Current:Home > StocksSingapore’s prime minister plans to step down and hand over to his deputy before the 2025 election -Clarity Finance Guides
Singapore’s prime minister plans to step down and hand over to his deputy before the 2025 election
View
Date:2025-04-15 21:32:34
SINGAPORE (AP) — Singapore Prime Minister Lee Hsien Loong said Sunday he planned to bow out and hand over power to his deputy, Lawrence Wong, late next year, before the 2025 general election.
Lee, 71, initially intended to retire before turning 70, but it was shelved because of the COVID-19 pandemic. He has served as head of the long-ruling People’s Action Party, or PAP, and as prime minister since 2004. Last year, he named Wong, who is also finance minister, as his designated successor.
“I have full confidence in Lawrence and his team and there’s no reason to delay their political transition. Therefore, I intend to hand over to DPM (Deputy Prime Minister) Lawrence before the next general election,” Lee said at a party conference.
He said passing the baton to Wong before the national polls will allow the 50-year-old politician to win his own mandate and take the country forward.
“If all goes well, I will hand over (to Wong) by PAP’s 70th birthday next year” in November 2024, Lee said without giving an exact date.
Pausing to hold back his tears, an emotional Lee said he was thankful for the time he had served, and that he would do his utmost to support Wong and his new team.
“After (handing over), I will be at the new PM’s disposal. I will do wherever he thinks I can be useful. I will do my best to help him fight and win the next GE (general election),” Lee added.
Wong, who came to prominence in helping to coordinate Singapore’s fight against COVID-19, will be the city-state’s fourth leader since independence in 1965.
He was picked by PAP as the likely successor to Lee after then Finance Minister Heng Swee Keat, who was earlier tipped to succeed Lee, withdrew his nomination. Heng bowed out after the PAP, one of the world’s longest-serving parties, suffered its worst election performance in 2020. Although the PAP retained its super majority, it lost some seats and support slipped.
Lee is the eldest son of Lee Kuan Yew, who became Singapore’s first prime minister and built the resource-poor city-state into one of the world’s richest nations during 31 years in office. But it has also been criticized for tight government control, media censorship and use of oppressive laws and civil lawsuits against dissidents.
veryGood! (82)
Related
- Questlove charts 50 years of SNL musical hits (and misses)
- Six young activists suing 32 countries for failing to address climate change
- The Fate of Matt James' Mom Patty on The Golden Bachelor Revealed
- Summer House's Paige DeSorbo Weighs in on Carl Radke and Lindsay Hubbard's Shocking Break Up
- The 401(k) millionaires club keeps growing. We'll tell you how to join.
- Russia is set to avoid a full ban from the 2024 Paralympics in Paris
- Trump looks to set up a California primary win with a speech to Republican activists
- Scotland to get U.K.'s first ever illegal drug consumption room in bid to tackle addiction
- 'Squid Game' without subtitles? Duolingo, Netflix encourage fans to learn Korean
- Baton Rouge police reckon with mounting allegations of misconduct and abuse
Ranking
- What to know about Tuesday’s US House primaries to replace Matt Gaetz and Mike Waltz
- Overworked and understaffed: Kaiser workers are on the brink of a nationwide strike
- From vegan taqueros to a political scandal, check out these podcasts by Latinos
- This week on Sunday Morning (October 1)
- New Zealand official reverses visa refusal for US conservative influencer Candace Owens
- Extremist attack kills at least 12 soldiers in Niger as jihadi violence increases post-coup
- What to know and what’s next for Travis King, the American soldier who ran into North Korea
- Fossil fuel rules catch Western towns between old economies and new green goals
Recommendation
Former longtime South Carolina congressman John Spratt dies at 82
804,000 long-term borrowers are having their student loans forgiven before payments resume this fall
The tiny worm at the heart of regeneration science
Higher gas prices lift Fed’s preferred inflation gauge but underlying price pressures remain mild
Meta releases AI model to enhance Metaverse experience
Cause of Maui wildfire still unknown, Hawaii utility chief tells congressional leaders
Missing Kansas cat found in Colorado and reunited with owners after 3 years
Man arrested in shooting at Lil Baby concert in Memphis