Economy & business

5,376 debates and bills about economy & business

7 May 2026

Expected Time Lag for Sing Dollar Policy Adjustments to Have Visible Effect on Exchange Rates

MAS manages S$NEER; gradual appreciation since Oct 2021 continues, up 12%, dampening imported inflation.
US dollar remains dominant; basket weights reflect trade patterns and evolve gradually over time.
Stability rests on strong fundamentals and credible monetary policy delivering low inflation.

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7 May 2026

Impact of Energy Crisis on Hiring Prospects

Labour market resilient, but firms more cautious; hiring intentions fell from 54.6% to 44.6%.
Government offers career support, calibrates work pass policies, and sees crisis-driven opportunities.
Workforce planning adapts to overlapping structural disruptions like trade fragmentation and technology shifts.

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6 May 2026

Regulating Pet Insurance Costs and Allowing MediSave Use for Veterinary Fees and Service Animal Care

Pet insurance pricing is set by insurers, not regulated.
No MediSave use for veterinary fees or pet insurance premiums.

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6 May 2026

Evaluating Cost-effectiveness of Broader Continuous Glucose Monitoring Adoption and Plans to Expand Subsidies

MOH will review CGM subsidies beyond Type 1 diabetes, assessing Type 2 subgroups.
Expansion depends on proven clinical and cost effectiveness for patients.
Supplier prices remain high due to Singapore’s small market and high-income status.

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6 May 2026

Allocated Funding, Implementation Timeline and Existing Trained Workforce to Meet Palliative Care Competency Training Targets

Palliative care training uses existing budgets; no new specific funding allocated.
MOH doesn't track current trained workers; training is embedded in healthcare education.
Progress toward 10,000 trained healthcare workers by 2030 will be planned and monitored.

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6 May 2026

Trend Analysis of Gold and Gold-related Investment Scams from 2022 to Date and Breakdown of Victims by Age Group, and Scam Prevention Measures

Police don't track gold scams specifically; 2025 saw 130 gold-handover cases, two-thirds victims 65+.
Scammers posed as officials, using fake insurance or investment ruses to obtain gold.
Authorities partnered with banks and gold dealers, plus public outreach and a code of practice.

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6 May 2026

Impact of Global Jet Fuel Shortage on Tourism and MICE Industries and Mitigation Measures

Tourism and MICE remain resilient despite jet fuel shortages causing some event postponements.
Visitor arrivals and receipts targets remain steady for 2026.
STB will boost marketing, offers, and secure diverse events to sustain growth.

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6 May 2026

Average Annual Registration and Deregistration Rates in F&B Sector from 2000 to Present

MP asked for average annual F&B business registrations and deregistrations across three periods.
Minister provided the figures in a table and directed to Singstat’s website for annual breakdowns.

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6 May 2026

Review of Threshold for Compulsory GST Registration Since Introduction in 1994 to Adjust for 30 Years of Inflation

MP asked to review $1 million GST registration threshold, unchanged since 1994 despite inflation.
Minister declined, citing unchanged position and referred to February 2024 explanation.
Threshold stays relevant; small businesses still face effective lower threshold in real terms.

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6 May 2026

Amending Code of Corporate Governance and SGX Listing Rules to Restrict Remuneration Committee Composition and Mandate Remuneration Disclosure

SGX and the CG Code already require remuneration committees to comprise non-executive directors.
Existing rules mandate director remuneration disclosure, including substantial shareholders and family members.
SGX and CGAC are consulting on disclosing KPIs linking executive pay to long-term shareholder value.

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6 May 2026

Measures to Secure Singapore's Energy Supply and Manage Inflation from Energy Price Increases

Vikram Nair asked how Singapore would secure energy supply and curb inflation from Iran war price hikes.
Gan Kim Yong referred to prior ministerial statements on the Middle East impact from April 7, 2026.

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6 May 2026

Further Support to Employers when Progressive Wage Credit Scheme Ends in 2028

PWCS is transitional support to help employers raise lower-wage workers' pay sustainably.
Government extended co-funding for 2026 and two extra years; beyond 2028 is premature.
Employers should invest in upskilling and productivity; policies will be reviewed.

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6 May 2026

Ensuring Student Care Centre Services Remain Affordable and Accessible for Lower- and Middle-income Families

SCFA subsidies cut student care costs to $5 monthly, with income threshold raised to $6,500.
Most schools have sufficient capacity; waitlisted children have alternative care arrangements.
Ongoing review will study further affordability and accessibility measures.

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6 May 2026

Metrics Determining Introduction and Sizing of Support to Businesses and Households, and Flexibility within Existing Budget without Drawdown on Past Reserves

Government tracks macro and crisis-specific indicators to decide targeted support.
Budget 2026 allows reallocation; Contingencies Fund or Supplementary Bill possible if needed.
No drawdown on Past Reserves expected.

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6 May 2026

Outlook on Singapore's Tourism and MICE Sectors Given Middle East Conflict

Singapore expects 17-18 million visitors in 2026 despite fuel costs, cancellations, and stronger dollar.
MICE sector resilient despite some postponements; major events drew record attendance.
Government remains confident long-term, adapting marketing and securing diverse events for high-yield visitors.

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6 May 2026

Intended Roles for Singapore in Japan's Proposed $10 Billion Financial Framework to Assist ASEAN Nations to Enhance Energy Security

Japan announced US$10 billion energy resilience framework; Singapore awaits operational details.
Japan will channel funds via Japanese entities like JBIC, JICA, NEXI.
Singapore supports and will partner Japan and trusted partners to strengthen regional resilience and supply flows.

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6 May 2026

Standardising Cost-sharing of Additional Fuel-related Costs between Government and Contractors

Government standardises 50% co-sharing of diesel/bitumen cost hikes for critical projects (earthworks, piling, reclamation, roadworks).
Contractors outside critical projects get broad-based support; private developers urged to share cost hikes.

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6 May 2026

Studies on Maintenance Complexities and Costs of Super-tall HDB Blocks

Maintenance and life-cycle costs are considered upfront in designing HDB blocks, including lifts, facades, materials.
Taller blocks cost more but have more households; S&CC, grants, and facade co-payments support councils.
Government will monitor finances and assess further funding support if needed.

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6 May 2026

Non-medical Costs Borne by Families Receiving Home-based Palliative Care

MP asked about non-medical costs like transport, diapers, caregiving, and lost income for home palliative care families.
Government enhanced means-tested subsidies and removed MediSave withdrawal limits since 2024.
Patients can tap CPF Reduced Life Expectancy scheme to cover residual non-medical expenses.

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6 May 2026

Effect of Downward Revision to Enhanced Fundraising Programme's Fund Matching on Charities' Donation Revenues, Operating Budgets and Staffing Plans

EFR was a temporary COVID measure; donations rebounded to $3.7 billion.
Government cites other support like grants, tax deductions, and ComChest.
Expects minimal impact on charities' operations from tapering.

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