Budget 2024: “Handout” Approach Continues
Mr Speaker Sir, Budget 2024 is a big budget because the Government had a bumper year in 2023. Operating revenue in 2023 was larger than the original estimate by $8.0 billion because of the tax increases announced in 2022, high inflation and high property prices. This $8 billion excess revenue together with the $23.5 billion […]
Budget 2024: More Support Needed for Cash-Strapped Singaporeans
This speech was delivered on 26 February 2024, as part of the Budget 2024 debate. Mr Speaker Sir, Budget 2024 is a big budget because the Government had a bumper year in 2023. Operating revenue in 2023 was larger than the original estimate by $8.0 billion because of the tax increases announced in 2022, high […]
Enlistment Act: Why No Updates to Statutory NS Liability?
Video pending.This speech was delivered on 16 February 2024. Mr Speaker Sir, The Progress Singapore Party (PSP) welcomes the move by the Government to update the Enlistment Act. While we have no quarrel with the updates proposed in the Bill, we note that the Bill does not make any amendments to the statutory length of […]
PSP Public Finances Debate: Closing Speech
I thank the Prime Minister, Minister and the Members for participating in this debate. Indeed, it is an honour for Hazel and myself. There has been a lot of discussion and debate on various topics. We understand all the good things that the Past Reserves will bring to us and bring to our country, but […]
PSP Public Finances Debate: Review Singapore’s Fiscal and Reserves Accumulation Policies
Mr Speaker, Sir, I beg to move, “That this House calls on the Government to review its current budget and reserve accumulation policies in order to help present-day Singaporeans reduce their financial burdens and improve their quality of life, while continuing to save for future generations of Singaporeans.” Last November, during the debate on the […]
Significant Investments Review Bill: Significant Concerns
Mr Speaker Sir, The Significant Investments Review Bill seeks to protect Singapore’s national security interests by regulating significant investments in and control of critical entities. Under the proposed bill, a screening regime for ownership transactions in critical business entities will be set up. This is similar to the screening regimes in other countries such as […]
Constitutional Amendment: Why The Rush?
Mr Speaker Sir, Today, we are debating amendments to the Constitution to create a framework for the President and Ministers to perform foreign and international roles in their private capacity. This Bill also appears to address urgently the circumstances of the President since his inauguration on 14 September 2023. President Tharman is extremely respected by […]
Cost of Living Motion
The Progress Singapore Party (PSP) supports the motion moved by the Honourable Leader of the Opposition and Member Louis Chua, which calls on the Government to review its policies so as to lower cost of living pressures on Singaporeans and their families. It is especially apt to describe the ongoing inflationary pressures faced by Singaporeans […]
CPF (Amendment) Bill
Mr Speaker Sir, One of the main objectives of the bill being debated today is to amend the CPF Act 1953 to limit CPF schemes primarily to Singapore Citizens and PRs. This is the culmination of changes to CPF that began almost 30 years ago. Prior to August 1995, some categories of foreign workers, most […]
PSP’s Position on the Israel-Hamas Conflict
Mr Speaker Sir, The Progress Singapore Party (PSP) supports the Motion brought to this House by hon Member Vikram Nair and also the amendments by hon Member Alex Yam today. Like many Singaporeans, the PSP is distressed and saddened by the tragic violence and loss of life in Israel and the Gaza Strip since Hamas […]