SINGAPORE — Mr Ng Kok Music has said that his fellow presidential hopeful George Goh is mistaken about the job of the CIO in an expense management enterprise. 

“I imagine Mr Goh built a oversight. He thinks that CIO is main details officer. CIO at GIC is not chief information and facts officer, it is chief expenditure officer. And that is a quite massive variance,” he stated. 

The 75-yr-old former GIC expenditure officer, who was viewing Tiong Bahru Sector and Food items Centre on Saturday (Aug 5), was responding to journalists’ queries about feedback created by Mr Goh that appeared to be directed at him.

Mr Goh had reported at a push conference the day right before: “If I’m the CIO in my organisation in the personal sector, remember to don’t arrive forward for the reason that the CIO most very likely ranks range five or number 6 in the organisation.” 

But Mr Ng countered that the main investment officer is as significant, if not additional vital than the main government officer (CEO) in an investment administration organization. 

The chairman is rated initially followed by the deputy chairman, CEO, main economical officer, chief functioning officer then the CIO, he explained. 

He included that he would like to meet Mr Goh — the founder of Harvey Norman Ossia — to study from his know-how about enterprise and share his very own know-how about expense management organizations. 

Mr Ng retired from GIC, Singapore’s sovereign prosperity fund, in 2013 just after 27 several years with the organisation. He was appointed GIC’s very first team chief financial investment officer in 2007 and held the publish until finally his retirement. 


Mr Ng also said on Saturday that he empathised with Singaporeans who are feeling the soreness of the greater value of living. 

“But we are incredibly fortuitous in Singapore, that we can preserve down the price of living… It’s simply because we have a sturdy Singapore dollar,” he additional. 

The power of the Singapore dollar is relevant to the country’s financial reserves, he claimed. “Due to the fact our fiscal reserves is potent, we are capable to command the self esteem of traders, and they like to spend in the Singapore dollar.” 

The President has an vital part to participate in in safeguarding Singapore’s reserves, he extra. 

“I want to come to be the President so that I can glimpse following our reserves.” 

When requested by a journalist if his and Mr Tharman Shanmugaratnam’s professions ended up identical, getting both served in GIC and the Monetary Authority of Singapore, Mr Ng stressed that he served as a public assistance officer, not a political leader or minister. 

“So we each experienced unique roles to perform. You may possibly say that Mr Tharman was a policymaker … But as the chief expenditure officer of GIC, I helped to make the tips that go to the board, and then the board approves the procedures. 

“Mr Tharman was the policymaker, I was the revenue maker.” 

Mr Ng, who submitted his application for a certificate of eligibility by means of the general public sector deliberative monitor on Wednesday, claimed he has now gathered his proposer, seconder and eight assenters. 

He previously verified that he had shown previous International Affairs Minister George Yeo as a person of his 3 character references in his eligibility papers. 

On when he options to announce the identities of his assenters, he reported “the suitable time” would be on Nomination Working day. 

Electoral policies need every presidential candidate’s nomination papers to be signed by a proposer, a seconder and at least four other folks who are registered voters. Mr Tharman introduced his proposer, seconder and eight assenters on July 26. 

“I’m very privileged that I currently have the comprehensive checklist of assenters, with each other with some reserves. We require some reserves because all of the assenters have to be bodily present in Singapore, so in situation they are travelling, I require reserves,” claimed Mr Ng. 

“I have the list of assenters, but I think it truly is much too early mainly because I have not even gotten the certification of eligibility.”  CNA

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