He was the director of marketing of Shell Singapore and general manager of Shell West Malaysia – the first Asian to be appointed director in the Shell Group – before he was promoted to chairman of Shell Malaysia in 1974 and Shell Singapore in 1977.
In 1984, Dr Hu was elected MP for Kreta Ayer constituency and was immediately made trade and industry minister, the first PAP MP to be appointed to the Cabinet right after winning an election.Dr Hu was associated with several key policies during his term, such as overseeing the reform of Singapore’s financial and banking sectors, which included privatising the Post Office Savings Bank and selling it to DBS Bank.
In the 1998 Asian Financial Crisis, Dr Hu oversaw the introduction of two off-Budget stimulus packages totalling $12.5 billionThis was repeated in 2001 in response to another recession, when an $11.3 billion off-Budget package was drawn up.
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