Swift legislative response

Speech by Mr. Louis Ng Kok Kwang, MP for Nee Soon GRC at the Second Reading of the Companies (Amendment) Bill [Bill no. 27/2018] Introduction Sir, I rise in support of this Bill. This is a swift legislative response to the Court of Appeal’s proposal in the case of Diablo Fortune Inc v Duncan, Cameron Lindsay to carve out liens on sub-freights from the registration requirement under Section 131(1) of the Companies Act. As the law currently stands,....

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Trade disputes, Temasek returns and elderly issues

PQs from Kwek Hian Chuan Henry, 9-11 July 2018 1.To ask the Minister for Trade and Industry what are the implications on our economy and industries arising from (i) the increasing trade dispute between US and the rest of the world (ii) the current outlook of a multilateralism trading system and (iii) the recent efforts of EU and China in exploring closer trade links. Answer 2. To ask the Minister for Finance on how Temasek Holdings and the Government of Singapore Investment Corporation have performed in terms of investment returns over the long term.....

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Inequality, Social Divides and the Ikea Effect

Henry Kwek (Nee Soon GRC) Debate on President’s Address Inequality, Social Divides and the Ikea Effect; Driving Our Economy Through Data and Digital Transformation Mr. Speaker, I rise in support of the motion. 1. There has been much discussion about fighting inequality and blurring emerging social divides. It boils down to different perspectives – is the glass half-empty, or half-full? a. We have a functional meritocracy with varied pathways of success. But our needy also face structural issues.....

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Look out for Profiteering

Henry Kwek Speech For Competition (Amendment) Bill Mergers and acquisitions are increasing in frequency. We must ensure that any corporate activity must keep the consumer in mind and not compromise consumer rights or position. Take the speculation of a deal between Uber and Grab in Southeast Asia, for instance. Will it achieve a dominance that will crowd out other taxi companies?  Will we see consumers ultimately lose out? Hence, our competition laws must be robust to ensure that corporate activities do not create anti-competition or undermine our market fundamentals.....

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