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Expert advice from council
President Nathan said he is not rubber stamping the deposit guarantee move, backed by government reserves. -ST
By Goh Chin Lian, In Kuwait City IN MAKING any decision to draw on the reserves of the Singapore Government, the President can get expert advice from his six-member council of advisors, President SR Nathan said here. He said in respose to a question that members of the Council of Presidential Advisers are all well-informed about the economy and financial matters. Last month's $150 billion bank guarantee package was the first time the Government called on the President to exercise his custodial powers over the nation's reserves.
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