Presidential election process begins; businessman Mohamed Salleh hopes to stand

Mr Mohamed Salleh Marican, CEO of Second Chance Properties (SCP).
Mr Mohamed Salleh Marican, CEO of Second Chance Properties (SCP). PHOTO: BERITA HARIAN

Candidates aspiring to contest the upcoming presidential election can take the first step today.

They can get the forms from the Elections Department website or its office, to certify they are eligible.

This September's election is the first that will be reserved for Malay candidates, following changes to the law last year.

Candidates also have to make a formal declaration that they understand the role of the president.

And the first prospective candidate has emerged.

Second Chance Properties founder and chief executive officer Mohamed Salleh Marican, 67, told The Straits Times he plans to stand - though it is not clear if he qualifies.

"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," Mr Salleh said.

He founded Second Chance as a men's tailoring service in 1975, growing it into a household name with varied businesses. It was listed on the Singapore Exchange in 1997.

"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," he added.

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

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

However, the six-member Presidential Elections Committee - which was named yesterday - has the discretion to make an exception if it is satisfied that a candidate can carry out the functions of the office.

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A version of this article appeared in the print edition of The Straits Times on June 01, 2017, with the headline 'Presidential election process begins; businessman Mohamed Salleh hopes to stand'. Print Edition | Subscribe