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SINGAPORE: Calvin Cheng took to social media over the weekend (Aug 12), predicting that the Presidential Election will find yourself being a two-horse race between Tan Kin Lian and Tharman Shanmugaratnam.
4 individuals have declared their intention to run. Former Senior Minister Tharman Shanmugaratnam, businessman George Goh, former GIC chief funding officer Ng Kok Music and former presidential candidate Tan Kin Lian have thrown their names into the hat.
Former Nominated MP Calvin Cheng wrote: “For my part , of the three personal sector candidates, Tan Kin Lian has the perfect likelihood of qualifying”.
He defined: “It’s because in 2011, the PEC mentioned “The Committee is of the opinion that the organisation (NTUC Earnings) is comparable in measurement and complexity to an organization with a paid-up capital of S$100 million.” It’s not an enormous leap of logic to determine that NTUC Earnings (which TKL says had 17 billion in belongings) is akin to an organization with 500m shareholder fairness”.
Mr Cheng added that Mr Goh has a more durable path. He added that Mr Goh’s legal professionals “have put collectively a really robust argument that a number of firms with a mixed shareholder fairness of greater than 500m is equal to 1 firm with greater than 500m. The PEC could not agree. Nonetheless, I hope the PEC will think about that George Goh was not merely a employed gun, however the entrepreneur who constructed these firms from scratch”.
Close to Mr Ng, Mr Cheng added that he has “a fair more durable path”. Whereas his position as Chief Funding Officer of GIC is a crucial one, “Mr. Ng has to show that his position is as advanced and and essential as a CEO of a 500m fairness firm. This isn’t simple”, he added.
Mr Cheng concluded that he believed the Presidential Election can be between Mr Shanmugaratnam and Mr Tan.
Polling Day for Singapore’s Presidential Election might be on Friday, Sep 1, if a couple of candidate qualifies to run for the publish.
Nomination Day is ready for Aug 22.
Purposes to run within the Presidential Election opened on Jun 13.
To be nominated as a candidate, the particular person should ship his nomination paper, together with the Certificates of Eligibility, the Neighborhood Certificates and the Political Donation Certificates.
Purposes for the Certificates of Eligibility and the Neighborhood Certificates will shut on Aug 17.
Every candidate should pay a deposit of S$40,500. This may be carried out earlier than Nomination Day.
Nomination proceedings will happen on the Folks’s Affiliation auditorium at King George’s Avenue between 11 am and 12 pm on Aug 22.
The returning officer is Mr Tan Meng Dui, chief government officer of the Housing and Growth Board.
If there’s a contest, Polling Day on Sep 1 might be a public vacation. /TISG
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