MPA given powers to block purchase or disposal of stake in key entities
Add BT as a preferred sourceSingapore
THE Maritime and Port Authority of Singapore (MPA) will now have the power to reject an acquisition or disposal of equity interest in key designated entities, if it deems they hurt the port's interests.
"These designated entities include designated public licensees, designated business trusts and designated equity interest holders," said Senior Minister of State for Transport Lam Pin Min, who moved the Second Reading of the Maritime and Port Authority of Singapore (Amendment) Bill in Parliament on Monday.
TRENDING NOW
Size matters: OCBC’s Bank of Singapore doubles down on ultra-wealthy – and the bankers chasing them
Wilmar, Musim Mas among palm-oil firms in Indonesia under probe for suspected export under-invoicing
Is the UK student-housing party over? Singapore players face divergent prospects in PBSA market
Wilmar shares tumble 10.5% in early trade amid Indonesia probe
