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Tharman stresses economic insight in debate on safeguarding reserves

A heated competition seems to be unfolding among four Presidential hopefuls regarding their capability to safeguard Singapore’s past reserves.

Even Tharman Shanmugaratnam, in a recent interview, emphasizes that reserve usage entails understanding beyond the ‘second key.’

However, netizens express doubts about Tharman’s independence due to his recent resignation from People’s Action Party (PAP) in June this year for PE 2023 candidacy.

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SINGAPORE: A heated competition seems to be unfolding among four Presidential hopefuls regarding their capability to safeguard Singapore’s past reserves.

On Sunday (13 Aug), Presidential hopeful Ng Kok Song in an interview highlighted his extensive 45-year experience in shaping Singapore’s past reserves through public service roles, positioning himself as uniquely advantageous among competitors.

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.

Both Tan Kin Lian and George Goh rebuffed Ng’s statement, asserting their ability to effectively protect Singapore’s past reserves.

Tharman: the President needs to understand the economic and reserve-related issues

Even Mr Tharman himself weighed in on the debate. In a recent interview with The Straits Times on Friday (11 Aug), he emphasized that the power to release reserves isn’t the sole consideration.

The President must also comprehend the economic and reserve-related issues involved.

Tharman stressed that the decision-making process regarding reserves involves more than simply holding a “second key,” in which The government presents the situation to the President, and the latter decides whether to release the reserves or not.

“You’ve got to have a dialogue with the Government on it. And it helps to have a background where you have been deeply involved in economic policy. In fact, social policies as well are relevant, ” Mr Tharman said.

Furthermore, he underscored the need for an understanding of how to preserve reserves in a manner that serves both present and future generations, given the inevitability of future crises.

Tharman says decisions on reserve usage require “considered and calibrated judgments”

Tharman asserted that the President’s decisions on reserve usage require “considered and calibrated judgments”, rather than hasty reactions during times of crisis.

“How do we be fair to the current generation and future generations, both by protecting and using the reserves wisely in the future? We started now with Singa bonds for long-term infrastructure. That may not be the last of them,” he says.

Tharman said the President’s role in safeguarding reserves will only gain significance due to the impending challenges.

Tharman says his values remain ‘uncompromised’ all these years in government

Tharman Shanmugaratnam highlights his consistent independence and commitment to practical idealism throughout his career. He outlines his journey from youthful idealism to making adult decisions, including joining the government despite past disagreements.

“I’ve not had to compromise, all these years in government. I’ve never had to compromise my values and my basic motive for being in politics, which is to build a fairer and more socially just society. ”

“So when I say I am independent-minded, this is not something that I’m suddenly springing up with because of the presidential election. ”

“It goes back to my youth, it goes back to my career in the civil service, including the ups and downs I had, and how I stood my ground all the way through,” Tharman remarks.

Netizens expressed skepticism about Tharman’s independence from the PAP government

However, in the comments section of The Straits Times’ Facebook post, several netizens expressed scepticism about Tharman’s independence from the PAP government, considering his resignation from the PAP Cabinet in June to contest PE 2023.

A netizen questioned the extent of Tharman’s effectiveness and independence in fulfilling the role of a check and balance to the PAP-led government once elected as president.

The comment added that looking back at the tenure of Singapore’s inaugural elected president, the late Mr Ong Teng Cheong, often revered as the ‘People’s President’, may offer some insights.

While Tharman asserted in his interviews with The Straits Times that he and his PAP colleagues ” spent hours debating issues”, a sceptical comment pointed out a lack of instances where Tharman criticized policies during his time in office since 2001.

Meanwhile, a self-identified Taman Jurong grassroots leader shared personal experiences of interacting with Tharman, and recalled a memorable instance during a grassroots dinner in a General Election year when Tharman acknowledged the presence of capable individuals within the Opposition and expressed hope for their contributions to the nation’s progress.

A comment suggests that Tharman’s role might be better suited as a Senior Minister or even Prime Minister, given that the presidency is often seen as ceremonial.

“With due respect, we need an independent President to leverage against the Yes men. ” the comment wrote.

Interestingly, an earlier post by Tharman’s fellow presidential hopeful, George Goh, provided his perspective on the metaphorical representation of the President’s role as the ‘second key’ in terms of safeguarding reserves.

In this analogy, the primary key belongs to the PM and the cabinet, while the secondary key is positioned as the actual safeguard and oversight.

George Goh then asked, “Would you choose two other candidates whose key is exactly the same as the top key/executive? Or would you choose a truly different key?”

Tharman’s past role in releasing reserve twice amidst crisis

In times of crisis, Tharman’s involvement in the use of Singapore’s reserve was notable.

In 2008, during the global financial crisis caused by the United States housing bubble burst, he was the finance minister proposing a S$4.9 billion draw from past reserves to support jobs and encourage lending.

Additionally, he held a senior minister role, advising Prime Minister Lee Hsien Loong on economic policies during the recent Covid-19 pandemic.

The government’s proposal to access S$69 billion of reserves to preserve jobs and lives was met with his guidance. Ultimately, S$39.7 billion was utilized from the reserves.

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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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Tan Kiat How: Police called after resident ‘became aggressive’ at meet-the-people session

Senior Minister of State Tan Kiat How shared on TikTok that police were called to his meet-the-people session (MPS) in Bedok on Monday (17 Sept) evening after a resident ‘became a little more aggressive’, reportedly over a job issue. While the PAP MP emphasized the efforts made to assist residents, some netizens questioned the volunteers’ handling of the situation and urged more proactive measures from the MP.

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SINGAPORE: Police were called to a meet-the-people session (MPS) in Bedok after a resident became aggressive, causing a disturbance, according to Member of Parliament (MP) for East Coast GRC Tan Kiat How.

Mr Tan, who represents the Kampong Chai Chee ward, addressed the incident in a TikTok video posted on Monday (17 September).

In the video, Mr Tan, who is also Senior Minister of State for National Development, emphasised the need for mutual respect at these sessions, which are intended to be safe spaces for both residents and volunteers.

“It was unfortunate that the police had to be called to MPS today when a resident became a little more aggressive,” Mr Tan said, acknowledging the incident that occurred during the Monday MPS session at Block 408 Bedok North Avenue 2.

Mr Tan expressed empathy for the challenges faced by residents but urged individuals attending MPS to remain respectful towards volunteers.

“Sometimes you see such cases at MPS, where one of the residents get more aggressive and can be a little bit more violent,” he noted.

He added that while efforts are made to assist residents, certain matters are beyond their control.

“For example, we can’t write to a government agency to demand the agency to offer a job to a person … but we can facilitate and make sure that opportunities are available for our residents,” he explained.

@tankiathow

It was unfortunate that the police had to be called to #MPS today when a resident became a little more aggressive. We always do our best to help #KampongChaiChee residents, but some things are beyond our control. Let’s work towards mutual respect and ensure MPS remains a safe space for both residents and volunteers. #caringeastcoast

♬ Future – Official Sound Studio

Netizens Question Volunteers’ Handling of Situation and Call for Greater Action from MP

The incident drew numerous responses on TikTok, with some expressing support for Mr Tan and others sympathising with the unnamed resident.

One comment suggested that the individual may have been “desperate” for a solution to their issue, while another urged patience, noting that not all cases can be resolved immediately.

Separately, Mr Tan responded to one user by confirming that he had previously helped the resident’s parents.

Some questioned whether the issue arose from a lack of tact by certain volunteers in handling the situation, suggesting that they receive proper training to address residents’ concerns effectively.

In response, Mr Tan emphasized that his volunteers always do their best and that empathy is crucial in such situations.

Another user noted that empathy should be mutual, suggesting that while residents are trying their best, they may feel they have no other solutions, urging Mr Tan to show greater understanding.

One comment pointed out that something significant might have affected the resident, possibly leading them to drastic actions, and called for more proactive measures from the MP rather than just expressing empathy.

This is not the first time an MPS has been marked by aggression.

In 2018, Jurong GRC MP Tan Wu Meng was assaulted by a 32-year-old man, leaving him with injuries.

The assailant was arrested after rushing into the MPS area and attacking Dr Tan.

Similarly, in 2009, Ang Mo Kio GRC MP Seng Han Thong was attacked when a resident doused him with paint thinner and set him on fire. Mr Seng survived but required extensive medical treatment.

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