The 'true independent' Tan Kin Lian grew NTUC Income's assets from millions to billions

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NTUC Income's assets grew from S$28 million to a whopping S$17 billion during his 30-year tenure as CEO. He asserted that this careful stewardship is a testament to how qualified he is for the presidential office

SINGAPORE: Presidential hopeful Tan Kin Lian has promised to be a faithful steward of Singapore’s reserves while championing the concerns of the people if he is elected head of state, pointing to his incredible performance at NTUC Income when he was at the helm of the cooperative.

“Over 30 years managing the assets has been very important, and I have certain principles about investing for the long term, investing in the secure Investments to give a good long-term return.” All three of the other hopefuls, ex-Senior Minister Tharman Shanmugaratnam, ex-GIC chief economist Ng Kok Song and ex-diplomat and entrepreneur George Goh Ching Wah, have all made promises of independence but Mr Tan is the only prospective candidate who has been openly critical of Government policies, championing the common man, over the years.

While Mr Tan has said that he is contesting this year’s election to “continue to be the voice of the people” and that he wants to be “independent of the government”, he has promised to take a collaborative approach with the Government if elected.

 

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