TURMOIL IN INDONESIA (Economic implications for Singapore)

Dr Lee Tsao Yuan asked the Minister for Finance what are the economic implications for Singapore arising from the recent turmoil in Indonesia; in particular, whether growth this year is more likely to be in the lower half of the 2.5-4.5 per cent forecasted range and, if so, whether the Government will activate off-Budget measures to help firms and retrenched workers in financial difficulties.