Back Го Кен Суи Bulgarian Goh Keng Swee German Goh Keng Swee ID गोह केङ्ग स्वी MAI गोह् केंग स्वी Marathi Goh Keng Swee Malay Goh Keng Swee SIMPLE Ngô Khánh Thụy Vietnamese 吴庆瑞 Chinese

Goh Keng Swee

Goh Keng Swee
DUT
吴庆瑞
2nd Deputy Prime Minister of Singapore
In office
20 March 1973 – 1 January 1985
Serving with S. Rajaratnam (1980–1985)
Prime MinisterLee Kuan Yew
Preceded byToh Chin Chye
Succeeded byGoh Chok Tong
Ong Teng Cheong
Chairman of the Monetary Authority of Singapore
In office
August 1980 – December 1997
Prime MinisterLee Kuan Yew
Preceded byHon Sui Sen
Succeeded byRichard Hu
Minister for Education
In office
12 February 1979 – 2 January 1985
Prime MinisterLee Kuan Yew
Preceded byChua Sian Chin
Succeeded byTony Tan
Minister for Defence
In office
11 August 1970 – 11 February 1979
Prime MinisterLee Kuan Yew
Preceded byLim Kim San
(as Minister for Interior and Defence)
Succeeded byHowe Yoon Chong
Minister for Finance
In office
17 August 1967 – 10 August 1970
Prime MinisterLee Kuan Yew
Preceded byLim Kim San
Succeeded byHon Sui Sen
In office
5 June 1959 – 8 August 1965
Prime MinisterLee Kuan Yew
Preceded byOffice established
Succeeded byLim Kim San
Minister for Interior and Defence
In office
9 August 1965 – 16 August 1967
Prime MinisterLee Kuan Yew
Preceded byOffice established
Succeeded byLim Kim San
Member of the Malaysian Parliament
for Singapore
In office
2 November 1963[1] – 9 August 1965
Preceded byPosition established
Succeeded byPosition abolished
Member of the Singapore Parliament
for Kreta Ayer
In office
30 May 1959 – 4 December 1984
Preceded byConstituency established
Succeeded byRichard Hu (PAP)
Personal details
Born
Robert Goh Keng Swee[2]

(1918-10-06)6 October 1918
Malacca, Straits Settlements
Died14 May 2010(2010-05-14) (aged 91)
Singapore
Cause of deathBladder cancer
NationalitySingaporean
Political partyPeople's Action Party
Spouse(s)Alice Woon
(m. 1942 div. 1986)
Phua Swee Liang
(m. 1991)[3]
ChildrenGoh Kian Chee (son)[3]
Alma materLondon School of Economics (BSc, PhD)
Signature
Military service
Branch/serviceSingapore Army
Years of service1939–1942
RankHonorary Colonel[4]
Unit20th People's Defence Force[4]
Goh Keng Swee
Traditional Chinese吳慶瑞
Simplified Chinese吴庆瑞
In this Chinese name, the family name is Goh.

Goh Keng Swee DUT (simplified Chinese: 吴庆瑞; traditional Chinese: 吳慶瑞; pinyin: Wú Qìngruì; 6 October 1918 – 14 May 2010), born Robert Goh Keng Swee,[2] was a Singaporean statesman and economist who served as 2nd Deputy Prime Minister of Singapore between 1973 and 1985. Goh is widely recognised as one of the founding fathers of Singapore.[5] He was also one of the founders of the People's Action Party (PAP), which has governed the country continuously since independence.

Goh was a prominent member of the country's first generation of political leaders after Singapore became independent in 1965. He served as Minister for Finance between 1959 and 1965, and again between 1967 and 1970, Minister for Interior and Defence between 1965 and 1967, Minister for Defence between 1970 and 1979 and Minister for Education between 1979 and 1985.

As Minister for Interior and Defence, Goh's main objective was to strengthen the country's military and domestic security capabilities after the British had withdrawn its troops from Singapore, which made the newly-independent nation vulnerable. A key policy was the creation of National Service (NS), a mandatory conscription system for able-bodied young males. Prime Minister Lee Kuan Yew had mentioned that he had wanted a conscription consisting both men and women similar to Israel. However, Goh rejected it, citing that the labour cost at least in its initial years would be too great for the newly-independent nation.

During Goh's tenure as Minister for Finance, he declined to allow the central bank to issue currency, favouring instead a currency board system as this would signal to citizens, academics and the financial world that governments cannot "spend their way to prosperity"; the Monetary Authority of Singapore (MAS) was later established in 1971. In 1981, Goh also expressed the view that the central bank need not hold large amounts of cash in reserve to defend the currency, proposing that the Government of Singapore Investment Corporation (GIC) be established to invest excess reserves. At the time, it was unprecedented for a non-commodity-based economy to have such a sovereign wealth fund, and was initially seen as a risky venture that eventually paid dividends.[6] The multinational merchant bank, Rothschild & Co, had also advised on the GIC during its early years.[7] Goh died in 2010 at the age of 91, and he was given a state funeral.

  1. ^ "PARLIAMENTARY DEBATES DEWAN RA'AYAT (HOUSE OF REPRESENTATIVES) OFFICIAL REPORT" (PDF). Dewan Rakyat. Archived (PDF) from the original on 29 August 2016. Retrieved 19 August 2019.
  2. ^ a b Cite error: The named reference A shy, quiet boy who loved books was invoked but never defined (see the help page).
  3. ^ a b Obituary notice of Dr. Goh Keng Swee, The Straits Times (15 May 2010), p. C28.
  4. ^ a b Desker, Barry; Kwa, Chong Guan, eds. (2011). Goh Keng Swee: A Public Career Remembered. World Scientific. pp. 83, 98, 101. ISBN 978-9814407533.
  5. ^ Lee Hsien Loong (24 May 2010), "A giant in our midst [eulogy by the Prime Minister]", Today, pp. 12–14, archived from the original on 25 May 2010.
  6. ^ Janadas Devan (15 May 2010), "Remembering Goh Keng Swee, 1918–2010", The Straits Times (Saturday), p. D2.
  7. ^ Hamilton-Hart, Natasha (2003). Asian states, Asian bankers : central banking in Southeast Asia. Singapore: Singapore University Press. p. 89. ISBN 978-0801439872.

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