Current:Home > StocksSingapore’s prime minister plans to step down and hand over to his deputy before the 2025 election -Quantum Finance Bridge
Singapore’s prime minister plans to step down and hand over to his deputy before the 2025 election
View
Date:2025-04-15 11:04:16
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! (49126)
Related
- US appeals court rejects Nasdaq’s diversity rules for company boards
- Olympic Sprinter Gabby Thomas Reveals Why Strict Covid Policies Made Her Toyko Experience More Fun
- Arrest warrant issued for Pennsylvania State Representative Kevin Boyle, police say
- Travis Kelce Details His and Taylor Swift’s Enchanted Coachella Date Night
- The Louvre will be renovated and the 'Mona Lisa' will have her own room
- Man up for parole more than 2 decades after Dartmouth professor stabbing deaths
- Chiefs' Patrick Mahomes lands on cover for Time 100 most influential people of 2024
- Jimmy John's selling Deliciously Dope Dime Bag to celebrate 4/20. How much is it?
- Travis Hunter, the 2
- How 'Little House on the Prairie' star Melissa Gilbert shaped a generation of women
Ranking
- NHL in ASL returns, delivering American Sign Language analysis for Deaf community at Winter Classic
- Court papers show Sen. Bob Menendez may testify his wife kept him in the dark, unaware of any crimes
- An NPR editor who wrote a critical essay on the company has resigned after being suspended
- Lab chief faces sentencing in Michigan 12 years after fatal US meningitis outbreak
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Bojangles expands to California: First location set for LA, many more potentially on the way
- This Fashion Designer Is Joining The Real Housewives of New York City Season 15
- Senate opposition leaves South Carolina energy bill with listless future
Recommendation
Grammy nominee Teddy Swims on love, growth and embracing change
Who will be the No. 1 pick of the 2024 NFL draft? Who's on the clock first? What to know.
$1, plus $6 more: When will your local Dollar Tree start selling $7 items?
How Simone Biles Really Felt About Husband Jonathan Owens' Controversial Relationship Comments
FACT FOCUS: Inspector general’s Jan. 6 report misrepresented as proof of FBI setup
Federal women's prison in California plagued by rampant sexual abuse to close
AP mock NFL draft 3.0: 8 trades, including 2 in the top 5 highlight AP’s final mock draft
Man up for parole more than 2 decades after Dartmouth professor stabbing deaths