Related:Speaking to reporters after the event, Mr Ng further elaborated on why he believes he has a better understanding of the reserves than two of the other hopefuls.
He added that while people can go to a government website and find out what the reserves are by definition, there are many intricacies surrounding them that many may not be able to understand. "I think it does require some financial competence, some understanding and knowledge of how the global economy works, how the Singapore economy is connected to the global economy ... we mustn't assume that it's an easy thing."He said that his 45 years' experience in helping to build the reserves thus qualifies him to understand the"intricacies of the reserves".
"I think people of my generation know that it is because of Mr Lee Kuan Yew that Singapore can enjoy our standard of living now, it was Mr Lee who took our country from third world to first world, and I think many Singaporeans feel gratitude to Mr Lee," he said."If not for Mr Lee, I cannot have gone from a kampung boy to now standing for President," he said.
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