Singapore - In a resounding victory, Tharman Shanmugaratnam, a former deputy prime minister, clinched the presidential race in Singapore on Friday, maintaining robust support despite recent political controversies surrounding the ruling party, as reported by AFP.

Tharman, who held significant roles within the People's Action Party (PAP) for more than two decades, was anticipated to secure approximately 70% of the valid votes, based on an initial count by the Elections Department. The final outcome of the three-way contest may change once complete results are disclosed.

The Edge Malaysia quoted Tharman as saying, "It is not just a vote for me; it is a vote for Singapore's future. My campaign was one of optimism and solidarity, and I believe that's what Singaporeans want."

According to reports, Ng Kok Song, a former chief investment officer of Singapore's sovereign wealth fund, GIC Pte, secured the second position with 16%, while Tan Kin Lian, a presidential candidate in 2011, came in third with 14%.

In Singapore, the predominantly ceremonial role of the president has traditionally been filled by candidates closely affiliated with the ruling PAP. With Prime Minister Lee Hsien Loong preparing to step down after nearly two decades in office, these election results signify continued backing for the PAP.

Lee's departure is expected to coincide with the national elections scheduled for 2025.

The election occurred against the backdrop of voter concerns about rising living costs, particularly high housing prices, alongside slowing economic growth and reduced global demand in this trade-dependent nation. A series of political scandals had also cast doubts on the government's previously impeccable reputation.

Despite the party's worst-ever performance, Tharman, perceived as independent-minded and possessing extensive governmental experience, secured the most substantial margin of votes in the 2020 general election, according to reports.

While the prime minister oversees the government, the president in Singapore wields specific powers, including the authority to veto spending bills or requests to access past reserves, which were tapped to support the budget during the pandemic.

The president's term lasts for six years and includes the authority to approve critical civil service appointments and the ability to instruct the anti-graft agency to continue an investigation, even if the prime minister disagrees.

Who Is Tharman Shanmugaratnam?

Born in Singapore, Tharman, an economist by profession, officially launched his presidential campaign last month, pledging to evolve the nation's culture to uphold its status as a "shining spot" in the world.

He entered politics in 2001 and has served in various public sector and ministerial positions within Singapore's ruling PAP for more than two decades. Additionally, he possesses expertise in government affairs and the city-state's foreign reserves, estimated to exceed SGD 2 trillion.

Tharman held the position of Singapore's Deputy Prime Minister from 2011 to 2019 but resigned from public and political roles in July to run for the presidency. He is married to Jane Yumiko Ittogi and is a parent to four children.