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Nov 15, 2008
MPs to raise concerns
By Aaron Low
THE financial crisis continues to weigh heavily on the minds of MPs, with several of them set to raise a range of concerns related to the global crisis when Parliament sits on Monday.

One of the issues that will be raised is whether the Government can provide additional help to businesses which are at risk of failure, and individuals in danger of losing their homes in the current climate.

Ms Lee Bee Wah, an MP for Ang Mo Kio GRC, wants to know if the Government is monitoring the effects of the credit crunch on local businesses.

'Small construction firms are finding it difficult to get credit from the banks and this will have a detrimental effect on the industry if it continues,' she said.

Sembawang GRC MP Lim Wee Kiak said that while he does not expect the Government to give hand-outs, he will ask them not to repossess homes of those who are unable to pay their HDB flat mortgages on time.

He also wants to know what help there is for those who face the prospect of retrenchment in the coming months.

The financial structured products linked to the failed Lehman Brothers investment bank also continue to be an issue MPs hope the Government will tackle.

Nominated MP Siew Kum Hong has asked for an update on the investigations by the Monetary Authority of Singapore into the alleged mis-selling of products to investors, while NMP Eunice Olsen wants to know if there are guidelines for town councils investing in financial products.

MPs have also asked about the impact that the financial crisis has had on the planned integrated resorts (IRs) here.

Questions have been tabled on the financial viability of the Marina Bay Sands IR project, given that its parent company - casino operator Las Vegas Sands - has said that it was having difficulty raising funds amid the global downturn.

The Government has already made it clear that it will not bailout the project, while Sands maintains that it will go ahead with a phased opening of the IR.

But Non-Constituency MP Sylvia Lim still wants to know if the Government has alternatives should the operator fail to deliver.

Ms Olsen is asking if there will be delays to the project and whether the crisis is expected to affect business at the IRs.

MPs will also raise the issue of end-of-life care in what is expected to be the last sitting of Parliament for the year.

Madam Halimah Yacob, a Jurong GRC MP, has asked if the Government will make it easier for people to sign Advanced Medical Directives (AMD).

Fewer than 10,000 have signed up for the AMD, a legal document which a person lodges ahead of time to instruct doctors not to take extraordinary measures to prolong his life if he is terminally ill or unconscious.

Madam Halimah also wants to know if euthanasia, or 'mercy killing', is being considered in Singapore.

Amendments to nine laws will be debated at this sitting, including the Administration of Muslim Law Act.

Among other things, with the proposed amendments to the Act, the minimum age at which Muslims can marry will be raised from 16 to 18.

Under another proposed amendment to the law, officers of companies that abuse the halal logo can also be jailed for up to 12 months or fined up to $10,000 or both.

It will also be easier for divorced Muslim women to get their errant ex-husbands to keep up with maintenance payments.

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