Oversight of NEST Singapore Limited

Debated in Parliament on 30 Nov 2022.

Summary written by AI (learn more)

Leong Mun Wai asked about oversight measures for NEST Singapore Limited and whether it would operate on a for-profit or cost recovery basis.
Tan See Leng explained that NEST will be established as a Company Limited by Guarantee with its own board and management to ensure proper governance.
The two NEST dormitories will follow the same licensing and regulatory requirements under the Foreign Employees Dormitories Act as other dormitory operators.
NEST aims to drive innovation, transform migrant worker housing practices, and build capabilities in dormitory management.
The Ministry for Manpower will oversee NEST, but the entity itself will manage its governance and operations.

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Full Transcript

Leong Mun Wai

Mr Leong Mun Wai asked the Minister for Manpower with the setting up of NEST Singapore Limited which is a new corporate entity by the Ministry to operate Purpose-Built Dormitories in partnership with the private sector (a) what measures will be put in place to ensure oversight of this new entity by the Ministry; and (b) whether this new entity will be operated on a for-profit or cost recovery basis.

Tan See Leng

MOM will set up NEST Singapore Limited (NEST) as a Company Limited by Guarantee, with its own board of directors and management. The board and management will be responsible for the proper governance and stewardship of NEST. The set-up of NEST will help drive innovation and transform practices in migrant worker housing and grow capabilities in dormitory management.

The two NEST purpose-built dormitories will be subject to the same licensing and regulatory requirements under the Foreign Employees Dormitories Act (FEDA) as any other dormitory operator in the market.

Summary written by AI (learn more)

Leong Mun Wai asked about oversight measures for NEST Singapore Limited and whether it would operate on a for-profit or cost recovery basis.
Tan See Leng explained that NEST will be established as a Company Limited by Guarantee with its own board and management to ensure proper governance.
The two NEST dormitories will follow the same licensing and regulatory requirements under the Foreign Employees Dormitories Act as other dormitory operators.
NEST aims to drive innovation, transform migrant worker housing practices, and build capabilities in dormitory management.
The Ministry for Manpower will oversee NEST, but the entity itself will manage its governance and operations.

Questions identified by AI (learn more)

Oversight of NEST Singapore Limited | PAPERCUTS

Oversight of NEST Singapore Limited

Debated in Parliament on 30 Nov 2022.

Summary written by AI (learn more)

Leong Mun Wai asked about oversight measures for NEST Singapore Limited and whether it would operate on a for-profit or cost recovery basis.
Tan See Leng explained that NEST will be established as a Company Limited by Guarantee with its own board and management to ensure proper governance.
The two NEST dormitories will follow the same licensing and regulatory requirements under the Foreign Employees Dormitories Act as other dormitory operators.
NEST aims to drive innovation, transform migrant worker housing practices, and build capabilities in dormitory management.
The Ministry for Manpower will oversee NEST, but the entity itself will manage its governance and operations.

Questions identified by AI (learn more)

Full Transcript

Leong Mun Wai

Tan See Leng

Summary written by AI (learn more)

Leong Mun Wai asked about oversight measures for NEST Singapore Limited and whether it would operate on a for-profit or cost recovery basis.
Tan See Leng explained that NEST will be established as a Company Limited by Guarantee with its own board and management to ensure proper governance.
The two NEST dormitories will follow the same licensing and regulatory requirements under the Foreign Employees Dormitories Act as other dormitory operators.
NEST aims to drive innovation, transform migrant worker housing practices, and build capabilities in dormitory management.
The Ministry for Manpower will oversee NEST, but the entity itself will manage its governance and operations.

Questions identified by AI (learn more)

Oversight of NEST Singapore Limited

Summary

Questions Identified

Full Transcript

Leong Mun Wai

Tan See Leng

Summary

Questions Identified

Oversight of NEST Singapore Limited

Summary

Questions Identified

Full Transcript

Leong Mun Wai

Tan See Leng

Summary

Questions Identified