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Goh Chok Tong 吳作棟; (Trad.) Hanyu Pinyin: Wú Zuòdòng; Minnan Gô· Chok-tòng; born May 20, 1941), was the second Prime Minister of the Republic of Singapore from November 28, 1990 to August 12, 2004, succeeding Lee Kuan Yew. He served a total of fourteen years. He is currently Senior Minister of Singapore and the chairman of the central bank of Singapore, the Monetary Authority of Singapore.

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Early life

Born into a humble Hokkien family, Goh studied at Raffles Institution from 1955 to 1960. He is said to have been a very competitive swimmer in his younger days.

He earned a First Class Bachelor of Arts Degree in economics from the National University of Singapore( then known as the University of Singapore ), a Master of Arts in Development Economics from Williams College in the United States in 1967. After his study, Goh returned to Singapore to serve in the Administrative Service.sup

Career at Neptune Orient Lines, 1969 to 1977

In 1969, Goh was seconded to the Neptune Orient Lines (NOL) as a Planning and Projects Manager. His career advanced quickly and by 1973, he became the Managing Director and led NOL to achieve impressive financial results during his tenure. sup

Early political career

In the 1976 Singapore general election, at the age of thirty-five, Goh was elected as Member of Parliament for Marine Parade constituency, as a People's Action Party (PAP) candidate. He was appointed a Senior Minister of State for Finance. In 1981, he was promoted to be the Minister for Trade and Industry. He later also served in other appointments including Minister for Health and Minister for Defence. sup

In 1985, Goh became the First Deputy Prime Minister and began to assume the responsibility of the government in a carefully managed leadership transition. According to Lee Kuan Yew, his preferred successor was Tony Tan; however Goh was selected by the second generation of PAP leaders that include Tony Tan, S Dhanabalan, and Ong Teng Cheong; and Lee accepted their decision. sup

Prime Minister, 1990 to 2004

On 28 November 1990, Goh became the second Prime Minister of Singapore, taking over from Lee Kuan Yew. Lee remained an influential member of his Cabinet, holding the post of Senior Minister. Goh was initially written off by critics as a weak, transitionary figure, and a seat-warmer for Lee Hsien Loong. Nonetheless, in 1992, Lee Kuan Yew handed over to Goh the post of Secretary General of People's Action Party, successfully completing the leadership transition.

As Prime Minister, Goh was seen as having a more open and consultative of leadership, compared to his predecessor. His administration introduced several major policies and policy institutions, including:

During the period under Goh's administration, Singapore experienced several crises, such as the 1997 Asian financial crisis, threats of terrorism including the 2001 plot to bomb embassies in Singapore by Jemaah Islamiyah, 2001 to 2003 economic recession, and the 2003 SARS outbreak.

As Secretary General, Goh led the PAP to three general elections in 1991, 1997, and 2001, in which the party won 61%, 65% and 75% of the votes respectively. After the general election in 2001, Goh indicated that he would step down as Prime Minister after leading the country out of the recession. sup

Senior Minister, 2004 to present

On 12 August 2004, Goh stepped down as Prime Minister and serves as Senior Minister in Lee Hsien Loong's Cabinet. On 20 August 2004, Goh assumed the post of Chairman of the Monetary Authority of Singapore.

After a number of threats of Islamist terrorism in Singapore, Goh met local Islamic religious leaders in 2004, and made a visit to Iran, where he met the Iranian president, Mohammad Khatami, and visited local mosques. speculated that this was meant to develop relationships between Singapore and Iran.

Goh subsequently visited other Middle-Eastern countries as Senior Minister, with a view to improving diplomatic relationships and thus gaining wider business opportunities for Singaporean businessmen, especially in the UAE, Qatar, and Kuwait.

On May 19, 2005, Goh signed a Double Taxation Avoidance Agreement with Isreal's Finance Minister Benjamin Netanyahu on his visit to Isreal. A previous agreement was signed in 1971. Improvements in the agreement include enhancements to the withholding tax rate on interest income, which was reduced from 15 % to 7 %. This would benefit Singaporean businessmen with investments in Isreal and vice versa, by ensuring they are not taxed twice. Goh also discussed for an agreement to recognise each other's certification standards, so as to ease the flow of goods between the two countries.

He currently is a patron for the Institute of Policy Studies, government think tank.

Goh is married to Tan Choo Leng and they have a twin son and daughter. Their son, Goh Jin Hian, is a medical doctor at Mount Elizabeth Hospital.

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