Cheng Bock: Tony better in GIC

When asked for his views on Dr Tony Tan's suggestion of a second resilience package if Singapore should face another economic crisis, Dr Tan Cheng Bock said his opponent will be more suited to be back in the GIC.

He said that the job of initiating a resilience package should remain that of the Finance Minister's, Mr Tharman Shanmugaratnam, and the political party which is in power. He also added that the President has no power to make such a suggestion according to the Constitution.

However, he said that if he were elected President, his job would be to listen to Mr Shanmugaratnam, and consider if it eats into Singapore's reserves, as well whether such a move was vital to ensure that Singaporeans' jobs were not lost if he were to agree to dip into the reserves.