Singapore names Deputy Key Minister Lawrence Wong as chairman of the central bank

Singapore names Deputy Key Minister Lawrence Wong as chairman of the central bank


Lawrence Wong, Singapore’s finance minister and deputy prime minister in Sept, 2021.

Bloomberg | Bloomberg | Getty Images

The Financial Authority of Singapore (MAS) named Deputy Key Minister Lawrence Wong as chairman of its board of administrators effective July 8.

Wong, who is the country’s finance minister, will swap Tharman Shanmugaratnam, who held the part for 12 yrs considering the fact that Could 2011, the release mentioned.

MAS is the country’s economic regulator and central bank.

Wong, who was deputy chairman of MAS due to the fact June 2021, will provide as chairman right until May possibly 31, 2026, in accordance to the press release.

Watch CNBC's full interview with Singapore Deputy PM Lawrence Wong on the 2023 budget and more

Singapore’s Minister for Trade and Market Gan Kim Yong will be appointed deputy chairman of the MAS Board for the exact same period of time, from July 8 to May well 31, 2026.

Singapore’s Straits Occasions index noticed a bounce shortly right after the announcement, paring before losses and last traded .33% greater.

This is a breaking information tale. Make sure you test again for updates.



Supply

India’s largest company is caught in geopolitical tensions. But it faces the biggest challenge at home
World

India’s largest company is caught in geopolitical tensions. But it faces the biggest challenge at home

There could be 20% upside for Reliance Industries’ shares, according to Shrikant Chouhan of Kotak Securities. Sheldon Cooper | Sopa Images | Lightrocket | Getty Images India’s largest business group, Reliance Industries, has been battling geopolitical headwinds in its oil refining and, reportedly, in one of its new energy ventures. But those are not the […]

Read More
EU plan to phase-out high-risk tech draws fire from China’s Huawei
World

EU plan to phase-out high-risk tech draws fire from China’s Huawei

The EU plans to phase out components and equipment from high-risk suppliers in critical sectors, according to a draft proposal released by Brussels on Tuesday – a move criticized by China’s Huawei, which is set to be among the companies affected. Sopa Images | Lightrocket | Getty Images The EU plans to phase out components and equipment from high-risk suppliers in critical sectors, according to a draft […]

Read More
Greenland should be prepared for ‘everything,’ prime minister says, not ruling out U.S. military action
World

Greenland should be prepared for ‘everything,’ prime minister says, not ruling out U.S. military action

A demonstration under the slogans ‘hands off Greenland’ and ‘Greenland for Greenlanders’ takes place in front of the US embassy in Copenhagen, Denmark, on Jan. 17, 2026. Kristian Tuxen Ladegaard Berg | Nurphoto | Getty Images Greenland Prime Minister Jens-Frederik Nielsen said late Tuesday the island and its people should be prepared for “everything,” not […]

Read More
Powered by WordPress | WP Magazine by WP Mag Plus