Tharman Shanmugaratnam has been appointed as the new 9th President of Singapore. Having previously been a part of the ruling People’s Action Party (PAP), Tharman Shanmugaratnam held the position of Member of Parliament (MP) representing the Taman Jurong division within Jurong GRC from 2001 to 2023. Additionally, he served as Deputy Prime Minister from 2011 to 2019, held the role of Minister for Finance from 2007 to 2015, and was the Minister for Education from 2003 to 2008.
Tharman Shanmugaratnam is a prominent Singaporean political figure who has made significant contributions to the country’s governance, finance, and international reputation. Tharman’s career has been marked by his dedication to public service and his impressive leadership skills. He is widely respected both in Singapore and on the global stage for his expertise in economics and finance.
Tharman Shanmugaratnam’s educational background is notable. He attended the prestigious Harvard University in the United States, where he studied economics. He later pursued postgraduate studies at the University of Cambridge in the United Kingdom. His strong academic foundation laid the groundwork for his subsequent career in public policy and finance.
One of Tharman’s most significant contributions to Singaporean politics came when he entered the political arena. In 2001, he was appointed as a Member of Parliament (MP) in Singapore. His political career continued to flourish as he took on various key roles, including Minister for Education and Minister for Finance. Tharman’s tenure as Finance Minister was particularly notable, as he played a pivotal role in managing Singapore’s economy during a period of global financial uncertainty.
Tharman’s political journey began when he joined the Monetary Authority of Singapore (MAS) in 1980, the country’s central bank and financial regulatory authority. He steadily rose through the ranks, eventually becoming the Deputy Managing Director of the MAS. His expertise in financial matters and his ability to navigate complex economic challenges were evident during his tenure at the MAS.
Tharman’s leadership was instrumental in ensuring Singapore’s economic stability and resilience. He championed policies that promoted economic growth, innovation, and inclusivity. Under his guidance, Singapore weathered the 2008 global financial crisis remarkably well, maintaining low unemployment rates and fiscal stability.
In the recent Singapore presidential election held on Friday, the 66 years old former top minister secured a historic victory with an impressive 70.4% of the total votes. This resounding win saw the candidate comfortably outperforming the other two contenders, marking the first contested presidential election in the country in over ten years.
Mr Tharman said to the media channels,
“Humbled by the strong endorsement that Singaporeans have given to me. I believe that the vote for me and what I stand for is a vote of confidence in Singapore… It is a vote of optimism for a future in which we can progress together.”
While Singapore has previously seen non-Chinese presidents, Mr. Tharman is the first to be elected by the public.
Congratulations to Mr Tharman Shanmugaratnam on his appointment as ninth president of Singapore!