News

The Second Reading Speech by Mr Lim Hng Kiang, Minister for Trade & Industry and Deputy Chairman, Monetary Authority of Singapore in Parliament on 22 January 2007 on The Banking (Amendment) Bill. The Bill seeks to introduce several new policies and measures to strengthen prudential safeguards, facilitate risk-based supervision and provide banks with greater operational flexibility.

Second Reading Speech on Trade Marks (Amendment) Bill 2006 by Deputy Prime Minister, Co-ordinating Minister for National Security and Minister for Law Prof S Jayakumar, Mon, 22 January 2007. The Bills seeks to itroduce changes required by the Singapore Treaty on the Law of Trademarks.

Second Reading Speech for the Arms and Explosives (Amendment) Bill 2006 by Minister of Home Affairs, Assoc Prof Ho Peng Kee, in Parliament on 22 January 2007.

The Minister for Trade & Industry and Deputy Chairman of the Monetary Authority of Singapore (MAS), Mr Lim Hng Kiang, today moved the Monetary Authority of Singapore (Amendment) Bill ("the Bill") for first reading in Parliament. The Bill will be read a second time at the next available Parliamentary sitting.

Second Reading Speech on Statutes (Miscellaneous Amendment) Bill 2006 by Senior Minister of State for Law and Home Affairs Assoc Prof Ho Peng Kee, Mon 22 January 2007 highlights amendments to several Acts.

Nine Nominated Members of Parliament (NMPs) have been officially appointed by President S R Nathan at the Istana, and will serve a two-and-a-half year term.

The Patents (Amendment) Rules 2007 has been gazetted on 19 January 2007.

This amendment is to the First Schedule of the Patents Rules and the changes will come into force on 1 February 2007.

A new two-tier licence framework for Internet Protocol Television (IPTV) rolled out by the Media Development Authority of Singapore (MDA) today aims to further facilitate the growth of IPTV services in Singapore, leading to tangible benefits for the industry and consumers.

Leaders of the Association of Southeast Asian Nations have authorized the drawing up of a charter that would give their organization a legal basis for the first time since it was founded four decades ago.

Singapore has reaffirmed its commitment to international efforts to protect the ozone layer by acceding to the 1999 Beijing Amendment to the Montreal Protocol on Substances that Deplete the Ozone Layer. The 1999 Beijing Amendment, which is the most recent amendment to the Montreal Protocol, came into force on 25 Feb 2002. It introduced control measures for production for hydrochlorofluorocarbons (HCFCs) and imposed restrictions on trade with non-Parties for these HCFCs. The amendment further introduced control measures for both production and consumption for one new group of substances, namely bromochloromethane (BCM). The periodical revisions of the Montreal Protocol have ensured that efforts to prevent ozone layer depletion are on track.

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