Indeed the office in its current form, created in 1991, was supposed to offer the PAP a bulwark against the possibility that a freak result in a general election would usher in a large number of opposition members of parliament. The presidency was vested with veto power over any spending of accumulated government reserves (currently estimated at $250 billion) and the ability to make key public service appointments.
Yet in this weekend’s vote, the prime minister’s endorsement and the nod from PAP-linked trade unions— not to mention favorable treatment from government-controlled media—may have cost Mr. Tan as many votes as it gained. Mr. Tan’s establishment credentials as a former deputy prime minister and executive director of the Government of Singapore Investment Corporation, a sovereign wealth fund, actually increased the challenges of persuading voters that he would be best placed to scrutinize the PAP executive through custodial powers. Full story
