Finance
Singapore’s Transport Minister Chee Hong Tat appointed to MAS board
The Monetary Authority of Singapore (MAS) appointed Transport Minister Chee Hong Tat to its board of directors. Mr Chee, also Second Minister for Finance, will serve a three-year term from 1 June 2024, to 31 May 2027.
SINGAPORE: The Monetary Authority of Singapore (MAS) announced on Thursday (2 May) that Minister for Transport Chee Hong Tat has been appointed to its board of directors.
Mr Chee, who also serves as the Second Minister for Finance, will hold this position for a three-year term starting from 1 June until 31 May 2027, according to MAS’s media release.
Additionally, five current members of the MAS board have been reappointed for three-year terms, commencing on June 1 and concluding on May 31, 2027.
These members include Mr Heng Swee Keat (Deputy Prime Minister and Coordinating Minister for Economic Policies), Mr Alvin Tan (Minister of State for Trade and Industry and Minister of State for Culture, Community, and Youth), Mr Peter Ong (former chairman of Enterprise Singapore), Mrs Deborah Ong, and Mr Ng Wai King.
DPM and Minister for Finance Lawrence Wong, and Minister for Trade and Industry Mr Gan Kim Yong, is also the Chairman and Deputy Chairman of MAS.
However, Professor Tan Chorh Chuan, former president of the National University of Singapore, will step down from his position when his current term ends on 31 May.
MAS acknowledged Prof. Tan’s significant contributions since his appointment in June 2012, particularly in board discussions and as a key member of the Board Risk Committee.
MAS chairman Lawrence Wong expressed the board’s gratitude for Prof. Tan’s clear thinking and systemic approach to complex issues, which greatly benefited MAS’s decision-making processes, especially in enhancing organizational capabilities in technology and risk management.
From 1 June, the MAS board comprises:
- Lawrence Wong
- Gan Kim Yong
- Heng Swee Keat
- Chee Hong Tat
- Alvin Tan
- Peter Ong (former head of civil service)
- Chaly Mah (chairman of NetLink NBN Management)
- Lucien Wong (Attorney-General of Attorney-General’s Chambers)
- Deborah Ong (retired partner of PricewaterhouseCoopers)
- Ng Wai King (managing partner, WongPartnership)
- Chia Der Jiun (managing director of MAS)
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PAPs love playing musical chairs..
Transport ministry already cannot run properly ,still want to wayang to boss to take on more roles?😆😆😆🤣🤣🤣
Wonder when the local populace, or in this instance the “viewers”, get sick, tired and shortchanged, … of the same old same old “actors/actresses” playing different roles, every other week, .. in the same shit show !!!
The policy makers and the regulators are almost the same. So where is the protection for citizens? Separation of powers are crucial for the success of a State. The govt. must remain as only the Regulator. We have experienced this kind of governance under LHL. LW is doing the same. We are the most scammed State in the world. How can you keep repeating what has been proven unsuccessful? Loss under Tharman is also pushed under the carpet and why is there a need for the AGC to be seating on the MAS board?
The MAS blamed on currency ‘exchange’ when they loose huge $1,000,000.00 (Millions) of Singaporeans money .
Who was the culprit making decisions?
Who got punished?
Who accepted full responsibility?
They searched high and low, the entire world for the best talent.
At the end of the day the only “talent” that they can find is a millionaire minister in the ruling government. Can anyone in the MAS Board spell “corruption?”
The 🇺🇸 Fed Reserve Board expertly used the interest rates to calibrate, to grow the 🇺🇸 economy, to assist business, to enable their citizens to live with affordable housing, acceptable inflation.
Here the Eff MAS collect their MEGA salaries JUICED out from tax payers money – where is the comfort of taming inflation in SG to assist citizens live LESS OF NIGHTMARE lives?
What is see REPORTs DBS announced MAKING GIGANTIC profits.
The names are all associated with the white ants colony.
Very good and well done SG, I’m sure the citizens will have something to say during the elections.