Singapore’s new Primary Minister Lawrence Wong will just take business office on Might 15

Singapore’s new Primary Minister Lawrence Wong will just take business office on Might 15


Singapore’s new prime minister Lawrence Wong will be sworn in on May well 15, 2024. The latest key minister Lee Hsien Loong introduced on April 15 that he will be stepping down and handing the management reins to Wong.

Ore Huiying | Bloomberg | Getty Photographs

SINGAPORE — Singapore’s Prime Minister Lee Hsien Loong will phase down on Might 15 and hand around the electric power to Deputy Prime Minister Lawrence Wong, the Primary Minister’s Business office said on Monday.

Wong will be sworn in at 8 p.m. neighborhood time that working day to come to be Singapore’s fourth primary minister due to the fact its independence in 1965.

Lee declared in November that Wong will take the reins from him as leader of the ruling People’s Action Occasion (PAP) ahead of the following standard election owing November 2025. Lee has served as key minister considering the fact that 2004.

Wong has the unanimous assistance of the PAP associates of parliament, the PMO assertion mentioned.

“For any country, a management transition is a significant second. Lawrence and the 4G crew have labored challenging to achieve the people’s trust, notably all through the pandemic,” Lee claimed in a Fb article pursuing the announcement. The fourth-technology leaders of the state are generally referred to as the 4G.

“Via the Forward Singapore work out, they have labored with lots of Singaporeans to refresh our social compact and produce the nationwide agenda for a new era,” he stated, referring to a prepare aimed at fostering a additional inclusive, fair and resilient culture.

Wong, who is 51, entered politics following staying elected a member of parliament throughout the 2011 General Election. He was subsequently appointed as Minister of Condition for training and defence. 

He is presently the Minister of Finance, a place he has held because 2021. He is also Chairman of the Financial Authority of Singapore, the country’s central bank and money regulator.

Lee beforehand praised Wong for how he assisted the country navigate by the Covid disaster, throughout which he rose to prominence as one of the co-chairs of the Covid activity pressure at the top of the pandemic. 

Wong has held positions in the Ministry of Defence, Ministry of Communications and Information, the Ministry of Lifestyle, Neighborhood and Youth, the Ministry of National Improvement, and the Ministry of Instruction.

In advance of coming into politics, Wong occupied roles as chief government of the Electrical power Industry Authority, and principal personal secretary to Lee.



Source

TikTok signs agreement to create new U.S. joint venture, memo says
World

TikTok signs agreement to create new U.S. joint venture, memo says

Samuel Boivin | Nurphoto | Getty Images TikTok’s U.S. operations will be housed in a new joint venture, according to a memo sent to employees by CEO Shou Zi Chew. The entity is named TikTok USDS Joint Venture LLC, the memo said. As part of the joint venture, Chew said in the memo, which was […]

Read More
Here are four key takeaways from Europe’s central banks’ final rate decisions of 2025
World

Here are four key takeaways from Europe’s central banks’ final rate decisions of 2025

Thursday’s bonanza of four European central banks announcing interest rate decisions was as expected: the European Central Bank, Norges Bank, and Riksbank held their rates, while the Bank of England cut. But there were hints at what’s ahead for 2026. Here are four key takeaways. 1. The BoE voted to cut, but only just The […]

Read More
Micron stock pops 13% as AI memory demand soars: ‘We are more than sold out’
World

Micron stock pops 13% as AI memory demand soars: ‘We are more than sold out’

The Micron logo is seen displayed at the 8th China International Import Expo. Sheldon Cooper | Lightrocket | Getty Images Micron Technology‘s stock jumped 13% after the company signaled robust demand for its memory chips and blew away fiscal first-quarter estimates. During an earnings call with analysts, Micron, which makes memory storage used for computers […]

Read More