Halima Yacob declared Singapore's first female President and the first Malay head of state in 47 years
The other two contenders, Salleh Marican and Farid Khan, were both denied eligibility, having fallen short of a constitutional rule that required any candidate from the private sector to have led a company with shareholder equity of at least 500 million Singapore dollars (372 million dollars).
Following the announcement, Yacob thanked her
supporters in a speech, calling it a “a proud moment for Singapore, for
multiculturalism and multi-racialism.” Yacob is Singapore’s first Malay
president in 47 years and the first woman to occupy the president’s office.
While some have applauded the historic moment, the
election has also drawn public criticism due to what was seen as a lack of
democratic process. Yacob addressed these concerns, saying “I am a president
for everyone, regardless of race, language, religion or creed.”
The president is vested with the responsibility of
overseeing the country’s national asset reserves, but does not hold any of the
executive powers of the prime minister or members of the cabinet. Yacob is
expected to be sworn into office on Thursday.
The last Malay to hold the
presidency was Yusof Ishak, whose image adorns the country’s banknotes. Yusof
was president between 1965 and 1970, the first years of Singapore’s
independence following a short-lived union with neighboring Malaysia, but
executive power lay with Lee Kuan Yew, the country’s first prime minister.
NAN
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