Who is Dr Haresh Singaraju and why is he in the news?

Dr Haresh Singaraju is an incoming NMP. A photo of him in a PAP shirt raised questions about neutrality. He clarified he is no longer a party member. The issue matters because NMPs are meant to add non-partisan voices to parliamentary debates, shaping policy signals for markets.

What is the NMP scheme and why does neutrality matter?

The NMP scheme adds non-partisan perspectives to Parliament. Neutrality matters because it supports fair scrutiny of bills and clearer policy signals. This helps investors estimate regulatory risk, timeline, and sector impact with more confidence, improving planning for capital expenditure and compliance.

Does this episode change near-term policy risk in Singapore?

Near-term policy risk remains contained. The clarification reduces uncertainty before Jan 8 appointments. Investors should watch the first debates and committee interactions. If independence is clear in tone and voting, it reinforces Singapore’s reputation for rule-based policymaking and stable regulation.

What should investors watch next week?

Track NMP statements on inflation relief, competition policy, innovation, and social safeguards. Look for evidence-based debate, disclosures on potential conflicts, and clear rationale for votes. These signals help assess sector exposure and the likelihood or pace of regulatory changes that could affect valuations.

Law and Government

January 7: Haresh Singaraju Clarifies PAP Exit, NMP Neutrality in Focus

ByHuzaifa Zahoor January 7, 2026January 7, 2026

Dr Haresh Singaraju clarified he is no longer a PAP member after a photo in party attire raised questions about the NMP scheme’s neutrality. The timing matters: new NMP appointments are due on Jan 8. For investors in Singapore, signals about non-partisan oversight influence trust in the rule of law, policy stability, and predictability. We explain why this episode matters, how the scheme protects independence, and what to watch for regulatory clarity and business sentiment in Singapore.