Ang Wei Neng on Transport Sector (Critical Firms) Bill

The Transport Sector (Critical Firms) Bill stands as a testament to the Government's unwavering commitment to fortify the resilience and security of Singapore's transport networks, said MP Ang Wei Neng in Parliament on Wednesday (May 8). Seeking several clarifications on the Bill, he stated that there will be a need to establish clear criteria for evaluating the suitability of the Chairman and CEOs of designated entities. He asked: "Should these pivotal positions be reserved exclusively for Singaporeans or should Permanent Residents also be considered? Furthermore, what stand should we adopt regarding foreigners occupying these critical roles?" Highlighting that a designated operating entity may be predominantly owned by a specific entity interest holder and key personnel of the same equity holder could have significant influence over the designated operating entity's operations, Mr Ang wanted to know what mechanism the Ministry of Transport would employ to ensure that the Chairman and the CEOs of such designated equity entities are aligned with the public interest of Singapore.