'His wisdom and foresight shaped our key policies': Tributes pour in following death of ex-finance minister Richard Hu

SINGAPORE – Former Cabinet minister and Singapore’s longest-serving finance minister Richard Hu Tsu Tau died on Friday. He was 96..

He also recounted that he joined the Ministry of Finance in 1999 and had worked with Dr Hu, who was then finance minister, on a Budget. On Friday night, MOF also posted on Facebook a condolence message to Dr Hu’s family. “We will remember Dr Hu for his many valuable contributions,” the ministry said.

In 1984, Dr Hu was elected MP for Kreta Ayer constituency and was immediately made trade and industry minister, making him among the few MPsHe went on to spend 17 years in politics, retiring in 2001 as finance minister.He oversaw the reform of Singapore’s financial and banking sectors, which included privatising the Post Office Savings Bank and selling it to DBS Bank.

“His wisdom and foresight shaped our key policies, including the GST which created a more resilient tax base for Singapore and boosted our international competitiveness,” he wrote.

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.

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
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

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.
Source: straits_times - 🏆 5. / 69 Read more »

Singapore's longest-serving finance minister Richard Hu dies aged 96SINGAPORE — Dr Richard Hu, who served as Singapore's Finance Minister for 16 years, died on Friday (Sept 8). He was 96.
Source: TODAYonline - 🏆 1. / 99 Read more »

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.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »