Channel NewsAsia

Car loan restrictions, tightening foreign manpower to be debated in Parliament

Parliament sits on Monday, 42 questions will be tabled for oral answer

SINGAPORE - The issue of the recent car loan restrictions and impact of tightening policies on foreign workers will be brought up by Members of Parliament (MP) when Parliament sits on 8 April.

MP for Mountbatten SMC Mr Lim Biow Chuan wants to know when the Monetary Authority of Singapore will review the car loan policy to ensure that Singaporeans will have reasonable opportunities to buy a car with adequate financing.

MP for Nee Soon GRC Er Dr Lee Bee Wah wants to know how recent changes to car ownership policies have impacted the livelihood of used car dealers and what measures can be taken to ease the financial hardships faced by used car dealers.

MP for West Coast GRC Foo Mee Har has questions on how the tightening policies on foreign workers will impact the completion periods for HDB's Build-To-Order (BTO) projects and the costs of new BTO flats in view of the higher foreign worker levies.

Dr Lee wants to know what contingency plans there are if the contractors are not able to complete the BTO projects on schedule.

Recent fatal traffic accidents is another issue that Dr Lee will bring up. She wants to know if the Land Transport Authority (LTA) will study measures to amend the layout of traffic junctions and impose harsher penalties on reckless motorists who cause death.

MP for Chua Chu Kang GRC Alex Yam and Nominated MP Associate Professor Eugene Tan have asked for clarification with regard to the death of Dr Shane Todd and the move by two US senators to block funding to the Institute of Microelectronics over the investigation of the case.

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