28 Jun '11, 4am

SDP on what Dr Tony Tan will not know even if he is #sgpresident - What exactly is the President supposed to guard?

A lesser known fact was that there was another deputy prime minister in 2004. His name is Dr Tony Tan. Dr Tan is, of course, seeking the office of the presidency. If Dr Tan becomes president he may have no knowledge of (or even if he did he would likely have no power to stop) the transfer of funds to GLCs under the present Constitution – a move that he helped enact when he was DPM. Can, and should, he be taken seriously as a candidate? What if the Government decided to transfer all of our reserves to some of these companies? How would the president know? For instance, were our reserves used to buffer the losses that Temasek Holdings incurred in the 2008 financial meltdown? Temasek had admitted that it had lost $70 billion in its investments that year. How are Singaporeans to know whether our reserves were tranferred to the GLCs under the stable of companies owned by Temase...

Full article: http://yoursdp.org/index.php/news/singapore/4871-what-exa...

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