S'pore parliament focuses on RI

S'pore parliament focuses on RI

SINGAPORE (Reuters): Singapore's parliament will focus on Indonesia's economic crisis when it holds a new session this week, the government said in a statement yesterday.

Deputy Prime Minister Lee Hsien Loong is expected to be asked details of Singapore's proposal for guarantees for Indonesian imports and whether the government is providing guarantees for commercial liabilities during tomorrow's session.

Prime Minister Goh Chok Tong, who has visited President Soeharto twice in the last two months, is expected to be asked his assessment of Jakarta's crisis and the implications for Indonesia.

Other concerns to be raised include how the government will help companies badly affected by Asia's economic turmoil and the tightening of bank credit and financial institutions' loan exposure to the region.