Former Singapore Deputy Prime Minister Tharman Shanmugaratnam Was Elected President Friday. The Elections Department Declared The 66-year-old Economist As The Winner Over Two Rival Candidates After Securing 70.4 Percent Of Ballots Cast.
Tharman Shanmugaratnam Wins Singapore Presidential Election
Why In The News?
- Former Singapore Deputy Prime Minister Tharman Shanmugaratnam Was Elected President Friday. The Elections Department Declared The 66-year-old Economist As The Winner Over Two Rival Candidates After Securing 70.4 Percent Of Ballots Cast.
Who Is Tharman Shanmugaratnam?
- Born In Singapore On 25 February 1957 He Is An Economist By Profession, Tharman Has Spent His Entire Working Life In The Public Service, In Roles Principally Related To Economic And Social Policies.
- He Previously Served As Senior Minister Of Singapore Between 2019 And 2023 And Coordinating Minister For Social Policies Between 2015 And 2023, And Chairman Of The Monetary Authority Of Singapore Between 2011 And 2023.
- He Also Served As Deputy Prime Minister Between 2011 And 2019, Minister For Finance Between 2007 And 2015, Minister For Education Between 2003 And 2008.
- Tharman Is Also A Member Of The Board Of Trustees Of The World Economic Forum (WEF). Also, A Member Of The UN Secretary-general’s High-level Advisory Board On Effective Multilateralism, For The UN Summit Of The Future In 2024.
Significance Of His Election
- Elected As The 9th President Of Singapore Mr Shanmugaratnam Replaces Incumbent Halimah Yacob Who Ran Unopposed For Her Six-year Term In 2017.
- Mostly A Ceremonial Position Yet There Are Stringent Requirements For The Position, Which Formally Oversees The City’s Accumulated Financial Reserves And Holds The Power To Veto Certain Measures And Approve Anti-graft Probes.
- Observers Said Tharman Shanmugaratnam’s Win Is A Boost For The Ruling People’s Action Party (PAP), Which Is Widely Perceived To Favour His Candidacy.
- The Party That Has Ruled Singapore Continuously Since 1959 Has Been Hurt By A Rare Spate Of Political Scandals Ahead Of The Presidential Vote. Mr Shanmugaratnam, Was A Long-time PAP Stalwart Before He Resigned To Run For The Non-partisan Position Of President.
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