Speech by Mr. Louis Ng Kok Kwang, MP for Nee Soon GRC at the Second Reading of the Co-operative Societies (Amendment) Bill [Bill No. 50/2017] Introduction The cooperative movement in Singapore reached a significant milestone 2 years ago, celebrating its 90th birthday. There has been a steady increase in the number of cooperatives in Singapore serving a variety of needs – a strong recognition of the effectiveness of the cooperative business model. It is heartening to see members of the public coming together to support each other in a spirit of self-help and mutual assistance – and the government must do all it can to support this ecosystem.....
Speech by Mr. Louis Ng Kok Kwang, MP for Nee Soon GRC at the Second Reading of the Charities (Amendment) Bill [Bill No. 49/2017] Introduction Sir, this bill is timely to restore the public’s trust in Singapore’s charity sector, after a few high-profile scandals in the past years, which shocked the nation. I am heartened to see that there is constant review of the Charities Act, with the last one just seven years ago, and that we continually seek to strengthen accountability in the sector.....
Speech by Mr. Louis Ng Kok Kwang, MP for Nee Soon GRC at the Second Reading of the Supreme Court of Judicature (Amendment) Bill [Bill No. 47/2017] Introduction Sir, I stand in support of this Bill. The Bill relate to proposed amendments to the Supreme Court of Judicature Act. It deals with matters relating to the operation and jurisdiction of the Singapore International Commercial Court (“SICC”). The SICC was officially launched on 5 January 2015. ....
Speech by Mr. Louis Ng Kok Kwang, MP for Nee Soon GRC at the Second Reading of the Payment and Settlement Systems (Finality and Netting) (Amendment) Bill [Bill No. 44/2017] Introduction Sir, I stand in support of this Bill. Given the rapid development in Fintech, we need to ensure our laws and regulations keep up. I have comments and queries on one specific aspect of the Bill and more broadly, to request for an illustration.....