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SINGAPORE, April 16 (Reuters) – Singapore’s Prime Minister Lee Hsien Loong claimed on Saturday that Finance Minister Lawrence Wong would realize success him as the town-state’s leader.
Wong was chosen as leader of the ruling People’s Motion Party’s (PAP) so-termed fourth technology team, in accordance to an announcement on Thursday, paving the way for him to turn into prime minister. read far more
“The system is for Lawrence to realize success me as PM, possibly ahead of or immediately after (if the PAP wins) the following Normal Election. It is due in 2025 and will surely be a rough fight,” Lee reported in a social media put up on Saturday.
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Lee, whose father Lee Kwan Yew was the island nation’s independence chief, has been prime minister because 2004.
Balance has extensive been one of wealthy Singapore’s key strengths, producing it a haven for investors and companies in a area the place political upheaval is not uncommon.
Wong, 49, who served steer the Southeast Asian town-point out via the COVID-19 pandemic as co-chair of the government’s taskforce, experienced been tipped by analysts as a prospective successor to Lee, 70.
Leadership succession in the state, governed by the PAP because its 1965 independence, is typically a very carefully prepared affair.
But an unpredicted conclusion very last yr by Deputy Primary Minister Heng Swee Keat to phase apart as Lee’s designated successor disrupted management planning.
“I am previously 70 and I am on the lookout ahead to handing over to Lawrence at the time he is ready,” Lee informed a news conference. He said they would later make a decision no matter whether he or Wong would direct the celebration into the following typical election.
Rising from travel curbs and rigorous polices that built it a pandemic good results tale, Singapore is vying to keep and create on its position as a hub of international commerce.
“The pandemic is not in excess of, we have to get by way of it,” said Wong when requested about key problems struggling with the nation.
“There are sizeable financial troubles to tackle arising from the war in Ukraine, not the very least the risk of bigger and additional persistent inflation and weaker growth.”
He claimed the state would also need to have to glance above the horizon to posture by itself in a extra “elaborate, risky and unpredictable world”.
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Reporting by Aradhana Aravindan in Singapore Editing by Raju Gopalakrishnan and William Mallard
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