Sense And Nonsense by Tan Bah Bah
When it comes to understanding the management of our reserves, all three candidates now vying to be the next president are qualified in varying degrees. I would not lose sleep over this. But there are other roles he would have to play at this juncture of our history – and that will make a difference in who the successor of Halimah Yacob should be.
No big issue. Nevertheless, it is not quite true that the president’s second key function is nominal. It can be more than that. President Ong Teng Cheong, through his persistence but still working within the system as a team player, had been able to help enshrine a 50-50 approach to the usage of the reserves – use half of the reserve earnings for current use and keep the other half for future.
I think many Singaporeans do not realise that the next president would have to be more than a head of state with ceremonial and custodial responsibilities. This PE is very important because of what is happening at this juncture. The three candidates – individually and collectively – and the media have not done a proper job of educating Singaporeans on this.
And, remember, we do have an Opposition in Parliament to bring up issues and check the government. They are the ones pushing the boundaries in the ultimate journey and hope of replacing the existing government in a democratic system. Can the president freely air the “feedback” he receives publicly? I don’t think so because his speeches would probably be vetted and have to be approved.At this point, other things are much more urgent.
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