{"loaderData":{"0-25":{"context":{"type":0,"statusCode":200,"cacheControlMaxAge":60,"regenerateInterval":180,"payload":{"pageType":"live-blog-landing-page","results":[{"title":"","url":"","description":"","type":"live-coverage","refCode":"live:-parliament-to-discuss-gic-and-temasek’s-performance,-changes-to-ip-riders","cards":[],"liveBlogData":{"htmlData":"

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LiveParliament to discuss GIC and Temasek’s performance, changes to IP riders

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A new batch of nine Nominated MPs will also take their oaths of allegiance.

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Ng Wei Kai, Aqil Hamzah, Calista Wong, Sherlyn Sim

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Published: Jan 12, 2026

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Follow ST's live coverage.","ogDescription":"Parliament will discuss the performance of Singapore investment vehicles Temasek and GIC, as well as the changes to IP riders. Read more at straitstimes.com.","jsonLd":"{\"@context\":\"https:\\/\\/schema.org\",\"@type\":\"LiveBlogPosting\",\"@id\":\"https:\\/\\/www.straitstimes.com\\/live-singapore-parliament-jan-2026\",\"headline\":\"Live: Parliament to discuss GIC and Temasek\\u2019s performance, changes to IP riders (Day 1)\",\"description\":\"A new batch of nine Nominated MPs will also take their oaths of allegiance.\",\"coverageStartTime\":\"2026-01-12T09:00:00+08:00\",\"coverageEndTime\":\"2026-01-12T23:59:00+08:00\",\"publisher\":{\"@type\":\"Organization\",\"name\":\"The Straits Times\",\"logo\":{\"@type\":\"ImageObject\",\"url\":\"https:\\/\\/www.straitstimes.com\\/assets\\/ST-logo-default-aoeSLh4S.png\",\"width\":\"1228\",\"height\":\"96\"}},\"liveBlogUpdate\":[{\"@type\":\"BlogPosting\",\"headline\":\"MOH may implement surge capacity for selected treatments if IP rider changes lead to shift from private to public hospitals\",\"datePublished\":\"2026-01-12T12:27:03+08:00\",\"dateModified\":\"2026-01-12T12:34:10+08:00\",\"articleBody\":\"Amid the new requirements for Integrated Shield Plan (IP) riders, some individuals may choose to seek care at public hospitals to reduce their co-payment, notes Health Minister Ong Ye Kung.\\u201cIf need be, we may need to implement surge capacity for selected treatments,\\u201d he says. This is a short-term impact of the policy, which his ministry will monitor closely, he adds.This comes as efforts are ongoing to expand public health capacity \\u2013 in hospital beds and outpatient capacity \\u2013 to support the demands of an ageing population.In the medium to long term, the policy change should impact the respective utilisation of private and public care and wait times, as it is part of efforts to mitigate the shift of patients from private to public healthcare, Mr Ong says.The current patient load between private hospitals and public hospitals is 1:9, he adds.The ratio was 15:85 in 2010 and 12:88 in 2020.He is responding to questions from MPs such as Mr Yip Hon Weng (Yio Chu Kang) and Ms Poh Li San (Sembawang West).The changes to the IP rider come as private healthcare costs are escalating.With the changes, new IP riders sold from April 1 will no longer be allowed to cover the minimum deductibles patients pay before insurance kicks in.IP holders with the new riders will also need to pay a larger portion of their bills, as the co-payment cap on their maximum out-of-pocket cash will be doubled from $3,000 to $6,000.\",\"publisher\":{\"@type\":\"Organization\",\"name\":\"The Straits Times\"},\"author\":{\"@type\":\"Person\",\"name\":\"Goh Yan Han\"}},{\"@type\":\"BlogPosting\",\"headline\":\"What to watch for today\",\"datePublished\":\"2026-01-12T11:57:02+08:00\",\"dateModified\":\"2026-01-12T12:17:55+08:00\",\"articleBody\":\"Good morning. We will kick off the first sitting of 2026 with the swearing in of the latest batch of Nominated MPs \\u2013 eight are new faces while one is a returner.MPs have also filed over a hundred questions for the Government to answer, after a short break in December when there was no sitting.Here\\u2019s what we will be watching and blogging for you today:Changes to IP riders: With the changes to the rider coverage meaning more out-of-pocket expenses, MPs Poh Li San (Sembawang West) and Yip Hon Weng (Yio Chu Kang) have asked about what happens when these costs become too hefty.GIC and Temasek\\u2019s performance: Seven MPs asked questions about the two investment entities. Mr Shawn Loh (Jalan Besar GRC) asked if the investment returns of Temasek and GIC have underperformed based on the Government\\u2019s expectations while Associate Professor Jamus Lim (Sengkang GRC) asked how Temasek benchmarks its investment performance.Athlete funding and recognition: Following a record 202-medal haul at the SEA Games, MPs have asked if there can be monetary awards for silver and bronze medallists at the regional games as well, along with a review of how athletes can be better recognised.There are four Bills on the agenda for this week\\u2019s sitting, though we may only get through one or two today.First up are the Public Sector (Governance) (Amendment) Bill and Health Information Bill, which pave the way for mandating the sharing of patients\\u2019 health information among healthcare providers, among other changes.Read a curtain raiser on proposed data sharing changes here.If you\\u2019re looking for the motion on whether WP chief Pritam Singh is suitable to continue as Leader of the Opposition, that\\u2019s tomorrow or Wednesday. We\\u2019ll bring you the live updates for that too. Stay tuned!\",\"publisher\":{\"@type\":\"Organization\",\"name\":\"The Straits Times\"},\"author\":{\"@type\":\"Person\",\"name\":\"Goh Yan Han\"}},{\"@type\":\"BlogPosting\",\"headline\":\"NMPs take their oaths and affirmations of allegiance\",\"datePublished\":\"2026-01-12T12:01:52+08:00\",\"dateModified\":\"2026-01-12T12:15:19+08:00\",\"articleBody\":\"The names of the nine NMPs are read out.They then gather at the table to take the oath of allegiance.They are:Mr Azhar Othman, executive chairman of Enercon AsiaAssociate Professor Kenneth Goh Toh Chuan, president of Singapore AquaticsDr Haresh Singaraju, family physician at National University PolyclinicsAssociate Professor Terence Ho Wai Luen, academic and university administratorMs Kuah Boon Theng, managing director of Legal Clinic LLCMr Mark Lee Kean Phi, chief executive of Sing Lun HoldingsDr Neo Kok Beng, founder and chief executive of NEO AeronauticsProfessor Kenneth Poon Kin Loong of the National Institute of EducationMr Sanjeev Kumar Tiwari, general secretary of the Amalgamated Union of Public Employees and National Trades Union Congress central committee memberEarlier, as they waited in the VIP gallery before their swearing in, they were welcomed by MPs entering the House.The group had previously told the Straits Times that jobs and economic development would be a major focus for most of them.Besides Mr Lee, who served as NMP from 2023 to 2025, the other eight are new to the role. They will serve a 2\\u00bd-year term.A total of 57 people applied for the role this time around \\u2013 the second-highest number since the scheme was introduced in 1990.PHOTOS: MDDI\",\"publisher\":{\"@type\":\"Organization\",\"name\":\"The Straits Times\"},\"author\":{\"@type\":\"Person\",\"name\":\"Goh Yan Han\"}},{\"@type\":\"BlogPosting\",\"headline\":\"Question time begins\",\"datePublished\":\"2026-01-12T12:07:17+08:00\",\"dateModified\":\"2026-01-12T12:08:01+08:00\",\"articleBody\":\"We begin with the first set of parliamentary questions, which are on the recent changes to IP riders.\",\"publisher\":{\"@type\":\"Organization\",\"name\":\"The Straits Times\"},\"author\":{\"@type\":\"Person\",\"name\":\"Goh Yan Han\"}},{\"@type\":\"BlogPosting\",\"headline\":\"Welcome to our Parliament live blog \",\"datePublished\":\"2026-01-12T10:35:17+08:00\",\"dateModified\":\"2026-01-12T11:49:18+08:00\",\"articleBody\":\"Hi everyone, it\\u2019s the first day of the first Parliament sitting of the year! 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