New inter-ministerial committee to review S’pore business rules and help firms cut red tape, costs

SINGAPORE – A new government committee will review regulations, with the aim of cutting red tape and creating a more business-friendly environment.

The new inter-ministerial review committee will be chaired by Deputy Prime Minister Gan Kim Yong, and consists of Senior Minister of State for Trade and Industry Low Yen Ling and ministers K. Shanmugam, Chee Hong Tat, Tan See Leng and Desmond Lee. Mr Chee noted that initiatives like the Alliance for Action on Business Competitiveness serve the same purpose, but the inter-ministerial committee will give them a “bigger push”.

An example of such a review is the Civil Aviation Authority of Singapore reassessing its regulatory requirements for unmanned aircraft light shows. Mr Chee explained that current regulations require a licence for each drone, which becomes impractical for light shows using 1,000 drones or more. Ms Low said that the AfA will focus on three key areas – manpower, land and regulatory competitiveness.

Source: News Formal (newsformal.com)

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