Mind the costs of investment screening

The provisions of the Significant Investments Review Bill should be invoked only as a last resort.

The Bill’s provisions are extensive, if not draconian. ST PHOTO: KUA CHEE SIONG
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The Significant Investments Review Bill, which Parliament passed on Jan 9, is a landmark piece of legislation aimed at enhancing Singapore’s national security, but may also entail costs for investors and the economy.

In passing the Bill, Singapore joins at least 37 other countries that have introduced measures to screen investments for reasons of national security since the 1990s.

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