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This Self-Made Abang Entrepreneur Could be Singapore’s Next President

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All eyes may be on Speaker of Parliament Halimah Yacob, but this local entrepreneur Mohamed Salleh Marican could be the next president of Singapore.

The 67-year-old has declared his interest in running for the presidency come September, and his name has been bandied in several circles as a potential candidate.

Mr Mohamed Salleh is the founder and CEO of Second Chance properties.

His started out the business as a tailoring service back in 1975 and has since expanded its operations into several industries.

The company was listed on the Stock Exchange in 1997.

Commenting on his entry into the presidential election fray, Mr Mohamed Salleh said:

“I believe I have done well for myself in business and would like to step up and give back to society in a much larger way.”

He added that “the position and influence of the elected president will have a great impact on whatever activities he or she chooses to promote. I can also fulfil the call of most Singaporeans who desire a truly independent elected president.”

Mr Mohamed Salleh meets the race criteria to mount a presidency challenge as PE2017 will be reserved for Malay candidates only.

However, he might hit a snag in the financial eligibility criteria.

Candidates from the private sector must have helmed a company with at least S$500 million in shareholders’ equity, on average, for the most recent three years.

Second Chance Properties’ shareholders’ equity though was put at between S$254.3 million and $$263.3 million in the past three financial years.

Still, the Presidential Elections Committee has the discretion to make an exception to allow Mr Mohamed Salleh to contest if it is satisfied that he can carry out the functions of the president’s office if elected.

 

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