SINGAPORE: Prime Minister Lee Hsien Loong on Saturday paid tribute to the late Dr Richard Hu, saying the country owed the former finance minister its gratitude for a"lifetime of contribution and service to nation".. He entered politics in 1984, the same year as Mr Lee.
Mr Lee also recognised Dr Hu's time at MAS where he was both managing director and then chairman between 1983 and 1997. “Under his leadership during these formative years, MAS established its credentials for stringent supervision and regulation of the financial sector, and sound monetary policy,” Mr Lee wrote.
Mr Lee also acknowledged Dr Hu’s contributions to key financial policies in Singapore, including the introduction of the goods and services tax in 1994. Mr Lee added that Dr Hu “did not just push through the GST”, but also introduced a comprehensive package of support and offset to help businesses and households cope.
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Singapore's longest-serving finance minister Richard Hu dies aged 96Deputy Prime Minister Lawrence Wong and Deputy Prime Minister Heng Swee Keat paid tribute to Dr Hu, who was Singapore's Finance Minister from 1985 to 2001.
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'His wisdom and foresight shaped our key policies': Tributes pour in following death of ex-finance minister Richard HuSINGAPORE – Former Cabinet minister and Singapore’s longest-serving finance minister Richard Hu Tsu Tau died on Friday. He was 96. His death was disclosed in a Facebook post on Friday night by Deputy Prime Minister Lawrence Wong. Mr Wong noted that Dr Hu was Singapore’s longest-serving finance minister. Dr Hu had held the post from 1985 to 2001. “He stewarded...
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Former Finance Minister Richard Hu dies aged 96SINGAPORE: Former Finance Minister Richard Hu died on Friday (Sep 8) at 96 years old. Dr Hu first entered politics in 1984 after contesting in the General Election as a member of the People's Action Party for the Kreta Ayer constituency, where he was elected as a Member of Parliament Therea
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Richard Hu, S’pore’s longest-serving finance minister, dies aged 96He also held ministerial portfolios of health and national development during his years in the Cabinet. Read more at straitstimes.com.
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