Home / Unified regulator for Singapore

Unified regulator for Singapore

Officials announce creation of Media Development Authority.<br><br>

Singapore has followed the trend of other Asian governments in the creation of a centralised government regulator for the broadcasting and media sectors.

Officials have announced the creation of the Media Development Authority from the merger of the Singapore Broadcasting Authority, the Singapore Film Commission and the Films and Publication Department.

The move is part of wider trend by the government to change the regulatory environment. It will have to balance the desire to increase competition without major changes to the conformist social and political stance followed by the two dominant media groups owned by the government - Singapore Press Holdings and the Media Corporation of Singapore.

The government will also increase the percentage of foreign ownership permitted in any local broadcast or print operation from three to five per cent; a group will be allowed a maximum of twelve per cent and the government will consider requests to raise this higher.

The Chinese, Thai and Indian governments are also currently attempting to rationalise and centralise their broadcasting regulators. Their reasons range from trying to end overlapping duties among different agencies, dealing with the effect of convergent technologies and making their markets more attractive to foreign investors.

Follow us to get the most comprehensive technology news in UAE delivered fresh from our social media accounts on Facebook, Twitter, Youtube, and listen to our Weekly Podcast. Click here to sign up for our weekly newsletter on curated technology news in the Middle East and Worldwide.

REGISTER NOW | Webinar Event | Security you can bank on – Safeguarding the Middle East’s financial sector

Presented in partnership with security and network specialist Cybereason, the second in the three part webinar series will bring together a panel of experts to discuss how banks and financial institutions are evolving their service offering while simultaneously staying one step ahead of the cyber criminals who seek to bring their operations crashing to the ground.