Singapore names new deputy prime minister in cabinet reshuffle

Singapore names new deputy prime minister in cabinet reshuffle


Singapore’s Finance Minister Lawrence Wong will be promoted to deputy prime minister, in a cabinet reshuffle announced on June 6.

Roslan Rahman | AFP | Getty Images

SINGAPORE — Singapore’s Prime Minister Lee Hsien Loong has named Finance Minister Lawrence Wong as deputy prime minister in a cabinet reshuffle that will take effect next Monday.

Wong will be the acting prime minister in Lee’s absence. He will also continue as minister for finance.

The promotion was widely expected after Wong was endorsed as leader of the next generation team in April. He has served in the education ministry and is also co-chair of Singapore’s task force on Covid-19.

Heng Swee Keat, who will remain deputy prime minister after the reshuffle, was previously expected to take over from Lee.

In a shock announcement last year, Heng said he will be stepping aside for a younger leader so that the new leader can “have a longer runway.”

— This is breaking news. Please check back for updates.



Source

Uber raises stake in Delivery Hero in 8 million deal
World

Uber raises stake in Delivery Hero in $318 million deal

An Uber Eats courier is seen in Krakow, Poland, on Aug. 21, 2025. Jakub Porzycki | Nurphoto | Getty Images Uber on Friday agreed to purchase an additional 4.5% of shares of German food delivery firm Delivery Hero from the company’s biggest shareholder Prosus. Total gross proceeds to Prosus are approximately 270 million euros ($318 […]

Read More
Asia markets open lower as fragile Middle East ceasefire tempers sentiment
World

Asia markets open lower as fragile Middle East ceasefire tempers sentiment

Kazuhiro Nogi | AFP | Getty Images Asia-Pacific markets opened lower Friday, as cautious optimism over the Middle East conflict tempered sentiment, diverging from Wall Street’s record-setting rally. U.S. President Donald Trump on Friday said that the war in Iran “should be ending pretty soon,” reiterating rosy predictions about the end of the conflict. Hours earlier, […]

Read More
CNBC Daily Open: A fragile peace, but a firm market rally
World

CNBC Daily Open: A fragile peace, but a firm market rally

A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., April 16, 2026. Jeenah Moon | Reuters Hello, this is Hui Jie writing to you from Singapore. Welcome to another edition of CNBC’s Daily Open. Markets march on to new records as the warring sides in the […]

Read More