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2017 Singapore Presidential Election
The 2017 Singaporean presidential election was held to elect the next President of Singapore. Halimah Yacob was elected in an uncontested election due to lack of eligible candidates and she was the only candidate that was granted an eligibility certificate to contest in the 2017 presidential election, which was reserved for candidates from the Malay community, who had not held the presidency since 1970. Background The President is the head of state of Singapore. Following the Westminster system, the position is largely ceremonial, but enjoys several reserve powers including withholding presidential assent on supply bills and changing or revoking civil service appointments. The current system of holding elections for the Presidency began with the 1993 election, with the election of Ong Teng Cheong. Before then, the President was selected by Parliament. There are strict requirements for prospective presidential election candidates, and whether a candidate meets the qualifi ...
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Halimah Yacob
Halimah Yacob (Jawi script: ; born 23 August 1954) is a Singaporean politician and former lawyer who has been serving as the eighth president of Singapore since 2017. Prior to her presidency, she was the country's parliament speaker. She is also the first female president in Singapore's history. A former member of the governing People's Action Party (PAP), she was the Member of Parliament (MP) representing the Bukit Batok East ward of Jurong GRC between 2001 and 2015, and the Marsiling ward of Marsiling–Yew Tee GRC between 2015 and 2017. She resigned from the party and became an independent to run for the 2017 presidential election and won an uncontested election after the other candidates except for her did not meet the criteria to qualify. The election was specifically reserved for candidates from the Malay community due to an amendment made to the Constitution. Early life and education Halimah was born on 23 August 1954 at her family home on Queen Street in Singap ...
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Presidential Elections Committee
The Presidential Elections Committee was set up by the Government of Singapore to ensure that each candidate running for the office of President of Singapore has the qualifications needed — referred in Article 19 of the Constitution of Singapore. Composition The committee consists of: * the Chairman of the Public Service Commission, who is also the Chairperson of the Presidential Elections Committee * the Chairman of the Accounting and Corporate Regulatory Authority * a member of the Presidential Council for Minority Rights, appointed by the Chairperson of that Council * a member or former member of the Council of Presidential Advisers (but not the sitting Chairperson of that Council or a former member who vacated his seat under Article 37F(2)(a) or (c) of the Constitution), appointed by the Chairperson of that Council * a person who is qualified to be or has been a Judge of the Supreme Court, appointed by the Chief Justice * a person, who in the opinion of the Prime Minister ...
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Share Capital
A corporation's share capital, commonly referred to as capital stock in the United States, is the portion of a corporation's equity that has been derived by the issue of shares in the corporation to a shareholder, usually for cash. "Share capital" may also denote the number and types of shares that compose a corporation's share structure. Definition In accounting, the share capital of a corporation is the nominal value of issued shares (that is, the sum of their par values, sometimes indicated on share certificates). If the allocation price of shares is greater than the par value, as in a rights issue, the shares are said to be sold at a premium (variously called share premium, additional paid-in capital or paid-in capital in excess of par). Commonly, the share capital is the total of the nominal share capital and the premium share capital. Most jurisdictions do not allow a company to issue shares below par value, but if permitted they are said to be issued at a discount or part ...
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Full-stake
In finance, equity is ownership of assets that may have debts or other liabilities attached to them. Equity is measured for accounting purposes by subtracting liabilities from the value of the assets. For example, if someone owns a car worth $24,000 and owes $10,000 on the loan used to buy the car, the difference of $14,000 is equity. Equity can apply to a single asset, such as a car or house, or to an entire business. A business that needs to start up or expand its operations can sell its equity in order to raise cash that does not have to be repaid on a set schedule. In government finance or other non-profit settings, equity is known as "net position" or "net assets". Origins The term "equity" describes this type of ownership in English because it was regulated through the system of equity law that developed in England during the Late Middle Ages to meet the growing demands of commercial activity. While the older common law courts dealt with questions of property title, equ ...
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Council Of Presidential Advisers
The powers of the president of Singapore are divided into those which the president may exercise at their own discretion, and those they must exercise in accordance with the advice of the Cabinet of Singapore or of a minister acting under the general authority of the Cabinet. In addition, the president is required to consult the Council of Presidential Advisers (CPA) when performing some of their functions. In other cases, the president may consult the CPA if they wish to but is not bound to do so. In 1991, the Constitution of Singapore was amended to transform the office of president, which was previously indirectly elected by Parliament, into an office directly elected by its citizens. The amendment conferred on the president certain executive functions to block attempts by the government of the day to draw down past reserves that it did not accumulate. Thus, a guarantee may only be given or a loan raised by the government if the president concurs, and their approval is also neede ...
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Sundaresh Menon
Sundaresh Menon (born 26 February 1962) is a Singaporean lawyer and jurist who has been serving as the fourth chief justice of Singapore since 2012, appointed by President Tony Tan. Education Sundaresh graduated from the National University of Singapore in 1986 with a Bachelor of Laws with first class honours degree. He subsequently went on to complete a Master of Laws degree at Harvard Law School in 1991... Career Sundaresh started his career at Shook Lin & Bok as a legal assistant in 1987, and became a partner in 1990. In 1992, together with Wong Meng Meng and Alvin Yeo, Sundaresh co-founded WongPartnership, one of the four largest law firms in Singapore, and remained a partner in the law firm until 1995. He then joined Rajah & Tann as a partner and served as its Head of Projects & Infrastructure Group until 2003, and thereafter joined Jones Day as a partner until 2006. Sundaresh served a one-year term as a Judicial Commissioner of the Supreme Court between 2006 and 200 ...
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Chief Justice Of Singapore
The chief justice of Singapore is the presiding member of the Supreme Court of Singapore. It is the highest post in the judicial system of Singapore, appointed by the president, chosen from the candidates recommended by the prime minister. The incumbent chief justice is Sundaresh Menon. History Prior to 1963 the Chief Justice was appointed by the Governors of the respective British colonies. Prior to 1867 the role of the Chief Justice was with the Recorders of the respective British colonies in the area (Penang, Malacca and Singapore). List of chief justices (1965–present) Chief Justices of the Republic of Singapore List of chief justices (1867–1965) Chief Justices of the Straits Settlements Chief Justices of the Colony of Singapore Chief Justices of the State of Singapore See also * Attorney-General of Singapore External links List of former judges Singapore Singapore (), officially the Republic of Singapore, is a sovereign island country and ...
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Lee Hsien Loong
Lee Hsien Loong (; born 10 February 1952) is a Singaporean politician and former brigadier-general who has been serving as Prime Minister of Singapore and Secretary-General of the People's Action Party since 2004. He has been the Member of Parliament (MP) representing the Teck Ghee division of Ang Mo Kio GRC since 1991, and previously Teck Ghee SMC between 1984 and 1991. Born in Singapore during British colonial rule, Lee is the eldest son of Singapore's first prime minister, Lee Kuan Yew. He graduated from Trinity College, Cambridge in 1974 with a Bachelor of Arts with first class honours degree in mathematics and a diploma in computer science (now equivalent to a master's degree in computer science) with distinction. He also completed a Master of Public Administration degree at Harvard Kennedy School in 1980. He served in the Singapore Armed Forces (SAF) between 1971 and 1984, and attained the rank Brigadier-General before entering politics in 1984 where he was elected as ...
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Malay Singaporeans
Malay Singaporeans ( ms, Melayu Singapura, Jawi: ) are a local ethnic group in Singapore. Recognised as the indigenous people of the country, the group is defined as Singaporean who is of Malay ethnicity or, whose ancestry originates from the Malay world. Local Malay Singaporeans constitute 15% of the country's citizens, making them the second largest ethnic group in Singapore after Chinese Singaporeans. Prior to the arrival of Sir Stamford Raffles, the Malays were the majority living on the island under the Johor Sultanate. From the 19th century until World War II, the Malays enjoyed favourable treatment and disproportionate employment to colonial governmental posts; this was concurrent with a sharp increase in the Malay population due to immigration to Singapore from the other part of Malay Peninsula, Brunei and the Indonesian archipelago such as Java, Sumatra and Sulawesi. Though coming from various backgrounds from the Malay world, many are nonetheless tied together by ...
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Channel NewsAsia
CNA (stylised as cna), which is an acronym derived from its previous name, Channel NewsAsia, is a Singaporean multinational news channel owned by the country's national public broadcaster Mediacorp. It broadcasts free-to-air domestically in Singapore and as a pay television channel internationally to 29 territories across the Asia-Pacific. The channel's logo is a stylised red letter A with folding patterns. The network has been positioned as an alternative to Western-based international media in its presentation of news from "an Asian perspective". It is run by Mediacorp News Pte Ltd, a subsidiary of the Singapore's media conglomerate Mediacorp Pte Ltd. Alongside its main focus as an English-language news television channel, CNA also broadcasts and produces news and current affairs content in Singapore's other official languages: Chinese, Malay and Tamil. Content is produced for Mediacorp's online platforms, with news bulletins made for and shown on the company's mass enter ...
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The New York Times
''The New York Times'' (''the Times'', ''NYT'', or the Gray Lady) is a daily newspaper based in New York City with a worldwide readership reported in 2020 to comprise a declining 840,000 paid print subscribers, and a growing 6 million paid digital subscribers. It also is a producer of popular podcasts such as '' The Daily''. Founded in 1851 by Henry Jarvis Raymond and George Jones, it was initially published by Raymond, Jones & Company. The ''Times'' has won 132 Pulitzer Prizes, the most of any newspaper, and has long been regarded as a national "newspaper of record". For print it is ranked 18th in the world by circulation and 3rd in the U.S. The paper is owned by the New York Times Company, which is publicly traded. It has been governed by the Sulzberger family since 1896, through a dual-class share structure after its shares became publicly traded. A. G. Sulzberger, the paper's publisher and the company's chairman, is the fifth generation of the family to head the paper ...
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Business Times (Singapore)
''The Business Times'' is a Singaporean financial daily under SPH Media Trust, a media organisation with businesses in print, digital, radio, and outdoor media in Singapore. The paper is published Monday to Saturday, with the Saturday edition called ''The Business Times Weekend''. It had a circulation (Print + Digital) of 39,500. Ownership It is part of the SPH Media Trust group which also publishes ''The Straits Times'' and ''The New Paper''. History It is an English-language newspaper published since 1 October 1976. Prior to this, it was a supplement in ''The Straits Times''. The paper was launched on 15 July 1976, and the special presentation issue prior to the launch of the paper featured George Magnus. The staff was first headed by Tsai Tan, who became the first female editor of a daily newspaper in Singapore. In 1989, the newspaper won the Media Philanthropic Appeals category of the International Advertising Festival in New York New York most commonly refers to: * ...
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