Mr Tan says his decision to run for President follows comments and his team's advice that fellow 'non-establishment' presidential hopeful George Goh may not meet the qualifying criteria.
SINGAPORE: Former NTUC Income chief executive Tan Kin Lian announced his bid to run for President on Friday , emphasising his belief in the importance of offering Singaporeans the chance to vote for what he described as an independent candidate.
In response to CNA's questions about whether he will continue if Mr Goh qualifies, Mr Tan said he does not want to split the votes between non-establishment candidates. “I have a group of five companies that have a combined shareholders’ equity of S$1.521 billion over three years," said Mr Goh, adding that this is collectively equivalent to an average shareholders’ equity of S$507 million annually for the group as a whole.George Goh formally launches bid for Presidential Election, wants to serve 'people left behind'
Mr Tan previously said that “the assets of Income was S$28 million when I joined and increased by 600 times to S$17 billion when I left in 2007 at the age of 59 years”. Tan Kin Lian and his wife Tay Siew Hong at his press conference for the 2023 Presidential Election at Copthorne King's Hotel, Singapore on Aug 11, 2023. Mr Tan stressed the importance of investing the reserves soundly to produce good returns over the long term and not be exposed to high risk. As president, he said he would “highlight this overall investment strategy to the professional investment managers”.
He said he would be “influenced by these factors” in approving the recommendations of people appointed to top positions in the public service. “If I get elected , I will have the mandate of 1.5 million people. And then that mandate will carry with it something that the government should not ignore,” he said.
Asked about his past links to the PAP despite describing himself as an independent candidate, Mr Tan said that “the PAP at that time was a very different PAP from today”.
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