Competition And Consumer Commission Of Singapore
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Competition And Consumer Commission Of Singapore
The Competition and Consumer Commission of Singapore (CCCS) is Singapore's competition regulator. It was first established as the Competition Commission of Singapore on 1 January 2005 as a statutory board under the Ministry of Trade and Industry, taking up its current name on 1 April 2018 to reflect its new role in consumer rights, a role previously under SPRING Singapore The Standards, Productivity and Innovation Board ( abbreviation: SPRING Singapore) was a statutory board under the Ministry of Trade and Industry of the Singapore Government. It worked as an agency for enterprise development, and helped enterp .... CCCS enforces the Competition Act 2004, and has broad legal powers to investigate and penalize infringing parties. It now enforces the Consumer Protection (Fair Trading) Act, which protects consumers against unfair trade practices in Singapore. References External links Competition and Consumer Commission of Singapore Competition regulators Consumer or ...
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Singapore
Singapore (), officially the Republic of Singapore, is a sovereign island country and city-state in maritime Southeast Asia. It lies about one degree of latitude () north of the equator, off the southern tip of the Malay Peninsula, bordering the Strait of Malacca to the west, the Singapore Strait to the south, the South China Sea to the east, and the Straits of Johor to the north. The country's territory is composed of one main island, 63 satellite islands and islets, and one outlying islet; the combined area of these has increased by 25% since the country's independence as a result of extensive land reclamation projects. It has the third highest population density in the world. With a multicultural population and recognising the need to respect cultural identities of the major ethnic groups within the nation, Singapore has four official languages: English, Malay, Mandarin, and Tamil. English is the lingua franca and numerous public services are available only in Eng ...
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Ministry Of Trade And Industry (Singapore)
The Ministry of Trade and Industry (MTI; ms, Kementerian Perdagangan dan Perusahaan; zh, 贸工部; ta, வர்த்தக, தொழில் அமைச்சு) is a ministry of the Government of Singapore responsible for the formulation and implementation of policies related to the development of business, trade and industry in Singapore. Ministers The Ministry is headed by the Minister for Trade and Industry, who is appointed as part of the Cabinet of Singapore. The incumbent minister is Gan Kim Yong from the People's Action Party. References External links * {{authority control Trade and Industry Foreign trade of Singapore Singapore Singapore 1979 establishments in Singapore Singapore Singapore (), officially the Republic of Singapore, is a sovereign island country and city-state in maritime Southeast Asia. It lies about one degree of latitude () north of the equator, off the southern tip of the Malay Peninsula, borde ...
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Competition Regulator
A competition regulator is the institution that oversees the functioning of the markets. And the Law in which it takes cognizance of situations having any type of impediments and distortions on the markets and correct them is the competition law (also known as antitrust law). In general it is a government agency, typically a statutory authority, sometimes called an economic regulator, that regulates and enforces competition laws and may sometimes also enforce consumer protection laws. In addition to such agencies, there is often another body responsible for formulating competition policy. Many nations implement competition laws, and there is general agreement on acceptable standards of behaviour. The degree to which countries enforce their competition policy varies substantially. Competition regulators may also regulate certain aspects of mergers and acquisitions and business alliances and regulate or prohibit cartels and monopolies. Other government agencies may have respo ...
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Consumer Rights
Consumer protection is the practice of safeguarding buyers of goods and services, and the public, against unfair practices in the marketplace. Consumer protection measures are often established by law. Such laws are intended to prevent businesses from engaging in fraud or specified unfair practices in order to gain an advantage over competitors or to mislead consumers. They may also provide additional protection for the general public which may be impacted by a product (or its production) even when they are not the direct purchaser or consumer of that product. For example, government regulations may require businesses to disclose detailed information about their products—particularly in areas where public health or safety is an issue, such as with food or automobiles. Consumer protection is linked to the idea of consumer rights and to the formation of consumer organizations, which help consumers make better choices in the marketplace and pursue complaints against businesses. ...
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SPRING Singapore
The Standards, Productivity and Innovation Board ( abbreviation: SPRING Singapore) was a statutory board under the Ministry of Trade and Industry of the Singapore Government. It worked as an agency for enterprise development, and helped enterprises to enhance the competitiveness in Singapore market. It was also the national standards and conformance body. On 1 April 2018, SPRING Singapore was merged with IE Singapore to form Enterprise Singapore. History Formerly known as Productivity and Standards Board (PSB), it was formed from the merger between the National Productivity Board (NPB) and the Singapore Institute of Standards and Industrial Research (SISIR) in April 1996. It helped to bring together the soft skills of productivity handled by NPB and the technical aspects handled by SISIR. In April 2002, the organization was renamed SPRING Singapore and shifted towards an innovation-driven economy, and its new role in promoting creativity to sustain growth for Singaporeans. ...
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Competition Regulators
Competition is a rivalry where two or more parties strive for a common goal which cannot be shared: where one's gain is the other's loss (an example of which is a zero-sum game). Competition can arise between entities such as organisms, individuals, economic and social groups, etc. The rivalry can be over attainment of any exclusive goal, including recognition: Competition occurs in nature, between living organisms which co-exist in the same environment. Animals compete over water supplies, food, mates, and other biological resources. Humans usually compete for food and mates, though when these needs are met deep rivalries often arise over the pursuit of wealth, power, prestige, and fame when in a static, repetitive, or unchanging environment. Competition is a major tenet of market economies and business, often associated with business competition as companies are in competition with at least one other firm over the same group of customers. Competition inside a company is usu ...
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Consumer Organisations In Singapore
A consumer is a person or a group who intends to order, or uses purchased goods, products, or services primarily for personal, social, family, household and similar needs, who is not directly related to entrepreneurial or business activities. The term most commonly refers to a person who purchases goods and services for personal use. Consumer rights “Consumers, by definition, include us all," said President John F. Kennedy, offering his definition to the United States Congress on March 15, 1962. This speech became the basis for the creation of World Consumer Rights Day, now celebrated on March 15. In his speech : John Fitzgerald Kennedy outlined the integral responsibility to consumers from their respective governments to help exercise consumers' rights, including: *The right to safety: To be protected against the marketing of goods that are hazardous to health or life. *The right to be informed: To be protected against fraudulent, deceitful, or grossly misleading informatio ...
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Statutory Boards Of The Singapore Government
The Statutory boards of the Government of Singapore are organisations that have been given autonomy to perform an operational function by legal statutes passed as Acts in parliament. The statutes define the purpose, rights and powers of the authority. They usually report to one specific ministry. This list includes both current and new statutory boards formed. Current statutory boards *Accounting and Corporate Regulatory Authority (ACRA) * Agency for Science, Technology and Research (A*STAR) * Board of Architects (BOA) *Building and Construction Authority (BCA) *Central Provident Fund Board (CPF) *Civil Aviation Authority of Singapore (CAAS) * Civil Service College (CSC) *Competition and Consumer Commission of Singapore (CCCS) * Council for Estate Agencies (CEA) * Defence Science and Technology Agency (DSTA) *Economic Development Board (EDB) *Energy Market Authority (EMA) *Enterprise Singapore (ESG) *Gambling Regulatory Authority of Singapore (GRA) * Government Technology Agency of ...
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2018 Establishments In Singapore
Eighteen or 18 may refer to: * 18 (number), the natural number following 17 and preceding 19 * one of the years 18 BC, AD 18, 1918, 2018 Film, television and entertainment * 18 (film), ''18'' (film), a 1993 Taiwanese experimental film based on the short story ''God's Dice'' * Eighteen (film), ''Eighteen'' (film), a 2005 Canadian dramatic feature film * 18 (British Board of Film Classification), a film rating in the United Kingdom, also used in Ireland by the Irish Film Classification Office * 18 (Dragon Ball), 18 (''Dragon Ball''), a character in the ''Dragon Ball'' franchise * "Eighteen", a 2006 episode of the animated television series ''12 oz. Mouse'' Music Albums * 18 (Moby album), ''18'' (Moby album), 2002 * 18 (Nana Kitade album), ''18'' (Nana Kitade album), 2005 * ''18...'', 2009 debut album by G.E.M. Songs * 18 (5 Seconds of Summer song), "18" (5 Seconds of Summer song), from their 2014 eponymous debut album * 18 (One Direction song), "18" (One Direction song), from the ...
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Government Agencies Established In 2018
A government is the system or group of people governing an organized community, generally a state. In the case of its broad associative definition, government normally consists of legislature, executive, and judiciary. Government is a means by which organizational policies are enforced, as well as a mechanism for determining policy. In many countries, the government has a kind of constitution, a statement of its governing principles and philosophy. While all types of organizations have governance, the term ''government'' is often used more specifically to refer to the approximately 200 independent national governments and subsidiary organizations. The major types of political systems in the modern era are democracies, monarchies, and authoritarian and totalitarian regimes. Historically prevalent forms of government include monarchy, aristocracy, timocracy, oligarchy, democracy, theocracy, and tyranny. These forms are not always mutually exclusive, and mixed governme ...
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