Social media firms face fines, blocking in S'pore under new Bill to tackle online harm

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the Online Safety (Miscellaneous Amendments) Bill ... may attract a fine of up to $1 million, or a direction to have their services blocked in Singapore.

Under the Bill, the Infocomm Media Development Authority (IMDA) will be empowered to issue orders to block or take down egregious content in the event that it is accessed by local users on major social media platforms. These orders will not be issued for private communications.

Egregious content includes posts advocating suicide, self-harm, child sexual exploitation, terrorism and materials that may incite racial or religious tensions or pose a risk to public health.

aimed at regulating online communication services, which include major social media firms such as Facebook, Instagram and TikTok.

Relate to the idea of how businesses cannot just focus solely on profit and ignore the effects of their business on society, coz this will attract intervention by the government which could have a severe impact on their profits.