Singapore deputy prime minister steps away from future management function

The central enterprise district skyline from the Marina Bay Sands in Singapore, on Tuesday, Nov. 3, 2020.

Lauryn Ishak | Bloomberg | Getty Photos

Singapore’s deputy prime minister introduced on Thursday that he will probably be stepping apart so {that a} “youthful chief who may have an extended runway can take over.”

Heng Swee Keat, who was anticipated to take over from Prime Minister Lee Hsien Loong, can be coordinating minister for financial insurance policies and minister of finance.

Heng will step down from his place as finance minister on the subsequent Cupboard reshuffle.

Lee beforehand stated he would keep on as prime minister till the Covid-19 disaster ends. Heng was anticipated to take over, however will now step apart because the chief of the so-called “4G staff” — or Singapore’s fourth technology management.

In a letter addressed to Lee, Heng famous that he turns 60 this yr.

“After I additionally take into account the ages at which our first three Prime Ministers have taken on the job, I might have too brief a runway ought to I turn out to be the subsequent Prime Minister then,” he stated. “We want a frontrunner who won’t solely rebuild Singapore post-COVID-19, but in addition lead the subsequent part of our nation-building efforts.”

This can be a breaking information story, please examine again later for extra.

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