“Tharman said he would very much like to be elected, but there must be some competition so that he can say he became president with a mandate from the people. So when I read that, I kept thinking: ‘Who in Singapore can give Tharman a decent contest? This thought then came to me in my mind: ‘Why not you, Kok Song? Why not you?’”The second of 11 children of a fish auctioneer and a housewife, hewhich has since morphed into the satellite estate of Sengkang East.
Instead, Mr Ng ended up in the Ministry of Finance’s overseas investment department under the late deputy prime minister Goh Keng Swee, who was known as the economic architect of Singapore. Sir Howard Davies – chairman of NatWest Bank in England and former deputy governor of the Bank of England – met Mr Ng at Stanford Business School in 1979.
Mr Ng, a father of three children aged between 33 and 50, nods knowingly and refers to an interview with The Straits Times in 2012 in which he said he had experienced so much love for his late wife that it was enough to last him a lifetime. However, he said in the same piece that he would not rule out falling in love again.
A graduate of Canada’s Simon Fraser University, she worked, among other jobs, as a financial analyst at Goldman Sachs and an investment specialist at Credit Suisse before running her family’s investment fund. “At 71, there’s no time to lose,” quips Mr Ng, who has six grandchildren, aged between 11 and 19. “We wanted to get married, but then, Sybil’s mother died so, as is customary, we want to wait three years,” he says, adding that he hopes to walk down the aisle with Ms Lau in March 2024.
“It’s actually none of their business, except that now I am part of their business. And this is one of the sacrifices that Sybil and I have to make, because there’s going to be public scrutiny, or gossip. It cannot be helped,” says Mr Ng, adding that he has been asked if she was a gold-digger. “Well, the reality is that she’s got more money than me.”
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