tomorrow where every senior in Singapore can age with dignity, purpose and hope. Together, let us ensure that our Silver Generation shines not just because of their past contributions, but also because of the bright future we create for them today.”
“Reviewing workforce HR systems to enable flexible roles for older individuals can address manpower concerns, instil financial independence and provide a sense of purpose. Secondly, our perception of mental health must transcend the mere absence of illness. WHO defines mental health as a state of well-being encompassing psychological, emotional and social aspects. We must pivot our focus from solely discussing mental illness to adopting a holistic, person-centric approach, acknowledging the five key components: physical, emotional, intellectual, financial and social. By prioritising mental healthcare, we can bolster productivity, enhance self-image and fortify relationships. Maintaining positive mental health and treating any poor mental health conditions are critical to stabilising constructive behaviours, emotions and thoughts. We must address isolation and loneliness through a holistic and person-centric approach. Technology serves as a force multiplier in enhancing mental healthcare. The use of telehealth to deliver services and support demonstrates promise. Initiatives that leverage technology not only streamline access but also create opportunities for innovation in mental healthcare delivery. Lastly, it is pertinent to underscore the significance of accessible and affordable professional geriatric mental healthcare. This vital resource extends much-needed support to seniors grappling with various mental health challenges. Mr Speaker, Sir, amid these challenges, let us never forget the inherent resilience of our seniors. Our Pioneer and Merdeka Generations have weathered storms and setbacks throughout their lives. They possess a wealth of experience, wisdom and strength that we should tap into.”
“Fourth, Mr Speaker, Sir, seniors with mental health concerns must have convenient and affordable access to quality mental health services. The silent struggles with mental health are particularly stark for our seniors. From the gnawing isolation that fuels depression to the constant worry that fuels anxiety, these invisible burdens weigh heavily on their hearts and minds. These conditions, often masquerading as loneliness or physical ailments, can impact their daily lives significantly, robbing them of any joy and fulfilment they deserve. Misconceptions about mental health often prevent seniors from seeking help. Raising awareness and normalising conversations about mental well-being is imperative. Currently, the lack of options for assistance is pressing. We can gain insights form other developed countries with ageing populations by understanding the ratio of seniors to geriatric counsellors, caseloads and waiting times. Another important aspect is the proactive implementation of preventive measures against mental health issues among seniors. Identifying effective therapies and interventions to prevent the onset of mental health conditions is paramount. We should assess the optimal age to begin initiatives aimed at supporting seniors' mental well-being. In conclusion, Mr Speaker, Sir, mental health among seniors necessitates a multifaceted approach. Our strategy needs to evolve to meet the diverse needs of today's senior cohort, recognising differences between various age groups, particularly the baby boomer generation and the PMETs. Preparing them for life transitions involves leveraging their strengths and aspirations, fostering social activity through work or engagement in interest groups.”
“Adopting an ethnographic research-based approach, the study built on the first-hand feedback gathered from over 100 Yio Chu Kang residents, comprising of persons living with dementia, caregivers and residents, to enhance the neighbourhood to better meet their evolving needs. From the study, several DFN inclusive infrastructures were built and tested across Yio Chu Kang. This is to enable persons with early to moderate stages of dementia to live and age well in the neighbourhood. We also launched two publications based on the findings. These will serve as future references for the building sector stakeholders like the Town Councils, urban planners, architects and designers to build more DFNs nationwide. Third, Mr Speaker, Sir, we must continue empowering seniors through digital tools and technology. Limited access to mental health services, especially for those with mobility issues, can be a barrier. Expanding telehealth options and making services more readily available in eldercare facilities can bridge this gap. While the Government's efforts to assist seniors in embracing technology are commendable, harnessing technology to create interest groups and leverage existing digital social networks is imperative. An exemplary initiative is the use of platforms like Vintage Radio, catering to individuals aged 60 and above. This platform serves as a conduit to disseminate information on critical health issues, such as sarcopenia. Moreover, it encourages the formation of local groups, fostering opportunities for gatherings centred around activities like tea sessions, exercise regimens or sessions discussing healthy lifestyle choices. Spurring initiatives like this through incentives or grants is essential.”
“It is an endeavour that not only benefits that individual but also contributes significantly to the fabric of our society. Second, Mr Speaker, Sir, we need a greater focus on building social networks for our seniors. Loneliness and the lack of social interaction are major risk factors for mental health issues in seniors. Beneath the surface of seemingly ordinary lives, unseen ebbs and tides of depression and anxiety can sometimes pull our seniors under. Studies consistently underscore the pivotal role that social connections play in fostering longevity and overall well-being. Encouraging informal networks to flourish can provide invaluable opportunities for socialisation among our seniors. The Healthier SG initiative and the emphasis on social prescriptions align with promoting well-being. We should champion more grassroots initiatives and urge organisations, like the Housing and Development Board (HDB) and National Parks Board (NParks), to create more physical spaces conducive for these communities to congregate. Age-friendly environments with green spaces, accessible walkways and safe communal areas become vital. These initiatives encourage seniors to venture beyond their homes, fostering social awareness, exercise and a sense of safety and comfort. Last month, Yio Chu Kang implemented several Dementia-Friendly Neighbourhood (DFN)-inclusive infrastructures based on a ground-up and community-based research study. As part of a joint project by AIC, Singapore University of Technology and Design and the Centre for Liveable Cities, we conducted evidence-based research on the relationship between persons living with dementia, their caregivers and the built environment in Singapore's predominantly high-rise and high-density urban context.”
“Through perseverance, we succeeded in rallying these seniors, fostering a connection rooted in mutual understanding of shared trials and tribulations. Our outreach must reflect diverse profiles by tailoring interventions and support to each cohort's needs. A growing adversity is the lack of a comprehensive understanding of the evolving cohort of older adults. Moving forward, we must categorise our seniors into segments for effective interventions, including the well and active, the potentially at-risk and inactive, those frail and inactive due to physical or having mental health issues, individuals living independently, digitally adept and with fewer familial support systems, seniors who are financially stable and seniors from the lower socioeconomic group. Leveraging the strengths and ambitions of different cohorts is critical, especially among the professionals, managers, executives and technicians (PMETs). We must also shift the societal mental model from viewing elders as a burden to valuing their contributions and reframing their silver years as a different phase of life. A promising avenue lies in senior employability. A re-evaluation of our workforce's HR systems is paramount. By allowing older individuals to choose to continue working, we not only address manpower shortages but also provide them with a profound sense of purpose and financial independence. I commend the Ministry of Manpower's (MOM) consideration to legislate against workplace discrimination and address ageism. This is an important step towards extending retirement and re-employment ages. The synergy between keeping our seniors meaningfully engaged in the workforce and enhancing their mental well-being is undeniable.”
“Mr. Speaker, Sir, mental health is a globally complex issue. It often remains unseen and hidden beneath societal stigmas, especially in the context of Singapore and Asian cultures. A specific challenge lies in individuals' struggles to seek help. While the report rightly identifies the need for more accessible services, I want to draw attention to a demographic needing specific focus – the mental well-being of our seniors. Why focus on our seniors? Singapore is moving towards a super-aged society, with smaller family sizes becoming the norm. Our high-stress, high-cost living environment sets the stage for concerns like social isolation, loneliness and dementia among our seniors. A 2022 CNA commentary highlighted the rising number of senior suicides. There is a 60% increase amongst those aged 70 to 79 from 2021 to 2022. This highlights the urgency of prioritising mental health support for seniors. Around 5.5% of elderly Singaporeans experience depression, as per the Well-being of the Singapore Elderly (WiSE) study. This seemingly small percentage translates to thousands of individuals silently battling mental health challenges. The question is this: are we equipped, as a society, to handle these challenges? While MOH and the Agency for Integrated Care (AIC) have made strides, there are areas for enhancement. First, Mr Speaker, Sir, we need a more targeted approach. The senior populace is diverse; individuals in their 60s differ significantly from those in their 70s and 80s. Our seniors are not of the same shade. Engaging seniors effectively requires recognising differences in education, independence, employment status and technological acumen. I vividly remember challenges when I was leading the Silver Generation Office, particularly engaging Merdeka Generation seniors.”
“We must persist in this journey of continuous improvement, while balancing commercial interests and staying ahead of sophisticated criminal networks. I am confident that the measures in this Bill will strengthen our defences against money laundering, terrorism and proliferation financing. The road ahead will not be easy, but we will walk it together. I stand in support of this Bill, confident it will safeguard Singapore's financial integrity, and solidify our position as a trusted financial hub. Let us act swiftly and collectively to ensure that illegal financing finds no refuge in Singapore.”
“Can the Minister clarify the current status of our engagement with the FATF, regarding the remaining gaps in the framework? What are the next milestones that we can look forward to? Furthermore, the growing field of fintech presents novel challenges, particularly with virtual assets and crowdfunding platforms. What specific measures are being considered to manage the risks associated with these evolving technologies? Are additional regulations under consideration to prevent these avenues from becoming havens for illegal activity? Does the Ministry conduct regular reviews of money laundering and terrorism financing risks within our borders? Sharing the current landscape of top threats will allow us to stay ahead of the curve and refine our defences accordingly. Third, Mr Speaker, Sir, I have queries about the effectiveness of existing controls. Firstly, how effective have the casinos' anti-money laundering controls been, since 2006? What specific safeguards are currently in place to curb illicit activities? Secondly, what is the current level of inter-agency coordination between regulators and law enforcement when it comes to suspicious transactions? How can we improve collaboration to further strengthen our defences? In conclusion, Mr Speaker, Sir, this Bill represents a critical step forward in aligning Singapore's regulatory framework with evolving global standards. While we must remain thoughtful of potential regulatory overreach, the new powers conferred upon the Registrar are judiciously scoped and proportionate to the risks at hand. The transitional arrangements also demonstrate pragmatism in avoiding excessive disruption to businesses. This Bill signifies our commitment to safeguarding the integrity of Singapore's financial system against illicit activities.”
“Mr Speaker, Sir, the arrival of this Bill coincides with the revelation of the largest money laundering case in Singapore's history. The illicit funds of approximately $3 billion in seized or frozen assets, exposes the potential vulnerabilities within our financial system. It also underscores the critical need to fortify our defences. This Bill aligns Singapore's laws with international standards set out by the Financial Action Task Force (FATF), to effectively combat illicit financial flows and safeguard our reputation as a trusted financial hub. However, amidst these positive strides, I have some clarifications about the Bill. First, Mr Speaker, Sir, we must ensure that the expanded regulations are implemented effectively and fairly, balancing our needs to counter illicit finance with the well-being of small businesses, like small-and-medium sized enterprises (SMEs). How will the Registrar ensure that the new powers over former registered dealers and recordkeeping are not abused? Will the Registrar receive additional resources to handle the expanded scope and powers? How will the obligations on legal professionals, pawnbrokers and moneylenders be implemented? In particular, small businesses like SMEs could be disproportionately affected by the compliance costs. What education or support will be provided to newly regulated businesses like jewellers? Furthermore, auditors, accountants and other professionals impacted by the proposed Act requires adequate training and time to digest the new regulations. I urge the Government to grant sufficient lead time for this critical adaptation. Second, Mr Speaker, Sir, I wish to seek clarification on managing the emerging risks within our framework.”
“My supplementary question is not related to the debate. Thank you, Mr Speaker. I thank the Minister of State for his reply. Has the Ministry considered the impact of rising living costs, housing affordability and job insecurity on happiness levels? Can the Ministry share specific data on these? Next, I understand that the QOL survey is done by NUS and not by the Government, but it is still a useful report to measure residents' quality of life. Can the Ministry share how the Ministry of Culture, Community and Youth (MCCY) will use the findings and recommendations from the survey, including how the findings are effectively communicated to and acted upon by relevant stakeholders across different Government agencies and community organisations?”
“Thank you, Mr Speaker. I have a short supplementary question for the Minister. Can the Minister share whether MOM has any of these early warning or intelligence capabilities that can ascertain which unionised companies intend to carry out retrenchment exercises, so that the tripartite partners can do some preparatory or advance work to help workers that are about to be retrenched?”
“Thank you, Mr Speaker. I thank the Minister for her reply. Has the Ministry conducted any assessment of any potential impact of the case on investors confidence in Singapore?”
“Mr Speaker, I thank the Minister for his reply and the commitment to consult wider on such issues. Can I ask the Minister how LTA intends to get more feedback and views from seniors and other segments of society who may not be au fait with technology? And how can LTA ensure that such segments of our society are well-represented in these feedback sessions on salient issues that affect the public?”
“We must establish a centralised support network, a single point of contact for their digital anxieties and fears. We must hold accountable, those who target our seniors with swift and decisive action. Let this be our pledge today: we will bridge the digital divide, hand in hand with our Silver Generation. We will weave a digital tapestry where their voices are heard, their concerns addressed and their safety enshrined. This is not just about technology; it is about respect, inclusion and honouring the legacy they have built. Let us, together, build a digital Singapore where every senior, from Mdm Tan to Mr Lim to Mr Ahmad, walks confidently into the future, empowered and as valued members of our community. Mdm Deputy Speaker, let us support this Motion, let us make this promise a reality.”
“Mdm Deputy Speaker, while we diligently work to bridge the digital divide and protect our seniors online, building and maintaining their trust in our efforts is paramount. This requires transparency in how we address their concerns. It also demands swift and decisive action to combat these threats, demonstrating that we are truly committed to their well-being. A timely response to their anxieties and frustrations, like providing updates on investigations to Mdm R, reaffirms their faith in our agencies and processes. By prioritising their safety and empowerment, we can build a digital future where our seniors feel not only included, but also that they are protected and are valued members of the community. In the meantime, seniors and vulnerable citizens must not bear the brunt of digital progress. While building cyber resilience takes time, essential services must remain accessible, even if it means facilitating physical options. We cannot celebrate digital convenience while leaving our elderly behind, inconvenienced and frustrated. In conclusion, imagine this Mdm Deputy Speaker. Mdm Tan confidently navigating online forms, a smile on her face as she pays her bills without needing help. Picture Mr Lim laughing alongside his grandchildren in a distant land, brought together by technology. Mr Ahmad, enjoying the convenience of purchasing online without fearing that he will lose his life savings from it. This is not just a vision; it is a promise we can make to our seniors, a promise of a digital world where they are not left behind, but empowered and embraced. This journey requires action, not just words. We must accelerate digital literacy programmes, equipping every senior with the tools they need.”
“I have previously advocated in this House for timelines for law enforcement agencies to update residents on such matters, especially seniors impacted by online scams. Mdm R, a senior resident of mine, wrote to me and expressed her frustration about waiting for an outcome after reporting a scam at my MPS. Her words reflect the emotional toll these situations take, and I quote, "What is the update so far? I feel restless, stressed and worried. It is my hard-earned money. I need the update. I need my money back." Our seniors deserve timely updates and having the confidence that our processes can deliver results. Fourth, Mdm Deputy Speaker, we must improve our infrastructure and cyber resilience. We need to review the approach to victims of scams by unauthorised transactions. Placing the sole blame on scam victims for such transactions is unfair. While education is essential, in today's complex digital landscape, losses can stem from vulnerabilities within the system itself. Larger players, from telcos to banks and app developers, must share responsibility and invest in robust security measures. The recent government interventions and efforts are welcome. Nonetheless, more time and resources are needed to upgrade our infrastructure and ecosystem. Can the Minister share some of the plans to further strengthen cyber resilience and infrastructure? On this note, I wish to ask how does our fight against financial scams compare to other cities like Hong Kong, New York and London? What about in China, where even elderly citizens are known to navigate online payments with ease? Learning from best practices abroad can help us build a more secure and inclusive digital ecosystem for all, where convenience does not come at the cost of vulnerability.”
“First, Mdm Deputy Speaker, we must continue to empower seniors. We have started the journey and we must persist. Building digital literacy for seniors is an ongoing work. We need sustainable, engaging programmes woven into the fabric of their lives. Programmes tailored to their needs and interests, where trusted mentors guide them step-by-step, refresh their memories and nurture their confidence. These ongoing journeys will empower seniors to slowly but surely unlock the full potential of technology, one click or one tap at a time. It is about empowering them to build critical thinking skills and encourage source verification to be more discerning in the online space. Do not just forward messages; check email addresses and never share passwords. Importantly, our seniors themselves must inculcate a mindset of continuous learning and exercise vigilance about technology and new threats. Second, Mdm Deputy Speaker, we must build support systems for our seniors. Dedicated helplines and support networks are critical for seniors to seek assistance with digital issues and report scams without fear. To address the prevalence of online scams, can the Government consider a centralized agency managing these support networks and helplines? Can we consider something like the Municipal Services Office (MSO) or the OneService App? Third, Mdm Deputy Speaker, we must strengthen enforcement. Law enforcement agencies must actively crack down on cyber criminals targeting seniors, bringing them to justice and deterring future scams. We know seniors often approach their MPs for help in expediting police investigations to recover lost funds. However, once perpetrators acquire money, retrieval is understandably difficult.”
“Measuring digital literacy for seniors should not be a mere tally of workshops attended or apps downloaded. Just like learning to cook as a life skill takes more than a single class, using digital tools as a life skill too, requires sustained practice, advancement and exploration. The stakes, however, are higher in the digital realm. A misguided click can vanish years of hard-earned savings, understandably instilling fear and doubt. This creates a cruel contradiction: urging seniors towards digital dependence on one hand and then, blaming or even mocking them for the costly mistakes made. Imagine the bewilderment, when the promised convenience suddenly morphs into potential peril. It is no wonder that some seniors, despite making initial progress, choose to retreat entirely. Sadly, Mdm Deputy Speaker, the digital world also harbours malicious actors who prey on the seniors' vulnerabilities. From fake investment schemes to impersonation scams, these predators exploit their trust, inflicting financial and emotional harm. The rise of deepfakes further underscores the need to shield our seniors from online predators. We have seen recent troubling instances of deepfakes targeting high-profile figures like our Prime Minister and Deputy Prime Minister, promoting dubious investment schemes. These malicious attempts not only sow confusion and erode trust in online information, but also prey on seniors' susceptibility to such scams. We must not let our seniors become easy targets. We must equip them with the knowledge and tools to navigate the digital landscape safely and confidently. The Motion rightly puts that bridging the digital divide and combating online scams require a multi-pronged, whole-of-nation approach. I have the following proposals.”
“The troubleshooting, the fear of getting locked out – they have so many questions and it is not just a one-time fix. My parents, thankfully, have me. But, what about countless others who face this digital divide without a familiar voice to guide them? I witness these struggles at my Yio Chu Kang Meet-the-People sessions (MPS). Imagine Mdm Tan, who spent her life nurturing her family, grappling to access online Government services just to pay a bill, due to a lack of accessibility to physical options or clear information about it. Picture Mr Lim, a veteran of our nation's independence who built an honest living from little resources, now feeling a gnawing helplessness as he struggles to decipher a phishing email. Consider Mr Ahmad and his wife, pillars of our community, building their lives on hard work and friendly smiles. Years of working at their nasi lemak store, saw their five children through school, only for their dreams of retirement to vanish in a single tap. A scammer's cunning app devoured their life savings, leaving them helpless and heartbroken. These are not hypothetical situations; these are the lived realities of countless seniors in Yio Chu Kang and across Singapore. The digital divide is not just a matter of convenience; it is a barrier to essential services, financial independence and social connection. Without proper digital literacy and support, our seniors risk being left behind, isolated and vulnerable to exploitation. Over the years, the SG Digital Office (SDO) have done much to equip seniors with necessary digital skills. I wish to ask for an update on how many seniors have been reached and how many more do we need to reach? How do we measure success? Are we moving fast enough?”
“Mdm Deputy Speaker, the digital realm, powered by AI, offers unprecedented opportunities for connection, growth and progress. It fuels our economy, empowers our communities and enriches our lives in countless ways. But, like any frontier, the digital world also harbors hidden dangers and challenges. I stand before you today to advocate for a cause close to my heart and one that deserves our urgent attention: ensuring a safe and inclusive digital world for our senior citizens. Mdm Deputy Speaker, our Silver Generation has built the Singapore we know and love. They worked tirelessly, sacrificed immensely and laid the foundation for our nation's success. Now, as they navigate the twilight of their lives, it is our duty to ensure they can enjoy the fruits of their labor in a world increasingly shaped by technology. However, for many seniors, the digital revolution presents challenges. Confusing interfaces, complex online procedures and the ever-present threat of online scams can leave them feeling overwhelmed and excluded. Given the rapid pace of society and the push towards digitalisation, many may have no choice but to go digital to transact, communicate and stay connected. While many seniors possess smartphones, not all know how to use them effectively. They may struggle with basic concepts like data versus wi-fi, digital tokens and password management. I understand this from first-hand experience from helping my parents set up new accounts on their handphones. Downloading the apps and creating the accounts, is but the first step. The real challenge lies in navigating the maze of features, logins and verifications. Even with patience and repetition, committing the steps to memory is not easy.”
“In closing, I draw your attention to the earlier clarifications, namely: (a) the potential impact on foreign investment due to the Bill's broad definition of "national security interests"; (b) the necessity for clear guidelines and robust oversight mechanisms to ensure transparency and accountability in applying the Bill; (c) the delicate balance between national security and economic growth, and the risk of overly-stringent regulations hindering our long-term economic objectives; (d) the importance of safeguarding the rights and interests of minority shareholders within designated entities; (e) the imperative for a streamlined, efficient, and transparent review process that fosters trust and confidence in investors; and (f) the question of the adequate resources for the new Office of Significant Investments Review and the potential implications for national security considerations. Mr Speaker, Sir, addressing these concerns will not only pave the way for a more effective Bill. It also reaffirms Singapore's commitment to being a beacon of transparency, fairness, and a thriving economic engine for generations to come. Let us ensure that this legislation protects our future, not impedes it. Let us act now, without hesitation, to weave a future where security and prosperity flourish side by side. Notwithstanding my clarifications, I support the Bill.”
“We need to ensure that there is sufficient manpower and resources to facilitate this. I note that the Minister earlier mentioned that an Office of Significant Investments Review will be set up. What additional manpower would be required by this office? And given that this deals with national security interests would it mean only Singapore citizens would be employed? In conclusion, Mr Speaker, Sir, from our early years of Independence, we have confronted both regional and domestic threats and events that aimed to undermine our national security. These threats persist today. In recent decades, countries have increasingly embraced openness to investments, fostering economic growth through joint ventures, local partnerships and mergers. However, with these investments comes the risk of malicious actors exerting undue influence over entities, compromising a nation's security interests. In Singapore's context, with an open investment environment, we remain vulnerable to the risk of malicious actors seeking to gain control of our critical entities. It is therefore imperative that we introduce this Bill to safeguard our national security interests. Mr Speaker, Sir, this Bill sits at the crossroads. One path leads to a fortress, our nation shielded from harm. But another path leads to a tangled thicket, growth choked by uncertainty. We must choose wisely. Therefore, I urge the Government to carefully consider the clarifications offered, scrutinise the potential ramifications of the Bill and glean valuable insights from the experiences of other countries. Only through comprehensive deliberation can we refine this legislation into a robust shield that protects our national interests without stifling innovation and investment.”
“We must, therefore, look beyond our shores and other similar legislation implemented overseas. For instance, how do other countries define "national security interests"? What safeguards have they put in place to ensure transparency and accountability? By learning from others, we can refine our own Bill to achieve its objectives without inadvertently harming our economic engine. Fifth, Mr Speaker, Sir, consideration should be given to the protection of minority shareholders. The Bill must, where possible, ensure the fair treatment and protection of these shareholders within designated entities. Their investments should not be prejudiced beyond what is necessary. Clear guidelines and robust dispute resolution mechanisms must be established to safeguard their interests. Lastly, Mr Speaker, Sir, how does the Government ensure clarity and efficiency of the review process? It must be a process that is streamlined, expeditious and without unnecessary delays or administrative burdens. Investors deserve a transparent and timely decision-making process, one that fosters trust and encourages continued engagement with our economy. Can the Government elaborate on the safeguards against potential misuse of Ministerial powers? Will there be independent review mechanisms in place for Ministerial decisions? Also, can the Government assure us that the Tribunal will be equipped with the necessary expertise to handle complex national security considerations? Will its decisions be binding on the Minister? Further, will the Government publish or share the findings and the basis of such reviews? Doing so will likely instil confidence in investors, so that they may trust that such a process is transparent and fair.”
“Compliance, like a tangled vine, can choke the life out of economic activity. We must ensure that the burden placed on designated entities is proportionate to the identified risk, lest we inadvertently stifle the very growth that we seek to protect. Can the Government provide concrete examples of how the Bill will affect businesses in different sectors? What measures are in place to minimise compliance costs and administrative burdens? Businesses are the heartbeat of our economy. We must treat them with the care they deserve. Overly stringent regulations risk stifling innovation and hampering our capacity to attract and retain talent, as the designated entities are required to seek approval for the appointment of key officers. This may be viewed as being intrusive. As such, this may ultimately hinder our long-term economic objectives. Fourth, Mr Speaker, Sir, did we learn from the experiences of other countries with similar legislation, in the formulation of this Bill? I note that some countries have acknowledged the need to have adequate levers to ensure the security and reliability of their critical infrastructure, facilities, supply chains, technologies and resources. For instance, in 2023, the UK government investigated the proposed acquisition of two UK businesses by a wholly-owned UK subsidiary of a French state-owned company. The transaction was deemed a potential risk to national security. This was because of the critical national security and defence capabilities relating to naval propulsion systems delivered through the two UK entities. While the acquisition was eventually given the go-ahead, it was subject to various conditions, such as physical and information security requirements. This is not the only example.”
“Mr Speaker, Sir, the Significant Investments Review Bill is a critical piece of legislation with far-reaching implications for Singapore's future trajectory. While acknowledging the imperative of safeguarding our national security, I believe in the critical need to thoroughly consider this Bill's potential impact on our economic growth, transparency and accountability. I seek clarification in several areas. First, Mr Speaker, Sir, I seek clarifications on how the Bill may impact foreign investment and some specific industries. One of my primary concerns lies in the potential dampening effect this Bill may pose to foreign investment. Investors thrive on clarity and predictability. At present, the lack of specific guidelines could create an environment of uncertainty. While we understand the need for discretion, without a clear understanding of the risk assessment methodology, investors might hesitate and this might impede economic growth. Also, will the provisions of this Bill conflict with any existing trade agreements? If so, how will this be addressed when the provisions of this Bill become law? Second, Mr Speaker, Sir, the broad authority granted to the Government under this Bill raises legitimate questions about transparency and accountability. The vague delineation of "national security interests" necessitates clear guidelines and a robust oversight mechanism. This is to reassure stakeholders that they may be assured of equitable and judicious application of this law, thereby averting the potential abuse of authority. Third, Mr Speaker, Sir, how does the Minister intend to strike a balance between security and economic growth? Achieving equilibrium between national security imperatives and economic prosperity is a nuanced undertaking.”
“In conclusion, Mr Speaker, Sir, I believe that the net benefit of such engagements holds the potential to significantly enhance Singapore's global standing. Participation in international organisations provides our leaders with an exceptional platform to establish diplomatic connections with influential leaders across diverse nations and sectors. These networks can translate into collaborations and partnerships that ultimately benefit Singapore. Such appointments also provide the opportunity to showcase their expertise at an international level. This not only elevates their personal standing but further amplifies the influence and reputation of our nation. These international roles often involve addressing pressing global challenges, such as climate change. Our leaders, in such capacities, can contribute to meaningful solutions on a broader and international scale. In addition, by actively participating in international organisations, our leaders become effective advocates for Singapore's interests on a global stage. This may encompass negotiations on international agreements and influencing global policies in favour of our nation. Hence, achieving a balance among these diverse roles, all the while steadfastly prioritising Singapore's national interests, is critical. In doing so, we would allow for the optimal utilisation of our leaders' skills on both the domestic and international fronts, ultimately contributing to the advancement of Singapore. My clarifications notwithstanding, I stand in support of the Bill.”
“In addition, if a Minister had served, for instance, in the Ministry of National Development but is now transferred to another portfolio, is there a moratorium on their service in a foreign organisation that could pose a conflict of interest? Were there prohibitions in place before the appointment as President? Do the amendments apply to the appointments made before the role of the President was assumed? I ask these questions because if the constitutional amendments are made retrospectively, it would be a practice not commonly observed in legislative amendments. Fourth, Mr Speaker, Sir, I am concerned about the potential impact on the President's and the Ministers' abilities to fulfil their duties to the nation. With this amendment, are we confident that they will have sufficient time and bandwidth to execute their roles in both the external organisation and their official capacities? Is there a time limit for serving in these foreign or international organisations? We must prevent a scenario where our leaders become entangled in external commitments to the detriment of their duties to the nation. Should a rule prioritise their national duties? Finally, Mr Speaker, Sir, I would like to ask about financial considerations. We must address the issue of remuneration for these external positions. Do they retain the remuneration they receive? Who bears the expenses associated with travel for these appointments? Besides the monetary aspects, it touches upon the very image and perception of the office. How palatable would it be for the President to receive full wages alongside additional remuneration for a secondary appointment?”
“Mr Speaker, Sir, I rise today to seek clarification on several aspects of the Bill. First, Mr Speaker, Sir, the Bill seeks to allow the President or Ministers to hold and accept office in their "private capacity". The distinction between whether the President or the Minister is acting in the capacity of a Singaporean officeholder or a foreign one is important. This is especially considering the potential for perceptions that they are still acting as officeholders even in a private capacity. Will it be apparent as to whom the President or Minister represents when wearing these different hats? The potential switching between roles raises concerns about the clarity of representation. The public must be able to discern whether the President or Minister is acting on behalf of Singapore, the foreign organisation or both. Second, Mr Speaker, Sir, the role of the President and Ministers in foreign organisations must not run counter to our national interests. How do we ensure that individuals holding these roles align with our national priorities? Are there restrictions on the types of organisations that they can serve in? Is the President and are the Ministers prohibited from serving on foreign bodies, even remotely, if the foreign organisation's agenda poses a conflict of interest? This consideration is paramount in preventing Singapore's officeholders from using privileged information gained from their positions or accidentally disclosing official secrets. Another key consideration is the connection that exposes them to vulnerabilities that cybercriminals may exploit.”