Tan Kin Lian will donate half of his salary if elected as President - 07Jun2011

SINGAPORE: Former NTUC Income Chief Tan Kin Lian has confirmed that he will be running in the Presidential Election, which must be held by August 31. On his blog, Mr Tan wrote that he will contest if given the certificate of eligibility. He also shared his thoughts on the key role of safeguarding the reserves that the elected President has to play. Calling it "holding the second key", he said former President Ong Teng Cheong had expressed difficulty in performing this role. Mr Tan said there are two main concerns Singaporeans had shared through Internet postings on the reserves. One was the safety of the Central Provident Fund and if the government has enough money to make payouts to Singaporeans at their respective withdrawal dates. The other concern was whether there are reserves to protect Singapore's economic security in the challenging global financial environment. Mr Tan said these concerns were worsened by the decline in trust in the government in recent years and a lack of transparency on the reserves. He said as the constitution required the elected President to give approval of past reserves or "reserves accumulated by previous governments", an understanding was needed of what is defined as "reserves", and what is considered "past reserves" and "current reserves". Mr Tan said he will be studying a White Paper, published after former President Ong Teng Cheong completed his term in 1999, on the principles of the role to understand if it helped the President to <b>...</b>

























