SINGAPORE: Dr Richard Hu, who served as Singapore's Finance Minister for 16 years, died on Friday . He was 96.
Deputy Prime Minister Lawrence Wong, in a post on Facebook, paid tribute to Singapore's longest-serving Finance Minister. "I remember working on a Budget where he asked us to get information on the prices of some key essential items at the wet market, so as to get a better feel of the cost of living pressures that people were experiencing then," Mr Wong said.
Dr Hu became MAS chairman in 1985, a position which he held until 1997, and also served briefly as the Minister for National Development from 1992 to 1993. "Dr Hu played an instrumental role in transforming Singapore into a leading financial hub through an overhaul of our financial and banking sectors," he said, adding that his contributions to Singapore will leave a"lasting imprint".
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