Yip Hon Weng on Transport Sector (Critical Firms) Bill

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The Bill seeks to enhance the Government’s oversight over critical companies in Singapore’s air, land, and sea transport sectors, said MP Yip Hon Weng.

Speaking in Parliament on Wednesday , he stressed the need to strike a balance between security, innovation, business viability, transparency and global competitiveness. He urged the Government to ensure that the Bill enhances rather than hinders the transport sector’s growth and resilience. He raised concerns with the potential impact on businesses, warning that bureaucratic hurdles could deter investment. He also called for clarity on compliance costs and the timelines for approval processes.

Speaking in Parliament on Wednesday , he stressed the need to strike a balance between security, innovation, business viability, transparency and global competitiveness. He urged the Government to ensure that the Bill enhances rather than hinders the transport sector’s growth and resilience. He raised concerns with the potential impact on businesses, warning that bureaucratic hurdles could deter investment. He also called for clarity on compliance costs and the timelines for approval processes.

 

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