I asked this question in the Wisdom of the Crowd:

Is it necessary for the govt to pass a law to control fake news?

Here are the responses: (49 Votes)
51 % - The real intent of the new law is to suppress criticism of the failing of the govt.
35 % - There is no need to pass a new law as the existing laws can deal with the situation.
10 % - It is necessary to deal with a problem that will become bigger as time passes.
4 % - A new law is needed by it is better to follow the practice of other democratic countries.

See the pie chart at: 
http://www.wisdomofthecrowd.sg/chart.aspx?ID=1324