Parliament to hear three ministerial statements on impact of Middle East war on Singapore
Minister for Trade and Industry Gan Kim Yong, Senior Minister of State for Finance Jeffrey Siow, and Minister for Home Affairs K Shanmugam will deliver statements on the fallout from the Middle East conflict.
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SINGAPORE: The impact of the Middle East conflict on Singapore will be a key focus when parliament sits on Tuesday (Apr 7), with three ministerial statements scheduled to be delivered on the matter.
More than 60 questions related to the conflict and its fallout have been filed by Members of Parliament. The questions cover issues such as the increase in prices of fuel and electricity, as well as the impact on Singapore's liquefied natural gas (LNG) supply and the inflationary effects on businesses and households.
Deputy Prime Minister and Minister for Trade and Industry Gan Kim Yong, Acting Minister for Transport and Senior Minister of State for Finance Jeffrey Siow and Coordinating Minister for National Security and Minister for Home Affairs K Shanmugam are set to address these questions in their ministerial statements.
The impact of the war on Iran has been far-reaching, with Prime Minister Lawrence Wong warning last week of “severe consequences” if Middle Eastern energy sources and supply routes remain constrained for an extended period.
Singapore has convened a ministerial committee to respond to the ongoing Middle East conflict, with Mr Shanmguam appointed as the chair.
Besides focusing on energy disruptions and rising fuel prices, the committee will also look at the wider supply shocks, security, and diplomatic issues arising from the conflict.
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