Indonesian Political, Business & Finance News

S'pore aid offers to be queried

| Source: AP

S'pore aid offers to be queried

SINGAPORE (AP): Singapore lawmakers plan to question the country's aid offers to Thailand and Indonesia, Parliament announced yesterday.

Several members have submitted written queries for Finance Minister Richard Hu and Trade and Industry Minister Lee Yock Suan to be answered at the next session Wednesday.

The Order Paper, an agenda released shortly before Parliament meets, said one legislator plans to ask Hu about the nature and form of the US$10 billion rescue package for Indonesia, and how Singapore and other members of the Association of Southeast Asian Nations will benefit from it.

Another is expected to ask Hu how the offer will affect Singapore's foreign exchange reserves and whether money in the Central Provident Fund will be affected. The cash-rich fund manages the country's pension fund.

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