Tue. Mar 18th, 2025 8:20:25 PM
  • Singapore PM Lee Hsien Loong will step down and hand over power to Lawrence Wong.
  • After two decades, Singapore Prime Minister Lee Hsien Loong will step down from his post on May 15. Lawrence Wong will take oath as the next Prime Minister.
  • Lawrence Wong is currently serving as deputy Prime Minister and Finance Minister.
  • He has been a potential candidate for the Prime Minister post since 2002.
  • Wong was designated as the PM-in-waiting in April 2022 after a rare disruption in the leadership transition process.
  • Wong is also deputy chairman of sovereign wealth fund GIC and chairman of the Monetary Authority of Singapore, the Southeast Asian nation’s central bank.
  • He led the education and national development ministries before becoming finance minister in 2021.

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