Current:Home > StocksSingapore’s prime minister plans to step down and hand over to his deputy before the 2025 election -TradeWisdom
Singapore’s prime minister plans to step down and hand over to his deputy before the 2025 election
Indexbit View
Date:2025-04-07 07:17:56
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! (7)
Related
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- Beat the Heat and Maximize Your Fun With Chloe Fineman’s Summer Essentials
- Biden to visit Maui on Monday as wildfire recovery efforts continue
- Grad school debt can be crushing for students. With wages stagnant, Education Dept worries
- Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
- Amid controversy, Michael Oher of 'The Blind Side' fame attends book signing in Mississippi
- Netflix testing video game streaming
- Could HS football games in Florida be delayed or postponed due to heat? Answer is yes.
- The White House is cracking down on overdraft fees
- 'The Blind Side' subject Michael Oher is suing the Tuohy family. Many know the pain of family wounds.
Ranking
- Meta releases AI model to enhance Metaverse experience
- NASA moving toward Artemis II liftoff, but program's future remains uncertain
- Netflix testing video game streaming
- Death toll from devastating Maui fire reaches 106, as county begins identifying victims
- Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
- The Blind Side's Quinton Aaron Defends Sandra Bullock From Critics Amid Michael Oher-Tuohy Lawsuit
- Kansas prosecutor says material seized in police raid of weekly newspaper should be returned
- New York Times considers legal action against OpenAI as copyright tensions swirl
Recommendation
IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
Massachusetts man fatally shoots neighbor, dog, himself; 2 kids shot were hospitalized
Tennessee man who killed 8 gets life in prison in surprise plea deal after new evidence surfaces
Got a kid headed to college? Don't forget the power of attorney. Here's why you need it.
Sam Taylor
Maui's cultural landmarks burned, but all is not lost
These Towel Scrunchies With 7,800+ 5-Star Reviews Dry My Long Hair in 30 Minutes Without Creases
Teen Mom's Catelynn Lowell and Tyler Baltierra Share the Hardest Part of Daughter Carly's Adoption