FOR IMMEDIATE RELEASE Changes to the MAS Board of Directors Singapore, 29 August 2016... the Monetary Authority of Singapore

Total Page：16

File Type：pdf, Size：1020Kb

FOR IMMEDIATE RELEASE Changes to the MAS Board of Directors Singapore, 29 August 2016... The Monetary Authority of Singapore (MAS) today announced that Mr Ong Ye Kung, Acting Minister for Education (Higher Education and Skills) and Senior Minister of State, Ministry of Defence, will be appointed to its Board of Directors. Mr Ong’s term of appointment will be from 29 August 2016 to 31 May 2019. 2 Prior to his Cabinet appointments, Mr Ong held the position of Director of Group Strategy at Keppel Corporation, overseeing long term strategic planning of the Group’s activities. Before joining Keppel Corporation, he was the Deputy Secretary-General of National Trades Union Congress, overseeing the Labour Movement’s employment and employability programmes. 3 Mr Lawrence Wong Shyun Tsai, Minister for National Development, will be stepping down from the MAS Board on 29 August 2016. Mr Wong was appointed to the MAS Board on 10 June 2011, and has served as an active member of the MAS Board for more than five years. 4 The members of the MAS Board of Directors are listed in the Annex. *** Annex Board of Directors of the Monetary Authority of Singapore (as of 29 August 2016) Mr Tharman Shanmugaratnam (Chairman) Deputy Prime Minister and Coordinating Minister for Economic and Social Policies Mr Lim Hng Kiang (Deputy Chairman) Minister for Trade and Industry (Trade) Mr Heng Swee Keat Minister for Finance Mr Ong Ye Kung Acting Minister for Education (Higher Education and Skills) and Senior Minister of State, Ministry of Defence Mr Quek See Tiat Deputy President, Council for Estate Agencies Mr Lim Chee Onn Senior International Advisor, Ascendas-Singbridge Group Mr Peter Ong Boon Kwee Head, Civil Service and Permanent Secretary (Prime Minister’s Office)(Strategy) Professor Tan Chorh Chuan President, National University of Singapore Mr V K Rajah Attorney-General, Attorney-General's Chambers Mr Ravi Menon Managing Director, MAS **** For media queries, please contact: Casie Eng Assistant Director (Communications) Monetary Authority of Singapore Tel: +65 64225428 Email: [email protected] .

Copy Link

Recommended publications

Why the Changes, and Why Now?
Why the changes, and why now? The upcoming Cabinet reshufe on May 15 comes earlier in the Government’s term than normal, Prime Minister Lee Hsien Loong said yesterday. Below are his explanations for the various movements. On Mr Heng Swee Keat relinquishing Finance: On moving Mr Chan Chun Sing from As I announced two weeks Relinquishing Finance will Trade and Industry to Education: ago, Heng Swee Keat will free him to concentrate continue as Deputy Prime more on the Chun Sing has done an excellent job Minister and Coordinating whole-of-government getting our economy back on track, and Minister for Economic economic agenda, including preparing our industries and Policies. He will also chairing the Future companies to respond to structural continue to oversee the Economy Council, and changes in the global economy. This Strategy Group within the incorporating the has been a major national priority. Now Prime Minister’s Ofce, recommendations of the I am sending him to Education, where which coordinates our Emerging Stronger he will build on the work of previous policies and plans across Taskforce into the work of education ministers, to improve our the Government, as well as the council. He will also education system to bring out the best the National Research continue to co-chair the in every child and student, and develop Foundation. As Finance Joint Council for Bilateral young Singaporeans for the future. Minister, Swee Keat has Cooperation (JCBC), Nurturing people is quite different from carried a heavy burden, together with PRC (People’s growing the economy or mobilising especially during Covid-19 Republic of China) unions.
[Show full text]
Formation of the Smart Nation and Digital Government Group in the Prime Minister’S Office
FORMATION OF THE SMART NATION AND DIGITAL GOVERNMENT GROUP IN THE PRIME MINISTER’S OFFICE Since the Smart Nation initiative was launched in late 2014, progress has been made in applying digital and smart solutions to provide better services for our citizens and businesses. Companies have also responded with innovative products. 2. To enable the Government to be more integrated and responsive in our strategy and processes for Smart Nation and Digital Government (SNDG), the following organisational changes will take effect from 1 May 2017: a. The Smart Nation and Digital Government Office (SNDGO) will be formed under the Prime Minister’s Office (PMO) comprising staff from the Digital Government Directorate of the Ministry of Finance (MOF), the Government Technology Policy department in the Ministry of Communications and Information (MCI), and the Smart Nation Programme Office (SNPO) in the PMO. b. The Government Technology Agency (GovTech), a statutory board under MCI, will be placed under the PMO as the implementing agency of SNDGO. 3. Collectively, the SNDGO and GovTech will form the Smart Nation and Digital Government Group (SNDGG) in the Prime Minister’s Office. Figure 1 [below] illustrates these organisational changes. 1 Figure 1: Organisational chart for Smart Nation and Digital Government Group (SNDGG) in the Prime Minister’s Office 4. The SNDGG shall be responsible for the following: a. Apply digital and smart technologies to improve citizens’ lives in key domains, in partnership with other government agencies, industry, and the public. One such key domain is urban mobility. The Land Transport Authority (LTA) has been using data analytics to better manage our bus fleets, reduce crowdedness and improve timeliness.
[Show full text]
Leadership Changes to Singapore-China Bilateral Business Councils with New Cabinet
M E D I A R EL EA S E Leadership Changes to Singapore-China Bilateral Business Councils with New Cabinet MR No.: 002/16 Singapore, Wednesday, 27 January 2016 1. International Enterprise (IE) Singapore, the Singapore Secretariat to seven Singapore- China Bilateral Business Councils, today announced several leadership changes to the Councils that demonstrate Singapore’s continued engagement with the Chinese market. 2. China remains one of the key priority markets that Singapore companies are keen to expand in. The Business Councils are led by Ministerial-level leaders from both sides. They are strategic platforms that aim to promote cooperation between Singapore and the respective provinces beyond economic areas, such as cultural and education exchanges, as well as training and tourism. 3. The leadership changes to the following five Business Councils are as follows: a. Singapore-Guangdong Collaboration Council (SGCC): Mr Ong Ye Kung, Acting Minister for Education (Higher Education and Skills) & Senior Minister of State, Ministry of Defence, succeeds former Minister Lui Tuck Yew as Co-Chairman; b. Singapore-Jiangsu Cooperation Council (SJCC): Dr Koh Poh Koon, Minister of State, Ministry of National Development & Ministry of Trade and Industry, succeeds Minister of State Teo Ser Luck as Vice Co-Chairman; c. Singapore-Sichuan Trade and Investment Committee (SSTIC): Mr Ng Chee Meng, Acting Minister for Education (Schools) & Senior Minister of State, Ministry of Transport, succeeds Minister Lawrence Wong as Co-Chairman; d. Singapore-Tianjin Economic and Trade Council (STETC): i. Mr Lawrence Wong, Minister for National Development, succeeds Minister Khaw Boon Wan as Co-Chairman; International Enterprise Singapore is the government agency driving Singapore’s external economy.
[Show full text]
FOR IMMEDIATE RELEASE Re-Appointments to the MAS Board
Monetary Authority of Singapore 10 Shenton Way MAS Building Singapore 079117 Telephone: (65) 6225-5577 FOR IMMEDIATE RELEASE Re-appointments to the MAS Board of Directors Singapore, 29 May 2020... The Monetary Authority of Singapore (MAS) announced the re-appointment of two existing members to the MAS Board of Directors. 2. Mr Lucien Wong, Attorney-General, and Mr Chaly Mah, Chairman of NetLink NBN Management Pte Ltd, will be re-appointed to the MAS Board for a further term of three years, from 1 June 2020 to 31 May 2023. 3. Mr V K Rajah, Senior Counsel and Member of Essex Court Chambers Duxton (Singapore Group Practice), will be stepping down from the MAS Board and as a member of the Risk Committee on 31 May 2020. Mr Tharman Shanmugaratnam, Chairman of the MAS Board, said, “Mr Rajah provided valuable insights to the MAS Board over the past five years, and helped shape MAS’ approach on several important regulatory and consumer-related issues. We are deeply appreciative of his contributions.” 4. The members of the MAS Board of Directors are listed in the Annex. ***** For media enquiries, please contact: Denise Gan Deputy Director (Communications) Monetary Authority of Singapore Tel: +65 62299425 Email: [email protected] Monetary Authority of Singapore 10 Shenton Way MAS Building Singapore 079117 Telephone: (65) 6225-5577 Annex Board of Directors of the Monetary Authority of Singapore (with effect from 1 June 2020) Mr Tharman Shanmugaratnam (Chairman) Senior Minister and Coordinating Minister for Social Policies Mr Lim Hng Kiang (Deputy
[Show full text]
Speech by Mr Ong Ye Kung, Minister for Education
SPEECH BY MR ONG YE KUNG, MINISTER FOR EDUCATION (HIGHER EDUCATION AND SKILLS) AND SECOND MINISTER FOR DEFENCE AT THE 13TH MALAY LITERARY AWARD PRESENTATION, 28 OCTOBER 2017, 2.30 PM AT FOUR SEASONS HOTEL Assoc. Prof. Muhammad Faishal Ibrahim, Senior Parliamentary Secretary, Ministry of Education & Ministry of Social and Family Development and Chairman, Malay Language Council of Singapore, Mrs Rosa Daniel, Chief Executive Officer, National Arts Council Assoc. Prof. Hadijah Rahmat, Chairman, Anugerah Persuratan Committee, Anugerah Persuratan Judges and Award Recipients, Distinguished guests, Ladies and Gentlemen, Let me start with a pantun: Jalan-jalan di Bukit Bendera, (Went for a walk at Bukit Bendera) Berehat sebentar di tengah hari (Rest for a while at noon) Kalau tidak kerana sastera (If it is not for literature) Tidaklah saya sampai ke mari. (I may not be here today). 1 Introduction 1. Good afternoon. It is my pleasure and honour to be here at the 13th Anugerah Persuratan Presentation Ceremony. I am sure our literary fraternity looks forward to this biennial event, as it is not only a platform to acknowledge our fellow writers and activists, but also an opportunity to meet friends and strengthen camaraderie. Importance of Literature 2. We are all here today because we know the importance of literature. Pramoedya Ananta Toer, a famous Indonesian writer wrote in one of his books1 that without loving literature, we are just clever animals. Rather extreme, but it does sum up the importance of literature in our lives. It serves as the thread that pulls together the fabric of society, demonstrates and dramatises a wide range of human, political, social and cultural issues that help society understand complex issues in a highly globalised and changing world.
[Show full text]
Singapore Armed Forces and China's People's Liberation Army Will Step up Bilateral Defence Cooperation
Singapore Armed Forces and China's People's Liberation Army will Step Up Bilateral Defence Cooperation 05 Feb 2018 Chinese Minister of National Defense General (GEN) Chang Wanquan (right) meeting with Minister for Defence Dr Ng Eng Hen during his introductory visit to Singapore. Chinese Minister of National Defense General (GEN) Chang Wanquan is in Singapore for an official defence visit from 4 to 8 February 2018. GEN Chang was received by Minister for Defence Dr Ng Eng Hen at the Ministry of Defence this morning with a Guard of Honour. In 1 addition to visits to the Singapore Armed Forces (SAF) Army and Navy units, he was hosted to lunch by Second Minister for Defence Mr Ong Ye Kung and to dinner by Dr Ng. During their meeting this morning, GEN Chang proposed to deepen Army cooperation, through the conduct of Exercise Cooperation in 2018 – 2019, and Navy cooperation, through port calls and other mutually beneficial interactions. GEN Chang also invited MINDEF and the SAF leadership to visit China. In this regard, Dr Ng accepted GEN Chang's invitation to this year's Xiangshan Forum, to be held in September 2018. Dr Ng likewise welcomed high- level visits from the People's Liberation Army to Singapore. Both Ministers also discussed regional security issues, and agreed on the need to have open and inclusive security architectures. In that regard, GEN Chang conveyed China's support for Singapore's ASEAN Chairmanship, affirming that China would work with Singapore to deepen ASEAN-China relations. GEN Chang also conveyed his appreciation for the role that Singapore, as the ASEAN-China Country Coordinator, has played to improve defence ties between China and ASEAN.
[Show full text]
Lunar New Year Celebration Jointly Organised by Sccci and Business
ERC/PR/2020 EMBARGOED TILL DELIVERY – 致辞前禁止发表 PLEASE CHECK AGAINST DELIVERY- 以现场致辞内容为准 LUNAR NEW YEAR CELEBRATION JOINTLY ORGANISED BY SCCCI AND BUSINESS CHINA SPEECH BY SCCCI PRESIDENT ROLAND NG TIME: 25 JANUARY 2020 (SATURDAY) 11 AM TRADE ASSOCIATION HUB AUDITORIUM Honourable Minister for Education Ong Ye Kung Ministers, Excellencies, Business China Chairman Lee Yi Shyan, Senior Government Officials and Leaders of Community Organisations, SCCCI Honorary Presidents, Senior Honorary Council Members, Honorary Council Members, Council Members, and Members, Directors and Representatives of Business China Ladies and Gentlemen， Good morning everyone! Today is the first day of the Lunar New Year, a joyous day of reunion. On behalf of the Singapore Chinese Chamber of Commerce & Industry, I extend a warm welcome to our guest of honour Minister Ong Ye Kung, as well as our special guests including Minister for Trade and Industry Chan Chun Sing, Senior Minister of State Sim Ann, and Senior Parliamentary Secretary Low Yen Ling, and 1 all other guests. Here, I wish all of you a Happy Year of the Rat, cascades of wealth, a booming business, cash rich and good luck! 2020 is the beginning of a new decade. Being the year of the Golden Rat, it starts a new cycle in the sexagesimal calendar. This very rare juncture in time will take another 60 years to come around, meaning 2080. This is the third consecutive year that the Singapore Chinese Chamber of Commerce & Industry is jointly holding the Lunar New Year Celebration with Business China, which is something of great significance. We can also say that our very special fortune has brought us together today to welcome the festival.
[Show full text]
Reply to Parliamentary Question on Unauthorised Banking Transactions
Parliamentary Replies | Published Date: 16 February 2021 Reply to Parliamentary Question on Unauthorised Banking Transactions QUESTION NO 543 NOTICE PAPER 227 OF 2021 FOR ORAL ANSWER Date: For Parliament Sitting on 16 February 2021 Name and Constituency of Member of Parliament Dr Tan Wu Meng, MP, Jurong GRC Question: To ask the Prime Minister (a) over the past three years, how many reports have been made annually by consumers regarding unauthorised online bank transactions; (b) in what proportion of cases is there 2-factor authentication (2FA) by token and SMS one-time password respectively; and (c) what is the recourse for consumers who suspect that they are victims of cybercrime or mobile device hacking leading to the unauthorised bank transactions. Answer by Mr Ong Ye Kung, Minister for Transport, on behalf of Mr Tharman Shanmugaratnam, Senior Minister and Minister in charge of MAS: 1. In 2020, the police received 1,848 reports of unauthorised online banking and card transactions involving criminals phishing for banking and card details from the victims before performing these unauthorised transactions. The cases are on an upward trend. In 2018 and 2019, there were 114 and 329 cases respectively. 2. The Monetary Authority of Singapore (MAS) requires banks to implement controls, such as multi-factor authentication using one-time passwords (OTPs), to keep online transactions secure. Unfortunately, multi-factor authentication cannot eliminate all scams. Many victims have been tricked into revealing their user IDs, passwords, OTPs, or credit card details to scammers. 3. Recently, some account holders have reported successful online card transactions when no SMS OTPs were received, or when no SMS OTPs were revealed to others.
[Show full text]
INDIA-SINGAPORE RELATIONS Background the Close Ties Between
INDIA-SINGAPORE RELATIONS Background The close ties between India and Singapore have a history rooted in strong commercial, cultural and people-to-people links. India's connection with Singapore dates back to the Cholas. The more modern relationship is attributed to Sir Stamford Raffles who, in 1819, established a trading station in Singapore on the route of the Straits of Malacca which became a colony under British India, governed from Calcutta (1830-1867). The colonial connection is reflected in a similarity of institutions and practices, usage of English and the presence of a large Indian community. India was one of the first countries to recognize Singapore in 1965. India's economic reforms in 1990s and the Look East Policy provided opportunities to recreate a new framework for cooperation, which included the Comprehensive Economic Cooperation Agreement of 2005. Strategic Partnership This robust relationship was elevated to a Strategic Partnership during the visit of Prime Minister Modi who signed a Joint Declaration on a Strategic Partnership with Singapore Prime Minister Lee Hsien Loong on 24 November 2015 on the occasion of the 50th anniversary of the establishment of diplomatic relations. During Prime Minister Modi's visit in November 2015, nine bilateral documents were signed/exchanged in areas of defence, maritime security, cyber security, narcotics trafficking, urban planning, civil aviation, and culture and a Joint Statement was issued which outlined areas of cooperation and mutual interest. Joint commemorative stamps depicting the Presidential Buildings of the two countries were released by the two Prime Ministers to commemorate the 50th anniversary of diplomatic relations. Prime Minister paid homage to Netaji at the INA Memorial Marker, delivered the 37th Singapore Lecture titled 'India's Singapore Story', visited the Institute of Technical Education (ITE) and addressed the business community at the India-Singapore Economic Convention and the Indian community in Singapore at a gathering of around 20,000 people.
[Show full text]
Head N Ministry of Foreign Affairs
101 HEAD N MINISTRY OF FOREIGN AFFAIRS OVERVIEW Mission Statement MFA is committed to the effective and timely formulation, implementation and communication of policies that: • Uphold Singapore’s sovereignty • Promote a peaceful regional environment • Sustain Singapore’s relevance internationally • Expand Singapore’s political and economic space • Share our developmental experience as a responsible global citizen • Connect with Singaporeans travelling and living overseas, assist them in times of need FY2021 EXPENDITURE ESTIMATES Expenditure Estimates by Object Class BLANK Actual Estimated Revised Estimated Code Object Class FY2019 FY2020 FY2020 FY2021 Change Over FY2020 BLANK TOTAL EXPENDITURE $451,320,347 $447,429,100 $403,308,500 $433,887,900 $30,579,400 7.6% Main Estimates $439,292,285 $450,109,100 $400,708,500 $427,837,900 $27,129,400 6.8% OPERATING EXPENDITURE $435,597,634 $435,929,100 $395,308,500 $421,387,900 $26,079,400 6.6% RUNNING COSTS $341,868,004 $343,057,100 $313,256,900 $339,813,700 $26,556,800 8.5% Expenditure on Manpower $183,714,272 $187,719,400 $175,775,600 $188,809,000 $13,033,400 7.4% 1200 Political Appointments 1,673,914 1,588,000 1,445,200 2,034,700 589,500 40.8 1500 Permanent Staff 163,637,350 166,775,700 156,514,700 166,660,400 10,145,700 6.5 1600 Temporary, Daily-Rated & Other Staff 18,403,008 19,355,700 17,815,700 20,113,900 2,298,200 12.9 Other Operating Expenditure $158,153,732 $155,337,700 $137,481,300 $151,004,700 $13,523,400 9.8% 2100 Consumption of Products & Services 127,219,064 124,169,100 118,941,100
[Show full text]
Nsmen and Employers Reaffirm Commitment to Defence
NSmen and Employers Reaffirm Commitment to Defence 02 Jul 2018 Minister for Defence Dr Ng Eng Hen (centre) joined the Operationally Ready National Servicemen (NSmen), employers and senior SAF commanders in reaffirming their commitment to the defence of Singapore, as they recited the SAF Pledge earlier this morning at the first of four rededication ceremonies.. More than 983 Operationally Ready National Servicemen (NSmen) from 407 companies and their employers gathered for the Singapore Armed Forces (SAF) Day Combined Rededication Ceremonies held at four locations around Singapore this morning to reaffirm their commitment to the defence of Singapore. 1 Minister for Defence Dr Ng Eng Hen officiated at the rededication ceremony held at the Trade Association Hub, where he delivered the SAF Day message to remind Singaporeans of the importance of a strong and capable SAF to protect the nation's sovereignty and our way of life. Citing the successful contribution of the SAF in protecting Singapore against external threats at the recent DPRK-USA Singapore Summit, he said, "Singaporeans can take pride in that, year after year, our steady investments into building a defence capability have paid off… Today, we have that confidence that the SAF, if needed, can be called upon to defend Singapore and keep Singaporeans safe. That confidence arises not only because of modern armaments and platforms, but most importantly because SAF soldiers, mainly NSmen, are ready and prepared to defend our peace and way of life." Dr Ng added, "This SAF Day, I ask all Singaporeans to continue in their unwavering resolve and support to build a strong defence for Singapore… I thank all SAF men and women for your contributions to our country's defence.
[Show full text]
Invitation to Tender – Request for Proposal
创会赞助人新加坡建国总理李光耀先生 Invitation to Tender – Request for Proposal The Business China Awards (BCA) 10th Anniversary Commemorative 赞助人 and Presentation Ceremony 新加坡总理李显龙先生 Event Details 顾问 Date: 8 November 2021 新加坡贸工部长 Organiser: Business China 颜金勇先生新加坡教育部长 Request for Proposal from Hotels 陈振声先生新加坡卫生部长 I) Invitation to Tender 王乙康先生新加坡永续发展与环境部长 In this Invitation to Tender (ITT) dated 27 August 2021, Business China 傅海燕女士 hereby invites hotels to each submit a formal proposal for the 主席 provision of event venue spaces and facilities, banquet services and related services to Business China in accordance with all the terms 李奕贤先生 and conditions as set out in this ITT. Founding Patron The objective of this ITT is to engage a hotel for Business China Mr Lee Kuan Yew Singapore’s Founding Awards (BCA) 10th Anniversary Commemorative and Presentation Prime Minister Ceremony scheduled to be held on 8 November 2021. Please note Patron that the execution of Business China Awards (BCA) 10th Anniversary Mr Lee Hsien Loong Commemorative and Presentation Ceremony is subjected to the Singapore’s Prime Minister latest development of the COVID-19 situation and Business China will Advisers stay guided by the related government guidelines. Mr Gan Kim Yong Minister for Trade and Industry Each Tender must be submitted in accordance with this ITT. Any Mr Chan Chun Sing Tender not made in accordance with the Instructions will not be Minister for Education considered. Business China may reject any Tender where any Mr Ong Ye Kung Minister for Health attempt is made to amend and/or vary the terms or conditions in this ITT.
[Show full text]