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

Keep your investments in these 3 accounts, CFP says: ‘If you have too much cash, you’re actually losing money’
World

Keep your investments in these 3 accounts, CFP says: ‘If you have too much cash, you’re actually losing money’

The earlier you invest, the more time your money has to grow. But figuring out the exact accounts to use can feel overwhelming. After setting aside money to cover daily expenses in a checking account and three to 12 months of expenses in a savings account, you should start looking into putting any additional income […]

Read More
‘Great parenting’ often comes down to this simple habit, says Ivy League psychologist: It helps you raise determined, resilient kids
World

‘Great parenting’ often comes down to this simple habit, says Ivy League psychologist: It helps you raise determined, resilient kids

If you want to raise successful, resilient kids, help them find activities they actually like, says psychologist Angela Duckworth. Instead of forcing your children to try a specific sport or instrument, spend time exposing them to a variety of extracurriculars and take note of what they spend the most time thinking about, Duckworth said on […]

Read More
Warren Buffett Watch: Berkshire Hathaway’s surprising new tech stake
World

Warren Buffett Watch: Berkshire Hathaway’s surprising new tech stake

As Warren Buffett gets closer to stepping down as CEO at the end of next month, he told shareholders he will be “going quiet,” but only “sort of.” More on his Thanksgiving letter, which looks like it could become a substantial annual tradition, below. First: A surprising stake There was a notable surprise in Berkshire […]

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