Who holds the 1st key?
The Elected President holds the second key to our reserves. But who holds the first? It can’t be the government (Cabinet) since they are requesting the money. In a representative democracy, as in ours, parliament holds the first key. They represent the people and gives the people’s consent when the government wants to draw...
Singapore is Reeling from the Latest Money Laundering Revelations
If you’ve been reading my blog you will know that Singapore’s blasé attitude towards abiding by legal norms and processes is a theme of mine. You may remember the Panama Papers. I said that there weren’t many revelations about Singapore (except those concerning a relative of the late LKY’s wife) because Singapore is...
Helping the ministers to find a better solution
The government ministers are worried that, if I were elected president, I will be confronting them on their policy decisions. They do not need to worry. I do not believe in confrontation or playing politics. They are stressful, draining of energy and do not lead to any useful solution to the underlying problem. I prefer to help...
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