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CNA
5 days ago
- Business
- CNA
Energy Market Authority chairman Richard Lim to step down in September
SINGAPORE: Energy Market Authority (EMA) chairman Richard Lim will step down in September after leading the energy authority's board for five years. Mr Lim will relinquish his appointment as chairman on Sep 30, the Ministry of Trade and Industry (MTI) said on Friday (May 30) in a press release. He will be succeeded by Mrs Tan Ching Yee, former Permanent Secretary (Finance). 'Under Mr Lim's leadership, EMA has undertaken important moves to strengthen Singapore's energy security,' said the ministry. These include the set-up of Meranti Power to develop fast-start power generation and the establishment of the centralised gas procurement framework. 'He has also been instrumental in advancing Singapore's energy transition, such as the deployment of solar energy, the pursuit of low-carbon electricity imports from the region and ongoing studies on the feasibility of other low-carbon technologies such as hydrogen and geothermal energy.' Dr Beh Swan Gin, Permanent Secretary at MTI, expressed the ministry's 'deep appreciation' for Mr Lim's contributions. Mr Lim 'has been instrumental in guiding EMA since April 2020 as chairman', he said. 'I am confident that Ching Yee will build on Richard's contributions and steer EMA to new heights.' NEW CHAIRPERSON Mrs Tan, 60, will be appointed EMA's deputy chairperson from Jun 1 to Sep 30, before assuming the role of chairperson from Oct 1, said MTI. Her appointment in the position ends on Mar 31, 2027. Mrs Tan has held various appointments at MTI, the Ministry of Education, the Ministry of Health and the former Ministry of Information, Communications and the Arts. In 2016, she was concurrently appointed as Permanent Secretary (Finance) and Permanent Secretary (Prime Minister's Office) (Special Duties). During the COVID-19 pandemic, she oversaw critical relief measures for families and businesses through the use of reserves, said MTI. She also represented Singapore as G20 Finance Deputy and Sherpa for nine years, advancing Singapore's international interests at global and regional forums. 'In her various leadership roles, she has consistently emphasised people and leadership development," said the ministry, adding that she nurtured a culture of excellence and teamwork. Mrs Tan, who began her career in public service in 1986, retired from the sector on May 1. She was awarded the Public Administration Medal (Gold) in 2008 and the Meritorious Service Medal in 2018.
Straits Times
25-04-2025
- Business
- Straits Times
Iras Board to welcome new chairman on May 1
Mr Lai Chung Han (left) will take over from Mrs Tan Ching Yee (right) from May 1. PHOTO: PUBLIC SERVICE DIVISION Iras Board to welcome new chairman on May 1 SINGAPORE - The Board of Inland Revenue Authority of Singapore (Iras Board) will welcome Mr Lai Chung Han as its new chairman on May 1 . Appointed by the Minister for Finance , Mr Lai, 52 , will take over from Mrs Tan Ching Yee , according to a media statement from the Ministry. Mr Lai, who is also the incoming permanent secretary (finance) , was previously appointed as the p ermanent secretary (development), Ministry of Finance in July 2024. In 2022 , he was awarded the Public Administration Medal ( G old) by the President of Singapore. Mr Lai has also held various command staff appointments throughout his military career, serving as d eputy secretary (policy), Ministry of Defence from 2012 , and as c hief of Navy from 2014. He was appointed second permanent secretary (education) and second permanent secretary (home affairs) in 2017 , and later served as permanent secretary (education) from 2019. Serving as the board's chairman since May 1, 2016 , Mrs Tan, who is 60 , has led Iras in strengthening its international standing to better serve the R epublic. Iras represented Singapore on the Organisation for Economic Cooperation and Development (OECD) Forum on Tax Administration as a b ureau member. Iras has also administered national grants schemes such as the Uplifting Employment Credit, the Progressive Wage Credit Scheme, and the Rental Support Scheme, to support businesses and workers alike. With Mrs Tan helming the board, Iras upgraded its digital infrastructure to serve taxpayers better and enhance compliance efforts. This include d successful generational upgrade in the information technology system for property tax, stamp duties and individual income tax, among other improvements. 'The Ministry of Finance and the Inland Revenue Authority of Singapore welcome Mr Lai to the board and would like to express our deep appreciation to outgoing chairman, Mrs Tan Ching Yee, for her significant contributions to the Iras Board,' the statement read. Join ST's WhatsApp Channel and get the latest news and must-reads.
Business Times
25-04-2025
- Business
- Business Times
Minister for Finance appoints new Iras board chairman Lai Chung Han
[SINGAPORE] Lai Chung Han, 52, incoming permanent secretary for finance, has been appointed chairman of the board of the Inland Revenue Authority of Singapore (Iras), effective May 1. He succeeds Tan Ching Yee, 60, who has served as chairman since 2016, the Ministry of Finance said in a statement on Friday (Apr 25). Lai has held several leadership roles in the Singapore Armed Forces and the Ministry of Defence. He became deputy secretary (policy) at the Ministry of Defence in 2012 and Chief of Navy in 2014. In 2017, he was appointed second permanent secretary for both education and home affairs. He was appointed as permanent secretary (education) in 2019 and, in 2024, took on the role of permanent secretary (development) at the Ministry of Finance. In 2022, he received the Public Administration Medal (Gold) from the president. Under Tan's leadership, Iras participated in major international platforms and represented Singapore as a bureau member on the Organisation for Economic Cooperation and Development Forum on Tax Administration. It grew beyond its traditional role to become the centre of excellence for national grant disbursement, rolling out schemes such as the Rental Support Scheme, Jobs Support Scheme and Wage Credit Scheme, to support businesses and workers. The company also upgraded its digital systems and used artificial intelligence to improve services for taxpayers. 'The Ministry of Finance and the Inland Revenue Authority of Singapore welcome Mr Lai to the Board and would like to express our deep appreciation to outgoing chairman, Mrs Tan Ching Yee, for her significant contributions to the Iras board,' the statement noted.
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CNA
25-04-2025
- Business
- CNA
IRAS board to get new chairman on May 1
SINGAPORE: Mr Lai Chung Han, the incoming Permanent Secretary (Finance), has been appointed chairman of the board of the Inland Revenue Authority of Singapore (IRAS). The appointment takes effect on May 1. He succeeds Mrs Tan Ching Yee, who will soon also retire as Permanent Secretary (Finance) after 38 years of service in the public sector. In a media release on Friday (Apr 25), the Ministry of Finance (MOF) noted that Mr Lai has held various command and staff appointments in the course of his military career in the Singapore Armed Forces and the Ministry of Defence. He was a former Chief of Navy. He was also Permanent Secretary (Education) and Permanent Secretary (Development) in the Ministry of Finance. 'The Ministry of Finance and the Inland Revenue Authority of Singapore welcome Mr Lai to the board and would like to express our deep appreciation to outgoing chairman, Mrs Tan Ching Yee, for her significant contributions to the IRAS Board,' the ministry said. CONTRIBUTIONS TO IRAS Over her nine years as chairman of the IRAS board, Mrs Tan guided the agency through the COVID-19 pandemic when corporate and property tax rebates were provided. "IRAS also expanded beyond its traditional role to become the Centre of Excellence for disbursing national grants to enterprises, swiftly implementing various grant schemes such as the Rental Support Scheme, Jobs Support Scheme and Wage Credit Scheme, to support businesses and workers," MOF said. It added that IRAS had also upgraded its digital infrastructure under Mrs Tan's leadership, leveraging artificial intelligence and upgrading its IT systems to enhance compliance efforts and make tax filing easier for businesses.
Business Times
25-04-2025
- Business
- Business Times
Minister for Finance appoints new Iras chairman Lai Chung Han
[SINGAPORE] Lai Chung Han, 52, incoming permanent secretary for finance, has been appointed chairman of the board of the Inland Revenue Authority of Singapore (Iras), effective May 1. He succeeds Tan Ching Yee, 60, who has served as chairman since 2016, the Ministry of Finance said in a statement on Friday (Apr 25). Lai has held several leadership roles in the Singapore Armed Forces and the Ministry of Defence. He became deputy secretary (policy) at the Ministry of Defence in 2012 and Chief of Navy in 2014. In 2017, he was appointed second permanent secretary for both education and home affairs. He was appointed as permanent secretary (education) in 2019 and, in 2024, took on the role of permanent secretary (development) at the Ministry of Finance. In 2022, he received the Public Administration Medal (Gold) from the president. Under Tan's leadership, Iras participated in major international platforms and represented Singapore as a bureau member on the Organisation for Economic Cooperation and Development Forum on Tax Administration. It grew beyond its traditional role to become the centre of excellence for national grant disbursement, rolling out schemes such as the Rental Support Scheme, Jobs Support Scheme and Wage Credit Scheme, to support businesses and workers. The company also upgraded its digital systems and used artificial intelligence to improve services for taxpayers. 'The Ministry of Finance and the Inland Revenue Authority of Singapore welcome Mr Lai to the Board and would like to express our deep appreciation to outgoing chairman, Mrs Tan Ching Yee, for her significant contributions to the Iras board,' the statement noted.
