Yip Hon Weng on Significant Investments Review Bill
It is imperative to introduce the Significant Investments Review Bill to safeguard Singapore’s national security interests, as its open investment environment means it remains vulnerable to the risks of malicious actors seeking to gain control of its critical entities. MP Yip Hon Weng highlighted this in Parliament on Tuesday (Jan 9) and urged the Government to scrutinise the potential ramifications of the Bill and glean valuable insights from the experiences of other countries to protect Singapore’s national interests without stifling innovation and investment. He also sought clarifications on the potential impact on foreign investments, as well as guidelines and oversight mechanisms to ensure transparency and accountability and balance national security and economic growth. He stressed the need to ensure that the legislation protects Singapore’s future, where security and prosperity flourish side by side.
It is imperative to introduce the Significant Investments Review Bill to safeguard Singapore’s national security interests, as its open investment environment means it remains vulnerable to the risks of malicious actors seeking to gain control of its critical entities. MP Yip Hon Weng highlighted this in Parliament on Tuesday (Jan 9) and urged the Government to scrutinise the potential ramifications of the Bill and glean valuable insights from the experiences of other countries to protect Singapore’s national interests without stifling innovation and investment. He also sought clarifications on the potential impact on foreign investments, as well as guidelines and oversight mechanisms to ensure transparency and accountability and balance national security and economic growth. He stressed the need to ensure that the legislation protects Singapore’s future, where security and prosperity flourish side by side.
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