Singapore finance minister gets key party role, seen as PM-in-waiting

SINGAPORE, – Singapore’s finance minister, Lawrence Wong, has been chosen as leader of the ruling People’s Action Party’s so-called fourth generation team, paving the way for him to potentially become the city-state’s next prime minister.

Stability has long been one of wealthy Singapore’s major strengths, making it a haven for investors and businesses in a region where political upheaval is not uncommon. Leadership succession in the Southeast Asian city-state – which has been governed by the People’s Action Party since 1965 – is normally a carefully planned affair.

4G refers to the ruling party’s so-called fourth generation team of younger leaders, who had to choose a replacement for Heng from among themselves.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

British PM and finance minister to be fined over lockdown partiesPolice have been investigating 12 gatherings at Boris Johnson's Downing Street office and the Cabinet Office after an inquiry found his staff had enjoyed alcohol-fuelled parties.
Source: rapplerdotcom - 🏆 4. / 86 Read more »