Shawn Loh on Central Provident Fund (Amendment) Bill
The government’s approach to sunset the special discounted share programme is fair and prudent, and an evaluation would be useful, said MP Shawn Loh. For example, has it helped improve financial and investment literacy? What were the administrative costs and what will be the resource savings after closure? In parliament on Thursday (May 7), Mr Loh also said the spirit of the scheme should continue, with longer-term surplus-sharing programmes, not ad hoc ones. The attitude of the government in the 1990s - not being afraid to take some policy risk - should also be emulated, he said. While this was "a good chapter in (Singapore’s) nation-building story with a happy ending", that was not a foregone conclusion.
The government’s approach to sunset the special discounted share programme is fair and prudent, and an evaluation would be useful, said MP Shawn Loh. For example, has it helped improve financial and investment literacy? What were the administrative costs and what will be the resource savings after closure? In parliament on Thursday (May 7), Mr Loh also said the spirit of the scheme should continue, with longer-term surplus-sharing programmes, not ad hoc ones. The attitude of the government in the 1990s - not being afraid to take some policy risk - should also be emulated, he said. While this was "a good chapter in (Singapore’s) nation-building story with a happy ending", that was not a foregone conclusion.
