Prime Minister Lee Hsien Loong, Emeritus Senior Minister Goh Chok Tong and President-elect Tharman Shanmugaratnam offered their condolences to the family of Singapore’s longest-serving finance minister Richard Hu, who died on Friday at 96.
“I will always warmly remember his wise counsel, strong sense of stewardship and deep concern for Singaporeans.” 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. 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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