Commentaries

Speech By Mr Neil Parekh Nimil Rajnikant, Nominated Member Of Parliament, On Moneylenders (Amendment) Bill

The amendments to the Moneylenders Act will impact both businesses and borrowers. There are also some potential challenges which the industry players would have to face.

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Commentaries

China-Singapore ties intensify: CIIE sparks business insights

The success stories at CIIE extend beyond individual companies. Over the past five years, SBF has brought 307 companies to CIIE, with more than 60 percent being returning exhibitors. 

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Commentaries

Speech By Mr Mark Lee Kean Phi, Nominated Member Of Parliament, On the Cost of Living

Our nation is undoubtedly feeling the ripples of global economic turbulence, and for many Singaporeans, the pressure on their household budgets is a source of genuine concern. 

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Commentaries

Speech By Mr Mark Lee Kean Phi, Nominated Member Of Parliament, On the Economic Expansion Incentives (Relief from Income Tax) (Amendment) Bill

The business community supports the Economic Expansion Incentives scheme as an important aspect of our national strategy to attract and anchor MNCs in Singapore.  

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Commentaries

Speech by Mr Neil Parekh Nimil Rajnikant, Nominated Member of Parliament, on the Free Trade Zones (Amendment) Bill

NMP and SBF Council Member Neil Parekh emphasised the need for new legislation to establish stringent security measures enforced by FTZ authorities, ensuring rigorous inspections of goods passing through FTZs and said that clearer definitions of criminal offences and increased penalties will strengthen law enforcement efforts. He also sought information on plans to assist SMEs in implementing these changes and capitalising on their benefits, particularly for international expansion.

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Commentaries

Speech by Mr Neil Parekh Nimil Rajnikant, Nominated Member of Parliament, on Income Tax (Amendment) Bill

NMP and SBF Council Member Mr Neil Parekh Nimil Rajnikant stated that taxing gains from the sale of foreign assets received in Singapore by businesses without economic substance in the country may have a very positive outcome, which is corporates, fund management companies and family offices may choose to expand their operations and business here so that they are exempt. He also welcomed the Enterprise Innovation Scheme as a potential “game-changer” for Singapore’s economy. He said it aimed to anchor high value-creation activities here and foster the growth of businesses that operate digitally and internationally.<br />

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