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SINGAPORE — Ng Kok Track, the previous chief funding officer of Singapore’s sovereign wealth fund GIC, threw his identify into the presidential race, making the principle contender Tharman Shanmugaratnam’s path to the Istana even more durable.
Regardless of his intensive expertise managing the nation’s reserves because the group’s chief funding officer from 2007 till his retirement from GIC in 2013, will he be capable to garner sufficient assist to safe victory over Tharman, Singapore’s former Senior Minister and Finance Minister, now that Ng has efficiently obtained his certificates of eligibility from the Presidential Election Committee?
Whereas any candidates making ready for an election will most likely be fascinated about their probabilities of successful or dropping, for Ng he isn’t too anxious about it. He feels that relatively than placing an excessive amount of power into the outcomes, he prefers to give attention to making ready the perfect for his marketing campaign. This philosophy goes consistent with his perception in religious meditation which retains him calm.
The previous GIC chief funding officer shared that he’s going into the presidential marketing campaign with one of many fruits of meditation, which is detachment. He defined that no matter one does, they need to do it to the perfect of their potential and never be overly involved with the result.
“I feel a great way of understanding how meditation helps us to discern what we must always do, and to discern the the reason why we make that call. I’m going into this presidential marketing campaign with one of many fruits of meditation, which is detachment,” mentioned Ng in a video posted on his Fb web page.
Ng added even when he doesn’t win the presidential election, he’s glad to have the ability to provide his identify to the race in order that the voters have a chance to offer the eventual winner, the subsequent President of Singapore the mandate that he deserves.
“If I contest the election and I don’t win, there’s one winner, and that winner is the individuals of Singapore. That they get the prospect to decide on their president. I’ve come ahead and I’ve honoured the workplace of the president. So the individuals in Singapore and outdoors of Singapore, say sure, you might have an elected president via an election. So what mattered most to me was that the workplace of the president needs to be honoured,” expressed Ng, who’s at the moment the chairman of Avanda Funding Administration which he co-founded in 2015 with former colleagues from GIC.
UPHOLDING THE INTEGRITY OF KEY APPOINTMENT HOLDERS
In one other interview, Ng spoke on the significance of upholding the integrity of key appointment holders, and it isn’t nearly conforming to the letters of the regulation however honouring the spirit of the regulation too.
Ng talked about that he has been in public service for 45 years and he totally understands what integrity means.
“This is essential as a result of we’ve got received good establishments of presidency. Good establishments imply good individuals. As a result of for those who don’t have good individuals, sincere individuals, succesful individuals, good establishments can turn into dangerous, can turn into dishonest,” mentioned the presidential hopeful.
“So let’s say you might have the accountant-general or the auditor-general. If the officeholder lacks integrity, he’ll compromise and collude with a nasty authorities. I’ve spent a few years in public service, so I understand how necessary it’s this query of integrity. Integrity isn’t just about conforming, to the letter of the regulation, or the letter of the code of conduct. Integrity means honouring the spirit. Folks confer with as optics, public notion,” added Ng, who first began his profession in public service as an funding analyst on the Ministry of Finance in 1970, earlier than shifting to the Financial Authority of Singapore the next yr.
Ng reiterated that when an individual is in a high-level place, whether or not in a political workplace or public service, they have to not solely adjust to the letter of the regulation or the code of conduct.
“You must try to honour the spirit of it. That’s how my years in public service, equip me with the expertise that may allow me to make a judgement as as to whether an appointment needs to be accepted or questioned,” defined Ng who joined GIC in 1986.
Other than Ng and Tharman, there are two different presidential hopefuls within the race. They’re former NTUC Earnings CEO Tan Kin Lian and businessman George Goh. The Elections Division introduced {that a} whole of six candidates have submitted for a certificates of eligibility, after the deadline for submission on Thursday, Aug 17.
The Presidential Elections Committee will now deliberate on the candidates and have up till Monday, Aug 21, to announce their determination. Nomination Day is designated for the next day on Aug 22, and if multiple presidential hopeful receives their certificates of eligibility, Singaporeans will go to the polls on Sept 1 to elect the nation’s ninth President.
Singapore goes to the polls: Tharman, Ng Kok Track, Tan Kin Lian qualify as presidential candidates
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