Singapore is an open economy, which has allowed it to become a vibrant business hub and an attractive investment destination. At the same time, it can be vulnerable to actors that may seek to undermine its national security interests through ownership and control of critical business entities. A Bill was put up for deb
In Parliament on Tuesday (Jan 9), Trade and Industry Minister Gan Kim Yong responded to clarifications sought by MPs on the Significant Investments Review Bill. The Bill was then passed by the House.
The Significant Investments Review Bill will introduce a new investment management regime for specified entities identified as being critical to national security, says Trade and Industry Minister Gan Kim Yong.