#479 - Jamus Lim Calls MAS Proposal “Unfair” for Scam Victims & Why Bus 167 was Reinstated

In Parliament this week, WP MP Jamus Lim called the Monetary Authority of Singapore’s proposed loss-sharing framework for phishing scams “fundamentally unfair”, and suggested that scam victims should bear no more than $500 of the cost. Many rushed to call him a populist and other names, but is there any merit to his suggestion? Elsewhere, some numbers were revealed in Parliament to explain why Bus 167 linking Sembawang to the CBD was discontinued, then reinstated. Why the sudden U-turn?

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Jamus Lim Calls MAS Proposal “Unfair” for Scam Victims

• WP MP proposes scam victims should bear no more than S$100-S$500 of losses
• Singapore's 'Money Lock' Safeguards S$3.2 Billion Across 38,000 Bank Accounts
• Written reply to Parliamentary Question on the take-up rate of the "Money Lock" feature in local banks
• MOM clarifies CPF Board has no intention to consider scheme to insure members against scam losses
• Singapore telcos offer call blocking from international numbers to combat scams
• [Oct 2023] $1.4 trillion lost to scams globally; S’pore victims lost the most on average: Study
• Yah Lah But 452: Banks and Telcos to Share Responsibility for Scams & Man U Players Gorilla Emoji Debacle

Why Bus 167 was Reinstated

• Reducing frequency of bus service 167 saves S$2.6 million in subsidies every year: MOT
• Written Reply to Parliamentary Question on Rationale for Reinstating Bus Service 167 after Discontinuation Announcement
• LTA Media Statement on Bus Service 167
• Bus service 167 ends, routes shortened amid 'almost tripled' ridership on Thomson-East Coast Line

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