Protect Parents’ Freedom to Choose Formulas

Speech by Mr. Louis Ng Kok Kwang, MP for Nee Soon GRC at the Second Reading of the Sale of Food (Amendment) Bill [Bill No. 42/2017] Introduction Sir, I welcome the amendments to the Sale of Food Act, which expands its purview to preventing misleading conduct in the sale of food and ensuring the provision of information to help consumers make informed choices. On the issue of consumer empowerment, I would like to raise some concerns over business practices that affect decision-making over food for the most vulnerable consumers – infants.....

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Mandate Uniform Explanations of Financial Products

Speech by Mr. Kwek Hian Chuan Henry (Nee Soon GRC) Debate on Securites and Futures Act Bill (No. 01/2017) Mdm Speaker, 1. The amendments in the Securities and Futures Act are a timely refresh to our regulations. Therefore, I rise in support of the motion. 2. I would like to talk about three issues today: a. Protecting our jobs; b. Promoting truth in lending and investing; and c. Promoting financial literacy. Protect Our Jobs 3. First,....

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Consumers who buy prepaid packages more at risk

SPEECH BY ER DR LEE BEE WAH, MP FOR NEE SOON GRC, AT THE SECOND READING OF THE CONSUMER PROTECTION (FAIR TRADING) AMENDMENT BILL IN PARLIAMENT ON 13 SEP 2016 Madam Speaker, 1. Singapore retail and services sector is one of the contributors to our economy. We are one of the world’s top destinations for luxury retailers and attracted luxury and business fashion brands worldwide. Retail sales (seasonally adjusted) rose by 1.4% in May 2016 over the previous month.....

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Towards a society where trust is the norm

Speech by Mr. Louis Ng Kok Kwang, MP for Nee Soon GRC at the Second Reading of the Consumer Protection (Fair Trading) (Amendment) Bill [Bill No. 25/2016] Introduction Madam I stand in support of this Bill which essentially is a Bill about trust and about leveling the playing field in the marketplace. While Singapore strives to be a business-friendly hub for companies, we must also ensure that justice prevails in the marketplace, where no party is able to take advantage of another.....

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