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Monday, March 9, 2015

Singapore Straits Times- Budget Debate 2015

Monday, Mar 9, 2015
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ABOUT THE BUDGET PROCESS
After the Budget is presented, Members of Parliament (MPs) scrutinise the Government's proposals for spending and revenue for the financial year starting on April 1. The Budget debate usually lasts two to three days, after which MPs go on to the Committee of Supply (COS) debate. Ministries will explain during the COS debate how money allocated to them will be spent, by giving more details about their upcoming plans.
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Day 5's debate in 2 minutes
Parliament on Monday discussed the budgets of four ministries: Trade and Industry, Manpower, Finance and Communications and Information.
More help for low-wage workers in SMEs and freelancers
SINGAPORE - A committee tasked to improve the lot of low-wage workers will focus on those in small and medium enterprises, and doing casual work, including freelance work.
Workplace safety measures for construction to be enhanced: SPS Hawazi
SINGAPORE - The penalty system for the construction sector will be enhanced later this year to increase its effectiveness against errant companies who blatantly flout safety rules, Senior Parliamentary Secretary for Manpower Hawazi Daipi said on Monday.
Employers have incentives to hire older workers: Amy Khor
SINGAPORE - It will be another two or three years before laws make compulsory the re-hiring of older workers until the age of 67, but in the meantime employers already have incentives to do so voluntarily.
MOM will encourage companies to hire better-skilled foreign labour in the process sector
SINGAPORE - While the government will continue to keep a tight lid on foreign manpower growth here, it will encourage companies to hire higher quality foreign labour, said Minister for Manpower Tan Chuan-Jin on Monday.
CPF Board to roll out one-on-one retirement planning services this year
SINGAPORE - Singaporeans can look forward to one-on-one retirement planning services to be rolled out by the Central Provident Fund (CPF) Board in the later half of this year. 
Return to workforce, family support important for non-working women: Tan Chuan-Jin
SINGAPORE - In response to calls for more aid for non-working women who may have low retirement savings, Manpower Minister Tan Chuan-Jin said on Monday that the Government supports this group in two ways.
SkillsFuture courses to include aerospace, IT, languages, culinary skills
SINGAPORE - A diverse range of courses will be offered under the SkillsFuture Credit scheme, said Manpower Minister Tan Chuan-Jin on Monday.
Shared e-commerce and HR platforms for SMEs to pool resources
SINGAPORE - Smaller local firms which want to offer online shopping services for their customers but find it too onerous or costly to do so will soon get a hand from the Government.
Labour market to tighten sharply as workforce growth slows: Tan Chuan-Jin
SINGAPORE - The labour market will tighten significantly in the future as growth of the local workforce slows dramatically, said Manpower Minister Tan Chuan-Jin in Parliament on Monday. 

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- See more at: http://www.straitstimes.com/budget-debate-2015#sthash.d03XOyfX.dpuf
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