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Another presidential candidate Peter Ng
- Thread starter Ralders
- Start date
Ng Kok Song, 75, is likely to contest at the upcoming Presidential Elections, which must be held no later than 13 September 2023.
Kok Song is the Chairman and co-founder of Avanda Investment Management, a “low-key” fund backed by, amongst others, Temasek, which has reportedly amassed approximately 10 billion US Dollars in assets. This quantum of the pool of assets that his company manages is well in excess of the 500 million private sector threshold found in Article 19 of the Constitution of Singapore.
According to Bloomberg, the funds three founding clients were the Singapore Labour Foundation, Temasek and GIC who helped “launch the firm with around US$4 billion in assets.”
Before he founded Avanda in 2015, Kok Song worked for more almost three decades in GIC, a professional fund management company that manages the Singapore government’s foreign assets. In an interview with the Sunday Times on 2 March 2013, the former Chief Investment Officer of GIC was reportedly of the view that “complete transparency” may “disadvantage” GIC in the financial markets by giving away information which could be sensitive.
Who is Ng Kok Song?
If Kok Song does announce his intention to contest at the Presidential Elections, it is almost certain that he would meet the qualifying criteria.Kok Song is the Chairman and co-founder of Avanda Investment Management, a “low-key” fund backed by, amongst others, Temasek, which has reportedly amassed approximately 10 billion US Dollars in assets. This quantum of the pool of assets that his company manages is well in excess of the 500 million private sector threshold found in Article 19 of the Constitution of Singapore.
According to Bloomberg, the funds three founding clients were the Singapore Labour Foundation, Temasek and GIC who helped “launch the firm with around US$4 billion in assets.”
Before he founded Avanda in 2015, Kok Song worked for more almost three decades in GIC, a professional fund management company that manages the Singapore government’s foreign assets. In an interview with the Sunday Times on 2 March 2013, the former Chief Investment Officer of GIC was reportedly of the view that “complete transparency” may “disadvantage” GIC in the financial markets by giving away information which could be sensitive.
Will we see a three-cornered fight at PE 2023?
In the last contested Presidential Elections in Singapore in 2011, 4 candidates threw their hat in the ring. The eventual winner, and establishment-backed candiate, Tony Tan, only garnered 35.20%. In other developed democracies, this result would usually lead to a run-off for the two best performing candidates. Alas, with the First-Past-The-Post system, a candidate may emerge as President even without a simple majority.
According to the grapevine Georgie boy would not be qualified to run and Ng Cock Song was asked to run so that dumb Sinkies can feel they have a 'choice'.
TOC report wrongly la. ST already reported his current company only has $73 million in equity for past 3 years.Ng Kok Song, 75, is likely to contest at the upcoming Presidential Elections, which must be held no later than 13 September 2023.
Who is Ng Kok Song?
If Kok Song does announce his intention to contest at the Presidential Elections, it is almost certain that he would meet the qualifying criteria.
Kok Song is the Chairman and co-founder of Avanda Investment Management, a “low-key” fund backed by, amongst others, Temasek, which has reportedly amassed approximately 10 billion US Dollars in assets. This quantum of the pool of assets that his company manages is well in excess of the 500 million private sector threshold found in Article 19 of the Constitution of Singapore.
According to Bloomberg, the funds three founding clients were the Singapore Labour Foundation, Temasek and GIC who helped “launch the firm with around US$4 billion in assets.”
Before he founded Avanda in 2015, Kok Song worked for more almost three decades in GIC, a professional fund management company that manages the Singapore government’s foreign assets. In an interview with the Sunday Times on 2 March 2013, the former Chief Investment Officer of GIC was reportedly of the view that “complete transparency” may “disadvantage” GIC in the financial markets by giving away information which could be sensitive.
https://www.straitstimes.com/singap...f-ng-kok-song-deliberating-bid-for-presidency
Avanda has turned a profit in the last three financial years from 2020 to 2022, according to documents obtained by ST from the Accounting and Corporate Regulatory Authority.
It has had an average of about $73 million in shareholder equity in the last three years.
They wallory Ah Bok will enter the ring now, given ground feeling change drastically from last few weeks
That one is dementia society or siao keng community president
An ex-GIC exec.
It's for the dumb 60% , cos now all uncovered as corruption gor many years,lol
Peter Ng Kok Song, ex-GIC chief investment officer, thinking of running for S'pore presidency
And then there was three.Winnie Li |
Peter Ng Kok Song, the former chief investment officer of Singapore sovereign wealth fund GIC, has confirmed that he is considering running for president, reported Lianhe Zaobao.
In response to Zaobao's query, the 75-year-old said he is aware that this is a significant matter which concerns the nation and which will have a substantial impact on him personally.
Ng told The Straits Times separately: “It is an issue of great national importance and there will be immense personal implications. I am still deliberating.”
He is currently the chairman of Avanda Investment Management, a company he co-founded in 2015, which manages an overall asset of around S$13.4 billion, reported Bloomberg.
His potential run for the presidency was first broken by the socio-political site, Wake Up Singapore on Jul. 15, 2023.
Who is Ng?
A physics graduate from the University of Singapore, Ng served at the finance ministry from 1970 to 1971 and at the Monetary Authority of Singapore between 1972 and 1986, according to Avanda's official website
Pro salary
Ng Kok Song is the Plan B candidate by the PAP.
He is the vote splitter.
Until a few weeks ago, Tharman's candidacy should be a walkover.
However, sentiments against the Indian ministers and politicians have turned.
Vivian Balakrishnan, K Shanmugam, S Iswaran.
The PAP fear that the backlash could result in Tharman losing in a freak result
The voters, especially the Chinese, could vote for George Goh.
George Goh is also PAP's puppet, or PAP sympathiser at the least.
He was asked to run for Presidency so that the voters seem to have a choice.
And the voting results is also important feedback for the next General Election.
But George clearly does not have the qualities and credentials that the PAP wants in a President
Potentially could embarrass the PAP or cause the PAP problems should he become President.
How to neutralise George Goh?
Split the Chinese votes.
So introduce another Chinese candidate.
Ng Kok Song is very much a PAP man.
He made his millions because, at GIC, he was the influential investment guru of Lee Kuan Yew.
He is still making millions in the private sector after starting his own investment company after GIC.
He knows who buttered his bread and he will not go against the PAP.
But LKY's son LHL is now calling in the favour.
Ng Kok Song will pretend to be an opposition candidate.
But you will tell that he is a vote splitter because...
...he will not campaign very hard.
He is already so old, where got energy to go walkabout?
His KPI is to win more votes than George Goh so that in the event of a freak result
He will win the most votes, ahead of Tharman and George Goh.
He is the vote splitter.
Until a few weeks ago, Tharman's candidacy should be a walkover.
However, sentiments against the Indian ministers and politicians have turned.
Vivian Balakrishnan, K Shanmugam, S Iswaran.
The PAP fear that the backlash could result in Tharman losing in a freak result
The voters, especially the Chinese, could vote for George Goh.
George Goh is also PAP's puppet, or PAP sympathiser at the least.
He was asked to run for Presidency so that the voters seem to have a choice.
And the voting results is also important feedback for the next General Election.
But George clearly does not have the qualities and credentials that the PAP wants in a President
Potentially could embarrass the PAP or cause the PAP problems should he become President.
How to neutralise George Goh?
Split the Chinese votes.
So introduce another Chinese candidate.
Ng Kok Song is very much a PAP man.
He made his millions because, at GIC, he was the influential investment guru of Lee Kuan Yew.
He is still making millions in the private sector after starting his own investment company after GIC.
He knows who buttered his bread and he will not go against the PAP.
But LKY's son LHL is now calling in the favour.
Ng Kok Song will pretend to be an opposition candidate.
But you will tell that he is a vote splitter because...
...he will not campaign very hard.
He is already so old, where got energy to go walkabout?
His KPI is to win more votes than George Goh so that in the event of a freak result
He will win the most votes, ahead of Tharman and George Goh.
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