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PM Lee, ESM Goh express condolences after death of S’pore’s longest-serving Finance Minister

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PM Lee and Dr Hu both entered politics in 1984. Read more at straitstimes.com.

SINGAPORE – Prime Minister Lee Hsien Loong and Emeritus Senior Minister Goh Chok Tong have offered their condolences to the family of Singapore’s longest-serving Finance Minister Richard Hu, whoIn a Facebook post on Saturday, PM Lee said he was “deeply saddened” by the passing of “a close colleague and friend for many years” and paid tribute to Dr Hu, who was finance minister from 1985 to 2001.

In 1983, Dr Hu retired from global energy and petrochemical company Shell and joined the Monetary Authority of Singapore as its managing director. Two years later, he became MAS chairman when he entered the Cabinet. As Singapore’s longest-serving Finance Minister, Dr Hu tabled in Parliament a record 16 budgets, overseeing a period of high growth and substantial budget surpluses, said PM Lee.

 

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