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Ng Kok Song boasts 45-year reserves building experience, while netizens remind him on broader Presidential responsibilities

Presidential hopeful Ng Kok Song highlighted his 45-year experience molding reserves through public service, underlining the challenge in comprehending their intricacies.

While his experience is significant, public sentiment varies, with reminders that the presidency encompasses more than reserve protection.

Some jest that safeguarding reserves isn’t as daunting, as outgoing President Halimah seems to have managed the task “adequately” over the past six years.

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SINGAPORE: Presidential hopeful Ng Kok Song underscored his extensive 45-year experience in shaping the past reserves through his public service roles, setting himself apart with distinct advantages compared to other candidates.

He pointedly emphasized that comprehending the intricacies of safeguarding Singapore’s past reserves is “not easy to understand”.

While Ng acknowledged that former Senior Minister Tharman Shanmugaratnam is well-versed in the complexities of this task, he expressed his belief that the remaining potential candidates, Entrepreneur George Goh and former CEO of NTUC Income Tan Kin Lian, have yet to exhibit a comprehensive understanding.

Whoever wants to be the president must be competent, and secondly, that person must be trustworthy in terms of character, ” he asserted.

Drawing from his four and a half decades of actively contributing to reserve management, the 75-year-old former Chief Investment Officer of GIC (Singapore’s sovereign wealth fund) confidently asserted that his rich experience endows him with an insightful grasp of the nuanced nature of reserves.

Although he acknowledged Tharman’s understanding, he stressed the necessity for other candidates to validate their comprehension of the profound responsibilities associated with safeguarding reserves.

“I think Minister Tharman also understands,” he said.

“but it is something which I think other candidates will have to prove that they have a sufficient grasp Of the responsibilities of the job in terms of safeguarding the reserves.

Ng addressed a query about what distinguishes him from fellow potential candidates during a dialogue held at the Huang Clan Association in Geylang on Sunday (13 Aug).

Additionally, Mr Ng conveyed to reporters his conviction that his understanding of reserves surpasses that of the other hopefuls.

“If you were to understand about the meaning of safeguarding the reserves, you will see that it is not a simple matter,” he said.

He proceeded to highlight that although the reserves’ definition can be accessed on a government website, there exist numerous intricacies surrounding them that may elude many.

Ng brought attention to the requirement for the elected President to grasp several key points concerning the appropriate quantum of past reserves accessible to the government.

He asserted, “He needs to understand the global economy … why such an amount of money is necessary because of the risky environment that the economy is then facing.”

“I think it does require some financial competence, some understanding and knowledge of how the global economy works, how the Singapore economy is connected to the global economy … we mustn’t assume that it’s an easy thing.”

Netizens remind Ng that the presidency entails responsibilities beyond safeguarding reserves

Boasting an impressive 45-year journey in public service, marked by pivotal roles at GIC and the Monetary Authority of Singapore, Ng exuded a palpable confidence in his ability to fathom the “intricacies of reserves.”

While Mr Ng certainly has valid grounds to tout his extensive experience as an advantage in safeguarding Singapore’s reserves, alongside Tharman, public sentiment might diverge.

Commenting on CNA‘s and TODAY‘s Facebook posts, some individuals reminded Ng that the presidency entails responsibilities beyond reserve protection.

Others contested Ng’s attempt to distinguish himself primarily through his past experience or by implying that reserves are akin to “rocket science” comprehensible to a select few.

One comment insinuated that labeling it as “rocket science” might be a ploy to discredit others managing substantial funds derived from astute asset management and investments.

The comment elaborated that public sector funds stem from a steady influx of public contributions, questioning the complexity of maintaining an appealing financial facade through concealed taxes versus genuinely generating revenue from willing consumers.

“So in that respect a person who does not know how to earn money is more likely to raid the reserves than a person who does, ” the netizen wrote.

Meanwhile, another comment raised doubts about Ng’s performance by challenging his claim of building reserves.

The netizen cited GIC’s recent underwhelming five-year returns and requested clarification on the losses incurred in the previous financial year.

“Can you tell us how much losses last financial year and you also claimed you know the reserves, can you tell us how much reserves Singapore have?”

Netizens comparing Mr Ng with other potential candidates

However, it’s important to note that there are also netizens who are supportive of Ng’s stance.

For instance, one comment emphasized that certain potential candidates, like George Goh, have consistently focused on their life and business accomplishments from the very beginning but have struggled to connect these experiences with the responsibilities of a president.

There have been observations that in comparison, Ng’s stance might imply that he sees himself as a “second choice” after Tharman, considering Tharman’s role as Chairman of the MAS from 2011 to 2023.

Presidential role “more than solely safeguarding Singapore’s reserves”

Shee Chee Lim, a senior lecturer at Ngee Ann Polytechnic, shared her thoughts on a Facebook post, reminding Ng that the role of Singapore’s President encompasses more than solely safeguarding the country’s reserves.

“That is primary but not the sole qualification required. That is why there is no pre-qualification that a person must have managed the reserves before, managed huge sums of money, yes, but not necessarily the national reserves. “

He added that requiring such a qualification would indeed be unreasonable, as the complexities can be explained by advisors.

Lim further adds wisdom, humility, and a love for the country to this list of desired characteristics. These aspects, in her opinion, are the key factors.

A netizen ask Ng to comment on President Halimah’s performance on safeguarding the country’s reserve

Meanwhile, a number of netizens have taken a slightly satirical stance, suggesting that safeguarding Singapore’s reserves might not be as daunting as portrayed.

They pointed out that outgoing President Halimah seems to have managed the task “adequately” over the past six years, despite not having extensive experience working within Singapore’s sovereign fund.

In a specific comment, someone posed a query to Mr Ng, asking whether he believed President Halimah’s performance in this capacity was commendable and even superior to that of George Goh and Tan Kin Lian.

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Elderly men eating leftovers at People’s Park Food Centre spark concerns over rising living costs

A recent report revealed that elderly men have been seen eating leftovers at People’s Park Food Centre, raising concerns about their potential struggles amid rising living costs in Singapore. Online community are urging relevant agencies to reach out and understand their situations.

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Singapore: A group of elderly men has reportedly been eating leftovers at in People’s Park Food Centre, as reported by Shin Min Daily News on Wednesday (18 September).

According to tips from readers, these elderly men have been spotted scavenging for food at the bustling food centre in Chinatown.

Witnesses noted that they not only take unfinished meals from tables but also search the dish return area for additional leftovers.

Several hawkers reported seeing multiple elderly individuals, including one specific man, frequently visiting the food centre to collect leftovers, although they were unaware of their identities and living situations.

A Chinese food hawker, who has worked there for over ten years, noted that at least three or four scavengers come daily, usually around 8 or 9 PM, and sometimes kind customers buy food for them.

Another stall assistant, Ms Ma, observed that diners often leave their tables, allowing the older man to sit down and eat the leftovers directly.

Cleaner Mr Quan mentioned that while he has seen the man taking food left by others, he has also witnessed him buying his own meals, suggesting he is not in dire financial need.

Additionally, Quan noted that these scavengers typically arrive around 10 AM and leave in the afternoon.

One Elderly Man Interviewed Attributes Leftover Eating Habit to Waste Prevention, Not Financial Struggles

Among the scavengers is Mr Wang, an 84-year-old resident of Bedok, who emphasised that he doesn’t want to waste food.

He told reporter, “I have a home and children, but it’s very lively here, so I come every day and go home in the evening.”

He acknowledged his habit of eating leftovers, stating, “It’s not because I lack money; I simply don’t want to waste food.”

He explained, “Some people order a lot and can’t finish it; sometimes a whole fish is left uneaten. ”

“When I see large plates of leftover food, I think it’s a waste, so I take it to eat, and it’s still warm,” he said, adding that other scavengers respect each other’s space and enjoy their own finds.

Not everyone supports the practice of scavenging for leftovers. Daniel Tay, a retired financial advisor and advocate for freeganism, expressed concerns about the potential dangers of consuming discarded food.

He pointed out that it’s often unclear how long the food has been left out or if it has been contaminated by animals or pests, which could lead to food poisoning.

“It’s extremely unhygienic. Diners might throw away food or toss used napkins into it, contaminating it further. If a diner gets sick, such as with the flu or COVID-19, they could pass the virus to someone eating the leftovers,” he warned.

Tay suggested a more proactive approach, encouraging people to ask diners if they can take home any uneaten food, which would help ensure the food is clean and raise awareness about food waste.

Netizens Urge Agencies to Address Challenges Faced by Elderly Amid Rising Living Costs

Comments on Shin Min’s Facebook page reveal that many netizens suspect the elderly men scavenging for food may be facing significant challenges and are urging relevant agencies to reach out to understand their situations.

Some are questioning whether the rising cost of living in Singapore is prompting individuals to resort to drastic measures to save money.

One netizen commented, “Every family has its own difficulties; who hasn’t faced storms and hardships? If you see an elderly person, please invite him to a meal. After all, we will all grow old one day. Whether it’s a blessing or a curse, only heaven and earth know. I believe that Singaporeans who see him will definitely invite him to a meal.”

Discussion on Singapore’s Hardwarezone forum also highlighted that many have witnessed similar situations, indicating that this issue is not new.

One netizen speculated that some elderly individuals might be facing mental health challenges. The user shared observation of an elderly woman in Little India who regularly collects cardboard and sells 4D lottery tickets. Despite receiving money from passersby, she continues her activities.

Another user recounted an experience of seeing an elderly woman eating directly from leftover plates and offered to buy her a plate of duck rice.

However, the hawker advised that it would be pointless, as the woman allegedly prefers eating leftovers to fresh food. The netizen expressed pity for her situation, noting that other customers had also tried to buy her a meal.

Not the First Time Elderly Individuals Spotted Scavenging for Leftovers at People’s Park Food Centre

This is not the first time elderly individuals have been spotted eating leftover food at People’s Park Food Centre.

In November 2022, 8World News reported that at least seven elderly people allegedly engage in such practice regularly at the hawker centre. These individuals typically search for unfinished food left on tables or at the tray return area.

At that time, in response to inquiries from 8World News, the Ministry of Social and Family Development (MSF) stated that they were collaborating with grassroots volunteers and hawkers to identify these elderly individuals and provide assistance if needed.

MSF encourages the public to report any elderly individuals in need of help by calling 1800-222-0000 or connecting them with local social service agencies through the OneService App.

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Redditors question support for PAP over perceived arrogance and authoritarian attitude

Despite Senior Minister Lee Hsien Loong’s warning that slimmer electoral margins would limit the government’s political space “to do the right things”, many Redditors questioned their support for the ruling PAP, criticising its perceived arrogance. They argued that SM Lee’s remarks show the party has ‘lost its ways’ and acts as if it alone can determine what is right. Others noted that the PAP’s supermajority allows for the passage of unfavourable policies without adequate scrutiny.

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In a recent speech, Senior Minister Lee Hsien Loong warned that “if electoral margins get slimmer, the government will have less political space to do the right things.”

Mr Lee, who served as Prime Minister for 20 years, highlighted the risks associated with increasingly competitive politics.

“It will become harder to disregard short-term considerations in decision-making. The political dynamics will become very different,” he stated during his speech at the Annual Public Service Leadership Ceremony 2024 on 17 September.

“Singaporeans must understand the dangers this creates, and so must the public service,” SM Lee stressed.

SM Lee pointed out that Singapore faces formidable internal and external challenges in the years ahead, with rising expectations and demands from citizens.

As growth becomes harder to achieve and politics becomes more fiercely contested, he warned, “Things can go wrong for Singapore too.”

He urged vigilance in preparing for an uncertain future, noting, “As the world changes, and as the generations change, we must do our best to renew our system – to ensure that it continues to work well for us, even as things change.”

Critique of PAP’s Arrogance and Disconnect from Singaporeans

The People’s Action Party (PAP) experienced a notable decline in its vote share during the 2020 General Election, securing 61.24% of the votes and winning 83 out of 93 seats, a drop from 69.9% in 2015.

A significant loss was in Sengkang GRC, where the PAP team, led by former Minister Ng Chee Meng, was defeated by the Workers’ Party (WP).

In discussions on Reddit, some users questioned why they should support the ruling PAP, criticising the party’s perceived arrogance.

They pointed out that SM Lee’s recent remarks illustrate that the party has strayed from effectively serving Singaporeans and seems to believe it has the sole authority to decide what is right.

Others highlighted that the PAP’s super-majority in Parliament enables the passage of unfavourable policies without sufficient scrutiny.

One comment acknowledged that while many older Singaporeans remain loyal to the PAP due to its past achievements, younger generations feel the party has failed to deliver similar results.

There is significant frustration that essentials like housing and the cost of living have become less affordable compared to previous generations.

The comment emphasised the importance of the 2011 election results, which they believe compelled the PAP to reassess its policies, especially concerning foreign labor and job security.

He suggested that to retain voter support, the PAP must continue to ensure a good material standard of living.

“Then, I ask you, vote PAP for what? They deserve to lose a supermajority. Or else why would they continue to deliver the same promises they delivered to our parents? What else would get a bunch of clueless bureaucrats to recognise their problems?”

Emphasising Government Accountability to the Public

Another Redditor argued that it is the government’s responsibility to be accountable to the people.

He further challenged SM Lee’s assertion about having less political space to do the right things, questioning his authority to define what is “right” for Singapore.

The comment criticised initiatives like the Founder’s Memorial and the NS Square, suggesting they may serve to boost the egos of a few rather than benefit the broader population. The Redditor also questioned the justification for GST hikes amid rising living costs.

“Policies should always be enacted to the benefit of the people, and it should always be the people who decide what is the best course of action for our country. No one should decide that other than us.”

The comment called for an end to narratives that present the PAP as the only party capable of rescuing Singapore from crises, stating that the country has moved past the existential challenges of its founding era and that innovative ideas can come from beyond a single political party.

Another comment echoed this sentiment, noting that by stating this, SM Lee seemingly expects Singaporeans to accept the PAP’s assumption that they—and by extension, the government and public service—will generally do the “right things.”

“What is conveniently overlooked is that the point of having elections is to have us examine for ourselves if we accept that very premise, and vote accordingly.”

A comment further argued that simply losing a supermajority does not equate to a lack of political space for the government to make the right decisions.

The Redditor express frustration with SM Lee’s rhetoric, suggesting that he is manipulating public perception to justify arbitrary changes to the constitution.

Concerns Over PAP’s Supermajority in Parliament

Another comment pointed out that the PAP’s supermajority in Parliament enables the passage of questionable and controversial policies, bypassing robust debate and discussion.

The comment highlighted the contentious constitutional amendments made in late 2016, which reserved the elected presidency for candidates from a specific racial group if no president from that group had served in the previous five terms.

A comment highlighted the contrast: in the past, the PAP enjoyed a wide electoral margin because citizens believed they governed effectively. Now, the PAP claims that without a substantial electoral margin, they cannot govern well.

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