corporatisation of CISCO
Sir, I will now give a brief update on the latest developments
on the corporatisation of CISCO.
MHA has decided to transfer all of CISCO's assets, liabilities,
staff and contracts to a new company. This will ensure that the
new company has the necessary staff and equipment to continue
providing its services, so that disruptions to existing security
operations will be minimal.
The new company will operate as a wholly government owned
company and will take over and continue to operate in all the
business areas that the CISCO Statutory Board is engaging in
today. Going forward, the new company can choose to enter new
areas or exit existing areas of businesses based on market
MHA will not be giving CISCO a moratorium. This is in the best
interests of CISCO, the other APFs and the armed security
industry in general. Today, CISCO is already operating some
services commercially. A moratorium is thus not necessary.
MHA and CISCO will work with all the relevant parties to ensure
a smooth corporatisation. The date of transfer and dissolution
of CISCO will be announced when the groundwork has been
Sir, before I conclude, I would like to recognise CISCO's
contributions to Singapore as a statutory board over the years.
CISCO has played a key role in maintaining safety and security
in Singapore all these years, and has been an important member
of the Home Team. CISCO has provided security for many of our
key installations. Most recently, during the SARS episode, CISCO
responded very quickly to our needs, such as when we needed
officers to assist in giving out SARS Home Quarantine Orders and
in monitoring the compliance of those served with the Home
Quarantine Orders. I believe that even after it is corporatised,
CISCO, together with the other APFs, will continue to play their
role in ensuring the safety and security of Singapore,
responding as key partners of the Home Team, when they are
Sir, the corporatisation of CISCO is a key step in the
liberalisation of the armed security industry in Singapore,
which in turn, is a necessary response to the prevailing
security challenges. The corporatisation of CISCO will allow the
auxiliary police forces in Singapore to compete on a level
playing field. I am confident that the standards of the APFs in
Singapore will improve with competition. This would lead to
enhanced physical security and protection of our critical
infrastructure and key installations, and help to free up the
Singapore Police Force to focus on its core duties.
Sir, I beg to move.
Ministry of Home Affairs
Press Release 25 Jan 2005