Gan Kim Yong is a Singaporean politician who has been serving as Minister for Trade and Industry since 2021. A member of the governing People’s Action Party, he has been the Member of Parliament (MP) representing the Chua Chu Kang division of Chua Chu Kang GRC since 2011. Gan also served as Minister for Manpower between 2008 and 2011, Minister for Health between 2011 and 2021.
He was the Chairman of the People’s Action Party between 2018 and 2022. Prior to entering politics, Gan worked in the Ministry of Trade and Industry (MTI) and the Ministry of Home Affairs (MHA). He joined NatSteel in 1989 and became the chief executive officer and president of NatSteel in 2005. He made his political debut in the 2001 general election as part of a five-member PAP team contesting in Holland–Bukit Panjang GRC and won by an uncontested walkover.
On 3 July 2023, the Monetary Authority of Singapore (MAS) announced that Gan will be appointed Vice-Chairman of the Monetary Authority of Singapore (MAS) on 8 July 2023 after Vice-Chairman Lawrence Wong succeeded Tharman Shanmugaratnam as Chairman, who stepped down to run for the 2023 presidential election.
Early life
Gan Kim Yong (Chinese: 颜金勇; pinyin: Yán Jīnyǒng) was born on February 9, 1959, and is 64 years old. He is the son of Singaporean parents. He was educated at Catholic High School and National Junior College before he received an Overseas Merit Scholarship from the Singapore Government to study at the University of Cambridge, where he completed a Bachelor of Arts degree in electrical engineering in 1981.
Gan subsequently went on to complete a master’s degree in engineering at the University of Cambridge in 1985. He began his career in the Civil Service, working at the Ministry of Trade and Industry (MTI) and the Ministry of Home Affairs (MHA). He left the Civil Service for the private sector in 1989 and joined NatSteel. In 1996, he became Executive Vice-President of NatSteel and CEO of NatSteel Resorts International and NatSteel Properties. In 2005, he became President and CEO of NatSteel.
Political career
Gan Kim Yong made his political debut in the 2001 general election as part of a five-member PAP team contesting in Holland–Bukit Panjang GRC and won by an uncontested walkover. Gan was subsequently elected as the Member of Parliament representing the Zhenghua ward of Holland–Bukit Panjang GRC.
Gan was appointed as Minister of State for Education and Minister of State for Manpower in 2005. During the 2006 general election, Gan replaced Low Seow Chay as the PAP candidate contesting in Chua Chu Kang SMC and won 60.37% of the vote.
On 1 April 2008, he was appointed as Acting Minister for Manpower and later promoted to full Minister on 1 April 2009. During the 2011 general election, Gan led the five-member PAP team contesting in the newly-formed Chua Chu Kang GRC and won 61.20% of the vote. He continued serving as the Member of Parliament representing the Chua Chu Kang ward of Chua Chu Kang GRC.
On 21 May 2011, he relinquished his portfolio as Minister for Manpower and took up a new portfolio as Minister for Health. During the 2015 general election, Gan led the four-member PAP team contesting in Chua Chu Kang GRC and won 76.89% of the vote. On 23 November 2018, Gan succeeded Khaw Boon Wan as Chairman of the People’s Action Party.
Gan Kim Yong was appointed in February 2018 by the World Health Organization (WHO) to serve on the Commission on Non-Communicable Diseases, which aims to identify innovative ways to curb diseases that are not transmitted from person to person, such as diabetes, cancer and heart disease, and extend life expectancy.
During the 2020 general election, Gan led the five-member PAP team contesting in Chua Chu Kang GRC and won about 59% of the vote. During the COVID-19 pandemic in Singapore, Gan and Lawrence Wong were appointed co-chairs of a multi-ministerial committee set up by the government on 22 January 2020 to manage the situation. Following a Cabinet reshuffle, on 15 May 2021, Gan became Minister for Trade and Industry.
Gan Kim Yong Salary: What Is Gan Kim Yong Salary as an MP?
Gan Kim Yong’s salary per month and other career earning are over $415,000 dollars annually. He has no loans from a bank.His remarkable achievements have earned him some luxurious lifestyles and some fancy car trips. He is one of the most influential politicians in Singapore. He stands at an appealing height of 1.71m and has a good body weight which suits his personality.