Parliament on Monday (May 11) passed laws to regulate third-party taxi booking apps and drones, as well strengthening MAS' supervisory powers against money laundering & terrorism financing. Six Bills were also introduced, including the Insurance (Amendment) Bill and the Bankruptcy (Amendment) Bill.
The CPF scheme has served Singaporeans well, but it is also timely to review it in order to enhance retirement adequacy. Several MPs made this point as they thanked the President for his address charting the government's agenda for the second half of its term. Parliament was also given an update on the committee tasked to review the education model at polytechnics and ITE. MPs were told that the committee is looking at how these students can progress upwards even without a degree, or before they get one.