Presidential hopeful Ng Kok Song has submitted his application for a certificate of eligibility to contest the upcoming presidential election. Speaking to the media after a visit to the Teochew Poit Ip Huay Kuan on Thursday night, Mr Ng, 75, said he had submitted the forms...
Second, they help to save jobs and support lower-income Singaporeans in times of economic crisis, as seen in the draw on reserves during the Covid-19 pandemic.This is important because Singapore buys many things from overseas, and the strength of the Singapore dollar helps to reduce costs domestically and keep inflation down.
Unless the past reserves are protected, each time there is an election, there will be political parties who will promise to reduce the GST if they are voted in, said Mr Ng during a question-and-answer session with the clan members. “So I don’t think it’s correct to say that the President will have the executive powers to, for example, ask the Government to reduce the cost of living. But what the President can do in regard to the cost of living is to make sure that we safeguard our reserves, so that the Singapore dollar will remain strong,” he added.
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