Singapore’s finance minister will be promoted to deputy key minister, the governing administration introduced on Monday, in the clearest indicator yet that he could become the city-state’s next leader.
Lawrence Wong will take up his new publish with result from June 13, Prime Minister Lee Hsien Loong claimed in a statement.
The 49-yr-aged was earlier handed a vital position in the country’s ruling get together in April, in an preliminary sign of how the succession method would take shape.
Lee, 70, is the son of Singapore’s late founding leading Lee Kuan Yew, and the approaching leadership adjust is viewed as delicate because it marks the founding spouse and children handing electrical power to a new era of ruling celebration leaders.
The financial hub of 5.5 million has been ruled by the People’s Motion Get together (PAP) given that 1959, and management succession is usually a diligently choreographed affair.
The method was thrown into disarray last 12 months, when the chief-in-waiting and then-finance minister, Heng Swee Keat, gave up his declare to the work soon after the celebration noticed its help slip in countrywide elections.
That cleared the way for Wong’s emergence.
“Mr Lawrence Wong will be promoted to deputy prime minister. He will be the performing prime minister in the absence of the prime minister,” Lee reported in a assertion.
Wong will go on as finance minister, included Lee, who also declared cabinet variations and other political appointments.
“The up coming era leadership is using shape,” Lee reported in a separate Fb article.
“I inquire anyone to give your comprehensive support to this vital transition, to steer Singapore safely and securely out of the pandemic and into a brighter long run.”
Many ministers had been touted as prospective replacements for Lee but Wong — who took over as finance minister in Could past 12 months, and also played a notable function in coordinating Singapore’s battle towards Covid-19 — came out on best.
Health and fitness Minister Ong Ye Kung and Schooling Minister Chan Chun Sing had previously been noticed as other contenders to be successful Lee.