Jamus says scam victims should not bear more than $500 in losses; banks and telcos to bear the rest
In Parliament, WP Jamus Lim suggests that scams victim should not have to bear more than S$100 to S$500 in losses, with banks and telcos bearing the rest of the costs instead. Jamus Lim describes the Monetary Authority of Singapore’s (MAS) loss-sharing framework for phishing scams as “fundamentally unfair”. Under this framework, financial institutions and […]
Jamus Lim’s flawed argument on the second key: he might not have read the Constitution
At the recent Parliament sitting, Prime Minister Lee Hsien Loong explained to WP Jamus Lim that CPIB’s reporting line has two keys, first to the PM and then the President. In a subsequent Facebook post, A/P Jamus Lim of the Workers’ Party (WP) agreed with the need for two keys, but disagreed that they should […]
Should land for public housing in Singapore be priced at a nominal rate?
You’ve heard this before: that land for HDB flats should be priced lower, even at a nominal fee of $1 because it is land for public housing. After all, land assets, as part of the reserves, belong to the people. The problem with this line of reasoning is that public housing in Singapore has taken […]