and to cultivate good inter-religious relations and confidence beyond just legislation. 8 February – The Monetary Authority of Singapore announced the setting up of Singapore Deposit Insurance Corporation Limited (SDIC) to manage deposit insurance. 10 February – The Secretary General of Singapore Democratic Party, Chee Soon Juan, was declared bankrupt by the High Court, after failing to pay S$500,000 in damages awarded to Senior Minister Goh Chok Tong and Minister Mentor Lee Kuan Yew in a defamation lawsuit concerning comments he made during the 2001 election and later, the comments relating to last year's National Kidney Foundation Singapore scandal. Per the bankruptcy order, Chee was barred from participating in the politics (as well as the forthcoming election) for five years. 15 February – Ang Soon Tong triad leader Tan Chor Jin used a gun to rob and kill nightclub owner Lim Hock Soon at his apartment. Nicknamed the "One Eyed Dragon", he was sentenced to death and hanged on 9 January 2009. The Ford Motor Factory in Upper Bukit Timah Road, the site of the British surrender to the Japanese during World War II, was gazetted as a national monument. 16 February – The Memories at Old Ford Factory is officially opened to showcase the times during World War II. MediaCorp launches MOBTV, a video on demand service. March 1 March – A case of child rape and murder by drowning occurred at Pipit Road. The victim, Nurasyura binte Mohamed Fauzi, was killed by her stepfather Mohammed Ali bin Johari, who was charged with murder and sentenced to death. Mohammed Ali was hanged on 19 December 2008. 3 March – The Additional CPF Housing Grant is announced to help lower-income Singaporeans buy Housing and Development Board (HDB) flats. The scheme has since been enhanced in 2007 and 2009. The Elections Department release the report of the updated electoral boundaries for the general election. 10 March – An airport hotel, called Crowne Plaza Changi Airport Hotel at Changi Airport Terminal 3 will open by 2008. 11 March – Construction starts on the Boon Lay Extension of the East West MRT line, with the station names unveiled. 13 March – The updated Singapore Green Plan 2012 is released, with new targets for clean air, emissions, water consumption, among others. 16 March – British monarch Elizabeth II visits Singapore. 20 March – The Police Coast Guard's new headquarters on Pulau Brani, called the